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anch.AI, former AI Sustainability Center, Secures $2.1M in Seed Funding to Launch Ethical AI Governance Platform

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Against the rising tide of regulation, anch.AI has released the first horizontally integrated ethical AI governance platform, a one-stop shop for businesses to accelerate responsible AI adoption across their organization. The B2B SaaS startup emerged from the AI Sustainability Center, a Swedish think tank, and has secured $2.1M in seed funding to further develop and launch their pioneering risk assessment platform. The round was led by Benhamou Global Ventures (BGV), with participation from Terrain Invest, Magnus Rausing, Kent Janér and Fredrik Andersson.

Demand for AI governance tools has surged as organizations that operate in the European Union anticipate implementing sweeping GDPR-caliber changes due to proposed regulation on the development and use of artificial intelligence. Noncompliant companies could face fines up to 6% of their global turnover or 30 million euros. Yet, McKinsey research suggests that companies lack the capacity to address the full range of AI risks they face, and many are unclear on the extent of their risk exposure or the harm their AI could cause society and individuals, such as unintended discrimination, privacy intrusion and social exclusion.

“AI solutions are often developed in a silo without integrated technical, legal, ethical and business related oversight, which opens the door to costly and damaging risk for the business,” said Anna Felländer, anch.AI’s Founder. “We developed the anch.AI platform for enterprises’ visibility and orchestration of AI, identify risks as well as their root causes, and remedy the areas of exposure.”

Enursing alignment with collective ethical values and compliance to existing and upcoming regulation, the anch.AI platform offers screening, assessment, mitigation and reporting on one coherent platform. The assessment methodology stems from multidisciplinary research to detect and remedy ethical risks in companies’ AI solutions.

“anch.AI is pioneering an industry-first Ethical AI Governance Platform providing the best balance between speed, choice and development of ethical AI,” said Anik Bose, general partner of BGV. “We believe AI risk represents a sleeping giant in our industry, and the anch.ai platform can make a major impact in addressing these ethical challenges as a single source of truth.”

anch.AI invites organizations to complete its free Ethical AI Health Check, which uncovers their organization’s exposure to ethical and legal breaches. This initial screening is an important first step to developing AI that humans can trust, regardless of their background.

The research team of the former AI Sustainability Center will continue to pursue world leading multidisciplinary research in the independent newly founded Research Institute for Sustainable AI, led by Ricardo Vinuesa, Ph.D. and AI researcher at the Royal Institute of Technology in Sweden.

“We are thrilled to continue our research on Sustainable AI to ensure human values are kept at the core, while the anch.AI platform focuses on scaling their offering to businesses,” says Vinuesa, Director of the Research Institute for Sustainable AI.

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Xiao-I Corporation to Announce Full Year 2023 Results

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Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or “the Company”), a leading artificial intelligence company, announced today that that the Company’s full year 2023 financial results will be released before the U.S. market opens on Tuesday April 30, 2024.
The Company will host a conference call to discuss its results at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) the same day. The live and archived webcast of the conference call can be accessed at the Xiao-I website Investors Section at Cognitive Intelligence AI Solution Provider | Xiao-i (xiaoi.com)
What: Xiao-I Corporation Full Year 2023 (ended December 31, 2023) Earnings Conference CallWhen: 8:00 a.m. U.S. Eastern Time on Tuesday, April 30, 2024Webcast: Xiao-I Corporation – Events (xiaoi.com)
To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.
Online Registration: https://register.vevent.com/register/BI4f0f95dc96b94137a202d2d353d393fb
Participants who have not pre-registered may join the webcast by accessing the link at Xiao-I Corporation – Events (xiaoi.com)
A live and archived webcast of the conference call will be available on the Investors section of Xiao-I’s website at Cognitive Intelligence AI Solution Provider | Xiao-i (xiaoi.com)
The post Xiao-I Corporation to Announce Full Year 2023 Results appeared first on HIPTHER Alerts.

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Damstra targets global growth as part of Ideagen

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Ideagen has further strengthened its position as a global leader in regulatory compliance software with the acquisition of Australian workforce safety solution, Damstra Technology.
Damstra’s suite of cloud-based contractor and workforce management tools, complement Ideagen’s existing portfolio of quality, compliance, health, safety and risk management software, enabling Ideagen to offer even more comprehensive, tailored solutions to regulated industries.
Speaking about their latest acquisition, Ben Dorks, Ideagen CEO, said: “We’re thrilled to welcome Damstra into the Ideagen family. This acquisition significantly strengthens our solutions for high-risk industries such as mining, energy, and construction.
“Damstra’s robust safety and compliance solutions enhance our EHS capabilities enabling us to help our customers meet regulatory requirements, mitigate risk and achieve operational excellence. ”
Damstra software provides end-to-end safety solutions for workforce management that allows organizations to predict, mitigate and reduce unforeseen and unnecessary business risks to people, workplaces, assets and information.
Christian Damstra, CEO of Damstra Technology, commented on the acquisition: “Joining Ideagen is a pivotal moment for Damstra. We’re excited about the opportunities this acquisition opens up for customers and colleagues.
“Leveraging Ideagen’s global footprint and deep industry expertise means we can offer our customers enhanced support, scalability and a wider portfolio of products.
“As Ideagen Damstra, we can continue to introduce cutting-edge, integrated solutions, redefining industry standards and creating safer, more efficient workplaces. Together, we’ll enhance our capabilities and further solidify our dedication to innovation and excellence, delivering solutions to regulated industries worldwide. ”
With more than one million daily users of Ideagen quality, risk, audit, health and safety, and collaboration solutions, Ideagen understands the challenges organization’s face in today’s complex and increasingly volatile business market.
This acquisition is the fifth Australian business to be brought into the Ideagen family since the start of 2023 and underscores the UK headquartered businesses’ commitment to building a robust suite of solutions for regulated industries worldwide. As part of their Asia-Pacific footprint, Ideagen Damstra joins, Ideagen OnePlace Solutions (May 2023), Ideagen Lucidity (October 2023) Ideagen OpCentral (November 2023) and Ideagen Plant Assessor (January 2024) alongside Ideagen CompliSpace (December 2021).
It is their third acquisition of 2024 and follows Monday’s announcement that InPhase, the mobile frontline worker safety solution would be joining Ideagen.
The post Damstra targets global growth as part of Ideagen appeared first on HIPTHER Alerts.

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E-waste Disposal Market to Reach $198.5 billion, Globally, by 2032 at 13.6% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “E-waste Disposal Market by Material (Metal, Plastic, Glass, Others), by Source (Household Appliances, IT and Telecommunication, Consumer Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the e-waste disposal market was valued at $64.4 billion in 2023, and is estimated to reach $198.5 billion by 2032, growing at a CAGR of 13.6% from 2024 to 2032.
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https://www.alliedmarketresearch.com/request-sample/A32160
(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)

128 – Tables
51 – Charts
250 – Pages

Prime Determinants of Growth
The key drivers of the e-waste disposal market include rise in consumer electronics consumption, stringent environmental regulations, and increase in awareness of electronic recycling opportunities. Moreover, innovative recycling technologies and expanding global e-waste management infrastructure are expected to provide lucrative opportunities for the growth of the e-waste disposal market during the forecast period. However, challenges in proper collection, logistics, and the presence of hazardous substances in electronic waste limit the growth of the e-waste disposal market.
Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2023

Market Size in 2023

$64.4 billion

Market Size in 2032

$198.5 billion

CAGR

13.6 %

No. of Pages in Report

250

Segments Covered

Material, Source, and Region

Drivers

Rise in Use of Electronic Devices
Environmental Awareness about Sustainable E-Waste Disposal

Opportunity

Technological advancement
Embracing circular economy initiatives

Restraint

Supply chain challenges in the e-waste sector

The metal segment to maintain its leadership status during the forecast period
On the basis of material, the metal segment held the highest market share in 2023, accounting for nearly half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The metal segment is expected to witness the fastest growth rate of 13.8% during the forecast period owing to innovation and investment in recycling technologies.
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The consumer electronics segment to maintain its leadership status during the forecast period
On the basis of source, the consumer electronics segment held the highest market share in 2023, accounting for more than half of the global e-waste disposal market revenue and is estimated to maintain its leadership status during the forecast period. The consumer electronics segment is also projected to attain the highest CAGR of 13.7% from 2024 to 2032 owing to rapid technological advancements and shorter product lifecycles.
Asia-Pacific to maintain its dominance by 2032
On the basis of region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting nearly two-fifth of the e-waste disposal industry revenue and expected to manifest the highest CAGR of 13.9% from 2024 to 2032 owing to rise in investments in Asia-Pacific regarding sustainable waste management awareness of proper disposal methods.
Leading Market Players:

Desco Electronic Recyclers
Aurubis AG
Boliden Group
MBA Polymers Inc.
ERI
Sims Limited
Umicore Stena Metall AB
Tetronics Environmental Technology Company
MRI Technologies

The report provides a detailed analysis of these key players in the global e-waste disposal market. These players have adopted different strategies such as partnership, investment in R&D, acquisition, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Key Benefits For Stakeholders:

This e-waste disposal market report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the e-waste disposal market analysis from 2023 to 2032 to identify the prevailing e-waste disposal market opportunities.
The e-waste recycling market research is offered along with information related to e-waste disposal market growth drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the e-waste disposal market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the e-waste disposal market share by company.
The report includes the e-waste disposal market insights of the regional as well as global e-waste disposal market trends, key players, market segments, application areas, and E-waste disposal growth drivers and strategies.

Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/E-Waste-Disposal-Market
E-waste Disposal Market Key Segments:
By Material

Metal
Plastic
Glass
Others

By Source

Household Appliances
IT and Telecommunication
Consumer Electronics
Others

By Region:

North America (U.S., Canada, and Mexico)
Europe (UK, Germany, France, Russia, and Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific)
Latin America (Brazil, Argentina, and Rest of Latin America)
Middle East and Africa (UAE, Saudi Arabia, and Rest of Middle East and Africa)

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Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
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The post E-waste Disposal Market to Reach $198.5 billion, Globally, by 2032 at 13.6% CAGR: Allied Market Research appeared first on HIPTHER Alerts.

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