Love it or hate it, the AI arms race is here to stay. It’s also making some impressive stock winners in its wake, as we saw today with Amesite (NASDAQ:AMST). Amesite surged over 77% in Monday’s trading after it released the latest version of AI driven by GPT-4.
Amesite’s line of AI-driven products uses the same version of GPT-4—version 6.0—as products from major providers. Microsoft’s (NASDAQ:MSFT) newest version of Bing puts GPT-4 6.0 to work, as does ChatGPT Plus. But Amesite looks to spread out beyond that, offering up its software for a wider range of use cases. Customers with at least 10,000 active users can put Amesite’s lineup to work and get access to new features like educational games and other “learning experiences.” Moreover, users at that level can also get in on leaderboards for no extra cost.
Dr. Ann Marie Sastry, Amesite’s CEO, noted the kind of impact that GPT-4 and AI-driven tools can have on learning. Sastry said that Amesite’s version 6.0 offers “…over 99% retention for paid experiences” and that it serves as “…the toolset our customers need to provide their learners with AI-assisted learning…” With 67% of company leaders looking for ways to put generative AI to work in their companies, and 66% saying their employees can’t do the job, it’s clear there’s a market for what Amesite has to offer.
Amesite’s insiders tend to agree. Insider trading at Amesite is trending upward, and confidence is currently rated as Positive. Furthermore, insiders are backing their perception with cash, buying an extra $20,000 worth of shares in the last three months.
