All Industries

U.S. Commerce Department Imposes Heavy Preliminary Duties on All Imports of Russian Ferrosilicon

U.S. Ferrosilicon Producers

The U.S. Commerce Department (“Commerce”) today announced preliminarily antidumping duties (“AD”) of 283.27 percent and countervailing duties (“CVD”) of 748.58 percent on all imports of ferrosilicon from Russia. Commerce’s determination is in response to petitions filed by U.S. ferrosilicon producers, CC Metals and Alloys, LLC (“CC Metals”) and Ferroglobe USA, Inc. (“Ferroglobe”), requesting eight AD and CVD investigations into unfairly priced and subsidized imports of ferrosilicon from Russia, Kazakhstan, Malaysia, and Brazil. All eight investigations were initiated on April 17, 2024. The significant duties announced today on Russian ferrosilicon imports address unfair pricing of Russian imports and improper subsidies received by Russian producers and exporters. CC Metals and Ferroglobe welcomed Commerce’s announcement. “Today’s announcement confirms that Russian producers and exporters received massive government subsidies that have allowed them to flood the U.S. market with unfairly traded ferrosilicon imports. This allowed Russia to be the dominant import source, accounting for over 30% of all imports in 2023,” said Marco Levi, Chief Executive Officer of Ferroglobe PLC. “These preliminary duties begin the process of removing the market and price distortions caused by improper Russian government intervention and support.” “Commerce’s decision validates our analysis that Russian producers and exporters have not been playing by the rules of international trade that they agreed to follow,” said Chris Cobb, Plant Manager of CC Metals and Alloys, Inc. “We are grateful to Commerce staff for its hard work and commitment to enforcing U.S. trade laws and ensuring that everyone complies with their international obligations. We look forward to seeing a level playing field restored.” Once Commerce’s determination is published in the Federal Register in the coming days, all importers of Russian ferrosilicon will be required to post cash deposits or a bond to secure the significant potential duties they may owe. Commerce also is continuing its investigations of imports from Kazakhstan, Malaysia, and Brazil. In those investigations, preliminary CVD determinations will be made no later than August 12, 2024, and AD determinations will be made no later than October 24, 2024. If the determinations in those cases are also affirmative, provisional duties on imports from Kazakhstan, Malaysia, and Brazil will be collected based on the preliminary margins calculated by Commerce. About the CC Metals and Ferroglobe CC Metals traces its roots back to 1949, when it was founded as a producer of large-volume commodity ferroalloys for the steel industry in Calvert City, Kentucky. Today CC Metals is an ISO 9001 certified leading manufacturer of more than 40 different products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, high purity, 3%-9% magnesium and proprietary alloys. CC Metals ships over 100,000 metric tons of finished product annually from its manufacturing facility in Calvert City, KY via barge, rail and truck. Ferroglobe USA, Inc. is a wholly-owned U.S. subsidiary of Ferroglobe PLC, a world leading producer of silicon metal and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, Ferroglobe operates metallurgical manufacturing facilities and mining sites in Alabama, Indiana, Kentucky, Ohio, South Carolina, and West Virginia. For more information, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/. Contact Details Elizabeth Heaton +1 202-445-9858 elizabeth@eahstrategiesllc.com

June 24, 2024 05:47 PM Eastern Daylight Time

Botanical Remedies LLC Introduces Enhanced Kratom Feature for Customized Potency

Rev Up Marketers

Botanical Remedies LLC, a leading provider of premium, lab-tested kratom products, is proud to announce the launch of its innovative Enhanced Kratom Feature, designed to offer customers a tailored experience with customized potency. This new feature marks a significant advancement in the kratom industry, underscoring the company's commitment to quality, safety, and customer satisfaction. The Enhanced Kratom Feature allows customers to select kratom products with customized potency levels, catering to individual preferences and needs. This feature leverages advanced processing techniques and rigorous lab testing to ensure each product meets precise potency specifications. By offering customizable options, it empowers users to fine-tune their kratom experience for optimal wellness benefits. Botanical Remedies LLC is dedicated to providing the highest-quality kratom products. The company meticulously sources its kratom from reputable farmers and suppliers who prioritize ethical practices and sustainability. Each batch of kratom undergoes rigorous third-party testing to verify its purity, potency, and safety. This comprehensive testing process ensures that products are free from contaminants, heavy metals, and adulterants, offering customers peace of mind and a superior product. The Enhanced Kratom Feature is available across Botanical Remedies LLC’s extensive range of kratom strains, including popular varieties such as Green Maeng Da, Gold Vein, and Hippie Dip. Customers can now choose their preferred strain and customize the potency to match their specific requirements. Whether seeking relaxation, focus, or energy, users can select the precise potency that best suits their needs. Ordering from Botanical Remedies LLC, is a seamless process. Customers can browse the extensive collection of premium kratom products on the company’s website, select their preferred strain and potency, and proceed to a secure checkout. The company prioritizes the safety of customer information, ensuring a secure transaction process. The company ensures prompt and discreet delivery of orders through fast and discreet shipping. Botanical Remedies LLC prides itself on providing exceptional customer support. The knowledgeable and friendly team is available to assist with any questions or concerns, offering guidance on product selection and usage. The company is committed to ensuring customer satisfaction and building long-lasting relationships with its valued clients. Confident in the quality of its products, Botanical Remedies LLC offers a satisfaction guarantee. If customers are not entirely pleased with their purchase, the company’s customer service team will work diligently to resolve any issues and ensure complete satisfaction. Customers who choose Botanical Remedies LLC join a thriving community of kratom enthusiasts. The company engages with its community through social media and newsletters, providing updates on new products, exclusive offers, and kratom-related information. About Botanical Remedies LLC is a veteran-owned company dedicated to providing premium, lab-tested kratom products. The company combines its dedication to quality with a profound respect for ethical practices, guaranteeing the sustainable sourcing and rigorous testing of all products. With a focus on customer satisfaction, it continues to set the standard in the kratom industry. For more information about Botanical Remedies LLC and the Enhanced Kratom Feature, please visit www.botanicalremediesllc.com. Contact Details Botanical Remedies LLC Shelly Hughes +1 305-393-4847 support@bremediesllc.com Company Website http://www.botanicalremediesllc.com/

June 24, 2024 10:13 AM Eastern Daylight Time

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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/usfund/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 Kurt Foeller +1 415-588-6390 kfoeller@saison-technology-intl.com Company Website https://saison-technology-intl.com

June 24, 2024 07:10 AM Pacific Daylight Time

News Release

Gold Royalty Corp Announces Completion of Major Acquisition and Anticipates Significant Growth

Gold Royalty Corp

Gold Royalty Corp CEO David Garofalo joined Steve Darling from Proactive to share exciting news about the company's strategic developments. Gold Royalty Corp has completed its previously announced acquisition of a copper stream, operated by a subsidiary of Adriatic Metals plc and located in Bosnia and Herzegovina. The Vares Stream pertains to 100% of the copper production from the mining area over the Rupice deposit. This stream includes ongoing payments equal to 30% of the London Metal Exchange (LME) spot copper price, with the effective payable copper fixed at 24.5%. Garofalo provided further details, stating that Adriatic has offered production guidance of 240-300 kilotons (kt) of ore to be mined from Vares in 2024, with copper grades ranging from 0.5-0.6%. Adriatic forecasts 750-850 kt and 800-900 kt of ore to be mined in 2025 and 2026, respectively, at grades of 0.5-0.7% copper. The company also mentioned that recent guidance targets a mine life of 18 years with an attractive operating cost profile. Garofalo highlighted the remarkable growth Gold Royalty Corp is experiencing, expanding from 18 development-stage royalties to 240 royalties, which now include 5 producing projects. In 2024, Gold Royalty Corp expects 160% growth in revenue and anticipates positive free cash flow and earnings for the first time. The company projects a 60% compounded annual growth rate in revenue through the end of the decade, driven by royalties on major gold mines in North America. These developments underscore Gold Royalty Corp's strategic focus on expanding its portfolio and enhancing its revenue streams through significant acquisitions and robust growth in its royalty assets. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 24, 2024 10:05 AM Eastern Daylight Time

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News Release

Southern Silver Exploration Corp hits major milestone with updated PEA on Cerro Las Minitas Project

Southern Silver Exploration Corp

Southern Silver Exploration Corp President Larry Page joined Steve Darling from Proactive to share results from its updated Preliminary Economic Assessment on its Cerro Las Minitas project. The study is based on an updated Mineral Resourse with Indicated - 13.3Mt averaging 102g/t Ag, 0.07g/t Au, 0.17% Cu 1.3% Pb, and 3.1% Zn totaling 43.4Moz Ag, 32Koz Au, 49Mlb Cu, 374Mlb Pb and 921Mlb Zn; and Inferred - 23.4Mt averaging 111g/t Ag, 0.14g/t Au, 0.21% Cu, 1.1% Pb and 2.1% Zn totaling 83.4Moz Ag, 104koz Au, 111Mlb Cu, 582Mlb Pb and 1,106Mlb Zn. Page told Proactive the project’s Robust Economics has a Base Case1: after-tax NPV5% of $501M and IRR of 21.2%with a 48-month payback. The company says this latest economic update of represents a new milestone in the ongoing evolution and development of the project which is the culmination of a number of smaller technical improvements, developed over the last 18 months, which together result in a significant increase in the value of the Cerro Las Minitas asset. This includes the addition of new mineral resources from the North Felsite zone as first reported in March 2023; the standardization of the metallurgical recoveries and charges across each of the deposits, including the addition of gold revenues into the project cash-flow; improvements in the mine scheduling and optimization both the Operating and Capital costs of the project. Page feels infill drilling is needed, specifically on the portions of the deposit that fall within the Inferred category of classification will increase confidence in the Mineral Resource estimate, will further de-risk the project and potentially increase the value of the project. Page emphasised that the property is free from net smelter return royalties, making it more attractive for future deals. The focus is now on securing favourable agreements to maximise shareholder value. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 24, 2024 10:02 AM Eastern Daylight Time

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Avenix Fzco Unveils New Gold Trading Software FOREXOBOT, Transforming Market Engagement with Innovative Technology

Rev Up Marketers

FOREXOBOT, a state of the art trading software, has officially launched, offering sophisticated algorithmic solutions specifically designed for gold trading on the MetaTrader 4 (MT4) platform. This state-of-the-art software empowers traders with precision strategies, dynamic money management, and trailing stop functionality, optimizing trading opportunities in the XAUUSD market. Developed by Avenix Fzco, this advance forex robot integrates multiple advanced features that facilitate strategic market entry, manage multiple simultaneous trades, and employ comprehensive risk management techniques including Martingale and hedge strategies. These features are designed to maximize gains and minimize risks, ensuring a balanced approach to the volatile gold trading market. FOREXOBOT employs advanced algorithms to detect optimal market conditions, ensuring strategic entries and exits that maximize profit potential. This precision strategy focuses on identifying the most favorable trading moments, enhancing the likelihood of successful outcomes. The software comes equipped with robust risk management tools, including fixed Stop Loss and Take Profit levels to protect against adverse market movements. Moreover, FOREXOBOT's capability to manage multiple trades simultaneously allows traders to diversify their portfolios and optimize capital utilization. One of the standout attributes of FOREXOBOT is its trailing stop functionality which protects profits by allowing the stop-loss order to move with the market price when the market swings in the trader’s favor. Additionally, its fixed Stop Loss and Take Profit levels ensure that traders have stringent controls over potential losses and desired gains. The software also features a robust community learning platform where traders can engage, share strategies, and enhance their trading skills collectively. This collaborative environment not only fosters shared learning and success but also propels individual traders towards achieving their personal investment goals. FOREXOBOT is now available for a one-time fee, making it a worthwhile investment for serious traders looking to elevate their trading strategies and market performance. About FOREXOBOT: FOREXOBOT is developed by Avenix Fzco, a company dedicated to creating advanced trading solutions that integrate sophisticated algorithms and risk management tools to optimize trading outcomes. Located in Dubai, UAE, FOREXOBOT aims to support traders by providing tools that enhance their trading efficacy and community interaction. Contact Details Avenix Fzco Robert Swanton support@forexobot.com Company Website https://forexobot.com

June 24, 2024 08:45 AM Eastern Daylight Time

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Atlas Lithium Strengthens Position In Global Market With Brazilian Mineral Rights Expansion

Benzinga

By Mangeet Kaur Bouns As the global shift towards sustainability and electrification gains momentum, the demand for lithium continues to soar, highlighting its essential role in creating a cleaner, more energy-efficient future. The U.S. aims to achieve 100% clean electricity by 2035, establishing a vital framework for net-zero emissions by 2050. Lithium has become indispensable in several modern industries, including electric vehicles, renewable energy storage, consumer electronics and aerospace. By 2030, global demand for lithium carbonate equivalent is anticipated to surpass 2.4 million metric tons, doubling the forecasted demand for 2025. In this context, Atlas Lithium Corporation (NASDAQ: ATLX) is strategically positioned to meet this rising demand through its expansive project portfolio in Brazil and its strong operational capabilities. Atlas Lithium has recently announced a significant expansion of its lithium mineral rights in Brazil and notable progress towards lithium concentrate production, positioning itself as a key player in the global lithium market. Expansion Of Lithium Exploration Footprint Atlas Lithium has more than doubled its lithium exploration portfolio in Brazil to approximately 539 km² (208 miles²). This expansion includes promising new mineral rights in the Doce River and Mucuri Valleys, areas that are relatively untapped for lithium exploration. These regions, located near Governador Valadares in Minas Gerais, enhance Atlas Lithium’s strategic position, providing access to a new frontier for lithium in Brazil. Governador Valadares, a municipality of around 280,000 inhabitants, is an important regional center with favorable infrastructure and access roads. It is approximately 350 km (217 miles) from the Port of Vitoria. "Our new mineral rights near Governador Valadares offer access to an exciting new lithium frontier that has been relatively untapped beyond gemstone mining. This region hosts dozens of documented lithium-rich pegmatites, presenting a substantial opportunity for us," James Abson, chief geology officer at Atlas Lithium, said. Nick Rowley, vice president of Business Development, added, "Our immediate focus is on becoming a producer of lithium concentrate. By significantly increasing our mineral rights holdings, we are solidifying our leading position in Brazil, which is increasingly recognized globally as a hub for hard-rock lithium production." Progress Towards Lithium Concentrate Production At Neves Project Atlas Lithium is rapidly advancing towards producing lithium concentrate at its flagship Neves Project, located in Brazil’s Eastern Brazilian Pegmatite Province (EBPP). The company plans to commence production in the fourth quarter of 2024, aiming to produce up to 150,000 tons per annum (tpa) of battery-grade spodumene using dense medium separation (DMS) technology in Phase 1. This capacity is set to double to 300,000 tpa in Phase 2 by 2025. In preparation for this milestone, Atlas Lithium has completed the trial assembly of its DMS plant, scheduled for shipment to the site in the third quarter of 2024. The geological team has been actively drilling within the Neves Project area, having mapped and sampled more than 84 pegmatite outcrops. The company’s exploration campaign, initiated in late 2023, leverages advanced techniques such as hyperspectral satellite and drone LiDAR mapping to accelerate pegmatite discovery and enhance target prioritization. Additionally, Atlas Lithium is progressing with a Definitive Feasibility Study (DFS) for the Neves Project, which is expected to be completed before the commencement of initial production. This study will include an updated Mineral Resource Estimate (MRE) encompassing the Anitta 1, Anitta 2 and Anitta 3 deposits and assess the project’s economic viability and resource expansion opportunities. The Neves Project's location within the EBPP is strategic, given the province's reputation as one of the largest pegmatite regions globally, renowned for its high-quality lithium deposits. The project aims to leverage this geographical advantage to produce competitively priced high-grade lithium, addressing the growing global demand. Exploration Discoveries At Valadares And Coronel Murta Projects Valadares Project The Valadares Project, located approximately 50 km (31 miles) from Governador Valadares within the EBPP, is a focal point of Atlas Lithium’s exploration efforts. The newly acquired permits lie within the Joao Pinto schist units, known for their lithium-cesium-tantalum (LCT) pegmatites. Initial mapping and sampling have identified six additional spodumene-bearing pegmatites, underscoring the potential of these new claims. Artisanal miners have mined a particularly promising spodumene-bearing pegmatite for tourmalines, estimated to be at least 20 meters wide. First-pass samples of spodumene crystals from these galleries returned lithium oxide (Li₂O) grades exceeding 3.23%. These findings have guided the planning of future drilling campaigns. The company’s exploration team has utilized advanced tools such as high-resolution drone surveys, including LiDAR, RGB and multi-spectral imaging, to conduct detailed mapping and identify pegmatite bodies. These efforts are complemented by soil sampling campaigns highlighting lithium and LCT-pegmatite pathfinder element trends across the permit area. Coronel Murta Project Approximately 50 km (31 miles) northwest of the Neves Project, the Coronel Murta Project is strategically situated within the EBPP. The Barro do Salinas pegmatite, located within the company’s tenement, is a priority target area due to its known spodumene-bearing occurrences. Atlas Lithium has employed Sentinel-2 multi-band spectral imagery and other high-resolution satellite data to identify promising targets aligning with known pegmatite trends. Initial geological mapping and a detailed soil sampling campaign are underway to highlight lithium and LCT-pegmatite pathfinder element trends across the permit. Preliminary analysis has already identified anomalous concentrations of cesium, indicating the likely presence of LCT pegmatites on the property. High-resolution drone surveys, including LiDAR, RGB and multi-spectral imaging, have been deployed to support detailed mapping efforts. Upon completing these studies, the company plans to conduct a high-resolution drone magnetics geophysics survey to expand its scout drilling campaign in this high-priority area. Strategic Positioning Of Atlas Lithium With one of the largest exploration project portfolios in Brazil, the adoption of cutting-edge processing technologies and strong financial backing, Atlas Lithium says it is well-positioned to produce high-quality, low-cost lithium concentrate to meet robust global demand. The company’s strategic expansions and technological advancements solidify its role as a primary player in the global lithium market. The comprehensive datasets generated from these exploration activities have highlighted several highly promising coincident and parallel targets. For instance, a linear lithium anomaly with a strike length of 1.2 km (0.75 miles) coincides with the Anitta 2 mineralized pegmatite. These insights have led to the discovery of additional drilling targets, enhancing the project's overall potential. Atlas Lithium’s approach includes leveraging advanced geological techniques, securing strategic mineral rights and investing in state-of-the-art processing technology. These efforts mean that the company is likely to remain at the forefront of the lithium industry and will be able to meet the increasing demands of various sectors, including electric vehicles, renewable energy storage, consumer electronics and aerospace. Featured Photo by MiningWatch Portugal on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 24, 2024 08:35 AM Eastern Daylight Time

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Apple Becomes Latest Giant To Adopt AI, But Risks Persist – Brand Engagement Network May Have The Solution To Ensure Security In The Age Of AI

Benzinga

By Meg Flippin, Benzinga OpenAI, the brains behind ChatGPT, is taking off as companies like Microsoft Corp. (NASDAQ: MSFT), Shutterstock Inc. (NYSE: SSTK) and Bain & Company adopt this game-changing technology. Even Apple Inc. (NASDAQ: AAPL), which has been relatively slower to embrace AI, seems to be going all in, recently announcing a partnership with OpenAI to integrate ChatGPT into Siri and other areas of its operating system. That will undoubtedly bring more convenience and assistance to Apple’s millions of users, but this technology is not without risks. In the wrong hands, AI can be used to create fake videos and content, spread incorrect news and information, enable plagiarism and provide biased results. High-profile lawsuits lodged by celebrities and artists have highlighted AI's negative aspects and are raising awareness about the dark side of AI. A survey conducted in August by Pew Research shined a light on this. It found that 52% of Americans are more concerned than excited about the increased use of AI. That wariness is up from 2022 and coincides with an uptick in awareness about AI. Pew found individuals who heard a lot about artificial intelligence are 51% more likely to express more concern than excitement about AI. Among those most aware, concern outweighs excitement by 47% to 15%. On the topic of privacy, 53% of Americans polled said AI is doing more to harm than help keep people’s personal data private. “Americans’ concerns about AI include a desire to maintain human control over these technologies, doubts that AI will improve the way things are now, and caution over the pace of AI adoption in fields like health and medicine,” wrote the researchers. In The Right Hands, AI Can Improve Life In the right hands, however, AI isn’t as scary as it seems to many. Companies using it responsibly and securely can transform industries with AI. Take Brand Engagement Network Inc. (NASDAQ: BNAI) – or BEN – the developer of generative AI and AI avatars, for one example. With its human-like AI assistants, BEN enhances customer service, productivity and overall performance for businesses, targeting markets facing significant workforce gaps and presenting an opportunity to transform how consumers engage with networks, providers and brands. The company’s secret sauce is a broad portfolio of conversational AI applications that drive better customer experience, increased automation and operational efficiencies. BEN uses much smaller data parameters than larger models like ChatGPT – enabling it to offer companies AI that is scalable and can be tailored to specific use cases. At the heart of its business model is a security-first approach. Unlike many of the unsecured AI systems that rely on unknown data sources and unverified information, BEN trains its AI on client-provided data and follows clients' internal client data management and privacy protocols. It’s also HIPAA and SOC 2 Type 1 compliant, and its AI platform is deployed and secured in an Amazon (NASDAQ: AMZN) Web Service environment, enabling BEN to support multiple companies securely. BEN Has To Be Secure Focusing on security is particularly important to BEN, given that its AI solutions are quickly finding their way into many data-sensitive areas like healthcare and finance. In healthcare, BEN says its conversational AI can improve patient experiences and medication understanding, leading to better outcomes. BEN takes the importance of security very seriously. Take Skye, BEN’s AI assistant that can assist patients taking Metformin, the diabetes drug, for another example. The assistant doesn’t claim to know everything, nor does it “hallucinate,” which occurs when generative AI gives incorrect answers. A big reason for that is that Skye is loaded with very specific pharmaceutical data provided by the drug maker, results from clinical trials and data from accredited medical groups like the American Diabetes Association. One of the biggest risks posed by generative AI in industries like healthcare is the risk of “hallucinations,” where the AI gives misleading or outright false answers because it is built on unknown data sources and designed to generate a response no matter what. This is where BEN may have the solution to the AI reliability and safety problem. BEN’s AI assistants won’t answer a question if it doesn’t know the answer. It is not connected to unverified information sources like the web, so when a patient asks a question, BEN’s AI, using what is known as RAG, draws from carefully selected and validated data sets. “More than generative AI, we like to call it retrieval AI,” said Paul Chang, BEN's Co-CEO, in a recent interview. The approach BEN is taking with Skye could be replicated over and over for the tens of thousands of drugs on the market. Healthcare is a big opportunity for BEN, given the company reports 145,000 organizations can benefit from BEN’s AI. In the financial market where security and data protection are top of mind all the time, BEN says its addressable market is over 227,000 organizations, while in automotive, there are over 450,000 companies that can leverage BEN’s platform. Businesses Are Taking Notice BEN’s focus on security and reliability seems to be proving to be a differentiator. It is why MedAdvisor Solutions (ASX: MDR), a global leader in pharmacy-driven patient engagement solutions, is partnering with BEN to bring BEN’s AI assistants to certain pharmacies to help enhance patient outcomes. Or why Provana, a highly specialized knowledge process management provider, is integrating BEN’s AI assistants into its contact center solutions. The list goes on, with all of BEN’s customers having one thing in common: a need for secure, reliable and responsible AI. AI is clearly taking off and will only get bigger as more companies embrace it. The ones who do it responsibly and securely like BEN will not only improve the quality of life for the masses but do it without infringing on their privacy and or compromising their data. Can the same be said about some of the other players in the AI marketplace? Featured photo by BoliviaInteligente on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 24, 2024 08:30 AM Eastern Daylight Time

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Outdoorplay Launches High-Performance Inflatable Kayak for Adventurers

Rev Up Marketers

Outdoorplay, a premier provider of outdoor adventure gear, is excited to unveil its latest product, a cutting-edge inflatable kayak designed to elevate the kayaking experience for enthusiasts of all skill levels. This innovative kayak is a valuable addition to Outdoorplay's renowned lineup, offering exceptional options for adventurers everywhere. This new inflatable kayak blends durability, portability, and high performance, making it an excellent choice for both experienced paddlers and newcomers. Constructed with premium materials, this kayak ensures resilience in rough waters while delivering a smooth and stable ride. Its lightweight and compact design allows for easy transport and storage, enabling adventurers to access remote locations without the usual logistical challenges of traditional kayaks. "We are delighted to launch our new inflatable kayak," said Erika Pacini, Customer Service Representative at Outdoorplay. "Our team has dedicated immense effort to develop a product that surpasses customer expectations. Whether you're paddling on a tranquil lake or navigating challenging rapids, our inflatable kayak offers exceptional performance and reliability." Key features of the Outdoorplay Inflatable Kayak include robust construction from durable, puncture-resistant materials to endure tough conditions. It comes with a high-pressure pump for rapid inflation and deflation. The kayak's lightweight design folds into a compact size for effortless transport and storage, making it adaptable for various water environments, from serene lakes to moderate whitewater rapids. Outdoorplay invites all adventure seekers to explore the new inflatable kayak, now available on their website. To celebrate the launch, the company is offering a special introductory discount for a limited period. For more details about the inflatable kayak and to place an order, visit Outdoorplay's website or contact their customer service at 1-800-994-4327 or via email at customerservice@outdoorplay.com. About Outdoorplay Founded in Hood River, Oregon, Outdoorplay is committed to providing high-quality outdoor gear and apparel. With a strong emphasis on customer satisfaction and a passion for adventure, Outdoorplay offers a wide range of products to support various outdoor activities, including kayaking, rafting, camping, and hiking. Contact Details Outdoorplay Erika Pacini +1 800-994-4327 customerservice@outdoorplay.com Company Website https://www.outdoorplay.com/

June 24, 2024 08:22 AM Eastern Daylight Time

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