SMART CITY DEV (08268) and OAM Global have signed a strategic cooperation memorandum to promote the development and implementation of AI computing power laboratories and artificial intelligence assistants.

SMART CITY DEV (08268) announced that the company has signed a memorandum of strategic cooperation with OAM Global Limited (OAM Global) to promote the development and implementation of AI computing power laboratory and artificial intelligence assistant (AI Agent). According to the memorandum of strategic cooperation, the company plans to utilize OAM Global's expertise in machine learning and algorithmic trading to support the development of smart city infrastructure. Through this collaboration, the company aims to enhance its smart city service capabilities by introducing AI computing power laboratories and AI assistants to meet the future demand for artificial intelligence technology in smart cities. Under the cooperation framework, the company will provide space for the construction of the AI computing power laboratory. OAM Global will be responsible for building and operating this laboratory, providing the necessary computing resources support to the company, and promoting the application and development of smart technology in various city service areas. The construction of the AI computing power laboratory is designed to provide efficient underlying computing support for smart city infrastructure to improve overall system efficiency. OAM Global will develop an artificial intelligence solution called OAM AI assistant (AI Agent), which is designed to provide convenient life assistance services to the company's clients. The AI assistant system will be integrated into the company's service system to optimize customer experience. The board believes that the signing of the memorandum of strategic cooperation aligns with the company's development strategy and is in the overall interest of the company and its shareholders. The memorandum of strategic cooperation allows the parties to leverage their respective strengths, resources, and expertise to establish a stable and mutually beneficial strategic relationship for the development and construction of smart cities, as well as to expand the group's revenue sources and bring higher returns to shareholders.