AI VentureTech Announces Deal to Develop A.I. Facility in China

Alerts Tech
Share

(NEW YORK)–AI VentureTech, Inc., a technology accelerator and advisory firm focused in the areas of artificial intelligence and automation, announced non-binding agreement with ChineseInvestors.com, Inc. (OTCQB:CIIX), to develop a potential Artificial Intelligence (A.I.) research facility in China.

In a press release on their webiste AI VentureTech annonced that both companies will work on exploring the possibility of opening their own A.I. research facility in manland China to develop applications in such areas as artificial intelligence, blockchain logistics, IoT applications, automation, and corporate virtual assistants and chatbots geared specificlly for the Chinese market.

Tom Bustamante, the Founder and CEO of AI VentureTech, Inc. commented,”We are very pleased to be partnering with ChineseInvestors to harness their expertise in not just the financial markets, but their operational experience in mainland China as well. The goal will be to assist Chinese companies, of varying sizes, in becoming more productive and cost efficient in their operations by implementing these new technologies and tools to their enterprise. We feel this sector offers tremendous opportunities due to the positive government regulatory environment, and the dynamic growth potential Automation and Artifical Intelligence holds in this region.”

Under the partnership, AI VentueTech, Inc. will raise capital to fund any new research facilities or projects in China.

China Push for AI and Automation

In July 2017, China’s State Council issued plan to invest heavily in Artificial Intelligence (AI) and automation technologies in the next 10 to 15 years, with plan to become the world leader in A.I. by year 2030.

In a timeline laid out within the new policy, the government expects its companies and research facilities to be at the same level as leading countries like the United States by 2020. By the year 2025, China is calling for breakthroughs in select disciplines within A.I. that will become “a key impetus for economic transformation.”

By 2030, China is dedicated to become the “world’s premier artificial intelligence innovation center”, which is projected to be worth around 1 trillion Yuan ($150 billion).

Since the release of this imitative a large number of local governments have created special plans and built out research centers to focus on A.I. Many economic regions are spending hundreds of millions of dollars, but some have earmarked even more. In June 2017, the government of Tianjin, an eastern city near Beijing, said it planned to set up a $5 billion fund to support the A.I. industry, and an “intelligence industry zone” that will sit on more than 20 square kilometers of land.

Request More Information

To be added to their mailing list for future updates n the area of A.I., automation, blockchain, and IoT opportunities please register online by visiting
http://aiventuretech.com/investors/

About AI VentureTech

AI VentureTech is a New York based technology accelerator and advisory firm focused on start-ups in the areas of artificial intelligence, and automation. The technology advisory division assists startups in the areas of business analytics, data mining, machine learning, artificial intelligence, visualization tools, predictive modeling, and cloud advanced analysis in capital formation, funding, and mergers and acquisitions. Our research consulting team of data scientists will assist our clients in transforming their companies data so it can be used to inform, improve, and enable key management decisions.
www.aiventuretech.com

Forward-Looking Statements This document contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

CONTACT:

AI VentureTech
Phone: (347) 483-0121
Email: aiventuretech@gmail.com


Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B as of the date of this report WSNC was compensated three thousand two hundred dollars and thirty thousand restricted common shares for ongoing media advisory services, and thus should be considered a possible conflict of interest when reviewing this report and information. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

High Risk
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.