Genesis Updates Wildfire and Mining Modules Strategy and Software
Genesis AI Corp (CSE: AIG) (OTCQB: AIGFF) has developed AI-driven solutions focusing on wildfire risk assessment and mineral exploration. The company's main platform, Wildfire Defense Solutions, uses AI and machine learning to create digital models of forests and communities, helping stakeholders make data-driven decisions in managing wildfire risks.
The company serves municipalities, insurance companies, and First Nations with wildfire prevention solutions, emphasizing pre-incident data analysis. In 2024, Canada lost 12.5 million acres to wildfires (2.7 million in BC), while 2023 saw 40 million acres burned (7.2 million in BC).
A 2024 report by the Canadian Association of Fire Chiefs revealed that only 18% of surveyed fire departments had adequate funding or equipment for wildfire fighting, with one-third lacking proper training or mutual aid agreement capabilities.
Genesis AI Corp (CSE: AIG) (OTCQB: AIGFF) ha sviluppato soluzioni basate sull'IA focalizzate sulla valutazione del rischio di incendi boschivi e sull'esplorazione mineraria. La piattaforma principale dell'azienda, Wildfire Defense Solutions, utilizza l'IA e l'apprendimento automatico per creare modelli digitali di foreste e comunità, aiutando le parti interessate a prendere decisioni basate sui dati nella gestione dei rischi di incendio.
L'azienda serve comuni, compagnie assicurative e le Prime Nazioni con soluzioni di prevenzione degli incendi, enfatizzando l'analisi dei dati pre-incidenti. Nel 2024, il Canada ha perso 12,5 milioni di acri a causa di incendi (2,7 milioni in BC), mentre nel 2023 sono stati bruciati 40 milioni di acri (7,2 milioni in BC).
Un rapporto del 2024 dell'Associazione canadese dei capi dei pompieri ha rivelato che solo il 18% dei dipartimenti antincendio intervistati aveva finanziamenti o attrezzature adeguate per la lotta agli incendi boschivi, con un terzo che mancava di un'adeguata formazione o capacità di accordo di mutua assistenza.
Genesis AI Corp (CSE: AIG) (OTCQB: AIGFF) ha desarrollado soluciones impulsadas por inteligencia artificial centradas en la evaluación del riesgo de incendios forestales y la exploración mineral. La plataforma principal de la compañía, Wildfire Defense Solutions, utiliza IA y aprendizaje automático para crear modelos digitales de bosques y comunidades, ayudando a las partes interesadas a tomar decisiones basadas en datos en la gestión de riesgos de incendios.
La empresa sirve a municipios, compañías de seguros y Primeras Naciones con soluciones de prevención de incendios, enfatizando el análisis de datos previos al incidente. En 2024, Canadá perdió 12.5 millones de acres debido a incendios forestales (2.7 millones en BC), mientras que en 2023 se quemaron 40 millones de acres (7.2 millones en BC).
Un informe de 2024 de la Asociación Canadiense de Jefes de Bomberos reveló que solo el 18% de los departamentos de bomberos encuestados contaba con financiación o equipo adecuado para combatir incendios forestales, y un tercio carecía de la capacitación o la capacidad de acuerdos de ayuda mutua.
제네시스 AI 코프 (CSE: AIG) (OTCQB: AIGFF)는 산불 위험 평가 및 광물 탐사를 중심으로 한 AI 기반 솔루션을 개발했습니다. 회사의 주요 플랫폼인 산불 방어 솔루션은 AI와 머신 러닝을 활용하여 숲과 커뮤니티의 디지털 모델을 생성하여 이해관계자들이 산불 위험 관리에 있어 데이터 기반 의사 결정을 내릴 수 있도록 돕습니다.
회사는 지자체, 보험 회사 및 원주민에게 산불 예방 솔루션을 제공하며, 사건 전 데이터 분석의 중요성을 강조합니다. 2024년 캐나다는 산불로 인해 1250만 에이커를 잃었고 (BC주에서 270만 에이커), 2023년에는 4000만 에이커가 소실되었습니다 (BC주에서 720만 에이커).
2024년 캐나다 소방 지휘자 협회 보고서에 따르면 조사된 소방서의 18%만이 산불 대응을 위한 적절한 자금이나 장비를 보유하고 있으며, 삼분의 일이 적절한 훈련이나 상호 지원 계약 능력이 부족한 것으로 나타났습니다.
Genesis AI Corp (CSE: AIG) (OTCQB: AIGFF) a développé des solutions axées sur l'IA concentrées sur l'évaluation des risques d'incendie de forêt et l'exploration minière. La principale plateforme de l'entreprise, Wildfire Defense Solutions, utilise l'IA et l'apprentissage automatique pour créer des modèles numériques de forêts et de communautés, aidant les parties prenantes à prendre des décisions basées sur les données dans la gestion des risques d'incendie.
L'entreprise sert les municipalités, les compagnies d'assurance et les premières nations avec des solutions de prévention des incendies, en mettant l'accent sur l'analyse des données avant les incidents. En 2024, le Canada a perdu 12,5 millions d'acres à cause d'incendies de forêt (2,7 millions en Colombie-Britannique), tandis qu'en 2023, 40 millions d'acres ont été brûlés (7,2 millions en Colombie-Britannique).
Un rapport de 2024 de l'Association canadienne des chefs de pompiers a révélé que seulement 18 % des services d'incendie sondés disposaient de financements ou d'équipements adéquats pour lutter contre les incendies de forêt, un tiers manquant de formation adéquate ou de capacités d'accord de soutien mutuel.
Genesis AI Corp (CSE: AIG) (OTCQB: AIGFF) hat KI-gestützte Lösungen entwickelt, die sich auf die Risikobewertung von Waldbränden und die Mineralexploration konzentrieren. Die Hauptplattform des Unternehmens, Wildfire Defense Solutions, nutzt KI und maschinelles Lernen, um digitale Modelle von Wäldern und Gemeinden zu erstellen, die es den Beteiligten ermöglichen, datengestützte Entscheidungen im Umgang mit Waldbrandrisiken zu treffen.
Das Unternehmen bedient Gemeinden, Versicherungsunternehmen und First Nations mit Lösungen zur Brandverhütung und betont die Analyse von Daten vor dem Vorfall. Im Jahr 2024 verlor Kanada 12,5 Millionen Acres durch Waldbrände (2,7 Millionen in BC), während 2023 40 Millionen Acres verbrannt wurden (7,2 Millionen in BC).
- Developed advanced AI solutions for wildfire assessment and mineral exploration
- Operates with a low-cost data analytics team in India
- Serves multiple client segments including municipalities, insurance companies, and First Nations
- Newer market entrant with smaller team compared to competitors
Kelowna, British Columbia--(Newsfile Corp. - January 7, 2025) - Genesis AI Corp. (CSE: AIG) (OTCQB: AIGFF) (the "Company") Genesis AI Corp (Genesis) is a newer player with a smaller but talented team of unique forestry, environment and mineral exploration expertise as compared to its competitors. Genesis has an experienced low-cost data analytics team based in India, with extensive experience in AI/ML and Generative AI. Genesis has developed advanced Ai-driven solutions for wildfire risk assessment and protection, geospatial analysis, forestry management (carbon tool) and a cutting-edge mineral exploration module able to improve exploration drilling target outcomes.
The Company's flagship platform, Wildfire Defense Solutions, leverages AI, machine learning, and data analytics to build digital models of forests and communities, helping all stakeholders make smarter, data-driven decisions in managing natural resources, structures, and people's wellbeing against wildfire risks. Genesis offers municipalities, many businesses including insurance companies, and First Nations, expertise in wildfire and risk mitigation prevention solutions with focus on analyzing data before a wildfire occurs.
In 2024, acres in Canada lost to wildfire totalled 12.5 million acres, including 2.7 million in BC. In 2023 acres in Canada lost to wildfire were even higher at 40 million acres, including 7.2 million in BC (CBC News Interactives. (CBC.ca/newsinteractivefeatures/wildfires-tracker-Canada & BC Wildfire Services App)
A report announced by the Canadian Association of Fire Chiefs in November 2024, "The State of Fire and Emergency Services in Canada (2024)" found that only 18 percent of the more than 600 fire departments surveyed said they had the funding or equipment needed to tackle fighting wildfires. One third didn't have access to adequate training or are able to fulfill mutual aid agreements to pool resources. The report also recommends 'a national fire administration' be established to coordinate between and 'to restimulate the investment in equipment and training. Canada's local fire departments
'https://cdn.ymaws.com/cafc.ca/resource/resmgr/census_2024/report/Final_Census_2024.pdf
About Wildfire Defense Solutions: Genesis announced the launch of the Wildfire Defence Solutions Version 1.2, Sept. 16th This new powerful wildfire tool version brings enhanced features aimed at helping communities, manage wildfire risks more effectively and efficiently. With the integration of advanced machine learning and geospatial data, Wildfire Defence Solutions takes a proactive approach to wildfire prevention and preparedness. This is a cutting-edge AI tool designed to help communities, towns, cities, and governments estimate the costs of building wildfire-resilient infrastructures. The software offers real-time updates on wildfire risks, highlights probable fire paths, and automates Community Wildfire Protection Plans (CWPP), previously done manually every 3-5 years. The platform draws on historical wildfire data, land ownership information, fuel types, and other geospatial datasets to deliver actionable intelligence for both public and private sector stakeholders.
Genesis continues to negotiate with several businesses, communities, cities and First Nations to provide leadership and programming to help mitigate wildfires.
Some of the Key New Features in Wildfire Defence Solutions are:
Weather Data Integration for Informed Decision-Making
Enhanced visualization and analysis of treatment units' layer. Users can toggle the GenAI layer on the map to identify key wildfire risk areas and take actions accordingly.
Improvements to the Map and Table Visualization.
Project List Pagination and Treatment Unit Updates: The Project List now supports pagination, improving user experience when handling large project datasets.
Improved Fire Danger Rating and Fire Weather Index.
Custom Domain Setup: To provide clients with a personalized and professional interface, V1.2 allows the setup of custom domains for a branded web presence.
Quality Improvements: In addition to the new features, this edition has addressed several usability improvements identified by both business analysts and QA teams to ensure the software remains robust and user-friendly.
Mineral Exploration Module: Genesis AI Corp introduced GeoHarmony, as a cutting-edge tool for the mining sector, that focuses on the use of external and internal data to improve workflow, eliminate human error, and ultimately deliver exploration and development drilling targets. Globally, there are over 1 million mining companies Top 50 List of Largest Mining Companies Globally [New 2024 Data], with the top 50 having a combined market capitalization of
Genesis is using proprietary AI and machine learning tools to unlock literal billions of dollars of value from legacy datasets including historic PDF report documents, maps, and logs that are virtually unusable today. GeoHarmony acts a dashboard to access all of this information, making it searchable by metadata, map or polygon, and exporting these links for further use in other platforms.
The database and dashboard then forms the backbone of targeting models, using both the client and other relevant sources of data to narrow where exploration capital could be most efficiently deployed. The prospectivity mapping tool uses a variety of advanced data science processes including SMOTE-GAN, PU, and convolutional neural networks, and using random forest classifier to train, tune hyperparameters, and evaluate for performance. Relational and triangulation factors are also applied in model development to refine the precision of geospatial modelling.
Genesis leverages accepted scientific research to guide model development for gold, silver, copper and uranium exploration. This module will help explorers be more precise in targeting specific drilling targets, using pattern recognition, relational modelling and identifies areas of interest while maintaining data privacy, ultimately revolutionizing decision-making in exploration.
Carbon Module: Genesis introduced TrueForest, in April 2024, which is a groundbreaking forestry module designed to leverage AI and Machine Learning for comprehensive forest inventory. This innovation aims to address industry challenges, eliminate inaccuracies, and provide advanced user tools, all at a fraction of the cost. TrueForest utilizes AI and Machine Learning to create meticulous forest inventories. It will combine remote sensing, conventional datasets, and fieldwork to establish highly accurate forest modules, reducing reliance on outdated data and historical assumptions.
Dev Randhawa commented: "Our team's data science expertise, sourcing data from satellites and drones, plus providing updated modules and software will enable real-time planning and evaluation for any party addressing wildfire risk, making it a critical tool in mitigating the financial, people and environmental costs associated with wildfire disasters. I think we'd all agree the cost from wildfires in Canada has been high as viewed on any front with one of Canada's crown jewels, the town of Jasper, Alberta having
We at Genesis can play a role supporting Canada's fire chiefs and others' efforts to save structures, the environment and lives. We are also open to partnerships and business relationships with others in the wildfire management ecosystem to reduce risk in North America.
For mineral exploration, Genesis's mineral exploration software will enable users to improve exploration targeting leading to improved mining outcomes.
About Genesis AI Corp.: Genesis AI Corp. is committed to developing advanced AI-driven solutions for wildfire protection and improved mineral exploration outcomes. The Company's flagship platform, Wildfire Defense Solutions, leverages AI, machine learning, and data analytics to build digital models of forests and communities, helping stakeholders make smarter, data-driven decisions in managing natural resources and wildfire risks. .
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
For more information, visit www.genesisaicorp.com.
Contact Information: Genesis AI Corp.
1.778.382.7748
ir@genesisaicorp.com
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation . and beliefs, and views of future events. Forward-looking information can be identified using forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. The forward-looking statements are expectations only and are subject to known and unknown, risks, uncertainties and other important factors that could cause actual results of the Company or industry results to differ materially from future results, performance or achievements. Any forward-looking information speaks only as of the date on which it is made, and, except as required by law, Genesis does not undertake any obligation to update or revise any forward-looking information, whether because of new information, future events, or otherwise. New factors emerge from time to time, and it is not possible for Genesis to predict all such factors.
When considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements as set out in the materials we file with applicable Canadian securities regulatory authorities on SEDAR at www.sedarplus.ca including our Management's Discussion and Analysis for the year ended June 30, 2022. These risk factors and other factors could cause actual events or results to differ materially from those described in any forward-looking information.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236233
FAQ
What is Genesis AI Corp's (AIGFF) main product offering?
How many acres were lost to wildfires in Canada during 2024?
What percentage of Canadian fire departments are adequately equipped for wildfires in 2024?
What markets does Genesis AI Corp (AIGFF) target with its wildfire solutions?
