Alset AI Provides Update on Majority Acquisition of Cedarcross Technologies and Commentary on DeepSeek AI
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) is advancing toward completing its previously announced acquisition of a 26% stake in Cedarcross International Technologies, which will bring Alset's total ownership to approximately 75%. The acquisition, currently in final due diligence stages, awaits TSX Venture Exchange approval.
In light of recent industry developments, particularly DeepSeek AI's claims of developing a more efficient large language model (LLM), Alset AI reaffirms its commitment to AI infrastructure development. The company emphasizes that despite advancements in model efficiency, the demand for high-performance computing infrastructure remains important for AI innovation. Alset AI is intensifying its investments in AI infrastructure, focusing on scalability, reliability, and cost-effectiveness of AI ecosystems through high-performance computing clusters and next-generation hardware optimizations.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) sta procedendo verso il completamento dell'acquisizione precedentemente annunciata di una partecipazione del 26% in Cedarcross International Technologies, il che porterà la proprietà totale di Alset a circa il 75%. L'acquisizione, attualmente nelle fasi finali di due diligence, attende l'approvazione della TSX Venture Exchange.
In considerazione degli sviluppi recenti del settore, in particolare le affermazioni di DeepSeek AI riguardo lo sviluppo di un modello di linguaggio di grandi dimensioni (LLM) più efficiente, Alset AI riafferma il proprio impegno nello sviluppo delle infrastrutture IA. L'azienda sottolinea che, nonostante i progressi nell'efficienza dei modelli, la domanda di infrastrutture di calcolo ad alte prestazioni rimane fondamentale per l'innovazione nell'IA. Alset AI sta intensificando i propri investimenti nelle infrastrutture IA, concentrandosi sulla scalabilità, affidabilità e cost-effectiveness degli ecosistemi IA attraverso cluster di calcolo ad alte prestazioni e ottimizzazioni hardware di nuova generazione.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) avanza hacia la finalización de su adquisición previamente anunciada de una participación del 26% en Cedarcross International Technologies, lo que llevará la propiedad total de Alset a aproximadamente el 75%. La adquisición, actualmente en las etapas finales de diligencia debida, espera la aprobación de la TSX Venture Exchange.
En vista de los recientes desarrollos en la industria, en particular las afirmaciones de DeepSeek AI sobre el desarrollo de un modelo de lenguaje grande (LLM) más eficiente, Alset AI reitera su compromiso con el desarrollo de infraestructura de IA. La compañía enfatiza que, a pesar de los avances en la eficiencia del modelo, la demanda de infraestructura de computación de alto rendimiento sigue siendo importante para la innovación en IA. Alset AI está intensificando sus inversiones en infraestructura de IA, enfocándose en la escalabilidad, fiabilidad y rentabilidad de los ecosistemas de IA a través de clusters de computación de alto rendimiento y optimizaciones de hardware de próxima generación.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF)는 Cedarcross International Technologies의 26% 지분 인수를 완료하기 위한 작업을 진행하고 있으며, 이를 통해 Alset의 총 소유 지분은 약 75%에 이를 것입니다. 현재 최종 실사 단계에 있는 인수는 TSX Venture Exchange의 승인을 기다리고 있습니다.
특히 DeepSeek AI가 더 효율적인 대형 언어 모델(LLM)의 개발을 주장하는 최근 산업 발전에 비추어, Alset AI는 AI 인프라 개발에 대한 신념을 재확인합니다. 회사는 모델 효율성이 향상되고 있음에도 불구하고 고성능 컴퓨팅 인프라에 대한 수요가 AI 혁신에 매우 중요하다고 강조합니다. Alset AI는 고성능 컴퓨팅 클러스터와 차세대 하드웨어 최적화를 통해 AI 생태계의 확장 가능성, 신뢰성 및 비용 효율성에 집중하여 AI 인프라에 대한 투자를 강화하고 있습니다.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) avance vers la finalisation de son acquisition précédemment annoncée d'une participation de 26 % dans Cedarcross International Technologies, ce qui portera la propriété totale d'Alset à environ 75 %. L'acquisition, actuellement dans les dernières étapes de diligence raisonnable, attend l'approbation de la TSX Venture Exchange.
À la lumière des récents développements de l'industrie, en particulier les affirmations de DeepSeek AI concernant le développement d'un modèle de langage de grande taille (LLM) plus efficace, Alset AI réaffirme son engagement envers le développement de l'infrastructure IA. L'entreprise souligne que malgré les avancées en matière d'efficacité des modèles, la demande d'infrastructures informatiques haute performance reste essentielle pour l'innovation en IA. Alset AI intensifie ses investissements dans l'infrastructure IA, se concentrant sur la scalabilité, la fiabilité et la rentabilité des écosystèmes IA grâce à des clusters de calcul haute performance et des optimisations de matériel de nouvelle génération.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) arbeitet daran, die zuvor angekündigte Akquisition eines 26%-Anteils an Cedarcross International Technologies abzuschließen, was Alsets Gesamtanteil auf etwa 75 % bringen wird. Die Akquisition, die sich derzeit in der letzten Due-Diligence-Phase befindet, wartet auf die Genehmigung der TSX Venture Exchange.
Angesichts der jüngsten Entwicklungen in der Branche, insbesondere der Behauptungen von DeepSeek AI, ein effizienteres großes Sprachmodell (LLM) entwickelt zu haben, bekräftigt Alset AI sein Engagement für die Entwicklung von KI-Infrastrukturen. Das Unternehmen betont, dass trotz Fortschritten in der Modell-Effizienz die Nachfrage nach Hochleistungsrechner-Infrastrukturen für Innovationen im Bereich KI nach wie vor wichtig bleibt. Alset AI intensiviert seine Investitionen in KI-Infrastrukturen und konzentriert sich dabei auf Skalierbarkeit, Zuverlässigkeit und Kostenwirksamkeit von KI-Ökosystemen durch Hochleistungsrechner-Cluster und Optimierungen der Hardware der nächsten Generation.
- Acquisition will secure 75% majority ownership in Cedarcross Technologies
- Strategic positioning in growing AI infrastructure market
- Final stages of due diligence reached for major acquisition
- Acquisition closing process taking longer than initially anticipated
- Transaction still pending TSX Venture Exchange approval
VANCOUVER, BC / ACCESS Newswire / January 30, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce progress in its previously announced proposed acquisition of an aggregate
"We are excited to be in the final stages of acquiring majority ownership of Cedarcross Technologies, a significant milestone in Alset AI's journey to becoming an emerging leader in AI computing infrastructure," said Adam Ingrao, CEO of Alset AI. "Cedarcross Technologies is a cornerstone of our long-term vision, and we remain fully committed to delivering value to our shareholders as we work to complete this transformational acquisition. We appreciate the patience of our stakeholders and look forward to providing further updates as we move toward closing."
DeepSeek AI and Reaffirmation of Commitment to AI Computing Infrastructure:
Recent industry developments, particularly DeepSeek AI's claims of developing a large language model (LLM) at a fraction of the cost and computing resources required by industry leaders like OpenAI's ChatGPT, underscore the evolving landscape of artificial intelligence. While advancements in model efficiency continue to shape the sector, Alset AI remains steadfast in its mission to drive AI infrastructure development-recognizing that scalable, high-performance computing remains the backbone of AI innovation.
In response to this rapidly evolving environment, Alset AI is intensifying its investments in AI infrastructure, understanding that efficiency breakthroughs in model training and deployment do not diminish the fundamental need for robust computational power. DeepSeek's announcement highlights a critical reality: as AI capabilities expand, the demand for high-performance hardware, specialized chips, and efficient data processing infrastructure continues to accelerate. Ensuring the scalability, reliability, and cost-effectiveness of AI ecosystems is more important than ever.
"Our vision for Alset AI is centered on advancing the foundational infrastructure that enables the next wave of AI innovation," said Adam Ingrao. "As AI models grow more complex and computational demands increase, we see tremendous opportunities to support this ecosystem by investing in advanced AI infrastructure solutions. From high-performance computing clusters to next-generation hardware optimizations, our focus is on supporting the essential framework that will drive AI forward."
Alset AI's commitment to infrastructure development positions it at the core of AI's future, ensuring that advancements in model efficiency are complemented by the computational power necessary to sustain and scale next-generation artificial intelligence solutions.
On behalf of Alset AI Ventures Inc.
"Adam Ingrao"
Adam Ingrao
Chief Executive Officer
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
For further information about Alset AI Ventures Inc., please contact:
Adam Ingrao, Chief Executive Officer
T: 1-236-312-6744
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things, the anticipated closing date of the acquisition of Cedarcross International Technologies Inc., the Company's expectations regarding its ownership stake in Cedarcross Technologies following the closing of the Acquisition, the Company's plans for investment in AI infrastructure, the anticipated benefits and strategic importance of the Acquisition, and the Company's positioning in response to industry advancements, including DeepSeek AI's developments in large language models (LLMs). These forward-looking statements are based on management's current expectations, estimates, projections, assumptions, and beliefs, including, but not limited to, assumptions regarding regulatory approvals, the Company's ability to complete its due diligence in a timely manner, successful negotiation of definitive agreements, prevailing market conditions, and the Company's ability to secure necessary resources to execute its strategic initiatives.Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. Such risks and uncertainties include, but are not limited to, the risk that the Acquisition may not be completed as planned or at all, regulatory approvals not being obtained in a timely manner or at all, risks related to delays in financial reporting and regulatory consequences thereof, uncertainties regarding AI market conditions and infrastructure investment returns, risks related to the Company's ability to execute its strategic initiatives, and other general business, economic, and competitive uncertainties. Readers are cautioned that the forward-looking statements contained in this news release should not be unduly relied upon. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are provided in reliance on safe harbor provisions of applicable securities laws and should be read with the cautionary statements and risk factors disclosed in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire
FAQ
What percentage stake will Alset AI (ALSCF) own in Cedarcross Technologies after the acquisition?
What is the current status of ALSCF's Cedarcross Technologies acquisition?
How is Alset AI (ALSCF) responding to DeepSeek AI's efficient LLM development?
What is Alset AI's (ALSCF) strategic focus in the AI industry?
