ALSET Capital Inc. (KSUM.V) is an investment issuer that focuses on investing in diversified sectors such as technology, healthcare, industrials, special situations, operating businesses through debt and equity using cash resources or shares of its capital. ALSET Capital is uniquely positioned in the growing AI sector with its 49.0% stake in Cedarcross International Technologies Inc., a company harnessing the power of NVIDIA’s cutting-edge H100 GPUs. This investment places ALSET at the forefront of the AI cloud computing hardware sector, providing significant growth potential in a market driven by insatiable demand for advanced computing capabilities.
ALSET, through Cedarcross, aims to democratize access to these powerful computing resources by leasing them to enterprise clients, a business model that not only meets the growing demand for AI computing but also expects high profitability with gross margins for its compute rental business unit are projected at approximately 80% and a hardware payback period of approximately 1.5 years.
Today, the company announced the formation of its Artificial Intelligence Advisory Board, as well as the appointments of Willy Sun and Michael Gord to its AI Advisory Board.
The AI Advisory Committee will help the Company’s Board of Directors and executives provide strategic advice, expert advice and oversight of the Company’s AI initiatives.
“The appointment of Willy Sun and Michael Gord to our AI Advisory Board marks an important milestone in Alset’s journey to position its investment portfolio to become a leader in AI IT infrastructure and data management solutions,” said Morgan Good, CEO of Alset. “Their combined expertise and leadership will be instrumental in guiding our strategic initiatives and driving innovation in the rapidly evolving field of artificial intelligence.” »
Willy Sun, a seasoned executive with distinguished experience in artificial intelligence (AI) at leading technology companies including Google LLC, Panasonic Holdings Corporation and Huawei Technologies Co., Ltd., brings extensive research and development experience in AI. Willy’s visionary leadership positions him as the ideal candidate to guide Alset in its AI initiatives.
As lead engineer for AI development at Huawei Technologies Lab in 2012 and AI scientist at Panasonic, Willy led initiatives in deep learning applications for speech processing, dialogue and the design of interactive interfaces. Its innovations in real-time monitoring of sensitive content in digital media have set new industry standards for security and compliance.
Serial entrepreneur and Web 3.0 investor Michael Gord brings extensive experience in digital assets. Michael has successfully exited three startups and facilitated four acquisitions. He is an investor with more than 70 portfolio companies, four of which have grown from seed to unicorn status.
Michael is the co-founder and CEO of the GDA group of companies, which focuses on the digital asset capital market and includes GDA Capital, Acronym Asset Management, NFT BAZL and Life DeFi. He is also a founder and board member of Metaverse Group, a metaverse technology company acquired by Tokens.com and later by StoryFire, a SocialFi app with over 2.5 million users.
He also founded Bitcoin Canada, served on the board of directors of the Bitcoin Association of Canada, which was acquired by the Chamber of Digital Commerce, and played a key role in the international expansion of the Blockchain Education Network. Michael was also the first enterprise blockchain developer at TD Bank.
For more information on ALSET Capital and the investment opportunity, be sure to check out Chris Parry’s recent article here.
The stock saw a new uptrend starting in February 2024. We confirmed our first higher low at $0.225. Now the stock is pulling back after posting higher highs. We are now contained within a flag pattern. Wait for a daily candle to close above the upper part of this trendline to confirm a breakout. A close below $0.225 would negate the bullish momentum.
