LONDON (ShareCast) - (Sharecast News) - Insig AI said on Thursday that it had signed a memorandum of understanding to design, build and host a customer fund engine for a new macro fund being launched by the principals of a company to be incorporated in the Far East.
The AIM-traded AI analytics and machine-learning specialist said the initial engagement was expected to run for 15 months and generate $240,000 of revenue, with $120,000 expected within three months of contract commencement and a further $120,000 over the following 12 months for hosting, development, support and maintenance.

Chief executive Richard Bernstein said the mandate showed "the increasingly commercial relevance" of Insig AI's offering, adding that its "domain specific knowledge in workflows and how they interact with LLMs is our core strength".

At 0857 BST, shares in Insig AI were up 1.63% at 12.5p.

Reporting by Josh White for Sharecast.com.

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