on Alset AI Ventures Inc. (CVE:GPUS)
Alset AI's Lyken.AI Secures Purchase Order from Major Tech Company
Alset AI Ventures Inc., a venture company specializing in AI and cloud computing, announced a cloud compute services purchase order for its business Lyken.AI. The order was placed by a leading multinational technology and telecommunications firm, marking the beginning of recurrent revenue for Lyken.AI.
Valued initially at CAD$250,000 for three months, there is potential for the order to be renewed quarterly throughout 2026, generating an estimated CAD$1 million annually. This order highlights increased demand for Lyken.AI's comprehensive AI solutions. Lyken.AI anticipates further growth in this client relationship over time.
Kurtis Krack, President of Lyken.AI, expresses confidence in their market position, noting that this contract validates demand for their full-service AI model. This engagement is seen as a stepping stone for revenue scaling and growth.
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