Nightfood Holdings Inc. (OTCQB: NGTF), through its subsidiary Future Hospitality Ventures Holdings Inc. (FHVH), has announced a significant step forward in culinary education by entering into a binding Letter of Intent (LOI) with Stratford Education Group, doing business as Los Angeles Cooking School, to form Modern Culinary Systems Inc. This partnership marks a pioneering move to integrate artificial intelligence (AI) into culinary education, a first in the United States, with FHVH holding a 51% stake in the venture.
The initiative is backed by an investment of up to $150,000 over 18 months aimed at driving AI automation and growth within the culinary school. The collaboration is strategically positioned to tap into the lucrative $32.5 billion culinary education market, offering a unique blend of traditional culinary skills and cutting-edge AI technology. FHVH will oversee the operations of Modern Culinary Systems and holds exclusive rights to acquire 100% of Stratford and Los Angeles Cooking School within 24 months at a 30% discount.
This development is not just a milestone for Nightfood Holdings Inc. but also a significant leap forward for the culinary education sector. By incorporating AI into its curriculum, Modern Culinary Systems is set to redefine how culinary skills are taught and learned, preparing students for the future of the food industry where technology plays an increasingly central role. The move underscores the growing importance of AI across various sectors, including education, and highlights Nightfood Holdings Inc.'s commitment to innovation and growth in emerging markets.
For more details on this groundbreaking venture, visit https://ibn.fm/eloYF.
