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Fueled by Seed Round and Partner Adoption, Synergist Technology Delivers Always-On AI Governance and Compliance

Synergist

Synergist Technology, a leader in Artificial Intelligence (AI) governance and compliance, is poised for expansive growth following the company’s debut in 2023. Upon closing its $5 million seed funding round last month, the company has significantly grown its client base, working with partners like Microsoft to ensure AI solutions meet industry compliance and global governance standards. Synergist Technology's AFFIRM software-as-a-service (SaaS) offering enables users to implement a holistic AI governance framework that encompasses model documents, proactive monitoring of AI policies and assets to detect compliance and model risks, and governance, risk and compliance (GRC) reporting, empowering users to navigate the complexities of the AI governance landscape. “With the global AI market projected to reach $1.81 billion by 2030, it’s imperative to have transparency and compliance integrated into the integrations we’re seeing across industries,” said Elycia Morris, Chief Executive Officer Synergist Technology. “That’s what we’re looking to do at Synergist. We’re encouraged to see our partners prioritize responsible AI and are thrilled to work alongside them in forums such as Microsoft’s Government AI Summit.” With a unique system that tests against published standards and any AI assets, AFFIRM leverages human expertise to manage risks and build trust in client’s AI systems. This safeguard ensures that AI produces fair and unbiased outputs, enhances companies’ reliability and trustworthiness, and ensures alignment with current and future government policies. AFFIRM monitors the performance of AI integration executed by businesses, governments, and consultancies and assists in understanding risks by providing real-time risk assessment dashboards. “I absolutely recognize the growing need for AI compliance, and I believe Synergist Technology is a trusted partner who has shared our vision of understanding the present challenges of both mitigating risk and data compromise in today’s climate of national and global security,” said Vishal Amin, General Manager of Security Solutions, Microsoft. “Their commitment to developing responsible AI compliance tools is both clear and concise. We are beyond excited about the current and ongoing collaboration between both our teams as they empower every organization, agency and governmental entity to achieve more.” “AI uptake is moving at warp speed, and knowing that the information is trustworthy is a real concern for regulators and the public alike,” said Executive Chairman Brad Levine. “Synergist Technology has built a total compliance solution that helps business leaders ensure that their AI systems are used safely and competently. With AFFIRM, we have created a solution that places trust and peace of mind at our clients' fingertips; we help them stay ahead of the compliance curve in an ever-changing AI environment.” With the growing complexity and widespread deployment of AI systems, Synergist Technology’s platform is tailor-made to provide fairness and transparency in AI. This starts by building trust with regulators, the public, and its clients' customers and user bases. About Synergist Technology Synergist stands at the forefront of AI governance & compliance. Our AFFIRM platform helps audit and consulting firms manage AI governance for businesses, government agencies, and AI vendors. We enable organizations to proactively monitor AI policies and assets, detecting compliance and model risks before they escalate. Our commitment to innovation and excellence empowers our clients with complete visibility and control over their AI systems, fostering responsible AI deployment and minimizing compliance and liability risks. To learn more, visit https://synergist.technology/ Contact Details Julia Worthington synergist@kitehillpr.com

June 20, 2024 09:19 AM Eastern Daylight Time

Classiq Collaborates with BMW Group and NVIDIA to Drive Quantum Computing Applicability in Electrical Systems Engineering

Classiq Technologies

Classiq today announced a collaboration with NVIDIA and the BMW Group to optimize mechatronic systems, marking a significant advance in the sophistication of quantum computing implementation in the automotive sector. The initiative is focused on solving a complex computational challenge to find the optimal architecture of electrical and mechanical systems. This problem involves defining the optimal combination of components, from electrical engines and batteries to coolers, and how these should be connected. The goal of this project is to enhance efficiency and reduce energy waste, which can result – among other things – in the increased efficiency of electric vehicles. Classiq’s sophisticated approach demonstrated how cutting-edge quantum algorithms may be used to address the problem, including the Quantum Approximate Optimization Algorithm (QAOA) and the Harrow-Hassidim-Lloyd (HHL) algorithm. The latter of these approaches leverages amplitude and digital encoding to efficiently solve and convert complex linear equations, utilizing a novel Quantum Analog to Digital Conversion (QADC) process. The project resulted in the BMW Group’s quantum experts creating a highly sophisticated quantum program, with many quantum sub-routines, among the most complex quantum programs implemented to date. The implementation was enabled by the advanced modeling and compilation capabilities of the Classiq platform. The large and complex quantum circuit implementation was simulated using NVIDIA GPUs and the powerful NVIDIA CUDA-Q platform. “Our collaboration with Classiq and NVIDIA has enabled an innovative quantum implementation that pushes the boundaries of what is possible in the application to automotive technologies,” said Lukas Mueller, Lead Future Compute at BMW Group IT. “NVIDIA’s quantum stack has been instrumental in simulating this complex algorithm, facilitating its detailed testing and refinement.” “This project exemplifies the power of collaboration in the quantum computing sphere. By bringing together the best of quantum hardware, software and automotive domain expertise, we have achieved groundbreaking advancements in a remarkably short time,” said Nir Minerbi, CEO of Classiq Technologies. “Quantum computing, which has the potential to transform society, will require accelerated computing with extreme performance for users to take full advantage of its value,” said Tim Costa, director of HPC and quantum computing at NVIDIA. “NVIDIA’s collaboration with innovators such as the BMW Group and Classiq is pushing the boundaries of quantum simulation and helping to usher in an era of useful quantum computing.” Quantum computing is still a nascent technology, and further effort is required to bring the developed solution to industrial applicability. Classiq and its collaborators continue to develop the interface between automotive technology and quantum computing by expanding the boundaries of quantum design, implementation, and computation. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and https://www.classiq.io to learn more. Contact Details Rainier Communications Michelle McMahon mmcmahon@rainierco.com Company Website http://www.classiq.io/

June 20, 2024 08:00 AM Eastern Daylight Time

Saison Technology Invests in DNX Ventures Fund IV U.S. Fund - Strengthening Technological Capabilities and Human Resource Development through AI, SaaS, and Other Startup Collaborations

Saison Technology International

Saison Technology, a global leader in data management and integration, announced investing $10 million in DNX Ventures Fund IV US. Founded in 2011, DNX Ventures (DNX) is a venture capital firm investing in B2B startups from seed to late stage, primarily in North America and Japan. It has over 190 portfolio companies with 23 exits and over $630 million under management. Saison Technology has been expanding its data management and integration business since its 2023 launch of HULFT Square, the company’s cloud-based iPaaS solution that is gaining significant adoption in Japan, Europe, and the United States. Through this investment in DNX, Saison Technology will collaborate with DNX’s portfolio of AI, SaaS, and other startups in North America and Europe, providing transformational products, services and support to them and collaborative solutions for their clients. “We are very pleased to have Saison Technology as a limited partner in Fund IV,” said Mitch Kitamura, Managing Partner/COO at DNX Ventures. “Beyond providing venture capital, we aid our portfolio companies with value-added resources through collaboration with our limited partners. Saison Technology is a market leader with many decades of experience helping companies of all sizes with digital initiatives. Through its commitment to Fund IV, Saison Technology will help guide our portfolio companies in expanding their businesses.” “As companies continue to purchase and implement cutting-edge cloud and AI technologies, having a proven platform to integrate them with existing enterprise applications and legacy data systems is essential,” said Makoto Hayama, President and CEO of Saison Technology Co. LTD. “Our company is one of the only providers that offers data management and integration solutions in the cloud, on-premise and as a managed service. We will provide these options to the DNX portfolio and their customers so that they have ultimate flexibility as they navigate more complex IT architectures.” About DNX Ventures DNX Ventures is a venture capital firm based in Silicon Valley and Tokyo that has been investing in B2B startups since 2011, primarily in the US and Japan. To date, in addition to the four main funds, we have managed a total of 11 funds including Annex and Seed, with a total of approximately $630 million USD (¥99 billion JPY), invested in 190 startup companies mainly in the US and Japan, and led 23 companies to exit. Among B2B startups, our main investment areas are AI, Enterprise SaaS, Deeptech, Climate Tech, Retail Tech, and Fintech, all of which we invest in at the early stage. Additionally, DNX Silicon Valley Team actively supports large corporations’ Open Innovation activities by leveraging Silicon Valley’s ecosystem. Running over 70 programs annually to foster talent development to support Open Innovation and has helped create collaborations between over 200 companies and overseas startups. By leveraging this experience, network, and knowledge, we aim to further collaborate between Japanese corporations and overseas startups and create new businesses. For more information, visit https://www.dnx.vc/jpfund-en/top. About Saison Technology Saison Technology (TYO: 9640) has helped more than 10,000 global enterprises move critical information, streamline data flows, and automate processes to instantly put knowledge where it is needed. Knowledge empowers people, inspires strategy, and transforms businesses and markets. In the right hands, in the right place, it is much more than a set of facts. Knowledge is a force that can inspire innovation, drive profits, and affect positive change. For more information, please visit https://saison-technology-intl.com. Contact Details Saison Technology International Kurt Foeller +1 415-588-6390 kfoeller@saison-technology-intl.com Company Website https://hulftinc.com

June 19, 2024 07:27 AM Pacific Daylight Time

Unveiling the Food, Beverage & Restaurant Trends Set to Revolutionize Dining Experiences in 2024

YourUpdateTV

Whether you're indulging in a quick bite on the go or savoring an elegant, fine dining experience, discover how restaurants are integrating fresh flavors, cutting-edge technology, and eco-friendly solutions to transform your dining experience. A nationwide media tour was conducted live from the National Restaurant Association Restaurant, Hotel-Motel Show®, featured industry experts Christine Johnson and Caitlin Rodgers, who provided an exclusive, behind-the-scenes look at the latest food trends and culinary innovations that are setting the stage for the future of dining. A video accompanying this announcement is available at: https://youtu.be/4mSjocVU8Rg Topics that were discussed with stations across the country live from McCormick Place in Chicago at the National Restaurant Association Show included: • The latest restaurant industry trends, news, and insights from the Show floor. • The dynamic mix of flavors that are igniting creativity and innovation in food and beverage menus across the nation. • How technology is elevating the dining experience — from enhancing customer loyalty to automating pick-up and drive-through ordering • Advancements in sustainability and zero-waste initiatives. The National Restaurant Association Restaurant Show stands as the epicenter of foodservice innovation and inspiration, the most pivotal, must-attend event for professionals from every corner of the industry. This year, the Show attracted more than 58,000 foodservice professionals from across the United States and around the globe, representing 124 countries. The Show floor spanned over 723,400 square feet—over 12 football fields—offering attendees the opportunity to explore products and services from 2,240 exhibitors across more than 900 categories. Plans are already underway for the 2025 National Restaurant Association Show, which will take place from May 17-20 at McCormick Place in Chicago. For more information and to relive the highlights of the 2024 Show, visit www.nationalrestaurantshow.com. ### About The National Restaurant Association Show The National Restaurant Association Restaurant, Hotel-Motel Show® is the Western Hemisphere's most influential foodservice event showcasing industry innovations and trends. Each year (starting in 1919), the Show brings together restaurant operators and foodservice professionals for four days of celebrity-led demos, exhibits, sampling, education and networking. The Show unites a global community and enables exploration of the latest advancements in food, beverage, equipment, technology and solutions driving the industry forward. The Show is owned and operated by Informa in partnership with the National Restaurant Association. Visit www.nationalrestaurantshow.com for more information. About Informa Informa is a leading international B2B markets, live and on-demand events and digital services group. They connect businesses and professionals in 30+ industries with the knowledge they need to learn more, know more and do more. Informa has hundreds of global brands, products and services and employs 11,000 employees in ~30 countries worldwide. Informa Connect is a content-led, live and on-demand experiences business which connects professionals with knowledge, ideas and opportunities. Informa Connect, a community of over 1,000 colleagues globally, offers connection through events, media and research. They service a number of different industries including Foodservice, Finance, Bio Tech and Pharma, Pop Culture, Marketing, Law, Energy, HR, Sustainability, Construction. Visit Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 18, 2024 03:19 PM Eastern Daylight Time

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AI evaluation start-up Maxim AI raises $3M from Elevation Capital to help enterprises test and rapidly ship AI products

Maxim AI

Maxim AI, an enterprise-grade evaluation and observability platform for AI applications, announced a $3M funding round led by Elevation Capital. The round also saw participation from marquee angel investors including founders of Postman, Chargebee, Groww, Razorpay, Media.net, among others. With the infusion of capital, Maxim announced the General Availability (GA) launch of their platform, marking a significant milestone in their journey. With the recent explosion of large language models, the race to build & deploy AI applications has intensified. Traditionally, software was built in a deterministic paradigm with standardised best practices for predictably testing performance and systematically improving products, tightly integrated into the development lifecycle. Generative AI products, however, are getting built in a non-deterministic paradigm with unpredictable variability in quality and performance depending on factors including models, parameters, data or context, or simply the framing of the question. Moreover, challenges around hallucinations, inaccuracies, safety, and output structure lead to compromised user experiences and reputational risks for organisations. Organisations are resorting to non-scalable techniques, high-paid manual effort, and tediously slow iteration cycles as they test and ship their AI into production. Founded in 2023 by Google-Postman duo Vaibhavi Gangwar and Akshay Deo who collectively bring over a decade of experience in building AI and developer-focused tools, Maxim aims to bring the best practices of traditional software development to streamline AI development workflows. Maxim’s infrastructure, which sits between the foundational model and application layers of the AI stack, is deeply focused on AI developers who comprise the traditional AI/ML engineers as well as the emerging class of backend engineers now leading AI development across organizations. The Maxim stack provides end-to-end AI evaluation across the development lifecycle: right from prompt engineering, pre-release and post-release testing for quality and functionality, to data management and fine-tuning. While the automated evaluation platform by itself helps teams ship products >5x faster, the platform also offers the critical last-mile for evaluation including support for human evaluation as well as custom datasets and models. “ Even though we are seeing tremendous value creation in the AI hardware and foundational model stack, for the benefits to be realized meaningfully up the value chain, we need the products built on top of the generative AI stack to be trustworthy and reliable. This makes evaluation a very critical piece of AI infrastructure. However, today there is no standardization in the generative AI testing space unlike traditional software development. That’s where Maxim comes in: with our users, we have become this very core piece of infrastructure that is powering high quality AI development, streamlining team collaboration, and saving development teams hundreds of hours per month, ” said Vaibhavi Gangwar and Akshay Deo said in a joint statement. Talking about the investment Akarsh Shrivastava, Principal, Elevation Capital said, “ Maxim AI is addressing a crucial need in the evolving AI landscape. Their focus on creating a standardized, scalable evaluation infrastructure addresses a deep pain point for AI developers. As the complexity and diversity of AI use cases continue to rise, Maxim's platform will play a critical role in ensuring trustworthy and reliable AI systems. We are super excited to partner with Vaibhavi and Akshay as they build Maxim into a critical piece of this AI catalyzed paradigm shift we are going to see. ” So far, in private beta, the company has attracted multiple global customers who are at the forefront of the AI revolution. Looking ahead, Maxim is committed to expanding its platform capabilities including proprietary domain-specific evaluations for quality and security as well as its data engine to accelerate reliable and scalable deployment of AI products. The company plans to use the funds to expand its world-class team and scale its operations to partner with more leading enterprises building AI products. About Maxim AI Founded by Vaibhavi Gangwar and Akshay Deo, professionals with over a decade in AI and developer tools at top technology firms (including Google, Postman, and Slack), Maxim AI is the generative AI evaluation and observability platform for modern AI teams. It streamlines the entire AI development lifecycle from design to production, enabling faster, reliable, and high quality deployment of AI across organizations. About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2.6 Bn of capital in 190+ companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. Contact Details Maxim AI Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.getmaxim.ai/

June 18, 2024 09:00 AM Eastern Daylight Time

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Prosperr.io Secures Funding to Launch AI Tax Management Solution for US Individuals

Prosperr.io

Prosperr.io, A leading Fintech Platform, solving tax for individuals, has secured a $1.55 Million pre-seed funding round. The round was led by Gokul Rajaram, a Board member at Pinterest and Coinbase, and prominent investor, known for backing exceptional companies like Faire, Figma, and Airtable. The round also saw participation from notable angel investors including Vinodh Bhat (Co-founder JioSaavn), Ramakant Sharma (Founder Livspace), Kunal Shah(QED Ventures), Saurabh Jain (CEO, Livspace), among several others. Founded in March 2022, Prosperr.io offers a subscription-based product designed to manage income tax comprehensively for individuals, ensuring maximum eligible tax savings and compliance. By using deep-tech products powered by AI, the company aims to create a digitally intelligent solution, benefiting millions worldwide. The capital raised will be used primarily to launch the product in the US market. "With the growing population of high tax-payers and the ever-changing complexity of income tax regulations, there's a need for user-friendly, technology-driven solutions. Our mission is to address this challenge by developing AI-powered solutions that redefine tax management and help our customers save money while achieving their financial goals. We've already seen significant traction in India market with employees of 1,500 companies using Prosperr.io.” Manas Gond, CEO & Co-founder, of Prosperr.io. They have launched the “Super Saver” product for the India market. It's an AI powered tax management product. The “Super Saver” product tracks subscribers’ income and spending in order to provide a continually-updated snapshot of what they owe in tax, and to recommend strategies for reducing the liability while remaining compliant. An AI-driven engine sitting behind, scans tax codes and curates personalized recommendations for each user according to the reliefs their financial affairs may qualify them for. They are planning to launch the Super saver for people in the US market by 2024. They are raising more funds to evolve their AI solution to work across geography & laws. The Super Saver product has gained very good traction with 7,000 taxpayers signed up so far. Prosperr’s founders expect to secure annual recurring revenues of $1 million within the next month or so. On the funding, Gokul Rajaram, Investor, Board Member - Coinbase, Pinterest and The Trade Desk states, "I'm excited to support the Prosperr team on their mission to build the best tax optimisation platform for consumers not just for India but for the world. The world of taxes is complicated and confusing, and Prosperr's AI platform helps individuals and employees stay compliant while maximizing tax savings." International expansion is an important part of the strategy for achieving that goal, with Prosperr now planning a launch into the US market, another country where income tax compliance is different. They are developing a smart AI-Engine to work on any tax-codes and jurisdictions, which supports their vision to go global in the coming future. On the funding, Dev Kumar, CPTO & Co-Founder of Prosperr.io says, “ We are building a constitutional AI agent to solve tax globally. Our product philosophy has always been to build products personalized for the users. We understand user’s financial data in depth to generate capability to develop AI-solutions to simplify personal-finance in future for the users across the globe. Our next step is launching in the US market to amplify.” About Prosperr.io Prosperr.io, a new-generation fintech company, is an AI-driven platform that simplifies tax management for individuals. It was founded in March 2022 by Manas Gond & Dev Kumar with a vision to streamline personal finance and help customers achieve their financial goals. The company offers two core products: the Super Saver Product, which helps individuals plan & save their taxes efficiently, and the FBP Benefit Product, which enables employers to provide non-taxable allowances. This helps people increase their take-home salary through their easy-to-use FBP product for claiming non-taxable allowances. Prosperr.io is committed to making tax simple for people through innovative AI solutions. Contact Details Prosperr.io Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.prosperr.io/

June 18, 2024 09:00 AM Eastern Daylight Time

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Bing Ventures Supports TON Ecosystem

Bing Ventures Limited

Bing Ventures, a pioneering venture capital firm backing early-stage projects and outstanding fund managers in Web3 and crypto, has announced comprehensive support for The Open Network (TON) ecosystem across its capabilities and network, including investment, resource sharing, project advisories, and more. TON is a Layer 1 network originally designed by Telegram and continued by the open-source community. With its integration with Telegram, one of the world’s leading messengers, TON offers speed, scalability, unique features, and versatility for a wide range of applications. Bruce Lan, General Partner of Bing Ventures, said that the team believed that TON would lead the charge in achieving mass adoption for Web3. As part of the initiative, Bing Ventures will invest in innovative teams and projects that leverage TON’s unique advantages to unite the Web2 and Web3 worlds and provide fundraising assistance, including referrals to potential investors, to projects coming out of TON’s acceleration programs. Leveraging its strong research and data analytics capabilities, the firm will also contribute to TON accelerators in terms of research-based mentorships, training, and project advisories. Additionally, embodying Bing’s vision of fostering disruption and innovation for greater adoption, Bing Ventures will also curate meaningful and educational events worldwide to inform, inspire, and support founders and entrepreneurs in TON ecosystem and the broader crypto world. The initiative will also include BingX, one of the leading centralized crypto exchanges, supporting TON ecosystem projects through token listing, liquidity provision, custom integration, and awareness campaigns to enhance their accessibility. Bing Ventures is the latest firm that joins a list of institutional investors and organizations, including Animoca Brands and Pantera Capital, to voice support for the blockchain. As of the press release, TON’s Total Value Locked surpassed $500 million, representing a growth rate of over 2,000% from the $22.9 million recorded in March 2024. About Bing Ventures: Bing Ventures is a pioneering venture capital and research firm affiliated with crypto exchange BingX. Founded in 2021, it aims to support transformative blockchain and crypto ventures and outstanding fund managers driving the next wave of innovations. With a sector-agnostic, value-investing approach, it has a portfolio of more than 50 companies spanning infrastructure, DeFi, GameFi, Web3, and more, including, among others, Avail, Berachain, Manta Network, Pixelmon, Unisat, and Solv Protocol. Bing Ventures is also a Limited Partner (LP) of several leading crypto funds, including those managed by Hack VC, Bankless Ventures, Maven 11 Capital, IOSG Ventures, and Figment Capital. For more information, visit Bing Ventures' Official Website | LinkedIn | Twitter. Contact Details Bing Ventures Jenny Liu +86 159 2140 1005 jenny@bing-ventures.com Company Website https://www.bing-ventures.com/

June 18, 2024 09:00 AM Eastern Daylight Time

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Retail Trading Is Booming But Which Platform Is The Best For Investors?

Moomoo

By Faith Ashmore, Benzinga The world of retail options trading is drastically different than a decade ago. Digital technologies and online trading platforms have enabled the democratization of trading and ushered in a new era of modern traders. Now virtually anyone can enter the industry with varying degrees of knowledge and potentially be successful. Long gone are the days when interested parties had to be connected with a broker to help them reap the potential rewards of the stock market and options trading. Interest In Online Trading Soared During The Pandemic The advent of digital technology has largely driven the modernization of the stock market and options trading because potential investors are no longer reliant on brokers or hedge funds to access the market and gain education. As technology evolved, financial companies entered the scene to provide access to retail traders interested in day trading as well as options trading. What no one could predict, however, was the effect that the global pandemic would have on retail trading. During the pandemic, interest in the stock market soared, and meme stocks like GameStop (NYSE: GME), AMC (NYSE: AMC), and Bed Bath & Beyond (OTC: BBBYG) garnered global attention. The 2021 GameStop short squeeze was a monumental event in trading where online forums like Reddit’s WallStreetBets conversations helped drive up the stock price of Gamestop, causing influential hedge funds to report major losses. The GameStop short squeeze brought attention to the democratization of investing and the potential power that retail investors had in the markets. Between Jan. 25 and Feb. 1 2024, retail traders set a new trading volume record, amassing 23% of total trading volume according to Forbes. While online trading platforms have gained popularity and allowed new traders to access the stock market, they have also been criticized for fees that add up. Companies like moomoo have recently gained attention as an alternative to platforms like Robinhood due to its low costs, among other things. What Makes Moomoo Different? Moomoo is an all-in-one trading platform and financial information app provided by moomoo Technologies Inc. In 2018, the company expanded its audience to the U.S. customers with a platform that offers commission-free online investing services, aiming to provide an intuitive and powerful investing experience for investors at any level, at a low cost. Moomoo stands out in the market by providing users with access to a wide range of tools and resources such as real-time market data, including Level 2 data*, educational materials, and a robust, inclusive community forum to share trading ideas. All at no or low costs. By offering features like commission-free trades**, and access to market news from premium sources, the company has set itself apart from competitors in additional ways. Moomoo offers 16-hour trading days and is well known for its $0 commissions on U.S. stocks, ETFs, and options**. The company also boasts free real-time Level 2 data* and $0 account minimums and trade minimums. Recently, moomoo has been highlighting its options features and tools to investors. Along with offering options trading through competitive rates, such as zero options trading commission fees*, their pricing includes reduced contract fees for index options and zero contract fees on equity options. The company says this makes them unique in a crowded field, helping them to be in position to become the market’s budget-friendly premium options platform of choice. So, what else makes moomoo stand out from their options trading competition? It’s also their variety of free options analysis tools on the app. Take a look at some features from their comprehensive options toolkit for traders – all without any additional fees or charges. Real-time Level 2 data for funded accounts with up to 60 level bids/asks price levels Unusual options activity 0 Days to Expiration (0DTE) options by volume Customizable options chain Options calculator Implied volatility analysis 13 pre-built options strategies*, including customization opportunities Seamless trading across the app and the desktop Moomoo also offers promotions for new and current users. They change throughout the year, but at the time of writing, promotions included 8.1% APY(1) on idle cash for a limited time and up to 15 free stocks with a qualified deposit, until July 31, 2024. Learn more about moomoo’s promotions here for new users and current users. Retail Trading Is Here To Stay Last year marked a stock market rally with 40% of retail investors responding to a moomoo survey reporting profits – an increase from just 15% in 2022. The options market had a strong year too with record-setting volume numbers. Cboe Global Markets, one of moomoo’s partners, saw total volume across its four options exchanges hit 3.7 billion contracts – its fourth straight record-breaking year. Despite market challenges, there is an overall optimistic view of 2024’s potential. A recent moomoo user study, demonstrated the belief in the potential for the bullish trend to continue into 2024, leading many to increase their trading activity and invest more in their accounts. "More users seem to be buying into the 'soft landing' economic scenario in the U.S. This has led to a more positive outlook on markets on average and increased stock trading," said Justin Zacks, Vice President of Strategy at moomoo. Retail trading isn’t going anywhere, anytime soon and platforms like moomoo are only driving the industry forward. Featured photo by Aidan Hancock on Unsplash Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. We believe investing is a transformative and long-term journey. That's why moomoo empowers investors with the tools and data they need to help unlock their financial potential today and in the future. Whether you're a beginner or a pro, moomoo is here to power your investment journey. With access to a wide range of both user-friendly and advanced features, including real-time market data, technical analysis tools, and in-depth order book data moomoo users can potentially enhance their trading strategies to pursue their goals. Our mission is built on three core values: transparency, innovation, and community. By using these values to guide us, we deliver a comprehensive investment experience for individuals across all trading levels. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. *Level 2 data is complimentary for 30 days for users with new approved Moomoo Finanical Inc. brokerage accounts. Thereafter, users who don't maintain a minimum account value of $100 will only have access to level 1 data. Other conditions apply, to learn more, visit https://www.moomoo.com/us/support/topic3_435 ** $0 commission trading is available only to U.S. Residents trading in the U.S. markets through Moomoo Financial Inc. Other fees may apply, for more information, visit moomoo.com/us/pricing Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. It is important that investors read Characteristics and Risks of Standardized Options ( https://j.us.moomoo.com/00xBBz ) before engaging in any options trading strategies. Margin trading entails greater risk, including risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. The Margin Rate is subject to change without notice. See https://www.moomoo.com/us for the most current rates. Investing involves risks. There is no guarantee or assurance that the use of any tools or data provided on the moomoo app will result in investment success or reduce investment risk. Past performance is no guarantee of future results. Benzinga was commissioned for this article and is not affiliated with the moomoo app or it's affiliated companies. This includes Moomoo Technologies Inc. (MTI) provider of the app and Moomoo Financial Inc. (MFI) Member FINRA/SIPC, which offers securities in the U.S. Any comments or opinions provided herein are Benzingaâs. MTI, MFI, or their affiliates do not endorse any trading strategies that may be discussed or promoted herein. Day trading generally isn't appropriate for someone of limited resources, limited investment or trading experience and low risk tolerance. A day trader should be prepared to lose all of the funds used for day trading. Before considering day trading, read and understand the Day-Trading Risk Disclosure Statement. ( https://www.finra.org/rules-guidance/rulebooks/finra-rules/2270 ) Meme stocks tend to have high volatility and can experience significant fluctuations in short periods or time and the potential for limitations in liquidity. A meme stock is a stock that gains popularity among retail investors through social media. Investing in these stocks involves risks, including the potential of losing the entire investment quickly. Contact Details Klim Yeeloy kyeeloy@us.moomoo.com Company Website http://www.moomoo.com

June 18, 2024 08:35 AM Eastern Daylight Time

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ARway.ai announces integration with Apple’s New AI For Vision Pro Customer Enhanced AR Navigation

ARway.ai

ARway.ai Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce the exciting integration of Apple's new Enterprise APIs with ARway's augmented reality solutions. This strategic move leverages the advanced hardware and sensor capabilities of the Apple Vision Pro, significantly boosting ARway's platform capabilities. The company anticipates that this integration will lead to a substantial increase in enterprise deployments, expanding their reach and impact across various sectors. Khan shared with Proactive that the integration with Apple's Enterprise APIs enables ARway.ai to fully harness the advanced sensors and hardware of the Apple Vision Pro. This enhancement introduces hands-free AR experiences, making the platform more versatile and user-friendly. The Vision Pro's superior sensor access and platform control allow ARway.ai to deliver more accurate tracking and positioning, which are crucial for a wide range of applications. This technological advancement enables ARway.ai to improve services such as indoor navigation, training, onboarding, advertising, and more. The integration's benefits span multiple industries, including retail, hospitality, construction, manufacturing, field services, transportation, corporate campuses, events, and tradeshows. For instance, in the retail sector, the enhanced AR capabilities can revolutionize the customer shopping experience by providing interactive product information and personalized navigation within stores. In hospitality, it can offer immersive guest experiences and streamlined operational efficiencies. Events and tradeshows stand to gain significantly from these advancements, as ARway.ai can provide engaging and interactive experiences for attendees, exhibitors, and organizers. The ability to offer detailed information, immersive demonstrations, and seamless navigation will enhance the overall event experience. Moreover, ARway.ai's platform, enhanced by the Apple Vision Pro, can support sophisticated advertising campaigns, delivering targeted and interactive advertisements that capture the audience's attention more effectively. The hands-free AR experiences also reduce the need for manual interaction, making the technology accessible and convenient for users across different environments. Through this integration with Apple's Enterprise APIs, ARway.ai is poised to set a new standard in the AR industry, driving innovation and delivering exceptional value to its clients. The company's commitment to leveraging cutting-edge technology underscores its mission to transform and enhance the way businesses and consumers interact with the world through augmented reality. As ARway.ai continues to evolve and expand its capabilities, the future looks promising for its role in shaping the AR landscape. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

June 17, 2024 01:01 PM Eastern Daylight Time

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