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Amesite Inc. Announces 98% Learner Retention Rate, Increase In Sales Activity After Launching Zero Setup Cost, AI-Driven Online Education Platform

Benzinga

By Faith Ashmore, Benzinga Learn more about Amesite by gaining access to their latest corporate deck Dr. Ann Marie Sastry, CEO of Amesite, shared, “We invested heavily in the tech and we believe we are seeing the rewards of this now, in terms of user outcomes and reduced costs of delivery for us and for our customers. Our AI-powered programs and infrastructure enable institutions to deliver learning with lower costs and price points, and we are working now to drive scale.” Learner retention is an important metric for the success of a learning program – learner retention spells more revenue and recurring revenue from satisfied users. Amesite Inc. (NASDAQ: AMST), an artificial intelligence (AI) software company that offers a cloud-based learning platform for businesses and the education market, recently reported industry-leading high retention rates after instituting a no-setup fee model in late 2023. Amesite's cutting-edge learning environments are designed to support a wide range of organizations, particularly colleges and universities. The company’s platforms are known for their user-friendly nature and appealing user interfaces, making it simple and cost-effective for these organizations to introduce their own branded learning programs. By placing a strong emphasis on innovation, Amesite helps businesses and educational institutions stay ahead of the curve. The company offers a zero-cost setup fee for its AI-powered platform and personalized, engaging and efficient learning experiences, which has resulted in a dramatic increase in active sales prospects. On average, the retention rate for comparable paid online courses ranges from 68-73%; however, Amesite has reported an overall retention rate of 96-98% for its platforms. This percentage is split across four major categories of coursework the company has offered: 96% for technology upskilling programs, 95% for professional development programs, 97% for cohort-based programs and 98% for self-paced programs. These numbers highlight the perceived value provided by Amesite’s AI-powered programs to its customers. Over the past year, Amesite underwent a strategic pivot of its business strategy aimed at enhancing its services for partners. The company transitioned to a more cost-effective business plan, distinguishing itself from other SaaS e-learning platforms through a no-cost set-up fee model. This transformation was made possible by leveraging the company's AI capabilities. The introduction of the no-cost set-up fee approach significantly broadened Amesite's target market, enabling companies and universities to deliver professional training without requiring substantial initial investments. Since the pivot to a no-setup fee offer with no minimums, the company has reported a 169% increase in meetings with sales prospects and a 118% increase in sales opportunities. The company has notably signed deals with Benedict College, Drake State Community and Technical College, West Virginia Northern Community College and Joliet Junior College. Mr. Brandon Owens, Amesite’s VP Sales, shared, “Our technology investments have resulted in an offer that every college and university can leverage. Our partners appreciate our straightforward business terms and our ease of implementation.” The company has also recently announced it is teaming up with Partners for Advancing Clinical Education (PACE) to provide accredited continuing education for healthcare professionals. This collaboration means that Amesite, as a Joint Provider, will be able to create and deliver CE programs on their AI-powered platform. These programs will offer continuing education credits in various healthcare fields, providing valuable educational opportunities for learners. According to Market Research Future, the global AI in education market is projected to grow from $3.45 billion in 2023 to $23.82 billion in 2030. The SaaS market is also poised for growth with an expected increase from $167 billion in 2022 to $462 billion by 2028. As Amesite continues to see the positive results of its new AI-enabled model, the company may prove to be well-positioned to expand its partnerships, resulting in more clients and more revenues – and potentially more value for investors. Featured photo by Steve Johnson on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 14, 2024 08:45 AM Eastern Daylight Time

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News Release

Antler Interactive to Showcase Their Latest Creation, Cloudborn, at GDC

Anter Interactive

Antler Interactive is bringing their latest creation, Cloudborn - A Web3 PC RPG with a sprinkle of MMO - into the limelight at GDC 2024. The turn-based battler set in a fantasy sky island realm is poised to take immersive gaming experiences to new heights by intertwining cutting-edge technology to create enchanting gameplay. The game births a seamless blend of strategic gameplay similar to Raid Shadow Legends and the accessibility of the Zelda franchise to create a turn-based RPG like no other. But that is where similarities end. Cloudborn is at the forefront of dynamic gameplay experiences, melding web3 technology and AI to create responsive worlds and gameplay, ultimately owned by the players. With tradeable NFT characters that develop in attributes and personality from the direct actions of the player, Cloudborn is taking immersive and player-owned experiences to the next level. Antler Interactive, the creators of My Neighbor Alice, describes the game as one where players strategize in turn-based battles and players roam an ever-evolving world shaped by their actions. The beauty of the game is in how it utilizes the next-generation tech stack to create dynamic worlds and unique characters, whose attributes and personalities change according to players’ direct actions, creating a truly unrivaled gaming experience. Which then are ultimately owned by the player, giving them full autonomy over their experiences. users can check out the Cloudborn game trailer and be impressed for themselves. Cloudborn’s main features: Dynamic World Building: The Cloudborn verse adapts and changes at the whim of the player, as every action has true consequences on the game's environment, all possible through advanced AI integrations Evolving Characters: playable and non-playable characters evolve based on players’ interactions. These changes stick with the characters even after trading with other players via NFT metadata. Characters you inherit from others will remember their past, for better or worse. Any bonds or rivalries get passed on even after trading. True Ownership: harnessing web3 technology, Cloudborn is giving players true ownership and autonomy over their experiences Strategic Turn-Based Battles: Plan your battles with your army of character cards. Your character lineup and positioning matter on the battlefield. Free Travel & Airship Base Management: The world of Miyunu is yours to explore. Take your customizable airship and explore the floating islands, upgrading your base as you go Cloudborn will be accessible through the ownership of their in-game digital assets, which can be bought or leased, and will run on the Chromia blockchain. Taking place on fantasy islands in the clouds, Cloudborn is a story of old. According to legend, over a millennia ago a universe-shattering war between 2 godlike powers, leaving behind a fragmented world of sky-islands corrupted the remnants of the war. Players are left to traverse through the skies on their mission to unravel the mystery of the conflict and explore beyond the known. The Cloudborn verse is powered by a unique blend of AI and web3 technology, that has the sole purpose of elevating the gaming experience. Through AI, Cloudborn boasts a dynamic world-building experience, by which the gaming environments and characters react and develop in real-time based on player actions, giving rise to a deeper, unique gaming experience. As Oliwer Svensson, Chief Creative Director of Antler Interactive, says “ It's not just binary data, but rather it's unpredictable characteristics that are created by AI that molds your character”. Gameplay is further enhanced by blockchain technology, as characters, items, and progression are in full control of the player. What makes Cloudborn truly special is how it elegantly intertwines the 2 technologies in a harmonious symphony by which gameplay is not only personalized and immersive but carries intent. Lenny Pettersson, CEO of Antler Interactive puts it beautifully, as he believes in using this new technology “as a paintbrush to create great and unique things.” Whether you are picking up Cloudborn for a casual play-through, or to get into the nitty-gritty of strategic gameplay and theory crafting, you are sure to be greeted with a gaming experience like no other - quite literally. Cloudborn will be demoed next week at GDC 2024, from the 20th to the 22nd of March at the Inworld Booth (2-6 pm, March 20th), and the BGA Booths (all day, March 22nd). Players can access more information on the game through their Twitter, Telegram, and Discord channels. About Anter Interactive Antler Interactive is a Swedish gaming studio renowned for its innovative approach to gaming. Focusing on cutting-edge technologies, Antler Interactive strives to create immersive and involving experiences that captivate players worldwide. Antler, a multi-award-winning gaming studio, won the Binance Launchpool project of the year for My Neighbor Alice. Antler Interactive is a subsidiary of ChromaWay. More information can be found at antlerinteractive.com and cloudborn.game. Contact Details Antler Interactive Ramsey Shallal ramsey@gelocubed.com

March 14, 2024 08:43 AM Eastern Daylight Time

Quantum Blockchain Technologies unveils 'Method C' AI-driven bitcoin mining breakthrough

Quantum Blockchain Technologies PLC

Quantum Blockchain Technologies PLC (AIM:QBT) chairman and CEO Francesco Gardin discusses the company's game-changing ‘Method C' bitcoin mining technology, a novel approach leveraging machine learning and artificial intelligence oracle technology. Method C, described as an AI-driven "Oracle," predicts the future of data processing, potentially reducing necessary computations by up to 30%, a significant innovation in Bitcoin mining efficiency and energy consumption. This advancement aligns with the company's goal of applying AI to enhance mining processes, a venture that has produced three distinct methods so far. Gardin said QBT is at a crucial stage, moving from formula to functional product, facing challenges with third-party hardware integration. Method C's predictive performance and its potential for reducing SHA-256 computations position it as a transformative approach in mining, offering cost and energy savings. The company plans to integrate Method C with a second patent application and prototype chips, including for GPUs and ASICs, to demonstrate viability to potential partners. Despite complexities in scaling and documentation, discussions with large mining rig manufacturers are advancing, focusing on demonstrating real mining performance enhancements. Upcoming milestones include updates on the application of Method A and Method B to mining rigs and further developments with Method C, including live comparisons demonstrating its efficiency over conventional methods. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 14, 2024 08:40 AM Eastern Daylight Time

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Digbee founder and CEO discusses mining finance and sustainability shifts; new partnerships

Digbee Limited

Digbee Limited founder and CEO Jamie Strauss, discussed the finance markets in the mining industry and the importance of sustainability for financing large projects in a recent interview with Proactive London. Strauss highlighted a significant decrease in specialised capital in the industry, from approximately $445 billion in 2010 to around $12 to $14 billion currently. This reduction coincides with the critical minerals megatrend and geopolitical rebalancing of the supply chain. Governments have responded by creating six funds aimed at investment in the sector, with more expected. This could potentially increase the available capital to $28 billion, with an additional $14 billion from the Saudi fund. Strauss emphasised the mining industry's need to change its perception and build greater trust through sustainability. This is key to accessing the new pools of capital. The introduction of funds with a focus on sustainability indicates a shift towards responsible mining practices. Strauss critiqued the current state of ESG reporting in the industry, suggesting it has pushed capital away. Digbee advocates for incorporating sustainability from the early exploration stages to establish a strong foundation for future operations. The company was chosen by BHP Xplor to provide sustainability and ESG disclosure services to new juniors and was appointed the ESG assurance provider for Eden Natural Resources, a sustainability-focused fund launching soon. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

March 14, 2024 08:37 AM Eastern Daylight Time

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Arksen: engineering the future of eco-friendly adventure and exploration

Arksen Ltd

Arksen Ltd CEO Jasper Smith tells Proactive's Stephen Gunnion that the UK-based design and engineering company is focused on creating products for adventure enthusiasts, including explorer vessels, overland vehicles, and apparel, underpinned by a philosophy of sustainable and authentic design. Founded around four years ago, Arksen has grown significantly, aiming to challenge industry norms by adhering to circular economy principles, emphasizing the manufacture of products within planetary boundaries. Smith highlighted the company's commitment to environmental respect, comparing its growth strategy to established brands through OEM manufacturing and low overheads paired with significant investments in intellectual property and marketing. Outlining Arksen's multifaceted market approach, Smith said the company sells directly, through a growing dealer network expected to expand from seven to eighty dealers, and via agents and brokers for larger, bespoke products. It targets a wide customer base, from high-net-worth individuals and corporations seeking research vessels to consumers interested in their apparel line. The market across Arksen's sectors is large, with a 7% compound annual growth rate and a total size of about $840 billion, undergoing transformations towards sustainability and changing consumer behaviors. Arksen plans to raise £6 million for expansion, particularly in the US, where 60-70% of its engagement lies. This funding, coupled with potential government-backed debt from a £4 billion investment into the UK shipbuilding industry, aims to scale production and meet dealer demand. Additionally, Smith discussed "10% for the Ocean," a philanthropic initiative supporting ocean conservation, reflecting the company's commitment to environmental stewardship alongside its business objectives. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

March 14, 2024 08:36 AM Eastern Daylight Time

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Unlocking The Power Of Digital Democracy: FiscalNote's Guide To Engagement (NYSE: NOTE)

Benzinga

By Faith Ashmore, Benzinga The landscape of public affairs and politics has dramatically changed since the turn of the 21st century, largely due to digitalization. Before the widespread acceptance and usage of the internet and now social media, how people engaged in political affairs was relatively streamlined. Unless you were involved in activism, citizen engagement was largely restricted to watching the evening news, reading the newspaper and voting in elections. While people still watch the evening news and read newspapers, digital technologies have increased connectivity outside of geographic limitations. Additionally, it has increased the amount of information citizens can access and changed the way we consume information. Even if people are relying on an evening broadcast and newspapers, there are far more providers of these services than ever before – just think about how many print or digital newspapers are available worldwide. While digitalization has resulted in heightened transparency and provided the public with the tools necessary to hold governing bodies more accountable, without effective media literacy, it can also be easy to get lost in the information available at our fingertips. Digitalization has the potential to be both wonderful and dangerous. Understanding this duality is what inspired Timothy Hwang, Gerald Yao and Jonathan Chen to found FiscalNote (NYSE: NOTE) in 2013. The company is a premier information services company focused on global policy and market intelligence. Combining AI-driven intelligence and peer insight, the company has a suite of products that helps lawmakers, companies and other organizations alike tackle the world of digitalization. The company prides itself on providing its customers with a full, unbiased story and it does not source its information from vendors. FiscalNote data and AI extract value and insights from accessing billions of datasets; its technology can even go as far as to transcribe and analyze every word spoken by public figures to help find trends, correlations, patterns and outliers in information. Users can automate policy and track issues at federal, state and local levels to help make more informed decisions. This is instrumental as Americans gear up for the 2024 election cycle. The past few elections have made it clear that Americans are increasingly relying on digital outlets and social media to become more informed citizens. According to Pew, over 40% of Americans aged 18-19 say that their primary source of news comes from social media. While the number decreases for Americans aged 30-49, 22% still rely on social media. As such, while social media can be a powerful tool for transparency and accountability, it can also create echo chambers. Companies like FiscalNote are providing the electorate with the tools necessary to engage with the digital world. The company provides essential tools for advocacy and stakeholder engagement while giving users the ability to effectively sift through news from a more neutral lens. Its solution VoterVoice is a platform for organizations looking to make a meaningful grassroots-driven political impact. The platform allows users to easily launch campaigns, engage advocates and effectively monitor outcomes with real-time reports. Furthermore, the platform’s AI-driven features connect campaigns to the right audience to drive policy change, and the platform allows users to connect directly with lawmakers. Some of the tools that the platform offers to hep organizations spread their message include AI-enhanced emails, petitions, surveys and pre-filled lawmaker contact forms. While data shows that Americans may not be as ideologically polarized as they may think, Americans are increasingly emotionally polarized (known as “affective polarization”). Part of this is due to the breakdown in how people consume media. For example, Americans over 65 rely on television and talk radio far more than younger generations. By the end of this decade, Millennials and Gen Z will become the majority of the American electorate; these generations engage in the digital world differently than older generations. Companies like FiscalNote are enabling all citizens to better understand and engage with public affairs, complementing their preferred method of news, whether that be talk radio or TikTok. Featured photo by Phil Scroggs on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 14, 2024 08:30 AM Eastern Daylight Time

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Coro Renewables MD discusses second Philippines wind farm; provides updates on portfolio

Coro Energy PLC

Coro Renewables, part of Coro Energy PLC (AIM:CORO),, is expanding its renewable energy portfolio in the Philippines with the application for a second 100 megawatt wind farm project. Managing director Michael Carrington told Proactive's Stephen Gunnion the company plans to develop three wind farms in Oslob, leveraging efficiencies such as shared technical studies and reduced mobilisation costs. Additionally, Coro Renewables is advancing its solar project in the Philippines, involving land acquisition prior to application submission. In Vietnam, the company has finalized a power purchase agreement (PPA) with the Mobile World Group, enabling the commencement of a pilot project involving 10 locations around Ho Chi Minh City. This pilot involves structural surveys, regulatory compliance checks, demand profiling, and rapid construction of small systems. Following a short review phase, a 50 megawatt rollout program is anticipated. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

March 14, 2024 08:27 AM Eastern Daylight Time

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Technology Minerals' Recyclus joins UK-India ITES scheme for battery recycling innovation

Technology Minerals PLC

Technology Minerals PLC (LSE:TM1) chairman Robin Brundle joins Proactive's Stephen Gunnion with details of the company's 48.35% owned battery recycling business, Recyclus Group, joining the UK and Indian government-backed Innovating for Transport and Energy Systems (ITES) scheme. Brundle explained that Recyclus' involvement stems from a visit by an Indian delegation to its Wolverhampton site, showcasing a full-scale lithium-ion battery processing plant and a mobile solution concept, which previously won a £1.96 million Innovate UK grant. The ITES scheme aims to address India's vast need for lithium-ion battery recycling, given its population of approximately 1.5 billion people and the prevalence of devices containing these batteries. Recyclus' technologies, including a mobile solution, aim to enhance recycling capabilities, thereby supporting India's net zero targets. Upcoming steps involve workshops with Indian companies to explore commercial opportunities, emphasizing the importance of understanding local business nuances. This partnership is viewed as a vote of confidence in the Recyclus technology by both governments, highlighting Technology Minerals' British innovation in the recycling sector. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 14, 2024 08:24 AM Eastern Daylight Time

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Ethernity Networks says US government's BEAD programme presents big opportunities

Ethernity Networks Ltd

Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) Vice President of Marketing and Business Development Ilan Tevet joins Proactive's Stephen Gunnion with more details of the US government's Broadband Equity, Access, and Deployment (BEAD) Program under President Biden, aimed at enhancing broadband accessibility in rural areas with insufficient internet connectivity. Tevet said initiatives like the Rural Digital Opportunity Fund and its subsequent expansion to a $42 billion program reflect a concerted effort to improve digital inclusion, economic participation, and educational opportunities through enhanced broadband infrastructure. Following Ethernity's participation in WISPA America, Tevet also discussed the evolution of the wireless ISP market in America, particularly in rural regions, transitioning from reliance on fixed wireless technologies to a hybrid approach incorporating wireline solutions. This shift, driven by the recognition of GPON networks' ability to deliver high-bandwidth, cost-effective, and future-proofed connectivity, presents both challenges and learning opportunities for wireless ISPs and vendors. The adoption of new skills, such as fibre optic deployment, is essential for these entities to capitalize on the substantial federal funding available for broadband expansion. For Ethernity Networks, Tevet said these developments signal significant growth opportunities. The company's extensive experience in Carrier Ethernet and GPON, alongside its integrated system-on-chip components, positions it to offer innovative solutions that cater to the evolving needs of both fixed wireless vendors and ISPs. This strategic alignment with market transitions and funding incentives allows Ethernity Networks to anticipate further expansion and influence in the broadband infrastructure sector. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 14, 2024 08:22 AM Eastern Daylight Time

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