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How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence

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USA News Group News Commentary

Issued on behalf of Scope AI Corp.

VANCOUVER, BC, May 2, 2024 /PRNewswire/ — USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies’ AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftly, safely, and economically on board with AI are a wide variety of tech companies moving things forward with recent developments this past week, including: Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), NVIDIA Corporation (NASDAQ: NVDA), Snowflake Inc. (NYSE: SNOW), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), and Baidu, Inc. (NASDAQ: BIDU).

The article continued: Experts are championing the power of progress in AI integration, as it is already being recognized one of the most significant disruptive technology movements in a generation. This wave of integration requires the right help, the right minds, and discernment. 

SCOPE AI PROVIDES CORPORATE UPDATE

Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope” or the “Company”) today provided an update on new developments of Scope’s artificial intelligence driven recognition technology called GEM (General Enterprise Machine Learning) system. With the latest advancements to Scope’s proprietary technology, Scope’s focus has broadened in addition to past announced realized technology applications to developing a one-stop web solution for developers and individuals, as well as businesses, large and small, to create, build, and use their own image detection, behavior analysis and neural network systems for their customer business case.

Highlights of Scope’s New Developments

●          Broad based one tool solution for businesses to develop their own artificial intelligence object  detection and visual information system.

●          Application will focus on allowing companies to test how visual variations in creatives and user flows affect performance

●          GEM will allow companies in any industry to harness the power of neural networks for their own unique use cases

●          Beta version of new GEM system expected to launch in late May 2024.

Over the last few months, Scope’s management and technology team have devoted a significant amount of time diversifying the GEM system. The new one-tool-solution for businesses to develop their own object detection and visual information system will be offered through a proprietary platform launch by Scope in the second quarter of 2024. In particular, users will be offered the ability to easily render their own neural networks, annotate datasets and verify the inference improvements through various state of the art analytics tools.

The new GEM Platform comes as a SaaS web-application with advanced user management for administrators or supervisors (CRM), enhanced login and account security, as well as full data encryption built natively into the platform. Scope’s initial target market is the advertising, gaming and health care industries. Businesses of any size can easily onboard and start using the intuitive web-interface to build custom solutions for their respective businesses. An advanced Application Programming Interface (API) will also be made available later this year.

The beta version will allow Scope to determine optimal economics for the product offering as well as an initial industry focus. Currently, Scope is contemplating a recurring revenue subscription fee structure and a pay-as-you-play model on the platform in order to best meet the needs of the client in a flexible way. A final decision on a revenue model will be determined after beta testing.

CONTINUED… Read this and more news for Scope AI at:  https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/

In other industry developments and happenings in the market this week include:

NVIDIA Corporation (NASDAQ: NVDA), a pioneer in accelerated computing and the global leader in manufacturing GPUs used in AI infrastructure, recently announced the acquisition of GPU orchestration software provider Run:ai, an Israeli startup that promotes efficient cluster resource utilization for AI workloads across shared accelerated computing infrastructure.

AI deployments for customers are becoming more complex, spreading across cloud, edge, and on-premises data centers. To manage tasks like generative AI, recommender systems, and search engines effectively, sophisticated scheduling is needed. This helps improve performance across the overall system and the underlying infrastructure.

NVIDIA targeted Run:ai for its ability to enable enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud, or in hybrid environments. Run:ai comes with a client list that includes some of the world’s largest enterprises across multiple industries, which use the Run:ai platform to manage data-center-scale GPU clusters.

Run:ai has been a close collaborator with NVIDIA since 2020 and we share a passion for helping our customers make the most of their infrastructure,” said Omri Geller, cofounder and CEO of Run:ai. “We’re thrilled to join NVIDIA and look forward to continuing our journey together.”

Snowflake Inc. (NYSE: SNOW), a leading data cloud company, recently announced Snowflake Arctic, a state-of-the-art large language model (LLM) uniquely designed to be the most open, enterprise-grade LLM on the market. Snowflake Arctic comes with a unique Mixture-of-Experts (MoE) architecture, to deliver top-tier intelligence with unparalleled efficiency at scale, and is optimized for complex enterprise workloads, topping several industry benchmarks across SQL code generation, instruction following, and more. Inside of Snowflake will include NVIDIA NIM with NVIDIA TensorRT-LLM, vLLM, and Hugging Face, and will also be available on Amazon Web Services (AWS).

“This is a watershed moment for Snowflake, with our AI research team innovating at the forefront of AI,” said Sridhar Ramaswamy, CEO of Snowflake. “By delivering industry-leading intelligence and efficiency in a truly open way to the AI community, we are furthering the frontiers of what open source AI can do. Our research with Arctic will significantly enhance our capability to deliver reliable, efficient AI to our customers.”

CrowdStrike Holdings, Inc. (NASDAQ: CRWD), a global cybersecurity leader, recently announced it was named an Overall Leader in the KuppingerCole Leadership Compass, Identity Threat Detection and Response (ITDR) 2024: IAM Meets the SOC. CrowdStrike earned the honors by achieving a Leader position in every category: Product, Innovation, and Market, positioned furthest to the right and highest in Innovation among all vendors evaluated, achieving the overall highest position in the report.

“Adversaries increasingly exploit identities and credentials to ‘log in’ to an environment, move laterally and execute their attacks. ITDR is a critical component of cybersecurity and mitigating risk,” said Raj Rajamani, head of products, CrowdStrike. “By unifying identity and endpoint protection in a single platform, single agent architecture, customers can consolidate point products, drive down costs, and eliminate complexity. Our overall leadership in the report emphasizes our pioneering, platform approach to stop breaches.”

Baidu, Inc. (NASDAQ: BIDU), a leading AI company with a strong internet foundation, recently reached an agreement with Tesla to grant the EV manufacturing giant access to its mapping license for data collection on China’s public roads, according to a report from Reuters. As per the deal, sources say that Baidu will also provide its lane-level navigation to Tesla. In China, any intelligent driving system must secure a mapping qualification to operate on public roads. Foreign companies must collaborate with local partners that hold this license. Baidu is one of about a dozen companies that have obtained this necessary license.

The news of Baidu’s deal with Tesla came just after the announcement of Baidu’s second ERNIE Cup Innovation Challenge, which is open to entrepreneurial teams focused on AI-native applications from around the world.

“In the first ERNIE Cup Innovation Challenge, we received nearly 1000 team registrations,” said Robin Li, Co-founder, Chairman, and CEO of Baidu. “Baidu provided nearly RMB 100 million (US$13.8 million) in investment support to 15 winning teams and continued to provide comprehensive support in technology, team, and resources.”

Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/

 CONTACT:

USA NEWS GROUP
[email protected]
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope AI Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope AI Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope AI Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope AI Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

 

View original content:https://www.prnewswire.co.uk/news-releases/how-businesses-are-adapting-to-the-rapid-expansion-of-artificial-intelligence-302134660.html

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Tan Xuguang: Driving Strategic Collaboration with Leading Global Industry Enterprises

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MUNICH, May 24, 2024 /PRNewswire/ — From May 22nd to 23rd, 2024, Tan Xuguang, along with a delegation, convened in Munich, Germany, to conduct a visit and engagement with prominent entities including Germany’s TÜV Süd Group, FEV GmbH, and MAN Truck & Bus Group, a subsidiary of the Volkswagen Group. The primary objective of this initiative was to tackle the challenges posed by the advent of the new technological landscape. Central to this endeavor was the establishment of a succession of strategic cooperation agreements aimed at harmonizing global cooperation frameworks.

On May 23rd, 2024, Tan Xuguang and his delegation paid a visit to the MAN Truck & Bus Group, operating under the Volkswagen Commercial Vehicles Traton Group. During this visit, they engaged in comprehensive discussions with Christian Levin, who serves as both the Chairman and CEO of the Volkswagen Commercial Vehicles Traton Group and as the President and CEO of the Scania Commercial Vehicles Group. The focal point of these discussions revolved around the anticipated competitive dynamics and technological trajectories within the global commercial vehicle industry.

Christian Levin articulated, “Throughout the past year, our management teams have participated in numerous efficient and pragmatic visits and exchanges, resulting in the elevation of our cooperative relationship to unprecedented heights. We hold deep admiration for the accomplishments of the Sinotruk Group within the global heavy-duty truck market in recent years. The alignment of our industrial chain layouts presents mutually beneficial synergies, paving the way for extensive strategic cooperation opportunities. We eagerly anticipate the deepening of exchanges and collaboration within the realm of new technologies, with the overarching goal of achieving development that is mutually advantageous.”

Tan Xuguang asserted, “The Volkswagen Commercial Vehicles Traton Group has consistently served as a benchmark from which we derive invaluable insights. The longstanding successful collaboration between the Sinotruk Group and the MAN Truck & Bus Group in Germany spanning 15 years underscores our status as close strategic partners. Irrespective of past, present, or future, our alliance remains steadfast. We are resolutely committed to broadening cooperation across the comprehensive spectrum of ‘traditional energy + new energy’ and dual industrial chains, thereby facilitating win-win outcomes in the global arena of cooperation and competition.”

Tan Xuguang and his delegation conducted a tour of the intelligent heavy truck factory operated by the MAN Truck & Bus Group. Throughout the duration of the visit and ensuing discussions, Alexander Vlaskamp, Chairman and CEO of the MAN Truck & Bus Group, provided continuous accompaniment, offering insights and facilitating exchanges.

On May 22nd, 2024, Tan Xuguang presided over a strategic technology seminar held in Munich, facilitating collaboration between Weichai and the German engine technology consulting company, FEV. The seminar brought together experts from both FEV and Weichai headquarters, fostering extensive exchanges and discussions pertaining to product enhancements, competitive benchmarking, and future strategic planning.

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Photo – https://mma.prnewswire.com/media/2421304/image_5030058_9062893.jpg

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2024 Blockchain Critical Trend: Unveiling New Financial and Development Opportunities in Southeast Asia

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None Group, a leading blockchain group, today released its 2024 Blockchain Critical Trend report, providing a comprehensive overview of the blockchain ecosystem in Taiwan and Southeast Asia. The report highlights key trends, regulatory frameworks, and emerging opportunities for businesses, investors, policymakers, and technology enthusiasts.

Blockchain Critical Trend” released by None Group is now available for download.

Southeast Asia Emerges as a Global Financial Hub with Blockchain at the Forefront

Southeast Asia, with its unique financial landscape and over 400 million active internet users, has become a global financial hotspot, especially in the wake of the pandemic. Recognizing this opportunity, None Group has collaborated with strategy partners such as the Taiwan FinTech Association, Bitcoin Addict (Thailand), Coin98 (Vietnam), Coinvestasi (Indonesia), and Malaysia Blockchain Week to bring together 14 industry leaders to share their market insights and unveil exclusive investment opportunities.

To further promote cross-border collaboration between Southeast Asia and Taiwan, None Group will host blockchain trend release events in Vietnam and Taiwan. The Vietnam event will be held on June 5, while the Taiwan event is scheduled for July 10. These events will focus on industry trends and related blockchain topics.

Key Highlights of the 2024 Blockchain Critical Trend

The 2024 Blockchain Critical Trend report unveils the Southeast Asia blockchain landscape, covering various segments and project details. The report highlights three key takeaways:

  • Focus and Attitudes of Southeast Asian Governments
  • Expert Insights into the Industry Ecosystem
  • Cross-Border Collaboration Opportunities and Potential Explosion Points

Read the full 2024 Blockchain Critical Trend (TaiwanThailandVietnamIndonesiaMalaysiaSingaporePhilippines)

The post 2024 Blockchain Critical Trend: Unveiling New Financial and Development Opportunities in Southeast Asia appeared first on HIPTHER Alerts.

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ONCOCLÍNICAS APPROVES R$ 1.5 BILLION CAPITAL INCREASE

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Operation aims to strengthen the Company’s financial position and maintain growth strategy

SAO PAULO, May 23, 2024 /PRNewswire/ — Oncoclínicas&Co (B3: ONCO3), a leading oncology company headquartered in Latin America, has announced that the enterprise has approved a capital increase of R$ 1.5 billion at a Board of Directors meeting held on May 22, 2024.

This capital increase complies with the ceiling established within the company’s Articles of Association and does not require any statutory change. The capital increase will be carried out through the issuance of 115.4 million new registered ordinary shares with no par value.

With this issuance, Oncoclínicas&Co strengthens its capital structure, significantly reduces leverage, and increases liquidity to continue to provide better access to advanced oncology treatments to cancer patients, achieve economies of scale, and optimize the costs associated,

Investors of the Quíron Multi-Strategy Equity Investment Fund (“Quíron”) and the Tessália Multi-Strategy Equity Investment Fund (“Tessália”), investment vehicles anchored by Banco Master, entered into an investment agreement with the company and committed to subscribe up to R$ 1 billion of new shares, to be issued by Oncoclínicas&Co.

In addition, founding shareholder and CEO Bruno Lemos Ferrari announced his intention to subscribe up to R$ 500 million worth of new shares.

“The capital increase significantly strengthens our capital structure and makes us even better equipped to take advantage of future growth opportunities, while continuing to provide exceptional quality care with an acute focus on our patients and their families,” emphasized Ferrari.

The terms of the capital increase provide for the issuance of new shares at a price of R$ 13.00 per share, representing a premium of 89% over the market value, based on a recent valuation by XP Finanças Assessoria Financeira Ltda. The funds raised will be used to reduce the company’s consolidated debt, improve its cash position, maintain its growth strategy, continue its organic expansion plans, and for general corporate use.

Josephina Multi-Strategy Equity Investment Fund and Josephina II Multi-Strategy Equity Investment Fund (together the “FIPs”), investment vehicles of Goldman Sachs, have agreed to transfer their respective preferential rights to the investors of Quíron and Tessália as part of the capital increase.

Daniel Vorcaro, President of Banco Master, emphasized that “…Healthcare is one of the markets with the greatest growth potential in Brazil in the coming years, whether in the pharmaceutical industry, primary care or high value-added services, arenas where Oncoclínicas&Co occupies a prominent position in Latin America. Being part of a company that is revolutionizing access to oncology treatments in the country, alongside Goldman Sachs, is a great opportunity and indeed a privilege for our company to undertake.”

According to João Padin, Vice President of Corporate Equity Investments at Goldman Sachs Asset Management, the transaction demonstrates the attractiveness and strength of Oncoclínicas&Co’s business model.

“The funds raised are important for continuing the growth strategy and strengthening the Group’s capital structure. In this way, Oncoclínicas&Co underlines the solidity of its business and its commitment to the quality of the services offered to patients,” he added.

The notice to shareholders is available on the Investor Relations website of Oncoclínicas&Co, the CVM website and the B3 S.A. website.

Oncoclínicas&Co reaffirms its commitment to transparency and corporate governance and will keep its shareholders and the market informed of the next steps in this capital increase process.

Note To Editors:

Last year alone, the company carried out more than 600,000 procedures and has expanded its service capacity in recent years to meet the growing demand for cancer treatment. Forecasts from cancer institutes around the world and in Brazil point to a significant increase in the disease over the next two decades, mainly due to an aging population. In Brazil, the National Cancer Institute expects more than 700,000 new cases per year in the period 2023-2025.

For further information, visit http://www.grupooncoclinicas.com

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