- Genesis AI (CSE:AIG), an outperforming generative AI stock, has signed an exclusive six-month option to acquire AI GeoIntelligence, a Denver-based firm that uses AI to glean actionable insights from forest data
- The company will pay US$150,000 for the option, and between US$1 million and US$5 million plus an earn-out incentive for the acquisition, which is expected to enhance its core business offering
- Genesis AI uses generative artificial intelligence to build digital twins for real-world natural resource applications
- Genesis AI stock (CSE:AIG) has added 160 per cent year-over-year, compared to a return of -0.6 per cent for the TSX over the period
Genesis AI (CSE:AIG), an outperforming generative AI stock, has signed an exclusive six-month option to acquire AI GeoIntelligence, a Denver-based firm that uses AI to glean actionable insights from forest data.
AI GeoIntelligence gathers its data through remote sensing tools, such as airborne LIDAR and hyperspectral imagery, which can classify tree species and other vegetation types and provide information from individual plants to the overall landscape.
Genesis AI believes these capabilities will meaningfully advance early wildfire detection and response, as well as sustainable land management, thus enhancing its proprietary generative AI model to build digital twins for real-world natural resource applications.
The company will also be able to access AI GeoIntelligence’s pipeline of opportunities in mining, carbon and geospatial analysis in the Australian market.
Consideration for the option includes three US$50,000 payments over the next six months, while consideration for the potential acquisition ranges from US$1 million to US$5 million in addition to a second payment contingent on AI GeoIntelligence’s future contracts.
“We are pleased to announce the signing of an option to acquire AI GeoIntelligence,” Devinder Randhawa, CEO of Genesis AI, said in a statement, “as it will allow us to harness the best in the power of AI with the most advanced remote sensing technologies and techniques, providing Genesis AI with an unparalleled capability. This represents executing on one of our strategic initiatives to expand beyond North America and into other high-value markets that can benefit from our services.”
“We’re excited to deepen our partnership with Genesis AI,” added Christopher D. Payne, CEO of AI GeoIntelligence. “Digital forests can provide vital intelligence to help protect and improve biological assets through improved carbon offsetting, forest management and wildfire mitigation.”
Genesis AI uses generative artificial intelligence to build digital twins for real-world natural resource applications. The company aims to unlock next-gen problem-solving capabilities in the precision geospatial, forestry analytics, mining exploration and carbon sectors.
Genesis AI stock (CSE:AIG) is unchanged, trading at C$0.13 per share. The stock has added 160 per cent year-over-year, compared to a return of -0.6 per cent for the TSX over the period.
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