Emerging Technology

Nextech3D.AI Files Patent For Breakthrough Generative AI For 3D-Model Creation

Nextech3D.AI Files Patent For Breakthrough Generative AI For 3D-Model Creation

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the Company has filed a provisional patent titled: "Generative AI for 3D Model Creation from 2D Photos using Stable Diffusion with Deformable Template Conditioning." This patent builds on their previous patent filed last year for creating complex 3D models by parts. The game-changing AI technology underpinning these patents places the Company in a leadership position in the 3D modeling for ecommerce space and sets the stage for the Company to become cash flow positive

Nextech3D.ai CEO Evan Gappelberg comments "We have been preparing for 5-years, anticipating this exact moment in time, where our AI technology would advance far enough to be patentable while simultaneously seeing market demand for photorealistic 3D models for ecommerce pick-up momentum. Today, we now see both the demand side of the 3D model market and the supply side of 3D model production fuelled by ROI and AI, lining up for a breakout year in revenue and cash flow for Nextech3D.ai."

Utilizing recent advances in generative AI, in particular, diffusion models, the invention prescribes a solution for creating 3D models from 2D reference photos, either as a whole, or part-by-part by evolving differentiable, deformable templates to convert into 3D parts, conditioned on one or more reference photos of the part.

Over the years, Nextech has built tens of thousands of high-quality, fully textured, photo-realistic 3D assets, with hundreds of thousands of individual parts. The Company is now harvesting these parts into its part library, synthetically rendering them from random views, and using them to train new diffusion models that are able to reconstruct 3D mesh parts from reference photos. The Company's first clean dataset with 70,000+ 3D objects and more than 2.2M synthetically rendered reference photos are now ready for training. This is still a small portion of all the parts and assets in its model library, and yet, it is already larger than the largest publicly available 3D dataset called ShapeNet, with its 51K models of varying quality. This breakthrough 3D modeling technology positioned the Company to generate significant revenue acceleration and cash flow in 2023 and beyond.

Below is an example of reference photos of an asset in the library.

Nextech3D.ai, Thursday, March 9, 2023, Press release picture

The following image is the collection of all unique parts of a 3D digital twin of this product, once it's modeled in 3D and separated by parts.

Nextech3D.ai, Thursday, March 9, 2023, Press release picture

Each part of this model is then rendered from random views.

Nextech3D.ai, Thursday, March 9, 2023, Press release picture

Nextech's proprietary diffusion models will be trained on the collection of these ground truth meshes and reference renders to recreate original mesh parts. The Company is working on other AI models to automatically prescribe instructions to automatically assemble these parts into full 3D models.

More Generative-AI News

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

For further information, please contact:

Investor Relations Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493) Ext 7201

Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

About Nextech3D.ai

NexTech AR Solutions (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP2) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The Company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.

On October 26, 2022 Nextech AR spun out its spatial computing platform, "ARway" as a stand alone public Company. Nextech AR retained a control ownership in ARway Corp. with 13 million shares, or a 50% stake, and distributed 4 million shares to Nextech AR Shareholders. ARway is currently listed on the Canadian Securities Exchange (CSE:ARWY), in the USA on the (OTC:ARWYF) and Internationally on the Frankfurt Stock Exchange (FSE:E65). ARway Corp. is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking.

On December 14, 2022 Nextech AR announced its second spinout of Toggle3D.ai, an AI-powered 3D design studio to compete with Adobe. Toggle3D is expected to be public in the first half of 2023.

To learn more about ARway, visit https://www.arway.ai/

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai



View source version on accesswire.com:
https://www.accesswire.com/742841/Nextech3DAI-Files-Patent-For-Breakthrough-Generative-AI-For-3D-Model-Creation

News Provided by ACCESSWIRE via QuoteMedia

NTAR:CNX
The Conversation (0)
Nextech3D.ai Files Multiple Generative AI Patents Covering Breakthrough 3D-Model Creation For Global $5.5 Trillion Dollar Ecommerce Industry

Nextech3D.ai Files Multiple Generative AI Patents Covering Breakthrough 3D-Model Creation For Global $5.5 Trillion Dollar Ecommerce Industry

The Company is filing multiple pivotal patents for its game-changing Generative AI

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the Company has filed it's second in a series of patents for converting 2D photos to 3D models. These patents position the Company as a leader in the rapidly growing 2D photo -3D models transformation happening in the $5.5 trillion dollar global ecommerce industry estimated to be worth $100 billion. Nextech3D.ai is using its newly developed AI to power its diversified 3DAR businesses including Arway.ai, (OTC: ARWYF CSE ARWY) Toggle3D.ai and Nextech3D.ai

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai

Nextech3D.ai Continues To Experience Exponential Sales Growth in Multi-Billion Dollar 3D Modeling Market

Nextech3D.ai's Game-Changing Generative AI Technology Enables Profit Margin Expansion & Peak Efficiency for Model Creation At Scale

Nextech3D.ai (formally "NexTech AR Solutions Corp'' or the "Company") (OTCMKTS:NEXCF)(CNXF:NTAR)(FSE:EP2.F), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce a number of new 3D modeling deals across a large variety of industries worldwide. Sales continue to grow at an exponential rate, meaning that it's producing more 3D models each month with no end in sight, highlighting Nextech3D.ai as a major player in the rapidly growing $100 billion global 3D modeling market for eCommerce

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Launches Industry First Augmented Reality Mobile App for Live Events

Nextech3D.ai Launches Industry First Augmented Reality Mobile App for Live Events

New High-Tech App Expected to Drive Revenue in 2023 By Combining Artificial Intelligence and Augmented Reality

Nextech3D.AI (formally "NexTech AR Solutions Corp" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce enhanced features for trade show managers and event professionals in the latest update to its popular event app. The app combines the current MapD event management solutions technology with ARway, the AI-powered Augmented Reality Navigation platform with a disruptive no-code, no-beacon spatial computing solution, creating an industry-first augmented reality artificial intelligence combined solution for event management providers. The Company believes itself to be the only provider of this first-to-market technology, which sets it up to gain substantial market share in the $50 Billion dollar global events industry

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Rebrands as the Company Enters the Age of AI

Nextech3D.ai Rebrands as the Company Enters the Age of AI

Via InvestorWireNexTech AR Solutions Corp. ("Nextech3D.ai'' or the "Company") ( OTCQX: NEXCF ) ( CSE: NTAR ) (FSE: EP2), an Augmented Reality (AR), Artificial Intelligence-Powered  3D model supplier for Amazon and other major e-commerce retailers is excited to announce that it has rebranded to better reflect its current technology and business. As previously reported, the Company believes that its generative AI has given it a competitive edge and is driving the Company toward becoming cash-flow positive.

The Company's CTO Nima Shasar, who is an AI and computer vision expert, has significantly expanded his team with three new full-time AI scientists to bolster its AI development and keep pace with its ambitious AI growth plans for 2023.

Nima Sarshar, commented, "The new advances in generative AI have made it possible to make meaningful advances in creating 3D digital-replicas from ordinary 2D photos. Nextech is uniquely positioned to take advantage of these advances; over the years we have built tens of thousands of high-quality, fully textured, photo-realistic 3D assets, with hundreds of thousands of individual parts, that we are now harvesting to train our stable-diffusion AI models and more. Our first clean dataset with 70,000+ 3D objects and more than 2.2M synthetically rendered reference photos are now ready for training. This is still a small portion of all the parts and assets in our model library, and yet, it is already larger than the largest publicly available 3D dataset called ShapeNet with its 51K models of varying quality."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nextech AR Solutions Rebrands To Nextech3D.ai As The Company Enters the Age of AI

Nextech AR Solutions Rebrands To Nextech3D.ai As The Company Enters the Age of AI

NexTech AR Solutions Corp. ("Nextech3D.ai'' or the "Company") (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP2), an Augmented Reality (AR), Artificial Intelligence-Powered 3D model supplier for Amazon and other major e-commerce retailers is excited to announce that it has rebranded to better reflect its current technology and business. As previously reported, the Company believes that its generative AI has given it a competitive edge and is driving the Company toward becoming cash-flow positive

The Company's CTO Nima Shasar, who is an AI and computer vision expert, has significantly expanded his team with three new full-time AI scientists to bolster its AI development and keep pace with its ambitious AI growth plans for 2023.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Avricore Health's HealthTab Passes 530 Locations, Adds Virus Detection

Avricore Health's HealthTab Passes 530 Locations, Adds Virus Detection

Avricore Health INC. (TSXV: AVCR) (the " Company " or " AVCR ") continues to grow the HealthTab™ network of pharmacy locations, reaching 532 locations. In 100 of these locations, the Company will be deploying Abbott's ID Now™, either in combination with the Afinion 2™ or standalone, to support virus detection and assess the demand and effectiveness of infectious disease screening in community pharmacies.

"We are seeing significant demand for HealthTab as the pharmacist scope of practice expansion takes effect and the anticipation of expanded healthcare funding," said Hector Bremner, CEO of Avricore Health Inc. "We look forward to continuing our steady growth and adding value to our offering, such as the new testing options which ID Now brings."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Nano One Granted 3 New Patents and Receives Proceeds from Warrants

Nano One Granted 3 New Patents and Receives Proceeds from Warrants

Highlights:

  • Three new patents, issued and allowed in Taiwan, Korea and US.
  • Patents will extend protection and add value to nano one's One-Pot process technology for making lithium-ion battery cathode materials.
  • Patents will add value to nano one's sulfate free, sustainable technology for the clean energy future.
  • Proceeds from Warrants of ~$3.65M adds to strong treasury and balance sheet.

As the global EV market rapidly expands, Vancouver-based nano one® Materials Corp. ("nano one" or the "Company") (TSX:NANO) (OTC PINK:NNOMF) (Frankfurt:LBMB) is pleased to announce that it's patent estate is increasing to include three (3) more issued patents, bringing nano one's issued patents to a total of 27 with more than 55 patent applications also pending and additional patent applications being considered

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Nanalysis Scientific Corp. to Participate in the Industrial Tech Virtual Conference Presented by Maxim Group LLC and Hosted by M-Vest

On Growing Opportunities in Medical & Industrial Tech Markets Panel at 1 pm ET on March 21st

Nanalysis Scientific Corp. ( TSXV:NSCI, OTCQX:NSCIF, FRA:1N1 ) ("Nanalysis" or the "Company") announces that Company CEO Sean Krakiwsky has been invited to present on the panel "Growing Opportunities in Industrial & Medical Markets" at the Industrial Tech Virtual Conference, presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, March 21 st 2023 at 1:00 p.m. ET .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
BriaCell to Present Clinical and Survival Data in Advanced Metastatic Breast Cancer at the 2023 AACR Annual Meeting

BriaCell to Present Clinical and Survival Data in Advanced Metastatic Breast Cancer at the 2023 AACR Annual Meeting

BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) ("BriaCell" or the "Company"), a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer, has been selected to present four posters at the 2023 American Association for Cancer Research (AACR) Annual Meeting held from April 14 - 19, 2023 at Orange County Convention Center, Orlando, Florida.

The available abstract titles and texts are based on previously-disclosed patient data. However, the posters presented at AACR will contain refreshed survival updates, new patient data, and potential late-breaking discoveries.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
REPEAT -- Alkaline Fuel Cell Power Corp. Announces Letter of Intent to Integrate GENIUS Energy Hub- Energy Breaker Panel with Jupiter 1.0 Fuel Cell

REPEAT -- Alkaline Fuel Cell Power Corp. Announces Letter of Intent to Integrate GENIUS Energy Hub- Energy Breaker Panel with Jupiter 1.0 Fuel Cell

Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that the Company has entered into a non-binding letter of intent (the " LOI ") with Koben Systems Inc. (" Koben "), a licensed distributor of GENIUS, the only hybrid solid state energy enterprise breaker panel. The LOI summarizes the intentions of the Company and Koben to enter into a Joint Venture (" JV ") for the integration of the GENIUS Energy Hub with PWWR's fuel cell (the " Pilot ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
ARway Corp. Signs Multiple New SDK Deals For Indoor Positioning  & Augmented Reality Navigation

ARway Corp. Signs Multiple New SDK Deals For Indoor Positioning & Augmented Reality Navigation

Company continues to gain traction in $44 billion global indoor positioning and indoor navigation (IPIN) market

Arway Corporation ("Arway" or the "Company") (CSE:ARWY), (OTC PINK:ARWYF) (FSE:E65) is an AI powered Augmented Reality Navigation platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision. Arway is excited to announce that the Company has signed five new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology. Since its SDK was released on January 31, 2023 the company has been experiencing a wave of demand from resellers, enterprise corporations and brands, which is expected to drive significant revenue in 2023

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×