TORONTO, Nov. 19, 2018 – Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) is pleased to share that its wholly owned subsidiary, Nexalogy Environics Inc. (“Nexalogy”), has successfully developed a Fake News detection filter. The NexaIntelligence engine has been updated to include automated detection of suspicious news sources on social media. Datametrex is proud to be one of the first companies in the field to productize its social intelligence tools with this functionality.
The Company is also pleased to announce that it is embarking on an aggressive machine learning initiative to develop more powerful fake news detectors that we plan to launch in the first quarter of 2019 in time for the run up to the Canadian federal election.
“Thanks to our advanced clustering algorithms, Nexalogy has been able to spot content farms and bot accounts for years. As fake news becomes more prevalent we are seeing demand from both government and private sectors for disinformation detection in social discussions. Adapting the technology to the NexaIntelligence software has given us the ability and expertise in-house to tackle other dubious information sources in the future,” says Claude G. Théoret, President of Nexalogy.
“We are thrilled to be first movers in this space. Fake News is a serious problem for both the public and private sectors and we look forward to offering our solutions to help combat misinformation,” says Jeff Stevens, COO and President of the Company.
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big data, Artificial intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure data transfers through its associate company, Graph Blockchain Limited (www.graphblockchain.com). Industrial scale cryptocurrency mining through its wholly owned subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Except as required by law, the Company does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.