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PR Newswire

WiMi Developed Mask R-CNN-Based CSO, Reference Point, and Intelligent Extraction Technique

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BEIJING, Aug. 18, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that it developed a Mask R-CNN-based technique for intelligently extracting CSOs (feature space objects) and its reference points brings a breakthrough in the field of high-resolution image processing and matching. The technique utilizes the latest advances in deep learning and computer vision to provide an efficient and accurate solution for automatic image matching and target localization.

High-resolution image processing and matching have been an important research direction in the field of computer vision, but automatic matching has been facing great challenges due to local deformations in images and differences in lighting conditions. Previous methods are often limited by computational complexity and dependence on local features, making it difficult to achieve accurate results. WiMi’s technique can be used to extract CSOs and their reference points on images. With this method, the CSOs can be acquired automatically and provide accurate localization information for the subsequent image matching process.

WiMi’s R&D team successfully solved this challenge by introducing the Mask R-CNN model, a model extension based on Faster R-CNN commonly used for target detection and instance segmentation. The model is unique in that it can simultaneously predict the bounding box, category, mask and key points of a target, providing comprehensive information for image processing tasks.

In this new technique, WiMi first utilizes a large amount of high-resolution remote sensing image data for training the Mask R-CNN model. Through training, the model is able to learn the features of different target instances in the image and accurately predict their bounding boxes, categories, masks and key points. Based on the trained Mask R-CNN model, the technical team further proposes the concept of CSO and the reference point method. CSO refers to target instances with distinctive features, which can be intelligently filtered out by setting thresholds or rules. Reference points, on the other hand, are extracted from CSOs by a mask predictor and a key point predictor, which are used to locate important feature points of target instances.

The technical implementation logic of it is as follows:

Data preparation: first, a dataset of high-resolution remote sensing images for training and evaluation needs to be prepared. The dataset should contain images with different target types and deformation levels.

Model training: the Mask R-CNN model is trained using the prepared dataset. The goal of training is to enable the model to accurately predict the bounding frame, categories, masks and key points of the targets.

CSO reference point extraction: on the trained Mask R-CNN model, intelligent extraction of CSOs and reference points can be achieved by inputting a high-resolution remote sensing image. Definition of CSO: CSO refers to feature space objects, i.e., target instances with distinctive features. Target instances with distinctive features can be filtered out as CSOs by setting some thresholds or rules. Reference point extraction: the mask predictor and key point predictor of the Mask R-CNN model are utilized to extract the mask and key point for each CSO. The Mask Predictor will generate a binary mask for each CSO, which is used to accurately segment the target instance. The key point predictor will predict the key point coordinates of the target instance for locating the important feature points of the target instance.

Application of CSOs and reference points: the extracted CSOs and reference points can be used for a variety of applications, such as high-resolution remote sensing image matching. Depending on the specific application scenario, image matching or other related tasks can be realized based on the location and features of CSOs.

The breakthrough of this technique is that it not only efficiently extracts CSOs and reference points, but also accurately describes the shape and location of target instances. This makes the automatic matching of high-resolution images more accurate and reliable, providing a reliable foundation for subsequent image processing tasks.

The technique brings many important applications and advantages to the field of high-resolution image processing and matching. It can be widely used in the field of remote sensing image processing, such as urban planning, environmental monitoring and resource management, etc. It can help to automatically extract the features of urban buildings, road networks and natural environments, and provide accurate data support for urban planning and resource management. In addition, this technology can also be applied in the fields of security monitoring, traffic management and military reconnaissance, etc. It can help to automatically extract key targets in the monitoring screen and accurately locate them, so as to improve the efficiency and accuracy of security monitoring. In traffic management, the technology can help identify traffic signs, vehicles and pedestrians, providing reliable data support for traffic flow monitoring and intelligent transportation systems.

This technique has achieved remarkable results in related fields and has been widely noticed and recognized. Currently, the technology has been successfully applied to several practical projects with impressive results. For future development, WiMi will continue to strengthen its technology development and innovation, and continuously improve the performance and effect of Mask R-CNN-based CSO and its reference point and intelligent extraction technology. At the same time, the company will actively expand the application areas of the technology, and work with partners from various industries to promote the development of high-resolution image processing and matching technology, and contribute to the progress and development of society.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

OLIVER WYMAN STRENGTHENS INDONESIA CAPABILITIES WITH SENIOR APPOINTMENT

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JAKARTA, Indonesia, Aug. 14, 2023 /PRNewswire/ — Global management consultancy, Oliver Wyman, today announced the addition of Erik Koenen as a Partner based in Jakarta. With his extensive experience in the Financial Services sector, Erik will collaborate with Oliver Wyman’s Southeast Asia leadership team to enhance the firm’s offerings in Indonesia.

This strategic move represents Oliver Wyman’s commitment to further invest in the Indonesian market. Currently serving a diverse range of clients in the Financial Services, Energy and Natural Resources, and Transportation sectors, the firm aims to deepen its capabilities in Indonesia, specifically in the areas of Digital Transformation (including AI and Advanced Analytics), Climate and Sustainability, Business Performance Improvement, and Enterprise Risk Management.

Seo Young Lee, Partner and Head of Southeast Asia, said: “Indonesia’s robust economic growth[1] and promising outlook have driven demand for Oliver Wyman’s expertise as businesses recover from the pandemic. The addition of Erik to the team, at this inflection point positions us well to meet these growing client needs in Indonesia and the region.”

Erik added: “I have always admired Oliver Wyman and its talented people, who approach challenges with humility and focus, to help organizations navigate complex and unprecedented issues. In Indonesia, I aim to further strengthen the firm’s local strategy and commitment to provide insightful guidance, work alongside our clients, and deliver breakthrough impact.”

With over 25 years of experience, including 16 years in Indonesia, Erik has held senior positions in prominent technology conglomerates, consulting firms, and banks. Prior to joining Oliver Wyman, Erik worked at Google Cloud, where he led the technology strategy targeted at the largest population of digital natives in Southeast Asia.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 6,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].  

For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter/X @OliverWyman. 

PR Newswire

Zenerate, Innovative AI Startup, Partners with SoLa Impact to Automate Affordable/Modular Housing Developments

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LOS ANGELES, Aug. 12, 2023 /PRNewswire/ — Zenerate (https://zenerate.ai), an innovative AI startup in the Proptech space, has entered into a strategic partnership with SoLa Impact (https://solaimpact.com/), the leading private real estate developer of affordable housing in California. Zenerate has developed a powerful platform that employs generative design, artificial intelligence and advanced data analytics to optimize the feasibility analysis process for real estate projects, reducing turnaround time and maximizing development returns.

South Korean PropTech firm, Zenerate, partners with a real estate developer, SoLa Impact
South Korean PropTech firm, Zenerate, partners with a real estate developer, SoLa Impact

In a groundbreaking move to revolutionize the affordable housing sector, SoLa Impact has partnered with Zenerate, to streamline and automate the feasibility analysis process for their affordable and modular housing developments. The collaboration brings cutting-edge AI technology to the modular construction industry and dramatically accelerates the speed of planning, configuration, design, and the permit approval process for a wide range of SoLa’s affording housing projects.

SoLa Impact has been at the forefront of addressing the affordable housing crisis in Los Angeles over the last decade, consistently demonstrating its commitment to creating sustainable, community-focused housing solutions. SoLa currently has over 35 projects with almost 3,000 units at various stages of construction, the majority of which are dedicated to affordable housing. With the increasing demand in the affordable segment, the need for swift and accurate feasibility, configuration, and design analysis has become paramount in the real estate development landscape.

Martin Muoto, the Founder and CEO of SoLa Impact, expressed enthusiasm for the partnership, stating, “We are thrilled to collaborate with Zenerate in our mission to dramatically scale the development and delivery of high-quality affordable housing in California. By leveraging Zenerate’s cutting-edge technology combined with our proprietary standardization processes, we can bring significantly more units to market more cost-effectively and more quickly, with the vast majority of our projects to house people that are currently homeless and living in tents. Equally important, these are units that are an order-of-magnitude more energy efficient than the aging housing stock they are replacing. All units are fully electric, use water-efficient fixtures, and have ENERGY STAR-certified appliances, dramatically reducing GHG emissions while providing cost savings to California’s low-income Black and brown communities.”

The integration of Zenerate’s software into SoLa Impact’s modular operations will facilitate data-driven decision-making, allowing for a more efficient and comprehensive evaluation of potential development sites, construction costs, and market demand. By automating the feasibility and design analysis, SoLa Impact’s team will be able to evaluate more sites, repurpose vacant and sub-optimized locations, and build for maximum density and affordability.

The Co-Founder and CEO of Zenerate, Benji Shin, echoed Muoto’s sentiments, emphasizing Zenerate’s commitment to providing housing more quickly and affordably by leveraging Artificial Intelligence, particularly expert systems for code compliance and machine learning for rapid massing, configuration, and design. “We are thrilled to partner with SoLa Impact, whose deep commitment to creating sustainable, scalable, and affordable housing aligns perfectly with our mission. By automating key parts of the feasibility, configuration, and eventually, the permitting process, we aim to enable developers to run thousands of financial and design scenarios instantly, ultimately contributing to the advancement of affordable housing initiatives.”

The innovative approach undertaken by SoLa Impact and Zenerate is expected to have a significant impact on the speed and scale of affordable housing development in California, starting in Los Angeles – the largest affordable housing market in the United States with the most acute homeless problem – and then expanding to other local municipalities, and eventually, other states.

About Zenerate

Zenerate, a member company of Born2Global Centre, is a venture-backed innovative AI startup in the real estate development space, providing consulting services and web-based products for feasibility studies; Z-maps is a real estate development map that weekly updates all the latest projects in Southern California, and Zenerate App is a design automation tool that generates development scenarios with floor plans in real time for feasibility studies. Visit www.zenerate.ai for more information.

About SoLa Impact

SoLa Impact is a family of real estate funds with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in low- and moderate-income communities. SoLa’s proven track record leverages data-driven social impact strategies to deliver superior financial returns. SoLa Impact’s fourth fund, the Black Impact Fund, has invested $1 billion in affordable housing in Southern California. SoLa Impact was ranked as the 7th fastest-growing minority-led private company by Inc. 500 and was awarded the Pension Real Estate Association (PREA) Emerging Manager ESG Award for SoLa’s demonstrated ability to deliver on its commitment to positive changes in environmental, social, and governance (ESG) matters. 

PR Newswire

Patsnap Fully Opens 140 Data Products to Meet Growing Data Service Demands

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LONDON, Aug. 3, 2023 /PRNewswire/ — On AUG 1st, Patsnap, a leading provider of innovation intelligence solutions, announced the full opening of 140 data types spanning three categories —Patent Data, Bio Chemical Data, and Innovation Data. Patsnap aims to cater to critical data service needs in key scenarios such as Company Innovation, Investment Intelligence, and Pharmaceuticals R&D. Users can access these invaluable data products through various delivery methods, including API and Datafeed. Interested individuals can now register for free on the Patsnap Data Open Platform (https://open.patsnap.com) and effortlessly experience these data products online.

This milestone marks a significant leap forward for Patsnap’s data services, unlocking the untapped value and application scenarios that data holds. Bian Fu, Chief Data Officer of Patsnap, emphasized the pivotal role of data in technological innovation, stating, “Data serves as the cornerstone and driving force behind innovation. Our objective is to empower more technology innovators, enabling them to harness the vast array of high-quality data offered by Patsnap to drive productivity, while ensuring data security. Through open data products, we strive to accelerate the development of innovation and business applications.”

Comprehensive Data Types and Extensive Coverage

Patsnap’s data products encompass over 140 data types across three categories, incorporating Patent Data, Bio Chemical Data, and Innovation Data. Notably, Patsnap offers specialized data products such as Patsnap Expanded Family, Patsnap Standardized Assignee, Patsnap Patent Value, Patsnap Classification System, as well as patent litigation, patent licensing data, and patent estimated expiration date data. Additionally, customized data portfolios can be tailored to meet specific enterprise requirements.

The Patent Data covers 178 million patent data entries from 170 global patent offices. It includes legal status data from 108 offices, estimated expiration date data from 138 offices, patent license data from 66 offices, and patent transfer data from 27 offices, among other valuable information.

Bio Chemical Data encompasses 790 million sequences and 490 million nucleotide and protein data points from 80 countries. It also incorporates 220 million chemical structures, featuring multinational chemical approval information and clinical trial data. The collection comprises 73,000 global new drugs, 44,000 targets, 16 million pharmaceutical-related patents, 62 million scientific literature sources, 810,000 clinical trials, and over 870,000 organization data entries.

Innovation Data encompasses 121 million enterprises worldwide, 2.75 million research fund data entries, 4.14 million government funding data entries, 956 thousand market reports, 808 thousand corporate merger data entries, and 22 million news sources, among other vital resources.

Leading Data Processing and Unmatched Quality

Over the years, Patsnap has conducted extensive mining and processing of both domestic and foreign patent raw data. This includes extracting structured fields, images, and PDF files, as well as standardizing key fields such as applicant, number, and address to ensure comprehensive data coverage and association accuracy. As a result, Patsnap has obtained several deeply processed data sets to cater to diverse needs.

The high-quality data products provided by Patsnap owe their excellence to the company’s industry-leading algorithm capabilities. Utilizing computer vision, machine learning, natural language processing, neural networks, OCR recognition, knowledge mapping, and large-scale modeling techniques, Patsnap processes and analyzes various data types. The data quality is thoroughly evaluated across seven dimensions, including accuracy, completeness, consistency, timeliness, compliance, comprehensiveness, and business professionalism. Additionally, Patsnap employs its self-developed Big Data monitoring and alert systems to gain insights, maintain control, and guarantee stability throughout the entire data production process.

Patsnap’s system capabilities ensure robust network security, data security, and personal information protection. The company has successfully obtained ISO27001 certifications in these areas.

Deep Cultivation of Key Scenarios: Investment Intelligence and Pharmaceuticals R&D

As global industries undergo digital transformation, the demand for high-quality data applications in critical scenarios such as Investment Intelligence, Pharmaceuticals R&D, and Cooperative Innovation has witnessed significant growth.

Within the Pharmaceuticals R&D realm, the need for big data support is particularly pronounced in drug target identification and evaluation, as well as in the creation and decision-making processes of new drug R&D projects. By providing pharmaceutical companies with extensive, high-quality data encompassing targets, drug company R&D pipelines, biological sequences, and other pertinent information, Patsnap plays a pivotal role in facilitating breakthroughs in new drug R&D and shortening drug development cycles.

In the Cooperative Innovation domain, Patsnap not only supplies IP data for enterprise self-built big data information centers but also aids companies in achieving their goals of competition monitoring and patent operation through the comprehensive application of diverse data products.

For Investment Intelligence purposes, Patsnap provides data support to investment institutions in areas such as predictive research and signal finding, ESG theme investment, fundamental analysis, stock selection and portfolio building, as well as investment target screening and elimination.

To cater to the diverse data delivery requirements in different scenarios, Patsnap’s data products support multiple forms, including API and data packages. The API option is ideal for self-built system platforms, internal management system enhancements, and scenarios that demand continuous, real-time access to the latest data. Conversely, the data package option supports batch exports and periodic updates of historical data, catering to one-time scenarios such as self-built thematic libraries and subject research that require less frequent updates.

The Patsnap Data Open Platform (https://open.patsnap.com) is now open for free registration, enabling users to easily access and experience the service platform. Following thorough processing, the high-quality and scarce data provided by Patsnap will bridge the gap in the market for insufficiently abundant and high-quality open source data.

Additionally, 13 data products from three series, namely “Global Patent Data,” “Bio Chemical Data,” and “Innovation Data,” have been listed on the Shanghai Data Exchange, its International Board, and the Suzhou Bigdata Exchange, establishing them as integral components of the data element circulation market. Through the release of data products, Patsnap endeavors to unlock the value of data, offer insights, and provide decision support to an increasing number of science and technology innovators, thereby facilitating innovation breakthroughs in the fiercely competitive global market.

PR Newswire

CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China

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SHENZHEN, China, July 29, 2023 /PRNewswire/ — At the Future of Finance China 2023, the prestigious international finance magazine The Asian Banker unveiled the winners of its Financial Technology Awards this year. Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won Best Data Infrastructure Implementation in China in this category.

CIB FinTech and Huawei Jointly Win The Asian Banker's Award for Best Data Infrastructure Implementation in China.
CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China.

The financial industry is currently witnessing tremendous inflation regarding the sheer amount of data it produces, and its value is rising with it. Financial institutions now need to obtain and use data in real time, posing higher requirements on data application, governance, and security.

Based on Huawei Financial Data Intelligence Solution that includes software and hardware products like Kunpeng, Kylin, Huawei Cloud, and data lakehouse, CIB FinTech has built an enterprise-level and all-scenario integrated analysis platform. As a self-service, real-time, and intelligent data service technical foundation, the platform consists of data, scheduling, management, and service sub-platforms. It replaces the original data warehouse system and functions as the new core of the group’s data services, improving data services from four aspects.

  1. Strengthens basic data capabilities
    Based on the large-scale distributed computing architecture, the new analysis platform integrates the batch data warehouse, real-time data warehouse, and IoT data warehouse to achieve high scalability and availability. It increases the number of nodes by 12 times and enlarges the high availability space by 20 times.
  2. Better enables data applications
    By building a low-code development platform, the group has created a full-process visualized data relationship graph. This significantly shortens the learning curve and simplifies application construction, speeding up R&D.
  3. Refines data governance and control
    A precise data map is drawn to accurately trace data sources and evaluate data value. Through multidimensional data management, the group can create forward-thinking data management solutions.
  4. Widens data capability sharing
    The group can give tenants access to data storage and computing capabilities, achieving an elastic supply, which allows its business departments to have an optimal experience in the obtaining and usage of data.

The new platform has laid a solid technical basis for the Industrial Bank to better deal with various businesses.

  • Risk control: The platform improves the key report data supply efficiency by 51%, so tens of billions of transactions can be analyzed in seconds. This helps the head office precisely analyze risks and prevent fraud.
  • Marketing: The bank boasts an optimized precise retailing model to cover tens of millions of customers. By building a closed-loop digital marketing process, its marketing campaigns have billions of person-times of interactions each year.
  • Technology: The reuse rate of public interfaces is improved by 10 times, significantly slashing R&D costs. Currently, more than 300 systems have accessed data services.

CIB FinTech and Huawei jointly reconstructed the enterprise-level data platform. Relying on a digital infrastructure that features self-service control, convergent capabilities, and intelligent O&M, the platform increases data asset value, optimizes data service experience, and transforms operational and profit models of banks, thereby enhancing both the customer experience and operational efficiency.

Huawei dives into the data domain and remains committed to exploring new scenarios, while at the same time collaborating with customers and partners to help financial institutions upgrade data and intelligence capabilities. Leveraging its fully-converged cloud-data-AI-computing Financial Data Intelligence Solution, Huawei accelerates the unleashing of data value and helps financial institutions innovate businesses.

For more information about Huawei Financial Data Intelligence Solution, please refer to https://e.huawei.com/en/industries/finance/data-intelligence

CONTACT: hwebgcomms@huawei.com

PR Newswire

Fluxx Announces Availability of Grantelligence™, First of its Kind Grantmaking Intelligence Platform

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SAN FRANCISCO, July 25, 2023 /PRNewswire/ — Fluxx, the world’s number one cloud-based grants management software solution, is excited to announce the general availability of Grantelligence, a new business intelligence and analytics platform specifically designed for grantmaking. Holistic and self-serviceable, Grantelligence delivers insights to all stakeholders, enabling them to collaborate to grant faster, with more accuracy, using powerful storytelling.

Grantelligence Analytics Solution for Grants Management
Grantelligence Analytics Solution for Grants Management

“We are thrilled to announce Grantelligence to the philanthropic and publicly funded grantmaking communities,” said Kristy Gannon, CEO of Fluxx. “We set out to provide a solution that enables our users to take their data and build stunning visualizations of grant programs, allowing them to easily measure impact, generate accurate, compelling board presentations, and build dashboards that are trusted by all levels in the organization. Grantelligence represents a new way of leveraging data, one that hasn’t been seen in our world before.”

“We developed Grantelligence because grantmakers today generally do not have the proper tools and resources to present their data effectively,” said Fintan Kelly, VP of Product at Fluxx. “Philanthropists and government organizations alike often struggle. It regularly falls to a single person in the organization to act as a gatekeeper – managing time-consuming requests across multiple audiences. Usually, manual efforts are required to consolidate, cleanse, and update various data sources, forcing the organization to rely upon static spreadsheets or cumbersome external tools to deliver insights about the organization, programs, processes, and outcomes.

“And it’s not just this data preparation that is painful,” Kelly said. “Grantmakers today struggle to convey impact effectively. They utilize these static tables – fine for general reporting but not well suited to present data to their boards, governing bodies, and larger communities. The net result – stakeholders often don’t get the facts they need in an easy-to-consume, engaging way. Decisions can be impacted as meaningful insights get missed. And the heroes can go unsung.”

“We chose the name Grantelligence because our tool is specifically designed for grantmaking,” added Gannon. “We employed best-of-breed technology to create a product that works for our customers. This new offering enables grantmakers to make intelligent decisions so they can take action, increase impact, and tell their stories.”

Grantelligence is available worldwide for purchase as a complement to Grantmaker, Fluxx’s industry-leading grants management solution. More information about Grantellience is available at https://www.fluxx.io/grantelligence-grants-management. 

About Fluxx:
Fluxx is the industry-leading cloud-first grantmaking solution. Purpose-built by grantmakers for grantmaking, Fluxx is women-led, a DEI champion, and a Pledge 1% member organization.

More than 400 world-class foundations and government organizations use Fluxx, including 10 of the top 20 foundations, granting more than $15 billion annually and impacting more than 150,000 non-profits. To learn more about Fluxx, please visit https://www.fluxx.io/.

Photo – https://techent.tv/wp-content/uploads/2023/07/fluxx-announces-availability-of-grantelligence-first-of-its-kind-grantmaking-intelligence-platform.jpg

PR Newswire

ePLDT Dominates PH Market with 12th VITRO Data Center

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Demand and anticipation from hyperscalers, CDNs, banks, BPOs, carriers, and national government fuel ePLDT’s expansion

MANILA, Philippines, July 21, 2023 /PRNewswire/ — ePLDT, the ICT subsidiary of PLDT, the Philippines fully integrated telecommunications and digital services provider, is set to further boost its 65% data center market capacity share by building its 12th data center facility. The announcement came during the W. Media Philippines Cloud and Datacenter Convention 2023, where ePLDT President & CEO Victor S. Genuino shared the company’s vision.

The decision to build the 12th data center, according to Genuino, is anchored on customers’ needs and aspirations to deliver digital innovation and promote inclusive economic growth. This also aligns with ePLDT’s vision to enhance Philippines’ regional competitiveness and attract investments post-pandemic.

“We want to be able to help the Philippines be the next hyperscaler hub of Asia while continuing to support the digital transformation journey of different sectors locally. That’s why we’ve been investing heavily in our ecosystem to ensure that our data centers will be a crucial enabler of the country’s digital economy,” added Genuino.

The 12th data center will have a power capacity of no less than 100 MW, further fortifying PLDT Group’s data center market leadership in the Philippines while leveraging on the massive infrastructure investment of the country’s largest telecommunication group.  

In a separate press briefing, Alfredo S. Panlilio, PLDT & Smart, Inc. President and CEO and ePLDT Chairman, explained that the expansion plans are strongly motivated by the growing demand from enterprise customers and hyperscalers, driving the Group’s vision for data center expansion.

Genuino also shared updates on ePLDT’s 11th data center, VITRO Sta. Rosa, which has already garnered significant interest from industry leaders, including hyperscalers, CDNs, banks, BPOs, carriers, and even the national government.

VITRO Sta. Rosa will be the largest and most advanced data center in the country, boasting a 50 MW power capacity. Designed to be Rated-3 Certified and Rated-4 Ready, it is fit to host the most critical and power-intensive IT infrastructure of hyperscalers and enterprises. 

With VITRO Sta. Rosa on the rise and a 12th data center facility underway, ePLDT’s power capacity will increase to around 200 MW once both sites are activated.

About ePLDT  

ePLDT is the industry-leading digital transformation partner of enterprises in the Philippines. Leveraging on the expertise and world-class telecommunication infrastructure of the PLDT Group, ePLDT aims to deliver customized ICT services through its suite of Multi-Cloud and Data Centers, which will enable enterprises to achieve their digital transformation vision.  

For more information about ePLDT, visit epldt.com.  

PR Newswire

Databricks Completes Acquisition of MosaicML

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The combined companies plan to make generative AI accessible to any size organization, enabling them to build, own and secure generative AI models with their data.

SAN FRANCISCO, July 20, 2023 /PRNewswire/ — Databricks, the Data and AI company, announced it has completed its acquisition of MosaicML, a leading generative AI platform known for its state-of-the-art MPT large language models (LLMs). Databricks and MosaicML have a shared vision of making generative AI accessible for all organizations, enabling them to build, own and secure generative AI models, including LLMs with their proprietary data.

“Through this acquisition, we will be able to provide our 10,000 customers the ability to use their own data on the Databricks Lakehouse to train and deploy bespoke LLMs that offer a differentiated experience for their end users. Combining MosaicML with the Lakehouse provides a secure and best-in-class generative AI platform,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “We are excited to welcome the MosaicML team of top AI researchers and engineers to the Databricks family and look forward to collaborating with them to build the future of data and AI.”

“Together with Databricks, we will empower enterprise customers to more securely and cost-effectively build LLMs and generative AI with their own data,” said Naveen Rao, Co-Founder and CEO at MosaicML. “Our team is excited to join the Databricks family and continue innovating for customers and the open source community.”

MosaicML’s product, which enables companies to efficiently build and deploy large AI models on their own data and business processes, will remain available for direct purchase. In the coming months, the Databricks and MosaicML teams will work to make training custom models even more seamless for Databricks Lakehouse customers.

The Databricks Lakehouse Platform, combined with MosaicML’s technology, will offer customers the state-of-the-art generative AI training platform while allowing them to retain control, security, and ownership over their valuable data.

About Databricks
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on Twitter, LinkedIn and Facebook.

PR Newswire

Anthology Announces AI-powered Course Building Tools, New Student Success Features in Blackboard Learn

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New progress tracking, accessibility and course building tools streamline critical processes for instructors and provide key data to unlock learner success 

BOCA RATON, Fla., July 19, 2023 /PRNewswire/ — Anthology, a leading provider of education solutions that support the entire learner lifecycle, announced a host of new features, powered by Artificial Intelligence (AI), designed to help instructors create more engaging learning experiences more quickly and provide granular, easy-to-action insight on learners’ progress. The new capabilities – Accessibility Checker powered by Anthology Ally, Holistic Student Overview, Progress Tracking, and course building tools – are key innovations aimed at improving student success and retention and are the result of significant investment in Learn product development and the user experience.

“From the beginning, our team has been building a Learning Management System that, as part of a broader Anthology ecosystem, delivers meaningful, data-informed experiences that drive student success,” said Jim Milton, Chairman and Chief Executive Officer at Anthology. “This announcement is the next step along that journey, with features that simplify and streamline instructor processes while connecting data from the LMS and across the institution to deliver unprecedented insight.”

Demonstrating the company’s commitment to ethical and responsible use of AI guided by Anthology’s Trustworthy AI Framework – developed in collaboration with Anthology institutions – the new course-building capabilities in Blackboard Learn are designed to provide inspiration to instructors and instructional designers as they develop their courses and allow them to create more engaging learning experiences more quickly. Seamlessly embedded into Blackboard Learn’s workflows, the tools can suggest a possible course structure aligned with its learning outcomes, generate images, suggest test questions and grading rubrics, and drive toward more authentic assessment. The capabilities are opt-in and the instructor is always in control of the content generated.

“Traditionally, the LMS has been a static environment, focused on the management of the learning process,” said JD White, Chief Product Officer at Anthology. “With these new AI-powered features, we are fundamentally changing the equation by providing an experience that can deeply inspire in the pedagogical process. It means instructors can build more engaging courses more quickly.”

In addition to the AI features, Progress Tracking delivers easy-to-action and more granular insight into how a learner is performing, engaging, and progressing in a course, empowering instructors to better understand student engagement and quickly recognise and reach out to any learner needing help. Coupled with Holistic Student Overview – a comprehensive picture of a learner’s performance – Blackboard Learn provides an unprecedented level of insight into a learner’s journey.

All institutions that use Blackboard Learn Ultra will also gain a digital content reviewing tool – Accessibility Checker powered by Anthology Ally. The tool reviews and flags course content with accessibility issues for instructors, allowing them to quickly remediate issues like missing alternative text for images.

Anthology also launched a new digital adoption solution – Anthology Adopt powered by Pendo – to provide institutions with valuable insights and enables administrators to deploy in-app messaging to guide users on features and functionality to improve their overall experience and help drive and scale adoption.

Institutions continue to choose the powerful benefits of Blackboard Learn Ultra. The number of courses taught in Learn Ultra has increased by 50 percent since June 2022 and take-up is increasing at an accelerating pace in 2023. It has never been easier to transition to Learn Ultra with new tools such as the Ultra Adoption Toolkit and bulk course conversion. The planning, change management, and conversion tools – built in partnership with Blackboard Learn institutions, their instructors, and users – together are powering the fastest, most efficient conversion process and can also be utilised by clients migrating from other LMSs.

The AI-powered tools are scheduled to enter testing environments for Blackboard Learn Ultra clients in August and planned for production in September. The features are included for all Learn clients that choose to make them available. Accessibility Checker powered by Anthology Ally, Progress Tracking, and Holistic Student Overview are now available to Learn Ultra institutions globally.

About Anthology

Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for education, business and government institutions at www.anthology.com.

Contact:

Erin Mitchell
Anthology
Erin.Mitchell@anthology.com 

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PR Newswire

Sojern Acquires VenueLytics to Bolster its Platform for the Hospitality Industry

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SAN FRANCISCO, July 11, 2023 /PRNewswire/ — Sojern, the leading travel marketing platform, today announced the acquisition of VenueLytics, the hospitality industry’s most integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform.

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Sojern has long been a direct bookings driver for hotels—providing comprehensive digital advertising solutions that help travel marketers find, attract and convert new travelers, re-activate existing guests to build loyalty, and maximize net revenue per available room (RevPAR). This acquisition expands Sojern’s Travel Marketing Platform to engage across the entire guest journey with VenueLytics’ cutting-edge technology that includes an Artificial Intelligence (AI)-powered virtual concierge, real-time guest feedback and digital reputation management tools, and a guest marketing suite for email and text promotions. VenueLytics’ solutions help marketing, operations, and front-desk teams better serve their guests with less resources required, drive incremental revenue, and maximize profit. With these additional features, Sojern can now help marketers find, attract, convert and engage travelers throughout their journey.

“This is an exciting step forward for our customers as we can empower hoteliers beyond advertising alone, expanding our offerings to be a true end-to-end marketing platform,” said Mark Rabe, CEO of Sojern. “We are dedicated to providing the travel industry with innovative solutions that leverage data, AI and technology to drive results. VenueLytics’ expertise in analyzing, unifying and activating data from various hotel management and marketing systems will allow Sojern to deepen our relationships in hospitality. This addition helps us to advance toward becoming the travel marketing platform.”

One of VenueLytics key customers is Grupo Posadas, the largest hotel company in Mexico with over 180 resorts and hotels. Posadas Director of Quality, Standards and Innovation, Leslie Gomez, commented, “By using VenueLytics AI Concierge throughout the guest journey, Posadas has increased Ancillary Revenue with more than 53K requests over the last 9 months. Our guests satisfaction improved more than 19 percentage points (pp) in NPS (Net Promoter Score) from the guests who had contact with our digital concierge experience.”

By extending its platform with VenueLytics, Sojern can now support hotel marketers with an all-in-one platform that drives guests directly to a property, enables upsell mid-stay, remarketing post-stay, and builds long term loyalty. In addition to the multichannel offerings of Sojern, VenueLytics provides the ability to engage customers in an expanded multichannel network that includes SMS, Email, WiFi, WhatsApp, Facebook Messenger, ChatBot, Alexa, Google Home and other social media and third party apps. This allows Sojern to expand into generative AI with cutting edge tools to drive and optimize booking value for hotels.

VenueLytics Co-Founder and CEO Baskar Manivannan commented, “We have partnered with Sojern for more than a year, and joining forces will strengthen our customer base and reputation while enabling us to offer the hospitality and travel industry a wider and timely range of solutions. With AI, data analytics and personalized multichannel guest engagement at the backbone of what we do, we have a shared vision to empower hotels around the world to drive profitability, and truly elevate guest experience and satisfaction.”

Last month, Sojern announced the latest version of its Sojern Travel Marketing Platform with enhanced AI powered audiences. With this acquisition, it further demonstrates the company’s rigor and success at integrating new technology and scaling it globally. Terms of the deal were not disclosed, but Sojern has reported previously that it is profitable, has driven more than $10 billion in global travel bookings, and serves over 10,000 customers annually around the world leveraging its long-standing AI capabilities.

The acquisition will deepen Sojern’s hotel expertise in North America where VenueLytics has been focused. VenueLytics will now be able to support the global hospitality industry as an extension of the Sojern Travel Marketing Platform. To learn more about how this acquisition can benefit your travel marketing campaigns, please visit Sojern’s website.

About Sojern
Sojern is a leading digital marketing platform built for travel marketers. Powered by artificial intelligence and traveler intent data, Sojern provides multichannel marketing solutions to drive direct demand. More than 10,000 hotels, attractions, tourism boards, and travel marketers rely on Sojern annually to engage and convert travelers around the world.

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