Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has announced a significant expansion of its 3D modeling business to include the gaming and manufacturing industries.
The generative AI-powered 3D model supplier for major e-commerce retailers said it now possesses the capability to rapidly and efficiently scale 3D model production at a competitive price point, meeting the demands of gaming giants and manufacturers.
“Our generative AI technology empowers us to efficiently produce high-quality 3D models at scale, which perfectly aligns with the needs of gaming giants and manufacturers,” Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg said in a statement.
“We believe that we are taking the leadership position in the 3D market and going to gain major market share in both gaming and manufacturing since they both use CAD and are in dire need of 3D models as the entire world pivots from 2D to 3D,” he added.
The company noted that the gaming industry has long sought a more efficient and scalable solution to fulfill its 3D modeling requirements, and Nextech3D.ai is now able to fill this void by delivering high-quality 3D models with unprecedented speed and cost-effectiveness, setting a new industry standard.
Meanwhile, demand for 3D models of products in the manufacturing industry has also increased year over year, as evidenced in the $160 Billion Global CAD-3D market, Nextech3D.ai stated.
Using its CAD converter, the company said it is able to large-scale 3D model production for manufacturing and can convert CAD files.
Nextech3D.AI is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime eCommerce Marketplace as well as many other online retailers.
The company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.
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