Brief: Fatfish Says Applied AI Lab Established With Initial Investment Up To A$8 Mln Over 3-Yrs
Jan 11 (Reuters) - Fatfish Group Ltd FFG.AX :
* FATFISH APPLIED AI LAB ESTABLISHED WITH INITIAL INVESTMENT
UP TO
A$8 MILLION OVER 3 YEARS
* CO TO INVEST UP TO A$7 MILLION FURTHER CAPITAL INTO FAI
OVER
NEXT 3 YEARS FROM OPERATING CASH FLOW
* WILL INVEST A$1 MILLION IMMEDIATELY INTO FATFISH APPLIED
AI LAB
* ANNOUNCES IT HAS FORMED NEW SUBSIDIARY NAMED FATFISH
APPLIED AI
LAB TO FURTHER ITS INCUBATION BUSINESS
Source text for Eikon: ID:nASX91kQcs
Further company coverage: FFG.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Fatfish
See all newsBrief: Fatfish Aware Of Potential Improper Conduct By An External Australian Financial Consultant
Brief: Fatfish Group Says Co To Acquire Australasian Abelco Assets
Brief: Fatfish Says To Raise A$1.5 Million At A$0.012/Share
Brief: Fatfish Group Requests Trading Halt Pending Capital Raise Announcement
Australia's FatFish Group rise on strategic stake acquisition