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WorkHack secures seed round as it helps companies adopt generative AI capabilities into their product suite

WorkHack

OpenAI’s ChatGPT has taken the world by storm since its release in November 2022 and companies have been racing to adopt this in some shape or form in their business processes. Helping these companies embrace the opportunity, WorkHack is today announcing a $1.5M funding round to develop its AI tech layer which allows businesses to deploy safe, thoughtful, and responsible AI functions. The funding round was co-led by Together Fund along with Nexus Venture Partners, and also saw participation from The New Normal Fund led by Allison Pickens along with marquee angel investors. The founder of WorkHack, Akshat Tyagi, was an early stage user of Open AIs original GPT3 model in 2021 and has seen first-hand the development of various large language models (LLMs) since. Despite the widespread interest and adoption of the technology its direct commercial use cases are yet to go beyond copywriting and search chatbots. Moreover, LLMs remain a black box of unknowns for companies to deploy for serious business applications. In recognising the gulf between the technology and business applications, WorkHack has been building tools that allow companies to deploy safe, thoughtful and responsible AI without having to build AI models of their own. Gartner suggests that Responsible AI can enable the right outcomes by resolving dilemmas rooted in delivering value versus tolerating risks. Responsible AI is an umbrella term for aspects of making appropriate business and ethical choices when adopting AI, including business and societal value, risk, trust, transparency, fairness, bias mitigation, explainability, accountability, safety, privacy and regulatory compliance. Responsible AI will take 5 to 10 years to reach mainstream adoption but will ultimately have a transformational impact on business. Established in 2021, WorkHack began working with business in the recruitment industry building AI for interviews using GPT3. After successfully onboarding multiple large enterprise customers within a few months of going live, and realizing the opportunity was much larger than they initially anticipated, the company branched into the marketing-tech sector with use-cases for conversions, consultation journeys, cancellations, habit formation and lead qualification. Today, WorkHack is the infrastructure that provides templates of use cases for companies to build custom conversational agents and deploy them on their own delivery stacks like web, mobile and Whatsapp. WorkHack AI has already made over a million conversations towards specific goals. Gartner has reported that by 2025, 30% of outbound marketing messages from large organizations will be synthetically generated, up from less than 2% in 2022. Akshat Tyagi, founder of WorkHack commented: “ChatGPT is an exciting consumer tool to play with and there is palpable excitement among companies also, even large customer engagement platforms like Intercom, Hubspot and Salesforce have attempted to use generative AI within their current products. WorkHack answers the questions of how to make the adoption scale responsibily. We will be the stable AI layer that enterprises trust for solving their generative AI journey. Our core strength is recognising what areas of human interactions can significantly benefit from a technology that appears to be able to think and reason”. “Many companies are trying and have tried to train their own LLMs for security reasons, but more often than not these do not stand a chance against models built by larger tech companies. WorkHack will be the layer on the top of existing LLMs to make it viable for businesses to move forward with AI adoption” added Akshat Tyagi. "We are thrilled to partner with Workhack, a leading provider of generative AI solutions. As every business will need tools to control and leverage Generative AI to drive better customer engagement, we believe that Workhack is the ideal partner for the businesses to achieve that goal. Workhack's platform makes it seamless for any consumer-facing enterprise to make AI goals driven towards their sales & marketing use cases, in a predictable and secure fashion”. Says Manav Garg, Founding Partner, Together Fund and CEO, Eka “Application layer for generative AI till now has primarily aided activities like copywriting and graphic editing. WorkHack aims to build predictability and goal alignment for companies to deploy and find their own interesting use-cases of Gen AI. We are thrilled to partner with Akshat and WorkHack team to help drive the adoption of Generative AI at scale”, says Jishnu Bhattacharjee, managing director, Nexus Venture Partners. WorkHack is the first large-scale enterprise deployment of ChatGPT’s foundation technology for complex use cases. About WorkHack WorkHack is the guardrail to make ChatGPT and other Large Language Models ready to deploy for complex business outcomes. By building thoughtful, safe and controllable AI, WorkHack is building a layer that eliminates the risk and complexity of using generative AI for real-life usecases. Having processed over a million users for its customers, WorkHack is one of the first companies to deploy generative AI for large-scale enterprises. For more information please visit https://workhack.ai/ About Together Fund Together Fund is India’s first enterprise software-focused, Operator-led fund started by Girish Mathrubootham (Founder, Freshworks), Manav Garg (Founder, Eka) and Shubham Gupta (ex Matrix Partners). Together invests in Seed and Series A opportunities across AI, Devtools, Cloud Infra, Security, Horizontal & Vertical SaaS applications. With a “for-founders, by-founders” DNA, Together is joined by 150+ global founders & operators in this endeavour to help build global products from India. For more information, please visit the website or follow via Linkedin & Twitter Contact Details WorkHack Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://workhack.io/

May 15, 2023 07:00 AM Eastern Daylight Time

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NAVEX’s Jan Stappers Joins the Group of Experts on Risk Management in Regulatory Systems (GRM)

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, announces that its GRC and Whistleblowing Specialist, Jan Stappers, has joined the Group of Experts on Risk Management in Regulatory Systems (GRM), which functions within the Working Party on Regulatory Cooperation and Standardisation Policies (WP.6) of the United Nations Economic Commission for Europe (UNECE). WP.6 encourages increased regulatory coherence in specific sectors that have a critical impact on sustainable development and promotes greater resilience to natural and man-made hazards. The GRM, established in 2010, systematises and develops risk management best practice as applied to regulatory activity and international trade. It also explores how risk management can contribute to an efficient regulatory framework, improve the management of hazards that may impact the quality of products and services or cause harm to humans, the environment, property, and immaterial assets. “We are delighted to have Jan Stappers join the GRM,” said Valentin Nikonov, Co-Coordinator of the UNECE Group of Experts on Risk Management. “His commitment to European organisations in harmonising their regulatory obligations and evolving risk management best practices for the betterment of the industry, employees, and broader community makes him a perfect fit.” Stappers was acknowledged for his work on organisational whistleblowing management and engagement in developing the ISO 37002 Guidance. He joins a diverse group of experts from 13 countries, who provide perspectives from authorities, standard-setting organisations, conformity assessment bodies, universities, research institutions, and business organisations. “I look forward to working with the Group of Experts to guide risk management best practice in regulatory frameworks to safeguard our everyday lives against hazards,” said Stappers. “This will help the GRM to continue developing best practice to keep products safe, make organisations’ processes more stable, and ensure better consumer protection.” NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Anita Lo +44 7778 754858 anita.lo@navex.com Company Website https://www.navex.com

May 15, 2023 04:00 AM Eastern Daylight Time

TURING LAUNCHES TRANSFORMATIVE AI INITIATIVES TO REVOLUTIONIZE SOFTWARE DEVELOPMENT AND EMPOWER BUSINESSES WORLDWIDE

Turing

Turing, the world's leading tech services company in the cloud, powered by AI and intelligent automation, today announced the launch of transformative AI-focused initiatives that will help businesses grow and accelerate the productivity of software developers worldwide. Turing’s initiatives include: AI Advisory Services Recognizing that AI transformation is the new digital transformation, Turing has assembled an elite team of AI strategists from leading companies like Meta, Google, Microsoft, LinkedIn, Amazon, and Apple. This new service aims to assist companies in understanding and leveraging the power of generative AI and other advanced AI technologies to elevate their products and business strategies. With a firm focus on building a robust data and cloud foundation, Turing's AI Advisory Services will guide businesses in navigating their ‘GPT’ moment and beyond. AI Transformation Accelerator The AI Accelerator is a time-boxed, 4-week offering specifically designed to investigate and evaluate the potential impact of AI methodologies on organizations. Its primary objective is to assist Turing's clients in defining business problems that can be effectively addressed through AI and data-driven solutions. The program aims to establish measurable metrics for improvement, identify frameworks to define return on investment (ROI) for AI solutions, and create a comprehensive implementation roadmap. AI - Development Turing is revolutionizing the software development process by integrating GPT-powered workflows. This groundbreaking approach is designed to enhance the productivity of software engineers, product managers, and data scientists, with the goal of enabling a 100x increase in their output. Turing's clients stand to benefit significantly from faster project delivery times brought about by AI-enhanced development teams. Tech Talk Series - How to Code with an AI Copilot Turing is committed to empowering software developers and helping them thrive in this new era of AI-accelerated development. To demonstrate that commitment, the company will host a series of tech talks featuring global experts on AI-assisted development. This initiative aims to provide developers with the knowledge and tools they need to stay at the forefront of innovation. "We are very excited to announce these initiatives, which underscore our commitment to harnessing the transformative power of AI," said Jonathan Siddharth, CEO and Co-Founder of Turing. "We are dedicated to empowering businesses and developers with the tools they need to thrive in this rapidly evolving landscape, and we firmly believe that these offerings will revolutionize the way we approach software development." To learn more about Turing’s new AI offerings, please visit here. About Turing Turing is the world's leading AI-powered tech services company in the cloud. With over two million deeply vetted developers, Turing helps more than 400 companies across a broad range of industries build innovative, game-changing products. Turing's mission is to use AI to unleash the world's untapped human potential. The company has received numerous awards, including Forbes 2022 “One of America’s Best Startup Employers,” The Information’s “Most Promising B2B Startup,” and Fast Company’s Annual List of the World’s Most Innovative Companies. Turing has raised more than $140 Million from investors, including WestBridge Capital, Foundation Capital, Founders Fund, Lightspeed Scout Fund, Stanford StartX and executives from Google, Facebook, Microsoft, and Amazon. Turing most recently raised on a $4 Billion valuation cap note. For more information, please visit www.turing.com. Contact Details Turing John Ordoña +1 914-217-3811 turing@n6a.com

May 12, 2023 01:00 PM Eastern Daylight Time

ARway.ai says sales pipeline tops $1.4M in potential contracts ahead of Apple AR/VR headset launch

ARway

ARWAY.ai CEO Evan Gappelberg tells Proactive's Stephen Gunnion the company's sales pipeline has topped $1.4 million in potential contracts, with the trend likely to continue. He also anticipates an acceleration of demand for the artificial intelligence (AI)-powered augmented reality (AR) experience platform as Apple launches its widely expected AR/VR headset this summer. The company is bullish about the potential for its technology and aims to hit a $10 million pipeline by the end of the year with more deals expected to be announced in the short term, he said. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 12, 2023 11:36 AM Eastern Daylight Time

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Nextech3D.AI expands 3D modeling service with Vornado Air with granting of Amazon 'early access'

Nextech3D.AI

Nextech3D.AI CEO Evan Gappelberg tells Proactive's Stephen Gunnion that the company has signed an expansion contract for its 3D modeling service with fan company Vornado Air to bring 3D models onto the Amazon Prime marketplace through the company's 'early access' program. Gappelberg said Nextech is already approved as a preferred 3D model supplier for Amazon and the granting of the early access means it is able to bring its customers outside of Amazon's ecosystem to the platform. He said the company is scaling its AI technology to produce an unlimited number of 3D models to meet the growing demand. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 12, 2023 11:12 AM Eastern Daylight Time

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PrimeXBT: A revolutionary crypto futures platform

Benzinga

In a world where cryptocurrency trading is becoming more prevalent, there is a need for a platform that caters to traders who want to take advantage of the volatility of cryptocurrencies. PrimeXBT is a platform that offers users access to a wide range of cryptocurrencies, traditional asset CFDs, copy trading, contests, and an extensive trading academy. This review will explain why PrimeXBT is a revolutionary crypto futures platform. Advanced trading tools and a user-friendly interface PrimeXBT offers a highly intuitive and user-friendly interface designed to cater to novice and experienced traders. The platform provides a high degree of customization, allowing users to tailor the platform to their specific needs. This includes the ability to customize the trading interface's layout and choose from various technical analysis tools. The platform's user interface is easy to navigate, and traders can choose from a wide range of order types, including limit, market, and stop orders. The platform also offers advanced charting tools, customizable workspaces, and a variety of technical indicators, making it an excellent choice for both novice and experienced traders. Unmatched selection of cryptocurrencies One of the standout features of PrimeXBT is its unmatched selection of cryptocurrencies. Traders can trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins. The platform continually adds new assets based on market demand and trends, providing traders with diverse trading opportunities. In addition to cryptocurrencies, PrimeXBT also offers traditional asset CFDs, including forex, commodities, and stock indices. This includes gold, oil, the S&P 500, and, more recently, PrimeXBT added base industrial metals like copper and lead. The platform provides traders with greater flexibility and convenience, allowing them to diversify their portfolios and take positions in multiple financial markets, all in one place. Leverage and margin trading Leverage enables traders to open significant positions with much smaller amounts of capital than what would typically be allowed. PrimeXBT offers both cross and isolated-margin trading across a simple sliding system, allowing traders to adjust risk based on market conditions, available margin, and other factors. The platform's order placement system makes it clear how much margin impact each trade will have, as well as how much margin will be left available and at what price the position will be liquidated. Up to 200x leverage is offered for crypto and up to 1000x for traditional assets. Competitive trading fees and funding rates PrimeXBT charges competitive trading fees for cryptocurrency futures contracts, with most pairs incurring a fee of 0.05%. Additionally, traders must pay a funding rate every 24 hours, which varies depending on the trading pair. The funding rate for most pairs is 0.0694%, while for BTC/USD and ETH/USD, it's 0.0389%. These rates are subject to change based on market conditions and serve as a mechanism to balance long and short positions in the market. Traders should consider these fees and funding rates to ensure profitability when developing their trading strategies. However, it is worth noting that PrimeXBT's fees are highly competitive compared to other leading cryptocurrency futures trading platforms. In fact, PrimeXBT currently charges no fees on most traditional assets. Copy trading, trading academy, and contests Copy trading is an increasingly popular trading strategy that enables traders to follow and copy the trades of top-performing users on the platform. PrimeXBT offers a copy trading feature that allows traders to do just that, making learning from successful traders and diversifying their trading portfolios easier. With PrimeXBT copy trading, traders can browse through a list of top-performing traders on the platform and see their performance over time. Once a trader has identified a top-performing user to follow, they can easily copy their trades with just a few clicks. PrimeXBT contests offer weekly trading competitions for traders to showcase their skills and compete for crypto-based prizes. The contests feature a variety of assets, including cryptocurrencies, forex, and commodities, and winners are determined based on the highest returns at the end of the competition or other unique factors. The platform's risk-free demo funds offered also allow traders to practice their strategies and test their trading abilities against other traders. PrimeXBT contests provide traders a fun and exciting way to improve their trading skills while competing for valuable prizes. Another aspect of the platform that sets it apart from its competitors is the PrimeXBT Trading Academy. The Academy offers a comprehensive educational program to help traders develop their skills and strategies. The program includes articles, tutorials, videos, and webinars on a variety of topics, including technical analysis, risk management, and trading psychology. The Academy is accessible to all traders, from beginners to advanced, and is a valuable resource for anyone looking to improve their trading skills. PrimeXBT mobile app and customer support The platform also offers a mobile app for iOS and Android, making trading on the go simple and convenient. With the app, users can manage their trades, view real-time market data, and make deposits or withdrawals with ease. Also available via the website or mobile app, PrimeXBT's customer support team is highly responsive and provides assistance through live chat, email, and an extensive knowledge base. The company is committed to ensuring the security of its platform and user funds. It employs industry-standard security measures, including cold storage of user funds, two-factor authentication (2FA) for account access, and encrypted data storage. Most user funds are kept offline in cold storage wallets protected by multi-signature technology and only accessible by authorized personnel. PrimeXBT futures summary PrimeXBT is a revolutionary crypto futures platform that offers traders a wide range of features and benefits. Its competitive trading fees, diverse selection of cryptocurrencies, traditional asset CFDs, high-leverage trading opportunities, and strict security measures make it an excellent choice for anyone looking to trade cryptocurrency. For those considering trading on PrimeXBT, there is an attractive promotional offer to take advantage of. Upon depositing more than $500, you can claim a bonus of $100 within 48 hours of registering an account. Deposits can be made in various popular cryptocurrencies such as BTC, ETH, USDT, and USDC, as well as fiat currencies like USD and EUR. No minimum deposit is required, and users can even purchase crypto directly from the platform. This deposit bonus is just one of the many benefits that PrimeXBT offers to its users. Interested in learning more? Check out Benzinga’s PrimeXBT Review! This content contains sponsored advertising content and 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

May 12, 2023 11:00 AM Eastern Daylight Time

Artificial Intelligence and the Future of Work: Preparing the Workforce for an AI-Driven Economy

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/dF-Ro-2ZuM4 Over the next 10 to 20 years, virtually every business and government agency will use Artificial Intelligence. This will have a profound impact on society, the economy, and national security. ChatGPT and autonomous vehicles are two examples of the various applications of AI that demonstrate the ability these technologies have to fundamentally transform how Americans live and work. The U.S. Chamber of Commerce’s Commission on Artificial Intelligence Competition, Inclusion, and Innovation recently released a report outlining recommendations for how to address key risks associated with AI, while maximizing the technology’s enormous potential benefits. The report recommends that policymakers must address regulations, workforce preparation and education, global competitiveness—especially pertaining to intellectual property—and national security protections. The U.S. should not pause the development of AI, but rather take the necessary action to ensure we have trustworthy AI and maintain a competitive position in the global economy. Jordan Crenshaw, Senior Vice President of the Chamber’s Technology Engagement Center conducted a nationwide media tour discussing the report and the state of Artificial Intelligence and the Future of Work. Topics that Jordan discussed included: How widespread will the use of artificial intelligence be in the coming years. How to get the U.S. workforce ready and ways to help businesses hire people. Ways the U.S. can stay competitive. Concerns about regulating artificial intelligence. Should there be a pause on development? For more information visit: www.uschamber.com/aicommission Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 12, 2023 11:00 AM Eastern Daylight Time

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Benzinga Sits Down With The Founder Of One Of The World’s Fastest Growing Brokerages To Discuss Company’s Vision, Roadblocks, Milestones Hit And Outlook

Moneta Markets

By Jad Malaeb, Benzinga Benzinga spoke with David Bily, the Founder and CEO of Moneta Markets, to get behind the story of one of the world’s fastest-growing brokerages. After over a decade within the finance sector, Bily found that most brokerages had become too bureaucratic to meet the needs of traders. Below, he tells Benzinga how it all started. Q: Where did the idea for Moneta come from? A: ”In an industry where there are several giants who have resisted evolving with technology and customer demand, I wanted to make superior trading technologies accessible to more people and help them achieve their financial goals with confidence. This requires agility, which older and more established incumbents lack due to the many layers of red tape. It's this ‘red tape’ that presented a significant gap in the market and hence an opportunity for me to build a broker from the ground up that can rapidly respond to an ever-evolving industry and clients' ongoing requirements. Moneta shuns legacy technology and dated industry standards.” Q: How did the vision for Moneta change as the industry grew? A: “I had initially envisioned Moneta Markets as a pure web-based brokerage. The plan was to create an all-in-one trading platform, client portal, and onboarding package so users could access global markets with ease. However, as the business grew, so did the demand from clients for access to MT4 and MT5. While it was quite a surprise, it was evident that the Metaquotes platforms aren't going away anytime soon, so it was vital to cater to this demand. Our vision for Moneta Markets is constantly evolving to focus on things like new technological innovations and how we can improve customer-centricity on an ongoing basis. We realized that to stay competitive and continue providing value to our clients, we needed to constantly improve our technology and services. We also became more committed to educating our clients about trading and investing, helping them make informed decisions based on their own goals and risk tolerance.” Q: What differentiates Moneta from other brokerages? A: “First, we are responsive to the needs and feedback of our network of clients and partners. A lot of effort also goes into the way we communicate with our clients. As a global brand, it's important for Moneta to communicate with clients in their language. Our website, emails, and 24/7 customer service are available in the primary languages of the regions that we operate in. Our effort to incorporate multiple languages into our customer service experience has been a key contributor to creating brand loyalty. Second, we dedicate our resources to improving what we offer, such as adding products to trade and reducing costs by cutting our spreads and commissions. For example, we have recently removed all commissions on our range of US Share CFDs. Third, we offer some of the highest-quality infrastructure and technology for traders. A robust infrastructure behind the scenes delivers true value to clients, so we dedicate resources to ensure we can provide the best prices and lowest latency to clients. We achieve this by setting up data centers and trade servers in strategic locations, using top-tier liquidity providers, and improving the way liquidity providers communicate with platforms.” Q: Have you faced any unexpected speedbumps as the brand’s founder? A: “It's an ongoing process to optimize and keep improving our platforms, which is not without its difficulties, but we have a great team dedicated to ensuring that we are at the forefront. Our increasing client base solidifies that we are delivering value through technology, and I want that to continue well into the future. Another more recent issue was when MetaQuotes, for whatever reason, pulled their MT4 and MT5 apps from the Apple App Store. In a world where people are always on the go, access to a portable trading solution is imperative, and MetaQuotes' removal from the App Store essentially pulled the rug out from under our feet at the time. However, it also provided the catalyst to bring forward the development of our own trading app, which in turn was a blessing in disguise. While the MT4 and MT5 apps are now back on the App Store, I believe launching our new AppTrader will set a new standard for mobile trading.” Q: How has the company grown since its inception? A: “While there was some initial trial and error, we have really started to gain traction in the industry. In fact, we recently hit a major milestone reaching and surpassing 100 employees with offices around the world, putting us at the medium-sized enterprise level, which is something I’m very proud to have achieved in such a short period of time. Moneta Markets has also experienced strong growth in user numbers and trading volume recently. We've expanded our offerings to include new products, and robust trading platforms, in fact, our web-based Pro Trader platform now integrates seamlessly with both MT4 and MT5, and we are constantly striving to improve our trading conditions. We have recently deployed several new Data Centres in key locations worldwide, upgraded our MetaTrader 4 servers, and are in the process of launching a new MetaTrader 5 server. We put a lot of emphasis on partnering with the right people and companies, who are instrumental in supporting our growth. Our customer satisfaction ratings have also remained consistently high, which we believe is a testament to our commitment to quality service and the key to building a trusted reputation.” Q: What do the next 12-24 months look like for Moneta Markets? A: “We see the Middle Eastern region as a key market for future growth, so we are in the process of setting up an office in Dubai, which is expected to be ready within the next month or two. We have also been experiencing strong growth in the Latin American regions, and are setting up multiple offices there within the next quarter, too. In the next 12-24 months, we plan to continue expanding our product offerings and investing in our technology to improve the trading experience for our clients. We are excited about the launch of AppTrader, our custom-built mobile trading app, which should be on the market within the next couple of weeks. It’s been a huge project for us, but we have a fantastic team of UX professionals and developers who have worked tirelessly to assemble what we think will be a new benchmark for mobile trading. We are also in the process of rolling out our education portal which features a library of how-tos, financial news, live educational sessions, and more, to empower traders to make better decisions and improve their trading outcomes. We will continue to work around the clock to do what it takes to capture market share, with the ultimate goal of building Moneta into a brand with an industry-wide reputation for excellence.” Check out Moneta Markets to learn how this rising brokerage could serve trading needs. Moneta Markets offers its clients a wide range of trading options, including over 1000 Forex pairs, Indices, Commodities, Share CFDs, ETFs, Bonds, and Crypto CFDs, all of which can be traded on the powerful MT4, MT5, and the next-generation PRO Trader platforms, across both STP and ECN accounts. All Moneta Markets’ clients can enjoy up to 1000:1 leverage and some of the industry's lowest spreads, starting from 0.0 pips on their Prime ECN and Ultra ECN trading accounts. With multiple licenses, a broad selection of trading products and platforms, and numerous educational resources and trading tools, Moneta Markets is highly recommended for traders of all levels, from novice traders to professional traders and money managers. Contact Details Moneta Markets partnerships@monetamarkets.com

May 12, 2023 09:15 AM Eastern Daylight Time

President Biden Issues First Veto – Stay Ahead Of The News With FiscalNote (NYSE: NOTE)

Benzinga

By Jad Malaeb, Benzinga President Biden issued his first veto in office. House Republicans are pressing a new energy bill, dubbed H.R.1, that would “expedite energy products, eliminate or reduce certain fees related to the development of federal energy sources and eliminate certain funds that provide incentives to decrease emissions of greenhouse gases.” In short, the Lower Cost Energy Act (i.e. H.R.1) is a plea for looser restrictions on greenhouse-producing energy products and activities like oil drilling and exploration. Even though the bill was a long way from reaching the Presidential desk, the White House made its stance clear. In a statement issued on Mar. 27th, the White House said: “If presented to the President in its current form, he would veto it.” - which they did. The White House noted that H.R. 1 would replace “pro-consumer policies with a thinly veiled license to pollute” and “raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies.” Legislation And Regulation Tracking Technology Through FiscalNote Bills with a monumental impact on the future of the nation are discussed on a continuous basis by the U.S. government. These bills can also have major implications for financial markets. President Biden’s Infrastructure Act, for example, is heavily linked to the rise in the stock prices of companies like Caterpillar (NYSE: CAT) and Applied Material Inc. (NASDAQ: AMAT) in anticipation of the Act taking effect. Individually keeping track of each bill, however, is a nearly impossible task without the help of specialized software. This is where FiscalNote Holdings Inc. (NYSE: NOTE) comes in. As a technology company specializing in the analysis and tracking of legislation and regulations in the U.S. and abroad, the company can be an investor, trader or any other citizen’s preferred destination when organizing and tracking major changes in government. Find, Track And Plan For Government Policies With CQ Federal CQ Federal is a FiscalNote platform offering real-time updates on legislative and regulatory developments. It alerts users to important policy changes and provides deep archives of legislative information. With CQ Federal, government affairs professionals can stay up-to-date with policy changes and take quick and effective action. One of the standout features of CQ Federal is its exclusive access to House Action Reports. These reports provide forward-looking summaries and analyses of every bill set for debate, anticipated amendments, fact sheets of major legislation and summaries of all bill changes made in the conference. Additionally, CQ Federal provides live and archived videos of everything that happens on the floor of the House and Senate, searchable by keyword, chamber, speaker and date. The closed captions act as unofficial transcripts and are available in real-time. CQ Federal's platform also offers custom reports and analyses to help organizations make informed decisions. The company's unmatched breadth and depth of federal data enables government relations professionals to know more and get more done. CQ Federal's advanced alert tools ensure users get everything they need and nothing they don't, filtering out the noise from the thousands of documents and updates produced by the US government. CQ Federal provides government affairs professionals with the most comprehensive set of data around federal legislation available. It is a valuable resource for any organization looking to stay informed and up-to-date with policy changes and take effective action. Check out the platform here. This post contains sponsored advertising 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

May 12, 2023 09:15 AM Eastern Daylight Time

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