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Universal Moulding Ltd. to Showcase Innovative Class-B Thread Protectors at API Standards Conference

Retrieved on:

torsdag, maj 30, 2024

Research, Production, API, Universal, 11 (number), Conference, American Petroleum Institute, Pharmaceutical industry

As a leading provider of high-quality pipe protection products, Universal Moulding Ltd. will feature a 6' table at the event, where attendees can explore our latest KNIGHT® line of Class-B protectors.

Key Points:

As a leading provider of high-quality pipe protection products, Universal Moulding Ltd. will feature a 6' table at the event, where attendees can explore our latest KNIGHT® line of Class-B protectors.
These protectors are designed to meet the new API 5CT 11th Edition Annex F requirements, which now include the recently introduced Class-B specifications.
The API Exploration and Production Standards Conference is a premier event that brings together industry professionals to discuss, develop, and learn about the latest standards, research, and technological advancements in the oil and natural gas sector.
For more information about Universal Moulding Ltd. and its products, please visit www.umltd.ca .

Tachyum Demonstrates Full BF16 AI Support in GCC and PyTorch

Retrieved on:

tisdag, maj 28, 2024

BF16, or bfloat16, is a shortened floating point data type based on the IEEE 32-bit single-precision floating point data type (f32).

Key Points:

BF16, or bfloat16, is a shortened floating point data type based on the IEEE 32-bit single-precision floating point data type (f32).
Tachyum now fully supports BF16 for use with GCC 13.2 (GNU Compiler Collection); HPC/linear algebra Eigen library optimized for Prodigy Universal Processor; and PyTorch AI framework.
This built-in support offers high performance for AI training and inference workloads, increases performance and reduces memory utilization.
The demonstrated ResNet model has been quantized using the BF16 data type to take advantage of Prodigy BF16 vector instruction, particularly activation, loss and reduction functions.

2023 macroprudential stress test of the euro area banking system

Retrieved on:

tisdag, maj 28, 2024

Pillar, Money, Prescription, Economic statistics, Stage 2, Risk, Issue 1, Monetary economics, Research Papers in Economics, Social science, Real, Section 3, Central bank, Quarterly Journal, Canadian International Council, Depreciation, C54, JEL, GDP, Section 5, Reference, ESRB, ECB, Credit, BEAST, Reproduction, Calibration, Housing, Face, Coronavirus, EUR, NPL, Methodology, Comparison, Financial economics, NFCI, NFPS, Banco de Portugal, Remuneration, European Central Bank, Finance, Projection, RWA, European Systemic Risk Board, Literature, COVID-19, Business, Section, Statistics, Prasanta Chandra Mahalanobis, Relaxation, Deutsche Bundesbank, Forecasting, Aria, Frankfurt, Macroprudential regulation, International Journal of Forecasting, ROA, ISSN, Policy, Journal, VAR, Freedom, FSC, PDF, Unemployment, Acceleration, Tax, Section 4, Stress testing, Exercise, Bank of Lithuania, Quarterly Journal of Economics, Bank, NFC, Growth, Universal, Observation, EBA, MDA, Common equity

Contents

Key Points:

Contents
Abstract
2

1

Non-technical summary

3

2

Introduction

4

3

Macroeconomic scenarios

6

4

Methodological developments in macroprudential stress test
modelling

9

4.1

9

Updates to the model since the 2021 macroprudential stress test

5

Main findings on banking system resilience

13

6

Discussion of selected results

19

6.1

Bank lending

19

6.2

Asset quality and credit losses

21

6.3

Funding costs and net interest income

25

7

Conclusions

References

ECB Occasional Paper Series No 347

30
31

1

Abstract
This paper presents the updated macroprudential stress test for the euro area
banking system, comprising around 100 of the largest euro area credit institutions
across 19 countries.
Our results highlight the resilience of the euro area banking system and the
important role banks? adjustments play in the propagation of shocks to the financial
sector and real economy.
In line with the latest
EBA stress test, it also incorporates the effects stemming from the phasing-out of
non-conventional monetary policy.
The model tracks the
evolution of all euro area economies and that of 98 significant banks covering more
than 80% of the euro area banking sector.
ECB Occasional Paper Series No 347
3

2

Introduction
The 2023 macroprudential stress test assesses how adjustments to banks?
balance sheets in response to shocks feed back into the real economy.
The exercise employs a large-scale model of individual banks and countries
and applies the revised Banking Euro Area Stress Test (BEAST) framework.
The stress test results show that the euro area banking sector remains
resilient under the adverse scenario.
The impact of the stress test reveals significant
variability across banks, reflecting their diverse business models and heterogeneous
3
See ESRB (2023).
The macroprudential stress test captures how banks?
strategic adjustments to their balance sheets under stress feed back into the real
economy.
Euro area banks remain slightly profitable
in 2023, primarily driven by higher net interest income (NII) resulting from a
continued widening of margins.
Section 3 briefly presents the baseline and adverse scenarios that are
taken from the latest EBA stress test.
Section 4 describes the main developments of
the model since the last macroprudential stress test report.
Notes: Distribution of macroeconomic variables under the baseline and adverse annual scenarios across euro area countries.
ECB Occasional Paper Series No 347
8

4

Methodological developments in
macroprudential stress test modelling
The macroprudential stress-testing exercise employs the BEAST model, a
large-scale model linking the macroeconomy and the banking system.
The
macroprudential stress test model?s baseline scenario estimates of credit risk
parameters are more conservative than the risk parameters submitted by EU banks
in the EBA stress test.
The macroprudential stress test model shows a more positive contribution of
NII to capital compared with the EBA stress test under the adverse scenario
(Chart 4).
ECB Occasional Paper Series No 347
29

7

Conclusions
The macroprudential stress test is based on the same starting points and
macroeconomic scenarios as the EBA stress test but relaxes some of its key
assumptions.
The macroprudential stress-testing exercise considers the
development of 98 significant banks and 19 euro area economies, covering more
than 80% of the euro area banking sector.
Compared with the EBA stress test, the macroprudential stress test estimates
a lower depletion of the CET1 ratio in 2025 for the adverse scenario.
Budnik, K., Boucherie, L., Borsuk, M., Dimitrov, I., Giraldo, G., Gro?, J., Jancokov?,
M., Karmelavi?ius, J., Lampe, M., Vagliano, G. and Volk, M. (2021),
?Macroprudential stress test of the euro area banking system amid the coronavirus
(COVID-19) pandemic?, ECB, October.
European Central Bank (2023), ?2023 stress test of euro area banks?, Frankfurt am
Main, July.
European Systemic Risk Board (2023), ?Macro-financial scenario for the 2023 EUwide banking sector stress test?, Frankfurt am Main, January.

CYBER.ORG Hosts EdCon 24, A National Conference Designed to Empower the Next Generation of Cybersecurity Professionals through K-12 Cybersecurity Education

Retrieved on:

tisdag, maj 21, 2024

Presented by CISA and supported by industry partners, CYBER.ORG EdCon 24 is an annual national conference designed to empower educators, administrators and counselors with the knowledge and tools to expand access to K-12 cybersecurity education and equip future professionals with the skills to pursue cybersecurity careers.

Key Points:

Presented by CISA and supported by industry partners, CYBER.ORG EdCon 24 is an annual national conference designed to empower educators, administrators and counselors with the knowledge and tools to expand access to K-12 cybersecurity education and equip future professionals with the skills to pursue cybersecurity careers.
Amid the national shortage of nearly 450,000 cybersecurity professionals and an increasingly sophisticated landscape made more complex through emerging technology and AI, CYBER.ORG is providing the tools and skills needed to train the cybersecurity professionals of tomorrow.
CYBER.ORG EdCon 24 provides attendees with an opportunity to:
Explore no-cost resources and learn ready-to-implement lessons from CYBER.ORG curriculum developers.
How Cybersecurity Education Can Help Secure You and Your Students.”
Learn how to leverage the CYBER.ORG Range , a safe, virtual environment for K-12 students to learn cybersecurity skills.

Tachyum Software Distribution Package Enters Beta Testing

Retrieved on:

tisdag, maj 21, 2024

Tachyum ® today announced that its Prodigy® software distribution, a completely integrated software stack and package, is now available to early adopters and customers as a pre-installed image as part of the beta phase of testing.

Key Points:

Tachyum ® today announced that its Prodigy® software distribution, a completely integrated software stack and package, is now available to early adopters and customers as a pre-installed image as part of the beta phase of testing.
As part of the beta release, Tachyum upgraded all software and tested 57b addressing with applications on the Prodigy FPGA emulation system.
The company also began performance optimization, moving to 64KB page size as the default of its software distribution.
Tachyum is now switching to 64KB pages 55b VA in the QEMU software emulator as application software in these modes is less frequently tested.

Tachyum Moves UEFI to Beta, Adds RAID 1 Capabilities to Prodigy

Retrieved on:

onsdag, maj 15, 2024

Technology, Hardware, Semiconductor, SSD, Economics, UEFI, NVM Express, CAPEX, HDD, BIOS, Solid-state drive, AI, Prodigy, Universal, OPEX, RAID, OS, HPC, GPU, Video game

Tachyum ® today announced that it has advanced the Unified Extensible Firmware Interface (UEFI) to beta and has added RAID 1 capabilities.

Key Points:

Tachyum ® today announced that it has advanced the Unified Extensible Firmware Interface (UEFI) to beta and has added RAID 1 capabilities.
UEFI replaces the traditional BIOS as a next-generation interface between the operating system and platform firmware.
The manual explains each of the UEFI menus, how to configure UEFI parameters and how to save new configurations.
RAID 1 was added to provide a RAID boot without the need for expensive NVMe SSD RAID cards, helping to bring Prodigy-enabled systems to datacenter-level class.

Siren Biotechnology and Catalent Enter Partnership for Manufacturing of AAV Gene Therapies for Cancer

Retrieved on:

onsdag, maj 8, 2024

FDA, Biopharmaceutical, Partnership, AAV, CDMO, Catalent, Universal, Patient, Siren, SAN, CGMP, Pharmaceutical industry

SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Siren Biotechnology, pioneers of Universal AAV Immuno-Gene Therapy for Cancer, and Catalent Inc., the leader in enabling the development and supply of better treatments for patients worldwide, entered a strategic partnership to support the development and manufacturing of Siren Biotechnology’s AAV immuno-gene therapies.

Key Points:

SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Siren Biotechnology, pioneers of Universal AAV Immuno-Gene Therapy for Cancer, and Catalent Inc., the leader in enabling the development and supply of better treatments for patients worldwide, entered a strategic partnership to support the development and manufacturing of Siren Biotechnology’s AAV immuno-gene therapies.
Under the partnership, Catalent will provide process development and cGMP manufacturing of Siren Biotechnology’s adeno-associated viral (AAV) vector-based therapeutic candidates for use in clinical trials.
“We look forward to working with Catalent, a leading CDMO with premier capabilities in AAV vector development and manufacturing, on the development of our AAV Immuno-Gene Therapies,” said Dr. Nicole Paulk, CEO, Founder, and President of Siren Biotechnology.
We are excited to work together to pioneer a pathway for the development and commercial manufacturing of safe, high-quality AAV gene therapies to provide life-saving treatments to patients with cancer.”

Three Innovative Educators Selected as Winners of the Second Annual McGraw Hill Pathfinder Awards

Retrieved on:

måndag, maj 6, 2024

COLUMBUS, Ohio, May 06, 2024 (GLOBE NEWSWIRE) -- McGraw Hill, a leading global education company, today announced the winners of its second annual McGraw Hill Pathfinder Awards.

Key Points:

COLUMBUS, Ohio, May 06, 2024 (GLOBE NEWSWIRE) -- McGraw Hill, a leading global education company, today announced the winners of its second annual McGraw Hill Pathfinder Awards.
“It’s an honor to celebrate educators who use their passion and inventiveness to further student learning outcomes,” said Simon Allen, McGraw Hill CEO.
For more information about these educators and the McGraw Hill Pathfinder Award, visit: https://www.mheducation.com/pathfinder-awards .
McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

Tachyum Adds Watchdog Timers to Prodigy FPGA

Retrieved on:

tisdag, maj 7, 2024

Semiconductor, Hardware, Data Management, Technology, Software, Economics, GPU, FPGA, HPC, Universal, VM, Prodigy, Organization, OS, AI, OPEX, CAPEX, Video game

Tachyum ® today announced that it has added a watchdog timer to its Prodigy® FPGA emulation system to help detect and recovery from device or system malfunction.

Key Points:

Tachyum ® today announced that it has added a watchdog timer to its Prodigy® FPGA emulation system to help detect and recovery from device or system malfunction.
Available as both a hardware and virtualized time, Prodigy’s watchdog is part of a self-healing infrastructure within datacenters.
“At the most basic level, a watchdog is a mechanism that resets a computer if something goes wrong,” said Dr. Radoslav Danilak, founder and CEO of Tachyum.
A video demonstration of a watchdog timer working on a Prodigy FPGA emulation system is available for viewing at https://youtu.be/Vsu5G9jE0Ec.

Veritone Reports First Quarter 2024 Results

Retrieved on:

tisdag, maj 7, 2024

In prior periods, we provided “Ending Software Customers,” which represented Software Products & Services customers as of the end of each fiscal quarter with trailing twelve-month revenues in excess of $2,400 for both Veritone, Inc. and PandoLogic Ltd. and/or deemed by Veritone to be under an active contract for the applicable periods.

Key Points:

In prior periods, we provided “Ending Software Customers,” which represented Software Products & Services customers as of the end of each fiscal quarter with trailing twelve-month revenues in excess of $2,400 for both Veritone, Inc. and PandoLogic Ltd. and/or deemed by Veritone to be under an active contract for the applicable periods.
Financial Results for Three Months Ended March 31, 2024
Delivered first quarter revenue of $31.6 million, an increase of $1.3 million or 4.3% from $30.3 million in the first quarter of 2023.
Veritone will hold a conference call to deliver management’s prepared remarks on Tuesday, May 7, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its first quarter 2024 results, provide an update on the business and conduct a question-and-answer session.
To participate, please join the audio webcast or dial-in and ask to be connected to the Veritone earnings conference call.