Alset AI Ventures Secures Contract Extension with Tech Giant

Alset AI Ventures Inc., a prominent AI venture company, announced an extension of cloud compute services through its 90.1%-owned Lyken.AI. This extension, valued at approximately CAD 580,000, stretches from August 25, 2026, to March 31, 2027, with a leading multinational technology and telecommunications firm.

This continuation marks another chapter in a partnership initiated in February 2026. The contracted period binds services up to March 31, 2027, but future service agreements remain uncertain.

Lyken offers outsourced cloud computing, along with coordination and support. Despite generating a projected 5% gross margin, this may not fully cover operational costs. The company remains cautious about the permanence of these contracts and potential revenue.