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PR Newswire

New Veritas Research Reveals Nearly Half of Organizations Underestimate Their Level of Risk

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Top risks include data security, economic uncertainty and emerging technologies such as AI

SINGAPORE, Oct. 18, 2023 /PRNewswire/ — Veritas Technologies, the leader in secure multi-cloud data management, today released findings of new research that shows 45% of organizations may be miscalculating the severity of threats to their business. The study, Data Risk Management: The State of the Market—Cyber to Compliance, which polled 1,600 executives and IT practitioners across 13 global markets, provides insights into the most pressing risks, their impacts and how organizations plan to navigate them.

Despite risk factors like interest rates and inflation pressing hard on organizations, ransomware and multi-cloud complexity are also growing concerns for businesses of all kinds. However, when survey respondents were initially asked whether their organizations were currently at risk, almost half (48%) said no. But after being presented with a list of individual risk factors, respondents of all levels recognized the challenges facing their organizations, with 97% then identifying a risk to their organizations.

Notably, 15% of those surveyed did not believe their organizations could survive another 12 months given the risks they currently face. There was a disconnect, however, between the C-suite and those working in the trenches of protecting their organizations’ data, which could point to a communications issue: 23% of senior executives predicted the demise of their organizations in the next year, compared to just 6% of analysts and technicians.

Matt Waxman, senior vice president and general manager for data protection at Veritas, said: “The first step in addressing a problem is recognizing it’s there. When the risks are laid out in black and white, it’s hard to ignore the reality of today’s complex business operating environment. The risks are everywhere and require constant vigilance. While an overwhelming majority of respondents ultimately acknowledged the presence of risks and most said they’re taking steps to address them, the data suggests it may not be enough.”

Clear and present danger

Given the macro landscape and daily news headlines, the survey responses are a clear reflection of the times. Participants identified data security (46%), economic uncertainty (38%) and emerging technologies, such as artificial intelligence (AI), (36%) as the top threats faced by their organizations today from among an extensive list of possible hazards. Traditional threats like competition and a shortage of talent took fourth and fifth place. Geopolitical instability fell even further down the list to seventh place.

AI is proving to be a double-edged sword for organizations. There have been numerous reports over recent months of bad actors adopting AI solutions to create more sophisticated and compelling ransomware attacks on organizations. It has additionally been recognized as a risk factor for businesses who fail to put proper guardrails in place to stop employees from breaching data privacy regulations through the inappropriate use of generative AI tools. Conversely, AI is also tipped to be one of the best solutions for businesses to fight back against hackers since its capabilities can be harnessed to automate the detection of, and response to, malicious activities.

Additionally, 87% of those surveyed admitted they had experienced a negative impact from risks, including reputational and financial harm. When asked which risks had resulted in actual damage to their organizations, data security was again highest, with 40% of respondents attesting to related damages. Economic uncertainty was the second most common risk to have affected organizations, with 36% having been hurt. Damages from competition came in third at 35% and emerging technologies, such as AI, at 33%.

The effects of data security breaches were underscored by the number of organizations who had been hit by ransomware attacks. A sizable majority (65%) said that over the past two years their organizations had been the victims of at least one successful ransomware attack in which hackers were able to infiltrate their systems. Twenty-six percent of those who experienced a successful attack said they did not report it. Breaches that caused a failure to comply with regulatory requirements cost respondents’ organizations, on average, more than US$336,000 in regulatory compliance fines during the last year.

Caught in the crosshairs 

For many respondents, the level of risk is rising. More (54%) were likely to say risks to data security have increased rather than decreased (21%) over the last 12 months. Yet they may not fully appreciate their own vulnerabilities. This perception gap emerges in light of how organizations representing specific sectors assessed their risk versus how their responses were scored via a risk rating scale.

Researchers assigned each respondent a “risk ranking” score based on their answers and what these revealed about their adherence to security best practices. While the public sector ranked as the most at-risk group, just 48% of those respondents rated themselves as being at risk. Similarly, only 52% of respondents from the energy, oil/gas and utilities sector viewed themselves at risk.

Most at-risk sectors

Most at-risk countries/regions

1

Public sector

1

UK

2

Energy, oil/gas and utilities

2

France

3

Media, leisure and entertainment

3

China

4

Construction and property

4

Singapore

5

Manufacturing and production

5

Japan

6

IT, technology and telecom

6

US

7

Business and professional services

7

Australia

8

Financial services

8

Nordics

9

Healthcare

9

DACH

10

Biopharma

10

India

Shoring up their defenses, but are they doing enough?

For organizations aiming to mitigate data security risks, many have increased their data protection budgets as much 30% over the last 12 months. The average data protection and security team size also grew by 21-22 staff members. Eighty-nine percent said staffing levels are now at an adequate level for keeping their organizations secure.

Along with staffing additions, organizations are exploring other ways to fortify their defenses. Despite ranking AI and emerging technologies as a top risk, 68% are looking at AI and machine learning to boost security. Given AI’s dual nature as a force for both good and bad, the question going forward will be whether their organizations’ AI protection can evolve ahead of hackers’ AI attacks.

The research also appears to expose another chink in the armor with more than a third (38%) reporting that they have no data recovery plan in place or have only a partial plan. That presents cause for concern considering nearly half (48%) experienced data loss at least once in the past two years.

Waxman continued: “The caution is for organizations to avoid approaching their data security strategy with a false sense of confidence. The recent spate of high-profile data breaches has proven no organization is immune. If data is like gold dust, guard your treasure. Be prepared with a comprehensive cyber resiliency plan for protecting and recovering your data from edge to core to cloud. Rehearse the plan regularly and recalibrate as needed. Being forewarned is forearmed and by strengthening your data security posture, you can successfully navigate the risks.”

For more survey findings, download the report: Data Risk Management: The State of the Market—Cyber to Compliance.

Research methodology

Veritas commissioned Vanson Bourne to survey 1,600 respondents in August and September 2023 across Australia, Brazil, China, the DACH region, France, India, Japan, the Nordics, Singapore, South Korea, the United Arab Emirates, the United Kingdom and the United States. Respondents held executive or practitioner level positions in organizations of at least 1,000 employees from any sector.

About Veritas

Veritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. 

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners.

PR Newswire

Streamline Your Electronic Component Needs with Easybom

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SHENZHEN, China, Oct. 14, 2023 /PRNewswire/ — Recently, Easybom, a global electronic component search platform, has launched a new feature – the Bom tool. The Bom tool boasts a huge model database, containing tens of millions of model data, which can recommend the best electronic component model selection for users and provide support for other users’ selection. Easybom has always been committed to providing customers with quality services, and the launch of this new feature undoubtedly provides more convenience for engineers and procurement.

Easybom-Bom Tool
Easybom-Bom Tool

Easybom is an excellent communication platform that connects global electronic engineers, procurement, and sales. For engineers, over 300 million original datasheets are available to view and download for free online. In addition, there are over 50 million original cross-reference models for them to quickly find replacement components to solve the problem of hard-to-find or discontinued parts. For procurement, Easybom provides a rich authorized supply channel with product information from over 220 global component manufacturers and authorized merchants. With complete manufacturer’s data, including delivery time and component production status, R&D costs can be effectively reduced. In terms of sales, Easybom updates the procurement information of global electronic components daily, which can quickly quote; it can also update the procurement trends of electronic components in real time to optimize users’ sales strategies.

Here, I will introduce the distributor pricing on the Easybom platform. Easybom offers three subscription package modes, each with its own features. The first is the Basic Package, which is suitable for merchants with less than 200,000 part numbers. This package is affordable, costing $99 per month, $267 per quarter, and $950 per year. The second is the Intermediate Package, which allows for more product uploads compared to the Basic Package, allowing for 1 million part numbers to be uploaded. It costs $199 per month, $537 per quarter, and $1910 per year. The third is the Advanced Package, where merchants can add 2 million products. This package can meet larger operational needs, costing $299 per month, $807 per quarter, and $2870 per year.

Easybom’s subscription packages are flexible and diverse, able to cater to businesses at different stages with various needs. As demonstrated by our newly launched Bom tool, Easybom is constantly innovating to meet a variety of user needs. We welcome globally renowned electronic component distributors and manufacturers to join the Easybom platform and share the boundless opportunities of the global market.

PR Newswire

Huawei Launches the F5.5G-Oriented All-Optical Target Network Architecture for Three Phases

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DUBAI, UAE, Oct. 13, 2023 /PRNewswire/ — During UBBF 2023, Richard Jin, President of Huawei Optical Business Product Line, delivered a keynote speech entitled “Bring F5.5G to Reality: Milestones on Our Way to Intelligent World”. In the speech, Richard proposed the concept of three-phase network construction for the first time. Specifically, there are three driving forces for network development, that is, video (100Mbps network), experience (1Gbps network), and intelligence (10Gbps network). Against this backdrop, Huawei launched the F5.5G-oriented three-phase all-optical target network architecture — all-optical coverage for 100Mbps home broadband, all-optical connections extending 1Gbps to each room, and all-optical computing for 10Gbps Everywhere. The three-phase construction of the all-optical target network can meet the network connection requirements of hot services in each phase, bringing F5.5G into reality and striding towards an intelligent world.

Richard Jin delivering his keynote speech at UBBF 2023
Richard Jin delivering his keynote speech at UBBF 2023

Phase 1: Video-Driven, All-Optical Coverage for 100Mbps Home Broadband

With the continuous improvement of video resolution and the rapid popularization of video interaction and immersive XR, the bandwidth is upgraded from 10 Mbps to 100 Mbps and 1000 Mbps. In this phase, HD video and video interaction become the major driving force to realize the goal of building an all-optical network with a 100 Mbps home broadband rate. Operators need to fully move towards FMC, and replace cooper lines and cables with FTTH all-optical network. Serialized AirPON can accelerate FTTH construction and support GPON and 10G PON compatibility, enabling rapid provision of gigabit services in hotspot areas. Meanwhile, operators need to deploy OTN to metro aggregation layer, and build 3D-mesh 400G ready backbone networks, supporting non-blocking bandwidth and zero video lagging. Typical technological innovations in this phase include FlexPON, DQ ODN, and high-performance 400G.

Phase 2: Experience-Driven, All-Optical Connections Extending 1Gbps to Rooms

With increasingly diversified digital applications, fibers are extended from living rooms to bedrooms, studies, and kitchens, enabling click-and-start applications and delivering an immersive network experience. All these developments pose higher requirements on network coverage, bandwidth, latency, and roaming. In this phase, users are willing to pay for a more premium home network experience. Therefore, End-to-end (E2E) service experience assurance becomes the key to achieving the goal of all-optical connections and 1 Gbps extending to each room. Operators need to upgrade 10G PON to fully deliver gigabit services, introduce fiber-to-the-room (FTTR), metro 100G OTN to CO, backbone 400G non-blocking ultra-broadband. Typical technological innovations in this phase are FTTR, metro pooling WDM, and the intelligent network management and control system.

Phase 3: Intelligence-Driven, All-Optical Computing for 10Gbps Everywhere

AI accelerates content manufacturing and promotes the intelligent transformation of industries. To cope with traffic surges and migration of massive data to the cloud, a computing-centric network is required to provide bus-level connection capabilities. Similar to the CPU, bus, and accessories of a computer, the computing power and storage of the data center (DC) need to exchange information with end-users in real time through a high-performance network to achieve the goal of all-optical computing for 10Gbps Everywhere.

In this phase, the FTTR-based all-optical home bus supports connect-and-play of IoT devices and integrates connection, sensing, computing, and storage capabilities for 10Gbps throughout the house. In addition, the all-optical cloud bus based on 50G PON and 800G OTN implements all-optical one-hop user-DC or DC-DC connections. Typical technological innovations in this phase include 50G PON, metro OTN completely to CO, and backbone 800G. In addition, OTN needs to be designed for DC scenarios. Upon this, Huawei launched Kepler, the next-generation OTN platform, delivering more than 100T single-subrack switching capacity. Leveraging new materials and structures, Kepler reduces power consumption per Gbit by 65%, and the power usage effectiveness (PUE) to 1.2. It also provides intelligent computing units to comprehensively improve connection efficiency.

The three-phase all-optical target network can ensure parallel evolution and smooth upgrade from F5G to F5.5G. According to Richard, “Operators need the most appropriate all-optical target network construction solution in different development phases. So far, 100Mbps has changed the content, 1Gbps is changing the broadband experience, and 10Gbps will change society. Let’s work together to bring F5.5G into reality and stride towards an intelligent world.”

PR Newswire

Supermicro highlights AI as next industrial revolution; foundation of new era lies with digital data creation, storage, and processing

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TAIPEI, Oct. 12, 2023 /PRNewswire/ — In 2024, the semiconductor sector will face several major changes. At the forefront of these changes are innovations in high-performance computing (HPC) and AI server supply chains. DIGITIMES will spotlight these transformations at the “2024 Next-Gen Intelligence Symposium” on November 3, 2023. The event will feature insights from DIGITIMES’ senior analysts and industry experts from Supermicro, with the aim to offer a deep understanding of Asia’s supply chain dynamics and the evolving tech landscape.

Credit: DIGITIMES
Credit: DIGITIMES

Alok Kumar Srivastav, a senior solutions manager at Supermicro, will speak at the event. He’s mainly responsible for businesses related to AI, machine learning, and HPC. He will discuss how AI is at the tipping point of transforming industries in his keynote titled “Ushering in a New Era of AI with Modern Building Blocks.”

In a recent interview with DIGITIMES Asia, Srivastav discussed the fundamental modern building blocks that are enabling AI, what industries are already adopting AI, balancing between key partners like Nvidia, Intel, and AMD, and how AI will affect the server/infrastructure industry and beyond in the future.

The digital era is the cornerstone of the AI

Srivastav pointed out during the interview that the key technologies pushing AI into a new era are digitalization, storage, and accelerated computing, and Supermicro’s solutions cover all of its customers.

All of these are related to the one true foundation of AI: digital data. The one requirement for AI to work is a well-trained model, and a well-trained model needs a lot of digital data.

The digitalization helps fulfill the first step of this process. The recent digital explosion meant that we were creating a lot more data. In fact, according to Srivastav, over 90% of existing data in the world was generated in the last 2-3 years.

Once the digital data is created, Storage technology is mature enough to handle this massive amount of new data accordingly at different stages of its life cycle.

The final and most crucial is accelerated computing capability. Advancements in modern computing capabilities have enabled corporations to process and convert complex digital data into meaningful insights.

A cross-industry phenomenon

As with the industries that are looking to or have already adopted AI, Srivastav listed a long list of industries that are already under Supermicro’s umbrella. These industries include automotive (esp. EVs), cloud computing (that caters to specific types of workloads), energy (oil/gas), financial, healthcare, higher education, media and entertainment, the public sector, HPCs, telecommunications, and more.

While Srivastav declined to name a specific company, he ensured that these are all major corporations that are leaders in their respective industries. When it comes to volume, he mentioned that because of the demand for new infrastructure due to the emergence of cloud computing, almost all these major corporations are procuring “thousands of computing units from Supermicro.”

Achieving a balance between key partners

One of the more interesting parts of Supermicro’s business is that it’s agnostic and works very closely with key partners like Intel, Nvidia, and AMD, companies that are actively competing against each other in the same sector. When asked about this, Srivastav admitted that keeping pace with the innovation and progress of all three companies is not an easy task.

“Supermicro’s DNA is first-to-market, and we want to be first for all of our state-of-the-art products and all of our customers,” he stated.

‘The Fourth Industrial Revolution’

Regarding the future direction of the industry, Srivastav pointed out that advancements in AI technology have resulted in lower error rates and have allowed more and more corporations to become more accepting of this technology.

All of this will lead to something they referred to as “the fourth industrial revolution.” This revolution will be powered by two main technologies: AI and IoT. The change and impact of this revolution will be so profound that it will affect all industries in the world, be it design or manufacturing. It’ll no longer be “if” you want to adopt AI but rather “when and how soon” to adopt AI to survive in the modern marketplace.

Srivastav stated that AI will become like electricity; so widely adopted and accepted that you won’t even question its existence. You will come to accept it as part of your day-to-day life. In fact, there are already many instances of AI use in our daily lives (such as autocomplete) that we just don’t realize. We are already consumers of AI.

If you would like to attend the 2024 Next-Gen Intelligence symposium in person on Nov 3, 2023, Please Register now!

Alok Kumar Srivastav, senior solutions manager at Supermicro. Credit: Supermicro
Alok Kumar Srivastav, senior solutions manager at Supermicro. Credit: Supermicro

Media contact: joyce.siow@digitimes.com

PR Newswire

Tuya Smart to Unveil its Enhanced IoT Technologies and Ecosystem at TUYA Developer Summit in Hong Kong

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NEW YORK, Oct. 7, 2023 /PRNewswire/ — The TUYA Developer Summit will be held on October 14th at the Hong Kong Convention and Exhibition Centre. At this Summit, Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, will discuss the future direction and application trends of IoT technology with developers from all over the world with the theme of “The Future Reimagined: Go Beyond Smart”. The summit aims to promote greener, smarter and highly-efficient development of various industries.

So far, the TUYA Developer Summit has been successfully hosted in Shenzhen and Zhongshan in China. The summit’s first overseas stop in Singapore attracted hundreds of developers. To help developers fully understand the summit in Hong Kong, and to accelerate communication and cooperation on site, Tuya has prepared the following highlights for global developers.

Highlight 1: Based on the advantages of Hong Kong’s IoT industry, Tuya will accelerate the speed of smart upgrading in the Asia-Pacific region

As an international financial center, and one of the largest in Asia, Hong Kong unveiled its Smart City Blueprint in 2017. It proposes to build Hong Kong into a world-leading smart city, to improve the effectiveness of urban management with innovative technologies, and to promote Hong Kong’s sustainable development. In 2020, Hong Kong launched the Smart City Blueprint 2.0, further refining plans to build an upgraded version of Smart Hong Kong.

With the development of cutting-edge technologies such as IoT, AI, and big data, the construction of a smart city in Hong Kong has achieved important results. Digital Market Outlook data shows that the scale of Hong Kong’s IoT consumer market is gradually expanding, and it is estimated that the size of Hong Kong’s smart home market will reach US$ 215 million in 2025.

Hong Kong’s deep industrial heritage and technological advantages will undoubtedly provide a fertile cradle for the development of IoT. Based on Hong Kong’s pivotal role in leading smart transformation of industries in the Asia-Pacific region, the TUYA Developer Summit will efficiently integrate the upstream and downstream resources of Hong Kong’s IoT industry, enable developers to bring forth plentiful smart hardware products and scenario solutions, and then take Hong Kong as the hub to radiate and influence the entire Asia-Pacific region to further promote the sustainable development brought by IoT.

Highlight 2: Tuya will attend the Hong Kong Electronics Fair Autumn Edition (hereinafter called Autumn Electronics Fair) and work with developers to promote smart energy development

During the TUYA Developer Summit, Tuya will also participate in the Autumn Electronics Fair organized by the Hong Kong Trade Development Council (HKTDC), with the theme of “Connect the World, Shape the Future of Energy”, bringing Tuya’s latest progress in the field of smart energy to global consumers, enabling customers to create green and low-carbon innovative solutions to help achieve energy conservation and efficiency. Tuya’s booth number is 1F1B-B02.

With a history of 42 years, the Hong Kong Fair is the world’s largest trading platform for electronic products, bringing together thousands of exhibitors from many countries and regions around the world to jointly display various smart technologies, startup products, and cutting-edge electronic components and technologies. It is the best choice to explore new markets and promote brands.

With the bridge built by the Autumn Electronics Fair, Tuya will further work with global developers to jointly build a smart energy ecosystem and accelerate the implementation of global sustainable development.

Highlight 3: Focusing on smart device interaction, Tuya AI assistant will make a blockbuster appearance

Developers are looking forward to the application of AI in smart homes due to the innovation brought by AI technology. At this Summit, Tuya will demonstrate its latest progress in AI interaction.

Tuya is working to build a home AI assistant that can more intelligently help end-users interact in scenarios such as the smart control of home devices. For example, by talking with smart control devices, creating timed tasks, suggesting lighting environment settings based on learning, entertainment, and other scenarios, and calculating energy consumption at home, end-users can fully enjoy the beautiful moments of life.

In addition, in terms of interaction methods, Tuya-enabled smart speakers will also usher in breakthroughs, such as supporting the sending of custom interactive voices to provide end-users with a more convenient and comfortable operation experience.

More interactive experiences and capability upgrades brought by AI will be “unlocked” at the Summit.

Highlight 4: Energy-saving solutions are upgraded, and more new capabilities are expected

As the concept of low-carbon life gradually becomes trendy, coupled with the impact of major trends such as the energy crisis and carbon neutrality in the Asia-Pacific region and the rest of the world, have begun to explore green and low-carbon development paths.

At this Summit, Tuya will introduce some new features for its home energy management system, such as providing the ability to set energy-saving scenarios through one-click on Apps, which has greatly improved the accessibility of energy-saving strategies.

On the other hand, Tuya’s Cube Solution is expected to launch corresponding zero-carbon solutions for the energy-saving needs of vertical industries, enabling customers by industry to establish a circular carbon economy model in the ESG era and achieve zero-carbon transformation.

Highlight 5: Top figures join forces to talk about a sustainable future

At this Summit, Tuya has specially invited several senior executives of leading global technology companies and associations including Alexa, Google Cloud, ABB, CLP Digital, Hong Kong Green Building Council, Momax Hong Kong, German Pool, etc., as well as industry experts, all of whom are confirmed to be present.

Many big names will gather together to discuss the latest trends and future development of the industry through exciting keynote speeches and roundtable forums centered on IoT, AI, and other cutting-edge topics.

In addition, to enhance developers’ experience, each time Tuya will display its enabled hardware products, solutions, etc. for developers and bring the latest technology and products in response to Hong Kong’s IoT market demand, showing consumers the charm of technology.

In the era of the smart connection of all things, IoT technology has become the new engine of the next wave of the industrial revolution. As an IoT industry leader, Tuya is expected to fully stimulate the vitality of the IoT industry and expand more business opportunities through the TUYA Developer Summit in Hong Kong and the Autumn Electronics Fair.

PR Newswire

One half-day of training using a few hundred dollars yields similar results to mainstream large models, open-source and commercial-free domain-specific LLM solution

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SINGAPORE, Oct. 1, 2023 /PRNewswire/ — Recently, Colossal-AI built a remarkable domain-specific large language model (LLM) by utilizing only a few hundred dollars training costs. It can be readily applied across various domains, facilitating the economical construction of large AI models.

The solution is accessible without any commercial restrictions, with complete transparency extended to the entire training process, code, and model weights.

Technical details, open-source code and weights are available at : https://github.com/hpcaitech/ColossalAI

Bridging from any general large models to any domain-specific large models with only a few hundred dollars.
Bridging from any general large models to any domain-specific large models with only a few hundred dollars.

Performance

Colossal-AI’s model not only enhances Chinese language capabilities but also further refines its proficiency in English. Remarkably, it exhibits performance levels that rival state-of-the-art (SOTA) models of similar scale within the open-source community.

In conjunction with this, Colossal-AI offers the comprehensive evaluation framework, ColossalEval, facilitating cost-effective reproducibility.

In addition, fine-tuning through methods like SFT and LoRA has limitations in effectively infusing knowledge and capabilities from the base model. It doesn’t satisfactorily meet the requirements for constructing high-quality domain-specific knowledge or specialized model applications.

Bridging from General Large Models to Domain-specific Large Models

More importantly, the creation of a Chinese version not only offers the advantage of reusability but also carries significant importance in real-world implementation scenarios.

It’s widely recognized that the cost of pre-training large AI models from scratch is exorbitant, often humorously referred to as a domain accessible only to those with “50 million dollars” to spare.

Many tech giants and AI startups are eager to invest heavily in building large general-purpose models. However, behind the generality of these large models often lies a lack of domain-specific knowledge. Consequently, the issue of practical applicability becomes particularly serious.

If a domain-specific large model can be rapidly and cost-effectively constructed, followed by fine-tuning for specific business needs, it would undoubtedly advance the deployment of applications, providing a competitive advantage.

Applying the above process to perform knowledge transfer in any field allows for the cost-effective construction of lightweight domain-specific foundational large models.

For constructing foundational large models from scratch, one can also draw inspiration from the aforementioned experiences and Colossal-AI’s cost-reduction and efficiency-enhancing capabilities to efficiently achieve this goal at minimal cost.

Colossal-AI System Optimization and Cloud Platform

The impressive performance and cost advantages are built upon the foundation of the low-cost AI large model development system, Colossal-AI.

Colossal-AI leverages efficient techniques to reduce the costs of large AI models training, fine-tuning, and inference. It has collaborated with numerous Fortune 500 companies and other well-known enterprises.

To further enhance the efficiency of large model development and deployment, Colossal-AI has been upgraded to the Colossal-AI cloud platform, which is now in public beta, and registration will provide you with vouchers.

Colossal-AI Cloud Platform: platform.colossalai.com

Colossal-AI Open Source Address: https://github.com/hpcaitech/ColossalAI

About HPC-AI Tech

HPC-AI Tech is a startup headquartered in Singapore. Its flagship product, Colossal-AI, is a versatile deep learning system designed for the era of large AI models. It enables efficient and rapid deployment of large AI model training and inference, resulting in significant cost reduction for large AI model applications. HPC-AI Tech raised 22 million USD in Series A Funding in July 2023.

For media inquiries or more information, please contact:

contact@hpc-ai.tech

Source: HPC-AI Technology Inc.

PR Newswire

Dongying’s State Grid Leads the Charge in Sustainable Energy, Setting New Standards in Hekou District’s Low-Carbon Evolution

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DONGYING, China, Sept. 30, 2023 /PRNewswire/ — The recent advancements of State Grid Dongying Power Supply Company in renewable energy infrastructure development have taken the spotlight in a CCTV+ video segment.

In its latest green energy push, the state-owned power supplier has set ambitious renewable energy targets for the saline-alkali regions of the Yellow River Delta. Their holistic approach spans a spectrum of initiatives, from eco-friendly industrial energy parks and innovative aquaculture systems to efficient energy chains and circular farming methodologies.

Central to their strategic roadmap is their involvement in aquaponics, the creation of zero-carbon energy stations, and a pivotal role in the Yellow River Basin Science and Technology Yard—a hub bridging knowledge and practice to foster technological innovation and exchange.

Furthermore, the firm is investing in a big data platform that seamlessly melds intelligent agricultural techniques with optimized energy consumption, all while integrating state-of-the-art charging systems for electric farm machinery.

These concerted efforts underscore the company’s unwavering commitment to driving a clean, low-carbon energy shift and fostering rural revitalization.

Tangy Solar’s 500 MW fishery-photovoltaic initiative stands out as a flagship project. Nestled in Dongying’s northernmost Hekou District, the region is a hotspot for renewable energy resources. Boasting a 214-kilometer (133-mile) coastline facing north along the Bohai Sea and covering a vast expanse of 65,000 acres of saline mudflats, Hekou is geographically blessed. With its year-round steady winds and an impressive average of 2,715 sunshine hours, it’s a prime location for such an ambitious endeavor.

Tangy Solar's 500 MW fishery-photovoltaic complementary project in Hekou District's Blue Economic Development Zone, Dongying.
Tangy Solar’s 500 MW fishery-photovoltaic complementary project in Hekou District’s Blue Economic Development Zone, Dongying.

“This project isn’t just about using resources wisely—it’s about maximizing the benefits. When you stack it up against regular sea farming, we’re looking at returns that are over 30 times higher,” remarked Chen Qi, the project’s maintenance overseer. Qi exuded confidence in the project’s future valuation.

Ding Yufeng and Hu Zhiyong, maintenance specialists from the State Grid Dongying Power Supply Company, recently conducted an on-site inspection of the power station's operations.
Ding Yufeng and Hu Zhiyong, maintenance specialists from the State Grid Dongying Power Supply Company, recently conducted an on-site inspection of the power station’s operations.

For years, the State Grid Dongying Power Supply Company has strengthened its commitment to environmental stewardship. Standing firmly behind grid-connected renewable energy and the seamless transmission of clean power, the company has invested significantly in research and development. Their focus on low-carbon technologies, from the inception of grid construction to its daily operations, sets a noteworthy standard.

This dedication has established a balance between green grid development and ecological conservation, laying the groundwork for a greener China. Indeed, the pathway to a sustainable future is lined with eco-conscious, low-carbon strategies. As of August 2023, Dongying’s renewable energy capacity has reached an impressive 5.945 gigawatts (GW), clinching the fifth spot in the Shandong province rankings.

As the city’s renewable sector continues its ascent, it plays a crucial role in advancing China’s dual-carbon objectives. Dongying’s unwavering focus on clean energy and environmental preservation remains a beacon of its commitment.


PR Newswire

2023 Global Business and Law Conference held in Beijing

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BEIJING, Sept. 24, 2023 /PRNewswire/ — The 2023 Global Business and Law Conference was held in Beijing on the evening of September 22. At the opening ceremony, former Canadian Prime Minister Jean Chrétien, and WTO Deputy Director-General Zhang Xiangchen delivered video messages. Wang Binying, WIPO Deputy Director-General; Shoichi Okuyama, President of the AIPPI; and Marcelo Vazquez-Bermudez, First Vice-President of the International Law Commission (ILC), delivered speeches at the venue.

Ren Hongbin, CCPIT President, presided over the opening ceremony and issued Beijing Declaration of the Global Business and Law Conference on behalf of participants. The Declaration features: safeguarding the multilateral trading system and advancing the global governance reform; strengthening the role of the rule of law and stimulating enterprise innovation; deepening international exchanges on rule of law and fostering global business cooperation; improving international economic and trade rules and optimizing business environment; gathering global forces to achieve common prosperity.

At the main forum, Tao Kaiyuan, Vice President of the Supreme People’s Court; Zhang Mingqi, Vice President and Secretary-General of China Law Society; Wu Pengyi, Permanent Secretary of Singapore’s Ministry of Law and Second Permanent Secretary of the Ministry of Foreign Affairs; John Denton, Secretary-General of the International Chamber of Commerce (video), and Teresa Cheng Yeuk-wah, former Hong Kong Justice Secretary, delivered keynote speeches. Yu Jianlong, Vice President of CCPIT, presided over the forum. Huang Jin, President of the Chinese Society of International Law; Stephan Wernicke, Chief Legal Officer of the Association of German Chambers of Industry and Commerce; Sheng Leiming, Vice President of All China Lawyers Association; Zhang Jinwei, Vice President of Alibaba Group; and C.M. Chan, President of the Law Society of Hong Kong, entered into discussions around the theme to promote the construction of an open world economy.

Approximately 500 people attended offline, including representatives of international organizations such as the WTO, the WIPO, the ILC, and the AIPPI, representatives of government departments of Canada, Germany, Singapore, representatives of envoys in China, Chinese and foreign legal service organizations, business associations, and enterprises, and local and industry trade promotion associations. Representatives from over 30 countries, including Egypt, Thailand, India, Japan, Turkey, Switzerland, Germany, Denmark, Britian, France, Belgium, Italy, and the U.S., attended online.

Three parallel forums themed “strengthening law-based protection for innovative development”, “leveraging rule of law to foster business cooperation” and “improving international rule of law and leading the change of the times” will be held on September 23.

PR Newswire

HUAWEI eKit Joins Hands with Distribution Partners to Explore Unlimited Opportunities in the SME Market

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SHANGHAI, Sept. 21, 2023 /PRNewswire/ — During HUAWEI CONNECT 2023, Huawei held a distribution business session titled “HUAWEI eKit, Digitalization for Success”, outlined its approach to the distribution business: focus on distribution partners (DPs), stay subcontractor-centred, and help global DPs to keep developing the SME market through continuous innovation and competitive products & services. In addition, Huawei launched 17 new distribution products for domains such as campus networks and data storage, providing comprehensive solutions for SMEs.

HUAWEI eKit, a sub-brand designed for the distribution business under Huawei, strives to better serve the digital needs of SMEs, help DPs develop their businesses, and expand opportunities in the SME market.

Wei Xianbin, Director of Huawei Enterprise BG Distribution MKT & Product Sales Dept, explained that HUAWEI eKit has established a complete DP system and maintained a healthy market. By marketable distribution products and IT tools, HUAWEI eKit can assist gold and elite DPs in serving lower-level installers and meet the business needs of countless SMEs, it has carried out distribution business in 41 countries and regions outside of China, and 125 partners have registered as gold DPs.

Products outside China
Products outside China

HUAWEI eKit is dedicated to developing distribution products that are easy to buy, sell, install, maintain, learn, and use for various business scenarios in the SME market. It has developed a wide range of products, including intelligent collaboration, wired and wireless networks, IP + optical access networks, storage, and IT platforms. During the first half of 2023, HUAWEI eKit had launched 31 products. At the session, HUAWEI eKit launched another 17, which includes the eKitEngine S220 and S310 series, L2 and L3 switches that support full 10GE uplink and Perpetual PoE; eKitEngine AP160, a wall plate AP that is 8 mm thin and supports the unique DVFS technology; and other new products that support SAN/NAS hybrid storage. By the end of the year, HUAWEI eKit will have more than 50 distribution products, which can be rearranged into solutions for over 30 typical scenarios.

In the future, HUAWEI eKit will continue to design marketable products that are easy to use, create a stable channel system, build a healthy market. HUAWEI eKit will help DPs develop subcontractors and installers. Together with partners, Huawei will drive the development of the SME market.

For more information, please visit https://ekit.huawei.com/#/ekit/home?countryCode=Global&lang=en   

Contact
hwebgcomms@huawei.com 

PR Newswire

STL starts to ‘Make in America’ with its next-gen Lugoff OFC facility

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  • Inaugurated by Hon. Henry McMaster, Governor, South Carolina
  • $56m USD investment
  • Commitment to drive US rural broadband build and enable the BEAD vision

COLUMBIA, S.C. and LONDON and MUMBAI, India, Sept. 16, 2023 /PRNewswire/ — STL (NSE: STLTECH), aleading global optical and digital solutions company, today formally announced the launch of its state-of-the-art manufacturing facility in Lugoff, South Carolina – The Palmetto Plant. Named after the state tree of South Carolina, this facility, also designated as STL’s North American Headquarters, symbolizes STL’s commitment to the US market.

The Palmetto Plant was inaugurated by Hon. Henry McMaster, Governor of South Carolina, in the presence of government dignitaries, key customers, and representatives from the local Chambers of Commerce.

This strategic investment and expansion efforts in the U.S. further reinforce STL’s commitment to the Make in America vision. Addressing the market demand for 5G, FTTx, and the push for rural broadband, The Palmetto Plant, spanning over 168,000 sq. ft will specialize in future-ready optical solutions, including high fiber count cables with smaller diameters. The emphasis will also extend to pioneering designs, notably high-capacity ribbonized cables and ruggedized designs for rural deployments. To help operators tackle the industry-wide skills shortage, the new Lugoff facility is also prioritizing optical connectivity products that are simple to deploy, monitor, and maintain. Additionally, comprehensive on-site testing aligned with industry-standard GR20 guidelines ensures the high quality and reliability of its products.

STL Palmetto Plant Launch in South Carolina, US
STL Palmetto Plant Launch in South Carolina, US

STL has committed to being Net zero by 2030. Following in the footsteps of STL’s other global manufacturing units, the Lugoff facility also aims to achieve zero waste and reduce energy consumption progressively.

The Palmetto Plant employs over 150 people, including skilled manufacturing associates and seasoned industry specialists leading the company’s North American operations.

“The inauguration of STL’s manufacturing plant marks a significant stride forward for our state’s broadband efforts and will provide new opportunities for our people in Kershaw County,” said Governor Henry McMaster. “South Carolina has built a national reputation as a leader in broadband expansion, and with STL establishing operations in South Carolina, that reputation will only expand.”

Excited about this significant milestone, Paul Atkinson, CEO, Optical Networking Business at STL, said: “Our new cable plant in Lugoff, South Carolina, is a testament to our commitment to the US market and our customers in North America. This facility mirrors our ethos and STL’s larger purpose – of Transforming Billions of Lives by Connecting the World. I am excited to see its impact on America’s rural connectivity and digital landscape.” 

From glass to fiber, cabling, and optical connectivity, STL is one of only 6 players worldwide[1] with end-to-end capabilities in this space. The company works closely with regional and national players and with industry associations like the FBA and the Power and Communication Contractors Association (PCCA) to create meaningful impact at scale.

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, stl.tech | Twitter |

[1] Ex-China