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CORE Industrial Partners Portfolio Company PrecisionX Group Acquires National Manufacturing

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Martedì, Maggio 28, 2024

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of National Manufacturing Co. (“National” or the “Company”), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group (“PrecisionX”).

Key Points:

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of National Manufacturing Co. (“National” or the “Company”), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group (“PrecisionX”).
CORE previously acquired GEM Manufacturing, a provider of precision deep drawn metal components, in February 2023, and Coining, a provider of progressive die stamping as well as screw, CNC, and wire EDM machining capabilities, in June 2023, to form PrecisionX.
Headquartered in Piscataway, New Jersey, and operating in a 90,000 square foot facility with more than 150 machines, the Company holds ISO13485, AS9100, and ISO9001 certifications and an ITAR registration.
Matthew Puglisi, Partner at CORE, said, “We believe National is well-positioned at the forefront of the deep and shallow drawn specialty stamping space following decades of providing differentiated technical capabilities and outstanding customer service.

Surf Air Mobility Reports First Quarter Revenue Growth Above Guidance and Announces CEO Transition

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Martedì, Maggio 14, 2024

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results.

Key Points:

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results.
Surf Air Mobility Inc. today announced that Southern Airways founder and current Surf Air CEO Stan Little will transition to a “Founder’s” role.
“Once again, Surf Air Mobility achieved many of our goals in the first quarter, while also meeting or beating guidance.
Surf Air Mobility will provide full-year 2024 guidance at its Investor Day to be held in the third quarter of 2024.

Breakthroughs in AI Chips and Image Recognition Propel Market Growth and Business Enhancements

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Lunedì, Maggio 13, 2024

3D, Partnership, M&E, Internet of things, Privacy, Himax, Ecosystem, AECO, NPU, Research, Artificial intelligence, Consumer, ADSK, News, Wi-Fi 6, Bluetooth, Software, AMBA, ESL, Nemetschek, Saint Andrew's Society, Robotics, Market, Socs, IP, Radio, UWB, Semiconductor, AI, Advertising, CEVA, 2D, SOC, Video game

VANCOUVER, BC, May 13, 2024 /PRNewswire/ -- USA News Group – The race to improve artificial intelligence (AI) is accelerating at breakneck speed, with China recently unveiling a new photon-powered neural network microchip that can run on a thousandth as much energy as common electron-powered chips. According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032. As new chips improve, so too do the ways we use the chips to enhance businesses through AI-powered deep machine learning and neural networks. In one aspect that's consistently improving is AI-powered image recognition, which Research and Markets projects to grow at a CAGR of 16.1% towards US$98.6 billion by 2029. This portion of the AI revolution is being rapidly implemented and improved by developers including Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Ambarella, Inc. (NASDAQ: AMBA), Ceva, Inc. (NASDAQ: CEVA), Himax Technologies, Inc. (NASDAQ: HIMX), and Autodesk, Inc. (NASDAQ: ADSK).

Key Points:

According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032.
As new chips improve, so too do the ways we use the chips to enhance businesses through AI-powered deep machine learning and neural networks.
As the capabilities of deep machine learning expand across various industries, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and broadened its market reach.
By integrating object visual recognition, Scope AI is enhancing the ability of companies to personalize ad content, create immersive gaming experiences, and utilize neural networks for diverse applications.

Breakthroughs in AI Chips and Image Recognition Propel Market Growth and Business Enhancements

Retrieved on:

Lunedì, Maggio 13, 2024

VANCOUVER, BC, May 13, 2024 /PRNewswire/ -- USA News Group – The race to improve artificial intelligence (AI) is accelerating at breakneck speed, with China recently unveiling a new photon-powered neural network microchip that can run on a thousandth as much energy as common electron-powered chips. According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032. As new chips improve, so too do the ways we use the chips to enhance businesses through AI-powered deep machine learning and neural networks. In one aspect that's consistently improving is AI-powered image recognition, which Research and Markets projects to grow at a CAGR of 16.1% towards US$98.6 billion by 2029. This portion of the AI revolution is being rapidly implemented and improved by developers including Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Ambarella, Inc. (NASDAQ: AMBA), Ceva, Inc. (NASDAQ: CEVA), Himax Technologies, Inc. (NASDAQ: HIMX), and Autodesk, Inc. (NASDAQ: ADSK).

Key Points:

According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032.
As new chips improve, so too do the ways we use the chips to enhance businesses through AI-powered deep machine learning and neural networks.
As the capabilities of deep machine learning expand across various industries, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and broadened its market reach.
By integrating object visual recognition, Scope AI is enhancing the ability of companies to personalize ad content, create immersive gaming experiences, and utilize neural networks for diverse applications.

Economic Shifts Ahead as AI Integrates Deeply into Work and Society, Fueling $4.4 Trillion Growth

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Mercoledì, Maggio 8, 2024

VANCOUVER, May 8, 2024 /PRNewswire/ -- USA News Group News Commentary – New developments in AI technology are currently changing the face of work, economies, and society as we know it, according to analysts at McKinsey & Company who are projecting generative AI (gen AI) could add $4.4 trillion annually to the global economy. Between January and March of this year alone, the world's largest cloud-computing giants have collectively invested $40 billion mostly into data centres equipped to deal with growing AI workloads, according to The Economist. The shift is leading experts to witness how AI companies are leading a transition from Software-as-a-Service to Service-as-Software, turning the table on the very essence of SaaS, representing a $4.6 trillion opportunity. A variety of tech companies have recently advanced the integration of AI, providing swift, safe, and cost-effective solutions for businesses to adopt artificial intelligence technology this past week, including: Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Meta Platforms, Inc. (NASDAQ: META), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), and C3.ai, Inc. (NYSE: AI).

Key Points:

Now analysts are trying to determine whether the GenAI boom is setting up to be another bubble, or a legitimate long-term investment opportunity .
Built on advanced visual recognition and neural network technology, GEM could advance industries, including Advertising and Gaming, by providing them with new insights and capabilities.
Built-in customer support and user management modules allow for seamless assistance, while the native referral system fosters user engagement and growth.
Doing so lets enterprises utilize AI investments they've already made, while also leveraging Bedrock's capabilities to scale their models and applications.

Economic Shifts Ahead as AI Integrates Deeply into Work and Society, Fueling $4.4 Trillion Growth

Retrieved on:

Mercoledì, Maggio 8, 2024

VANCOUVER, May 8, 2024 /PRNewswire/ -- USA News Group News Commentary – New developments in AI technology are currently changing the face of work, economies, and society as we know it, according to analysts at McKinsey & Company who are projecting generative AI (gen AI) could add $4.4 trillion annually to the global economy. Between January and March of this year alone, the world's largest cloud-computing giants have collectively invested $40 billion mostly into data centres equipped to deal with growing AI workloads, according to The Economist. The shift is leading experts to witness how AI companies are leading a transition from Software-as-a-Service to Service-as-Software, turning the table on the very essence of SaaS, representing a $4.6 trillion opportunity. A variety of tech companies have recently advanced the integration of AI, providing swift, safe, and cost-effective solutions for businesses to adopt artificial intelligence technology this past week, including: Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Meta Platforms, Inc. (NASDAQ: META), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), and C3.ai, Inc. (NYSE: AI).

Key Points:

Now analysts are trying to determine whether the GenAI boom is setting up to be another bubble, or a legitimate long-term investment opportunity .
Built on advanced visual recognition and neural network technology, GEM could advance industries, including Advertising and Gaming, by providing them with new insights and capabilities.
Built-in customer support and user management modules allow for seamless assistance, while the native referral system fosters user engagement and growth.
Doing so lets enterprises utilize AI investments they've already made, while also leveraging Bedrock's capabilities to scale their models and applications.

SCOPE AI ENHANCES GEM SYSTEM

Retrieved on:

Mercoledì, Maggio 8, 2024

Brain, Advertising, Artificial intelligence, Data analysis, Algorithm, Growth

VANCOUVER, BC, May 8, 2024 /PRNewswire/ -- Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is pleased to provide an update on new developments of Scope's artificial intelligence driven recognition technology called GEM (General Enterprise Machine Learning) system.

Key Points:

VANCOUVER, BC, May 8, 2024 /PRNewswire/ -- Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is pleased to provide an update on new developments of Scope's artificial intelligence driven recognition technology called GEM (General Enterprise Machine Learning) system.
Built on advanced visual recognition and neural network technology, GEM could advance industries, including Advertising and Gaming, by providing them with new insights and capabilities.
Advertising: GEM aims to enable advertising businesses to personalize ad content based on real-time user behavior analysis.
Gaming: In the gaming industry, GEM aims to enhance user experiences by customizing gameplay and recommendations.

Generative AI Market Set for Meteoric Rise, Expected to Reach $266 Billion by 2032

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Lunedì, Maggio 6, 2024

VANCOUVER, BC, May 6, 2024 /PRNewswire/ -- USA News Group – Despite a lack of consensus among thousands of experts on the development of artificial intelligence (AI) as it permeates the global economy, one thing is certain, AI is here to stay. According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032, growing at an explosive CAGR of 37.8%. Behind the scenes of this AI-revolution, several tech companies are jockeying for position and adding new propositions for their clients, including developments from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Cisco Systems, Inc. (NASDAQ: CSCO), Mobileye Global Inc. (NASDAQ: MBLY), Samsara Inc. (NYSE: IOT), and Veritone, Inc. (NASDAQ: VERI).

Key Points:

According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032 , growing at an explosive CAGR of 37.8%.
The platform's intuitive web interface allows businesses of any size to easily start and create tailored solutions.
Quest Waste Management recently selected Samsara Inc. (NYSE: IOT) to provide its industry-leading AI dash cams to improve fleet safety.
The suite utilizes the aiWARE enterprise AI platform to deliver comprehensive capabilities in media monitoring, content discovery, ad verification, and analytics.

Generative AI Market Set for Meteoric Rise, Expected to Reach $266 Billion by 2032

Retrieved on:

Lunedì, Maggio 6, 2024

VANCOUVER, BC, May 6, 2024 /PRNewswire/ -- USA News Group – Despite a lack of consensus among thousands of experts on the development of artificial intelligence (AI) as it permeates the global economy, one thing is certain, AI is here to stay. According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032, growing at an explosive CAGR of 37.8%. Behind the scenes of this AI-revolution, several tech companies are jockeying for position and adding new propositions for their clients, including developments from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Cisco Systems, Inc. (NASDAQ: CSCO), Mobileye Global Inc. (NASDAQ: MBLY), Samsara Inc. (NYSE: IOT), and Veritone, Inc. (NASDAQ: VERI).

Key Points:

According to analysts at Fintech Futures, the Generative AI Market expected to reach a revenue of US$266 billion by 2032 , growing at an explosive CAGR of 37.8%.
The platform's intuitive web interface allows businesses of any size to easily start and create tailored solutions.
Quest Waste Management recently selected Samsara Inc. (NYSE: IOT) to provide its industry-leading AI dash cams to improve fleet safety.
The suite utilizes the aiWARE enterprise AI platform to deliver comprehensive capabilities in media monitoring, content discovery, ad verification, and analytics.

GROUNDBREAKING STUDY REVEALS HEIGHTENED CONSUMER DEMAND FOR GENDER EQUALITY IN ADVERTISING RESULTING IN UP TO 10X INCREASE IN SALES

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Giovedì, Maggio 2, 2024

ANA, Consumer, Advertising, Marketing, Georgia-Pacific, Partnership, Empowerment, Equality, Research, History, Female, Generation Z, Gender, Growth, Toy

NEW YORK, May 2, 2024 /PRNewswire/ -- Accurate gender representation in advertising is driving measurable business outcomes for brands—such as heightened consumer trust, loyalty and, most importantly, improved sales performance—according to SeeHer's latest Gender Equality Measure (GEM®) Lift research. SeeHer is a global movement, within the Association of National Advertisers (ANA), to accurately portray women and girls in marketing, advertising, media and entertainment. SeeHer spearheaded GEM®, the global gold standard of measuring gender bias in advertising and content.

Key Points:

Starting in 2019, SeeHer's GEM® Lift analysis has been conducted biennially in partnership with Circana, the leading advisor on the complexity of consumer behavior.
It measures the impact on business growth when gender equality principles are embedded in advertising campaigns.
"Younger consumers have higher expectations when it comes to accurate portrayals of women in advertising and lower tolerance for gender stereotypes.
"Brands are starting to appreciate how gender equality in advertising can drive sales growth," said Erika Digirolamo, Director of Media and Marketing Solutions for Circana.