Mr. Evan Gappelberg reports

NEXTECH3D.AI LAUNCHES NEXT ERA OF GPT AI 3D SOLUTIONS LED BY FORMER MICROSOFT EXECUTIVE

Nextech3D.AI is launching the next era of GPT (generative pretrained transformer) AI (artificial intelligence) 3-D product solutions of proprietary artificial intelligence algorithms. The initiative will be led by Hareesh Achi, former Microsoft executive, who is Nextech3D.ai's current head of product operations. The company believes that the AI opportunity is in the early stages, and that the shift from 2-D to 3-D modelling for e-commerce is part of a major multidecade transformation that is being led by AI. The company is working on annual enterprise licensing deals for its suite of GPT AI solutions for 3-D models and 3-D maps.

The initial suite includes 12 GPTs:

• GPT 2-D image search engine for 3-D models that delivers 3-D meshes based on 2-D images;
• GPT text-based 3-D search engine that takes text prompts to provide a 3-D mesh based on description;
• GPT that identifies complexity of a model and estimates cost of making a 3-D model based on 2-D image;
• GPT 3-D model analyzer: classifying model categories and generating textual metadata from 3-D models;
• GPT that automatically aligns 2-D floor maps with 3-D scans/point clouds;
• GPT that detects walls/floors in a 2-D image in the company's proprietary decorator tool. This allows changing the colour of your room's walls/floors;
• GPT that can read a selected portion of a 3-D rendering and erase it (magic eraser);
• GPT generating textures and PBR (physics-based rendering) materials from text prompts;
• GPT generating PBR maps from texture/color images;
• GPT texture expansion: expanding a small patch of structured textures into larger, high-resolution textures;
• GPT texture generation form patches: Generating a texture from a small patch for unstructured textures (woods, marbles et cetera);
• GPT generative rendering: Generating alternative renderings/photos from textured and untextured 3-D models using text prompts -- a tool for ideating alternative designs.

Evan Gappelberg, chief executive officer of Nextech3D.ai, commented: "The age of AI is upon us, and we are fully committed to utilizing this transformative technology to advance our business productivity and licensing revenue. Today's launch is only possible due to the years of in-house development of our AI technology, which sits on top of years of the hard work in creating all the data sets that we have produced for some of the largest brands on the planet." He continued: "We are now focused on monetizing this data by using AI algos [algorithms] to create GPTs, which stands for generative pretrained transformers. ChatGPT is an AI-powered conversational agent that utilizes advanced natural language processing and machine learning techniques to engage in human-like conversations. Nextech3D.ai GPT acts like a co-pilot assisting a 3-D artist with our accumulated expertise. We are extremely excited to be part of the AI transformation and by the success of our own GPTs, which we use in house on a daily basis, as we now launch these 12 and develop more valuable GPTs in 2024."

Hareesh Achi, head of product operations at Nextech3D.ai, commented: "I am thrilled about the exciting developments taking place at Nextech, where we are harnessing the power of our advanced AI technology stack to create innovative 3-D GPT tools that significantly enhance productivity, and make it easy to create 3-D environments that complement the growth of augmented reality and virtual reality marketplaces. In addition to this, we are dedicated to sharing our extensive 3-D expertise with both clients and partners alike. It brings me great joy to anticipate the diverse array of 3-D creators who will be able to leverage our cutting-edge technology, empowering them to craft extraordinary 3-D experiences. This is a testament to our commitment to pushing the boundaries of what is possible in the realm of technology and 3-D design with AI and GPT tools."

Mr. Achi has worked at industry titans MSFT and Meta for over a decade, and has a deep-rooted understanding of big technology, coupled with extensive experience in building efficient, scalable and profitable technology operations. Mr. Achi most recently led Meta's Reality Labs product data operations, where he led the expansion of scaled operations for Meta's Reality Labs product portfolio. Prior to that, Mr. Achi held a pivotal role at Microsoft, overseeing the multibillion-dollar Bing ads operations.

Nextech3D.ai is focused on creating a co-pilot that is 3-D centric, using its accumulated 3-D expertise and technology, which the company has been developing over the past five years, as a 3-D model supplier for Amazon, Kohls, P&G, Miele and others.

The suite will offer a series of generative pretrained transformers the company has developed, similar to OpenAI. The recent announcement by OpenAI of enabling users to create custom GPTs without any coding requirement has sparked a wave of creativity in various sectors. Similar to OpenAI, Nextech3D.ai is creating 3-D GPTs itself, which it plans to licence to others.

The company plans to monetize its suite of GPTs by licensing it to the public for general use through a paid subscription, or on a per-use basis to use a specific GPT, depending on the individual user's needs. This has significant revenue potential for the company as its GPTs can perform a variety of different tasks for various use-cases, including 3-D modelling, 3-D model texturing, AI texture generation, digital floor mapping, 3-D decorating, resolution expansion and much more. These GPTs can serve countless functions and job roles, including architects, interior designers, 3-D modellers, product designing and prototyping, product variations, event organizers, trade show floor plans, and more.

About GPTs

GPTs are engineered to be user-friendly, facilitating their creation without the necessity of programming skills. They can be customized for personal use, exclusive corporate application or for public utility.

The creation process is intuitive, involving simple conversational commands to impart instructions and knowledge, as well as to select functionalities such as Web searching, image generation or data analysis.

The company plans to build many of these GPTs that enable users to have 3-D expertise at their fingertips, turning everyone into a 3-D expert. The goal of these is to:

• Reduce the learning curve and enable easier creation of 3-D models.
• Provide 3-D expertise at your fingertips for every user who aspires to build and texture 3-D models.
• Improve productivity, increase quality and drive revenue growth.

Recent news:

• Nextech3D.ai lands $1.8-million 3-D modelling deal with Nasdaq 100 technology company;
• Nextech3D.ai reports $5-million in 2023 revenue, growth up plus 56 per cent -- preliminary unaudited results;
• Nextech3D.ai's breakthrough AI-powered search engine able to deliver a 500-per-cent increase in productivity;
• Nextech3D.ai's breakthrough AI-powered search engine reports an 80-per-cent increase in 3-D modelling productivity.

About Nextech3D.ai Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spinout strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout, without dilution to the parent company Nextech3D.ai.

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