Las Vegas, NV, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, today announced significant advancements in its AI-driven software offerings — CharterGPT and Reroute AI. The new features are in their final QA cycles before release, set to debut at the 2024 NBAA Business Aviation Convention & Exhibition, with rollouts planned from now through November 2024.
CharterGPT: Ushering in the Era of Human-Like Interaction
Jet.AI's CharterGPT is breaking new ground by integrating voice capabilities and enhanced comprehension. The product’s AI agent is expected to be capable of listening, understanding, and carrying out booking requests with remarkable accuracy and efficiency. This innovation is expected to accelerate operator response times, a traditional bottleneck in the bespoke process of chartering a plane or an empty leg.
Reroute AI: Trip Request Finding, Matching, and Booking
Reroute AI continually scans the inventory of empty legs in the US to find reroute candidates to match with a consumer trip request. Like CharterGPT, Reroute AI t is expected to autonomously connect with aircraft operators; that marks a significant advancement in travel tech.
"Our vision is to make machine interaction as useful as possible before eventual and critical human interaction," said Jet.AI Founder and Executive Chairman Mike Winston. "In a fascinating demo, I found myself conversing with an AI version of myself, using a near-perfect replica of my own voice and capable of booking requests. The experience offered a glimpse of a future where interacting with a well-informed AI feels more advantageous than speaking with a person. Our AI is expected to carry out tasks traditionally delegated to humans to generate revenue, particularly on the back end. This technology is an extension of ourselves.”
Experience the Future at NBAA 2024
Jet.AI invites guests to discover these pioneering AI solutions at the NBAA Business Aviation Convention & Exhibition 2024 booth #955. Demos showcasing these capabilities are scheduled, marking the beginning of a new chapter in private aviation, with full features rolling out from now through November 2024.
Jet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of standalone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet card, on-fleet charter, management, and buyer's brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup® champions. The Company was founded in 2018 and is based in Las Vegas, Nevada and San Francisco, California.
Safe Harbor Statement
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, and Jet.AI's projected future results. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. 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 that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K, Registration Statements, and subsequent reports filed by the Company with the Securities and Exchange Commission, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the forward-looking events and circumstances discussed in this press release may not occur, and actual results could differ materially and adversely from those anticipated.
Readers are cautioned not to put undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
