The upcoming ‘AI revolution’ is expected to have a pervasive impact on almost all aspects of existence, with new artificial intelligence systems being implemented in many areas of the economy. Those who keep abreast of cutting-edge technology are anticipating this shift.
By the beginning of 2023, ChatGPT has revolutionized AI technology and captivated many. It has also provided avenues for investors and corporate leaders to capitalize on.
Nextech3D.AI (CSE: NTAR, OTCQX: NEXCF) is a company that has shown itself to be no stranger to high-tech innovation. Recently, they have rebranded themselves to highlight AI’s importance in their highly dynamic augmented reality and metaverse field.
Nextech3D.AI (CSE: NTAR, OTCQX: NEXCF) has recently applied for a provisional patent called ‘Generative AI for 3D Model Production from 2D Photographs with Stable Diffusion and Deformable Template Conditioning.’
Building upon their initial patent submitted in the previous year, Nextech3D.AI (CSE: NTAR, OTCQX: NEXCF) has developed a revolutionary AI technology for producing intricate 3D models. The company has informed its investors that they have now become one of the primary contenders in the 3D modeling industry and are on course to becoming cash flow positive.
Evan Gappelberg, CEO of Nextech3D.ai, has informed Proactive that the 3D model trend for eCommerce will pick up in 2023; major players in the $5.5 trillion eCommerce industry are rapidly transitioning from traditional 2D images to 3D models.
Gappelberg pointed out that the company has already built strong ties to major eCommerce platforms, having been named a preferred 3D model provider for Amazon and providing 3D models to TGT, Kohls, and others. He noted that these relationships should help propel substantial expansion in 2023.
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The CEO says:
“We have been preparing and anticipating this exact moment for five years, where our AI technology would advance far enough to scale production while simultaneously seeing market demand for 3D models skyrocket,”
“Our recently announced breakthrough advances in generative AI have made it possible to achieve scale in the production of 3D models while reducing our cost by as much as 80%. In the last few months, we have been able to create incredibly powerful artificial intelligence that will revolutionize the 3D modeling industry and establish Nextech3D.ai as the de-facto market leader.”
At the start of this month, Nextech released its initial artificial intelligence (AI) powered augmented reality mobile application for live events. This app is intended to increase the enjoyment of attendees and exhibitors while offering event coordinators meaningful real-time data. It can be found on Nextech’s Map Dynamics platform, which already services over 800 events annually.
CEO Gappelberg is adamant that the app will bring in considerable profits for the business and revolutionize the events sector, which he deems “outdated” and missing creative ideas. He believes that features like AI-supported networking and augmented reality wayfinding will make Nextech stand out from its rivals and remain a pioneer in this domain.
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Gappelberg has praised the app for its capability to offer personalized experiences for each event, with customized apps that can be generated instantly. This is due to real-time data, which is a major factor in the app’s performance and enables event planners to keep tabs on attendance, trace movement, and use AI-driven matchmaking to link attendees with exhibitors.
AR technology revolutionizes the events industry, providing participants with a unique and interactive experience. This app allows attendees to explore exhibit booths more precisely and navigate the event space effortlessly. According to Gappelberg, this upgrade in technology significantly increases the value of exhibitors and attendees at an event.
Gappelberg believes Nextech’s app will stir up considerable enthusiasm in the events industry, a market worth an estimated US$50 billion. He knows its groundbreaking features will set them apart and amplify its earnings.
Gappelberg says:
“We’re already established, and now we aim to take a leadership position.”
Investors looking for new, burgeoning opportunities may turn their attention to Nextech’s live events platform, which is expected to be a major advancement. However, with the recent issues concerning Silicon Valley Bank still fresh in mind, investors must remember that taking chances on emerging tech can be unpredictable and filled with risks.
If Nextech is to be seen as an ambitious and opportunistic tech player, investors willing to take risks may want to keep a close eye on the company if it succeeds in breaking into the events-tech sector.
The emergence of generative AI has opened up exciting new possibilities for technology companies like Nextech3D.ai. By harnessing the power of deep learning algorithms and neural networks, these companies can create realistic and engaging virtual experiences that were once impossible. From virtual try-on apps to immersive gaming environments, generative AI has the potential to transform a wide range of industries and revolutionize the way we interact with technology.
Source: Proactiveinvestors NA
