TSXV: MKT OTC: MKTDF FRA: DEP
CALGARY,
AB, Jan. 24, 2023 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA:
DEP), a technology focused company is pleased to announce its
wholly owned subsidiary, DeepMarkit AI Corp. ("DeepMarkit
AI"), has begun exploration of Large Language Models
("LLMs"), with potential for application across a broad
range of industries. LLMs have been popularized by ChatGPT, a
chatbot launched by OpenAI Inc. in November
2022. ChatGPT is built on top of OpenAI's family of LLMs,
and is anticipated to potentially revolutionize certain
human-dominated tasks and industries.
Recent developments at Google, and OpenAI have revolutionized
the AI sector and opened the door to new and potentially
transformative applications, such as natural language
generation ("NLG") (useful for automating communication,
report writing, summarizations), conversational assistant, question
and answer platforms, and query understanding.
LLMs are artificial intelligence tools that can read,
summarize and translate texts and predict future words in a
sentence letting them generate sentences similar to how humans talk
and write.
DeepMarkit AI is investigating the use of NLG and LLMs across a
variety of commercial applications with the goal of fully
leveraging the capabilities of these breakthrough technologies.
Formed in January 2023, DeepMarkit
AI is focused on exploring, developing and partnering or investing
in innovative and value add Artificial Intelligence
("AI")-based technologies, including AI technologies which
may complement DeepMarkit's proprietary offset minting platform,
MintCarbon.io.
Artificial Intelligence Market
Update
According to Fortune Business Insights, the Artificial
Intelligence market is projected to grow from $387.45 billion in 2022 to $1,394.30 billion by 2029, at a CAGR of 20.1% in
forecast period. 1 The deep learning segment has
captured 39% market share in 20222
Recent announcements from Google parent Alphabet, Meta and
Microsoft indicate that the worlds largest companies are staking
their future on developing AI technologies. Microsoft recently
announced an additional investment of USD $10 billion into OpenAI's ChatGPT, bringing
OpenAI's valuation to USD $29
billion.
Reuters reported on January
20th Google parent Alphabet is cutting 12,000
jobs as it shifts its focus toward gearing up "to share some
entirely new experiences for users, developers and businesses," and
the company has "a substantial opportunity in front of us with AI
across our products."
DeepMarkit's wholly owned subsidiary DeepMarkit AI Corp. expects
to explore a wide range of AI-related opportunities, including
machine learning, natural language processing, computer vision, and
more.
Management Commentary
Ranjeet Sundher, CEO of
DeepMarkit Corp. comments, "Our recent foray into the Artificial
Intelligence market has resulted in positive feedback from our
shareholders and a growing number of incoming business related
inquiries, which the Company is currently reviewing.
As the global A.I. sector marches toward a projected valuation
of over $1.3 trillion by 2029, the
Company is aggressively pursuing the development of next generation
applications, which are expected to be life-changing for
individuals across a virtually limitless spectrum of
verticals."
DeepMarkit welcomes all business related inquiries.
Interested parties can reach out to DeepMarkit CEO Ranjeet Sundher at corp@deepmarkit.com
ABOUT DEEPMARKIT
DeepMarkit Corp. is a technology company focused on
democratizing access to the voluntary carbon offset market by
minting offsets into NFTs. Its common shares are listed on the TSX
Venture Exchange under the "MKT" stock symbol, on the OTC market in
the United States under the
"MKTDF" symbol and on the Frankfurt Stock Exchange under the "DEP"
symbol. DeepMarkit Corp. is a software infrastructure company
operating in the tokenization vertical of the blockchain. Its
primary asset, MintCarbon.io, is a web-based platform that
facilitates the minting of carbon offsets into NFTs (based on the
ERC-1155 standard) or other secure tokens (based on the ERC-20
standard).
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this news release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements relating to
planned updates and statements relating to the Company's business
and corporate plans including but not limited to the formation of a
subsidiary company focused on AI technologies, expectations
concerning the subsidiary's business model, exploration for
AI opportunities, the ability to identify and complete business
transactions with respect to AI technologies that are complementary
to DeepMarkit's existing business, and delivering growth and
innovation for shareholders. The reader is cautioned that
assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events
or circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of DeepMarkit. Additional information regarding risks and
uncertainties of the Company's business are contained under the
heading "Business Risks and Uncertainties" in the Company's
MD&A in respect of the period ended September 30, 2022 and the Company's other public
filings which are available under the Company's profile on SEDAR at
www.sedar.com. Various factors can cause the actual results to
differ materially from those in forward-looking statements. The
reader is cautioned not to place undue reliance on any
forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
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End notes:
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1
https://www.fortunebusinessinsights.com/industry-reports/artificial-intelligence-market-100114
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2
https://www.precedenceresearch.com/artificial-intelligence-market
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SOURCE DeepMarkit Corp.