Nextech3D.AI (OTC: NEXCF): This Generative AI Stock Filed To Move To NASDAQ

With growing demand for generative artificial intelligence (AI), the market could explode to about $1.3 trillion over the next decade, says Bloomberg Intelligence, from just $40 billion last year. Even better, generative AI could add between $2.6 trillion and $4.4 trillion a year to the global economy. That’s according to a new McKinsey report, which also said it could have a significant impact across all industry sectors. 

In addition, according to Goldman Sachs. Generative AI could drive a 7% (or almost $7 trillion) increase in global GDP and lift productivity growth by 1.5 percentage points over a 10-year period. Better, Amazon is using generative AI to help summarize product reviews. Salesforce also just announced plans to invest $500 million in generative AI startup companies to accelerate the development of AI.

Yet even with all of this rapid growth, we’re still in the initial stages of the AI story. One that’s already having a positive impact on AI companies, such as Nextech3D.AI NEXCF NTAR.

Nextech3D.AI NEXCF NTAR is a generative AI-powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers. In addition, Nextech3D.ai is also rapidly becoming the dominant 3D model supplier in the 2D photo -3D models transformation happening in the $5.7 trillion global e-commerce industry.

The technology involves the use of breakthrough, patent-pending Generative AI to produce photo realistic 4K, 3D models for online shoppers at hyper-scale.

Instead of looking at a flat, 2D image of a product before adding it to your online cart…you will have the ability to see exactly what that product will look like in your home from every possible angle using 3D models and augmented reality...the two most transformative shifts in the history of the $5.7 trillion ecommerce ecosystem.

The company also just filed to up list its common stock to the NASDAQ Capital Market, and change its name. The company also executed the first end-to-end demonstration in the real-world of its “FIXED POINT DIFFUSION FOR ROBUST 2D TO 3D CONVERSION” technology to be used for e-commerce. Nextech3D.AI uses fixed-point diffusion for learning to construct 3D models from 2D reference photos as was described in a recently filed provisional patent. 

Plus, it just revealed it just secured a significant renewal contract with an S&P 400 company, and the largest department store in the U.S. Under the terms of the contract, Nextech3D.ai will provide over 5,000 3D models of the companies’ most popular products. 

Nextech3D.AI: Strong History of Developing and Acquiring Disruptive Technology

Nextech3D.AI develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies, issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out. 
In October 2022, for example, it completed its first spin-out ARway.ai, 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. 

In June 2023, Nextech3D.AI completed its second spinout of Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. 

Learn more about Nextech3D.AI here.

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This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.