Business
Addentax Group Corp. Continues to Make Significant Strides in Advancing the Automation of Artificial Intelligence Internet Operational Tools
SHENZHEN, China, Aug. 15, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on
About this update from Addentax Group Corp.
[{"type":"text","content":"SHENZHEN, China, Aug. 15, 2023 /PRNewswire/ -- Addentax Group Corp. (\"Addentax\" or the \"Company\") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, and property management and subleasing, has announced significant progress in its collaborative initiative with Games-as-a-Service (\"GaaS\") firms for the development of Artificial Intelligence (\"AI\") Online Operational Tools (referred to as the \"AI project\"), which was launched on June 30, 2023. This advancement signifies a substantial step forward in Addentax's venture into AI innovation.\nThe AI project team has been engaging in strategic discussions with three venture capital firms from the United States and Europe. These discussions, spanning several weeks, have generated substantial enthusiasm within the Venture Capital firms, highlighting the potential inherent in the implementation and commercialization of the AI project in the dynamic landscape of online gaming.\nIn parallel, the AI project team is in the final stages of negotiating a collaborative partnership with an online gaming enterprise based in the United States. This partnership emphasizes the industry's recognition of the transformative capabilities of the AI project. The upcoming integration of the AI project team's innovative tools and products into this gaming enterprise's ecosystem represents a significant step towards enhancing operational efficiency and enriching the user experience.\nThe AI project is set for the imminent launch of its prototype in September 2023, which is aimed at optimizing commercialization strategies and facilitating insightful big data analyses. Furthermore, this debut will be swiftly followed by the introduction of advanced functionalities, including real-time content updates and sustainable profitability enhancements.\nReflecting on the significant strides achieved within a mere two months since the project's inception, Mr. Hong, Chairman, and CEO of Addentax, shared his perspective: \"Our journey within the AI internet sector has been marked by remarkable progress. As Addentax forges ahead, our commitment to diversify our portfolio within the AI space remains steadfast. We are resolute in our mission to deliver enduring value to our valued shareholders in the days ahead.\"\nAbout Addentax Group Corp. Corp.\nAddentax Group Co...