Onfolio Completes Development of Generative AI Search Tool
May 26 2023 - 8:00AM
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Company” or
“Onfolio”), a holding company that acquires and manages a
diversified portfolio of online businesses announces the launch of
a powerful generative AI search function for MightyDeals.com, one
of its subsidiaries.
The team at Onfolio has been working hard to develop AI tools
that can add value to each of our businesses. Onfolio’s AI is based
on chatGPT-style Large Language Models, (LLMs)
By adding AI powered search on MightyDeals.com, customers can
use plain language to describe what they are looking to buy. The AI
tool is familiar with the context and description of hundreds of
active deals on the mightydeals.com site and instantly returns
results based on the searcher’s description.
The new AI search feature creates a better experience for the
end user by speeding up the process of finding the best deal, even
if they aren’t fully sure what they’re looking for.
With a better user experience facilitated by our new search AI
feature, Onfolio expects higher user return rates, higher site
interaction rates, and higher revenues at mightydeals.com
“Our new AI tool demonstrates that Onfolio is focused on
delivering the best experience for our customers across all our
subsidiaries,” said Dominic Wells, CEO of Onfolio Holdings Inc.
MightyDeals.com
Mighty Deals is a free daily deals website aimed at creative
professionals with a focus on products and services for web
designers and developers. The site offers amazing deals on quality
fonts, templates, apps, add-ons, plug-ins, ebooks, icons, and more.
The site provides discounts on packages which usually range between
50%-97% off but are only available for a limited time.
MightyDeals.com boasts an exceptional return rate from its users
and is one of Onfolio Holdings' highest revenue-generating
subsidiaries.
Onfolio Holdings Inc.
Onfolio acquires and manages a diversified portfolio of online
businesses across a broad range of verticals, each with a niche
content focus and brand identity. Onfolio acquires firms that meet
its investment criteria, being that such businesses operate in
sectors with long-term growth opportunities, have positive and
stable cash flows, face minimal threats of technological or
competitive obsolescence, and can be managed by our existing team
or have strong management teams largely in place. The Company
excels at finding acquisition opportunities where the seller has
not fully optimized their business, and Onfolio’s experience and
skillset allow it to add increased value to these existing
businesses. Visit www.onfolio.com for more information.
Safe Harbor Statement
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words “may,” “will,” “should,” “plans,”
“explores,” “expects,” “anticipates,” “continues,” “estimates,”
“projects,” “intends,” and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing new
customer offerings, changes in customer order patterns, changes in
customer offering mix, continued success in technological advances
and delivering technological innovations, delays due to issues with
outsourced service providers, those events and factors described by
us under the caption “Risk Factors” included in our SEC filings and
other risks to which our Company is subject, and various other
factors beyond the Company’s control.
Investor Contact
Core IR
Investors@Onfolio.com
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