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Foretell Reality Extends Partnership With Nova Southeastern University For An AI Based Immersive Training System

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Foretell Reality, a subsidiary of The Glimpse Group (NASDAQ:VRAR), has extended its partnership with Nova Southeastern University (NSU) to develop an AI-based immersive training system. This potential six-figure development and commercialization partnership aims to create a simulation and assessment platform for practicing professional skills in virtual reality (VR) environments with AI-powered characters.

The platform will enable the creation of flexible training scenarios with customizable AI characters and provide automatic analysis and feedback on learners' performance. This collaboration leverages VR and AI technologies to offer powerful learning opportunities in safe, controlled environments, fostering deeper engagement and improved knowledge retention.

NSU's Dean Andy Rosman emphasized the university's commitment to pushing the boundaries of higher education technology, while Glimpse's CEO Lyron Bentovim highlighted the integration of AI capabilities as a significant advancement in training simulations.

Foretell Reality, una sussidiaria del The Glimpse Group (NASDAQ:VRAR), ha esteso la sua partnership con la Nova Southeastern University (NSU) per sviluppare un sistema di formazione immersiva basato sull'IA. Questa potenziale partnership per lo sviluppo e la commercializzazione, che potrebbe raggiungere sei cifre, mira a creare una piattaforma di simulazione e valutazione per praticare abilità professionali in ambienti di realtà virtuale (VR) con personaggi alimentati dall'IA.

La piattaforma permetterà la creazione di scenari di formazione flessibili con personaggi IA personalizzabili e fornirà analisi e feedback automatici sulle prestazioni degli studenti. Questa collaborazione sfrutta le tecnologie VR e IA per offrire opportunità di apprendimento potenti in ambienti sicuri e controllati, promuovendo un coinvolgimento più profondo e un miglioramento nella ritenzione delle conoscenze.

Il Decano della NSU, Andy Rosman, ha sottolineato l'impegno dell'università nel superare i confini della tecnologia nell'istruzione superiore, mentre il CEO di Glimpse, Lyron Bentovim, ha evidenziato l'integrazione delle capacità dell'IA come un significativo avanzamento nelle simulazioni di formazione.

Foretell Reality, una subsidiaria de The Glimpse Group (NASDAQ:VRAR), ha ampliado su asociación con la Nova Southeastern University (NSU) para desarrollar un sistema de formación inmersiva basado en IA. Esta potencial asociación de desarrollo y comercialización, que podría alcanzar cifras de seis dígitos, tiene como objetivo crear una plataforma de simulación y evaluación para practicar habilidades profesionales en entornos de realidad virtual (VR) con personajes impulsados por IA.

La plataforma permitirá la creación de escenarios de formación flexibles con personajes de IA personalizables y proporcionará análisis y retroalimentación automáticos sobre el rendimiento de los estudiantes. Esta colaboración aprovecha las tecnologías de VR y IA para ofrecer oportunidades de aprendizaje poderosas en entornos seguros y controlados, fomentando un mayor compromiso y una mejor retención del conocimiento.

El Decano de la NSU, Andy Rosman, enfatizó el compromiso de la universidad con el avance de la tecnología en la educación superior, mientras que el CEO de Glimpse, Lyron Bentovim, destacó la integración de capacidades de IA como un avance significativo en las simulaciones de entrenamiento.

Foretell Reality는 The Glimpse Group(NASDAQ:VRAR)의 자회사로서 Nova Southeastern University(NSU)와의 파트너십을 연장했습니다. 이 파트너십은 AI 기반 몰입형 훈련 시스템을 개발하기 위한 것으로, 잠재적으로 여섯 자릿수에 달하는 개발 및 상업화 파트너십입니다. 이 파트너십의 목표는 가상 현실(VR) 환경에서 전문가 기술을 연습할 수 있는 시뮬레이션 및 평가 플랫폼을 만드는 것입니다.

이 플랫폼은 사용자 정의 가능한 AI 캐릭터를 사용하여 유연한 훈련 시나리오를 만들 수 있도록 하며, 학습자의 성과에 대한 자동 분석 및 피드백을 제공합니다. 이 협력은 VR 및 AI 기술을 활용하여 안전하고 통제된 환경에서 강력한 학습 기회를 제공하고, 더 깊은 참여와 지식 유지 향상을 촉진합니다.

NSU의 학장인 Andy Rosman은 대학이 고등 교육 기술의 경계를 확장하겠다는 의지를 강조했으며, Glimpse의 CEO인 Lyron Bentovim은 훈련 시뮬레이션에서 AI 기능의 통합이 중요한 발전임을 강조했습니다.

Foretell Reality, une filiale de The Glimpse Group (NASDAQ:VRAR), a étendu son partenariat avec la Nova Southeastern University (NSU) pour développer un système de formation immersif basé sur l'IA. Ce partenariat potentiel pour le développement et la commercialisation, pouvant atteindre six chiffres, vise à créer une plateforme de simulation et d'évaluation pour la pratique des compétences professionnelles dans des environnements de réalité virtuelle (VR) avec des personnages alimentés par l'IA.

La plateforme permettra de créer des scénarios de formation flexibles avec des personnages IA personnalisables et fournira une analyse et des retours automatiques sur les performances des apprenants. Cette collaboration exploite les technologies VR et IA pour offrir des opportunités d'apprentissage puissantes dans des environnements sûrs et contrôlés, favorisant un engagement plus profond et une meilleure rétention des connaissances.

Le doyen de NSU, Andy Rosman, a souligné l'engagement de l'université à repousser les frontières de la technologie de l'enseignement supérieur, tandis que le PDG de Glimpse, Lyron Bentovim, a souligné que l'intégration des capacités de l'IA représentait une avancée significative dans les simulations de formation.

Foretell Reality, eine Tochtergesellschaft von The Glimpse Group (NASDAQ:VRAR), hat die Partnerschaft mit der Nova Southeastern University (NSU) erweitert, um ein KI-basiertes immersives Schulungssystem zu entwickeln. Diese potenzielle Entwicklungs- und Kommerzialisierungspartnerschaft im six-figure Bereich zielt darauf ab, eine Simulations- und Bewertungsplattform für das Üben professioneller Fähigkeiten in virtuellen Reality (VR)-Umgebungen mit KI-gesteuerten Charakteren zu schaffen.

Die Plattform ermöglicht die Erstellung flexibler Schulungsszenarien mit anpassbaren KI-Charakteren und bietet automatische Analysen und Feedback zu den Leistungen der Lernenden. Diese Zusammenarbeit nutzt VR- und KI-Technologien, um starke Lernmöglichkeiten in sicheren und kontrollierten Umgebungen zu bieten, was zu einer tieferen Beteiligung und einer verbesserten Wissensspeicherung führt.

Der Dekan von NSU, Andy Rosman, betonte das Engagement der Universität, die Grenzen der Technologie in der Hochschulbildung zu erweitern, während Lyron Bentovim, CEO von Glimpse, die Integration von KI-Funktionen als bedeutenden Fortschritt in der Schulungssimulation hervorhob.

Positive
  • Potential six-figure partnership extension with Nova Southeastern University
  • Development of an AI-based immersive training system for professional skills
  • Integration of AI capabilities into immersive technology training tools
  • Expansion of Glimpse Group's presence in the higher education sector
Negative
  • None.

Insights

The partnership extension between Foretell Reality and Nova Southeastern University (NSU) represents a significant advancement in immersive learning technology. By combining Virtual Reality (VR) with AI-powered characters, this platform has the potential to revolutionize professional skills training across various fields.

Key features of the platform include:

  • Customizable AI characters with varying expertise levels and attributes
  • Automatic analysis and feedback on learner performance
  • Flexible scenario creation for diverse training needs

This integration of AI with VR addresses a critical gap in traditional education by providing safe, realistic environments for practicing complex interpersonal skills. The potential six-figure deal suggests a substantial investment in this technology, indicating confidence in its market potential.

For The Glimpse Group (VRAR), this partnership extension could lead to increased revenue streams and solidify its position in the educational technology sector. However, given the company's current market cap of just $13.4 million, investors should carefully consider the scale of impact this single partnership might have on overall financial performance.

This partnership extension signals growing interest in AI-enhanced VR training solutions within higher education. The market for immersive learning technologies is expanding, driven by the need for more effective, experiential training methods.

Key market implications:

  • Increased demand for VR/AI integrated learning platforms
  • Potential for scalable, cost-effective training solutions
  • Competitive advantage for early adopters in education technology

For VRAR, this deal could serve as a proof of concept, potentially opening doors to similar partnerships with other educational institutions or corporate training programs. The scalability of the platform could lead to significant revenue growth if widely adopted.

However, investors should note that the XR market is highly competitive, with major tech players also investing in similar technologies. VRAR's success will depend on its ability to differentiate its offering and rapidly scale its customer base beyond individual partnerships.

NEW YORK, NY / ACCESSWIRE / October 3, 2024 /The Glimpse Group, Inc. (NASDAQ:VRAR) (Glimpse") a diversified Immersive Technology platform company providing enterprise-focused Extended Reality ("XR") and Spatial Computing software and services, announced today that its wholly owned subsidiary company - Foretell Reality - entered into a potential six figure development and commercialization partnership extension with Nova Southeastern University ("NSU") to collaboratively develop a simulation and assessment platform that enables learners to practice various professional skills (e.g., negotiation practice, client management, audit interviews, human resource counseling), through conversation and interaction with AI-powered characters in immersive settings leveraging Virtual Reality ("VR") and AI technologies.

The platform will enable simulation builders to create flexible training scenarios, including the ability to define a range of expertise levels, biographical details, and behavioral attributes for the AI characters. Additionally, the platform will apply AI tools to automatically analyze, evaluate and provide feedback on a learners' substantive and behavioral performance.

Role-play simulations in VR provide powerful learning opportunities by allowing participants to practice real-world skills in safe, controlled environments. Immersive simulations foster deeper engagement and improve knowledge retention by replicating complex interpersonal dynamics and situational challenges that are difficult to recreate in traditional learning settings. By receiving immediate feedback, learners can refine their skills more effectively, which is particularly valuable for professional training where practical experience is crucial for success.

Andy Rosman, dean of NSU's H. Wayne Huizenga College of Business and Entrepreneurship, commented: "NSU continues to push the boundaries of higher education technology. We are excited to continue to expand our technology partnership with The Glimpse Group, as we seek to leverage powerful XR technology, now in combination with AI, to further impactful, cutting edge, learning tools."

"The development and integration of AI capabilities into our Immersive technology training tools represents a leap forward in the depth and effectiveness of training simulations" said Lyron Bentovim, CEO of Glimpse. "We are excited to extend our work with NSU, whose innovative approach to higher learning allows their students to effectively develop real word skills in the classroom in a way which better prepares them for real life situations."

About Nova Southeastern University (NSU)

Florida's largest private research university, NSU was established in 1964 in Fort Lauderdale with a focus on graduate and professional education. Now with 14 colleges and nine campus locations spanning seven cities in Florida plus Denver, Colorado, and San Juan, Puerto Rico, NSU delivers more than 150 undergraduate, graduate, and professional degree programs and will generate a $5-billion economic impact to the state of Florida by 2025. Visit Fast Facts for more information.

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ: VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model provides scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Glimpse Contact

Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com

SOURCE: The Glimpse Group, Inc.



View the original press release on accesswire.com

FAQ

What is the purpose of Foretell Reality's partnership extension with Nova Southeastern University?

The partnership extension aims to develop an AI-based immersive training system that enables learners to practice professional skills through interaction with AI-powered characters in virtual reality environments.

How will the new platform benefit learners using Foretell Reality's VR training system?

The platform will provide learners with immediate feedback, allow them to practice real-world skills in safe environments, and improve knowledge retention through immersive simulations that replicate complex interpersonal dynamics and situational challenges.

What technologies are being used in Foretell Reality's new training platform for NSU?

The platform leverages Virtual Reality (VR) and Artificial Intelligence (AI) technologies to create immersive training simulations with AI-powered characters for skill development and assessment.

How does this partnership extension impact The Glimpse Group's (NASDAQ:VRAR) business?

The partnership extension represents a potential six-figure development and commercialization opportunity for The Glimpse Group, expanding its presence in the higher education technology sector and advancing its AI-integrated immersive training solutions.

The Glimpse Group, Inc.

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