Category: Machine Learning

MIL-OSI: Wix Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Strong start to year with Q1’25 total bookings of $511 million, up 12% y/y, with very robust top of funnel demand in the quarter and new cohort strength continuing through April and early May
Q1’25 total revenue of $474 million exceeded expectations, up 13% y/y, driven by accelerating Self Creators growth accompanied by solid Partners momentum as Studio adoption continued to ramp healthily
Launched Wixel, a new standalone AI-powered visual design platform that brings the most advanced creative tools into a single intuitive interface and puts complete visual editing control into the hands of everyone – marking Wix’s milestone foray into creation beyond websites
Achieved FCF margin of 30% in Q1’25 as we continued to maintain a resilient operating cost structure amidst robust top-line performance
Increased share repurchase board authorization to a total of $400 million under current program

NEW YORK — Wix.com Ltd. (Nasdaq: WIX) (the “Company”), the leading SaaS website builder platform¹, today reported financial results for the first quarter of 2025. In addition, the Company provided its outlook for the second quarter and an updated outlook for full year 2025. Please visit the Wix Investor Relations website at https://investors.wix.com to view the Q1’25 Shareholder Update and other materials.

“This year we are setting out to reimagine and expand the online creation experience and have set the bar high with the milestone release of Wixel, which I believe will democratize digital creation,” said Avishai Abrahami, Wix Co-founder and CEO. “We have been transforming web development since 2006 and are now organically extending our user-first design expertise, AI leadership and focus on accessibility to beyond websites. What you see today is the first version of our standalone next-gen visual design platform, representing the culmination of years of development in advanced design and AI and unifying the best models, intuitive UI, and powerful high-end features into one cohesive platform. Importantly, with Wixel, anyone, regardless of skill level, can now create beautiful visuals with just a few clicks. We have an ambitious roadmap for Wixel ahead and I’m excited to see how Wixel starts to reshape the design world.”

Lior Shemesh, CFO at Wix, added, “Our strong first quarter results demonstrate the critical value of the Wix platform to anyone and everyone requiring an online presence globally amid an ever evolving macro environment, particularly SMBs. Top of funnel demand was very strong with Q1’25 new user cohort bookings finishing 12% higher than the bookings generated by the Q1’24 cohort in its first quarter. This acceleration in new cohort growth was almost entirely driven by better fundamentals, particularly an increased number of users, as well as product innovation. Encouragingly, these strong cohort trends have continued through April and early May, bolstering confidence in 2H bookings and revenue growth acceleration as additional cohorts layer on through the year. As a result of this new cohort strength and healthy existing user behavior, bookings grew a solid 12% y/y and revenue growth of 13% y/y finished above expectations in Q1. Durability was broad based across our segments with our Partners business delivering 24% y/y revenue growth, fueled by ongoing market share gains driven by Studio, as well as another consecutive quarter of Self Creators growth acceleration as AI continued to remove friction for more users in the website creation journey.”

Q1 2025 Financial Results

Total revenue in the first quarter of 2025 was $473.7 million, up 13% y/y
Creative Subscriptions revenue in the first quarter of 2025 was $337.7 million, up 11% y/y
- Creative Subscriptions ARR increased to $1.373 billion as of the end of the quarter, up 10% y/y
Business Solutions revenue in the first quarter of 2025 was $136.0 million, up 18% y/y
- Transaction revenue² was $58.9 million, up 19% y/y
Partners revenue³ in the first quarter of 2025 was $171.6 million, up 24% y/y
Total bookings in the first quarter of 2025 were $510.9 million, up 12% y/y
- Creative Subscriptions bookings in the first quarter of 2025 were $369.5 million, up 10% y/y
- Business Solutions bookings in the first quarter of 2025 were $141.4 million, up 15% y/y
Total gross margin on a GAAP basis in the first quarter of 2025 was 68%
- Creative Subscriptions gross margin on a GAAP basis was 83%
- Business Solutions gross margin on a GAAP basis was 30%
Total non-GAAP gross margin in the first quarter of 2025 was 69%
- Creative Subscriptions gross margin on a non-GAAP basis was 84%
- Business Solutions gross margin on a non-GAAP basis was 31%
GAAP net income in the first quarter of 2025 was $33.8 million, or $0.61 per basic share and $0.57 per diluted share
Non-GAAP net income in the first quarter of 2025 was $93.9 million, or $1.69 per basic share and $1.55 per diluted share
Net cash provided by operating activities for the first quarter of 2025 was $145.5 million, while capital expenditures totaled $3.1 million, leading to free cash flow of $142.4 million
In January, we completed $200 million of share repurchases, repurchasing 868,026 Wix ordinary shares in total at an approximate volume-weighted average price per share of $230.41
Total employee count at the end of Q1’25 was 5,275

Increase to Share Repurchase Program

Wix’s Board of Directors has authorized an increase to its program to repurchase the Company’s securities (ordinary shares and/or convertible notes) by an additional amount of up to $200 million, on top of the $200 million previously approved by the Board on February 26th, 2025 (which has not been used to date). This approval brings the repurchase authorization under the program to a total amount of up to $400 million.

____________________
^{1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of Q3 2024.}
^{2 Transaction revenue is a portion of Business Solutions revenue, and we define transaction revenue as all revenue generated through transaction facilitation, primarily from Wix Payments, as well as Wix POS, shipping solutions and multi-channel commerce and gift card solutions.}
^{3 Partners revenue is defined as revenue generated through agencies and freelancers that build sites or applications for other users (“Agencies”) as well as revenue generated through B2B partnerships, such as LegalZoom or Vistaprint (“Resellers”). We identify Agencies using multiple criteria, including but not limited to, the number of sites built, participation in the Wix Partner Program and/or the Wix Marketplace or Wix products used (incl. Wix Studio). Partners revenue includes revenue from both the Creative Subscriptions and Business Solutions businesses.}

Financial Outlook

Healthy first quarter results demonstrate impactful product innovation and disciplined execution of our key growth initiatives, including Studio, AI and our focus empowering Self Creators. Notably, new cohort strength remains robust through April and early May against a dynamic macro backdrop. We expect new cohort strength to continue and drive top-line growth acceleration in 2H as additional cohorts layer on throughout the year.

While we are encouraged by our strong Q1 results and robust top of funnel, we are maintaining full year bookings outlook of $2,025 – 2,060 million, up 11-13% y/y. This reflects conservatism due to macro uncertainty, specifically in our Business Solutions segment, with potential volatility offset by fully dissipating FX headwinds.

With these same considerations, we are also maintaining our full year revenue outlook of $1,970 – 2,000 million, up 12-14% y/y.

We expect total revenue in Q2 2025 to be $485 – 489 million, up 11-12% y/y.

For the full year 2025, we continue to expect non-GAAP total gross margin of ~70% and non-GAAP operating expenses to be 47-48% of revenue for the full year.

We continue to expect to generate free cash flow of $590 – 610 million, or ~30-31% of revenue.

As a result, we remain on track to achieve Rule of 45 in 2025 at the high end of our outlook.

Conference Call and Webcast Information

Wix will host a conference call to discuss the results at 8:30 a.m. ET on Wednesday, May 21st, 2025. A live and archived webcast of the conference call will be accessible from the “Investor Relations” section of the Company’s website at https://investors.wix.com/.

About Wix.com Ltd.

Wix is the leading SaaS website builder platform¹ to create, manage and grow a digital presence. Founded in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients.

For more about Wix, please visit our Press Room
Media Relations Contact: PR@wix.com

Share Repurchase Program

Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this Board authorization. The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company’s intent to perform the distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Regulations (Approval of Distribution), 5761–2001. The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company’s ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company’s financial results and liquidity, and other considerations. The Company expects to fund repurchases with cash on hand and future cash generated from its operations.

Non-GAAP Financial Measures and Key Operating Metrics

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, free cash flow on a constant currency basis, free cash flow, as adjusted, free cash flow margins, non-GAAP R&D expenses, non-GAAP S&M expenses, non-GAAP G&A expenses, non-GAAP operating expenses, non-GAAP cost of revenue expense, non-GAAP financial expense, non-GAAP tax expense (collectively the “Non-GAAP financial measures”). Measures presented on a constant currency or foreign exchange neutral basis have been adjusted to exclude the effect of y/y changes in foreign currency exchange rate fluctuations. Bookings is a non-GAAP financial measure calculated by adding the change in deferred revenues and the change in unbilled contractual obligations for a particular period to revenues for the same period. Bookings include cash receipts for premium subscriptions purchased by users as well as cash we collect from business solutions, as well as payments due to us under the terms of contractual agreements for which we may have not yet received payment. Cash receipts for premium subscriptions are deferred and recognized as revenues over the terms of the subscriptions. Cash receipts for payments and the majority of the additional products and services (other than Google Workspace) are recognized as revenues upon receipt. Committed payments are recognized as revenue as we fulfill our obligation under the terms of the contractual agreement. Bookings and Creative Subscriptions Bookings are also presented on a further non-GAAP basis by excluding, in each case, bookings associated with long term B2B partnership agreements. Non-GAAP gross margin represents gross profit calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization, divided by revenue. Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, acquisition-related expenses and sales tax expense accrual and other G&A expenses (income). Non-GAAP net income (loss) represents net loss calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, sales tax expense accrual and other G&A expenses (income), amortization of debt discount and debt issuance costs and acquisition-related expenses and non-operating foreign exchange expenses (income). Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the weighted average number of shares used in computing GAAP loss per share. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures. Free cash flow, as adjusted, represents free cash flow further adjusted to exclude one-time cash restructuring charges and the capital expenditures and other expenses associated with the buildout of our new corporate headquarters. Free cash flow margins represent free cash flow divided by revenue. Non-GAAP cost of revenue represents cost of revenue calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP R&D expenses represent R&D expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP S&M expenses represent S&M expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP G&A expenses represent G&A expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP operating expenses represent operating expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP financial expense represents financial expense calculated in accordance with GAAP as adjusted for unrealized gains of equity investments, amortization of debt discount and debt issuance costs and non-operating foreign exchange expenses. Non-GAAP tax expense represents tax expense calculated in accordance with GAAP as adjusted for provisions for income tax effects related to non-GAAP adjustments.

The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that these measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.

For more information on the non-GAAP financial measures, please see the reconciliation tables provided below. The accompanying tables have more details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures. The Company is unable to provide reconciliations of free cash flow, free cash flow margin, free cash flow, as adjusted, bookings, cumulative cohort bookings, non-GAAP gross margin, non-GAAP operating expenses, and non-GAAP tax expense to their most directly comparable GAAP financial measures on a forward-looking basis without unreasonable effort because items that impact those GAAP financial measures are out of the Company’s control and/or cannot be reasonably predicted. Such information may have a significant, and potentially unpredictable, impact on our future financial results.

Wix also uses Creative Subscriptions Annualized Recurring Revenue (ARR) as a key operating metric. Creative Subscriptions ARR is calculated as Creative Subscriptions Monthly Recurring Revenue (MRR) multiplied by 12. Creative Subscriptions MRR is calculated as the total of (i) the total monthly revenue of all Creative Subscriptions in effect on the last day of the period, other than domain registrations; (ii) the average revenue per month from domain registrations multiplied by all registered domains in effect on the last day of the period; and (iii) monthly revenue from other partnership agreements including enterprise partners.

Forward-Looking Statements

This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including, but not limited to revenue, bookings and free cash flow, and may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “subject”, “project,” “outlook,” “future,” “will,” “seek” and similar terms or phrases. The forward-looking statements contained in this document, including the quarterly and annual guidance, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our ability to attract and retain registered users and partners, and generate new premium subscriptions and additional business solutions as we continuously adjust our marketing strategy and customer care; maintenance of our brand and reputation, and generation of revenue from sources other than premium subscriptions; risks associated with international operations and the use of platform in various countries; risks related to the macroeconomic environment and ongoing global conflicts; security risks and payment risks and fluctuations in foreign currency exchange rates; failures of third-party hardware, software and infrastructure on which we rely, or failure to manage the operation of our infrastructure; adverse market conditions, including inflation, interest rates and other adverse developments that may adversely affect our cash balances and investment portfolio; our history of operating losses and inability to achieve sustained profitability; downturns or upturns in sales are not immediately reflected in full in our operating results; our ability to repurchase our ordinary shares and/or 0.00% Convertible Senior Notes due 2025 pursuant to our repurchase program; our ability to raise capital when needed or on acceptable terms; risks related to acquisitions and investments, pricing decisions, pandemics, natural disasters and other catastrophic events; our ability to develop and introduce new products and services, as well as maintain third-party products and are ability to keep up with rapid changes in design and technology; our ability to attract and retain qualified employees and key personnel; our ability to attract a diversified customer base and increased competition; our ability to maintain compatibility of our platform and solutions with changes in third-party applications and changes to technologies used in our solutions; our ability to acquire and service small business users; risks related to security breaches and unauthorized access to data, cyberattacks; our expectation regarding the uncertain future relationship between the United States and other countries with respect to trade policies, taxes, government regulations, and tariffs; our ability to comply with the regulations applicable to our operations, including new governmental regulations regarding the internet, consumer protection, artificial intelligence (“AI”), privacy and data protection laws and regulations, as well as contractual privacy and data protection obligations; risks relating to intellectual property, including infringements, litigation and claims, and our ability to maintain and protect our intellectual property rights and proprietary information; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; risks related to the development and integration of AI, generative AI, agentic AI, machine learning, and similar tools into our offerings, and comply with the regulatory environment impacting AI and AI-related activities; risks related to activities of registered users or content of their websites, and risks related to domain names and industry regulations; risks related to compliance with laws and regulations, including those related to economic sanctions, tariffs, export controls, anti-corruption and anti-money laundering, anti-trust, and consumer protection, and changes in these laws and regulations; risks related to tax, including application of indirect taxes, tax laws, changes in tax laws or changes in provision for income tax and examination of income tax returns; risks related to ordinary shares, activist shareholders, and our status as a foreign private issuer; risks related to our incorporation and location in Israel, including conflicts in the area; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; and our ability to enter into new markets and attracting new customer demographics, including our ability to successfully attract new partners and large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 21, 2025. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.


Wix.com Ltd.
CONSOLIDATED STATEMENTS OF OPERATIONS – GAAP
(In thousands, except loss per share data)

	Three Months Ended
	March 31,
		2025		2024
	(unaudited)
Revenues
Creative Subscriptions	$	337,676	$	304,293
Business Solutions		135,975		115,483
		473,651		419,776

Cost of Revenues
Creative Subscriptions		56,067		54,803
Business Solutions		95,725		82,494
		151,792		137,297

Gross Profit		321,859		282,479

Operating expenses:
Research and development		127,497		124,245
Selling and marketing		111,563		107,234
General and administrative		45,394		41,330
Total operating expenses		284,454		272,809
Operating income		37,405		9,670
Financial income, net		5,832		18,884
Other income, net		64		211

Income before taxes on income		43,301		28,765
Income tax expenses		9,535		4,763
Net income	$	33,766	$	24,002

Basic net income per share	$	0.61	$	0.43

Basic weighted-average shares used to compute net income per share		55,708,670		56,098,997

Diluted net income per share	$	0.57	$	0.41

Diluted weighted-average shares used to compute net income per share		60,384,510		58,647,238

Wix.com Ltd.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

	Period ended
	March 31,			December 31,
		2025			2024
Assets	(unaudited)			(audited)
Current Assets:
Cash and cash equivalents	$	653,276		$	660,939
Short-term deposits		112,078			106,844
Restricted deposits		793			773
Marketable securities		304,555			338,593
Trade receivables		47,328			44,674
Prepaid expenses and other current assets		59,132			128,577
Total current assets		1,177,162			1,280,400

Long-Term Assets:
Prepaid expenses and other long-term assets		31,343			27,021
Property and equipment, net		125,450			128,155
Marketable securities		6,183			6,135
Intangible assets, net		20,680			22,141
Goodwill		49,329			49,329
Operating lease right-of-use assets		395,513			399,861
Total long-term assets		628,498			632,642

Total assets	$	1,805,660		$	1,913,042

Liabilities and Shareholders’ Deficiency
Current Liabilities:
Trade payables	$	38,032		$	47,077
Employees and payroll accruals		78,983			143,131
Deferred revenues		698,343			661,171
Current portion of convertible notes, net		573,674			572,880
Accrued expenses and other current liabilities		79,546			63,246
Operating lease liabilities		29,369			27,907
Total current liabilities		1,497,947			1,515,412
Long Term Liabilities:
Deferred revenues		96,461			89,271
Deferred tax liability		1,066			1,965
Other long-term liabilities		19,414			16,021
Operating lease liabilities		359,389			369,159
Total long-term liabilities		476,330			476,416

Total liabilities		1,974,277			1,991,828

Shareholders’ Deficiency
Ordinary shares		107			107
Additional paid-in capital		1,923,576			1,840,574
Treasury shares		(1,225,165	)		(1,025,167	)
Accumulated other comprehensive loss		641			7,242
Accumulated deficit		(867,776	)		(901,542	)
Total shareholders’ deficiency		(168,617	)		(78,786	)

Total liabilities and shareholders’ deficiency	$	1,805,660		$	1,913,042

Wix.com Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
OPERATING ACTIVITIES:
Net income	$	33,766		$	24,002
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation		6,137			6,442
Amortization		1,461			1,483
Share based compensation expenses		60,261			58,142

Amortization of debt discount and debt issuance costs		794			790
Changes in accrued interest and exchange rate on short term and long term deposits		(224	)		880
Amortization of premium and discount and accrued interest on marketable securities, net		3,557			597

Remeasurement loss (gain) on Marketable equity		–			(3,367	)
Changes in deferred income taxes, net		1			(5,011	)
Changes in operating lease right-of-use assets		4,803			5,024
Changes in operating lease liabilities		(8,763	)		(3,652	)
Loss (gain) on foreign exchange, net		(2,006	)		553
Decrease (increase) in trade receivables		(2,654	)		1,119
Decrease (increase) in prepaid expenses and other current and long-term assets		58,289			(12,568	)
Decrease in trade payables		(9,338	)		(2,123	)

Decrease in employees and payroll accruals		(64,148	)		(2,429	)

Increase in short term and long term deferred revenues		44,362			41,319

Increase in accrued expenses and other current liabilities		19,193			2,635

Net cash provided by operating activities	$	145,491			113,836
INVESTING ACTIVITIES:

Proceeds from short-term deposits and restricted deposits		107,780			823

Investment in short-term deposits and restricted deposits		(112,810	)		(30,162	)
Investment in marketable securities		(27,693	)		(27,847	)
Proceeds from marketable securities		58,292			52,805

Purchase of property and equipment and lease prepayment		(2,629	)		(7,715	)
Capitalization of internal use of software		(421	)		(410	)
Proceeds from sale of equity securities		–			22,148
Proceed from realization of investments in privately held companies		417			–

Purchases of investments in privately held companies		(750	)		(550	)

Net cash provided by investing activities	$	22,186			9,092
FINANCING ACTIVITIES:

Proceeds from exercise of options and ESPP shares		22,654			22,628
Purchase of treasury stock		(200,000	)		(241,302	)

Net cash used in financing activities	$	(177,346	)		(218,674	)
Effect of exchange rates on cash, cash equivalent and restricted cash		2,006			(553	)

DECREASE IN CASH AND CASH EQUIVALENTS		(7,663	)		(96,299	)

CASH AND CASH EQUIVALENTS—Beginning of period		660,939			609,622
CASH AND CASH EQUIVALENTS—End of period	$	653,276		$	513,323

Wix.com Ltd.
KEY PERFORMANCE METRICS
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Creative Subscriptions		337,676			304,293
Business Solutions		135,975			115,483
Total Revenues	$	473,651		$	419,776

Creative Subscriptions		369,469			334,637
Business Solutions		141,436			122,644
Total Bookings	$	510,905		$	457,281

Free Cash Flow	$	142,441		$	105,711

Free Cash Flow excluding HQ build out	$	142,441		$	111,073
Creative Subscriptions ARR		1,372,670		$	1,244,264



Wix.com Ltd.
RECONCILIATION OF REVENUES TO BOOKINGS
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Revenues	$	473,651		$	419,776
Change in deferred revenues		44,362			41,319
Change in unbilled contractual obligations		(7,108	)		(3,814	)
Bookings	$	510,905		$	457,281

Y/Y growth		12	%

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Creative Subscriptions Revenues	$	337,676		$	304,293
Change in deferred revenues		38,901			34,158
Change in unbilled contractual obligations		(7,108	)		(3,814	)
Creative Subscriptions Bookings	$	369,469		$	334,637

Y/Y growth		10	%

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Business Solutions Revenues	$	135,975		$	115,483
Change in deferred revenues		5,461			7,161
Business Solutions Bookings	$	141,436		$	122,644

Y/Y growth		15	%



Wix.com Ltd.
RECONCILIATION OF COHORT BOOKINGS
(In millions)
	Three Months Ended
	March 31,
		2025			2024

Q1 Cohort revenues		9		$	9
Q1 Change in deferred revenues		27			23
Q1 Cohort Bookings	$	36		$	32



Wix.com Ltd.
RECONCILIATION OF REVENUES AND BOOKINGS EXCLUDING FX IMPACT
(In thousands)
	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Revenues	$	473,651		$	419,776
FX impact on Q1/25 using Y/Y rates		4,225			–
Revenues excluding FX impact	$	477,876		$	419,776
Y/Y growth		14	%

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Bookings	$	510,905		$	457,281
FX impact on Q1/25 using Y/Y rates		7,775			–
Bookings excluding FX impact	$	518,680		$	457,281
Y/Y growth		13	%



Wix.com Ltd.
TOTAL ADJUSTMENTS GAAP TO NON-GAAP
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
(1) Share based compensation expenses:	(unaudited)
Cost of revenues	$	3,320		$	3,590
Research and development		31,491			31,102
Selling and marketing		9,177			10,483
General and administrative		16,273			12,967
Total share based compensation expenses		60,261			58,142
(2) Amortization		1,472			1,483
(3) Acquisition related expenses		–			5
(4) Amortization of debt discount and debt issuance costs		794			790
(5) Sales tax accrual and other G&A expenses		699			121
(6) Unrealized loss (gain) on equity and other investments		(42	)		(3,367	)
(7) Non-operating foreign exchange income		(3,079	)		(4,663	)
(8) Provision for income tax effects related to non-GAAP adjustments		–			774
Total adjustments of GAAP to Non GAAP	$	60,105		$	53,285



Wix.com Ltd.
RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Gross Profit	$	321,859		$	282,479
Share based compensation expenses		3,320			3,590
Amortization		667			667
Non GAAP Gross Profit		325,846			286,736

Non GAAP Gross margin		69	%		68	%

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Gross Profit – Creative Subscriptions	$	281,609		$	249,490
Share based compensation expenses		2,367			2,669
Non GAAP Gross Profit – Creative Subscriptions		283,976			252,159

Non GAAP Gross margin – Creative Subscriptions		84	%		83	%

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Gross Profit – Business Solutions	$	40,250		$	32,989
Share based compensation expenses		953			921
Amortization		667			667
Non GAAP Gross Profit – Business Solutions		41,870			34,577

Non GAAP Gross margin – Business Solutions		31	%		30	%



Wix.com Ltd.
RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Operating income	$	37,405		$	9,670
Adjustments:
Share based compensation expenses		60,261			58,142
Amortization		1,472			1,483
Sales tax accrual and other G&A expenses		699			121
Acquisition related expenses		–			5
Total adjustments	$	62,432		$	59,751

Non GAAP operating income	$	99,837		$	69,421

Non GAAP operating margin		21	%		17	%



Wix.com Ltd.
RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME PER SHARE
(In thousands, except per share data)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Net income	$	33,766		$	24,002
Share based compensation expenses and other Non GAAP adjustments		60,105			53,285
Non-GAAP net income	$	93,871		$	77,287


Basic Non GAAP net income per share	$	1.69		$	1.38

Weighted average shares used in computing basic Non GAAP net income per share		55,708,670			56,098,997

Diluted Non GAAP net income per share	$	1.55		$	1.29

Weighted average shares used in computing diluted Non GAAP net income per share		60,384,510			60,073,986



Wix.com Ltd.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(In thousands)

	Three Months Ended
	March 31,
		2025			2024
	(unaudited)
Net cash provided by operating activities	$	145,491		$	113,836
Capital expenditures, net		(3,050	)		(8,125	)
Free Cash Flow	$	142,441		$	105,711


Capex related to HQ build out		–			5,362

Free Cash Flow excluding HQ build out	$	142,441		$	111,073

The MIL Network –

May 21, 2025

MIL-OSI: WISeKey Launches WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles

Source: GlobeNewswire (MIL-OSI)

WISeKey Launches WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles

Geneva, Switzerland — May 21, 2025 — WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, in partnership with its subsidiary, SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, today announces the launch of new enhanced WISe.ART marketplace, a revolutionary Web3 platform for digital art, digital twins, NFTs, and crypto collectibles. This next-generation marketplace is one of the first and largest of its kind.

The WISe.ART 3.0 platform redefines the digital art experience by providing creators and collectors with a secure, traceable, and intelligent environment for trading and authenticating digital assets.

Key Features of WISe.ART 3.0:

Native Web3 support: Users can securely and easily connect their Metamask or Walletconnect wallet to the platform. NFTs can be imported and exported to the marketplace to allow complete control of their digital collection.
Refreshed platform & Multi-Device support: The WISe.Art platform has received a complete overhaul of its front-end and back-end structure, allowing users to carry their digital collection with them at all times, as the new platform supports desktop, tablets and mobile devices.
Link Between Physical and Digital Assets: WISe.ART NFTs are irreversibly connected to their corresponding physical objects, ensuring tamper-proof authenticity and provenance.
Smart Contracts for Monetization: Artists and creators can set automated royalty structures, usage rights, and monetization strategies through embedded smart contracts.
Advanced Cybersecurity & Post-Quantum Resilience: Secured by WISeKey’s and SEALSQ’s digital identity and encryption technologies, the platform safeguards all transactions and digital interactions against present and future cyber threats.
Easy purchase with Crossmint support: The Crossmint integration allows for seamless transactions with credit and debit cards, Apple and Google Pay, from anywhere in the world. Users that do not possess a wallet can create a ghost wallet on-the-fly upon checking out.

For Version 3 we have listened to our users and have added important new functionalities which they requested:

Collectors and artists can now import pre-minted NFTs from other platforms as long as they are minted in the crypto we support (such as Hedera, Polygon or Eth) and that the pre-minted NFTs are compatible with our requirements. Those wishing to consolidate their NFT collections into one wallet – it can now be done on WISe.ART. Additionally, artists wishing to leave a certain platform can now join WISe.ART and showcase their complete collections on one platform safely and efficiently.
Relisting tokens on the secondary market is still possible but for those who do not have a compatible wallet, it can be created with few simple steps, new prices can be set as the market fluctuates.
The user journey for artists and collectors is made simple and intuitive. New FAQ or contact request forms have been integrated for those who seek human interaction. Our white glove service is enhanced throughout the process.

Since its launch in 2021, WISe.ART, the NFT platform developed by WISeKey, has led numerous high-impact and pioneering NFT projects. Combining trusted digital identity, robust cybersecurity, and environmental consciousness, WISe.ART has redefined how digital art and luxury collectibles are created, verified, and traded. Here are the most significant NFT projects it has executed:

ONUART Foundation & United Nations – NFT for Education in Africa: A collaboration with ONUART and the UN led to NFT auctions designed to fund school-building initiatives in Africa, combining philanthropy with digital innovation. In 2023, WISeArt artist were the first to donate generative artworks to the ONUART Foundation in celebration of the 71^st anniversary of the UN Human Right Charter.
Antonio Banderas Foundation – Pedro Sandoval NFT Drop: A limited-edition NFT by artist Pedro Sandoval was sold to benefit the Antonio Banderas Foundation, showcasing WISe.ART’s support for social causes through cultural art.
Swiss Collector Events & WISe.ART Awards: WISe.ART has organized NFT art exhibitions, including the WISe.ART Awards, recognizing digital creators and curators pioneering new frontiers in NFT art.

Revolutionizing the Future of Art

WISe.ART 3.0 is democratizing digital expression by empowering billions of people worldwide to create, share, and monetize their artistic visions through a secure and trusted platform. Whether it’s a digitally generated painting, a collectible tied to a physical sculpture, or a new form of cultural expression, WISe.ART enables creators from all backgrounds to participate in the global digital art economy, safely and transparently. A new physical space will open Geneva to represent WISe.ART digital works on May 22. This space aims to bridge the 19^th and 21^st Century technologies raising awareness among collectors. The showroom will be a case study for the web3 communities to mingle with their cultural heritage.

Accessible Art Purchasing — Crypto Optional

To acquire WISe.ART digital artworks, including those linked to NFTs or hosted on blockchains, cryptocurrency is not a requirement. NFTs are available for purchase in USD and other fiat currencies, and transactions can be completed securely via credit card, debit card, Apple Pay or Google Pay. Additionally, Crossmint facilitates the conversion of fiat money to crypto for users who wish to engage in blockchain-based purchases. While collectors of blockchain-based works typically need a crypto wallet, platforms such as Metamask and WalletConnect make wallet setup simple, intuitive, and user-friendly, enabling purchases with the ease of acquiring a traditional artwork.

Carlos Moreira, Founder and CEO of WISeKey, stated: “Since inception the platform has welcomed an eclectic array of works representing all types of art from physical pieces coupled with digital twins, numeric compositions, ai assisted or generated art, music and film as well as collectibles like real estate, jewelry and design. As technology progresses, we attract artists who are keen to explore the new possibilities and means to convey their message. Technology is a tool – art is a vector for communication.”

WISe.ART 3.0 opens the door to a future where creativity meets accountability, and where digital assets are as protected and valuable as their physical counterparts. For more information, visit www.wise.art

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.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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@equityny.com

The MIL Network –

May 21, 2025

MIL-OSI: Bitcoin Buys a View: Trump Tower Dubai Embraces Cryptocurrency Payments via Deus X Pay

Source: GlobeNewswire (MIL-OSI)

VILNIUS, Lithuania, May 21, 2025 (GLOBE NEWSWIRE) — Deus X Pay, a licensed institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East.

The new $1 billion Trump Tower Dubai, unveiled through partnership with London-listed Dar Global, marks a breakthrough in global luxury real estate. Eric Trump, Executive Vice President of the Trump Organisation and son of US President Donald Trump, has recently announced that Bitcoin and other digital currencies will be accepted for condo sales.

Ziad El Chaar, CEO of Dar Global, said the Trump Tower Dubai is among the most ambitious Trump-branded residential towers globally, reflecting the project’s magnitude, stature, and symbolic significance in the region and internationally.

Trump previously told Gulf Business that Dubai is where luxury real estate and financial innovation intersect, and projects like Trump Tower Dubai are leading the way. By embracing technologies like stablecoins, buyers gain a faster, cheaper and more transparent way to secure exclusive, high-end properties while reshaping how luxury transactions are conducted.

Deus X Pay, a licensed Virtual Asset Service Provider (VASP) in Lithuania, offers institutional stablecoin payment solutions, enabling luxury sectors such as real estate, aviation and yachting to capitalise on this new era of finance. Deus X Pay CEO, Richard Crook, highlights that Dubai has created an environment where stablecoins can flourish as a practical, secure tool for international transactions (with Crypto Watch reporting that crypto adoption in the UAE is expected to surge 210% in 2025), giving premium buyers faster, frictionless access to high-value assets.

“Dubai’s forward-thinking stance has unlocked a whole new economy, and the gold standard for transactions of high-value assets. International buyers seek faster settlements, fewer cross-border complications and seamless access to premium developments. This project is a defining moment — not just for Deus X Pay, but for the global real estate sector. We are thrilled to deliver the regulated rails that make it possible for premium property buyers to transact instantly, compliantly and without the traditional delays or friction.”

The Trump Tower Dubai, an 80-story architectural icon, offers the highest international standards for ultra-high-net-worth travellers and long-stay residents. The exclusive building boasts 2-3 bedroom apartments and 4-bedroom penthouses valued at over AED 73 million, the highest outdoor swimming pool in the world, and has views of the world’s tallest building, the Burj Khalifa.

This new skyscraper is part of an expanding trend across private aviation, superyachts, and luxury collectables as high-end sectors embrace digital assets as a payment option to future-proof legacy industries.

For media enquiries, contact:
Sarah Tran
Head of Marketing
media@deusxpay.com

About Deus X Pay
Deus X Pay is a regulated provider of institutional stablecoin payment solutions, revolutionising the authorisation, clearing, and settlement of cryptocurrency payments. We enhance global payment options for institutions, businesses, and corporations by seamlessly merging traditional finance with advanced digital payment infrastructure, enabling faster, more cost-effective, and secure transactions.

Fully compliant and regulated as a Virtual Asset Service Provider, Deus X Pay operates under a license in Lithuania, supervised by the Financial Crime Investigation Service (FNTT), the Czech Republic, supervised by the Financial Analytical Office (FAU), and in Canada, supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

As a part of the innovative crypto investment firm Deus X Capital, we equip organisations with state-of-the-art financial tools aimed at fostering growth and success in today’s dynamic market.

Disclaimer: This is a paid post and is provided by Deus X Pay. 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/4da4d9a6-74af-4322-b030-f4ed0f09eb4f

The MIL Network –

May 21, 2025
MIL-OSI Russia: Students from Moscow Colleges Win Computer Game Development Marathon

Translation. Region: Russian Federal

Source: Moscow Government – Government of Moscow –

The final of the unique all-Russian marathon GameCraft 2.0 on game development ended at the Moscow State College of Electromechanics and Information Technology. Students of the capital’s secondary specialized educational institutions won awards in all nine nominations. This was reported by the press service of the capital’s Department of Education and Science.

“This year, 80 teams from all over the country, including Tomsk and Krasnodar Krai, joined the GameCraft 2.0 marathon and demonstrated their developments in nine competition nominations. Over the course of several months, participants created their own computer games in 3D or 2D graphics. In the final, 19 best teams presented original projects — from 3D worlds to pixel platformers. Students from Moscow colleges showed the best results and became winners in all nominations of the marathon,” the department’s press service reported.

The marathon was won by teams from six Moscow educational institutions: Moscow State College of Electromechanics and Information Technology, Small Business College No. 4, College of Architecture, Design and Reengineering No. 26, Financial College No. 35, Moscow Automobile and Road College named after A.A. Nikolaev and Moscow College of Management, Hotel Business and Information Technology “Tsaritsyno”. The winners will have the opportunity to undergo an internship with the prospect of further employment in the CDK company, which became a partner of the marathon.

Student teams competed for the Best 3D Game, Best 2D Game, Best Graphics, Best Gameplay, Most Creative Idea, Best Sound and Music, Best Artificial Intelligence, Most Original Concept, and Audience Choice Award. They were assisted by mentors through webinars and consultations.

Thus, the team “Tadpoles” of the College of Small Business No. 4 won first place in the nomination “Best 2D Game”. The guys developed a puzzle game that offers to catch a butterfly in a jar using logic and improvised means. According to the expert jury, the project has a chance to get into online app stores.

“At first we wanted to make a detective game, but then we decided to create a puzzle – it seemed more interesting to us and suitable for the marathon format. Working on the project was not easy, but very exciting: in the process, we constantly returned to the finished elements, reviewed ideas, made changes. Thanks to a special system of intermediate stages – checkpoints – we could understand what works and what needs to be improved. This helped us grow as a team and make the game better,” shared Pavel Zelenin, a student at Small Business College No. 4.

The team from the Moscow State College of Electromechanics and Information Technology presented the game Cat’s Delivery in the genre of endless running about a delivery cat who dreams of saving up for his first electric guitar. All the characters were hand-drawn by the participants, and an original music playlist was written to create the atmosphere. The project won in the nomination “Best Sound and Musical Accompaniment” and took second place among 2D games.

Taisiya Gritsenko, a student at the educational institution, said that the idea of the game Cat’s delivery was born spontaneously. The girl decided to combine what is close to her: music, cats and the atmosphere of the night city. The marathon became her first step in creating computer games.

The projects of the participants were evaluated by an expert jury, headed by the CEO of the partner company Egor Pynzar, a teacher of the Moscow State College of Electromechanics and Information Technology Gadzhi Gadzhiev, an expert of the Professionals championship in the 3D modeling for computer games competency Magomed Omarov, as well as students Nikita Braga, Feodosiy Yachmenev and Ruslan Korobchenko.

The idea of holding the marathon belongs to students of the Moscow State College of Electromechanics and Information Technology. Last year it was held for the first time. In 2025, the students from the educational institution applied for a grant from the Federal Agency for Youth Affairs (Rosmolodezh) for further development of the project.

This summer, the Moscow State College of Electromechanics and Information Technology will begin recruiting for a new specialty, “Development of Computer Games, Augmented and Virtual Reality.” Students will be able to obtain a sought-after profession and master the latest technologies for creating modern games.

Detailed information about the specialties taught in the capital’s colleges is available in the “Colleges” section on the portal“School.Moscow”, in the telegram channel“Colleges of Moscow” And community of the same name on the social network VKontakte.

Get the latest news quickly official telegram channel the city of Moscow.

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.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

https: //vv.mos.ru/nevs/ite/154115073/

MIL OSI Russia News –

May 21, 2025
Fundamentally Flawed: Nvidia CEO Huang on U.S. Export Policy Fueling China’s Own Chip Development

Source: Government of India

Source: Government of India (4)

U.S. export controls on artificial intelligence chips to China were “a failure,” Nvidia Chief Executive Jensen Huang said on Wednesday.

“All in all, the export control was a failure,” Huang said, adding, “The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally flawed.”

The U.S. block on sales of advanced AI chips to China has forced companies there to buy semiconductors from Chinese designers such as Huawei, while also spurring China to invest aggressively to develop a supply chain that doesn’t rely on manufacturers outside the country.

Huang’s comments came after China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” measures following the U.S. guidance warning companies not to use advanced computer chips from China, including Huawei’s Ascend AI chips.

The U.S. action seriously undermined consensus reached at the high-level bilateral trade talks in Geneva, a statement from China’s commerce ministry said, vowing resolute measures if the U.S. continues to “substantially” harm China’s interests.

Huang, speaking at the annual Computex event in Taipei, said Nvidia’s market share in China dropped to 50% from 95% at the start of former U.S. President Joe Biden’s administration.

(Reuters)

May 21, 2025

MIL-OSI: CoinShares Expands XBT Provider Platform with Seven New Physical Crypto ETPs

Source: GlobeNewswire (MIL-OSI)

May 21, 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specializing in digital assets with over $6 billion in AUM, announces the expansion of its Swedish XBT Provider Platform with the launch of seven new physically-backed crypto Exchange Traded Products (ETPs).

CoinShares is leveraging its well-established and respected Swedish platform, CoinShares XBT Provider AB, to offer investors access to new digital assets with best-in-class structuration, cost-effective management fees, and staking rewards for proof-of-stake cryptocurrencies. Each product employs physical replication, meaning the underlying cryptocurrencies purchased and directly held in a regulated custodian.

The seven new products, all denominated and traded in SEK and listed on Nasdaq Stockholm, include:

Name	Management Fees	Staking Reward
CoinShares XBT Litecoin	1.50% p.a.	Not a proof of stake crypto
CoinShares XBT Chainlink	1.50% p.a.	Not a proof of stake crypto
CoinShares XBT Polkadot	Reduced to 0.00% p.a.	5.0% p.a.
CoinShares XBT Solana	Reduced to 0.00% p.a.	3.0% p.a.
CoinShares XBT Cardano	Reduced to 0.00% p.a.	2.0% p.a.
CoinShares XBT XRP	1.50% p.a.	Not a proof of stake crypto
CoinShares XBT Uniswap	1.50% p.a.	Not a proof of stake crypto

Jean-Marie Mognetti, CEO of CoinShares, commented on the launch: “We are glad to reinvigorate the CoinShares XBT Provider platform, which made history as the world’s first open-ended crypto ETP when created in 2015 and subsequently acquired by CoinShares in 2016. With this product extension, we’re enabling Swedish investors to access an expanded range of tokens through a pioneering and time-tested crypto ETP platform. The XBT Provider platform has consistently demonstrated its reliability and has become the trusted choice for Swedish investors seeking exposure to digital assets.

This expansion represents our commitment to developing the Swedish market, providing institutional-grade investment vehicles that can help bridge the adoption gap that currently exists compared to other European markets. By offering these innovative products on a trusted platform, we aim to accelerate digital asset integration within Sweden’s sophisticated financial ecosystem.”

“We are happy to see CoinShares expand their offering on our markets. The demand for ETPs is continuing to grow and this is an important step for the Swedish market in meeting that demand. With a broader range of locally listed ETPs, we give investors the opportunity to take advantage of cost-effective, transparent investment opportunities.” says Adam Kostyál, President, Nasdaq Stockholm

About CoinShares

CoinShares is a leading global digital asset manager that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK, and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
coinshares@mgroupsc.com

The MIL Network –

May 21, 2025

MIL-OSI China: Google’s Gemini has 400M monthly active users

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

Google’s Gemini AI app now has more than 400 million monthly active users, the company’s CEO Sundar Pichai said Tuesday during a press briefing ahead of Google I/O 2025.

Pichai said that Google’s AI overviews now reach more than 1.5 billion users every month. The company also announced during Google I/O 2025 that it’s putting AI mode in front of more users, as Google tries to update Search with more conversational experiences powered by generative AI.

The Gemini app is Google’s most direct challenge to compete with OpenAI in the chatbot era. According to Google’s recent court filings for its ongoing antitrust suit, the company estimated in March that Gemini had 350 million monthly active users, whereas ChatGPT had around 600 million.

MIL OSI China News –

May 21, 2025
MIL-OSI New Zealand: Parliament Hansard Report – Wednesday, 21 May 2025 – Volume 784 – 001480

Source: Govt’s austerity Budget to cause real harm in communities

Question No. 10—Housing

10. TAKUTAI TARSH KEMP (Te Pāti Māori—Tāmaki Makaurau) to the Associate Minister of Housing: What role, if any, have the Government’s policies and decisions played in contributing to the 53 percent increase in homelessness in Tāmaki Makaurau between September 2024 and January 2025, particularly for rangatahi?

Hon TAMA POTAKA (Associate Minister of Housing): Homelessness is a symptom of a broken housing system and a broken mental health system, and fixing these crises are both important for this Government. Government target No. 8 was to reduce the number of households in emergency housing by 75 percent, and we’ve achieved that in 15 months. One priority was to ensure that children were not growing up in that catastrophe that we know as emergency housing, and our decisions and mahi have led to around 3,000 children leaving emergency housing and coming out of emergency housing over the past 18 months. We’re very proud of that. The December 2024 homelessness insights report states it is not possible to determine the extent to which changes in homelessness numbers reflect broader economic, social, and health contexts or are attributable to policy changes.

Takutai Tarsh Kemp: What specific actions is the Government taking to prevent homelessness among rangatahi Māori, particularly to those exiting State care or youth justice systems, and how will these outcomes be measured?

Hon TAMA POTAKA: As this House has been told in the past, rangatahi-supported accommodation and youth-transitional accommodation continue to be supported. In addition to that, there are a number and a range of services—whether or not those are housing support products, housing first, transitional housing, and other pathways—for those people, including youths, who have some significant housing deprivation challenges.

Takutai Tarsh Kemp: How does the Minister justify the 2024 Budget decision to cut $40 million from Māori housing providers and $20 million from transitional housing for rangatahi?

Hon TAMA POTAKA: As we will recall, a number of agencies had to ensure that there were appropriate savings that came through Budget 2024 to enable and support ongoing delivery of better public services, such as health, education, defence, and the Police. But it was absolutely enthusing and energising for us to be in Toitu Tairawhiti last week in Gisborne where we saw the mahi, the good mahi, that has been undertaken by the people in Toitu Tairawhiti to construct around 150 new homes, with a priority on single mamas and tamariki.

Takutai Tarsh Kemp: What steps is the Government taking to empower kaupapa Māori and Māori- and community-led housing and support services, such as Mā Te Huruhuru, in Tāmaki-makau-rau in line with its Te Tiriti o Waitangi obligations?

Hon TAMA POTAKA: This House may recall that recently we announced around $200 million of Māori housing tautoko to build 400 homes right throughout the country. Whether or not that’s up in Kaitāia or in Tūranga and Toitu Tairawhiti with the good mahi they are doing, and Ka Uruora throughout the North Island and others throughout the country, we continue to be very proud of the mahi that we are doing to support Māori housing and also the mahi that Minister Penk has been undertaking around granny flats and some of the ongoing mahi and good work being undertaken to look at papa kāinga.

Takutai Tarsh Kemp: Supplementary. [Interruption]

SPEAKER: Just wait for the House to gather itself a bit. Thank you.

Takutai Tarsh Kemp: What is the Government doing to ensure the safety and wellbeing of rangatahi placed in emergency motel accommodation, and when will it invest in safe, culturally grounded, long-term, alternative, led-by-Maori communities?

Hon TAMA POTAKA: Let’s get back to some data points. In December 2023, there were around 3,438 children in emergency housing—that moral, fiscal, social, and cultural catastrophe. As of the end of March, there were around 516—many, many of whom were Māori that have left and exited as a result of the priority one decision that was taken by this Government to expedite those households and whānau who have been living in emergency housing for over 12 weeks. Now, we are very proud of the decisions that we have taken to expedite those whānau and tamariki out of those difficult and exposed lives in emergency hotels, particularly in places like Ulster Street in Hamilton West.

Rt Hon Winston Peters: Would the Minister have any idea as to how many homeless Māori the $80 million – plus profits the Waipareira Trust could house if the money was applied to them properly?

Hon TAMA POTAKA: There is a lot of mahi to do, and we’re getting on and doing the mahi here in this Government.

Takutai Tarsh Kemp: Will the Government commit to increasing funding for Māori housing and wraparound services for providers in Thursday’s Budget, in light of the 53 percent increase in homelessness in Tāmaki-makau-rau?

Hon TAMA POTAKA: As the “mana pūtea” Minister Willis will say, one more version of “Hine E Hine” to come. Kia ora tātou.

Debbie Ngarewa-Packer: A point of order, please, Mr Speaker. The question was quite specific, and I just wonder if the Speaker can advise, where the member asked “Will the Government commit to increasing funding”, based on a 53 percent increase in Tāmaki-makau-rau—we’re not clear on what that answer was or whether it was actually directed to the actual question.

SPEAKER: I took it to mean that the—[Interruption] I’m speaking. I took it to mean that the Budget’s being delivered tomorrow and that he was not going to be releasing Budget information ahead of the delivery tomorrow.

MIL OSI New Zealand News –

May 21, 2025
MIL-OSI USA: Gov. Pillen Signs Legislation Protecting Kids From Big Tech
Source: US State of Nebraska

. Pillen Signs Legislation Protecting Kids From Big Tech

LINCOLN, NE – Today, Governor Jim Pillen signed LB140, LB383, and LB172 – a slate of legislation brought on his behalf, aimed at providing protections to kids from utilization of online services and social media. Upon passage, LB383 was amended to include LB172.

In January, Gov. Pillen stood with senators to introduce the proposed measures, broadly aimed at:
- Restricting the use of cell phones in school, bell to bell (LB140)
- Providing parents with a variety of parental controls over social media accounts (LB383)
- Expanding prohibitions against child pornography to include materials created through AI (LB172)
“I appreciate the partnership of senators Sanders, Storer and Hardin to get each of these bills across the finish line. They know that the most important thing we do in this state is protect our kids,” said Gov. Pillen. “The research is clear about the detriments from overexposure to social media and the way Big Tech works to keep kids online and coming back for more. This has been a considerable effort, and I appreciate the collective work to get the bills to my desk for signature.”

A fourth bill, also introduced on behalf of the Governor – LB504 – has been advanced to the final round of debate. Sponsored by Senator Carolyn Bosn, the Age-Appropriate Online Design Code Act requires that online services protect user data, implement design features that will reduce harm resulting from compulsive use, and enables parents to have access to privacy and account settings.

MIL OSI USA News –
May 21, 2025
MIL-OSI Russia: CPC Central Committee Politburo Member Calls for Strengthening Cooperation with Egypt

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

CAIRO, May 21 (Xinhua) — Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Publicity Department of the CPC Central Committee, visited Egypt from May 17 to 20, calling for strengthening cooperation with Egypt in the fields of culture, tourism, media, publishing and think tanks, and efforts to make China-Egypt cooperation a model of exchanges and mutual learning among civilizations.

He noted that both China and Egypt are ancient civilizations, and the friendship between the two peoples has a long history. The China-Egypt comprehensive strategic partnership has flourished under the strategic guidance of the leaders of the two countries, the Politburo member added.

China is willing to cooperate with Egypt in implementing the important agreements reached by the two heads of state, strengthening high-level political mutual trust, promoting high-quality cooperation and strengthening coordination in international and regional affairs, Li Shulei said.

He also said China is willing to join hands with the Arab League to uphold the spirit of China-Arab friendship and continue to promote the rapid development of China-Arab relations.

During the visit, Lee Shulei met with Speaker of the House of Representatives of Egypt Hanafi Ali al-Ghebali, Prime Minister Mustafa Madbouly and the leader of the Future of the Nation party, First Deputy Speaker of the House of Representatives Ahmed Saad al-Din Mohamed Abdel-Rehim. Lee Shulei also held talks with Arab League Secretary General Ahmed Abu al-Gheit.

During the meetings, Egyptian officials said China is the most sincere friend and partner of Egypt and other African countries, and thanked Beijing for its long-standing support. They said Egypt firmly adheres to the one-China principle and firmly supports the country in achieving national reunification.

Egypt is willing to strengthen the alignment of development strategies with China, expand practical cooperation in such areas as infrastructure, new energy and high technology, strengthen dialogue among civilizations and people-to-people exchanges, and deepen coordination and cooperation in multilateral platforms so as to benefit both countries and their peoples and safeguard the common interests of developing countries, they stressed.

A.A. Al-Gheit said the Arab League is ready to play an active role in ensuring the success of the second China-Arab States summit and in promoting the creation of an Arab-Chinese community with a shared future. –0–

MIL OSI Russia News –

May 21, 2025
Airstrikes kill dozens in Gaza, international criticism of Israel grows

Source: Government of India

Source: Government of India (4)

Israeli forces killed at least 55 Palestinians in airstrikes in Gaza on Tuesday, local medics said, continuing to bombard the enclave despite mounting international pressure to halt military operations and allow unimpeded deliveries of aid.

Britain announced it was suspending trade talks with Israel and summoning its ambassador over “egregious policies” in the occupied West Bank and Gaza, while European Union foreign policy chief Kaja Kallas asked for a review of the EU-Israel trade deal, according to Dutch news agency ANP.

The war, now in its 20th month, has left Gaza in ruins and its population facing a worsening hunger crisis. It has strained Israel’s relations with much of the world and those with its closest ally, the United States, now appear to be wavering.

The United Nations said no humanitarian aid had been distributed yet in Gaza, although Israel eased its 11-week-old blockade on Monday.

“Israeli authorities are requiring us to offload supplies on the Palestinian side of Kerem Shalom crossing and reload them separately once they secure our team’s access from inside Gaza,” said U.N. spokesperson Stephane Dujarric.

He said four trucks of baby food were dropped off on the Palestinian side of the border on Monday, and that a few dozen trucks of flour, medicine, nutrition supplies and other basic items entered Gaza on Tuesday.

Israel’s military said 93 UN aid trucks entered Gaza on Tuesday via Kerem Shalom “after a thorough security inspection”.

Indirect ceasefire talks between Israel and Hamas militants in Qatar appeared to falter again, with Israeli Prime Minister Benjamin Netanyahu saying he had decided to bring back the senior negotiating team from Doha for consultations.

Hamas accused Netanyahu of entering the talks in bad faith, pretending to participate in a bid to mislead global public opinion. “No real negotiations have taken place since last Saturday,” the Palestinian Islamist group said in a statement.

Israel’s military chief said during a Gaza field tour that the army would expand its operations against Hamas, capture additional territory and “clear and destroy the terrorist infrastructure until (Hamas) is defeated”.

18 DEAD IN AIRSTRIKE ON TWO HOMES, MEDICS SAY

Israel conducted further airstrikes on Tuesday across the densely populated enclave and medics said the sites hit included two homes where children were among the 18 dead, and a school housing displaced families.

Israel’s military, which on Monday warned those in the southern Gaza city of Khan Younis to evacuate to the coast as it prepared for an “unprecedented attack”, had no comment. Israel says Hamas uses civilian buildings for cover; Hamas denies this.

In Gaza City, Reuters footage showed men, women and children sifting through the rubble of the Daraj neighbourhood school where they had been sheltering, and where charred pieces of clothing and a red teddy bear lay among scattered belongings.

At nearby Al-Ahli Hospital, men said prayers over bodies wrapped in white shrouds, before carrying them to their graves.

“What is our fault? What is the fault of children? What is the fault of the women we found on the stairs with their hair and clothes torn and burned?” said Omar Ahel, who had been sheltering at the school. “By God, this is injustice.”

Israeli strikes have killed more than 500 people in the past nine days as the military campaign has intensified, Gaza medics say.

SANCTIONS

British Prime Minister Keir Starmer told parliament he, along with the leaders of France and Canada, was “horrified” by Israel’s military escalation, repeating calls for a ceasefire.

The three nations had warned on Monday of “concrete actions” against Israel if it did not stop military operations in Gaza and lift restrictions on aid.

In addition to suspending trade talks, Britain announced sanctions against a number of individuals and groups in the Israeli-occupied West Bank over alleged violence against Palestinian residents.

EU sanctions on violent Israeli settlers have been prepared but have so far been blocked by one member state, the EU’s Kallas said, without naming the country.

“External pressure will not divert Israel from its path in defending its existence and security against enemies who seek its destruction,” Israeli Foreign Ministry spokesperson Oren Marmorstein posted on X.

Israel’s ground and air offensive has displaced nearly all Gaza’s 2.3 million residents and killed more than 53,000, according to Gaza health authorities.

The campaign began after Hamas-led militants attacked Israeli communities near Gaza’s border in October 2023, killing about 1,200 people and seizing 251 hostages, according to Israeli tallies.

The hunger crisis in Gaza deepened after Israel imposed a blockade on supplies from March 2. The U.N. says at least 500 trucks of aid and commercial goods need to enter Gaza every day to alleviate the humanitarian crisis.

Louise Wateridge of the U.N. Palestinian refugee agency UNRWA said on Tuesday there was little food left.

“Everything’s empty. The warehouses, the distribution centres, they’ve been empty for weeks,” she said, speaking from a warehouse in Jordan that she said had food for 200,000 people that could be driven to Gaza in just a few hours.

Israel’s leadership has insisted that it can free remaining hostages and dismantle Hamas through stepped-up military action. Hamas has said it would free the hostages in exchange for an end to the war and the release of Palestinians in Israeli jails.

(Reuters)

May 21, 2025
MIL-OSI China: Growing cultural pride fuels China’s archaeology tourism boom

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

Tourists enter Suzhou Archaeological Museum in Suzhou, east China’s Jiangsu Province on May 18, 2025. (Xinhua/Huang Shuo)

The overwhelming number of visitors flocking to the newly opened Suzhou Archaeological Museum came as a surprise to the curator Cheng Yi.

Cheng said he had expected 3,000 to 4,000 visitors at most on the first day, mostly those with archaeological knowledge or professionals in the field. “We ended up receiving 7,000 to 8,000 people — many of them ordinary citizens and tourists from outside the city,” he said.

Located in the eastern city of Suzhou in Jiangsu Province, the museum opened on May 17, right before China Tourism Day and International Museum Day, which fall on Monday and Sunday, respectively.

Cheng believes the upcoming Children’s Day, which coincides with the Dragon Boat Festival holiday from May 31 to June 2, will bring another peak in visitors, as the museum will hold a special exhibition of ancient toys unearthed in Suzhou for the occasion. An even greater influx is expected during the summer holidays.

Suzhou Archaeological Museum reflects a growing nationwide enthusiasm for archaeology-themed tourism. In recent years, archaeological and historical museums across China have become trending destinations, often requiring online reservations and drawing long queues.

People have not only gained interest in traditionally famous museums like the Palace Museum, but are also eager to explore remote ancient sites such as Yanmen Pass in Shanxi Province.

According to Cheng, it is meaningful to build such an archaeological museum in Suzhou, which was a hub of cultural and economic exchanges in the Yangtze River Delta in ancient times, and the significance is beyond public archaeological education. “It also stirs pride in our hometown,” he said.

He believes the country’s economic development and growing national strength have played a significant part in fostering public interest in history and culture.

“In the past, when people struggled to make a living, they wouldn’t think about these things. Today, people feel proud of China’s achievements. This represents the revival of an ancient civilization,” he said.

Cheng noted that the country is also vigorously promoting a national project on tracing the origins of Chinese civilization, and as more and more cultural relics are unearthed, the 5,000-year history of Chinese civilization is being substantiated.

As archaeology as an academic discipline becomes more widely known to the public, Cheng believes that presenting the full process from relics’ excavation to museum display both meets the needs of professionals and captures the interest of the general public.

A hallmark of archaeological museums, according to Cheng, is that the exhibits are authentic, since they were all unearthed by experts and verified through scientific methods before display.

“What was this object used for?” “Who was buried here?” “Are all the relics real?” Cheng was surrounded by visitors bombarding him with such questions.

Many visitors were interested in a large tomb of the ancient Eastern Wu state. It is believed to have belonged to the family of Sun Quan, founding king of the Wu State during the Three Kingdoms period (220-280), though the exact identity of the tomb’s occupant remains unknown.

Despite having been looted, the large tomb has largely retained its structure, with its architectural design, passageways, and side chambers all faithfully presented. After its excavation was completed in 2018, the tomb was divided into parts and stored at a facility due to the lack of a proper display venue, until the Suzhou Archaeological Museum was constructed. The tomb parts were carefully delivered to the museum and recombined to show visitors the tomb’s original appearance.

A 62-year-old visitor excitedly took pictures and repeatedly told nearby visitors his childhood memories about the tomb. “I used to live here as a child and played on these mounds,” said the visitor who declined to give his name. “I had no idea that such a grand tomb lay underneath.”

Yan Xinfeng, a warehouse keeper who moved from Sanmenxia in central China’s Henan Province to work in Suzhou years ago, is a fan of historical dramas and often visits museums. “After visiting this archaeological museum, I realized Suzhou’s history is older than I thought, and ancient people were far more advanced than I imagined, as they created so many such intricate items,” he said. “I feel proud.”

After visiting, 9-year-old Xu Xuhan said she was impressed by a hairpin unearthed from the Eastern Wu tomb, which might help identify the tomb’s owner.

“I love history and want to know how our civilization started,” she said. The third-grader has not yet taken history lessons at primary school, but said she had learnt a lot from a number of museums across China she visited with her parents.

“I want to become an archaeologist when I grow up,” she said.

Many of the exhibits at the museum are newly discovered artifacts that help fill gaps in archaeological knowledge from the Neolithic Liangzhu culture, to the Spring and Autumn and Warring States Periods (770 B.C.-221 B.C.) and beyond.

For instance, a pottery shard offers clues that the Wu and Yue regions, which cover the current-day Suzhou, were once under the rule of the Qin Empire (221 B.C.-207 B.C.), as the Chinese characters inscribed on it were written in the Qin script. Numerous other artifacts on display also support the idea that the area was a hub of the ancient Maritime Silk Road.

More notably, the museum also houses archaeological tools and explains excavation methods to highlight archaeology as a science and dispel public misconceptions.

“There was a time when people thought archaeology was just tomb-raiding,” Cheng said. He added that the museum is looking to use virtual reality and artificial intelligence in the future to let the public experience archaeological digs firsthand.

As China places greater emphasis on history and culture, and as traditional Chinese aesthetics grow in popularity among the public, more museums of this kind will open to the public across the country, Cheng believes.

MIL OSI China News –

May 21, 2025

MIL-OSI: AMD Introduces New Radeon Graphics Cards and Ryzen Threadripper Processors at COMPUTEX 2025

Source: GlobeNewswire (MIL-OSI)

– Radeon RX 9060 XT brings next-gen gaming experiences and FSR 4 ML-powered upscaling to mainstream users –

– Threadripper 9000 Series and Radeon AI PRO R9700 redefine workstation and high-end desktop performance with full-spectrum compute and local AI processing –

TAIPEI, Taiwan, May 20, 2025 (GLOBE NEWSWIRE) — At COMPUTEX 2025, AMD (NASDAQ: AMD) unveiled its latest breakthroughs in high-performance computing with the launch of Radeon™ RX 9060 XT and Radeon™ AI PRO R9700 graphics cards, and Ryzen™ Threadripper™ 9000 Series processors. Engineered to address the toughest workloads in gaming, content creation, professional industries and AI development, these new processors push the boundaries of what’s possible.

“These announcements underscore our commitment to continue delivering industry-leading innovation across our product portfolio,” said Jack Huynh, senior vice president and general manager, Computing and Graphics Group at AMD. “The Radeon RX 9060 XT and Radeon AI PRO R9700 bring the performance and AI capabilities of RDNA 4 to workstations and gamers all around the world, while our new Ryzen Threadripper 9000 Series sets the new standard for high-end desktops and professional workstations. Together, these solutions represent our vision for empowering creators, gamers, and professionals with the performance and efficiency to push boundaries and drive creativity.”

The new Radeon RX 9060 XT GPUs are powered by the advanced AMD RDNA™ 4 architecture and deliver smooth, responsive 1440p gaming with FSR 4 ML-enhanced upscaling, and accelerated ray tracing. For those who build worlds, tell stories through pixels, or chase victory in esports, these cards offer the performance and intelligence to elevate every experience.

AMD also announced the Radeon™ AI PRO R9700, a new GPU built on AMD RDNA™ 4 architecture with second-generation AMD AI accelerators. With 32GB of graphics memory and PCIe® Gen 5 support, it’s designed for local AI inference, model finetuning, and complex creative workloads, with scalability for multi-GPU systems.

AMD also introduced the Ryzen Threadripper PRO 9000 WX-Series and Ryzen Threadripper 9000 Series processors — bringing record-setting core counts, massive memory bandwidth, and next-gen platform capabilities to professional and enthusiast desktops. Whether rendering cinematic VFX, simulating real-world physics, or locally fine-tuning billion-parameter AI models, these processors are built to break bottlenecks and accelerate innovation.

AMD Powers Next-Gen Gaming Infused with AI
Designed to unlock ultra-smooth gaming at 1440p, the Radeon RX 9060 XT is built for players who expect more. Equipped with up to 16GB of GDDR6 memory and 32 AMD RDNA 4 compute units, the GPU doubles ray tracing throughput compared to the previous generation, providing gamers with more realistic lighting, shadows, and reflections that bring virtual worlds to life.

Second-generation AI accelerators power features like FidelityFX™ Super Resolution 4 (FSR 4), which uses machine learning to boost frame rates and image fidelity under even the most demanding rendering conditions. HYPR-RX delivers a full suite of optimizations, including Radeon Super Resolution and Fluid Motion Frames for lightning-fast response times and immersive, tear-free visuals. With support for FP8 data types and structured sparsity, the RX 9060 XT is ready for the next generation of AI-assisted gameplay, creative tools, and generative experiences.

Model	Compute Units	VRAM	Game Clock (GHz)	Boost Clock¹ (GHz)	Memory Interface	Infinity Cache	TBP	Price (USD SEP)
AMD Radeon™ RX 9060 XT 8GB	32	8 GB	2.53	Up to 3.13	128-bit	32 MB	Starting at 150W	$299
AMD Radeon™ RX 9060 XT 16GB	32	16 GB	2.53	Up to 3.13	128-bit	32 MB	Starting at 160W	$349

Pricing and Availability
AMD Radeon RX 9060 XT graphics cards are expected to be available from leading board partners including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, Vastarmor, XFX and Yeston, beginning later this year. The AMD Radeon RX 9060 XT 8GB has an SEP of $299 USD, while the AMD Radeon RX 9060 XT 16GB has an SEP of $349 USD.

AMD Radeon AI PRO R9700: Built for AI-Powered Workstations
Professionals advancing AI development can rely on the AMD Radeon™ AI PRO R9700 to accelerate local inference, model finetuning, and other data-heavy workflows. With second-generation AI accelerators delivering up to 2x the throughput of the previous generation² and full support for the ROCm™ software stack on Linux, with support for ROCm™ on Windows coming soon, the R9700 is built for high-performance AI with on-device control and flexibility.

The Radeon AI PRO R9700 also scales effectively in multi-GPU configurations, expanding memory and compute capacity for large models and parallel tasks. This flexibility makes it ideal for advanced workstations tackling complex simulations, real-time rendering, or concurrent AI workloads.

Model	Compute Units	VRAM	Game Clock (GHz)	Boost Clock¹ (GHz)	Memory Interface	Infinity Cache	TBP
AMD Radeon™ AI PRO R9700	64	32 GB	2.35	Up to 2.92	256-bit	64 MB	300W

Pricing and Availability
The new Radeon AI PRO R9700 is expected to be available from leading board partners starting in July 2025.

Ryzen Threadripper 9000 Series Workstations Processors Redefine Performance
The new AMD Ryzen Threadripper PRO 9000 WX-Series and Threadripper 9000 Series processors are purpose-built to handle the most demanding multi-threaded workloads and empower professionals to bring complex visions to life faster than ever.

At the top of the stack, the Ryzen Threadripper PRO 9995WX offers 96 cores and 192 threads, ideal for visual effects, simulation, and AI model development. With up to 384MB of L3 cache and 128 lanes of PCIe® 5.0 connectivity, these processors make short work of large datasets, multi-GPU workloads, and memory-intensive applications. All PRO models come equipped with AMD PRO technologies for enterprise-grade security, manageability, and platform stability, helping to simplify IT operations.

For enthusiasts and creators who demand workstation-grade compute in a high-end desktop (HEDT) platform, the Ryzen Threadripper 9000 Series offers up to 64 cores, enabling efficient content creation, rapid compiling, and local AI training without the need to offload to the cloud, helping to reduce cost, latency and improve privacy.

Model	Cores/Threads	Base Frequency	Boost Frequency¹	TDP	Total Cache
AMD Ryzen™ Threadripper™ PRO 9995WX	96 C / 192 T	2.5 GHz	5.4 GHz	350W	480 MB
AMD Ryzen™ Threadripper™ PRO 9985WX	64 C / 128 T	3.2 GHz	5.4 GHz	350W	320 MB
AMD Ryzen™ Threadripper™ PRO 9975WX	32 C / 64 T	4.0 GHz	5.4 GHz	350W	160 MB
AMD Ryzen™ Threadripper™ PRO 9965WX	24 C / 48 T	4.2 GHz	5.4 GHz	350W	152 MB
AMD Ryzen™ Threadripper™ PRO 9955WX	16 C / 32 T	4.5 GHz	5.4 GHz	350W	80 MB
AMD Ryzen™ Threadripper™ PRO 9945WX	12 C / 24 T	4.7 GHz	5.4 GHz	350W	76 MB
AMD Ryzen™ Threadripper™ 9980X	64 C / 128 T	3.2 GHz	5.4 GHz	350W	320 MB
AMD Ryzen™ Threadripper™ 9970X	32 C / 64 T	4.0 GHz	5.4 GHz	350W	160 MB
AMD Ryzen™ Threadripper™ 9960X	24 C / 48 T	4.2 GHz	5.4 GHz	350W	152 MB

Pricing and Availability
The AMD Ryzen Threadripper PRO 9000 WX-Series processors are expected to be available from MNCs, including Dell, HP and Lenovo, and Supermicro, as well as system integrators starting later this year. High-end desktop platforms featuring AMD Ryzen Threadripper 9000 Series processors, as well as DIY Ryzen Threadripper 9000 Series and select Ryzen Threadripper PRO 9000 WX-Series processors, will be available from retailers starting July 2025.

AMD Continue to Deliver the Future of AI PCs
During the keynote, Jack Huynh was joined by ASUS Co-CEO S.Y. Hsu to introduce the new ASUS Expert P Series Copilot+ PCs, the next-generation commercial PCs designed to bring AI acceleration to the enterprise. Powered by up to AMD Ryzen™ AI PRO 300 Series processors, these systems offer up-to 50+ TOPS of NPU performance, enabling fast, efficient AI-enhanced productivity in top-of-the-line business platforms. Featuring AMD PRO Technologies, Ryzen AI PRO Series processors deliver the enterprise-grade security and manageability features needed for the modern IT environment.

“We’re proud to deepen our collaboration with AMD as we usher in a new era of AI-powered computing,” said S.Y. Hsu, Co-CEO of ASUS. “With the addition of the new Expert series — built from the ground up to revolutionize performance and efficiency for the modern workplace — to our broad AI PC portfolio, and commitment to innovation, we aim to deliver next-gen AI experiences that empower users everywhere.”

“At Lenovo, we’re committed to delivering AI PCs that are not only powerful, but truly personal and productive. Our long-standing collaboration with AMD continues to drive this vision forward — from high-performance laptops to innovative workstations. Together, we’re enabling faster, smarter computing experiences for every kind of user. We’re especially excited about what’s coming next in our ThinkStation P8 workstation, where AMD’s latest high-performance Ryzen Threadripper PRO processors will unlock new possibilities for creators and professionals alike,” said Luca Rossi, President, Intelligent Devices Group, Lenovo.

Supporting Resources

Learn more about AMD at COMPUTEX 2025 here
Learn more AMD Radeon Graphics cards here
Learn more about AMD FidelityFX Super Resolution here
Learn more about Adrenalin Edition AI software here
Learn more about HYPR-RX profiles here
Learn more about Radeon AI PRO Graphics cards here
Learn more about AMD Ryzen Threadripper processors here
Learn more about AMD PRO Technologies here
Follow AMD on LinkedIn
Follow AMD on X

About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

^{____________________________________________
1} Boost Clock Frequency is the maximum frequency achievable on the GPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-151.
² Testing as of 3/11/2025 by AMD. Average performance of multiple runs for “How long would it take for a ball dropped from 10 meter height to hit the ground?“ and “Summarize the following in exactly five lines: [Insert Scene 1 Act 1 of Romeo and Juliet]”, drop edge cases where the model starts overthinking (more than 2k thinking tokens) to standardize response length. No speculative decode. All tests conducted on LM Studio 0.3.12 and Vulkan llama.cpp 1.18 with 100% GPU offload for AMD. NVIDIA-recommended CUDA llama.cpp used for RTX 4090 with NVIDIA-recommended 50% GPU offload (https://blogs.nvidia.com/blog/ai-decoded-lm-studio/). Models tested: DeepSeek R1 Qwen 32b Q8 and DeepSeek R1 Llama 70b Q4 K M. System specifications: AMD Ryzen™ 7700X, 64GB DDR5 RAM 4800 MT/s, Windows 11 24H2 26100.2894, AMD Radeon™ PRO W7900 48GB and W7800 48GB using Adrenalin 25.1.1 Optional vs AMD Ryzen™ 9800X3D, 32GB DDR5 RAM 6000 MT/s.,Windows 11 24H2 26100.2894 and NVIDIA GeForce RTX 4090. GeForce 572.70. Performance may vary. RPW-493.

Contact:
Stacy MacDiarmid
AMD Communications
+1 512-658-2265
Stacy.MacDiarmid@amd.com

Liz Stine
AMD Investor Relations
+1 720-652-3965
Liz.Stine@amd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fb45eaf-59b5-4ca5-af70-411984cb93a1

The MIL Network –

May 21, 2025

MIL-OSI: ASUS and AMD Jointly Unveil Full 2025 Expert P Series Lineup at AMD Keynote

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 20, 2025 (GLOBE NEWSWIRE) — ASUS and AMD today jointly announced the launch of the all-new ASUS Expert P-series Copilot+ PCs at Computex 2025, spotlighting its leadership in the commercial AI PC space. Powered by the latest AMD Ryzen™ AI 300 Series processors, the new lineup includes ExpertBook P3 (PM3) laptop, ExpertCenter P700 (PM700MK, PM700SK) desktops, ExpertCenter P600 (PM640, PM670) all-in-one PCs, and ExpertCenter PN54 Mini PC.

These next-generation business devices are engineered to deliver lightning-fast AI computing, seamless productivity, and enhanced security for working professionals — all within a future-ready, sustainable design.

“We’re proud to deepen our collaboration with AMD as we usher in a new era of AI-powered computing. At ASUS, we believe AI will fundamentally transform the PC — from system architecture to real-world applications,” said S.Y. Hsu, ASUS Co-CEO. “With the addition of the new Expert series — built from the ground up to revolutionize performance and efficiency for the modern workplace — to our broad AI PC portfolio, and commitment to innovation, we aim to deliver next-gen AI experiences that empower users everywhere.”

ASUS ExpertBook P3 series

Leading the charge is the ExpertBook P3 Series, the fastest ASUS ExpertBook AI PC to date. Available in 14-inch (PM3406) and 16-inch (PM3606) variants, ExpertBook P3 is powered by up to AMD Ryzen™ AI PRO 7 processors and offers up to 66 total TOPS of AI performance. It features ExpertCool thermal technology that keeps its cool whether opened or closed, a full metal chassis, and a full array of I/O ports positioned to enhance comfort and mouse movement.

AMD Ryzen PRO processors provide business users with 18 months of planned software stability, 24 months of planned availability, and a rigorous platform validation process to ensure long-term quality.

ASUS ExpertCenter P600 series

The ExpertCenter P600 series represents the first Copilot+ PC all-in-one from ASUS, available in both 24-inch (PM640) and 27-inch screen (PM670) sizes. Designed for privacy and performance, P600 delivers up to 50 TOPS of dedicated NPU power for real-time content creation, and includes a retractable camera, wide-view FHD touchscreen, and business-grade durability. Microsoft Copilot is integrated for seamless collaboration.

ASUS ExpertCenter P700 series

Similarly, the ExpertCenter P700 series debuts as the first Copilot+ PC desktop from ASUS, offered in mini tower (PM700MK) and small-form factor (PM700SK) options. With up to 50 TOPS of AI compute power, a tool-free chassis, and MIL-STD-810H durability, it’s built to power through every business scenario.

ASUS ExpertCenter PN54 Mini PC

Completing the P series is the ExpertCenter PN54 Mini PC, which brings Copilot+ capabilities to a palm-sized form factor, making it the ideal solution for space-constrained environments such as kiosks, retail setups, and minimalist workstations. Despite its compact design, PN54 delivers robust performance and AI acceleration, enabling smarter workflows and seamless multitasking in any setting.

Comprehensive AI tools and enterprise-grade security

All ASUS ExpertBook and ExpertCenter P-series models come equipped with ASUS AI ExpertMeet and ASUS ExpertGuardian — powerful tools that are available today to enhance collaboration and ensure business-grade protection.

AI ExpertMeet is our exclusive on-device assistant that elevates meeting experiences with AI-powered translation, meeting transcript and summary. ExpertGuardian provides all-around protection from hardware and software to firmware. P-series machines are also engineered with a commercial-grade, NIST SP 800-155-compliant BIOS, built-in TPM 2.0 and five years of ASUS BIOS and driver-updates support, offering layered security from software to firmware to hardware.

ASUS also offers all-around and added-value support for businesses of all sizes to maximize efficiency and minimize IT-management overhead. Our flexibility, world-class experience and instant support lets you focus on growing your business to incredible heights.

AVAILABILITY & PRICING

The new ASUS ExpertBook P3 powered by up to the AMD Ryzen™ AI PRO 7 processors are expected to be available in Canada starting from late Q3 2025.

The new ExpertCenter P series with the new AMD Ryzen™ AI 300 Series processors is expected to be available in Canada in early Q1 2026.

Please contact your local ASUS representative for further information.

NOTES TO EDITORS

ASUS ExpertBook laptops: https://www.asus.com/ca-en/business/laptops/expertbook/

ASUS ExpertCenter desktops: https://www.asus.com/ca-en/displays-desktops/tower-pcs/expertcenter/

ASUS Business website: https://www.asus.com/ca-en/business/

ASUS LinkedIn: https://www.linkedin.com/company/asus/posts/

ASUS Business LinkedIn: https://www.linkedin.com/showcase/asus-business/

ASUS Pressroom: http://press.asus.com

ASUS Canada Facebook: https://www.facebook.com/asuscanada/

ASUS Canada Instagram: https://www.instagram.com/asus_ca

ASUS Canada YouTube: https://ca.asus.click/youtube

ASUS Global X (Twitter): https://www.x.com/asus

About ASUS

ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, the company is world-renowned for continuously reimagining today’s technologies. Consistently ranked as one of Fortune’s World’s Most Admired Companies, ASUS is also committed to sustaining an incredible future. The goal is to create a net zero enterprise that helps drive the shift towards a circular economy, with a responsible supply chain creating shared value for every one of us.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f3f4814-2879-465c-823a-62d00d90bcc9

The MIL Network –

May 21, 2025
MIL-OSI USA: VIDEO: Senator Hassan Presses Homeland Security Secretary Noem on Protecting Constitutional Rights and Secures Commitment to Follow Court Orders

US Senate News:

Source: United States Senator for New Hampshire Maggie Hassan
WASHINGTON – During a Senate Homeland Security Committee hearing today, U.S. Senator Maggie Hassan (D-NH) questioned Department of Homeland Security Secretary Kristi Noem about preserving the fundamental constitutional protection of habeas corpus, which requires that the government provide a reason for detaining or imprisoning someone, as well as an opportunity for that person to seek judicial review of their detention. There have been recent reports that the Trump Administration is considering unilaterally suspending habeas corpus. Senator Hassan also pressed Secretary Noem on critical national security challenges, including the rise of AI-enabled cybercrime targeting seniors and vulnerabilities in U.S. critical infrastructure from attacks by adversaries like China.
To watch Senator Hassan’s hearing questions, click here.
Senator Hassan began by questioning Secretary Noem about the fundamental constitutional protection of habeas corpus after the Trump Administration stated it was considering suspending this right. Secretary Noem incorrectly defined habeas corpus as “a constitutional right that the President has to be able to remove people from this country.” Senator Hassan explained that “habeas corpus is the legal principle that requires that the government provide a public reason for detaining and imprisoning people. If not for that protection, the government could simply arrest people, including American citizens, and hold them indefinitely for no reason.” She emphasized that “habeas corpus is the foundational right that separates free societies like America from police states like North Korea. As a Senator from the Live Free or Die state, this matters a lot to me and my constituents and to all Americans.”
Senator Hassan then secured a commitment from Secretary Noem that she would follow court orders if the President attempted to suspend habeas corpus and a federal court reversed that order. “I’m glad that you have now committed to following court orders. I’m glad you believe in the basic freedom for Americans if ordered to do so by a court,” said Senator Hassan.
Senator Hassan then asked how the Department of Homeland Security is addressing increasingly sophisticated cyber criminals targeting Americans. These criminals use new tools and techniques, including artificial intelligence-generated imagery, to rob Americans, including seniors who lost $5 billion to scammers in 2024 alone. Senator Hassan also raised concerns about recent reports that the Chinese government installed remote access to Chinese-made power inverters, potentially allowing China to disable parts of our power grid. She pushed Secretary Noem to bolster DHS’s efforts to partner with state and local governments on cybersecurity.

MIL OSI USA News –

May 21, 2025
MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 21, 2025

ER Report: Here is a summary of significant articles published on EveningReport.nz on May 21, 2025.

Australian para sport has issues everywhere – here’s what must be fixed ahead of the Brisbane Paralympics
Source: The Conversation (Au and NZ) – By Katherine Raw, Lecturer, Sport Management, Swinburne University of Technology Bratislav Kostic/Shutterstock Australia’s underwhelming performance at the 2024 Paris Paralympics has raised serious questions about how well our adaptive sport system is working. The Paris games returned our lowest medal tally since 1988, from our smallest team since

What’s the difference between skim milk and light milk?
Source: The Conversation (Au and NZ) – By Margaret Murray, Senior Lecturer, Nutrition, Swinburne University of Technology bodnar.photo/Shutterstock If you’re browsing the supermarket fridge for reduced-fat milk, it’s easy to be confused by the many different types. You can find options labelled skim, skimmed, skinny, no fat, extra light, lite, light, low fat, reduced fat,

AI is now used for audio description. But it should be accurate and actually useful for people with low vision
Source: The Conversation (Au and NZ) – By Kathryn Locke, Associate Researcher in Digital Disability, Centre for Culture and Technology, Curtin University Chansom Pantip/Shutterstock Since the recent explosion of widely available generative artificial intelligence (AI), it now seems that a new AI tool emerges every week. With varying success, AI offers solutions for productivity, creativity,

NZ Budget 2025: science investment must increase as a proportion of GDP for NZ to innovate and compete
Source: The Conversation (Au and NZ) – By Nicola Gaston, Director of the MacDiarmid Institute for Advanced Materials and Nanotechnology, University of Auckland, Waipapa Taumata Rau Shutterstock/Olivier Le Queinec A lack of strategy and research funding – by both the current and previous governments – has been well documented, most comprehensively in the first report

Starvation of Gaza – a distressing continuation of a decades-old plan
SPECIAL REPORT: By Jeremy Rose Reading an NBC News report a couple of days ago about a Trump administration plan to relocate 1 million Gazans to Libya reminded me of a conversation between the legendary Warsaw Ghetto leader Marek Edelman and fellow fighter and survivor Simcha Rotem that took place more than quarter of a

Spotify continues to change music. What’s next – will AI musicians replace music made by humans?
Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra Spotify was started, according to its official claims, because its founders “love music and piracy was killing it”. In Mood Machine, music journalist Liz Pelly argues this is rewriting history. In fact, she

Feats of the human body behind Tom Cruise’s stunts in Mission: Impossible movies
Source: The Conversation (Au and NZ) – By Dan Baumgardt, Senior Lecturer, School of Physiology, Pharmacology and Neuroscience, University of Bristol He’s leapt from cliffs, clung to planes mid-takeoff and held his breath underwater for as long as professional freedivers. Now, at 62, Tom Cruise returns as Ethan Hunt for one final mission – and

After another call with Putin, it looks like Trump has abandoned efforts to mediate peace in Ukraine
Source: The Conversation (Au and NZ) – By Stefan Wolff, Professor of International Security, University of Birmingham After a two-hour phone call with Russian leader Vladimir Putin on May 19, US president Donald Trump took to social media to declare that Russia and Ukraine will “immediately start negotiations” towards a ceasefire and an end to

The public service has a much smaller gender pay gap than the private sector. It’s a big achievement
Source: The Conversation (Au and NZ) – By Leonora Risse, Associate Professor in Economics, University of Canberra NDAB Creativity/Shutterstock After two years of publishing the gender pay gaps of Australia’s private-sector companies, the Workplace Gender Equality Agency has released public-sector employer data for the first time. The report shows a stark contrast between the private

For making stars, it’s not just how much gas a galaxy has that matters – it’s where it’s hiding
Source: The Conversation (Au and NZ) – By Barbara Catinella, Professor and Senior Principal Research Fellow, International Centre for Radio Astronomy Research (ICRAR), The University of Western Australia One of the galaxies mapped by WALLABY: the red shade shows the atomic hydrogen gas content of the galaxy, overlaid on an optical image showing the stars.

The Queensland melioidosis outbreak is still growing. What’s keeping this deadly mud bug active?
Source: The Conversation (Au and NZ) – By Thomas Jeffries, Senior Lecturer in Microbiology, Western Sydney University ap-studio/Shutterstock The outbreak of the deadly “mud bug” melioidosis in north Queensland has not yet abated since it began at the start of this year. So far there have been 221 cases and 31 deaths from the disease

‘Outdated and irrelevant’: what do young Australians think of their schooling?
Source: The Conversation (Au and NZ) – By Jun Eric Fu, Senior Research Fellow, Youth Research Collective, The University of Melbourne LBeddoe/Shutterstock Australia’s school system – and whether it is doing its job – is often under the microscope from politicians, experts and parents. The most recent NAPLAN results in 2024 triggered a wave of

Culture at the core: examining journalism values in the Pacific
ANALYSIS: By Birte Leonhardt, Folker Hanusch and Shailendra B. Singh The role of journalism in society is shaped not only by professional norms but also by deeply held cultural values. This is particularly evident in the Pacific Islands region, where journalists operate in media environments that are often small, tight-knit and embedded within traditional communities.

The band is breaking up: has the Coalition stopped making sense?
Source: The Conversation (Au and NZ) – By Joshua Black, Visitor, School of History, Australian National University I remember seeing footage, several years ago, of a jubilant Malcolm Turnbull, then prime minister and Liberal leader, speaking in Tamworth to loyal members of the National Party. These were the rank and file who had spent weeks

Health chief ‘conductor of an orchestra who’s never played an instrument’
ANALYSIS: By Ian Powell In February 2025, Dr Diana Sarfati resigned, not unexpectedly, as Director-General of Health after only two years into her five-year term. As a medical specialist, and in her role as developing the successful cancer control agency, she had extensive experience in New Zealand’s health system. However, she did not conform to

Victorian budget has cash to splash on health, transport but new levies, job cuts, rising debt signal pain ahead
Source: The Conversation (Au and NZ) – By David Hayward, Emeritus Professor of Public Policy, RMIT University There was not a lot of cheer in the media reporting ahead of the 2025/6 Victorian budget released on Wednesday. Debt and deficits dominated the coverage. All eyes turned to new treasurer, Jaclyn Symes, to see if in

RBA cuts interest rates, ready to respond again if the economy weakens further
Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra Reserve Bank Governor Michele Bullock speaks at a forum during the World Bank/IMF meetings in Washington in April. Jose Luis Magana/AP The Reserve Bank of Australia cut the official interest rate for the

The Coalition is on a break, but the Nationals risk finding their former partner doesn’t want them back
Source: The Conversation (Au and NZ) – By Linda Botterill, Visiting Fellow, Crawford School of Public Policy, Australian National University In the weeks since the federal election, there’s been much speculation about the future of the Coalition agreement. In their soul-searching, it seemed possible the Liberals might pull the pin, given the degree of their

Israel slammed over ‘cynical’ sidestep of global rulings on Gazan humanitarian aid
Asia Pacific Report Israel has been accused of “manipulation” and “cynical” circumvention of global decisions calling for unrestricted humanitarian aid access to the besieged Gaza enclave. “In a clear act of defiance against international humanitarian obligations, the occupying state has permitted only nine aid trucks to enter the Gaza Strip — covering both the devastated

Keith Rankin Analysis – The Aratere and the New Zealand Main Trunk Line
Analysis by Keith Rankin. Government-owned Kiwirail is supposed to be presiding over the New Zealand Main Trunk (Railway) Line, from Auckland to Invercargill. As such it runs a ferry service (The Interislander) between New Zealand’s North and South Islands. We are being told by Kiwirail (and see today’s report on Radio NZ) that the only

MIL OSI Analysis – EveningReport.nz –

May 21, 2025
MIL-OSI USA: Chairman Capito Talks California Waiver CRA at GOP Leadership Press Conference

US Senate News:

Source: United States Senator for West Virginia Shelley Moore Capito
[embedded content]
To watch Chairman Capito’s remarks, click here or the image above.
WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, delivered remarks during the weekly Senate GOP Leadership Press Conference on the joint resolution of disapproval under the Congressional Review Act (CRA) that she introduced to repeal California’s EV waiver that prohibit the sale of new gas-powered light-duty vehicles by 2035.
HIGHLIGHTS:
LEADERSHIP AT EPW: “As Chair of the Environment and Public Works Committee, I am the one who is leading the California waiver Congressional Review Act.”
ON THE CALIFORNIA WAIVER: “The onerous quality of this of this rule is just beyond description, not just the penalties, forcing certain states and certain consumers to purchase a vehicle that they may not want or that they can’t find. It really eliminates what I think our country was built on, which is individual choice and making the decisions for yourselves.”
DELAY FROM BIDEN ADMIN: “I think the one thing that’s interesting about this mandate is the Biden administration – California asked for this waiver in May of 2023. It was not granted until the very end of December of 2024. You know why? Because they know the American people reject this handily.”
THE CONGRESSIONAL REVIEW ACT: “The Trump administration, under Administrator Zeldin’s leadership, submitted it as a rule, it is a rule submitted to [Congress], it is within the boundaries of the Congressional Review Act.”

MIL OSI USA News –

May 21, 2025
MIL-OSI Global: AI is now used for audio description. But it should be accurate and actually useful for people with low vision

Source: The Conversation – Global Perspectives – By Kathryn Locke, Associate Researcher in Digital Disability, Centre for Culture and Technology, Curtin University

Chansom Pantip/Shutterstock

Since the recent explosion of widely available generative artificial intelligence (AI), it now seems that a new AI tool emerges every week.

With varying success, AI offers solutions for productivity, creativity, research, and also accessibility: making products, services and other content more usable for people with disability.

The award-winning 2024 Super Bowl ad for Google Pixel 8 is a poignant example of how the latest AI tech can intersect with disability.

Directed by blind director Adam Morse, it showcases an AI-powered feature that uses audio cues, haptic feedback (where vibrating sensations communicate information to the user) and animations to assist blind and low-vision users in capturing photos and videos.

Javier in Frame showcases an accessibility feature found on Pixel 8 phones.

The ad was applauded for being disability inclusive and representative. It also demonstrated a growing capacity for – and interest in – AI to generate more accessible technology.

AI is also poised to challenge how audio description is created and what it may sound like. This is the focus of our research team.

Audio description is a track of narration that describes important visual elements of visual media, including television shows, movies and live performances. Synthetic voices and quick, automated visual descriptions might result in more audio description on our screens. But will users lose out in other ways?

AI as people’s eyes

AI-powered accessibility tools are proliferating. Among them is Microsoft’s Seeing AI, an app that turns your smartphone into a talking camera by reading text and identifying objects. The app Be My AI uses virtual assistants to describe photos taken by blind users; it’s an AI version of the original app Be My Eyes, where the same task was done by human volunteers.

There are increasingly more AI software options for text-to-speech and document reading, as well as for producing audio description.

Audio description is an essential feature to make visual media accessible to blind or vision impaired audiences. But its benefits go beyond that.

Increasingly, research shows audio description benefits other disability groups and mainstream audiences without disability. Audio description can also be a creative way to further develop or enhance a visual text.

Traditionally, audio description has been created using human voices, script writers and production teams. However, in the last year several international streaming services including Netflix and Amazon Prime have begun offering audio description that’s at least partially generated with AI.

Yet there are a number of issues with the current AI technologies, including their ability to generate false information. These tools need to be critically appraised and improved.

Is AI coming for audio description jobs?

There are multiple ways in which AI might impact the creation – and end result – of audio description.

With AI tools, streaming services can get synthetic voices to “read” an audio description script. There’s potential for various levels of automation, while giving users the chance to customise audio description to suit their specific needs and preferences. Want your cooking show to be narrated in a British accent? With AI, you could change that with the press of a button.

However, in the audio description industry many are worried AI could undermine the quality, creativity and professionalism humans bring to the equation.

The language-learning app Duolingo, for example, recently announced it was moving forward with “AI first” development. As a result, many contractors lost jobs that can now purportedly be done by algorithms.

On the one hand, AI could help broaden the range of audio descriptions available for a range of media and live experiences.

But AI audio description may also cost jobs rather than create them. The worst outcome would be a huge amount of lower-quality audio description, which would undermine the value of creating it at all.

AI shouldn’t undermine the quality of assistive technologies, including audio description.
Ground Picture/Shutterstock

Can we trust AI to describe things well?

Industry impact and the technical details of how AI can be used in audio description are one thing.

What’s currently lacking is research that centres the perspectives of users and takes into consideration their experiences and needs for future audio description.

Accuracy – and trust in this accuracy – is vitally important for blind and low-vision audiences.

Cheap and often free, AI tools are now widely used to summarise, transcribe and translate. But it’s a well-known problem that generative AI struggles to stay factual. Known as “hallucinations”, these plausible fabrications proliferate even when the AI tools are not asked to create anything new – like doing a simple audio transcription.

If AI tools simply fabricate content rather than make existing material accessible, it would even further distance and disadvantage blind and low-vision consumers.

We can use AI for accessibility – with care

AI is a relatively new technology, and for it to be a true benefit in terms of accessibility, its accuracy and reliability need to be absolute. Blind and low-vision users need to be able to turn on AI tools with confidence.

In the current “AI rush” to make audio description cheaper, quicker and more available, it’s vital that the people who need it the most are closely involved in how the tech is deployed.

Kathryn Locke is employed as a researcher on the Australian Research Council’s discovery grant, “Diversifying audio description in the Australian digital landscape”.

Tama Leaver receives funding from the Australian Research Council. This work is supported by the discovery grant, “Diversifying audio description in the Australian digital landscape”. He is a chief investigator in the ARC Centre of Excellence for the Digital Child.

– ref. AI is now used for audio description. But it should be accurate and actually useful for people with low vision – https://theconversation.com/ai-is-now-used-for-audio-description-but-it-should-be-accurate-and-actually-useful-for-people-with-low-vision-256808

MIL OSI – Global Reports –

May 21, 2025
MIL-OSI Russia: Introduction of new professions in China reflects the vitality of the country’s economic development

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

At the closed test site of the National Internet of Vehicles Pilot Zone in Tianjin City (Xiqing District), Yao Zhonghua, an intelligent and connected vehicle (ICV) test specialist, is fully engrossed in creating a test scenario to prepare for the discovery of the ICV’s automatic emergency braking (AEB) function.

“We use test equipment to conduct tests on the efficiency and reliability of intelligent and connected vehicle functions, and record test videos and data in real time,” said Yao Zhonghua, 33.

In July 2024, the Ministry of Human Resources and Social Security of China and two other departments jointly released a list of 19 new occupations, and ICV tester is one of them.

According to analysis by Wang Linlin, dean of the Department of Human Resource Management at Nankai University Business School, over 70 percent of these new jobs are aimed at building new-quality productive forces, covering cutting-edge areas of “digital intelligence” such as the digital economy, green energy and intelligent manufacturing, which are the result of China’s technological revolution and industrial upgrading.

The introduction of new occupations leads to a broader range of products and services, allowing more people to make full use of their own advantages and open up new development opportunities. The new advanced occupations are highly consistent with the core content of the concept of “new quality productive forces” and reflect the vitality of China’s economic development.

At present, China’s renewing professional system has accelerated its development towards digitalization and intellectualization. Both the emergence of many new professions and the diversification of employers also reflect the acceleration of the country’s economic transformation and modernization.

“The emergence of new occupations creates a human resource base to ensure the growth of productive forces of new quality, promotes the movement of labor from low-value-added industries to high-skilled industries, and improves the overall quality of employment,” Wang Linlin said.

Taking the ICV industry as an example, more and more Chinese auto enterprises are pursuing innovative changes driven by new technologies. Digital workshops, smart factories, etc. are being built one after another, and innovative technological solutions and application scenarios are being introduced, leading to the constant emergence of new types of work and new professions.

She Hongzhi, deputy general manager of Yongtai Henji Investment (Tianjin), the operator of the National Internet of Vehicles Pilot Zone in Tianjin City (Xiqing District), said that in 2024, the total testing time at the closed testing site in the pilot zone exceeded 5,000 hours, showing a year-on-year increase of 150%.

“We have activated the development of the ICV industry, promoted the integration of enterprises into an industrial chain, created hundreds of vacancies in new professions, and the demand for skilled personnel in the fields of artificial intelligence, intelligent manufacturing and big data continues to grow,” She Hongzhi emphasized.

With the steady development of the digital economy, intelligent manufacturing and other fields, the demand for talent in new professions continues to grow. For example, according to forecasts in a report by consulting company McKinsey, by 2030, China’s demand for artificial intelligence specialists will reach 6 million people, and the shortage may reach 4 million people. According to the company’s estimates, the shortage of highly qualified digital specialists in China has already reached 25-30 million people, and it will continue to increase.

MIL OSI Russia News –

May 21, 2025
MIL-OSI China: Apple’s Worldwide Developers Conference to kick off June 9

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

Apple on Tuesday announced the lineup for its upcoming Worldwide Developers Conference (WWDC25), including the Keynote and Platforms State of the Union sessions.

Set to take place online from June 9 to 13, the free conference will bring together the global Apple developer community to explore the latest tools, technologies, and features across Apple’s platforms, the company said.

Throughout the week, developers worldwide will have the opportunity to connect with Apple engineers, designers, and evangelists, and stream more than 100 sessions focused on helping them build innovative, platform-differentiated apps and games for Apple’s ecosystem. On June 9, Apple will also host a special in-person event at Apple Park, welcoming over 1,000 developers and students.

The Keynote address will be available to stream on apple.com, the Apple TV app, and the Apple YouTube channel. Following the Keynote, the Platforms State of the Union will offer a deeper dive into the new technologies and tools available to developers — spanning iOS, iPadOS, macOS, tvOS, visionOS, and watchOS, Apple said.

Members of the Apple Developer Program and Apple Developer Enterprise Program will also be able to engage directly with Apple experts through online group labs and one-on-one appointments. These interactions will cover a broad range of topics, including Apple Intelligence, app design, developer tools, graphics and gaming, machine learning, Swift, and more.

In addition, 50 winners of this year’s Swift Student Challenge — one of Apple’s programs designed to inspire and support the next generation of entrepreneurs, developers, and designers — will be recognized for their outstanding submissions and invited to a special three-day experience at Apple Park, the company announced.

MIL OSI China News –

May 21, 2025
MIL-OSI China: MNCs foresee tailwinds for vibrancy

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

The momentum generated by government policies aimed at stabilizing foreign investment, combined with the rapid growth of green and artificial intelligence-driven economies, will deliver strong tailwinds for foreign companies in China this year, said foreign business executives.

With rising global economic headwinds and uncertainty over United States’ trade policies, many global enterprises are opting to consolidate their presence in China, with plans to maintain or expand investment.

China’s stable and business-friendly environment supported a modest rebound in foreign direct investment in March, with actual FDI inflows into the Chinese mainland increasing by 13.2 percent year-on-year, data from the Ministry of Commerce showed.

Marelli Holdings Co Ltd, a Saitama, Japan-headquartered multinational automotive parts manufacturer with more than 50 manufacturing facilities across the world, will expand its engineering team from 800 to 1,000 in China over the next three years.

“Many opportunities arise from Chinese automakers’ rapid shift toward electrification and intelligence, especially in the form of software-defined vehicles, which are setting new benchmarks for speed, scale and innovation,” said David Slump, the group’s president and CEO.

With China and the US agreeing to de-escalate trade tensions last week, Slump said that these two countries are major markets for Marelli.

“We are closely monitoring and assessing the situation, and are committed to minimizing any impact on our operations and customers,” said Slump. He added that the company is already exporting advanced products and solutions from China to other markets, including Europe, Mexico and Southeast Asia.

Also upbeat about the Chinese market, British pharmaceutical company AstraZeneca announced in March an investment of $2.5 billion to establish in Beijing its sixth global strategic R&D center, and further expand its biotech innovation partnerships and local manufacturing capabilities.

The new facility will advance early-stage research and clinical development and will be enabled by a new AI and data science laboratory.

Susan Galbraith, executive vice-president, oncology R&D, Astra-Zeneca, said that having two of its six global strategic R&D centers in China reflects the group’s confidence in China’s world-class biomedical innovation ecosystem and reinforces the nation’s critical role in its global R&D strategy.

Ji Wenhua, a professor at the Academy of China Open Economy Studies, which is part of the University of International Business and Economics in Beijing, said that China’s well-developed industrial bases, strong supply chain resilience and policy emphasis on innovation continue to make it an attractive destination for global capital.

According to China’s 2025 Action Plan for Stabilizing Foreign Investment, the country will support pilot regions in effectively implementing opening-up policies related to areas such as value-added telecommunication, biotechnology and wholly foreign-owned hospitals, providing whole-journey services for foreign-invested projects in these sectors.

The action plan also supports foreign businesses to participate in China’s new industrialization, with a focus on high-tech fields. Global capital has been welcomed in service sectors such as elderly care, culture and tourism, sports, healthcare, vocational education and finance.

As part of its strategy to strengthen operations in China, US express transportation service provider FedEx Corp announced in mid-May that it would enhance its international export services from Shanghai.

The cutoff times for same-day outbound shipments from Shanghai to Europe, Asia-Pacific and the Middle East, India and Africa will be further extended.

The foreign trade value of foreign-invested businesses reached 4.1 trillion yuan ($567.51 billion) in China between January and April, up 1.9 percent year-on-year, accounting for 29 percent of China’s total foreign trade value, statistics from the General Administration of Customs showed.

In the meantime, Jiangsu province, a major hub for foreign-invested companies, recorded 864.25 billion yuan in foreign trade value, up 7.2 percent year-on-year, according to Nanjing Customs.

MIL OSI China News –

May 21, 2025
MIL-Evening Report: AI is now used for audio description. But it should be accurate and actually useful for people with low vision

Source: The Conversation (Au and NZ) – By Kathryn Locke, Associate Researcher in Digital Disability, Centre for Culture and Technology, Curtin University

Chansom Pantip/Shutterstock

Since the recent explosion of widely available generative artificial intelligence (AI), it now seems that a new AI tool emerges every week.

With varying success, AI offers solutions for productivity, creativity, research, and also accessibility: making products, services and other content more usable for people with disability.

The award-winning 2024 Super Bowl ad for Google Pixel 8 is a poignant example of how the latest AI tech can intersect with disability.

Directed by blind director Adam Morse, it showcases an AI-powered feature that uses audio cues, haptic feedback (where vibrating sensations communicate information to the user) and animations to assist blind and low-vision users in capturing photos and videos.

Javier in Frame showcases an accessibility feature found on Pixel 8 phones.

The ad was applauded for being disability inclusive and representative. It also demonstrated a growing capacity for – and interest in – AI to generate more accessible technology.

AI is also poised to challenge how audio description is created and what it may sound like. This is the focus of our research team.

Audio description is a track of narration that describes important visual elements of visual media, including television shows, movies and live performances. Synthetic voices and quick, automated visual descriptions might result in more audio description on our screens. But will users lose out in other ways?

AI as people’s eyes

AI-powered accessibility tools are proliferating. Among them is Microsoft’s Seeing AI, an app that turns your smartphone into a talking camera by reading text and identifying objects. The app Be My AI uses virtual assistants to describe photos taken by blind users; it’s an AI version of the original app Be My Eyes, where the same task was done by human volunteers.

There are increasingly more AI software options for text-to-speech and document reading, as well as for producing audio description.

Audio description is an essential feature to make visual media accessible to blind or vision impaired audiences. But its benefits go beyond that.

Increasingly, research shows audio description benefits other disability groups and mainstream audiences without disability. Audio description can also be a creative way to further develop or enhance a visual text.

Traditionally, audio description has been created using human voices, script writers and production teams. However, in the last year several international streaming services including Netflix and Amazon Prime have begun offering audio description that’s at least partially generated with AI.

Yet there are a number of issues with the current AI technologies, including their ability to generate false information. These tools need to be critically appraised and improved.

Is AI coming for audio description jobs?

There are multiple ways in which AI might impact the creation – and end result – of audio description.

With AI tools, streaming services can get synthetic voices to “read” an audio description script. There’s potential for various levels of automation, while giving users the chance to customise audio description to suit their specific needs and preferences. Want your cooking show to be narrated in a British accent? With AI, you could change that with the press of a button.

However, in the audio description industry many are worried AI could undermine the quality, creativity and professionalism humans bring to the equation.

The language-learning app Duolingo, for example, recently announced it was moving forward with “AI first” development. As a result, many contractors lost jobs that can now purportedly be done by algorithms.

On the one hand, AI could help broaden the range of audio descriptions available for a range of media and live experiences.

But AI audio description may also cost jobs rather than create them. The worst outcome would be a huge amount of lower-quality audio description, which would undermine the value of creating it at all.

AI shouldn’t undermine the quality of assistive technologies, including audio description.
Ground Picture/Shutterstock

Can we trust AI to describe things well?

Industry impact and the technical details of how AI can be used in audio description are one thing.

What’s currently lacking is research that centres the perspectives of users and takes into consideration their experiences and needs for future audio description.

Accuracy – and trust in this accuracy – is vitally important for blind and low-vision audiences.

Cheap and often free, AI tools are now widely used to summarise, transcribe and translate. But it’s a well-known problem that generative AI struggles to stay factual. Known as “hallucinations”, these plausible fabrications proliferate even when the AI tools are not asked to create anything new – like doing a simple audio transcription.

If AI tools simply fabricate content rather than make existing material accessible, it would even further distance and disadvantage blind and low-vision consumers.

We can use AI for accessibility – with care

AI is a relatively new technology, and for it to be a true benefit in terms of accessibility, its accuracy and reliability need to be absolute. Blind and low-vision users need to be able to turn on AI tools with confidence.

In the current “AI rush” to make audio description cheaper, quicker and more available, it’s vital that the people who need it the most are closely involved in how the tech is deployed.

Kathryn Locke is employed as a researcher on the Australian Research Council’s discovery grant, “Diversifying audio description in the Australian digital landscape”.

Tama Leaver receives funding from the Australian Research Council. This work is supported by the discovery grant, “Diversifying audio description in the Australian digital landscape”. He is a chief investigator in the ARC Centre of Excellence for the Digital Child.

– ref. AI is now used for audio description. But it should be accurate and actually useful for people with low vision – https://theconversation.com/ai-is-now-used-for-audio-description-but-it-should-be-accurate-and-actually-useful-for-people-with-low-vision-256808

MIL OSI Analysis – EveningReport.nz –

May 21, 2025
MIL-OSI China: China’s private economy gets new boost as landmark law takes effect

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

China’s first fundamental law dedicated to promoting the private sector came into effect Tuesday, strengthening legal protections and injecting fresh momentum into a key driver of the world’s second-largest economy.

The Private Sector Promotion Law, passed in late April, aims to optimize the development environment for the sector, ensure fair market competition, and promote the growth of both the private economy and private entrepreneurs.

It clearly states that the private sector is “an important part of the socialist market economy,” and promoting its sustained, healthy and high-quality development is a significant and long-term policy.

This legislation marks a milestone in the development of the sector, which contributes more than 60 percent of China’s GDP.

“The law demonstrates the country’s long-term commitment to the private sector, and is expected to further unlock its innovation potential and reinforce the confidence of private entrepreneurs,” said Wen Bin, chief economist at China Minsheng Bank.

From ensuring fair market access and financing support to enhancing services and protection of original innovation, the 78-article law cements efforts to encourage, support and guide the growth of the private sector.

The private sector has become a prominent part of China’s economy thanks to a nurturing policy environment, which has led to it driving innovation, employment and overall economic growth.

Private firms make up more than 90 percent of the country’s total enterprises and more than 80 percent of urban employment. They have also become key players in China’s push for innovation-driven growth, contributing to more than 70 percent of the country’s technological innovation achievements.

Experts and business leaders view the law as “highly timely and absolutely essential.” It comes as China revs up efforts to bolster the private sector and the broader economy, as the country tries to navigate external shocks and domestic development challenges.

Private firms are facing mounting pressures, including international trade barriers, weak domestic demand and the pressing need for industrial transformation and upgrading, but opportunities coexist alongside these challenges, said Cheng Xiaobo, chairman of Lifang Group, a vision tech firm headquartered in Shanghai.

With the legal safeguards and a focus on core tech breakthroughs, and by capitalizing on China’s emerging new consumption scenarios, private firms are better positioned to turn the headwinds into tailwinds, Cheng added.

“The rule of law is the best business environment,” said Qi Xiangdong, chairman of cybersecurity firm Qi-Anxin and vice chairman of the All-China Federation of Industry and Commerce, noting that the law transforms policy support into legal guarantees.

The legislation follows a series of pro-business measures rolled out this year. In February, China held a high-level symposium on private enterprises, which was widely viewed as a strong signal to boost the confidence and growth of the private sector.

A month later, at the “two sessions,” the country reiterated support for private enterprises, vowing to take effective moves to stimulate the vitality of all market entities.

China is also beefing up financial support for the private sector, and working to level the playing field. Last month, a new version of the market access negative list was unveiled, specifying fields that are off-limits to both domestic and overseas business entities. The new negative list reduced the number of items on it from 117 to 106.

Executives of high-tech private firms particularly welcomed the law’s focus on tech innovation and enhanced protection for original innovation and intellectual property rights.

Han Dongcheng, chairman of Anhui Easpeed Technology Co., Ltd., a firm focusing on holographic imaging technology, said the law served not only as an incentive for tech firms like his, but also as a strong institutional safeguard, enabling firms to focus on research and development with greater confidence in defending their achievements.

Similarly, Tan Limin, chairman of Westwell, a Chinese tech firm that develops AI applications and autonomous driving solutions, highlighted the law’s broader significance. From ensuring a more level playing field, enabling fairer market competition, to encouraging innovation and enhancing intellectual property protection, “the law delivers concrete safeguards for private businesses and bolsters confidence for both their daily operation and long-term growth,” Tan said.

Backed by follow-up policies and stricter enforcement, the law will further improve the business environment, unleash private-sector vitality, and promote the forging of a new development paradigm, cementing its role as a legal cornerstone for high-quality development of the private economy, said Wen of China Minsheng Bank.

MIL OSI China News –

May 21, 2025
MIL-OSI: LeddarTech Provides Update on Financial Situation and Announces Workforce Reduction

Source: GlobeNewswire (MIL-OSI)

QUEBEC CITY, Canada, May 20, 2025 (GLOBE NEWSWIRE) — LeddarTech ^® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), today provided an update regarding its discussions with its lenders under the amended and restated financing offer dated as of April 5, 2023 with Fédération des caisses Desjardins du Québec (“Desjardins” and the financing offer, as amended, the “Desjardins Credit Facility”) and the bridge financing offer dated as of August 16, 2024 with the initial bridge lenders and certain members of management and the board of directors (collectively, the “Bridge Lenders”, and the financing offer, the “Bridge Facility”). While the Company continues to be in active discussions with Desjardins and its Bridge Lenders, it has not reached an agreement providing for additional financing for the Company or relief from the minimum cash, equity financing and process plan covenants contained in the Desjardins Credit Facility and Bridge Facility.

In an effort to preserve cash and afford the Company additional time to pursue discussions with its lenders, the Company also announced a reduction of its workforce through temporary layoffs of approximately 138 individuals, in all of its locations and across all departments within the organization, representing approximately 95% of the Company’s total workforce. Such measure will provide the Company with additional time to continue to actively evaluate potential alternatives relating to a restructuring of its obligations, a sale of the business or certain of its assets, strategic investments and/or any other alternatives, including seeking creditor protection under the Companies’ Credit Arrangement Act. There can be no assurance that the Company will be successful in pursuing and implementing any such alternatives, nor any assurance as to the outcome or timing of any such alternatives.

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 190 patent applications (112 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

Forward-Looking Statements

Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics, as well as expectations regarding the anticipated performance, adoption and commercialization of its products. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation, our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market, as well as: (i) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iv) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (v) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vi) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (vii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (viii) changes in general economic and/or industry-specific conditions; (ix) our ability to retain, attract and hire key personnel; (x) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xi) legislative, regulatory and economic developments; (xii) the outcome of any known and unknown litigation and regulatory proceedings; (xiii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
Tel.: + 1-514-427-0858, chris.stewart@leddartech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

The MIL Network –

May 21, 2025
MIL-OSI Banking: Samsung Art Store Brings Disney, Pixar, Star Wars and More to Screens in 4K

Source: Samsung

Samsung Electronics today announced the addition of new pieces from Disney’s iconic portfolio to the Samsung Art Store,1 offering TV users worldwide a stunning new way to enjoy beloved visuals from Disney, Pixar, Star Wars and National Geographic — all in crystal-clear 4K resolution.

“We’re thrilled to expand our collaboration with Disney to offer their most beloved artwork to our global community of Art Store users,” said Heeyeong Ahn, Vice President of the Visual Display Business at Samsung Electronics. “By offering a diverse range of artistic content that transcends genres and generations, we aim to enrich the everyday lives of our users with art.”

The new Disney Collection transforms living rooms into immersive digital galleries, featuring classic and contemporary works that celebrate storytelling, adventure and the beauty of our planet. From the heartwarming tales of Disney princesses from films like “The Little Mermaid,” “Snow White,” and “Tangled” to the legendary “Star Wars saga” and the breathtaking wildlife of “Planet Earth,” the collection also offers fans a chance to discover new favorites — all through the lens of stunning digital art.

Samsung Art Store, a global digital art subscription platform available on Samsung TVs, now offers over 3,500 curated artworks from more than 800 artists and 70 world-class galleries and museums. First launched in 2017 with The Frame, the Art Store experience is now available on 2025 Samsung AI-powered Neo QLED and QLED TVs,2 giving more viewers access to premium art in 4K resolution.

In addition to this latest Disney collaboration, users can easily enjoy masterpieces from world-renowned museums such as the Museum of Modern Art (MoMA), the Metropolitan Museum of Art and the Musée d’Orsay, as well as a variety of contemporary and modern artworks showcased at Art Basel, from the comfort of their homes. The service also includes curated selections handpicked by professional art experts on a monthly basis, enhancing the overall viewing experience.

For more information, visit www.samsung.com.

1 The Disney Collection is now available in selected countries across Asia, North America (including the United States and Canada), and Europe, where the Samsung Art Store is supported.
2 For models Q7F and above.

MIL OSI Global Banks –

May 21, 2025
MIL-OSI Submissions: Tech – INMA launches new Advertising Initiative aimed at demystifying opaque digital ecosystem

Source: International News Media Association (INMA)

NEW YORK (20 May 2025) – The INMA Board of Directors today approved an Advertising Initiative aimed at equipping media leaders with practical guidance on first-party data activation for advertising, premium ad products, revenue diversification strategies, measurement and attribution, AI, navigating brand safety, and evolved selling approaches.

Former New York Times advertising executive Gabriel Dorosz will lead the INMA Advertising Initiative. Dorosz is the former executive strategy director, advertising, and head of audience strategy & insights at The New York Times. He previously served in strategy roles at WPP, FCB, Cramer-Krasselt, Blast Radius, CTG/Morpheus Media, and more.

The Advertising Initiative will use practical research, case studies, and implementation guides to give CEOs and chief revenue officers the tools to build sustainable advertising revenue. Key deliverables for INMA members will include blogs, newsletters, Webinars, master classes, seminars, a Slack channel, reports, and Ask Me Anything sessions with members.

“We want to simplify and demystify what is often opaque or overly complex about the digital advertising ecosystem for media leaders,” said Earl J. Wilkinson, executive director and CEO of INMA. “We want to focus on realistic implementation rather than theory. We want to bridge the gap between the cutting-edge possibility and business realities.”

In a presentation to the INMA Board of Directors today, Dorosz recommended primary focus areas as:

First-party data activation for advertising revenue: Building actionable strategies to collect, unify, and monetise first-party data specifically for advertising use cases and revenue growth – for example, segmentation models and clean rooms.

Advertising format and product innovation: Developing high-performing advertising formats that deliver demonstrable results across channels such as video, audio, print-to-digital bridging, and cross-media packaging.

Sales and revenue diversification strategies: Creating balanced approaches that maximise direct deals while expanding beyond traditional display formats such as events, branded content, and programmatic.

Measurement and attribution excellence: Implementing frameworks that prove advertising impact and demonstrate ROI across platforms such as brand lift, incrementality, attention metrics, and cross-platform attribution.

Secondary focus areas include:

Talent and organisation design: Building the teams and structures needed to succeed in the evolving advertising landscape with focus on local market needs, talent attraction and development, and breaking silos.

Brand safety and news environment value: Transforming news content challenges into premium advertising advantages through differentiation of premium news environment and performance case studies.

AI-powered advertising operations: Deploying AI strategically across the advertising lifecycle – e.g. targeting, optimisation, dynamic pricing, and yield optimisation – to enhance efficiency, effectiveness, and revenue.

Ad industry insight and strategic partnerships: Understanding buyer perspectives, industry trends, insights and best practices (e.g., social, influencers, video), ad tech ecosystem dynamics, trade associations, and effective vendor relationships.

Board members emphasised the need to balance revenue models as well as legacy vs. digital models. Dorosz talked about the need to speak to different buyer motivations in different markets, whether quality- or scale-focused. He also discussed balancing direct and programmatic advertising, with programmatic providing efficiency at lower CPMs while direct sales requiring more innovation and resources but offering premium opportunities.

Board members suggested that the news industry could use an injection of creativity and ideas when it comes to advertising, with data and digital products crucial to success. Native advertising, events, and content commerce are also keys.

Another emerging theme from INMA Board members is the need to shift the news industry storyline from reach to engagement. For example, direct traffic is much more valuable than social and search. Measurement priorities should shift from performance to brand lift, incrementality, attention, and top-of-the-funnel metrics.

While legacy platforms such as print, television, and radio continue to deliver significant revenue to media companies, digital advertising and commerce is emerging as the future-proofing route for most. More than 75% of global advertising now goes to digital channels, Dorosz said.

The Advertising Initiative is INMA’s sixth active initiative focused on news media’s emerging business models: Readers First Initiative led by Greg Piechota; Digital Platform Initiative led by Robert Whitehead; Product & Tech Initiative led by Jodie Hopperton; Newsroom Transformation Initiative led by Amalie Nash; and Generative AI Initiative led by Sonali Verma.

About International News Media Association (INMA)

The International News Media Association (INMA) is a global community of market-leading news media companies reinventing how they engage audiences and grow revenue in a multiplatform environment. The INMA community consists of more than 22,000 members at 1,000+ news media companies in 90+ countries, representing tens of thousands of news brands. INMA is the news media industry’s foremost ideas-sharing network with members connected via conferences, reports, Webinars, virtual meetings, awards competitions, and an unparalleled archive of best practices. Its initiatives focus on reader revenue, advertising & commerce, product & tech, generative AI, newsroom transformation, and the publisher relationship with tech platforms.

MIL OSI – Submitted News –

May 21, 2025
MIL-Evening Report: NZ Budget 2025: science investment must increase as a proportion of GDP for NZ to innovate and compete

Source: The Conversation (Au and NZ) – By Nicola Gaston, Director of the MacDiarmid Institute for Advanced Materials and Nanotechnology, University of Auckland, Waipapa Taumata Rau

Shutterstock/Olivier Le Queinec

A lack of strategy and research funding – by both the current and previous governments – has been well documented, most comprehensively in the first report by the Science System Advisory Group (SSAG), released late last year.

If there is one word that sums up the current state of New Zealan’s research sector, it is scarcity. As the report summarises:

We have an underfunded system by any international comparison. This parsimony has led to harmful inter-institutional competition in a manner that is both wastefully expensive in terms of process and scarce researcher time, and is known to inhibit the most intellectually innovative ideas coming forward, and of course it is these that can drive a productive innovation economy.

The government expects research to contribute to economic growth, but policy and action undermine the sector’s capacity to do so.

The latest example is last week’s cancellation of the 2026 grant application round of the NZ$55 million Endeavour Fund “as we transition to the science, innovation and technology system of the future”. Interrupting New Zealand’s largest contestable source of science funding limits opportunities for researchers looking for support for new and emerging ideas.

Changes to the Marsden Fund, set up 30 years ago to support fundamental research, removed all funding for social science and the humanities and shifted focus to applied research. This is despite fundamental research in all fields underpinning innovation and the international ranking of our universities.

New Zealand has an opportunity to change its economy based on the potential of emerging sectors such as artificial intelligence, cleantech and quantum technologies. Other countries, including Australia and the United Kingdom, already consider quantum technologies a priority and fund them accordingly.

But when it comes to strategy, the composition of the boards of new Public Research Organisations, set up as part of the government’s science sector reform, are skewed towards business experience. Where there is scientific expertise, it tends to be in established industries. The governance of the proposed new entity to focus on emerging and advanced technologies is yet to be announced.

Critical mass requires funding and strategy

Scientists have been calling for a science investment target of 2% of GDP for a long time. It was once – roughly a decade ago – the average expenditure within the OECD; this has since increased to 2.7% of GDP, while New Zealand’s investment remains at 1.5%.

The SSAG report repeatedly refers to the lack of funding, and it would be the obvious thing to see addressed in this year’s budget. But expectations have already been lowered by the government’s insistence there will be no new money.

The report’s second high-level theme is the engagement of government with scientific strategy. Government announcements to date seem focused on attracting international investment through changes to tax settings and regulation. I would argue this is a matter of focusing on the wrapping rather than the present: the system itself needs to be attractive to investors.

Creating a thriving research sector is also a matter of scale. International cooperation is one way for New Zealand to access efficiencies of scale. And work on building international partnerships is one area of positive intent. But we need to look at our connectivity nationally as well, and use investment to build this further.

Countries with greater GDPs than New Zealand’s invest much more in research as a proportion of GDP. It means the size of these other countries’ scientific ecosystems – if measured by total expenditure – is three to four times New Zealand’s on a per capita basis.

A matter of scale

Per-capita scale matters because it tells us how easy it is for researchers to find someone else with the right skillset or necessary equipment. It tells us how likely it is for a student to find an expert in New Zealand to teach them, rather than needing to go overseas.

And it tells us how quickly start-up companies in emerging technologies will be able to find the skilled employees they need. A thriving university system that attracts young people to develop the research skills needed by advanced technology companies is a key part of this challenge.

The government’s science sector reform aims to increase its contribution to economic growth. But research contributes to economic growth when scientists can really “lean in” with confidence to commercialising and translating their science.

That can’t happen if budgets don’t fund the critical mass, connectivity and resources to stimulate the transition to a thriving science system.

Nicola Gaston receives funding from the Tertiary Education Commission as the Director of the MacDiarmid Institute for Advanced Materials and Nanotechnology. She also receives funding from the Marsden Fund. All research funding goes to the University of Auckland to pay the costs of the research she is employed to do.

– ref. NZ Budget 2025: science investment must increase as a proportion of GDP for NZ to innovate and compete – https://theconversation.com/nz-budget-2025-science-investment-must-increase-as-a-proportion-of-gdp-for-nz-to-innovate-and-compete-255591

MIL OSI Analysis – EveningReport.nz –

May 21, 2025
MIL-OSI USA: SPC Tornado Watch 308

Source: US National Oceanic and Atmospheric Administration

Note: The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
SEL8

URGENT – IMMEDIATE BROADCAST REQUESTED
Tornado Watch Number 308
NWS Storm Prediction Center Norman OK
725 PM EDT Tue May 20 2025

The NWS Storm Prediction Center has issued a

* Tornado Watch for portions of
Northern Georgia
Eastern Kentucky
Far Southwest North Carolina
Eastern Tennessee
Far Southwest Virginia

* Effective this Tuesday night and Wednesday morning from 725 PM
until 200 AM EDT.

* Primary threats include…
A few tornadoes likely with a couple intense tornadoes possible
Scattered damaging wind gusts to 70 mph likely
Scattered large hail and isolated very large hail events to 2.5
inches in diameter possible

SUMMARY…A mix of supercell thunderstorms and clusters will spread
generally eastward this evening into the early overnight hours. A
few tornadoes may occur with this activity, and a strong tornado and
isolated very large hail will also be possible with any sustained
supercell. Otherwise, an increasing threat for scattered to numerous
damaging winds appears likely as thunderstorms attempt to organize
into a line later this evening. Peak gusts may reach up to 60-70
mph.

The tornado watch area is approximately along and 50 statute miles
east and west of a line from 35 miles north northeast of London KY
to 20 miles southeast of Rome GA. For a complete depiction of the
watch see the associated watch outline update (WOUS64 KWNS WOU8).

PRECAUTIONARY/PREPAREDNESS ACTIONS…

REMEMBER…A Tornado Watch means conditions are favorable for
tornadoes and severe thunderstorms in and close to the watch
area. Persons in these areas should be on the lookout for
threatening weather conditions and listen for later statements
and possible warnings.

&&

OTHER WATCH INFORMATION…CONTINUE…WW 303…WW 304…WW
305…WW 306…WW 307…

AVIATION…Tornadoes and a few severe thunderstorms with hail
surface and aloft to 2.5 inches. Extreme turbulence and surface wind
gusts to 60 knots. A few cumulonimbi with maximum tops to 550. Mean
storm motion vector 26030.

…Gleason

SEL8

URGENT – IMMEDIATE BROADCAST REQUESTED
Tornado Watch Number 308
NWS Storm Prediction Center Norman OK
725 PM EDT Tue May 20 2025

The NWS Storm Prediction Center has issued a

* Tornado Watch for portions of
Northern Georgia
Eastern Kentucky
Far Southwest North Carolina
Eastern Tennessee
Far Southwest Virginia

* Effective this Tuesday night and Wednesday morning from 725 PM
until 200 AM EDT.

* Primary threats include…
A few tornadoes likely with a couple intense tornadoes possible
Scattered damaging wind gusts to 70 mph likely
Scattered large hail and isolated very large hail events to 2.5
inches in diameter possible

SUMMARY…A mix of supercell thunderstorms and clusters will spread
generally eastward this evening into the early overnight hours. A
few tornadoes may occur with this activity, and a strong tornado and
isolated very large hail will also be possible with any sustained
supercell. Otherwise, an increasing threat for scattered to numerous
damaging winds appears likely as thunderstorms attempt to organize
into a line later this evening. Peak gusts may reach up to 60-70
mph.

The tornado watch area is approximately along and 50 statute miles
east and west of a line from 35 miles north northeast of London KY
to 20 miles southeast of Rome GA. For a complete depiction of the
watch see the associated watch outline update (WOUS64 KWNS WOU8).

PRECAUTIONARY/PREPAREDNESS ACTIONS…

REMEMBER…A Tornado Watch means conditions are favorable for
tornadoes and severe thunderstorms in and close to the watch
area. Persons in these areas should be on the lookout for
threatening weather conditions and listen for later statements
and possible warnings.

&&

OTHER WATCH INFORMATION…CONTINUE…WW 303…WW 304…WW
305…WW 306…WW 307…

AVIATION…Tornadoes and a few severe thunderstorms with hail
surface and aloft to 2.5 inches. Extreme turbulence and surface wind
gusts to 60 knots. A few cumulonimbi with maximum tops to 550. Mean
storm motion vector 26030.

…Gleason

Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
SAW8
WW 308 TORNADO GA KY NC TN VA 202325Z – 210600Z
AXIS..50 STATUTE MILES EAST AND WEST OF LINE..
35NNE LOZ/LONDON KY/ – 20SE RMG/ROME GA/
..AVIATION COORDS.. 45NM E/W /34NNE LOZ – 39NW ATL/
HAIL SURFACE AND ALOFT..2.5 INCHES. WIND GUSTS..60 KNOTS.
MAX TOPS TO 550. MEAN STORM MOTION VECTOR 26030.

LAT…LON 37548292 34148405 34148580 37548475

THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
FOR WOU8.

Watch 308 Status Report Message has not been issued yet.

Note: Click for Complete Product Text.Tornadoes

Probability of 2 or more tornadoes

Mod (60%)

Probability of 1 or more strong (EF2-EF5) tornadoes

Mod (40%)

Wind

Probability of 10 or more severe wind events

High (70%)

Probability of 1 or more wind events > 65 knots

Low (20%)

Hail

Probability of 10 or more severe hail events

Mod (40%)

Probability of 1 or more hailstones > 2 inches

Mod (40%)

Combined Severe Hail/Wind

Probability of 6 or more combined severe hail/wind events

High (80%)

For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

MIL OSI USA News –

May 21, 2025
MIL-OSI Australia: New research warns AI alone won’t fix bias in workplace recruitment
Source:
21 May 2025

Artificial intelligence (AI) is increasingly being used in human resources (HR) to streamline processes and enhance decision-making by helping employers efficiently sift through large volumes of job applications.

However, relying on AI tools alone to screen candidates isn’t enough to improve diversity outcomes in workplaces, according to new research by the University of South Australia.

Human resource management expert Associate Professor Connie Zheng, co-director of UniSA’s Centre for Workplace Excellence, has conducted research into how AI can affect hiring decisions when it comes to improving diversity and inclusion by reaching gender quotas, having racially diverse teams and recruiting LGBTIQA+ employees or people with disabilities.

AI tools are being used by some HR professionals to assist in the recruitment process by screening job candidates, responding to applicant emails, or focusing on specialised tasks such as CV screening, job matching or voice and video analysis.

Assoc Prof Zheng says two separate studies into the use of AI to enhance diversity and inclusion in hiring decisions looked beyond whether humans or AI make better choices.

“We explored what conditions help AI tools to actually support more diverse hiring as we found that simply having a reliable AI tool isn’t enough to improve diversity in workplace recruitment,” she says.

“Diversity only improves when the AI system can explain its decisions in terms of diversity, when hiring focuses on qualitative goals and not just numbers, and when an organisation has clear diversity guidelines.

“These factors encourage HR professionals and decision-makers to reflect more carefully on their choices. In short, AI can help improve diversity in hiring, but only when used under the right conditions and organisational support for the application of new technology, as well as clear diversity, equity and inclusion guidelines.”

Despite the growing popularity of AI in many fields including education, health care, manufacturing and finance, many HR professionals are hesitant to adopt the tools.

Assoc Prof Zheng says some companies have several concerns and are reluctant to invest in AI for hiring decisions because they’re apprehensive about the limitations of the technology, particularly in terms of biased data.

She says many also feel their existing HR teams are competent enough to manage recruitment without AI, despite these concerns shifting if HR departments face staffing reductions, increased workloads or heightened demands for efficiency.

“Despite these reservations, many organisations view AI as a way to significantly save costs by streamlining manual processes. Some companies have the mindset that using AI in HR is efficiency driven – it will make them work faster. The main goal of using AI is to expedite the process, particularly when dealing with large volumes of job applications,” Assoc Prof Zheng says.

“With AI, a hirer can use the technology to filter appropriate applicants rather than sifting through hundreds of CVs and job applications manually. The problem when the main goal is efficiency is that diversity issues often then take a backseat.”

Whether the use of AI tools in recruiting helps reduce discrimination or instead intensifies the problem remains a subject of controversial debate. Assoc Prof Zheng’s ongoing collaborative research with HUMAINE – Human Centred AI Network led by Professor Uta Wilkens at Ruhr University Bochum, Germany – has revealed that simply providing a reliable, AI support tool that is considerate of diversity needs doesn’t automatically lead to diversity enhancement.

“Unless the organisation and its hirers are conscious about diversity and justice issues, using AI for talent acquisition isn’t going to lead to more diverse and inclusive outcomes,” Assoc Prof Zheng says.

To access the research papers:
- Wilkens, U., Lutzeyer, I., Zheng, C., Beser, A., & Prilla, M. (2025). Augmenting diversity in hiring decisions with artificial intelligence tools. The International Journal of Human Resource Management, 1–38. https://doi.org/10.1080/09585192.2025.2492867
- Zheng, C., Wilkens, U. (2025). Antecedents of Enhancing Diversity and Inclusion with AI Tools—An HR Perspective. In: Moussa, M., McMurray, A. (eds) The Palgrave Handbook of Breakthrough Technologies in Contemporary Organisations. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-96-2516-1_12
…………………………………………………………………………………………………………………………

Contact for interview: Connie Zheng, Associate Professor in Human Resource Management, Co-Director, Centre for Workplace Excellence, UniSA, E: Connie.Zheng@unisa.edu.au
Media contact: Melissa Keogh, Communications Officer, UniSA M: +61 403 659 154 E: melissa.keogh@unisa.edu.au
Other articles you may be interested in

MIL OSI News –
May 21, 2025
MIL-OSI USA: Rep. Cuellar Celebrates Signing of Bipartisan TAKE IT DOWN Act into Law

Source: United States House of Representatives – Congressman Henry Cuellar (TX-28)

Washington, D.C. – In a major milestone for online safety and the protection of minors, Congressman Henry Cuellar, Ph.D. (TX-28), today celebrated the signing of the bipartisan TAKE IT DOWN Act, landmark legislation to crack down on non-consensual and sexually exploitative imagery, including dangerous AI-generated deepfakes.

“Let me be clear: no child, from Texas or anywhere in the world, should fall victim to AI-generated abuse,” said Dr. Cuellar. “Thanks to this law, families and individuals will finally have a way to demand action and accountability online. I’m proud to have worked with Senator Cruz, who co-led the bill in the Senate, and Congresswoman Salazar, who co-led it in the House, and I thank the president for swiftly signing it into law.”

The new law strengthens enforcement tools for law enforcement, speeds up the removal of abusive content, and protects lawful speech. For victims of AI-generated abuse, this law is more than legislation. It’s long-overdue justice and an important step forward in addressing the fast-evolving risks posed by artificial intelligence and online exploitation.

The TAKE IT DOWN Act passed both chambers with bipartisan support and was signed into law by President Trump on May 19, 2025.

MIL OSI USA News –

May 21, 2025

Category: Machine Learning

Question No. 10—Housing

AI as people’s eyes

Is AI coming for audio description jobs?

Can we trust AI to describe things well?

We can use AI for accessibility – with care

AI as people’s eyes

Is AI coming for audio description jobs?

Can we trust AI to describe things well?

We can use AI for accessibility – with care

Critical mass requires funding and strategy

A matter of scale

Other articles you may be interested in