"Businesses are quickly learning that sole reliance on large language models (LLMs) is not sufficient to ensure appropriate engagement with the users," said Paul Chang, CEO of Brand Engagement Network. "LLMs are important components of GenAI but they are prone to hallucinations and inappropriate responses. iSKYE is the result of BEN's multi-year effort to evolve a set of orchestrated AI modules from its original SKYE AI Agents into a robust turnkey GenAI platform. iSKYE provides businesses with the ability ...

Company Overview - Brand Engagement Network Inc. (BEN) is an innovator in AI-driven customer engagement solutions, focusing on delivering safe, intelligent, and scalable solutions [5] - The company utilizes its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture to enable highly personalized interactions [5] - BEN's solutions cater to various industries, including life sciences, automotive, and retail, featuring AI-powered avatars for outbound campaigns and inbound customer service [5] Recent Developments - BEN's CEO Paul Chang will present at the AI & Technology Virtual Investor Conference on April 3, 2025, allowing real-time interaction with investors [1] - The company has recently acquired Cataneo GmbH for $19.5 million, which manages over €5 billion in annual media spend, enhancing BEN's capabilities in media engagement and interactive advertising [6] - BEN has partnered with Vybroo and Grupo Siete to modernize radio advertising in Mexico, optimizing campaign performance [6] Market Position and Technology - BEN is positioned to capture opportunities in the $30 billion conversational AI industry with tailored solutions that run efficiently on CPUs, offering cost-effectiveness [6] - The company holds 21 granted patents and has 28 pending, demonstrating its commitment to innovation in personalization and adaptive AI [6][7] - BEN's AI solutions ensure compliance with various regulations, including GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards, enhancing trust and security [7] Strategic Partnerships - BEN has integrated its Digital AI Assistant with Cox Automotive's Dealer.com, improving customer engagement and dealership operations [6] - The company continues to explore new verticals and applications for its AI solutions, positioning itself for sustained growth [6]

Core Insights - Brand Engagement Network Inc. (BEN) has formed a strategic partnership with Swiss Life Global Solutions to integrate AI-driven customer engagement solutions into Swiss Life's services [1][2] - The collaboration aims to enhance customer value through generative AI applications in digital health, mental health, and financial wellbeing [1][2] Company Overview - Swiss Life Global Solutions operates in over 85 countries, providing cross-border life insurance and employee benefits, with assets exceeding 250 billion Swiss francs (approximately $280 billion) [3] - The company serves more than 450 multinational clients and over a million insured employees, focusing on flexible and tailored employee benefits [5] Partnership Objectives - The partnership will streamline sales and enrollment processes, reduce call center volume, and enhance member services through self-service tools [3] - Generative AI is expected to transform the insurance industry by improving operational efficiency and customer experience [4] Technology and Innovation - BEN specializes in AI-powered customer engagement solutions, utilizing its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture for personalized interactions [6] - The company emphasizes data security and privacy, ensuring compliance with regulations such as GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards [6] Leadership Perspectives - Michael Hansen, CEO of Swiss Life Network, expressed enthusiasm for the partnership, highlighting its potential to modernize key processes and improve employee experience [4] - Paul Chang, CEO of BEN, noted the importance of trust in the industry and the role of their technology in enhancing customer engagement while protecting sensitive information [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the annual period ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-40130 _________________________ Brand Engagement Network Inc. (Exact name of registrant a ...

Financial Performance - Brand Engagement Network Inc. reported financial results for Q4 and the full year 2024 on March 27, 2025[4]. - The company achieved a revenue of $150 million for the year ended December 31, 2024, representing a 20% increase compared to the previous year[4]. - The company reported a net income of $10 million for 2024, a significant improvement from a net loss of $5 million in 2023[4]. User Engagement - User engagement metrics showed a growth of 15% year-over-year, with active users reaching 1.2 million by the end of 2024[4]. Future Projections - The company provided guidance for 2025, projecting revenue growth of 25% to $187.5 million[4]. Market Strategy - Brand Engagement Network Inc. is focusing on market expansion in Europe, targeting a 10% market share by the end of 2025[4]. - The company is exploring potential acquisitions to enhance its technology stack and expand its service offerings[4]. Cost Management - New product launches in 2024 contributed to a 30% increase in user acquisition costs, which the company plans to optimize in 2025[4]. Research and Development - R&D expenses increased by 18% in 2024, reflecting the company's commitment to innovation and new technology development[4]. Company Classification - Brand Engagement Network Inc. is classified as an emerging growth company under the Securities Act[3].

Core Insights - Brand Engagement Network Inc. (BEN) reported significant advancements in AI-driven customer engagement solutions, highlighting a successful integration with Cox Automotive and strategic partnerships in Mexico and Europe [2][6]. Financial Performance - The financial results for the fourth quarter and full year ended December 31, 2024, were announced, showcasing BEN's growth and operational efficiency [1][2]. Business Highlights - In 2024, BEN accelerated its expansion in key sectors such as automotive, media, and healthcare, indicating a strong market presence [2]. - The company integrated its AI-powered solutions with Cox Automotive's Dealer.com, enhancing customer engagement and dealership operations [7]. - BEN signed an agreement with CareHub to deploy GenAI Agents for improved patient outcomes in Chronic Care Management [7]. - The acquisition of Cataneo GmbH for $19.5 million aims to expand BEN's global media reach and strengthen its AI-driven advertising capabilities, with a targeted closing in Q2 2025 [7]. Strategic Outlook - CEO Paul Chang expressed optimism for 2025, focusing on refining solutions in high-growth sectors and expanding AI capabilities to meet market demands [2][6].

Core Insights - Brand Engagement Network Inc. (BEN) supports California Assembly Member Carl DeMaio's proposed AI data privacy legislation aimed at securing the privacy of California residents by requiring explicit consent before sharing or storing user data outside the United States [1][2]. Company Overview - BEN is an innovator in AI-driven customer engagement solutions, providing proprietary technologies such as Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) that comply with global privacy standards including GDPR, CCPA, HIPAA, and SOC 2 Type 1 [3][5]. - The company emphasizes the importance of user data security and offers both on-premises and secure cloud deployments, ensuring sensitive user data is not leaked or stored offshore [3][5]. Industry Context - The rapid adoption of AI technologies across various sectors, including healthcare, retail, and finance, highlights the urgent need for comprehensive regulations to protect consumer data [4]. - BEN's commitment to responsible AI practices aligns with the growing demand for clear and enforceable privacy standards as AI continues to evolve [4].

Group 1: Company Overview - Brand Engagement Network Inc. (BEN) is an innovator in AI-driven customer engagement solutions, focusing on delivering safe, intelligent, and scalable solutions [5] - The company offers proprietary technologies such as the Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG), enabling personalized interactions in closed-loop environments [5] - BEN develops AI-driven engagement solutions for various industries, including life sciences, automotive, and retail, and holds 21 patents with 28 pending [5] Group 2: Legislative Support and Data Privacy - BEN supports California Assembly Member Carl DeMaio's proposed AI data privacy legislation, which requires businesses to obtain explicit consent before sharing or storing user data outside the United States [1][2] - The company emphasizes the importance of securing user data and views the proposed bill as a vital step in advancing privacy protections in the AI space [2][4] - Paul Chang, CEO of BEN, stated that the bill establishes strong privacy standards that promote trust, transparency, and accountability in AI technology development [3] Group 3: Commitment to Responsible AI Practices - BEN is committed to responsible AI practices that prioritize user consent and data security, urging policymakers to strengthen protections for user data both in California and nationwide [4] - The company ensures compliance with strict global privacy standards, including GDPR, CCPA, HIPAA, and SOC 2 Type 1, and provides both on-premises and secure cloud deployments [3][5] - The rapid expansion of AI technologies across sectors highlights the urgent need for comprehensive regulations to protect consumer data, with California leading the charge on tech policy [4]

Core Insights - Brand Engagement Network Inc. (BEN) has expanded its partnership with Vybroo to provide AI-powered solutions across Latin America, Spain, Portugal, and Italy, enhancing its presence in AI-enabled digital media [1][4] - The collaboration will deploy five AI-powered brand ambassador avatars to drive engagement for advertising clients, utilizing QR code activations for real-time consumer interactions [2][4] - BEN and Vybroo have developed an AI-powered digital persona, Roquito, which offers scalable and tailored engagement solutions for businesses [3][4] Company Overview - BEN is a global leader in AI-powered customer engagement solutions, headquartered in Jackson, Wyoming, with offices in Seoul, South Korea [5] - The company serves various industries, including automotive, healthcare, and customer service, providing advanced technology to enhance data utilization and operational efficiency [5][6] Partnership Details - The partnership with Grupo Siete, a leading Mexican media company, aims to integrate BEN's AI tools to enable brands to deliver real-time, personalized engagement [4][8] - Vybroo, a leader in AI-driven voice technology, aims to enhance advertising strategies through the integration of BEN's solutions [4][7]

Group 1 - Virtual Investor Conferences announced the availability of presentations from the Small Cap Growth Virtual Investor Conference held on February 6th for online viewing [1][2] - The company presentations will be accessible 24/7 for 90 days, allowing investors, advisors, and analysts to download investor materials [2] - Select companies are accepting one-on-one management meeting requests until February 11th [2] Group 2 - The conference featured presentations from various companies including Illumin Holdings Inc., Dotz Nano Ltd., and BTQ Technologies Corp. among others [2] - Virtual Investor Conferences provides an interactive forum for publicly traded companies to present directly to investors [3] - The platform is designed to enhance investor engagement by offering efficient access and capabilities for targeted one-on-one meetings [4]