HONG KONG, March 19, 2024 /PRNewswire/ -- Blue Hat
Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) announced
its shift into AI financial services. Dr. Deanna Liu, Executive Director of Golden
Strategy Ltd, a wholly-owned subsidiary of BHAT, stated that this
strategy is a proactive response to the growth in Artificial
Intelligence technology and the evolving market dynamics.
BHAT's strategic shift is not merely a pursuit of new technology
but is based on an understanding of the trends in AI technology
development, and also the full utilization of BHAT's market
resources and technological migration capabilities. Dr.
Deanna Liu stated, "We believe that
the development of AI technology can be divided into three stages:
infrastructure construction, the potential for revenue increase,
and productivity enhancement. Since 2023, BHAT has undergone
comprehensive restructuring, with AI finance being the new focus,
responding to the tremendous change brought about by AI in the
financial sector."
There has been great interest from financial enterprises
regarding AI technology applications and BHAT's ability to
transition to AI financial services and what that will do for their
bottom line. Dr. Liu added "AI applications in the financial
services sector are very diverse. I will mention two cases in point
from our partner GTC Group LLC., a Dubai based brokerage firm, to show the
dramatic transformation in the financial industry. The first case
is that the high-performance traders in GTC need a platform to
amplify their profitability. If we identify these consistently
profitable traders through data analysis and guide them to
collaborate with opinion leaders or other communities, it will
achieve a mutual benefit situation among KOLs, investors, traders
and the platform. According to our projections, such
'follow-the-leader and get-paid' can add more than $10 billion in monthly transactions to the
platform." Dr. Liu continued, "The second case is to address the
fact that GTC's tradable contracts include a very complexed mix of
precious metals, foreign exchange, stock indices, etc., where there
is an urgent need to closely monitor buying and selling pressure
and participate in a 'smart' market maker trading system."
Dr. Liu further stated that the future of AI technology in the
financial field will greatly impact our lives. From individual
investors to institutions, AI will help people manage risks more
effectively and improve the accuracy of decision-making.
Dr. Liu emphasized, "We have always believed that AI should
not be pursued solely for the sake of chasing high technology. Only
by integrating AI with real-world scenarios can its effectiveness
be fully realized. Both myself and BHAT hope to become leading
promoters of this change."
This shift by Blue Hat Interactive Entertainment Technology Co.,
Ltd. marks its deepening commitment to the field of AI technology
applications and its belief in future development that will open up
tremendous opportunities.
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SOURCE Blue Hat Interactive Entertainment Technology