Source: Marketscreener

HUMBL: HUMBL, Inc. Announces Joint Venture Agreement with Multicortex to Expand Its Artificial Intelligence Distribution

HUMBL, Inc. announced a joint venture agreement with MultiCortex, LLC, a U.S. and Brazilian-based company specializing in artificial intelligence (AI) and high-performance computing. Under the terms of the agreement, HUMBL, Inc. will hold a 51% equity stake in the joint venture, while MultiCortex co-founders Bruno Ghizoni and Alessandro Faria will retain 49% and lead daily operations. HUMBL, Inc. will invest up to USD 3 million from its upcoming Regulation A+ public offering to support go-to-market initiatives and expansion. The partnership will enable MultiCortex to further complete and commercialize its proprietary ?Forest of Algorithms? ? a federated large language model (LLM) platform designed to integrate multiple AI systems into a unified, intelligent framework. Developed by MultiCortex CTO Alessandro Faria, the ?Forest of Algorithms? enables seamless orchestration of diverse LLMs and has been recognized by NVIDIA for its innovation. The federated AI system will be distributed globally through major cloud marketplaces, including AWS, Google Cloud, Oracle Cloud, and Microsoft Azure. Mr. Faria, a globally recognized leader in biometric AI and a member of the Intel International Council, has led the development of technologies that have processed over 100 million biometric identities. MultiCortex is a recognized partner of AWS and Intel, and is committed to delivering advanced AI solutions through global cloud ecosystems and enterprise channels. HUMBL, Inc. announced a joint venture agreement with MultiCortex, LLC, a U.S. and Brazilian-based company specializing in artificial intelligence (AI) and high-performance computing. Under the terms of the agreement, HUMBL, Inc. will hold a 51% equity stake in the joint venture, while MultiCortex co-founders Bruno Ghizoni and Alessandro Faria will retain 49% and lead daily operations. HUMBL, Inc. will invest up to USD 3 million from its upcoming Regulation A+ public offering to support go-to-market initiatives and expansion. The partnership will enable MultiCortex to further complete and commercialize its proprietary ?Forest of Algorithms? ? a federated large language model (LLM) platform designed to integrate multiple AI systems into a unified, intelligent framework. Developed by MultiCortex CTO Alessandro Faria, the ?Forest of Algorithms? enables seamless orchestration of diverse LLMs and has been recognized by NVIDIA for its innovation. The federated AI system will be distributed globally through major cloud marketplaces, including AWS, Google Cloud, Oracle Cloud, and Microsoft Azure. Mr. Faria, a globally recognized leader in biometric AI and a member of the Intel International Council, has led the development of technologies that have processed over 100 million biometric identities. MultiCortex is a recognized partner of AWS and Intel, and is committed to delivering advanced AI solutions through global cloud ecosystems and enterprise channels.

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Annual Revenue
$100K-5.0M
Employees
1-25
Brian Foote's photo - President & CEO of HUMBL

President & CEO

Brian Foote

CEO Approval Rating

90/100

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