In January 2024, Nova LifeStyle, Inc. completed the acquisition of an AI-Calculation Engine System for a total of $750,000. This strategic investment is part of the company's broader initiative to integrate advanced technology into its operations. The system is designed to enhance various internal processes and customer-facing functions.
The newly acquired system includes several key modules, such as commission management, a compiled and encrypted calculation engine, membership functionalities, and sales support. These components are intended to streamline business operations and improve efficiency across different departments. The company aims to leverage this technology to gain a competitive advantage in the market.
While the AI-Calculation Engine System is a significant technological step, it is currently in its development stage and not yet operational. Nova LifeStyle expects these systems to contribute to building a stronger competitive moat by enhancing customer engagement and operational capabilities in the future. The investment underscores the company's long-term vision for technological differentiation.
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