Nextech3D.ai's Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity
18 Gennaio 2024 - 4:00PM
InvestorsHub NewsWire
Nextech3D.ai’s
Breakthrough AI Powered 3D Model Search Engine Now Delivering a
500% Increase in Productivity
TORONTO, ON,
Canada -- January 18, 2024 -- InvestorsHub NewsWire
-- Nextech3D.ai
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE:
1SS), a Generative AI-Powered 3D model supplier for major
e-commerce retailers announces its recently launched AI 3D model
search engine can deliver up to a 500% increase in the production
of 3D models, which is a marked increase from its previously
announced 80% increase in productivity. The Company plans on
releasing its AI search engine to the public in Q1 2024 for general
use and charging on a per use basis which could contribute
significantly to the Company’s growth in 2024.
CEO
Evan Gappelberg recently joined Proactive Investors to discuss the
500% increase in productivity and breakthrough AI 3D model search
engine -
watch here
As
previously mentioned, the Company plans on continuously providing
reports on the AI and its ability to increase productivity and
lower costs of 3D model production over time. As more searches are
conducted and the tool is used more frequently, the AI learns and
becomes progressively more productive.
In
a
recent press release, the Company initially reported an 80%
increase in productivity. Upon further
research based upon Nextech3D.ai’s own internal usage of thousands
of searches over the last 2 weeks, the Company reports an
updated 500% increase
in 3D modeling productivity. The 500%
increase in productivity is due to an 80%
reduction in time it takes
to
create a 3D model by using the 3D model search engine. Instead of a
3D artist having to create an intricate or complex 3D model from
scratch, they are able to find a similar 3D model quad or triangle
mesh using the AI search engine, and then modify it as needed. This
groundbreaking AI-driven search engine quickly locates comparable
model meshes in Nextech's extensive library, which houses hundreds
of thousands of 3D parts and meshes. Within mere seconds, a 3D
artist can select from a variety of 3D matches, taking advantage of
the library's existing collection of 3D models that share similar
colors, textures, and shapes.
Watch a demo of the AI-Powered 3D model search engine tool
-
click here
Earlier this month,
the Company announced it had gone live with its proprietary
AI-Powered 3D model search engine.
This cutting-edge AI search engine combines computer vision and
artificial intelligence to enhance and expedite the 3D modeling
process. By leveraging this proprietary technology, the Company
aims to streamline and accelerate its in-house 3D model production
operations significantly. In addition, it plans to sell its search
engine to others, which could lead to significant revenue and
profit growth.
The AI-based search engine operates by the user showing the search
engine an image - the AI then goes to work searching through
Nextech’s extensive internal library of hundreds of thousands of 3D
product models and parts, and suggests a close match to the
provided image. In just a few seconds the 3D artist is able to
choose from multiple 3D models that closely match the image and
fine tune the pre-built 3D model into a net new 3D model which
creates another searchable new mesh. The constant creation of new
3D models creates a virtuous cycle and a tremendous amount of value
for the platform. The Company sees this as a breakthrough in 3D
modeling and is expecting to launch a general purpose version that
can become the gold standard for the massive global $5.5 trillion
dollar e-commerce market, which is pivoting to 3D models from flat
2D photos in Q1, 2024.
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About
Nextech3D.ai
Nextech3D.ai or
the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a
versatile augmented reality and AI technology company that utilizes
its proprietary artificial intelligence (AI) to craft immersive 3D
experiences at scale for E-COMMERCE. The Company's primary focus
lies in creating high-quality 3D WebAR photorealistic models for
Amazon and various other online retailers. Nextech3D.ai has adopted
a unique approach to creating shareholder value beyond its
operating business of creating 3D models.
The
Company also develops or acquires disruptive AI-technologies, which
are subsequently spun out to shareholders as standalone public
companies. This spin-out strategy allows Nextech3D.ai to issue
stock dividends to its shareholders while maintaining significant
ownership in the public spin-out, without dilution to the parent
company Nextech3D.ai.
Notably,
Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE:
ARWY | FSE:E65 ) its spatial computing platform, as a standalone
public company on October 26, 2022. The Company retains a 49% stake
with 13 million shares in ARway Corp. while distributing 4 million
shares to Nextech shareholders.
Similarly,
Nextech3D.ai accomplished its second spin-out launching
Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered
3D design studio aimed at competing with Adobe. The Company retains
a 44% stake with 13 million shares in Toggle3D.ai Corp.
To
learn more, please follow us on
Twitter,
YouTube,
Instagram,
LinkedIn, and
Facebook, or visit our
website:
https://www.Nextechar.com.
For further
information, please contact:
Investor
Relations Contact
Julia
Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan
Gappelberg
CEO
and Director
866-ARITIZE
(274-8493)
Forward-looking
Statements
The CSE has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Certain
information contained herein may constitute “forward-looking
information” under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as, “will be” or variations of
such words and phrases or statements that certain actions, events
or results “will” occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Nextech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities laws.
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