05:10 PM EDT, 03/13/2024 (MT Newswires) -- Generative AI Solutions Corp. ( AICOF ) announced Wednesday that its wholly-owned subsidiary, MAI Cloud Solutions Inc., has entered into a framework services agreement dated March 7, 2024 with a Cloud, GPU and AI Infrastructure services provider, pursuant to which, the provider has agreed to provide the deployment of GPU infrastructure as a service to MAI Cloud for a period of five years.

Pursuant to the Services Agreement, the provider is expected to complete the deployment of the full GPU infrastructure in several stages, over a period of 36 months from the date of the Services Agreement and will deliver AI Infrastructure as service to MAI Cloud for a period of 60 months from each stage services activation date.

MAI Cloud retains the right to extend the Initial Term for successive two year periods and to unilaterally terminate the Services Agreement during the Initial Term or any Extension Periods upon 120 days' written notice to the provider.

The Service Agreement may also be terminated by the provider or MAI Cloud upon 30 days' written notice, in event of default or breach of contractual obligations in the Services Agreement by either party.

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