By Karen Roman
Brand Engagement Network, Inc. (Nasdaq: BNAI), a customer engagement AI company, gave its second quarter financial results using an AI assistant called Skye.
The company said it finalized a private placement of its common stock at a premium to market price and ensured it will purchase its stock for a total of $4.95 million.
BEN said it acquired Health Insurance Portability and Accountability Act (HIPAA) compliance for healthcare AI assistants.
The company also said it is collaborating with the New York Presbyterian/Weill Cornell Medical Center to explore AI applications for physician training among other partnerships.
“In the second quarter, we made continued progress on market validation initiatives, with meaningful acceleration in new proof of concepts” said Paul Chang, BEN’s Co-CEO. “Looking to the second half of 2024, we expect the maturation of earlier engagements into production-ready deployments”.
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