NewzIntel.com

Category: Machine Learning

  • MIL-OSI USA: Senate Rules Subcommittee on Homeowners Associations to Hold Second Hearing

    Source: US State of Georgia

    ATLANTA (October 18, 2024) — On Tuesday, October 22nd at 9:00 a.m., the Senate Subcommittee on Homeowners Associations, chaired by Senate Rules Chairman Matt Brass (R–Newnan), will hold its second hearing.

    EVENT DETAILS:                      

    • Date: Tuesday, October 22, 2024
    • Time: 9:00 a.m.
    • Location: 450 State Capitol, 18 Capitol Square SW, Atlanta, GA, 30334 State Capitol
    • Open to the Public: The event is open to the public. The committee meeting will be live-streamed on the Senate website here.

    ABOUT THE COMMITTEE:         

    The committee’s goal is to discuss the role of HOAs in Georgia communities by analyzing their current compliance with state law. The members will also review best and worst practices and the role of HOAs in regard to Georgians’ constitutional rights.

    MEDIA OPPORTUNITIES:

    We kindly request members of the media to confirm their attendance in advance by contacting Jantz Womack at SenatePressInquiries@senate.ga.gov.

    # # # #

    Sen. Matt Brass serves as Chairman of the Senate Committee on Rules. Sen. Brass represents the 28th Senate District, which includes Coweta and Heard, as well as parts of Douglas and Fulton County. He can be reached by email at matt.brass@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI Australia: Have your say on improving family safety for Aboriginal and Torres Strait Islander women and children

    Source: Australian Department for Social Services

    18 October 2024

    Public consultation is now open to inform the development of the first National Aboriginal and Torres Strait Islander Family Safety Plan (Family Safety Plan).

    We are working in partnership with the First Nations National Plan Steering Committee and SNAICC – National Voice for our Children in seeking the perspectives of Aboriginal and Torres Strait Islander people, community members and organisations, and the broader service sector to help address the rates of gender-based violence in communities.

    Optional questions to guide the submissions are solutions-focused to ensure that First Nations voices are front and centre of our national policy. The questions include:

    1. What are the key priorities and actions the Family Safety Plan should focus on to create real and sustainable change for Aboriginal and Torres Strait Islander families?
    2. If there were no barriers, how would your community address family, domestic and sexual violence?
    3. What does culturally appropriate and holistic service provision look and feel like?
    4. How can governments and mainstream services best support Aboriginal and Torres Strait Islander people (including workforce and clients), services and salutation?
    5. How should the service system respond to the intersectional needs of Aboriginal and Torres Strait Islander people and communities?

    The development of the Family Safety Plan builds on previous engagement to inform the Aboriginal and Torres Strait Islander Action Plan 2023-2025, released in August 2023.

    Consultation is closing soon on 25 October at 11:59 pm, AEDT (Australian Eastern Daylight Saving Time).

    To share your views and experience, you can also upload a written or audio submission

    More information

    Visit http://www.dss.gov.au/ending-violence for more information about the National Plan to End Violence against Women and Children 2022-2032 and Aboriginal and Torres Strait Islander Action Plan 2023-2025.

    Feeling worried or no good? 13YARN (13 92 76) offers a safe space to yarn, without shame or judgement. Speak to a 13YARN Crisis Supporter 24 hours a day, 7 days a week.

    If you or someone you know is experiencing, or at risk of experiencing, domestic, family or sexual violence, call 1800 737 732, text 0458 737 732 or visit http://www.1800RESPECT.org.au for online chat and video call services. This service is free, confidential and available 24 hours a day.

    If you are concerned about your behaviour, call the Men’s Referral Service on 1300 766 491 or visit http://www.ntv.org.au/get-help for judgement-free support

    Last updated:

    MIL OSI News –

  • MIL-OSI USA: NASA Selects Crew for 45-Day Simulated Mars Mission in Houston

    Source: NASA

    NASA selected a crew of four research volunteers to participate in its last simulated mission to Mars in 2024 within a habitat at the agency’s Johnson Space Center in Houston.
    Obaid Alsuwaidi, Kristen Magas, Tiffany Snyder, and Anderson Wilder will step into the 650-square-foot HERA (Human Exploration Research Analog) facility on Friday, Nov. 1. Once inside, the team will live and work like astronauts for 45 days. The crew will exit the facility on Monday, Dec. 16, after simulating their return to Earth. Jordan Hundley and Robert Wilson also were named as alternate crew members.
    Scientists use HERA studies to examine how crew members adapt to isolation, confinement, and remote conditions before NASA sends astronauts on deep space missions to the Moon, Mars, and beyond. The studies provide data about human health and performance in an enclosed environment over time with crews facing different challenges and tasks.
    The four volunteers will carry out scientific research and operational tasks throughout their simulated mission, including raising shrimp, growing vegetables, and “walking” on the surface of Mars using virtual reality. They will also experience communication delays lasting up to five minutes as they “near” Mars, allowing researchers to see how crews may respond to the type of delays astronauts will encounter in deep space. Astronauts traveling to the Red Planet may encounter one-way communication delays lasting as long as 20 minutes.
    As with the previous HERA missions, crew members will conduct 18 human health studies during the mission through NASA’s Human Research Program. Collectively, the work helps scientists understand how a spaceflight-like environment contributes to the physiological, behavioral, and psychological health of crew members. Insights gleaned from the studies will allow researchers to develop and test strategies aimed at helping astronauts overcome obstacles on deep space missions.

    Primary Crew

    Obaid Alsuwaidi
    Obaid Alsuwaidi serves as captain engineer for the United Arab Emirates’ (UAE) Ministry of Defense. In this role, he provides guidance in civil and marine engineering and addresses challenges facing the organization. Previously, Alsuwaidi worked as a project manager for the defense ministry, helping to streamline productivity, establish high standards of professionalism, and build a team of experts to serve the UAE’s needs.
    Alsuwaidi earned a bachelor’s degree in Engineering from Western Sydney University in Australia, followed by a master’s degree in Civil and Environmental Engineering from George Washington University in Washington.
    In his free time, Alsuwaidi enjoys horseback riding, swimming, and running.
    Kristen Magas
    Kristen Magas is an educator and engineer, currently teaching at Tri-County Regional Vocational Technical High School in Franklin, Massachusetts. She also mentors students involved in a NASA design and prototyping program, helping them develop and fabricate products to improve life in space on both International Space Station and Artemis missions. Magas was a finalist for the 2025 Massachusetts State Teacher of the Year.
    Magas received bachelor’s and master’s degrees in Civil and Environmental Engineering from Cornell University in Ithaca, New York. She also holds a master’s degree in Vocational Education from Westfield State University in Massachusetts. She has worked as a community college professor as well as a design engineer in municipal water and wastewater treatment.
    In her spare time, Magas enjoys coaching robotics and track and field, hiking, biking, and staying connected with her community. She has two children and resides in North Attleboro, Massachusetts with her husband of 25 years.
    Tiffany Snyder 
    Tiffany Snyder is a supervisor for the Cybersecurity Mission Integration Office at NASA, helping to ensure agency missions are shielded against cybersecurity threats. She has more than 20 years of information technology and cybersecurity experience, working with the Air National Guard and as a special agent with the Defense Counterintelligence Security Agency. She joined NASA in 2018 as an IT specialist, and later served as the deputy chief information security officer at NASA’s Kennedy Space Center in Florida, providing cybersecurity oversight.
    Snyder holds a bachelor’s degree in Earth Science from the State University of New York at Buffalo and a master’s degree in Digital Forensics from the University of Central Florida in Orlando.
    In her spare time, she enjoys playing with her dogs — Artemis and Apollo, gardening, running, and visiting the beach with her family.
    Anderson Wilder
    Anderson Wilder is a Florida Institute of Technology graduate student working on his doctorate in Psychology. His research focuses on team resiliency and human-machine interactions. He also works in the campus’s neuroscience lab, investigating how spaceflight contributes to neurobehavioral changes in astronauts.
    Wilder previously served as an executive officer and engineer for an analog mission at the Mars Desert Research Station in Utah. There, he performed studies related to crew social dynamics, plant growth, and geology.
    Wilder received his bachelor’s degrees in Linguistics and in Psychology from Ohio State University in Columbus. He also holds master’s degrees in Space Studies from International Space University in Strasbourg, France, and in Aviation Human Factors from the Florida Institute of Technology. He is completing another master’s degree in Cognitive Experimental Psychology at Cleveland State University in Ohio.
    Outside of school, Wilder works as a parabolic flight coach, teaching people how to fly in reduced gravity environments. He also enjoys chess, reading, video games, skydiving, and scuba diving. On a recent dive, he explored a submerged section of the Great Wall of China.

    Alternate Crew

    Jordan Hundley
    Jordan Hundley is a senior consultant at a professional services firm, offering federal agencies technical and programmatic support. Prior to his current position, he focused on U.S. Department of Defense clients, performing model-based system engineering and serving as a subject matter expert for related operations.
    Hundley was commissioned into the U.S. Air Force through the Reserve Officers’ Training Corps program at the University of Central Florida in Orlando. While on active duty, he served as an intercontinental ballistic missile operations officer. He later joined the U.S. Air Force Reserve. Currently, he is a space operations officer with experience in space battle management and electromagnetic warfare.
    Hundley earned a master’s degree in Engineering Management from Embry-Riddle Aeronautical University in Daytona Beach, Florida. He is currently pursuing a second master’s degree in Systems Engineering at the university.
    Hundley holds a private pilot license and is a certified rescue diver. In his spare time, he enjoys hiking and camping, researching theology, and learning musical instruments.
    Robert Wilson
    Robert Wilson is a senior researcher and project manager at the Johns Hopkins University Applied Physics Laboratory in Laurel, Maryland. He leads work enhancing human-machine collaborations, developing human prediction models, and integrating that technology into virtual reality and robotic systems designed to operate in isolated, constrained, and extreme environments. His human-machine teaming expertise also extends into responsible artificial intelligence development. He recently participated in a United Nations Roundtable discussion about artificial intelligence in security and defense.
    Wilson received his bachelor’s and master’s degrees in Biomedical Engineering from Purdue University in 2013 and 2015, respectively. He earned his doctorate in Mechanical Engineering from the University of Colorado Boulder in 2020.
    Outside of work, Wilson is an avid outdoors enthusiast. He enjoys scuba diving, winter camping, backcountry skiing, and hiking through the woods or mountains throughout the year. At home, he also likes to tinker in computer networking and self-hosted systems.
    ____
    NASA’s Human Research Program pursues the best methods and technologies to support safe, productive human space travel. Through science conducted in laboratories, ground-based analogs, commercial missions, and the International Space Station, the program scrutinizes how spaceflight affects human bodies and behaviors. Such research continues to drive NASA’s mission to innovate ways that keep astronauts healthy and mission-ready as human space exploration expands to the Moon, Mars, and beyond.
    For more information about human research at NASA, visit:
    https://www.nasa.gov/hrp

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Talk to help navigate the new AI-powered world

    Source: Anglia Ruskin University

    Published: 18 October 2024 at 15:51

    Chelmsford Science Festival event aims to help us make sense of rapid changes

    Artificial intelligence (AI) is rapidly changing the world we live in, and a talk at the Chelmsford Science Festival is aimed at helping people make sense of these rapid changes, and how they will affect them.

    During the talk at Anglia Ruskin University (ARU) on Thursday, 24 October, ARU expert Dr Chris Callaghan will discuss the benefits and drawbacks of a new world driven by AI, and how governments, financial markets and society will need to adapt.

    In the interactive talk he will highlight some of his unique findings from work in leading journals, especially his recent focus on AI and technological change and its profound societal impacts. 

    Dr Callaghan will draw on research published in European Management Review, where it is argued that in the face of the climate emergency and other existential threats, academic fields need to work together more closely.

    He will discuss how AI allows different areas of academia such as biology, physics and economics, which previously had operated in silos, to complement each other and work together to create rapid changes in the way we live and work.

    Dr Callaghan, Senior Lecturer in the School of Management at Anglia Ruskin University (ARU), said:

    “AI is new to us and there have been dire warnings about how it will replace jobs or create extreme unwanted consequences like overtaking human intelligence and causing an existential threat to our existence. 

    “The truth is AI has potential to be all-encompassing, cutting across all scientific disciplines and completely changing how we live. As a result, there will be some negatives but also lots of positives, and just like the way we live today, there will be winners and losers.

    “No one area of science ‘owns’ AI and that is potentially very exciting because experts from all different areas of science will be able to collaborate more freely, potentially driving significant, rapid improvements to how we live.

    “These changes are happening extremely fast and it can be overwhelming for people. This talk will explain what is happening, and how we can navigate the rapid changes coming our way.

    “We need to be proactive and ensure our voices are heard, so that we can have some input into a future that is unfolding right now.”

    The talk will take place at Anglia Ruskin University’s Chelmsford campus at 6.30pm on Thursday, 24 October. Places are free but must be booked in advance. Visit https://www.eventbrite.co.uk/e/navigating-the-tech-revolution-understanding-ais-impact-on-our-future-tickets-1027113814067 to book.

    MIL OSI United Kingdom –

  • MIL-OSI: LambdaTest Unveils Espresso 101 Certification to Enhance Android App Testing Skills Globally

    Source: GlobeNewswire (MIL-OSI)

    Noida / San Francisco, Oct. 18, 2024 (GLOBE NEWSWIRE) — LambdaTest, a leading cloud-based unified testing platform, has recently launched the Espresso 101 Certification to help developers validate their mobile application testing skills using Espresso, one of the popular testing frameworks for Android applications. This certification is designed to equip developers, testers, and quality assurance professionals with the necessary knowledge and skills to conduct efficient testing of Android applications in real-world scenarios.

    The Espresso 101 Certification offers a comprehensive practical experience that covers all aspects of mobile app testing using Espresso, from setting up the testing environment to writing robust test cases for Android applications. Users will gain a deep understanding of mobile test automation best practices through hands-on training, which includes step-by-step tutorials and real-world use cases to ensure they can effectively implement the Espresso framework in their work. Upon successful completion of the certification exam, users will receive a globally recognized certification, enhancing their professional credentials and showcasing their expertise in Android app testing.

    “As mobile applications for Android continue to dominate the software industry, the need for proficient mobile app testers is more critical than ever. The Espresso 101 Certification is part of LambdaTest’s ongoing commitment to help the global developer and testing community with the necessary tools to stay competitive in this evolving field,” said Asad Khan, CEO and Co-Founder of LambdaTest. “With this certification, we aim to bridge the skill gap and empower professionals to deliver high-quality Android applications more efficiently.“

    For more information on the Espresso 101 Certification, please visit: https://www.lambdatest.com/certifications/espresso-101

    About LambdaTest

    LambdaTest is an intelligent and omnichannel software quality assurance platform that enables businesses to accelerate time to market through AI-powered cloud-based test authoring, orchestration, and execution. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.

    • Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 5000+ different browsers, real devices, and operating system environments.

    • HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to reduce quality test time, helping developers build software faster.

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

    The MIL Network –

  • MIL-OSI: Andes Announces the AndesCore™ AX66 supporting RVA23, Multi-cluster, Hypervisor and Android

    Source: GlobeNewswire (MIL-OSI)

    Hsinchu, Taiwan, Oct. 18, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, today announces the AndesCore™ AX66 out-of-order superscalar multicore processor IP supporting the RVA23 profile. The AX66 is the 2nd member of the high-performance out-of-order AX60 series. Built on the success of the AX65 with the same 13-stage pipeline, 4-wide decode, and 8-wide out-of-order execution, the AX66 introduces many new features, including Vector and Vector Crypto support, Hypervisor and AIA, Multi-Cluster support with CHI, and RVA23 profile support. AX66’s versatile capabilities on performance scalability, multimedia, security, and virtualization makes it an ideal main processor in high-performance Linux and Android applications such as edge/data center AI, infotainment, networking, and vision/camera applications.

    The AX66 boosts the SpecInt2006 performance over the 1st generation AX65 by more than 15%. Each core has 64KB private L1 instruction and data caches and up to 1MB private L2 cache, and each cluster contains up to 8 cores and a shared L3 cache up to 32MB. Besides the IO coherence interface already in the AX65, the AX66 adds a Coherence Hub Interface (CHI) for multi-cluster coherence. With the CHI interface support, we can use much more AX66 CPUs to work together in the same cache-coherent domain.  Together with the Hypervisor, AIA and optional IOMMU technologies, the AX66 can fully virtualize the entire multi-cluster CPU subsystem for resource sharing and security. Moreover, the AX66 supports the RISC-V standard external debug and instruction trace interfaces to facilitate fast system development, analysis and debugging.

    “We are excited to announce our 2nd member of the top-of-the-line AX60 series, to further expand our portfolio,” said Dr. Charlie Su, President and CTO of Andes Technology. “We have added numerous features to the AX66, enabling its usage across a wide range of applications. With the RVV support, the AX66 can now handle more advanced AI/ML and multimedia applications. The inclusion of the Vector Crypto extension and the optional IOMMU provides the security capability for a modern day platform system. Additionally, the Hypervisor, AIA, CHI interface support make the AX66 suitable for the data center network applications such as Smart NIC or Data Processing Unit(DPU), and edge servers or devices running containerized applications. The inclusion of the RVA23 profile allows the AX66 to run Android OS on wearables, POS terminals, digital signage, and TV set-top boxes. We anticipate the AX66 to further penetrate high-end mainstream markets.”

    The AndesCore™ AX66 is to be available for lead customers in Q4 2024 through the early access program and for general customers in 2025. For further information about the AX66 and the AX60 series processors, please contact Andes Technology.

    About Andes Technology

    Nineteen years in business and a Founding Premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, automotive and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion. For more information, please visit https://www.andestech.com . Follow Andes on LinkedIn, Twitter, Bilibili and YouTube!

    The MIL Network –

  • MIL-OSI Economics: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Economics –

  • MIL-OSI Banking: Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Source: GlobalData

    Intelligent automation primed for $47 billion revenue by 2030, driven by GenAI, says GlobalData

    Posted in Thematic Intelligence

    Intelligent automation goes beyond traditional automation systems by integrating artificial intelligence (AI) to manage more complex business processes. It drives innovation and creativity, making it essential for organizations looking to stay competitive in today’s market. The intelligent automation market is set to grow from $18 billion in 2023 to $47 billion in 2030, driven by advancements in AI, particularly the rapid adoption of generative AI (GenAI), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Thematic Intelligence: Intelligent Automation,” reveals that AI is now integrated across most facets of intelligent automation. This new era of automation goes beyond simple task execution, allowing systems to analyze data, make decisions, and learn from interactions. This boosts efficiency and fosters innovation, potentially leading to a future where software bots not only perform tasks but also drive strategic growth and creativity.

    Nicklas Nilsson, Consultant, Strategic Intelligence at GlobalData, comments: “Intelligent automation is transforming how businesses operate, not just enhancing efficiency but fundamentally reshaping processes through AI-driven innovation. As automation evolves into a strategic asset for organizations, it unlocks new areas of creativity and growth. Companies that embrace this transformation will be better positioned to navigate the demands of an ever-changing business landscape.”

    GenAI has emerged as a key driver in intelligent automation, expanding the scope of automatable tasks and empowering non-technical employees to create their own solutions. In the past year, every major player in the field added GenAI capabilities through integrations with well-known solutions like ChatGPT and the development of bespoke copilot tools, allowing businesses to speed up innovation and broaden access to automation.

    Nilsson continues: “GenAI’s ability to generate new, contextually relevant content from simple prompts has opened many possibilities. By democratizing access and empowering employees without technical expertise to craft solutions, it accelerates innovation and boosts productivity across organizations. However, it is essential that companies establish strong governance frameworks to ensure these tools are used securely and effectively.

    Despite its benefits, GenAI faces challenges related to governance, security, and compliance. As automation becomes more advanced, companies will need to implement stricter controls to protect sensitive data and ensure their systems comply with industry regulations.

    Nilsson concludes: “The future of intelligent automation will depend on a delicate balance between innovation and governance. As AI continues to evolve, businesses must ensure that their automation strategies are secure, compliant, and equipped to handle the complexity of modern business operations.”

    MIL OSI Global Banks –

  • MIL-OSI Economics: Huawei Globally Unveils Intelligent Campus 2030 White Paper

    Source: Huawei

    Headline: Huawei Globally Unveils Intelligent Campus 2030 White Paper

    [Dubai, UAE, October 16, 2024] During GITEX Global 2024, Huawei released the Intelligent Campus 2030 white paper for markets outside China at the forum Redefining Intelligent Campus with ICTs, Maximizing Enterprises’ Intelligent Productivity with Xinghe Intelligent Campus. This white paper envisions the future of the intelligent campus.
    David Shi, Vice President of Huawei’s ICT Marketing & Solution Sales Dept, delivered an opening speech at the forum. He highlighted that as digital technology advances, the intelligent connectivity of everything will become a reality, which will allow campuses to be fully digital and intelligent. He added that future campuses will become fully perceptible, collaborative, and constantly online smart buildings that are capable of self-learning, self-troubleshooting, and making decisions and executing them independently. “Huawei is committed to bringing digital to every campus for pervasive intelligence and has been deeply involved with intelligent campuses for many years. We have proposed to redefine campuses with ICTs and have leveraged the advantages of our product portfolios to reshape campus connectivity, platform, and business. Up to now, we have helped over 1000 customers worldwide build secure, green, digital, and intelligent campuses,” said David Shi.
    David Shi, Vice President of ICT Marketing & Solution Sales Dept, Huawei

    Eric He, CEO of Huawei Campus Team, said in his speech that revolutions in energy and information take us closer to the intelligent world, where campuses will play a crucial role. As Eric He explains, we have entered the stage of intelligent campus 2.0, which is 10 Gbps, digital, intelligent, and green. During this stage, campus networks will evolve from simply transmitting data to providing quality connections, campus platforms will move beyond integrating IoT to providing data intelligence, and extensive business management will be upgraded to low-carbon operations. “Relying on ICTs to redefine campuses, Huawei looks forward to working with customers and industry peers to innovate as well as envision and build intelligent campus 2030,” he said.
    Eric He, CEO of Huawei Campus Team

    Hawn Zhao, President of the Campus Network Domain, Data Communication Product Line, Huawei, introduced Huawei’s Xinghe Intelligent Campus Solution at the forum. As enterprises are witnessing a surge in the number of devices and video conferences, their digital and intelligent office requires improved network performance, security, experiences, and O&M. Huawei’s all-scenario Wi-Fi 7 products can strengthen signals by 100% and improve concurrency by 50%. In addition, Huawei’s application experience assurance solution ensures smooth video conferences and protects VIP services from being compromised, while the Wi-Fi Shield prevents data eavesdropping to ensure 100% network security.
    Helping Customers Advance Digital and Intelligent Transformation
    Ibrahim Al Kindi, IT Director of the Arab Authority for Agricultural Investment and Development (AAAID), shared AAAID’s experience in intelligent campus construction. AAAID and Huawei have collaborated to enhance its office experiences in five areas: seamless access, intelligent office conferences, full wireless network coverage, AI-based building control, and centralized IoT device access. Ibrahim Al Kindi stated that this is just the beginning of a new era of intelligent office, and AAAID will continue to explore the digital and intelligent transformation of the office field.
    Fahad Daghriri, Chief Information Officer of Technical and Vocational Training Corporation (TVTC) in Saudi Arabia, shared how TVTC built an intelligent campus network with the help of Huawei. This network allows for wide coverage, high performance, and efficient O&M, improving mobile office for teachers and studying for students. “Our collaboration aims to achieve a win-win situation, promote digital transformation, build a one-stop campus network, create a smart education platform, and lay a solid foundation for long-term development,” said Fahad Daghriri.
    Releasing the Intelligent Campus 2030 White Paper
    Huawei globally unveils the Intelligent Campus 2030 white paper

    The campus is a basic unit in the making of a city. It is the main place where people live and work. It acts as an important carrier to boost the digital economy, and a key point to realize green and low-carbon transformation. In recent years, the industry has conducted in-depth exploration and cultivated practices surrounding the intelligent campus. Huawei, along with industry experts and scholars, provides insights into its future in the Intelligent Campus 2030 white paper.
    Based on the insights into and practices of global intelligent campuses, this white paper proposes a far-sighted definition of future intelligent campus along with visions for its advancement. It outlines five trends that affect intelligent campus development, systematically depicts 10 typical future scenarios, and defines six key technical features of future intelligent campuses for the first time. Innovatively, the white paper proposes a unique reference architecture for the intelligent campus and 22 quantitative indicators to predict the prospects of intelligent campuses, guiding their implementation and construction.
    Click the link to read more about the white paper: https://www.huawei.com/en/giv/intelligent-campus-2030

    MIL OSI Economics –

  • MIL-OSI: Vienna Insurance Group Subscribes to Intermap’s Real Estate Solution

    Source: GlobeNewswire (MIL-OSI)

    Enhancing data transparency in the Czech real estate market

    Providing insurers with reliable and accurate property valuation for underwriting

    DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group, has subscribed to Intermap’s innovative solution for determining the market price of real estate properties.

    Intermap and its partner Dataligence recently launched a solution that combines Intermap’s data and analytics for underwriting, reinsurance and claims with Dataligence’s world-class pricing and real estate databases. ČPP, a long-term user of Intermap’s Aquarius RMA, is the newest major EU insurance group customer to adopt this innovative solution.

    This advanced property valuation process meets the growing demand for digitized property services in the Czech market, improving transparency in real estate data.

    By utilizing Intermap’s up-to-date flood and natural hazard maps within its Aquarius RMA software, alongside Dataligence’s extensive real estate data, this solution enables accurate online property valuation. It processes comprehensive databases of flood, natural hazard, and real estate information to streamline transactions, providing insurers with reliable and precise property valuations for underwriting purposes.

    “We chose this innovative solution because it will make it easier and more convenient for our clients to arrange insurance. At the same time, we see our partners as technology leaders whose data is accurate, robust and reliable,” said Michal Šimon, manager of non-life insurance at Česká podnikatelská pojišťovna.

    “We are always excited when we find new ways to use our world-class pricing and real estate datasets,” said Milan Roček, founder and CEO of Dataligence. “Last year, we made our innovative tools available to the general public through the http://www.hypox.cz app, and the continued integration of online pricing into insurance companies’ systems embodies our vision for modern insurance and real estate services, where clients don’t have to worry about anything, yet their assets are reliably protected.”

    “Intermap’s solutions for the insurance market use proprietary datasets that are integrated into insurance processes to provide insurers with comprehensive tools that can be used throughout a portfolio lifecycle,” said Patrick A. Blott, Intermap Chairman and CEO. “Our state-of-the-art software, analytics and data enable insurers to understand and underwrite natural hazard risks, then leverage data intelligence to actively manage and reinsure risk with attractive margins.”

    Intermap’s services are more important than ever. According to Resources for the Future, “the private residential flood insurance market in the United States is currently small relative to the NFIP. We estimate that private flood insurance accounts for roughly 3.5 to 4.5 percent of all primary residential flood policies currently purchased.” With historic flooding recently, this demonstrates the need for dramatic increase in coverage. CoreLogic “estimates Hurricane Helene industry insured loss at $10.5B – $17.5B. Uninsured losses are estimated at $20B – $30B.” Moody’s RMS Event Response estimates total U.S. private market insured losses from the recent Hurricanes Helene and Milton will likely range between US$35 billion and US$55 billion. This estimate is for insured losses associated with wind, storm surge, and precipitation-induced flooding from these events.”

    In Europe, the flood protection gap is 25%. Recent European Commission studies “show that insurance premiums written should at least be doubled to reach a harmonized level of penetration equal to 50%.” Intermap is uniquely positioned to meet this demand and address this need.

    To learn more about Intermap’s European solutions, visit intermap.com/european-solutions.

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

    About ČPP
    Česká podnikatelská pojišťovna (ČPP), a subsidiary of the Vienna Insurance Group, is a universal insurance company that offers its clients modern products and comprehensive insurance solutions in life and non-life insurance. The company operates through 6 regional headquarters, 100 branches and 220 offices throughout the Czech Republic. It has been operating on the Czech insurance market since 1995. Currently, ČPP manages 2.4 million contracts and its services are used by more than 1.3 million clients. ČPP is one of the Czech top five largest insurance companies.

    About Dataligence
    The investment group Trigema bought a majority stake in CenovaMapa.org in 2022, largest real estate data platform on the Czech market. The cooperation has already resulted in a new application for end customers, http://www.hypox.cz, as well as the development of existing Dataligence platforms. Over the past few years, Dataligence, with the help of consulting company Deloitte, has become the most important provider of online real estate valuation data in the Czech Republic. For more information, please visit http://www.dataligence.cz.

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

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

    Sean Peasgood
    Investor Relations
    Sean@SophicCapital.com
    +1 (647) 260-9266

    The MIL Network –

  • MIL-OSI Russia: “Active Citizens” have chosen the best city open-air swimming pools

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The Active Citizen project has summed up voting results, in which Muscovites chose the best open-air swimming pools in the capital. Over 250 thousand people shared their opinions.

    All summer long, city residents could sunbathe and swim in the pools opened this year at 10 city and 12 festival sites of the Moscow Seasons. Voters chose up to five of their favorite recreation areas.

    According to the survey results, the best city venue was the open-air swimming pool in Sokolniki Park, where up to 130 guests could relax at a time, and lifeguards and doctors monitored safety. 18 percent of users voted for it. The second place was taken by the pool in Izmailovsky Park, which received 13 percent of the votes. It was rated by 63,498 city residents. In third place, with a minimal gap of 1,084 votes, was Beach No. 2 in the Serebryany Bor recreation area. 13 percent of “active citizens” (62,414 people) voted for it.

    The swimming pool in the Teply Stan district was recognized as the best at the Moscow Seasons venues. 49,743 people (11 percent) voted for it. A slightly smaller number of votes — 48,088 (11 percent) — were for the pool on Michurinsky Prospekt. Third place goes to the swimming pool in the Veshnyaki district, for which 41,246 users (nine percent) voted.

    All the areas were equipped with comfortable sun loungers and umbrellas, spacious changing rooms, showers and toilets. The water temperature was constantly maintained at around 30 degrees, and the pools were cleaned after each session. The areas were equipped with medical posts and rescue towers. Some were equipped with children’s pools and jacuzzis. The pools were open to visitors from morning until evening, and worked according to a schedule – in four shifts.

    The vote was prepared by the capital’s Department of Culture, Department of Trade and Services, Department of territorial executive authoritiesand the Active Citizen project.

    Its results can be found here on the website or in the Active Citizen mobile app.

    Project “Active Citizen” has been operating since 2014. During this time, over seven million people have joined it, taking part in more than 6.6 thousand votes. Every month, 30-40 decisions made by Muscovites are implemented in the city. The project is being developed by the capital Department of Information Technology and the State Institution “New Management Technologies”. 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 can be found on a special page.

    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/145278073/

    MIL OSI Russia News –

  • MIL-OSI Video: Betazone: Keeping AI on Track

    Source: World Economic Forum (video statements)

    From bespoke gene editing to AI-powered healthcare, we are living in an age of breakthroughs propelled by advances in AI. What are the trade-offs societies and industries need to manage as AI adoption progresses?

    https://www.youtube.com/watch?v=RW-kwKEvpgI

    MIL OSI Video –

  • MIL-OSI: PlayVS and Omnic.AI Enter into Game-Changing Partnership to Elevate Esports Performance

    Source: GlobeNewswire (MIL-OSI)

    BRUNSWICK, Ga., Oct. 16, 2024 (GLOBE NEWSWIRE) — PlayVS, the leading esports platform in North America, today announced a strategic partnership with Omnic.AI, a self-service platform that helps players game smarter with AI. The collaboration is set to transform how gamers refine their skills and achieve greater success in competitive play. 

    As a global leader in esports player performance data and analytics, Omnic.AI uses AI and machine learning to gather insights and perform a detailed analysis of gameplay for users. Their flagship platform, Omnic Forge, analyzes gaming footage and provides players with feedback and statistics to improve their performance in titles including Valorant, Fortnite, Rocket League, Overwatch2 and soon Madden. The new partnership will bring this cutting-edge technology to PlayVS’ vast community of gamers at no cost to high school students, helping them gain a competitive edge in their scholastic leagues. 

    Through Omnic, Forge players can upload five matches at a time and receive two basic insights per match in a free account. They can also match with pro players who share their gaming style and receive detailed match analysis data. Fore Plus players can upload unlimited matches and receive deeper analysis and insights into their gameplay. PlayVS will also assist in the initial training of Omnic Forge AI through esports coaches that will consult on the platform’s insights.

    “We’re excited to collaborate with PlayVS to bring our gaming analysis capabilities to a broader audience,” said Shaun Meredith, Omnic.AI Co-founder and CEO. “This partnership aligns perfectly with our mission to help gamers improve their skills, win more games, and have fun.”

    PlayVS is committed to making esports more accessible to youth, while also providing students with valuable skill building opportunities in STEM and leadership. Through its partnership with Omnic.AI, PlayVS aims to enhance the player experience by helping them better understand their in-game performance and integrate real-time feedback. This approach not only improves their gameplay, but also equips them with transferable skills such as critical thinking, adaptability, and effective communication—skills that are essential both in and out of the game.

    “Teaming up with Omnic.AI represents a significant leap forward in how we support and develop young gamers,” said Jon Chapman, PlayVS CEO. “Their innovative technology will help our community refine their skills and stand out among other gamers, empowering them to continue to refine their craft and reach new heights in and out of the world of esports.” 

    This collaboration between PlayVS and Omnic.AI is set to redefine the future of competitive gaming for youth players. By offering advanced AI analytical tools and skill development resources, PlayVS ensures that students are equipped to excel in esports and gain valuable life skills that will serve them beyond the game. Together, PlayVS and Omnic.AI aim to empower the next generation of players to achieve their full potential.

    Students 13 years and older who are interested in using Omnic Forge can sign up here.

    About PlayVS

    PlayVS (pronounced Play Versus) is North America’s leading scholastic esports platform, on a mission to unlock the many benefits of esports for players everywhere. PlayVS offers a single community in which players, coaches, educators and parents come together to compete, connect and grow through the power of esports. PlayVS is the official high school esports partner to the NFHS Network, the Special Olympics and state and regional organizations in the U.S. and Canada that offer officially sanctioned scholastic esports leagues. To learn more about PlayVS, users can visit https://playvs.com/.

    About Omnic.AI

    Omnic.AI is an AI platform for gaming designed to help users game smarter. The self-service platform uses computer vision and deep learning techniques to help every-day gamers, pros and content creators replace hours of manual work, anecdotal theory, and intuition with automation and personalized data driven insights. Omnic.AI was founded in 2021 by MIT alumnus and former nuclear engineer Shaun Meredith.

    Contact

    Press
    Omnic.AI
    info@omnic.ai

    The MIL Network –

  • MIL-OSI: Phunware Issues Letter to Stockholders and Announces Business Update

    Source: GlobeNewswire (MIL-OSI)

    Phunware Announces Next Generation AI-Driven SaaS Platform

    Targets expansion into the Global Mobile App Market expected to exceed $420 Billion by 2028

    AUSTIN, Texas, Oct. 16, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or the “Company“), a leader in cloud enterprise solutions for mobile applications and related technologies, today issued a letter to stockholders from Mike Snavely, the Chief Executive Officer of Phunware, providing an update on Phunware’s existing and new business units and performance and achievements during 2024. The letter provides insight into Phunware’s transition to a new generative AI-based software development platform and several other new business initiatives, and its avenues for continued growth and success in 2025.

    Dear Fellow Stockholders:

    A letter to Stockholders is often written after the end of the year to reflect on successes and challenges and to share insights for the road ahead. However, the past few years have been anything but a normal path for Phunware and as I reflect on my first year as CEO, I felt the time was right to update you on 2024 and to share our vision for 2025 and beyond.

    Our primary focus is to create value for our stockholders. One key measure of that is our market capitalization which has varied from $12M late last year to a high of about $120M in the first quarter, settling at about $55M as of the writing of this letter. It’s certain that some of our stockholders’ positions have benefited from this price volatility and some have not. We acknowledge this by saying that we have always acted, and will continue to act, in what we see as the best long-term interests of our stockholders.

    Often, volatility drives opportunity, and over the months we have used the trading volume and price volatility to raise capital to stabilize the balance sheet and to provide the capital required to think bigger.

    This letter explains what we intend to do with that capital. We couldn’t be more optimistic about our future, and I want to briefly share what we have been doing to strengthen our core business, enhance our operations and right-size our cost structure in service of our strategic vision. More importantly, I am excited to highlight new initiatives we are launching. I believe these steps will help the market at large see why we believe we are a great investment and that our best days are ahead of us.

    I’ll remind you of our recent performance: so far this year, we have lowered our cash burn by more than half and have increased sales by two orders of magnitude in the first half of 2024 as compared to the same period in 2023.

      Six Months Ended  
        2024     2023   Change
    Bookings (contracts executed) $ 1,746   $ 168   939 %
    Revenue   1,932     2,640   -27 %
    Gross profit   994     610   63 %
    Net loss from:      
    Continuing operations   (4,923 )   (8,126 ) 39 %
    Discontinued operations     (2,667 ) 100 %
    Loss per share from:      
    Continuing operations   (0.65 )   (3.90 ) 83 %
    Discontinued operations     (1.28 ) 100 %
                 

    We believe our sales engine is just getting underway

    As we move toward the end of the year and into 2025, we continue to do the blocking and tackling to continue to sell and grow revenue. We have been able to recruit seasoned sales and marketing talent to help us get our message out to more customers and to win more deals. We are also announcing various initiatives to unlock additional markets and to position ourselves as the most advanced and highest potential company in mobile globally.

    Our Software Business continues to evolve to pick up new efficiencies and to unlock new markets

    Phunware is a market leader in providing enterprise cloud solutions for mobile applications. Our location-based services and patented wayfinding technology sets us apart from our competitors, providing real-time indoor navigation with unmatched precision and customization. Our technology for seamless transition from indoor wayfinding to outdoor location sharing and geofencing is best in class. Phunware is widely known for creating first rate custom mobile applications for large enterprise customers with complex needs to engage with their end users and to facilitate profitable engagements and experiences.

    Our software development platform for mobile applications is currently designed to create fully customizable apps and provide related services for larger enterprises. In the first half of 2024, we have seen dramatic growth (939% over the comparable period in 2023) in bookings. Our customers like what we do for them and notably we are getting terrific word of mouth references, accelerating our growth in major customers. Finally, we have added new features and functionalities to our existing products, including artificial intelligence features like an AI Personal Concierge for property guests and Intelligent Reporting for property owners.

    Leveraging the Power of Generative AI, our Platform Will Enable Rapid Development and Monetization of Custom Mobile App Solutions

    Today, we are announcing the development of a new generative AI-based platform designed to democratize access to world-class design, user experience and content creation so that businesses of any size can design, create, build, and deploy high-quality custom mobile applications in days or even hours. By leveraging generative AI, we believe that the new platform will simplify mobile app design and content creation and drastically reduce the need for expensive and time-consuming design and development investments.   

    This platform marks the next chapter in Phunware’s evolution, building on a decade and a half of providing custom mobile app solutions to several thousand U.S. and global customers, including some of the most recognized Fortune 100 & 500 brands.  

    The platform is designed to harness and integrate the power of generative AI to enable all businesses to quickly develop and monetize custom mobile app solutions, making them accessible to small and medium-sized businesses. We also expect to add new AI-related features and functionalities to all of Phunware’s mobile app offerings, reinforcing our position as a leader and innovator in the continually-growing mobile app market.  

    Phunware’s Competitive Advantages in a Multi-Billion Dollar Global Mobile App Market1
    Our planned incorporation of AI into our SaaS platform is driven by our view that consumer engagement with mobile-first solutions and artificial intelligence technology will continue to play a critical role across industries. Key competitive advantages of this platform will include:

    • AI-Driven Customization: Generative AI frameworks provide customizable templates for rapid mobile app creation, reducing development costs and accelerating time-to-market, and include important features and functionalities such as AI-powered personal concierge and contextual engagement.
    • End-to-End Modular Design: Our independent software modules, such as location-based services, digital advertising tools such as programmatic advertising and real-time data analytics support flexible audience building and engagement strategies. 
    • Advanced Location-Based Services (LBS): Our market leading indoor navigation and outdoor geofencing systems continue to offer even more precise geopositioning and collection of user data using a combination of GPS, Wi-Fi, BLE, and sensor data for customized on-venue user engagement in sectors such as hospitality, healthcare, retail, residential, sports and convention centers, gaming facilities and other verticals involving large real properties or portfolios of properties. 
    • Data Analytics: Our enhanced review and analysis of data of mobile app usage and user behaviors support assessment of intent and other metrics to drive user engagement, conversion and retention. 
    • Multi-Industry Capability: Our platform is designed to provide low- or no-code custom mobile apps across a range of sectors, from hospitality and healthcare to other verticals such as advocacy, retail and ecommerce in the U.S. and other leading economies including China, Brazil and India. 

    The adoption of our generative AI-powered SaaS platform is expected to benefit our existing customers and all industry verticals and create meaningful opportunities for accessing new markets. Our platform is designed to automate the development intake process, reduce development costs and time-to-market, and enable innovation and user engagement through AI. We are leading the way to make AI-powered mobile applications accessible to enterprise and small and medium business customers alike. 

    We expect our new AI-powered SaaS platform will launch mid-2025. We also expect to further integrate AI and machine learning capabilities into our new platform in 2025. We intend to integrate AI-driven predictive analytics into the platform by Q3 2025, providing businesses with advanced tools for analyzing customer data to predict future behaviors. We also expect the new platform to offer seamless integrations of its mobile apps with additional cloud service providers, ensuring modern scalability, flexibility, efficiency and security for businesses of all sizes.  

    Digital Advertising Business

    We also have a growing business in providing digital advertising campaigns for a range of customers.  We work with agencies and directly with our own customers, from public companies to non-profit organizations to governmental entities. We place general awareness, performance-based and retargeting advertising campaigns for our customers, enabling them to successfully reach their audiences and achieve their marketing objectives. We have provided digital advertising and related placements to hundreds of customer campaigns in 2024 to date and continue to see strong demand for these services.

    We plan to expand our digital advertising platform in several additional ways. We intend to relaunch our programmatic advertising capabilities into our core mobile platform. This will enable us to help our customers conduct more efficient, scalable digital advertising campaigns through our platform and through partnerships or alliances with one or more third-party programmatic advertising platforms. The integrated solution will be designed to utilize generative AI to help our customers personalize their digital advertising campaigns to individual users based on behavior, preferences and demographics to enhance user engagement and increase conversions. Finally, we intend to serve a global audience with these capabilities, tied to our mobile application portfolio growth.

    Voter / Advocacy Engagement Business

    We are also planning to invest in the application of our AI-powered platform to advocacy and voter engagement. You will recall that we developed and implemented the Donald J. Trump 2020 Presidential Campaign app, a highly regarded and well received voter / advocacy engagement app.

    We think this was just the tip of the iceberg. Every election cycle, candidates set new records in spending and we believe that our AI-powered platform can help make that spend more impactful. Further, we believe that it is more important than ever for Phunware to help political candidates and voters connect, engage and participate in the voting process, and for individuals and organizations to become knowledgeable about, educate others about, and advocate for events, causes and issues that are important to them. Our platform can help them do just that.

    We plan to continue to use our AI-powered platform to develop custom mobile apps for election campaigns, political action committees, and other organizations to identify, engage and turn out voters. Our mobile advertising solutions will be a part of driving voter engagement as well.   We may invest in and partner with other technology providers and organizations that use mobile technologies to drive voter and advocacy engagement. We will likely pursue these opportunities both in the U.S. and with strategic partners and alliances globally.

    Financial Strength

    Our spend has been adjusted to fit the size of our business today and to focus investment on the future. We believe that sober execution against our business plan is the right way to deliver long-term stockholder value and we are focused on the careful stewardship of the company to bring our vision to life.

    1. We have zero debt and believe we have adequate access to the necessary resources to support our investments and sustain our business as we invest in the evolution and growth of our company
    2. We have seen dramatic improvement to our year-to-date software and advertising business bookings which we believe demonstrates a growing demand for our software and advertising offerings
    3. We are judiciously investing in sales, engineering, AI, marketing and business development to fulfill our vision for the company’s future

    We have not said much in the markets recently. In retrospect, we’ve probably said too little. Moving ahead, we intend to continue to provide our stockholders with additional updates on our businesses and products from time to time. Our focus will remain on platform launch, product roadmaps and timelines; innovation; operational efficiency; building thought leadership; and inorganic growth, including tactical and strategic acquisitions, investments, partnerships and alliances. And we will endeavor to keep stockholders advised of significant occurrences every step of the way.

    I’ll end where I started…I believe Phunware’s best days are ahead. We look forward to continuing to create and enhance value for our stockholders, customers, employees and the consumers who use our products.

    Thank you for your ongoing support.

    Mike Snavely

    Chief Executive Officer

    About Phunware  

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement and manage custom mobile applications and analytics, digital advertising and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences.  

    Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies, by leveraging brands, consumers, partners and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.  

    For more information, please visit https://www.ai.phunware.com or contact:   

    MZ Group, North America 
    Joe McGurk, Managing Director
    917-259-6895 
    PHUN@mzgroup.us 

    Phunware Investor Relations:  

    CORE IR 
    516-222-2560 
    investorrelations@phunware.com 

    Safe Harbor / Forward-Looking Statements  

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur.  

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.  

    By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. 

    ___________________________

    1 Grand View Research, Inc. Mobile Application Market Size, Share & Trends Analysis, July 2024: market size is projected to reach approximately $322 billion in 2026, $367 billion in 2027, and $421 billion in 2028.   

    The MIL Network –

  • MIL-OSI: Elevating Fulfillment Efficiency Across Your Entire Operation with the Berkshire Grey V3 Put Wall

    Source: GlobeNewswire (MIL-OSI)

    BEDFORD, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) — Berkshire Grey Inc., a leader in AI-powered robotic solutions for automating supply chain operations, announces the release of the V3 Put Wall, the latest iteration of its globally deployed solution. Designed to automate eCommerce order consolidation and returns processing, the V3 Put Wall provides a modern, integrated alternative to manual put walls and traditional linear sorters.

    More than just a point solution for sortation, the V3 Put Wall is a critical enabler of amplified efficiency in automated fulfillment systems. By seamlessly integrating with key technologies such as ASRS (Automated Storage and Retrieval Systems), the V3 Put Wall enhances overall warehouse operations, empowering businesses to manage complex orders, scale rapidly, and process a broader range of SKUs. Its compact footprint maximizes throughput while complementing existing automation infrastructures, offering the flexibility to fit into any environment.

    “The V3 Put Wall is a breakthrough in warehouse automation,” said Paul Ambruso, VP Product, at Berkshire Grey. “When paired with ASRS and other complementary systems, it acts as a force multiplier, boosting the value of existing automation investments.”

    Key Features of the V3 Put Wall Include:

    • Complete SKU and Order Handling: Optimized to handle a wide range of SKUs—including small, oversized, irregular, and hard-to-handle items—minimizing the need for manual exception handling and processing even the most complex orders efficiently.
    • Compact and Customizable Design: Requiring just 540 sq ft, the V3 Put Wall easily fits into existing facilities, whether installed on the floor or mezzanines. It offers end or middle induction options, along with modular shelves or totes that can be reconfigured as business needs evolve.
    • Faster Return on Investment (ROI): V3 offers the best performance-to-cost ratio, with typical customer paybacks under 1 year.
    • Orchestration and Integration: Advanced software amplifies order processing by dynamically adjusting sort locations and integrating seamlessly with upstream automation systems like ASRS. This reduces manual labor, improves fulfillment efficiency, and ensures high throughput, even during peak times.
    • High Throughput and Scalable Destination Capacity: Expandable to over 10,000 units per hour (UPH) and thousands of destinations, the V3 Put Wall significantly enhances order processing speed and accuracy.

    “The V3 Put Wall is the complete solution for businesses seeking to transform their fulfillment operations,” said Paul. “By acting as a critical link in the automation chain, it amplifies the value of ASRS and other systems, enabling businesses to service more orders simultaneously and with greater accuracy. This means quicker order fulfillment, lower labor costs, and seamless integration into existing operations—delivering unmatched value.”

    Ideal for industries such as retail, eCommerce, 3PL, and omnichannel distribution, the V3 Put Wall offers scalable, efficient solutions for managing high order volumes. Set for deployment in 2025, the V3 Put Wall provides customizable sortation capabilities, delivering industry-leading efficiency and maximizing the performance of a fully automated fulfillment ecosystem.

    For more information about the V3 Put Wall and Berkshire Grey’s full portfolio of robotic automation solutions, visit http://www.berkshiregrey.com.

    About Berkshire Grey

    Berkshire Grey Inc. helps customers radically change the essential way they do business by delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Berkshire Grey solutions are a fundamental engine of change that transforms pick, pack, place, and sort operations to deliver competitive advantage for enterprises serving today’s connected consumers. Berkshire Grey customers include Global 100 retailers and logistics service providers. More information is available at http://www.berkshiregrey.com.

    Media Contact:

    Cailin Radcliffe
    Berkshire Grey Inc.
    press@berkshiregrey.com

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Finds Fraud Costing Businesses Equivalent of Nearly 7% of Revenues

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) — A global TransUnion (NYSE: TRU) analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first half (H1/January 1-June 30, 2024) of this year, also found that the lender risk exposure to synthetic identities for U.S. auto loans, bank credit cards, retail credit cards and unsecured personal loans reached their highest point ever.

    Among the key findings in the report were the results of a TransUnion survey of more than 800 business leaders in Canada, India, the U.K. and the U.S. which revealed total fraud losses of 6.5% equivalent of their companies’ revenue. This totaled approximately $359 billion among these business leaders’ organizations, a number which projects out exponentially greater when considering these represent only a small percentage of business leaders. Among those surveyed in the U.S., they said their company lost the equivalent of 6.7% of their revenue due to fraud over the past year, totaling $112 billion.

    In addition, 75% of the global survey respondents said that every type of fraud they measured stayed the same or increased year-over-year (YoY). Nearly half of respondents indicated that scam/authorized fraud, wherein a person is tricked into giving up something of value, saw the greatest YoY increase. It was also the most common cause of fraud loss according to global respondents at 31% and US respondents at 35%. In fact, in the U.S., this was more than double the next most common cause of fraud losses – synthetic identity fraud at 17%.

    “Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by global organizations to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Steve Yin, global head of fraud at TransUnion. “Business that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs.”

    According to proprietary insights from TransUnion’s global intelligence network, the global rate of suspected Digital Fraud remained stubbornly high in H1 2024 at 5.2% of all transactions. For transactions where the consumer was located in the U.S., 4.6% of digital transactions were suspected to be fraudulent over the period. Breaking it down by the industry, the highest rate of suspected Digital Fraud for transactions where the consumers were in the U.S. was the gaming sector, for which 13.3% of all transactions in that industry were suspected to be fraudulent in H1 2024.

    Synthetic Identity Lending Exposure Reaches New Record High

    Potentially driven in part by the wealth of stolen identities acquired via data breaches, accounts opened using synthetic identities continue to put lenders at risk. In fact, the increases among overall lender exposure to synthetic identities for US auto loans, bank credit cards, retail credit cards and unsecured personal loans continued in H1 2024. TransUnion documented such exposure rising from $3.0 billion in H1 2023 to $3.2 billion in H1 2024, an all-time high and growth of 7% YoY. The share of accounts opened for the four tradelines by synthetic identities rose 18% YoY, also reaching an all-time high.

    The auto loan industry continued to be the most impacted by lender exposure to synthetic identities among the four tradelines, accounting for $2.0 billion of the total in H1 2024, the fourth consecutive first half of the year in which auto has seen the greatest exposure. In fact, since surpassing bankcards in H1 2021, auto loan exposure is now double that of bankcard, which is currently at $1.0 billion.

    “Fraudsters are increasingly using synthetic identities to accumulate balances, particularly targeting the auto industry,” said Yin. “Unfortunately, this warrants attention to as the market is now facing a rising threat of charge-offs.”

    Lender Exposure to Synthetic Identities Continues to Trend Upward, Led by Auto

      End of H1 2020 End of H1 2021 End of H1 2022 End of H1 2023 End of H1 2024
    Auto Loans $871M $869M $1.3B $1.8B $2.0B
    Bankcards $966M $783M $951M $1.1B $1.0B
    Retail Credit Cards $250M $183M $157M $145M $121M
    Unsecured Personal Loans $48M $36M $57M $57M $52M
    Totals $2.1B $1.9B $2.4B $3.0B $3.2B

    Source: TransUnion TruValidate™ data

    The percentage of newly-opened accounts connected to synthetic identities has also seen a steady rise since 2020, and in H1 2024 stood at 0.20% of all accounts associated with the four tradelines in the table above. The tradeline with the highest percentage in H1 2024 was bank card, which was at 0.33% for the period, followed closely by auto loans at 0.27%.

    Industry Perspective: Online Forums and Dating Sites Most Impacted by Digital Fraud in H1 2024

    In H1 2024, the communities industry – which includes web properties like online forums and dating sites – experienced the largest percentage (11.5%) of suspected Digital Fraud globally. This represents a 23% increase over H1 2023. TransUnion’s communities customers reported profile misrepresentation as the most frequent type of fraud they witnessed in H1 2024. Not surprisingly, the communities industry had the highest suspected Digital Fraud rate in seven of the 19 countries and regions analyzed in H1 2024.

    In terms of global volume, synthetic identity fraud was the fastest-growing Digital Fraud type across industries from H2 2023 to H1 2024, increasing by 153%. Electronic fund transfers fraud saw the highest YoY growth, up 113% from H1 2023 to H1 2024. However, promotion abuse, which is defined as consumers or fraudsters taking advantage of marketing offers to receive unintended financial incentives, was the most common Digital Fraud type globally in H1 2024, with 3.6% of Digital Fraud reported to TransUnion by its customers.

    TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate. The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud. 

    Download the TransUnion H2 2024 Update to the State of Omnichannel Fraud Report to learn more. Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.

    For more information and insights about the global fraud trends, please download the report. Consumers who believe they may be a victim of fraud can find resources and information here.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail david.blumberg@transunion.com
       
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI Africa: GITEX DIGI_HEALTH 5.0 Dubai showcases the future of Artificial Intelligence (AI)-driven innovations

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

    DUBAI, United Arab Emirates, October 16, 2024/APO Group/ —

    • Innovators and leaders from the most influential medical labs, hospitals, healthcare institutions, research centres and academia gathered in Dubai to discuss AI opportunities
    • Neurology and remote patient monitoring were among the key topics on the agenda for discussion
    • Tech enterprises and providers showcased the most impactful digital solutions to accelerate connectivity and drive transformation

    Transformative health tech solutions were at the heart of conversations at GITEX GLOBAL’s GITEX DIGI_HEALTH 5.0 Dubai (www.GITEX.com), where thousands of tech enthusiasts and healthcare pioneers converged at Dubai World Trade Centre (DWTC) for a day of future health discussions.

    The world’s largest tech event provided a platform to showcase the latest AI-driven digital health and health tech solutions, spotlighting innovations that are reshaping patient care on a global scale.

    The event aligns with the UAE government’s pioneering efforts to advance the digital health ecosystem, with the UAE’s digital health market projected to reach USD $487.30 million by the end of this year. The show also supports Dubai’s commitment to adopting digital practices that benefit medical professionals and patients alike.

    With AI-powered healthcare investments projected to make up 20% of global healthcare spending by year’s end, GITEX GLOBAL set the stage for industry leaders to explore how AI is revolutionising delivery and enhancing outcomes for millions of patients.

    GITEX DIGI_HEALTH 5.0 Dubai brought together global professionals and leaders to build on that figure and discuss the impact the innovative tool is having on the day-to-day operations while also providing an outlook of what the future would hold. It attracted some of the biggest names in the global landscape including labs such as Biogen, Roche and Sanofi as well as tech giants Microsoft, M42, Lenovo. Also present were established medical institutions including Samsung Medical Centre, Harvard Medical School, Roche and many more.

    Pioneering Robotic and AI in Digital Health

    The evolving role of robotics in health tech was a major focus of the showcase and conference programme. Denis Ledenkof, Founder of Robosculptor, showcased how AI-powered robotics is transforming patient care via an autonomous platform for body treatments developed by health industry experts, emphasising robotic technology is providing plenty of benefits.

    He said: “AI is a powerful tool and is leading to better patient preferences. When it comes to robotic treatments, they help improve the experience of patients by just giving them access to a wider range of therapies as well as enhancing accessibility.

    “One example that we’re using is an application that functions similarly to a taxi or delivery app where people can scan for treatments and displays the information that users would be looking for.”

    Alex Aliper, Co-Founder and President of Insilico Medicine, a Hong Kong digital health unicorn – was part of another panel that delved into genomics. He discussed how precision medicine, powered by AI, is revolutionising genetic profiles – an approach set to transform treatments for diseases previously deemed incurable.

    The future of AI in neurology

    Meanwhile, following a study which showed that AI can reduce the risk of new vascular events by 25.6% in stroke patients, Aneesh Singhal, M.D, Director, Comprehensive Stroke Center & Vice-Chair of Neurology at Massachusetts General Hospital, gave an overview of what to expect in the field of neurology.

    In his presentation, he discussed the Golden Bridge II trial, which showed that the use of an AI-based clinical decision support system had a significantly greater impact on the number of vascular events and stroke care quality than standard care in patients with acute ischemic stroke (AIS).

    Elsewhere, Jong-Soo Choi, Chief Technology Officer at Samsung Medical Centre, one of Korea’s most renowned hospitals, shared insights into cutting-edge technologies such as Remote Patient Monitoring (RPM) and gene therapy and how they are setting the stage for the next wave of change.

    Smart lens among innovations unveiled

    Dubai’s own deep tech company Xpanceo made waves with the unveiling of smart contact lens for 3D imaging, and another for data reading, demonstrating wireless data transmission capabilities integrated directly into the lens. These innovations are set to redefine the boundaries of how data in real time is perceived, pushing the digital health landscape into a new era of smart diagnostics.

    Oracle Health also displayed its innovative Clinical Digital Assistant. Leveraging AI-powered driven voice recognition, the assistant autonomously documents physician-patient encounters, interprets the information, and accurately inputs a draft note into the Oracle Health EHR, allowing the physician to quickly review and approve the clinical documentation.

    GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events with GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA all part of its portfolio. These events are fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

    GITEX GLOBAL this year announced the launch of GITEX DIGI_HEALTH 5.0 Expo-Summit in Thailand, from 10-12 September 2025, in a destination touted with one of the highest potentials to leapfrog the digital health industry, putting the spotlight on digital solutions to address the rising demands across Asia.

    More information on GITEX GLOBAL and to purchase passes, please visit http://www.GITEX.com

    MIL OSI Africa –

  • MIL-OSI: DocNetwork Releases Behavioral Health Module for CampDoc and SchoolDoc

    Source: GlobeNewswire (MIL-OSI)

    ANN ARBOR, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) — DocNetwork announced the expansion of the Mental, Emotional, and Social Health (MESH) features within its CampDoc and SchoolDoc platforms. This strategic enhancement addresses the growing need to support campers and students experiencing behavioral health issues while away from home.

    As mental health concerns among youth continue to rise, camps and schools need effective tools to manage and support the well-being of their participants. Traditional camp management software and student information systems do not currently support the behavioral health needs of camps and schools.

    Recognizing this critical need, DocNetwork has amplified its commitment to mental health by integrating comprehensive MESH features that enable youth-serving organizations to better monitor, document, and respond to behavioral health challenges.

    “With the release of our Behavioral Health module, we are empowering camps and schools to provide holistic care that addresses the mental, emotional, and social needs of their campers and students,” said Dr. Michael Ambrose, Founder and CEO of DocNetwork. “By equipping camps and schools with the tools to document and assess these critical aspects of mental health, we are empowering organizations to provide the care that families expect and kids deserve.”

    Key enhancements to the CampDoc and SchoolDoc platforms include:

    • Expanded Reporting: Organizations can now record mood, affect, and cognitive functioning for campers, students, and staff, providing valuable insights into a participant’s mental, emotional and social health.
    • Comprehensive Risk Assessments: CampDoc and SchoolDoc now include dedicated tools for conducting critical risk assessments, enabling timely identification of potential risks and allowing for prompt intervention and support.
      • Suicidal Risk
      • Homicidal Risk
      • Self-Injurious Behavior
      • Abuse/Neglect
      • Bullying
    • Enhanced Privacy: With a strong commitment to privacy, DocNetwork employs role-based permissions to ensure that sensitive information is accessible only to authorized personnel who need to know, safeguarding confidentiality while facilitating effective care.

    The expansion of behavioral health functionality is a direct response to feedback from camps and schools seeking robust solutions to manage the complexities of the mental health care they provide. Organizations utilizing CampDoc and SchoolDoc will have immediate access to this new feature at no additional cost. Interested camps and schools should visit http://www.campdoc.com or http://www.schooldoc.com for more information.

    About DocNetwork
    CampDoc and SchoolDoc offer the most comprehensive Electronic Health Record (EHR) solution to help ensure the health and safety of children while they are away from home. DocNetwork is trusted by over 1,250 programs across all 50 states and internationally, including traditional day and residential camps, YMCAs, JCCs, Girl Scouts, Boy Scouts, parks and recreation facilities, colleges and universities, and K-12 public, private, and charter schools. For more information about DocNetwork and web-based health management, please visit http://www.campdoc.com, http://www.schooldoc.com, or call 734-619-8300.

    Contact:
    Michael Ambrose, M.D.
    DocNetwork
    734-619-8300
    michael@docnetwork.org

    The MIL Network –

  • MIL-OSI Global: Black Myth: Wukong – how China’s gaming revolution is fueling its tech power

    Source: The Conversation – USA – By Shaoyu Yuan, Dean’s Fellow at the Division of Global Affairs, Rutgers University – Newark

    Black Myth: Wukong has enthralled gamers around the world with its rich visuals and vigorous fight sequences. Courtesy Game Science

    It may sound far-fetched, but the future of global technology supremacy could hinge on a video game.

    Black Myth: Wukong, China’s latest blockbuster, isn’t just breaking gaming records – it could be driving a critical shift in the global balance of technological power. What seems like just another action-packed video game is, in reality, a vital component in Beijing’s larger strategy to challenge Western dominance in the tech industry.

    The game, released by Chinese company Game Science on Aug. 19, 2024, is based on the legendary 16th century Chinese novel “Journey to the West.” The novel tells the story of a monk, Xuanzang, who journeys to India in search of Buddhist scrolls. The monkey Sun Wukong protects the monk by confronting and battling various demons and spirits.

    Black Myth: Wukong has captivated millions with its stunning visuals and storytelling. It quickly became a cultural sensation in China and abroad, attracting widespread attention and praise for its graphic fidelity and technological sophistication.

    As global affairs scholars, we see that the game’s success goes beyond the number of downloads or accolades. It’s what this success is driving within China’s technology sector that has far-reaching consequences.

    Video games and global power

    For years, China has been playing catch-up in the tech race, particularly in the production of semiconductors – the tiny microchips that power everything from smartphones to advanced artificial intelligence systems. The United States has maintained its dominance in this field by limiting China’s access to the most advanced chip-making technology.

    As of 2024, China has shifted away from its aggressive “wolf warrior” diplomacy to a more cooperative approach in order to rebuild international ties. The government has also issued mandates for companies like Huawei to develop domestic chips. However, China’s success in boosting semiconductor development and production using these approaches has been limited.

    Historically, video games have played a significant role in driving technological innovation in the semiconductor industry. From the early days of the 8-bit Nintendo Entertainment System to the modern PlayStation 5, gaming has always pushed chipmakers to develop faster, more efficient processors and graphics processing units, or GPUs. The intense graphical requirements of modern games – high resolutions, faster frame rates and real-time rendering – demand the most advanced semiconductor technology. The development of advanced GPUs by companies like NVIDIA was directly influenced by the gaming industry’s needs.

    Gamers require advanced processors to enjoy Black Myth: Wukong’s high-end visual and gameplay experience. Built using the state-of-the-art Unreal Engine 5 video game development tool, the game is a visual spectacle featuring lifelike graphics, seamless open-world environments and complex combat systems. The game is available for PlayStation 5 and PCs, and Game Science plans to release an Xbox version.

    Black Myth: Wukong features rich visuals and intricate gameplay.
    Courtesy of Sony Interactive Entertainment LLC

    As Black Myth: Wukong sweeps across gaming platforms, it not only puts pressure on China’s semiconductor makers to build more and better chips, but it also reveals the vast market potential for high-performance hardware, especially for gaming PCs equipped with powerful GPUs. The game’s success showcases just how big the demand is.

    Market analysts expect the Chinese video game industry to reach revenues of US$66.13 billion in 2024, compared with $78.01 billion in the U.S. Analysts predict the game will have annual sales of 30 million to 40 million copies in 2024.

    China’s gaming industry has surged into a global powerhouse, yet it remains dependent on foreign-made chips. Coupled with the West’s restrictions on chip exports, Wukong has become a key catalyst for China’s semiconductor development, and domestic companies now face growing pressure to innovate.

    This pressure aligns with Beijing’s broader technological ambitions. The government’s “Made in China 2025” plan calls for technological self-reliance, particularly in sectors like semiconductors, where China lags behind. And advanced GPUs haven’t been confined to the entertainment industry. They have become integral to advances in AI, including deep learning and autonomous systems.

    Flexing China’s cultural muscle

    While it might seem strange to link video games with geopolitics, Black Myth: Wukong is more than just entertainment. It’s a tool in China’s soft power arsenal. Soft power is nations influencing each other through cultural exports. For decades, the West, particularly the U.S., dominated global culture through Hollywood, music and video games.

    Now, China is flexing its cultural muscle. The success of Black Myth: Wukong abroad, where it has been hailed as a game-changing title, is part of Beijing’s strategy to export its culture and technological prowess. Millions of gamers around the world are now being exposed to Chinese mythology, art and storytelling through a highly sophisticated digital medium.

    ‘China Stay Winning’ American YouTubers react enthusiastically to Black Myth: Wukong. (Audio NSFW)

    But Black Myth: Wukong isn’t just a cultural triumph for China; it’s a warning shot. The country is taking advantage of its booming gaming industry to drive advances in a field that will define the future of technology. This game not only exports Chinese culture but also strengthens its tech base by accelerating the demand for domestic semiconductors.

    While Black Myth: Wukong entertains millions, it also shows China’s growing influence in the digital realm. In the future, we might not look back at Black Myth: Wukong as just a successful video game, but as a catalyst that helped China close the technological gap with the West. Beijing is playing a long game, and video games like Black Myth: Wukong are turning out to be effective weapons.

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

    – ref. Black Myth: Wukong – how China’s gaming revolution is fueling its tech power – https://theconversation.com/black-myth-wukong-how-chinas-gaming-revolution-is-fueling-its-tech-power-239998

    MIL OSI – Global Reports –

  • MIL-OSI Global: 4 ways AI can be used and abused in the 2024 election, from deepfakes to foreign interference

    Source: The Conversation – USA – By Barbara A. Trish, Professor of Political Science, Grinnell College

    The American public is on alert about artificial intelligence and the 2024 election.

    A September 2024 poll by the Pew Research Center found that well over half of Americans worry that artificial intelligence – or AI, computer technology mimicking the processes and products of human intelligence – will be used to generate and spread false and misleading information in the campaign.

    My academic research on AI may help quell some concerns. While this innovative technology certainly has the potential to manipulate voters or spread lies at scale, most uses of AI in the current election cycle are, so far, not novel at all.

    I’ve identified four roles AI is playing or could play in the 2024 campaign – all arguably updated versions of familiar election activities.

    1. Voter information

    The 2022 launch of ChatGPT brought the promise and peril of generative AI into public consciousness. This technology is called “generative” because it produces text responses to user prompts: It can write poetry, answer history questions – and provide information about the 2024 election.

    Rather than search Google for voting information, people may instead ask generative AI a question. “How much has inflation changed since 2020?” for example. Or, “Who’s running for U.S. Senate in Texas?”

    Some generative AI platforms such as Google’s AI chatbot Gemini, decline to answer questions about candidates and voting. Some, such as Facebook’s AI tool Llama, respond – and respond accurately.

    AI’s response to an election query on Facebook.
    Screenshot from Facebook, CC BY-SA

    But generative AI can also produce misinformation. In the most extreme cases, AI can have “hallucinations,” offering up wildly inaccurate results.

    A CBS news account from June 2024 reported that ChatGPT had given incorrect or incomplete responses to some prompts asking how to vote in battleground states. And ChatGPT didn’t consistently follow the policy of its owner, OpenAI, and refer users to CanIVote.org, a respected site for voting information.

    As with the web, people should verify the results of AI searches. And beware: Google’s Gemini now automatically returns answers to Google search queries at the top of every results page. You might inadvertently stumble into AI tools when you think you’re searching the internet.

    2. Deepfakes

    Deepfakes are fabricated images, audio and video produced by generative AI and designed to replicate reality. Essentially, these are highly convincing versions of what are now called “cheapfakes” – altered images made using basic tools such as Photoshop and video-editing software.

    The potential of deepfakes to deceive voters became clear when an AI-generated robocall impersonating Joe Biden before the January 2024 New Hampshire primary advised Democrats to save their votes for November.

    After that, the Federal Communication Commission ruled that AI-generated robocalls are subject to the same regulations as all robocalls. They cannot be auto-dialed or delivered to cellphones or landlines without prior consent.

    The agency also slapped a US$6 million fine on the consultant who created the fake Biden call – but not for tricking voters. He was fined for transmitting inaccurate caller-ID information.

    While synthetic media can be used to spread disinformation, deepfakes are now part of the creative toolbox of political advertisers.

    One early deepfake aimed more at persuasion than overt deception was an AI-generated ad from a 2022 mayoral race contest portraying the then-incumbent mayor of Shreveport, Louisiana, as a failing student summoned to the principal’s office.

    Blink and you’ll miss the disclaimer that this campaign ad is a deepfake.

    The ad included a quick disclaimer that it was a deepfake, a warning not required by the federal government, but it was easy to miss.

    Wired magazine’s AI Elections Project, which is tracking uses of AI in the 2024 cycle, shows that deepfakes haven’t overwhelmed the ads voters see. But they have been used by candidates across the political spectrum, up and down the ballot, for many purposes – including deception.

    Former President Donald Trump hints at a Democratic deepfake when he questions the crowd size at Vice President Kamala Harris’ campaign events. In lobbing such allegations, Trump is attempting to reap the “liar’s dividend” – the opportunity to plant the idea that truthful content is fake.

    Discrediting a political opponent this way is nothing new. Trump has been claiming that the truth is really just “fake news” since at least the “birther” conspiracy of 2008, when he helped to spread rumors that presidential candidate Barack Obama’s birth certificate was fake.

    3. Strategic distraction

    Some are concerned that AI might be used by election deniers in this cycle to distract election administrators by burying them in frivolous public records requests.

    For example, the group True the Vote has lodged hundreds of thousands of voter challenges over the past decade working with just volunteers and a web-based app. Imagine its reach if armed with AI to automate their work.

    Such widespread, rapid-fire challenges to the voter rolls could divert election administrators from other critical tasks, disenfranchise legitimate voters and disrupt the election.

    As of now, there’s no evidence that this is happening.

    4. Foreign election interference

    Confirmed Russian interference in the 2016 election underscored that the threat of foreign meddling in U.S. politics, whether by Russia or another country invested in discrediting Western democracy, remains a pressing concern.

    Special counsel Robert Mueller’s investigation into the 2016 U.S. election concluded that Russia had worked to get President Donald Trump elected.
    Jonathan Ernst/Pool via AP

    In July, the Department of Justice seized two domain names and searched close to 1,000 accounts that Russian actors had used for what it called a “social media bot farm,” similar to those Russia used to influence the opinions of hundreds of millions of Facebook users in the 2020 campaign. Artificial intelligence could give these efforts a real boost.

    There’s also evidence that China is using AI this cycle to spread malicious information about the U.S. One such social media post transcribed a Biden speech inaccurately to suggest he made sexual references.

    AI may help election interferers do their dirty work, but new technology is hardly necessary for foreign meddling in U.S. politics.

    In 1940, the United Kingdom – an American ally – was so focused on getting the U.S. to enter World War II that British intelligence officers worked to help congressional candidates committed to intervention and to discredit isolationists.

    One target was the prominent Republican isolationist U.S. Rep. Hamilton Fish. Circulating a photo of Fish and the leader of an American pro-Nazi group taken out of context, the British sought to falsely paint Fish as a supporter of Nazi elements abroad and in the U.S.

    Can AI be controlled?

    Acknowledging that it doesn’t take new technology to do harm, bad actors can leverage the efficiencies embedded in AI to create a formidable challenge to election operations and integrity.

    Federal efforts to regulate AI’s use in electoral politics face the same uphill battle as most proposals to regulate political campaigns. States have been more active: 19 now ban or restrict deepfakes in political campaigns.

    Some platforms engage in light self-moderation. Google’s Gemini responds to prompts asking for basic election information by saying, “I can’t help with responses on elections and political figures right now.”

    Campaign professionals may employ a little self-regulation, too. Several speakers at a May 2024 conference on campaign tech expressed concern about pushback from voters if they learn that a campaign is using AI technology. In this sense, the public concern over AI might be productive, creating a guardrail of sorts.

    But the flip side of that public concern – what Stanford University’s Nate Persily calls “AI panic” – is that it can further erode trust in elections.

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

    – ref. 4 ways AI can be used and abused in the 2024 election, from deepfakes to foreign interference – https://theconversation.com/4-ways-ai-can-be-used-and-abused-in-the-2024-election-from-deepfakes-to-foreign-interference-239878

    MIL OSI – Global Reports –

  • MIL-OSI: Territorial Bancorp Says Blue Hill Has Provided No Basis to Deem Its Preliminary Indication of Interest Superior

    Source: GlobeNewswire (MIL-OSI)

    No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed

    Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial

    Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai‘i Time

    HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) is mailing the following letter to Territorial shareholders in connection with the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) to vote on the proposed merger with Hope Bancorp, Inc. (NASDAQ: HOPE) (“Hope Bancorp”) and related proposals. The Special Meeting is scheduled for November 6, 2024 at 8:30 a.m., Hawai‘i Time. Territorial shareholders of record as of August 14, 2024 are entitled to vote at or before the meeting. Other important information related to the Special Meeting can be found at http://www.TerritorialandHopeCombination.com.

    Dear Fellow Territorial Bancorp Shareholders,

    On November 6, 2024, Territorial Bancorp is holding a Special Meeting of Stockholders (the “Special Meeting”) to vote on our pending merger with Hope Bancorp. Failure to approve the merger could have significant negative consequences for the value of your investment and Territorial’s continued success.

    Don’t be misled: Blue Hill Advisors LLC (“Blue Hill”) has only issued press releases and presentations. Blue Hill has warned that its indication of interest is “non-binding” and has provided no evidence that it would – or could – actually pay for the Company. Moreover, there are very real concerns that Blue Hill could complete a transaction at all.

    Protect your investment: The Territorial Bancorp Board of Directors strongly recommends that all Territorial shareholders vote “FOR” the Hope Bancorp merger and related proposals TODAY. Your vote is important, no matter how many, or few, shares you own.

    The Territorial Board of Directors is Committed to Doing What is in the Best Interest of Territorial Shareholders and Pursuing the Most Value Creating Path

    Blue Hill Has Provided No Information that Would Enable the Territorial Board to Deem Its Preliminary Indication of Interest Superior or Likely to Lead to a Superior Proposal

    In negotiating the Hope Bancorp merger agreement, the Territorial Board obtained important protections for our shareholders – namely a superior proposal provision. This provision enables the Board to have discussions with parties who present an alternative to the Hope Bancorp merger so long as the alternative proposal is real, fully financed and actually or likely “superior” to the Hope transaction. To meet this standard, the alternative proposal must, among other things, be more favorable to our shareholders from a financial point of view and be reasonably likely to close. Blue Hill has not met these and other thresholds.

    • No verifiable evidence Blue Hill can actually pay for your shares and fund the likely additional capital infusion into Territorial Savings Bank required with its acquisition. Blue Hill has only referenced “capital support” and pointed to its assets under management (“AUM”), neither of which are committed financing. Proving committed financing is easy so long as you have it, but Blue Hill has not provided any such evidence, which compounds doubts about its credibility and the credibility of its preliminary indication of interest. Assets under management are assets that belong to other people and Blue Hill has not shown it has any authority to access those funds to pay for Territorial.  
    • No confidence that its proposed transaction is reasonably likely to close.
      • Lack of M&A and regulatory experience: Blue Hill has made vague references to having M&A experience. However, Territorial has found no information to prove that Blue Hill has previously applied for – or secured – regulatory approvals for any transaction of this size and complexity. If Blue Hill has such a track record, where is it? 
      • Evasive about obtaining required regulatory approvals or simply ignoring them: The takeover of an entire bank, as Blue Hill is seeking, is likely a controlled acquisition under banking law. The coordinated efforts of six “discrete” investors per Blue Hill’s proposal would likely be viewed as a group that is “acting in concert,” increasing regulatory scrutiny and requirements – none of which Blue Hill has acknowledged or addressed. Nor have they offered even a guess as to how long these approvals will take.
      • Rejected by regulators: Blue Hill has refused to disclose the identity of its “discrete investors” and replacement Board and management. What is Blue Hill hiding? In addition, no information has been provided on how it would address safety and soundness issues regarding interest rate risk, liquidity, capital and earnings, which are paramount to regulators. Blue Hill’s lack of information all but ensures that regulatory applications would be rejected as soon as they were submitted.
      • Failed tender offer: Territorial has an approximately 50% retail shareholder base and a fragmented institutional investor base. Given these facts, it is highly unlikely that Blue Hill would be able to complete the 70% tender offer it has proposed.
    • No assurances that Blue Hill will stand by its price and not reduce it if the Hope Bancorp merger agreement was terminated or following its unspecified “due diligence.” Keep in mind – Hope Bancorp reduced its proposal for Territorial after conducting due diligence, and Blue Hill has explicitly stated that its indication of interest is conditioned on due diligence and is non-binding.
    • No assurances that Blue Hill won’t put its interests before your own: Blue Hill has entered into secret side agreements with its “discrete” investors. The terms of these agreements have not been disclosed and Blue Hill has not offered any governance structure, much less one that protects your interests.

    On four occasions we have publicly provided Blue Hill with a roadmap of the basic elements that need to be addressed before we would be able to engage in discussions with them under the terms of the Hope Bancorp merger agreement. Despite this, Blue Hill has repeatedly failed to provide credible and verifiable information as to these basic elements.

    Given these and other factors, the Territorial Board has not concluded that the Blue Hill proposal constitutes or is reasonably likely to lead to a superior proposal, as defined by the Hope Bancorp merger agreement. As a result, the only way to unilaterally engage in discussions with Blue Hill would be to break our obligations under the Hope Bancorp merger agreement, which would expose Territorial and our shareholders to substantial, costly litigation risk and the possibility of no transaction at all.

    Territorial Shareholders Are at Great Risk If the Hope Bancorp Merger is Terminated and the Only Strategic Alternative is Blue Hill

    The Value of Your Shares Could Decline Substantially

    • Hope Bancorp addresses Territorial’s business challenges. Blue Hill does not: While the overall market may have changed, Territorial’s business fundamentals have not. As a standalone, monoline, one- to four-family loan focused bank, Territorial faces substantial business and regulatory risks – even in a declining interest rate environment. The Company has been operating at a loss over multiple quarters; loan growth is flat; and revenues are declining.

      These and other factors led to the Board’s decision to cut Territorial’s dividend to essentially $0 and enter into the Hope Bancorp merger agreement. While our challenges would be addressed by Hope Bancorp’s larger, stronger, more diversified platform, Blue Hill offers nothing to benefit the business if the Hope Bancorp agreement is terminated. Indeed, with Blue Hill, Territorial would have the same standalone hurdles that it does today and potentially much worse.

    • With Blue Hill, the value of your shares and protection of your rights could be substantially diminished: If Blue Hill is unable to complete a 100% tender, the remaining Territorial shareholders would be left with an illiquid, stub minority investment in a controlled company and with limited rights. Stub stocks generally trade at a lower price and valuation and can be highly volatile.
    • A Blue Hill transaction would be taxable; the Hope Bancorp merger is not. Blue Hill’s tax consequences could potentially leave shareholders with less – in some cases substantially less – than the per share value Blue Hill has proposed.
    • Territorial shareholders will not immediately receive any payment for their shares while any transaction with Blue Hill is sitting in regulatory limbo. Given the time-value-of-money, delays mean that the net value of Blue Hill’s preliminary indication of interest, if completed, would be substantially less than what it has proposed. Meanwhile, your stock would remain tied up during the Blue Hill tender and could not be sold.

    The Hope Bancorp Merger Is the Best, Most Value-Creating Opportunity for Territorial Shareholders at Close and Over the Long-term

    Unlike the illusion that Blue Hill is promoting, the value creation and other benefits from the Hope Bancorp merger are real and achievable.

    • 100% tax free, stock-for-stock transaction: 0.8048 shares of Hope Bancorp for each Territorial share owned
    • ~25% premium to Territorial’s closing stock price just prior to merger announcementi
    • 1,000%+ increase to Territorial’s standalone dividend (from $0.01 to $0.11 per share)ii
    • Upside value opportunity by being invested in larger, more diversified company with a strong capital position and larger investment platform that is better positioned to navigate varying market environments
    • $10.5M of incremental value from annual merger enabled cost savings and synergies
    • Proven management team with strong record of superior value creation – total shareholder returns (“TSR”) outperforming peers
    • Choice as shareholders could also choose liquidity now if they prefer not to stay invested in the combined organization

    The merger will also create significant benefits for our customers, employees and local Hawai‘i communities. Hope Bancorp values the relationships we have established and wants to build on them.

    • We will continue to operate under the Territorial name.
    • Our local branches and operations will be led by local teams – Territorial’s customers can benefit from additional choices and rely on the same people they know and respect.
    • Employees will continue to receive competitive compensation and benefits and will have additional career opportunities.
    • We will continue to support and invest in our local communities.

    The Territorial Board Continues to Recommend that Shareholders Vote FOR the Hope Bancorp Merger

    The Territorial Board takes its fiduciary responsibilities seriously. Absent more information from Blue Hill, there is no basis to engage with Blue Hill or reach a determination that their illusory, non-binding, highly conditional preliminary indication of interest is superior, likely to lead to a superior proposal, or is in Territorial shareholders’ best interests.

    In contrast, with Hope Bancorp, we will become part of a larger, more diversified regional bank, unlocking new value creation opportunities for shareholders while building on our more than 100-year legacy of serving and supporting our local Hawai‘i communities.

    We are on a path to complete the Hope Bancorp transaction by the end of this year, subject to the condition that a majority of our shares are voted in favor of it. Your vote is important – no matter how many, or how few, shares you own. Every vote counts.

    So please, join me and the entire Territorial Board and management team by voting FOR the Hope Bancorp merger by internet, phone or mail today.

    Sincerely

    Allan S. Kitagawa
    Chairman of the Board, President and Chief Executive Officer

    Your Vote Is Important, No Matter How Many or How Few Shares You Own!
    Please take a moment to vote FOR the proposals set forth on the enclosed proxy card — by Internet, telephone toll-free or by signing, dating and returning the enclosed proxy card or voting instruction form. Vote well in advance of the Special Meeting on November 6, 2024 at 8:30 a.m. Hawaiʻi Time. 

    If you have questions about how to vote your shares, please contact: 
    Laurel Hill Advisory Group 

    Call toll-free: (888) 742-1305
    Banks and brokers should call: (516) 933-3100
    Email: info@laurelhill.com


    About Us

    Territorial Bancorp Inc., headquartered in Honolulu, Hawaiʻi, is the stock holding company for Territorial Savings Bank. Territorial Savings Bank is a state-chartered savings bank which was originally chartered in 1921 by the Territory of Hawaiʻi. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaiʻi, and has 28 branch offices in the state of Hawaiʻi. For additional information, please visit https://www.tsbhawaii.bank/.

    Additional Information about the Hope Merger and Where to Find It

    In connection with the proposed Hope Merger, Hope has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, containing the Proxy Prospectus, which has been mailed or otherwise delivered to Territorial’s stockholders on or about August 29, 2024, as supplemented September 12, 2024. Hope and Territorial may file additional relevant materials with the SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain any of the documents filed with or furnished to the SEC by Hope or Territorial at no cost from the SEC’s website at http://www.sec.gov.

    Forward-Looking Statements

    Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the low-cost core deposit base, diversification of the loan portfolio, expansion of market share, capital to support growth, strengthened opportunities, enhanced value, geographic expansion, and statements about the proposed transaction being immediately accretive. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, Territorial Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The closing of the proposed transaction is subject to regulatory approvals, the approval of Territorial Bancorp stockholders, and other customary closing conditions. There is no assurance that such conditions will be met or that the proposed merger will be consummated within the expected time frame, or at all. If the transaction is consummated, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees and customers, may be greater than expected; and required governmental approvals of the merger may not be obtained on its proposed terms and schedule, or without regulatory constraints that may limit growth. Other risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in Hope Bancorp’s or Territorial Bancorp’s areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s or Territorial Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp or Territorial Bancorp; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; and diversion of management’s attention from ongoing business operations and opportunities. For additional information concerning these and other risk factors, see Hope Bancorp’s and Territorial Bancorp’s most recent Annual Reports on Form 10-K. Hope Bancorp and Territorial Bancorp do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

    Investor / Media Contacts:
    Walter Ida
    SVP, Director of Investor Relations
    808-946-1400
    walter.ida@territorialsavings.net

                                                                    

    i Based on Territorial and Hope Bancorp’s closing prices as of 4/26/24 (day before merger announcement)
    ii Based on 0.8048 fixed exchange ratio and Hope Bancorp’s $0.14 current per share dividend

    The MIL Network –

  • MIL-OSI: Rocket Software’s GenAI Advancements for Hybrid Cloud Revolutionize Mainframe and Cloud Integration

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) — Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, is advancing its mission of supporting enterprises at every stage of their modernization journey by expanding its Hybrid Cloud solutions to include cutting-edge generative AI (GenAI) functionality. These enhancements harness GenAI and automation to streamline the modernization of the business applications and data upon which businesses run. The goal of the new capabilities is to improve organizational agility and decision-making by unlocking the value of these applications and data, bridging them into hybrid cloud strategies.

    Global enterprises recognize AI’s role in enhancing efficiency and performance both in application modernization and in the broader scheme of enhancing organizational value. According to a 2024 Forrester survey commissioned by Rocket Software, 66% of respondents report that AI has significantly boosted efficiency in their IT modernization efforts, while 59% note improved technological capabilities for both employees and customers.

    “A number of industries are facing increasing pressure to prioritize decision-making for operational performance and risk management,” said Michael Curry, President of Data Modernization at Rocket Software. “The new and enhanced products in our Hybrid Cloud solution suite accelerate application understanding, streamline data integration, and enhance productivity. With over 34 years of experience, we have a unique vantage point from which we can help organizations unlock value from core business applications, while future-proofing operations.”

    Rocket Software continues to enhance its Hybrid Cloud solutions, enabling customers to take advantage of scalable, cost-efficient GenAI and automation in a safe way, that prioritizes robust security and regulatory compliance. This reflects the company’s commitment to delivering customer value through innovation, evidenced by the introduction of new and upgraded products, including:

    • Rocket® Content Smart Chat: Provides a secure conversational AI interface for sensitive document access and querying, streamlining unstructured data classification, while ensuring regulatory compliance by keeping critical data in protected governance environments. Rocket Software was recognized as a Major Player in the 2024 IDC MarketScape for Intelligent Content Services, in part for its SmartChat Feature, underscoring its innovation in delivering intelligent, scalable, and AI-driven content services.
    • Rocket®Enterprise Suite: Provides an AI natural language assistant to facilitate code analysis and accelerate mainframe application modernization and cloud transitions, enhancing developer productivity by simplifying complex code and the migration to cloud-native environments. Enterprise Suite is a key capability in modernization solutions from major Cloud Service Providers (CSPs) like Amazon Web Services® (AWS®), Google® Cloud Platform (GCP), and Microsoft ®Azure®.
    • Rocket®Visual COBOL®: Employs an AI natural language assistant to simplify COBOL code understanding, modernize applications, and ensure seamless integration with hybrid cloud environments. This reduces the learning curve for developers, accelerating the modernization of distributed COBOL applications and integrating seamlessly with hybrid cloud infrastructures while preserving core business logic.

    “Following the acquisition of AMC, Rocket Software is releasing new functionality in less than six months—an uncommon move in the industry where many mature software companies tend to slow down evolution after an acquisition,” said Peter Rutten, Research Vice-President, Performance Intensive Computing, IDC, “This rapid progression highlights Rocket’s commitment to enhancing support for mainframe and distributed COBOL application modernization and re-platforming in alignment with hybrid cloud and migration strategies.”

    These new additions will join the company’s existing Hybrid Cloud solutions including Rocket® Data Intelligence, Rocket® Data Replicate and Sync, Rocket® Mobius®, Rocket® Cloud Connector, and Rocket® Data Virtualization, to round out the suite and further enhance end-to-end modernization and real-time data management.

    To learn more about these GenAI advancements and Rocket Software’s complete Hybrid Cloud solutions, visit its website here.

    Amazon Web Services and AWS are trademarks of Amazon Technologies, Inc.
    Google is a trademark of Google LLC
    Microsoft and Azure are trademarks of Microsoft Corporation

    About Rocket Software
    Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world’s leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit http://www.RocketSoftware.com.

    Media Contact
    Lacey Darrow
    ldarrow@rocketsoftware.com

    The MIL Network –

  • MIL-OSI: DigiAsia Corp. and Digit9 Announce Strategic Collaboration

    Source: GlobeNewswire (MIL-OSI)

    ~ Enhancing Cross Border Payments ~

    ABU DHABI, United Arab Emirates and NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (FaaS) ecosystem provider, has announced a strategic collaboration with Digit9, the cross-border payments orchestration platform developed by LuLu Money Singapore, a wholly owned subsidiary of Abu Dhabi-based LuLu Financial Holdings.

    The partnership with Digit9 will enhance DigiAsia’s offering and competitiveness in servicing the cross-border payments needs for Indonesian consumers and SMEs in Indonesia and the GCC.

    Further, DigiAsia will be able to leverage Digit9’s wide network of partners and the ability to facilitate cross-border payments in more than 150 markets globally, to create efficient and cost-effective cross-border payment rails to further support Indonesian consumers and SMEs.

    DigiAsia estimates that the partnership with Digit9 will generate an estimated US$250mn volume annually in cross-border payments.

    DigiAsia and Digit9 will continue strategic partnership discussions and look to launch innovative products and services in the cross-border payments space in the near future.

    About DigiAsia

    DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model offering its complete Fintech solution in emerging markets. DigiAsia’s fintech architecture offers small and medium business enterprises (SMEs) comprehensive embedded finance APIs to streamline processes across the commerce value chain of distributors and customers. DigiAsia’s embedded fintech solutions equally address democratizing digital finance access that supports financial inclusion of underbanked merchants and consumers in emerging markets resulting in growth for enterprise business. The suite of B2B2X solutions provided by DigiAsia include, but are not limited to, cashless payments, digital wallets, digital banking, remittances and banking licenses. DigiAsia has recently established a strategic initiative to develop its embedded FaaS enterprise solution with AI capabilities in Southeast Asia, India, and the Middle East, with plans for global expansion. For more information, please visit DigiAsia’s Corporate website here or Investor Relations website here.

    About Digit9

    Digit9 is a payments orchestration platform tailored to meet the diverse needs of financial institutions. It seamlessly integrates an array of payment methods, banks, and service providers, simplifying the complexities of cross-border payments. Digit9 has been developed by LuLu Money Singapore, a wholly owned subsidiary of LuLu Financial Holdings.

    About LuLu Financial Holdings

    LuLu Financial Holdings is a leading global financial services provider, offering a wide range of services including cross-border payments, currency exchange, and financial technology solutions. With over 350 customer engagement centers in over 10 countries and a commitment to innovation and customer satisfaction, LuLu Financial Holdings continues to set benchmarks in the financial services industry.

    Forward-Looking Statements:

    This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

    DigiAsia Company Contact:
    Subir Lohani
    Chief Financial Officer and Chief Strategy Officer
    646-480-0142

    Lulu Financial Holdings Company Contact:
    Ajit Johnson
    Head of Strategic Business Relations
    ajit.johnson@lulufin.com

    Investor Contact:
    MZ North America
    Email: FAAS@mzgroup.us

    The MIL Network –

  • MIL-OSI NGOs: France: Discriminatory algorithm used by the social security agency must be stopped 

    Source: Amnesty International –

    The French authorities must immediately stop the use of a discriminatory risk-scoring algorithm used by the French Social Security Agency’s National Family Allowance Fund (CNAF), which is used to detect overpayments and errors regarding benefit payments, Amnesty International said today.

    On 15 October, Amnesty International and fourteen other coalition partners led by La Quadrature du Net (LQDN) submitted a complaint to the Council of State, the highest administrative court in France, demanding the risk-scoring algorithmic system used by CNAF be stopped.  

    “From the outset, the risk-scoring system used by CNAF treats individuals who experience marginalization – those with disabilities, lone single parents who are mostly women, and those living in poverty – with suspicion. This system operates in direct opposition to human rights standards, violating the right to equality and non-discrimination and the right to privacy,” said Agnès Callamard, Secretary General at Amnesty International.

    In 2023, La Quadrature du Net (LQDN) got access to versions of the algorithm’s source code – a set of instructions written by programmers to create a software – thereby exposing the discriminatory nature of the system.

    Since 2011, CNAF has used a risk-scoring algorithm to identify people who are potentially committing benefits fraud by receiving overpayments. The algorithm assigns a risk score between zero and one to all recipients of family and housing benefits. The closer the score is to one, the higher the probability of being flagged for investigation.

    Overall, there are 32 million people in France living in households that receive a benefit from CNAF. Their sensitive personal data, as well as that of their family, is processed periodically, and a risk score is assigned.

    The criteria that increase one’s risk score include parameters which discriminate against vulnerable households, including being on a low income, being unemployed, living in a disadvantaged neighbourhood, spending a significant portion of income on rent, and working while having a disability. The details of those who are flagged due to having a high-risk score are compiled into a list that is investigated further by a fraud investigator.

    “While authorities herald the rollout of algorithmic technologies in social protection systems as a way to increase efficiency and detect fraud and errors, in practice, these systems flatten the realities of people’s lives. They work as extensive data-mining tools that stigmatize marginalized groups, and invade their privacy,” said Agnès Callamard.

    Amnesty International did not investigate specific cases of people flagged by the CNAF system. However, our investigations in Netherlands and Serbia suggest that using AI-powered systems and automation in the public sector enables mass surveillance: the amount of data that is collected is disproportionate to the purported aim of the system. Moreover, evidence by Amnesty International also exposed how many of these systems have been quite ineffective at actually doing what they purport to do—whether it be identifying fraud or errors in the benefits system.

    While authorities herald the rollout of algorithmic technologies in social protection systems as a way to increase efficiency and detect fraud and errors, in practice, these systems flatten the realities of people’s lives. They work as extensive data-mining tools that stigmatize marginalized groups, and invade their privacy.

    Agnès Callamard, Secretary General, Amnesty International

    It has also been argued that the scale of errors or fraud in benefits system has been exaggerated to justify the development of such tech systems, often leading to discriminatory or racist or sexist targeting of particular groups, particularly migrants and refugees.

    Over the past year, France has been actively promoting itself internationally as the next hub for artificial intelligence (AI) technologies, culminating in a summit scheduled for February 2025. At the same time, France has also been legalizing mass surveillance technologies and has consistently undermined the EU’s AI Act negotiations.

    “France is relying on a risk-scoring algorithmic system for social benefits that highlights, sustains and enshrines the bureaucracy’s prejudices and discrimination. Instead, France should ensure that it complies with its human rights obligations in the first place that of non-discrimination. The authorities must address current and existing AI-related harms amid the country’s quest to become a global AI hub,” said Agnès Callamard.

    Under the newly adopted European Artificial Intelligence Regulation (AI Act), AI systems used by authorities to determine access to essential public services and benefits are considered to pose high risk to rights, health and safety of people. Therefore, they must meet strict technical, transparency and governance rules, including an obligation on deployers to carry out an assessment of human rights risks and guarantee mitigation measures before deployment.

    In the meantime, certain systems, such as those used for social scoring, are considered to pose unacceptable level of risk and therefore must be banned.

    It is unfortunate that EU lawmakers have been vague in explicitly defining social scoring within the AI Act. The European Commission must ensure that its upcoming guidelines provide a clear and enforceable interpretation of the social scoring ban, especially as it applies to discriminatory fraud detection and risk-scoring systems. 

    Agnès Callamard

    It is currently unclear whether the system used by CNAF qualifies as a social scoring system due to a lack of clarity in the AI Act on what constitutes such a system.

    “It is unfortunate that EU lawmakers have been vague in explicitly defining social scoring within the AI Act. The European Commission must ensure that its upcoming guidelines provide a clear and enforceable interpretation of the social scoring ban, especially as it applies to discriminatory fraud detection and risk-scoring systems,” said Agnès Callamard.

    Regardless of its classification under the AI Act, all evidence suggests that the system used by CNAF is discriminatory. It is essential that authorities stop employing it and scrutinize biased practices that are inherently harmful especially to marginalized communities seeking social benefits.

    Background

    The European Commission will issue guidance on how to interpret the prohibitions in the AI Act prior to their entry into force on 2 February 2025, including what would qualify as social scoring systems.

    In August 2024, the AI Act came into force. Amnesty International, as part of a civil society coalition led by the European Digital Rights Network (EDRi), has been calling for EU artificial intelligence regulation that protects and promotes human rights.

    In March 2024, an Amnesty International briefing outlined how digital technologies including artificial intelligence, automation, and algorithmic decision-making are exacerbating inequalities in social protection systems across the world

    In 2021, Amnesty International’s report Xenophobic Machines exposed how racial profiling was baked into the design of the algorithmic system by the Dutch tax authorities that flagged claims for childcare benefits as potentially fraudulent. 

    MIL OSI NGO –

  • MIL-OSI NGOs: France: Government must stop using dangerous AI-powered surveillance to tackle benefit fraud

    Source: Amnesty International –

    Authorities must immediately stop using discriminatory algorithm used by the social security agency

    The risk-scoring system treats marginalised individuals with suspicion

    ‘This system operates in direct opposition to human rights standards, violating the right to equality and non-discrimination and the right to privacy’ – Agnès Callamard

    The French authorities must immediately stop the use of a discriminatory risk-scoring algorithm used by the French Social Security Agency’s National Family Allowance Fund (CNAF), which is used to detect overpayments and errors regarding benefit payments, Amnesty International said today. 

    On 15 October, Amnesty and 14 other coalition partners led by La Quadrature du Net (LQDN) submitted a complaint to the Council of State, the highest administrative court in France, demanding the risk-scoring algorithmic system used by CNAF be stopped.

    In 2023, LQDN gained access to versions of the algorithm’s source code – a set of instructions written by programmers to create a software – exposing the discriminatory nature of the system.

    Since 2011, CNAF has used a risk-scoring algorithm to identify people who are potentially committing benefits fraud by receiving overpayments. The algorithm assigns a risk score between zero and one to all recipients of family and housing benefits. The closer the score is to one, the higher the probability of being flagged for investigation.

    Agnès Callamard, Secretary General at Amnesty International, said:

    “From the outset, the risk-scoring system used by CNAF treats individuals who experience marginalisation – those with disabilities, lone single parents who are mostly women, and those living in poverty – with suspicion. This system operates in direct opposition to human rights standards, violating the right to equality and non-discrimination and the right to privacy.

    “While authorities herald the rollout of algorithmic technologies in social protection systems to increase efficiency and detect fraud and errors, in practice, these systems flatten the realities of people’s lives. They work as extensive data-mining tools that stigmatise marginalised groups and invade their privacy.

    “France is relying on a risk-scoring algorithmic system for social benefits that highlights, sustains and enshrines the bureaucracy’s prejudices and discrimination. Instead, France should ensure that it complies with its human rights obligations in the first place that of non-discrimination. The authorities must address current and existing AI-related harms amid the country’s quest to become a global AI hub.”

    Putting people at risk

    There are currently 32 million people in France receiving a benefit from CNAF. Their sensitive personal data, as well as that of their family, is processed periodically, and a risk score is assigned.

    The criteria that increase one’s risk score include parameters which discriminate against vulnerable households, including being on a low income, being unemployed, living in a disadvantaged neighbourhood, spending a significant portion of income on rent, and working while having a disability. The details of those who are flagged due to having a high-risk score are compiled into a list that is investigated further by a fraud investigator. 

    Amnesty did not investigate specific cases of people flagged by the CNAF system. However, its investigations in the Netherlands and Serbia suggest that using AI-powered systems and automation in the public sector enables mass surveillance and the amount of data collected is disproportionate to the purported aim of the system.

    Amnesty has also exposed how many of these systems have been quite ineffective at doing what they purport to do—whether it be identifying fraud or errors in the benefits system. 

    It has also been argued that the scale of errors or fraud in benefits system has been exaggerated to justify the development of such tech systems, often leading to discriminatory or racist or sexist targeting of particular groups – particularly migrants and refugees.

    Over the past year, France has been actively promoting itself internationally as the next hub for  AI technologies, culminating in a summit scheduled for February 2025. At the same time, France has also legalised mass surveillance technologies and consistently undermined the EU’s AI Act negotiations.

    Under the newly adopted European Artificial Intelligence Regulation (AI Act), AI systems used by authorities to determine access to essential public services and benefits are considered to pose high risk to rights, health and safety of people. Therefore, they must meet strict technical, transparency and governance rules, including an obligation on deployers to carry out an assessment of human rights risks and guarantee mitigation measures before deployment. 

    In the meantime, certain systems, such as those used for social scoring, are considered to pose unacceptable level of risk and therefore must be banned.

    It is currently unclear whether the system used by CNAF qualifies as a social scoring system due to a lack of clarity in the AI Act on what constitutes such a system. 

    Regardless of its classification however, all evidence suggests that the system is discriminatory. It is essential that authorities stop employing it and scrutinise biased practices that are inherently harmful – especially to marginalised communities seeking social benefits.

    Regulation and algorithms of discrimination

    The European Commission will issue guidance on how to interpret the prohibitions in the AI Act prior to their entry into force on 2 February 2025, including what would qualify as social scoring systems.

    In August 2024, the AI Act came into force. Amnesty, as part of a civil society coalition led by the European Digital Rights Network, has been calling for EU artificial intelligence regulation that protects and promotes human rights.

    In March this year, an Amnesty briefing outlined how digital technologies including artificial intelligence, automation, and algorithmic decision-making are exacerbating inequalities in social protection systems across the world.

    In 2021, Amnesty’s report Xenophobic Machines exposed how racial profiling was baked into the design of the algorithmic system by the Dutch tax authorities that flagged claims for childcare benefits as potentially fraudulent. 

    MIL OSI NGO –

  • MIL-OSI Economics: Samsung Expands Its Galaxy Wearables Ecosystem in India to Bring Premium Healthcare Experience with Galaxy Ring Starting INR 38999

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today announced the launch of its highly anticipated Galaxy Ring in India. Providing a sleek, stylish and compact form factor, this latest addition to the wearable’s portfolio is central to Samsung’s vision for Galaxy AI to enhance digital health, delivering personalized insights and tailored health experiences to customers.
     
    The launch of Galaxy Ring marks a new step in active and autonomous health management, moving beyond mere monitoring to offer users valuable guidance for healthier lifestyles. Galaxy Ring features advanced sensors that provide insights to help users understand their lifestyle patterns, helping them to manage their health goals.
     
    Designed for 24/7 health monitoring, Galaxy Ring offers a simple approach to everyday wellness. Blending timeless style with revolutionary functionality, it will be available in 9 different sizes, ranging from Size 5 to Size 13. Weighing just 2.3 grams for Size 5 with a width of just 7.0 mm, Galaxy Ring is ultra-lightweight, making it ideal for all-day wear. The weight of Galaxy Ring varies with size, going up to 3 grams for the biggest size (Size 13). Its distinct concave design adds a touch of elegance while maintaining durability. Despite its size, the device offers up to 7 days of battery life encased in a specially designed charging case that features aesthetic LED lighting to indicate charging status. The charging case comes with a clamshell design reminiscent of a jewellery box.
     
    Engineered with premium materials, including a titanium finish for enhanced durability, Galaxy Ring is IP68 water- and dust-resistant and can withstand depths of up to 100 meters with its 10ATM rating. This makes Galaxy Ring a sophisticated yet rugged accessory, perfect for all use cases.
     
    “The launch of Galaxy Ring marks a massive leap in Samsung’s commitment to democratize cutting-edge technology for everyone, helping users turn data in to meaningful insights and create a whole new era of expanded, intelligent health experiences. Galaxy Ring is not just another wearable, it’s a revolutionary health-tech device that blends innovation with accessibility. With advanced AI-driven insights, 24/7 health monitoring and a sleek, lightweight design, it empowers users to seamlessly track their wellness anytime, anywhere. With Galaxy Ring, we’re paving the way for a healthier, more connected future for all,” said Aditya Babbar, Vice President, MX Business, Samsung India.
     
    Powered by Samsung’s proprietary “Health AI”, Galaxy Ring delivers real-time insights intuitively, so users can simply wear it and let the AI-driven insights work in the background, providing personalized recommendations and wellness tips. All data and insights are integrated into Samsung Health for seamless access within one cohesive platform without a subscription.
     
    Starting with sleep, Galaxy Ring features Samsung’s best-in-class sleep analysis and a powerful sleep AI algorithm. Along with Sleep Score and snoring analysis, new sleep metrics such as movement during sleep, sleep latency, heart and respiratory rate provide a detailed and accurate analysis of sleep quality.
     
    Additionally, Galaxy AI generates a detailed health report that includes health metrics like Energy Score to enhance consumer’s awareness of the ways their health influences your daily life. This score is calculated by evaluating physical and mental capacity across four significant factors: Sleep, Activity, Sleeping Heart Rate and Sleeping Heart Rate Variability. In addition, the Wellness Tips feature is driven by comprehensive data and provides personalized insights according to user’s goals. Galaxy Ring also supports everyday wellness monitoring, allowing users to stay informed about heart health with HR monitoring providing alerts for high/low heart rates. Galaxy Ring is able to auto-detect workouts (walking & running) as well as provides inactive alerts to users keeping them motivated to achieve their goals. Furthermore, Galaxy Smartphone consumers can activate simple Gesture controls (like double pinch) on Galaxy Ring to easily take photos or dismiss alarms.  Furthermore, Galaxy Ring works seamlessly when worn simultaneously with Samsung Galaxy Watch providing enhanced accuracy of health and wellness tracking and improved battery life (up to 30%)
     
    Design, Availability and Pricing
    Galaxy Ring starts at INR 38999 and will be available on Samsung.com, select retail stores, Amazon.in and Flipkart.com.
     
    Empowering consumers to stay true to their personal style with three colour choices — Titanium Black, Titanium Silver and Titanium Gold, Galaxy Ring is poised to fit comfortably on users’ fingers like a traditional ring. Customers who are unsure about their ring size have the option to first get a sizing kit to verify the best fit before purchasing Galaxy Ring.
     
    Customers can also purchase the Galaxy Ring starting at just INR 1,625 per month with 24 months No Cost EMI across leading bank cards as well as financing through Samsung Finance+ and Bajaj Finance. In addition, Samsung is also offering a 25W Travel adapter to customers who purchase Galaxy Ring until 18th October, 2024.

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung Partners with Contiki Travel for Exclusive Summer Offer

    Source: Samsung

    Samsung Electronics is excited to announce a new partnership with Contiki Travel, aimed at travel enthusiasts looking to enhance their journeys with cutting-edge technology. This collaboration showcases how the Galaxy S24 FE’s state-of-the-art camera and Galaxy AI features come to life during travel, offering a unique opportunity to create unforgettable memories this summer.
     
    From October 11 to November 30, 2024, customers who purchase a Samsung Galaxy S24 FE will receive up to 40% off a Contiki trip to destinations around the globe[1]. This exclusive offer caters to young travellers who embody the spirit of adventure, living by the Contiki motto Travel Together. Contiki Travel was created for 18 to 35 year-olds who want to travel the world and experience as much as possible. With dream itineraries designed for those eager to explore the world, Contiki offers great experiences that maximise travel.
     
    To enjoy this special offer, you need to:
    Purchase a Samsung Galaxy S24 FE at Samsung Online or participating retailers and operators.
    Claim your voucher code via the Samsung Members App.
    Call Contiki to book your next dream holiday.
     
    Note: The redemption period for this offer is 11 October to 15 December 2024.
     

     
    “At Samsung, we aim to create opportunities for our beloved customers to enjoy the best that life has to offer and this partnership is one example of that. We believe in empowering our users to experience the world around them through the lens of innovation,” said Kgomotso Mosiane, Head of Marketing for Mobile eXperience at Samsung Electronics. “The Galaxy S24 FE is designed to enhance every moment, ensuring that every adventure is captured beautifully, and we’re thrilled to partner with Contiki to offer this exciting travel opportunity.”
     
    The Galaxy S24 FE is equipped with a powerful triple camera setup led by a 50 MP sensor, the most advanced in the Galaxy FE series. With features like Super HDR for vibrant colours, low-light enhancements, and Optical Quality Zoom, users can capture stunning images of your travels from every angle. The ProVisual Engine and AI-powered tools offer an unparalleled photography experience, while the Instant Slow-mo feature adds a creative touch to video memories.
     
    In addition, the Galaxy AI suite includes Circle to Search with Google for effortless information retrieval on your journeys and real-time voice translation with Live Translator, making international communication seamless. With the Interpreter feature, users have a personal assistant to help navigate foreign environments.
     
    This partnership between Samsung and Contiki is set to redefine how young travellers document their journeys, blending advanced technology with extraordinary experiences. Don’t miss out on this exclusive offer—capture your adventures and travel without regrets.
     

    @kukwami_la Exam in Progress, The Travel Math is mathing with @Samsung South Africa & @Contiki | Travel Together Save up to 40% on a Contiki trip when you buy the Samsung Galaxy S24 FE. This is how I plan to travel this summer. #TravelMath #GalaxyS24FE #GalaxyAI #Contiki ♬ original sound – Nokwanda Gumede

     

    @ash_sewlal You buy a Samsung Galaxy S24 FE, you get up to 40% off on a Contiki trip, which means you’re saving money, which means you’re basically making money – seems like a no brainer to me @Samsung South Africa @Contiki | Travel Together #TravelMaths #GalaxyS24FE #GalaxyAI #Contiki ♬ original sound – Ash Sewlal

     

    @minojaa And gurla you actually can’t stop me bc I already have the Samsung Galaxy S24 FE but it makes sense right?? Up to 40% off my next Contiki trip just for getting a phone? I basically got the phone and pocket money for free! @Samsung @Contiki | Travel Together #GalaxyS24FE #GalaxyAI #TravelMath #Contiki ♬ original sound – Nintendo

     
    [1]Terms and Conditions Apply. Redemption through Samsung Members app. Contiki voucher Ts & Cs apply. Participating operators and retailers Ts &Cs apply.

    MIL OSI Economics –

  • MIL-OSI: Arctic Wolf 2024 Human Risk Behavior Snapshot Reveals Nearly Two-Thirds of Security and IT Leaders Have Fallen for Phishing Attacks

    Source: GlobeNewswire (MIL-OSI)

    EDEN PRAIRIE, Minn., Oct. 16, 2024 (GLOBE NEWSWIRE) — Arctic Wolf®, a global leader in security operations, today published findings from its 2024 Human Risk Behavior Snapshot based on a global survey the company commissioned with Sapio Research of more than 1,500 senior IT and security decision-makers and end- users from over sixteen different countries.

    As modern threat actors gain access to increasingly more sophisticated AI tools, employees play an even more critical role in their organizations cyber defenses. The 2024 Arctic Wolf Human Risk Behavior Snapshot aims to provide business leaders and security practitioners with a better understanding of the people practices and behaviors in their organizations in a post gen-AI world and offer insight into common human risk elements.

    Key findings from the report include:

    • Consequences for Human-Related Security Failures are Steep: 27% of IT leaders have witnessed an employee termination for falling victim to a scam.
    • IT Leaders Prove to be Delinquent in Security Practices: More than a third (36%) of IT leaders have disabled security measures on their system.
    • Overconfidence Rings True for IT Professionals: 80% of IT leaders are confident their organization won’t fall for a phishing attack, despite the fact that 64% have clicked on phishing links themselves.
    • Password Reuse is Still a Significant Challenge: 68% of IT and cybersecurity leaders admit to reusing system passwords.
    • AI Policies Still in Early Adoption: 60% of IT leaders say their organization has an AI policy—but less than a third (29%) of end users are aware of it.

    “Protecting against the human element is a concern security practitioners have held as a top priority for years – and the data in the 2024 Arctic Wolf Human Risk Behavior Snapshot proves both leaders and end users still have a lot of work to ensure that they as individuals aren’t adversely impacting the overall security of their organizations,” said Adam Marre, chief information security officer, Arctic Wolf. “Cybersecurity isn’t just about technology—it’s about people. As threat actors grow more sophisticated, security leaders must move beyond traditional security training methods and adopt a comprehensive human risk management strategy that will not only help them to better identify and mitigate threats, but more importantly foster a more proactive and security-conscious workforce.”

    Security awareness training has historically been a core pillar of security operations, but traditional training solutions that operate on an annual cadence and offer a “check the box” approach to compliance are wildly ineffective, leaving employees unengaged and uninformed about the latest attacks targeting them. This snapshot report reveals how important it is for IT and security leaders to embrace the concept of human risk management within their organizations and explores how solutions such as Arctic Wolf Managed Security Awareness can help create a security culture instead of a culture of blame.

    For additional insights from Arctic Wolf’s Human Risk Behavior Snapshot, visit arcticwolf.com to download the full report and register for the 2024 Cybersecurity Awareness Month Summit by region below:

    Additional Resources:

    About Arctic Wolf:
    Arctic Wolf® is a global leader in security operations, enabling customers to manage their cyber risk in the face of modern cyber-attacks via a premier cloud-native security operations platform. The Arctic Wolf Security Operations Cloud ingests and analyzes more than 5.5 trillion security events a week to help enable cyber defense at an unprecedented capacity and scale, empowering customers of virtually any size across a wide range of industries to feel confident in their security posture, readiness, and long-term resilience. By delivering automated threat protection, response, and remediation capabilities, Arctic Wolf delivers world-class security operations with the push of a button so customers can defend their greatest assets at the speed of data.

    Press Contact:
    Lauren Back
    pr@arcticwolf.com

    © 2024 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Arctic Wolf Platform, Arctic Wolf Security Operations Cloud, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Security Awareness, Arctic Wolf Incident Response, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.

    The MIL Network –

  • MIL-OSI: Suspected Digital Fraud Coming from Canada Up Nearly 11% Since H1 2023, Reveals New TransUnion Analysis

    Source: GlobeNewswire (MIL-OSI)

    In H1 2024, 5.7% of all attempted digital transactions originating from Canada were suspected to be Digital Fraud; more than half (54%) of Canadians said they were recently targeted by fraud attempts.

    Canadian business leaders said their companies lost approximately 6% of their equivalent revenue – representing $78 billion – over the past year due to fraud.

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — In the first half (H1) of 2024, Canada saw a significant increase in suspected Digital Fraud attempts, with nearly 5.74% of all attempted digital transactions where the consumer was located in Canada involving suspected Digital Fraud, revealed a new TransUnion® (NYSE: TRU) analysis. This is nearly an 11% year-over-year (YoY) rate increase from H1 2023, and TransUnion also documented an 11% increase in the volume of suspected Digital Fraud from Canada during this period, despite a less than a one percent (0.7%) YoY increase in the volume of transactions.

    According to a recent TransUnion survey,1 more than half (54%) of Canadians said they were recently targeted by email, phone call or text message fraud attempts. Phishing was the most common scheme type (45%), followed by smishing (42%) and vishing (39%).

    The increasing use of digital transactions, combined with rising suspected Digital Fraud attempts are also impacting businesses as they potentially face revenue losses and increased operational costs due to fraud. According to a TransUnion business survey for the H2 2024 Update to the State of Omnichannel Fraud report, 200 Canadian business leaders said their companies lost approximately 6% of equivalent revenue – representing $78 billion – over the past year due to fraud. The most prominent causes of fraud loss cited by them were:

    • Scam/Authorized fraud (31%): Dishonest scheme intended to trick a person into giving up something of value (e.g., account access, money, information)
    • Account takeover (19%): Unauthorized individuals taking over someone’s online account (e.g., bank, social media, email) without their permission
    • Synthetic identity fraud (18%): Use of a combination of personal information to fabricate a person or entity to commit a dishonest act for financial or personal gain

    TransUnion also found that suspected Digital Fraud attempts – where the consumer was transacting in Canada and targeted businesses globally – increased on average by 10.5% YoY in H1 2024 compared to H1 2023 and impacted all industries.

    Top Three Industries Globally with Highest Rate of Suspected Digital Fraud Attempts Coming from Canada in H1 2024

    1. Gambling (online sports betting, poker, etc.) – 9.6%
    2. Retail – 9.2%
    3. Government – 7.7%

    Top Three Industries Globally with Highest YoY Increase (H1 2024 vs H1 2023) in the Rate of Suspected Digital Fraud Attempts Coming from Canada

    1. Logistics – 172.9%
    2. Gambling – 79.3%
    3. Video gaming – 67.8%

    “Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by companies to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Patrick Boudreau, head of identity management and fraud solutions at TransUnion Canada.

    “Businesses that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs,” he added.

    For more insights, read the H2 2024 Update to the State of Omnichannel Fraud report.

    About the Analysis
    TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate® The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud. 

    Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.

    Consumers who believe they may be a victim of fraud can find resources and information here.

    About TransUnion®(NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
    For more information visit: http://www.transunion.ca

    ____________________
    1 TransUnion Q3 2024 Consumer Pulse survey of 1,000 consumers – conducted between July 16–23, 2024.

    The MIL Network –

  • MIL-OSI Russia: NSU presented the program of the upcoming scientific and production forum “Golden Valley” at the TASS press center

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Today, a press conference dedicated to the upcoming Golden Valley forum was held at the TASS press center in Novosibirsk.

    Rector of NSU, Academician of the Russian Academy of Sciences Mikhail Fedoruk, speaking about the reasons for holding the forum, noted:

    — Now, due to the development of the university, due to the fact that it has significantly expanded in scale and in the number of faculties, students and the projects that it carries out, it plays the role of a center of attraction on the territory of the Novosibirsk Scientific Center. This is facilitated by the university’s participation in all key federal development programs, such as “Priority 2030”, Advanced Engineering Schools, Creation of a Network of Modern Campuses, etc. The university is beginning to more actively position itself as a leading educational and scientific-technological center. Therefore, we are holding the second forum, which brings together large enterprises and scientific organizations. The goal of the forum is to strengthen and develop the university’s interaction with industrial partners and in the future to attract them to joint developments and technologies already based on the university.

    Next, Alexander Lyulko, Director of the Center for Interaction with Government Authorities and Industrial Partners of NSU, spoke in more detail about the forum program. This year it includes a business part – these are plenary sessions and sections on various topics; an exhibition of projects, technologies and developments; negotiations (a platform for signing agreements and contracts between forum participants); and a cultural and entertainment program with a scientific twist.

    There will be two plenary sessions within the framework of the “Golden Valley”: on the first day – on the topic “Requests of the real sector of the economy for the creation of new technologies”; on the second day – on the topic “Scientific developments for industry”. Within the framework of the second session, developments of NSU and scientific organizations of Akademgorodok, which may be of interest to industrial partners, will be presented.

    The forum will have 8 sections: Aviation; Unmanned systems; Mechanical engineering. Instrument making; Artificial intelligence in industry and robotics; Energy; Smart city technologies. Construction; Agriculture; Medicine; and a round table “Personnel for industry” will also be held.

    Among the key speakers from government and business: Sergey Semka, Deputy Governor of the Novosibirsk Region; Vadim Vasiliev, Minister of Science and Innovation Policy of the Novosibirsk Region; Sergey Tsukar, Minister of Digital Development and Communications of the Novosibirsk Region; Anna Korotchenkova, Vice President for Technology at AFK Sistema; Viktor Slavyantsev, Head of Highest Category Innovative Development Projects at Rostec State Corporation; Evgeny Pavlov, Head of Innovative Development Department at United Engine Corporation; Konstantin Kotlyarov, Head of R&D at AvtoVAZ, etc.

    On behalf of the scientific community: Aleksandr Rumyantsev, Academician of the Russian Academy of Sciences, President of the Dmitry Rogachev National Medical Research Center for Pediatric Hematology, Oncology and Immunology of the Ministry of Healthcare of the Russian Federation, State Duma Deputy; Sergey Alekseenko, Academician of the Russian Academy of Sciences, Scientific Director of the Institute of Thermophysics of the Siberian Branch of the Russian Academy of Sciences; Mikhail Voevoda, Academician of the Russian Academy of Sciences, Deputy Chairman of the Siberian Branch of the Russian Academy of Sciences, Director of the Federal Research Center for Fundamental and Translational Medicine; Aleksandr Latyshev, Academician of the Russian Academy of Sciences, Director of the Institute of Semiconductor Physics; Dmitry Markovich, Academician of the Russian Academy of Sciences, First Deputy Chairman of the Siberian Branch of the Russian Academy of Sciences, Director of the Institute of Thermophysics of the Siberian Branch of the Russian Academy of Sciences; Sergey Netyosov, Academician of the Russian Academy of Sciences, Head of the Laboratory of Biotechnology and Virology, NSU Natural Sciences Department; Sergey Abin, Director of the Institute of Automation and Electrometry, Corresponding Member of the Russian Academy of Sciences; Dmitry Kudlai, Vice President for the Implementation of New Medical Technologies at Generium JSC, Corresponding Member of the Russian Academy of Sciences and others.

    This year, the forum program will be expanded with satellite events. This is primarily a technology exhibition, where NSU will present its developments, as well as a tour of the university’s innovation centers and laboratories. Also, over the course of three days, the NSU career forum will be held, which will bring together major employers interested in collaborating with the university.

    The Golden Valley will host strategic sessions on the following topics: “Digital Transformation: Artificial Intelligence in Solving Public Sector Problems”, which will be chaired by Sergey Tsukar, Minister of Digital Development and Communications of the Novosibirsk Region; “Chemical Technologies and Deep Processing of Raw Materials” (organized by the Interregional Association “Siberian Agreement”); “Development of Entrepreneurship Technologies in Universities in the Interests of Industry”.

    The forum is expected to see the signing of a number of agreements between NSU and industrial partners on joint developments, the implementation of projects in the field of introducing new technologies, including artificial intelligence, and the creation of consortiums and associations to solve industry problems.

    We remind you that the forum is held with the support of the Office of the Plenipotentiary Representative of the President of the Russian Federation in the Siberian Federal District, the Interregional Association “Siberian Agreement”, the Government of the Novosibirsk Region, the Siberian Branch of the Russian Academy of Sciences, the Council of Rectors of Universities of the City of Novosibirsk and the Technopark of the Novosibirsk Akademgorodok.

    The Forum’s Program Committee is headed by the Rector of NSU, Academician of the Russian Academy of Sciences M.P. Fedoruk. It includes the Chairman of the Siberian Branch of the Russian Academy of Sciences, Academician V.N. Parmon, ministers of the Novosibirsk Region government, heads of leading institutes of the Russian Academy of Sciences, directors of industrial enterprises, the Chairman of the Council of Rectors of Universities, representatives of the largest state corporations – Rostec, Rosatom, UEC, government bodies, academic institutes, development institutes of Novosibirsk and other Russian cities.

    All information about the forum, current program, news are presented on the website: http://zd.nsu.ru/

    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.nsu.ru/n/media/nevs/science/ngu-presented-the-program-of-the-upcoming-scientific-production-forum-golden-valley-in-press-ts/

    MIL OSI Russia News –