Lyken.AI to introduce Differentiated PaaS offering to Meet Strong Demand for AI Infrastructure
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / May 27, 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 announce the official rebrand and transformation of its infrastructure portfolio company, Cedarcross International Technologies Inc., into Lyken.AI ("Lyken"). The move positions Lyken as a next-generation platform-as-a-service ("PaaS") provider built to address the urgent and growing need for scalable AI infrastructure solutions in Canada and across North America.
Strategic Highlights:
PaaS Model: Lyken delivers full-stack infrastructure-as-a-service and platform-as-a-service capabilities, enabling clients to move from concept to execution with one partner.
Expansion: Lyken is actively exploring data centre acquisitions and development opportunities to meet demand and further scale revenue.
Ecosystem-Driven Scale: Lyken will operate alongside a tremendous partner network including Super Micro, NVIDIA, and Earthmade, enabling advanced compute and sustainable infrastructure solutions.
Commercial Acceleration: In partnership with Silver Birch, Lyken is building a go-to-market strategy to build a robust sales pipeline across Canada and the United States.
Purposeful Brand Identity: The Lyken name, inspired by natural ecosystems, symbolizes intelligent infrastructure and adaptive, client-focused solutions.
As part of its transformation, Lyken will launch a new corporate website by the end of Q3 2025, designed to showcase its platform capabilities, ecosystem partnerships, and turnkey infrastructure solutions. The site will serve as a central hub for customers, partners, and investors seeking to engage with Lyken's end-to-end AI infrastructure offerings. With this revamped strategic focus, Lyken is well positioned to become a prominent boutique AI infrastructure platform, designed from inception to deliver margin-rich solutions, reduce time-to-deployment, and scale compute resources as demand accelerates.
"Lyken is more than a name change - it's the foundation of a modern, integrated, and differentiated platform to meet the significant demand for AI compute power," said Adam Ingrao, CEO of Alset AI. "With this transformation, Lyken will be a cornerstone of our growth strategy: a complete end-to-end solution that enables AI companies to scale AI deployment with speed, confidence, and efficiency."
According to the International Data Corporation and Fortune Business Insights, global infrastructure spend for AI is forecast to grow from $46.15 billion in 2024 to $356.14 billion by 2032, representing a 29.1% CAGR, with North America expected to continue leading this wave of capital and innovation¹.
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 Lyken's anticipated transformation, including its plans to launch a new corporate website and timing thereof, the objectives of launching the new corporate website, Lyken's ability to meet the significant demand for AI compute power, the implications and future aspirations of the strategic rebrand of Lyken, Lyken's plans to pursue data centre acquisitions and development opportunities and its intentions to scale revenue, Lyken's potential to serve as a cornerstone of Alset AI's growth and establish itself as a leading boutique AI infrastructure platform and the growth of the AI industry. 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.
¹Sources: Forbes Tech Council, 2023; IDC, 2024; Fortune Business Insights, 2024.
Links: IDC Report, Fortune Business Insights
SOURCE: Alset AI Ventures Inc.
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