VANCOUVER, British Columbia, May 23, 2023 (Globe Newswire) — Trend Innovations Holding Inc (OTCQB:TREN) creates, develops and transforms innovative software technologies that deliver complex solutions powered by artificial intelligence. Acquires and provides a number of information technology consulting services. is featured in an InvestmentPitch Media video. In April, Trend Innovations became a player in the burgeoning AI industry, completing two of his key acquisitions, both in multi-billion dollar markets.
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According to Precedence Research, the global artificial intelligence market size is estimated to be USD 119.78 billion in 2022, reaching USD 1.59103 trillion by 2030, at a CAGR of 38.1% from 2022 to 2030. is expected to.
Avant! AI™ is a unique text generation deep learning self-trained model designed to give businesses and consumers a natural language interface to interact with their devices and systems. This technology uses machine learning and natural language processing to interpret and respond to user requests.
It works as a “chatbot” like Open AI like ChatGPT, but chat and content creation are just the tip of the iceberg. The company may also position Avant as a business-to-business solution, providing technology to companies in a wide range of industries including entertainment, cybersecurity, healthcare, information technology, hospitality, finance, retail and transportation.
The second acquisition, InstantFAME™, comes with a technology portfolio that includes specific source code and pending patent applications with applications in various fields.
Natalya Tunevich, President and CEO of Trend, said:The InstantFAME application offers users the pleasure of creating digital artwork and making it available for purchase by members on the application. The technology is available in both mobile and web applications, and will enable digital evaluation and secure sale of digital artwork, including plans to incorporate NFTs. The system allows artists to post digital works of art, gain followers, get likes, and ultimately sell their work. The platform creates a new methodology for assigning monetary value to works you like, increasing their value, and making artists famous.! “
The company recently appointed Kenneth Wagoner as CEO and Paul Averill as COO, moving to strengthen its position in these growth areas. Kenneth Waggoner is a prominent attorney and recognized leader in the biotechnology, telecommunications, and chemical and petroleum industries, with 45 years of experience in management, operations, and law. His career includes holding leadership and legal positions at several start-up companies, as well as work at Fortune 500 companies such as Chevron.
Kenneth Wagoner said: “I am excited about the future of this company and honored to be appointed CEO to lead the trend into its next chapter. We believe he has one of the most sophisticated artificial intelligence technologies in the industry. Our goal is to position Avant! AI is best-in-class technology, delivering returns to shareholders by capturing market share across the vast AI landscape across nearly every industry.. “
Paul Averill’s career includes a number of senior executive positions at numerous start-ups in the healthcare technology industry, where he is credited with raising significant funding and growing the company into an attractive acquisition target. I’m here. Previous positions include President and COO of Sentry Data Systems, which was acquired by Craneware, where he turned a $9 million seed investment into his $180 million acquisition by WebMD. THINC President and CEO. He currently serves as his Acting CEO of Wired4Tech and President and Acting COO of SOS Technologies.
Paul Averill commented:I am very lucky and excited to have the opportunity to be part of the Trend Innovations team.We look forward to supporting the company’s growth and operational excellence with unique and powerful AI solutions, while consistently driving the highest levels of customer service and shareholder value.”“
Trend’s original business is “Thy News”, a worldwide application used to process news from multiple sources. Created for time conscious users who want to stay up to date with the latest news from around the world, Thy News allows users to create their own news feeds and create additional news from only the sources that interest them. provide the opportunity to A feed segmented by topic.
The stock is trading at $1.39. For more information, visit his website at the company. www.Trend InnovationsHolding.comEmail Kenn Kerr, Consulting Manager, Corporate Communications. news@TrendInnovationsHolding.com.
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