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Microsoft delivers new advancements in Azure from cloud to edge ahead of Microsoft Build conference

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On Thursday, Microsoft Corp. announced a series of new Azure services and developer technologies that put advanced capabilities spanning AI, mixed reality, IoT and blockchain in the hands of developers. The company will share these and additional advancements in hybrid cloud and edge computing at its Microsoft Build conference to empower developers.

“It’s an incredible time to be a developer. From building AI and mixed reality into apps to leveraging blockchain for solving commercial business problems, developers’ skillsets and impact are growing rapidly,” said Scott Guthrie, executive vice president, Microsoft Cloud and AI Group. “Today we’re delivering innovative Azure services for developers to build the next generation of apps. With 95% of Fortune 500 customers running on Azure, these innovations can have far-reaching impact.”

Furthering Microsoft’s commitment to building the most productive AI platform

Microsoft announced a new set of Azure AI technology aimed to help developers and data scientists apply AI to any solution.

  • Azure Cognitive Services power applications to see, hear, respond, translate, reason and more. Microsoft is launching a new Cognitive Services category, called “Decision,” that delivers users a specific recommendation for more informed and efficient decision-making. This category includes Content Moderator, the recently announced Anomaly Detector, and a new service called Personalizer, which uses reinforcement learning to provide users with a specific recommendation to enable quick and informed decision-making.
  • Microsoft is bringing AI to Azure Search with the general availability of the cognitive search capability, enabling customers to apply Cognitive Services algorithms to extract new insights from their structured and unstructured content. In addition, we are previewing a new capability that enables developers to store AI insights gained from cognitive search, making it easier to create knowledge-rich experiences leveraging Power BI visualizations or machine learning models.

New innovations in Azure Machine Learning simplify the process of building, training and deploying machine learning models:

  • MLOps capabilities with Azure DevOps integration provides developers with reproducibility, auditability and automation of the end-to-end machine learning lifecycle.
  • Automated ML advancements and an intuitive UI make developing high-quality models easier.
  • Visual machine learning interface provides no-code model creation and deployment experience with drag-and-drop capabilities.
  • To enable extremely low latency and cost-effective inferencing, Microsoft is announcing the general availability of hardwareaccelerated models that run on FPGAs, as well as ONNX Runtime support for NVIDIA TensorRT and Intel nGraph for high-speed inferencing on NVIDIA and Intel chipsets.

Expanding opportunity at the Intelligent Edge

The company introduced several new products and solutions today that continue to address the existing and emerging needs of hybrid cloud and edge computing:

  • Microsoft introduced Azure SQL Database Edge to support the spectrum of edge compute needs. A SQL engine optimized for lower compute requirements with built-in AI, the product combines data streaming with in-database machine learning and graph capabilities to enable intelligence on the edge. Because Azure SQL Database Edge shares the same programming surface area with Azure SQL Database and SQL Server, developers can easily take applications to the edge without having to learn new tools and languages, providing a consistent programming experience.
  • Microsoft also announced IoT Plug and Play, a new open modeling language to seamlessly connect IoT devices to the cloud, enabling developers to navigate one of the biggest challenges they face — deploying IoT solutions at scale. Previously, software had to be written specifically for the connected device it supported, limiting the scale of IoT deployments. IoT Plug and Play will offer customers a large ecosystem of partner-certified devices that can connect quickly.
  • For mixed-reality development, Microsoft is making it easier to create for HoloLens 2 with the HoloLens 2 Development Edition, which provides the community of mixed-reality developers with access to solutions to help them build and run mixed-reality experiences across a range of devices.
  • Unreal Engine 4 support for streaming and native platform integration for HoloLens 2 will be available for developers by the end of May to create high-quality, photo-realistic renders and immersive, mixed-reality experiences for solutions spanning architecture, product design, manufacturing and more.

Doubling down on investments to empower blockchain developers

Last year, Microsoft announced Azure Blockchain Workbench, which gave developers a simple UI to model blockchain applications on a preconfigured Azure-supported network. Today’s announcements take it even further.

  • Azure Blockchain Service simplifies the formation, management and governance of consortium blockchain networks, allowing businesses to focus on workflow logic and app development. Azure Blockchain Service deploys a fully managed consortium network and offers built-in governance for common management tasks, such as adding new members, setting permissions and authenticating user applications.
  • Microsoft also announced this week that J.P. Morgan’s Ethereum platform, Quorum, is the first ledger available in Azure Blockchain Service, giving Microsoft and J.P. Morgan customers the ability to deploy and manage scalable blockchain networks in the cloud.

More than 6,000 developers and content creators will join Microsoft in Seattle next week for the conference to learn about the latest advancements in cloud and developer technologies, as well as get hands-on experience with them. Today’s announcements give developers of all kinds new cutting-edge tools to create the next generation of applications for intelligent cloud and intelligent edge. There will be even more showcased next week at Build.

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

SOURCE Microsoft Corp.

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/C O R R E C T I O N — Roborock/

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Roborock Reports 2023 Full Year Financial Results

Achieving Record-breaking Financial Success and Reaching Historic High in Total Assets

HONG KONG, March 28, 2024 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced its financial results for the full year ending December 31, 2023.

Roborock achieved remarkable financial success during the reporting period, posting revenue of 8.65 billion Yuan (US$1.22 billion), representing a significant 30.55% Year-On-Year increase. The company recorded a net profit of 2.05 billion Yuan (US$288 million), achieving an annual growth rate of 73.32%.

Roborock’s total assets reached an all-time high of 14.38 billion Yuan (US$2.02 billion), reflecting Year-On-Year growth of 32.71%. These achievements solidify Roborock’s position as one of the leading players in the smart vacuum industry. The company also recorded impressive overseas revenue, growing at a rate of 21.42%, while total robot vacuums shipments surpassed 2 million units.

“Ever since we founded Roborock back in 2014, our long-term mindset and unwavering commitment to focusing on delivering true value to our customers is what has gotten us to where we are today. It’s been an amazing journey, and we are truly proud to emerge as a global leader in smart vacuums.” said Richard Chang, Founder & CEO of Roborock.

“As we approach our 10-year anniversary, we are excited to introduce more of our cutting-edge vacuums, including the S8 MaxV Ultra which we unveiled at CES 2024. This flagship innovation represents our most technologically advanced one-stop cleaning solution to date, underlining our focus on enriching future lifestyles within the smart home ecosystem to enhance the quality of life for our customers worldwide.

Financial Performance Highlights

Sales and Net Profit

  • Total revenue recorded was 8.65 billion Yuan (US$1.22 billion)
  • Of this, 4.23 billion Yuan (US$595 million) is attributed to Roborock’s overseas operations, accounting for 49% of total revenue
  • Roborock’s overseas operation recorded a revenue growth of 21.42% compared to the previous year
  • The company achieved a net profit of 2.05 billion Yuan (US$288 million), with an annual growth rate of 73.32%
  • Roborock’s total assets reached a historic high of 14.38 billion Yuan (US$2.02 billion), reflecting a remarkable 32.71% Year-On-Year growth

Growth across Product Categories

  • Roborock’s total robot vacuums shipments surpassed 2 million units, generating an income of 8.09 billion Yuan income (US$1.14 billion) and achieving a Year-On-Year growth of 27.14%
  • Roborock experienced rapid growth across new product categories (product portfolios except robot vacuums), with an income of 554 million Yuan (US$78 million) income and a Year-On-Year growth of 109.4%

Research & Development

  • R&D expenditure amounted to 619 million Yuan (US$87 million), accounting for 7.15% of total revenue. This represents a year-on-year growth of 26.69%
  • During the reporting period, 522 new domestic and overseas patents were filed

Major accounting data and financial indicators in the past 3 years

(Unit: Yuan; Currency: RMB)

2023

2022

Year-On-Year
Growth (%)

Total Assets

14,376,641,614

10,833,053,890

32.71

Net assets
attributable to
shareholders of
listed companies

11,380,526,122

9,556,378,416

19.09

Revenue

8,653,783,788

6,628,716,402

30.55

Net profit
attributable to
shareholders of
listed companies

2,051,217,414

1,183,476,942

73.32

Net profit
attributable to
shareholders of
listed companies
after deducting
non-recurring
gains and losses

1,826,089,668

1,197,719,439

52.46

Net cash flow
from
operating activities

2,185,931,368

1,120,467,567

95.09

About Roborock

Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://us.roborock.com/.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of 7.1132 Yuan to US$1.00, the spot exchange rate at the annual reporting date of December 31, 2023. The company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be at any particular rate or at all.

Photo – https://mma.prnewswire.com/media/2374470/Roborock_2023_Financial_Results.jpg

 

 

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Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den

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LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones

Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero  ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.

After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken). 

After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”.  Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”. 

Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”

The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”

The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.

You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.

remysleep.com / @WEAREREMY

Photo – https://mma.prnewswire.com/media/2374872/REMY_Sleep_1.jpg

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Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility

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SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).

“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”

The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:

  • Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
  • Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
  • Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
  • Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
  • VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.

“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”

The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.

Media Contact: Lily Ho, [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/bitrue-coin-btr-analyzes-user-behavior-and-announces-upcoming-developments-to-enhance-utility-302103427.html

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