Category Archives: PR Newswire

App-based remittances win on convenience, security and speed in Asia Pacific: Visa

New Visa research reveals remittance users in the Philippines and Singapore have overwhelmingly adopted app-based digital payments, with more than half of surveyed users citing ease of use and security as key reasons for going digital

SINGAPORE, March 29, 2023 /PRNewswire/ — Asia Pacific is one of the largest remittance-receiving regions in the world[1] and making up one of the top five recipient countries for remittance inflows is the Philippines[2], with remittances contributing an estimated 9.3% of the market’s GDP in 2021[3]. This signals the importance of remittances as not just a lifeline for everyday needs but also a key economic driver in many markets.

As the amount of global remittance inflows continues to reach new records[4], a new Visa research “Money Travels: 2023 Digital Remittances Adoption” found that 53% of global surveyed remittance users are turning to digital apps to send and receive funds, with users in Singapore (73%) and the Philippines (71%) also overwhelmingly choosing to adopt app-based solutions to do so.

“Fast, easy and secure payments can make a profound difference to families, communities and economies around the world,” said T.R. Ramachandran, Head of New Payment Flows, Asia Pacific, Visa. “This new research shows incredible acceleration of digital payments and how consumer expectations of speed and ease of use is underpinned by the demand for better security.”

Digital remittances win on convenience, security and speed

The Money Travels: 2023 Digital Remittances Adoption study examines consumers’ habits and preferences when sending and receiving money. Highlights of the study include:

  • Digital remittances are the preferred method amongst consumers across all surveyed markets. Between 60-70% of surveyed remittance users across North America have used an app-based digital payment method to send/receive money internationally and this similar trend is observed with Saudi Arabia (69%) and the United Arab Emirates (65%) users. In Asia Pacific, digital solutions also continue to be the preferred choice, with Filipino remittance receivers intending to use digital transfers (57%) and to receive money digitally (36%).
  • App-based digital payments are considered the most secure method by a strong proportion of remittance users across countries. In Singapore, three out of five (61%) surveyed consumers reported using digital-only means for sending money internationally because of ease of use and security (53%).
  • Sending more money, more often, is easier than ever. Over half of those who have sent money internationally do so about once per month or more often in the United Arab Emirates (71%), Saudi Arabia (64%) and the Philippines (48%). Among those who have received money, 80% do so at least a few times per year in Saudi Arabia, followed by the Philippines (77%), and Mexico (72%).

Ramachandran continues, “Remittance habits are also changing with ease of use and better technology – we are seeing remittances being sent and received in less than a day in Asia Pacific, spurring increased frequencies. Beyond livelihoods, we are also seeing more remittances made in support of key life milestones, such as funding college education, making investments for the long term or saving for an overseas property purchase.”

Enabling smarter and faster remittances

Visa works in collaboration with global remitters such as Maya Philippines, Brightwell, Paysend, Western Union and Xoom to help enable efficient money movement through digitised remittances.

“At Maya, we understand the critical role that remittances play in the daily lives of countless Filipinos and their families. That’s why we’re working with companies like Visa to help promote innovative cross-border money transfer services. By leveraging the Maya app, including Maya Bank, to facilitate fast, secure, and low-cost remittance, we’re meeting a vital need in making transactions safer and more convenient,” said Shailesh Baidwan, Maya Group President. 

In conjunction with the study, Visa also launched “Money Travels,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners. For more information about Visa Direct, please visit: https://usa.visa.com/run-your-business/visa-direct/payment-guides/remittances.html

This survey was conducted by Morning Consult during 14-28 December 2022 among a sample of more than 14,000 remittance senders and receivers across the United States, Canada, Mexico, Peru, France, Poland, Philippines, Singapore, United Arab Emirates and Saudi Arabia.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Media Contact

Isabell Tay
Visa Worldwide Pte. Ltd
istay@visa.com

Source: Visa Worldwide Pte. Ltd

BETT 2023: ViewSonic to Debut Expanded EdTech Solutions Across UNIVERSE Virtual Campus and myViewBoard Ecosystem

BREA, Calif., March 29, 2023 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual and education technology (EdTech solutions), has revealed the latest iteration of UNIVERSE by ViewSonic the virtual learning platform at the BETT Show 2023 (British Educational Training and Technology Show), with the immersive 3D platform now incorporating subject-specific Thematic Classrooms and class performance metrics for educators. In the pursuit of providing educators with total solutions for digital learning, the company is also showcasing diverse pre-made digital lesson content from ViewSonic Originals, along with the latest ViewBoard interactive displays and myViewBoard software suites. Attendees will be able to experience cutting-edge solutions across different scenarios.

BETT 2023: ViewSonic to Debut Expanded EdTech Solutions Across UNIVERSE Virtual Campus and myViewBoard Ecosystem
BETT 2023: ViewSonic to Debut Expanded EdTech Solutions Across UNIVERSE Virtual Campus and myViewBoard Ecosystem

“ViewSonic is continuing to implement our “Ecosystem as a Service (EaaS)” strategy to create a digital education ecosystem. While we’ve seen increased digitization in education, the technology being used doesn’t necessarily make full use of what’s possible,” said Kevin Chu, Director of UNIVERSE Business Unit at ViewSonic. “We want attendees to see just how powerful a 3D virtual campus can be when incorporated into digital learning. UNIVERSE ensures students and teachers have access to solutions that harness the latest and most innovative technologies to enhance online learning experiences.”

A Virtual Campus for Online Learning

ViewSonic has launched UNIVERSE in 2022 – a virtual learning platform that brings the benefits of in-person learning to an online environment. Combined with intuitive controls and diverse features, UNIVERSE has been helping to increase student engagement, encourage collaboration, and foster a sense of belonging.

On the last UNIVERSE’s update, a new type of virtual space has been launched. The Thematic Classrooms allow participants to explore interactive 3D environments built to help students learn about specific school subjects. The first thematic classroom was designed for biology classes, where students can interact with biological structures like blood platelets and nerve cells, providing a more immersive way of understanding how these elements function in the body. Following the release of the biology-themed room, ViewSonic will also launch thematic rooms based on subjects like English, math, geography, and history. The new feature will be showcased during BETT.

ViewSonic has also introduced the new Portfolio tool in UNIVERSE, enabling teachers to access class insights such as test results, attendance, and participation records with ease to streamline class management.

Furthermore, UNIVERSE’s Learning Tools Interoperability (LTI) integration allows educators to seamlessly exchange information between different Learning Management Systems (LMS). Aiming to provide a seamless learning experience and greater flexibility for both teachers and students, the platform will soon be integrated with LMS such as Canvas and Blackboard.

Accessible Digital Learning Content

With increased digitization, teachers are faced with new challenges, particularly in developing and implementing content for a digital curriculum. To accommodate the digital revolution, ViewSonic is also demonstrating its newest feature for the myViewBoard platform, Originals, which provides teachers with pre-made content to help them build engaging digital lessons.

ViewSonic Originals is broken down into four categories: Original Content, Backgrounds, Graphics, and Online Games. In addition to an extensive library of teaching materials for all ages and subjects ranging from interactive modules to full lesson plans, the database features an extensive collection of backgrounds, images, and animations that are perfect for a range of topics and themes, allowing teachers to add safe, copyright-cleared media to their lessons. By offering thousands of interactive modules to full lesson plans, the company makes planning and running lessons easier for all those in the K-12 age groups.

Innovation Across ViewSonic’s Range of Solutions

As a leading EdTech solutions provider, ViewSonic’s ViewBoard interactive displays and myViewBoard software suites are being adopted by educational institutions around the world. At ViewSonic’s booth, visitors can experience the latest 5K 105″ ViewBoard IFP105S for hybrid collaboration and the 24″ touch monitor for “smart podium” solutions. In addition, visitors can also check out the VB-CAM-201, which just got Zoom Rooms USB Camera Certification, improving productivity and communications when videoconferencing. Meanwhile, the esports for education zone will also be showcasing the latest Elite XG320Q gaming monitor during the show.

Furthermore, ViewSonic will be exhibiting an industry-leading 135″ All-in-One LED Display Solution Kit with a foldable screen. This design innovation significantly reduces the packaging size, making transportation more convenient and easy to move, and ready for immediate use, which is perfect for a range of short-term usage scenarios, such as lectures, events, and hybrid classrooms.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

Source: ViewSonic Corp.

51Talk Online Education Group to Report Third Quarter, Fourth Quarter and Fiscal Year 2022 Financial Results on Wednesday, March 29, 2023

Earnings Call Scheduled for 8:00 a.m. EST on March 29, 2023

SINGAPORE , March 28, 2023 /PRNewswire/ — 51Talk Online Education Group (“51Talk”, or the “Company”) (NYSE: COE), a global online education platform with core expertise in English education, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, the fourth quarter and fiscal year ended December 31, 2022 on Wednesday, March 29, 2023, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 29, 2023 (8:00 p.m. Singapore/Beijing/Hong Kong time on March 29, 2023).

Dial-in details for the earnings conference call are as follows:

United States Toll:

+1-888-346-8982

International:

+1-412-902-4272

Singapore (toll free):

800-120-6157

Mainland China Toll:

400-201-203

Hong Kong Toll:

800-905-945

Hong Kong-Local Toll:

+852-3018-4992

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “51Talk Online Education Group”.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.51talk.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until April 05, 2023, by dialing the following telephone numbers:

United States Toll:

+1-877-344-7529

International Toll:

+1-412-317-0088 

Canada Toll:          

+855-669-9658

Replay Access Code:

4004363

About 51Talk Online Education Group

51Talk Online Education Group (NYSE: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students

For more information, please visit http://ir.51talk.com.

VECTION TECHNOLOGIES AND EXPERT.AI TEAM UP TO DIGITIZE TECHNICAL MANUALS WITH AI


PERTH, Australia , March 28, 2023 /PRNewswire/ — Vection Technologies (ASX:VR1, OTC:VCTNY), the INTEGRATEDXR® company, and expert.ai (EXAI:IM), a leading company in artificial intelligence (AI) for language understanding and language operations, announce today a partnership to create an AI-powered solution for digitalizing technical manuals. This revolutionary solution is aimed at making technical manuals more accessible and easier to understand by using a combination of extended reality (XR) and AI technologies to deliver an immersive experience.

The two companies have already commenced working together on tenders and government grants to fund the development of this solution. One of the unique features of this solution will be the use of avatars for human-to-machine interaction. These avatars can provide users with step-by-step instructions and guide them through the troubleshooting process. Users can interact with avatars using natural language and receive accurate responses to their queries. The advanced natural language processing (NLP) and deep learning algorithms enable the avatars to understand natural language and provide accurate responses.

The solution will also be compatible with mixed reality (MR) devices such as HoloLens, enabling operators to identify issues using MR technology. The solution provides step-by-step instructions and visualizations to guide operators through the troubleshooting process, resulting in faster resolution times and reduced downtime.

For example, imagine a mechanic working on a car engine. Instead of flipping through a thick manual, the mechanic can use the AI-powered solution to access the relevant manual digitally. The mechanic can then use the solution’s chatbot functionality to ask questions in natural language and receive accurate responses. The solution’s advanced NLP and deep learning algorithms ensure that the chatbot can understand the mechanic’s queries and provide relevant and accurate answers. The mechanic can also use the solution’s XR component to visualize step-by-step instructions on how to troubleshoot the issue. This enables the mechanic to quickly and efficiently diagnose and repair the problem.

“We are excited to partner with expert.ai to develop this innovative solution,” said Gianmarco Biagi, Managing Director of Vection Technologies. “Our partnership demonstrates our commitment to driving innovation in the industry. We look forward to progressing the development of this solution and helping businesses increase efficiency and productivity.”

“Expert.ai commitment to integrate best-of-breed AI tools and visionary techniques that deliver value aligns completely to the Vection Technologies vision towards innovation as a key asset to bridge physical and digital worlds,” commented Walt Mayo, CEO of expert.ai. “We are pleased about this new partnership as it brings a disruptive solution to the market by combining XR avatars and AI-enabled natural language to push the boundaries of our digital experience.”

ABOUT VECTION TECHNOLOGIES:

Vection Technologies is a growing enterprise-focused company that helps businesses bridge the physical and digital worlds. We help organizations leverage their 3D data via powerful extended reality (XR) interfaces that foster collaboration and learning, grow sales and more.
Vection Technologies is listed on the Australian Securities Exchange (ASX) with ticker code VR1, and trades on the U.S. over-the-counter (OTC) markets under the symbol VCTNY.
For more information, please visit: www.vection-technologies.com

ABOUT EXPERT.AI:

Expert.ai (EXAI:IM) is a leading company in AI-based natural language software. Organizations in insurance, banking and finance, publishing, media and defense all rely on expert.ai to turn language into data, analyze and understand complex documents, accelerate intelligent process automation and improve decision making. Expert.ai’s purpose-built natural language platform pairs simple and powerful tools with a proven hybrid AI approach that combines symbolic and machine learning to solve real-world problems and enhance business operations at speed and scale. With offices in Europe and North America, expert.ai serves global businesses such as AXA XL, Zurich Insurance Group, Generali, The Associated Press, Bloomberg INDG, BNP Paribas, Rabobank, Gannett and EBSCO.
For more information, please visit: https://www.expert.ai

FORWARD LOOKING STATEMENTS:

Certain statements made in this release are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Vection Technologies’ current expectations, estimates and projections about the industry in which Vection Technologies operates, and beliefs and assumptions. Forward looking statements can generally be identified by the use of forward-looking words such as ‘anticipate’, ‘believe’, ‘expect’, ‘project’, ‘forecast’, ‘estimate’, ‘likely’, ‘intend’, ‘should’, ‘will’, ‘could’, ‘may’, ‘target’, ‘plan’ and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on future earnings, distributions or financial position or performance are also forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the control of Vection Technologies, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Vection Technologies only as of the date of this release. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Vection Technologies has no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

FROST & SULLIVAN HONORS STRADVISION WITH THE PRESTIGIOUS GLOBAL TECHNOLOGY INNOVATION LEADERSHIP AWARD

SEOUL, South Korea, March 27, 2023 /PRNewswire/ — Frost & Sullivan has announced that STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.

STRADVISION has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.
STRADVISION has won the Frost & Sullivan 2022 Global Technology Innovation Leadership Award in the advanced driver assistance system (ADAS) and automated driving (AD) perception software industry.

During the rigorous analytical award process, Frost & Sullivan evaluated multiple nominees in each category before determining the final award recipient. The process involves a detailed evaluation of best practices criteria across two dimensions for each nominated company. The firm found that STRADVISION excels in many criteria in the ADAS and AD perception space, including technology leverage and business impact.

“STRADVISION’s commitment to innovation and creativity enables it to develop optimized solutions that meet client needs and market demands,” said Deexeta Mohankumar, Research Analyst for Frost & Sullivan. “In addition, its core SVNet technology allows it to stay ahead of the competition by adopting advanced learning algorithms that deliver high efficiency and modularity. Demonstrating performance effectiveness with SoC-specific software architecture, STRADVISION has distinguished itself as a technology provider that can run deep learning-based vision perception features on leading SoC platforms. In contrast, most competitors still rely on ML-based solutions, which require large data sets, time, and resources to improve accuracy.”

“We’re pleased to see that our industry-leading approach to innovation is being widely recognized by such prestigious institutions as Frost & Sullivan,” STRADVISION USA CEO Sunny Lee said. “We will continue to push for an integrated future for vision and artificial intelligence technology in consumers’ everyday lives by providing our customers with best-in-class software for safer assisted and autonomous driving.”

Frost & Sullivan’s research on the global autonomous passenger vehicle market in 2022 indicates that the total addressable market for L1 to L4 autonomous vehicles will reach 74.54 million units by 2028, with 59% of the vehicles equipped with an L2 and above ADAS/AD software stack. This presents a vast opportunity for ADAS/AD perception technology developers such as STRADVISION. The ADAS/AD solutions based on STRADVISION’s SVNet technology are available in more than 50 vehicle models of 13 OEMs, accounting for over 550,000 consumer vehicles in global markets.

Frost & Sullivan’s full summary on the award and their selection of  STRADVISION can be found HERE.

The Frost & Sullivan recognition came after a busy year for STRADVISION in 2022, including significant workforce growth of 69.2% YoY for the company, both in North America and globally. The company achieved Series C funding of $88 million ($129 million cumulative funding to date), and its recent rebranding and evolved company vision will extend the implementation of its innovative computer vision software to industries beyond automotive. Additional 2022 and early 2023 milestones include SVNet software implementation for Texas Instruments’ TDA4 automotive processor, the successful completion of proof-of-concept (PoC) and production projects for more mass production with global OEMs and Tier-1 companies, and STRADVISION’s SVNet software being once again selected as the ‘Best-in-Class Software for Perception Systems’ during the 2022 AutoSens Awards in Brussels, Belgium.

About STRADVISION

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can powers ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2021 and 2022 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION’s software is certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.

Annual Sales of Home Appliances on Shop Now Platform Increases 9-Fold Year-on-Year

SHANGHAI, March 27, 2023 /PRNewswire/ — JDDJ and Shop Now, the on-demand retail business jointly launched by JD.com, and Dada Group (Nasdaq: Dada), has reported great growth amidst significant expansion over the last 12 months in recent annual results.

In particular, the home alliance category has seen large growth. In March, JD.com published the “JD.com Helps the High-Quality Development of the Home Appliance Industry White Paper”. The white paper revealed that the home appliance industry is embracing the innovative on-demand retail, to achieve growth.

In 2022, sales in this category on JD Shop Now increased by more than 9 times year-over-year, making it of the most important channels for top home appliance brands.

As the key players in JD.com’s omni-channel service, JD Shop Now and JDDJ has connections to 11,000 brick-and-mortar home appliance stores, which accounts for about 60% of the top home appliance manufacturers and covered 300 cities in China.

As the on-demand retail business in JD.com’s ecosystem, JDDJ provides consumers with a service of “order online, deliver from nearby stores within one hour”. Based on analysis of home appliance trends, JDDJ identified the pain points of physical stores and provided integrated solutions in connecting off- and on-line inventories, user and service digitalization, to optimize cost, efficiency and experience.

As for large and heavy appliances, together with well-known merchants, JDDJ has established a “deliver and install” service, which can be fulfilled as quickly as the next day. The innovative service has greatly improved consumers’ experiences in home appliance consumption.

Since last year, home appliance’s on-demand retail business has been growing rapidly, and the online sales of offline stores are expected to exceed RMB 10 billion yuan in the next two years.

The key of on-demand retail is the digitalization of traditional stores. As the representative of open platform model, JDDJ does not touch the inventory, and brings high quality products and services to consumers together with all-category retailers and brand owners on-board.

By merging the borders of online and offline shopping, the omni-channel retailing model extensively integrates physical and digital channels, resources and capabilities to bring the ultimate experience to consumers while stimulating greater consumer potential.

At present, there is a surging need from retailers and brand owners for access to online traffic and efficient on-demand fulfillment solutions. More retailers are now starting to build their own O2O team and by leveraging JDDJ, they can expand their on-demand retail business rapidly.

About cooperation between Dada Group and JD.com

In October 2021, Dada Group and JD.com jointly launched the Shop Now service, and “Nearby”, a new tab on the homepage of JD.com’s app, which were designed to connect customers to nearby offline stores. The new business was overall undertaken by Dada Group. Shop Now service enhances on-demand location-based retail capabilities of both Dada and JD to provide one-hour retail and delivery services for consumers and partners. By clicking into the new Nearby tab, JD’s roughly 588 million users will have the opportunity to discover offline stores within a 3-5 kilometer radius of their shipping address with a wide array of product offerings.

U-tec to Launch All-new Smart Home Products at 2023 ISC West

LAS VEGAS, March 26, 2023 /PRNewswire/ — Leading smart home brand U-tec is set to exhibit its comprehensive product lineup, new products and sub-brands at the 2023 ISC West, the largest security industry trade show in the U.S., which will be held from March 28 to 31 in Las Vegas. The company will be at booth #23067 at the Venetian Expo convention center.

Originally established as a smart lock brand, ULTRALOQ, U-tec has evolved to become a top security and automation system products provider, empowering every product line with innovation with advantages in differentiation. It is committed to creating new smart home products with through innovative technologies to help build a smarter and more convenient life. To date, U-tec has served more than 1 million customers worldwide.

At 2023 ISC West ,  U-tec will present the latest ULTRALOQ series products and solutions, including the new Bolt Series and the ULTRALOQ Air SaaS-based cloud platform.U-tec will debut a new intelligent lightbulb brand, Bright, and a smart home security camera brand named Ulticam, as well as the Power series products including smart switches and plugs.

“We are excited to participate in the 2023 ISC West trade show. U-tec’s growth strategy focuses on leveraging the U-tec whole home control cloud platform as the hub to connect smart locks, lighting, security cameras,switches and plugs, to build a new open and shared smart home ecosystem with the core technologies of AIoT and Cloud,” said Clark Ruan, Vice President of U-tec.

Bright: Smart lighting is a bright idea

Bright is the world’s first Wi-Fi mesh smart lighting bulb that enables users to control the lights from anywhere in the world and program the lights to turn off automatically when the room is empty.

The product is equipped with voice control, radar human detection and multiple controls to build a more secure home. It blends into the home with lights that dim and change color automatically, plus a High Energy Visible (HEV) light to kill bacteria when no one is around.

Ulticam: Your camera, your way

Aiming to achieve the “smartest way to keep your family safe,” U-tec is launching the newest home security camera that will help users to explore around the home regardless of where they are. The Ulticam series will bring a real sense of security to the home with a built-in-AI chip, people/vehicle/object recognition algorithm, that will connect to the mobile U-tec app, to change the way of protecting the home.

Its intuitive user interface makes it a breeze to get notifications to know what’s happening at home from anywhere – see, hear and speak to visitors in real time. The 24/7 monitoring and control sends email or text alerts.

U-tec’s products can be interlinked through IoT and cloud technology, bringing an integrated and comprehensive experience with the mobile app. To further integrate its smart solutions, U-tec is launching ULTRALOQ Air, a cloud-access control platform with unified hardware, software and services that solves the industry pain point of multi-site commercial property management.

“U-tec has come a long way in the security industry. We have the core technologies of Wi-Fi Mesh, Edge AI and battery life to create advanced products, as well as the end-to-end integration of R&D, production, design, sales and services that enables us to grow and make life smarter and better for people,” said Clark Ruan.

For more information, please visit https://u-tec.com.

About U-tec

Located in Silicon Valley, U-tec is setting new standards for smart home security with its best-in-class design and advanced technologies. Every day, U-tec helps keep more than 1 million North American customers and their assets safe.

ICECO Announces the Launch of APL55 – A Next Generation of Portable Fridge

CITY OF INDUSTRY, Calif., March 26, 2023 /PRNewswire/ — ICECO, a leading manufacturer of portable refrigeration solutions, recently announced the launch of its latest product – a portable fridge equipped with the company’s patented Flexi-Zone technology. The new fridge offers a unique and flexible cooling solution that can be easily adjusted to meet the needs of any outdoor adventure.

ICECO APL55 12V Refrigerator
ICECO APL55 12V Refrigerator

The ICECO APL55 is perfect for camping, road trips, and other outdoor activities. Its compact and lightweight design makes it easy to transport, while its powerful refrigeration system keeps food and beverages fresh and chilled for long periods of time.

ICECO APL55 is based on several local CA overland groups and several RVers working together to come up with a proposal. It has been designed since 2022, and after 3 versions of trial and error, it will be the first ICECO product of 2023 in the first quarter of 2023. And in addition to ICECO’s exclusive technology, ICECO has also added some more small functional features considering the user’s needs, which are completely different from most of the products currently on the market. For example, like app control, night breathing light, these unobtrusive features can significantly improve the user experience of the product.

ICECO’s new panel design clearly reflects the working status of the entire refrigerator. At the same time, ICECO surveyed and received feedback from customers about the APL55 panel. The screen brightness adjustment function allows users to adjust the brightness at any time and the APL55 can turn off all screen lights.

But what sets the ICECO APL55 apart is its innovative Flexi-Zone technology. This patented technology allows users to transform the fridge from a single-zone to a dual-zone unit, providing greater flexibility and control over the cooling process. With the Flexi-Zone technology, users can adjust the temperature of each zone independently, ensuring that their food and drinks are stored at the perfect temperature.

The lid has a slow descent function to ensure that the heavy lid does not smash the user’s hand and also eliminates the noise generated when closing the lid. The thickened insulation foam layer is the thickest and best-performance of all ICECO products. Compressor program adjustment reduces unnecessary operations and reduces loud noise during compressor start-up. Extra soundproofing foam is able to suppress the noise to about 38 dB.

The ICECO APL55 portable refrigerator is now available for purchase on the ICECO’s website. With its innovative features and competitive price, it is sure to become a popular choice for outdoor adventurers and anyone who needs a portable cooling solution.

Nagad turns a billion-dollar company only in three years: Palak


DHAKA, Bangladesh, March 24, 2023 /PRNewswire/ — Nagad, a leading mobile money service operator based in Bangladesh, has become a billion-dollar company only in three years of its inception, says Zunaid Ahmed Palak, state minister for ICT Division.

“Nagad has become a billion-dollar company based on its partnership with the Postal Department and its integration with ICT Division’s ‘Parichay’, while it took 10 years for bKash to achieve that feat,” commented the state minister while comparing the country’s two leading MFS carriers at the inauguration ceremony of “Meghna Pay“, an MFS of Meghna Bank, in a five-star hotel in Dhaka recently.

Tanvir A Mishuk, founder and managing director of Nagad Limited, Ashequr Rahman, chairman of Meghna Bank Limited, Sohail RK Hussain, managing director and CEO of Meghna Bank Limited, were also present at the function.

Terming Nagad as the fastest-growing start-up fintech in the world, Zunaid Ahmed Palak said Bangladesh has now gained the status of becoming a champion in the global MFS industry.

Tanvir A Mishuk said, “Nagad as a mobile financial service will stay beside Meghna Pay with all kinds of technological assistance.”

Explaining it, he said, “We believe if we work together with Meghna Pay to break the monopoly in the [MFS] market, this will benefit both the market as well as people.”

“We want to build a smart Bangladesh by working shoulder to shoulder,” he added.

Nagad, as an MFS of Bangladesh Postal Department, embarked on its journey on 26 March in 2019. At the outset, it shook the entire financial industry by innovating electronic know-your-customer (e-KYC). In the e-KYC system, customers can open an MFS account using their smartphone in less than a minute just by taking a photo of their national identity card and a selfie.

Later, the state-owned MFS operator came up with an even easier way to open an MFS account just by dialing *167# on a feature phone. The ground-breaking innovations have brought an end to cumbersome paperwork, thus creating a buzz across the world.

Nagad’s success reflects its use of state-of-the-art technologies that allow the delivery of various services at minimal charges. In some cases, Nagad provides its customers with free of cost services.

Operating with a government partnership, Nagad’s registered customers now stand at 7.25 crore, with its daily transactions hitting around BDT 1,000 crore on average.

Nagad has also shown the way how government allowances, education stipends and other financial aids can be disbursed among real beneficiaries through a digital platform instantly and conveniently.

About Nagad Ltd (https://www.nagad.com.bd/)

Nagad Limited, a leading mobile financial service in the payment industry of Bangladesh, has more than 72 million registered customers with an average daily transaction of about USD 80 million. Inaugurated in 2019 by Bangladesh’s Prime Minister Sheikh Hasina, the digital payment platform is known as a successful public-private partnership between the Bangladesh Postal Department and the private sector.

AI NPCs are the future of gaming: Parametrix.ai leads the way with its revolutionary GAEA system

“Advanced AI NPCs will bring more diverse storylines, providing players with an immersive and unpredictable game experience-just like Westworld.”

SHENZHEN, China, March 24, 2023 /PRNewswire/ — This is a report from PingWest:

The impressive performance of ChatGPT, made possible by the power of generative AI, has ignited a surge of enthusiasm for this cutting-edge technology among people worldwide. A generative AI-led revolution is on the way, as it has shown the potential for machines to create human-like content and engage in more natural and intuitive interactions with humans.

For the video game industry, which already involves a lot of AI work, the transformation will be even more profound. “There hasn’t been a technology this revolutionary for gaming since real-time 3D,” A16Z wrote in its blog post.

According to the renowned venture capital firm, many startups are exploring the potential of generative AI to create believable characters that gamers can interact with. NPCs, or non-player characters, are particularly crucial in creating immersion in video games. As exemplified by the popular sci-fi TV series Westworld, NPCs with human-like appearances and advanced interactive abilities can help create a feeling of being in a real-world environment for players.

A recent video clip of NPCs acting and interacting autonomously in a virtual ancient city in China has sparked a lot of interest in the gaming community as it demonstrates a technology that is closer to creating a Westworld-like game.

The demo video titled “Living Chang’an City” features hundreds of NPCs, including dancers, street vendors, pedestrians, and more, who move, communicate, and make decisions independently. These NPCs are endowed with different personalities and characteristics, allowing them to establish diverse social relationships on their own.

What gives these NPCs a higher level of autonomy in the virtual world? This should be credited to GAEA, a massive data-driven system developed by Parametrix.ai, a Shenzhen-headquartered AI company. GAEA enables the NPCs to learn, adapt, and exhibit human-like behavior, making them more lifelike and interactive.

Founded in 2019 by Kakar Liu, the former general manager of Tencent’s AI Lab, Parametrix.ai has more than 200 employees, of which 90% are R&D personnel. Among its investors are Sequoia China, Hillhouse Capital, 5Y Capital, and Gaorong Capital.

“There are two key elements to making NPCs more human-like, that is, various kinds of behaviors and natural language communication capabilities,” Parametrix.ai told PingWest. That’s where GAEA comes in, combining the company’s sophisticated AI BOT technology with Large Language Models (LLMs) to bring an enhanced AI NPC solution to game developers.

In order to create more behaviors for NPCs, GAEA builds two interrelated subsystems. The first is the Environment, which is composed of a Commonsense Textual Environment and a Physical Environment, responsible for interacting with NPCs and collecting feedback. What sets this system apart is its ability to change and adapt under the influence of NPC behavior and vice versa.

Then there is the Soul Module, which is made up of a Memory segment and a Policy Network segment. The Memory segment is in charge of modeling the intrinsic motivation of the system and storing information about events experienced by individual NPCs. The Policy Network segment, on the other hand, is responsible for making actions based on information gathered from the Memory segment and the Environment.

Under Soul Module’s influence, NPCs are able to make different choices at any given point, resulting in an incredibly diverse range of storylines. As more NPCs are added to the system, the variability of these storylines continues to expand, offering players an immersive and ever-changing gaming experience.

“For example, the Soul Module gives the dancer a romantic artist personality and records the various events of her daily life in Chang’an city, and then she will take actions based on internal motivation and changes in the Environment, thus changing the storyline,” the company explained. “She might go dancing or date someone; it’s her call.”

In addition, GAEA employs LLMs for goal planning, assists the environment subsystem in performing commonsense reasoning, and integrates this technology with the in-house developed chatbot to provide NPCs with superior conversational skills.

All of these efforts have enabled GAEA to construct the “Living Chang’an City,” an AI society run autonomously by multiple AI NPCs, marking a significant improvement over decision trees.

As a widely accepted method of NPC creation, decision trees are limited by their reliance on predetermined rules and conditions, which can lead to repetitive and predictable NPC behavior and may not account for all possible scenarios and outcomes. With the assistance of GAEA, developers will be able to create more diverse and nuanced NPC behaviors and account for a wider range of scenarios and outcomes.

The growing demand for intelligent NPCs among gamers has led to the emergence of more advanced AI NPC solutions that are poised to overtake decision trees. A recent report by Inworld.ai, a developer platform for advanced NPC behavior and dialogue, finds the majority of gamers desire more personality from NPCs and are willing to invest more time and money in games with advanced AI NPCs.

Multiple players, including Charisma.ai, Convai.com, and Inworld.ai, have set their feet on this niche market, as A16Z mentioned in the blog post.

However, with its products being commercialized on a large scale in the gaming industry, Parametrix.ai may have the opportunity to show a first-mover advantage. According to the startup, it has provided solutions, including AI NPCs, for a number of renowned game studios and serves hundreds of millions of users in over 52 countries worldwide, with 500,000 concurrent AI bots at peak workload.

With AI continuing to make great strides forward, game developers have never been in a better position, with endless opportunities to generate personalized content that speaks to each player’s unique preferences. As Parametrix.ai puts it, “AI is more than a technology, tool, or set of solutions; it is a new form of life that can bring novel ideas, stories, and experiences.”

URL: https://en.pingwest.com/a/11515?preview=Ypmwd7o1a1mJiZmJmZmloY2Fh