MoU to create Customer Fund Engine for new fund

Insig AI plc (AIM: INSG), a leading provider of AI-led analytics and machine-learning solutions, is pleased to announce that it has signed a Memorandum of Understanding with the principals of a company to be incorporated in the Far East that is launching a new macro fund. Insig AI will design, build and host the Fund Engine for the customer which will bring information sources on which the fund will rely on into one repository, made available via a web application together with third-party large language models for analysis and decision support. The Fund Engine will be integral to the fund's operations and decision making.

The initial engagement is expected to be for 15 months with expected revenues of $240,000. $120,000 is expected within three months of the commencing of the contract. Immediately thereafter, hosting, development, support and maintenance is expected to commence and charged at $120,000 over the following 12 months.

Richard Bernstein, Chief Executive Officer of Insig AI, commented:

"We are delighted that this new macro fund has selected Insig AI to design, build and host its Engine to ensure that its data is not only structured effectively but will seamlessly and crucially, efficiently connect with LLMs. Our domain specific knowledge in workflows and how they interact with LLMs is our core strength. Businesses that blindly experiment with LLMs without this expertise are taking significant risks at significant cost. This Memorandum of Understanding demonstrates our ability to embed within enterprises as they grow and the increasingly commercial relevance of our offering."