VANCOUVER, BC, Jan. 6, 2025 /PRNewswire/ – Generative AI Solutions Corp. (“GenAI” or the “Company”) (CSE: AICO) (OTCQB: AICOF) announces that Mr. Patrick Gray has been appointed Chief Executive Officer and a director of the Company, effective January 6, 2025.

Mr. Ryan Selby, the former CEO of the Company, has resigned as an officer and director concurrently with Mr. Gray’s appointment. The Company sincerely thanks Mr. Selby for his contributions and wishes him the greatest success in his further endeavors.

“Mr. Gray is the right leader to move the Company through the next stages of its growth, and I am pleased he is in a position to take over and continue to steer the Company through its next strategic phase,” said Mr. Selby.

Mr. Gray was the Chief Operating Officer of the Company from December 2023 until his appointment as CEO. Mr. Gray is the President and Founder of an IT service provider that specializes in software development, AI and Data Analytics, software implementation services, public sector automation platforms, and legal technology services. The company has extensive expertise in utilizing Artificial Intelligence (AI) and Machine Learning (ML) in expert services to enhance document and data management capabilities.

“I am looking forward to moving into the Chief Executive seat, taking advantage of market conditions to grow the Company’s business and using my industry knowledge and contacts to diversify the Company’s holdings and business lines to drive shareholder value” said Mr. Gray.

In connection with Mr. Selby’s resignation from the Company, the board of directors has agreed to convert to common shares of the Company (the “Accrual Shares”) $145,000 of accrued but unpaid fees owing to Mr. Selby in connection with his service as CEO (the “Accrual Payment”), and to further issue to Mr. Selby 4,000,000 common shares (the “Termination Shares”) as a term of his resignation in accordance with his management services agreement. The Accrual Shares and the Termination Shares will be issued at a deemed price of $0.09 per common share, and will be subject to a four month hold. Mr. Selby will not be entitled to receive any Accrual Shares unless and until he ceases to be an insider of the Company.

On Behalf of the Board of Directors,‎

Patrick Gray

CEO, Director, and Chairman of the Board of Directors

Generative AI Solutions Corp.
Toll-free North America: +1-833-879-7632‎
Outside North America: +1-406-879-7632
info@genai-solutions.com
www.genai-solutions.com

ABOUT GENERATIVE AI SOLUTIONS CORP.

GenAI is a pioneering artificial intelligence company focused on developing a vertically integrated AI solutions business through its proprietary MAI Cloud™ platform, with the development and commercialization of AI-powered tools and solutions for businesses and consumers across multiple industries. At GenAI, our mission is to harness the power of AI to create transformative products and services that benefit business and consumers across various sectors. Our team of talented AI professionals and engineers are dedicated to developing state-of-the-art AI-based solutions that have broad applicability and can be seamlessly integrated into diverse workflows. By leveraging our MAI Cloud™ platform and our expertise in machine learning, natural language processing, and data analytics, we build versatile high-performance tools that redefine efficiency, productivity, and user experience.

For more information on GenAI, please visit www.genai-solutions.com.

Forward-Looking Information and Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.

Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; and the continued growth of the Company; and Company’s ability to continue to meet the requirements of listing of the CSE.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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SOURCE GENERATIVE AI SOLUTIONS CORP.

TAIPEI, Jan. 7, 2025 /PRNewswire/ — TPIsoftware (TWSE: 7781), Taiwan’s leading software company specializing in digital transformation, has rolled out its latest AI-powered Endpoint Anomaly Detection System gadoScout. The system leverages advanced AI technology to analyze potential threats and automate alerting, effectively reducing IT workload and improving operational efficiency through preemptive protection measures.

gadoScout utilizes machine learning to detect anomalies by identifying patterns, behaviors and events that deviate from expected circumstances in a proactive manner. Unlike rule-based methods, which depend on predefined parameters to flag deviations based on predictive models, gadoScout recognizes threat patterns in real-time with improved accuracy and effective false alert prevention. This enables the Site Reliability Engineering (SRE) team to conduct early diagnoses and prompt responses to address system issues.

With flexible architecture and continuous learning mechanism, gadoScout is designed to meet enterprise needs for monitoring and alerting across diverse application scenarios. gadoScout enhances system reliability through preemptive anomaly detection, allowing the SRE team to focus on resolving the real problems that could jeopardize corporate operations instead of coping with falsely-flagged issues. This would significantly shorten the time of detection and resolution, minimizing downtime risks and financial losses while enhancing operational security. In addition, gadoScout features a unified platform that provides integrated contextual insights for seamless collaboration on handling intrusion and efficient cross-team communication.

General Manager of TPIsoftware Yilan Yeh said: “Our ability to deliver success for enterprises stems from our extensive experience and a deep understanding of our customers’ needs. Following the rollout of gadoScout and the product launch of GreenSwift (an AI-driven carbon management platform) in Hanoi, Vietnam, TPIsoftware has completed its product portfolios, including iPaaS middle platform DigiFusion, conversational AI series  SysTalk.ai, sustainability management platform ESGswift, and enterprise security platform GadoSecurity. This shows our ambition to expand the global presence of Taiwan-made software solutions through strategic partnerships with industry leaders remains unwavering.”

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SOURCE TPIsoftware

LAS VEGAS, Jan. 6, 2025 /PRNewswire/ — RayNeo, a global leader in Augmented Reality technology, unveiled its new lineup of AR products at CES 2025, headlined by the flagship RayNeo X3 Pro, the versatile RayNeo Air 3, and the innovative RayNeo V3. These cutting-edge devices showcase the company’s vision to make augmented reality accessible and impactful for consumers and developers worldwide.

RayNeo X3 Pro: Compact Powerhouse for Cutting-Edge AR

The RayNeo X3 Pro, powered by Snapdragon® AR1 Gen 1 Platform from Qualcomm Technologies, Inc., is a pair of binocular, full-color micro-LED optical waveguide AR glasses weighing under 3 ounces. The lightweight and compact size of the X3 Pro has been accomplished in part by using waveguide solutions from Applied Materials, which also allowed the X3 Pro to achieve high efficiency, rainbow-free visuals, and superior color uniformity. The Snapdragon processor features the Qualcomm® Hexagon™ NPU, which delivers powerful AI capabilities. Equipped with RayNeo’s proprietary ultra-compact optical engine—the world’s smallest mass-producible full-color micro-LED optical engine—the X3 Pro delivers an exceptional 2,500 nits of brightness, superior optical clarity, and all-day wearability. This compact optical engine sets a new standard in AR technology with its high definition, brightness, contrast, and production efficiency.

In addition to its groundbreaking display, the X3 Pro Smart Glasses feature a dual-camera system based on the Snapdragon AR1 Gen 1 processor. One camera is designed for high-definition photography and AI applications, offering vibrant color capture. At the same time, the other focuses on perception (such as SLAM and hand tracking) with a wide field of view and low power consumption. This innovative dual-camera solution significantly expands the application fields of AR glasses through AI-driven functionality.

RayNeo Air 3: Lightweight XR for Seamless Daily Use

Complementing the flagship, the RayNeo Air 3 is a lightweight and portable XR device designed for seamless daily use. It delivers exceptional image quality with 3840 Hz high-frequency dimming, a 200,000:1 contrast ratio, 154% sRGB color gamut, and 109% NTSC. These innovations mark a significant breakthrough in birdbath display solutions, making the Air 3 a standout in its category. The Air 3 also introduces an industry-first dual-opposing acoustic chamber design.

This advanced four-speaker structure provides the best and loudest audio experience in smart glasses. Combined with a 201″ virtual screen and TÜV Rheinland certified eye comfort technology, the Air 3 offers an unparalleled immersive experience for all-day wearability.

RayNeo V3: Smart Eyewear for Effortless Content Creation

The RayNeo V3 redefines smart eyewear by offering the ultimate tool for on-the-go content creation. With its sleek, lightweight design at just 1.37 oz (39 g), it ensures all-day comfort while capturing life’s moments in vivid detail. Equipped with a 12MP Sony IMX681 sensor featuring HDR technology, optical stabilization, and ArcSoft’s advanced image processing, the V3 delivers stunning visuals for photos and videos. Three directional microphones enhance audio capture, ensuring lifelike sound quality to complement every memory.

Designed for productivity and play, the V3’s advanced AI features enable voice-guided board game insights and hands-free task management, making it more than just a camera—it’s a versatile companion for work and leisure. With customizable lens options, the V3 adapts seamlessly to any lifestyle.

Redefining the AR Experience: Innovation, Accessibility, and Real-World Impact

RayNeo is reimagining how augmented reality can enhance everyday life by blending innovation with functionality. The flagship X3 Pro, with its advanced AI capabilities, exemplifies this vision by providing intuitive tools that expand the possibilities of AR. Alongside the versatile Air 3 and innovative V3, this lineup reflects a monumental leap forward in AR technology, paving the way for transformative applications across communication, entertainment, and productivity.

“Our CES 2025 lineup showcases RayNeo’s vision to transform augmented reality into a practical and powerful tool for everyday use,” said Howie Li, CEO of RayNeo. “We are pushing the boundaries of what AR can achieve, striving to make it an indispensable part of daily life while leveraging technology to improve people’s lives in meaningful ways.”

To drive the adoption of AR, RayNeo is empowering developers with a robust suite of tools. The RayNeo Developer Platform, AR Developer Kit (ARDK), and AI Studio provide the resources needed to create custom apps and AI agents tailored for the X3 Pro and Air 3. By equipping developers, RayNeo ensures the expansion of AR’s practical applications, enriching personal and professional experiences while broadening its global impact.

The RayNeo X3 Pro and RayNeo Air 3 are set to launch in mid-2025, with the RayNeo V3 following later in the year. Pricing details for the entire lineup will be revealed closer to their release dates.

About RayNeo

RayNeo is a leading brand in the AR space, dedicated to redefining augmented reality through groundbreaking technology and wearable innovation. Initially incubated within TCL, RayNeo develops AR glasses that seamlessly integrate into everyday life, delivering immersive and intuitive experiences. By combining cutting-edge design with advanced technologies, RayNeo empowers users to explore and interact with the digital world like never before. Committed to shaping the future of AR, RayNeo drives innovation through collaboration and a user-first approach. For more information about RayNeo and its innovative AR technology, visit www.rayneo.com.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon, Qualcomm and Hexagon are trademarks or registered trademarks of Qualcomm Incorporated.

CONTACT: marketing@rayneo.com 

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SOURCE RayNeo