09:01 AM EDT, 03/12/2024 (MT Newswires) -- Nextech3D.AI ( NEXCF ) , a generative AI-Powered 3D model supplier for Amazon, P&G, Kohls, and other major e-commerce retailers, said Tuesday that it has launched a new AI Incubator and AI Development Division, as part of efforts to advance artificial intelligence technologies.

This new venture will be overseen by a team of three AI scientists alongside the leadership of Evan Gappelberg, CEO of Nextech3D.ai ( NEXCF ), and Hareesh Achi, former Microsoft executive.

This new division sets the stage for additional potential IPO spin-outs of new AI technology companies to Nextech3D.AI's ( NEXCF ) shareholders.

The company was up 10.3% in Canada yesterday.