(NEW YORK)-- AI Venturetech, Inc., a technology solutions provider of AI applications, issued a shareholder update on recent developments, and outlook plans for 2020.
The Company continues to move forward in its efforts to fund its data projects, and future public listing on a public exchange. The close of 2019 was a bit challenging as many investors were out of the loop to making any investment decisions between the Thanksgiving and New Year's break. But with the new year now upon us the company plans to resume its efforts with both individual and private equity investors moving forward in Q1 2020. https://aiventuretech.com/investors/
Starting is January 2020, the Company will begin embarking on building its institutional and private equity network of investors here with the New York City region. The Company has already developed a relationship with Network 1 Financial Securities, which is an investment banking firm located at One World Trade Center. Their team of investment bankers, retail brokers, and M&A experts will be a great benefit to any of our future data clients going forward.
In addition, we have established a working relationship with broker-dealer firm Donald Capital, LLC (www.donaldcapital-ny.com), located at 40 Wall Street, through our strategic partnership with ChineseInvestors (OTC:CIIX) to assist in future private placements and syndication of data science related deals.
Recent Strategic Partnerships
Vectorspace AI - We recently announced a collaboration deal with San Francisco based VectorSpace AI to develop commercial products for Hedge Fund and Institutional Trading Desks here in New York City utilizing Vectorspace Artificial Intelligence blockchain technology. www.vectorspace.ai
GTX Corp - We recently signed collaboration deal with GTX Corp (OTC:GTXO) to build IoT and data applications utilizing their wearable tracking products, and platform.
Hammer Fiber Optics - We continue to work with Hammer Fiber (OTC:HMMR) to utilizing their co-location hosting facility for our future data cloud platform, and possible IoT and Smart City network.
AppSwarm - We continue to hold working relationship with AppSwarm (OTC:SWRM) to utilize their newly acquired application development team in India as outsource team for our AI tech lab.
Outlook for 2020
Going forward 2020 will be a very active year for AI Venturetech as we move towards commercial launch of our services and finalize the pieces towards our public listing on US exchange. We are currently in the process of finalizing our financial audits with BF Bodgers, which will allow us to file with the SEC as a fully reporting company, which will leverage our ability to raise larger institutional funding here in Manhattan.
In Q1 2020, the Company plans to really begin building its network of institutional and private equity partnerships. These institutional partners will give us the networking contacts and ability to provide funding to new machine learning and data science startup clients.
In Q1 2020, the Company will continue to expand its strategic collaboration and partnerships with companies in the data, IoT, and telecommunication sectors.
In early Q2 2020, the Company anticipates having all the pieces in place to file its initial S-1 with SEC to begin IPO listing process.
Thomas Bustamante, the Founder & CEO of AI VentureTech, Inc. commented, “We are very excited for what lays ahead for us here in 2020, and feel we now have the pieces in place to build the company into an AI technology solutions provider and research lab. The future growth prospects for AI and data related applications remains strong, and with tech giants like Amazon and Google establishing footprints in Manhattan we feel we are well positioned to take advantage of opportunities and collaborations that are expected to develop in the coming years.”
Smart Home and IoT Applications
Industrial IoT: We now have our own cloud platform to provide industrial IoT services. These include installing sensors on industrial equipment, and agricultural farms to monitor operations. These services could provide large contracts with a specific focus on oil and natural gas, cannabis, and insurance providers.
Smart Home Devices: We signed a deal to manufacture smart home devices under the Deep Sky brand name. These devices include smart light bulbs, smart switches, video doorbells, AC controls, and home security monitoring devices. This will position Deep Sky to become a smart home device company, which can be integrated with Alexa or Google Home in consumer houses. www.deepskyone.com
Data Applications for Hedge Funds
Hedge Fund Applications: We recently signed a collaboration deal with San Francisco based company to develop commercial products off their AI and Machine Learning blockchain for Hedge Funds and Institutional Trading Desks here in New York City. https://www.coingecko.com/en/coins/vectorspace-ai
The team consists of scientific and technical founders with a well-known track record in Silicon Valley. Vectorspace AI maintains a deep understanding of the financial markets having developed algorithms for quantitative information arbitrage opportunities along with running public companies as well as advising hedge funds. Vectorspace AI holds a number of patents in the area of context-controlled Natural Language Processing (NLP) in collaboration with Lawrence Berkeley National Laboratory along with academics that have contributed to leading Google's AI efforts.
This now gives us the capability to develop AI and Machine Learning products for hedge funds and trading desks here in Manhattan, which could result in substantial revenue contracts as the industry looks to continue integrating AI within their trading algorithms to increase performance and investment returns.
AI Healthcare Applications
Through our collaboration we will have the ability to utilize Machine Learning technology to conduct next generation research in areas of drug and gene therapy development for such diseases as cancer, heart disease, and Alzheimer.
In addition to our own internal AI enabled research we will also be able to sell this technology to other biomedical firms seeking to advance their research development by implemented our AI Machine Learning technology.
Fitness Tracking: We signed a deal to launch our own fitness tracker under our own brand name, which we can tie to our own cloud platform for healthcare AI tracking and analysis. This fitness device will put us in competition with likes of Fitbit and could open door for us in Telemedicine. www.deepmedtech.com
A current list of our other projects under development can be found by going to https://aiventuretech.com/projects/
How to Invest in Company
Investment opportunities in AI Venturetech is currently available to ‘accredited’ and institutional investors only, as defined by the SEC. If you would like to learn more about us, or to request an investor packet, please register online at https://aiventuretech.com/investors/
About AI VentureTech
AI VentureTech is an AI research lab and development company that leverages cutting-edge technologies to deliver data-related products and solutions that empower enterprise customers and partners through improving their business eﬃciency, enhancing their value and realizing their digital transformation. Located in New York City, our team of data scientists and engineers can customize AI-powered software and technical solutions for both companies and institutions looking to leverage data and machine learning for greater business value. The Company seeks growth through both collaboration and acquisition of dynamic new start-ups in the areas of business analytics, machine learning, natural language processing (NLP), visualization tools, predictive modeling, and cloud advanced analysis. www.aiventuretech.com
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