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Private Sector Pushes Forward Amid US-China AI Regulation Disputes

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USA News Group CommentaryIssued on behalf of Avant Technologies Inc.
VANCOUVER, BC, June 25, 2024 /PRNewswire/ — USA News Group – The global economy is witnessing an arms race in artificial intelligence (AI), which is raising concerns for national security, and need for government regulation. In particular, tensions are rising between China and the United States, in where the US has cited “misuse of AI” by China, prompting calls for restrictions. Both governments are also using government subsidies to spur new advancements. However, China is not taking the threat of restriction on tech investments lightly, warning the US it’s ready to fight back, taking measures of its own. All the while, the private sector is continuing its momentum, with big tech giants leading the way in investing in AI startups, while other developers continue to make progress of their own with new developments coming recently from Avant Technologies Inc. (OTCQB: AVAI), Arm Holdings plc (NASDAQ: ARM), Pegasystems Inc. (NASDAQ: PEGA), Palantir Technologies Inc. (NYSE: PLTR), and Baidu, Inc. (NASDAQ: BIDU).

Renowned for its cutting-edge AI innovations, Avant Technologies Inc. (OTCQB: AVAI) has continued to develop and enhance its flagship product, Avant AI™. This advanced AI system, known for its machine and deep learning prowess, is versatile and applicable to numerous industries.
Recently, Avant made a strategic move by signing a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a leading company in immersible computer server technology based in Florida. This agreement enables Avant to purchase up to 50 state-of-the-art immersible computer servers from FW, in a deal worth $50 million.
“Avant’s revolutionary AI software platform is poised to transform the landscape of data center management,” said William Hisey, CEO of Avant.  “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. 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.”
Designed for intensive AI and machine learning tasks, Flow Wave Immersible AI Supercomputer Servers offer robust processing power for faster and more efficient data analysis. Their innovative cooling technology is energy-efficient, saving costs and minimizing environmental impact. Additionally, these compact servers are easy to install, making them ideal for data centers with limited space, and their durable design ensures longevity and reduced maintenance needs.
To address the challenges of the digital era, Avant plans to acquire up to 50 of these high-performance servers. Their advanced cooling capabilities enhance performance while conserving energy, reflecting Avant’s commitment to delivering superior AI infrastructure and optimizing efficiency. Further details about the transaction will be provided once the final agreement is confirmed.
After a recent record-setting rally, the CEO of Arm Holdings plc (NASDAQ: ARM) says the AI Boom is just beginning. The chip designer is on pace to launch new AI chips in 2025, according to a report from Nikkei Asia in May. As per the report, Arm will set up an AI chip division and aim to build a prototype by spring 2025. The move is part of SoftBank Group (which owns a 90% stake in Arm) CEO Masayoshi Son’s 10 trillion yen ($64 billion) push to transform Arm into a sprawling AI powerhouse.
Earlier this June, Reuters reported that Arm expects 100 billion Arm devices will be ready for AI by the end of 2025, according Rene Haas, CEO of Arm at the Computex forum in Taipei. In fact, Haas stated he and his company aim to gain more than 50% of the Windows PC market. To date, Microsoft has pledged to support its alternative technology to Advanced Micro Devices and Intel’s x86 technology. To achieve this, the company is developing a comprehensive suite of software developer tools designed to facilitate the creation of programs that run on Arm-based chips.
“Arm’s market share in Windows – I think, truly, in the next five years, it could be better than 50%,” said Haas in an interview with Reuters. “They’ve (Microsoft) gone way beyond anything they had (in developer tools) and they really picked it up in the last couple of years. They are very, very much committed from a software standpoint.”
Leading enterprise AI decisioning and workflow automation platform provider Pegasystems Inc. (NASDAQ: PEGA) recently announced an expansion of its Pega GenAI capabilities to connect to Amazon Web Services (AWS) and Google Cloud’s Large Language Models (LLMs). The new features enable Pega clients to seamlessly integrate generative AI technologies from AWS and Google Cloud into their decision-making processes and workflows within the Pega Platform.
“The generative AI market is evolving rapidly as are generative AI strategies,” said Don Schuerman, Chief Technology Officer of Pega. “Clients know the best model for them will depend on a variety of factors, including their own strategy and infrastructure, effectiveness, performance, speed, trust, and cost, so having choice is key. The extension of these relationships underline Pega’s commitment to becoming the workflow backbone for generative AI solutions to enable truly transformational change for our clients. Our trusted partners play an important role in helping us to deliver these outcomes.”
Enterprises using Pega for generative AI-enhanced development, engagement, service, and back-to-front office operations will gain from unified governance, auditability, and controls across all AI applications within their workflows. Pega GenAI is accessible to all Pega clients via Pega Cloud.
Data management specialists Palantir Technologies Inc. (NYSE: PLTR) have recently been announced as a strategic partner with the US-led global joint venture Starlab Space LLC (Starlab Space), which involves Voyager Space, Airbus, Mitsubishi Corporation, and MDA Space. As per the deal, Palantir will be the exclusive supplier of enterprise-wide software data management solutions for the Starlab commercial space station.
Palantir’s AI-driven software optimizes space architecture by providing adaptable solutions from ground to edge, ensuring resilient and effective space capabilities. Collaborating with Starlab Space, Palantir will utilize digital twins and AI to enhance Starlab’s operations, optimizing resource allocation, mission planning, and system performance. This partnership aims to reduce operational costs, streamline on-board operations, and extend the lifespan of critical components through predictive maintenance. Additionally, Ground Predictive Processing will enhance on-board research by modeling the microgravity environment and conducting pre-launch analysis.
“Starlab is a commercial leader working to solve some of the most complex engineering and operational challenges in the exploration of space,” said Alexander C. Karp, Co-Founder and CEO of Palantir Technologies. “We could not be more enthusiastic about our partnership as we work to extend our competitive edge through the provision of decisive and real-time intelligence around the world and in space.”
China’s Baidu, Inc. (NASDAQ: BIDU) recently introduced its AI and Agent-Driven Innovations at an annual mobile ecosystem event at the end of May, that the company believes can transform mobile experience. Among the advancements presented were developments across a range of its mobile products, including Baidu Search, Baidu Wenku, and the Baidu App, all seamlessly integrated with LLMs and its proprietary AI-powered ERNIE agents.
“Agent means productivity,” said Jackson He, Senior Corporate Vice President of Baidu and General Manager of Baidu’s Mobile Ecosystem Group (MEG), in his keynote speech, dubbed “Making agents accessible to everyone” at the conference. “[With agents], everyone can create and be equipped with superpowers. This is an era where everyone has a chance to rise – everyone can participate and create”
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 
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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.

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Twelve Students from KIIT-DU Qualify for Paris Olympics

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KIIT-KISS Founder announces Rs 7 lakh to each of the athletes 
BHUBANESWAR, India, July 19, 2024 /PRNewswire/ — In a big achievement for KIIT Deemed to be University (KIIT-DU), Bhubaneswar, 12 students have successfully qualified for the Paris Olympics 2024 beginning July 26, bringing pride and joy to the institution.

KIIT is the first university in the country to be sending the largest contingent of athletes among all universities in India.
The Founder of KIIT and KISS Dr Achyuta Samanta has announced Rs 7 lakh to each of the athletes, encouraging them to give their best in the field and bring glory to the country. 
The athletes who have earned their spots are — Amit Rohidas in Men’s Hockey, Kishore Kumar Jena in Javelin Throw; Parul Chaudhary in 3000m Steeplechase & 5000m; Priyanka in 20 km Race Walk & Marathon Race Walk Mixed Relay; Annu Rani in Javelin Throw; Jyothi Yarraji in 100m Hurdles; Tajinderpal Singh Toor in Shot Put; Abha Khatua in Shot Put; Prachi in the 4x400m Relay Team; Ankita in 5000m; Paramjeet Singh Bisht in 20km Race Walk and Suraj Panwar in the Marathon Race Walk Mixed Relay Team. 
Dr. Achyuta Samanta, Founder, KIIT & KISS, congratulated the proud contingent at a special programme in Bhubaneswar, saying, “Your hard work and dedication have brought you to this prestigious stage.” He declared Rs. 7 lakh cash support to each player. All 12 players, who are currently in various camps in different countries of Europe, joined the programme virtually. 
Informing the media, Dr. Samanta said that KIIT & KISS is the first organization in India to send the highest number of players to the Olympics. He also mentioned that KIIT & KISS has produced 20 Olympians and 2 Paralympians who represented India at the 2016 Rio Olympics, the 2020 Tokyo Olympics, and will be representing the country at the 2024 Paris Olympics. KIIT & KISS is proud to have 7 Arjuna Awardees, he added.
“We are happy that 12 students from KIIT are participating in the Paris Olympics 2024, making us and the country proud. Give your best and shine with your achievements. The entire KIIT & KISS family stands behind you, cheering you on”, he said.
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eQ Technologic Elevates Industry Standards with Inaugural Customer Conference, exeQute

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COSTA MESA, Calif., July 18, 2024 /PRNewswire/ — In an era brimming with industry conferences, eQ Technologic, Inc., the developers of the eQube®-DaaS Platform, is making a bold entrance with its inaugural customer conference, exeQuteSM, Oct. 7-10, 2024. Unlike other customer conferences in the data as a service (DaaS) industry, exeQute is set to stand out with a focus on actionable tactics tailored to meet the unique needs of its customers, reflecting the company’s deep commitment to customer-centricity and innovation.

As Gartner predicts that by 2027, 25% of CIOs will have compensation linked to their sustainable technology impact, exeQute’s conference is shaping the future of digital transformation with sustainability and responsibility top of mind. This conference goes beyond theoretical discussions, offering a hands-on experience where top brands share real-world solutions that attendees can immediately apply. This focus on actionable content ensures that every participant leaves with a toolkit of strategies to drive improvements in their business.
eQ Technologic’s dedication to understanding customer needs is evident in every aspect of exeQute. The conference sessions delve into the specific challenges faced by customers, offering personalized solutions and insights. This tailored approach showcases the company’s commitment to not just listening to its customers but collaborating with them to develop solutions that drive their success.
“Execution is one of our key operating principles at eQ. An organization’s ability to execute materially separates winners from the pack,” said Dinesh Khaladkar, President & CEO of eQ Technologic. “We strongly believe that the gap between the future and now is bridged by execution. The future doesn’t just happen, it must be defined, and actions must be taken to achieve it. It’s time to envision what lies ahead and act upon the future vision with exeQute.”
exeQute provides a unique platform for attendees to network with industry leaders, peers, analysts, and media, fostering a collaborative environment where new ideas and partnerships will enable the future growth of companies. The conference’s comprehensive approach to addressing both current challenges and future opportunities highlights eQ Technologic’s role as a catalyst for positive change in the industry by catalyzing cross-industry innovation and offering insight into how organizations leverage eQ’s industry agnostic solutions to gain and maintain a competitive advantage.
exeQute is not merely another event in the crowded conference landscape. It is setting a new standard for customer engagement, providing value through actionable insights, innovative solutions, and a steadfast commitment to sustainable practices. For those seeking to navigate the complexities of digital transformation responsibly, exeQute is an indispensable resource, reinforcing eQ Technologic’s position as a leader in the industry. With executives and decision-makers from some of the world’s leading organizations, the conference will unravel future trends, disruptive technologies, and emerging opportunities. Power-packed with keynotes, success stories, product roadmaps, demos, fireside chats, and more, the conference furthers eQ Technologic’s position as a leader in the industry.
Conference details:
VEA, A Marriott Resort & Spa, Newport Beach, California Oct. 7-11, 2024 Agenda, speakers, sponsorship opportunities, and registration information can be found at exequteconference.com.
About eQ Technologic
Over the past two decades, eQ has been instrumental in accelerating digital transformation across industries such as Aerospace & Defense, Department of Defense, Automotive, Energy, Heavy-Machinery, Electronics, High-Tech, Electronics, Consumer Packaged Goods (CPG), and more.
The Low/No-Code eQube®-DaaS (Data as a Service) Platform establishes a Data Fabric with a connected network of integrated data, applications and devices that puts the power of analytics in the hands of end users, leading to Actionable Insight. eQ’s 100+ OOTB plug and play Connectors connect disparate heterogeneous systems in an instant, empowering organizations to work with any data, any format, any API, any speed, with any system, any application, and any device without writing any code. It enables secure, scalable, and robust information collaboration while honoring security rules. This enables eQ to offer solutions like Digital Thread, CLM (Closed Loop Manufacturing), Multi-PLM Solutions, For-purpose Apps, API Factory with Common Data Model, and many others.
Some of eQ’s marquee customers include Lockheed Martin, Northrop Grumman, US Navy, Rolls-Royce, Collins Aerospace, Pratt & Whitney, Adient, ULA, Moog, Micron Technologies, Boeing, General Electric, Siemens Energy, Panasonic, EDF, and General Dynamics to name a few.
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Research Solutions Announces Partnership with Jisc to Enhance UK Higher & Further Education Research

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This highlights Research Solutions’ commitment to improving the quality and accessibility of scientific research for academic institutions.
HENDERSON, Nev., July 18, 2024 /PRNewswire/ — Research Solutions (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, is proud to announce a significant partnership with Jisc, the UK digital, data, and technology agency focused on tertiary education, research, and innovation.

This collaboration will make Scite’s award-winning AI platform more affordable and accessible for more than 280 higher education and research institutions in the UK. It aims to advance research quality by leveraging ethical AI technology.
Scite, now part of the Research Solutions family, is transforming the discovery and evaluation of scientific articles through its innovative Smart Citations and AI Assistant. This advanced technology allows researchers to gain deeper insights into the impact and relevance of scientific work.
Beyond its powerful discovery search capabilities across over 187 million publications, 2 billion references, and 1.3 billion citation statements, Scite offers unique workflows for identifying editorial concerns and providing instant reference analysis through its Reference Check feature. The platform also enables the creation of integrated dashboards with reference library tools and validates large language models, assisting in the creation of structured literature reviews via Scite Assistant.
Scite is utilized by researchers and institutions worldwide, underscoring its global impact and commitment to advancing scientific research and innovation.
“We’re thrilled to be partnering with Jisc to make Scite more readily available to the Higher Education institutions in the UK,” states Josh Nicholson, co-founder of Scite and Chief Strategy Officer at Research Solutions. “By bringing context to citations, we can provide a better way to discover, understand, and evaluate research, something that is critically needed in the world today.”
Jisc’s endorsement of Scite highlights the platform’s value in delivering accurate, insight-rich research tools to prestigious institutions such as the University of Manchester and the University of Exeter. Research Solutions is delighted to extend services to additional UK educational institutions and looks forward to making significant contributions to the academic landscape.
For more information on how Jisc is enhancing lives through the digital transformation of education and research, visit their website here. To learn more about how Scite and Research Solutions are providing universities and libraries with tools to elevate their academic work, click here.
About Jisc
Jisc’s vision is for the UK to be a world leader in technology for education and research. It owns and operates the super-fast national research and education network, Janet, with built-in cyber security protection. Jisc also provides technology solutions for members (colleges, universities, and research centres) and customers (public sector bodies), helps members save time and money by negotiating sector-wide deals and provides advice and practical assistance on digital technology. Jisc is funded by the UK higher and further education and research funding bodies and member institutions. For more information, contact [email protected] or 07443 983571.
About Research Solutions
Research Solutions, Inc. (NASDAQ: RSSS) provides cloud-based technologies to streamline the process of accessing, managing, and creating intellectual property. Since its founding, the company has been a pioneer in developing solutions to serve researchers. Today, more than 70 percent of the top pharmaceutical companies, prestigious universities, and emerging businesses rely on our family of products, powered by AI and NLP technologies, to support the innovation process from end to end with the most comprehensive information and knowledge tools on the market. For more information and details, please visit www.researchsolutions.com.
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