Gfinity has achieved its first revenue from the commercialisation of its Connected IQ artificial intelligence technology, which focuses on the connected video market.
The company received its initial income in April from campaigns and is currently in commercial discussions with several large advertising agencies regarding CIQ’s services.
To support this growth, Gfinity has expanded its commercial sales team in both the UK and USA, with additional recruitment planned. The company has implemented what its Board considers a market-leading logo detection model through its exclusive licence agreement with 0M Technology Solutions Ltd, whilst a human emotion detection capability is being deployed.
Bolstering its exposure to AI and making the company one of London’s leading listed innovators in the space, Gfinity has established Yentra.AI, a new business unit specialising in software engineering, artificial intelligence consulting and web3 development for commercial customers. The venture is 51% owned by Gfinity, with management holding the remaining stake.
Yentra.AI is led by Ignatius Rautenbach and supported by a team of 12 engineers through partnerships with Techohara Solutions Private Limited and Koneqt Limited. The unit aims to deliver solutions to various sectors, including banking, government and insurance, drawing on existing client relationships.
Gfinity says they view Yentra.AI as both an internal resource for developing further AI ventures and a response to significant commercial opportunities in artificial intelligence over the next two years.
“We are at the start of a major global AI cycle, and through CIQ, we believe that Gfinity is positioning itself to be a clear part of the AI cycle in advertising,” said CEO of Gfinity, David Halley.
“In addition, by partnering with the experienced team at Yentra, we now have an internal resource to build out technology for the sector and benefit from both the revenue generated from Yentra and the ability to build further technology for Connected IQ and Gfinity.”