Nextech3D.ai Launches AI Incubator and AI Acquisition & Development Division for Future Growth

TORONTO, ON, March 12, 2024 – Nextech3D.ai, a key player in providing Generative AI-Powered 3D models to major e-commerce retailers like Amazon, P&G, and Kohls, has announced the commencement of its AI Incubator and AI Development Division. This move is seen as a major step in the company's journey towards advancing artificial intelligence technology. The division aims to spearhead the development of AI solutions to improve the human experience across a wide range of sectors.

Leading the charge of this innovative division are three AI scientists, under the guidance of CEO Evan Gappelberg and former Microsoft executive Hareesh Achi. The team is focused on creating AI-powered tools and applications that promise to be not only groundbreaking but also ethically responsible and sustainable.

In an exciting development for shareholders, Nextech3D.ai has revealed plans to spin out successful AI technologies as independent public companies, following the model of its previous spin-outs, Toggle3D.ai and ARway.ai. This strategic approach underlines the company's commitment to maximizing shareholder value and fostering a robust ecosystem of technology ventures.

The newly established division is actively working on several projects and stands as a testimony to Nextech3D.ai's dedication towards pushing the boundaries of AI and 3D technology integration. With plans for future acquisitions and the potential for a 2024 IPO spinout, Nextech3D.ai is positioning itself at the forefront of AI and technological innovation.