Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Spatial Technology Solutions Announces Upgraded GPS Tracking Services for Enhanced Vehicle Security in Bahrain

Rev Up Marketers

Spatial Technology Solutions (STS), a pioneer in GPS and vehicle tracking solutions in Bahrain, proudly announces significant upgrades to its existing services. These advancements are designed to address the evolving security needs of companies and private individuals operating vehicles in the country. The upgraded services encompass a wider range of features and functionalities, providing users with more comprehensive monitoring and improved fleet management capabilities. Enhanced Security and Real-Time Tracking A core aspect of the upgraded GPS tracking services is the focus on heightened vehicle security. The improved GPS technology offers more precise and reliable real-time tracking, allowing users to pinpoint the exact location of their vehicles at any given time. This empowers them to detect unauthorized vehicle movement and potential theft attempts promptly. Improved Geofencing Capabilities The upgraded system boasts advanced geofencing functionalities. Geofencing enables users to designate virtual perimeters around specific locations. In the event a vehicle breaches these designated boundaries, the system will trigger real-time alerts, notifying users of potential unauthorized movement. This feature is particularly valuable for businesses managing fleets of delivery vehicles or service vehicles operating within designated areas. Streamlined Fleet Management The upgraded services also cater to businesses with large fleets of vehicles. The improved vehicle tracking system in Bahrain offers comprehensive fleet management tools, enabling users to monitor driver behavior, optimize routes, and ensure adherence to designated schedules. This can lead to increased efficiency, reduced fuel costs, and improved overall productivity. Detailed Reporting and Analytics The upgraded system generates detailed reports that provide valuable insights into vehicle activity. These reports can include data on location history, mileage traveled, driver behavior, and other information. This data can be instrumental in identifying areas for improvement in fleet management strategies and driver training programs. Benefits for Businesses and Individuals The upgraded services offer a multitude of benefits for both businesses and individuals in Bahrain. Businesses can leverage these advancements to enhance vehicle security, streamline fleet operations, and gain valuable data-driven insights to optimize their operations. Individual vehicle owners can benefit from improved peace of mind with real-time tracking and theft prevention features. About Spatial Technology Solutions Spatial Technology Solutions (STS) is a leading provider of GPS and vehicle tracking solutions based in the Kingdom of Bahrain. With a proven track record of innovation and a focus on client satisfaction, STS offers a comprehensive suite of services designed to meet the various needs of its clients. STS’s customer base is diverse, ranging from private businesses to government institutions, to individuals. The company's commitment to providing cutting-edge technology and exceptional customer service has positioned it as a trusted partner for those seeking to enhance vehicle security, optimize fleet operations, and gain valuable data-driven insights. For any press-related queries or additional details, please mail support@sts-int.net, or call 17789409, or visit https://sts-int.net/. Contact Details Spatial Technology Solutions Ahmed Zainal +973 1778 9409 ahmed.zainal@sts-int.net Company Website https://sts-int.net/

March 28, 2024 04:14 PM Eastern Daylight Time

Image

TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6

TRON DAO

Geneva, Switzerland, March 28, 2024 - HackaTRON Season 6, co-hosted between TRON DAO, HTX DAO, BitTorrent Chain, and JustLend DAO, introduces an exciting lineup of new sponsors, partners, and judges. Showcasing HackaTRON Sponsors Diamond Sponsors: Ankr: Specializing in decentralized infrastructure services for DApp development, Ankr supports the seamless integration and deployment of blockchain applications. ChainGPT: Platform that merges the power of AI with blockchain to significantly enhance Web3's accessibility and efficiency. Contributing to the discerning panel of judges, ChainGPT introduces: Ilan Rakhmanov, Founder & CEO: A visionary entrepreneur with a knack for blending coding, compliance, and business to guide ChainGPT's strategic direction. Sharon Sciammas, CMO: Armed with vast tech marketing knowledge, Sharon aims to broaden the event's impact and participant engagement. Max Martinez, Advisor: With his expertise in AI, FinTech, Blockchain, and Web3, Max offers invaluable insights into product strategy and innovation. AI-Tech Solidius: A champion of eco-friendly computing and a marketplace linking AI and blockchain, emphasizing sustainable tech development. Joining the judge lineup from AI-Tech Solidius are: Paul Farhi, Founder & CEO: Leading with a vision for integrating AI within blockchain, driving the future of decentralized technologies. Talha Tayyab, Marketing Manager: Brings strategic marketing insights to highlight innovative solutions and engage the global community. Adrian Stoica, Founder and Head of Technology and Development: Offers a deep tech perspective to evaluate the technical robustness of projects. Platinum Sponsor: Kima: A decentralized protocol for blockchain-based money transfers, enabling interchain transactions and accessibility for any user across any blockchain. It promotes an innovative approach to liquidity management and transaction assurance, ensuring seamless and secure transfers every time. Gold Sponsor: GT-Protocol: As our Gold Sponsor, GT-Protocol revolutionizes DeFi with its suite of decentralized tools aimed at enhancing efficiency and transparency. Embracing the core values of open finance, GT-Protocol brings to the judge's table: Balaban Vladyslav, Co-founder: A fervent blockchain advocate, investor, entrepreneur, futurist, and the driving force behind GT Protocol’s innovative vision. Celebrating Strategic Partnerships and Industry Experts HackaTRON Season 6's innovation and integrity are amplified by the diverse expertise of our partners and their distinguished judges: Huawei Cloud: Represented by Bian Wenchao, who is spearheading the charge towards a vibrant Web3 ecosystem. Blockchain.com: Matt Arney, leading business development, brings a dynamic approach to fostering startup growth within the blockchain space. ChainSecurity: Pietro Carta, a Blockchain Security Engineer known for identifying and mitigating critical vulnerabilities in blockchain infrastructures. ChainAnalysis: Pablo Navarro, Technical PMM & Developer Marketing, combines his Web3 experience with offensive security to enhance blockchain safety. Nansen: Edward Wilson, Social Media Manager, offering insights into on-chain data and DeFi from a user experience perspective. Into The Block: Nicolas Contasti, Head of Sales & Business Development, shares his rich experience from transforming today's financial services industry through blockchain and crypto innovations. CryptoQuant: Ben Sizelove, Senior Data Consultant, represents CryptoQuant's commitment to providing top-notch on-chain and market data analytics. CryptoRank: Sergei Zubakov, a chief analyst with deep expertise in the DeFi sector, adds a layer of analytical prowess to the event. Arkham: Alexander Lerangis, Head of Business Development, focuses on leading Arkham's partnerships, branding, and growth initiatives. Unprecedented Prize Pool and Community Engagement With up to $650,000* in prizes, including $500,000 in TRX, TRON network’s native utility token, and $150,000 in energy, which can be used to subsidize transactions and smart contract interactions on the TRON network. HackaTRON Season 6 invites developers to demonstrate their skills and contribute to the ecosystem's growth. View HackaTRON Season 6 for more details. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here: https://trons6.devpost.com/rules About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of March 2023, it has over 217.61 million total user accounts on the blockchain, more than 7.27 billion total transactions, and over $25.91 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

March 28, 2024 02:21 PM Eastern Daylight Time

Image

Investors Eye Milei Moneda ($MEDA) as the Future's Biggest Meme Coin

RoundHouse Media

Milei Moneda ($MEDA) is generating significant buzz among crypto investors as a top meme coin candidate for the future. Its ongoing presale round is drawing huge interest as traders see an opportunity to get $MEDA tokens at a low price before its potential surge in value when it launches on Uniswap. With its humorous identity politics theme and strong economic model, Milei Moneda ($MEDA) looks poised to become one of the best cryptos to buy for 2024. Can $MEDA live up to the expectations? Read to find out! Economize Like Milei: Invest in $MEDA! Evaluating the Long-Term Viability of Milei Moneda ($MEDA) as a Meme Coin Milei Moneda ($MEDA) has quickly gained attention in the world of meme coins thanks to its unique blend of humor, politics, and blockchain technology. As investors flock to the latest altcoins during the bull market, many are wondering if Milei Moneda ($MEDA) has what it takes to stand the test of time. One of the crucial factors in evaluating the long-term prospects of any cryptocurrency is its economic model. Milei Moneda ($MEDA) implements deflationary policies that incentivize long-term investment. Unlike older meme coins that resort to burning tokens to decrease supply, Milei Moneda takes a proactive approach. Through its token burn mechanism, the usage of $MEDA by traders contributes to its value appreciation over time. Furthermore, Milei Moneda's choice of Ethereum as its underlying blockchain platform provides a solid foundation for growth and global impact. With a total token supply of 500,000,000, Milei Moneda ($MEDA) has a sizable presence in the market. The token distribution further enhances its prospects, with 60% allocated to the public, 15% to liquidity, 15% to marketing and rewards, and 5% each dedicated to burn and airdrop initiatives. Economize Like Milei: Invest in $MEDA! Milei Moneda Presale: A Lucrative Investment Opportunity The Milei Moneda ($MEDA) presale is creating a buzz in the investment world, offering a compelling opportunity for astute investors. With its official launch approaching, this project has already garnered significant attention as presale orders are pouring in. Priced at an altcoin price of $0.010 in Stage 1, Milei Moneda ($MEDA) stands out as one of the most promising altcoins available. While the affordable token price is undoubtedly appealing, Milei Moneda ($MEDA) offers much more to investors. Token holders gain the power of community governance, allowing them to actively participate in shaping the project's direction. Additionally, the project offers alluring staking rewards, monthly giveaways, massive discounts, and the most popular NFTs. Furthermore, Milei Moneda ($MEDA) distinguishes itself by eliminating transaction taxes, providing investors with a more favorable and cost-effective trading environment. This feature translates into enhanced profitability and a seamless user experience, attracting investors who appreciate the value of minimizing transactional barriers. As the Uniswap launch price of $0.20 draws near, market experts and investors alike are speculating about the potential for Milei Moneda ($MEDA) to surpass its initial launch price. This speculation further amplifies the interest surrounding the project, as investors eagerly anticipate the possibility of substantial returns on their investment. Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative! Contact Details Milei Moneda Marketing Team marketing@mileimoneda.io

March 28, 2024 12:16 PM Eastern Daylight Time

Image

Lido Dao (LDO) Signaling a Bullish Outlook, But All The Talk is Polygon and Newcomer Raboo

Total Media

The bulls are running while the crypto investors are rejoicing because they were the ones who waited for the markets to recover. While Bitcoin drives the bull market, Lido Dao (LDO) and Polygon (MATIC) are gaining a lot of attention. However, the new meme-fi AI token Raboo (RABT) and its crypto presale have become the talk of the town. With a presale return of 233% and expected 100x returns once it hits the markets, is it any wonder tongues are wagging? Lido Dao (LDO): Ignored by bull market profits Think DeFi; think Lido Dao (LDO). With over $31 billion in TVL, Lido Dao (LDO) is by far the biggest DeFi provider on the planet, but its ticker price does not reflect this success. Lido Dao (LDO) is frustratingly flat in year-to-date figures, leaving investors to wonder if the DeFi giant will ever join the crypto bull market. Then, last month, Lido Dao (LDO) showed the opposite of ‘bull market’, with the bears pushing down the price dropping 25%. This contrasts with other tokens where the bull market has made fortunes. However, this allows Lido Dao (LDO) investors to look for other opportunities, such as crypto presales. Polygon (MATIC): Will it, won’t it? Polygon (MATIC) has been one of the pacesetters in the bull market, nearly doubling since the middle of January. This only stands to reason as Polygon (MATIC) is an Ethereum scaler, and Ethereum has been one of the biggest gainers in this bull market. This is both the blessing and curse of Polygon (MATIC). If Ethereum does well, so does Polygon (MATIC). But Ethereum is hardly the only player in town anymore, and developers looking to scale now have many other options beyond Ethereum to work with. Polygon’s future may be threatened, especially from presale coins like Raboo that can offer much higher returns. Raboo (RABT): Making bull market hay while the crypto presale shines Crypto presales are where seasoned investors go to get in early and grab hold of the tokens that can shoot the moon and possibly surpass even the fastest bull run. The savvy investor knows by the time a token hits the market, it can be too late to “get in early”, and the crypto presale is worth gold. A case in point is Raboo, with its pending presale offering of only $0.003 – which is most certainly the definition of “buying low”. Raboo is a cutting-edge platform that leverages the power of AI to fuse meme culture with DeFi’s financial opportunities, creating a unique and engaging ecosystem for its users. The Raboo presale offers an exclusive opportunity to be part of Raboo’s launch trajectory. Investors gain early access to RABT tokens at a never-to-be-repeated rate by participating in the crypto presale. Raboo’s presale underscores its potential as a disruptive force and highlights the community’s crucial role in shaping its future success. Conclusion While Lido Dao (LDO) and Polygon (MATIC) are struggling with the bull market, tokens like Raboo (RABT) sprint past even the fastest bull and can generate untold wealth for early adopters. Any investor worth their salt will use the Raboo crypto presale to bolster their crypto portfolios. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

March 28, 2024 11:58 AM Eastern Daylight Time

Image

SydeLabs Raises $2.5m to Solve Security and Risk Management for Generative AI

SydeLabs

Globally, policymakers continue to be concerned about the security and safety risks of Generative AI.1 Today, security & risk management startup SydeLabs announced their seed funding round of $2.5m to build solutions aimed at securing GenAI systems for enterprises. The funding round was led by RTP Global and also saw participation from Picus Capital and marquee angel investors. The adoption of Generative AI has opened a new cybersecurity attack surface for those leveraging the technology. SydeLabs’ comprehensive AI security and Risk Management solutions address this emerging concern. The company offers solutions to identify security and safety vulnerabilities in enterprise AI systems and prevent them in real time, helping mitigate cybersecurity attacks and abuse. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs’ mission is to make AI applications safe, secure and resistant to abuse. Ruchir Patwa is a cybersecurity expert with over 10 years of experience, most recently leading security teams at Google and Mobile Premier League. Ankita Kumari compliments this skillset with her experience as a veteran of product leadership positions, including building fraud and risk management solutions at McKinsey & Company, Mobile Premier League and CRED. Together they have worked extensively on security, risk and fraud management. Ankita Kumari, co-founder at SydeLabs commented: “While we were working on solving security and fraud-led business problems, we saw how business growth and profitability was fuelled by the adoption of risk mitigation measures, despite these measures usually being seen as cost sinks. Since then we knew we wanted to build solutions in the vulnerability and risk management space to address these growing concerns.” Ankita Kumari added “The adoption of Generative AI in enterprise organisations has seen the cybersecurity attack surface increase substantially. From a security point of view, companies are now bringing a human-like element into systems that were previously not susceptible to social engineering and manipulation. From a compliance perspective, we see systems having access to internal and user data with the ability to take action on that data. We also see the reputational risks emerging with adoption of GenAI systems that can generate undesirable content which can cause harm to a brand, loss of goodwill and further legal risk.” In their market research with CISOs globally, SydeLabs are seeing increased acknowledgement of these vulnerabilities as enterprises are rapidly adopting Generative AI for various business use cases. As the company looks to be a holistic AI Security and Risk Management Platform, its solution suite helps detect and prevent vulnerabilities in AI systems thus avoiding attacks, abuse and non-compliance. By focusing on the intent of attackers, rather than using traditional pattern matching approaches that are traditionally used for cybersecurity, the company is going further in its cybersecurity offering. Ruchir Patwa, co-founder at SydeLabs concluded: “We are building a comprehensive platform for risk management of Generative AI systems, across the entire development lifecycle. This can give a huge productivity boost to enterprises and prevent costs associated with inaction around security and compliance threats. We want to give confidence to enterprises to deploy GenAI applications without having to worry about security and safety blindspots”. Galina Chifina, Partner on RTP Global’s Asia Investment team added: “We are super excited about the potential SydeLabs has in setting new standards for AI applications that are as secure as they are ground breaking. We love the vision of Ruchir and Ankita and are happy to back them so early in their journey. SydeLabs' approach to AI security showcases the kind of forward-thinking application of technology we champion at RTP." About SydeLabs SydeLabs is building a holistic AI Security and Risk Management Platform to minimise risks and cybersecurity threats in AI systems. Founded by Ruchir Patwa and Ankita Kumari, in March 2024, SydeLabs raised $2.5m in a round led by RTP Global and Picus Capital. For more information please visit https://www.sydelabs.ai/ Contact Details SydeLabs Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.sydelabs.ai/

March 28, 2024 10:00 AM Eastern Daylight Time

Image

HTX Rolls Out BTC Futures "Trade to Earn" #2: Experience Enhanced Reward Ratios and Daily Share of 100,000 USDT Prize Pool with Negative Fee Trading

HTX

Since HTX launched the Spot "Trade to Earn" event, it has garnered broad user participation and received positive feedback. Amidst the escalating battle between bulls and bears in the crypto market, HTX has launched another Future "Trade to Earn" event. Similar to the previous "Trade to Earn" event, participants can once again vie for a share of the daily prize pool totaling 100,000 USDT by engaging in trading BTCUSDT Perpetual. According to official sources, the 1st phase of HTX's Futures "Trade to Earn" event successfully concluded on March 27, with a 7-day cumulative trading volume exceeding 1 billion USDT and its trading depth returning to the Top 3. The trading volume has surged by 179% compared to before the event started. The platform has distributed rewards totaling over 300,000 USDT. At present, HTX has launched the 2nd phase of Futures "Trade to Earn" event, lasting from 00:00:00 (UTC+8) on March 29, 2024, to 23:59:59 (UTC+8) on April 10, 2024. This event consists of 13 rounds, with each round spanning one day from 00:00:00 (UTC+8) on Day T to 23:59:59 (UTC+8) on the same day. Rewards will be credited to participants' HTX Spot accounts within 3 working days after the end of each round. In this event, the applicable futures trading pair is BTCUSDT Perpetual (copy trading applies as well). Participants stand a chance to split a daily prize pool of $HTX worth 100,000 USDT. Rewards from the daily prize pool are distributed on a first-come, first-served basis. With just one click on the "Register Now" button, BTC traders can effortlessly join the event, unlocking the opportunity to earn awesome rewards while indulging in trading with negative fees. Event Details: https://www.htx.com/support/en-us/detail/84965919448394 It's worth noting that HTX has enhanced the reward ratio for its Futures "Trade to Earn" event. In the previous event, participants could earn a 105% reward ratio for Maker orders and a 102% reward ratio for Taker orders. However, in the second phase of the Futures "Trade to Earn" event, the reward ratio for Maker orders has been raised to 110%, while Taker orders now offer a 105% reward ratio, much higher than typical Earn products. HTX's "Trade to Earn" event serves as an innovative model for cryptocurrency trading and empowerment, providing users with broader opportunities to engage in trading and earn profits. HTX will continue to improve the “Trade to Earn” model, optimize user experience, and enhance platform value. At the same time, it will actively explore more innovative business models to provide users with more diversified and efficient digital asset trading services. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 28, 2024 09:31 AM Eastern Daylight Time

SaverOne Inks Major OEM Deal With IVECO – Distracted Driving Software To Be Installed In All Its Light, Medium And Heavy Commercial Vehicles

Benzinga

By Meg Flippin, Benzinga SaverOne (NASDAQ: SVRE), which makes safety systems to prevent people from using distracting apps while driving, just inked an original equipment manufacturing agreement with IVECO, the brand of Iveco Group N.V., which makes light, medium and heavy commercial vehicles. Under the OEM deal, IVECO will use SaverOne’s safety technology in its 2024 truck production line. Initially, for 2024, SaverOne’s software will be integrated into IVECO’s hardware. The company said the collaboration may in the future include the integration of SaverOne’s mobile app with IVECO's mobile app, and SaverOne’s hardware and software within IVECO’s assembly line. The first IVECO vehicles with the integrated SaverOne software solution are expected to be delivered this year. “We are delighted to enter into this partnership with SaverOne, a collaboration that underscores Iveco Group’s dedication to leading the way in transportation safety and innovation,” Fabrizio Conicella, Head of Digital and Advanced Technology at Iveco Group said of the deal. “Integrating the SaverOne technology into our trucks advances our efforts to provide our customers with not only the most reliable and efficient vehicles on the market, but also the safest.” Making The Roads Safer SaverOne’s technology automatically locates the mobile device in the driver’s area and prevents the driver from using messaging and other distracting apps. If the phone disconnects, an alarm will sound. SaverOne’s technology is already installed in over 4,500 cars, trucks and buses and is integrated into the fleets of more than 100 companies worldwide. It's a big addressable market for SaverOne given that distracted driving costs companies $60 billion annually. Furthermore, it's a problem that's expected to get worse as the use of cell phones proliferates around the globe. Between 2024 and 2028 smartphone users are forecast to grow 10.7% to 496.7 million. By 2028, 5.1 billion people will have a smartphone. Studies show users aren’t shy when it comes to using their phones on the roadways either – 77% of respondents said in a recent survey by the National Distracted Driving Coalition that they use their phones while driving. SaverOne’s Recent String Of Wins The IVECO agreement is the latest in a string of deals SaverOne has inked as it aims to make the roads safer. Take its OEM agreement with Volvo Bus Corp., the unit of Volvo Group (OTCMKTS: VLVLY), for starters. Earlier this month it was announced that Volvo Bus will install SaverOne’s Driver Distraction Prevention System (DDPS) in new Volvo buses manufactured for the Mexican market. SaverOne also expanded its agreement with GB Tours to install the SaverOne system on the full fleet of GB Tours’ public transportation and tour buses. GB Tours is a leading Israel-based public transportation company that operates public transportation lines as well as tour buses with a fleet of about one hundred buses. Then there’s SaverOne’s pilot with Systems Logistics, an Italian designer, manufacturer and provider of automated warehousing with customers in Europe, America and Asia. The company has a fleet of over 100 vehicles. The pilot is taking place on a number of its vehicles. Tecne, the engineering company of Gruppo Autostrade per l’Italia – a leading concessionary in Europe for the construction and management of toll motorways – is also a customer. Tecne recently entered into a pilot program with SaverOne that involves the integration of SaverOne’s DDPS into an initial 10 vehicles. The fleet is comprised of about 3,000 vehicles, underscoring the potential opportunity for SaverOne. All of these agreements and others SaverOne has inked underscore the growing interest from companies looking to reduce distracted driving accidents, and SaverOne’s commitment to growing around the world. "We are thrilled to sign this milestone OEM agreement with IVECO, a leading European vehicle manufacturer,” said Ori Gilboa, CEO of SaverOne. “We believe that this agreement represents a very significant strategic move that strongly expands our footprint in European markets. It works to integrate our advanced driver safety solution into IVECO's manufacturing line, which allows us to directly tap into the IVECO global customer base. We look forward to a fruitful collaboration with IVECO and are excited about the positive impact our joint efforts will have on making roads safer for everyone." Featured photo by Sander Yigin on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 28, 2024 09:30 AM Eastern Daylight Time

Image

ToolsGroup and Scarpe&Scarpe to Present at upcoming eP Summit, April 9-10, Florence, Italy

ToolsGroup

ToolsGroup is excited to announce our participation in the upcoming eP Summit 2024, the Pitti Immagine event focused on the relationship between fashion and the digital world in Florence, Italy, on April 9-10. Additionally, we are thrilled to highlight the presence of one of our top retail customers in Italy, Scarpe&Scarpe, who will share their success story. Marcello Pace, CEO of Scarpe&Scarpe, a major player in the retail of shoes and leather goods with over 100 stores across Italy, will discuss how the company is transforming its merchandising processes by integrating ToolsGroup’s AI-powered solutions. This revolutionary approach has enabled Scarpe&Scarpe to optimize margins while minimizing overstock, resulting in significant business improvements. Pace first saw the value of the ToolsGroup solutions at the time when he was CEO of PittaRosso, another large Italian retailer of shoes, an experience which has eventually been published as a Harvard Business School case study. Facing the challenge of overstock and the need to enhance sell-through rates, PittaRosso implemented an automated markdown optimization solution leveraging historical sales data, comprehensive market insights, and inventory analytics. Within just two months of adopting ToolsGroup’s AI-driven solution, PittaRosso experienced a remarkable +14.3% increase in sell-through, alongside improved inventory efficiency, contributing to a €4.2 million boost in the overall margin. Pace’s success in generating growth for PittaRosso through revolutionary AI was the foundation for his vision towards achieving a similarly transformative impact at Scarpe&Scarpe. Marcello Pace commented, “We urgently needed a strategy to maximize margin and sell-through rates. Within just months, ToolsGroup’s AI-powered solution provided tangible results, perfectly aligning with our inventory and growth objectives. Embracing digital transformation is crucial for our brand’s retail expansion, and ToolsGroup emerged as the ideal technological partner to enhance our revenue and margin growth.” Inna Kuznetsova, CEO of ToolsGroup, emphasized, ““Scarpe&Scarpe's success embodies today’s AI powered revolution in retail and supply chain planning technologies. The immediate business impact they observed is a testament to how real-time decision making not only adapts to an unpredictable market, but enables businesses to thrive in it. It's a privilege to partner with Scarpe&Scarpe on their innovation and digital transformation journey. Together, we're paving the way for smarter, more sustainable growth.” Curious to learn more about ToolsGroup’s retail planning solutions? Book a meeting with us at the link https://www.toolsgroup.com/events/ and visit our booth A/5 at eP Summit on April 9-10 at Stazione Leopolda, Florence. About Scarpe&Scarpe From the 1960s to today, from retail to specialized distribution, the Scarpe&Scarpe brand has been the protagonist of great changes while remaining faithful to its mission. The variety of proposals, the quality of materials and the competitiveness of prices have always characterized the entire production of a company which, through targeted investments and constant attention to competitive scenarios, has been able to conquer the Italian market by responding to the needs of the public in always effective manner. Today, thanks to the strong identity of the brand, the effectiveness of the entrepreneurial strategies, the careful planning of the format of the exhibition spaces and the qualification of the sales staff, Scarpe&Scarpe is a consolidated and successful commercial reality, as explicitly demonstrated by the data on its dimensions. In fact, the brand currently has over 100 stores distributed across the country and relies on the collaboration of 1300 employees. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

March 28, 2024 09:00 AM Eastern Daylight Time

Image

The Next Wave Of AI? How Hailo’s Edge AI Chips May Help Transform The Industry

OurCrowd

By Meg Flippin, Benzinga Artificial intelligence is no longer restricted to big data centers, crunching complex data sets to help businesses increase productivity and improve processes. It is becoming ubiquitous as more use cases for this transformative technology emerge. One only has to look to Microsoft Corp.’s (NASDAQ: MSFT) Copilot and OpenAI’s ChatGPT for evidence. Relying on a large language model, the chatbots enable users to research and write content in seconds. That’s just one example of how AI is becoming more mainstream. “We’re in the IBM mainframe era of AI, with the giant data centers representing a few giant computers that dominated the scene during the mainframe era,” George Gilder, the well-known investment advisor who has often been ahead of trends and predicted the world would shift to a decentralized model, said during a webinar for the community and the Gilder Private Reserve subscribers. “I think AI is going to be in every smartphone and every pocket, and it's going to be distributed through the Internet of Things. It's going to be ubiquitous. It's really a new IO for the new technology platform of the age.” Hailo Sits On The Edge That shift to decentralized AI where it no longer lives in the cloud or isolated in a data center, but rather on the edge, is where Hailo, the Israeli semiconductor startup, is operating. It sees a big opportunity for newcomers like itself to take advantage of the natural progression of AI. “AI is learning from examples, contrary to plastic computers which are just being given a very specific set of rules. It’s kind of intuition versus logic,” Orr Danon, CEO at Hailo, said during an interview portion of the webinar with John Schroeder of the Gilder Private Reserve. “It’s a huge pivot in the kind of technology you need to implement this. It’s an opportunity for a new player to come and emerge and take a significant market share. And that's exactly what we are doing in the company.” It is a big and growing market opportunity. Danon said the global chip market is about $600 billion today and is projected to cross the $1 trillion per annum mark at the end of the decade. Hailo makes AI vision processors and AI accelerator chips designed to accelerate embedded deep learning applications on edge devices. The company’s chips can be embedded in a variety of devices including autonomous vehicles, personal computers, smart cameras, robotics, industrial machinery, healthcare devices, drones and home appliances. Hailo Does It Cheaper While big chip companies like Nvidia Corp. (NASDAQ: NVDA) are focusing on making AI chips for data centers and cloud computing, Hailo is seeing growing demand for AI chips that sit on the edge, processing the data locally for use with everything from in a variety of devices including autonomous vehicles, personal computers, smart cameras, robotics, industrial machinery, healthcare devices and drones. Hailo says its chips are cheaper, more efficient and only require a few watts for power consumption. In comparison Nvidia's chip requires up to hundreds of watts, Hailo said. “The apps that you run are local. Of course, you use data that is connected to the cloud, but the majority of data crunching is being done locally. And that's exactly what we believe in,” said Danon. “This is very beneficial in terms of power consumption of the communication requirements. If you're doing anything that requires a response quickly, like a car moving and needing to understand what's going on around it, you have to be local.” That means someday these edge AI chips will be able to make everyday devices even smarter whether it is a high-definition camera or a vacuum cleaner. Are you looking for an AI investment that won’t cost a fortune? Check out what the founders of Hailo are doing to revolutionize this transformative technology here. Cloud Will Always Have Its Role That’s not to say there won’t be a need for the cloud when it comes to AI, it’s rather that they will complement each other and evolve. For example, cloud and big data centers will always be needed to train the AI, but when it comes to processing or performing the tasks the AI was trained to do, Hailo believes it will happen locally or on the edge. Danon said since the company launched in 2017, Hailo has seen the majority of AI deployments occurring outside of data centers – and that’s also happening with large language models like ChatGPT. “Over the past few years, we've seen the first wave of AI, which is based on fundamentally machine learning models trained by massive amounts of data,” said Danon. “But now we're seeing the second wave emerge. And that is, generative AI, which we are seeing in things like ChatGPT.” AI is in its infancy, but it’s quickly moving outside of the big data center and into the devices we use every day. That presents a big opportunity for chip makers catering to this area of the market including Hailo. Interested in getting in on a startup before the second wave of AI takes off? Click here. Featured photo courtesy of Hailo. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

March 28, 2024 08:45 AM Eastern Daylight Time

Image

1 ... 85 86 87 88 89 ... 636