SAN JUAN, Puerto Rico, Jan. 19, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – BOTS, Inc. (OTC PINK: BTZI) (“The Company”), a leading provider of advanced technology solutions, is pleased to announce an update to its business strategy. This move will mark a significant shift in company direction, positioning Bots, Inc. at the forefront of the rapidly growing artificial intelligence and drone technology markets.
Following the transfer of its blockchain-related assets to Bullet Blockchain and planning to distribute up to 250,000,000 shares of $BULT to $BTZI shareholders, Bots is transforming its business strategy by introducing a new division focused on artificial intelligence (AI) initially applying the same for smart drones. Bots will soon file a patent related to the use of AI in Drones and will announce the filing of the invention with the USPTO in the coming days.
The record date has been set for February 17, 2023 subject to Board approval which will be followed by notice to FINRA 10 days prior to the record date. The distribution rate will be decided by the Board and is estimated at approximately 1 share of $BULT for every 6 shares of $BTZI held on the record date.
As part of our new strategy, Bots, Inc. will establish an R&D division focused on artificial intelligence software for drones and advanced drone hardware. The goal of this new division is to provide customers with state-of-the-art AI solutions for drones that will help improve operations and drive growth in various industries. The company is already in the process of filing additional patents to protect its advanced technologies with the first patent ready to be filed.
The global drone market is expected to reach $43 billion by 2024 growing at a compound annual growth rate of 17.8% during the forecast period, according to a report by MarketsandMarkets. The market size for AI software, which is expected to be a key driver of drone technology, is expected to reach $190 billion by 2025, according to a report by MarketsandMarkets. By focusing on these high growth areas, Bots, Inc. is positioning itself as a major player in the industry and is poised to take advantage of the tremendous opportunities ahead.
In addition to its new R&D arm, Bots, Inc. is also excited to announce several potential use cases for its AI-powered drones. The first is in the construction and mining industry, where drones equipped with AI algorithms can be used for surveys and inspections, enabling companies to improve safety, reduce costs and increase efficiency. According to a report by MarketsandMarkets, the survey and inspection drone market is expected to reach $5.8 billion by 2026 growing at a CAGR of 21.1% during the forecast period.
Another potential use case is in the logistics and delivery industry. AI-equipped drones can be used for parcel delivery, providing faster and more efficient service to customers. The global drone logistics market is expected to reach $11.2 billion by 2030, growing at a CAGR of 23.8% during the forecast period, according to a report by MarketsandMarkets.
Additionally, AI-powered drones can be used in the security and surveillance industry. AI-equipped drones can be used for critical infrastructure monitoring and perimeter security, providing real-time information to security personnel. The global drone-based security and surveillance market is expected to reach $4.2 billion by 2023, growing at a CAGR of 20.4% during the forecast period, according to a report by MarketsandMarkets.
With these exciting use cases and the company’s new focus on AI and drone technology, Bots Inc. is positioning itself as a major player in the industry and is poised to take advantage of the exciting opportunities that offer themselves to him. The company’s new strategy and leadership team will help it better serve its customers and establish itself as a leader in the field of AI-powered drones.
“We are excited to embark on this new chapter for Bots Inc. Our new business strategy is focused on providing our customers with the best AI solutions for drones, which will help them improve their operations and drive growth. We are confident that our new R&D will allow us to better serve our customers and position ourselves as an industry leader,” commented CEO Simon Rubin.
ROBOT READS THE NEWS
We recently announced that we had selected @ScottAdamsSays as the ideal personality to incorporate into the AI, which triggered his tweet of the same, which led Machiavelli’s Underbelly to produce this deep Cyborgesqe fake of Adams reading our news of himself : https://mobile.twitter.com/mmm_machiavelli/status/1612633215625461767
Scott Adams’ voice has earned a reputation as a persuasive and influential presence on social media, fostering a sense of personal connection among listeners. To capitalize on this, BOTS, Inc. plans to incorporate an AI version of Scott Adams as the company’s chief commercial officer and as the voice of the company in all aspects of commerce and communication, from the same way Siri and Alexa are used by their respective partners. companies. Advanced sci-fi AI characters, such as HAL from 2001: A Space Odyssey, C-3PO from Star Wars, and Data from Star Trek, provide insight into the potential of Scott Adams’ voice to live in the artificial immortality. It should be noted that Scott Adams first rose to prominence as the creator of the Dilbert comic strip and is a prolific author of best-selling self-help books, which can also be used to develop his personality as a AI.
About BOTS, Inc.
BOTS, Inc. is a global technology company specializing in AI, blockchain-based solutions including decentralized financial applications and cybersecurity solutions, and owns a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATM -related US patents, and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company. Bots, Inc. is developing a user-friendly AI assistant inspired by the personality of Scott Adams and designed to be a personal friend to our customers – incorporating several features, some of which can be found in the popular Chat-GPT.
BTZI’s subsidiary, TekX Mining and Gaming PC Solutions, also provides consulting, optimization and repair services for crypto mining equipment and extended warranty contracts. Tekx organizes training for miner repair technicians. TekX also offers Testing, Inspection and Certification (TIC) services as a value-added set of procedures that is now provided to ensure second-hand bitcoin miners and other related products comply with regulations. and manufacturing standards in terms of quality and safety. . These services include optional on-site or remote diagnostic testing, document checks, data processing consistency checking, business process audits and inspections across the entire supply chain. Testing and commissions will be provided to institutional buyers of bitcoin miners as well as small miner operators or at the request of the manufacturer.
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Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that is not directly related to historical or current fact. Actual results may differ materially from those indicated by these forward-looking statements due to various important factors that may be disclosed in the Company’s filings. In addition to these factors, actual future performance, results and results may differ materially due to broader factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in government and public policy. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and those views are subject to change. However, while the Company may elect to update these forward-looking statements at some time in the future, the Company expressly disclaims any obligation to do so. These forward-looking statements should not be taken to represent the views of the Company as of any date subsequent to the date of the press release. These forward-looking statements are risks which are detailed on the Company’s website and filings.
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