Company Summary - Global AI, Inc.

Overview

Global AI, Inc. is a technology company focused on developing and acquiring artificial intelligence (AI) products, solutions, and companies. Historically known as Mycatalogsonline.com, Inc., Bright Mountain Holdings, Inc., and Wall Street Media Co, Inc., the company has shifted its focus to AI technology development and integration.

Business Focus

• Develops a suite of AI applications and solutions leveraging an Agentic-AI approach, emphasizing security, scalability, and privacy.
• Acquires, integrates, and develops AI-based technology companies specializing in:
  • Machine learning and deep learning
  • Generative AI
  • Computer vision
  • Natural language processing (NLP)
• Aims to increase their customer base and product offerings post-acquisition.
• Plans to utilize cross-pollination of knowledge and strategies across acquired entities.
• Centralizes back-office functions to maximize cost and revenue synergies.

Recent Activities & Developments

• On September 12, 2023, the company’s majority shareholder, Ingenious Investment AG, purchased approximately 92.7% of the company’s shares.
• In December 2024, the company formed an R&D and Innovation Lab in-house, hiring 14 senior AI specialists and software engineers.
• Established a subsidiary in Israel (GL AI Ltd.) and signed its first commercial contract with an enterprise customer in Israel.
• On December 31, 2024, acquired 100% ownership of Tectu Biz Ltd., an Israeli company, for a total consideration of approximately $1 million in cash and stock.

Financial Summary (as of December 31, 2024)

• Revenue: $24,896 in 2024 (down from $34,000 in 2023)
• Net Loss: $1,001,095 in 2024 (up from $637,447 in 2023)
• Total Cash on Hand: $9,929
• Working Capital Deficit: $299,893
• Shares Outstanding: Approximately 154.9 million
• Share Price (June 28, 2024): $0.126 per share (market value roughly $9.5 million held by non-affiliates)
• Employees: At least 14 senior AI specialists and engineers involved in the R&D Lab

Strategic Goals

• Build and commercialize scalable AI products across industries.
• Grow through acquisitions that meet revenue and scalability metrics.
• Provide entrepreneurs and founders with alternative growth avenues outside traditional venture capital.
• Position as a competitive player in the enterprise AI market by leveraging acquired assets and internal R&D efforts.

Note: The company's operations are still in early stages, with significant losses and a limited revenue track record. They are actively seeking investor funding and strategic partnerships to support growth.