​Imaginea to launch security token offering, seeks to ‘democratize’ AI

Imaginea Ai Inc. has opened the whitelist for its anticipated – fully regulated – security token offering (STO).

The whitelisting will allow for early registration for those wishing to receive information regarding the STO, which is expected to see its official Canadian launch in the coming weeks, Imaginea Ai said.

Imaginea Ai said it has been working closely with the Alberta Securities Commission over the past several months in order to ensure that its STO is completed in compliance with all applicable securities laws. The completion of the STO is subject to, among other things, the receipt of all required regulatory approvals.

Imaginea Ai’s ICE Tokens – which are anticipated to be offered in the STO – will provide access to the Imaginea artificial intelligence (AI) platform through the use of blockchain, which facilitates secure transactions for bought or sold services across the company’s AI ecosystem.

“A great deal of time and effort from our skilled team has gone into getting us where we are today, and we’re incredibly excited to have Canadian’s now able to get involved in what we’re building. AI is the landmark technology of our time,” Nav Dhunay, Imaginea Ai founder and CEO, said in a statement.

“It’s experiencing explosive growth with AI-derived business value expected to reach almost $4 trillion by 2022. Imaginea Ai is positioning to play a vital role in this advancing market through making AI hyper-accessible for every organization and empowering them to put it to work solving their most compelling problems,” Dhunay said.

Having transitioned from Imaginea Energy under the original stewardship of pioneering leader Suzanne West, Imaginea Ai is positioning to democratize AI through the development of the Imaginea Artificial Intelligence Ecosystem: a uniquely scalable platform and marketplace where specialist AI talent – including data scientists, designers, engineers, researchers – can collaborate with global entrepreneurs and business leaders on developing and applying precision AI technologies.

Democratizing artificial intelligence

AI and machine learning (ML) technologies have remained the domain of only a relative handful of the largest, primarily tech-focused, organizations. The development of AI and ML models is inherently complex and expensive and the talent pool surrounding AI, whilst increasing exponentially, remains, in relative terms, a small group of highly skilled data scientists, developers and mathematicians, the company said.

With the lack of mainstream adoption and distribution channels for their work, much of this small and coveted talent pool has been monopolized by a small number of major tech providers, meaning AI technologies have yet to be truly commoditized for general consumption, it said.

Through bringing together specialist talent and connecting them with motivated commercial sector organizations of all sizes, Imaginea Ai aims to fundamentally change this paradigm by enabling every entrepreneur and business leader to embrace the benefits of pioneering AI technologies without undertaking seismic shifts to their existing teams, operations, budgets and business models.

By opening its whitelist in Canada, Imaginea Ai said it will look to gain strong early support from future platform users. It will subsequently prepare for the international launch of its STO that will begin shortly thereafter and expose the offering to select territories around the world in compliance with all applicable securities and other regulatory requirements.

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