SINGAPORE, Jan. 21, 2025 — Davis Commodities Limited (NASDAQ: DTCK), a global commodities and logistics leader, and Kohai, a leading gaming and eSports organization, announced a Memorandum of Understanding (MOU) to jointly invest in Kinetic AI, a developer of enterprise AI solutions.
AI Solutions for Businesses
The burgeoning AI market, projected to exceed $1 trillion by 2030, presents significant growth opportunities. Kinetic AI is at the forefront, creating cutting-edge AI solutions. Utilizing Tencent’s open-source AI language model and advanced AI technologies, Kinetic AI develops solutions for diverse applications, from sophisticated data analytics to immersive digital experiences.
Kinetic AI offers customizable, scalable platforms enabling businesses of all sizes to leverage AI effectively. These tailored solutions unlock AI’s full potential, creating impactful, user-centric outcomes that drive innovation and enhance business performance. Davis Commodities Limited and Kohai will make an initial $2 million investment in Kinetic AI as cornerstone investors.
CEO Statement:
Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities Limited, stated: “Kinetic AI’s scalable, user-friendly approach aligns perfectly with our focus on innovation. We see significant future growth potential, making this a strategic investment for us. Davis Commodities will also provide Kinetic AI with operational data for product development and AI model training. Data privacy will be rigorously protected. In return, Kinetic AI will offer operational optimization and cost-saving suggestions to boost our revenue and earnings.”
Kohai’s Collaborative Role
Kohai, a Kuala Lumpur-based gaming and eSports organization with operations in Indonesia, is dedicated to advancing digital entertainment through large-scale events, community platforms, and advanced technology. The company anticipates 519% revenue and 389% user CAGR from 2022 to 2025. Kohai’s team brings significant expertise in IT and AI R&D. Beyond investment, they will participate in Kinetic AI product R&D and provide user and operational data for AI model and solution development.
“This is more than a financial investment; it’s a collaboration uniting dynamic sectors,” explained Ms. Lim Su Min, CEO of Kohai. “With the gaming industry poised to surpass $200 billion, Kinetic AI’s technology can enhance fan and player experiences, creating significant new revenue streams.”
“Combining Davis Commodities Limited and Kohai’s expertise in commodity trading and gaming, Kinetic AI can develop robust solutions appealing to diverse audiences,” noted Mustafa Suleyman, co-founder of Kinetic AI. “We anticipate breakthroughs in commercial viability and consumer innovation thanks to our cornerstone investors.”
About Davis Commodities Limited (NASDAQ: DTCK)
Davis Commodities Limited is a global agricultural trading and logistics company specializing in sugar, rice, and edible oils, with a strong presence across Asia, Africa, and the Middle East. The company uses advanced technologies to optimize trading, manage supply chains, and drive growth, strategically investing in AI to maximize stakeholder value.
About Kohai
Kohai is a technology-driven gaming and esports company leveraging big data analytics to transform digital entertainment. Preparing for an IPO and with a growing user base, Kohai blends creativity and technology to redefine gamer and fan engagement.
About Kinetic AI
Kinetic AI develops next-generation language models and AI technologies for various applications, from enterprise data analytics to immersive digital engagement. Its customizable and scalable platforms empower businesses to effectively utilize AI for impactful, user-centric solutions.
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CONTACT: For more information, please contact: Davis Commodities Limited Investor Relations Department Email: investors@daviscl.com Celestia Investor Relations Dave Leung Phone: +852 9494-3413 Email: investors@celestiair.com
