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Category: Machine Learning

  • MIL-OSI: 7/2025・Trifork Group AG – Initiation of share buyback program

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 7 / 2025
    Schindellegi, Switzerland – 28 February 2025


    Initiation of share buyback program

    Today, Trifork Group AG (“Trifork”) announces that the Board of Directors has decided to initiate a share buyback program of up to DKK 14.92 million (approximately EUR 2.0 million). 

    The share buyback program is initiated pursuant to the decision of the Board of Directors taken on 28 February 2025 to acquire own registered shares with a nominal value of CHF 0.10 each.

    The purpose of the program is to meet Trifork’s obligations pursuant to the employee stock program and potentially to reduce the share capital by cancellation of shares, if and to the extent so decided in the future by the Board of Directors, by use of the new capital band set forth in the articles of association of Trifork, which were approved by the annual general meeting on 19 April 2024.

    The share buyback program is planned to run from 4 March 2025 up to and including no later than 30 June 2025. The buyback program will not be active from 9 April to 15 April 2025.

    The share buyback program will be executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Regulation”).

    Trifork has appointed Danske Bank A/S as lead manager of the share buyback program. Under a separate agreement, Danske Bank A/S will within the announced limits buy back shares on behalf of Trifork and make related trading decisions independently of and without influence by Trifork.

    The share buyback program will be implemented under the following terms:

    • The maximum total consideration for shares bought back will be DKK 14.92 million (approximately EUR 2.0 million).
    • The maximum number of shares to be bought back is 400,000, equivalent to 2.0% of the outstanding registered number of shares of Trifork.
    • The maximum number of shares that may be purchased per daily market session may not exceed 25.0% of the average daily volume of Trifork’s shares traded on Nasdaq Copenhagen during the preceding 20 trading days.
    • Shares cannot be bought back at a price exceeding the higher of (i) the share price of the last independent transaction on Nasdaq Copenhagen, and (ii) the highest independent bid on the shares on Nasdaq Copenhagen.
    • On a weekly basis, Trifork will announce transactions made under the share buyback program in accordance with the reporting obligations imposed by the Safe Harbour Regulation.
    • The shares will be acquired through public trading on Nasdaq Copenhagen.
    • Trifork is entitled to suspend or terminate the share buyback program at any time. Such a decision will be disclosed in a company announcement.

    Prior to the launch of the share buyback program, Trifork holds 289,640 treasury shares corresponding to 1.5% of the total share capital.


    Investor and media contact

    Frederik Svanholm, Group Investment Director & Head of Investor Relations
    frsv@trifork.com, +41 79 357 73 17


    About Trifork

    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    • CA_7_2025_Buyback

    The MIL Network –

    February 28, 2025
  • MIL-OSI: Nokia to modernize data center infrastructure for Maxis #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia to modernize data center infrastructure for Maxis #MWC25

    • Data center refresh to support digital transformation for Malaysian service provider in expanding Southeast Asia market.
    • Nokia to deploy data center switches and automation platform for improved scale, reliability and simplicity.

    28 February 2025
    Espoo, Finland – Nokia today announced a significant upgrade to the data center infrastructure of Maxis, Malaysia’s leading integrated telecommunications provider, aimed at enhancing connectivity and scalability with Nokia’s data center switches and Event-Driven Automation (EDA) platform. The deployment will support Maxis’s business growth by providing a scalable, secure, and efficient data center architecture.

    The modernization of Maxis’ data center connectivity technology will help the company simplify network operations, solve issues faster and automate workloads, all on a robust and secure infrastructure.

    Nokia will deploy its cutting-edge 7220 Interconnect Router (IXR) data center switches and EDA technology across multiple Maxis data centers. This upgrade will enable Maxis to provision infrastructure resources without delay, reduce complexity and ensure secure applications running in the network can scale gracefully.

    “This expansion of our longstanding collaboration with Nokia will drive next-generation connectivity in anticipation of customers’ growing needs. It reflects Malaysia’s emergence as a hub for data centers and hyperscalers, in line with greater adoption of AI-enabled cloud infrastructure. This initiative will enhance our network capabilities, ensuring we are able to continue providing best-in-class connectivity-adjacent solutions powered by fast, secure and reliable connectivity,” said Goh Seow Eng, Chief Executive Officer at Maxis.

    “Data center networks are critical infrastructure and need to be extremely reliable while also being simple to deploy and operate. We are pleased to work with Maxis to modernize their data center infrastructure with our advanced data center switches and EDA technology to provide Maxis with a future-proof architecture that is scalable, resilient, and easy to deploy. This collaboration is a testament to the strength of our technology and our commitment to supporting our customer’s growth in the booming data center market in Southeast Asia,” added Ming Kin Ngiam, Head of Southeast Asia South for Network Infrastructure at Nokia.

    Nokia is helping cloud builders worldwide to build modern data center networks that are highly reliable, secure and easy to operate – which is essential to meet the growing demands of AI workloads globally. Nokia’s EDA ensures faster response times, reduces manual effort, minimizes errors, consumes less compute resources and handles network-wide operations at scale with consistent performance. By proactively resolving issues, it boosts reliability and reduces operational costs.

    The Nokia 7220 IXR, a key component of Nokia’s Data Center Fabric solution, provides fixed-configuration, high-capacity platforms that offers unmatched scale, flexibility and operational simplicity to data center and cloud environments. These scalable next-generation platforms are designed to meet the high connectivity and density demands of webscale companies, service providers and enterprises.

    Multimedia, technical information and related news 
    Web Page: Nokia Data Center Networks
    Product Page: Nokia EDA
    Product Page: Nokia 7220 IXR

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network –

    February 28, 2025
  • MIL-OSI Russia: NSU Master’s students took part in the “Forum of Future Technologies”

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    The forum has been held at the initiative of the President of Russia since 2023. This year, it was attended by about 1,800 people from the fields of science, technology, politics and business from all over Russia. Among them are master’s degree students Physics Department of NSU, employees of the Institute of Hydrodynamics named after. M.A. Lavrentyeva Alexander Paraskun and Artur Asylkaev.

    The forum’s business program included 37 sessions. The key event of the forum was the plenary session with the participation of Russian President Vladimir Putin.

    — The level of development of materials science is a kind of marker of the level of technology of the country as a whole. Thus, for the synthesis of superheavy elements with numbers 119 and 120, accelerator targets based on intermetallic compounds of berkelium-249 and californium and curium, respectively, are needed. The discovery of new elements expands our knowledge of matter, and it is important to note that it was in our country that the element with atomic number 118, related to inert gases, was synthesized, but its properties are very different from other representatives of the group, — said Alexander Paraskun, a master’s student at the Physics Department of NSU.

    NSU representatives took part in several panel discussions in their fields.

    — Several panel discussions were taking place in parallel, so we visited the most interesting and closest to our specialty. Important topics were discussed at the session “Nature-like technologies: restoring the balance between the biosphere and the technosphere”. Biologization of the technosphere is one of the tasks of the century. However, without understanding how nature works at the molecular level, we will not be able to create nature-like technologies, which is exactly what megascience research facilities are needed for, — noted Alexander Paraskun.

    For two days, the forum featured an exhibition where high-tech companies from all over the country presented their innovative developments. These included titanium products, including those used in the medical field, plant growth stimulants, and 3D-printed intervertebral disc prostheses. Projects created using artificial intelligence were also presented.

    — Visiting the Future Technologies Forum is like looking into tomorrow. Here, ideas turn into projects, and an ordinary conversation can become the beginning of something grand. One of the key topics of discussion was innovative materials. For example, materials with extreme characteristics open up wide opportunities for increasing the efficiency of devices in such areas as energy, transport, aircraft engine building and space technologies. Their unique ability to withstand extreme conditions — high temperatures, pressure, mechanical loads and aggressive chemical environments — makes them indispensable for creating more reliable and efficient solutions, — shared his impressions Artur Asylaev, a master’s student at the NSU Physics Department.

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

    MIL OSI Russia News –

    February 28, 2025
  • MIL-OSI Economics: Well into the Future: A Recap of Panasonic at CES 2025

    Source: Panasonic

    Headline: Well into the Future: A Recap of Panasonic at CES 2025

    Exhibiting at this premier consumer technology event for the 58th consecutive year, Panasonic used the theme “Well into the future” to express the company’s vision of utilizing AI and data-driven businesses to build a more resilient and sustainable future for generations to come. The event began with a keynote delivered by CEO Yuki Kusumi, who was joined by leaders from across the company to explain what’s to come for Panasonic and how they’re working to create a better global society and planet.

    Under the theme “Well into the future,” Yuki Kusumi marked a new chapter for Panasonic’s commitment to innovation, emphasizing AI expansion and initiatives like Panasonic Go. By 2035, 30% of revenue will come from software and AI-enabled solutions.

    As part of Panasonic GREEN IMPACT’s commitment to addressing global environmental issues, the company announced the expansion of Panasonic HX in Europe, the production and recycling of automotive lithium-ion batteries, and the launch of OASYS, a whole-house air conditioning system designed for energy efficiency.

    As part of Panasonic Go, Blue Yonder continues to deliver safe, sustainable solutions through its global supply chain. And Panasonic Well introduced Umi, a digital family wellness service that supports families via an app. The company also announced various partnerships, including one with Anthropic, Inc., to further promote Panasonic Go.

    Click here for the article.

    CES 2025 was attended by over 141,000 people, and this year’s Panasonic booth led visitors through the story of the company’s shift toward AI and data-driven businesses, exemplified by Umi, a digital wellness coach using AI to help families build healthy habits and routines.

    Carbon Neutral and Circular Economy—two areas in the exhibition space—introduced solutions and technologies that will be contributing to achieving the goals established under Panasonic’s long-term environmental vision, Panasonic GREEN IMPACT.

    Watch this interview with Mike King, Director of Brand Marketing & Creative Services, to see how Panasonic aimed to use storytelling at this year’s booth to emphasize their 100-year commitment to improving people’s lives.

    Click here for the article.

    The seventh episode of the Panasonic PR People Vlog takes you behind the scenes at CES 2025, featuring keynote preparations and must-see booth exhibits recommended by our team. If you missed it, watch here.

    Find more CES-related content here: CES 2025 Press Kit

    MIL OSI Economics –

    February 28, 2025
  • MIL-OSI Asia-Pac: President Lai presides over third meeting of Healthy Taiwan Promotion Committee

    Source: Republic of China Taiwan

    Details
    2024-11-28
    President Lai presides over second meeting of Healthy Taiwan Promotion Committee
    On the afternoon of November 28, President Lai Ching-te presided over the second meeting of the Healthy Taiwan Promotion Committee. In his opening statement, the president said that we are implementing mental health support programs this year to provide more support for young and middle-aged people, pointing out that the policy has served over 20,000 people since it was implemented just over three months ago. In terms of bolstering mental health resiliency, the president said we still have much to do, our government must lead by example, and the public and private sectors must work together, making every effort to ensure that no one is left behind. Noting that our goal is to reduce the standardized cancer mortality rate by one-third by the year 2030, President Lai stated that next year’s budget for cancer screening will be increased to NT$6.8 billion. He also stated that plans are in the works to establish a fund for new cancer drugs, adding that in the general budget we will allocate NT$5 billion, which will gradually rise to NT$10 billion. At the same time, he said, we are also actively promoting genetic testing and precision medicine. He expressed confidence that expanding preventive screening at the front end and providing advanced treatments at the back end will effectively fight cancer and improve the overall health of our citizens. A translation of President Lai’s opening statement follows: Today is the second meeting of the Healthy Taiwan Promotion Committee. First, I want to thank our two deputy conveners, our advisors and committee members, and our friends online for their enthusiastic participation. I also want to welcome Committee Member Chien Wen-jen (簡文仁), who was on leave for the previous meeting. I would also like to introduce three new committee members: Let’s welcome Committee Member Huang Chin-shun (黃金舜), president of the Federation of Taiwan Pharmacists Associations. During the pandemic, he led the nation’s pharmacists in promoting services including name-based distribution systems for masks and rapid-test kits and home delivery of medications. I am sure that he will be able to provide many valuable views regarding pharmaceutical safety and supply resilience.    Let’s also welcome Committee Member Ko Fu-yang (柯富揚). During his time as secretary-general of the National Union of Chinese Medical Doctors’ Association, he led the Chinese medicine community in the transition from experience-based medicine to evidence-based medicine, and promoted the modernization of traditional Chinese medicine. With his participation, the committee will be able to spur research and development in both modern and traditional medicine. Our third new committee member is Liao Mei-nan (廖美南), president of the Taiwan Nurses Association, who was unable to be here today. She has long been dedicated to raising the quality of nursing care and actively promoting a high-quality, friendly work environment for nurses. The committee will rely on her experience to strengthen the link between policy and practice in nursing care. I want to thank all the members of the committee once again for working together with the government. Since the last committee meeting, under the guidance of Minister without Portfolio Chen Shih-chung (陳時中), the Ministry of Health and Welfare (MOHW) has implemented various policies. At the beginning of October, for example, three major AI centers were set up to resolve three key AI application issues: implementation, certification, and reimbursement, helping advance Taiwan’s smart healthcare ecosystem. At today’s meeting, the MOHW will first deliver a report on the progress of certain items listed in the first committee meeting, followed by a joint report by the MOHW and Ministry of Education on bolstering public mental health resilience and a report by the MOHW on enhancing cancer prevention and treatment strategies.  The World Health Organization has affirmed that “there is no health without mental health.” In a fast-changing, fast-paced society, the government should invest more resources in the field of mental health to safeguard the people’s overall health. We are therefore implementing mental health support programs this year and expanding the range of eligibility, from 15 to 30, to 15 to 45 years old, to provide more support for young and middle-aged people. That policy has served over 20,000 people since it was implemented just over three months ago. In terms of bolstering mental health resiliency, we still have much to do. From the workplace to the campus and every corner of society, our government must lead by example, and the public and private sectors must work together, making every effort to ensure that no one is left behind.    Aside from mental health, in view of cancer being the leading cause of death in Taiwan for 42 consecutive years, our goal is to reduce the standardized cancer mortality rate by one-third by the year 2030. And so we must expand screening and advance treatment. Last year, the government subsidized screenings for five types of cancer, providing a total of 4.87 million screenings and detecting 11,000 cases of cancer and 52,000 cases of precancerous conditions. We have allocated an additional NT$4 billion beginning next year, bringing the total budget for cancer screening to NT$6.8 billion, to expand the scope of cancer screening eligibility and services.  Plans are also in the works to establish a fund for new cancer drugs. In next year’s general budget we will allocate NT$5 billion, which will gradually rise to NT$10 billion, to provide reimbursement funding for a variety of new cancer drugs and reduce the economic burden on patients. These new measures will be reported on in detail moments from now by the MOHW. At the same time, we are also actively promoting genetic testing and precision medicine. Next generation sequencing, for example, has already been included in National Health Insurance coverage, which will help provide patients with precise, individualized treatment strategies. I am confident that expanding preventive screening at the front end and providing advanced treatments at the back end will effectively fight cancer and improve the overall health of our citizens. Today’s meeting will help the government understand viewpoints from many perspectives so we can promote policies that more closely meet the public’s needs. Let’s keep working hard together. Thank you.  Following his statement, President Lai heard a report on the progress of certain items listed in the first committee meeting from deputy executive secretary and National Health Insurance Administration Director General Shih Chung-liang (石崇良), a joint report on bolstering public mental health resilience from Deputy Minister of Health and Welfare Lin Ching-yi (林靜儀) and Deputy Minister of Education Lin Teng-chiao (林騰蛟), and a report on enhancing cancer prevention and treatment strategies from Deputy Minister of Health and Welfare Chou Jih-haw (周志浩). Afterward, President Lai exchanged views with the committee members regarding the content of the reports.  

    Details
    2024-11-28
    President Lai presides over first meeting of Healthy Taiwan Promotion Committee
    On the afternoon of August 22, President Lai Ching-te presided over the first meeting of the Healthy Taiwan Promotion Committee. As the committee’s convener, the president presented committee members with their letters of appointment, and explained that the Healthy Taiwan Promotion Committee is not just about promoting a Healthy Taiwan, but also achieving a Balanced Taiwan. The president stated that the committee spans various areas of expertise, and also considers the balance of Taiwan’s northern, central, southern, and eastern regions. The president expressed confidence that by soliciting a wide range of suggestions, engaging in diverse dialogue, and forging a consensus, the committee can help to realize health equality and further elevate the standard of medical care in Taiwan. President Lai indicated that next year, the Ministry of Health and Welfare’s total budget will be increased, along with expanded investment in medical treatment and care. In addition, he reported that the central government budget has also added a National Health Insurance (NHI) financial assistance program, which will help to enhance the work environments of healthcare professionals. The president stated that we will also launch the Healthy Taiwan Cultivation Plan to help rear talent and develop smart medicine. These budgets and programs, President Lai stated, reflect the government’s determination to create a Healthy Taiwan, and prove that “Healthy Taiwan” is not just a slogan, and has already been turned into concrete action. A translation of President Lai’s opening statement follows: At the end of my first month in office, I announced that the Presidential Office will establish three committees in response to three major global issues of nationwide concern: climate change, health promotion, and social resilience. These committees will consolidate forces from different sectors to strategize on national development. At the beginning of this month, we convened the first meeting of the National Climate Change Committee. Today, we convene the first meeting of the Healthy Taiwan Promotion Committee. I would like to thank the three deputy conveners and all advisors and committee members for making a commitment to the Healthy Taiwan Promotion Committee. I also want to thank our fellow citizens and friends joining us online to follow the committee’s proceedings. During my campaign, I was constantly thinking about what I could contribute to our people that is different from past presidents if I were fortunate enough to be elected. After a lot of thought, I felt that as a physician, I should utilize my professional background in health care and work together with people from all sectors of society to help create a Healthy Taiwan. Healthy Taiwan is our goal, and health is both a basic human right and a universal value. Health promotion not only involves the well-being of a nation’s people, but is also of great concern to humankind so that we may survive and thrive. Taiwan is a responsible member of the international community. Amid the challenges of the pandemic over the past few years, we have shared disease prevention supplies, technology, and experience with countries around the world, and have continued to contribute to the global public health system. Going forward, Taiwan must actively address critical health-related challenges, including cancer, transnational communicable diseases of unknown origin, antibiotic-resistant superbugs, a low birth rate, and an aging society. We are confident that, sharing countermeasures and experience with countries around the world, we can keep people healthy and make the nation stronger so that the world embraces Taiwan. I want to thank former Superintendent of National Cheng Kung University Hospital Chen Jyh-hong (陳志鴻), who is also a mentor of mine, for organizing five regional forums and a national forum for the Healthy Taiwan Promotion Alliance this past March and April. Over 1,200 healthcare professionals from all over the country attended the forums and shared their views. Premier Cho Jung-tai (卓榮泰), Vice Premier Cheng Li-chiun (鄭麗君), and I were also invited to attend the national forum and participate in full. I also want to thank the experts from various fields for their suggestions throughout this process, which became key reference points for promoting policies after we took office on May 20. The position paper on the table in front of you is a compilation of those valuable insights, which will be the foundation of our future actions. To implement the Healthy Taiwan initiative, we must also achieve a Balanced Taiwan. Therefore, the Healthy Taiwan Promotion Committee established today not only spans various areas of expertise, but also considers the balance of Taiwan’s northern, central, southern, and eastern regions to achieve nationwide health equality. I want to thank the nine advisors here with us today: Superintendent Wu Ming-shiang (吳明賢), Superintendent Chen Wei-ming (陳威明), Chairman Cherng Wen-jin (程文俊), President Chiu Kuan-ming (邱冠明), and Chairman Chang Hong-jen (張鴻仁) from northern Taiwan; Superintendent Chen Mu-kuan (陳穆寬) from central Taiwan; Superintendent Lin Sheng-che (林聖哲) and President Yu Ming-lung (余明隆) from southern Taiwan; and Superintendent Lin Shinn-zong (林欣榮) from eastern Taiwan. Your participation will give us a better understanding of viewpoints from around the country. The objective of Healthy Taiwan is to raise the population’s average life expectancy while simultaneously reducing time spent living with illness or disability, while also caring for physical, mental, and spiritual health. The 20 members of the committee are therefore drawn from a variety of fields of professional expertise. We have Superintendent Chen Shih-ann (陳適安) in the field of smart medicine, Vice-Superintendent Susan Shur-fen Gau (高淑芬) in pediatric psychiatry, medical and long-term care service integration specialist Superintendent Chan Ding-cheng (詹鼎正), and emerging infectious disease specialist Director Shen Ching-fen (沈靜芬). We have also invited Professor Tsai Sen-tien (蔡森田) to provide suggestions on optimizing healthcare services and health insurance sustainability, and invited President Chou Ching-ming (周慶明) and President Huang Cheng-kuo (黃振國) to continue promoting the Family Medicine Plan and report on primary care issues. We have also recruited President Li Yi-heng (李貽恒), who put forward the 888 Program for prevention and treatment of the “three highs” (high blood pressure, high cholesterol, and high blood sugar) and kidney disease, pediatric health specialist President Ni Yen-hsuan (倪衍玄), women’s health care specialist Secretary-General Huang Jian-pei (黃建霈), and President Hung Te-jen (洪德仁), who is focused on community development. We also have Dean Shan Yan-shen (沈延盛) from the field of cancer prevention and treatment, psychiatric and mental health specialist Professor Su Kuan-pin (蘇冠賓), epidemiology expert and Emeritus Research Fellow Ho Mei-shang (何美鄉), and biomedicine and regenerative medicine specialist Professor Patrick Ching-ho Hsieh (謝清河). The committee also includes specialist in nutrition and health for all ages President Kuo Su-e (郭素娥), and expert in the promotion of physical activity and health Vice Chairman Chien Wen-jen (簡文仁). I also want to thank Chairman Lin De-wen (林德文) for participating as we work together to enhance the health and well-being of indigenous peoples. In addition, public sector participants include Minister of National Development Liu Chin-ching (劉鏡清) and Minister of Education Cheng Ying-yao (鄭英耀), as well as Minister of Health and Welfare Chiu Tai-yuan (邱泰源), who is serving as executive secretary, and NHI Administration Director General Shih Chung-liang (石崇良) serving as deputy executive secretary. Over 80 percent of the committee’s members are from the private sector, and I will take advantage of this opportunity to continue to combine the strengths of all stakeholders throughout society to promote a healthy lifestyle for one and all, and enhance medical care for all ages. At today’s first meeting of the committee, the Ministry of Health and Welfare will brief us on two topics: the first is the Healthy Taiwan vision plan, illustrating Taiwan’s current challenges and opportunities, as well as an action blueprint. The second issue is reform and optimization for NHI sustainability. Next year will mark the 30th anniversary of our NHI system. NHI is the pride of Taiwan, because health insurance can free citizens from the vicious cycle of poverty caused by illness, or illness caused by poverty. Since 2020, the NHI system has achieved a public satisfaction rate of over 90 percent. Next year, Taiwan will also become a “super-aged society,” which means that one of every five people will be a senior citizen 65 or older. Due to new pharmaceuticals of all kinds, the development of new technologies, and citizen expectations for an optimized medical practice environment, many aspects of health insurance operations will face an increasing number of challenges. The NHI system’s core values are health equality and mutual assistance for all. Better care for everyone, however, depends on sustainable NHI operations. We closely monitor NHI system point values, but also want to embody the greater values of the system. The government will continue to refine the budget system and management, rationally distribute medical resources and stabilize point values, and continue to optimize NHI finances to enhance the efficiency and quality of services. We also look forward to working with everyone to achieve sustainable NHI development, enhance health equality, and further elevate the standard of medical care in Taiwan. I also want to report that next year, the Ministry of Health and Welfare’s total budget will reach NT$370.2 billion, an increase of NT$31.8 billion over this year. The total budget is expected to allocate NT$60.7 billion to expand investment in medical treatment and care to create a Healthy Taiwan. The central government budget has also added an NHI financial assistance program that includes incentives for maintaining specified nurse-patient ratios across all three shifts and rotating night-shift nursing staff, and promoting smart information upgrades at medical facilities to enhance the work environments of healthcare professionals. We will also launch the Healthy Taiwan Cultivation Plan, investing funds to support medical institutions at all levels nationwide, rear talent, and develop smart medicine. Regarding the fund for new cancer drugs that many cancer patients care deeply about, in next year’s general budget we will allocate NT$5 billion for health insurance funding. In 2026, that figure is expected to reach NT$10 billion. We will also promote the fifth-stage national plan for cancer prevention and treatment, and beginning next year the budget for cancer screening will be increased by NT$4 billion, reaching NT$6.8 billion, to boost screening rates. I want everyone to know that these budgets and programs reflect the government’s determination to create a Healthy Taiwan. Since I took office, the government has created plans and programs to increase nursing staff levels and promote public mental health. We also launched an Acute Hospital Care at Home pilot project to provide integrated long-term and medical care services. Once again, I would like to thank everyone here today for participating, and thank our fellow citizens for their support. I also want our fellow citizens to know that Healthy Taiwan is not just a slogan, and has already been turned into concrete action. These are all concrete, substantive actions by a government team that has been in office for less than 100 days. I am confident that with the support and participation of our committee members and advisors, and through soliciting a wide range of suggestions, engaging in diverse dialogue, and forging a consensus, our actions to create a Healthy Taiwan will more closely align with society’s expectations, and we will move more quickly and steadily toward realizing our vision. Thank you. Following his statement, President Lai presented letters of appointment to the committee members, heard a report from Minister Chiu illustrating the Healthy Taiwan vision plan, and heard a report from Director General Shih on reform and optimization for NHI sustainability. Afterward, President Lai exchanged views with the committee members regarding the content of the two reports and the Rules of Procedure for Meetings of the Office of the President Healthy Taiwan Promotion Committee.

    Details
    2024-11-28
    President Lai attends opening of International Conference on Emergency Medicine 2024
    On the morning of June 20, President Lai Ching-te attended the opening ceremony of the International Conference on Emergency Medicine (ICEM) 2024. In remarks, President Lai stated that one goal of his administration is to create an even healthier Taiwan and that we will continue to strengthen our capabilities in medicine and public health to enhance health for all and help make the world a better place. The president emphasized that the global disease prevention network is something every country should be a part of, and that if any country is missing from this network, the rest of the world will be at a disadvantage. The president then asked for the participants’ support for Taiwan to participate in the World Health Organization so that we may contribute even more to the global public health system. A transcript of President Lai’s remarks follows: I would like to begin by welcoming all guests from overseas to Taiwan. ICEM is the world’s largest conference on emergency medicine. Over 2,500 experts and academics from home and abroad have gathered here for this year’s conference. This not only underlines the importance of emergency medicine, but is also a testament to global cooperation in medicine. This year also marks TSEM’s [Taiwan Society of Emergency Medicine] 30th anniversary. I would like to thank Chairperson Ng Chip-jin (黃集仁), President Hsu Chien-chin (許建清), and everyone who helped bring ICEM to Taiwan. This conference will help expand people-to-people diplomacy, showing Taiwan’s development and contributions in emergency medicine to the world. I am confident that everyone here shares my belief that health is a basic human right. And to ensure this right, emergency medical professionals are indispensable. Before entering politics, I myself worked as a clinician. I know well that emergency rooms are at the frontline of hospitals, and often the last hope for those who need lifesaving care. Especially during the COVID-19 pandemic, we all witnessed the rapid response and important support of emergency medical professionals, who gave their all for the health of others. I want to take this opportunity to express my utmost respect for your work. The theme of ICEM 2024 is Glocalization of Emergency Medicine: Global Wisdom and Local Solution. With that in mind, I hope that through clinical research, public health, smart tech, and other strategies, we can help reduce disparities in emergency medicine around the world. Here in Taiwan, we have made major progress in emergency medicine, from developing a cutting-edge trauma care system to implementing advanced strategies for disaster response. We are also committed to training highly skilled professionals in the field, as well as developing an advanced medical infrastructure. This conference will give Taiwan the opportunity to share our experience, and allow everyone to exchange best practices, engage in discussions, and promote the global development of emergency medicine. One goal of my administration is to create an even healthier Taiwan. We will continue to strengthen our capabilities in medicine and public health to enhance health for all and help make the world a better place. A healthier Taiwan also means a booming medical sector, and an even higher quality and diversity of medical services. Taiwan has had, and will continue to have, many medical accomplishments to share with the world. Today, all of you gather here to continue making global contributions through emergency medicine. The mission of IFEM [International Federation for Emergency Medicine] is to create a world where all people, in all countries, have access to high quality emergency medical care. On this point, the global disease prevention network is something every country should be a part of. If any country is missing from this network, the rest of the world will be at a disadvantage. I would like to ask for your support for Taiwan to participate in the World Health Organization, so that we may contribute even more to the global public health system. And as President Hsu Chien-chin has said, although the road is long, if we travel together, we can travel far. With this vision as our guide, alongside our friends from around the world, Taiwan will strive to achieve our common goals and realize quality healthcare for all. I wish ICEM 2024 great success, and all participants a rewarding experience. I also invite you to travel around Taiwan during your stay, and get to know our beautiful nation. Following his remarks, President Lai and the distinguished guests took part in the kick-off ceremony for the conference. IFEM President Ffion Davies was also in attendance at the event.

    Details
    2024-11-28
    President Lai meets WHA action team
    On the morning of June 1, President Lai Ching-te met with members of Taiwan’s World Health Assembly (WHA) action team. In remarks, President Lai stated that standing on the front lines, the team fought for the human right to health for both Taiwan and the world. He also thanked the international community for their support for Taiwan. The president said that Taiwan is an indispensable member of the international community when it comes to ensuring global health security. In addition, he said that one of the new government’s goals is to create a healthier Taiwan, as we want our people to live longer and healthier, and that we want to leverage Taiwan’s strengths in public health and medicine. He said we will continue to deepen our partnerships with other countries as we build an even more resilient global public health system, and that a healthy Taiwan will help make the world a better place. A translation of President Lai’s remarks follows: I would like to warmly welcome our partners from the WHA action team back from Geneva, and express my appreciation for your hard work and efforts. Standing on the front lines, you fought for the human right to health for both Taiwan and the world, and we thank you for giving it your all. Your flight only just arrived at 7 a.m., but I can see that everyone is still in high spirits. You have truly put in your heart for Taiwan, and once again, I thank you all. It is regrettable that at this year’s WHA, constrained by political factors, a proposal item for Taiwan to join as an observer was not included in the agenda yet again. However, the hard work of our WHA action team over the years has already borne fruit. Last year, the Ministry of Health and Welfare signed MOUs with the public health agencies of the Czech Republic, Canada, and the United Kingdom, and bilateral talks this year included discussion on substantive cooperation. The bilateral talks carried out by our action team in Geneva were not only more numerous this year, but also involved officials of even higher level. The team also held professional forums addressing important issues of the WHA in cooperation with various medical and health organizations. This is all proof of Taiwan’s contribution toward global public health and the human right to health. The steps we take for Taiwan to participate in world health affairs will not falter. Support for Taiwan from the international community grows stronger year by year. This year, 26 member states of the World Health Organization and the European Union, which is an observer, directly or indirectly voiced their support for Taiwan’s participation in the WHA. Their support reaffirms that Taiwan is an indispensable member of the international community when it comes to ensuring global health security. Health knows no borders. Health is a basic human right. One of the new government’s goals is to create a healthier Taiwan. We want our people to live longer and healthier. And we also want to leverage Taiwan’s strengths in public health and medicine, as we deepen our cooperation with other countries and work together to advance the health of humankind and global sustainable development. I want to thank the member states for their support for Taiwan. I also want to once again thank the members of the WHA action team and our many friends, both here and outside of Taiwan, for their hard work on this issue. Moving forward, we will continue to deepen our partnerships with other countries as we build an even more resilient global public health system. So just as democratic Taiwan continues to shine its light upon the world, a healthy Taiwan will help make the world a better place. On that note, let us keep working together toward these goals. After President Lai concluded his remarks, Minister of Health and Welfare Chiu Tai-yuan (邱泰源) presented a photo collage to show President Lai some of the highlights of the action team’s activities in Geneva.

    Details
    2024-11-28
    President Tsai meets World Medical Association President Lujain Alqodmani
    On the morning of December 11, President Tsai Ing-wen met with a delegation led by World Medical Association (WMA) President Dr. Lujain Alqodmani. In remarks, President Tsai thanked the WMA for its many years of speaking up for Taiwan on the international stage. President Tsai emphasized that we will continue to show how Taiwan can help by actively contributing to global health security. The president expressed her belief that with Taiwan’s achievements and capabilities in medicine and public health, we can join forces with many more countries to optimize the medical environment and make a more positive impact on the health of humankind. A translation of President Tsai’s remarks follows: I extend a warm welcome to President Alqodmani, who is visiting Taiwan once again. I am also glad to see WMA Secretary General Dr. Otmar Kloiber. Both of you are well acquainted with Taiwan and are our close friends. You have demonstrated your support through concrete actions. I would like to express my deepest thanks. The WMA is the largest international NGO that represents physicians. You staunchly defend health security and the rights and interests of physicians around the world with professionality and impartiality. I want to take this opportunity to thank the WMA on behalf of the Taiwanese people for its longstanding support of our participation in the World Health Organization (WHO) and World Health Assembly (WHA). This May, for example, our WHA action team collaborated with the WMA to hold a forum on emergency medicine in Geneva in the lead-up to the WHA. We will continue to show how Taiwan can help by actively contributing to global health security. During the COVID-19 pandemic, Taiwan demonstrated the resilience of its public healthcare system and shared its experiences in combating the pandemic with the world. We have also shared our medical services and construction capabilities, two areas in which we excel, with our diplomatic allies to help enrich the lives of their people and enhance the quality and environment of healthcare. We hope that President Alqodmani and Secretary General Kloiber will continue to speak up for Taiwan on the international stage. I believe that with Taiwan’s achievements and capabilities in medicine and public health, we can join forces with many more countries to optimize the medical environment. Together, we can make a more positive impact on the health of humankind. I also want to thank the Taiwan Medical Association (TMA) for serving as a bridge of communication between the government and the medical community, which helps us in implementing many of our policies. We look forward to the TMA further expanding exchanges and cooperation between the medical and international communities. I am looking forward to exchanging ideas with you today. Your visit to Taiwan will no doubt lay the groundwork for further cooperation. I wish you all a successful trip.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News –

    February 28, 2025
  • MIL-OSI China: LIULI artworks merge Chinese tradition with green innovation

    Source: China State Council Information Office 3

    A brand new collection of LIULI Crystal Art, “One Thought, One Universe,” has become a major attraction at South Coast Plaza in Orange County, Southern California.

    Loretta H. Yang, a renowned LIULI artist and founder of LIULI Crystal Art, introduces her creation at South Coast Plaza in Orange County, California, the United States, on Feb. 25, 2025. A brand new collection of LIULI Crystal Art, “One Thought, One Universe,” has become a major attraction at South Coast Plaza in Orange County, Southern California. (Photo by Zeng Hui/Xinhua)

    The collection, consisting of elegant crystal glass-topped tables, exemplifies the harmonious blend of artistic sophistication with environmental awareness.

    The pieces are crafted using repurposed casting residual materials, employing green production methods that streamline manufacturing processes, minimize waste, and reduce carbon emissions.

    “By incorporating green production methods, LIULI artworks achieve an impressive balance between traditional Chinese art, sustainability, and the reduction of our carbon footprint,” said Loretta H. Yang, a renowned LIULI artist and founder of LIULI Crystal Art, in a recent interview with Xinhua.

    “LIULI” refers to a time-honored technique of ancient Chinese crystal glass craftsmanship. The glass’s unique crystalline nature interacts with light, creating a dazzling contrast of shadow and illumination. The term “LIULI” is derived from China’s Han Dynasty (202 BC – 220 AD) and symbolizes the rich heritage of Chinese glass art.

    At Bloomingdale’s in South Coast Plaza, the LIULI collection is infused with vibrant colors, capturing the spirit of Chinese culture and offering a joyful and elegant experience to visitors.

    In the interview, Yang explained how Chinese culture serves as the foundational source of inspiration for her works.

    She emphasized that the cultural richness and symbolic meanings of traditional Chinese elements are integral to her creative process.

    The art pieces are adorned with totems representing various aspects of Chinese philosophy on life and culture, incorporating auspicious symbols such as dragons, phoenixes, Qilin, and lotus flowers. They also reflect the poetic imagery of Tang and Song dynasties.

    “The essence of Chinese culture is a crucial source of inspiration,” Yang noted. “It is a vast and abundant resource that continuously nourishes our creative endeavors.”

    A visitor views a Liuli artwork at South Coast Plaza in Orange County, California, the United States, on Feb. 25, 2025. A brand new collection of LIULI Crystal Art, “One Thought, One Universe,” has become a major attraction at South Coast Plaza in Orange County, Southern California. (Photo by Zeng Hui/Xinhua)

    SHARING CHINESE STORIES WITH WESTERN AUDIENCES

    LIULI artwork collections have attracted lots of visitors at South Coast Plaza, especially Americans who are drawn to works featuring elements of nature such as flowers, animals, and the vibrant imagery of Chinese cultural symbols.

    “Dragons, phoenixes, and the twelve Chinese zodiac animals are particularly popular among Western audiences,” Yang said.

    The zodiac-themed pieces, in particular, draw significant attention around the Lunar New Year, a time of cultural celebration.

    Yang emphasized the importance of sharing Chinese stories through art, aiming to build a bridge between cultures. “Each LIULI piece carries a core message of love. Every creation is unique, with its own story to tell. Each work comes with a dedicated poem, telling its story, imparting blessings, and establishing a connection between the artist and the viewer,” Yang explained.

    “We hope to showcase the charm of Chinese art and help foreign audiences understand Chinese culture through the poems and narratives behind each artwork,” she added.

    Founded in 1987 and expanding into the U.S. market in 1999, LIULI Crystal Art has grown from a modest workshop into one of Asia’s leading creators of crystal art.

    Yang said the company has developed strong partnerships with prominent American museums and galleries. “Through collaborative exhibitions and cultural exchanges, LIULI Crystal Art is committed to sharing the values of Chinese culture and fostering meaningful dialogue between East and West.”

    A visitor takes photos of a Liuli artwork at South Coast Plaza in Orange County, California, the United States, on Feb. 25, 2025. A brand new collection of LIULI Crystal Art, “One Thought, One Universe,” has become a major attraction at South Coast Plaza in Orange County, Southern California. (Photo by Zeng Hui/Xinhua)

    INSPIRING SUSTAINABLE INNOVATION

    In response to the challenges posed by global warming, LIULI Crystal Art continues to integrate sustainability into its design process, prioritizing waste reduction and increasing the recycling of materials.

    “We place a strong emphasis on environmental consciousness in our design process,” Yang told Xinhua. “Our team is committed to adopting green production techniques that reduce manufacturing processes and repurpose leftover materials, aiming to improve carbon emissions and contribute to sustainable development.”

    One of the company’s iconic pieces, the Earth Table, reduces carbon emissions by 341 kilograms — equivalent to the carbon absorption of two camphor trees over 36 feet tall for a year, according to Yang.

    Building on over 30 years of revitalizing the ancient art of pâte de verre, LIULI Crystal Art continues to evolve this Asian craft with modern technology, producing artworks that honor China’s cultural heritage while embracing sustainable practices, Yang said. 

    MIL OSI China News –

    February 28, 2025
  • MIL-OSI China: China’s e-commerce giant ramps up AI investment to innovate business landscape

    Source: China State Council Information Office

    This photo taken on Nov. 1, 2024 shows an outdoor installation featuring “Double 11” shopping festival at Alibaba Group’s Xixi Park in Hangzhou, east China’s Zhejiang Province. [Photo/Xinhua]

    The Qwen foundation model, developed by China’s Alibaba Group, has spawned over 100,000 derived models, claiming the top spot globally. This advancement comes as the e-commerce giant continues to ramp up its investment in AI, aiming to bring about transformative changes to its business landscape.

    Alibaba recently announced that it would invest more than 380 billion yuan (about 53 billion U.S. dollars) in building cloud and AI hardware infrastructure in the next three years.

    “We will focus on the domestic and overseas e-commerce business, cloud computing technologies and internet platform products,” said Eddie Wu, Alibaba Group’s CEO, at an earnings call in February.

    The development of AI is bringing about significant changes to the industry, Wu said. “Our planned investment in cloud and AI infrastructure over the next three years is set to exceed what we have spent over the past decade.”

    The substantial investment increase in research and development of basic AI models is expected to uphold the group’s advanced technologies and its leading position in the industry, while also driving the development of AI native applications.

    Alibaba Group is an important player in the AI landscape within the Asian market, boasting the largest cloud services scale in Asia and ranking fourth globally.

    Through deep integration of cloud and AI technologies, Alibaba Cloud aims to become one of the largest cloud computing networks delivering AI intelligence.

    “We anticipate 90 percent of future tokens, intelligent output generated by models, will be created and processed through cloud networks, as only cloud architecture can efficiently handle such massive computational demands,” Wu said.

    He said the next three years could be the most intense and substantial period for cloud infrastructure development in Alibaba’s history.

    Leveraging its globally distributed data centers, the company will deliver these resources to application developers worldwide with unparalleled speed and accessibility, Wu said.

    “If AI is one of the most common commodities in the future, just like electricity today, then cloud computing networks would perform like a power grid,” he said.

    Alibaba will also keep advancing AI integration with its e-commerce platform Taobao to redefine lifestyle consumption.

    Taobao is developing multiple AI-driven initiatives to enhance consumer engagement and transaction efficiency. The upcoming AI-powered solutions will also be applied across various consumption scenarios, including purchase decisions, Wu said.

    “We believe AI serves as an important driver in elevating Taobao’s user engagement and commercial value,” he said.

    Alibaba is also considering evolving its Amap from a navigation tool into a lifestyle services gateway by embedding AI innovations. With its massive 170 million daily active user base, Amap will hopefully become China’s next-generation AI-driven platform for location-based consumer experiences, Wu said.

    To meet the AI development needs of consumer business, Alibaba Group has recently announced hundreds of recruitment positions. AI technology and product related research and development positions account for 90 percent of these new positions. They will be engaged in the cutting-edge technologies and applications such as text, multi-modal large models and AI Agent. 

    “We take AI as a once-in-a-generation industry transformation opportunity. Our primary goal is to achieve Artificial General Intelligence (AGI), continuously pushing the boundaries of model intelligence,” Wu said.  

    MIL OSI China News –

    February 28, 2025
  • MIL-OSI USA: Warren, Duckworth Raise Concerns Over Potential Quid Quo Pro between Elon Musk and Dr. Troy Meink, Trump’s Air Force Secretary Nominee

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 27, 2025

    Reports Indicate Musk Pushed for Meink for Key Role after Meink Favored SpaceX Contract

    “These reports raise concerns about your ability, if confirmed as Secretary, to treat contractors fairly and prioritize the Air Force’s mission over Elon Musk’s business interests.”

    Text of Letter (PDF)

    Washington, D.C. – Today, U.S. Senators Elizabeth Warren (D-Mass.) and Tammy Duckworth (D-Ill.), members of the Senate Armed Services Committee, sent a letter to Dr. Troy Meink, nominee for Secretary of the Air Force, following troubling reports that Elon Musk “pushed for” and “recommended” Dr. Meink’s nomination to serve as Secretary of the Air Force after Meink favored SpaceX in a contracting deal while at the National Reconnaissance Organization.

    If Dr. Meink is confirmed to be Secretary of the Air Force, he would be responsible for key contracting, deployment, and acquisition decisions. He would also make decisions about the role of key automated technologies and space programs, mixed-use unmanned aerial vehicles, artificial intelligence, and key space programs, crucially “oversee(ing) lucrative contracts for critical space efforts where top Trump ally Elon Musk’s SpaceX dominates.” All of these decisions may have a direct impact on SpaceX, Mr. Musk’s aerospace company, and other companies owned by him.

    Reporting from Reuters suggests Dr. Meink showed favoritism towards SpaceX during his time at the National Reconnaissance Office (NRO). Space X was reportedly able to secure $2.5 billion in federal contracts while blocking bids from competitors—through a last-minute alteration Dr. Meink made to the NRO contract. When L3Harris Technologies raised concerns about changes to the contract, Dr. Meink allegedly threatened the company, saying “future business with the agency could be hurt if it filed a formal protest.”

    “SpaceX’s monopoly over NRO contracts has created a situation where ‘SpaceX is building hundreds of the satellites for the spy agency and then putting them into orbit on its own rocket,’ wrote the senators. “This type of vertical integration can ‘culminate in a de facto monopoly, cementing a stagnant and wasteful anticompetitive paradigm.’”

    “These are incredibly serious allegations of misconduct and favoritism,” the senators continued. “These reports raise concerns about your ability, if confirmed as Secretary, to treat contractors fairly and prioritize the Air Force’s mission over Elon Musk’s business interests.”

    The senators demanded answers to their concerns about his previous contracting decisions, the nature of his relationship with Mr. Musk, and his plans to engage in future contracting decisions at the Pentagon, if confirmed, by March 6, 2025. 

    MIL OSI USA News –

    February 28, 2025
  • MIL-OSI China: Principals to keep tabs on meal services

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

    The Ministry of Education has pledged to intensify efforts to improve food safety and meal budget management in schools offering meal services, placing primary responsibility on school principals.

    Speaking at a meeting on food safety and meal expense management in primary and secondary schools, a ministry official emphasized that principals must conduct on-site meetings in school canteens, dine with students at the beginning of each semester, and solicit feedback from students and parents on food safety issues every semester.

    The ministry is also calling for stricter oversight of food ingredient procurement, delivery, inspection, storage and processing, as well as more standardized management of food services and expenses. It seeks to strengthen the prevention of food safety risks.

    To enhance oversight, the ministry requires schools to maintain open channels for teachers and students to report food safety complaints and to establish parent supervision committees for food safety.

    Increased investment is also mandated to upgrade school canteen facilities, enhance personnel training, promote the digitalization of food safety campaigns, and improve emergency plans and risk perception systems.

    These measures build on the ministry’s ongoing efforts to improve food safety and budget management in 167,300 primary and secondary schools nationwide that provide meal services, representing 70.75 percent of all such schools.

    In November last year, the ministry issued guidelines specifying responsibilities for schools and education departments, standard operating procedures, and requirements for canteen layouts and equipment.

    According to China Central Television, since a nationwide campaign launched in May 2024 to address school food safety and budget management issues, 103 billion yuan ($14 billion) has been invested in improving school canteens. The proportion of schools with internet-enabled transparent kitchens has reached 98.5 percent.

    In Chongqing, all school canteens are now connected to internet-enabled transparent kitchen systems, using artificial intelligence to identify 11 common food security risks and provide automatic voice alerts, according to the Chongqing Municipal Education Commission.

    In Shanxi province, where 3,472 of 6,086 primary and secondary schools provide meal services to about 1.8 million students, the provincial government has allocated 220 million yuan in special funds for canteen construction and renovation and conducted 18 provincial-level food safety inspections.

    “We have hired senior nutritionists to develop four sets of food menus for the entire county to ensure that students have different meals within a week or during the day,” said Chen Guomin, director of the education and sports bureau of Linxian county in Lyuliang, Shanxi, as reported by China Education Daily.

    MIL OSI China News –

    February 28, 2025
  • MIL-OSI: Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    FY’24 Highlights:

    • Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY’24 and 1.3x for Q4’24
    • Record revenue with webscalers – total revenue exposure (direct and indirect) greater than 50% of FY’24 revenue
    • Significant design wins across the GX systems portfolio with webscalers and Tier 1 Communications Service Providers (CSPs)
    • Substantial awards for ICE-X 400G and 800G pluggables from webscalers and Tier 1 CSPs
    • Launched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloads
    • Secured CHIPS & Science Act funding with the potential for greater than $200 million in total federal incentives, in addition to potential state and local incentives
    • Announced a definitive agreement to be acquired by Nokia (acquisition anticipated to be completed on or about February 28, 2025)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) has released financial results for its fourth quarter and fiscal year ended December 28, 2024. This press release is also published on Infinera’s Investor Relations website.

    GAAP revenue for the quarter was $414.4 million compared to $354.4 million in the third quarter of 2024 and $453.5 million in the fourth quarter of 2023.

    GAAP gross margin for the quarter was 38.0% compared to 39.8% in the third quarter of 2024 and 38.6% in the fourth quarter of 2023. GAAP operating margin for the quarter was 0.0% compared to (3.1)% in the third quarter of 2024 and 2.5% in the fourth quarter of 2023.

    GAAP net loss for the quarter was $(26.3) million, or $(0.11) per diluted share, compared to net loss of $(14.3) million, or $(0.06) per diluted share, in the third quarter of 2024, and net income of $12.9 million, or $0.06 per diluted share, in the fourth quarter of 2023.

    Non-GAAP gross margin for the quarter was 38.4% compared to 40.4% in the third quarter of 2024 and 39.6% in the fourth quarter of 2023. Non-GAAP operating margin for the quarter was 5.4% compared to 3.5% in the third quarter of 2024 and 7.2% in the fourth quarter of 2023.

    Non-GAAP net income for the quarter was $8.2 million, or $0.03 per diluted share, compared to $0.3 million, or $0.00 per diluted share, in the third quarter of 2024, and $28.6 million, or $0.12 per diluted share, in the fourth quarter of 2023.

    GAAP revenue for the year was $1,418.4 million compared to $1,614.1 million in 2023. GAAP gross margin for the year was 38.4% compared to 38.6% in 2023. GAAP operating margin for the year was (5.9)% compared to (0.3)% in 2023. GAAP net loss for the year was $(150.3) million, or $(0.64) per diluted share, compared to $(25.2) million, or $(0.11) per diluted share, in 2023.

    Non-GAAP gross margin for the year was 39.0% compared to 39.9% in 2023. Non-GAAP operating margin for the year was 0.3% compared to 5.4% in 2023. Non-GAAP net loss for the year was $(43.8) million, or $(0.19) per diluted share, compared to net income of $53.4 million, or $0.23 per diluted share, in 2023.

    A further explanation of the use of non-GAAP financial information and a reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP financial measure can be found at the end of this press release.

    Infinera CEO, David Heard, said “We exited 2024 with significant momentum in our business, growing Q4’24 bookings sequentially by more than 50% and by approximately 20% compared to Q4’23. The growth in bookings and substantial increase in backlog in 2024, when combined with our strategic wins, position us well in 2025 and beyond for the next wave of optical spend fueled by relentless bandwidth growth, increased fiber deployments, and AI-driven data-center builds.”

    “Looking ahead, I remain excited about our pending merger with Nokia, as we prepare to join forces with a recognized industry leader. With greater scale and deeper resources together, we intend to set the pace of innovation as optics take on an increasingly critical role in the era of AI,” continued Mr. Heard.

    Pending Merger with Nokia

    On June 27, 2024, Infinera, Nokia Corporation, a company incorporated under the laws of the Republic of Finland (“Nokia”) (NYSE: NOK) and Neptune of America Corporation, a Delaware corporation and wholly owned subsidiary of Nokia (“Merger Sub”) entered into an Agreement and Plan of Merger (as it may be amended, modified or waived from time to time, the “Merger Agreement”) that provides for Merger Sub to merge with and into Infinera (the “Merger”), with Infinera surviving the Merger as a wholly owned subsidiary of Nokia. On February 18, 2025, Infinera issued a press release announcing that the Merger is anticipated to be completed on or about February 28, 2025, which date remains subject to the satisfaction of remaining closing conditions.

    In light of the proposed transaction with Nokia, and as is customary during the pendency of an acquisition, Infinera will not be providing financial guidance during the pendency of the acquisition.

    Fourth Quarter 2024 Investor Slides to be Made Available Online

    Investor slides reviewing Infinera’s fourth quarter of 2024 financial results will be furnished to the U.S. Securities and Exchange Commission (“SEC”) on a Current Report on Form 8-K and published on Infinera’s Investor Relations website at investors.infinera.com.

    Contacts:

    Media:
    Anna Vue
    Tel. +1 (916) 595-8157
    avue@infinera.com

    Investors:
    Amitabh Passi, Head of Investor Relations
    Tel. +1 (669) 295-1489
    apassi@infinera.com

    About Infinera

    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on X and LinkedIn, and subscribe for updates.

    Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

    Forward-Looking Statements

    This press release contains certain 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 generally relate to future events or Infinera’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or the negative of these words or similar terms or expressions that concern Infinera’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the amount Infinera could receive in direct government funding and tax incentives; statements about Infinera’s strategic positioning in 2025 and beyond; and statements related to the Merger, including the timing of completion of the Merger and the future performance and benefits of the combined business.

    These forward-looking statements are based on estimates and information available to Infinera as of the date hereof and are not guarantees of actual or future performance; actual results could differ materially from those stated or implied due to risks and uncertainties. The risks and uncertainties that could cause Infinera’s results to differ materially from those expressed or implied by such forward-looking statements include statements related to the Merger, including whether the Merger may not be completed or completion may be delayed, and if the Merger Agreement is terminated, there may be a required payment of a significant termination fee by either party; the receipt of necessary approvals to complete the Merger; the possibility that due to the Merger, and uncertainty regarding the Merger, Infinera’s customers, suppliers or strategic partners may delay or defer entering into contracts or making other decisions concerning Infinera; the significance and timing of costs related to the Merger; the impact on us of litigation or other stockholder action related to the Merger; the effects on us and our stockholders if the Merger is not completed; demand growth for additional network capacity and the level and timing of customer capital spending and excess inventory held by customers beyond normalized levels; delays in the development, introduction or acceptance of new products or in releasing enhancements to existing products; aggressive business tactics by Infinera’s competitors and new entrants and Infinera’s ability to compete in a highly competitive market; supply chain and logistics issues and their impact on our business, and Infinera’s dependency on sole source, limited source or high-cost suppliers; dependence on a small number of key customers; product performance problems; the complexity of Infinera’s manufacturing process; Infinera’s ability to identify, attract, upskill and retain qualified personnel; challenges with our contract manufacturers and other third-party partners; the effects of customer and supplier consolidation; dependence on third-party service partners; Infinera’s ability to respond to rapid technological changes; failure to accurately forecast Infinera’s manufacturing requirements or customer demand; failure to secure the funding contemplated by grants Infinera has or may receive from governments, agencies or research organizations, or failure to comply with the terms of those grants; Infinera’s future capital needs and its ability to generate the cash flow or otherwise secure the capital necessary to meet such capital needs; the effect of global and regional economic conditions on Infinera’s business, including effects on purchasing decisions by customers; the adverse impact inflation and higher interest rates may have on Infinera by increasing costs beyond what it can recover through price increases; the effects of tariffs; restrictions to our operations resulting from loan or other credit agreements; the impacts of any restructuring plans or other strategic efforts on our business; Infinera’s international sales and operations; the impacts of foreign currency fluctuations; the effective tax rate of Infinera, which may increase or fluctuate; potential dilution from the issuance of additional shares of common stock in connection with the conversion of Infinera’s convertible senior notes; Infinera’s ability to protect its intellectual property; claims by others that Infinera infringes on their intellectual property rights; security incidents, such as data breaches or cyber-attacks; Infinera’s ability to comply with various rules and regulations, including with respect to export control and trade compliance, environmental, social, governance, privacy and data protection matters; events that are outside of Infinera’s control, such as natural disasters, acts of war or terrorism, or other catastrophic events that could harm Infinera’s operations; Infinera’s ability to remediate its disclosed material weaknesses in internal control over financial reporting in a timely and effective manner, and other risks and uncertainties detailed in Infinera’s SEC filings from time to time; and statements of assumptions underlying any of the foregoing. More information on potential factors that may impact Infinera’s business are set forth in Infinera’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 28, 2024, as well as subsequent reports filed with or furnished to the SEC from time to time. These SEC filings are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

    Use of Non-GAAP Financial Information

    In addition to disclosing financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures that exclude in certain cases stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs, warehouse fire recovery, merger-related charges, foreign exchange (gains) losses, net, and income tax effects. Infinera believes these adjustments are appropriate to enhance an overall understanding of its underlying financial performance and also its prospects for the future and are considered by management for the purpose of making operational decisions. In addition, the non-GAAP financial measures presented in this press release are the primary indicators management uses as a basis for its planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for gross margin, operating expenses, operating margin, net income (loss) and net income (loss) per common share prepared in accordance with GAAP. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and are subject to limitations.

    For a description of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measures, please see the table titled “GAAP to Non-GAAP Reconciliations” and related footnotes.

    Infinera Corporation
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (Unaudited)

      Three months ended   Twelve months ended
      December 28,
    2024
      December 30,
    2023
      December 28,
    2024
      December 30,
    2023
    Revenue:              
    Product $ 325,123     $ 373,172     $ 1,103,131     $ 1,304,229  
    Services   89,264       80,284       315,315       309,899  
    Total revenue   414,387       453,456       1,418,446       1,614,128  
    Cost of revenue:              
    Cost of product   212,250       233,693       706,498       810,845  
    Cost of services   44,882       42,643       166,792       167,532  
    Amortization of intangible assets   —       —       —       10,621  
    Restructuring and other related costs   (56 )     2,218       596       2,218  
    Total cost of revenue   257,076       278,554       873,886       991,216  
    Gross profit   157,311       174,902       544,560       622,912  
    Operating expenses:              
    Research and development   75,214       79,645       300,437       316,879  
    Sales and marketing   40,504       42,532       158,861       166,938  
    General and administrative   31,566       35,112       132,680       124,874  
    Amortization of intangible assets   2,256       2,256       9,025       12,344  
    Merger-related charges   7,550       —       23,021       —  
    Restructuring and other related costs   81       4,096       4,186       6,717  
    Total operating expenses   157,171       163,641       628,210       627,752  
    Income (loss) from operations   140       11,261       (83,650 )     (4,840 )
    Other income (expense), net:              
    Interest income   594       982       3,383       2,716  
    Interest expense   (6,746 )     (8,814 )     (32,302 )     (30,609 )
    Other gain (loss), net   (11,547 )     4,739       (20,457 )     15,325  
    Total other income (expense), net   (17,699 )     (3,093 )     (49,376 )     (12,568 )
    Income (loss) before income taxes   (17,559 )     8,168       (133,026 )     (17,408 )
    Provision for (benefit from) income taxes   8,784       (4,705 )     17,312       7,805  
    Net income (loss) $ (26,343 )   $ 12,873     $ (150,338 )   $ (25,213 )
    Net income (loss) per common share:              
    Basic $ (0.11 )   $ 0.06     $ (0.64 )   $ (0.11 )
    Diluted $ (0.11 )   $ 0.06     $ (0.64 )   $ (0.11 )
    Weighted average shares used in computing net income (loss) per common share:              
    Basic   236,974       230,509       234,672       226,726  
    Diluted   236,974       233,090       234,672       226,726  
     

    Infinera Corporation
    GAAP to Non-GAAP Reconciliations
    (In thousands, except percentages)
    (Unaudited)

        Three months ended
      Twelve months ended
        December 28,
    2024
          September 28,
    2024
          December 30,
    2023
          December 28,
    2024
          December 30,
    2023
       
    Reconciliation of Gross Profit and Gross Margin:                                        
    GAAP as reported   $ 157,311       38.0 %   $ 141,214       39.8 %   $ 174,902       38.6 %   $ 544,560       38.4 %   $ 622,912       38.6 %
    Stock-based compensation expense(1)     1,867       0.4 %     2,084       0.6 %     2,328       0.5 %     7,621       0.6 %     10,000       0.6 %
    Amortization of acquired intangible assets(2)     —       — %     —       — %     —       — %     —       — %     10,621       0.7 %
    Restructuring and other related costs(3)     (56 )     (0.0) %     (24 )     — %     2,218       0.5 %     596       0.0 %     2,218       0.1 %
    Warehouse fire recovery(4)     —       — %     —       — %     —       — %     —       — %     (1,985 )     (0.1) %
    Non-GAAP as adjusted   $ 159,122       38.4 %   $ 143,274       40.4 %   $ 179,448       39.6 %   $ 552,777       39.0 %   $ 643,766       39.9 %
                                             
    Reconciliation of Operating Expenses:                                        
    GAAP as reported   $ 157,171         $ 152,212         $ 163,641         $ 628,210         $ 627,752      
    Stock-based compensation expense(1)     10,333           12,305           10,429           43,300           52,150      
    Amortization of acquired intangible assets(2)     2,256           2,257           2,256           9,025           12,344      
    Restructuring and other related costs(3)     81           (157 )         4,096           4,186           6,717      
    Merger-related charges(5)     7,550           6,954           —           23,021           —      
    Non-GAAP as adjusted   $ 136,951         $ 130,853         $ 146,860         $ 548,678         $ 556,541      
                                             
    Reconciliation of Income (Loss) from Operations and Operating Margin:                                        
    GAAP as reported   $ 140       0.0 %   $ (10,998 )     (3.1) %   $ 11,261       2.5 %   $ (83,650 )     (5.9) %   $ (4,840 )     (0.3) %
    Stock-based compensation expense(1)     12,200       3.0 %     14,389       4.1 %     12,757       2.8 %     50,921       3.7 %     62,150       3.8 %
    Amortization of acquired intangible assets(2)     2,256       0.5 %     2,257       0.6 %     2,256       0.5 %     9,025       0.6 %     22,965       1.4 %
    Restructuring and other related costs(3)     25       0.0 %     (181 )     (0.1) %     6,314       1.4 %     4,782       0.3 %     8,935       0.6 %
    Warehouse fire recovery(4)     —       — %     —       — %     —       — %     —       — %     (1,985 )     (0.1) %
    Merger-related charges(5)     7,550       1.9 %     6,954       2.0 %     —       — %     23,021       1.6 %     —       — %
    Non-GAAP as adjusted   $ 22,171       5.4 %   $ 12,421       3.5 %   $ 32,588       7.2 %   $ 4,099       0.3 %   $ 87,225       5.4 %
       
        Three months ended Twelve months ended
        December 28,
    2024
      September 28,
    2024
      December 30,
    2023
      December 28,
    2024
      December 30,
    2023
    Reconciliation of Net Income (Loss):                    
    GAAP as reported   $ (26,343 )   $ (14,313 )   $ 12,873     $ (150,338 )   $ (25,213 )
    Stock-based compensation expense(1)     12,200       14,389       12,757       50,921       62,150  
    Amortization of acquired intangible assets(2)     2,256       2,257       2,256       9,025       22,965  
    Restructuring and other related costs(3)     25       (181 )     6,314       4,782       8,935  
    Warehouse fire recovery(4)     —       —       —       —       (1,985 )
    Merger-related charges(5)     7,550       6,954       —       23,021       —  
    Foreign exchange (gains) losses, net(6)     11,855       (8,039 )     (4,852 )     21,954       (14,755 )
    Income tax effects(7)     655       (788 )     (780 )     (3,120 )     1,292  
    Non-GAAP as adjusted     8,198     $ 279     $ 28,568     $ (43,755 )   $ 53,389  
                         
    Weighted Average Shares Used in Computing GAAP Net Income (Loss) per Common Share:                    
    Basic     236,974       235,832       230,509       234,672       226,726  
    Diluted(8)     236,974       235,832       233,090       234,672       226,726  
                         
    Weighted Average Shares Used in Computing Non-GAAP Net Income (Loss) per Common Share:                    
    Basic     236,974       235,832       230,509       234,672       226,726  
    Diluted(9)     269,422       240,502       259,210       234,672       255,468  
                         
    Reconciliation of Adjusted EBITDA (10):                    
    Non-GAAP net income (loss)   $ 8,198     $ 279     $ 28,568     $ (43,755 )   $ 53,389  
    Add: Interest expense, net     6,152       7,890       7,832       28,919       27,893  
    Less: Other gain (loss), net     308       446       (113 )     1,497       570  
    Add: Income tax effects     8,129       4,698       (3,925 )     20,432       6,513  
    Add: Depreciation     13,333       13,501       17,125       53,308       55,819  
    Non-GAAP as adjusted   $ 35,504     $ 25,922     $ 49,713     $ 57,407     $ 143,044  
                         
    Net Income (Loss) per Common Share: GAAP                    
    Basic   $ (0.11 )   $ (0.06 )   $ 0.06     $ (0.64 )   $ (0.11 )
    Diluted(8)   $ (0.11 )   $ (0.06 )   $ 0.06     $ (0.64 )   $ (0.11 )
                         
    Net Income (Loss) per Common Share: Non-GAAP                    
    Basic   $ 0.03     $ 0.00     $ 0.12     $ (0.19 )   $ 0.24  
    Diluted(9)   $ 0.03     $ 0.00     $ 0.12     $ (0.19 )   $ 0.23  
     

    (1)   Stock-based compensation expense is calculated in accordance with the fair value recognition provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation effective January 1, 2006. The following table summarizes the effects of stock-based compensation related to employees and non-employees (in thousands):  

     
        Three months ended   Twelve months ended
        December 28, 2024   September 28, 2024   December 30, 2023   December 28, 2024   December 30, 2023
    Cost of revenue   $ 1,867     $ 2,084     $ 2,328     $ 7,621     $ 10,000  
    Research and development     4,547       4,623       4,917       18,779       22,474  
    Sales and marketing     3,036       3,241       2,328       12,175       13,699  
    General and administration     2,750       4,441       3,184       12,346       15,977  
    Total operating expenses     10,333       12,305       10,429       43,300       52,150  
    Total stock-based compensation expense   $ 12,200     $ 14,389     $ 12,757     $ 50,921     $ 62,150  
     

    (2)    Amortization of acquired intangible assets consists of developed technology and customer relationships acquired in connection with the acquisitions of Coriant and Transmode AB. GAAP accounting requires that acquired intangible assets are recorded at fair value and amortized over their useful lives. As this amortization is non-cash, Infinera has excluded it from its non-GAAP gross profit, operating expenses and net income measures. Management believes the amortization of acquired intangible assets is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera’s underlying business performance.

    (3)    Restructuring and other related costs are primarily associated with the reduction of headcount and the reduction of operating costs. In addition, this includes accelerated amortization on operating lease right-of-use assets due to the cessation of use of certain facilities. Management has excluded the impact of these charges in arriving at Infinera’s non-GAAP results as they are non-recurring in nature and its exclusion provides a better indication of Infinera’s underlying business performance.

    (4)    Warehouse fire losses were incurred due to inventory destroyed in a warehouse fire in the third quarter of fiscal year 2022. Recoveries are recorded when they are probable of receipt. Management has excluded the impact of this loss and subsequent recoveries in arriving at Infinera’s non-GAAP results as it is non-recurring in nature and its exclusion provides a better indication of Infinera’s underlying business performance.

    (5)    Merger-related charges represent costs incurred directly in connection with the pending merger with Nokia. Management has excluded the impact of these charges in arriving at Infinera’s non-GAAP results as they are non-recurring in nature and the exclusion of these charges provides a better indication of Infinera’s underlying business performance.

    (6)    Foreign exchange (gains) losses, net, have been excluded from Infinera’s non-GAAP results because management believes that this expense is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera’s underlying business performance.

    (7)    The difference between the GAAP and non-GAAP tax provision is due to the net tax effects of above non-GAAP adjustments. Management believes the exclusion of these tax effects provides a better indication of Infinera’s underlying business performance.

    (8)    The GAAP diluted shares include potentially dilutive securities from Infinera’s stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a GAAP basis in periods when Infinera has net income on a GAAP basis, as its inclusion provides a better indication of Infinera’s underlying business performance.

    For purposes of calculating GAAP diluted earnings per share, we used the following net income (loss) and weighted average common shares outstanding (in thousands, except per share data):

     
        Three months ended   Twelve months ended
        December 28,
    2024
      September 28,
    2024
      December 30,
    2023
      December 28,
    2024
      December 30,
    2023
    GAAP net income (loss) for basic earnings per share   $ (26,343 )   $ (14,313 )   $ 12,873     $ (150,338 )   $ (25,213 )
    Interest expense related to the convertible senior notes, net of tax     —       —       104       —       —  
    GAAP net income (loss) for diluted earnings per share   $ (26,343 )   $ (14,313 )   $ 12,977     $ (150,338 )   $ (25,213 )
                         
    Weighted average basic common shares outstanding     236,974       235,832       230,509       234,672       226,726  
    Dilutive effect of restricted and performance share units     —       —       682       —       —  
    Dilutive effect of 2024 convertible senior notes(a)     —       —       1,899       —       —  
    Dilutive effect of 2027 convertible senior notes(b)     —       —       —       —       —  
    Dilutive effect of 2028 convertible senior notes(c)     —       —       —       —       —  
    Weighted average dilutive common shares outstanding     236,974       235,832       233,090       234,672       226,726  
                         
    GAAP net income (loss) per common share:                    
    Basic   $ (0.11 )   $ (0.06 )   $ 0.06     $ (0.64 )   $ (0.11 )
    Diluted   $ (0.11 )   $ (0.06 )   $ 0.06     $ (0.64 )   $ (0.11 )
     

    (a)    For the three- months ended December 28, 2024 and September 28, 2024, there were zero and 1.4 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the twelve- months ended December 28, 2024 and December 30, 2023, there were 1.3 million and 5.8 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.

    (b)    For each of the three- months ended December 28, 2024, September 28, 2024, and December 30, 2023, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For both the twelve- months ended December 28, 2024, and December 30, 2023, there were 26.1 million shares, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.

    (c)    For the three- months ended December 28, 2024, September 28, 2024, and December 30, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share. For the twelve- months ended December 28, 2024, and December 30, 2023, there were zero and 0.9 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.

    (9)    The non-GAAP diluted shares include the potentially dilutive securities from Infinera’s stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a non-GAAP basis in periods when Infinera has net income on a non-GAAP basis as its inclusion provides a better indication of Infinera’s underlying business performance. Refer to the diluted earnings per share reconciliation presented below.

    For purposes of calculating non-GAAP diluted earnings per share, we used the following net income (loss) and weighted average common shares outstanding (in thousands, except per share data):

     
        Three months ended   Twelve months ended
        December 28,
    2024
      September 28,
    2024
      December 30,
    2023
      December 28,
    2024
      December 30,
    2023
    Non-GAAP net income (loss) for basic earnings per share   $ 8,198     $ 279     $ 28,568     $ (43,755 )   $ 53,389  
    Interest expense related to the convertible senior notes, net of tax     752       —       1,652       —       5,370  
    Non-GAAP net income (loss) for diluted earnings per share   $ 8,950     $ 279     $ 30,220     $ (43,755 )   $ 58,759  
                         
    Weighted average basic common shares outstanding     236,974       235,832       230,509       234,672       226,726  
    Dilutive effect of restricted and performance share units     6,328       4,670       682       —       1,674  
    Dilutive effect of employee stock purchase plan     —       —       —       —       53  
    Dilutive effect of 2024 convertible senior notes(a)     —       —       1,899       —       —  
    Dilutive effect of 2027 convertible senior notes(b)     26,120       —       26,120       —       26,210  
    Dilutive effect of 2028 convertible senior notes(c)     —       —       —       —       895  
    Weighted average dilutive common shares outstanding     269,422       240,502       259,210       234,672       255,558  
                         
    Non-GAAP net income (loss) per common share:                    
    Basic   $ 0.03     $ 0.00     $ 0.12     $ (0.19 )   $ 0.24  
    Diluted   $ 0.03     $ 0.00     $ 0.12     $ (0.19 )   $ 0.23  
     

    (a)    For the three- months ended December 28, 2024, September 28, 2024, there were zero and 1.4 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the twelve- months ended December 28, 2024, and December 30, 2023, there were 1.3 million and 5.8 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.

    (b)    For the three- months ended September 28, 2024, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the twelve- months ended December 28, 2024, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.

    (c)    For the three- months ended December 28, 2024, September 28, 2024, and December 30, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share. For the twelve- months ended December 28, 2024, there were no shares excluded from the calculation of diluted net income (loss) per share.

    (10)    Adjusted EBITDA is a non-GAAP supplemental measure of operating performance that does not represent and should not be considered an alternative to operating loss or cash flow from operations, as determined by GAAP. Infinera’s adjusted EBITDA is calculated by excluding the above non-GAAP adjustments, interest expense, net, other gain (loss), net, income tax effects and depreciation expenses. Management believes that adjusted EBITDA is an important financial measure for use in evaluating Infinera’s financial performance, as it measures the ability of our business operations to generate cash.

    Infinera Corporation
    GAAP to Non-GAAP Reconciliations
    (In thousands)
    (Unaudited) 

    Free Cash Flow

    We define free cash flow as net cash provided by (used in) operating activities in the period minus the purchase of property and equipment made in the period.

    Free cash flow is considered a non-GAAP financial measure under the SEC’s rules. Management believes that free cash flow is an important financial measure for use in evaluating Infinera’s financial performance, as it measures our ability to generate additional cash from our business operations. Free cash flow should be considered in addition to, rather than as a substitute for, net loss as a measure of our performance or net cash provided by (used in) operating activities as a measure of our liquidity. Additionally, our definition of free cash flow is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other obligations. Therefore, we believe it is important to view free cash flow as supplemental to our entire statement of cash flows.

     
        Three months ended   Twelve months ended
        December 28,
    2024
      September 28,
    2024
      December 30,
    2023
      December 28,
    2024
      December 30,
    2023
    Net cash provided by operating activities   $ 72,045     $ 44,563     $ 79,652     $ 80,680     $ 49,510  
    Purchase of property and equipment     (28,265 )     (24,090 )     (21,414 )     (75,013 )     (62,314 )
    Free cash flow   $ 43,780     $ 20,473     $ 58,238     $ 5,667     $ (12,804 )
     

    Infinera Corporation
    Consolidated Balance Sheets
    (In thousands, except par values)

      December 28,
    2024
      December 30,
    2023
    ASSETS      
    Current assets:      
    Cash and cash equivalents $ 145,808     $ 172,505  
    Short-term restricted cash   —       517  
    Accounts receivable, net   336,552       381,981  
    Inventory   308,213       431,163  
    Prepaid expenses and other current assets   155,249       129,218  
    Total current assets   945,822       1,115,384  
    Property, plant and equipment, net   249,496       206,997  
    Operating lease right-of-use assets   36,348       39,973  
    Intangible assets, net   15,794       24,819  
    Goodwill   224,233       240,566  
    Long-term restricted cash   420       837  
    Other long-term assets   61,645       50,662  
    Total assets $ 1,533,758     $ 1,679,238  
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities:      
    Accounts payable $ 284,992     $ 299,005  
    Accrued expenses and other current liabilities   143,385       110,758  
    Accrued compensation and related benefits   49,942       85,203  
    Short-term debt, net   482       25,512  
    Accrued warranty   13,243       17,266  
    Deferred revenue   134,727       136,248  
    Total current liabilities   626,771       673,992  
    Long-term debt, net   667,930       658,756  
    Long-term accrued warranty   12,264       15,934  
    Long-term deferred revenue   29,290       21,332  
    Long-term deferred tax liability   3,035       1,805  
    Long-term operating lease liabilities   41,601       47,464  
    Other long-term liabilities   36,352       43,364  
    Commitments and contingencies      
    Stockholders’ equity:      
    Preferred stock, $0.001 par value
    Authorized shares – 25,000 and no shares issued and outstanding
      —       —  
    Common stock, $0.001 par value
    Authorized shares – 500,000 in 2024 and 500,000 in 2023   
    Issued and outstanding shares – 237,396 in 2024 and 230,994 in 2023
      237       231  
    Additional paid-in capital   2,024,810       1,976,014  
    Accumulated other comprehensive loss   (33,388 )     (34,848 )
    Accumulated deficit   (1,875,144 )     (1,724,806 )
    Total stockholders’ equity   116,515       216,591  
    Total liabilities and stockholders’ equity $ 1,533,758     $ 1,679,238  
     

    Infinera Corporation
    Consolidated Statements of Cash Flows
    (In thousands)

      Twelve months ended
      December 28,
    2024
      December 30,
    2023
    Cash Flows from Operating Activities:      
    Net loss $ (150,338 )   $ (25,213 )
    Adjustments to reconcile net loss to net cash provided by operating activities:      
    Depreciation and amortization   62,333       78,784  
    Non-cash restructuring charges and other related costs   40       1,200  
    Amortization of debt issuance costs and discount   3,680       3,862  
    Operating lease expense   9,252       7,464  
    Stock-based compensation expense   50,921       62,150  
    Other, net   (76 )     (823 )
    Changes in assets and liabilities:      
    Accounts receivable   40,218       38,511  
    Inventory   121,772       (57,864 )
    Prepaid expenses and other current assets   (49,159 )     9,683  
    Accounts payable   (28,258 )     (2,921 )
    Accrued expenses and other current liabilities   11,568       (40,063 )
    Deferred revenue   8,727       (25,260 )
    Net cash provided by operating activities   80,680       49,510  
    Cash Flows from Investing Activities:      
    Purchase of property and equipment   (75,013 )     (62,314 )
    Net cash used in investing activities   (75,013 )     (62,314 )
    Cash Flows from Financing Activities:      
    Proceeds from issuance of 2028 Notes   —       98,751  
    Repayment of 2024 Notes   (18,747 )     (83,446 )
    Payment of debt issuance cost   —       (2,108 )
    Proceeds from asset-based revolving credit facility   50,000       50,000  
    Repayment of asset-based revolving credit facility   (50,000 )     (50,000 )
    Repayment of mortgage payable   (470 )     (510 )
    Principal payments on finance lease obligations   (562 )     (1,023 )
    Payment of term license obligation   (10,318 )     (10,417 )
    Proceeds from issuance of common stock   6       14,931  
    Tax withholding paid on behalf of employees for net share settlement   (2,129 )     (2,465 )
    Net cash (used in) provided by financing activities   (32,220 )     13,713  
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   (1,078 )     (16,253 )
    Net change in cash, cash equivalents and restricted cash   (27,631 )     (15,344 )
    Cash, cash equivalents and restricted cash at beginning of period   173,859       189,203  
    Cash, cash equivalents and restricted cash at end of period(1) $ 146,228     $ 173,859  
     

    Infinera Corporation
    Consolidated Statements of Cash Flows
    (In thousands)

      Twelve months ended
      December 28,
    2024
      December 30,
    2023
    Supplemental disclosures of cash flow information:      
    Cash paid for income taxes, net $ 21,790     $ 14,109  
    Cash paid for interest, net $ 27,359     $ 22,394  
    Supplemental schedule of non-cash investing and financing activities:          
    Transfer of inventory to fixed assets $ —     $ 1,847  
    Property and equipment included in accounts payable and accrued liabilities $ 34,385     $ 10,104  
    Unpaid term licenses (included in accounts payable, accrued liabilities and other long-term liabilities) $ 14,196     $ 23,326  
                   
     

    (1)         Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets (in thousands):  

     
      December 28,
    2024
      December 30,
    2023
           
    Cash and cash equivalents $ 145,808     $ 172,505  
    Short-term restricted cash   —       517  
    Long-term restricted cash   420       837  
    Total cash, cash equivalents and restricted cash $ 146,228     $ 173,859  
     

    Infinera Corporation
    Supplemental Financial Information
    (Unaudited)

        Q1’23   Q2’23   Q3’23   Q4’23   Q1’24   Q2’24   Q3’24   Q4’24
    GAAP Revenue $(Mil)   $ 392.1     $ 376.2     $ 392.4     $ 453.5     $ 306.9     $ 342.7     $ 354.4     $ 414.4  
    GAAP Gross Margin %     37.5 %     38.0 %     40.3 %     38.6 %     36.0 %     39.6 %     39.8 %     38.0 %
    Non-GAAP Gross Margin %(1)     38.8 %     39.3 %     41.9 %     39.6 %     36.6 %     40.3 %     40.4 %     38.4 %
    GAAP Revenue Composition:                                
    Domestic %     60 %     58 %     59 %     67 %     54 %     58 %     60 %     62 %
    International %     40 %     42 %     41 %     33 %     46 %     42 %     40 %     38 %
    Customers >10% of Revenue     —       1       1       1       —       —       2       2  
    Cash Related Information:                                
    Cash from Operations $(Mil)   $ (1.8 )   $ 1.4     $ (29.7 )   $ 79.6     $ 24.0     $ (59.9 )   $ 44.5     $ 72.1  
    Capital Expenditures $(Mil)   $ 16.8     $ 10.8     $ 13.3     $ 21.4     $ 8.1     $ 14.6     $ 24.0     $ 28.3  
    Depreciation & Amortization $(Mil)   $ 19.6     $ 19.8     $ 20.0     $ 19.4     $ 15.4     $ 15.6     $ 15.7     $ 15.6  
    DSOs(2)     78       79       76       77       79       76       74       74  
    Inventory Metrics:                                
    Raw Materials $(Mil)   $ 67.6     $ 85.4     $ 110.4     $ 133.6     $ 132.5     $ 119.4     $ 105.2     $ 69.7  
    Work in Process $(Mil)   $ 71.8     $ 71.9     $ 69.9     $ 68.4     $ 68.6     $ 68.7     $ 67.6     $ 67.9  
    Finished Goods $(Mil)   $ 273.6     $ 270.1     $ 276.6     $ 229.2     $ 219.6     $ 196.1     $ 183.3     $ 170.6  
    Total Inventory $(Mil)   $ 413.0     $ 427.4     $ 456.9     $ 431.2     $ 420.7     $ 384.2     $ 356.1     $ 308.2  
    Inventory Turns(3)     2.4       2.2       2.1       2.5       1.8       2.0       2.3       3.1  
    Worldwide Headcount     3,351       3,365       3,369       3,389       3,323       3,334       3,340       3,418  
    Weighted Average Shares Outstanding (in thousands):                                
    Basic     222,393       225,922       228,077       230,509       231,533       234,349       235,832       236,974  
    Diluted     265,921       262,712       257,219       259,210       260,980       265,591       267,999       269,422  
     

    (1)    Non-GAAP adjustments include stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery. For a description of this non-GAAP financial measure, please see the section titled, “GAAP to Non-GAAP Reconciliations” of this press release for a reconciliation to the most directly comparable GAAP financial measures. For reconciliations of prior periods that are not otherwise provided herein, see the prior period earnings releases available on our Investor Relations webpage.

    (2)    Infinera calculates DSO based on 91 days.

    (3)    Infinera calculates non-GAAP inventory turns as annualized non-GAAP cost of revenue, which is calculated as GAAP cost of revenue less stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery, as illustrated in the reconciliation of gross profit above, divided by the average inventory for the quarter.

    The MIL Network –

    February 28, 2025
  • MIL-OSI USA: ICYMI — On “Morning Joe,” Senator King Warns of Unconstitutional Overstep by White House

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. — U.S. Senator Angus King (I-Maine) today joined Morning Joe to stress the urgency of the unprecedented, unconstitutional overstep from President Trump’s Administration and Elon Musk’s Department of Government Efficiency (DOGE). During the interview — which comes in the midst of another round of reckless federal layoffs — King made clear the dangers of Congress further ceding it’s power to the President, noting that doing so is a “fundamental misunderstanding” of what is outlined in the Constitution.

    You can watch the full clip on YouTube here

    Senator King has been consistently sounding the alarm on President Donald Trump’s existential threat to the Constitution. At the end of January, he gave a speech on the Senate floor sharing that this administration is doing ‘exactly what the Framers [of the Constitution] most feared.” A couple weeks later, he took to the floor again to respond to the hiring freezes and firings, calling them “thoughtless and dangerous.” Senator King also previously declared that the proposal to halt all federal grant and loan disbursement was illegal and a direct assault on the Constitution. Recently, he joined 36 Senators in a letter to Secretary of State Marco Rubio, sharing the detrimental effects of  the Trump Administration’s dismantling of the U.S. Agency for International Development (USAID). He also joined fellow Senate Select Committee on Intelligence (SSCI) colleagues in writing a letter to the White House about the risks to national security by allowing unvetted Department of Government Efficiency (DOGE) staff and representatives to access classified and sensitive government materials.

    +++

    Mika Brzezinski: “It’s been five weeks since President Trump took office for the second time, and his administration has reshaped government on everything from law and order, to the role of the free press. With that as our backdrop, our next guest took to the Senate floor last week with a message to his colleagues, ‘it’s time to wake up.’”

    Sen. King: “This isn’t just a battle between the Senate and the House and the President, and they’re fighting about powers. No, the reason the framers designed our Constitution the way they did was that they were afraid of concentrated power. The responsibility of the president is to take care that the laws be faithfully executed, not write the laws, not deny the laws, not ignore the laws, not pick which laws he or she likes, but to take care that the laws are faithfully executed. That’s the responsibility of the president. And right now, those laws are being ignored. Power was divided for a reason. There’s some criticism now in the press saying people are talking about a constitutional crisis. They’re crying wolf. No, this is a constitutional crisis. It’s the most serious assault on our Constitution in the history of this country. It is the most serious assault on the very structure of our Constitution—which is designed to protect our freedoms and our liberty — in the history of this country. It is a constitutional crisis. And I’ll tell you what makes it worse. The President and the Vice President are already hinting that they’re not going to obey decisions of the courts. What’s it going to take for us to wake up? When I say us, I mean this entire body to wake up to what’s going on here? Is it going to be too late? Is it going to be when the President has accreted all this power and the congress is an afterthought? What’s it going to take? I mean, the offenses keep piling up. The President over the weekend famously quoted Napoleon, ‘when you’re saving your country, you don’t have to obey any law’. Wow. A president of the United States, quoting Napoleon about not having to obey the law.”

    Mika Brzezinski: “Independent Senator Angus King of Maine, joins us now. It’s great to have you back on the show, Senator. Katty Kay has the first question for you, sir. Katty.”

    Katty Kay: “Senator, I’ve known you for a long time, and you are not given to making speeches lightly like that on the floor. You choose your words carefully. Who were you talking to? Who was your audience? What were you trying to achieve when you stood up there on the Senate Floor and spoke to your colleagues?” 

    Sen. King: “I was trying to capture the conscience of the Republican Senators because that’s where the power is. They have a 53 vote majority in the Senate, and they can go to the White House and tell the President, ‘slow down.’ This is not the way our system is designed. They have some influence. That’s what I’m really talking about. What’s shocking to me is that we’re not standing up for the Constitution. And when the Executive, when the President cancels a whole agency created by Congress, whether it’s AID or the Consumer Finance Board or the independent agencies that were set up almost 100 years ago to protect the public as independent agencies, the Congress is not only giving its power, but as I said in the speech, we’re violating the fundamental structure of the Constitution, which was there in order to protect us. The framers were students of human nature, and they understood a very important principle. Power corrupts and absolute power corrupts absolutely. Therefore, they divided power. That’s what the constitution is all about. It divides power between the president, the congress, the courts, the states, and the federal government so that nobody would have all the power, because that inevitably leads to abuse.”

    Katty Kay: “You’re an independent. You vote with Democrats, by and large, but I know you have good relationships with your Republican colleagues as well. Do you think they’re open to your message? When you have your private conversations with them? And I don’t want you to disclose names, are you hearing murmurs of disquiet?”

    Sen. King: “I think, yes, I think disquiet is a good word. I think they’re uneasy. I think many of them understand what’s going on, although their public posture is, ‘well the courts will protect us, the courts will take care of us.’ Well, there are two problems with that. Number one, it’s a cop out. We’re not holding up our end of the constitutional bargain. We all take an oath when we come in to defend the Constitution, not a president or a party, but to defend the Constitution against all enemies, foreign and domestic. I think it’s fascinating that the framers had an idea there might be domestic enemies to the Constitution. So it’s our responsibility. And the other the other part about the courts is, as I mentioned in the speech, the Vice President and the President have already made noises about not obeying court orders. What happens then? That’s where I think it is our responsibility in the Congress. And again, I want to repeat this is not institutional jealousy. Although Madison in the Federalist thought institutional jealousy would protect this division of power, but he didn’t contemplate parties, that’s one of the problems. But it is not institutional jealousy. It’s the fundamental structure that keeps us free from an autocrat, from a dictator, from a monarch. These guys in 1787 had just fought a brutal seven year war against a king. They didn’t want concentrated power. They wanted it to be divided. And if Donald Trump doesn’t like AID, come to Congress and pass a bill. He’s got a majority in both houses to abolish it, but don’t do it in the middle of the night with this guy, Musk, and nobody knows who he’s working for or what his authority is. You know, we’ve got a bunch of 25 year-olds deciding to cut programs. Here’s another example from the other day. And this tells you where we are. Someone pointed out that the Ebola Prevention Program was cut in the AID cuts. Musk said, ‘oh, that was a mistake. We’re going to fix it.’ Think of the implications of that. What he’s really saying is, ‘I get to decide which programs we fund and which we don’t.’ That’s not the way our system is set up. That’s not the way this thing is supposed to work again, to protect our freedoms. People who are cheering all of this going on, boy, they’re going to have some second thoughts when the eye of Sauron turns to them.”

    Katty Kay: “As it will.”

    Willie Geist: “Senator, good morning. It’s great to have you on. In fact, Elon Musk just yesterday stood up in that cabinet meeting and sort of laughed off what happened with Ebola, saying, ‘we made a mistake and we fixed it.’ We reported this morning the Washington Post saying that actually hasn’t been fixed yet, and that money has not been put back where it needs to be to fight Ebola. Just one example. I’m just curious as to follow up on what Katty said about your fellow senators, Republicans and members of the House as well. Thinking of Speaker Mike Johnson, who is a constitutional lawyer, when they say — ”

    Sen. King:
    “I wonder what constitution he’s a lawyer of”

    Willie Geist: “Well, that’s a fair question. In many cases, going back to the 2020 election, forward where he helped Donald Trump with all that. But when they say, ‘look, we’re doing this because the country elected Donald Trump with a mandate. We just have to carry out what he says to do,’ that strikes a lot of people as a fundamental misunderstanding of the role of Congress and the checks and balance of our government. So what do you make of that argument that these, these men and women view their role as a rubber stamp of what Donald Trump wants, whatever it may be, and even if it violates the Constitution?”


    Sen. King: “Well, I think the best answer to that is to go back to the oath that we all take. The oath isn’t to a president, it isn’t to a party, but to the Constitution itself. And the Constitution is very clear about the division of power. In fact, the Constitution, as I mentioned in the speech, doesn’t give the president all that much power. He is Commander in Chief, yes, but the fundamental responsibility of the president in the Constitution is to, quote, ‘take care that the laws be faithfully executed.’ I emphasize the word executed. That means carry forward. It doesn’t mean write the laws, create the laws, ignore which laws you like. And for a member of Congress to say, well, we’ve got to do whatever the president says is a fundamental misunderstanding and in my view, a violation of our of our oath and our obligation to the people of this country to keep intact the division of power, which is what keeps us safe.”

    Mika Brzezinski: “Independent Senator Angus King of Maine. Thank you very much for coming on the show this morning.”

    MIL OSI USA News –

    February 28, 2025
  • MIL-OSI USA: Attorney General Pamela Bondi Announces 29 Wanted Defendants from Mexico Taken into U.S. Custody

    Source: US State of North Dakota

    Today, the United States secured custody of 29 defendants from Mexico who are facing charges in districts around the country relating to racketeering, drug-trafficking, murder, illegal use of firearms, money laundering, and other crimes. The defendants taken into U.S. custody today include leaders and managers of drug cartels recently designated as Foreign Terrorist Organizations and Specially Designated Global Terrorists, such as the Sinaloa Cartel, Cártel de Jalisco Nueva Generación (CJNG), Cártel del Noreste (formerly Los Zetas), La Nueva Familia Michoacana, and Cártel de Golfo (Gulf Cartel).  These defendants are collectively alleged to have been responsible for the importation into the United States of massive quantities of poison, including cocaine, methamphetamine, fentanyl, and heroin, as well as associated acts of violence.

    “As President Trump has made clear, cartels are terrorist groups, and this Department of Justice is devoted to destroying cartels and transnational gangs,” said Attorney General Pamela Bondi. “We will prosecute these criminals to the fullest extent of the law in honor of the brave law enforcement agents who have dedicated their careers — and in some cases, given their lives — to protect innocent people from the scourge of violent cartels. We will not rest until we secure justice for the American people.”

    “The FBI and our partners will scour the ends of the earth to bring terrorists and cartel members to justice,” said FBI Director Kash Patel. “The era of harming Americans and walking free is over.”

    “Today’s actions are a consequence of a White House that negotiates from a position of strength, and an Attorney General who is willing to lead the Department with courage and ferocity,” said Acting Deputy Attorney General Emil Bove. “By prosecuting these defendants to the maximum extent allowable under the law, we honor the memory of Special Agent Camarena, Deputy Sherrif Byrd, and other victims who are far too numerous, as well as decades of hard work in the trenches by our law enforcement partners.”

    “Today, 29 fugitive cartel members have arrived in the United States from Mexico, including one name that stands above the rest for the men and women of the DEA — Rafael Caro Quintero. Caro Quintero, a cartel kingpin who unleashed violence, destruction, and death across the United States and Mexico, has spent four decades atop DEA’s most wanted fugitives list, and today we can proudly say he has arrived in the United States where justice will be served,” said DEA Acting Administrator Derek S. Maltz. “This moment is extremely personal for the men and women of DEA who believe Caro Quintero is responsible for the brutal torture and murder of DEA Special Agent Enrique “Kiki” Camarena. It is also a victory for the Camarena family. Today sends a message to every cartel leader, every trafficker, every criminal poisoning our communities: You will be held accountable. No matter how long it takes, no matter how far you run, justice will find you.”

    Many of the defendants were subject to longstanding U.S. extradition requests that were not honored during the prior Administration, but that the Mexican government elected to transfer to the current U.S. government in response to the Justice Department’s efforts pursuant to President Trump’s directive in Executive Order 14157, entitled Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists, to pursue total elimination of these Cartels. Federal prosecutors will evaluate whether additional terrorism and violence charges are appropriate based on the policy set forth in Executive Order 14157, and whether capital punishment is available based on Executive Order 14164, entitled Restoring the Death Penalty and Protecting Public Safety, as well as the Attorney General’s Feb. 5 guidance regarding the death penalty.

    • Rafael Caro Quintero, who is alleged to have been among those responsible for the 1985 murder of DEA agent Enrique “Kiki” Camarena and others.
    • Martin Sotelo, who is alleged to have participated in the 2022 murder of Deputy Sheriff Ned Byrd.
    • Antonio Oseguera Cervantes, who allegedly helped lead CJNG and is reportedly the brother of Nemesio Oseguera Cervantes, also known as “El Mencho.”
    • Ramiro Perez Moreno and Lucio Hernandez Lechuga, who are alleged to be high-ranking members of Los Zetas.

    A complete list of defendants, as well as districts where they are charged and will appear in federal court in the coming days:

    Mexico Defendants

      Name

    Arraignment

    Jurisdiction

    Statutory Maximum
    1 CANOBBIO-INZUNZA, Jose Angel Northern District Illinois Up to life imprisonment
    2. VALENCIA GONZALEZ, Norberto Northern District of Illinois Up to life imprisonment
    3. MARTIN SOTELO, Alder, also known as “Alder Martin-Sotelo” and “Alder Alfonso Marin”

    Middle District of North Carolina

    North Carolina State Court

    Federal: Maximum 10 years imprisonment

    State: Maximum of life imprisonment or death

    4. CRUZ SANCHEZ, Evaristo Southern District of Texas Up to life imprisonment
    5. GARCIA VILLANO, also known as “La Kena,” “19,” and “Ciclone 19” Southern District of Texas Up to life imprisonment
    6. HERNANDEZ LECHUGA, Lucio Eastern District of Texas Up to life imprisonment
    7. PEREZ MORENO, Ramiro Eastern District of Texas Up to life imprisonment
    8. RODRIGUEZ DIAZ, Miguel Angel, also known as “Metro” Eastern District of Texas Up to life imprisonment
    9. VILLARREAL HERNANDEZ, Jose Rodolfo Northern District of Texas Death or life imprisonment
    10. CARO QUINTERO, Rafael Eastern District of New York Death or life imprisonment
    11. CARRILLO FUENTES, Vicente Eastern District of New York Death or life imprisonment
    12. CABRERA CABRERA, Jose Bibiano District of Arizona Up to life imprisonment
    13. CLARK, Andrew Central District of California Death or life imprisonment
    14. INFANTE, Hector Eduardo Central District of California Up to life imprisonment
    15. LIMON LOPEZ, Jesus Humberto District of Arizona Up to life imprisonment
    16. TAPIA QUINTERO, Jose Guadalupe District of Arizona Up to life imprisonment
    17. TORRES ACOSTA, Inez Enrique Southern District of California Up to life imprisonment
    18. GALAVIZ VEGA, Jesus Western District of Texas Up to life imprisonment
    19. MENDEZ ESTEVANE, Luis Geraldo Western District of Texas Death or life imprisonment
    20. MONSIVAIS TREVINO, Carlos Alberto Western District of Texas Up to life imprisonment
    21. ALGREDO VAZQUEZ, Carlos District of Columbia Up to life imprisonment
    22. LOPEZ IBARRA, Rodolfo District of Columbia Up to life imprisonment
    23. OSEGUERA CERVANTES, Antonio District of Columbia Up to life imprisonment
    24. RANGEL BUENDIA, Alfredo District of Columbia Up to life imprisonment
    25. TREVINO MORALES, Miguel Angel, also known as “Z-40” District of Columbia Up to life imprisonment
    26. TREVINO MORALES, Omar, also known as “Z-42”) District of Columbia Up to life imprisonment
    27. VALENCIA SALAZAR, Erick District of Columbia Up to life imprisonment
    28. MENDEZ VARGAS, Jesus Southern District of New York Up to life imprisonment
    29. PALACIOS GARCIA, Itiel Southern District of New York Up to life imprisonment

    Attorney General Pamela Bondi thanked the law enforcement officers of the Drug Enforcement Administration, FBI, U.S. Marshal’s Service, and U.S. Immigration and Customs Enforcement – Homeland Security Investigations, and Hidalgo County Sheriff’s Office for their valuable contributions to these investigations.

    The Attorney General also thanked the Justice Department Criminal Division’s Narcotic and Dangerous Drug Section and its Office of International Affairs, and the U.S. Attorneys’ Offices for the District of Arizona, Central District of California, Southern District of California, the District of Columbia, Middle District of North Carolina, Northern District of Illinois, Eastern District of New York, Southern District of New York, Northern District of Texas, Eastern District of Texas, Southern District of Texas, and Western District of Texas for handling the prosecutions of these cases.

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

    MIL OSI USA News –

    February 28, 2025
  • MIL-OSI New Zealand: Tech – Samsung Launches A New Premium Care Service Offering for Laundry and Fridge Products

    Source: Samsung

    A 0% interest-free payment plan, for up-to five years, including continuous product efficiency and cleanliness routine

    AUCKLAND, NZ – February 28, 2025 – Samsung is excited to announce the launch of Premium Care Service, a new offering available when you purchase any one of 10 Samsung laundry and fridge products. Financing for this offer is available to customers at the convenience of a 0% interest free payment plan for up to 60-months[1], powered by Finance Now.

    Premium Care Service offers customers an annual in-depth cleaning service from a Samsung–certified technician, to keep their appliance running hygienically. Kiwi’s will also get personalised AI setup tips to maximise the use of their new Samsung appliance and its AI features, as well as assistance in setting up the Samsung SmartThings App to enhance their home experience.[2] These benefits are in addition to a flexible up-to five-year payment plan through Finance Now, meaning customers can enjoy Premium Care Service on their Samsung laundry and fridge product(s),[3] while managing their budget effectively.

    “Our mission is to make a high-quality in-depth appliance cleaning service accessible to kiwi households, and Premium Care Service does exactly that,” said Jens Anders, Vice President of Samsung New Zealand. “With a new maximum five year payment plan, we are ensuring that Kiwis can enjoy Samsung’s latest AI home appliance innovation with complete peace of mind.”[4]

    The Premium Care Service is now available for eligible Samsung laundry and fridge products in the Auckland region. This service offers a convenient, annual in-depth cleaning service to allow your appliances to continue to perform at their best.

    To celebrate the launch, customers can enjoy a special 50% discount on the Premium Care Service throughout the month of March[5].

    Looking ahead, Samsung is exploring the expansion of its Premium Care Service to offer additional benefits for Kiwi customers. The Samsung online store is currently assessing plans to introduce a Premium Care Service offering for TV and A Series tablets, with the aim of extending these services nationwide in the future.

    For more information visit: https://www.samsung.com/nz/offer/care-service/

    [1] 0% interest from 12/24/36/48/60 Months with equal monthly repayments. Minimum purchase $200. Late payment fees may apply. No Establishment or Monthly Service fees. Customers must apply and, be approved for a loan subject to Finance Now Limited’s terms and conditions, fees and normal lending criteria apply. Full Disclosure of all of the terms of your loan (including the total amount payable over the term of the loan) will be provided to you prior to finalising the loan. Finance Now Limited reserves the right to amend, suspend, or withdraw the offer and these T&Cs at any time without prior notice. Trade In is not available with Finance Now. Samsung NZ reserves the right to amend, suspend, or withdraw the offer and these T&Cs at any time without prior notice

    [1] Subject to compatible devices. The cleaning service, AI setup tips and SmartThings assistance will be completed on the first scheduled visit

    [1] Premium Care Service is only available for Eligible Samsung Products. See Terms and Conditions for Premium Care Service for more information.

    [1] Subject to responsible lending inquiries and affordability criteria.

    [1] Premium Care Service has an original RRP of $1299.89. With the 50% promotional discount, the price is now $649.99. This promotion is available from 27 February 2025, 5pm to 31 March 2025, 5pm. Prices displayed for Premium Care Service does not include price of the Eligible Product. Premium Care Service is only available if purchased together with an Eligible Product. For a list of Eligible Products and further terms, please visit www.samsung.com/nz/offer/care-service/

    About Samsung Electronics Co., Ltd.

    Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners.

    [1] 0% interest from 12/24/36/48/60 Months with equal monthly repayments. Minimum purchase $200. Late payment fees may apply. No Establishment or Monthly Service fees. Customers must apply and, be approved for a loan subject to Finance Now Limited’s terms and conditions, fees and normal lending criteria apply. Full Disclosure of all of the terms of your loan (including the total amount payable over the term of the loan) will be provided to you prior to finalising the loan. Finance Now Limited reserves the right to amend, suspend, or withdraw the offer and these T&Cs at any time without prior notice. Trade In is not available with Finance Now. Samsung NZ reserves the right to amend, suspend, or withdraw the offer and these T&Cs at any time without prior notice

    [2] Subject to compatible devices. The cleaning service, AI setup tips and SmartThings assistance will be completed on the first scheduled visit

    [3] Premium Care Service is only available for Eligible Samsung Products. See Terms and Conditions for Premium Care Service for more information.

    [4] Subject to responsible lending inquiries and affordability criteria.

    [5] Premium Care Service has an original RRP of $1299.89. With the 50% promotional discount, the price is now $649.99. This promotion is available from 27 February 2025, 5pm to 31 March 2025, 5pm. Prices displayed for Premium Care Service does not include price of the Eligible Product. Premium Care Service is only available if purchased together with an Eligible Product. For a list of Eligible Products and further terms, please visit www.samsung.com/nz/offer/care-service/

    MIL OSI New Zealand News –

    February 28, 2025
  • MIL-OSI Security: Attorney General Pamela Bondi Announces 29 Wanted Defendants from Mexico Taken into U.S. Custody

    Source: United States Attorneys General

    Today, the United States secured custody of 29 defendants from Mexico who are facing charges in districts around the country relating to racketeering, drug-trafficking, murder, illegal use of firearms, money laundering, and other crimes. The defendants taken into U.S. custody today include leaders and managers of drug cartels recently designated as Foreign Terrorist Organizations and Specially Designated Global Terrorists, such as the Sinaloa Cartel, Cártel de Jalisco Nueva Generación (CJNG), Cártel del Noreste (formerly Los Zetas), La Nueva Familia Michoacana, and Cártel de Golfo (Gulf Cartel).  These defendants are collectively alleged to have been responsible for the importation into the United States of massive quantities of poison, including cocaine, methamphetamine, fentanyl, and heroin, as well as associated acts of violence.

    “As President Trump has made clear, cartels are terrorist groups, and this Department of Justice is devoted to destroying cartels and transnational gangs,” said Attorney General Pamela Bondi. “We will prosecute these criminals to the fullest extent of the law in honor of the brave law enforcement agents who have dedicated their careers — and in some cases, given their lives — to protect innocent people from the scourge of violent cartels. We will not rest until we secure justice for the American people.”

    “The FBI and our partners will scour the ends of the earth to bring terrorists and cartel members to justice,” said FBI Director Kash Patel. “The era of harming Americans and walking free is over.”

    “Today’s actions are a consequence of a White House that negotiates from a position of strength, and an Attorney General who is willing to lead the Department with courage and ferocity,” said Acting Deputy Attorney General Emil Bove. “By prosecuting these defendants to the maximum extent allowable under the law, we honor the memory of Special Agent Camarena, Deputy Sherrif Byrd, and other victims who are far too numerous, as well as decades of hard work in the trenches by our law enforcement partners.”

    “Today, 29 fugitive cartel members have arrived in the United States from Mexico, including one name that stands above the rest for the men and women of the DEA — Rafael Caro Quintero. Caro Quintero, a cartel kingpin who unleashed violence, destruction, and death across the United States and Mexico, has spent four decades atop DEA’s most wanted fugitives list, and today we can proudly say he has arrived in the United States where justice will be served,” said DEA Acting Administrator Derek S. Maltz. “This moment is extremely personal for the men and women of DEA who believe Caro Quintero is responsible for the brutal torture and murder of DEA Special Agent Enrique “Kiki” Camarena. It is also a victory for the Camarena family. Today sends a message to every cartel leader, every trafficker, every criminal poisoning our communities: You will be held accountable. No matter how long it takes, no matter how far you run, justice will find you.”

    Many of the defendants were subject to longstanding U.S. extradition requests that were not honored during the prior Administration, but that the Mexican government elected to transfer to the current U.S. government in response to the Justice Department’s efforts pursuant to President Trump’s directive in Executive Order 14157, entitled Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists, to pursue total elimination of these Cartels. Federal prosecutors will evaluate whether additional terrorism and violence charges are appropriate based on the policy set forth in Executive Order 14157, and whether capital punishment is available based on Executive Order 14164, entitled Restoring the Death Penalty and Protecting Public Safety, as well as the Attorney General’s Feb. 5 guidance regarding the death penalty.

    • Rafael Caro Quintero, who is alleged to have been among those responsible for the 1985 murder of DEA agent Enrique “Kiki” Camarena and others.
    • Martin Sotelo, who is alleged to have participated in the 2022 murder of Deputy Sheriff Ned Byrd.
    • Antonio Oseguera Cervantes, who allegedly helped lead CJNG and is reportedly the brother of Nemesio Oseguera Cervantes, also known as “El Mencho.”
    • Ramiro Perez Moreno and Lucio Hernandez Lechuga, who are alleged to be high-ranking members of Los Zetas.

    A complete list of defendants, as well as districts where they are charged and will appear in federal court in the coming days:

    Mexico Defendants

      Name

    Arraignment

    Jurisdiction

    Statutory Maximum
    1 CANOBBIO-INZUNZA, Jose Angel Northern District Illinois Up to life imprisonment
    2. VALENCIA GONZALEZ, Norberto Northern District of Illinois Up to life imprisonment
    3. MARTIN SOTELO, Alder, also known as “Alder Martin-Sotelo” and “Alder Alfonso Marin”

    Middle District of North Carolina

    North Carolina State Court

    Federal: Maximum 10 years imprisonment

    State: Maximum of life imprisonment or death

    4. CRUZ SANCHEZ, Evaristo Southern District of Texas Up to life imprisonment
    5. GARCIA VILLANO, also known as “La Kena,” “19,” and “Ciclone 19” Southern District of Texas Up to life imprisonment
    6. HERNANDEZ LECHUGA, Lucio Eastern District of Texas Up to life imprisonment
    7. PEREZ MORENO, Ramiro Eastern District of Texas Up to life imprisonment
    8. RODRIGUEZ DIAZ, Miguel Angel, also known as “Metro” Eastern District of Texas Up to life imprisonment
    9. VILLARREAL HERNANDEZ, Jose Rodolfo Northern District of Texas Death or life imprisonment
    10. CARO QUINTERO, Rafael Eastern District of New York Death or life imprisonment
    11. CARRILLO FUENTES, Vicente Eastern District of New York Death or life imprisonment
    12. CABRERA CABRERA, Jose Bibiano District of Arizona Up to life imprisonment
    13. CLARK, Andrew Central District of California Death or life imprisonment
    14. INFANTE, Hector Eduardo Central District of California Up to life imprisonment
    15. LIMON LOPEZ, Jesus Humberto District of Arizona Up to life imprisonment
    16. TAPIA QUINTERO, Jose Guadalupe District of Arizona Up to life imprisonment
    17. TORRES ACOSTA, Inez Enrique Southern District of California Up to life imprisonment
    18. GALAVIZ VEGA, Jesus Western District of Texas Up to life imprisonment
    19. MENDEZ ESTEVANE, Luis Geraldo Western District of Texas Death or life imprisonment
    20. MONSIVAIS TREVINO, Carlos Alberto Western District of Texas Up to life imprisonment
    21. ALGREDO VAZQUEZ, Carlos District of Columbia Up to life imprisonment
    22. LOPEZ IBARRA, Rodolfo District of Columbia Up to life imprisonment
    23. OSEGUERA CERVANTES, Antonio District of Columbia Up to life imprisonment
    24. RANGEL BUENDIA, Alfredo District of Columbia Up to life imprisonment
    25. TREVINO MORALES, Miguel Angel, also known as “Z-40” District of Columbia Up to life imprisonment
    26. TREVINO MORALES, Omar, also known as “Z-42”) District of Columbia Up to life imprisonment
    27. VALENCIA SALAZAR, Erick District of Columbia Up to life imprisonment
    28. MENDEZ VARGAS, Jesus Southern District of New York Up to life imprisonment
    29. PALACIOS GARCIA, Itiel Southern District of New York Up to life imprisonment

    Attorney General Pamela Bondi thanked the law enforcement officers of the Drug Enforcement Administration, FBI, U.S. Marshal’s Service, and U.S. Immigration and Customs Enforcement – Homeland Security Investigations, and Hidalgo County Sheriff’s Office for their valuable contributions to these investigations.

    The Attorney General also thanked the Justice Department Criminal Division’s Narcotic and Dangerous Drug Section and its Office of International Affairs, and the U.S. Attorneys’ Offices for the District of Arizona, Central District of California, Southern District of California, the District of Columbia, Middle District of North Carolina, Northern District of Illinois, Eastern District of New York, Southern District of New York, Northern District of Texas, Eastern District of Texas, Southern District of Texas, and Western District of Texas for handling the prosecutions of these cases.

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

    MIL Security OSI –

    February 28, 2025
  • MIL-OSI: Fifth Era Acquisition Corp I Announces the Pricing of $200,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Each Unit Includes One Class A Ordinary Share and
    One Share Right to Receive 1/10th of a Class A Ordinary Share

    New York, NY, Feb. 27, 2025 (GLOBE NEWSWIRE) — Fifth Era Acquisition Corp. I (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, February 28, 2025, under the ticker symbol “FERAU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “FERA” and “FERAR,” respectively. The offering is expected to close on March 3, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus on technology enabled businesses in a diverse range of areas including internet, enterprise technology, software, including artificial intelligence, fintech and blockchain.

    The Company’s management team is led by Mitchell Mechigian, its Chief Executive Officer and Director, Alison Davis, its managing director, Chris Linn, its Chief Financial Officer and Director, and Matthew Le Merle, its Managing Director and Chairman of the Board of Directors (the “Board”). In addition, the Board includes Colin Wiel, Gary Cookhorn, and Rebecca Macieira-Kaufmann.

    Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com.

    A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on February 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Fifth Era Acquisition Corp I
    Mitchell Mechigian 
    spac@fifthera.com

    The MIL Network –

    February 28, 2025
  • MIL-OSI Submissions: Riyadh International Disputes Week 2025 Concludes, With a High Turnout of Participants From 82 Countries

    Source: AETOSWire

    Riyadh International Disputes Week – Riyadh concluded the 2nd edition of the Riyadh International Disputes Week (RIDW25) with a significant international turnout of more than 4.8 thousand attendees from 82 countries. With more than 87 specialized legal events, RIDW25 featured 470 renowned local and international speakers, who came together to explore the latest global trends shaping the commercial dispute resolution industry.

    With a rich lineup of legal and arbitration experts, lawyers, thought leaders, and representatives of key global organizations, the event reflects Saudi Arabia’s keenness to boost its investment climate, and attract foreign investment and major international companies, in charge of mega project developments in the Kingdom. Developing a wide range of dispute settlement mechanisms is a key factor in investment attractiveness and economic competitiveness globally.

    Organized by the Saudi Center for Commercial Arbitration (SCCA), RIDW25 is one of the distinguished international events in the commercial dispute resolution industry, on par with the Paris Arbitration Week, the London International Disputes Week and the China Arbitration Week.

    The centerpiece of RIDW25, the 4th International Conference and Exhibition of the Saudi Center for Commercial Arbitration (SCCA25) brought together prominent legal figures from various sectors, with an audience of 1,250+ local and international participants from across the legal and business. The SCCA25 featured 28 speakers and 9 panel discussions, keynote speeches and presentations, exploring the most prominent ways to develop the commercial arbitration environment and enhance the integration of international legal practices.

    RIDW25 also featured the sixth edition of the SCCA International Arbitration Moot (SIAM6), an international commercial arbitration competition for Arabic-speaking students who compete in hypothetical arbitrations that simulate real-world international commercial arbitration cases. SIAM6 is the sister competition of Willem C. Vis International Commercial Arbitration Moot (‘Vis Moot’).

    Also on the agenda, discussions on the impact of AI in arbitration, and how technology can contribute to enhancing the efficiency and transparency of dispute resolution processes.

    Dr. Walid bin Sulaiman Abanumay, Chairman of the Board of SCCA confirmed that RIDW25 reinforces Saudi Arabia’s position as a reliable destination to address commercial and investment disputes and reflects its commitment to nurture a legal environment that supports economic growth and investment, in line with the goals of the “Saudi Vision 2030”.

    MIL OSI – Submitted News –

    February 28, 2025
  • MIL-OSI Economics: Galaxy Buds3 Series Offers Enhanced Convenience on the Galaxy S25 Series

    Source: Samsung

    The Galaxy S25 series has redefined how we interact with our phones and the world around us, helping elevate the power of Galaxy AI1 to the next level. These more natural, context-aware, and personalized mobile experiences bring new possibilities to Samsung’s full device ecosystem, including the Galaxy Buds3 series.
    And now, with the rollout of One UI 7, you can access the most convenient and intelligent audio with Galaxy Buds3 and Buds3 Pro. Easily change sound settings on the quick settings panel and have your preferences applied to specific apps, all for your convenience. Plus, users can enjoy the more accessible, personalized audio experience enabled by Adapt sound feature.
    Let’s take a closer look at how the Galaxy Buds3 series can enhance and transform your everyday soundscape.

    New Features for Advanced Customization and Convenient Control
    Adjust Sound Settings with More Convenience   
    Fine-tuning your audio should be quick and easy so you can enjoy whatever you’re listening to anytime, anywhere. Galaxy Buds3 series makes the job much simpler with One UI 7, eliminating the need to separately access the Galaxy Wearable app on your smartphone each time you want to adjust the settings for your device. Now for the first time, conveniently adjust volume, noise control, and sound settings all from your device’s quick settings panel for a hassle-free listening experience.
    How to Adjust Buds Setting on Quick settings panel
    Open Quick settings panel on your connected smartphone
    Touch and hold the Volume slider in the panel
    Tap which setting you would like to change

    Personalize Sound Settings for Specific Apps
    Sound setting preferences often vary by the app you’re using. For instance, when listening to music you may prefer the bass turned high, but when watching a movie, you prefer a more immersive 360-degree sound experience. With App sound settings, you no longer need to adjust sound settings each time you visit an app. Simply set your sound preferences for individual apps2 once via quick settings panel, and the Galaxy Buds3 series will automatically apply them whenever the app starts playing media. A first-of-its-kind feature, this capability delivers a more seamless daily audio routine, tailored to your liking.
    How to Use App sound settings
    Open Quick settings panel on your connected smartphone
    Touch the Earbuds icon in the media panel or touch and hold the Volume slider above the media panel
    Tap on the sound setting you would like to adjust for the application that is being

    Tailored Sound for Personal Hearing Needs
    One UI 7 expands ambient sound capabilities even further with the updated Adapt sound feature,3 allowing you to curate the personalized sound experience with clearer and more accurate sound when on calls or watching videos so you don’t miss a line of dialogue. The advanced hearing test helps you create your own sound profile unique to you, or if you’re pressed for time, simply choose from three preset profiles based on your age groups.
    How to Enable Adapt sound 1
    Open the Galaxy Wearable app on your connected smartphone
    Tap on Earbuds settings
    Tap on Accessibility
    Tap on Adapt sound
    Choose among three preset profiles or do Hearing test
    How to Enable Adapt sound 2
    Open the Galaxy Wearable app on your connected smartphone
    Tap on Sound quality and effects
    Tap on Adapt sound
    Choose among three preset profiles or do Hearing test

    An Intelligent Audio Experience for All
    With the power of Galaxy AI, the Galaxy Buds3 series not only offers greater convenience, but supports enhanced communication with features that eliminate language barriers and enrich sound regardless of how you wear your earbuds or your environment, for more intelligently tailored moments.
    Seamless Communication in 20 Languages
    With Interpreter4 in Listening mode, language barriers are no longer an obstacle. Whether listening to a lecture in a foreign language or having a conversation with someone in another language, Interpreter in Listening Mode allows you to hear the translation directly through your Galaxy Buds plugged into your ears without needing to look at your smartphone. Now, you can focus solely on the conversation and engage with others face-to-face.
    How to Use Interpreter in Listening mode
    Open the Interpreter app on your connected smartphone
    Place the earbuds in your ears
    Tap on Listening mode on the left side
    Select your desired language
    Tap on the microphone icon to start the translation
    Tap on the microphone icon again to stop the translation
    Pause, resume the translation using the Buds’ pinch control

    Intelligently Optimized Sound, Anytime, Anywhere
    Regardless of how you choose to wear your earbuds, the microphones in the Galaxy Buds3 series analyze both internal and external sound in real time to apply the optimal sound and Active Noise Cancellation (ANC) through Adaptive EQ and Adaptive ANC for each user.
    What’s more, Galaxy Buds3 Pro can intelligently optimize sound in any environment. You can still enjoy your music fully when walking at a park, with Adaptive Noise Control constantly analyzing surrounding sound and automatically adjusting the optimal level of noise without you needing to make any manual adjustments. Siren Detect and Voice Detect5 automatically recognizes emergency siren or your voice and raises the ambient sound, allowing you to stay aware of your surroundings or focus your attention on your conversation.

    How to Enable Adaptive Noise Control
    Open the Galaxy Wearable app on your connected smartphone
    Tap on Adaptive
    How to Enable Siren Detect
    Open the Galaxy Wearable app on your connected smartphone
    Tap on Auto switch to ambient sound
    Select Siren detect
    How to Enable Voice Detect
    Open the Galaxy Wearable app on your connected smartphone
    Tap on Auto switch to ambient sound
    Select Voice detect

    Sound Innovation for Everyone
    With the launch of the Galaxy S25 series, Samsung has set a new standard for mobile AI, introducing a true AI companion that offers the most natural and effortless interactions between you and your world. As these intuitive and intelligent capabilities spread across the Galaxy ecosystem, the Galaxy Buds series will remain at the forefront of sound innovation — unlocking immersive and convenient audio experience for all.

    MIL OSI Economics –

    February 28, 2025
  • MIL-OSI: Rigetti Computing Announces Strategic Collaboration Agreement with Quanta Computer to Accelerate Development and Commercialization of Superconducting Quantum Computing

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into a strategic collaboration agreement with Quanta Computer Inc., (“Quanta”, TWSE: 2382.TW) a Taiwan-based Global Fortune 500 company and the global leader of computer server manufacturing, to accelerate the development and commercialization of superconducting quantum computing.

    The companies have committed to investing more than $100 million each over the next five years, with both sides focusing on their complementary strengths to develop superconducting quantum computing technologies. In addition, Quanta will invest $35 million and purchase shares of Rigetti, subject to regulatory clearance.

    The quantum computing industry is poised to experience rapid growth in the next 5 years, with increasing commercial interest and the market expected to reach $1-2 billion/year by 20301. Of the quantum computing modalities, superconducting qubits are proven to have many advantages over ion trap and neutral atoms, including fast gate speeds and well-established manufacturing techniques from the semiconductor industry.

    “Quanta’s investment in Rigetti will strengthen our leadership in this flourishing market. Our companies’ complementary strengths — Rigetti as a pioneer in superconducting quantum technology, with open, modular architecture enabling incorporation of innovative solutions across different parts of the stack easily, and Quanta as the world’s leading notebook/server manufacturer with $43 billion in annual sales — will help to put us at the forefront of the quantum computing industry,” says Dr. Subodh Kulkarni, Rigetti CEO.

    1“Quantum Computing On Track to Create Up to $850 Billion of Economic Value By 2040,” BCG, July 18, 2024

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/.

    About Quanta Computer
    Quanta Computer Inc. is a Fortune Global 500 Company and a leader in worldwide notebook manufacturing, as well as a leading solution provider in cloud computing. Quanta provides innovative products with superior technology in information and communications, consumer electronics, cloud computing, smart home solutions, smart automobile solutions, smart healthcare, and AIoT, etc. Founded in 1988 and listed in TWSE since 1999, Quanta Computer is headquartered in Taiwan with manufacturing and service locations across Asia, Americas, and Europe, etc. FY2024 consolidated revenues for Quanta Computer amounted to US$43 billion with a workforce of approximately 60,000 employees worldwide. For further information, please visit Quanta Computer’s website at www.quantatw.com.

    Rigetti Media Contact
    press@rigetti.com

    Cautionary Language and Forward-Looking Statements
    Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; the expectation that Rigetti and Quanta will each invest more than $100 million over the next five years; expectations regarding Quanta’s anticipated $35 million investment in the Company through a purchase of the Company’s common stock; anticipated regulatory clearance; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta Computer on our operations, technology roadmap, milestones, and our position in the industry; anticipated market size of the quantum computing industry over the coming years; and the possibility that superconducting qubits will function better than ion trap and neutral atoms. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations, including the strategic collaboration with Quanta Computer; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

    The MIL Network –

    February 28, 2025
  • MIL-OSI USA: Senator Marshall on Newsmax: America’s Future Is Bright

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington, DC – U.S. Senator Roger Marshall, M.D. (R-Kansas) joined Newsline on Newsmax today to discuss the meeting he and his Senate Department of Government Efficiency (DOGE) Caucus colleagues had with Elon Musk at the White House.
    Senator Marshall also discussed his legislation to ban dangerous gain-of-function research, President Donald Trump’s recent executive order improving healthcare price transparency, and rooting out waste, fraud, and abuse within Medicaid. 
    [embedded content]
    You may click HERE or on the image above to watch Senator Marshall’s full Newsmax interview.
    Highlights from Senator Marshall’s interview include:
    On the Senate DOGE Caucus’s meeting with Elon Musk:
    “What an exciting day. I just left a meeting with Elon Musk, and he’s doing an incredible job over there. For the first time in years, I’ve got more hope in my heart. I’m bullish on America. We’re going to figure out a way to balance the budget. There’s so much waste, fraud, and abuse, and he’s doing a great job getting to the bottom of it, saving Americans’ [taxpayer dollars],I think it will be a trillion dollars when it’s all said and done.”
    “Elon started out talking about was his compassion for federal employees, that those people who have a job that matters, that’s needed, that if they care, if they’re competent, we want to keep those people around. But meanwhile, there’s so much other fraud, waste, and abuse in there. For example, the Treasury Department issuing checks without people having to fill in what budget line item this was for, so that was ignored by USAID, amongst others as well.”
    On Senate Marshall’s bill to ban gain-of-function research:
    “This bill would ban any federal funding for viral gain-of-function research, no matter how Anthony Fauci wants to describe it. Remember, this viral gain-of-function [research] was Anthony Fauci’s pet project for over 20 years. We spent, I’m going to say, $20, $50 billion on this research, helping the Chinese. They ended up developing the COVID virus, which killed 10, 20 million people across the world.” 
    “We’ve never seen any gain at all from this gain-of-function research. It’s never helped mankind. It’s way more dangerous than nuclear warheads are, so it’s time to just put an end to it. Every three or five years, we hear about a virus escaping from a laboratory, even in America. They’re very hard to contain, even in a biosecurity four-level lab, and we certainly don’t need to be teaching our enemies how to grow these viruses, which are perfect for terrorist weapons.”
    On President Trump’s Executive Order on healthcare price transparency:
    “So, transparency price tags, as I like to call them, is one of the pillars of driving down the cost of health care. In President Trump’s first term, we worked with him, requiring every hospital to list the prices on different procedures, maybe 20% of them were compliant with that. We want to make that situation much, much simpler, something that anyone could open up an app, get on the CMS website, and see what every hospital is charging.” 
    “Let’s let Americans become consumers again, even in health care. So, transparency is the first pillar of making health care affordable again. At the end of the day, it’s going to help save money for Medicare and Medicaid and preserve those great programs.”
    On waste, fraud, and abuse within Medicaid programs:
    “There’s not a federal program out there that’s more broken than Medicaid is. We’ve increased the spending by 50% over the last five years without better outcomes to show for it. Look, we Republicans want to make sure that every American has access to meaningful health care. But Medicaid is not the answer.”
    “I think the first answer is expanding community health centers… but you talk about an opportunity to Make America Healthy Again, to make a difference in people’s lives, it would be those people on Medicaid.” 
    “We want to make sure that people get the health care that they need, but at the same time, we don’t want this money being used for waste, fraud, and abuse. Medicaid will be at a trillion dollars here in the next year or two for what we’re spending on it. That’s unsustainable.”

    MIL OSI USA News –

    February 28, 2025
  • MIL-OSI USA: Senators Rosen, Husted, & Ricketts Introduce Bipartisan Bill to Protect American Government Devices from PRC-Controlled AI Program

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    WASHINGTON, DC – Today, U.S. Senators Jacky Rosen (D-NV), Jon Husted (R-OH), and Pete Ricketts (R-NE) introduced bipartisan legislation to prohibit the use of DeepSeek — a new artificial intelligence (AI) platform with direct ties to the Chinese Communist Party — on all government devices and networks. DeepSeek poses a potentially major national security threat, as data collected from the program is being shared directly with the People’s Republic of China (PRC) government and its intelligence agencies. Several U.S. states and allied nations have already moved to block DeepSeek from government devices due to critical security concerns.
    “As the artificial intelligence landscape continues to rapidly expand, the U.S. must take steps to ensure Americans’ data and government systems remain protected against platforms — like DeepSeek — that are linked to our adversaries,” said Senator Rosen. “This bipartisan legislation takes proactive steps to ban DeepSeek on all U.S. government devices, helping to further safeguard sensitive government data from the Chinese Communist Party.”
    “DeepSeek is a tool that perpetuates Communist China’s agenda—full stop,” said Senator Husted. “It exposes Americans’ data to our adversary’s government, lies to its users, and exploits American workers’ AI advances. We can’t afford for U.S. officials to play into Beijing’s hands by hosting this hostile bot on their devices. Our bill is an urgent first step toward protecting our citizens, government, and economy from China’s Communist Party.”
    “DeepSeek poses serious security risks to Americans who use the platform. It should not be on government devices,” said Senator Ricketts. “This bipartisan bill ensures that DeepSeek does not expose our government to potential national security risks—or give our data to Communist China.”
    As the first and only former computer programmer to serve in the Senate, Senator Rosen has led the fight to strengthen the nation’s cybersecurity. Last year, Rosen called on the Department of Health and Human Services and the Cybersecurity and Infrastructure Security Agency to create a plan to help health care systems respond to cyber attacks like the recent ransomware attack on Change Healthcare. Additionally, Rosen’s bipartisan Department of Defense Civilian Cybersecurity Reserve Act became law to recruit civilian cybersecurity personnel to serve in reserve capacities and respond to cyberattacks during times of need. Senator Rosen has introduced bipartisan bills to bolster the cybersecurity of medical devices and records from the Department of Veterans Affairs, both of which were signed into law.

    MIL OSI USA News –

    February 28, 2025
  • MIL-OSI United Nations: US funding cuts confirmed, ending lifesaving support for women and girls

    Source: United Nations 2

    27 February 2025 Humanitarian Aid

    The United States has cut $377 million worth of funding to the UN reproductive and sexual health agency, UNFPA, it was confirmed on Thursday, leading to potentially “devasting impacts”, on women and girls.

    “At 7pm on 26 February, UNFPA was informed that nearly all of our grants (48 as of now) with USAID and the US State Department have been terminated,” the UN agency said in a statement.

    “This decision will have devastating impacts on women and girls and the health and aid workers who serve them in the world’s worst humanitarian crises.”

    The USAID grants were designated to provide critical maternal healthcare, protection from violence, rape treatment and other lifesaving care in humanitarian settings.

    This includes UNFPA’s work to end maternal death, safely deliver babies and address horrific violence faced by women and girls in places like Gaza, Sudan and Ukraine.

    From Afghanistan to Ukraine

    The UN agency partners with 150 countries to provide access to a wide range of sexual and reproductive health services.

    Its goal is ending unmet needs for family planning, preventable maternal death, gender-based violence and harmful practices, including child marriage and female genital mutilation, by 2030.

    “These termination notices include grants for which we had previously received humanitarian waivers, as they were considered lifesaving interventions for the world’s most vulnerable women and girls,” UNFPA said.

    The grants funded programmes in countries including Afghanistan, Chad, the Democratic Republic of the Congo, Haiti, Mali, Sudan, Syria and its neighbouring countries, as well as Ukraine.

    MIL OSI United Nations News –

    February 28, 2025
  • MIL-OSI: James Altucher Predicts Elon Musk’s Starlink Poised for Historic Breakthrough: Possible “Super-IPO” Announcement on March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Renowned entrepreneur and technology analyst James Altucher is predicting what could be the most significant technological shift of the decade. According to Altucher, all signs point to Elon Musk preparing to unveil a groundbreaking development as early as March 13, 2025—announcing an event he calls a “Super-IPO” that could redefine global connectivity forever.

    The Starlink Revolution

    Starlink, a division of SpaceX, has already disrupted traditional internet service providers by deploying a revolutionary satellite-based network. Unlike conventional broadband and 5G technology, Starlink’s system bypasses ground-based infrastructure, delivering fast, reliable, and uninterrupted internet access from anywhere on the planet—whether in a metropolitan hub or a remote rural location.

    Altucher explains that this technology is set to challenge legacy telecom giants, with Musk’s vision for a global, high-speed internet service that eliminates dead zones, enhances emergency response systems, and powers the next generation of digital communication. With over 2.6 million users already onboard and expansion accelerating, Starlink is at the forefront of a connectivity revolution.

    Key Developments Leading to a Major Announcement

    A series of key developments have fueled speculation about an imminent announcement:

    ●   Elon Musk’s Own Statements: In a previous statement, Musk confirmed that Starlink would go public once its cash flow became predictable—recent reports indicate this milestone has been reached.

    ●   Market Positioning: Analysts note that Starlink has surpassed critical operational thresholds, now servicing major commercial and government clients worldwide.

    ●   Government & Industry Integration: With ties to aerospace, defense, and global commerce, Starlink’s expanding role suggests a strategic alignment with the next phase of space-based communications.

    Altucher’s Perspective on This Historic Moment

    James Altucher states, “Mark my words: what’s coming next is a radical new internet, powered directly by President Trump’s right-hand man, Elon Musk”

    Further emphasizing the impact of this anticipated announcement, Altucher remarks, “History shows that situations like this are when everyday folks have the rare shot at getting extraordinarily rich”

    He draws comparisons to past technological revolutions, adding, “Untold amounts of wealth are made over time by folks who see it coming”

    What Comes Next?

    With March 13 on the horizon, all eyes are on Musk and his team as they prepare to potentially unveil what could be the largest technological leap forward in modern internet history.

    About James Altucher

    James Altucher is a bestselling author, entrepreneur, and technology analyst known for his deep insights into emerging trends and disruptive innovations. He has founded multiple companies, appeared on top financial media platforms, and built a loyal following through his expertise in finance, tech, and entrepreneurship. His work has been featured in The Wall Street Journal, CNBC

    Media Contact:

    Derek Warren
    Public Relations Manager
    Paradigm Press Group
    Email: dwarren@paradigmpressgroup.com

    The MIL Network –

    February 28, 2025
  • MIL-OSI: Old National Bancorp to Present at the Raymond James & Associates and RBC Capital Markets Conferences

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Feb. 27, 2025 (GLOBE NEWSWIRE) — Old National Bancorp (NASDAQ: ONB) Chairman and Chief Executive Officer Jim Ryan is scheduled to present at the Raymond James & Associates 46th Annual Institutional Investors Conference on Monday, March 3, 2025, at 1:40 p.m. Eastern Time. Mr. Ryan is also scheduled to present at the 2025 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025, at 10:40 a.m. Eastern Time.

    Interested investors may access the links for the live audio webcast of each event in the Investor Relations section at oldnational.com. A replay of each webcast will be made available on the same site.

    ABOUT OLD NATIONAL
    Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $54 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    The MIL Network –

    February 28, 2025
  • MIL-OSI: Intermap Announces Date for 2024 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 27, 2025 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that it plans to release fourth quarter and full year 2024 financial results after market close on Thursday, March 27, 2025.

    Intermap’s CEO Patrick A. Blott, CFO Jennifer Bakken and COO Jack Schneider will host a live webinar on Thursday, March 27, 2025, at 5:00 pm ET to review the results, provide Company updates and answer investor questions following the presentation.

    Intermap invites shareholders, analysts, investors, media representatives and other stakeholders to attend the earnings webinar to discuss fourth quarter 2024 results.

    CONFERENCE CALL DETAILS
    DATE:     Thursday, March 27, 2025
    TIME:     5:00 pm ET
    WEBCAST:     Register

    A recording of the webinar and supporting materials will be made available in the investor’s section of the Company’s website at https://www.intermap.com/investors.

    Intermap Reader Advisory 
    Certain information provided in this news release, including reference to revenue growth, constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

    About Intermap Technologies 

    Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. 

    For more information, please visit www.intermap.com or contact:
    Jennifer Bakken
    Executive Vice President and CFO
    CFO@intermap.com
    +1 (303) 708-0955

    Sean Peasgood
    Investor Relations
    Sean@SophicCapital.com
    +1 (647) 7260-9266

    The MIL Network –

    February 28, 2025
  • MIL-OSI: Exabits & GAIB Partner to Tokenize GPU Compute Power and Their Yields, Unlocking a New Era for AI and Cloud Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Exabits, the baselayer for AI compute for enterprises and a supplier to decentralized cloud compute companies and GAIB, the first economic layer for AI and compute financialization, creating a new type of yield bearing assets backed by real AI demands, today announced a strategic partnership to revolutionize how GPU infrastructure is acquired, scaled, and monetized. By combining Exabits’ high-performance AI compute technology with GAIB’s tokenized GPU investment platform, this partnership will unlock new capital flows, expand GPU accessibility, and provide investors with a direct stake in the growing AI compute economy.

    The collaboration addresses a critical challenge in AI and cloud computing—the high cost and limited access to high-performance GPUs. With demand for AI compute skyrocketing, Exabits and GAIB are introducing a scalable investment model that allows institutions, enterprises, and investors to participate in the growth of AI compute infrastructure through tokenized GPU assets.

    Transforming GPU Compute into a High-Value Investment Asset

    GPUs are the core infrastructure powering AI, machine learning, and high-performance computing, yet access remains concentrated among a few large cloud providers. The Exabits-GAIB partnership introduces a new financial model that enables:

    • Ownership of Tokenized GPUs and Their Yields: Investors gain fractional ownership and earn returns tied to real-world GPU utilization,
    • Cloud Compute Expansion: Exabits will scale its AI-ready GPU infrastructure, supplying more compute power to enterprises, DeSci, gaming, and AI-driven industries.
    • New Liquidity Channels: GAIB’s tokenization model and DeFi-based financial instruments enable Exabits to scale more efficiently without relying solely on traditional capital-raising methods.

    “The AI industry is experiencing an unprecedented demand for compute power, but access remains costly and centralized,” said [Exabits Executive Name], [Title] of Exabits. “By tokenizing GPU assets with GAIB, we’re introducing a new investment model that allows institutional and retail investors to participate in AI’s explosive growth while expanding our infrastructure to meet market needs.”

    “GAIB is building the AiFi economy, which signifies a paradigm shift in how we perceive and utilize computational resources, particularly in the context of artificial intelligence and machine learning., and this partnership with Exabits provides additional support for our vision,” said Kony, CEO of GAIB. “We’re making GPU investments more accessible, liquid, and scalable—bridging the gap between capital markets and the AI revolution.”

    How the Partnership Works

    GPU and Their Yield Tokenization: Transforming Compute Assets into Tradable Financial Products

    Exabits will acquire GPUs through GAIB’s tokenization platform, enabling investors to own a stake in real-world AI compute infrastructure.

    • Exabits’ Role: Identify GPUs for tokenization, ensure transparent asset registration, and deploy them into enterprise-ready cloud compute networks.
    • GAIB’s Role: Develop tokenization protocols, create GPU-based investment products, and manage regulatory compliance.

    Unlocking New Investment Opportunities in AI Compute

    The partnership will provide global investors with direct access to GPU-powered cloud infrastructure through structured financial products.

    • Exabits: Establishes hardware procurement needs, enables fractional GPU ownership and integrates with GAIB’s capital injection models.
    • GAIB: Provides a transparent investment ledger,implements a yield-bearing mechanism that allows investors to earn passive income simply by holding the asset and ensures regulatory compliance.

    Liquidity & Scaling: Expanding AI Infrastructure Without Traditional Funding Barriers

    By leveraging GAIB’s financial instruments, Exabits can scale its GPU infrastructure faster, reducing dependence on traditional VC or debt financing.

    • Exabits: Provides real-time GPU utilization and ROI insights, ensuring investors benefit from tokenized GPU revenues.
    • GAIB: Facilitates buying, selling, and staking of GPU-backed tokens, creating a liquid investment market for AI compute assets.

    Enterprise-Grade Cloud Infrastructure for AI Innovation

    Exabits’ cloud platform will power GAIB’s compute offerings, allowing enterprises to access AI-ready infrastructure at scale.

    Why This Matters: The Future of AI Compute is an Investable Asset

    This partnership is a breakthrough for AI, institutional investors, and the compute economy:
     ✔ For Investors: A new way to earn yield from real, high-demand AI compute assets.
     ✔ For Enterprises: Scalable, high-performance AI infrastructure without pure reliance on traditional cloud providers.
     ✔ For the AI Industry: A more efficient, market-driven model for GPU access and scaling.

    Join the AI Compute Revolution

    The Exabits-GAIB partnership is setting a new precedent for how AI infrastructure is funded, scaled, and monetized. As demand for AI compute accelerates, this collaboration will ensure that GPU access is no longer a bottleneck but an investment opportunity for enterprises, investors, and the broader AI ecosystem.

    For more information on how to participate, visit: www.exabits.xyz or https://www.gaib.ai/

    About Exabits

    Exabits is the baselayer for AI compute, providing high-performance cloud infrastructure to enterprises, researchers, and developers. Through proprietary technology and GPU tokenization, Exabits is redefining the future of AI, DeSci, and machine learning compute.

    About GAIB

    GAIB is the first economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform enables a variety of DeFi use cases to be on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products.

    Contact:
    Exabits
    contact@exabits.ai

    GAIB
    contact@gaib.ai

    Press Contact: Ari
    ari@reblonde.com

    Disclaimer: This press release is provided by Exabits. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f81fcd8-1245-4780-8a6a-95c66990227a

    The MIL Network –

    February 28, 2025
  • MIL-OSI United Kingdom: Prime Minister’s remarks at the White House Press Conference: Thursday 27 February

    Source: United Kingdom – Executive Government & Departments

    Speech

    Prime Minister’s remarks at the White House Press Conference: Thursday 27 February

    Prime Minister Keir Starmer’s opening remarks at the White House press conference.

    Thank you very much, Mr President.

    Thank you for your hospitality, thank you for your leadership.

    This has been a very good and very productive visit.

    And with your family roots in Scotland…

    And your close bond with His Majesty the King…

    It’s good to know…

    That the United Kingdom has a true friend in the Oval Office.

    And it was so good to see the bust of Winston Churchill back in its rightful place just a moment ago.

    But look, in a moment of real danger around the world…

    This relationship matters more than ever.

    We remain each other’s first partner in defence…

    Ready to come to the other’s aid…

    To counter threats, wherever and whenever they may arise.

    No two militaries are more intertwined than ours.

    No two countries have done more together to keep people safe.

    And in a few weeks’ time we’ll mark VE Day…

    The 80th anniversary of Victory in Europe.

    Britain and America fought side-by-side to make that happen –

    One of the greatest moments in our history.

    We stand side-by-side still, today…

    And we’re focused now…

    On bringing an enduring end to the barbaric war in Ukraine.

    Mr President, I welcome your deep, personal commitment…

    To bring peace and stop the killing.

    You have created a moment of tremendous opportunity…

    To reach an historic peace deal –

    A deal that would be celebrated in Ukraine and around the world.

    That is the prize.

    But we have to get it right.

    There’s a famous slogan in the United Kingdom…

    From after the Second World War –

    That is that we have to “win the peace.”

    And that’s what we must do now.

    Because it can’t be a peace that rewards the aggressor…

    Or that gives succour to regimes like Iran.

    We agree – history must be on the side of the peacemaker…

    Not the invader.

    So the stakes, they could not be higher.

    And we’re determined to work together to deliver a good deal.

    We’ve discussed a plan today…

    To reach a peace that is tough and fair…

    That Ukraine will help to shape…

    That is backed by strength –

    To stop Putin coming back for more.

    And I am working closely with other European leaders on this.

    And I am clear –

    That the UK is ready…

    To put boots on the ground and planes in the air to support a deal.

    Working together with our allies,

    Because that is the only way that peace that will last.

    Mr President, in this new era…

    You’re also right that Europe must step up.

    And let me tell you now –

    I see the growing threats we face…

    And so the UK is all in.

    This year we will be giving more military aid to Ukraine than ever.

    And just this week…

    I have set out how we are shouldering more of the security burden.

    We’re already one of the biggest spenders in NATO…

    And now we are going much further…

    Delivering Britain’s biggest sustained increase in defence spending since the Cold War.

    This isn’t just talk – it’s action.

    Rebalancing the transatlantic alliance…

    Making us all stronger…

    And standing up for our shared values and shared security…

    As Britain always has.

    Now, Mr President…

    It’s no secret we’re from different political traditions…

    But there is a lot that we have in common.

    We believe it’s not taking part that counts…

    What counts is winning.

    If you don’t win – you don’t deliver.

    And we’re determined to deliver for the working people of Britain and America –

    Who want – and deserve – to see their lives improve.

    So we’re both in a hurry to get things done.

    And that’s what the UK and the US do when we work together:

    We win – and we get things done.

    So we’ll do what it takes to keep our people safe… 

    We will also work together…

    To deliver some big economic wins that can benefit us both.

    We have $1.5 trillion invested in each other’s economies…

    Creating over 2.5 million jobs across both economies.

    Our trading relationship is not just strong –

    It is fair, balanced and reciprocal.

    We’re leaders together in so many areas…

    Ranked one and two in the world as investment destinations…

    One and two for universities…

    One and two for Nobel prizes…

    One and two in golf, as well – by the way…

    And we’re the only two western countries with trillion dollar tech sectors –

    Leaders in AI…

    And look, we take a similar approach on this issue.

    Instead of over-regulating these new technologies…

    We’re seizing the opportunities they offer.

    So we have decided today to go further…

    To begin work on a new economic deal…

    With advanced technology at its core…

    Look – our two nations, together…

    Shaped the great technological innovations of the last century.

    We have a chance now…

    To do the same for the 21st century…

    I mean – artificial intelligence could cure cancer…

    That could be a moonshot for our age…

    And that’s how we will keep delivering for our people.

    There are so many opportunities.

    Keep our nations strong…

    And fulfil the promise of greatness…

    That has always defined this relationship.

    Finally, to underline the importance of this bond…

    It was my privilege and honour to bring a letter with me today –

    From His Majesty the King…

    Not only sending his best wishes…

    But also inviting the President and the First Lady to make a State Visit to the United Kingdom…

    An unprecedented second State Visit – this has never happened before.

    It’s so incredible it will be historic.

    And I’m delighted that I can go back to His Majesty The King and tell him that President Trump has accepted the invitation.

    So thank you.

    Our teams will now work together to set a date.

    Mr President, we look forward to welcoming you in the United Kingdom.

    Thank you once again.

    Updates to this page

    Published 27 February 2025

    MIL OSI United Kingdom –

    February 28, 2025
  • MIL-OSI United Nations: 27 February 2025 Departmental update Protecting key populations from abrupt disruptions to essential HIV services

    Source: World Health Organisation

    Prevention, testing and treatment services for HIV, viral hepatitis and sexually transmitted infections (STI) have driven unprecedented progress in improving population health over the past two decades, with millions of new HIV infections and AIDS-related deaths averted.

    Foreign aid investments in the global HIV response, such as the United States President’s Emergency Plan for AIDS Relief (PEPFAR) and the Global Fund on AIDS, TB and Malaria, have been pivotal to this success, also contributing significantly to progress towards elimination of hepatitis B and C, and STI control. However, abrupt disruptions to foreign aid and service delivery threaten these gains, putting millions of people at risk – especially people living with HIV and key and vulnerable populations.

    Many essential evidence-based prevention interventions, including HIV pre-exposure prophylaxis (PrEP), harm reduction services for people who inject drugs, and community-led programmes have been permanently halted.

    Early reports shared with WHO indicate that prevention and treatment services for key populations are those most affected. Reports include the closure of health centres delivering prevention, testing and treatment interventions for key populations previously supported by U.S. funding. These disruptions are resulting in staffing shortages, supply chain interruptions, and increased barriers to access, leaving key populations – including gay men and other men who have sex with men, sex workers, people who inject drugs, people in prisons, and trans and gender diverse individuals – vulnerable to infection and death, as well as increased stigma and discrimination.

    These developments compromise the ability of service providers to deliver on foundational WHO recommendations that: 

    • all people living with HIV should receive same-day antiretroviral treatment (ART) both to improve their health and to prevent further transmission by achieving sustained viral load suppression; 
    • there should be uninterrupted access to ART for all populations, including key populations living with HIV, during service disruptions; and 
    • person-centred approaches should be implemented and non-judgemental, discrimination-free environments created to foster trust, encourage consistent engagement in care, and support re-engagement for those who may have dropped out of treatment.

    Essential prevention services must remain a priority

    Ensuring that key populations can access prevention services that are free of discrimination is central to HIV, hepatitis and STI responses. Community-based services have consistently proven effective in increasing access and acceptability of programmes, buffering the effects of stigma and discrimination. These programmes facilitate the delivery of interventions that have been proven effective through rigorous scientific research, and that are recommended by WHO to protect people from new infections and harm.

    Core WHO-recommended essential prevention services include condoms and lubricants; testing for HIV, hepatitis B and C, and other STIs; HIV post-exposure prophylaxis and pre-exposure prophylaxis; and harm reduction activities including distribution of needles and syringes, of naloxone to prevent deaths from overdose, and opioid agonist maintenance treatment programmes.

    Commitment to sustainable financing and integrated health systems

    As countries and ministries of health work to mitigate the impact of service disruptions, they must pursue long-term solutions, including sustainable domestic financing to protect these vital health services. This is essential for maintaining the downward trend in HIV incidence and mortality, and to progress toward hepatitis elimination and STI control. 

    WHO also emphasizes the value of an integrated approach to HIV, bringing together stigma and discrimination-free services for tuberculosis, viral hepatitis, sexual and reproductive health, and noncommunicable diseases under the umbrella of strong primary health care. Integrating HIV leads to resource optimization and improvements in overall population health. 

    WHO remains committed to supporting national governments, partners, and donors in adapting to shifting donor support to safeguard the health and well-being of those most vulnerable to HIV, viral hepatitis and STIs.

    MIL OSI United Nations News –

    February 28, 2025
  • MIL-OSI Economics: Major upgrades for Azure AI Foundry today… The app server for AI is here! Learn more.

    Source: Microsoft

    Headline: Major upgrades for Azure AI Foundry today… The app server for AI is here! Learn more.

    Major upgrades for Azure AI Foundry today: GPT-4.5 is now in preview, demonstrating a big step forward in both pre-training and post-training scale. Plus, new models from Cohere, Stability, and Microsoft. As AI becomes core to building every product, we’re also rolling out new capabilities for distillation, fine-tuning and network isolation for our agent service. The app server for AI is here! Learn more: https://lnkd.in/gswHbTn2

    MIL OSI Economics –

    February 28, 2025
  • MIL-OSI Economics: New models, customization and agent upgrades in Azure AI Foundry 

    Source: Microsoft

    Headline: New models, customization and agent upgrades in Azure AI Foundry 

    We are excited to announce major updates to Azure AI Foundry, our integrated platform for designing, customizing, and managing enterprise-grade AI applications.

    At Microsoft, we are dedicated to advancing AI innovation to empower organizations, transform industries, and redefine productivity. Today, we are excited to announce major updates to Azure AI Foundry, our integrated platform for designing, customizing, and managing enterprise-grade AI applications. These updates include groundbreaking new models like OpenAI’s GPT-4.5, enhanced fine-tuning and distillation techniques, and the launch of new enterprise tools for agents. These advancements are designed to accelerate the journey from AI experimentation to tangible business impact.

    Build with Azure AI Foundry

    Introducing GPT-4.5 in preview on Azure OpenAI Service 

    Discover the latest capabilities of azure openai

    Try today

    Building on the success of previous models, GPT-4.5 is the latest and strongest general-purpose model. This research preview demonstrates the achievements from scaling pre and post-training, a step forward in unsupervised learning techniques.

    • Natural interaction: GPT-4.5 offers a more natural interaction experience. It has a broader knowledge base, and its higher “EQ” can help to improve coding, writing, and problem-solving tasks. 
    • Accuracy and hallucinations: With a lower hallucination rate (37.1% vs. 61.8%) and higher accuracy (62.5% vs. 38.2%) compared to GPT-4o, developers can rely on more precise and relevant responses.
    • Stronger human alignment: Enhanced alignment techniques improve GPT-4.5’s ability to follow instructions, understand nuances, and engage in natural conversations, making it a more effective tool for coding and project management. 

     Developers can leverage GPT-4.5 in numerous ways to enhance productivity and creativity. In communication, users can rely on GPT-4.5 to craft clear and effective emails, messages, and documentation. It also offers personalized learning and coaching experiences, helping users to acquire new skills or deepen knowledge in specific areas. During brainstorming sessions, GPT-4.5 can generate innovative ideas and solutions, making it a valuable tool for creative thinking. 

    For project planning and execution, GPT-4.5 assists users in organizing their tasks, ensuring thorough and efficient approaches. It can also handle complex task automation, simplifying intricate processes and workflows. Developers can streamline their coding workflows by getting step-by-step guidance and automating repetitive tasks, to save time and reduce errors. Overall, GPT-4.5 is a versatile model. Starting today, enterprise customers can access GPT-4.5 in Azure AI Foundry.

    New models: Phi-4, Stability AI, and recent releases 

    The latest wave of AI models shares a common focus: delivering specialized capabilities with greater efficiency. These releases represent a shift toward purpose-built AI that excels in specific domains while requiring fewer computational resources. Here are some standout launches on Azure AI Foundry. 

    Microsoft’s Phi models continue to push the boundaries of what’s possible with smaller, more efficient architectures: 

    • Phi-4-multimodal unifies text, speech, and vision for context-aware interactions. Retail kiosks can now diagnose product issues via camera and voice inputs, eliminating the need for complex manual descriptions. 
    • Phi-4-mini It outperforms larger models on coding and math tasks while increasing inference speed by 30% compared to previous models. 
    Experiment with Phi for free

    Stability AI continues to advance generative imaging with models that accelerate creative workflows: 

    • Stable Diffusion 3.5 Large generates high-fidelity marketing assets faster than previous versions, maintaining brand consistency across diverse visual styles. 
    • Stable Image Ultra achieves photorealism for product imagery, reducing photoshoot costs through accurate material rendering and color fidelity. 
    • Stable Image Core an enhanced version of SDXL (text-to-image generative AI model developed by Stability AI), provides high-quality output with exceptional speed and efficiency. 

    Cohere enhances information retrieval capabilities with its latest ranking technology: 

    • Cohere ReRank v3.5 delivers more accurate search results through its 4,096-token context window and support for over 100 languages, surfacing relevant content even without exact keyword matches. 

    The GPT-4o family expands with two specialized variants: 

    • GPT-4o-Audio-Preview handles audio prompts and generates spoken responses with appropriate emotion and emphasis, which is ideal for digital assistants and customer service. 
    • GPT-4o-Realtime-Preview eliminates conversation lag with breakthrough latency reduction, creating genuinely human-like interaction flows. 

    Agora, a pioneer in enabling real-time engagement, notes:

    GPT-4o-Realtime has revolutionized voice interaction for our conversational AI product, empowering developers with multilingual human-like voices, stable streaming, and ultra-low latency across customer service, telemedicine, and education.

    These advances collectively signal AI’s evolution toward more natural, responsive, and efficient interactions across diverse use cases and deployment environments. 

    As our model library surpasses 1,800 offerings, we continue to push the boundaries of experimentation and observability. Our new suite of fine-tuning tools complements the rise of unsupervised learning techniques.  

    • Reinforcement fine-tuning: Now in private preview, this technique teaches models to reason in new ways by rewarding correct logical paths and penalizing incorrect reasoning.
    • Provisioned Deployment for fine-tuning: Azure OpenAI Service now offers Provisioned Deployments for fine-tuned models, ensuring predictable performance and costs through Provisioned Throughput Units (PTUs) in addition to token-based billing.
    • Fine-tuning for Mistral Models: Exclusive to Azure AI Foundry, Mistral Large 2411 and Ministral 3B now support fine-tuning for industry-specific tasks like healthcare document redaction. 
    Build custom generative AI solutions with Azure OpenAI

    Secure automation and scale for enterprise agents 

    In today’s enterprise landscape, security, and scalability are strategic imperatives. We’re introducing two powerful features designed to help you securely harness AI for mission-critical tasks: 

    • Bring your Vnet: Azure AI Agent Service now enables all AI agent interactions, data processing, and API calls to remain securely within your organization’s own virtual network, eliminating exposure to the public internet. Early adopters like Fujitsu are leveraging this capability to improve sales by 67% with their sales proposal creation agent, saving countless hours that can be redirected toward customer engagement and strategic planning, all while maintaining data integrity. 

    To learn more about building multi-agent applications with Azure AI Foundry, check out this informative webinar. 

    Create your AI solution with Azure AI Foundry 

    We are excited about these new developments and look forward to seeing how you will leverage these powerful tools and features to drive innovation. Get going with new models and tools in Azure AI Foundry.

    Azure AI Foundry

    Simplify development and improve AI efficiency.

    MIL OSI Economics –

    February 28, 2025
  • MIL-OSI: HP Inc. Reports Fiscal 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — HP (NYSE: HPQ)

    • First quarter GAAP diluted net earnings per share (“EPS”) of $0.59, within the previously provided outlook of $0.57 to $0.63 per share
    • First quarter non-GAAP diluted net EPS of $0.74, within the previously provided outlook of $0.70 to $0.76 per share
    • First quarter net revenue of $13.5 billion, up 2.4% from the prior-year period
    • First quarter net cash provided by operating activities of $0.4 billion, free cash flow of $0.1 billion
    • First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends
    • Estimated $300 million increase in Future Ready plan annualized gross run rate structural cost savings, to $1.9 billion by end of fiscal year 2025 and estimated $150 million increase in restructuring and other charges to approximately $1.2 billion by the end of fiscal year 2025
    HP Inc.’s fiscal 2025 first quarter financial performance
      Q1 FY25   Q1 FY24   Y/Y
    GAAP net revenue ($B) $ 13.5     $ 13.2     2.4 %
    GAAP operating margin   6.3 %       7.1 %     (0.8) pts
    GAAP net earnings ($B) $ 0.6     $ 0.6     (9)%
    GAAP diluted net EPS $ 0.59     $ 0.62     (5)%
    Non-GAAP operating margin   7.3 %       8.4 %     (1.1)pts
    Non-GAAP net earnings ($B) $ 0.7     $ 0.8     (13)%
    Non-GAAP diluted net EPS $ 0.74     $ 0.81     (9)%
    Net cash provided by operating activities ($B) $ 0.4     $ 0.1     209 %
    Free cash flow ($B) $ 0.1     $ 0.0     180 %
                       

    Notes to table
    Information about HP Inc.’s use of non-GAAP financial information is provided under “Use of non-GAAP financial information” below.

    Net revenue and EPS results
    HP Inc. and its subsidiaries (“HP”) announced fiscal 2025 first quarter net revenue of $13.5 billion, up 2.4% (up 3.3% in constant currency) from the prior-year period.

    “We are pleased with our Q1 performance, achieving revenue growth for the third straight quarter and advancing our strategy to lead the future of work,” said Enrique Lores, HP President and CEO. “Our progress was fueled by a strong commercial business in Personal Systems and momentum in our key growth areas, including AI PCs. We are focused on taking decisive action to address evolving market conditions in the near-term, while investing in our long-term growth.”

    “In Q1 we drove solid progress against our financial commitments for the year and are raising our Future Ready savings target from $1.6 to $1.9 billion dollars by the end of fiscal year 2025,” said Karen Parkhill, HP CFO. “We are holding our outlook for the year and remain focused on disciplined execution as we continue to invest for the future.”

    First quarter GAAP diluted net EPS was $0.59, down from $0.62 in the prior-year period and within the previously provided outlook of $0.57 to $0.63. First quarter non-GAAP diluted net EPS was $0.74, down from $0.81 in the prior-year period and within the previously provided outlook of $0.70 to $0.76. First quarter non-GAAP net earnings and non-GAAP diluted net EPS excludes after-tax adjustments of $139 million, or $0.15 per diluted share, related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items.

    Asset management
    HP’s net cash provided by operating activities in the first quarter of fiscal 2025 was $0.4 billion. Accounts receivable ended the quarter at $4.2 billion, down 5 days quarter over quarter at 28 days. Inventory ended the quarter at $8.4 billion, up 9 days quarter over quarter to 72 days. Accounts payable ended the quarter at $16.5 billion, up 1 day quarter over quarter to 139 days.

    HP generated $70 million of free cash flow in the first quarter. Free cash flow includes net cash provided by operating activities of $374 million adjusted for net investments in leases from integrated financing of $(2) million and net investments in property, plant, equipment and purchased intangible of $302 million.

    HP’s dividend payment of $0.2894 per share in the first quarter resulted in cash usage of $0.3 billion. HP also utilized $100 million of cash during the quarter to repurchase approximately 2.7 million shares of common stock in the open market. HP exited the quarter with $2.9 billion in gross cash, which includes cash and cash equivalents of $2.9 billion, restricted cash of $14 million and short-term investments of $3 million included in other current assets. Restricted cash is related to amounts collected and held on behalf of a third party for trade receivables previously sold.

    Fiscal 2025 first quarter segment results

    • Personal Systems net revenue was $9.2 billion, up 5% year over year (up 5% in constant currency) with a 5.5% operating margin. Consumer PS net revenue was down 7% and Commercial PS net revenue was up 10%. Total units were down 1% with Consumer PS units down 11% and Commercial PS units up 6%.
    • Printing net revenue was $4.3 billion, down 2% year over year (down 1% in constant currency) with a 19.0% operating margin. Consumer Printing net revenue was up 5% and Commercial Printing net revenue was down 7%. Supplies net revenue was down 1% (flat in constant currency). Total hardware units were up 5%, with Consumer Printing units up 7% and Commercial Printing units flat.

    Outlook
    For the fiscal 2025 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.62 to $0.72 and non-GAAP diluted net EPS to be in the range of $0.75 to $0.85. Fiscal 2025 second quarter non-GAAP diluted net EPS estimates exclude $0.13 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items.

    For fiscal 2025, HP estimates GAAP diluted net EPS to be in the range of $2.86 to 3.16 and non-GAAP diluted net EPS to be in the range of $3.45 to $3.75. Fiscal 2025 non-GAAP diluted net EPS estimates exclude $0.59 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. For fiscal 2025, HP anticipates generating free cash flow in the range of $3.2 to $3.6 billion.

    HP’s outlook reflects the added cost driven by the current U.S. tariff increases on China, and associated mitigations. The company has made significant progress building a globally diverse supply chain, and by the end of fiscal year 2025, expects more than 90 percent of HP products sold in North America will be built outside of China. China will continue to be an important manufacturing hub for the rest of the world.

    More information on HP’s earnings, including additional financial analysis and an earnings overview presentation, is available on HP’s Investor Relations website at investor.hp.com.

    HP’s FY25 Q1 earnings conference call is accessible via audio webcast at www.hp.com/investor/2025Q1Webcast.

    About HP Inc.
    HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.

    Use of non-GAAP financial information
    To supplement HP’s consolidated condensed financial statements presented on a generally accepted accounting principles (“GAAP”) basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) financial measures. HP also provides forecasts of non-GAAP diluted net EPS and free cash flow. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below or elsewhere in the materials accompanying this news release. In addition, an explanation of the ways in which HP’s management uses these non-GAAP measures to evaluate its business, the substance behind HP’s decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which HP’s management compensates for those limitations, and the substantive reasons why HP’s management believes that these non-GAAP measures provide useful information to investors is included under “Use of non-GAAP financial measures” after the tables below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for net revenue, operating expense, operating profit, operating margin, other income and expenses, tax rate, net earnings, diluted net EPS, cash provided by operating activities or cash, cash equivalents, and restricted cash prepared in accordance with GAAP.

    Forward-looking statements
    This document contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries which may differ materially from those expressed or implied by such forward-looking statements and assumptions.

    All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred taxes, share repurchases, foreign currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges, planned structural cost reductions and productivity initiatives; any statements of the plans, strategies and objectives of management for future operations, including, but not limited to, our business model and transformation, our sustainability goals, our go-to-market strategy, the execution of restructuring plans and any resulting cost savings (including the fiscal 2023 plan), net revenue or profitability improvements or other financial impacts; any statements concerning the expected development, demand, performance, market share or competitive performance relating to products or services; any statements concerning potential supply constraints, component shortages, manufacturing disruptions or logistics challenges; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims, disputes or other litigation matters; any statements of expectation or belief as to the timing and expected benefits of acquisitions and other business combination and investment transactions; and any statements of assumptions underlying any of the foregoing.   Forward-looking statements can also generally be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” and similar terms.

    Risks, uncertainties and assumptions that could affect our business and results of operations include factors relating to HP’s ability to execute on its strategic plans, including the previously announced initiatives, business model changes and transformation; the development and transition of new products and services and the enhancement of existing products and services to meet evolving customer needs and respond to emerging technological trends, including artificial intelligence; the use of artificial intelligence; the impact of macroeconomic and geopolitical trends, changes and events, including the ongoing military conflict in Ukraine, continued instability in the Middle East or tensions in the Taiwan Strait and South China Sea and the regional and global ramifications of these events; volatility in global capital markets and foreign currency, increases in benchmark interest rates, the effects of inflation and instability of financial institutions; risks associated with HP’s international operations and the effects of business disruption events, including those resulting from climate change; the need to manage (and reliance on) third-party suppliers, including with respect to supply constraints and component shortages, and the need to manage HP’s global, multi-tier distribution network and potential misuse of pricing programs by HP’s channel partners, adapt to new or changing marketplaces and effectively deliver HP’s services; the execution and performance of contracts by HP and its suppliers, customers, clients and partners, including logistical challenges with respect to such execution and performance; the competitive pressures faced by HP’s businesses; the impact of third-party claims of IP infringement; successfully innovating, developing and executing HP’s go-to-market strategy, including online, omnichannel and contractual sales, in an evolving distribution, reseller and customer landscape; successfully competing and maintaining the value proposition of HP’s products, including supplies and services; challenges to HP’s ability to accurately forecast inventories, demand and pricing, which may be due to HP’s multi-tiered channel, sales of HP’s products to unauthorized resellers or unauthorized resale of HP’s products or our uneven sales cycle; the hiring and retention of key employees; the results of our restructuring plans (including the fiscal 2023 plan), including estimates and assumptions related to the cost (including any possible disruption of HP’s business) and the anticipated benefits of our restructuring plans; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; disruptions in operations from system security risks, data protection breaches, or cyberattacks; HP’s ability to maintain its credit rating, satisfy its debt obligations and complete any contemplated share repurchases, other capital return programs or other strategic transactions; changes in estimates and assumptions HP makes in connection with the preparation of its financial statements; the impact of changes to federal, state, local and foreign laws and regulations, including environmental regulations and tax laws; integration and other risks associated with business combination and investment transactions; our aspirations related to environmental, social and governance matters; potential impacts, liabilities and costs from pending or potential investigations, claims and disputes; the effectiveness of our internal control over financial reporting; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and HP’s other filings with the Securities and Exchange Commission (“SEC”). HP’s fiscal 2023 plan includes HP’s efforts to take advantage of future growth opportunities, including but not limited to, investments to drive growth, investments in our people, improving product mix, driving structural cost savings and other productivity measures. Structural cost savings represent gross reductions in costs driven by operational efficiency, digital transformation, and portfolio optimization. These initiatives include but are not limited to workforce reductions, platform simplification, programs consolidation and productivity measures undertaken by HP, which HP expects to be sustainable in the longer-term. These structural cost savings are net of any new recurring costs resulting from these initiatives and exclude one-time investments to generate such savings. HP’s expectations on the longer-term sustainability of such structural cost savings are based on its current business operations and market dynamics and could be significantly impacted by various factors, including but not limited to HP’s evolving business models, future investment decisions, market environment and technology landscape.

    As in prior periods, the financial information set forth in this document, including any tax-related items, reflects estimates based on information available at this time. While HP believes these estimates to be reasonable, these amounts could differ materially from reported amounts in HP’s Annual Report on Form 10-K for the fiscal year ending October 31, 2025, Quarterly Reports on Form 10-Q for the fiscal quarters ending April 30, 2025 and July 31, 2025, and HP’s other filings with the SEC. The forward-looking statements in this document are made as of the date of this document and HP assumes no obligation and does not intend to update these forward-looking statements.

    HP’s Investor Relations website at investor.hp.com contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated, and new information is posted.   The content of HP’s website is not incorporated by reference into this document or in any other report or document HP files with the SEC, and any references to HP’s website are intended to be inactive textual references only.

    Editorial contacts

    HP Inc. Media Relations
    MediaRelations@hp.com

    HP Inc. Investor Relations
    InvestorRelations@hp.com

    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
    (Unaudited)
    (In millions, except per share amounts)
     
      Three months ended
      January 31, 2025   October 31, 2024   January 31, 2024
    Net revenue:          
    Products $ 12,695     $ 13,241     $ 12,419  
    Services   809       814       766  
    Total net revenue   13,504       14,055       13,185  
    Cost of net revenue:          
    Products   10,194       10,593       9,871  
    Services   470       461       426  
    Total cost of net revenue   10,664       11,054       10,297  
    Gross profit   2,840       3,001       2,888  
    Research and development   397       392       399  
    Selling, general and administrative   1,459       1,409       1,383  
    Restructuring and other charges   70       121       63  
    Acquisition and divestiture charges   6       12       27  
    Amortization of intangible assets   63       76       81  
    Total operating expenses   1,995       2,010       1,953  
    Earnings from operations   845       991       935  
    Interest and other, net   (141 )     (129 )     (142 )
    Earnings before taxes   704       862       793  
    (Provision for) benefit from taxes   (139 )     44       (171 )
    Net earnings $ 565     $ 906     $ 622  
               
    Net earnings per share:          
    Basic $ 0.60     $ 0.94     $ 0.63  
    Diluted $ 0.59     $ 0.93     $ 0.62  
               
    Cash dividends declared per share $ 0.58     $ —     $ 0.55  
               
    Weighted-average shares used to compute net earnings per share:          
    Basic   948       959       995  
    Diluted   957       971       1,002  
    HP INC. AND SUBSIDIARIES
    ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
    OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
     
      Three months ended
      January 31, 2025   October 31, 2024   January 31, 2024
      Amounts   Diluted
    net
    earnings

    per share
      Amounts   Diluted
    net
    earnings

    per share
      Amounts   Diluted
    net
    earnings

    per share
    GAAP net earnings $ 565     $ 0.59     $ 906     $ 0.93     $ 622     $ 0.62
    Non-GAAP adjustments:                      
    Restructuring and other charges   70       0.07       121       0.13       63       0.06
    Acquisition and divestiture charges   6       0.01       12       0.01       27       0.03
    Amortization of intangible assets   63       0.07       76       0.08       81       0.08
    Debt extinguishment costs   —       —       3       —       —       —
    Non-operating retirement-related credits    (5 )     (0.01 )     (2 )     —       (2 )     —
    Tax adjustments(a)   5       0.01       (216 )     (0.22 )     17       0.02
    Non-GAAP net earnings $ 704     $ 0.74     $ 900     $ 0.93     $ 808     $ 0.81
                           
    GAAP earnings from operations $ 845         $ 991         $ 935      
    Non-GAAP adjustments:                      
    Restructuring and other charges   70           121           63      
    Acquisition and divestiture charges   6           12           27      
    Amortization of intangible assets   63           76           81      
    Non-GAAP earnings from operations  $ 984         $ 1,200         $ 1,106      
                           
    GAAP operating margin   6.3  %         7.1  %         7.1  %    
    Non-GAAP adjustments   1.0  %         1.4  %         1.3  %    
    Non-GAAP operating margin   7.3  %         8.5  %         8.4  %    

    (a)     Includes tax impact on non-GAAP adjustments.

    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED BALANCE SHEETS
    (Unaudited)
    (In millions)
     
      As of
      January 31, 2025   October 31, 2024
    ASSETS      
    Current assets:      
    Cash, cash equivalents and restricted cash $ 2,894     $ 3,253  
    Accounts receivable, net   4,188       5,117  
    Inventory   8,443       7,720  
    Other current assets   4,309       4,670  
    Total current assets   19,834       20,760  
    Property, plant and equipment, net   2,900       2,914  
    Goodwill   8,599       8,627  
    Other non-current assets   7,597       7,608  
    Total assets $ 38,930     $ 39,909  
           
    LIABILITIES AND STOCKHOLDERS’ DEFICIT      
    Current liabilities:      
    Notes payable and short-term borrowings $ 1,418     $ 1,406  
    Accounts payable   16,483       16,903  
    Other current liabilities   9,533       10,378  
    Total current liabilities   27,434       28,687  
    Long-term debt   8,273       8,263  
    Other non-current liabilities   4,295       4,282  
    Stockholders’ deficit   (1,072 )     (1,323 )
    Total liabilities and stockholders’ deficit $ 38,930     $ 39,909  
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (In millions)
     
      Three months ended
      January 31, 2025   January 31, 2024
    Cash flows from operating activities:      
    Net earnings $ 565     $ 622  
    Adjustments to reconcile net earnings to net cash provided by operating activities:      
    Depreciation and amortization   197       205  
    Stock-based compensation expense   192       177  
    Restructuring and other charges   70       63  
    Deferred taxes on earnings   (23 )     (5 )
    Other, net   35       (20 )
    Changes in operating assets and liabilities, net of acquisitions:      
    Accounts receivables   966       446  
    Inventory   (751 )     (47 )
    Accounts payable   (397 )     (744 )
    Net investment in lease related to integrated financing   2       (62 )
    Taxes on earnings   12       49  
    Restructuring and other   (74 )     (87 )
    Other assets and liabilities   (420 )     (476 )
    Net cash provided by operating activities   374       121  
    Cash flows from investing activities:      
    Investment in property, plant, equipment and purchased intangible   (302 )     (158 )
    Purchases of available-for-sale securities and other investments   (3 )     —  
    Maturities and sales of available-for-sale securities and other investments   5       —  
    Collateral posted for derivative instruments   —       (70 )
    Net cash used in investing activities   (300 )     (228 )
    Cash flows from financing activities:      
    Proceeds from short-term borrowings with original maturities less than 90 days, net   —       100  
    Proceeds from debt   82       92  
    Payment of debt and associated costs   (50 )     (49 )
    Stock-based award activities and others   (92 )     (76 )
    Repurchase of common stock   (100 )     (500 )
    Cash dividends paid   (273 )     (275 )
    Net cash used in financing activities   (433 )     (708 )
    Decrease in cash, cash equivalents and restricted cash   (359 )     (815 )
    Cash, cash equivalents and restricted cash at beginning of period   3,253       3,232  
    Cash, cash equivalents and restricted cash at end of period $ 2,894     $ 2,417  

      

    HP INC. AND SUBSIDIARIES
    SEGMENT/BUSINESS UNIT INFORMATION
    (Unaudited)
    (In millions)
     
      Three months ended   Change (%)
      January 31, 2025   October 31, 2024   January 31, 2024   Q/Q   Y/Y
    Net revenue:                  
    Commercial PS $ 6,645     $ 6,522     $ 6,045     2 %     10 %
    Consumer PS   2,579       3,069       2,764     (16)%     (7)%
    Personal Systems   9,224       9,591       8,809     (4)%     5 %
    Supplies   2,826       2,865       2,863     (1)%     (1)%
    Commercial Printing   1,144       1,262       1,227     (9)%     (7)%
    Consumer Printing   299       325       285     (8)%     5 %
    Printing   4,269       4,452       4,375     (4)%     (2)%
    Corporate Investments(a)   11       11       2     NM     NM
    Total segment net revenue   13,504       14,054       13,186     (4)%     2 %
    Other(a)   —       1       (1 )   NM     NM
         Total net revenue $ 13,504     $ 14,055     $ 13,185     (4)%     2 %
                       
    Earnings before taxes:                  
    Personal Systems $ 507     $ 550     $ 537          
    Printing   810       874       872          
    Corporate Investments   (27 )     (37 )     (37 )        
    Total segment earnings from operations   1,290       1,387       1,372          
    Corporate and unallocated cost and other   (114 )     (102 )     (89 )        
    Stock-based compensation expense   (192 )     (85 )     (177 )        
    Restructuring and other charges   (70 )     (121 )     (63 )        
    Acquisition and divestiture charges   (6 )     (12 )     (27 )        
    Amortization of intangible assets   (63 )     (76 )     (81 )        
    Interest and other, net   (141 )     (129 )     (142 )        
         Total earnings before taxes $ 704     $ 862     $ 793          

    (a)     “NM” represents not meaningful.

    HP INC. AND SUBSIDIARIES
    SEGMENT OPERATING MARGIN SUMMARY
    (Unaudited)
     
      Three months ended   Change (pts)
      January 31, 2025   October 31, 2024   January 31, 2024   Q/Q   Y/Y
    Segment operating margin:                  
    Personal Systems  5.5 %     5.7 %     6.1 %     (0.2)pts   (0.6)pts
    Printing  19.0%     19.6 %     19.9 %     (0.6)pts   (0.9)pts
    Corporate Investments(a) NM     NM     NM     NM   NM
    Total segment  9.6 %     9.9 %     10.4 %     (0.3)pts   (0.8)pts
                             

    (a)     “NM” represents not meaningful.

    HP INC. AND SUBSIDIARIES
    CALCULATION OF DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
     
      Three months ended
      January 31, 2025   October 31, 2024   January 31, 2024
    Numerator:          
    GAAP net earnings $ 565   $ 906   $ 622
    Non-GAAP net earnings $ 704   $ 900   $ 808
               
    Denominator:          
    Weighted-average shares used to compute basic net earnings per share   948     959     995
    Dilutive effect of employee stock plans(a)   9     12     7
    Weighted-average shares used to compute diluted net earnings per share   957     971     1,002
               
    GAAP diluted net earnings per share $ 0.59   $ 0.93   $ 0.62
    Non-GAAP diluted net earnings per share $ 0.74   $ 0.93   $ 0.81

    (a)     Includes any dilutive effect of restricted stock units, stock options and performance-based awards. 

    Use of non-GAAP financial measures

    To supplement HP’s consolidated condensed financial statements presented on a GAAP basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt). HP also provides forecasts of non-GAAP diluted net EPS and free cash flow.

    These non-GAAP financial measures are not computed in accordance with, or as an alternative to, GAAP in the United States. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables above or elsewhere in the materials accompanying this news release.

    Use and economic substance of non-GAAP financial measures
    Net revenue on a constant currency basis excludes the effect of foreign currency exchange fluctuations calculated by translating current period revenues using monthly exchange rates from the comparative period and excluding any hedging impact recognized in the current period. Non-GAAP operating margin is defined to exclude the effects of any amounts relating to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets. Non-GAAP net earnings and non-GAAP diluted net EPS consist of net earnings or diluted net EPS excluding those same charges, non-operating retirement related (credits)/charges, debt extinguishment costs (benefit), tax adjustments and the amount of additional taxes or tax benefits associated with each non-GAAP item.

    HP’s management uses these non-GAAP financial measures for purposes of evaluating HP’s historical and prospective financial performance, as well as HP’s performance relative to its competitors. HP’s management also uses these non-GAAP measures to further its own understanding of HP’s segment operating performance. HP believes that excluding the items mentioned above for these non-GAAP financial measures allows HP’s management to better understand HP’s consolidated financial performance in relation to the operating results of HP’s segments, as HP’s management does not believe that the excluded items are reflective of ongoing operating results. More specifically, HP’s management excludes each of those items mentioned above for the following reasons:

    • Restructuring and other charges are (i) costs associated with a formal restructuring plan and are primarily related to employee separation from service and early retirement costs and related benefits, costs of real estate consolidation and other non-labor charges; and (ii) other charges, which includes non-recurring costs including those as a result of information technology rationalization efforts and transformation program management and are distinct from ongoing operational costs. HP excludes these restructuring and other charges (and any reversals of charges recorded in prior periods) for purposes of calculating these non-GAAP measures because HP believes that these costs do not reflect expected future operating expenses and excluding such expenses for purposes of calculating these non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs cost related to its acquisitions and divestitures, which it would not have otherwise incurred as part of its operations. The charges are direct expenses such as third-party professional and legal fees, integration and divestiture-related costs, as well as non-cash adjustments to the fair value of certain acquired assets such as inventory and certain compensation charges related to cash settlement of restricted stock units and performance-based restricted stock units towards acquisitions. These charges related to acquisitions and divestitures are inconsistent in amount and frequency and are significantly impacted by the timing and nature of HP’s acquisitions or divestitures. HP believes that eliminating such expenses for purposes of calculating these non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs charges relating to the amortization of intangible assets. Those charges are included in HP’s GAAP earnings, operating margin, net earnings and diluted net EPS. Such charges are significantly impacted by the timing and magnitude of HP’s acquisitions and any related impairment charges. Consequently, HP excludes these charges for purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs debt extinguishment (benefit)/costs includes certain (gain)/loss related to repurchase of certain of its outstanding U.S. dollar global notes or termination of commitments under revolving credit facilities. These (gain)/loss resulting from debt redemption transactions are partially or more than offset by costs such as bond repurchase premiums, bank fees, unpaid accrued interests, etc. HP excludes these (benefit)/costs for the purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • Non-operating retirement-related (credits)/charges includes certain market-related factors such as interest cost, expected return on plan assets, amortized actuarial gains or losses, associated with HP’s defined benefit pension and post-retirement benefit plans. The market-driven retirement-related adjustments are primarily due to the changes in the value of pension plan assets and liabilities which are tied to financial market performance and HP considers these adjustments to be outside the operational performance of the business. Non-operating retirement-related (credits)/charges also include certain plan curtailments, settlements and special termination benefits related to HP’s defined benefit pension and post-retirement benefit plans. HP believes that eliminating such adjustments for purposes of calculating non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP recorded tax adjustments including tax expenses and benefits from internal reorganizations, realizability of certain deferred tax assets, various tax rate and regulatory changes, and tax settlements across various jurisdictions. HP excludes these adjustments for the purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.

    Free cash flow is a non-GAAP measure that is defined as cash flow provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant, equipment and purchased intangible. Gross cash is a non-GAAP measure that is defined as cash, cash equivalents and restricted cash plus short-term investments and certain long-term investments that may be liquidated within 90 days pursuant to the terms of existing put options or similar rights. HP’s management uses free cash flow and gross cash for the purpose of determining the amount of cash available for investment in HP’s businesses, repurchasing stock and other purposes. HP’s management also uses free cash flow and gross cash to evaluate HP’s historical and prospective liquidity. Because gross cash includes liquid assets that are not included in cash, cash equivalents and restricted cash, HP believes that gross cash provides a helpful assessment of HP’s liquidity. Because free cash flow includes net cash provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant, equipment and purchased intangible. HP believes that free cash flow provides a useful assessment of HP’s liquidity and capital resources. Net cash (debt) is defined as gross cash less gross debt after adjusting the effect of unamortized premium/discount on debt issuance, debt issuance costs and gains/losses on interest rate swaps.

    Key Growth Areas
    Key Growth Areas represent HP’s businesses which management expects to collectively grow at a rate faster than HP’s core business with accretive margins in the longer term. HP’s Key Growth Areas are comprised of:

    Hybrid Systems: Video conferencing solutions, cameras, headsets, voice, and related software capabilities

    Advanced Compute Solutions: Diverse portfolio encompassing high-performance computing, mobile and desktop workstations, retail workstations, retail solutions, and emerging technologies to address complex computational tasks, data-intensive applications, and evolving industry needs.

    AI PC: PCs, excluding Workstations, equipped with dedicated hardware components like Neural Processing Units (NPUs), are designed to facilitate and enhance the execution of AI and machine learning tasks.

    Workforce Solutions: Managed services (Managed Print Service and Device-as-a-Service), digital services and lifecycle services

    Consumer Subscriptions: Instant Ink services, other consumer subscriptions and consumer digital services

    Industrial Graphics: Large Format Industrial, Page Wide Press (PWP), Indigo and Page Wide Industrial packaging solutions and supplies

    3D & Personalization: Portfolio of additive manufacturing solutions and supplies including end-to-end solutions such as moulded fiber, footwear and orthotics

    Material limitations associated with use of non-GAAP financial measures
    These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of HP’s results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are:

    • Items such as amortization of intangible assets, though not directly affecting HP’s cash position, represent the loss in value of intangible assets over time. The expense associated with this change in value is not included in non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net EPS, and therefore does not reflect the full economic effect of the change in value of those intangible assets.
    • Items such as restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets are excluded from non-GAAP operating margin. In addition, non-operating retirement-related (credits)/charges, debt extinguishment costs (benefit) and tax adjustments are excluded from non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings and non-GAAP diluted net EPS. These items can have a material impact on the equivalent GAAP earnings measure and cash flows.
    • HP may not be able to immediately liquidate the short-term and certain long-term investments included in gross cash, which may limit the usefulness of gross cash as a liquidity measure.

    Other companies may calculate the non-GAAP financial measures differently than HP, limiting the usefulness of those measures for comparative purposes.

    Compensation for limitations associated with use of non-GAAP financial measures
    HP accounts for the limitations on its use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only supplementally. HP also provides reconciliations of each non-GAAP financial measure to its most directly comparable GAAP measure within this news release and in other written materials that include these non-GAAP financial measures, and HP encourages investors to review those reconciliations carefully.

    Usefulness of non-GAAP financial measures to investors
    HP believes that providing net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) to investors in addition to the related GAAP financial measures provides investors with greater insight to the information used by HP’s management in its financial and operational decision making and allows investors to see HP’s results “through the eyes” of management. HP further believes that providing this information better enables HP’s investors to understand HP’s operating performance and financial condition and to evaluate the efficacy of the methodology and information used by HP’s management to evaluate and measure such performance and financial condition. Disclosure of these non-GAAP financial measures also facilitates comparisons of HP’s operating performance with the performance of other companies in HP’s industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.

    The MIL Network –

    February 28, 2025
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