Why Is BNAI Stock Rising Today?

• Explaining what its partnership with Valio Technologies entails, BNAI stated that it includes a memorandum of understanding with Nelson Mandela University to implement AI to assist students.
• As part of the partnership, BNAI will deploy a regulated, institution-approved pilot of AI technology to improve students' well-being at the university.
• In addition to the $2.05 million preferred equity contribution, BNAI will receive 25% common equity ownership in the newly formed entity and one board seat.

Brand Engagement Network Inc. (BNAI) on Wednesday announced that it has secured a new licensing partnership in Africa for its artificial intelligence technology.

Brand Engagement Network announced that a strategic partnership with Valio Technologies has been finalized to establish an exclusive AI licensing framework for government and commercial markets across Africa.

As part of the partnership, Brand Engagement Network will receive a preferred equity contribution of $2.05 million from a newly formed South Africa–based entity, recognized as intellectual property licensing revenue.

Brand Engagement Network shares were up more than 61% in Wednesday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

Details Of The Partnership

Explaining what its partnership with Valio Technologies entails, BNAI stated that it includes a memorandum of understanding with Nelson Mandela University to implement AI to assist students.

As part of the partnership, BNAI will deploy a regulated, institution-approved pilot of AI technology to improve students' well-being at the university.

The company stated that it will use its Engagement Language Model (ELM) and Retrieval-Augmented Generation (RAG) technologies to deliver compliant, localized AI solutions in the market.

In addition to the $2.05 million preferred equity contribution, BNAI will also receive 25% common equity ownership in the newly-formed entity as well as one board seat. Further, the company will have a 35% share in revenue across the entity’s software, services, and subscription offerings.

What Does BNAI Do?

The company builds AI agents geared toward enterprises, allowing companies to leverage the technology to communicate with customers as well as automate workflows at scale.

BNAI offers its solutions across sectors like healthcare, hospitality, media and brand engagement, and education.

BNAI stock is up 165% year-to-date, but down 2% over the past 12 months.

Also See: NFLX Stock Drops Pre-Market: Analysts Trim Targets After Q1 Miss, WBD Deal Raises Expense Fears

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on