05:36 PM EDT, 09/18/2024 (MT Newswires) -- iLearningEngines (AILE) said Wednesday it has partnered with GenLab Ventures to support digital transformation for multinational companies in regions like Japan, India, the Middle East, and the Americas using generative AI.

The partnership will distribute ILE's low-code AI platform and Knowledge Cloud to Hyperscaler, Telecom Innovation Hubs, and Centers of Excellence while GenLab Ventures will bring systems integration, open-source technologies, and cybersecurity to the collaboration.

Financial details were not disclosed.

The company's shares were up nearly 3.8% in recent after-market activity.

Price: 1.3500, Change: +0.05, Percent Change: +3.85