AITX CEO Steve Reinharz Publishes Article Making the Case for Automation over Interest Rate Hikes

‘We Need Robots, Not Rate Hikes!’ Now Online

Detroit, Michigan, June 7, 2022 — Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) today announced that its CEO, Steve Reinharz, has published an online article that discusses the need for automation and robotics as an alternative to the increases in interest rates by the Federal Reserve.

“We Need Robots, Not Rate Hikes!” is online now. The article reviews the negative impact that the majority of the Fed’s rate hikes have had on economic conditions, primarily employment numbers over the past 60 years. Reinharz argues the position that economic and employment conditions in mid-2022 are far different than in previous decades, and the economy needs kick-start from innovative and forward-leaning tactics like widely deploying robots and other AI-fueled automation.

“Rather than force businesses to lay off workers by reducing demand for their products and services through rate hikes, let’s use technology to fill open jobs, increase supply, reduce operating costs, and keep prices in check,” said Steve Reinharz, CEO of AITX and author of the article. “Suppose we could increase productivity and the availability of goods and services rather than reduce the demand for them. Wouldn’t that be a preferable way to rebalance the labor market and ultimately combat inflation?”

The article is online at https://tinyurl.com/5ccdajuy

AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, recurring monthly revenue growth, and operational cash flow positivity. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.

For purposes of the Company's disclosures, "Artificial Intelligence" refers to machine-based systems designed to operate with varying levels of autonomy that, for a given set of human defined objectives, can make predictions, recommendations, or decisions influencing real or virtual environments. In the context of the Company's business, Artificial Intelligence is deployed primarily within the security services and property management industries to support functions such as detection, analysis, prioritization, communication, and response related to safety, security, and operational events.

The Company delivers these capabilities principally through its SARA™ (Speaking Autonomous Responsive Agent) platform, which serves as the Company's primary agentic artificial intelligence system. SARA is designed to receive and process video, audio, and other sensor data, apply automated analysis and inference, and support actions in accordance with predefined operational objectives and human oversight.

Further note that the Company's Board of Directors oversees the Company's deployment of Artificial Intelligence.