A major provider of multi-industry technology solutions, Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), today announced it had acquired 90% of Ascendent Insights Education Co., Ltd. ("AIedu"), a provider of AI education services. This action is a part of Powerbridge's plan to increase its market share in the education sector and take advantage of AIedu's experience to enhance its products.

 

Powerbridge Technologies will be able to include ChatGPT into its current educational offerings thanks to the acquisition of AIedu, which will be one of the main factors in the company's growth. A revolutionary innovation in early childhood education, ChatGPT offers pupils a tailored learning environment. Powerbridge expects to gain a lot from incorporating ChatGPT into its current educational products, including broader market options, a larger user base, and more revenue sources.

 

"Joining forces with Powerbridge will help us to provide our AI-powered education services to a larger base of participant more students," said Aaron Liu, CEO of AIedu. "We are excited to work with Powerbridge to integrate our innovative products and further develop cutting-edge solutions that meet the needs of pre-childhood education. Our team is excited to bring continued values to the company."

 

Stewart Lor, CEO of Powerbridge Technologies, commented: "The acquisition of AIedu is an exciting step forward as the Company continues to innovate and bring cutting-edge technology services to the education industry. With our focus on personalized learning experiences for pre-school children, we are well-positioned to tap into this growing market and drive future growth for our shareholders."