Gaxos.ai Sells Gaming Assets for $1.76 Million, Focuses on AI Businesses

Gaxos.ai Inc. (NASDAQ: GXAI), a developer of artificial intelligence applications across multiple industries, has completed the sale of its gaming assets to privately held Game Foundry AI. The all-stock transaction, valued at approximately $1.76 million, includes Gaxos’ portfolio of mobile games and Gaxos Gaming Labs. The divestiture aligns with Gaxos’ strategy to focus resources on its revenue-generating AI businesses and higher-margin commercial opportunities.

According to a press release, the sale streamlines operations by eliminating non-core assets, allowing management to concentrate on business segments with stronger monetization potential. In a related move, Gaxos acquired 250,000 shares of Game Foundry AI common stock for $200,000, maintaining an investment interest in the gaming-focused company while advancing its broader AI-focused growth strategy.

The decision to shed gaming assets underscores Gaxos’ commitment to artificial intelligence, a sector where the company has been building a portfolio of solutions spanning defense, health and wellness, entertainment, and productivity. By divesting non-core operations, Gaxos aims to allocate capital and management attention to areas where innovation can drive measurable outcomes.

This strategic pivot comes as Gaxos seeks to capitalize on the growing demand for practical AI tools. The company’s portfolio includes AI-powered platforms designed to make advanced technology more accessible and transformative across high-impact industries. The transaction with Game Foundry AI allows Gaxos to retain a stake in the gaming sector while focusing on higher-margin AI ventures.

For more details, the full press release is available at https://nnw.fm/uZ12D. Additional news and updates regarding GXAI can be found in the company’s newsroom at https://nnw.fm/GXAI.

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