Category: Machine Learning

  • MIL-OSI Banking: Galaxy Tab S10 Ultra: Faster and More Intelligent Than Ever Before

    Source: Samsung

    Samsung Electronics unveiled the Galaxy Tab S10 Ultra on September 26.
    The Galaxy Tab S10 Ultra features a large screen equipped with Dynamic AMOLED 2X technology for an optimal AI experience. The Galaxy Tab S10 Ultra also boasts an impressive, improved chipset. Upgrades include an 18% increase in CPU, 28% increase in GPU and 14% increase in NPU performance compared to its predecessor, the Galaxy Tab S9 Ultra.
    The experience is further enhanced with Dialogue Boost — an AI-powered feature that amplifies voices over unwanted noise in videos — so that users can immerse themselves in what they’re viewing with ultra-clear audio.
    Samsung Newsroom explored how Dialogue Boost works and compared the benchmark test results of the Galaxy Tab S10 Ultra and the Galaxy Tab S9 Ultra in the videos below.

    MIL OSI Global Banks

  • MIL-OSI Economics: Galaxy Tab S10 Ultra: Faster and More Intelligent Than Ever Before

    Source: Samsung

    Samsung Electronics unveiled the Galaxy Tab S10 Ultra on September 26.
    The Galaxy Tab S10 Ultra features a large screen equipped with Dynamic AMOLED 2X technology for an optimal AI experience. The Galaxy Tab S10 Ultra also boasts an impressive, improved chipset. Upgrades include an 18% increase in CPU, 28% increase in GPU and 14% increase in NPU performance compared to its predecessor, the Galaxy Tab S9 Ultra.
    The experience is further enhanced with Dialogue Boost — an AI-powered feature that amplifies voices over unwanted noise in videos — so that users can immerse themselves in what they’re viewing with ultra-clear audio.
    Samsung Newsroom explored how Dialogue Boost works and compared the benchmark test results of the Galaxy Tab S10 Ultra and the Galaxy Tab S9 Ultra in the videos below.

    MIL OSI Economics

  • MIL-OSI: Bybit Card Expands Cashback Options to Include BTC and ETH

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 21, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the expanded cashback program for its signature Bybit Card. In addition to the current option to receive cashback in USDT, Bybit Card users may opt to receive BTC or ETH cashback for the first time, enabling holders to increase BTC or ETH holdings and potentially capture market upside when prices go up.

    The limited-time offer is an innovative Bybit Card feature to introduce more rewards options into the mix, rotating different tokens with each campaign. From now until the rewards pool is fully unlocked, users who are bullish on BTC or ETH can potentially boost their holdings through everyday spendings with their Bybit Card. 

    Receiving cashback in these two dominant cryptocurrencies takes just three steps: 

    1. Signing up for the Bybit Card (if available in the user’s region)
    2. Loging in and selecting BTC or ETH as the preferred cashback option via the Cash Rewards page
    3. Spending with the Bybit Card for daily purchases and reveiving up to 10% cashback

    Tailored to the diverse needs of the crypto community, the Bybit Card is positioned to provide flexibility with both crypto cashback or stablecoin (USDT) cashback. This allows users to align their rewards strategy with their financial goals:

    • BTC or ETH cashback goes to the user’s crypto portfolios with every swipe, capturing potential market gains for crypto optimists and fans of the classic pair. 
    • USDT cashback offers more predictable rewards, providing a potential option for users who prioritize stability over market exposure

    “Bybit’s vision for an integrated financial future centers on delivering convenience, meeting real-world consumer needs, and providing seamless access to crypto assets,” said Joan Han, Sales and Marketing Director at Bybit. “With our expanded cashback options, users can now grow their BTC and ETH holdings through everyday spending. We believe the new feature is a value-add for our users, transforming the Bybit Card from a simple payment tool into a gateway for users to participate in the market’s potential upside.”

    The Bybit Card empowers users to offramp their crypto in daily spendings. Featuring instant access to over 90 million Mastercard merchants worldwide and Bybit’s support for a wide array of tokens, the card also offers a generous tiered cashback program, with rewards ranging from 2% to 10%.

    The feature is available for eligible Bybit Card users in applicable regions only. Terms and conditions apply: Bybit Card – BTC/ETH Crypto CashBack

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, please visit Bybit Press

    For media inquiries, please contact: media@bybit.com

    For more information, please visit: https://www.bybit.com

    For updates, please follow: Bybit’s Communities and Social Media

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    Contact

    Head of PR
    Tony Au
    tony.au@bybit.com

    The MIL Network

  • MIL-OSI United Nations: Secretary-General’s Joint Press Conference with Moussa Faki, Chairperson of the African Union Commission

    Source: United Nations MIL-OSI 2

    erci, Mesdames et Messieurs,

    Vous allez me permettre avant de faire aussi quelques commentaires sur nos travaux aujourd’hui, que je puisse lire un petit texte que j’ai écrit moi-même, avec mon cœur. Je voudrais dire quelques mots à l’encontre de mon cher collègue et ami, Moussa Faki.

    Cher Moussa, depuis le début de nos mandats respectifs en 2017, nous avons parcouru un long chemin ensemble.

    Votre vision d’une Afrique intégrée, prospère et pacifique a toujours été en harmonie avec nos objectifs pour un monde plus juste, durable et digne.

    Votre leadership éclairé, votre capacité à rassembler et votre engagement infatigable pour le multilatéralisme représentent une source d’inspiration pour tous.

    Et votre sens du dialogue et grande expertise des enjeux globaux ont permis de faire entendre la voix de l’Afrique sur la scène internationale avec force et clarté.

    Vous avez toujours été un fervent défenseur de la coopération entre l’Union africaine et les Nations Unies. Grâce à nos efforts conjoints, nous avons renforcé nos liens institutionnels, aligné nos stratégies et multiplié nos actions communes sur le terrain.

    Que ce soit dans la prévention et la résolution des conflits, la lutte contre le changement climatique ou la promotion du développement durable – et dans des contextes toujours difficiles – votre contribution a été inestimable.

    Cher ami, je tiens à vous exprimer ma profonde gratitude pour votre dévouement et votre humanité. Votre héritage perdurera bien au-delà de votre mandat, car vous avez posé les fondations d’un partenariat Union africaine-Nations Unies plus fort et plus efficace.

    Vous incarnez l’esprit même de coopération et de solidarité internationale, et c’est avec une grande amitié que je vous adresse mes remerciements les plus chaleureux.

    I am particularly happy about our session today. We have, as Chairperson Faki expressed, we have looked into our cooperation developed during these years, and how it became more than the signature of common positions, ad hoc common actions. This cooperation became an institutionalized cooperation in which all key areas of our common intervention, peace and security, sustainable development and human rights. We have common programmes, common strategies, and we work together very effectively in the perspective that unites us, and the perspective that unites us is of an African continent that is able to provide with citizens all the rights that they should enjoy.  And in the context of a world able to overcome the terrible divisions that we are facing today.

    And I have to say that I came from the Summit of the Future with the conscience that there are now conditions for the international community to start providing justice to the African people.

    First of all, in relation to the questions of peace and security, there is now a consensus from Member States that the Security Council must be reformed, and there is now a consensus of all Member States that the key aspect of that reform is to have two African members as permanent members of the Security Council.

    On the other hand, many decisions were taken in relation to the capacity to deepen our cooperation with the African Union in areas like prevention, mediation, peace building, and the capacity to act together to address the multiple conflicts that today the African continent, as the whole world, unfortunately, are dealing with.

    Then for the first time, there was the recognition that we live in an economic system and a financial system that is outdated, that is ineffective, and that is unfair.

    And it is especially ineffective and unfair because of the African continent.

    Africa faces enormous obstacles to its development.

    First of all, they are deeply rooted in the past, deeply rooted in the colonial legacy. And I can speak totally at ease, because I come from a colonial structure.

    African countries gained independence with their economies and to a certain extent, their society is distorted by the interests of the colonial powers that organize their economies to the benefits of the colonists.  

    And then the African continent has had to face an enormous number of challenges. Just recently, COVID-19, the dramatic impacts in prices and the interest rates that were enhanced by the war in Ukraine, and the extremely difficult present situation in which many countries are drowning in debt and many countries do not have access to the resources, namely, to concessional finance in order to not only be able to reduce their debts, but to be able to provide to their citizens those essential actions that are necessary for their lives to be engaged.

    And we managed finally to have, in the Summit of the Future, the affirmation that the international financial architecture must be corrected and must be corrected to give more voice and more power to Developing Countries in general, of course, African countries in particular, and to mobilize much more resources for the SDGs, to reduce, adapt and to create conditions for sustainable development and for climate action in mitigation and adaptation to the benefit of developing countries. And I hope that now it will be possible to implement those measures, because they are essential for justice in relation to the African continent.

    And then we just decided to create the common working group with the Economic Commission for Africa and the African Union Commission to do serious research, to allow to contribute to the creation of an African strategy to bridge the digital divide and the Artificial Intelligence divide, and to overcome all the enormous structural difficulties and impediments that exist today, and to be able to claim the resources that will be necessary for it to be possible, and for the digital world and the Artificial Intelligence not to be another factor of inequality, but to be a factor to allow to catch up and for the African continent to move, as it has done in the past, more fast in development, to be able to provide the best conditions for their citizens.

    And we are totally committed to have a strong African presence in the political dialogue that will now meet annually at United Nations on artificial intelligence, and on the international scientific panel that will follow in [developing] the state of the art of artificial intelligence.

    We want the African continent – that is a young continent – and in relation to scientists that are young scientists – to be able to be in the first line and not to be left behind because of the construct of injustices that still today exists. 

    In these circumstances, I’m sure that cooperation between the [African Union] and the United Nations, these cooperations were led by Moussa Faki – that that cooperation will remain in the future, as strong, as dynamic and as committed to our being of those that justify our action, the people of Africa and the people of the world.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Candidates for Lochaber By-Election Confirmed

    Source: Scotland – Highland Council

    Issued on behalf of The Returning Officer

    Following today’s deadline for nominations, The Highland Council can confirm the details of the six candidates that are standing in the Ward 21 Fort William and Ardnamurchan By-election.

    The candidates are as follows:

    • BAXTER, Andrew Phillip – Scottish Liberal Democrats
    • BEHNER-COADY, Marit – Scottish Greens
    • CARSTAIRS, Susan – Scottish Labour Party
    • FAWCETT, Fiona – Scottish Conservative and Unionist
    • LUMB, Nathan – Scottish Libertarian Party
    • MACHIN, Rebecca – Scottish National Party (SNP) 

    Notice of Poll and Statement of Persons nominated 

    Voting will take place on Thursday 21 November 2024 with the electronic count to be held the following day in Fort William.

    Ward 21 is a 4-member ward. The successful candidate will join fellow ward members Councillors Sarah Fanet, Thomas MacLennan and Kate Willis.

    Anyone over 16 years old who is living in the Ward is eligible to take part in this by-election if they are registered to vote. To register to vote visit this website or alternatively call the Electoral Registration Office on 0800 393783 for assistance.  The last date to register to vote in this by-election is midnight on Tuesday 5 November 2024.

    Voters will be able to cast their vote in person on the day by visiting their polling station or they can apply for either a postal vote or appoint a proxy which is requesting someone to vote on their behalf. Photographic ID is not required for people voting at polling stations for this election as it only applies to UK Parliamentary elections.

    The latest time to apply for a postal vote is 5pm on Wednesday 6 November 2024 and the deadline for anyone wishing to appoint a proxy is 5pm on Wednesday 13 November 2024.

    Advice on postal and proxy voting is available by contacting the Electoral Registration Office on 0800 393783 or emailing ero@highland.gov.uk

    21 Oct 2024

    MIL OSI United Kingdom

  • MIL-OSI China: Singles Day shopping off to a good start

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

    The extended Singles Day shopping festival this year saw booming sales during its grand opening on Monday evening, with high-quality and intelligent electronic products and livestreaming sessions gaining popularity among Chinese consumers.

    As China’s biggest online shopping event, the 11-11 or Double Eleven promotional campaign is expected to play a vital role in further stimulating the purchasing appetite of consumers, bolstering the recovery of consumption and shoring up economic growth, experts said.

    Data from Tmall, Chinese tech heavyweight Alibaba Group’s business-to-customer platform, showed that in the first four hours after the shopping carnival kicked off at 8 pm, 174 brands saw their sales surpass 100 million yuan ($14 million).In addition, the turnover of more than 12,000 brands surged over 100 percent year-on-year and the sales of nearly 6,000 brands skyrocketed more than 500 percent compared with the same period last year.

    The transaction volume of Apple’s products on Tmall exceeded 1 billion yuan within five minutes, while sales of domestic smartphone brands such as Huawei, Xiaomi and Vivo all surpassed 100 million yuan in the first four hours of the promotional event, according to Tmall.

    Consumers preferred snapping up bargains via livestreaming on e-commerce platforms, with sales from some top-tier livestreamers on Taobao Live, Alibaba’s livestreaming arm, surpassing 100 million yuan within a short period of time.

    JD, another major Chinese e-commerce player, has intensified efforts to offer big discounts and lower-priced products, giving subsidies for commodities included in the consumer goods trade-in program, such as home appliances and computers. It has also stepped up efforts to upgrade supply chain systems and logistics services.

    Furthermore, a series of products that represent scientific and technological innovations achieved by Chinese enterprises have been made available on the e-commerce platform Taobao. These products cover fields such as information technology, artificial intelligence, aerospace, new energy and quantum technology.

    For example, consumers can directly purchase the country’s independently developed AS700 civil manned airship and enjoy discounts. The airship can be used for sightseeing, emergency rescue and aviation geophysical exploration, among other things.

    Wang Yun, a researcher at the Chinese Academy of Macroeconomic Research, said, “Consumption has become the main driving force behind China’s economic growth, and the Singles Day shopping carnival plays a pivotal role in unleashing consumers’ purchasing potential, bolstering domestic demand and promoting consumption recovery.”

    MIL OSI China News

  • MIL-OSI Australia: Regional Australia Institute Regions Rising summit

    Source: Australian Ministers 1

    **CHECK AGAINST DELIVERY**

    Thank you, Liz for the kind introduction, as well as for your tireless work advocating for our wonderful regions.

    As always, I begin by acknowledging the Aboriginal People as the custodians of this lands on which me gather. We acknowledge and pay our respects to all Tasmanian Aboriginal Communities. Being here in Launceston – with your beautiful rivers, forests, hills and gorges, it is easy to imagine how Indigenous Tasmanians cared for and protected these lands for countless generations. 

    I extend those same respects to all First Nations people joining us today.

    Thank you to the Regional Australia Institute for inviting me to this event.

    It is wonderful to be with you and to see so many mayors, councillors, friends and colleagues in the audience now and throughout the course of the day, including: 

    • The Hon Jeremy Rockliff, Premier of Tasmania,
    • Bridget Archer MP, Member for Bass,
    • Senator Colbeck, and;
    • Mayor Matthew Garwood from the City of Launceston – it is a delight to be in your city.

    Fostering robust regional economies is incredibly important and I know this is a goal the everybody here pursues with passion and determination. 

    The Institute was established under a Labor government back in 2011. When we returned to Government in 2022, we committed additional funding to support the Institute’s independent, fact-driven, future-focused work.

    It’s been a pleasure to watch the Institute grow its reach across regional Australia, sharing ideas with communities near and far.

    Regional communities across Australia are coming up with innovative plans and strategies every single day, and this roving series has an important role to play in sharing those successes as broadly as possible. 

    Fittingly, we are meeting in a place that is full of success stories. 

    Launceston is a regional city that is home to some of the best examples of regional urban development in the nation.

    Across the river, we have the Launceston City Heart project, which has transformed central Launceston into one of Australia’s premier public spaces, turning the centre of this city into a vibrant retail, cultural and business precinct.

    Then, just outside these doors we have the UTAS Inveresk Campus – one of Launceston’s biggest ever infrastructure projects.

    Last year, I was here with the Premier and the Mayor to open the River’s Edge building. It is an architectural masterpiece that isn’t only creating jobs now, but that will attract and educate generations of students right here in Launceston, as well as creating immeasurable benefits to the confidence and growth of this city for decades to come.

    And my colleague, Jason Clare, opened The Shed – the last of the three major new buildings to be opened as part of this project and a fantastic example of how to reduce embodied carbon in infrastructure. It’s well worth a look at if you get the opportunity. 

    And, of course, just a drop punt away we have York Park – the soon to be northern home of the Tasmania Football Club.

    With $130m of new matchday facility, entertainment and seating upgrades on the way, football fans not only across Tasmania, but across the nation, can begin to get excited about the prospect of coming right here to Launceston to watch their favourite team in action.

    Speaking as a Victorian, it’s hard to think of any more attractive weekend getaways than coming to Launceston to watch your team play.

    These projects are transforming this region, driving innovation, growth and a powerful sense of community spirit.

    Of course, they also have one important thing in common – each of those projects is a partnership between different levels of government, with businesses, with sporting groups, with the university and with the broader community.

    They are also all projects that are targeted at one specific community, responding to the needs on the ground here.

    These projects are what Launceston needs and wants for a successful future, but not every community in the country has those same requirements.

    We know that the priorities here in Launceston will differ from those in Leeton or Longreach. 

    That is why our Regional Investment Framework recognises that a one-size-fits-all approach to regional development doesn’t cut it.

    This framework provides a consistent, coordinated investment approach across Government, responsive to the unique strengths and challenges of our diverse regions.

    It places regions and their people at the centre of decision-making by:

    • valuing local voices and local priorities;
    • taking an evidence-based approach to investment;
    • and coordinating across all levels of government.

    While we can see the success of that approach writ large right here in Launceston, it is an approach we are duplicating across the country as we invest in the social and community infrastructure that makes our regional communities such wonderful places to live.

    For the first time, our government has grants programs targeted at every community in Australia – from rural to the inner cities, and the peri-urban areas in between.

    In regional Australia, our Growing Regions Program is providing funding of between $500,000 to $15 million to local governments and not-for-profits for eligible capital works projects.

    Forty projects in the first round of funding for this program has been announced which included a $11 million commitment to the City Mission Launceston Community Precinct development which will provide an integrated housing space, healthcare and community services hub. 

    Round 2 has recently closed, which makes $394 million available for further important community and economic projects that will enhance the liveability of our regions. 

    And our $400 million Regional Precincts and Partnerships Program is looking to fund transformative investments in regional, rural and remote Australia based on the aims of unifying regional places, growing their economies and serving their communities. 

    The projects to be funded – in Broome, Colac, Swan Hill, Noosa and other locations around Australia have already been announced, transforming those communities in the same way that Launceston has been changed by the City Heart project.

    But, we also know that the growth that successful regional development can bring carries with it its own challenge, none larger than what we are seeing in housing right now in every corner of the country.

    My colleague Housing Minister Clare O’Neil is leading on a range of critical policy approaches there – including the $2 billion Social Housing Accelerator, the $10 billion Housing Australia Future Fund and the National Housing Accord.

    In my portfolio space, I am working on two important levers – enabling infrastructure and planning reform.

    Through the Housing Support Program and its Priority Works Stream, we are partnering with state, territory and local governments to ensure local roads, utility connections and community infrastructure are developed alongside new housing.

    We have nearly $1.5 billion on the table through that program to unplug blockages in the housing pipeline.

    At the same time, we are undertaking planning reforms to enable new housing developments.

    To help the process along, the Australian Government has funded the planning stream of the Housing Support Program, which provides $50 million for state, territory and local government to try new planning approaches. 

    This means getting more people into the industry, getting planning settings right and accommodating new housing targets in existing plans. 

    What it means is taking more pressure off families and communities, and building more housing that they can afford.

    Projects like this are essential to ensuring the liveability and sustainability of our regional towns and cities. They keep people living here and they attract new residents.

    But the sustainability of regions is much broader than our built infrastructure – and the is where the “Circular Economy in Action – Regional Perspectives” report that we are launching today comes in.

    This research, which was funded through the Intergovernmental Shared Inquiry Program, demonstrates how communities are employing approaches tailored to their regions.

    And just like it does in the space of regional development, the City of Launceston serves as a good example of this in action with its updated procurement policy focusing on material sourcing, manufacturing, packaging to check if products can be repaired, re-purposed or re-used.

    Now, the local industry is harnessing opportunities to re-use waste materials like glass, rubber and demolition waste including concrete, metal and bricks.

    These examples show how shifting to sustainable practices can benefit both the economy and the environment, making communities stronger and more resilient.

    Collaboration is central to implementing circular initiatives. Grassroots circular economy initiatives, such as community repair workshops and second-hand markets, offer cost-effective alternatives to new purchases.

    The Australian Government is fostering a circular economy where we waste less and reuse more.

    We’ve already embedded circularity across many flagship programs including the $15 billion National Reconstruction Fund and $7 billion Northern Australia Infrastructure Facility.  

    To provide advice on the opportunities and barriers in this area, we established the Circular Economy Ministerial Advisory Group, which will deliver its final advice at the end of the year.

    And we are developing a new National Circular Economy Framework, which will set the pace and direction for Australia’s transition. 

    It will include targets, priority supply chains, and describe what needs to happen across the economy to catalyse our transition. 

    We want to properly understand how to leverage our competitive advantages to set up our regions for success.  

    The circular economy isn’t only good for the environment, it is good for our economy.

    By re-using and repairing more of what we own, we can create opportunities through the supply chain for regional businesses and workers, creating a more vibrant region and community for us all to enjoy.

    Thank you very much for your time today, as well as to all of you who worked so hard on this important report.

    MIL OSI News

  • MIL-OSI China: Huawei releases HarmonyOS NEXT operating system

    Source: China State Council Information Office

    Yu Chengdong, Huawei’s executive director, speaks at the launch event of HarmonyOS NEXT in Shenzhen, south China’s Guangdong Province, Oct. 22, 2024. [Photo/Xinhua]

    Chinese tech giant Huawei on Tuesday released HarmonyOS NEXT, its self-developed operating system built independent of Android architecture.

    The launch event in Shenzhen, where the company is based, marks another milestone for Huawei since Washington put it on the “Entity List” in 2019, barring it from doing business with U.S. firms including Google, which provides Android.

    HarmonyOS NEXT is the fifth iteration of HarmonyOS. HarmonyOS has been installed on over 1 billion devices, said Yu Chengdong, Huawei’s executive director, at the event.

    Yu said that HarmonyOS NEXT is truly independent from Android and Apple’s iOS, with its own operating kernel, programming language, AI framework and other features that were developed without using the Linux kernel or Android open-source code.

    “HarmonyOS NEXT provides a new option and market space for the development of related industries around the world,” he said, hailing it as an open, secure and efficient operating system.

    Over the past year, Huawei worked with more than 10,000 domestic partners to develop HarmonyOS NEXT apps, helping build an innovative IT industrial chain, Yu said.

    As an open-source operating system, HarmonyOS was first launched in August 2019 and has replaced iOS to become the second-largest mobile operating system on the Chinese market.

    More than 15,000 applications and meta-services are available for use on HarmonyOS, according to Yu.

    Industry insiders say a major advantage of HarmonyOS is its coordination of various platforms, including smartphones, cars and other intelligent devices.

    MIL OSI China News

  • MIL-OSI China: Central SOEs invest 1.4 trillion yuan in emerging industries

    Source: China State Council Information Office 3

    The investment of China’s centrally administrated state-owned enterprises (SOEs) in strategic emerging industries reached 1.4 trillion yuan (about 196.6 billion U.S. dollars) in the first three quarters of the year, official data showed Tuesday.

    The investment during the period jumped 17.6 percent year on year, accounting for nearly 40 percent of the central SOEs’ total investment, data from the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council showed.

    The SASAC said it has guided the central SOEs to develop strategic emerging industries and launched actions to promote industrial upgrading and boost future industries, achieving positive results.

    The central SOEs have made a series of important achievements in key areas such as new-generation information technology, artificial intelligence and new-energy vehicles, it added.

    Data from the SASAC also showed that the operating revenue of the central SOEs in strategic emerging industries in 2023 has exceeded 10 trillion yuan for the first time.

    MIL OSI China News

  • MIL-OSI: Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market

    Source: GlobeNewswire (MIL-OSI)

    HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics’ largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a significant piece of the rapidly growing $24B market across consumer, automotive, enterprise, and industrial applications.

    “Our investment in Taiwan reflects our confidence in the region as a vital and strategic location for growth,” said Michael Hurlston, President and CEO of Synaptics. “Taiwan plays an increasingly pivotal role in the electronics supply chain and has nurtured a strong talent pool to draw upon to ensure our customers and partners are successful.”

    The Hsinchu and Taipei offices will be a hub for Synaptics’ finance and sales central services, operations engineering and supplier management, wireless product development and support, as well as core PC touch and fingerprint sensor solutions.

    About Synaptics Incorporated
    Synaptics (Nasdaq: SYNA) is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As the go-to partner for the world’s most forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, X, and Facebook, or visit http://www.synaptics.com.  

    Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

    Media Contact
    Synaptics Incorporated
    Patrick Mannion
    Director of External PR and Technical Communications
    +1 631-678-1015
    patrick.mannion@synaptics.com

    The MIL Network

  • MIL-OSI China: Ancient, modern elements in harmony for new generation

    Source: China State Council Information Office 3

    In a sleek recording studio, young Chinese musicians are gathered around their instruments. Clad in traditional hanfu — flowing robes with wide sleeves and intricate headpieces — they are preparing to create music, but there’s a twist.

    These musicians are not playing electric guitars or synthesizers, despite their rock-star aura and sunglasses. Instead, their hands grasp ancient Chinese instruments, including the erhu (a two-stringed fiddle), guzheng (a Chinese zither), suona (a piercing double-reed woodwind) and the zhongruan (a lute).

    The studio pulses with energy as they prepare to reimagine a popular song from the 1990s and transform it into a piece that bridges ancient and modern worlds.

    Their rendition, aptly titled Disco Dancing Version of Your Shining Knight, revives Hong Kong singer-actor Hacken Lee’s 1991 Cantonese hit, which resurfaced in popular culture after being featured in the 2018 Chinese comedy Hello Mr Billionaire.

    The original version of Your Shining Knight revisited the glitter-ball days of disco. But this new take combines disco beats with the sound of something far older — ancient Chinese melodies.

    The musicians pluck their strings and beat their drums, and perform in sync with AI-generated characters based on historical Chinese relics, such as a figurine of a dancer, and a musician from the Eastern Han Dynasty (25-220).

    The resulting music video released to celebrate the Mid-Autumn Festival on Sept 17, captured the imagination of the public, amassing over 15 million views across social media platforms.

    The use of ancient Chinese instruments to perform a pop song struck a chord, not only for its catchy beat but for how it masterfully intertwined the old and the modern.

    Crazy Folk music

    These musicians are part of a larger movement sweeping China that celebrates the rising popularity of guofeng music — a Chinese style that uses elements from traditional culture.

    As part of a video series called Crazy Folk, participating artists have released over 300 music videos since October 2020, featuring more than 200 Chinese musicians who give fresh life to pop songs through the distinctive sound of traditional Chinese instruments.

    Among popular covers are songs like Jay Chou’s Dao Xiang (Fragrant Rice), Liu Shuang’s Mohe Ballroom, and Japanese singer Yuu Takahashi’s The Wind Rises, making the old music instruments more relatable to younger audiences.

    These videos have traveled beyond Chinese music fans to reach international audiences via YouTube and other media platforms. With performances filmed against the stunning backdrops of cities such as Changsha, Hunan province, Luoyang, Henan province and Xiamen, Fujian province, the Crazy Folk series not only showcases China’s rich musical traditions, but also highlights the breathtaking beauty of the country’s landscapes and historic sites.

    “These videos still give me goose bumps!” a viewer from Nepal, Banaz Gurung, commented on YouTube, reflecting the emotional impact of this innovative project.

    Behind Crazy Folk is a talented group of young musicians in their late 20s and early 30s, all classically trained at prestigious music conservatories.

    Li Haoyan, one of the project’s core team members, said the appeal of traditional Chinese music lies not only in its distinctive sound, but also in the aesthetic beauty of the instruments themselves.

    “Traditional Chinese music is incredibly expressive,” said Li. “The instruments evoke powerful emotions, and visually, they are captivating to modern audiences.”

    Young people in China are increasingly drawn to their cultural heritage, seeking to reconnect with traditional values in a world being rapidly shaped by globalization, she added.

    Connecting with heritage

    The team’s mission is not just to preserve these ancient sounds but to breathe new life into them through technology. By using artificial intelligence and storytelling, they are creating new ways to present traditional music and incorporating history, museum artifacts, and cultural relics into their performances.

    For Xue Yiying, a 26-year-old erhu player from Chengdu, Sichuan province, performing traditional music in a modern context feels both nostalgic and fresh. “I grew up playing the erhu, learning the instrument from my grandmother, who was passionate about traditional Chinese music,” Xue recalled.

    The erhu, often described as China’s answer to the violin, is known for its hauntingly beautiful tone and is capable of expressing a wide range of emotions.

    “I used to play it in the typical, softer style,” Xue said, “but Crazy Folk opened my eyes to a whole new way of performing. We’re taking songs that people already love and giving them a new twist.”

    Xue explained how playing a well-known pop song on an ancient instrument like the guqin or pipa injects new life into the piece. “It’s like rediscovering something familiar in a completely new way,” she said.

    “These instruments are timeless. Our goal isn’t just to preserve tradition but to show how these instruments, some over 1,000 years old, can still move and inspire audiences today — especially younger generations who may never have paid attention to them before.”

    This growing interest among China’s youth is part of a broader cultural movement. Many young Chinese are consciously reconnecting with their heritage, seeing traditional music as a way to explore their identity in an era of rapid change.

    Central to this resurgence is the guofeng (national style) movement, which celebrates Chinese aesthetics in fashion, music, and art. The rise of guofeng music, in particular, is a testament to the blending of ancient melodies with modern production techniques, combining classical poetry, traditional instruments, and contemporary themes. This fusion has fostered a greater appreciation for traditional Chinese art forms, especially among younger audiences.

    Social media platforms like Douyin and Bilibili have played a pivotal role in the movement’s expansion. Viral videos of traditional Chinese instruments, modern pop covers, and collaborations between classical and contemporary artists have brought these ancient sounds to the forefront. This digital exposure has made traditional music more accessible, and more importantly, relevant to today’s youth.

    Veteran virtuoso

    One of the most popular folk musicians among young users of Bilibili is the gray-haired pipa player Fang Jinlong.

    Aged in his early 60s, Fang became a viral star after he gave a 12-minute performance at the New Year’s Eve concert on Dec 31,2019, which was livestreamed. The performance, Rhythm World, featured Fang performing with a 100-member orchestra. He played an array of traditional musical instruments from China, India, Italy, and Japan, and even performed a solo by tapping on his own face. To appeal to young fans, he incorporated elements from Chinese martial arts culture, American folk music and Japanese anime.

    Since that performance, Fang has been sharing videos showcasing the versatility of ancient Chinese musical instruments by working with players of various styles, from classical musicians to rock stars.

    “Never doubt the charm of traditional Chinese music. All you need to do is to watch and listen,” said Fang, who has great confidence in the appeal of these old instruments.

    “Though the instruments are very old, they can be fun and contemporary. What I need to do is to experiment and let the music reach the young people.”

    Other art forms based in tradition, such as classic Chinese dance and hanfu, are also rising in popularity with young people.

    “This interest is partly driven by a desire to reconnect with traditional values and aesthetics in a rapidly modernizing and globalized world. For them, traditional Chinese music, with its deep historical roots, symbolizes a rich cultural legacy that offers a sense of identity and belonging,” Fang said.

    Another rising star in the guofeng movement is Little Green Onion, a group of musicians led by songwriter Zhou Mingcong.

    With their hybrid of pop and traditional music, they have captivated audiences with songs like Bi Shang Guan, or Reflections on the Walls, which has been viewed over 100 million times since its release in 2019.Inspired by the Mogao Caves mural paintings in Dunhuang, Gansu province, Zhou’s music evokes memories of China’s distant past while remaining contemporary.

    This year, the song was adapted and re-performed on social media platforms over 300,000 times, making it a hit again. Veteran vocalist Gong Linna also did a version of the song.

    Cultural DNA

    Zhou, who studied at the National Academy of Chinese Theatre Arts, describes his work as a blend of pop and Peking Opera. His first release, Kuang Lang Sheng, explored themes of loneliness and dreams through the lens of traditional Chinese opera and delighted listeners across China.

    “Chinese music and operas have a unique charm,” said Zhou. “It’s like cultural DNA in our blood. The moment we hear traditional music, we understand it on a deep, emotional level. It connects us to something ancient yet profoundly present.”

    Zhou pointed out that guofeng’s influence is not just confined to music. The style is increasingly appearing in video games, notably Black Myth: Wukong, a hit action game based on the classic Chinese novel Journey to the West.

    The game’s soundtrack blends traditional Chinese instruments with modern orchestral music, creating a cinematic experience that resonates with fans of both ancient culture and modern gaming.

    The ability to blend old and new is what makes guofeng music so relevant today, Zhou said. In a world where cultural pride is rising alongside technological advances, traditional Chinese music has found its place once again. This renaissance is not about nostalgia, but about evolution — taking the best of the past and fusing it with the possibilities of the future, he added.

    MIL OSI China News

  • MIL-OSI Asia-Pac: LCQ18: Promoting digital policies to enhance service quality

    Source: Hong Kong Government special administrative region

    LCQ18: Promoting digital policies to enhance service quality
    LCQ18: Promoting digital policies to enhance service quality
    ************************************************************

         Following is a question by the Hon Sunny Tan and a written reply by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, in the Legislative Council today (October 23): Question:      In July this year, the Efficiency Office (EffO) and the Office of the Government Chief Information Officer merged to become the Digital Policy Office (DPO). Through the promotion of data-driven, people-centric and outcome-based digital policies, DPO enhances the efficiency and service quality of the Government to deliver better services to the citizens and the business sectors. In this connection, will the Government inform this Council: (1) given that the provision of consultancy services to bureaux and departments for business process re-engineering, organisation restructuring, performance measurement, knowledge management and change management is one of EffO’s key non-digital policy areas of work, of the arrangements for such work following the establishment of DPO; (2) whether it will consider having dedicated higher-level leadership to spearhead a sound top-level design, encompassing business process re-engineering, organisation restructuring and performance measurement, etc., so as to bring convenience and benefits to the people on a par with the Mainland’s “one-stop handling” inter-‍departmental approach, thereby more effectively enhancing the efficiency and service performance of Hong Kong’s public administration in dealing with members of the public and enterprises; if so, of the details; if not, the reasons for that; and (3) whether it has plans to make better use of survey reports and recommendations from relevant departments (e.g. by linking them with relevant information from the Chief Executive’s Policy Unit) to assist in the proper conduct of internal studies to examine policy issues; if so, of the details; if not, the reasons for that? Reply: President,      Our consolidated reply to the three-part question is as follows:      The Digital Policy Office (DPO) established in July this year is a top-level design announced by the Chief Executive in the 2023 Policy Address. By merging the Office of the Government Chief Information Officer (OGCIO) and the Efficiency Office (EffO), the DPO is tasked to formulate policies and measures related to digital government, data governance and information technology, and accelerate the development of digital government through a top-down approach, thereby improving governance and efficacy of the administration.      Following the re-organisation, the DPO consolidates the expertise and experience of the OGCIO and the EffO to provide comprehensive advice and consultancy services to various policy bureaux and departments (B/Ds) in areas such as design thinking, digital technology application, and innovation and technology project management, with a view to accelerating the development of digital government. As such, the non-digital technology related work of the former EffO, including business process re-engineering, organisation re-structuring, performance measurement, knowledge management and change management, can be further strengthened through the DPO’s digital policies and digital technology solutions.      Specifically, one of the priority tasks of the DPO is to integrate the digital technologies and services of the OGCIO and the professional knowledge and talents of the EffO in promoting business efficiency, so as to steer various B/Ds in leveraging advanced technologies (including big data analytics, artificial intelligence, geospatial analysis, data dashboards, etc.) to improve decision-making and strategic planning; and to continuously enhance the government’s central data platforms and services (including Government Cloud Infrastructure Services, Big Data Analytics Platform, Shared Blockchain Platform, “iAM Smart”, Consented Data Exchange Gateway (CDEG)) to support various B/Ds in developing and implementing more data-driven, people-centric, outcome-based and efficient e-government services that bring convenience and benefit to the public and businesses. These include:(1) To drive B/Ds to achieve service integration through “iAM Smart” to optimise user experience, with a view to achieving full adoption of “iAM Smart” by all e-government services by the end of 2025 to achieve “single portal for e-government services”; (2) To promote the use of the CDEG by various B/Ds to facilitate data exchange between B/Ds, enabling citizens to authorise government departments to use personal information stored in other departments, thereby obviating the need for repetitive submission of the same information and enhancing efficiency of government services; (3) To develop the Digital Corporate Identity Platform to facilitate corporations in Hong Kong to undergo corporate identity authentication and corporate signature verification processes when they use e-government services or conduct online business transactions in a secure, convenient and efficient manner, hence simplifying the complicated procedures and accelerating their digital transformation; and (4) To continue promoting the open data policy and formulate data governance standards to facilitate the collection, analysis, sharing and application of data, and to compile departmental data catalogues to promote the opening up and sharing of data among B/Ds.      The DPO will continue to play its top-level role in collaborating and co-ordinating with relevant B/Ds and rendering advice on service improvement of departments; promoting data-driven, people-centric and outcome-based digital government services within the government; and accelerating the development of digital government, thereby enhancing government efficiency and service quality and bringing more benefits to citizens and the business sectors.

     
    Ends/Wednesday, October 23, 2024Issued at HKT 12:30

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: ARIA Workshop

    Source: US Government research organizations

    The National Institute of Standards and Technology (NIST) will convene an in-person workshop on November 12, 2024, in Washington, D.C., to provide more detail about NIST’s new ARIA program. Participants will learn about ARIA’s experimentation environment and NIST’s approach to evaluation-driven research.

    ARIA (Assessing Risks and Impacts of AI) is a NIST AI Innovation Lab program to gather evidence about AI’s risks to people and society as part of advancing the science and practice of AI risk measurement. 

    The one day in-person workshop will take place at The American Geophysical Union in Washington, D.C. 

    This is the first in a series of ARIA workshops to facilitate discussion about aspects of this unique program. The series will begin with a deep-dive into the role of annotation in the ARIA program. Stay tuned for future series.

    The target audience for this workshop is any organization currently participating (or interested in participating) in the ARIA pilot efforts, those working in the field of socio-technical evaluations, and organizations engaged in the annotation of human-AI interactions.

    MIL OSI USA News

  • MIL-OSI Economics: US startups raise $91.7 billion VC funding during first three quarters of 2024, reveals GlobalData

    Source: GlobalData

    US startups raise $91.7 billion VC funding during first three quarters of 2024, reveals GlobalData

    Posted in Business Fundamentals

    The US saw a slight year-on-year (YoY) improvement in terms of venture capital (VC) funding deals value during the first three quarters (Q1-Q3) of 2024 despite a decline in deal volume. A total of 3,529 VC deals of worth $91.7 billion were announced during the period. This represents a YoY growth of 0.9% in funding value even as VC deal volume fell by 35.1%, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database revealed that the US saw the announcement of 5,520 VC deals of worth $90.9 billion during Q1-Q3 2023.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Economic uncertainties, geopolitical tensions, and the ongoing conflicts have affected the US VC deal landscape in terms of deal volume. However, this did not impact the US’ dominance in global VC funding landscape.  as it continues to maintain a significant lead in VC funding activity by deal volume as well as value to other countries but the lead is now much more pronounced in terms of funding value. The US accounted for more than half of the VC funding amount raised globally during Q1-Q3 2024.”

    The US accounted for 28.9% share of the total number of VC deals announced globally during Q1-Q3 2024 while its share of the corresponding funding value stood much higher at 50.1%.

    It is also noteworthy that the US witnessed announcements of 209 VC deals valued more than or equal to $100 million during Q1-Q3 2024 whereas the number of such deals during Q1-Q3 2023 stood at 162.

    Some of the notable VC funding deals announced in the US during Q1-Q3 2024 include: $6 billion raised by X.AI, $1.5 billion by Anduril Industries, $1.1 billion by CoreWeave, $1 billion by Scale AI, $1 billion by Wiz, $1 billion by Xaira Therapeutics and $1 billion worth funding raised by Safe Superintelligence.

    Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.

    MIL OSI Economics

  • MIL-OSI Russia: In October, the service “Removal of Unnecessary Things” receives about a thousand applications per week

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Service “Removal of unnecessary things” is becoming increasingly popular among Muscovites. Every week in October, about a thousand applications for the disposal of items are received from residents of the capital. Most often, city residents get rid of worn-out sofas, electronics and old household appliances, including washing machines and refrigerators.

    With the help of the service, Muscovites can get rid of unnecessary things in a simple, convenient and environmentally friendly way. City residents do not need to look for movers and transport, special disposal sites – the removal of household appliances and metal objects is handled by a partner company connected to the service. At the appointed time, the craftsmen will come to the user, take out old and unnecessary things from the apartment, lower them down and load them into the car. If necessary, they will disconnect the equipment from communications and the power grid. However, built-in equipment, such as a dishwasher, must be dismantled by the owners themselves.

    To remove unnecessary things you will need fill out an online application on the mos.ru portal. You need to specify the address, items and their quantity. Then you should select the expected date and time of removal.

    Things are sent to environmentally friendly recycling points. More than 85 percent returned items are recycled, and the resulting material is reused. Thus, thanks to the service, you can not only get rid of old things, but also take care of the environment. After all, old household appliances contain dangerous elements, toxic additives and heavy metals that lead to soil erosion, groundwater and air pollution.

    How to celebrate in the capital’s Department of Information Technology, Residents of all districts of Moscow who have a valid ID can use the service. a standard or full account on the mos.ru portal. Large-sized equipment, metal products, cars and motorcycles are removed free of charge.

    Sergei Sobyanin told how the service “Removal of unnecessary things” helps Muscovites

    Work and development service “Removal of unnecessary things” supervise the capital’s departments information technology, housing and communal services and the State Institution “New Management Technologies”. Removal services are provided by a specialized partner organization.

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents corresponds to the objectives of the national program “Digital Economy of the Russian Federation” and the regional project of the capital “Digital Public Administration”. More information about this and other national projects implemented in Moscow, You can find out here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145648073/

    MIL OSI Russia News

  • MIL-OSI Russia: No extra waiting: the voice assistant of the unified control center began to receive 54 times more calls

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Since 2020, the voice assistant of the hotline of the unified dispatch center (EDC) has received more than 14 million calls from residents. Of these, over four million were in 2024. In the capital Department of Information Technology of the City of Moscow They said that over four years, the number of calls processed by artificial intelligence has increased 54 times. Thanks to this, residents can resolve issues faster, without wasting time on additional waiting.

    “The hotline of the unified dispatch center has been operating for eight years already; since 2020, a voice assistant has been helping operators answer calls from residents and create requests. At the same time, the virtual assistant processes up to 50 percent of all requests independently, without involving an operator. Thanks to the use of artificial intelligence, the number of calls received on the EDC line has increased threefold during this time: if in the first year of operation the line answered two million requests, then since the beginning of 2024 – already 6.4 million. In order to promptly help city residents, we are systematically working to improve artificial intelligence technologies: new topics and scenarios for voice assistant consultations are being introduced, the load is predicted and incoming calls are redistributed,” said Andrey Savitsky, head of the citywide contact center.

    In the first year of operation, the virtual assistant only accepted requests for heating-related questions. The voice assistant’s knowledge base is constantly being updated, and now it contains 150 topics. Since 2023, artificial intelligence has begun to process calls related to noise in the entrance, basement, water supply or heating systems. In addition, you can call the hotline to report malfunctioning lighting fixtures and switches in the entrance, leaks in the roof and plumbing, as well as improper maintenance of green spaces in the yard.

    In 2024, the knowledge base of the EDC voice assistant was expanded with 59 new topics in terms of eliminating defects, such as leaks in the house, as well as landscaping the yard area. Topics related to plumbing and electricity were also added.

    Voice assistant and call redistribution: DIT Moscow – about how the hotline of the single dispatch center worksA Million More Calls: How Digital Technologies Make City Hotlines More Accessible to Muscovites

    A voice assistant with a robotic male voice answers the EDC hotline for residents. A conversation with the virtual assistant takes no more than two minutes. If problems arise in an apartment, residents are asked clarifying questions and then offered to fill out a request for a technician to be called, which is sent to the district’s unified dispatch service. After that, the virtual assistant provides the request number and the time frame for its completion. If more detailed advice is needed, it transfers the call to an operator.

    Since last year, the voice assistant has been conducting surveys among residents on the quality of consultations. After the dialogue is over, it offers to rate how satisfied the person is with its work. Muscovites rate the overall impression of communication and convenience in solving the issue at an average of four out of five.

    The EDC hotline operates as part of the capital’s citywide contact center. More than a thousand dispatch services are connected to it. Calls are accepted around the clock at: 7 495 539-53-53. Each request is registered and sent to the district’s unified dispatch service, and the resident is informed of its number and deadline.

    Most often, city residents contact the EDC hotline to leave a request for a technician to fix problems related to the lighting in the entrance hall and the operation of the elevator, garbage collection, cleaning the garbage chute or the lack of electricity in the apartment, as well as to receive advice on other housing and communal issues. About 747 thousand calls are received monthly. At the same time, 80 percent of requests for troubleshooting are resolved within 24 hours.

    In addition to the EDC hotline, you can submit an application to the unified dispatch center in other ways – online using the service “Call the Master” on mos.ru, platforms “Electronic House” and via mobile application “Gosuslugi Moskvy”If the house is not connected to the Unified Dispatch Center, residents can contact the control room of the management company.

    Report a malfunction or call a technician: how the unified control center works

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents is in line with the objectives of the national program “Digital Economy of the Russian Federation” and the regional project “Digital Public Administration”. More information about this and other national projects implemented in the capital can be found Here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145607073/

    MIL OSI Russia News

  • MIL-OSI Russia: Muscovites can become volunteers for the portal “Our City”

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Residents of the capital can become volunteers of the portal “Our City”. Since the beginning of the year, 800 active citizens have checked more than 42 thousand works that were carried out according to messages left on the portal.

    Muscovites have access to various topics for monitoring. For example, they can observe the condition of city charging stations for electric vehicles or city clocks, filling sandboxes, repairing mailboxes or replacing light bulbs in the entrance hall, assessing the content of car and bicycle parking lots, as well as bike rental points.

    How to get started volunteering

    Anyone, regardless of age or profession, can join the ranks of volunteers on the Our City portal and contribute to the development of the capital: a student, a pensioner, a teacher or a builder. To do this, you need to log in to the portal using your mos.ru account, go tosection “About the portal” and choose section “Volunteering”. After reviewing with the rules Andinstructions All that remains is to click on the button “I want to become a volunteer”.

    Then you need to select one or more tasks on the topics and addresses of interest, conduct a check within three days and take a photo of the results. The photo must be sent to the portal with a comment on the quality of the work performed. In the personal account, the volunteer will be able to track the task’s completion by city services.

    For each confirmation or refutation of the elimination of a defect identified by another user published on the portal, the volunteer will be awarded 50 points of the city loyalty program “A Million Prizes”. The points you receive can be donated to charity, used to top up your Troika card, your parking account in the Parking of Russia app, or exchanged for discounts in stores, pharmacies, and Moscow cultural institutions.

    Portal “Our City” was created in 2011 to improve the quality of life of Muscovites and the appearance of the capital with the active participation of the residents themselves. Over 13 years, the portal has helped resolve over 9.6 million issues, and is used by over 2.3 million city residents. The portal is developing Department of Information Technology of the City of Moscow together with the State Institution “New Management Technologies”.

    Since the beginning of the year, the portal “Our City” has helped solve 1.4 million questions of MuscovitesRiver transport: a new subcategory has appeared on the portal “Our City”Feed on the main screen and new buttons: additional functions have appeared in the mobile application “Our City”

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents is in line with the objectives of the national program “Digital Economy of the Russian Federation” and the capital’s regional project “Digital Public Administration”. More information about this and other national projects being implemented in Moscow can be found find out here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145626073/

    MIL OSI Russia News

  • MIL-OSI Russia: Digital accounting and computer vision: how Moscow is developing information services in the financial sector

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The capital has been developing information technologies in the field of public finance for more than 12 years. This was stated Elena Zyabbarova, Minister of the Moscow Government, head of the capital’s Department of Finance, at the panel discussion “The Digital Future of the Budget: Technologies and Efficiency” at the Moscow Financial Forum.

    “Today, each city sector has its own technological platform, on which both its management and the provision of services to city residents and other end users are built. And the sphere of public finances is no exception. Due to the creation of modern services, their integration with city and federal information systems, we have significantly increased the quality and speed of the budget process in Moscow, and in general, a colossal paradigm shift has occurred,” the head of the department said.

    In Moscow, digitalization has helped to get rid of paper document flow, create digital workplaces, increase the speed of payments and strengthen control over the use of budget funds. Big data processing systems have made it possible to conduct a detailed industry analysis of budget revenues, monitor the state of the economy and significantly increase the accuracy of assessing the income of the city treasury.

    The discussion participants emphasized that further digitalization is impossible without deepening integration between departmental information and analytical systems, developing unified standards for managing and accounting budget funds. Big data processing technologies and artificial intelligence algorithms are coming to the forefront today.

    The use of artificial intelligence algorithms significantly expands the capabilities of financiers: the machine can be trusted to carry out routine operations and free up the time of specialists for analytical work.Department of Finance of the City of Moscow already working service using computer vision when authorizing transactions of treasury support participants. In addition, the department is implementing algorithms for robotizing the formation and authorization of payment documents for payment of government contracts.

    A fundamentally new system has made it possible to unify budget accounting procedures in Moscow centralized budget accounting model. It enables accounting according to general rules using a single chart of accounts and document forms and at the same time in accordance with the specifics of various urban economic complexes. Digital accounting allows obtaining large data sets and comparing the financial and economic performance indicators of institutions.

    Together with the Federal Treasury of the Russian Federation Department of Finance of the City of Moscow is working on the implementation of customer-oriented services. This is the use of the Mir payment system for all types of social payments to residents of the capital and the creation of an automated payment system for city purchases of goods and services using fast payment technology.

    “In the future, budget management will be based on constant diagnostics of changing conditions. On the one hand, it will become fast and flexible, comfortable for all participants in the process, and on the other hand, it will eliminate possible errors as much as possible and provide a high level of security,” Elena Zyabbarova emphasized.

    The use of digital technologies to improve the quality of life of city residents is in line with the objectives of the national program “Digital Economy of the Russian Federation” and the Moscow regional project “Digital Public Administration”. More information about this and other national projects implemented in the capital can be found Here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145637073/

    MIL OSI Russia News

  • MIL-OSI Russia: NSU launched a pilot computing cluster of the Lavrentyev supercomputer center

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The first stage of the computing cluster segment of the Lavrentyev supercomputer center has been launched at Novosibirsk State University. The segment is located in the NSU academic building, and will later be located on the premises of the NSU research center, which is one of the facilities the second stage of the modern campus of NSU. With a computing power of 360 teraflops (trillions of floating-point operations per second), it surpasses all similar servers in academic institutions beyond the Urals. The new cluster is designed to work with large language models and generative artificial intelligence.

    — The Lavrentyev SCC is an important part of the university development strategy, which involves the creation of a modern computing infrastructure based on NSU. The launch of the pilot cluster is a significant step towards achieving this goal. The Lavrentyev SCC will become a center for collective use and will be in demand by a wide variety of specialists, and will also be useful for processing large scientific data, — commented the rector of NSU, academician of the Russian Academy of Sciences Mikhail Fedoruk.

    It is planned that the Lavrentyev supercomputer center will be fully operational in 2026. The maximum computing power will be 10 petaflops (quadrillion floating-point operations per second). The first stage of the Lavrentyev SCC, which was launched at NSU, will already allow solving a number of important research and applied problems.

    — We will use it to practice the application of large language models to real-world devices, including industrial artificial intelligence, transport, and unmanned aircraft systems. It is possible that swarm technologies will also be part of our work in the future.yu1sch. But first, we must provide a separate device with minimal intelligence, and then develop algorithms for their interaction with each other in order to solve common problems, said Alexey Okunev, director Institute of Intelligent Robotics NSU.

    Among the first projects for which the computing power of the new cluster will be used are projects implemented in the interests of industrial partners within the NSU Research Center for Artificial Intelligence. In particular, we are talking about various video analytics sensors developed by order of Rostelecom — these are transport detectors, detectors of non-standard behavior for schools, etc.

    — This server is equipped with graphic accelerators that allow for multiple parallel calculations, it has the necessary amount of graphic video memory so that we can use modern large language models of the ChatGPT and GigaChat level, fine-tune and customize them to solve specific problems. The term “non-standard behavior” is quite difficult to formulate algorithmically. The task of recognizing non-standard types of behavior and preventing them can be solved using advanced artificial intelligence technologies, which can be provided to us by large language models. This should increase the accuracy and robustness (resistance to interference) of our models, — Alexey Okunev explained.

    The computing cluster also opens up additional opportunities for the implementation of new educational programs. Thus, “Digital Department” of NSU It is planned to launch the Machine Learning program. Within its framework, students will be trained on real projects that use artificial intelligence technologies and whose customers are industrial partners from various industries.

    yu1sch Decentralized process management through self-organizing collective work of all its elements.

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

    MIL OSI Russia News

  • MIL-OSI: Unifiedpost Group announces changes in Leadership team and Board composition

    Source: GlobeNewswire (MIL-OSI)

    INSIDE INFORMATION

    La Hulpe, Belgium 23 October 2024, 7:00 am. CET – INSIDE INFORMATION – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost, Company), a leading provider of integrated business communications solutions, announces the appointment of Nicolas de Beco as its CEO, effective December 1, 2024. Founder and current CEO Hans Leybaert will transition to Executive Chairman. Additionally, the Board has co-opted two new members: Crescemus BV, represented by Pieter Bourgeois, and PDMT Investments LLC, represented by Peter Mulroy. The Board further plans to nominate potential Board members at the next Ordinary General Shareholder Meeting. These changes align with our commitment to enhance governance and strengthen the position of Unifiedpost.

    Summary of appointments:

    • Nicolas de Beco has been appointed as the new CEO of Unifiedpost, effective December 1, 2024. Nicolas succeeds Hans Leybaert, who will transition to Executive Chairman of the Board.
    • Crescemus BV, represented by Pieter Bourgeois, has been co-opted as a non-executive director, replacing AS Partner BV, represented by Stefan Yee, who stepped down on October 1, 2024. Crescemus will represent Alychlo NV in the Board. The mandate will take effect as from October 23, 2024.
    • PDMT Investments LLC, represented by Peter Mulroy, has been co-opted as independent director, replacing Sopharth BV, represented by Philippe De Backer, who stepped down on October 1, 2024. The mandate will take effect as from October 23, 2024.
    • The Board plans to nominate four potential Board members at the next Ordinary Shareholder Meeting in May 2025.

    Appointment of Nicolas de Beco as CEO; Hans Leybaert becomes executive chairman.

    Unifiedpost is pleased to announce Nicolas de Beco as its new CEO, effective December 1, 2024. Nicolas will succeed Hans Leybaert, who will transition into the role of Executive Chairman. Nicolas brings extensive experience in scaling SaaS businesses and driving operational excellence, both of which are essential to Unifiedpost’s current strategic priorities, as the company continues to execute on its organic growth plans and capitalise on opportunities arising from regulatory reforms across Europe. Hans Leybaert will remain on board to guide the strategy implementation of the company.

    Hans Leybaert stated, “We welcome Nicolas as our new CEO, and I am excited to transition into the role of Executive Chairman. Nicolas brings a wealth of experience to Unifiedpost, having served as Senior Vice President of Strategy at Quadient and President of the French Foreign Trade Advisors in New England. His proven ability to understand and address customer needs aligns with our commitment to customer-centric innovation. I am confident that this transition will keep Unifiedpost on track to becoming the leading digital platform for administrative, financial, payment, and communication processes. Nicolas will bring fresh ideas that will accelerate our growth.”

    Nicolas de Beco stated: “I’m excited to join Unifiedpost, Europe’s leading SaaS provider for Financial Automation. With the support of 1.000+ dedicated employees and a strong base of 1,3 million customers, I look forward to leading the team towards sustained, profitable growth and shareholder returns.”

    Co-optation of new Board members

    Following the announcement on July 8, 2024, Stefan Yee, representing AS Partners BV, has decided to voluntarily step down as chairman and member of the Board after nearly 10 years of service since 2014, effective October 1, 2024. Additionally, Philippe De Backer, representing Sopharth BV, has also stepped down from the Board effective October 1, 2024, due to a new professional commitment that prevents his continued service on the Unifiedpost Board.

    Following this, the Board of Directors has decided to co-opt Pieter Bourgeois, representing Crescemus BV, and Peter Mulroy, representing PDMT Investments LLC, as directors effective October 23, 2024. Pieter Bourgeois, who will replace Stefan Yee, is the CEO of Alychlo NV and will represent Alychlo on the Board. Peter Mulroy, replacing Philippe De Backer, will serve as an independent director and brings over 40 years of experience in global trade, receivables, and supply chain finance. The Board will seek ratification of these appointments from the Ordinary General Shareholder Meeting in May 2025. These changes reflect Unifiedpost’s commitment to maintaining a diverse and experienced Board, ensuring strong corporate governance. The newly appointed members’ extensive international experience aligns with Unifiedpost’s ambitions to accelerate the growth of digital services and enhance value for our shareholders and customers.

    Commenting on the announcement, Hans Leybaert stated, “First and foremost, I want to express my sincere gratitude to Stefan Yee and Philippe De Backer for their significant contributions to Unifiedpost during their tenure on our Board. Their insights and dedication have been invaluable to our growth. As we welcome Pieter Bourgeois and Peter Mulroy as new members, I am confident that their expertise will further enhance our governance. Pieter, representing Alychlo, underscores our commitment to a strong Board, while Peter’s extensive background in global trade and finance will be instrumental as we continue to advance our strategic objectives. We look forward to the fresh perspectives our new Board members will bring while building upon the strong foundation laid by their predecessors”.

    Pieter Bourgeois, CEO of Alychlo, added, “As long-term investors, we have always believed in the company’s potential and the value it can unlock for all shareholders. We appreciate the collaborative approach taken by Unifiedpost’s leadership to implement these governance changes, which we believe are a testament to Unifiedpost’s commitment to adopt best practices and strengthen oversight. I am honoured to join the board and look forward to working collaboratively with my fellow directors and management to drive sustainable growth, operational excellence, and long-term value creation for all stakeholders.”

    Planned nominations by the Board.

    To further expand the experience of the Board and give it a more international character, the Board shall propose to nominate four additional directors at the next Ordinary General Shareholder Meeting, scheduled for May 20, 2025:

    • Nathalie Van den Haute, representing Quilaudem BV, shall be proposed to be nominated as a non-executive director. Nathalie is an Investment Principal at Alychlo NV and will represent Alychlo on the Board. She has extensive experience in corporate finance and equity capital markets, having held various leadership positions at KBC Securities.
    • Koen Hoffman, representing Ahok BV, shall be proposed to be nominated as an independent director. Koen is the CEO of Value Square and serves on the boards of Greenyard, Fagron, and MDxHealth in independent capacities.
    • Leanne Kemp shall be proposed to be nominated as an independent director. Leanne is the founder and CEO of Everledger. A prominent figure in the technology sector, she co-chairs the World Economic Forum’s Global Future Council on the Future of Manufacturing and participates in the Global Future Council on Blockchain. Additionally, Leanne leads workstreams at the Global Blockchain Business Council, co-chairs the Sustainable Trade Action Group for the World Trade Board and serves on the IBM Blockchain Platform Board of Advisors.  
    • Nicolas de Beco, representing Beco Global Consulting LLC, shall be proposed to be nominated as executive director.

    The Board shall propose to nominate them for a four-year term, effective from the next Ordinary General Shareholder Meeting. Additionally, the Board shall propose that the shareholders align the terms of the mandates for Crescemus BV and PDMT Investments LLC with this four-year term.

    With these changes to its governance structure, Unifiedpost highlights the international experience of its Board. This reinforces the company’s ambition to become a leading Pan-European player in its market segment.

    Please visit Unifiedpost’s website for more information about the Board of Directors.

    Contact:
    Alex Nicoll
    Investor Relations
    Unifiedpost Group
    alex.nicoll@unifiedpost.com

    About Unifiedpost Group

    Unifiedpost is a leading cloud-based platform for SME business services built on “Documents,” “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers. For more information about Unifiedpost Group and its offerings, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Unifiedpost Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Unifiedpost Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

    Attachments

    The MIL Network

  • MIL-OSI: Planisware – Q3 2024 revenue

    Source: GlobeNewswire (MIL-OSI)

    Q3 2024 revenue of € 47.0 million

    • Year-on-year revenue growth in constant currencies of +18.7% in Q3 and +19.3% for the 9 first months of the year
    • Record high commercial pipeline but longer customer decision-making process driving delayed signature and start of new contracts
    • More cautious view on revenue growth in Q4
    • Improving profitability thanks to continuous progress in operational efficiency and better activity mix
    • Revision of 2024 objectives announced in September 2023:
      • 2024 revenue growth in constant currencies between +17% and +18%
        (vs. c. 19.5%)
      • Adjusted EBITDA margin raised to approximately 34% (vs. c. 33%)
      • Cash Conversion Rate of c. 80% confirmed

    Paris, October 23, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its revenue for the third quarter of 2024. Revenue amounted to € 47.0 million, up by +18.2% in current currencies, mainly led by the continued success of the Group’s market-leading SaaS platform. In constant currencies, revenue growth reached +18.7% (€+7.4 million) in Q3 and +19.3% (€+21.6 million) for the first nine months of the year. Recurring revenue amounted to €41.4 million in Q3 (88% of revenue) and was up by +21.2% in constant currencies.

    Loïc Sautour, CEO of Planisware, commented: “During the third quarter of 2024, Planisware delivered a solid +18.7% revenue growth in constant currencies, led by the continued success of our SaaS operations. This was a bit lower than expected due to elongated customers’ decision-making process since the end of the summer on the back of political concerns in France and difficulties seen in some of our key verticals such as automotive.

    Taking into account some uncertainties in the closing timing of delayed signatures and the start of some contracts, we adopt a cautious view for the end of the year. As a results, we now target annual revenue growth between +17% and +18% in constant currencies.

    In parallel, we continue to benefit from the evolution of our activity mix and to deliver further operational efficiencies on employee-related costs enabling to raise our 2024 profitability objective to c. 34% while confirming our cash conversion rate objective of c. 80%.

    Beyond the current quarter, we continue to build on our record high commercial pipeline fuelled by increasing demands for strategic portfolio management tools that help companies to better align their resources with strategic business goals. This dynamic is paving the way towards our ambition to be the accelerator of the Project Economy and the number one provider of multi-specialty project and portfolio management software solutions.

    Q3 2024 revenue by revenue stream

    In € million Q3 2024 Q3 2023 Variation
    YoY
    Variation
    in cc*
    Recurring revenue 41.4 34.3 +20.7% +21.2%
    SaaS & Hosting 20.8 17.1 +21.9% +22.3%
    Evolutive support 13.0 10.4 +24.6% +25.2%
    Subscription support 2.8 2.2 +29.4% +30.3%
    Maintenance 4.8 4.6 +3.8% +4.1%
    Non-recurring revenue 5.6 5.1 +8.3% +8.7%
    Perpetual license 2.0 1.3 +57.3% +58.0%
    Implementation & others non-recurring 3.5 3.8 -8.1% -7.9%
    Revenue with customers 47.0 39.4 +19.1% +19.6%
    Other revenue 0.3    
    Total revenue 47.0 39.7 +18.2% +18.7%

    * Revenue evolution in constant currencies, i.e. at Q3 2023 average exchange rates

    Reaching €47.0 million in Q3 2024, revenue was up by +18.2% in current currencies and +18.7% in constant currencies. The exchange rates effect was mostly related to the appreciation of the euro versus the US dollar and the Japanese yen compared to Q3 2023. In order to reflect the underlying performance of the Company independently from exchange rates fluctuations, the following analysis refers to revenue evolution in constant currencies, applying Q3 2023 average exchange rates to Q3 2024 revenue figures, unless expressly stated otherwise.

    Recurring revenue

    Representing 88% of Q3 2024 revenue versus 86% in Q3 2023, recurring revenue reached €41.4 million, up by +21.2%.

    Revenue growth was fully led by Planisware’s SaaS model (i.e. SaaS & Hosting and Evolutive & Subscription support) up +23.9%, with SaaS & Hosting revenue up by +22.3% thanks to contracts secured with new customers as well as continued expansion within the installed base. Revenue of support activities (Evolutive & Subscription support), intrinsically related to Planisware’s SaaS offering, grew by +26.1%.

    Maintenance revenue was up by +4.1% in the context of the Group’s shift from its prior license model to a SaaS model.

    Non-recurring revenue

    Non-recurring revenue was up by +8.7%, helped by perpetual licenses extensions and upgrades sold in Q3 2024 to established customers with specific on-premise needs.

    The continued effort to deliver shorter implementations and to bring value faster to customers continued to drive down the planned revenue decline in Implementation. At -7.9% in Q3, revenue decline was accented by delays in the start of projects.

    Confirmed leadership of Planisware

    Planisware’s broad recognition from third-party industry analysts was further confirmed by the latest 2024 Gartner® “Magic QuadrantTMfor Adaptive Project Management and Reporting report.” published on September 5, 2024 and in which Gartner reasserted Planisware as a Leader, emphasizing “robust integrations, dynamic reporting, and native collaboration functionality” and a roadmap that “includes investments to bolster objective and key result (OKR) capabilities, automate work effort tracking, and deliver additional AI-driven features”.

    2024 objectives

    During its process to prepare its IPO, Planisware communicated to investors its 2024 objectives as early as September 2023.

    Planisware communicates today a revised set of 2024 objectives to take into account the uncertainties in the closing timing of delayed signatures and the start of some contracts. The Group adopts a more cautious view for year-end revenue growth. In parallel, continuous progress in operational efficiency and improving activity mix enable Planisware to raise its profitability objective, while confirming its objective for cash generation. As a consequence, Planisware’s 2024 objectives are:

    • Revenue growth in constant currencies between +17% and +18% (c. 19.5% priorly)
    • Adjusted EBITDA margin of approximately 34% (approximately 33% priorly)
    • Cash Conversion Rate of c.80% confirmed

    Appendices

    YTD 2024 revenue by revenue stream

    In € million 9M 2024 9M 2023 Variation
    YoY
    Variation
    in cc*
    Recurring revenue 118.0 96.4 +22.5% +22.9%
    SaaS & Hosting 59.6 46.6 +27.8% +28.0%
    Evolutive support 35.9 29.8 +20.4% +21.1%
    Subscription support 8.4 6.3 +34.8% +35.0%
    Maintenance 14.1 13.6 +3.4% +3.5%
    Non-recurring revenue 15.5 15.3 +1.9% +2.0%
    Perpetual license 6.1 3.6 +70.1% +70.4%
    Implementation & others non-recurring 9.4 11.7 -19.2% -19.1%
    Revenue with customers 133.6 111.6 +19.7% +20.0%
    Other revenue 0.7    
    Total revenue 133.6 112.3 +18.9% +19.3%

    * Revenue evolution in constant currencies, i.e. at 9M 2023 average exchange rates

    Q3 2024 revenue Investors & Analysts conference call

    Planisware’s management team will host an international conference call on October 23, 2024 at 8:00am CET to details Q3 2023 performance and key achievements, by means of a presentation followed by a Q&A session. The webcast and its subsequent replay will be available on planisware.com.

    Upcoming event

    • February 27, 2025:        FY 2024 results publication

    Contact

    About Planisware

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

    With more than 700 employees across 14 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”). For more information, visit: https://planisware.com/

    Connect with Planisware on: LinkedIn and X (formerly Twitter).

    Disclaimer

    Forward-looking statements

    This document contains statements regarding the prospects and growth strategies of Planisware. These statements are sometimes identified by the use of the future or conditional tense, or by the use of forward-looking terms such as “considers”, “envisages”, “believes”, “aims”, “expects”, “intends”, “should”, “anticipates”, “estimates”, “thinks”, “wishes” and “might”, or, if applicable, the negative form of such terms and similar expressions or similar terminology. Such information is not historical in nature and should not be interpreted as a guarantee of future performance. Such information is based on data, assumptions, and estimates that Planisware considers reasonable. Such information is subject to change or modification based on uncertainties in the economic, financial, competitive or regulatory environments.

    This information includes statements relating to Planisware’s intentions, estimates and targets with respect to its markets, strategies, growth, results of operations, financial situation and liquidity. Planisware’s forward-looking statements speak only as of the date of this document. Absent any applicable legal or regulatory requirements, Planisware expressly disclaims any obligation to release any updates to any forward-looking statements contained in this document to reflect any change in its expectations or any change in events, conditions or circumstances, on which any forward-looking statement contained in this document is based. Planisware operates in a competitive and rapidly evolving environment; it is therefore unable to anticipate all risks, uncertainties or other factors that may affect its business, their potential impact on its business or the extent to which the occurrence of a risk or combination of risks could have significantly different results from those set out in any forward-looking statements, it being noted that such forward-looking statements do not constitute a guarantee of actual results.

    Rounded figures

    Certain numerical figures and data presented in this document (including financial data presented in millions or thousands and certain percentages) have been subject to rounding adjustments and, as a result, the corresponding totals in this document may vary slightly from the actual arithmetic totals of such information.

    Variation in constant currencies

    Variation in constant currencies represent figures based on constant exchange rates using as a base those used in the prior year. As a result, such figures may vary slightly from actual results based on current exchange rates.

    Non-IFRS measures

    This document includes certain unaudited measures and ratios of the Group’s financial or non-financial performance (the “non-IFRS measures”), such as “recurring revenue”, “non-recurring revenue”, “gross margin”, “Adjusted EBITDA”, “Adjusted EBITDA margin”, “Adjusted Free Cash Flow”, “cash conversion rate”, “churn rate” and “Net Retention Rate” (or “NRR”). Non-IFRS financial information may exclude certain items contained in the nearest IFRS financial measure or include certain non-IFRS components. Readers should not consider items which are not recognized measurements under IFRS as alternatives to the applicable measurements under IFRS. These measures have limitations as analytical tools and readers should not treat them as substitutes for IFRS measures. In particular, readers should not consider such measurements of the Group’s financial performance or liquidity as an alternative to profit for the period, operating income or other performance measures derived in accordance with IFRS or as an alternative to cash flow from (used in) operating activities as a measurement of the Group’s liquidity. Other companies with activities similar to or different from those of the Group could calculate non-IFRS measures differently from the calculations adopted by the Group.

    Non-IFRS measures included in this document are defined as follows:

    • Adjusted EBITDA is calculated as Current operating profit including share of profit of equity-accounted investees, plus amortization and depreciation as well as impairment of intangible assets and property, plant and equipment, plus either non-recurring items or non-operating items.
    • Adjusted EBITDA margin is the ratio of Adjusted EBITDA to total revenue.
    • Adjusted FCF (Free Cash Flow) is calculated as cash flows from operating activities, plus IPO costs paid, if any, less other financial income and expenses classified as operating activities in the cash-flow statement, and less net cash relating to capital expenditures.
    • Cash Conversion Rate is defined as Adjusted FCF divided by Adjusted EBITDA. Planisware considers Cash Conversion Rate to be a meaningful financial measure to assess and compare the Group’s capital intensity and efficiency.
    • Net cash position is defined as Cash minus indebtedness excluding lease liabilities.

    Attachment

    The MIL Network

  • MIL-OSI: WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Interim report 1 January – 30 September 2024, 23 October 2024 at 8.00 EEST

    WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Highlights of July – September 2024 (“third quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services2 increased by 11% to EUR 81.8 million (EUR 73.8 million)
    • Elements Cloud ARR decrease from previous quarter was 1%
    • Net Revenue Retention for Elements Cloud was 104%
    • Revenue for Elements Cloud increased by 9% to EUR 20.7 million (EUR 19.0 million)
    • ARR for Cloud Protection for Salesforce increased by 38% to EUR 10.2 million (EUR 7.4 million)
    • CPSF Revenue increased by 20% to EUR 2.4 million (EUR 2.0 million)
    • Cyber security consulting revenue declined by 1% to EUR 7.5 million (EUR 7.7 million)
    • Adjusted EBITDA for WithSecure was EUR 1.9 million (EUR -2.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.4 million (EUR -0.2 million).
    • Consulting-related goodwill was impaired by EUR 15.5 million in the third quarter
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
    2. Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

    Highlights of January – September 2024

    • Revenue for Elements Cloud products and services increased by 10% to EUR 61.8 million (EUR 56.4 million)
    • CPSF revenue increased by 5% to EUR 6.6 million (EUR 6.3 million)
    • Cyber security consulting revenue increased by 2% to EUR 23.6 million (EUR 23.2 million)
    • Adjusted EBITDA for WithSecure was EUR 0.7 million (EUR -16.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.9 million (EUR -3.4 million).

    Outlook for 2024

    Outlook for 2024 (updated on 11 October 2024)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 6–14 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 8–12 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 2– 5 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Outlook for 2024 (previous)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 10–20 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 10–16 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 6–12 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Figures in this report are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela

    In the third quarter of 2024, WithSecure ARR for Elements Cloud products and services grew by 11 % to EUR 81.8 million (EUR 73.8 million). Elements Cloud revenue grew by 9 % to EUR 20.7 million (EUR 19.0 million). Despite the slightly disappointing revenue growth, profitability of both Elements Company segment and WithSecure Group was positive at the Adjusted EBITDA level. Cloud Protection for Salesforce business returned to the growth track, with ARR growth of 38 %.

    In the Elements Company, Elements software continued to perform with good year-on-year growth. In the DACH (Germany, Austria, Switzerland) region, the revenue growth slowed down slightly, mostly due to the weakness of the German economy. In other European regions and Japan, the revenue and ARR growth continued. In Managed services, some large customers churned during third quarter. This development was affected by our increasing focus on selling managed services to mid-market customers through the Elements platform. However, despite the increase in the number of customers, revenue did not fully compensate for the churned accounts. Of the geographic regions, mostly the UK and the US have been impacted by the Managed services development.

    Exposure Management, introduced in SPHERE’24 reached General Availability during the third quarter. The customer demand for the newest module of Elements has remained high. Also, our AI assistant Luminen became available for all Elements customers in the third quarter.

    Elements Company Adjusted EBITDA was EUR 2.0 million (EUR -0.5 million), as a result of the cost savings of 2023 and continuous efficiency measures.

    In Cloud Protection for Salesforce (CPSF), focused efforts on improving sales efficiency resulted in breaking through the 10 million ARR threshold. ARR grew by 38 % to EUR 10.2 million (EUR 7.4 million). Revenue grew by 20 % to EUR 2.4 million (EUR 2.0 million). We continue to develop CPSF as an independent business in WithSecure. Profitability of the CPSF is moving towards break-even with the improving revenue.

    Cyber security consulting revenue was slightly below previous year’s level and was EUR 7.5 million (EUR 7.7 million). In some key accounts, we saw financial constraints in the third quarter. In the long term, we continue to see solid demand for cyber security consulting service. As announced on 31 October 2023, the Cyber security consulting business is under strategic review. We are in active discussions regarding divestment of the business, but no decision has been taken so far.

    Due to the gaps between actual and expected revenue, we lowered the financial outlook for 2024. For the changes in consulting revenue estimates and increased equity market risk, we recorded an impairment of the consulting-related goodwill of EUR 15.5 million in the third quarter.

    At the end of September, WithSecure’s headquarters moved to the new premises in Wood City, Helsinki. This is part of our plan of creating dynamic and collaborative workplaces, to welcome our employees and visitors and to foster well-being and creativity.

    Financial performance

    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Revenue 36.1 34.8 4% 109.2 104.8 4% 142.8
    Gross Margin 26.2 24.2 9% 78.4 72.6 8% 100.2
    % of revenue 72.6 % 69.5 %   71.8 % 69.3 %   70.2 %
    Other operating income1 0.7 0.2 227% 1.6 1.0 53% 1.4
    Operating expenses1 -25.0 -26.6 6% -79.2 -90.0 12% -117.7
    Sales & Marketing -13.7 -15.2 10% -42.9 -52.4 18% -68.1
    Research & Development -8.4 -8.2 3% -26.5 -27.6 4% -36.3
    Administration -3.0 -3.3 10% -9.8 -10.0 2% -13.3
    Adjusted EBITDA2 1.9 -2.3 182% 0.7 -16.3 -104% -16.1
    % of revenue 5.2 % -6.5 %   0.7 % -15.6 %   -11.3 %
    Items affecting comparability (IAC)              
    Other items -0.6 -0.1 -468% -1.6 -0.4 -301% -1.4
    Restructuring -0.4 -0.1 -303% -0.4 -4.4 90% -8.9
    Divestments 0.6     1.2 1.4 -15% 1.4
    EBITDA 1.5 -2.5 -160% -0.1 -19.7 99% -25.1
    % of revenue 4.1 % -7.1 %   -0.1 % -18.8 %   -17.6 %
    Depreciation & amortization, excluding PPA3 -2.6 -2.5 -5% -7.4 -7.6 2% -10.2
    Impairment -15.5 -6.2 -150% -15.5 -6.2 -150% -6.2
    PPA amortization -0.5 -0.6 15% -1.7 -1.8 4% -2.4
    EBIT -17.2 -11.8 46% -24.8 -35.3 30% -43.9
    % of revenue -47.5 % -33.8 %   -22.7 % -33.7 %   -30.7 %
    Adjusted EBIT2 -0.8 -4.8 84% -6.7 -23.9 72% -26.3
    % of revenue -2.1 % -13.7 %   -6.1 % -22.8 %   -18.4 %
    1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 
    2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)
    3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 
    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Earnings per share, (EUR)1 -0.10 -0.06 -69% -0.13 -0.16 18% -0.23
    Deferred revenue       65.7 65.7 0% 66.9
    Cash flow from operations before financial items and taxes -0.6 -9.0 94% -5.7 -22.5 75% -19.9
    Cash and cash equivalents       21.6 30.0 -28% 36.6
    ROI, % -60.8 % -33.3 % -82% -27.1 % -30.9 % 12% -30.5 %
    Equity ratio, %       66.6 % 79.1 % -16% 73.3 %
    Gearing, %       4.0 % -18.3 % -122% -22.2 %
    Personnel, end of period       983 1,147 -14% 1,087
    1. Based on the weighted average number of outstanding shares during the period 175,976,169 (1-9/2024). Earnings per share has been recalculated for comparative periods using average weighted share amount after share issues.

    Events after period-end
    No material changes regarding the company’s business or financial position have taken place after the end of the quarter.

    Additional information
    This is a summary of WithSecure’s interim report 1 January – 30 September 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 23 October starting at 14.00 EEST. The webcast will be held in English and can be accessed at

    https://withsecure.videosync.fi/q3-2024

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    WithSecure will publish its financial information dates of 2025 later in the fourth quarter of 2024. WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    Contact information

    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita, VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    The MIL Network

  • MIL-OSI Russia: From nail-standing to managing emotions: “Youth of Moscow” will hold a series of events in a multi-format space

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The project “Youth of Moscow” opens a new program “Megapolis of your ideas”. It includes educational and entertainment events aimed at developing creativity and forming useful skills. These are various master classes, lectures and a board game championship. They will be held at the site of the multi-format space of the project.

    “As part of the survey “Moscow – the youth capital of Russia” we were able to learn even more about what events are interesting to our youth. Based on the data received, a new program was formed that satisfies the main interests of the children. Now they will be able to find even more opportunities and develop in the areas that they themselves have chosen,” noted

    Ekaterina Dragunova, Chairman of the City Committee for Public Relations and Youth Policy.

    The events of the “Megapolis of Your Ideas” program are prepared taking into account the interests of young city dwellers. Thus, within the framework of the “Life in Balance” direction, dedicated to a healthy lifestyle, a series of thematic master classes will be held, for example, on nail-standing and managing emotions. In addition, everyone will be able to meet with experts and take part in discussions on such topics as positive thinking, developing self-discipline and motivation.

    The “Code of the Future” direction will be dedicated to self-development. Guests will enjoy lectures from experts on the following topics: finances and resources, idea generation, working with artificial intelligence, and others.

    The “Connections on Connection” direction will help young city dwellers make new acquaintances. They will join a board game championship, including mafia, jenga and monopoly. In addition, the organizers have prepared master classes on modeling, self-care and self-defense, as well as meetings dedicated to films and computer games.

    You can try your hand at creativity at master classes on linocut, painting clay pots, dancing and playing musical instruments, which will be held as part of the “Art of Being Yourself” direction.

    Sergei Sobyanin: The Youth of Moscow project is four years old

    The program will begin on October 24 at 6:00 PM with a hip-hop master class. It will be conducted by professional dancer Anna Kuzminkova. Pre-registration is required. by link.

    On October 28 at 18:00 there will be a lesson by nailingThe leader will help participants overcome their fears and gently enter into the practice.

    On October 31 at 6:00 p.m., everyone is invited to a hip-hop master class by Vladislav Falileev, winner of the title “Mr. Moscow Student 2023”. He will show beginner dancers a few simple moves and learn choreographic combinations with them. To participate, you must pre-register by link.

    Previously, the City of Assignments project conducted a survey called “Moscow — the youth capital of Russia.” Young residents could share their opinions about what kind of events they are interested in, where they most often find information about them, and when it is more convenient for them to attend them.

    Based on the voting results, key areas of interest to young people were selected: healthy lifestyle, expanding the circle of acquaintances (networking meetings), new knowledge and creativity. They became the basis for the program “Megapolis of your ideas”. You can take part in it for free, preliminary registration is required on the portal.

    The organizer of the series of events is the project “Youth of Moscow” of the city Committee on Public Relations and Youth Policy. The project helps identify and implement the requests of the capital’s residents. During its work, more than 3.5 thousand events were organized, in which over two million people took part.

    You can find out more about the opportunities for young Muscovites on the portal “Youth of Moscow” and project pages in social networks.

    The “City of Tasks” project has been operating since 2022. With its help, residents of the capital can monitor the work of city services, participate in environmental, sports and other events. The project is being developed by the State Institution “New Management Technologies” and the city Department of Information Technology.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145641073/

    MIL OSI Russia News

  • MIL-OSI: Capgemini announces leadership appointments

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Sam Connatty
    Tel.: +44 (0)370 904 3601
    Email: sam.connatty@capgemini.com

    Capgemini announces leadership appointments

    • Anirban Bose becomes CEO of the Americas Strategic Business Unit
    • Kartik Ramakrishnan becomes CEO of the Financial Services Strategic Business Unit
    • Jerome Simeon will take on the role of Chief Revenue Officer
    • Franck Greverie will become Chief Technology Officer

    Paris, October 23, 2024 – Capgemini today announced some key leadership appointments. Anirban Bose succeeds Jim Bailey as CEO of the Americas Strategic Business Unit, effective November 1. Consecutively, Kartik Ramakrishnan is appointed CEO of the Financial Services Strategic Business Unit. Jerome Simeon will become Chief Revenue Officer and Franck Greverie Chief Technology Officer, both from January 1, 2025. Following an outstanding 34-year long career at Capgemini, Olivier Sevillia, Chief Operating Officer, has decided to pursue new endeavors as an individual, and will leave the Group at the end of 2024. With his deep global experience and passion for digital transformation, Olivier will focus on promoting the techno-business ecosystem of European companies to help improve their competitiveness. The whole Capgemini team is looking forward to supporting Olivier in his next chapter.

    “These appointments strengthen the Group’s growth ambition and reinforce Capgemini’s role as the go to business and technology partner for our clients. Anirban Bose has been at the helm of our Financial Services division for the last six years and instrumental in building and shaping this business across the globe. Anirban is well positioned to accelerate our trajectory in the Americas, building on our progress in the region over the past 4 years under the leadership of Jim Bailey. I would like to thank Jim for his many contributions to Capgemini. Kartik Ramakrishnan, who has been running the Banking sector for the past six years, is Anirban’s natural successor, to ensure the global business will continue to go from strength to strength,” comments Aiman Ezzat, CEO of the Capgemini Group. “To bolster our laser focus on growth, Jerome Simeon will take on a new position of Chief Revenue Officer for the Group in the new year. His role will encompass our activities across sales, key clients and industries to bring even greater value to our clients as we accompany them on their business-critical transformations. Franck Greverie will add Chief Technology Officer to his scope of responsibility, also from January 1. His deep tech expertise and forward-thinking approach will accelerate our efforts to build innovative value creating solutions for our clients. I wish Anirban, Kartik, Jerome and Franck every success in their new roles.”

    Aiman Ezzat continues, “After an outstanding 34-year long career at Capgemini and an impressive track record in leading and operating strategic businesses across the Group, Olivier Sevillia will step down as Group COO at the end of 2024. We are all looking forward to supporting Olivier in his new endeavors as an individual, focused on applying his extensive experience in digital transformation to promote a rich techno-business ecosystem to help improve the competitiveness of European businesses. The board of directors joins me in thanking him and paying tribute to his commitment and service.”

    Biography: Anirban Bose

    Anirban was Head of Capgemini’s Financial Services Strategic Business Unit and a member of the Group Executive Board from 2018. He was also responsible for overseeing the Asia Pacific Strategic Business Unit.

    Prior to this, Anirban was the Head of Capgemini’s Banking and Capital Markets Business Unit.

    Between 2007 and 2015 Anirban led Capgemini’s Banking Business Unit. From 2004 to 2007, Anirban served as executive vice president at Kanbay before its 2007 acquisition by Capgemini.

    Anirban resides in New York. He graduated from the Indian Institute of Technology of Varasani with a Bachelor of Technology. He holds an MBA in Finance from the University of Chicago.

    Biography: Kartik Ramakrishnan

    Kartik was the Deputy CEO of Capgemini’s Financial Services Strategic Business Unit and also led Capgemini’s Banking and Capitals Markets business. Kartik has been a member of the Group Executive Committee since 2023.

    Prior to this, Kartik was responsible for managing sales teams across banking and capital markets.

    Kartik has spent over 25 years consulting in the banking and payments industry. Over his career, he has been involved in launching new products and developing innovative, cost-effective solutions for financial services firms across the globe in countries such as Australia, Canada, Germany, India, Singapore, United Kingdom and United States of America.

    Kartik has a bachelor’s degree from the Indian Institute of Technology and a master’s degree from the Booth School of Business at University of Chicago.

    Biography: Jerome Simeon

    Jerome became the Head of Global Industries in 2023. He has been a Member of the Group Executive Board since 2021.

    Prior to this, he was the CEO of the Southern Europe Strategic Business Unit. From 2018 to 2020, Jerome was Managing Director of Capgemini in France, when he also joined the Group Executive Committee.

    From 2014, he was CEO, Application Services France after serving as Commercial Director (from 2012 to 2014).

    Prior to this, from 2007 to 2010, he held commercial positions in Capgemini’s Telecom & Media business after managing the development and sales for the Property & Services Europe sector of BT Global Services for two years.

    Jerome joined Capgemini in 1998, after eight years with the group Générale des Eaux/Vivendi. Jerome graduated from Toulouse Business School.

    Biography: Franck Greverie

    Franck Greverie has been the Chief Portfolio Officer at Capgemini since 2018.

    Franck has been on the Group Executive Board since 2020, when he took on additional responsibilities overseeing Cloud Infrastructure Services (cloud & cybersecurity), Business Services and Insights & Data (Data & AI) Global Business Lines.

    Prior to this, from 2016, Franck led the Cloud & Cybersecurity activities of Capgemini. He joined Capgemini in 2015 as Head of the Cybersecurity Global Service Line.

    Between 2012 and 2015, Franck was an Executive VP at Bull, where he was in charge of the Security Division, and also led the Middle East, Africa and Asia activities.

    Prior to that, Franck was the Managing Director of the Information Systems Security and Cybersecurity activities for Thales Group (France, UK, Germany, Norway, USA, Asia) since 2018. His career with Thales began in 2004, as Head of Strategy, Business Development and Marketing for the Security activity.

    Franck is a graduate of ESME, engineering school, and of the Executive MBA of ESSEC Business School.

    Note to Editors
    High-resolution photography of Anirban Bose, Kartik Ramakrishnan, Jerome Simeon and Franck Greverie is available on request.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organisations to accelerate their dual transition to a digital and sustainable world while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fuelled by its market-leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.
    Get the future you want | http://www.capgemini.com

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    The MIL Network

  • MIL-OSI China: ​Maritime Silk Road festival opens in Guangzhou

    Source: China State Council Information Office 3

    The Maritime Silk Road Cultural and Tourism Week launched in Guangzhou’s Yuexiu district on Oct. 16, offering residents and tourists an array of cultural activities.

    Dancers perform during the Maritime Silk Road Cultural and Tourism Week opening ceremony in Guangzhou, Oct. 16, 2024. [Photo/China.org.cn] 

    The event showcased Guangzhou’s 2,000-year history of cultural and commercial development through Maritime Silk Road-themed performances, exhibitions and trade activities. Visitors experienced traditional dances, opera performances, magic shows and cultural displays at various exhibitions and unique stalls.

    A digital exhibition on Guangzhou’s history featured modern technology, including foldable LED screens, AI photography and 3D cabinets for digital cultural artifacts, creating an immersive experience for visitors.

    Visitors browse ornaments at a market stall during the Maritime Silk Road Cultural and Tourism Week in Guangzhou, Oct. 16, 2024. [Photo/China.org.cn] 

    Master craftspeople were invited to the event, creating a number of traditional artworks featuring ships. In addition, Guangzhou-style clocks and local violin-making techniques, among other intangible cultural heritages, were also showcased at the event.

    MIL OSI China News

  • MIL-OSI Security: COMLOG WESTPAC Holds Award Ceremony, October 3, 2024 [Image 2 of 4]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (October 3, 2024) Rear Adm. Todd Cimicata, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC), left, presents a Navy/Marine Corps Achievement Medal to Aviation Boatswain’s Mate (Fuel) 1st Class John Zhu, assigned to COMLOG WESTPAC, during an awards ceremony on Sembawang Naval Installation (SNI), Oct. 3, 2024. COMLOG WESTPAC supports deployed surface units and aircraft carriers, along with regional Allies and partners, to facilitate patrols in the South China Sea, participation in naval exercises and responses to natural disasters. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 10.02.2024
    Date Posted: 10.09.2024 02:07
    Photo ID: 8686906
    VIRIN: 241003-N-ED646-1064
    Resolution: 7538×5025
    Size: 7.89 MB
    Location: SG

    Web Views: 2
    Downloads: 1

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: The Honorable Ms. Laura L. Updegrove Visits COMLOGWESTPAC, October 16, 2024 [Image 1 of 4]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (October 16, 2024) Ms. Laura L. Updegrove, U.S. Deputy Assistant Secretary of Defense for South and Southeast Asia, signs a guest book during a scheduled visit to Commander, Logistics Group Western Pacific/Task Force 73 (COMLOGWESTPAC/CTF 73), Oct. 16, 2024. COMLOGWESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 10.15.2024
    Date Posted: 10.23.2024 03:42
    Photo ID: 8713176
    VIRIN: 241016-N-ED646-1028
    Resolution: 7170×4780
    Size: 6.25 MB
    Location: SG

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: The Honorable Ms. Laura L. Updegrove Visits COMLOGWESTPAC, October 16, 2024 [Image 2 of 4]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (October 16, 2024) Rear Adm. Todd Cimicata, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOGWESTPAC/CTF 73), right, and Ms. Laura L. Updegrove, U.S. Deputy Assistant Secretary of Defense for South and Southeast Asia, pose for a photo during a scheduled visit to Sembawang Naval Installation (SNI), Oct. 16, 2024. COMLOGWESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 10.15.2024
    Date Posted: 10.23.2024 03:42
    Photo ID: 8713177
    VIRIN: 241016-N-ED646-1022
    Resolution: 7035×5025
    Size: 6.79 MB
    Location: SG

    Web Views: 3
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI: Despite overwhelming hype, Jabra research finds only 26% of office workers use AI in daily work

    Source: GlobeNewswire (MIL-OSI)

    • Workplaces believe in the power of AI, with 84% of leaders saying AI can enhance work, but 82% are unprepared for integration of the tech into the workplace
    • 90% of knowledge workers wouldn’t trust AI for tasks that require human judgement or creativity
    • Workers are equally not using AI in their personal lives, with only 26% reporting regular use

    LOWELL, Mass., Oct. 23, 2024 (GLOBE NEWSWIRE) — Jabra, a global leader in enterprise audio and video solutions, released a new report, Great ExpectAItions – Work in the Age of AI, which reveals that while many business decision-makers (84%) express high levels of trust in AI, very few office workers (26%) are using it in their daily roles due to a variety of perceived challenges. This disconnect suggests that even though leadership is optimistic about AI’s potential, they may yet lack the necessary vision or skills to effectively implement it across the workforce.

    The study, conducted among 1,800 AI decision makers surveyed across 6 countries and 4,200 employees from 14 countries, highlights that despite strong enthusiasm for AI, there is a clear disconnect between trust in the technology and its actual use in the workplace. While 85% of decision-makers express high interest in AI, the vast majority (82%) acknowledge they need to better understand how AI can improve workplace efficiency.

    Additionally, although 54% of employees believe AI can improve their work and 54% feel confident in their ability to collaborate successfully with AI, there’s still a significant gap in actual adoption in regular use at work. Jabra’s data found this appears due to several perceived challenges and demographic considerations:

    • 90% of employees wouldn’t trust AI for tasks that require creativity and innovation. This reluctance isn’t just about trust, it’s also about the satisfaction that comes from being personally involved in these more meaningful tasks.
    • There’s a clear generational divide in AI adoption, with 47% of Millennials and 37% of Gen Z indicating they feel positive about AI versus only 15% of Boomers. Adoption wise, 28% of Millennials and Gen Z use AI day to day at work, versus just 15% of Boomers.
    • AI decision-makers are relatively young – 58% are between the ages of 18 and 39 – and 71% are not from the IT department.

    Paul Sephton, Head of Brand Communications at Jabra, said: “We see many organizations eager to jump on the AI wave, but some are still dancing in the dark when it comes to effective implementation and meaningful use. As tools rapidly shift toward voice-driven input rather than text alone, it’s crucial for organizations to recognize how this evolution will change our interactions with AI and enhance productivity.”

    “To avoid what we call ‘AI-washing’ – simply jumping on the AI bandwagon – organizations must carefully evaluate the productivity gains that AI can offer and actively involve their employees in this journey. At Jabra, we believe in harnessing the power of AI not just to enhance productivity, but to foster a more connected and capable workforce, driving innovation and collaboration at every level.”

    Read more and download full report here:

    https://www.jabra.com/thought-leadership/ai-at-work

    Note to Editors
    The Great ExpectAItions – Work in the Age of AI Report leveraged two quantitative surveys conducted in August 2024. The first surveyed 1800 AI decision-makers from six countries (300 per country) – USA, UK, France, Germany, Japan and India. The second surveyed 4200 knowledge workers from 14 countries (300 per country) – USA, UK, France, Germany, Poland, UAE, Italy, the Netherlands, Spain, Japan, India, Singapore, Australia and Hong Kong.

    PR contact
    Hayley Minardi
    Manager, PR & Communications, Jabra
    hminardi@jabra.com

    About Jabra

    Jabra is a world leading brand in audio, video and collaboration solutions – engineered to empower consumers and businesses. Proudly part of GN Group, we are committed to bringing people closer to one another and to what is important to them. Jabra engineering excellence leads the way, building on over 150 years of pioneering work within GN. This allows us to create integrated tools for contact centers, offices, and collaboration to help professionals work more productively from anywhere; and true wireless headphones and earbuds that let consumers better enjoy calls, music, and media. http://www.jabra.com

    Founded in 1869, GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO). GN’s solutions are sold in 100 countries across the world. Visit our homepage GN.com or connect with us on LinkedIn, Facebook, and X.

    © 2024 GN Audio A/S. All rights reserved. Jabra® is a registered trademark of GN Audio A/S. All other trademarks included herein are the property of their respective owners (design and specifications are subject to change without notice).

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70547059-e2bb-4ea5-866f-e1e9f844fb5b

    The MIL Network

  • MIL-OSI: Exclusive Markets’ Mr. Lambros Lambrou Honoured with ‘Top 50 Financial Markets CEO Awards 2024’ in Dubai

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 23, 2024 (GLOBE NEWSWIRE) — Exclusive Markets proudly announces that Mr. Lambros Lambrou, CEO of the esteemed organization, has been awarded the prestigiousTop 50 Financial Markets CEO Awards’ at the Middle East Financial Markets Awards Ceremony Dubai 2024 – 2ndEdition. This award is not only a testament to his exceptional leadership, visionary approach, and significant contributions to the financial sector but also highlights his dedication to excellence and his role in driving the success and growth of Exclusive Markets.

    Lambros Lambrou leads Exclusive Markets, guiding the firm through dynamic market landscapes and ensuring sustained growth. His strategic vision has been instrumental in positioning Exclusive Markets as one of the top players in the global trading sector. Under his leadership, the firm has expanded its portfolio and consistently delivered exceptional value to its clients.

    On receiving the award, Lambros Lambrou expressed his gratitude for the recognition, saying, “I am deeply honoured. It reflects the collective efforts of the entire team at Exclusive Markets. Together, we have strived to create an environment that fosters innovation, integrity, and excellence. This award inspires us to continue our journey towards setting new standards in the industry.”

    This marks the relentless commitment to excellence of Lambros Lambrou. His innovative strategies and client centric approach have set new benchmarks in the industry. The leadership in Exclusive Markets is characterized by a deep understanding of market dynamics, a keen eye for emerging trends, and a passion for nurturing talent within the organization.

    About Exclusive Markets

    Exclusive Markets is committed to delivering a robust, secure, and transparent platform for investors in various financial instruments. With a strong emphasis on advanced technology and ISO/IEC 27001:2013 Certification from MSECB, Exclusive Markets provides traders with an outstanding platform that seamlessly blends advanced features with user-friendly interfaces.

    Traders can explore a diverse selection of trading instruments, including CFD stocks, commodities, currencies, and spot metals. The company’s expert team is dedicated to meeting the evolving demands of clients by broadening the array of products and services, enabling traders to invest according to their unique preferences.

    Risk Warning: Trading involves risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25d6ff93-af6f-4d51-b584-4e27a0ed10ed

    The MIL Network