Alset AI Acquires Majority Ownership of Artificial Intelligence Cloud Computing Company, Cedarcross Technologies
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Alset AI Ventures Inc. has acquired a majority stake in Cedarcross Technologies, increasing its equity interest to approximately 75%. This move strengthens Alset AI's position in AI cloud infrastructure.
December 10, 2024 | 1:45 pm
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Alset AI Ventures Inc. has acquired a 75% stake in Cedarcross Technologies, enhancing its AI cloud infrastructure capabilities.
The acquisition of a majority stake in Cedarcross Technologies is a strategic move for Alset AI, likely to enhance its capabilities and market position in AI cloud infrastructure. This could positively impact its stock price in the short term.
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