Calgary’s DeepMarkit has announced the formation of new subsidiary to focus on exploring, developing and partnering or investing in innovative and value add Artificial Intelligence based technologies.
DeepMarkit is focused on transitioning the global carbon offset market to the more accessible digital economy by minting carbon offset credits into non-fungible tokens (NFTs).
The new business unit, DeepMarkit AI, expects to explore a wide range of AI-related opportunities, including machine learning, natural language processing, and computer vision.
The company is currently considering several potential targets, including startups and established companies, as well as investing in internal R&D projects which may complement DeepMarkit’s proprietary carbon offset minting platform, MintCarbon.io.
“ChatGPT’s recent splash in the AI industry was quickly followed by a Microsoft investment of US$10 billion into the company, placing its valuation at USD $29 billion, sending a clear signal of A.I.’s strategic and competitive importance,” commented Ranjeet Sundher, CEO of DeepMarkit.
“With the creation of DeepMarkit AI Corp., we are thrilled to be branching out into the transformative world of Artificial Intelligence, whose applications and uses are seemingly endless. AI is being used to enhance technology and processes in climate, healthcare, defense, security, image and video, data compression, copy writing, data management and more.”