Bright Mountain Media, Inc.'s Wholly Owned Subsidiary, Big Village, Commits to Harness the Power of Generative AI
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Generative AI awareness is on the rise and Big Village plans to optimize AI opportunities to deliver to clients, investors, and shareholders.
Boca Raton, FL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global holding company with current investments in digital publishing, advertising technology, consumer insights, and creative media services, today announced that its wholly-owned subsidiary, Big Village Insights, a global research and analytics business uncovering not just the 'what' but the 'why' behind customer behavior, has been capitalizing on the benefits of Generative AI. This technology promises to reshape the marketing and advertising landscape by unlocking its transformative potential.
Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented: “Generative AI is not just another buzzword; it's a game-changer. With its potential yet to be fully realized, it's an exciting time for brands and advertisers willing to harness its creative and transformative power. As we continue to explore and refine the applications of Generative AI, we're sure to witness the dawn of a new era for digital advertising and media, one filled with innovation, creativity, and unprecedented engagement."
Generative AI has emerged as one of the most promising and revolutionary technologies on the horizon, and Big Village Insights is diving into the opportunities. The Insights business has been utilizing AI tools since 2022 and has, since then:
- Performed theming and sentiment analysis on 200k comments in the first 3 quarters of 2023
- Implemented a variety of tools for summarizing and querying unstructured data
- Leveraged AI for content creation and marketing collateral
- Begun using an AI co-pilot for coding within engineering teams
Mr. Drinkwater continued: “As we delve deeper into the realm of Generative AI, it's clear that this technology holds the key to a future where digital advertising and media are more engaging, personalized, and effective than ever. Brands and advertisers should embrace these exciting tools but with a mindful approach…The possibilities are vast, and we are only scratching the surface.”
About Big Village Insights
Big Village Insights is a global research and analytics business that delves into the 'why' behind customer behavior. With a focus on agile tools, CX research, branding, product innovation, data & analytics, and more, Big Village Insights empowers clients with valuable insights to drive informed decisions. For more information, please visit www.big-village.com
About Bright Mountain Media
Bright Mountain Media, Inc. (OTCQB: BMTM) unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media's brands include Big Village Agency, Big Village Insights, Wild Sky Media, and Bright Mountain LLC. For more information, please visit www.brightmountainmedia.com
Forward-Looking Statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Bright Mountain Media, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2022 and our other filings with the SEC. Bright Mountain Media, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.
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