Alset AI Announces First Quarterly Renewal of Lyken.AI Cloud Compute Services Contract with Multinational Technology and Telecommunications Company

VANCOUVER, BC / ACCESS Newswire / May 14, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:GPUSD)(FSE:1R60)(WKN:A40M0J) ("Alset AI" or the "Company"), an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, announces that its 100% owned Lyken.AI ("Lyken") has executed its first quarterly renewal under its previously announced cloud compute services agreement with a leading multinational technology and telecommunications company. The renewal became effective May 6, 2026 and is structured as a three-month purchase order valued at approximately CAD$250,000.