Northwire Canada EditionThursday, July 23, 2026
Sign inSubscribe
Northwire
⌕
VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Production / Operations

Alset AI Announces Full Commercial Launch of Lyken.AI

By The Northwire Desk — AI Analysis Jan 21, 2026 · 07:30 GPUS · 0.05 Alset AI Ventures Inc.
GPUS · Price

Executive Summary

  • Alset AI Ventures Inc. announced the full commercial launch of its flagship AI business, Lyken.AI (operated by Cedarcross Technologies Inc.).
  • Lyken.AI will deliver end‑to‑end AI services, production‑grade software, and infrastructure to enterprise customers, with revenue generation expected in the first half of 2026.
  • The launch is supported by a strong vendor ecosystem including NVIDIA and Dell Technologies Canada, and a detailed business deck has been made publicly available.

Key Details

  • Launch Announcement: Full commercial availability of Lyken.AI, positioned to provide problem assessment, data validation, scalable deployment, and measurable business impact for client organizations.
  • Revenue Outlook: Management expects Lyken.AI to begin generating revenue in the first half of 2026 on a recurring basis.
  • Partner Ecosystem: Leveraging NVIDIA GPU compute, Dell Technologies Canada hardware, secure NVMe storage, private low‑latency networking, and NVIDIA AI software stack for “AI Agentics” and developer libraries.
  • Business Deck: A comprehensive Lyken.AI deck outlining platform capabilities, market differentiation, partnerships, and growth strategy is now posted at https://www.lyken.ai/.
  • Market Context (cited):
  • ~88% of organizations worldwide use AI in at least one function (McKinsey).
  • 78% of global companies have adopted AI technologies (Hostinger).
  • North American middle‑market firms show near‑universal AI adoption (RSM US LLP).
  • Global AI market projected to exceed US$500 billion in 2026, with a CAGR >30% (Grand View Research).
  • Leadership Quote: “We are incredibly excited to bring Lyken.AI to full commercial availability… we believe that we are positioned to begin generating revenue in the first half of 2026.” – Kurtis Krack, President, Lyken.AI.

Notable Quotes

“We are incredibly excited to bring Lyken.AI to full commercial availability,” said Kurtis Krack, President of Lyken.AI. “We believe that we are positioned to begin generating revenue in the first half of 2026.”

Materiality Assessment: Material – Positive (launch of a new revenue‑generating AI platform with disclosed near‑term revenue expectations).

Read the original news release →

More from Alset AI Ventures Inc.

May 14, 2026 · 07:30

Alset AI Validates Revenue Stream Amidst Dilution Concerns

Production / Operations May 06, 2026 · 07:30

Alset AI Restructures Balance Sheet with Lithium Exposure Amidst Liquidity Pressures and Share Dilution

M&A / Property May 05, 2026 · 20:00

Alset AI Settles Debt with Equity Amidst Liquidity Crunch as Stock Plummets 90%

Financings Apr 24, 2026 · 07:30

Alset AI Ventures Inc.

Financings Mar 30, 2026 · 07:30

Alset AI’s 10-for-1 Reverse Split Masks Deepening Liquidity Strains and Unproven Revenue Pipeline

Regulatory Mar 13, 2026 · 16:30

Alset AI Announces Closing of Shares for Debt Transaction

Financings