XMax AI enters cooperation with Korean fashion firm apM Group

Los Angeles - XMax Inc., a contemporary furniture design and distribution company specializing in artificial intelligence technologies, has announced a Letter of Cooperation with apM Group, a Seoul-based fashion wholesale ecosystem operator. The non-binding agreement aims to explore the development of AI infrastructure and industry-specific AI models for the Korean and global markets.

XMax AI, the subsidiary involved, brings its infrastructure and model deployment capabilities to the partnership, while apM Group contributes its fashion industry expertise and datasets. Potential applications for the collaboration encompass design, merchandising, styling, retail, supply-chain management, and marketing within the fashion sector.

Additionally, the companies intend to establish a joint venture in Korea to support AI infrastructure operations and model development. apM Group operates under the brands apM, apM Luxe, and apM PLACE in Korea's wholesale fashion industry, managing a significant B2B fashion wholesale market network. XMax AI's CEO, Andy Lu, stated that the cooperation marks a progression from general-purpose model API services to vertical AI solutions.

The Letter of Cooperation is primarily non-binding, with certain provisions to be detailed in separate definitive agreements addressing infrastructure deployment, model access, data governance, commercialization, and joint-venture governance.