RiskOn International and Meetkai Unveil Generative AI Platform “askROI” and announce pilot program with Effvision
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Insights
The launch of askROI.com represents a strategic move by RiskOn International to position itself within the burgeoning AI market, which is expected to grow exponentially in the coming years. The emphasis on domain-specific AI indicates a focus on tailored solutions rather than a one-size-fits-all approach, which could potentially offer a competitive edge. The collaboration with Effvision Business Solutions for a pilot program suggests a methodical approach to product development, leveraging real-world feedback to refine the platform.
From a market perspective, this move could attract interest from businesses looking to integrate AI into their operations for enhanced data management and analytics. If successful, askROI could see adoption across various industries, leading to increased revenue streams for RiskOn International. However, the success of this platform will largely depend on its ability to outperform existing solutions and integrate seamlessly into current business processes.
The announcement indicates a potential inflection point for RiskOn International's financial trajectory. The development and launch of an AI product like askROI.com require significant investment in research and development, which could impact short-term financials. However, if the platform gains traction, it could lead to increased market share and long-term revenue growth.
Investors should monitor the adoption rate of askROI post-pilot program and any subsequent announcements regarding client acquisition or partnerships. The performance of this product could influence the company's stock price, as it reflects on the company's ability to innovate and generate new sources of income. The partnership with an established tech solutions provider like Effvision also lends credibility to the project, which could be viewed positively by shareholders.
The AI industry is highly competitive, with major players investing heavily in domain-specific solutions. RiskOn International's entry with askROI.com indicates recognition of the importance of specialized AI in enhancing business operations. The focus on internal data, tools and processes suggests that the company is aiming to provide a product that integrates deeply with client workflows, a strategy that could lead to high customer retention if executed effectively.
However, the company will need to navigate challenges such as data privacy concerns, the complexity of AI integration into existing systems and the rapidly evolving nature of AI technology. The success of the pilot program with Effvision will be critical in demonstrating the platform's efficacy and could serve as a case study for potential clients. It is essential for RiskOn to continuously innovate and adapt to maintain a competitive position within this fast-paced industry.
James Kaplan, Co-Founder and CEO of Meetkai, led this project. “James is one of the most sophisticated computer scientists and programmers I know. His record speaks for itself,” said Milton “Todd” Ault III, Vice Chairman of ROI.
askROI builds on top of the domain specific AI MeetKai has developed over the past five years. “Rather than a generic generative AI solution, this is a product meant to be grounded entirely in your organization’s data, internal tools, and processes,” Kaplan explains. “A combination of domain specific question answering, and agent capabilities allow for the vision of AI becoming an integral part of your business.”
Additionally, askROI is excited to announce a pilot program in collaboration with Effvision Business Solutions (“Effvision”). Effvision is a technology solutions provider with more than 10 years of experience in the tech-empowerment and digital transformation field. This pilot program aims to assist the Company in further developing its new platform askROI through constructive feedback from Effvision.
Adam Alfi, CEO and Founder of Effvision, stated, “Affiliates of RiskOn have partnered with Effvision for years, and through our history we are incredibly excited to embark on this journey as part of RiskOn’s groundbreaking pilot program for their advanced machine learning platform askROI.com. This opportunity marks a pivotal moment for us to explore the frontiers of AI and data analytics. Our team is buzzing with anticipation, ready to delve into the wealth of possibilities that this collaboration presents. We’re not just looking at enhancing our operational processes; we’re aiming to redefine them. We’re enthusiastic about the transformative outcomes we’ll achieve together.”
askROI is accepting businesses to launch pilot programs starting today, January 3, 2024, at askROI.com. The initial pilots will showcase the tool’s ability to deliver a direct return on investment for businesses and individuals nationwide.
About RiskOn International, Inc.
Founded in 2011, the Company owns
About MeetKai, Inc.
MeetKai Inc. is an AI company based in
About Efficient Business Solutions
Effvision is a technology solutions provider with more than 10 years of experience in the tech-empowerment and digital transformation field. Through the years, we’ve gained our customer’s trust with over
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These 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 “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. 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. Forward-looking statements speak only as of the date they are made, and RiskOn will not undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and RiskOn’s ability to raise capital, investors should review risk factors, that could affect RiskOn’s business and financial results which are included in RiskOn’s filings with the
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Source: RiskOn International, Inc.
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