Brand Engagement Network (BNAI)announced the finalization of a strategic partnership with Valio Technologies to establish an exclusive AI licensing framework for government and commercial markets across Africa. The partnership includes a memorandum of understanding with Nelson Mandela University for a regulated, institution-approved pilot deployment of artificial intelligence designed to enhance student wellbeing. Deal terms include: $2,050,000 preferred equity contribution from a newly formed South Africa-based entity to Brand Engagement Network, recognized as intellectual property licensing revenue; 25% common equity ownership in the newly formed entity and one board seat; 35% revenue share across software, SaaS, services, and subscription offerings; exclusive license for government and private-sector markets across Africa and perpetual term with right of first refusal on any sale. As part of the Africa expansion, Brand Engagement Network and Valio have entered into a memorandum of understanding with Nelson Mandela University to implement a governance framework for an AI-powered mental health support initiative for students. The planned deployment is intended to operate within a secure, closed-loop environment and is trained exclusively on institution-approved content, without access to external public models or the open internet.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BNAI:
- Brand Engagement Network Regains Compliance With Nasdaq Listing
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- BNAI Stock Skyrockets over 43% on Major AI Agreement with Top-Tier Global Pharmaceutical Giant
- Brand Engagement Network inks AI pharma services deal
- Brand Engagement Network enters vendor services project agreement
