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RedCloud Signs Open Weights and American AI Leadership Letter Alongside Microsoft, NVIDIA and OpenAI

RCT
  • RedCloud Holdings plc joined as a co-signatory of the Open Weights Letter, an industry commitment to open-weight AI models convened by Microsoft, NVIDIA, and other technology leaders.
  • The letter, now closed to new signatories, includes over 270 companies such as Meta, Google, OpenAI, Amazon, IBM, Intel, Databricks, Palantir, Hugging Face, and Mistral.
  • RedCloud does not develop foundation models but utilizes open-weight models to specialize advanced intelligence on FMCG trading data within its own controlled infrastructure.
  • The Company cites a global $2Tn annual inventory gap caused by fragmented supply chains as a primary driver for its Open Commerce vision.
  • RedAI is built on a proprietary Data Foundation containing $6.9Bn in FMCG trading data aggregated since 2023, which is unavailable to general-purpose model developers.
  • Open-weight models allow RedCloud to fine-tune and pre-train models directly on its data without customer information leaving the Company's environment.
  • This approach enables independent auditing of model weights, affordable intelligence for over 100,000 customers including small retailers, and deployment within local or enterprise infrastructure.
  • RedCloud's strategy aligns with its 2026 announcements of the RAID intelligence engine and CORE trade execution engine, both designed to leverage the Data Foundation.
  • Recent milestones include the July 2026 appointment of David Sturgeon as CFO, the launch of RedAI Strategy in Nigeria, a $120M joint venture in India, and Saudi operations under a $30M license agreement.
  • The press release includes forward-looking statements regarding RedAI's development, cost efficiencies, and future deployments in Türkiye, Saudi Arabia, and India.