Artificial Intelligence
Liquid Media is Aggressively Pursuing Acquisitions, CEO Tells M&A News Service
VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) — In a recent run of media interviews and appearances, Ronald Thomson, CEO of Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”) (Nasdaq: YVR), discussed the Company’s aggressive acquisition goals and how its partnership with dotstudioPRO opens the distribution door to more than 815-million viewers worldwide via over-the-top (OTT) media platforms like Amazon Prime, Roku, Tubi and more. In lead up to the 2021 Toronto International Film Festival (TIFF), Thomson’s in-depth industry conversation with indiefilmTO also revealed details for independent producers, mini-majors and studios that want to work with Liquid to have their professional projects packaged, financed, delivered and monetized.
As published by Mergermarket, a subscription-based news service for the global professional investment community, with readership of 200,000+, including investment banks, private equity and venture capital firms, law and accounting firms, and other corporate advisors, Liquid “is eyeing roughly 20 acquisition targets, with its first three deals recently announced and two more ‘in very advanced stages,’” Thomson said.
“To date, Liquid Media has [focused on] companies with up to USD 10M in revenue, though [we] would look at larger deals,” Thomson told Mergermarket, which reports on corporate merger and acquisition (M&A) news. The article also detailed that “targets tend to be clustered in media and entertainment meccas such as Hollywood/Los Angeles, New York, Toronto, Vancouver, the UK, China, Taiwan, Japan and South Korea.”
Film Daily: Liquid’s Reach Nearly 1-Billion Households Worldwide
A story by Film Daily showcased the recent partnership between Liquid and dotstudioPRO, a technology, consulting and video distribution company that delivers SaaS-based content management, distribution, marketing and monetization solutions for the media, broadcast and entertainment sectors. In it, Thomson is quoted on the importance of industry alliances and the power they bring to Liquid’s recalibrated business model and four-stage solution engine.
“I am thrilled about this new partnership with dotstudioPRO. They are adding another powerful level of distribution for our content that brings our reach to nearly a billion households worldwide. It’s this distribution network, made up of all our partners, that gives Liquid Media Group’s library the full spectrum and highest level of delivery,” he said.
indiefilmTO: Negotiations Underway for Future Acquisitions
Partnerships, joint ventures and acquisitions were also hot topics when Thomson joined actress Virginia Kingston and her co-host, filmmaker and producer Sen Katpaganathan for a lively discussion via indiefilmTO. The outlet and its podcast focus on entrepreneurial and start-up development for independent filmmakers, with specific attention on film financing, project management, career development and marketing. In addition to filmmakers, past interview guests include executives from TIFF and Telefilm Canada, as well as the City of Toronto’s Film Commissioner and Director of Entertainment Industries.
“We can partner [or] joint venture with companies, and that’s often a very efficient way of doing things,” Thomson told indiefilmTO. “Some of these core competencies [across the four stages of Liquid Media’s business engine] we would like to…utilize by owning in-house…We’ve announced our first three acquisitions [including iNDIEFLIX, Filmocracy and iGEMStv]. They all sit in our fourth stage, which is the monetization stage…We have several others that we are in the process of negotiating and hopefully coming close to announcing some new ones soon.”
Thomson also discussed at length ways that content creators can work with Liquid. The Company invites interested industry personnel and investors who want to better understand the process to watch the full interview.
Additionally, Thomson made a recent return appearance via a television interview with The Big Biz Show, which broadcasts into more than 110-million U.S. homes and is simulcast on 150+ radio stations.
“We actually take a very statistical, scientific approach, in addition, of course, to breaking down the artistic aspects of any project – the script and the various elements to it,” Thomson said to Big Biz Show host Bob “Sully” Sullivan, in discussing the roles that artificial intelligence (AI) and big data analytics technology are playing in Liquid’s end-to-end solution for independent IP creators. “That helps us to better de-risk and also predictively model how [a project] will perform, whether it goes to television, streaming, box offices or cinemas across the world.”
News announcements and media coverage for Liquid are available on the company’s website.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company empowering independent IP creators. Liquid’s end-to-end solution will enable professional video (film/TV and video game) creation, packaging, financing, delivery, and monetization, empowering IP creators to take their professional content from inception through the entire process to monetization.
Additional information is available at www.LiquidMediaGroup.co.
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Primoris Group Inc.
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Jane Owen
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Cautionary Note Regarding Forward-Looking Statements
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward-looking statements are typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Such forward looking statements include, but are not limited to, that the Company will be able to consummate the acquisitions of iNDIEFLIX, Filmocracy and iGemsTV, as well as in respect of additional acquisitions being negotiated by the Company in respect of which no agreement has yet been reached. The Company cautions that the iNDIEFLIX, Filmocracy and iGemsTV acquisitions, as well as all proposed acquisitions, are subject to a number of closing conditions and approvals and there can be no certainty that these acquisitions will be closed on the terms first announced or at all. These statements should not be read as guarantees of future performance or results. Further, such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: developments related to the COVID-19 pandemic, the Company’s ongoing due diligence investigations, required third party approvals, regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Artificial Intelligence
Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”
RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.
Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.”
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/global-ai-summit-calls-for-global-action-to-guarantee-ai-innovation-is-for-the-good-of-humanity-302248334.html
Artificial Intelligence
Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification
XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.
GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions.
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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View original content:https://www.prnewswire.co.uk/news-releases/akuvox-s567g-smart-indoor-monitor-has-received-google-mobile-service-certification-302248219.html
Artificial Intelligence
SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.
SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/seabubbles-accelerates-sustainable-maritime-mobility-with-smartbubble-and-strategic-acquisition-302247900.html
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