Alset Capital Inc. Announces Strategic Partnership with AI Data Engineering and Automation Pioneer, NOM NOM AI Inc. by Investee Company Vertex AI Ventures Inc.

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VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Alset Capital Inc. (TSXV:KSUM)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce that on May 20, 2024, its investee company, Vertex AI Ventures Inc. ("Vertex") has entered into a strategic AI data engineering and automation partnership with Nom Nom AI Inc. ("Nom Nom") in accordance with the terms of a Master Services Agreement between Vertex and Nom Nom (the "Master Services Agreement").

The design and development of Large Language Models ("LLMs"), and other AI products, requires the processing of massive amounts of data. ChatGPT-4, as an example, had 1.76 trillion parameters¹. Vertex, led by Niko Kontogiannis, seeks to offer Data Management tools to companies, to improve their customers' business intelligence and ability to innovate.

"This partnership marks a significant milestone for Vertex as we seek to drive innovation in managed data services and AI." said Niko Kontogiannis, Director of Vertex. "Nom Nom's expertise perfectly complements our offerings seamlessly, enabling us to deliver exceptional value to clients. By integrating Nom Nom's patent pending data management technology, we are uniquely positioned to cultivate long-term client relationships by enhancing data quality, security and infrastructure performance."


"Our collaboration with Vertex represents a significant step forward in our mission to revolutionize data engineering, security, automation and AI optimization", said Nam Nguyen CEO of Nom Nom. "By leveraging Nom Nom's proprietary data solutions, Vertex is poised to deliver unparalleled value to businesses, driving innovation and efficiency in today's data-driven world."

Nom Nom is a pioneer in data engineering, security, and automation as a service. Their knowledge and expertise provides innovative solutions that leverage artificial intelligence to streamline operations, reduce operational and capital expenses, and ensure businesses maintain a competitive edge in today's data-rich environment. With data volumes reaching unprecedented levels, the demand for sophisticated analytics and scalable solutions has never been more urgent. Nom Nom's expertise in managing, integrating, and automating vast datasets positions them as a cornerstone in the evolving landscape of data management and artificial intelligence. Nom Nom seamlessly integrates hardware with their software capabilities, granting clients comprehensive access to data insights through their user-friendly interface. Vertex clients will also gain an intuitive interface that enhances their understanding of data.