Entertainment

Animation Dance E-Sports Entertainment/Celebrity Film Music Radio Restaurants Sports Television Theater Video Virtual Reality
News Release Digital Asset Direct

FiscalNote (NYSE: NOTE) Launches AI-Driven Risk Connector To Determine And Predict Risk Up To Five Layers Deep

Benzinga

By Jad Malaeb, Benzinga FiscalNote Holdings Inc. (NYSE: NOTE), a leading technology provider of global policy and market intelligence, has introduced the groundbreaking FiscalNote Risk Connector. This innovative solution harnesses FiscalNote's data prowess and AI capabilities to empower large enterprises in both public and private sectors, allowing them to foresee, comprehend, measure and monitor risks originating from their operations and expansive network of associations. The focus is broad, encompassing not only supply chains but also customers, investors, partners and other vectors where risks might manifest. In today's rapidly evolving landscape, both private and public sector supply chains and operational profiles are developing unprecedented complexity. Major enterprises, including corporations and military organizations, navigate intricate legal, regulatory, political and economic terrains while engaging an ever-expanding web of suppliers and collaborators on a global scale. Predicting and managing the vast array of potential risks that can severely impact revenue, brand reputation, military readiness and overall operations poses a significant challenge. FiscalNote Risk Connector, fueled by proprietary and forward-thinking AI technology, equips decision-makers in large enterprises with the essential 5 "As" crucial for operational risk mitigation. This cutting-edge analytics and information platform ensures that the risk assessment process is: Automated, mapping stakeholders within minutes; Always-On, constantly tracking and flagging risks in third-, fourth-, and fifth-party relationships; Anticipatory, providing early warnings of risks that have not yet materialized; Auditable, offering a detailed data trail down to individual documents where risks were detected; and Accessible, integrating seamlessly into a company's risk management framework through various channels. With these invaluable insights, companies can promptly assess the potential risks associated with engaging specific entities. FiscalNote Risk Connector stands out by providing a comprehensive mapping of relationships and real-time risk detection, accompanied by a fully auditable data trail. For instance, leveraging this powerful tool could have forewarned stakeholders of Silicon Valley Bank's vulnerabilities well in advance of its eventual collapse. Similarly, military and government entities, reliant on complex and regulated supply chains amidst geopolitical tensions, could have utilized AI-driven insights to comprehend shifting supply chains and operational risks ahead of the war in Europe, ensuring the continuity of government objectives. Josh Resnik, President and COO of FiscalNote, emphasizes the imperative need for technology to anticipate and manage potential adverse impacts stemming from operational risk. Operational risk has evolved into a multifaceted "field of unknowns," capable of triggering a dangerous cascade of ramifications without proper anticipation and management. FiscalNote Risk Connector unveils the intricate associations between customers and their connections, predicting risks up to five layers removed. Over the past decade, FiscalNote has been collaborating with a diverse array of global customers in the public and private sectors, addressing risks across multiple dimensions such as regulatory, geopolitical, economic, and security. FiscalNote Risk Connector stands as a natural extension of this expertise, presenting a remarkable market expansion opportunity for governments, corporations and other organizations grappling with risk exposure. The modern global supply chain has witnessed a surge in complexity, leading to increased instances of disruptions that come at a substantial cost. Companies face additional burdens from geopolitical and operational risks, further escalating costs. The manufacturing sector, for instance, has witnessed mounting costs due to geopolitical risks, affecting global revenues. National security, especially pertaining to military supply chains, is at risk due to disruptions – prompting an urgent need for comprehensive visibility and proactive planning. For more information on FiscalNote Risk Connector and how it's revolutionizing risk management, please visit the FiscalNote Risk Connector webpage. 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

October 19, 2023 09:25 AM Eastern Daylight Time

Feal Suspension Race Team Captivates Formula DRIFT Fans: Bakchis Takes Second Overall in 2023 Season

Feal Suspension

Formula DRIFT veteran Aurimas “Odi” Bakchis continued to impress hundreds of thousands of fans and fellow competitors at the Formula DRIFT season finale at Irwindale Speedway on October 13-14. With multiple podiums, Bakchis entered the final round of the 2023 FD season positioned fifth overall in the championship. During the event, he worked his Feal Suspension / GT Radial Nissan S15 up the steeply banked track and into second place both at the event and in the overall championship standings in front of a sold-out crowd. While Bakchis’ driving earned the respect of the judges and put him on the podium, his car build also earned the respect of the fans, who voted Bakchis’ Feal Suspension / GT Radial Nissan S15 as the 2023 “Fan Favorite Car.” As runner up in the entire Formula DRIFT PRO championship, Bakchis placed an exclamation point over an impressive showing all season by the entire Feal Suspension Race Team. Bakchis himself is owner and operator of the Feal Suspension Race Team, which took on two new drivers this season. Hailing from Norway, Simen Olsen joined Bakchis in the PRO championship driving the Feal Suspension Nissan S14.9. Olsen finished the season fourth overall, having earned three podium finishes throughout the season and the title of “Most Improved Driver” following his 2022 performance. Bakchis also brought on Ben Hobson to drive the Pedal Commander / Feal Suspension Nissan S14 in the PROSPEC championship. Hobson won two of the four rounds, qualified first in three rounds, and earned the title of 2023 PROSPEC Champion with the biggest points lead in the championship’s history. Overall, the team brought home six PRO podium finishes, including one event win by Bakchis in St Louis, as well as three PROSPEC podiums including two wins. The team finished second and fourth overall in the Formula DRIFT PRO standings and took first in the PROSPEC championship. The Feal Suspension Race Team is the only team with all team members finishing in the Top 5 for the 2023 season. Previously, Bakchis had finished third overall in the Formula DRIFT championship in 2017, 2019 and 2021, so his second place finish was a personal best as he concluded his 13th season of Formula DRIFT competition. With ten event wins under his belt and more than 20 career podium finishes, Bakchis continues to be a championship contender in a sport that is continuing to push the boundaries of precision driving and vehicle engineering. Bakchis' Feal Suspension Race Team is proving they are one to be watched in future Formula DRIFT seasons. EDITOR’S NOTE More images are available here: dropbox.com/sh/vdenezvapc9s3ml/AADFOjh_O5Dc3Dux6o4DYfuTa?dl=0 ABOUT FEAL SUSPENSION Feal Suspension has been in the business of servicing and tuning dampers since 2007. The focus has been on maintaining and improving damper performance in addition to sales of coilover suspension kits. Feal brand coilovers are built with years of tuning experience and testing utilizing not only shock dyno analysis, but also testing with professional drivers on autocross, road-race, rally, and professional drifting applications. The company is active in professional motorsports and constantly puts the suspension to the test. For more information visit fealsuspension.com Contact Details Feal Suspension LLC Amy Bakchis amy@fealsuspension.com Company Website https://fealsuspension.com/home/

October 18, 2023 08:15 AM Pacific Daylight Time

Image

Sienna Resources Gets License To Drill At Its Elko Lithium Project As Demand For Lithium Grows

Benzinga

By Meg Flippin, Benzinga Investors looking at metals beyond gold and silver may be looking at lithium. It's a key ingredient to produce electric vehicles, a market that seems set to take off. In 2020, demand for global lithium reached 292,000 metric tons, and by 2030, it is forecast to hit 2.5 million metric tons. That growing demand is good news for Sienna Resources Inc. (OTCMKTS: SNNAF), the mining company focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. It just received approval from the Bureau of Land Management to drill up to five initial locations in its Elko Lithium Project in Nevada, which it recently acquired. Elko County Project Holds Promise The project, in Elko County, Nevada, consists of about 1,200 contiguous acres directly bordering the Surge Battery Metals Inc. (OTCMKTS: NILIF) Nevada North Lithium Project. Surge’s summer drilling program returned multiple zones of high values ranging from 1,000 parts per million to 8,070 parts per million lithium – the highest grades for exploration for the Nevada North Lithium Project. While the same results for Sienna’s project can’t be guaranteed, it is promising for the company’s business – and potentially its shareholders. “We are very excited about this area, especially in light of the fantastic lithium results being drilled by our neighbor, Surge Battery Metals,” said Jason Gigliotti, President of Sienna. “This area is shaping up to be one of the most exciting lithium addresses in North America and we are very pleased to be right in the heart of it with a planned work program to commence as soon as possible.” Surge Battery Metals’ stock has traded from a year low of $0.045 to a recent high of $1.15 as of this writing, aided by the results of its summer drilling program. Nevada Rich In Lithium As it stands, Nevada has one of the highest lithium production potentials in the country. It's home to America's only current lithium production and one of the U.S.’s largest lithium deposits. Given its location, it's perfectly suited to supply demand in the U.S. and in Asia. It also helps that Nevada has mining-friendly regulations on the books and is in a stable political environment. Mining for lithium also has the backing of the U.S. government. The White House’s American Battery Materials Initiative is aimed at securing a reliable and sustainable supply of critical minerals used for power, electricity and EVs. Meanwhile, the Department of Energy is awarding $2.8 billion from the Bipartisan Infrastructure Bill to boost domestic manufacturing. EVs Getting Ready To Take Off The mining results and Sienna’s plan to commence drilling soon come as the market for electric vehicles is taking off. Tesla Inc. (NASDAQ: TSLA), the leading EV maker in the U.S., plans to produce 20 million EVs by 2030 and it's not the only vehicle manufacturer focused on EVs. Ford Motor Co. (NYSE: F), General Motors Co. (NYSE: GM) and Stellantis NV (NYSE: STLA), among others, plan to sell only electrified cars and trucks by 2035. Land Holdings Sienna is also among the largest landholders in Clayton Valley, Nevada. In June it completed its purchase of Silver Peak South Lithium Project (SPSLP) located in Clayton Valley, Nevada, building on its Blue Clay Lithium Project. This created one large continuous block of approximately 4,700 acres. Clayton Valley is home to the only lithium brine basin in production in North America and is just a few miles from Tesla's Gigafactory outside of Reno, Nevada. Major players in this basin include Schlumberger NV (now named SLB) (NYSE: SLB) and Albemarle Corp. (NYSE: ALB)) with Albemarle currently producing in the basin. “In the deepest part of this basin in Clayton Valley, which is the only basin that produces lithium right now, are Albemarle which is the largest lithium company on earth, Schlumberger (now SLB) which is the largest oil services company on earth and is moving into lithium, and then tiny Sienna Resources trading around $0.05,” said Gigliotti. With approximatley $2 million in cash on hand, Sienna seems to have plenty of money for the current exploration plans and intends to be active on several fronts for the rest of the year. Gigliotti also confirmed that the company’s ”management is extremely optimistic about the future and looks forward to what will happen with boots on the ground on these projects.” This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Sienna Resources has reviewed and paid for this information. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 18, 2023 09:15 AM Eastern Daylight Time

This Encrypted Messenger App Could Help Wall Street Avoid New Fines Amid SEC Crackdown On FINRA Violations

Benzinga

By Rachael Green, Benzinga In the latest wave of crackdowns to come from the SEC’s two-year investigation into Wall Street’s use of messaging apps, a new batch of Wall Street firms were recently hit with multimillion-dollar fines. Over the last two years, the agency has already fined other major Wall Street firms like Goldman Sachs, Bank of America, Wells Fargo and Morgan Stanley for failure to maintain records of the work-related communications taking place in these apps. With this recent batch of penalties, the SEC will have levied over $2.5 billion in fines on Wall Street to date. To get ahead of the crackdown, companies will need to take steps to make sure all communications are secure, private and archived to comply with FINRA (Financial Industry Regulatory Authority) regulations. Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) is offering an easy-to-use, secure and transparent solution in the form of its SekurMessenger app. The encrypted messaging app offers full privacy for users and multiple layers of data protection to keep communications as secure as possible – and with its addition of an encrypted message archiving feature for businesses, it makes it easier than ever to maintain the records the SEC requires to stay compliant with FINRA regulations. The SEC Crackdown Takes Aim At Wall Street’s Use Of Personal Messaging Apps At the heart of the ongoing SEC investigation are Meta’s (NASDAQ: META) WhatsApp, Apple’s (NASDAQ: AAPL) iMessage, and Signal among other messaging apps that the companies had been using to discuss work. The SEC requires financial firms to maintain detailed records of their business, including all work-related communications. The way these messaging apps are set up and handle data is also often inherently not compliant with the strict data security and record-keeping requirements financial firms need to follow. WhatsApp, for example, asks for access to its users’ contact lists. Likewise, the lack of transparency about what data WhatsApp collects on its users, how it uses it and who it shares that data with are all concerns that make it hard to ensure FINRA compliance. “Here are three takeaways for those firms who haven’t yet done so: self-report, cooperate and remediate. If you adopt that playbook, you’ll have a better outcome than if you wait for us to come calling,” said SEC Division of Enforcement Director Gurbir S. Grewal. That means the onus is on companies to audit their own communication practices and take steps now to ensure compliance if they want a shot at avoiding the steep fines already levied against some of the biggest names on Wall Street. SekurMessenger Could Give Companies A Way To Proactively Bring Communications Into Compliance For companies that want to heed that warning from the SEC, switching to SekurMessenger could help ensure their communication practices are compliant. The app, which is available on both Android and iOS devices as well as on the web, offers a number of advanced security features including end-to-end encryption, proprietary VirtualVaults and Helix Tech. Not only does this keep conversations secure, but it also provides a way to maintain privacy as the app doesn’t ask for a phone number or any other personal identification data. The messages and any files sent or received between users are stored in a secure cloud hosted on Swiss-based Sekur-owned servers. That secure storage also provides a place to safely archive sensitive work-related communications and is adding more enterprise-related features – such as a fully private network and mass onboarding of employees – when the company rolls out its upcoming Sekur Enterprise plans in late November of this year. Businesses can also use archiving and auto export with SekurMail, the cybersecurity and internet privacy provider’s email service that offers similar advanced privacy and security features as the messaging app. Together, the two apps can make it easier for companies to maintain compliant records without compromising security or privacy when discussing sensitive work-related information. Both SekurMessenger and SekurMail offer private and secure communications with non-Sekur users through its chat-by-invite feature for its messenger solution and SekurSend/SekurReply feature for the mail solution. This makes it even more attractive as employees can offer the same secure and private communications with their clients without compromising their data and privacy. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 18, 2023 09:15 AM Eastern Daylight Time

4GLOBAL delivers two fresh contract wins in promising markets

4GLOBAL PLC

4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London after the UK-based data, services and software company announced contract wins in Mexico and the Middle East. In Mexico, 4Global secured a contract with Guadalajara, one of the host cities for the upcoming World Cup in North America in 2026. 4GLOBAL will provide access to their data and platform, with a focus on social value. This partnership aims to drive transformation in the city, particularly in the areas of physical activity and sports participation. 4Global's social value calculator, developed in collaboration with Sheffield Hallam University, is designed to aid with identifying value-driving factors and guiding investment decisions. It also enables the monitoring and evaluation of the impact of these investments, ensuring a long-term commitment to the community. The complexity of calculating social value is not underestimated, but 4Global has spent years gathering data and refining their technology to provide valuable insights. Currently tracking 40 million individuals and 4 billion data points, their model is utilized by governments worldwide for targeted investments and decision-making. In the Middle East, 4Global continues to leverage partnerships, such as the one with Al Jassra, to deliver substantial value to clients in the region. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 18, 2023 06:33 AM Eastern Daylight Time

Video

October Is Manufacturing Month: Here’s How Shapeways Is Revolutionizing Manufacturing For Small And Mid-Sized Companies

Benzinga

By Faith Ashmore, Benzinga October is recognized as Manufacturing Month, a time to celebrate and promote the crucial role that manufacturing plays in the global economy. Manufacturing Month highlights the significance of this industry in various aspects, including the global supply chain, job creation, and innovation. Manufacturing encompasses the production of goods that are essential for everyday life. From automobiles to electronics, clothing to food products, manufacturing provides the foundation for meeting the demands of modern consumers across industries. It serves as the backbone of economies worldwide, creating a ripple effect that stimulates economic growth and development. In many ways, manufacturing is a driver of innovation. The industry constantly evolves, harnessing new technologies, materials, and processes to enhance production efficiency and product quality. Manufacturing innovations have led to advancements in areas such as automation, robotics and sustainable practices. These innovations not only benefit the manufacturing sector but also have a broader impact on other industries and society as a whole. On October 6th – National Manufacturing Day – President Biden released a statement talking about the importance of manufacturing and its impact on the domestic and global economy. Biden and his administration shared, “Manufacturing is the backbone of our economy, but for the past few decades, we have not always treated it that way.” The proclamation goes on to share the importance of investing in manufacturing. Shapeways Holdings, Inc. (NASDAQ: SHPW), a prominent player in the digital manufacturing industry, is currently redefining the global manufacturing landscape. Shapeways is accomplishing this by enabling on-demand manufacturing and simplifying complex production through its exclusive software system. The company extends its support to small and midsized manufacturers, providing them with access to Shapeways' proprietary software and assisting them in digitizing their operations, driving revenue growth, and expanding their manufacturing capabilities. The company reported growth during the first half of 2023 with a notable 26% year-over-year enterprise growth. Shapeways has embraced Manufacturing Month and held its very own Shapeways Manufacturing Week during the first week of October to kick off the month. Shapeways was determined to create a comprehensive event focused on advancing practical solutions, encouraging innovative thinking and exploring the future of manufacturing. Previously, Gregory Kress, CEO of Shapeways, has emphasized the untapped potential in the manufacturing industry: "The manufacturing industry is one of the largest markets that has yet to be digitized,” he said, “While large manufacturing companies are investing in digital transformation, smaller and midsized players have often been left behind. We aim to help them achieve the same advantages as their larger counterparts." Recognizing the need to reshape the manufacturing sector, Shapeways launched OTTO, a proprietary software platform designed to streamline ordering, perform file analysis and expedite production. OTTO goes beyond optimizing labor efficiency, asset utilization and inventory costs – the powerful software platform also enhances collaboration between manufacturers and their customers, fostering growth and paving the way for future opportunities. In 2022, Shapeways added to its capabilities solidifying the relationship between manufacturers and buyers by acquiring MFG and integrating its software features and services into the platform. Through MFG.com, manufacturers now have access to an end-to-end procurement and management system, helping them enhance productivity and revenue. The MFG service is beneficial for business owners, industrial designers, and engineers alike. To further demonstrate their commitment to the manufacturing sector, Shapeways introduced MFG Materials, a new software offering on the MFG platform. This addition provides manufacturers with discounted access to a wide range of raw materials, averaging a 15% discount off list prices. Reflecting the growing global raw materials market – which was valued at $169.8 billion for aluminum alone in 2021 – this innovative solution taps into a market projected to reach $277.5 billion by 2030, according to Precedence Research. Taking user feedback into account, Shapeways developed MFG Transactions within the MFG platform. This practical solution allows manufacturers to directly handle invoices and payments, fulfilling the requests of 92% of MFG buyers. Shapeways also introduced the 3D Model Viewer, a sophisticated tool that simplifies the quoting experience. The 3D Model Viewer showcases all the files a potential buyer uploads with their Request for Quote (RFQ), including 2D files. It not only enables interactive highlighting and grouping of intricate details but also provides precise measurements and superior visualization techniques. With its renowned expertise and advanced software, Shapeways is positioned as a leader in revolutionizing the manufacturing landscape. By extending their innovative on-demand manufacturing services and software to a wide range of industries, Shapeways allows other companies to leverage their knowledge and insights to remain competitive in a constantly evolving modern market. Read more about what Shapeways is doing in the manufacturing and software industries. 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

October 17, 2023 09:00 AM Eastern Daylight Time

Discover TechBerry: Pioneering The Future Of Forex Trading

Benzinga

By James Wells, Benzinga Of all financial markets, the FX market has the biggest daily trading value. Despite the rich prospects it presents, the steep learning curve poses serious hazards and necessitates careful capital management. As such, the industry can be both difficult and lucrative. Like any skill, forex trading requires commitment and competence. A well-designed strategy factoring in macroeconomic factors, steadfast discipline and the appropriate mindset are essential for success. However, the emergence of social trading is completely altering this story – companies like TechBerry come into play, fusing social data with AI to provide investors with multiple advantages. A cutting-edge automated Forex platform, TechBerry expertly sorts through more than 100k customer trading accounts. Its AI generates trading strategies from the most profitable deals, acting as an advanced expert advisor (EA) with a powerful internal AI core. Unveiling TechBerry's Distinctive Strategy At TechBerry's core lies a groundbreaking approach to social forex, offering users uninterrupted market insights. Beyond conventional analysis, TechBerry taps into the wisdom of over 100,000 seasoned traders, harnessing their online account data to gauge market sentiment and trajectory. Furthermore, TechBerry's sophisticated deep learning algorithm scours vast data reservoirs to pinpoint prime trading opportunities. By integrating the TechBerry expert advisor software with the renowned MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, even novices can potentially thrive – sidestepping intricate analyses and leaning on veteran trader expertise. Established in 2015, TechBerry proudly flaunts an average monthly profit of approximately 11.2% from historical records, looking to equip traders to triumph and navigate the intricate maze of forex trading. Unlocking Value: Perks For Every Market Player TechBerry has the potential to be the ideal platform to boost your financial game, regardless of whether you're a trader, investor or financial institution. Here's an overview of how each market participant can utilize TechBerry's power: Investors: TechBerry has regularly shown a noteworthy average monthly return of about 11.2% since its founding in 2015. Investors may watch as their assets grow thanks to the advanced automated trading system, which reduces the need for ongoing supervision. Additionally, investments are protected from potential downturns up to a predetermined maximum with a protective insurance layer. Traders: Regardless of one's degree of trading experience, TechBerry provides a path to improved performance. The platform's sophisticated AI-driven algorithms not only accelerate trading but also give users access to collective knowledge and invaluable learnings from the expansive community of traders on the platform. Financial Institutions: TechBerry's extensive collection of both real-time and historical trading data is an excellent resource for institutions looking to strengthen their position in the fiercely competitive world of currency. Muslim Investors: TechBerry continues to uphold Sharia principles with steadfastness, enabling Sharia-compliant trading practices. Muslim investors can trade currencies in accordance with their religious values thanks to the platform's automated service, which doesn't use preset profit margins. It should be noted that all of TechBerry's services have undergone careful auditing by respectable outside organizations like My FxBook, FX Audit, FX Blue. TechBerry's Edge Over Competitors? With numerous platforms such as TechBerry enabling social trading, the forex industry is saturated. TechBerry's main competitor, eToro, combines individual and copy trading. It enables traders to simulate investments using a variety of products, including stocks and cryptocurrency. Instead of just duplicating trades, TechBerry employs collective trader expertise to provide people access to fully automated Forex trading. AvaTrade provides a variety of trading platforms and resources and has a global presence. AvaTrade offers a wide range of tools but makes no precise monthly return promises, in contrast to TechBerry, which places an emphasis on automated trading and regular returns. A feature not found in AvaTrade’s advertising communications, TechBerry pays traders for exchanging data. The Future Of TechBerry With its unique features, TechBerry could stand out as a leading automated social trading platform. Its notable average monthly profits of 11.2% are the result of its skill at analyzing more than 100,000 trading accounts and turning them into employable methods using AI algorithms. TechBerry's reputation for excellence is enhanced by loss protection insurance, a user-friendly interface, and honors from numerous market analysts. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 17, 2023 09:00 AM Eastern Daylight Time

The AI Story Is More Than Nvidia – Companies Like Amesite Are Leveraging AI To Transform E-Learning

Benzinga

By Meg Flippin, Benzinga Currently, Nvidia (NASDAQ: NVDA) is almost becoming synonymous with artificial intelligence, and for good reason: the company is the leading maker of advanced graphics processing units (GPU) which are used in everything from chatbots to voice assistants. With demand for AI taking off so has Nvidia’s growth and its share price. In its most recent second quarter, sales soared 101% year-over-year to $13.51 billion. The stock boasts a market cap of $1.16 trillion, joining an elite group that includes Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL). There’s a lot for investors to be optimistic about when it comes to AI. The global artificial intelligence market is forecast to reach $150.2 billion in 2023 and grow at a CAGR of 36.8% from now until 2030. In 2030, revenue is projected to reach $1.35 trillion. Applications like ChatGPT get all the attention, but there are many use cases. AI is powering several emerging areas of tech including big data, analytics, robotics and the Internet of Things. There’s More Than Nvidia The future appears bright for AI, but Nvidia isn’t the only company poised to benefit. There are a lot of enterprises using AI to solve real-world problems in innovative ways. Amesite (NASDAQ: AMST) is one of them. The AI-based software company, hailing out of Detroit, makes software products and platforms to improve learning. It may not yet be top of mind for some AI-focused investors, but AI underpins all its offerings. Amesite takes a technology-first approach aimed at improving the outcomes of learners. With its platforms courses can be added quickly, programs are adaptable, users stay engaged, and delivery costs are low. In one example, Amesite was able to onboard 50 courses in four days for EWIE Group of Companies, a commodity management company. The Power Of AI In Amesite’s vision for education and upskilling, learners aren’t taught in silos but are part of a larger learning community. V6, the latest version of its learning platform, is the fruition of that AI-driven vision. It leverages GPT-4, the AI system powering Bing and ChatGPT Plus to offer AI capabilities such as learning and creative assistants, educational games, interactive learning experiences, leaderboards and other learning incentives to keep students engaged. V6 can integrate thousands of application programming interfaces (API), which means it works with most companies and schools’ programs. A partnership with Microsoft (NASDAQ: MSFT) enables Amesite’s offering to scale and add improvements and upgrades on the fly easily. The benefits of AI systems like Amesite’s go beyond that in a learning environment. It can process vast amounts of data and generate insights about a student's learning style, pace, and preferences. Using these insights, colleges and businesses can customize course materials and leverage the power of AI to reduce their costs. The lesson in AI is one of efficiency – as industry after industry sees dramatic cost reductions through use of AI, so will learning. Amesite’s capabilities replace the work of hours of instructors, administrators and IT professionals, by delivering with automated features like posting of supporting materials from qualified sources, data analytics that give customers access to all of their learners’ data in self-generated reports, and 24/7 AI instructional assistance for all users. Amesite’s Growth Opportunity Learning may not be as sexy as AI-powered robots, but it's big business, especially since Amesite operates at the intersection of multiple industries including AI, online education, and software-as-a-service to create learning management systems. All three of those areas are projected to see growth in the years to come. Beyond the 36.8% CAGR for the AI industry, the SaaS market was $167 billion in 2022 and is forecast to grow at a CAGR of 18.5% to 2028. Online education is projected to reach a value of $602 billion by 2030, growing at a CAGR of 17.2% over 2023-2030. Nvidia may be the first to mind when we think about AI, but there are many other companies making a big impact thanks to this technology. In order to continue to thrive, Nvidia needs rapid deployment of AI technologies by disruptors in multiple industries. Amesite might be a company overlooked by the investment community — and one to watch in the education space. The company was early to the AI party, and reports rolling out features at an impressive pace that may deserve notice in a very large but traditional market. 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

October 17, 2023 09:00 AM Eastern Daylight Time

News Release

Travis Kelce and Patrick Mahomes Join Forces to Lead Group of Investors in Otro Capital's Strategic Investment in Formula 1 Team Alpine Racing

Full Scope PR

Formula One team Alpine Racing secured a 200-million-euro ($218 million) investment led by Otro Capital. Joining Otro and its partners as new owners is a group led by Patrick Mahomes and Travis Kelce. Otro Capital’s mission to support sports on a global scale aligns perfectly with Kelce and Mahomes’ vision of expanding the reach of sports and promoting positive engagement of sports across a diverse set of audiences. Kelce and Mahomes’ investment group includes familiar names in the sports industry, including perennial NFL pro-bowlers Von Miller and Denzel Ward. Travis Kelce, Kansas City Chiefs tight-end, eight-time NFL Pro-Bowl and two-time Super Bowl champion, shared his excitement, saying, "Partnering with Patrick, a world-class private equity firm like Otro Capital, and the legendary Alpine Racing team is a dream come true. We are embracing this opportunity to be a part of something extraordinary, and we look forward to contributing our passion and commitment to this incredible team." Patrick Mahomes, Kansas City Chiefs quarterback, two-time NFL MVP, and two-time Super Bowl MVP, said, "I am thrilled to join forces with my friend Travis Kelce and this group of investors led by Otro Capital to support the world-class Alpine Racing Team. As athletes, we understand the importance of teamwork, dedication, and the pursuit of excellence. We see these same qualities in Alpine Racing and are excited to be a part of their journey to further success.” With Kelce & Mahomes leading the way, the investment group aims to bring added attention to the Alpine Racing team, capitalizing on the tremendous growth and fan enthusiasm for F1 experiences in the U.S. Joining Travis & Patrick in leading this investment group is Andre Eanes of A&A Management, Joey Feste of KM Capital and Rhodes McKee of MavenHill Capital / ReynardMcKee. Andre Eanes of A&A Management, “Alpine Racing represents the epitome of the unique access we provide our clients in world-class investment opportunities led by top investors. We look forward to working with Otro Capital and the Alpine team as they continue to grow this incredible organization.” Rhodes McKee of MavenHill Capital / ReynardMcKee further commented, “Alpine Racing is a prime example of a rare and asymmetric opportunity that aligns perfectly with our investment philosophy. Formula One is currently at an exciting inflection point in its storied history. The interplay between the sport's unique regulatory and operational structure, the prestigious Alpine Racing organization, and an exceptional investment partner collectively presents a once-in-a-lifetime investment opportunity, which is underscored by an enduring competitive moat that will lead to sustainable value creation.” Contact Details Full Scope PR Pia Malihi pia@fullscopepr.com

October 17, 2023 08:00 AM Eastern Daylight Time

1 ... 65 66 67 68 69 ... 249