Welcome to our dedicated page for Brand Engagement news (Ticker: BNAI), a resource for investors and traders seeking the latest updates and insights on Brand Engagement stock.
Brand Engagement Network Inc. (Nasdaq: BNAI), or BEN, regularly issues news and regulatory updates that reflect its activities in conversational and generative AI for regulated industries. As a developer of secure, multimodal AI agents and avatars built on its proprietary Engagement Language Model (ELM™) with retrieval-augmented generation, BEN’s announcements often focus on technology deployments, strategic partnerships, and capital markets developments.
News items include commercial agreements, such as a Vendor Services Project Agreement with a leading global advertising and communications agency to build a custom AI engagement communication solution for an established prescription pharmaceutical product for a top-10 global pharmaceutical client. BEN also reports on international partnerships, including its reseller and shareholder agreements with Skye Inteligencia LATAM to commercialize BEN’s AI across Latin America and Spain, and the formation of Skye Salud, a Mexican S.A.P.I. developing a sovereign, Spanish-language augmented-intelligence platform for healthcare in Mexico.
Investors and followers of BNAI can also find financial and balance sheet updates in the news feed, such as press releases describing quarterly results, liability reductions through debt-to-equity conversions and settlements, and actions intended to strengthen the company’s capital structure. Governance and corporate developments, including leadership changes, board appointments, and proxy-related matters, are also communicated through press releases and corresponding SEC filings.
This news page aggregates BEN’s public announcements and related coverage so readers can review developments in its AI platform, sector-specific initiatives in healthcare, insurance, financial services, hospitality, retail, and automotive, as well as key milestones in its international licensing and sovereign AI strategies. For ongoing context on BNAI, users can consult this feed alongside the company’s SEC filings and formal financial reports.
Brand Engagement Network (NASDAQ: BNAI) has released its Q4 and full-year 2024 financial results. The company reported significant developments in its AI-driven customer engagement solutions business. Key Q4 highlights include:
- Appointment of Walid Khiari as CFO and COO
- Agreement to acquire Cataneo GmbH for $19.5 million in cash and stock, pending financing and approvals
- Partnership with Vybroo and Grupo Siete for AI-driven radio advertising in Mexico
- Integration with Cox Automotive's Dealer.com platform
- Agreement with CareHub to deploy GenAI Agents for Remote Patient Monitoring in Chronic Care Management
The company focuses on providing AI solutions across automotive, media, and healthcare sectors, emphasizing safe and scalable implementation.
Brand Engagement Network (NASDAQ: BNAI) has announced its support for a new AI data privacy bill proposed by California Assembly Member Carl DeMaio. The legislation would require businesses to obtain explicit consent before sharing or storing user data outside the United States.
The company's CEO Paul Chang emphasized the importance of data privacy and accountability in AI technology development. BEN's proprietary solutions, including Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) technology, are designed to meet global privacy standards such as GDPR, CCPA, HIPAA, and SOC 2 Type 1.
Former FTC Chairman and BEN board member Jon Leibowitz highlighted the urgency for stronger AI regulations. BEN's solutions ensure sensitive user data is not leaked or stored offshore, offering both on-premises and secure cloud deployments for enhanced business control.
Brand Engagement Network (NASDAQ: BNAI) has expanded its reseller partnership with Vybroo, advancing its AI presence in Latin America and Europe. The expansion builds upon their July 2024 partnership, now extending AI-powered solutions across Latin America, Spain, Portugal, and Italy.
The collaboration includes Grupo Siete, a Mexican media company operating Radio Disney Mexico, which will implement five AI-powered brand ambassador avatars for advertising clients. The initiative features QR code activations for real-time consumer interactions, delivering promotions and personalized engagement.
A key development is the creation of 'Roquito,' an AI-powered digital persona based on Vybroo CEO Roque Mascareño, showcasing BEN's conversational AI capabilities for scalable business engagement solutions.
Brand Engagement Network (NASDAQ: BNAI) has terminated its Exclusive Reseller Agreement with AFG Companies and filed a lawsuit against AFG and its CEO. The lawsuit alleges fraudulent misrepresentation, breach of contract, and concealment of a ransomware attack. The agreement, signed in August 2023, failed when AFG didn't provide access to the promised operational-ready data platform, hindering BEN's automotive market entry.
Despite this setback, BEN is proceeding with its automotive initiatives, including the launch of its Automotive AI Agent, which will support over 13,000 dealerships nationwide. The company is expanding through pilot programs in the Midwest, partnerships in Mexico, and collaborations with Canadian dealership groups. Additionally, BEN continues to develop its AI healthcare solutions, maintaining compliance with HIPAA, GDPR, SOC 2 Type 1, and CCPA regulations.
Brand Engagement Network (NASDAQ: BNAI) and Cataneo GmbH announced a collaborative pilot program with Vybroo and Grupo Siete to modernize Mexico's radio advertising landscape. The initiative combines BEN's AI technology with Cataneo's MYDAS platform to enhance advertising workflows and listener experience across Mexican radio markets.
The pilot program will be implemented in key markets including Mexico City, Culiacán, Mazatlán, and Guasave, offering AI-driven solutions for ad placement, inventory management, and campaign optimization. The collaboration involves Vybroo, a Mexican radio broadcasting network, and Grupo Siete, a media organization with over 47 years of experience. This initiative follows BEN's previous announcement of its intent to acquire Cataneo.
Brand Engagement Network (BNAI) reported Q3 2024 financial results highlighting revenue growth and improved operational efficiency. The company announced several key partnerships, including collaborations with KangarooHealth for remote patient monitoring, IntelliTek for global healthcare AI solutions, and agreements with INTERVENT and Members Only Health. BEN secured a $50M Standby Equity Purchase Agreement with Yorkville Advisors and announced plans to acquire Cantaneo Gmbh for $19.5M. The company reported improved operational metrics through cost discipline and sequential reduction in operating costs.
Brand Engagement Network (BNAI) has appointed Walid Khiari as its new CFO and COO, effective November 18, 2024. Khiari brings over 20 years of finance experience, including 15 years as a technology investment banker advising software companies. He previously worked at prominent firms like Merrill Lynch, Credit Suisse, Rothschild & Co, and Houlihan Lokey in Silicon Valley. Khiari holds an MBA from Wharton School and graduated from the University of Paris Pantheon-Sorbonne. He succeeds outgoing CFO Bill Williams, who served since the company's inception. The appointment aligns with BEN's strategy to strengthen its position in the conversational AI market.
Brand Engagement Network (BNAI) will release its Q3 2024 financial results on November 14, 2024, after market close, followed by a conference call at 5:00 p.m. ET. CEO Paul Chang and CFO Bill Williams will lead the discussion and introduce Tina, one of BEN's AI Assistants. The call will be accessible via webcast and phone, with registration required for both options. The webcast recording will be available for one year on BEN's investor relations website.
Brand Engagement Network (NASDAQ: BNAI) has announced an agreement to acquire Cataneo Gmbh, a profitable German media technology company, for $19.5 million through a combination of $9.0 million in cash and 4.2 million shares valued at $2.50 per share. Cataneo's Mydas platform manages over 5 billion euros in annual media spending, serving 5,000+ users and 1,000+ media brands across four continents. The acquisition aims to integrate BEN's Generative AI with Cataneo's ad sales and inventory management solutions. The deal is expected to close in Q4 2024, subject to financing and regulatory approvals.
Brand Engagement Network (BEN) (Nasdaq: BNAI) has successfully completed its data integration with Cox Automotive, specifically for Dealer.com. This integration allows Cox Automotive to utilize BEN's human-like AI Assistants as multimodal conversational resources. These AI Assistants are now available on Dealer.com websites as an app, web browser, and through life-size kiosks in automotive settings.
Dealer.com, representing over 50% of the franchise dealer market, provides an integrated platform for websites, advertising, digital retailing, and managed services. BEN's integration enables consumers to engage in two-way conversations with AI web assistants, offering a more personalized customer engagement experience.
Jerry DeFalco, a leading figure in automotive advertising, describes this integration as a 'game changer' for converting more sessions into leads. BEN's CEO, Paul Chang, emphasizes that the AI Assistants aim to enhance user experience, support customers and dealership employees, and reduce repetitive manual processes.