Genesis AI Enters Agreement for Acquisition of AI GeoIntelligence Shares

Genesis AI Corporation has officially declared its option to acquire AI GeoIntelligence, a leading firm in the AI-driven geospatial data analysis domain, with a definitive agreement made on November 18, 2023. This move signals Genesis AI's strategic expansion in utilizing advanced technologies to harness actionable insights from forest data for various high-value projects globally.

About the Acquisition

The acquisition option gives Genesis AI exclusive rights to purchase 100% of the shares of the Denver-based AI GeoIntelligence. The company specializes in employing artificial intelligence to distill valuable information from forest data collected via remote sensing technologies. This acquisition has the potential to position Genesis AI as a significant player in mining, carbon sequestration, and geospatial analytics endeavors, particularly in the Australian market.

Pioneering Technologies

Genesis AI aims to leverage AI GeoIntelligence's proprietary techniques and operations, which include sophisticated data collection, processing, and analytics. These techniques are pivotal for generating digital twins, contributing to breakthroughs in early detection of wildfires, swift emergency response, and sustainable habitat management. By doing so, the corporation is poised to make impactful strides in ecological preservation and planetary health.

Financial Terms of the Option

To secure this acquisition option, Genesis AI agreed to a payment schedule spanning six months totaling USD $150,000. The option agreement also stipulates that upon exercising the option, the payment formula will be contingent on the revenue expected from any contracts inked within the option period, with a maximum cap of USD $5 million, paid mostly in common shares of Genesis AI.

Genesis AI's Vision

Genesis AI is invested in creating digital twins for real-world natural resource applications, which are studied using advanced AI and machine learning techniques. With a focus on precision geospatial analysis, forestry analytics, and contributing to the carbon sector, Genesis AI is dedicated to developing tools for efficient forest fire prediction and fostering resilient forests through effective stewardship.

AI GeoIntelligence's Expertise

AI GeoIntelligence emerges at the forefront of the intersection between AI and remote sensing, providing detailed and scalable forestry intelligence. With a team of remote sensing experts, the company enhances the classification of tree species and other vegetation, underpinning carbon offsetting initiatives, forest stewardship, and wildfire mitigation efforts.

acquisition, artificial, geospatial