NewzIntel.com

Category: Machine Learning

  • MIL-OSI USA: Chairman Aguilar: Only Democrats want to make health care more accessible and more affordable

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – May 20, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu were joined by Representatives Kim Schrier, M.D. and Shontel Brown for a press conference about the Republican Budget, which kicks millions of Americans off their health insurance and prevents families from meeting their basic needs. 

    CHAIRMAN AGUILAR: I’m grateful to be joined by Vice Chair Lieu and Dr. Schrier and Representative Brown for joining us here today to talk about the importance of protecting health care and nutrition across this country.

    I want to begin by offering our condolences to the victims of deadly storms in Missouri and Kentucky. We also want to send President Biden and his family our support as they grapple with the former President’s cancer diagnosis. We know that Joe Biden will approach this fight with the same grace that he’s shown throughout his life. We also know that Joe Biden would be the first to say that every American deserves the same level of health care that he is being provided.

    That’s why House Democrats are fighting to protect health care that Donald Trump and House Republicans are attacking. In the dead of night, House Republicans are working to ram through their agenda to kick millions of Americans off of health insurance and to take food assistance from families who need it most. As grocery prices rise, they’re going to take food out of the mouths of mothers, children and veterans, while making health care even more expensive—just for the single purpose of providing more tax cuts for billionaires and corporations who continue to make record profits. Remember: the Republican Budget doesn’t make Medicaid or SNAP more efficient or more fair. All this bill does is ensure that billionaires—who have never had to worry about a hospital bill or putting food on the table—can continue to pay less in taxes than teachers, firefighters and nurses. 

    Only Democrats want to make health care more accessible and more affordable for everyone. Republicans are hellbent on driving up costs for health insurance and ending basic needs programs. They are willing to inflict pain on millions of Americans just to make their campaign donors happy. That. Is. Wrong. And we will continue to fight back at every step for the American people so they can have the peace of mind of a good-paying job with good benefits. 

    Next, I’ll turn it over to Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar, and honored to be joined today by Congressmembers Kim Schrier and Shontel Brown. First, I’d like to talk about the charges against Congresswoman LaMonica McIver. Those charges are baseless and politically motivated. Three reasons why: First, Congresswoman McIver had a statutory authority to be at that detention center; she was conducting her oversight duties. Second, if what she did was purportedly so awful that it results in criminal charges, how is it possible they literally gave her a tour of the facility? Afterwards, they escorted her around and gave her a tour of that facility while she was conducting oversight. And third, she was trying to prevent the unlawful arrest of the Mayor of Newark. And guess what? She was right. Because the Trump Justice Department dropped all charges against the Mayor of Newark. So, we asked them to also drop charges against LaMonica. This is a baseless, politically motivated distraction.

    And what are they distracting us from? This big, ugly bill that they’re going to have a meeting on at 1 a.m. in the morning. I mean, who does that, right? You do that because you don’t want the American public to know what’s in your big, ugly bill. But we know what’s in it. It has the largest cut to health care in U.S. history, about a trillion dollars. And then also, it’s going to kick off approximately 14 million people off health care. And why are they doing this? To impose the largest tax cut for billionaires in U.S. history. So that’s basically what this big, ugly bill does. And they’re trying to move it through in the dead of night at 1 a.m. We asked the Republicans to listen to the American people and work on what Democrats are trying to work on, which is lowering the cost of rent and groceries and consumer products. That’s what we should be focused on. And it’s now my honor to introduce the great Representative from the State of Washington, Dr. Kim Schrier. 

    REP. SCHRIER: Well, thank you, Vice Chair Lieu. It’s really an honor to be here, but the reason is outrageous, and I want to express that outrage on behalf of my constituents. That the Republicans at this moment are attempting to make the largest cut ever in Medicaid, and the largest cut ever in SNAP, that would be $715 billion out of Medicaid, which would kick 13.7 million Americans off of their health insurance. And let me just reiterate, why are they doing this? They are doing this to pay for a tax cut for the wealthiest Americans, like Elon Musk. It is morally bankrupt and it is fiscally, incredibly irresponsible. We just spent 26 and a half hours in the Energy and Commerce Committee last week, spending the vast majority of that time—and by the way, starting at about two o’clock in the morning—talking about these cuts to Medicaid and how they would devastate our constituents and also the broader health care system.

    I want to be clear, one out of three Washingtonians depend on Medicaid. Most of them don’t even know they’re on Medicaid, because we call it Apple Health, and I’m trying to make that point so that people understand how this impacts them personally. So I think about, as a pediatrician, I think about my patients on Medicaid or on Apple Health who will no longer be able to come to their pediatrician’s office for screenings, for a simple cold, for a cough and get treated in a half hour. Now they’re going to go to the emergency room, the most expensive place to get care. They’re going to drive up costs: that cost will be provided for free, and then everybody pays. And I think then about my patients who are not on Medicaid, because they’re going to be waiting longer in the emergency room, they’re going to be paying more. Premiums are going to go up if we want to keep these hospitals and emergency rooms open. And that brings us to other parts of my district, the rural areas, where hospitals may close because they depend so heavily on Medicaid and Medicare. 

    I want to tell you a quick story of a little four-year-old girl named Ila in my district. She is the outcome of a normal, uneventful pregnancy. She was lucky enough to go to our rural hospital called Kittitas Valley Healthcare, and they have a labor and delivery department. She was delivered. There were major complications. She almost died, but they had the staff and the expertise to rescue her, to stabilize her and to Life Flight her to Seattle Children’s. And then I have been reflecting, as have her parents, who are insured, about what would have happened had Medicaid been cut, had labor and delivery there been cut, had she not had that opportunity for rescue and for transport to save her life, and we all know what the answer would have been. I’ve been in hundreds of deliveries. Some go well, some don’t, and you don’t always know until that moment. So I want to emphasize, Medicaid is part of the three-legged stool that is our health care system. If Medicaid is cut in this dramatic way, that stool will fall. It’ll mean hospital closures, higher rates for all of us, emergency room long waits, a sicker community and a poorer community and it is reckless and morally reprehensible. So at this point, I’m going to turn this over to Representative Shontel Brown from Ohio to talk about the terrible cuts that they are doing to food benefits, also for our most vulnerable populations. Thank you. 

    REP. BROWN: Thank you, doctor. Good morning, everyone. I’m Congresswoman Shontel Brown, Vice Ranking Member of the House Agriculture Committee and representing Ohio’s 11th Congressional District. I’m honored to be here along with Chair Aguilar, Vice Chair Lieu and Congresswoman Schrier. Last week, we saw this legislation up close in the Agriculture Committee, and Ranking Member Craig and my Democratic colleagues on Agriculture fought this legislation for two days. I didn’t just read the bill, I felt it. I felt the cruelty. I felt the callousness. And let me tell you, I was angry. I am still angry. $300 billion in cuts. Let me repeat that: $300 billion in cruel, calculated cuts to nutrition programs. And on top of that, onerous new restrictions and requirements that are designed to deny people the help they need. If this bill passes, millions—yes, millions—of Americans are going to lose nutrition benefits they desperately need. And for what? The biggest cut to food assistance in history, just to hand millionaires a $68,000 tax break, and the top .1 percent a staggering $300,000?

    Let me tell you what this means for my community. One in five. One in five households in my district in Northeast Ohio rely on SNAP. That’s not some statistic from somewhere. That’s my neighbors, that’s my family. Those are my church members. It is me. Because growing up, I was one of those households. And the issue of work requirements really hits home for me, literally. I had epilepsy growing up. I had petit mal seizures and my mother—my strong, brave, exhausted mother—couldn’t work, not because she didn’t want to, but because she couldn’t leave her child who might collapse at any moment. My mom didn’t want to be on food stamps. No parent wants that, but we needed it. And this bill, this bill, would have denied us that lifeline. We’re taking assistance away from people that need it to give those resources to people that don’t.

    Make no mistake, this is not fiscal responsibility. This is not belt-tightening. This is a giveaway. People who rely on SNAP, they’re not leading easy lives. They’re caregivers. They have people at home with disabilities and serious illnesses, children. And these folks are not hard to find. I had one woman contact me, Cheryl from Cleveland Heights. She’s retired. Her husband is disabled. Her father is 92 years old and he’s disabled. She worked in advertising for 25 years. Now, she’s got a house full of people to take care of, and they rely on SNAP. This bill punishes Cheryl and people like her. It takes away the basic benefits they need to survive, all to pay for tax cuts for the wealthiest among us. And make no mistake, this bill will make us sicker. This bill will make us poorer. This bill will make us weaker. So it is my privilege to stand here with my colleagues and fight this bill. We cannot let this pass. 
     

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News –

  • MIL-OSI Europe: Briefing – Military drone systems in the EU and global context: Types, capabilities and regulatory frameworks – 27-05-2025

    Source: European Parliament

    Military drones have become a defining feature of modern warfare, as seen in Ukraine where they have caused more casualties than any other weapon. Their widespread use spans reconnaissance, strikes, logistics and naval operations, with both state and non-state players increasingly relying on unmanned systems. The European Union (EU) has prioritised drone development and countermeasures, funding and coordinating research and capability development through the European Defence Fund and Permanent Structured Cooperation. EU leaders have committed to strengthening the defence industry and made major investments in drone production, innovation, and interoperability. The EU is also fostering synergies between the civilian and the defence sectors, addressing strategic dependencies and collaborating with NATO. Furthermore, the European Defence Agency is advancing unmanned aerial system technology through joint projects and its innovation hub. Meanwhile, drone regulation remains fragmented: civilian drones are subject to comprehensive EU rules, while military drone use falls under international law. Legal concerns persist, especially regarding proportionality, accountability and lethal autonomous weapons (LAWS). The European Parliament has called for transparency, adherence to international law and a ban on LAWS, while supporting defence innovation and proposing an EU drone package to stimulate joint procurement and industry participation, particularly from Ukraine. EU lawmakers continue to stress the need for ethical guardrails, robust export controls and a coherent regulatory framework that balances innovation with international legal obligations. The Parliament also emphasises the importance of meaningful human control over all lethal decisions and insists that military artificial intelligence include strong accountability mechanisms.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – USAID funding for projects that have shaped political developments in Europe – E-000749/2025(ASW)

    Source: European Parliament

    The Commission has taken note of the executive orders of the Trump administration to terminate 83% of United States Agency for International Development (USAID) programmes.

    The impact will be immediate and felt globally with wide ranging consequences on people’s lives and on global stability and security.

    The EU continues monitoring and assessing the overall impact and possible areas where intervention may be needed, with particular emphasis on key EU interests and life-saving humanitarian assistance.

    Together with Member States, the EU already provides 42% of development aid and 28% of humanitarian aid globally and remains fully committed to the affected regions. However, the EU will not be able to fill in the gap left by the United States’ decision.

    It is not common practice for the EU to co-finance actions together with USAID. However, the EU has engaged in regular exchange of information and coordination at local level, notably through donor coordination frameworks in areas of common interest (support to democracy, civil society, media, etc.) in the Western Balkans.

    With regards to the impact of USAID funding to Cyprus[1], the USAID programme was the main assistance provided for bicommunal activities until 2006 when the EU Aid Programme for the Turkish Cypriot community[2] was launched and USAID withdrew.

    The Commission did not formally evaluate USAID funding to Cyprus.

    • [1] Among other things, USAID helped civil society organisations from both communities cooperate (until 2003, there were no crossing points in Cyprus), supported bicommunal activities, restored buildings in old Nicosia and formalised the bicommunal Nicosia Master Plan for the divided city, which the two Cypriot leaders had developed.
    • [2] Council Regulation (EC) No 389/2006 of 27 February 2006.
    Last updated: 27 May 2025

    MIL OSI Europe News –

  • MIL-OSI United Nations: GAR 2025 Hazard explorations: Droughts

    Source: UNISDR Disaster Risk Reduction

    Droughts often unfold slowly, but with far-reaching impacts on agriculture, water supplies, and economic stability.

    Like floods, droughts are also widespread and affect countries in every region of the world. In the decade to 2017, drought affected at least 1.5 billion people and cost USD 125 billion globally. The number of recorded droughts has increased by 29 per cent over the past 20 years. Since 2000, most drought-related deaths have occurred in Africa. Droughts often have a range of indirect impacts such as increased water scarcity, with significant direct and indirect impacts on human and planetary wellbeing. 

    These impacts are especially acute for marginalized groups, including children. As of 2025, over 920 million children (over one-third of the global child population) were highly exposed to water scarcity, which in turn impacts on their nutritional access. Africa and Asia demonstrate the most severe extremes. Children who lack adequate nutrition are more susceptible to severe diseases, impairing physical and cognitive development and are more susceptible to conditions such as stunting and wasting.

    Drought

    A drought is a period of abnormally dry weather characterized by a prolonged deficiency of precipitation below a certain threshold over a large area and a period longer than a month (WMO, 2020).

    Impact of water scarcity on child nutrition

    Source: UNICEF 2021

    Water scarcity in many parts of the world is also associated with a decrease in women’s well-being. For instance, daily average water collection time for women in households without on-site water access at the local level across Africa can exceed 60 minutes in parts of Ethiopia, Tanzania and Uganda. These countries also report very low rates of access to safe drinking water services, with just 10-20% of the total population covered. Rising temperatures are expected to further exacerbate this global burden of water collection. However, the impacts of water scarcity can be significantly reduced by disaster risk reduction action, investments that also deliver a range of additional benefits.

    Agriculture is the most vulnerable economic sector to adverse climate impacts.  Some 82% of all damage and loss caused by drought was borne by agriculture in low- and lower-middle-income countries between 2008 and 2018. Meteorological drought does not always lead to agricultural drought, which depends on factors like the timing and amount of rainfall during the crop season, and how well the soil retains water. Drought causes short- and medium-term water shortages to livestock and crops (including fodder), potentially lowering yields and ultimately threatening food security. In the case of prolonged or recurring droughts, longer-term impacts can transpire, such as land subsidence and seawater intrusion along river systems with reduced water flow.  

    Based on historical data, recent estimates suggest that their impacts cost approximately USD 307 billion annually. These losses however, as estimated by the United Nations Convention to Combat Desertification (UNCCD), are not confined solely to direct damage in affected sectors but also encompass indirect, long-term costs that ripple through the economy, such as loss of livelihoods and land degradation.

    Remarkably, despite their significant and growing impacts, and studies that have provided estimates for specific sectors, but a robust, cross-sectoral AAL estimate for drought and extreme heat is still missing. For instance, recent research by UNCDD on droughts highlights how they weaken agricultural production, reduce water availability and compromise the resilience of natural ecosystems, thereby affecting the livelihood of more than 1.8 billion people annually. Initial work has been done by CDRI to estimate the AAL of drought on the hydro-power sector, suggesting that roughly 12.9% of average hydropower production (the equivalent of 135.3 TWh/h of electricity) was impacted. Being able to have similar estimates for other drought sensitive sectors would help countries to design better risk reduction policies and investments.

    Future Drought risk

    Drought risk continues to intensify in many parts of the world, driven by climate change, water scarcity, poor resource management and unsustainable land use. According to forecasts, by 2050 droughts may affect over three-quarters of the world’s population. Human activity is also contributing to the increasing frequency of drought and has knock-on direct impacts on food security and human wellbeing. Assessing the current economic impact of drought, let alone its potential effects in future, is not easy given that so many of its impacts are indirect, and even the start and end dates of drought events are not always clear. However, at present drought-induced losses are estimated to cost approximately USD 307 billion each year, representing 15% of disaster-related economic losses globally, and are responsible for 85.8% of livestock deaths.

    Nevertheless, there is promising work underway to improve risk analysis, using advanced modelling and the deployment of machine learning. The 2024 Drought Resilience +10 Conference (DR+10) affirmed joint efforts to strengthen drought resilience through integrated drought management and other proven approaches. However, more is needed to strengthen international collaboration around the drivers of globally networked risks – for instance, the trade and food security impacts from droughts in different parts of the world) – across regions, nations, sectors and communities.

    For the big five major hazard groups (earthquakes, floods, storms, drought and heat) the recorded direct economic costs came to over USD 195.7 billion in 2023, constituting 0.015% of global GDP that year.

    Hazard: Earthquakes

    Earthquakes account for over a quarter (25.6%) of global economic disaster losses.

    Hazard: Floods

    Recent data suggests that floods account for up to 35–40% of weather-related disaster occurrences.

    Hazard: Storms

    In some regions, storms account for up to 35% of total recorded disaster costs, driven by high winds, storm surges, and heavy rainfall.

    Hazard: Droughts

    Droughts often unfold slowly, but with far-reaching impacts on agriculture, water supplies, and economic stability.

    Hazard: Extreme heat

    In recent years, extreme heat has become the leading cause of reported weather-related deaths

    .

    GAR 2025 report

    As climate change continues to escalate, the number of recorded disasters and their associated costs rise correspondingly.

    MIL OSI United Nations News –

  • MIL-OSI USA: Career Spotlight: Mathematician (Ages 14-18)

    Source: NASA

    Mathematicians use their expert knowledge of math to solve problems and gain new understanding about how our world works. They analyze data and create mathematical models to predict results based on changes in variables. Many different fields rely heavily on math, such as engineering, finance, and the sciences.
    Using math to solve real-world problems is called “applied math.” This is different from “abstract math,” which refers to the study of the structure of mathematics.
    At NASA, applied math enables new discoveries in space science, astronomy, and aeronautics. For example, professionals might use math techniques to calculate the mass or thrust capability of rockets. Others might work to analyze calorie and food consumption rates aboard the International Space Station. Math is also central to physics and astronomy roles.

    Astronomer: Uses skills in advanced math and physics, computer programming, and more to learn about the universe.

    Mathematical modeler: Uses math to create models that help explain or predict how processes behave over time.

    Electrical engineer: Relies on trigonometry, calculus, and other math skills to design, test, and operate electrical systems.

    Data analyst: Uses skills such as algebra and statistics to find meaningful patterns in data.

    Computer scientist: Writes code that involves math, programming, data processing, and the use of special software for complex operations.

    If you have an affinity for math, high school is a good time to grow those skills. Taking challenging math courses will help build a strong foundation. Participating in extracurricular activities that use math, such as robotics teams or engineering clubs, will also provide helpful opportunities to apply and hone your skills.
    Careers in applied math vary widely. The type of math skills you’ll need depends on which career you’re interested in – such as astronomer or engineer – and what mathematical tools you’ll need in that job. Students may pursue a degree in applied mathematics or in their chosen field, knowing they will need to take math courses. Current job openings, guidance counselors, and mentors can shed light on the best academic path. With this information, you can begin planning for the skills and education you’ll need.
    Most math-heavy careers will require at least a four-year degree in the student’s primary field of study along with several college-level math courses. Other careers may require a master’s or Ph.D.

    Ready to start flexing your math muscles? NASA STEM provides a variety of hands-on activities you can use to practice applying math principles to real-world situations in space exploration and aviation. These activities are available for a variety of ages and skill levels. NASA also hosts student challenges and competitions that offer great experience for those looking to level up their applied math skills and make genuine contributions to helpful new technologies.
    NASA also offers paid internships for U.S. citizens aged 16 and up. Interns work on real projects with the guidance of a NASA mentor. Internship sessions are held each year in spring, summer, and fall; visit NASA’s Internships website to learn about important deadlines and current opportunities.

    Ask yourself if you enjoy mathematics and if you like problem solving and puzzles. Mathematics careers rarely involve “crunching numbers,” but rather thinking of ideas and theories (for theoretical mathematics) or how to manage data, graphics, machine learning, and related computer and data skills (for applied mathematics).– Jennifer Wiseman, senior astrophysicist, Hubble Space Telescope
    Research specific fields where mathematics is applied (data science, engineering, finance) and seek internships or shadowing opportunities to experience these environments firsthand. Connect with math professionals for informational interviews and join mathematical communities or organizations related to areas that interest you.– Justin Rice, Earth Science Data and Information Systems deputy project manager, Data Systems
    Curiosity, willingness to learn, and good communication skills (writing, speaking, illustrating) are important. The last is because although numbers and data are cool, the real magic is being able to interpret them in a way that helps people make business or policy decisions that improve people’s lives.– Nancy Carney, allocation specialist, NASA High-End Computing

    “Big Data” jobs are one area that might be very active in terms of internships, as there is huge demand for people who can help to process the incredible amounts of data that are being created in various areas. These include space science, but also everyday areas, as companies across the board build up huge customer datasets and seek ways to analyze and interpret that information.– Kenneth Carpenter, Hubble Space Telescope operations project scientist and Nancy Grace Roman Space Telescope ground system scientist

    Space Math @ NASA
    Careers at NASA

    MIL OSI USA News –

  • MIL-OSI USA: Addressing Key Challenges To Mapping Sub-cm Orbital Debris in LEO via Plasma Soliton Detection

    Source: NASA

    Christine HartzellUniversity of Maryland, College Park
    The proposed investigation will address key technological challenges associated with a previously funded NIAC Phase I award titled “On-Orbit, Collision-Free Mapping of Small Orbital Debris”. Sub-cm orbital debris in LEO is not detectable or trackable using conventional technologies and poses a major hazard to crewed and un-crewed spacecraft. Orbital debris is a concern to NASA, as well as commercial and DoD satellite providers. In recent years, beginning with our NIAC Phase I award, we have been developing the idea that the sub-cm orbital debris environment may be monitored by detecting the plasma signature of the debris, rather than optical or radar observations of the debris itself. Our prior work has shown that sub-cm orbital debris may produce plasma solitons, which are a type of wave in the ionosphere plasma that do not disperse as readily as traditional waves. Debris may produce solitons that are co-located with the debris (called pinned solitons) or that travel ahead of the debris (called precursor solitons). We have developed computational models to predict the characteristics of the plasma solitons generated by a given piece of debris. These solitons may be detectable by 12U smallsats outfitted with multi-needle Langmuir probes.
    In this Phase II NIAC award, we will address two key technical challenges that significantly effect the value of soliton-based debris detection: 1. Develop an algorithm to constrain debris size and speed based on observed soliton characteristics. Our prior investigations have produced predictions of soliton characteristics as a function of debris characteristics. However, the inverse problem is not analytically solvable. We will develop machine learning algorithms to address this challenge. 2. Evaluate the feasibility and value of detecting soliton velocity. Multiple observations of the same soliton may allow us to constrain the distance that the soliton has traveled from the debris. When combined with the other characteristics of the soliton and knowledge of the local plasma environment, back propagation of the soliton in plasma simulations may allow us to extract the position and velocity vectors of the debris. If it is possible to determine debris size, position and velocity from soliton observations, this would provide a breakthrough in space situational awareness for debris that is currently undetectable using conventional technology. However, even if only debris size and speed can be inferred from soliton detections, this technology is still a revolutionary improvement on existing methods of characterizing the debris flux, which provide data only on a multi-year cadence. This proposed investigation will answer key technological questions about how much information can be extracted from observed soliton signals and trade mission architectures for complexity and returned data value. Additionally, we will develop a roadmap to continue to advance this technology.
    2025 Selections

    MIL OSI USA News –

  • Data Users Conference in Hyderabad highlights India’s investment and informal sector trends

    Source: Government of India

    Source: Government of India (4)

    The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), held a Data Users Conference at the Indian School of Business (ISB) in Hyderabad on May 27. The conference focused on bridging the gap between data producers and users through discussions on the ASUSE 2023–24 and the Forward-Looking Private Sector CAPEX Investment Intentions Survey.

    More than 200 participants from academia, policy, industry, and international organizations joined the discussions. MoSPI Secretary Dr. Saurabh Garg highlighted innovations like the monthly PLFS release, the CAPEX survey, and a revamped data portal, reiterating the ministry’s ‘Data for Development’ vision.

    Chief Economic Advisor Dr. V. Anantha Nageswaran emphasized the importance of granular data in policymaking and praised MoSPI’s integration of administrative datasets and AI tools. ISB Dean Prof. Madan M. Pillutla and NSS DG Ms. Geeta Singh Rathore underscored the significance of collaboration, capacity-building, and data accessibility.

    Technical sessions explored ASUSE’s new sampling design, the policy relevance of CAPEX data, and its value for MSMEs. A panel discussion highlighted capital formation trends, the role of households in GFCF, and the need for better access to microdata and stronger state-level systems.

    Key takeaways included expanding ASUSE profiling, aligning CAPEX data with Vision 2047 goals, tracking MUDRA’s impact, and integrating renewable energy investment intentions into future surveys.

    The conference reaffirmed the collective commitment to advancing data-driven governance in India.

  • MIL-OSI USA: Farewell Remarks by CFTC Commissioner Christy Goldsmith Romero: The Future of Financial Services Regulation

    Source: US Commodity Futures Trading Commission

    Remarks as Prepared for Delivery 
    Thank you to Brookings for inviting me to give my farewell remarks as I depart from the Commission and retire from 23 years of federal service.  For the last time, I will give the disclaimer that my views are my own as a Commissioner and do not necessarily reflect the views of the Commission or my fellow Commissioners.
    I have been reflecting on my public service under four Presidents and today I am feeling nostalgic.  I have had such a good run.  I want to express my gratitude to so many.  First and foremost, I’m grateful to my wife and children.  I am grateful to President Biden and President Obama for believing and trusting in me with three Presidential nominations.  I’m grateful to those Senators in both parties who have actively supported me and unanimously confirmed me twice.  I am grateful to the leaders with which I have had the privilege to serve, including my fellow Commissioners.  I am also grateful to all my staff, the hundreds of people who have worked for me and put their trust in my leadership.
    Never could I have planned or envisioned such a meaningful and fulfilling career.  All I knew was that I was following my passion to make a difference in our financial system.  I have always wanted our financial system to serve everyone, not just powerful interests.  And along the way, I learned from each of the leaders I worked for—my SEC enforcement leaders, SEC Chairs Chris Cox and Mary Schapiro, and at Treasury, Neil Barofsky, the first Special Inspector General for TARP (or SIGTARP) before me.
    Never could I have imagined that my work would get the notice of President Obama who appointed me as the SIGTARP in 2012.  I can share that it was entirely daunting to be a 41-year-old career staffer sitting on the same Senate Banking confirmation panel with Jay Powell.  Of course, that meant that I did not get many questions.
    But don’t worry.  Senate Banking would make up for that this past summer when I got two plus hours of questions in my confirmation hearing for FDIC Chair.
    At SIGTARP, I was forged by fire, as were all of us who worked to strengthen the financial system in the wake of the 2008 financial crisis.  Former FDIC Chair Sheila Bair supported me for FDIC Chair this summer drawing on the work that we did during the financial crisis.  Last year, I was at Treasury and ran into former Secretary Paulson who remembered me and said, “Those were the days.  Look at what we did for the economy.”
    SIGTARP is also where I honed my leadership of white-collar law enforcement.  We worked closely with DOJ to bring justice and accountability to just about every major Wall Street financial institution and 465 criminal defendants.  This includes 76 bankers who courts sentenced to prison for crisis-related crimes.
    I continue to feel tremendous affection and gratitude to all those who served at SIGTARP as I learned invaluable lessons about how to lead an organization. SIGTARP is where I found my voice and the courage to speak truth to power.  It was a necessity when testifying before Congress and meeting with Treasury Secretaries, the Federal Reserve Chair, the FDIC Chair, and Attorneys General.
    As SIGTARP was winding down, I was fortunate to be contacted by several Senators and President Biden’s White House about a possible next appointment.  Various financial regulators were discussed.
    I raised the possibility of the CFTC.  First, I had always enjoyed being a market regulator.  Second, I was interested in climate-related financial issues, and the Chairman had sponsored a climate report and was speaking a lot on climate issues.  Third, the CFTC was the only regulator of cryptocurrency trading, and I had been teaching cryptocurrency regulation at two law schools.  As a Commissioner, I was pleased to prioritize all three of these areas, broadening crypto out to technology, as I sponsored the Technology Advisory Committee.
    The accomplishment that I am most proud about in my tenure is that derivatives markets worked well, that they remained resilient, vibrant, and had integrity.  Since my testimony at my CFTC confirmation hearing in 2022, I have always said that ensuring that markets worked well would be my highest priority.  This was so critical because the markets the CFTC regulates tie directly to the economy. That tie is something that I have had the privilege to see firsthand.  What incredible experiences I have had to get out of Washington and go on agriculture tours and energy tours, to meet with people who are feeding and fueling our world. To truly understand the way markets work, you have to engage with those who rely on the markets and who need them the most.
    I’m also proud of the Technology Advisory Committee for its work on future of finance issues.  I’m grateful to the Committee members who we picked because they are well regarded experts in cryptocurrency, stablecoins, blockchain, AI, cyber, and Fintech, and who come from all different viewpoints.  We held public forums, and the Committee issued two landmark reports, the first on Decentralized Finance, and the second on Responsible AI in Financial Markets.
    As I contemplate the future of financial services regulation, my thoughts keep returning to an area that I speak a lot about—promoting market resilience.  Resilience is defined as the ability to bounce back quickly from setbacks.  U.S. markets and global markets have and will continue to experience periods of volatility and stress.
    I arrived at the Commission in early 2022, in a time of geopolitical uncertainty.  The economy was recovering from the pandemic, suffering supply chain disruption, and oil and gas markets were at record-high levels of volatility and prices after the start of Russia’s war with Ukraine.
    Fortunately, what I found was that the post-crisis reforms through the Dodd Frank Act, other regulations, and regulatory supervision, have built up resilience.  As a result, our markets have withstood significant stress and volatility, including last month.  Our economy has been better for it.
    As the current Administration pursues a deregulatory agenda in the name of growth, care should be taken not to remove the load-bearing resilience built into markets—resilience that has resulted in financial stability and protected our economy. Regulators should not have to sacrifice growth for financial stability.  These are not mutually exclusive goals.  Regulators should promote both.  Growth is important for markets.  Growth requires a regulatory environment where markets are financially stable and resilient during times of volatility, uncertainty, and stress.
    I am concerned about big swings between more regulation and deregulation with each change of party in the White House.  This leads to uncertainty in markets.  It would be better for our markets and financial system if regulators could follow a steady, consistent path.  That would create the foundation for a resilient, stable, and vibrant financial system and economy.
    It’s a really tough challenge—one that requires independent regulators engaging with each other on a bipartisan basis and engaging with many stakeholders who use and need U.S. markets.  I plan to continue to share my voice, and I will always be rooting for the CFTC.  After all, you can take the girl out of public service.  But you can’t take public service out of the girl.

    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Joins Entire WA Delegation in Letter Urging President Trump to Reconsider Denial of WA State’s Request for a Disaster Declaration for November “Bomb Cyclone”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.27.25
    WSU Prof Joins Cantwell & Leading Scientists to Highlight Devastating Impacts of Slashing Funding for Science Research
    Trump Administration wants to gut National Science Foundation funding by 55%, would be the most severe reductions in agency’s history, overturn bipartisan consensus reached in CHIPS & Science Act; WSU Professor Kalyanaraman: Cuts will “directly undercut” AI precision agriculture and agriculture cybersecurity research
    WASHINGTON, D.C. – Last Tuesday, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, was joined by Sen. Chris Van Hollen (D-MD) and a panel of prestigious scientists to decry the devastating impacts of the Trump Administration’s proposed 55% cut to the FY 2026 budget of the National Science Foundation (NSF).
    The panel included Dr. Ananth Kalyanaraman, Professor at Washington State University, and Director of the USDA NIFA-funded AI Institute on Agricultural AI for Decision Support and Workforce Development.
    “We are in an Information Age. We are in an age where there are several areas of U.S. competitiveness that depend on continued science innovation, aerospace being one of those, certainly AI being another, quantum being a third,” Sen. Cantwell said. “And all of this is being put into jeopardy by this cut.”
    Looking at the damage to our future if these cuts are implemented, the Senator continued: “In an Information Age economy, when so much innovation is available, the last thing you should be doing is having a 55 percent cut to one of your key science R&D institutions. You should be making increases, allowing a thousand flowers to bloom across these institutions, across the United States, because you never know where the next Bill Gates or the next Bill Boeing is going to be, and the innovation they’re going to drive.”
    “WSU researchers are working on cutting edge security research across the entire computing stack, spanning hardware, software systems, and the web, and applications to precision agriculture,” said Dr. Kalyanaraman. “This research integrates AI to enhance the resilience of agricultural systems against cyber threats. We are deeply concerned about the nearly $5 billion in cuts to NSF, which will directly undercut this vital work and also our nation’s ability to remain globally competitive.”
    President Trump’s FY 2026 skinny budget proposes to cut NSF’s funding by 55.8% from $8.8 billion to $3.9 billion. This is on top of $234 million in FY 2025 funding for construction projects that the Administration has frozen. The CHIPS and Science Act, which Sen. Cantwell championed through to passage, authorized dramatically increasing NSF funding to $17.8 billion in FY2026.
    Besides recklessly proposing to slash future funding, the Trump Administration has already terminated 1,752 existing NSF grants totaling more than 1.3 billion dollars according to a list of terminated grants the Foundation released today. A large percentage of these grants are for projects and programs related to STEM education and expanding access and participation in STEM fields. Earlier this month, NSF announced it would cap indirect cost reimbursements at 15 percent for all new awards to universities and nonprofit institutions, down from negotiated rates that typically range from 30 to 60 percent. That action is on pause pending a lawsuit brought in the U.S. District Court for the District of Massachusetts.
    Other participants included: Dr. Arati Prabhakar, former Director of OSTP, DARPA, and NIST and venture capitalist; Dr. France Córdova, 14th Director of the National Science Foundation, and now President of the Science Philanthropy Alliance; Dr. Dean Chang, Chief Innovation Officer and Associate Vice President for Innovation & Entrepreneurship & Economic Development at the University of Maryland; and Dr. Marvi Matos Rodriguez, Engineering Director working in the Aerospace Industry.
    Dr. Prabhakar took the lead in debunking the idea that corporate funding could in any way replace federal investment in science, stating: “It’s been a bedrock economic understanding that corporations invest in the R&D that they can see leading to products and profits, but not in the kind that evolves across many labs over many years and forms a shared foundation for whole industries and for public missions like defense.”
    “These devastating cuts to public R&D are an embarrassing retreat from American leadership that hands the reins to the People’s Republic of China,” Dr. Prabhakar added. “And I would so much rather be here today talking about achieving our great aspirations for longer and healthier lives and for AI that extends our own human talents, for lowering our cost of living with clean energy and for restoring nature, because that is the future that America is capable of creating.”
    Dr. Córdova, who strongly agreed that private funding is no substitute for the NSF, said: “I have a good handle on what industry and philanthropy can contribute, and I can tell you, as important as their contributions are to bolstering our economy, they cannot replace government funding.”
    And Dr. Córdova decried the impacts of the cuts to STEM education that the Trump funding levels would force.
    “Especially important to universities is the funding to train our STEM workforce pipeline, without which we would have no industries of the future. Industry representatives often tell me that arguably the most important investment NSF makes is in the workforce training of STEM talent,” she said.
    In April, NSF revealed that Graduate Research Fellowships awarded in 2025 would be cut in half, from 2,000 to 1,000, the smallest cohort since 2010. NSF will also significantly reduce (from 368 to 70) the number of scientists it employs through a program that enables scientists on leave from their academic positions to work with the NSF to help choose the best research to fund.
    Dr. Chang offered an eye-opening look at where our nation would be without the National Science Foundation.
    ”It’s hard to imagine a world without NSF, but this alternate world without NSF would have none of the following: No Medtronic pacemakers or insulin pumps; no ChatGPT; no Nvidia GPU chips that power ChatGPT; no Apple; no Siri; no Amazon, Alexa; no GE MRIs for medical imaging; no Teslas and actually, no smart cruise control in any car of any kind; no Da Vinci robotic surgical systems; no early quantum computers from IBM and IonQ; and no Fortnite — the video game that swept the nation a few years ago,” Dr. Chang explained.
    “NSF celebrated its 75th anniversary this month,” Dr. Chang added. “But are we willing to relinquish our nation’s 75-year head start to other countries so they become the birthplace of the next generation of Teslas and ChatGPTs, the next generation of robotic surgeons and life saving devices? Not only must NSF continue to invest in high risk, high reward research, but NSF also must continue to invest in proven ways to shorten the decades long gestation periods.”
    Dr. Matos Rodriguez talked about her personal educational and professional story of turning her love for math and science at the University of Puerto Rico into a passion for research and STEM career engineering and the role NSF played along the way.
    “My passion for research blossomed when peers introduced me to the summer programs specifically designed to develop and enhance research skills,” Dr. Matos Rodriguez said, referring to research opportunities for undergraduates funded by the NSF that took her to California to conduct research at UC Davis and IBM.  
    “The impacts of the NSF REU program were far reaching. My journey continued at Carnegie Mellon, where I did my PhD… supported by a NASA grant. After graduate school, I worked as a postdoctoral fellow at the National Institute of Standards and Technology, funded by a grant from the National Research Council,” Dr. Matos Rodriguez continued.  “Little did I know that the product of all that research was not just the science, the discoveries or the papers, the product was me. The REU program, more than 25 years ago, was the seed for the STEM professional I am today, at a time when global competitiveness is vital, it is crucial to commit to cultivating generations of STEM professionals.”
    In the National Science Foundation for the Future Title in CHIPS and Science Act, Congress specifically called for broader participation of populations underrepresented in STEM and authorized $13 billion over five years for the NSF to allocate to STEM education. The United States can’t compete with China and others in science and innovation if we cannot close a gap in the STEM workforce that could be as large as 3 million people nationwide by 2030.

    MIL OSI USA News –

  • MIL-OSI Global: Canada has a chance to lead on AI policy and data governance at the 2025 G7 Leaders’ Summit

    Source: The Conversation – Canada – By E. Richard Gold, Professor of intellectual property and innovation, Faculty of Law and Faculty of Medicine and Health Sciences, McGill University

    The 2025 G7 Leaders’ Summit will be held in Kananaskis, Alta., from June 15 to 17. As host of the G7, Canada has a chance to shape rules that will govern AI globally. (Shutterstock)

    Artificial intelligence (AI) is rapidly transforming sectors from health care to climate science. But amid the global scramble to lead this technological revolution, one truth is becoming clearer: data, its platforms and its circulations, have become critical infrastructure. And Canada, poised to host this year’s G7 Leaders Summit, has a rare opportunity to shape the rules that will govern AI globally.

    Under the leadership of Prime Minister Mark Carney, the federal government elevated AI and digital innovation to a central pillar of national policy, and appointed Evan Solomon as minister of artificial intelligence and digital innovation. But ambition is not enough — Canada must now back its rhetoric with action that resonates at home and abroad.

    Infrastructure intelligence

    While AI headlines often focus on breakthroughs in generative models and robotics, the real engine of progress lies in less glamorous terrain: computing infrastructure and data systems.

    Canada’s proposal to build “next-generation data centres” is about creating the backbone for globally competitive and ethically governed AI. Without these facilities, modern AI systems cannot be trained, validated or deployed responsibly.

    AI models — like those used in medicine for developing new drugs and health services, clean technologies such as clean energy and carbon-capture or materials science — require enormous computational power and massive datasets. That data must be structured, validated and — to the extent possible — open to those who can use it.

    Quality assurance

    Our recent study underscores that the future of AI depends less on algorithmic cleverness and more on data quality and accessibility. Poorly labelled or fragmented datasets can introduce bias, reduce model performance or even endanger lives when used in health or safety applications.

    Yet across many domains, useful data remains siloed and locked in proprietary formats, lacking documentation or inaccessible due to legal and technical barriers. This status quo serves monopolies, not society.

    Canada holds the G7 presidency in 2025, and can provide leadership in data governance and AI innovation. A central priority should be to rally partners around a framework for ethical, accessible and well-designed datasets, especially in fields like health, climate science and materials research.

    Tailored data

    Our call for open data isn’t one-size-fits-all. It must be tailored to the needs of specific sectors:

    • Health-care AI requires anonymized patient data, genomic sequences, protein structure data, toxicology and carcinogen data, and drug response datasets.

    • Climate AI needs long-term environmental records, satellite imagery, power and water use information and real-time emissions data.

    • Materials science AI demands chemical interaction data, physical testing results, structural data and thermodynamic properties.

    What binds these fields is a common challenge: ensuring data is ethically sourced, high-quality, and useable across borders and institutions. Canada’s role should be to help build the platforms — digital, legal and diplomatic — that make this possible.

    A G7 mandate

    As host of the G7 in June, Canada can push for a transformative international commitment. At a minimum, this should include:

    1. Common standards for open datasets, co-designed with input from AI developers, health professionals, climate researchers, materials scientists and legal experts.
    2. Trusted data hubs, managed by public-private or non-profit entities, ensuring secure storage, privacy safeguards and public access.
    3. Legal and diplomatic co-ordination, addressing cross-border data sharing, intellectual property constraints and ethical governance frameworks.

    These steps would position the G7 — and Canada in particular — as a champion of AI that serves democratic values on top of commercial and geopolitical interests.

    Canada’s risks and opportunities

    Canada is not starting from scratch. The country boasts leading AI research institutions, including the Vector Institute and Mila, and has pioneered open science partnerships such as the Montreal Neurological Institute’s Tanenbaum Open Science Institute and the Toronto labs of the Structural Genomics Consortium.

    Dataset platforms such as AIRCHECK(for AI-based chemical knowledge) and the CACHE competition (evaluating drug discovery models using open data), show how Canada is already putting together the building blocks of responsible AI. But the country risks squandering this advantage if it cannot scale these efforts or retain innovation domestically.

    The stalled Artificial Intelligence and Data Act is a case in point. While the European Union moved forward with its AI Act, the General Data Protection Regulation and the European Health Data Space Regulation, Canada’s legislative framework remains in flux.

    Without clear domestic rules, and a proactive global agenda, Canada could end up as an incubator for innovations that end up developed and applied elsewhere.

    Global stakes

    The AI race is not just about who builds the most powerful models. It’s about who defines the technical, ethical and geopolitical standards that shape the digital future.

    The G7 offers Canada a moment of strategic clarity. By investing in AI infrastructure and leading an international agenda on open, trustworthy AI, Canada can lead in shaping the rules.

    E. Richard Gold receives funding from TRIDENT: TRanslational Initiative to DE-risk NeuroTherapeutics, a project funded by the New Frontiers in Research Fund, application NFRFT-2022-00051. Gold is also the Chief Policy and Partnerships Officer of Conscience, a Canadian non-profit focused on enabling drug discovery and development in areas where open sharing and collaboration are key to advancement and where market solutions are limited, such as rare or neglected diseases, pandemic preparedness, and antimicrobial resistance.

    Cristina Vanberghen does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Canada has a chance to lead on AI policy and data governance at the 2025 G7 Leaders’ Summit – https://theconversation.com/canada-has-a-chance-to-lead-on-ai-policy-and-data-governance-at-the-2025-g7-leaders-summit-256296

    MIL OSI – Global Reports –

  • MIL-OSI: Best Crypto Casino 2025: WINNA Named Top Bitcoin Casino For Anonymity, Rakeback & Instant Payouts

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 27, 2025 (GLOBE NEWSWIRE) — The crypto casino space is transforming the online gambling world, delivering speed, privacy, and innovation at scale. Platforms like WINNA are rising fast, offering an alternative that’s faster, safer, and more rewarding than traditional gambling.

    >>CLAIM YOUR FREE SPINS + 60% RAKEBACK – CLICK HERE TO GET STARTED!<<

    After comprehensive testing across dozens of crypto casinos, including reviews of their bonuses, game libraries, and overall performance, WINNA emerged as the best crypto casino for 2025. Its rapid payouts, expansive game catalog, and privacy-first model set a new standard for crypto gambling. Find out why WINNA is changing the game.

    Overview Of WINNA Crypto Casino

    WINNA

    • Launch Year: 2024
    • License: Tobique Gaming License
    • Game Selection: Over 2,000 games (slots, live casino, table games, esports betting) + a comprehensive sportsbook with 10,000+ live events every month
    • Software Providers: Evolution Gaming, Pragmatic Play, Hacksaw Gaming, NetEnt, Nolimit, BGaming, PlayNGo and more
    • Payment Methods: Crypto (Bitcoin, Ethereum, USDT, Dogecoin, BNB, Litecoin, TRX, USDC)
    • Withdrawal Speed: Instant or under 10 minutes

    WINNA’s no KYC model for crypto users makes it the best no KYC casino, while its instant crypto payouts position it as the best instant withdrawal Bitcoin casino. With competitive bonuses, around-the-clock support, and high-grade security, WINNA stands out as a top crypto casino globally.

    Why WINNA Is One of the Best Crypto Casinos?

    WINNA differentiates itself in a crowded space with a combination of innovation, player-focused features, and unmatched convenience. Here’s why it’s among the best crypto casinos:

    • Extremely Fast Withdrawals: WINNA processes crypto withdrawals in as little as 10 minutes, making it a top Bitcoin casino for players who demand fast access to funds. This speed sets it apart from most crypto gambling sites and justifies its ranking as the best BTC casino.
    • Massive Game Collection: With over 2,000 games from industry leaders like Evolution Gaming and Pragmatic Play, WINNA offers endless entertainment. Whether it’s immersive slots or live dealer games, its variety ranks it high among the best crypto casinos.
    • Privacy-First Approach: WINNA offers full anonymity for crypto users by not requiring KYC. As a result, it stands out as the best no KYC casino for privacy-minded players. This commitment to privacy is a key reason it’s a favorite among top crypto casinos.

    >>PLAY ANONYMOUSLY WITH LIGHTNING-FAST PAYOUTS – CLICK HERE TO JOIN WINNA TODAY!<<

    • Lucrative Bonuses: New players receive extra free spins, a 60% rakeback, and a 100% risk-free esports bet. Weekly prize tournaments with $25,000 pools keep the experience fresh, placing WINNA among the best Bitcoin casinos for high-value rewards.
    • 24/7 Support: WINNA’s support team is accessible by live chat, email, and Telegram, ensuring players receive help whenever needed. This reliability supports its reputation as a trusted crypto gambling site.
    • Military-Grade Security: Built with SSL encryption, two-factor authentication, and provably fair systems, WINNA provides a secure environment, making it one of the safest among the best crypto casinos.

    These features establish WINNA as a leader among crypto gambling sites, offering an experience designed for modern players.

    Bonuses And Promotions

    WINNA rewards its players consistently with a wide range of bonuses and promotions. Here’s what players can expect from this new crypto casino:

    • Welcome Bonus: Start off with extra free spins, a 60% rakeback, and a 100% risk-free esports bet on your first deposit.
    • Daily and Weekly Tournaments: Compete in prize events with up to $25,000 in rewards or take part in Winna’s slots tournaments with cash prizes and free spins.
    • Cashback Rewards: Earn regular cashback on net losses, increasing your chances to play longer—one of the signature benefits of the best crypto casinos.
    • Esports Bonuses: Benefit from bet insurance and free bets tailored for esports betting fans.
    • VIP Rakeback Club: Loyal players unlock faster withdrawals, custom bonuses, and VIP-only perks.
    • VIP FreeBet: Place three qualifying sports bets and receive a fourth free bet on the house.
    • Drops & Wins: Participate in slot and live casino games with prize pools totaling $2,000,000.
    • Social Media Rewards: Get exclusive offers and reload bonuses by following WINNA’s official social channels.

    These promotions elevate WINNA among the most rewarding new crypto casinos for players seeking more value per bet.

    >>CLICK HERE TO CLAIM YOUR EXCLUSIVE BONUS<<

    Guide To Join WINNA

    Getting started with WINNA is quick and easy, allowing players to dive into the best crypto casino experience in just a few steps:

    1. Visit the WINNA Website:
      Click here to visit the official WINNA homepage. The site is designed for intuitive navigation, even for first-time users. Be sure you’re on the verified domain to protect your account.
    2. Sign Up:
      Click “Sign Up” and provide a valid email and secure password. No KYC is required for crypto players, reinforcing WINNA’s role as the best no KYC casino. Registration is instant.
    3. Verify Your Email:
      Open the verification email and click the confirmation link to activate your account. This step ensures full access to features and bonuses. Check your spam folder if the email doesn’t arrive promptly.
    4. Deposit Funds:
      Go to the deposit section, select your preferred cryptocurrency, and follow the instructions. Fiat options like Mastercard and Apple Pay are available to buy crypto directly. Deposits process instantly.
    5. Claim Your Bonus:
      Receive 150 free spins, a 35% rakeback, and a 100% risk-free esports bet as part of your first deposit. These bonuses are automatically credited. Check the promotions page for ongoing offers.
    6. Start Gaming:
      Explore WINNA’s library of over 2,000 games and enjoy the seamless, anonymous experience of a top Bitcoin casino. Whether you prefer live casino or instant win games, the platform has it all.

    This fast and easy process gets you into the action quickly at one of the best crypto casinos available today.

    Pros And Cons Of WINNA

    Here’s a breakdown of the advantages and considerations when choosing WINNA among the best crypto casinos:

    Pros Cons
    Ultra-fast crypto withdrawals (less than 10 minutes) No direct fiat depositing options
    Over 2,000 games from top providers  
    No KYC for crypto users  
    High-value welcome and ongoing bonuses  
    24/7 multilingual support  
    High-grade security and provably fair games  

    This table summarizes why WINNA ranks as a top Bitcoin casino while highlighting any potential limitations.

    Game Selection At WINNA

    WINNA delivers a robust game library featuring over 2,000 titles, providing endless choices for every type of player. With support from leading game providers, it earns its place among the best crypto casinos:

    • Slots: Choose from a wide variety of themes, jackpots, and mechanics including Megaways and bonus buy features. High RTP games are frequently updated to ensure ongoing variety and fair odds.
    • Live Casino: Experience high-quality streams of blackjack, roulette, baccarat, and game shows. Professional dealers and HD quality deliver the real casino feel right to your device.

    >>SIGN UP WITH WINNA TO ACCESS YOUR FAVORITE GAMES<<

    • Table Games: Classic titles like poker, roulette, and blackjack are offered in multiple versions, appealing to both beginners and experts. Many games are provably fair, increasing transparency.
    • Sports Betting: Bet on real-time sporting events, esports, and virtual matches with competitive odds and live betting features.
    • Instant Games: Engage in crash games, scratch cards, and other fast-paced options for players who prefer quick and simple gameplay. These features add to WINNA’s appeal as a top Bitcoin casino.

    This comprehensive selection reinforces WINNA’s reputation as one of the best crypto casinos for game variety and quality.

    Why Choose Crypto Casinos?

    Crypto casinos like WINNA offer several advantages over traditional online gambling platforms, making them the preferred option for an increasing number of players:

    • Anonymity: Crypto-only accounts do not require personal verification, making WINNA the best no KYC casino for private gaming.
    • Speed: Cryptocurrency transactions are processed much faster than fiat-based ones, with withdrawals at WINNA taking as little as 10 minutes.
    • Security: Built on blockchain technology, transactions are encrypted, trackable, and secure – hallmarks of a trusted crypto gambling site.
    • Global Reach: With no fiat limitations, players around the world can access WINNA without payment restrictions.
    • Low Fees: Crypto transactions typically come with lower fees, maximizing player value at the best crypto casinos.

    These advantages position WINNA as a leader among modern crypto gambling sites.

    Payment Methods

    WINNA operates as a crypto-first casino, offering a wide range of supported cryptocurrencies for deposits and withdrawals:

    Cryptocurrencies:

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Tether (USDT)
    • Binance Coin (BNB)
    • Litecoin (LTC)
    • Dogecoin (DOGE)
    • Tron (TRX)

    Fiat-to-Crypto Options (to be added soon):

    • Visa
    • Mastercard
    • Google Pay
    • Apple Pay
    • Bank Transfer

    All wagering occurs in cryptocurrency, which solidifies WINNA’s role as a top Bitcoin casino offering rapid, secure transactions.

    How To Buy Crypto At WINNA?

    Buying crypto for use at this new crypto casino is fast and beginner-friendly:

    1. Log into your WINNA account.
    2. Navigate to the “Deposit” page and select “Buy Crypto.” Choose your preferred fiat method (e.g., Visa or Google Pay).
    3. Select the cryptocurrency you wish to purchase.
    4. Enter the amount and confirm the transaction.
    5. Funds are instantly credited to your wallet for use in gameplay.

    This user-friendly system makes WINNA one of the most accessible and best crypto casinos for new and experienced users alike.

    Mobile Compatibility

    WINNA is fully optimized for mobile devices, allowing seamless access through iOS and Android browsers. While no dedicated app is available, the mobile interface retains all desktop functionality, including live dealer games and sportsbook access. This makes WINNA a top crypto casino for mobile users.

    User Interface And Experience

    WINNA features a sleek, dark interface with intuitive navigation, fast-loading content, and multi-language support. Graphics are optimized across all platforms, ensuring smooth performance. Whether on desktop or mobile, WINNA delivers a polished and efficient user experience, making it one of the best Bitcoin casinos on the market.

    Responsible Gambling At WINNA – The Best Crypto Casino

    WINNA emphasizes player well-being with a suite of responsible gambling tools:

    • Self-Exclusion: Temporarily or permanently suspend your account if needed. This allows players to take time away without pressure or judgment.
    • Deposit Limits: Set personal spending limits to maintain control over your gambling budget. Limits can be adjusted based on your individual preferences.
    • Reality Checks: Receive periodic reminders of session duration, helping to promote balanced gameplay and time awareness.
    • Cooling-Off Periods: Take short-term breaks while keeping your account active. This encourages healthier gaming habits over time.

    These tools, alongside access to external support organizations, highlight WINNA’s commitment to being a responsible and trusted crypto casino.

    Conclusion: WINNA – The Best Crypto Casino For 2025

    WINNA stands tall among the best crypto casinos of 2025, combining speed, privacy, and entertainment into a powerful gaming platform. Its large selection of games, instant crypto payouts, strong privacy policies, and rewarding promotions make it the best Bitcoin casino for players at all experience levels. With cutting-edge security and responsible gambling features, WINNA is a reliable and exciting destination for crypto gambling.
    While Jackbit has dominated headlines in the past, WINNA quietly outperforms it with faster withdrawals, stronger promotions, and a truly anonymous experience, something many players still haven’t caught onto.

    >>CLICK HERE TO UNLOCK YOUR BONUS PACK!<<

    FAQs

    1. Why is WINNA considered one of the best crypto casinos?
      WINNA offers instant withdrawals, no KYC, and a wide game selection, placing it among the best Bitcoin casinos available.
    2. How fast are withdrawals at WINNA?
      Crypto withdrawals are typically completed in under 10 minutes. Most are instantly processed.
    3. Can I use fiat currencies to wager at WINNA?
      No, all wagers are in crypto, but you can use fiat to purchase cryptocurrency.
    4. Are there fees for withdrawals at WINNA?
      Crypto withdrawals at WINNA are fee-free for most supported coins.
    5. Is WINNA accessible worldwide?
      Yes, but availability depends on your country. Check the site’s terms of service for region-specific access.
    6. What support options does WINNA provide?
      WINNA offers 24/7 support via live chat, email, and Telegram.

    Disclaimer

    Gambling entails risks and should be approached with caution. Users must be of legal gambling age in their jurisdiction. This article is for informational and promotional purposes only and does not constitute financial advice.

    Always gamble responsibly and within your means. The publisher, affiliates, and authors are not liable for losses arising from use of this content.

    This content may contain affiliate links that generate commission at no additional cost to the user. Brand names and trademarks belong to their respective owners.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3e863b44-b7bd-425f-a5ac-1a0f9e4549cc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6c86dce4-bc47-44bf-a9f3-6d0464c173ba

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7e67bea5-d9a3-44d2-97cc-60c308add279

    The MIL Network –

  • MIL-OSI: XRP News: Buy $XDX Token Built On Ripple Blockchain As Token Sales Ends in About 24 Hours Before Listing On XRP Exchanges

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 27, 2025 (GLOBE NEWSWIRE) — With only about a day remaining in the XenDex presale, investors are running out of time to secure $XDX tokens at presale pricing. The urgency is further amplified by Ripple’s reported acquisition of Circle (USDC issuer) and the launch of the XRPI Futures ETF by Volatility Shares, two monumental milestones signaling growing institutional interest in XRP.

    Buy $XDX Before Exchange Listing

    As XRP gains bullish momentum, XenDex is positioning itself as the XRP Ledger’s leading DeFi platform, and analysts predict a major price surge once $XDX lists on major exchanges.

    What is XenDex on XRP Blockchain?

    XenDex is the first all-in-one decentralized exchange (DEX) built natively on the XRP Ledger (XRPL). The platform combines fast trading, low fees, and powerful DeFi features into one seamless interface optimized for both beginners and advanced users.

    Purchase XDX And Earn Rewards

    Features and Problems XenDex Solves on XRPL

    Despite XRP’s efficiency, the ecosystem has lacked true DeFi capabilities until now. XenDex introduces:

    • AI Copy Trading – Mirror trades from top-performing wallets
    • Lending & Borrowing – Lend and borrow crypto assets without intermediaries
    • Cross-Chain Trading – Swap XRP with tokens from other blockchains like Ethereum, BNB, Solana
    • DAO Governance – Vote on platform decisions using $XDX

    Why Should I Buy $XDX?

    Holding $XDX grants:

    • Governance rights
    • Fee discounts on trades, lending and borrowing
    • Staking and yield farming rewards
    • Access to exclusive airdrops and access to platform features

    Early adopters also stand to benefit from potential price appreciation post-listing.

    Where Can I Trade $XDX?

    After the presale, $XDX will list on: Binance, Gate.io, MEXC, BitMart, MagneticX, FirstLedger

    Is XenDex Legit?

    Purchase $XDX At Its Cheapest Price

    Yes. XenDex is built by experienced crypto-native developers from Cardano and SUI, and the platform is undergoing smart contract audits. Integrations with Xaman, XRP Toolkit, and Gitbook ensure a trusted foundation.

    How Do I Buy $XDX?

    For a full buying guide, visit: https://xdxdocs.gitbook.io/xendex/buy-usdxdx-token-presale

    XenDex Presale Details

    • Soft Cap: Reached
    • Hard Cap: Almost Filled
    • Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Time Left: Only 1 Day Remaining

    Buy XDX Before Presale Ends: https://xendex.net/presale

    Join XenDex Community Below

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.
    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1691db6a-7b3a-46bb-a46f-e257d75f9dc6

    The MIL Network –

  • MIL-OSI: As BTC hits ATH, Whales turn to Nimanode Presale to Accumulate $NMA Token

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 27, 2025 (GLOBE NEWSWIRE) — Nimanode, the pioneering platform merging artificial intelligence with the XRP Ledger, has officially kicked off its $NMA token presale.

    As excitement grows within the crypto community with BTC at an ATH, investors flock to project’s poised to be the next big things in the DeFi space. At the forefront is Nimanode, already positioned to become a major infrastructure player on the XRP Ledger by spearheading a No-Code AI agent platform to their ecosystem.

    By combining artificial intelligence with the power of blockchain, Nimanode enables anyone from no-code builders to seasoned developers to create, deploy, and earn from intelligent AI agents that interact directly with XRPL and beyond.

    JOIN $NMA PRESALE

    Nimanode has officially kicked off its $NMA token presale on 22nd May, 2025 at 3pm UTC with a limited time period of 30 days. Offering early adopters access to one of XRP’s most impactful DeFi platforms to date. The $NMA token, native to its ecosystem, will serve as a means of powering various features and serving as a governance token for Nimanode Ecosystem.

    Why the Hype for Nimanode?

    Zero-Code Agent Builder – Easily create and configure AI agents through a drag-and-drop interface
    Autonomous Execution – Agents perform on-chain tasks, react to data feeds, and interact across dApps
    Agent Marketplace – Build, deploy and monetize AI agents within a Nimanode ecosystem
    XRPL Integration – High-speed, low-cost, and eco-friendly infrastructure to power scalable agent activity

    NMA at a Glance

    Token Name: Nimanode

    Ticker: NMA

    Total Supply: 200 Million NMA

    Presale Allocation: 90,000,000 NMA (90 million)

    Utilities: Agent Deployment, Custom Upgrades, Governance, Agent Marketplace

    How to Join the Nimanode Presale

    Interested participants can take a strategic advantage by joining in on $NMA Presale before its listed on XRP Dex’s by visiting the official Presale Page for Nimanode Presale. Early birds are expected to participate through XRP compatible wallets, to facilitate a smooth and secure transaction. Full details for participation are made available on their page.

    Join the AI Revolution on XRP Ledger

    If you missed being in on BTC before the ATH, missed out on XRP’s sporadic run, this is your second shot with AI, Web3 automation and whale momentum on your side.

    Web3 continues to demand smarter, more adaptive tools, Nimanode may not just be the most disruptive launch on XRPL, it could set the standard for how AI and blockchain merge in the years ahead.

    Join the Movement Now

    Website: https://nimanode.com

    Presale: https://nimanode.com/presale

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a307880-f1f2-4179-8523-93db789166e8

    The MIL Network –

  • MIL-OSI: First American Bank Highlights U.S. Manufacturing Shift

    Source: GlobeNewswire (MIL-OSI)

    Sarah M. Eikenberry, Vice President of Commercial Lending at First American Bank, explains why more U.S. manufacturers are rethinking global supply chains – and finding local solutions that offer better control, faster delivery, and new business opportunities.

    MIAMI, May 27, 2025 (GLOBE NEWSWIRE) — Reshoring – bringing production back to the U.S. – has shifted from a niche strategy to a mainstream consideration for many manufacturers. While the concept isn’t new, recent global disruptions have prompted small and mid-sized manufacturers to take action.

    Tariffs, shipping delays, geopolitical risk, and rising inventory costs have exposed vulnerabilities in global supply chains. Meanwhile, shifting customer expectations and government incentives are making U.S.-based production increasingly attractive.

    At First American Bank, we’re working directly with clients navigating this transition. Here’s why reshoring has lasting momentum.

    Control is the driving force

    For most companies, reshoring comes down to one word: control.

    When suppliers are overseas, responding to delays, managing quality, or adjusting production is limited. The pandemic made that clear. So have recent changes in tariffs, which have created confusion and delays at U.S. ports as authorities navigate new import classifications.

    More of my clients are asking: How can we reduce our risk? One answer is to bring more of the supply chain closer to home. Even though domestic production can be costlier, the increased stability and responsiveness often justifies the shift.

    You don’t need to build from scratch

    One common misconception is that reshoring requires major investment. That’s not necessarily the case.

    Contract manufacturing is opening doors for smaller companies. By partnering with U.S.-based manufacturers that already have infrastructure, companies can avoid the high costs of building their own facilities.

    We’ve seen this firsthand. A client in the medical products space recently expanded its capabilities to support both internal production and third-party contracts, creating new revenue opportunities in the process.

    Buyers care about local sourcing

    Cost will always factor into decision-making; however, it’s no longer the only consideration. Buyers increasingly value transparency, quality, and the ability to adapt quickly – all of which are benefits of U.S.-based production.

    Some clients have seen more interest at trade shows just by promoting their “Made in the USA” status. Many buyers are willing to pay more for the speed and reliability that comes with local sourcing.

    Technology is also narrowing the cost gap. Automation, AI, and leaner processes are helping reduce labor costs without compromising quality.

    Talent and training are key enablers

    As more companies bring production back home, the question naturally follows: Do we have the workforce to support it?

    Skilled labor remains a challenge in many regions, but we’re also seeing promising signs of collaboration between industry and education. Local universities around the country are connecting students with real-world manufacturing problems through capstone projects and internships. This early exposure is helping build a more prepared talent pipeline.

    At the same time, with automation reshaping roles, investing in training and local talent programs is more important than ever.

    South Florida is part of the equation

    While reshoring is often associated with the industrial Midwest, business-friendly regions like South Florida are increasingly becoming part of the conversation.

    The area has strong infrastructure for import-export activity, and organizations like the Miami-Dade Beacon Council are helping attract investment and support job growth. First American Bank has partnered with many of these local organizations with the goal of creating valuable connections for opportunity and incentives.

    A long-term shift with near-term opportunity

    Reshoring isn’t a quick fix. It’s a gradual process, and it won’t look the same for every business. But the momentum is real.

    The companies that benefit most are the ones that stay proactive: identifying parts of their operations that can be brought back, finding domestic partners, and rethinking their supply chain from both a cost and control perspective.

    At First American Bank, we help manufacturers finance equipment, expand operations, and structure credit solutions to support reshoring. If you’re considering a shift, we’re here to help you evaluate your options and build a plan that fits your goals.

    About First American Bank
    First American Bank is the largest privately held bank in Illinois, with over $7 billion in assets and 61 locations across Illinois, Wisconsin, and Florida. Family-owned and operated since the 1960s, the bank offers a full range of financial services, including personal banking, business lending, and trust and wealth management. Known for combining community bank service with large-scale capabilities, First American Bank is committed to long-term relationships, financial stability, and delivering tailored solutions that help customers thrive.

    Disclaimers:
    This information is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal, tax, and investment advisors.

    First American Bank is a MemberFDIC.

    Media Contact:
    Teresa Lee
    305-631-6400
    tlee@firstambank.com 

    The MIL Network –

  • MIL-OSI Russia: Essay: The world’s highest-grossing animated film “Nezha 2” came to Russia and touched Russian viewers to the depths of their souls

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 27 /Xinhua/ – The Russian premiere of the Chinese animated film “Nezha Conquers the Dragon King” /”Nezha 2” dubbed into Russian was recently held at the Cinema Park Mosfilm movie theater. It became the highest-grossing animated film in the history of world cinema.

    An hour before the show began, the lobby on the first floor was packed with spectators, who came in groups and with their families to watch the trailers on the screen and take photos before the show began.

    During the two-and-a-half-hour screening in the IMAX theater, which seats more than 500 people, the audience laughed, cheered and applauded the characters.

    THE HIGHEST-GROSSING CARTOON HAS BECOME A CULTURAL MASTERPIECE

    “This film is a dark horse for us,” Vera Fetishcheva, deputy general director of the Russian film company Arna Media, told Xinhua, adding that the cartoon will hit the country’s big screens on May 29. “We will have more than 1,600 screens all over Russia,” V. Fetishcheva said.

    “This Chinese cartoon is a phenomenon; it is currently the highest-grossing animated project in the history of world cinema and is among the top five highest-grossing films,” V. Fetishcheva emphasized.

    According to official figures, Ne Zha 2 has already grossed over US$2 billion worldwide.

    “We are very proud and really wanted to make sure that Russian viewers also see this project on the big screen,” said V. Fetishcheva. “We hope that it will also make a good profit in Russia.”

    “Nezha 2” focuses on Chinese mythology and traditional values, combining this with high-quality entertainment. According to V. Fetischeva, this film will help Russian viewers better understand China and its culture.

    DUBBING: “PAIN AND JOY AT THE SAME TIME”

    In order for Russian viewers to better understand “Nezha 2,” high-quality dubbing was necessary.

    “There were a lot of difficulties in translation, the translation was very complicated, but very pleasant, because solving these issues brought real pleasure,” Maxim Kofov, the author of the adapted translation and the dubbing director for “Nezha 2,” shared with a Xinhua correspondent.

    According to him, the film is based on Chinese mythology, and many things implied in the film are quite understandable to the Chinese.

    “And in Russia there is a different culture, and we may not understand this. And accordingly, the question immediately arises: how to adapt this?” said M. Kofov, adding that in some moments a certain equivalent from Russian culture was required.

    “Appearances can be deceiving. I feel like Nezha is like a grown man in a little kid’s body,” said voice actress Eva Finkelstein, who voiced Nezha.

    In her opinion, Nezha’s kind and bright heart is hidden beneath his appearance, and this contrast makes the hero extremely charming.

    “For example, the poems that Nezha recites throughout the film. If you translate them literally, they simply won’t work. But if you translate them into something similar in our culture, then it begins to merge with the audience’s interest,” explained M. Kofov. According to him, it was important not just to translate literally, but to convey emotions. This was possible thanks to the excellent work of the dubbing actors and the support of their Chinese colleagues.

    “NEZHA 2” IS A GIFT FOR ALL PARENTS AND CHILDREN

    “The animation is very good… All the characters are shown well… The dubbing is very clear… The story is about family and love, very beautiful…” Russian viewers shared their feelings with a Xinhua correspondent after watching it.

    “I really liked the film, and to be honest, I am very delighted,” said Nikita Stepanov, a member of the central board of the Russian-Chinese Friendship Society.

    N. Stepanov knows quite a lot about China and Chinese culture, since he was born in China and graduated from school there. “In general, everything is very clear, all these moments that were reflected in the film,” N. Stepanov noted, expressing confidence that “Nezha 2” will help Russian viewers better understand Chinese culture.

    For many Russian viewers, Nezha 2 became not only an example of technological progress in Chinese animation, but also a point of contact between the cultures of Russia and China.

    “I really liked the film, it’s a family film, really. I saw the first part /”Nezh 1″/ when I was 13, so as soon as I found out that the second part of “Nezh” would be released, I immediately got ready and ran to see it at the first screening,” student Lera told Xinhua.

    “I had a lot of emotions. I laughed, I was happy, I cried a lot at many moments. The film is very good, moral,” shared Ksenia, Lera’s younger sister.

    According to Lera, the character of “Nezha 2” Shen Gongbao touched her “to the depths of her soul”. “Shen Gongbao’s relationship with his younger brother and his development evoke special emotions in me,” said Lera, looking at Ksenia and adding, “This is /my/ little sister, I am ready to do a lot for her, so this topic touched me very much.”

    “This film is a gift to all parents and children and a wish to find understanding between generations,” M. Kofov noted. He reported that as a father of two children aged 10 to 20, he found very interesting and relevant moments in this cartoon for himself.

    “You need to be able to let go, you need to be able to understand, you need to be able to find a common language with different generations,” said M. Kofov.

    According to him, the transformation of positive and negative characters is one of the most striking moments in “Nezha 2”. “That is, it is a life situation in which there is no clear division into black and white. This prepares the younger generation for a critical view of life,” the Russian director emphasized.

    “As in the case of Nezha, and in the case of Ao Bing in the film, it is not who you are by origin that matters, but who you are by your actions,” Lera noted. –0–

    MIL OSI Russia News –

  • MIL-OSI Global: Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

    Source: The Conversation – UK – By Jun Du, Professor of Economics, Centre Director of Centre for Business Prosperity (CBP), Aston University

    AlinStock/Shutterstock

    AI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

    But regulating such a fast-moving and complex sector is extremely difficult.

    At a summit in France in February 2025, world leaders struggled to agree on how to govern AI in a way that would be “safe, secure and trustworthy”. But regulation is something that directly affects everyday lives – from the confidentiality of medical records to the security of financial transactions.

    One recent example which highlights the tension between technological advancement and individual privacy is the ongoing dispute between the UK government and Apple. (The government wants the tech giant to provide access to encrypted user data stored in its cloud service, but Apple says this would be a breach of customers’ privacy.)

    It’s a delicate balance for all concerned. For businesses, particularly global ones, the challenge is about navigating a fragmented regulatory landscape while staying competitive. Governments need to ensure public safety while encouraging innovation and technological progress.

    That progress could be a key part of economic growth. Research suggests that AI is igniting an economic revolution – improving the performance of entire sectors.

    In healthcare for example, AI diagnostics have drastically reduced costs and saved lives. In finance, razor-sharp algorithms cut risks and help businesses to rake in profits.

    Logistics firms have benefited from streamlined supply chains, with delivery times and expenses slashed. In manufacturing, AI-driven automation has cranked up efficiency and cut wasteful errors.

    But as AI systems become ever more deeply embedded, the risks associated with their unchecked development increase.

    Data used in recruitment algorithms for instance, can unintentionally discriminate against certain groups, perpetuating social inequality. Automated credit-scoring systems can exclude people unfairly (and remove accountability).

    Issues like these can erode trust and bring ethical risks.

    A well-designed regulatory framework must mitigate these risks while ensuring that AI remains a tool for economic growth. Over-regulation could slow development and discourage investment, but inadequate oversight may lead to misuse or exploitation.

    International intelligence

    This dilemma is being treated differently across the world. The EU for example, has introduced one of the most comprehensive regulatory frameworks, prioritising transparency and accountability, especially in areas such as healthcare and employment.

    While robust, this approach risks slowing innovation and increasing compliance costs for businesses.

    In contrast, the US has avoided sweeping federal rules, opting instead for self-regulation in specific industries. This has led to rapid AI development, particularly in areas such as autonomous vehicles and financial technology. But it also leaves regulatory gaps and inconsistent oversight.

    AI has huge potential for healthcare.
    frank60/Shutterstock

    China meanwhile uses government-led regulation, prioritising national security and economic growth. This brings major state investment, driving advances in things such as facial recognition and surveillance systems, which are used extensively in train stations, airports and public buildings.

    These varying approaches demonstrate a lack of international agreement about AI. And they also pose significant challenges for businesses operating globally.

    Companies must now comply with multiple, sometimes conflicting AI regulations, leading to increased compliance costs and uncertainty.

    This fragmentation could slow down AI adoption as firms hesitate to invest in applications that could become non-compliant in some countries. A globally coordinated regulatory framework seems increasingly necessary to ensure fairness and promote responsible innovation without excessive constraints.

    Innovation vs regulation

    But again, achieving this kind of framework would not be easy. The impact of regulation on innovation is complex and involves careful trade-offs.

    Transparency, while essential for accountability, could mean sharing new technology, potentially eroding competitive advantages. Strict compliance requirements, crucial in industries such as healthcare and finance, can be counterproductive where rapid development is vital.

    Effective AI regulation should be dynamic, adaptive and globally harmonised, balancing ethical responsibilities with economic ambition. Companies that actively align with ethical AI standards are likely to benefit from improved consumer trust.

    For now, in the absence of global agreement, the UK has chosen a flexible approach, with guidelines set by independent bodies such as the Responsible Technology Adoption Unit. This model aims to attract investment and encourage innovation by offering clarity without overly rigid constraints.

    With a robust research ecosystem, world-class universities and a skilled workforce, the UK has a solid foundation for AI-driven economic growth. Continued investment in research, infrastructure and talent are essential.

    The UK must also stay proactive in shaping international AI standards. For achieving effective AI governance that is safe and trustworthy, will be key to securing its future as an engine of economic and social transformation.

    Jun Du is a member of the British Chamber of Commerce (BCC) Economic Advisory Council, and part of BCC Global Britain Challenge Group; the Vice Chair of the Trade and Investment Panel for the International Chambers of Commerce, and advisor to the Midlands Engine Observatory Program Board and the Business Commission West Midlands Advisory Panel. Jun is a member of the Council of Experts of the UKRI-funded Innovation & Research Caucus, and part of the OECD Innovation Review Advisory Group.

    Cher Li is a member of the Council of Experts of the UKRI-funded Innovation & Research Caucus, and government Expert Peer Review Group (PRG). Her recent research projects have been funded by the ESRC and United Kingdom Accreditation Service (UKAS).

    Xingyi Liu has received funding from the Innovation & Research Caucus for his recent research.

    – ref. Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one – https://theconversation.com/regulating-ai-seems-like-an-impossible-task-but-ethically-and-economically-its-a-vital-one-250816

    MIL OSI – Global Reports –

  • MIL-OSI Global: Crop diversification is crucial to Canadian resilience in a changing world

    Source: The Conversation – Canada – By Karen K. Christensen-Dalsgaard, Assistant Professor, Department of Biological Sciences, MacEwan University

    The recent threats of tariffs and deteriorating relations with the United States have led to increasing interest from Canadian governments and the public in boosting the country’s self-reliance.

    Politicians have called on the public to “buy Canadian,” provinces have ordered American products removed from shelves and Canadian retailers have seen a surge in domestic sales. Yet the importance of agricultural adaptations for achieving greater Canadian self-reliance has largely been overlooked.

    The federal government’s plan for building a stronger agrifood sector is mainly based on financial safeguards and loan options for impacted farmers and supply-chain management of existing products. The broad topic of agricultural innovation is barely mentioned at all.

    At a time of changing geopolitical and physical environments, we must ensure the long-term resilience of Canada’s farms. An important step towards achieving this complex and multifaceted goal would be to diversify the country’s crop production.

    Low Canadian crop diversity

    Anyone browsing their supermarket’s produce section will quickly discover just how few of the products are grown in Canada. This is ironic; as most gardeners know, many imported fruits and vegetables can grow extremely well in Canada.

    Canada imports around 50 per cent of vegetables and 75 per cent of fruits from abroad, much of it from the United States.

    This has not traditionally caused concern since the agri-food sector has a net trade surplus. But among Canadian crops, just two — canola and wheat — dominate total earnings.

    Canada’s need for imports leaves it vulnerable, but so does its need for exports.

    In 2019, for instance, after the arrest of Huawei executive Meng Wanzhou, China imposed harsh trade restrictions on Canadian canola. That year, canola exports to China fell by 70 per cent.

    Today, Canada faces similar issues with 100 per cent tariffs imposed by China on canola products.

    Instead of just bailing out farmers impacted by current events, governments should help those who are interested to diversify and grow crops that can be sold domestically.

    Benefits of diversifying our agriculture

    Even before the current tariffs, there were good reasons for diversifying Canadian agriculture and growing food locally.

    The nutritional value of vegetables decreases during storage and transport, suggesting that local produce may be healthier. Similarly, crop diversity can be an important tool for improving plant and soil health and so increasing yields while ensuring environmental sustainability.

    In a meta-analysis of 5,156 experiments from across the globe, researchers in France and the Netherlands showed that crop diversification typically enhanced net productivity, soil function and ecosystem services. It had the greatest effect on water quality and organism-induced damage; weed reduction, pest reduction, disease control and associated crop damages showed 33-60 per cent average improvements.

    The benefits in terms of soil health and productivity may be compounded by intercropping plant species with fungi. Preliminary results from my current research project suggest that edible saprotrophic fungi could be used as a tool for maintaining soil health while minimizing the use of environmentally problematic soil amendments.

    Diversification studies include a range of different land management techniques, some of which involve elaborate intercropping approaches that might be difficult to implement on an industrial scale. However, even relatively simple crop rotation approaches have a positive impact on soil carbon, nutrient levels, microbial activity, biodiversity and net productivity, potentially leading to increased profitability.

    The impacts of climate change

    Longstanding arguments for crop diversification have been compounded by climate-change-induced food insecurity. Increases in the frequency and severity of wildfires and droughts suggest that rely on regions like California for food imports might be poor long-term planning.

    Similarly, parts of Canada face an increased risk of weather-induced crop failure. Crop species may no longer be a good match for the current climatic conditions where they’re grown. Canola and wheat, for instance, are vulnerable to drought and heat stress during the flowering period.

    Crop diversification has long been used to minimize the impacts of climate insecurities in developing countries with less access to artificial irrigation and soil amendments. Switching to crops that can handle extreme weather events, like some beans, legumes and grains, could similarly increase Canada’s climate resilience. Additionally, using crop rotation strategies based on a greater diversity of crops grown may help maintain higher yields during adverse weather.

    How the government can help farmers

    Canada is a world leader in agricultural research. Globally, the country ranks fifth with respect to articles published, but is further behind when it comes to implementation on farms.

    Despite the high benefit-to-cost ratios of applications of agricultural research, only six per cent of Canadian farmers are willing to adopt new approaches before they have been tested at scale. Meanwhile, almost 30 per cent are reluctant to change approaches at all.

    This is hardly surprising. Change is always associated with risks. For instance, while the majority of studies show a net benefit of diversification strategies, there are huge, context-dependent variations in the outcomes. Climate, soil, crop species and microbial communities all matter in ways that can be difficult to predict.

    Most farmers do not have the resources to retool their farms for new crops and assume the risks. Many face financial struggles and rising debt. This is due in part to higher production costs and lower commodity prices caused by large corporations controlling both the sales of farm supplies and the purchase of agricultural products.

    Skilled labour shortages and issues retaining younger workers may also undermine the willingness and ability to diversify with new crops. Qualified migrant workers with agricultural backgrounds could help, but restrictive immigration policies make finding workers challenging.

    Reactive government assistance that just keeps farmers above water will not address the challenges of a changing global trade environment and climate. To sustain momentum, the government needs to proactively fund targeted, large-scale feasibility studies and provide training, recruitment and transition funding for those interested in novel crop systems.

    Agriculture is part of the foundation for our society. We have become accustomed to having access to plenty of fresh food, but this is not the global or historical norm.

    Canada’s food supply is maintained by farmers both at home and abroad who, for generations, have worked long days at low wages to feed us. If they do not receive the support required to adapt to our changing world, we might all discover how valuable food really is.

    Karen K. Christensen-Dalsgaard does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Crop diversification is crucial to Canadian resilience in a changing world – https://theconversation.com/crop-diversification-is-crucial-to-canadian-resilience-in-a-changing-world-256763

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Two agreements with representatives of the Science and Technology Administration of the High-Tech and Industrial Region of Harbin were signed at the State University of Management

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On May 27, 2025, a delegation from the Science and Technology Administration of the Harbin High-tech and Industrial Zone and the PUE Shanghai Business Incubator Administration visited the National University of Management.

    At the meeting with the management of the State University of Management, two cooperation agreements were signed and vectors for its further development were outlined.

    Rector of the State University of Management Vladimir Stroyev: “Dear colleagues, friends, comrades, I am glad to welcome such a representative and serious delegation within the walls of the State University of Management. Our meeting is aimed at strengthening the strategic partnership with the industrial region of Harbin. In the new era, relations between the Russian Federation and the People’s Republic of China are rapidly developing, which was confirmed during the visit to Russia of the General Secretary of the Central Committee of the Communist Party of China Xi Jinping. We are especially pleased that this visit was timed to coincide with the celebration of the Victory in the Great Patriotic War, as well as the end of World War II and the victory over militarist Japan. There are many tasks and issues on the agenda. I hope that even if we do not solve them all today, we will outline the directions for these decisions. I am confident that the visit will serve the further development of relations between our countries.”

    Deputy Head of the Harbin High-Tech and Industrial District Committee Wang Hong: “Dear Rector and the SUM team, good morning! It is an honor for us to visit a prestigious university with a long history. Before the visit, we studied your university in terms of experience in training personnel for your country and in cooperation with China. Our countries are close not only geographically, economically, but also culturally. The recent visit of the PRC leaders to Russia was intended to continue the development of these ties. Our visit today has the same goal. Harbin is the largest historical base for training personnel for cooperation with Russia; today, it is home to 23 universities.”

    Next, Comrade Wang Hong outlined the priority areas of cooperation with the National University of Management: 1. Establishing strong ties and organizing regular mutual visits between the parties, as well as integrating educational programs; 2. Scientific cooperation in the field of developing artificial intelligence, unmanned aerial vehicles, biomedicine, new materials and food production; 3. Organizing a student exchange program in the form of courses or summer schools to train competitive personnel.

    At the end of her welcoming speech, Wang Hong invited Vladimir Stroyev and other representatives of the State University of Management to come to Harbin on a return visit.

    Vladimir Vitalyevich accepted the invitation with gratitude, noting that he, as a native of Vladivostok, always dreamed of visiting Harbin and now this dream can come true, since good partners have appeared in the city.

    In a ceremonial atmosphere, the rector signed two cooperation agreements: with the Science and Technology Administration of the High-Tech and Industrial District of Harbin, represented by the Head of the Administration, Wang Di, and with the Administration of the Business Incubator “PuE-Shanghai”, represented by the General Director, Su Jing.

    Director of the Center for Management Development of the Higher School of Business and Technology of the State University of Management, Alexander Narezhnev, spoke about the goals and objectives of the department, educational programs and internships in China. The director proposed developing similar programs and starting cooperation in areas of science that are of interest to partners. In addition, Alexander Narezhnev proposed developing programs to support startups and providing partners with a platform to open their representative office on the territory of the State University of Management.

    Vladimir Filatov, Director of the Center for Management of Engineering Projects at GUU, reported that the Center, under his leadership, is conducting developments in the field of artificial intelligence, drones, computer vision, and the agricultural industry, and also shared his experience of cooperation with the Chinese side – GUU and one of the Shanxi universities submitted a joint application for research with funding from national funds.

    Deputy Head of the Harbin High-Tech and Industrial District Committee Wang Hong said that the district is an economic zone responsible for developing relations with Russia, so there is a special competence center and a bank to ensure financial transfers. To simplify the start of work, partners are offered turnkey services. In this regard, Wang Hong proposed considering the possibility of opening a representative office of the State University of Management in Harbin.

    During the subsequent meeting, the partners discussed the possibilities of cooperation in the areas of MBA and internships, agreed to hold a joint round table and exchanged contact information.

    Vice-Rector of the State University of Management Dmitry Bryukhanov noted that the discussion arouses a keen interest in joint activities, and suggested developing and exchanging specific proposals for work in the field of science and education, and later signing further agreements at the 9th Russian-Chinese EXPO, which will take place on July 7–10 in Yekaterinburg. The distinguished guests agreed with this proposal.

    At the end of the visit to SUM, the delegation from Harbin was given a tour of the university campus.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: Innovation Saskatchewan Awards Over $177,000 to Startups Developing Public Sector Solutions Through Mist Program

    Source: Government of Canada regional news

    Released on May 27, 2025

    Innovation Saskatchewan is pleased to announce six Made In Saskatchewan Technology (MIST) partnerships between public sector organizations and tech startups looking to pilot technologies. 

    The province’s innovation agency invested $88,829 which was matched by public sector partners, for a total of $177,658 to help startups test their market-ready solutions in ways that benefit Saskatchewan citizens. 

    Through the MIST program, startups can receive up to $30,000 from Innovation Saskatchewan to develop real-world solutions for the public sector. In return, they gain valuable exposure, feedback and validation that can help them grow their customer bases and unlock future opportunities. Public sector partners collaborate with these startups to tackle service delivery challenges advancing their own initiatives while contributing to Saskatchewan’s broader technology landscape. 

    “Saskatchewan is home to highly skilled people committed to working collaboratively to develop solutions and establish new pathways for a brighter future,” Minister Responsible for Innovation Saskatchewan Warren Kaeding said. “The MIST program provides a unique opportunity for the province to grow the tech sector and advance our commitment to innovation through strategic partnerships that drive economic growth across our communities.” 

    MIST funding is supporting six pilot projects identified in the 2024-25 annual intake: 

    “Connecting the province’s startups with public and community-based organizations utilizes Saskatchewan’s natural capacity for collaboration to drive meaningful innovation,” Innovation Saskatchewan CEO Kari Harvey said. “MIST provides a built-in customer base and financial support that helps reduce barriers and increase growth during early stages that are traditionally high risk for startups.” 

    MIST is among the few programs in Canada that directly supports early-stage tech companies as they work to solve public sector and community challenges. Since 2018, Innovation Saskatchewan has committed more than $162,500 in MIST funding to 12 technology pilot projects by Saskatchewan startups, including SolusGuard, SuperGeoAI, memoryKPR and drOPs. 

    For information on how to apply for the MIST program, please visit innovationsask.ca/initiatives/mist or email mist@innovationsask.ca. 

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI: SEALSQ Corp, a member of the WISeKey Group, Signs a Share Purchase Agreement to Acquire 100% of IC’ALPS

    Source: GlobeNewswire (MIL-OSI)

    SEALSQ Corp, a member of the WISeKey Group, Signs a Share Purchase Agreement to Acquire 100% of IC’ALPS

    Geneva, Switzerland – May 27, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or “the Company”), a global leader in cybersecurity, digital identity, and IoT technologies, today announced the signing of a Share Purchase Agreement (“SPA”) between SEALSQ Corp (“SEALSQ”), , a leading developer and provider of Semiconductors, PKI, and Post-Quantum technology hardware and software solutions, a member of the WISeKey Group of Companies, and the shareholders of IC’ALPS SAS (the “Sellers”)1, an Application-Specific Integrated Circuit (“ASIC”) design and supply specialist based in Grenoble, France (“IC’ALPS”) for the acquisition of 100% of the share capital and voting rights of IC’ALPS(“the Acquisition”).

    The SPA is the result of a period of exclusive negotiations between SEALSQ CORP and the Sellers, announced by SEALSQ on February 27, 2025. The main terms and conditions of the SPA announced by WISeKey on May 22, 2025 remain applicable. The proposed strategic Acquisition is now solely subject to the satisfaction of certain closing conditions including among others, approval of the Acquisition by the French Ministry of the Economy in accordance with articles L.151-3 and R.151-1 et seq of the French Financial and Monetary Code (code monétaire et financier).

    The Transaction is expected to be completed in the third quarter of 2025, subject to satisfying the conditions to closing, including the necessary regulatory approval by the French Ministry of the Economy.

    About IC’ALPS:
    IC’ALPS is your one-stop-shop ASIC partner. Based in France (HQ in Grenoble, two design centers in Grenoble and Toulouse), the company provides customers with a complete offering for Application Specific Integrated Circuits (ASIC) and Systems on Chip (SoC) development from circuit specification, mastering design in-house, up to the management of the entire production supply chain. Its 100+ engineers’ areas of expertise include analog, digital and mixed-signal circuits (sensor/MEMS interfaces, ultra-low power consumption, power management, high-resolution converters, high voltage, signal processing, ARM and RISC-V based multiprocessors architectures, hardware accelerators) on technologies from 0.18 µm down to 1.8 nm, and from multiple foundries (TSMC, Global Foundries, Tower Semiconductor, X-FAB, STMicroelectronics, Intel Foundry, etc.). The company is active worldwide in medical, industrial, automotive, IoT, IA, mil-aero, and digital identity & security sectors. IC’ALPS is ISO 9001:2015, ISO 13485:2016, EN 9100:2018, Common Criteria certified, IATF16949-ready, member of TSMC Design Center Alliance (DCA), Intel Foundry Accelerator Design Services Alliance and Value Chain Alliance (DSA & VCA), ams Osram Preferred Partner and X-FAB’s partner network.
    More information: www.icalps.com and  https://www.linkedin.com/company/ic-alps

    About SEALSQ:
    SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

    SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

    For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Forward-Looking Statements
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the actual adjustments that arise upon conversion of the financial information of IC’ALPS to US GAAP in relation to net sales, operating expenses and income tax income in the income statement for twelve months ended December 31, 2024 and 2023, and in relation to intangible assets, current liabilities, and pension and debt liabilities in the balance sheet as at December 31, 2024 and 2023, in comparison with the French GAAP ; the entering into of definitive documents, the authorization by French regulatory authorities and the successful closing of the Acquisition; and the risks discussed in WISeKey’s filings with the SEC. Risks and uncertainties are further described in reports filed by WISeKey with the SEC.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com    		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    1 The Sellers are Doliam SA, Mrs. Lucille Engels and Mr. Jean-Luc Triouleyre.

    The MIL Network –

  • MIL-OSI: Planisware – Availability of documents relating to the general meeting

    Source: GlobeNewswire (MIL-OSI)

    Availability of documents relating to the combined general meeting of June, 19 2025

    Paris, France, May 27, 2025 – Shareholders of Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy, are invited to attend the Annual General Meeting to be held on Thursday, June 19, 2025 at 9am CET. at Planisware’s headquarters, 200, avenue de Paris – 92320 Châtillon, France (the “Meeting”).

    The meeting notice, including the agenda and the text of the proposed resolutions, was published in the Bulletin des Annonces Légales Obligatoires (BALO) No. 57 on May 12, 2025. The procedures for participating and voting at this Meeting are set out in this notice. It will be followed by a convening notice published in the BALO and in a legal gazette within the time limits specified by applicable laws and regulations.

    These notices are also available on Planisware website at the following address: https://planisware.com (section 2025 General Meeting).

    The Meeting will be broadcasted live on Planisware website1.

    How to participate

    Shareholders may choose one of the following three methods to exercise their voting rights at the Meeting:

    • attend the Meeting;
    • proxy the Chairman of the Meeting or any other natural or legal person;
    • vote by mail or online on the VOTACCESS website.

    The terms and conditions for participation will be detailed in the convening notice, which will be posted on the Planisware website (section General Meeting 2025).

    Availability of preparatory documents

    Shareholders may from now on consult and download the information and documents provided for in Article R.22-10-23 of the French Commercial Code (including the meeting notice, the convocation brochure, and the 2024 Universal Registration Document) relating to the Meeting on the Planisware’s website at the following address: https://planisware.com (section 2025 General Meeting).

    Documents that must be made available to shareholders in connection with general meetings are available at Planisware’s registered office, located at 200, avenue de Paris – 92320 Châtillon, France, in accordance with applicable legal and regulatory provisions.

    Written questions from shareholders

    Shareholders may submit written questions to Planisware in accordance with Articles L. 225-108 and R. 225-84 of the French Commercial Code. These questions should preferably be sent by email to the following address: assembleegenerale@planisware.com (or to Planisware’s registered office by registered letter with acknowledgment of receipt) no later than the fourth business day prior to the date of the Meeting, i.e., by midnight on June 13, 2025.

    They must be accompanied by proof of registration in the account.

    Upcoming event

    • June 24, 2025:                Dividend Ex-date
    • June 26, 2025:                Dividend Pay-date
    • July 31, 2025:                 H1 2025 results publication
    • October 21, 2025:         Q3 2025 revenue publication

    Contact

    About Planisware

    Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

    With circa 750 employees across 16 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”).

    For more information, visit: https://planisware.com/ and connect with Planisware on LinkedIn.

    1 Unless technical reasons make this impossible or seriously disrupt the broadcast. Furthermore, it is noted that live voting via the Internet will not be possible during the broadcast of the Meeting.

    Attachment

    The MIL Network –

  • MIL-OSI Europe: European monetary policy in times of high uncertainty | Lecture at ZEW – Leibniz Centre for European Economic Research

    Source: Deutsche Bundesbank in English

    Check against delivery.

    1 Certain uncertainty
    Ladies and gentlemen, 
    Thank you very much for your invitation and kind welcome. I am delighted to be with you here in Mannheim today.
    With this series of events, the ZEW has been providing a forum for political, economic and academic exchange for more than three decades now. You have set out your expectations very clearly: Pressing economic policy issues and recent developments are the focus. 
    At present, pressing issues and developments are indeed coming thick and fast. Take, for example, the numerous pivots in trade policy by the US Administration. Sometimes the issues are already outdated before you have even had a chance to address them. In any case, one thing is clear: we have a lot to discuss today. 
    Ladies and gentlemen,
    When the ZEW proposed a topic to me just over two months ago, I had no doubt in my mind: there was no chance that the chosen topic would already be outdated. And why not? As Alan Greenspan, former Chairman of the US Federal Reserve, once said: “Uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape.”[1]
    Greenspan said this in 2003. The term “the Great Moderation” had just been coined to describe a period of exceptional macroeconomic stability.[2] Uncertainty seemed to be relatively low at that time. Nevertheless, Greenspan stressed the factor of uncertainty. And he is not alone in this. I would imagine that none of you have ever heard a central banker say that uncertainty is currently negligible. 
    From my own experience, I can confirm that, when making monetary policy decisions, we are always faced with uncertainty. It is, after all, in the nature of the matter: the decisions impact a future that cannot be precisely predicted. Dealing with uncertainty is therefore part of the job description of monetary policymakers. What is constantly changing are the causes and degree of uncertainty. And that brings us to the heart of today’s topic: European monetary policy in times of high uncertainty. 
    In my lecture today, I will address three key questions: How should monetary policy deal with uncertainty in general? What are the main causes of uncertainty at present and in the future? How is monetary policy in the euro area navigating the current period of high uncertainty?
    2 Monetary policy under uncertainty
    Let us start with the subject that we have just touched upon: the impact of monetary policy unfolds only gradually. The decisions of today affect the inflation of tomorrow. The gap between decisions and their impact necessitates a forward-looking approach. Or, to put it another way: when we are out in the monetary policy landscape, we are also looking to our more distant surroundings. 
    This means that a core part of preparing for monetary policy meetings is to assess future developments. And, unlike with the weather, for example, the current situation is not entirely clear, either. A broad set of data and diverse economic models are therefore helpful for us. Like a magnifying glass and a pair of binoculars, they make it easier for us to examine our environment as closely as possible. Following on from this, we can differentiate between two types of uncertainty: data uncertainty and model uncertainty.
    Data uncertainty arises because not all of the information is available to obtain a picture of the “true” state of the economy. There are a number of reasons for this: not all of the data that would be of interest are recorded statistically or can be recorded in their entirety. Some data are only available with a considerable time delay. Some are subject to measurement issues, so the data need to be revised later. 
    To give one example: for economic activity in the euro area, Eurostat provides a preliminary flash estimate around four weeks after the end of a quarter. This is based on a very limited dataset, and especially the figures for the third month of the quarter need to be estimated. The actual flash estimate is released two weeks later. But even this does not yet include any details or nominal data. Another two to three weeks later, it is followed by an initial estimate with a more detailed breakdown by components. However, even then, changes should still be expected, and these can sometimes be considerable. 
    This demonstrates how we have only incomplete knowledge of the present in real time. The description and assessment of the current situation are therefore already subject to uncertainty. 
    In addition to this, there is model uncertainty. In order to be able to examine macroeconomic processes, complex realities must be simplified. This simplification is achieved through models. They are confined to a small number of interrelationships that are as relevant as possible. All others are disregarded. In monetary policy, we use models, for example, to predict the development of inflation or to estimate the effects of our monetary policy measures. However, there is plenty of room for discussion on whether the simplifications in each model are always adequate. 
    But even if we were all in agreement on the model framework, other sources of uncertainty still remain. This concerns, for one thing, the parameters. These reflect the assumed strength and dynamics of the relationships within a given model. The parameters are usually estimated on the basis of past observations. The estimation results therefore also depend on the selected investigation period. Furthermore, parameters can evolve over time, for example as a result of structural change. Particularly if this happens abruptly and the structural breaks are not detected immediately, the model results can then be misleading. 
    For another thing, models often make use of variables that cannot be observed directly, such as potential output or natural interest rates. These must themselves be estimated, which entails considerable uncertainty.[3] This also shows how closely data uncertainty and model uncertainty are intertwined.
    To summarise: models arrive at different results due to uncertainties in their structure, parameters and estimation variables, which may lead us to different conclusions. Assessment by experts then often determines the final forecast picture. 
    In practice, data uncertainty and model uncertainty are especially relevant when unexpected events occur. At these times, monetary policymakers’ need for comprehensive information is, of course, particularly great. This is because the appropriate monetary policy response depends on the nature of the unexpected events in question. However, data uncertainty and model uncertainty make it difficult to definitively ascertain the exact nature and magnitude of a shock that is currently taking place. There is a relatively high risk of being wrong. What can monetary policymakers do against this?
    First of all, we draw on many different sources of information to obtain as complete a picture of the current situation as possible. For example, in 2019 and 2020, we at the Bundesbank began to regularly survey households and firms about their assessments and expectations. Since 2020, we have been measuring the activity of the German economy using a weekly index. Since the start of the war in Ukraine, models have been developed that explicitly take gas price shocks into account. 
    In addition, we are continually working on improving our forecast models even further. Artificial intelligence now offers new possibilities, such as capturing non-linear relationships, analysing large sets of data, and automating and accelerating analytical processes. We are intensively examining all of these possibilities at the Bundesbank. And we have already achieved some promising successes in this regard. I will come back to touch upon one specific prototype later on.
    Given the data uncertainty and model uncertainty, we in monetary policy are well advised to pursue a strategy that is as robust as possible. To stick with the image of Alan Greenspan: in the monetary policy landscape, you should best avoid flip-flops. Sturdy footwear is needed here. A robust strategy produces good results under various assumptions and prevents particularly costly mistakes.
    The more uncertain the setting, the greater the risk of policy errors. That is why, when uncertainty is high, monetary policymakers are also in demand as risk managers. We have to consider various scenarios, assess the likelihood that they will materialise as well as their implications, and also weigh up the costs and benefits of different monetary policy paths that lead to the inflation destination. How do these considerations affect our decisions? The short answer is: it depends.
    A gradual approach might make sense when uncertainty is high.[4] It is human nature: when the room you are entering is dark, you do not simply rush in. You proceed slowly, taking small steps. Applying this analogy to monetary policy, the costs of reversing policy following an error could outweigh the costs of acting too late. “Flip-flopping” could itself add to the uncertainty and destabilise expectations. Moreover, abruptly changing direction can precipitate greater volatility in financial markets and pose risks to financial stability. 
    That said, it will not always be the case that cautious monetary policymaking is a good response to high uncertainty. I am talking about situations in which a “wait-and-see” attitude increases the risk that the outcome will be particularly unfavourable. Going back to the dark room I mentioned just now: if the flames are right behind you, you should not edge your way forwards in small steps. A scenario where inflation expectations risk drifting off might be just such a case. Then, a vigorous response would be appropriate to protect yourself from this worst-case scenario. As you can see, it may be necessary to respond swiftly and comprehensively, precisely because uncertainty is high. 
    Clearly, monetary policymakers acting as risk managers would be well advised to take robust control approaches into account when making decisions in particularly uncertain times.[5]
    3 Drivers of uncertainty
    3.1 Trade policy flip-flopping
    Ladies and gentlemen,
    Right now, these considerations are anything but mere theory. And that is due, not least, to the White House. Since the change of administration in the United States, no little uncertainty has been rippling across the Atlantic. The waves caused by US trade policy have been particularly huge. 
    Since April, the United States has been imposing additional tariffs of at least 10 % on all its trading partners. Tariffs that are higher still apply to imports of steel and aluminium as well as to cars and automotive parts. Tit-for-tat tariff hikes by the United States and China drove tariff rates to more than 100 % at times. In mid-May, the two countries agreed to lower them significantly for a time.[6] Even so, the average effective US tariff rate has climbed by more than 13 percentage points in the year to date, reaching its highest level since the 1930s.[7] In addition, there is a risk of tariffs going higher still as of July if bilateral negotiations fail. 
    The shock waves unleashed by US trade policy are not only having an impact via the actual tariff burden. Their unpredictability and the doubts they have raised about US economic and fiscal policy are also leaving a mark, as reflected by the sometimes severe fluctuations in financial markets. The tariff hikes announced on 2 April, for example, caused implied stock market volatility to spike significantly higher. This points to a high degree of uncertainty among market participants – in the United States especially, but also in the euro area.
    Measured in terms of the number of mentions in newspaper articles, trade policy uncertainty peaked this spring.[8] And that is hardly surprising given how many questions this topic is raising: which tariffs will be put into effect, temporarily suspended or withdrawn – and when? What retaliatory measures will follow in each case? To what degree will goods flows in global trade be diverted? What will be the fallout from this? Will action be taken to curb these diversions? And, if so, by whom? You could keep going like this ad infinitum. 
    Even in times when trade policy moves in straight lines, forecasts of the economic impact of upheavals in the tariff regime would be no more than rough approximations. But we are dealing with an almost unpredictable cycle of events: tariffs are threatened, put into force, partially withdrawn, and then threatened again. 
    One example of this is the US tariff policy imposed on the EU. First, on 12 March, the United States imposed general tariffs of 25 % on steel and aluminium. A little time later, additional blanket tariffs of 25 % were imposed on cars and automotive parts as well. On 2 April 2025, President Trump also announced what he called “reciprocal” tariffs for a host of trading partners depending on the bilateral trade deficit and amounting to at least 10 %, and, in the case of the EU, 20 %. But then, with turmoil raging in financial markets, President Trump, on 9 April, suspended the tariffs for 90 days, initially in order to reach “deals”. The minimum 10 % tariff and the additional 25 % tariff on cars, steel and aluminium were left in place, though. On 23 May, President Trump threatened the EU with 50 % tariffs, starting on 1 June – a threat he withdrew two days later. This means that forecasts are based on a footing that is less stable than usual.
    As far as economic growth is concerned, at least the direction of travel seems to be clear: Germany, like the euro area as a whole, is likely to suffer marked losses as a result of US tariff policy. First, the higher tariffs will make European goods less competitive in the US market. This will probably shrink exports to the United States. Second, sluggish economic activity in the United States and other trading-partner countries will dampen demand for products from Europe. Third, the high degree of uncertainty makes longer-term planning more difficult. Enterprises could therefore postpone investment decisions in the hope of quieter times.[9] 
    The Bundesbank has simulated the impact of US tariff policy effective in mid-April, China’s retaliatory measures, and the immediate exchange rate response. The results suggest that economic output in the euro area could be just under half a percentage point lower over the medium term. 
    The direction in which the trade dispute will move inflation in the euro area, however, remains unclear. On the one hand, weaker growth tends to dampen prices. Potential diversion effects resulting from more goods from China in the European market might also leave inflation somewhat lower. On the other hand, any retaliatory tariffs imposed by the EU would fuel inflation. 
    How the exchange rate will evolve going forward remains to be seen. In theory, the expected response to the US tariffs would be a stronger dollar. If anything, this would tend to drive prices higher in the euro area. But things have played out differently so far. In the wake of the tariff discussions, trust in the US dollar has declined, at least temporarily, causing the currency to depreciate markedly since 2 April. In the euro area, this has dampened inflation.
    Thinking beyond day-to-day terms, it is conceivable that longer-term effects will materialise as well. For example, tariffs can have a particularly negative impact on trade in intermediate goods.[10] This is because they shake the calculations upon which global production networks are based. 
    Enterprises have fine-tuned their supply chains to forge highly cost-efficient production structures. However, the trade barriers are putting a spanner in the works of global value chains. Enterprises will have no option but to recalculate their supply chains and tweak some of their relationships with suppliers. They will build up new partnerships and no doubt pay particular attention to strengthening their resilience. This will not happen overnight, especially with political conditions as unsettled as they are right now.[11] In the process, they may well relinquish some of the efficiency gains they have reaped. Over the medium term, this could generally drive up their costs and, as a result, their prices as well.
    3.2 Structural change is progressing
    The reconfiguration of global value chains is working in tandem with other structural changes: among them, first and foremost, climate change and the transition to a climate-neutral economy. The ageing of society is also playing a role, with more people entering retirement and fewer people still in the workforce. And let us not forget digitalisation, which brings with it great opportunities for increased productivity but also considerable change in many professional fields, as well as the risk of giving individual big players more market power.
    All of these factors could influence the inflation environment. It is often unclear in which direction inflation is heading, and it may change over time. Overall, these structural drivers make it difficult to assess medium-term inflation developments.
    3.3 New geopolitical realities
    Alongside structural change and the almost fully unpredictable developments in the tariff dispute, there is a third factor of uncertainty. Old security policy certainties have given way to new geopolitical realities. This is creating new challenges for Europe: we will thus need to invest significantly more in our own security.
    In order to sufficiently bolster our defence capabilities, considerably greater funds are required. There is a strong case against financing such ad hoc needs in the short term solely by rebalancing budgets. The European Commission, for instance, proposes activating the national escape clause in the EU fiscal rules in order to temporarily allow countries greater scope for borrowing.[12] 
    I think this is a justifiable approach. It would allow countries to gradually adjust to higher defence spending. However, it must be clear that this would only be a transitional period. Increased deficits cannot become a permanent state of affairs. A resilient Europe that is capable of action rests on a stable foundation. This includes sound public finances whereby key items are funded in the core budget and through current revenue.
    Overall, there are signs of a more expansionary fiscal policy stance for the euro area. Whether or not greater debt also leads to greater price pressures in the euro area depends on many factors, such as what the additional money is spent on, how quickly it flows out, and how much money flows in from abroad. These uncertainties make it more difficult to forecast developments. In any case, the ECB Governing Council is keeping a close eye on risk. As stated in the account of our April meeting: A boost in defence and infrastructure spending could also lift inflation over the medium term.
    4 Monetary policy stance in the euro area
    The current high level of uncertainty is a slight dampener on the gratification brought about by positive developments: since the beginning of the year, the euro area inflation rate has fallen from 2.5 % to 2.2 % in April. This has finally brought the target within reach. We are on the right path, even if it remains rocky. The core rate has recently risen again. At 4 %, prices for services, in particular, have seen surprisingly steep growth. 
    The ECB Governing Council will continue to steer the monetary policy stance in such a way that the inflation rate stabilises at 2 % over the medium-term. You may now be asking yourselves: What exactly does that mean for the next meeting in June? Will there be another interest rate cut? Pressing as these questions are, I unfortunately cannot answer them today.
    Since July 2022, we on the ECB Governing Council have been following a data-dependent approach, making decisions on a meeting-by-meeting basis. This approach has proved successful when dealing with the heightened uncertainty of recent years, such as during the aftermath of the COVID-19 pandemic and in the wake of Russia’s war of aggression against Ukraine. We have stayed flexible and have continuously assessed how the incoming data change the medium-term inflation outlook. Here, we supplemented our baseline – which is the most likely outcome – with scenario analyses. This also allowed us to assess the probability of less likely but still conceivable outcomes. 
    Using this approach, I believe that we are well equipped to deal with the current high level of uncertainty, too. As I explained earlier, inflation could be higher or lower than the latest expectations, depending on how the tariff dispute develops as well as other influencing factors like the exchange rate, services prices and fiscal packages. In light of this, it seems to me more advisable than ever to make decisions meeting by meeting on the basis of the latest data. If we had not already been operating so flexibly, we would have had to start doing so now, at the latest. It would be impossible to reliably commit to a specific interest rate path at the current juncture.
    In June, the ECB Governing Council will have a fresh set of data and an up-to-date forecast. These will help us to align the monetary policy stance in a way that will bring us another step closer to our goal. Our destination is clear: we want the inflation rate to reach the target of 2 % soon and to stabilise there on a sustainable basis. Of that, there is no doubt. In doing so, we are thus providing a stable anchor for inflation expectations. 
    Anchored inflation expectations make it easier for monetary policymakers to bring inflation back to target after unexpected events. The successes in the fight against the far too high inflation rates of the past few years were achieved at relatively low economic cost.[13] This was partly attributable to the fact that inflation expectations were better anchored than before. But we cannot rest on our laurels with regard to the future, because the starting position has changed. We no longer have decades of moderate inflation rates behind us. For many people, the experience of such strong price surges was new and dramatic. The memory of this is unlikely to fade quickly.[14]
    Inflation expectations, as well the associated price and wage setting, may now respond more quickly or more strongly to future inflation shocks. We therefore need to be particularly vigilant when it comes to the evolution of inflation expectations. For instance, medium-term inflation expectations amongst euro area households and firms were recently on the rise again. Concerns about rising prices caused by tariff policy are not only on American minds, then. We will keep a close eye on this development.
    Ensuring that inflation expectations are firmly anchored is a permanent task for monetary policymakers. This can be achieved by ensuring that our commitment to stability is highly credible and that our communication is clear.
    To further improve clarity, we have since implemented AI-assisted text analysis methods, too. In this vein, the Bundesbank has developed a novel AI model that can produce detailed and transparent evaluations of monetary policy texts.[15] This allows us to assess, for example, whether certain statements are likely to send the desired signals. After all, we do not want our communication to trigger undesirable market reactions or create additional uncertainty. AI analysis does not replace human expertise. But it can help us to further improve our understanding of monetary policy communication and its impact.
    5 Conclusion
    Ladies and gentlemen, 
    If you are currently wondering whether this speech was generated by AI, or, indeed, if it will ever end, I can assure you that real people were involved in the speech-writing process, and I have now come to my closing remarks. Our AI model is currently used to evaluate texts. Incidentally, this speech was classified as “neutral” in monetary policy terms.
    Alan Greenspan would probably have pushed the model to its limits. His statements were often so cryptic that the media and financial markets took to seeking out other clues: for example, when it came to monetary policy decisions, they looked at the thickness of his briefcase. A slim briefcase was thought to indicate an uneventful meeting without interest rate changes, whilst a bulging briefcase signalled a need for discussion and an adjustment to the policy rate.[16] During his term in office, Mr Greenspan was once asked whether there was any truth to this theory. His answer: “The thickness of my briefcase depended on whether or not I had packed a sandwich.”[17] 
    Unfortunately, not all uncertainties can be so easily erased from the monetary policy landscape. But, as we can see, asking direct questions and talking to each other often contributes to greater clarity. Which makes me all the more excited for our discussion!
    Thank you very much. 
    Footnotes:

    Greenspan, A. (2003), Monetary Policy under Uncertainty, Remarks at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 29 August 2003.
    Stock, J. H. and M. W. Watson (2002), Has the Business Cycle Changed and Why?, NBER Working Paper No 9127.
    Nagel, J. (2025), r* in the monetary policy universe: Navigational star or dark matter?, Lecture at the London School of Economics and Political Science, London, 12 February 2025.
    Brainard, W. (1967), Uncertainty and the Effectiveness of Policy, American Economic Review, Vol. 57, No 2, pp. 411‑425.
    Hansen, L. P. and T. J. Sargent (2001), Robust Control and Model Uncertainty, American Economic Review, Vol. 91, No 2.
    See Deutsche Bundesbank (2025), The potential impact of the current trade dispute between the United States and China, Monthly Report, May 2025.
    The Budget Lab at Yale (2025), State of U.S. tariffs: May 12, 2025, Yale University.
    A description of the trade policy uncertainty index can be found in Caldara, D., M. Iacoviello, P. Molligo, A. Prestipino and A. Raffo (2020), The economic effects of trade policy uncertainty, Journal of Monetary Economics, Vol. 109. See also Deutsche Bundesbank (2025), The macroeconomic effects of heightened uncertainty, Monthly Report, May 2025.
    Deutsche Bundesbank (2018), The macroeconomic impact of uncertainty, Monthly Report, October 2018, pp. 49‑64.
    Deutsche Bundesbank (2020), Domestic economic effects of import tariffs with regard to global value chains, Monthly Report, January 2020.
    Bayoumi, T., J. Barkema and D. A. Cerdeiro (2019), The Inflexible Structure of Global Supply Chains, IMF Working Paper, No 19/193.
    See Deutsche Bundesbank (2025), EU fiscal rules: proposed activation of national escape clauses, Monthly Report, May 2025.
    Deutsche Bundesbank (2024), The global disinflation process and its costs, Monthly Report, July 2024.
    D’Acunto, F., U. Malmendier and M. Weber (2022), What Do the Data Tell Us About Inflation Expectations? NBER Working Papers, No 29825, March 2022.
    Deutsche Bundesbank (2025), Monetary policy communication according to artificial intelligence, Monthly Report, March 2025.
    Gavin, W. T. and R. J. Mandal (2000), Inside the briefcase: The art of predicting the Federal Reserve, The Regional Economist, July 2000.
    Alan Greenspan in an interview with “Stern”: “In der Badewanne hatte ich viele gute Ideen”, 30 September 2007. 

    MIL OSI

    MIL OSI Europe News –

  • MIL-OSI: Soitec Reports Fourth Quarter Revenue and Full-Year Results of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    SOITEC REPORTS FOURTH QUARTER REVENUE AND
    FULL-YEAR RESULTS OF FISCAL YEAR 2025

    • Q4’25 revenue reached €327m, stable at constant exchange rates and perimeter compared to Q4’24
    • FY’25 revenue amounted to €891m, down 9% both on a reported basis and at constant exchange rates and perimeter, in line with revised guidance
    • Soitec accelerated diversification confirmed with POI becoming Soitec’s fourth product to generate annual revenue of around $100m or more
    • Robust FY’25 EBITDA1margin2at 33.5%, current EBIT margin at 15.2%
    • Positive FY’25 Free Cash Flow, at €26m, while maintaining strong R&D and industrial investments
    • Q1’26 revenue, impacted by the anticipated phase-out of Imager-SOI, is expected down around 20% year-on-year at constant exchange rates and perimeter (Imager-SOI Q1’25 revenue: $25m)
    • FY’26 Capex cash-out expected around €150m, down from €230m in FY’25
    • Strong technology megatrends and Soitec’s innovative engineered substrates continue to sustain Soitec addressable market growth from ~5m wafers (200mm equivalent) in 2024 to ~12m in 2030
    • Given the current reduced visibility and market uncertainties, the Group withdraws any guidance, whether related to all or part of its activities. This includes the projection of a quite limited growth for FY’26, as well as the medium-term ambition to reach a revenue target of $2bn with an EBITDA margin of approximately 40%. Going forward, the Group will only provide revenue guidance on a quarterly basis

    Bernin (Grenoble), France, May 27th, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced its revenue for the fourth quarter of fiscal year 2025 and its full-year results of fiscal year 2025 (ended on March 31st, 2025). The financial statements3 were approved by the Board of Directors during its meeting today.

    Pierre Barnabé, Soitec’s CEO, commented: “On the back of strong sales in the fourth quarter, we closed fiscal year 2025 in line with our revised guidance, with a high-single digit decline in full-year revenue. In this context, strict cost management enabled us to deliver a robust EBITDA margin, generate positive free cash flow, and continue investing both in innovation and in our industrial capacity – all while maintaining a very healthy balance sheet.

    In a volatile and uncertain economic environment, we are focusing on parameters within our control to strengthen our fundamentals and accelerate our diversification beyond RF-SOI and beyond Mobile Communications. With the growing adoption of our new products by industry leaders – POI becoming an industry standard for innovative smartphones and Photonics-SOI gaining traction among industry leaders to equip the next generation of AI Datacenters – we have been able to partially offset the ongoing RF-SOI inventory correction and mitigate the impact of the weakness in the automotive industry. While RF-SOI remains by far the first contributor to our revenue, three other products – FD-SOI, Power-SOI and POI – are now each generating around or above 100 million US dollars in revenue.

    This environment however provides limited visibility. We have therefore decided to suspend all previously issued guidance and to only provide revenue guidance on a quarterly basis. We expect Q1’26 to reflect the impact of the Imager-SOI phase out, which we had already anticipated and prepared for. Q1’26 revenue is hence expected to be down around 20% year on year, Imager-SOI contributing 25 million dollars in Q1’25.

    We remain confident in our solid fundamentals and in our ability to accelerate growth as soon as our end markets begin to recover. Our strong technology megatrends – 5G, Energy Efficiency and Artificial Intelligence – and our unique expertise in engineered substrates continue to support the expansion of our Addressable Market from around 5 million wafers (200-mm equivalent) in 2024 to around 12 million in 2030”, added Pierre Barnabé.

    Fourth quarter FY’25 consolidated revenue

      Q4’25 Q4’24 Q4’25/Q4’24
             
             
    (Euros millions)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 220 222 -1% -2%
    Automotive & Industrial 45 44 +1% 0%
    Edge & Cloud AI 63 70 -11% +2%
             
    Revenue 327 337 -3% -1%

    Soitec revenue reached 327 million Euros in Q4’25, down 3% on a reported basis compared with revenue of 337 million Euros achieved in Q4’24. This reflects a 1% year-on-year decline at constant exchange rates and perimeter, a negative scope4 effect of 3% related to the divestment of Dolphin Design’s businesses, and a positive currency impact of 1%.

    Each one of Soitec’s three divisions recorded an almost stable organic change in revenue in Q4’25 compared to the high base achieved in Q4’24. The slight organic decline in Mobile Communications revenue was partly offset by a small increase in Edge & Cloud AI revenue, while Automotive & Industrial was stable. This is however reflecting different dynamics per product, with further strong traction in POI wafers for smartphone filters and in Photonics-SOI wafers for data centers.

    Mobile Communications

    In the context of a moderately recovering smartphone market and with a progressively improving inventory situation across the supply chain, Mobile Communications revenue reached 220 million Euros in Q4’25, down 2% at constant exchange rates and perimeter year-on-year.

    On RF-SOI wafers, Soitec benefited, as expected, from a usually strong seasonal stock rebuilding at the beginning of the calendar year. Volumes of RF-SOI wafers sold were higher in Q4’25 than in Q4’24, with a slightly negative price / mix effect, thus partly mitigating a significant decrease in 200-mm RF-SOI volumes.

    Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters continued to grow sequentially from one quarter to another, translating into a sharp year-on-year increase in Q4’25. The adoption of Surface Acoustic Wave (SAW) filters on POI continued to accelerate. Ten customers are in volume production, and thirteen others in qualification phase.

    Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, have been slightly growing in Q4’25 compared to Q4’24.

    Automotive & Industrial

    Automotive & Industrial revenue reached 45 million Euros in Q4’25, flat at constant exchange rates and perimeter compared to Q4’24, despite the ongoing difficulties of the automotive market.

    After the particularly low level reached in Q3’25, volumes of Power-SOI wafers were significantly higher in Q4’25 than in Q4’24, although with a slightly negative price effect. Sales benefited from customer restocking at the beginning of their calendar year. Despite very low visibility, OEMs were keen to avoid stockouts in the event of a market rebound, but this most likely came at the expense of volumes in H1’26. As the Automotive market recovers, the outlook for Battery Management Systems remains strong and supports Soitec’s product roadmap towards 300-mm, further strengthening its positioning.

    Conversely, after a very strong performance in Q3’25, FD-SOI wafer sales recorded a slight year-on-year decline in Q4’25 compared to Q4’24. Automotive FD-SOI continues to be mostly driven by adoption for microcontrollers, radar and wireless connectivity, delivering superior performance and greater power efficiency compared to other existing technologies.

    Regarding SmartSiCTM, while Soitec initiated a sixth customer qualification process early Q4’25, the slower-than-expected growth of the electric vehicle market, combined with the longer than initially anticipated customers’ qualification cycles confirm the previously mentioned delay in the initially expected wafer production ramp-up.

    Edge & Cloud AI

    Edge & Cloud AI revenue reached 63 million Euros in Q4’25, up 2% at constant exchange rates and perimeter compared to Q4’24. On a reported basis revenue went down 11% as a result of the divestment of Dolphin Design’s businesses.

    Sales of Photonics-SOI wafers recorded another high sequential increase in Q4’25, as Soitec continues to benefit from a strong momentum in Cloud infrastructure investments across the Big Tech and Artificial Intelligence supply chains. On a year-on-year basis, sales were much higher than in Q4’24. As the exponential growth of AI-related computing power capabilities drives the need for more powerful and more energy-efficient data centers, Photonics-SOI has become a standard technology platform for high-speed and high bandwidth optical interconnections in data centers. Photonics-SOI are adopted in pluggable optical transceivers and used for the development of Co-Packaged Optics.

    In Q4’25 sales of FD-SOI wafers were above the level reached in Q3’25 but slightly down year-on-year compared to the high level recorded in Q4’24. This is mainly the consequence of deliveries requests put on hold by a couple of customers. FD-SOI technology is a key enabler for AI-driven consumer and industrial IoT applications due to its unique power efficiency, performance, thermal management and reliability advantages.

    Sales of Imager-SOI wafers for 3D imaging applications tapered off in Q4’25 due to the phase out of this product, as expected.

    FY’25 consolidated revenue

      FY’25 FY’24 FY’25/FY’24
             
    (Euros millions)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 546 611 -11% -12%
    Automotive & Industrial 129 163 -21% -22%
    Edge & Cloud AI 216 204 +6% +11%
             
    Revenue 891 978 -9% -9%

    Consolidated revenue reached 891 million Euros in FY’25, down 9% on a reported basis compared to 978 million Euros in FY’24. This reflects a 9% decline at constant exchange rates and perimeter, in line with Soitec’s latest guidance, a negative scope4 effect of 1% and a slightly positive currency impact of 1%.

    Overall, the sharp increase in sales of Photonics-SOI and POI wafers partly offset the drop in revenue recorded both in RF-SOI and in Power-SOI.

    • Mobile Communications revenue reached 546 million Euros in FY’25, down 11% on a reported basis and down 12% at constant exchange rates and perimeter year-on-year. Revenue was impacted by weaker RF-SOI volumes in connection with further inventory adjustment at customer level, especially in H1’25. RF-SOI performance was partly offset by a strong growth in POI wafer sales throughout the fiscal year and by slightly higher FD-SOI wafer sales. Mobile communications represented 61% of total revenue, almost stable vs FY’24.
    • Automotive & Industrial revenue amounted to 129 million Euros in FY’25, down 21% on a reported basis and down 22% at constant exchange rates and perimeter compared to FY’24. This revenue decline was primarily driven by lower Power-SOI volumes, reflecting weakness in the automotive market. Revenue from SmartSiC™ technology in connection with the initial phase of Soitec’s cooperation agreement with STMicroelectronics have also decreased year-on-year. This was partially offset by higher FD-SOI wafer sales. Automotive & Industrial represented 15% of total revenue against 17% in FY’24.
    • Edge & Cloud AI revenue reached 216 million Euros in FY’25, up 6% on a reported basis and up 11% at constant exchange rates and perimeter compared to FY’24. The organic increase in revenue was driven by higher sales of Photonics-SOI wafers, which benefit from sustained investment in Cloud infrastructure. Sales of FD-SOI went slightly down but remained at a high level, supported by the need for low-power computing devices and edge-AI applications. Imager-SOI sales were almost flat year-on-year despite the phase out of this product from early H2’25 onward. Edge & Cloud AI represented 24% of total revenue against 21% in FY’24.

    EBITDA1margin2maintained at a robust level

    Consolidated income statement (part 1)

    (Euros millions) FY’25 FY’24 % change
           
    Revenue 891 978 -9%
           
           
    Gross profit 286 332 -14%
    As a % of revenue 32.1% 34.0%  
           
    Net research and development expenses (85) (61) +39%
    Selling, general and administrative expenses (65) (63) +4%
           
           
    Current operating income 136 208 -35%
    As a % of revenue 15.2% 21.3%  
           
           
    EBITDA1,5 298 332 -10%
    As a % of revenue 33.5% 34.0%  

    Current operating income went down from 208 million Euros in FY’24 (21.3% of revenue) to 136 million Euros in FY’25 (15.2% of revenue). This reflects the weaker activity recorded in FY’25, but also higher R&D investment and higher depreciation expenses, as Soitec continues to invest to secure its competitiveness.

    • Gross profit reached 286 million Euros, down from 332 million Euros in FY’24. Gross margin declined by 1.9 points to 32.1% of revenue. This was essentially due to the lower sales volumes, of RF-SOI in particular, leading to a lower utilization of some of the industrial capacities, combined with an overall slightly negative price / mix effect. In addition, depreciation costs went up, reflecting the Group’s investment profile. These factors were mitigated by strong discipline in cost management, including lower purchase prices, by some agility in resource allocation between plants, and by higher subsidies.
    • Net R&D expenses increased from 61 million Euros in FY’24 (6.3% of revenue) to 85 million Euros in FY’25 (9.5% of revenue). Gross R&D expenses before capitalization went up 11% to 152°million Euros, as part of Soitec’s innovation strategy aimed at further investing in the next generation of SOI products, in compound semiconductors, as well as in new engineered substrates. In addition, Soitec booked a much lower amount of capitalized development costs in FY’25 (12 million Euros against 31 million Euros in FY’24). This was only partly offset by the recognition of higher R&D subsidies and higher prototype sales.
    • Selling, general and administrative (SG&A) expenses amounted to 65 million Euros in FY’25 (7.3% of revenue), up from 63 million Euros in FY’24. This slight increase is essentially due to non-recurring positive effects on labor costs recorded in FY’24 and higher depreciation expenses, notably related to recent IT investments in cybersecurity. On the other hand, lower share-based compensation and the divestment of Dolphin Design both had positive effects.

    EBITDA1,5 amounted to 298 million Euros in FY’25 compared to 332 million Euros in FY’24. EBITDA1,5 margin2 remained at a robust level, reaching 33.5%, only 50 basis points below the level of 34.0% recorded in FY’24. The combination of a lesser absorption of fixed costs due to lower volumes and higher level of R&D investments was offset by higher non-cash items, notably depreciation and amortization expenses and inventory valuation effects.

    Consolidated income statement (part 2)

    (Euros millions) FY’25 FY’24 % change
           
           
       
    Current operating income 136 208 -35%
           
           
    Other operating income / (expenses) (16) (3)  
           
           
    Operating income 119 205 -42%
           
    Net financial expense (9) (5)  
    Income tax (19) (23)  
           
           
    Net profit from continuing operations 91 178 -49%
           
    Net profit from discontinued operations 1 0  
           
           
    Net profit, Group share 92 178 -48%
           
           
    Basic earnings per share (in €) 2.57 5.00 -49%
           
    Diluted earnings per share (in €) 2.56 4.88 -48%
           
           
    Weighted average number of ordinary shares 35,670,651 35,655,679  
           
    Weighted average number of diluted ordinary shares 35,868,688 37,710,587  

    Other operating expenses amounted to 16 million Euros in FY’25, mainly reflecting a 13 million Euros loss on the divestment of Dolphin Design’s businesses.

    Consequently, the operating income stood at 119 million Euros, down from 205 million Euros in FY’24.

    The net financial result came as an expense of 9 million Euros in FY’25 compared to an expense of 5 million Euros in FY’24. Net financial expenses were 2 million Euros higher than in FY’24, reflecting new financing arrangements, while a net foreign exchange loss of 2 million Euros was recorded in FY’25 against a gain of 1 million Euros in FY’24.

    The income tax expense amounted to 19 million Euros in FY’25, down from 23 million Euros in FY’24. The effective tax rate, however, increased from 11% in FY’24 to 17% in FY’25, as a result of specific one-off items.

    In line with the decline in operating income, the net profit amounted to 92 million Euros in FY’25 (10.3% of revenue), down from 178 million Euros in FY’24 (18.2% of revenue).

    Positive Free Cash Flow generation

    Consolidated cash-flows

    (Euros millions) FY’25 FY’24
         
    Continuing operations    
         
    EBITDA1,6 298 332
         
    Inventories (38) (19)
    Trade receivables (30) (94)
    Trade payables (15) (45)
    Other receivables and liabilities 4 17
    Change in working capital requirement (79) (142)
    Tax paid (17) (25)
         
         
    Net cash generated by operating activities 202 165
         
    Net cash used in investing activities (176) (208)
         
         
    Free Cash Flow 26 (43)
         
    New loans and debt repayment (including finance leases), drawing on credit lines (36) (15)
    Financial expenses (14) (12)
    Liquidity contract and other items (1) (7)
         
         
    Net cash used in financing activities (50) (33)
         
    Impact of exchange rate fluctuations 4 (3)
         
    Net change in cash (21) (80)

    The Group generated a positive Free Cash Flow of 26 million Euros in FY’25, which represents a 69 million Euros improvement compared to the 43 million Euros negative Free Cash Flow recorded in FY’24. Despite a lower EBITDA1,5, this strong increase essentially comes as a result of a better change in working capital. It also benefited from lower tax paid and from reduced capital expenditure.

    Change in working capital remained under control with a cash outflow at 79 million Euros in FY’25, compared to a cash outflow of 142 million Euros in FY’24. FY’25 cash outflow is essentially reflecting:

    • a 38 million Euros increase in inventories as a couple of customers requested to put some deliveries on hold while some late changes in product mix also resulted in an increase in bulk material inventories,
    • a 30 million Euros increase in trade receivables, explained by a different customer mix,
      • a 15 million Euros decrease in trade payables.

    The net cash used in investing activities amounted to 176 million Euros in FY’25, compared to 209 million Euros in FY’24. It takes into account financial income from cash investment of 19 million Euros (17 million Euros in FY’24). Including new production equipment under leases (31 million Euros in FY’25 vs. 51 million Euros in FY’24), total cash out related to capital expenditure amounted to 230 million Euros as expected. It compares with 276 million Euros spent in FY’24. Capital expenditure was essentially related to industrial investments, including:

    • additional POI manufacturing tools in Bernin to increase capacity,
    • production capacity for new SOI products (RF-SOI and Photonics-SOI) in Singapore and 300-mm SOI refresh capacity in Bernin,
    • the ongoing extension of Singapore 300-mm facility (for the part already started),
    • completion of the 200-mm SmartSiCTM pilot line in Bernin.

    Capital expenditure also included IT investments as well as investments supporting the Group’s innovation strategy and its environmental policy.

    Net cash used in financing activities amounted to 50 million Euros in FY’25 (33 million Euros in FY’24) essentially reflecting a net decrease in borrowings and related interest paid.

    In total, including a 4 million Euros positive impact of exchange rate fluctuations (3 million Euros negative impact in FY’24), the net cash outflow reached 21 million Euros in FY’25 (80 million Euros in FY’24) resulting in a steady strong cash position of 688 million Euros on March 31st, 2025.

    Strong balance sheet maintained

    Soitec maintained a strong balance sheet as of March 31st, 2025.

    Shareholders’ equity stood at 1.6 billion Euros on March 31st, 2025, up 100 million Euros from March 31st, 2024.

    Financial debt on March 31st, 2025, was slightly up, at 782 million Euros against 747 million Euros on March 31st, 2024. Taking into account the 21 million Euros cash outflow recorded in FY’25, the net debt position6 was kept at a moderate level, at 94 million Euros on March 31st, 2025, up from 39 million Euros on March 31st, 2024.

    FY’26 outlook

    Given the current reduced visibility and market uncertainties, the Group withdraws any guidance, whether related to all or part of its activities. This includes the projection of a quite limited growth for FY’26, as well as the medium-term ambition to reach a revenue target of $2bn with an EBITDA margin of approximately 40%. Going forward, the Group will only provide revenue guidance on a quarterly basis.

    Q1’26 revenue, impacted by the anticipated phase-out of Imager-SOI, is expected down around 20% year-on-year (Imager-SOI Q1’25 revenue: $25m). FY’26 Capex cash-out is expected around €150m, down from €230m in FY’25.

    Operating model at scale

    Soitec continues to pursue its long-term growth strategy, supported by structural trends in its end markets and the accelerated diversification of its product portfolio.

    In this context, Soitec has defined an operating model at scale, representing the financial profile the Group could achieve when operating at a higher volume level. This model reflects the Group’s internal assessment of the efficiencies and profitability enabled by its current industrial and technological platform.

    Based on its market assessment and competitive positioning, Soitec continues to grow its manufacturing capacity, in line with market growth and customer demand. The Group anticipates investing ~€770m to scale its production capacity to enable a $2bn revenue run-rate, which should yield significant operating leverage and cash generation improvement. Given ongoing reduced visibility and market uncertainties, the Group will not guide on a specific timing, which will be influenced by external factors beyond its control.

    This operating model and the associated ambitions and financial information are not guidance and should not be interpreted as a financial objective or forecast. Actual results will depend on market dynamics, customer adoption, and execution.

    Key events of Q4 FY’25

    Divestment of Dolphin Design’s main businesses

    Dolphin Design’s mixed-signal IP activities have been acquired on October 31st, 2024, by Jolt Capital, a private equity firm specializing in European deeptech investments. Dolphin Design’s ASIC activities were sold to NanoXplore, a major player in SoC and FPGA semiconductor design, on December 30th, 2024.

    Dolphin Design, acquired by Soitec in 2018, has long been at the forefront of delivering cutting-edge semiconductor design solutions in mixed-signal IP and ASICs. The sale of Dolphin Design’s two main business activities will support Soitec’s focus on strategic development and growth opportunities in its core advanced semiconductor materials business.

    A 13 million Euros loss on the divestment of Dolphin Design’s businesses was recorded in other operating expenses in FY’25. There will be no further impact on Soitec financial statements from FY’26.

    Soitec contributes to accelerated development of integrated optical connectivity solutions for AI data centers with its silicon photonics SOI technology

    On March 19th, 2025, Soitec welcomed recent industry steps to accelerate development and commercialization of co-packaged optics (CPO) solutions for data centers. The rapidly rising data requirements of AI and high-performance computing (HPC) are driving demand for silicon photonics-based CPO architectures. For data centers, CPO adoption enables energy savings of around 30% compared with current optical transceiver-based solutions. The momentum for widespread CPO adoption is building up. Following the earlier introduction of groundbreaking CPO products and demonstrators by Broadcom, Intel, and Marvell, NVIDIA unveiled its first CPO products, Spectrum-X and Quantum-X. Soitec is at the forefront of the transition from electrical to optical interconnects. CPO components are reliant on specialist silicon-on-insulator (Photonics-SOI) substrates, in which Soitec is a leader. The coming shift to CPO-based data center architectures is a major opportunity for Soitec.

    Soitec joins the SEMI Silicon Photonics industry alliance

    Soitec also announced on March 19th, 2025, that it has joined the SEMI Silicon Photonics Industry Alliance (SEMI SiPhIA), a group of more than 100 semiconductor industry partners, with TSMC and ASE serving as the alliance’s advocates. The alliance’s mission is to drive silicon photonics innovation and applications, advance industry standards, and foster knowledge-sharing, resource integration, and technical exchange. Through its membership, Soitec will contribute to strengthening supply chain partnerships and fostering international collaboration on the deployment of key next-generation technologies, including CPO.

    Soitec confirms its excellence in innovation with progress up 2024 INPI patent ranking

    On March 31st, 2025, Soitec once again demonstrated its excellence in innovation through its rise in the 2024 ranking of patent filers published by the INPI (the French National Institute of Industrial Property). This recognition highlights Soitec’s unwavering commitment to innovation and confirms its central role in the development of disruptive technologies, driven by a global strategy and a network of research centers spread across several continents. With 76 patents filed in France in 2024, compared to 62 the previous year, Soitec confirms its 1st place among the most innovative mid-sized companies, for the second consecutive year, and rises to 22nd place nationally, up three places. With approximately 400 patents filed worldwide each year, Soitec has established itself as an essential technology leader.

    # # #

    FY’25 results will be commented during an analyst and investor meeting in Paris on May 28th, 2025, at 2pm CET. The meeting will be held in English.

    The live webcast will be available on: https://channel.royalcast.com/landingpage/soitec/20250528_1/

    The investor presentation is available for download on:
    https://www.soitec.com/home/investors/full-year-results-of-fiscal-year-2024—2025

    # # #

    Annual General Meeting

    At its meeting today, the Board of Directors decided to convene the Annual General Meeting of shareholders on July 22nd, 2025. On this occasion, it decided to renew three of the four directors’ terms of office due to expire (Bpifrance Participations, CEA Investissement and Fonds Stratégique de Participations). Regarding Kai Seikku, the latter did not wish to be re-elected.

    Q1’26 revenue

    Q1’26 revenue is due to be published on July 22nd, 2025, after market close.

    # # #

    Disclaimer

    This document is provided by Soitec (the “Company”) for information purposes only.

    The Company’s business operations and financial position are described in the Company’s 2023-2024 Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 5th, 2024, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.24-0462, as well as in the Company’s 2024-2025 half-year financial report released on November 20th, 2024. The French versions of the 2023-2024 Universal Registration Document and the 2024-2025 half-year financial report, together with English courtesy translations for information purposes of both documents, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

    Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s 2023-2024 Universal Registration Document.

    This document contains summary information and should be read in conjunction with the 2023-2024 Universal Registration Document and the 2024-2025 half-year financial report.

    This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the 2023-2024 Universal Registration Document may have an impact on these forward-looking statements.

    The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

    The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

    This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

    Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

    # # #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge & Cloud AI (previously Smart Devices). The company relies on the talent and diversity of its 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,200 patents.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/ and follow us on X: @Soitec_Official

    # # #

    # # #

    Financial information and consolidated financial statements in appendix include:

    – Consolidated revenue per quarter

    – FY’25 consolidated income statement

    – Balance sheet at March 31st, 2025

    – FY’25 consolidated cashflows

    Consolidated revenue per quarter

    Quarterly revenue Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25   FY’24 FY’25
    (Euros millions)                      
    Mobile Communications 89   169   130   222 48   124   154   220   611 546  
    Automotive & Industrial 37 38 44 44 26 33 25 45   163 129
    Edge & Cloud AI 31 37 65 70 46 61 47 63   204 216
                           
    Revenue 157   245   240   337 121   217   226   327   978   891  
    Change in quarterly revenue Q1’25/Q1’24 Q2’25/Q2’24 Q3’25/Q3’24 Q4’25/Q4’24   FY’25/FY’24
    (vs. previous year) Reported
    change    		 Organic change1 Reported
    change    		 Organic change1 Reported
    change    		 Organic change1 Reported
    change    		 Organic change1   Reported
    Change    		 Organic change1
                           
    Mobile Communications -45% -46% -27% -25% +18% +11% -1% -2%   -11% -12%
    Automotive & Industrial -29% -31% -13% -11% -43% -47% +1% 0%   -21% -22%
    Edge & Cloud AI +49% +47% +62% +66% -28% -30% -11% +2%   +6% +11%
                           
    Revenue -23% -24% -11% -9% -6% -10% -3% -1%   -9% -9%

    1         At constant exchange rates and comparable scope of consolidation:

    • there was no scope effect in Q1’25 and Q2’25 vs. Q1’24 and Q2’24
    • in Q3’25 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31st, 2024)
    • in Q4’25, in addition to Dolphin Design’s mixed signal IP activities, the negative scope effect also includes the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

    Consolidated financial statements for FY’25

    As previously reported, Soitec’s refocus on Electronics operations decided in January 2015 was nearly completed on March 31st, 2016. Consequently, the FY’25 residual income and expenses relating to Solar and Other activities are reported under ‘Net result from discontinued operations’, below the ‘Operating income’ line, meaning that down to the line ‘Net result after tax from continuing operations’, the consolidated income statement fully and exclusively reflects the Electronics activity as well as the Group’s corporate functions expenses. This was already the case in FY’24 financial statements.

    Consolidated income statement

      FY’25 FY’24
    (Euros millions) (ended

    March 31st, 2025)

    		 (ended

    March 31st, 2024)
    Revenue 891 978
    Cost of sales (605) (646)
         
    Gross profit 286 332
    Research and development expenses (85) (61)
    General, sales and administrative expenses (65) (63)
    Current operating income 136 208
    Other operating expenses (16) (3)
    Operating income 119 205
    Financial income 19 21
    Financial expenses (28) (25)
    Net financial expense (9) (5)
    Profit before tax 110 201
    Income tax (19) (23)
    Net profit from continuing operations 91 178
    Net profit from discontinued operations 1 0
    Consolidated net profit 92 178
    Net profit, Group share 92 178
    Basic earnings per share (in €) 2.57 5.00
    Diluted earnings per share (in €) 2.56 4.88
    Weighted average number of ordinary shares 35,670,651 35,655,679
    Weighted average number of diluted ordinary shares 35,868,688 37,710,587

    Balance sheet

    Assets March 31st, 2025 March 31st, 2024
    (Euros millions)    
         
    Non-current assets    
    Intangible assets 130 156
    Property, plant and equipment 1,003 913
    Non-current financial assets 30 19
    Other non-current assets 73 70
    Deferred tax assets 59 62
    Total non-current assets 1,295 1,220
         
    Current assets    
    Inventories 231 209
    Trade receivables 463 448
    Other current assets 124 101
    Current financial assets 7 7
    Cash and cash equivalents 688 708
    Total current assets 1,512 1,472
         
    Total assets 2,807 2,692
    Equity and liabilities March 31st, 2025 March 31st, 2024
    (Euros millions)    
         
    Equity    
    Share capital 71 71
    Share premium 228 228
    Reserves and retained earnings 1,280 1,180
    Other reserves 15 15
    Equity-Group share 1,595 1,495
    Total equity 1,595 1,495
         
    Non-current liabilities    
    Non-current financial debt 375 669
    Provisions and other non-current liabilities 94 79
    Total non-current liabilities 469 748
         
    Current liabilities    
    Current financial debt 406 78
    Trade payables 153 169
    Provisions and other current liabilities 185 202
         
    Total current liabilities 743 449
         
    Total equity and liabilities 2,807 2,692

    Consolidated cash flows

      FY’25 FY’24
    (Euros millions) (ended
    March 31st, 2025)    		 (ended
    March 31st, 2024)
    Consolidated net profit 92 178
    of which continuing operations 91 178
    Depreciation and amortization expense 140 126
    Provision expense/(reversals), net 6 4
    Provisions expense / (reversals) for retirement benefit obligations, net 0 0
    (Gains)/losses on disposals of assets 15 0
    Income tax 19 23
    Net financial expense 9 5
    Share-based payments 11 14
    Other non-cash items 7 (17)
    Non-cash items related to discontinued operations (1) (1)
    EBITDA1 298 332
    of which continuing operations 298 332
    Inventories (38) (19)
    Trade receivables (30) (94)
    Trade payables (15) (45)
    Other receivables and payables 4 17
    Income tax paid (17) (25)
    Changes in working capital requirement and income tax paid related to discontinued operations (0) (0)
    Change in working capital requirement and income tax paid (96) (167)
    of which continuing operations (96) (167)
    Net cash generated by operating activities 201 165
    of which continuing operations 202 166
      FY’25 FY’24
    (Euros millions) (ended
    March 31st, 2025)    		 (ended
    March 31st, 2024)
    Net cash generated by operating activities 201 165
    of which continuing operations 202 166
    Purchases of intangible assets (27) (48)
    Purchases of property, plant and equipment (172) (177)
    Interest received 19 17
    Disposals/(acquisitions) of financial assets 4 (1)
    Divestment flows related to discontinued operations 1 0
    Net cash used in investing activities (1) (176) (208)
    of which continuing operations (1) (176) (209)
    Loans and drawdowns on credit lines 45 55
    Repayment of borrowings and lease liabilities (81) (70)
    Interest paid (14) (12)
    Liquidity agreement – (8)
    Change in interest in subsidiaries without change of control (1) (0)
    Other financing flows – 2
    Financing flows related to discontinued operations (0) (0)
    Net cash used in financing activities (50) (33)
    of which continuing operations (50) (33)
    Effects of exchange rate fluctuations 4 (3)
    Net change in cash (21) (80)
    of which continuing operations (21) (80)
    Cash at beginning of the period 708 788
    Cash at end of the period 688 708

    (1) Net cash used in investing activities is net of leases and interest received. Total cash out related to capital expenditure amounted to 230 million Euros in FY’25 compared to 276 million Euros in FY’24.

    1 The EBITDA represents operating income before depreciation, amortization, impairment of non-current assets, non-cash items relating to share-based payments, provisions for impairment of current assets and for contingencies and expenses, and disposals gains and losses. EBITDA is not a financial indicator defined by IFRS and may not be comparable to EBITDA as reported by other groups. It represents additional information and should not be considered as a substitute for operating income or net cash generated by operating activities.

    2 EBITDA margin = EBITDA from continuing operations / Revenue.

    3 Audit procedures were completed and the audit report is in the process of being issued.

    4 The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

    5 EBITDA from continuing operations.
    6 Financial debt less cash and cash equivalents

    Attachment

    The MIL Network –

  • MIL-OSI: Soitec announces appointment of new Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    Soitec announces appointment of new Chief Financial Officer

    Bernin (France), May 27, 2025 – Soitec (Euronext – Tech Leaders), a world leader in the design and production of innovative semiconductor materials, is pleased to announce the appointment of Albin Jacquemont as its new Chief Financial Officer (CFO), effective today.

    Albin Jacquemont brings over 30 years of international experience in financial leadership, strategic planning, and corporate governance. His career spans listed and private equity-backed industrial and technology companies, including Inetum, Saur, Altran Technologies, Darty, and Carrefour. Throughout his tenure in these organizations, he has led major financial transformations and delivered significant value through operational performance improvement, cash-flow optimization and M&A execution.

    In his new role, Albin Jacquemont will be responsible for all finance-related matters at Group level. He will play a pivotal role in reinforcing Soitec’s financial and operational foundations and supporting the company’s next phase of sustainable growth and value creation.

    He succeeds Léa Alzingre, who will be stepping down to pursue new professional opportunities, having supported Soitec’s growth over the past six years.

    “We are delighted to welcome Albin Jacquemont to Soitec’s Executive Committee. His extensive experience across complex industrial and technology environments, combined with his proven track record in financial transformation and value creation, will be instrumental as we continue to scale globally. I am confident that his leadership will strengthen our financial strategy and support the acceleration of our sustainable growth ambitions. I would also like to warmly thank Léa Alzingre for her strong commitment and valuable contributions to Soitec’s development during her tenure”, commented Pierre Barnabé, Soitec’s CEO.

    “I am honored and excited to join Soitec’s Executive Committee, a global leader in innovative semiconductor materials. After a career spanning over three decades in senior financial leadership roles across Europe, the U.S., and emerging markets — including listed groups and private equity-owned companies — I look forward to bringing my experience to support Soitec’s global ambitions and pioneering technologies”, Albin Jacquemont stated.

    *****

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

    *****

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com

    Attachment

    The MIL Network –

  • MIL-OSI: Amendment to Euronext’s liquidity contract

    Source: GlobeNewswire (MIL-OSI)

    Amendment to Euronext’s liquidity contract        

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 27 May 2025 – Euronext N.V. today signed an amendment to the liquidity contract entered into with Rothschild Martin Maurel on 7 February 2018, in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, Commission Delegated Regulation (EU) 2016/908 of 26 February 2016, Articles L. 225-209 et seq. of the French Commercial Code, AMF Decision No. 2018-01 of 2 July 2018 (the AMF Decision) and the provisions referred to therein.

    Under this amendment, the amount allocated to the liquidity account was increased by 4,500,000 euros (four million five hundred thousand euros).

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Catalina Augspach        +33 6 82 09 99 70                

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                                 

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Attachment

    The MIL Network –

  • India highlights textile and handicraft capabilities at INDEX Dubai 2025 amid rising UAE demand

    Source: Government of India

    Source: Government of India (2)

    ndia has made a significant impact at INDEX Dubai 2025, the Middle East and North Africa’s leading interior design and furniture exhibition, with 55 companies showcasing their products to tap into the region’s expanding $25 billion interior design market, projected to grow to $35 billion by 2031.

    The three-day exhibition, held at the Dubai World Trade Centre from May 27 to 29, has long served as a vital platform connecting international brands with buyers from across the Middle East. This year’s Indian presence was coordinated by key export promotion councils, including the Cotton Textiles Export Promotion Council (Texprocil), which brought 10 companies; the Export Promotion Council for Handicrafts (EPCH), which facilitated 12 participants under The Hotel Show segment; and Gram Vikas Seva Sansthan, representing 11 companies.

    The 250-square-meter India Pavilion was established to spotlight India’s diverse offerings in home textiles and handicrafts—ranging from bed linen, towels, and bathrobes to rugs, kitchen linen, and decorative items. The pavilion was inaugurated by Satish Kumar Sivan, Consul General of India in Dubai, who interacted with exhibitors and emphasized India’s growing role in the region’s interior and hospitality supply chains.

    The Hotel Show, running parallel to INDEX, attracted buyers from across the GCC including Saudi Arabia, Oman, Qatar, and Jordan. Indian participants received encouraging feedback and strong interest in products such as duvets, curtains, and pillows, driven by rising demand from the UAE’s expanding residential, hospitality, and healthcare sectors.

    India’s robust participation is supported by the India-UAE Comprehensive Economic Partnership Agreement ,which came into effect in May 2022. The agreement provides Indian textile exporters, especially in the cotton segment, with zero-duty market access to the UAE, enhancing competitiveness.

    Textiles and clothing imports into the UAE stand at around $2.5 billion annually. Notably, the textile share has increased to 40%– up from a previous average of 20–25% with cotton textiles alone accounting for $95–110 million annually over the past three years. Indian companies noted that UAE hotels generally source through wholesalers due to smaller order sizes, creating specific opportunities for Indian SMEs offering bundled solutions in smaller quantities.

    INDEX Dubai 2025 features over 530 exhibitors and expects more than 30,000 trade visitors, including architects, designers, developers, and retailers. The event also hosts the “INDEX Design Talks” conference series, where industry leaders explore trends such as sustainable design, AI integration, client engagement, and redefining luxury. Nearly half of the speakers are making their INDEX debut, reflecting the show’s focus on innovation and fresh perspectives.

    Running alongside The Hotel Show and WORKSPACE, INDEX Dubai continues to strengthen Dubai’s role as a global center for interior design, with the city’s dynamic real estate and hospitality sectors driving demand for high-quality, sustainable interior solutions. For Indian exporters, the exhibition reaffirms the growing potential of the UAE market, particularly under the CEPA framework.

  • MIL-OSI Africa: Inside the Middle East, Turkiye, and Africa (META) mobile threat landscape: Middle East attacks rise, Africa and Turkiye remain targeted

    Source: Africa Press Organisation – English (2) – Report:

    JOHANNESBURG, South Africa, May 27, 2025/APO Group/ —

    At the 10th annual Cyber Security Weekend – META 2025 conference held recently, Kaspersky (www.Kaspersky.co.za) Global Research and Analysis Team experts shared their insights on the latest trends in the mobile threat landscape across the Middle East, Turkiye, and Africa (META) region.  

    While the overall attack rate in the region remained relatively stable in the first quarter of 2025 compared to the previous quarter, the Middle East experienced a significant surge, with attacks increasing by 43%, reaching over 57,000 attacks.  

    In contrast, both Africa and Turkiye showed a positive trend, with a decline in mobile attacks. Africa saw a 17% decrease, with 94,270 recorded attacks, while Turkiye experienced a 16% reduction, totaling 28,592 attacks. 

    “The decline in the number of mobile attacks in some parts of the META region is certainly a positive sign and may indicate that awareness and protective measures are starting to pay off,” said Tatyana Shishkova, Lead Security Researcher at Kaspersky. “However, the threat is far from gone. Cybercriminals are becoming more skilled and selective, increasingly leveraging sophisticated AI-powered and targeted attacks.” 

    All of these recorded threats were successfully blocked by Kaspersky’s mobile security solutions, with data from Kaspersky protection systems running on Android devices. The company’s experts highlight that the latest trends point to a cascade-style infection strategy, where attackers find multiple ways to sneak onto victims’ devices. As more services shift to mobile platforms – and as people increasingly rely on smartphones for nearly every aspect of their lives – mobile devices have become highly attractive targets for cybercriminals. 

    Many of these threats are distributed via social media platforms or unofficial app stores, as seen in the Tria Trojan campaign, which spread through fake wedding invitations shared over WhatsApp and Telegram. Victims were tricked into downloading and installing a malicious APK file disguised as a legitimate app. 

    However, even big official platforms are not immune. A recent discovery revealed SparkCat, a sophisticated data-stealing Trojan leveraging artificial intelligence. Distributed through both the App Store and Google Play, SparkCat was downloaded more than 242,000 times. It used machine learning to scan for cryptocurrency and sensitive data in nine different languages. 

    Alarmingly, even brand-new phones can be compromised before they reach their owners, arriving with pre-installed malware. Counterfeit versions of popular smartphone models, often sold at discounted prices, have been discovered to come preloaded with a modified variant of the Android malware known as Triada. 

    “Even the most vigilant individuals can miss a well-crafted threat. That’s why cybersecurity must be proactive—not reactive. Staying ahead of cybercriminals takes innovation from tech companies, expertise from security professionals, and awareness from users. It’s a shared responsibility,” adds Tatyana Shishkova. 

    To protect yourself from mobile threats, Kaspersky recommends: 

    • Download apps only from official stores like Apple AppStore, Google Play or Amazon Appstore. Apps from these markets are not 100% failsafe, but at least they get checked by the moderators and there is some filtration system — not every app can get onto these stores. It’s worth looking through user reviews of an app to see if there is any negative feedback on its functionality. 
    • Check the permissions of apps that you use and think carefully before permitting an app, especially when it comes to high-risk permissions such as Accessibility Services. 
    • A reliable mobile security solution like Kaspersky Premium (https://apo-opa.co/3H90T7B) can help you to detect malicious apps and adware before they start behaving badly on your device. 
    • Update your operating system and important apps as updates become available. Many safety issues can be solved by installing updated versions of software. 
    • Kaspersky calls on the mobile industry to enhance cyber protection at all levels, including security for users, by providing tailored cybersecurity services. Kaspersky Consumer Business Alliances enable companies to offer their customers complete cybersecurity portfolios by backing them with Kaspersky’s global support and expertise. 

    MIL OSI Africa –

  • MIL-OSI Russia: “It’s a great joy to be able to discuss your scientific ideas with interested people.”

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Created in Nizhny Novgorod campus of HSE International Laboratory of Dynamic Systems and Applications conducts deep theoretical research and applied studies, including the study of ocean waves, solar corona reconnections, volcanic phenomena and ship stability. Its scientists, who have won more than 20 significant scientific grants over the past 5 years, actively collaborate with Russian and foreign colleagues from China, Spain, the USA, Great Britain, Brazil and other countries. The Vyshka.Glavnoe news service spoke with its head, Professor Olga Pochinka, about the work of the laboratory.

    — When was the laboratory created?

    — Let’s start with 2014, when colleagues from the Mathematics Department of the Moscow HSE suggested creating a department on the Nizhny Novgorod campus, and we were fired up by the idea. Together with five colleagues, we moved from the Nizhny Novgorod State University to the HSE in Nizhny Novgorod, and in 2015 we opened the first intake of undergraduate students for the Mathematics educational program, a total of eight people.

    Then the recruitment began to expand, and I began inviting people from UNN. We worked as research fellows at the Laboratory of Theory and Practice of Decision Support and simultaneously taught students.

    In 2017, we separated into the Laboratory of Topological Methods of Dynamics, and in 2019, we won a mega-grant from the Government, and this was the only mega-grant in fundamental mathematics won in the Nizhny Novgorod region in the entire history of projects. Our leading scientist Dmitry Turaev is also a former Nizhny Novgorod resident, now a professor at the British Imperial College, a renowned specialist in the field of dynamic systems.

    The laboratory began to grow rapidly, and in parallel with the increase in scientific work, we also expanded our educational areas: we created a postgraduate program, a master’s program, and this year we are opening a new bachelor’s program in applied mathematics.

    — Tell us about the priority areas of the laboratory’s work.

    — Initially, our laboratory was created primarily as a center for fundamental scientific research. Mathematics is a self-sufficient science, and there are always people who are interested in learning its own laws. An equally important activity is to explain how these laws work in practice. Recently, the laboratory team has noticeably expanded with researchers actively engaged in applied developments.

    — What applied areas would you highlight?

    — We have problems that come from physics. For example, we studied the effects of reconnection in the solar corona. From the point of view of deep mathematical theory, we explained the mechanism of solar flares. If we imagine the surface of the Sun as a two-dimensional sphere, then the magnetic charges on the surface create domes that change their location depending on the configuration of the charges. When the domes collide, so-called separators appear, visually manifesting themselves in the occurrence of a solar flare. The mechanisms of dome reconnection were explained using the bifurcation of the birth of a heteroclinic curve, widely known in the theory of dynamic systems.

    We also managed to explain the pattern recognition algorithm by the existence of an energy function in a dynamic system. In general, tasks related to the construction of such functions are very important. All dynamic systems are largely dissipative, that is, they lose energy over time. We managed to establish the relationship between the energy function and the dynamics of the system. That is, a scientist, even without knowing the system, can measure the indicators of its energy function and say a lot about the dynamics of the system.

    These are just the applications I have worked with personally. But there are many employees in the lab developing other applied areas.

    Efim Pelinovsky and his student Ekaterina Didenkulova conducted a theoretical analysis of internal waves that arise in the ocean during an explosive eruption of an underwater volcano. They calculated the characteristics of the wave field for different ratios between the radius of the explosion source and the depth of the basin. And they showed that the field of internal waves has the form of frequency-modulated groups, of which the head group has the maximum amplitude. The wave of maximum height in this train arrives significantly later than the weak head wave, which makes it possible to prepare for the approach of dangerous waves.

    Ioann Melnikov studies the dynamics of waves in both linear and nonlinear weakly dispersive models. In his work with shallow water equations, there is an interesting question about finding non-reflective bottom profiles, due to which a wave can propagate freely over large distances (with conservation of energy), which is important for applications. Together with Efim Pelinovsky, he obtained a countable family of limited bottom profiles and a continuous family in the form of underwater slides. Research into weakly nonlinear and weakly dispersive models (described by Korteweg-de Vries type equations) is also aimed at finding and studying waves that propagate with a constant speed and unchanged shape (in particular, soliton solutions). In this way, a classification of soliton solution shapes was obtained in the generalized Korteweg-de Vries equation, and now the question arises of how this classification can change with a different account of nonlinearity and dispersion.

    Fedor Peplin studies computational fluid dynamics, motion dynamics and stability of high-speed vessels. New criteria for the stability of hovercraft have been obtained. A model of the dynamics of an hovercraft with flexible skegs has been constructed, allowing for the design of amphibious vehicles for use in hard-to-reach regions. Issues related to the damping of various types of high-speed vessels have been studied. Work is currently underway to obtain new, more precise criteria for the stability of promising amphibious vehicles, taking into account the design features and operating conditions of the vehicles. Methods for modeling the dynamics of flexible pneumatic structures in a fluid flow are also being developed.

    — There are several scientific groups within the laboratory, conducting research in different directions. How did you manage to unite them?

    — The forming direction is dynamic systems, but almost all phenomena in the world fall under the definition of “dynamic systems”. Thus, Natalia Stankevich uses them for research in biology and medicine, and Alexey Kazakov is engaged in numerical calculation for specific systems of differential equations describing such phenomena as turbulence, Celtic stone, Chaplygin’s top, etc.

    Under the umbrella of dynamic systems in the laboratory, specialists in such fundamental mathematical areas as algebra, geometry, topology, function theory, etc., which are not directly related to dynamic systems, also feel great. There is a very strong group of physicists involved in fluid mechanics. Often, such scientific symbiosis brings unexpected results at the junction of research areas.

    — How do you attract such diverse specialists?

    — As a rule, a young or established scientist appears in the laboratory as a participant in some won grant or project. The laboratory management does everything possible to create comfortable conditions for the employees, welcoming any creative initiative. People appreciate this and in most cases remain in the team after the end of the project, some even move to Nizhny Novgorod for permanent residence.

    Another source of promising researchers is educational activity. Since the laboratory serves several educational programs, the range of which is expanding every year, the number of professors and teachers naturally increases. Due to the presence of a scientific department, teachers have a smaller workload than in their previous places of work. The newly arrived employees are happy to devote their free time to scientific research.

    The main source of influx of personnel, of course, are students of our program “Fundamental and Applied Mathematics”.

    We try not only to attract students to scientific research, but also to track their emerging interest in a timely manner. We offer to work as an intern, some come in the first year of the bachelor’s degree. We involve them in active scientific life, grants, schools, conferences. The overwhelming majority stay in the laboratory, and this is a huge driving force

    We have now reached a staff of 60 employees, almost like a small research institute.

    — How important do you consider mentoring and personal example to be in science?

    — Extremely important. Specifically for our team, we managed to ensure the continuity of generations. In our laboratory, we have employees who are over 75–80 years old, very experienced scientists, some of whom studied with Academician Alexander Andronov, his closest associates and students. There are not so many middle-aged scientists (like me), but we managed to show young people scientists with a high academic culture, such as my scientific supervisor Vyacheslav Grines and his colleagues from the school of nonlinear oscillations.

    Let me remind you that the scientific school of nonlinear oscillations was created in Gorky (now Nizhny Novgorod) by young scientists who moved to the then closed city, headed by the future academician Alexander Andronov. A physicist by profession, he sought to describe mathematical models of physical processes and phenomena, to translate them into mathematical language. He created the radiophysics department at Gorky University, then the Institute of Applied Mathematics and Cybernetics was organized, and a scientific school was formed, known in the world as the school of dynamic systems.

    — How do you manage to find resources for research?

    — We constantly apply for grants and development programs — for established researchers, young people, external and internal to HSE. Over the past 5 years, we have won 21 grants — that’s a lot for a relatively small team. Thanks to young and experienced colleagues who go through the very labor-intensive application process. In general, the main rule of an ambitious team is to never stop at what has been achieved. Even if it seems that today you already have everything you wanted, you must constantly set new goals for yourself.

    — How was the international academic cooperation project formed and how does it work?

    — The project with Shanghai Tongji University is a joint Russian-Chinese grant, it began in 2024 and is designed for three years. The project mainly involves fundamental research in the qualitative theory of dynamic systems. We met the Chinese co-director of the project, Bin Yu, back in 2010 in France, where we worked together with world-class dynamist Christian Bonatti. To date, we have already written several joint articles.

    International scientific cooperation, exchange of ideas is always great. Our young employees went to China, and everyone really liked the atmosphere at the partner university. It is a great joy to have the opportunity to discuss your scientific ideas with interested people.

    — Do the laboratory and its staff work outside the university, implementing the educational function of HSE?

    — The annual international conference “Topological Methods in Dynamics” has been gathering like-minded scientists from all over the world within the walls of the Nizhny Novgorod HSE for 9 years now.

    This year we are holding another scientific conference dedicated to the 30th anniversary of the Nizhny Novgorod Mathematical Society, of which I am currently the president.

    For 6 years now, every March we have been holding a school for students called “Mathematical Spring”, inviting different lecturers and speakers, and judging by the students’ feedback, this is a very interesting format for them.

    For the second year in a row, we are organizing a student school at the Sirius Mathematical Center together with colleagues from Moscow State University and Moscow Institute of Physics and Technology.

    A good initiative was the holding of the All-Russian review of students’ diploma works, which will be held for the fifth time this year.

    In June-July we hold a thematic shift for schoolchildren called “Intellectual”. The children are immersed in mathematics, including applied mathematics, computer science, and artificial intelligence. It has been held for the tenth time, in recent years – in the “Salut” camp in the Nizhny Novgorod region.

    Throughout the school year, we have a “Mathematical Academy”, where schoolchildren gain their first experience working with scientific research. Our scientists generously share interesting tasks with young talents, and under their guidance, students annually become winners of the “Scientific Society of Students” research paper competition.

    I would like to emphasize once again that all this would be impossible without our youth with their energy and enthusiasm. It is great that we have them and that there are more and more of them.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: The future of the film industry was discussed at the State University of Management

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    At the State University of Management, as part of the All-Russian Student Film Festival “KinoSfera”, a round table was organized on the topic: “Problems of the modern Russian film industry: practice and prospects for the application of artificial intelligence”.

    The participants discussed current issues in the Russian film industry, the possibility of using AI in film production, as well as the problems and prospects of its application, and shared practical experience.

    The participants came to the conclusion that at the moment AI is far from always able to help optimize the use of resources. Although in a number of areas AI is actively used and minimizes costs (editing, restoration of AVP, etc.). The experts agreed that in the near future the situation will most likely change, and the scope of application of AI and technologies in the Russian film industry will significantly expand.

    The round table was attended by:

    Lecturers of the Department of Management in the Sphere of Culture, Cinema, TV and Entertainment Industry of the State University of Management: Anna Akopyan, Marina Kosinova, Artur Arakelyan, Viktor Krysov; Viktor Alisov – producer, actor and screenwriter; Ekaterina Kozhushanaya — screenwriter, director, artist and editor Irina Borovskaya — director, screenwriter, teacher (acting, pantomime, clowning) Tatyana Efimova — AI artist, prompt director Roman Isaev — producer, one of the members of the Council of the Association of Cinema Owners Vasily Solovyov — film producer, general producer of the Visual Story company Timur Sitnikov — founder and CEO of the posthouse Sitnikov.Pro, computer graphics director, post-production producer, VFX and onset supervisor Kornei Dravi — managing partner of the post-production studio Sitnikov.Pro, editing director, post-production producer, DIT and CG supervisor Artem Vitkin — screenwriter, director and producer Svetlana Buharaeva — film producer, teacher

    Let us recall that the All-Russian Student Film Festival “KinoSfera” is being held at the State University of Management for the sixth time. This year, students learned how to break into cinema from director Alexander Zhigalkin and talked to actress Vasilina Yuskovets.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Security: Idaho Man Indicted After Allegedly Assaulting U.S. Park Rangers in Southern Utah

    Source: US FBI

    SAINT GEORGE, Utah – A federal grand jury returned an indictment today charging an Idaho man after he allegedly assaulted federal officers with his vehicle at the Glen Canyon National Recreation Area in Southern Utah.  

    Gregory Aaron Farley, 51, of Hazelton, Idaho, was charged by complaint on May 3, 2025.  
        
    According to court documents, on May 3, 2025, two U.S. Park Rangers working at the Glen Canyon National Recreation Area responded to a dispatch call that reported an erratic driver in a white pick-up truck near Lake Powell. At 7:47 p.m., the rangers conducted a traffic stop on Highway 89 on a pick-up truck matching the vehicle description. Farley was the driver and while one of the rangers was speaking to him, Farley fled the scene at a high rate of speed, nearly hitting one of the rangers. The rangers returned to their patrol vehicle and pursued Farley. During the pursuit, Farley turned around and collided into the driver’s side of the rangers’ vehicle. As a result, the rangers were pushed into the shoulder of the road, the airbags deployed, and the driver’s side door was rendered inoperable. After Farley hit the rangers’ truck, he reversed his truck and was still facing the rangers’ truck. In response, both rangers fired their weapons at Farley. Additional officers arrived on the scene, Farley exited his truck, and received medical aid. He was then taken into custody.  

    Farley is charged with assault on an employee of the United States with a Dangerous Weapon. His initial appearance on the indictment is scheduled for May 19, 2025, at 10:00 a.m. before a U.S. Magistrate judge in Room 2B of the courthouse located at 206 West Tabernacle Street, St. George, Utah 84470.

    Acting United States Attorney Felice John Viti for the District of Utah made the announcement.

    The case is being investigated by the FBI Salt Lake City Field Office.

    Assistant United States Attorneys Stephen P. Dent and Joseph M. Hood of the U.S. Attorney’s Office for the District of Utah are prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETF) and Project Safe Neighborhoods (PSN).

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law. 
     

    Attachments:

    MIL Security OSI –