INTENT to acquire position in first AI From NEWS above:
____
VANCOUVER, BC / ACCESSWIRE / July 24, 2023 /Stock Trend Capital Inc. (CSE:PUMP) (FRA:SCF) (Pink Sheets:STOCF) ("Company" or "Stock Trend"), is pleased to announce that it intends to complete a strategic investment to acquirea 20% interest in YOUNET ("YOUNET") from an arm's length party, for total aggregate consideration of $855,000 (the "Acquisition").
YOUNET is a privately held Canadian company developing an artificial intelligence ("AI") platform called Rabbit AI. Rabbit AI is being designed to handle tasks normally done by a personal assistant. Depending on the needs of the user, Rabbit AI may produce written content or responses such as emails, texts, and documents, and is being designed to sift through communications and data to provide replies for its master.