Business
Alset AI's Lyken.AI Secures Cloud Compute Services Purchase Order from Leading Multinational Technology and Telecommunications Company
Expected to Generate $1 Million of Recurring Revenue on an Annualized Basis VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 3, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company"), an artificial ...
About this update from Alset Ai Ventures Inc
[{"type":"text","content":"Expected to Generate $1 Million of Recurring Revenue on an Annualized Basis","length":75,"tagName":"p"},{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 3, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company"), an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that Cedarcross Technologies Inc., operating under the brand Lyken.AI ("Lyken.AI"), its flagship AI business, has secured a cloud compute services purchase order dated February 2, 2026 with an initial three-month order from a leading multinational technology and telecommunications company.","length":650,"tagName":"p"},{"type":"text","content":"The initial three-month purchase order is valued at approximately CAD$250,000. This engagement marks Lyken.AI's entry into recurring commercial revenue generation for its cloud compute capabilities and underscores a potential for strong and growing demand for its full-service AI solutions. The Company expects the client to renew every three months, with the client indicating clear intent to renew quarterly throughout 2026. This is expected to generate approximately CAD$1 million in annualized revenue for Lyken.AI, providing a stable recurring revenue base. Lyken.AI anticipates continued revenue growth in this client relationship over time.","length":651,"tagName":"p"},{"type":"text","content":""We are thrilled to secure this strategic client win with a multinational technology and telecommunications leader," said Kurtis Krack, President of Lyken.AI. "This recurring contract marks the beginning of meaningful revenue scaling for Lyken.AI, validating market demand for our full-service model that combines end-to-end cloud compute services with tailored AI deployment. This engagement underscores our confidence in our ability to grow."","length":464,"tagName":"p"},{"type":"text","content":"For more information about Lyken.AI, to explore customer or partnership opportunities, or to schedule a consultation, please visit https://www.lyken.ai/.","length":153,"tagName":"p"},{"type":"text","content":"About Alset AI Ventures Inc.","length":28,"tagName":"p"},{"type":"text","content":"Alset AI is an ...