USA News Group Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, June 28, 2024 /PRNewswire/ — USA News Group – The world is changing rapidly thanks to artificial intelligence (AI), with what’s being called the Transformative AI era which comes with great benefits and also potential dangers. The economic impacts are global, with a new report from The Bank for International Settlements (BIS) urging central banks to adapt rapidly to AI advances. Now it’s become apparent how important it is for companies to understand how to harness the full potential of GenAI to secure strategic revenue growth in the coming years. The surge of AI’s usefulness is accelerating innovation in R&D, while behind the scenes tech companies are advancing the infrastructure required to keep this revolution going, including new developments from Avant Technologies Inc. (OTCQB: AVAI), Accenture plc (NYSE: ACN), Cloudflare, Inc. (NYSE: NET), Alphabet Inc. (NASDAQ: GOOG, GOOGL), and Amazon.com, Inc. (NASDAQ: AMZN).

Known for pioneering advancements in AI, Avant Technologies Inc. (OTCQB: AVAI) has persistently refined and expanded its premier offering, Avant AI™. This sophisticated AI platform, celebrated for its machine learning and deep learning capabilities, is the culmination of Avant’s efforts to deliver unprecedented and cost-effective compute infrastructure that unlocks the full potential of AI and ushers in a new era of technological advancement. 
“There is a real unmet need as rapid growth across the entirety of the AI and big data industries is outpacing the necessary infrastructure for an industry that demands exponential power and capacity while remaining cost effective,” said Avant’s CEO William Hisey in a recent address of progress on AI supercomputer-driven data centers. “Avant’s ‘edge-native’ approach doesn’t rely on cloud-based services so we can offer AI and big data companies many advantages over the more familiar ‘cloud-native’ approach, including, reduced latency, improved security and privacy, increased scalability, and reduced costs.”
In a recent strategic development, Avant entered into a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a prominent Florida-based firm specializing in immersible computer server technology. This agreement allows Avant to acquire up to 50 cutting-edge immersible computer servers from FW, in a transaction valued at $50 million.
“By integrating proprietary machine learning algorithms with open-source innovations into these servers, Avant is developing a highly intelligent system designed to optimize resource allocation, enhance performance, and drive unprecedented levels of efficiency and automation,” said Hisey.  “This marks the beginning of a new era for Avant Technologies, positioning us at the forefront of the supercomputer-driven data center industry and setting new standards for managing and storing AI applications.”
Flow Wave Immersible AI Supercomputer Servers are engineered for demanding AI and machine learning applications, delivering powerful processing capabilities that accelerate data analysis. Their cutting-edge cooling system is both energy-efficient and cost-effective, reducing environmental impact. These servers’ compact design facilitates easy installation in space-constrained data centers, and their robust construction ensures longevity and lower maintenance requirements.
In response to digital era challenges, Avant intends to acquire up to 50 of these high-performance servers. Their superior cooling technology boosts performance while conserving energy, aligning with Avant’s goal of providing top-tier AI infrastructure and maximizing efficiency. Additional details about the acquisition will be shared once the final agreement is secured.
In Q3 2024, Accenture plc (NYSE: ACN) brought in over $900 million in new Generative AI bookings, for a total of $2 billion fiscal year-to-date. Despite missing its overall earnings targets, the market responded by sending its shares upward.
“We achieved strong new bookings of over $21 billion, up 22% over last year, and continued to accelerate our strategy to be the reinvention partner of choice, with another 23 clients with quarterly bookings of over $100 million, bringing the total of such bookings to 92 year-to-date,” said Julie Sweet, Chair and CEO of Accenture. “We also achieved two significant milestones this quarter — with $2 billion in Generative AI sales year-to-date and $500 million in revenue year-to-date — which demonstrate our early lead in this critical technology.”
Back in May, Accenture took steps to help its clients to scale their Generative AI responsibly.
“Clients are eager to embrace the potential of generative AI, and we are ready to help them build responsible AI into every use,” said Sweet. “We do this for ourselves, and we can use that example to help our clients find success faster. Our focus is to enable our clients to innovate AI safely and be ready to seize the opportunities that AI will bring in the decades ahead.”
Recently, the cloud-based security solution provider Cloudflare, Inc. (NYSE: NET) unveiled the general availability of its AI Gateway platform. Marketed as a comprehensive interface for managing and scaling generative AI workloads, the platform has transitioned from its beta phase, which started in September 2023, to full client use after successfully handling over 500 million requests.
This launch coincides with Cloudflare’s announcement of a partnership with Hugging Face, a leading platform for AI developers. The collaboration offers a one-click global deployment for AI applications via the Workers AI platform, now also generally available. As the first serverless inference partner integrated on the Hugging Face Hub, this allows developers to deploy AI models quickly, easily, and cost-effectively on a global scale, without the need for managing infrastructure or paying for unused compute capacity.
“Workers AI is one of the most affordable and accessible solutions to run inference,” said Matthew Prince, CEO and co-founder, Cloudflare. “With Hugging Face and Cloudflare both deeply aligned in our efforts to democratize AI in a simple, affordable way, we’re giving developers the freedom and agility to choose a model and scale their AI apps from zero to global in an instant.”
In the education space, Alphabet Inc. (NASDAQ: GOOG, GOOGL) through Google, is bringing new AI tools to Google Workspace for teen students using their school accounts to help them learn responsibly and confidently in an AI-first future, and empowering educators with new tools to help create great learning experiences.
“In the coming months, we’re making Gemini available to teen students that meet our minimum age requirements while using their Google Workspace for Education accounts in English in over 100 countries around the world, free of charge for all education institutions,” said Google in a blog post. “To ensure schools are always in control, Gemini will be off by default for teens until admins choose to turn it on as an Additional Service in the Admin console.”
Google has also developed a number of resources and trainings to help students, parents and educators use generative AI tools responsibly and effectively, including a video on how teens can responsibly use AI while learning.
After recently hitting a $2-trillion valuation, Amazon.com, Inc. (NASDAQ: AMZN) continues to be a big player in the AI space. Now it’s reportedly working on its own AI chatbot that some say might be smarter than ChatGPT, named Metis, which will generate answers by grabbing info from the internet.
Metis is driven by an internal Amazon AI model known as Olympus, drawing inspiration from Greek mythology. According to sources, Olympus is a more advanced version of Amazon’s publicly available Titan model.
Amazon’s CEO Andy Jassy has noted that nearly every division within the company is engaged in some form of AI project. As a pioneer in cloud computing, Amazon has been developing machine learning, a subset of AI, for many years. Jassy recently announced that Amazon’s AI initiatives are projected to generate over $1 billion in annual revenue, with expectations of driving “tens of billions of dollars” in sales in the coming years.
However, Amazon has lagged in the realm of consumer AI assistants. An internal document from last year highlighted that Amazon “does not have a publicly or internally available product that looks and works exactly like ChatGPT.”
According to a source reported by Business Insider, the tentative launch date for Metis is September, right around the time when Amazon is set to host a big Alexa event, although the timeline could still change.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
CONTACT:
USA NEWS [email protected](604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/tech-companies-leading-the-charge-in-the-transformative-ai-era-302185931.html

Enterprise platform recognized by eLearning Industry and the Stevie American Business Awards for AI-powered skills development, automation, and analytics capabilities.
NEW YORK and DERRY, Northern Ireland, June 28, 2024 /PRNewswire/ — Learning Pool, the leading learning technology company, today announced its recognition as a ‘Top AI Tool for Training and Education’ by eLearning Industry. Learning Pool was recognized for its personalized learning experiences at scale. The company was also awarded a Silver Stevie® in the ‘Achievement in Product Innovation’ category by the Stevie American Business Awards for its AI Conversations tool that allows learners to practice workplace conversations with an AI-powered character. With real-time insights into each learner’s identity, existing knowledge, and learning requirements, businesses can take a more wholistic approach to workplace training with Learning Pool’s platform.

According to the World Economic Forum (WEF), over half of the global workforce will need to upskill or reskill by 2025 to meet the demands of new responsibilities brought about by automation and emerging technologies. Workplace learning is a critical business function that develops and sharpens employee skills, enabling them to reach productivity more quickly, maximize performance in their current roles, and prepare for future skill requirements. Dynamic learning platforms can help organizations achieve their goals more rapidly, adapting as business priorities shift to meet ever-changing market demands.
Be it for compliance, onboarding, upskilling, or the entire business, Learning Pool’s enterprise portfolio delivers smarter learning experiences. Backed by intelligent data, Learning Pool’s platform automatically draws insights on individual performance and optimizes learning accordingly. eLearning Industry recognized Learning Pool for its:  
AI-Powered Skills Development: The AI-powered Skills Builder adopts a skills-first training approach, effectively bridging the gap between employees’ current capabilities and their target achievements. The platform offers a comprehensive view of how skill levels align with organizational objectives, enabling personalized and targeted learning programs at scale.Powerful Automation: Advanced automation capabilities enhance learner engagement by delivering timely and relevant communications based on predefined organizational conditions. This includes sharing tailored recommendations for the practical application of skills and sending reminders to learners to revisit training materials.Advanced Analytics: Real-time, actionable insights are provided through advanced analytics, optimizing learning content. By analyzing real-world learner interactions and identifying trends, patterns, and anomalies in training data, the platform expedites resolutions and improves learning outcomes.Learning Pool was recognized by The American Business Awards for its product innovation for AI Conversations:
AI Conversations: The GenAI offering allows employees to practice challenging workplace conversations with an AI-generated character. The tool leverages OpenAI’s GPT4 to provide users with convincing, conversational responses, with detailed, personalized feedback helping them improve communication and management skills. The ability to speak the responses heightens the feeling of engaging in a real difficult conversation meaning when the summative feedback is presented, learners can focus on areas of improvement.”It’s more critical than ever that organizations have the tools and resources to swiftly close the skills gap and enhance workforce readiness,” said Ben Betts, CEO, Learning Pool. “These recognitions underscore our commitment to delivering a cutting-edge platform that not only addresses immediate learning needs but also strategically prepares employees for future demands, ensuring organizations can execute their business strategies with precision and efficiency.”
To learn more about Learning Pool’s platform, click here.
About Learning Pool
Learning Pool is a learning technology company that optimizes employee performance with intelligent, data-driven experiences. Through its enterprise portfolio, Learning Pool has crafted learning journeys for thousands of organizations and their business units worldwide, enabling smarter compliance, onboarding, and upskilling. The company’s dedication to creating business impact and constantly innovating is the reason customers like Valvoline, Villeroy & Boch, and Royal Caribbean Group, choose Learning Pool to enhance the efficiency and productivity of their workforce. Founded in 2006 and headquartered in Derry, with offices in North America, Learning Pool employs 450 people worldwide. For more information, visit Learning Pool, X, and LinkedIn.

View original content:https://www.prnewswire.co.uk/news-releases/learning-pool-recognized-with-two-industry-awards-for-innovation-and-product-excellence-302185892.html

USA News Group CommentaryIssued on behalf of Scope AI Corp.
VANCOUVER, BC, June 28, 2024 /PRNewswire/ — With the advent of the artificial intelligence (AI) revolution, so too comes a major shift across multiple industries. In creative industries, AI is leading to new tools, but also job cuts. Billionaire Steve Cohen and his Point72 Ventures recently laid off its fintech team, in a pivot towards AI. Several investment firms are making this shift as well, including Capital Group, UBS, and SoftBank. Even Goldman Sachs has deployed its first Generative AI tool across the firm for code generation to its thousands of developers by the end of the month. However, another new wrinkle has arrived on the scene, with new allegations of what’s being called “AI washing”, where proprietors claim to be using AI, when in fact their transactions require significant human oversight. Working behind the scenes for real contributions to the AI space are several developers, including Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW), Alibaba Group Holding Limited (NYSE: BABA), Meta Platforms, Inc. (NASDAQ: META), and International Business Machines Corporation (IBM) (NYSE: IBM).

As machine learning technology continues to advance, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and shifted its market focus towards key industries such as advertising, gaming, and neural networks, utilizing its sophisticated GEM (General Enterprise Machine Learning) platform.
Scope AI is progressing its GEM platform to assist businesses in creating customized object detection and visual information systems, harnessing the full capabilities of neural networks. These strategic efforts aim to revolutionize advertising personalization, enhance gaming experiences, and expand various applications of neural networks.
In recent developments, Scope AI has launched significant updates to GEM, designed to better support advertising agencies and the gaming industry. These enhancements concentrate on refining advertising content and improving gameplay through advanced neural network functionalities. By the end of May, Scope AI had collaborated with several leading ad agencies and ad networks to identify and address the main challenges in evaluating ad creative effectiveness, page layouts, and the associated testing costs and complexities.
“Our approach is to start with the pain points of our potential users and build solutions based on those insights,” said James Young, CEO of Scope AI Corp. “We believe in understanding the real-world challenges faced by our partners, rather than falling into the common software trap of ‘build it and they will come.’ This collaboration ensures that GEM is not just another tool, but a solution that addresses the specific needs of the advertising community.”
Scope AI is entering the advertising industry at a crucial moment, as global advertising leaders contend with the rapid rise of AI technology. A significant concern is that the prevalent use of AI-generated images could lead to a lack of uniqueness. Scope AI’s GEM technology is designed to address this issue, helping ad executives to better differentiate and execute their campaigns.
GEM’s sophisticated object visual recognition capabilities are designed to offer businesses deeper insights and more accurate solutions. Consequently, advertisers could enhance their ability to analyze consumer behavior and improve their campaigns, while game developers could create more captivating and immersive user experiences.
“We’re very pleased at how seamless we were able to streamline, enhance, and strengthen our platform with the latest performance and security upgrades made to our infrastructure,” said Sean Prescott, Founder and Non-Executive Chairman of Scope AI. “The next generation of our platform will set us apart in what kind of data and its sensitivity we can process and store. It’s a potential game-changer for the industry.”
Looking to further enhance the drive-through ordering experience for fast food franchises, global leader in voice AI, SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW), recently acquired food-ordering platform Allset to position itself as a full ecosystem for ordering food through cars, TVs, and smart devices. Allset is a food ordering platform, founded in 2015, and designed for local pick-up, providing a seamless, cost-effective dining experience that allows both consumers and restaurants to bypass the high fees charged by delivery apps.
“As a business, Allset will help SoundHound bring voice AI solutions to even more restaurants looking to improve operational efficiency,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. “Together, we plan to provide dynamic and convenient ways for people to order food and complete a range of other transactions just by speaking naturally.”
In an effort to speed up app development on its Alibaba Cloud platform, Alibaba Group Holding Limited (NYSE: BABA) recently introduced its first “AI programmer”, powered by the company’s self-developed large language model (LLM).
“The development paradigm for software applications is changing,” said Xu Dong, general manager of Alibaba Cloud’s Tongyi Qianwen LLM service. “In the future, users only need to identify problems and express requirements, and completing an application development in minutes will become the norm.”
Following up on this, Alibaba recently committed to scaling AI tools for Micro-, Small and Medium-Sized Enterprise (MSME) Day. Emphasizing its commitment to aiding MSMEs, Alibaba.com has announced the deployment of AI tools for its global suppliers. These tools have already been embraced by approximately 30,000 businesses on the platform.
“As a member of the private sector, we are honored to have worked alongside international agencies such as ITC and supported MSMEs worldwide over the past 25 years,” said Kuo Zhang, President of Alibaba.com. “As we promote wider adoption of our AI tools amongst MSMEs, we also hope to expand our global supplier base to cover 100,000 suppliers in the next three years. In a nutshell, we are building a global supply chain by and for MSMEs leveraging AI.”
For Meta Platforms, Inc. (NASDAQ: META), a bold effort to improve its own AI aspirations is garnering plenty of pushback, as its plan to train its AI model on European data derived from Facebook is generating privacy concerns. Meta’s AI training initiatives face challenges due to strict European Union data privacy regulations, which grant individuals control over their personal data usage.
AI language models undergo training on extensive datasets, enabling them to predict the most likely next word in a sentence. Typically, newer versions are more advanced and efficient than their earlier counterparts. Meta has integrated its AI assistant into Facebook, Instagram, and WhatsApp for users in the U.S. and 13 other countries, excluding Europe.
“If we don’t train our models on the public content that Europeans share on our services and others, such as public posts or comments, then models and the AI features they power won’t accurately understand important regional languages, cultures or trending topics on social media,” said Stefano Fratta, global engagement director of Meta’s privacy policy, said in blog post. “We believe that Europeans will be ill-served by AI models that are not informed by Europe’s rich cultural, social and historical contributions.”
According to analysts at Goldman Sachs, International Business Machines Corporation (IBM) (NYSE: IBM) could grow its market share as its AI investments continue to pay off. Among its accomplishments, IBM is considered the leader in the quantum computing segment with its continued advancements in hardware, software, and systems technologies, especially through its watsonx platform.
Recently IBM announced a partnership with WPP to launch a new business-to-business (B2B) solution powered by watsonx designed to reinvent how B2B marketers identify and engage clients and prospects across the buying journey. Dubbed WPP Open for B2B, the platform will help marketers solve complex B2B marketing challenges, accurately identify and engage buying groups, and improve clients’ return on investment (ROI).
“B2B marketers have been focused on creating truly personalized, relevant and consistent experiences for buying groups at scale for years,” said Jonathan Adashek, Senior Vice President of Marketing and Communications at IBM. “We are excited to create and use these new, powerful and trusted AI solutions to deliver a force multiplier for B2B marketing.”
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/ 
CONTACT:USA NEWS [email protected](604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Scope AI Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope AI Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope AI Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope AI Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/spotlight-on-authentic-ai-developers-making-real-contributions-beyond-ai-washing-claims-302185878.html