NewzIntel.com

Category: Machine Learning

  • MIL-OSI Economics: Advancements in robotics continue to transform oil and gas operations, says GlobalData

    Source: GlobalData

    Advancements in robotics continue to transform oil and gas operations, says GlobalData

    Posted in Oil & Gas

    With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data and analytics company,

    GlobalData’s thematic report, “Robotics in Oil and Gas,” provides an overview of robotics technology and its applications in the oil and gas industry. It also highlights the role of major oil and gas companies, such as ADNOC, BP, Eni, Equinor, ExxonMobil, Repsol, Rosneft, Shell, and TotalEnergies in the development and adoption of robotics to enhance safety and productivity on the field.

    Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: “Robots are proving invaluable to execute complex tasks at production facilities, thereby protecting workers from hazardous environments and reducing the likelihood of costly shutdowns. As a result, companies such as Equinor, TotalEnergies, and Shell are deploying them to work alongside humans on offshore sites. For instance, robotic automation can manage remote operations, such as those conducted on Equinor’s Oseberg H platform in the North Sea. Their ability to perform repetitive and mundane tasks with minimal errors is saving time and internal resources for companies. Furthermore, it allows them to deploy field technicians on more critical issues.”

    Oil and gas operations are labor-intensive and involve numerous repetitive tasks, many of which occur in hazardous environments and face various obstacles. Robotics presents an excellent solution to many challenges within the industry, as they can handle more strenuous tasks and complex procedures more effectively than humans.

    Puranik continues: “Robots provide greater reliability and efficiency in completing assigned tasks while also enhancing operational safety. The integration of terrestrial, aerial, and underwater robots is already playing a crucial role in several high-stakes oil and gas projects throughout the value chain. French oil major TotalEnergies, in collaboration with Oceaneering, recently conducted a pilot inspection of subsea pipelines in the North Sea using autonomous underwater vehicles (AUVs).”

    Robots can access hard-to-reach areas, carry out tasks beyond human capabilities, and operate continuously without needing breaks. Hence, they are being utilized as effective solutions for conducting inspections in difficult or hazardous environments, thereby avoiding preventing human exposure to such sites. Recently, cleaning of storage tanks is emerging as another prominent use case for robotics with companies, such as Saudi Aramco, Woodside, SK Innovation, and Indian Oil Corp, exploring the potential of robotic crawlers in this application.

    Puranik concludes: “Advancements in technology have equipped robots to effectively replace field personnel on oil rigs. Additionally, there is an increase in collaboration between oil and gas companies and technology vendors, enabling the diversification of robotic use cases with the integration of AI, IoT, cloud, and edge computing. These developments are anticipated to drive future growth in robotics within the oil and gas sector, reducing risks to human workers who operate alongside heavy machinery in often remote and challenging environments.”

    MIL OSI Economics –

  • MIL-OSI: Bullish Sentiments High on Gold Trends as Mining Operations Continue to Ramp Up

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – In an recent article published by Skilliing.com regarding current Gold trends: “From ancient civilizations to modern-day investors, gold has consistently been sought after for its perceived stability and hedge against inflation and economic uncertainty. This enduring appeal has led to significant price movements over the years, with gold prices often mirroring broader economic trends. Understanding these dynamics is crucial for predicting future gold price movements and making informed investment decisions. According to experts, the gold price in October 2024 is expected to be influenced by several key factors. The ongoing geopolitical tensions, particularly in the Middle East, are likely to keep gold prices elevated. Additionally, the anticipation of US rate cuts in the third and fourth quarters of 2024 could further boost gold prices. With the current record already at $2,431.85, the next milestone to watch is $2,500 per ounce. The bullish setup of gold’s chart and its leading indicators suggest that gold could move close to the $2,550 area in 2024. This prediction is supported by the recent rally in gold prices, which has already surpassed many predictions for the year. The combination of geopolitical concerns and the potential for rate cuts makes a further rally in gold prices plausible.” Active mining companies in the markets this week include RUA GOLD Inc. (OTCQB: NZAUF) (TSX-V: RUA), Mawson Gold Limited (OTCPK: MWSNF), Founders Metals Inc. (OTCQX: FDMIF), SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM).

    Skilliing.com added: “In the context of broader economic trends, the gold price prediction for October 2024 is also influenced by the strength of the dollar and the overall economic landscape. As interest rates start to fall, gold prices could hit fresh records. The average price target for gold in the final quarter of 2024 is around $2,175 per ounce, according to JPMorgan Chase & Co. This suggests a continued upward trajectory for gold prices in the latter half of 2024. 2025 Outlook: The outlook for 2025 is more uncertain. Some experts expect gold prices to stabilize around $2,350 per ounce in early 2025, with a potential decline to $2,175 later in the year, depending on the pace of U.S. central bank rate cuts. HSBC predicts a 12% drop in gold prices in 2025 due to rising real interest rates, while other analysts remain bullish, suggesting prices could exceed $3,000. 2030 Outlook: By 2030, some forecasts suggest gold could reach $7,000 per ounce, driven by low real interest rates, rising inflation, and demographic shifts that fuel demand for gold as a secure asset. Central bank demand will likely play a key role in supporting long-term growth.”

    RUA GOLD’s (TSXV:RUA) (OTCQB:NZAUF) Drill Program Intersects Near Surface Gold at The Reefton Project – RUA GOLD Inc. (WKN: A4010V) (“RUA GOLD” or the “Company”) is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.    The Company commenced its near mine drill program on the Murray Creek targets in July. A second drill rig was introduced in September to test the Capleston vein system. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.

    Robert Eckford, CEO of RUA GOLD commented: “Our five years of meticulous surface exploration work over the Reefton project is paying dividends from the outset of this drill program. Both of the initial drill holes have confirmed we are in right area and are locating these lodes. The near surface intercepts on Capleston are encouraging and makes for compelling economic ounces, it supports our thesis that the surface veins are continuous past the old workings. Despite the initial drill hole at Murray Creek hitting old workings, it is extremely encouraging that we have identified the dip angle of the Victoria lode and we have even more confidence with the subsequent hole that is underway now, and results from this will be ready in the next few weeks.”

    Capleston – On the second drill rig, which was introduced to test the Capleston vein system, the Company targeted an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project, the highest-grade producer of the Reefton Goldfield historically. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages.

    The first diamond drill hole, DD_REF_043, intersected a 12m zone of quartz-pyrite-arsenopyrite in the hanging wall, with a 1m quartz vein from 31m to 32m @ 3.86 g.t Au.   A legacy drill hole intercepted the southern lode at 33m downhole, with 1m @ 24g/t Au followed by 1m @ 2.5g/t Au1. Mapping has recorded historical waste samples up to 32.0g/t Au in the vicinity, and a strong soil anomaly enveloping the vein (up to 410ppb Au).

    Murray Creek – RUA GOLD reports the completion of the first hole testing the down-dip extension of the Victoria lode, DD_VIC_041, which is being evaluated by the team. This intersected the targeted reef at 344m down hole and encountered historical underground workings over a 4m length. It then exited out to the footwall before drilling on for an additional 20m.

    This confirms that the lode extension is accurate and, with the precise location confirmed, a second hole is underway that is 50m deeper down dip from the initial drill hole. The Company anticipates an intersection into an un-mined portion of the reef at around 350m. Results from this testing will be available in the coming weeks.    CONTINUED… Read this full press release and more news for RUA GOLD at:   https://www.financialnewsmedia.com/news-rua/

    Other recent developments in the mining industry of note include:

    Mawson Gold Limited (OTCPK: MWSNF) recently announced that further to its news releases dated June 10, 2024 and July 30, 2024, Mawson has entered into an arrangement agreement (the “Arrangement Agreement”) with SUA Holdings Ltd. (“SUA”), a newly formed wholly-owned subsidiary of Mawson, pursuant to which the Company proposes to spin-out its uranium assets in Sweden (the “Uranium Assets”) to SUA in consideration for common shares of SUA (“SUA Common Shares”) and distribute 100% of the SUA Common Shares it then holds to the Mawson shareholders on a pro rata basis. As a result, following completion of the Arrangement, the Mawson shareholders (other than any dissenting shareholders) will also become shareholders of SUA and SUA will no longer be a subsidiary of Mawson.

    In connection with the Arrangement, Mawson has subscribed for additional SUA Common Shares for aggregate consideration of $600,000 to provide working capital to SUA. Such additional SUA Common Shares will also be distributed to the Mawson shareholders under the Arrangement.

    Founders Metals Inc. (OTCQX: FDMIF) recently announced that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp (“B2Gold”) for a C$12.1 million investment (the “Strategic Investment”) at a price of C$2.75 per common share (each, a “Share”). Together with the previously announced bought deal private placement of C$20M (the “Brokered Offering”), the Company will raise a total of C$32.1 million, fully funding the planned 2025 budget. Upon completion of the Strategic Investment and the Brokered Offering, B2Gold will own 5.0% of the Company’s issued and outstanding common shares on a non-diluted basis.

    Colin Padget, Founders’ President & CEO commented, “We are very pleased with B2Gold’s investment in Founders along with the support and validation it brings to our Antino Gold Project. We look forward to drawing on B2Gold’s experience in exploring for, and developing, world-class mining assets in similar geological environments. This broader financing package leaves Founders well positioned to ramp up exploration at Antino, fully funding our planned 2025 exploration budget and the near-term addition of a fourth diamond drill.”

    SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD) recently announced additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon Territory alongside updates on its regional activities. Holes V-24-081 and V-24-084 returned strong, consistent gold grades from near-surface along the southwestern edge of the Valley deposit, outperforming the model used for the Company’s initial mineral resource estimate (MRE) earlier this year. In addition, Snowline has completed the first phase of a reclamation program at the Plata mining camp near the Rogue Project, organizing and inventorying debris and abandoned equipment from historical mining activities in the region for future demobilisation. The Company awaits analytical results from the majority of its 2024 exploration campaign, including >24,600 m of drilling in 44 holes across 5 different targets.

    “It is a testament to the consistency of mineralization at Valley that results like today’s have become almost commonplace,” said Scott Berdahl, CEO & Director of Snowline. “Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit.

    Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) recently announced that it has filed an updated technical report for the Detour Lake mine in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

    The technical report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company’s website (http://www.agnicoeagle.com).   Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at http://www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #pressrelease #tickertaggingpressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty nine hundred dollars for news coverage of the current press releases issued by RUA GOLD Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact
    email: editor@financialnewsmedia.com
    +1(561)325-8757 

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Crete Professionals Alliance uses Intapp to drive innovation and rapid growth in the highly regulated accounting market

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Crete Professionals Alliance (Crete PA) has implemented Intapp Conflicts to centralize the conflicts and independence process that protect Crete PA and its member firms alike.

    Keeping pace with industry change

    The accounting industry is undergoing a fundamental change, driven in part by an increase in private equity funding. This infusion of capital has driven two main responses: firms are either growing through acquisitions, or they are readying themselves for a potential acquisition.

    Crete PA has responded to these market forces by creating a growing network of accounting and professional services firms. Crete PA’s partnership model augments the power of individual firm brands and cultures, with the capabilities of a national platform, to grow revenues, create efficiencies, and access capital.

    “When forming Crete PA, it was important that we let firms preserve their individual brands and culture that makes them special — while still letting them tap into the opportunity to be part of a larger national organization,” said Jake Sloane, Co-Founder of Crete PA. “By centralizing back-office functions, including conflicts and independence, we’re creating efficiencies that enable growth while letting professionals focus on the accounting work they’re best at. Partnering with Intapp on conflicts is one of several ways our firms are adapting to fast-evolving technology and benefiting from AI.”

    This partnership approach has worked well for Crete PA. Since its founding in 2023, it has received funding from Thrive Capital and Bessemer Venture Partners to focus on technology evolution. It also became one of the fastest growing networks of accounting and professional services firms in the U.S. In its first year, Crete PA partnered with more than 10 firms with multi-decade track records of excellent client service.

    “Crete PA is taking a real leadership position in today’s quickly evolving accounting market,” said Kareem Zaki, Partner at Thrive Capital. “Centralizing and tech-enabling back-office functions for its network of accounting firms — through its partnership with Intapp — is spurring operational infrastructure advancement and supporting continued growth for member firms, while maintaining who they are at the core.”

    Addressing conflicts clearance

    “In our partnership model, conflicts and independence clearance can be complex and a new challenge for firms that must consider services being performed across the other Crete PA member firms,” said Brad Knudsen, Director of Compliance at Crete PA. “Using Intapp, we’ve created a centralized way to check conflicts and independence, ensuring compliance with professional standards and increasing trust in our growth and operating strategy.”

    Knudsen added: “We were able to implement Intapp through our centralized technology stack, which means that we do not have to implement the technology every time we partner with a new firm. This can be a big relief for firms that want to minimize unnecessary software implementations.”

    Intapp compliance solutions help professionals quickly yet thoroughly evaluate new business, onboard clients, and monitor relationships for compliance throughout the client lifecycle. Crete PA is using Intapp Conflicts to implement a centralized, AI-driven approach to help ensure all potential conflicts and independence impairments are addressed quickly and confidently.

    All member firm data now flows into a consolidated data warehouse where Intapp Conflicts uses Applied AI and predictive risk-scoring capabilities to search for and analyze potential conflicts. The software helps automate these functions, enabling Crete PA’s compliance team to focus on results containing high-risk issues and requiring responsive remediations.

    “Intapp Conflicts is not just helping us bolster our overall compliance posture, it’s bringing an element of innovation to a traditionally slow and painful function,” said Leslie Adler, General Counsel at Crete PA. “Oftentimes, firms rely on spreadsheets, manual processes, and lengthy completion timelines to clear a prospect and get an engagement letter out. Our approach, using a best-in-class AI-powered solution, will unburden staff and improve the firm’s overall risk management profile.”

    Multiplying success with Intapp

    “Crete PA is leading the way amid dynamic industry changes, and we’re thrilled they’ve chosen us to support them,” said Tom Koehler, Global Managing Principal of Accounting and Consulting Industries at Intapp. “Intapp Conflicts is not only centralizing the information and processes that protect Crete PA and its member firms, but also introducing advanced automation to facilitate seamless compliance across dispersed office locations and teams. This innovative approach enhances operational independence and mitigates regulatory risk during a period of exponential growth, setting a new standard for efficiency and governance in the profession.”

    On the heels of its successful Intapp Conflicts implementation, Crete PA is implementing Intapp Intake to further automate and ease its new client acceptance, onboarding, and continuance processes.  

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn. 

    ABOUT CRETE PROFESSIONALS ALLIANCE
    The accounting industry is fundamentally changing, partially driven by the uptick in Mergers & Acquisitions (M&A) activities in the past several years. Crete Professionals Alliance (“Crete PA”) established itself in 2023 to create an alternative to the traditional exit options for accounting and professional services firm owners. Crete PA partners with firms across the country to complement their existing strengths and support their future growth. Its structure supports local leadership, local brands, and local cultures while providing access to its national back-office resources and financial backing. Crete PA makes investments in the non-attest businesses of accounting firms, all of which adopt an alternative practice structure.

    Contact:
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network –

  • MIL-OSI: Arcis Capital Partners LLC Renamed As Quartus Capital Partners LLC With Renewed Focus on AI and Technology Investments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Quartus Capital Partners LLC, formerly known as Arcis Capital Partners LLC, is unveiling a bold new identity as part of its evolution into an Artificial Intelligence (AI) and technology investment firm.

    The rebranding as Quartus Capital Partners signifies a renewed focus on AI and technology investments—sectors that are not only burgeoning with innovation but also offer significant opportunities for growth and impact.

    “With the rebranding to Quartus Capital Partners, we harness our historical strengths and channel them into new opportunities, allowing us to remain at the leading edge of AI and technology investments,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. This new identity is a testament to our enduring commitment to lead and shape the markets of tomorrow by driving innovation and excellence in AI and technology ventures.

    Leading with Expertise: The Quartus Edge

    Quartus Capital Partners’ leadership team boasts over 30 years of expertise in AI and technology, offering unique insights into high-growth potential sectors. As a firm, we don’t just invest—we partner with companies, leveraging our deep expertise in growth and performance improvement to unlock their true potential.

    Venture Growth Equity Strategy with a Performance Edge

    Our strategy goes beyond typical venture investments. Quartus Capital Partners specializes in growth-stage ventures, combining the high-upside potential of venture capital with the downside risk protections usually seen in buyouts. With our deep expertise in growth and performance improvement, we help turn growth-stage ventures into market leaders poised for long-term success.

    Transforming Industries, Shaping the Future
    “At Quartus, we believe in the power of AI and technology to not only drive financial returns but to create lasting, positive change,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. “We’re investing in the future, in companies that are not just part of the AI revolution, but are leading it.”

    About Quartus Capital Partners
    Quartus Capital Partners is an AI and technology investment firm with partner presence in New York City, Miami, Silicon Valley and Asia. Led by AI pioneers, technologists, and seasoned operators, we specialize in scaling growth-stage technology ventures. Our mission is to create market leaders that will define the future, improve performance across industries and make positive impact.

    Media Contact

    info@quartuscap.com

    The MIL Network –

  • MIL-OSI United Kingdom: Speech: PM International Investment Summit Speech: 14 October 2024

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Prime Minister Keir Starmer delivered a speech at the International Investment Summit 2024.

    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    And thanks to all you for being here…

    It’s fantastic to stand here and look out and see so many of you here…

    And I’m really grateful that you have made the effort, and you are here. It means a huge amount to me and my government…

    And welcome to this Government’s first International Investment summit.

    And some of you I know have come a very long way to be here…

    You have flown in from a great distance, some of you will be going straight back out again afterwards.

    You have made a huge effort to share with us the precious gift of your time…

    And we are really, really grateful for that.

    And welcome to the Guild Hall…

    London’s ancient Town Hall…

    Isn’t it a fantastic building, it’s really breathtaking this Guild Hall.

    Not of course to be confused with the nearby Guildhall school of music…

    Where I once pursued a fleeting ambition to play the flute professionally. I kid you not…

    Complete with then long hair and very, very flared jeans. 

    All photographic evidence has been destroyed.

    But today we are pursuing a different ambition…

    A shared ambition…

    Growth.

    You have to grow your business.

    And I have to grow my country.

    I’ll leave it to you to decide if you think voters or shareholders are the more forgiving audience…

    But without growth – let’s just agree it’s a difficult conversation…

    And that therefore, growth is a cause that binds us together.

    The shared endeavour of prosperity.

    It’s why we’ve made it the number one test of this government…

    I am determined to do everything in my power to galvanise growth…

    Determined for this country to be the highest growing economy in the G7…

    That is our most important national mission.

    Because it’s the only way to deliver the mandate for change that we won.

    Growth is higher wages.

    Growth is more vibrant high streets.

    Growth is public services back on their feet.

    It’s less poverty, more opportunity, more meals out, more holidays, more precious moments with your family, more cash in your pocket.

    And of course, for any business…

    It means a bigger market.

    Higher demand…

    A more secure and prosperous future…

    Your effort and enterprise – rewarded in profit.

    But it’s much more important, even than all that. 

    We live in an age when political fires rage across the world.

    Conflict. Insecurity. A populist mood that rails against the open values so many of us hold dear.

    Values which, as you know…

    Are so crucial for making business easy to do.

    And yet – at the same time…

    Look around the world…

    Look at the investments you and others are making.

    This is an age of great possibility, as well. 

    Huge revolutions in digital technology, clean energy, medicine, life sciences…

    Each – with the potential to fundamentally change the way we live and the way that we work…

    Each – with the possibility to transform the lives of working people for the better.

    And so, in times like this…

    Economic growth is vital – as it always has been…

    If we are to steer our way through a great period of insecurity and change…

    And on to calmer waters. 

    Because when working people benefit from that growth…

    When every community enjoys the fruits of wealth creation…

    It stops a country turning in on itself and against the world.

    And that in turn, helps provides a stable foundation…

    Breathing space… 

    For a country to take advantage of those opportunities for a better future.

    To put it more simply…

    It’s not just that stability leads to growth – though we all recognise that. 

    It’s also that growth leads to stability…

    Growth leads to country that is better equipped to come together…

    And get its future back.

    That’s why it’s always been so critical to my political project.

    The key ingredient of that ‘Great Moderation’ we became accustomed to before the financial crash…

    But which together, in partnership…

    We now have to earn again. 

    Every one of you here today…

    Has been invited for that reason.

    It’s not just that you lead some of the most important businesses in the world.

    It’s also because you are pivotal to this great cause of our times. 

    And the reason we are focusing so much on investment…

    Is because the mission of growth, in this country in particular…

    Demands it.

    Private sector investment is the way we rebuild our country…

    And pay our way in the world.

    And make no mistake – this is a great moment to back Britain…

    This is great moment to back England, Scotland, Northern Ireland and Wales. 

    We have an amazing education system that produces some of the best talent in the world.

    The largest tech sector in Europe.

    Leading positions in some of those great industries of the future…

    Artificial Intelligence, Life Sciences, Clean energy, the creative industries.

    We’re a country where businesses thrive – small and large alike…

    With clear regulatory frameworks and protections…

    A legal system that sets high standards around the globe…

    A location which means we can speak to our colleagues in the Americas or Asia in the same day…

    A high ranking in the Global Innovation index, every year…

    Our wonderful global language…

    Our world-renowned sport and culture… 

    This great modern city…

    And all around us…

    A heritage steeped in commerce and trade…

    A set of shared values – centuries-long…

    For being a country that is open for business.

    You can’t put a price on any of this.

    Now we have our problems – of course we do.

    As I’ve said – our public services need urgent care… 

    And our public finances need the tough love of prudence…

    Challenges we cannot ignore. 

    Because, we know – just as every leader here knows…

    That those early weeks and months are precious.

    And, no matter how many people advise you to ignore it…

    That you must run towards the fire to put it out…

    Not let it spread further.

    So we will fix our public services…

    We will stabilise our economy… 

    And we will do it quickly.

    Because we don’t want any of those problems associated with our inheritance…

    Misting up the shop window of Britain…

    Distracting you – from all those assets I just listed.

    Assets that may feel more intangible…

    But are more valuable…

    More enduring…

    Deeper in the bones of this nation.

    And which are ready to be unlocked…

    If we take firm and decisive action on policy – which we can and we will…

    To give you total confidence that this is the moment to back Britain.  

    So let me quickly run through four crucial areas in our pitch for Britain.

    I know – it’s a kind of CEO heresy to have a list of four not three…

    So I apologise!

    But please indulge me.

    First – stability.

    We have a golden opportunity to use our mandate…

    To end the culture of chop and change…

    The policy churn…

    The sticking plaster politics…

    That makes it so hard for investors to assess the value of any proposition.

    Now, you may think – well every government says that…

    But the stability that comes with a large majority in our system…

    That is a unique advantage.

    And we have the determination…

    The focus on clear long-term ends…

    A mission-led mindset that thinks in years…

    Not the days or hours of the news grid…

    Needed to unlock that potential. 

    And don’t doubt that.

    Second – strategy.

    We are building a more strategic architecture for growth. 

    A way for investors to have a much steadier hand on the tiller.

    That’s why we’ve announced a new National Wealth Fund…

    And switched on Great British Energy…

    Which will accelerate investment in clean power and future technologies.

    Like Carbon Capture and Storage, for example…

    Which we just backed – alongside BP, Equinor and Eni

    And which shows the hard-headed approach we will bring to industrial policy.

    A partnership – sharing the risk with the private sector…

    Ambitious – absolutely. 

    But also unsentimental.

    Guided by the market…

    Focused, at all times…

    On the real potential for comparative advantage in this country.

    You know – this is the point I would always make about our Modern Industrial Strategy. 

    In this country, there has been a long rather arcane political debate about “picking winners”.

    Well, we’re not in the business of individual picking winners.

    But we are in the business of building on our strengths.

    Mowing the grass on the pitch…

    Making sure the changing rooms are clean and comfortable…

    That the training ground is good.

    So that when our businesses compete…

    They are match fit…

    That, to put it simply…

    We give the businesses of this country the best conditions to succeed.

    I don’t know why that’s sometimes controversial in this country…

    Industrial policy seems fairly commonplace elsewhere around the world.

    But it is fundamental to the way we see our job on growth…

    And our relationship with a room like this.

    Third – Britain’s global standing.

    We’re determined to improve it.

    Determined – to repair…

    Britain’s brand as an open, outward-looking, confident, trading nation.

    Look – I see this as a diplomatic necessity…

    And I think it’s clear how much priority I have given it in the first 100 days of government.

    All around the world…

    Whether it’s countries, or investors…

    People want to know that Britain can be a stable, trusted, rule-abiding partner.

    As we always have been…

    But that somehow, during the whole circus that followed Brexit… 

    The last Government made a few people less sure about. 

    Needlessly insulting our closest allies…

    And of course a few choice Anglo-Saxon phrases for business. 

    Well – no more.

    We have turned the page on that – decisively…

    And we will use that reset for growth. 

    Finally fourth – regulation

    Now, I don’t see regulation as good or bad.

    That seems simplistic to me.

    Some regulation is life-saving…

    We have seen that in recent weeks here, with the report on the tragedy of Grenfell Tower.

    But across our public sector…

    I would say the previous Government hid behind regulators.

    Deferred decisions to them because it was either too weak or indecisive…

    Or simply not committed enough to growth. 

    Planning is a very real example of that…

    Or – for our friends from across the pond…

    ‘Permitting’ is a really clear example of that… 

    The global language…

    But anyway – the key test for me on regulation…

    Is of course – growth. 

    Is this going to make our economy more dynamic?

    Is this going to inhibit or unlock investment?

    Is it something that enables the builders not the blockers?

    Now – I know some people may be wondering about our labour market policies introduced last week.

    Let me be clear – they are pro-growth.

    Workers with more security at work…

    With higher wages…

    That is a better growth model for this country.

    It will lead to more dynamism in our labour market.

    And seriously – we have to think differently about this…

    A nation’s position in the world is changing all the time…

    As must its growth model. 

    So while I know this is a room full of businesses who take investing in their human capital seriously…

    When I look at the British economy as a whole…

    It does seem as if sometimes, we are more comfortable hiring people to work in low paid, insecure contracts…

    Than we are investing in the new technology that delivers for workers, for productivity and for our country.

    And so we’ve got to break out of that trap.

    But we’ve also got to look at regulation – across the piece. 

    And where it is needlessly holding back the investment we need to take our country forward…

    Where it is stopping us building the homes…

    The data centres, the warehouses, grid connectors, roads,  trainlines, you name it…

    Then mark my words – we will get rid of it.

    Take the East Anglia 2 wind farm.

    A £4 billion investment.

    One Gigawatt of clean energy.

    An important project – absolutely.

    But also the sort of thing a country as committed to clean energy as we are…

    Needs to replicate again and again.

    Now regulators demanded over four thousand planning documents for that project…

    Not 4000 pages – 4000 documents.

    And then six weeks after finally receiving planning consent…

    It was held up for a further two years by judicial review.

    I mean – as an investor…

    When you see this inertia…

    You just don’t bother do you?

    And that – in a nutshell…

    Is the biggest supply-side problem we have in our country.

    So it’s time to upgrade the regulatory regime…

    Make it fit for the modern age..

    Harness every opportunity available to Britain.

    We will rip out the bureaucracy that blocks investment…

    We will march through the institutions…

    And we will make sure that every regulator in this country…

    Especially our economic and competition regulators…

    Takes growth as seriously as this room does.

    And look – tell us about your frustrations on this. 

    Speak to my team…

    Speak to me, to Rachel, to Jonny, to Ed…

    And our new Minister for Investment, Poppy. 

    Any leader knows the importance of a good team – and we’ve got one here.

    We are united behind growth…

    Our door is open…

    And the work of change has already begun.

    We’re reforming the planning system…

    The onshore wind ban has gone… 

    New projects in solar, wind, tidal energy…

    Carbon Capture and Storage…

    Tax relief for the creative industries…

    Investment from the world’s leading companies…

    Blackstone, Amazon…

    A new partnership with Cyrus One to build data centres in Didcot…

    Finally grasping the nettle on airport expansion…

    A new £1 billion commitment from Manchester Airport Group to expand Stansted…

    Opening up new routes to work and holiday destinations…

    The first of tens of billions worth of inward investment deals we will sign today.

    Because we are determined to lead the way on growth. 

    Determined to get Britain building…

    Determined to get our economy moving…

    Through the shock and awe of investment.

    That’s the message to take home today.

    When the big decisions are made…

    When you go back to your board rooms and ask…

    Where does our money go…

    Where do our jobs go…

    Where does our investment in a better future go?

    Let me offer you a new answer…

    It’s time to back Britain.

    Thank you.

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: PM International Investment Summit Speech: 14 October 2024

    Source: United Kingdom – Government Statements

    Prime Minister Keir Starmer delivered a speech at the International Investment Summit 2024.

    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    And thanks to all you for being here…

    It’s fantastic to stand here and look out and see so many of you here…

    And I’m really grateful that you have made the effort, and you are here. It means a huge amount to me and my government…

    And welcome to this Government’s first International Investment summit.

    And some of you I know have come a very long way to be here…

    You have flown in from a great distance, some of you will be going straight back out again afterwards.

    You have made a huge effort to share with us the precious gift of your time…

    And we are really, really grateful for that.

    And welcome to the Guild Hall…

    London’s ancient Town Hall…

    Isn’t it a fantastic building, it’s really breathtaking this Guild Hall.

    Not of course to be confused with the nearby Guildhall school of music…

    Where I once pursued a fleeting ambition to play the flute professionally. I kid you not…

    Complete with then long hair and very, very flared jeans. 

    All photographic evidence has been destroyed.

    But today we are pursuing a different ambition…

    A shared ambition…

    Growth.

    You have to grow your business.

    And I have to grow my country.

    I’ll leave it to you to decide if you think voters or shareholders are the more forgiving audience…

    But without growth – let’s just agree it’s a difficult conversation…

    And that therefore, growth is a cause that binds us together.

    The shared endeavour of prosperity.

    It’s why we’ve made it the number one test of this government…

    I am determined to do everything in my power to galvanise growth…

    Determined for this country to be the highest growing economy in the G7…

    That is our most important national mission.

    Because it’s the only way to deliver the mandate for change that we won.

    Growth is higher wages.

    Growth is more vibrant high streets.

    Growth is public services back on their feet.

    It’s less poverty, more opportunity, more meals out, more holidays, more precious moments with your family, more cash in your pocket.

    And of course, for any business…

    It means a bigger market.

    Higher demand…

    A more secure and prosperous future…

    Your effort and enterprise – rewarded in profit.

    But it’s much more important, even than all that. 

    We live in an age when political fires rage across the world.

    Conflict. Insecurity. A populist mood that rails against the open values so many of us hold dear.

    Values which, as you know…

    Are so crucial for making business easy to do.

    And yet – at the same time…

    Look around the world…

    Look at the investments you and others are making.

    This is an age of great possibility, as well. 

    Huge revolutions in digital technology, clean energy, medicine, life sciences…

    Each – with the potential to fundamentally change the way we live and the way that we work…

    Each – with the possibility to transform the lives of working people for the better.

    And so, in times like this…

    Economic growth is vital – as it always has been…

    If we are to steer our way through a great period of insecurity and change…

    And on to calmer waters. 

    Because when working people benefit from that growth…

    When every community enjoys the fruits of wealth creation…

    It stops a country turning in on itself and against the world.

    And that in turn, helps provides a stable foundation…

    Breathing space… 

    For a country to take advantage of those opportunities for a better future.

    To put it more simply…

    It’s not just that stability leads to growth – though we all recognise that. 

    It’s also that growth leads to stability…

    Growth leads to country that is better equipped to come together…

    And get its future back.

    That’s why it’s always been so critical to my political project.

    The key ingredient of that ‘Great Moderation’ we became accustomed to before the financial crash…

    But which together, in partnership…

    We now have to earn again. 

    Every one of you here today…

    Has been invited for that reason.

    It’s not just that you lead some of the most important businesses in the world.

    It’s also because you are pivotal to this great cause of our times. 

    And the reason we are focusing so much on investment…

    Is because the mission of growth, in this country in particular…

    Demands it.

    Private sector investment is the way we rebuild our country…

    And pay our way in the world.

    And make no mistake – this is a great moment to back Britain…

    This is great moment to back England, Scotland, Northern Ireland and Wales. 

    We have an amazing education system that produces some of the best talent in the world.

    The largest tech sector in Europe.

    Leading positions in some of those great industries of the future…

    Artificial Intelligence, Life Sciences, Clean energy, the creative industries.

    We’re a country where businesses thrive – small and large alike…

    With clear regulatory frameworks and protections…

    A legal system that sets high standards around the globe…

    A location which means we can speak to our colleagues in the Americas or Asia in the same day…

    A high ranking in the Global Innovation index, every year…

    Our wonderful global language…

    Our world-renowned sport and culture… 

    This great modern city…

    And all around us…

    A heritage steeped in commerce and trade…

    A set of shared values – centuries-long…

    For being a country that is open for business.

    You can’t put a price on any of this.

    Now we have our problems – of course we do.

    As I’ve said – our public services need urgent care… 

    And our public finances need the tough love of prudence…

    Challenges we cannot ignore. 

    Because, we know – just as every leader here knows…

    That those early weeks and months are precious.

    And, no matter how many people advise you to ignore it…

    That you must run towards the fire to put it out…

    Not let it spread further.

    So we will fix our public services…

    We will stabilise our economy… 

    And we will do it quickly.

    Because we don’t want any of those problems associated with our inheritance…

    Misting up the shop window of Britain…

    Distracting you – from all those assets I just listed.

    Assets that may feel more intangible…

    But are more valuable…

    More enduring…

    Deeper in the bones of this nation.

    And which are ready to be unlocked…

    If we take firm and decisive action on policy – which we can and we will…

    To give you total confidence that this is the moment to back Britain.  

    So let me quickly run through four crucial areas in our pitch for Britain.

    I know – it’s a kind of CEO heresy to have a list of four not three…

    So I apologise!

    But please indulge me.

    First – stability.

    We have a golden opportunity to use our mandate…

    To end the culture of chop and change…

    The policy churn…

    The sticking plaster politics…

    That makes it so hard for investors to assess the value of any proposition.

    Now, you may think – well every government says that…

    But the stability that comes with a large majority in our system…

    That is a unique advantage.

    And we have the determination…

    The focus on clear long-term ends…

    A mission-led mindset that thinks in years…

    Not the days or hours of the news grid…

    Needed to unlock that potential. 

    And don’t doubt that.

    Second – strategy.

    We are building a more strategic architecture for growth. 

    A way for investors to have a much steadier hand on the tiller.

    That’s why we’ve announced a new National Wealth Fund…

    And switched on Great British Energy…

    Which will accelerate investment in clean power and future technologies.

    Like Carbon Capture and Storage, for example…

    Which we just backed – alongside BP, Equinor and Eni

    And which shows the hard-headed approach we will bring to industrial policy.

    A partnership – sharing the risk with the private sector…

    Ambitious – absolutely. 

    But also unsentimental.

    Guided by the market…

    Focused, at all times…

    On the real potential for comparative advantage in this country.

    You know – this is the point I would always make about our Modern Industrial Strategy. 

    In this country, there has been a long rather arcane political debate about “picking winners”.

    Well, we’re not in the business of individual picking winners.

    But we are in the business of building on our strengths.

    Mowing the grass on the pitch…

    Making sure the changing rooms are clean and comfortable…

    That the training ground is good.

    So that when our businesses compete…

    They are match fit…

    That, to put it simply…

    We give the businesses of this country the best conditions to succeed.

    I don’t know why that’s sometimes controversial in this country…

    Industrial policy seems fairly commonplace elsewhere around the world.

    But it is fundamental to the way we see our job on growth…

    And our relationship with a room like this.

    Third – Britain’s global standing.

    We’re determined to improve it.

    Determined – to repair…

    Britain’s brand as an open, outward-looking, confident, trading nation.

    Look – I see this as a diplomatic necessity…

    And I think it’s clear how much priority I have given it in the first 100 days of government.

    All around the world…

    Whether it’s countries, or investors…

    People want to know that Britain can be a stable, trusted, rule-abiding partner.

    As we always have been…

    But that somehow, during the whole circus that followed Brexit… 

    The last Government made a few people less sure about. 

    Needlessly insulting our closest allies…

    And of course a few choice Anglo-Saxon phrases for business. 

    Well – no more.

    We have turned the page on that – decisively…

    And we will use that reset for growth. 

    Finally fourth – regulation

    Now, I don’t see regulation as good or bad.

    That seems simplistic to me.

    Some regulation is life-saving…

    We have seen that in recent weeks here, with the report on the tragedy of Grenfell Tower.

    But across our public sector…

    I would say the previous Government hid behind regulators.

    Deferred decisions to them because it was either too weak or indecisive…

    Or simply not committed enough to growth. 

    Planning is a very real example of that…

    Or – for our friends from across the pond…

    ‘Permitting’ is a really clear example of that… 

    The global language…

    But anyway – the key test for me on regulation…

    Is of course – growth. 

    Is this going to make our economy more dynamic?

    Is this going to inhibit or unlock investment?

    Is it something that enables the builders not the blockers?

    Now – I know some people may be wondering about our labour market policies introduced last week.

    Let me be clear – they are pro-growth.

    Workers with more security at work…

    With higher wages…

    That is a better growth model for this country.

    It will lead to more dynamism in our labour market.

    And seriously – we have to think differently about this…

    A nation’s position in the world is changing all the time…

    As must its growth model. 

    So while I know this is a room full of businesses who take investing in their human capital seriously…

    When I look at the British economy as a whole…

    It does seem as if sometimes, we are more comfortable hiring people to work in low paid, insecure contracts…

    Than we are investing in the new technology that delivers for workers, for productivity and for our country.

    And so we’ve got to break out of that trap.

    But we’ve also got to look at regulation – across the piece. 

    And where it is needlessly holding back the investment we need to take our country forward…

    Where it is stopping us building the homes…

    The data centres, the warehouses, grid connectors, roads,  trainlines, you name it…

    Then mark my words – we will get rid of it.

    Take the East Anglia 2 wind farm.

    A £4 billion investment.

    One Gigawatt of clean energy.

    An important project – absolutely.

    But also the sort of thing a country as committed to clean energy as we are…

    Needs to replicate again and again.

    Now regulators demanded over four thousand planning documents for that project…

    Not 4000 pages – 4000 documents.

    And then six weeks after finally receiving planning consent…

    It was held up for a further two years by judicial review.

    I mean – as an investor…

    When you see this inertia…

    You just don’t bother do you?

    And that – in a nutshell…

    Is the biggest supply-side problem we have in our country.

    So it’s time to upgrade the regulatory regime…

    Make it fit for the modern age..

    Harness every opportunity available to Britain.

    We will rip out the bureaucracy that blocks investment…

    We will march through the institutions…

    And we will make sure that every regulator in this country…

    Especially our economic and competition regulators…

    Takes growth as seriously as this room does.

    And look – tell us about your frustrations on this. 

    Speak to my team…

    Speak to me, to Rachel, to Jonny, to Ed…

    And our new Minister for Investment, Poppy. 

    Any leader knows the importance of a good team – and we’ve got one here.

    We are united behind growth…

    Our door is open…

    And the work of change has already begun.

    We’re reforming the planning system…

    The onshore wind ban has gone… 

    New projects in solar, wind, tidal energy…

    Carbon Capture and Storage…

    Tax relief for the creative industries…

    Investment from the world’s leading companies…

    Blackstone, Amazon…

    A new partnership with Cyrus One to build data centres in Didcot…

    Finally grasping the nettle on airport expansion…

    A new £1 billion commitment from Manchester Airport Group to expand Stansted…

    Opening up new routes to work and holiday destinations…

    The first of tens of billions worth of inward investment deals we will sign today.

    Because we are determined to lead the way on growth. 

    Determined to get Britain building…

    Determined to get our economy moving…

    Through the shock and awe of investment.

    That’s the message to take home today.

    When the big decisions are made…

    When you go back to your board rooms and ask…

    Where does our money go…

    Where do our jobs go…

    Where does our investment in a better future go?

    Let me offer you a new answer…

    It’s time to back Britain.

    Thank you.

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Technology partnerships between the UK and Central and Eastern Europe: Science and Innovation Network impact story

    Source: United Kingdom – Executive Government & Departments

    Countries in Central and Eastern Europe offer a significant opportunity for science, innovation, and technology partnerships with the UK.

    The first outcome of the UK-Bulgaria meeting on semiconductors was the signing of a memorandum of understanding between TechWorks (UK) and BASEL (Bulgarian Association of Electrical Engineering and Electronics).

    Summary

    The 9 countries of Central and Eastern Europe (CEE) offer a significant opportunity for science, innovation, and technology partnerships with the UK. Together, the region’s combined GDP is over €2 trillion – an economy of emerging innovators leading a tech revolution (the region has increased its enterprise value since 2017 by 7.6 times).

    This is driven by each countries’ effort to combine their science and technology expertise and skilled workforces (Bulgaria, Hungary, Poland and Romania make up 4 of the 6 EU countries in the Top 25 countries of STEM (science, technology, engineering, and mathematics) excellence) together with traditional strengths in manufacturing, IT and science. 

    The priorities of the UK’s International Tech Strategy align with pockets of excellence across the region. Austria, for example, is the fourth largest producer of semi-conductors with expanding supply chains through Czechia and Bulgaria, Croatia’s unicorns drive 4% of the country’s GDP and Poland and Czechia’s retention of 90% of their startup enterprise value show the strength of the emerging ecosystems. A recent report estimated that AI would further boost the regional economic value by €100 billion. 

    UK Science and Innovation Network (SIN) teams in Central and Eastern Europe are working to communicate these opportunities to UK stakeholders and build connections. The appetite to work with the UK is high – during the previous Horizon Europe programme, the UK was among the top partners of choice for CEE researchers. 

    Following the UK’s reassociation to Horizon Europe and Copernicus, we are keen to maintain and strengthen those connections. Our events on tech, showcased below, all help to communicate and encourage collaboration while engaging on policy approaches that will be critical to the safe and secure emergence of critical tech. 

    Impact

    Semiconductors

    In January, SIN organised a high-level roundtable on semiconductors to connect Bulgarian and UK stakeholders looking to develop cooperation and exchange approaches on semi-conductors.   

    Semiconductors is a priority sector for the UK, in the context of the UK Semiconductors Strategy and Bulgaria is recognised as partner in this area under the UK-Bulgaria Strategic Partnerships Agreement. 

    Why Bulgaria?

    Bulgaria is rapidly developing opportunities in the sector, building on its ICT strengths (contributing over 7% of GDP, the highest level among CEE countries). This is a legacy of chip manufacturing (by the late 1970s, Bulgaria was one of the top 10 biggest electronics manufacturing countries in the world).

    In 1989, Bulgaria exported more computers than all other countries in CEE with 11% of workers employed in the production of computers and electronics. Today there are over 400 microelectronics, many supporting the growing demand for chips from Bulgaria’s automotive industry. 

    Bulgaria is positioned well to become a supply chain hub under the EU Chips Act – it has attracted investment by global companies such as Melexis (producing equipment and critical materials for semiconductor fabs) and Global Foundries and the government is investing in R&D centres to support the developing capacity.

    The roundtable enabled government, industry and academic contacts to share government strategy and approaches, including on skills development, explore potential commercial R&D and academic collaboration opportunities. This has led to an opportunity to work with the Bulgaria Ministry of Innovations and Growth as they prepare a report and recommendations to develop the sector in 2024, the potential to develop an accelerator programme based on the UK’s Chipstart programme and a memorandum of understanding signed between the Bulgarian Association of Electrical Engineering and Electronics (BASEL) and TechWorks UK.

    Artificial intelligence (AI)

    In February, SIN hosted the first UK-Romania research conference with a focus on AI to help us better understand emerging opportunities in AI research with Romania. Bringing together contacts from academia, SMEs, NGOs, and senior officials.

    The event was part of series of SIN initiatives on AI which started in 2021 with a UK-Romania high-level dialogue in London, an online workshop on national AI strategies, and a visit to present the Romanian government’s AI advisor, “Ion”, to the UK. The roundtable helped secure the topic as part of the forthcoming UK-Romania Bilateral Forum in 2024 within the frame of the Strategic Partnership Agreement signed in March 2023.

    Why Romania?

    A surge in AI startups and a rapidly developing ecosystem is drawing significant international attention. Romania’s IT and cyber sector drives a significant proportion of GDP – Romania is number one in Europe and sixth in the world in terms of the number of IT professionals. Companies such as Amazon, Hewlett-Packard, Microsoft and Oracle have long operated in Romania’s IT sector, which generated €9 billion in 2022.

    In March, SIN supported a wider delegation of AI stakeholders from Czechia, Slovakia and Poland to the UK to attend the Alan Turing Institute AI Expo 2024, using the opportunity to share policy approaches on AI regulation, build connections for AI influencers in the region, and connect researchers. 

    Tech mapping

    To find out more about opportunities across the wider Central and Eastern Europe region, read our report on tech opportunities commissioned by SIN and created by researchers at Public International (a UK-based tech insights organisation). The report provides country by country snapshots on why CEE is important to the UK under each of the 5 priority technologies. 

    Technology and Innovation in Central and Eastern Europe (public.io).

    Contact details:

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-Evening Report: ‘Awful reality’: Albanese government injects $95 million to fight the latest deadly bird flu

    Source: The Conversation (Au and NZ) – By Michelle Wille, Senior research fellow, The University of Melbourne

    The Australian government has committed A$95 million to fight a virulent strain of bird flu wreaking havoc globally.

    With the arrival of millions of migratory birds this spring, there is an increased risk of a deadly strain arriving in Australia, known as highly pathogenic avian influenza (HPAI) H5N1.

    Australia is the only continent free of this rapidly spreading strain. Overseas, HPAI H5N1 has been detected in poultry, wild birds and a wide range of mammals, including humans. But our reprieve will likely not last forever.

    As Environment Minister Tanya Plibersek warned on Monday, “the awful reality of this disease is that – like the rest of the world – we will not be able to prevent its arrival”. HPAI H5N1 is like nothing we’ve seen in Australia. The extra funding, which is in addition to Australia’s current biosecurity budget, will help us prepare and respond.

    A trail of destruction

    Avian influenza is a virus that infects birds, but can infect other animals.

    In Australia we have various strains of avian influenza that don’t cause disease, referred to as low pathogenic avian influenza. While these viruses occur naturally Australian wild birds, it is the disease-causing strains, such as HPAI H5N1 and HPAI H7 we are worried about. These HPAI strains have enormous consequences for wild birds, domestic animals, and animal producers and workers.

    HPAI H5N1 first emerged in Asia in 1996, and has been circulating in Asian poultry for decades. Following genetic changes in the virus, it repeatedly jumped into wild birds in 2014, 2016 and again in 2020, after which it caused an animal pandemic, or panzootic.

    Starting in 2021, the virus rapidly spread. First, from Europe to North America in 2021. Then into South America in 2022. There, in South America, the virus caused the death of more than 500,000 wild birds and 30,000 marine mammals.

    While we had seen large outbreaks in wild birds globally, the huge outbreaks in seals and sea lions in South America was unprecedented. With this came substantial concern that the virus was spreading from mammal to mammal, rather than just bird to bird or bird to mammal, as was happening elsewhere.

    About a year after arriving in South America, the virus was detected in the sub-Antarctic, and a few months later, on the Antarctic Peninsula.

    Australia and New Zealand are still free of the virus, for now.

    The rising death toll

    Beyond wildlife, HPAI H5N1 is having a huge impact on poultry.

    In 2022 alone, it caused 130 million poultry across 67 countries to die of the illness or be euthanased because they were infected.

    In contrast, earlier this year Australia’s biggest avian influenza outbreak to date – caused by a different strain, HPAI H7 – caused the death or destruction of 1.5 million chickens. That’s a drop in the bucket compared to what is occurring globally.

    Concerningly, in the United States, the virus has jumped into dairy cattle and so far has affected more than 200 dairy herds in 14 states. It has also jumping into humans: in the past ten days alone, six human cases have occurred – all in dairy workers in California.

    Given HPAI H5N1 has spread around the globe, the risk of the virus entering Australia has increased.

    In a recent risk assessment, my colleague and I identified two main pathways for H5N1 into Australia.

    The most likely route is that H5N1 is brought in from Asia by long-distance migratory birds. Birds such as shorebirds and seabirds arrive in the millions each spring from Asia (and in some cases as far away as Alaska).

    A second route is with ducks. If the virus spreads across the Wallace Line (a biogeographical boundary that runs through Indonesia), it will come into contact with endemic Australian duck species.

    Unlike shorebirds and seabirds, ducks are not long-distance migrants, and don’t migrate between Asia and Australia. That endemic Australian ducks are not exposed to this virus because they don’t migrate to Asia may be one of the reasons why H5N1 has not yet arrived in Australia.

    So, what’s the plan?

    The Australian government’s new $95 million funding commitment is a crucial response to the heightened level of risk, and the dire consequences if H5N1 entered the country.

    The funding is divided between environment, agriculture and human health – the three pillars of the “One Health” approach.

    Broadly, the money will be spent on:

    • enhancing surveillance to ensure timely detection and response if the disease enters and spreads in animals within Australia

    • strengthening preparedness and response capability to reduce harm to the production sector and native wildlife

    • supporting a nationally coordinated approach to response and communications

    • taking proactive measures to protect threatened iconic species from extinction

    • investing in more pre-pandemic vaccines to protect human health.

    Importantly, the funding covers preparedness, surveillance and response.

    Preparedness includes proactive measures to protect threatened birds – for example, vaccination or reducing other threats to these species) and improving biosecurity.

    Surveillance is essential to catch the virus as soon as it arrives and track its spread. Australia already has a wild bird surveillance program which, among other things, investigates sick and dead wildlife as well as sampling “healthy” wild birds. The additional commitment will bolster these activities.

    Response will include things like better and faster tests. It will also include funding for practical on-ground actions to limit the spread and impacts of HPAI H5N1 for susceptible wildlife. This might include a vaccination program for vulnerable threatened species, as an example.

    Work has already begun

    This funding is a long-term investment, and mostly allocated to future activities. In the short term, my colleagues and I have already begun our spring surveillance program.

    We aim to test about 1,000 long-distance migratory birds arriving in Australia for avian influenza. Based on our risk assessments, we are focusing on long-distance migratory seabirds such as the short-tailed shearwater, and various shorebirds including red-necked stints, arriving from breeding areas in Siberia.

    This surveillance program is supported by, and contributes to, the national surveillance program managed by Wildlife Health Australia

    In addition to our active surveillance, we need your help! If you see sick or dead wild birds or marine mammals, call the Emergency Animal Disease Watch Hotline on 1800 675 888.

    In addition, the Wildlife Health Australia website offers current advice for:

    For more information, visit birdflu.gov.au or Wildlife Health Australia’s avian influenza page

    Michelle Wille receives funding from Department of Agriculture, Fisheries and Forestry and Wildlife Health Australia.

    – ref. ‘Awful reality’: Albanese government injects $95 million to fight the latest deadly bird flu – https://theconversation.com/awful-reality-albanese-government-injects-95-million-to-fight-the-latest-deadly-bird-flu-241243

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™

    Source: GlobeNewswire (MIL-OSI)

    • Companies will develop new AI-powered processes and workflows to achieve further optimization in oil and gas production
    • Knowledge sharing will enhance Leucipa’s capabilities

    HOUSTON and LONDON, Oct. 14, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, and Repsol, a global multi-energy company, announced Monday a new agreement to collaboratively develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution.

    Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets around the globe to unlock new operational capabilities. This collaboration will leverage the shared knowledge, best practices and technical expertise of both companies to optimize production, improve efficiency and reduce emissions.

    “Artificial intelligence is revolutionizing energy production, and Leucipa enables companies to operate more efficiently to recover more from their assets,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “Repsol has long been a trusted collaborator, and their support has helped Leucipa develop into the industry’s most innovative and effective digital production software. We are excited to work together to accelerate the energy industry’s digital evolution.”

    Repsol has leveraged Leucipa across their operations since the introduction of the solution, helping to optimize their digital infrastructure and operational capabilities. The memorandum of understanding signed Oct. 11, 2024, will deepen that relationship while also reinforcing Repsol’s position as an industry leader and creating new commercial opportunities for Leucipa.

    The Leucipa automated field production solution helps oil and gas operators proactively manage production and reduce carbon emissions. Leucipa focuses first on the specific outcome an operator wants to achieve, harnessing and leveraging data to drive intelligent operations. By automating production processes, Leucipa will reduce inefficiency, ensure more environmentally sound operations, and enable customers to help recover the millions of barrels that would have otherwise remained in the ground.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations

    Brian Reynolds
    +1 346-315-6663
    brian.reynolds@bakerhughes.com

    Investor Relations:

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI: Dragonfly Energy Announces Dragonfly IntelLigence™ Smart Battery Technology for Heavy Duty Trucking Lithium Power Systems

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and maker of Battle Born Batteries®, unveiled at the American Trucking Associations’ annual Management Conference & Exhibition its Dragonfly IntelLigence™ technology for the heavy duty trucking industry. This patent-pending smart battery technology gives fleets and truck drivers real-time system monitoring and app-based connectivity, providing full visibility over their battery system. Building upon the proven reliability of Battle Born Batteries, Dragonfly IntelLigence represents the next generation of the Company’s energy storage solutions, designed to optimize performance and efficiency in demanding commercial applications.

    Dragonfly IntelLigence communication technology empowers drivers with real-time insights into their entire battery system, providing visibility at both the individual battery level and the system as a whole. By combining a wireless mesh network with Bluetooth connectivity, drivers can use the Battle Born mobile app to monitor battery life, set custom alerts, and access historical usage data. This comprehensive connectivity, unique to Dragonfly Energy’s system, provides a significant advantage over competitor Bluetooth solutions, and will provide drivers with peace of mind and enhanced control over their power source. Additionally, through the Dragonfly IntelLigence Hub, OEMs can transmit battery data via external communication protocols, such as RV-C (Recreation Vehicle-CAN), allowing for seamless integration with in-cab displays and fleet management systems.

    This new, advanced smart lithium solution provides a powerful addition to the Company’s award-winning Battle Born® All-Electric Auxiliary Power Unit (“APU”), delivering enhanced capabilities beyond what was previously available. The advanced monitoring capability of Dragonfly IntelLigence, gives drivers the visibility to now have complete confidence in the company’s lithium powered system’s ability to maintain power during rest periods, eliminating the need for idling or auto start/stop.

    “The integration of our patented Dragonfly IntelLigence technology marks a significant advancement for our APU solution,” said Wade Seaburg, chief revenue officer of Dragonfly Energy. “This upgrade gives drivers comprehensive visibility over their battery system so they can rest easy knowing the battery won’t drain nor the truck restart while they are trying to sleep. By prioritizing driver experience and efficiency, we’re helping fleets reduce costs and improve sustainability.”

    The Battle Born All-Electric APU, equipped with Dragonfly IntelLigence as an optional upgrade, is available now to fleets and OEMs, with public availability to owner/operators expected by the end of the calendar year 2024.

    For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Dragonfly IntelLigence™ click here.

    About Dragonfly Energy 
    Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

    To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit http://www.dragonflyenergy.com/investors.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company’s intent, belief, or expectations, including, but not limited to, statements regarding Dragonfly IntelLigence™, the Company’s future results of operations and financial position, planned products and services, business strategy and plans, market size and growth opportunities, competitive position and technological and market trends. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions.

    These forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the Company’s control) which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such factors include those set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s subsequent filings with the SEC available at http://www.sec.gov. If any of these risks materialize or any of the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations
    Caldwell Bailey
    ICR, Inc.
    DragonflyIR@icrinc.com

    Media Contacts:
    Susan Fall
    LaunchIt Public Relations
    619-890-9415
    susan@launchitpr.com

    Amy Demuth
    RAD Strategies Inc.
    775-323-6333
    dragonfly@radstrategiesinc.com

    Source: Dragonfly Energy Holdings Corp.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cef2a1be-a6b5-4b51-8326-698f3f3f7227

    The MIL Network –

  • MIL-OSI United Kingdom: InFocus: Updates from the Government Property Agency (October 24)

    Source: United Kingdom – Executive Government & Departments

    InFocus brings together news and views from across the Government Property Agency.

    WELCOME TO INFOCUS, October 2024

    Yvette Greener, Client Director

    It’s been a busy few months here at the Government Property Agency (GPA) as we supported clients through the General Election period and transition to a new Government.

    Last month we confirmed the permanent appointment of Mark Bourgeois as our Chief Executive Officer (CEO). Mark has filled the post as interim CEO since November 2023, during which time we have identified a number of focus areas for improved performance across our services. With this insight, along with his extensive leadership experience from the private sector, Mark is now well positioned to lead our organisation in delivering on these priorities for our clients.

    I am also pleased to welcome Georgina Dunn to our Executive Committee as interim Capital Projects Director, following the retirement of Clive Anderson. Georgina has joined on secondment from Turner & Townsend, where she is Director and Global Head of Government and Public Sector. Her experience leading large scale and high-profile infrastructure, property and construction programmes is already bringing great value to our team.

    Carly Ersser will join the GPA as interim Director of Workplace Services in November, replacing Louis Roberts. Carly will transfer from HM Treasury, where she worked as Deputy Director Multisite Darlington Economic Campus Programme. Carly has an excellent insight as to what it’s like to be a GPA client, a very clear strategic view of the GPA and a real passion to deliver for our clients. She will make an excellent addition to the leadership team and drive the development and improvement of our workplace services.

    Last week our new Strategic Client Committee convened for the first time. More details about the Committee are included in this newsletter, and I’m looking forward to the strides forward we can take with the Committee’s strategic recommendations and feedback.

    Ongoing plans to improve the workplace experience of people in our buildings include the redevelopment of our Customer Service Portal, which will provide helpful information, resources and community forums across a number of our offices. Our new PropTech Experience Group, which is open to technology professionals across government, is also ensuring that we are proactive in understanding how our technology services can be optimised to meet the needs of end users.

    We’ve made substantial progress on a number of projects in our Government Hubs Programme in recent months, with key milestones reached in Manchester, York, Croydon and Darlington. Our Peterborough Hub, which opened in 2023, has also been recognised as one of the world’s leading public sector offices for workplace experience.

    I hope you enjoy reading our latest updates below. On behalf of our executive and client teams, thank you for your continued support.

    In this issue:

                                                         

    Focus on audiovisual (AV) for upcoming Property Technology Experience Group events

    Following the success of our Property Technology Experience Group launch in June, two more events are coming up which focus on how we are advancing our AV capabilities across the government office estate.

    AV Solution Show & Tell – date TBC

    We will showcase our latest v3 AV solution at 10 South Colonnade, Canary Wharf, London. This in-person and hybrid event will offer an exclusive demonstration of meeting rooms with cutting-edge AV technology. This is a fantastic opportunity to see our latest AV advancements and learn about how they can be applied across government hubs.

    AVIXA Day, 19 December, Peterborough, Quay House

    A dedicated day with AVIXA, the Audiovisual and Integrated Experience Association, a leading organisation that supports AV professionals worldwide, offering resources that can greatly benefit those working in the civil service. At this event, they will raise awareness of international standards for AV, explore industry groups, and introduce a comprehensive range of training programmes and online webinars.

    These events are designed to keep technology professionals in government at the forefront of our technology developments and ensure departments are equipped with the latest knowledge and best practice in AV. It will also be a valuable opportunity for us to hear from you about your own AV experiences within your department, allowing an exchange of insights and effective strategies across the community.

    Join our Property Technology knowledge community

    Members of our Knowledge Hub group can gain access to a wealth of resources, participate in ongoing discussions with fellow professionals, and benefit from shared knowledge and experiences. There will also be information about future events and developments in the Property Technology space. 

    Interested in attending?

    Please register interest in the events by completing our Google Form. More details and official invites will follow.

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    Coming soon: a relaunched customer service portal

    We are pleased to announce that our customer service portal will soon be relaunched to provide a better, accessible platform for building users to access and share information about their workplaces. The portal is currently available to people working in 28 of our managed buildings, and will be rolled out across more buildings in the future following the improvements.

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    Our new Strategic Client Committee

    We have introduced a new Strategic Client Committee to gather strategic insight, feedback and recommendations regarding your current and future requirements, and to inform our future direction

    The committee is made up of a small group of senior leaders invited from a representative selection of client organisations. The clients represented will change on a yearly basis and work alongside the chair of the government COO network and our own senior leaders.

    The committee will meet quarterly and serve as a collaborative forum to ensure that you have a senior level voice into the GPA, as part of our commitment to fostering a client-centric culture.

    The first meeting took place last week and covered topics including the spending review, closing the funding gap and workplace design and space planning.

    In addition, we are introducing a quarterly Client Working Group, replacing the previous Client Committee meetings, which will include representation from all of our Portfolio clients. Further details of the Client Working Group will be shared in due course.

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    More than five tonnes of furniture reused

    We’ve coordinated more than 170 items of used office furniture, the equivalent of five tonnes, to be reused ensuring they didn’t end up in landfill, saving over 13 tonnes of carbon emissions.

    The surplus furniture was removed from Feethams House in Darlington. It was part of a project to maximise workpoints within the hub following the successful recruitment of over 700 roles at the Darlington Economic Campus (DEC).

    The refurbishment was completed in April and resulted in surplus used furniture. Rather than sending the items to landfill, our Innovation and Assurance team worked with Go Green Managed Services to reuse the items on our other projects across the government’s office portfolio as well as sending some items to the Department for Education.

    Miguel Godfrey, Head of Sustainability said:

    With millions of pieces of furniture discarded in the UK each year, it is vital that we as an organisation are able to redistribute our equipment to our other projects enabling teams and departments to help their staff operate effectively while also saving on carbon emissions and taxpayer spend.

    Of the 178 items of furniture, we reused 13%, 57% is being stored for use on some of our other projects (including Temple Quay House in Bristol) and 30% is being reused by the Department for Education, saving a total of 13.2 tonnes of carbon emissions.

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    Croydon Hub fit-out close to completion

    We have entered the final phase of one of our most challenging and complex projects to-date – our Croydon Hub.

    Set to be home for more than 7,000 Home Office (HO) civil servants, 2 Ruskin Square in Croydon will be the largest new build government hub we have delivered.

    The project has been carefully designed to support the Home Office requirements, with a range of operational facilities including a significant public facing area with specialist interview rooms, family areas and a café to support customer needs.

    There will also be new, fully inclusive furniture to suit all working styles including meeting pods, railway carriages and focus settings. The hub will have a range of interoperable technology including GovWifi, GovPrint and GovPass.

    The programme has focused on the efficient transition and migration of staff to ensure the existing HO estate is successfully decommissioned ahead of the lease end date. This has been achieved by combining much of the CAT B and C works into the main fit out contract, minimising the time required to complete the project. The early integration of our teams across Capital Projects, Workplace Services, Customer Experience, Client Solutions and property has allowed us to deliver more efficiently.

    Rationalising the HO estate is expected to return savings to the public purse, by reducing operating and property costs.

    Leading the fit out and preparation of this 10-storey, 33,000 square metre building is our GPA Integrated Delivery team, in collaboration with AECOM, AtkinsRealis, Hoare Lea, Tetra Tech, Turner & Townsend, our construction partner Wates and furniture supplier Southerns Broadstock. As well as fully inclusive refreshment hubs, home zones and meeting rooms, the building will deliver an effective mix of flexible and hybrid workspaces which will support neurodiversity, collaboration and wellbeing.

    The project also included mobilising new facilities management contracts as part of our Workplace Services Transformation Programme (WSTP) to achieve greater efficiencies across the government office estate.

    Georgina Dunn, interim Director of Capital Projects said:

    Ruskin Square will provide inclusive, flexible, digitally connected workspaces to support greater productivity and will enhance carbon reduction. We are extremely proud to deliver this brand new, purpose built hub to support the Home Office.

    The Croydon hub is highly sustainable with fully decarbonised power. It will form part of the nine-acre Ruskin Square development and sits alongside One Ruskin Square, the HM Revenue & Customs (HMRC) regional centre which opened in 2017 adjacent to East Croydon train station.

    The Government Hubs Programme has so far supported regeneration and economic development in 17 locations throughout the UK including; Glasgow, Belfast, Newcastle, Leeds, Manchester, Nottingham, Cardiff, Birmingham, Peterborough and Bristol to support around 60,000 civil servants and in so doing create a smaller, better and greener public estate.

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    Mystery shopping across our portfolio

    Our Workplace Experience team is working in partnership with our Performance Partner, JLL, to lead the development of a set of standards across all areas of the customer journey within our government office spaces. Our aim is to implement a single, consistent set of standards across our estate, ensuring everyone receives a consistent service wherever they choose to work.

    Once these standards are launched, JLL will support us in evaluating how successfully these are being delivered.

    In preparation, JLL’s workplace experience team has already started to conduct mystery-shop style visits across our estate. Their purpose is to cast an objective eye over the experience people have and provide recommendations to support our drive for continuous improvement.

    During the visits they will be looking at the overall performance of our Supply Chain Partners across the following areas:

    1. Welcome experience focusing on reception and security services experienced by visitors on arrival.

    2. Diversity and inclusion – are there accessible means of entry and mobility throughout the building, supportive signage on display, hearing loops available, and environment and lighting suitable for neurodiverse colleagues?

    3. Soft services such as cleaning and general building appearance.

    4. Hard services such as maintenance and heating, ventilation and air conditioning

    5. External areas – is the street lighting adequate, are pathways clear, car park and bicycle facilities well maintained and are smoking areas kept tidy?

    6. Amenities including refreshment and wellness areas.

    7. Meeting spaces – are these ready for use and offer ‘how to’ guides.

    After each visit JLL collates its findings and generates a ‘score’ which enables comparison across the portfolio, but also acts as a benchmark against which to measure future visits. A report will also be issued to our Workplace Services team and Supply Chain Partners indicating JLL’s observations and recommendations for action. These are followed up to ensure that agreed actions are completed and can be reviewed on the next visit.

    In the five months from November 2023, JLL visited 27 locations and made a total 131 recommendations. While many of these might be quick fixes, there are some that require potential capital investment to enhance the office environment. Some of these are already in the pipeline and others will feed into future planning cycles. This work is complementary to the action plans that are developed as a result of the customer satisfaction surveys, which together, and in collaboration with JLL, help to demonstrate our commitment to delivering better workplaces for the Civil Service.

    If you spot the team on their visit, do feel free to share your experience of your office space.

    If you have any questions or would like any more information, please contact:  customerinsights@gpa.gov.uk

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    Celebrating our team successes

    We’re extremely proud of our people’s success at this year’s Government Property Awards and the CIPD People Management Awards.

    At the Government Property Awards, Project Director Sarah Mackintosh won in the Leadership category, with an entry that focused on her achievements while managing the build and fit-out at Quay House in Peterborough, creating a strong and integrated team to work through the many challenges such a project brings.

    Sarah Mackintosh said: > Now I’m over the shock of hearing my name called out, I’m thrilled to receive this recognition. For me it was all about the team, they worked brilliantly together and were hugely supportive. I am so happy I had the chance to work with them on this project.

    Quay House was also Highly Commended in the Project of the Year award. The building is in Fletton Quays, previously a derelict brownfield site but now part of the city’s £120 million vibrant regeneration scheme. The Passport Office and Defra are two of several clients now based there.

    Our PropTech team was also Highly Commended in the Transforming Places category for installing networks for GovWifi throughout GOGGS, a historically significant site, delivering a fast resilient network despite the restrictions of a listed building. 

    At the CIPD People Management Awards, our Skills and Specialism programme was shortlisted in two categories and was awarded the Best Learning and Development Initiative.

    The judges said that they were particularly impressed by our Skills Builder tool because it “allows for a deeper set of quality conversations that support self-directed learning and the drive to the desired learning culture”. 

    Chief Executive Mark Bourgeois said:

    It’s so rewarding to see the excellent work of our own people recognised and celebrated in these awards, against stiff competition. Congratulations to everyone involved, it’s a proud moment for the GPA.

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    Find out more about the Government Property Agency here

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Tech Secretary welcomes foreign investment in UK data centres which will spur economic growth and AI innovation in Britain

    Source: United Kingdom – Executive Government & Departments

    Four major tech firms based in the US have committed to the UK as the place to invest in data centres, fueling Britain’s economic growth and spurring on AI development.

    £6.3 billion global investment into UK data centres.

    The Technology Secretary Peter Kyle has today (Monday 14 October) welcomed the ‘vote of confidence’ in Britain made by US firms CyrusOne, ServiceNow, Cloud HQ and CoreWeave, who have announced the UK will be the home for their data infrastructure worth a total of £6.3 billion.  

    The investments, announced as part of today’s International Investment Summit, will take the total investment in UK data centres to over £25 billion since this government took office, demonstrating the government’s continuous effort in driving growth by partnering with business.

    These new data centres will provide the UK with more computing power and data storage, so that Britain has the necessary infrastructure to train and deploy the next generation of AI technologies, such as complex machine learning models and algorithms. This in turn will help us roll out AI faster in areas like healthcare, which will help everyone live better and healthier lives.

    Technology Secretary Peter Kyle said:

    Tech leaders from all over the world are seeing Britain as the best place to invest with a thriving and stable market for data centres and AI development. 

    Data centres power our day-to-day lives and boost innovation in growing sectors like AI. This is why only last month, I took steps to class UK data centres as Critical National Infrastructure giving the industry the ultimate reassurance the UK will always be a safe home for their investment. Today’s drumbeat of investment is a vote of confidence in Britain and our approach to work with business to deliver sustained growth for all. 

    It comes as Washington DC-headquartered firm CloudHQ is set to develop a new £1.9 billion data centre campus in Didcot, Oxfordshire. 

    The hyper-scale data centre is currently in development and will help meet the UK’s growing demand for AI and machine learning. It will create 1,500 jobs during construction, and 100 permanent jobs once fully operational.

    Hossein Fateh, CloudHQ’s Founder and Chief Executive Officer, said:

    We are very excited to deliver a hyper-scale campus in the UK that is truly an extension of Slough due to our private diverse fibre optic route.

    Our site enables us to build out our campus environment to provide scale and density to meet our customers’ requirements.

    Global AI platform and software leader ServiceNow also confirmed its commitment to the UK market, with plans to invest £1.15 billion into its UK business over the next 5 years. The investment will not only support the future development of AI in the UK, expanding its data centres with Nvidia GPUs for local processing data, but also support new office space as the company significantly grows into employee base beyond its current headcount of 1,000 employees. 

    ServiceNow Chairman and CEO Bill McDermott said:

    Working together, ServiceNow and HM government are on the brink of a great unlock, putting AI to work for people across the country.

    AI-powered transformation is a generational opportunity to champion citizens, empower employees, and delight customers. ServiceNow’s investment will accelerate the UK’s innovation blueprint, redefining how people live and work.

    CyrusOne, a leading global data centre developer headquartered in the United States, announced plans to expand their investment into the UK to £2.5 billion over the coming years. 

    Subject to planning permission, the projects should be operational by Q4 2028 and are expected to create over 1,000 jobs both directly and within its immediate design and construction value chain.

    Eric Schwartz, President and Chief Executive Officer at CyrusOne, said:

    The UK government’s recent ‘critical national infrastructure’ (CNI) designation was a strong signal that data centres are of strategic importance to the UK economy. 

    It has provided CyrusOne with the confidence to continue its expansion in the UK and support the government’s policy ambition to become a centre of excellence for digital services, technology innovation and AI.

    Announcing its second investment in the UK this year, AI hyperscaler CoreWeave also confirmed £750 million to support the next generation of AI cloud infrastructure.  

    Building on its £1 billion investment announced in May and the opening of its European headquarters in London, CoreWeave will be investing a further £750 million in the UK to support the demand for critical AI infrastructure. The investment in the UK is CoreWeave’s second largest investment in a country following the USA. 

    Mike Intrator, CEO and co-founder of CoreWeave:

    CoreWeave’s multiple investments in 2024 are a mark of our confidence in the government’s commitment to attracting global private investment through the creation of a stable, business-friendly environment.

    We are encouraged by the UK’s strong talent pool, which is reflected in our decision earlier this year to open our European headquarters in London, and priority focus on investing in critical infrastructure, to drive the continued development of the UK’s thriving AI sector.

    Today’s investments follow major deals with investment giant Blackstone, who committed to £10 billion investment in the North East of England last month, and Amazon Web Services, who announced they plan to invest £8 billion in building, maintaining and operating data centres in the UK over the next 5 years. 

    Only last month, the Tech Secretary also classed UK data centres as ‘Critical National Infrastructure’ (CNI), giving the sector can greater government support in recovering from and anticipating critical incidents, ensuring the industry remains secure and stable. 

    In July, he also appointed entrepreneur Matt Clifford to kickstart an AI Opportunities Action Plan, which will set out how to boost take up of AI across all parts of the economy, and consider the necessary AI infrastructure, talent, and data access required to drive adoption by the public and private sectors. 

    This week’s International Investment Summit will see ministers and business leaders discuss how the UK can capitalise on emerging growth sectors including health tech and AI, clean energy and creative industries with confirmed speakers including Ruth Porat President & Chief Investment Officer, Alphabet and Google, David Ricks, CEO of Eli Lilly, Alex Kendall CEO of Wayve and Pushmeet Kohli Principal Scientist at Google DeepMind.

    The Prime Minister will take part in an “in conversation” event with former CEO and chairman of Google Eric Schmidt and CEO of GSK Dame Emma Walmsley to discuss how the UK can seize the opportunities of AI to drive growth and productivity, and it’s potential to improve public services such as health and education’

    Tech Secretary Peter Kyle will take part in a conversation about accelerating innovation as well as sign a memorandum of understanding with Elderberry, the world’s largest pharmaceutical firm, which sets the stage for a world-first trial of obesity medications on the NHS, in Greater Manchester, while the company plans to set up a new biotech hub in the UK.

    Notes to editors

    CloudHQ has already secured planning permission to build a state-of-the-art data centre campus in Didcot.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: The Smarter Working Live Awards 2024 shortlist

    Source: United Kingdom – Executive Government & Departments

    Winners will be announced on Thursday 21 November for the awards celebrating outstanding examples of smarter working in the UK public sector.

    This November the Smarter Working Live Awards will recognise outstanding innovation through community, collaboration and creativity in the public sector. Now in it’s fourth year, the event is hosted by the Government Property Agency (GPA) in partnership with GovNews.

    This year’s award categories include:

    • Improving Spaces – creating a great place to work
    • Future Focused and Sustainable Property
    • Innovation as a Service
    • Digital Innovation as a Service
    • Harnessing the Value of Data
    • Customer Experience
    • User Experience
    • Smarter Workflows
    • Digital Inclusion
    • Automation, Artificial Intelligence and Machine Learning
    • Building Collaborative Communities
    • Small-scale, Big Impact
    • Putting People First
    • Championing Continuous Improvement
    • Outstanding Smarter Working Leadership
    • Judges Choice – Special Recognition
    • Judges Choice – Beyond Smarter Working

    View the Smarter Working Live Awards 2024 shortlist.

    The GPA continues to lead the sector in championing smarter working practices and innovation as a key part of our vision for a transformed, shared, sustainable and value for money government estate supporting civil servants to work productively in every nation and region of the UK.

    Smarter Working Live continues the legacy of our Smarter Working Programme, which enabled 31 government bodies to achieve Smarter Working Mature status, empowering their workforce with choices about how, where and when to work.

    The awards ceremony will take place at The Vox Conference Venue in Birmingham on Thursday 21 November. Tickets are available from the Smarter Working Live website.

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Advanced Flower Capital Schedules Third Quarter 2024 Earnings Conference Call for November 13, 2024

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it plans to report earnings for the quarter ended September 30, 2024 on Wednesday, November 13, 2024.

    Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, November 13, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of AFC’s website at http://advancedflowercapital.com/. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

    The complete webcast will be archived for 90 days on the Investor Relations section of AFC’s website.

    About Advanced Flower Capital

    Advanced Flower Capital (Nasdaq:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, operating results and anticipated investments.  All statements other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements.  These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results.  Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements. 

    Investor Relations Contact:
    Robyn Tannenbaum
    (561) 510-2293
    ir@advancedflowercapital.com
    advancedflowercapital.com

    Media Contact:
    Profile Advisors
    Rich Myers and Rachel Goun
    (347) 343-2999
    afcgamma@profileadvisors.com

    The MIL Network –

  • MIL-OSI Africa: Hamburg Sustainability Conference spotlights youth entrepreneurship in Africa, African Development Bank Group support for continent’s youth-led small and medium enterprises

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

    HAMBURG, Germany, October 14, 2024/APO Group/ —

    African youth entrepreneurs supported the by African Development Bank Group (www.AfDB.org) took center stage at the Hamburg Sustainability Conference on Monday.

    During a session, titled “Empowering Young Entrepreneurs in Africa,” executives of the African Development Bank and its partner the African Guarantee Fund (http://apo-opa.co/3Y78rMT), as well as young African business leaders showcased innovative approaches to bridging the financing gap for youth entrepreneurs.

    The two-day Hamburg Sustainability Conference, which drew global leaders, development institutions and young business founders across the continent, featured high-level discussions on reshaping international financial systems and creating investment environments that promote achievement of the United Nations Sustainable Development Goals.

    The session explored the impact of the Bank’s Affirmative Finance Action for Women in Africa (http://apo-opa.co/3Y3wpZI) initiative. Through AFAWA, the Bank has approved approximately $1.8 billion in lending for Africa’s women entrepreneurs; some $1 billion has already been disbursed to more than 18,000 women-led small and medium enterprises.

    Melanie Keita, CEO and co-founder of Melanin Kapital (http://apo-opa.co/48alJNA), a Nairobi-based fintech company that provides digital loans, and a beneficiary of AFAWA, spoke about the need for more accessible financing options for Africa’s youth-led startups. She questioned whether there were plans to digitise the loan process: “Can people access loans from their living room instead of having to travel a lot of time and then go with a lot of paperwork and being denied loans sometimes?”

    South Africa’s Minister in the Presidency Responsible for Planning, Monitoring, and Evaluation, Maropene Ramokgopa, told attendees that young African entrepreneurs are “drivers of change.” She urged governments to prioritise entrepreneurship policies and reduce bureaucratic barriers.

    “From financial technology, agriculture, renewable energy and creative sector to digital health solutions, young African entrepreneurs are transforming their communities,” Ramokgopa added. “They are also creating jobs and reshaping the economies as well.”

    Africa is facing a significant demographic shift: the continent is expected to be home to 1.4 billion people aged under 25 by the year 2063.

    Ahmed Attout, Director for Financial Sector Development at the African Development Bank, introduced its Youth Entrepreneurship Investment Banks (YEIB) initiative, designed to de-risk investing in youth entrepreneurs while fostering talent and entrepreneurship across Africa.

    “[The Youth Entrepreneurship Investment Banks initiative] is a one-stop shop that can give youth access to finance, employment guarantees, employment technical assistance,” Attout said, adding that the initiative is in the advanced implementation phase in Liberia and Ethiopia.

    Jules Ngankam, CEO of the African Guarantee Fund, an implementing partner of AFAWA, announced significant progress in delivering solutions for entrepreneurs. He said the Fund has issued $3 billion in guarantees, enabling commercial banks to lend $5 billion to small and medium-sized enterprises.

    The session was followed by a roundtable to stimulate networking between development institutions and African innovators. Joining Keita at the roundtable were two other beneficiaries of the Bank’s support: Chiemela Anosike, founder and CEO of Solaris GreenTech (http://apo-opa.co/48alKkC), and Ebun Feludu, CEO of Kokari Coconuts & Company (http://apo-opa.co/3A6ibiv), both Nigeria-based.

    Chiemela Anosike said the struggle for start-up success is real. “Entrepreneurship is hard. Entrepreneurship in Africa is harder…so, it’s difficult. So, we have programs like this…but then you give us another full-time job because you’re into fundraising and then it’s taking six months. You’re developing just one proposal [for financing] and it’s taking one month plus,” Anosike told roundtable participants.

    Bank Director for Human Capital, Youth and Skills Development Martha Phiri told the entrepreneurs that the Bank is integrating entrepreneurship skills into its vocational training programs, in recognition that not all graduates will find employment in existing job markets.

    Tapera Muzira, the Bank’s Lead Expert for Human Capital, Youth and Skills Development said the Bank’s Innovation and Entrepreneurship Lab (http://apo-opa.co/3YqnotZ), an online platform that connects African entrepreneurs with resources, financing, and business development services, is closing the information gap that limits youth potential to contribute to economies and communities.

    Earlier,  Norway’s Minister of International Development, Anne Beathe Tvinnereim, noted that her country is committed to supporting African youth entrepreneurship. She referenced the USAID and Norway-led Financing for Agricultural Small-and-Medium Enterprises in Africa program, a multi-donor fund designed to spur investment in Africa’s agricultural growth.

    “African youth constitute 60% of the population, which is why youth engagement and involvement is central in Norwegian foreign and development policies. Financing entrepreneurs is not enough. We need to build an entrepreneurial culture that supports solid institutional and regulatory frameworks,” Tvinnereim said.

    The Hamburg Sustainability Conference is organized annually by the United Nations Development Program, the German Federal Ministry for Economic Cooperation and Development (BMZ), the Michael Otto Foundation for Sustainability (http://apo-opa.co/48alMJg) and the City of Hamburg.

    MIL OSI Africa –

  • MIL-OSI Africa: Nigeria: African Development Bank and partners agree to fast-track implementation of Special Agro Industrial Processing Zones program

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

    ABUJA, Nigeria, October 14, 2024/APO Group/ —

    The African Development Bank Group (www.AfDB.org) has reached an agreement with participating Nigerian state governments to speed up implementation of a program designed to develop eight new agro-industrial zones in the country. The agreement emerged from a two-day meeting in Abuja, on 7 – 8 October, attended by senior government and bank officials and representatives of financing partners and the private sector.

    The Nigeria Special Agro Industrial Processing Zones (SAPZ) program, launched in 2022, aims to create new hubs that integrate the production, processing and distribution of targeted crops and livestock to achieve food security, increase incomes, improve livelihoods, and support economic diversification. By significantly reducing dependence on food imports and boosting exports, SAPZs are expected to boost the country’s foreign exchange reserves.

    To implement the first phase of the SAPZ project in seven states and the Federal Capital Territory, the program has mobilized $538m in co-financing from the African Development Bank Group, the International Fund for Agricultural Development (IFAD), the Islamic Development Bank (IsDB) and the Federal Government of Nigeria.

    Nigeria’s Minister of Finance and the Coordinating Minister of the Economy, Wale Edun who attended the meetings, said, “With inflation coming down, the reserves growing and the exchange rate stabilizing, success is being seen under the macroeconomic stabilization efforts of President Bola Tinubu. That is why the SAPZ program cannot and must not disappoint.”

    Minister of Agriculture and Food Security, Abubakar Kyari, said, “The need to align all our efforts at the federal and state levels as well as with our development partners is germane, so that the momentum we gain here translates into tangible outcomes for the target beneficiaries, particularly those in rural areas where the SAPZs will have their greatest impact.”

    According to the Director General of the African Development Bank’s Nigeria Country Department, Dr. Abdul Kamara, the meetings were aimed at strengthening collaboration among key stakeholders, including the private sector. Participants shared ideas and lessons learned, goals, and agreed on practical next steps to accelerate the implementation of Phase 1 of the program. The next phase of the programme will expand to include other state governments.

    Emphasising the urgency of overcoming delays that have dogged program implementation, the Senior Special Adviser to the Bank President on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, said the rapid implementation and take-off of SAPZs provides a solution to the declining contribution of manufacturing and manufacturing exports to Nigeria’s GDP.

    The second day of the meeting featured a workshop that brought together officials from the federal and state governments, representatives of partner institutions, and private sector investors to discuss the program’s financial, procurement and operational processes, as well as an accelerated implementation plan. The federal and state governments committed to implementing transparent and competitively driven procurement processes, including the independent selection of vendors.

    The sessions, moderated by Dr. Victor Oladokun, Senior Advisor on Communications and Stakeholder Engagement to the president of the African Development Bank, also provided a platform to highlight the complementary roles of stakeholders. While governments and financing institutions are expected to play a catalytic role, the private sector will focus on investing in the construction and operation of the key components of the zones: Agro Industrial Processing Hubs (AIHs) and Agricultural Transformation Centres (ATCs).

    The first phase of the Nigeria SAPZ program is expected to unlock about $1 billion in private sector investments, benefiting an estimated 1.5 million households, including private agribusinesses, agro-processors, smallholder farmers, agripreneurs, and agrodealers, and creating a minimum of 400,000 direct jobs and 1.6 million indirect jobs, especially for women and youth.

    MIL OSI Africa –

  • MIL-OSI China: China vows to beef up support for SMEs, unicorn companies

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

    BEIJING, Oct. 14 — China will increase support for innovative small and medium-sized enterprises (SMEs) and unicorn companies to foster new quality productive forces and help enterprises expand markets and unleash vitality, the Ministry of Industry and Information Technology (MIIT) said Monday.

    So far, China has cultivated about 141,000 innovative SMEs that use specialized, sophisticated technologies to produce novel or unique products, including 14,600 “little giant” firms, Wang Jiangping, vice minister of industry and information technology told a press conference.

    These companies have played an important role in promoting new industrialization and developing new quality productive forces, Wang said, adding that the MIIT will work with relevant departments to roll out mechanisms to promote the development of such SMEs and boost the high-quality growth of the enterprises.

    Wang noted that further efforts will be made to support the digital transformation and financing of the companies. For “little giant” firms — which refer to the novel elites of SMEs that are engaged in manufacturing, specialize in a niche market and boast cutting-edge technologies — China will use the central government budget to support them in achieving new technological breakthroughs, developing new products and strengthening the industrial chain to boost their scientific and technological innovation.

    China has seen a growing number of unicorn companies in recent years, with over half of last year’s new unicorns emerging in rapidly developing technology sectors like new energy, artificial intelligence and semiconductors, according to the ministry.

    The MIIT has vowed to support the listing, mergers and acquisitions, and restructuring of unicorn firms and promote the growth of such companies in future industries such as the brain-computer interface and 6G sectors. It has also vowed support for such firms to integrate into the global innovation network and enhance innovation cooperation.

    In the fourth quarter of this year, China will launch specific measures to promote consumption and domestic demand in order to help enterprises expand the market and unleash vitality, the vice minister said.

    It will promote investment in the projects of technical transformation and upgrading as well as equipment renewal, and accelerate the issuance of re-loans worth 150 billion yuan (about 21.21 billion U.S. dollars) to support such projects.

    To expand consumption, China will promote electric bicycle trade-ins and increase promotion efforts for new energy vehicles, Wang said, adding that it will also help develop sectors such as the low-altitude economy and smart manufacturing to create new engines for economic growth.

    MIL OSI China News –

  • MIL-OSI Economics: The Samsung Art Store to Feature Exclusive Highlights from The Museum of Modern Art’s Collection

    Source: Samsung

    Twenty-seven well-known artworks from MoMA’s collection, including those by artists Frida Kahlo, Henri Matisse and Georgia O’Keeffe, are available on the Samsung Art Store today, exclusively to The Frame by Samsung, a best-selling Lifestyle TV that doubles as a piece of art. When it’s on, use The Frame to watch your favorite movies and shows in brilliant 4K resolution. When it’s off, explore the Samsung Art Store to transform any space in your home with a vast catalog of artworks that are handpicked and curated from hundreds of institutions, artists and collectors around the world.
    MoMA was founded in 1929 by three progressive women who championed modern and contemporary art and wanted to establish a museum that could be a catalyst for experimentation, learning and creativity. In collaboration with MoMA, the Samsung Art Store includes highlights from MoMA’s collection that were selected by Daria Greene, Global Curator of the Samsung Art Store, to honor the institution’s history and vision, and includes Frida Kahlo’s “Fulang Chang and I” (1937), which is the first artwork by the legendary Mexican artist to arrive on the platform.
    “MoMA is a place that fuels creativity, ignites minds and provides inspiration. Through our relationship with Samsung, we are broadening access to MoMA’s collection in a truly innovative way to millions of people,” said Robin Sayetta, Head of Business Development at The Museum of Modern Art. “We were purposeful in building this new digital collection and hope to enrich the lives of art enthusiasts with culture and history at an extraordinary scale.”
    A view of the fifth-floor collection galleries. Shown: Claude Monet. Water Lilies. 1914–26. Oil on canvas, three panels. Mrs. Simon Guggenheim Fund. © 2024 The Museum of Modern Art, New York. Photo: Noah Kalina
    Expanding Access to Art Through Innovation
    Included in the more than two dozen artworks from MoMA are celebrated works such as Vincent van Gogh’s “The Starry Night” (1889), Henri Rousseau’s “The Dream” (1910) and Georgia O’Keeffe’s “Evening Star III” (1917). This selection represents a diverse range of styles and points in time, offering something for every art lover and Samsung Art Store subscriber.
    A view of the fifth-floor collection galleries. Shown: Vincent van Gogh. The Starry Night. 1889. Oil on canvas. Acquired through the Lillie P. Bliss Bequest. © 2024 The Museum of Modern Art, New York. Photo: Noah Kalina
    “At Samsung, we strive to redefine the home entertainment experience through continual innovation. Our collaboration with MoMA allows us to bring culturally significant works into millions of homes, allowing people to engage with renowned art in a truly remarkable way,” said Sang Kim, EVP and General Manager of the North America Service Business at Samsung Electronics. “This endeavor exemplifies Samsung’s mission to use technology to deliver exceptional experiences into the everyday lives of consumers.”
    “For nearly 100 years, MoMA has been instrumental in expanding the reach and impact of Modern and Contemporary art, cementing its position as one of the most dynamic and diverse institutions globally. Through this collaboration, we are able to share works by incredible artists, including 20th century female trailblazers, on the Samsung Art Store,” adds Daria Greene, Global Curator of Samsung Art Store.
    Hannah Höch’s Untitled (Dada) (detail) (1922) shown on The Frame by Samsung. Photo: Samsung
    The Samsung Art Store is available only on The Frame, which has been refreshed in 2024 to deliver an even more complete artistic and aesthetic experience. That includes ArtfulColor validation from Pantone1, the industry leading color experts. As the world’s first and only art TV to achieve this validation, The Frame delivers natural and realistic visuals that wouldn’t look out of place in a gallery. It hangs just like a picture flush against the wall and is available in class sizes ranging from 32 to 85 inches. The bezels2 can also be swapped out with various colors and designs, giving you more ways than ever to customize The Frame for your unique style and décor.
    The Frame also delivers value-add features that you can only find from Samsung – the #1 global TV brand for 18 years and counting.3 Samsung AI technology makes everything you watch look clearer and crisper, while you enjoy access to 2,700+ free channels, including 400+ Samsung TV Plus4 premium channels. You can also use your TV as your smart home hub and ensure your personal data is protected by Samsung Knox security.

    The Frame is available for purchase at MoMA Design Store at store.moma.org, Samsung.com and other select retailers.
    The Introduction of Highlights from MoMA’s Collection follows the Samsung Art Store’s relationships with world-class museums including The Metropolitan Museum of Art and Musée d’Orsay, and the release of several collections this year featuring René Magritte, Jean-Michel Basquiat and over 40 Marimekko artworks. Samsung remains committed to being the premier destination for experiencing a wide breadth of high-quality digital art.

    MIL OSI Economics –

  • MIL-OSI Global: As OpenAI attracts billions in new investment, its goal of balancing profit with purpose is getting more challenging to pull off

    Source: The Conversation – USA – By Alnoor Ebrahim, Thomas Schmidheiny Professor of International Business, Tufts University

    What’s in store for OpenAI is the subject of many anonymously sourced reports. AP Photo/Michael Dwyer

    OpenAI, the artificial intelligence company that developed the popular ChatGPT chatbot and the text-to-art program Dall-E, is at a crossroads. On Oct. 2, 2024, it announced that it had obtained US$6.6 billion in new funding from investors and that the business was worth an estimated $157 billion – making it only the second startup ever to be valued at over $100 billion.

    Unlike other big tech companies, OpenAI is a nonprofit with a for-profit subsidiary that is overseen by a nonprofit board of directors. Since its founding in 2015, OpenAI’s official mission has been “to build artificial general intelligence (AGI) that is safe and benefits all of humanity.”

    By late September 2024, The Associated Press, Reuters, The Wall Street Journal and many other media outlets were reporting that OpenAI plans to discard its nonprofit status and become a for-profit tech company managed by investors. These stories have all cited anonymous sources. The New York Times, referencing documents from the recent funding round, reported that unless this change happens within two years, the $6.6 billion in equity would become debt owed to the investors who provided that funding.

    The Conversation U.S. asked Alnoor Ebrahim, a Tufts University management scholar, to explain why OpenAI’s leaders’ reported plans to change its structure would be significant and potentially problematic.

    How have its top executives and board members responded?

    There has been a lot of leadership turmoil at OpenAI. The disagreements boiled over in November 2023, when its board briefly ousted Sam Altman, its CEO. He got his job back in less than a week, and then three board members resigned. The departing directors were advocates for building stronger guardrails and encouraging regulation to protect humanity from potential harms posed by AI.

    Over a dozen senior staff members have quit since then, including several other co-founders and executives responsible for overseeing OpenAI’s safety policies and practices. At least two of them have joined Anthropic, a rival founded by a former OpenAI executive responsible for AI safety. Some of the departing executives say that Altman has pushed the company to launch products prematurely.

    Safety “has taken a backseat to shiny products,” said OpenAI’s former safety team leader Jan Leike, who quit in May 2024.

    Open AI CEO Sam Altman, center, speaks at an event in September 2024.
    Bryan R. Smith/Pool Photo via AP

    Why would OpenAI’s structure change?

    OpenAI’s deep-pocketed investors cannot own shares in the organization under its existing nonprofit governance structure, nor can they get a seat on its board of directors. That’s because OpenAI is incorporated as a nonprofit whose purpose is to benefit society rather than private interests. Until now, all rounds of investments, including a reported total of $13 billion from Microsoft, have been channeled through a for-profit subsidiary that belongs to the nonprofit.

    The current structure allows OpenAI to accept money from private investors in exchange for a future portion of its profits. But those investors do not get a voting seat on the board, and their profits are “capped.” According to information previously made public, OpenAI’s original investors can’t earn more than 100 times the money they provided. The goal of this hybrid governance model is to balance profits with OpenAI’s safety-focused mission.

    Becoming a for-profit enterprise would make it possible for its investors to acquire ownership stakes in OpenAI and no longer have to face a cap on their potential profits. Down the road, OpenAI could also go public and raise capital on the stock market.

    Altman reportedly seeks to personally acquire a 7% equity stake in OpenAI, according to a Bloomberg article that cited unnamed sources.

    That arrangement is not allowed for nonprofit executives, according to BoardSource, an association of nonprofit board members and executives. Instead, the association explains, nonprofits “must reinvest surpluses back into the organization and its tax-exempt purpose.”

    What kind of company might OpenAI become?

    The Washington Post and other media outlets have reported, also citing unnamed sources, that OpenAI might become a “public benefit corporation” – a business that aims to benefit society and earn profits.

    Examples of businesses with this status, known as B Corps., include outdoor clothing and gear company Patagonia and eyewear maker Warby Parker.

    It’s more typical that a for-profit business – not a nonprofit – becomes a benefit corporation, according to the B Lab, a network that sets standards and offers certification for B Corps. It is unusual for a nonprofit to do this because nonprofit governance already requires those groups to benefit society.

    Boards of companies with this legal status are free to consider the interests of society, the environment and people who aren’t its shareholders, but that is not required. The board may still choose to make profits a top priority and can drop its benefit status to satisfy its investors. That is what online craft marketplace Etsy did in 2017, two years after becoming a publicly traded company.

    In my view, any attempt to convert a nonprofit into a public benefit corporation is a clear move away from focusing on the nonprofit’s mission. And there will be a risk that becoming a benefit corporation would just be a ploy to mask a shift toward focusing on revenue growth and investors’ profits.

    Many legal scholars and other experts are predicting that OpenAI will not do away with its hybrid ownership model entirely because of legal restrictions on the placement of nonprofit assets in private hands.

    But I think OpenAI has a possible workaround: It could try to dilute the nonprofit’s control by making it a minority shareholder in a new for-profit structure. This would effectively eliminate the nonprofit board’s power to hold the company accountable. Such a move could lead to an investigation by the office of the relevant state attorney general and potentially by the Internal Revenue Service.

    What could happen if OpenAI turns into a for-profit company?

    The stakes for society are high.

    AI’s potential harms are wide-ranging, and some are already apparent, such as deceptive political campaigns and bias in health care.

    If OpenAI, an industry leader, begins to focus more on earning profits than ensuring AI’s safety, I believe that these dangers could get worse. Geoffrey Hinton, who won the 2024 Nobel Prize in physics for his artificial intelligence research, has cautioned that AI may exacerbate inequality by replacing “lots of mundane jobs.” He believes that there’s a 50% probability “that we’ll have to confront the problem of AI trying to take over” from humanity.

    And even if OpenAI did retain board members for whom safety is a top concern, the only common denominator for the members of its new corporate board would be their obligation to protect the interests of the company’s shareholders, who would expect to earn a profit. While such expectations are common on a for-profit board, they constitute a conflict of interest on a nonprofit board where mission must come first and board members cannot benefit financially from the organization’s work.

    The arrangement would, no doubt, please OpenAI’s investors. But would it be good for society? The purpose of nonprofit control over a for-profit subsidiary is to ensure that profit does not interfere with the nonprofit’s mission. Without guardrails to ensure that the board seeks to limit harm to humanity from AI, there would be little reason for it to prevent the company from maximizing profit, even if its chatbots and other AI products endanger society.

    Regardless of what OpenAI does, most artificial intelligence companies are already for-profit businesses. So, in my view, the only way to manage the potential harms is through better industry standards and regulations that are starting to take shape.

    California’s governor vetoed such a bill in September 2024 on the grounds it would slow innovation – but I believe slowing it down is exactly what is needed, given the dangers AI already poses to society.

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

    – ref. As OpenAI attracts billions in new investment, its goal of balancing profit with purpose is getting more challenging to pull off – https://theconversation.com/as-openai-attracts-billions-in-new-investment-its-goal-of-balancing-profit-with-purpose-is-getting-more-challenging-to-pull-off-240602

    MIL OSI – Global Reports –

  • MIL-OSI Global: When AI plays favourites: How algorithmic bias shapes the hiring process

    Source: The Conversation – Canada – By Mehnaz Rafi, PhD Candidate, Haskayne School of Business, University of Calgary

    Given the rapid integration of AI into human resource management across many organizations, it’s important to raise awareness about the complex ethical challenges it presents. (Shutterstock)

    A public interest group filed a U.S. federal complaint against artificial intelligence hiring tool, HireVue, in 2019 for deceptive hiring practices. The software, which has been adopted by hundreds of companies, favoured certain facial expressions, speaking styles and tones of voice, disproportionately disadvantaging minority candidates.

    The Electronic Privacy Information Center argued HireVue’s results were “biased, unprovable and not replicable.” Though the company has since stopped using facial recognition, concerns remain about biases in other biometric data, such as speech patterns.

    Similarly, Amazon stopped using its AI recruitment tool, as reported in 2018, after discovering it was biased against women. The algorithm, trained on male-dominated resumes submitted over 10 years, favoured male candidates by downgrading applications that included the word “women’s” and penalizing graduates of women’s colleges. Engineers tried to address these biases, but could not guarantee neutrality, leading to the project’s cancellation.

    These examples highlight a growing concern in recruitment and selection: while some companies are using AI to remove human bias from hiring, it can often reinforce and amplify existing inequalities. Given the rapid integration of AI into human resource management across many organizations, it’s important to raise awareness about the complex ethical challenges it presents.

    Ways AI can create bias

    As companies increasingly rely on algorithms to make critical hiring decisions, it’s crucial to be aware of the following ways AI can create bias in hiring:

    1. Bias in training data. AI systems rely on large datasets — referred to as training data — to learn patterns and make decisions, but their accuracy and fairness are only as good as the data they are trained on. If this data contains historical hiring biases that favour specific demographics, the AI will adopt and reproduce those same biases. Amazon’s AI tool, for example, was trained on resumes from a male-dominated industry, which led to gender bias.

    2. Flawed data sampling. Flawed data sampling occurs when the dataset used to train an algorithm is not representative of the broader population it’s meant to serve. In the context of hiring, this can happen if training data over-represents certain groups —typically white men — while under-representing marginalized candidates.

    As a result, the AI may learn to favour the characteristics and experiences of the over-represented group while penalizing or overlooking those from underrepresented groups. For example, facial analysis technologies have shown to have higher error rates for racialized individuals, particularly racialized women, because they are underrepresented in the data used to train these systems.



    Read more:
    Artificial intelligence can discriminate on the basis of race and gender, and also age

    3. Bias in feature selection. When designing AI systems, developers choose certain features, attributes or characteristics to be prioritized or weighed more heavily when the AI is making decisions. But these selected features can lead to unfair, biased outcomes and perpetuate pre-existing inequalities.

    For example, AI might disproportionately value graduates from prestigious universities, which have historically been attended by people from privileged backgrounds. Or, it might prioritize work experiences that are more common among certain demographics.

    This problem is compounded when the features selected are proxies for protected characteristics, such as zip code, which can be strongly related to race and socioeconomic status due to historical housing segregation.

    Bias in hiring algorithms raises serious ethical concerns and demands greater attention toward the mindful, responsible and inclusive use of AI.
    (Shutterstock)

    4. Lack of transparency. Many AI systems function as “black boxes,” meaning their decision-making processes are opaque. This lack of transparency makes it difficult for organizations to identify where bias might exist and how it affects hiring decisions.

    Without insight into how an AI tool makes decisions, it’s difficult to correct biased outcomes or ensure fairness. Both Amazon and HireVue faced this issue; users and developers struggled to understand how the systems assessed candidates and why certain groups were excluded.

    5. Lack of human oversight. While AI plays an important role in many decision-making processes, it should augment, rather than replace, human judgment. Over-reliance on AI without adequate human oversight can lead to unchecked biases. This problem is exacerbated when hiring professionals trust AI more than their own judgment, believing in the technology’s infallibility.

    Overcoming algorithmic bias in hiring

    To mitigate these issues, companies must adopt strategies that prioritize inclusivity and transparency in AI-driven hiring processes. Below are some key solutions for overcoming AI bias:

    1. Diversify training data. One of the most effective ways to combat AI bias is to ensure training data is inclusive, diverse and representative of a wide range of candidates. This means including data from diverse racial, ethnic, gender, socioeconomic and educational backgrounds.

    2. Conduct regular bias audits. Frequent and thorough audits of AI systems should be conducted to identify patterns of bias and discrimination. This includes examining the algorithm’s outputs, decision-making processes and its impact on different demographic groups.

    It is important to actively involve human judgment in AI-driven decisions, particularly when making final hiring choices.
    (Shutterstock)

    3. Implement fairness-aware algorithms. Use AI software that incorporates fairness constraints and is designed to consider and mitigate bias by balancing outcomes for underrepresented groups. This can include integrating fairness metrics such as equal opportunity, modifying training data to show less bias and adjusting model predictions based on fairness criteria to increase equity.

    4. Increase transparency. Seek AI solutions that offer insight into their algorithms and decision-making processes to make it easier to identify and address potential biases. Additionally, make sure to disclose any use of AI in the hiring process to candidates to maintain transparency with your job applicants and other stakeholders.

    5. Maintain human oversight. To maintain control over hiring algorithms, managers and leaders must actively review AI-driven decisions, especially when making final hiring choices. Emerging research highlights the critical role of human oversight in safeguarding against the risks posed by AI applications. However, for this oversight to be effective and meaningful, leaders must ensure that ethical considerations are part of the hiring process and promote the responsible, inclusive and ethical use of AI.

    Bias in hiring algorithms raises serious ethical concerns and demands greater attention toward the mindful, responsible and inclusive use of AI. Understanding and addressing the ethical considerations and biases of AI-driven hiring is essential to ensuring fairer hiring outcomes and preventing technology from reinforcing systemic bias.

    Mehnaz Rafi 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. When AI plays favourites: How algorithmic bias shapes the hiring process – https://theconversation.com/when-ai-plays-favourites-how-algorithmic-bias-shapes-the-hiring-process-239471

    MIL OSI – Global Reports –

  • MIL-OSI Global: Transparency and trust: How news consumers in Canada want AI to be used in journalism

    Source: The Conversation – Canada – By Nicole Blanchett, Associate Professor, Journalism, Toronto Metropolitan University

    Developing clear policies and principles that are communicated with audiences should be an essential part of any newsroom’s AI practice. (Shutterstock)

    When it comes to artificial intelligence (AI) and news production, Canadian news consumers want to know when, how and why AI is part of journalistic work. And if they don’t get that transparency, they could lose trust in news organizations.

    News consumers are so concerned about how the use of AI could impact the accuracy of stories and the spread of misinformation, a majority favour government regulation of how AI is used in journalism.

    These are some of our preliminary findings after surveying a representative sample of 1,042 Canadian news consumers, most of whom accessed news daily.

    This research is part of the Global Journalism Innovation Lab which researches new approaches to journalism. Those of us on the team at Toronto Metropolitan University are particularly interested in looking at news from an audience perspective in order to develop strategies for best practice.

    The industry has high hopes that the use of AI could lead to better journalism, but there is still a lot of work to be done in terms of figuring out how to use it ethically.

    Not everyone, for example, is sure the promise of time saved on tasks that AI can do faster will actually translate into more time for better reporting.

    We hope our research will help newsrooms understand audience priorities as they develop standards of practice surrounding AI, and prevent further erosion of trust in journalism.

    AI and transparency

    We found that a lack of transparency could have serious consequences for news outlets that use AI. Almost 60 per cent of those surveyed said they would lose trust in a news organization if they found out a story was generated by AI that they thought was written by a human, something also reflected in international studies.

    The overwhelming majority of respondents in our study, more than 85 per cent, want newsrooms to be transparent about how AI is being used. Three quarters want that to include labelling of content created by AI. And more than 70 per cent want the government to regulate the use of AI by news outlets.

    Organizations like Trusting News, which helps journalists build trust with audiences, now offer advice on what AI transparency should look like and say it’s more than just labelling a story — people want to know why news organizations are using AI.

    Audience trust

    Our survey also showed a significant contrast in confidence in news depending on the level of AI used. For example, more than half of respondents said they had high to very high trust in news produced just by humans. However, that level of trust dropped incrementally the more AI was involved in the process, to just over 10 per cent for news content that was generated by AI only.

    In questions where news consumers had to choose a preference between humans and AI to make journalistic decisions, humans were far preferred. For example, more than 70 per cent of respondents felt humans were better at determining what was newsworthy, compared to less than six per cent who felt AI would have better news judgement. Eighty-six per cent of respondents felt humans should always be part of the journalistic process.

    As newsrooms struggle to retain fractured audiences with fewer resources, the use of AI also has to be considered in terms of the value of the products they’re creating. More than half of our survey respondents perceived news produced mostly by AI with some human oversight as less worth paying for, which isn’t encouraging considering the existing reluctance to pay for news in Canada.

    This result echoes a recent Reuters study, where an average of 41 per cent of people across six countries saw less value in AI-generated news.

    Concerns about accuracy

    In terms of negative impacts of AI in a newsroom, about 70 per cent of respondents were concerned about accuracy in news stories and job losses for journalists. Two-thirds of respondents felt the use of AI might lead to reduced exposure to a variety of information. An increased spread of mis- and disinformation, something recognized widely as a serious threat to democracy, was of concern for 78 per cent of news consumers.

    Using AI to replace journalists was what made respondents most uncomfortable, and there was also less comfort with using it for editorial functions such as writing articles and deciding what stories to develop in the first place.

    There was far more comfort with using it for non-editorial tasks such as transcription and copy editing, echoing findings in previous research in Canada and other markets.

    We also gathered a lot of data unrelated to AI to get a sense of how Canadians are tapping into news and the news they’re tapping into. Politics and local news were the two most popular types of news, chosen by 67 per cent of respondents, even though there is less local news to consume due to extensive cuts, mergers and closures.

    A lot of people in our sample of Canadians, around 30 per cent, don’t actively look for news. They let it find them, something called passive consumption. And although this is proportionally higher in news consumers under 35, this isn’t just a phenomenon seen in the younger demographic. More than half of those who reported letting news find them were over 35 years old.

    Although smartphones are increasingly becoming the likely access points of news for many consumers, including almost 70 per cent for those 34 and under and about 60 per cent of those between 35 and 44, television is where most news consumers in our study reported getting their journalism.

    Respondents in our survey were asked to select all of their points of news access. More than 80 per cent of participants chose some form of TV, with some respondents picking two TV formats, for example, cable TV and smart TV. Surprisingly to us, half of 18-24 year olds reported TV as an access point for news. For those 44 and under, it was more often through a smart TV, though. As shown in other Canadian studies, TV news still plays an important role in the media landscape.

    This is just a broad look at the data we have collected. Our analysis is just beginning. We’re going to dig deeper into how different demographics feel about the use of AI in journalism and how the use of AI might impact audience trust.

    We will also soon be launching our survey with research partners in the United Kingdom and Australia to find out if there are differences in perceptions of AI in the three countries.

    Even these initial results provide a lot of evidence that, as newsrooms work to survive in a destabilized market, using AI could have detrimental effects on the perceived value of their journalism. Developing clear policies and principles that are communicated with audiences should be an essential part of any newsroom’s AI practice in Canada.

    Nicole Blanchett receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC) and The Creative School at Toronto Metropolitan University.

    Charles H. Davis receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC) and has received funding from Toronto Metropolitan University.

    Mariia Sozoniuk works with the Explanatory Journalism Project which is supported by funding from The Creative School at Toronto Metropolitan University and the Social Sciences and Humanities Research Council of Canada (SSHRC).

    Sibo Chen receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC) and The Creative School at Toronto Metropolitan University.

    – ref. Transparency and trust: How news consumers in Canada want AI to be used in journalism – https://theconversation.com/transparency-and-trust-how-news-consumers-in-canada-want-ai-to-be-used-in-journalism-240527

    MIL OSI – Global Reports –

  • MIL-OSI: LAUD Launches Comprehensive Marketing Solutions for Fintech Companies: Leveraging Blockchain, and Advanced AI Tools

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, Oct. 14, 2024 (GLOBE NEWSWIRE) — LAUD, a London-based marketing firm, is at the forefront of fintech innovation, providing comprehensive solutions that empower financial technology companies to maximize their digital presence and operational efficiency. Leveraging the power of blockchain and Web3 technology, LAUD’s specialized services enable fintech firms to streamline processes, optimize client engagement, and build stronger brand identities.

    “We understand the unique challenges faced by fintech companies and have developed tailored solutions that incorporate blockchain, Web3, and advanced AI tools to solve these pain points,” said a representative from LAUD. “Our goal is to help our clients navigate the complexities of the fintech ecosystem, from smart API integrations to CRM automation, ensuring they stay ahead of the competition.”

    In addition to their technology-driven solutions, LAUD offers a full suite of marketing services, including social media management, PR strategy development, and content creation. Their AI-powered social media management platform allows fintech companies to maintain an active online presence, engage with their audience more effectively, and optimize their digital footprint.

    LAUD’s team of experts works closely with clients to design and execute strategies that not only enhance brand visibility but also foster long-term growth. By utilizing advanced analytics and AI tools, LAUD ensures that every marketing campaign is data-driven, measurable, and aligned with the client’s business goals. For more information, visit their official website.

    LAUD is a London-based marketing firm specializing in solutions for fintech companies. Their services range from blockchain and Web3 integrations to CRM automation and AI-powered social media management. LAUD’s comprehensive approach helps fintech firms leverage the latest technologies to drive innovation and market growth.

    LAUD is specializing in solutions for fintech companies. Their services range from blockchain and Web3 integrations to CRM automation and AI-powered social media management. By implementing CRM automation, LAUD streamlines customer relationship processes, allowing fintech firms to enhance engagement, personalize communication, and improve customer retention. This automation not only saves time but also provides valuable insights into customer behavior, enabling companies to tailor their offerings effectively. Additionally, LAUD’s expertise in Web3 integrations empowers fintech businesses to tap into decentralized technologies, fostering transparency and security in transactions. This integration can lead to increased trust among users, thereby attracting a more extensive customer base.

    Through their comprehensive approach, LAUD helps fintech firms leverage the latest technologies to drive innovation and market growth, ensuring they remain competitive in a rapidly evolving landscape.

    Social Links

    LinkedIn: https://www.linkedin.com/company/laud-uk/

    Media contact

    Brand: LAUD

    Contact: Media team

    Email: support@laud.tech

    Website: https://laud.tech

    The MIL Network –

  • MIL-OSI: Bybit Announces Growth Milestone for Liquid Staking Token bbSOL, Surpassing $100 Million in Locked Value

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 14, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest crypto exchange by trading volume, is thrilled to announce the continued growth and expansion of its innovative liquid staking token, bbSOL. As Bybit’s inaugural Liquid Staking Token (LST), bbSOL continues to offer users a seamless, secure way to stake SOL and earn competitive rewards.

    The rapid adoption of bbSOL has propelled its total locked value beyond 100 million USD in a short span. Beyond staking rewards, bbSOL holders can now further enhance their earning potential through three key opportunities:

    • Providing Liquidity to bbSOL Trading Pairs: Users can earn trading fees by contributing liquidity on decentralized exchanges such as Orca, Raydium and Kamino.
    • Utilizing bbSOL as Collateral: bbSOL can be used as collateral on partner platforms, including Drift, Kamino, marginfi, Save, enabling users to lend, borrow, and unlock higher returns.
    • Restaking bbSOL for Additional Rewards: Through partner platforms like Solayer, users can restake bbSOL to generate extra rewards while supporting the Solana network’s security and governance.

    “We’re excited to see bbSOL’s continued growth and success. The increasing total locked value demonstrates the trust and confidence our users have in bbSOL as a reliable and rewarding digital asset,” added Emily Bao, Head of Spot and Web3 at Bybit.

    As bbSOL’s reach extends across both centralized and decentralized exchanges, it solidifies its position as a premier liquid staking token. Bybit remains committed to offering innovative products and services that empower users to thrive in the digital asset space.

    #Bybit / #TheCryptoArk 

    About Bybit

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

    For more details about Bybit, users can visit Bybit Press. 

    For media inquiries, users can contact: media@bybit.com

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

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

    Contact

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

    The MIL Network –

  • MIL-OSI: 2024 Digital Sales Evolution in the Channel Report: 90% of IT Solution Providers Expect a Rise in Marketplace Sales by 2029

    Source: GlobeNewswire (MIL-OSI)

    New survey finds online marketplaces are essential growth engines to expand customer base, offer new and improved services, and enhance profitability at scale

    DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced the findings of its new global survey, commissioned by Channelnomics, of IT solution providers on the marketplace trends that are transforming the future of digital sales in the channel. Entitled, “Digital Sales Evolution in the Channel,” the report reveals nine out of 10 respondents are experiencing significant benefits of marketplaces and highlights opportunities to tap their customer data analytics and scalability to unlock new and recurring revenue streams.

    “As solution providers look to marketplaces as the sales channels of the future, they are best served by platforms with comprehensive e-commerce solutions that expand their digital capabilities, deliver a seamless online sales experience and maximize opportunities for upselling and cross-selling,” said Ryan Walsh, Chief Strategy Officer at Pax8. “The Pax8 Marketplace is designed to help partners unlock more sales opportunities and enhance relationships with their customers, providing them with the infrastructure and resources to drive profitability at scale.”

    Unlocking the Transformative Potential of Marketplaces

    Embracing the digital economy, more than one-third of solution providers globally generate more than 20% of their revenue through marketplaces. Further, the survey revealed 87% of respondents expect their use of marketplaces to increase in the next five years. Respondents in North America and Europe, where digital infrastructure and fulfillment systems for marketplace activities already exist, echo this sentiment.

    The emergence of marketplaces as growth engines enables solution providers to expand their reach, enhance profitability at scale, and offer new and improved services to customers. Among the vast potential that marketplaces offer, include:

    • Reaching larger audiences and demographics with minimal overhead, while driving sales volume and scalability simultaneously: The scalability of marketplaces enables providers to offer their product and services to a global market, unlocking new business opportunities, including increased profitability (46%), higher demand for professional services (45%), and better customer data analytics (38%).
    • Focusing sales strategies on the customer experience to sustain growth, specifically prioritizing customer retention and satisfaction: Globally, more than half of survey respondents (51%) are upgrading their sales technology and developing new partnerships (51%) and expanding their specialized services (46%) to provide a better customer experience.
    • Evolving GTM strategies shaped by customers buying preferences and behaviors: Three-quarters of respondents acknowledge that customer feedback about marketplace purchases is influencing their decision-making. Further, 46% of solution providers in North America report that customer feedback influences their decision making; 34% providers in Europe and just 18% in Asia-Pacific share this sentiment.

    Key Considerations for Marketplace Adoption

    As marketplace adoption comes into focus, solution providers are navigating a range of factors that can impact their success, from cost-savings to technological compatibility. Among the key considerations highlighted in the report include:

    • Prioritizing cost-effectiveness in the strategic development process: Nearly half of global respondents prioritize cost-effectiveness when developing their marketplace strategies, assessing costs related to fees, commissions, and marketing spend. Balancing incoming expenses against new revenue and growth streams are critical for maintaining scalable profitability.
    • Powering decision-making with advanced analytics: Digital sales platforms provide vast information about customers purchasing history and anticipatory needs through order consumption pattern analysis, data telemetry, and gap analytics. By leading decision-making with data-driven insights, solution providers can drive future sales and improve customer experiences.
    • Boosting sales with a user-friendly platform: A user-friendly marketplace enhances the experience for both solution providers and their customers, facilitating more transactions. Choosing a platform that offers an intuitive interface, efficient search functions, and easy product management can reduce technical barriers, boost profitability and maximize returns from technical infrastructure investments.

    “Marketplaces are becoming indispensable to managed service providers (MSPs) to scale more efficiently, tap into valuable customer insights, and drive new revenue streams,” said Larry Walsh, CEO and chief analyst at Channelnomics. “Our survey’s findings highlight the growing importance of digital sales platforms in transforming go-to-market strategies and optimizing the customer experience. As digital commerce evolves, MSPs should embrace these platforms to ensure long-term growth and profitability.”

    To learn more, download the Digital Sales Evolution in the Channel report here.

    About Pax8
    Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 35,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.
    Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

    About Channelnomics
    Channelnomics is a global analyst and research firm that helps technology vendors and service providers fine-tune their channels, win customers, and sharpen their competitive edge. The company offers a portfolio of best-in-class products and services, including research, market analysis, thought-leadership content, and expert guidance. The innovative analysts at Channelnomics leverage data to develop customized route-to-market strategies for any client that wants to translate vision into value.

    Visit us: http://www.channelnomics.com 
    Follow us: @channelnomics (LinkedIn | X (formerly Twitter) | YouTube)
    Contact us: info@channelnomics.com

    Media Contact:
    Kristen Beatty
    Sr. Director of Public Relations
    kbeatty@pax8.com

    The MIL Network –

  • MIL-OSI: Commvault Joins the Pax8 Marketplace to Bring Enterprise Data Protection to SMBs

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced that Commvault, a leader in cyber resilience and data protection solutions for hybrid cloud organizations, has joined the Pax8 Marketplace. Commvault Cloud is the solution that unifies all the company’s SaaS and software offerings on one platform built to meet the demands of the hybrid organization at the lowest total cost of ownership (TCO). Commvault Cloud combines cloud-based data security with rapid, enterprise-scale recovery and the industry’s most advanced AI to secure data anywhere it lives.

    “The addition of Commvault underscores our continued commitment to bring enterprise-level solutions to our managed service providers to deliver to their small to midsized business customers,” said Ryan Burton, Vice President of Marketplace Vendor Strategy at Pax8. “In addition to being the only vendor partner in Pax8’s Marketplace to backup Salesforce, Commvault Cloud can protect the broadest set of cloud, on-prem and hybrid environments and applications, including Microsoft Dynamics and Microsoft Entra ID, which will provide the flexibility and configurability that our partners want in a data protection solution.”

    Commvault Cloud unifies data protection and management in one single solution for a comprehensive set of workloads. The benefit to SMB customers includes having complete control over where their data is stored, with the option to select a country that maps back to a Microsoft Azure or Oracle Cloud Infrastructure (OCI) region that allows for in-country data residency. In addition, Commvault offers unparalleled flexibility, allowing customers to choose which data resides in primary or secondary storage tiers, optimizing cost and performance.

    “MSPs are a critical component of Commvault’s channel-first strategy and a key pillar for our future business. Today, we are excited for this new partnership to have Pax8 join our growing partner ecosystem and to be listed in the Pax Marketplace,” said Alan Atkinson, Chief Partner Officer, Commvault. “Through this partnership, Pax8’s growing global MSP community will now have access to the Commvault Cloud Platform, arming them with an industry-leading suite of solutions that will enhance their customers’ cyber resilience.”

    Commvault’s commitment to innovation and flexibility helps ensure that MSPs can deliver top-tier data protection services to small businesses, empowering them with the same level of security and control as large enterprises – all while reducing risk, minimizing downtime, and managing costs.

    Commvault is a Diamond sponsor and exhibitor at Pax8’s partner event, Beyond Berlin, October 13-15 at the InterContinental Berlin.

    About Pax8
    Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 35,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.

    Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

    Pax8 Media Contact:
    Kristen Beatty
    Sr. Director of Public Relations
    kbeatty@pax8.com

    The MIL Network –

  • MIL-OSI: AI Powered Web3 wallet with chatGPT UI revolutionizing crypto trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 14, 2024 (GLOBE NEWSWIRE) — Armor Wallet unveils a next generation crypto wallet, powered by AI to supercharge crypto investing. It utilizes a chatGPT style text-to-prompt interface allowing users to type how they want to invest, buy, sell, DCA and more. The integrated AI agents execute your request without the user having to learn complex interfaces or understand crypto and financial jargon .Armor simplifies the often very complex and technical world of crypto investing.

    This wallet is solving one of the biggest problems in crypto. The ability to easily buy, sell, research and trade tokens and track your history, profit, loss and current position. If a person can type in plain english what they want to do, then Armor AI will turn it into a trade or asks additional questions to finalize the trade.

    “Buy $500 worth of Bitcoin.” The AI will find the best price of Bitcoin, place the order (spot price) and fill the order at once. Or maybe you want to wait to buy bitcoin in case the price lowers. Then you can ask “Buy $500 of bitcoin whenever it is down 10%. Armor will watch the market constantly and if the price of bitcoin goes down, it will place the order, anytime night or day.

    Armor Wallet is like having a broker or trading desk in your pocket. It can place very complex trades like dollar cost averaging over months, setup buy limits or sell on a given day and much more.

    The use of AI is to make investing simple and understandable for beginners, but it also benefits professional traders, giving them new tools to make very complex trades and do crucial market research. From scheduling future trades based on market conditions to understanding their past performance better, AI is a new tool for all types of investors.

    Armor Wallet’s AI is trained on Web3 culture as much as investing techniques and vocabulary. This gives the AI an edge in understanding the current trends and narrative that is critical when investing in crypto which is largely trend and narrative based. Armor can also be used with X (formerly Twitter) analyzing twitter accounts to better guidance to investors on new and popular tokens.

    Armor’s use of AI is not designed to try and forecast future crypto prices, it’s built to help users trade better, faster and put powerful trading tools into the hands of everyone with one simple and easy chat based interface. If everyone can easily invest in crypto like a pro we can onboard the next billion users and solve one of the biggest challenges in the space.

    AI is starting to benefit our daily lives and Armor Wallet is harnessing this powerful tool to make crypto investing safer, easier and more profitable than ever before.

    About

    Armor Wallet is an AI powered crypto wallet and trading assistant supporting multiple blockchains to make investing simple and safe. Bringing all your investing data together and managed by an intuitive chatGPT style interface, you have a complete overview of your portfolio. By utilizing AI Agents, Armor Wallet helps you do better research, avoid scams and create sophisticated trades that can execute 24/7.

    You can follow the project and stay up to date with its development at these links: Website | X (Twitter) | Telegram | Discord

    Contact Details:

    Stefan Savevski
    stefan@armorwallet.ai

    Disclaimer: This content is provided by “Armor”. 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.

    Photo accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a75f7dee-b38d-49ee-9b61-8cb69f7cad47

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33647cb4-7ab5-447a-9081-f60f95e03220

    The MIL Network –

  • MIL-OSI USA: National Tripartite Alliance remains strong during changes

    Source: US International Brotherhood of Boilermakers

    Amid a time of significant change within the Boilermakers union, newly elected International President Tim Simmons set the tone for the 37th MOST National Tripartite Alliance conference held near San Diego Aug. 26-29.  Simmons gave a powerful message, emphasizing the union’s perseverance and the need to serve the members. 

    Simmons acknowledged recent news about indictments handed down by the Department of Justice and the federal investigation into the union, as well as the unprecedented changes in the union’s leadership.

     “We have a constitution that directs us…and we have followed the [Boilermakers union] constitution faithfully. We have made other changes, which our members have appreciated, our contractors have applauded and that have strengthened our organization.”

    He upheld that the union’s future is secure, while also recognizing that the path forward will likely not be without challenges. Simmons pointed to the Boilermakers’ history in steam and the doom that lay over the union when the locomotive steam engine was replaced by diesel—eliminating the bread-and-butter work of many Boilermakers. 

    “It was the dedication and adaptability of union Boilermakers that allowed us as an organization to change course and redirect our resources into new industries and technologies,” he said. “That same determination is alive and well today.”

    He also reaffirmed his commitment to working together with the International Executive Council, staff, local lodge leaders and members to press forward and ensure Boilermakers continue to be the skilled craftspeople contractors and owners know and trust to man their projects. 

    “We are here to listen to each other’s concerns and put our heads together to plot a path forward,” Simmons said. “We owe this to you, and we owe it to our brothers and sisters in the field who want to be able to provide for their families. 

    “The Boilermakers union has faced storms before, and we will do so again—but we will persevere. We were forged by those generations that came before us, and we will build on their foundation to make better the lives of those who come after us.”

    Sonya Bohmann, Executive Director of the Construction Industry Alliance for Suicide Prevention, underscored the critical issue of elevated suicide rates within the construction sector. Notably, the industry’s suicide rate is four times higher than the national average, making it the second highest among U.S. industries. Bohmann emphasized the importance of understanding mental health as a continuum, where individuals may fluctuate between thriving and struggling due to various life events. 

    She advocated for viewing mental health challenges as illnesses, rather than as moral failings. She highlighted that until the 1970s, suicide was considered a crime, leading to stigmatizing language that persists today. 

    Several factors contribute to the heightened suicide risk in construction, including high stress levels, demanding work conditions, and a culture that often stigmatizes seeking help. Additionally, the industry employs a significant number of veterans, who may face challenges stemming from combat-related traumas, further elevating the risk. 

    To address these challenges, CIASP is dedicated to creating a zero-suicide industry by providing resources and tools for suicide prevention and mental health promotion in construction. Bohmann advocates for peer-to-peer support, fostering social connectedness, and encouraging leadership to prioritize mental health alongside safety. She also stresses the importance of open conversations about mental health, suggesting that simple actions like checking in with colleagues or sharing supportive messages can make a significant difference.

    For immediate assistance, individuals can contact the 988 Suicide & Crisis Lifeline, which offers 24/7 access to trained crisis counselors. 

    Nuclear energy is gaining momentum on Wall Street, signaling a shift in this long-overlooked sector, according to Hilary Lane, Director of Fuel and Radiation Safety at the Nuclear Energy Institute. With 94 reactors across 53 U.S. sites, nuclear power provides about 18% of the nation’s energy and nearly half of its clean electricity. Its efficiency is notable, with a power capacity factor over 90%, far exceeding wind and solar’s 25-30%.

    The recent completion of Vogtle Units 3 and 4 in Georgia, each at 1,100 MW, marks a significant milestone for the industry. Looking ahead, nuclear capacity is expected to triple from 100 gigawatts to 300 gigawatts over the next 25 years, driven by advanced nuclear technologies. These range from micro-reactors to large-scale reactors capable of powering cities.

    Beyond electricity, advanced nuclear can produce hydrogen and provide industrial process heat. Sectors like data centers, oil and gas and artificial intelligence are exploring nuclear energy to meet their growing energy needs. Projects such as TerraPower in Wyoming, which is converting coal plants to nuclear, and X-energy in Texas, which is collaborating with Dow Chemical, highlight nuclear’s industrial potential.

    Federal support for nuclear is increasing, with new legislation and tax credits boosting the sector. Bipartisan backing at the state level is also rising, with many states lifting restrictions and exploring ways to accelerate nuclear energy’s growth.

    MOST Programs Administrator Mark Garrett shared training updates and changes to drug testing and OSHA 10. He said that he’s spoken with apprentice coordinators in different areas and is informed about those who are coming into the union who may already have an OSHA 10 certificate. If he can verify a member has passed OSHA 10, they don’t need to retake it. 

    “It streamlines the process and gets people to your jobsites,” he said. 

    Garrett also said that in July, the MOST Board of Trustees decided to remove testing for marijuana metabolites. He said if a contractor or owner requests this testing, it’s still available.

    Garrett said the new mental health program introduced last year has received positive feedback. “I feel like we can’t talk enough about the mental health program.” 

    Caucus reports delivered by chairmen representing each sector of the tripartite alliance detailed opportunities for improvement, but also praised successes. John Burnett with Chevron, chairman of the owners’ caucus, kicked off the reports noting several areas of importance to improve safety: hands-free standard for bolting, rigging training specific to the type of work to be performed, drug testing policies and concerns about opioid use, ongoing focus on significant injuries and fatalities, and attention to detail in permitting. 

    The owners’ caucus also identified staffing and productivity, quality and access requirements as topics to address.

    “We need more up-front discussions about manpower availability and experience, especially at the local level,” Burnett said. “We need more transparency on per diem to obtain quality craftsmen. And contractors should continue to raise the level of expectations. It’s something the owners are passionate about.”

    Owners had a frank discussion about quality, manpower, availability and experience. Burnett stressed the need for transparency in communicating needs among the owners, contractors and Boilermakers to ensure the best quality of work is produced. 

    Reporting for the contractors’ caucus was chairman Mike Bray, Senior Executive Consultant for Riggs Distler and Company, Inc. The caucus homed in on the need to understand referral rules, the need for open solicitation to man smaller work projects and the need for selectivity. Bray said contractors also want to better understand the M.O.R.E. Work Investment Fund—what’s available to help win work and how to go about utilizing the M.O.R.E. Work program.

    Training was also tops on their list, and Bray called for more or updated confined space training (some jobsites don’t accept MOST programs’ certification), advanced training on robotics, use and care of cordless tooling, and torquing and tension training. Also, he said, training is needed in new technology.

    “With new technology, we really have to train our people to get involved, to get into the scheduling and costing aspects of the business so that we can use Boilermakers on these jobs,” Bray said.

    Anthony Howell, AAIP and Executive Director-Construction Sector Operations, represented the labor caucus as chairman.

    Dovetailing with earlier reports, he began with the issue of travel cost and expenses Boilermakers incur to man projects, and he explained that being able to use per diem to offset those costs could make a big impact on recruiting.

    “It’s the first question they ask before they know anything else about us or the job: What’s the per diem?” he said.

    And, he said, the caucus also identified a need for better communication about the M.O.R.E. Work Investment Fund resources.

    “I spoke with some of the owners yesterday, and they told me how they appreciate how hard Boilermaker business managers and reps worked to respond to their needs,” he said. 

    “Anything that can be done to spread out work is good,” Bray said. “Those who are doing that are getting better manpower fulfillment.”

    The National Association of Construction Boilermaker Employers is 49 years old and continues to evolve by identifying and solving safety concerns. NACBE Executive Director Ron Traxler detailed programs offered by the organization, which was began as the result of tripartite discussions to address issues.

    “We’re like a three-legged stool,” Traxler began. “NACBE remains committed to our partnership. We do have a partnership with the IBB. We are stronger together. We all know that there have been some changes, but that’s what we do, we maximize on our strengths. We are stronger together and we must continue to work together.”

    He noted that combined, 417 years of experiences sits on the NACBE Board of Directors. He stressed the importance of being involved in the organization and its programs, especially those involved with safe working conditions. 

    “Safety is paramount, and we collaborate with MOST to educate and develop programs,” Traxler said. “We all need a safe work environment.”

    MIL OSI USA News –

  • MIL-OSI: Rihanna’s “Goodnight Gotham” Acquisition by Music Licensing, Inc. (OTC: SONG) Unlocks Significant Royalty Opportunities Across Global Platforms

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Oct. 14, 2024 (GLOBE NEWSWIRE) — Rihanna’s hit track “Goodnight Gotham” has become a key asset in the expanding portfolio of Music Licensing, Inc. (OTC: SONG), following the company’s acquisition of the sound recording rights to the song. This strategic move complements Music Licensing, Inc.’s prior acquisition of the publishing rights to “Goodnight Gotham,” providing the company with comprehensive control over one of the most celebrated works by the globally renowned artist. With over 250 million records sold and 14 Billboard No. 1 hits, Rihanna’s catalog is a valuable asset in the global music rights market, and this acquisition positions Music Licensing, Inc. as a significant player in this fast-growing sector.

    The sound recording rights will continue to be administered by Universal Music Group (EURONEXT: UMG) (OTC: UNVGY) (OTC: UMGNF), while the publishing rights are administered by Kobalt Music Group. By securing both the sound recording and publishing rights, Music Licensing, Inc. (OTC: SONG) now holds a full stake in the work, opening up diverse revenue streams from multiple platforms and media channels.

    Value Proposition for Shareholders

    This acquisition is a milestone for Music Licensing, Inc. (OTC: SONG), as it underscores the company’s commitment to acquiring high-value, royalty-generating assets that promise consistent and scalable income. The ownership of both sound recording and publishing rights unlocks multiple revenue opportunities, ensuring Music Licensing, Inc. can capitalize on every instance of “Goodnight Gotham” being played, streamed, or licensed.

    Revenue Streams Across Global Platforms

    The acquisition allows Music Licensing, Inc. to generate income across various platforms, including:

    • Streaming Services: Royalties from top digital streaming platforms such as Spotify, Apple Music, Amazon Music, Deezer, Tidal, Tencent Music, and SoundCloud, ensuring consistent revenue from millions of listeners worldwide.
    • Social Media and Short-Form Video: Revenue generated through platforms like TikTok and Instagram, where music is an integral part of user-generated content, presents further monetization opportunities for “Goodnight Gotham” through sync and performance royalties.
    • Radio and Broadcast: Income from the song’s airplay on traditional and digital radio platforms, including iHeartMedia and SiriusXM, provides another consistent stream of royalties through public performance.
    • Synchronization (Sync) Licensing: High-value opportunities arise from licensing “Goodnight Gotham” for use in films, TV shows, commercials, and video games. Rihanna’s widespread appeal makes this track a strong candidate for premium sync placements, driving significant revenue.

    By owning both forms of intellectual property—sound recording and publishing—Music Licensing, Inc. (OTC: SONG) is in a unique position to maximize revenue from “Goodnight Gotham” across these diverse platforms.

    Strategic Growth Opportunity

    As global music consumption continues to rise, particularly through digital and streaming platforms, the acquisition of “Goodnight Gotham” gives Music Licensing, Inc. a valuable asset that offers steady, long-term revenue potential. The music rights industry is experiencing rapid growth, with expanding digital platforms and new technologies creating broader opportunities for music consumption and monetization. For shareholders, this acquisition represents a strategic entry into one of the most scalable sectors in entertainment, positioning Music Licensing, Inc. for sustainable growth and enhanced shareholder value.

    With platforms like Spotify, Apple Music, Deezer, Tidal, and more continuing to experience growth in user engagement and content demand, the value of rights to works like “Goodnight Gotham” will only increase, solidifying Music Licensing, Inc.’s role as a key player in the music rights and intellectual property space.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as artificial intelligence (A.I.) created music.

    Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication.

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

  • MIL-OSI: Magnus Andersson announces his intention to leave Terranet in early 2025

    Source: GlobeNewswire (MIL-OSI)

    Terranet’s CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry.

    “Magnus has successfully led the development and commercialization work in Terranet and the company has delivered according to plan. It is of course sad that Magnus has chosen to leave the company. While the company has executed on the existing plan, we are now entering the next phase of the commercialization work. Magnus will assist with the handover when a new CEO is in place,” says Terranet’s Chairman of the Board Torgny Hellström.

    A recruitment process to find a successor has been initiated.

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person below on 14 October 2024, at 15.30 CET.

    For more information, please contact:        
    Torgny Hellström, Chairman of the Board        
    E-mail: torgny.hellstrom@terranet.se

    About Terranet AB (publ)
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.

    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: http://www.terranet.se

    Certified Adviser till Terranet är Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

    Attachment

    The MIL Network –

  • MIL-OSI: ManTech Appoints Michael Biddick Vice President of Enterprise Program Management, Standards and Quality Assurance

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Oct. 14, 2024 (GLOBE NEWSWIRE) — ManTech, a leading provider of AI and mission-focused technology solutions, has named Michael Biddick Vice President of Enterprise Program Management, Standards and Quality Assurance.

    Biddick joins ManTech with a distinguished, two-decade career focused on client satisfaction and technology consulting. At ManTech he will accelerate enterprise-wide excellence in program execution and quality assurance aligned with strategy and technology, including digital transformation, AI/ML, cybersecurity and IT.

    “With a 25-year track record of proven expertise in tech consulting and entrepreneurship, Michael excels at building high-performing teams leveraging technology-enabled capabilities, software tools, effective performance measures and indicators to support client and program requirements,” said ManTech Executive Vice President & Chief Performance Officer Bonnie Cook.

    Prior to ManTech, Biddick worked at Gartner, Inc., as the Vice President and Managing Partner leading the national security consulting business, overseeing the growth and delivery of applied research solutions across the community. Prior to Gartner, Biddick founded and served as CEO of Fusion PPT, an award-winning IT consulting company. He also served as Chief Technology Officer of Windward, a successful IT consulting startup venture, and as Strategic Enterprise Network Consultant at Booz Allen Hamilton.

    Biddick holds a Master’s degree from the Johns Hopkins University Cary Business School and an undergraduate degree in Political Science and African American Studies from the University of Wisconsin.

    About ManTech  
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 55 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at http://www.mantech.com.

    Media Contact: 
    Jim Crawford 
    ManTech 
    Executive Director, External Communications 
    (M) 703-498-7315
    James.Crawford2@ManTech.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e4fe903-5d95-4b83-b202-52ba6550b5da

    The MIL Network –