Connect with us
European Gaming Congress 2024

Artificial Intelligence

New to The Street TV Announces Episodes #295 & #296, Airing on the Fox Business Network, Tonight, Monday, January 24, 2022, at 10:30 PM PT and Tomorrow Night, Tuesday, January 25, 2022, at 10:30 PM PT

Published

on

NEW YORK, Jan. 24, 2022 (GLOBE NEWSWIRE) — FMW Media’s New to The Street TV, a nationally syndicated TV show, announces episodes #295 and #296, airing tonight, Monday, January 24, 2022, at 10:30 PM PT and tomorrow, Tuesday night, January 25, 2022, at 10:30 PM PT on Fox Business Network.

New to The Street’s 295th TV episode airs tonight, Monday, January 24, 2022, 10:30 PM PT, on the Fox Business Network, features the following five (5) Companies and their businesses’ representatives:

1). PetVivo Holdings Inc.’s (NASDAQ: PETV) interview, Mr. John Lai, CEO & President.

2). GlobeX Data Ltd.’s (OTCQB: SWISF) (CSE: SWIS) (FRA: GDT) interview, Mr. Alain Ghiai, CEO.

3). Cryptocurrency – LifeCrypto’s (CRYPTO: LIFE) ($LIFE) interview, Patrick Andras, CEO.

4). Vortex Brands Co’s (OTCPINK: VTXB) interview, Mr. Todd Higley, CEO.

Advertisement
Stake.com

5). Cryptocurrency – Ariva, Inc.’s (CRYPTO: ARV) ($ARV), interview, Ms. Ashlee Stojanovski, Public Relations.

Episode #295

Tonight, Monday, January 24, 2022, New to The Street TV airs Anchor Jane King’s interview with Mr. John Lai, CEO & President, PetVivo Holdings Inc. (NASDAQ: PETV). Mr. Lai talks about the Company’s most recent AAEP (American Association of Equine Practitioners) trade show experience in December 2021, held in Nashville, TN. The Company exhibited PETV’s biomedical devices and its osteoarthritis treatment available to millions of dogs and horses. Lots of veterinary interest came from the show, and John told viewers the US Olympic Equestrian veterinary visited their trade booth. The Company received repeat orders of its Spryng™ with OsteoCushion™ Technology (Spryng™) from introductions made at this Nashville show. The patented Spryng™ product is an injectable treatment for Osteoarthritis and joints, which mimics cartilage and tissue, improving mobility and elevating pain and inflammation. John informed viewers that vetcove.com, an online product site for veterinarians, now carries Spryng™. The US market for Osteoarthritis treatments grows at an annualized rate of over 5%, currently at $4.8B. With pet owners willing to spend thousands of dollars for the well-being of their pets, Mr. Lai explains the humanization process by pet owners and why he sees this upward trend continuing in pet care spending. John gives his 2022 expectation with expanding the PetVivo product lines into other domestic and exotic animal species and the roll-out of the osteoarthritis treatment designed for cats.

New to The Street TV show airs tonight, Monday, January 24, 2022, Mr. Alain Ghiai’s, CEO, GlobeX Data, Ltd. (OTCQB: SWISF) (CSE: SWIS) (FRA: GDT) weekly interview with Anchor Jan King. Viewers learn about SWISF’s filing with OTC MARKETS to up-list the Company’s shares onto the OTCQX trading platform. Alain explains that the OTCQX platform is recognized internationally. Because SWISF meets OTC MARKETS’ up-listing financial requirements, GlobeX Data proceeded with the filing to trade on the top-tier platform. Alain states the goal is to list on a “Big Board” exchange like NASDAQ. In terms of Corporate ongoings, Alain told viewers about the successful testing of the Sekur Messanger text (SMS). The test verified that a Sekur subscriber could send a text message and invite a non-subscriber, with both parties’ text messages remaining private and protected. The Company’s Sekur® solutions are the only provider that can prevent hacks from text messages. Apple, Google, Microsoft, and other open-source platforms remain susceptible to hacks. As an added protection to subscribers, GlobeX Data Ltd. operates its internet platforms and security businesses under the country of Switzerland’s very tough privacy laws.

On New to The Street TV, tonight, Monday, January 24, 2022, Mr. Patrick Andras, Chief Executive Officer, LifeCrypto (CRYPTO: LIFE) ($LIFE), speaks with Anchor Jane King, explaining the Company’s innovative and easy-to-use new crypto payment solution. Patrick, also known as “BIG DAWG Crypto” on Twitter (@woffBIGDAWG), describes $LIFE and why he started the Company in September 2021. Because cryptocurrency transactions remain limited and cumbersome, the LIFE app under development looks to change the legacy current payment platforms. Merchants only accept cash, check, and credit with some limited exceptions. $LIFE looks to make a significant change, whereas crypto is seamlessly accepted and is easy to use. Patrick says that the app allows users to send crypto payments just with a username, eliminating those long blockchain wallet addresses. Once the app becomes fully deployed both on iOS and Android, users can expect a fee-free experience. Anyone can purchase $LIFE which trades on several recognized crypto exchanges like BitMart. Other information regarding the Company and $LIFE are on the website, https://lifecrypto.life/.

Advertisement
Stake.com

Tonight, Monday, January 24, 2022, New to The Street TV airs the interview with Mr. Todd Higley, Chief Executive Officer at Vortex Brands Co. (OTC: VTXB). TV Anchor Jane King talks with Todd about the Company’s Bitcoin mining and green energy businesses. Todd explains that the Company continues to scale its Bitcoin mining activities upwardly with the business objective to use revenues to launch a green energy solution. The Company looks to improve and recycle energy with improvements to the electrical energy grid. Bitcoin mining needs a reliable green energy solution because mining is energy-intensive, and VTXB looks to be that innovator. $BTC miners support Bitcoin transactions through centralized computer networks, working in tandem, then miners share in the transaction profits. Todd told viewers that in 10-weeks of mining, the Company’s average price per BTC earned was around $22,000. The Company expects to continue to scale up its BTC mining division throughout 2022.

Airing again on New to The Street TV tonight, Monday, January 24, 2022, the interview with Ms. Ashlee Stojanovski, Public Relations, Ariva, Inc. (CRYPTO: ARV) ($ARV). Talking with TV Anchor Jane King, Ashlee explains the Company’s global and local tourism and travel networks, using their cryptocurrency token, $ARV. Passionately, Ashlee explains the foundation of Ariva and the first of its kind crypto platform used for everything related to travel. With the creation of a Defi travel blockchain ecosystem, Ariva connects travelers in many ways, reducing costs and aggravations that typically occur when traveling. Ashlee explains ARIVA’s goal to become the travel platform of choice while using and making travel arrangements with the $ARV token. Ariva is designing and developing three ecosystems. The Ariva.World, Ariva.Club and Ariva.Finance platforms provide users a unique one-of-kind experience, completely different from traditional travel/tourism. One of its main aims is to eliminate the complexity and difficulty of using the local currency in the destination country. The Ariva.Club, a social media platform, awards tokens for users to interact with others in the community, sharing inputs about travel experiences. A staking feature is forthcoming in the ensuing months ahead. And a Metaverse platform is coming soon, too. Ashlee reveals that since its inception in May 2021, ARIVA now has over 200,000 members and growing.

================================================================================================================

Episode #296

New to The Street’s 296th TV episode airs tomorrow night, Tuesday, January 25, 2022, 10:30 PM PST, on the Fox Business Network, features the following four (4) Companies and their businesses’ representatives:

Advertisement
Stake.com

1). Artificial Intelligence Technology Solutions, Inc.’s (OTCPINK: AITX) interview, Mr. Steve Reinharz, CEO.

2). Rego Payments Architectures, Inc.’s. (OTCQB: RPMT) interviews, Mr. Rick Lane, Advisor, and Ms. Kathy Copcutt, Lifestyle Parenting Expert.

3). Cryptocurrency – LifeCrypto’s (CRYPTO: LIFE) ($LIFE) interview, Patrick Andras, CEO.

4). Sekur’s® (a GlobeX Data, Ltd. division) (OTCQB: SWISF) (CSE: SWIS) (FRA: GDT) “Weekly Hack – SPECIAL SEGMENT” interview, internet privacy expert Mr. Alain Ghiai, CEO.

New to The Street TV airs tomorrow, Tuesday, January 25, 2022, TV Anchor Jane King’s interview with Mr. Steve Reinharz, Chief Executive Officer at Artificial Intelligence Technology Solutions, Inc. (OTCPINK: AITX), a robotic and artificial intelligence-based hardware (AI) and software solutions Company. AITX owns three subsidiaries, Robotic Assistance Devices (RAD), Robotic Assistance Devices – Mobile (RAD-M), and Robotic Assistance Device – Group (RAD-G). Steve gives viewers a comprehensive update on current corporate ongoings. During the last part of 2021, the Company closed on new deals, raised money, developed new products, added new team members, and successfully navigated COVID issues. Steve told viewers about the robot dog, “JunkYard Dog,” and the technological collaboration to bring this robot to market sometime in 2022. The robot’s advanced feature gives end-users a unique and modern security product with cutting-edge technology. The Company continues the development of its intelligent autonomous delivery vehicle with a multifunctional chassis for use in many different industry settings. Steve sees the vehicle’s first use in a close loop setting, like universities, corporate campuses, and private neighborhoods. The Company’s other product, “ROAMEO,” provides a patrol and interactive security solution for various situations, helping with the employee shortages in the security industries. Steve expects a strong future ahead with over 15 development stages projects.

Advertisement
Stake.com

Tomorrow, Tuesday, January 25, 2022, New to The Street TV’s Anchor Jane King interviews Mr. Rick Lane, Advisor, and Ms. Kathy Copcutt, Lifestyle Parenting Expert. They talk about Rego Payment Architectures, Inc. (OTCQB: RPMT) (“REGO”), a neo-bank and privacy-first fintech platform Company for commercial and individual online and in-store wallet applications. Mr. Lane explains the rise in the adoption rates since the Mazoola digital wallet app launched in November 2021. Mazoola super digital wallet app, a privacy-first platform, is independently COPPA (Children’s Online Privacy Protection Act) certified, ensuring children’s privacy at all times. Kathy Copcutt, a lifestyle parenting expert, compares the Mazoola and Venmo wallets. She explains that the best feature and the most significant difference is that REGO’s Mazoola never collects data on children and provides children with finance educational and charity contribution tools. Mazoola is currently the only digital banking solution that puts privacy first and helps teach kids essential financial management skills. The Mazoola app makes it fun for children to learn and teach financial literacy and is available for download for iOS and Google Android. Rick offered viewers the chance for parents to download the Mazoola wallet, and REGO will deposit $10.00 into your child’s account. He reminds viewers they can use the Mazoola super digital wallet app “FREE” for 12-months- https://mazoola.co/.

Tomorrow, Tuesday, January 25, 2022, New to The Street TV airs again the interviews with Mr. Patrick Andras, Chief Executive Officer, LifeCrypto (CRYPTO: LIFE) ($LIFE), who explains the Company’s innovative and easy-to-use new crypto payment solution. Talking with Anchor Jane King, Patrick, also known as “Big Dawg Crypto” on Twitter, explains $LIFE and why he started the Company in September 2021. Because cryptocurrency transactions remain limited and cumbersome, the LIFE app under development looks to change the current payment platform. Merchants only accept cash, check, and credit with some limited exceptions. $LIFE looks to make a significant change, whereas crypto is seamlessly accepted and is easy to use. Patrick says that the app allows users to send crypto payments just with a username, eliminating those long blockchain wallet addresses. Once the app becomes fully deployed both on iOS and Android, users can expect a fee-free experience. Anyone can purchase $LIFE which trades on several recognized crypto exchanges like BitMart. Other information regarding the Company and $LIFE are on the website, https://lifecrypto.life/.

The “WEEKLY HACK – SPECIAL SEGMENT” about Sekur®,GlobeX Data, Ltd. division, with the internationally acclaimed internet privacy expert, Mr. Alain Ghiai, CEO, airs tomorrow, Tuesday, January 25, 2022. This week Alain talks with TV Anchor Ana Berry about the WordPress.com hack. Its most significant problem is the plug-in features from open-source code as a website builder program. Based on how they are used and developed, those plug-ins gave hackers easy access to websites built on this platform. Alain suggests that viewers who might use WordPress go to their website and look for patches to correct the suspect plug-ins. Sekur doesn’t use open public file services and open-source codes; the Company owns its servers, no 3rd party platforms, and offers multiple data center redundancies with reliable sources of electricity. Since GlobeX Data, Ltd. operates its internet platforms and security businesses under Switzerland’s very tough privacy laws, subscribers are not victims of unknown subpoenas that often occur with tech providers under the US CLOUD ACT. This US law allows courts to collect data that might be shared or leaked. Alan gave an update on a successful test of Sekur Messenger, which enables the subscriber to invite a non-subscriber to text, ensuring a secure and private transmission. Alan promised to give further updates on his next appearance on the show. What is the price of your privacy worth?

About PetVivo Holdings, Inc. (NASDAQ: PETV):

PetVivo Holdings, Inc. (NASDAQ: PETV) is an emerging biomedical device company currently focused on manufacturing, commercialization, and licensing innovative medical devices and therapeutics for companion animals. The Company’s strategy is to leverage human therapies to treat companion animals in a cost and time-efficient way. A vital component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market much earlier than more stringently regulated pharmaceuticals and biologics. PetVivo has a pipeline of seventeen products to treat animals and people. A portfolio of twenty-one patents protects the Company’s biomaterials, products, production processes, and use methods. The Company’s lead product Spryng™, a veterinarian-administered, intraarticular injection for the treatment of lameness and other joint-related afflictions, including Osteoarthritis, in dogs and horses, is scheduled for expanded commercial sales – https://petvivo.com/.

Advertisement
Stake.com

About GlobeX Data, Ltd. (OTCQB: SWISF) (CSE: SWIS) (FRA: GDT):

GlobeX Data Ltd. (OTCQB: SWISF) (CSE: SWIS) (FRA: GDT) is a Cybersecurity and Internet Privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure messaging applications, encrypted emails, secure communications, and secure data management tools, using Swiss privacy laws, proprietary technology, and its independent platform, away from big techs hosting platforms. GlobeX Data Ltd. sells its products through approved wholesalers, distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses, and governments worldwide – https://www.globexdata.com. Sekur® is a Swiss secure communications application offering secure and private messaging, emails, voice messages, self-deleting messages, and file transfers from any mobile device, tablet, or desktop. Sekur users can communicate with Sekur and non-Sekur users through its unique Chat-By-Invites feature and Sekur, send email system. All data traffic stays in GlobeX Data’s Swiss-hosted servers, using its proprietary HeliX technology, military-grade encryption, and benefiting from Swiss Privacy Laws – https://sekur.com & Twitter: @globexdata.

About LifeCrypto (CRYPTO: LIFE) ($LIFE):

LifeCrypto (CRYPTO: LIFE) ($LIFE) is an innovative payment network and a new kind of money. Sending cryptocurrency is generally a clunky process; one must copy and paste a long string of arbitrary numbers and characters and check and verify it is the correct address before sending. Life provides flexibility and simplicity to crypto users, allowing hassle-free transactions, using just the receiver’s username to send funds. The Staking & NFT subscription vaults are within the app. If you want to know where to buy LifeCrypto, the top cryptocurrency exchanges for trading in Life Crypto stock are currently CoinTigerGate.ioMEXC, and BitMarthttps://lifecrypto.life/.

About Ariva, Inc. (CRYPTO: ARV) ($ARV):

Advertisement
Stake.com

Ariva, Inc. (CRYPTO: ARV) ($ARV) launched its cryptocurrency $ARV in May 2021. The Ariva ecosystem focuses on uses in the global and local tourism and travel networks. The project is a worldwide B2C travel & tourism network where members can meet with global and local tourism service providers. Previous travelers’ experiences and comments, making bookings with cryptocurrencies, earning crypto money from their reservations, and valuable content sharing are part of the Ariva experience. The project aims to achieve active use in the tourism and travel industry, one of the world economy’s largest and most important industries. ARIVA aims to produce a cryptocurrency trade exchange and ensure that ARV is actively used in the tourism industry – https://ariva.digital/.

About Vortex Brands Co. (OTC: VTXB):

Vortex Brands Co. (OTCPINK: VTXB) is actively mining Bitcoin by purchasing and maintaining ASIC (application-specific integrated circuit) computers specifically designed for Bitcoin mining and actively scaling up mining operations to direct revenues toward improving the electric grid. Vortex will provide as a service multipurpose Phase Angle Synchronization (PAS) equipment to electric utilities nationwide. PAS is a one-of-a-kind technology designed to solve problems caused by the inefficient power consumption of electric motors. PAS protects the grid from excessive wear and damage, increases reliability by reducing line congestion and increasing reserve margin, at genuine cost savings for the utility – https://www.vortexbrands.us/.

About Artificial Intelligence Technology Solutions (OTCPINK: AITX):

Artificial Intelligence Technology Solutions, Inc. (OTCPINK: AITX) is an innovator in delivering artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges, and fuel new business ideas. AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business through their next-generation robotic product offerings. AITX technology improves the simplicity and economics of patrolling and guard services, allowing experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced costs. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.aiwww.radsecurity.comwww.radlightmyway.com, and Twitter: @SteveReinharz.

Advertisement
Stake.com

About REGO Payment Architectures, Inc. (OTCQB: RPMT):

REGO Payment Architectures, Inc. (OTCQB: RPMT) (“REGO”) is a digital solution that enables children to stay safe in today’s tech-first environment. The REGO Digital Wallet platform, MazoolaSM, allows parents and guardians to enable online shopping or digital spending at approved retailers, control what funds are available for which purchases, and reward children or pay allowance via the app. REGO is an innovative financial platform uniquely positioned due to its Children’s Online Privacy Protection Act (COPPA) and General Data Protection Regulation (GDPR) compliance- www.regopayments.com.

About FMW Media: 

FMW Media operates one of the longest-running US and International sponsored and Syndicated Nielsen Rated programming TV brands “New to the Street” and its blockchain show “Exploring The Block.” Since 2009, these brands have run biographical interview segment shows across major U.S. Television networks. The TV platforms reach over 540 million homes in the US and international markets. NEWSMAX / New to The Street TV show airs its syndication on Sundays at 10 AM ET. FMW is also one of the nation’s largest buyers of linear Television long and short-form – https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/.

Forward-Looking Statements Disclaimer:

Advertisement
Stake.com

Investing in Micro-cap, Emerging Growth, and Crypto Companies is highly speculative and carries an extremely high degree of risk. An investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. Readers and viewers are encouraged to invest carefully and read and evaluate all available information on companies featured on the program. Investors should read the United States Securities and Exchange Commission website, www.sec.gov, and the Financial Industry Regulatory Authority (FINRA), www.finra.org to learn more about risks and avoid potential fraud. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

FMW Media Contact:
Bryan Johnson
+1 (631) 766-7462
[email protected]

And

“New to The Street” Business Development office
1-516-696-5900
[email protected]

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18e3f73b-1f90-4cee-8034-e16f6330284d

Advertisement
Stake.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Transforming Healthcare with AI: Yidu Tech’s Gong Rujing at Summer Davos

Published

on

transforming-healthcare-with-ai:-yidu-tech’s-gong-rujing-at-summer-davos

DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”

This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”

View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html

Continue Reading

Artificial Intelligence

Yidu Tech’s FY2024 results: existing business achieves first full-year profit on adjusted EBITDA

Published

on

yidu-tech’s-fy2024-results:-existing-business-achieves-first-full-year-profit-on-adjusted-ebitda

HONG KONG, July 1, 2024 /PRNewswire/ — On June 27, 2024, Yidu Tech Inc. (the ”Company” or ”Yidu Tech”) (2158.HK), a leader in China’s AI medical industry, announced its results for the 2024 fiscal year. During the reporting period, the Company recorded revenue of RMB 807.1 million. Gross profit margin in FY2024 increased to 42.1% from 34.1% in FY2023, representing an increase of 8 percentage points, hitting a record high. Adjusted net loss narrowed from RMB 448.7 million in FY2023 to RMB158.1 million, down 64.8% year-on-year. The management of Yidu Tech said at the annual results conference the next day that excluding strategic investments in proprietary large language model, non-cash items, and non-operating items, the adjusted EBITDA for our current business has achieved profit, moving from a RMB 327 million loss to a profit of RMB 31.1 million for the first time this fiscal year.

Management added that as of market close on June 27, the Company’s P/B ratio has decreased to 1.06. Not including the valuation of its domestic and international businesses, its market value is still lower than its fund reserves on hand. As such, management believes that the Company’s share price is still severely undervalued. Notably, renowned sovereign fund BIA has continually increased its shareholding of Yidu Tech by 21.50% over the past two months. The management is confident in the Company’s long-term growth potential and hopes to continually create innovative technologies and increase returns to its shareholders.
In FY2024, Yidu Tech focused on its core business, improving internal operating efficiency and earning quality. Among its earnings, revenue from its big data platform and solutions segment reached RMB 313.6 million, an increase of 41.4% year-on-year. Revenue from its life science solutions segment reached RMB 324.0 million, up 28.1% year-on-year and the gross margin increased by 14.6 percentage points to a historical high of 32.1%. Revenue from its health management platform and solutions segment reached RMB 169.5 million, and the gross profit margin of this segment was 58.1%, representing a year-on-year increase of 17.4 percentage points.
During the reporting period, the Company has continued the development and training of large language model in the medical vertical field based on 500 billion fine-trained Tokens, with model training for 6B, 13B, and 70B parameters completed.

View original content:https://www.prnewswire.co.uk/news-releases/yidu-techs-fy2024-results-existing-business-achieves-first-full-year-profit-on-adjusted-ebitda-302185986.html

Continue Reading

Artificial Intelligence

Lucinity’s AI Innovation Recognized at Microsoft’s Prestigious Global Partner Awards 2024

Published

on

lucinity’s-ai-innovation-recognized-at-microsoft’s-prestigious-global-partner-awards-2024

REYKJAVIK, Iceland, June 28, 2024 /PRNewswire/ — Lucinity has been recognized as a finalist in the AI Innovation category at the prestigious Microsoft Global Partner Awards 2024, recognizing its breakthrough AI solution and contribution to financial security through its collaboration with Microsoft. 

Lucinity beat more than 4,700 companies to be named a finalist at the annual Microsoft Global Partner Awards, which highlights Lucinity’s achievements as a Microsoft partner in optimizing business processes, improving customer experiences, and opening new pathways for digital transformation.
This achievement comes in addition to winning two prestigious awards at Microsoft Partner Awards 2024 last month, including Partner of the Year – Iceland, and the Sustainability and Social Impact award.
The accolade recognizes Lucinity’s significant advancements in AI for financial crime operations, particularly through their AI-powered copilot, Luci. This innovative solution utilizes Microsoft Azure OpenAI technology to integrate advanced generative AI into financial crime investigations and regulatory compliance, optimizing processes and saving significant time and resources for financial institutions.
The Lucinity platform streamlines compliance, provides instant insights, and reduces typical investigation times from three hours to just 30 minutes. The technology can also save financial institutions an estimated $100 million in productivity savings, as well as savings in training and recruitment.
Microsoft comments on Lucinity’s award recognition, saying “Financial crime profoundly impacts our global community, with far-reaching economic, security, and social implications. It can harm a country’s reputation and increase exposure to criminal activities, emphasizing the critical need for robust anti-money laundering initiatives and persistent vigilance. Lucinity, with their innovative AI solutions, has really tried to combat this huge global challenge. They use ‘Human AI’ to enhance financial crime prevention, combining AI with human expertise for efficient, user-friendly solutions. Additionally, Lucinity has developed a tool called Luci, an AI-powered copilot that helps transform financial crime prevention from a process that took hours to one that takes minutes.”
“Being recognized as a finalist at the Microsoft Global Partner Awards is  validation of our impactful collaboration with Microsoft in financial crime operations. Our partnership has been pivotal for our innovations, enabling us to use Azure OpenAI to bring tools like Luci to life and deliver impactful results for our clients,” says Guðmundur Kristjánsson, Founder & CEO of Lucinity.
Contact:Name: Celina PabloEmail: [email protected]: +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/lucinitys-ai-innovation-recognized-at-microsofts-prestigious-global-partner-awards-2024-302186091.html

Continue Reading

Trending