Jet.AI Provides Encouraging Updates Around its Software Solutions

LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced updates around its proprietary technology stack, CharterGPT, DynoFlight, and Reroute AI.

Management Commentary
“We’re racing to get AI to take over revenue-generating tasks typically handled by agents and building out robust products. Demand seen and progress made across all three of our software solutions have been encouraging, and we are moving closer towards our goal of an intertwined ecosystem,” said Jet.AI Founder and Executive Chairman Mike Winston. “CharterGPT will soon integrate DynoFlight’s sustainability tools, allowing customers to offset carbon emissions during the booking process. Reroute AI will work in the background, automatically searching for empty legs that align with CharterGPT requests, providing cost-effective travel options. Together, these innovations provide a smarter, greener, and more efficient aviation solution, and we look forward to continuing to make progress and delivering shareholder value.”

General Product Growth Metrics

• CharterGPT: Grew user base from 6,038 to 33,088 in less than a year; processed $5.5 million in RFQs in August 2024; had 1,852 MAUs, with 4,318 User API actions, in August 2024.
• DynoFlight V2: Achieved 10x speed improvements, expanded carbon credit projects by 100x and added FL3XX integration in Q2 2024.
• Reroute AI: Parsed 18,796 flight requests and 13,909 empty legs, and matched 2,029 trip needs, all in the past 45 days.
  

CharterGPT V2
With exceptional growth and demand seen across Jet.AI’s flagship AI solution, CharterGPT, the Company is now preparing to launch “CharterGPT Version 2” in Q4 2024. This newest model will include a host of new features including enhanced voice interaction capabilities and 1:1 parity between AI, API, and GUI options, creating a more intuitive and seamless experience for users.

FL3XX Integration with DynoFlight V2
Launched in Q2 2024, DynoFlight V2 integrates AI across its platform to provide users with real-time predictions, tips, ROI tools, and AI-powered assistants such as NBAA AI. Now integrated with FL3XX, a web- and app-based aviation management platform, DynoFlight allows users to participate in carbon credit projects, reinforcing the Company’s commitment to sustainability.