GENAI Launches Artificial Intelligence Project to Create a Newswire Service for Investors

Generative AI Solutions Corp. is pleased to announce that it has incorporated a new company called Global AI Newswire of which the Company owns 70% of the outstanding common shares. Global AI Newswire was created with the intention of developing a newswire service for investors that uses artificial intelligence (“AI”) to perform various functions related to press releases issued by companies listed on a public stock exchange (the “Newswire Product”). The Newswire Product is being developed to send real time press releases to users based on a condensed summarized format using artificial intelligence to predict key words that are most relevant in the news release, allowing users to more efficiently analyze press releases disseminated by the public companies they follow.

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Global AI Newswire has engaged Metachain Technologies Inc. (“Metachain”) to perform the artificial intelligence development services with the goal of commercializing the Newswire Product over the next 90 days in accordance with a services agreement entered into between GenAI, Global AI Newswire and Metachain (the “Services Agreement”). Metachain is a private company that is focused on developing technologies in artificial intelligence, blockchain, NFT’s, crypto currency and the metaverse.

In addition to an hourly fee to be determined by the parties, acting reasonably, upon the commencement of services, a one-time signing bonus of 250,000 shares of GenAI (“GenAI Shares”) at CDN$0.95 per share will be issued to Metachain pursuant to the Services Agreement. Additionally, in the event that Metachain achieves certain business milestones as listed below, GenAI will issue additional GenAI Shares to Metachain within 5 business days after the applicable business milestone is met as follows:

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Ryan Selby, CEO of GenAI, comments “I’m pleased to announce the incorporation of Global AI Newswire as a 70% owned subsidiary of GenAI, and the engagement of Metachain through Global AI Newswire as the lead developers for our upcoming Newswire Product. I am confident that Metachain has the required skills and expertise to develop an innovative and useful product, and I anticipate that we will have a market-ready deliverable within the next 90 days. This AI-driven solution has the potential to enable faster, more efficient decision-making for investors, businesses, and media professionals alike.

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