The artificial intelligence sector has grown at a remarkable rate over the course of the past half a decade and more and more companies are now getting into it as further growth looms. Earlier this week on March 28 HUMBL Inc (OTCMKTS:HMBL) was in the news after it announced that it had launched its Artificial Intelligence and Automated Machine Learning programs across its commercial, consumer, and Latin American businesses.

HUMBL Launches Artificial Intelligence and Automated Machine Learning Initiatives Across Consumer, Commercial and Latin America

The company’s commercial business in this regard started off on a positive note as HUMBL announced that it’s Latin American subsidiary had managed to executive its first commercial sales contract for the sale of Artificial Intelligence and Automated Machine Learning.

The contract in question had been signed with an information technology and telecom leader in South America. The contract is worth $60000 for the initial deliverables and over the period of three years, the contract would be worth $195,000. The three-year value of the contract would be based on the milestones hit by HUMBL Latin America. Brian Foote, the Chief Executive Officer of HUMBL, noted that artificial intelligence could further accelerate the growth web3 as a sector and lay its importance in a big way.