iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines,” “ILE,”
or “the Company”), a leader in AI-powered learning and work
automation for enterprises, today announced a strategic alliance
with GenLab Venture Studio (GenLab Ventures), a leader in building
and partnering with valuable companies delivering a trusted AI
ecosystem.
iLearningEngines and GenLab Ventures’ alliance will initially
focus on accelerating digital transformation for global
multinationals in Japan, India, the Middle East, and the Americas
by applying Generative AI to assist Chief Digital Officers and
Chief Learning Officers. In this partnership, the GenLab Venture
team provides decades of systems integration, open source, and
cybersecurity experience to drive down risk and focus on value.
The two companies will distribute ILE’s low-code AI platform and
Knowledge Cloud to Hyperscaler, Telecom Innovation Hubs, Centers of
Excellence, and GenLab’s Venture Studio Model further fast-tracking
enterprise AI application development and deployment.
“Over the last decade, I have worked to support best practices
and DevSecOps principles in highly regulated enterprise. It is why
GenLab is a founding member of CoSAI, which has been launched by
industry leaders including Google, Nvidia, Microsoft, openAI, AWS
and others,” said Daniel Riedel, GenLab Studios Founder and
Partner.
The iLearningEngines Applied AI platform for learning and work
automation is known for delivering trusted and secure AI
applications and use cases at scale within regulated enterprises
such as insurance, healthcare, and education. The platform is
powered by vertical-specific AI models, no-code AI canvas, and
Knowledge Cloud that provide the technology capabilities and the
unit economics that make ILE ideal for organizations that require
secure and private clouds. The platform integrates advanced
components such as API gateways, AI workflow orchestration,
pipelines for large and small language models (LLM, SLM), and
multi-modal models for intelligent document extraction and
predictive analytics. These features enable faster, more secure
deployments and deliver AI fine-tuned specifically for enterprise
learning and work automation at scale.
“Global enterprises continue to face challenges in applying
generative AI to increase revenue and workforce productivity and do
so in a highly secure and trusted fashion. ILE and GenLab believed
it was the right time to partner to bring ILE to enterprises
looking to scale and automate their AI application development
while increasing security, governance, risk management, and
compliance,” said Harish Chidambaran, CEO of iLearningEngines.
Daniel continues, “Integrating the best practices guided by
CoSAI combined with grounding principles for accurate, dependable
AI across Japan, India, and the Americas will empower our strategic
alliance partner ILE’s Platform and Knowledge Cloud. With GenLab’s
experience in cloud, on-prem, and highly sensitive data
environments it’s a perfect match to apply our Venture Studio
Model. Together we will dramatically accelerate global enterprises'
ability to upskill Generative AI knowledge workers and drive model
development at their Centers of Excellence where the best practices
and processes are evolving to safeguard enterprise data as prompt
engineering and grounding takes off worldwide,” said Daniel
Riedel.
“Having worked with OASIS standards for nearly a decade, I want
to ensure GenLab Venture Studio is committed to value creation for
our portfolio companies. Building AI responsibly means safety and
security are paramount to reduce risk to customers and
investors.”
About iLearningEngines:iLearningEngines
(Nasdaq: AILE) is a leading Applied AI platform for learning and
work automation. iLearningEngines enables Enterprises to rapidly
productize and deploy a wide range of AI applications and use cases
(AI Engines) at scale.
iLearningEngines is powered by proprietary vertical specific AI
models and data with a flexible No Code AI canvas to drive rapid
out-of-the-box deployment while offering low latency and high
levels of data security and compliance. Serving over 1,000
enterprise end customers, iLearningEngines is deployed globally
into some of the most demanding vertical markets including
Healthcare, Education, Insurance, Retail, Energy, Manufacturing and
Public Sector to achieve mission critical outcomes.
For more information about iLearningEngines, please visit:
www.ilearningengines.com
About GenLab StudioGenLab Studio is a venture
studio focused on business models that leverage the impact,
application, and growth of generative AI. By focusing on solid
design principles and engaging a diverse community, GenLab Studio
aims to create groundbreaking products that help build a more
robust AI ecosystem. GenLab is also a founding sponsor of
CoSAI.
For more information about GenLab Studio, please visit:
https://genlab.studio/
About CoSAI
The Coalition for Secure AI (CoSAI) is an open ecosystem of AI
and security experts from industry leading organizations dedicated
to sharing best practices for secure AI deployment and
collaborating on AI security research and product development.
CoSAI’s founding Premier Sponsors are Google, IBM, Intel,
Microsoft, NVIDIA, and PayPal. Additional founding Sponsors include
Amazon, Anthropic, Cisco, Chainguard, Cohere, GenLab, OpenAI, and
Wiz.
For more information about CoSAI, please visit:
https://www.coalitionforsecureai.org/
Forward-Looking
StatementsCertain statements included in this press
release that are not historical facts are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995 with
respect to the Business Combination. Forward looking statements
generally are accompanied by words such as “believe,” “may,” “will,
“estimate,” “continue,” “anticipate,” “intend”, “expect”, “should”,
“would”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”,
“outlook”, the negative forms of these words and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the adoption of iLearningEngines’ Applied AI
Platform; the anticipated benefits of the implementation of
iLearningEngines’ Applied AI platform on GenLab Venture Studio and
CoSAI Framework; iLearningEngines’ ability to deliver
cross-industry and cross-functional AI applications; and
iLearningEngines’ ability to address market opportunities across
artificial intelligence. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of the iLearningEngines’ management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by an investor as,
a guarantee, an assurance, a prediction, or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from assumptions
this press release relies on. Many actual events and circumstances
are beyond the control of iLearningEngines. These forward-looking
statements are subject to a number of risks and uncertainties,
including changes in domestic and foreign business, market,
financial, political, and legal conditions; the outcome and
findings of the ongoing special committee investigation of
allegations raised by a recent short-seller report;
iLearningEngines’ failure to realize the anticipated benefits of
its recently completed business combination with Arrowroot
Acquisition Corp.; risks related to the rollout of
iLearningEngines’ business and the timing of expected business
milestones; iLearningEngines’ dependence on a limited number of
customers and partners; iLearningEngines’ ability to obtain
sufficient financing to pay its expenses incurred in connection
with the closing of the business combination; the ability of
iLearningEngines to issue equity or equity-linked securities or
obtain debt financing in the future; risks related to
iLearningEngines' need for substantial additional financing to
implement its operating plans, which financing it may be unable to
obtain, or unable to obtain on acceptable terms; iLearningEngines’
ability to maintain the listing of its securities on Nasdaq or
another national securities exchange; the risk that the business
combination disrupts current plans and operations of
iLearningEngines; the effects of competition on iLearningEngines’
future business and the ability of iLearningEngines to grow and
manage growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; risks
related to political and macroeconomic uncertainty; the outcome of
any legal proceedings that may be instituted against
iLearningEngines or any of their respective directors or officers,
including litigation related to the business combination; the
impact of the global COVID-19 pandemic on any of the foregoing
risks; and those factors discussed in iLearningEngines’
registration statement on Form S-4, as amended or supplemented,
under the heading “Risk Factors,” and other documents
iLearningEngines has filed, or will file, with the SEC. If any of
these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
iLearningEngines does not presently know, or that iLearningEngines
does not currently believe are immaterial, that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect iLearningEngines’ expectations, plans, or forecasts of
future events and views as of the date of this communication.
iLearningEngines anticipates that subsequent events and
developments will cause iLearningEngines’ assessments to change.
However, while iLearningEngines may elect to update these
forward-looking statements at some point in the future,
iLearningEngines specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing iLearningEngines’ assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
For iLearningEngines
Investors:iLearningEngines,
investors@ilearningengines.comKevin Hunt,
iLearningEnginesIR@icrinc.com
For iLearningEngines
PR:Dan Brennan, ICR Inc., iLearningPR@icrinc.com
For GenLab Studio
PR:Daniel Riedel, pr@genlab.studio
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