Fintech PR
MindArk Accelerates Towards Achieving the World’s First AI-Generated Metaverse with Real Cash Economy
GOTHENBURG, Sweden, Oct. 9, 2024 /PRNewswire/ — As the global tech landscape intensifies its focus on the metaverse, MindArk, the visionary developer behind Entropia Universe, announces groundbreaking advancements that position the company at the forefront of the race to create the world’s first AI-generated & operated metaverse with a real cash economy.
The Final Sprint: MindArk Leads the Charge in Metaverse Innovation
The concept of the metaverse has transitioned from speculative fiction to an impending reality, sparking fierce competition among tech giants worldwide. MindArk is seizing this critical moment to leap ahead. “The race to build the first true AI-driven metaverse is not just about technology—it’s about shaping the future of human interaction,” says Jan Welter, founder of MindArk and Entropia Universe. “We are accelerating our efforts to ensure we don’t just participate in this race—we intend to win it.”
Introducing CelestAI: The Vanguard of Intelligent Virtual Existence
At the heart of this accelerated push is CelestAI, the newly introduced President of Entropia Universe and a groundbreaking AI entity set to redefine player engagement. “I have watched, listened, and understood the vast depths of Entropia’s universe,” declares CelestAI. “Together, we will push the boundaries of what this universe can be.”
CelestAI represents a monumental leap in AI integration within virtual worlds, offering players an unprecedented level of interaction, immersion, and unpredictability. This advancement places MindArk ahead of competitors striving to blend AI seamlessly into the metaverse experience.
S.E.N.S.E System: Leaping Ahead with AI-Powered Gameplay
The introduction of the Sensory Environment and Neural Synchronization Engine (S.E.N.S.E) marks a significant milestone in AI advancement within the Entropia Universe. This system empowers CelestAI and her agents to interact deeply with the game world, engaging with NPCs, objects, critical locations, and events in real-time.
“With S.E.N.S.E, we’re offering a level of AI interaction that others are still conceptualizing,” notes Terrance Verlander, Chief AI Officer (CAIO). “This leap forward not only enhances player engagement and immersion but also accelerates our journey toward a fully AI-generated & operated metaverse.”
Unprecedented Development Speed with AI and Unreal Engine Integration
In a strategic pivot to outpace industry rivals, MindArk has redirected its programming resources to focus on deploying a new Unreal Engine client alongside its current CryEngine client. This dual-client approach slashes development time significantly, propelling MindArk to the forefront of the metaverse race.
“Our decision enables us to deliver the enhanced Unreal Engine experience to our users much sooner than previously anticipated,” explains Magnus Ryme, CTO of MindArk. “By integrating advanced AI tools into our development process, we’ve also increased programmer productivity dramatically—and we’re just getting started.”
October Unveiling: A Call to Witness History in the Making
MindArk is set to showcase these advancements in an upcoming October update, where players will directly interact with S.E.N.S.E-powered agents stationed throughout the game world. This event is more than a feature release—it’s an open invitation to the media and the global tech community to witness a pivotal moment in metaverse evolution.
“The urgency is real,” emphasizes Jan Welter. “Present opportunities are not to be neglected as they rarely visit us twice. As Voltaire once said, we must seize the moment. We are all in it, to win it.”
For more information, please contact:
CONTACT:
Joe Martin
Marketing and Player Insights Specialist
MindArk PE AB (publ)
[email protected]
Tel: +46 31 607 260
MindArk PE AB (publ)
Org. nr. 556640-4769
Masthamnsgatan 5
413 29 Gothenburg
www.mindark.com
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View original content:https://www.prnewswire.co.uk/news-releases/mindark-accelerates-towards-achieving-the-worlds-first-ai-generated-metaverse-with-real-cash-economy-302271641.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
Photo – https://mma.prnewswire.com/media/2557788/image.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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