Fintech PR
The Linux Foundation’s Artificial Intelligence Community Announces New Acumos Release Focused on Creation of AI/ML Models
The LF AI Foundation, the organization building an open AI community to drive open source innovation in artificial intelligence (AI), machine learning (ML) and deep learning (DL), today announced the new release of Acumos code named Boreas. This latest release of the open source framework and marketplace will enable the creation, training and license verification of AI, ML and DL models and apps, among other benefits to the community of developers and data scientists.
“The technology industry is on the precipice of a major technological shift with AI, which is exactly the point in any technology evolution where open source software and community can accelerate development,” said Ibrahim Haddad, executive director of LF AI Foundation. “An open source framework that is iterated upon early and often is key in transforming the development work for data scientists and developers, and Acumos is that foundation for innovation.”
Acumos AI is a platform and open source framework that makes it easy to build, share, and deploy AI apps. Acumos standardizes the infrastructure stack and components required to run an out-of-the-box general AI environment. This frees data scientists and model trainers to focus on their core competencies and accelerates innovation.
Acumos is part of the LF AI Foundation, an umbrella organization within The Linux Foundation that supports and sustains open source innovation in AI, ML, and DL while striving to make these critical new technologies available to developers and data scientists everywhere.
The latest Acumos AI release includes:
- Support for onboarding of ONNX, PFA and Dockerized models.
- Enhanced Acumos platform peering through a controlled process of partner catalog publication and subscription.
- Global catalog search capability
- Federation of Catalogs
- Support for AI/ML model suppliers to provide a commercial software license with their models in the Acumos marketplace.
- Security scans of license metadata for models (Disabled with Security Verification turned off)
- Support verification of licenses and Right-To-Use for commercial models**
- Logging to enable model activity tracking and reporting
- Support for ML Workbench to allow the creation and training of AI/ML models in Acumos platform.
- Support for Notebooks development environment (Jupyter)
- Support for Pipeline (NiFi) tools are integrated with Acumos (NiFi Pipeline tools are available as a Beta Feature only under Kubernetes)
- Enhanced user experience in portal.
- Publishing, unpublishing, deploying , onboarding, model building, and chaining, etc.
- Enhanced logging standards.
- Log formats aligned with ONAP
- Support for Log management tools
- Enhanced support for deploying Acumos platform under Kubernetes.
Global Adoption of Acumos
Integration, adoption and deployment of Acumos around the world is well underway and demonstrates momentum for a common, open framework to accelerate innovation in the AI, ML and DL app space. Two key examples are Orange and Tech Mahindra. Orange is using Acumos for an AI Marketplace and is integrating the upcoming Acumos Clio release with ONAP in order to test it on ONAP OpenLab and the 5G research platform Plug’in. Orange’s contribution to the Acumos includes the Onboarding enhancements seen in Acumos Boreas. Tech Mahindra is integrating Acumos into a number of its initiatives. TechMahindra GAiA is the first enterprise-grade open source AI platform, hosting a marketplace of AI models for a wide group of industry verticals. These are used as the basis for building, sharing and rapidly deploying AI-driven services and applications to solve business critical problems.
Supporting Quotes
Amdocs
“Acumos Boreas represents a significant next step in open source AI and machine learning,” said Dr. Ofer Hermoni, Director of Product Strategy at Amdocs and Chair of the LF AI Technical Advisory Counsel. “With the ability to create and train models, we’re well on our way to providing all the essential tools for rapid innovation for data scientists and developers building AI and machine learning apps.”
AT&T
“The second release of Acumos exemplifies the progress we’ve made as a community, and AT&T is proud to be a founding member of the project,” said Mazin Gilbert, vice president of Advanced Technology & Systems, AT&T Labs. Together, we’re lowering the barrier to entry for artificial intelligence by driving a collaborative open source community for developers, students and scientists. We’re honored to be a part of this community and committed to continued use of Acumos inside AT&T.”
Ericsson
“Open Source based AI platform capabilities and ecosystem are an important part of Ericsson’s 5G platform strategy to address the needs of our customers globally.” said Anita Frisell, VP Head of Technology Development and Execution and LF AI Board Member. “Key part of these capabilities is to enable creation and commercialization of AI based solutions. Boreas release of Acumos takes a big step towards achieving this objective. Ericsson is pleased to be a key contributor of the licensing and security features of the Boreas release in collaboration with AT&T and the community.”
Nokia
“Acumos with the Boreas Release offers a complete experience for ML modelers and model consumers beyond the marketplace. As a founding member of the LF AI, Nokia is excited about the possibilities of Acumos in powering ML model marketplaces around network automation and evolved 5G RAN architecture’s near real-time RAN Intelligent Controller. We are working on several use cases together with our customers to help accelerate the adoption of AI based applications,” said Jonne Soininen, Head of Open Source Initiatives at Nokia.
Orange
“A unified development platform for AI was really needed. The Boreas release of Acumos AI is a major step forward. Orange has increased its involvement in Acumos in both execution and on-boarding. We have tested extensively the publication and exporting of AI models for operations use cases like incident detection and tickets classification and see Acumos as an excellent solution for the Orange AI Marketplace,” said Nicolas Demassieux, Senior Vice President, Orange Labs Research.
TechMahindra
“We are proud to be a key contributor to the Acumos Boreas release, another milestone towards creating a collaborative ecosystem for AI along with AT&T and LF. At Tech Mahindra we are committed to leveraging technologies like AI, both on IT and networks side to help our customers RUN better, CHANGE faster and GROW greater. TechMahindra’s GAiA, powered by Acumos is another testimony of how we are accelerating innovation in the AI space,” said Dr. Satish Pai, senior VP and SBU head, Americas Communications, Media and Entertainment, Tech Mahindra.
ZTE
“ZTE is excited to have witnessed the growth of Acumos in the past year. The Boreas release marks a significant step forward to break the barrier between model developers and model users with its flexible platform for model onboarding, designing, sharing and deploying, which will help create an ecosystem of AI in various vertical industries, especially in 5G. ZTE will continue to support the project and integrate it with our own AI solutions to accelerate 5G innovation with AI,” said Bingtao Han, Chief System Architecture Expert, ZTE.
SOURCE LF AI Foundation
THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 6:00 PM CET ON 17 NOVEMBER 2024.
STOCKHOLM, Nov. 17, 2024 /PRNewswire/ — EQT has today set the hard cap for investor commitments of USD 14.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX (“BPEA IX”). A hard cap refers to an upper limit on the amount of investor commitments accepted as part of the fund. The actual fund size is dependent on the outcome of the fundraising process. As previously communicated, the target fund size for BPEA IX is USD 12.5 billion.
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A strategic partnership between two of the largest Qatari companies to add value to the local and regional market, enhancing food security and innovation in several key sectors.
DOHA, Qatar, Nov. 16, 2024 /PRNewswire/ — Senyar Trading & Distribution Company and Al Baladi Holding have announced the launch of their strategic partnership under the name of ‘Al Faisal Al Baladi Holding’. The launch ceremony was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of Al Faisal Holding, and Mr. Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding. This partnership aims to provide added value to the Qatari and regional markets, and to enhance the role of Qatari companies in supporting and developing the local economy in line with Qatar National Vision 2030.
Within this partnership, a strong economic icon was established under the name ‘Al Faisal Al Baladi Holding Group’, capable of implementing huge projects across the MENA region in a number of different vital sectors, especially livestock and agricultural production projects, which contributes to supporting food security and enhancing livestock in a sustainable manner. In addition, the retail sector constitutes a significant part of the Company’s activities.
Al Faisal Al Baladi Holding Group Holding includes Al Faisal Al Baladi Holding LLC, based in Qatar, Al Faisal Al Baladi Group for Malls Management and Operations, based in Egypt, and Al Faisal Al Baladi Holding, based in the Sultanate of Oman. As well as livestock and agricultural production, these companies will operate in several diverse sectors including distribution and wholesale, manufacturing, hospitality and hotels, restaurants, food and beverages, with the retail sector also constituting a significant area of focus. Through these activities, they will seek to meet the growing demand for innovative products and solutions, while supporting sustainable economic development in Qatar and the region.
Commenting on this announcement, Sheikh Faisal Bin Qassim Al Thani, Chairman of Al Faisal Holding, stated: “I am pleased to witness the formation of this strategic partnership that represents the development of the private sector in Qatar and enhances its ability to compete through cooperations built on solid foundations. This partnership is a realization of Qatar Vision 2030 of empowering the private sector and enhancing its contribution to the local economy. I wish both parties success in this promising partnership.”
Mr Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding and Chairman of Al Faisal Al Baladi, said: “We are delighted with this cooperation which opens new horizons for growth and expansion. Al Baladi Holding has achieved remarkable successes in recent years, and this partnership comes to underpin our position in the market and expand the scope of our activities. We hope that Al Faisal Al Baladi Holding will contribute to the development of successful and innovative projects that will be a source of pride for everyone.”
Sheikh Mohammed bin Faisal Al Thani, Vice Chairman of Al Faisal Al Baladi Holding, added: “We share common goals, integrated resources, and expertise with Al Baladi Holding. Through this partnership, we will achieve integration and synergy in diverse businesses to maximize value for all parties, including consumers and investors, which will benefit all stakeholders and contribute to achieving a positive impact across every level.”
Mr. Abdullah Mohammed Al Attiyah, Vice Chairman of Al Baladi Holding, said: “Undoubtedly, the stability of the Qatari economy, the diversity of investment opportunities, and the positive business environment, have all contributed to Al Baladi Holding’s market leading position. We look forward to this partnership with confidence in its promise to help build a bright future”
Mr. Tarek Mahmoud Al Sayed, Board Member of Al Faisal Al Baladi Holding, added: “Food security projects hold special importance, especially in their comprehensive and sustainable concept, which constitute an essential part of our future strategy. We seek to play a pivotal role in the region through livestock and agricultural production projects, as we currently own a number of livestock and agricultural production companies in Qatar and Oman, and we plan to expand and launch new projects in a number of countries in the region and North Africa. This will support Al Faisal Al Baladi in becoming a leading company in achieving food security at the regional level.”
Mr Hany Al Sayyadi, CEO and Board Member of Al Faisal Al Baladi Holding, concluded by saying: “This partnership strengthens our diversified investment portfolio and facilitates the expansions of our presence in regional and global markets. Our vision is to achieve a strong presence in the Middle East region, by focusing on innovation and quality in all our sectors. This partnership is a natural extension of the vision of both companies to enhance economic integration and contribute to driving development in Qatar and the region.”
Al Faisal Al Baladi plans to expand its business activities in regional and global markets, by utilizing the diverse investment opportunities represented by the manufacturing, hospitality and retail sectors. The Group’s current portfolio includes more than 30 leading companies in their fields, including Al Baladi and Al Baladi Express Markets, Al Wajba Dairy and Juice Factory, City Limousine Company, in addition to a number of restaurants and companies in the food sector, and many others.
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Fintech PR
Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million
- Revenue grew by 23.8% compared to previous year
- Gross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23
- Adjusted EBITDA rose 29.5% to SAR 210.2 million
JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.
Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.
The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.
Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.
SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.
Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:
“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.
Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.
We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.
Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”
View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html
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Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million