Thursday, May 09, 2024 10:45:16 AM
New AI Increasing 3D Model Production up to 40%
The search engine has over 200,000 3D models with unlimited color and texture variations
TORONTO, O.N, Canada – May 9, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is pleased to announce the success of its proprietary AI-Powered 3D model search engine launched in Q1, 2024. This innovative AI 3D model search engine uses AI powered by Nvidia's GPUs to speed up and scale-up operations for the 3D modeling process. The AI search engine uses images to search Nextech's internal library of 3D models and meshes and then recommends a close match to the given image. The Company is pleased to report that as a direct result of this AI search engine, it is achieving as high as 40% increase in production 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 to build 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 2000,000+ 3D models with similar colors, textures, and shapes. This 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.
Watch a demo of the AI-powered 3D model search engine tool:
https: //www.youtube.com/watch?v=Cd9mYGTn180
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.
CEO of Nextech3D.ai Evan Gappelberg commented, "We are investing in our AI capabilities to stay competitive in the 3D model market and we see our AI search engine as just one of our investments that are paying off. Our AI-powered Search engine enabling our production to increase by as much as 40% represents a giant step forward in our Company's ability to scale the production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new AI capabilities, we're enabling our production capabilities to rapidly scale up and move ahead in 2024. Our patented and patent-pending AI along with new Nvidia GPU tech 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 in 2024."
Some other notable investments in AI that are in the news:
• Meta has purchased 500,000 more AI GPUs for a total of 1 million AI GPUs, which is valued at $30 billion
• OpenAI CEO Sam Altman plans to spend $50 billion a year on AGI development (artificial general intelligence) by using 720,000 NVIDIA H100 AI GPUs that cost a hefty $21.6 billion.
• Microsoft is aiming for 1.8 million AI GPUs by the end of 2024, while OpenAI wants to have 10 million AI GPUs before the end of the year.
• Read more: https://www.tweaktown.com/news/98089/meta-ai-boss-confirms-the-company-has-purchased-around-30-billion-worth-of-nvidia-gpus/index.html
• Read more: https://www.tweaktown.com/news/98089/meta-ai-boss-confirms-the-company-has-purchased-around-30-billion-worth-of-nvidia-gpus/index.html
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 artificial intelligence algorithms to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
ARitize3D is your one-stop-shop AR solution with automated 3D model creation at an unbeatable price. Our Artificial Intelligence (AI) will turn your existing 2D product images or CAD files into 4K 3D AI and Augmented Reality experiences. It's fast, it's easy and it will transform your e-commerce website.
ARitize3D is the One-Stop-Shop 3D + AR solution for e-commerce that is:
• Affordable - lowest cost provider
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• Frictionless - requires low implementation effort
• AI & ML powered - automated 3D model creation
• End to End - from model creation to CMS & AR visualization
Brands are invited to Contact Us to let our team help you start selling using 3D models for your online store today.
Recent NEXCF News
- Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company • InvestorsHub NewsWire • 02/13/2024 03:00:00 PM
- Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results • InvestorsHub NewsWire • 02/08/2024 03:00:00 PM
- Nextech3D.ai Signs New 3D Modeling Contract with Enterprise Giant Global Industrial Company • InvestorsHub NewsWire • 01/30/2024 03:00:00 PM
- AI-Powered 3D Model Search Engine Delivers a 500% Productivity Increase • AllPennyStocks.com • 01/18/2024 05:30:00 PM
- Nextech3D.ai's Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity • InvestorsHub NewsWire • 01/18/2024 03:00:00 PM
- Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic • InvestorsHub NewsWire • 01/17/2024 03:00:00 PM
- Nextech3D.ai's AI Powered Search Engine Reports a Breakthrough 80% Increase In 3D Modeling Productivity • InvestorsHub NewsWire • 01/11/2024 03:02:41 PM
- Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals • InvestorsHub NewsWire • 01/09/2024 03:00:00 PM
- Nextech3D.ai Builds Breakthrough AI Powered Search Engine To Scale 3D Model Production • InvestorsHub NewsWire • 01/04/2024 03:00:00 PM
- Nextech3D.ai Granted First in a Series of AI Patents for Generating 3D Models from Computer Aided Design (CAD) Data • InvestorsHub NewsWire • 12/13/2023 03:00:00 PM
- Nextech3D.ai Signs 3D Model Expansion Contract With Vornado Air LLC Bringing Its 3D Models Onto Amazon's Seller Central • InvestorsHub NewsWire • 12/11/2023 03:00:00 PM
- Nextech3D.ai Launches AI AD Network For Its Event Tech Platform Map DCEO to Demo Ad Network in Livestream TODAY at 2pm ET • InvestorsHub NewsWire • 12/07/2023 03:00:00 PM
- Nextech3D.ai Obtains New AI Tool Through Technology Transfer From Its Largest Customer • InvestorsHub NewsWire • 12/06/2023 03:04:56 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/01/2023 08:05:33 PM
- Nextech3D.ai Announces New Production Record Having Delivered More Than 50,000 3D Models • InvestorsHub NewsWire • 08/09/2023 12:00:00 PM
- Nextech3D.ai Reports Record Preliminary Q2 Revenue Up +155% To $1.4Mill & Guides Towards Breakout Q3 Revenue +200% of $1.7Mill - $1.9Mill Amid Surging 3D Model Demand • InvestorsHub NewsWire • 08/01/2023 11:04:07 AM
- Nextech3D.ai Announces $2.2 Million Expansion Contract From Its Largest Enterprise Customer Driving A Surge In 3D-Modeling Demand in Q3 • InvestorsHub NewsWire • 07/27/2023 12:00:00 PM
- News Brief: Nextech3D.AI • AllPennyStocks.com • 07/11/2023 02:19:00 PM
- Nextech3D.ai Files to Uplist on NASDAQ Capital Market and Signs Large Enterprise Renewal and Expansion Contract With Major Retailer For Over 1000 3D Models • InvestorsHub NewsWire • 07/11/2023 11:47:18 AM
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