OS

HP Unveils Industry’s Largest Portfolio of AI PCs

Retrieved on: 
Thursday, March 7, 2024

LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today announced the industry’s largest portfolio of AI PCs1 leveraging the power of AI to enhance productivity, creativity, and user experiences in hybrid work settings.

Key Points: 
  • HP introduces the industry’s largest portfolio of AI PCs1, featuring new HP Elite PCs, the world’s most advanced business laptops for collaboration,2 and Z by HP mobile workstations to unlock new levels of productivity and creativity.
  • HP announces the AI Creation Center, the world’s most comprehensive workstation solution for AI development3, including Z by HP AI Studio co-engineered with NVIDIA NGC libraries, enabling AI creation.
  • HP now has the largest portfolio of Intel® and AMD-based AI PCs14, demonstrating a commitment to innovation and performance.
  • Accelerate data science capabilities with the HP AI Creation Center, including Z by HP AI Studio
    HP is accelerating the AI era with customized data science solutions.

AB Science provides a summary of the live webcast held on March 4, 2024 giving an update on AB Science development

Retrieved on: 
Thursday, March 7, 2024

SUMMARY OF THE WEBCAST HELD ON MARCH 4, 2024 PROVIDING AN UPDATE ON AB SCIENCE DEVELOPMENT

Key Points: 
  • SUMMARY OF THE WEBCAST HELD ON MARCH 4, 2024 PROVIDING AN UPDATE ON AB SCIENCE DEVELOPMENT
    AB Science SA (Euronext - FR0010557264 - AB) is providing a summary of the live webcast held on March 4, 2024, giving an update on AB Science development.
  • Regarding Health Canada, a Notice of Deficiency-Withdrawal (NOD/w) has been issued and AB Science intends to submit a Request for Reconsideration.
  • Based on the supporting arguments and counterarguments outlined above, AB Science intends to submit a Request for Reconsideration.
  • AB Science will be free to continue the development of masitinib in SCD based on phase 2 data with biomarkers.

Zymeworks Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

Financial Results for the Year Ended December 31, 2023

Key Points: 
  • Financial Results for the Year Ended December 31, 2023
    Revenue was $76.0 million in 2023 compared to $412.5 million in 2022.
  • Higher interest income in 2023 was due to income earned on higher cash resources and at higher rates of return in 2023.
  • “We are happy to report a continued reduction of our operating cash burn and operating losses during 2023 compared to 2022,” said Chris Astle, Ph.D., Senior Vice President and Chief Financial Officer of Zymeworks.
  • Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data.

CREDIT UNIONS GET A BOOST TO AI ADOPTION WITH AI-AUTOMATED UNDERWRITING TEST DRIVE

Retrieved on: 
Monday, March 4, 2024

Experiencing the benefits firsthand, in a seamless way through their arc OS platform will give credit unions faster, clearer visibility to how they can benefit from AI adoption.

Key Points: 
  • Experiencing the benefits firsthand, in a seamless way through their arc OS platform will give credit unions faster, clearer visibility to how they can benefit from AI adoption.
  • This 90-day AI test drive builds on the momentum of Zest Auto, the AI-automated underwriting model for credit union automotive lenders, available exclusively through Origence, an investor in Zest AI.
  • “We’re very excited to expand on our success with the Origence team,” said Mike de Vere, CEO at Zest AI.
  • Origence and Zest AI launched an official partnership in July 2022 , offering Zest AI’s automated underwriting technology to credit unions using Origence arc OS.

SoftBank Corp., NEC and Broadcom Jointly Validate RAN Modernization with Virtualization by Unifying O-RAN Architecture and Telco Cloud

Retrieved on: 
Thursday, February 29, 2024

The companies confirmed the feasibility of RAN modernization by converging O-RAN architecture (1) and Telco Cloud (2).

Key Points: 
  • The companies confirmed the feasibility of RAN modernization by converging O-RAN architecture (1) and Telco Cloud (2).
  • In this joint verification, a virtualized RAN (“vRAN”) system consisted of a general-purpose common infrastructure defined by SoftBank, vRAN applications using O-RAN architecture by NEC, and a vRAN platform optimized for VMware’s Telco Cloud platform.
  • We believe that the innovative RAN modernization with virtualization, O-RAN, and Telco Cloud that we have verified will be the core technology for efficient RAN operations in the future.
  • PaaS(“VMware Telco Cloud Automation”)and its integrated orchestration capabilities enable operators to quickly deploy rapidly evolving CNF (“cloud-native function”) requirements for NEC's RAN deployments."

G1 Therapeutics Provides Fourth Quarter and Full Year 2023 Financial Results and Operational Highlights

Retrieved on: 
Wednesday, February 28, 2024

G1 recognized total revenues of $14.9 million and $82.5 million for the fourth quarter and full year of 2023, respectively.

Key Points: 
  • G1 recognized total revenues of $14.9 million and $82.5 million for the fourth quarter and full year of 2023, respectively.
  • Operating expenses for the fourth quarter of 2023 were $23.8 million, compared to $41.1 million for the fourth quarter of 2022.
  • Research and development (R&D) expenses for the fourth quarter of 2023 were $7.4 million, compared to $16.6 million for the fourth quarter of 2022.
  • The net loss for the fourth quarter of 2023 was $10.9 million, compared to $33.6 million for the fourth quarter of 2022.

ECARX Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, February 28, 2024

SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.

Key Points: 
  • SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.
  • “ECARX closed out 2023 on a high note, delivering a 31% year-over-year increase in revenues and significantly narrowing our net loss for the full year,” said ECARX Chairman and CEO Ziyu Shen.
  • Total cash of RMB588.2 million (US$82.8 million), including RMB27.1 million (US$3.8 million) in restricted cash, as of December 31, 2023.
  • Full Year 2023 Financial Results:
    On June 30, 2023, ECARX signed transaction agreements to increase its investment and took a controlling financial interest in JICA Intelligent Robotics Co., Ltd. (“JICA”), an entity under common control.

AB Science announces that Health Canada has issued a Notice of Non-Compliance-Withdrawal (NON/w) for masitinib in ALS

Retrieved on: 
Monday, February 26, 2024

Health Canada stated that a Request for Reconsideration can be filed within 30 days of receiving the NON/w.

Key Points: 
  • Health Canada stated that a Request for Reconsideration can be filed within 30 days of receiving the NON/w.
  • The reconsideration process will re-examine, with new assessors, the decision based on information that was included in the original submission.
  • AB Science provided a methodologically justified new claim “patients with ALS prior to any loss of function”, where CAFS and Overall Survival (OS) are significantly improved.
  • Based on the supporting arguments and counterarguments outlined above, AB Science intends to submit a Request for Reconsideration.

Medela Launches Innovative Smart Watch App for New Parents

Retrieved on: 
Thursday, February 22, 2024

Switzerland, Baar, February 22, 2024, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Medela, the brand trusted by millions of moms*, announced today the global launch of its first-ever Medela Family smart watch app, designed for seamless tracking for Medela breast pumps users.

Key Points: 
  • Switzerland, Baar, February 22, 2024, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Medela, the brand trusted by millions of moms*, announced today the global launch of its first-ever Medela Family smart watch app, designed for seamless tracking for Medela breast pumps users.
  • The new smart watch app caters to the needs of new parents, offering quick, convenient tracking while on the move.
  • “Medela is committed to supporting mothers and families through innovative solutions, nurturing health for generations,” emphasizes Annette Brüls, CEO of Medela.
  • This app is more than a convenience; it’s a way to stay intimately connected with your baby’s needs, even during the busiest of days.”
    Compatible with both WatchOS® and Wear OS, the Medela Family smart watch app synchronizes automatically with the main smartphone app.

Acronis Sets the New Standard in Cybersecurity and Data Protection with the Release of Acronis Cyber Protect 16

Retrieved on: 
Wednesday, February 21, 2024

SCHAFFHAUSEN, Switzerland, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Acronis , a leading provider of cyber protection , is proud to introduce the latest release of its flagship product – Acronis Cyber Protect 16 .

Key Points: 
  • SCHAFFHAUSEN, Switzerland, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Acronis , a leading provider of cyber protection , is proud to introduce the latest release of its flagship product – Acronis Cyber Protect 16 .
  • Acronis Cyber Protect delivers robust protection against cyber threats and unparalleled backup and recovery capabilities.
  • As technology advances, the necessity for an integrated cybersecurity and data protection solution fit for distributed organizations has become increasingly evident.
  • “The release of Acronis Cyber Protect 16 underscores our dedication to protect all data, applications, and systems,” said Gaidar Magdanurov, President at Acronis.