FatBrain AI’s mission to empower SMEs and connect them to a global business population gains momentum

FatBrain AI, the leader in powerful and easy-to-use artificial intelligence (AI) solutions for star enterprises of tomorrow (sometimes called SMEs), is presenting at the Digital Bridge Forum, September 28-29, in Nur-Sultan, Kazakhstan.

The annual Digital Bridge Forum is hosted by the Ministry of Digital Transformation, Innovation and Aerospace of the Republic of Kazakhstan. The event follows the recent Shanghai Cooperation Organization (SCO) meetings in neighboring Uzbekistan, highlighting the significance of the region covering approximately 60% of Eurasia, 40% of the world population, and more than 30% of global GDP. SCO is sometimes compared to the Organization for Economic Co-operation and Development (OECD).

“SMEs drive 70% of jobs and prosperity in OECD countries. Digital inclusion for SMEs through easy-to-use cloud and AI solutions accelerates sustainable growth within SCO regions and beyond,” reflected Peter B. Ritz, co-founder and CEO of FatBrain AI. “FatBrain’s strategic investments in this region bridging Europe with Central Asia unlock the potential for faster growth as urged by President Tokayev.”

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“We are excited to offer a multi-level Knowledge Cloud vision to empower hundreds of thousands of SMEs with digital solutions to gain customers, hire workers and optimize business,” added Evgeny Shcherbinin, CEO of Prime Source, a FatBrain AI company. “Our many years of experience working with the largest institutions driving the regional economy places us in the critical position to continuously and sustainably impact the knowledge economy of SCO and beyond.”

The FatBrain AI presentations during the forum will be featured (i) on Wednesday, September 28, “How to Maintain a Venture Portfolio During Turbulence in the Global Financial Markets” and (ii) Thursday, September 29, “Artificial Intelligence and Cloud Services as a Catalyst for Business Growth.” The Digital Bridge Forum can be viewed on-line.

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on September 13, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are based entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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