Global Tech Industries Group, Inc. (OTCPK:GTII) signed a non-binding and preliminary Memorandum of Understanding to acquire AI Commerce Group, LLC on June 9, 2023. Global Tech Industries Group, Inc. (OTCPK:GTII) signed a membership purchase agreement to acquire AI Commerce Group, LLC for $20 million on August 20, 2023. Transaction is subject to due diligence and signing of definitive agreement.

The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary.