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Category: Politics

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today its distribution payment frequency will change from quarterly to monthly payments beginning in November 2024.

    As outlined in the table below, the Company declared a monthly distribution of $0.08 per share payable in November 2024, December 2024 and January 2025. This monthly distribution amount is equivalent to the $0.24 per share quarterly distribution paid by KYN on October 7, 2024.

    The Board of Directors and management understand how important distributions are to the Company’s investors and believe this change to KYN’s distribution policy will make it an attractive choice for investors who desire more frequent distribution payments.

    Payment of future distributions is subject to the approval of the Company’s Board of Directors.  It is the Company’s intention to declare monthly payments each month beginning with the monthly distribution payment expected to be made in February 2025.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    11/15/24 11/29/24 $0.08 0%(1)
    12/16/24 12/31/24 $0.08 75%(2)
    1/15/25 1/31/25 $0.08 75%(2)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2024 and may differ substantially from this preliminary information.
    (2) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at http://www.kaynefunds.com or http://www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: Innventure Sponsors Licensing Executives Society (LES) Annual Meeting 2024

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Oct. 10, 2024 (GLOBE NEWSWIRE) — Innventure (Nasdaq: INV), a technology commercialization platform, today announced its sponsorship of the Licensing Executives Society (USA & Canada), Inc. (LES) 2024 Annual Meeting. Innventure’s Gold Level sponsorship and attendance at the October 20-23 event in New Orleans underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “The LES Annual Meeting is like no other IP event you’ll go to,” said Bob Held, IP & Licensing Expert, Past President & Chair of the Board and part-time CEO of LES. “It brings together people from all walks of the IP life – students, university professors, CEOs of corporations, startups, mid-size companies, university tech transfer offices, government officials, attorneys, and consultants. It’s a forum where relationships are built that can last for decades, benefiting attendees both personally and professionally.”

    The LES Annual Meeting is a cornerstone event for professionals in intellectual property, licensing, and technology transfer. This year’s meeting is expected to draw over 500 attendees from around the world.

    The four-day event will feature over 30 panel sessions, 15 roundtable discussions, and distinguished keynote speakers, including Alaina van Horn, Chief of the Intellectual Property Enforcement (IPE) Branch of U.S. Customs and Border Protection, and Congressman Troy Carter. Topics will range from artificial intelligence and life sciences to data use in complex SEP licensing and recent legal updates across the U.S. and Europe.

    Innventure’s Gold Level sponsorship underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “We see tremendous value in supporting LES and its mission,” said Bill Haskell, CEO of Innventure. “Our model of commercializing breakthrough technologies aligns perfectly with the LES community’s focus on advancing the business of intellectual property.”

    At the LES Annual Meeting, Innventure will lead a workshop titled “Maximizing IP Value through Strategic Spin-Outs and Alternative Commercialization Approaches” that is scheduled for October 22, from 11:15 a.m. to 12:15 p.m. in Galerie 4 (2nd Floor). This panel will feature Innventure executives Gayle Anderson and Tom Cripe, alongside David Rikkers of Expedited Climb Capital LLC. This interactive session, conducted in a talk show format with Q&A, is designed for seasoned IP executives and professionals seeking to understand the nuances of technology transfer and spin-outs.

    The LES Annual Meeting provides unparalleled networking opportunities and insights into the evolving landscape of IP and technology commercialization.

    Representatives from Innventure will be on-site at the New Orleans Marriott, and available for meetings. Please visit them at the Innventure booth or reach out to Erin Steigerwalt, Innventure events manager.

    “In today’s rapidly changing IP environment, staying informed and connected is crucial,” Held said. “Whether it’s understanding the impact of generative AI on patents or keeping up with judicial rulings, LES offers the knowledge and connections needed to navigate these challenges effectively.”

    For more information about the LES Annual Meeting 2024 and to register, visit https://les2024.org/ or Innventure.com.

    About Innventure
    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    About LES
    Established in 1965, the Licensing Executives Society (U.S.A. and Canada), Inc. (LES) is the largest member society of the Licensing Executives Society International, Inc. (LESI). LES has over 1,600 members and LESI has over 6500 members engaged in the creation, commercial development, and orderly transfer of intellectual property rights; protection and management of intellectual capital; and intellectual capital management standards development.

    Events Manager Contact

    Events Manager Contact: Erin Steigerwalt, Innventure
    esteigerwalt@innventure.com

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com 

    The MIL Network –

  • MIL-OSI: TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

    Source: GlobeNewswire (MIL-OSI)

    GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 2024. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on October 22, 2024. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 034120.   A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 285814.

    The call will also be audio webcast at https://events.q4inc.com/attendee/854762065, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.

    TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 138 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit http://www.trustcobank.com.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.

    The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    Subsidiary: Trustco Bank NASDAQ — TRST

    Contact:    Robert Leonard
    Executive Vice President
    (518) 381-3693
         

    The MIL Network –

  • MIL-OSI: Abraxas Power Corp and Exploits Valley Renewable Energy Corporation Announce Strategic Master Lease Option Agreement for the Port of Botwood

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Abraxas Power Corp. (“Abraxas”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), are pleased to announce the signing of a Master Lease Option Agreement (the “Agreement”) with Exploits Marine and Logistics Inc. and Exploits Valley Port Corporation for use of the Port of Botwood in EVREC’s green hydrogen and ammonia project in central Newfoundland.

    The Agreement, which spans a term of thirty years, will facilitate EVREC’s green hydrogen and ammonia production and operations related to the transmission and loading of green ammonia onto marine transport vessels for shipment to Europe and other global markets. The Agreement includes extension terms that allow EVREC to extend the lease for additional five-year terms.

    “This Agreement marks another major milestone in the development of our project and is a pivotal step towards building out the key infrastructure as the project continues through the development phase,” said Dean Comand, President and COO of Abraxas Power. “We are excited to collaborate with Exploits Marine and the Port Corporation to create a state-of-the-art facility that will not only enhance our operational capacity but also contribute to global sustainable energy goals.”

    The parties have also signed a five-year Construction Lease Option Agreement to facilitate the necessary activities that will lead up to commercial operation of the project.

    Scott Sceviour, Chair of the Exploits Valley Port Corporation added “Our partnership with EVREC is a testament to our shared vision of fostering innovation in the renewable energy sector and re-energizing our community’s economic outlook by providing shared infrastructure for other developments expected within the region. We are dedicated to collaborating on the infrastructure necessary for their success and to promoting environmentally responsible practices in our community.”

    Botwood Mayor James Sceviour added “We are pleased to continue working with EVREC on such an important and significant project for central Newfoundland. Investments at the local level not only fuel the global transition to sustainable energy but also ignites economic growth for other developments, creates jobs, and fosters resilience in our communities.”

    About Abraxas Power:

    Abraxas Power is a pioneering energy transition developer focused on decarbonizing hard-to-abate sectors and creating value by solving the current and future challenges of the energy transition. Abraxas Power’s broad mandate allows it to see opportunities across technologies and geographies to transform the global energy industry. Our team has extensive experience in leading, financing, and solving the challenges associated with energy transition, and a proven track record of delivering complex, large-scale development projects across various disciplines, including renewable power and storage, hydrogen and ammonia production, industrial and precious metals, large-scale project construction, and operations at scale. The team possesses strong project finance and capital markets experience and has a history of creating value for shareholders, stakeholders, and the communities they live in. Abraxas has signed strategic partnerships with various global strategics and technology providers.

    Abraxas has secured over US$9 billion in capital projects through competitive government awards over the past year in furtherance of the energy transition, including our marquis Exploits Valley Renewable Energy Corporation (“EVREC”) project.

    To learn more, visit http://www.abraxaspower.com 

    The MIL Network –

  • MIL-OSI: AMD Delivers Leadership AI Performance with AMD Instinct MI325X Accelerators

    Source: GlobeNewswire (MIL-OSI)

    ─ Latest accelerators offer market leading HBM3E memory capacity and are supported by partners and customers including Dell Technologies, HPE, Lenovo, Supermicro and others ─

    ─ AMD Pensando Salina DPU offers 2X generational performance and AMD Pensando Pollara 400 is industry’s first UEC ready NIC─

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced the latest accelerator and networking solutions that will power the next generation of AI infrastructure at scale: AMD Instinct™ MI325X accelerators, the AMD Pensando™ Pollara 400 NIC and the AMD Pensando Salina DPU. AMD Instinct MI325X accelerators set a new standard in performance for Gen AI models and data centers.

    Built on the AMD CDNA™ 3 architecture, AMD Instinct MI325X accelerators are designed for exceptional performance and efficiency for demanding AI tasks spanning foundation model training, fine-tuning and inferencing. Together, these products enable AMD customers and partners to create highly performant and optimized AI solutions at the system, rack and data center level.

    “AMD continues to deliver on our roadmap, offering customers the performance they need and the choice they want, to bring AI infrastructure, at scale, to market faster,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions Business Group, AMD. “With the new AMD Instinct accelerators, EPYC processors and AMD Pensando networking engines, the continued growth of our open software ecosystem, and the ability to tie this all together into optimized AI infrastructure, AMD underscores the critical expertise to build and deploy world class AI solutions.”

    AMD Instinct MI325X Extends Leading AI Performance
    AMD Instinct MI325X accelerators deliver industry-leading memory capacity and bandwidth, with 256GB of HBM3E supporting 6.0TB/s offering 1.8X more capacity and 1.3x more bandwidth than the H2001. The AMD Instinct MI325X also offers 1.3X greater peak theoretical FP16 and FP8 compute performance compared to H2001.

    This leadership memory and compute can provide up to 1.3X the inference performance on Mistral 7B at FP162, 1.2X the inference performance on Llama 3.1 70B at FP83 and 1.4X the inference performance on Mixtral 8x7B at FP16 of the H2004.

    AMD Instinct MI325X accelerators are currently on track for production shipments in Q4 2024 and are expected to have widespread system availability from a broad set of platform providers, including Dell Technologies, Eviden, Gigabyte, Hewlett Packard Enterprise, Lenovo, Supermicro and others starting in Q1 2025.

    Continuing its commitment to an annual roadmap cadence, AMD previewed the next-generation AMD Instinct MI350 series accelerators. Based on AMD CDNA 4 architecture, AMD Instinct MI350 series accelerators are designed to deliver a 35x improvement in inference performance compared to AMD CDNA 3-based accelerators5.

    The AMD Instinct MI350 series will continue to drive memory capacity leadership with up to 288GB of HBM3E memory per accelerator. The AMD Instinct MI350 series accelerators are on track to be available during the second half of 2025.

    AMD Next-Gen AI Networking
    AMD is leveraging the most widely deployed programmable DPU for hyperscalers to power next-gen AI networking. Split into two parts: the front-end, which delivers data and information to an AI cluster, and the backend, which manages data transfer between accelerators and clusters, AI networking is critical to ensuring CPUs and accelerators are utilized efficiently in AI infrastructure.

    To effectively manage these two networks and drive high performance, scalability and efficiency across the entire system, AMD introduced the AMD Pensando™ Salina DPU for the front-end and the AMD Pensando™ Pollara 400, the industry’s first Ultra Ethernet Consortium (UEC) ready AI NIC, for the back-end.

    The AMD Pensando Salina DPU is the third generation of the world’s most performant and programmable DPU, bringing up to 2X the performance, bandwidth and scale compared to the previous generation. Supporting 400G throughput for fast data transfer rates, the AMD Pensando Salina DPU is a critical component in AI front-end network clusters, optimizing performance, efficiency, security and scalability for data-driven AI applications.

    The UEC-ready AMD Pensando Pollara 400, powered by the AMD P4 Programmable engine, is the industry’s first UEC-ready AI NIC. It supports the next-gen RDMA software and is backed by an open ecosystem of networking. The AMD Pensando Pollara 400 is critical for providing leadership performance, scalability and efficiency of accelerator-to-accelerator communication in back-end networks.

    Both the AMD Pensando Salina DPU and AMD Pensando Pollara 400 are sampling with customers in Q4’24 and are on track for availability in the first half of 2025.

    AMD AI Software Delivering New Capabilities for Generative AI
    AMD continues its investment in driving software capabilities and the open ecosystem to deliver powerful new features and capabilities in the AMD ROCm™ open software stack.

    Within the open software community, AMD is driving support for AMD compute engines in the most widely used AI frameworks, libraries and models including PyTorch, Triton, Hugging Face and many others. This work translates to out-of-the-box performance and support with AMD Instinct accelerators on popular generative AI models like Stable Diffusion 3, Meta Llama 3, 3.1 and 3.2 and more than one million models at Hugging Face.

    Beyond the community, AMD continues to advance its ROCm open software stack, bringing the latest features to support leading training and inference on Generative AI workloads. ROCm 6.2 now includes support for critical AI features like FP8 datatype, Flash Attention 3, Kernel Fusion and more. With these new additions, ROCm 6.2, compared to ROCm 6.0, provides up to a 2.4X performance improvement on inference6 and 1.8X on training for a variety of LLMs7.

    Supporting Resources

    • Follow AMD on LinkedIn
    • Follow AMD on Twitter
    • Read more about AMD Next Generation AI Networking here
    • Read more about AMD Instinct Accelerators here
    • Visit the AMD Advancing AI: 2024 event page

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and X pages.

    CAUTIONARY STATEMENT

    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Instinct™ MI325X accelerators; AMD Pensando™ Salina DPU; AMD Pensando Pollara 400; continued growth of AMD’s open software ecosystem; AMD Instinct MI350 series accelerators, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;  impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, AMD CDNA, AMD Instinct, Pensando, ROCm, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    ________________________________

    1MI325-002 -Calculations conducted by AMD Performance Labs as of May 28th, 2024 for the AMD Instinct™ MI325X GPU resulted in 1307.4 TFLOPS peak theoretical half precision (FP16), 1307.4 TFLOPS peak theoretical Bfloat16 format precision (BF16), 2614.9 TFLOPS peak theoretical 8-bit precision (FP8), 2614.9 TOPs INT8 floating-point performance. Actual performance will vary based on final specifications and system configuration.
    Published results on Nvidia H200 SXM (141GB) GPU: 989.4 TFLOPS peak theoretical half precision tensor (FP16 Tensor), 989.4 TFLOPS peak theoretical Bfloat16 tensor format precision (BF16 Tensor), 1,978.9 TFLOPS peak theoretical 8-bit precision (FP8), 1,978.9 TOPs peak theoretical INT8 floating-point performance. BFLOAT16 Tensor Core, FP16 Tensor Core, FP8 Tensor Core and INT8 Tensor Core performance were published by Nvidia using sparsity; for the purposes of comparison, AMD converted these numbers to non-sparsity/dense by dividing by 2, and these numbers appear above. 
    Nvidia H200 source:  https://nvdam.widen.net/s/nb5zzzsjdf/hpc-datasheet-sc23-h200-datasheet-3002446 and https://www.anandtech.com/show/21136/nvidia-at-sc23-h200-accelerator-with-hbm3e-and-jupiter-supercomputer-for-2024
    Note: Nvidia H200 GPUs have the same published FLOPs performance as H100 products https://resources.nvidia.com/en-us-tensor-core/.

    2 Based on testing completed on 9/28/2024 by AMD performance lab measuring overall latency for Mistral-7B model using FP16 datatype. Test was performed using input length of 128 tokens and an output length of 128 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 0.637 sec (latency in seconds)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 0.811 sec (latency in seconds)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X 16-Core Processor CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs [only 1 GPU was used in this test], Ubuntu 22.04), CUDA 12.6 Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations. MI325-005

    3 MI325-006: Based on testing completed on 9/28/2024 by AMD performance lab measuring overall latency for LLaMA 3.1-70B model using FP8 datatype. Test was performed using input length of 2048 tokens and an output length of 2048 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 48.025 sec (latency in seconds)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 62.688 sec (latency in seconds)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X 16-Core Processor CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs, Ubuntu 22.04), CUDA 12.6

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    4 MI325-004: Based on testing completed on 9/28/2024 by AMD performance lab measuring text generated throughput for Mixtral-8x7B model using FP16 datatype. Test was performed using input length of 128 tokens and an output length of 4096 tokens for the following configurations of AMD Instinct™ MI325X GPU accelerator and NVIDIA H200 SXM GPU accelerator.

    1x MI325X at 1000W with vLLM performance: 4598 (Output tokens / sec)
    Vs.
    1x H200 at 700W with TensorRT-LLM: 2700.7 (Output tokens / sec)

    Configurations:
    AMD Instinct™ MI325X reference platform:
    1x AMD Ryzen™ 9 7950X CPU, 1x AMD Instinct MI325X (256GiB, 1000W) GPU, Ubuntu® 22.04, and ROCm™ 6.3 pre-release
    Vs
    NVIDIA H200 HGX platform:
    Supermicro SuperServer with 2x Intel Xeon® Platinum 8468 Processors, 8x Nvidia H200 (140GB, 700W) GPUs [only 1 GPU was used in this test], Ubuntu 22.04) CUDA® 12.6

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    5 CDNA4-03: Inference performance projections as of May 31, 2024 using engineering estimates based on the design of a future AMD CDNA 4-based Instinct MI350 Series accelerator as proxy for projected AMD CDNA™ 4 performance. A 1.8T GPT MoE model was evaluated assuming a token-to-token latency = 70ms real time, first token latency = 5s, input sequence length = 8k, output sequence length = 256, assuming a 4x 8-mode MI350 series proxy (CDNA4) vs. 8x MI300X per GPU performance comparison.. Actual performance will vary based on factors including but not limited to final specifications of production silicon, system configuration and inference model and size used.

    6 MI300-62: Testing conducted by internal AMD Performance Labs as of September 29, 2024 inference performance comparison between ROCm 6.2 software and ROCm 6.0 software on the systems with 8 AMD Instinct™ MI300X GPUs coupled with Llama 3.1-8B, Llama 3.1-70B, Mixtral-8x7B, Mixtral-8x22B, and Qwen 72B models.

    ROCm 6.2 with vLLM 0.5.5 performance was measured against the performance with ROCm 6.0 with vLLM 0.3.3, and tests were performed across batch sizes of 1 to 256 and sequence lengths of 128 to 2048.

    Configurations:
    1P AMD EPYC™ 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5 TiB (24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, , ROCm 6.2.0-00, vLLM 0.5.5, PyTorch 2.4.0, Ubuntu® 22.04 LTS with Linux kernel 5.15.0-119-generic.
    vs.
    1P AMD EPYC 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5TiB 24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, ROCm 6.0.0-00, vLLM 0.3.3, PyTorch 2.1.1, Ubuntu 22.04 LTS with Linux kernel 5.15.0-119-generic.

    Server manufacturers may vary configurations, yielding different results. Performance may vary based on factors including but not limited to different versions of configurations, vLLM, and drivers.

    7 MI300-61: Measurements conducted by AMD AI Product Management team on AMD Instinct™ MI300X GPU for comparing large language model (LLM) performance with optimization methodologies enabled and disabled as of 9/28/2024 on Llama 3.1-70B and Llama 3.1-405B and vLLM 0.5.5.

    System Configurations:
    – AMD EPYC 9654 96-Core Processor, 8 x AMD MI300X, ROCm™ 6.1, Linux® 7ee7e017abe3 5.15.0-116-generic #126-Ubuntu® SMP Mon Jul 1 10:14:24 UTC 2024 x86_64 x86_64 x86_64 GNU/Linux, Frequency boost: enabled.

    Performance may vary on factors including but not limited to different versions of configurations, vLLM, and drivers.

    Contact:
    Aaron Grabein
     AMD Communications
    +1 737-256-9518
    aaron.grabein@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790 
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: AMD Launches New Ryzen™ AI PRO 300 Series Processors to Power Next Generation of Commercial PCs

    Source: GlobeNewswire (MIL-OSI)

    – New processors deliver unprecedented AI compute capabilities1and multi-day battery life2, enabling incredible productivity for business users –

    – AMD continues to expand commercial portfolio; more than 100 Ryzen AI PRO PCs on-track to launch through 2025 –

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced its third generation commercial AI mobile processors, designed specifically to transform business productivity with Copilot+ features including live captioning and language translation in conference calls and advanced AI image generators. The new Ryzen AI PRO 300 Series processors deliver industry-leading AI compute3, with up to three times the AI performance than the previous generation4, and offer uncompromising performance for everyday workloads. Enabled with AMD PRO Technologies, the Ryzen AI PRO 300 Series processors offer world-class security and manageability features designed to streamline IT operations and ensure exceptional ROI for businesses.

    Ryzen AI PRO 300 Series processors feature new AMD “Zen 5” architecture, delivering outstanding CPU performance, and are the world’s best line up of commercial processors for Copilot+ enterprise PCs5. Laptops equipped with Ryzen AI PRO 300 Series processors are designed to tackle business’ toughest workloads, with the top-of-stack Ryzen AI 9 HX PRO 375 offering up to 40% higher performance6 and up to 14% faster productivity performance7 compared to Intel’s Core Ultra 7 165U. With the addition of XDNA™ 2 architecture powering the integrated NPU, AMD Ryzen AI PRO 300 Series processors offer a cutting-edge 50+ NPU TOPS (Trillions of Operations Per Second) of AI processing power, exceeding Microsoft’s Copilot+ AI PC requirements89 and delivering exceptional AI compute and productivity capabilities for the modern business. Built on a 4nm process and with innovative power management, the new processors deliver extended battery life ideal for sustained performance and productivity on the go.

    “Enterprises are increasingly demanding more compute power and efficiency to drive their everyday tasks and most taxing workloads. We are excited to add the Ryzen AI PRO 300 Series, the most powerful AI processor built for business PCs10, to our portfolio of mobile processors,” said Jack Huynh, senior vice president and general manager, Computing and Graphics Group at AMD. “Our third generation AI-enabled processors for business PCs deliver unprecedented AI processing capabilities with incredible battery life and seamless compatibility for the applications users depend on.”

    AMD Ryzen AI PRO 300 Series Mobile Processors

    Model Cores/Threads Boost11/ Base Frequency Total Cache Graphics Model
    AMD    		 cTDP TOPS
    AMD Ryzen™ AI 9 HX PRO 375 12C/24T Up to 5.1GHz/
    2GHz    		 36MB Radeon™ 890M Graphics 15-54W Up to 55
    AMD Ryzen™ AI 9 HX PRO 370 12C/24T Up to 5.1GHz/
    2GHz    		 36MB Radeon™ 890M Graphics 15-54W Up to 50
    AMD Ryzen™ AI 7 PRO 360 8C/16T Up to 5GHz/
    2GHz    		 24MB AMD Radeon™ 880M Graphics 15-54W Up to 50


    AMD Continues to Expand Commercial OEM Ecosystem

    OEM partners continue to expand their commercial offerings with new PCs powered by Ryzen AI PRO 300 Series processors, delivering well-rounded performance and compatibility to their business customers. With industry leading TOPS, the next generation of Ryzen processor-powered commercial PCs are set to expand the possibilities of local AI processing with Microsoft Copilot+. OEM systems powered by Ryzen AI PRO 300 Series are expected to be on shelf starting later this year.

    “Microsoft’s partnership with AMD and the integration of Ryzen AI PRO processors into Copilot+ PCs demonstrate our joint focus on delivering impactful AI-driven experiences for our customers. The Ryzen AI PRO’s performance, combined with the latest features in Windows 11, enhances productivity, efficiency, and security,” said Pavan Davuluri, corporate vice president, Windows+ Devices, Microsoft. “Features like Improved Windows Search, Recall, and Click to Do make PCs more intuitive and responsive. Security enhancements, including the Microsoft Pluton security processor and Windows Hello Enhanced Sign-in Security, help safeguard customer data with advanced protection. We’re proud of our strong history of collaboration with AMD and are thrilled to bring these innovations to market.”

    “In today’s AI-powered era of computing, HP is dedicated to delivering powerful innovation and performance that revolutionizes the way people work,” said Alex Cho, president of Personal Systems, HP. “With the HP EliteBook X Next-Gen AI PC, we are empowering modern leaders to push boundaries without compromising power or performance. We are proud to expand our AI PC lineup powered by AMD, providing our commercial customers with a truly personalized experience.”

    “Lenovo’s partnership with AMD continues to drive AI PC innovation and deliver supreme performance for our business customers. Our recently announced ThinkPad T14s Gen 6 AMD, powered by the latest AMD Ryzen AI PRO 300 Series processors, showcases the strength of our collaboration,” said Luca Rossi, president, Lenovo Intelligent Devices Group. “This device offers outstanding AI computing power, enhanced security, and exceptional battery life, providing professionals with the tools they need to maximize productivity and efficiency. Together with AMD, we are transforming the business landscape by delivering smarter, AI-driven solutions that empower users to achieve more.”

    New PRO Technologies Features Build Upon Leadership Security and Management Features

    In addition to AMD Secure Processor12, AMD Shadow Stack and AMD Platform Secure Boot, AMD has expanded its PRO Technologies lineup with new security and manageability features. Processors equipped with PRO Technologies will now come standard with Cloud Bare Metal Recovery, allowing IT teams to seamlessly recover systems via the cloud ensuring smooth and continuous operations; Supply Chain Security (AMD Device Identity), a new supply chain security function, enabling traceability across the supply chain; and Watch Dog Timer, building on existing resiliency support with additional detection and recovery processes.

    Additional AI-based malware detection is available via PRO Technologies with select ISV partners. These new security features leverage the integrated NPU to run AI-based security workloads without impacting day-to-day performance.

    Supporting Resources

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Ryzen™ AI PRO 300 Series mobile processors, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    © 2024 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, Radeon, RDNA, Ryzen, XDNA and combinations thereof are trademarks of Advanced Micro Devices, Inc. Certain AMD technologies may require third-party enablement or activation. Supported features may vary by operating system. Please confirm with the system manufacturer for specific features. No technology or product can be completely secure.

    The information contained herein is for informational purposes only and is subject to change without notice. Timelines, roadmaps, and/or product release dates shown in this Press Release are plans only and subject to change.

    1 As of May 2023, AMD has the first available dedicated AI engine on an x86 Windows processor, where ‘dedicated AI engine’ is defined as an AI engine that has no function other than to process AI inference models and is part of the x86 processor die. For detailed information, please check: https://www.amd.com/en/technologies/xdna.html. PHX-3a.
    2 All battery life claims are approximate. Actual battery life will vary based on several factors, including, but not limited to: product configuration and usage, software, operating conditions, wireless functionality, power management settings, screen brightness and other factors. The maximum capacity of the battery will naturally decrease with time and use. AMD has not independently tested or verified the battery life claim. GD-168.
    3 Based on AMD product specifications and competitive products announced as of Oct 2024. AMD Ryzen™ AI PRO 300 Series processors’ NPU offers up to 55 peak TOPS. This is the most TOPS offered on any system found in enterprise today. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-06.
    4 Based on TOPS specification of AMD Ryzen™ AI 300 Series processors with 50 TOPS compared to an AMD Ryzen 8040 Series processors with 16 TOPS as of June 2024. STX-01. 
    5 Based on product specifications and competitive products announced as of Oct 2024 and testing as of Sept 2024 by AMD performance labs using the following systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @23W, Radeon 880M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 PRO; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. All systems were tested in Best Performance Mode. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-04.
    6 Testing as of Sept 2024 by AMD performance labs on an HP EliteBook X G1a (14in) (40W) with AMD Ryzen AI 9 HX PRO 375 processor, Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro vs. a Dell Latitude 7450 with an Intel Core Ultra 7 165H processor (vPro enabled), Intel Arc Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro in the application(s) (Best Performance Mode): Cinebench R24 nT. Laptop manufactures may vary configurations yielding different results. STXP-12.
    7  Testing as of Sept 2024 by AMD performance labs using the following systems: (1) HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor (@40W), Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro; (2) Dell Latitude 7450 with Intel Core Ultra 7 165U processor (@15W) (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; and (3) Dell Latitude 7450 with Intel Core Ultra 7 165H processor (@28W) (vPro enabled), Intel Integrated, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. Tested applications (in Balanced Mode) include: Procyon Office Productivity, Procyon Office Productivity Excel, Procyon Office Productivity Outlook, Procyon Office Productivity Power Point, Procyon Office Productivity Word, Composite Geomean Score. Laptop manufactures may vary configurations yielding different results. STXP-18.
    8 Based on Microsoft Copilot+ requirements of minimum 40 TOPS using AMD product specifications and competitive products announced as of Oct 2024. Microsoft requirements found here – https://support.microsoft.com/en-us/topic/copilot-pc-hardware-requirements-35782169-6eab-4d63-a5c5-c498c3037364. STXP-05.
    9 Trillions of Operations per Second (TOPS) for an AMD Ryzen processor is the maximum number of operations per second that can be executed in an optimal scenario and may not be typical. TOPS may vary based on several factors, including the specific system configuration, AI model, and software version. GD-243.
    10 Testing as of Sept 2024 by AMD performance labs using the following benchmarks: Blender, Cinebench R24, Geekbench 6.3, and Passmark 11, systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @54W, Radeon 880M graphics, 32GB of RAM, 512GB SSD; Lenovo ThinkPad T14s Gen 6 with AMD Ryzen™ AI 7 PRO 360 processor @22W, Radeon™ 880M graphics, 32GB RAM, 1TB SSD; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, 32GB RAM, 512GB NVMe SSD; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, 16GB RAM, 512GB NVMe SSD,. All systems Windows 11 Pro, VBS=ON, and tested in Best Performance Mode. PassMark is a registered trademark of PassMark Software Pty Ltd. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STXP-07.
    11 Boost Clock Frequency is the maximum frequency achievable on the CPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-150
    12 The AMD Secure Processor is a dedicated on-chip security processor integrated within each system-on-a-chip (SoC) and ASIC (Application Specific Integrated Circuit) designed by AMD. It enables secure boot with root of trust anchored in hardware, initializes the SoC through a secure boot flow, and establishes an isolated Trusted Execution Environment. GD-72.

    Contact:
    Stacy MacDiarmid
    AMD Communications
    +1 512-658-2265
    Stacy.MacDiarmid@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790
    Mitch.Haws@amd.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c67477ae-0d96-4936-91ba-cd836bfa321e

    The MIL Network –

  • MIL-OSI: AMD Unveils Leadership AI Solutions at Advancing AI 2024

    Source: GlobeNewswire (MIL-OSI)

    — AMD launches 5thGen AMD EPYC processors, AMD Instinct MI325X accelerators, next gen networking solutions and AMD Ryzen AI PRO processors powering enterprise AI at scale —

    — Dell, Google Cloud, HPE, Lenovo, Meta, Microsoft, Oracle Cloud Infrastructure, Supermicro and AI leaders Databricks, Essential AI, Fireworks AI, Luma AI and Reka AI joined AMD to showcase expanding AMD AI solutions for enterprises and end users —

    — Technical leaders from Cohere, Google DeepMind, Meta, Microsoft, OpenAI and more discussed how they are using AMD ROCm software to deploy models and applications on AMD Instinct accelerators —

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today launched the latest high performance computing solutions defining the AI computing era, including 5th Gen AMD EPYC™ server CPUs, AMD Instinct™ MI325X accelerators, AMD Pensando™ Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen™ AI PRO 300 series processors for enterprise AI PCs. AMD and its partners also showcased how they are deploying AMD AI solutions at scale, the continued ecosystem growth of AMD ROCm™ open source AI software, and a broad portfolio of new solutions based on AMD Instinct accelerators, EPYC CPUs and Ryzen PRO CPUs.

    “The data center and AI represent significant growth opportunities for AMD, and we are building strong momentum for our EPYC and AMD Instinct processors across a growing set of customers,” said AMD Chair and CEO Dr. Lisa Su. “With our new EPYC CPUs, AMD Instinct GPUs and Pensando DPUs we are delivering leadership compute to power our customers’ most important and demanding workloads. Looking ahead, we see the data center AI accelerator market growing to $500 billion by 2028. We are committed to delivering open innovation at scale through our expanded silicon, software, network and cluster-level solutions.”

    Defining the Data Center in the AI Era
    AMD announced a broad portfolio of data center solutions for AI, enterprise, cloud and mixed workloads:

    • New AMD EPYC 9005 Series processors deliver record-breaking performance1 to enable optimized compute solutions for diverse data center needs. Built on the latest “Zen 5” architecture, the lineup offers up to 192 cores and will be available in a wide range of platforms from leading OEMs and ODMs starting today.
    • AMD continues executing its annual cadence of AI accelerators with the launch of AMD Instinct MI325X, delivering leadership performance and memory capabilities for the most demanding AI workloads. AMD also shared new details on next-gen AMD Instinct MI350 series accelerators expected to launch in the second half of 2025, extending AMD Instinct leadership memory capacity and generative AI performance. AMD has made significant progress developing the AMD Instinct MI400 Series accelerators based on the AMD CDNA Next architecture, planned to be available in 2026.
    • AMD has continuously improved its AMD ROCm software stack, doubling AMD Instinct MI300X accelerator inferencing and training performance2 across a wide range of the most popular AI models. Today, over one million models run seamlessly out of the box on AMD Instinct, triple the number available when MI300X launched, with day-zero support for the most widely used models.
    • AMD also expanded its high performance networking portfolio to address evolving system networking requirements for AI infrastructure, maximizing CPU and GPU performance to deliver performance, scalability and efficiency across the entire system. The AMD Pensando Salina DPU delivers a high performance front-end network for AI systems, while the AMD Pensando Pollara 400, the first Ultra Ethernet Consortium ready NIC, reduces the complexity of performance tuning and helps improve time to production.

    AMD partners detailed how they leverage AMD data center solutions to drive leadership generative AI capabilities, deliver cloud infrastructure used by millions of people daily and power on-prem and hybrid data centers for leading enterprises:

    • Since launching in December 2023, AMD Instinct MI300X accelerators have been deployed at scale by leading cloud, OEM and ODM partners and are serving millions of users daily on popular AI models, including OpenAI’s ChatGPT, Meta Llama and over one million open source models on the Hugging Face platform.
    • Google highlighted how AMD EPYC processors power a wide range of instances for AI, high performance, general purpose and confidential computing, including their AI Hypercomputer, a supercomputing architecture designed to maximize AI ROI. Google also announced EPYC 9005 Series-based VMs will be available in early 2025.
    • Oracle Cloud Infrastructure shared how it leverages AMD EPYC CPUs, AMD Instinct accelerators and Pensando DPUs to deliver fast, energy efficient compute and networking infrastructure for customers like Uber, Red Bull Powertrains, PayPal and Fireworks AI. OCI announced the new E6 compute platform powered by EPYC 9005 processors.
    • Databricks highlighted how its models and workflows run seamlessly on AMD Instinct and ROCm and disclosed that their testing shows the large memory capacity and compute capabilities of AMD Instinct MI300X GPUs help deliver an over 50% increase in performance on Llama and Databricks proprietary models.
    • Microsoft CEO Satya Nadella highlighted Microsoft’s longstanding collaboration and co-innovation with AMD across its product offerings and infrastructure, with MI300X delivering strong performance on Microsoft Azure and GPT workloads. Nadella and Su also discussed the companies’ deep partnership on the AMD Instinct roadmap and how Microsoft is planning to leverage future generations of AMD Instinct accelerators including MI350 series and beyond to deliver leadership performance-per-dollar-per-watt for AI applications.
    • Meta detailed how AMD EPYC CPUs and AMD Instinct accelerators power its compute infrastructure across AI deployments and services, with MI300X serving all live traffic on Llama 405B. Meta is also partnering with AMD to optimize AI performance from silicon, systems, and networking to software and applications.
    • Leading OEMs Dell, HPE, Lenovo and Supermicro are expanding on their highly performant, energy efficient AMD EPYC processor-based lineups with new platforms designed to modernize data centers for the AI era.

    Expanding an Open AI Ecosystem
    AMD continues to invest in the open AI ecosystem and expand the AMD ROCm open source software stack with new features, tools, optimizations and support to help developers extract the ultimate performance from AMD Instinct accelerators and deliver out-of-the-box support for today’s leading AI models. Leaders from Essential AI, Fireworks AI, Luma AI and Reka AI discussed how they are optimizing models across AMD hardware and software.

    AMD also hosted a developer event joined by technical leaders from across the AI developer ecosystem, including Microsoft, OpenAI, Meta, Cohere, xAI and more. Luminary presentations hosted by the inventors of popular AI programming languages, models and frameworks critical to the AI transformation taking place, such as Triton, TensorFlow, vLLM and Paged Attention, FastChat and more, shared how developers are unlocking AI performance optimizations through vendor agnostic programming languages, accelerating models on AMD Instinct accelerators, and highlighted the ease of use porting to ROCm software and how the ecosystem is benefiting from an open-source approach.

    Enabling Enterprise Productivity with AI PCs
    AMD launched AMD Ryzen AI PRO 300 Series processors, powering the first Microsoft Copilot+ laptops enabled for the enterprise3. The Ryzen AI PRO 300 Series processor lineup extends AMD leadership in performance and battery life with the addition of enterprise-grade security and manageability features for business users.

    • The Ryzen AI PRO 300 Series processors, featuring the new AMD “Zen 5” and AMD XDNA™ 2 architectures, are the world’s most advanced commercial processors4, offering best in class performance for unmatched productivity5 and an industry leading 55 NPU TOPS6 of AI performance with the Ryzen AI 9 HX PRO 375 processor to process AI tasks locally on Ryzen AI PRO laptops.
    • Microsoft highlighted how Windows 11 Copilot+ and the Ryzen AI PRO 300 lineup are ready for next generation AI experiences, including new productivity and security features.
    • OEM partners including HP and Lenovo are expanding their commercial offerings with new PCs powered by Ryzen AI PRO 300 Series processors, with more than 100 platforms expected to come to market through 2025.

    Supporting Resources

    • Watch the AMD Advancing AI keynote and see the news here
    • Follow AMD on X
    • Connect with AMD on LinkedIn

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and X pages.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products; AMD’s expected data center and AI growth opportunities; the ability of AMD to build momentum for AMD EPYC™ and AMD Instinct™ processors across its customers; the ability of AMD to deliver leadership compute to power to its customers workloads; the anticipated growth of the data center AI accelerator market by 2028; and AMD’s commitment to delivering open innovation at scale, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;  impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, EPYC, AMD CDNA, AMD Instinct, Pensando, ROCm, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    __________________________________

    1 EPYC-022F: For a complete list of world records see: http://amd.com/worldrecords.
    2 Testing conducted by internal AMD Performance Labs as of September 29, 2024 inference performance comparison between ROCm 6.2 software and ROCm 6.0 software on the systems with 8 AMD Instinct™ MI300X GPUs coupled with Llama 3.1-8B, Llama 3.1-70B, Mixtral-8x7B, Mixtral-8x22B, and Qwen 72B models.
    ROCm 6.2 with vLLM 0.5.5 performance was measured against the performance with ROCm 6.0 with vLLM 0.3.3, and tests were performed across batch sizes of 1 to 256 and sequence lengths of 128 to 2048.
    Configurations:
    1P AMD EPYC™ 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5 TiB (24 DIMMs, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, , ROCm 6.2.0-00, vLLM 0.5.5, PyTorch 2.4.0, Ubuntu® 22.04 LTS with Linux kernel 5.15.0-119-generic.
    vs.
    1P AMD EPYC 9534 CPU server with 8x AMD Instinct™ MI300X (192GB, 750W) GPUs, Supermicro AS-8125GS-TNMR2, NPS1 (1 NUMA per socket), 1.5TiB 24 DIMMS, 4800 mts memory, 64 GiB/DIMM), 4x 3.49TB Micron 7450 storage, BIOS version: 1.8, ROCm 6.0.0-00, vLLM 0.3.3, PyTorch 2.1.1, Ubuntu 22.04 LTS with Linux kernel 5.15.0-119-generic. MI300-62
    Server manufacturers may vary configurations, yielding different results. Performance may vary based on factors including but not limited to different versions of configurations, vLLM, and drivers.
    3 Based on Microsoft Copilot+ requirements of minimum 40 TOPS using AMD product specifications and competitive products announced as of Oct 2024. Microsoft requirements found here – https://support.microsoft.com/en-us/topic/copilot-pc-hardware-requirements-35782169-6eab-4d63-a5c5-c498c3037364. STXP-05.
    4 Based on a small node size for an x86 platform and cutting-edge, interconnected technologies, as of September 2024. GD-203b
    5 Testing as of Sept 2024 by AMD performance labs using the following systems: HP EliteBook X G1a with AMD Ryzen AI 9 HX PRO 375 processor @40W, Radeon™ 890M graphics, 32GB of RAM, 512GB SSD, VBS=ON, Windows 11 Pro; Lenovo ThinkPad T14s Gen 6 with AMD Ryzen™ AI 7 PRO 360 processor @22W, Radeon™ 880M graphics, 32GB RAM, 1TB SSD, VBS=ON, Windows 11 Pro; Dell Latitude 7450 with Intel Core Ultra 7 165U processor @15W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; Dell Latitude 7450 with Intel Core Ultra 7 165H processor @28W (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. The following applications were tested in Balanced Mode: Teams + Procyon Office Productivity, Teams + Procyon Office Productivity Excel, Teams + Procyon Office Productivity Outlook, Teams + Procyon Office Productivity Power Point, Teams + Procyon Office Productivity Word, Composite Geomean Score. Each Microsoft Teams call consists of 9 participants (3X3). Laptop manufactures may vary configurations yielding different results. STXP-10.
    Testing as of Sept 2024 by AMD performance labs using the following systems: (1) Lenovo ThinkPad T14s Gen 6 with an AMD Ryzen™ AI 7 PRO 360 processor (@22W), Radeon™ 880M graphics, 32GB RAM, 1TB SSD, VBS=ON, Windows 11 Pro; (2) Dell Latitude 7450 with Intel Core Ultra 7 165U processor (@15W) (vPro enabled), Intel Iris Xe Graphics, VBS=ON, 32GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Professional; and (3) Dell Latitude 7450 with Intel Core Ultra 7 165H processor (@28W) (vPro enabled), Intel Arc Graphics, VBS=ON, 16GB RAM, 512GB NVMe SSD, Microsoft Windows 11 Pro. Tested applications (in Balanced Mode) include: Procyon Office Productivity, Procyon Office Productivity Excel, Procyon Office Productivity Outlook, Procyon Office Productivity Power Point, Procyon Office Productivity Word, Composite Geomean Score. Laptop manufactures may vary configurations yielding different results. STXP-11.
    6 Trillions of Operations per Second (TOPS) for an AMD Ryzen processor is the maximum number of operations per second that can be executed in an optimal scenario and may not be typical. TOPS may vary based on several factors, including the specific system configuration, AI model, and software version. GD-243.

    Media Contacts:
    Brandi Martina
    AMD Communications
    +1 512-705-1720 
    brandi.martina@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: AMD Launches 5th Gen AMD EPYC CPUs, Maintaining Leadership Performance and Features for the Modern Data Center

    Source: GlobeNewswire (MIL-OSI)

    — New EPYC processors deliver record breaking performance and efficiency for a wide range of data center workloads —

    — AMD EPYC CPUs continue momentum, with more than 950 AMD EPYC-powered public instances available globally and more than 350 platforms from OxMs —

    SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the availability of the 5th Gen AMD EPYC™ processors, formerly codenamed “Turin,” the world’s best server CPU for enterprise, AI and cloud1.

    Using the “Zen 5” core architecture, compatible with the broadly deployed SP5 platform2 and offering a broad range of core counts spanning from 8 to 192, the AMD EPYC 9005 Series processors extend the record-breaking performance3 and energy efficiency of the previous generations with the top of stack 192 core CPU delivering up to 2.7X the performance4 compared to the competition.

    New to the AMD EPYC 9005 Series CPUs is the 64 core AMD EPYC 9575F, tailor made for GPU powered AI solutions that need the ultimate in host CPU capabilities. Boosting up to 5GHz5, compared to the 3.8GHz processor of the competition, it provides up to 28% faster processing needed to keep GPUs fed with data for demanding AI workloads.

    “From powering the world’s fastest supercomputers, to leading enterprises, to the largest Hyperscalers, AMD has earned the trust of customers who value demonstrated performance, innovation and energy efficiency,” said Dan McNamara, senior vice president and general manager, server business, AMD. “With five generations of on-time roadmap execution, AMD has proven it can meet the needs of the data center market and give customers the standard for data center performance, efficiency, solutions and capabilities for cloud, enterprise and AI workloads.”

    The World’s Best CPU for Enterprise, AI and Cloud Workloads

    Modern data centers run a variety of workloads, from supporting corporate AI-enablement initiatives, to powering large-scale cloud-based infrastructures to hosting the most demanding business-critical applications. The new 5th Gen AMD EPYC processors provide leading performance and capabilities for the broad spectrum of server workloads driving business IT today.

    The new “Zen 5” core architecture, provides up to 17% better instructions per clock (IPC) for enterprise and cloud workloads and up to 37% higher IPC in AI and high performance computing (HPC) compared to “Zen 4.”6

    With AMD EPYC 9965 processor-based servers, customers can expect significant impact in their real world applications and workloads compared to the Intel Xeon® 8592+ CPU-based servers, with:

    • Up to 4X faster time to results on business applications such as video transcoding.7
    • Up to 3.9X the time to insights for science and HPC applications that solve the world’s most challenging problems.8
    • Up to 1.6X the performance per core in virtualized infrastructure.9

    In addition to leadership performance and efficiency in general purpose workloads, 5th Gen AMD EPYC processors enable customers to drive fast time to insights and deployments for AI deployments, whether they are running a CPU or a CPU + GPU solution.

    Compared to the competition:

    • The 192 core EPYC 9965 CPU has up to 3.7X the performance on end-to-end AI workloads, like TPCx-AI (derivative), which are critical for driving an efficient approach to generative AI.10
    • In small and medium size enterprise-class generative AI models, like Meta’s Llama 3.1-8B, the EPYC 9965 provides 1.9X the throughput performance compared to the competition.11
    • Finally, the purpose built AI host node CPU, the EPYC 9575F, can use its 5GHz max frequency boost to help a 1,000 node AI cluster drive up to 700,000 more inference tokens per second. Accomplishing more, faster.12

    By modernizing to a data center powered by these new processors to achieve 391,000 units of SPECrate®2017_int_base general purpose computing performance, customers receive impressive performance for various workloads, while gaining the ability to use an estimated 71% less power and ~87% fewer servers13. This gives CIOs the flexibility to either benefit from the space and power savings or add performance for day-to-day IT tasks while delivering impressive AI performance.

    AMD EPYC CPUs – Driving Next Wave of Innovation
    The proven performance and deep ecosystem support across partners and customers have driven widespread adoption of EPYC CPUs to power the most demanding computing tasks. With leading performance, features and density, AMD EPYC CPUs help customers drive value in their data centers and IT environments quickly and efficiently.

    5thGen AMD EPYC Features
    The entire lineup of 5th Gen AMD EPYC processors is available today, with support from Cisco, Dell, Hewlett Packard Enterprise, Lenovo and Supermicro as well as all major ODMs and cloud service providers providing a simple upgrade path for organizations seeking compute and AI leadership.

    High level features of the AMD EPYC 9005 series CPUs include:

    • Leadership core count options from 8 to 192, per CPU
    • “Zen 5” and “Zen 5c” core architectures
    • 12 channels of DDR5 memory per CPU
    • Support for up to DDR5-6400 MT/s14
    • Leadership boost frequencies up to 5GHz5
    • AVX-512 with the full 512b data path
    • Trusted I/O for Confidential Computing, and FIPS certification in process for every part in the series
    Model
    (AMD EPYC)    		 Cores CCD
    (Zen5/Zen5c)    		 Base/Boost5
    (up to GHz)    		 Default
    TDP (W)    		 L3 Cache
    (MB)    		 Price
    (1 KU, USD)
    9965 192 cores “Zen5c” 2.25 / 3.7 500W 384 $14,813
    9845 160 cores “Zen5c” 2.1 / 3.7 390W 320 $13,564
    9825 144 cores “Zen5c” 2.2 / 3.7 390W 384 $13,006
    9755
    9745    		 128 cores “Zen5”
    “Zen5c”    		 2.7 / 4.1
    2.4 / 3.7    		 500W
    400W    		 512
    256    		 $12,984
    $12,141
    9655
    9655P
    9645    		 96 cores “Zen5”
    “Zen5”
    “Zen5c”    		 2.6 / 4.5
    2.6 / 4.5
    2.3 / 3.7    		 400W
    400W
    320W    		 384
    384
    384    		 $11,852
    $10,811
    $11,048
    9565 72 cores “Zen5” 3.15 / 4.3 400W 384 $10,486
    9575F
    9555
    9555P
    9535    		 64 cores “Zen5”
    “Zen5”
    “Zen5”
    “Zen5”    		 3.3 / 5.0
    3.2 / 4.4
    3.2 / 4.4
    2.4 / 4.3    		 400W
    360W
    360W
    300W    		 256
    256
    256
    256    		 $11,791
    $9,826
    $7,983
    $8,992
    9475F
    9455
    9455P    		 48 cores “Zen5”
    “Zen5”
    “Zen5”    		 3.65 / 4.8
    3.15 / 4.4
    3.15 / 4.4    		 400W
    300W
    300W    		 256
    192
    192    		 $7,592
    $5,412
    $4,819
    9365 36 cores “Zen5” 3.4 / 4.3 300W 256 $4,341
    9375F
    9355
    9355P
    9335    		 32 cores “Zen5”
    “Zen5”
    “Zen5”
    “Zen5”    		 3.8 / 4.8
    3.55 / 4.4
    3.55 / 4.4
    3.0 / 4.4    		 320W
    280W
    280W
    210W    		 256
    256
    256
    256    		 $5,306
    $3,694
    $2,998
    $3,178
    9275F
    9255    		 24 cores “Zen5”
    “Zen5”    		 4.1 / 4.8
    3.25 / 4.3    		 320W
    200W    		 256
    128    		 $3,439
    $2,495
    9175F
    9135
    9115    		 16 cores “Zen5”
    “Zen5”
    “Zen5”    		 4.2 / 5.0
    3.65 / 4.3
    2.6 / 4.1    		 320W
    200W
    125W    		 512
    64
    64    		 $4,256
    $1,214
    $726
    9015 8 cores “Zen5” 3.6 / 4.1 125W 64 $527

    Supporting Resources

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including AMD EPYC™ processors, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD’s products are sold; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to introduce products on a timely basis with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;  impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    1 EPYC-029C: Comparison based on thread density, performance, features, process technology and built-in security features of currently shipping servers as of 10/10/2024. EPYC 9005 series CPUs offer the highest thread density [EPYC-025B], leads the industry with 500+ performance world records [EPYC-023F] with performance world record enterprise leadership Java® ops/sec performance [EPYCWR-20241010-260], top HPC leadership with floating-point throughput performance [EPYCWR-2024-1010-381], AI end-to-end performance with TPCx-AI performance [EPYCWR-2024-1010-525] and highest energy efficiency scores [EPYCWR-20241010-326]. The 5th Gen EPYC series also has 50% more DDR5 memory channels [EPYC-033C] with 70% more memory bandwidth [EPYC-032C] and supports 70% more PCIe® Gen5 lanes for I/O throughput [EPYC-035C], has up to 5x the L3 cache/core [EPYC-043C] for faster data access, uses advanced 3-4nm technology, and offers Secure Memory Encryption + Secure Encrypted Virtualization (SEV) + SEV Encrypted State + SEV-Secure Nested Paging security features. See the AMD EPYC Architecture White Paper (https://library.amd.com/l/3f4587d147382e2/) for more information.

    2 AMD EPYC™ 9005 processors utilize the SP5 socket. Many factors determine system compatibility. Check with your server manufacturer to determine if this processor is supported in systems configured with previously launched AMD EPYC 9004 family CPUs.

    3 EPYC-022F: For a complete list of world records see: http://amd.com/worldrecords.

    4 9xx5-002C: SPECrate®2017_int_base comparison based on published scores from http://www.spec.org as of 10/10/2024.

    2P AMD EPYC 9965 (3000 SPECrate®2017_int_base, 384 Total Cores, 500W TDP, $14,813 CPU $), 6.060 SPECrate®2017_int_base/CPU W, 0.205 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q3/cpu2017-20240923-44833.html)

    2P AMD EPYC 9755 (2720 SPECrate®2017_int_base, 256 Total Cores, 500W TDP, $12,984 CPU $), 5.440 SPECrate®2017_int_base/CPU W, 0.209 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q4/cpu2017-20240923-44837.pdf)

    2P AMD EPYC 9754 (1950 SPECrate®2017_int_base, 256 Total Cores, 360W TDP, $11,900 CPU $), 5.417 SPECrate®2017_int_base/CPU W, 0.164 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2023q2/cpu2017-20230522-36617.html)

    2P AMD EPYC 9654 (1810 SPECrate®2017_int_base, 192 Total Cores, 360W TDP, $11,805 CPU $), 5.028 SPECrate®2017_int_base/CPU W, 0.153 SPECrate®2017_int_base/CPU $, https://www.spec.org/cpu2017/results/res2024q1/cpu2017-20240129-40896.html)

    2P Intel Xeon Platinum 8592+ (1130 SPECrate®2017_int_base, 128 Total Cores, 350W TDP, $11,600 CPU $) 3.229 SPECrate®2017_int_base/CPU W, 0.097 SPECrate®2017_int_base/CPU $, http://spec.org/cpu2017/results/res2023q4/cpu2017-20231127-40064.html)

    2P Intel Xeon 6780E (1410 SPECrate®2017_int_base, 288 Total Cores, 330W TDP, $11,350 CPU $) 4.273 SPECrate®2017_int_base/CPU W, 0.124 SPECrate®2017_int_base/CPU $, https://spec.org/cpu2017/results/res2024q3/cpu2017-20240811-44406.html)

    SPEC®, SPEC CPU®, and SPECrate® are registered trademarks of the Standard Performance Evaluation Corporation. See http://www.spec.org for more information. Intel CPU TDP at https://ark.intel.com/.

    5 GD-150: Boost Clock Frequency is the maximum frequency achievable on the CPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-150.

    6 9xx5-001: Based on AMD internal testing as of 9/10/2024, geomean performance improvement (IPC) at fixed-frequency.

    – 5th Gen EPYC CPU Enterprise and Cloud Server Workloads generational IPC Uplift of 1.170x (geomean) using a select set of 36 workloads and is the geomean of estimated scores for total and all subsets of SPECrate®2017_int_base (geomean ), estimated scores for total and all subsets of SPECrate®2017_fp_base (geomean), scores for Server Side Java multi instance max ops/sec, representative Cloud Server workloads (geomean), and representative Enterprise server workloads (geomean).

    “Genoa” Config (all NPS1): EPYC 9654 BIOS TQZ1005D 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-4800 (2Rx4 64GB), 32Gbps xGMI;

    “Turin” config (all NPS1): EPYC 9V45 BIOS RVOT1000F 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-6000 (2Rx4 64GB), 32Gbps xGMI

    Utilizing Performance Determinism and the Performance governor on Ubuntu® 22.04 w/ 6.8.0-40-generic kernel OS for all workloads.

    – 5th Gen EPYC generational ML/HPC Server Workloads IPC Uplift of 1.369x (geomean) using a select set of 24 workloads and is the geomean of representative ML Server Workloads (geomean), and representative HPC Server Workloads (geomean).

    “Genoa” Config (all NPS1) “Genoa” config: EPYC 9654 BIOS TQZ1005D 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-4800 (2Rx4 64GB), 32Gbps xGMI;

    “Turin” config (all NPS1): EPYC 9V45 BIOS RVOT1000F 12c12t (1c1t/CCD in 12+1), FF 3GHz, 12x DDR5-6000 (2Rx4 64GB), 32Gbps xGMI

    Utilizing Performance Determinism and the Performance governor on Ubuntu 22.04 w/ 6.8.0-40-generic kernel OS for all workloads except LAMMPS, HPCG, NAMD, OpenFOAM, Gromacs which utilize 24.04 w/ 6.8.0-40-generic kernel.

    SPEC® and SPECrate® are registered trademarks for Standard Performance Evaluation Corporation. Learn more at spec.org.

    7 9xx5-006: AMD internal testing as of 09/01/2024, on FFMPEG (Raw to VP9, 1080P, 302 Frames, 1 instance/thread, video source: https://media.xiph.org/video/derf/y4m/ducks_take_off_1080p50.y4m).

    System Configurations: 2P AMD EPYC™ 9965 reference system (2 x 192C) 1.5TB 24x64GB DDR5-6400 running at 6000MT/s, SAMSUNG MZWLO3T8HCLS-00A07, NPS=4, Ubuntu 22.04.3 LTS, Kernel Linux 5.15.0-119-generic, BIOS RVOT1000C (determinism enable=power), 10825484.25 Frames/Hour Median

    2P AMD EPYC™ 9654 production system (2 x 96C) 1.5TB 24x64GB DDR5-5600, , SAMSUNG MO003200KYDNC, NPS=4, Ubuntu 22.04.3 LTS, Kernel Linux 5.15.0-119-generic, BIOS 1.56 (determinism enable=power) , 5154133.333 Frames/Hour Median

    2P Intel Xeon Platinum 8592+ production system (2 x 64C) 1TB 16x64GB DDR5-5600, 3.2 TB NVME, Ubuntu 22.04.3 LTS, Kernel Linux 6.5.0-35-generic), BIOS ESE122V-3.10, 2712701.754 Frames/Hour Median

    For 3.99x the performance with the AMD EPYC 9965 vs Intel Xeon Platinum 8592+ systems

    For 1.90x the performance with the AMD EPYC 9654 vs Intel Xeon Platinum 8592+ systems

    Results may vary based on factors including but not limited to BIOS and OS settings and versions, software versions and data used.

    8 9xx5-022: Source: https://www.amd.com/content/dam/amd/en/documents/epyc-technical-docs/performance-briefs/amd-epyc-9005-pb-gromacs.pdf

    9 9xx5-071: VMmark® 4.0.1 host/node FC SAN comparison based on “independently published” results as of 10/10/2024.  
    Configurations:

    2 node, 2P AMD EPYC 9575F (128 total cores) powered server running VMware ESXi8.0 U3, 3.31 @ 4 tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1003

    2 node, 2P AMD EPYC 9554 (128 total cores) powered server running VMware ESXi 8.0 U3, 2.64 @ 3 tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1002

    2 node, 2P Intel Xeon Platinum 8592+ (128 total cores) powered server running VMware ESXi 8.0 U3, 2.06 @ 2.4 Tiles,
    https://www.infobellit.com/BlueBookSeries/VMmark4-FDR-1001

    VMmark is a registered trademark of VMware in the US or other countries.

    10 9xx5-012: TPCxAI @SF30 Multi-Instance 32C Instance Size throughput results based on AMD internal testing as of 09/05/2024 running multiple VM instances. The aggregate end-to-end AI throughput test is derived from the TPCx-AI benchmark and as such is not comparable to published TPCx-AI results, as the end-to-end AI throughput test results do not comply with the TPCx-AI Specification.

    2P AMD EPYC 9965 (384 Total Cores), 12 32C instances, NPS1, 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.4 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT1000C (SMT=off, Determinism=Power, Turbo Boost=Enabled)

    2P AMD EPYC 9755 (256 Total Cores), 8 32C instances, NPS1, 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu 22.04.4 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT0090F (SMT=off, Determinism=Power, Turbo Boost=Enabled)

    2P AMD EPYC 9654 (192 Total cores) 6 32C instances, NPS1, 1.5TB 24x64GB DDR5-4800, 1DPC, 2 x 1.92 TB Samsung MZQL21T9HCJR-00A07 NVMe, Ubuntu 22.04.3 LTS, BIOS 1006C (SMT=off, Determinism=Power)

    Versus 2P Xeon Platinum 8592+ (128 Total Cores), 4 32C instances, AMX On, 1TB 16x64GB DDR5-5600, 1DPC, 1.0 Gbps NetXtreme BCM5719 Gigabit Ethernet PCIe, 3.84 TB KIOXIA KCMYXRUG3T84 NVMe, , Ubuntu 22.04.4 LTS, 6.5.0-35 generic (tuned-adm profile throughput-performance, ulimit -l 132065548, ulimit -n 1024, ulimit -s 8192), BIOS ESE122V (SMT=off, Determinism=Power, Turbo Boost = Enabled)

    Results:

    CPU Median Relative Generational
    Turin 192C, 12 Inst 6067.531 3.775 2.278
    Turin 128C, 8 Inst 4091.85 2.546 1.536
    Genoa 96C, 6 Inst 2663.14 1.657 1
    EMR 64C, 4 Inst 1607.417 1 NA

    Results may vary due to factors including system configurations, software versions and BIOS settings. TPC, TPC Benchmark and TPC-C are trademarks of the Transaction Processing Performance Council.

    11 9xx5-009: Llama3.1-8B throughput results based on AMD internal testing as of 09/05/2024.

    Llama3-8B configurations: IPEX.LLM 2.4.0, NPS=2, BF16, batch size 4, Use Case Input/Output token configurations: [Summary = 1024/128, Chatbot = 128/128, Translate = 1024/1024, Essay = 128/1024, Caption = 16/16].

    2P AMD EPYC 9965 (384 Total Cores), 6 64C instances 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1 DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.3 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192) , BIOS RVOT1000C, (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    2P AMD EPYC 9755 (256 Total Cores), 4 64C instances , 1.5TB 24x64GB DDR5-6400 (at 6000 MT/s), 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu 22.04.3 LTS, 6.8.0-40-generic (tuned-adm profile throughput-performance, ulimit -l 198096812, ulimit -n 1024, ulimit -s 8192), BIOS RVOT1000C (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    2P AMD EPYC 9654 (192 Total Cores) 4 48C instances , 1.5TB 24x64GB DDR5-4800, 1DPC, 1.0 Gbps NetXtreme BCM5720 Gigabit Ethernet PCIe, 3.5 TB Samsung MZWLO3T8HCLS-00A07 NVMe®, Ubuntu® 22.04.4 LTS, 5.15.85-051585-generic (tuned-adm profile throughput-performance, ulimit -l 1198117616, ulimit -n 500000, ulimit -s 8192), BIOS RVI1008C (SMT=off, Determinism=Power, Turbo Boost=Enabled), NPS=2

    Versus 2P Xeon Platinum 8592+ (128 Total Cores), 2 64C instances , AMX On, 1TB 16x64GB DDR5-5600, 1DPC, 1.0 Gbps NetXtreme BCM5719 Gigabit Ethernet PCIe, 3.84 TB KIOXIA KCMYXRUG3T84 NVMe®, Ubuntu 22.04.4 LTS 6.5.0-35-generic (tuned-adm profile throughput-performance, ulimit -l 132065548, ulimit -n 1024, ulimit -s 8192), BIOS ESE122V (SMT=off, Determinism=Power, Turbo Boost = Enabled).
    Results:

    CPU 2P EMR 64c 2P Turin 192c 2P Turin 128c 2P Genoa 96c
    Average Aggregate Median Total Throughput 99.474 193.267 182.595 138.978
    Competitive 1 1.943 1.836 1.397
    Generational NA 1.391 1.314 1

    Results may vary due to factors including system configurations, software versions and BIOS settings.

    12 9xx5-087: As of 10/10/2024; this scenario contains several assumptions and estimates and, while based on AMD internal research and best approximations, should be considered an example for information purposes only, and not used as a basis for decision making over actual testing.

    Referencing 9XX5-056A: “2P AMD EPYC 9575F powered server and 8x AMD Instinct MI300X GPUs running Llama3.1-70B select inference workloads at FP8 precision vs 2P Intel Xeon Platinum 8592+ powered server and 8x AMD Instinct MI300X GPUs has ~8% overall throughput increase across select inference use cases” and 8763.52 tokens/s (9575F) versus 8,048.48 tokens/s (8592+) at 128 input / 2048 output tokens, 500 prompts for 1.089x the tokens/s or 715.04 more tokens/s.

    1 Node = 2 CPUs and 8 GPUs.
    Assuming a 1000 node cluster, 1000 * 715.04 = 715,040 tokens/s

    For ~700,000 more tokens/s

    Results may vary due to factors including system configurations, software versions and BIOS settings.

    13 9xx5TCO-001a: This scenario contains many assumptions and estimates and, while based on AMD internal research and best approximations, should be considered an example for information purposes only, and not used as a basis for decision making over actual testing. The AMD Server & Greenhouse Gas Emissions TCO (total cost of ownership) Estimator Tool – version 1.12, compares the selected AMD EPYC™ and Intel® Xeon® CPU based server solutions required to deliver a TOTAL_PERFORMANCE of 39100 units of SPECrate2017_int_base performance as of October 10, 2024. This scenario compares a legacy 2P Intel Xeon 28 core Platinum_8280 based server with a score of 391 versus 2P EPYC 9965 (192C) powered server with an score of 3030 (https://spec.org/cpu2017/results/res2024q3/cpu2017-20240923-44833.pdf) along with a comparison upgrade to a 2P Intel Xeon Platinum 8592+ (64C) based server with a score of 1130 (https://spec.org/cpu2017/results/res2024q3/cpu2017-20240701-43948.pdf). Actual SPECrate®2017_int_base score for 2P EPYC 9965 will vary based on OEM publications.

    Environmental impact estimates made leveraging this data, using the Country / Region specific electricity factors from the 2024 International Country Specific Electricity Factors 10 – July 2024 , and the United States Environmental Protection Agency ‘Greenhouse Gas Equivalencies Calculator’.

    For additional details, see https://www.amd.com/en/claims/epyc5#9xx5TCO-001a

    14 9xx5-083: 5th Gen EPYC processors support DDR5-6400 MT/s for targeted customers and configurations. 5th Gen production SKUs support up to DDR5-6000 MT/s to enable a broad set of DIMMs across all OEM platforms and maintain SP5 platform compatibility

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bb614ee-e307-43a7-a36b-f5bd02ed1335

    The MIL Network –

  • MIL-OSI: Capgemini’s World Energy Markets Observatory annual report 2024: The Paris Agreement’s goals are no longer achievable, but net zero is still in sight with accelerated efforts

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Florence Lievre
    Tel.: +33 1 47 54 50 71
    Email: florence.lievre@capgemini.com

    Capgemini’s World Energy Markets Observatory annual report 2024:
    The Paris Agreement’s goals are no longer achievable, but net zero is still in sight with accelerated efforts

    • Despite impressive strides in 2023 and positive projections for 2024, the pace of renewable development isn’t fast enough
    • The critical role of nuclear energy to addressing increased clean energy demands is now recognized, but construction of new large power plants takes time and industrialization of Small Modular Reactors (SMRs) is proving complex
    • Addressing the complexity of energy transition challenges will require new market mechanisms encouraging further innovation, choosing appropriate measures, and accelerated public and private investment in low carbon technologies and the power grid

    Paris, October 10, 2024 – Capgemini has published the 26thedition of its annual World Energy Markets Observatory (WEMO), created in partnership with Hogan Lovells, Vaasa ETT and Enerdata. The report takes stock of the current state of the energy transition. Despite progress being made, greenhouse gas (GHG) emissions are continuing to increase, reaching a new record high of 37.4 billion tonnes (Gt) in 20231, confirming that the path to the reach Paris Agreement’s objectives is not on track. The report provides insights on what the key focus areas would need to be, moving forward, to address the complex energy transition challenges, including a change in the measurement of clean energy progress, as well as accelerated investment in the power grid and clean technologies.

    James Forrest, Global Energy Transition & Utilities Industry Leader at Capgemini says: “Despite an historical spike in renewable penetration, the pace of development isn’t fast enough to close the gap. There is still much to do in the next decade to get closer to net zero by 2050 and achieve a successful energy transition: whether it be in the field of low carbon technologies, R&D efforts, nuclear or grid flexibility and storage. In addition, beyond the necessary adoption of new market mechanisms, a shift away from measuring energy based on primary consumption is needed. This measurement was relevant during past energy crises, but it is now time to adopt a more holistic approach. Moving to a final energy demand measurement would better assess clean energy progress and ensure more accurate projections.”

    Key observations from the 2024 report include:

    • There is a need to hasten the deployment of renewable energy globally, and to accelerate in developing countries, to deliver the 2030 and 2050 decarbonization goals. The total amount of final energy provided by renewable energy is likely to be limited to about 40% of global needs. In 2023, total renewable energy capacity increased by 14% year on year with a larger capacity expansion of solar (32%) than wind (13%). But, whilst 2024 is promising to hit another record, as this was the case for the 22nd previous years, this growth is far below what is needed to achieve net zero carbon in 2050. Moreover, while the renewable penetration rate increases, they are impacting grid stability and association with stationary batteries will become compulsory. According to the report, storable renewable energies development, such as biomass or geothermal energy, should be accelerated.
    • Hydrogen is now a strategic lever in the decarbonization path. The number of projects reaching final investment decision has quadrupled over the last two years. However, a refocus of applications has been observed due to the increasing costs of low-carbon hydrogen production, competition between uses, and regulations. Only certain uses in ‘Hard to Abate’ industries, such as heavy industry and maritime mobility, have strong potential.
    • Global nuclear capacity needs to triple to ensure stable, low-carbon power. COP28 has recognized the critical role of nuclear energy for reducing the effects of climate change. While there is some promising progress in nuclear renaissance, including Small Modular Reactors (SMRs), development of new nuclear power plants is still difficult. In 2023, 440 nuclear reactors (390 GW) provided 9% of the world’s electricity, 25% of the world’s low-carbon electricity. SMRs are in the planning or early construction stages with many years before they are deployed at scale as their industrialization can prove to be complex. According to the report, more focus needs to be placed on extending the life of existing nuclear plants.
    • The power grid plays a fundamental role to accelerate clean energy transitions. Grid investment is starting to pick up and is expected to reach USD 400 billion in 20242, with Europe, the United Sates, China and parts of Latin America leading the way. According to the report, better forecasting electricity consumption and finer optimization scenarios thanks to technologies such as AI will help to improve grid balancing.
    • Whilst AI has the potential to significantly accelerate decarbonization, a lack of skills and a focus on short-term proof of concepts is hampering adoption to date. However, AI coupled with GenAI in agentic LLM (Large Language Model) workflows3 has a clear role to play as a catalyst to improve grids efficiency, e-fuel discovery; new battery or wind turbine design; synthetic biology; and augmented insights from many data sources for better informed decision making.
      • Protectionist approaches to increasing energy sovereignty may have undesirable implications. Ongoing geopolitical uncertainties are affecting energy markets and systems. To ensure security of supply, the use of embargoes, tariffs and subsidies in almost all jurisdictions is distorting energy markets and threatens efficient allocation of capital. According to the report, embargoes are proving ineffective, and decreasing the transparency and traceability of energy supplies, which is essential to tracking decarbonization efforts. Denying access to the cheapest sources of energy equipment and energy supplies drives up prices for consumers and reduces funding available for the energy transition.
      • According to the report, ‘Primary Energy Demand’ is an outdated concept for energy transition. There is a need to move from primary to final energy consumption measurement (in kWh) to ensure accurate projections, and clean energy progress. Measuring energy based on primary consumption ignores that: for the same end-energy services, new electric services are generally more efficient; a lot of fossil fuels are wasted in the generation of electricity; energy is also wasted on finding and processing fossil fuels.

    The World Energy Markets Observatory (WEMO) is Capgemini’s annual thought leadership and research report created in partnership with Hogan Lovells, Vaasa ETT and Enerdata, that tracks the transformation of global energy markets, including Europe, North America, Australia, Southeast Asia, India, and China. Now in its 26th edition, the report has been prepared by a global team of over 100 experts, and includes 15 articles, all backed with rigorous analysis. The report begins with a global outlook, then covers the topics pivotal to the energy transition including geopolitical impacts, demand side energy transition, batteries, renewables, SMRs, Hydrogen, Industrial Heat, GenAI and the Inflation Reduction Act (IRA).
    For more information and to get access to the report, click here

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

    1 Source: IEA- CO2 Emissions in 2023
    2 Source IEA: Electricity Grids and Secure Energy Transitions

    3 GenAI in agentic LLM (Large Language Model): iterative and collaborative model that transforms the interaction with LLMs into a series of manageable, refinable steps.

    Attachments

    The MIL Network –

  • MIL-OSI: Cloudera Expands Industry-Leading Enterprise AI Ecosystem with New Partners

    Source: GlobeNewswire (MIL-OSI)

    New partners Anthropic, Google Cloud, and Snowflake join Cloudera’s AI Ecosystem at EVOLVE24 New York event

    Ecosystem of technology providers makes it easier, more economical, and safer for enterprises to maximize the value of AI initiatives

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, a hybrid platform for data, analytics, and AI, today announced the expansion of its Enterprise AI Ecosystem during its annual data and AI conference, EVOLVE24 New York. This initiative brings together a diverse group of industry-leading AI providers to deliver comprehensive, end-to-end AI solutions for customers that help to maximize the value of AI.

    Large enterprises have special requirements for running AI applications at scale, including:

    • Demonstrating business value that justifies the total cost of ownership within a reasonable timeframe.
    • Adhering to strict security and privacy standards to protect sensitive data and maintain compliance.
    • Maintaining the flexibility to deploy a diverse range of models from a broad selection of vendors in the optimal environment for each use case – where the supporting data often resides.

    At last year’s EVOLVE conference, Cloudera launched the Enterprise AI Ecosystem, with these founding members:

    • NVIDIA who provides full-stack accelerated computing for the development and deployment of AI workloads both in private and public clouds. Cloudera’s recent announcement highlighted the expansion of its Cloudera’s AI Inference Service through the integration of NVIDIA NIM, part of the NVIDIA AI Enterprise software platform, a set of easy-to-use microservices designed for secure, reliable deployment of high-performance AI model inferencing across clouds, data centers and workstations.
    • Amazon Web Services (AWS) with Amazon Bedrock, which allows customers to build and scale generative AI applications with a single API.
    • Pinecone for its leading vector database, which underpins the most common technical AI use cases: Retrieval-Augmented Generation (RAG) and semantic search.

    Over the last year, the Enterprise AI Ecosystem has generated significant inbound interest and a steady flow of requests for Cloudera to build on its existing AI partners and establish new ones. Now Cloudera is proud to introduce its newest set of AI Ecosystem partners at EVOLVE24 New York. They are:

    • Google Cloud: Google Cloud’s Vertex AI Model Garden provides a centralized hub for discovering, customizing, and deploying a diverse range of models. This includes a selection of over 150 first-party, open, and third-party foundation models, including Google’s Gemini, Chirp, Imagen, and more. Google Cloud’s infrastructure also supports Cloudera’s DataHub platform, which serves as the data foundation for building AI applications.

      Additionally, for the first ecosystem collaboration, Cloudera released an Accelerator for Machine Learning Project (AMP) entitled “Summarization with Gemini from Vertex AI” to help customers quickly deploy a summarization use case that takes advantage of the cost effectiveness and performance of Gemini Pro Models accessed from the Vertex AI Model Garden via API.

    • Anthropic: Anthropic’s Claude large language models (LLMs) are ideal for code generation, vision analysis, data insight and text generation use cases. Anthropic’s family of Claude models will allow Cloudera users to balance performance and cost, while their commitment to AI safety research helps to ensure reliable, unbiased, and non-harmful outputs. Cloudera is releasing an AMP entitled “Image Analysis with Anthropic’s Claude LLM” that will significantly reduce the time to develop a production image analysis application. Cloudera is also making Claude its default foundational model for its Cloudera AI Coding Co-pilot.
    • Snowflake: Cloudera and Snowflake, the AI Data Cloud company, are building on their strategic collaboration, also announced at EVOLVE24, with Snowflake’s Arctic Embed models, which excel at SQL generation and offer strong cost-performance ratios. Snowflake’s Iceberg-enabled platform provides interoperability with Cloudera, facilitating the sharing of data to feed AI use cases. Cloudera is actively working on product integrations with Snowflake, which can be read about here.

    “We pioneered the Enterprise AI Ecosystem to cater to the complex and continually evolving enterprise-grade security, privacy, authorization, and LLM demands of major organizations; this involves a complete suite of solutions across accelerated compute, semantic querying, vector embeddings, multi-modal agents, RAG applications, fine-tuning, and frontier models,” stated Abhas Ricky, Chief Strategy Officer at Cloudera. “AI researchers and practitioners have since deployed 400+ cutting-edge AI accelerators (AMPs) and numerous agentic applications supporting high-value use cases such as voice of customer analysis, invoice reconciliation, and underwriting automation. Together we are delivering a fully integrated Enterprise AI platform, built on leading models and knowledge bases, to further production-ready high fidelity solutions delivered with experts by your side.”

    “OCBC has delivered dozens of Gen AI applications into production leveraging Cloudera AI and technologies from The Enterprise AI Ecosystem members,” said Adrien Chenailler, Head of Data Science and AI at OCBC Bank. “Our call center transcription application transcribes thousands of hours of calls daily and has led to a significant reduction in average call handling time. We have reduced the investment in research time of our Relationship Managers with GenAI. We’re delighted that Cloudera continues to expand their Enterprise AI Ecosystem because it delivers proven solution architectures that get us from prototype to production faster.”

    “Our partnership with Cloudera helps organizations extract hidden value in their enterprise data, including complex sources like images,” said Kate Jensen, Head of Growth and Revenue at Anthropic. “The new Image Analysis capability turns visual data from images, charts or graphics into actionable insights, while Claude as the default model for Cloudera AI Coding Assistant, and potential other use cases such as Text to SQL and NLP Co-pilots provides customers with a powerful AI assistant that boosts productivity and uncovers new opportunities in their data. Together, we’re transforming raw data into actionable intelligence, empowering businesses to make smarter decisions faster.”

    “We are thrilled to work with Cloudera to integrate Snowflake’s Arctic Embed models into Cloudera AI Inference powered by NVIDIA’s NIM,” said Baris Gultekin, Head of AI, Snowflake. “This collaboration will empower our joint customers to unlock the full potential of generative AI at scale, driving faster insights, enhanced decision-making, and transformative business outcomes. Together, Snowflake and Cloudera are pushing the boundaries of what’s possible with modern data platforms, providing businesses with the agility and intelligence they need to stay ahead in an increasingly AI-driven world.”

    Cloudera’s existing group of Enterprise AI Ecosystem partners, including NVIDIA and AWS, will also be in the spotlight at EVOLVE24 New York, happening today, October 10.

    Click here to learn more about how Cloudera and its partner ecosystem are making it easier, more economical, and safer for enterprises to maximize the value they get from AI.

    About Cloudera

    Cloudera is a hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: Cloudera Partners with Snowflake to Unleash Hybrid Data Management Integration Powered by Iceberg

    Source: GlobeNewswire (MIL-OSI)

    Unveiled at EVOLVE24, the unified platform will reduce total cost of ownership and provide a single source of truth for all enterprise data

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, today announced an integration with Snowflake, the AI Data Cloud company, to bring enterprises an open, unified hybrid data lakehouse, powered by Apache Iceberg. Now, enterprises can leverage the combination of Cloudera and Snowflake—two best-of-breed tools for ingestion, processing, and consumption of data—for a single source of truth across all data, analytics, and AI workloads.

    Data is a business’s most powerful asset. It drives informed decision-making, provides a competitive advantage, and reveals opportunities for innovation. A 2022 study revealed that 80% of businesses report higher revenue due to real-time data analytics, and 98% report an increase in positive customer sentiment due to leveraging data. However, to fully harness the power of data, businesses need a single, unified source of truth for storing, managing, and governing all enterprise data, regardless of where it resides.

    Cloudera has extended its Open Data Lakehouse interoperability to Snowflake, allowing joint customers seamless access to Cloudera’s Data Lakehouse via its Apache Iceberg REST Catalog. Customers benefit from an optimized data platform powered by Apache Iceberg, which enables them to ingest, prepare, and process their data with best-in-class tools. Also, Snowflake users can now query data stored on Cloudera’s Ozone, an on-premises AWS S3-compatible object storage solution, directly from Snowflake. Customers now have access to all major form factors from one cohesive collaboration, on-premise, and as a platform-as-a-service (PaaS) and software-as-a-service (SaaS).

    In addition to enabling greater interoperability between the two systems, Cloudera customers will experience the ease of Snowflake’s Business Intelligence engine. The Snowflake engine can access data from Cloudera’s Open Data Lakehouse without requiring data duplication or transfer, reducing complexity, streamlining operations, and maintaining data integrity.

    Moreover, this collaboration leads to a reduction in the total cost of ownership of the integrated stack for enterprises. The elimination of data and metadata silos, rationalization of data pipelines, and streamlining of operational efforts are key factors in this cost reduction. These improvements help deliver analytics and AI use cases at scale more efficiently, further enhancing the value proposition for businesses leveraging both Cloudera and Snowflake. This strategic integration not only optimizes analytic workflows but also provides a robust framework for enterprises to drive innovation and gain competitive advantages in their respective markets.

    Additional benefits of this integration include:

    • Managed Iceberg Tables: Iceberg tables enhance data performance and reliability, allowing joint customers to unlock the full potential of their data through better organization, faster queries, and simplified data management, regardless of where the data is stored.
    • Best-of-Breed Engines: Joint customers benefit from top-tier engines to ingest, prepare, and manage their data, enabling seamless management of both artificial intelligence (AI) and business intelligence workloads.
    • Unified Security and Governance: This integration consolidates data security and governance across the entire data lifecycle. Joint customers can apply consistent security measures, track data origin and movement, and manage metadata within a single platform, on-premises or the cloud.

    “By extending our open data lakehouse capabilities through Apache Iceberg to Snowflake, we’re enabling our customers to not only optimize their data workflows but also unlock new opportunities for innovation, efficiency, and growth,” said Abhas Ricky, Chief Strategy Officer of Cloudera. “This will help customers simplify their data architecture, minimize data pipelines, and reduce total cost of ownership of their data estate while reducing security risks. Together, Snowflake and Cloudera are bringing about the next era of data-driven decision-making for every modern organization.”

    “Apache Iceberg is a leading choice for customers who want open standards for data, and Cloudera has been an integral part of the Iceberg project,” said Tarik Dwiek, Head of Technology Alliances at Snowflake. “Our partnership expands what’s possible for customers who choose to standardize on Iceberg tables. We are excited to break down silos and deliver a unified hybrid data cloud experience with multi-function analytics to all of our customers.”

    “Through this collaboration, customers gain access to a unified, robust data management platform that provides a single source of truth for all of their data, whether in the cloud or on-premises,” said Sanjeev Mohan, analyst at SanjMo. “This enables them to streamline and secure their data operations while efficiently analyzing and extracting insights across the entire data lifecycle – from ingestion to AI and analytics. It’s a strategic move from two industry giants to partner in a way that will deliver immediate value to businesses.”

    In addition, reaffirming our commitment to advancing Iceberg adoption, Cloudera is excited to announce the technical preview of Cloudera Lakehouse Optimizer. This new service autonomously optimizes your Iceberg tables, further reducing costs while significantly enhancing the performance of your Lakehouse. To learn more about this technical preview, click here.

    About Cloudera
    Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 11.10.2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024518
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 670,000
    Placement period, in days 4
    Date of deposit 10/11/2024
    Refund date 10/15/2024
    Interest rate for placement of funds (fixed or floating) FIXED
    Minimum fixed interest rate for placement of funds, % per annum 18.14
    Basic floating interest rate for placement of funds –
    Minimum spread, % per annum –
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Pre-applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 11:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 11:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024519
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 30,000
    Placement period, in days 91
    Date of deposit 10/14/2024
    Refund date 01/13/2025
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 15:30 to 15:40
    Preliminary applications: from 15:30 to 15:35
    Applications in competition mode: from 15:35 to 15:40
    Formation of a consolidated register of applications: from 15:40 to 15:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 15:40 to 16:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 16:00 to 17:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:00 to 17:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 32024021
    Deposit currency rubles
    Type of funds funds of the Social Fund of Russia (ROPS)
    Maximum amount of funds placed in bank deposits, million monetary units 3 300
    Placement period, in days 66
    Date of deposit 10/11/2024
    Refund date 12/16/2024
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:30 to 12:40
    Pre-applications: from 12:30 to 12:35
    Applications in competition mode: from 12:35 to 12:40
    Formation of a consolidated register of applications: from 12:40 to 12:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:40 to 13:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 13:00 to 14:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 13:00 to 14:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

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

    https://www.moex.com/n73897

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Press release: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

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

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

    Source: United Kingdom – Executive Government & Departments

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Submissions: MSF urges for protection of civilians and medical staff amid Israeli bombardment in Lebanon

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Beirut, Lebanon, 11 October 2024 – As Israeli attacks intensify in Lebanon, healthcare facilities in areas most affected by airstrikes are being forced to close. This is leading to devastating consequences for civilians and their access to healthcare.

    Médecins Sans Frontières/Doctors Without Borders (MSF) teams are working tirelessly to ensure the continuation of care in our existing facilities, while also scaling up our activities to address the needs emerging from the ongoing conflict. However, due to the intense Israeli airstrikes, we were forced to suspend some activities in highly affected areas. We continue to adapt our activities to provide people with much needed healthcare.

    MSF urges all warring parties to spare civilians, medical facilities, and medical personnel in Lebanon to ensure that vital healthcare services can adequately address people’s urgent medical needs.

    “Given the intensity of the violence, road damage, and the lack of guaranteed safety, we are currently unable to reach all affected areas in Lebanon despite the increasing medical and humanitarian needs,” says François Zamparini, emergency coordinator for MSF in Lebanon.

    Last week, MSF was forced to completely close its clinic in the Palestinian camp of Burj el Barajneh in the southern suburbs of Beirut. We also had to temporarily stop our activities in Baalbek-Hermel, northeast Lebanon. These are both areas heavily affected by the strikes.

    “We partially reopened our clinic in Hermel this week to ensure that patients receive their medications, providing them with a two-to-three-month stock of essential drugs, depending on the severity of their condition and medical risks,” adds Zamparini.

    Patients in these areas are already vulnerable, struggling to access the healthcare they desperately need. The closure of medical facilities has left them, specifically people living with chronic diseases, without the essential services they need.

    MSF medical teams also remain unable to operate properly in southern Lebanon due to a lack of safety guarantees for our medical personnel.

    “One of the hospitals we planned to support and had donated medications and trauma kits to, in Nabatiyeh, only a few kilometres away from the active frontlines, was hit on 5 October,” explains Zamparini.

    An MSF mobile medical team, which had been actively supporting general healthcare centres in Nabatiyeh and other areas closer to the Lebanese border since November 2023, has been forced to stop its activities. The team, which was once able to reach areas near the border, can no longer do so and is currently limited to operating only as far as Saida, which is about 50 kilometres north of the southern border, where needs are highest.

    In the last two weeks, Israeli strikes have claimed the lives of at least fifty paramedics. This brings the total number of healthcare workers killed since October last year to over a hundred, as reported by the Lebanese Ministry of Public Health[1]. The heavy Israeli bombardments have also severely disrupted access to medical care across Lebanon. As of 1 October 2024, six hospitals and 40 general healthcare centres have closed their doors as the intensity of the fighting made it impossible to work without safety guarantees, according to OCHA. [2]

    The armed conflict is worsening an ongoing humanitarian crisis, aggravating existing needs. Lebanon’s healthcare system was already overburdened by the country’s economic crisis, which has caused the emigration of many medical staff and strained the capacity and resources of medical facilities. Local health centres, already at capacity, are now facing increasing pressure as they try to meet the growing medical needs of displaced people.

    The scale of displacement in Lebanon significantly surpasses the country’s ability to provide adequate shelter, with over a million people displaced according to UNHCR[3]. The majority of shelters people are seeking safety in are in dire conditions. To respond, MSF deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, and mental health support, in addition to donating mattresses, hygiene kits, hot meals, and clean water. Nevertheless, people’s needs are far greater than what we are able to cover.

    “We must ensure the continuation of care for those in need,” emphasises Zamparini. “We urge all parties to respect international humanitarian law. Civilians and civilian infrastructure, medical facilities and medical personnel must not be targeted. Their safety must be guaranteed.”

    MSF response to the humanitarian crisis in Lebanon: In response to the ongoing escalation of conflict and intense Israeli bombing in Lebanon, MSF has deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, medication, and mental health support. MSF is also distributing essential items such as blankets, mattresses, and hygiene kits, as well as supplying water by trucks to schools and shelters where displaced people have gathered. Additionally, we are offering hot meals and drinking water to hundreds of displaced families. MSF has also donated fuel and trauma kits to several hospitals, prepositioned 10 tons of medical supplies and trained over 100 healthcare workers in trauma care and mass casualty management across the country.

    MSF first began to work in Lebanon in 1976, and its teams have worked in the country without interruption since 2008.  In 2023, MSF teams worked in six locations across Lebanon, providing 13,609 free medical consultations for vulnerable communities, including Lebanese citizens, refugees, and migrant workers. MSF’s services include mental healthcare, sexual and reproductive healthcare, paediatric care, vaccinations, and treatment for non-communicable diseases such as diabetes. In the past years and as a result of the country’s ongoing economic collapse, people’s humanitarian needs have drastically increased, and we have adapted our projects accordingly. Moreover, we have responded to various types of medical emergencies, and in 2023 we increased our support to respond to the needs resulting from the armed clashes.

    ________________________________

    [1] Health workers in Lebanon describe deadly Israeli attacks on colleagues and fear more | AP News

    [2] https://www.unocha.org/news/todays-top-news-lebanon-occupied-palestinian-territory-and-israel-syria-haiti-ukraine-eastern

    [3] UNHCR’s Grandi appeals for urgent humanitarian support and an end to the bloodshed in Lebanon | UNHCR

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News –

  • MIL-OSI Economics: Jordan — IMF Staff Conclude Article IV Discussions and Reach Staff Level Agreement on the Second Review under the Extended Fund Facility

    Source: International Monetary Fund

    October 10, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • IMF staff and the Jordanian authorities have reached a staff level agreement on the second review under the Extended Fund Facility (EFF). All commitments for the second review under the program have been met, demonstrating the authorities’ steadfast commitment to sound macro-economic policies and continued progress on reforms.
    • Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the intensifying conflict in the region. Jordan’s economy is expected to grow by 2.3 percent in 2024 and 2.5 percent in 2025. However, strong and timely international support remains important to help Jordan face the external headwinds, and to continue to shoulder the cost of hosting a large number of Syrian refugees.
    • Bringing the Jordanian economy onto a higher growth trajectory is essential to create more jobs and raise prosperity. This requires accelerating structural reforms, while maintaining macro-economic stability, and making significant progress in implementing the authorities’ Economic Modernization Vision.

    Amman: A staff team from the International Monetary Fund (IMF), led by Ron van Rooden, visited Amman during September 30–October 10, 2024, for discussions on the 2024 Article IV consultation and the second review under the arrangement under the IMF’s Extended Fund Facility (EFF), which was approved by the IMF’s Executive Board on January 10, 2024 (Press Release).

    At the conclusion of the mission, Mr. van Rooden issued the following statement:

    “We are pleased to announce that the IMF team and the Jordanian authorities reached a staff-level agreement on the second review of the authorities’ economic reform program supported by the EFF arrangement, approved in January of this year. Program performance continues to be strong, despite a challenging external environment. All quantitative performance criteria and structural benchmarks for the second review were met and steady progress is being made toward achieving the program’s overall objectives, including good progress toward meeting benchmarks for future reviews. The agreement is subject to approval by the IMF’s management and the Executive Board. The completion of this review will make another SDR 97.784 million (about US$131 million) available, out of the previously approved program size of SDR 926.370 million (about US$1.2 billion).  

    “Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the intensifying conflict in the region. This resilience is the result of the authorities’ continued pursuit of sound macro-economic policies and reform progress. The recent upgrades to Jordan’s credit ratings, the first in over 20 years, testify to the credibility of the authorities’ economic policies.

    “Nonetheless, as the conflict continues and widens, it is having a larger impact on Jordan’s economy than anticipated at the outset of the program. The economy is projected to grow by 2.3 percent this year, with weaker domestic demand offset by a stronger performance in net exports. Growth is projected at 2.5 percent for 2025. Inflation remains low, at 2 percent, thanks to the Central Bank of Jordan’s (CBJ) firm commitment to monetary stability and safeguarding the exchange rate peg. The financial sector remains healthy and well capitalized. The current account deficit is projected to narrow to 4.4 percent of GDP this year, helping to further build the CBJ’s reserve buffers, and to widen slightly to 4.7 percent of GDP in 2025.

    “Government revenues have been adversely affected this year by the weaker domestic demand, as well as a sharper-than-expected drop in the prices of key export commodities. The authorities have taken strong actions to offset the revenue shortfall to contain this year’s central government budget deficit. With this, the authorities are committed to limit this year’s central government primary deficit (excluding grants and transfers to public utilities) to 2.9 percent of GDP, up slightly from 2.7 percent of GDP in 2023. Together with measures taken to limit the operational losses of the utility companies and continued surpluses of the social security system, the overall general government primary deficit (excluding grants) is expected to remain broadly unchanged this year, at 1.3 percent of GDP, compared to 1.4 percent in 2023, and public debt to be contained at just over 90 percent of GDP by end-2024.

    “The authorities are firmly committed to continue to implement sound macro-economic policies to maintain stability and to advance structural reforms needed to further strengthen the resilience of Jordan’s economy and to improve people’s living standards, as envisaged also in their Economic Modernization Vision. Notably, fiscal policy aims to reduce public debt to 80 percent of GDP by 2028 to ensure fiscal sustainability, by advancing a gradual fiscal consolidation, including limiting the central government primary deficit (excluding grants and transfers to the public utilities) to 2 percent of GDP in 2025. With further efforts to improve the finances of the public utilities and continued surpluses of the social security system, the overall general government primary deficit (excluding grants) will be reduced by 1.1 percent of GDP to 0.2 percent of GDP. The CBJ’s monetary policy will continue to be underpinned by its firm commitment to the exchange rate peg to the US dollar and to maintain low inflation, and the CBJ stands ready to undertake policy adjustments as necessary to credibly safeguard monetary and financial stability.

    “The authorities are determined to step up the pace of structural reforms to achieve stronger growth and generate more jobs, which is particularly important given that unemployment remains high, particularly among the youth and women. Reforms will focus on improving the business environment, to attract more investment, by enhancing competition and labor market flexibility, while further strengthening the social safety net. Efforts will also focus on streamlining regulation and digitalization of government services, including tax and customs administration.  

    “The staff team is grateful to the authorities for the candid and constructive discussions. The team met with Prime Minister Hassan, Minister of Finance Shibli, Minister of Planning and International Cooperation Toukan, Minister of Economic Affairs Shehadeh, Governor of the Central Bank of Jordan Al-Sharkas; and other Ministers and senior government and CBJ officials.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

  • MIL-OSI Canada: Minister of Justice joins OECD Global Roundtable on promoting democracy and equal access to justice

    Source: Government of Canada News (2)

    News release

    October 10, 2024 – Ottawa, Ontario – Department of Justice Canada

    Access to justice is a fundamental value of the Canadian justice system, in line with our country’s respect for the rule of law. Justice Canada remains committed to playing a leadership role in advancing a people-centred approach to justice and the law, including through its international relationships.

    The Honourable Arif Virani, Minister of Justice and Attorney General of Canada and the Organisation for Economic Co-operation and Development (OECD) joined delegates from around the globe as Justice Canada co-hosted, in collaboration with Canada’s International Development Research Centre, the 2024 OECD Global Roundtable of Access to Justice.

    The two-day roundtable included more than 100 delegates from OECD member and partner countries, academia, and civil society as well as representatives from international, regional, and legal academic organizations. Discussions supported the implementation of the 2023 OECD Recommendation on Access to Justice and People-Centred Justice Systems and its core components, which include: building a purpose and culture in the justice sector that puts consideration of the individual at the heart of justice responses; designing and delivering people-centred justice services; establishing an enabling governance infrastructure; empowering people to be informed and to participate; and committing to evidence-based planning, monitoring, evaluation and accountability.

    The Global Roundtable on Access to Justice is part of a series for knowledge-sharing on people-centered justice at the highest level of government. As part of the OECD Reinforcing Democracy Initiative, the 2024 OECD Roundtable seeks to advance people-centred justice, to strengthen democracy and public trust, to foster prosperity and to contribute to achieving Sustainable Development Goal (SDG) 16 on promoting the rule of law and ensuring equal access to justice for all. Building on the momentum of the previous Roundtables, this event explored measures and strategies to bring justice closer to communities in practical, inclusive and compassionate manner. To achieve this, participants shared experiences and challenges related to the implementation of different justice pathways and innovation to reach people and enable them to resolve their everyday justice problems.

    Quotes

    “Access to justice is a fundamental element of any healthy justice system, and an important pillar of democracy. This Roundtable helps advance our understanding of the role of justice and the rule of law in advancing these key principles. Canada will continue to focus on making our justice systems more responsive and more inclusive, while ensuring the justice sector can respond to global challenges. We are moving in the right direction to achieve our access to justice goals, including the full realization of Sustainable Development Goal 16.”

    The Honourable Arif Virani, P.C., M.P.
    Minister of Justice and Attorney General of Canada

    “The discussions over the past two days reaffirmed the critical importance of the rule of law and people-centred justice, of which Canada is a champion, particularly in the context of increasing pressures on democracy. The OECD, notably through its Reinforcing Democracy Initiative, has been instrumental in supporting countries to make justice systems more responsive, accessible, and people-centred. The outcomes from this Roundtable will inform the development of a toolkit to help policymakers implement the OECD Recommendation and will contribute to global efforts, including the forthcoming OECD Global Forum on Building Trust and Reinforcing Democracy and the 2025 UN High-Level Political Forum, as we work towards creating a future where justice serves everyone.”

    Elsa Pilichowski,
    Director for Public Governance, OECD

    Quick facts

    • The annual OECD Roundtable is the premier international meeting of governments, justice sector stakeholders and partners to share information and insights in justice globally.

    • The OECD Recommendation on Access to Justice is an important tool to support countries in their efforts to promote transparent, responsive and inclusive justice systems. The efforts that flow from their work will promote justice-related commitments and peer learning to advance open government, open justice and equal access to justice.

    • Following the adoption of the Recommendation in 2023, the OECD and its partners are developing practical tools, including concrete examples of initiatives and promising practices, that countries could use in support of their implementation of the Recommendation on access to justice.

    Associated links

    Contacts

    For more information, media may contact:

    Chantalle Aubertin
    Deputy Director, Communications
    Office of the Minister of Justice and Attorney General of Canada
    613-992-6568
    Chantalle.Aubertin@justice.gc.ca

    Media Relations
    Department of Justice Canada
    613-957-4207
    media@justice.gc.ca

    MIL OSI Canada News –

  • MIL-OSI USA: Cotton to Rosenworcel: Rushed Approval of Soros Fund Management-Audacy Deal Raises Questions

    US Senate News:

    Source: United States Senator for Arkansas Tom Cotton

    Washington, D.C. — Senator Tom Cotton (R-Arkansas) today wrote a letter to Federal Communications Commission’s (FCC) Chairwomen Jessica Rosenworcel concerning the purchase of more than 200 radio stations by Soros Fund Management (SFM). The rushed approval of SFM’s purchase of Audacy raises concerns about the FCC’s process, its impartiality, and the risks to our national security. 

    In part, Senator Cotton wrote:

    “The FCC’s approval process for large acquisitions of radio stations generally takes a year or more to complete and is subject to a national-security review if foreign-company ownership exceeds 25 percent. In this case, however, the FCC reportedly attempted to approve the SFM transaction with only 48 hours’ notice. Reports also indicate that no other commissioners aside from you were invited to opine on the issue before staff handled it on the Commission’s behalf. Moreover, SFM requested to bypass the traditional national-security review, despite raising $400 million for the purchase with foreign investments.”

    Full text of the letter may be found here and below.

    October 10, 2024

    Jessica Rosenworcel
     Chairwoman
     Federal Communications Commission
     45 L Street NE
    Washington, DC 20554
    Dear Chairwoman Rosenworcel,

    I write regarding the Federal Communications Commission’s (FCC) decision to expedite Soros Fund Management’s (SFM) purchase of more than two hundred radio stations just weeks before a critical presidential election.

    The FCC’s approval process for large acquisitions of radio stations generally takes a year or more to complete and is subject to a national-security review if foreign-company ownership exceeds 25 percent. In this case, however, the FCC reportedly attempted to approve the SFM transaction with only 48 hours’ notice. Reports also indicate that no other commissioners aside from you were invited to opine on the issue before staff handled it on the Commission’s behalf. Moreover, SFM requested to bypass the traditional national-security review, despite raising $400 million for the purchase with foreign investments.

    This decision affects over 165 million monthly listeners on Audacy—a network that includes conservative programming like Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck, and Erick Erickson. It would be naive to think the timing is coincidental, or that a Soros-funded network would impartially manage conservative talk shows in the weeks before the election. The FCC’s rushed approval of SFM’s purchase raises significant concerns about the FCC’s process, its political impartiality, and the risks to our national security.

    I urge the FCC to use its traditional process outlined by Section 310 of the Communications Act. Accordingly, please respond to the below questions by ___

    1. Under existing FCC rules, foreign-company ownership of U.S. radio stations should not exceed 25 percent. Did SFM request to bypass the national-security evaluation? If so, did you approve it?
    2. What other exceptions to the existing rule regarding foreign-ownership of U.S. radio stations have occurred during your tenure as Chairwoman?
    3. Who was invited to opine on SFM’s purchase of Audacy?
    4. What efforts were made to undergo a legitimate public-interest analysis?

    Sincerely,

    Tom Cotton

    U.S. Senator

    MIL OSI USA News –

  • MIL-OSI Canada: Prime Minister Justin Trudeau meets with Prime Minister of Malaysia Anwar Ibrahim

    Source: Government of Canada – Prime Minister

    Today, Prime Minister Justin Trudeau met with the Prime Minister of Malaysia, Anwar Ibrahim, on the margins of the Association of Southeast Asian Nations Summit.

    The prime ministers discussed the dynamic bilateral relationship between Canada and Malaysia, which is further being strengthened through the implementation of Canada’s Indo-Pacific Strategy. They welcomed co-operation on a variety of issues, including bolstering trade and investment, deepening defence partnerships, strengthening democratic institutions, and protecting cybersecurity. The leaders also highlighted recent examples of this mutually beneficial co-operation, including this year’s Team Canada Trade Mission to Malaysia and the opening of BlackBerry’s Cybersecurity Centre of Excellence in Malaysia, in March.

    Prime Minister Trudeau and Prime Minister Anwar discussed their interest in expanding co-operation on energy security and renewables.

    The leaders exchanged views on pressing geopolitical issues. They discussed the impact that multiple crises around the world are having on social cohesion and agreed to work together to explore ways to manage their effects.

    Prime Minister Trudeau and Prime Minister Anwar agreed to stay in close contact and looked forward to ongoing collaboration.

    Associated Links

    MIL OSI Canada News –

  • MIL-OSI USA: Senator Markey Statement on Passing of Ethel Kennedy

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Boston (October 10, 2024) – Senator Edward J. Markey (D-Mass.) released the following statement today on the passing of Ethel Kennedy.

    “I am deeply saddened to learn of the passing of Ethel Kennedy, a woman of true grace and grit, a dedicated matriarch, and a supportive friend. Ethel Kennedy’s generosity of spirit transcended politics, and her dedication to her family and her husband’s legacy were a driving force. 

    “When Ethel started the Robert F. Kennedy Center for Justice and Human Rights in 1968, she ensured that her husband’s life’s work would continue. She transformed her personal tragedy into a lasting legacy of public service and global leadership. Her mission will forever be felt beyond the shores of her beautiful home in Hyannis to the far reaches of the world where her fight for human rights lives on. 

    “A true force for social change in her own right, Ethel Kennedy worked to address society’s greatest injustices, fighting for equity, inclusion, compassion, and lasting change. The country has lost one of our greatest advocates for American exceptionalism, and the world has lost an irreplaceable champion of humanity. Ethel Kennedy was a woman whose vision was fueled by her boundless heart and goodwill, and she will be remembered forever. The entire Kennedy family is in my prayers.” 

    MIL OSI USA News –

  • MIL-OSI Canada: Backgrounder: Saddle up for more great tourism experiences in Nova Scotia

    Source: Government of Canada News

    Tourism boosts local economies, highlights unique attractions, and celebrates the region’s rich culture.

    October 10, 2024 · Truro, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

    Tourism boosts local economies, highlights unique attractions, and celebrates the region’s rich culture. Today, the Government of Canada announced a total of $362,500 to three organizations for four tourism projects to help tap into tourism opportunities through strategic planning and hosting dynamic events.

    The Central Nova Scotia Civic Centre Society (operating as Central NS Sports & Entertainment) received a $150,000 non-repayable investment through ACOA’s Innovative Communities Fund (ICF) to host the four-day inaugural Nova Scotia Stampede from September 26-29, 2024 at the Provincial Exhibition Grounds in Truro. The professional rodeo featured international and national champions competing in events such as bull riding, barrel racing and saddle bronc, as well as 4H showcases, musical performances, Nova Scotian food, artisans and vendors. The week-long event sold out all rodeo events, full-day passes and VIP tickets, attracting many visitors outside of the traditional peak tourism season, and showcasing Nova Scotia’s culture and agriculture sector to an international audience. The Province of Nova Scotia provided $150,000 for this project, and the Town of Truro and Colchester County provided a combined $75,000.

    The Society also received a $100,000 non-repayable investment through ICF to host the 2023 World Junior A Challenge which took place December 10-17, 2023 at the Rath Eastlink Community Centre (RECC). The event is an under-20 international ice hockey tournament sponsored by Hockey Canada, the Canadian Junior Hockey League (CJHL) and the International Ice Hockey Federation (IIHF). It featured six teams from around the world, giving young players exposure to international level competition, and bringing visitors to the region outside the peak tourism season. The Province of Nova Scotia provided $100,000 for this project and the Town of Truro and Colchester County each provided $50,000.

    The Central Nova Scotia Civic Centre Society is a not-for-profit organization which operates the Rath Eastlink Community Centre and provides event management services for the Provincial Exhibition Grounds which includes the development of the inaugural Nova Scotia Stampede project.

    The Town of Truro and Municipality of the County of Colchester are receiving a non-repayable investment of $96,850 through ICF to create a strategic tourism plan for the Truro-Colchester region. The town and county, in collaboration with regional partners Millbrook First Nation and the Town of Stewiacke, will continue to engage local businesses, community organizations, industry leaders and all levels of government to play an active role in creating a long-term success plan for elevating tourism in the area. The plan will focus on developing tourism all year long by identifying potential gaps and opportunities in the market, and will be implemented over the next three to five years.

    The Truro-Colchester region is located in north central Nova Scotia and has a population of over 50,000 people. Known as the “Hub of Nova Scotia,” Truro’s central location and historic downtown make it a popular destination from which to view the famous tidal bore in the Bay of Fundy.

    The Town of Amherst is receiving a non-repayable investment of $15,250 through ACOA’s Tourism Growth Plan (TGP) to develop and implement a strategic tourism plan in Cumberland County. The plan will help the town  build on its tourism potential, improve its tourism products, and engage with the broader network of tourism stakeholders in the area. It will also conduct a Digital Footprint Analysis, to help tourism businesses improve their virtual profile and better present themselves to potential visitors online. Cumberland County provided $7,625 for this project.

    The Town of Amherst is the largest town in Cumberland County and has a population of approximately 9,500. Amherst welcomes visitors crossing the border from New Brunswick, and is a good place to explore both the rugged cliffs of the Bay of Fundy, home of the world’s highest tides, and the sandy shores and warm water of the Northumberland Shore.

    Connor Burton
    Press Secretary
    Office of the Minister of Rural Economic Development
    Atlantic Canada Opportunities Agency
    Connor.Burton@acoa-apeca.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Statement on World Day Against the Death Penalty

    Source: Government of Canada News

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today issued the following statement

    October 10, 2024 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today issued the following statement:

    “On this World Day Against the Death Penalty, Canada reaffirms its opposition to the death penalty in all cases, everywhere.

    “The death penalty is incompatible with human rights and human dignity. Not only is it ineffective as a deterrent to crime, but its use also carries the significant risk of innocent individuals being executed. It has also been disproportionately used against members of marginalized groups and people who oppose authoritarian regimes, including political opponents and human rights defenders.

    “Canada strongly encourages all countries to abolish the death penalty. While condemning the death penalty, Canada also calls on countries where it is still practiced to respect international safeguards and standards, including due process and fair trials.

    “We are pleased to work closely with the World Coalition Against the Death Penalty, the International Commission Against the Death Penalty and the Alliance for Torture-Free Trade, all of which aim to abolish the use of the death penalty, torture and other cruel and degrading punishments.

    “The majority of nations have abolished the death penalty, and Canada proudly stands among them. Our stance is rooted in a commitment to upholding human rights for all individuals.”

    MIL OSI Canada News –

  • MIL-OSI Global: ‘Cajun Navy’ volunteers who participate in search-and-rescue operations after hurricanes are forming long-lasting organizations

    Source: The Conversation – USA – By Kyle Breen, Assistant Professor of Sociology, Texas A&M International University

    Volunteers with Savage Freedoms Relief Operation coordinates aid in Swannanoa, on Oct. 7, 2024, after Hurricane Helene severely damaged the North Carolina town. Allison Joyce/AFP via Getty Images

    The volunteers who take part in search-and-rescue operations and then support disaster survivors belong to organizations that have become more formal and established over the past decade. That’s what we found after spending more than four years volunteering alongside eight of these groups to better understand their role and the motivations of the people who participate in these efforts.

    We did this research as part of a larger team of sociologists, an urban planning scholar and emergency management specialists. All of us worked alongside civilian volunteer search-and-rescue groups from Louisiana and Texas between 2017 and 2022 during and after many hurricanes, including Harvey and Laura, the winter storm known as Uri and other major disasters.

    While we volunteered with these organizations, we observed them in action and interviewed their leaders and volunteers to learn why they were making the time and taking personal risks to save others. Many cited their personal values, expressed their need to belong to a group, and said it had helped them find a sense of purpose. Others shared that they were motivated by their personal circumstances and experiences or feelings of guilt, or that this kind of volunteering gave them a deep sense of satisfaction.

    “I lost everything I owned in Katrina. They deemed my family’s property uninhabitable,” said a boater we’ll call Dylan to protect his anonymity. “I can’t sit here after knowing what it is to lose everything.”

    Some volunteers said that one reason why they have repeatedly done this work is to counter stereotypes about people who engage in these efforts. When he’s heard people say, “Oh you’re just out there, doing it for the spotlight,” said Roger, he told us he wants to respond by saying, “Yeah, dude. If you flood, call me, I’ll come get you.”

    While the organizations we researched were based in Louisiana and Texas, the volunteers who participate in these efforts come from across the U.S. and, in some cases, other countries. One volunteer we met was from the United Kingdom.

    After Hurricane Helene destroyed roads in western North Carolina, rescue squads delivered aid by donkey and helicopter.

    Why it matters

    Since Hurricane Katrina struck the Gulf Coast in 2005, volunteers have been participating in search-and-rescue efforts after big disasters – especially in that region. But these volunteers come from all over.

    Many of these groups are known as “Cajun Navy” organizations. Whether or not these organizations use the Cajun Navy branding in their names they share, a common mission of helping others in emergencies.

    These volunteers aren’t just operating boats and helicopters. Others serve as dispatchers, handle logistics, and run social media operations.

    Over time, some of the organizations have begun to team up with local emergency responders, signing memorandums of understanding with them. They partner with government agencies while assisting in disaster response and relief efforts, but they primarily operate with autonomy and are able to travel where they perceive the need is greatest.

    This kind of group tends to dissolve after a disaster is over, instead of evolving into an established nonprofit.

    But many of the eight groups we studied have become nonprofits or are in the process of doing so.

    How we do our work

    We were able to do this research by becoming volunteers ourselves. We took part in dispatch operations on the ground and remotely, and we supported logistics planning. We also observed and, in some cases, participated in search-and-rescue training and operations in the water and on land.

    The Research Brief is a short take about interesting academic work.

    Kyle Breen received funding from the National Science Foundation for this research. He currently holds funding from the Social Sciences and Humanities Research Council of Canada and the Canadian Institutes of Health Research for other research projects.

    J. Carlee Purdum received funding from The National Science Foundation for this research and for other ongoing projects.

    – ref. ‘Cajun Navy’ volunteers who participate in search-and-rescue operations after hurricanes are forming long-lasting organizations – https://theconversation.com/cajun-navy-volunteers-who-participate-in-search-and-rescue-operations-after-hurricanes-are-forming-long-lasting-organizations-240769

    MIL OSI – Global Reports –

  • MIL-OSI USA: WATCH: Senator Reverend Warnock Discusses Faith, Family, and Service in New Episode of PBS’ “Breaking Bread with Alexander”

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    WATCH: Senator Reverend Warnock Discusses Faith, Family, and Service in New Episode of PBS’ “Breaking Bread with Alexander”

    In his hometown of Savannah, Senator Reverend Warnock joined host Alexander Heffner for a discussion about his public service as a U.S. Senator for all Georgians, and how his faith and family shaped his childhood in the Coastal Empire
    Over brunch and a stroll, Senator Reverend Warnock shared his approach to making change in Washington, including the importance of bipartisanship and his work on issues top of mind for Georgians like defending our democracy and closing the health care gap
    Senator Reverend Warnock: “I think activism, and speaking, and demonstrations are part of the democratic process. We need people shaking it up on the outside, as long as they are non-violent and dignified in their approach, and we need people shaking it up on the inside”

    Above: Senator Warnock and Alexander Heffner
    Washington, D.C. – In a recently-aired episode of PBS’ Breaking Bread with Alexander, U.S. Senator Reverend Raphael Warnock (D-GA) joined journalist and host Alexander Heffner in his hometown of Savannah to discuss how his family, faith, and childhood in Coastal Georgia shaped his life and continues to inform his service for all Georgians in the United States Senate. The interview, which originally aired on October 2, follows Senator Warnock and Alexander as they converse while strolling along “Raphael Warnock Way” a street named honoring the Senator just outside of his childhood home, and then as they enjoy a meal of chicken and waffles at famous Savannah restaurant Collins Quarter.
    During the episode, the Senator dived into his approach to delivering for Georgians in Washington and how he works to center people in federal policymaking, discussing the power of bipartisanship to create consensus and solve problems, how being a father shapes his leadership, and why he continues to fight on issues like health care that are top of mind to many Georgians. 
    Watch the new episode HERE.
    Read key excerpts from the interview below:
    On bipartisanship
    Senator Reverend Warnock (SRW): “I’m proud of the fact that I came to the Senate in the 117th Congress. Out of 100 senators, it was easy for me to remember where I was on the pecking order, I was number 100, the most junior senator in the Senate. Yet I managed to be listed, according to bills and work that I had done, as the 18th (now 14th) most bipartisan senator in the Senate. I’m proud of that because I won in the special election, which means Republicans knew I was going to be up again in two years for reelection and yet, I was able to get enough of them to work with me to be listed as the 18th most bipartisan senator in the Senate.
    “I think that is what our country needs, I am who I am, I believe what I believe, there are some things I’m not going to compromise on in terms of the core of my values and what I think are important – human dignity, that everybody ought to have a path to prosperity, that ours is a country that ought to embrace all of our children. And that’s my North Star, but you’ll find there are a whole range of things we can work on together.”
    On his family and ministry
    SRW: “My dad was the pastor of a small church not far from here on Gwinnett Street, but he was also a junk man. He literally took care of our family by loading old junk cars that other folk had thrown away, stacking them one on top of the other, taking them down to what was then Chattem Steel, and that’s how he took care of his family.
    “On Sunday mornings, the man who spent all week lifting broken cars, lifted broken people with his message of hope, the depth of his faith, his grit and determination of a Black man born in 1917, a World War II veteran who in one instance had to give up his seat on a bus while wearing his soldiers uniform to a young teenager.
    “His faith inspires me.
    “My mother grew up in Waycross, Georgia. She grew up in a slightly different time in the 1950s, as a teenager picking somebody else’s Tobacco, picking somebody else’s cotton.
    “The octogenarian hands that used to pick somebody else’s Tobacco, somebody else’s cotton, could pick her son to be a United States Senator. Only in America is my story possible.”
    On health care
    SRW: “I’m someone who was shaped and inspired by the civil rights and human rights tradition. In 2014, I stood up saying we need to expand Medicaid in Georgia, as part of the Affordable Care Act. We have 600,000 Georgians in the coverage gap, and who are these people? They are mostly the working poor.
    “Dr. King said ‘Of all the injustices, inequality in healthcare is the most shocking and the most inhumane’. I was part of a demonstration in front of the Governor’s office here in Georgia and I was arrested fighting for Medicaid expansion. I thought it was a small price to pay when I considered that here we had an opportunity to give poor people, working-class people access to dignity, access basic health care, preventative care, that would literally save lives. And the state leaders were digging in their heels for political purposes. And so I got arrested in the state capital in Georgia, I’ve gotten arrested in the U.S. capital, also fighting for health care, fighting to protect SNAP benefits. And I’ll continue to ring the bell on this issue, it’s so very important.”
    Alexander Heffner: “Do we need more civil disobedience in American life today?”
    SRW: “I think activism, and speaking, and demonstrations are part of the democratic process. We need people shaking it up on the outside, as long as they are non-violent and dignified in their approach, and we need people shaking it up on the inside. I’ve had my experience with both, I often say that now I’ve translated my protest into public policy, my agitation into legislation, but I will do anything within reason, that is consistent with my values if it will get people health care.”

    MIL OSI USA News –

  • MIL-OSI USA: Warren, Wyden, Porter Call on Treasury, IRS to Improve Direct File by Ending Reliance on ID.me, Making Identity Verification Secure and Accessible

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    October 09, 2024
    “[Taxpayers] should not be forced to jump through extra, onerous, hoops that private tax prep companies are not required to meet.”
    Text of Letter (PDF)
    Boston, MA – U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, Ron Wyden (D-Ore.), Chair of the Senate Finance Committee, and Representative Katie Porter (D-Calif.) wrote to the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) urging the agencies to make the Direct File tax filing program more accessible by ending reliance on ID.me, which uses a flawed facial recognition software.
    When Direct File, the first free, public, electronic federal tax filing tool in U.S. history, launched, the IRS announced that taxpayers would need to submit to identity verification through ID.me because it met the IRS’ desired level of strictness, “Identity Assurance Level 2” (IAL 2). IAL 2 is the middle of three “levels” of national identity verification standards, and requires an applicant’s face to be compared to a government ID using facial recognition software or by a human. But the facial recognition technology used by ID.me has been shown to be less accurate when dealing with vulnerable groups, including individuals of color, and has been linked to wrongful arrests of black men. This heightened identity verification is required for the Direct File service and not for commercial tax preparation services. 
    “Requiring them to use ID.me is creating yet another needless barrier to exactly these taxpayers who need Direct File most to claim tax benefits, as it has been with other government benefits,” wrote the lawmakers. 
    Private tax preparation companies are not judged against IAL standards but operate at the equivalent of a level 1 by just having users simply assert their identity.  The private tax preparation companies have also egregiously misused private taxpayer information, and Direct File allows taxpayers the option to not give their money and personal information to private companies when filing their taxes. Login.gov, a government-run identity verification alternative, is expected to be compliant with existing IAL 2 standards, making it available for the 2025 tax season. 
    The IRS’ current approach to security does not make sense. 
    “If the threat posed by identity thieves and fraudsters is severe enough to warrant requiring taxpayers to submit to identity verification…then the IRS should require such security protections, across the board, regardless of whether taxpayers use Direct File, commercial services like TurboTax and H&R Block…,” the lawmakers continued. “Alternatively, if the threat posed by identity thieves is not serious enough for the IRS to require commercial tax prep companies to implement burdensome identity verification, then taxpayers using Direct File should not be required to do so either.” 
    The 2024 Direct File pilot was a clear and resounding success, helping taxpayers claim over $90 million in tax refunds and saving taxpayers $5.6 million in estimated filing fees. The IRS recently announced that it will expand service to 24 states and over 30 million taxpayers for the 2025 tax season. In order to keep Direct File serving taxpayers effectively, the lawmakers requested answers from the Treasury and the IRS about the impact of ID.me on taxpayers’ access to Direct File and potential alternatives to ID.me by October 21, 2024. 
    Senator Warren has been at the forefront of holding tax prep firms and Big Tech accountable for their behavior, and pushed for an effective IRS direct free file program:
    In June 2023, Senators Warren and Carper and Representatives Sherman, Porter, and Beyer led a coalition of 99 Democratic lawmakers in sending a letter to Internal Revenue Service (IRS) Commissioner Daniel Werfel and Deputy Treasury Secretary Adewale Adeyemo, applauding the IRS’ announcement of a pilot  of a free tax filing tool next year. 
    In April 2023, Senators Warren and Carper led their colleagues in sending a letter to IRS Commissioner Daniel Werfel urging the agency to simplify the tax process and broaden access to free e-filing options.
    In April 2023, at a hearing of the Senate Finance Committee, Senator Warren questioned Internal Revenue Service (IRS) Commissioner Daniel Werfel about the IRS’s failed Free-File partnership with private tax preparation software companies and called on the agency to implement a direct E-File program that will be truly free and easy for millions of Americans. 
    Commission Werfel agreed with Senator Warren that the gap between the 70% of taxpayers that Free File is supposed to serve and the 2% it actually does is “massive.”  When Senator Warren pointed out that tax prep companies are instead pushing alternative services that should be free, are marketed as free, but are not, Commissioner Werfel also agreed that “the whole process needs to be improved,” that taxpayer rights have been violated, and the IRS has an obligation to make “the tax system easier for taxpayers to navigate.”

    In March 2023, Senators Warren and King wrote a letter with 19 other senators to the Internal Revenue Service and Secretary Yellen expressing strong support for Secretary Yellen’s directive for the IRS not to raise audit rates for small businesses or households making under $400,000 annually. 
    In December 2022, Senators Warren and Wyden, along with Representatives Porter and Sherman sent letters to tax preparation companies H&R Block, TaxAct, and TaxSlayer, plus big tech firms Meta, and Google, amid reports that the tax preparation companies have been secretly transmitting individual taxpayers’ sensitive financial information to Meta and Google.
    In July 2022, Senator Warren led 22 of her colleagues in introducing the Tax Filing Simplification Act of 2022 to simplify the tax filing process for millions of Americans by lowering costs, eliminating red tape for all taxpayers, and saving them hours and hundreds of dollars. 
    During an exchange of the United States Senate Finance Committee in June 2022, U.S. Treasury Secretary Janet Yellen agreed with Senator Warren on the need to create a free tax filing system that actually works for Americans.

    MIL OSI USA News –

  • MIL-OSI USA: Brown Secures New Investment To Replace Lead Service Lines In Youngstown

    US Senate News:

    Source: United States Senator for Ohio Sherrod Brown
    WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH) announced a new investment to replace lead service lines in Youngstown. Brown advocated for this much-needed investment, which will result in the U.S. Environmental Protection Agency awarding $1.2 million to the City of Youngstown for its Lead Service Line Replacement Program.
    “Families shouldn’t have to worry about whether or not the water coming out of the faucet is safe for their children to drink,” said Brown. “I fought for this investment so that the City of Youngstown can replace old lead pipes, creating jobs while ensuring that Ohioans in the Valley have access to safe and reliable drinking water.”
    Brown secured this investment in the 2024 government funding law, which provides key funding for water infrastructure projects. These investments complement the resources allocated by Congress in the Bipartisan Infrastructure Law, which Brown helped write and pass.

    MIL OSI USA News –

  • MIL-OSI Security: FBI San Francisco Releases Local Data from 2023 Cryptocurrency Fraud Report

    Source: Federal Bureau of Investigation (FBI) State Crime News

    With Cybersecurity Awareness Month in full swing, the FBI urges the public to stay vigilant

    The FBI’s 2023 Cryptocurrency Fraud Report reveals that California experienced the highest cryptocurrency-related losses in the nation, totaling $1.15 billion. Within the FBI San Francisco Field Office’s territory, losses amounted to $260,313,902, with 1,226 victims across 15 counties, including Alameda, San Francisco, and Santa Clara. Nationally, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses.

    Criminal actors exploit cryptocurrencies for all schemes, to include tech support, confidence and romance, investment and government impersonation scams. Investment fraud was the most reported cryptocurrency scheme in 2023, and also saw the most reported losses, with about $3.9 billion lost.

    “Cryptocurrency’s rapid adoption has made it a prime target for fraudsters,” said Special Agent in Charge Robert Tripp. “We urge the public to stay vigilant and to report any suspected fraud to the FBI through the Internet Crime Complaint Center at ic3.gov.”

    FBI San Francisco encourages the public to submit reports of fraud, or suspected fraud, through ic3.gov, even if a financial loss did not occur.

    Below are some tips to protect yourself from cryptocurrency schemes:

    • Criminals will seek to instill a sense of urgency and isolation.
    • When receiving an unsolicited call by an unknown caller claiming to work for a well-known company or government agency, hang up, independently research the company or agency’s publicly published phone number and call it to confirm authenticity of the original call.
    • No legitimate law enforcement or government official will call to demand payment via a cryptocurrency kiosk.
    • Never give personally identifying information to anyone without verifying the person is who they say they are.
    • Verify the validity of any investment opportunity strangers or long-lost contacts offer on social media websites. If you have never met an individual in real life, be very cautious of accepting investment advice or opportunities.
    • Be on the lookout for domain or website names that impersonate legitimate financial institutions, especially cryptocurrency exchanges.
    • Fraudulent businesses often use website addresses that mimic real financial institutions, but are often slightly different, to convince people the fraudulent website is legitimate.
    • Do not download or use suspicious-looking apps as a tool for investing unless you can verify the legitimacy of the app.
    • If an investment opportunity sounds too good to be true, it likely is. Be cautious of get-rich-quick schemes.

    If you believe you are a victim of fraud or someone you know—regardless of financial loss—and you are not under imminent threat, please report the fraud to FBI’s Internet Crime Complaint Center at ic3.gov or call FBI San Francisco at (415) 553-7400.

    View the full 2023 Cryptocurrency Fraud Report. 

    For more information or media inquiries, email Media.sf@fbi.gov.

    MIL Security OSI –

  • MIL-OSI USA: Reps. Roy, Weber demand action from Biden-Harris admin to prevent non-citizens on voter rolls

    Source: United States House of Representatives – Representative Chip Roy (R-TX)

    Washington, D.C. – On Wednesday, Representatives Chip Roy (TX-21) and Randy Weber (TX-14) led a group of Texas lawmakers in calling on the Biden-Harris administration to immediately provide the necessary data to protect the integrity of Texas elections and ensure only U.S. citizens are registered to vote in the state of Texas.

    Governor Greg Abbott recently announced the removal of 6,500 potential noncitizens from Texas voter rolls, highlighting the critical need for further verification before the upcoming election. The federal government has thus far failed to comply with an urgent request made by the State of Texas for access to USCIS data, which is crucial in verifying voter eligibility.

    Representative Roy said, “Texas has a duty to prevent noncitizens from voting. The Biden-Harris administration is trying to prevent that for the same reason they fought the SAVE Act (H.R. 8281): they want noncitizens — especially illegal aliens — to vote.

    Public confidence in elections is a necessary cornerstone of any representative government. That confidence must be earned through diligence and transparency.”

    “The refusal to provide the State of Texas with vital information that should be readily accessible is nothing short of a dereliction of duty. The Harris-Biden administration is willfully turning a blind eye as noncitizens potentially influence our elections,”said Representative Weber.“If federal law prohibits noncitizens from voting, then why are they sitting idly by instead of handing over the information that would ensure Texas can maintain clean voter rolls? It’s really quite simple: they should be doing their job. My Texas Republican colleagues and I are demanding that they release the voter rolls requested by the Texas Secretary of State without further delay.”

    Other Texas Republicans who signed the letter include Lance Gooden (TX-5), John Carter (TX-31), Brian Babin (TX-36), Keith Self (TX-3), August Pfluger (TX-11), Pete Sessions (TX-17), Ronny Jackson (TX-13), Morgan Luttrell (TX-8), Troy Nehls (TX-22), Wesley Hunt (TX-38), Beth Van Duyne (TX-24), and Pat Fallon (TX-4).

    Read the full letter here.

    ###

    MIL OSI USA News –

  • MIL-OSI: CBORD Achieves StateRAMP Authorization for Online Transaction Processing

    Source: GlobeNewswire (MIL-OSI)

    ITHACA, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) — CBORD, a leading provider of integrated technology solutions powering access, foodservice, nutrition, commerce, and card systems for higher education, acute healthcare, senior living, and business campuses, is thrilled to announce its CBORD Online Transaction Processing solution has achieved StateRAMP Authorization, reaffirming its commitment to data security and compliance.

    StateRAMP, a nationally recognized risk authorization management program, provides a standardized approach to assessing cloud products. Achieving StateRAMP Authorization demonstrates CBORD’s dedication to meeting the highest security and compliance standards, ensuring the trust and confidence of government agencies and organizations.

    CBORD’s Online Transaction Processing, a cutting-edge solution designed to securely process and manage financial transactions across various platforms, has undergone a rigorous third-party assessment and review by the StateRAMP Program Management Office. This achievement reflects CBORD’s unwavering commitment to delivering a secure and reliable solution government agencies can rely on to safeguard their data and operations.

    Josh Elder, CBORD’s information security officer, expressed his excitement about achieving StateRAMP Authorization, saying, “At CBORD, we are committed to ensuring our solutions are secure, reliable, and compliant. Achieving StateRAMP Authorization enables us to demonstrate our commitment to meeting the rigorous cybersecurity requirements needed to serve state and local governments.”

    Government agencies and organizations can now confidently rely on CBORD’s StateRAMP Authorized CBORD Online Transaction Processing to streamline their operations, reduce risk, and enhance data security.

    For more information about CBORD Online Transaction Processing and CBORD’s StateRAMP Authorization, please visit https://stateramp.org/product-list/. You can also contact CBORD at marketing@cbord.com.

    About CBORD
    CBORD, a Roper Technologies company (Nasdaq: ROP), is a leading provider of food and nutrition management software, integrated security solutions, campus card and cashless systems, and commerce platforms for healthcare, senior living, higher education, and business campuses. With over 10,000 organizations using CBORD solutions globally, CBORD is committed to delivering innovative and comprehensive technology solutions that enhance the daily lives of patients, residents, students, staff and administrators.

    Contact:
    CBORD
    marketing@cbord.com
    http://www.cbord.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa2cf77-87a1-40af-a062-227480eea855

    The MIL Network –

  • MIL-OSI Economics: IADC Nigeria Chapter Hosts HSE Awards & Technical Session

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC Nigeria Chapter Hosts HSE Awards & Technical Session

    The 2024 IADC Nigeria Chapter HSE Awards and Technical Session was held on 13 September. Chapter Chairman Mr. Chuks Enwereji discussed workplace stress during the event’s safety moment. He then delivered an update on the state of the Nigeria Oil & Gas industry, providing valuable insights into the current landscape. 

    A special mention was given to the Petroleum Training Institute (PTI) IADC Student Chapter, the first of its kind in Nigeria. The chairman celebrated the presence of students from the PTI Student Chapter, recognizing the importance of nurturing future talent. Since its inception, the PTI IADC Student Chapter has organized several initiatives, including technical sessions and inter-level drilling quiz competitions, demonstrating their passion for industry excellence. The PTI Student Chapter extended its deepest gratitude to both IADC Headquarters and the IADC Nigeria Chapter for their continuous support.

    Guest speakers delivered thought-provoking presentations. Mrs. Ihuoma Okorie, CEO of Clintas Energy Resources Limited, addressed the critical topic “Competency Training in the Oil & Gas Industry.” Engr. Mercy Ntuk, HSSE Lead at Unitech Drilling Company Limited, followed with an engaging session on the topic “Developing and Sustain Competency in Critical Roles.” 

    The Chapter honored Member companies that actively participated in the 2023 Incident Statistics Program (ISP), with their reports meticulously analyzed by the HSE Committee. A total of ten companies submitted their 2023 reports, and after careful review, Shelf Drilling Offshore Services Limited emerged as the top performer for their exemplary safety practices. The following companies were recognized:

    • Aviam Offshore Engineering Company Limited
    • Charlvon Limited
    • Depthwize Nigeria Limited
    • Geoplex Drillteq Limited
    • Ocean Deep Drilling ESV Nigeria Limited
    • Pacific International Drilling West Africa Limited
    • Selective Marine Oil and Gas Limited
    • OES Energy Services
    • Unitech Drilling Company Limited
    • Shelf Drilling Nigeria Limited

    The 2024 HSE Awards & Technical Session was a resounding success, bringing together key industry stakeholders, government and regulatory agencies, and directors of  Member companies. It was a vibrant and interactive event filled with enriching presentations, valuable insights, and a strong sense of collaboration within the industry.

    MIL OSI Economics –