NewzIntel.com

Category: Machine Learning

  • MIL-OSI Security: Australian support for enhanced INTERPOL database to combat online child abuse

    Source: Interpol (news and events)

    18 November 2022

    LYON, France – The Australian Federal Police (AFP) is contributing AUD 815,000 for a significant enhancement to INTERPOL’s International Child Sexual Exploitation (ICSE) database.

    The ICSE database is a ground-breaking tool to advance child exploitation investigations through strengthened global information sharing.

    The upgrade, known as ICSE Next Generation, is designed to speed up the process by which investigators identify victims in child exploitation material, through integration of the latest technologies for improved text, audio and video analysis, facial recognition, and artificial intelligence.

    Launched 13 years ago, ICSE currently connects specialist investigators in 68 countries and has so far assisted in the identification of more than 31,000 victims, including 860 victims in Australia.

    On average, around seven victims are identified every day.

    Offenders identified

    In addition, more than 14,000 offenders have been tracked and arrested by law enforcement, including 349 in Australia.

    AFP Commissioner Reece Kershaw said the AFP’s partnership with INTERPOL to support the upgrade of the database highlighted the commitment of law enforcement to protecting children around the world, while bringing offenders to justice.

    AFP Commissioner Kershaw and Secretary General Stock announce the boost to the International Child Sexual Exploitation (ICSE) database.

    “We know we can’t win this important battle alone. The advancement of this database is a game changer for how law enforcement around the world can work together to protect our society’s most vulnerable – our children,” he said.

    Commissioner Kershaw said child protection investigations would be bolstered with law enforcement agencies avoiding duplication of effort by triaging online child exploitation material multiple times in multiple jurisdictions.

    Target, track and disrupt

    “This specialized tool means our investigators will be faster and more efficient than ever before, allowing us to quickly target, track and disrupt those seeking to harm and exploit children around the world – and most importantly, bring them to justice.

    “The AFP is proud to partner with INTERPOL, along with our state, Commonwealth and international law enforcement counterparts, to combat this insidious crime,” concluded Commissioner Kershaw.

    “The AFP’s decision to provide this funding underlines its strong and unwavering commitment to child protection, as well as its confidence in INTERPOL’s ICSE database which is a vital policing tool.” Jürgen Stock, INTERPOL Secretary General

    “We are seeing a consistent, and worrying, increase in the amount of online child sexual abuse and exploitation material, where every image is evidence of a crime.

    “Only through global cooperation, supported by the latest technologies, can law enforcement effectively work to identify and rescue victims around the world,” concluded Secretary General Stock.

    The AFP-led Australian Centre to Counter Child Exploitation (ACCCE) and AFP Child Protection Operations frequently contribute to the ICSE database, ensuring that investigators in other countries can benefit from the work undertaken in Australia to help identify victims.

    In May 2022, the ACCCE VIU hosted the third National Victim Identification Taskforce, during which more than 3,500 files were de-conflicted against the ICSE database, with images from 55 newly-identified victims added for potential identification.

    MIL Security OSI –

  • MIL-OSI Russia: ‘Distance is not a problem’: HSE develops cooperation with think tanks of BRICS countries

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    At the end of September Institute for Statistical Studies and Economics of Knowledge (ISSEK) HSE held a meeting with representatives of analytical centers from Brazil, India, and Egypt. The participants considered the possibilities of cooperation, including conducting joint surveys and comparative studies, and discussed the formation of common databases and joint publications on foresight and scientific and technical policy. A decision was also made to prepare a draft multilateral agreement on the establishment of the BRICS Foresight Research Association.

    Leonid Gokhberg, First Vice-Rector of the National Research University Higher School of Economics and Director of the ISSEK, welcomed the participants and presented an overview of HSE research activities in areas of possible cooperation, focusing in particular on those conducted by the team of the Institute for Statistical Studies and Economics of Knowledge.

    ISSEK comprises 19 research centres and two international laboratories, with over 240 employees, making it the largest research unit of the Higher School of Economics. The key areas of the institute’s activities are statistical measurements and forecasting of development directions in science, technology, innovation, education, the digital economy and creative industries. ISSEK scientists analyse scientific, technical and innovation policies implemented in Russia and around the world, and study the factors of sustainable economic growth, social welfare and competitiveness.

    ISSEK is implementing a number of large-scale research projects. The Doing Science in Russia study analyzes the current state of Russian science and its development prospects. The Russian Cluster Observatory, which studies the innovative and creative development of cities and regions, publishes two ratings: the Innovative Development Rating of Russian Regions and the HSE Global Cities Innovation Index. In the third, recently published edition, the authors examine more than 1,000 agglomerations with the largest number of high technologies and creative leaders from 144 countries. Hundreds of ISSEK research projects use the results of the unique iFORA big data mining system developed by its team.

    Leonid Gokhberg outlined potential areas of cooperation between ISSEK and foreign partners in the framework of joint research, publications and courses in such areas as foresight, the use of big data, scientific and technical policy, the business climate in the field of science and technology, the digital economy, the creative economy, and innovative urban development.

    The Director of the ISSEK also proposed the creation of a BRICS Foresight Research Association, which would promote cooperation in the field of futures research.

    Fernando Rizzo, Director of the Center for Strategic Studies and Management in Science, Technology and Innovation (CGEE, Brazil), introduced the audience to the history and activities of the organization. CGEE was founded in 2001 and has 115 employees. The center supports decision-making processes on topics related to science, technology and innovation. CGEE experts evaluate and monitor public policies, identify promising technologies and competencies, conduct foresight studies, and provide strategic consulting services for decision-making. CGEE includes several research observatories: Information Services for Science, Technology and Innovation; Space Technology Observatory; Science, Technology and Innovation Observatory; Innovation Observatory for Sustainable Cities; Bioeconomy Observatory; Digital Transformation Observatory.

    In 2024, CGEE organized the 5th National Conference on Science, Technology and Innovation, a major event that attracted a total of 30,000 participants from 27 Brazilian states. The conference presented the Brazilian Plan for Artificial Intelligence (BPAI) 2024-2028.

    Dr. Mohamed Ramadan Rezk, Director of the Egyptian Science, Technology and Innovation Observatory (ESTIO, Egypt), began his presentation with the surprising idea that foresight existed as far back as Ancient Egypt, where the future, i.e. life after death, was depicted on bas-reliefs. In its modern sense, foresight research began in Egypt in 1975, when the Food and Agriculture Organization of the United Nations conducted a study on the demographic impact of potential development strategies from 1975 to 1985. ESTIO was established in February 2014 as a subordinate organization of the Academy of Scientific Research and Technology (ASRT) to develop science, technology and innovation indicators, conduct foresight studies and raise awareness of foresight in Egypt. Later, in 2021, the North African Applied Systems Analysis Center (NAASAC) was established as a collaboration between ASRT, the International Institute for Applied Systems Analysis (IIASA) in Austria and the National Planning Institute of Egypt. Its activities include developing an online educational program on applied research; organizing joint applied research on issues relevant to decision makers in Egypt, North Africa and the Arab States; and providing advisory services to governments and businesses. ASRT conducts foresight research in areas such as energy, water, the impact of COVID-19 on society, and climate change.

    Dr. Gautam Goswami, Principal Scientist, Technology Information, Forecasting and Assessment Council (TIFAC, India), shared the strengths of his organization. TIFAC is a technology think tank under the Ministry of Science and Technology, Government of India. It brings together eminent experts from government agencies, research institutes, universities and industry. TIFAC focuses on areas such as assessing the country’s technology needs and forecasting promising areas of technology development. Since 1996, TIFAC has been publishing a series of reports called “The Future of Technology” (the first and second editions set the forecast horizon for 2020 and 2035; the report “The Future of Technology – 2047” is currently being prepared). The council’s experts also prepare other short- and long-term foresight reports, as well as the Technology Market Research Report, which tracks new technologies, collects patent information, and maintains databases of technologies and experts. TIFAC also provides foresight training to industry professionals, government officials, and academics.

    Iwao Ohashi from Japan, Advisor for Japan and Asia Pacific Countries to the Association of Industrial Parks of Russia, shared his opinion on the prospects for Russia’s technological development under sanctions. He believes that Russia should develop cooperation in technology and innovation with the BRICS countries. Joint foresight studies are also very important, and Iwao Ohashi believes that the creation of the BRICS Foresight Research Association would be a very promising idea. Mr. Ohashi noted that in the near future, China will most likely become a global leader in innovation. At the same time, he emphasized that “we need to make a strategic bet on the creation of Russian innovation centers within the country and in its regions, as well as invite foreign experts to Russia.”

    Following the presentations, ISSEK scientists exchanged ideas for cooperation with foreign participants. Dirk Meissner, Head ofLaboratory of Innovation Economy and academic director of the master’s program “Governance in the field of science, technology and innovation“, mentioned cooperation with colleagues from the University of Campinas in Brazil. “Geographical distance is no longer a problem,” said Dirk Meissner, emphasizing the importance of communication and education online.

    Liliana Proskuryakova, Head of DepartmentLaboratory for Science and Technology Research, noted the issues of health care, energy and water resources as cross-cutting themes in the participants’ speeches. A comprehensive analysis of these basic needs of humanity can determine the priorities of cooperation, in addition, this agenda is also in line with the Sustainable Development Goals that are relevant for our countries. Mikhail Gershman, Director Center for Scientific, Technical, Innovation and Information Policy, head of the project “Making Science in Russia”, invited colleagues to join forces in the framework of comparative cross-country studies of the working conditions of scientists and state scientific and technical policy. Ekaterina Streltsova, director Center for Statistics and Monitoring of Science and Innovation, proposed establishing cooperation to conduct joint research on technological development, including using patent analysis tools.

    Evgeny Kutsenko, Director of the Russian Cluster Observatory, spoke about the project’s scientific plans, including cluster development, unicorn companies and creative industries. The possibilities of strengthening joint projects based on the results of big data analysis were demonstrated by showing the system developed at ISSEKiFORA, expert of the Center for Strategic Analytics and Big Data of the ISSEK Maria Antasheva.

    “I am pleased to meet you. CGEE started collaborating with HSE many years ago. And when Alexander Sokolov suggested intensifying scientific ties, most of the CGEE staff, who already had experience interacting with the Higher School of Economics, knowing the high level of its research, readily supported this idea,” said Fernando Rizzo, Director of CGEE. “At our center, we work in various areas, including sustainable cities, bioeconomy, energy, airspace, agriculture and education. Among the potential areas of our international cooperation, I see training and education in AI and data science, the use of generative AI for research and innovation, joint data infrastructure and the use of predictive modeling in big data analysis.”

    The meeting participants agreed to strengthen international ties and implement projects in areas of mutual interest, including within the framework of the planned multilateral agreement to create the BRICS Foresight Research Association.

    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.hse.ru/nevs/expertise/975578115.html

    MIL OSI Russia News –

  • MIL-OSI Europe: At a Glance – What if we ran out of copper? – 16-10-2024

    Source: European Parliament

    Copper is a relatively common element with a variety of suppliers, and that should typically mean a stable market. However, the copper market has recently been showing unusual instability. New EU legislation, though not always directly related, seems to be having a significant impact on copper prices. This is the case for the Chips Act and the Critical Raw Materials Act – designed to make EU industry more resilient by improving strategic autonomy – but also for laws concerning energy, artificial intelligence and digitalisation. New factors, including looming shortages in strategic raw materials – such as copper – may strongly influence political action.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Confirmation hearings of the Commissioners-designate: Henna Virkkunen – Executive Vice-President for Tech Sovereignty, Security and Democracy – 15-10-2024

    Source: European Parliament

    Henna Virkkunen is a Finnish politician and member of the National Coalition Party, which is affiliated with the European People’s Party group in the European Parliament. She has been a Member of the European Parliament since 2014, serving inter alia on the Committees on Industry, Research and Energy (ITRE), and Transport and Tourism (TRAN). She was also a member of the Committee of Inquiry investigating the use of Pegasus and equivalent surveillance spyware (PEGA) and the Special Committee on Artificial Intelligence in a Digital Age (AIDA). In Parliament, Virkkunen has worked on various technology and cybersecurity dossiers such as the Digital Services Act, the Cyber-Resilience Act and the Connecting Europe Facility. Before her election to the European Parliament, Virkkunen was a member of the Finnish Parliament (2007-2014) and was part of the Finnish government as minister for education and science, minister for public administration and local government, and transport minister. Born in 1972 in Joutsa, Finland, Virkkunen holds master’s (2001) and bachelor’s degrees (2000) from the University of Jyväskylä. This is one of a set of briefings designed to give an overview of issues of interest relating to the portfolios of the Commissioners designate. All these briefings can be found at: https://epthinktank.eu/commissioner_hearings_2024.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Education Commission Chairman welcomes “The Chief Executive’s 2024 Policy Address”

    Source: Hong Kong Government special administrative region

    Education Commission Chairman welcomes “The Chief Executive’s 2024 Policy Address”
    Education Commission Chairman welcomes “The Chief Executive’s 2024 Policy Address”
    ******************************************************************************************

    The following is issued on behalf of the Education Commission:      The Chairman of the Education Commission, Dr David Wong, welcomed the education initiatives announced in “The Chief Executive’s 2024 Policy Address” delivered today (October 16).           Dr Wong said, “As the Chairman of the Education Commission, I support the Government’s commitment to enhancing the quality of education. To complement the country’s development strategy, the Government strives to develop Hong Kong into an international hub for post-secondary education on all fronts, nurture and attract diversified talent to achieve the goal of building an international hub for high-calibre professionals.           “I support the Education Bureau’s ongoing efforts in leveraging Hong Kong’s edge of a highly international and diversified post-secondary education sector. Through encouraging local institutions to enhance exchanges and collaboration with institutions from around the world, hosting more international education conferences and exhibitions to promote the ‘Study in Hong Kong’ brand on a global scale, and setting up the Hong Kong Future Talents Scholarship Scheme for Advanced Studies, our goal is to establish Hong Kong as an international hub for post-secondary education and enhance Hong Kong’s competitiveness.”           He added, “I am pleased that the Government, to complement the national strategy of invigorating the country through science and education, will promote digital education, review the curriculum of junior secondary Science, and support teachers in utilising artificial intelligence for teaching. These efforts will continue to foster STEAM (Science, Technology, Engineering, the Arts and Mathematics) education in primary and secondary schools, thereby enhancing Hong Kong’s edge in innovation and technology. Furthermore, the Government is committed to enhancing the language proficiency of our students and strengthening support to achieve a good mastery of English language, Putonghua and other languages to heighten their global competitiveness and broaden their horizons. Additionally, the Government will remain dedicated to promoting national security and patriotic education on all fronts by incorporating elements of Chinese history and national geography into Mainland study tours to foster students’ sense of national identity. To build a high-quality teaching force, the Government will set up the Teacher Professional Development Fund of $2 billion to provide a steady funding source for teacher training and exchange programmes.”           Dr Wong also appreciated the Government’s efforts in enhancing students’ whole-person development and the well-being of teachers and students. This includes further promotion of the 4Rs Mental Health Charter, launch of the “Mental Health Literacy” resource packages, strengthening of teacher training and parent education, and extending and enhancing the Three-Tier School-based Emergency Mechanism, promoting the physical and psychological wellness of students, teachers and parents, and enhancing resilience and cultivating positive thinking among them.           “Education is the cornerstone of social advancement. The Education Commission will continue to render advice and work together with the Government to foster the long-term development of Hong Kong’s education, with a view to cultivating values and nurturing people with quality education. We aim to enable young people to unleash their potential and gain a global perspective, and become visionary, innovative and creative successors with an affection for the motherland and a sense of responsibility towards society, who shall contribute to the new quality productive forces and high-quality development of our country, shaping a better future,” Dr Wong said.

     
    Ends/Wednesday, October 16, 2024Issued at HKT 18:10

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: World Future Economy Digital Leaders Summit debuts at GITEX GLOBAL, shaping the future global tech and policy landscape

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

    DUBAI, United Arab Emirates, October 15, 2024/APO Group/ —

    Government officials, global industry leaders and experts gathered in Dubai for the opening day of the World Future Economy Digital Leaders Summit on Monday as conversations began about charting a course for AI Compute-Driven economic transformation.

    GITEX GLOBAL, the world’s largest tech event, got underway at Dubai World Trade Centre (DWTC), as topics on ‘Tech Investment Day’ centred around the next-gen semi-conductors market, which is expected to be valued USD $1 trillion by 2030, and the future of data governance. The mega event is under the theme of ‘Global Collaboration to Forge a Future AI Economy’.

    The World Future Economy Digital Leaders Summit comes at a time where UAE is accelerating its efforts in adopting AI in different sectors. Last year, the country’s AI market was valued (https://apo-opa.co/3zPf3HZ) at USD $3.47 billion. H.E. Abdullah Bin Touq Al Marri, Cabinet Member & Minister of Economy at UAE’s Ministry of Economy, explained the importance of AI and how it is central to the country’s economic future.

    Addressing the audience, he highlighted AI is a major driver for the future and is already impacting our everyday lives whether it is transportation or ordering food but to propel growth even further across different sectors, people and companies need to learn how to enable AI effectively.

    This year’s GITEX GLOBAL has attracted its largest international participation with 40% growth, welcoming new nations to the 44th edition of the showpiece event. Europe has a major presence this week, the biggest in the event’s history with the region’s tech industry projected to grow by 12% by the end of this year.

    Stephane Ouaki, Head of Department at European Innovation Council outlined how the continent is accelerating its tech ecosystem. He said the Council is supporting game-changing innovations, giving entrepreneurs access to opportunities to enhance their knowledge, and learn from other professionals to boost the growth of their businesses which benefits not only economies nationally but also regionally.

    Ignacy Niemczycki, Undersecretary of State Ministry of Economic Development and Technology of Poland, delivered a presentation on how the country is embracing technology. He said: “Our culture is a key pillar in our journey of being a tech leader and we have a stable economy which has been very resilient for the last 30 years.

    “More importantly, there is a real interest in the STEM field – if you ask most people in Poland, their choice would be to become an software engineer and this has created a situation where we have one of the best IT programmers in the world with some great tech entrepreneurs already from Poland.”

    Attendees also heard from Dr. Jaroslaw Kutylowski, the founder and CEO of DeepL a German-leading global language AI company, on how his business utilises large language models (LLMs). He said: “The models that we have been building have all stayed true to our products which has brought us success so far. As the company has been growing, we have been able to invest more into compute technologies and have built a data centre facility in Sweden. However, we need to keep innovating and see what the next step is. If we do not think ahead, we would be in the same position as we are today.”

    Meanwhile, Heman Bekele, who was named TIME’s 2024 Kid of the Year for inventing a potential treatment for skin cancer, shared his inspiring story. He explained how the failures that he experienced in life in producing his innovative soap product has made him a stronger individual and passion has a been a key attribute to his career success so far.

    Taking place at Dubai World Trade Centre (DWTC) until 18 October, GITEX GLOBAL presents its biggest, most international edition in its 44th year, welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.

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

    For more information on GITEX GLOBAL 2024 and to secure your passes, please visit http://www.GITEX.com.

    MIL OSI Africa –

  • MIL-OSI USA: Stauber Blast Postmaster Dejoy for Bogus Plan

    Source: United States House of Representatives – Congressman Pete Stauber (MN-08)

    Washington, D.C. – Today, Congressman Pete Stauber (MN-08) sent Postmaster General Louis Dejoy a letter regarding a report detailing how the United States Postal Service (USPS) is considering plans to allow slower mail delivery in the coming months for long-distance and rural services to cut costs.

    “I am deeply disappointed by this announcement, as your agency’s mission is to provide every American with reliable, affordable, and universal mail service,” exclaimed Congressman Stauber in the letter.

    “Arbitrarily determining that a senior living in a rural area can wait to receive their life-saving medication or a veteran can wait to receive their benefits check is unacceptable. Rural communities are already at a disadvantage, with less access to essential services. Your proposal exacerbates these issues, turning a blind eye to the fact that reliable mail service is a lifeline for many in these areas.”

    The letter goes on to demand an immediate reassessment of the plan and calls for solutions that do not compromise service quality for rural areas.

    Background:

    A Washington Post article titled “Postal Service considers rural mail slowdown after election,” dated August 22, 2024, reports that USPS officials are considering plans to allow for slower rural delivery.

    Over the past year, Congressman Stauber has received numerous reports concerning USPS operations, including complaints of work conditions from rural carriers and serious delays of essential items due to alleged prioritization of third-party packages. This prompted Congressman Stauber to inquire about these complaints to the USPS, whose response to the inquiry was insufficient and dismissive.

    Since then, Congressman Stauber introduced the Rural Mail Delivery Improvement Act with Senator Amy Klobuchar (D-MN). This legislation requires the USPS to implement best practices to fix their delivery of service. Furthermore, Congressman Stauber introduced the Modifying Allocations to Improve Local Service (MAIL) Act. This legislation redirects $3 billion from the Biden-Harris Administration’s program to electrify all USPS vehicles, which do not work in cold weather climates like Minnesota, to workforce development, training, and overall improvement of working conditions for our rural carriers.

    To read the full letter, click here. 

    MIL OSI USA News –

  • MIL-OSI: ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024
    ASML expects total net sales for 2024 of around €28 billion

    VELDHOVEN, the Netherlands, October 15, 2024 – Today, ASML Holding NV (ASML) has published its 2024 third-quarter results.

    • Q3 total net sales of €7.5 billion, gross margin of 50.8%, net income of €2.1 billion
    • Quarterly net bookings in Q3 of €2.6 billion2 of which €1.4 billion is EUV
    • ASML expects Q4 2024 total net sales between €8.8 billion and €9.2 billion, and a gross margin between 49% and 50%
    • ASML expects 2024 total net sales of around €28 billion
    • ASML expects 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%
    (Figures in millions of euros unless otherwise indicated) Q2 2024   Q3 2024  
    Total net sales 6,243   7,467  
    …of which Installed Base Management sales1 1,482   1,541  
             
    New lithography systems sold (units) 89   106  
    Used lithography systems sold (units) 11   10  
             
    Net bookings2 5,567   2,633  
             
    Gross profit 3,212   3,793  
    Gross margin (%) 51.5   50.8  
             
    Net income 1,578   2,077  
    EPS (basic; in euros) 4.01   5.28  
             
    End-quarter cash and cash equivalents and short-term investments 5,019   4,985  

    (1) Installed Base Management sales equals our net service and field option sales
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.

    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on http://www.asml.com

    CEO statement and outlook
    “Our third-quarter total net sales came in at €7.5 billion, above our guidance, driven by more DUV and Installed Base Management1 sales. The gross margin came in at 50.8%, within guidance.

    “While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness. Regarding Logic, the competitive foundry dynamics have resulted in a slower ramp of new nodes at certain customers, leading to several fab push outs and resulting changes in litho demand timing, in particular EUV. In Memory, we see limited capacity additions, with the focus still on technology transitions supporting the HBM and DDR5 AI-related demand.

    “We expect fourth-quarter total net sales between €8.8 billion and €9.2 billion with a gross margin between 49% and 50% which includes the recognition of the first two High NA systems upon customer acceptance, reflecting progress on imaging, overlay and contrast. ASML expects R&D costs of around €1.1 billion and SG&A costs of around €300 million. We expect full-year 2024 total net sales of around €28 billion. Based on the recent market dynamics as mentioned above, we expect our 2025 total net sales to grow to a range between €30 billion and €35 billion, which is the lower half of the range that we provided at our 2022 Investor Day. We expect a gross margin between 51% and 53%, which is below the range we then provided, mainly related to the delayed timing of EUV demand,” said ASML President and Chief Executive Officer Christophe Fouquet.

       
    Update dividend and share buyback program
    An interim dividend of €1.52 per ordinary share will be made payable on November 7, 2024.

    In the third quarter, we did not purchase any shares under the current 2022-2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Skip Miller +1 480 235 0934
    Sarah de Crescenzo +1 925 899 8985 Marcel Kemp +31 40 268 6494
    Karen Lo +886 939788635 Peter Cheang +886 3 659 6771

    Quarterly video interview and investor call
    With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2024 third-quarter results and outlook for 2024 and 2025. This video and the transcript can be viewed on http://www.asml.com.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on October 16, 2024 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 43,700 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at http://www.asml.com.

    US GAAP Financial Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly Summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on http://www.asml.com.

    The consolidated balance sheets of ASML Holding N.V. as of September 29, 2024, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and nine months ended September 29, 2024 as presented in this press release are unaudited. 

    Regulated information
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Forward Looking Statements
    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected demand, bookings, backlog, expected recovery in the semiconductor industry and expected timing thereof including expected industry recovery continuing in 2025, plans to continue to build capacity, outlook and expected financial results, outlook of market segments, including expected results for Q4 2024, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook for full year 2024, including expected full year 2024 total net sales, gross margin and estimated annualized effective tax rate, expectations and modelling with respect to 2025 revenue and gross margin, statements made at our 2022 Investor Day, including revenue and gross margin opportunity for 2025 and 2030, statements with respect to execution of ESG sustainability strategy, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, including the amount of shares that may be repurchased thereunder and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans and other non-historical statements. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, uncertainty around a market recovery including the timing thereof, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase programs, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2023 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

    Attachments

    The MIL Network –

  • MIL-OSI United Kingdom: Innovative Essex health projects get cash boost

    Source: Anglia Ruskin University

    Published: 15 October 2024 at 14:30

    Funding from Anglia Ruskin University is helping small firms’ cutting-edge initiatives

    Virtual reality therapy for people suffering from mental health disorders, using AI to manage demand on NHS services, and technology that listens to a child’s cough to assist early diagnoses are among the Essex innovations that have received thousands of pounds of funding from Arise Innovation Hubs – part of Anglia Ruskin University (ARU).

    The ABOVE (Arise Beyond Open Innovation for Value and Entrepreneurship) innovation support grants are aimed at assisting small and medium-sized enterprises in Essex working on healthcare solutions through medical technology. Not-for-profit, charitable organisations, micro, small and medium-sized enterprises (SMEs), and start-ups are all eligible for support.

    The following eight businesses have been awarded grants of up to £5,000:

    • Aerial Icon Limited, which is pioneering the production of ultra-high-quality aerial 360 videos to deliver innovative virtual reality (VR) therapeutic health interventions for mental health disorders such as anxiety, fear of heights, and seasonal affective disorder (SAD). The initiative has also received funding from Innovate UK.

    • Elixir AI is working on a project to determine if listening to a child’s cough at the time of GP referral can lead to early diagnosis, and received funding to enhance their software for a larger study with Colchester and Ipswich Hospitals.

    • Japeto, a software agency in Harlow, used their grant to build a dedicated computer rig capable of running Large Language Models (LLMs) at sufficient speed. This project, named ‘The Blue Fairy,’ aims to establish the viability of different LLMs in healthcare chatbot applications.

    • C-Prio Ltd, focusing on automation and AI to meet the growing demand on NHS histopathology services, used its ABOVE grant in the clinical validation phase of their AI models, specifically for acquiring real digital images of colorectal biopsies, enabling rigorous testing and refinement.

    • Tech Balance Limited received grant funding to support the development of a wellbeing app using behavioural science to guide UK university students towards better wellbeing.

    • Guardpack Ltd, a manufacturer of sachets and wipes, used its funding to help develop more environmentally friendly options for its customers.

    • eScent is developing a wearable, context-driven scent intervention to address increasing levels of anxiety and stress. The funding will be used to secure the company’s intellectual property in the USA and commission a design.

    • Southend-based Surgical Holdings will use its grant to complete ecodesign work, leading to patent protection of new products which are sold worldwide.

    The funding for the ABOVE programme has been provided by Essex County Council as part of its 10-year sector strategy to grow life science, digitech, advanced manufacturing and engineering sectors, leading to more opportunities, jobs and growth across Essex.

    Arise Innovation Hubs are also working closely with partners Medilink Midlands, a specialist provider of support to the life science sector, to help SMEs overcome barriers to growth.

    Dr Beverley Vaughan, Director of Arise Innovation Hubs, said:

    “We were delighted to receive so many applications for the first round of ABOVE funding from healthcare innovators across the county.

    “The enterprises that have been supported by these grants are working on projects that have potential to make a real difference to people’s lives.

    “The ABOVE funding has been a vital cog in the development of some of these projects, assisting these small firms with job creation, testing and product design.”

    Melanie Davidson, CEO at Medilink Midlands, added:

    “Developing the partnership with Arise Innovation Hubs, our innovation focused business support programmes have gone from strength to strength, and the ABOVE funding grants allow the eight awarded innovators to further develop and grow their health care solutions within the medtech sector.”

    MIL OSI United Kingdom –

  • MIL-OSI: Ress Life Investments A/S: Ress Life Investments A/S publishes Net Asset Value (NAV)

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments
    Nybrogade 12
    DK-1203 Copenhagen K
    Denmark
    CVR nr. 33593163
    http://www.resslifeinvestments.com

    To: Nasdaq Copenhagen
    Date: 30 September 2024

    Corporate Announcement 32/2024

    Ress Life Investments A/S publishes Net Asset Value (NAV).

    Ress Life Investments A/S publishes the Net Asset Value (NAV) per share as of 30 September 2024.

    NAV per share in USD: 2536.65
    NAV per share in EUR: 2265.68

    The performance during September is 0.82% in USD. The year-to-date net performance is 4.08% in USD.

    Assets under management (AUM) was 305.2 million USD.    

    The NAV per share in EUR, 2265.68, is calculated as the USD NAV divided by the EUR/USD exchange rate as of 30 September 2024 which was 1.1196.

    To calculate the present EUR NAV, divide the most recent USD NAV with the current EUR/USD exchange rate.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Information Document available on the Company’s website, http://www.resslifeinvestments.com.

    Attachment

    The MIL Network –

  • MIL-OSI USA: Senate Study Committee on Artificial Intelligence to Hold Sixth Meeting

    Source: US State of Georgia

    ATLANTA (October 15, 2024) — On Wednesday, October 23rd,2024, at 10:00 a.m., the Senate Study Committee on Artificial Intelligence, chaired by Sen. John Albers (R–Roswell), will hold its sixth hearing, in conjunction with the House Technology and Infrastructure Innovation Subcommittee on AI.

    EVENT DETAILS:                      

    • Date: Wednesday, October 23rd, 2024
    • Time: 10:00 a.m.
    • Location: UGA Iron Horse Plant Sciences Farm, Watkinsville, GA 30677
    • This event is open to the public and will be live-streamed on the Georgia General Assembly website here.

    ABOUT THE MEETING:         

    The committee is tasked with promoting responsible innovation, competition, and collaboration in public and private sectors will allow Georgia to be a leader in ensuring that such technology will advance in a way that enforces the existing consumer protection laws and principles for its citizens while enacting any additional appropriate safeguards against, fraud, unintended bias, discrimination, infringements on privacy, and other potential harms from AI.

    MEDIA OPPORTUNITIES:

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

    # # # #

    Sen. John Albers serves as Chairman of the Senate Committee on Public Safety. He represents the 56th Senate District, which includes portions of Cherokee, Cobb, and North Fulton counties. He may be reached at his office at 404.463.8055 or by email at john.albers@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Army launches pilot program to explore generative AI for acquisition activities

    Source: United States Army

    WASHINGTON – Ms. Jennifer Swanson, Deputy Assistant Secretary of the Army for Data, Engineering and Software, announced today the launch of a pilot program aimed at exploring innovative applications of generative artificial intelligence for Army acquisition activities.

    The new program will use LIGER, a cutting-edge generative AI tool that harnesses the power of advanced technology, data analytics, machine learning and natural language processing. LIGER is designed to deliver tailored responses that are highly relevant to specific topics, improving the efficiency and effectiveness of information retrieval and analysis.

    “By utilizing LIGER, we aim to streamline our acquisition processes while enhancing the accuracy of information,” said Swanson. “The ability to query curated document sets for generating new content, along with providing citations, will ensure that our outputs are not only accurate but also easily fact-checked.”

    This pilot program is aligned with the Army CIOs generative AI initiative and serves as an opportunity for AI experimentation and feedback by allowing participants to simplify repetitive and time-consuming tasks such as drafting contracts and policies. Deployed in an IL5 secure cloud environment, LIGER can handle controlled unclassified information data, ensuring that sensitive information is managed with the highest level of security.

    The pilot includes customizable user-access controls to protect “need to know” information, ensuring that data security and confidentiality are paramount. Additionally, the pilot will focus on identifying and calling out potential “hallucinations” or erroneous outputs, thereby increasing the reliability of AI-generated content.

    The pilot program will aim to:

    • Enhance information retrieval by utilizing LIGER to streamline access to critical information relevant to acquisition activities.

    • Promote innovation by encouraging the exploration of novel applications of AI in acquisitions.

    • Facilitate collaboration by fostering a collaborative environment for stakeholders to share insights and best practices regarding AI integration.

    • Improve accuracy by implementing mechanisms to provide citations, ensuring the integrity and verifiability of generated content.

    The Army’s Office of the Assistant Secretary of the Army for Acquisition, Logistics and Technology is committed to leveraging advanced technologies to improve efficiency and support the U.S. Army’s mission. This pilot program represents a significant opportunity to shape the future of acquisition activities through the transformative power of generative AI in a measured and thoughtful way.

    For more information about the pilot program, please contact Mr. Jamal Beck at jamal.b.beck.civ@army.mil.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: “Our system allows us to prevent data center failures”

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Photo: hackathon “Digital Breakthrough” / VKontakte

    First year student of the Master’s program “Product approach and data analytics in HR management» Konstantin Balcat and his team of like-minded people have developed a system for predicting hard drive failures based on machine learning. With this project, they are among the best at the Digital Breakthrough hackathon for the second year in a row. Vyshka.Glavnoe talked to Konstantin about developing innovations and studying at the university.

    About the project

    — The system we propose allows companies providing cloud services and using their own hard drives to promptly manage stocks and equipment in data centers, as well as effectively plan purchases and optimize the warehouse. At the same time, the possibility of warranty service for purchased batches of equipment is preserved. All this is especially important for large cloud providers.

    The idea for this solution arose from a case and problem proposed by the company “Sila”, which our project helps within the framework of the hackathon “Digital Breakthrough”. Based on historical data on the use and failure of disks, we can predict the moment of failure of a new disk in the future. At the same time, our system takes into account the features of each specific batch of equipment. This allows for more competent management of resources and prevention of failures in the operation of data centers.

    About the team

    — Our team won the regional hackathon “Digital Breakthrough” in Omsk last year with this project. In 2024, in the same hackathon, but at the federal level, we again entered the top, taking 4th place. We are currently negotiating with the company “Sila” about further development and implementation of our solution in the industry.

    The team also includes Daniil Galimov, Alexander Serov, Alexander Kharlamov and Artem Tarasov. We met two years ago at the educational forums “I am a professional” in IT and specialized programs at Sirius. Since then, we have taken part in dozens of competitions, in some of which we won or took prizes. Now, under the grant “Code-AI” of the Foundation for Assistance to Innovations, we are developing a system for identifying marine mammals using aerial photographs. All participants work as IT specialists in Russian bigtech companies: Daniil Galimov and Alexander Kharlamov are specialists in backend and Python, Alexander Serov and I are machine learning engineers and project managers.

    About HSE and studies

    – This year I entered the Higher School of Economics Faculty of Computer Science. My program, “Product Approach and Data Analytics in HR Management,” is being implemented jointly with Alfa-Bank. Having a technical education, I considered it important to delve into the field of management and people management. At the same time, I did not want to stray too far from the technical side and artificial intelligence engineering. It was in the FCN program that I saw such an opportunity. Now I am developing a solution for analyzing interpersonal communications using large language models. It was important for me to have the opportunity to discuss, collaborate with Alfa-Bank, and receive feedback on my project during classes.

    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.hse.ru/nevs/edu/974825227.html

    MIL OSI Russia News –

  • MIL-OSI Europe: The Villers-Cotterêts Call for an honest, trustworthy digital space in the Francophone world (4 Oct. 2024)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    A free, open and safe Internet is an essential tool for promoting exchanges, inclusion and development. As digital platforms form a significant part of the Internet, their social responsibility must not be ignored.

    The Francophonie is a community of language and values, of women and men whose common language is French, and of the 88 member countries of the International Organisation of La Francophonie (OIF) which promote the same values: democracy, human rights and fundamental freedoms, as well as a constant commitment to cultural and linguistic diversity.

    While a source of progress and opportunities, the digital transformation also raises multiple challenges for OIF member countries: fighting the digital divide, promoting inclusion, protecting fundamental rights, promoting pluralism of currents of thought and opinion, maintaining the integrity of electoral processes and promoting and protecting the right to reliable, high-quality information, and to be protected from fraudulent, malicious and hate content, as well as all forms of discrimination.

    This Call is intended to help address these challenges by inviting digital platforms to step up their commitment to a safer and more honest digital space.

    To this end, We, the Heads of State and Government of countries which have a shared relationship with French, meeting on 4 and 5 October 2024 for the 19th Francophonie Summit in the French Republic,

    Intending to work to develop, within the Francophonie and beyond, a digital space which is inclusive, respectful of democracy and human rights and encourages cultural and linguistic diversity, in accordance with our commitments in the Bamako Declaration (2000), the Saint-Boniface Declaration (2006), the 2022-2026 Strategy for Digital Francophonie, the Declaration on the French Language in the linguistic diversity of Francophonie (2022) and the Declaration of the 18th Francophonie Summit in Djerba (2022);

    Drawing on the guidelines applicable to digital cooperation and the governance of artificial intelligence (AI) provided by international law, including the Charter of the United Nations, the Universal Declaration of Human Rights and the 2030 Agenda for Sustainable Development, but also the specific instruments of the acquis of the World Summit on the Information Society (WSIS), incorporated in the Geneva Declaration of Principles and the Geneva Plan of Action, as well as in the Tunis Agenda for the Information Society, the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions, the NETmundial+10 Multistakeholder Statement, the UNESCO Guidelines for the Governance of Digital Platforms and the Global Digital Compact;

    Continue to pay special attention to the specific needs of all people in the Francophone space, in all their diversity.

    Call on digital platforms to step up their efforts and commitments to an inclusive, pluralistic, high-quality and trustworthy digital space, especially by implementing the following actions and measures:

    Providing greater transparency, diversity and proximity

    1. Guarantee access, in French and in the largest possible number of national and official local languages of OIF member countries, in clear and understandable language, to the terms of service, as well as their policies and content moderation methods;

    2. Implement simple mechanisms which are easily accessible to all, in French and in the largest possible number of local languages of OIF member countries, in order to highlight content which is considered illegal or runs contrary to the terms of service;

    3. Report to the relevant stakeholders, including the users, public authorities and regulatory authorities, on the implementation of their terms of service and content-related policies;

    4. Facilitate Francophone researchers’ and academics’ access to application interfaces and data, under conditions which appropriately protect legitimate rights and interests, including compliance with and protection of users’ personal data and the confidentiality of algorithmic processes protected by trade secrets;

    5. Provide protection for personal data based on transparent, accessible procedures which are understandable by all, in French and in the languages of the countries providing a service, and ensure that there are sufficient human capacities to undertake this role.

    Taking greater responsibility in terms of content moderation

    6. Appoint single regional and subregional contact points with sufficient capabilities to ensure direct communication with the public authorities of OIF member countries, and effective processing of user requests, in French and local languages;

    7. Forge deeper ties with the relevant regulatory authorities, based on the model of commitments made with the Francophone Network of Media Regulators (REFRAM) at the Abidjan Conference on 23 and 24 April 2024;

    8. Set up moderation policies and methods for online content, scaled according to needs and capable of taking account of diverse cultures and national and regional languages, whether they be carried out automatically or are supervised by humans;

    9. Acknowledge the key role of associations, action groups, non-governmental organizations, and more generally, recognized bodies in Francophone civil societies as trusted flaggers, which can produce well-founded, reasoned requests to facilitate priority processing by digital platforms.

    Helping better protect Francophone societies and information spaces from risks linked to the use of their services

    Under all circumstances:

    10. Assess, within public reports, the risks of large-scale dissemination in OIF member countries of content which could channel hate speech or lead to violence on any discriminatory grounds; propose, in collaboration with the relevant stakeholders, preventive measures aimed at reducing such discrimination;

    11. Strengthen the legal and normative frameworks which organize the protection of the rights of the child in the digital space, in accordance with international human rights law and in particular the Convention on the Rights of the Child.

    12. Set up measures to provide high levels of confidentiality, safety and security for minors using their services;

    13. Collaborate, in accordance with the 2019 Christchurch Call, on quickly and effectively eliminating illegal terrorist and violent extremist content online;

    14. Take special care to prevent risks relating to misinformation and foreign interference; to this end, support independent fact-checking initiatives, including by backing the work of the OIF in this area, such as its ODIL platform;

    15. Use recommendations systems which provide a wide variety of information sources, as well as the free expression of pluralism of currents of thought and opinion, including by identifying and promoting content which is labelled by independent professionals, such as the Journalism Trust Initiative, all in compliance with national legislation;

    16. Help develop ethical and responsible artificial intelligence, which respects human rights, development and peace, as well as the Sustainable Development Goals;

    In election periods:

    17. While strictly observing countries’ sovereignty and complying with their legislation, help strengthen democratic institutions by maintaining the integrity of electoral processes, including by setting up public assessment and risk-reduction protocols specifically dealing with the integrity of elections or referendums in OIF member countries, before, during and after each process;

    18. Transparently identify public policies, particularly during electoral cycles; monitor the monetization of publications by political parties and their representatives and store these ads and all information enabling them to be analysed in a library with exhaustive content, which is accessible online and regularly updated;

    In crisis periods:

    19. In emergency or crisis situations such as armed conflict, environmental or public health crises, analyse the impact of operations, products, services and advertising systems of companies on fundamental rights and the dynamics of said situations.

    Contributing to cultural and linguistic diversity and fair remuneration for content creation

    20. Actively and tangibly promote cultural and linguistic diversity in creating, producing, distributing, disseminating, accessing and using cultural goods and services online, including in developing artificial intelligence;

    21. Help develop artificial intelligence which encourages cultural and linguistic diversity to combat the risk of homogenous, culturally-poor content;

    22. Help promote the use of various languages in this area, particularly in order to incorporate this cultural and linguistic plurality/diversity into the training for generative artificial intelligence models;

    23. Help with the discoverability of Francophone cultural and scientific content and in national and local languages spoken within the Francophone space as well as making available and promoting digital content which is representative of the cultural and linguistic diversity of the Francophonie, including by (i) presenting collected data to create models without prejudice to applicable intellectual property rules and (ii) promoting algorithmic explainability in the interests of users;

    24. Provide effective protection for works protected by copyright and related rights without depriving users of the effective benefit of exceptions to copyright and related rights;

    25. Guarantee fair and equal remuneration for creators in all countries in the Francophone space and for rights holders when they have consented to their work being used on digital platforms through licensing agreements.

    Contributing to digital inclusion and the training of users to create Francophone digital citizens

    26. Actively contribute to strengthening digital literacy and training in digital careers for people from OIF member countries, particularly young people and women, by supporting and collaborating with the “D-Clic, Formez-vous au numérique” project, thus improving the digital literacy of all Francophone users regarding products, services, processes and risks associated with the platforms in their design, operations and uses;

    27. Help implement media and information education programmes to give users more autonomy and develop their critical thinking with regard to information with which they interact online, in French and in the local languages of OIF member countries, including by supporting OIF action in the areas like the ODIL platform, and by collaborating with the relevant public authorities, universities, civil society organizations which work with groups in vulnerable situations, researchers, librarians, teachers, special educators, IT and media professionals, journalists, artists and cultural professionals;

    28. Contribute to cooperation between OIF member countries in the area of education on the media, IT and digital citizenship, encouraging shared experiences, best practice and resources.

    We continue to work towards the objectives set out in this Call and to support the actions enabling us to meet them;

    To this end, we ask the International Organisation of La Francophonie to regularly monitor this Call, in conjunction with the relevant stakeholders within the framework of the Strategy for Digital Francophonie and work already underway in this area;

    We call on digital platforms to hear this Call and help achieve its objectives, in particular by cooperating with the relevant stakeholders.

    Source: Press Service, Presidency of the French Republic

    MIL OSI Europe News –

  • MIL-OSI: Sheaff Brock is #7 on the CNBC Financial Advisor 100 List

    Source: GlobeNewswire (MIL-OSI)

    INDIANAPOLIS, Oct. 15, 2024 (GLOBE NEWSWIRE) — Ranking at #7 in the 2024 CNBC FA 100 list, Sheaff Brock announced its 5th consecutive year in being selected as one of CNBC’s top 100 advisory firms from across the United States that help clients successfully navigate their financial lives.

    Sheaff Brock ranks #7 on the 2024 CNBC FA 100 list,
    its 5th consecutive year of placing as one of CNBC’s top 100
    registered investment advisory firms in the U.S.

    Sheaff Brock Managing Directors and co-founders Dave Gilreath and Ron Brock shared their excitement with the 2024 results. “To be ranked 7th in the U.S. is an incredible achievement. We’re honored to be on this list for our straight fifth year, and even more proud of this year’s ranking,” said Brock.

    Gilreath added, “I believe being listed at #7 is a testament to the strength of our team here at Sheaff Brock. It shows the dedication of our certified financial planners, portfolio consultants, administrative coordinators—and our entire team—to supporting our clients and helping them achieve their long-term financial goals.”

    To develop the 2024 list, CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for the 2024 CNBC FA 100 list. Analyzing data from 40,896 RIAs, AccuPoint screened multiple aspects such as years in business, total accounts, total assets under management, number of certified financial planners, number of employees, and the firm’s compliance record to trim the list down to 903 RIAs. From there, CNBC and AccuPoint distilled the list into the final 100 advisory firms based on additional data provided by each firm via email survey.

    In 2020, the first year Sheaff Brock made the list, the company ranked #95; in 2021, Sheaff Brock ranked #82; in 2022, #68; and the firm came in at #10 in last year’s list in 2023.

    About Sheaff Brock:
    Sheaff Brock is an SEC-registered, fee-only independent investment firm striving to enhance portfolios of growth- and income-oriented investors, managing $1.3 billion in assets nationwide as of 06/30/2024. Managing Director David Gilreath contributes investment commentary to CNBC.com, ThinkAdvisor, Medical Economics, and Financial Advisor magazine. Visit sheaffbrock.com for more information.

    Disclosure: 
    Sheaff Brock Investment Advisors, LLC (“SBIA”) is an SEC-registered investment advisor founded in 2001. Clients or prospective clients are directed to SBIA’s Form ADV Part 2A prior to deciding to participate in any portfolio or making any investment decision. The views and opinions in the preceding commentary are subject to change without notice and are as of the date of the report. There is no guarantee that any market forecast set forth in the commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice, and is not intended to predict or depict performance of any investment.

    About CNBC Financial Advisor 100
    The 2024 CNBC Financial Advisor 100 (ranked 7th 10/2/24), 2023 CNBC Financial Advisor 100 (ranked 10th, 9/12/23), 2022 CNBC Financial Advisor 100 (ranked 68th, 10/4/22), 2021 CNBC Financial Advisor 100 (ranked 82nd, 10/6/21) & the 2020 CNBC Financial Advisor 100 (ranked 95th, 10/6/20) list is an independent ranking. CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for the CNBC FA 100 list. The analysis started with 40,896 RIA firms for 2024, 40,646, RIA firms for 2023, 39,818 RIA firms for 2022, 38,302 for 2021 and 37,369 for 2020 from the Securities and Exchange Commission regulatory database. AccuPoint screened the list down to 903 RIAs for 2024, 812 RIAs for 2023, 904 RIAs for 2022, 749 for 2021, and 750 for 2020 who were required to complete a survey to be in consideration for the CNBC FA 100 list. Sheaff Brock does not pay for applying for the award; however, Sheaff Brock does pay for use of the CNBC Financial Advisor 100 logo.

    Data points used by AccuPoint for the ranking included regulatory/compliance record, number of years in the business, number of certified financial planners, number of employees, number of investment advisors registered with the firm, ratio of investment advisors to total number of employees, total assets under management, percentage of discretionary assets under management, total accounts under management, number of states where the RIA is registered and country of domicile.

    Third-party rankings and recognition from rating services or publications, such as the CNBC FA 100, is no guarantee of future investment success and working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. The ranking may not reflect a client or prospective client’s experience with the registered investment advisor. Past performance does not guarantee or indicate future results.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7c16cee-9ec4-4c47-b365-939d99e7291c

    The MIL Network –

  • MIL-OSI: Baltic Horizon Fund publishes its NAV for September 2024

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) amounted to EUR 0.7099 at the end of September 2024 (0.8011 as of 31 August 2024). The month-end total net asset value of the Fund was EUR 101.9 million (EUR 95.8 million as of 31 August 2024). The EPRA NRV as of 30 September 2024 stood at EUR 0.7510 per unit.

    In September 2024, the Baltic Horizon Fund successfully completed the private placement and issued 23,927,085 new units corresponding to a gross value of EUR 6.29 million.

    In September 2024, the consolidated net rental income of the Fund remained at the level of EUR 1.0 million (EUR 1.0 million in August 2024).

    At the end of September 2024, the Fund’s consolidated cash and cash equivalents amounted to EUR 10.0 million (31 August 2024: EUR 3.9 million). As of 30 September 2024, the total consolidated assets of the Fund were EUR 256.8 million (31 August 2024: EUR 249.8 million).

    For additional information, please contact:

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

    Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.

    Distribution: Nasdaq, GlobeNewswire, http://www.baltichorizon.com

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

    The MIL Network –

  • MIL-OSI: HYCHAIN Launches Loot Legends: Pioneering a New Dimension in Mobile Gaming

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) — Gaming-focused Layer-2 decentralized network HYCHAIN today announced the much-anticipated global launch of Loot Legends, a free to play roguelite dungeon crawler game with hundreds of hours of rich dungeons, boss fights, and gameplay, available on both the App Store and Google Play. Ahead of its release, the game has already garnered over 101K+ pre-registrations, highlighting its eagerly awaited arrival among gamers.

    Loot Legends unfolds across an expansive universe featuring over 10 unique chapters, 200 dungeon levels, and more than 1500 pieces of gear, including armor and weapons. Players can enjoy thrilling boss fights, craft potent items, and explore intricately designed crafted levels. A standout aspect of the game is the ‘LootBoxes’, which are filled with a diverse range of items from diamonds and gold to pet fragments and runes, providing both fundamental resources and rare, game-enhancing artifacts.

    During the recent 10-day closed beta of Loot Legends, the team successfully engaged over 2,600 beta testers, who collectively spent more than 2 million Diamonds. This period saw the exploration of over 95K dungeons, and impressively, the game maintained a 7-day retention rate of over 40%. These statistics highlight the game’s strong appeal and engagement among early users, which the team believes lays a promising foundation for its upcoming public launch.

    “We are incredibly excited about the launch of Loot Legends and are delighted by the community’s strong reception,” said ArkDev, co-founder of HYCHAIN. “This enthusiasm reinforces our vision for a vibrant, permissionless L2 blockchain that not only enhances Web3 game publishing but also brings players an unmatched, frictionless gaming experience.”

    In Loot Legends, players engage with an in-game currency system designed to enhance the gaming experience. Diamonds, the most coveted currency, are obtainable through gameplay and are essential for acquiring high-value upgrades and unique items. Gold serves as the standard currency for regular transactions and upgrades, while Honor Medals, Crystals, and Contribution Coins offer specialized purchasing power within PvP, home base enhancements, and guild activities respectively. 

    The economic backbone of Loot Legends is built around the $TOPIA token, digital game-currency. This in-game currency can be earned by competing in global leaderboards, completing daily activities, and achieving game milestones. Players can use $TOPIA to gain a 30% discount on Diamonds, the premium currency, which is crucial for buying upgrades and special items.

    Loot Legends is designed to foster a strong community. Players can form or join guilds, participate in multiplayer raids, and challenge other players, promoting a collaborative and competitive environment.

    “Loot Legends is designed to be a game that appeals to all gamers, whether they’re from the Web3 or Web2 space. It’s not just about technology; it’s about crafting a fun, engaging experience where gamers can connect, compete, and enjoy every moment. We’ve built a platform that welcomes all gamers,” said Temptranquil, co-founder of HYCHAIN.

    In November, HYCHAIN will introduce The Outpost, a peer-to-peer marketplace within Loot Legends. This innovative feature allows players to trade in-game items as digital collectibles, further bridging the gap between virtual gaming and real-world value.

    Looking ahead, HYCHAIN is committed to the continuous development of Loot Legends. The roadmap includes regular updates, new chapters, and special events to keep the gameplay exciting and engaging. Loot Legends is more than just a game—it’s a new way of experiencing mobile gaming. Users can join the adventure, rise through the ranks, and possibly change the way you think about mobile games forever.

    About HYCHAIN

    HYCHAIN is a Layer-2 blockchain based on Arbitrum’s orbit technology focused on providing infrastructure, distribution, and frictionless systems for the most ambitious Web3 games. The blockchain is home to HYTOPIA (Formerly NFT Worlds) with over 1,100,000+ pre-registered players worldwide, and HYPLAY, developer-first tools.

    For more information, users can visit HYCHAIN’s: Website | Twitter | Discord

    Contact
    Ms
    Abhishek Anand
    Hychain
    abhishek@hychain.com

    The MIL Network –

  • MIL-OSI Security: Former Chief Executive Officer of Chicago Hospital Added to Federal Indictment Alleging Corruption and Embezzlement

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    CHICAGO — An ongoing federal investigation into alleged corruption and embezzlement at a Chicago hospital has resulted in a conspiracy charge against the hospital’s former Chief Executive Officer.

    A 45-count, second superseding indictment accuses former CEO GEORGE MILLER, JR., 73, of Dallas, Texas, of conspiring with the hospital’s then-Chief Financial Officer, ANOSH AHMED, 40, of Houston, Texas, to corruptly steer vendor contracts and other hospital business to certain medical supply companies in exchange for cash from the companies’ owner, SAMEER SUHAIL, 47, of Chicago.  Ahmed, Suhail, and the hospital’s former Chief Transformation Officer, HEATHER BERGDAHL, 37, of Houston, Texas, were originally indicted earlier this year on fraud, embezzlement, and money laundering counts.  The charges accused them of causing the hospital to issue payments to purported vendor companies for goods and services that they knew had not been provided.  Many of the purported vendor companies were created by Suhail and Ahmed under various names to conceal their association with the fraudulent payments, the charges alleged.  Bergdahl allegedly opened bank accounts in the names of two legitimate hospital vendors and caused the hospital to deposit fraudulent payments into those accounts.

    The second superseding indictment, which was returned Thursday in U.S. District Court in Chicago, renews the prior charges against Ahmed, Suhail, and Bergdahl, adds Miller as a defendant, and includes new tax charges against Ahmed for allegedly underreporting income in his individual tax returns.  The newly returned indictment alleges that from 2018 to 2021, Suhail paid Miller and Ahmed a share of $19 million in payments that he received from the hospital, in return for Miller and Ahmed steering those contracts and business to him.  The payments to Miller and Ahmed were in addition to the millions of dollars in fraudulent payments charged in the prior indictment.

    Arraignments on the second superseding indictment have not yet been scheduled.

    The second superseding indictment was announced by Morris Pasqual, Acting United States Attorney for the Northern District of Illinois, Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI, Mario Pinto, Special Agent-in-Charge of the U.S. Department of Health and Human Services, Office of Inspector General, and Ramsey E. Covington, Acting Special Agent-in-Charge of IRS Criminal Investigation in Chicago.  The government is represented by Assistant U.S. Attorneys Sheri H. Mecklenburg and Kelly L. Guzman.

    The public is reminded that an indictment is not evidence of guilt.  The defendants are presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI: NVIDIA Contributes Blackwell Platform Design to Open Hardware Ecosystem, Accelerating AI Infrastructure Innovation

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) —  OCP Global Summit—To drive the development of open, efficient and scalable data center technologies, NVIDIA today announced that it has contributed foundational elements of its NVIDIA Blackwell accelerated computing platform design to the Open Compute Project (OCP) and broadened NVIDIA Spectrum-X™ support for OCP standards.

    At this year’s OCP Global Summit, NVIDIA will be sharing key portions of the NVIDIA GB200 NVL72 system electro-mechanical design with the OCP community — including the rack architecture, compute and switch tray mechanicals, liquid-cooling and thermal environment specifications, and NVIDIA NVLink™ cable cartridge volumetrics — to support higher compute density and networking bandwidth.

    NVIDIA has already made several official contributions to OCP across multiple hardware generations, including its NVIDIA HGX™ H100 baseboard design specification, to help provide the ecosystem with a wider choice of offerings from the world’s computer makers and expand the adoption of AI.

    In addition, expanded NVIDIA Spectrum-X Ethernet networking platform alignment with OCP Community-developed specifications enables companies to unlock the performance potential of AI factories deploying OCP-recognized equipment while preserving their investments and maintaining software consistency.

    “Building on a decade of collaboration with OCP, NVIDIA is working alongside industry leaders to shape specifications and designs that can be widely adopted across the entire data center,” said Jensen Huang, founder and CEO of NVIDIA. “By advancing open standards, we’re helping organizations worldwide take advantage of the full potential of accelerated computing and create the AI factories of the future.”

    Accelerated Computing Platform for the Next Industrial Revolution
    NVIDIA’s accelerated computing platform was designed to power a new era of AI.

    GB200 NVL72 is based on the NVIDIA MGX™ modular architecture, which enables computer makers to quickly and cost-effectively build a vast array of data center infrastructure designs.

    The liquid-cooled system connects 36 NVIDIA Grace™ CPUs and 72 NVIDIA Blackwell GPUs in a rack-scale design. With a 72-GPU NVIDIA NVLink domain, it acts as a single, massive GPU and delivers 30x faster real-time trillion-parameter large language model inference than the NVIDIA H100 Tensor Core GPU.

    The NVIDIA Spectrum-X Ethernet networking platform, which now includes the next-generation NVIDIA ConnectX-8 SuperNIC™, supports OCP’s Switch Abstraction Interface (SAI) and Software for Open Networking in the Cloud (SONiC) standards. This allows customers to use Spectrum-X’s adaptive routing and telemetry-based congestion control to accelerate Ethernet performance for scale-out AI infrastructure.

    ConnectX-8 SuperNICs feature accelerated networking at speeds of up to 800Gb/s and programmable packet processing engines optimized for massive-scale AI workloads. ConnectX-8 SuperNICs for OCP 3.0 will be available next year, equipping organizations to build highly flexible networks.

    Critical Infrastructure for Data Centers
    As the world transitions from general-purpose to accelerated and AI computing, data center infrastructure is becoming increasingly complex. To simplify the development process, NVIDIA is working closely with 40+ global electronics makers that provide key components to create AI factories.

    Additionally, a broad array of partners are innovating and building on top of the Blackwell platform, including Meta, which plans to contribute its Catalina AI rack architecture based on GB200 NVL72 to OCP. This provides computer makers with flexible options to build high compute density systems and meet the growing performance and energy efficiency needs of data centers.

    “NVIDIA has been a significant contributor to open computing standards for years, including their high-performance computing platform that has been the foundation of our Grand Teton server for the past two years,” said Yee Jiun Song, vice president of engineering at Meta. “As we progress to meet the increasing computational demands of large-scale artificial intelligence, NVIDIA’s latest contributions in rack design and modular architecture will help speed up the development and implementation of AI infrastructure across the industry.”

    Learn more about NVIDIA’s contributions to the Open Compute Project at the 2024 OCP Global Summit, taking place at the San Jose Convention Center from Oct. 15-17.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Kristin Uchiyama
    NVIDIA Corporation
    +1-408-313-0448
    kuchiyama@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, and performance of NVIDIA’s products, services, and technologies, including NVIDIA Blackwell accelerated computing platform, NVIDIA Spectrum-X Ethernet networking platform, NVIDIA GB200 NVL72, NVIDIA NVLink, NVIDIA HGX H100, NVIDIA MGX modular architecture, NVIDIA Grace CPUs, NVIDIA H100 Tensor Core GPU, and NVIDIA ConnectX-8 SuperNIC; NVIDIA contributing foundational elements of its NVIDIA Blackwell accelerated computing platform design to the Open Compute Project (OCP) and broaden NVIDIA Spectrum-X support for OCP standards; the benefits and impact of NVIDIA’s collaboration with third parties; third parties using or adopting our products or technologies; NVIDIA working alongside industry leaders to shape specifications and designs that can be widely adopted across the entire data center; by advancing open standards, NVIDIA helping organizations worldwide take advantage of the full potential of accelerated computing and create the AI factories of the future; as the world transitioning from general-purpose to accelerated and AI computing, data center infrastructure becoming increasingly complex; and the timing and themes of the 2024 OCP Global Summit are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

    © 2024 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, ConnectX, NVIDIA Grace, NVIDIA HGX, NVIDIA MGX, NVIDIA Spectrum-X, NVLink and SuperNIC are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a75e1ec2-a3aa-4833-a1fc-65420becb4cf

    The MIL Network –

  • MIL-OSI Europe: Villers-Cotterêts Declaration (7 Oct. 2024)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    1. We, the Heads of State and Government of countries which have a shared relationship with the French language, meeting on 4 and 5 October 2024 for the 19th Francophonie Summit in the French Republic;

    2. Welcome the opening of this Summit at the Cité Internationale de la Langue Française, where in 1539 the Ordinance of Villers-Cotterêts was signed, for the first time making French the official language of France;

    3. Reiterate our commitment to the French language, a language of teaching and communication, development, transmission and sharing, of creation and opportunities, a language of negotiation in international forums, for our populations, particularly young people, in accordance with the Declaration on the French Language in the Linguistic Diversity of Francophonie, adopted at the 18th Summit in Djerba;

    4. Aware of the multi-faceted crises affecting the Francophone space, including armed conflict, situations of occupation and settlement, as well as terrorist acts, support the International Organisation of la Francophonie in its role as a key forum for dialogue, which is essential to strengthen the shared values of humanity, i.e. peace, sustainable development, democracy, the rule of law and human rights, pursuant to the Charter of the Francophonie, the Bamako Declaration (2000) and the Saint-Boniface Declaration (2006) and in compliance with the principles of the Universal Declaration of Human Rights and the Charter of the United Nations, international law and the United Nations Security Council resolutions;

    5. Condemn violations of international law and international humanitarian law;

    6. Remain committed to addressing the challenges of climate change, working to protect the environment, and supporting the work of the OIF through the 2023-2030 Francophonie Strategic Framework in order to encourage Francophone synergies and consultations prior to multilateral events on these issues, and highlight that the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement) must urgently enter into force and call for swift progress in negotiating the International Treaty against Plastic Pollution with a view to the UN Ocean Conference (UNOC 2025); remain committed to the challenge of climate finance and recall that no State or government should have to choose between fighting poverty and preserving the planet; and in that regard, welcome the organization by France of the Summit for a New Global Financing Pact in Paris in 2023;

    7. We therefore recall that climate financing is the cornerstone in the global effort to fight climate change and highlight, in that regard, the importance of the Loss and Damage Fund established at COP27 in Sharm-el-Sheikh, recognizing its role in addressing the negative impact of climate change; Welcome the support provided by the OIF through the training of climate negotiators, in achieving this objective;

    8. Recall our commitment to the role of civil society and non-governmental organizations, and support an active Conference of International Non-Governmental Organisations for the benefit of populations and Francophone institutions.

    9. Renew our commitment to promoting gender equality, in accordance with the Francophonie Strategy for the Promotion of Gender Equality, the Rights and the Empowerment of Women and Girls, adopted at the 17th Francophonie Summit in Yerevan;

    10. Believe that the future of our young people is a priority which requires us to continually work with them to foster peace and sustainable development in our societies, in line with the Francophonie values of solidarity, tolerance, justice and inclusiveness;

    11. Reiterate that the promotion of the diversity of languages and cultures, as well as the diversity of expression and creation of cultural and educational content within the framework of a pluralistic, knowledge-based society are Francophonie’s most precious assets;

    12. Urge all OIF countries as well as institutions and agencies of the Charter of the Francophonie to promote the spirit of solidarity and respect shown both at the 2023 Francophone Games in the Democratic Republic of the Congo and the Olympic and Paralympic Games in France in the summer of 2024, with a view to upcoming international sporting events, particularly the Francophone Games, to be hosted by Armenia in 2027;

    13. Building on the legacy of Francophonie institutions, including the 36th session of the Francophonie Ministerial Conference (FMC) in Monaco and the 18th Francophonie Summit in Djerba, having highlighted the importance of innovation in promoting science and the digital economy in order to reduce the digital divide, ensure high-quality education and better access to employment;

    Have decided to make the theme of the 19th Summit: “Create, innovate and do business in French”

    I. The French language, serving an education, training and employability continuum

    Considering that the French language remains the bedrock of our Organisation, while respecting linguistic diversity and promoting multilingualism;

    14. Reiterate our commitment to the teaching of French, and teaching in French, and welcome the key role of educators and school communities. Commit to working alongside the OIF to develop linguistic training and teaching, in order to significantly increase the number of trained educators to ensure high-quality education for all; to this end, encourage sharing of expertise and best practices among training institution networks, the implementation of shared programmes and mechanisms, including greater online resources for educators and educational officials in the Francophone space;

    15. Support the adaptation of academic, professional and technical Francophone training, including through work-based learning, apprenticeships and mentoring in French, in order to promote a spirit of creation, innovation and entrepreneurship for young people, in line with the necessary skills to make them employable and boost the economic development of OIF member countries;

    16. Highlight the importance of facilitating exchanges among young Francophones in training, volunteers, academics, researchers and entrepreneurs, particularly within the framework of cross-cutting mobility projects in the Francophone space; encourage, to that end, multi-stakeholder cooperation involving OIF member countries and Charter of the Francophonie institutions and agencies, with economic and civil society stakeholders;

    17. To better tackle pandemics, call for greater French-language training in the area of healthcare through digital tools and in this regard, welcome national and multilateral efforts, particularly within the World Health Organization (WHO) in Geneva, which this year will open its continuous training centre, the WHO Academy in Lyon, and the cooperation agreement signed between the OIF and WHO in 2021;

    18. Encourage Charter of the Francophonie institutions and agencies to strengthen their work for cultural diversity, in line with the Convention on the Protection and Promotion of the Diversity of Cultural Expressions, adopted by UNESCO in 2005, thus enabling greater visibility among the huge diversity of French-language productions;

    19. Recall that Francophone cultural and linguistic diversity is very important within the digital space, and encourage Francophonie to actively continue its contribution to global digital governance, in accordance with the 2022-2026 Strategy for Digital Francophonie, particularly the process linked to the World Summit on the Information Society (WSIS) in Geneva, the Global Digital Compact in New York and the 2025 Artificial Intelligence (AI) Action Summit in Paris.

    20. Recognize the urgent need to take action in the digital environment and urge Charter of the Francophonie institutions and agencies to implement solutions for accessibility, linguistic diversity and the discoverability of French-language cultural, educational and scientific content and French-language training of generative artificial intelligence; welcome the scale of digitized collections of Francophone documentation centres and new cooperation opportunities created by the Cité Internationale de la Langue Française in Villers-Cotterêts in these areas;

    21. Call for high-level dialogue and advocacy to continue in the area of culture, particularly with regard to protecting and promoting the diversity of cultural and linguistic expressions;

    22. Reiterate our commitment to the multilateral media outlet, TV5, and commit to promote and distribute it; in this regard, we will take every appropriate measure, using all distribution methods, to ensure our populations have the widest possible access to TV5’s channels and the TV5MondePlus digital platform, which showcase the cultural diversity of the Francophone space;

    23. Recalling UNESCO’s Recommendation on the Ethics of Artificial Intelligence, welcome the fact that advances in artificial intelligence can contribute to the fields of translation and interpreting, including within international bodies; and call for these technological developments to fully respect the essential role of French-speaking translators and interpreters;

    24. Highlight the determination of OIF member countries to maintain a reliable, free and safe information space, in accordance with the resolution on good governance adopted at the 44th Ministerial Conference of La Francophonie (CMF) in Yaoundé; declare our full support for the Information and Democracy Partnership and the need to promote media and information education; in this regard, we welcome the 1st High-Level Forum of members of the Network of French-speaking media regulatory authorities (REFRAM) and the major digital space platforms, the adoption of the Abidjan Declaration of 24 April 2024 aimed at strengthening dialogue between regulators and major online platforms in Africa and the Francophone space, as well as the signing of the voluntary commitment protocol, and in this regard, welcome the Villers-Cotterêts Call for an honest, trustworthy digital space in the Francophone world, launched at the opening of this 19th Francophonie Summit;

    II. Create, innovate and do business in the Francophone space

    Considering that success in Francophonie can only be achieved once the French language has been acquired;

    25. Highlight the essential role of compliance with the fundamental freedoms of creation, innovation and enterprise, in accordance with the Bamako Declaration;

    26. Together call on all Charter of the Francophonie institutions and agencies to encourage freedom of creation, in all the diversity of artistic expression, invite them to develop their work for cultural and creative industries, particularly through the development and improvement of vocational training in these sectors, which offer a wide range of employment opportunities;

    27. Recall that the future of artists and creators from all cultural sectors requires working in compliance with copyright and neighbouring rights, and we are committed to strengthening these legal and administrative mechanisms for the regular collection and payment of royalties, and to support the international distribution of works, including within the digital space;

    28. Welcome the work of the OIF for Francophone authors and express our commitment to the Francophonie literary awards, including the Prix des cinq continents, as well as the programmes to support broadcasting productions through the Images de la Francophonie and the Francophonie TV5Mondeplus Funds;

    29. Invite Charter of the Francophonie institutions and agencies in collaboration with civil society, to discuss the importance of Francophonie in sport, highlighting the social and economic opportunities it offers for young Francophones, as well as its positive impact on health and well-being;

    30. Welcome the meaningful results of the Francophonie economic and trade missions, as part of the Economic Strategy for La Francophonie 2020-2025, and reiterate our support for the involvement of women and young entrepreneurs in these missions; support partnerships with Francophone economic networks to back companies as they develop internationally;

    31. Encourage initiatives to promote Francophone entrepreneurship, particularly in sectors linked to climate change and sustainable tourism, and call for enhanced relations between companies and academic, vocational and technical training institutions, as well as Francophone standardization and intellectual property networks;

    32. Also encourage concerted Francophone efforts to facilitate access for OIF member countries and local authorities to climate and biodiversity finance, in support of innovation and entrepreneurship;

    33. Place special emphasis on actions to promote the empowerment of women and urge all OIF member countries to support the strengthening of the La Francophonie Avec Elles Fund, with regard to its importance for direct beneficiaries and positive impacts for local communities;

    34. Aware of the economic and cultural cooperation opportunities opened up by the French language, we are committed to promoting mobility via Francophonie programmes and movement within our space for nationals of our countries, entrepreneurs, artists and graduates who, for professional purposes, are required to travel regularly, in compliance with national visa legislation and regulations;

    35. Take note, in this regard, that the Parliamentary Assembly of the Francophonie (APF), in its declaration on citizen mobility in the Francophone space, recommends implementing measures to consolidate Francophonie as a more integrated space and to make better use of its social and economic potential;

    36. In the interests of all these commitments, encourage the institutions and agencies of the Charter of the Francophonie to continue diversifying their sources of finance, in addition to voluntary contributions from OIF member countries, in order to strengthen the implementation of their programmes, including through public-private partnerships and development banks.

    Source: Website of the Presidency of the Republic

    MIL OSI Europe News –

  • MIL-OSI: StableMetal Disrupts Traditional Metals Market with Innovative Tokenized Assets

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) — StableMetal, a trailblazing project on the ToneOpenNetwork, is ecstatic to announce the forthcoming launch of its innovative tokenized metals – AuS, CuS, and FeS – scheduled for early 2025. These tokens, backed by real-world physical assets, aim to revolutionize the commodities market by introducing stability, security, and accessibility to metal trading.

    Reshaping the Metals Trading Landscape with Tokenization

    Driven by its mission to transform the metal trading landscape, StableMetal has constructed a robust platform that leverages derivative tokens secured by NFTs. This ingenious approach empowers investors to participate in the tokenized metals market while ensuring transparency and liquidity. The STBL token, the lifeblood of the platform’s ecosystem, has already gained significant traction with a market cap of $6 million, while the combined capitalization of its upcoming tokenized metals approaches a staggering $2 billion.

    Expanding Reach: Upcoming Listings on Major Cryptocurrency Exchanges

    StableMetal is actively engaged in discussions with leading cryptocurrency exchanges, including MEXC, BitMart, and Bitvavo, for listing the STBL token. Acquiring the necessary funds will be the final step before securing these listings, which will play a pivotal role in enabling global access to STBL and its tokenized metal derivatives.

    The project has further ambitions to secure additional listings on prominent exchanges like Gate.io, KuCoin, and Bybit, solidifying its market presence and bolstering liquidity. “Our primary objective is to make STBL and our tokenized metals universally available, granting investors effortless access to metal-backed assets,” stated the StableMetal Team.

    Rewarding Early Supporters and Bolstering Growth

    To commemorate the launch of these novel tokenized metals, StableMetal is planning a unique airdrop catering to early investors and active users. This campaign will shower participants with exclusive tokens, presenting an exciting opportunity to become an integral part of the StableMetal community.

    Furthermore, StableMetal is gearing up for a funding round, prioritizing a decentralized token distribution strategy. “We are thrilled to welcome new investors who share our vision of building a transparent and highly liquid metal trading ecosystem,” commented Semion Bozbei, CEO of StableMetal.

    Seamless Integration and Continued Expansion

    While STBL currently lacks EVM compatibility, StableMetal is diligently developing bridge solutions to achieve cross-chain compatibility. This initiative will ultimately enhance accessibility and facilitate integration with other platforms.

    Join the StableMetal Revolution

    StableMetal extends an open invitation to metal enthusiasts, investors, and traders to join its journey as it redefines the future of metal trading. To learn more, explore their website or connect with them on their social media platforms.

    About Us

    Stable Metal is a ground-breaking platform that combines blockchain technology with real-world precious metals. Built on top of vast metal reserves, the platform’s native token, STBL, ushers in a new era of market stability for cryptocurrencies. Combining the stability of precious metals with the potential of blockchain technology on the TON network, this novel strategy gives investors a chance to partake in the conventional and digital asset markets at the same time.

    Contact

    Company: StableMetal
    Name: Semion Bozbei, CEO
    Email: mail@stablemetal.com
    Website: https://stablemetal.com/

    Disclaimer: This content is provided by StableMetal. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/867ad240-f580-42ea-94b6-4a62c03be312

    The MIL Network –

  • MIL-OSI: Bybit’s World Series of Trading (WSOT) 2024 with DEX Integration is Now Open for Registration, Offering Over 10 Million USDT in Rewards

    Source: GlobeNewswire (MIL-OSI)

    WSOT 2024 partners with the world’s top crypto ecosystem players, offering traders access to exclusive content, Web3 engagement, and a chance for incredible prizes.

    DUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially opened registration for traders worldwide for the World Series of Trading (WSOT) 2024.

    Now in its fifth year, WSOT 2024 is bigger, better, more connected and more innovative than ever and offers participants the opportunity to compete for the largest prize pool to date: more than 10,000,000 USDT.

    Don’t Miss Out on a 100,000 USDT Airdrop Special Event on 9 Oct 2024!

    In a one-day special event, Bybit is offering participants the chance to win a share of 100,000 USDT in an airdrop. Simply register and join a squad to boost your rewards. With multiple subaccounts allowed, participants can significantly increase their chances of claiming more prizes!

    Partnering with the World’s Top Crypto Ecosystem Players

    For WSOT 2024, Bybit has established strong collaborations with Web3 builders, top crypto platforms, and Key Opinion Leaders (KOLs). This year, participants will stay connected to the crypto world like never before, gaining access to exclusive livestreams, special events, and in-depth content.

    These partnerships will offer real-time insight and expert opinions, allowing traders to stay ahead of the curve in decentralized finance (DeFi) and Web3 projects. Participants will have access to the minds behind the top projects in the space, learn from the most innovative crypto industry leaders, and network with a like-minded community.

    WSOT Goes DeFi with DEX integration

    This year’s edition introduces the integration of centralized exchanges (CEXs) and, for the first time, decentralized exchanges (DEXs) trading, connecting participants from both backgrounds. This feature also introduces the WSOT DEX Wave, a decentralized side campaign integrating Web3 voting and rewards.

    Through Bybit’s DEX Wave, traders can engage with over 1 million decentralized tokens, including memecoins, GameFi tokens, and DeFi projects, earning points by completing tasks and voting for their favorite Web3 projects. With a daily prize pool of 200,000 MNT for top scorers, the DEX Wave allows participants to compete for a whopping 1,000,000 MNT prize pool.

    Fair Competition with Tiered Structure

    WSOT 2024 is committed to fairness and features a tiered competition structure that divides traders into lightweight, middleweight, and heavyweight categories based on their account balance. This system balances the scales for newcomers and seasoned traders alike, ensuring a fair competition that prioritizes skill and methodology above all else.

    For the first time in the series, WSOT 2024 introduces the ROI Reset Card, enabling participants to reset their profit and loss (PnL) metrics if they fall into negative values. This new feature gives traders a fresh start and a confidence boost as they persevere through the competition’s highs and lows.

    For even more fairness and an edge in the competition, Bybit’s Unified Trading Account (UTA) will allow participants to use one main account and up to four subaccounts. This multi-account flexibility enables traders to maximize their shot at winning in both the Squad Showdown and individual rankings.

    More Than 10M USDT Prize Pool and Luxury Rewards

    WSOT 2024 will feature the biggest prize pool to date: a staggering 10 million USDT in rewards and luxury prizes, including a yacht, Rolex watches, and world trips.

    Whether part of a Squad or flying solo, traders can get a chance to claim their share of these incredible prize offerings.

    WSOT 2024 Registration

    To participate in WSOT 2024, traders must hold at least 500 USDT in their participating Bybit account. Registration is now open for WSOT 2024, with different windows for Squad Leaders and general participants:

    • Squad Leader registration is open until Oct. 9, 10 am UTC,
    • Standard registration runs until Oct. 10, 10 am UTC, with late registration available until Oct. 20, 10 am UTC.

    The competition kicks off on Oct. 10, 10 am UTC, and runs through until Oct. 31, 10 am UTC.

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 53 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    To learn more about Bybit, please visit https://www.bybit.com.

    Contact:
    Belinda Goh
    Belinda.goh@bybit.com

    Disclaimer: This content is provided by Bybit. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e5a7b1d-27c1-485b-96c8-a2d21a0fb51f

    The MIL Network –

  • MIL-OSI USA: Students Harness Power of New Kestrel Supercomputer for Cutting-Edge Energy Research and Innovation

    Source: US National Renewable Energy Laboratory

    Surendra Sunkari, a high-performance computing (HPC) engineer at the National Renewable Energy Laboratory, examines Kestrel. Photo by Joe DelNero, NREL

    Students pursuing careers in energy research had a unique opportunity this year to use Kestrel—the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy’s (EERE’s) third-generation supercomputer hosted by the National Renewable Energy Laboratory (NREL).

    This summer, NREL completed the full buildout of Kestrel, reaching 44 petaflops of computing power focused on renewable energy and energy efficiency research. Students from across the country were invited by EERE to apply for access to this powerful tool to advance their research and to expand EERE’s computational efforts for the energy transition. Last fall, over 25 students from 15 universities across the United States applied to use Kestrel for the 2024 spring and summer semesters.

    Students like Yifan Hu at Iowa State University used Kestrel to study the effect of solar wind and other space weather phenomena on solar energy infrastructure. Using the supercomputer’s advanced central processing unit nodes, his team tested new scalable algorithms to provide robust and accurate methods to model solar wind using a numerical method called the relativistic Vlasov-Maxwell system, with the goal of understanding the effects of solar wind on the stability and efficiency of solar power plants to improve power grid reliability and resilience. Access to Kestrel enabled Hu to receive computing results within a week, which led to the submission of two journal articles currently under review.

    Rajat Goel, a chemical engineering student at the University of California, Davis used Kestrel’s high-performance graphics processing units to simulate uranium and its defects, an extremely complex problem that requires significant computational power. Goel researched developing future protective coatings for nuclear reactors to prevent uranium hydride formation, as it is highly toxic and incredibly flammable. Using Kestrel, he significantly reduced the time needed for these simulations. Nuclear energy plays a role as a noncarbon energy source by generating carbon-free power. Ensuring its safe and reliable production is an important factor toward achieving the Department of Energy’s 2050 net-zero greenhouse gas emissions target.

    Hu and Goel’s research projects highlight Kestrel’s ability to address large-scale challenges, particularly in enhancing energy resiliency. Meanwhile, across the country, students used the supercomputer for different yet equally impactful energy research.

    Stanford University student Mark Benjamin used Kestrel’s advanced artificial intelligence (AI) and machine learning capabilities in his manufacturing research project to apply AI models, including convolutional neural networks to model drag and convolutional autoencoders to represent realistic car shapes. The project goal was to set new standards for vehicle design and optimization, aiming to improve fuel efficiency and reduce carbon emissions.

    Students from the University of Minnesota, led by Suryanarayan Ramachandran, used computational fluid dynamics codes on Kestrel to design novel engines that use hydrogen for combustion. This project leveraged an Exascale Computing Project code called AMRex Combustion PeleC to perform first-of-its-kind high-fidelity three-dimensional simulations of explosive hydrogen reactions, called oblique detonation waves, to investigate how hydrogen combustion can be used for future hypersonic propulsion systems, advancing fuel technologies research to reduce fossil fuels.

    Tackling complex energy challenges requires powerful computational resources along with support to ensure the productive use of these resources. Students received help getting their accounts set up and running their workflows on Kestrel from the User Operations staff in the Computational Science Center at NREL. Providing students with access to Kestrel not only advances current research but also shapes the future of clean energy technologies by equipping students with advanced skills to lead in the field of energy innovation and research.  

    Students interested in using Kestrel for their energy research should keep an eye out for future opportunities at nrel.gov/news.

    Read blog posts about the installation of NREL’s Kestrel high-performance computing system.

    MIL OSI USA News –

  • MIL-OSI Global: A brief history of deadly dolls in horror cinema – from Annabelle to M3gan

    Source: The Conversation – UK – By Sandra Mills, Associate researcher, faculty of arts, cultures and education, University of Hull

    From Longlegs (2024) to M3GAN (2022) to Annabelle Comes Home (2019), creepy dolls are eerily at home on the big screen. Their cinematic history can be traced back to The Doll’s Revenge (1907) in which a young boy witnesses his previously destroyed sister’s doll reassemble itself, before tearing him apart and devouring him.

    Over the course of the 20th century, cinematic dolls became more aggressively homicidal and the 1980s saw a significant shift in the killer toy sub-genre of horror cinema. Previously governed by puppets and ventriloquist dummies, as seen in Dead of Night (1945) and Magic (1978), in the eighties, the horror output spotlighted malevolent dolls, as can be seen in Curtains (1983) and Black Devil Doll from Hell (1984).

    It was the latter part of the decade though, specifically the release of Dolls (1987) and Child’s Play (1988), that really won over horror fans.

    Dolls is a somewhat unique film in that the other-worldly dolls it spotlights play the part of both antagonist and hero. The suggestion that these dolls possess a morality – however erroneous that morality may be – adds an additional dimension to the killer doll archetype presented to genre fans so far.

    Indeed, Dolls actively encourages the viewer to favour these murderous dolls over their human victims. The transgressions these mortals commit, including theft and parental neglect, make them seemingly worthy of this unique form of punishment.

    These dolls are not the glossy, mass-produced figures of Child’s Play. Instead they are humans metamorphosed into dolls as penance for their indiscretions. There is an inherent sentimentality to Dolls, echoes of which can be found in Annabelle (2014), Robert (2015) and The Boy (2016).

    Dolls of the 2000s

    Child’s Play was the first instalment in the “living doll” sub-genre’s most prevalent and durable cinematic franchise – Chucky. Charles Lee Ray, nicknamed “Chucky”, is a serial killer who moves his life-force into a doll, and persistently attempts to transfer his soul from the toy to a mortal body.

    The Chucky films span five decades and six direct cinematic sequels alongside a TV series and film reboot. And a new Chucky film is anticipated in 2026.

    In the 2000s, cinema-goers were gripped by haunted house horror, as seen in The Others (2001) and Paranormal Activity (2007) and exorcism horror, as seen in The Exorcism of Emily Rose (2005) and The Last Exorcism (2010).

    Chucky’s first appeared in Child’s Play (1988).

    The Conjuring (2013) deftly married these two subgenres to produce a purportedly true account of domestic horror that introduced viewers to demonic doll, Annabelle. The doll here exists primarily as a conduit – a haunted object that can manipulate the people and objects around her to do her macabre bidding.

    Annabelle is notable for both her stillness and silence – something of an anomaly in a subgenre that tends to favour a “they walk, they talk, they kill” approach. The doll’s motion is largely limited to occasional subtle movements of the head, and she doesn’t speak throughout the series.

    Instead, Annabelle prefers to occupy others, carrying out her will through unsuspecting hosts and purging the susceptible victims of their own autonomy in the process.

    Annabelle, Chucky and other lesser-known icons of the deadly dolls horror subgenre, typify our enduring cultural fascination with animism (the attribution of life, and on occasion a soul, to an inanimate object) and anthropomorphism (the attribution of human-like characteristics or personality traits to an inanimate object). And more recent films, including M3GAN, are articulating new anxieties surrounding digital surveillance and artificial intelligence.



    Read more:
    M3gan review: an animatronic doll is out to destroy the nuclear family – much to fans’ delight

    The horror of “living” dolls, after all, lies in their uncanny resemblance to something that it is inherently not human. Their faces, whether of porcelain or plastic, mimic our own and so are imbued with an eerily uncanny hue.

    While the fantasy of a treasured toy coming to life may be a bewitching possibility, horror cinema directly threatens that notion as the childhood playthings it portrays become sources of suspicion, trepidation and terror, rather than pleasure.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

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

    – ref. A brief history of deadly dolls in horror cinema – from Annabelle to M3gan – https://theconversation.com/a-brief-history-of-deadly-dolls-in-horror-cinema-from-annabelle-to-m3gan-238128

    MIL OSI – Global Reports –

  • MIL-OSI: 2Synergize, a Simpleview Consulting Agency, Releases the “Top 250” Report

    Source: GlobeNewswire (MIL-OSI)

    TUCSON, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) — The 2024 “Top 250” report has been released on behalf of 2Synergize, a Simpleview consulting agency, and Destinations International. This edition of the sought-after annual report identifies the destination marketing organization (DMO) industry’s largest rotating conventions nationwide.

    The report analyzes the top 250 rotating conventions in the MINT+ database — an exclusive data cooperative that helps destinations prospect intelligently by using both historical data and information on future bookings.

    Notable highlights from the 2024 edition of the report include:

    • Nearly half of the top 250 conventions met in May, June, September, and October
    • 88% of the top 250 conventions will meet in 20 destinations
    • The West/Pacific region will host 33% of the top 250 conventions, followed by the South/Southeast region

    “The ‘Top 250’ report is an invaluable tool for DMOs, offering a deep dive into the trends shaping the meetings and conventions landscape,” said Vail Ross, Managing Director of 2Synergize. “By harnessing the data within MINT+, DMOs can make smarter, data-driven decisions that position their destinations competitively and strategically. This report sheds light on where opportunities lie and empowers destinations to navigate an evolving market confidently.”

    Download the full “Top 250” report here. To dive further into the data, register for the upcoming webinar, “MINT+ ‘Top 250’ Report: Revealing Key Trends in the DMO Industry’s Largest Rotating Conventions,” happening at 10 a.m. PDT/1 p.m. EDT on October 16, 2024.

    About Simpleview
    Simpleview, now part of Granicus, is a worldwide leading provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations (DMOs), and attractions. The company employs staff across the globe, serving clients of all sizes, including small towns, world capitals, top meeting destinations, and countries across multiple continents. For more information, please visit https://www.simpleviewinc.com/.

    About 2Synergize
    2Synergize, LLC is a Simpleview consulting agency specializing in the DMO industry, with a laser focus on helping destinations and partner organizations gain a competitive edge in the meetings and events market.

    Media Contact:
    Stacie Wingfield
    VP of Marketing at Simpleview
    859-206-5020
    stacie.wingfield@simpleviewinc.com

    The MIL Network –

  • MIL-OSI: Credit Agricole Sa: Crédit Agricole Personal Finance & Mobility takes a stake in GAC Leasing to support the growth of GAC Group sales in China

    Source: GlobeNewswire (MIL-OSI)

    Massy – October 15th, 2024

    Crédit Agricole Personal Finance & Mobility
    takes a stake in GAC Leasing to support the growth
    of GAC Group sales in China

    • CA Personal Finance & Mobility announces the planned acquisition of 50% of the equity interests of GAC Finance Leasing Co. Ltd. (GAC Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd. (GAC Group), via a reserved capital increase.
    • With this new joint venture, CA Personal Finance & Mobility is expected to offer financial and operational leasing solutions on the Chinese market in 2025 and will thus promote the deployment of electric vehicles in China.
    • This transaction will consolidate a partnership that has existed since 2009 between CA Personal Finance & Mobility and GAC Group with the creation of GAC-Sofinco AFC, a 50-50 joint venture. The latter operates throughout China and offers automotive financing and services to the GAC-Honda, GAC-Toyota, AION, HYPTEC and GAC Motor networks, serving more than 3,000 dealers.

    CA Personal Finance & Mobility to become 50% shareholder of GAC Leasing

    Following a reserved capital increase, CA Personal Finance & Mobility will hold 50% of the equity interests of GAC Leasing. The company has been operating on the Chinese market since 2004 and offers financial and operational leasing solutions to GAC customers and its dealer network.

    Through this transaction, CA Personal Finance & Mobility and GAC group are strengthening the leasing offer proposed to Chinese customers, thereby stimulating the sale of electric vehicles, which already represents 60% of GAC Leasing’s leasing contracts on a portfolio of more than 200,000 vehicles.

    The impact on the CET1 ratio of Crédit Agricole S.A. and that of the Crédit Agricole group will be very limited.

    « This transaction reaffirms the importance of our long-standing partnership with GAC group. It will enable us to support together and over the long term the development of the particularly dynamic electric automobile market in China. »
    STEPHANE PRIAMI – CEO of Crédit Agricole Personal Finance & Mobility

    Key figures:

    • In 2023, GAC group was the 4th largest automotive group in China
    • More than 2.5 million vehicles sold in 2023 worldwide
    • 39,90% of electrified vehicles sold in 2023

    Press Contact

    Claire Garcia
    presse@ca-cf.fr
    +33 (0)1 87 38 11 81 / +33 (0)6 80 41 17 77

    About Crédit Agricole Personal Finance & Mobility

    Crédit Agricole Personal Finance & Mobility is a leader in personal financing and a provider of access to all mobility solutions in Europe. It distributes directly, at the point of sale or on its partners’ e-commerce platforms, a wide range of financing solutions – amortizable credit, revolving credit, leasing and credit buyback – with associated services including insurance, split payment solutions and services dedicated to mobility, with the aim of meeting the challenges of energy transition in mobility, housing and consumption. Its financing solutions and services are offered in France via Sofinco, in Italy via Agos, in Germany via Creditplus, in Portugal via Credibom, in Spain via Sofinco Espana, in Morocco via Wafasalaf, and in China via GAC-Sofinco (automotive financing only). Crédit Agricole Personal Finance & Mobility aims to be the leader in electric mobility in Europe and offers a mobility continuum in the 22 countries where it is present (leasing, medium and short-term rental, subscription, car sharing, installation of charging stations, etc.). The company relies on Leasys, a joint venture equally owned by Stellantis, CA Auto Bank and Drivalia, the pan-European leader in automotive financing, rental and mobility, Crédit Agricole Mobility Services, a comprehensive service offering dedicated to mobility and the development of automotive financing in its universal subsidiaries in Europe and in Crédit Agricole Regional Banks and at LCL via Agilauto. CA Personal Finance & Mobility acts every day in the interest of its 17.2 million customers and society. As of December 31, 2023, CA Personal Finance & Mobility managed €113 billion in outstanding credit. More information: http://www.ca-personalfinancemobility.com

    Attachment

    The MIL Network –

  • MIL-OSI: GL Advances Network Testing with PacketExpert 100G Solution

    Source: GlobeNewswire (MIL-OSI)

    GAITHERSBURG, Md., Oct. 15, 2024 (GLOBE NEWSWIRE) — GL Communications Inc., a global leader in telecom test and measurement solutions, addressed the press regarding their advanced Ethernet and IP testing solution, PacketExpert™ 100G. This tool tests high-speed networks at wirespeed, making it perfect for network engineers in search of precision and adaptability. With the ability to seamlessly interface to industry-standard equipment, PacketExpert™ 100G ensures smooth incorporation into the existing testing environments.

    [For illustration, refer to https://www.gl.com/images/Newsletter/packetExpert-100g-architecture-newsletter.jpg]

    “GL’s PacketExpert™ 100G is a hardware platform designed for wirespeed Ethernet and IP testing at speeds of up to 100 Gbps. The PacketExpert™ 100G functions as a full-fledged PC, equipped with specialized network interface cards, GL’s proprietary PacketExpert™ software, optimized RAM, storage, processing, and cooling systems. The Ethernet ports support speeds of 1 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, and 100 Gbps. The appliance comes with up to eight ports, all of which can generate and receive traffic simultaneously,” said Vijay Kulkarni, CEO of GL Communications.

    The PacketExpert™ 100G, available in portable and rack-mount configurations, supports up to eight ports per appliance and offers a user-friendly web interface for multi-user, multi-location access. Users can configure tests, monitor real-time graphs, and export results to PDF and CSV, with Python scripting available for automation of complex tests.

    Featuring high-speed 100 Gbps QSFP ports, the PacketExpert™ 100G supports various optical speeds—1 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, and 100 Gbps by utilizing adapters with the respective SFP modules. GL provides a full accessory kit with QSFPs, fiber optic cables, and adapters for enhanced flexibility.

    PacketExpert™ 100G provides robust support for Forward Error Correction (FEC) in compliance with IEEE 802.3 standards, a crucial feature for maintaining data integrity in high-speed, long-distance networks. FEC enhances network reliability and performance by detecting and correcting bit errors during transmission. The supported FEC types include Fire Code FEC, RS-FEC (528, 514), and RS-FEC (544, 514).

    The Multi-Stream Traffic Generator and Analyzer allows the device to generate multiple streams of Ethernet traffic with customizable protocol headers, packet sizes, and payloads. Supporting up to 16 streams per port, it is ideal for end-to-end testing of Wide Area Networks at speeds up to 100 Gbps. Key metrics measured include throughput, packet loss, delay, jitter and more.

    [For more information, refer to Efficient Multi-Stream Traffic Testing]

    ITU-T Y.1564 is a Service Activation test methodology that allows for comprehensive validation of Ethernet Service-Level Agreements. GL’s ExpertSAM™ is optimized for multiservice applications, measuring maximum network performance. Each port supports up to 16 streams. This enables users to assess Ethernet service capabilities for voice, data and video traffic, surpassing traditional RFC 2544 testing, especially in Wide Area Network scenarios.

    [For more information, refer to Streamlining Multiservice Testing]

    PacketExpert™ 100G supports Python automation, which allows for seamless integration into automated testing environments. Through the PacketExpert™ Python client APIs, users can control all functionalities of the device remotely, making it ideal for regression testing in network validation setups.

    [For more information, refer to Python Sample Script]

    Key features of the PacketExpert™ 100G include:

    • PCIe based hardware supports up to 8 x 100G ports in either portable or rack-mount form factors
    • Detects Layer 1 alarms and errors
    • Simultaneously generate and receive Ethernet traffic at 100% wirespeed (bidirectional 100 Gbps rate)
    • Generates traffic from Layer 2 to Layer 4 at up to 100 Gbps with varying protocol headers and packet sizes
    • Generate frames with lengths ranging from 64 bytes to Jumbo frames (up to 16000 bytes)
    • BERT supports industry standard PRBS patterns including 29-1, 211-1, 215-1, 220-1, 223-1, 229-1, and 231-1, as well as user defined patterns
    • BERT can be tested at Ethernet (Layer 2), up to 3 Stacked VLAN (Q-in-Q), up to 3 Stacked MPLS (Layer 2.5), IP (Layer 3) and UDP (Layer 4)
    • Capable of handling full wirespeed BERT, in both directions Electrical/Optical ports
    • Supports smart loopback with auto layer detection, and allows swapping source and destination addresses at MAC, IP and UDP layers
    • Generates traffic at throughput of CIR (guaranteed traffic), EIR (best effort bandwidth) and Traffic Policing Rates (dropped bandwidth) ensuring key performance indicators validation
    • Supports multiple streams with customizable configurations, including MAC/VLAN/IP/UDP headers, rate, and frame size, allowing prioritization of different traffic types (e.g., voice, video, data)
    • Measures packet loss, delay, and jitter for each stream, providing real-time graphs to visualize these metrics across all streams

    About GL Communications Inc.,

    GL Communications is a global provider of telecom test and measurement solutions. GL’s solutions are used to verify the quality and reliability of Wireless, Fiber Optic, TDM and Analog networks.

    Warm Regards,

    Vikram Kulkarni, PhD
    Phone: 301-670-4784 x114
    Email: info@gl.com

    The MIL Network –

  • MIL-OSI: Sidetrade: 33% Increase in Revenue for Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    Q3 bookings at €1.52 million, in line for 2024

    Strong revenue growth, up 33%, with SaaS subscriptions up 31%

    Registration completed in France’s public invoicing portal

    Sidetrade rises to the Top 15% on EcoVadis

    Sidetrade, the global leader in generative AI-powered Order-to-Cash applications, announced a 33% revenue increase for the third quarter of 2024.

    Olivier Novasque, CEO of Sidetrade commented:

    “To date, our continually robust organic growth, combined with the strategic relevance of our external growth through the consolidation of SHS Viveon, has triggered an impressive 33% increase in our revenue. The expected slowdown in bookings over the third quarter, which is traditionally the weakest period of the year, in no way affects our ambition to match or even exceed our all-time record for contracts won last year. That said, we are embarking on a strong trajectory and reiterate our confidence in stepping up double-digit growth for 2024 and further out.

    Parallel to this, our official registration as a Dematerialization Platform Partner by France’s Public Finance Department, and, in a different context, reaching the Top 15% of the EcoVadis ranking highlights our commitment to the environmental, social and governance responsibility. Performance, safety and efficiency are more than mere targets; together, they form the pillars that shape our future.

    Quarter after quarter, our resilient economic model combined with our technological lead in AI and accelerated international growth – now with 68% of revenue achieved outside France – have enabled us to significantly upscale in next to no time, fast-tracking Sidetrade’s development into one of the select few Order-to-Cash technology leaders worldwide.”

    Q3 bookings at €1.52 million, in line for 2024
    In Q3 2024, which is traditionally the weakest of the year, Sidetrade achieved bookings of €1.52 million in New Annual Contract Value (ACV), versus €2.49 million in the same period last year. As announced during the September 11 investor presentation, the expected slowdown in third-quarter bookings against a complex economic and political backdrop does not affect the Group’s positive outlook for the full 2024 fiscal year.

    In the first nine months of 2024, Sidetrade recorded €8.94 million for bookings in New Annual Contract Value (ACV), compared to €8.42 million year-over-year (+6%). Given the postponement of a number of new contracts in Q3 2024 – serving to bolster an already strong business pipeline for Q4 2024 – Sidetrade is expected to match or even exceed its historic bookings record on a full fiscal year basis, which was set in 2023 with €11.2 million achieved in new ACV terms.

    Strong revenue growth, up 33%, with SaaS subscriptions up 31%

    Sidetrade

    (€m)

    		 Q3 2024 Q3 2023 Change
    SaaS subscriptions 12.5 (1) 9.5 +31%
    Revenue 14.9 (2) 11.2 +33%

    (1) includes €1.5m in recurring revenue from SHS Viveon
    (2) includes €2.1m in revenue from SHS Viveon

    In Q3 2024, Sidetrade achieved revenue of €14.9 million, representing an increase of 33% and up 14% on a comparable scope basis (excluding the recent acquisition of SHS Viveon). This strong performance is attributable to several key factors.

    First, the robust momentum in revenue growth on a constant scope basis continues. As a reminder, in the first half of 2024, Sidetrade reported a 19% increase in its revenue with growth of 18% in revenue for SaaS subscriptions which was impacted by a 4% contribution from the CreditPoint Software business, consolidated as of July 2023. On a constant scope basis, growth in the Company’s revenue was therefore 15%, with a 14% increase in revenue for SaaS subscriptions. In line with this performance, Sidetrade (excluding SHS Viveon) sustained vigorous momentum over Q3 2024, posting a 14% increase in its total Company revenue and 15% revenue growth for SaaS subscriptions, driven by a record performance for half-year bookings.

    In addition, the consolidation of the SHS Viveon business – effective since July 1, 2024 – substantially contributed to this quarterly growth, delivering a positive impact of 19%. SHS Viveon generated revenue of €2.1 million in Q3 2024. Fully consolidated in the DACH region (Germany, Austria, Switzerland and eastern European countries), SHS Viveon’s business represents a new growth driver for Sidetrade, with this geography now accounting for 14% of the Company’s total revenue.

    On the back of SHS Viveon’s consolidation, international markets now represent 68% of the Group’s revenue. With more than 70% of its workforce based outside France, Sidetrade is strongly positioned to capitalize on an increasingly globalized market, while leveraging a strong local presence in its strategic markets.

    Lastly, North America delivered the strongest growth, with revenue up 30%, representing €4.1 million over the period. This market will continue to play a pivotal role in Sidetrade’s growth trajectory.

    Analysis of the Company’s customer profiles (including the consolidated SHS Viveon) is underpinned by brisk growth of 53% in subscriptions with multinational corporations generating €2.5 billion-plus revenue. These contracts now account for more than half (52%) of Sidetrade’s total subscriptions and are expected to remain an important growth driver in the quarters ahead. The acquisition of SHS Viveon has helped accelerate this momentum, thanks to the business’ established portfolio of key accounts.

    Registration completed in France’s public invoicing portal

    Under France’s reform of electronic invoicing, Sidetrade was recently registered as a Dematerialization Platform Partner by the country’s Public Finance Department.

    While acknowledging that this initiative marks a step forward, Sidetrade does not regard it as providing a competitive advantage to its solutions and the Company is continuing to assess all options consistent with its targets for strategic development, both in France and internationally.

    Sidetrade rises to the Top 15% on EcoVadis

    Sidetrade recently secured a new Silver medal from EcoVadis, ranking among the top 15% of companies rated within its industry. This award recognizes the Group’s social and environmental performance.

    In September 2024, the Company reached a score of 70/100, placing it in the 91st percentile. This progress from its previous rating of 68/100 and its positioning in the top 25% underscore the Group’s relentless focus on improving its sustainable operations. The EcoVadis score illustrates the strides taken to address environmental, social, and ethical issues, particularly through strengthened policies on cutting energy consumption and optimizing technical infrastructure.

    Such recognition distinguishes Sidetrade as one of the sustainability leaders in its sector, enhancing its credibility with international clientele and partners while cementing its position as a responsible company committed to driving the transition towards a more sustainable economy.

    Next financial announcement
    Annual Revenue for 2024: January 21, 2025 (after the stock market closes)

    Investor relations
    Christelle Dhrif                00 33 6 10 46 72 00           cdhrif@sidetrade.com

    About Sidetrade (http://www.sidetrade.com)
    Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform designed to revolutionize how cash flow is secured and accelerated. Leveraging its next-generation AI, nicknamed Aimie, Sidetrade analyzes $6.1 trillion worth of B2B payment transactions daily in its Cloud, thereby anticipating customer payment behavior and the attrition risk of more than 38 million buyers worldwide. Aimie recommends the best operational strategies, dematerializes and intelligently automates Order-to-Cash processes to enhance productivity, results and
    working capital across organizations.
    Sidetrade has a global reach, with 400+ talented employees based in Europe, the United States and Canada, serving global businesses in more than 85 countries. Amongst them: Bidcorp, Biffa, Bunzl, Engie, Expedia, Inmarsat, KPMG, Lafarge, Manpower, Opentext, Page, Randstad, Saint-Gobain,
    Securitas, Sodexo, Tech Data, UGI, and Veolia.
    Sidetrade is a participant of the United Nations Global Compact, adhering to its principles-based approach to responsible business.

    For further information, visit us at http://www.sidetrade.com and follow @Aimie on LinkedIn.

    In the event of any discrepancy between the French and English versions of this press release, only the French version is to be taken into account.

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  • MIL-OSI: JLT Mobile Computers appoints Tejal Ranjan to drive the company’s US partner marketing strategy and accelerate growth

    Source: GlobeNewswire (MIL-OSI)

    Tejal Ranjan joins JLT as Vice President of Marketing – North America

    Växjö, Sweden, October 15, 2024 * * * JLT Mobile Computers, a leading supplier of rugged computing solutions, is pleased to announce the appointment of Tejal Ranjan as Vice President of Marketing – North America. With extensive experience in supply chain, partner marketing, customer success, and demand generation, Tejal will lead the transformation and acceleration of JLT’s US partner strategy. Further, she will play a pivotal role in the global team, creating a unified go-to-market strategy that establishes a consistent foundation across all geographies while addressing the unique challenges and demands of each region. This strategic move is designed to position JLT for significant growth in the Vehicle-Mounted Computers and Rugged Computer markets, capitalizing on the substantial opportunities the industry offers.

    Further developing their partner-based go-to-market strategy is critical for JLT’s continued expansion in the rugged computing space. By leveraging the expertise and reach of partners, JLT will scale its operations more effectively, gain wider market coverage, and create a robust ecosystem capable of meeting the rising demand for rugged computing solutions.

    “We are thrilled to have Tejal join JLT,” said Per Holmberg, CEO of JLT Mobile Computers. “Our partner-based market approach is key in acquiring new customers and unlocking future growth. This strategy will not only enhance our presence in our target markets, but also build shareholder value as we strengthen our position globally. And Tejal’s experience in partner marketing, and demand generation, along with deep understanding of the supply chain industry will be instrumental in driving growth and expanding our partner ecosystem in the US, as well as globally.”

    The demand for rugged computing devices continues to grow as they enhance operational efficiency in key sectors like warehousing and logistics. By working closely with JLT, partners deliver comprehensive, cost-effective solutions that drive productivity, reliability, and value for end-users across industries like logistics, manufacturing, and warehousing. JLT’s renewed partner program will empower partners to capture a significant share of this expanding market.

    “I’m excited to join JLT at this pivotal time,” said Tejal Ranjan. “By focusing on channel-led growth, there’s potential to deliver greater value, enabling our partners to achieve their goals while expanding JLT’s footprint in existing and new markets.” I look forward to contributing and applying my experience to build a more robust and engaged partner ecosystem in the US and Globally. By focusing on delivering value, we will not only drive stronger business outcomes but also help our partners unlock new growth opportunities.”

    With a renewed focus on channel strategy, JLT is well-positioned for future growth, benefiting both partners and investors alike. For more information about JLT Mobile Computers, its products and solutions, please visit jltmobile.com.

    About JLT Mobile Computers

    Reliable performance, less hassle. JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for demanding environments. Almost 30 years of development and manufacturing experience have enabled us to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

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  • MIL-OSI USA: SCHUMER ANNOUNCES NEW $750 MILLION PRELIMINARY INVESTMENT FOR WOLFSPEED FROM HIS CHIPS & SCIENCE LAW; SENATOR SAYS NEW $$$ WILL HELP ACCELERATE ONGOING MOHAWK VALLEY EXPANSION & SUPPORT HUNDREDS OF…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Includes $750M Agreement For Funding From Schumer’s CHIPS Act & $750M Private Investment, Boosting Wolfspeed’s Ongoing Expansion In Upstate NY And Building A New North Carolina Facility Which Sends Wafers To Oneida County’s Marcy Nanocenter To Be Finished, Providing Long Term Work For Mohawk Valley

    Wolfspeed Says It Also Plans To Tap Up To Nearly $1 Billion From The CHIPS ITC That Schumer Created To Help Fund Completion Of Mohawk Valley Plant

    Schumer: My CHIPS & Science Law Is Bringing Wolfspeed To Front Of The Pack & Helping Mohawk Valley Lead America’s Semiconductor Renaissance

    U.S. Senate Majority Leader Chuck Schumer today announced Wolfspeed has reached a $750 million preliminary memorandum of terms (PMT) funding agreement under the CHIPS & Science Law he led in writing and passing into law, helping them unlock an additional $750 million in private investment. Wolfspeed also said it plans to tap nearly $1 billion from the CHIPS Investment Tax Credit that Schumer helped create to fund much of the state-of-the-art equipment being installed to complete the expansion their Silicon Carbide Fabrication Facility at Marcy Nanocenter in Oneida County.

    Wolfspeed said this massive collective investment will help accelerate their ongoing expansion in the Mohawk Valley and boosting good-paying jobs expected to be created at the Marcy facility. This CHIPS investment will also support Wolfspeed’s new North Carolina Siler City facility which is integral to the Mohawk Valley’s future as it will send wafers to be finished in NY, creating long term work and future growth opportunities for the Marcy operation.

    “Wolfspeed is leading the pack in bringing semiconductor manufacturing back to America. This major multibillion investment powered by my CHIPS & Science Law will accelerate the ongoing expansion in the Mohawk Valley, helping boost hundreds of good paying jobs and providing long term work for the Marcy fab to succeed well into the future,” said Senator Schumer. “From electric vehicles to artificial intelligence, so much critical technology relies on the silicon carbide chips that Wolfspeed will manufacture and perfect in the Mohawk Valley. Today’s massive investment will make America’s economy and our national security stronger as Wolfspeed helps us write the next chapter of America’s resurgence as the leader in the semiconductor industry, with the Mohawk Valley as the beating heart.”

    Schumer explained that Wolfspeed’s Mohawk Valley Fab is the largest and one of the only 200mm Silicon Carbide fabrication facilities in the world. Wolfspeed officially opened their new fab in 2022 and is actively expanding with approximately $790 million in additional capital planned investment in the Mohawk Valley which will help support new good paying manufacturing and construction jobs to the region. The proposed CHIPS investment would also support the construction of Wolfspeed’s silicon carbide wafer manufacturing facility in North Carolina. Nearly all of the wafers from Wolfspeed’s new facility in Siler City, NC are needed and sent to the Mohawk Valley Fab to be finished and this investment is essential to ramp up chip production in New York. The proposed CHIPS funding will support the Mohawk Valley fab to increase its production capacity by approximately 30%.

    To achieve this increase in capacity in the Mohawk Valley, Wolfspeed will purchase and install additional tools & equipment in the Mohawk Valley, such as photolithography tools, ion implanters, metal deposition tools, etch systems, automation equipment and more that will be support by the Investment Tax Credit from the CHIPS & Science Law.

    The proposed $750 million in CHIPS funding will also help catalyze private capital investment of at least $750 million to support the company’s expansion plans. This injection of private capital would not have occurred were it not for the CHIPS and Science Act. Wolfspeed is the world’s leading manufacturer of wafers and devices made from silicon carbide, a compound which has favorable chemical and material properties compared to traditional silicon, enabling Wolfspeed’s semiconductors to be highly energy-efficient and durable. The silicon carbide devices manufactured by Wolfspeed power electric vehicles (EVs) and plug-in hybrids, enabling extended driving range-per-charge, faster charging times, and lower overall systems costs, they also are vital for artificial intelligence and in military applications critical for national security.

    Oneida County Executive Anthony J. Picente Jr. said, “We thank Senator Schumer for securing $750 million in funding for Wolfspeed from his historic CHIPS & Science Law. This transformative investment will accelerate hundreds of good-paying jobs in Oneida County and further elevate our region as a leader in semiconductor production. As Wolfspeed enhances its capabilities, we look forward to the opportunities this brings for our workforce and our future in the Mohawk Valley.”

    Acting President of Mohawk Valley EDGE Shawna Papale said, “On behalf of Mohawk Valley EDGE, we commend the Department of Commerce for reaching a preliminary agreement with Wolfspeed to leverage more than $2.5 billion of investment including over $750 million in CHIPS Act grant funding. The growth of the Mohawk Valley Fab is hinged on the ability of Siler City to produce 200mm silicon carbide wafers to supply Wolfspeed’s Mohawk Valley Fab. Thanks to Senate Majority Leader Schumer, this CHIPs announcement accelerates hiring towards Wolfspeed’s job target of over 600 employees and increases production capacity at the Marcy Nanocenter. This was a true collaboration across local, county, State, and Federal officials along with the leadership of Wolfspeed to make the dream of recreating American made manufacturing a reality right here in Oneida County.”

    Last week, Schumer announced Edwards Vacuum reached a $18 million CHIPS PMT to build its new $300+ million dry pump manufacturing facility for the semiconductor industry, the first of its kind for America, in Western NY. Earlier this year, Schumer also announced that Micron, which plans to invest $100 billion over the next two decades – the largest private investment in New York’ s history – reached a $6.1 billion CHIPS PMT funding agreement. In addition, GlobalFoundries in the Capital Region also reached an agreement for $1.5 billion in direct grant funding under his CHIPS & Science Law to support a $12.5 billion public-private investment over the next ten plus years to expand and construct a second, new state-of-the-art computer chip factory in Malta, NY. 

    Schumer added, “The CHIPS & Science Law keeps helping grow the booming semiconductor industry in Upstate NY. We are seeing more targeted federal investment than ever before to bring back manufacturing, and awards like this show how the I-90 corridor from Buffalo to Syracuse to Utica to Albany truly is becoming America’s semiconductor superhighway.”

    Schumer has long worked to position the Mohawk Valley for semiconductor investment. In addition to his efforts on further recruiting chip suppliers to Marcy Nanocenter, Schumer secured $2 million in U.S. DOL funding for the Workforce Development Board of Herkimer, Madison and Oneida Counties and Mohawk Valley Community College (MVCC) to boost technical training to support the expansion and attraction of the semiconductor industry. Schumer also secured $2 million for MVCC to create a new state-of-the-art semiconductor and advanced manufacturing training center.

    Schumer is also actively working with Mohawk Valley EDGE to help lure additional semiconductor and supply chain companies to Marcy Nanocenter which will get a further boost from Wolfspeed and Micron’s expansions in the region.

    Schumer said, “Marcy Nanocenter is one of the most shovel-ready sites in the whole country and with this investment helping to strengthen Wolfspeed and with Micron rapidly establishing itself in the broader region, I am going all out to land more companies to make the Mohawk Valley a central component of bringing semiconductor manufacturing back to America.”

    Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Micron has announced plans for a historic $100+ billion investment to build a cutting-edge memory fab in Central New York. GlobalFoundries plans to invest over $12 billion to expand and construct a second, new state-of-the-art computer chip factory in the Capital Region. TTM Technologies, a printed circuit board manufacturer, plans to invest up to $130 million to expand their facilities in Onondaga County, creating up to 400 good-paying jobs. Menlo Micro will invest $150 million to build their microchip switch manufacturing facility in Tompkins County, creating over 100 new good-paying jobs. In addition, Upstate New York is home to semiconductor supply chain companies like Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants. Edwards Vacuum is also moving forward with a $300+ million investment to build a dry pump manufacturing facility in Western New York, creating 600 good-paying jobs to support the growing chip industry in Upstate New York and across the nation.

    The PMT outlines key terms for Wolfspeed’s CHIPS agreement. To finalize the federal CHIPS agreement, the Commerce Department will now begin a comprehensive due diligence process on the proposed project and other information contained in the application. After satisfactory completion of the due diligence phase, the Commerce Department will finalize the PMT.

    MIL OSI USA News –