AI assistant
ROOLIFE GROUP LTD — Capital/Financing Update 2017
Sep 25, 2017
65712_rns_2017-09-25_518d8a75-ddf4-4477-8e94-68b38235e794.pdf
Capital/Financing Update
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26 September 2017
OPENDNA SIGNS MOU WITH LEADING VIRTUAL WORLD COMPANY GAIA INTERACTIVE
Highlights:
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Binding MOU signed with Gaia Interactive, Inc. (“ Gaia ”), a Silicon Valleybased pioneer of online social communities and the “virtual worlds”, which has won several accolades including Webware 100’s Community category award, Time Magazine’s list of 50 best websites, and Mashable’s Best User Experience Award.
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Gaia is a massively popular publisher in virtual worlds space, has millions of monthly active users and is the creator of the highly popular Gaia Online platform and the innovative shopping site Mix10
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OpenDNA’s technology will enable Gaia to personalize their content to each individual user, allowing for richer discovery and more engaging content experiences
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Leading artificial intelligence company OpenDNA Limited (ASX: OPN) (“ OpenDNA ”) is pleased to announce the signature of a binding memorandum of understanding (“ MOU ”) with Gaia Interactive, Inc. (“ Gaia ”), the maker of the immensely popular site Gaia Online .
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The MOU contemplates an initial 90-day trial to integrate OpenDNA’s Artificial Intelligence System (“ AIS ”) into Gaia’s digital platform(s), to enable OpenDNA to begin to personalize content served to its users. Through the use of OpenDNA’s technology, each individual user will be delivered highly personalized content, relevant to their specific interests.
Upon the trial being successful to both parties’ satisfaction they have agreed to enter into an ongoing customer agreement in OpenDNA's standard format pursuant to which OpenDNA will charge its user based licence fees or charge a percentage of revenue derived from commerce sales by Gaia the terms of which
Speaking today in relation to the signing of the MOU, Gaia’s CEO, James Cao, said:
“ Our sole focus at Gaia is to give our loyal community the best experience possible. We are committed to constantly improving our site and our apps so that our users can enjoy the content that makes our community so special. We are delighted to partner with OpenDNA to allow our users to personalize their experience.”
OpenDNA’s Managing Director and CEO, Mr Jay Shah, said:
“ Gaia is a noted leader in the “virtual worlds” and online social communities space, which we see as a key emerging area in OpenDNA’s future strategic direction. Because these communities are built upon user-generated content, we feel that our personalization technology is a perfect fit for this growing sector. We’re pleased to be working with Gaia in particular, because they value their users and their community so dearly and put them at the forefront of everything they do. We believe our technology will enhance the virtual world experience through further personalising it for each user, as well as enhancing new content discovery that his relevant to that user.”
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About Gaia Interactive
Gaia Interactive pioneered the building of robust, online social communities and the emergence of virtual worlds. Founded by Derek Liu in 2003 and James Cao in 2004, Gaia exploded with growth to over 26 million registered users by 2012 due to its focus on enabling its users to socialize and interact with each other in an online, virtual community setting. Gaia has won several accolades including Webware 100’s Community category award, Time Magazine’s list of 50 best websites, and Mashable’s Best User Experience Award.
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For further information, please visit the OpenDNA website at www.opendna.ai or contact:
Jay Shah Richard Jarvis Chief Executive Officer Chief Financial Officer Ph: +61 8 6444 1702 +61 8 6444 1702 Email: [email protected] Email: [email protected]
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