News Hub | News Direct

Technology

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

What’s The Buzz? AI Stocks On The Move (AI, EPAZ, STRC, PLTR, NVDA)

RazorPitch EPAZ

As the field of artificial intelligence continues to rapidly evolve and expand, investing in AI companies has become an increasingly attractive opportunity for investors to capitalize on the growing industry. There are two main methods used by businesses to use artificial intelligence. Many large tech companies use AI to make their existing operations more powerful, such as through high-profile applications like robotics, self-driving cars, and virtual assistants. Some companies also profit directly from AI by selling the hardware, software, services, or expertise that the technology needs. According to Grand View Research, the global artificial intelligence market size was valued at USD 136.55 billion in 2022 and is projected to expand at a compound annual growth rate of 37.3% from 2023 to 2030, making these next few years pivotal in the growth of the sector. With the AI market already large and still growing quickly, plenty of companies can profit from AI. Although picking stocks in a growth industry comes with a lot of uncertainty, these AI stocks are all worth considering. One stock investors should take a look at is EPAZ. Epazz Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. A few weeks ago, EPAZ detailed an update regarding the ZenaDrone lineup. The company announced that the aerial technology used by ZenaDrone 1000 from EPAZ will soon receive an update to its artificial intelligence (AI) predictive automation software. ZenaDrone Inc., a spinoff of Epazz Inc. Holdings, is a manufacturer of multipurpose drones equipped with machine learning systems, multispectral sensors, and AI technology. The data gathered by ZenaDrone's cameras is used to build an interactive 3D environment. According to the update, the ZenaDrone team will employ predictive AI analytics, or "predictive modeling," a type of analysis that employs methods and resources to create predictive models and make predictions of future outcomes based on acquired data. Following the updates, EPAZ announced that the company is submitting over five Phase I proposals to the U.S. government under its SBIR Phase I program. SBIR Phase 1 allows small businesses with innovative products to receive US government contracts within 90 days of submission. If ZenaDrone is awarded a Phase I contract worth up to $75,000 per proposal, EPAZ will then be in a position to submit for Phase 2 contracts, worth up to $1.2 million per contract. ZenaDrone will gain the ability to be listed as the sole source supplier of its technology, which would allow the U.S. government to purchase the ZenaDrone 1000 without a bidding process. CEO Shaun Passley, Ph.D., said, "We are working towards our first government contract using multiple avenues, which will hopefully lead to our first set of government customers, and through The SBIR would open us up to the whole federal government for our drone technology." The possibility of higher returns exists for more seasoned investors or those who don't mind taking on risk on the OTC markets. For investors interested in the high tech and AI sectors, EPAZ offers an attractive play, with competitive technology that the company continues to improve and invest in. Another company that is leveraging the use of AI in its products is C3.AI (NYSE: AI), which operates as an enterprise artificial intelligence (AI) software company and offers the C3 AI application platform. The C3 application platform is an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications. Additionally, it provides integrated turnkey business AI applications for industries including oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications. The company’s AI solutions are applicable across multiple industries, which gives it an advantage and makes it a promising long-term investment option. On February 21, C3.ai announced that its expanded collaboration with Amazon Web Services is aimed at leveraging the power of AI to help customers in industries such as defense and intelligence tackle their most pressing business challenges. As part of this collaboration, C3.ai will integrate its AI applications, including C3 AI Law Enforcement, with AWS services such as Amazon Comprehend. C3.ai reported impressive financial results in its previous fiscal quarter. The company’s revenue increased 7% year over year, reaching $64.2 million. Subscription sales grew by 26% to $59.5 million in the previous quarter. Keep an eye out, as this AI stock seems to be trending in the right direction. Sarcos Technology and Robotics Corporation (NASDAQ: STRC, STRCW) designs, develops, and manufactures a broad range of advanced mobile robotic systems that are designed to enable the safest and most productive workforce in the world. Sarcos robotic systems include baseline software enabling basic controls, teleoperation, and semi-autonomous capabilities. Sarcos will provide additional software options, such as supervised autonomy, as an incremental service. Sarcos' supervised autonomy framework uses multi-modal sensor data to optimally perceive, interact with, and conceptualize unstructured environments. The company’s advanced, success-based AI enables human workers' flexibility, creativity, and improvisation skills to deliver improved workflow performance and safer interactions between humans and machines for jobs in unstructured environments. In addition, Sarcos intends to offer its software solutions separately for sale or license. Drew Hamer, CFO of Sarcos, said, “We see strong demand to purchase Sarcos robotic systems." "We expect to sell solutions for specific markets and use cases based on our customers' needs and applications.” STRC recently announced their preliminary fourth quarter 2022 revenue of $6.1 million and full year 2022 revenue of $14.6 million, each at the high end of their guidance range. The market for robotic security is predicted to expand in the coming years and could reach $71.8 billion by 2027. Keep STRC on your watchlist as the sector continues its growth. Palantir Technologies (NYSE: PLTR) builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. Palantir Gotham, a software offered by PLTR, enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, and facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data and allowing individual users to integrate and analyze the data they need in one place. In addition, the company also has its Palantir Apollo software, which allows customers to deploy their own software in virtually any environment. PLTR rose last week after posting its first profit of 4 cents a share, albeit non-GAAP. The company earned $31 million on a GAAP measure, or a penny a share. PLTR is closer to reporting GAAP profitability this year due to strong cost control, showing a marked improvement in its business fundamentals. Palantir was able to report a positive GAAP net income in the past quarter and is guided to have a profitable year in 2023; previously, it was not expected to reach breakeven until 2025. One of the top companies in the AI sector right now, would be Nvidia (NASDAQ: NVDA). Nvidia provides software development tools to build artificial intelligence applications. For its fiscal fourth quarter, NVDA outperformed Wall Street expectations thanks to an 11% increase in data center chip sales to $3.62 billion, driven by cloud service providers' investments in artificial intelligence technology. Nvidia has taken advantage of the AI boom, because its graphics cards are becoming the de facto standard in data centers around the world. The initial stage of machine learning, known as "training," requires an immense amount of computing power; the subsequent stage, known as "inference," requires less. Both phases however; are well supported by graphics processing unit (GPU) chips produced by NVDA, which are typically used for rendering video games. Razorpitch Inc. is a marketing communications and investor relations firm serving private, pre-IPO, and public companies. RazorPitch specializes in corporate, investor, and stakeholder communications, with a primary focus on sponsored media. Our goal is to raise visibility, expand awareness, and increase value. To learn more, visit RazorPitch.com. Disclaimers: This article contains sponsored content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. RazorPitch is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. RazorPitch authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. RazorPitch has been compensated by EPAZ to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://razorpitch.com

February 27, 2023 05:00 AM Eastern Standard Time

Article thumbnail News Release

OnePlus Announces a Technical Partnership with Perfect World Games about Ray Tracing on Mobile

OnePlus

BARCELONA, SPAIN - Media OutReach - 27 February 2023 - Global leading technology company OnePlus today announces a technical partnership with Perfect World Games on ray tracing technology. Both parties work closely to bring the ray tracing technology to Tower of Fantasy in-game play on the OnePlus 11 5G. “We’re extremely thrilled to cooperate with Perfect World Games to showcase this industry-leading technology that shapes the future of mobile gaming experience on the OnePlus 11 5G”, said Kinder Liu, OnePlus COO and Head of R&D. “OnePlus is dedicated to providing the most immersive game experience to our users and today we take this experience to a new level”. “We’re excited to cooperate with OnePlus to apply this advanced technology that previously only be seen on PCs in mobile phone,” said Dan Xu at Perfect World Games. “As a leading game developer, our mission is to bring the best experience to gamers, and ray tracing technology will dramatically transform the in-game experience”. Ray Tracing on Mobile Gaming Ray tracing is a technology that enables dynamic in-game lighting, reflections, cross-physics illuminations and shadows, allowing for extreme environmental realism when gaming. The newly launched OnePlus 11 5G is equipped with Snapdragon® 8 Gen 2 mobile platform that supports hardware accelerated ray tracing technology, which provides the opportunity for OnePlus to work with Perfect World Games to fully explore the potential of ray tracing on mobile. Ray Tracing in Open World MMORPG on Mobile Compared to traditional MMORPG games, incorporating ray tracing in open-world games has significant technical challenges, especially on mobile platform. Perfect World Games developed techniques such as a distance-based dynamic object frame-updating mechanism and range-based ray tracing culling based on light source perspective, which enables players to experience real-time stable frames while enjoying ray tracing effects. Additionally, for the open-world scenes in Tower of Fantasy, the ray tracing acceleration structures are further optimized through employing small object culling and view frustum culling based on camera frustum solid angle. By accurately simulating the propagation and interaction of light rays, players can immerse themselves in the Vera desert and experience the more realistic effect of flames from the surroundings and the hot sand underfoot. Normally, open world MMORPG game experience is more immersive than traditional MMORPG game due to more realism detailed objects, and this experience is further elevated by ray tracing technology. Occlusion and shadows in open world scenes are accurately calculated to precisely illuminate and shade the objects of all sizes and scales in Tower of Fantasy. This is totally different with traditional rendering methods which often miss intricate details in scenes, leading to inaccurate or missing occlusion and shadows. For instance, by calculating the occlusion effect of the scene under a uniform intensity of light, ray tracing on Tower of Fantasy enhances and improves the contrast between light and dark in the visuals, achieving more realistic shadows and ultimately adding a stronger sense of spatial depth and realism to the game's environments. The introduction of mobile ray tracing technology also enables more accurate capturing of shadows and occlusion effects of objects in the distance and behind other objects, resulting in better visual performance compared to traditional rendering techniques. Moreover, with mobile ray tracing enabled, the game improves the effect of simulating the absorption of physically accurate light as it passes through and reflects off water surfaces. Difficulty here is that light is comprised of various wavelengths of light waves, and when these light waves enter the water, they are absorbed differently. Ray Tracing on the OnePlus 11 5G The objective for this partnership is to improve the visual and performance experience on mobile device. To improve the graphics quality, engineers from OnePlus and Perfect World Games co-developed the Real-time Inline Ray Tracing Pipeline and a novel Fast Temporal Convergence Algorithm for Ambient Occlusion, specifically tailored to meet the demands of “Tower of Fantasy” by utilizing a forward rendering pipeline. To cope with the demanding graphics computing power brought by ray tracing technology, the Spatiotemporal Oversampling is employed. Thanks to its over-the-top hardware specs including 16GB LPDDR5X RAM, 256GB ROM with UFS 4.0, and the new Cryo-velocity VC Cooling System, the OnePlus 11 5G can support the real-time rendering of mobile ray tracing on the graphics of Tower of Fantasy. From February 27 th to March 2 nd, OnePlus will showcase ray tracing enabled Tower of Fantasy at Hall 3, 3M10 at MWC 2023. About OnePlus OnePlus is a global mobile technology brand challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans. For more information, please visit OnePlus.com or follow us on: Instagram - https://instagram.com/oneplus Facebook - https://facebook.com/oneplus Twitter - https://twitter.com/oneplus LinkedIn - https://www.linkedin.com/company/oneplus Contact Details OnePlus Malcolm Cheng malcolm.cheng@oneplus.com

February 27, 2023 12:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Borealis Foods Inc. to Go Public Through Business Combination with Oxus Acquisition Corp., Advancing the Mission to Develop Global Food Solutions

Borealis Food Inc

~Borealis Foods Inc. is a food technology company with a mission to address global food security challenges by developing highly nutritious and functional food products that are both affordable and sustainable. The company's focus on affordability and sustainability reflects its commitment to making a positive impact on both human life and the planet. With its unique approach, Borealis has a significant opportunity to create a meaningful and profound impact on the world. ~ ~Palmetto Gourmet Foods, Inc., a wholly owned US subsidiary of Borealis, is a world class food grade manufacturing facility with an annual capacity to produce 600 million highly nutritious, ready-to-eat ramen meals, sold in the US, Canada and soon Europe~ ~ Borealis’ Leadership will continue to lead the Newly Combined Company with Reza Soltanzadeh, MD as CEO and Barthelemy Helg as Chairman ~ ~ The Transaction values Borealis at an equity value of $150 million ~ ~ Transaction expected to close during the third quarter of 2023 ~ Borealis Foods Inc., an innovative food technology company (“Borealis”), and Oxus Acquisition Corp. (“Oxus”) (Nasdaq: OXUSU, OXUS, OXUSW), a special purpose acquisition company, today announced the signing of a definitive business combination agreement on February 23, 2023, that is expected to result in a newly-combined company (the “Company”) under the name Borealis Foods Inc. Upon closing of the proposed transaction, the Company will continue to be led by Borealis’ CEO and Co-Founder Reza Soltanzadeh, and Chairman and Co-Founder Barthelemy Helg. The boards of directors of Borealis and Oxus have each unanimously approved the proposed transaction. Borealis is a food technology company that has developed a high quality, affordable, sustainable and highly nutritious range of plant-based, ready-to-eat meals, which are sold in the US, Canada, and are expected to be soon sold in Europe. Borealis Foods has developed and launched the world’s first mass-produced plant-based ramen meal with 20 grams of complete protein per serving. This achievement in the plant-based protein industry underscores Borealis' commitment to developing cutting-edge solutions to tackle global food challenges. Through continuous research and development, and partnerships with other advanced food-tech companies, Borealis has created ramen meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg and dairy free, non-GMO, MSG free, and TBHQ free, and are manufactured with recyclable packaging. The ramen category represents an estimated $40 billion market and plays an essential role in feeding billions of people worldwide. Reza Soltanzadeh, CEO of Borealis, shared “We are thrilled about the next stage of Borealis and our alignment with Oxus on our shared vision of making healthy and sustainable food accessible to all. By closing a business combination with Oxus, we can fully realize our mission of developing food technology solutions to address global food challenges. This new company represents a significant step forward for us.” Kanat Mynzhanov, CEO of Oxus, said "We, at Oxus Acquisition Corp., have been looking for companies and technologies that have a positive, sustainable, environmental impact on a global basis. Our team has been working hard to find an optimal partner to join us in this quest; we have evaluated many potential candidates and we believe that we have found an excellent partner in Borealis, as a leading platform in food tech, and Palmetto as their first successful application of such innovation on a commercial scale. We believe Borealis is uniquely positioned to revolutionize the global basic food industry.” Oxus raised approximately $172,500,000 million in gross proceeds in its initial public offering, including the proceeds of the exercise of the over-allotment option. It was listed on the NASDAQ on September 21, 2021, to identify and consummate an initial business combination with a target that can benefit from the investment, operating, and innovating experience of Oxus’s management team and sponsor. Transaction Summary Under the proposed transaction terms, Borealis will combine with Oxus and become a publicly traded entity under its existing name. The transaction values Borealis at $150 million equity value. Oxus Capital PTE. Ltd., the sponsor of Oxus, invested $20 million into Borealis as a convertible note in December 2022. In addition, an additional $20 million convertible note from a third-party investor which is expected to fund in April 2023 has been secured. The Company’s board is expected to be comprised of seven directors, five of whom will be independent, consistent with the applicable NASDAQ listing rules. The proposed transaction will require approval of the shareholders of Oxus and is expected to close during the third quarter of 2023, subject to the satisfaction of customary closing conditions. Advisors Oxus: Torys LLP (Canada), Travers Thorp Alberga (Cayman Islands), and Greenberg Traurig, LLP are acting as legal counsel to Oxus (US). EarlyBirdCapital, Inc. is serving as financial advisor and Scalar LLC provided a fairness opinion to the Board of Directors of Oxus. Borealis: Nixon Peabody LLP (US) and Bennett Jones LLP (Canada) are acting as legal counsel to Borealis. Additional Information and Where to Find It This communication relates to the proposed transaction but does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. Oxus intends to file with the SEC a registration statement on Form S-4 relating to the proposed transaction that will include a proxy statement of Oxus and a prospectus of Oxus. When available, the definitive proxy statement/prospectus and other relevant materials will be sent to all Oxus shareholders as of a record date to be established for voting on the proposed transaction. Oxus also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and securities holders of Oxus are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about Oxus, Borealis and the proposed transaction. Investors and securities holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Oxus through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Oxus may be obtained free of charge from Oxus’s website at https://www.oxusacquisition.com/or by written request to Oxus at Oxus Acquisition Corp., 300/26 Dostyk Avenue, Almaty, Kazakhstan 050020. Participants in Solicitation Oxus and Borealis and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Oxus’s shareholders in connection with the proposed transaction. Information about Oxus’s directors and executive officers and their ownership of Oxus’s securities is set forth in Oxus’s filings with the SEC, including Oxus’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 31, 2022. To the extent that such persons’ holdings of Oxus’s securities have changed since the amounts disclosed in Oxus’s Annual Report on Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the names and interests in the proposed transaction of Oxus’s and Borealis’ respective directors and officers and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph. Forward-Looking Statements This communication contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Borealis and Oxus, including statements regarding the benefits of the proposed transaction, the anticipated timing of the completion of the proposed transaction, the products offered by Borealis and the markets in which it operates, the expected total addressable market for the products offered by Borealis, the sufficiency of the net proceeds of the proposed transaction to fund Borealis’ operations and business plan and Borealis’ projected future results. 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. 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 material risks and uncertainties and other factors, many of which are outside the control of Borealis. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the risk that the proposed transaction may not be completed by Oxus’s business combination deadline and the potential failure to obtain an extension of the business combination deadline sought by Oxus; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the business combination agreement by the shareholders of Oxus and Borealis, the satisfaction of the minimum trust account amount following redemptions by Oxus’s public shareholders and the receipt of certain governmental and regulatory approvals, among other closing conditions; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (vi) the effect of the announcement or pendency of the proposed transaction on Borealis’ business relationships, performance, and business generally; (vii) risks that the proposed transaction disrupts current plans and operations of Borealis; (viii) the outcome of any legal proceedings that may be instituted against Borealis, Oxus or others related to the business combination agreement or the proposed transaction; (ix) the ability to meet NASDAQ listing standards at or following the consummation of the proposed transaction; (x) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by a variety of factors, including changes in the competitive and highly regulated industries in which Borealis operates, variations in performance across competitors and partners, changes in laws and regulations affecting Borealis’ business, the ability of Borealis and the post-combination company to retain its management and key employees and general economic and financial market trends, disruptions and risks; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction; (xii) the risk that Borealis will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xiii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations; (xiv) the risk of product liability or regulatory lawsuits or proceedings relating to Borealis’ business; (xv) the risk that Borealis is unable to secure or protect its intellectual property; (xvi) the effects of COVID-19 or other public health crises on Borealis’ business and results of operations and the global economy and geopolitical climate generally; and (xvii) costs related to the proposed transaction. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Oxus’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form S-4 and proxy statement/prospectus discussed above and other documents filed by Oxus from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially adversely from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Borealis and Oxus assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Borealis nor Oxus gives or can give any assurance that either Borealis or Oxus will achieve its expectations. No Offer or Solicitation This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Oxus or Borealis, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or exemptions therefrom. Contact Details Oxus Acquisition Corp. media@oxusacquisition.com VYOO Henry Wong henry@vyoobrand.com Company Website https://borealisfoods.ca/

February 24, 2023 05:23 PM Eastern Standard Time

Article thumbnail News Release

Unith CEO says new funds will help develop its Talking Head platform with ChatGPT features

Unith Ltd

Unith Ltd CEO Idan Schmorak tells Proactive's Stephen Gunnion the company is strongly positioned at the forefront of the conversational AI industry thanks to its unique proprietary technology. He said an upsized A$4.5 million placement, as well as a further A$500,000 share purchase plan to eligible shareholders, means the company is well funded to continue developing ChatGPT-driven conversational AI features into its Talking Head platform. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

February 24, 2023 11:18 AM Eastern Standard Time

Video
Article thumbnail News Release

Multiband Global says actions taken in 2022 have positioned the company for growth in 2023

Multiband Global

Multiband Global CEO James Frinzi joined Proactive's Steve Darling with details of the major moves the company made in 2022, including a new rebranding. The IT and network lifecycle company also launched Helios Energy Solutions which it says can deliver clean energy solutions for commercial 4G LTE and 5G networks. Frinzi also discusses MultiBank's AMPLY-5 suite of products. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

February 24, 2023 10:09 AM Eastern Standard Time

Video
Article thumbnail News Release

Nano One finishes cathode evaluation project and expands collaboration with automotive company

Nano One Materials Corp

Nano One Materials Corp CEO Dan Blondal joined Steve Darling from Proactive to share news the company has successfully completed the evaluation of cathode materials and techno-economic modeling with a global automotive manufacturer. Blondal told Proactive the program has been a big success and it has now expanded its collaboration to target performance, cost and environmental specifications. The two parties are now working on a process to move the vision of promoting waste-free high-performing cathodes in world-class cells forward. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

February 24, 2023 09:23 AM Eastern Standard Time

Video
Article thumbnail News Release

High Apparel Returns Can Have Significant Impact On The Environment, As An Estimated Five Billion Pounds End Up In Landfills; MySize (NASDAQ: MYSZ) May Have The Solution

MySize, Inc.

By Ernest Dela Aglanu, Benzinga MySize Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA), an omnichannel e-commerce platform and provider of artificial intelligence (AI)-driven measurement solutions, is systematically carving a niche for itself as a leader that believes in environmental sustainability. For over two decades, the company has been working to solve two critical problems facing the fashion retail industry — customers receiving apparel that doesn’t fit and reducing returns that sometimes end up in landfills. A survey conducted by Power Reviews revealed that clothing topped the items returned by customers who purchase online. Clothing led with 88%, shoes were at 44%, and electronics at 43% rounded off the list of the top three most returned product categories. The study further elucidated that the top three reasons people gave for returning an item were that it didn’t fit (70%), the item was damaged, or defective (65%), or the item didn’t match the description (49%). These fit-related problems are estimated to be costing retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. While it’s expected that returned apparels go back on sale, that’s unfortunately not always the case because retailers seem to spend more on assessing and repackaging them than trashing them, which may appear cheaper. Sadly, an estimated five billion pounds of returns end up in landfills, prompting experts to conclude that fashion has developed a notorious environmental footprint — accounting for up to 10% of global carbon dioxide output. There are now concerns that the fashion industry will retain its unwanted reputation as a significant contributor to climate change should marketing practices that encourage waste and fuel emissions continue to persist. While some brands like Burberry Group plc. (LON: BRBY), Nike Inc. (NYSE: NKE) and American Eagle Outfitters Inc. (NYSE: AEO) have moved toward donating and repurposing returned goods, a large number of retailers are still trashing returns. Now, concerns around environmental sustainability are influencing consumer behavior. The Capgemini Research Institute found that almost 80% of consumers are changing their shopping habits based on social responsibility and environmental impact. This is where MySize ’s sustainability-focused business practices could enhance value in the industry, especially as there is currently a global push for the reduction of waste and preservation of resources like clean air, water and wildlife for future generations. Brands are more likely to use MySize’s solutions to show their consumers that they are green. Some well-known brands have already adopted the company’s technology. On January 24, MySize revealed that Germany-based multidisciplinary fashion label Rotholz had selected and fully implemented the Naiz Fit sizing solution on its e-commerce site. A press release by the company said the selection showed how fashion could be made in harmony with nature, people, and ethics, as Rotholz works in collaboration with creatives from all over the world to bring together advanced design and production processes. “Naiz Fit is now used throughout Europe and beyond to create a superior customer experience and to support sustainable shopping. We welcome Rotholz as our latest fashion brand to adopt a MySize sizing solution, and we’re pleased to be a part of their corporate sustainability ethic,” Ronen Luzon, MySize CEO and founder, said. Spain-based Natura also fully implemented the Naiz Fit sizing solution allowing customers shopping at Natura’s online stores and its 200 physical stores throughout Spain, Portugal, Italy, and Andorra to use the Naiz Fit app to take their measurements and match their ideal fit with Natura’s apparel collections. Natura has been committed to making the world a better place with its unique and environment-friendly products, including a broad selection of apparel for women, men, and children. Through the Natura Award, the company has been creating a positive impact around the world by supporting more than 70 humanitarian aid and nature protection projects since 1994. MySize entered into an agreement with 7 For All Mankind (Brazil), a premium global clothing brand, to license its MySizeID apparel sizing solution in August last year. “7 For All Mankind’s commitment to continuous improvement to serve humanity is admirable, and MySizeID is pleased to partner with them in their mission,” Luzon said. Esber Hajli, CEO of 7 For All Mankind (Brazil), on her part, commented, “By implementing MySizeID, an innovative, market-leading sizing solution, we believe we can significantly reduce returns and its associated financial and environmental costs.” This article was originally published on Benzinga here. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends MySize's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website: www.mysizeid.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Or Kles, CFO ir@mysizeid.com Company Website https://mysizeid.com

February 24, 2023 09:15 AM Eastern Standard Time

Article thumbnail News Release

1010data In New Collaboration with Experian

1010data

NEW YORK, NY — 1010data, a leading provider of fixed income data and analytics solutions, and Experian ®, the world’s leading global information services company, are working together to offer the structured finance community access to a comprehensive anonymized consumer credit data set for fixed income and investment analytics through the 1010data Insights Platform, to better manage risk and drive stronger results. Complementing 1010data’s extensive base of Mortgage-Backed Security (MBS) and Asset-Backed Security (ABS) datasets, the relationship with Experian will add a robust, new dataset, incorporating market-leading Experian consumer credit and loan status information across tradelines to enhance consumer loan segmentation and forecasting capabilities. The addition of Experian’s high-quality dataset to 1010data's powerful analytics platform, an industry-leading solution in the fixed income sector, gives structured finance investors a major advantage in assessing risk and identifying new opportunities. Customers can now rely upon 1010data’s world-class platform to: Expand ABS data coverage to include auto, student, credit card, manufactured housing, motorcycle and other esoteric loans Measure and monitor individual asset class performance over time (including conditional prepayment risk, conditional default risk, loss severity, and liquidation timelines) to gain advantage when risk and performance changes take place Analyze across tradelines to understand debt holistically using over 20 years of persistent consumer loan history to better predict dynamic consumer debt behaviors Track Loan Modifications during repayment (including forbearance, rate and payment changes, deferrals, and extensions) to enhance modeling and analysis View borrower payment priorities to identify shifting behaviors to forecast the impact on mortgage performance Understand delinquency roll/cure rates to estimate timelines to disposition and reperforming status for credit and prepayment models “This offering further demonstrates our deep commitment both to the fixed income markets and to our relentless drive to innovate. We are delighted to work with Experian, and set the mark as being the only firm in the industry to provide such a comprehensive solution,” commented Jonah Ellin, Chief Product Officer of 1010data. “Building on our leadership in this space, our deeper relationship with Experian ensures that our customers have access to the best data and analytics solutions available. We are excited to broaden our offering as a one-stop shop for data and analytics, complementing and enhancing our Fixed Income solution.” 1010data customers will now have access to the largest analysis-ready consumer credit data solution for the fixed income market, which can stand alone or be augmented by existing loan level data for mortgage and auto, home prices and consumer credit with the Experian data set. 1010data’s enterprise analytics capabilities activate organizations to derive results immediately with a turnkey solution that requires minimal IT support and rapidly enables users to engage with critical data. 1010data provides decision science and data management solutions that empower companies to identify the insights needed to make timely and accurate business decisions. For over 20 years, we’ve provided industry-leading solutions for mortgage and asset-backed loans, as well as consumer and property-level analytics. Experience how you can "see what you need” by spotting signals amidst a vast array of market data in the fastest manner possible. To learn more, visit www.1010data.com. Contact Details MKPR Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.1010data.com

February 24, 2023 09:00 AM Eastern Standard Time

Article thumbnail News Release

5 Most Profitable Cryptocurrencies for investing in 2023

Renske Technologies

Cryptocurrencies, the strangely named digital money that are difficult for most people to pronounce, have swept the globe. Some have even achieved high levels of profitability, making the early backers wealthy enough to own their own private islands. Which, however, are the most lucrative? Everyone has a different perspective, therefore it's similar to asking what the best pizza topping is. The cryptocurrencies with a strong basis, a devoted community, and a distinct purpose are the ones that are most profitable. But be careful before you run off to spend your entire life's money in the cryptocurrency market. It can occasionally exhibit traits similar to a cat's mood changes. Hence always conduct thorough research before investing. The 5 Most Profitable Cryptocurrencies to Invest in yPredict.ai: Unlock the power of prediction. USDCoin: Safe Haven for Traders XRP: The Future of Decentralised Finance Cardano: Building a better world, decentralised Tether: More Than a Stablecoin <<<<<< Checkout yPredict.ai >>>>>> yPredict- # 1 Predictive Trading with Advanced Analytics The next-generation prediction market known as yPredict is making waves in the cryptocurrency community. Investors who are keen to invest are taking notice of their creative approach to making predictions about the future and offering the best selection of cryptocurrencies. In order to make this possible, yPredict is providing investors with an opportunity to quickly recoup their investment through a presale of 8 million tokens. At TGE, half of the tokens will be unlocked from the presale (Token Generation Event). As soon as the presale is over, investors can begin trading their tokens. At TGE, the other 50% of tokens will likewise become available, indicating a steady and regulated increase in value. They are giving early adopters the chance to join the yPredict community with their presale offering. yPredict is also featured among the top picks as the most profitable crypto list published on news direct Knowing where to begin with technical analysis can be challenging. That's where the AI-driven platform from yPredict comes in. With the help of its cutting-edge technology, yPredict can identify the finest indicators for your asset and provide you with the best information for making investment decisions. The platform is intended to make sure that the analysis is correct, current, and pertinent. <<<<<< Checkout yPredict.ai >>>>>> Crypto insights: With Technical Analysis and NLP Insight The auto indicator tool, which automatically creates technical indicators based on user-defined parameters, is one of the key features of the yPredict online platform. Trading opportunities and market trends can be promptly identified as a result. The programme uses technical analysis, together with chart patterns, as a major instrument for forecasting the movement of the cryptocurrency market. They make it possible for traders and researchers to spot recurrent forms or patterns in the price movements of a market. These patterns offer hints about market emotion and trend direction, as well as prospective buying or selling opportunities. Head and shoulders, triangles, and double bottoms are a few examples of common chart patterns. Analysts and traders can better understand market behaviour and make trading decisions by identifying and interpreting chart patterns. Another interesting tool employed by the yPredict platform is natural language processing (NLP), which has a great deal of potential for forecasting price changes in the cryptocurrency market. NLP algorithms can offer useful insights into market trends by analysing the sentiment of news articles, social media messages, and other kinds of online communication. In addition to determining the impact of external factors like regulatory changes or industry news, NLP may assist in finding and categorising linguistic patterns, such as positive or negative sentiment towards a certain cryptocurrency. How YPREDS Offers Unique Advantages The 10-100x potential refers to the possibility of the YPREDS token increasing in value by 10 to 100 times its initial value. This is based on the fact that similar projects with far inferior offerings have a much higher token market capitalization (MC) of 50-100 million at a bare minimum. In comparison, YPREDS has been designed with a much lower initial market capitalization of only 4.5 million at listing. This presents a unique opportunity for investors to potentially capitalise on the undervaluation of YPREDS compared to similar projects with inferior offerings. As the market recognizes the true potential of YPREDS, it has the potential to experience significant growth, leading to a higher token MC and increased investor returns. YPREDS token holders have the opportunity to receive up to 45% quarterly staking rewards from the 10% income-sharing pool. This is significantly higher than the industry average for staking returns, which typically range from 5-10% APY. The income-sharing pool is designed to distribute a portion of the company's revenue to its token holders, providing a unique opportunity for passive income generation. This high potential staking reward is a testament to the company's commitment to delivering value to its token holders, while also attracting new investors to the platform. With the potential for such high returns, the YPREDS token offers a compelling investment opportunity in the rapidly growing crypto space. <<<<<< Visit yPredict.ai >>>>>> USD Coin A stablecoin with a 1:1 peg to the US dollar, USD Coin (USDC) provides crypto traders with a haven during periods of market turbulence. The success of USDC has been significantly influenced by the transparency of the source of its funding, as each unit of the cryptocurrency is backed up by $1 in reserve, which is stored in a combination of short-term U.S. Treasury bonds and cash. The issuer of USDC, Circle Internet Finance LLC (Circle), announced $54.5 billion in reserves in a reserve report released in July 2022, marking a notable achievement. To establish an ecosystem where it is accepted by as many wallets, exchanges, and service providers as possible, USDC has partnered with traditional financial institutions like BlackRock and BNY Mellon for effective service providers and decentralised applications. XRP An open-source, permissionless, and decentralised system called the XRP Ledger (XRPL) was introduced in 2021. The XRP Ledger is renowned for its quick and inexpensive transaction processing, with each transaction settling in 3-5 seconds and costing about $0.0002. Transactions may be executed without experiencing a single point of failure thanks to the Federated Consensus technique used by the ledger. The XRP Ledger is also naturally green because it uses less energy and produces no carbon emissions. On the XRP website, developers may access a variety of tutorials to get started using various coding languages and creating apps. Several CeFi exchanges throughout the world list XRP. Cardano Via decentralisation, the Cardano blockchain platform seeks to build a safe, open, and equitable society. It uses a proof-of-stake consensus method, which uses less energy than Bitcoin does, and has through a thorough peer-reviewed research process to assure stability and longevity. About 100 smart contracts were deployed in the first 24 hours after the latest Alonzo hard fork added smart contract technology to the blockchain. Applications for Cardano include credential storage, supply chain tracking, and anti-counterfeiting measures. It is anticipated that the planned Vasil hard fork would bring about a number of improvements to the network's usability and scalability. Tether In light of the volatility of other digital assets, Tether (USDT) has grown in popularity among cryptocurrency investors looking for a reliable store of value. The US dollar's peg to Tether, which gives users a steady value equivalent to the most commonly used currency in the world, makes it stand apart from other cryptocurrencies. Along with its stability, Tether has become more well-known as a result of its recent entry into other regions, such Latin America, where it introduced a stablecoin backed by the Mexican peso. This action demonstrates Tether's dedication to expanding its user base and giving individuals an easy way to transact in several currencies without the use of middlemen. Furthermore, with the recent release of the Keet app, a secure and encrypted video chat platform, Tether has expanded its product line beyond stablecoins. This foray into social media demonstrates that Tether is not just interested in serving as a financial tool, but also in giving its users benefits and services outside of its main offers. Conclusion The world of cryptocurrencies is still developing quickly, with new developments and opportunities appearing daily. It's critical to keep educated and make informed investment selections based on thorough study and analysis as the market expands and becomes more mainstream. Although no one can guarantee a profit in the cryptocurrency market, there is always a chance for large returns, and with the correct strategy, investors can still make sizable gains. There is tremendous potential for growth and innovation with platforms like yPredict and cryptocurrencies like USDC, XRP, Cardano, and Tether that can influence the future of banking. With its unique, cutting-edge trading tools for technical analysis for crypto prediction, yPredict stands out among the cryptocurrencies discussed. All investors can increase their returns by doing their research, acting ethically, remaining informed, and investing sensibly. Contact Details Heisenberg Research inc Louis info@heisenbergresearch.com Company Website https://heisenbergresearch.com

February 24, 2023 08:18 AM Eastern Standard Time

1 ... 318319320321322 ... 640