Alset AI Ventures summarizes work on Lyken.AI

Executive Summary

• Alset AI Ventures Inc. issued a comprehensive corporate update highlighting organizational restructuring, governance changes, and strategic commercial advancements centered on its flagship cloud compute platform, Lyken.AI.
• The company completed the acquisition of Lyken Technologies Inc. (operating as Lyken.AI), making it a fully owned subsidiary, and executed a white-label agreement to deliver compute services under the Lyken brand.
• Significant strategic alliances were formed, including an investment in Chip Datacentres Inc. for a 2-megawatt data centre buildout and a master services agreement with Align Wellness to serve over 60 clinics.

Key Details

• Governance and Leadership Changes:
  • Lisa Baird and Vijay Mony were elected to the board of directors at the annual and special meeting of shareholders on Aug. 26, 2025.
  • Lisa Baird was appointed to the audit, corporate governance and nominating, and compensation committees (chair).
  • Vijay Mony was appointed to the corporate governance and nominating committee (chair) and the compensation committee.
  • Adam Ingrao was appointed to the board and serves as CEO, also joining the corporate governance and nominating and compensation committees.
  • Chase Chamberlin (CEO of Commonwealth Sports) joined as a strategic adviser.
• Acquisition and Subsidiary Status:
  • Alset AI completed the acquisition of Lyken Technologies Inc. on Aug. 5, 2025, making Lyken a fully owned subsidiary.
  • Lyken.AI launched its corporate website in August to support deal flow and client outreach.
• Commercial Agreements and Partnerships:
  • White-Label Agreement: Executed to deliver compute and platform services under the Lyken brand, providing access to technical resources and global delivery capabilities.
  • Chip Datacentres Inc. Alliance: Announced a strategic alliance including an investment into Chip’s Waterloo-based data centre for an initial power capacity buildout of approximately two megawatts.
  • Align Wellness: Executed a master services agreement to provide services to more than 60 clinics across North America.
• Strategic Outlook:
  • The company is positioned for organic growth and bolt-on opportunities following an organizational reset.
  • Focus remains on revenue-generating AI infrastructure and expanding capacity, geography, and product breadth.

Notable Quotes

• "Year to date, we set out to put the right structure, leadership and partner network in place so Alset AI can scale with focus and speed. We completed the governance work, added accomplished directors and advisers, and sharpened our commercial strategy around revenue-generating AI infrastructure led by Lyken.AI." — Adam Ingrao, CEO