Shares of Dreamland Limited (NASDAQ:TDIC) rose sharply in early trading Tuesday, gaining 59% in the premarket session after the company disclosed a strategic collaboration to create an AI-driven image library platform. The announcement centers on an MoU between Dreamland’s subsidiary, Trendic International Limited, and LinkFung Innovation Limited, a Hong Kong technology firm focused on AI development, cloud infrastructure and data management.
The proposed platform is described as an "AI-powered intelligent image library" designed to provide real-time face detection, recognition and tagging, together with automated content tagging and intelligent image filtering. Additional capabilities outlined in the agreement include AI-based content analysis and automated hashtag generation.
Technically, the project contemplates a scalable cloud infrastructure and a high-performance database system capable of supporting vector embeddings for AI search and recommendation functions. The companies estimate the work will span 12 months from commencement.
On intellectual property, the MoU specifies that ownership of IP related to the project will vest in Trendic International Limited upon full payment. While the document contains legally binding provisions covering intellectual property, confidentiality and data protection, it remains generally non-binding with respect to whether a definitive contract will be executed or whether the project will reach completion as described.
"This cooperation is expected to be a pivotal milestone for Trendic’s expansion into AI sector," said Seto Wai Yue, Director and Chief Executive Officer of Dreamland. "By integrating LinkFung Innovation’s AI-Powered Intelligent, we plan to enhance our portfolio with high-value, AI-enabled intelligence."
Dreamland reported that Trendic and LinkFung have entered a non-binding memorandum of understanding that outlines the collaboration but does not guarantee a final service agreement or successful delivery of the platform. The company also noted that there is no assurance the parties will execute a formal service agreement or that the project will be completed as described.
Dreamland is primarily an event management service provider that assists event organizers with planning and execution. The proposed AI image library would expand Trendic’s offerings into AI-enabled media management and search capabilities, supported by cloud and database infrastructure.
Summary
The MoU between Trendic and LinkFung lays out a plan to build an AI-powered image library with face detection, automated tagging, intelligent filtering and vector-embedding search capabilities. The project is expected to run 12 months, with IP assigned to Trendic upon full payment. Although the MoU includes binding clauses on IP, confidentiality and data protection, it is generally non-binding regarding the completion or formalization of the transaction.