Benzinga | Jan 20, 2022 06:04AM EST

Amesite Announced Partnership with Cathie Wood's Innovation Foundation

Amesite Inc. (NASDAQ:AMST), a leading articialintelligencesoftwarecompanyoffering acloud-basedlearning platformandcontent creationservices for business, university, nonprot, and government agency learning and upskilling,announces today its partnership with the Innovation Foundation ("IF") to provide itsproprietary online learning platform for all of IF's education initiatives. Founded by CathieWood, the Founder, Chief Executive Ofcer, and Chief Investment Ofcer of ARK Invest, IF's mission is to educate through the lens of technologically enabled innovation, preparing andinspiringstudents,teachers,andfamilies tobeontherightsideofchange.

"We believe that education through the lens of innovation will require novel and forward-looking methods of teaching," commented Cathie Wood,IF'sFounder andChairperson."Built byAmesite, Innovation Foundation Engage our online learning platform- uses advanced technology to enhance education focused on innovation. Amesite'stechnologywillhelpusengageallwhowishtobeapartofourmission.Ourplanistopartner with school districts across the nation, offering teachers and children the training andeducation to lean into and benet from the explosive and exciting changes fomenting around innovation."

"The Innovation Foundation's agship program to provide teachers and students access toinnovation learning opportunities is very much in line with our mission to provide the bestpossible technology to drive online learning through an intuitive and comprehensiveapproach that provides users with a wide range of resources available through a singleplatform," commented Amesite's Founder and CEO, Dr. Ann Marie Sastry. "Cathie Wood is aglobally respected and renowned thought leader and role model in the areas of innovationand nance. Her bold predictions about the future have been repeatedly realized. TheInnovationFoundationteamisensuring thatpeoplearereadytoembracethechangesthatare improving the human condition. We also share IF's beliefs in the power of learning tochangelives,andtheimportanceofleveragingpartnershipstoutilizetechnology,todoso."

Both Ernst & Young LLP and Deloitte have recently reported that companies utilizing asoftware as service or (SaaS) model, rather than ones that develop physical assets, are moreefcient in their operations and have achieved greater shareholder return compared withasset-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 capitalexpenditures,andeasyandrapidscalabilityastheonlyrequirementaround increasedutilizationisanexpansionoflicensesbasedontheuser'schanging businessrequirements.