on Alset Capital Inc. (CVE:KSUM)
Alset AI Ventures Secures Full Ownership of Cedarcross Technologies
Alset AI Ventures Inc., an artificial intelligence venture company, has completed its acquisition of Cedarcross International Technologies Inc., gaining full ownership of the private AI cloud computing firm, now branded as Lyken.AI. The acquisition involved exchanging 7,000,000 of Alset AI's common shares for the remaining 25% of Cedarcross shares.
This strategic move positions Alset AI for market growth through the upcoming full-scale commercial launch of Lyken.AI, supported by a new corporate website. The company is actively engaging with strategic partners to expand the Lyken platform's ecosystem, meeting rising domestic demand for AI compute resources.
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