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VIVOTEK Delivers Comprehensive Security Solutions for Denmark’s World’s Largest Indoor Go-Kart Track

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TAIPEI, Feb. 1, 2024 /PRNewswire/ —

Background

Racehall – The World’s Largest Indoor Go-Kart Track

Racehall, located in Aarhus and Copenhagen, Denmark, is renowned as the world’s longest indoor go-karting track facility, providing an unparalleled experience to all its visitors. Racehall is for everyone, big or small, amateurs or professionals; it is dedicated to ensuring that every aspect of visitors’ experience is exceptional. This commitment includes maintaining high standards of quality equipment, prioritizing safety, and offering top-notch service.

Challenges

Ensuring the safety and security of our patrons and the facility is a top priority for Racehall. Given the size and popularity of Racehall’s go-karting tracks, addressing security challenges effectively was imperative. These challenges included:

  • Protecting Racehall’s assets, such as high-end go-karts, valuable equipment, indoor facilities, the outdoor parking lot, and the outdoor fuel tank area.
  • Dealing with limited coverage leading to potential blind spots and security vulnerabilities.
  • Addressing the lack of precise data for informed business decisions.
  • Balancing security measures without disrupting the enjoyment of visitors.
  • Maintaining a high level of security without compromising the enjoyable experience, while preventing incidents and enhancing the overall safety of visitors.

Solution

To overcome the security challenges Racehall faced, Racehall turned to VIVOTEK, the global leading IP security solution provider, to implement a comprehensive security system. The project was expertly executed by our trusted partner, ITV Security, under the guidance of CEO Martin Kristensen.

Advantage 1: Effective Asset Protection
VIVOTEK’s security solutions played a crucial role in safeguarding Racehall’s valuable assets, including go-karts and equipment. High-resolution video feeds and instant alerts were instrumental in identifying and responding to any suspicious activities, extending to the protection of the outdoor fuel tank area. The explosion-proof camera system provides an added layer of security, allowing continuous monitoring of the fuel tank without compromising safety standards.

Advantage 2: Comprehensive 180/360-degree Surveillance
VIVOTEK strategically deployed state-of-the-art surveillance cameras across the facility, ensuring complete coverage. The 180-degree surveillance effectively covered expansive areas like the parking lot without blind spots, minimizing installation costs.

Advantage 3: Optimizing Business Performance with Business Intelligence
VIVOTEK’s people counting camera provided Racehall with invaluable data to make informed decisions for optimizing business performance. Strategic planning of staffing levels and tailored promotional activities became more precise, enhancing overall operational efficiency.

Advantage 4: Seamless Integration for Uninterrupted Enjoyment
VIVOTEK’s solution seamlessly blended into the Racehall experience, ensuring that security measures did not compromise the enjoyment of visitors. The installation of high-quality, high-resolution 4K cameras on the track allowed for track racing playback, enhancing the overall experience for visitors without disrupting the entertainment factor.

Advantage 5: Efficient Surveillance Management with VAST Security Station (VSS)
VIVOTEK’s VSS Pro Video Management System (VMS) and Central Management System (CMS) played a pivotal role in optimizing Racehall’s security infrastructure. The VSS Pro VMS/CMS streamlined surveillance management, allowing centralized control and monitoring of multiple cameras across the facility. This centralized approach not only enhanced real-time monitoring capabilities but also facilitated quick responses to security incidents, ensuring a proactive and efficient security system.

Results and Customer Feedback

“We were absolutely delighted to roll up our sleeves and work closely with Racehall to bring the VIVOTEK surveillance solution into play. It’s been a fantastic experience to see how our dedication to crafting tailor-made security solutions has met with Racehall’s wishes and needs. We’ve worked hand in hand to create a safer and more entertaining experience for Racehall’s visitors.” – Martin Kristensen, CEO of ITV Security

In conclusion, VIVOTEK’s partnership with Racehall and ITV Security enabled the comprehensive addressing and overcoming of security challenges in this case. The implementation of VIVOTEK’s surveillance solutions has not only elevated the safety and security of the facility but has also played a crucial role in sustaining the joy and excitement that define the Racehall experience. This collaboration helps Racehall take pride in continuing to deliver a world-class go-karting experience for all our visitors, prioritizing their safety and peace of mind.

Photo – https://mma.prnewswire.com/media/2331119/VIVOTEK_Racehall.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/vivotek-delivers-comprehensive-security-solutions-for-denmarks-worlds-largest-indoor-go-kart-track-302050387.html

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Validation Cloud Secures $5.8 Million in Inaugural Funding to Propel Web3 Infrastructure

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ZUG, Switzerland, Feb. 28, 2024 /PRNewswire/ — In a significant stride towards revolutionizing Web3 infrastructure, Validation Cloud has proudly announced the successful closure of its first external investment round, amassing $5.8 million. Spearheaded by San Francisco-based Cadenza Ventures, this funding round exceeded expectations with contributions from an impressive roster of international investors, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.

Alex Nwaka, Co-Founder of Validation Cloud, expressed enthusiasm about the funding, “This investment marks a pivotal moment for Validation Cloud as we aim to address the urgent demand for scalable and compliant Web3 infrastructure. We’re honored to collaborate with our investors who are instrumental in propelling the global adoption of our platform among cutting-edge networks, developers, and asset managers.”

Validation Cloud is at the forefront of Web3 technology, having developed an innovative system architecture that paves the way for significant advancements in the sector. Known as the “Cloudflare of Web3,” the company offers a robust, scalable, and intelligent platform providing Staking, Node API, and Data services, drawing inspiration from Cloudflare’s transformative impact on Web2 infrastructure.

Founded by veterans in the Proof-of-Stake domain, Validation Cloud boasts a team of highly experienced professionals from renowned organizations such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more, emphasizing a talent-first approach with a worldwide workforce.

Kumar Dandapani, Managing Partner at Cadenza Ventures, highlighted the strategic vision behind their investment, “At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”

Aly Madhavji, Managing Partner at Blockchain Founders Fund, shared his thoughts on the investment, “We believe in the transformative power of Web3 and its ability to redefine how businesses operate. Investing in Validation Cloud aligns perfectly with our vision of supporting innovative platforms that are ready to lead the next wave of digital transformation.”

Validation Cloud has earned a reputation for its close partnerships with networks from their nascent stages, supporting a wide array of ecosystems from established ones like Chainlink, Hedera, and Stellar to emerging networks such as Aptos, Eigenlayer, and Berachain. Their platform lays the groundwork for the enterprise adoption of networks, positioning Validation Cloud as a key player in the Web3 infrastructure landscape.

For further details on Validation Cloud and its offerings, please visit www.validationcloud.io.

Please contact: Kelly Clark, Director of Communications | [email protected] 

Funding Announcement for Validation Cloud by Alex Nwaka

Photo – https://mma.prnewswire.com/media/2349304/Validation_Cloud_Validation_Cloud_Secures__5_8_Million_in_Inaugu.jpg

Photo – https://mma.prnewswire.com/media/2349305/Validation_Cloud_Validation_Cloud_Secures__5_8_Million_in_Inaugu.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/validation-cloud-secures-5-8-million-in-inaugural-funding-to-propel-web3-infrastructure-302074784.html

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Klarna says its AI assistant does the work of 700 people after it laid off 700 people

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The Swedish fintech, which was criticized for its handling of a dramatic staff reduction in 2022, is touting new efficiencies powered by OpenAI.

Klarna is bullish on bots.

One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now, pay-later company has released new data touting its ability to handle customer communications, make shoppers happier, and even drive better financial results.

The app-based AI chatbot already handles two-thirds of all customer service chats, the company said Tuesday—some 2.3 million conversations so far—with the virtual assistant earning customer satisfaction ratings at the same level as human agents. Klarna, which is expected to go public this year and will need all the hype it can get at a time when investors have been generally frosty toward IPOs, estimates that the chatbot could help improve its profits by $40 million in 2024.

Announcing a partnership with OpenAI early last year, Klarna said it was one of the first companies to integrate the firm’s groundbreaking ChatGPT technology into a plug-in for shopping. The natural-language interface initially helped customers choose items and make other shopping-related decisions based on personalized queries, a feature Klarna described as “smooth shopping.”

The company has continued to build out its AI offerings since then. Its app-based assistants are now available to customers worldwide and handle a variety of tasks including refunds, cancellations, and even disputes.

Klarna boasted in its announcement on Tuesday that the AI assistant “is doing the equivalent work of 700 full-time agents.”

That statement may raise eyebrows for anyone who remembers the middle of 2022, when the company laid off roughly the same number of employees, then about 10% of its staff. At the time, CEO Sebastian Siemiatkowski cited economic uncertainty, inflation, and the likelihood of a recession as reasons for the cuts. He was criticized for his handling of the staff reduction after he shared a public spreadsheet on LinkedIn that contained the names of many of the laid-off workers.

Fast Company asked Klarna how the company arrived at its calculation for its AI assistant’s human-equivalent productivity. The company said the number of equivalent jobs the AI could perform wasn’t related to the layoffs. In a statement, a spokesperson said the company’s customer service is supported by four to five large third-parties that collectively have over 650,000 employees, and that it offers customers the option to speak with human agents if that’s what they prefer.

“This is in no way connected to the workforce reductions in May 2022, and making that conclusion would be incorrect,” the statement read. “We chose to share the figure of 700 to indicate the more long-term consequences of AI technology, where we believe it is important to be transparent in order to create an understanding in society. We think [it’s] important to proactively address these issues and encourage a thoughtful discussion around how society can meet and navigate this transformation.”

Companies have used chatbots for years to handle low-level customer queries and other interactions, although these tools are expected to become more versatile in the wake of advancements in artificial intellegence.

Source: Fast Company

The post Klarna says its AI assistant does the work of 700 people after it laid off 700 people appeared first on HIPTHER Alerts.

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KAPSARC Launches Saudi Arabia’s First School of Public Policy

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  • Inspired by His Royal Highness, the Minister of Energy, Prince Abdulaziz bin Salman Al Saud’s passion for education, human capital development and innovation, the KAPSARC School of Public Policy (KSPP) was founded as the first institution in Saudi Arabia dedicated to graduate studies and executive education in public policy.
  • Through its academic offerings, KSPP empowers individuals to tackle pressing public policy challenges and embrace the promising opportunities shaping the future.
  • KSPP’s facilities will run on 100% renewable energy, setting a precedent as one of the first net-zero facilities in the Saudi educational sector.

RIYADH, Saudi Arabia, Feb. 28, 2024 /PRNewswire/ — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has been granted an establishment license for its School of Public Policy (KSPP) after the recent approval by the Council of Ministers, and which was announced during the Human Capability Initiative (HCI) on February 28, 2024, conducted under the patronage of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and the Chairman of the Human Capability Development Program Committee, one of Saudi Arabia’s Vision 2030 Realization Programs.

Aiming to set new standards in policy studies, the school offers a two-year master’s degree and executive education programs designed to enable and empower future policy leaders and professionals within Saudi Arabia and globally to address the most pressing domestic and international public policy challenges in the public, non-profit and private sectors.

This significant achievement was announced by His Royal Highness, Prince Abdulaziz bin Salman Al Saud, the Minister of Energy, Chairman of the Board of Trustees of KAPSARC: “The vision for KAPSARC School of Public Policy is to develop the knowledge and skills that the new generation needs to shape public policy both locally and globally. Our mission is to empower and equip future policy leaders and professionals within Saudi Arabia and internationally to make informed socio-economic decisions.”

In a statement on the sidelines of the school’s launch, Fahad Alajlan, President of KAPSARC, stressed the Center’s mission to impact public policy on national, regional, and global levels. “Our new School of Public Policy will equip future leaders with the right skills to create data-driven and evidence-based public policy in line with Vision 2030 goals.”

Dr. Ghadah Alarifi, Founding Dean of KSPP, stated that, “Public policy serves as the foundation of societal progress. At KSPP, we aim to be a catalyst for collaboration, building a robust ecosystem that bridges academia, industry, and government in the public policy arena.”

By leveraging KAPSARC’s network, KSPP provides a platform for global engagement and career growth opportunities, offering practical application and flexible courses tailored to empower policymakers in different tracks including energy policy.

The school is committed to achieving high sustainability standards in the Saudi educational sector, including the goal of running on 100% renewable energy. This dedication ensures that KSPP meets its annual energy needs through on-site renewable resources, eliminating the use of fossil fuels.

For more information about KSPP, visit https://www.kapsarc.org/about-the-school/.

Follow KSPP on social media:

  • X: @KAPSARC_SPP
  • LinkedIn: @ KAPSARC School of Public Policy

About KAPSARC:

KAPSARC is a leading think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. For more information about the center please visit: https://www.kapsarc.org/

Photo – https://mma.prnewswire.com/media/2350458/KAPSARC_School_of_Public_Policy.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kapsarc-launches-saudi-arabias-first-school-of-public-policy-302074721.html

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