Welcome to our dedicated page for Amesite news (Ticker: AMST), a resource for investors and traders seeking the latest updates and insights on Amesite stock.
Amesite Inc. (NASDAQ: AMST) is a leading artificial intelligence (AI) software company headquartered in Detroit, Michigan, specializing in innovative online learning solutions. Amesite’s AI-driven platform and course designer rapidly deliver customized, high-performance, and scalable online products for educational institutions and businesses. The company serves a diverse range of clients including businesses, universities and colleges, and K-12 schools.
Amesite's mission is to enhance learning experiences and outcomes through advanced AI technology. Their platform leverages cutting-edge AI features such as Natural Language Processing (NLP) and generative AI models to offer student support and drive improved educational results. The platform supports a wide array of programs, ranging from technology upskilling and professional development to cohort-based and self-paced learning modules.
One of the company's notable achievements is maintaining a retention rate of 98% for paid learning experiences, significantly surpassing the industry average of 68-73%. This remarkable retention rate underscores the efficacy of Amesite’s programs in engaging and retaining learners.
Recent news highlights Amesite’s dynamic growth and impact:
- February 2024: The company reported a 169% increase in meetings and a 118% rise in sales opportunities following a pivot to a no-setup fee offer with no minimums.
- March 2024: Amesite launched a mobile safety application for Active Shooter Preparedness, developed with expert Chris Grollnek, marking a significant expansion into the safety training market.
- April 2024: The beta release of NurseMagic™, an AI-powered app for nurses, provides tools for professional tasks and continuous education, reflecting Amesite's entry into the B2C AI app market.
- May 2024: Amesite announced a five-year partnership with Franciscan Missionaries of Our Lady University to deliver healthcare training programs, expanding their impact in the healthcare sector.
Amesite also introduced Explorer Seminars, designed to help students engage with faculty from top institutions and enhance their college admissions prospects. The company's innovative solutions, strategic partnerships, and continuous technological advancements position Amesite as a formidable leader in the AI-driven ed-tech space.
For more information, visit https://amesite.com.
Amesite Inc. (NASDAQ: AMST) has signed a 5-year agreement with Maricopa Corporate College (MCOR) to provide professional learning programs. MCOR is part of the Maricopa County Community College District (MCCCD), one of the largest community college systems in the U.S. This marks Amesite's 7th college deal for its LCE platform, now spanning seven states and reaching over 200,000 learners annually.
The partnership aims to leverage Amesite's AI-powered solutions for workforce training and non-credit learning opportunities. MCCCD, Arizona's largest workforce developer, enrolls over 140,000 students annually and contributes $7.9 billion to Arizona's economy. Amesite's no-fee setup and ability to deliver low-cost, easily deployable programs were key factors in securing the deal.
Amesite Inc. (NASDAQ: AMST) reported significant growth for its NurseMagic™ app, launched publicly on June 5, 2024. Key highlights include:
- 830% user growth from June to July 2024
- Users from all 50 U.S. states and 6 nations
- 27+ nursing and healthcare-related professions represented
- Multiple weekly uses for various tasks including documentation and patient communication
- Translation services for patient interactions
- 93% accuracy on NCLEX prep questions
The app aims to reduce nurses' workload, potentially cutting shift work by over a third. With the AI healthcare market expected to reach $187 Billion by 2030, NurseMagic™ is positioning itself as an essential tool for the 5.2 Million U.S. nurses and potentially 12.3 Million healthcare professionals.
Amesite Inc. (NASDAQ: AMST), an AI software company offering cloud-based learning platforms, has released a video shareholder update on July 25, 2024. The update, presented by CEO Dr. Ann Marie Sastry, covers several key areas:
1. Progress on the new B2C app, NurseMagic™
2. B2C and B2B offerings and plans for revenue growth
3. Company infrastructure and ability to scale users
4. Financial standing
This update aims to provide shareholders with insights into Amesite's current operations, growth strategies, and financial position. The presentation is available on the company's investor relations website, offering transparency and communication with stakeholders.
Amesite Inc. (NASDAQ: AMST) has launched PREACTO™, an AI-powered safety and security app, in beta. Developed in collaboration with Chris Grollnek, a global active shooter expert, PREACTO™ offers tools for threat assessment, safe route planning, and emergency notifications. The app targets a broad audience, including Fortune 500 companies and government sectors, addressing the increasing focus on crime reduction in the U.S.
PREACTO™ features include RescueCall for swift emergency assistance, CrimeMap for real-time crime updates, SafeZone for risk assessments, SafePath for secure routing, WeaponSight for threat identification, and IncidentReporter for quick documentation. This launch follows Amesite's successful NurseMagic™ app, demonstrating the company's commitment to leveraging AI for safety and efficiency across various sectors.
Amesite Inc. (NASDAQ:AMST) has launched the Amesite Explorer Seminar 'AI for the Future', led by Dr. Wei Lu from the University of Michigan. This program aims to prepare high-achieving students for college admissions and tackle societal challenges using AI. The initiative taps into the $64 billion Educational Consulting and Training industry, expected to reach $115 billion by 2029. Amesite collaborates with college counselors and consultants to reach potential students. The seminar focuses on applying AI to areas like healthcare, climate change, and global conflict, offering students direct access to top faculty mentors. This unique approach positions Amesite in a growing market while providing valuable experiences for college-bound students.
Amesite announced that its NurseMagic™ app, designed for nursing professionals and students, now includes AI-powered document storage and study tools. This functionality allows users to upload and transcribe video and audio files into study materials, enhancing both work and school performance. The app, which supports all levels of nursing professionals, has been rapidly adopted and demonstrated a 93% accuracy rate on NCLEX prep questions. Users can instantly create transcripts, summaries, quizzes, and flashcards from various materials and share them easily. This innovation aims to streamline training and education in the nursing field, addressing challenges like nurse shortages and high turnover.
Amesite announced that its NurseMagic™ app achieved a 93% accuracy rate when tested against NCLEX test questions. This app, which has seen rapid adoption since its release, utilizes Amesite’s proprietary technology to assist nurses in real time. NurseMagic™ targets over 5.2 million US nurses, providing information ranging from patient care to clinical judgment.
The app's foundational model was tested with questions from two major NCLEX prep providers. Amesite's Senior AI Manager emphasized the use of highly-rated guides for comprehensive testing. CEO Dr. Ann Marie Sastry highlighted the support from nurse influencers with nearly 2 million followers in promoting the app.
NurseMagic™ aims to reduce stress and enhance professional performance for both practicing and student nurses.
Amesite (NASDAQ:AMST), an AI software firm specializing in cloud-based learning, announced a collaboration for its Amesite Explorer Seminars. These programs offer high school students direct mentorship from distinguished university faculty, facilitated through partnerships with professional college counselors.
Brian Bacon, an Independent Education Consultant, emphasized the importance of relationships in education, while Daniel Ryave, also an Independent Education Consultant, highlighted the value of expert mentorship. Amesite's VP of Sales, Brandon Owens, noted the trust families place in college counselors and the benefit of bespoke mentorship for student success.
The educational consulting market, estimated at $64 billion globally, is projected to grow to $115 billion by 2029. Amesite CEO Dr. Ann Marie Sastry reported a 100% retention rate in their high school programs, expressing optimism for the seminars' success and growth.
Amesite, a leading AI software company, has launched an AI-powered documentation tool on its NurseMagic™ app, aimed at easing the documentation burden for nurses. The NurseNotes tool can generate various required nursing report formats like SOAP, PIE, and DAR, which currently take up to 40% of nurses' time. This feature targets over 5.2 million nurses in the U.S., where documentation tasks are linked to burnout and compromised care. Users, including CNAs, LPNs, and NPs, have rapidly adopted the app. Dr. Deborah Lee of the University of Michigan highlighted the tool’s efficiency in aiding accurate patient records. CEO Dr. Ann Marie Sastry praised the influence of nurse advocates in promoting NurseMagic™.
Amesite announced substantial user growth for its NurseMagic app, which surpassed 1,100 registered users within one week of public access. The app, designed to aid nurses with tasks such as patient communication and prioritization of work, opened unrestricted to the public on June 5. CEO Dr. Ann Marie Sastry highlighted this rapid growth as the fastest for any Amesite product, emphasizing the app's impact on healthcare and potential for sustained revenue growth. Ninety-six percent of users expressed a desire for AI tools in their work, with users spanning various nursing professions across 48 states.
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