BOSTON, May 7, 2024 /PRNewswire/ — The Silicon Photonics and PICs market is experiencing robust growth, driven by the surge in AI and datacom transceiver demand. Key players in the industry, such as Intel, Coherent, and Infinera, are actively using PICs within their transceivers.

What are the benefits and challenges for Silicon Photonics and Photonic Integrated Circuits?
Photonic Integrated Circuits (PICs) are tiny optical systems made of materials such as Silica (Glass), Silicon, or Indium Phosphide. PICs enable everything from complex optical designs that allow billions of bits of information to be sent and received in a package the size of a candy bar to artificial noses that can detect different compounds and molecules in the air around them.
By leveraging the billions of dollars in investment in the CMOS chips, PICs can unlock new processing scaling potential beyond Moore’s law. However, there are still significant challenges for the PIC market, such as material limitations, integration complexity, and cost management. Large demand volumes are required to offset the initial cost of designing and manufacturing PICs, and production lead times can take months. The brand new IDTechEx report on the topic, ‘Silicon Photonics and Photonic Integrated Circuits 2024-2034: Market, Technologies, and Forecasts’, thoroughly investigates the PIC market and has identified Photonic Transceivers for AI as an emerging segment that is soon to be the largest source of demand for PICs.
What are the PIC materials of the future?
There is a wide variety of future PIC materials. Most of the current market uses Silicon and Silica-based PICs for light propagation; however, as an indirect semiconductor, Silicon is not an efficient light source or photodetector. Therefore, Silicon is usually combined with III-V materials for light sources and photodetection. Silicon’s market dominance is set to continue; however, Thin Film Lithium Niobate (TFLN), with its moderate Pockels effect and low material loss, is emerging as a strong contender for applications that require high-performance modulation, such as quantum systems or potentially high-performance transceivers in the future. Monolithic Indium Phosphide (InP) continues to be a major player due to its ability to detect and emit light. Additionally, innovative materials like Barium Titanite (BTO) and rare-earth metals are being explored for their potential in quantum computing and other cutting-edge applications.
How AI is changing the demand for Silicon Photonics and PICs
The rise of Artificial Intelligence (AI) has spurred an unprecedented demand for high-performance transceivers capable of supporting the massive data rates required by AI accelerators and data centers. Silicon Photonics and PICs are at the forefront of this revolution, with their ability to transmit data at speeds of 1.6Tbps and beyond. As shown by Nvidia’s latest Blackwell CPUs, which, according to IDTechEx’s research, require approximately two 800G transceivers per GPU, the need for efficient, high-bandwidth communication is becoming more critical for AI, positioning Silicon Photonics and PICs as essential components in the AI-driven future. The biggest driver of the development of PIC transceivers is AI, as higher-performance AI accelerators will require higher-performance transceivers, with 3.2Tbps transceivers expected to arrive by 2026.
What are the future applications?
Other applications for Silicon Photonics and PICs vary – from high-bandwidth chip-to-chip interconnects to advanced packaging and co-packaged optics. These technologies are paving the way for next-generation computing.
Photonic Engines and Accelerators: Using certain photonic components, such as Mach-Zehnder Interferometers, and controlling these components through electro-optical interconnects, high-performance processors and programmable PIC devices can be designed and manufactured, unlocking higher performance than what is possible with electronic accelerators alone.
PIC-based Sensors: Certain PIC materials, such as Silicon Nitride, can used for a range of different sensors, from gas sensors to ‘artificial noses’. The healthcare sensor industry may be able to take advantage of the miniaturization of optical components into PIC devices, which could see applications in Point-of-Care diagnostics or Wearables.
PIC-based FMCW LiDAR has the potential to transform the automotive and agricultural industries with applications in drones and autonomous vehicles.
Quantum Systems: Companies investing in Trapped Ion and Photon-based Quantum Computing are looking to PICs for more stable and scalable quantum systems. PICs are used in photonic quantum systems to achieve the precise control of photons necessary for quantum computation.
The market for Silicon Photonics and PICs is experiencing robust growth, driven by the surge in AI and datacom transceiver demand. Key players in the industry, such as Intel/Jabil, Coherent, and Infinera, are actively using PICs within their transceivers. Innolight, a China-based transceiver company, hit 1.6Tbps of transfer speed in their latest transceivers in late 2023, which are due to start shipping for data-center applications in 2024. Coherent, which has its own InP wafer fab facilities, is also developing higher-performance transceivers for 1.6T+ applications. Intel Silicon Photonics, which is potentially going to be acquired by manufacturing firm Jabil, sold ~1.7 million PICs in 2023, according to IDTechEx’s analysis, and is continuing to develop datacom and telecom transceivers.  IDTechEx forecasts that PIC technology will continue dominating the high-performance transceiver market, further solidifying its position as a critical component in the modern technological landscape.
Key aspects of the IDTechEx report, ‘Silicon Photonics and Photonic Integrated Circuits 2024-2034: Market, Technologies, and Forecasts’, include:
Key Player Analysis for the High-Performance PIC-based Transceiver MarketA breakdown of Co-Packaged Optics and its key conceptsAnalysis of Photonic Integrated Circuits for Quantum SystemsBenchmarks and comparisons of photonic materials, with an industry breakdown by material. It also includes an insight into emerging materials such as Thin-Film Lithium Niobate (TFLN) and Barium Titanite (BTO).Photonic Integrated Circuit Fundamentals and Key Concepts, including important components and underlying principles.An analysis of how AI is changing demand for PIC-based transceivers, with a look at how Nvidia’s recommended server architecture requires large numbers of transceivers.An overview of PIC manufacturing techniques.A look into future applications of PICs such as interconnects, LiDAR, biosensors, and gas sensors.To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/SemiPIC.
Upcoming free-to-attend Webinar
Photonic Integrated Circuits: Materials, Forecasts, and How AI Accelerator Demand Is Affecting the PIC Market
James Falkiner, Technology Analyst at IDTechEx and author of this article, will be presenting a free-to-attend webinar on the topic on Thursday 30 May 2024 – Photonic Integrated Circuits: Materials, Forecasts, and How AI Accelerator Demand Is Affecting the PIC Market.
This webinar will include:
What is a photonic integrated circuit?What are current and future applications for PICs?An insight into IDTechEx’s Total PIC Market ForecastsHow AI accelerator demand is affecting the PIC Transceivers marketThe roadmap for the future of Datacom TransceiversPIC Material Benchmarks and ForecastsPlease click here to check timings and register for your specific time zone.
If you are unable to make the date, please register anyway to receive the links to the on-demand recording (available for a limited time) and webinar slides as soon as they are available.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.
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Trintech’s Enterprise Platform, Cadency, Recognized for Strengths in Customer Service, Configurability, User Interface, Data Handling, and Integration
DALLAS, May 7, 2024 /PRNewswire/ — Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, is pleased to announce it has been named a Leader in ISG’s Provider Lens™ Finance and Accounting Platforms 2024 for Record to Report Capabilities. According to ISG, companies named Leaders have a comprehensive product and service offering, a strong market presence and established competitive position. The product portfolios and competitive strategies of Leaders are strongly positioned to win business in the markets covered by the study and represent innovative strength and competitive stability.

“We are honored that ISG has recognized Trintech’s enterprise platform, Cadency, as a leader in its latest Finance and Accounting Platforms 2024 report,” said Darren Heffernan, CEO of Trintech. “Our mission is to lead productivity transformation in finance and accounting by establishing an integrated platform for the Office of the CFO. By eliminating manual burdens and driving efficiency through innovative, purpose-built solutions, we aim to give people back their time, ensuring accuracy to mitigate risk and empowering strategic decision-making. This makes the ‘continuous close’ possible – providing more accurate and up-to-date financial information, improved visibility into financial performance, and a reduced risk of errors or discrepancies going unnoticed for long periods. This is critical to help organizations make more informed decisions in real-time and react more quickly to changes in their financial position. This acknowledgment reaffirms our commitment to prioritizing customer success and fostering continuous innovation to empower organizations with seamless Record to Report processes.”
Built for large enterprises, Cadency is the leading end-to-end platform for Record to Report processes including transaction matching (Cadency Match), account reconciliation (Cadency Certification), journal entry (Cadency Journal Entry) and close task management (Cadency Close). As a leader in mature AI Technologies for the financial close, Cadency’s machine learning algorithms and robotic process automations minimize manual efforts and efficiently manage risk throughout Record to Report activities. This is bolstered by Cadency’s dedicated integrations with (and certifications by) leading ERPs as well as Trintech’s Universal Connectors that provide integration with virtually any 3rd party system. Cadency enhances visibility for global leadership, ensures policy adherence, manages risk, reduces menial efforts, and enables a controlled transformation of accounting operations while minimizing change management effort.
“Trintech’s Cadency platform offers comprehensive support, user-focused innovation, effortless data integration and extensive customization options to enhance efficiency,” Gaurang Pagdi, Lead Analyst at ISG.
To access a complimentary copy of the complete report, please download here.
About Trintech
Trintech gives people time back for what matters most. Our cloud–based platform and solutions enable over 4,200 clients worldwide to lead productivity transformation across their finance and accounting organizations — driving efficiencies, ensuring accuracy to mitigate risk, and empowering strategic decision-making. Make time count with Trintech.
As the leader in Financial Close Management, Trintech is headquartered in Plano, Texas with offices and strategic resellers across United States, Europe, Australia, South America, Africa, and Asia Pacific. With a strong partner ecosystem, Trintech collaborates with over 100 companies to create a network of interconnected businesses. To learn more about Trintech, visit www.trintech.com.
Media Contact: Kelli Shoevlin Director, Global Corporate Marketing & Communications [email protected] 
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Released today, first IDJC ElectionGraph report reveals the biggest spenders on social media political ads, their affiliations and patterns in their content
SAN MATEO, Calif., May 7, 2024 /PRNewswire/ — Neo4j®, the world’s leading graph database and analytics company, today announced a $250,000 research grant and licensed use of its software to Syracuse University’s Institute for Democracy, Journalism and Citizenship (IDJC). The grant supports the university’s yearlong research initiative to identify and map misinformation campaigns and their sources with the potential to mislead voters’ decisions in the U.S. 2024 elections.

The announcement comes with the launch of IDJC ElectionGraph which identifies the origins of misinformation campaigns within social media ad spending, focusing on Facebook and Instagram initially, given their broad reach of more than half of the U.S. voting population. The project uses Neo4j’s graph database and analytics enabling researchers to connect, traverse and analyze large volumes of connected datasets faster and more easily than any other technology.
The research project is led by Professor Jennifer Stromer-Galley, senior associate dean at Syracuse University’s School of Information Studies and a nationally recognized expert in political campaigns and misinformation. She is conducting the research in collaboration with the IDJC’s Kramer Director Margaret Talev, a professor of practice at the Newhouse School of Public Communications and journalist specializing in American politics, elections and the White House; and IDJC research director Johanna Dunaway, a political science professor at the Maxwell School of Citizenship and Public Affairs and expert in political communication, partisan polarization and mass media.
IDJC will release periodic reports of its research findings and insights to the public throughout the year, along with an interactive dashboard that will assist journalists in investigating misinformation campaigns impacting the U.S. elections.
IDJC ElectionGraph: Initial FindingsThe first report in the series was released today, titled “IDJC ElectionGraph: How Social Media Ads Mentioning Biden or Trump Shape 2024’s Election Information Landscape.” It analyzes paid advertisements on Facebook and Instagram between September 1, 2023 to February 29, 2024 mentioning Presidential candidates Joe Biden or Donald Trump.
Conservative-leaning groups are the top ad spenders: Liberty Defender Group, the highest spender at over $1.3 million, is not linked to any political organization but their ads indicate a pro-Trump alignment. The second highest spender at more than $1 million is AFP Action or Americans for Prosperity, a conservative organization that endorsed Nikki Haley.More than 24,000 ad buys were made by over 1,800 groups, totaling an estimated $15.3 million. The organizations that ran ads varied from well-known entities like political action committees, political party groups, or other candidates to obscure actors with less clear connections and agendas.
Pro-Biden ads use the “President” honorific to address him and not Trump, and vice versa: The ads showed how specific groups used the title of “President” differently for the opponents. Groups that said “President Biden” and “Donald Trump” tended to favor Biden — and groups that said “President Trump” and “Joe Biden” tended to favor Trump.Attack ads targeting Biden surpass those that attack Trump: While Biden outspent Trump by about 7-to-1 on ads on Facebook and Instagram,more ‘attack’ ads mention Biden (47%) as compared with ‘attack’ ads that mention Trump (37%). Deeper analysis, enabled by Neo4j, also revealed the top 10 groups with ad campaigns most  critical of  Biden, such as AFP Action, Judicial Watch, America First Legal, and We Deserve Better, outweighed the groups supporting him, such as Biden-Harris HQ, Senate Democrats or the Democratic Governors’ Association. Research also tracked groups most critical of Trump.How knowledge graphs support investigative journalismA knowledge graph is an insight layer of interconnected data enriched with semantics, context, and meaning for accurate, transparent, and explainable results and decision-making. Neo4j knowledge graphs connect information from multiple data sources, enabling investigative journalists to identify and analyze hidden patterns in these datasets and uncover complex webs of connections. Results enable investigative reporters to surface unusual, significant, and influential actors, networks, and behavior patterns in ways that are not possible with any other technology.
The International Consortium of Journalists (ICIJ) in 2015 used Neo4j to uncover one of the biggest ever global corruption scandals with the Panama Papers, winning ICIJ the Pulitzer Prize. Subsequent investigations included the 2017 Paradise Papers and the 2021 Pandora Papers, among others. NBC used Neo4j to uncover Russian interference in the 2016 election; and computational journalists used Neo4j knowledge graphs to support fact-based reporting in the 2020 election.
In the 2024 elections, IDJC will seek insights that can address questions such as who are the most influential actor networks spreading information across which platforms; what themes are circulating; who are the originators vs. spreaders; what misinformation may be propagated in swing states, how and to what effect; and to what extent is AI-generated misinformation present; among other questions.
Supporting Quotes
Jennifer Stromer-Galley, Senior Associate Dean and Professor, Syracuse University School of Information Studies “Revealing details about ads and messaging on social media is vital to provide the public with transparency and support accountability. Failure to do so can make voters more vulnerable to manipulation. Neo4j’s graph technology is enabling us to draw connections and unearth relationships within the complex web of election-related messaging on social media. It has been instrumental in quickly revealing much richer insights that would have been harder or almost impossible to do otherwise.”
Margaret Talev, Kramer Director, Institute for Democracy, Journalism and Citizenship (IDJC), Syracuse University”IDJC ElectionGraph findings give us a glimpse at the firehose of information and misinformation coming at voters from groups with a jumble of motives, ties, and trustworthiness ahead of the 2024 elections. Neo4j’s graph algorithms help reveal hidden connections and interactions in a complicated network, identifying the sources of these messages.”  
Jim Webber, Chief Scientist, Neo4j”The challenge faced by digital researchers and computational journalists in unearthing the consequences of AI-driven misinformation on democracy is enormous. Graph technology is an essential enabler to those seeking to uncover hidden patterns and networks of those looking to manipulate democratic populations. We at Neo4j are proud to support Syracuse University’s mission to help journalists and citizens separate fact from fake news so that the voting public can make informed decisions as they go to the polls.”
Syracuse University’s IDJC ElectionGraph and its findings are independent and proprietary to Syracuse University and the IDJC.
Visit https://idjc.syracuse.edu/2024-election-graph-project/ to read the full report and learn more about IDJC’s ElectionGraph.
About Neo4j Neo4j, the Graph Database & Analytics leader, helps organizations find hidden relationships and patterns across billions of data connections deeply, easily, and quickly. Customers leverage the structure of their connected data to reveal new ways of solving their most pressing business problems, from fraud detection, customer 360, knowledge graphs, supply chain, personalization, IoT, network management, and more – even as their data grows. Neo4j’s full graph stack delivers powerful native graph storage with native vector search capability, data science, advanced analytics, and visualization, with enterprise-grade security controls, scalable architecture, and ACID compliance. Neo4j’s dynamic open-source community brings together over 250,000 developers, data scientists, and architects across hundreds of Fortune 500 companies, government agencies, and NGOs. Visit neo4j.com.
About Syracuse University’s Institute for Democracy, Journalism and CitizenshipThe IDJC engages in nonpartisan research, teaching and public dialogue to strengthen trust in news media, governance and society. It is a joint University initiative of the Newhouse School of Public Communications and Maxwell School of Citizenship and Public Affairs.
Neo4j Contact:Pragya [email protected]
Syracuse University Contact:Keith [email protected] 
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