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Genius Group Wins Council of Europe Competition for ‘Genius Nation’ AI System and Completes Delivery

GlobeNewswire LogoGlobeNewswire1d ago

Genius Group Wins Council of Europe Competition for ‘Genius Nation’ AI System and Completes Delivery - GlobeNewswire

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Asset Recovery Committee of the Republic of Kazakhstan to Utilize Genius Nation’ AI System to Help Recoup Billions in Illegal Assets SINGAPORE, July 26, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group” or the "Company”), a leading AI powered education and acceleration group, today announced the delivery of a nationwide AI technology system to the Asset Recovery Committee of the Prosecutor General’s Office of the Republic of Kazakhstan, awarded in a global competition launched by the Council of Europe, the European Union’s leading human rights organization.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.  Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the Company’s goals and strategies; the Company’s future business development; changes in demand for online learning; changes in technology; fluctuations in economic conditions; the growth of the online learning industry the United States and the other markets the Company serves or plans to serve; reputation and brand; the impact of competition and pricing; government regulations; and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC”).

The AI Central Support Department of the Council of Europe launched a technology competition in February 2024 to support the Committee’s system for the recovery of criminal proceeds through the deployment of a nationwide, AI powered system that connects more than 50 government databases to more than 300 external data sources ranging from government tax agencies and banking data to property and asset ownership data, contracts data, corporate and personal data, and a global network of open source intelligence (OSINT) databases.

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Article Details

Author / Journalist: Genius Group Limited

Category: Technology

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 12:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1077 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 21783919

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Official Website: globenewswire.com

Year Established: 1998

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News Last Updated: 1 days ago

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Publisher ID: #116

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