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About Alset AI Ventures Inc. (ALSCF)
Alset AI Ventures Inc. (OTC: ALSCF) is a forward-thinking investment issuer specializing in the technology sector, with a primary focus on artificial intelligence (AI) and cloud computing infrastructure. Headquartered in Vancouver, British Columbia, Alset AI is dedicated to fostering innovation by building a diversified portfolio of high-potential companies that address foundational needs in the AI ecosystem.
Core Business Model
Alset AI operates as a venture capital platform, strategically investing in early-stage startups and established ventures that demonstrate groundbreaking technologies, robust business models, and exceptional leadership. The company primarily focuses on two key areas:
- AI High-Performance Computing (HPC) Infrastructure: Through its flagship portfolio company, Cedarcross International Technologies Inc., Alset AI provides scalable and affordable AI HPC solutions to small and medium enterprises (SMEs). Cedarcross specializes in AI HPC leasing and hardware distribution, leveraging Nvidia GPU-powered servers to democratize access to advanced computing resources.
- Decentralized AI and Emerging Technologies: Alset AI actively explores opportunities in decentralized AI ecosystems, quantum computing, and cryptocurrency. Recent investments in decentralized GPU networks and AI-focused tokens underscore its commitment to advancing innovative technologies.
Strategic Vision and Market Position
Alset AI is uniquely positioned to capitalize on the exponential growth of the AI infrastructure market, which is projected to surpass $150 billion by 2030. By aligning with industry leaders and forming strategic partnerships, the company aims to address critical challenges in the AI sector, including the need for scalable, cost-effective computing solutions. Its recent acquisition of a 75% equity stake in Cedarcross Technologies solidifies its leadership in AI cloud infrastructure.
Key Differentiators
- Portfolio Diversification: Alset AI invests across a spectrum of technologies, including AI software, GPU hardware, and decentralized ecosystems, ensuring a balanced and future-proof portfolio.
- Strategic Partnerships: Collaborations with companies like Blueprint AI and Henon Financial Technologies enhance its ability to deliver tailored AI-driven solutions and expand its market reach.
- Commitment to Innovation: By integrating advanced technologies such as blockchain and quantum computing, Alset AI is shaping the future of AI infrastructure and fostering sustainable growth.
Why Alset AI Matters
As a pioneering force in AI and cloud computing, Alset AI Ventures Inc. plays a crucial role in enabling the next wave of technological innovation. Its strategic investments, coupled with a focus on democratizing access to AI infrastructure, position the company as a key enabler of breakthroughs across industries, from healthcare to finance and beyond.
Alset AI Ventures (OTC: ALSCF) has announced a delay in filing its audited annual financial statements for the year ended September 30, 2024. The company missed the required filing deadline of January 28, 2025, due to unforeseen delays following a recent change in bookkeeper, which has caused complications in the file transition and audit completion process.
The company expects to file the Annual Financial Filings by March 11, 2025. In response, Alset AI has voluntarily obtained a management cease trade order (MCTO) affecting only the CEO and CFO's ability to trade company securities. Other shareholders can continue trading normally.
Until the financial statements are filed and the MCTO is lifted, Alset AI will issue bi-weekly default status reports in accordance with National Policy 12-203.
Alset AI Ventures has announced strategic acquisitions in the cryptocurrency and decentralized AI computing sectors. The company acquired 12,868 io.net (IO) tokens at an average cost of approximately C$4.30 (USD$3.00) per token, gaining exposure to the world's largest decentralized AI computing network. The transaction was executed through WonderFi Technologies' Bitbuy platform.
Additionally, Alset AI purchased 185.2 Solana (SOL) tokens on January 14, 2025, as part of its strategy to diversify its balance sheet before the IO token acquisition. These investments align with the company's commitment to advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that promote technology democratization.
Edge Total Intelligence (TSXV: CTRL, OTCQB: UNFYF) has appointed Michael Ostrom, Managing Director of TrailRunner International, to its Industry Advisory Council. This marks the second addition to what will become a team of 5-7 advisors working with CEO Jim Barrett, who leads Forbes Tech Council's Digital Twin Group.
Ostrom brings over 20 years of experience in strategic solutions for engineering, transportation, and technology industries. He holds multiple patents related to behavioral, demographic, and spatial data applications, including work on predictive traffic models and traffic light prediction systems. His expertise spans autonomous vehicles, electrification, and digital transformation.
The Industry Advisory Council aims to accelerate the deployment of edgeCore™ digital twin solutions, enhancing situational awareness for commercial and government customers. Ostrom, a Yale School of Management alumnus and former CEO/CIO, will focus on advancing capabilities in engineering, transportation, and technology sectors while introducing new customers.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a strategic initiative to acquire decentralized AI ecosystem tokens. The initiative aligns with the company's focus on advancing AI high-performance computing solutions through its investment in Cedarcross International Technologies.
The token acquisition strategy aims to:
- Focus on tokens supporting decentralized AI ecosystems
- Enable participation in governance and development of decentralized AI technologies
- Prioritize tokens aligned with Alset's updated investment policy from December 23, 2024
- Emphasize interoperability, data sovereignty, and scalable computation supported by GPUs
Future plans include potential participation in decentralized AI networks, exploring blockchain project collaborations, and evaluating token-based incentive mechanisms.
Alset AI Ventures (TSXV:GPUS)(OTC:ALSCF) has expanded its investment policy to include decentralized AI, quantum AI, quantum computing, and cryptocurrency opportunities. The company aims to leverage these technologies through its flagship portfolio company, Cedarcross International Technologies, which provides Nvidia GPU-powered infrastructure for AI model training to SMEs.
Alset AI recently announced plans to increase its ownership in Cedarcross Technologies to approximately 75%, strengthening its position in AI cloud infrastructure. The company views these emerging technologies as interconnected components essential for next-generation AI development, focusing on creating accessible, powerful, and transformative solutions.
Alset AI Ventures (TSXV:GPUS, OTC:ALSCF) has announced a strategic investment in Blueprint AI Technologies, acquiring an 11.56% equity stake for $150,000. Blueprint AI develops AI solutions for real estate, focusing on automating architectural drawing reviews and building code compliance. The deal includes a commitment for an additional $200,000 investment contingent on Blueprint AI raising at least $400,000 in its next financing round.
The partnership includes Alset AI serving as strategic advisor, with CEO Adam Ingrao appointed as Board Observer. Alset AI can receive up to 555,532 additional shares upon achieving specific milestones. The companies are exploring a potential alliance where Alset's portfolio company, Cedarcross Technologies, could become Blueprint AI's exclusive cloud computing provider.
Alset AI Ventures has announced the acquisition of an additional 26% stake in Cedarcross Technologies, bringing its total ownership to approximately 75%. The deal, valued at $1.7M, involves issuing 22.7M shares at $0.075 per share.
Cedarcross Technologies operates through two main verticals: AI HPC Leasing, providing SMEs with access to Nvidia GPU-powered computing infrastructure, and AI HPC Hardware Distribution through partnership with Earthmade Computer Corp., an authorized Super Micro distributor.
The company has strategic partnerships with Earthmade for HPC server supply and Ceti AI, which has an option to purchase up to 200 servers. The acquisition is expected to close around December 16, 2024, subject to TSXV approval.
Alset AI Ventures has appointed Jonathan Yan CPA, CA as its new Chief Financial Officer, effective November 1, 2024. The announcement was made on December 4, 2024, for the company which trades on multiple exchanges including TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange.
Alset AI Ventures announces the full repayment of a secured loan from portfolio company Cedarcross International Technologies. The repayment includes the principal amount of $3.7 million plus accrued interest of $224,815.75. This transaction significantly strengthens Alset AI's balance sheet, providing enhanced liquidity for new investments in AI technology and cloud computing ventures. The company plans to use the returned capital to expand its AI venture portfolio and pursue strategic growth opportunities in alignment with its investment policy.
Alset AI Ventures has appointed Adam Ingrao as its new Chief Executive Officer, effective November 18, 2024. Ingrao brings extensive leadership experience from companies including Reebok, Ralph Lauren, NFL, and Dorel Industries. Most recently, he served as President & CEO of Microcel , leading to its successful strategic sale in July 2024. Former Interim CEO Zelong (Roger) He will transition to the role of Chief Investment Officer while maintaining his position as Director. The company focuses on advancing innovation through strategic investment and cloud computing solutions.
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