Digital Currency X signs $20M deal for AI education platform with exclusive US rights

Digital Currency X Technology (DCX) Stock Rallies Over 31% After Hours: Here's What Is Going On Digital C

$20 Million Bet on AI Education Platform According to Digital Currency X, the MOU contemplates an aggregate investment of $20 million by DCX to support continued development of Whales AI's platform, including training and optimization of its underlying AI large language model and its localization for the education market in the U.S. and Canada. In exchange, Whales AI intends to grant DCX the exclusive right to market, sell and commercially operate the platform throughout the territory. Under the deal, DCX would lead sales, marketing and business development for the platform in the Territory, while Whales AI would remain responsible for platform development, large-model training and technical maintenance. DCX and Whales AI would share resulting platform revenue on a 60/40 basis respectively. CEO Melissa Chen said the deal reflects DCX's "continued shift toward digital currency and AI-driven business lines." The agreement remains non-binding, subject to due diligence and board approval, with no revenue expected this fiscal year. Precedence Research estimates that the global AI in education market will be valued at $9.58 billion in 2026 and is expected to grow to $136.79 billion by 2035. Trading Metrics, Technical Analysis Digital Currency X has a market capitalization of $380.55 million, a 52-week high of $9.99 and a 52-week low of $0.63. The Relative Strength Index (RSI) of LVWR stands at 48.03. The stock's price has fallen by 99.97% over the past 12 months. Currently, DCX is trading close to its annual low. The digital asset management and treasury company's steep stock decline and weak market position suggest that it continues to experience significant pressure. Price Action: The small-cap stock closed the regular session at $1.08, up 19.73%, according to Benzinga Pro. Benzinga's Edge Stock Rankings indicate that DCX has a negative price trend across all time frames. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

DCX signs MOU for $20M investment in AI education platform By Investing.com

NEW YORK - Digital Currency X Technology Inc. (NASDAQ:DCX) announced today that it signed a non-binding memorandum of understanding with Whales AI Limited to pursue commercialization of an AI and STEM education robotics platform in the United States and Canada. The MOU contemplates a $20 million investment by DCX to support platform development, including training and optimization of its artificial intelligence large language model and localization for the education market. In exchange, Whales AI would grant DCX exclusive rights to market, sell and operate the platform in the territory. Under the proposed arrangement, DCX would lead sales, marketing and business development while Whales AI would handle platform development, large-model training and technical maintenance. The parties intend to share platform revenue on a 60/40 basis, with DCX receiving 60% and Whales AI receiving 40%. The MOU is non-binding regarding its principal commercial terms. Entry into definitive agreements requires completion of due diligence, agreement on final terms and necessary internal approvals including board approval. No amounts have been committed under the MOU and no revenue is expected from this activity in the current financial year, according to the press release statement. The company cited third-party research estimating the global artificial intelligence in education market at approximately $9.58 billion in 2026, projected to grow to approximately $136.79 billion by 2035. Separately, the global educational robots market was estimated at approximately $1.38 billion in 2024 and projected to reach approximately $5.84 billion by 2030, with North America representing more than 35% of global revenue in 2024. "This proposed cooperation reflects our continued shift toward digital currency and AI-driven business lines," said Melissa Chen, CEO of DCX. The company stated there is no assurance that definitive agreements will be entered into or that the contemplated business will proceed. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.