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Xcyte Digital goes public with one-stop immersive event technology | 2023-11-21 | Investing News

Xcyte Digital goes public with one-stop immersive event technology | 2023-11-21 | Investing News

Xcyte Digital Corp. (TSXV:XCYT) has accrued more than 150,000 events with more than 100 million participants through its acquired business assets.

The company provides immersive technology solutions – which include virtual, augmented and extended reality for companies to connect with its audiences and deploy its brand. Xcyte offers a one-stop shop for all the event technology and managed services for immersive and virtual events.

Randy Selman, CEO and director of Xcyte Digital, joins The Market Herald to discuss Xcyte’s cost efficient immersive event platform, the move to take the company public, and details on what investors can expect from the company in the short and longer term.

TMH: Now, to start off, could you please tell us about your background in the industry?

Selman: I started my career in Toronto, Canada, with Northern Telecom Nortel. I was hired as a result of my knowledge of microcomputers, which as an

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Amazon is ‘investing heavily’ in the technology behind ChatGPT

Amazon is ‘investing heavily’ in the technology behind ChatGPT



CNN
—

Amazon wants investors to know it won’t be left behind in the latest Big Tech arms race over artificial intelligence.

in a letter to shareholders Thursday, Amazon

(AMZN) CEO Andy Jassy said the company is “investing heavily” in large language models (LLMs) and generative AI, the same technology that underpins ChatGPT and other similar AI chatbots.

“We have been working on our own LLMs for a while now, believe it will transform and improve virtually every customer experience, and will continue to invest substantially in these models across all of our consumer, seller, brand, and creator experiences,” Jassy wrote in his letter to shareholders.

The remarks, which were part of Jassy’s second annual letter to shareholder since taking over as CEO, hint at the pressure that many tech companies feel to explain how they can tap into the rapidly evolving marketplace for AI products. Since ChatGPT was released

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