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PR Newswire

Ubitus utilizes the strength of computing power to bring innovative AI technology and audiovisual media solutions

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TOKYO, Oct. 12, 2023 /PRNewswire/ — After launching the 2D AI virtual anchor Ubi-chan at the Tokyo Game Show, Ubitus K.K. (hereinafter Ubitus), a cloud streaming pioneer, recently collaborated with NOWnews to release a highly realistic  24 hours nonstop AI anchor named ‘Ni Zhen’ in Taiwan.

Cloud Power: Developing Advanced AI Solutions
In an era of rapid digital technology advancement and information explosion, audiences prefer to absorb information quickly and efficiently. Ubitus offers powerful cloud computing capabilities that enable a large language model (Large Language Model) to automatically condense lengthy news content into concise news summaries by combining both text and images. With the help of AI speech recognition technology, the LLM calculates the appropriate lips movements for the AI anchor and pairs it with text-to-speech (Text to Speech) technology to deliver real-time news broadcasts from the cloud. By integrating multiple AI technologies, Ubitus is able to  make the AI anchor’s responses more human-like, creating a realistic character movement while providing succinct news reporting. News summaries are usually grasped in just about 90 seconds.


The transformation of media industry by AI
The growing enthusiasm for AI technology has led to its application in various industries, including media. Unlike the AI anchors created by other providers, ‘Ni Zhen’ from NOWnews uses 4K high-quality real-life videos for training, enabling AI to learn full-body language and lips movements. This technology enhances ‘Ni Zhen’s’ facial expressions, making her presentation more natural and lively. By automating daily news scripts, ‘Ni Zhen’ can deliver concise summaries and continuous 24-hour broadcasts to the audience. Ubitus offers powerful cloud computing capabilities, ensuring smooth real-time operation of this AI system and article summarization technology in the cloud. The AI anchor can also generate content in multiple languages simultaneously and utilize AI drawing tools to customize its appearance, providing the audience with an exquisite and immediate AI anchor viewing experience.

Wesley Kuo, CEO of Ubitus, expressed, ‘We are honored to successfully launch the AI anchor with NOWnews. By effectively leveraging AI to improve people’s lives, we seek to continuously develop suitable solutions to drive progress in various industries.’


24 hours live news link: https://www.youtube.com/@NOWnews-sp2di

About Ubitus

Ubitus operates the world’s best GPU virtualization technology and cloud streaming platform, and is dedicated to providing a superior user experience via its advanced technology. As long as users are connected to a broadband network, they can enjoy AAA gaming experience across various devices, such as smartphones, tablets, game consoles, smart TVs, and personal computers.

With innovative Game Cloud® technology, Ubitus is able to stream interactive media content with immersive experience on multi-devices for platform operators and digital content developers, while accelerating metaverse popularization with broad applications.

Leveraging the power of GPUs, Ubitus has ventured into AI development. Large language models (LLM), graph diffusion models, and other generative AI tools aim to provide innovative solutions for unique challenges across various industries.

Source: Ubitus K.K.

PR Newswire

LockIn Company Unveils New Product ‘LISS’ to Fortify Mobile App Security

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SEOUL, South Korea, Oct. 12, 2023 /PRNewswire/ — LockIn Company, a prominent mobile app security firm, has taken a significant stride in bolstering mobile app security with the unveiling of its latest innovation, LISS (LIAPP Secure Screen) technology. This state-of-the-art security solution is poised to redefine content and copyright protection within mobile applications, providing users with an unparalleled level of protection against data leakage and unauthorized sharing.

LockIn Company's LISS technology secures sensitive information within mobile apps.
LockIn Company’s LISS technology secures sensitive information within mobile apps.

LockIn Company’s LISS technology is equipped with a robust suite of features meticulously crafted to safeguard sensitive information within mobile apps. LISS effectively thwarts unauthorized screen captures, ensuring the utmost security for valuable content within the app. Furthermore, it diligently blocks screen recording capabilities, guaranteeing that no one can create unauthorized copies of your app’s content. Additionally, LISS possesses the ability to detect and promptly alert users to the presence of remote-control apps, thereby preventing any unauthorized access to the mobile app.

A standout feature of LISS is its library-style Software Development Kit (SDK), which seamlessly integrates into service apps. This integration empowers developers to implement formidable security measures without the need for extensive development resources. Users can enjoy heightened security without the inconvenience of additional app installations.

Myoung Kyu Choi, CEO of LockIn Company, shared his insights regarding the current landscape of mobile app security, stating, “With the mobile app market reaching a staggering 500 billion dollars, the threats to mobile apps are also on the ascent. The app security market, aimed at preventing information leaks and copyright infringements through apps, is poised for remarkable growth.”

LockIn Company, a member company of Global Digital Innovation Network (formerly known as Born2Global Centre), has been a trailblazer in the realm of mobile app security, earning acclaim for its unwavering commitment to safeguarding digital content. In addition to LISS, the company offers other robust security solutions, including LIAPP for mobile app protection and the secure keypad, LIKEY. In 2018, LockIn Company garnered recognition as a major global vendor in Gartner’s “Market Guide for Application Shielding” report. Furthermore, in 2023, the company clinched three prestigious gold awards at the CYBER SECURITY EXCELLENCE AWARDS in the categories of “Mobile Application Security,” “Application Security,” and “Runtime Application Self-Protection.”

PR Newswire

“AI and Innovation: a creative revolution in business?” Publication of a new book by SKEMA’s professor, Margherita Pagani

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PARIS, Oct. 11, 2023 /PRNewswire/ — In her new book, Margherita Pagani explores the interaction between artificial intelligence and business creativity. “Artificial Intelligence for Business Creativity”, published by Routledge, is a comprehensive guide to how AI is not just reshaping the business landscape, but acting as a catalyst for creativity and innovation within organisations.

AI and Innovation: a creative revolution in business?" Publication of a new book by Margherita Pagani, Director of the SKEMA Center for Artificial Intelligence at Skema Business School in Paris
AI and Innovation: a creative revolution in business?” Publication of a new book by Margherita Pagani, Director of the SKEMA Center for Artificial Intelligence at Skema Business School in Paris

“Artificial Intelligence for Business Creativity” examines the extent to which AI is capable of supporting the creative process within businesses. Co-edited by Margherita Pagani, Director of the SKEMA Center for Artificial Intelligence (SCAI) and Professor of Artificial Intelligence in Marketing, and Renaud Champion, the late AI expert, the book explores the complex relationship between individual creativity on a micro scale and organisational innovation on a macro scale from an AI perspective.

It features numerous contributions from recognised researchers in the field of AI from esteemed institutions such as Wharton, Royal Holloway, Bayes Business School and the University of Birmingham. The foreword was written by Igor Jablokov, CEO and founder of Pryon and inventor of the voice assistant Alexa, who is also a member of the scientific committee of the SCAI – SKEMA Centre for Artificial Intelligence research center.

Optimizing processes, improving human interaction

By shedding light on three crucial areas where AI can stimulate business creativity: product and service design, process optimisation and enhancement of organisational collaboration, the authors reveal the transformative potential of AI. “Artificial Intelligence for Business Creativity” is designed to be an invaluable guide for business leaders, managers, entrepreneurs and those with a keen interest in the intersection between AI and creativity. It offers practical guidance, insightful recommendations and an in-depth understanding of AI’s role in fostering creativity. It equips its readers with the tools to navigate and excel in the rapidly evolving landscape of AI.

Professor of artificial intelligence in marketing, Margherita Pagani is director of the SKEMA Centre for Artificial Intelligence research laboratory. An advisor to the European Economic and Social Committee (EESC) on the Consultative Commission on industrial change, she is also deputy editor-in-chief of the magazine Micro & Macro Marketing.

A world-renowned and award-winning researcher, her publications in top international journals focus on the impact of AI on consumer behavior and on digital ecosystems.

marcom@skema.edu

PR Newswire

Relativity Delivers Hands-On e-Discovery Education to Australia

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The University of New England is the first law school in Australia to partner with Relativity’s global Academic Partner Program

CHICAGO and ARMIDALE, Australia, Oct. 10, 2023 /PRNewswire/ — Relativity, a global legal technology company, today announced it has partnered with The University of New England (UNE) School of Law in Australia, to provide hands-on e-discovery education to its law students. UNE is the first school in the APAC region to benefit from the success of Relativity’s Academic Partner Program.

Launched in 2015, Relativity designed its Academic Partner program to meet the evolving needs of the legal industry, helping programs more easily integrate technology into their litigation and discovery curricula. The program has since established itself in 116 schools and reaches 4,000 students in the United States, United Kingdom and Ireland. Relativity’s academic partnerships are comprised of paralegal programs, law schools, and data science and cybersecurity programs. Relativity’s Academic Partner program provides students with hands-on experience with RelativityOne for complex litigation before working on real cases.

“Technology is an indispensable part of any legal team’s toolkit, and it has changed the way we teach and practice law around the world. However, most lawyers’ first encounter with legal technology doesn’t occur until they’re already working in the field,” said Georgia Foster, Managing Director and Vice President of Sales, International at Relativity. “Our Academic Partner program equips the next generation of legal professionals, like those at UNE’s School of Law, with advanced technical skills while still in school, making them more marketable in a competitive job market after graduation.”

The UNE School of Law is Australia’s largest and most experienced online law school with world standard research, allowing students to undertake Australian legal studies while continuing their careers or balancing their personal lives. UNE School of Law’s unique mix of legal scholars, researchers, faculty, and highly regarded legal curriculum, combined with Relativity’s partnership, will enable UNE law students to become RelativityOne proficient prior to joining professional organizations.

“As Australia’s legal landscape evolves, clients expect their legal teams to rapidly adopt and master new technology while also handling complex litigation matters,” said Dr. Anne Fitzgerald, Lecturer at UNE School of Law and Coordinator of the capstone unit, Technology and the Law. “Introducing students to e-discovery theory and legal technology software is an essential aspect of UNE’s Technology and the Law unit. The quality of Relativity’s e-discovery education program was brought to my attention by legal colleague and guest lecturer, Paul Armbruster, who was awarded the Futurist Award at the Corporate eDiscovery Hero Awards in New York in 2020. Relativity’s Academic Partner program offers excellent opportunities for UNE law students to learn and understand the importance of e-discovery in the legal process, and to equip themselves with the practical skills they need to deal with real-world challenges when working in the legal industry.”

As part of the partnership, Gulsun Demirel, UNE School of Law alumna and Community and Customer Enablement Manager at Relativity, will serve as guest lecturer for the program.

“As an alumna of UNE, I am thrilled to showcase RelativityOne to its students as the first university in Australia to receive in-depth training and real-world experience, while sharing my journey into legal technology following my studies,” said Demirel. “RelativityOne is a critical tool for many of the world’s top law firms, corporations, and government agencies as they prepare for litigation in their pursuit of justice. Thanks to our partner program, students can begin their careers with confidence knowing they have the skills to navigate the technology effectively throughout the e-discovery process and jump into legal work immediately.”

Additional information about Relativity’s Academic Partner program can be found here. Universities interested in becoming a Relativity Academic Partner should contact academic@relativity.com.

About Relativity

Relativity makes software to help users organize data, discover the truth and act on it. Its SaaS product, RelativityOne, manages large volumes of data and quickly identifies key issues during litigation and internal investigations. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally primarily in legal, financial services and government sectors. Please contact Relativity at sales@relativity.com or visit www.relativity.com for more information.

About University of New England

UNE is the oldest university in Australia established outside a capital city and is the longest continuous provider of online education. UNE’s primary campus is located in Armidale, a vibrant regional city in the picturesque New England Tableland region of northern New South Wales, with a second campus in Parramatta, Sydney. More than 22,000 students are enrolled in undergraduate and postgraduate coursework and higher degree research programs across fields of study that include arts, humanities, education, health, nursing, business, law, environmental science, rural science, and technology.

PR Newswire

Majority of Arab youth say social media addiction is leading to decline in mental well-being: 15th annual ASDA’A BCW Arab Youth Survey

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DUBAI, UAE, Oct. 10, 2023 /PRNewswire/ — While the Middle East and North Africa (MENA) has among the highest levels of per capita adoption of social media networks globally, a majority of Arab youth say they are struggling to disconnect, and that social media addiction is negatively impacting their mental health.

Three-quarters of Arab youth say they struggle to disconnect from social media
Three-quarters of Arab youth say they struggle to disconnect from social media

These are some of the key findings under the theme, ‘My Lifestyle,’ of the 15th annual ASDA’A BCW Arab Youth Survey, the most comprehensive study of its kind of the Arab world’s largest demographic, its over 200 million youth, conducted by ASDA’A BCW, MENA’s leading communications consultancy.

This year’s survey reveals that nearly three-fourths (74%) of young Arabs are struggling to disconnect from social media. Additionally, about two-thirds (61%) agreed that social media addiction negatively impacts their mental health. 

The findings of the survey were launched at a special event organised by blinx, the new digital media hub focused on youth in the Middle East, to mark the World Mental Health Day. Sunil John, President, MENA, BCW and Founder of ASDA’A BCW, and Nakhle Elhage, General Manager of blinx, discussed the findings.

Asked which social channels are most important to them, 18% said of the respondents said Facebook, followed by Instagram (17%), WhatsApp (16%), YouTube (13%), TikTok (12%), SnapChat (11%), X/Twitter (8%) and LinkedIn (4%).

But most Arab youth (92%) also said big tech companies such as Meta, Apple, Netflix and Google have ‘too much power’. Similarly, an overwhelming majority (92%) said social media companies need to do more to stop disinformation on their sites.

Despite their struggle to disconnect, many young Arabs are swayed by the prospect of fame via social media, reflecting their ‘soft career’ choices rather than pursue challenging jobs in technology, medicine or engineering.

Asked which field they would want to achieve fame, the highest percentage (13%) of Arab youth said they would rather be famous as ‘a social media influencer.’ The respondents had the option of naming multiple fields from over 30 options including careers in industry, education, business, healthcare, tourism, and others.

To be known as chefs, food critics or food bloggers was equally popular (12%) while 11% each said they would like to be known for their humanitarian work or for their contribution to technology.

Social media as top source of news

Nearly two-thirds (61%) of the respondents said they get their news from social media, but this is a significant drop from 2019 when almost 80% of young Arabs surveyed said they get their news from social channels. Television, however, continues to be the second most preferred source of news – named by nearly half of young Arabs (45%).

Television is the most trusted source of news for young Arabs – named by 89% followed by online news portals (79%) and print dailies (76%). Social media influencers are not as trusted with 42% saying they are ‘not trustworthy’.

Announcing the findings, Sunil John, said: “The overt dependence on social media appears to have left many young people living in a bubble, unaware of the socioeconomic realities. With the highest levels of youth unemployment in the world, it is important for the MENA region to channel the energies of these young men and women into vocational training and quality education for the jobs of the future.”

“In the face of intriguing revelations by the ASDA’A BCW Arab Youth Survey, blinx, with its focus on Gen Z and Millennials across the Middle East, finds these insights particularly enlightening,” said Nakhle Elhage. “As we learn more about Arab youth media consumption habits and preferences from the recent survey findings, we, at blinx, are committed to keeping it real and genuine, away from fake news, misinformation, and disinformation.”

ASDA’A BCW commissioned SixthFactor Consulting, a leading research company, to conduct the 15th edition of the Arab Youth Survey. Face-to-face interviews were conducted with 3,600 Arab citizens aged 18 to 24 in 53 cities across 18 Arab states, the largest sample in the survey’s history. All the published findings are freely available with expert commentaries at arabyouthsurvey.com

Young Arabs would rather be a famous social media influencer, chef or charity worker
Young Arabs would rather be a famous social media influencer, chef or charity worker
PR Newswire

Rapyd Study: Nearly 50% of Singapore businesses express need for innovative fintech solutions to address financial challenges

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  • Major payment delays and high costs of cross-border transactions were listed as the main drivers for local companies to seek improved fintech solutions
  • Among those surveyed, 38% have listed payment digitization as a top priority, with another 29% listing it as one of the top priorities

SINGAPORE, Oct. 10, 2023 /PRNewswire/ — A recent study on B2B cross-border payments by global fintech leader Rapyd has revealed that nearly 1 in 2 businesses in Singapore expressed a strong need for innovative fintech solutions to tackle business concerns.

Despite the accelerated adoption of digital payments across businesses and consumers in recent years, there is a consensus among local businesses that fintech solutions can be further improved to better serve their specific needs. While innovations have been made within consumer payments, they have not been carried over to B2B transactions. Many Singapore businesses making B2B payments still rely on expensive wire transfers and slow bank transfers to make and receive payments overseas, hindering the efficiency of cross-border transactions.

In the latest report by Rapyd, titled “2023 State of B2B Cross-Border Payments in Singapore“, Rapyd dove into the payment preferences and obstacles of 100 B2B businesses in Singapore. The Singapore report is part of a larger global research study by Rapyd, which gathered insights from 715 business proprietors and payment decision-makers across key markets, including Brazil, Canada, Germany, Mexico, Singapore, the UK, and the US. The overarching objective of this research study was to assess the prevailing sentiments regarding market conditions, the cross-border payment complexities confronting B2B enterprises, and the potential role of fintech solutions in addressing these challenges.

Singapore businesses maintain confidence on global outlook

Singapore businesses have emerged as cautious optimists when it comes to their perceptions of market conditions. Approximately 60% of respondents from Singapore expressed confidence in prevailing market conditions, indicating a measured level of trust in their business environment.

Moreover, while the majority of the markets surveyed have listed inflation, increasing interest rates, and market volatility as top concerns, Singapore businesses have taken a different stance. They have rated market volatility and economic stability as the least troublesome, highlighting their confidence in Singapore’s position as a robust global business hub. Conversely, local enterprises have identified increasing interest rates (53%) and a reduction in incoming work (43%) as their primary concerns. This indicates that Singapore businesses are closely tracking financial developments and their potential impact on the demand for their products and services.

Figure 1: Rapyd: Business Concerns
Figure 1: Rapyd: Business Concerns

Payments take a toll: Singapore businesses reported biggest delays and costlier transactions

One of the ways for companies to increase their profits and tackle financial anxieties is by improving business efficiency and cutting down on operational expenses. Notably, payment delays have surfaced as a substantial operational hurdle experienced by businesses throughout the markets surveyed. Among the seven markets, Germany and Singapore reported the greatest payment delay. Singapore businesses reported a 2 to 10 days delay, and in many cases, even more than 10 days delay in sending or receiving payments (refer to Figure 2 below).

Figure 2: Rapyd - Delay in Cross-border payments
Figure 2: Rapyd – Delay in Cross-border payments

The delays could be attributed to the fact that a significant portion of Singapore enterprises still lean on traditional wire and bank transfers for making and receiving payments. Many businesses have deep-rooted relationships with traditional banking methods and, as a result, gravitate toward these long-standing practices. The resulting delays add complexities to cross-border business operations, impacting cash flow, supplier relationships, and overall business efficiency. Such delays underscore the critical need for efficient and reliable payment solutions to facilitate seamless cross-border transactions.

Further, the Rapyd research also highlighted that 43% of B2B companies in Singapore incur cross-border fees ranging from US$10 to US$25 per transaction. This rate is above the average observed across the surveyed markets, where approximately 36% of businesses face cross-border transaction fees within the same US$10 to US$25 range.

These elevated costs can hinder growth, limit expansion opportunities, and strain resources, posing a direct challenge to firms striving to capitalize on cross-border commerce and highlighting larger inefficiencies in the system.

Figure 3: Rapyd - Cross-border transaction fees
Figure 3: Rapyd – Cross-border transaction fees

48% of Singapore businesses hope innovative payment technology can solve their challenges 

A growing number of businesses in Singapore today realize the imperative for change. Digitization is no longer a luxury but an absolute necessity. Nearly half – 48% – of respondents from Singapore identified ‘Better Fintech Solutions’ as the paramount factor in addressing their most pressing business concerns. This percentage surpasses any other category in Singapore and demonstrates that B2B businesses in the country prioritize fintech as a way to solve business problems more than their counterparts in any other country surveyed.

Despite Singapore being one of the world’s most advanced payment markets, many B2B businesses have yet to adopt digital payments. This presents a valuable opportunity for these enterprises to collaborate with innovative fintech firms and embrace modern payment solutions to harness the full benefits of Real-Time Payment networks and streamline payment processes to enhance their operational efficiency.

Figure 4: Rapyd - Easing payment concerns
Figure 4: Rapyd – Easing payment concerns

Moreover, Singaporean businesses themselves are displaying a strong commitment to digitization, particularly for expediting payment processes. Approximately 38% of these businesses consider it a top priority, with an additional 29% identifying it as one of their primary objectives. This approach aligns with local government initiatives, which have introduced numerous schemes to encourage businesses to digitize and integrate financial technology into their operations.

Arik Shtilman, CEO, and co-founder of Rapyd, shared the company’s commitment to addressing evolving business needs through innovative fintech solutions. He mentioned, “Our latest B2B cross-border payment report highlights Singapore’s strong confidence in its business environment, while also showing a widespread desire for efficient and cost-effective fintech solutions. We understand how important it is to be efficient and adaptable in today’s ever-changing business world. With our recent addition of card acquiring services to our Fintech as a Service platform in Singapore, we’re doubling down on our promise to provide the innovative fintech solutions Singapore businesses are looking for that will empower them on their payment journey and help them handle payment complexities with confidence and ease.”

In September 2023, Rapyd expanded its offerings in Singapore by introducing a card acquiring solution, enhancing its comprehensive Fintech as a Service platform. This addition equips businesses with a unified and efficient platform for accepting a wide array of payment methods, including credit and debit cards, popular e-wallets such as ApplePay, GooglePay, and GrabPay, bank transfers through PayNow, and the ability to conduct international money transfers to over 190 countries via the extensive Rapyd Global Payment Network. Rapyd’s swift onboarding process and strong payment capabilities enable businesses to quickly access the market, enhance cost-effectiveness, and efficiently navigate complex business models.

About the Study (THE STATE OF B2B CROSS-BORDER PAYMENTS)

In 2023, Rapyd conducted a research study to understand the payment preferences and challenges faced by business-to-business cross-border companies in seven markets. The study includes responses from 715 business owners worldwide. The Singapore report focuses on insights from 100 B2B cross-border businesses located in Singapore. The survey, which was administered online, was targeted at individuals responsible for payment-related decisions within medium (50 to 499 employees) and large-scale enterprises (500 employees and over) spanning diverse verticals and industries.

For the Singapore report, please visit here.

For the full global report, please visit here.

About Rapyd

Rapyd lets you build bold. Liberate global commerce with all the tools your business needs to create payment, payout and fintech experiences everywhere. From Fortune 500s to ambitious business and technology upstarts, our payments network and powerful fintech platform make it easy to pay suppliers and get paid by customers – locally or internationally. With offices worldwide, including Tel Aviv, Dubai, London, Iceland, San Francisco, Miami, Hong Kong and Singapore, we know what it takes to make cross-border commerce as easy as being next door. Rapyd simplifies payments so you can focus on building your business. Get the tools to grow globally at www.rapyd.net. Follow: Blog, Insta, LinkedIn, Twitter.

PR Newswire

TRIBIT Launches a New Bluetooth Portable Speaker, StormBox Flow

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Take the beat anywhere thanks to StormBox Flow’s compact size and 30h battery life

NEWARK, Calif., Oct. 10, 2023 /PRNewswire/ — TRIBIT, a global audio brand, drops the latest crop of StormBox Flow Bluetooth Portable Speaker that takes the music experience up a notch. Equipped with TRIBIT’s proprietary XBass® and RunStretch® technology, this brand-new speaker delivers a remarkable 25W output power and up to 30 hours of playtime. The sleek yet robust design makes it perfect for outdoor activities, like hiking, camping and everything in between.

TRIBIT StormBox Flow Portable Bluetooth Speaker, 25W Louder Sound with XBass, 30H Playtime Outdoor Speaker, IP67 Waterproof, Bluetooth 5.3 & TWS, Custom EQ. Indulge in the TRIBIT StormBox Flow audio experience with distinct vocals and powerful bass like no other.
TRIBIT StormBox Flow Portable Bluetooth Speaker, 25W Louder Sound with XBass, 30H Playtime Outdoor Speaker, IP67 Waterproof, Bluetooth 5.3 & TWS, Custom EQ. Indulge in the TRIBIT StormBox Flow audio experience with distinct vocals and powerful bass like no other.

Small yet Mighty

With the TRIBIT’s proprietary XBass® and RunStretch® technology coming in, the 25W StormBox Flow unleashes the pulsating sound like never before. Better still, users can double up the audio experience by pairing two StormBox Flow to create a one-of-a-kind immersive sound experience.

Music Streaming Day and Night

People wouldn’t normally expect an extensive amount of music playtime from such a compact audio device, but the StormBox Flow Bluetooth speaker is sure to be a pleasant surprise. Packing an incredible 30 hours of playtime and cutting-edge Bluetooth 5.3 connectivity, users will be able to go all day and not worry about signal loss or dropouts.

Head out and Jam out

If users are one of those who love music to bits, then the TRIBIT StormBox Flow is an apt companion. The compact size makes the speaker truly portable to wherever they want. Plus, users are sure to make a splash when they are at the pool or at the beach, thanks to the IP67 waterproof design so they don’t have to stop the music when it’s time to get wet.

Between now and October 14, 2023, get a 20% off promo code when users sign up at www.tribit.com. *Product and service specifications and availability may vary from country to country. Please contact media@tribit.com / support@tribit.com for detailed information.

About TRIBIT

Back to 2017, TRIBIT was born with one singular focus: to inspire outdoor exploration while embracing the beauty of nature and the magic of sound. Just like stepping into a journey where melodies of innovation resonate with your soul, TRIBIT decodes the music mystery with the notes of “do re mi” which echos our brand values.

We strive to make high quality audio accessible to all, orchestrating auditory brilliance. So now turn up the volume on your TRIBIT and treat yourself with better beats! For more information, visit www.tribit.com.

PR Newswire

With nearly 70,000 Units Shipped, Pudu Robotics Leads Global Market as China’s No.1 Service Robot Exporter

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SHENZHEN, China, Oct. 9, 2023 /PRNewswire/ — Pudu Robotics, a global leader in the development, production, and sales of commercial service robots and China’s No.1 ranking commercial service robot exporter, has shipped a cumulative number of nearly 70,000 units as of August 2023, according to the “China Service Robot Industry Research” (the “Report”) published in October by EO Intelligence of EqualOcean. The global sales of Pudu Robotics mainly come from Japan, South Korea, the U.S., Germany, and etc. Covering more than 600 cities in 60 countries and regions, the brand has become one of the largest service robot manufacturers in the world.

EO Intelligence is the professional industry research and consulting service platform under EqualOcean with focuses on forward-looking technology research fields such as AI, big data, and mobile internet. The Report offers insight into the development trends of service robot industry, a sector that’s on the rise with unlimited growth potential – the complementary capabilities of service robots and managing staff can effectively help companies optimize costs, while China’s commercial service robot providers are laying out diverse scenarios with advantages in both technology and pricing.

Global Shipments of Major Chinese Service Robot Manufacturers from Report
Global Shipments of Major Chinese Service Robot Manufacturers from Report

The report points out that in the exploration of overseas markets, Chinese service robot manufacturers have begun to form different patterns from the perspective of global shipment volume. Manufacturers with a global shipment volume of less than 40,000 units are mostly in the startup stage. The companies are just beginning to take shape and are still unable to penetrate the entire industry chain.  For manufacturers with a global shipment volume of 40,000 to 60,000 units, they are in the stage of rapid development. The company’s supply chain system is beginning to take effect, and they have a rich product matrix, and the global market is also expanding rapidly. Manufacturers with a global shipment volume of more than 60,000 units are in the stage of leading the market. The companies possess industry-leading technology and have a complete system of research and development, production, sales, and services.

Leading the global industry with integrated advantages of R&D and customized solutions

Pudu Robotics has two main product lines of delivery robots and cleaning robots as the solid foundation, boasting a diverse portfolio that meets various needs. Its delivery robot BellaBot and cleaning robot PUDU CC1 have won recognition from global customers for excellent performance and user-friendly designs.

Successful products are built on technology and innovation. Pudu Robotics has invested heavily in R&D and independently developed four core components and tackled the full algorithm development for mobile robots, including PUDU OS, PUDU Open Platform, PUDU VSLAM+ and more.

Pudu Robotics offers comprehensive solutions to meet the needs of customers from different industries, it not only provides highly efficient service robot products, but also supports software and services that enable customers to achieve automated, intelligent operations. Its solutions are widely used in the industries of food and beverage, hospitality, healthcare, logistics and more.

“Going global is also about going local, we’re not selling the standard products in the international market, but products, brand, and services that are closely related and inseparable from the local markets, accelerating service robot export has always been one of Pudu Robotics’ key strategies, and by deeply cultivating the two main product lines of delivery and cleaning, we aim to fully satisfy the diversified needs of the market,” said Felix Zhang, founder and CEO of Pudu Robotics.

The market size of commercial service robots has grown robustly in the past few years as a solution to the pain points of service industry. Looking ahead, Pudu Robotics will focus on customized services and scenario-based solutions to transform the business models, driven by technological innovation that continually adapts and expands application scope of service robots.

About Pudu Robotics

Pudu Robotics is a global leader in design, R&D, production, and sales of commercial service robots with nearly 70,000 units shipped in over 60 countries worldwide. The company’s robots are currently in use across a wide variety of industries including restaurants, retail, hospitality, healthcare, entertainment, and manufacturing. Founded in 2016 and headquartered in Shenzhen, China, its mission is to use robots to improve the efficiency of human production and living. For more information on business developments and updates, follow PUDU on Facebook, YouTube, LinkedIn, Twitter and Instagram.

PR Newswire

CrossFund Raises Additional $1.5M in Funding at a $47M Valuation, Establishes Itself as Leading Investment Gateway to the Emerging World

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SINGAPORE, Oct. 9, 2023 /PRNewswire/ — Fintech startup, CrossFund, has raised its fourth funding round in two years from family offices in MENA and Asia, BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, and strategic angels. Founded in 2021 by Ben Cardarelli and Davide Cali, the company has quickly become the equity financing tool of choice for startups in SEA and EMEA with over $40M raised across 80 investments, 15,000 accredited investors, and its first exit to a NASDAQ-listed company. It has also become recognized as a platform for governments to foster innovation and attract FDI through hi-tech startups.

“Having spent nearly 10 years in Asia, we quickly built a strong base of investors and startups here,” says Ben. “These markets we’re in – like Indonesia, India, Vietnam, and Philippines – have large populations, a young, tech-savvy workforce, low labor costs, and an emerging middle class. Our vision has always been to invest early in founders and give people access to valuable startup equity in the economies of the future.”

Ho Chi Minh has become CrossFund‘s strategic base, with the team gaining exclusive access to the most promising startups in Vietnam and SEA. The chance to own equity in international startups with as little as US$5,000, no carry, limited fees, and mentor founders is a value proposition that has resonated with investors.

CrossFund‘s portfolio has grown over 400% in two years and includes an exit, with Edugo’s acquisition. CrossFund‘s portfolio includes high-performers like Clever (APAC), Vulcan (Vietnam), Lipa Later (Kenya), Styched (India), beU (Ethiopia), and Swag Kicks (Pakistan), some of which are raising Series B and backed by leading investors like SOSV, Goodwater, VECTR, i2i, YOLO, YCombinator, and Techstars.

CrossFund‘s success is largely attributed to its use of AI in the vetting, fundraising process, and its Web3 integrations. CrossFund is able to leverage data to rapidly match investors with startups based on sector, stage, geography, areas of expertise, and other granular factors.

“Venture capital is very conservative and traditionally low tech. My background spans over 25 years in IT and I started working with AI in 2002. Our vision was always to leverage technology to disrupt the industry.” says Davide. “The convergence of fundraising with hi-tech is what allows us to scale quickly across different emerging markets.”

With US giants like AngelList, OurCrowd, Republic, and StartEngine having grown into unicorns, backed by VCs like Tiger, SoftBank, and Valor, CrossFund sees similar growth potential in large, emerging markets. US incumbents crave international expansion and are gazing East, seen in Republic’s acquisition of Seedrs and StartEngine’s acquisition of SeedInvest.

“We believe in the rise of Asia and MENA as beacons of innovation,” begins Ben. “Singapore, HK, UAE, and KSA are powerful investment hubs for us. We are leading this vast transition of wealth towards the emerging world and are only at the beginning with what we can accomplish.”

PR Newswire

Monport ONYX 55 Laser The Next Big Threat to Glowforge Dominance

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WASHINGTON , Oct. 8, 2023 /PRNewswire/ — Monport is proud to present the Monport 55W CO2 Laser, also known as the ONYX 55. This state-of-the-art laser engraving machine is designed to meet the needs of creative professionals, whether you’re a beginner or an experienced DIY enthusiast. With its easy-to-use design and array of powerful features, the Monport 55W CO2 Laser is truly a game changer in the world of laser engraving.

Unparalleled Ease of Use
One of the standout features of the Monport 55W CO2 Laser is its user-friendly design. Whether you’re just starting out or already deeply immersed in the world of DIY projects, this desktop laser engraving machine is designed to make the process as smooth as possible. Even if you encounter any issues along the way, our dedicated technical team is available to provide prompt after-sales support.

Versatile and Open Usage
The Monport 55W CO2 Laser offers a wide range of possibilities with its impressive features. The spacious 20″×12″ work area allows you to work on various materials and projects of different sizes. You can even engrave cylindrical objects thanks to the rotary axis attachments. Plus, the 7mm thick pass-through feature enables you to work on longer objects effortlessly.

Advanced HD Camera for Precision
Experience the convenience of the smart HD camera included with the Monport 55W CO2 Laser. With its 5MP high-resolution ultra-wide lens, you can precisely locate the position of the pattern on the material and monitor the machine’s working status in real time. This advanced camera technology simplifies complex engraving tasks and ensures astounding precision in your work.

Compatibility and Longevity
The Monport 55W CO2 Laser is designed to seamlessly integrate with multiple operating systems, including Windows and macOS. You can choose between the provided RDWorks software or opt for LightBurn laser engraver software, which is fully supported. Additionally, the CO2 laser tube boasts a service life of 10,000 hours, ensuring reliability and longevity. Safety is a top priority, as evidenced by the Class I (FDA Certified) safety guard included with the machine.

Top-of-the-Line Configuration
With its top-level configuration, the Monport 55W CO2 Laser sets itself apart from the competition. The powerful 55W output power ensures precise and efficient engraving. The built-in water chiller, air compressor, and air exhaust fan contribute to a quiet and smooth operation. The inclusion of a honeycomb panel and two rotary axis attachments further enhances the versatility and creative potential of this engraving machine.

Safety and Sustainability
At Monport, we prioritize both safety and the environment. The Monport 55W CO2 Laser features a fully enclosed structure design, providing a safe working environment. We have even incorporated an emergency stop button and a built-in limit switch with opening protection to ensure utmost user safety. Additionally, the machine is designed to be eco-friendly, with a Class I (FDA Certified) safety rating and low noise emission.

Exceptional Support and Service
Monport Laser takes pride in providing exceptional support and service to our valued customers. When you order the Monport 55W CO2 Laser, you can expect fast shipping from our US-based warehouses and ultrafast customer service and technical support.

Unlock Your Creativity with the Monport 55W CO2 Laser
The Monport 55W CO2 Laser is the ultimate engraving machine for creative professionals looking to push the boundaries of their artistic endeavors. With its user-friendly design, advanced features, and top-level configuration, this machine empowers you to bring your visions to life. Order your Monport 55W CO2 Laser today and experience the joy of creating personalized and precise engravings like never before.