- Business
- Alset AI Ventures Inc. is a Vancouver, British Columbia-based publicly traded investment issuer focused on investing in, funding and developing businesses across the artificial intelligence value chain. Founded in 1999 and formerly known as Alset Capital Inc. until its August 2024 name change, the Company provides public-market exposure to AI infrastructure, cloud computing, decentralized technologies, healthcare-focused technology and enterprise AI adoption through direct investments, operating assets, strategic partnerships, capital deployment and portfolio-level cash-flow opportunities. Its services include investment capital; strategic and operational guidance; business-development support; customer and channel development; and customized cloud-compute solutions for portfolio companies and enterprise customers. The Company’s principal operating asset is its 90.1%-owned Lyken AI Computing Inc., doing business as Lyken.AI, a Canada- and North America-focused AI cloud-computing platform that offers outsourced GPU and server compute capacity; managed compute; infrastructure-as-a-service and platform-as-a-service capabilities; server and token optimization; secure storage; private low-latency networking; enterprise deployment support; technical coordination; and related managed services. Alset AI also invests in and collaborates with AI-ready data-center and infrastructure ventures, including CHIP Data Centers Inc., and seeks investments that support scalable compute capacity, data sovereignty, networking and secure storage for enterprise AI deployments.
Recent developments include the February 2025 majority acquisition of Cedarcross Technologies, subsequently rebranded as Lyken.AI, followed by the August 2025 acquisition of the remaining interest, making Lyken.AI Alset AI’s wholly owned flagship PaaS cloud-compute business at that time. Lyken.AI commenced full commercial operations in January 2026 and entered a cloud-compute services contract with a multinational technology and telecommunications company, initially valued at approximately C$250,000; in September 2026, purchase orders valued at approximately C$580,000 extended that customer relationship through March 31, 2027. In August 2026, Alset AI sold a 9.9% interest in Lyken.AI to FingerMotion Inc. for 1,674,480 FingerMotion common shares, retaining a 90.1% interest, and Lyken thereafter entered a non-binding memorandum of understanding with FingerMotion and BlueFlare Energy Solutions Inc. to support potential enterprise AI infrastructure capacity. Alset AI also advanced a loan transaction of up to C$3.0 million during 2026 to support working capital, general corporate purposes and growth of its AI-infrastructure strategy, including Lyken.AI.