Amesite Announces GPT-3 Powered Functionality to Its AI Toolkit for Customers and Users

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) announced an expansion of its AI-driven learning platform on February 14, 2023, including new features powered by GPT-3, enhancing learner engagement and support. The updated V6 platform will launch on April 2, 2023, enabling 24/7 AI assistance for users. The global AI market is projected to contribute $15.7T by 2030, with the edtech sector alone expected to reach $80B. Amesite emphasizes a 99% learner retention rate, showcasing the effectiveness of its platform. The company aims to reduce expenses while targeting higher revenue through these innovations, appealing to diverse learners across various sectors.

Positive

• Launch of new AI features leveraging GPT-3 on the learning platform.
• 99% learner retention rate indicating effective online learning.
• Upcoming V6 platform rollout scheduled for April 2, 2023.
• Projected global AI market growth to $15.7T by 2030 benefits Amesite.
• Focus on reducing costs while targeting higher revenue.

Negative

• None.

DETROIT, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform that delivers 99% learner retention for business and education markets, announced an expansion of platform capabilities today. Amesite is now delivering features leveraging GPT-3, the engine for ChatGPT, on its learning platform, to complement its existing AI capabilities. Amesite’s V5 Customers now have the option to offer learners an AI-assist in explaining challenging concepts and drafting materials, 24/7. An enhanced toolkit will become available on April 2, 2023, with the rollout of Amesite’s V6 platform.

AI is expected to contribute $15.7T to the global economy by 2030, with the AI software market expected to grow to $1.09T by 2032. The potential global market size of AI in edtech alone is $80B.

Amesite CEO, Dr. Ann Marie Sastry said, “We continue to believe that AI is the future of effective, scalable online learning, and have demonstrated the importance of the technology with our 99% retention rate for paid experiences. With curated access to databases with over 240M pieces of qualified information, our users receive updates on important developments in their fields in real time. Internally, we are leveraging generative AI to deliver an ever-expanding roster of advanced tools – enabling us to dramatically reduce our expenses as we target higher revenue.”

Brandon Owens, Vice President of Sales for Amesite, said, “Customers are successfully using our AI-driven platform to deliver learning to a wide variety of users including jobseekers, professionals and executives, museum patrons, and K12 learners. Our Customers aim to deliver learning to 10,000 learners or more per month, and the ability to leverage our technology means improved outcomes and reduced cost. We are confident that these features will drive scale and efficiency for our entire Customer base.”

Dr. Betty Kirby, Vice President of Central Michigan University Innovation and Online, said, “There is no doubt that ChatGPT has captured the world’s imagination, and we are thrilled that our partners at Amesite will be able to immediately engage our learners and instructors in use of this exciting, emerging technology.”

Dr. Rich Cooper, Vice President and Chief Programs Officer at Conner Prairie, said, “Conner Prairie is focused on providing learning to hundreds of thousands of people at scale. To achieve this, we need the best technology possible. Amesite’s use of artificial intelligence and new tools for engagement means better experiences and lower cost for us in delivering to our learners. We aim to have the highest possible return on impact, and we are thrilled that Amesite continues to offer us pathways to use the latest ChatGPT features in addition to their present AI technology.”

About Amesite Inc.

Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums, and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics, and administration using best-in-class infrastructure to serve multi-billion-dollar online learning markets. For more information, visit www.amesite.io.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company's planned online machine learning platform, the Company's business plans, any future commercialization of the Company's online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "expect," "plan," "believe," "intend," "look forward," and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company's filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

Christine Petraglia

TraDigital IR

(917) 633-8980

christine@tradigitalir.com

Sources

https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html

https://www.globenewswire.com/news-release/2022/12/28/2580200/0/en/artificial-intelligence-ai-software-market-size-to-surpass-usd-1-094-52-bn-by-2032.html

https://www.prnewswire.com/news-releases/artificial-intelligence-ai-in-education-market-size-is-expected-to-hit-80-billion-by-2030-301625103.html

FAQ

What new features has Amesite Inc. launched on its platform?

Amesite Inc. has launched new AI-driven features leveraging GPT-3 to enhance learner support and engagement on its platform.

When will the new V6 platform from Amesite be released?

The new V6 platform from Amesite is scheduled to roll out on April 2, 2023.

What is the expected growth of the AI market by 2030?

The global AI market is projected to contribute $15.7T to the economy by 2030.

How effective is Amesite's learning platform based on retention rates?

Amesite's learning platform boasts a 99% learner retention rate, demonstrating its effectiveness in online learning.

What is the projected market size for AI in edtech?

The market size for AI in edtech is expected to reach $80 billion by 2030.