GENAI SUB SIGNS $6 MILLION DOLLAR PURCHASE AGREEMENT WITH SILICON VALLEY AI CUSTOMER
GENAI SUB SIGNS $6 MILLION DOLLAR PURCHASE AGREEMENT WITH SILICON VALLEY AI CUSTOMER
On Behalf of the Board,VANCOUVER, BC, July 13, 2023 /CNW/ - Generative AI Solutions Corp. ("GenAI" or the "Company") (CSE: AICO) (OTC: AICOF) is pleased to announce that its wholly owned subsidiary, MAI Cloud Solutions Inc. ("MAI Cloud"), has entered into a purchase agreement dated July 12, 2023 (the "Purchase Agreement") with an arm's length third party customer headquartered in Silicon Valley (the "Customer"), pursuant to which, among other things, MAI Cloud has agreed to provide the Customer with access to approximately 350,000 hours per year of AI compute services (the "Services") using H100 graphics processing units (the "Equipment") for a period of up to seven years subject to the terms and conditions of the Purchase Agreement.
不列顛哥倫比亞省溫哥華，2023年7月13日Productive AI Solutions Corp.(“GenAI”或“公司”)(CSE：AICO)(場外交易代碼：AICOF)高興地宣佈，其全資子公司MAI Cloud Solutions Inc.MAI雲)，已簽訂日期為2023年7月12日的購買協定(採購協定“)與總部位於矽谷的第三方客戶保持距離(The”客戶“)，據此，除其他事項外，Mai Cloud已同意向客戶提供每年約350,000小時的人工智慧計算服務(服務“)使用H100圖形處理器(”裝備“)為期最長七年，但須受購買協定的條款及條件規限。
In consideration for Services, the Customer has agreed to pay MAI Cloud a fee of approximately $70,000 per month ("Revenue"). If the terms of the Purchase Agreement are completed for the full term, it is anticipated that MAI Cloud will receive an aggregate of approximately $6 million in Revenue at a gross margin of approximately $3.5 million. Approximately $850,000 in Revenue will be paid in the first 12 months of the term at a gross margin of approximately $500,000. Pursuant to the terms and conditions of the Purchase Agreement, the Customer has agreed to pay 10% of the first year's Revenue within 14 days of the Equipment being made available for use by the Customer, which is anticipated to be within the next 60 days. In accordance with the terms and conditions of the Purchase Agreement, the Customer is obligated to pay for the Services for the first 12 months (the "Initial Term") following the effective date of the Purchase Agreement (the "Effective Date"), provided that the Equipment and Services continue to meet the requirements specified in the Purchase Agreement. The Customer retains the right to extend the Initial Term for a period of up to an additional 72 months. The Purchase Agreement may be terminated after the Initial Term by the Customer upon 30 days' written notice to MAI Cloud, and by MAI Cloud upon 60 days' written notice to the Customer, or following the first 36 months after the Effective Date, by MAI Cloud upon 30 days' written notice to the Customer in the event that Equipment is not available for use for the purposes set out in the Purchase Agreement due to hardware or software breakdown.
作為服務的對價，客戶已同意每月向MAI Cloud支付約70,000美元的費用(“收入“)。如果收購協定的條款全部完成，預計MAI Cloud將獲得總計約600萬美元的收入，毛利率約為350萬美元。約85萬美元的收入將在期限的前12個月支付，毛利率約為50萬美元。根據購買協定的條款和條件，客戶已同意在設備可供客戶使用的14天內支付第一年收入的10%，預計在未來60天內支付。根據購買協定的條款和條件，客戶有義務支付前12個月的服務費用(“初始項“)在《購買協定》生效之日(”生效日期“)，前提是設備和服務繼續滿足採購協定中規定的要求。客戶保留將初始期限延長最多72個月的權利。如果設備因硬體或軟體故障而無法用於採購協定中規定的用途，則在初始期限結束後，客戶可向MAI Cloud發出30天的書面通知，MAI Cloud可在向客戶發出60天的書面通知後終止購買協定，或在生效日期後的前36個月由MAI Cloud向客戶發出書面通知，以終止購買協定。
Ryan Selby, CEO of the Company, commented "This Purchase Agreement marks a significant milestone for GenAI and reflects our commitment to generating revenue and delivering value for our shareholders. We will continue to source and develop customer relationships to further our MAI Cloud platform."
該公司首席執行官Ryan Selby表示：“這項收購協定標誌著GenAI的一個重要里程碑，反映了我們為股東創造收入和提供價值的承諾。我們將繼續尋找和發展客戶關係，以進一步發展我們的MAI Cloud平臺。”
On Behalf of the Board,
Ryan Selby
代表董事會，
瑞安·塞爾比
CEO, Director, and Chairman of the Board
董事首席執行官兼董事會主席
Generative AI Solutions Corp.
生成性人工智慧解決方案公司
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譯文內容由第三人軟體翻譯。
