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IQM Makes First Expansion Move; Creates Subsidiary in Germany to Drive Quantum Hardware-Software Co-Design

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ESPOO, Finland, March 11, 2020 (GLOBE NEWSWIRE) — IQM Finland Oy (IQM), today announced an expansion through the establishment of its first subsidiary company, IQM Germany, located in Munich. The company also announced the appointment of renowned quantum computing and quantum technology expert, Prof. Enrique Solano as CEO of IQM Germany. IQM is an emerging hardware leader focused on developing quantum computers based on scalable high-speed superconducting quantum processors. The company was last Friday named as one of the ten most promising startups in Finland by the Finnish financial magazine Talouselämä.
The expansion move intends to harness local quantum expertise to create a co-design hub that tightens the interaction between quantum hardware and quantum software development. The idea is to optimize quantum chips at the earliest development stage to meet gate design, connectivity, gate fidelity, and other technical imperatives for scalable quantum computing. The novel co-design model lets IQM collaborate closely with its current and future software partners throughout Europe to accelerate the development of useful quantum solutions for specialized applications.Prof. Enrique Solano will lead the Munich operation as CEO of IQM Germany. The Peruvian/Spanish physicist is a renowned international expert in quantum computing, quantum simulation, quantum artificial intelligence, and quantum technologies. He joins IQM from his leading positions in two quantum centers in Bilbao, Spain, and Shanghai, China.“Munich was the obvious location for the new facility,” said IQM’s CEO, Dr. Jan Goetz. “For Germany and Bavaria, in particular, building a quantum computer is a strategic national priority. That commitment has produced an ecosystem of quantum innovation, with stakeholders from industry, academia and the investor community collectively focused on advancing Europe’s quantum leadership.”The new facility marks IQM’s first expansion outside of Finland. Since its debut last July, the company has ramped up fast to build an infrastructure to produce scalable quantum devices efficiently. At its operations lab in Espoo, qubit samples are already being produced on a wafer scale every week. The devices are benchmarked onsite for uniformity, accuracy, quality, and other imperatives for real-world applications. The high-throughput/fast-feedback model allows IQM technologists to constantly monitor the quality of the fabrication processes, and thus ensure high-quality quantum processors.At present, IQM´s team of experts drives the business in four core areas: fabrication, scalable electronics, software, and systems integration. The new team in Munich will extend these efforts to design special-purpose processors for near-term algorithms, while also focusing on IP development. Of the company’s nearly three dozen employees, 25 hold PhDs, almost all in physics, and specifically quantum computing.Prof. Solano adds new weight to the multi-national IQM team with his record of leadership in academic and entrepreneurial ecosystems. His previous roles include Distinguished Professor and Director at QuArtist – Quantum Artificial Intelligence for Science and Technology at Shanghai University in China, as well as similar positions at the International Center of Quantum Computing and Quantum Technologies at the University of the Basque Country in Bilbao, Spain. He obtained his PhD in physics from the Universidade Federal de Rio de Janeiro in Brazil.“The hardware-software co-design model is different and exciting and brings a design-think mindset to quantum computing,” said Prof. Solano. “It lets us develop and optimize next-generation chip architectures for specific applications and implement quantum computing algorithms for industries with entrenched operations in Germany and throughout Europe. For example, financial models and predictions for car manufacturers, as well as models for drug design, material design, aerodynamics, nuclear reactions, biological systems, intelligent devices, use-cases for smart cities, and much more. I’m thrilled to join the company.”  Prof. Mikko Möttönen, Founder and Chief Scientist of IQM added: “I have long admired Enrique for his ability to solve extremely difficult theoretical problems that are useful for practical application. He’s already building a team of experts at IQM to increase our understanding of quantum algorithms to develop financial models for myriad applications. This will enable us to quickly optimize our hardware for new algorithmic inventions produced by our software partners. He’s a dream addition to the team.”For information on IQM, please visit www.meetiqm.comMedia Contact: [email protected]IQM Contact
Jan Goetz, CEO IQM; email: [email protected]; +358 505 666 483 (English & German)
Mikko Möttönen, Chief Scientist, IQM; email: [email protected]; +358 505 940 950 (English & Finnish)
Enrique Solano, CEO IQM Germany; email: [email protected]; +49 151 7217 3120 (English & Spanish)
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68353131-e268-418c-acaa-89146aa691c6

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Artificial Intelligence

PATH Appoints Dr Bilal Mateen as Inaugural Chief AI Officer

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SEATTLE, Sept. 9, 2024 /PRNewswire/ — PATH, a global nonprofit dedicated to achieving health equity, today announced the appointment of Bilal Mateen as its Chief AI Officer. In this newly created role, Mateen will lead PATH’s efforts to harness the power of artificial intelligence (AI) to accelerate progress toward a world where everyone has the opportunity to live a healthy life.

Mateen brings to the role a wealth of experience in AI and technology leadership. He most recently served as Executive Director of Digital Square where he supported ministries of health across Africa and Asia with effective planning, procurement, and implementation of technology to help address the global health equity gap. In this post, he also served as principal investigator, overseeing more than $250 million in grants and contracts focused on digital health transformation in low-resource environments.
Dr. Mateen is a physician by training with an academic background in health-related applications of data science and machine learning. Prior to joining PATH, he served as the Clinical Technology Lead and Senior Manager for Digital Technology at the Wellcome Trust, one of the world’s largest philanthropic foundations supporting science and health research.
“We are thrilled Bilal is crossing this frontier with us,” said PATH CEO Nikolaj Gilbert. “His deep expertise in AI and his passion for using technology to solve global challenges make him the ideal person to lead our AI efforts. We’re excited to collaborate and support countries in harnessing the power of ethically and effectively applied AI to improve public health, reaching communities in need and transforming lives for a healthier future. We’re confident that Bilal will help us realize that potential.”
Gilbert added, “To respond to a genuine need for more strategic integration of AI in health, we created this role of Chief AI Officer—the first in the health NGO-space, as a reflection of our commitment to including the most strategic expertise on this transformational technology in PATH’s leadership team.”  
Mateen will be responsible for developing and implementing PATH’s AI strategy, which will focus on using AI to improve the efficiency and effectiveness of PATH’s programs, as well as to develop new health solutions. He will also work to build partnerships with other organizations in the AI and health sectors.
“I am honored to be the first to hold this groundbreaking role,” said Mateen. “I am deeply passionate about the role of research in advancing ethical and inclusive applications of artificial intelligence to improve lives. I believe that AI has the power to revolutionize the way we address global health challenges, and I am excited to work with the talented team at PATH to harness that power.”
Mateen’s appointment comes at a time when PATH is increasingly focused on the use of AI to achieve its goals. Building on our work since 2018 in this area, in recent years, PATH has launched a number of initiatives that leverage AI and other technologies. This includes a flagship project which Dr Mateen leads with partners in Kenya, Nigeria, and Rwanda. This work evaluates how to effectively and ethically utilize large language model-based tools as knowledge assistants to support frontline health workers with diagnosis, treatment, and referral decisions.
Dr. Mateen completed his Bachelor of Science in Neuroscience and Medical Sciences and his medical training at University College London. He subsequently completed his Master of Public Health at the University of Edinburgh, and his PhD at Kings College London. Alongside his role at PATH, he continues to hold an honorary professorial appointment at University College London and he held a fellowship at the Alan Turing Institute (the UK’s national institute for data science and artificial intelligence). He also holds a number of other fellowships in recognition of his world-leading expertise in the field.
PATH is a global nonprofit dedicated to achieving health equity. With more than 40 years of experience, PATH saves lives and improves health, especially among women and children. We accelerate innovation to develop and deliver high-impact solutions, from life-saving vaccines and devices to collaborative programs with communities.
Contact information:
Julianna Longo, Interim Director of Global Strategic Communications, PATH
[email protected]

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PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer

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NORFOLK, Va., Sept. 9, 2024 /PRNewswire/ — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. 16.

Murphy will report to PRA Group President and CEO Vik Atal and serve as a member of the senior leadership team. He will lead the continued development of cutting-edge analytic solutions to drive business growth. “Adrian has played a leading role in driving the development of innovation and transformations at top global financial services institutions. His deep expertise will help us further embed data analytics to optimize our business, enhance our customer’s experience and ultimately provide increased value for our shareholders,” said Atal.
Murphy’s nearly three decades of industry experience includes serving most recently as a partner in McKinsey & Company’s Banking and Risk divisions, where he spearheaded client service for major financial institutions and led their Global Fraud Service Line. Prior to working at McKinsey & Company, he was a partner at Oliver Wyman and oversaw transformation projects in a variety of divisions, including Banking, Risk and Data, Tech and Analytics, in New York; Financial Services, in Sao Paulo; and Banking and Finance and Risk, in London. Early in his career, he was also an engineer at Ford Motor Company. Murphy holds bachelor’s and master’s degrees in manufacturing engineering from the University of Cambridge.
“I look forward to joining PRA Group, an innovative, global industry leader, and contributing to the success of its data and analytics program,” said Murphy.
About PRA Group, Inc.As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
News Media Contact:Elizabeth KerseySenior Vice President, Communications and Public Policy(757) [email protected]
Investor Contact:Najim Mostamand, CFAVice President, Investor Relations(757) [email protected]
Photo – https://mma.prnewswire.com/media/2500577/Adrian_Murphy.jpg 
Logo – https://mma.prnewswire.com/media/819349/PRA_Logo.jpg

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Vantiva Demonstrates its Vision of the Connected Home of the Future with New Lineup of AI-Powered CPE at IBC 2024

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 Set-top boxes with human-like AI personal assistants and gateways with AI-powered security and privacy shape a new consumer experience at home
PARIS, Sept. 9, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers worldwide, will demonstrate innovative AI-powered products at IBC 2024, including set-top boxes (STBs) and broadband gateways, all connected to Vantiva’s Navigate AI cloud. This new class of CPE features a local Neural Processing Unit (NPU) and enhanced CPU and GPU performance, ensuring more private, secure and lower latency Edge AI use cases. This positions operators as “Home AI” platform providers offering new AI services, while optimizing cloud costs and maximizing CPE capital investment.

“Our focus and vision for the home of the future incorporates AI-enabled devices that can meet and exceed the evolving demands for intelligent interactions between consumers and their digital environment,” said Charles Cheevers, CTO at Vantiva. “With deep insights we’ve gained from serving the connected home industry, we are poised to combine the STBs, broadband gateways and cloud capabilities into a unified AI platform delivering new-AI based assistants, enriched video and audio experiences such as automated multi-lingual services, diversified advertising opportunities and cutting-edge gaming experiences, positioning Service Providers at the forefront of generative AI offerings for consumers.”
Vantiva will be demonstrating the following at IBC:
The STB as central hub of the AI-powered home: With multi-modal inputs such as camera, far-field microphones and speakers, Vantiva’s new STBs enable cutting-edge features such as an AI-powered personal assistant that can understand and engage in human communication. Users can fully engage with this human-like assistant, making interactions with Generative AI feel like real conversations.Shoppable TV: Vantiva’s STBs improve the shopping experience with AI and NPU capabilities. The “Shoppable TV” feature utilizes the NPU for real-time object detection, automatically matching that object in video to a catalog. This allows for instant shopping through the TV via voice commands.Audio accessibility feature improvement: AI greatly enhances the STB by enabling live audio transcription, allowing consumers to enjoy video streams in their original audio with auto-generated subtitles in any language. This local transcription capability helps service providers reduce costs by lessening their dependence on cloud services. Vantiva’s AI-powered transcription technology empowers operators to offer a richer, more inclusive viewing experience around the world. In addition, local AI can detect noise in a room and automatically adjust the TV volume for optimal sound.More immersive gaming experience: By adding a vision camera to the STB, along with NPU acceleration, Vantiva introduces new gesture-based interactions, creating a much more immersive gaming experience. In addition, the ability to run gesture, pose and facial detection models locally on the STB reduces costs and latency by eliminating the need for cloud processing.AI upscaling technology: Vantiva significantly improves existing upscaling technology by leveraging the local STB engine to analyze images in real-time to enhance video quality and enable new features, like upscaling and tracking objects in a video for high-quality Picture-in-Picture.    Broadband Gateways: Vantiva’s broadband gateways complement the STBs with the addition of a NPU on top of their already impressive MIPS count. This allows new broadband apps to run locally for Edge AI services. The broadband gateways also ensure consumer privacy and security by providing real-time activity reports of cameras, microphones and sensors. Additionally, they offer advanced tools to show interactions between devices, leverage the gateways to detect security threats and intrusions and allow consumers to manage or block camera and audio services as needed.Logo – https://mma.prnewswire.com/media/2388773/Vantiva_Logo.jpgPDF- https://mma.prnewswire.com/media/2500516/Vantiva_IBC.pdf
ContactsVantiva Press [email protected] 
Thatcher+Co. for Vantiva [email protected]

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