Artificial Intelligence Technology Solutions, Inc. (AITX) announced on December 31, 2024, a review of its pivotal achievements in calendar year 2024, highlighting exponential increases in total revenue and recurring monthly revenue for the third consecutive year. CEO Steve Reinharz attributed this sustained growth to the company’s commitment to innovation and operational efficiency.
A significant milestone in 2024 was AITX’s successful transition to its 4th generation technology platform, shifting from Intel to NVIDIA hardware. This change dramatically improved reliability, processing speed, and scalability while reducing hardware components, enhancing product performance and accelerating production timelines.
The company also surpassed 100 team members in 2024, expanding its software and hardware development capabilities and bringing products like RADCam to market more efficiently. AITX introduced RADCam for residential users, with units scheduled to ship in the coming weeks, and plans to expand the residential product lineup to enhance recurring monthly revenue streams.
AITX's enterprise sales team made significant strides in 2024, solidifying its structure to meet growing market demands. Plans are in place to further expand the sales team to capitalize on increasing demand for solutions such as RADCam and RIO solar-powered mobile security units, positioning AITX for sustained growth into 2025.
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