Alset AI's Lyken.AI Secures Cloud Services Contract with Major Tech Firm

Alset AI Ventures Inc., a leader in AI venture investment, has confirmed that its flagship brand, Lyken.AI, has signed a formal contract with a multinational technology and telecommunications company. The agreement, formalized on February 6, 2026, follows a purchase order announced earlier and is valued at approximately CAD$250,000 for an initial three-month term.

This milestone represents Lyken.AI's first recurring revenue stream, indicating a strong demand for its AI solutions. With a clear intention from the client to renew quarterly through 2026, Lyken.AI anticipates generating CAD$1 million in annualized recurring revenue. Kurtis Krack, President of Lyken.AI, emphasized the importance of this step in scaling the company's revenue.