Northwire Canada EditionThursday, July 23, 2026
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Alset AI Ventures launches Cedarcross (dba Lyken.AI)

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Executive Summary

  • Alset AI Ventures Inc. has completed the full commercial launch of its flagship artificial-intelligence business, Cedarcross Technologies Inc., operating under the brand Lyken.AI.
  • The company is now positioned to deliver end-to-end AI services, including production-grade software, infrastructure, and high-performance GPU compute, leveraging partnerships with Nvidia, Dell Technologies Canada, and established data centre providers.
  • Management anticipates beginning to generate revenue in the first half of 2026, citing strong global AI adoption trends and a market expected to exceed $500 billion by 2026.

Key Details

  • Entity Launch: Full commercial launch of Cedarcross Technologies Inc. (brand: Lyken.AI).
  • Service Offering: End-to-end solutions including problem assessment, data validation, scalable deployment, and measurable business impact.
  • Infrastructure & Partnerships:
    • High-performance GPU compute.
    • Secure NVMe storage.
    • Private low-latency networking.
    • Specialized enterprise tools, including Nvidia software stack for AI Agentics and developer libraries.
    • Ecosystem partners include Nvidia, Dell Technologies Canada, and established data centre providers.
  • Financial Outlook: President Kurtis Krack stated the company is positioned to begin generating revenue in the first half of 2026.
  • Market Context:
    • Approximately 88% of organizations worldwide use AI in at least one business function.
    • 78% of global companies have adopted AI technologies overall.
    • Global AI market CAGR is over 30%, potentially exceeding $500 billion in 2026.
  • Additional Materials: A comprehensive Lyken.AI business deck detailing technical capabilities, market differentiation, and growth strategy is available on the company's website.

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. This launch enables us to fully leverage our strong vendor ecosystem and valued partners to execute on our pipeline of opportunities."
Read the original news release →

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