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Artificial Intelligence

Kharon And WiseTech Global Partner To Expose Hidden Risk In Sanctions Compliance

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Kharon, the research and data analytics company focused on security threats and other controversies that impact global commerce and finance, and WiseTech Global, leading developer and provider of software solutions to the logistics industry globally, today announced they have partnered to boost sanctions and risk compliance by offering clients access to more precise intelligence.

The partnership will give WiseTech Global’s CargoWise customers access to Kharon’s 50 Plus dataset which covers thousands of entities in hundreds of jurisdictions and across multiple industries, including shipping and logistics, that may be majority owned by sanctioned parties, and considered sanctioned-by law. This information is critical for identifying and managing risk with respect to the OFAC and the EU equivalent’s 50% Rule.

As well as the 50 Plus dataset, clients will also have access to Kharon’s Maritime dataset through WiseTech Global’s integrated logistics execution platform, CargoWise.

Victoria Lumb, Head of Sales at Kharon, said: “Sanctions is one of Kharon’s core areas of focus which means our subject matter experts are able to really scrutinize challenges for businesses, such as 50% ownership, with unparalleled depth and coverage. We will not stop at 3 or 4 degrees of majority ownership, Kharon will capture all, going beyond 10 degrees in some cases. This depth of understanding is vital when many of the companies with majority sanctioned ownership are held through complex structures, several degrees downstream from the sanctioned parent, and never appear on any government list.”

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Cooper Brindle, Product Manager at WiseTech Global, said: “For logistics providers operating with different companies across the world on a daily basis, being able to screen not just people and companies, but vessels, for hidden risk is critically important. With more frequent designations and enforcements from regulators on one hand, and improved evasion tactics by sanctioned networks on the other, clients need the most detailed and up-to-date intelligence we can offer them to make informed business decisions. We’re pleased to be partnering with Kharon and providing our CargoWise users with this enhanced cross-border compliance functionality.”

Artificial Intelligence

Gaming Innovation Group rebrands GiG Media to Gentoo Media

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ST. JULIAN’S, Malta, June 18, 2024 /PRNewswire/ — Gaming Innovation Group Inc. (GiG), a leader in digital marketing and media within the online gaming sector, today announced that GiG Media will be rebranding to Gentoo Media. The rebranding comes ahead of the planned split of the Company in Q3 2024 as previously announced. The change reflects the Company’s ongoing commitment to growing the business and building on the successful track record as a leading affiliate in the iGaming industry. 

The new company name Gentoo Media pays a tribute to GiG Media’s Rebel Penguin heritage, as the Gentoo is an Antarctic penguin species known for prospering by coming together as a unit to survive and thrive. Furthermore, Gentoo symbolises the next generation of the Company’s legacy, stepping into a new chapter while continuing the path as a market leading affiliate, shaping the future of affiliation. The new brand encapsulates the Company’s commitment to deliver superior results for partners and to provide exceptional value to shareholders.
Jonas Warrer, CEO of GiG says: “The launch of our new brand is a big milestone for us in the process of separating GiG Media from Gaming Innovation Group. Gentoo has been created with all our partners and employees in mind, ensuring to communicate an accurate and genuine view of ourselves, the business and what we stand for and believe in. The launch of Gentoo marks a new era and we couldn’t be more excited for the future prospects of the business.” 
Mikael Harstad, Chairman of the Board says: “The rebrand of GiG Media marks a pivotal moment in the separation of Gaming Innovation Group into two independent businesses, and is a vital step in the process of increasing shareholder value. The launch of Gentoo is a testament to the organisation’s dedication in delivering superior quality and results in every aspect of the business, and is setting the company off to a great start.”
For more information, please contact:Jonas Warrer, CEO of GiG, [email protected], +45 30788450
About Gaming Innovation Group (GiG)Gaming Innovation Group is a leading iGaming technology company that provides solutions, products, and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry-leading platform, sportsbook and media provider delivering world-class solutions to our iGaming partners and their customers’.  GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under GIGSEK. www.gig.com
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group-rebrands-gig-media-to-gentoo-media,c4002773
 

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Revolutionize Space Management with Milesight VS Series Occupancy & People Counting Solutions

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XIAMEN, China, June 18, 2024 /PRNewswire/ — In an era where data-driven decision-making is pivotal, understanding and optimizing the use of spaces has become a critical need for businesses, institutions, and public spaces. Milesight’s VS Series Occupancy & People Counting sensors stand at the forefront of this revolution, offering sophisticated, reliable, and precise solutions to monitor and manage people flow and space utilization.

What Are Milesight’s VS Series Sensors?Milesight’s VS Series encompasses a range of advanced sensors specifically designed to accurately count people and monitor occupancy levels in real-time. These sensors leverage cutting-edge AI algorithms and state-of-the-art technology to provide high accuracy and reliable data, catering to diverse environments such as offices, retail spaces, transportation hubs, and educational institutions.
Key Features and Benefits:Heat MapVisualize movement trends with heat maps.Group CountingRealizes group counting to gain deeper insights into customers’ behaviors and shopping preferences.Multi-Device StitchingSmoothly fuse multiple sensors to extend the covering area.Staff DetectionIdentify Staff by reflective strip or staff lanyard.Adults/Children DifferentiationDifferentiate adults and children by height setting.
Applications Across Industries:Corporate OfficesRetail and Shopping MallsTransportation Hubs
Success Stories1000+ People Counting Sensors Improve Business in 700+ Retail Stores in Europe The Milesight AI ToF People Counting Sensor VS133 has been successfully deployed in over 700 retail stores across Europe, with more than 1,000 devices installed. This project caters to a wide range of industries, including clothing, retail, jewelry, cosmetics, and more. Leading retail brands such as JOTT, Herno, Hawkers, and many others have benefited from this solution, achieving efficient operations and enhancing their overall performance.
Product HighlightsVS135 Ultra ToF People CounterVS351 Mini Al Thermopile People CounterVS360 IR Breakbeam People CounterVS133 Al ToF People Counting Sensor VS350 Passage People Counter VS330 Cubicle Occupancy Sensor VS121 Al Workplace Occupancy Sensor VS34x Desk & Seat Occupancy Sensor
Milesight’s VS Series Occupancy & People Counting sensors are revolutionizing how spaces are managed. By providing precise, real-time data, these sensors enable better decision-making, enhanced safety, and improved efficiency. Whether you are looking to optimize a small office or manage a large public space, Milesight’s VS Series offers the tools you need to succeed.
Contact: [email protected] 
Logo – https://mma.prnewswire.com/media/2441385/Milesight_Logo.jpg

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Nota AI®, Leading AI Optimization Company, Secures $19.9 Million Series C Funding to Pioneer On-Device Generative AI

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Cumulative funding reaches approximately $42.6 million since inception, solidifying Nota AI’s position as Korea’s leading on-device AI innovatorIPO preparations for 2025 are underway with strong backing from lead underwriterParticipation from global AI semiconductor CVC and major AI semiconductor company as strategic investorsSEOUL, South Korea, June 18, 2024 /PRNewswire/ — Nota AI, a leading South Korean startup specializing in AI optimization and lightweighting technology, has successfully raised $19.9 million (25.8 billion KRW) in its Series C funding round. This brings the total investment raised since its founding to approximately $42.6 million (53.2 billion KRW). The round was led by STIC Ventures and LB Investment, with new investments from STIC Ventures, Korea Development Bank, and Mirae Asset Securities. Existing investors Stonebridge Ventures, LB Investment, InterVest, and DS Investment Partners also contributed additional funds, alongside a key AI semiconductor CVC participating as a strategic investor.

Founded in 2015, Nota AI specializes in edge and on-device generative AI technology. Early recognition of its potential came with initial investments from Naver D2SF. Since then, Nota AI has rapidly expanded its customer base both domestically and internationally, securing continuous investments from Stonebridge Ventures and LB Investment.
Leveraging this new funding, Nota AI plans to actively recruit top AI optimization talent and enhance collaborations with global AI semiconductor companies to expand its business. Nota AI is already engaged in significant contracts to provide generative AI optimization technology to leading AI semiconductor firms.
Looking ahead, Nota AI aims to extend its high-performance generative AI model optimization technology to various industries such as robotics and mobility, allowing broader applications of generative AI in daily life. Additionally, Nota AI plans to strengthen AI optimization technology collaborations with strategic investors targeting AI semiconductors.
Nota AI intends to file for an IPO early next year, with Mirae Asset Securities as the lead underwriter, indicating strong preparation for a stable listing. Mirae Asset Securities, participating in this investment round, has expressed high expectations for Nota AI’s successful IPO.
Myungsu Chae, CEO of Nota AI, stated, “Our sales for the first half of this year are expected to exceed the total sales of 2023, and we anticipate a 300% increase in sales for 2024 compared to the previous year. With this investment, we will actively pursue strategic collaborations with partners and expand our overseas business to establish ourselves as a global leader in on-device AI.”
Jae Won Do, Director at STIC Ventures, who led this investment round, commented, “Nota AI is evaluated as a company that can popularize evolving and sophisticated AI models across various devices. We expect that, alongside big tech companies like NVIDIA and ARM, Nota AI will play a key role in the spread of on-device AI.”
Nota AI’s platform, ‘NetsPresso,’ optimizes AI models for device compatibility, allowing AI models to run directly on the device. Nota AI has established official partnerships with global tech companies such as NVIDIA, ARM, Intel, STMicroelectronics, and Renesas, maintaining close collaborations.
Photo – https://mma.prnewswire.com/media/2441366/Nota_AI__Leading_AI_Optimization_Company_Secures__19_9_Million.jpg

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