DatChat Acquires Advanced AI Tool to Enhance Myseum Platform
DatChat, Inc. (NASDAQ: DATS) has announced the acquisition of an AI-driven media organization tool to enhance its Myseum platform. The proprietary software, compatible with leading AI models like Gemini, OpenAI, and Claude, will be integrated into Myseum, set for release in Fall 2024. This strategic addition aims to redefine digital legacy management by allowing users to create a multi-tiered social media ecosystem within a secured family network for storage and sharing.
The AI tool specializes in managing media libraries through intelligent tagging and renaming of images and media files. DatChat acquired the source code and complete rights to this technology through an asset purchase agreement on August 27, 2024, in exchange for 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat. This acquisition aligns with DatChat's mission to help users manage their digital legacies and use AI to bring ancestral history to life.
DatChat, Inc. (NASDAQ: DATS) ha annunciato l'acquisizione di un strumento di organizzazione media basato su AI per migliorare la propria piattaforma Myseum. Il software proprietario, compatibile con i principali modelli di AI come Gemini, OpenAI e Claude, sarà integrato in Myseum, previsto per il rilascio in Autunno 2024. Questa aggiunta strategica mira a ridefinire la gestione dell'eredità digitale, consentendo agli utenti di creare un ecosistema di social media a più livelli all'interno di una rete familiare sicura per lo stoccaggio e la condivisione.
Lo strumento AI è specializzato nella gestione delle librerie multimediali tramite etichettatura intelligente e rinominazione di immagini e file multimediali. DatChat ha acquisito il codice sorgente e i diritti completi su questa tecnologia tramite un accordo di acquisto di attivi il 27 agosto 2024, in cambio di 8.000.000 azioni riservate di Dragon Interact, Inc., una controllata di maggioranza di DatChat. Questa acquisizione è in linea con la missione di DatChat di aiutare gli utenti a gestire le loro eredità digitali e utilizzare l'AI per riportare in vita la storia ancestrale.
DatChat, Inc. (NASDAQ: DATS) ha anunciado la adquisición de una herramienta de organización de medios impulsada por IA para mejorar su plataforma Myseum. El software propietario, compatible con modelos de IA líderes como Gemini, OpenAI y Claude, se integrará en Myseum, programado para su lanzamiento en Otoño 2024. Esta adición estratégica busca redefinir la gestión del legado digital al permitir a los usuarios crear un ecosistema de redes sociales multinivel dentro de una red familiar segura para almacenamiento y compartición.
La herramienta de IA se especializa en la gestión de bibliotecas multimedia mediante etiquetado inteligente y renombrado de imágenes y archivos multimedia. DatChat adquirió el código fuente y los derechos completos sobre esta tecnología a través de un acuerdo de compra de activos el 27 de agosto de 2024, a cambio de 8,000,000 acciones restringidas de Dragon Interact, Inc., una subsidiaria de propiedad mayoritaria de DatChat. Esta adquisición está alineada con la misión de DatChat de ayudar a los usuarios a gestionar sus legados digitales y utilizar IA para dar vida a la historia ancestral.
DatChat, Inc. (NASDAQ: DATS)는 Myseum 플랫폼을 개선하기 위해 AI 기반 미디어 조직 도구를 인수했다고 발표했습니다. 이 독점 소프트웨어는 Gemini, OpenAI 및 Claude와 같은 주요 AI 모델과 호환되며, 2024년 가을에 출시될 Myseum에 통합될 예정입니다. 이 전략적 추가는 사용자가 안전한 가족 네트워크 내에서 저장 및 공유를 위한 다단계 소셜 미디어 생태계를 만들 수 있도록 하여 디지털 유산 관리의 방식을 새롭게 정의하는 것을 목표로 하고 있습니다.
AI 도구는 지능적인 태깅 및 이미지와 미디어 파일의 이름 바꾸기를 통해 미디어 라이브러리를 관리하는 데 전문화되어 있습니다. DatChat은 2024년 8월 27일 자산 구매 계약을 통해 이 기술의 소스 코드와 완전한 권리를 인수했으며, 그 대가로 DatChat의 대다수 소유 자회사인 Dragon Interact, Inc.의 8,000,000 제한 주식을 제공했습니다. 이 인수는 사용자가 디지털 유산을 관리하고 AI를 활용하여 조상의 역사를 생생하게 만드는 것을 돕겠다는 DatChat의 사명과 일치합니다.
DatChat, Inc. (NASDAQ: DATS) a annoncé l'acquisition d'un outil d'organisation de médias basé sur l'IA pour améliorer sa plateforme Myseum. Ce logiciel propriétaire, compatible avec les principaux modèles d'IA tels que Gemini, OpenAI et Claude, sera intégré dans Myseum, dont la sortie est prévue pour automne 2024. Cet ajout stratégique vise à redéfinir la gestion de l'héritage numérique en permettant aux utilisateurs de créer un écosystème de médias sociaux à plusieurs niveaux au sein d'un réseau familial sécurisé pour le stockage et le partage.
L'outil IA se spécialise dans la gestion des bibliothèques multimédias grâce à un étiquetage intelligent et au renommage d'images et de fichiers multimédias. DatChat a acquis le code source et les droits complets sur cette technologie par le biais d'un accord d'achat d'actifs le 27 août 2024, en échange de 8 000 000 actions restreintes de Dragon Interact, Inc., une filiale à majorité détenue par DatChat. Cette acquisition est conforme à la mission de DatChat d'aider les utilisateurs à gérer leur héritage numérique et à utiliser l'IA pour donner vie à l'histoire ancestrale.
DatChat, Inc. (NASDAQ: DATS) hat die Akquisition eines KI-gesteuerten Medienorganisationstools zur Verbesserung seiner Myseum-Plattform angekündigt. Die proprietäre Software, die mit führenden KI-Modellen wie Gemini, OpenAI und Claude kompatibel ist, wird in Myseum integriert, das für die Veröffentlichung im Herbst 2024 geplant ist. Dieser strategische Zusatz zielt darauf ab, das digitale Erbmanagement neu zu definieren, indem Benutzer ein mehrstufiges Social-Media-Ökosystem innerhalb eines gesicherten Familiennetzwerks für Speicherung und Teilen erstellen können.
Das KI-Tool spezialisiert sich auf die Verwaltung von Mediatheken durch intelligente Tagging- und Umbenennungsfunktionen für Bilder und Mediendateien. DatChat erwarb den Quellcode und die vollständigen Rechte an dieser Technologie durch einen Asset-Kaufvertrag am 27. August 2024, im Austausch gegen 8.000.000 beschränkte Aktien von Dragon Interact, Inc., einem mehrheitlich im Besitz von DatChat befindlichen Tochterunternehmen. Diese Akquisition steht im Einklang mit der Mission von DatChat, den Benutzern zu helfen, ihre digitalen Erbschaften zu verwalten und KI zu nutzen, um die Ahnenhistorie zum Leben zu erwecken.
- Acquisition of AI-driven media organization tool enhances DatChat's technological capabilities
- Integration with leading AI models like Gemini, OpenAI, and Claude
- Strategic addition to Myseum platform, expanding DatChat's digital legacy management offerings
- Potential for improved user experience in organizing and sharing digital content
- Dilution of Dragon Interact, Inc. shares due to issuance of 8,000,000 restricted shares for the acquisition
Insights
DatChat's acquisition of an AI-driven media organization tool marks a strategic move in the digital legacy management space. The integration of this AI technology into the Myseum platform could potentially revolutionize how users manage and share their digital memories. By leveraging advanced AI models like Gemini, OpenAI and Claude, DatChat is positioning itself at the forefront of AI-powered social media solutions.
The ability to intelligently tag and rename media files en masse addresses a significant pain point for users dealing with large digital libraries. This feature could be a game-changer for Myseum, differentiating it from other digital storage platforms. However, the true value of this acquisition will depend on the seamless integration of the AI tool and its user-friendly implementation within the Myseum ecosystem.
While the potential is significant, investors should note that the success of this integration and its impact on DatChat's market position remain to be seen when Myseum launches in Fall 2024. The acquisition's cost effectiveness, paid in restricted shares of a subsidiary, minimizes immediate financial impact but ties the deal's value to the subsidiary's future performance.
The acquisition, financed through 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat, represents a non-cash transaction. This strategy preserves DatChat's cash reserves while potentially aligning the acquired technology's success with the subsidiary's value. However, the true financial impact of this deal hinges on Dragon Interact's future valuation and performance.
Investors should consider that while this acquisition could enhance DatChat's product offering, its immediate financial benefits are not quantifiable. The revenue potential of the enhanced Myseum platform remains speculative until its launch and subsequent market reception. Additionally, the dilutive effect of issuing 8 million new shares in the subsidiary could impact future earnings per share, depending on Dragon Interact's ownership structure and performance.
From a market perspective, this move positions DatChat in the growing digital legacy management sector, which could open new revenue streams. However, the competitive landscape and DatChat's ability to monetize this enhanced platform effectively will be important factors to monitor post-launch.
DatChat expands its capabilities with the acquisition of an AI-driven media organization tool, set to redefine digital legacy management
New Brunswick, NJ, Aug. 29, 2024 (GLOBE NEWSWIRE) -- DatChat, Inc. (NASDAQ: DATS), a secure messaging, metaverse, and social media company, announced today it has entered into an asset purchase agreement to acquire the source code and complete rights to an artificial intelligence (AI) tool designed for media library organization. This proprietary software, which integrates seamlessly with leading AI models like Gemini, OpenAI, and Claude, will enhance DatChat's ongoing commitment to providing secure, user-friendly digital legacy solutions through its Myseum platform. Once integrated, it will allow Myseum users to create a multi-tiered social media ecosystem with their family via a secured family network for storage and sharing.
The acquired AI tool is specifically tailored to manage media libraries by intelligently tagging and renaming images and media files, either in mass or individually. This acquisition is a strategic addition to DatChat’s Myseum platform, slated for release in Fall 2024. The integration of this AI technology will empower Myseum users to organize and curate their digital content, ensuring that their most treasured memories are preserved and easily accessible.
“We think the acquisition of this AI tool represents a significant step forward in our mission to create and help users manage their digital legacies and use AI to bring their ancestorial history to life” said Darin Myman, Chief Executive Officer of DatChat, Inc. “With more personal media being generated than ever before, there’s a critical need for innovative solutions that enable secure and meaningful sharing. By integrating this AI technology into our Myseum platform, we will provide users with a robust solution for organizing and sharing their digital collections in a way that we believe is both safe and intuitive.”
The acquisition was made pursuant to an asset purchase agreement on August 27, 2024, for total consideration of 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat. This strategic investment demonstrates DatChat’s dedication to enhancing its core offerings and expanding its technological capabilities.
About DatChat, Inc.
DatChat, Inc. is a secure messaging, metaverse, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. The DatChat Messenger & Private Social Network presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. DatChat's patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient's device, while feeling secure that at any time, they can delete individual messages or entire message threads, making it like the conversation never happened.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
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