10 AI News That You Should Not Miss

5. iLearningEngines, Inc. (NASDAQ:AILE)

Number of Hedge Fund Holders: 10

iLearningEngines, Inc. (NASDAQ:AILE) provides an AI-powered platform designed to deliver personalized learning experiences.

iLearningEngines (NASDAQ:AILE) voluntarily filed for Chapter 11 bankruptcy on December 20, 2024, in the U.S. Bankruptcy Court for the District of Delaware. The company plans to maintain regular operations during its Chapter 11 proceedings and continue supporting its customers who rely on its Applied AI platform. Interim CEO Tom Olivier expressed confidence that this process will position the company for a stronger future, focusing on long-term growth. As part of the bankruptcy process, iLearningEngines will seek Court approval to maintain normal operations, including employee compensation and vendor payments.