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Category: Technology

  • MIL-OSI: Bitget Protection Fund Surges over 140% Since Inception Hits All Time High of $725M

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 11, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a May 2025 report for its user security fund called the Protection Fund, which hit a new peak valuation of $725.1 million in May, marking its highest level since inception. The fund, designed to safeguard user assets in extreme market conditions, showed steady growth throughout the month, with an average monthly valuation of $673.5 million.

    Originally launched with a $300 million reserve, the fund has grown by over 140%, aligned with the appreciation of BTC holdings and Bitget’s strategic focus on market insurance. The fund’s value fluctuates in accordance with the price of Bitcoin, with May’s performance boosted by BTC trading above $110,000 on multiple occasions.

    Graph of Bitget Protection Fund Valuation in May 2025

    This level of capital reserve positions Bitget among the top exchanges globally in terms of user asset security through on-chain protection mechanisms.

    As volatility continues to define the broader crypto environment, the rise in fund valuation serves as a key signal of resilience. The increase shows the effectiveness of holding reserves in BTC and the confidence in the long-term fundamentals of the asset.

    Bitget continues to publicly disclose regular snapshots of the Protection Fund wallet to maintain transparency. The reserve remains untouched and unleveraged, offering users a layer of reassurance against incidents such as platform breaches, asset freezes, or unforeseen events affecting trading integrity.

    Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its multi-million dollar Protection Fund and over 100% Proof of Reserves.

    With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification asserting best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.

    With institutional and retail attention on risk management intensifying, the growing scale of Bitget’s Protection Fund is an integral part of the platform’s strength.

    For more information and monthly updates on the Protection Fund, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5caed623-6b6b-4367-a1a4-ffa96d2e6b77
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8c50cc5f-fe7c-4ec0-a781-70fb01e2c519

    The MIL Network –

  • MIL-OSI Global: Uganda’s tax system is a drain on small businesses: how to set them free

    Source: The Conversation – Africa – By Adrienne Lees, Researcher, Institute of Development Studies

    Uganda is one of the countries most exposed to recent cuts in international aid, particularly with the dissolution of the US Agency for International Development (USAID). In 2023, about 5% of gross national income – a measure of a country’s total income, including income from foreign sources – was received in aid.

    The cuts have given new impetus to the drive to increase taxes raised from domestic businesses.

    Less than half (45%) of the Ugandan budget is financed through domestic revenue. The remainder is funded largely through debt and budget support (grants) from bilateral and multilateral donors. Corporate income tax makes up around 8% of total domestic revenue. Firms also collect employee income tax (pay-as-you-earn), value added tax, excise duties and fuel duties.

    Small and medium-sized enterprises (SMEs) contribute a small share of overall corporate income tax collection. But they make up over 90% of the private sector. The economy is heavily reliant on these firms for employment and growth.

    These businesses struggle to navigate an increasingly complex tax system.

    The complexity of Uganda’s tax system makes for a time-consuming tax filing process, compounded by low taxpayer knowledge and high levels of distrust in the Uganda Revenue Authority. The time, money and effort incurred by taxpayers to meet their tax obligations adds to their total tax burden.

    These compliance costs also have real economic consequences. Firms might miss out on tax benefits or artificially constrain business growth to avoid greater reporting requirements. Since smaller firms are more constrained in their ability to document revenues, accurately calculate tax liabilities and file returns, they might even pay more tax than necessary.

    At the margin, compliance costs affect the economic choices people make: the fear of high compliance costs might induce a potential entrepreneur to take a salaried job instead of starting a new business.

    Relieving this burden could unlock greater productivity and growth, and encourage innovation and investment.

    For my PhD in economics I collaborated with the Uganda Revenue Authority to generate detailed measures of tax compliance costs, using data from a survey of nearly 2,000 taxpaying SMEs. My research finds that the burden of compliance is significant, even for firms with very little tax revenue to contribute.

    Solutions should focus on making compliance easier and ensuring that tax thresholds are set appropriately to exclude unproductive small firms.

    The burden

    The median firm faces total annual compliance costs of about US$800, equivalent to just under 2% of turnover. These costs are also highly regressive: smaller firms face costs exceeding 20% of turnover, versus less than 1% for the largest firms.

    A more troubling result is that many firms, and particularly smaller ones, spend more on completing their tax returns than they pay in actual income tax.

    Much of this burden stems from labour time. Employees and firm owners dedicate over 30 hours a month on compliance-related activities, primarily compiling tax documentation and preparing returns. For firm owners personally involved in tax compliance, this responsibility consumes around 20% of their working hours, on average.

    Somewhat surprisingly, the amount of time spent on tax compliance does not increase significantly with firm size.

    To compensate for limited tax knowledge, many firms use the services of a tax agent. These include external accountants, consultants, or other tax specialists who assist with tax compliance. My research finds that the use of agents is common across all taxpayer categories and is primarily driven by a desire to ensure proper compliance, rather than to minimise tax liabilities.

    Although these agents do not necessarily reduce compliance costs, since firms spend an average of US$54 per month on agents’ fees, related research shows that they have a broadly positive impact on the quality of tax returns submitted.

    What can be done

    The Ugandan parliament recently voted on the 2025 tax amendment bills, with measures aiming to bolster revenue collection and simplify compliance. For instance, policymakers propose to use the national identity document as a taxpayer identification number, rather than requiring separate tax registration.

    But policymakers should consider bolder actions.



    Read more:
    Uganda’s tax system isn’t bringing in enough revenue, but is targeting small business the answer?

    Firstly, the administrative thresholds for corporate income tax and presumptive tax (a simplified tax on business income for the smallest firms) have not been adjusted for over a decade. In a high inflation environment, this means that the tax system is capturing many firms with very little profit, and no tax to pay. Yet, these firms still bear compliance costs, and the revenue service incurs administrative costs registering and monitoring unproductive taxpayers.

    Roughly 30% to 35% of firms filing returns each year file a nil return, meaning that they report zero on all significant fields of the tax return. Even these firms report compliance costs of, on average, around US$500 per year.



    Read more:
    Uganda study shows text messages can boost tax compliance: here’s what worked

    Rather than chasing the “little guy”, bigger revenue gains are likely to come from focusing on the largest businesses. For instance, research shows that tax incentives and exemptions cost Uganda over US$40 million in lost revenue per year.

    Secondly, the Ugandan corporate income tax return is particularly long, complex, and more suited to the business structure of very large firms, rather than the SMEs making up most of the Ugandan economy. In addition to changing the thresholds, simplifying the return would be beneficial.



    Read more:
    Wealthy Africans often don’t pay tax: the answer lies in smarter collection – expert

    Filing processes could also be eased through automated pre-filling, for instance by using information from a firm’s monthly VAT returns to pre-populate parts of the corporate income tax return. The rollout of the Uganda Revenue Authority’s electronic invoicing system for VAT is a promising step in this direction, although it has been met with resistance by taxpayers.

    Adrienne Lees receives funding from the International Centre for Tax and Development (ICTD). Through the ICTD, the research described in this article has been supported by the UK Foreign, Commonwealth and Development Office, the Norwegian Agency for Development Cooperation and the Gates Foundation.

    – ref. Uganda’s tax system is a drain on small businesses: how to set them free – https://theconversation.com/ugandas-tax-system-is-a-drain-on-small-businesses-how-to-set-them-free-258120

    MIL OSI – Global Reports –

  • MIL-OSI: Europe Builds AI Infrastructure With NVIDIA to Fuel Region’s Next Industrial Transformation

    Source: GlobeNewswire (MIL-OSI)

    • France, Italy and the United Kingdom Support Regional Technology and Cloud Providers Domyn, Mistral AI, Nebius and Nscale to Deploy More Than 3,000 Exaflops of NVIDIA Blackwell Systems for Sovereign AI
    • NVIDIA to Build AI Factory in Germany to Accelerate Industrial Manufacturing Applications in Europe
    • European Telcos Fastweb, Orange, Swisscom, Telefónica and Telenor Build AI Infrastructure With NVIDIA, Enabling Enterprises to Adopt and Build Agentic AI Applications
    • European Enterprises, Startups and Public Sector to Harness Regional NVIDIA Infrastructure to Develop and Deploy Agentic and Physical AI
    • NVIDIA Establishes AI Technology Centers Across Continent to Advance Research, Upskill Workforces and Accelerate Scientific Breakthroughs

    PARIS, June 11, 2025 (GLOBE NEWSWIRE) — —NVIDIA GTC Paris at VivaTech—NVIDIA today announced it is working with European nations, and technology and industry leaders, to build NVIDIA Blackwell AI infrastructure that will strengthen digital sovereignty, support economic growth and position the continent as a leader in the AI industrial revolution.

    France, Italy, Spain and the U.K. are among the nations building domestic AI infrastructure with an ecosystem of technology and cloud providers, including Domyn, Mistral AI, Nebius and Nscale, and telecommunications providers, including Orange, Swisscom, Telefónica and Telenor.

    These deployments will deliver more than 3,000 exaflops of NVIDIA Blackwell compute resources for sovereign AI, enabling European enterprises, startups and public sector organizations to securely develop, train and deploy agentic and physical AI applications.

    NVIDIA is establishing and expanding AI technology centers in Germany, Sweden, Italy, Spain, the U.K. and Finland. These centers build on NVIDIA’s history of collaborating with academic institutions and industry through the NVIDIA AI Technology Center program and NVIDIA Deep Learning Institute to develop the AI workforce and scientific discovery throughout the regions.

    “Every industrial revolution begins with infrastructure. AI is the essential infrastructure of our time, just as electricity and the internet once were,” said Jensen Huang, founder and CEO of NVIDIA. “With bold leadership from Europe’s governments and industries, AI will drive transformative innovation and prosperity for generations to come.”

    “France is committed to investing in AI to strengthen our economy, benefit our citizens and uphold our values,” said Emmanuel Macron, president of the French Republic. “By working closely with our nation’s leading technology innovators and NVIDIA, we are equipping researchers, entrepreneurs and public institutions with the tools they need to explore new ideas, tackle complex challenges and help shape the future of AI for France.”

    “Just as coal and electricity once defined our past, AI is defining our future,” said U.K. Tech Secretary Peter Kyle. “NVIDIA’s expansion of its technology center here in the U.K. will be vital in helping us to deliver on our AI ambitions, and their partnership in building the capabilities that will transform our AI Growth Zones into engines of opportunity. This is our Plan for Change in action, bringing together leading innovators to build the compute infrastructure that will drive growth across every region and secure the U.K.’s place as a global AI leader in the age of AI.”

    “This agreement represents a strategic step toward strengthening Italy’s technological sovereignty and ensuring that our businesses have secure and competitive access to data management,” said Minister of Enterprise and Made in Italy Adolfo Urso. “The collaboration with top-tier partners such as NVIDIA and Domyn confirms the government’s commitment in supporting high-level alliances to foster innovation and the competitiveness of the national production system.”

    Building Europe’s Foundation for AI Infrastructure and Innovation
    Building AI infrastructure requires strategic investment in advanced systems, land and facilities, sustainable energy access, skilled experts and partnerships. To accelerate the development of these national resources, NVIDIA is working with leaders across France, the U.K., Germany and Italy.

    In France, Mistral AI is working with NVIDIA to build an end-to-end cloud platform powered by 18,000 NVIDIA Grace Blackwell systems in the first phase, with plans to expand across multiple sites in 2026. This infrastructure will enable organizations across Europe to quickly develop and deploy AI using optimized Mistral AI models and validated AI factory designs, accelerating the adoption of agentic AI applications.

    In the U.K., NVIDIA is collaborating with NVIDIA Cloud Partners Nebius and Nscale to unlock advanced AI capabilities for enterprises and businesses of all sizes. At London Tech Week, the cloud providers announced the first phase of their AI infrastructure development plans to deploy 14,000 NVIDIA Blackwell GPUs to power new data centers, making scalable, secure AI infrastructure widely accessible across the U.K.

    In Germany, NVIDIA and its partners are building the world’s first industrial AI cloud for European manufacturers. This AI factory will be powered by NVIDIA DGX™ B200 systems and NVIDIA RTX PRO™ Servers featuring 10,000 NVIDIA Blackwell GPUs to enable Europe’s industrial leaders to accelerate every manufacturing application, from design, engineering and simulation to factory digital twins and robotics.

    In Italy, NVIDIA is working with Domyn and the government to advance the nation’s sovereign AI capabilities. Domyn is developing its Domyn Large Colosseum reasoning model on its supercomputer, Colosseum, with NVIDIA Grace Blackwell Superchips, in alignment with its mission to support regulated industries in adopting AI.

    European Telcos Build AI Infrastructure With NVIDIA for Regional Enterprises
    NVIDIA is also working with leading European telecommunications providers — including Orange, Fastweb, Swisscom, Telefónica and Telenor — to develop secure, scalable sovereign AI infrastructure across the region.

    • Orange is accelerating the development of enterprise-grade AI, including agentic AI, large language models and personal AI assistants, using Orange Business’ Cloud Avenue, built on high-performance NVIDIA infrastructure.
    • Fastweb introduced MIIA — an Italian language model to support generative AI applications — trained and running on its NVIDIA DGX AI supercomputer.
    • Telenor is expanding its sovereign AI infrastructure in Norway with a new, renewable-powered data center, in addition to hosting a partner’s multilingual AI translation service, available in over 100 languages.
    • Swisscom is launching new AI services, including GenAI Studio and AI Workhub hosted on its sovereign AI NVIDIA DGX SuperPOD™-based infrastructure, empowering Swiss enterprises to rapidly build and scale AI applications.
    • Telefónica is piloting a distributed edge AI fabric across Spain with hundreds of NVIDIA GPUs to deliver low-latency, privacy-focused AI services.

    These collaborations enable enterprises to develop and deploy customized AI models and agentic applications at scale, tapping into telcos’ extensive networks and trusted role as critical infrastructure providers.

    NVIDIA AI Technology Centers Fuel Research, Upskilling and Scientific Progress
    NVIDIA is establishing and expanding technology centers in Germany, Sweden, Italy, Spain, the U.K. and Finland to accelerate AI skills development, research and infrastructure for the continent’s enterprises and startups.

    • The Bavarian AI center in Germany, intended to be established in collaboration with the Bayern KI consortium, will advance research in fields including digital medicine, stable diffusion AI and open-source robotics platforms to foster global collaboration.
    • The Sweden AI center will advance world-class AI research with support from NVIDIA experts and hands-on NVIDIA Deep Learning Institute training to help with upskilling.
    • The Italy AI center will expand to include new AI factory deployments with the CINECA consortium.
    • The Spain AI center will expand to include a new AI factory with the Barcelona Supercomputing Center.
    • The U.K. AI center will accelerate the U.K.’s most groundbreaking research in embodied AI, materials science and Earth systems modeling.
    • The Finland AI center enables researchers to accelerate AI research and applications for computer vision, machine learning and AI for science.

    These strategic initiatives across Europe build on NVIDIA investments in building AI infrastructure worldwide, including in Taiwan and the Middle East.

    Watch the NVIDIA GTC Paris keynote from Huang at VivaTech, and explore GTC Paris sessions.

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

    For further information, contact:
    Corporate Communications
    NVIDIA Corporation
    press@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: with bold leadership from Europe’s governments and industries, AI driving transformative innovation and prosperity for generations to come; technology development in European nations; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX, NVIDIA DGX SuperPOD and NVIDIA RTX PRO are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1aeac85d-7ea3-4ada-98c2-c199a10e8d84

    The MIL Network –

  • MIL-OSI: NVIDIA Partners With Europe Model Builders and Cloud Providers to Accelerate Region’s Leap Into AI

    Source: GlobeNewswire (MIL-OSI)

    • Model Builders Across Europe — Including France, Italy, Poland, Spain and Sweden — to Deliver Sovereign Models With NVIDIA Nemotron
    • AI Models Tailored to Local Languages and Culture Coming to Perplexity, Delivered as NVIDIA NIM Microservices and Hosted on Regional AI Infrastructure From NVIDIA Cloud Partners

    PARIS, June 11, 2025 (GLOBE NEWSWIRE) — NVIDIA GTC Paris at VivaTech — NVIDIA today announced that it is teaming with model builders and cloud providers across Europe and the Middle East to optimize sovereign large language models (LLMs), providing a springboard to accelerate enterprise AI adoption for the region’s industries.

    Model builders and AI consortiums Barcelona Supercomputing Center (BSC), Bielik.AI, Dicta, H Company, Domyn, LightOn, the National Academic Infrastructure for Supercomputing in Sweden (NAISS) together with KBLab at the National Library of Sweden, the Slovak Republic, the Technology Innovation Institute (TII), the University College of London, the University of Ljubljana and UTTER are teaming with NVIDIA to optimize their models with NVIDIA Nemotron™ techniques to maximize cost efficiency and accuracy for enterprise AI workloads, including agentic AI.

    Model post-training and inference will run on AI infrastructure in Europe from NVIDIA Cloud Partners (NCPs) participating in the NVIDIA DGX Cloud Lepton™ marketplace.

    The open, sovereign models will provide a foundation for an integrated regional AI ecosystem that reflects local languages and culture. Europe’s enterprises will be able to run the models on Perplexity, an AI-powered answer engine used to answer over 150 million questions per week. Companies will also be able to fine-tune the sovereign models on local NCP infrastructure through a new Hugging Face integration with DGX Cloud Lepton.

    “Europe’s diversity is its superpower — an engine of creativity and innovation,” said Jensen Huang, founder and CEO of NVIDIA. “Together with Europe’s model builders and cloud providers, we’re building an AI ecosystem where intelligence is developed and served locally to provide a foundation for Europe to thrive in the age of AI — transforming every industry across the region.”

    Optimizing Model Accuracy and Inference Savings With NVIDIA Nemotron
    Europe — the world’s third largest economic region — is home to industries spanning manufacturing, robotics, healthcare and pharmaceuticals, finance, energy and creative.

    To accelerate the region’s AI-driven transformation, NVIDIA partners are delivering their open LLMs with support for Europe’s 24 official languages. Several models also specialize in national language and culture, such as those from H Company and LightOn in France, Dicta in Israel, Domyn in Italy, Bielik.AI in Poland, the University of Ljubljana and the Slovak Republic models, BSC in Spain, NAISS and KBLab in Sweden, TII in the United Arab Emirates and the University College London in the U.K.

    The LLMs will be distilled with NVIDIA Nemotron model-building techniques — including neural architecture search — as well as reinforcement learning and post-training with NVIDIA-curated synthetic data. These optimizations will reduce operational costs and boost user experiences by generating tokens faster during inference. The Nemotron post-training workloads will run on DGX Cloud Lepton hosted by European NCPs including Nebius, Nscale and Fluidstack.

    Developers will be able to deploy the sovereign models as NVIDIA NIM™ microservices running on AI factories — on premises and across cloud service provider platforms — using a new NIM microservice that supports more than 100,000 public, private and domain-specialized LLMs hosted on Hugging Face.

    Adding Europe’s Sovereign AI Insights to Perplexity
    Supporting AI diversity for enterprises across the region, Perplexity will integrate the sovereign AI models into its answer engine, which is used by European enterprises, publishers and organizations, including telecommunications and media giants. Perplexity uses LLMs to improve accuracy in search queries and AI outputs. The answer engine draws from credible sources in real time to accurately answer questions with in-line citations, perform deep research and complete assistive tasks.

    “Perplexity’s goal is to provide accurate, trustworthy answers to any question from any person, wherever they are,” said Aravind Srinivas, cofounder and CEO of Perplexity. “Bringing NVIDIA-optimized sovereign AI models to Perplexity empowers innovation in Europe with AI built and running in the region.”

    Availability
    The first distilled models from Europe’s model builders are expected to be available later this year.

    Watch the NVIDIA GTC Paris keynote from Huang at VivaTech and explore GTC Paris sessions.

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

    For further information, contact:
    Allie Courtney
    NVIDIA Corporation
    +1-408-706-8995
    acourtney@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: together with Europe’s model builders and cloud providers, NVIDIA building an AI ecosystem where intelligence is developed and served locally to provide a foundation for Europe to thrive in the age of AI — transforming every industry across the region; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

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

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX Cloud Lepton, NVIDIA Nemotron and NVIDIA NIM are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5fb6261-43d3-4e35-ba55-37a8fbeca57c.

    The MIL Network –

  • MIL-OSI: Talen Energy Expands Nuclear Energy Relationship with Amazon

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 11, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that it has expanded its existing nuclear energy relationship with Amazon to provide carbon-free energy from Talen’s Susquehanna nuclear power plant to Amazon Web Services (“AWS”) data centers in the region.

    Under the terms of a new power purchase agreement (“PPA”), Talen will supply electricity to Amazon for operations that support AI and other cloud technologies at Amazon’s data center campus adjacent to Susquehanna, with the ability to deliver to other sites throughout Pennsylvania. Talen and Amazon will also explore building new Small Modular Reactors (“SMRs”) within Talen’s Pennsylvania footprint and pursue expanding the nuclear plant’s energy output through uprates, with the intent to add net-new energy to the PJM grid.

    Under the expanded PPA, at the full contract quantity, Talen will provide Amazon with 1,920 megawatts of carbon-free nuclear power through 2042, with options to further extend its duration. The power delivery schedule will ramp over time, expecting to achieve the full volume no later than 2032, with the potential to meaningfully accelerate. This long-term transaction will significantly decrease Talen’s market risk and minimize its reliance on the Federal nuclear production tax credit.

    “Our agreement with Amazon is designed to provide us with a long-term, steady source of revenue and greater balance sheet flexibility through contracted revenues. We remain a first mover in this space and intend to continue to execute on our data center strategy,” said Talen President and Chief Executive Officer Mac McFarland. “Talen is well-positioned to support Amazon’s energy needs as it invests further in the Commonwealth of Pennsylvania.”

    “Amazon is proud to help Pennsylvania advance AI innovation through investments in the Commonwealth’s economic and energy future,” said AWS Vice President of Global Data Centers Kevin Miller. “That’s why we’re making the largest private sector investment in state history – $20B – to bring 1,250 high-skilled jobs and economic benefits to the state, while also collaborating with Talen Energy to help power our infrastructure with carbon-free energy.”

    The existing Susquehanna co-located load arrangement between Talen and Amazon will transition to a “front-of-the-meter” arrangement after the completion of transmission reconfigurations expected in the Spring of 2026, concurrent with Susquehanna’s refueling outage. Under the terms of the new agreement, Susquehanna will provide its carbon-free power to the PJM grid, Talen will act as the retail electric generation supplier to Amazon, and PPL Electric Utilities (“PPL”) will be responsible for transmission and delivery.

    “PPL Electric Utilities is investing in the resiliency of its transmission system so we can better serve our customers, meet growing energy demands, and ensure power is delivered reliably,” said Christine Martin, president of PPL Electric Utilities. “Connecting large load customers like data centers to our transmission system helps lower the transmission component of energy bills for all customers, as large load customers pay significant transmission charges on our network. We’re excited to be part of Amazon’s broader investment in Pennsylvania and look forward to the positive effects it can have for our customers and the local economy.”

    Strengthening Pennsylvania’s Energy Future

    The Talen and Amazon relationship will help safe, reliable nuclear energy continue to be generated at Susquehanna for years to come, maintaining its contributions to the local community and supporting Pennsylvania’s energy future while also helping to power Amazon’s AI innovation investments in the Commonwealth. Talen is a major employer and significant local taxpayer, and the agreement supports the jobs of more than 900 employees currently working at the Susquehanna facility, as well as new construction jobs.

    While Pennsylvania maintains a position as a net energy exporter, producing more power than the Commonwealth requires, Talen’s strategic partnership with Amazon will help send the necessary market signals to spur new investment in additional generation and grid modernization within the Commonwealth.

    Pennsylvania Policy and Stakeholder Support

    The following key policymakers and stakeholders expressed their support for the transaction.

    “This partnership between Talen Energy and Amazon taps into Pennsylvania’s strengths as a national energy leader and will power the largest economic development project in Commonwealth history – creating good-paying jobs, growing our economy, and ultimately adding more power to the PJM energy grid,” said Governor Josh Shapiro. “I am an all-of-the-above energy governor, and as part of my economic development plan, my Administration is working to generate even more power in the Commonwealth – with more power comes more national security, more independence, and more economic freedom. My Administration is going to continue to bring people together to attract new investment to Pennsylvania, and we stand ready to work with Talen Energy and its partners to review permits for this project as efficiently as possible.” – Pennsylvania Governor Josh Shapiro (D) 

    “Talen and Amazon’s expanded nuclear energy relationship not only strengthens the future of the Susquehanna plant and maintains its contributions to the community, but also helps to support the development of AI technology in Pennsylvania. Adding data centers that support AI strengthens American national security, provides a wide variety of economic opportunities, and positions the Commonwealth, and the U.S., as a leader in AI innovation.” – U.S. Senator Dave McCormick (R-PA)

    “I’m pleased about the economic development opportunities the Commonwealth and the Ninth District will receive thanks to Talen and Amazon’s long-term arrangement. Our communities will not only benefit from the economic development that will occur, but also from the contributions that the Susquehanna plant provides as a large employer within the district. Thank you, Talen, Amazon and PPL for working together to bring these benefits to Pennsylvania.” – U.S. Representative Dan Meuser (R-PA), who represents Pennsylvania’s 9thU.S. Congressional District

    “IBEW Local 1600 strongly supports the new transaction. Our members, friends, and families all benefit from the jobs and community growth this investment in Susquehanna will bring. This sets up a great career path for young students coming out of high school or college who are looking for a career in the electrical industry.” – John “Rusty” Clausius, President, IBEW Local 1600

    Investor Call

    Talen will host an investor call at 8:00 a.m. EDT today, Wednesday, June 11, 2025. To participate in the call, please register for the webcast via the page linked here. Participants can also join by phone by registering via the form linked here prior to the start time of the call to receive a conference call dial-in number. For those unable to participate in the live event, a digital replay will be archived for approximately one year and available on the Events page of Talen’s Investor Relations website linked here.

    About Talen

    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:

    Sergio Castro
    Vice President & Treasurer
    InvestorRelations@talenenergy.com

    Media:

    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward Looking Statements

    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network –

  • MIL-OSI: Tyton Partners Releases 2025 Time for Class Report: Institutions Rebalance Human Connection and Digital Innovation in Higher Ed

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 11, 2025 (GLOBE NEWSWIRE) — Tyton Partners, the leading strategy consulting and investment banking firm focused on education, today released Time for Class 2025: Empowering Educators, Engaging Students. Developed with generous support from the Gates Foundation and McGraw Hill Education, with additional contributions from D2L. This year’s report explores how institutions, instructors, and students are reimagining teaching and learning amid rising adoption of generative AI, evolving student expectations, and ongoing engagement challenges. 

    Based on responses from more than 3,300 students, instructors, and administrators at over 900 U.S. colleges and universities, Time for Class 2025 offers an in-depth view of digital learning in introductory and developmental courses – critical gateways to student success and persistence. 

    “Institutions recognize that digital tools expand access to learning; now, they’re increasingly focused on how to thoughtfully integrate these tools as true enablers of student success, supporting not just learning but also the relationships and experiences that drive meaningful outcomes for students,” said Catherine Shaw, Managing Director at Tyton Partners and lead author of the report. “Our research shows students and instructors want the same thing: flexibility and support, paired with human connection in the classroom.” 

    Key findings include: 

    • 5 years post-COVID-19 pandemic, modality preferences are re-norming back to face-to-face: 64% of instructors now prefer in-person teaching, up from 55% in 2023. Student preferences are shifting similarly, with 33% preferring in-person and 29% hybrid courses. 
    • Platforms must support success, not just content: Faculty who view digital tools as enablers of student success report greater satisfaction and better access to key sentiment data like student confidence or frustration with coursework. 
    • Students need more support: 48% of instructors believe academic anxiety is a top student concern. Students report low motivation and poor study habits as persistent challenges. 
    • Data gaps persist: Instructors want more insight into student sentiment and engagement, but still rely mostly on personal observations, limiting timely interventions. 
    • AI brings both value and strain: 42% of students, 30% of instructors, and 40% of administrators use generative AI tools daily or weekly. Daily users see real benefits—36% of faculty using AI daily report reduced workloads—while less frequent users say monitoring for improper AI use increases their workload. 

    “This is a pivotal and potentially existential moment for higher education institutions,” added Hadley Dorn, Principal at Tyton Partners and co-author. “Institutions and solution providers must ensure platforms empower educators with the insights and scaffolded AI experiences needed to engage today’s students.” 

    Time for Class 2025 provides actionable recommendations for institutional leaders, instructors, and solution providers, with a focus on using generative AI responsibly, improving access to student-level data, and supporting student success through intentional platform design and training. 

    Read Time for Class 2025 here.

    Media Contact
    Zoe Wright-Neil
    Director of Marketing and Business Development
    zwrightneil@tytonpartners.com
    Tyton Partners

    About Tyton Partners 
    Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. Learn more at tytonpartners.com. 

    The MIL Network –

  • MIL-OSI: Ambow Education Appoints James Bartholomew as President to Drive Growth and Strengthen Stakeholder Engagement

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 11, 2025 (GLOBE NEWSWIRE) — Ambow Education Holding Ltd. (NYSE American: AMBO), a leading global EdTech and AI-powered solutions provider, today announced the appointment of James Bartholomew as President, effective immediately.

    With more than 25 years of leadership experience spanning private education, manufacturing and transportation, Bartholomew brings a proven track record of driving growth, transformational change, operational excellence and long-term value creation. He currently leads Blue Moon Management, LLC, a boutique advisory firm specializing in business turnarounds, strategic planning and executive leadership, particularly in the education and edtech sectors.

    Most recently, Bartholomew served as Senior Vice President at Adtalem Global Education, where he led the $1.5 billion integration of Walden University and developed technology and product roadmaps across multiple business segments. Previously, as President and CEO of DeVry University, Bartholomew guided the organization through its sale to a private equity firm, spearheaded strategic redesigns to close the tech-driven skills gap and expanded the institution’s B2B partnerships.

    “We are thrilled to welcome James as we advance the growth of HybriU and scale its impact globally,” said Dr. Jin Huang, Chief Executive Officer of Ambow. “His deep expertise in educational innovation, organizational transformation and strategic execution will be invaluable as we reshape the future of learning and deliver powerful outcomes for our partners and learners.”

    Bartholomew is known for integrating robust processes with clear communication, building collaborative and diverse teams, and aligning organizations to achieve measurable results. He holds an MBA in international management from Wake Forest University.

    “I’m excited to work with Ambow at such a pivotal moment in its journey,” said Bartholomew. “I look forward to working with the team to expand HybriU’s reach and create more inroads for this breakthrough learning solution. HybriU’s capabilities go beyond the hybrid experiences we know today, making remote interactions feel remarkably close to in-person connections. Across classrooms, boardrooms and large-scale events, HybriU is building a new global network of engagement, poised to unlock a new wave of accessibility and opportunity for all.”

    Ambow operates HybriU, its flagship phygital (physical + digital) platform that is redefining what is possible in AI-driven education, corporate communications and event production. The suite of HybriU products delivers cutting-edge solutions that help institutions connect, engage and scale. Its suite of products currently includes HybriU Digital Education Solutions for universities and classrooms, as well as HybriU Conferencing for corporations. Designed for flexibility and innovation, HybriU’s expanding ecosystem supports a range of educational and corporate industries and use cases, including higher education, corporate learning and collaboration, large-scale events and emerging phygital experiences.

    About Ambow

    Ambow Education Holding Ltd. is a U.S.-based, AI-driven technology company offering phygital (physical + digital) solutions for education, corporate conferencing and live events. Through its flagship platform, HybriU, Ambow is shaping the future of learning, collaboration and communication—delivering immersive, intelligent, real-time experiences across industries. For more information, visit Ambow’s corporate website at https://www.ambow.com/.

    Follow us on X: @Ambow_Education

    Follow us on LinkedIn: Ambow-education-group

    Safe Harbor Statement

    This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

    For more information, please contact:

    Ambow Education Holding Ltd.
    E-mail: ir@ambow.com
    or
    Piacente Financial Communications
    Tel: +1 212 481 2050
    E-mail: ambow@tpg-ir.com

    The MIL Network –

  • MIL-OSI: Xunlei Announces Investee Company Completes IPO on Shanghai Stock Exchange STAR Market

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, June 11, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that its investee company, Arashi Vision Inc. (“Arashi Vision”, also known as Insta360), has completed its initial public offering on the Shanghai Stock Exchange STAR Market under the stock ticker 688775 on June 11, 2025. As of the date of this press release, Xunlei holds approximately 7.8% the equity interest in Arashi Vision.

    About Xunlei

    Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

    Safe Harbor Statement

    This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the management’s quotations, the “Outlook” and “Guidance” sections in this press release, as well as the Company’s strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company’s ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company’s ability to keep up with technological developments and users’ changing demands in the internet industry; the Company’s ability to convert its users into subscribers of its premium services; the Company’s ability to deal with existing and potential copyright infringement claims and other related claims; the risk that COVID-19 or other health risks in China or globally could adversely affect the Company’s operations or financial results; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company’s ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

    CONTACT:
    Investor Relations
    Xunlei Limited
    Email: ir@xunlei.com
    Tel: +86 755 8633 8443
    Website: http://ir.xunlei.com

    The MIL Network –

  • MIL-OSI: NVIDIA DGX Cloud Lepton Connects Europe’s Developers to Global NVIDIA Compute Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    • Mistral AI, Nebius, Nscale, Firebird, Fluidstack, Hydra Host, Scaleway and Together AI — Along With AWS and Microsoft Azure — Bring Compute Resources to DGX Cloud Lepton Marketplace to Meet AI Demand
    • Hugging Face Integrates DGX Cloud Lepton Into Training Cluster as a Service, Expanding AI Researcher Access to Scalable Compute for Model Training
    • NVIDIA and Leading European Venture Capitalists Offer Marketplace Credits to Portfolio Companies to Accelerate Startup Ecosystem

    PARIS, June 11, 2025 (GLOBE NEWSWIRE) — NVIDIA GTC Paris at VivaTech — NVIDIA today announced the expansion of NVIDIA DGX Cloud Lepton™ — an AI platform featuring a global compute marketplace that connects developers building agentic and physical AI applications — with GPUs now available from a growing network of cloud providers.

    Mistral AI, Nebius, Nscale, Firebird, Fluidstack, Hydra Host, Scaleway and Together AI are now contributing NVIDIA Blackwell and other NVIDIA architecture GPUs to the marketplace, expanding regional access to high-performance compute. AWS and Microsoft Azure will be the first large-scale cloud providers to participate in DGX Cloud Lepton. These companies join CoreWeave, Crusoe, Firmus, Foxconn, GMI Cloud, Lambda and Yotta Data Services in the marketplace.

    To make accelerated computing more accessible to the global AI community, Hugging Face is introducing Training Cluster as a Service. This new offering integrates with DGX Cloud Lepton to seamlessly connect AI researchers and developers building foundation models with the NVIDIA compute ecosystem.

    NVIDIA is also working with leading European venture capital firms Accel, Elaia, Partech and Sofinnova Partners to offer DGX Cloud Lepton marketplace credits to portfolio companies, enabling startups to access accelerated computing resources and scale regional development.

    “DGX Cloud Lepton is connecting Europe’s developers to a global AI infrastructure,” said Jensen Huang, founder and CEO of NVIDIA. “With partners across the region, we’re building a network of AI factories that developers, researchers and enterprises can harness to scale local breakthroughs into global innovation.”

    DGX Cloud Lepton simplifies the process of accessing reliable, high-performance GPU resources within specific regions by unifying cloud AI services and GPU capacity from across the NVIDIA compute ecosystem onto a single platform. This enables developers to keep their data local, supporting data governance and sovereign AI requirements.

    In addition, by integrating with the NVIDIA software suite — including NVIDIA NIM™ and NeMo™ microservices and NVIDIA Cloud Functions — DGX Cloud Lepton streamlines and accelerates every stage of AI application development and deployment, at any scale. The marketplace works with a new NIM microservice container, which includes support for a broad range of large language models, including the most popular open LLM architectures and more than a million models hosted publicly and privately on Hugging Face.

    For cloud providers, DGX Cloud Lepton includes management software that continuously monitors GPU health in real time and automates root-cause analysis, minimizing manual intervention and reducing downtime. This streamlines operations for providers and ensures more reliable access to high-performance computing for customers.

    NVIDIA DGX Cloud Lepton Speeds Training and Deployment
    Early-access DGX Cloud Lepton customers using the platform to accelerate their strategic AI initiatives include:

    • Basecamp Research, which is speeding the discovery and design of new biological solutions for pharmaceuticals, food and industrial and environmental biotechnology by harnessing its 9.8 billion-protein database to pretrain and deploy large biological foundation models.
    • EY, which is standardizing multi-cloud access across the global organization to accelerate the development of AI agents for domain- and sector-specific solutions.
    • Outerbounds, which enables customers to build differentiated, production-grade AI products powered by the proven reliability of open-source Metaflow.
    • Prima Mente, which is advancing neurodegenerative disease research at scale by pretraining large brain foundation models to uncover new disease mechanisms and tools to stratify patient outcomes in clinical settings.
    • Reflection, which is building superintelligent autonomous coding systems that handle the most complex enterprise engineering tasks.

    Hugging Face Developers Get Access to Scalable AI Training Across Clouds
    Integrating DGX Cloud Lepton with Hugging Face’s Training Cluster as a Service offering gives AI builders streamlined access to the GPU marketplace, making it easy to reserve, access and use NVIDIA compute resources in specific regions, close to their training data. Connected to a global network of cloud providers, Hugging Face customers can quickly secure the necessary GPU capacity for training runs using DGX Cloud Lepton. Mirror Physics, Project Numina and the Telethon Institute of Genetics and Medicine will be among the first Hugging Face customers to access Training Cluster as a Service, with compute resources provided through DGX Cloud Lepton. They will use the platform to advance state-of-the-art AI models in chemistry, materials science, mathematics and disease research.

    “Access to large-scale, high-performance compute is essential for building the next generation of AI models across every domain and language,” said Clément Delangue, cofounder and CEO of Hugging Face. “The integration of DGX Cloud Lepton with Training Cluster as a Service will remove barriers for researchers and companies, unlocking the ability to train the most advanced models and push the boundaries of what’s possible in AI.”

    DGX Cloud Lepton Boosts AI Startup Ecosystem
    NVIDIA is working with Accel, Elaia, Partech and Sofinnova Partners to offer up to $100,000 in GPU capacity credits and support from NVIDIA experts to eligible portfolio companies through DGX Cloud Lepton.

    BioCorteX, Bioptimus and Latent Labs will be among the first to access DGX Cloud Lepton, where they can discover and purchase compute capacity and use NVIDIA software, services and AI expertise to build, customize and deploy applications across a global network of cloud providers.

    Availability
    Developers can sign up for early access to NVIDIA DGX Cloud Lepton.

    Watch the NVIDIA GTC Paris keynote from Huang at VivaTech, and explore GTC Paris sessions.

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

    For further information, contact:
    Natalie Hereth
    NVIDIA Corporation
    +1-360-581-1088
    nhereth@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: DGX Cloud Lepton connecting Europe’s developers to a global AI infrastructure; with partners across the region, NVIDIA building a network of AI factories that developers, researchers and enterprises can harness to scale local breakthroughs into global innovation; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

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

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX Cloud Lepton, NVIDIA NeMo and NVIDIA NIM are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/168c2a8e-0342-4717-bde7-a9bdbe436c08

    The MIL Network –

  • 193 contracts, ₹1.27 lakh crore production: a decade of defence transformation

    Source: Government of India

    Source: Government of India (4)

    As the Prime Minister Narendra Modi-led NDA government completes 11 years in office, India’s defence sector marks a decade-long shift towards self-reliance, driven by focused policy interventions, enhanced budget allocations, and institutional reforms.

    The defence budget has increased from ₹2.53 lakh crore in 2013–14 to ₹6.81 lakh crore in 2025–26. The sharp rise in allocations reflects a sustained push towards capacity building and indigenisation in the sector. Over the years, a strong emphasis has been placed on developing a domestic ecosystem that supports manufacturing, innovation, and exports.

    In 2023–24, India registered its highest-ever defence production, reaching ₹1.27 lakh crore. This marks a 174 percent increase over the ₹46,429 crore recorded in 2014–15. The growth is attributed to policies promoting indigenous manufacturing and procurement.

    The Ministry of Defence signed 193 contracts worth ₹2,09,050 crore in 2024–25, the highest recorded in a single financial year. Of these, 177 contracts were awarded to domestic industries, accounting for ₹1,68,922 crore. This aligns with the government’s priority for domestic procurement under the Defence Acquisition Procedure 2020.

    To support defence manufacturing infrastructure, two dedicated Defence Industrial Corridors have been established in Uttar Pradesh and Tamil Nadu. As of February 2025, these corridors have attracted investments worth ₹8,658 crore, with 253 Memorandums of Understanding signed. The total investment potential is estimated at ₹53,439 crore.

    The government has released five Positive Indigenisation Lists, covering over 5,500 items. As of February 2025, 3,000 of these items had been indigenised. The lists include key technologies such as artillery guns, assault rifles, radars, light combat helicopters, armoured platforms, and communication systems.

    Innovations for Defence Excellence (iDEX), launched in April 2018, has played a central role in promoting innovation. Grants of up to ₹1.5 crore have been extended to startups, MSMEs, and research entities. As of February 2025, 549 problem statements have been published, with 430 contracts signed involving 619 participants. The armed forces have procured 43 items worth over ₹2,400 crore from iDEX-supported firms.

    For the financial year 2025–26, ₹449.62 crore has been allocated to iDEX, including its sub-scheme ADITI (Acing Development of Innovative Technologies with iDEX).

    Among infrastructure initiatives, the Defence Testing Infrastructure Scheme (DTIS) aims to support the creation of eight greenfield testing and certification facilities. Seven of these have already been approved, focusing on domains such as electronic warfare, unmanned systems, and communication technologies.

    Foreign Direct Investment (FDI) in the defence sector was liberalised in September 2020. The policy now permits up to 74 percent FDI through the automatic route and more than 74 percent through the government route. Since April 2000, the sector has received FDI worth ₹5,516.16 crore.

    The Tata Aircraft Complex, inaugurated in October 2024 in Vadodara, is manufacturing C-295 transport aircraft. Of the 56 aircraft under the programme, 40 are being built in India.

    Manthan, an annual innovation event held during Aero India 2025 in Bengaluru, has continued to provide a platform for collaboration among startups, academia, and defence stakeholders.

    For 2025–26, the Ministry of Defence has allocated 75 percent of its modernisation budget—₹1,11,544 crore—for procurement from domestic sources, reinforcing its focus on building an indigenous defence industrial base.

  • MIL-OSI: GPTBots Drives Enterprise AI Innovation at WaytoAGI Tokyo Hackathon, Showcasing Real-World Agent Solutions

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 11, 2025 (GLOBE NEWSWIRE) — GPTBots.ai, a leading enterprise-grade AI agent building platform, recently sponsored the “WaytoAGI Global AI Conference – Tokyo 2025” hackathon, which took place on June 7-8 at J.F. Oberlin University in Tokyo. The event attracted over 300 participants from Japan, China, and around the world. During the hackathon, developers utilized GPTBots’ enterprise AI agent framework to create impactful solutions addressing global business challenges, showcasing how AI agents can transform enterprise operations.

    Tokyo Hackathon Spotlight: AI Agents Redefining Enterprise Solutions
    The GPTBots hackathon featured four competition tracks—Enterprise Process Automation, AI-Driven Customer Interaction, Data Analysis & Decision Insights, and Open Innovation—challenging teams to build functional AI agents on the GPTBots platform. Three standout projects demonstrated the versatility of GPTBots’ platform across industries:

    • Campai: A Web3 marketing campaign management platform leveraging GPTBots for real-time sentiment analysis of social media trends. The solution assigns sentiment scores to Web3 projects by analyzing mention frequency and emotional tone, enabling data-driven marketing strategies.
    • AI-Driven Nail Art Design Agent: Addressing the $12 billion global nail industry’s design inefficiency, this agent generates personalized nail art concepts based on user preferences, reducing design time from hours to minutes and enabling salons to offer custom creations at scale.
    • Movie Agent: A modular solution breaking down video production into AI agents—from creative development and script generation to storyboard design—streamlining workflows and cutting production costs by 40% for independent creators.

    Other notable projects included:

    • DC Audit Agent: A Hong Kong-focused legal compliance tool that reviews employment contracts against local labor laws, generating compliance scores and optimization reports.
    • Demand Lens: An analytics agent scraping Fiverr order data to reveal service demand trends, pricing insights, and market opportunities.

    Enterprise-Grade Capabilities Showcase at Hackathon
    At the event, Alen Hu, Senior Innovation Manager at GPTBots.ai, led a practical workshop titled “Mastering GPTBots: Building AI Agents for Enterprise,” providing participants with step-by-step guidance on:

    • Core capabilities of GPTBots’ agent framework, including LLM integration, workflow orchestration, and RAG-based knowledge retrieval.
    • Hands-on development of AI agents for real-world scenarios, from customer service to data analysis.
    • Best practices for deploying scalable, secure enterprise AI solutions, highlighted by case studies of GPTBots’ global deployments.

    Global Collaboration and Technical Depth
    “The Tokyo hackathon exemplified how AI agents bridge technology and tangible business value,” said Jerry Yin, VP of GPTBots.ai. “Enterprises now seek scalable AI solutions that integrate seamlessly with existing operations. GPTBots’ platform empowers this through secure, low-code development and enterprise-grade security.”

    The event showcased cross-cultural innovation, with Japanese teams focusing on retail and hospitality applications, while participants from China led in Web3 and DeFi solutions. Developers demonstrated real-world deployments and shared best practices, highlighting the versatility and impact of enterprise AI agents across different industries.

    Advancing Scalable AI Adoption for Enterprises
    As part of the WaytoAGI conference, the hackathon highlighted tangible trends in enterprise AI adoption, with projects directly addressing real-world business needs showcased on the GPTBots platform. The diversity of solutions—from automated compliance and personalized design to advanced analytics and marketing—demonstrated how AI agents are being tailored for industry-specific challenges.

    By enabling rapid prototyping, secure deployment, and seamless integration with existing workflows, GPTBots empowers organizations to accelerate digital transformation and unlock new value streams. The event reinforced the growing demand for enterprise-ready AI solutions that are both scalable and adaptable, as businesses worldwide look to harness AI agents to drive efficiency, innovation, and competitiveness in a rapidly evolving market.

    About GPTBots.ai
    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, visit www.gptbots.ai.

    Media Contact:
    Tanya
    Marketing Director
    marketing@gptbots.ai

    The MIL Network –

  • MIL-OSI Economics: Toxic trend: Another malware threat targets DeepSeek

    Source: Securelist – Kaspersky

    Headline: Toxic trend: Another malware threat targets DeepSeek

    Introduction

    DeepSeek-R1 is one of the most popular LLMs right now. Users of all experience levels look for chatbot websites on search engines, and threat actors have started abusing the popularity of LLMs. We previously reported attacks with malware being spread under the guise of DeepSeek to attract victims. The malicious domains spread through X posts and general browsing.

    But lately, threat actors have begun using malvertising to exploit the demand for chatbots. For instance, we have recently discovered a new malicious campaign distributing previously unknown malware through a fake DeepSeek-R1 LLM environment installer. The malware is delivered via a phishing site that masquerades as the official DeepSeek homepage. The website was promoted in the search results via Google Ads. The attacks ultimately aim to install BrowserVenom, an implant that reconfigures all browsing instances to force traffic through a proxy controlled by the threat actors. This enables them to manipulate the victim’s network traffic and collect data.

    Phishing lure

    The infection was launched from a phishing site, located at https[:]//deepseek-platform[.]com. It was spread via malvertising, intentionally placed as the top result when a user searched for “deepseek r1”, thus taking advantage of the model’s popularity. Once the user reaches the site, a check is performed to identify the victim’s operating system. If the user is running Windows, they will be presented with only one active button, “Try now”. We have also seen layouts for other operating systems with slight changes in wording, but all mislead the user into clicking the button.

    Malicious website mimicking DeepSeek

    Clicking this button will take the user to a CAPTCHA anti-bot screen. The code for this screen is obfuscated JavaScript, which performs a series of checks to make sure that the user is not a bot. We found other scripts on the same malicious domain signaling that this is not the first iteration of such campaigns. After successfully solving the CAPTCHA, the user is redirected to the proxy1.php URL path with a “Download now” button. Clicking that results in downloading the malicious installer named AI_Launcher_1.21.exe from the following URL: https://r1deepseek-ai[.]com/gg/cc/AI_Launcher_1.21.exe.

    We examined the source code of both the phishing and distribution websites and discovered comments in Russian related to the websites’ functionality, which suggests that they are developed by Russian-speaking threat actors.

    Malicious installer

    The malicious installer AI_Launcher_1.21.exe is the launcher for the next-stage malware. Once this binary is executed, it opens a window that mimics a Cloudflare CAPTCHA.

    The second fake CAPTCHA

    This is another fake CAPTCHA that is loaded from https[:]//casoredkff[.]pro/captcha. After the checkbox is ticked, the URL is appended with /success, and the user is presented with the following screen, offering the options to download and install Ollama and LM Studio.

    Two options to install abused LLM frameworks

    Clicking either of the “Install” buttons effectively downloads and executes the respective installer, but with a caveat: another function runs concurrently: MLInstaller.Runner.Run(). This function triggers the infectious part of the implant.

    When the MLInstaller.Runner.Run() function is executed in a separate thread on the machine, the infection develops in the following three steps:

    1. First, the malicious function tries to exclude the user’s folder from Windows Defender’s protection by decrypting a buffer using the AES encryption algorithm.

      The AES encryption information is hardcoded in the implant:

      Type AES-256-CBC
      Key 01 02 03 04 05 06 07 08 09 0a 0b 0c 0d 0e 0f 10 11 12 13 14 15 16 17 18 19 1a 1b 1c 1d 1e 1f 20
      IV 01 02 03 04 05 06 07 08 09 0a 0b 0c 0d 0e 0f 10

      The decrypted buffer contains a PowerShell command that performs the exclusion once executed by the malicious function.

      It should be noted that this command needs administrator privileges and will fail in case the user lacks them.

    2. After that, another PowerShell command runs, downloading an executable from a malicious domain whose name is derived with a simple domain generation algorithm (DGA). The downloaded executable is saved as %USERPROFILE%Music1.exe under the user’s profile and then executed.

      At the moment of our research, there was only one domain in existence: app-updater1[.]app. No binary can be downloaded from this domain as of now but we suspect that this might be another malicious implant, such as a backdoor for further access. So far, we have managed to obtain several malicious domain names associated with this threat; they are highlighted in the IoCs section.

    3. Then the MLInstaller.Runner.Run() function locates a hardcoded stage two payload in the class and variable ConfigFiles.load of the malicious installer’s buffer. This executable is decrypted with the same AES algorithm as before in order to be loaded into memory and run.

    Loaded implant: BrowserVenom

    We dubbed the next-stage implant BrowserVenom because it reconfigures all browsing instances to force traffic through a proxy controlled by the threat actors. This enables them to sniff sensitive data and monitor the victim’s browsing activity while decrypting their traffic.

    First, BrowserVenom checks if the current user has administrator rights – exiting if not – and installs a hardcoded certificate created by the threat actor:

    Then the malware adds a hardcoded proxy server address to all currently installed and running browsers. For Chromium-based instances (i.e., Chrome or Microsoft Edge), it adds the proxy-server argument and modifies all existent LNK files, whereas for Gecko-based browsers, such as Mozilla or Tor Browser, the implant modifies the current user’s profile preferences:

    The settings currently utilized by the malware are as follows:

    The variables Host and Port are the ones used as the proxy settings, and the ID and HWID are appended to the browser’s User-Agent, possibly as a way to keep track of the victim’s network traffic.

    Conclusion

    As we have been reporting, DeepSeek has been the perfect lure for attackers to attract new victims. Threat actors’ use of new malicious tooling, such as BrowserVenom, complicates the detection of their activities. This, combined with the use of Google Ads to reach more victims and look more plausible, makes such campaigns even more effective.

    At the time of our research, we detected multiple infections in Brazil, Cuba, Mexico, India, Nepal, South Africa, and Egypt. The nature of the bait and the geographic distribution of attacks indicate that campaigns like this continue to pose a global threat to unsuspecting users.

    To protect against these attacks, users are advised to confirm that the results of their searches are official websites, along with their URLs and certificates, to make sure that the site is the right place to download the legitimate software from. Taking these precautions can help avoid this type of infection.

    Kaspersky products detect this threat as HEUR:Trojan.Win32.Generic and Trojan.Win32.SelfDel.iwcv.

    Indicators of Compromise

    Hashes

    d435a9a303a27c98d4e7afa157ab47de  AI_Launcher_1.21.exe
    dc08e0a005d64cc9e5b2fdd201f97fd6

    Domains and IPs

    MIL OSI Economics –

  • 11 years of Modi govt: India’s metro and railway network sees historic expansion

    Source: Government of India

    Source: Government of India (4)

    India’s transport infrastructure, particularly in metro and railways, has witnessed unprecedented growth over the past 11 years under the Prime Minister Narendra Modi-led NDA government. From expanding metro rail networks to introducing world-class trains and implementing green and digital upgrades, the country is rapidly building the foundation for Viksit Bharat@2047.

    Metro rail services are now operational or under construction in 23 cities. As of May 2025, India’s metro network stands at 1,013 kilometres, a significant jump from just 248 kilometres in 2014. This marks an addition of 763 kilometres in just over a decade. Daily ridership has grown more than fourfold, rising from 28 lakh in 2013-14 to over 1.12 crore. The pace of metro line commissioning has increased nine times, and the annual budget for metro projects has expanded from ₹5,798 crore in 2013-14 to ₹34,807 crore in 2025-26. Further strengthening regional connectivity, the government introduced the Regional Rapid Transit System (RRTS), with Namo Bharat trains already operational on the Delhi-Meerut corridor.

    Indian Railways has also seen record-breaking investments and capacity expansion. The overall capital outlay since 2014 stands at over ₹17 lakh crore, compared to ₹3.62 lakh crore between 2004 and 2014. More than 31,000 kilometres of new tracks have been laid, and over 45,000 kilometres renewed. A new generation of trains has transformed passenger experiences. The Vande Bharat trains, currently operating 136 services across 24 states and union territories, offer semi-high-speed travel with modern amenities. Plans are in place to manufacture 400 more such trains. The recently introduced Amrit Bharat and Namo Bharat trains also reflect the push for affordable and efficient mobility, with 100 Amrit Bharat and 50 Namo Bharat trains to be added in the next few years.

    Indian Railways has committed to achieving net zero carbon emissions by 2030. Over 98% of the broad-gauge network has been electrified. Solar panels have been installed at more than 2,000 railway stations, and 100% of stations and service buildings now use LED lighting. Accessibility and passenger convenience have been enhanced with the installation of 1,790 lifts and 1,602 escalators, while Wi-Fi connectivity is now available at over 6,000 stations.

    Technological advancements such as the indigenously developed Automatic Train Protection System, Kavach, have been deployed across 1,548 route kilometres. The system automatically applies brakes in case of overspeeding or non-response from the loco pilot, boosting passenger safety. The elimination of unmanned level crossings has been completed, with over 12,000 road over and under bridges constructed. In 2024-25 alone, 1,256 such bridges were built.

    Several engineering marvels have been added to India’s railway map. These include the world’s highest railway arch bridge over the Chenab River, the Anji Khad cable-stayed bridge, and the new vertical lift Pamban sea bridge connecting Rameswaram to mainland India. The Kosi Rail Mahasetu near the India-Nepal border is another strategically significant addition.

    Electrification has seen a massive push, with more than 45,000 route kilometres electrified between 2014 and 2025—compared to just 5,188 kilometres between 2004 and 2014. Electrification has already led to annual savings of nearly ₹3,000 crore. More than 6,600 stations have been equipped with electronic interlocking systems, reducing the risk of human error.

    Innovative schemes such as One Station One Product (OSOP) are helping promote local artisans, with over 2,200 outlets operational across nearly 2,000 stations. The scheme has recorded sales worth ₹107.89 crore as of March 2025. Freight movement has also surged, with total loading touching 14,200 million tonnes between 2014 and 2025, compared to 8,473 million tonnes in the preceding decade. In 2024-25, a record 1,617 million tonnes was loaded.

    The dedicated freight corridors (DFC), which had seen zero progress before 2014, are now more than 96% complete, with 2,843 kilometres commissioned. The Eastern DFC is fully operational, while the Western DFC is nearing completion. The government has also commissioned 100 Gati Shakti Cargo Terminals to reduce logistics costs and boost multimodal transport.

    More than 1,300 railway stations are being redeveloped under the Amrit Bharat Station Scheme to introduce world-class amenities. PM Jan Aushadhi Kendras have also been set up at 68 railway stations to ensure the availability of affordable medicines.

    In recent decisions, the Union Cabinet approved several key railway projects in 2025. These include the ₹1,332 crore doubling of the Tirupati–Pakala–Katpadi railway line, and four major projects worth ₹18,658 crore across Maharashtra, Odisha, and Chhattisgarh. The Waltair railway division was also reorganized to form new divisions under the South Coast and East Coast Railways.

    India’s metro and rail sectors have become engines of growth, driving economic activity, job creation, and ease of living. The sustained investment, innovation, and political will over the past decade are positioning India as a global leader in transport infrastructure.

  • MIL-OSI Security: Utica Sex Offender Sentenced to 20 Years in Prison for Distributing, Receiving, and Possessing Child Pornography

    Source: Office of United States Attorneys

    SYRACUSE, NEW YORK – Dustin Smith, age 31, of Utica, New York, was sentenced last week to 20 years in prison for distributing, receiving, and possessing child pornography.  United States Attorney John A. Sarcone III, Erin Keegan, Special Agent in Charge of Homeland Security Investigations (HSI), Buffalo Field Office, and Steven G. James, New York State Police (NYSP) Superintendent made the announcement.

    As part of his prior guilty plea, Smith admitted that he had a 2013 conviction for sexual abuse in the first degree and that in 2022, while under parole supervision for that conviction, he possessed a cell phone which he used to send, receive, and possess thousands of images and videos of child pornography.  Specifically, Smith admitted that he used the cell phone to exchange videos of child pornography with at least two identified minor children.

    In addition to the 20-year prison sentence, Senior United States District Judge David N. Hurd also imposed a 15-year term of supervised release, to begin after Smith’s prison sentence is complete. Additionally, Smith must pay $102,000 in restitution to the victims of his offenses, forfeit the device he used to commit the crimes, and register as a sex offender upon his release from federal prison.

    U.S. Attorney Sarcone stated, “While under parole supervision, Smith distributed child pornography to a minor, demonstrating that he cannot be at liberty without harming children.  With this 20-year sentence, our children are safer.”

    HSI Special Agent in Charge Keegan said, “Northern New York is undoubtedly a safer place with Dustin Smith behind bars. This sex offender has an admitted history of abhorrent crimes against children. HSI Syracuse stands in lockstep with our law enforcement partners in our shared commitment toward justice on behalf of our communities.”

    HSI investigated this case with assistance from the New York State Police Computer Crimes Unit, New York State Parole, and Oneida County Sheriff’s Office. Assistant United States Attorney Jessica N. Carbone prosecuted the case as part of Project Safe Childhood.

    Project Safe Childhood is a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Led by the U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI –

  • MIL-OSI Security: Kennebunkport Man Pleads Guilty to Possessing Child Sexual Abuse Materials

    Source: Office of United States Attorneys

    PORTLAND, Maine: A Kennebunkport man pleaded guilty today in U.S. District Court in Portland to possessing child pornography. 

    According to court records, in November 2024, law enforcement agents executed a search warrant at the residence of Kevin Rockwell, 41, in Kennebunkport. In executing the warrant, agents recovered a tablet located on a nightstand; a review of the tablet uncovered numerous image and video files of child sexual abuse material, including prepubescent children. In an interview, Rockwell admitted owning the tablet and acknowledged the presence of the files on it. Rockwell has a prior federal conviction for transporting child pornography, for which he was sentenced to 8 ½ years in federal prison.

    Rockwell faces a mandatory term of imprisonment of not less than 10 years with a maximum of 20 years, a fine of up to $250,000, and a mandatory supervised release period of at least 5 years up to lifetime supervision. He will be sentenced after the completion of a presentence investigative report by the U.S. Probation Office. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The FBI investigated the case.

    To report an incident involving the possession, distribution, receipt or production of child sexual abuse material: Child sexual abuse material – referred to in legal terms as “child pornography” – captures the sexual abuse and exploitation of children. These images document victims’ exploitation and abuse, and they suffer revictimization every time the images are viewed. In 2023, the National Center for Missing & Exploited Children received 36 million reports of the possession, manufacture, or distribution of child sexual abuse materials. To file a report with NCMEC, go to https://report.cybertip.org or call 1-800-843-5678. If you are in Maine and you or someone you know has been sexually assaulted or abused, you can get help by calling the free, private 24-hour statewide sexual assault helpline at 1-800-871-7741.

    Project Safe Childhood: This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Department’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, visit https://www.justice.gov/usao-me/psc.

    ###

    MIL Security OSI –

  • MIL-OSI: VERSE token launch surpasses $1B market cap within minutes of going live on Pump.fun

    Source: GlobeNewswire (MIL-OSI)

    Smart wallets push VerseWorld’s governance and utility token to the top ranks moments after launch.

    DUBAI, United Arab Emirates, June 11, 2025 (GLOBE NEWSWIRE) — VerseWorld, the hyper-realistic metaverse fusing real-world culture with immersive digital experiences, has launched its native token, VERSE, on the Solana-based platform Pump.fun. The launch saw a rapid market response: within minutes, VERSE crossed a $1 billion market cap, ranking #1 in SmartMoney purchases by 22:40 Dubai, just 12 minutes after trading began.

    https://x.com/VerseWorld/status/1932142004647202997

    Designed to be more than a meme or hype token, VERSE powers VerseWorld’s broader vision: a cultural platform built on Web3 rails. With a fixed supply of 1 billion tokens, allocating 45% to reward users for participation, interaction, and building the VerseWorld ecosystem, VERSE is the fuel for a decentralized ecosystem of virtual experiences, real-world brand activations, and community governance.

    “Too many metaverses promise immersion and deliver pixels. We’re changing that,” said Mickael Reignier, Co-Founder and CEO of VerseWorld. “VerseWorld is where reality meets imagination, and VERSE is the fuel that powers it all.”

    VerseWorld’s platform already supports branded experiences for clients like Toyota, Lexus, and Dubai Police, and has been covered in Cointelegraph for bringing a hyper-realistic metaverse to the Epic Games Store. The VERSE token enables in-game transactions, staking and governance, creator economy incentives, and discounted marketplace fees, as outlined in its official litepaper.

    Backed by notable investors including Gerard Lopez (Genii Capital, Mangrove Capital) and supported by professional market-maker Selini Capital, the VerseWorld token launch marks a new chapter in its global expansion.

    “Our goal? Build a metaverse people actually use,” added Reignier. “No hype. Real engagement. Real rewards. Real-world impact.”

    About VerseWorld

    VerseWorld is “The Internet of Reality,” a hyper-realistic metaverse platform connecting global communities, creators, and brands through immersive virtual experiences and real-world integrations. VERSE is the native utility token powering transactions, governance, and rewards across the VerseWorld ecosystem.

    Learn more at www.verseworld.com
    Read the litepaper: Click here

    Media contact:
    Mickael Reignier
    CEO & Co-Founder
    mr@verseworld.com

    Disclaimer: This is a paid post and is provided by VerseWorld. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/db2f2b7e-fb4f-4414-a583-d7ef1bd6e30d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b5fbf33b-60da-40e6-aca4-dee31e455164

    The MIL Network –

  • MIL-OSI Africa: Agriculture Minister proposes biosecurity compact to safeguard SA’s food systems

    Source: South Africa News Agency

    Agriculture Minister, John Steenhuisen, has proposed the development of a National Biosecurity Compact – shared commitment between government, industry, academia, and civil society to strengthen South Africa’s preparedness and resilience against biological threats.

    Speaking at the National Biosecurity Summit 2025, held at the University of Pretoria’s Hatfield Campus on Tuesday, Steenhuisen outlined the objectives of the proposed compact, which aims to coordinate national responses to animal and plant health risks.

    “This compact will define baseline vaccine stock levels; clarify roles and responsibilities during outbreaks; embed data-sharing mechanisms and institutional partnerships like the Biosecurity Hub; and provide a framework for coordinated, credible, and timely responses,” Steenhuisen said.

    Steenhuisen argued that the initiative is not only about defending against risk, but “it is about enabling growth.”

    He said export markets require sanitary and phytosanitary compliance, and they demand evidence of control, traceability, and institutional readiness.

    “Strengthening our biosecurity systems opens the door to new trade opportunities, safeguards jobs, and boosts investor confidence in South African agriculture. Biosecurity is not a “nice-to-have”, [but] it is as fundamental to national stability as clean water, reliable electricity, or functioning roads.

    “When it works, farmers prosper, food remains affordable, and our exports flourish. When it fails, the consequences are steep—economically, socially, and politically. We have the tools [and] the institutions, and now, we have the momentum,” the Minister said.

    The Minister also noted one of the country’s most significant structural weaknesses, vaccine production, highlighting operational backlogs and infrastructure limitations at Onderstepoort Biological Products (OBP) – the country’s primary vaccine producer.

    “We cannot afford to repeat the failures of the past. Vaccines are not a luxury – they are the first line of defence in any biosecurity system, and we will hold OBP accountable.”

    To address these challenges, the Minister announced that his office has implemented quarterly performance reviews, brought independent oversight, and is actively investigating diversification options to reduce dependence on a single supplier.

    Addressing veterinarian shortage

    The Minister also raised concerns about the critical shortage of veterinarians, particularly in the poultry industry and rural areas.
    “Nationally, we require 400 veterinarians. We currently have around 70 in the public system,” the Minister said.

    To close this gap, he said the department is expanding vet training posts, creating rural internships opportunities, and building regional partnerships.

    “Through the Biosecurity Hub, we are also mapping career pathways to attract a new generation of animal health professionals.”

    Biosecurity Hub at Innovation Africa

    Launched in October 2022, the Biosecurity Hub is a joint initiative between the Department of Agriculture, then Department of Agriculture, Land Reform and Rural Development (DALRRD), and Department of Science Technology and Innovation.

    The hub is an innovative platform designed to foster collaboration, enhance information sharing, and strengthen our collective capacity to respond to biological threats, not only for South Africa, but potentially across the continent.

    It is a strategic outcome aligned with the overarching objectives of the Agricultural Agro-Processing Masterplan (AAPM) and the Decadal Plan. Both these national frameworks emphasise the importance of safeguarding agricultural value chains, promoting sustainable, trade, agro-processing, and ensuring food security utilising also biotechnologically advanced practices. – SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Call 5 of the Digital Transformation Flexible Fund is now open

    Source: Northern Ireland City of Armagh

    Simon Hewitt, Titus Solutions Craigavon.

    The Digital Transformation Flexible Fund (DTFF) has officially opened its fifth funding call, inviting small and micro businesses across the ABC borough to apply for grants ranging from £5,000 to £20,000.

    This initiative aims to support the adoption of advanced digital technologies, enhancing competitiveness and driving innovation.

    Craigavon-based manufacturing firm, Titus Solutions, exemplifies the impact of DTFF. After securing £20,000 funding in a previous call, the company invested in a robotic welder with desktop programming and simulation, significantly enhancing operational efficiency and reducing production times.

    Lord Mayor of Armagh City, Banbridge and Craigavon Borough, Alderman Stephen Moutray, said:

    “We welcome the fifth call of this funding programme that will hopefully aid our local businesses in their digital innovation endeavours. As the world around us is constantly moving forward in terms of digital advancements, it is crucial that the businesses in our borough get the support they need in order to be at the forefront of this transformation. I encourage businesses to find out more and attend one of the briefing sessions either online or in person.”

    Simon Hewitt, Managing Director of Titus Solutions, stated:

    “The DTFF grant was a game-changer for us. Implementing robotics and AI technology streamlined our processes, cut production times, and boosted overall productivity. It’s been instrumental in our growth.”

    Eligible projects must focus on transformative technologies, including artificial intelligence, machine learning, process automation, big data analytics, immersive technologies, and the Internet of Things. The fund covers up to 70% of project costs, with applicants providing the remaining 30%.

    Expressions of Interest for Call 5 close at 12 noon on Friday 11 July 2025. ABC Council and DTFF will host a series of pre-application briefing sessions which will provide detailed information on eligibility criteria, application processes, and insights into successful digital transformation projects just like Titus Solutions. Dates and registration details are available on the DTFF website: dtff.co.uk

    Delivered by all 11 local councils under the Full Fibre Northern Ireland Consortium (FFNI) and supported by Invest NI, DTFF is part-funded by the NI Executive, UK Government, Department of Agriculture, Environment and Rural Affairs (DAERA), and local authorities.

    MIL OSI United Kingdom –

  • MIL-OSI: Bitcoin Solaris Enters Phase 7 of Presale With 233% Launch Price Confirmed

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 11, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), the high-speed, dual-consensus blockchain project, has officially entered Phase 7 of its presale. The token is now available for $7, with the next price increase to $8 just around the corner. With a confirmed launch price of $20 on major exchanges, early buyers are already positioned for a 233% return before market trading even begins.

    Why Bitcoin Solaris Is Getting All the Buzz

    Bitcoin Solaris isn’t trying to replace Bitcoin—it’s designed to evolve it. Instead of just replicating what came before, BTC-S uses a cutting-edge dual-consensus architecture that combines Bitcoin’s Proof-of-Work (PoW) security with the lightning-fast speed and efficiency of Delegated Proof-of-Stake (DPoS). This structure allows Bitcoin Solaris to achieve over 100,000 transactions per second (TPS) with 2-second finality, making it one of the fastest and most scalable blockchains to date.

    From secure payments to enterprise integrations, from smart contracts to tokenized real estate, this ecosystem is engineered to deliver massive real-world value while keeping fees low and accessibility high.

    Deep Tech for a Modern Crypto Economy

    The reason BTC-S isn’t just hype is its tech.

    • Smart contracts are written in Rust and offer full compatibility with Solana tooling.
    • Validator rotation happens every 24 hours with strict performance rules and slashing penalties for bad actors.
    • Security includes resistance to 51% attacks, Byzantine fault tolerance, and optional zero-knowledge proofs (ZKPs) for privacy.

    And most importantly, all smart contracts have been fully audited by Cyberscope and Freshcoins, giving investors peace of mind.

    The Presale Phase That’s Turning Heads

    Bitcoin Solaris is now in Phase 7 of its presale, with the token priced at $7 and set to rise to $8 in the next phase. With a confirmed launch price of $20, early buyers are already positioned for a 233% guaranteed gain, even before post-launch market momentum kicks in.

    With over $3.8 million raised and more than 11,000 unique users already joined, this is quickly becoming one of the shortest and most explosive presales in crypto history. The presale is limited to just 90 days, ending July 31, 2025, and momentum is only increasing.

    Buyers in this phase also receive a 9% bonus, making now the perfect moment to secure maximum upside before the next price jump.

    The Future of DeFi Doesn’t Run on Hype—It Runs on BTC-S

    Let’s Talk Wealth: How Bitcoin Solaris Can Make You Rich

    Bitcoin Solaris was designed to create opportunities for anyone, whether you’re a miner, a DeFi user, or just holding tokens.

    Here’s how:

    • Dual rewards from both the PoW base layer and DPoS validators mean multiple passive income streams.
    • Mobile-first architecture opens mining access to everyday users, eliminating the need for expensive rigs.
    • Token scarcity—with a cap of 21 million—mirrors Bitcoin’s model, maximizing long-term upside.
    • Staking incentives reward holders with compounding yields and governance power.

    And because you must hold BTC-S to participate in mining, the system creates a natural buy-and-hold pressure that reduces dumping and supports sustainable growth.

    Tokenomics Designed for Growth

    BTC-S is more than just deflationary—it’s intelligently structured:

    • Total supply: 21 million (same as Bitcoin)
    • 66.6% allocated to mining, making it a long-term, community-run token
    • 20% for presale, keeping early funding tight
    • 13.4% for liquidity and ecosystem growth, ensuring a healthy post-launch market.

    The design ensures there are no whales dumping tokens, no inflationary pressures, and no short-term manipulation.

    The Referral Program That Rewards Everyone

    During the presale, Bitcoin Solaris also offers a dual-sided referral program:

    • Referrers earn 5% in BTC-S for every successful invite.
    • New users receive an extra 5% bonus on their token purchase.

    Unlike other projects, this program rewards both parties equally and automatically, encouraging organic growth and deeper community engagement.

    Influencers and Experts Are Talking

    There’s been a surge of crypto influencers covering Bitcoin Solaris, and one of the most insightful breakdowns came from Ben Crypto. The review highlights BTC-S’s smart tokenomics, real-world use cases, and advanced architecture—all reasons why many believe it’s the best early-stage crypto of 2025.

    Final Thoughts

    Bitcoin Solaris is not just another altcoin trying to ride the Bitcoin name—it’s a well-engineered, heavily audited ecosystem built for modern use. With a high-speed blockchain, intelligent economic design, and true mining accessibility, it’s turning heads across the industry.

    If you missed Bitcoin’s legendary run, this is your second chance to catch the rocket before it lifts off. And with the final hours of the current presale phase ticking down, the window is closing fast.

    Get Started:

    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X (formerly Twitter): https://x.com/BitcoinSolaris

    Media Contact

    Xander Levine
    press@bitcoinsolaris.com

    Press Kit: Available upon request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ace724f3-e3ff-4f29-bbdc-934bcf1dae6e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/334b8acd-b0e4-42e6-a679-9353a3dd38d8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/94d43a74-7a76-478d-af2e-f10a8ebd8653

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53487868-86c1-4da3-af65-0336ad883d1f

    The MIL Network –

  • MIL-OSI: Millions of users around the world choose ALR Miner to mine easily and make stable money every day!

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 11, 2025 (GLOBE NEWSWIRE) —
    In today’s era of increasing economic fluctuations and financial difficulties, more and more users are beginning to choose cloud mining, a new way of simple, safe and stable income. Among many platforms, ALR Miner, which has been operating stably for more than 7 years and has millions of users worldwide, is becoming the first choice for the public.

    No equipment, no graphics card burning, no risk, new users will receive $12 USD experience bonus when they register, and they can get stable income every day with just a few clicks!

    Why are users all over the world using ALR Miner?
    ✅ Stable operation for 7 years, the platform is legal and compliant

    ✅ Register and get $12 experience bonus, you can experience making money without investment

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    ✅ More than 5 million users, covering many countries around the world

    ✅ Security system encryption protection, fast and worry-free fund arrival

    ALR Miner is committed to making it easy for every user to own their own “digital mining machine”, and even if they don’t understand blockchain, they can get started without obstacles, and achieve real passive income from the first day

    Recommended mining machine projects (concise version)
    $100 / 2-day mining plan
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    Suitable for novices to try, short-term results!

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    Safety and compliance, real mining, user trust first
    ALR Miner has a strict technical guarantee system, all data communications are encrypted with SSL, platform assets are independently managed, and fast withdrawals are supported. Users can view revenue records and order details at any time, truly achieving platform transparency, safe operation, and clear revenue.

    At the same time, the platform team has focused on the construction of mining field technology for many years, and the backend is equipped with real mining machines and computing power support. All revenue is paid on time without delay.

    New users will receive $12 USD when they register, and they can start making money without recharging!
    Not sure if it is real? It doesn’t matter. ALR Miner provides every new user with $12 to experience the novice project, zero threshold to participate in the mining plan, no investment, no risk to experience real revenue, and let you see the return within 24 hours.

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    In ALR Miner, everyone can easily start mining, without worrying about equipment or market fluctuations. Just choose a suitable plan, leave the rest to the platform, and wait for the income to arrive every day.

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    ALR Miner, let cloud mining become your long-term and stable source of income!

     Media Contact: 
    Name: Olivia Miller 
    Email: info@alrminer.com 
    Address: Singleton Court Business Park, Wonastow Road, Monmouth, Monmouthshire, United Kingdom, NP25 5JA 
    Website: https://alrminer.com

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Artificial Intelligence (AI) to Bolster Oil Recovery as Africa Maximizes Production at Ageing Fields

    Africa’s mature oilfields are experiencing a renaissance and artificial intelligence (AI) is at the heart of this transformation. In an era defined by innovation and sustainability, enhanced oil recovery (EOR) technologies – powered by AI – are breathing new life into declining reservoirs. From predictive analytics to machine learning algorithms, AI is not just a tool; it is a catalyst for maximizing output, extending field life and improving operational efficiency. At the forefront of this conversation is the upcoming African Energy Week (AEW): Invest in African Energies 2025 – taking place September 29 to October 3 in Cape Town. During the event, energy leaders will converge to explore the role of digital transformation in advancing EOR across Africa.

    From Data to Big Barrels

    In 2025, the global market for AI in the oil and gas industry is estimated at $3.54 billion, set to rise to $6.4 billion by 2030. This is largely due to a rise in AI adoption by major operators. Examples include Baker Hughes and Repsol pooling resources to bring AI processes and workflows into oil and gas projects. Repsol has several developments underway in Libya, Algeria and Morocco and strives to bolster production across these markets. SLB inaugurated its Africa Performance Center in Luanda in 2025, which will support oil operations by offering access to digital solutions such as AI. SLB has supported several billion-dollar oil projects in Angola, with investments in almost every other region in Africa. 

    The power of AI in EOR comes down to predictive modeling. Traditional EOR relies heavily on limited data, with simplified reservoir models often impacting results. However, through AI, companies are able to analyze large datasets to deliver more accurate predictions of oil recovery. Another key benefit of AI in EOR is reservoir management. By analyzing geological and production data, companies can better-understand reservoir features, therefore supporting recovery techniques. Machine-learning also offers significant opportunities for EOR, specifically through its ability to recognize patterns, handle datasets and make accurate predictions. The application of machine-learning also enables reservoir performance forecasting, supporting decision-making by allowing companies to predict future production. 

    Policy Creates In-Roads for AI Deployment

    As Africa advances toward digital transformation, policy reform has become a vital enabler of AI adoption across the oil industry. By integrating digital solutions and targets into regulatory frameworks, countries can support investments in AI and machine learning while accelerating research and development. Various countries are streamlining policy to support EOR at legacy assets. Angola, for example, implemented its Incremental Production Initiative in 2024 which offers tax incentives to encourage reinvestments in mature oilfields. Energy major ExxonMobil made the first discovery – the Likembe-01 well – as part of the initiative in 2024, demonstrating the role policy plays in unlocking incremental resources. The African Union Commission also declared AI as a strategic priority for the continent in May 2025, citing the role machine-learning plays in transforming the continent’s development trajectory. The declaration is expected to create in-roads for technology companies, introducing new opportunities for oil operators to maximize recovery and efficiency.  

    AEW 2025: Where Innovation Meets Investment

    AEW: Invest in African Energies 2025 – the continent’s premier event for the energy sector – will host dedicated sessions on digital transformation, EOR and AI in exploration. A series of panel discussions and technical workshops will explore the new chapter of AI-driven oil production in Africa. AEW: Invest in African Energies 2025 will be the space where policy, capital and technology converge to define this next chapter.

    “Africa’s oil and gas assets hold immense value and AI is the key to unlocking resources efficiently and sustainably. In addition to support exploration efforts, AI will breathe new life into Africa’s ageing oilfields, extending field life, maximizing value and driving smarter, low-carbon production,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    About AEW: Invest in African Energies
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only)  
    Lord Mayor (696th Lord Mayor of the City of London, Mr Alderman Alastair King), Sir Douglas (Committee Member of the Hong Kong Association, Chairman of Aberdeen Group, Sir Douglas Flint), distinguished guests, esteemed members of the Hong Kong Association, ladies and gentlemen,
     
         Good afternoon. It is a profound privilege to address you today at this distinguished luncheon hosted by the Hong Kong Association in London. I must say, you are a crowd too difficult to please because you know Hong Kong too well. This organisation’s mission is to champion the enduring business and trading relationship between Hong Kong and the UK which resonates deeply with the Government’s goal of fostering economic collaboration, innovation, and mutual prosperity. To further the efforts, I am here to showcase our city’s unparalleled strengths as a global financial hub and to explore the vast potential for deepening financial co-operation between Hong Kong and the UK. Our shared visions and complementary expertise position us well to forge a partnership that drives transformative growth in an increasingly challenging and also uncertain global economy.
     
         If you may recall, for those people who came two years ago for a similar occasion where I spoke, I tried to group my speech in five alphabet letters, ABCDE. A is about Asia, B is about business as usual, C is about connectivity, D is about digitalisation whereas E is about ESG (environmental, social and governance). These are the five elements at the time I drafted the speech that something Hong Kong could offer to this part of the world. So I am thinking, to this group which is very knowledgeable about Hong Kong, what should I say and how I should structure this speech? Of course I don’t want to get to the next alphabet letter after E, that is why I would stay at E and come with 3Es which are actually the pillars that define Hong Kong’s strategic vision as a premier international financial centre: 1) Extending our financial value chain across equities, fixed income, currencies, and commodities. For those in the banking or financial world, you know what I mean. It’s about EFICC; 2) Embracing new finance through fintech and green finance; and 3) Enhancing offerings for Chinese companies going global through Hong Kong and international firms accessing the Mainland market. These pillars reflect our dynamic approach to navigating global economic and geopolitical challenges, seizing emerging opportunities, and fostering collaboration with partners like the UK. Let me elaborate on each pillar, highlighting our recent achievements and the opportunities they present for strengthening Hong Kong-UK ties.
     
    Extending our financial value chain
     
         Hong Kong’s position as a global financial hub is built on its ability to offer a diversified, resilient, and innovative financial ecosystem. By extending our financial value chain across equities, fixed income, currencies, and commodities which can be grouped as EFICC, we are creating a robust platform that serves both regional and international markets, fostering opportunities for collaboration with global partners, including the UK.
     
    Equities: a vibrant and forward-looking market
     
         Hong Kong’s equity market has undergone a remarkable transformation over the past decade, driven by bold structural reforms and a commitment to capturing global economic trends. The Hang Seng Index, which is a key barometer of our market’s performance, has demonstrated resilience amid global uncertainties. By May 30, our stock market capitalisation has increased by 24 per cent year on year to over US$5.2 trillion. This growth was propelled, I must say, by a number of key moments this year, including of course the DeepSeek moment when people really recalibrate the value that Chinese investment carry and at the same time also the “victory day” moment when people are seeing the uncertainty in other parts of the world which actually present opportunities to Hong Kong and London. The average daily turnover for the first five months of this year stood at US$31 billion in our market, an increase of 1.2 times over the past year, signaling sustained investor confidence and market liquidity.
     
         Apart from the market performance, we are also trying to reform our capital market to make it more instrumental in positioning Hong Kong as a global hub for new economy and technology companies. Back in 2018, we already introduced the “weighted voting rights” regime, enabling companies with dual-class share structures to list in Hong Kong. As I know, London Stock Exchange is also contemplating something similar to reform your stock market. This reform in Hong Kong attracted technology giants and paved the way for a new era of innovation-driven listings. Simultaneously, we opened our market to pre-revenue biotech firms, transforming Hong Kong into one of the world’s leading fundraising hubs for biotechnology. As a result, the proportion of new economy companies in our stock market has surged from 1.3 per cent in 2018 to approximately 14 per cent by April 2025, with their market capitalisation share rising from 2.8 per cent to about 28 per cent.
     
         Building on this momentum, we introduced the “18C” listing regime in 2023 for specialist technology companies, followed by a dedicated technology enterprises channel launched last month. These initiatives are designed to accelerate the listing of enterprises in the “hard technology” space, enabling them to raise capital in Hong Kong and expand their international presence. These reforms have not only reshaped the structure of our stock market but also aligned it with global economic trends, positioning Hong Kong as a vital partner for UK firms seeking exposure to Asia’s innovation-driven growth.
     
         Moreover, Hong Kong’s capital markets have benefited from the return of Chinese concept stocks, driven by geopolitical developments and Mainland China’s technological advancements. This trend has elevated the weight of technology stocks in our market, further enhancing its attractiveness to global investors. For example, before I came, we welcomed the listing of CATL (Contemporary Amperex Technology Co Limited) which is a major lithium-ion battery manufacturing company serving the world for electric vehicles. For UK financial institutions, Hong Kong offers a gateway to invest in Asia’s burgeoning tech sector, leveraging our deep liquidity and robust regulatory framework.
     
    Connectivity and stability
     
         Apart from fundraising, it’s about our strengthened role as a gateway for international investors accessing Mainland China and for Mainland investors diversifying globally. Our “Connect” schemes – Stock Connect, Bond Connect, Wealth Management Connect, and Swap Connect – have facilitated seamless cross-border capital flows. These initiatives have seen significant growth in transaction volumes, product diversity, and risk management capabilities, enhancing both the “quantity” and “quality” of financial connectivity, covering the broad financial value chain across equities, fixed income and currencies.
     
         Stability is also a cornerstone of our financial system, as demonstrated by the performance of the Hong Kong dollar recently. In the first five months of 2025, the Hong Kong dollar largely traded within the strong-side convertibility undertaking range, signifying a robust demand, partly because a lot of money coming to Hong Kong to buy our IPOs (initial public offerings) which are in Hong Kong dollars, and at the same time it is now the season when the listed companies need Hong Kong dollars to give out dividends. So with this background, what we see is operations by our banking regulator where now the banking system aggregate balances rising to US$22 billion by May 30, 2025, a substantial increase from US$5.7 billion at the end of last year. Total bank deposits grew by over 4 per cent in the first four months of 2025, with Hong Kong dollar deposits rising by 4.4 per cent, reflecting strong capital inflows into our banking system. So you have been hearing a lot about capital flight from Hong Kong to others, all these numbers are testaments to how wrong those perceptions are. This stability underscores our role as a trusted financial hub, like that of London, offering a secure environment for UK investors and businesses.
     
         Amid global economic uncertainties, including trade protectionism and unilateral policies, RMB (Renminbi) is gaining prominence as a global transaction and reserve currency. Its share in global payments rose from 2 per cent in 2020 to 4 per cent by the end of 2024, ranking fourth globally, while its share in trade financing increased from 2 per cent to 6 per cent. As the world’s leading offshore RMB hub, Hong Kong is seizing this opportunity by enhancing RMB-denominated investment products and risk management tools. Our plan to integrate RMB-denominated stock trading into Southbound Stock Connect will further support RMB internationalisation in a gradual and prudent manner, creating opportunities for UK financial institutions to engage with RMB-based products and services.
     
    Commodities: pioneering a new ecosystem with LME integration
     
         In the commodities sector, Hong Kong is capitalising on the global surge in non-ferrous metals trading, driven by the transition to new energy technologies. In 2024, the London Metal Exchange (LME) recorded trading volumes of 178 million lots, a 20 per cent year-on-year increase, with significant growth in new-energy metals like nickel and cobalt. These metals are critical to industrial transformation and technological advancement, and China remains a pivotal force, with non-ferrous metals trade exceeding US$368 billion in 2024, up 11 per cent from the previous year.
     
         Recognising this potential, our Chief Executive outlined a vision in his Policy Address to create a commodity trading ecosystem in Hong Kong, encompassing warehousing, distribution, trading, testing, certification, insurance, and financial services. A landmark achievement in this regard is our integration into the LME’s global warehouse network in January this year. By bringing storage facilities closer to Mainland China’s industrial heartlands and consumption centres, we are strengthening our role as a central platform for the metals industry. Within months since January this year when we are recognised as a delivery port for the LME contracts, seven warehouses have already been approved, and their operations will commence as early as in July 2025.
     
         This initiative not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms, given the LME’s London-based heritage. The UK’s expertise in commodities trading and Hong Kong’s proximity to Asia’s industrial markets make our partnership a natural fit. By collaborating on warehousing, trading, and related services, we can jointly tap into the growing demand for new-energy metals, supporting global industrial transformation and sustainable development.
     
         By extending our financial value chain across equities, fixed income, currencies, and commodities, Hong Kong is reinforcing its position as a diversified financial hub. We invite UK businesses to leverage our platform to access Asia’s dynamic markets, fostering mutual growth and collaboration in these critical sectors.
     
    Embracing new finance: fintech and green finance
     
         The second pillar of our strategy is embracing new finance, particularly in fintech and green finance, to position Hong Kong at the forefront of financial innovation and sustainability. These areas align closely with the UK’s developments in digital finance and sustainable investments, creating fertile ground for partnership.
     
    Fintech: pioneering digital assets and stablecoin regulation
     
         Hong Kong’s robust regulatory framework, business-friendly environment, and strategic location make it an ideal hub for fintech innovation. My bureau, FSTB (Financial Services and the Treasury Bureau), in collaboration with financial regulators and industry stakeholders, is pursuing a multipronged strategy to foster a vibrant fintech ecosystem. This includes enhancing financial infrastructures, nurturing talent, strengthening industry connections in Mainland China and overseas, and creating a conducive environment for fintech innovation.
     
         This is my second day here in London and I am hearing a lot about digital assets (DAs). Just days before I embarked on this trip, our Legislative Council has passed the Stablecoins legislation in Hong Kong and it will be enacted on August 1. After that, we will issue a second policy statement about promoting Hong Kong as the digital asset ecosystem.
     
         Looking ahead, we will continue to be a leader in adopting emerging technologies. A 2023 survey revealed that 38 per cent of Hong Kong’s financial institutions adopted generative AI, surpassing the global average of 26 per cent. In October last year, we issued a policy statement on the responsible use of AI in finance, followed by practical guidelines, sandbox schemes, and industry seminars to support institutions in adopting AI responsibly. These initiatives position Hong Kong as a hub for fintech innovation, complementing the UK’s advancements in areas like blockchain and AI-driven financial services.
     
    Green finance: driving sustainable development
     
         Moving on to green finance, Hong Kong is committed to mobilising cross-border investments to address climate and sustainability challenges, aligning with global efforts to achieve net zero. Last year, Hong Kong arranged US$43 billion in green and sustainable bonds, capturing 45 per cent of the Asian market and ranking first in the region for seven consecutive years. By March this year, our security regulator authorised around 220 ESG funds, managing US$140 billion in assets, an 80 per cent increase over three years.
     
         Last week we have just issued a new round of Government green bonds and infrastructure bonds, totally around US$3.5 billion, denominated in four currencies, namely HKD (Hong Kong dollars), RMB, USD (US dollars) and EUR (euro). The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting around US$30 billion equivalent, representing an over-subscription of almost nine times. The proceeds from green bond issuance will fund local Government green works projects, and set benchmarks for the market encouraging private-sector participation.
     
         To align with global standards, we launched the Roadmap on Sustainability Disclosure in December last year, providing a clear path for large publicly accountable entities to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) by 2028. This positions Hong Kong among the first jurisdictions to align with global sustainability reporting standards, enhancing transparency and comparability. The roadmap not only reflects our commitment to the global green transition but also offers clarity and guidance to market participants.
     
         On the funding support side, the Green and Sustainable Finance Grant Scheme, which was extended to 2027, subsidises issuance costs for bonds and loans, including transition financing, encouraging industries across the Greater Bay Area and Belt and Road economies to leverage Hong Kong’s platform for low-carbon transitions. So for many of you who are working for business financial institutions or companies, do take this message home that we are subsidising for people who are issuing green bonds and loans in Hong Kong.
     
         These efforts create significant opportunities for UK firms to collaborate with Hong Kong on green finance initiatives, from ESG funds to green technology solutions, leveraging our shared commitment to sustainability and innovation. The UK’s commitment in green finance, combined with Hong Kong’s strategic position in Asia, can drive impactful partnerships in sustainable investment and technology.
     
    Enhancing offerings for global and Mainland businesses
     
         The third pillar, enhancing offerings, underscores Hong Kong’s role as a bridge for Chinese companies going global and international firms accessing Mainland China, supported by policies that facilitate cross-border mobility and business expansion.
     
    Supporting Chinese companies going global
     
         As Mainland China accelerates its economic opening, Chinese firms are intensifying their global expansion, optimising supply chains and market presence to address geopolitical risks and tap into international markets. Hong Kong is uniquely positioned to support this “going out” strategy, offering financing, supply chain management, and professional services under the “one country, two systems” framework.
     
         Hong Kong’s efforts to strengthen ties with emerging markets further enhance our appeal. In October last year, we facilitated the listing of two Hong Kong-focused exchange-traded funds on the Saudi Exchange, attracting Middle Eastern capital to our markets. The two Saudi-listed ETFs have a combined size of over US$1.9 billion. They are the two largest ETFs listed and are amongst the top traded ETFs on Saudi Stock Exchange. This initiative demonstrates our commitment to connecting traditional and emerging markets, offering UK firms a platform to diversify their investments across Asia and beyond.
     
         Hong Kong’s professional services, for example the Accounting sector, are well-positioned and experienced to meet the needs of Mainland firms going global. The Hong Kong Institute of Certified Public Accountants has earlier compiled a list of firms specialising in supporting global expansion of Chinese companies, and has recently expanded the list from 60 to over 80 firms, connecting Mainland enterprises with international markets for business expansion. Moreover, Hong Kong’s network of 52 Comprehensive Double Taxation Agreements with other tax jurisdictions, with plans for further expansion, provides tax clarity for businesses, enhancing Hong Kong’s appeal as a commercial and investment hub.
     
         UK firms can partner with Hong Kong to support Chinese companies’ international ventures, leveraging our expertise in financing, legal services, and market access. For example, UK financial institutions can collaborate with Hong Kong-based firms to provide advisory services, underwriting, and risk management solutions for Chinese enterprises expanding into Europe and beyond.
     
    Facilitating international access to the Mainland
     
         Hong Kong is equally committed to helping international talents, including those from the UK, access Mainland China’s vast market. A facilitating policy introduced in July last year allows non-Chinese Hong Kong permanent residents to obtain a card???type document with five-year validity. This card enables self-service clearance at Mainland control points without going through manual channels, eliminating the need for arrival cards and significantly enhancing clearance efficiency. This measure, implemented under the “one country, two systems” framework, facilitates business, travel, and family visits, reinforcing Hong Kong’s role as a gateway to the Mainland.
     
         Hong Kong’s professional services, with deep knowledge of Mainland business culture and international expertise, provide comprehensive support for UK firms navigating China’s market. From legal and accounting services to supply chain management, Hong Kong offers a trusted platform for UK companies to establish and grow their presence in Asia.
     
    Hong Kong-UK financial co-operation
     
         The complementary strengths between the two markets of Hong Kong and UK create a strong foundation for collaboration. The integration of Hong Kong into the LME’s warehouse network opens new avenues for UK firms to engage with Asia’s commodities markets, particularly in new-energy metals critical to the global energy transition. Our leadership in green finance aligns with the UK’s expertise in sustainable investments, creating opportunities for joint ventures in ESG funds, carbon trading, and green fintech. In fintech, Hong Kong’s progressive DA regulations complement the UK’s advancements in digital finance, paving the way for collaborative innovation in areas like blockchain, AI, and stablecoins.
     
         By leveraging Hong Kong’s strengths in extending our financial value chain, embracing new finance, and enhancing global and Mainland connectivity, we invite UK businesses to partner with us in tapping Asia’s growth opportunities. Our shared commitment to innovation, sustainability, and global connectivity positions us to build a future of mutual prosperity.
     
    Conclusion
     
         Ladies and gentlemen, Hong Kong stands at the forefront of global finance, driven by our commitment to the 3Es: Extending our financial value chain across equities, fixed income, currencies, and commodities; Embracing fintech and green finance; and Enhancing opportunities for Chinese and international businesses. Our unique position under “one country, two systems,” robust regulatory framework, and vibrant markets make Hong Kong the ideal partner for the UK in navigating Asia’s dynamic markets.
     
         I express my heartfelt gratitude to the Hong Kong Association for hosting this luncheon and for your unwavering commitment to strengthening Hong Kong-UK ties. Let us seize this opportunity to deepen our financial partnership, fostering innovation, sustainability, and prosperity for our shared future. Together, we can shape a world of opportunity, leveraging Hong Kong’s strengths and the UK’s global leadership to drive transformative growth.
     
         Thank you.
    Issued at HKT 16:31

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only)  
    Alderman Sir Charles (690th Lord Mayor of the City of London, Co-Chair of the UK-China Green Finance Taskforce, Mr Alderman Sir Charles Bowman), Bruce (Leadership Council Chair of TheCityUK, Mr Bruce Carnegie-Brown), John (Managing Director of TheCityUK, Mr John Godfrey), King (Executive Director of the FSDC, Dr King Au), ladies and gentlemen, distinguished guests,
     
         It is an honour to stand before you in London to celebrate the signing of this Memorandum of Understanding between TheCityUK and Hong Kong’s Financial Services Development Council. I am very delighted to witness this milestone in strengthening financial co-operation between our two leading financial centres.
     
         This MOU is a commitment to deepen collaboration, foster innovation, and drive sustainable economic growth. It reflects a shared vision to harness the strengths of Hong Kong and the UK, creating opportunities that benefit our jurisdictions and the global financial ecosystem.
     
         Hong Kong is a premier international financial centre, strategically located at the heart of Asia, serving as a gateway between Mainland China and global markets. Our robust legal framework, adherence to international standards, and business-friendly environment underpin our success. The financial services sector is a cornerstone of our economy, driving growth through our world-class stock exchange, leadership in green finance, fintech, and asset management. Hong Kong’s contributions to sustainable investment and digital innovation continue to set global benchmarks.
     
         The United Kingdom, with London as its financial hub, is a global leader in financial and professional services. TheCityUK represents an industry that contributes 12 per cent to the UK’s economic output and employs nearly 2.5 million people. Its role in supporting net zero transitions, economic growth, and essential services is remarkable. The UK’s expertise in financial innovation and regulation makes it an ideal partner for Hong Kong.
     
         This MOU outlines a forward-looking framework for co-operation in key areas: transition finance, digital assets, technological advancements, and workforce development. A few highlights this partnership are worth noting.
     
         First, the focus on transition finance is critical as the world moves toward net zero. Hong Kong is a leader in green bonds issuance and sustainable finance, with initiatives like government green bonds issuance setting a global benchmark. TheCityUK and the FSDC will share best practices to advance transition finance across the Asia-Pacific and beyond, ensuring our financial systems support a low-carbon future.
     
         Second, the emphasis on digital assets aligns with the rapid evolution of our industry. Hong Kong is advancing fintech through initiatives like our Central Bank Digital Currency pilot and digital asset regulations. The UK’s leadership in distributed ledger technology and tokenisation complements these efforts. Through this MOU, both parties will exchange insights on regulatory practices, promote interoperability, and build capacity for responsible integration of digital assets.
     
         Third, workforce development is central to our success. Technological advancements are reshaping financial services, and both Hong Kong and the UK are committed to equipping our professionals with the skills needed to thrive. Collaborative efforts will ensure our workforces are prepared for an era of innovation.
     
         The MOU also facilitates practical co-operation through market visits, stakeholder introductions, and co-hosted events. These initiatives will strengthen the ties between our financial communities and drive meaningful outcomes.
     
         The economic ties between Hong Kong and the UK provide a strong foundation for this partnership. Our shared commitment to open markets, innovation, and excellence has long underpinned our collaboration. This MOU builds on that legacy, creating new avenues for partnership at a time when global challenges like climate change and technological disruption demand collective action. Together, we can unlock opportunities for growth and prosperity.
     
         I extend my heartfelt congratulations to TheCityUK and the FSDC for their vision and leadership. My gratitude goes to all who have worked to bring this MOU to fruition. Your efforts have laid the groundwork for a stronger financial relationship between our jurisdictions.
     
         Let us seize this opportunity to deepen our collaboration, leverage our strengths, and promote Hong Kong and the UK as leading global financial centres. Together, we can shape a future defined by innovation, sustainability, and opportunity.
     
    Thank you, and I wish this partnership every success.
    Issued at HKT 16:33

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Polytechnic presented its initiatives to the rectors of BRICS countries at forums in Brazil

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Rio de Janeiro hosted large-scale events — the second forum of university rectors from Russia, Brazil and Belarus, as well as the second forum of university rectors from the BRICS countries. The events were organized by the Federal University of Rio de Janeiro with the support of national rectors’ communities, including the Russian Union of Rectors. They became a powerful platform for strengthening academic ties and promoting joint initiatives. The forums were attended by more than 50 representatives of universities from Russia and Belarus, delegations from Iran, India, China, South Africa, Ethiopia, Indonesia and more than 60 universities from Brazil.

    At the section on educational cooperation, Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky emphasized the unique role of BRICS in the modern world: In the conditions of international turbulence, it is education and science that are becoming the most important tools for finding joint answers to global challenges. The BRICS association is one of the few international platforms where interaction is built on the principles of mutual respect and equality, where there are no main ones, where everyone is equal and is committed to working together for the sake of a common future. We see that this approach is of interest and response to many countries. The creation of a ranking of BRICS universities is especially relevant in the conditions of political commitment of the headquarters of international rating agencies. The new system for assessing the quality of education is in great demand.

    The Deputy Minister spoke in detail about the dynamic expansion of the association (the accession of new members: Egypt, Iran, the UAE, Saudi Arabia, Ethiopia, Indonesia) and the priorities of the educational agenda. This is the development of the BRICS Network University, recognition of qualifications, support for talented youth and the creation of its own BRICS university ranking.

    The key sections and plenary session were held at the Museum of Tomorrow. SPbPU was represented by a delegation consisting of Vladimir Shchepinin, Director of the Institute of Industrial Management, Economics and Trade; Ekaterina Belyaevskaya, Head of the Department of International Interuniversity Cooperation; and Nikita Lukashevich and Olga Ergunova, associate professors at the Graduate School of Management and Management. Vladimir Shchepinin spoke at one of the sessions, presenting the Polytechnic University as a key player in the scientific and educational space of Russia in the field of technological development. He drew the attention of the rectors’ community to the potential of SPbPU in solving the problems of sustainable development of the BRICS countries.

    At the thematic session “Artificial Intelligence and Education in the BRICS Countries”, Olga Ergunova presented a report “AI Optimization of Human Resource Management in Smart Cities”, based on the results of a large-scale scientific project supported by the Russian Science Foundation (grant No. 25-28-01469). She described in detail the neural network model developed under the auspices of the RSF for forecasting and managing labor markets in the BRICS megacities (Shanghai, Bangalore, Moscow, Sao Paulo).

    Olga Ergunova drew the attention of those gathered to a successful example of comprehensive cooperation between the BRICS countries — the international competition for young researchers “SMART CITY 2030: Sustainable Development Management of BRICS Cities”. The event was first held in 2024 in pilot mode and generated considerable interest. In 2025, the co-organizers of the competition are SPbPU, the Russian Institute of Tsinghua University (China), Lovely Professional University (India) and the Federal University of Rio de Janeiro (Brazil). The Rectors’ Forum provided an opportunity to announce the expansion of the competition and invite new representatives of the BRICS countries to participate.

    The SPbPU delegation held talks with existing partner universities in Brazil (these are nine leading universities in the country), and also met with new promising educational institutions and agencies. Among them are the Federal Agency for Technological Education, the Secretariat for Supervision and Development in Higher Education. Both agencies operate under the Ministry of Education of Brazil.

    Polytechnic University signed cooperation agreements with the Federal University of Fluminense and the Federal Rural University of Rio de Janeiro.

    During working meetings and negotiations with rectors and representatives of university delegations, projects in the field of joint research, academic mobility, joint educational programs of double degrees and the organization of summer schools were discussed.

    In the context of changing global educational landscapes, Brazilian universities are becoming key centers for ensuring the scientific and technological sovereignty of the BRICS countries. Their competencies in the field of sustainable development, green economy, bioeconomy, agribusiness, artificial intelligence and other areas, supplemented by Russian fundamental science, form a unique ecosystem of cooperation, its integration into the BRICS educational space through the mechanisms of the BRICS Network University. They allow the creation of new formats of cooperation that combine academic mobility with applied research in areas that are strategic for the countries, noted Vladimir Shchepinin.

    A pleasant surprise was the delegation’s meeting with a 1988 Polytechnic graduate, Electo Eduardo Silva Lora. He is currently a professor and holds the post of head of the Scientific Institute at the Federal University of Itajuba, a leading university in the field of electric power and electrical engineering. Electo Silva Lora spoke excellent Russian and recalled his teachers, professors at the Polytechnic University, with great warmth. He expressed a desire to renew scientific and academic ties with his alma mater and is already interacting with colleagues from the Institute of Power Engineering.

    In addition, Olga Ergunova visited the leading business school of Latin America — FGV EBAPE (Getulio Vargas Foundation), holder of the prestigious “Triple Crown” of accreditations (AACSB, AMBA, EQUIS). She held business negotiations with the director-dean of the school, Professor Flavio Carvalho de Vasconcelos and the head of the international department of Yuna Fontoura.

    Representatives of the school expressed interest in cooperation with SPbPU. During the negotiations, specific steps were outlined: organizing academic exchanges, joint research in the field of innovation management, technological development and sustainable production.

    For FGV EBAPE, it is always valuable to establish connections with leading universities in the world, such as SPbPU. We are interested in developing academic mobility and joint research initiatives, especially in areas related to technology and innovation, – emphasized Flavio Vasconcelos.

    Universities in Brazil represent a huge potential for partnership. Of course, everyone understands the difficulties and cost of logistics between our continents, but even this does not become an obstacle for such innovative projects as, for example, the Smart Cities competition. A number of government agencies support the mobility of Brazilian students, and these opportunities should be used. Brazil has created the strongest scientific centers and technology hubs in the field of research into renewable energy, artificial intelligence, agricultural and food technologies, oil and gas. Colleagues are interested in joint publications, the development of postgraduate programs, international grants for joint research. There is a lot of work to do to turn today’s agreements into real projects with the participation of the Polytechnic University, – Ekaterina Belyaevskaya summed up.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Professor of the State University of Management took part in the visiting meeting of the Public Council under the Ministry of Internal Affairs of Russia

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Professor of the Department of Public Administration and Political Technologies of the State University of Management Vladimir Volokh took part in the visiting meeting of the Public Council under the Ministry of Internal Affairs of Russia, which took place at the Moscow University of the Ministry of Internal Affairs of Russia named after V. Ya. Kikot – the largest methodological and scientific center, the flagship of departmental education.

    The Minister of Internal Affairs of the Russian Federation, Police General Vladimir Kolokoltsev took part in the visiting meeting of the Public Council under the Ministry of Internal Affairs of Russia and answered questions from graduates of departmental universities. The head of the department expressed confidence that the young generation of police officers, having received good theoretical knowledge, will cope with all challenges with dignity: “I am convinced that your integrity, efforts and achievements will contribute to the stability of the state and increase the level of trust of the population.”

    During the event, graduates of police universities had the opportunity to directly communicate with members of the Public Council under the Ministry of Internal Affairs of Russia – representatives of civil society, people who constructively cooperate with the department, actively participate in joint scientific and practical projects and campaigns, and openly and impartially assess the quality of the work of the law enforcement system.

    Of particular interest were topics such as combating cybercrime, the role of media and social networks in shaping public opinion about the police, migration, the introduction of positive foreign experience into the activities of internal affairs agencies, etc.

    At the end of the meeting, the Chairman of the Council, Anatoly Kucherena, presented the graduates of departmental educational organizations with a symbolic “Parting Word” from members of the Public Council under the Ministry of Internal Affairs of Russia.

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

    MIL OSI Russia News –

  • MIL-OSI Security: 20,000 malicious IPs and domains taken down in INTERPOL infostealer crackdown

    Source: Interpol (news and events)

    11 June 2025

    SINGAPORE – More than 20,000 malicious IP addresses or domains linked to information stealers have been taken down in an INTERPOL-coordinated operation against cybercriminal infrastructure.

    During Operation Secure (January – April 2025) law enforcement agencies from 26 countries worked to locate servers, map physical networks and execute targeted takedowns.

    Ahead of the operation, INTERPOL cooperated with private-sector partners Group-IB, Kaspersky and Trend Micro to produce Cyber Activity Reports, sharing critical intelligence with cyber teams across Asia. These coordinated efforts resulted in the takedown of 79 per cent of identified suspicious IP addresses.

    Participating countries reported the seizure of 41 servers and over 100 GB of data, as well as the arrest of 32 suspects linked to illegal cyber activities.

    What are infostealers?

    Infostealer malware is a primary tool for gaining unauthorized access to organizational networks. This type of malicious software extracts sensitive data from infected devices, often referred to as bots. The stolen information typically includes browser credentials, passwords, cookies, credit card details and cryptocurrency wallet data.

    Additionally, logs harvested by infostealers are increasingly traded on the cybercriminal underground and are frequently used as a gateway for further attacks. These logs often enable initial access for ransomware deployments, data breaches, and cyber-enabled fraud schemes such as Business Email Compromise (BEC).

    Following the operation, authorities notified over 216,000 victims and potential victims so they could take immediate action – such as changing passwords, freezing accounts, or removing unauthorized access.

    Operational highlights

    Vietnamese police arrested 18 suspects, seizing devices from their homes and workplaces. The group’s leader was found with over VND 300 million (USD 11,500) in cash, SIM cards and business registration documents, pointing to a scheme to open and sell corporate accounts.

    As part of their respective enforcement efforts under Operation Secure, house raids were carried out by authorities in Sri Lanka and Nauru. These actions led to the arrest of 14 individuals – 12 in Sri Lanka and two in Nauru – as well as the identification of 40 victims.

    The Hong Kong Police analysed over 1,700 pieces of intelligence provided by INTERPOL and identified 117 command-and-control servers hosted across 89 internet service providers. These servers were used by cybercriminals as central hubs to launch and manage malicious campaigns, including phishing, online fraud and social media scams.

    Neal Jetton, INTERPOL’s Director of Cybercrime, said:

    “INTERPOL continues to support practical, collaborative action against global cyber threats. Operation Secure has once again shown the power of intelligence sharing in disrupting malicious infrastructure and preventing large-scale harm to both individuals and businesses.”

    Notes to editors

    Operation Secure is a regional initiative organized under the Asia and South Pacific Joint Operations Against Cybercrime (ASPJOC) Project.

    Participating countries: Brunei, Cambodia, Fiji, Hong Kong (China), India, Indonesia, Japan, Kazakhstan, Kiribati, Korea (Rep of), Laos, Macau (China), Malaysia, Maldives, Nauru, Nepal, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam.
     

    MIL Security OSI –

  • MIL-OSI: Mattermost Names James Mullins as Vice President of Sales for EMEA and APAC

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., June 11, 2025 (GLOBE NEWSWIRE) — Mattermost, Inc., the trusted leader in secure, real-time collaboration and workflow solutions for defense, intelligence, security, and critical infrastructure, today announced the appointment of James Mullins as Vice President of Sales for Europe, Middle East, Africa (EMEA) and Asia Pacific (APAC) regions. Mullins brings more than three decades of experience in technology sales leadership, with a proven track record of driving global sales growth and developing strategic market initiatives.

    “James’ extensive experience in scaling sales organizations and his deep understanding of international markets make him the ideal leader to expand our presence across EMEA and APAC,” said Dave Reardon, CRO at Mattermost. “His expertise in enterprise sales and proven ability to drive growth will be invaluable as we continue to accelerate our global expansion and help more organizations enhance their secure collaboration capabilities.”

    Prior to joining Mattermost, Mullins led the business development function at Ripjar and KYC360, where he successfully implemented sales strategies that drove company growth.

    Throughout his career, he has held senior sales leadership positions where he has built and led high-performing global sales teams from startup to scale-up phases.

    “I’m thrilled to join Mattermost at such an exciting time in the company’s journey,” said Mullins. “The demand for secure, flexible collaboration solutions continues to grow exponentially, particularly among technical teams and organizations with complex security and compliance requirements. I look forward to working with the Mattermost team to expand our global footprint and deliver exceptional value to customers across EMEA and APAC.”

    Mullins has successfully sold into multiple vertical markets including Financial Services, Insurance, Telecommunications, Government, and Oil & Gas. His expertise in driving both sales and market development strategies has consistently delivered strong business results throughout his 30-year career in technology sales.

    In his new role, Mullins will focus on accelerating Mattermost’s growth strategy across EMEA and APAC regions, expanding the company’s enterprise customer base, and strengthening strategic partnerships to enhance market presence.

    About Mattermost

    Mattermost is the Intelligent Mission Environment that delivers secure chat operations and collaborative workflows for mission-critical work in defense, government, and critical infrastructure. Trusted by the U.S. Department of Defense and Fortune 500s, our open core platform powers focused, adaptable, secure, resilient operations across the most demanding environments. The platform supports Mission Operations, DevSecOps, and Cyber Defense with secure messaging, file sharing, audio calling, screen sharing, workflow automation, and AI assistance—available in self-hosted and on-demand deployments from strategic partners. Built on an open source platform shaped by 4,000+ contributors, Mattermost is co-developed with the world’s top security experts to meet the most demanding operational needs. Learn more at mattermost.com.

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    The MIL Network –

  • MIL-OSI: Heilind Asia Pacific Gear Up for Fastener Expo Shanghai 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 11, 2025 (GLOBE NEWSWIRE) — Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, fastener and sensor products. Heilind Asia Pacific, headquartered in Hong Kong and established in December 2012, taking place from June 17 to 19 at the National Exhibition and Convention Center (Shanghai) and will be showcasing a broad portfolio of advanced fastening products & solutions, designed to meet the evolving needs of industries such as automotive, industrial automation, energy, and consumer electronics.

    As part of our ongoing commitment to bringing top-tier interconnect and fastening innovations to Asia’s growing industrial market, join Heilind at Booth #1E510 in Hall 1.1, Heilind Asia Pacific is looking forward to engaging with engineers, procurement professionals, and partners across the supply chain. Technical specialists will be on-site to provide live demonstrations and application consultations.

    Event Details:

    Booth 1E510 Hall 1.1– Heilind Asia Pacific

    June 17–19, 2025

    National Exhibition and Convention Center (Shanghai)

    About Heilind Electronics
    Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, and sensor products. As the industry’s preeminent distributor, Heilind stocks the largest inventory of connector products in North America. We are Heilind franchised for over 150 of the industry’s leading manufacturers and offer products in over 25 component categories including connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, antennas, wire and cable, wiring accessories, insulation and identification products. Heilind has locations throughout the U.S., Canada, Mexico, Brazil, Singapore, Hong Kong, and China.

    Heilind Asia Pacific (www.heilindasia.com) commenced operations in Dec 2012. Besides being headquartered in Hong Kong, where it also has a distribution center and a value-added center, Heilind Asia now has 24 locations & 5 warehouses throughout Asia. Our industry leading service offering to customers in the Asia Pacific is the result of a commitment to the belief of “Distribution As It Should Be.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b27639-34ee-4c22-a54e-5d1dbdc242de

    The MIL Network –

  • MIL-OSI USA: Pallone Pushes for Stronger Consumer Protections from Robocalls, Robotexts

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    Warns that Republicans’ reconciliation bill, AI loopholes are undermining fight against scams

    WASHINGTON, DC — Congressman Frank Pallone, Jr. (NJ-06), top Democrat on the House Energy and Commerce Committee, warned today that New Jersey residents remain vulnerable to scams perpetrated through robocalls and robotexts despite progress in passing tough federal protections against robocalls.

    At an Energy and Commerce subcommittee hearing, Pallone called for stronger laws to combat the evolving tactics scammers now use, including artificial intelligence (AI) and spoofing. He also slammed Republican efforts to defund key consumer protection agencies that enforce robocall and robotext laws.

    “New Jerseyans know all too well how relentless and dangerous these robocalls and robotexts have become,” Pallone said. “They target seniors, small businesses, and families across our state – trying to steal personal information and hard-earned money. I’ve led this fight in Congress for years, and it’s clear we need to do more in the face of AI.”

    Pallone authored the landmark TRACED Act, signed into law in 2019, which strengthened the Federal Communications Commission’s (FCC) authority to crack down on illegal robocalls. It also required phone carriers to implement call authentication technology and expanded enforcement tools.

    But despite that progress, scammers are adapting fast. Americans received more than 52 billion robocalls in 2024—nearly 200 calls per adult—and robotext scams are rapidly increasing, targeting consumers with fraudulent links and fake messages.

    “In New Jersey, seniors are particularly at risk from these scams – phony Medicare calls, texts claiming to be from grandchildren in distress, or fake law enforcement threats. It’s infuriating, and we have to stay ahead of the scammers,” Pallone said.

    Pallone is pushing to update the TRACED Act to cover robotexts, impose additional penalties against robocalls and texts that use AI to trick consumers, and ensure consumers can access robocall-blocking technology at no extra cost. But he warned that Republican efforts to slash funding for the FCC and Federal Trade Commission (FTC) threaten to roll back enforcement – right as AI-powered scams surge.

    He also criticized House Republicans for supporting a 10-year moratorium on state enforcement of state AI laws, which would block adoption of innovative efforts by New Jersey and other states to combat illegal robocalls and robotexts.

    “We can’t allow Big Tech loopholes and budget cuts by Republicans and the Trump Administration to undermine the fight against scams. New Jerseyans deserve real protection and I’m going to keep leading this fight,” Pallone said.

    MIL OSI USA News –

  • MIL-OSI: CREDIT AGRICOLE FINANCEMENT DE L’HABITAT SFH : EARLY REPURCHASE OF ISIN FR001400JLZ4

    Source: GlobeNewswire (MIL-OSI)

    Montrouge, June 11, 2025

    Crédit Agricole Financement de l’Habitat SFH ANNOUNCES EARLY REPURCHASE OF

    EUR 3,250,000,000 “obligations de financement de l’habitat” Fixed Rate Notes issued on July 28, 2023 and due December 15, 2025 (ISIN: FR001400JLZ4)*

    Crédit Agricole Financement de l’Habitat SFH (the “Issuer”) announces today the early repurchase (the « Repurchase ») with effect on June 16, 2025 (the « Repurchase Date ») of all of its outstanding EUR 3,250,000,000 “obligations de financement de l’habitat” Fixed Rate Notes issued on July 28, 2023 and due December 15, 2025 (ISIN: FR001400JLZ4) (the « Notes ») pursuant to the Terms and Conditions of the Notes (the “Terms and Conditions”) included in the prospectus dated July 20, 2023, which was granted the visa n°23-326 by the Autorité des marchés financiers on July 20, 2023 (the “Prospectus”) at the market value determined today thereof, together with any accrued interest thereon (the “Repurchase Amount”).

    The holders of the Notes formally accepted the Repurchase of the Notes at these conditions.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.

    No communication or information relating to the redemption of the Notes may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Notes may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Notes in connection with the redemption of the Notes is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Notes for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Notes by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Notes. No representation is being made as to the correctness or accuracy of the ISIN number either as printed on the Notes or as contained herein and the holder may rely only on the identification numbers printed on its Note.

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat        + 33 1 57 72 12 19        
    alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain        + 33 1 43 23 25 41        olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.com – www.creditagricole.info

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    The MIL Network –