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Alset AI Announces Strategic $3 Million Unsecured Term Loan Facility to Advance Flagship Cloud Compute Business Towards Positive Operating Income in 2026
Accessnewswire· 2025-10-17 11:30
Core Insights - Alset AI Ventures Inc. is entering into a non-revolving term loan agreement for up to $3,000,000 to enhance its balance sheet and support revenue growth initiatives [1] Group 1: Financial Strategy - The company is securing an unsecured loan agreement with Mr. Randy Gilling as the lender [1] - The principal amount of the loan is set at $3,000,000 [1] Group 2: Business Focus - Alset AI is focused on advancing innovation through strategic investment and cloud computing solutions [1]
Lyken.AI Accepted as a Cloud Services Provider with a Global Technology Leader
Accessnewswire· 2025-10-02 11:30
Core Insights - Alset AI Ventures Inc. has announced that its cloud compute business, Lyken.AI, has been accepted into the Dell Technologies Canada Partner Program as a Cloud Services Provider [1] Company Developments - Lyken.AI is recognized as a Cloud Services Provider, which allows the company to integrate Dell's enterprise-grade infrastructure, hardware, and services into its platform [1]
Alset AI Enters into Agreement with Global AI Infrastructure Company
Accessnewswire· 2025-09-26 11:30
Group 1 - The core viewpoint of the article highlights Alset AI's strategic move to enhance its capabilities in supporting advanced AI infrastructure solutions through a referral agreement with a leading global AI infrastructure company [1] - The referral agreement, dated September 25, 2025, positions Alset AI as a referral partner, allowing the company to connect prospective clients with larger scale needs to the Referee [1] - This partnership is expected to drive revenue growth and expand global opportunities for Alset AI's flagship platform, Lyken.AI [1]
Alset AI Announces Technology Veteran Kurtis Krack Appointed President of Lyken.AI to Drive Growth
Accessnewswire· 2025-09-16 11:30
Core Insights - Alset AI Ventures Inc. has appointed Kurtis Krack as President of its cloud compute business, Lyken.AI, effective September 15, 2025 [1] - Krack brings over 20 years of experience in the technology sector, with a focus on platform expansion, revenue generation, and large-scale infrastructure solutions [1] Company Overview - Alset AI is an artificial intelligence venture company that focuses on innovation through strategic investment and cloud computing solutions [1] - The company aims to advance its platform-as-a-service (PaaS) expansion and commercial growth strategy under Krack's leadership [1] Leadership Background - Kurtis Krack has previously held positions at Denvr Dataworks Corp., OnX, and EMC/Dell, indicating a strong background in technology and infrastructure [1] - His expertise is expected to contribute significantly to Lyken's infrastructure scaling and overall business strategy [1]