Genius Group increases Net Asset Value to $54.6 million, reduces net loss per share by 74% in First Half of 2024. Provides guidance of $75 million net asset value for Full Year with growth in Bitcoin Treasury. SINGAPORE, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced its financial results for the first half of 2024. “Following a rationalization of our operations in the first h ...

Core Insights - Genius Group Limited has increased its Bitcoin purchases by an additional $2 million, bringing its total Bitcoin holdings to 214 Bitcoin, valued at $20 million, with an average purchase price of $93,586 per Bitcoin [1][2]. Group 1: Bitcoin Strategy - The company has committed to a "Bitcoin-first" strategy, aiming to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin [2]. - The total purchase of $20 million in Bitcoin occurred within a month of announcing this strategy [2]. Group 2: Educational Initiatives - Genius Group is launching the Genius Bitcoin Academy and Genius Blockchain Academy, which will offer microcourses, microdegrees, and certifications starting in January 2025 [3]. - The educational platform will feature contributions from authors, experts, and podcasters from the global Bitcoin and Blockchain communities [3]. Group 3: Partnerships and Technology - The company has partnered with UK-based Applied Blockchain to develop a next-generation edtech platform, integrating student credits linked to the value of Satoshis and certifications on the Lightning Network [4]. - The Lightning Network will enable smart contracts on a Bitcoin-based decentralized network [4]. Group 4: Industry Engagement - Genius Group is actively participating in various industry events as a title sponsor, including the FutureFi Summit and Bitcoin Investor Day, scheduled for 2025 [5][6]. - These sponsorships are part of the company's strategy to enhance its leadership position in the Bitcoin-first, AI-powered education sector [7]. Group 5: Growth and Capital Strategy - The company is focused on expanding its student base and faculty to prepare for future economies while building its Bitcoin Treasury [7]. - Genius Group is exploring various sources of capital, including commercial loans, to facilitate its Bitcoin purchases [7].

Core Perspective - Amazon is launching a new program called Amazon Autos to sell cars online, aiming to disrupt the traditional auto dealership model and expand its e-commerce offerings [1][2] Group 1: Amazon Autos Overview - Amazon Autos will act as a middleman, partnering with local dealerships rather than directly selling cars [2] - The program is currently piloted with Hyundai Motor across 48 states, with plans to include BMW and Nissan [2] - The model allows customers to buy online and pick up at the dealership, providing detailed vehicle information and financing options [3] Group 2: Benefits of the Model - Amazon does not need to invest in inventory, leveraging existing assets to create a new revenue stream [4] - Local dealerships gain access to a larger customer base while buyers benefit from a simplified and transparent purchasing process [4] - The auto market is substantial, with over 3 million cars sold in the U.S. last year, presenting a significant revenue opportunity for Amazon [7] Group 3: Potential Challenges - Online car buying requires consumer trust, as buyers cannot test drive the vehicle before purchase [8] - While e-commerce has gained traction, it may take time for Amazon Autos to establish itself as a credible alternative for car buying [11] - The program could face challenges if it does not gain sufficient traction, although Amazon has a history of pivoting from unsuccessful initiatives [10] Group 4: Future Implications - The launch of Amazon Autos indicates a shift in the car sales landscape, with potential for more automakers to adopt similar online sales models [12] - Amazon's entry into the auto market could redefine consumer purchasing behavior and further integrate online shopping into various sectors [12]

MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is pleased to announce that on November 12, 2024 it has entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company’s strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advancing its exploration ...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES" or the "Company"), a cognitive computing company specializing in next generation intelligent systems, today announced a strategic partnership with goProdigii, LLC (“Prodigii”) as a member of VERSES Genius™ beta program (“Genius”). Prodigii aims to leverage Genius’ advanced predictive and inferencing capabilities to develop intelligent solutions with an emphasis on sustainability planning and com ...

Core Insights - Genius Group Limited has launched GeniusGroup.AI, an AI-powered platform aimed at enhancing the Genius Cities Network and global AI Education model [1][3] - The platform connects educators, entrepreneurs, businesses, and governments to create exponential learning ecosystems that emphasize human values and Sovereign AI [1][3] Company Overview - Genius Group serves 5.4 million users across over 100 countries through its Genius City model and online marketplace for AI training, tools, and talent [5] - The company aims to establish 100 Genius Cities globally, facilitating knowledge sharing and resource connections [3] Key Features of GeniusGroup.AI - The platform includes a full suite of AI Avatars, such as 'Student AI' for university students and 'Genius Team' for entrepreneurs [1] - It offers instant access to Alan Turing AI, the Chief AI Officer, for guidance on maximizing growth and efficiency using AI tools [2] - GeniusGroup.AI provides a global calendar of events, including AI courses and challenges, to foster community engagement [2]

SINGAPORE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education and acceleration group, today announced changes to its Board and Management team commensurate with its international growth plans. The Company's Board of Directors has appointed Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power and Gary Pattison to the Board, bringing with them extensive experience at Board and Senior Management levels in high-growth ...

SINGAPORE, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI powered education and acceleration group, today confirmed the purchase by Roger Hamilton, its CEO, of 500,000 ordinary shares from the Company. The purchase of the ordinary shares was approved by the Board on August 9, 2024 at a per share price equal to 105% of the closing price on the prior trading day to the date of purchase, in a combination of cash and conversion of debt ...

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) ("Genius Metals" or the "Corporation") is pleased to announce the closing of a non-brokered private placement previously announced on September 24, 2024, raising total gross proceeds of $757,000 through the issuance of 9,462,500 units of the Corporation ("Units") at a price of $0.08 per Unit (the "Offering"). Each Unit consists in one common sha ...

This move could take Google back to the very top of the AI race. In today's video, I will be talking about the recent updates regarding Alphabet (GOOGL -1.04%) (GOOG -0.99%) and the return of Noam Shazeer. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 1, 2024. The video was published on Oct. 2, 2024. ...