8-K: Ethical Web AI Announces Demonstrable Product, Aims to Revolutionize Internet Search

Bubblr Inc., d/b/a Ethical Web AI, has announced that its Ethical Web product is now demonstrable, marking a significant milestone in its development.

Summary

• Bubblr Inc., operating as Ethical Web AI, has announced that its Ethical Web product is now demonstrable after three years of development.
• The platform is based on US patent 10977387 and aims to revolutionize internet search by offering a new way to build super apps.
• The platform enables high-precision, data-driven searches through anonymous super apps, allowing users to search for any product or service regardless of the app's market sector.
• Users retain complete control of their anonymity and can even chat with potential suppliers without revealing personal information.
• The platform also offers a concierge search capability, allowing searches to persist and results to be delivered in the future as they become available.
• The company has five demonstration scenarios available on its website and is now able to demonstrate these on a pre-production version of the platform.
• The company believes this milestone will make it easier to raise the necessary finance to move the company to the next stage.
• The company is now progressing conversations with potential candidates for its first pilot projects.

Sentiment

Score: 8

Explanation: The document expresses strong positive sentiment about the company's progress and the potential of its technology. The achievement of a demonstrable product is a significant milestone, and the company is optimistic about its future prospects.

Positives

• The Ethical Web product is now demonstrable, marking a significant milestone for the company.
• The platform offers a unique approach to internet search with high-precision, data-driven queries.
• The platform prioritizes user anonymity and control over personal information.
• The concierge search capability allows for persistent searches and future result delivery.
• The company believes this milestone will facilitate raising necessary finance.
• The company is now engaging with potential pilot project candidates.

Negatives

• The company has faced challenges in explaining the significance of its technology.
• The company has had difficulty raising finance due to the complexity of the platform.
• The development of the platform has taken three years and required the invention of new technologies.

Risks

• The company needs to successfully complete pilot projects to prove the platform's viability.
• The company needs to raise additional finance to move to the next stage of development.
• The company faces competition from established internet search engines.
• The company needs to demonstrate the platform's value to potential licensees.

Future Outlook

The company plans to announce public demonstrations of the platform using online broadcast media in a few weeks and is progressing conversations with potential pilot project candidates. The company believes that the demonstrable platform will make it easier to raise the necessary finance to move the company on to the next stage.

Management Comments

• Steve Morris, CTO and founder of Ethical Web AI, remarked, 'This is the most significant event for the company to date.'
• Steve Morris stated, 'Our biggest challenge has always been to explain how hugely significant our technology is.'
• Steve Morris stated, 'Now that the platform is demonstrable, this makes our ability to raise the necessary finance to move the company on to the next stage so much easier.'
• Steve Morris stated, 'I cannot thank our development team enough for achieving this critical milestone.'

Industry Context

The announcement comes at a time when there is increasing scrutiny of established internet search engines and a growing demand for alternatives that prioritize user privacy and control. The company specifically mentions Google's anti-trust case as an example of the issues with current search technology.

Comparison to Industry Standards

• The document states that established internet search engines have not changed in over 30 years, implying that Ethical Web AI's platform is a significant departure from the status quo.
• The company positions itself as a disruptor, contrasting its approach with the practices of large technology firms like Google, which are criticized for online advertising and behavioral tracking.
• The company's focus on user anonymity and data-driven searches differentiates it from traditional search engines that rely on hard-coded queries and user tracking.
• The concierge search capability is presented as a unique feature not offered by existing search platforms.

Stakeholder Impact

• Shareholders may view this announcement positively as it represents a significant step forward for the company.
• Potential customers may be interested in the platform's unique features and focus on privacy.
• Employees may be motivated by the company's progress and the potential for future growth.
• Potential licensees may be interested in the platform's ability to build super apps.

Next Steps

• The company will announce public demonstrations of the platform using online broadcast media in a few weeks.
• The company will continue conversations with potential candidates for its first pilot projects.
• The company will seek to raise additional finance to move to the next stage of development.

Key Dates

Keywords

Ethical Web AI, internet search, super apps, data-driven search, anonymity, concierge search, pilot projects, technology, innovation, patent