Amesite Announces Partnership Renewal with Michigan Works! Southeast

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) has extended its partnership with Michigan Works! Southeast (MWSE) to enhance workforce training in artificial intelligence technologies. This initiative aims to address the upskilling needs of the Southeast Michigan workforce through MWSE’s Learning Community Environment, powered by Amesite. Shamar Herron, Executive Director of MWSE, emphasized the emergence of 'new collar' jobs due to AI's potential in enhancing worker capabilities. According to industry projections, AI is set to replace 85 million jobs while creating 97 million new roles by 2025. The partnership highlights the increasing importance of AI skills, with 93% of organizations viewing AI as a business priority.

Positive

• Extended partnership with Michigan Works! Southeast to enhance workforce training.
• Focus on upskilling in AI technologies, addressing critical workforce needs.
• Growing recognition of AI's role in job creation and skills development.

Negative

• None.

DETROIT, April 27, 2023 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announces today it is extending its partnership with Michigan Works! Southeast (MWSE), a longtime leader in upskilling the workforces of Southeast Michigan, fostering training for both employers and workers.

This continued partnership will deliver upskilling needs, specifically training on artificial intelligence technologies for the Michigan workforce on MWSE’s proprietary Learning Community Environment^® – powered by Amesite.

Shamar Herron, Executive Director, Michigan Works! Southeast said, "The emergence of "new collar" jobs is a result of the power of artificial intelligence to increase the capabilities of all workers. In collaboration with Amesite, we are preparing our constituents to seize these skills-driven opportunities, by upskilling them in cutting-edge work practices."

AI is expected to replace 85 million jobs and create 97 million jobs by 2025. 93% of US organizations consider AI to be a business priority. 71% of adopters say AI has already changed their company’s job roles and skills; 82% believe AI will lead to significant changes to job roles and skills over the next three years.

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.weforum.org/reports/the-future-of-jobs-report-2020
https://www.snaplogic.com/resources/infographics/ai-skills-gap-research
https://www2.deloitte.com/content/dam/insights/us/articles/6546_talent-and-workforce-effects-in-the-age-of-ai/DI_Talent-and-workforce-effects-in-the-age-of-AI.pdf

FAQ

What is the significance of Amesite's partnership with Michigan Works! Southeast for AMST investors?

The partnership aims to enhance workforce training in AI technologies, which could lead to increased demand for Amesite's services, benefiting AMST investors.

How does the partnership with MWSE impact Amesite's market position?

By extending its partnership with MWSE, Amesite reinforces its position in the growing online learning and workforce training market.

What job trends are associated with AI according to Amesite's press release?

The press release states that AI is expected to replace 85 million jobs but also create 97 million new ones, emphasizing the need for upskilling.

When was the partnership with Michigan Works! Southeast announced?

The partnership extension was announced on April 27, 2023.

How does the collaboration with MWSE benefit the Southeast Michigan workforce?

The collaboration focuses on upskilling the workforce in AI technologies, preparing them for emerging job roles and new collar jobs.