Summary by Futu AI
Genius Group Limited, an AI-powered education and acceleration group, held an Extraordinary General Meeting (EGM) on July 17, 2024, where two key resolutions were passed. The first resolution appointed Enrome LLP as the company's auditor until the next annual general meeting, with 99.04% of shares voted in favor. The second resolution granted authority to the company's directors to issue shares, which was approved with 92.45% of shares voted for it. Additionally, Genius Group announced the successful completion of Phase 1 of a significant $22 million contract with the Government of the Republic of Kazakhstan. Secured by its subsidiary Prime Source, the contract involves centralizing the supply and maintenance of databases for Kazakhstan's state bodies, facilitating the development of a Sovereign AI. The contract, which spans three years, was fully funded in 2023. This development follows the recent launch of the Genius City AI education and acceleration model in Abu Dhabi and discussions at YPO's New Vision Summit in Kazakhstan about the country's AI readiness.
