Vita Mobile Systems Inc (OTCMKTS: VMSI) is pleased to sign a non-binding letter of intent (LOI) that will enable it to win to its side an Artificial Intelligence software company. The new deal is set to take VMSIto greater heights of business success, considering that it will be incorporating a company known for its top-notch proprietary Artificial Intelligence (AI) Resource Engine .
Company has a lot to gain
VMSI hopes to utilize the resource to resolve many social and economic concerns that continue to hit the world. The tool can analyze geolocation-based trends and information, which is a great addition to the activities of the technology company that has since its establishment focused on the development of artificial intelligence and digital imaging.
The CEO of Vita Mobile Systems, Sean Guerrero, is pleased to make it from an unprecedented year. He applauds the company for its new acquisition, referring to it as a game-changer for VMSI.
The coronavirus impact
Guerrero is fully aware of the coronavirus’s setbacks and invites everyone to consider the various benefits of the outbreak.
The official believes that Covid-19 sparked some important dynamics in the world. One of the ways was the positive impact on how people continue connecting and interacting to the present.
The technological revolution that the pandemic sparked about is massive, according to the leader. It has become relatively easy to bring people together virtually.
The leader discloses that they have been trying to complete the acquisition as soon as possible. He projects that they might complete it before the month comes to a close.
Guerrero opines, “Their proprietary AI engines and VMSI’s ability to execute its learning algorithms would provide immense long-term value as the localized data needs of our evolving world are constantly expanding.”
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