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Nextech3D.ai (NEXCF) launches a suite of 12 GPT AI solutions for 3D modeling, led by former Microsoft Executive Hareesh Achi. The company aims to revolutionize e-commerce with AI-powered 3D product solutions, targeting major brands and e-commerce platforms. The initiative includes GPTs for image search, text-based search, cost estimation, model analysis, floor map alignment, texture generation, and more. CEO Evan Gappelberg emphasizes the company's commitment to leveraging AI for business growth and revenue generation.
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Nextech3D.ai secures a $1.8 million 3D modeling contract with a major enterprise client, positioning itself as a leader in the $6.3 trillion e-commerce market. The company's CEO highlights the shift to 3D immersive experiences and the growing importance of 3D modeling in e-commerce. Nextech3D.ai also introduces a new AI-powered 3D model search engine, leading to a 500% increase in productivity. The company reports strong financial results for 2023, with a +56% revenue growth to $5 million and an estimated 30% gross profit margin for 2024.
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-1.69%
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Nextech3D.ai (NEXCF) reports strong annual revenue growth of 56% to $5 million in 2023, with a projected 100%+ growth in 2024. The company's pivot to India in Q4, 2023, and improvements in its AI are expected to increase the annual gross profit margin to over 30% in 2024. CEO Evan Gappelberg anticipates even stronger gains in 2024 as the 3D modeling revolution gains steam and the business gains more economies of scale.
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3.7%
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Nextech3D.ai (NEXCF) reports strong annual revenue growth of 56% to $5 million in 2023, with an estimated 30% annual gross profit margin. The company's pivot to India in Q4, 2023, and improvements in AI technology are projected to drive further growth in 2024. CEO Evan Gappelberg anticipates even stronger gains in 2024, with a major positive impact on production capability and profits. The company is negotiating multiple major contracts for its 3D modeling business and building AI technology to drive revenue and profits forward. The outlook includes significant enterprise 3D modeling contracts expected to close in Q1, a projected 51% or more jump in average contract value, and a 50% growth in new business leading to a projected 100%+ revenue growth in 2024. Nextech3D.ai has created 70,000 3D models to date, with a projection to surpass 250,000+ models by 2025, enabled by AI-powered technology and contracts with enterprise clients.
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Nextech3D.ai (NEXCF) signs a new 3D modeling contract with Global Industrial Company, a major player in the industrial and commercial equipment sector. The deal highlights the increasing demand for 3D models in new industrial sectors and the company's growing influence in the 3D modeling arena. Nextech3D.ai utilizes cutting-edge generative AI technology to create high-quality 4K 3D models for major e-commerce companies, with plans to market its proprietary AI-Powered 3D model search engine externally.
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Nextech3D.AI terminates agreement with VCI Global Limited to sell 51% interest in its AI platform. The company plans to continue developing its 3D modeling business and sees potential growth opportunities through Amazon and other large enterprise clients.
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Nextech3D.ai (NEXCF) announces a breakthrough in AI-powered 3D model search engine, reporting a 500% increase in productivity and lower costs of 3D model production. The company plans to release the AI search engine to the public in Q1 2024, aiming to become the gold standard for the $5.5 trillion e-commerce market. CEO Evan Gappelberg discusses the groundbreaking technology and its potential impact on the company's growth in 2024.
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Rhea-AI Summary
Nextech3D.ai (NEXCF) announces a breakthrough in AI-powered 3D model search engine, reporting a 500% increase in productivity, a significant improvement from the previously announced 80% increase. The company plans to release the AI search engine to the public in Q1 2024, aiming to capitalize on the $5.5 trillion e-commerce market. CEO Evan Gappelberg highlights the potential for significant revenue and profit growth through the sale of the search engine. The technology combines computer vision and AI to streamline and accelerate 3D model production, with the ability to create new 3D models quickly, positioning itself as a gold standard in the industry.
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3.29%
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Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) has announced a new breakthrough AI Powered 3D model search engine that has increased the Company’s 3D modeling productivity by up to 80%. The AI search engine for 3D models, which uses both images and text prompts for search, is expected to lead to significant revenue growth in 2024. The Company plans on releasing its AI search engine in Q1, 2024 for general use and charging on a per use basis. CEO Evan Gappelberg commented that this technology has major growth potential, and the Company expects to release it for general use soon, which will be the launch of the first AI-powered 3D model search engine. The AI learns and becomes progressively more productive as more searches are conducted and the tool is used more frequently. The Company anticipates that the mass-scale adoption of AI in the 3D modeling space will contribute significantly to its growth in the market throughout the year 2024.
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Rhea-AI Sentiment
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11.26%
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Nextech3D.ai (NEXCF) has announced a breakthrough AI-powered 3D model search engine that has increased the company's 3D modeling productivity by up to 80%. The CEO, Evan Gappelberg, believes this technology has major growth potential and plans to release it for general use in Q1, 2024, leading to significant revenue growth. The company has already gone live with its proprietary AI-Powered 3D model search engine and aims to sell it to others, potentially leading to significant revenue and profit growth. Nextech3D.ai is also actively pursuing patents to safeguard its proprietary advancements and is committed to ongoing research and development. The company anticipates that the mass-scale adoption of AI in the 3D modeling space will contribute significantly to its growth in the market throughout the year 2024.
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Rhea-AI Sentiment
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11.26%
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About NEXCF
nextech ar solutions is the engine accelerating the growth of the metaverse. using breakthrough ai, technology the company is able to quickly, easily and affordably aritize (transform) vast quantities and varieties of existing 2d into 3d holograms at scale making products, people and places ready for interactive 3d use, giving creators at every level all the essential tools they need to build out their digital ar vision in the metaverse. our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3d assets and digital environments, compose ar experiences, and publish them omnichannel. with a full suite of end-to-end ar solutions in 3d commerce, education, events, and industrial manufacturing, nextech ar is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. all of this focus is to drive huge roi for the metaverse economy!