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LONDON - Lift Global Ventures PLC (AQSE:LFT) announced Thursday it will expand its investment strategy to include artificial intelligence opportunities while appointing two new directors to strengthen its board.
The London-based investment company, which focuses on financial media and technology sectors, said it will pursue both minority and majority investments in early-stage and growth companies specializing in AI infrastructure, machine learning applications, quantum computing, and AI-enabled solutions.
David Richards MBE joins as Non-Executive Chairman, bringing 30 years of technology entrepreneurship experience, including his role as Founder and Managing Partner of Yorkshire AI Labs. Richards previously co-founded WANdisco Plc (now Cirata Plc) and IntelliamAI Plc.
Mark Horrocks has been appointed Non-Executive Director, contributing 40 years of experience in the funds industry, including managing equity elements of life and pension funds valued over £2.5 billion.
Roy Kelly has resigned from the board to focus on other business interests, according to the company’s press release.
"Our strategic shift towards artificial intelligence is driven by our conviction in AI’s transformative potential," said Zak Mir, CEO of Lift Global Ventures.
The company stated it is in "advanced discussions with potential investee businesses" and expects to announce its first AI-sector investment soon. These new investments will complement Lift’s core holding in Miriad Limited, which trades as Zak’s Traders Café.
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