Dl Holdings Intends To Acquire A Hong Kong-based Artificial Intelligence Data Analysis Company At A Valuation Of Us$10 Million

By Author: otis
Total Articles: 386
Comment this article

A recent announcement was made by DL Holdings Group Limited, a Hong Kong-listed asset management and financial services platform, regarding the engagement of its subsidiary in an acquisition Memorandum of Understanding (MOU) with Chain of Demand, a well-known artificial intelligence data analysis and financial services firm based in Hong Kong. The memorandum of understanding outlines the acquisition of Chain of Demand's equity, technology, and intellectual property rights in return for shares, with the value of the shares being limited to not more than ten million dollars in the United States. The purpose of this strategic action is to advance the digital transformation plan of the Group while simultaneously bolstering the development of the artificial intelligence family office system (DL-GPT) that is being developed by DL Digital Family Office and the apps that are linked with it. The main objective is to create a global ecosystem for the management of assets and the inheritance of wealth that is driven by artificial intelligence.

The worldwide artificial intelligence family office was established by DL Holdings in ...
... the middle of November 2023, after a year of preparation, with the purpose of expanding its digital family office platform. The purpose of this expansion is to hasten the development of wealth management services that are powered by artificial intelligence. In light of the high pace of technological innovation, DL Holdings intends to investigate a wider range of options and fields of study. DL Institute for New Economic Research was formed by the corporation in order to provide assistance for these activities. The institute focuses on WEB 3.0, digital money, and artificial intelligence. A book with the title "e-HKD: Building Hong Kong's New Financial System with Web 3.0" is going to be published by DL Holdings. The purpose of this book is to conduct an in-depth investigation of the circumstances and technological underpinnings that are necessary for the establishment of a virtual asset hub in Hong Kong. Promoting the Hong Kong Special Administrative Region government's support for artificial intelligence technologies and the wealth management business is aligned with this.

Andy Chen, Chairman of DL Holdings Group, used the opportunity to highlight the pioneering approach that the company has taken in transforming wealth management. He brought attention to the significant transitions that have occurred in the demographics, requirements, tastes, and management strategies of wealthy individuals as a result of technological breakthroughs and increases in human cognition. Chen emphasized the importance of developing a decentralized artificial intelligence platform that is founded on vast models and large amounts of data in order to cater to a bigger population while maintaining privacy, stability, and the continuity of unique riches.

Read More - https://bit.ly/3TpcIL1