Hong Kong, March 19, 2024 /PRNewswire/ -- Beijing time: On March 19, 2024, Blue Hat Interactive Entertainment Co., Ltd. (NASDAQ: BHAT) announced its comprehensive transformation to AI financial services. Dr. Deanna Liu, executive director of Golden Strategy Ltd, a wholly-owned subsidiary of BHAT, said that this transformation is a company grasping the huge opportunities of AI technology and a positive response to market changes.

BHAT's transformation is not only about chasing new technology, but is based on a deep understanding of AI technology development trends and full use of the company's market resources and technology migration capabilities accumulated over the past 20 years. Dr. Deanna Liu said, “We believe that the development of AI technology is divided into three stages: infrastructure construction, AI enabled benefits, and productivity improvement. Based on the development needs of the times and understanding of its own capabilities, management decided to actively lay out and participate in the next two stages of AI technology development. Since 2023, BHAT has carried out a comprehensive restructuring, using AI finance as a new development direction to respond to the changes brought about by AI in the financial sector, thereby accelerating the company's profitability and future development.”

The company has now received cooperation offers from various financial companies related to the application of AI technology. In response to the question of what specific services BHAT's transformation to AI financial services can increase the company's revenue, Dr. Liu answered, “AI is widely used in the field of financial services. I'll just name two requests from GTC partners that BHAT has received, and everyone will feel this transformation in the financial sector. The first requirement is that GTC, as an international derivatives exchange, has a group of powerful investors. In fact, it really needs a platform to increase their profitability. If so, through data analysis, we identify these professional investors who continue to make profits, and guide them to cooperate with KOLs or other communities to attract orders to them, achieve profit sharing, and achieve a win-win situation for KOLs, investors, traders, and the platform. According to our predictions, this kind of AI “follow order flow” can add more than 10 billion US dollars in monthly transactions to the platform, empowering the platform to a great extent.” Dr. Liu continued to add, “The second requirement, the “smart market maker” service. The contracts that can be traded on the GTC platform include precious metals, foreign exchange, stock indices, etc. Among them, there is an urgent need for a “smart market maker” that can keep an eye on the trading intensity and participate in the transaction 24 hours a day. Such market makers can not only activate the market, but also have very rich returns.”

Dr. Liu continues to say that the future of AI technology will greatly affect our lives in the financial sector. From individual investors to institutions, AI will help people manage risk more effectively and improve the quality of decision-making. She believes that with the continuous development and application of AI technology, everyone will be a witness and participant in this AI revolution. Dr. Liu concluded by emphasizing, “We have always believed that AI cannot simply be used for AI; the effectiveness of AI can only be achieved by combining the landing scene with AI. And I and BHAT want to be strong agents in adapting to this change.”

This transformation initiative of Blue Hat Interactive Entertainment Co., Ltd. marks its deep layout and firm confidence in the future development of AI technology applications. Through this transformation, the company hopes to achieve innovation in technology and services in the field of financial services, provide customers with better and more efficient services, and also open up new space for the company's future development.