VANCOUVER, BC / ACCESS Newswire / June 16, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60)(WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to provide a strategic update on the ongoing roll-out of its proprietary cloud compute platform, Lyken.AI (or "Lyken"), with an emphasis on commercial traction, infrastructure expansion, and alignment with national priorities around AI data sovereignty.
As the global demand for AI processing power surges, Canada remains significantly underrepresented in the high-performance compute landscape, posing a risk to innovation, sovereignty, and competitiveness1. Alset AI, through Lyken, plans to directly address these challenges with a bold Canada-first strategy: one focused on deploying secure, scalable, and compliant infrastructure rooted in domestic data centres and backed by capital-efficient, growth-aligned partnerships.
A Canada-first Mandate to Close the Compute Gap
Canada is at a strategic inflection point in the global AI race. Despite being home to world-class AI researchers and talent, the country controls only ~1% of global AI compute infrastructure, compared to 11% for the United States and 8% for Japan2. The resulting infrastructure shortfall has limited domestic innovation and heightened reliance on foreign hyperscalers for critical AI workloads.
Recent federal initiatives-including the Canadian Government's AI Sovereign Compute Strategy, launched in April 2024-have identified the urgent need for domestic, sovereign compute infrastructure that ensures data residency, privacy, and national innovation leadership3.
Further, a 2024 consultation led by Innovation, Science and Economic Development Canada ("ISED") emphasized Canada's overreliance on foreign compute providers, citing this as a risk to national competitiveness and AI commercialization4.
Alset AI's Canada-first mandate directly addresses these needs. Through its wholly owned Lyken.AI platform, the Company plans to deliver a compliant, secure, and localized GPU compute platform, backed by Canadian infrastructure and aligned with government and industry expectations for data sovereignty.
Alset AI is pleased to report that its channel partner, Silver Birch Growth, is generating a growing pipeline of prospective AI and enterprise clients for Lyken.AI. These opportunities span industries from enterprise AI to digital health and research, and support the Company's thesis that a domestic, compliant compute partner is needed in Canada. The Company will continue to provide updates on client conversions as appropriate.
Infrastructure Expansion in Progress
To meet rising demand, Alset AI is actively engaged in negotiations for new data centre deployments across Canada. These facilities are being scoped to host high-performance GPU clusters while adhering to strict data residency requirements, supporting a growing ecosystem of clients that require compliance with Canadian regulations and secure infrastructure.
Platform Scale Accelerated via Excel Computility
As previously announced, the Company has entered into a strategic partnership with Excel Computility Service Ltd., enabling the integration of NVIDIA H100, A100, and A6000 GPU clusters, AI-ready NAS systems, and full systems integration support into Lyken's infrastructure.
This partnership accelerates Lyken's rollout by increasing available compute capacity and performance while reducing time-to-deployment for clients.
CEO Commentary
"Canada is at a pivotal moment in the global AI race-but remains underserved in compute infrastructure," said Adam Ingrao, CEO of Alset AI. "With the Lyken platform and our Canada-first roll-out strategy, supported by our partners, we aim to deliver secure, sovereign GPU compute that the market urgently needs. The strong pipeline and my recent personal investment in the Company - 250,000 shares acquired at a price of $0.135 per share on June 4, 2025 - speak to my confidence in executing this vision."
In addition, the Company has extended its agreement with Machai Capital Inc. for an additional two (2) months, covering the period from May 22, 2025 to September 22, 2025, for total consideration of $400,000. As previously announced, this extension supports enhanced investor relations, brand visibility, and capital markets engagement as Alset AI continues to scale operations. The extension of the agreement is subject to approval by the TSX Venture Exchange.
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high- potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to the Company's strategic plans to, through Lyken, deploy secure, scalable, and compliant infrastructure rooted in domestic data centres and supported by capital-efficient, growth-oriented partnerships, as well as the Company's intentions to support the development of new data centres across Canada, and the plan for these data centres to host high-performance GPU clusters; the Company's plans to deliver a Canadian infrastructure-backed, secure, compliant, and localized GPU compute platform; and Silver Birch Growth's progress in building a growing pipeline of prospective AI and enterprise clients for Lyken.AI. Additional forward-looking statements relate to the Company's partnership with Excel Computility Service Ltd. And the continued integration of NVIDIA H100, A100, and A6000 GPU clusters, AI-ready NAS systems, and full systems integration into Lyken's infrastructure, as well as the Company's objective to provide ongoing updates on client conversions and to deliver secure, sovereign GPU compute capabilities to the market. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release.Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.
Sources:
Toronto Metropolitan University - Can Canada Compute? Policy Options to Close Canada's AI Compute Gap, March 2024: https://dais.ca/reports/can-canada-compute/
Stanford HAI 2024 AI Index Report - Global compute share comparison: https://aiindex.stanford.edu/wp-content/uploads/2024/05/HAI_AI-Index-Report-2024.pdf
Government of Canada - News Release on Sovereign AI Compute Strategy, April 7, 2024: https://www.pm.gc.ca/en/news/news-releases/2024/04/07/securing-canadas-ai
ISED Consultation: Artificial Intelligence (AI) Compute, 2024: https://ised-isde.canada.ca/site/ised/en/public-consultations/consultations-artificial-intelligence-ai-compute
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/business-and-professional-services/alset-ai-advances-lyken-platform-to-support-canada%e2%80%99s-data-sovere-1039680
