Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has announced the expansion of its artificial intelligence tech team along with a doubling of its office space in Hyderabad, India.
This move comes as a response to the burgeoning demand for its Generative GPT AI-powered 3D model production platform, which is supplied to e-commerce platforms including Amazon, P&G, Kohls, Miele, and notable integrations with Shopify, BigCommerce, and WooCommerce.
The focus on high-scale production and cost savings by setting up operations in India has resulted in growing profit margins for Nextech and a significant improvement in operational efficiencies.
Nextetch’s head of product operations, Hareesh Achi, who has over a decade of technology experience as a former Microsoft and Meta executive, is leading the initiative.
Nextech is also in negotiations for major licensing deals concerning its GPT AI 3D modeling CAD to 3D and texturing technology.
"Our GPT AI technology has the potential to open the floodgates for 3D model adoption in this new AI era,” commented Evan Gappelberg, CEO of Nextech.
“We are negotiating with a number of large manufacturers which produce hundreds of thousands of products annually that want to go 3D but can't afford the traditional cost of $75 to $150/model.
“We believe that with our new groundbreaking technology enabling breakthrough pricing and scale, that we will land many of these large contracts since the previous friction point has been price and scale.
“AI is transforming our world and how we think about 3D modeling and the AI that powers the production of 3D models for e-commerce."