RiskOn International Announces Strategic Partnership with MeetKai for the Launch of askROI.com with Early Access Starting March 4, 2024; Unveils New Sales Force Initiative and Highlights Competitive Advantage
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Insights
The partnership between RiskOn International and MeetKai presents a strategic move within the AI solutions industry, particularly in the generative AI niche. This collaboration is expected to enhance RiskOn's product portfolio, which could potentially attract new customers and open up additional revenue streams. The emphasis on providing small to medium-sized businesses with access to advanced AI technologies is a significant move, as it democratizes high-end tech solutions that were previously accessible only to larger corporations with substantial IT budgets.
Analyzing the market trends, generative AI is gaining momentum and its applications across various sectors could be transformative. If RiskOn successfully capitalizes on this trend, it may see an increase in its market share. However, investors should monitor the adoption rate of the askROI platform closely, as it will be a critical indicator of the partnership's success and RiskOn's future growth prospects.
Generative AI is at the forefront of technological innovation and its impact on content creation and customer service is noteworthy. The collaboration between RiskOn and MeetKai could push the boundaries of what's possible with AI, particularly in conversational AI, which has already reached over 50 million users. The success of this partnership hinges on the technological robustness of the askROI platform and its ability to integrate seamlessly into existing business operations.
Investors should consider the technical capabilities of MeetKai's AI solutions and the scalability of the askROI platform. Given the rapid pace of AI development, the platform's ability to evolve and incorporate the latest AI advancements will be crucial for maintaining a competitive edge in a market that is becoming increasingly saturated with AI-driven solutions.
The five-year development agreement between RiskOn and MeetKai could have significant financial implications for both companies. For RiskOn, the costs associated with establishing a dedicated sales force and the required investments in technology development need to be weighed against the potential long-term revenue generated by the askROI platform. It is crucial to analyze the financial health of RiskOn and its capacity to sustain the investment over the agreement's duration.
From an investor's perspective, the key metrics to watch would be the growth in user base, the conversion rate of free users to paying customers and the average revenue per user (ARPU). These figures will provide insights into the platform's performance and its impact on RiskOn's profitability. Additionally, the market's reaction to the announcement and the subsequent performance of RiskOn's stock could offer an indication of the market's confidence in the partnership's potential success.
In preparation for this initiative, RiskOn has established a dedicated sales force aimed at empowering businesses globally to integrate generative AI into their operations. The partnership with MeetKai is designed to provide seamless access to state-of-the-art AI solutions, enabling businesses of all sizes to enhance their services, innovate their product offerings and improve operational efficiencies.
James Kaplan, CEO of MeetKai, shared insights into his personal journey and the strategic focus of the partnership, stating, “We strategically chose askROI to expedite the market launch of our generative AI innovations. Since our founding in 2018, we’ve been diligently developing conversational AI technologies, which have already reached over 50 million users worldwide. This partnership marks the first opportunity for small to medium-sized businesses to access our cutting-edge technology, and we’re committed to continuously introducing more advanced solutions through askROI.” This statement emphasizes the complementary strengths of both organizations, combining MeetKai’s innovative technology with the Company’s expertise in sales and customer service to bring generative AI solutions to a wider audience.
Understanding Generative AI:
Generative AI refers to a class of artificial intelligence technologies capable of generating new content, including text, images, and videos, that resemble human-generated content. It learns from vast datasets to produce original outputs based on the input it receives, opening new possibilities for personalized content creation, automated customer service, and innovative problem-solving strategies.
The Company strongly urges readers to review the Current Report on Form 8-K that it filed with the
The launch of askROI, together with the strategic sales force initiative and the unique competitive advantage of personalized engagement with sales reps and engineers, marks a new era in AI-driven solutions, offering businesses innovative and efficient strategies for navigating the complexities of the digital age.
About RiskOn International, Inc.
Founded in 2011, the Company operates a software-as-a-service platform called askROI.com, which is designed to improve the way businesses and individuals manage and access their data. askROI.com is a unique, generative AI-driven platform engineered to provide pertinent and unique data insights through integration with business specific data that pushes beyond the conventional uses of existing large language models. The Company also owns
About MeetKai, Inc.
MeetKai Inc. is an AI company based in
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.
FAQ
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