AIEDC Launches Internet Public Offering (IPO) / Partnership With Lodz University of Technology
03/12/2021

(AIEDC), is an A.I. as a Service (AIaaS) Provider with a 5G - Cloud Mobile App Maker that will use Machine Learning.

Online PR News – 12-March-2021 – Huntington Beach, California. – The Artificial Intelligence Economic Development Corporation (AIEDC), is an A.I. as a Service (AIaaS) Provider with a 5G - Cloud Mobile App Maker that will use Machine Learning to help small and midsize businesses create their own (IOS & Android) Mobile Apps with No-Code or Low-Code --- so they can engage and service their Customer Base, as well as provide Front & Back Office Digitization Services for SMB’s.

According to a recent report that surveyed nearly 40,000 small business owners and managers and was conducted in part by the World Bank, the Organization for Economic Co-operation, and Development (OCED), and the Small Business Roundtable, one-third of small and midsize businesses (SMB) in the U.S. never expect to reopen due to the COVID-19 shutdowns.

Lodz University of Technology signed a Cooperation Agreement with Artificial Intelligence Economic Development Corporation (AIEDC) --- the agreement will cover the implementation of common goals in the field of Research and Development work related to Artificial Intelligence.

The signatories of the document are Prof. Dr. Krzysztof Jó?wik, Ph.D., D.Sc. President of Lodz University of Technology and Leonard S. Johnson, founder and CEO of AIEDC.

As Professor Jó?wik says:

- For obvious reasons resulting from the pandemic, we signed the document remotely, after previous arrangements, which started even before the summer break. The agreement entered into force on 9 November 2020. The planned cooperation is to include, among other things, sharing the results of Research on Artificial Intelligence and Developing Research Projects, especially with the Scientific and Business communities in the United States.

In preliminary discussions with the board of AIEDC the idea of a project to be implemented together was born, and a management team was formed in this matter, whose members are scientists from Lodz University of Technology from the Institute of Applied Computer Science with experience and achievements in the development of the latest fields of Computer Science.

These are: Vice-Dean for Education / Associate Professor Dr. Andrzej Romanowski, Ph.D., D.Sc., Associate Professor Dr. Rados?aw Adamus, Ph.D. It is also planned to invite Scientists from the Faculty of the Physics Department, Information Technology Department (IT), as well as the Applied Mathematics Department at Lodz University of Technology.

The Team also includes the AIEDC authorities, Founder and CEO Leonard S. Johnson and Chairman of the Board of AIEDC, Professor Dr. Alexander Nawrocki, Ph.D., as well as a Member of the Board - Kris Skrinak, Global Machine Learning Technical Lead at Amazon Web Services (AWS).

Professor Dr. Alexander Nawrocki, Ph.D., former Director of (NASA) National Aeronautics and Space Agency, Lodz University of Technology Graduate, Explains:

- One of the main objectives of the planned cooperation will be to use the Economic Model, and apply to it - Artificial Intelligence, which was developed by Paul Romer, Nobel Prize winner in 2018.

Professor Dr. Romanowski, Ph.D., talks about the partner Lodz University of Technology signed the agreement with:

- Artificial Intelligence Economic Development Corporation (AIEDC) supports institutions and organizations in developing Ideas based on Artificial Intelligence. The aim of these activities is to lead the project from the idea to its transformation into a profitable product. The use of Artificial Intelligence must aim at the realization of Ideas that will have an impact on the sustainable development of the Global Economy. Of course, the Idea itself is only the beginning. Further on, there is a need for people who can handle the task and, above all, for investors' money. I think that the signed agreement is a step that gives an impulse for action. It is the first but important step.

You can learn more about the Internet Public Offering (IPO) - at the following Link below.

https://netcapital.com/companies/artificial-intelligence-economic-development-corporation

Netcapital is a Registered Funding Portal with the Securities and Exchange Commission (SEC), to Invest in Private Companies before they - “Go Public and/or to the Next Iteration”. (i.e.) an Acquisition, Merger etc….

Furthermore, you can see an interview with the CEO of Netcapital and Jim Cramer – the host of Mad Money on CNBC, from the link below.

https://www.youtube.com/watch?v=TFkEHXUu2-8&feature=youtu.be