Welcome to our dedicated page for Brand Engagement Network news (Ticker: BNAI), a resource for investors and traders seeking the latest updates and insights on Brand Engagement Network stock.
Brand Engagement Network Inc. (BNAI) is a pioneering AI platform provider that interfaces with emerging technologies such as blockchain, the Internet of Things (IoT), and cloud computing. The company is dedicated to driving digital transformation across numerous industries, providing businesses with a competitive edge through its innovative solutions.
BEN offers a comprehensive suite of configured and customizable applications, including natural language processing, anomaly detection, encryption, recommendation engines, sentiment analysis, image recognition, personalization, and real-time decision-making. These technologies enable businesses to optimize their operations, enhance customer experiences, and make data-driven decisions with greater accuracy and efficiency.
Recent achievements include partnerships with leading technology firms and the healthcare sector, where BEN's AI assistants train healthcare providers on cutting-edge technologies and treatments while offering patient support through precise and personalized communications.
Brand Engagement Network Inc. is continuously expanding its portfolio and enhancing its AI capabilities to meet the evolving needs of its clients. Its commitment to innovation and excellence positions it as a key player in the digital transformation landscape.
Brand Engagement Network (NASDAQ: BNAI) has announced an agreement to acquire Cataneo Gmbh, a profitable German media technology company, for $19.5 million through a combination of $9.0 million in cash and 4.2 million shares valued at $2.50 per share. Cataneo's Mydas platform manages over 5 billion euros in annual media spending, serving 5,000+ users and 1,000+ media brands across four continents. The acquisition aims to integrate BEN's Generative AI with Cataneo's ad sales and inventory management solutions. The deal is expected to close in Q4 2024, subject to financing and regulatory approvals.
Brand Engagement Network (BEN) (Nasdaq: BNAI) has successfully completed its data integration with Cox Automotive, specifically for Dealer.com. This integration allows Cox Automotive to utilize BEN's human-like AI Assistants as multimodal conversational resources. These AI Assistants are now available on Dealer.com websites as an app, web browser, and through life-size kiosks in automotive settings.
Dealer.com, representing over 50% of the franchise dealer market, provides an integrated platform for websites, advertising, digital retailing, and managed services. BEN's integration enables consumers to engage in two-way conversations with AI web assistants, offering a more personalized customer engagement experience.
Jerry DeFalco, a leading figure in automotive advertising, describes this integration as a 'game changer' for converting more sessions into leads. BEN's CEO, Paul Chang, emphasizes that the AI Assistants aim to enhance user experience, support customers and dealership employees, and reduce repetitive manual processes.
Brand Engagement Network (BEN) (Nasdaq: BNAI) has announced a new customer agreement with Carehub Inc., a post-acute Chronic Care Management (CCM) service provider. BEN's GenAI assistants will support CareHub's nurse care managers by providing patient-specific information, allowing healthcare professionals to focus more on patient care.
The integrated solutions from BEN and CareHub offer a comprehensive and scalable remote patient monitoring (RPM) program, delivering personalized health education, early risk indicator alerts, and care management recommendations. BEN's AI Assistant technology aims to help CareHub's care providers deliver higher quality care, improve health outcomes, and enhance productivity and quality metrics.
BEN's AI Assistants will utilize 24/7 AI-based human-like technology to enhance CareHub's monitoring service, with the objective of providing safe, intelligent, and scalable AI solutions to improve patient outcomes, address workforce issues, and support clinicians for optimal patient care.
Brand Engagement Network (BEN) and KangarooHealth have partnered to enhance AI-supported remote patient monitoring for chronic conditions. This collaboration aims to improve patient outcomes in value-based care by combining BEN's AI assistant technology with KangarooHealth's remote monitoring devices. The partnership will offer:
- 24/7 interactive support for patients and healthcare providers
- AI-powered avatar 'Sandy' for real-time patient inquiries
- Integration of over 100 connected devices supporting 50+ chronic condition pathways
- EMR integration and access to on-demand licensed remote care clinicians
The joint solution seeks to create a scalable remote patient monitoring program, offering personalized health education, early risk detection, and timely interventions. This partnership addresses the challenge of healthcare professional availability, particularly in rural areas and healthcare deserts.
Brand Engagement Network (BEN), trading as BNAI on Nasdaq, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference in New York. CEO Paul Chang will present on September 9th, 2024 at 10:30 a.m. ET. This event offers BEN, an emerging provider of safe and secure customer engagement AI, an opportunity to showcase its capabilities to investors.
The presentation will be accessible via live webcast, with a replay available on the company's investor relations website. BEN management will also engage in investor meetings during the conference, providing additional opportunities for direct interaction with potential stakeholders.
Brand Engagement Network (BEN), (Nasdaq: BNAI), has announced a contractual agreement with IntelliTek, a SmarTek21 subsidiary, to provide AI-driven healthcare solutions globally. The collaboration will offer a suite of AI technologies, including:
1. BEN's Healthcare AI Assistant, Sandy, for patient-facing resources.
2. IntelliTek Health's Personal Virtual Assistant (PVA) for post-discharge communications.
3. IntelliTek Health's Clinical Virtual Assistant (CVA) for reducing administrative burden.
4. IntelliTek Health's Document Search AI for swift information retrieval.
This partnership aims to address critical challenges in healthcare workforce and resource availability, potentially impacting the $70BN after-care communications market and the $103BN Patient Encounter workflow market. The collaboration is expected to improve patient experiences, healthcare professional productivity, and overall healthcare access and outcomes.
Brand Engagement Network (BEN), (Nasdaq: BNAI), has entered into contracts with INTERVENT International and Members Only Health (MOH) to develop healthcare AI assistants. The collaboration with INTERVENT aims to enhance health coaching programs with human-modeled AI assistants, providing 24/7 multi-lingual support and expertise. BEN's partnership with MOH will create an AI assistant for administrative and patient engagement tasks, including concierge services for finding specialty healthcare providers and coordinating in-home appointments.
These AI-driven solutions aim to address resource gaps in healthcare, improve patient experiences, and enhance healthcare outcomes. INTERVENT, serving over 2 million individuals, will leverage BEN's AI to augment their health coaching programs. MOH will utilize BEN's HIPAA-compliant AI technology to offer personalized healthcare services and information to their members.
Brand Engagement Network Inc. (BNAI) has appointed Richard S. Isaacs, MD, FACS to its Board of Directors, effective August 26, 2024. Dr. Isaacs, currently Dean of the College of Medicine at California Northstate University, brings extensive experience in healthcare technology innovation and leadership. As former CEO of The Permanente Medical Group and Co-CEO of The Permanente Federation, he oversaw a network of 23,000 physicians and 80,000 staff. Dr. Isaacs led the development of Kaiser Permanente's electronic health record system and smartphone applications to enhance patient care. BEN CEO Paul Chang believes Dr. Isaacs' expertise will be important in transforming patient care through GenAI. Named one of the 100 Most Influential People in Healthcare by Modern Healthcare, Dr. Isaacs aims to guide BEN's development of safe, intelligent AI assistants in healthcare.
Brand Engagement Network (BEN) (Nasdaq: BNAI) has secured significant funding through two key transactions. The company closed a $5.925 million private placement with existing investors, selling shares at $5.00 each, above the current market price. Additionally, BEN entered a $50 million Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors, accessible over three years.
These financial moves aim to support BEN's strategic growth, market validation, and scaling of its human-like, conversational AI assistants. The private placement involves complex share transfers and warrant issuances, while the SEPA provides flexible capital access. However, the SEPA's utilization is pending SEC approval of a registration statement.
Brand Engagement Network Inc. (Nasdaq: BNAI) has announced the promotion of Paul Chang to CEO. Chang, with his unique expertise and long-term experience on BEN's leadership team, is expected to ensure a smooth continuation of operations and execution of the company's ongoing strategy. This change comes as Co-CEO Michael Zacharski steps down from his position.
Chang expressed excitement about leading BEN through its next growth stage, focusing on elevating customer experiences with AI assistant technology. The company aims to pursue strategic initiatives and partnerships to scale and provide increased value to partners and customers. Zacharski, the former CEO and Co-CEO, expressed confidence in Chang's leadership and the company's future prospects.
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