BETHESDA, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines," "ILE" or the "Company"), a leader in AI-powered learning and work automation, today announced that on December 20, 2024 the Company voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware (the "Court"). The Company will seek Court approval to continue operating on a business as usual basis during the proceedings and intends to continue to provide support to its installed customer base that relies on its Applied AI platform to run their businesses. "We appreciate the continued support of our customers, partners and employees, an

Announces Management Actions Company Receives Letter of Non-Compliance from Nasdaq BETHESDA, Md., Dec. 10, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines," "ILE" or the "Company"), a leader in AI-powered learning and work automation, today provided an update from the Special Committee (as defined below), including management actions and the receipt of a Non-Compliance Letter from Nasdaq. As previously disclosed, on September 5, 2024, the Board of Directors (the "Board") of the Company formed a special committee of the Board (the "Special Committee"), consisting of independent directors, to oversee, among other matters, an internal investigation (the

Bonnie-Jeanne Gerety Appointed Interim CFO Thomas Olivier Appointed Interim COO Postpones Announcement of 3rd Quarter 2024 Financial Results BETHESDA, Md., Nov. 18, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines," "ILE" or the "Company") a leader in AI-powered learning and work automation, today announced the appointment of Bonnie-Jeanne Gerety as Interim Chief Financial Officer ("CFO") and the appointment of Thomas Olivier as Interim Chief Operating Officer ("COO"). Farhan Naqvi will continue to serve ILE as Senior Vice President of Corporate Development. "The Board is pleased to formally welcome Bonnie-Jeanne as Interim CFO after serving as a consult

BETHESDA, Md., Oct. 17, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines," "ILE," or "the Company"), a leader in AI-powered learning and work automation for enterprises, today announced its participation in two leading insurance industry events this fall: ITC Vegas on October 15-17, 2024 and the Insurance Innovators Summit in London on November 6, 2024. iLearningEngines' presence at these events will serve as an opportunity for the Company to share its vision for the future of the insurance industry, including how recent AI technology developments will push the boundaries of what is possible for insurance companies and professionals. At ITC Vegas, iLearning

BETHESDA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines" or "the Company"), a leader in AI-powered learning and work automation, today announced the launch of its Insurtech Enterprise AI Knowledge Cloud and hyper apps aiming to serve the European Insurtech industry. iLearningEngines aims to help private insurers and their industry associations adopt and scale their AI projects, particularly where telematics application development can be accelerated and hyper-automated. This will be achieved by leveraging Generative AI partners such as Genlab Venture Studio, a founding member of CoSAI (Coalition for Safe AI), and global cloud service provide

BETHESDA, Md., Sept. 18, 2024 (GLOBE NEWSWIRE) -- 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

BETHESDA, Md., Sept. 18, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines" or "ILE") a leader in AI-powered learning and work automation, today announced that Farhan Naqvi, Chief Financial Officer and Head of Corporate Development, will be participating in two upcoming virtual AI industry events. On Wednesday, September 18, 2024 at 1:00 p.m. ET Mr. Naqvi will participate in the Ivyfon San Francisco Family Office Outlook 2024 Forum, where he will be a featured speaker on a panel entitled "Future of AI" with over 250 virtual attendees expected. Registration for the event is available here: https://ivyfon.com/sep18-19forum/registration.html On Friday, Septem

BETHESDA, Md., Sept. 17, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc, (NASDAQ:AILE) ("iLearningEngines" or "the Company") a leader in AI-powered learning and work automation for enterprises, recently hosted GURUVANDANAM to honor the commitment of over 500 schools in driving elevated student outcomes with innovative AI technology. The event celebrated the impressive leadership of school principals that elected to participate in the Vedhik Civil Services Club, a learning program that leverages AI to provide more impactful educational experiences to students across India. The event was held on Thursday, September 12 at the Kochi Marriott Hotel. Using iLearningEngines' platform, Vedhik IAS

BETHESDA, Md., Sept. 11, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines", "ILE", or "the Company"), a leader in AI-powered learning and work automation for enterprises, today announced a strategic partnership with Exult Global to implement its innovative AI platform on Microsoft Fabric and Azure. By leveraging Fabric's unified analytics capabilities on Azure's cutting-edge cloud computing platform and iLearningEngines' low code AI Platform, this move has the potential to rapidly scale the development of use cases and AI apps. The unified solution has the potential to provide customers with a seamless integration, scalability and security within their exist

BETHESDA, Md., Sept. 10, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ:AILE) ("iLearningEngines" or "ILE") a leader in AI-powered learning and work automation for enterprises, provides key facts on its business operations. According to the CEO, Harish Chidambaran, "It is essential to correct the egregious misstatements made by the short seller. iLearningEngines has a long-standing track record, audited financials, and has delivered significant innovation in AI for enterprise learning and work automation." The CEO response aims to dispel short seller's inaccuracies. Link to iLearningEngines CEO's response to the short seller allegations:https://investors.ilearningengines.com/ne