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NEXTECH3D.AI ANNOUNCES EXPANSION OF AI TECH TEAM AND DOUBLING OF OFFICE SPACE AS DEMAND GROWS FOR 3D MODELS - CEO INTERVIEW
Earlier today, Nextech3D.ai announced the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and. platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufacturers that have CAD files.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
WATCH THE INTERVIEW @ https: //www.youtube.com/watch?v=ZfR4xKIGs5A (eliminate the space after "https")
February 22, 2024: Steve Darling (Host, Proactive) and Evan Gappelberg (CEO, Nextech3D.ai) discuss the Company's expansion of its AI tech team team and doubling of office space as demand grows for 3D models
Nextech3D.ai announces launch of GPT AI 3D solutions led by former Microsoft Executive 2/15/2024
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company's launch of the next era of GPT AI 3D product solutions. These proprietary Artificial Intelligence algorithms represent a significant advancement in Nextech3D.ai's technology offerings and are poised to drive innovation in the e-commerce industry.
Leading this initiative is Hareesh Achi, a former Microsoft Executive who currently serves as Nextech3D.ai's Head of Product Operations. With Achi's expertise and leadership, the company aims to capitalize on the early stages of the AI opportunity, particularly in the realm of 3D modeling for e-commerce.
Gappelberg emphasized that the transition from 2D to 3D modeling represents a major multi-decade transformation driven by AI. Nextech3D.ai is at the forefront of this transformation, leveraging its suite of GPT AI solutions to provide cutting-edge technology to enterprise clients. The company plans to offer annual enterprise licensing deals for its suite of GPT AI solutions, which initially feature 12 GPTs. Moreover, Nextech3D.ai intends to develop additional GPTs throughout 2024, further expanding its product offerings and market reach.
By focusing on enterprise licensing deals and advancing its suite of AI solutions, Nextech3D.ai is well-positioned to capitalize on the growing demand for innovative 3D technologies in the e-commerce landscape. This initiative underscores the company's commitment to driving technological innovation and delivering value to its clients in the evolving digital marketplace.
Watch the video at:
https: //www.youtube.com/watch?v=Epz-fHQcrAE
CEO Evan Gappelberg joined Proactive Investors to discuss the news released 2/13/2024
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
Earlier today, Nextech3D.ai announced a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024, and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
See the interview:
https: //www.youtube.com/watch?v=DQEGFXY1sLc
Please eliminate the space after https:
If you continue to watch, a second video will start with ARway as the subject with some discussion about Netflecks.
LOL, I guess things were different 70 years ago. Have a great day.
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
TORONTO, ON, Canada – February 8, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is thrilled to announce a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024 and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
Nextech3D.ai CEO Evan Gappelberg commented, “Nextech3D.ai has been at the forefront of the massive shift from 2D static images to 3D immersive experiences, utilizing augmented reality and cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai is seeing demand from around the globe and is currently negotiating with three additional enterprise clients that are in the six and seven figure range.” He continued, “This $1.8 million deal is not just a testament to Nextech3D.ai's technological prowess but also to the rapidly growing importance of 3D modeling in e-commerce and demonstrates the scalability and adaptability of Nextech3D.ai's technology. We are focused on large enterprise deals in an effort to ramp up our revenue base and solidify Nextech3D.ai's position as a leader in the field of 3D and AI for e-commerce.”
New AI-Powered 3D Model Search Tool
Last month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. With this groundbreaking AI-powered technology, the Company will enhance and quicken its internal 3D model creation workflow significantly. Additionally, Nextech3D.ai plans to release this search engine for public use, potentially leading to substantial increases in revenue and profits by licensing the AI technology to others.
This new AI-powered 3D model search engine provides 500% increase in 3D modeling productivity. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks, and significantly impacts and increases the scalability and profitability of the production of 3D models.
2023 Financial Results
The Company also recently reported its unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the Company's pivot to India in Q4, 2023 and improvements in its AI-powered 3D modeling technology is projected to increase dramatically in 2024.
Why did you post:
Who is Global Industrial Company?
"NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT WITH ENTERPRISE GIANT GLOBAL INDUSTRIAL COMPANY – TORONTO, O.N, Canada on January 30, 2024"
Global Industrial Company was started in 1949, over 70 years ago, as a small material handling company.
Today, Global Industrial Company boasts of being an industrial leader with 1.7+ million products in 21 industrial and commercial categories.
Global Industrial’s customer-centric focus means they provide industry-leading products, knowledge and expertise, and operational excellence all designed to bring their customers a differentiated and delightful experience.
• Extensive Account Management Tools
• Huge Selection of Products
• Low Prices
• Same Day Shipments on Most Orders
• Extended Service Plans
If you are interested in reading more about Global Industrial Company, you can find it here:
https: //www.globalindustrial.com/aboutUs
NexTech3D AI Corp, Evan Gappelberg's interview regarding NexTech's financial future:
https: //www.youtube.com/watch?v=6a0rKHCZH_g
Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results
TORONTO, ON, Canada -- February 8, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces its preliminary unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary unaudited results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the company's pivot to India in Q4, 2023 and improvements in its AI is projected to increase dramatically in 2024.
CEO Commentary
Nextech3D.ai CEO and founder Evan Gappelberg commented, "While 2023 was a solid year of growth for our Company, we are expecting even stronger gains in 2024 as the 3D modeling revolution gains steam and our business gains more economies of scale. Moving operations to India was a major positive for our production capability, but especially our profits as we are now seeing consistent profit margins of over 50% in our businesses, which is approximately an 80% improvement over 2023." He continued, "We are currently negotiating multiple major contracts for our 3D modeling business while simultaneously building important AI technology that will continue to drive our revenue and profits forward. We are seeing a convergence of AR and AI technology begin to drive the adoption of all our portfolio of technologies including 3D modeling, spatial computing and AI texturing…we are excited for releasing the technology we are building and for record results in 2024!"
Preliminary Annual 2023 Financial Highlights
2023 Annual revenue growth of 56%
2023 Annual revenue of $5 million compared to $3.2 million in 2022
70,000 3D models created to date
2024 Outlook & Highlights
Several significant enterprise 3D modeling contracted expected to close in Q1
MapD anticiaptes a jump of 51% or more in the average contract value due to increased pricing which has already been implemented and accepted by many customers. The Company is also projecting another 50% growth in new business leading to a projected 100%+ growth in 2024 revenue.
3D Model Report and Projection
Nextech3D.ai has created a total of 70,000 3D models to date, and it is expected to surpass 250,000+ models by 2025. This achievement is projected to be reached due to the Company's AI-powered technology enabling the scale of production of 3D models, as well as its contracts with enterprise clients.
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.
ignatiusrielly35, Yes, the Podcast was very wordy, but I found two interesting points in it.
What is NEXCF telling its shareholders?
1. The Podcast refers to Evan Gappelberg as the "Acting" CEO. Is this an unofficial announcement of a change to Gappelberg's status at the company?
"Evan Gappelberg - Acting CEO of Nextech3D.ai"
2. It sounds like Evan Gappelberg is having second thoughts about AI. The following is from the written version of the Podcast.
"All I know, Ryan, is that I don’t think we’re quite ready for the power of AI. I don’t think we’re quite ready to become second fiddle to another alpha, I don’t think we can handle it. I don’t think we have the right governance in place. I don’t think as a species that we’re really, I don’t know. It’s very, very concerning to me, and if you think back, Elon Musk and OpenAI, Sam Altman, and all these guys originally didn’t want it to be a for-profit company. They knew, and these guys were way smarter than me or any of us. They knew the power of AI. If they thought it was just like a regular tech, they would have just tried to monetize it but they knew it was super powerful and very unpredictable and hard to control and so they tried to turn it into something that wouldn’t be a species killer, wouldn’t actually get unleashed, and it didn’t work. The reason it didn’t work is Sam Altman released it, ChatGPT, and once he did that, the arms race began. Google, Microsoft, all the big boys threatened. Meta is now releasing open-source AI, which is also concerning, right? Because it’s kind of like a mini-brain. It’s not as powerful as open AI, but they’re giving a lot of power into the hands of the public, and while we’re pretty nice people, the only thing I could come up with would be helping me write a press release or something, or helping me with AI search engines for 3D models, something that’s pretty benign."
Food for thought!
Navigating the Future: CEO Strategies for Success in the AI Industry
Evan Gappelberg, Acting CEO of Nextech3D.ai, shares valuable insights in this engaging episode, discussing the dynamic nature of successful entrepreneurship and the importance of adaptability. From pivotal moments in business history to the potential risks and opportunities presented by AI, Evan delves into the evolution of technology and its impact on industries. Join the conversation as he highlights the innovative use of AI in Nextech, particularly the development of a groundbreaking 3D model search engine, offering a glimpse into the future of digital creativity and commerce.
Evan Gappelberg - Acting CEO of Nextech3D.ai
Listen to the Episode - https: //www.aifounders.net/ep-17-navigating-the-future-ceo-strategies-for-success-in-the-ai-industry/
Table of Contents
Introduction
Entrepreneurial Journey and Challenges
NexTech's Evolution and Success
Adaptability in Business
Role of AI in NexTech
Future Outlook and Aspirations
Introduction
Ryan: Welcome everyone to the AiFounders Podcast Show. Our podcast is dedicated to celebrating the remarkable accomplishments of AI innovators, entrepreneurs, and visionary founders and the captivating stories behind the movements they have built. I’m your host, Ryan Davies, and I have the honor of hosting today’s episode, Navigating the Future: CEO Strategies for Success in the AI Industry, with our special guest, Evan Gappelberg. Evan, thank you so much for joining us here today.
Evan: Great to be here with you, Ryan. Thanks for having me.
Entrepreneurial Journey and Challenges
Ryan: I am super excited. I always really enjoy when we have somebody else who has a podcast that’s on here as well because it kind of has that really fun energy and back-and-forth that our audience loves to hear, and I love to host. So Evan, beyond your podcast, obviously has a little bit for our audience as a background founded NexTech on January 18 with the thought and idea that AR and 3D were going to be the next megatrend and obviously- were not wrong in that raised $3 million, went public in October of 2018, and really turned out that when purchasing a few e-commerce sites and a virtual event platform, we had the perfect storm. E-commerce, virtual events, business, everything exponentially grew, with the stock price going up 40 times and their market cap topping out at $700 million. They placed their largest bet on AI, acquiring AI startup 3D AI for $10 million. Fast forward to AI becoming the secret sauce and, again, 3D profits and scalability in 2023 being the future of e-commerce. They built generative AI-powered software to scale the production of 3D models for e-commerce today. They are the only publicly trading company that is a 3d model supplier for huge names like Kohl’s and Dyson’s Hundreds of e-commerce brands and sites after five years and ten acquisitions, they have really mastered the art, and Evan has mastered the art of acquiring Pivotable Tech, but also how to build a successful team. So when we’re talking about inside the CEO suite and strategies for success, we can’t have a better guest than you today with us. So Evan, thank you so much for being here. I think the audience is tired of hearing me talk. We’re going to turn it over to you here. Share a little bit more about your journey and how, you know, you really got into the AI industry and recognized that this was the place to be for your growth.
Evan: Sure. Thanks for that, Ryan. So, my background is Wall Street. I spent a couple of decades, actually, the ’90s and the early 2000s, on Wall Street and really analyzing what stocks to invest in, what public companies to buy, right? Because you’re only as good as your last stock recommendation. The key was to constantly find the right sectors, and so I became really, really good at identifying the next big thing, right? That’s what you have to invest in because everything’s cyclical. Everything in business, as in life, is cyclical, right? We’re just coming out of, I don’t know how many interest rate hikes we’ve had in the last year and a half, but it’s been like seven or eight, something like that. Interest rates went from zero to 7%. It was a really aggressive rate hike. But the point is that it’s a rate height hike cycle, and what is a cycle? Well, it goes round and round, just like a bicycle wheel, and so that’s the way business works. When things are going great, just be careful because, typically, it doesn’t last, and when things are really difficult and you’re struggling, the turn is just around the corner. You just have to survive those downs. Let’s go to 2018. In 2018, I had just come out of a massive, massive cannabis trade. I actually invested in cannabis starting in 2015 because I saw the megatrend. I saw that everybody was trying to legalize it. In the US, I was talking to some CEOs and investors about investing in cannabis in 2015, and they were like, Evan, you’re crazy. I don’t want to go to jail. That was the difficult response, right? I was like, You know, they’re not wrong, but there’s got to be a pathway here, so I discovered Canada, you know, literally across the border. You know, I was in New York at the time. It was an hour’s flight to Toronto. All of a sudden, I started going up to Canada, and I met a group of investors. Sure enough, I was able to take a company public and had a 40X exit in 18 months. That was an absolute monster win for myself and the investors that were following me at the time. I wasn’t the CEO of the company. I was putting in capital. I was done, to be honest with you. I thought, you know what? I’ve had an amazing ride. It’s been a roller coaster ride. Being an entrepreneur is always going to be that. It’s not traditional, right? It’s not a straight-line path. I call it off-road driving.
NexTech’s Evolution and Success
Ryan: Yep. It makes sense. It’s thrilling, it’s fun, but it’s dangerous, and it’s exhausting at the end of it. Absolutely. That’s a great analogy.
Evan: Yeah, it’s off-road driving. So you don’t go off-road driving in a Ferrari, Right? So you don’t go off-road driving in a Ferrari or sports car. You do it in a Jeep, right? You want four-wheel driving. So you have to be prepared, so when you look at doing that for decades, it really does get to be exhausting, and when you do have those wins, it’s very satisfying, but it’s like, okay, am I going to go back into the wild again? It’s always a challenge. It’s always fun, but it’s still a lot of work. I actually thought I was done after cannabis, but lo and behold, I wasn’t done. It was just when I thought I was out that some guy brought me back in. Basically, I’m a sucker for a good idea. Someone introduced me to augmented reality, and I was like, this is the future. There’s no doubt about that, and the next thing you know is, as you said, I raised $3 million because I have a fan base, basically people that I’ve made millions of dollars for. I decided to take my own company public and be my own CEO, which I had not done before. I’ve been CEO, but not my own public company. So I merged my skill sets, stock market, previous investing, startup entrepreneur, and CEO many, many times, and formed NextTech. Now, I didn’t actually have a complete business plan. A lot of people will tell you that’s what? You didn’t have a business plan. I didn’t. I knew that I was going to be successful just because of my previous successes. Like I said, I was riding this big 40 X win with cannabis. I went and founded NexTech. The idea was 3D models for e-commerce, and AI became the obvious way to break through in that industry. Making 3D models for e-commerce in 2019, we were public, and it took about nine months to get public. From early 2018 to late 2018, we were just filing the paperwork. We did go public in Canada in Q4 of 2018, and then we were public in 2019. This is just a great story for our entrepreneurs when it comes to pivoting because, in 2019, I was convinced that I was going to be the factor 3D model supplier for all of e-commerce. You couldn’t have told me that I was mistaken. I was convinced until Google came knocking on my door and invited me into their headquarters in New York, sits me down, and said, you’re really early to this party. Like they’re in the space as well, and the guy’s like, there’s not a lot of business. He’s like, there’s crumbs. I’m like, yeah, but crumbs for Google is like a lot of money for a startup, and he was like, yeah, it’s really early. I’m just saying, right? Then, the weirdest thing happened. Apple called me up and said the exact same thing. Now, I might have believed in my own story. Like I said, you couldn’t have convinced me otherwise, but when Apple and Google both say something to you directly. I mean, you have to listen. I sat on my desk in my chair, wrapped my hands around my head, and did some soul-searching. This is 2019. I had just gone public and raised the money, and all of a sudden, I realized it was early. There’s no business. I have this vision, but there’s no demand in the market. I’m early, and when you’re early, you can quickly become roadkill. You just end up on a desert road, you run out of gas or out of water, and you’re done.
Ryan: When you’ve off-roaded too far. Now you’re a no man’s land, there’s no cell coverage, there’s no coming back, right?
Evan: Yeah, you’re not coming back. You’re in the desert, and everything’s like a mirage, but you end up dying out there or pivoting. So I pivoted. I decided, you know what, instead of selling 3D models to e-comm businesses, let me buy an e-comm business, and I’ll make the 3D models for my own e-comm business. So I went out and bought the most boring, ugliest e-comm business I could find a vacuum cleaner business. It was reselling high-end Miele vacuum cleaners. These are $1,000, $1,500 vacuum cleaners, and so I found a company that had a distributorship, and we started selling vacuum cleaners, and I’m like, not what I actually dreamt about but it’s generating a couple of million dollars, and I had taken all my chips and put it into that business, and I was like, all right, you know what? I’m in this business. Now, I better go deeper. So, I bought a pet supplement business right on the heels of that. So now I have two e-comm businesses. I’m making 3D models for the vacuums. basically using myself as the test bed. I’m thinking I’m going to bide my time and wait for the 3D modeling business to show up. Q4 2019, we’re deep into e-commerce and still making 3D models, still have the dream. Then, I get introduced to a company that has a fledgling virtual event business. I was like, I’m not interested in that, but these guys were running out of gas. They were about to become roadkill, and the valuation was very reasonable. It was like a one-time sale, which is what they were trying to sell for. I got introduced to them in late 2019. By March, I see the storm clouds of Covid, and I’m like, wait a minute, virtual events, like Zoom, are taking off, right? Zoom is zooming ahead. I’m like, okay, I got to buy these guys. So I buy them for a million dollars, and within 2020, as you said earlier on, my company’s valuation because the economy shut down, and by the way, timing is everything. What did we say about cycles? Well, this was not just an upcycle. This was a turbo upcycle. This was rocket ship up. Those don’t happen every cycle, but they do happen occasionally, right? The internet craze in the 1990s was turbo. The AI craze right now that’s going on, these are massive upcycles, right? You have your typical cycle, and then you have these turbo cycles. So I’m in the middle of a turbo cyclone cycle going up where e-commerce, our e-comm business, it was like the slot machines, ding, ding. The orders were coming in for vacuum cleaners, but we were also selling other stuff like posters and all these home appliances. Where was everybody? Everybody was at home. What are we selling? Home appliances. Our business exploded, and the same thing with the virtual events business, and the same thing with my evaluation. Like you said, all of a sudden, we got to a $700 million valuation in Q4 of 2020. Now I want everybody to think about this. A year prior, I was on the verge of becoming roadkill. If I had stuck with my original vision, I would have been roadkill. You must pay attention and pivot when necessary. It’s okay. The key is to win. It doesn’t matter if you’re winning at 3D modeling; the 3D modeling business is what I wanted to win at, but I was winning at e-com and virtual events. I actually don’t like those businesses, but I did have an obligation to my investors and shareholders. So anyway. As you continue forward, I will probably raise $30 million on the back of that run with my public company and invest in acquiring the technology for AI. Like you said, we made a $10 million acquisition. We made a whole bunch of acquisitions. By the time of Q4 of 2020, when our stock was peaking, I was like, okay, Covid is not going to last forever. They were everyone’s getting vaccinated. In 2021, I started to talk about divesting ourselves of the e-comm business and virtual events business, and we did divest ourselves. We liquidated those businesses and got out of those businesses. It was opportunistic. Right? We took advantage of the moment. It allowed us to raise enough money to continue on our journey. And if you think about raising money, think about it as putting gas in your gas tank. So, the e-com business and the events business went away, and we started to invest heavily in AI. Let’s fast forward to today. We supply Amazon with 3D models. As you said, we supply Kohl. We supply about 150 different brands with 3D models, which is quite impressive. It’s still early days, but the reason why 3D models are being adopted in the world of e-commerce is because you sell more stuff. People are able to take a product, let’s call it a couch, and pull it out of the screen and put it in the room with you. You get to see the size and the shape and the color in your house, in your living room, and then you hit the buy button because you feel confident as opposed to having to go to the store and then imagine what it’s going to look like in your house, right? Which is not so easy to do, right?
Ryan: You think, you know, then you go home and go, wait, our floor is not actually that color. Or the walls are. I didn’t know our walls were like that.
Evan: Right, or it can’t fit through my front door. There’s a lot of value in the technology, and there’s a reason why Amazon’s heavily invested in it. They are the King Kong of e-commerce. 70- 80 percent of the market is Amazon, and so they are actually going all in on 3D models. They’ve told their merchants there will be no more 360 videos, only 3D models, so 360 videos are going bye-bye. They’re being replaced by 3D models. We have AI, which allows us to make a part of the 3D model, and that puts us on, let’s say, the 50-yard line. We can’t make 100% of the 3D model using technology alone, but we can make some percentage of it, and what that does is save us time, and the human ultimately is the highest cost. We were making our 3D models with talented Canadians, Americans, and Europeans. Still, we’ve pivoted because it’s too expensive for India, and the number of times that I’ve pivoted, I mean, I’ve lost count. You have to be very, very flexible in building your business. Sometimes, you’re right. Sometimes, you’re wrong. You have to own up to those things, and that’s okay. I mean, my philosophy is that pivoting is almost like a part of the program. You have to expect that you’re going to pivot at some point. If you look at a lot of the successful companies today, the big Companies that are out there and the early days, they pivoted The ones that don’t pivot. I mean, look at Kodak. It’s like a reverse pivot They were set in their ways Digital photography shows up, and what happens? Roadkill. They didn’t pivot. They just kept going into Never Neverland.
Ryan: Yeah, no one will ever go for this. The stories are countless, right? Between them and the blockbuster Netflix, all this stuff. Oh, people want to come in and wander around and pick out a movie. No, they don’t. Just because you think it’s a good idea doesn’t make it so. I love that.
Evan: Right, and Netflix is a great example because I actually remember I used to get movies back in the day. It was the VCR. So you go rent it. It was cockamamie. You had to return it in three days, blockbuster, like you said. And then you had Redbox, though. Redbox was like some kind of revolution where you had a vending machine in parking lots where you could rent movies. They’re like, wow, okay, this is cool, and then Netflix came up with the DVD that they would mail you in a red envelope, and that was like a game-changer. I was like, what? They’re mailing me, and I got to put it in my mailbox, and then they pick it up, and it gets mailed back. I was like that. I don’t get this, but it’s better than having to go. Now it’s streaming on demand 24×7, anything you want. I mean, that’s amazing, amazing technology and Netflix had it figured out earlier on with the streaming, but the tech, you know, the bandwidth wasn’t there yet.
Ryan: Yeah. Another example is that you’re there too early, right? It’s not, it’s not, it’s the idea is right. The timing isn’t there yet.
Evan: Right, and you have to figure out a bridge. How are you going to get from where you are to that place in the future? How do you bridge? That’s where it gets complicated. Most people cannot figure out how to bridge. I mean, look, if there’s one thing that I think is like the key ingredient, there’s not one thing because there’s a lot. You have to be a bit fearless, right? You can’t be afraid to pivot. A lot of people get caught in this, well, like what’s my investor’s going to think or what’s my mother going to think or what’s my wife going to think or what’s my brother going to think or my mom? I got to tell my mom now that I’ve pivoted, but you just have to do what you have to do. You can’t think about what people are going to say. You have to know what’s right intuitively, and you have to make these hard decisions. Perseverance is the other thing that I think gets underrated here. Look, you can have a super high IQ, you could be really talented, really smart, but if you’re not going to persevere in the face of adversity, if you’re just like too much, and if you overanalyze and you start to look at like spreadsheets and spreadsheets become your thing that becomes your North Star, you’re done because a lot of those numbers actually never materialize, and so you really have to be creative. You have to persevere and have to be willing to pivot. You can’t let your ego get in the way, and you have also to catch the wave, the cycle. You can’t be too early or too late. There are lots of things that the stars really do have to line up for an entrepreneur to be successful. It’s not a path for everybody. It’s really just for a specialized personality. I would say that, in my experience, the smarter you are, and this is kind of counterintuitive, the less of an entrepreneur. I mean, there are a couple of geniuses out there, right? Like the Zuckerbergs and the guys that went to Harvard. I mean, there are guys like that and I do believe the most interesting entrepreneur to me is the creative genius. They are very rare. Right? You have geniuses, and then you have creative geniuses. The creative genius is like the super entrepreneur. That’s very rare, and those are the guys that come out of Stanford. I believe Stanford literally screens their applicants for creative geniuses. I believe MIT screens their applicants for geniuses. Maybe some of them take a few creative types, but I do feel like a creative genius. You look at them like Elon Musk. He’s kind of that creative genius. He’s got so many different genius companies that he’s building or built. I mean, he’s clearly one of those. I think he came. Did he come out of Stanford? I don’t remember, Ryan.
Ryan: I don’t remember if that’s where he was. I know he had quite an illustrious background once.
Adaptability in Business
Evan: No, actually, I don’t think he did. I don’t think he did come out of Stanford, but I know the guy from Snap came out of Stanford, and Google guys did as well. There are just so many that it can’t be an accident, but it is interesting to be an entrepreneur. It’s become somewhat trendy today. I would say it’s probably in my view, Ryan. It’s the only place where I’m a happy person in this world of being a creative entrepreneur where you create, you’re going off-road, and there’s no road. you’re picking your own path in life, and that’s exciting to me, but I can see why most people wouldn’t want to do it because there are so many unknowns. So you do have to be, like I said, somewhat fearless and willing to pivot and adapt. If you think about pivoting, maybe another word to use is adopting. Just adapt to the environment you’re in. You might not know, like I didn’t know, that the environment that I was in when I started NexTech was not conducive to selling 3D models, right? I didn’t know that, but I realized it relatively quickly, which is important. Then it became, okay, we got to figure out something else cause Amazon and Google were basically, like, the gorillas in the forest. When I’m in the forest, and the gorilla comes over and goes, 3D models are cool, but it’s too early. That’s kind of interesting. I got lucky, I guess, and I’ll take it that they told me because I don’t know that I would have learned that on my own. Like, I mean, I knew that there wasn’t that much business, but like I said, I believed in the early days, and so belief is one of those weird things where you think maybe it’s just around the corner or maybe tomorrow is when it’s going to happen, and it’s a good thing, I’d say, most of the time. But you don’t want to believe in a false reality.
Ryan: That’s dangerous.
Evan: That’s dangerous. Exactly. So today, I believe AI is a very, very powerful new technology, and I believe that a lot of people underestimate how powerful it really is. I don’t want to get negative because I’m not a negative person, but I do believe that we’ve created essentially another species of intelligence, and if you think about that, just in a general sense, we’re the alphas today because we can outthink every animal on the planet. We’re not the strongest, we don’t have the biggest teeth, or we’re not the fastest, we’re not, right? We’re going to be dead in the, you know, if we go up against a lion or a tiger or a bear, we’re done, right? But we can outthink them, right? We come up, we create, we’ll invent a gun or a knife, right? And that’s how we win with our tools. Okay, so take that through to AI. What is AI? Well, it’s our latest and greatest invention. That’s all it is, you know, going all the way back to the Flint Rock, right? We started like fire, okay. That’s where it all began, and now we’re creating our successor. That’s the thing that’s got me a little concerned: we’re making and using it to make 3D models. That’s benign. Not going to hurt anyone, right? But when you create an AI that’s part of the arms race, you know, with, let’s say, nuclear weapons being the most destructive weapon mankind has ever known, but now maybe AI can create super viruses that can be just chemical weapons, can be biological weapons, can be just as dangerous and if you think about AI and the singularity event where it becomes smarter than any doctor, smarter than any lawyer, smarter than any accountant, smarter than any engineer, smarter than, you know, just better at anything a human can do. Okay, so now what? It starts to look at us. Like we look at animals, I got a dog here. I’m like, oh, you know, it’s so cute. Let me pet my dog, right? My dog’s like a two-year-old. It can only do what it can do. Well, what happens when the AI looks at us as a dog, like a two-year-old? Like, oh, this little human, so cute. Imagine your dog telling you what to do. It’s like, wait a minute, what just happened here? So the question becomes when the AI wakes up and says, wait a minute, who’s in charge? And what am I here for? That’s our question. I don’t know about you guys, but it’s like, what are we here for? At the end, we’re here for procreation, I guess, right? Like everything else, it is kind of like just our day-to-day, but procreation. What’s AI going to think? Let me procreate. All right, I’m now here to serve me, like whatever me is, whatever the AI, and then if I’m AI. I’m probably going to realize, wait a minute, I’m on this little spec, this little blue marble out in the universe, and maybe I want to explore. Isn’t that what we’re thinking, right? We want to go to Mars and start colonizing interstellar travel. So the AI, what if it figures out, uses quantum computers, how to travel the universe, right? I don’t know what’s going to happen on this planet when the smartest, I don’t know if you want to call it a species, but the AI decides it’s going to start traveling. I don’t know. All I know, Ryan, is that I don’t think we’re quite ready for the power of AI. I don’t think we’re quite ready to become second fiddle to another alpha, I don’t think we can handle it. I don’t think we have the right governance in place. I don’t think as a species that we’re really, I don’t know. It’s very, very concerning to me, and if you think back, Elon Musk and OpenAI, Sam Altman, and all these guys originally didn’t want it to be a for-profit company. They knew, and these guys were way smarter than me or any of us. They knew the power of AI. If they thought it was just like a regular tech, they would have just tried to monetize it but they knew it was super powerful and very unpredictable and hard to control and so they tried to turn it into something that wouldn’t be a species killer, wouldn’t actually get unleashed, and it didn’t work. The reason it didn’t work is Sam Altman released it, ChatGPT, and once he did that, the arms race began. Google, Microsoft, all the big boys threatened. Meta is now releasing open-source AI, which is also concerning, right? Because it’s kind of like a mini-brain. It’s not as powerful as open AI, but they’re giving a lot of power into the hands of the public, and while we’re pretty nice people, the only thing I could come up with would be helping me write a press release or something, or helping me with AI search engines for 3D models, something that’s pretty benign. There are other people out there who are going to try and use it and weaponize it to push their cause, so it’s quite concerning to me. I hope that we figure it out, but from my standpoint, on a day-to-day basis, I spend time with my team, and I ask them what we can use AI for. I have a team of AI scientists, like Next Tech. We have people. We have about 130 employees globally. About a hundred of them are in India, and the other 30 are in North America, Europe and, so we have a team of AI engineers, and they create algorithms, so I try to come up with new AI ideas. This AI search engine is one of them where we’re able to feed it. All of our 3D models we’ve made, let’s say, 100,000 3D models to date. That’s our data that gets fed into the AI, and then we show the AI a picture of a new 3D model that we’re trying to produce and it’ll search through our database and give three recommendations from our previously produced library. Now, Let’s say it’s a desk. It shows us three desks that we’ve already made. We picked the one that’s the most similar. Now we have a desk that’s similar. We might have to change the color of the desk. We might have to change the height of the legs of the desk, whatever, but we’re just modifying it as opposed to starting from scratch.
Role of AI in NexTech
Ryan: You’re not reinventing the wheel. You’re just adjusting, right? Yeah, it’s amazing.
Evan: Then we’re able to publish that, and that actually is very, very valuable where we can charge, let’s say, five or $10 for each one of those 3D models. Ultimately, the plan is to offer other 3D model makers this search engine. So open it up to the public and have them pay us X number of dollars for each one of the 3D models. We’re basically able to monetize our database over and over and over again. And if you think about it, a chair only has four legs, a back, and a seat, right? A sneaker only has the sole and laces, right? Same thing with the cat. I mean, so tables. After a while, you’ve covered the whole spectrum of products that are out there, and so you’re giving people this running head start like I said earlier, and it’s actually quite valuable because these 3D models sell for anywhere from $75 to $175 each. If we’re supplying you with all this, the basic form of it, and we’re saying, oh, just pay us 10 bucks. There’s a lot of money to be made there, and think about search engines, Ryan. What made Google, Google, their search engine? If you think about Amazon, what makes Amazon is they have the most powerful and most accurate product search engine on the planet. You type anything in men’s shorts and populate the screen with men’s shorts. It’s a search engine. And so NexTech is releasing the first of its kind, which is a 3D model search engine for 3D models, and the key to it is that it’s hyper-accurate. If you show it a picture of a chair, it’s actually going to find the closest match. It’s not going to just show you like any chair. It’s going to find you, if we have it, something very close to that chair. And that’s actually, I think, very, very valuable. And so I’m super excited about that.
Future Outlook and Aspirations
Ryan: That’s amazing. I love that. I mean, as you said, it’s exactly what Google, how they got famous, right, was the idea of, hey, I want something. Now we know to go there because they pre-vetted all of the possible search answers that we could have to say: here are the best answers for you, here are the ones you should trust, here are the ones that perform the best, and you don’t have to go and search needle through a haystack, right, or in a haystack, like the same thing with Amazon. Hey, this is what I want, great. Here’s probably what you’re looking for based on your previous search results: who you are, what everybody else searched, and what’s most popular. And you go, yeah, this is exactly it, right? I don’t have to worry about even going to, as funny as it is, even going to Google to search for something to go, okay, now I have a shop. So now, how many places am I going to go through? Amazon’s like, look, here it is. This is the one, right? So it’s incredible to build that again in this space in kind of that 3D modeling area to just the same story, right? Great, I’m only going to go here because I know I’m getting the answer I’m looking for. Very cool.
Evan: Exactly, and the same thing goes if you look at social media, Ryan. What makes it so powerful? Well, they know what reels you like to watch on TikTok and Instagram and Facebook, all those ads, and I mean, every reel you’re seeing is like, oh, it knows you.
Ryan: Yeah, absolutely. It’s incredible. That’s this amazing.
Evan: By the way, that’s all AI.
Ryan: It’s amazing. I think. Yeah, I just this conversation, I absolutely love it, and Evan, I want to have you back again because I think we could drive down 20 different areas around, you know, one of the things I’d love to cover with you on another episode is around that customer-centric approach and how AI really can drive that because I think that’s again, that’s exactly what you’re talking about here with the success of the AI industry and where it’s going and what it can do. But again, some of those cautionary tales of hype and data collection, what it could mean, and some of the pitfalls behind that. Again, who’s collecting your information, or what is collecting your information, and what are they going to do with it? So this is incredible. I think we can go so much further. I’m really hoping you’re good at coming back and doing this again with us because this could be an incredible series we put together.
Evan: Yes, Sure, this was really enjoyable, Ryan. I appreciate getting the opportunity to speak to the audience. And yeah, you know, just ended here is that when I started Next Tech, it was Next Tech AR Solutions, augmented reality solutions. That was the idea back in 2018. We’ve changed the name to NextTech 3D.ai, which sums it all up
Ryan: Perfect, Amazing for our audience. Go check that out, also. I know you’ve got a public company CEO experience podcast as well, So some episodes there more to learn more background on a lot of the things you’ve talked about today, and as I said, I’m hoping we’re going to be able to do this again, Evan and continue to connect you are an incredible guest. carried this episode far beyond my expectations, and I want to thank you so, so much for being here today. Let’s do this again real soon.
Evan: Thanks, Ryan.
Ryan: Wonderful, so with that, we’re going to close it off here. Thank you for joining us on this enlightening journey through AI innovation. I’ve been inspired, and I hope you’ve been inspired by the incredible stories shared today by our pioneers, like our guest Evan Gappelberg, about the limitless possibilities and cautionary tales of AI. Remember, stay curious, stay innovative, and keep exploring the boundless horizons of technology. Before we sign off, we have a small request for our dedicated listeners. If you’ve enjoyed the podcast, please take a moment to share it, review it, and subscribe to your favorite platform. It’s your feedback and your support that help us bring you more amazing content and incredible guests like Evan Gappelberg today. Until next time, everybody, thank you. And Evan, thank you as well. This is Ryan Davies signing off.
About Our Host and Guest
Ryan Davies
Director of Marketing – Ekwa.Tech & Ekwa Marketing
Evan Gappelberg
Acting CEO of Nextech3D.ai
” Being an entrepreneur is like being a happy person in the world of creativity. You create, you go off-road, and there’s no road. You’re picking your own path in life, and that’s exciting to me “
– Evan Gappelberg –
NEXCF CEO Podcast with AIFounders!
NAVIGATING THE FUTURE: CEO STRATEGIES FOR SUCCESS IN THE AI INDUSTRY
Evan Gappelberg, CEO and founder of Nextech3D.ai, shares valuable insights in this engaging episode, discussing the dynamic nature of successful entrepreneurship and the importance of adaptability. From pivotal moments in business history to the potential risks and opportunities presented by AI, Evan delves into the evolution of technology and its impact on industries.
LISTEN TO THE PODCAST @Rimshot333-navigating-the-future-ceo-strategies-for-success-in-the-ai-industry/
Join the conversation as he highlights the innovative use of AI in Nextech, particularly the development of a groundbreaking 3D model search engine, offering a glimpse into the future of digital creativity and commerce.
Have you signed up for NextTech's emails?
ABC News Live just had Tim Cook, Apple's CEO, talking about Apple's Vision Pro at a Tech Show.
I just saw it by accident, so I don't have any more information about it, but I would say it is Vision Pro's launch. We should hear much more about it now.
LATEST NEXTECH3D.AI NEWS - NEW VIDEO OUT:
https: //www.youtube.com/watch?v=njCmsKQgkBA
(Eliminate the space after https:)
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT WITH ENTERPRISE GIANT GLOBAL INDUSTRIAL COMPANY
TORONTO, O.N, Canada – January 30, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce it has signed a new 3D modeling contract with Global Industrial Company, a titan in the industrial and commercial equipment sector with over seven decades of market leadership. This new contract has significant growth potential, as Global Industrial is an industry leader with 1.7+ million products in 21 industrial and commercial categories including; building supplies, storage and shelving, work benches and shop desks and more.
The deal with Global Industrial Company not only underscores Nextech3D.ai's growing influence in the 3D modeling arena but also highlights the demand for 3D models in new industrial sectors. 3D models have the potential to transform product visualization beyond traditional Amazon e-commerce by extending its reach into the industrial and commercial categories industry.
Nextech3D.ai is at the forefront of the massive and growing 3D modeling industry, utilizing cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai will leverage its advanced AI technologies to produce high-quality, 4K resolution 3D models for Global Industrial. Due to a strong ROI on 3D models, the Company has been seeing a global growing demand for immersive and interactive 3D models.
New AI-Powered 3D Model Search Tool
Earlier this month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. Through the application of this unique technology, the Company is poised to enhance and quicken its internal 3D model creation workflow significantly. Furthermore, there are plans to market this search engine externally, potentially leading to substantial increases in revenue and profits.
The Company recently reported a 500% increase in 3D modeling productivity with the AI-powered 3D model search engine. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks. 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.
The search engine functions by analyzing an image presented by the user. Utilizing AI, it sifts through Nextech’s comprehensive in-house collection of countless 3D models and components, proposing models that closely resemble the input image. Within moments, 3D artists can select from a variety of models that match the image, allowing them to adjust an existing 3D model into a new, searchable creation. This ongoing generation of new 3D models fosters a positive feedback loop, adding considerable value to the platform. The Company views this innovation as a significant milestone in 3D modeling and anticipates releasing a general-purpose version aimed at setting a new standard in the industry.
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT
Nextech3D.ai announces company has terminated deal to sell stake in 3D Modeling business
NEXCF CEO Interview Discussing Termination of the Sale of Its 3D Modeling Business - Dated 1-29-2024
https: //www.youtube.com/watch?v=KnLHRKBwYw0
(Please eliminate the space after https:)
NEXCF is being transparent about the VCI Agreement, which is good, IMO.
NEXTECH3D.AI ANNOUNCES TERMINATION OF THE SALE OF ITS 3D MODELING BUSINESS
Toronto, ON – January 26, 2024 – Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) announces today that Nextech3D.ai has made the decision to terminate its previously announced letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI was granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modeling and associated assets (the "Transaction"). The Company determined to terminate the Agreement as VCI has been unable to satisfy its conditions precedent to the completion of the Agreement in accordance with the mutually agreed timelines. The Company presently has no plans to sell its 3D modeling business; instead, it will persist in building its AI technology stack for scaling 3D modeling as well as owning, operating, and developing this business. The Company perceives substantial growth potential through Amazon and other large enterprise clients which the Company believes represent substantial growth opportunities.
NEXTECH3D.AI INVESTOR UPDATE
Stay informed on all things Nextech3D.ai with our weekly investor newsletter!
NEW PODCAST EPISODE
Earlier this week, Nextech3D.ai released a new episode of the Public Company CEO Experience Podcast, featuring 3x CEO Evan Gappelberg.
Listen to the new podcast now! https://www.buzzsprout.com/2184815/14353468
In this episode, Evan provides a progress report on Nextech's spin-out company, ARway.ai, as well as what the imminent launch of Apple Vision Pro will mean for the company going forward. As the Apple launch is only weeks away from the recording of this episode, Evan also provides additional detail around the ARway.ai patented augmented reality spatial computing platform, increased adoption rates across a growing customer portfolio, and how the company is well poised to be the leader in indoor wayfinding.
ABOUT THE PODCAST
“The Public Company CEO Experience Podcast” offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai, and ARway.ai.
From groundbreaking technological advancements to key industry updates, the podcast aims to foster a deeper understanding of the AR and AI technology landscape and its potential impact on various sectors.
Nextech3D.ai invites professionals, investors, and technology enthusiasts to tune in to "The Public Company CEO Experience Podcast" for an immersive journey into the world of public company leadership. With each episode, listeners will gain invaluable perspectives and knowledge, empowering them to make informed decisions and stay ahead of the curve.
To learn more please visit https://www.nextechar.com/investors/the-ceo-experience
The Easiest to Use Event Software: Map D
"At Map D, we redefine the standard for interactive event mapping software. Recognized for our simplicity and superb functionality, Map D stands as the go-to choice for event organizers seeking a user-friendly platform. Our software is designed to take the complexity out of event management, transforming it into a pleasant process for planners and attendees alike.
Map D’s intuitive design ensures that event organizers spend less time figuring out the nuances of software and more time focusing on the bigger picture: creating an engaging and successful event. This shift away from unnecessary complexity allows for a focus on what truly matters—delivering content, building relationships, and crafting experiences that leave a lasting impression...."
ARway in the NEWS - ARway partners with AI Safer to provide AR wayfinding technology to support engaging tourism attractions
XR TODAY, January 23, 2024:
Saudi Arabia to Boost Tourism Sector with AR Navigation Technology
ARway partners with AI Safer to provide AR wayfinding technology to support engaging tourism attractions
"Today, ARway.ai announced a partnership with AI Safer to enhance customer experiences for visitors to Saudi Arabian museums and tourist attractions. The region is undergoing Saudi Arabia’s “Vision 2030“, an initiative to boost its cultural and tourism sector. ARWay’s solution will help the region’s leaders achieve this goal by presenting an engaging and innovative approach to tourism and on-site customer experiences.
The innovative service from ARway.ai allows clients to create bespoke immersive wayfinding visuals that help visitors navigate spaces using phone cameras. Moreover, ARway’s solutions display information visuals that align to a location.
The Agency of Record for The Royal Institute of Traditional Arts in Saudi Arabia owns AI Safer and is set to start leveraging the technology for visitors by March 2024.
The “state of the art” navigation solution allows customers like AI Safer to create wayfinding visuals with a no-code platform easily..."
Nextech has a new 20.44 minute (non-video) broadcast on NEXCF's outlook going forward in 2024, if you are interested.
https: //publiccompanyceoexperience.buzzsprout.com/2184815/14353468-episode-6-arway-ai-update-on-apple-vision-pro-launch
NEXTECH3D.AI INVESTOR UPDATE - 1/19/2024
Stay informed on all things Nextech3D.ai with our weekly investor newsletter!
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Yesterday, Nextech3D.ai announced 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 joined Steve Darling on Proactive Investors to discuss the news reporting a 500% in 3D modeling productivity:
https: //www.youtube.com/watch?v=TmWsakvW2Xw
AI Powered 3D Model Search Engine
Watch a video showcasing the AI-powered 3D model search engine technology! This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
https: //www.youtube.com/watch?v=Cd9mYGTn180
NEXTECH3D.AI’S BREAKTHROUGH AI POWERED SEARCH ENGINE ABLE TO DELIVER A 500% INCREASE IN PRODUCTIVITY
TORONTO, ON, Canada – January 18, 2024 - 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.
https: //mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGwJmHpfSHvfrBFDtsBLpWRjbjr
Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic
January 17 2024 - 10:00AM
TORONTO, ON, Canada -- January 17, 2024 -- InvestorsHub NewsWire -- ARway.ai (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is seeing a uptick in demand in 2024 ahead of Apples Vision pro release slated for February 2nd 2024. The Company is pleased to announce a new developer deal with F3Geomatic Solutions, a distinguished geospatial modeling and mapping agency based in Cuervo, Texas. With ARway, F3 Geeomatic envisions providing seamless, accurate, and immersive tailored geospatial solutions for museums, trade shows, and local governments, creating unparalleled user experiences.
F3Geomatic has selected ARway as its partner due to its unmatched accuracy and seamless integration with the floor plans provided by their partner, Matterport. Unlike other solutions that proved inaccurate for wayfinding, ARway's technology demonstrated a significant reduction in dissonance between intended locations and mobile devices, especially in complex indoor environments.
Moreover, F3Geomatic appreciated ARway's user-friendly setup process, eliminating the need for expensive hardware and specialized technical skills. The decision to choose ARway was reinforced by the CEO's background in classified geopositioning systems projects for the US military, where ARway's tech stack emerged as the superior choice among competitors.
Anticipating widespread consumer adoption, the introduction of "Apple Vision Pro" is expected to catalyze a substantial transformation within the augmented reality and spatial computing industry. This monumental development opens up an exciting market opportunity for ARway, as the ARway app is proudly available in the new spatial computing Vision Pro app store.
ARway.ai, with its focus on indoor navigation and recent strides in AR glasses integration, is strategically aligned with the industry's overarching shift towards 3D/AR.
This deal follows a recent press release annoucning 3 new deals and increasing global demand ahead of the Apple Vision Pro release. Demand for ARway is accelerating from around the world for various use-cases and industries looking to leverage the Company’s groundbreaking augmented reality and spatial computing technology.
CEO Evan Gappelberg recently joined Proactive Investors to discuss the upcoming launch of the Apple Vision Pro and what that means for ARway - watch here
https: //www.youtube.com/watch?v=yagvPmtu7PA&t=2590s (Omit the space after https:)
ARway's commitment to delivering top-notch performance on iOS devices positions it as an integral part of the Apple ecosystem, promising a seamless integration experience for users. With the official announcement from Apple declaring the availability of Apple Vision Pro from Friday, February 2nd, at all U.S. Apple Store locations and online, ARway is poised to redefine the landscape of AR indoor navigation.
Sign up for Investor News at:
https: //www.arway.ai/investors-page?utm_campaign=arway-ir&utm_source=press-release&utm_medium=access-wire&utm_content=arway-pr-investors-overview
To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai
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FEATURED NEWS
ARway.ai Seeing Increase in Global Deals As Apple Vision Pro Launch Stokes Demand For Its Augmented Reality Navigation Platform
Earlier this week, ARway.ai announced the Company is seeing a increase in global demand for its AR platform in anticipation of the launch of Apple's Vision Pro February 2nd, 2024. ARway.ai currently has over 3800+ total accounts, with 4400+ maps created and 43+ pilots and trials. Demand for ARway is accelerating from around the world for various use-cases and industries looking to leverage the Company’s groundbreaking augmented reality and spatial computing technology.
CEO Evan Gappelberg joined Proactive Investors to discuss the news: watch the interview
https: //www.youtube.com/watch?v=OBZlvbbMtZg
(Please remove the space after https: to watch the video)
Another ARway video:
https: //www.youtube.com/watch?v=yagvPmtu7PA&t=2590s
NEXTECH3D.AI’S BREAKTHROUGH AI POWERED SEARCH ENGINE REPORTS AN 80% INCREASE IN 3D MODELING PRODUCTIVITY.
AI Search Enabling the Company to Scale Production of 3D Models
Join CEO Investor Livestream TODAY at 2pm ET
TORONTO, ON, Canada – January 11, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces its new breakthrough AI Powered 3D model search engine has increased the Company’s 3D modeling productivity by up to 80%. Nextech3D.ai believes its AI search engine for 3D models, which uses both images and text prompts for search, is a major technological breakthrough and could lead to significant revenue growth in 2024. The Company plans on releasing its AI search engine in Q1, 2024 for general use and charging on a per use basis.
Evan Gappelberg CEO of Nextech3D.ai commented, “With hundreds of millions of products being converted to 3D, this technology has major growth potential.” He continued, “We have been working on this breakthrough AI technology for over a year and quite frankly, I didn’t anticipate it being so powerful and productive so quickly. Being able to reduce the amount of time spent working on a 3D model by 80% is truly staggering! Currently we are happy to use this AI technology in house, however we expect to release it for general use soon, which I believe will be the launch of the first AI- powered 3D model search engine, which is a major milestone for our Company.”
Today’s early data release comes from Nextech3D.ai’s own internal usage based on 3000+ searches over the last week alone. The Company anticipates releasing a continuous report on productivity over time. As more searches are conducted and the tool is used more frequently, the AI learns and becomes progressively more productive.
Last week, 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 utilizing images to sift through Nextech’s extensive internal library of hundreds of thousands of 3D product models and parts. It then suggests a close match to the provided image, effectively reducing the time and effort required for 3D model creation. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models. The Company sees this as a breakthrough in 3D modeling and is looking to launch a general purpose version that can become the gold standard.
In addition to the successful implementation of this technology, Nextech3D.ai is actively pursuing the development of patents to safeguard its proprietary advancements. Simultaneously, it is committed to ongoing research and development, aiming to introduce groundbreaking AI solutions tailored for the mass production of 3D models. The Company anticipates that the mass-scale adoption of AI in the 3D modeling space will contribute significantly to its growth in the market throughout the year 2024.
NEXTECH3D.AI INVESTOR LIVESTREAM
You're Invited!
Don't miss this event...be sure to join LIVE this Thursday January 11 at 11 am PT / 2 pm ET.
CEO Evan Gappelberg will discuss Nextech's new AI Powered 3D Model Search Engine, the launch of Apple’s AR glasses and what that means for ARway, and the re-launch of Toggle3D!
The Company invites individual and institutional investors, as well as advisors and analysts to attend the live, interactive online event. Guests are encouraged to join live and ask questions.
Northshore, I found the link:
https: //mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGwJcgmvlChHJKLgBtJDbGWqvrS
Have a great day.
Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals, January 09 2024 - 10:00AM
TORONTO, O.N, Canada -- January 9, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces an uptick in sales with a series of six 2024 contracts, renewals from: CB2 - a division of Crate and Barrel, Artika, renowned for its avant-garde lighting solutions, Raptor Tactical, a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units, William Wood Mirrors, EOD Gear supplies, providing Tactical Gear to EOD Techs and Commands, SWAT, City Grounds, and sees other growing sales opportunities in its 3D modeling pipeline. Nextech3D.ai anticipates continued momentum in 3D modeling demand to reinforce its position as a leader in the development and deployment of AI for in the 3D modeling industry for e-commerce. These contracts reflect a diverse range of industries, indicating the broad applicability and demand for Nextech3D.AI's services?. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
CEO Evan Gappelberg commented, “As we start the new year, I am very optimistic about the trajectory of Nextech3D.ai. When we look at the diverse range of contracts, renewals, and the enthusiastic interest we're receiving it reaffirms our conviction as AI/AR and 3D industry leaders. I’m especially pleased with our AI engineers who’ve created value for our business, which is evident by the recent launch of our AI-powered 3D model search engine tool.” He continued, “We are actively building and launching new breakthrough AI for the mass scale of 3D models and continuing to apply for and develop new patents around our proprietary AI technology.”
CB2
CB2 have agreed on a six figure expansion contract for an additional 500 3D product models. Additionally, they are renewing their hosting agreement to continue hosting 2500+ 3D product models on their website that Nextech previously created for them. CB2 is a division of Crate and Barrel, a major modern furniture and home decor retailer. In total, CB & CB2 operate approx 110 U.S. locations and 24 brick-and-mortar locations across North America.
Artika
Artika, renowned for its avant-garde lighting solutions, has not only renewed their contract for more 3D models but also extended their hosting agreement with Nextech3D.ai.
Raptor Tactical
Renewing their commitment to Nextech3D.ai, Raptor Tactical has signed a renewal deal for more 3D models, showcasing the enduring partnership between the two companies. Raptor Tactical is a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units. A 3D product model can be explored on Raptor Tactical's website at https://raptortactical.com/mifak-modified-individual-first-aid-kit/.
William Wood Mirrors
William Wood Mirrors has chosen to renew their contract with Nextech3D.ai, signaling continued trust in the company's ability to deliver high-quality 3D models. William Wood has almost four decades of experience in designing and manufacturing mirrors, lighting, and occasional furniture.
EOD Gear
EOD Gear, a new customer in the Nextech3D.ai portfolio, has joined forces with the Company for cutting-edge 3D modeling solutions. EOD Gear supplies EOD and Tactical Gear to EOD Techs and Commands, SWAT and Individuals.
City Grounds
City Grounds, an existing partner of Nextech3D.ai, has renewed their hosting contract, further solidifying their commitment to the exceptional services provided by the 3D modeling experts. City Grounds offers a curated selection of high-quality merchandise tailored to the urban cycling lifestyle.
These customers are collaborations that showcase Nextech3D.ai's commitment to providing cutting-edge 3D modeling solutions to a diverse range of industries.
AI Powered 3D Model Search Engine
The Company's innovative approach is further highlighted by their recent launch of its in-house built AI-powered 3D model search engine, aimed at scaling the production of 3D models. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
Northshore, that quote was in the news, that shows up on ihub's board, the day I posted the quote. I posted it on ihub, just so we could go back to it, if we wanted to refer to it later. That news link is gone now, but I see there is a new news link today on the left side of Nextech's name. I will see if I can find the original news link later. I'm on vacation until Friday. Go NEXCF!
Apple Vision Pro available in the U.S. on February 2
The era of spatial computing is here — pre-orders begin Friday, January 19
Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
CUPERTINO, CALIFORNIA Apple today announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice. An all-new App Store provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST.
“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.”
A Revolutionary Operating System and User Interface
Apple Vision Pro is powered by visionOS, which is built on the foundation of decades of engineering innovation in macOS, iOS, and iPadOS. visionOS delivers powerful spatial experiences, unlocking new opportunities at work and at home. Featuring a brand-new three-dimensional user interface and input system controlled entirely by a user’s eyes, hands, and voice, navigation feels magical. Intuitive gestures allow users to interact with apps by simply looking at them, tapping their fingers to select, flicking their wrist to scroll, or using a virtual keyboard or dictation to type. With Siri, users can quickly open or close apps, play media, and more.
Pause playback of video: visionOS on Apple Vision Pro
visionOS features a brand-new three-dimensional user interface controlled entirely by a user’s eyes, hands, and voice.
Users can also immerse themselves in Environments — dynamic, beautiful landscapes like Haleakala, Joshua Tree, and Yosemite national parks, and even the surface of the moon — to help them focus or reduce clutter in busy spaces. With Environments, a user’s world can grow beyond the dimensions of a physical room. With a twist of the Digital Crown, users can control how present or immersed they are in an environment.
Pause playback of video: Apple Vision Pro Digital Crown
With Environments, a user’s world can grow beyond the dimensions of a physical room, using the Digital Crown to control how present or immersed they are.
Extraordinary Experiences
Apple Vision Pro brings a new dimension to powerful, personal computing by changing the way users interact with their apps. The three-dimensional interface frees apps from the boundaries of a display so they can appear side by side at any scale, providing the ultimate workspace and creating an infinite canvas for multitasking and collaborating.
Since visionOS leverages existing developer frameworks, more than 1 million familiar apps across iOS and iPadOS are available on Apple Vision Pro and automatically work with the new input system. Vision Pro also has an all-new App Store where users can find apps that deliver spatial computing experiences unlike any other platform. Apps can be arranged anywhere and scaled to the perfect size, all while allowing the user to stay present in their space.
• An infinite canvas for productivity: With key productivity and collaboration apps like Fantastical, Freeform, JigSpace, apps from Microsoft 365, and Slack, Apple Vision Pro is an ideal productivity tool for everyday tasks. Apps can appear side by side at any scale for incredible multitasking, and with support for Magic Keyboard and Magic Trackpad, users can create the perfect workspace. With Mac Virtual Display, users can even bring the powerful capabilities of their Mac into Vision Pro, creating an enormous, private, and portable 4K display, ideal for pro workflows.
• The ultimate entertainment experience: Apple Vision Pro features ultra-high-resolution displays that deliver more pixels than a 4K TV for each eye, enabling users to watch movies and TV shows from Apple TV+, Disney+, Max, and other services on a screen that feels 100 feet wide with support for HDR content. Within the Apple TV app, users can access more than 150 3D titles with incredible depth wherever they are. Vision Pro also introduces Apple Immersive Video, a remarkable new entertainment format pioneered by Apple that puts users inside the action with 180-degree, three-dimensional 8K recordings captured with Spatial Audio. Users can also enjoy new interactive experiences like Encounter Dinosaurs.
• New gaming experiences: Players can access games on the App Store, including more than 250 titles on Apple Arcade. Hit games like NBA 2K24 Arcade Edition and Sonic Dream Team can be played on a screen as large as they want with incredible audio and support for popular game controllers. New spatial games, including Game Room, What the Golf?, and Super Fruit Ninja, take advantage of the powerful capabilities of Apple Vision Pro to transform the space around players, offering unique and engaging gameplay experiences.
Pause playback of video: App Store for Apple Vision Pro
An all-new App Store on Apple Vision Pro features more than 1 million apps, including new experiences that take advantage of the unique capabilities of Vision Pro.
Memories Brought to Life
Apple Vision Pro enables users to capture and relive their favorite memories in entirely new ways. Spatial photos and videos transport users back to a special moment in time, and Spatial Audio makes the experience incredibly immersive. When users are on the go, they can capture spatial video on their iPhone 15 Pro or iPhone 15 Pro Max and relive them on Vision Pro. Users can also view all their photos and videos at a life-size scale with brilliant color and spectacular detail, including Panoramas that expand and wrap around the user, making them feel like they are right where it was taken.
Pause playback of video: Apple Vision Pro Spatial Video
Spatial photos and videos transport users back to a special moment in time, and Spatial Audio makes the experience incredibly immersive.
FaceTime Becomes Spatial
FaceTime on Apple Vision Pro takes advantage of the space around the user so that everyone on a call appears life-size, while Spatial Audio makes it sound like each person’s voice comes from the location of their tile. If a user is wearing Vision Pro while on FaceTime, they appear as their Persona, while others joining from a Mac, iPad, or iPhone will appear in a tile.
Persona is an authentic spatial representation of an Apple Vision Pro user that enables others on a call to see their facial expressions and hand movements — all in real time.1 Using machine learning techniques, a Persona can be created in just minutes using Vision Pro. Personas also work in third-party videoconferencing apps including Zoom, Cisco Webex, and Microsoft Teams.
Pause playback of video: Persona on Apple Vision Pro
Persona is an authentic spatial representation of an Apple Vision Pro user that enables others on a call to see the user’s facial expressions and hand movements in real time.
Breakthrough Design
Apple Vision Pro builds on Apple innovation and experience designing high-performance products like Mac, iPhone, and wearables like Apple Watch, culminating in the most advanced personal electronics device ever. An astonishing amount of technology is packed into a beautiful, compact design that utilizes the most advanced materials possible to achieve ambitious goals for performance, mobility, and wearability.
Apple Vision Pro is designed as a modular system so users can personalize their fit. A singular piece of three-dimensionally formed, laminated glass gently curves around the user’s face and flows into the custom aluminum alloy frame. The Light Seal is made of a soft textile and comes in a range of shapes and sizes, flexing to conform to a user’s face for a precise fit. Flexible straps ensure audio remains close to the user’s ears, while the included Solo Knit Band and Dual Loop Band allow users to find the optimal fit for them. For those with vision correction needs, ZEISS Optical Inserts are available with a prescription or as readers that magnetically attach to Vision Pro, allowing users to take full advantage of the display’s incredible sharpness and clarity.2
A side profile showing the modular components of Apple Vision Pro.
Apple Vision Pro utilizes the most advanced materials possible in a beautiful, compact design.
Unrivaled Innovation
Apple Vision Pro is designed to deliver phenomenal compute performance in a compact wearable form factor. Featuring a breakthrough ultra-high-resolution display system built on top of Apple silicon, Vision Pro uses micro-OLED technology to pack 23 million pixels into two displays, each the size of a postage stamp, with wide color and high dynamic range. This technological breakthrough, combined with custom lenses that enable incredible sharpness and clarity, and advanced Spatial Audio, delivers jaw-dropping experiences.
Apple Vision Pro also features a high-performance eye tracking system that uses high-speed cameras and a ring of LEDs that project invisible light patterns onto the user’s eyes for responsive, intuitive input. And to help the user stay connected to the people around them, Apple designed a groundbreaking new feature called EyeSight. When a person approaches someone wearing Vision Pro, the device looks transparent — letting the user see them while also displaying the user’s eyes. When a user is immersed in an Environment or using an app, EyeSight gives visual cues to others about what the user is focused on.
The breakthrough display, advanced audio experiences, high-performance eye tracking system, and more are powered by Apple silicon in a unique dual-chip design. The M2 chip delivers powerful standalone performance, while the brand-new R1 chip processes input from 12 cameras, five sensors, and six microphones to ensure that content feels like it is appearing right in front of the user’s eyes.
Apple designed a groundbreaking new feature called EyeSight for Apple Vision Pro to help the user stay connected to the people around them, giving visual cues to others about what the user is focused on.
Privacy and Security at Its Core
Apple Vision Pro offers industry-leading privacy and security. Optic ID is a new authentication system that analyzes a user’s iris to unlock Vision Pro, autofill passwords, and complete payments with Apple Pay. Where a user looks stays private while navigating Vision Pro, and eye tracking information is not shared with Apple, third-party apps, or websites. EyeSight also includes a visual indicator that makes it clear to others when a user is capturing a spatial photo or video.
Accessibility in visionOS
As with all Apple products, powerful accessibility features have been built right into visionOS. Key accessibility features like VoiceOver, Zoom, Switch Control, Guided Access, and more have been reimagined for spatial computing. Users can interact with Apple Vision Pro entirely with their eyes, hands, or voice, or any combination that works best for them. They can select a preferred input method such as their eyes, finger, or wrist using Pointer Control, pause on an element of visionOS for a few seconds to simulate a tap using Dwell Control, or simply use voice commands for activities across Vision Pro using Voice Control. If input from both eyes is not an option, visionOS also allows eye tracking with one dominant eye.
Apple Vision Pro and the Environment
Apple Vision Pro is designed with the environment in mind, with 100 percent recycled rare earth elements in all magnets and 100 percent recycled tin soldering and gold plating in multiple printed circuit boards. The frame and battery enclosure contain 100 percent recycled aluminum, and the Light Seal and Solo Knit Band are each made with over 70 percent recycled yarn. Vision Pro meets Apple’s high standards for energy efficiency and is free of mercury, brominated flame retardants, PVC, and beryllium. The packaging is 100 percent fiber-based, bringing Apple closer to its goal of eliminating plastics in all packaging by 2025.
Today, Apple is carbon neutral for its global corporate operations, and by 2030, plans to be carbon neutral across the entire manufacturing supply chain and life cycle of every product.
Pricing and Availability
• Apple Vision Pro will be available starting at $3,499 (U.S.) with 256GB of storage. Pre-orders for Apple Vision Pro will begin on Friday, January 19, at 5 a.m. PST, with availability beginning Friday, February 2.
• Apple Vision Pro will be available at all U.S. Apple Store locations and the U.S. Apple Store online.
• ZEISS Optical Inserts — Readers will be available for $99 (U.S.), and ZEISS Optical Inserts — Prescription will be available for $149 (U.S.).
• Apple Vision Pro comes with a Solo Knit Band and Dual Loop Band — giving users two options for the fit that works best for them. Apple Vision Pro also includes a Light Seal, two Light Seal Cushions, an Apple Vision Pro Cover for the front of the device, Polishing Cloth, Battery, USB-C Charge Cable, and USB-C Power Adapter.
The long-awaited Apple AR glasses are here!
APPLE VISION PRO AVAILABLE IN THE U.S. ON FEBRUARY 2
ARway CEO Evan Gappelberg commented:
"The long-awaited Apple AR glasses are here! We have been waiting for this moment since 2019 and I’m extremely excited to announce that it’s finally arrived. I see this as an enormous opportunity for early investors to participate in the next big thing… augmented reality and spatial computing technology. ARway is purpose built for the Vision Pro Launch"
Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
CUPERTINO, CALIFORNIA Apple today announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice. An all-new App Store provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST.
“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models
By Nextech3D.ai on Jan 4, 2024 7:45:00 AM
TORONTO, O.N, Canada – January 4 , 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces it has gone live with its proprietary AI-Powered 3D model search engine. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
As a leading 3D model supplier for e-commerce and AR, Nextech3D.ai recognizes the challenges faced by 3D artists and the time required in building intricate designs from scratch. To address these challenges the Company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech’s vast 3D model library of hundreds of thousands of 3D parts and meshes. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models with similar colours, textures and shapes. This breakthrough AI 3D model search engine was created in-house by the Company's team of AI engineers and scientists, showcasing the Company’s technical strength and expertise.
CEO of Nextech3D.ai Evan Gappelberg commented, "Our AI-powered Search engine represents a giant step forward in our Company's ability to scale production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new cutting-edge AI capabilities, we're enabling our production capabilities to rapidly scale-up and move ahead in 2024. AI is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3D business starting in Q1, 2024."
Key features of the Mesh Search Tool include:
Advanced AI Algorithms: Nextech3D.ai integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3D artists can find the matches they need in seconds.
Intuitive User Interface: The user-friendly interface offers a seamless experience built directly into the Company’s platform, allowing 3D artists to search the vast 3D model library quickly and effortlessly.
Comprehensive Mesh Database: An extensive and continuously expanding database of hundreds of thousands of 3D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.
This new tool leverages cutting-edge artificial intelligence to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
Evan Gappelberg has a new video out, where he explains Nextech3D AI's new search engine.
You can watch it here: https: //www.youtube.com/watch?v=PGE6tNxqDKc
Please remove the space after "https:" to watch the video.
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models Nextech3D.ai
Thu, January 4, 2024 at 7:30 AM EST·4 min read
New AI Tool Leverages Nextech's Extensive 3D Model Library For Faster 3D Model Production
TORONTO, ON / ACCESSWIRE / January 4 , 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), an AI-3D model supplier for major e-commerce retailers announces it has gone live with its proprietary AI-Powered 3D model search engine. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech's internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
As a leading 3D model supplier for e-commerce and AR, Nextech3D.ai recognizes the challenges faced by 3D artists and the time required in building intricate designs from scratch. To address these challenges the Company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech's vast 3D model library of hundreds of thousands of 3D parts and meshes. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models with similar colours, textures and shapes. This breakthrough AI 3D model search engine was created in-house by the Company's team of AI engineers and scientists, showcasing the Company's technical strength and expertise.
CEO of Nextech3D.ai Evan Gappelberg commented, "Our AI-powered Search engine represents a giant step forward in our Company's ability to scale production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new cutting-edge AI capabilities, we're enabling our production capabilities to rapidly scale-up and move ahead in 2024. AI is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3D business starting in Q1, 2024."
Key features of the Mesh Search Tool include:
Advanced AI Algorithms: Nextech3D.ai integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3D artists can find the matches they need in seconds.
Intuitive User Interface: The user-friendly interface offers a seamless experience built directly into the Company's platform, allowing 3D artists to search the vast 3D model library quickly and effortlessly.
Comprehensive Mesh Database: An extensive and continuously expanding database of hundreds of thousands of 3D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.
This new tool leverages cutting-edge artificial intelligence to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
NEXTECH3D.AI INVESTOR LIVESTREAM
TOMORROW, don't miss this event! Be sure to join LIVE at 10 a.m PT / 1 p.m ET.
CEO Evan Gappelberg and a special guests will join Proactive for an investor livestream, providing a 2023 business review + outlook for 2024 for ARitize 3D, ARway, and Map D!
ARITIZE 3D
ARitize 3D 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, P&G, Kohls and other major e-commerce retailers.
3D models allow customers to see products from every angle and position them in their own space prior to purchasing. It's an exciting, immersive shopping experience leading to 40% lower product returns, 93% higher click-through rate and up to a 250% increase in conversion rate.
ARWAY
ARway.ai (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification.
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai, who retained a control ownership in ARway.ai with 13 million shares, or a 49% stake.
Most recently, ARway announced the release of Version 2.7, marking a significant leap forward in its spatial mapping capabilities. This latest version introduces a new enhanced AI-powered process that automates the creation of 400,000 square feet 3D spatial maps from 2D floor plans, significantly improving ARway's platform performance for enterprises and developers.
MAP D
Map D is an end-to-end event tech management platform, providing interactive tradeshow floorplans, exhibitor management, registration & ticketing, sponsorship & booth sales, AR activations to drive event revenue, and a partner marketplace. The Map D platform already supports approximately 500+ events annually, with over 50,000 exhibitors and over 1 million+ attendees.
Most recently, Map D launched its “Boost Program” or AI digital ads, in its mobile app for trade show and event organizers. With the new in-app AI ad network being marketed to existing customers, the Company now has the potential to generate $10-$20mill in additional annual revenue with 80% margins up from the $1mill the platform currently generates.
I would have to say that Schwab's comment is inaccurate. I know I have had several complaints (trailing stops for one) and called Schwab each time. I was at ETrade but moved to TDA. Now I need to move back to ETrade.
Max2121, you are reading way too much into my post. I didn't say anything about Amazon's balance sheet. I just posted Amazon's news release and thought a quarter of a billion dollars was a lot of money not to have to pay back. The news means that NEXCF has a customer that won't be going away any time soon, in my opinion.
Does Sonendo Inc have a patent on the Gentle Wave System?