The tech sector is almost always on the radars of investors, and this morning it is quite likely that the ConneXioneONE Corp (OTC:CNNN) stock is going to get some traction in light of the latest announcement. The company, which is involved in new-generation AI-powered computing, made an announcement with regards to a new strategic partnership.
The Partnership
In the news release this morning, it was revealed that ConneXioneONE Corp had inked a strategic partnership with the firm YuGu AI Limited. It was observed that the partnership marked a major new step for the company in its move into the fast-growing AI computing space. The partnership will enable the company to generate strong growth in the long term and thereby unlock considerably more value for the shareholders.
Key Information
It was further noted that ConneXioneONE Corp was also making a conscious move to AI computing infrastructure from social media owing to the massive demand for the former. The company stated that the main reason behind the move was that the worldwide GPU market was going to hit a valuation of $773.1 billion in 2032 and the cloud computing space would be worth $2.3 trillion by then.
CEO Statement
“We understand that some shareholders invested in ConneXionONE for its social media business, but the AI computing sector presents a much bigger opportunity. By partnering with YuGu AI Limited, we are securing our position in one of the fastest-growing industries today. This shift ensures that ConneXionONE builds a strong, profitable AI computing business with stable revenue streams and long-term value creation for shareholders,” said Chris Chang, CEO of ConneXionONE Corp.
