Genius Group Limited (GNS) has recently announced that it will be merging with FatBrain AI, an AI SaaS and solutions company. This merger agreement has been approved by the boards of both companies and is set to close once certain closing conditions are met. Following the completion of the merger, FatBrain AI’s CEO, Peter B. Ritz, and Executive Chair, Michael T. Moe, will join Genius Group’s board of directors.
The purpose of this merger is to accelerate the delivery of a comprehensive lifelong learning and entrepreneurial education system that prepares individuals for the future of AI. Roger Hamilton, CEO of Genius Group, believes that this strategic move will not only benefit both companies, but also enable entrepreneurs and enterprises to achieve greater progress. The merger is expected to result in substantial growth in pro forma revenues and profitability for both entities.
Genius Group has recently announced its financial guidance for 2024, projecting a 67% increase in the number of users to between 9.5 million and 10 million. This forecast aligns with the company’s belief that 2024 will be a crucial year for the intersection of technology and education. With an increasing reliance on AI and exponential technologies, there is a growing need for future-focused courses that equip students, entrepreneurs, and employees with the necessary skills for this evolving landscape.
The market has responded positively to this news, with Genius Group’s shares trading 17.8% higher at 43 cents at the time of publication. This surge in share price reflects investor confidence in the potential of this merger and the promising future that lies ahead for Genius Group and FatBrain AI.
In conclusion, the merger between Genius Group and FatBrain AI represents a significant step towards creating a comprehensive education platform that prepares individuals for the AI-driven future. By combining their expertise and resources, both companies are poised to achieve substantial growth and deliver innovative solutions to entrepreneurs and enterprises. As the demand for AI-focused education continues to rise, Genius Group is well-positioned to capitalize on this trend and drive meaningful impact in the industry.
