Alset AI Ventures Secures Quarterly Renewal for Lyken.AI Services

Alset AI Ventures Inc., a venture company specializing in artificial intelligence solutions, has announced the first quarterly renewal of its cloud compute services contract with a notable multinational technology and telecommunications firm. The renewal, effective from May 6, 2026, is structured as a CAD$250,000 three-month purchase order. Alset AI expects a net margin of around 5% for this term.

Lyken.AI, a 100%-owned subsidiary of Alset AI, provides outsourced cloud computing services. This renewal indicates sustained customer engagement, potentially generating CAD$1 million in annual recurring revenue. Despite continued expectations for renewals throughout 2026, no binding future commitment exists from the client.