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Nextech3D.ai

Nextech3D.ai


Recent posts by Nextech3D.ai

9 min read

Nextech3D.ai Sets New Standards with AI-Driven Lifestyle Photography

By Nextech3D.ai on Jun 6, 2024 11:11:49 AM

NextechAR Elevates AI Photography with Advanced Lifestyle Image Creation Sees large opportunity in ecommerce

TORONTO, O.N, Canada –June 6th, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers has been adding Digital Photography and dynamic product visuals as part of its 3D model offerings. Nextech3D.ai proudly announces a significant advancement in its AI-powered photography technology: the ability to create dynamic lifestyle images from 3D models or CAD files, representing a significant leap from 2D photography to 3D renders and photos. AI is transforming the virtual photography landscape for ecommerce, as the company is producing tens of thousands of 3D models annually it expects to produce hundreds of thousands of 3D model renders to its same customer base and expand with new customers. The company believes that its AI Photography with Advanced Lifestyle Image Creation is a large opportunity for revenue growth.

The company's advanced AI algorithms identify product categories and generate high-quality lifestyle images in just minutes.

Key advantages include:

  • High-Quality Photography: No human error. Easily produces images in resolutions of 1K, 2K, 4K, and 8K.
  • Faster Turnaround: Instant image generation accelerates project timelines.
  • Cost Efficiency: up to 95% savings compared to traditional photoshoot expenses.

The ability to create solid backgrounds, gradient backgrounds, and lifestyle images with just a click streamlines the process of producing engaging, professional visuals. The transition from traditional 2D photography to 3D renders and photos is highly relevant in the e-commerce industry, where detailed and dynamic product images can significantly enhance consumer engagement and drive sales. NextechAR's commitment to innovation and excellence ensures that our customers receive the most advanced and efficient solutions in the industry.

Where AI really does come into its own is its ability to analyze data and automate repetitive tasks. Using NextechAR’s deep learning algorithms, AI’s image processing and recognition tools allow the AI to take better photos, and do so instantly and at a cost of 95% less that traditional photography. This is because AI can be used to enhance the quality and accuracy of photographs, improving detail and sharpness, adjusting exposure, contrast and color balance as well as identifying and removing objects if required. Machine learning algorithms further assist by analyzing enormous datasets of images, identifying and differentiating between different objects and subjects. This can be used to create personalized image recognition tools that can help the AI identify certain scenes or objects, and insert the 3D object into the scene creating an infinite amount of lifestyle photography and revenue potential.

This AI tool is expected to drive significant revenue for the company as each product listed for sale on an ecommerce platform requires a minimum of six 2D photos for listing, this offering allows the company to capitalize on this demand for 2D high res images while simultaneously increases the value of its 3D modeling business as it represents the all-in-one solutions for ecommerce sellers that sell on Amazon, Shopify and other platforms.

Topics: Investor Relations 3D/AR AI Photography
5 min read

Nextech3D.ai Closes Sale of Map Dynamics to ARway.ai

By Nextech3D.ai on May 28, 2024 7:30:00 AM

Nextech3D.ai Announces The Closing of Map Dynamics Sale to ARway.ai To Focus on Patented High-Margin Generative AI-powered 3D Modeling Technology

TORONTO, O.N., Canada – May 28, 2024  Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its has closed its previously announced sale of Map Dynamics to ARway.ai as a strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway (OTCQB: ARWYF / CSE:ARWY), in exchange for $1.2 million or 4 million shares in ARway, entirely in stock. This move streamlines Nextech3D.ai's operations, focusing exclusively on its profitable AI-driven 3D modeling patented technology.

Topics: Map D Map D events AI
8 min read

Nextech3D.ai Reports Q1 2024 Revenue of $1,024,000 & 51% Profit Margin

By Nextech3D.ai on May 24, 2024 6:00:00 PM

Q1 Highlights

Multiple Breakthrough Generative AI Patents Issued

Year Over Year Margin Improved by + 70%

Cost-cutting measures reduced operating loss by 47%

The company is Exclusively focusing on large enterprise contracts which are anticipated to have a major impact on the business's future quarters

TORONTO, O.N., Canada – May 24, 2024  Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," other major e-commerce retailers report its unaudited financial and operating results for its first quarter ended March 31, 2024.

Topics: Investor Relations 3D/AR AI
5 min read

Nextech3D.ai Sells Map Dynamics to Focus on Patented High-Margin Generative AI-powered 3D Modeling Technology

By Nextech3D.ai on May 21, 2024 7:30:00 AM

TORONTO, O.N., Canada – May 21, 2024  Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway (OTCQB:ARWYF)(CSE:ARWY), in exchange for 4 million shares valued at over $1mill based on Friday's closing price of $0.26/share. This transaction brings Nextech3D.ai's ownership stake in ARway to almost 50% allowing it to share in a substantial amount of ARway's and Map D's upside without having to manage the business itself day to day. This move streamlines Nextech3D.ai's operations, allowing the company to focus exclusively on its high margin-profitable generative AI-powered 3D modeling technology. The closing is expected to happen in the first half of June.

Topics: Map D Map D events AI
10 min read

Nextech3D.ai Announces New Deals and Renewals in 3D Modeling Business

By Nextech3D.ai on May 17, 2024 7:30:00 AM

TORONTO, O.N., Canada – May 17, 2024  Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D generative AI-powered 3D model supplier (Patent #11,948,248) for major e-commerce retailers including Amazon, Miele, P&G, and Kohl's, is pleased to announce a series of exciting new deals and renewals for its 3D modeling business. To date, the company has delivered over 70,000 models to customers across various industries and expects significant growth in 2024 and beyond, driven by Amazon's expanding platform for 3D models and AR experiences. The company is also extending its market reach into sectors like brake pads, calipers, crossbows, power tools, pallet jacks, and more.

Topics: 3D Models AI in eCommerce AI 3d product modeling
8 min read

New AI-Powered 3D Model Marketplace by Nextech3D.ai and Toggle3D.ai

By Nextech3D.ai on May 16, 2024 8:00:00 AM

TORONTO, O.N, Canada – May 16, 2024  Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is excited to announce significant enhancements to its revenue streams through a strategic partnership with Toggle3D.ai (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C). This collaboration introduces a new, AI-driven marketplace featuring over 200,000+ of our meticulously developed 3D models, now available for purchase in millions of colors and configurations at prices ranging from $20 to $95 per model.

Topics: Toggle 3D AI in eCommerce AI 3d product modeling
7 min read

Nextech3D.ai's AI Search Engine Powered by Nvidia GPUs Accelerating It's Production of 3D Models

By Nextech3D.ai on May 9, 2024 10:06:19 AM

TORONTO, O.N, Canada – May 9, 2024  Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is pleased to announce the success of its proprietary AI-Powered 3D model search engine launched in Q1, 2024. This innovative AI 3D model search engine uses AI powered by Nvidia's GPUs to speed up and scale-up operations for the 3D modeling process. The AI search engine uses images to search Nextech's internal library of 3D models and meshes and then recommends a close match to the given image. The Company is pleased to report that as a direct result of this AI search engine, it is achieving as high as 40% increase in production thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.

8 min read

Nextech3D.ai Receives Large 3D AI Purchase Order From Blue Chip Enterprise Customer

By Nextech3D.ai on May 8, 2024 7:30:00 AM

TORONTO, O.N, Canada – May 8, 2024  Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is pleased to announce that the Company has received an order for 1,000+ 3D AI models and over 4,000+ 3D AI digital photos in May with delivery set to begin in June with a contract value in the mid-six figures. This large enterprise order is a testament to the company's pioneering AI technologies and expertise in creating 3D models and now renderings of 3D models in 2K, 4K, and 8K for e-commerce enterprise customers across the globe.

4 min read

Nextech3D.ai Achieves Milestone with 3D AI Modeling Profit Margins Hitting 80% in Q2 2024 Up From 30% in 2023

By Nextech3D.ai on May 2, 2024 7:30:00 AM

TORONTO, O.N, Canada – May 2, 2024 -   Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" (Australia's largest listed company) and other major e-commerce retailers are excited to announce a major milestone in its 3D modeling business for eCommerce by hitting 80% gross profit in Q2, 2024 which is up 166% from 30% in 2023. This milestone achievement is only possible through the company's investment in AI and its pivot to Hyderabad India in Q3, of 2023.

Topics: Investor Relations
6 min read

Nextech3D.ai Reports Fiscal Year 2023 and Fourth Quarter 2023 Audited Financial Results

By Nextech3D.ai on Apr 29, 2024 4:31:11 PM

2023 Annual Revenue Growth of + 56%

2023 Annual Revenue of $5 million

 

Topics: Investor Relations Earnings Call