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Infinite Reality, Global Leader Powering AI-Virtual Immersive Experiences Announces Strategic Partnership with Greenidge Generation Holdings (Nasdaq: GREE)

Retrieved on: 
Thursday, December 14, 2023

Infinite Reality, Inc. (“iR” or the “Company”), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros.

Key Points: 
  • Infinite Reality, Inc. (“iR” or the “Company”), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros.
  • “We are excited to go public with the NBST acquisition in 2024 as we continue growing our capabilities to power cinematic-quality immersive experiences for our clients.
  • The NBST team have been great partners supporting our mission to be the leader in the AI revolution.
  • Moreover, the Greenidge team will provide iR and its clients with customized state-of-the-art data center solutions designed specifically for AI and powering immersive experiences,” said John Acunto, CEO of iR.

Greenidge Generation Holdings and Infinite Reality Announce New Partnership and Equity Swap

Retrieved on: 
Tuesday, December 12, 2023

Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically-integrated cryptocurrency datacenter and power generation company, today announced that it has entered into a partnership and share exchange with Infinite Reality, Inc. (“iR”), the global leader powering virtual immersive experiences serving clients such as Warner Bros.

Key Points: 
  • Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically-integrated cryptocurrency datacenter and power generation company, today announced that it has entered into a partnership and share exchange with Infinite Reality, Inc. (“iR”), the global leader powering virtual immersive experiences serving clients such as Warner Bros.
  • Discovery, Inc., Vodafone Group plc and Universal Music Group N.V. With this transformative partnership, Greenidge is also announcing the launch of its new service offering, GreenidgeAI.
  • This effort will be powered by Greenidge’s access to low-cost power and leading engineers with experience designing and building datacenters.
  • Jordan Kovler, CEO of Greenidge commented, “I am thrilled by the opportunities that lie ahead with the launch of GreenidgeAI.

Demotech - The Rating Agency that Stepped Up

Retrieved on: 
Wednesday, November 23, 2022

Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.

Key Points: 
  • Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.
  • In 1996, when the major insurer rating agencies avoided the newly capitalized insurers depopulating the Florida Residential Property and Casualty Joint Underwriting Association (JUA), Demotech, Inc.,the insurer rating agency accepted by Fannie and Freddie since 1990, stepped up to rate the insurers that would de-populate the JUA.
  • By doing so, the rating agency grew from rating a negligible market share of Florida's premium volume to nearly 60% of the homeowners' volume in the state.
  • Now, just to be clear, Demotech is NOT a lobbying agency, it is a rating agency that stepped up in its rhetorical outreach to better a marketplace in which it plays a key role.

INFINITE REALITY NAMED HEADLINING SPONSOR OF HISTORIC GRAND PRIX DE PAU

Retrieved on: 
Thursday, April 28, 2022

LOS ANGELES and PAU, France, April 28, 2022 /PRNewswire/ -- Infinite Realty, Inc. (iR), the Metaverse innovation and entertainment company, announced today another milestone in its broad expansion into a consistent, long-term European engagement with the headline race sponsorship at the Pau Motors Festival. This robust partnership will see racing back on the streets of iconic Pau for the first time since 2018 with a revival of the world-famous Grand Prix de Pau and features Round One of the FIA eTouring Car World Cup (ETCR) tournament .

Key Points: 
  • With this sponsorship, Infinite Reality strongly solidifies the company's deep and lasting commitment to sustainable development and global responsibility.
  • "Infinite Reality is delighted to be a principal sponsor of this event and to support sustainable motorsport," said Infinite Reality CEO and co-founder John Acunto.
  • We support France's declared ambition to be carbon neutral and are excited by the opportunities for Infinite Reality in Europe."
  • Infinite Reality has all of the resources to seamlessly create and broadcast content into and from the Metaverse.

Infinite Reality Secures Standby Equity Purchase Agreement with Yorkville Advisors Global, LP

Retrieved on: 
Tuesday, March 8, 2022

This is another major step in Infinite Reality's mission of establishing economic fairness for all creators.

Key Points: 
  • This is another major step in Infinite Reality's mission of establishing economic fairness for all creators.
  • "This is another major step in Infinite Reality'smission of establishing economic fairness for all creators," said John Acunto, co-founder and Chief Executive Officer of Infinite Reality.
  • "John Acunto and the team at Infinite Reality recognize that creators of content are not being properly rewarded - and seek to change this," said Joseph Simone, VP of Investments at Yorkville Advisors.
  • "As Yorkville Advisors prides itself in providing small and medium-sized businesses access to capital to pursue their business goals," continued Acunto, "this a major accomplishment for Infinite Reality."