ALSET Capital (KSUM.V) appoints former director of Google, Panasonic and Huawei AI

ALSET Capital Inc. (KSUM.V) is an investment issuer that focuses on investments in diversified industries such as technology, healthcare, industrials, special situations, operating through both debt and equity, using cash or equity . ALSET Capital is uniquely positioned in the emerging artificial intelligence industry with its 49.0% stake in Cedarcross International Technologies Inc., a company that harnesses the power of cutting-edge NVIDIA H100 GPUs. This investment places ALSET at the forefront of the AI ​​cloud computing hardware sector, offering 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 customers. It is a business model that not only meets the growing demand for artificial intelligence processing, but also expects high profitability thanks to it the gross margin of the computer leasing business unit is expected to be approximately 80%, and the payback period for equipment is approximately 1.5 years.

The company today announced the formation of an Artificial Intelligence Advisory Board with the appointments of Willy Sun and Michael Gord to the Artificial Intelligence Advisory Board.

The AI ​​Advisory Board will support the Company’s board and executives in providing strategic guidance, expertise and oversight of the Company’s AI initiatives.

“The appointment of Willy Sun and Michael Gord to our AI Advisory Board represents a significant milestone in Alset’s journey to position its investment portfolio to become a leader in AI computing infrastructure and data management solutions,” said Morgan Good , CEO of Alset. “Their combined expertise and leadership will be instrumental in driving 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) from leading technology companies including Google LLC, Panasonic Holdings Corporation and Huawei Technologies Co., Ltd., brings extensive experience in artificial intelligence research and development. Willy’s visionary leadership makes him the ideal candidate to lead Alset’s artificial intelligence initiatives.

As Principal Engineer for Artificial Intelligence Development at Huawei Technologies 2012 Lab and Artificial Intelligence Scientist at Panasonic, Willy has led initiatives in deep learning applications for speech processing, dialogue systems, and interactive interface design. His innovations in real-time monitoring of sensitive content in digital media have set new industry standards for security and compliance.

Michael Gord, a serial entrepreneur and Web 3.0 investor, brings his extensive experience in the digital assets space. Michael has successfully exited three startups and completed four acquisitions. He is an investor with over 70 portfolio companies, including four that 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 that was 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 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 about ALSET Capital and its investment opportunities, check out Chris Parry’s latest article here.

The stock is in a new uptrend starting in February 2024. We have confirmed our first higher low at $0.225. Now the stock is pulling back after printing higher highs. We are now locked into the flag pattern. Wait for the daily candle to close above the top of this trend line to confirm the breakout. Closing below USD 0.225 would destroy the growth momentum.