- Alset AI Ventures Inc. (GPUSF, Financial) is expanding its Lyken.AI platform to bridge Canada's AI computing infrastructure gap.
- CEO Adam Ingrao shows confidence by purchasing 250,000 shares at $0.135 each.
- The company extended its investor relations agreement with Machai Capital Inc. for $400,000, pending approval.
Alset AI Ventures Inc. (GPUSF) is making strides to address Canada's lack of AI computing infrastructure through its enhanced Lyken.AI platform. The initiative seeks to fortify Canada's position in global AI infrastructure, currently controlling only 1% compared to the United States' 11% and Japan's 8%. This expansion is supported by strategic partnerships with Silver Birch Growth and Excel Computility, focusing on the integration of NVIDIA GPU clusters.
The company's endeavors align with the Canadian Government's AI Sovereign Compute Strategy, launched in April 2024, to ensure data residency and privacy. In a show of confidence in Alset AI's direction, CEO Adam Ingrao recently purchased 250,000 shares at a price of $0.135 per share.
To bolster its investor relations, Alset AI has extended its agreement with Machai Capital Inc. for two months, from May 22, 2025, to September 22, 2025, costing $400,000. This agreement extension is awaiting the approval of the TSX Venture Exchange and aims to enhance the company's market visibility and engagement.
