Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group, and
FatBrain AI (“FatBrain AI”) an AI SaaS and Solutions company
(OTCMKTS:LZGI) today signed a definitive merger agreement to power
ecosystems of tomorrow for entrepreneurs, enterprises, governments
and students through AI education and enablement.
The to be combined businesses are preliminarily
estimated to have achieved approximately $80 million of gross
revenue in 2023, up over 100% year-on-year (unaudited). Genius
Group and FatBrain AI together enable an exponential growth cycle
with AI edtech platform supporting over a five million student and
a fifteen thousand partner marketplace joining peer intelligence
and AI solutions across energy, finance, logistics, manufacture,
retail, tech and telco sectors delivered to SMEs, enterprises and
government institutions.
Roger Hamilton, CEO of Genius Group said “This
to be completed merger between Genius Group and FatBrain AI
accelerates our plans to deliver a full lifelong learning,
entrepreneurial education system to prepare humanity for the AI
future. Our businesses share a common vision of enabling
entrepreneurs and enterprises to accelerate their progress. Joining
forces, in turn, accelerates our business with substantial growth
in anticipated pro forma revenues and profitability.”
Peter B. Ritz, co-founder of FatBrain AI said
“We see high demand for a combination of AI education and
acceleration, enabling individuals, companies and governments with
the AI training and AI solutions to create the exponential
ecosystems of tomorrow. The need for upskilled, trained teams
across enterprises and governments in the age of AI continues to
accelerate, and we’re excited to meet this growing, global
demand.”
Our full end-to-end AI Education and
Acceleration ecosystem, has four global revenue drivers focused at
B2S (Students), B2C (Entrepreneurs), B2B (Enterprises) and B2G
(Governments):
- B2B – For
Students: Government and company funded AI camps and
accelerators together with a scholarship fund for young students at
high school and university level to learn future-focused skills,
both virtual and in-person, personalized with their Genie AI. The
Genius Curriculum progress through to full undergraduate and
masters degree programs integrating with personalized gamified and
Genius Metaversity, with AI-driven learning libraries shared across
participating students and institutions.
- B2E – For
Entrepreneurs: Full suite of upskilling courses in AI,
exponential technologies and entrepreneurship, delivered by
certified trainers and partners globally, ranging from AI
Microschools to three-month in-house accelerators, linked with the
Genius Scholarship to connect student apprentices with
entrepreneurs and enterprises, and linked to FatBrain AI’s SAAS
solutions to share peer intelligence, industry trends and
leaderboards.
- B2B – For
Businesses: Enterprise portal and suite of upskilling
courses for companies to upskill their workforce in AI, exponential
technologies and entrepreneurship, delivered in-house, in-person
and via the GeniusU Edtech platform, giving companies AI-powered
insights into their workforce’s personalized talent development
progress and access to FatBrain AI’s SAAS solutions to increase
peer intelligence and productivity.
- B2G – For
Governments: A full 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 merger has been approved by the boards of
both companies, a definitive agreement has been signed and the
merger will close subject to fulfillment of certain closing
conditions, including, but not limited to, shareholder and NYSE
approval.
Following the closing of the merger, FatBrain
AI’s CEO, Peter B. Ritz, and Executive Chair, Michael T. Moe, will
join Genius Group’s Board. Peter B. Ritz is co-founder of FatBrain
AI and earlier Exec Chair of Observable Networks (acquired by
Cisco). Michael T. Moe is Founder of GSV, an early investor in
Edtech companies including Coursera, Chegg, Course
Hero, Masterclass, and private investor in companies such as
Meta, Twitter, Spotify, Coursera and Palantir.
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 design, development 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 and
projections 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.
ContactsUS Investors: Dave GentryRedChip
Companies Inc1-800-RED-CHIPGNS@redchip.com
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