iLearningEngines Reinforces Commitment to Optimizing Insurance Business Processes with AI Technology at Key Industry Events This Fall

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, iLearningEngines is hosting demos in the exhibition area. Insurance professionals and others attending the event can stop by the booth to learn about how the iLearningEngines platform and AI engines built on the solution can support and optimize insurance industry operations and business processes. In the exhibition area, iLearningEngines can be found at booth #2976.

On November 6, 2024, at 10:15am, Deviprasad Thrivikraman, CEO of TechVantage Analytics – a partner of iLearningEngines in the development of AI-driven insurance industry solutions – will participate in the Insurance Innovators Summit CEO Forum, "The Innovation-Ready Insurer," on Stage 1. The presentation, "AI in Action: Future-Proofing Insurance with Edge AI, Telematics, and Generative Models" will address how AI is reshaping the insurance industry, from expediting claims processing to detecting fraud in real-time and supporting insurers in meeting their ESG goals. This session will provide actionable insights and real-world case studies that demonstrate how AI can drive operational efficiency, enhance fraud detection. iLearningEngines can also be found in the exhibition area at booth #16.

"I'm excited to share updates with attendees about how Techvantage, in partnership with iLearningEngines, is at the forefront of powering AI adoption across the insurance landscape," said Deviprasad Thrivikraman, CEO of TechVantage Analytics. "Insurance businesses that are looking to future-proof operations with AI will learn about innovative AI solutions like our Claims-on-the-Edge product, telematics-driven risk management, and pre-trained insurance language models that transform core processes and protect enterprise intellectual property."

The iLearningEngines platform enables insurance businesses to rapidly deploy purpose-built, highly accurate AI engines, also known as hyper-apps, for rapid realization of business value through improved productivity and revenue generation. Insurance industry business processes including risk assessment, claims processing and coverage quote development can be optimized through iLearningEngines' advanced AI capabilities.

About iLearningEngines: 

iLearningEngines (NASDAQ:AILE) is a leading Applied AI platform for learning and work automation. iLearningEngines enables Enterprises to rapidly productize and deploy a wide range of AI applications and use cases (AI Engines) at scale.

iLearningEngines is powered by proprietary vertical specific AI models and data with a flexible No Code AI canvas to drive rapid out-of-the-box deployment while offering low latency and high levels of data security and compliance. Serving over 1,000 enterprise end customers, iLearningEngines is deployed globally into some of the most demanding vertical markets including Healthcare, Education, Insurance, Retail, Energy, Manufacturing and Public Sector to achieve mission critical outcomes.

For more information about iLearningEngines, please visit: www.ilearningengines.com.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995 with respect to the Business Combination. Forward looking statements generally are accompanied by words such as "believe," "may," "will, "estimate," "continue," "anticipate," "intend", "expect", "should", "would", "plan", "predict", "potential", "seem", "seek", "future", "outlook", the negative forms of these words and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the ability of ITC Vegas and the Insurance Innovators Summit to serve as an opportunity for iLearningEngines 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; the contents of iLearningEngines's and its partners' presentations and exhibitions; the ability of AI to reshape the insurance industry; the ability of AI to expedite claims processing, detect fraud in real-time, support insurers in meeting their ESG goals, drive operational efficiency and enhance fraud detection; the ability of Techvantage's solutions to transform core processes and protect enterprise intellectual property; the ability of iLearningEngines platform to enable the rapid realization of business value through improved productivity and revenue generation; and iLearningEngines' ability to address market opportunities across artificial intelligence. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the iLearningEngines' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions this press release relies on. Many actual events and circumstances are beyond the control of iLearningEngines. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the outcome and findings of the ongoing special committee investigation of allegations raised by a recent short-seller report; iLearningEngines' failure to realize the anticipated benefits of its recently completed business combination with Arrowroot Acquisition Corp.; risks related to the rollout of iLearningEngines' business and the timing of expected business milestones; iLearningEngines' dependence on a limited number of customers and partners; iLearningEngines' ability to obtain sufficient financing to pay its expenses incurred in connection with the closing of the business combination; the ability of iLearningEngines to issue equity or equity-linked securities or obtain debt financing in the future; risks related to iLearningEngines' need for substantial additional financing to implement its operating plans, which financing it may be unable to obtain, or unable to obtain on acceptable terms; iLearningEngines' ability to maintain the listing of its securities on Nasdaq or another national securities exchange; the risk that the business combination disrupts current plans and operations of iLearningEngines; the effects of competition on iLearningEngines' future business and the ability of iLearningEngines to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; risks related to political and macroeconomic uncertainty; the outcome of any legal proceedings that may be instituted against iLearningEngines or any of their respective directors or officers, including litigation related to the business combination; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those factors discussed in iLearningEngines' registration statement on Form S-4, as amended or supplemented, under the heading "Risk Factors," and other documents iLearningEngines has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that iLearningEngines does not presently know, or that iLearningEngines does not currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect iLearningEngines' expectations, plans, or forecasts of future events and views as of the date of this communication. iLearningEngines anticipates that subsequent events and developments will cause iLearningEngines' assessments to change. However, while iLearningEngines may elect to update these forward-looking statements at some point in the future, iLearningEngines specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing iLearningEngines' assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

For iLearningEngines Investors:

iLearningEngines, [email protected]

Kevin Hunt, [email protected]

For iLearningEngines PR:

Dan Brennan, ICR Inc., [email protected]