ZW Data Action Technologies, Inc., an integrated online advertising, precision marketing, data analytics, and other value-added services company, =announced that it has entered into a cooperation agreement with Chaineffect (Guangzhou) Blockchain Technology Co., Ltd., a People’s Republic of China company (“Chaineffect”), pursuant to which the parties will collaborate in areas such as Artificial Intelligent Generated Content (AIGC), AI-derived service products under the Aichat brand for market expansion, software and hardware product research and development, and the promotion of application scenarios.

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Founded in 2018, Chaineffect is a high-tech company specializing in the research and development of new-generation internet technology and application development. Chaineffect is dedicated to integrating cutting-edge information technologies, such as the Internet of Things, big data, blockchain, and artificial intelligence, to provide application development and network operation services for government infrastructure and commercial internet projects. Chaineffect has developed various API platforms with AI models and has successfully integrated OpenAI’s ChatGPT model. In the future, it plans to integrate more AI models. Chaineffect applies this technology to its Aichat brand products and will launch its first smart device this year – the Aichat Smart Core. The device not only offers basic functions such as smart device gateway, voice assistant, and entertainment features but also introduces a new dimension of human-computer interaction driven by the ChatGPT natural language model.

Under the agreement, ZW Data and Chaineffect will cooperate in two aspects: first, based on the existing Aichat products, the two companies will jointly establish a sales team to leverage ZW Data’s resources of thousands of franchisees and its domestic and overseas market promotion capabilities to promote the Aichat products. ZW Data’s small and medium-sized enterprise clients have tens of thousands of brand stores, and their customer service and store service businesses will all be service targets for Aichat products. Second, ZW Data will use its blockchain technology to collaborate with Chaineffect on research and development, expand product categories, and explore multiple commercial scenarios such as learning and education, health management, and e-commerce marketing. Additionally, the parties plan to launch commercial solutions to provide one-stop digital upgrade services for end customers.

“ChatGPT has sparked a global AI craze within just two months of its launch. We believe that the artificial intelligence industry in China also has a huge market. AI and smart devices represented by ChatGPT and ERNIE Bot have a natural fit, and downstream application scenarios and imagination space are vast. The synergy of soft and hard technology will create greater value. We anticipate the collaboration between ZW Data and Chaineffect will deepen ZW Data’s footprint in the AI field, support value realization in education, human-computer interaction, industrial internet, and enterprise digitization, and in the future, ‘AI+’ may become a standard application, bringing a new round of value growth,” commented Handong Cheng, Chairman and Chief Executive Officer of ZW Data.

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