CIMG and FLock Partner to Develop AI-Powered Wellness Product with Federated Learning

CIMG Inc. has partnered with FLock.io to develop an AI-powered wellness product, LifeNode, using FLock's federated learning technology. The product will enable secure wellness monitoring and recommendations without centralizing user data. CIMG is also exploring the acquisition of FLOCK tokens for its digital asset treasury. The partnership comes as CIMG faces regulatory and financial challenges, including a Nasdaq delisting notice.

CIMG Inc., a Nasdaq-listed micro-cap company focused on digital health and sales development, has entered into a strategic partnership with FLock Technology Holdings to develop an AI-powered wellness product called LifeNode. The collaboration leverages FLock's federated learning technology to enable secure AI-assisted wellness monitoring and recommendations without centralizing user data [1][2][3].

Under the non-binding Memorandum of Understanding (MoU), FLock will serve as CIMG's provider of privacy-preserving AI technology for the LifeNode product. The agreement also includes a potential acquisition of FLOCK tokens for CIMG's digital asset treasury. Jiahao Sun, CEO of FLock, noted that the partnership marks a significant expansion of their privacy-preserving AI capabilities into the consumer health and wellness space [1][2][3].

The development of LifeNode comes as CIMG faces regulatory and financial challenges. The company has received a delisting notice from Nasdaq due to non-compliance with minimum bid price requirements. CIMG remains non-compliant with Nasdaq Listing Rule 5550(a)(2) and is ineligible for a second extension after failing to meet the original deadline. A hearing is scheduled for August to address the potential delisting [1][2].

FLock's decentralized AI training platform combines federated learning and blockchain technology, allowing for AI model development without centralizing user data. The platform's native utility token, FLOCK, is being evaluated by CIMG as a potential treasury reserve asset [1][2][3].

For CIMG, the partnership with FLock represents a strategic growth initiative. The company's existing brands include Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango. Despite facing financial challenges, including negative EBITDA and diminishing cash reserves, CIMG is exploring significant growth potential in the digital asset and cryptocurrency sector [2].

References:
[1] https://crypto.news/cimg-partners-with-flock-io-for-ai-powered-wellness-product-leveraging-flocks-federated-learning/
[2] https://www.investing.com/news/company-news/cimg-signs-mou-with-flock-for-ai-wellness-product-development-93CH-4210904
[3] https://www.investing.com/news/cryptocurrency-news/cimg-signs-nonbinding-ai-partnership-with-flock-technology-holdings-432SI-4210885