Core Insights - Brand Engagement Network, Inc. (BEN) has completed a strategic partnership with SKYE Inteligencia LATAM, S.A.P.I. de C.V. to enhance AI solutions in regulated markets [1][2] - The partnership aims to leverage BEN's Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) to provide compliant AI solutions, addressing data sovereignty mandates in Latin America [1][2] Company Overview - BEN specializes in developing conversational AI agents tailored for regulated industries, utilizing its proprietary ELM™ technology [3] - The company holds 21 issued patents and is positioned at the intersection of enterprise AI and regulatory demand [3] Partnership Details - The partnership includes a $5 million preferred equity contribution from SKYE LATAM to BEN, recognized as IP licensing revenue [5] - BEN will hold a 25% common stock ownership in SKYE LATAM and a board seat, along with a 35% revenue share on software, SaaS, services, and subscriptions across all industries [5] - The agreement grants exclusive government-sector licensing rights in Latin America and Spain, with non-exclusive rights in other verticals [5] Market Context - The partnership is expected to drive AI adoption in Latin America, a region with over 663 million people, and is seen as a significant step in the digital transformation of the area [2] - The collaboration is positioned to empower governments and enterprises to modernize while adhering to local data laws, thus leading the AI revolution in Latin America [2]
Brand Engagement Network Finalizes $5 Million Exclusive AI Licensing Partnership in Latin America, Unlocking Government and Commercial Markets