Powerbridge Technologies Acquires AIedu, Unlocking New Avenues for ChatGPT Applications
ZHUHAI, China, April 4, 2023 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a leading provider of multi-industry technology solutions, today announced it has acquired 90% stake of Ascendent Insights Education Co., Ltd. ("AIedu"), an AI education service company. This move is part of Powerbridge's strategy to expand its presence in the education industry and leverage AIedu's expertise to further improve its offerings.
The acquisition of AIedu will enable Powerbridge Technologies to integrate ChatGPT into its existing education offerings, one of the key drivers of growth for the Company. ChatGPT is a game-changing product in early childhood education that provides personalized learning experience for students. The integration of ChatGPT into Powerbridge's existing education offerings is expected to create substantial benefits for the Company, including expanded market opportunities, a larger user base, and increased revenue streams.
"Joining forces with Powerbridge will help us to provide our AI-powered education services to a larger base of participant more students," said Aaron Liu, CEO of AIedu. "We are excited to work with Powerbridge to integrate our innovative products and further develop cutting-edge solutions that meet the needs of pre-childhood education. Our team is excited to bring continued values to the company."
Stewart Lor, CEO of Powerbridge Technologies, commented: "The acquisition of AIedu is an exciting step forward as the Company continues to innovate and bring cutting-edge technology services to the education industry. With our focus on personalized learning experiences for pre-school children, we are well-positioned to tap into this growing market and drive future growth for our shareholders."
About Ascendent Insights
AIedu is an AI education service compny with more than 400,000 users and over 20,000 reading materials. AIedu serves over 4,000 nurseries and kindergartens with 40,000 educators, providing an innovative approach to early childhood education through its use of AI technology. Its flagship product, Little Egg, has received positive feedback from parents and educators alike for its ability to provide personalized learning experience for each student.
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading provider of multi-industry technology solutions. The Company offers software and platform applications, IoT platform services and intelligent devices, supply chain platforms and interactive media services, metaverse and digital services, and cryptomining platform services and cryptocurrency asset operations.
Safe Harbor Statement
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SOURCE Powerbridge Technologies Co., Ltd.
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