Distributed on behalf of Miivo Holdings Corp.
Starting a business requires hard work, determination, and passion. Yet despite the best intentions, many companies struggle to survive. According to Founder Reports, 20.4% of businesses fail within their first year, nearly 50% fail within five years, and 65.3% close their doors within a decade.
One of the biggest reasons? A lack of market demand. The U.S. Chamber of Commerce reports that 42% of business failures occur because there simply isn't enough need for the product or service being offered. Other common challenges include running out of cash, hiring the wrong team, intense competition, and pricing or cost-management issues.
The good news is that many of these problems can be addressed with better data and decision-making tools. That's where companies like Miivo Holdings Corp. (TSXV: MIVO) (OTCQB: MIVOF) (FSE: L7S) come in. Miivo's platform integrates with a small business's existing software ecosystem, analyzes data in real time, and provides actionable recommendations to help owners make smarter decisions. The platform pulls information from the company, then uses artificial intelligence to identify opportunities and suggest next steps.
Even better, Miivo's technology is already live, generating revenue, and gaining traction with customers. The company has also launched additional tools, including its Lead Finder solution, with more software products being developed in response to growing customer demand. Miivo isn't alone in helping the SME market. Major technology companies, like Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), are also investing heavily in AI-powered solutions designed to help businesses operate more efficiently
Miivo Announces Proposed Name Change to Miivo AI Inc.
Miivo Holdings Corp. just announced that its board of directors has approved a proposed change of the Company's name from "Miivo Holdings Corp." to "Miivo AI Inc.”, subject to acceptance by the TSX Venture Exchange.
The board of directors approved the Name Change on May 8, 2026 pursuant to the Company's Articles and the Business Corporations Act (British Columbia). The Company believes the proposed name better reflects its strategic focus on artificial intelligence technologies and solutions and aligns with its long- term corporate vision.
"The name Miivo AI Inc. is a natural and deliberate reflection of who we are and where we are going," said Alexander Damouni, Chief Executive Officer of Miivo. "We have been focused on building AI-powered solutions for SMEs — and this name change ensures our corporate identity aligns with that mission. Artificial intelligence is not a feature of our business; it is the foundation of it."
Rabih Brair, Chief Financial Officer of Miivo, added: "The Name Change is a further step in our strategic evolution. We have transformed this company from an investment issuer into a technology company with a clear AI mandate, and Miivo AI Inc. communicates that positioning plainly to investors, partners, and clients alike."
The Company's trading symbol "MIVO" is expected to remain unchanged, subject to TSXV approval. The Name Change remains subject to acceptance by the TSXV and satisfaction of all applicable regulatory requirements. The Company will issue a further news release once the TSXV has accepted the Name Change and the effective date for trading under the new name has been established.
No consolidation of the Company's share capital is being undertaken in connection with the Name Change, and the Name Change will not affect the rights of shareholders.
Other related developments from around the markets include:
Nvidia and SK hynix announced a multiyear technology partnership to advance next-generation memory for the global AI factory buildout and accelerate semiconductor design and manufacturing. The agreement builds on years of deep co-engineering collaboration that has powered some of the world’s most advanced AI computing platforms.” AI factories are the engines of the next industrial revolution, and advanced memory is essential to their performance,” said Jensen Huang, founder and CEO of NVIDIA. “SK hynix has been an extraordinary partner to NVIDIA, playing a central role in delivering advanced memory technologies for NVIDIA AI computing platforms. Together, we will codevelop the next generation of memory for AI factories and support the accelerating global expansion of AI infrastructure — from frontier model training to agentic and physical AI.”
Advanced Micro Devices announced that its next-generation AMD EPYC processor, codenamed “Venice,” is ramping production in Taiwan on TSMC’s advanced 2nm process technology, with future plans to ramp production at TSMC’s Arizona fabrication facility. The milestone in the execution of the AMD data center CPU roadmap demonstrates continued progress toward delivering the leadership performance and energy efficiency required for next-generation cloud, enterprise and AI infrastructure. “Venice” is the first high-performance computing (HPC) product in the industry to enter production on TSMC’s advanced 2nm process technology. “Ramping ‘Venice’ on TSMC 2nm process technology marks an important step forward in accelerating the next generation of AI infrastructure,” said Dr. Lisa Su, chair and CEO. “As AI and agentic workloads scale rapidly, customers need platforms that can move from innovation to production faster. Our deep partnership with TSMC is helping AMD bring leadership compute technologies to market with the speed and scale required to meet this moment.”
Intel unveiled new innovations that address customers’ chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure: Intel announced rackscale AI infrastructure for customers interested in scaling their inference and agentic workloads based on Intel® Xeon® processors and SambaNova SN-50 Reconfigurable Dataflow Units (RDUs). Agentic Cloud Offering for Disaggregated Inference: Vector Core Compute, a new purpose-built enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference running on Intel Xeon processors, SambaNova RDUs, and NVIDIA Blackwell GPUs. Deep industry solutions: Strategic collaborations with industry leaders, including Foxconn, Siemens, Hitachi, Echo Neurotechnologies, and Greenstone Biosciences focused on delivering integrated vertical customer solutions based on Intel processors and purpose-built silicon. Intel Xeon 6+ processors: Next-generation data center CPU built on Intel 18A and designed for high-density, scale-out workloads. PC, gaming handheld, and physical AI momentum: Broad partner support and customer uptake for the Series 3 family of processors.
Alphabet announced financial results for the quarter ended March 31, 2026. Consolidated Alphabet revenues increased 22%, or 19% in constant currency, to $109.9 billion, reflecting strong performance across the business and our 11th consecutive quarter of double-digit growth. Google Services revenues increased 16% to $89.6 billion, led by 19% growth in Google Search & other, 19% in Google subscriptions, platforms, and devices, and 11% in YouTube ads. Google Cloud saw a meaningful acceleration in growth as revenues increased 63% to $20.0 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Solutions and enterprise AI Infrastructure, as well as core GCP services. Consolidated Alphabet operating income increased 30% and operating margin expanded by 2 percentage points to 36.1%. Other income reflected a net gain of $37.7 billion, primarily the result of net unrealized gains on our non- marketable equity securities. Net income increased 81% and EPS increased 82% to $5.11. The company announced a 5% increase to the dividend, resulting in a quarterly cash dividend of $0.22.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Miivo Holdings Corp. by Miivo Holdings Corp. We own ZERO shares of Miivo Holdings Corp. Please click here for full disclaimer.
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