06:34:29 EST Sun 09 Feb 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Railtown AI Technologies Inc
Symbol RAIL
Shares Issued 130,815,272
Close 2024-07-22 C$ 0.56
Market Cap C$ 73,256,552
Recent Sedar Documents

Railtown AI partners with Alberta Machine

2024-07-23 12:13 ET - News Release

Mr. Cory Brandolini reports

RAILTOWN AI TECHNOLOGIES INC. ANNOUNCES PARTNERSHIP WITH THE ALBERTA MACHINE LEARNING INSTITUTE (AMII) TO ACCELERATE RAILTOWN'S ADVANCED AI INITIATIVES

Railtown AI Technologies Inc. has entered into a co-development agreement with The Alberta Machine Learning Institute (Amii). Under the terms of the agreement, Railtown and Amii will partner together on a specific project and build that is related to Railtown's core AI (artificial intelligence) conductor technology.

Under the terms of the agreement Amii will provide Railtown with additional machine learning engineers and PhDs to co-develop a specific build designed and managed by Railtown. As part of the agreement, all co-developed IP will be owned by Railtown.

"Partnering with both Amii (Alberta Machine Intelligence Institute) and Mila (Quebec Artificial Intelligence Institute) marks a significant milestone in our commitment to AI-driven innovation. Both institutes form part of the backbone of Canada's strategy to continue to be a global leader in AI research and innovation thanks to pioneers in the field such as Richard Sutton (Amii) and Yoshua Bengio (MILA). By collaborating with Amii, we gain access to their unparalleled expertise in reinforcement learning and natural language processing. Simultaneously, our partnership with Mila allows us to tap into their groundbreaking work in deep learning and generative models, driving the development of new product features. These collaborations provide Railtown with a comprehensive and multifaceted approach to AI research and development, enhancing our ability to innovate and continue to attract top AI talent in such a competitive field," states Railtown co-founder and AI lead Dr. Elliot Holtham.

Cory Brandolini, Railtown chief executive officer, comments: "As a Canadian AI technology company, we are thrilled to be able to partner with two of Canada's most respected AI institutes -- Amii -- The Alberta Machine Intelligence Institute, and the previously announced Mila -- Quebec AI Institute -- on specific Railtown projects that are related to research and machine learning initiatives. Canada has some of the best AI talent anywhere in the world; Railtown has built its own talented team of AI engineers, and our partnerships with Amii and Mila will significantly accelerate and enhance the development of our Conductor AI Technologies."

About Railtown AI Technologies Inc.

Railtown AI, a Microsoft Partner, is a cloud-based application general intelligence platform for software developers and teams that practice agile project management.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.