Nextech Ar Solutions Corp - TGGLF STOCK NEWS

Toggle3D.AI announced significant updates to its platform, introducing a pioneering AI-powered rendering studio. This new feature allows users to produce up to eight high-resolution images (1K to 4K) swiftly, catering to the $129 billion eCommerce product photography market. The platform's pay-as-you-go credit system offers an affordable way to create 3D models and product images, eliminating the need for costly photoshoots. Key benefits include low costs, high-quality images, instant results, versatile angles, eCommerce readiness, and easy customization. The eCommerce product photography market is forecasted to grow to $275.4 billion by 2030, driven by the need for quality visuals in online retail. Toggle3D.AI's technology aims to enhance customer engagement, reduce return rates, and increase conversion rates, providing a comprehensive solution for eCommerce businesses.

Toggle3D.ai has launched an innovative AI-driven CAD Photography Studio aimed at revolutionizing how manufacturers use CAD files. The studio utilizes advanced generative AI algorithms to convert CAD files, apply 4K textures, and publish high-quality 4K 3D models. This technology is particularly beneficial for industries like furniture, automotive, and machinery, allowing rapid prototyping and visualization. With affordable pricing starting at $2 per render, the tool is accessible to manufacturers of all sizes. The market for CAD file-based applications is expected to grow from USD 10.11 billion in 2024 to USD 15.77 billion by 2032, presenting substantial revenue opportunities for Toggle3D.ai.

Toggle3D.ai, an AI-powered 3D modeling company, has secured a significant enterprise deal with a leading jewelry manufacturer. This partnership leverages Toggle's advanced GPT AI technology to convert CAD files into high-quality 4K 3D models. The deal, valued at $100,000 to $300,000 annually, will commence training in June 2024. The jewelry manufacturer plans to process approximately 250,000 CAD files each year, using Toggle's rendering services priced between $2 to $5 per render based on volume. This agreement underscores the growing interest from multiple industries in converting CAD files to photorealistic 2K, 4K, and 8K renders. Toggle3D.ai, in collaboration with Nextech3D.ai and led by CEO Hareesh Achi, aims to drive the AI-driven shift from 2D to 3D modeling in e-commerce, with significant adoption by major brands.

Toggle3D.ai announced the launch of a new AI-powered 3D Model Marketplace featuring over 200,000 models priced between $20 and $95 each. Developed by Nextech3D.ai, these models have generated over $3 million in revenue with a 30% royalty on sales. The platform leverages AI to transform CAD files into high-resolution textures, enabling the creation of 2K, 4K, and 8K renders. Users can purchase and customize models, offering millions of unique combinations. Additionally, the introduction of a content management system (CAM) for 3D files is expected to enhance revenue growth.

Toggle3D.ai appoints Hareesh Achi, an ex-Microsoft executive, as the new CEO and promotes Anum Wagas to CFO. The company prepares for new product launches and rapid growth. Hareesh aims to leverage his tech expertise to drive Toggle3D's AI and 3D technologies forward. Anum Wagas, with a strong financial background, takes over as CFO.

Nextech3D.ai, a leading 2D-3D Generative AI-Powered 3D model supplier, is launching enhanced AI productivity tools including a 3D Cloud, expanded generative AI texturing library, and AI mesh search engine. The company integrates AI capabilities into the Toggle platform to boost 3D modeling productivity, offering a streamlined process for users to customize 3D models using a 2D image. The new features enable Nextech3D.ai to create additional revenue streams and enhance user experience, positioning the Toggle3D platform as a comprehensive solution for various 3D modeling needs.

Toggle3D.ai establishes a new business unit with Nextech3D.ai targeting the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs. The Company aims to revolutionize the industry by licensing its GPT AI tech to global manufacturers, reducing costs and barriers to high-quality 3D modeling. The integration of GPT AI CAD-3D Models, Blockchain Technology, and NFTs offers enhanced customer engagement, authenticity, and ownership in the jewelry sector, catering to digital natives and Generation Z consumers.

Toggle3D.ai expands its AI solution portfolio with a GPT AI virtual photography service, aiming to revolutionize 3D modeling and reduce production costs. The company's parent, Nextech3D.ai, is in talks with major manufacturers for lucrative contracts. Toggle3D's technology enables high-quality 4K 3D models at a fraction of the traditional cost, empowering businesses and e-commerce with scalable and profitable solutions.

Toggle3D.ai, a company utilizing generative AI to enhance 3D modeling, is launching a suite of GPT AI 3D product solutions led by former Microsoft Executive Hareesh Achi. The initiative aims to revolutionize e-commerce by incorporating 3D models and AR shopping. The Company plans to generate revenue through subscription models or per-use basis, targeting professionals like architects and designers.