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Embracing the AI Era: IMF Highlights Massive Potential for Global Workforce AI Innovation

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USA News Group Commentary
Issued on behalf of Scope AI Corp.

VANCOUVER, BC, May 16, 2024 /PRNewswire/ — USA News Group – According to International Monetary Fund (IMF) Managing Director Kristalina Geogieva, the emergence of artificial intelligence (AI) is hitting the global labor force “like a tsunami”. Her comments came at an event in Zurich this week, organized by the Swiss Institute of International Studies, where she stated AI is likely to impact 60% of jobs in advanced economies, and 40% of jobs around the world. The remarks came shortly after the release of a new report from and LinkedIn, which not only stated that use of AI has nearly doubled in just 6 months, but also that 75% of global knowledge workers are now using AI tools in their day-to-day work. The advantages of AI for both workplaces and businesses are rapidly multiplying, thanks to recent strides made by developers, including from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Oracle Corporation (NYSE: ORCL), SAP SE (NYSE: SAP), Apple Inc. (NASDAQ: AAPL), and Alphabet Inc. (NASDAQ: GOOG, GOOGL).

Amidst the rapid advancements of deep machine learning technology across various sectors, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has undergone a transformation in its branding and market focus. The company now directs its proprietary technology, GEM (General Enterprise Machine Learning), towards industries such as advertising, gaming, and neural networks. With this innovative platform, businesses can develop their own object detection and visual information systems, harnessing the full capabilities of neural networks. These proposed strategic moves by Scope AI are reshaping how companies approach advertising customization, gaming enhancement, and the utilization of neural networks in a multitude of applications.

In a recent update, Scope AI unveiled upgrades to its GEM platform, aimed at providing enhanced services to advertising agencies and the gaming sector. These improvements empower GEM to fine-tune advertising content and enrich gameplay experiences through advanced neural network functionalities. Furthermore, the updates strengthen the platform’s object visual recognition, empowering businesses to glean deeper insights and deploy more precise solutions. With these augmented object detection and visual information systems, advertisers gain improved capabilities to analyze consumer behavior and refine campaigns, while game developers can craft more immersive and captivating user interactions.

“We’re very pleased at how seamless we were able to streamline, enhance, and strengthen our platform with the latest performance and security upgrades made to our infrastructure,” said Sean Prescott, Founder and Non-Executive Chairman of Scope. “The next generation of our platform will set us apart in what kind of data and its sensitivity we can process and store. It’s a potential game-changer for the industry.”

GEM boasts a user-friendly web interface, empowering developers, meticulous users, entrepreneurs, and large enterprises to effortlessly establish advanced object detection systems or craft ground-breaking, real-time neural network models.

Scope AI is confident that the recent upgrades to their GEM platform will deliver substantial benefits to the advertising and gaming sectors, ushering in novel capabilities and profound insights. With a focus on advertising, Scope emphasizes GEM’s visual recognition technology, facilitating the creation of highly targeted and captivating advertisements. This functionality optimizes ad spend efficiency and elevates customer engagement to unprecedented heights.

In the realm of gaming, Scope envisions its GEM platform as a transformative force, enriching player experiences by tailoring gameplay and recommendations through neural network analyses of player behavior. This cutting-edge technology empowers developers with invaluable insights to refine game design, enhance player retention rates, and unlock untapped revenue streams.

Not sitting back in the AI race, Oracle Corporation (NYSE: ORCL) recently announced it will expand its research and development (R&D) capabilities in the country of Morocco, by growing its local workforce to 1,000 information technology (IT) professionals. The tech giant quickly followed up the announcement, by being named as a Leader in the 2024 Gartner Magic QuadrantTM for Warehouse Management Systems, for the ninth year in a row. 

“Fast-changing market conditions and increasing customer demand puts added pressure on organizations’ warehouse, inventory, and fulfillment processes,” said Srini Rajagopal, vice president of logistics product strategy, Oracle. “We believe our position as a Leader in this report is an acknowledgement of our robust product capabilities, investment in innovation, and most importantly the success of our customers.”

Looking to drive further growth and competitive advantage in its sector, and to ensure the sustainability of its products for the future, Charoen Pokphand Foods (CP Foods) recently selected SAP SE (NYSE: SAP) to provide multiple solutions. Among these, CP Foods will be employing SAP’s RISE with SAP, SAP Sustainability Footprint Management, and SAP Sustainability Control Tower Solutions.

CP Foods serves more than 4 billion people globally, and is a leading integrated agro-indsutrial and food business that is one of the world’s largest producers of feed, shrimp, poultry, and pork, with operations in 17 countries and exports to more than 50 countries. The move with SAP reflects CP Foods’ goal of becoming the “Sustainable Kitchen of the World”, and to realize its Net Zero goals by 2050.

“Sustainability is a huge opportunity for businesses across Asia,” said Paul Marriott, President of SAP Asia Pacific & Japan. “Using RISE with SAP and our sustainability solutions, CP Foods is getting ahead of forthcoming emissions regulation and future-proofing its business by using data to make more sustainable decisions. It can use those insights to drive more operational efficiencies, optimize supply chains, and differentiate its business against competitors.”

Having been accused of lagging in the AI race, Apple Inc. (NASDAQ: AAPL) has been making several strides as of late, including taking music-making to the next level with its all-new Logic Pro for iPad and Logic Pro for Mac 11 offering, delivering breakthrough professional experiences for songwriting, beat-making, producing, and mixing.

The new Logic Pro comes powered by AI, introducing incredible studio assistant features that augment the music-making process and provide artists help right when they need it.

“Logic Pro gives creatives everything they need to write, produce, and mix a great song, and our latest features take that creativity to a whole new level,” said Brent Chiu-Watson, Apple’s senior director of Apps Worldwide Product Marketing. “Logic Pro’s new AI-backed updates, combined with the unparalleled performance of iPad, Mac, and M-series Apple silicon, provide creative pros with the best music creation experience in the industry.”

Google’s parent company Alphabet Inc. (NASDAQ: GOOG, GOOGL) recently showed off its astonishing vision for how AI will work with its popular Gmail and Photos platforms. During a keynote speech at its annual Google I/O developer conference, Google CEO Sundar Pichai kicked off the event highlighting various new features powered by its latest AI model Gemini 1.5 Pro. One of the new features, called Ask Photos, allows users to search photos for deeper insights, such as asking when your daughter learned to swim or recall what your license plate number is, just by looking through saved photos.

As well, Google unveiled perhaps the most intriguing offering, dubbed Project Astra. It’s what the company is calling an “advanced seeing and talking responsive agent”, and what some are calling an amped-up version of Google Lens. Google is making all kinds of moves in AI that has the market buzzing, even redesigning its own market-leading search engine, using AI all the way down the line.

“What we see with generative AI is that Google can do more of the searching for you,” says Liz Reid, Google’s newly installed head of Search. “It can take a bunch of the hard work out of searching, so you can focus on the parts you want to do to get things done, or on the parts of exploring that you find exciting.”

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/embracing-the-ai-era-imf-highlights-massive-potential-for-global-workforce-ai-innovation-302147975.html

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US fintech Yendo secures $165m in mix of debt financing and equity

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Yendo, a prominent fintech company based in the United States, has successfully secured $165 million in funding through a combination of debt financing and equity investment.

Funding Structure

The funding round comprised a mix of debt financing and equity infusion, highlighting investors’ confidence in Yendo’s growth prospects and business model. This significant financial injection underscores Yendo’s position as a key player in the fintech sector.

Investment Highlights

Yendo’s ability to attract such substantial investment underscores its appeal to investors. The company’s innovative approach and strategic positioning within the fintech landscape have positioned it for accelerated growth and market expansion.

Utilization of Funds

The newly raised capital will likely be deployed to fuel Yendo’s expansion initiatives, including product development, market expansion, and strategic acquisitions. The infusion of funds will provide Yendo with the financial resources needed to capitalize on emerging opportunities and consolidate its market position.

Market Impact

Yendo’s successful funding round is expected to have a positive impact on the broader fintech market, signaling investor confidence in the sector’s growth potential. The influx of capital into Yendo reflects the ongoing trend of significant investment activity within the fintech industry, driven by increasing demand for innovative financial solutions.

Source: fintechfutures.com

The post US fintech Yendo secures $165m in mix of debt financing and equity appeared first on HIPTHER Alerts.

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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub

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Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.

Source: fintechfutures.com

The post Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub appeared first on HIPTHER Alerts.

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Growing More with Less: IMF Highlights Efficiency in Agriculture with Agritech Advances

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USA News Group Commentary
Issued on behalf of Bee Vectoring Technologies International Inc.

VANCOUVER, BC, May 17, 2024 /PRNewswire/ — USA News Group – Food production is rapidly evolving. The International Monetary Fund (IMF) underscores the urgent need to “grow more with less,” emphasizing efficiency in agriculture. Artificial intelligence (AI) is revolutionizing the sector by developing new crop varieties, providing vital soil data, and utilizing precision drones for fertilizers and pesticides. To meet the rising demands for sustainable agriculture, agritech innovations are accelerating. The global agritech market, valued at $24.4 billion in 2023, is expected to grow at a CAGR of 12.33%, reaching $49.2 billion by 2031, according to Adroit Market Research. This expansion is fueled by advances in precision farming, biotechnological applications, and the integration of AI and Internet of Things (IoT) technologies, with agritech companies leading the way to ensure future food security, including developments from Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF), Bunge Global SA (NYSE: BG), Archer-Daniels-Midland Company (ADM) (NYSE: ADM), Origin Agritech Limited (NASDAQ: SEED), and Ingredion Incorporated (NYSE: INGR).

An innovative system utilizing commercially-reared bees to deliver biological pesticide alternatives directly to crops is making waves in the $250 billion crop protection and fertilizer market. Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF) is at the forefront of this development, focusing on biological agricultural products (“biologicals”) expected to replace chemical pesticides and fertilizers. According to DataHorizzon Research, the biologicals sector is projected to grow at a compound annual growth rate (CAGR) of 13.3%, reaching a market size of US$45.3 billion by 2032.

Recent progress has been made with BVT’s proprietary biological control agent, CR-7, especially in its use as a seed treatment for soybeans. This advancement highlights CR-7’s compatibility and safety on seeds, propelling it toward commercialization in the agricultural sector.

“Two years of rigorous testing confirmed CR-7’s exceptional safety profile on soybean seeds, showing no signs of toxicity or adverse effects on plant health,” said Dr. Mason Newark, Field Technical Manager at BVT. “These results establish CR-7 as an excellent candidate for seed treatment, given its long shelf life, compatibility with other common seed treatment products, and its safety for use on seeds.”

Research shows that CR-7 maintains a long shelf life when coated on soybean seeds, ensuring extended viability. Additionally, tests have confirmed CR-7’s compatibility with various seed treatment products, including other biologicals and chemical pesticides. Extensive safety evaluations demonstrated that CR-7 does not negatively affect soybean plant germination or growth, confirming its safety and effectiveness in conjunction with other treatments.

“Investing in this research is crucial for understanding the potential market for a CR-7 seed treatment product,” said Ashish Malik, CEO of BVT. “We continue to progress our collaborations with major global multinationals. These are potential partners looking to differentiate their seed treatment portfolio offerings in soybeans, a major global crop that is worth US$155 billion annually and projected to reach US$278 billion by 2031.”

Recent advancements in BVT’s corporate partnerships have led to new international trials and expanded use of the CR-7 biological control agent. A significant achievement includes results from a Michigan State University trial, which showed that CR-7 reduces early disease infection and fungal diseases by over 90% compared to untreated plots, matching the effectiveness of conventional chemical treatments.

In the past year, BVT has reached notable milestones, such as initiating trials in Spain with Agrobío, Mexico with a major multinational grower, and South Africa with MBFi. This period also marked the first sale of CR-7 to BioSafe Systems. Building on the positive outcomes from the Michigan State University trial, BVT plans to replicate these trials in the coming years to further validate CR-7’s efficacy.

A potentially major merger is underway, involving Bunge Global SA’s (NYSE: BG) attempt to acquire Glencore-backed Viterra, which would put the company nearer in scale to rivals Archer-Daniels-Midland Company (ADM) (NYSE: ADM) and Cargill. However, competition concerns in Canada (where the acquisition will take place) are growing louder. As per the deal, the merged-company would be worth $34 billion including debt, building upon Bunge’s status as Canada’s largest processor of canola into vegetable oil and meal, by bringing in Viterra’s seven of the existing 14 crushing facilities in Canada.

“The new company will be committed to Canadian workers and the transaction will not result in the closure of any Bunge or Viterra facilities in Canada,” said Gregory Heckman, CEO of Bunge in a statement. “That commitment means we are keeping our important office presence in Regina and will continue to employ thousands of Canadians with well-paying jobs across the country.

According to Heckman, the combination of Bunge and Viterra will compete with dozens of grain handling companies that operate hundreds of elevators and numerous terminals in Western and Eastern Canada.

Bunge’s competitor Archer-Daniels-Midland (ADM) is also facing obstacles, as the major food company is undergoing an internal investigation involving its new flavors division Nutrition. However, while this is going on, ADM is moving forward, recently detailing its environmental efforts in reducing greenhouse gases (GHGs), accelerating regenerative agriculture, and other accomplishments in its 2023 Corporate Sustainability Report.

ADM’s global team of 42,000 colleagues once again delivered on a broad range of sustainability accomplishments in 2023,” said Juan Luciano, Board Chair and CEO for ADM. “What is even more exciting is the opportunity ahead of us. From our expanding leadership role in the decarbonization of the industries in which we operate, to the potential for the bioeconomy to transform how we think about food, feed, fuel and industrial and consumer products, ADM is helping pave the pathway toward a better future for us all.”

Among the achievements in the report, ADM successfully expanded its global regenerative agriculture program, with more than 2.8 million acres in 2023 that sequestered 263,700 metric tons of CO2 and emitted 310,000 fewer metric tons of Co2e. Recently ADM also donated $1 million to Kansas State’s Global Center for Grain and Food Innovation to support advances in food product development, food safety, and food security.

Leading Chinese agricultural technology company Origin Agritech Limited (NASDAQ: SEED) recently announced it had received a GMO safety certificate for its transgenic maize, BBL2-2, marking a new era in crop innovation. The newly certified maize contains two insect-resistant genes, and one herbicide-tolerance gene, creating maize that’s resistant to various pests such as corn borer, cotton bollworm, and armyworm.

“Receiving this GMO safety certificate is a transformative moment for Origin Agritech and agricultural biotechnology in China,” said Dr. Gengchen Han, Chairman and CEO of Origin Agritech. “BBL2-2 exemplifies our capabilities in genetic innovation and sets a new standard in sustainable agriculture. We are eager to lead the commercialization of this technology, which promises significant improvements in crop resilience and yield.”

Looking to make food sweeter, Ingredion Incorporated (NYSE: INGR) has unveiled its new PURECIRCE Clean Taste Solubility Solution (CTSS), derived from the strategic acquisition of stevia supplier PureCircle in 2020. Based on the natural sweetener stevia, CTSS can reduce and replace sugar without the lingering bitter notes typically associated with Reb M stevia.

Ingredion’s stevia sweetener is 100x more soluble than Reb M stevia, and is a one-to-one replacement for sugar, based on the company’s own internal tests.

“Clean Taste Solubility Solution really represents the next step for Ingredion as well as the outgrowth of Ingredion’s investment in the acquisition of Pure Circle,” said Adam Berzins, Senior Manager of Global Sugar Reduction Product Applications at Ingredion. “Pure Circle had a decades-long legacy of innovation in the stevia space. And really, what we have been able to do is, through our deep technical understanding of everything from the leaf agronomy through the production to the practical application in a finished good, understand how to develop these new tools that solve both taste and production challenges.”

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

USA News Group
Editorial Staff

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 Bee Vectoring Technologies International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Bee Vectoring Technologies International Inc., 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 Bee Vectoring Technologies International Inc. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares Bee Vectoring Technologies International Inc. at any time 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, we currently own shares of Bee Vectoring Technologies International Inc. and will buy and sell shares of the company in the open market, or through private placements, and/or other 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 the 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/growing-more-with-less-imf-highlights-efficiency-in-agriculture-with-agritech-advances-302149125.html

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