Generative AI Stock Price, News & Analysis

Generative AI Solutions Corp. (AICOF) has announced significant developments in its AI solutions business across multiple sectors. The company has developed several key initiatives:

Maritime Data Intelligence Platform: A comprehensive data lake for the shipping industry built on Microsoft Fabric, offering real-time business data and decision-making tools. The company is in discussions with a large marine piloting association.

AI-Enhanced Laboratory Testing: Partnering with a major testing laboratory to create a secure AI platform that automates Lab Study Plans and toxicology reports.

AI-Driven Scheduling System: A prototype using ECLiPSe for complex scheduling in shipping, logistics, pharmaceutical testing, and sports management.

Insurance Technology Platform: An automated workflow solution for insurance brokers using Anthropic's Claude LLM.

Additionally, GenAI has engaged Fairfax Partners for investor relations services for a 12-month term, including a $25,000 setup fee, $3,000 monthly retainer, and 750,000 stock options at $0.12.

Generative AI Solutions Corp (CSE: AICO, OTCQB: AICOF) has announced proposed amendments to 9,595,531 common share purchase warrants issued during a private placement on June 6, 2023. The key changes include: reducing the exercise price from C$1.65 to C$0.17 per share and extending the expiry date from June 6, 2025 to June 6, 2028.

The amendments require approval from the Canadian Securities Exchange (CSE) and will automatically take effect upon approval. Until the original expiry date, the warrants remain unchanged. These modifications do not apply to warrants issued to finders or agents as compensation, and none of the affected warrants are beneficially owned by related parties or listed on the CSE.

Generative AI Solutions Corp. (CSE: AICO, OTCQB: AICOF) has announced the appointment of Patrick Gray as Chief Executive Officer and director, effective January 6, 2025. Gray, who served as Chief Operating Officer since December 2023, replaces Ryan Selby, who has resigned from his positions as officer and director.

Gray brings significant expertise as President and Founder of an IT service provider specializing in software development, AI and Data Analytics, and legal technology services. The company will convert $145,000 of accrued unpaid fees to common shares and issue 4,000,000 common shares to Selby at $0.09 per share as part of his resignation terms. These shares will be subject to a four-month hold period.

Generative AI Solutions Corp (CSE: AICO, OTCQB: AICOF) announced the termination of its GPU supply agreement with a Silicon Valley-based customer. The original agreement, announced on July 13, 2023, involved MAI Cloud Solutions providing approximately 350,000 hours per year of AI compute services using NVIDIA H100 GPUs. The termination, effective November 5, 2024, was mutually agreed upon due to the agreement's insufficient flexibility in the evolving AI market. Both parties plan to establish a new arrangement where the customer will market the equipment to its users for a sales commission, with remaining revenue flowing directly to GenAI.