Amesite Announces Partnership with Cathie Wood’s Innovation Foundation

Amesite Announces Partnership with Cathie Wood's Innovation Foundation

Amesite Inc. (Nasdaq: AMST), a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, nonprofit, and government agency learning and upskilling, announces today its partnership with the Innovation Foundation (“IF”) to provide its proprietary online learning platform for all of IF’s education initiatives.

Founded by Cathie Wood, the Founder, Chief Executive Officer, and Chief Investment Officer of ARK Invest, IF’s mission is to educate through the lens of technologically enabled innovation, preparing and inspiring students, teachers, and families to be on the right side of change.

“We believe that education through the lens of innovation will require novel and forward-looking methods of teaching,” commented Cathie Wood, IF’s Founder and Chairperson. “Built by Amesite, Innovation Foundation Engage – our online learning platform- uses advanced technology to enhance education focused on innovation. Amesite’s technology will help us engage all who wish to be a part of our mission. Our plan is to partner with school districts across the nation, offering teachers and children the training and education to lean into and benefit from the explosive and exciting changes fomenting around innovation.”

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“The Innovation Foundation’s flagship program to provide teachers and students access to innovation learning opportunities is very much in line with our mission to provide the best possible technology to drive online learning through an intuitive and comprehensive approach that provides users with a wide range of resources available through a single platform,” commented Amesite’s Founder and CEO, Dr. Ann Marie Sastry.

Cathie Wood is a globally respected and renowned thought leader and role model in the areas of innovation and finance. Her bold predictions about the future have been  repeatedly realized. The Innovation Foundation team is ensuring that people are ready to embrace the changes that are improving the human condition. We also share IF’s beliefs in the power of learning to change lives, and the importance of leveraging partnerships to utilize technology, to do so.”

Both Ernst & Young LLP and Deloitte have recently reported that companies utilizing a software as service or (SaaS) model, rather than ones that develop physical assets, are more efficient in their operations and have achieved greater shareholder return compared with asset-heavy organizations.

Among the advantages are lower costs passed to the end user, the allowance of categorizing their software investments as operating expenses rather than capital expenditures, and easy and rapid scalability as the only requirement around increased utilization is an expansion of licenses based on the user’s changing business requirements.

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