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Nexscient (OTCQB:NXNT) has announced the acquisition of AI Media Toolkit, which will be integrated into a Software-as-a-Service platform through its NXNT Labs division. The platform will offer a unified subscription-based service for AI-powered content creation, featuring text generation, image creation, video synthesis, and audio production capabilities.
The new platform aims to simplify access to Generative AI tools, eliminating the need for expensive infrastructure and technical expertise. Users can scale their AI usage based on demand, making it a cost-effective solution for enterprises. The acquisition aligns with Nexscient's strategy to become a leading provider of enterprise AI solutions.
According to industry research cited in the announcement, the Global AI-Powered Content Creation Market is projected to reach $7.9 billion by 2033, with a CAGR of 7.7%. This acquisition positions Nexscient to capitalize on this growing market through recurring subscription revenue.
Nexscient (OTCQB:NXNT) has signed a non-binding Letter of Intent to acquire AI Media Toolkit, a software application offering consolidated Generative AI tools. Through its NXNT Labs division, the company plans to integrate the toolkit into a Software-as-a-Service (SaaS) platform, providing subscribers access to AI capabilities including text generation, image creation, video synthesis, and audio production.
The platform aims to simplify user experience and eliminate the need for expensive infrastructure or technical expertise. According to Custom Market Insights, the Global AI Powered Content Creation Market, valued at $2.3 Billion in 2024, is projected to reach $7.9 Billion by 2033, growing at a 7.7% CAGR. This strategic acquisition positions Nexscient to build a recurring revenue stream while democratizing AI technologies for enterprise content creation.
Nexscient (OTCQB:NXNT) has announced the launch of NXNT Labs, a new business unit focused on accelerating the commercialization of AI-driven enterprise applications. The initiative aims to foster collaboration with corporate partners, academic institutions, and research organizations to drive innovation in AI, quantum computing, and blockchain technologies.
Led by President & CEO Fred E. Tannous, NXNT Labs will provide strategic guidance, financial resources, and industry connections to facilitate the adoption of emerging technologies. While continuing to develop its AegisOne intelligent enterprise application, the company will expand its focus to empower external partners in integrating AI solutions across manufacturing, cybersecurity, and financial technology sectors. The division will also lead developments in Generative AI to advance content creation capabilities.
Nexscient (OTCQB:NXNT), a developer of predictive analytics and intelligent enterprise applications, announced its common stock has been approved for trading on the OTCQB Venture Marketplace. The company has also received DTC eligibility, enabling electronic clearing and settlement of its securities. The OTCQB listing requires companies to meet specific standards including current financial reporting, minimum bid price, and annual verification processes. This move aims to enhance shareholder transparency and liquidity while potentially broadening the company's investor base.
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