Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
today announced the launch of a full AI Education Ecosystem for
Governments, Companies, Universities and Schools in Partnership
with FatBrain AI.
FatBrain AI is an AI-driven SAAS company
(OTCMKTS: LZGI), co-founded by serial entrepreneur, Peter B. Ritz,
and executive chaired by Michael T. Moe, Founder and CEO of GSV,
ASU-GSV Summit, GSV Ventures, an early investor in 16 out of 30
Edtech companies including Coursera, Chegg, ClassDojo, Course
Hero, Masterclass, and Guild Education.
FatBrain AI delivers peer intelligence and
hierarchical insights to connect GOV, F500 and SMEs (Companies with
500 or less employees) with a variety of sector-specific SAAS
solutions. The partnership signed between Genius Group and FatBrain
AI will enable the delivery of a full end-to-end AI Education
Ecosystem which includes:
- For Schools:
Government and company funded AI camps and accelerators together
with a scholarship fund for young students to learn future-focused
skills, both virtual and in-person, personalized with their Genie
AI.
- For Universities:
Government and company funded future-focused AI-based training from
one week AI Microschools through to full undergraduate and masters
degree programs integrating with personalized gamified learning via
Genie AI and Genius Metaversity, with learning libraries shared
across participating students and institutions.
- For Companies:
Full suite of upskilling courses in AI and Exponential
Technologies, ranging from one week AI Microschools to three-month
in-house accelerators, linked with the Genius Scholarship to
connect student apprentices with entrepreneurs and employees, and
linked to FatBrain AI’s SAAS solutions to share peer intelligence,
industry trends and leaderboards.
- For Governments: A
comprehensive AI Education Ecosystem providing participating
cities, regions and national governments with a full AI-driven,
lifelong learning system for future-focused education and
upskilling, with direct benefits in increased skills,
competitiveness and shared intelligence within the rapidly changing
Age of AI and Exponential Technologies.
The parties intend to launch globally the
overarching AI Education Ecosystem in early 2024.
Roger Hamilton, CEO of Genius Group said “Genius
Group has been committed to delivering a full lifelong learning
entrepreneurial education system using our AI Genie to provide a
personalized path to prepare each student for the world of
exponential growth we are experiencing. Increasingly, governments
and larger companies are seeing the need for a full AI ecosystem.
Genius Group is a Singapore-based company, and this week the
Singapore Government released its National AI Strategy 2.0, with a
plan for 15,000 AI experts and practitioners around AI Centers of
Excellence.
This follows the United Kingdom’s announcement
last month of a £300 million investment to create a national
Artificial Intelligence Research Resource. These government plans
require a full public-private partnership involving all
stakeholders, and we’re excited to be partnering with FatBrain AI
to deliver what we believe is one of the first full end-to-end
solutions that benefit students, schools, companies and governments
together.”
Peter B. Ritz, co-founder and CEO of FatBrain AI
said, “Earlier this year we reported revenue growing by 130% Q/Q on
average to $44+ million TTM across our group, and confirmed our
expanded commitment to delivering AI-based SAAS solutions to take
full advantage of the AI Revolution. Our partnership with Genius
Group enables us to accelerate our own timeline by delivering the
training alongside the peer intelligence that our clients are
demanding. We are extremely excited about the growth that this will
bring in 2024 and beyond.”
About Genius Group
Genius Group is a leading entrepreneur Edtech
and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed. Through its learning
platform, GeniusU, the Genius Group has a member base of 5.4
million users in 200 countries, ranging from early age to 100.
For more information, please visit
https://www.geniusgroup.net/
About FatBrain AI
FatBrain AI provides powerful and easy-to-use AI
solutions to empower the enterprise stars of tomorrow to grow,
innovate, and drive the majority of the global economy. FatBrain's
AI 2.0 technologies and advanced data services transform continuous
learning, narrative reasoning, large language models, cloud and
blockchain technologies into auditable, explainable and easy to
integrate AI solutions. FatBrain's subscriptions allow all
companies to deploy its advanced AI solutions quickly, easily, and
securely behind their firewalls or via cloud. FatBrain's global
delivery includes 600+ team across devops centers in the US,
UK, India and Kazakh Republic.
For more information, please visit
https://Fatbrain AI/
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described in our most recent Annual Report on Form 20-F,
as amended for the fiscal year ended December 31, 2022, filed with
the SEC on June 6, 2023 and August 3, 2023. If any of these risks
were to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of
your investment. The risks and uncertainties we describe are not
the only ones facing us. Additional risks not presently known to us
or that we currently deem immaterial may also impair our business
operations. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See
"Forward-Looking Statements" below.
Forward-Looking
Statements
Statements made in this press release include
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. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
Investors:Flora Hewitt, Vice President of Investor Relations and
Mergers and AcquisitionsEmail: investor@geniusgroup.netUS
Investors: Dave GentryRedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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