Amesite Launches V6 Platform, Enabling Any Customer to Leverage GPT-4 Powered Functionality for Learning and Training

Rhea-AI Summary

Amesite Inc. (NASDAQ: AMST) has launched its Version 6.0 platform, which incorporates advanced AI capabilities powered by GPT-4, enhancing AI-assisted learning for users. Customers reaching 10,000 monthly active users will receive two custom AI features at no additional cost, including educational games and interactive experiences. CEO Dr. Ann Marie Sastry emphasized that generative AI is transforming learning, with the new platform boasting over 99% retention for paid experiences. The global AI in education market is projected to grow at a 36% CAGR until 2030, highlighting significant potential for Amesite's offerings in the evolving educational landscape.

Positive

• Launch of Version 6.0 platform with GPT-4 integration enhances learning capabilities.
• 99% retention rate for paid experiences indicates high user satisfaction.
• Opportunity for additional revenue through custom AI features for large users.
• Strong growth projected in the AI in education market, offering a favorable environment for business expansion.

Negative

• None.

DETROIT, April 03, 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 its Version 6.0 platform, with expanded AI capabilities powered by GPT-4 – the same technology behind ChatGPT Plus and Microsoft’s New Bing. Amesite customers can now provide learners with enhanced AI-assisted learning, as well as new AI-driven, purpose-built features.

Amesite also announces that Customers who reach 10,000 monthly active users are eligible to receive two custom, purpose-built AI features at no additional cost. Custom feature types include:

• Educational Games
• Interactive Learning Experiences
• Leaderboards and other Learning Incentives
  

Amesite CEO, Dr. Ann Marie Sastry said, “Advancements in generative AI are revolutionizing the way people learn and work. Amesite’s Version 6.0 platform, which delivers over 99% retention for paid experiences, is the toolset our customers need to provide their learners with AI-assisted learning and engaging, purpose-built learning experiences. Learners who use Amesite Version 6.0 gain real-world experience in leveraging the latest generative AI tools, a skillset which will only grow in demand.”

Amesite VP of Sales, Brandon Owens said, “Amesite’s continued integration of the latest technology enables our Customers to stay ahead of the pack, with offerings that enable them to launch offerings quickly, support learners efficiently, and scale programs with excellence.”

Globally, 67% of leaders say they are considering ways to use generative AI at their company. Meanwhile, 66% say their employees lack the skills to successfully leverage generative AI.

The global AI in education market size is expected to expand at a compound annual growth rate of 36% until 2030.

Amesite recently announced that they are providing the public with an opportunity to experience a free ChatGPT course on the Amesite platform; registration is available here. 

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://techcrunch.com/2023/03/14/microsofts-new-bing-was-using-gpt-4-all-along/

https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-education-market-report

https://www.salesforce.com/news/stories/digital-skills-based-experience/#:~:text=Leaders%20and%20employees%20agree%20on%20the%20need%20for%20AI%20skills&text=Sixty%20percent%20of%20global%20workers,in%20their%20job%20(42%25).

FAQ

What is included in Amesite's Version 6.0 platform?

The Version 6.0 platform includes enhanced AI capabilities powered by GPT-4 and custom AI features for eligible customers.

How does Amesite support its users with the new platform?

Customers with 10,000 monthly active users can receive two custom, purpose-built AI features at no extra charge.

What retention rate does Amesite claim for paid experiences?

Amesite claims a retention rate of over 99% for paid experiences on its platform.

What is the expected growth rate of the AI in education market?

The global AI in education market is expected to grow at a compound annual growth rate (CAGR) of 36% until 2030.

Who commented on the advancements in Amesite's technology?

Amesite's CEO Dr. Ann Marie Sastry and VP of Sales Brandon Owens commented on the advancements and their impact on customer offerings.