Mr. Evan Gappelberg reports

NEXTECH3D.AI'S AI SEARCH ENGINE POWERED BY NVIDIA GPUS ACCELERATING IT'S PRODUCTION OF 3D MODELS

Nextech3D.AI Corp.'s proprietary artificial-intelligence-powered 3-D model search engine launched in Q1 2024. This innovative AI 3-D model search engine uses AI-powered by Nvidia's GPUs (graphics processing units) to speed up and scale up operations for the 3-D modeling process. The AI search engine uses images to search Nextech's internal library of 3-D models and meshes then recommends a close match to the given image. The company is pleased to report that as a direct result of this AI search engine it is achieving as high as 40-per-cent increase in production thus increasing the number of 3-D models the company can produce. The company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3-D models, which it sees as a significant growth market in 2024.

As a leading 3-D model supplier for e-commerce and AR, Nextech3D.AI recognizes the challenges faced by 3-D artists and the time required in building intricate designs from scratch. To address these challenges the company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech's vast 3-D model library of 200,000-plus 3-D models with similar colours, textures and shapes. This AI 3-D model search engine was created in-house by the company's team of AI engineers and scientists, showcasing the company's technical strength and expertise.

Chief executive officer of Nextech3D.AI Evan Gappelberg commented: "We are investing in our AI capabilities to stay competitive in the 3-D model market and we see our AI search engine as just one of our investments that are paying off. Our AI-powered search engine enabling our production to increase by as much as 40 per cent represents a giant step forward in our company's ability to scale production of 3-D models. By combining our five years of technical expertise in the 3-D modelling industry with our new AI capabilities, we're enabling our production capabilities to rapidly scale up and move ahead in 2024. Our patented and patent pending AI along with new Nvidia GPU tech is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3-D business in 2024."

Some other notable investments in AI that are in the news:

Meta has purchased 500,000 more AI GPUs for a total of one million AI GPUs, which is valued at $30-billion.

OpenAI CEO Sam Altman plans to spend $50-billion a year on AGI development (artificial general intelligence) by using 720,000 Nvidia H100 AI GPUs that cost a hefty $21.6-billion.

Microsoft is aiming for 1.8 million AI GPUs by the end of 2024, while OpenAI wants to have 10 million AI GPUs before the end of the year.

Key features of the mesh search tool include:

Advanced AI algorithms: Nextech3D.AI integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3-D artists can find the matches they need in seconds.

Intuitive user interface: The user-friendly interface offers a seamless experience built directly into the company's platform, allowing 3-D artists to search the vast 3-D model library quickly and effortlessly.

Comprehensive mesh database: An extensive and continuously expanding database of hundreds of thousands of 3-D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.

This new tool leverages artificial intelligence algorithms to enable 3-D artists to effortlessly navigate and locate specific 3-D meshes, streamlining workflows and saving valuable time while increasing productivity.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) 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).

Notably, Nextech3D.AI successfully spun out ARway, its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech3D.AI shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai, an AI-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai Corp.

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