Day: July 10, 2023

At the Monaco Energy Boat Challenge 2023 Italian team UniBoat wins the Energy Class.

The curtain falls on the 10th Monaco Energy Boat Challenge.

MONACO, July 10, 2023 (GLOBE NEWSWIRE) — The curtain falls on the 10th Monaco Energy Boat Challenge. For four days, at the Yacht Club de Monaco, 31 international universities and some 50 teams coming from 25 nations, such as the United States, France, Indonesia, India, Italy and Germany, competed at sea in a range of contests with the aim of testing alternative energy sources to power the maritime industry of the future. The winner of the Energy Class for the third year in a row is the Italian team UniBoat from Bologna University and in the Solar Class first place went to team Sunflare.

“I think we are at a very good international level. We had a Job Forum which is a way for young people taking part in this competition to find a job in the future. We also had some investors who are looking for new technologies for yachting, marinas, ships and that is very important for us. Monaco has once again confirmed its role of Capital of Advanced Yachting involving young generation and their vision of the future,” said YCM general secretary Bernard d’Alessandri.

Three the categories in this tenth edition: Solar Class, Energy Class and Open Sea Class.

The winner of the Energy Class is the Italian team Uniboat of Bologna University. “The race went very well,” says Federico Vanzini, the team’s pilot. “We proved that we brought here an improved product and won because of our great reliability. I wanted to thank the whole team, especially those who have upgraded the boat through the years taking it to the level it is now at. The endurance race on Friday was incredible with a very rough sea but we found out to have an absolutely reliable and strong boat and we headed to a clear victory. Today it was tougher: the Greeks of the Oceanos team (arrived second) built a very strong boat and gave us a hard time. It was tough competition until the last minute.”

As previous times, UniBoat team kept a multihybrid propulsion on their boat ‘Futura’ with battery plus hydrogen tanks and solar panels. This year the team implemented also the ‘Adas’ technology in order to, with the help of a stereo vision camera, recognize objects in the sea and permit an autonomous drive system. Second place went to ‘Oceanos’ team of Athens University and third place in the category went to UniGenova, at their debut in the competition. The Italian team from Genova was also awarded the ‘Eco conception price’.

First place in the Solar Class, dedicated to solar energy, went to Dutch team Sunflare.

“We consist of a team of 7 members and this is actually the fifth time that we won the Monaco Energy Boat Challenge in the Solar Class. In the beginning we still had glass solar panels then we switched to lighter solar panels, we added some hydrofoils, made the boat more stable and added few smaller upgrades. We’re currently developing a new battery so we get the capacity that we can have. Next year we’re going to be here with a new boat so that’s our future plan,” says the team pilot Gerlof Werkman.

From the jury point of view, chaired by EODev CEO Jeremie Lagarrigue, the event offers an interesting perspective on the future of the sectors. “I think the Yacht Club de Monaco with this event has really seen a long way on when the industry should be going and I think they are really going in the right direction. It’s interesting for us in terms of the perspective of materials that are being used and the different energy propulsion systems to be here. I think for the industry itself it’s a very good breeding ground for new ideas and innovations,” adds One Ocean Foundation general secretary and member of the jury Jan Pachner. Supported by the Prince Albert II of Monaco Foundation, Credit Suisse, BMW and SBM Offshore, the event has attracted the attention of important shipyards such as Oceanco, Ferretti Group, Monaco Marine, Sanlorenzo, Lürssen and Palumbo SY Refit.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ed6f9db-bbf1-46fc-b8ad-1eebba2063d9

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b15d59a-2c5b-4e3a-a320-c79d66b9632c

GlobeNewswire Distribution ID 8871630

At the Monaco Energy Boat Challenge the maritime industry meets up with the students

Discovering alternative energy sources to power the maritime industry

MONACO, July 10, 2023 (GLOBE NEWSWIRE) — Discovering alternative energy sources to power the maritime industry. It is the purpose of the Monaco Energy Boat Challenge organized by the Yacht Club de Monaco. For four days 31 international universities and some 50 teams compete at sea in a range of contests aiming to build, on the long run, the yachting of the future. As part of the collective ‘Monaco, Capital of Advanced Yachting’ approach, the Monaco Energy Boat Challenge continues to assert its position as a key player in the environmental transition. But it is also the occasion for many key industry actors to check on the newest ideas in terms of propulsion.

Among these there is Monaco Marine, a company established in Monaco 30 years ago and specialised in refit and maintenance of yachts. “It is very important to encourage youth and sustainable solutions to be implemented in yachting therefore we’re here to support all the people involved in this event,” explains Monaco Marine chief commercial officer Tanguy Ducros. Alongside the challenges there’s also space to think about the future with a special Job Forum, aiming to help the students find a future job. Some other industries such as SBM Offshore chose to support a team taking part to the competition. It is the case of the Sea Shakti Indian team and their boat Yali built up with a hydrong fuel cell, a lithium battery and also an own-made electric propulsion system. “As SBM we are traditionally present at the Monaco Energy Boat Challenge, which marks this year the 10th anniversary. We’re present in multiple forms. First and foremost we’re one of the main sponsors of the event, we have our boat which races in the Energy class, we support for the second year in a row the team from India which is our competitor in the same category, as our company has a branch located in Bengaluru. Finally this year we have the coincidence to have here the Normand installer, which is a quite large installation vessel that we own and operate together with Solstad. It is in transit and is directed to Marseille in order to install the first floating offshore with in the Mediterranean,” says SBM general manager Francesco Prazzo. Also, Oceanco decided to support a French team competing in the Energy class, team ‘Nereides’. “We’ve been supporting the challenge for many years but this year we’ve increased our involvement. We’re mentoring a team and secondly we’ve actually contributed with a fuel cell for the team that takes part to the challenge. What’s happening here it’s a laboratory for us because you have the universities and the students trying out different propulsion and innovations and I think it’s a very good way to test things,” added Paris Baloumis, Oceanco group marketing director. The international group Palumbo with his Marseille shipyard CEO Antonio Palumbo “believes in new generations, especially when it comes to sustainability, because we believe they’ll be the main characters in the future of this sector”. From their point of view, the students appreciate the opportunity of thinking ahead in life while being at the Challenge. “Having the chance to talk to some of the main players in the industry is fundamental for us to be able to navigate the career world. Being able to take part to the race and at the same time to get to talk to some of the most representative industry in this world is fantastic,” says Daniele, 29 years old, from Messina University. “It is interesting to understand how a job interview works. It’s a very useful initiative and if now I was graduating I will consider it one of the main reasons to take part in the Challenge for sure,” adds Iacopo, 21 years old, from Bologna University.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e92d6ae-7461-4273-8b44-f106dc5f6509

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/22ffd427-eea7-4b82-8ed6-b42b4453004a

GlobeNewswire Distribution ID 8871628

The Apollo4 Lite and Apollo4 Blue Lite System-on-Chips (SoCs) Help Enhance Devices’ Functionalities and Battery Life to Accelerate the Adoption of Remote Monitoring

Apollo4 Lite and Apollo4 Blue Lite: Anyone, Anytime, Anywhere

Ambiq introduces Apollo4 Lite and Apollo4 Blue Lite

News Highlights:

• The new Apollo4 Lite and Blue Lite SoCs offer feature-rich capability, optimized memory, powerful graphics performance, and secureSPOT^® for robust security in a lightweight solution
• Ideal for digital health applications, such as digital stethoscopes, patient monitoring, and continuous glucose and blood pressure monitoring
• The Apollo4 Blue Lite offers secure Bluetooth^® Low Energy connectivity for communication to handheld devices, host equipment, and the Cloud

AUSTIN, Texas, July 10, 2023 (GLOBE NEWSWIRE) — Ambiq^®, a technology leader in ultra-low power semiconductor products and solutions, introduces the Apollo4 Lite and Apollo4 Blue Lite SoC to its expanding portfolio of SoCs for IoT endpoint devices, especially the remote monitoring products of the healthcare sector. This announcement follows Ambiq’s release of its Heart Kit, an optimized open-source AI model utilizing multi-head neural networks (MH-NNs) to enable a variety of real-time heart-monitoring applications.

The Apollo4 Lite and Blue Lite product line is the latest generation system processor solutions built upon Ambiq’s proprietary Subthreshold Power-Optimized Technology (SPOT^®) platform, enabling new features while reducing devices’ overall system power consumption to extend their battery life. Both SoCs are embedded with an ultra-low power Cortex-M4 core that can operate at up to 192 MHz with turboSPOT, an audio subsystem, GPU, and ample MRAM and SRAM. They are also conveniently pin-compatible with Ambiq’s Apollo4 Plus and Blue Plus¹, providing developers with optimum flexibility for innovation.

“Today’s patients are more empowered to monitor and advocate for their own health, and healthcare providers require more data analytics to prescribe holistic treatment,” said David Priscak, VP of Technical Solutions at Ambiq. “With bold graphics and long battery life, state-of-the-art health tracking is now more affordable and accessible thanks to these new additions to our Apollo4 SoC family.”

Apollo4 Lite / Blue Lite Chart

Apollo4 Lite / Blue Lite Chart

“The global remote patient market in terms of revenue was estimated to be worth $53.6 billion in 2022 and is poised to reach $175.2 billion by 2027, growing at a CAGR of 26.7% from 2022 to 2027,” said Ms. Anu Dhiman – Lead Healthcare Analyst – MarketsandMarkets Research Pvt. Ltd. “The predominant factors influencing the growth of the market include the benefits of remote patient monitoring to reduce the burden on medical resources, the monitoring benefits of telehealth and remote patient monitoring services, advancements in telecommunications, as increasing geriatric population, and the growing need to expand healthcare access.”

The Apollo4 Lite and the Apollo4 Blue Lite are designed for extended battery life, advanced security, and powerful graphics in small form factors, which are critical for the continued adoption of these devices. Both are now in mass production, targeting digital health products, smartwatches, fitness bands, animal trackers, voice-activated remotes, industrial maintenance, and smart home IoT devices. For more product information, visit www.ambiq.com/apollo4-lite and www.ambiq.com/apollo4-blue-lite.

¹ – Apollo4 Lite is pin-compatible with Apollo4 Plus (AMAP42KP-KBR); Apollo4 Blue Lite is pin-compatible with Apollo4 Blue Plus (AMA4B2KP-KXR.)

About Ambiq

Ambiq’s mission is to develop the lowest-power semiconductor solutions to enable intelligent devices everywhere by developing the lowest-power semiconductor solutions to drive a more energy-efficient, sustainable, and data-driven world. Ambiq has helped leading manufacturers worldwide develop products that last weeks on a single charge (rather than days) while delivering a maximum feature set in compact industrial designs. Ambiq’s goal is to take Artificial Intelligence (AI) where it has never gone before in mobile and portable devices, using Ambiq’s advanced ultra-low power system on chip (SoC) solutions. Ambiq has shipped more than 200 million units as of March 2023. For more information, visit www.ambiq.com.

Contact

Charlene Wan
VP of Branding, Marketing, and Investor Relations
cwan@ambiq.com
+1.512.879.2850

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/620a2f10-acfe-4d54-b9c3-0983c58c06f6

https://www.globenewswire.com/NewsRoom/AttachmentNg/fd179ebf-2f60-4195-8fca-b88c7b7a852c

GlobeNewswire Distribution ID 8870834

Apollo4 Lite และ Apollo4 Blue Lite System-on-Chips (SoCs) ช่วยยกระดับฟังก์ชันการทำงานของอุปกรณ์และอายุการใช้งานแบตเตอรี่เพื่อเร่งการปรับใช้การตรวจสอบระยะไกล

Apollo4 Lite และ Apollo4 Blue Lite: เพื่อทุกคน ทุกที่ ทุกเวลา

Ambiq เปิดตัว Apollo4 Lite และ Apollo4 Blue Lite

ไฮไลท์ข่าว:

• Apollo4 Lite และ Blue Lite SoCs ใหม่นำเสนอความสามารถที่หลากหลาย หน่วยความจำที่ปรับให้เหมาะสม ประสิทธิภาพกราฟิกที่ทรงพลัง และ SecureSPOT^® เพื่อความปลอดภัยที่แข็งแกร่งในโซลูชันที่มีน้ำหนักเบา
• ซึ่งเหมาะอย่างยิ่งสำหรับแอปพลิเคชันด้านสุขภาพดิจิทัล เช่น เครื่องตรวจฟังเสียงแบบดิจิทัล การเฝ้าติดตามผู้ป่วย และการตรวจวัดระดับน้ำตาลและความดันโลหิตอย่างต่อเนื่อง
• Apollo4 Blue Lite มี Bluetooth^® ที่ปลอดภัย การเชื่อมต่อพลังงานที่ต่ำสำหรับการสื่อสารกับอุปกรณ์พกพา อุปกรณ์โฮสต์ และระบบคลาวด์

ออสติน เท็กซัส, July 10, 2023 (GLOBE NEWSWIRE) — Ambiq^® ซึ่งเป็นผู้นำด้านเทคโนโลยีในผลิตภัณฑ์และโซลูชันเซมิคอนดักเตอร์พลังงานต่ำเป็นพิเศษ ได้แนะนำ Apollo4 Lite และ Apollo4 Blue Lite SoC และเพิ่มผลิตภัณฑ์เหล่านี้ไปยังพอร์ตผลงานของ SoCs ในด้านอุปกรณ์ปลายทาง IoT โดยเฉพาะอย่างยิ่งในด้านผลิตภัณฑ์การตรวจสอบระยะไกลของภาคส่วนการดูแลสุขภาพ การประกาศนี้เป็นไปตามการเปิดตัว Heart Kit ของ Ambiq ซึ่งเป็นโมเดล AI แบบโอเพ่นซอร์สที่ได้รับการปรับให้เหมาะสมโดยใช้โครงข่ายประสาทเทียมแบบหลายหัว (MH-NNs) เพื่อทำให้สามารถใช้งานแอปพลิเคชันตรวจวัดหัวใจแบบเรียลไทม์ที่หลากหลาย

สายผลิตภัณฑ์ Apollo4 Lite และ Blue Lite เป็นโซลูชันตัวประมวลผลระบบรุ่นล่าสุดที่สร้างขึ้นจากแพลตฟอร์ม Subthreshold Power-Optimized Technology (SPOT^®) ที่เป็นกรรมสิทธิ์ของ Ambiq ซึ่งทำให้สามารถใช้งานคุณสมบัติใหม่ ๆ ในขณะที่สามารถลดการใช้พลังงานของระบบโดยรวมของอุปกรณ์เพื่อยืดอายุแบตเตอรี่ด้วย SoC ทั้งสองชนิดนี้จะมีคอร์ Cortex-M4 ที่ใช้พลังงานต่ำเป็นพิเศษซึ่งสามารถทำงานได้สูงสุดถึง 192 MHz และมาพร้อมกับ turboSPOT ระบบย่อยของเสียง GPU และ MRAM และ SRAM ที่เพียงพอ นอกจากนี้ยังสามารถใช้งานร่วมกับ Apollo4 Plus และ Blue Plus¹ ของ Ambiq ได้อย่างสะดวก จึงช่วยให้นักพัฒนามีความยืดหยุ่นสูงสุดในด้านนวัตกรรม

David Priscak รองประธานฝ่ายโซลูชันทางเทคนิคของ Ambiq กล่าวว่า “ผู้ป่วยในปัจจุบันมีอำนาจมากขึ้นในการเฝ้าติดตามและสนับสนุนในด้านสุขภาพของตนเอง และผู้ให้บริการด้านการดูแลสุขภาพต้องการการวิเคราะห์ข้อมูลมากขึ้นเพื่อกำหนดการรักษาแบบองค์รวม” “เนื่องจากส่วนเสริมใหม่เหล่านี้ในตระกูล Apollo4 SoC ของเรา จึงทำให้มีกราฟิกที่โดดเด่นและอายุการใช้งานแบตเตอรี่ที่ยาวนาน ซึ่งส่งผลให้การติดตามสุขภาพที่ล้ำสมัยมีราคาย่อมเยาและสามารถเข้าถึงได้มากขึ้น ”

ตาราง Apollo4 Lite / Blue Lite

ตาราง Apollo4 Lite / Blue Lite

“ในแง่รายได้ของตลาดผู้ป่วยทางไกลทั่วโลกนั้นได้มีการคาดการณ์ว่าจะมีมูลค่า 53,600 ล้านดอลลาร์ในปี 2565 และคาดว่าจะสูงถึง 175,200 ล้านดอลลาร์ภายในปี 2570 โดยมีอัตราการเติบโตต่อปีแบบทบ (CAGR) ที่ 26.7% ตั้งแต่ปี 2565 ถึง 2570” คุณ Anu Dhiman – หัวหน้านักวิเคราะห์ด้านการดูแลสุขภาพ – MarketsandMarkets Research Pvt. Ltd. กล่าว “ปัจจัยหลักที่มีอิทธิพลต่อการเติบโตของตลาด ได้แก่ ประโยชน์ของการเฝ้าติดตามผู้ป่วยทางไกลเพื่อลดภาระด้านทรัพยากรทางการแพทย์ ประโยชน์ของการเฝ้าติดตามของบริการการตรวจติดตามสาธารณสุขทางไกลและการตรวจติดตามผู้ป่วยทางไกล ความก้าวหน้าด้านการสื่อสารโทรคมนาคม ประชากรสูงอายุที่เพิ่มขึ้น และความต้องการในด้านการขยายการเข้าถึงการบริการเพื่อสุขภาพที่เติบโตสูงขึ้น”

Apollo4 Lite และ Apollo4 Blue Lite ได้รับการออกแบบมาเพื่อยืดอายุแบตเตอรี่ มีความปลอดภัยขั้นสูง และกราฟิกที่ทรงพลังในรูปแบบขนาดเล็ก ซึ่งเป็นสิ่งสำคัญสำหรับการนำอุปกรณ์เหล่านี้ไปปรับใช้ได้อย่างต่อเนื่อง ขณะนี้ผลิตภัณฑ์ทั้งสองนั้นอยู่ในขั้นตอนการผลิตจำนวนมาก โดยกำหนดเป้าหมายไปยังผลิตภัณฑ์สุขภาพแบบดิจิทัล สมาร์ทวอทช์ ฟิตเนสแบนด์ เครื่องติดตามสัตว์ รีโมทสั่งงานด้วยเสียง การบำรุงรักษาทางอุตสาหกรรม และอุปกรณ์อินเทอร์เน็ตของสรรพสิ่ง (IoT) ในบ้านแบบอัจฉริยะ สำหรับข้อมูลผลิตภัณฑ์เพิ่มเติมนั้น กรุณาเยี่ยมชม www.ambiq.com/apollo4-lite และ www.ambiq.com/apollo4-blue-lite

¹ – Apollo4 Lite รองรับพิน Apollo4 Plus (AMAP42KP-KBR) สำหรับ Apollo4 Blue Lite นั้นรองรับพิน Apollo4 Blue Plus (AMA4B2KP-KXR)

เกี่ยวกับ Ambiq

พันธกิจของ Ambiq คือการพัฒนาโซลูชันเซมิคอนดักเตอร์ที่ใช้พลังงานต่ำที่สุดเพื่อให้สามารถใช้งานอุปกรณ์อัจฉริยะได้ทุกที่ โดยการพัฒนาโซลูชันเซมิคอนดักเตอร์ที่ใช้พลังงานต่ำสุดเพื่อขับเคลื่อนโลกที่ขับเคลื่อนด้วยข้อมูลได้อย่างมีประสิทธิภาพ ยั่งยืน และประหยัดพลังงานมากขึ้น Ambiq ได้ช่วยผู้ผลิตชั้นนำทั่วโลกในการพัฒนาผลิตภัณฑ์ที่ใช้งานได้นานหลายสัปดาห์ด้วยการชาร์จเพียงหนึ่งครั้ง (แทนที่จะใช้งานได้หลายวัน) ในขณะเดียวกันก็นำเสนอชุดคุณสมบัติที่มีประสิทธิภาพสูงสุดในการออกแบบทางอุตสาหกรรมขนาดกะทัดรัดด้วย เป้าหมายของ Ambiq คือการนำปัญญาประดิษฐ์ (AI) มาใช้ในอุปกรณ์เคลื่อนที่และอุปกรณ์พกพาอย่างที่ไม่เคยเกิดขึ้นมาก่อน โดยใช้โซลูชันระบบพลังงานต่ำพิเศษขั้นสูงบนชิป (SoC) ของ Ambiq Ambiq ได้มีการจัดส่งผลิตภัณฑ์ไปแล้วกว่า 200 ล้านยูนิต ณ เดือนมีนาคม 2566 สำหรับข้อมูลเพิ่มเติม กรุณาเยี่ยมชม www.ambiq.com.

ติดต่อ

Charlene Wan
รองประธานฝ่ายการสร้างแบรนด์ การตลาด และนักลงทุนสัมพันธ์
cwan@ambiq.com
+1.512.879.2850

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GlobeNewswire Distribution ID 8871063

Development of a new system for the Brazilian stock exchange is to take place in phases and is part of B3’s strategy to provide the market with continuous technological innovation

SÃO PAULO, Brazil, July 10, 2023 (GLOBE NEWSWIRE) — B3 and Nasdaq (Nasdaq: NDAQ) have announced a partnership to develop a new clearing platform for the Brazilian stock exchange, responsible for the clearing, settlement, and management of counterparty risk associated with financial market transactions.

The agreement is another step in B3’s long-term strategic vision of working with global partners to bring the best technologies available to the Brazilian market. It will support the ongoing evolution of its platform to meet the needs of a rapidly expanding market, which demands a continuous focus on innovation.

The multi-year work schedule between B3 and Nasdaq will see close collaboration between engineering teams, drawing on Nasdaq’s expertise providing real-time clearing solutions to over 20 central counterparty clearing houses (“CCPs”) worldwide. The Brazilian stock exchange, in turn, will share its unique experience of operating demanding, high-volume markets, and offering a broad portfolio of financial products, to drive incremental improvements in Nasdaq’s clearing platform.

According to Mario Palhares, Chief Operating Officer – Electronic Trading and CCP at B3, the partnership with Nasdaq is an important move in the evolution of B3’s clearinghouse: “We are working diligently to ensure that our clients have access to the best solutions available in the market, always aiming at improving our services, increasing capacity and availability, and offering better time to market,” explains Palhares.

Rodrigo Nardoni, Chief Technology Officer at B3, points out that the upgrade of the B3 platform will be carried out in phases, gradually and without impacting the market. “Through a phased migration process, B3 will gradually transform its clearinghouse solution onto a new platform, reinforcing our strategic commitment to technological innovation and capturing direct benefits for our clients,” states Rodrigo.

Nasdaq’s Executive Vice President and Head of Marketplace Technology Roland Chai says that unprecedented volumes, major disruptive events and new asset classes have placed a significant challenge on market infrastructure operators globally, emphasizing the need to enhance technology infrastructure.

“Incorporating Nasdaq’s clearing technology has the power to bring substantial benefits to B3 and support the rapid growth of the Brazilian market. We also welcome the opportunity to enhance our own post trade products and solutions by collaborating with innovative market infrastructure groups like B3,” says Chai.

Nasdaq’s real-time clearing solutions provide CCPs with high-velocity clearing, settlement and risk management capabilities for safe, efficient and reliable operations. It offers robust, modular clearing platforms that manage a wide range of asset classes.

About B3

B3 S.A. (B3SA3) is one of the main financial market infrastructure companies in the world and one of the largest in terms of market capitalization among global leaders in the exchange industry.

B3 connects, develops and enables the financial and capital market and, together with customers and society, boosts Brazil’s growth.

It trades in stock exchange and OTC environments, and offers products and services to the financing chain.

Headquartered in São Paulo and with offices in London, Chicago, Singapore and Shanghai, B3 performs important functions in the market by promoting best practices in corporate governance, risk management and sustainability.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Media contacts

B3, Brazilian Stock Exchange

imprensa@b3.com.br

Nasdaq

Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com

-NDAQG-

GlobeNewswire Distribution ID 8871120

AI in Context

How Quantexa Augments and Automates Decision Intelligence with AI

Quantexa CEO outlines vision for investment in support of UK Government’s plan to make UK an AI Hub, which includes:

• £125M in new global investments aimed at accelerating enterprise and government agency’s ability to use trusted AI-enabled Decision Intelligence solutions
• £85M in dedicated UK investment will create over 170 new jobs in London AI Innovation Centre team
• Preview of Generative AI assistant shows how world-leading institutions will unlock the full potential of data to investigate risk and identify opportunity

LONDON and NEW YORK, July 09, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it will invest an additional £125M in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations. By 2027, Quantexa’s total global investment in AI will reach more than £200M.

The investment marks Quantexa’s continued advancements in AI with the preview of its Generative AI technology, Q Assist. Quantexa also furthered its commitment to advancing the company’s existing AI Stack to enable its growing global ecosystem of clients and partners to unlock new industry-specific use cases for financial services, insurance, telecommunications, healthcare, and in the public sector. Quantexa’s Decision Intelligence platform and suite of solutions for data management, customer intelligence, KYC, risk, fraud, and financial crime have been deployed in over 70 countries.

Analysis from University of Washington suggests this investment will boost the global AI industry by £600M as the multiplier effect is realised.

AI in Context: How Quantexa Augments and Automates Decision Intelligence with AI

Preview of Generative AI Assistant Breaks New Ground
Built on Quantexa’s Decision Intelligence Platform, the technology preview of Q Assist, a generative AI assistant, demonstrates the potential of using LLM’s to create an intuitive and conversational interface bringing new efficiencies for analysts working with data to identify risks as part of investigations. For organisations, the potential benefit is significant – as the AI assistant allows all analyst staff to become as effective as the most experienced investigators.

Q Assist is LLM agnostic and will allow clients to use their own proprietary, open source, or commercially available models including ChatGPT^TM, a leading LLM from OpenAI. Quantexa’s market-leading entity resolution, graph analytics, and scoring capabilities become turbo-charged when they can be queried with natural language questions and prompts in Quantexa’s Decision Intelligence Platform.

Today, in a video showcase, Quantexa demonstrated one of what could become many potential use cases for Q Assist. The financial crime investigation scenario was chosen to show the potential in using natural language to query vast amounts of structured and unstructured data at scale, allowing even junior analysts to understand the complex data behind graph analytics and alerts. The preview also showed the ability to automate the generation of Suspicious Activity Reports (SARs) and investigative summaries – possible in close to 100 languages – driving further efficiency in what is typically a manually intensive process and allowing more time to be redirected to strategic activities.

AI Throughout Quantexa’s Decision Intelligence Platform Delivers Business Value
Enterprises and government agencies are using Quantexa’s Decision Intelligence to become more effective and efficient at organising siloed, messy data to obtain 360-degree views of customers and suppliers to identify fraud, qualify eligibility for services, stop dangerous goods at borders, or optimise supply chains.

Quantexa is using three core principles to responsibly build out its AI Stack:

• Context-Based Learning: Just as humans require full context to make informed decisions, so does AI. Without context, even the smartest machine learning or deep learning algorithms lack accuracy to be deployed reliably. For example, it’s impossible for a person or AI model to know if a single bank transaction in isolation is money laundering. Quantexa builds true context by using data to create single views of people, organisations, places, and other entities and assembles them visually to show complex interactions between entities. This context is what enables a person or AI to make an accurate decision.
• Composite AI: Quantexa’s Composite AI Stack aggregates the outputs of many different techniques, including machine learning, natural language processing and deep learning. Combining these with input from subject matter experts, organisations can continually use analytics to improve decisioning to protect, optimise, and grow. Quantexa uses exclusive access to huge volumes of structured and unstructured industry data to train its AI and provides out-of-the-box open models, giving clients the ability to modify or create their own.
• Explainability and Trust: In the highly regulated environments that organisations work in, it is crucial that decisions are transparent and explainable with no suggestion of bias. Quantexa’s technology and governance uses context-based techniques and composite AI to drive adoption of explainable outcomes without privacy concerns. Quantexa publicly maintains its AI ethics and safety guidelines here.

Rishi Sunak, Prime Minister of the United Kingdom, said:
“We want to ensure the UK remains the best place in the world to build, test, and use safe AI technology. Quantexa’s new £85M London AI Innovation Centre will help cement this reality. It will create over 170 jobs, harness the extraordinary potential of AI as we grow our economy, and lead the way on responsible AI development around the world.”

Chloe Smith, Technology Secretary, said:
“The Government is serious about AI, which is why we’ve invested £2.5B in AI infrastructure and skills since 2014 and this year set out our plan for AI regulation to drive innovation and build trust. Quantexa’s investment is a huge vote of confidence in those plans and will unlock new opportunities for growth and job creation, enabling us to continue to pave the way as a global leader in the development of AI.”

Vishal Marria, CEO and Founder, Quantexa, said:
“While many companies are talking about AI and machine learning, we have been investing in it since our inception. We are investing our time, money, and resources into the biggest technological breakthrough for generations as it will transform how organizations make decisions. We’re proud to invest in London-based innovation but the impact will be felt by the global economy and will start a ripple effect that will unlock decision intelligence capabilities for our clients and their respective industries.” 

Dr Oren Etzioni, Professor at the University of Washington’s Computer Science and founding CEO of the Allen Institute for AI, said: “An investment of 100 AI jobs will drive economic growth not just in London but around the world. The places most likely to benefit are AI innovation hubs like New York City, Seattle, and San Francisco. Based on my research into the impact of AI on employment and economic growth, the long-term monetary benefits of this announcement will increase significantly because of the multiplier effect from job creation and innovation. An initial investment of £200M is likely to benefit the wider AI industry by £600M globally within three years.” 

To learn more about how your organisation can benefit from Quantexa’s AI investment, innovation, and ethical practices, please visit here.

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Ireland, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

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GlobeNewswire Distribution ID 1000829195