Digital Kingdom Secures HKD 143 Million for Artificial Intelligence-Related Technological Exploration

04/24/2023 17:23 • NFT Newsflash • 132 views

According to reports, Digital Kingdom recently signed a subscription agreement for a total of 646 million shares, raising approximately HKD 143 million. The subscriber, Chen Libai, is the founder and chairman of Weigang Technology Co., Ltd. It is reported that the above funds are intended to be invested in technological exploration closely related to artificial intelligence, as well as the continuous expansion of core competencies such as virtual humans, visual effects, and visualization in the consumer level track.

The Digital Kingdom has received HKD 143 million in investment and will explore technologies such as AI and virtual humans

Introduction

Digital Kingdom, a technology company specializing in the development of virtual humans, visual effects, and visualization, recently secured a subscription agreement with Weigang Technology Co., Ltd.’s founder and chairman, Chen Libai. The agreement raised HKD 143 million, which will be invested in further technological exploration in the field of artificial intelligence (AI), among others.

Understanding the Subscription Agreement

Reports indicate that Digital Kingdom signed a subscription agreement with Chen Libai for a total of 646 million shares, equivalent to a value of HKD 143 million. The agreement represents a significant investment in Digital Kingdom’s technological exploration initiatives, particularly in the field of AI. It will enable the company to expand its core competencies in virtual humans, visual effects, and consumer-level visualization, while also investing in AI-driven technologies for better customer engagement and business process optimization.

The Significance of AI-Related Technological Exploration

Digital Kingdom’s decision to invest in AI-related technological exploration is significant in today’s business environment. With AI and automation taking center stage in most industries, companies need to invest in these technologies to remain competitive. AI introduces intelligent machines that can learn from data and replicate human-like behavior, which can help businesses to automate repetitive tasks and improve customer engagement.

Expanded Core Competencies

By investing in AI-related initiatives, Digital Kingdom will be able to expand its core competencies, particularly in virtual humans and visualization technologies. Investing in these areas will allow the company to enhance its customer engagement offerings, such as chatbots and virtual assistants, and provide more engaging and interactive experiences to users. Additionally, the investment in visualization technologies will enable the company to offer better visual effects, which will enhance their customers’ overall experiences.

Improved Business Operations

Investing in AI-driven technologies will also help Digital Kingdom to optimize their business processes, reduce operational costs and provide better support to their customers. AI-powered automation can help businesses to automate routine tasks, reducing the amount of time and resources required to accomplish them. This will, in turn, allow Digital Kingdom to focus its resources on more critical business areas, such as driving innovation and developing new products.

Conclusion

Digital Kingdom’s recent subscription agreement will enable the company to take its technological exploration initiatives to the next level. With the investment in AI-related technologies, the company will be able to expand its core competencies in virtual humans, visual effects, and consumer-level visualization. It will also enable the company to optimize its business processes and provide better support to its customers. The investment in AI-driven automation and optimization technologies will, ultimately, position Digital Kingdom as a leader in the technology industry.

FAQs

1. What is Digital Kingdom?
Digital Kingdom is a technology company specializing in the development of virtual humans, visual effects, and visualization.
2. Who is Chen Libai?
Chen Libai is the founder and chairman of Weigang Technology Co., Ltd. who recently signed a subscription agreement to invest HKD 143 million in Digital Kingdom.
3. What will the investment in AI-related technologies enable Digital Kingdom to achieve?
The investment in AI-related technologies will enable Digital Kingdom to expand its core competencies in virtual humans, visual effects, and consumer-level visualization, optimize its business processes, reduce operational costs, and provide better support to its customers.

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