Amesite Inc - AMST STOCK NEWS

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.

Amesite (NASDAQ: AMST) has expanded its collaborative alliance with the National Association for Equal Opportunity in Higher Education (NAFEO), welcoming new member universities, including Alabama State University and Clark Atlanta University. The NAFEO-Amesite HBCU Alliance now supports over 700,000 enrolled students through the Center for Opportunity, Excellence, and Equity (COEE). NAFEO is launching a $30 million fundraising initiative for online learning resources. The alliance aims to deliver affordable eLearning opportunities and enhance workforce development. CEO Dr. Ann Marie Sastry emphasized the integration of generative AI technology to boost the platform's capabilities.

Amesite Inc. (NASDAQ: AMST) announced on March 15, 2023, that it has achieved COPPA and FERPA compliance for its cloud-based learning platform, enhancing its ability to serve K-12 markets across 16,800 school districts in the U.S., educating approximately 49.5 million learners. This compliance allows Amesite and its partners to drive multimillion-dollar revenue opportunities through subscription-based learning products. CEO Dr. Ann Marie Sastry emphasized that the compliant platform enables diverse organizations, including non-profits, to expand their educational offerings funded by donors and government support. The company continues to leverage innovations to boost scalability.

Amesite Inc. (NASDAQ: AMST) announced on March 13, 2023, that it does not maintain any cash or accounts with Silicon Valley Bank (SVB) and has no business relationship with the bank. The company, known for its cloud-based learning platform that boasts a 99% learner retention rate, provides customizable solutions for businesses, educational institutions, and government agencies. Amesite recently integrated with GPT-3 technology, enhancing its AI-driven learning capabilities. The firm aims to capture significant market share in the online learning sector, valued in the billions, by offering a comprehensive system that incorporates eCommerce, instruction, and analytics.

Amesite Inc. (NASDAQ: AMST) has announced that it has regained compliance with Nasdaq's listing requirements after meeting the minimum bid price of $1.00 per share for 10 consecutive trading days. This confirmation from Nasdaq follows a previous non-compliance notification on March 8, 2022. Dr. Ann Marie Sastry, CEO of Amesite, expressed satisfaction with this achievement, emphasizing the company's focus on increasing revenue and leveraging generative AI to enhance platform capabilities and customer efficiency. Amesite's online learning platform serves various sectors, including education and business.

Amesite Inc. (NASDAQ: AMST) announced the launch of a pilot upskilling program with Benedict College, leveraging its advanced AI learning platform. This initiative, part of the NAFEO-Amesite Alliance, aims to address technology upskilling needs across various academic disciplines. The project underscores Amesite's commitment to providing scalable education solutions, as emphasized by leadership from both institutions.

Amesite Inc. (NASDAQ: AMST) has announced a video shareholder update to be posted on February 27, 2023, at 1:00 PM ET. CEO Dr. Ann Marie Sastry will discuss the company's financial position and revenue, the implementation of ChatGPT, the global demand for AI learning, and strategies aimed at efficiency and revenue growth. Amesite offers a cloud-based learning platform that boasts a remarkable 99% learner retention rate, serving various sectors including education and business. The company’s scalable platform integrates eCommerce, instruction, engagement, and analytics, catering to the multi-billion-dollar online learning market.

Amesite Inc. (NASDAQ: AMST) announced a 1-for-12 reverse stock split effective February 22, 2023, to comply with Nasdaq's minimum bid price requirement. The decision was approved by stockholders on February 15, 2023. After the split, there will be approximately 2,533,359 shares outstanding, with any fractional shares rounded up to the next whole share. The new CUSIP number for the common stock will be 031094204. This strategic move aims to enhance the stock's marketability and align with exchange regulations, as detailed in the definitive proxy statement filed with the SEC on January 23, 2023.

Amesite Inc. (NASDAQ: AMST) announced the launch of a free course, ChatGPT Fundamentals, on its Amesite Learning Community Environment® platform, AmesiteEngage. Limited to the first 1,000 registrants, the course covers generative AI history, ChatGPT usage, ethical considerations, and its applications. The offering aligns with Amesite’s focus on AI, integrating GPT-3 into their platform to enhance educational tools. This initiative aims to educate users on utilizing ChatGPT effectively. Amesite’s scalable online learning platform serves various sectors, including universities and businesses, aiming to capture a share in the multi-billion-dollar online learning market.