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Global Field Programmable Gate Array Market Report 2023: Integration of FPGA in Cloud Computing and Infrastructure-as-a-Service Presents Opportunities

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Dublin, March 09, 2023 (GLOBE NEWSWIRE) — The “Global Field Programmable Gate Array Market: Analysis By Configuration, By Technology, By Application, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global field programmable gate array (FPGA) market was valued at US$7.87 billion in 2022 and is expected to be worth US$14.16 billion in 2028.

The increasing demand for high-performance computing and data processing is one of the key drivers of the FPGA market. FPGAs are ideal for use in data centers where high-speed processing is required because they can be programmed to perform specific tasks or algorithms. FPGAs can also be used in artificial intelligence (AI) and machine learning (ML) applications, which are growing rapidly. The market is expected to grow at a CAGR of 10.28% over the projected period of 2023-2028.

Market Segmentation Analysis:

  • By Configuration: The report identifies three segments on the basis of configuration: High-range FPGA, Mid-range FPGA and Low-range FPGA. High range FGPA segment dominated the market in 2022. High-range FPGAs are the largest and most powerful FPGAs available, with the ability to contain hundreds of thousands to millions of logic elements. They are capable of handling the most complex designs and can be used for applications such as data center acceleration, high-performance computing, and aerospace and defense systems. The increasing demand for high-performance computing, artificial intelligence (AI), and machine learning (ML) applications, the growing need for data processing and analytics in industries such as finance, healthcare, and retail and the increasing adoption of 5G technology and the need for high-speed networking infrastructure are expected to drive the segment’s growth in coming years.
  • By Technology: The report identifies four segments on the basis of technology: SRAM-based Field Programmable Gate Array (FPGA), Flash-based Field Programmable Gate Array (FPGA), Anti-fuse Based Field Programmable Gate Array (FPGA) and Other FPGA technologies. The Static Random-Access Memory (SRAM) segment held the highest revenue share in 2022, owing to the superior flexibility, re-programmability, high integration, and high performance for a variety of applications. The widespread use of SRAM-based field programmable gate arrays in military and aerospace, telecommunications and wireless communication systems, and consumer goods is boosting segment’s growth.
  • By Application: The report identifies seven segments on the basis of end user: Telecom, Automotive, Industrial, Consumer Electronics, Military & Aerospace, Data Processing and Others. The telecom sector had the highest revenue share in 2022 and is expected to maintain the dominance over the forecast period. The widespread use of field programmable gate arrays (FPGAs) in wireless communication and telecommunication sectors for a variety of applications such as data packet switching, packet processing, and optical transport networks is propelling the FPGA market forward. Furthermore, they provide bandwidth to telecom service providers in order for them to create compatible networks ranging from 3G to LTE and beyond. The introduction of 5G networks is expected to propel FPGA growth even further from 2023 to 2028, as they provide configurability, flexible hardware accelerators, high-speed switching, and low-latency operation at low cost.
  • By Region: In the report, the global field programmable gate array (FPGA) market is divided into five regions: Asia Pacific, North America, Europe, Middle East & Africa and Latin America. The Asia Pacific region had the highest revenue share of the field programmable gate arrays market during the year 2022 and is expected to maintain its dominance throughout the forecasted period. China accounted for the largest revenue share in the region as a result of the government’s ongoing investments and initiatives to boost industry growth. For example, China established US$28.9 billion government-backed semiconductor fund to support the domestic chip industry. This initiative focuses on creating new market opportunities by developing FPGAs, core processing units, and memory chips.
  • North America held a significant share in the field programmable gate array (FPGA) market in 2022. The FPGA market in North America is a growing and dynamic industry, driven by technological advancements and increasing demand for high-performance computing. The demand for FPGAs in North America is driven by several factors. First, the region has a strong industrial base, with many companies in sectors such as aerospace, defense, and automotive using FPGAs for applications such as image processing, radar, and driver assistance systems. The North American FPGA market is gaining traction due to the region’s increasing adoption of smart factories and industrial automation. For instance, Schneider Electric opened its first smart factory in the US. It featured a range of products including an FPGA-based Human-Machine Interface (HMI), industrial control systems, industrial robots, and industrial communication devices.

Market Dynamics:

Growth Drivers:

One of the key drivers of the market’s expansion is the growth in increasing adoption of ADAS and in vehicle infotainment. ADAS and IVI systems rely heavily on high-performance processors that can handle complex algorithms and real-time data processing. FPGAs offer a flexible and high-performance solution for these requirements, making them an ideal choice for use in these applications. In ADAS, FPGAs are used to accelerate the processing of image and sensor data from cameras and radar systems. These systems use computer vision algorithms to analyze the data and detect objects on the road, such as other vehicles, pedestrians, and obstacles.

FPGAs can perform these computations in real-time, making them an essential component of ADAS systems. In IVI systems, FPGAs can be used for various functions such as processing high-definition video streams, controlling the infotainment system, and managing communication between different devices in the car. FPGAs also offer significant advantages over traditional processors, such as low latency and power consumption.

Therefore, the increasing adoption of ADAS and IVI systems are driving the growth of the FPGA market. Other significant growth factors of the market include growing demand for IoT, increasing penetration of 5G, increased use of FPGA in radio astronomy, rising adoption of FPGA in data centers, increasing demand for cyber security and growing finance, trading, and insurance sectors.

Challenges:

However, some challenges are impeding the growth of the market such as high costs and hidden bugs in FPGAs. Field-programmable gate arrays (FPGAs) are integrated circuits that can be programmed to perform specific functions, making them highly versatile in a variety of industries, including telecommunications, automotive, aerospace, and consumer electronics.

The high development costs associated with designing and programming FPGAs have been identified as a factor hampering the growth of the FPGA market. The development of FPGA involves a complex design process that requires a high level of expertise in digital circuit design and computer engineering. The initial design and programming of FPGA can be time-consuming and expensive, as it requires the use of specialized hardware and software tools.

Additionally, FPGAs often require customization for specific applications, which can add to the development costs. Moreover, the costs associated with producing FPGA-based systems can also be high due to the need for additional components and infrastructure to support the FPGA.

Trends:

The market is projected to grow at a fast pace during the forecast period, due to increasing proliferation of artificial intelligence (AI), integration of FPGA in cloud computing and Infrastructure-as-a-Service (IaaS), rising demand for FPGAs in high bandwidth devices, integration of FPGA in robotics and advancements in FPGA based embedded system technology. The proliferation of Artificial Intelligence (AI) is driving the growth of the Field-Programmable Gate Array (FPGA) market due to its ability to provide high-performance hardware acceleration for AI applications.

As AI algorithms become more complex, traditional processors struggle to keep up with the computational demands, leading to the need for specialized hardware that can handle the massive amounts of data that need to be processed. FPGAs are a type of programmable logic device that can be reconfigured to perform specific tasks, making them ideal for implementing custom logic designs for AI applications.

FPGAs are also highly parallel, allowing for the execution of multiple tasks simultaneously, which is critical for AI workloads that require massive parallelism. As the demand for AI applications grows, the FPGA market is expected to continue to expand, driven by the need for specialized hardware that can deliver high performance and low latency for these applications.

Competitive Landscape:

Global field programmable gate array (FPGA) market is highly consolidated in nature. Companies are focusing on R&D to develop technologically advanced products in order to gain competitive advantage, and they are also engaging in partnerships, mergers, and acquisitions in order to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. For example, in April 2019, Intel Corporation acquired Omnitek, a provider of vision field programmable gate array IP solutions based in England.

The key players in the global field programmable gate array (FPGA) market are:

  • Intel Corporation
  • Lattice Semiconductor Corporation
  • QuickLogic Corporation
  • AMD (Xilinx, Inc.)
  • Microchip Technology Inc.
  • Achronix Semiconductor Corporation
  • Menta SAS
  • S2C
  • Gowin Semiconductor
  • Efinix, Inc.
  • Flex Logix Technologies, Inc.
  • Shanghai Anlogic Technology Co., Ltd.
  • NanoXplore SAS

Suppliers are adopting the fabless strategy, which allows them to gain access to fabrication facilities without incurring significant capital investment. Fabless firms can outsource FPGA production and devote their time, resources, and efforts to developing new ideas, conducting research, and improving their marketing tactics in order to increase their sales.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of Covid-19

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Adoption of ADAS and in Vehicle Infotainment
6.1.2 Growing Demand for IoT
6.1.3 Increasing Penetration of 5G
6.1.4 Increased Use of FPGA in Radio Astronomy
6.1.5 Rising Adoption of FPGA in Data Centers
6.1.6 Increasing Demand for Cyber Security
6.1.7 Growing Finance, Trading, and Insurance Sectors
6.2 Challenges
6.2.1 High Costs
6.2.2 Hidden Bugs in FPGAs
6.3 Market Trends
6.3.1 Increasing Proliferation of Artificial intelligence (AI)
6.3.2 Integration of FPGA in Cloud Computing and Infrastructure-as-a-Service (IaaS)
6.3.3 Rising Demand for FPGAs in High Bandwidth Devices
6.3.4 Integration of FPGA in Robotics
6.3.5 Advancements in FPGA Based Embedded System Technology

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/vsuv26

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.



 


 





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Artificial Intelligence


More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024





 






Published
 2 days ago 
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 May 17, 2024





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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.

TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.


The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.

Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.

Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.

Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.

 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”

Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.

“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”

Other top honors from the competition include:

Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.

Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.

Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.

Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.

Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.

Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.

For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.

The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.

In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.

The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:

Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii

Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California

Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York

Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China

Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon

Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan

Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon

Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York

Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas

Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada

Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada

Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington

Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland

Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky

Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas

Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California

Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts

Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida

Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada

Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California

Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia

Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China

The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.

View all the finalists’ research here: https://projectboard.world/isef.

About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.

In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.

About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).

About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 

Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).

For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.

More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.

Media ContactsJoseph Brown, [email protected]

Gayle Kansagor, Society for [email protected]

Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg 

Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 


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Artificial Intelligence


J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit





 






Published
 2 days ago 
on
 May 17, 2024





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In conjunction with Abu Dhabi Global Healthcare Week 2024

ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.


In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 

In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.

The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso

Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 

Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”

Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”

Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.

Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.


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Artificial Intelligence


Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024





 






Published
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 May 17, 2024





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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.


Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure

At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.

According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.

Steering Data Centers to the AI Era with Product + Service + Ecosystem

During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.

To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.

Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.

The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.

During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.

In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.

On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.

A single tree cannot make a forest.

AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.

Photo – https://mma.prnewswire.com/media/2415818/Global_Data_Center_Facility_Summit_2024.jpg


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