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Category: Machine Learning

  • MIL-OSI: XploraDEX $XPL Could Be the Most Profitable Launch on XRP Ledger—Join $XPL PreSale and Become an Early Whale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, Switzerland, March 22, 2025 (GLOBE NEWSWIRE) — The XRP Ledger is buzzing and top traders and analysts are already calling it: XploraDEX’s $XPL token might be the most profitable launch XRPL has ever seen. As the first AI-powered decentralized exchange on XRPL, XploraDEX is bringing next-gen trading automation to one of the most efficient blockchains in the game.

    With the $XPL Presale live and gaining momentum, early adopters are rushing in to secure their allocation before the price skyrockets. The fusion of AI technology and lightning-fast XRPL infrastructure has created a perfect storm and those who move early stand to benefit the most.

    GET $XPL TOKENS NOW

    Why the Smartest Traders Are Backing XploraDEX

    In a market flooded with hype, top-tier traders are backing XploraDEX not because of marketing gimmicksbut because of its real utility and future-proof design.

    Here is What The Smart Investors See:

    AI-Driven Trade Execution – Precision trades with no emotion, powered by real-time machine learning.

    Predictive Analytics – Get ahead of the market with AI insights that spot profitable trends before they unfold.

    Built for XRPL – Ultra-fast settlement, micro-fees, and sustainable scalability.

    Arbitrage & HFT Opportunities – Execute advanced trading strategies previously only available to pros.

    XPL-Powered Ecosystem – Access to staking, fee discounts, governance, and exclusive AI tools.

    XploraDEX is not just another decentralized exchange, it’s a smarter, faster, AI-enhanced trading engine tailored for the XRP ecosystem.

    BUY $XPL TOKEN ON PRESALE

    $XPL: The Token at the Heart of the AI Trading Revolution

    The $XPL token is more than just fuel for XploraDEX—it’s the gateway to the most intelligent DeFi experience on XRPL. Holding $XPL gives you:

    • Access to Premium AI Trading Tools
    • Trading Fee Discounts for liquidity providers and active users
    • Staking & Passive Rewards from platform activity
    • Governance Power over platform upgrades, AI models, and strategic decisions

    With growing presale participation and buzz across the XRP community, $XPL is quickly becoming the most sought-after token on XRPL.

    Buy $XPL Tokens Now: https://sale.xploradex.io

    $XPL Presale is Heating Up – Time Is Running Out

    Early backers are already positioning themselves. As word spreads and demand rises, the window to grab $XPL Token at presale prices is closing fast.

    This is your opportunity to be early, not just on a token, but on a full-scale AI DeFi movement powered by XRPL.

    Join the presale today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/bb72ae54-4431-41e9-ac6f-f00ae2ccb597

    The MIL Network –

    March 23, 2025
  • MIL-OSI Asia-Pac: FS visits enterprises in Beijing

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan, on a trip to Beijing, today visited a cultural and creative enterprise, and a company focused on high-precision artificial intelligence products.

    Mr Chan toured a leading pop cultural entertainment company’s thematic park and met its senior management.

    The finance chief expressed his pleasure that the company, as a leading cultural and creative enterprise, has successfully used Hong Kong as a platform to enter both regional and global markets. He also welcomed the firm’s plans to establish more physical sales networks in Hong Kong and to diversify its services.

    He also encouraged the company to fully leverage Hong Kong’s advantages in funding, talent and professional services by establishing its international business headquarters and corporate treasury centre in Hong Kong, in order to support the company’s global business development.

    Afterwards, the Financial Secretary called on an enterprise focused on the research and development (R&D) of high-precision artificial intelligence products, where he viewed its latest high-end products and engaged in in-depth discussions with senior executives and the R&D team.

    The company is planning to establish its international business headquarters and global R&D centre in Hong Kong, and is preparing to list on the Hong Kong Stock Exchange. Mr Chan encouraged the company to bring its R&D teams and more technological solutions to Hong Kong, and utilise the city’s international capital, talent and professional services to further expand its business into other markets in the world.

    The Financial Secretary attended a dinner of the China Development Forum this evening and will speak at the forum’s thematic seminar tomorrow.

    MIL OSI Asia Pacific News –

    March 23, 2025
  • MIL-OSI United Kingdom: Plans to boost skills and diversity in UK cyber backed by tech giant IBM

    Source: United Kingdom – Executive Government & Departments

    Press release

    Plans to boost skills and diversity in UK cyber backed by tech giant IBM

    Technology giant IBM have backed plans to diversify the UK’s cyber sector and encourage young people into cyber careers.

    IBM to host 2025 CyberFirst Girls Competition Platform.

    • Global tech giant IBM to provide platform for flagship cyber skills programme for girls – boosting diversity in the booming £13 billion cyber sector as more young people explore careers in cyber
    • girls between 12-13 to be supported in developing new computing and cyber skills
    • partnership comes as best and brightest cyber minds gear up to represent UK Cyber Team in a series of international challenges

    Technology giant IBM have backed plans to diversify the UK’s cyber sector and encourage young people into cyber careers, as the government safeguards online services which deliver economic growth – central to the Plan for Change. 

    In new support being announced today (Saturday 22 March), IBM have agreed to partner with the Department for Science, Innovation, and Technology (DSIT), and the National Cyber Security Centre (NCSC), to provide the online platform for the CyberFirst Girls competition – a UK-wide programme open to girls between the ages of 12 and 13. 

    The CyberFirst Girls Competition, currently run by the NCSC, is the UK’s flagship cyber security programme for schools, with more than 85,000 students across the country having taken part since its launch in 2017. It puts students through a series of cyber challenges from cryptography and networking to artificial intelligence, building up their skills and encouraging them to consider future careers in the field. To support the next generation of cyber talent, IBM will provide the platform for the 2025 edition of the competition. 

    Improving the diversity of the UK’s cyber sector is a key priority for the government, with women currently accounting for just 17% of our cyber workforce. Though average salaries in the sector exceed £56,000 – with the top 20% of earners receiving salaries between £73,000 and £350,000 – almost half of UK businesses (44%) also report having cyber security skills gaps, meaning it’s more pressing than ever to ensure the next generation of cyber security leaders are joining the ranks. 

    Minister for Cyber Security Feryal Clark said: 

    If we’re going to keep the UK safe from the threats we face online, then we need to build a diverse workforce which is reflective of every community in the country.

    By partnering with IBM to deliver the next edition of the CyberFirst Girls Competition, we’re driving forward our plans to do exactly that – building up the skills of young girls across the country and nurturing the next generation of UK cyber leaders.

    The girls who will benefit from this support could even go on to represent the UK Cyber Team – the cream of the crop of British cyber talent who will fly the flag for us across the world – and I’ll be proudly cheering the team on today as they head to Dublin for their first international competition.

    Chris Ensor, NCSC Deputy Director for Cyber Growth, said:

    Over the past decade, the CyberFirst Girls Competition has offered tens of thousands of young women a fun opportunity to test their cyber skills against real-world cyber problems.

    I’m delighted that a new partnership across government and the private sector will be taking forward the delivery of this vital initiative which is inspiring the next generation of cyber security professionals.

    We need a cyber industry which reflects our diverse society and encourages the most talented individuals to keep our digital lives secure.

    Today’s partnership comes as some of the country’s best and brightest cyber minds prepare to represent the UK Cyber Team in their first international competition – putting their skills to the test against Ireland, Germany, and Denmark. 

    The UK Cyber Team programme is an e-sports style cyber security competition launched in collaboration with SANS, which looks to identify the next generation of cyber talent. Competitors have gone through a rigorous set of challenges to showcase their skills, with 30 18-25 year olds from across the country qualifying to represent the UK Cyber Team. 

    These competitors are drawn from across the country, representing their home communities across London, the South Wast, Wales, Scotland, the North of England, West Midlands, and the South West.  With 37% of the team being female, 57% being male, and 3% identifying as non-binary, the UK Cyber Team is a true representation of communities and backgrounds up and down the country. 

     Mark Hughes, IBM Global Managing Partner for Cyber Security, said:

    IBM is delighted to build upon our partnership with the National Cyber Security Centre by supporting the CyberFirst Girls competition with DSIT. Our commitment to fostering diversity in cybersecurity remains unwavering, as highlighted in our ‘Diversity & Inclusion in Cybersecurity’ initiative.

    This new collaboration is a significant step towards nurturing the next generation of cyber leaders, ensuring a more inclusive and robust industry. We are confident that this partnership will make a substantial impact in encouraging more young girls to pursue rewarding careers in cybersecurity.

    The move to boost cyber skills is part of the government’s wider work to grow the economy and develop the successful UK cyber security sector, which is now worth £13.2 billion, up 12% on the previous year.

    Notes to editors

    1. The 2024 Cyber security skills in the UK labour market report shows strong demand for cyber skills in the UK, with 44% of businesses reporting a skills gap. Salary data is also sourced from this report
       2. The 2025 Cyber Security Sectoral Analysis shows the UK cyber security sector generated revenue of £13.2 billion, up 12% since last year. 2,165 companies employ 67,300 people (full time equivalents), up 11% since last year, an increase of around 6,600 jobs
    3. The total gross value added (GVA) for the sector has reached c. £7.8 billion, an increase of 21% since last year
    4. The 2025/2026 CyberFirst Girls Competition will be run as a partnership between DSIT, NCSC and IBM.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

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    Published 22 March 2025

    MIL OSI United Kingdom –

    March 23, 2025
  • MIL-OSI Africa: Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa

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

    CAIRO, Egypt, March 22, 2025/APO Group/ —

    Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) invites African publishers of trade books to apply for the second edition of the CANEX Book Factory Prize for Publishing in Africa.

    The initiative, developed in partnership with Narrative Landscape Press Limited, underscores the commitment of Afreximbank through the CANEX Book Factory to showcasing of the literary and publishing value chain in Africa, and developing literary talent across the continent and its diaspora. The inaugural edition saw Cassava Republic Press, win the Prize in 2024 for the “Female Fear Factory: Unveiling Patriarchy’s Culture of Violence,” by Pumla Dineo Gqola.

    The CANEX Book Factory Prize for Publishing in Africa is designed to celebrate and recognise the outstanding contributions of African publishers and authors to the literary world. The total prize fund is $28,000, with $20,000 awarded to the winner and $2,000 distributed to each of the four finalists. The prize is open to trade books published by Africa-domiciled publishers in the year preceding the prize, in one or more of the official languages of the African Union: Arabic, English, French, Portuguese, Spanish, Swahili, and any other African language.

    Submissions will be judged on the quality of writing, editing and production. Priority will be given to books printed and produced on the African continent, as well as to books published in indigenous African languages. Interested publishers should visit https://apo-opa.co/4hsvFVy to register, with entries open from 17 March – 30 April 2025.

    The CANEX Book Factory is an annual programme of events under Afreximbank’s Creative Africa Nexus initiative. This year’s programme will culminate in an awards ceremony at the fourth edition of the Intra-African Trade Fair (IATF) (https://apo-opa.co/4hwpf7R), Africa’s premier trade and investment event, taking place in Algiers, Algeria from 4 – 10 September 2025.

    During the week-long fair, more than 2,000 exhibitors, including businesses from the African continent and globally, will be showcasing their goods and services to the visitors and buyers while exploring opportunities and exchanging information. This is projected to translate into over US$44 billion in trade and investment deals.

    Mrs. Kanayo Awani, Executive Vice President, Intra African Trade and Export Development, Afreximbank, said, “We are delighted to announce the 2025 CANEX Book Factory Prize for Publishing in Africa. Building on last year’s successful edition, this landmark initiative celebrates African publishing excellence. Through the CANEX Book Factory, we aim to put a spotlight on the enormous contribution of African authors and publishers to Africa’s cultural identity and economy.”

    Dr Eghosa Imasuen, co-founder of Narrative Landscape Press Limited and Programme Manager for the CANEX Book Factory, said, “The first edition of the Prize greatly underscored the necessity of this intervention in the publishing value chain in Africa. We are grateful to Afreximbank and CANEX for their ongoing support of African publishing. We are excited to launch this second edition, and we hope to see submissions from more publishers across the continent than in the inaugural edition.”

    MIL OSI Africa –

    March 23, 2025
  • MIL-OSI: XRP Insiders Are Buying XploraDEX $XPL Token—The First AI-Powered DEX on XRP, You Can’t Afford To Miss The PreSale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 22, 2025 (GLOBE NEWSWIRE) — The XRP ecosystem is experiencing a seismic shift as the launch of XploraDEX, the first AI-powered decentralized exchange on XRPL, fuels a massive wave of whale accumulation. With the $XPL Token Presale in full swing, demand is exploding and insiders are calling it one of the most promising DeFi launches of the year.

    What’s driving the surge? AI-powered trading. Lightning-fast execution. Real-time market intelligence. And the potential for 100x returns that only come around once in a crypto cycle.

    [GET $XPL TOKENS NOW]

    The Rise of AI Trading and Why XPL Is the Opportunity of a Lifetime

    The crypto space is evolving, and AI is leading the next wave of innovation. Traditional DeFi protocols are struggling to keep up with the volatility and complexity of today’s markets. XploraDEX solves that with a trading platform that thinks for you literally.

    Here’s why XPL is capturing serious attention

    AI-Powered Execution – Trades are executed based on real-time machine learning insights, not human emotions.

    Predictive Market Analytics – AI forecasts price trends before they happen, giving traders the edge.

    HFT & Arbitrage Bots – Capture micro-profit opportunities across XRPL with lightning-fast AI automation.

    Whale-Grade Liquidity Optimization – AI ensures efficient trade routing with minimal slippage.

    Decentralized. Permissionless. Lightning Fast. All built natively on XRP Ledger.

    BUY $XPL TOKENS ON PRESALE

    Why Whales Are Loading Up on $XPL

    Crypto whales are not known for emotional decisions. They follow volume, data, and emerging infrastructure, and right now, they’re betting big on $XPL.

    Here’s what they see:

    -Ground-floor access to AI trading tools before mass adoption

    -Deflationary tokenomics that reward early participants

    -Governance rights over future AI model updates and platform features

    -First-mover advantage on XRPL’s most innovative trading protocol

    They’re not just investing, they’re positioning. Because when the rest of the market catches on, $XPL Token could already be up 10x.

    The $XPL Presale Is Heating Up – Don’t Miss Your Entry

    The $XPL Token Presale is your only chance to buy in before the official DEX launch and market listing. Once it’s over, the price discovery phase begins—and history shows that’s when tokens explode.

    Key Presale Highlights:

    • Limited supply available to early participants
    • Staking rewards and trading fee discounts for holders
    • Access to exclusive AI dashboards and trading tools
    • Governance participation for shaping XploraDEX’s future

    Supplies are shrinking. Demand is surging. And the whales are already in.

    Buy $XPL Tokens Now: https://sale.xploradex.io

    Don’t Watch from the Sidelines, Get Your $XPL Tokens Before It’s Too Late

    Whether you’re an XRP OG, a DeFi enthusiast, or an AI tech believer, this is your moment. XploraDEX is the first of its kind on XRPL, and $XPL is your early pass to the AI-powered trading revolution.

    Join the presale today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/82382bbd-2192-4404-bffe-1500d4232d49

    The MIL Network –

    March 22, 2025
  • MIL-OSI Economics: World Tuberculosis Day 2025: Funding cuts threaten global TB control efforts, says GlobalData

    Source: GlobalData

    World Tuberculosis Day 2025: Funding cuts threaten global TB control efforts, says GlobalData

    Posted in Pharma

    World Tuberculosis (TB) Day is marked annually on 24 March, the anniversary of the discovery of the causative mycobacterium by Dr Robert Koch. This year’s theme – “Yes! We Can End TB: Commit, Invest, Deliver” – serves as an important reminder of the need for continued investment and funding in order to end the TB epidemic.* This follows the recent funding cuts to TB programs, particularly from the US, that raise serious concerns about the future of TB control and treatment efforts, says GlobalData, a leading data and analytics company.

    TB is responsible for more deaths worldwide than any other infectious disease, claiming approximately 1.25 million lives in 2023 alone according to the World Health Organization. The US Agency for International Development (USAID) has historically been the largest bilateral donor to TB programs, contributing approximately $250 million annually. This funding has been instrumental in supporting the essential TB services, particularly in high-burden countries. However, sharp reductions in aid have disrupted TB programs worldwide, with Africa and South-East Asia among the hardest-hit regions.

    Abigail Harris, Infectious Disease Analyst at GlobalData, comments: “Funding cuts of this magnitude will directly impact access to TB diagnosis, treatment, and prevention, leaving millions vulnerable to disease progression and death. Without urgent intervention, we risk undoing decades of progress in TB elimination.”

    A major concern arising from these funding cuts is the potential for increased drug-resistant TB (DR-TB) cases. Inconsistent treatment due to financial constraints can lead to incomplete therapy, allowing the TB bacterium to develop resistance to standard drugs. DR-TB is significantly more challenging and expensive to treat.

    Harris continues: “If we allow funding gaps to persist, we risk facing an even deadlier TB crisis, where highly resistant strains, which require more prolonged and costly treatment, become more prevalent. The global health community must act swiftly to ensure continued access to treatment and accelerate research into new, effective therapies.”

    The World Health Organization (WHO) has urged immediate action to close the TB funding gap and meet global TB targets, including expanding diagnostic access, improving treatment regimens, and advancing vaccine development.

    GlobalData’s pipeline products database reveals a promising TB pipeline with 15 prophylactic vaccines in clinical development. However, continued R&D investment is essential for the most promising candidates to reach the market.

    Harris concludes: “Governments, international donors, and private-sector partners must recognize TB as the global health emergency that it is. Without sustained investment, the disease will claim more lives and pose an increasing threat to global health security.”

    *The United Nations High-level Meeting (UNHLM) on the Fight Against Tuberculosis was held in September 2023, where member states adopted a historic political declaration on TB. This contained the most ambitious targets to date in the fight against this disease and would put the world on track to ending TB by 2030 if countries follow through on their commitments.

    MIL OSI Economics –

    March 22, 2025
  • MIL-OSI Australia: Connected Beginnings site launch – Wunan Child and Parent Centre Kununurra, Western Australia

    Source: Murray Darling Basin Authority

    Can I start by acknowledging the Miriuwung Gajerrong people, the Traditional Owners of the lands on which we meet. Thank you very much, Auntie, for the beautiful welcome to country and the ceremony. I pay my respects to elders past and present and celebrate the diversity of our First Nations people, their ongoing culture and traditions, their education practices and their connections to land, water and sky.

    I also acknowledge all Aboriginal and Torres Strait Islander people who are part of the amazing Connected Beginnings program, which I’ll talk a little bit about today as well.

    The knowledge and wisdom that communities bring to Connected Beginnings is what drives the  success to where we are today. Thank you to the Binarri Binyja Yarrawoo Aboriginal Corporation for having us today, it’s super duper exciting to have you joining the Connected Beginnings family.

    And I really do want to make special mention of my very, very dear friend and very dear colleague, the amazing Minister for Indigenous Australians, Senator Malarndirri McCarthy, who was able to make it here with us today. Thanks so much for being here.

    I also want to acknowledge Agnes Armstrong, local Miriuwung elder who is joining us today, providing wisdom and strength to this community, and here today we also have Vanessa [indistinct] from SNAICC, and without the wonderful SNAICC and the wonderful experts like Vanessa, the Connected Beginnings program just wouldn’t be possible, so thanks for everything that you and SNAICC do.

    Also joined by representatives from Ord Valley Aboriginal Health Service who have signed on as the health partner for Connected Beginnings here in Kununurra, and I want to extend my respect to all Aboriginal and Torres Strait Islander people with us here today.

    What a beautiful site this is, what a beautiful gathering we have this morning to celebrate the opening of the very last 50th Connected Beginnings site right across Australia.

    As a very proud Western Australian, albeit from Perth, it took me seven hours of travelling to get up here – I was determined to make it – it’s so great to be here with you today to make this huge and important announcement.

    We’ve reached our target. We had a target of 50 Connected Beginnings sites right across Australia, and today marks the day, with this site opening, that we’ve reached that target, and can I say, six months before the deadline. Six months before the deadline, and have delivered not just all of them, but on time ahead of schedule as well.

    Now, for those of you who don’t know, this program, the Connected Beginnings program is really quite phenomenal, it really to me harkens back to traditional ways of doing things, traditional ways of raising children. I come from a part of world where the community raises the child. If you can’t breastfeed, you’ve got a wet nurse, your sister can breastfeed, or your sister in law can breast feed, it takes a village to raise a child, everyone goes in and raises that child. That’s how you get children who thrive, when you bring together the expertise, the parenting, health, early childhood education, language, in place and in country and on country. That’s how you get young people and children to thrive.

    As you know, Connected Beginnings is helping to close not just the gap but the gaping chasm in outcomes for our First Nations children by ensuring that health, that education and family support services work together to help children and their families have that successful transition to school, and I don’t have to tell any of you just how important those first five years of a child’s life are.

    By the time a child reaches school, 90 per cent of their brain has already developed, 90 per cent has already developed, which means that if we get those first five years right, before they get to school, we have the opportunity in our hand to change the trajectory of a child’s life, to make a huge difference and a huge impact, not just now, not just for those first five years, but well into school, into adolescence, and into adulthood as well.

    That’s how significant this program is, that’s how significant those first five years are, and that is exactly why we need as a government, working with the community, to ensure that we do everything that we can to give the very best possible start in life for our children in communities here.

    We know that when children are strong in culture and go to early childhood education and care, they have better outcomes, having that connection to their identity, to their culture, to their land, [indistinct], and place. They have better outcomes at school, they have better outcomes through adolescence and throughout adulthood.

    So when we bring together quality early learning with the strong identity grounded in culture and health support it creates a bright future for these children.

    You cannot separate health outcomes from educational outcomes, and you cannot separate educational outcomes on having a strong identity and a strong connection to community, to land, to culture.

    We’re creating this future for our youngest Australians by empowering communities to design and deliver a program in a way that supports the individual needs, and that’s the trick there, that’s the key part of it; is empowering the communities to do that. Local knowledge, local intel, years and years of traditional knowledge passed on from generation to generation to generation.

    That’s why Connected Beginnings is achieving results, because it’s about connecting communities in the beginning years of a child’s life, prioritising local knowledge and culture, ensuring that communities determine, design and implement solutions to support their own children.

    We’ve been delivering this in partnership with SNAICC, the National Voice for Aboriginal and Torres Strait Islander Children, and the National Aboriginal Community Controlled Health Organisation, the Connected Beginnings program exemplifies all the great things that can happen, the real outcomes that you can achieve, when you actually give community the lead, not just involve them, but give them the lead, and follow them, not get them to follow you; would be the other way around.

    Now when I – last year I visited one of the new Connected Beginnings sides in Geraldton, and afterwards I was doing a media interview, and the journalist said to me, she said, “Oh, this is a new way, a new way of doing things, isn’t it?” And I said to her, “New? No, it’s thousands and thousands of years old in how you raise children”.

    This is the traditional way in how you raise children. You bring together everyone to wrap around a child, to watch that child grow and thrive. Everyone has a part in that child’s life. This is not new, this is old ways, and this is the ways that have been used and proven for generation upon generation upon generation, and when we listen to communities and when they tell us about these ways and the ways of   and how these ways have fostered and cushioned and grown strong children and strong adults for generations, then we have that opportunity to do that for future generations as well.

    Let me tell you a little bit about the Connected Beginnings program. At the existing Connected Beginnings sites, that’s 49 of them, plus this one, number 50, the average attendance of First Nations children in centre based care has increased by more than 10 per cent. That’s the real difference it’s making.

    The existing sites have also seen an increase in the number of children on track in all five of our Australian early development census domains. So you’re getting more children attending and more children meeting the early development census domains; executive functioning, oral language, all of those things that we know is what creates successful learners in young children, as well as successful adolescents and adults.

    And this new site here in Kununurra is being developed in partnership with Binarri Binyja Yarrawoo, the Aboriginal Corporation. It will support – get this – 600, around 600 local First Nations children. That’s pretty huge. And as the 50th site, the Connected Beginnings program now with the opening of this site now has the potential to support up to 20 per cent of all First Nations children right across Australia in those vital years before school. That’s pretty amazing, pretty amazing the difference that we’ve seen it already make, and the difference that we’re going to see it continue to make as well.

    So a huge thank you from me to all of our partners who are here today and to all of our partners right across Australia who have been fundamental in making this happen, making this reality of opening our 50th site a success, a reality, and well ahead of schedule too, I’ve got to put that in again.

    I really look forward to seeing the outcomes of Connected Beginnings site here in Kununurra, watching the families and the young children thrive under this program, and I look forward to coming back here to beautiful Kununurra in who knows how many, maybe a month, maybe a year’s time, and seeing the difference that you are all going to be making here that builds on the difference you’re already making as a community here.

    Thank you to everyone involved, and congratulations on number 50. 

    MIL OSI News –

    March 22, 2025
  • MIL-OSI Australia: CIT launches checkout-free store

    Source: Northern Territory Police and Fire Services

    Amazon’s Just Walk Out technology uses AI to determine what shoppers take or return to shelves.

    CIT Bruce has launched a new campus convenience store, YalaPlus, enabled by Amazon’s Just Walk Out technology.

    The Canberra Institute of Technology (CIT) is the first education institution in the southern hemisphere to use the technology.

    Amazon’s Just Walk Out technology uses AI to determine what shoppers take or return to shelves.

    Computer vision and deep learning techniques simplify the shopping experience by removing checkout lines, helping students get in and out quickly.

    The technology uses synthetic datasets that mimic millions of realistic shopping scenarios to ensure accuracy in virtually any environment.

    Professional services company Cognizant helped provide the solution integration to ensure seamless payment options for students.

    At YalaPlus, students enter the store using their credit card or mobile wallet at the entry gate.

    Amazon’s Just Walk Out technology then detects what they take from or return to the shelves and creates a virtual shopping session.

    When students complete their shopping, they can leave the store without waiting in line, and their credit card is charged for the items they take.

    CIT Student Association chief executive officer Andrew Scotford said the innovative stores would create an improved and more flexible student experience.

    “Amazon’s Just Walk Out technology will benefit all students, especially those studying outside of regular business hours,” he said.

    “Many CIT students are balancing work, study and training, so flexibility and accessibility are important to them.

    “There are also 48 students who live on the CIT Bruce Campus that don’t have easy access to nearby shopping. YalaPlus now offers convenient access to products such as food, beverages and other essential items.”

    CIT interim chief executive officer Christine Robertson says the Institute, now in its 95th year, is entering an exciting era of progress.

    “CIT will open a new state-of-the-art, digitally connected Woden CIT campus in 2025, but innovation doesn’t wait. We’re committed to uplifting our existing facilities and experiences for students and staff,” she said.

    The Student Association also plans to open two more stores at CIT campuses, at Fyshwick and at Bruce, in early 2024.

    Melbourne’s Marvel Stadium is home to two other locations using this technology in Australia.


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    MIL OSI News –

    March 22, 2025
  • MIL-OSI USA: ICYMI | America’s Nuclear Renaissance: How the TVA Can Lead Our Energy Future

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    ‘President Trump and Secretary Wright must apply their best-in-class leadership to rescue TVA from itself…We won’t be satisfied by half-measures. Nor will President Trump. Nor will the American people. The time for bold action is now.’

    America’s Nuclear Renaissance: How the TVA Can Lead Our Energy Future
    By: Senators Hagerty and Blackburn
    March 20, 2025
    Link here.

    You may have heard of the Tennessee Valley Authority (TVA), our nation’s largest public utility and source of cheap, clean, and reliable electricity for 10 million people. You may even know that its Board of Directors is appointed by the President of the United States and confirmed by the United States Senate, making it directly accountable to the American people.

    But one thing you might not know: the TVA is facing a historic moment that could decide our nation’s energy security for decades to come.

    With the right courageous leadership, TVA could lead the way in our nation’s nuclear energy revival, empower us to dominate the 21st century’s global technology competition, and cement President Trump’s legacy as “America’s Nuclear President.”

    President Trump’s Energy Secretary, Chris Wright, has charted the course. “The long-awaited American nuclear renaissance must launch during President Trump’s administration,” he declared in a February order. “As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy.”

    Wright is right. The 21st century will be America’s next Golden Age only if we can supply the vast amounts of power required to run artificial intelligence, quantum computers, and advanced manufacturing. Nuclear energy is the only viable solution, but the industry has been stagnant for decades. We’ve lacked national ambition.

    Meanwhile, the Chinese Communist Party has been ramping up its nuclear industry, announcing plans last year to build 11 new nuclear reactors to power its economy. As we face this global competition, TVA could be to the nuclear race what NASA was to the space race.

    How? TVA holds the nation’s only early site permit for a next-generation small modular reactor, known as SMR. SMR is the new nuclear technology that has the best chance of being deployed in the United States within the next decade.

    The beauty of SMR technology is its simplicity. It’s just a smaller version of the nuclear technology that powers much of America today, with the benefit of being safer, more replicable, and more efficient. It’s not a science project, it’s a proven commodity.

    Yet, having the ticket to build the first made-in-America SMR won’t take TVA very far if the status quo of a hidebound bureaucracy gets in the way. As it stands now, TVA and its leadership can’t carry the weight of this moment.

    The presidentially appointed, Senate-confirmed, TVA Board of Directors lacks the talent, experience, and gravitas to meet a challenge that clearly requires visionary industrial leaders. The group looks more like a collection of political operatives than visionary industrial leaders.

    The current TVA board focused on the diversity of its executives ahead of job creation for hungry workers in the region it is supposed to serve. It has fallen victim to paralysis by analysis, encumbering TVA’s SMR project with studies and hurdles that will bog it down.

    Absent world-class vision, fiduciary competence, and the courage to effectively balance risks and rewards, TVA’s board has allowed the nation’s largest public utility’s role in leading America’s “Nuclear Renaissance” atrophy. And when TVA’s current CEO announced his retirement in February, the board quickly hired a tiny headhunter firm with an apparent aim to ensure TVA’s next CEO would be hired from within. While maintaining the status quo, an “inside job” forgoes the chance to recruit a top-quality leader from the outside.

    What’s required at this moment is clear. President Trump and Secretary Wright must apply their best-in-class leadership to rescue TVA from itself. An interim CEO trusted by the president must be appointed to clean up this mess and lay the groundwork for a new, long-term leader. United States senators who have an interest in the future of TVA—and all of them should—must demand strong, competent, visionary board leadership—a departure from its current culture of patronage. Once TVA’s leadership is on a steady course, the interim CEO must:

    • Immediately file an SMR construction application with the Nuclear Regulatory Commission.
    • Seek funding from the Department of Energy Generation III+ Small Modular Reactor Program.
    • Stop analysis paralysis from getting in the way of producing a first-in-class SMR.
    • Articulate a plan, and the resources necessary, for the nation’s largest public utility to command a lead in the provision of energy for the country’s technological innovations that will ensure American leadership throughout this century and beyond.

    If we, as a nation, fail to meet this moment, American leadership in artificial intelligence, quantum computing, advanced manufacturing, and the ability to win conventional wars will be put at risk. If we choose to lead, a Golden Age lies ahead.

    We won’t be satisfied by half-measures. Nor will President Trump. Nor will the American people. The time for bold action is now.

    MIL OSI USA News –

    March 22, 2025
  • MIL-OSI: LeddarTech Announces Receipt of Nasdaq Deficiency Notice

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, March 21, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC indicating that, based upon the closing bid price of the Company’s common shares for the 30 consecutive business day period from February 4, 2025 through March 18, 2025, the Company did not meet the minimum bid price of US$1.00 per share required for continued listing on the Nasdaq Capital Market (the “Listing Requirement”). The letter also indicated that the Company will be afforded a period of 180 calendar days to regain compliance.

    The Company intends to actively monitor the closing bid price of its common shares and will evaluate available options to regain compliance with the Listing Requirement. However, there can be no assurance that the Company will be able to regain compliance with such Listing Requirement or maintain compliance with any of the other Nasdaq Capital Market continued listing requirements.

    The letter has no immediate effect on the listing of the Company’s common shares, which will continue to be listed and traded on the Nasdaq Capital Market under the symbol “LDTC,” subject to the Company’s compliance with the other continued listing requirements of the Nasdaq Capital Market.

    The foregoing also should be read in conjunction with the disclosures set forth in the Company’s Report of Foreign Private Issuer on Form 6-K as filed with the Securities and Exchange Commission and under the Company’s SEDAR+ profile on the date hereof, and the Company’s Annual Report on Form 20-F for the year ended September 30, 2024 as filed with the Securities and Exchange Commission and under the Company’s SEDAR+ profile on December 26, 2024, including the disclosures set forth under “Item 3.D – Key Information – Risk Factors” contained therein.

    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 170 patent applications (87 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 anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. 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: (i) our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market; (ii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iii) 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; (iv) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (v) 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; (vi) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (vii) changes in general economic and/or industry-specific conditions; (viii) our ability to retain, attract and hire key personnel; (ix) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (x) legislative, regulatory and economic developments; (xi) the outcome of any known and unknown litigation and regulatory proceedings; (xii) 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 (xiii) 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 –

    March 22, 2025
  • MIL-OSI: Silvaco Announces Departure of Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., March 21, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that Chief Financial Officer, Ryan Benton, has resigned, effective April 11, 2025, to pursue a new career opportunity  outside of the semiconductor design industry. Mr. Benton will assist the Company to ensure a successful transition of his responsibilities prior to his departure. His resignation is not the result of any disagreement regarding the Company’s operations, accounting, or other policies or practices.

    Effective upon Mr. Benton’s resignation, Dr. Babak Taheri, Chief Executive Officer of the Company, will assume the roles of principal financial officer and principal accounting officer on an interim basis. Keith Tainsky, who leads the Company’s Financial Planning and Analysis function, will report directly to Dr. Taheri as Interim Chief Financial Officer upon Mr. Benton’s departure. Mr. Tainsky has held CFO and finance leadership positions at public and private companies in the semiconductor industry, including Exar Corporation and Amkor Technology. He joined Silvaco in 2023 and has been instrumental in the Company’s financial and business functions, including strategic planning, financings, mergers and acquisitions, and investor relations. In addition, Sherry Lin, Corporate Controller, will report directly to Dr. Taheri. She joined Silvaco in November 2023 and has been instrumental in leading the Company’s accounting and public company reporting function, preparation of periodic reports filed with the Securities and Exchange Commission, and establishing the Company’s internal controls over financial reporting.

    Silvaco has begun the process of engaging a search firm to assist in identifying Mr. Benton’s replacement.

    “On behalf of our employees and Board of Directors, I want to thank Ryan for his leadership and contributions to the financial management and strategic direction of the Company. We wish him much success in his future endeavors,” said Silvaco CEO Babak Taheri. “I have the utmost confidence in Keith’s ability to lead our finance organization and ensure a seamless transition. Keith’s experience and deep understanding of our financial operations will be instrumental as we enter a new chapter for the company.”

    “It has been a privilege to serve on Silvaco’s leadership team, and I am proud of our accomplishments,” said Mr. Benton. “The dedicated team at Silvaco is well-positioned to continue executing on its strategic vision to create shareholder value.”

    In addition to announcing the Chief Financial Officer transition, the Company today reaffirmed its previously disclosed guidance for the first quarter and full year fiscal 2025, as provided in the Company’s press release issued on March 5, 2025. The Company expects to report first quarter fiscal 2025 results on May 7, 2025.

    Safe Harbor Statement
    This press release contains forward-looking statements based on Silvaco’s current expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silvaco are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silvaco and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

    These forward-looking statements include but are not limited to, statements regarding our future operating results, financial position, and guidance, our business strategy and plans, our objectives for future operations, our development or delivery of new or enhanced products, and anticipated results of those products for our customers, our competitive positioning, projected costs, technological capabilities, and plans, and macroeconomic trends.

    A variety of risks and factors that are beyond our control could cause actual results to differ materially from those in the forward-looking statements including, without limitation, the following: (a) market conditions; (b) anticipated trends, challenges and growth in our business and the markets in which we operate; (c) our ability to appropriately respond to changing technologies on a timely and cost-effective basis; (d) the size and growth potential of the markets for our software solutions, and our ability to serve those markets; (e) our expectations regarding competition in our existing and new markets; (f) the level of demand in our customers’ end markets; (g) regulatory developments in the United States and foreign countries; (h) changes in trade policies, including the imposition of tariffs; (i) proposed new software solutions, services or developments; (j) our ability to attract and retain key management personnel; (k) our customer relationships and our ability to retain and expand our customer relationships; (l) our ability to diversify our customer base and develop relationships in new markets; (m) the strategies, prospects, plans, expectations, and objectives of management for future operations; (n) public health crises, pandemics, and epidemics and their effects on our business and our customers’ businesses; (o) the impact of the current conflicts between Ukraine and Russia and Israel and Hamas and the ongoing trade disputes among the United States and China on our business, financial condition or prospects, including extreme volatility in the global capital markets making debt or equity financing more difficult to obtain, more costly or more dilutive, delays and disruptions of the global supply chains and the business activities of our suppliers, distributors, customers and other business partners; (p) changes in general economic or business conditions or economic or demographic trends in the United States and foreign countries including changes in tariffs, interest rates and inflation; (q) our ability to raise additional capital; (r) our ability to accurately forecast demand for our software solutions; (s) our expectations regarding the outcome of any ongoing litigation; (t) our expectations regarding the period during which we qualify as an emerging growth company under the JOBS Act and as a smaller reporting company under the Exchange Act; (u) our expectations regarding our ability to obtain, maintain, protect and enforce intellectual property protection for our technology; (v) our status as a controlled company; (w) our use of the net proceeds from our initial public offering, and (x) our ability to successfully integrate, retain key personnel, and realize the anticipated benefits of the acquisition of Cadence’s PPC product line.

    It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Accordingly, you should not rely on any of the forward-looking statements. Additional information relating to the uncertainty affecting the Silvaco’s business is contained in Silvaco’s filings with the Securities and Exchange Commission. These documents are available on the SEC Filings section of the Investor Relations section of Silvaco’s website at http://investors.silvaco.com/. These forward-looking statements represent Silvaco’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Silvaco disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

    About Silvaco

    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Investor Contact:
    Greg McNiff
    investors@silvaco.com

    Media Contact:
    Farhad Hayat
    press@silvaco.com

    The MIL Network –

    March 22, 2025
  • MIL-OSI United Nations: Daily Press Briefing by the Office of the Spokesperson for the Secretary-General

    Source: United Nations General Assembly and Security Council

    The following is a near-verbatim transcript of today’s briefing by Farhan Haq, Deputy Spokesman for the Secretary-General.

    **Guest

    Alright.  Good afternoon, everyone.  As you know, tomorrow [22 March] is World Water Day.  I will be joined here shortly by Bhanu Neupane, the Process Coordinator for the UNESCO [United Nations Educational, Scientific and Cultural Organization] World Water Development Report, who will talk to you about the report.

    **Secretary-General’s Travel

    The Secretary-General is about to leave Brussels. Earlier today, he was in Leuven, where he accepted an honorary doctorate given to the United Nations by the universities KU Leuven and UC Louvain.  In his remarks, Mr. [António] Guterres said that by bestowing this honour, the universities are sending a message of support for the mission of the United Nations — a message of solidarity to all those working to make it real — and a message of inspiration for us to keep up the fight.

    He said the universities’ 600th anniversary coincides with a moment of reflection for the United Nations, which marks its own eightieth anniversary as an organization at the epicentre of multilateralism.  Standing here in Europe, the Secretary-General added, we know this same commitment to multilateralism is the beating heart of the European Union – a powerful reminder of our shared responsibility to the world’s most vulnerable people, and proof that isolationism is an illusion, never a solution.

    Turning to the situation in Gaza, the Secretary-General renewed his appeal for the ceasefire to be restored, for unimpeded humanitarian assistance to be reestablished and for the remaining hostages to be released immediately and unconditionally.  His full remarks have been shared with you.

    This afternoon, the Secretary-General also had a meeting with the Prime Minister of Belgium, Bart De Wever.  I believe the readout of this meeting had just been made available. The Secretary-General will be back in the office on Monday morning.

    **Security Council

    Sigrid Kaag, the UN Special Coordinator for the Middle East Peace Process ad interim, briefed the Security Council this morning on Israel and Palestine, and she said that hostages must be released immediately and unconditionally. She strongly condemned the reported ill-treatment of hostages, as well as the fact that there are reasonable grounds to believe that hostages may be subjected to sexual violence and abuse.

    Ms. Kaag unequivocally condemned the widespread killing and injury of civilians and the destruction of civilian infrastructure in Gaza. Nothing can justify the collective punishment of the Palestinian people, she said.  She mourned the UN staff killed in Gaza and strongly condemned the killing of all humanitarian personnel and called for the full investigation of all such incidents.

    The Special Coordinator reiterated her call for a sustained ceasefire and urged the parties to redouble efforts to end human suffering. She rejected the forced displacement of the Palestinian population from any part of the Occupied Palestinian Territory, which would constitute a grave violation of international human rights and humanitarian law.  Ms. Kaag added that the escalation of violence in the occupied West Bank is deeply troubling.  Alongside the rising death toll, Palestine refugee camps in the northern West Bank are being emptied and are sustaining massive infrastructure damage during Israeli operations.

    **Occupied Palestinian Territory

    Turning to Gaza, the Office for the Coordination of Humanitarian Affairs (OCHA) says that as hostilities continue across the Strip, the Israeli closure of all crossings for incoming cargo has entered its twentieth day — the longest shutdown since 7 October 2023.  As a reminder, the crossings were also completely closed for two weeks starting on that date.  This latest closure is having a devastating impact on people already facing catastrophic conditions.  Each passing day further erodes the progress made by the UN and our humanitarian partners during the first six weeks of the ceasefire.

    Beyond the depletion of stocks, OCHA warns that humanitarian operations are now being severely hampered by hostilities.  Civilians, including aid workers, and civilian assets have come under attack.  The UN is seeking concrete assurances for the safety of our staff and operations in Gaza, following the killing of six UN personnel and injury of several others this week, including in the attack on a clearly designated UN compound.  As Tom Fletcher, the Under-Secretary-General for Humanitarian Affairs, said Wednesday, we demand answers on their behalf and for those who continue the work.

    As attacks continue across multiple areas of the Gaza Strip, OCHA warns that the steady flow of trauma injuries is putting even more pressure on an already shattered healthcare system.  Our humanitarian partners estimate that more than 120,000 Palestinians have been displaced once again this week, driven by intensified attacks and new Israeli evacuation orders across the Gaza Strip.  That’s about 6 per cent of the surviving population.  A new evacuation order covering areas in northern Gaza was also issued today, following reports of rocket fire by Palestinian armed groups.

    And turning to the West Bank, OCHA has just released the findings of a rapid survey of movement obstacles across the occupied territory. It recorded nearly 850 checkpoints, gates and other physical obstacles — the highest number documented in any of the 16 surveys OCHA has conducted over the past two decades. In just the past three months, three dozen new movement obstacles have been established — most of them following the announcement of the Gaza ceasefire in mid-January.  Road gates account for a third of all obstacles — and most of them are frequently kept closed.

    Philippe Lazzarini, the Commissioner General of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), noted that today marks 60 days since Israeli began its military operations in Jenin Camp in the West Bank.  He said that such large-scale, militarized operations cannot become the new norm in the West Bank.  This trend of escalating violence — which started even before 7 October 2023 — must be reversed.  OCHA adds that it has received just over 4 per cent of the roughly $4 billion required to meet vast needs across the Occupied Palestinian Territory — in the West Bank and Gaza — this year.

    **Democratic Republic of the Congo

    Turning to the Democratic Republic of the Congo, the Office for the Coordination of Humanitarian Affairs reports that clashes continue in parts of North Kivu, South Kivu and Ituri.  In North Kivu Province, fighting continued yesterday in several areas of Walikale Territory, damaging a humanitarian partner’s logistics base and other civilian infrastructure.  We and humanitarian organizations in the area have relocated staff to Kisangani, in the neighbouring Province of Tshopo.

    In South Kivu, people from Burembo and Fizi-Centre have fled fighting among armed groups in several waves since 5 March.  And in Ituri, clashes in the town of Fataki yesterday continued to displace people.  Since 18 March, many humanitarian partners have suspended their activities there due to the ongoing insecurity.  OCHA reiterates that all parties to the conflict must uphold their obligations under international humanitarian law to protect civilians and civilian infrastructure in military operations.

    **Sudan

    Turning to Sudan:  Today, the UN Children’s Fund (UNICEF) has condemned in the strongest terms the looting of vital humanitarian supplies from Al Bashair Hospital in Jabal Awlia in Khartoum.  These supplies are intended to support malnourished children and provide critical healthcare to mothers and newborns.

    The Al Bashir Hospital is one of the last functioning medical facilities in Jabal Awlia.  UNICEF had managed to deliver these critical supplies on 20 December 2024, marking the first successful humanitarian shipment to Jabal Awlia in over 18 months.  The looting of these supplies will compound an already dire humanitarian catastrophe for children and families in the area.  We reiterate our urgent call for an unimpeded humanitarian access to reach children and families in need and we call for the protection of hospitals and other civilian infrastructure in line with international humanitarian law.

    **South Sudan

    Our peacekeeping colleagues in South Sudan have an update on the intensive diplomacy that is under way in the country.  The Special Representative of the Secretary-General and Head of the United Nations Mission in South Sudan (UNMISS), Nicholas Haysom, is working with international and regional partners, including Heads of States, the African Union and others, to try and de-escalate tensions and stop the aerial bombardment of civilian areas in Upper Nile State, which could spill over into wider conflict.

    Mr. Haysom is also engaging with influential national partners to promote a peaceful resolution.  He is urging the parties to adhere to the ceasefire and peace agreement, and to resolve tensions through dialogue rather than military confrontation. Mr. Haysom stresses that the already troubled region cannot afford another war.  And in fact, on Monday, our guest will be Nicholas Haysom.  He will join us virtually to brief on the situation in South Sudan.

    **Ukraine

    Today in Ukraine, authorities and our humanitarian partners confirmed that hostilities across multiple regions killed a dozen civilians and injured many others, with widespread damage to homes.  In Odesa, a large-scale drone attack injured children and damaged shops, warehouses and vehicles.  Most casualties were reported in the Donetsk region, while in the Kharkiv region, local authorities report intensified hostilities and disrupted electricity in Kupiansk town and neighbouring villages.

    Yesterday, the Humanitarian Coordinator for Ukraine, Matthias Schmale, condemned an attack in the central Ukrainian city of Kropyvnytskyi, in which children were among many civilians injured.  Apartment buildings were also damaged.  Mr. Schmale stressed that international humanitarian law is clear:  Civilians and civilian infrastructure must be protected.

    Amid relentless hostilities, evacuations from high-risk areas continue, with scores of people leaving front-line areas each day.  Humanitarians are supporting the most vulnerable — especially families with children and people with limited mobility — through medical evacuations, psychosocial support and basic items.  Most evacuees have remained within their home regions, while some have been relocated to central and western Ukraine.

    OCHA reports that in the first two months of the year, seven humanitarian staff were injured in six separate incidents near the front line. Attacks also damaged humanitarian assets and facilities in the Kharkiv, Odesa, Zaporizhzhia, Mykolai, and Sloviansk regions, further hampering the response.

    **Haiti

    Turning to Haiti, our humanitarian colleagues tell us that the recent United States funding freeze is having a devastating impact on the overall HIV response, including treatment and prevention.  The Joint United Nations Programme on HIV/AIDS (UNAIDS) says that, as a result of the freeze, most pre-exposure prophylaxis services, also known as PrEP — which are key to reducing HIV infections — had to be suspended, affecting 80 per cent of interventions.

    The National HIV Programme estimates that at least 35,000 people living with HIV and receiving antiretroviral treatment are being affected by the freeze on USAID-funded health services.  The Programme also foresees an increase between 30 and 50 per cent in new HIV infections in the absence of prevention activities.  HIV/AIDS affects an estimated 140,000 people in Haiti.

    The health sector, as part of the broader humanitarian response, needs $43.5 million to address the urgent needs for healthcare services and support to vulnerable people in Haiti.  The Government, World Health Organization (WHO) and UNAIDS are exploring alternatives to ensure that health services can continue.

    **International Days

    Today we have multiple International Days.  It’s the Day of Days, as we call it.  Starting off with the International Day for the Elimination of Racial Discrimination.  In a message, the Secretary-General says that the poison of racism continues to infect our world.  He urges everybody, including business leadership, civil society and ordinary people to take a stand against racism in all its forms.

    Today is also the International Day of Nowruz.  In his message, Mr. Guterres says that Nowruz celebrates new beginnings and the arrival of spring.

    Today is World Down Syndrome Day.  People with Down syndrome need support to live and be included in the community, like everyone else.

    Today is also World Poetry Day.  On this Day, we celebrate one of humanity’s most treasured forms of cultural and linguistic expression and identity.

    And moving on to environment-related days.  Today is the World Day for Glaciers, and coincidentally, this year was declared the International Year of Glaciers’ Preservation.

    And if that’s not enough, today is also the International Day of Forests, and the theme this year is “Forests and Food”.

    And tomorrow is World Water Day and the theme this year is glacier preservation.  Our guests will be here to talk more about this, but I just want to mention that in his message, the Secretary-General said that glaciers may be shrinking, but we cannot shrink from our responsibilities.

    And Sunday is World Meteorological Day and the theme is “Closing the early warning gap together”.  So, those are all the days; anything before we go to our guest?  Yes, Edie.

    **Questions and Answers

    Question:  Thank you, Farhan.  Does the Secretary-General have any comment on the Israeli Defence Minister’s announcement ordering an increase in an intensified military operation in Gaza?

    Deputy Spokesman:  This is completely contrary to what the Secretary-General has been calling for days.  And even today, in Belgium, and in the previous days, he’s said repeatedly that what we need is to get back to a ceasefire.  In what I just read at the first part of this briefing, it’s clear that all of our efforts to help the people of Gaza are at a standstill as long as this goes on.  There are millions of people who need for this to end now.

    Question:  On Sudan, with the Government forces claiming they’re back in the Presidential Palace in Khartoum and other areas, is Mr. [Ramtane] Lamamra going to make any kind of a fresh effort to bring both sides together for peace talks?

    Deputy Spokesman:  Yeah.  On that, regarding Mr. Lamamra’s efforts, he continues to engage the parties with the aim of bringing them closer to a peaceful resolution.  He’s intensifying consultations with the parties and other key stakeholders on modalities to strengthen the protection of civilians and to deescalate the conflict.  A sustainable resolution to this devastating conflict can only be achieved through an inclusive political process.  And from the Secretary-General’s side, I can say that he, the Secretary-General, renews his appeal for the parties to immediately cease the fighting and take steps towards the lasting peace that the people in Sudan demand.  Benno?

    Question:  Thank you, Farhan.  There has been quite a number of stories of people that were either denied entrance to the United States recently or have been arrested and deported or tried to being deported.  I want to focus on these last cases.  In many cases, they were not based on actual crimes, but the authorities said the people were parts of protests that they deemed as antisemitic or dangerous for the United States’ security.  Do you have any comment on this ongoing situation in the United States?

    Deputy Spokesman:  I think it’s important that all of the basic rules in terms of dealing with entrants into the United States, including migrants, including refugees and others, follow the accepted norms of international law.  And part of what you’re saying is that there are many cases where people were moved without sufficient due process, and it’s important that everyone’s due process rights be respected.

    Question:  Do you see that there is an implication for free speech in the United States, especially when we see the Columbia [University] protest and other university protests last year?  Does the UN have an opinion or a standpoint if pro-Palestinian protests are also antisemitic protests at the same time?  This is how the US Government obviously portrays it right now.

    Deputy Spokesman:  Well, certainly for us, it’s important that freedom of speech and freedom of peaceful assembly be protected.  So, obviously, if there are expressions of racial hatred, of actual antisemitism, those are things that authorities need to respond to. But, that shouldn’t impede the rights of people to conduct peaceful protest.  Yes, Denis?

    Question:  So, there are reports that head of UNCTAD [United Nations Conference on Trade and Development), Rebeca Grynspan, will head to Moscow.  So, when will she go to Moscow, and what is her programme in here?

    Deputy Spokesman:  Yes, I can confirm that Rebeca Grynspan and her team will have their next consultation in Moscow on 24 March. That’s part of regular consultations to discuss the implementation of the memorandum of understanding between the UN and the Russian Federation on food security.

    Question:  So, will she discuss alleviating sanctions from Russian fertilizers — so, easing the access of Russian fertilizers to world markets?

    Deputy Spokesman:  I think I’ll wait for the discussions to take place before we provide more details.  But, like I said, it’ll concern the various aspects of the memorandum of understanding.  Yes, please?

    Question:  Thank you.  Do you have any updates on the condition of the UN staff who were wounded in Gaza and their whereabouts?  Thank you.

    Deputy Spokesman:  They’re receiving hospital assistance.  As you know, there were five people who were injured. One of them was lightly injured; two of them, I believe, have ever remained in intensive care, and their condition is being monitored.  And we hope that they will all recover.

    Question:  Could you help with the nationality of the two who remain in intensive care, please?

    Deputy Spokesman:  I believe we’ll provide those details further down.  The hiring organization, the UN Office for Project Services (UNOPS), I believe is in touch with the respective Governments and family members at this stage.  Benny, I think you have a question online, and then we’ll go to Ephrem.  Are you there?  Are you there?

    Question:  Thank you, Farhan.  The ban on UNRWA, it’s been a few weeks now since it entered into effect.  How would you say it is being felt on the ground so far?

    Deputy Spokesman:  It’s affected the ability of UNRWA staff to move in and out in terms of getting visas for UNRWA personnel.  But, to the extent that UNRWA is capable of going about its work, including in Gaza and the West Bank, UNRWA continues to go about its work.  And Benny, are you online?

    Question:  I have a question, Farhan.  Can you hear me?

    Deputy Spokesman:  I can hear you.

    Question:  Should I go ahead?  Farhan, I want to ask you about the Turkish Palestinian Friendship Hospital in Gaza, which was built by Türkiye, and it was actually operated by local authorities as a cancer treatment centre.  You may have seen images online.  It was completely blown up by Israel.  And Israel argued that it was used being used by Hamas.  But, in fact, you may recall that after 7 October [2023], there are also many images that showed Israel deploying many military vehicles around the hospital.  So, I would just like to ask you, why is there no mention of this in your briefing today?  I mean, have we become so accustomed to Israel blowing up hospitals that we don’t need to bring it up?  And does the Secretary-General have a reaction to this hospital being blown up?  Thank you.

    Deputy Spokesman:  Yes.  On that, we certainly are against any of the attacks on medical infrastructure.  All attacks against medical infrastructure by any of the parties is a violation of international humanitarian law, and we stand opposed to this.  And we have reported, as you know, regularly on the fact that all of the hospitals in Gaza have sustained at least some damage over the course of this conflict, and that is an intolerable situation for the suffering population.  And with that, let me go to our guest.

    MIL OSI United Nations News –

    March 22, 2025
  • MIL-OSI Security: Queens Man Charged With Perpetrating Visa Fraud Scheme By Pretending to Be a Federal Agent

    Source: Office of United States Attorneys

    Defendant Drove a Red Hummer Bearing a Vanity License Plate with the Acronym “ICE”

    Earlier today, in federal court in Brooklyn, an indictment was unsealed charging Tommy Aijie Da Silva Weng, also known as “Tommy Weng Da Silva” and “Jacky,” with wire fraud, mail fraud and impersonating a federal law enforcement officer in connection with a scheme to defraud an individual by claiming that he could assist her in obtaining a green card through the EB-5 Immigrant Investor Visa Program (the EB-5 Program).  Weng was arrested this morning and is scheduled to be arraigned this afternoon before United States Magistrate Judge Lara K. Eshkenazi.

    John J. Durham, United States Attorney for the Eastern District of New York and Leslie Backschies, Acting Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the arrest and charges.

    “As alleged, Weng falsely represented himself as a member of federal law enforcement to gain the trust of an unsuspecting victim,” stated United States Attorney Durham.  “The defendant preyed on the victim’s desire to become a United States citizen and pursue the American dream, then stole not only that dream, but also hundreds of thousands of dollars.  Today, real law enforcement agents put the handcuffs on this fraudster and he will now have to answer for his crimes.”

    “For nearly eight years, Tommy Weng allegedly curated a false persona of a federal law enforcement officer with flashy props and empty assurances of guaranteed lawful status to swindle a vulnerable victim of hundreds of thousands of dollars,” stated FBI Acting Assistant Director in Charge Backschies. “This alleged imposter twisted a respected profession into an elaborate scheme while violating the public’s trust in law enforcement. The FBI will continue to apprehend any individual who exploits an authoritative position to garner illicit profits.”

    According to court filings, the fraud scheme began in April 2016, shortly thereafter Weng falsely claimed to the victim (Jane Doe) that he was a federal law enforcement agent, explaining that he was able to use his law enforcement connections to assist her with obtaining a green card through the EB-5 Program on an expedited basis if she invested $500,000 with him.  Weng showed Jane Doe a law enforcement badge and gave her a business card from the “Federal Officers Police Association” bearing his name.  On another occasion, Weng told Jane Doe that he worked for the United States Department of Homeland Security and that he was transferring to a new law enforcement position with INTERPOL in Italy. Weng drove a red Hummer vehicle with the vanity license plate that included the acronym “ICE,” an apparent reference to the federal law enforcement agency Immigration and Customs Enforcement.

    Based on Weng’s representations, Jane Doe provided Weng with $500,000 for a visa. Instead of investing the money that Jane Doe provided him, or submitting a visa application on her behalf, Weng pocketed the money and strung the victim along with a series of lies about why the process was delayed for approximately eight years.

    The charges in the indictment are allegations, and the defendant is presumed innocent unless and until proven guilty.  If convicted, the defendant faces a maximum sentence of 43 years’ imprisonment.

    Anyone with information about crimes committed by Weng should contact the FBI at NY_WengTips@fbi.gov

    The government’s case is being handled by the Office’s General Crimes Section. The government’s case is being prosecuted by Assistant United States  Attorneys Nadia E. Moore and Daniel J. Marcus.

    The Defendant:

    TOMMY AIJIE DA SILVA WENG
    Age:  49
    Queens, New York

    E.D.N.Y. Docket No. 25-CR-94 (NGG)

    MIL Security OSI –

    March 22, 2025
  • MIL-OSI Australia: Future Swirl whipping up a storm with plant-based soft-serve and ICON grant

    Source: Northern Territory Police and Fire Services

    Future Swirl founder Maddalena Eastbrook at her pop-up van.

    Future Swirl is a Canberra-based start-up whipping up a storm in the ice-cream world.

    Founder Maddi Easterbrook wanted to challenge the popular coconut, almond and soy-based ice-creams that dominate the dairy free alternatives market, with an oat milk soft-serve.

    A hugely successful summer season with a pop-up van in Braddon showed Maddi that her idea had real potential.

    “We opened Summernats weekend in Braddon and I was blown away by the response,” said Maddi.

    “It was by far our best weekend during that January to May period in the van. It was really reaffirming. I thought the Summernats demographic would not be my audience, but we had so many converts and repeat customers over that weekend who turned into oat milk soft-serve lovers! It showed me there’s a lot of potential for us to grow.”

    That experience paved the way for Maddi to secure an Innovation Connect (ICON) grant from the Canberra Innovation Network (CBRIN).

    CBRIN receives funding from the ACT Government to support entrepreneurs, innovators and start-ups—like Future Swirl—in Canberra. It offers business support, programs, grants and access to networks of other entrepreneurs.

    “The idea [for the ICON grant] was to take that soft-serve, which you can only get when I’m selling at markets in the van, and bring it to independent grocers in Canberra and straight to our customers in take home tubs.

    “I received matched funding for $30,000,” Maddi said. “I contributed $30,000 myself and bought machinery to scale the business and work on product development.

    “With that money I can move manufacturing out of the pop-up van and into a premises.”

    The take home tubs are being manufactured at the Centre for Entrepreneurial Technology (CEAT) at ANU. CEAT is another ACT Government grant-funded spin out from the Priority Investment Program.

    “I would encourage anyone who is thinking of applying for an ICON grant to do it,” she said.

    “I was nervous about pitching my idea against people developing AI and high-tech solutions.

    “But plant-based food alternatives are a growing and global industry, valued at nearly $5 billion and it’s expected to reach just over $100 billion by 2030. Being a vegan myself, I’m in a unique position to create a product that I would want to eat, rather than multi-nationals that are producing because there is a gap in the market.

    “CBRIN could see my product has the capacity to scale and succeed.”

    Maddi’s oat milk soft-serve is also filling a much-needed gap in the food allergen market. Her soft-serve is nut free, dairy free and soy free.

    “It was amazing to see children who had never eaten a soft-serve or ice-cream before, sitting in the park enjoying their first taste in their 10 or 12 years of life,” Maddi said.

    “My desire to start Future Swirl came from being vegan and being passionate about sustainability and plant-based food being the best way for individuals to reduce their carbon footprint. But meeting this need in the food allergen market has been an added bonus.

    “It’s pretty great seeing the joy of a kid eating an soft-serve in the park! And soft-serves are very nostalgic.”

    Future Swirl’s signature and most popular vanilla and chocolate oat milk based soft-serve.

    As for what’s next for Future Swirl, Maddi is preparing to bring her take home tubs to Canberrans but also has her eyes set on the Sydney and Melbourne market.

    CBRIN’s ICON grants are currently open and close on 11 September.

    For more information visit the ICON website.


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    MIL OSI News –

    March 22, 2025
  • MIL-OSI: Volta Finance Limited – Net Asset Value(s) as at 28 February 2025

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    February 2025 monthly report

    NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

    Guernsey, March 21st, 2025

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for February 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    Performance and Portfolio Activity

    Dear Investors,

    Volta Finance’s net performance for the month of February established at +1.6%, taking the Aug 2024-to-date performance at +13.1%. Both our investments in CLO Debt and CLO Equity performed positively over the course of the month, with European CLO Equities benefiting from a strong price appreciation despite market volatility.

    Volatility intensified in February as US policy and mixed economic data releases triggered a repricing of risk across the board. The pursuit of a tariff strategy from the US administration sent a cautionary message regarding the near-term inflation outlook, and raised concerns regarding the sustainability of US growth in the context of current expansion being supported by a steady consumer spending momentum. The interest rate on 10-year U.S. government bonds fluctuated, going up to 4.60% and then dropping back to 4.20%. Additionally, the number of people filing for unemployment benefits hit its highest level this year due to job cuts in companies and federal agencies. Following unsuccessful mediation talks between the US and Ukraine at the White House on February 28th – and the radical shift in US foreign policy strategy – the European Commission suggested allowing countries to spend more on defense without strict budget rules for four years. Germany also announced plans to change its Constitution to borrow €900 billion for defense and infrastructure projects. As a result, European government bond yields changed noticeably, while the Euro and European stock markets improved. The uncertainty in politics and the economy led to increased volatility in credit markets: the European High Yield index (Xover) took a “V” shape over the month and closed around 15bps wide of the tights. On the Loan side, Euro Loans closed c. 30cts up at 98.70px (Morningstar European Leveraged Loan Index) on the back of strong technicals, while US Loans were down 45cts at 97.15px. Primary CLO markets remained busy, although we noticed softer subscription levels. In terms of performance, CLO markets performed in line with broader Credits on a rating adjusted basis: BBs total returns stood at +0.9% while US High Yield returned +0.65% in the same period, Euro High Yield was up +1% and Global Loans gained +0.3%.
    Looking at Volta Finance’s cashflow, the portfolio generated c. €28m equivalent of interests and coupons over the last six months, representing c.20% of February’s NAV on an annualized basis.

    Over the month, Volta’s CLO Equity tranches returned a 2.4% performance** while CLO Debt tranches returned +1.7% performance**, cash representing c. 9.8% of the NAV.

    Volta is around 21% exposed to USD, the February currency moves had no meaningful impact on the overall performance (+0.02%) although we anticipate FX moves to have a greater impact next month.

    As of end of February 2025, Volta’s NAV was €283.5m, i.e. €7.75 per share.

    *It should be noted that approximately 4.49% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 4.38% as at 31 January 2025, 0.11% as at 30 September 2024.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

    CONTACTS

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A, Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,700 professionals and €844 billion in assets under management as of the end of December 2023.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    • Volta – Monthly report-February 2025

    The MIL Network –

    March 22, 2025
  • MIL-OSI Security: Federal Law Enforcement in Chicago Seizes $214 Million in Alleged “Pump and Dump” Investment Fraud Investigation; Seven Defendants Indicted

    Source: Office of United States Attorneys

    CHICAGO — Seven individuals have been indicted on criminal charges as part of a federal investigation that disrupted an alleged “pump-and-dump” investment fraud scheme and resulted in government seizures of approximately $214 million.

    From November 2024 to February 2025, the defendants engaged in misleading promotion and coordinated trading of shares of China Liberal Education Holdings, Ltd., a company incorporated in the Cayman Islands that purported to provide educational services in China, according to an indictment returned Thursday in U.S. District Court in Chicago.  The scheme, known as a “pump-and-dump,” allegedly involved individuals in China posing as U.S.-based investment advisors on social media and messaging platforms and falsely promising significant returns from investments in the company.  The misleading promotion and coordinated trading caused the stock price to artificially rise, at which point the defendants sold thousands of shares and made millions of dollars in profits, the indictment states.  The stock price ultimately decreased significantly, at the expense of other investors, some of whom lost almost the entirety of their investment.

    Charged with wire fraud and securities fraud are LIM XIANG JIE CEDRIC, 50, of Malaysia, MING-SHEN CHENG, 36, of Taiwan, KO SEN CHAI, 57, of Malaysia, KING SUNG WONG, 39, of Malaysia, SIONG WEE VUN, 37, of Malaysia, CHIEN LUNG MA, 54, of Taiwan, and KOK WAH WONG, 56, of Malaysia.  The defendants are not in custody and warrants have been issued for their arrests.

    During the investigation, federal law enforcement seized approximately $214 million in alleged proceeds from the fraud scheme. The funds are currently in U.S. custody. The U.S. Attorney’s Office in Chicago on Thursday filed a civil complaint seeking to have the money permanently forfeited to the United States, which would allow the government to return the money to victim investors.

    The indictment and forfeiture complaint were announced by Morris Pasqual, Acting United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  Valuable assistance was provided by the Boston Regional Office of the U.S. Securities and Exchange Commission and the SEC’s Office of Inspector General.  Assistant U.S. Attorney Jared Hasten represents the government.

    Each count of securities fraud is punishable by up to 25 years in federal prison, while the maximum sentence for each count of wire fraud is 20 years.  The public is reminded that an indictment contains only charges and is not evidence of guilt.  The defendants are presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

    If you believe you or someone you know may have been victimized by the fraud scheme charged in the indictment, you are encouraged to notify the FBI by completing this online form or calling 1-800-CALL-FBI (1-800-225-5324).

    MIL Security OSI –

    March 22, 2025
  • MIL-OSI Economics: Transforming Grievance Redress: The AI Advantage – Inaugural Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India – March 17, 2025 – at the Annual Conference of the RBI Ombudsmen, Mumbai

    Source: Reserve Bank of India

    I am delighted to participate in this year’s Annual Conference of the RBI Ombudsmen. The Reserve Bank has been organising this conference on or around the World Consumer Rights Day, that is, 15th March. World Consumer Rights Day is celebrated every year with the aim of raising global awareness about consumer rights and needs. We organise this conference to reflect on our achievements with regard to consumer services and to deliberate on how to improve services and reduce grievances. We need to improve consumer services, not only because it is our duty to do so, but because it is in our selfish interest to do so. In this age of competition, we would not survive long if we do not provide quality service to our consumers.

    2. We have made tremendous strides in improving consumer services over the years. We have enabled internet banking and mobile banking. Most of the banking services, be it opening a deposit account, or taking a small loan have been digitised, adding to the convenience and speed. We are making record number of digital transactions through UPI and other means of digital payments. Many among the younger generation may have never visited a bank branch. We have even enabled opening of accounts using video KYC.

    3. While we have enhanced customer experience over the years, the high number of customer grievances continues to be a matter of serious concern. I am told that last year (2023-24), the 95 Scheduled Commercial Banks alone received over 10 million complaints from their customers. If we take into account the complaints received at other RBI-regulated entities (REs), the number would be even higher. One may argue that this amounts to only four complaints per thousand accounts per year as there are about 2.5 billion bank accounts. But, for us, even one complaint is a cause of concern. We have 10 million complaints and with the rapidly growing customer base and expanding suite of products, this may grow, if we do not get our act together.

    Customer satisfaction – a cornerstone for banking and other financial services

    4. Excellent customer service, in fact excellent customer experience is a sine qua non in any service industry. Our effort should be to enhance the total customer experience. The experience should be such that there is no cause for a grievance that requires a redress. Let me state a fundamental truth: every complaint is a test of trust. When a consumer files a grievance – whether for a disputed transaction, a lapse in service, inappropriate pricing or charges or an unfair practice – it is a signal that our system has fallen short. Left unresolved, such issues can erode consumer confidence and tarnish the entire ecosystem.

    5. I am reminded of a real story about customer service. Some of you, especially the management graduates, may have heard it but it is so appropriate for today’s theme that it is worth being retold. In the winter of 1975, in a town in Alaska, a man walked into a store and complained to the salesman present that the snow tyres that he bought some time ago were not holding. The salesman was a little puzzled. He said that he could not replace them but will check what he could do and went to the back of the store. Those of you, who have visited departmental stores in the USA, would know that refunds are processed at the back of the store. The salesman came back after some time and handed over some cash as refund and the customer left satisfied. Can anyone guess why this was unique, as no questions asked policy for refunds is fairly common in the USA? It is because the company in question is Nordstrom which does not even sell tyres. It sells apparel and shoes. But, for Nordstrom, customer comes first. Trusting him and winning his trust is more important than anything else.

    6. Some say that this is not a true story. How is this possible? How could a company offer refund for a product which it never sold? Nordstrom, however, insists that this incident did take place. Nordstrom had acquired three stores from another company that sold miscellaneous articles including tyres. The customer did not realise that the store had changed and walked in with his complaint. The key message is that Nordstrom saw itself being in the business of customer service, and not just selling goods. We too need to realise that we are in the business of providing unalloyed customer service and not just selling banking and other financial services.

    Top management to accord priority to customer service

    7. I am sure you will all agree that we are indeed in the business of customer service. However, I suspect that we are not spending enough time on customer service and grievance redressal as a result of which not only are there a large number of complaints being received by banks and NBFCs but in the absence of satisfactory resolution, a large number of them are getting escalated to RBI Ombudsmen.

    8. Let me give you some perspective. The number of complaints received under RBI’s Integrated Ombudsman Scheme increased at a compounded average growth rate of almost 50 per cent per year over last two years to 9.34 lakh in 2023-24. The number of complaints processed at the Office of RBI Ombudsman increased by 25 per cent from about 2,35,000 in 2022-23 to almost 2,94,000 in 2023-24. Not only are large number of complaints getting escalated, a large proportion of them – nearly 57 per cent of the maintainable complaints last year – required mediation or formal intervention by the RBI Ombudsmen. You would all agree that this is a highly unsatisfactory situation and needs our urgent attention.

    9. I would, therefore, strongly urge all the MD&CEOs, Zonal and Regional Managers and the Branch Managers to spend some time every week, if not every day on grievance redressal. This is a must. All great CEOs find time to do it. We too must keep some time in our diary for improving customer service and grievance redressal.

    Improving customer service systems

    10. Customer complaints aren’t a nuisance – they are in fact opportunities to improve, innovate, and build trust. Handling them well can define your success. Each unresolved grievance is a missed opportunity for regulated entities to reaffirm customer trust and loyalty. It is also a warning signal as repeat complaints are often signs of systemic flaws. Today, complaints often surface on social media even before reaching official channels, highlighting the need for proactive measures.

    11. The effort thus should be to not only resolve the complaints but also to ensure that the same type of complaint does not arise again. Many of the complaints like digital transaction disputes, unauthorized charges, or miscommunication frequently recur. These are clearcut symptoms of underlying issues in the overall customer service framework of the regulated entities. A thorough root cause analysis should be performed for each complaint so as to enable remedial action and avoid repetition of same type of complaint.

    12. In fact, I would go a step further. Best service is not one in which there is no occasion for grievance redressal but one in which there is no occasion for the customer service department to step in. Systems should work seamlessly and conveniently so that customers do not have to call the branch or the customer service centre or talk to anyone in the Bank or NBFC. Systems have to be so user-friendly that customers can rely on self-service rather than being dependent on anyone else.

    Improving internal grievance redressal systems

    13. While improving systems to reduce grievances is important, setting up a robust grievance redressal system is equally important for all regulated entities. I would urge you all to review the same. While the regulations do not make any prescription for the organisational structure for grievance redressal, my experience suggests that there should be at least two levels for grievance redressal in large REs, with unresolved grievances getting escalated from the lower to the higher level. The highest level should be at a fairly high rank. This to ensure that requests do not get rejected without having been examined by a senior functionary who is empowered to take decisions in consumer interest. This will help reduce grievances getting escalated to the Ombudsman. It must also be ensured that there are sufficient number of grievance redress officers at all levels including in the Internal Ombudsman office.

    14. I would also like to draw your attention to the misclassification of complaints as requests, queries, and disputes by the regulated entities. This results in the complainants’ grievances remaining unaddressed. Moreover, this is also a gross regulatory violation.

    Major areas of service improvement

    15. Let me now briefly allude to some of the major areas where we need to improve. These relate to KYC, digital frauds, mis-selling, and aggressive recovery practices.

    16. As for KYC, we need to ensure that once a customer has submitted documents to a financial institution, we do not insist on obtaining the same documents again. Once the customer has updated his details, for example, his residential address, with one regulated entity of any financial sector regulator, it gets updated in CKYCR and other REs are notified of the updation. PML Rules made by the Department of Revenue in the Ministry of Finance and RBI’s Master Directions on KYC mandate regulated entities to check the CKYCR system before seeking KYC documents for opening an account. However, most banks and NBFCs have not enabled the same in their branches/business outlets, causing avoidable inconvenience to customers. This may be facilitated early. This will be in the interest of all.

    17. Another important issue connected to customer protection is rising digital frauds. It is a matter of great concern that innocent customers continue to fall prey to scamsters. While this could be attributed to rise in digital transactions and innovative methods adopted by fraudsters, lack of customer awareness is also a major reason for the same. To mitigate this menace, REs not only need to put in place robust internal controls but also enhance digital financial literacy.

    18. The issues of mis-selling and aggressive recovery practices have been highlighted earlier too. In this context too, I would request you to keep consumer interest supreme.

    Embracing technology – the AI way

    19. Let me now come to the theme of this year’s conference: AI’s potential to revolutionize grievance redressal. We are entering an exciting era where technology, particularly artificial intelligence (AI), can drive remarkable improvements in speed, accuracy, and fairness of complaint resolution.

    20. AI can help categorize incoming complaints by urgency, complexity, or subject area, ensuring minimal delay in reaching the right people or the right team. AI can also help in optimising complaint routing. Further, it can assist in decision-making and reducing processing time.

    21. Secondly, AI can be used to pinpoint systemic gaps by analysing both structured and unstructured data such as emails, chat logs, and call transcripts. This will aid in identifying training needs and guiding necessary process reforms. Using data from millions of consumer branch visits, call centre logs, mobile apps, and social media, a unified, AI-driven view of all these interactions can help identify common pain points more efficiently. Leveraging data analytics, sentiment analysis, and predictive models, AI can be used to analyse large volumes of data to detect spikes in issues – such as ATM failures or erroneous charges – and alert REs pre-emptively.

    22. Lastly, in a linguistically diverse country like India, AI-driven chatbots and voice recognition tools can eliminate language barriers by operating in local languages. Moreover, the implementation of conversational AI in chatbots, voicebots, and advanced IVR systems can handle routine queries round the clock, thereby freeing people to focus on cases that require empathy and complex problem-solving.

    23. In short, integrating AI at every stage – from complaint lodging to closure – can result in a seamless, efficient, and data-driven grievance redressal system. Such a framework not only reduces processing times and addresses repetitive complaints but also fosters equitable outcomes by mitigating human biases. It is time that the banking industry explores and pioneers the integration of technology – including AI – to strengthen the grievance resolution mechanisms and make it best in class across the globe.

    Challenges and guardrails in AI driven grievance redressal system

    24. While AI presents unparalleled opportunities, we need to be cognizant of the challenges and risks that its adoption poses. There are concerns on data privacy, algorithmic bias and complexity in AI-driven models. As we embrace AI in grievance redressal or any other process, we must also remain mindful of ethical considerations. Human oversight, bias mitigation and data privacy must be integrated into the AI Systems to ensure transparent and consistent outcomes.

    Investing in human resources

    25. While technology in all its forms is a powerful enabler, I would like to emphasise that it is no substitute for integrity, empathy, and human judgment. In a world increasingly driven by data, algorithms, and automation, it is all too easy to lose sight of the human element. Every transaction represents not just a number in a ledger, but the hard-earned savings of a family, the dreams of a small entrepreneur, or the lifelong savings of a senior citizen. It is, therefore, critical that REs continue to invest in human resources dedicated for customer service and grievance redressal. It is essential to invest in training of staff, especially in behavioural aspects of customer service. Moreover, the staff needs to be empowered to take decisions based on their judgement to redress consumer grievances, enhance customer satisfaction and win consumer trust.

    RBI as a facilitator

    26. In the end, I would like to assure you that, while we exhort you to provide services efficiently to customers, we in the Reserve Bank shall also provide various services, approvals, clarifications, etc. to the regulated entities in a timely manner. We already have a citizen’s charter. We are in the process of reviewing the charter. We will make the charter comprehensive to include all services that we offer either to the REs or directly to citizens. Moreover, we are reviewing the timelines for each service. It will be our endeavour to provide all approvals, etc. within the timelines. We are also making mandatory the use of PRAVAAH, which is RBI’s secure and centralised web-based portal for any individual or entity to seek authorisation, license or regulatory approval on any reference made to the Reserve Bank in a timely manner. This will help us in expediting the disposal of applications received by the Reserve Bank.

    Conclusion

    27. We stand at a pivotal juncture as India looks to realise its dream of a more resilient and inclusive Viksit Bharat. With the financial sector touching the lives of almost the entire population, we have a critical role. To succeed in this role, we must continue to enhance customer service and customer protection.

    Thank you !

    MIL OSI Economics –

    March 22, 2025
  • MIL-OSI USA: 46 Patents, One Fiscal Year

    Source: US National Renewable Energy Laboratory

    NREL Innovations Fuel New Energy Technologies


    What is your technology, what is innovative about it, and how will it change the world? These are the initial questions the innovation management team at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) asks researchers when they have new inventions with commercialization potential.

    Researchers submit their innovative ideas as records of invention (ROI) or software records, thus initiating a collaborative review and discussion with members of NREL’s Technology Transfer Office and Office of General Counsel. Technologies that pass muster and show potential for measurable market impacts may move on to the multiyear process with the U.S. Patent and Trademark Office to secure the patent rights necessary to bring yesterday’s ideas into today’s practical use.

    In Fiscal Year 2024, researchers at NREL submitted a record-breaking 294 innovations, representing potentially patentable inventions or copyrightable software. This remarkable level of innovation productivity resulted in 46 awarded U.S. patents and 12 NREL-enabled startup companies—an unprecedented amount of growth for this DOE laboratory focused on integrated energy solutions for an affordable and secure energy future.

    To Eric Payne, licensing executive lead for the tech transfer office, NREL’s record year signals that researchers are more engaged than ever before in the commercialization process as a means for their research to have impact.

    “NREL scientists are among the most inventive in the national lab system, and this record year reflects their continued dedication to having commercial impacts in the U.S. energy economy,” Payne said.

    A subtle, yet crucial, distinction about patents, Payne explained, is that they are “a snapshot back in time” of the research NREL was conducting three to five years ago.

    “Patent issuances are actually a lagging indicator of innovation, because if you think about the timeline, a researcher will first file an ROI. We typically file a patent application about six to 12 months after that, and then the patent application is pending within the U.S. Patent and Trademark Office for at least two to five years,” Payne said.

    The process can sometimes take even longer, partly due to the volume of applications received at the U.S. Patent Office and partly due to the complexity of the technology itself. The more complicated the technology, the more time it takes for a patent application to be examined, with NREL’s team of patent attorneys expertly navigating the prosecution process. Because research at the laboratory is often early stage, researchers will typically use this waiting period to continue developing their technologies toward market readiness.

    In the case of FY 2024, the “oldest” awarded patent originated from an ROI submitted in 2014, though most patents were initiated in 2019 or later.

    So, what was cutting edge at NREL five years ago? In short: NREL’s origins as a solar research institute still shine, accompanied by advances in wind, hydropower, geothermal, and bioenergy fields. The patents overwhelmingly represent improvements in the efficiency of energy systems and manufacturing processes to make technology easier to scale and cheaper to use. New materials and advanced composites were introduced, and methods that reduce the amount of energy needed to power everyday lives were proposed.

    Protecting Power Grids From Cyberattacks

    With the rise of new technologies, power grids are becoming more vulnerable to advanced malware capable of infiltrating a utility company and toggling the on/off switch of electricity for millions of customers at once, remotely.

    Joshua Rivera and Vivek Kumar Singh, two researchers at NREL’s Cybersecurity Research Center, aim to get ahead of these threats by exploring how modern cybersecurity concepts—like cloud-based programs, process automation, and even artificial intelligence—can be applied to the energy grid to make it more resilient.

    This thought led to the Cybersecurity Research Center’s first patent, issued in February 2024, titled “Network visualization, intrusion detection, and network healing.” Rivera and Kumar Singh are coinventors along with NREL’s Adarsh Hasandka and Joshua Van Natta.

    The patent proposes a system that detects, visualizes, and mitigates anomalies in power grids automatically. The system’s rapid response lies in the rule-based, model-based, and AI-driven methods it was developed with. By comparing incoming data to preestablished models, plotted by the team, the system can immediately trigger corrective actions when disruptions are found.

    Vivek Kumar Singh (presenting) describes the NREL-patented tool for protecting power grids. Photo from Vivek Kumar Singh, NREL

    The team’s ROI for the technology was initiated in 2019, “at the right place and the right time,” according to Rivera and Kumar Singh.

    “In 2019, we were trying to capture the moment; we were forecasting that people were really going to care about AI,” Rivera added. “Terms like virtualization, software-defined networking, automation, and orchestration are common in IT and cloud security for ensuring resilience. So, we set out to adapt those philosophies with these new detection methodologies and apply them specifically to power systems. By combining them, we realized we could create something truly novel at the time.”

    As electrical grids become more connected and vulnerable to online threats, cybersecurity is now a core component of energy systems rather than an afterthought. To refine and bring technologies like this patent to market, the team said that partnerships and collaborations will be essential.

    “This patent required a diverse team of people with different domain expertise and different capabilities,” Rivera said. “The more collaboration and involvement we get from others, the more likely we can build something that will be successful.”

    Matereal’s NIPU Foam Replaces Traditional Polyurethane

    For retired NREL researcher Phil Pienkos, his renewable, nontoxic polyurethane product, trademarked as Polaris, came closer to commercialization in FY 2024 with a new patent for the technology.

    Developed with Tao Dong and Lieve Laurens of NREL, Pienkos’ non-isocyanate polyurethane (NIPU) foam can be made from readily available oils, such as linseed or soybean oil, as well as oils derived from algae or food waste. It is synthesized without petroleum-based chemicals and isocyanates: hazardous chemicals that are known to cause irritation, asthma, and severe lung issues. And its end product offers both recyclable and biodegradable options for polyurethane used in everything from textiles, automotive interiors, mattress cushioning, and more.

    Phil Pienkos (right) holds a prototype of his non-isocyanate polyurethane material, while Eric Payne (left) holds the patent license agreement that helped Pienkos form his company, Matereal. Photo from Eric Payne, NREL

    This latest patent, “Non-isocyanate polyurethane products and methods of making the same,” specifically addresses the method of making NIPU foam. By increasing the reaction speed between amines and cyclic carbonates, the building blocks of the material, researchers have made NIPU foam synthesis more comparable to conventional polyurethane production, which is crucial for uptake by industry partners.

    “It’s got regulation push. It’s got market pull,” Pienkos said of the opportunities for commercialization. “It’s got everything.”

    As of summer 2024, Pienkos’ startup company, Matereal, had completed a round of seed funding, raising $4.5 million to continue Polaris’ development after early partnerships with brands like Patagonia, the outdoor company, and Tempur Sealy, the mattress company.

    Ocean Wave Energy Converters Make a Splash

    Two patents issued in the last fiscal year centered on marine energy and the conversion of the ocean’s waves into “something more useful,” said Blake Boren, a senior engineer on NREL’s water power research and development team—be it electricity or desalinating seawater into drinkable fresh water.

    Boren was a lead researcher on the patent titled “Flexible wave energy converter,” also known as a flexWEC, a device that can bend, flex, and/or stretch to generate electricity from ocean waves. Where traditional wave energy converters are typically rigid and move within one degree of freedom, a flexWEC is innately able to move in several degrees of freedom and can therefore interact with a broader range of ocean wave periods and frequencies than what would otherwise be directly possible. With many small energy transducers embedded across the device, instead of concentrated at central point, the flexWEC can better adapt to changing wave environments and continue operating even if some transducers fail.

    A prototype of the inflatable pump Jenne built in his garage. Photo by Scott Jenne, NREL

    “If a couple of the smaller energy transducers fail, it’s not ideal, but the overall energy conversion structure should largely still operate as intended, and in that way, flexible wave energy converters could be more robust than a more conventional WEC,” Boren said.

    The flexWEC is an ocean wave energy converter based on distributed embedded energy converter technologies (DEEC-Tec), a new type of marine energy innovation that was patented in September 2022 by Boren and Jochem Weber, chief engineer for NREL’s water power program, also named on the new patent.

    Dale “Scott” Jenne’s FY 2024 patent, “Inflatable pressure absorption wave actuated pump,” also described a wave energy converter, though based on a different mechanism than the flexWEC. After six years of working on desalination technologies, Jenne—a multidisciplinary research engineer on the water power team—noticed a common theme.

    “Almost every wave energy converter that I had worked with or analyzed was, in some way, pumping a fluid. And a lot of companies earlier on were using what we call hydraulic systems: a piston that is pushing up and down, then that motion runs a motor, which can then run a generator,” Jenne said.

    But hydraulic systems are expensive, prone to leaks, and rely on rigid parts like gearboxes that could break over time, leading Jenne to question, “How do you simplify that process and make a system that pumps water with the simplest mechanism possible?”

    The result, a prototype Jenne built in his garage with $150 of supplies, is a modified version of a diaphragm pump that relies on the kinetic energy of a moving wave to pressurize a bag. Squeezing the bag then forces air through a column to generate electricity. The inflatable pump has no moving parts and reduces the complexity of mechanical systems with hydraulic seals. And the prototype’s low-cost build implies the technology could be scaled inexpensively.

    NREL researchers Blake Boren and Stephen Chamot (from left to right), with Isabel Hess, a Ph.D. student from the University of Florida, do final checks to the distributed embedded energy conversion technology (DEEC-Tec) equipment before testing it in the Wave Tank at the NREL Flatirons Campus. Photo by Gregory Cooper, NREL

    In December 2024, Jenne’s team applied for a Technology Commercialization Fund grant from DOE to advance the inflatable pump for high-pressure scenarios, like those needed for desalination.

    In both cases, the flexWEC and the inflatable pump hold promise for generating energy from the harsh environment of ocean waves, particularly in areas affected by hurricanes or in remote coastal areas that lack reliable infrastructure. Ocean wave energy has unique advantages in niche applications like those, filling in gaps where wind and solar renewables are less effective. Demonstrating that WECs can succeed in smaller-scale systems—such as powering oceanographic sensors for data collection, desalinating seawater, or supplying energy to microgrids in island communities—could build momentum for larger-scale applications of marine renewable energy technologies in the future.

    Solar Panels, Minus the Lengthy Setup

    Innovations in solar energy technologies represented a majority of the patents NREL acquired in FY 2024, mirroring the growing role solar plays in the global electricity market at-large. As the most abundant renewable resource, solar is predicted to account for 40% of the U.S. electricity supply by 2035 and 45% by 2050. 

    One standout solar technology comes from researchers Bryon Larson and Obadiah Reid of NREL’s chemistry and nanoscience program. Their patent, “Microwave photoconductance spectrometer and methods of using the same,” describes a technique to analyze materials used in photovoltaics (PV) quickly and efficiently, without needing to build a full solar panel device first.

    The device could help solar panel manufacturers implement real-time quality control monitoring on production lines and facilitate more efficient research on PV materials beyond silicon. Where traditional silicon solar panels have established metrics for quality, new materials, such as perovskites, are less well characterized and require more meticulous processing to achieve optimal performance.

    Reid and Larson’s spectrometer works by aiming microwaves at a film of semiconducting material. When the waves bounce back, they are carrying information about the material’s quality at high speed, allowing manufacturers to adjust factors to improve the material’s conductivity in real-time. The spectrometer is built to incorporate into a future where solar panels are manufactured on a roll-to-roll press akin to a newspaper printing press.

    “The technique is contactless, so you are essentially pointing a probe at a running web of material that is moving very rapidly,” Larson said. “The faster you run the printing press, the higher the yields in solar panel production—per hour, day, or year. That’s important because, in a manufacturing setting, the less downtime you have, the more likely you’ll be profitable.”

    After the ROI was filed in 2018, DOE selected Reid and Larson’s spectrometer for its Small Business Innovation Research grants where industry competed to advance the technology. Oregon-based Tau Science Corporation adapted the team’s research tool into a commercial prototype, and along the way, Reid and Larson made the technology even better. Though their original spectrometer is 1,000 times more sensitive than traditional methods, today’s version is even more precise, enabling research into higher-quality perovskites, cadmium telluride, and other trending semiconducting materials.

    Chemistry researchers Bryon Larson (left) and Obadiah Reid demonstrate a commercial prototype of their microwave spectrometer. Photo by Werner Slocum, NREL

    Reid predicts that as the solar industry adopts roll-to-rolling printing—projected to be a $50 billion annual market in the next two decades—the microwave spectrometer will naturally transition to industrial applications.

    “I have pretty high hopes that it will be adopted by research laboratories because it is super useful as a way of characterizing the material you’re making before going all the way to a full device,” Reid said. “If that happens, if the people developing the materials are trained with this particular technique, they’re going to want that same feedback in their systems when they join industry.”

    These and NREL’s remaining patents from FY 2024 have been added to an ever-expanding portfolio of technologies that Payne’s office is managing, including 750 patented technologies and 700 commercial and open-source software records. Each invention is available for licensing through NREL’s Technology Transfer Office.

    MIL OSI USA News –

    March 22, 2025
  • MIL-OSI United Kingdom: New MBA Residential series focuses on supply chains The latest trends in global supply chains will be the focus of a three day event hosted by the University of Aberdeen Business School this summer.

    Source: University of Aberdeen

    The latest trends in global supply chains will be the focus of a three day event hosted by the University of Aberdeen Business School this summer.
    From exploring the use of AI and Blockchain, understanding supply vessel logistics and establishing new supply chains in emerging markets; through to raising awareness of the environmental, social and governance requirements in value chain planning, the event is part a new MBA Residential series.
    Supported by the Development Trust Student Experience Fund, it will bring together MBA students from Aberdeen, Qatar and those studying online for a comprehensive programme of lectures and on-site industry visits.
    In addition to visiting the National Decommissioning Centre, ANM Group and Peterhead Port Authority, delegates will hear from speakers including Rex Gu, Global Head of Finance, Contract Logistics and E-Commerce Logistics at A.P. Moller – Maersk; Alan Buhamba, Executive Assistant to the Minister of Energy in the Government of Uganda; Cyril Bruce-Cathline, New Business Management for Europe and Africa at Fugro; and Yingli Wu,  Managing Director (China) at Wrist Ship Supply. They will also be joined by Russell Borthwick, Chief Executive of Aberdeen & Grampian Chamber of Commerce.

    This event provides a unique opportunity for students across the MBA cohort to network, engage and enhance their understanding of supply chain resilience directly from industry.” John Storm, Director of MBA Programmes at the Business School

    “In today’s interconnected world, supply chain resilience is not just a strategic advantage but a necessity,” said John Storm, Director of MBA Programmes at the Business School and event moderator.
    “The challenges of geopolitical instability, resource scarcity and technological integration demand agile and adaptable networks. Yet, these very challenges also present opportunities for innovation, sustainability, and enhanced collaboration, paving the way for more resilient and efficient global supply chains.
    “This event provides a unique opportunity for students across the MBA cohort to network, engage and enhance their understanding of supply chain resilience directly from industry.”
    Supply Chain Resilience in the Age of ESG takes place at the University of Aberdeen’s King’s College campus from 4-6 June 2025. Free to attend, register to express your interest here.

    MIL OSI United Kingdom –

    March 22, 2025
  • MIL-OSI United Kingdom: New posts to strengthen links between University and industry Bridging the gap between academia and key industry sectors at the heart of the North East of Scotland’s economy is the key aim for three new business development executives at the University of Aberdeen.

    Source: University of Aberdeen

    Bridging the gap between academia and key industry sectors at the heart of the North East of Scotland’s economy is the key aim for three new business development executives at the University of Aberdeen.
    The three new posts have been created by the 430-year-old institution in order to build and strengthen links and partnerships with the business community across energy, health and life sciences, and digital and creative industries.
    It’s hoped that the initiative will foster greater collaboration as part of a wider drive by the University to support regional economic development.
    Responsible for the health and life sciences portfolio is Dr Marina Kovaleva who boasts 25 years in the sector working within academia and biotech and pharma companies.
    Marina pioneered the discovery of new drug therapies developed from the shark immune system, leading to the first preclinical study on shark-based drugs for rheumatoid arthritis and designing targeted tumour therapies. This research was spun out into the biotech company Elasmogen Ltd in 2016, of which Marina is a founding team member.
    Marina has degrees in Biochemistry, Biotechnology and Veterinary Medicine obtained from universities in Russia and Germany.
    Taking on the digital and creative industries brief is Dr Allison Noble who has held various roles in both government and the charity sector.
    Following roles involving helping NHS health boards address vaccine hesitancy and develop clear travel guidance during the pandemic and sustainability research with the Department for Digital, Culture, Media and Sport (DCMS), Allison comes to the University after two and a half years with Research Data Scotland (RDS). With RDS, Allison helped restructure the organisation’s information architecture and implemented AI safely at an institutional level whilst working with bodies such as National Records of Scotland, Scottish Government and Public Health Scotland.

    These appointments demonstrate the University’s ongoing support for the region’s ambition to be an innovation-driven economy, leveraging our world-class research expertise to support business.” Professor Pete Edwards, Vice-Principal for Regional Engagement

    Her doctorate from the University of Southampton investigated how music streaming platforms and their algorithms impact the creation, distribution, and consumption of music.
    Aberdeen Geology and Petroleum Geology graduate, Dr Ian Brightmore, will be the lead for energy. He returns to the University, where he also obtained his PhD, with 15 years of international operator experience in the UK continental shelf, Norwegian continental shelf, Kurdistan and Barents.  
    Ian worked as geologist with ExxonMobil in Norway and Houston before returning to Aberdeen to take a position with Canadian Natural Resources (CNR) and has worked for numerous international operators since in the capacity of exploration geologist.
    Dr Liz Rattray, University of Aberdeen Interim Chief Operating Officer and Director of Research and Innovation, said: “There is an abundance of cutting-edge research being carried out at the University of Aberdeen which could have real and immediate benefits for industry.
    “The challenge is having key individuals in place with an overview of vital areas – such as energy, health and life science and digital and creative industries – who can act as a single point of contact between industry requirements and our researchers they could be collaborating with.
    “The appointment of our three new business development executives to cover these key industry sectors is crucial to maximising collaboration, fostering long-term industry links and promoting the expertise that the University of Aberdeen boasts – to the benefit of all parties.”
    Professor Peter Edwards, Vice-Principal for Regional Engagement, said: “These appointments demonstrate the University’s ongoing support for the region’s ambition to be an innovation-driven economy, leveraging our world-class research expertise to support business.
    The University of Aberdeen hosts the largest concentration of academic researchers in the North of Scotland and the new business development executives will work with industry to understand their problems, before connecting them to the relevant academic experts, and providing advice on the most appropriate mechanism to facilitate joint work.”
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    MIL OSI United Kingdom –

    March 22, 2025
  • MIL-OSI Canada: Defence Minister Bill Blair meets with British Secretary of State for Defence Grant Shapps

    Source: Government of Canada News (2)

    September 18, 2023 – London, United Kingdom – National Defence / Canadian Armed Forces

    Today, the Honourable Bill Blair, Minister of National Defence, met with the United Kingdom’s Secretary of State for Defence, Grant Shapps in London.

    Minister Blair congratulated Secretary Shapps on his recent appointment and noted that he looks forward to building upon the excellent defence relationship between Canada and the United Kingdom. Minister Blair and Secretary Shapps condemned Russia’s ongoing, illegal and unjustifiable war of aggression against Ukraine, and discussed the ongoing collaboration between Canada and the United Kingdom to support Ukraine.

    Through Operation UNIFIER, approximately 170 Canadian Armed Forces members are deployed in the United Kingdom, where they have trained 2,600 Ukrainian recruits in collaboration with the British Operation INTERFLEX. Minister Blair visited Camp Lydd on September 17, 2023, and saw first-hand how Canadian and British military members are working together. In addition, a Royal Canadian Air Force detachment is currently deployed in Prestwick, Scotland. The detachment operates three CC-130 Hercules aircraft and has delivered over 11 million pounds of Ukraine-bound military aid donated by Canada, partners, and allies.

    As Minister Blair announced on September 17, 2023, Canada is also contributing $33 million (CAD) to the British-led partnership delivering high priority air defence equipment to Ukraine. Secretary Shapps welcomed this announcement, and both Minister Blair and Secretary Shapps looked forward to future collaboration between Canada and the United Kingdom in support of Ukraine.

    Minister Blair discussed Canada’s ongoing efforts to update its defence policy and noted that several of Canada’s investments in military capabilities involve close collaboration with the United Kingdom. Through a $1.168 billion contract awarded in December 2022 to Leonardo United Kingdom Ltd, Canada is upgrading its Cormorant search and rescue helicopter fleet. In addition, Canada is investing in 15 new Canadian Surface Combatant warships, whose design will be based on BAE’s Type 26 warship, bolstering interoperability between the Royal Canadian Navy and the Royal Navy.

    Minister Blair and Secretary Shapps also noted the ongoing participation of the Canadian and British militaries in joint exercises. More than 140 Royal Canadian Air Force personnel are currently participating in Exercise COBRA WARRIOR 23-2, a British-hosted multinational live-fly exercise held at Royal Air Force (RAF) station Waddington in the United Kingdom. The United Kingdom’s Royal Air Force is also participating in the ongoing Canadian-led Exercise CUTLASS FURY 2023 off the coast of Nova Scotia.

    The two counterparts agreed to stay in close communication and looked forward to working together.

    Quick Facts

    • The defence and security relationship between Canada and the UK is rooted in history and fostered by the fact that Canada and the UK are Allies in NATO and engage in close cooperation in international organizations, including the United Nations and the Commonwealth, among others.
    • The deep bond between Canada and the UK has been forged in peace and war, notably through the two World Wars, Korea, and in almost every major conflict for more than a century, including Afghanistan and Libya.
    • 170 Canadian Armed Forces members are deployed to the UK through Operation UNIFIER.
    • Since the beginning of 2022, Canada has committed over $8 billion in aid to Ukraine, including over $1.8 billion in military assistance. 
    • This includes AIM-7 missiles, 155mm and 105mm artillery ammunition, Leopard 2A4 main battle tanks and an armoured recovery vehicle, a National Advanced Surface-to-Air Missile System (NASAMS) with associated munitions, 39 armoured combat support vehicles, anti-tank weapons, small arms, M777 howitzers and associated ammunition, high-resolution drone cameras, winter clothing, and more. 

     

    Associated Links

    MIL OSI Canada News –

    March 22, 2025
  • MIL-OSI: LambdaTest launches Firebase App Distribution Support for Seamless Real Device Testing

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, March 21, 2025 (GLOBE NEWSWIRE) — LambdaTest, a unified agentic AI and cloud engineering platform has introduced a new integration with Firebase App Distribution. This update enables development and QA teams to directly install and test Firebase-distributed apps on LambdaTest’s real device cloud, eliminating the need for manual uploads and accelerating the feedback cycle.

    By connecting their Firebase account to LambdaTest, users can seamlessly sync projects and app releases, collaborate with teammates, and start real-time testing sessions on actual Android and iOS devices. This reduces context switching and ensures that the exact build distributed via Firebase is the one being tested.

    Unlike traditional methods involving simulators or local devices, this integration allows for secure OAuth-based authentication, project sharing, and synced app versions—all within a few clicks. With access to 10,000+ real devices in the cloud, teams can test Firebase-distributed apps both manually and through automation, ensuring functionality and performance in real-world conditions.

    This feature is particularly helpful for teams working across distributed environments, where ensuring consistency between shared builds and tested versions is critical. Whether it’s catching UI issues, verifying release candidates, or collaborating with testers, the integration streamlines the process from distribution to testing.

    “Testing should never slow down innovation,” said Mayank Bhola, Co-founder and Head of Product at LambdaTest. “With this Firebase integration, we’re making it easier for teams to move faster while staying aligned—testing directly on real devices using the same builds shared for review.”

    With this update, LambdaTest strengthens its commitment to providing developers and QA teams with tools that simplify testing, boost collaboration, and ensure product quality from build to release.

    To learn more about how to test apps installed from Firebase using LambdaTest, visit: https://www.lambdatest.com/real-device-cloud

    About LambdaTest

    LambdaTest is an AI-native, omnichannel software quality platform that empowers businesses to accelerate time to market through intelligent, cloud-based test authoring, orchestration, and execution. With over 15,000 customers and 2.3 million+ users across 130+ countries, LambdaTest is the trusted choice for modern software testing.

    • Browser & App Testing Cloud: Enables manual and automated testing of web and mobile apps across 10,000+ browsers, real devices, and OS environments, ensuring cross-platform consistency.
    • HyperExecute: An AI-native test execution and orchestration cloud that runs tests up to 70% faster than traditional grids, offering smart test distribution, automatic retries, real-time logs, and seamless CI/CD integration.
    • KaneAI: The world’s first GenAI-native testing agent, leveraging LLMs for effortless test creation, intelligent automation, and self-evolving test execution. It integrates directly with Jira, Slack, GitHub, and other DevOps tools.

    For more information, please visit, https://lambdatest.com

    The MIL Network –

    March 22, 2025
  • MIL-OSI: BexBack Launches No KYC, 100x Leverage Crypto Futures Trading for All, Double Deposit Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — Following President Donald Trump’s announcement to include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) in the U.S. Strategic Crypto Reserve, the cryptocurrency market has experienced significant volatility. The Federal Reserve’s stance on cryptocurrencies has remained largely unchanged. As a result, analysts predict continued fluctuations in the market. Simply holding spot positions may not generate profits in such an environment. 100x leverage futures trading has become the preferred tool for experienced investors looking to maximize returns from market volatility. To meet the growing demand, BexBack Exchange is offering exclusive promotions:

    • 100% Deposit Bonus – Double your funds instantly.
    • $50 Welcome Bonus – Available for new users after completing their first trade.
    • 100x Leverage on Crypto Trading – Maximize your potential profits.
    • No KYC Required – Start trading immediately without identity verification.

    What Is 100x Leverage and How Does It Work?

    100x leverage allows traders to open significantly larger positions with a small amount of capital. Here’s an example:

    • Suppose Bitcoin is priced at $100,000, and a trader opens a 1 BTC long position using 100x leverage.
    • The actual trading position would be equivalent to 100 BTC.
    • If Bitcoin rises to $105,000, the profit calculation would be:
      (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, resulting in a 500% return.

    With BexBack’s 100% deposit bonus, traders can amplify their profits even further:

    • If the initial deposit is 2 BTC, the bonus doubles it to 4 BTC.
    • Under the same scenario, the profit would increase to 10 BTC, making the return on investment an impressive 1000%.

    It is important to note that while leverage increases profit potential, it also comes with the risk of liquidation, so risk management is essential.

    How Does the 100% Deposit Bonus Work?

    BexBack’s 100% deposit bonus cannot be directly withdrawn but can be used to open larger trading positions and increase profit potential. During times of significant market fluctuations, the bonus can also serve as additional margin, helping reduce the risk of liquidation.

    About BexBack

    BexBack is a leading platform offering 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It’s trusted by 500,000+ traders worldwide and provides:

    • No KYC Required – Start trading immediately, no complex verification needed.
    • 100% Deposit Bonus – Double your capital and increase your profit potential.
    • High-Leverage Trading – Trade with up to 100x leverage for enhanced capital efficiency.
    • $50 Welcome Bonus – New users receive $50 after completing one trade within one week of registration.
    • Demo Account – Practice risk-free trading with 10 BTC in virtual funds.
    • Comprehensive Trading Options – Trade via Web and mobile applications with advanced tools.
    • Fast, Precise Execution – No slippage, no spread, and seamless trading.
    • Global 24/7 Support – Dedicated customer service available anytime, anywhere.
    • Lucrative Affiliate Program – Earn up to 50% commission on referred traders’ fees.

    Sign up today to claim your 100% deposit bonus and $50 welcome bonus, and start trading with 100x leverage!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack.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. 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. 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.Speculate only with funds that you can afford to lose.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.

    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 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1266ae45-cedf-4a51-8364-55f9da3af7a8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/231a4aa3-ddea-464f-8058-239958757083

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e412633b-80e1-4822-b7b7-e8ce0c30da3c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/640532ce-49d1-4df2-851b-43251ffb8fc0

    The MIL Network –

    March 22, 2025
  • MIL-OSI: XRP News: XploraDEX Set to Bring AI-Powered Trading Algorithm to XRP Ledger – Don’t Miss The $XPL Presale!

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 21, 2025 (GLOBE NEWSWIRE) — The XRP Ledger has long been a leader in speed, efficiency, and low fees, but there’s been one critical missing piece, a truly intelligent, AI-powered trading platform. While other blockchains have leveraged AI to dominate DeFi, XRP traders have been left behind until now.

    XploraDEX is here to change that! As the first AI-powered decentralized exchange (DEX) built on XRPL, XploraDEX is set to revolutionize XRP trading by bringing machine-learning-driven automation, predictive analytics, and high-speed execution to every trader.

    And here’s the kicker the $XPL PreSale is Live, and smart investors are already securing their positions! Don’t wait until AI trading becomes the new normal—get in early and stay ahead of the curve!

    GET XPL TOKENS NOW

    Why XRP Desperately Needs an AI-Powered Trading Platform

    The manual trading method is broken. The crypto markets are fast, volatile, and unforgiving. Human traders are constantly fighting against bots, institutions, and high-frequency trading algorithms, making it nearly impossible to stay consistently profitable.

    Here’s why XRP traders have been struggling:

    Emotional Trading – Fear, greed, and FOMO lead to bad decisions and lost profits.

    Slow Execution – By the time you react to market moves, it’s too late.

    Missed Opportunities – The best trades happen in milliseconds, far faster than any human can execute.

    High Market Volatility – Without AI-driven insights, it’s easy to get liquidated or stuck in bad trades.

    This is why AI trading has taken over traditional finance—and now, it’s finally coming to XRPL!

    PARTICIPATE IN $XPL PRESALE

    How XploraDEX Fixes XRP Trading Forever

    XploraDEX brings AI-powered automation to XRP trading, solving all of the major pain points that have been holding traders back. With $XPL Token at its core, XploraDEX allows traders to:

    Trade Like the Pros – AI-driven algorithms execute trades at optimal price points with lightning speed.

    Stay Ahead of Market Trends – Predictive analytics scan real-time data to find the best opportunities.

    Eliminate Human Error – Let AI remove emotions, hesitation, and indecision from your trades.

    Capitalize on Arbitrage & High-Frequency Trading (HFT) – AI bots detect price inefficiencies across XRPL and exploit them instantly.

    Optimize Liquidity & Minimize Slippage – AI automatically manages liquidity pools to ensure smooth, cost-effective trading.

    $XPL Pre-Sale Round is Live!

    The XPL Token Presale is already attracting major interest, early investors will gain first-mover advantages!

    Buy $XPL Tokens Now: https://sale.xploradex.io

    In Conclusion

    The biggest winners in crypto are the ones who position themselves early before the masses catch on. XPL holders will have access to the most powerful AI trading tools in XRP DeFi. the whales are already accumulating.

    Don’t wait until AI is the new standard—Participate in $XPL Presale Round now and stay ahead: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/bc09bbb6-8b0e-494a-aa58-7161b4f9d8b3

    The MIL Network –

    March 22, 2025
  • MIL-OSI Global: How AI can (and can’t) help lighten your load at work

    Source: The Conversation – UK – By Akhil Bhardwaj, Associate Professor (Strategy and Organisation), School of Management, University of Bath

    SObeR 9426/Shutterstock

    Legend has it that William Tell shot an apple from his young son’s head. While there are many interpretations of the tale, from the perspective of the theory of technology, a few are especially salient.

    First, Tell was an expert marksman. Second, he knew his bow was reliable but understood it was just a tool with no independent agency. Third, Tell chose the target.

    What does all this have to do with artificial intelligence? Metaphorically, AI (think large language models or LLMs, such as ChatGPT) can be thought of as a bow, the user is the archer, and the apple represents the user’s goal. Viewed this way, it’s easier to work out how AI can be used effectively in the workplace.

    To that end, it’s helpful to consider what is known about the limitations of AI before working out where it can – and can’t – help with efficiency and productivity.

    First, LLMs tend to create outcomes that are not tethered in reality. A recent study showed that as much as 60% of their answers can be incorrect. Premium versions even incorrectly answer questions more confidently than their free counterparts.

    Second, some LLMs are closed systems – that is, they do not update their “beliefs”. In a mutable world that is constantly changing, the static nature of such LLMs can be misleading. In this sense, they drift away from reality and may not be reliable.

    What’s more, there is some evidence that interactions with users lead to a degradation in performance. For example, researchers have found that LLMs become more covertly racist over time. Consequently, their output is not predictable.

    Third, LLMs have no goals and are not capable of independently discovering the world. They are, at best, just tools to which a user can outsource their exploration of the world.

    Finally, LLMs do not – to borrow a term from the 1960s sci-fi novel Stranger in a Strange Land – “grok” (understand) the world they are embedded in. They are far more like jabbering parrots that give the impression of being smart.

    Think of the ability of LLMs to mine data and consider statistical associations between words, which they use to mimic human speech. The AI does not know what statistical association between words mean. It does not know that the crowing of the rooster does not lead to a sunrise, for example.

    Of course, an LLM’s ability to mimic speech is impressive. But the ability to mimic something does not mean it has the attributes of the original.

    Lightening the workload

    So how can you use AI more effectively? One thing it can be useful for is critiquing ideas. Very often, people prefer not to hear criticism and feel a loss of face when their ideas are criticised – especially when it happens in public.

    But LLM-generated critiques are private matters and can be useful. I have done so for a recent essay and found the critique reasonable. Pre-testing ideas can also help avoid blind spots and obvious errors.

    Second, you can use AI to crystallise your understanding of the world. What does this mean? Well, because AI does not understand the causes of events, asking it questions can force you to engage in sense-making. For example, I asked an LLM about whether my university (Bath) should widely adopt the use of AI.

    While the LLM pointed to efficiency advantages, it clearly did not understand how resource are allocated. For example, administrative staff who are freed up cannot be redeployed to make high-level strategic decisions or teach courses. AI has no experience in the world to understand that.

    Third, AI can be used to complement mundane tasks such as editing and writing emails. But here, of course, lies a danger – users will use LLMs to write emails at one end and summarise emails at the other.

    You should consider when a clumsily written personal email might be a better option (especially if you need to persuade someone about something). Authenticity is likely to start counting more as the use of LLMs becomes more widespread. A personal email that uses the right language and appeals to shared values is more likely to resonate.

    Fourth, AI is best used for low-stakes tasks where there is no liability. For example, it could be used to summarise a lengthy customer review, answer customer questions that are not related to policy or finance, generate social media posts, or help with employee inductions.

    Where decisions might have serious consequences, human input is better.
    M Stocker/Shutterstock

    Consider the opposite case. In 2022, an LLM used by Air Canada misinformed a passenger about a fee – and the passenger sued. The judge held the airline liable for the bad advice. So always think about liability issues.

    Fans of AI often advocate it for everything under the sun. Yet frequently, AI comes across as a solution looking for a problem. The trick is to consider very carefully if there is a case for using AI and what the costs involved might be.

    Chances are, the more creative your task is, or the more unique it is, and the more understanding it requires of how the world works, the less likely it is that AI will be useful. In fact, outsourcing creative work to AI can take away some of the “magic”. AI can mimic humans – but only humans “grok” what it is to be human.

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

    – ref. How AI can (and can’t) help lighten your load at work – https://theconversation.com/how-ai-can-and-cant-help-lighten-your-load-at-work-252663

    MIL OSI – Global Reports –

    March 22, 2025
  • MIL-OSI China: China Focus: China accelerates AI adoption to transform medical services

    Source: China State Council Information Office 2

    From triage and testing to diagnostics and surgeries, China’s healthcare sector is rapidly integrating AI technology into medical practices to improve efficiency and upgrade quality.
    At the 2025 China Medical Equipment Exhibition in mid-March, the Longwood Valley MedTech unveiled its ROPA orthopedic smart surgical robot, a groundbreaking device packed with AI deep learning features. Like a super-smart assistant for doctors, it helps with preoperative decision-making and planning.
    The robot can be used in joint replacement and spinal surgeries with its AI system being able to reconstruct the 3D model of the human joint based on the patient’s CT images, allowing doctors to simulate the surgery in advance and formulate preoperative plans, said Chen Peng, vice president of the company.
    “Manual modeling usually takes a technician a whole day, while our AI system can complete it in just one to three minutes,” Chen added.
    He explained that the company’s AI system had already been applied in surgical practices at many hospitals across the country, significantly improving surgeries’ efficiency, safety, and accuracy.
    Using AI-powered robots can cut the average surgical time by 30 percent, resulting in less anesthesia duration, lower intraoperative exposure risks, and a lower probability of complications, Chen said.
    Beijing Children’s Hospital’s first AI pediatrician, who joined the medical team in February of this year, also offered a helping hand.
    During a joint consultation held at the hospital, ten children from across the country, each battling complex tumors or undiagnosed conditions, received diagnoses from both the AI pediatrician and a panel of medical experts. The AI pediatrician’s treatment recommendations aligned closely with the expert panel’s.
    “I trust doctors’ judgments, and I also think the opinion of the AI pediatrician can be a valuable reference,” said a Tianjin father who brought his child for the consultation.
    The medical knowledge of the AI pediatrician matches that of experts at top Chinese hospitals. In recent consultations on tough cases, its conclusions were highly consistent with human experts, according to Wang Xiaochuan, founder and CEO of Baichuan AI, the developer of the AI pediatrician.
    “With AI colleagues, we can better protect the health and lives of children,” said Ni Xin, hospital president, where some 8,000 to 10,000 outpatient and emergency cases are handled daily.
    This AI program is expected to expand to primary-level hospitals, communities and households. It will offer on-site training for local doctors and guide home-based medical care to ease the shortage of top-notch pediatric medical resources.
    So far, Chinese domestic enterprises have released over 50 AI healthcare vertical large models, according to a recent report by CITIC Securities. These models can alleviate the problem of insufficient grassroots medical resources and improve the efficiency of diagnosis and treatment at a lower cost.
    Triage and medical image interpretation are currently the primary scenarios among these large models. For instance, the AI-powered cognitive function analysis system used in Peking Union Medical College Hospital is designed for the early screening of patients and high-risk groups with brain cognitive impairments caused by stroke, Alzheimer’s disease, and Parkinson’s disease.
    The large model RuiPath at Ruijin Hospital, affiliated with the Shanghai Jiao Tong University School of Medicine, is applied to assist in analyzing pathology images. Developed by Huawei, this model integrates multimodal data and incorporates the disease characteristics of the Chinese population, providing pathologists with accurate and efficient support.
    Some 6,000 pathological slides are generated daily in Ruijin Hospital, with each doctor examining an average of 200 to 300 slides. Through traditional methods, doctors have to diagnose each slide under a microscope, a process that takes about 40 minutes per slide.
    However, using RuiPath’s interactive pathological diagnostics, the model can identify the lesion areas, reducing the diagnosis time for a single slide to mere seconds.
    Indeed, the application of AI will effectively ease the lack of pathologists in China, improve the slide examination efficiency and diagnostic accuracy, and provide more precise support for clinical treatment decisions, said Ning Guang, president of Ruijin Hospital.
    However, the ultimate goal of AI technology in healthcare is not to replace doctors, said Liu Zhongjun, director of the spinal surgery institute at Peking University Third Hospital.
    Instead, it should aim to relieve doctors of their repetitive tasks, allowing them to focus more on in-depth communication with patients and provide humanistic care, Liu said.
    Every technological iteration should be measured by its clinical value and underpinned by patient safety. Only in this way can this AI revolution truly safeguard human health and support the future of human well-being, he said. 

    MIL OSI China News –

    March 22, 2025
  • MIL-OSI: Kaltura Announces Stock Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) — Kaltura, Inc. (“Kaltura” or the “Company”) (Nasdaq: KLTR), the Video Experience Cloud, today announced that its Board of Directors has authorized a refreshed stock repurchase program for up to $15 million of the Company’s common stock.

    “Our renewed repurchase authorization underscores the Board’s continued confidence in our long-term strategy and its belief that our current share price continues to be undervalued relative to our long-term opportunity. We remain confident in our ability to continue to generate positive operating cash flow and are committed to strategically deploying capital where we believe it can generate shareholder value,” said Ron Yekutiel, Kaltura Chairman, President and Chief Executive Officer.

    Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of the Board of Directors. The Company currently expects to fund the repurchase program from existing cash and cash equivalents, short-term investments and/or future cash flows.

    The Company is also reaffirming its first quarter 2025 and full year 2025 Subscription Revenue, Total Revenue and Adjusted EBITDA guidance as was provided in the Company’s financial results press release for the fourth quarter and full year 2024, dated February 20, 2025.

    Financial Outlook:

    For the first quarter of 2025, Kaltura expects:

    • Subscription Revenue to grow by 5% – 7% year-over-year to between $43.4 million and $44.2 million.
    • Total Revenue to grow by 2% – 4% year-over-year to between $45.7 million and $46.5 million.
    • Adjusted EBITDA to be in the range of $2.5 million to $3.5 million.

    For the full year ending December 31, 2025, Kaltura expects:

    • Subscription Revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million.
    • Total Revenue to grow 1% – 2% year-over-year to between $179.9 million and $182.9 million.
    • Adjusted EBITDA to be in the range of $12.7 million to $14.7 million.

    The guidance provided above contains forward-looking statements and actual results may differ materially. Refer to “Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. Adjusted EBITDA is defined as net profit (loss) before financial expenses (income), net, provision for income taxes, and depreciation and amortization expenses, adjusted for the impact of certain non-cash and other items that we believe are not indicative of our core operating performance, such as non-cash stock-based compensation expenses, facility exit and transition costs, restructuring charges and other non-recurring operating expenses. Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net loss within this press release because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. The reconciliation for Adjusted EBITDA includes but is not limited to the following items: stock-based compensation expenses, depreciation, amortization, financial expenses (income), net, provision for income tax, and other non-recurring operating expenses. These items, which could materially affect the computation of forward-looking GAAP net loss, are inherently uncertain and depend on various factors, some of which are outside of the Company’s control. The guidance above is based on the Company’s current expectations relating to the macro-economic climate trends.

    About Kaltura
    Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment and monetization. For more information, visit  www.corp.kaltura.com. 

    Investor Contacts:
    Kaltura
    John Doherty
    Chief Financial Officer
    IR@Kaltura.com

    Sapphire Investor Relations
    Erica Mannion and Michael Funari
    +1 617 542 6180
    IR@Kaltura.com

    Media Contacts:
    Kaltura
    Nohar Zmora
    pr.team@kaltura.com

    Headline Media
    Raanan Loew
    raanan@headline.media
    +1 347 897 9276

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding the methods, amount and timing of, and sources of funding for, repurchases under the stock repurchase program, and the Company’s financial performance, including the Company’s first quarter and full year 2025 financial guidance.

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    The MIL Network –

    March 22, 2025
  • MIL-OSI Global: Defending humanitarian aid in terms of national security obscures its real purpose

    Source: The Conversation – USA – By Chen Reis, Associate Clinical Professor, Director, Humanitarian Assistance Program, & Director, Human Rights MA, University of Denver

    A woman scoops up portions of wheat to be allocated to each waiting family after it was distributed in the Tigray region of northern Ethiopia in 2021. AP Photo/Ben Curtis

    More than 305 million people require lifesaving humanitarian aid today. Most of them live in areas wracked by conflict, such as Sudan, Gaza, Afghanistan and the Democratic Republic of Congo.

    By many estimates, there is more need than ever for this assistance – and the need is growing. But humanitarian funding, which is primarily provided by governments, is declining. The Trump administration stopped disbursing nearly all U.S. humanitarian aid on Jan. 20, 2025. It made these cuts at a time when the Netherlands, the United Kingdom, France, Switzerland, Belgium and other wealthy countries are slashing their own aid spending.

    Judges have ruled that the U.S. government must rehire aid workers and make overdue payments for aid already delivered by nongovernmental companies, international agencies and private contractors. While legal disputes wend through the courts, these cuts are already having disastrous consequences for people in Afghanistan, Sudan and other places facing crises.

    As scholars who study humanitarian aid, we are seeing not just a crisis of funding but also one that jeopardizes the credibility of the entire global system that provides this lifesaving assistance.

    When conflict breaks out or a disaster like an earthquake strikes, people require emergency medical care, temporary shelter, food and water. In countries where the government is unable or unwilling to provide these services, humanitarian organizations and international agencies step in to fill the gaps. Humanitarian aid is based on empathy and the recognition that everyone has a right to live with dignity.

    When discussing the impacts of its aid freeze and challenging the Trump administration’s misinformation about the U.S. Agency for International Development, many NGOs and experts on humanitarian assistance have not focused on empathy and rights.

    They have in their defense of the agency responsible until now for most of the foreign aid the U.S. provides instead relied on arguments that appeal to U.S. national security, soft power and economic interests.

    Sen. Chris Coons, a Connecticut Democrat, has warned that China will benefit from the U.S. aid cutoff.

    “Our biggest global competitor and adversary is delighted that we’ve handed them an opportunity to say to communities and countries around the world that we are not a reliable partner,” Coons said.

    By highlighting geopolitical, security and economic arguments for humanitarian aid, in our view, they risk further hurting the sector’s legitimacy.

    Protesters rally in support of USAID in Washington on Feb. 5, 2025.
    Nathan Posner/Anadolu via Getty Images

    A ‘seismic shock’

    Tom Fletcher, who leads the United Nations’ humanitarian efforts, has called the Trump administration’s aid reduction “a seismic shock to the sector.” But the latest cuts are part of a longer-term trend.

    While needs have increased, humanitarian funding has been flat or declining for years, leaving millions of people who need food, health care, shelter and protection without the assistance they need.

    Every year, the U.N. assesses humanitarian need for the coming year and issues what amounts to a global budget request to meet those needs. Government donors commit funds toward that budget request, and those funds are then distributed to U.N. agencies and NGOs that implement humanitarian programming.

    Since 2016, the gap between funding requirements and funding commitments has grown. In 2024, the U.N. requested US$49.5 billion in humanitarian funding and received less than half, or $23.9 billion, with the U.S. contributing 41% of that amount.

    Until January 2025, the U.S. accounted for 35%-46% of total annual global humanitarian funding. The abrupt cutoff of funds has led to a scramble to pay for food for malnourished children in Sudan, health care for refugees from Myanmar, and maternal health services in Yemen.

    Without U.S. funding, the humanitarian work of the United Nations agencies and NGOs that deliver humanitarian aid in part funded by governments is in jeopardy.

    Because of the cuts, Catholic Relief Services and the International Rescue Committee, for example, have laid off staff and shuttered health clinics that prevent or treat infectious diseases like malaria and HIV/AIDS. They can no longer provide access to clean water and sanitation services or other lifesaving aid in many places where they work.

    Core principles violated

    Humanitarian groups have historically embraced a set of core principles that emphasize the alleviation of human suffering wherever it may occur while remaining independent, neutral and impartial.

    In conflict zones, these principles are essential for gaining access to people who need help. Aid workers build trust and acceptance by not picking sides in a conflict and providing aid based on need.

    Focusing on what benefits donor countries instead of what serves humanitarian needs in areas experiencing famine, disasters or conflicts is at odds with these principles. However, in January, U.S. Secretary of State Marco Rubio suggested that U.S. interests would decide how aid is allocated.

    “Every dollar we spend, every program we fund and every policy we pursue must be justified with the answer to three simple questions,” Rubio said. “Does it make America safer? Does it make America stronger? Does it make America more prosperous?”

    Since late January, the Trump administration has cut 83% of USAID’s programs, according to recent reports.

    Transactional arguments

    In March, the State Department sent a questionnaire to nongovernmental organizations and U.N. agencies asking how they will conform to President Donald Trump’s “America First” policy and distribute aid in alignment with foreign policy goals.

    Governments always consider their own interests as one factor when making decisions about humanitarian aid. But, we are concerned that humanitarian organizations and the public are not pushing back on these purely transactional arguments.

    Instead, some organizations seem to be falling in line.

    “This investment pays dividends by preventing humanitarian crises, containing disease outbreaks, and countering adversarial influence in vulnerable regions,” stated InterAction, an association of U.S.-based NGOs that distribute humanitarian aid and development assistance. “That’s why foreign aid has maintained decades of support across party lines — it is vital for U.S. security and international stability.”

    We also see in these comments signs that justifications for aid are changing.

    When former Secretary of State Colin Powell called nongovernmental organizations a “force multiplier” in 2001, it stirred controversy because he suggested that they were an extension of the government and a pillar of U.S. strategy. Even still, he acknowledged that NGOs required independence from government to do their essential work.

    An important choice

    Humanitarian organizations are grappling with the financial and operational consequences of their reliance on a small number of donor governments that have cut off or cut back aid. As they adjust to the new reality, we believe that they must make a choice.

    They can embrace the increasingly transactional agendas of the rich countries that have historically provided most humanitarian aid funding. Doing so may increase aid flows but compromise humanitarian neutrality and impartiality – potentially restricting their access to the places they need to go to do their work.

    Or they can focus on people affected by crises – as recipients of assistance and as agents of change. This option would likely mean operating on an even smaller budget at a time when needs are increasing.

    Either way, the decisions made today will have significant implications for the future of humanitarian action.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Defending humanitarian aid in terms of national security obscures its real purpose – https://theconversation.com/defending-humanitarian-aid-in-terms-of-national-security-obscures-its-real-purpose-252246

    MIL OSI – Global Reports –

    March 22, 2025
  • MIL-OSI Global: Digital imperialism: How US social media firms are using American law to challenge global tech regulation

    Source: The Conversation – USA – By Yasmin Curzi de Mendonça, Research associate, University of Virginia

    The CEOs of Meta, Amazon, Google and X — Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk — attend the inauguration of Donald Trump on Jan. 20, 2025. Photo by Ricky Carioti – Pool/Getty Images

    Social media platforms tend not to be that bothered by national boundaries.

    Take X, for example. Users of what was once called Twitter span the globe, with its 600 millions-plus active accounts dotted across nearly every country. And each of those jurisdictions has its own laws.

    But the interests of national regulatory efforts and that of predominantly U.S.-based technology companies often don’t align. While many governments have sought to impose oversight mechanisms to address problems such as disinformation, online extremism and manipulation, these initiatives have been met with corporate resistance, political interference and legal challenges invoking free speech as a shield against regulation.

    What is brewing is a global struggle over digital platform governance. And in this battle, U.S. platforms are increasingly leaning on American laws to challenge other nation’s regulations. It is, we believe as experts on digital law – one an executive director of a forum monitoring how countries implement democratic principles – a form of digital imperialism.

    A rumble in the tech jungle

    The latest manifestation of this phenomenon occurred in February 2025, when new tensions emerged between Brazil’s judiciary and U.S.-based social media platforms.

    Trump Media & Technology Group and Rumble filed a lawsuit in the U.S. against Brazilian Supreme Court Justice Alexandre de Moraes, challenging his orders to suspend accounts on the two platforms linked to disinformation campaigns in Brazil.

    The case follows earlier unsuccessful efforts by Elon Musk’s X to resist similar Brazilian rulings.

    Together, the cases exemplify a growing trend in which U.S. political and corporate actors attempt to undermine foreign regulatory authority by pressing the case that domestic U.S. law and corporate protections should take precedence over sovereign policies globally.

    From corporate lobbying to lawfare

    At the core of the dispute is Allan dos Santos, a right-wing Brazilian influencer and fugitive from justice who fled to the U.S. in 2021 after De Moraes ordered his preventive arrest for allegedly coordinating disinformation networks and inciting violence.

    Dos Santos has continued his online activities abroad. Brazil’s extradition requests have gone unanswered due to claims by U.S. authorities that the case involves issues of free speech rather than criminal offenses.

    Trump Media and Rumble’s lawsuit attempts to do two things. First, it seeks to frame Brazil’s judicial actions as censorship rather than oversight. And second, it seeks to portray the Brazilian court action as territorial overreach.

    Their position is that as the target of the action was in the U.S., they are subject to U.S. free speech protections under the First Amendment. The fact that the subject of the ban was Brazilian and is accused of spreading disinformation and hate in Brazil should not, they argue, matter.

    For now, U.S. courts agree. In late February, a Florida-based judge ruled that Rumble and Trump Media need not comply with the Brazilian order.

    Big Tech pushback to regulation

    The case signals an important shift in the contest over platform accountability – a move from corporate lobbying and political pressure to direct legal intervention in foreign jurisdictions. U.S. courts are now being used to challenge overseas decisions regarding platform accountability.

    The outcome and the broader legal strategy behind the lawsuit could have far-reaching implications not only for Brazil but for any country or region – such as the European Union – attempting to regulate online spaces.

    The resistance against digital regulation predates the Trump administration.

    In Brazil, efforts to regulate social media platforms have long faced substantial opposition. Big Tech companies – including Google, Meta and X – have used their economic and political influence to lobby against tighter regulation, often framing such policies as a threat to free expression.

    In 2020, the Brazilian “Fake News Bill,” which sought to hold platforms accountable for the spread of disinformation, was met with strong opposition from these companies.

    Google and Meta launched high-profile campaigns to oppose the bill, warning it would “threaten free speech” and “harm small businesses.” Google placed banners on its Brazilian homepage urging users to reject the legislation, while Meta ran advertisements questioning its implications for the digital economy.

    These efforts, alongside lobbying and political resistance, were successful in helping to delay and weaken the regulatory framework.

    Mixing corporate and political power

    The difference now is that challenges are blurring the line between the corporate and the political.

    Trump Media was 53% owned by the U.S. president before he moved his stake into a revocable trust in December 2024. Elon Musk, the free speech fundamentalist owner of X, is a de facto member of the Trump administration.

    Their ascent to power has coincided with the First Amendment being wielded as a shield against foreign regulations on digital platforms.

    Free speech protections in the U.S. have been applied unequally, allowing authorities to suppress dissent in some cases while shielding hateful speech in others.

    This imbalance extends to corporate power, with decades of legal precedent expanding protections for private interests. The case law cemented corporate speech protections, a logic later extended to digital platforms.

    U.S. free speech advocates in Big Tech and the U.S. government are seemingly escalating this trend to an even more extreme interpretation: that American free speech arguments can be deployed to resist the regulation of other jurisdictions and challenge foreign legal frameworks.

    For instance, in response to the European Union’s Digital Services Act, U.S. Federal Communications Commission Chairman Brendan Carr, a Trump appointee, expressed concerns that the act could threaten American free speech principles.

    Brazilian Supreme Court Justice Alexandre de Moraes, who has fought disinformation on tech platforms, attends a session of the country’s high court on Feb. 26.
    Ton Molina/NurPhoto via Getty Images

    Such an argument may have been fine if the same interpretation of free speech – and its appropriate protections – were universally accepted. But they are not.

    The concept of free speech varies significantly across nations and regions.

    Countries such as Brazil, Germany, France and others adopt what legal experts refer to as a proportionality-based approach to free speech, balancing it against other fundamental rights such as human dignity, democratic integrity and public order.

    Sovereign countries using this approach recognize freedom of expression as a fundamental and preferential right. But they also acknowledge that certain restrictions are necessary to protect democratic institutions, marginalized communities, public health and the informational ecosystem from harms.

    While the U.S. imposes some limits on speech – such as defamation laws and protection against incitement to imminent lawless action – the First Amendment is generally far more expansive than in other democracies.

    The future of digital governance

    The legal battle over platform regulation is not confined to the current battle between U.S.-based platforms and Brazil. The EU’s Digital Services Act and the Online Safety Act in the United Kingdom are other examples of governments trying to assert control over platforms operating within their borders.

    As such, the lawsuit by Trump Media and Rumble against the Brazilian Supreme Court signals a critical moment in global geopolitics.

    U.S. tech giants, such as Meta, are bending to the free speech winds coming out of the Trump administration. Musk, the owner of X, has given support to far-right groups overseas.

    And this overlap in the policy priorities of social media platforms and the political interests of the U.S. administration opens a new era in the deregulation debate in which U.S. free speech absolutists are seeking to establish legal precedents that might challenge the future of other nations’ regulatory efforts.

    As countries continue to develop regulatory frameworks for digital governance – for instance, AI regulation imposing stricter governance rules in Brazil and in the EU – the legal, economic and political strategies platforms employ to challenge oversight mechanisms will play a crucial role in determining the future balance between corporate influence and the rule of law.

    Camille Grenier is Executive Director at the Forum on Information and Democracy, a non-profit entity led by civil society organisations and mandated to implement democratic principles.

    Yasmin Curzi de Mendonça does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Digital imperialism: How US social media firms are using American law to challenge global tech regulation – https://theconversation.com/digital-imperialism-how-us-social-media-firms-are-using-american-law-to-challenge-global-tech-regulation-252116

    MIL OSI – Global Reports –

    March 22, 2025
  • MIL-OSI Global: Cuts to research into inequality, disparities and other DEIA topics harm science

    Source: The Conversation – USA – By H. Colleen Sinclair, Associate Research Professor of Social Psychology, Louisiana State University

    Scientists across the U.S. and in other countries have rallied in reaction to the Trump administration’s cuts to major science agencies. Mohamad Salaheldin Abdelg Alsayed/Anadolu via Getty Images

    When I taught research methods to undergraduates, I would start by asking whether anyone in the class had $20. Though harder to come by thanks to digital payment options, inevitably someone would produce a $20 bill. I would then ask whether they knew how the bill came to look the way it does. Students would take guesses – often rooted in history and counterfeiting concerns.

    While valid, the larger font and picture designs that came about in the 1990s and early 2000s were also the result of research intended to make the bills more accessible for the 3.5 million Americans with low vision. One of those Americans with low vision was a researcher on the team designing the new bill, experimental psychologist Gordon Legge.

    These changes made it easier for those low-vision Americans, their families and others around the world to read and use American dollars. In other countries, bills and coins come in different sizes that pertain to their value, making them much easier for people with low vision and the blind to use. Legge’s research saved Americans the cost of having to completely redesign the currency to come in different sizes.

    My goal in talking about the currency redesign with my students was to show them how research has shaped their lives, often in ways they didn’t even realize.

    Now, following President Donald Trump’s executive order on federal projects related to DEIA – diversity, equity, inclusion and accessibility – many research initiatives similar to the bill redesign project will lose funding.

    As a social psychologist, some of the studies I’ve worked on would be considered DEIA work. Social psychology as a field grew, in part, during World War II as researchers tried to understand bias-motivated atrocities such as the Holocaust.

    DEIA initiatives are projects that seek to reduce discrimination and promote equal opportunities and equal access in multiple spaces such as school and workplaces, as well as in legal, housing and medical systems.

    While frequently focused on those who have faced long-standing barriers to these resources – for example, racial and ethnic minorities and people with disabilities – the results of research related to DEIA are often applied to help all people achieve their potential.

    The Trump administration’s list of DEIA-related terms is so broad that it’s flagging non-DEIA related work for potential termination. I’ve heard many scientists discuss how their programs of research have been wrongfully included in the anti-DEIA sweeps because they use terms such as “biodiversity.”

    However, research that would be considered DEIA work has made influential contributions to society over the past few decades – it raises the question of whether any flagging is actually right. The backlash to anti-DEIA research seems to have started with criticism of DEI-related human resources training in workplaces. But the word list goes well beyond what would appear in HR training.

    DEIA research identifies the problems and proposes the solutions. Solutions such as translation services for the hearing impaired, parental leave for mothers and fathers, pay equity, time off for religious holidays and lactation rooms for nursing mothers all stem from what could be labeled DEIA research and advocacy.

    For instance, lactation rooms came about based on research into what working mothers needed to ease their return to work after pregnancy. This included research into breast pumps and even architectural research on how to best design these rooms.

    DEIA contributions

    DEIA work is nothing new – just the label is. After all, it was DEIA research in the 1950s that psychologists Kenneth and Mamie Clark presented to the Supreme Court to argue that school segregation harmed children, leading to the banning of the policy.

    Kenneth and Mamie Clark, left, with their two children. Research by the Clarks led to desegregation policies in school.
    Charlotte Brooks for Look Magazine and Brooks Archive

    This work continues today as new DEIA research reveals that schools are often still racially homogenous. That means many American students still go to schools where the student bodies are primarily white or primarily racial minorities. However, the reasons for these divides are no longer due to segregation being the law.

    In the 1970s, it was DEIA research that inspired the Education for All Handicapped Children Act of 1975 and led to the creation of special education practices for neurodiverse students. These practices have improved educational outcomes for students with dyslexia, ADHD, autism and a variety of other neurodiversities.

    And DEIA research is continuing to review and improve these practices today.

    Starting in the 1980s, it was also DEIA research that led to HIV/AIDS, a virus disproportionately affecting the LGBTQ+ community, no longer being a death sentence. Doctors now have a drug that prevents HIV, including preventing the transmission of HIV from mother to infant.

    Just today, I received a news alert about scientific breakthroughs in the neurological study of postpartum depression. Because “women” and “pregnant people” are on the list of terms flagged as DEIA-related, studies on postpartum depression could be considered DEIA.

    DEIA science on DEIA science

    It is DEIA science that has demonstrated how diverse research teams promote innovative performance. This research would suggest that America’s diversity may very well be one of the key elements shaping its prosperity.

    Some might say “of course DEIA research will show DEIA works,” but it is also DEIA research that critiques the limitations of training to reduce bias – such as human resources workshops intended to teach workers about inclusive language, cultural sensitivity or implicit bias. Other non-DEIA HR training also faces criticism.

    Scientists discuss these limitations, and the scientific process is constantly self-correcting as researchers search for better solutions. Recommendations about better training are proposed based on new research.

    For instance, racial colorblindness is an ideology that grew out of the civil rights era and a desire to treat individuals equally regardless of race. However, it has led to some problems where people say they ignore race when really they don’t. For instance, in one study looking at race and dating preferences, white people endorsing a colorblind ideology were actually more likely to say they wouldn’t date a Black person than those who didn’t endorse colorblindness.

    Many experts say that colorblindness is a flawed approach to talking about and understanding race and discrimination.

    Colorblindness can also make people feel uncomfortable bringing up race in any context. One study shows how young people, who are not yet wary of identifying people by race, can outperform adults, who avoid race, during a game of Guess Who.

    These studies are just some examples of DEIA science that showed the colorblindness approach is a mixed bag at best. Other times, it is harmful for minority groups and majority groups alike, or even backfires, making people more, not less, discriminatory and uncomfortable.

    Alleged alternatives to DEIA

    Despite its shortcomings, many prominent figures in the anti-DEIA movement have seemingly endorsed colorblindness.

    For example, Texas Gov. Greg Abbott created executive order GA-55 to end DEIA policies and institute a “color-blind” approach instead. Texas public universities had to eliminate DEIA offices and practices but not legacy admissions and scholarships that studies show disproportionately benefit white students.

    In his second inaugural address, Trump promised that his administration would “forge a society that is colorblind and merit-based.” While a meritocracy may sound good on paper, DEIA research has suggested that meritocracies don’t work in the current society.

    Meritocracies assume a level playing field and can ignore disparities, such as wealth, that may afford some more opportunities than others – social mobility between income levels is rare and can take generations.

    Hard work or talent does not compensate for imbalances in society as much as many people would like to believe.

    Where we stand

    Despite the anti-DEIA rhetoric present in American discourse, most Americans do not have negative attitudes toward DEIA; 52% even still think DEIA in the workplace is good. Most Americans, including white people, men and Republicans, also do not report having been harmed by DEIA policies. Overall, studies report that Americans value inclusivity.

    Ultimately, blanket bans on anything remotely DEIA harm advancement across scientific disciplines. The disparities DEIA research examines still exist – in courts, in schools, in jobs, in health, in housing and in violent victimization rates.

    Stopping cancer research because cancer prevention training doesn’t always work and sometimes backfires won’t stop cancer. Ignoring disparities will not make them go away. DEIA-related science is an ingrained part of the scientific enterprise, and cutting its funding could mean missing out on important breakthroughs.

    H. Colleen Sinclair does not personally have any DEIA-related federal grants but she has received foundation research funding for math education research that includes looking at how to close disparities in achievement. The statements and opinions included in this The Conversation article are solely the author’s. Any statements and opinions included in these pages are not those of the Social Research and Evaluation Center, the College of Human Sciences & Education, the Louisiana State University, or the LSU Board of Supervisors.

    – ref. Cuts to research into inequality, disparities and other DEIA topics harm science – https://theconversation.com/cuts-to-research-into-inequality-disparities-and-other-deia-topics-harm-science-252241

    MIL OSI – Global Reports –

    March 22, 2025
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