According to our calculations, the use of our AI tool, auctoria, has the potential to reduce game production costs by up to 30% by replacing a significant portion of the graphic designer's work. Currently, other companies are testing the pre-alpha version of auctoria and we are eagerly anticipating more information about the specific cost reductions achieved through its implementation.

By leveraging the capabilities of auctoria, game developers can automate and optimize certain graphic design tasks, leading to increased efficiency and potential cost savings. As more data and feedback become available from the ongoing testing phase, we will have a clearer understanding of the precise impact on production costs. This information will further validate the value proposition of auctoria in terms of cost reduction for our target audience.

At present, there is a lack of AI-based software that enables the creation of complete 3D world models. Existing solutions typically consist of 3D editors and plugins, but they offer only a fraction of auctoria's capabilities. Additionally, these solutions often require graphic designers to manually create the models, which can be a time-consuming process.

One of the key advantages of auctoria is that our team began developing the tool two years ago, allowing us to have a developed and ready-to-use product now. This gives us a significant edge over other AI startups in the market, as we have already invested substantial time and resources into creating a comprehensive and robust toolset.

auctoria offers a unique value proposition by automating and streamlining the 3D modeling process, reducing the reliance on manual work from graphic designers. This not only saves time but also opens up new possibilities and efficiencies for our target audience of game developers, filmmakers, architects, and metaverse users.

The CEO of auctoria - Aleksander Caban - is also a co-founder of Carbon Studio, a successful Polish VR games developer established in 2015. With a proven track record of success in the game industry, Carbon Studio brings valuable expertise and industry knowledge to the auctoria team.

Our main programmer and CTO - Michał Bugała - is an experienced AI specialist with eight years of experience in developing AI software. He leads our team of senior and junior programmers who are focused on the development and implementation of deep learning architectures and training models using appropriate tools and techniques.

In addition to our technical team, we have a dedicated business development team responsible for identifying and cultivating partnerships and opportunities for the AI tool. They actively represent the company at global industry conferences, building relationships and exploring potential collaborations.

Heading the product management efforts is an experienced product manager who oversees the development of the AI tool from a product perspective. Working closely with the lead AI developer, she ensures that the product aligns with the needs of the target audience and meets the company's strategic goals.

Collectively, our team brings a diverse range of skills and expertise to ensure the successful development, implementation, and promotion of auctoria. With our strong foundation and industry experience, we are well-positioned to deliver a powerful and innovative AI tool to our target audience.

Additionally, we are currently in the process of expanding our team and are actively hiring talented professionals in various roles. We have open positions for graphic designers, machine learning engineers and programmers, as we continue to strengthen our development capabilities and enhance the functionality of auctoria.

To support our growth and maximize our market potential, we have also established collaborations with other companies that offer specialized services in areas such as HR and marketing. These partnerships enable us to access their expertise and resources, helping us build a strong foundation for scaling our operations and reaching a wider audience.

The first step is to identify customers beyond Carbon Studio's existing partners. While we are in discussions with companies interested in collaborating with us, we also aim to reach out to new customers who may benefit from auctoria.

After the beta launch, where interested individuals can purchase access to the beta version, we will initiate various marketing activities. One of our strategies involves hiring professional designers, concept artists and 3D artists who have a wide audience. They will create captivating content for social media and professional press, showcasing the remarkable possibilities that can be achieved with our AI tool.

By leveraging the talent and reach of these skilled artists, we can effectively demonstrate the capabilities of auctoria to the community. This approach aims to generate interest, attract potential customers and build a vibrant community around auctoria.

Additionally, our marketing activities will encompass other strategies to create awareness, such as targeted advertisements, industry partnerships, participation in relevant events and engaging with influencers. These efforts will help highlight the incredible potential of Auctoria and its value to the target audience of game developers, filmmakers, architects and metaverse users.

In addition to the mentioned marketing activities, it's worth noting that auctoria has already been showcased at international events within the IT and game development industry. These events have provided valuable exposure for auctoria, generating significant interest from other companies operating in related fields. The exposure gained from these events has helped establish auctoria as a promising and innovative solution within the 3D modeling and visualization landscape. This early interest and recognition from industry players serve as a strong foundation for further growth and adoption of auctoria among its target audience.

At the moment we are completing the first round of investment from angel investors, which provides us with the necessary resources to propel auctoria's development forward. As we continue to progress, we are actively preparing for the next round of funding to support our future growth and expansion.

Simultaneously, we are focused on setting up a robust cloud computing infrastructure. This infrastructure will enable us to scale up our operations effectively, accommodating a larger user base and ensuring a smooth user experience. Once this infrastructure is in place, we will be ready to launch the beta version of auctoria, granting users access to the tool and gathering valuable feedback to further refine and improve its functionality.

We are committed to delivering a high-quality and user-friendly experience with auctoria, and our ongoing efforts to establish a scalable infrastructure reflect our dedication to achieving this goal. With the support of our investors, the development of auctoria is progressing steadily and we are excited to soon introduce the beta version to users eager to explore the possibilities of AI-driven 3D modeling and visualization.

The value of the company was determined to be $7,000,000 during the angel investment round. This valuation was based on several factors, including the stage of development of auctoria in comparison to other AI startups, its proven usability in Carbon Games, talent pool in our team and the potential collaborations and partnerships that are currently in progress. With new partnerships on the horizon, the company's value is expected to further increase.

One of the biggest challenges is finding experienced programmers in the field of AI, as many companies are actively seeking developers. However, our advantage lies in our connection to the games industry, which is considered part of the entertainment sector.

AI for 3D creation holds immense potential to revolutionize the design and creation of 3D models, but it also presents several risks and challenges that must be considered:

1. Limited data: AI systems require substantial amounts of data to learn effectively. Insufficient data can result in inaccurate or non-representative models.
2. Competition: The rise of AI has led to numerous startups developing AI-based tools. However, our early start, strong core, and proven technology give us a competitive edge.
3. Ethical concerns: AI for 3D creation raises ethical questions regarding ownership and attribution. Determining intellectual property rights and attributing credit to human creators who trained the AI system can be challenging.

To mitigate these risks and challenges, several steps can be taken:

1. Diversify data: Using a diverse range of data during AI training helps prevent bias and ensures more inclusive models.
2. Maintain transparency: Design AI systems to be transparent, enabling humans to understand their decision-making process and the factors influencing their output.
3. Incorporate human feedback: Including human feedback in the training process helps identify and correct errors and biases, ensuring accurate and useful 3D models.
4. Consider ethical implications: It is vital to address ethical concerns surrounding AI for 3D creation, such as ownership and attribution. Clear guidelines and policies can help navigate intellectual property issues and exploring collaborative models between humans and AI systems is crucial.

By following these steps, we can responsibly develop and utilize AI for 3D creation while unlocking its transformative potential in the realm of 3D design and creation.

In the long term, we envision several potential scenarios for the future of our company.

We are actively seeking potential partners to establish cooperative relationships that could potentially lead to long-term mergers. While we are not necessarily looking to sell the entire company, having the support of a "bigger brother" could provide advantages such as cost-cutting measures, particularly in areas like cloud computing. Additionally, partnering with a larger company could open up new avenues for the development and growth of auctoria.

We believe that exploring partnership and merger possibilities can position us for further success and advancement in the AI market, while allowing us to leverage the resources and expertise of a larger entity.