Category: Machine Learning

  • MIL-OSI: Kuaishou Kling AI Integrates DeepSeek, Lowering the Entry Barrier for AI-Powered Creative Content

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 17, 2025 (GLOBE NEWSWIRE) — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, recently announced the full integration of DeepSeek-R1 into its large video generation model, Kling AI. This integration enables users to effortlessly transform their creative ideas into professional prompts for video and image generation with DeepSeek’s assistance in generating or optimizing prompts, facilitating the creation of high-quality creative videos. In text-to-video scenarios, Kling AI DeepSeek Inspiration Version works seamlessly with the “Inspiration Word Bank” feature, providing users with granular control over scenes, lenses, shots, lighting, and atmosphere and thereby enhancing expressiveness.

    As a next-generation AI creative studio developed by Kuaishou, Kuaishou Kling AI has been continuously iterated and upgraded since its launch last year. While maintaining its lead in model capabilities and generation effects, Kuaishou Kling AI has unveiled an array of rich creation features and creative activities. The integration of DeepSeek will further lower the entry barrier for AI creative content and enhance creation efficiency.

    In December 2024, Kuaishou Kling AI officially launched the Kling AI 1.6 model, featuring upgraded video generation capabilities and significantly enhanced effects. Users can access the new features via the web portal (Chinese version: https://klingai.kuaishou.com; English version: https://klingai.com) or by searching for and downloading KLINGAI from the app store.

    About Kuaishou

    Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

    Forward-Looking Statements

    Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

    For investor and media inquiries, please contact:
    Kuaishou Technology
    Investor Relations
    Email: ir@kuaishou.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/67878873-5371-4b09-b951-63f292978c1b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bbd00047-a6cb-4395-b015-4e93b651da10

    The MIL Network

  • MIL-OSI: Baltic Horizon Fund publishes its NAV for February 2025

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) remained at a similar level and was EUR 0.6826 at the end of February 2025 (0.6834 as of 31 January 2025). The month-end total net asset value of the Fund was EUR 98.0 million (EUR 98.1 million as of 31 January 2025). The EPRA NRV as of 28 February 2025 stood at EUR 0.7266 per unit.

    In February 2025, the consolidated net rental income of the Fund remained at EUR 1.0 million (EUR 1.0 million in January 2025). In February the Fund signed an agreement with IWG to open a co-working concept SPACES in the area of 1,800 sq. m. on the third floor of Europa shopping center. Opening is planned in the beginning of 2026.

    At the end of February 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 8.3 million (31 January 2025: EUR 8.8 million).

    As of 28 February 2025, the total consolidated assets of the Fund were EUR 255.0 million (31 January 2025: EUR 255.4 million).

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

    The MIL Network

  • MIL-OSI Economics: Automotive dealers need to adapt to technological advancements to remain competitive, says GlobalData

    Source: GlobalData

    Automotive dealers need to adapt to technological advancements to remain competitive, says GlobalData

    Posted in Automotive

    The automotive industry is on the brink of a significant transformation as digital technologies reshape the way vehicles are bought and sold. The rise of online car buying platforms is not merely a trend; it represents a fundamental shift in consumer behavior and expectations. This shift was further accelerated by the COVID-19 pandemic, which prompted lockdowns and disrupted global supply chains, leading to a sharp decline in physical car sales. As consumer expectations evolve and technology continues to advance, both dealers and manufacturers must adapt to remain competitive, says GlobalData, a leading data and analytics company.

    Madhuchhanda Palit, Automotive Analyst at GlobalData, comments: “The transition to online car buying has fundamentally altered consumer expectations. Today’s buyers demand a seamless, digital-first experience akin to what they encounter in other retail sectors. This shift compels traditional dealerships to enhance their online presence and digital sales capabilities.

    “As consumers grow accustomed to the convenience of browsing and purchasing vehicles from home, dealerships must innovate to meet these new standards for transparency and accessibility. The challenge lies in balancing the trust and personal touch of in-person interactions with the efficiency of online transactions. Those who can successfully integrate these elements will likely thrive in this evolving market.”

    Technological advancements are at the forefront of the digital transformation in the automotive industry. The emergence of virtual showrooms, augmented reality (AR), and artificial intelligence (AI) is revolutionizing the car-buying experience.

    Virtual showrooms allow consumers to explore vehicles in immersive 360-degree views, while AR applications enable potential buyers to visualize cars in their own environments. AI-driven tools enhance personalization, guiding consumers through the buying process with tailored recommendations. These technologies not only improve the user experience but also streamline operations for dealerships, making the sales process more efficient. As these innovations continue to evolve, they will play a crucial role in shaping the future of automotive commerce.

    Palit continues: “Looking ahead, the automotive market is poised for considerable growth driven by the ongoing digital transformation. The integration of advanced technologies is expected to redefine purchasing methods, with predictions of even more sophisticated AI applications and enhanced online experiences. Traditional dealerships have the opportunity to adopt hybrid models that blend online convenience with the benefits of in-person service. Collaborations, such as Hyundai’s recent partnership with Amazon to facilitate online vehicle sales, exemplify how traditional players can adapt to this new landscape. As the industry embraces these changes, it is essential for stakeholders to remain agile and responsive to evolving consumer preferences.”

    Palit concludes: “The digital transformation of the automotive industry is not just a passing phase; it is a significant shift that will shape the future of the market. As the industry adapts to this digital revolution, both consumers and dealerships must navigate a new landscape that promises unprecedented convenience and efficiency.

    “The path forward will require a commitment to innovation, a focus on enhancing the customer experience, and an openness to new business models. While the future remains uncertain, the potential for growth and transformation in the automotive sector is considerable, paving the way for a more connected and efficient marketplace.”

    MIL OSI Economics

  • MIL-OSI Security: COMLOG WESTPAC Holds Awards Ceremony, March 13, 2025 [Image 11 of 11]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (Mar. 13, 2025) Rear Adm. Todd F. Cimicata, left, Commander, Logistics Group Western
    Pacific/Task Force 73 (COMLOG WESTPAC/CTF 73), names Master-at-Arms 1st Class Jonathan Wade,
    COMLOG WESTPAC Sailor of the Quarter (SOQ), during an awards ceremony on Sembawang Naval
    Installation, Mar. 13, 2025. COMLOG WESTPAC supports deployed surface units and aircraft carriers, along
    with regional Allies and partners, to facilitate patrols in the South China Sea, participation in naval exercises
    and responses to natural disasters. (U.S. Navy photo by Mass Communication Specialist 2nd Class Jordan Jennings/Released)

    Date Taken: 03.13.2025
    Date Posted: 03.14.2025 03:07
    Photo ID: 8915341
    VIRIN: 250313-N-YV347-1017
    Resolution: 7172×4781
    Size: 25.47 MB
    Location: SG

    Web Views: 13
    Downloads: 1

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    MIL Security OSI

  • MIL-OSI United Nations: UNECE Resource Management Week 2025: Advancing Sustainable Resource Governance for a Just Energy Transition 

    Source: United Nations Economic Commission for Europe

    As demand for critical mineral resources surges and energy transitions reshape economies, UNECE Resource Management Week 2025 is where global experts, policymakers and industry leaders will come together to shape the policies and strategies to support a more sustainable future for resource governance. 

    Strengthening Global Resource Governance with UNFC and UNRMS 

    As critical minerals become increasingly essential to the energy transition, the 16th Session of the Expert Group on Resource Management (24–28 March) will explore how to ensure transparent, sustainable, and responsible resource governance. Discussions will focus on the United Nations Framework Classification for Resources (UNFC) and UN Resource Management System (UNRMS) and their role in securing supply while balancing environmental and social concerns and implementing UNFC under the EU Critical Raw Material Act. The International Centres of Excellence on Sustainable Resource Management in Central Asia, Mexico, Russian Federation and UK will share their national and regional priorities to deploy and disseminate UNFC and UNRMS.  

    The session will also feature the Geneva Dialogues on Mineral and Metal Resources, with a Joint UNEP and UNECE side event focused on circular economy solutions and responsible mining practices. Lectures will bring fresh insights, including a discussion led by the Norwegian Offshore Directorate’s Stig-Morten Knutsen on the potential of seabed minerals for energy and industry, addressing both opportunities and environmental risks. Other sessions will explore AI’s role in resource management and women’s leadership in resource management. The FutuRaM annual event on 26 March will highlight advancements in secondary raw materials (SRMs) management, showcasing two years of research on how urban mining and anthropogenic resources can strengthen supply chains. Experts will discuss how the latest Urban Mine Platform updates can support informed decision-making in resource management. 

    With competition for minerals intensifying, EGRM-16 will play a role in shaping policies that secure resources responsibly while advancing long-term sustainability goals. 

    Two Decades of Advancing Mine Safety, Methane Management, and Just Transition 

    As pressure mounts to curb methane emissions and phase out coal, UNECE’s Group of Experts on Coal Mine Methane and Just Transition will mark its 20th session (24–25 March 2025) by unveiling new tools for methane abatement and discussing ways to integrate emission reductions into national climate targets (NDCs). With mine closures accelerating, experts will present business models from Poland and Spain that repurpose sites for clean energy. Just transition strategies in Tajikistan and Uzbekistan will also highlight efforts to support coal-dependent communities. The session underscores the growing urgency to align mine safety, environmental goals, and economic resilience in the energy transition. 

    UNECE to Tackle Gas Sector’s Role in Energy Security and Climate Action

    The 12th Session of the UNECE Group of Experts on Gas (GEG-12) will address the future of gas in a rapidly evolving landscape. Discussions will focus on biogases as alternatives to fossil fuels, hydrogen infrastructure, and resilience amid supply shocks. For the first time, Just Transition in the gas sector will be explored, alongside new methane reduction measures 

    Driving Partnerships for a Just and Sustainable Energy Transition 

    The UNECE Resource Management Week 2025 will also highlight collaborations with the European Commission, World Bank, and UNDP on methane reduction and hydrogen projects, as well as partnerships with the UN Country Teams and the Issue-Based Coalition on Environment and Climate Change to shape coherent just transition policies. With a focus on practical solutions and innovation, the event aims to accelerate the energy transition in a fair, inclusive, and sustainable way. 

    MIL OSI United Nations News

  • MIL-OSI Security: CTG 73.6, RTN Dive Unit Commence Joint Exercise Cobra Gold 2025 [Image 1 of 9]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SATTAHIP, Thailand (Feb. 24, 2025) Divers from the U.S. Navy, Royal Thai Navy (RTN), and Republic of Korea (ROK) Navy assigned to Commander, Task Group 73.6/Mobile Diving and Salvage Unit 1-6 (CTG 73.6/MDSU 1-6), RTN Dive Unit, and ROK Navy Underwater Construction Team, pose for a group photo during Joint Exercise Cobra Gold 2025 in Thailand, Feb. 24, 2025. Commander, Logistics Group Western Pacific/ Task Force 73 (COMLOGWESTPAC/CTF 73) sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 02.24.2025
    Date Posted: 03.17.2025 10:56
    Photo ID: 8919742
    VIRIN: 250224-N-ED646-1016
    Resolution: 8000×5333
    Size: 2.93 MB
    Location: SATTAHIP, TH

    Web Views: 1
    Downloads: 0

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    MIL Security OSI

  • MIL-OSI Security: CTG 73.6, RTN Dive Unit, ROKN UTC Conduct Joint Exercise Cobra Gold 2025 [Image 8 of 12]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SATTAHIP, Thailand (Feb. 25, 2025) A Royal Thai Navy (RTN) diver, assigned to RTN Dive Unit, practices the Kerie Cable exothermic cutting method with U.S. Navy divers, assigned to Commander, Task Group 73.6/Mobile Diving and Salvage Unit 1-6 (CTG 73.6/MDSU 1-6), and Republic of Korea (ROK) Navy divers, assigned to ROK Navy Underwater Construction Team, during Joint Exercise Cobra Gold 2025 in Thailand, Feb. 25, 2025. Commander, Logistics Group Western Pacific/ Task Force 73 (COMLOGWESTPAC/CTF 73) sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 02.25.2025
    Date Posted: 03.17.2025 11:07
    Photo ID: 8919759
    VIRIN: 250225-N-ED646-1403
    Resolution: 8640×5760
    Size: 2.87 MB
    Location: SATTAHIP, TH

    Web Views: 0
    Downloads: 0

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    MIL Security OSI

  • MIL-OSI Security: CTG 73.6, RTN Dive Unit, ROKN UTC Conduct Joint Exercise Cobra Gold 2025 [Image 1 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SATTAHIP, Thailand (Feb. 26, 2025) U.S. Navy Divers, assigned to Commander, Task Group 73.6/Mobile Diving and Salvage Unit 1-6 (CTG 73.6/MDSU 1-6), prepare dive equipment prior to underwater exothermic cutting drills as part of Joint Exercise Cobra Gold 2025 in Thailand, Feb. 26, 2025. Commander, Logistics Group Western Pacific/ Task Force 73 (COMLOGWESTPAC/CTF 73) sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 02.26.2025
    Date Posted: 03.17.2025 11:11
    Photo ID: 8919787
    VIRIN: 250226-N-ED646-1003
    Resolution: 8640×5760
    Size: 2.62 MB
    Location: SATTAHIP, TH

    Web Views: 0
    Downloads: 0

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    MIL Security OSI

  • MIL-OSI Security: CTG 73.6, RTN Dive Unit, ROKN UTC Conduct Joint Exercise Cobra Gold 2025 [Image 4 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SATTAHIP, Thailand (Feb. 26, 2025) U.S. Navy Diver 1st Class Blake Goins, center left, assigned to Commander, Task Group 73.6/Mobile Diving and Salvage Unit 1-6 (CTG 73.6/MDSU 1-6), assists a Republic of Korea (ROK) Navy diver, assigned to ROK Navy Underwater Construction Team, with donning a diving mask prior to exothermic cutting drills as part of Joint Exercise Cobra Gold 2025 in Thailand, Feb. 26, 2025. Commander, Logistics Group Western Pacific/ Task Force 73 (COMLOGWESTPAC/CTF 73) sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 02.26.2025
    Date Posted: 03.17.2025 11:11
    Photo ID: 8919790
    VIRIN: 250226-N-ED646-1190
    Resolution: 8640×5760
    Size: 2.63 MB
    Location: SATTAHIP, TH

    Web Views: 0
    Downloads: 0

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    MIL Security OSI

  • MIL-OSI: Cyver Core Reports 50% Reduction in Pentest Reporting Time with Generative AI

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, March 17, 2025 (GLOBE NEWSWIRE) — Cyver Core (Cyver BV) reports business results for cybersecurity teams leveraging automation with GenAI. 

    “Cyver Core delivered a Generative AI product to our users in 2024 and since then, we’ve seen significant results on time-savings, especially across enterprise teams. Reporting obligations are greatly reduced, freeing up skilled labor for value-added tasks and reducing the need for additional hires inside over-burdened teams,” said Luis Abreu, CEO of Cyver Core. “Those cost savings can’t be ignored in a world where the World Economic Forum predicts we have a shortage of some 4 million cybersecurity professionals.”  

    Cybersecurity teams are under more time pressure than ever 
    Today, the World Economic Forum suggests that there’s a global shortage of some 4 million cybersecurity professionals. 67% of organizations report a moderate-to-critical skills gap in cybersecurity. New threats like AI-driven attacks and the option to generate malware mean attacks have increased as much as 7x, leaving cybersecurity teams stretched. Attacks on open-source supply chains have also increased by as much as 700% over the last 3 years. 

    That’s further stretched by recent changes to global cybersecurity regulation, most notably the European Union’s NIS2 and Cyber Resilience Act, the US National Cybersecurity Strategy, and even the Singapore Operational Technology Cybersecurity Masterplan. Those regulations increase the burden for cybersecurity testing inside of organizations, especially critical infrastructure, while shifting personal responsibility to cybersecurity leads. 

    Much of what cybersecurity teams spend their time on is not cybersecurity 
    Despite the shortage in skilled labor, many cybersecurity teams still invest a significant portion of time into overhead work. One survey showed that 20-60% of pentest project time is spent on reporting. Cybersecurity professionals spend an average of 2-14 hours per cybersecurity assessment on reporting. With red teaming and threat-led pentesting, those timelines can increase by 35% or more. 

    Many of those reports are 100+ pages and must be further broken down as a second step to enable remediation and fixes. Inside organizations, cybersecurity teams spend 20%+ of their time manually managing findings. 

    Reducing time spent on overhead and reporting with GenAI
    With Cyver Core’s generative AI solutions, that time expenditure drops by 85%. Where teams without Cyver Core report spending 50-70% of reporting time on copy paste, teams using Cyver Core reduce that to just 16-20%. Cyver Core’s generative AI product for pentest reporting writes custom descriptions, remediation information, and is able to generate drafts from lists of information. Using it, cybersecurity professionals report that time writing unique content goes from 20-70% of report time to 20%. In addition, the total time per report drops from 4-14 hours to 2-5 hours, saving 50% across even the most complex of reporting projects. 

    Those time savings are consistent across 50+ initial adopters, including multiple enterprise teams encompassing Fortune 100s. Across the full group, users saw an average 50% reduction in time-to-report, with 79% of cybersecurity teams saying they were able to complete more projects. 

    About Cyver Core 
    At Cyver Core, we deliver pentest report automation and pentest management through a cloud platform. With tools to automate overhead like reporting plus workflows and team management, Cyver Core is designed around the needs of pentest teams to take the focus off managing work and bring it back to cybersecurity and remediation.

    Contact

    Founder / CEO
    Luis Abreu
    Cyver BV
    hello@cyver.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d9f575f-bf06-4957-9172-d7030b2d2f28

    The MIL Network

  • MIL-OSI: Key advantages of investing in Bajaj Finserv Consumption Fund

    Source: GlobeNewswire (MIL-OSI)

    PUNE, India, March 17, 2025 (GLOBE NEWSWIRE) — India’s evolving consumption landscape offers opportunity to investors, thanks to a growing middle class and shifting consumer habits. The Bajaj Finserv Consumption Fund stands as a gateway for those looking to capitalize on this surge. By strategically investing in key sectors poised for growth, this fund targets long-term potential gains driven by rising domestic consumption.

    India’s consumption wave

    The consumption boom in India is powered by a union of socio-economic changes. As more people enter the middle class with increased purchasing power, the demand for a diverse range of goods and services is expected to grow. This transformation is shaped by several trends:

    Rising affluence: India is seeing a shift toward more affluent consumers, who are now prioritizing quality over quantity in their purchasing decisions. The demand for luxury and premium products is rapidly increasing, with people seeking value-added goods that improve their lifestyles.

    Health and wellness: A growing focus on well-being has led to a rise in demand for health-centric products. Consumers are now more conscious about what they consume, choosing items that align with a health-conscious lifestyle, such as organic food, fitness-related products, and immunity-boosting supplements.

    Convenience: Convenience-driven purchasing has skyrocketed, with online shopping, food delivery, and quick-service solutions gaining traction. Today’s consumers want easy and fast access to products, shifting the retail sector toward e-commerce and other digital platforms.

    Broadening consumption horizons: India’s rural markets are registering growing demand and provide an opportunity for driving the consumption sector.

    How the Bajaj Finserv Consumption Fund taps into these trends

    The Bajaj Finserv Consumption Fund seeks to leverage these trends by investing in companies directly benefiting from India’s growing consumption sector. Here’s how it aligns with the evolving market:

    Investing in high-growth sectors: The fund targets businesses that are positioned to capitalize on the changing consumer behaviour. By investing in emerging sectors, it taps into the rapid growth driven by rising disposable incomes and evolving consumer preferences.

    Focused approach: Staying true to its theme, the fund focuses on sectors and companies directly impacted by increased consumption. This detailed and defined strategy ensures that every investment decision aligns with the broader goal of capturing growth in the consumption space.

    Diverse market exposure: Unlike traditional funds that focus solely on large cap stocks, the Bajaj Finserv Consumption Fund adopts a more flexible approach. It invests across the market cap spectrum, balancing the stability of established firms with the growth potential of mid and small cap companies.

    Future-oriented investment philosophy: The fund focuses on long-term growth by identifying emerging trends and high-potential companies. This proactive approach ensures that the fund remains ahead of the curve and positions itself to benefit from the next wave of consumption-driven growth.

    Who should consider this fund?

    The Bajaj Finserv Consumption Fund may be well-suited for a wide range of investors. Whether you are looking for high-growth potential or diversification in your existing portfolio, this fund offers several advantages:

    Lumpsum investors: For those looking to make a one-time investment, the fund presents a unique opportunity to tap into India’s expanding consumption market.

    Risk-tolerant investors: If you are open to higher risks in pursuit of returns, this fund aligns well with your objectives. The consumption sector has the potential for both high growth and volatility, making it suitable for those with a higher risk tolerance.

    Tactical portfolio diversification: If you want to add depth and variety to your equity portfolio, this fund can be a way to diversify into a specific sector that shows tremendous growth potential. It complements broader investment strategies and enhances overall portfolio performance.

    Long-term investors: The fund is a suitable option for those with a five-year or more investment horizon. By focusing on long-term growth, the fund allows investors to ride out market fluctuations while benefiting from the overall rise in consumption.

    Enhancing your investment strategy

    To optimize the potential of your investment, consider using tools like a monthly SIP calculator. This tool allows you to systematically invest small amounts over time, leveraging the power of compounding and making it easier to achieve your investment goals in the long run.

    The Bajaj Finserv Consumption Fund offers opportunity to invest in India’s dynamic consumption sector. With its focused investment strategy and forward-looking approach, it may benefit from the projected growth in domestic consumer demand. Whether you are a seasoned investor or just getting started, this fund provides the tools and strategy necessary to tap into the evolving consumption trends and build wealth for the future.

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

    This document should not be treated as endorsement of the views/opinions or as investment advice. This document should not be construed as a research report or a recommendation to buy or sell any security. This document is for information purpose only and should not be construed as a promise on minimum returns or safeguard of capital. This document alone is not sufficient and should not be used for the development or implementation of an investment strategy. The recipient should note and understand that the information provided above may not contain all the material aspects relevant for making an investment decision. Investors are advised to consult their own investment advisor before making any investment decision in light of their risk appetite, investment goals and horizon. This information is subject to change without any prior notice.

    Bajaj Finserv Consumption Fund is an open ended equity scheme following consumption theme.

    Contact Info:

    Phone no.: 1800-3093900

    Name: Gaurav Parmar

    Email: gaurav.parmar@bajajamc.com

    Organization: Bajaj Finserv Asset Management

    Disclaimer: This press release is provided by the Bajaj Finserv Asset Management. 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 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. 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.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b95feccc-47af-4ee5-bb65-42b2ef1a7e0b

    The MIL Network

  • MIL-OSI: Rules > Followers: BYDFi’s Official Response to ExtraVOD’s Allegedly False Allegations

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 17, 2025 (GLOBE NEWSWIRE) — Recently, BYDFi has noticed misleading accusations made by the content creator ExtraVOD on social media against BYDFi. To ensure transparency and clarity for all our users, BYDFi would like to present the facts of the situation:

    • January 25: Detection of Abnormal Trading Activity

    When ExtraVOD’s first account reached the perpetual risk limit, he opened a second account to bypass restrictions. BYDFi identified abnormal trading activities and ExtraVOD was reminded of BYDFi’s User Agreement (9.2 and 9.3) and the risk limits for perpetual contracts.

    • January 26: Admission & Request for Content Removal

    ExtraVOD claimed ignorance of the policy but admitted to creating a second account for high-frequency trading. BYDFi requested the removal of misleading content from his social media.

    • January 28-29: Agreement & Fund Transfers

    Following negotiations, an agreement was reached. All funds in ExtraVOD’s main account remained fully accessible, while deposit funds from the sub-account were merged into the main account.

    ExtraVOD acknowledged the resolution and publicly confirmed it. Over the next month, he continued trading actively.

    • March 1 – March 5: Contradictory Claims & Renewed Demands

    A month later, ExtraVOD re-engaged, demanding profit funds from the sub-account.

    BYDFi support reiterated that, per the January agreement, all deposited funds had already been returned to the main account.

    • March 11-15: Threats & Misinformation

    ExtraVOD escalated the situation, threatening to expose the issue on social media unless his demands were met. He altered his stance, now claiming the second account belonged to his family.

    He then released a video urging his followers to pressure BYDFi into returning the funds.

    5 Years. 1 Principle: Rules > Followers

    BYDFi upholds integrity and transparency to ensure a fair trading environment for all users. All legitimate funds were returned to ExtraVOD’s verified account, but trading profits were voided due to rule violations.

    BYDFi will not tolerate defamatory actions and reserves the right to take legal action against any damages caused by misleading claims. The misuse of multiple accounts to bypass risk limits is a violation of policies across all trading platforms.

    About BYDFi

    Founded in 2020, BYDFi is recognized by Forbes as one of the Top 10 Global Crypto Exchanges, trusted by over 1,000,000 users worldwide. BYDFi remains committed to delivering a world-class crypto trading experience for every user. BUIDL Your Dream Finance.

    • Website: https://www.bydfi.com

    • Support Email: CS@bydfi.com

    • Business Partnerships: BD@bydfi.com

    • Media Inquiries: media@bydfi.com

    Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

    Images accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ac360214-27aa-45e9-88f0-2d93d606479f
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    The MIL Network

  • MIL-OSI USA: IAM District 98 Plant Hosts Pennsylvania Governor for Clean, Affordable Energy Initiative Roll-Out

    Source: US GOIAM Union

    Pennsylvania Gov. Josh Shapiro recently announced his “Lightning Plan” at an IAM-represented facility in York, Pa., calling for tax incentives and regulation streamlining to keep Pennsylvania at the forefront of electrical production in North America.

    Using an “all of the above” approach to energy production, from fossil fuels, fracking, solar, wind, and hydro electric, the governor hopes to keep and create jobs in the Commonwealth. He chose to announce his plan at this Voith Hydro plant because it dates back to 1877, when it started as S. Morgan Smith, possibly the first hydro electric power manufacturing factory in America.

    “Pennsylvania’s energy industry created good jobs and lifted people out of poverty,” said Shapiro. “It powered the middle class, and allowed folks like you to put food on the table of your families, earn a great wage, and has helped lead to the creation of the modern day American labor movement.”

    IAM Local 1400 (District 98) represents a large segment of the more than 1,000 workers at this sprawling factory. A Voith Hydro executive credited the “robust, highly skilled workforce” that has made the modern-day facility successful.

    Voith has invested more than $20 million in upgrades to the factory in recent years.  With the help of the IAM, Voight was able to secure a nearly $6 million grant for upgrades from the Inflation Reduction Act.

    “Local 1400 has a strong history of respect from management here because this workforce always delivers,” said IAM District 98 Assistant Directing Business Representing Kermit Forbes, Jr. “These members know that union jobs here are key to manufacturing in America, and they want to keep those strong middle class jobs here and create more”.

    “The demand for energy generation and storage is growing. Computer data centers, artificial intelligence, and other energy intensive industries are challenging our energy generation capacity,” said IAM Eastern Territory General Vice President David Sullivan. “Dedicated, skilled workers like our members at IAM Local 1400 are critical to staying ahead of America’s growing need for energy.”

    Voith Hydro manufactures turbines used in electricity generation. The company’s legacy turbines are used in the Hoover Dam and the Sir Adam Beck Plants along the Niagara River in Canada.

    See photos from the event here.

    Share and Follow:

    MIL OSI USA News

  • MIL-OSI: Progress to Report First Quarter 2025 Financial Results on March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2025 after the market close on Monday, March 31, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s first quarter of fiscal year 2025 ended on February 28, 2025.

    Conference Call Details
    A live webcast of the call will be available using this link.

    To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time.

    An archived version of the conference call and supporting materials will be available on the Progress Investor Relations webpage after the live conference call.

    About Progress  
    Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

    Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.   

    Source: Progress Software Corporation

    The MIL Network

  • MIL-OSI Global: Software is increasingly being built by AI – so it’s vital to know if it can be trusted

    Source: The Conversation – UK – By Iván Alfonso, Assistant researcher, Luxembourg Institute of Science and Technology (LIST)

    panuwat phimpha / Shutterstock

    Software is ubiquitous, powering almost every aspect of our lives. The computerised systems in your car alone incorporate tens of millions of lines of code. The increasing digital transformation of our society means that demand for more and better software is likely to continue into the future.

    The dilemma is that there are not enough human programmers to build all this
    software. This means that more and more of the software you use every day is built with the assistance of artificial intelligence (AI).

    Software developers are already very familiar with tools such as GitHub Copilot, a kind of ChatGPT for programmers. It works something like a smart autocomplete tool to increase the productivity of human programmers.

    But we are now witnessing a more radical revolution, where AI “agents” are poised to carry out many types of development tasks on behalf of human programmers. Agents are programs that use AI to perform tasks and achieve specific objectives for a human user. AI agents can learn and make decisions with some level of autonomy, though they are still under human supervision – for now.

    We predict that in a near future, many software apps will be entirely built by AI agents. “Agentic” systems are communities of AI agents cooperating together, each one specialised in solving a specific type of task. With an agentic system, you can
    generate a software application from a plain English description of what you would like the application to do.

    This has potential positive impacts. Agentic systems could empower users without software programming skills to build or adapt software to their needs. There are also potential negatives consequences. Agents are far from perfect and they can easily generate code that is vulnerable to attacks, is not efficient or is biased against certain communities.

    For example, an agent building recruitment software might favour male over female candidates because of biases in the data used to train, or improve, the software. Therefore, we need to put mechanisms in place to minimise such risks, as required by AI regulations such as the EU’s AI Act.

    Researchers are addressing this challenge first by intensively testing the LLMs (Large Language Models) that are at the core of any agent. An LLM is an AI system trained on massive amounts of data. Agents rely on their internal LLM to predict and generate the best response to a user request.

    By evaluating all major LLMs against a number of concerns such as accuracy, security vulnerabilities and biases, software developers can choose the best LLM for an AI agent. This would depend on the specific tasks that the agent would be involved in.

    Users could customise new software with the help of blueprints, applying similar principles to the blueprints used in architecture and construction.
    Lee Charlie / Shutterstock

    This helps ensure a certain amount of ethical behaviour in the agents. But how can we be sure they understand and follow our instructions? Our solution is to start from the blueprints (the designs) of the software to be built.

    Broadly speaking, it’s possible to understand blueprints of a house even if you’re not an architect. Similarly, if we make a blueprint for software as easy to understand as possible, users without advanced software development skills should be able to grasp the concepts and how to make changes to it.

    From the user’s initial description, the AI agent or agents would propose a detailed blueprint of a potential solution and explain it to the user in plain English. The user could then validate it or request improvements. Only after the final validation would the software application be automatically generated from the blueprint.

    This way of building software is known as low-code or no-code development, as most of the code (all of it for some applications) is generated by the computer from the blueprints, instead of being hand written by a human from scratch. Our open source BESSER platform helps you build applications in this way.

    As the science fiction author Arthur C Clarke once observed: “Any sufficiently advanced technology is indistinguishable from magic.” And soon enough, this magic will be part of our daily lives. We just need to be careful that the magic doesn’t turn into sorcery with the potential to disrupt, rather than improve.

    We, and many other researchers, are working to put guardrails (mechanisms for preventing potential harms) on the behaviour of AI agents to keep them in check. This would help transform every citizen into a capable developer with the power to autonomously build the ideal software solutions for their companies or other aspects of their lives.

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

    ref. Software is increasingly being built by AI – so it’s vital to know if it can be trusted – https://theconversation.com/software-is-increasingly-being-built-by-ai-so-its-vital-to-know-if-it-can-be-trusted-251728

    MIL OSI – Global Reports

  • MIL-OSI Global: Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

    Source: The Conversation – USA – By Bradley Wade Bishop, Professor of Information Sciences, University of Tennessee

    Museum collections are invaluable to many researchers. Miguel Habano/E+ via Getty Images

    Ice cores in freezers, dinosaurs on display, fish in jars, birds in boxes, human remains and ancient artifacts from long gone civilizations that few people ever see – museum collections are filled with all this and more.

    These collections are treasure troves that recount the planet’s natural and human history, and they help scientists in a variety of different fields such as geology, paleontology, anthropology and more. What you see on a trip to a museum is only a sliver of the wonders held in their collection.

    Museums generally want to make the contents of their collections available for teachers and researchers, either physically or digitally. However, each collection’s staff has its own way of organizing data, so navigating these collections can prove challenging.

    Creating, organizing and distributing the digital copies of museum samples or the information about physical items in a collection requires incredible amounts of data. And this data can feed into machine learning models or other artificial intelligence to answer big questions.

    Currently, even within a single research domain, finding the right data requires navigating different repositories. AI can help organize large amounts of data from different collections and pull out information to answer specific questions.

    But using AI isn’t a perfect solution. A set of shared practices and systems for data management between museums could improve the data curation and sharing necessary for AI to do its job. These practices could help both humans and machines make new discoveries from these valuable collections.

    As an information scientist who studies scientists’ approaches to and opinions on research data management, I’ve seen how the world’s physical collection infrastructure is a patchwork quilt of objects and their associated metadata.

    AI tools can do amazing things, such as make 3D models of digitized versions of the items in museum collections, but only if there’s enough well-organized data about that item available. To see how AI can help museum collections, my team of researchers started by conducting focus groups with the people who managed museum collections. We asked what they are doing to get their collections used by both humans and AI.

    Museums can have vast collections – everything from samples from archeological sites to preserved insects to dinosaur bones. And huge collections means lots of data to collect and organize.
    Justin Pumfrey/The Image Bank via Getty Images

    Collection managers

    When an item comes into a museum collection, the collection managers are the people who describe that item’s features and generate data about it. That data, called metadata, allows others to use it and might include things like the collector’s name, geographic location, the time it was collected, and in the case of geological samples, the epoch it’s from. For samples from an animal or plant, it might include its taxonomy, which is the set of Latin names that classify it.

    All together, that information adds up to a mind-boggling amount of data.

    But combining data across domains with different standards is really tricky. Fortunately, collection managers have been working to standardize their processes across disciplines and for many types of samples. Grants have helped science communities build tools for standardization.

    In biological collections, the tool Specify allows managers to quickly classify specimens with drop-down menus prepopulated with standards for taxonomy and other parameters to consistently describe the incoming specimens.

    A common metadata standard in biology is Darwin Core. Similar well-established metadata and tools exist across all the sciences to make the workflow of taking real items and putting them into a machine as easy as possible.

    Special tools like these and metadata help collection managers make data from their objects reusable for research and educational purposes.

    Many of the items in museum collections don’t have a lot of information describing their origins. AI tools can help fill in gaps.

    All the small things

    My team and I conducted 10 focus groups, with a total of 32 participants from several physical sample communities. These included collection managers across disciplines, including anthropology, archaeology, botany, geology, ichthyology, entomology, herpetology and paleontology.

    Each participant answered questions about how they accessed, organized, stored and used data from their collections in an effort to make their materials ready for AI to use. While human subjects need to provide consent to be studied, most species do not. So, an AI can collect and analyze the data from nonhuman physical collections without privacy or consent concerns.

    We found that collection managers from different fields and institutions have lots of different practices when it comes to getting their physical collections ready for AI. Our results suggest that standardizing the types of metadata managers record and the ways they store it across collections could make the items in these samples more accessible and usable.

    Additional research projects like our study can help collection managers build up the infrastructure they’ll need to make their data machine-ready. Human expertise can help inform AI tools that make new discoveries based on the old treasures in museum collections.

    Bradley Wade Bishop receives funding from the Institute of Museum and Library Services and the National Science Foundation.

    ref. Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy – https://theconversation.com/museums-have-tons-of-data-and-ai-could-make-it-more-accessible-but-standardizing-and-organizing-it-across-fields-wont-be-easy-250487

    MIL OSI – Global Reports

  • MIL-OSI: Ovation and Paytronix Team Up to Revolutionize Post-Transaction Feedback and Hospitality Data Insights

    Source: GlobeNewswire (MIL-OSI)

    NEWTON, Mass., March 17, 2025 (GLOBE NEWSWIRE) — Paytronix, the leader in guest engagement for restaurants and convenience stores has announced the launch of its partnership with innovative multi-unit guest feedback and guest experience platform, Ovation. Together the two platforms aim to provide brands with deeper analysis and insight from customer feedback.

    Jake Levine, VP of Partnerships at Ovation expressed how the integration benefits restaurants: “At Ovation we always say, ‘The value is in the volume’. You need to hear from a good amount of your guests to truly get a clear understanding of what’s happening in your stores. Our partnership with Paytronix aims to provide restaurants with another avenue for seamless guest feedback.”

    The partnership will prove to be particularly valuable for Paytronix customers with loyalty integrations and strong mobile presences. By capturing in-store and online orders, brands with both solutions enabled will be able to automatically send customized surveys to customers thirty minutes after a transaction.

    Through text, guests are directed to a brief survey about their experience. Happy guests are prompted to engage further with the brand, while unhappy guests are asked to provide additional insights. These insights are sent directly to the company, allowing them to respond and win the guests back in real time. From there, an AI-driven categorization algorithm turns the feedback into exactly what operators need to know: data on what’s going well and what needs work.

    “At the heart of integrations like this is the desire to go beyond the initial interaction”, said Kalani Stephens, Director of Strategic Partnerships at Paytronix. “The ability to immediately increase the volume of feedback, is extremely valuable. With Ovation, we aim to help brands learn from the data, improve their relationships with the guests and reward loyal, positive behavior with unique opportunities.”

    About Ovation
    Ovation is a guest experience platform for multi-unit restaurants that starts with a 2-question survey to collect frictionless feedback, streamline guest recovery, and easily improve operations. Thousands of restaurants, including leading brands like Dave’s Hot Chicken, MOOYAH, and Friendly’s, are using Ovation to get more feedback through frictionless surveys, recover guests through real-time communication, boost their online reputations, and improve through AI-driven insights. Discover how Ovation can transform your restaurant’s guest experience at ovationup.com.

    About Paytronix
    Paytronix, an Access Group company, is a cloud-based digital guest engagement platform for the hospitality industry. Our innovative, unified platform provides loyalty programs, online ordering, gift cards, branded mobile applications, and strategic insights to more than 1,800 leading restaurant and convenience store brands. Our valued clients leverage the power of Paytronix across 50,000 sites globally to create seamless, personalized, and brand-authentic experiences that foster lasting relationships with their customers. For more than 20 years, Paytronix has been a trusted partner helping brands maximize the lifetime value of their guests and grow more profitable businesses. For more information, visit www.paytronix.com.

    Media Contact:
    Calen McGee
    Paytronix Systems, Inc.
    Calen.McGee@theaccessgroup.com

    The MIL Network

  • MIL-OSI: Rapid7 Announces Global Capability Center in India

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, March 17, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc., Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced plans for expansion in India, including the opening of a new Global Capability Center (GCC) in Pune to serve as an innovation hub and Security Operations Center (SOC). In addition, the company announced a series of in-region events to engage with government, education, and talent stakeholders on Rapid7’s commitment to enable customers to simplify security, take control of their attack surface, and confidently navigate a dynamic threat landscape.

    The GCC will open in April 2025 with a focus on expanding Rapid7’s ability to provide seamless, 24×7 security operations coverage to their growing global customers worldwide. Hiring for the new office will prioritize building a team that drives product and service innovation in cyber operations, in addition to building the cybersecurity talent pipeline in the local market and fostering AI collaborations with corporations and academic institutions.

    “Expanding into India is a critical step in accelerating Rapid7’s investments in security operations leadership and customer-centric innovation,” said Corey Thomas, chairman and CEO of Rapid7. “Innovation thrives when multi-dimensional teams come together to solve complex challenges, and this new hub strengthens our ability to deliver the most adaptive, predictive, and responsive cybersecurity solutions to customers worldwide. Establishing a Security Operations Center in Pune also enhances our ability to scale threat detection and response globally while connecting the exceptional technical talent in the region to impactful career opportunities. We are excited to grow a world-class team in India that will play a pivotal role in shaping the future of cybersecurity.”

    “Rapid7 is known for its high-performing teams that challenge boundaries and embrace rapid technological change, from generative AI and machine learning to cutting-edge security solutions,” said Swami Nathan, Rapid7 country manager, India. “I’m excited to lead this transformational journey in Pune, where every team member will have the opportunity to grow, drive meaningful impact for our customers, and help shape a more secure digital future.”

    Rapid7 is at the forefront of global conversations on cyber and AI security policy and development of those business ecosystems and, following that tradition, Sabeen Malik, Rapid7’s vice president of global government affairs and public policy, will attend and participate on a panel at the Raisina Dialogue entitled “Concert of Oceans: Towards A Digital Indo-Pacific,” alongside Amit Shukla, Joint Secretary, Cyber Diplomacy Division, Ministry of External Affairs, India.

    In May, Rapid7 will host three in-region Security Day events in Mumbai (May 8), Delhi (May 13), and Bangalore (May 15). These events will bring together leaders from top corporations, academic institutions, and government to explore the evolving cyber threat landscape, share insights from their cybersecurity journeys, and discover the latest advancements in Continuous Threat Exposure Management (CTEM), Cyber Asset Attack Surface Management (CAASM), Attack Surface Management (ASM), and Managed Extended Detection and Response (MXDR). These events are open to Rapid7 customers, potential clients, and partners.

    To learn more about Security Days visit https://www.rapid7.com/lp/2025-global-security-days/.

    To learn more about joining the Rapid7 team in India visit https://careers.rapid7.com/rapid7-pune.

    About Rapid7
    Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

    Rapid7 Media Relations
    Alice Randall
    Director, Global Corporate Communications
    press@rapid7.com
    (857) 216-7804

    Rapid7 Investor Contact
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    The MIL Network

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Life Science REIT plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Life Science REIT plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    14 March 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,762,872 1.08    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,762,872 1.08    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
           

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 17 March 2025
    Contact name: Sabrina AID
    Telephone number*: +33 1 44 45 58 79

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Zoom debuts new agentic AI skills and agents for Zoom AI Companion

    Source: GlobeNewswire (MIL-OSI)

    • Zoom AI Companion expands agentic skills across the entire Zoom platform, using reasoning and memory to take action and orchestrate task execution, conversational self-service, custom agent creation, and more
    • More than 45 new innovations announced, including AI enhancements for Zoom Meetings, Zoom Phone, Zoom Team Chat, Zoom Docs, and Zoom Contact Center, help users get more done, do their best work, and strengthen relationships
    • New Zoom customer experience (CX) innovations include next-generation enhancements to Zoom Virtual Agent chat and the introduction of Virtual Agent for voice, AI intent routing capabilities, and Advanced Quality Management

    ORLANDO, Fla., March 17, 2025 (GLOBE NEWSWIRE) — Today Zoom Communications, Inc. (NASDAQ: ZM) unveiled agentic AI Companion capabilities, new Zoom AI Companion skills, and AI updates across its platform, including Zoom Meetings, Zoom Team Chat, Zoom Docs, Zoom Phone, Zoom Whiteboard, Zoom Contact Center, industry solutions, and more.

    “AI Companion is evolving from a personal assistant to being truly agentic, which signals a major leap forward in how AI can enhance productivity and collaboration at work,” said Smita Hashim, chief product officer at Zoom. “We’re delivering value for our customers through AI agents and agentic skills that solve real customer problems, helping them connect, collaborate, and get more done, all within the Zoom platform our users trust and love.”

    “We’ve been using Zoom AI Companion since it became available, and I’ve seen firsthand how it has transformed our academic and administrative operations,” said Steven Carroll, chief information officer at Saint Leo University. “This technology isn’t just about efficiency; it allows our employees to spend less time on manual tasks and more time on meaningful collaboration, and focus on what matters most: supporting our students’ educational journey.”

    AI Companion takes action with AI skills and agents

    Zoom is elevating AI Companion across its entire platform through AI agentic skills, agents, and models to deliver high-quality results, help users improve productivity, and strengthen relationships.

    • AI Companion will help users get more done by executing on their behalf and managing multi-step actions with the knowledge of which agents and skills to tap into using reasoning and memory to make decisions, solve complex problems, and learn over time, along with task action and orchestration to execute and complete tasks.
    • Additional new agentic skills include calendar management to help schedule meetings and find a time that works for everyone, clip generation for fast clip creation, writing assistance for advanced document creation, and more.
    • AI Companion will also extend to specialized agents that power Zoom Business Services. For customer self-service, Zoom Virtual Agent leverages memory and reasoning skills to deliver empathetic and contextual conversations and task action to resolve complex issues from start to finish. With AI Studio, users can effortlessly create and deploy customizable virtual agents (available in beta later this spring). Zoom Revenue Accelerator users will also be able to benefit from a specialized agent for sales in the coming months to help increase revenue through automated insights, personalized outreach and enhanced prospecting.
    • Coming soon, with Zoom’s open platform, users will be able to interact with third-party agents such as ServiceNow AI Agents and create their own custom agents with specific skill sets to address unique needs, such as streamlining sales RFPs or IT and HR service requests. AI Companion will know when to work with third-party and custom agents to take action and complete tasks.

    Custom AI Companion add-on will allow organizations to customize AI Companion with AI Studio by tailoring it to address their unique needs and drive efficiency.

    • Organizations will be able to create custom meeting templates and custom dictionaries with vocabulary unique to their business or industry, incorporate information from their own data sources, including compatible third-party applications, and use AI Studio to expand AI Companion’s knowledge and skills to help drive decisions and actions and complete tasks.
    • Users will have access to a digital personal AI coach and custom meeting summary templates that will allow users to structure meeting summaries for specific industry verticals or use cases, such as one-on-one meetings, customer intake, or brainstorming meetings.
    • Users will also have access to Custom Avatars for Zoom Clips to help scale video clip creation and avoid multiple takes by using a personalized AI-generated avatar to create clips with a user-provided script. Custom Avatars will be included in the Custom AI Companion add-on and will also be available for purchase separately.
    • The Custom AI Companion add-on is expected to be available for purchase in April for $12 per user per month (personal coach is expected to be available in June).

    As part of Zoom’s federated approach to AI, the Custom AI Companion add-on will incorporate Small Language Models (SLMs) alongside Zoom’s third-party LLMs to deliver industry-leading performance and cost-effectiveness for modern businesses. Zoom’s new SLMs are trained with extensive multilingual data, optimized for specific tasks to perform complex actions, and well-positioned to facilitate multi-agent collaboration.

    Get more done with AI Companion

    With new agentic skills, AI Companion can help users get more done, identify and execute tasks, manage meetings, and more. AI Companion’s agentic skills work across the platform to help reduce manual work so users can focus on what matters most.

    • Zoom Tasks with AI Companion will help users surface, complete, and manage tasks across Zoom Workplace by automatically detecting action items in meeting summaries, chats, and emails, and completing tasks like scheduling follow-up meetings or generating documents from meetings. Tasks will be available in a new tab within Zoom Workplace and can be embedded into a Zoom Doc, creating a central repository to track personal, team, and project tasks from creation to completion. Zoom Tasks is expected to launch at the end of March.
    • Meeting agendas with AI Companion, expected to launch in May, will help users stay organized by using templates or recent agendas to provide recommended content. Hosts will be able to add an agenda timer to sections to keep meetings on track and receive AI-generated live notes during the meeting. After the meeting, hosts will be able to easily share the summary and action items.
    • Live notes for Meetings and Phone, expected to launch in May, will provide real-time summaries during a meeting or phone call to help users catch up quickly, stay on track, focus on real-time topics connected to the agenda, and track updates live.
    • AI Companion for Zoom Phone can now generate voicemail summaries and support the Zoom for Microsoft Teams app. Zoom Phone calls within Microsoft Teams can generate AI Companion call summaries, and prioritize and extract tasks from voicemails.
    • A new voice recorder on the Zoom Workplace mobile app, expected to launch in late March, will transcribe, summarize, and capture action items with AI Companion and create high-quality recordings for in-person conversations, so users can connect without taking notes.
    • AI Companion for Workspace Reservation will show in-office workers when colleagues are expected to be in the office, recommend which days to go into the office based on scheduled meetings and their teammates’ scheduled in-office days, and have AI Companion proactively book a desk or a Zoom Room for them. These updates are expected to launch in May.

    AI Companion helps users do their best work and get better results

    Zoom Docs helps workers create high-quality content more efficiently by providing AI Companion writing assistance, as well as internal and external information search capabilities to help maximize productivity and streamline workflows.

    • Zoom Docs will have enhanced AI Companion capabilities with advanced references and queries that will be able to help a user create a writing plan based on the context, search internal and external information for references, and aggregate them into a high-quality business document based on user instructions. Advanced references and queries are expected to launch in June.
    • Users can prompt AI Companion to automatically create data tables, including from meeting summaries, so that content may be more easily digested and organized in a table format. AI Companion will be able to automatically label the columns so users can quickly see highlights and automate information like categorization and summarization for each record. This feature is expected to be available in July.

    Zoom also announced Zoom Drive, a central repository for meeting and productivity assets such as Zoom Docs, that will make it easier to find and access assets across Zoom Workplace. Zoom Drive is expected to launch in May.

    Zoom AI Companion continues to be included at no additional cost for customers with the paid services in their Zoom user accounts. Specialized AI Companion capabilities, custom agent configurations, and third-party agents may cost an additional fee or be subject to separate pricing.

    Visit the Zoom newsroom for more information on Zoom’s approach to agentic AI and Zoom Workplace enhancements.

    Strengthen relationships with Zoom Business Services

    The Zoom Business Services suite for marketing, customer care, and sales includes AI-first solutions that are tightly integrated with Zoom Workplace and designed to help customer-facing employees strengthen customer relationships and improve customer experiences.

    Zoom Customer Experience (CX)
    Zoom is bringing agentic skills to Zoom Contact Center with specialized AI agents to help revolutionize customer experiences, empower customer service agents, and enhance self-service interactions while maintaining the importance of human connections.

    • New generative AI advancements with agentic AI skills will introduce the next evolution of self-service. Zoom Virtual Agent will offer more natural language skills, handle complex queries, and execute tasks on behalf of customers. To extend these capabilities, Zoom Virtual Agent will be available for voice and chat channels (planned for qualified customer beta later this spring), offering a seamless, always-on experience.
    • AI-intent routing (expected to launch at the end of March), will intelligently route customers to the best-suited agent based on real-time intent detection.
    • With Advanced Quality Management, contact center teams will have access to Auto Quality Management, which will use AI to automatically score up to 100% of customer interactions, and Ask Quality Management, which will deliver a conversational interface for supervisors to directly query transcripts and uncover valuable insights. Advanced Quality Management is expected to launch in May.

    Visit the Zoom newsroom for an in-depth look at Zoom Business Services enhancements, including updates for Zoom Revenue Accelerator and Zoom Events.

    Zoom delivers powerful industry-specific solutions

    • Zoom Workplace for Frontline, expected to launch in April, is a purpose-built, AI Companion-based, mobile solution that gives frontline workers the on-shift communications and work management tools needed to be more connected and efficient in their daily tasks.
    • Zoom Workplace for Clinicians, expected to launch at the end of March, is designed to streamline clinical workflows. It enables doctors, nurses, and practitioners to dedicate more time to patient care and engagement rather than spending valuable time on documentation and administrative tasks. Zoom Workplace for Clinicians will be able to automatically generate clinical notes in the office or a virtual Zoom telehealth appointment so that physicians can focus on what matters most: their patients.
    • Zoom Workplace for Education will provide AI Companion-generated lecture summaries with supporting material that teachers can use to generate assignments and students can use to create study materials (expected to be available in May). Later this year, a live notes feature will enable students to add comments, reactions, and highlights to the live transcripts to engage with lecture content during and post class to further learning.
    • The Zoom hardware certification program is expanding solutions to support industry verticals beginning in April:
      • For education customers, Zoom will add select document cameras, which are intended to capture documents or objects on a table that can be shared in a Zoom virtual meeting or class, to its certified hardware portfolio.
      • For healthcare customers, Zoom will certify select cameras for use in patient rooms, enabling remote observation of patients.

    Some features and products may not be available for all regions and industry verticals.

    About Zoom
    Zoom’s mission is to provide an AI-first work platform for human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer experience teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    Zoom Public Relations
    Lacretia Nichols
    press@zoom.us

    The MIL Network

  • MIL-OSI USA: Response to RFI on Development of AI Action Plan

    Source: US State of New York

    overnor Kathy Hochul today announced New York State’s comments in response to the request for information on the development of an Artificial Intelligence Action Plan from the Trump Administration. As a global leader in AI and related technologies, New York has driven advancements that have furthered America’s national and economic security, expanded the safe deployment and use of AI, created high-quality jobs, and expanded access to high performance computing systems. New York is home to world-renowned research institutions, pioneering AI companies, and a thriving innovation ecosystem that has led to increased economic productivity thanks to transformative breakthroughs in AI, semiconductors, and quantum networking and computing. As the federal government develops an AI Action Plan, New York urges the Trump Administration to prioritize global competitiveness and commercialization, intellectual property and research security, and energy innovation and sufficiency.

    “The United States is in a race with China and the rest of the world in the global AI revolution, and with our first-in-the-nation Empire AI Consortium, New York is leading the way. With our world-class innovation economy, energy grid investments, and protection of artists and creators intellectual property rights we stand ready to ensure that AI is a force for good, not just for huge global companies,” Governor Hochul said. “New York is continuing to help New Yorkers launch businesses and access good jobs in this growing economy while building an AI future that is safe, sustainable, and globally competitive. We welcome opportunities to collaborate with the Trump Administration to advance those goals.”

    Governor Hochul’s commitment to advancing New York’s leadership in AI builds on her broader agenda to expand cutting-edge technology development in the Empire State. Last year, Governor Hochul appointed IBM CEO Arvind Krishna and Girls Who Code CEO Dr. Tarika Barrett as co-chairs of the newly created Emerging Technology Advisory Board (the Board) — an independent group of industry leaders tasked with informing and accelerating New York’s transformation into a hub for growth and innovation. The Board released its initial recommendations in December 2024.

    New York State Director of State Operations and Infrastructure Kathryn Garcia said, “We want to harness AI technologies to benefit people and organizations across New York State. As a leader in AI and emerging technology, New York has been making the investments necessary to ensure the U.S. has a comparative advantage over global competitors.”

    New York State Chief Cyber Officer Colin Ahern said, “New York is strong in industry talent, academic expertise, and innovative ideas. We want to ensure those resources strengthen our state and nation and are not siphoned off by our adversaries. Strong research security and intellectual property protections will help make sure the benefits of AI help New Yorkers and Americans.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “New York will continue to leverage our thriving innovation ecosystem to develop and commercialize AI that creates quality jobs, attracts additional investments, and further strengthens our economic security.”

    The Governor previously signed New York’s historic Green CHIPS legislation to drive semiconductor research, development and manufacturing in New York State and announced a $10 billion partnership to bring next-generation chips research to NY CREATES’ Albany NanoTech Complex. The Governor has continued to advance a $620 million Life Science Initiative to support innovation in biomedical research. Additionally, through strategic investments such as the $113.7 million Battery-NY initiative, Governor Hochul has fueled the growth of the sustainability, green technology and energy storage economies in New York State.

    The Governor’s innovation agenda has catalyzed major public and private investments, transforming New York’s economy and creating good-paying jobs of the future. GlobalFoundries recently announced an $11.6 billion investment to expand its chip manufacturing campus in New York’s Capital Region, creating 1,500 direct jobs and thousands of indirect jobs. In 2022, Micron announced a 20-year, $100 billion investment to create a megafab campus in Central New York, creating 50,000 new direct and indirect jobs and unlocking hundreds of millions of dollars in community benefits.

    MIL OSI USA News

  • MIL-OSI: Solo.io Announces Kagent Agentic AI Framework for Cloud Native Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, Mass., March 17, 2025 (GLOBE NEWSWIRE) — Solo.io, the leading cloud native application networking company, today announced the release of kagent, an open source framework that provides tools, AI agents, and resources to build and run agents to accelerate workflows in Kubernetes environments.

    Kagent is a first-of-its-kind cloud native framework that helps DevOps and platform engineers build and run AI agents in Kubernetes. It provides a foundation for AI-driven solutions in cloud native environments, enabling teams to build powerful internal platforms by automating tasks such as configuration, troubleshooting, observability, and network security. It seamlessly integrates with existing cloud native tools through a flexible plugin architecture built on the Model Context Protocol (MCP), which provides a standard for agent-to-tool integration, enabling teams to run these tools at scale without needing to develop expertise in each area of the vast cloud native ecosystem. With kagent, teams can offload undifferentiated heavy lifting to agentic infrastructure and concentrate on higher-value tasks.

    Agentic AI is powerful artificial intelligence tooling that uses advanced reasoning and iterative planning to solve complex, multi-step problems by turning insights into strategic actions.

    “As enterprises embrace AI to automate and optimize cloud native operations, the emergence of agentic AI frameworks represent a significant step forward in simplifying how AI agents are built, deployed, and scaled on Kubernetes and across multicloud environments,” said Paul Nicholson, Research VP, Cloud and Datacenter Networks, IDC. “By offering an open-source foundation for running AI-driven agents with accelerated integration into the cloud native ecosystem, Solo.io’s kagent helps cloud and platform teams unlock efficiencies and controls, accelerating the adoption of AI in modern application delivery.”

    “Kubernetes is already the go-to platform for predictive analytics, MLOps, and inferencing, and now it provides the modern architecture to deploy AI agents dynamically,” said Keith Babo, Chief Product Officer, Solo.io. “Kagent will enable Kubernetes users to run agentic AI without the huge learning curve and operational challenges of building an agentic AI infrastructure stack from scratch.”

    Kagent consists of three layers required for implementing agentic architectures on cloud native infrastructure:

    • Tools – Pre-defined functions that AI agents can use, such as a curated expert knowledge base, availability and performance metrics for services, application deployment and lifecycle controls, platform administration and debugging utilities, and application security guardrails.
    • Agents – Autonomous systems capable of planning and executing tasks, analyzing results, and continuously improving outcomes utilizing one or more tools. Agents can be used to perform complex, multi-stage activities such as canary deployments for new versions of applications, establishing a zero trust security policy for all services in a cluster, and debugging service availability issues.
    • Declarative framework – A simple declarative API and controller for building and running agents via UI, CLI, and declarative configuration.

    Kagent is built from the ground up with extensibility in mind, allowing DevOps engineers, platform teams, and developers to create and share their own tools and AI agents. The project is launching with tools for Argo, Helm, Istio, Kubernetes, Prometheus, and a cloud native expert knowledge base that can extend with any MCP-compatible tool server. The built-in tools and agents are based on Solo.io’s expertise in platform engineering and the need to encode security, observability, and other features into cloud native platforms. The framework layer in kagent is built on Microsoft’s AutoGen open source framework, providing a strong foundation and additional point of extensibility. As an open source project, kagent can be widely adopted within other projects in the cloud native ecosystem to allow everyone to run, build, and share AI-driven solutions.

    Resources

    About Solo.io
    Solo.io is a trusted partner to hundreds of companies around the world, providing industry-leading cloud native API gateway, management, and service mesh. Solo.io provides solutions helping companies to secure, scale, and simplify their application networking. Companies use Solo.io to deliver modern applications faster, and across any cloud infrastructure. Solo.io is shaping the future of cloud native computing. To learn more and see the solutions in action, visit www.solo.io.

    Media Contact
    Kristi Piechnik
    Speakeasy Strategies for Solo.io
    SoloPR@speakeasystrategies.com

    The MIL Network

  • MIL-OSI: ADRF Launches UL 2524 Certified Public Safety Remote Units for its ADXV Series DAS

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, March 17, 2025 (GLOBE NEWSWIRE) — Advanced RF Technologies, Inc. (ADRF), the largest pure-play distributed antenna system (DAS) and repeater provider for 25 years, today announced two new remote units (RU) for its flagship ADXV Series DAS, certified to UL 2524, the Standard for in-building two-way emergency radio communication enhancement systems (ERCES). The solutions will debut at the International Wireless Communication Expo (IWCE) in Las Vegas, NV from March 17-20, 2025 at booth #1139.

    The ADXV-R-25VU-U2 offers dual-band support for VHF/UHF frequency bands and includes space for either one multiplexer or two band-pass filters within the unit. This design eliminates the need for third-party enclosures, streamlining installation and reducing total cost of ownership. The ADXV-R-3378P-U2 offers dual-band support for PS 700/800 bands and allows users to disable unused bands to minimize unwanted noise. ADRF is also introducing the enhanced point of interface card, ADXV-H-POIL-78P-U2, designed to support the new 700/800 MHz remote units.

    The UL 2524 establishes the most stringent standards to ensure reliable communication for emergency responders within and around commercial buildings. It applies to various equipment, including repeaters, transmitters, receivers, signal boosters, remote annunciators, operational consoles, power supply, and battery charging system components. These products are designed for use in compliance with key Model Building and Installation Codes, such as NFPA 1/72/1221/1225, the International Fire Code (IFC) 2015/2018/2021, and FirstNet.

    “We are thrilled to round out our UL 2524 public safety offerings with these new remote units for our flagship ADXV Series DAS,” said Sun Kim, director of engineering at ADRF. “As a public safety communications leader for over a quarter century, we are dedicated to providing the most effective solutions to ensure first responders maintain seamless connectivity throughout every area of a building, safeguarding tenants and occupants during emergencies.”

    The ADXV-R-25VU-U2 includes:

    • Support of 138-174MHz and 380-512 MHz frequencies
    • 25 dBm Composite Output Power
    • Detachable AC/BATT/ANN/AAI wiring terminal blocks for easy installation
    • Support of up to 2 ADRF-BPF-V/U-1 Bandpass Filters or 1 ADRF-MPLX-V/U multiplexer
    • Programmable 3-pin AAI alarm which can be physically cabled as NO or NC
    • An optional 47K Ohm end-of-line resistor board cartridge

    The ADXV-R-3378P-U2 includes:

    • Support of 758-775 MHz and 851-869 MHz
    • Support of Canadian public safety frequencies (768 – 776 MHz and 851-869 MHz)
    • 33 dBm Composite Output Power
    • Detachable AC/BATT/ANN/AAI wiring terminal blocks for easy installation
    • Separate 700/800 MHz downlink (DL) amplifiers to prevent noise from the unused band
    • Programmable 3-pin AAI alarm which can be physically cabled as NO or NC
    • An optional 47K Ohm end-of-line resistor board cartridge

    Additionally, ADRF will debut the new version of its long-range annunciator, the PSR-ANN-U2, for its public safety repeaters, capable of extending the range of visual and audible alarms up to 1,000 feet to allow for more network design flexibility. It also can act as a bridge between the repeater and the fire alarm control panel (FACP) by offering full programmable dry contact outputs to an FACP for enhanced system monitoring and reliability.

    The new remote units and the PSR-ANN-U2 will be commercially available in Spring 2025. Learn more about ADRF’s public safety products by visiting www.adrftech.com.

    About ADRF
    Advanced RF Technologies, Inc. (“ADRF”) is the leading provider of in-building wireless solutions that ensure reliable commercial and public cellular connectivity in venues of any size, shape, and location. Established in 1999 in Burbank, CA, ADRF prides itself on having a customer-centric focus, designing solutions that meet each customer’s unique needs, while providing a pathway to scale for the future. Today, we serve some of the world’s leading enterprises, system integrators, public safety entities, neutral host operators, and wireless service providers. ADRF’s product portfolio of in-building wireless solutions includes Distributed Antenna Systems (DAS), repeaters, Emergency Responder Communication Enhancement Systems (ERCES), antennas, and passive components. ADRF is certified as a Minority Business Enterprise (MBE) and a Women’s Business Enterprise (WBE), has achieved TL 9000 and ISO 9001 certifications, and is a member of the Anterix Active Ecosystem, Forbes Technology Council, IFC, NFPA, Wireless Infrastructure Association (WIA), and Safer Buildings Coalition. www.adrftech.com.

    The MIL Network

  • MIL-OSI USA: Two CAHNR Faculty Among World’s Most Highly Cited Researchers

    Source: US State of Connecticut

    Two faculty in UConn’s College of Agriculture, Health and Natural Resources were among the world’s most highly cited researchers in 2024.

    Yangchao Luo, associate professor of nutritional sciences, and Zhe Zhu, associate professor of natural resources and the environment, are the two UConn faculty named to the list.

    The 2024 Highly Cited Researchers list, released by Clarivate and the Web of Science index, uses both quantitative and qualitative analysis to identify individuals from around the world who have demonstrated significant and broad influence in their chosen field of research.

    The list of Highly Cited Researchers is drawn from the highly cited papers that rank in the top one percent by citations for field and publication year in the Web of Science citation index over the past decade.

    The list also identifies the research institutions and regions where they are based.

    Yangchao Luo of the Department of Nutritional Sciences in the College of Agriculture, Health and Natural Resources works in a laboratory in the Advanced Technology Laboratory. (Jason Sheldon/UConn Photo)

    The methodology that determines the “who’s who” of influential researchers draws on the data and analysis performed by bibliometric experts and data scientists at the Institute for Scientific Information at Clarivate.

    At the time of the report, Luo has a total of 175 publications and has been cited more than 11,000 times in over 8,000 articles.

    Luo’s research leverages food engineering, nanotechnology, and machine learning to enhance food safety, quality, functionality, and sustainability.

    Associate professor of natural resources and the environment Zhe Zhu. (Carson Stifel/UConn Photo)

    At the time of the report, Zhu has published 90 articles. He has been cited over 20,000 times across over 8,000 articles.

    Zhu’s research interests include remote sensing, global environmental change, land cover and land use change, disaster and hazard monitoring, time series analysis, machine learning, biodiversity conservation, and climate change.

    This is the fifth year in a row Zhu has been on this list. Luo has been named five times since 2019.

    Follow UConn CAHNR on social media

    MIL OSI USA News

  • MIL-OSI Global: Remembering China’s Empress Dowager Ling, a Buddhist who paved the way for future female rulers

    Source: The Conversation – USA – By Stephanie Balkwill, Associate Professor of Asian Languages and Cultures, University of California, Los Angeles

    In sixth-century China, a woman known to history as Empress Dowager Ling ruled over an empire called the Northern Wei. Historians do not know her birth name or in what year she was born, but they do know that she served as empress dowager between 515 and 528. As the spouse of a ruling emperor prior to his death, she retained the title of empress dowager in her widowhood.

    She ruled on behalf of her young son, the heir to the throne; however, her regency was interrupted by a coup d’etat from 520 to 525. Although the empress dowager was expected to rule only as a regent, historical records indicate that she administered court in her own name. These same records also reveal that she adopted a personal pronoun – “zhen 朕,” otherwise known as the Chinese “royal we” – that was reserved for the exclusive use of the emperor.

    In my recent book, “The Women Who Ruled China,” I offer an overview of these historical sources and records that document her life, including a translation of her biography retained in the official chronicle of the Northern Wei. Using these sources, I argue that even though the Empress Dowager’s rule was problematic and short – resulting in her assassination – she laid the foundation for other, more successful female rulers across medieval East Asia.

    Capitalizing on different cultural traditions

    In the late fifth century, the capital city of the Northern Wei was moved from its northern location in modern-day Datong, China, to its southern location in Luoyang, a city at the very heart of Han Chinese culture and history; however, the people who ruled the empire were not ethnically Han Chinese.

    Known as the Taghbach, this group migrated south from the Mongolian steppe and ruled a multiethnic and multicultural empire from Luoyang, the world’s largest city and the former capital of the Eastern Han dynasty. The Northern Wei empire adopted laws, institutions and policies from both Taghbach and Han Chinese traditions.

    This cultural hybridity enabled the empress dowager to rule directly: On one hand, the Chinese court system rooted in the Han dynasty had long included the position of empress dowager, even though none of the women who held it had ruled directly. On the other, Taghbach culture had no formal position of empress dowager prior to its adoption of court ranks in the Northern Wei, but it did have a long tradition of women in public life. These women served in the military and advised on political matters.

    Multiple sources of evidence indicate that Taghbach women had a high degree of personal autonomy and political power, with no source suggesting otherwise.

    A well-known story about Taghbach woman appears in the legend of Mulan, who is said to have dressed as a man so that she could serve in the military in place of her father. The Mulan legend is widely recounted in Chinese literature and inspired a fictional character in two Walt Disney movies based on the Chinese fable.

    As a historian of gender in this period, I believe that the Mulan legend does not accurately depict Taghbach women. Instead, it is a Chinese story that emphasizes a form of gender transgression that makes sense only within Chinese and Confucian culture. Unlike Chinese culture, Taghbach culture had long known women warriors who could ride horses and shoot arrows without concealing their gender.

    Empress Dowager Ling was not a warrior, but she embraced martial symbols of her own power that were available to women in Taghbach culture but not in Chinese culture. For example, she was an accomplished archer and famously drove her own horse cart, which was just as splendid and imposing as was the emperor’s cart.

    In the Confucian culture of Han China, such actions were considered highly inappropriate for women, but Empress Dowager Ling carried them out while holding the Chinese title of empress dowager. Her rule, like her empire, was culturally hybrid. That blend of cultural traditions enabled her to take power in a way that neither Chinese nor Taghbach women had done before.

    A Buddhist ruler

    By the time of the reign of the Northern Wei empire, both Taghbah and Chinese cultures had become deeply familiar with Buddhism, a religion that they had inherited from India in a long process of cultural exchange along the Silk Road. The empire had integrated methods of Buddhist statecraft into its own forms of governance.

    Simply put, what this meant was that the ruler of the empire legitimized his reign through Buddhism, portraying himself either as a Buddha or as a patron of Buddhists – their texts and institutions. This was a type of governance that was widely practiced in premodern East Asia.

    The bodhisattva Maitreya, considered to be the Buddha of the future.
    Rogers Fund, 1982/The Metropolitan Museum, New York

    Even though Buddhist statecraft was widespread in the empress dowager’s time, she was the first woman to directly legitimate her independent rule through Buddhism. As a patron of Buddhism, she commissioned majestic Buddhist architecture. Perhaps seen by her populace as a Buddhist figure herself, she symbolized her co-rule with her son by using a Buddhist visual motif of two Buddhas sitting side by side, a representation that came to be known as the rule by “Two Sages,” meaning tandem rulers depicted in the guise of buddhas. The source for the image was the popular Buddhist text, the “Lotus Sūtra.”

    She also attempted to put her own granddaughter on the throne after the death of her son. As I argue in my book, she did so by capitalizing on the idea that first her son, and then her granddaughter, were thought of as the bodhisattva Maitreya, a being of infinite compassion who is believed to be the future Buddha.

    The empress dowager’s legacy

    Empress Dowager Ling was largely unsuccessful in her bid for power. Her rule was short and contested. She was murdered, and her empire was toppled within 13 years of her rule. For five of those years, she was not in power because of a coup d’etat.

    However, about 150 years after the assassination of the empress dowager, another woman would rise to rule China independently, this time taking the title of “emperor.” That woman is known as Empress Wu, or Emperor Wu Zhao, and she is undoubtedly the most famous woman in all of Chinese history. Numerous historical sources attest to her life, work and rule.

    What those sources tell us, however, is that she ruled using the very same strategies as Empress Dowager Ling. Investing her own family heritage in distant links to the Taghbach, she also positioned herself as a “Two Sage” ruler alongside the emperor in precisely the same way that Empress Dowager Ling did. She was also able to successfully establish herself as the bodhisattva Maitreya by using Buddhist texts known to Empress Dowager Ling and her court.

    She patronized the very same Buddhist structures as did Empress Dowager Ling, including the Buddhist caves at Longmen, just outside of Luoyang. However, she accomplished what Empress Dowager Ling could not – holding onto power successfully. I argue her success was possible because Empress Dowager Ling had paved the way.

    Stephanie Balkwill 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. Remembering China’s Empress Dowager Ling, a Buddhist who paved the way for future female rulers – https://theconversation.com/remembering-chinas-empress-dowager-ling-a-buddhist-who-paved-the-way-for-future-female-rulers-251132

    MIL OSI – Global Reports

  • MIL-OSI: Green Rain Solar Partners with ChargeTronix for EV Expansion

    Source: GlobeNewswire (MIL-OSI)

    Key Overview:

    • Green Rain Solar Partners with ChargeTronix for EV Charging Expansion
      Green Rain Solar, a subsidiary of The Now Corporation (OTC: NWPN), has secured a reseller agreement with ChargeTronix to distribute state-of-the-art EV charging stations across North America, advancing sustainable energy solutions.
    • Strategic Growth in Hospitality: EV Charging at Hilton Locations
      Green Rain Solar has identified 13 Hilton locations for EV charging installations, supporting Hilton’s sustainability initiatives while expanding its presence in the hospitality sector and urban EV infrastructure.
    • White-Label EV Charging Solutions for Businesses
      The partnership allows Green Rain Solar to offer white-labeled EV charging stations, enabling businesses to integrate branded, clean energy solutions that drive EV adoption and sustainable growth.

    PASADENA, Calif., March 17, 2025 (GLOBE NEWSWIRE) — The Now Corporation’s (OTC: NWPN) wholly-owned subsidiary, Green Rain Solar Inc., has entered into a reseller agreement with ChargeTronix, Inc., a leading manufacturer and distributor of electric vehicle supply equipment (EVSE). This partnership positions Green Rain Solar to accelerate its impact in the renewable energy and electric vehicle (EV) sectors by providing advanced EV charging solutions under its white-label branding.

    This agreement allows Green Rain Solar to resell ChargeTronix’s state-of-the-art EV charging stations across North America. Through this collaboration, Green Rain Solar strengthens its commitment to sustainable energy solutions, contributing to the growing adoption of EVs while enhancing the EV infrastructure in urban markets.

    As part of this partnership, Green Rain Solar has already identified 13 Hilton locations as ideal candidates for EV charging station installations, further expanding its presence in the hospitality sector. These installations will play a key role in supporting Hilton’s sustainability initiatives and providing convenience for EV drivers.

    Alfredo Papadakis, CEO of The Now Corporation, commented: “This partnership with ChargeTronix aligns perfectly with our mission to transform urban energy infrastructure. By integrating EV charging into our renewable energy solutions, Green Rain Solar is setting a new standard for innovation and sustainability.”

    This agreement also enables Green Rain Solar to offer customized, white-labeled EV charging solutions, allowing businesses to showcase their own branding while promoting clean energy initiatives.

    With the addition of 13 new Hilton locations and the strategic capabilities offered by ChargeTronix’s advanced technology, Green Rain Solar is poised to revolutionize the EV charging landscape, further cementing its position as a leader in urban renewable energy solutions.

    About The Now Corporation (OTC: NWPN):

    The Now Corporation is a diversified holding company focused on acquiring and developing innovative technologies and sustainable solutions. Through its subsidiaries, the company is committed to driving positive change in industries such as renewable energy, electric mobility, and advanced manufacturing.

    About Green Rain Solar Inc.:

    Green Rain Solar Inc., a subsidiary of The Now Corporation, specializes in the design, installation, and maintenance of solar energy systems and EV charging infrastructure. With a focus on sustainability and innovation, Green Rain Solar is dedicated to helping businesses and communities transition to clean energy.

    For more information, visit: https://greenrainenergy.com/

    Forward-Looking Statements:

    This press release contains forward-looking statements under the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may include expectations for future events, financial results, and growth prospects, subject to risks and uncertainties. The Now Corporation undertakes no obligation to publicly update any forward-looking statements except as required by applicable laws.

    Press Contact:

    Michael Cimino
    Email: Michael@pubcopr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc3defb7-0439-49b8-a6f7-d19bb0176ca0

    The MIL Network

  • MIL-OSI: Ethical Web AI Launches “AI Vault,” a Groundbreaking Enterprise SaaS Solution Designed to Protect Subscribers from Various AI Threats

    Source: GlobeNewswire (MIL-OSI)

    • Company Enters $1 Billion Marketplace Projected to Double by 2029
    • Advanced Beta Version is Being Demo’d to Major Prospective Partners
    • New Patent Filing, Company Infrastructure Build-out, Expected in 2Q-25

    NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) — Ethical Web AI (d/b/a Bubblr Inc.) (OTCQB: BBLR), a leader in Generative AI innovation, today announced that it has launched its groundbreaking Generative AI enterprise security product – AI VaultTM. AI Vault is a groundbreaking, generative AI-powered enterprise security software-as-a-service (SaaS) solution built upon Ethical Web AI’s growing AI intellectual property estate, including 3 US patents that have been developed over the past two years.

    As a further enhancement of this product launch, Ethical Web AI has filed a new US patent (app.no. 19055968) titled Sensitive Data Protection for Generative AI. This patent describes a key process of dynamically detecting sensitive terms in Generative AI prompts.

    As was previously outlined in its February 5 news release as the Company’s next strategic initiative, this enterprise-level SaaS product is designed to protect enterprises from emerging cyber threats posed by uncontrolled employee use of ChatGPT, DeepSeek, and their peers while ensuring clients’ sensitive information remains protected and confidential.

    Leveraging advanced generative AI, AI Vault enhances threat detection, response, and prevention with real-time redaction of the subscribers’ critical data. It has been designed specifically for AWS customers to become a seamless component of a scalable, secure Gen AI Marketplace enterprise proposition.

    Twenty-seven per cent of enterprises have banned generative AI applications such as ChatGPT, according to the 2024 Cisco Data Privacy Study published in January 2025. The productivity, process optimization, and customer service benefits expected from widespread, growing commercial and enterprise AI adoption are being lost or threatened by poorly understood and inadequately managed risks.

    Analysts at The Business Research Company project the Generative AI-in-security addressable market to see exponential growth in the next few years – from $0.8 billion in 2024 to $2.04 billion in 2029 at a compound annual growth rate (CAGR) of 20.6%. Its report states, “The growth in the historical period can be attributed to the rise in cyber threats, the big data explosion, the development of generative models, new security challenges due to the vast number of connected devices, and real-time threat detection and response.”

    According to Fortune Business Insights, the broader, US generative AI market size was valued at $21.87 billion in 2023 and is projected to reach an estimated value of $220.27 billion by 2032, “driven by technological advancements, increased cloud adoption, demand for automation, and significant venture capital investments.”

    Commenting on the AI Vault launch, Chief Executive Officer Tom Symonds said, “We’re thrilled to introduce a uniquely smart and feature-rich security solution for cloud-based enterprise users of generative AI. With 27 per cent of enterprises banning their employees’ use of AI, we are offering a highly cost-effective, seamlessly integrated solution that we are confident will accelerate AI adoption globally by ensuring its privacy and safety.”

    “We are privately demonstrating AI Vault in beta to highly prospective partners. Going forward, as we are approaching commercialization, we expect to publish our detailed demo program in the next few weeks,” Mr. Symonds added. “We are making solid progress building out a deliberately lean but robust corporate infrastructure to include adding a Chief Revenue Officer, publishing a new investor presentation deck, and upgrading our website content for clients and shareholders.”

    How AI Vault Works
    AI Vault serves as a secure generative AI aggregator, ensuring that third-party content providers (such as OpenAI) cannot trace the origin of user prompts. This anonymization guarantees complete confidentiality for enterprise users. Further, its Automated Redaction Engine instantly redacts sensitive terms in communications and logs, ensuring compliance and confidentiality.

    Key AI Vault Features

    • AI-Driven Threat Intelligence: Uses generative AI to analyze vast datasets and identify patterns indicative of cyber threats.
    • Real-Time Anomaly Detection: Continuously monitors network activity to detect and neutralize threats before they cause harm.
    • Adaptive Security Framework: Evolves with emerging threats, ensuring long-term protection against AI-powered cyberattacks.

    Key AI Vault Benefits

    • Bundled AI Licenses with Secure Architecture
      Unlike other solutions that require businesses to procure separate generative AI licenses, AI Vault provides cost-effective pre-integrated AI licenses as part of its turnkey package.
    • Fully Encrypted Enterprise Deployment
      AI Vault operates within a dedicated AWS environment for each client, containerizing product components — including an AWS RDS instance that stores all AI-generated prompts and responses.
    • Advanced-Data Redaction & Contextual Sensitivity Detection
      AI Vault uniquely identifies explicitly defined sensitive terms and suggests additional potentially sensitive terms through LLM-based Named Entity Recognition (NER).
    • Patent-Protected Secure Workflow
      AI Vault executes a structured, end-to-end anonymized process.
    • Multimedia Integration and Real-Time Data Handling
      AI Vault provides rapid, turnkey, effortless deployment requiring no bespoke integration into existing infrastructure.
    • Cost-Effective and Scalable
      As an aggregated AI solution, AI Vault not only enhances security but also reduces generative AI costs by 25 per cent.

    About Ethical Web AI
    Ethical Web AI is an AI-based cybersecurity technology company currently commercializing its enterprise AI VaultTM solution. Built upon its powerful IP and patent estate, it is the first in a planned suite of SaaS products to champion a private, safe, and high-value AI experience.

    AI Vault initially targets the global enterprise marketplace with innovative solutions that protect businesses from advanced threats.

    Media and investor contact – tom.symonds@ethicalweb.ai

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the Company’s current plans and expectations, future operations, and financial condition. The Company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    The MIL Network

  • MIL-OSI Economics: Samsung’s SmartThings Flex Connect Expands Reach to Maximize Energy Savings and Rewards

    Source: Samsung

    SmartThings, Samsung’s global connected living platform, today announces the expansion of its Flex Connect program with Leap into PJM Interconnection LLC (PJM). Originally launched to California and New York in July 2024, the program saw rapid success, prompting Samsung to expand access to Texas in December 2024, and now to PJM in early March. This expansion to the largest wholesale electricity market in the U.S. enables more consumers to access energy-saving opportunities, reinforcing SmartThings’ commitment to providing user choice and sustainable solutions.
    With the expanded reach of Flex Connect, SmartThings users across the Mid-Atlantic and greater Chicago now have greater access to participate in demand response (DR) events that help stabilize the energy grid while lowering their energy costs. Consumers can automate their smart home devices—including thermostats, plugs, air conditioners, lights, TVs, and appliances—to participate in energy-saving initiatives effortlessly, maximizing their savings without sacrificing comfort.

    Enhancing Consumer Choice with the Largest Smart Home Ecosystem
    SmartThings offers the largest ecosystem of connected devices, giving consumers unparalleled flexibility in how they can engage with DR programs. Unlike traditional DR initiatives with limited device compatibility, Flex Connect allows a broad range of smart devices to integrate seamlessly, ensuring users can participate in a way that best suits their home setup.
    Eligible users can enroll supported devices through SmartThings Energy, a service within the SmartThings app, and select their preferred automation settings. When the grid is under stress, enrolled devices will automatically adjust energy consumption, helping consumers reduce their usage while maintaining comfort. Users who do not own supported devices can still participate by receiving energy-saving tips and taking manual actions to conserve energy.

    Transforming the Demand Response Experience
    Historically, DR programs required significant manual intervention and offered limited device compatibility. With SmartThings Energy, Samsung has unlocked whole-home DR participation by providing seamless automation, energy usage insights, and AI-powered energy management.
    Flex Connect allows users to:
    Earn Rewards – Enrolled users receive $50 in Samsung Rewards Points for participating in energy-saving events, making sustainability financially beneficial to users.
    Automate Energy Savings – SmartThings devices intelligently adjust energy use based on grid demand, efficiently saving users energy without compromising convenience.
    Customize Their Experience – Consumers have full control over which devices participate and how they respond to DR events, reinforcing SmartThings’ core mission of user empowerment.

    Empowering Consumers and Strengthening the Grid
    Grid pressures are projected to continue to intensify across the U.S., with the North American Electric Reliability Corporation projecting a 15% increase in summer peak demand and an 18% increase in winter peak demand over the next decade. With the Flex Connect program now supporting 32% of the U.S. population, according to U.S. Census data, Samsung is now a vital player in managing the increased energy demand–and at a crucial time, when energy demand is rising, supply is constrained, electricity prices are increasing for customers, and grid stability is threatened.
    “With SmartThings, we’re giving consumers the power to choose how they engage with their energy use while contributing to a more sustainable future,” said Chanwoo Park, Executive Vice President of B2B Integrated Offering Center at Samsung Electronics. “Expanding Flex Connect with Leap in the Mid-Atlantic and Chicago regions means more users can experience the benefits of automation, energy savings, and financial incentives—all while supporting a more resilient grid.”

    SmartThings remains at the forefront of innovation, creating new opportunities for consumers to participate in demand response programs effortlessly. Programs like Flex Connect are vital in managing the increased energy demand while providing financial and environmental benefits. The Flex Connect expansion marks a significant step toward a smarter, more efficient, and consumer-driven energy future.
    For more information, please visit www.smartthings.com.

    MIL OSI Economics

  • MIL-OSI: Bread Financial Provides Performance Update for February 2025

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, March 17, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated:

      For the
    month ended
    February 28, 2025
      For the
    month ended
    February 29, 2024
      (dollars in millions)
    End-of-period credit card and other loans $ 17,949     $ 18,391  
    Average credit card and other loans $ 18,141     $ 18,541  
    Year-over-year change in average credit card and other loans   (2 %)     (6 %)
    Net principal losses $ 120     $ 131  
    Net loss rate   8.6 %     8.9 %
      As of
    February 28, 2025
      As of
    February 29, 2024
      (dollars in millions)
    30 days + delinquencies – principal $ 1,027     $ 1,130  
    Period ended credit card and other loans – principal $ 16,506     $ 16,962  
    Delinquency rate   6.2 %     6.7 %
                   

    About Bread Financial®  
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.  

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions.

    We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including market conditions, inflation, interest rates, labor market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; global political and public health events and conditions, including ongoing wars and military conflicts and natural disasters; future credit performance, including the level of future delinquency and write-off rates; the loss of, or reduction in demand from, significant brand partners or customers in the highly competitive markets in which we compete; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including the amount of our Allowance for credit losses and our credit risk management models; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions with respect to late fees, interchange fees or other charges; impacts arising from or relating to the transition of our credit card processing services to third party service providers that we completed in 2022; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any tax or other liability or adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries and subsequent litigation or other disputes. In addition, the Consumer Financial Protection Bureau (CFPB) has issued a final rule that, absent a successful legal challenge, will place significant limits on credit card late fees, which would have a significant impact on our business and results of operations for at least the short term and, depending on the effectiveness of the mitigating actions that we have taken or may in the future take in anticipation of, or in response to, the final rule, may potentially adversely impact us over the long term; we cannot provide any assurance as to the effective date of the rule, the result of any pending or future challenges or other litigation relating to the rule, or our ability to mitigate or offset the impact of the rule on our business and results of operations. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

    Contacts

    Brian Vereb — Investor Relations 
    Brian.Vereb@breadfinancial.com 

    Susan Haugen — Investor Relations 
    Susan.Haugen@breadfinancial.com

    Rachel Stultz — Media
    Rachel.Stultz@breadfinancial.com   

    The MIL Network

  • MIL-OSI Asia-Pac: Web summit to be held in HK

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong and World Internet Conference (WIC) Secretary General Ren Xianliang announced today the launch of the WIC Asia-Pacific Summit 2025 in Hong Kong.

    Under the theme “Integration of AI & Digital Technologies Shaping the Future – Jointly Building a Community with a Shared Future in Cyberspace”, the event will be staged at the Convention & Exhibition Centre on April 14 and 15.

    For the first time, the WIC has designated Hong Kong to host the Asia-Pacific summit.

    The bureau said the summit is expected to attract around 1,000 participants from the Mainland and overseas, including representatives from governments and enterprises, international organisations, leading corporations, experts and scholars.

    Through exploring the latest trends in various technology areas, as well as in-depth exchanges of views and experiences, the event aims to enable all parties to seize the development opportunities brought about by digital and intelligent transformation, promoting high-quality development in innovation and technology (I&T), strengthening digital collaboration, and creating new momentum and new advantages for the development of the Asia-Pacific region.

    At a press conference today, Prof Sun pointed out that the WIC choosing Hong Kong as the host affirms the city’s pivotal role of bridging China and the world as a dual platform, further strengthening its position as an international I&T centre.

    The summit is expected to deepen regional co-operation in the I&T field, support Hong Kong’s development into an international I&T centre, and foster the development of the digital economy across the Asia-Pacific region, he added.

    The event is organised by the Hong Kong Special Administrative Region Government and co-organised by the Innovation, Technology & Industry Bureau. In addition to the opening ceremony and the main forum on “The Future of Digital Intelligence”, there will be three sub-forums themed “Large Artificial Intelligence Models”, “Digital Finance” and “Digital Government & Smart Life”, where internationally renowned speakers will share their insights.

    A government-enterprise dialogue session, a cybersecurity emergency response advanced training programme, and an information meeting on Practice Cases & Awards for Pioneering Science & Technology will also be held.

    MIL OSI Asia Pacific News