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Revolutionary Crowdfunding Platform For AI Startups, InQubeta launches QUBE Presale

Chainwire

InQubeta, a pioneering platform in the crypto crowdfunding space, is thrilled to announce the launch of its innovative ecosystem powered by the QUBE token. Designed to revolutionize the investment landscape for AI startups, InQubeta offers users the opportunity to participate in crowdfunding campaigns in it's NFT marketplace. InQubeta stands out in the blockchain industry by providing a dynamic environment for users to back and invest in AI startups using QUBE tokens. Through the platform, each listed startup is transformed into an NFT and fractionalized, allowing investors of all sizes to participate. Upon successful funding, investors can share in the startup's profits through returns paid in QUBE tokens. The entire process is transparent, secure, and backed by the power of blockchain technology. To ensure the utmost quality and value for investors, InQubeta employs rigorous vetting procedures for startups seeking listing on their NFT marketplace. Additionally, the platform equips investors with valuable resources, including insights from experienced stakeholders and AI technology experts, enabling informed decision-making through comprehensive research and analysis. At the core of InQubeta's ecosystem lies the QUBE token, an ERC-20 utility and governance token. QUBE grants holders access to invest in AI startup projects listed on the platform's NFT marketplace. With deflationary properties, QUBE tokens provide long-term potential benefits to investors through a 2% buy-and-sell tax allocated to a burn wallet and a 5% sell tax directed to a reward pool. Moreover, QUBE token holders actively participate in governance, shaping the future of InQubeta by contributing to key proposals. Security is a paramount concern, and InQubeta takes it seriously. The QUBE token has undergone an extensive security audits by leading firm Hacken and KYC verification by Block Audit, providing peace of mind to investors and ensuring users' funds are protected from potential breaches. Currently, the QUBE token is available in its presale phase, offering investors the opportunity to purchase tokens at the current lowest possible price directly from the official InQubeta website. The presale is designed to be investor-friendly, with a minimum investment amount of $50, making QUBE tokens accessible to everyone. Supported payment options include but are not limited to ETH, USDT, BNB, BUSD, and BTC. Following the presale, QUBE token holders can stake their assets via InQubeta's staking dapp, to earn potential rewards from the buy and sell taxes allocated to the reward pool. InQubeta's cutting-edge crowdfunding ecosystem, impressive tokenomics, and commitment to security position it for success in the evolving landscape of AI investments. To join the InQubeta presale, please visit inqubeta.ai About InQubeta InQubeta is a crypto crowdfunding NFT marketplace that enables users to invest in AI startup projects using the QUBE token. Through its innovative platform, InQubeta aims to revolutionize the investment landscape for AI startups, providing investors a transparent and rewarding experience. Contact Details InQubeta InQubeta Team info@inqubeta.ai

June 01, 2023 12:26 AM Eastern Daylight Time

Fitch upgrades OYO's rating to 'positive' from 'stable'

OYO

Ratings agency Fitch has upgraded its outlook on global travel tech company OYO’s (Oravel Stays Limited) long-term foreign and local currency issuer default ratings (IDRs) to positive from stable, while affirming the ratings at ‘B-’. Fitch has also affirmed the rating on the USD 660 million senior secured term loan facility due 2026, issued by OYO's fully owned subsidiary, Oravel Stays Singapore Pte Limited, at 'B-'. The Recovery Rating is 'RR4'. The Fitch report further states that the term loan facility is unconditionally and irrevocably guaranteed by OYO and certain subsidiaries within the group and the guarantee covers 121% of the outstanding principal or up to USD 800 million, and Fitch considers this guarantee full and worthy. Fitch explains the rating change, “We expect OYO to deliver positive EBITDA and CFO in FY24, ahead of Fitch’s earlier forecast, led by a greater reduction in operating costs than we expected. We expect significant growth in its EBITDA in FY24, led by an ongoing demand recovery in the travel and tourism industry, the company’s stable gross margins, and reduction in operating costs. This follows positive EBITDA in every quarter of FY23, which is the first year of profits since OYO’s incorporation in 2012. The rating also reflects OYO’s adequate liquidity.” The rating by Fitch reflects OYO’s asset-light business model that benefits from minimal capex needs, largely exclusive distribution rights, pricing control over storefront inventory, fixed revenue share and strong long-term growth potential. Fitch expects the cost-reduction measures that OYO undertook in recent years to support its improving profitability in FY24. The report states that such reductions will not affect growth, as OYO has increased its business development staff to prioritise storefront additions. Fitch also expects travel and tourism industry conditions to continue to improve in OYO’s key markets in FY24, following a strong recovery in FY23 from pent-up demand for leisure travel after the easing of Covid-19 restrictions. The Indian hotel industry saw improving occupancy rates with a 73% increase in the number of air-traffic passengers in FY23. Foreign tourist arrivals also increased to 6.2 million in 2022 from 1.5 million in 2021, albeit still well below pre-pandemic levels. “OYO increased the number of storefronts and GBV per storefront in its European homes business in FY23 as leisure travel recovered, despite the cost-of-living crisis and reduced disposable incomes in the region. We expect this recovery to continue over the upcoming summer holiday and be further supported by a recovery in business travel, which initially picked up at a slower pace.” said Fitch. The rating agency estimates that OYO's unrestricted cash at FYE23 is sufficient to fund it’s the Fitch-estimated free cash flow deficit of around USD 7 million and annual debt repayment of around USD 6 million in FY24. Recently, global ratings agency Moody’s (Moody’s Investors Service) announced that it expects OYO to remain EBITDA positive for FY24 and its overall outlook to remain stable. Moody’s in its report said that OYO will generate around $50 million-$55 million EBITDA, after shared based payment expenses in fiscal 2024, supported by a strong demand recovery in the hospitality business, increase in the number of storefronts on OYO's platform, and cost optimisations. In March, OYO refiled its Draft Red Herring Prospectus (DRHP) with the stock market regulator SEBI under the recently introduced Confidential pre-filing route. A source close to the company said that the company will be “fine-tuning the issue size, basis the market conditions, to between $400 to 600 million, all of which will now be a primary issuance, to repay most of its debt.” The Confidential pre-filing route option was allowed by SEBI in November 2022 as part of bringing in progressive and globally popular practices. The company recently announced that it plans to double the number of premium hotels such as Townhouse, Collection O and Capital O in India in 2023 by adding approximately 1800 high street, upmarket hotels. The company’s UK business plans to add more than 50 properties to its UK portfolio in 2023 with a focus on cities such as London and Birmingham. OYO already has more than 150 hotels across the UK. The company is also planning to add over 100 hotels in the US in 2023. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/

May 31, 2023 11:00 AM Eastern Daylight Time

Symphony’s Innovate 2023: compliant communications, AI and trader voice take center stage

Symphony Communication Services

May 31, 2023 - Over 300 financial and technology leaders met at Symphony’s Innovate 2023 in London last week to review the latest innovations in compliance-enabling communications, AI and NLP models and the evolution of trader voice capabilities. For the first time, the company showcased live the capabilities of its natural language processing and business insights platform Amenity Analytics - acquired in November 2022 as part of its commitment to deliver AI-powered products as well as support ESG needs in financial services, as Symphony expects to become the secure AI platform for global finance. A large language model and Amenity’s ESG Insights platform were used to create a proof of concept for a customizable ESG summarization bot in Symphony. When queried, the bot provided accurate, timely and actionable data driven insights. Customer 22V joined the Symphony stage to share the firm’s research use case. Video. The company showed the evolution of its trader voice proposition, including a Cloud9 integration with Zoom Phone as well as capabilities that allow customers to move to a cloud-based on demand model, unlocking instant intra and cross firm connectivity and flexibility. Video. Symphony also presented the latest in its compliant messaging offering, with improved capabilities to accelerate client engagement in a compliance-enabling manner. End users can now seamlessly onboard their clients on their mobile device using a dedicated number through the Symphony application. Audio recording and AI-powered conversation summary functionality enable high-touch client communication without sacrificing compliance. LINE, one of Asia's most popular messaging platforms, was announced as a new addition to Symphony’s federated solutions alongside WhatsApp, WeChat, and SMS. Video. CEO Brad Levy said: “We are proud of the innovation our customers are driving in global finance, using the Symphony platform. The team is committed to continue providing a best-in-class platform with a full communications stack and broad set of solutions to conduct business in a compliant way, as well as deep financial services and technology expertise.” He explained: “The reality of this cycle is change is happening at unprecedented speed and Symphony is a great partner to manage that risk and seize new opportunities.” CEO keynote video. Introduced at Innovate 2023 was the new industry-led Operations Directory, showing convenient, instant discovery, enabled by a standard taxonomy for the industry, bringing customers together on a platform that can connect directly into Symphony. Video. Among the industry leaders on stage were Brian Herlihy from 22V Research, Vicky Sanders from OpenFin, Chris Cunalata, Will Shotton, and Pavlo Vozniuk from RBC, Ash Booth, Tom Croft and Allen Li from HSBC, John Abel from Google Cloud, Pinar Emirdag and Vanessa Barade from J.P. Morgan, Prajit Chatterjee from J.P. Morgan Asset Management, Yann Belvisi from CIC Market Solutions, Richard Turner from Insight Investment, Duncan Maccabe and Theodore Sirota from Natwest Markets, Stanislav Ermilov and Richard Payne from Tallarium, Andrew Castello from FIA Tech, Philip Slavin and Kishan Bharwad from Taskize, Philippe Laurensy from Euroclear Group, Adam Watson from BNY Mellon, and Luke Moore and Erin Boyle from IG Markets. Symphony’s embedded collaboration platform, originally introduced at Innovate 2022 in London, was featured with two business use case demos from RBC’s winning Symphony Challenge workflow that showed ECP integrated within OpenFin [ video ], and NatWest Markets Agile Markets trading venue integration. Innovate is Symphony’s flagship conference. While more than 300 leaders joined Innovate 2023 in person, over 600 professionals from around the world were able to watch live online. You can view all Innovate 2023 sessions here. More session videos: Welcome and opening: video Product Introduction: Speed, Flexibility, Connectivity and Security: video Automation, AI and Acceleration in Capital Markets panel: video Tallarium demo: video FIA Tech demo: video Taskize demo: video Closing: video About Symphony Symphony is the most secure and compliant markets’ infrastructure and technology platform, where solutions are built or integrated to standardize, automate and innovate financial services workflows. It is a vibrant community of over half a million financial professionals with a trusted directory and serves over 1000 institutions. Symphony is powering over 2,000 community built applications and bots. For more information, visit www.symphony.com. Contact Details Odette Maher +44 7747 420807 odette.maher@symphony.com Company Website https://symphony.com/

May 31, 2023 09:33 AM Eastern Daylight Time

HomeSphere and Kidde Help Builders Save on Safety

HomeSphere

HomeSphere, the only platform connecting building product manufacturers to regional homebuilders who collectively construct more homes than the top five public homebuilders combined, today announced a strategic partnership with Kidde, the most-installed fire safety brand in the U.S. with over 400 million total household installations. Through the partnership, HomeSphere’s 2,700-plus single and multifamily builders will have access to exclusive rebates on select smoke and carbon monoxide alarms. “Many technologies make a home smarter. Our technology makes it safer,” said Isis Wu, President, Kidde, Safe & Healthy Homes. “By partnering with HomeSphere for the launch of our HomeSafe-enabled devices, we can help more builders with monitoring technology that gives buyers greater control, confidence and peace of mind.” “Kidde has a long-standing commitment to safety, quality and innovation,” said HomeSphere President and CEO Greg Schwarzer. “Buyers are looking for products that improve safety, and Kidde’s commitment to the builders on our program means builders can save time and costs and improve the value of their for-sale homes.” HomeSphere’s partnerships with well-respected brands like Kidde give its growing user base access to an unprecedented catalog of products and technologies while also building relationships that foster innovation and ease nagging supply chain burdens. Kidde HomeSafe-enabled products with Smart Detection technology provide homeowners with a suite of Wi-Fi-enabled devices connected through the Kidde app, including an industry-first device that enables whole-home detection of smoke, carbon monoxide and indoor air quality issues, as well as a water leak and freeze detector. About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using My HomeSphere®, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects and develop key relationships with the 80-plus manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.homesphere.com/

May 31, 2023 07:15 AM Mountain Daylight Time

News Direct and FINTECH.TV Announce NEWS DIRECT INSIGHTS, a Forum for Corporate Leaders to Gain Exposure via On-Air Interviews Over First-of-its-Kind Streaming Business News Platform.

News Direct

News Direct and FINTECH.TV today announced News Direct Insights, an innovative new means for companies to leverage the power of video and streaming TV by providing corporate leaders the opportunity to deliver key messaging to target audiences via on-air interviews broadcast over FINTECH.TV’s streaming platform. This is the first in a series of collaborations between News Direct and FINTECH.TV, a partnership that was announced in late 2022. The interviews are conducted on-site at the FINTECH.TV studio on the floor of the iconic New York Stock Exchange, a backdrop that adds an additional measure of distinction and significance to the appearance. News Direct clients can book their CEO’s, or other key executives, for 3-minute spots that will be included in FINTECH.TV’s Daily Download segment, which airs throughout the day and week. The one-on-one format, hosted by a professional FINTECH.TV staff journalist, offer guests a forum to discuss issues of importance to their companies and stakeholders. In addition to airing on the platform, the digital content will also be made available for clients to repurpose on websites and social media channels. “News Direct is committed to the concept of transforming the traditional newswire into something well beyond simply the dissemination of text-based content. We aim to tap into the enormous current and ever-growing appetite on the part of news consumers to ingest information via digital formats, especially video. We strive to redefine our category as a content distribution tool, not merely as a news release distribution service, and the partnership with FINTECH.TV presents an ideal application for that vision.”, stated News Direct founder and CEO, Gregg Castano. Merry Ewing, Head of Network Sales, of FINTECH.TV, said, “FINTECH.TV delivers the latest and most relevant news and perspectives in finance, blockchain, digital assets, impact investing and more. We are thrilled to partner with News Direct to share new perspectives with our engaged global audience.” ABOUT NEWS DIRECT News Direct provides news and content distribution for PR, IR, Corporate Communications and Marketing professionals. Our automated platform delivers a completely reimagined, intuitive workflow, industry-leading security, transparent, flat-rate pricing and actionable analytics. Further, News Direct has deployed an array of innovation including advanced automation, isolation cloud technology and custom software for the most dynamic, efficient and flexible platform available today. To learn more visit newsdirect.com or follow us on LinkedIn, Twitter, Facebook, Instagram or YouTube. ABOUT FINTECH.TV FINTECH.TV is a first of its kind global media platform bringing the latest news and perspectives in finance, blockchain, technology, sustainability, impact investing, SDGs, and ESG. FINTECH.TV broadcasts from its marquis studios on the floor of the New York Stock Exchange, at ADGM, Abu Dhabi’s leading International Finance Center, and with presence at other leading international exchanges including NASDAQ and the London Stock Exchange. Contact Details News Direct Gregg Castano gregg.castano@newsdirect.com Fintech.TV Lauren Hurvitz +1 917-683-5118 lauren@fintech.tv Company Website http://www.newsdirect.com

May 31, 2023 12:58 PM Coordinated Universal Time

Universal Media Announces AI-Powered Universal Streams Platform

Universal Media Group, Inc.

Universal Media Group Inc. (OTC: UMGP) ("UMGP"), an emerging producer and distributor of short and long-form celebrity-based reality content, is pleased to announce the ongoing development of its new streaming platform, “Universal Streams.” In a groundbreaking move for the entertainment industry, the tool will be a state-of-the-art AI-based SVOD (Subscription Video on Demand) platform. The introduction of AI technology into the realm of SVOD platforms represents a significant leap forward in the quest to enhance the user and creator's experience. Universal Media Group wants to use the power of AI to bridge the gap between creators and viewers. Universal Streams is designed to understand and adapt to individual user preferences, providing personalized recommendations and content suggestions. By leveraging the power of artificial intelligence, the platform aims to offer a more tailored and engaging viewing experience for each user. It is determined to provide advanced Universal Streams Studio tools to help creators from ideation to distribution. Universal Streams has a creator-focused business model and has removed many barriers creators face when producing and monetizing their content. We are very excited to have teamed up with one of the industry's most innovative technology partners to build and support Universal Streams. Our team has also expanded to include industry professionals with decades of experience, including with Disney, MGM, Sony, and Paramount. Our expanding team enables us to expand our reach and partner with some of the industry giants providing added value for our productions as well as those by our independent creators. More details regarding our growing distribution network will follow. Currently listed on the OTC Pink Market (UMGP), Universal Media is in the process of up-listing to the OTCQB. This is in anticipation of our submittal of a listing application to the NASDAQ by the end of our 2023-2024 fiscal year. More to follow. About Universal Media Group Universal Media Group (UMGP) is a publicly traded Digital Media Production company. Universal creates an eclectic array of content, including national television network celebrity programming, streaming financial news, and opinion shows. The company will continue to pursue strategic business investments, partnerships, and acquisitions that will ultimately increase profitability and expand the company's reach, focus, and portfolio of business assets. For further information, visit: https://UMGP.com Media Details: Company Name: Universal Media Group Contact Phone Number: 561.908.3333 Contact Email Address: ms@umediagroupinc.com Address: 1199 S Federal Hwy, Suite 111, Boca Raton, Fl 33432 Safe Harbor Statement: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements as predictions, projections, or references to future events, expectations, possibilities, or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company cannot give any assurance that its expectations will be attained due to several variable factors. Factors or events that could cause results to differ may emerge, and the Company can't predict all of them. Some of these risks and uncertainties include but are not limited to general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, customer order patterns, changes in consumer trends, and various other factors beyond the Company’s control. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law. Contact Details Universal Media Group ms@umediagroupinc.com Company Website https://umgp.com/

May 31, 2023 08:00 AM Eastern Daylight Time

BingX, First CEX to Launch LSD Token Lybra Finance LBR USDT Spot Trading Pair

BingX

SINGAPORE - Media OutReach - 31 May 2023 - BingX, a leading centralised cryptocurrency platform, is thrilled to announce the release of the LBR USDT spot trading pair on its platform. This new addition offers users the opportunity to engage in trading with the Lybra Finance ecosystem. Lybra Finance is a groundbreaking decentralized finance (DeFi) protocol that follow the trend of Liquid Staking Derivatives after the launch of ETH Shanghai update. Lybra empowers users to leverage their ETH USDT or stETH holdings to generate stable eUSD stablecoins. By following a simple three-step process, users can deposit collateral, mint eUSD, and then choose to either receive interest or utilize the stablecoins within other DeFi protocols. One of the key advantages of eUSD is its stability and safety. The value of eUSD remains close to its 1 USD peg, thanks to a combination of overcollateralization, liquidation mechanisms, and arbitrage opportunities. Additionally, holders of eUSD can expect to earn an attractive base annual percentage yield (APY) of approximately 7.2%, making it an appealing option for investors seeking a steady income stream while maintaining exposure to the cryptocurrency market. As the price of ETH rises, the yield generated by eUSD holders may also increase. At the heart of Lybra Finance's governance and decision-making process lies the Lybra DAO. The DAO is governed by LBR token holders, who possess the power to influence the project's direction, propose and vote on various decisions, and collectively manage the protocol. This community-driven approach ensures that Lybra Finance remains true to its decentralized nature and aligns with the interests of its users. BingX aims to further enhance its offerings and provide users with diversified opportunities within the DeFi landscape. The LBR coin spot trading pair is an exciting addition to BingX's growing range of trading options, solidifying its position as a comprehensive platform for crypto enthusiasts. BingX continues to prioritize security, user experience, and market-leading features, ensuring a seamless trading experience for all participants. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for new project analysis like LSD. Contact Details BingX elvisco@bingx.com Company Website https://bingx.com/en-us/

May 31, 2023 01:56 AM Eastern Daylight Time

Avorak AI Weighs In On Recent Ledger Hardware Wallet Controversy

Avorak AI Labs

What is a Hardware Wallet? A hardware wallet is a physical device that securely stores a user's private keys necessary for accessing and managing cryptocurrencies. These wallets are designed to provide an extra layer of security compared to software wallets, which are more susceptible to hacking and theft. By keeping private keys offline and isolated from internet-connected devices, hardware wallets protect users from the most common types of cyberattacks and ensure that their funds remain safe even if their computer is compromised. The most popular hardware wallets in the market include Ledger and Trezor. These wallets have gained a reputation for their security features, reliability, and ongoing support from their respective companies. However, as the demand for cryptocurrencies continues to grow, so does the attention given to these devices by hackers and other malicious actors. This has led to occasional controversies and security concerns surrounding hardware wallets, such as the recent backlash Ledger is facing surrounding its new recovery feature. Ledger Faces Backlash Over Recovery Feature Ledger, a leading hardware wallet manufacturer, has faced backlash from the cryptocurrency community regarding a recovery feature in their devices. This feature encrypts the seed phrase into three shards and allows users to recover their funds if they lose access to their hardware wallet and the seed phrase. The controversy began when the recovery feature was announced, and users asked themselves why the seed phrase could leave the device. Some users even went so far to accuse Ledger of introducing a backdoor that would provide governments with access to the hardware wallets. However, the majority interpreted this feature as a vulnerability that could allow an attacker to access the user's recovery phrase, compromising their funds' security. The issue garnered significant attention within the cryptocurrency community, with many questioning the overall safety and security of Ledger Wallets. Ledger always boasted about the security of its devices and that the seed phrase would never leave the device. In response to the backlash, Ledger released a statement addressing the vulnerability and assuring users that their funds were still secure. The company acknowledged the miscommunication regarding the new feature and explained its steps to become more open-source. Avorak AI CEO Says Ledger Is 100% Safe As an AI-driven company with expertise in the cryptocurrency and blockchain industry, Avorak AI closely monitors developments and trends within the space. The company's CEO recently weighed in on the Ledger Wallet controversy, offering an expert perspective on the situation. According to Avorak AI’s CEO Anthony Elsher, Ledger Wallets remain 100% safe and will remain in use. Furthermore, he pointed out that the open-source commitment of Ledger is something that the crypto community and he looks forward to. It will provide more clarity and will reassure Ledger users. The company's response to the recovery feature demonstrates its commitment to security and willingness to address potential issues. Furthermore, the CEO highlighted the importance of using hardware wallets to protect one's cryptocurrency investments. By keeping private keys offline and safeguarding against cyberattacks, hardware wallets like Ledger provide users with an essential layer of security. Final Thoughts Ledger's crisis management could be improved, but its response to the backlash demonstrates its commitment to addressing security concerns and maintaining the trust of its users. With the reassurance from Avorak AI's CEO that Ledger Wallets remain safe, users can continue to rely on these devices to protect their cryptocurrency investments. Learn more here: Website | Buy AVRK Avorak is an AI-powered cryptocurrency built on the Binance Smart Chain, melding artificial intelligence, machine learning, and blockchain technology, creating a powerful and free-to-use platform with chatbots, trade indicators, generative content modules, and automated trading bots. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Adam Adam@avorak.ai Company Website https://avorak.ai/

May 30, 2023 12:45 PM Eastern Daylight Time

CyTaka CEO Unveils Artificial Intelligence Technologies that Could Help Train Hackers in the Field of Cyber

CyTaka

Doron Amir, CEO of CyTaka (the World Cyber Championship), unveiled the next thing in cyber technology: a machine that integrates artificial intelligence (AI) that will enable creating simulations of new cyber attacks and could be used to train cyber professionals: "In the near future, we might see cyberattacks against which we have no defense" Doron Amir: "I have a great suggestion for Elon Musk: The space infrastructures he is building might very well be better suited for cooling quantum computers rather than for space tourism". There is no doubt that the machines will beat the humans. The only way to control the situation is with a game changer such as the quantum computer, which could definitely be a crucial instrument in defense and thwarting cyberattacks. Amir cautions: "The age of machines is underway. We must expedite the race to quantum computing, otherwise the machines might rise up against their creators. This could happen as today's computers are not protected in a way that can cope with machines equipped with AI. "If quantum computing is not functional in the next few years, we will see AI-based cyberattacks against which we will not be able to defend ourselves using existing technology in the civilian and business markets. Such cyberattacks could make much more damage than anything we now know, including the harming human life due to the use of smart technology in our vehicles, aviation and health industries." Fluid and Crystalized Intelligence in AI. Amir recounts that a couple of years ago, when his company started to develop a machine that could simulate cyberattacks for the purpose of training cyber professionals, they discovered that their work was cut out for them, and that it was more complex than they initially thought. "The first version showed us by the results that the machine behaved with crystalized intelligence (it could only cope with problems it had previously encountered or that were similar to patterns it was already familiar with). Actually, the new generation of Cyber Security needs to understand and be ready to handle new cyber security cases which never happened before. This is why we developed the fluid intelligence module to our machine. (Giving us the ability to cope with new problems)," explains Amir. "Unlike humans, who lose their fluid intelligence as they grow older, the machine has no biological limitations, and therefore, its fluid intelligence gets better over time, as its computing power continues to increase." ‘Moore’s Intelligence’ is a term that Amir coined based on Moore's Law. According to Amir, there is direct correlation between computational power and fluid intelligence in the world of AI. "In order to simulate fluid intelligence, we engaged young people whose fluid intelligence is at its peak, who work in the fields of software, information security and cyber. The idea was to identify people who have a proven record in dealing with new security problems. We met these hackers at the cyber championships held around the world, where we witnessed the very best minds solving cyber challenges using various methodologies and tactics. After studying these methodologies and tactics, we found they were different from one hacker to the next and that hackers from different countries cope with the same cyber challenges differently, both in terms of offense and defense. "As we could not find a fluid intelligence cyber module, we created our own module by gathering data and techniques from all around the world. We held cyber competitions in Israel, USA and of course, the World Cyber Championship was held in United Arab Emirates (UAE), which allowed us to host cyber professionals from countries that do not have diplomatic relations with Israel." Amir says that the main challenge in the final round of the World Cyber Championship produced by CyTaka in Dubai, was to hack a drone located in Israel, manipulate it to take a photograph from the air of a secret code positioned in a hidden place, and then to send this code back to the Competition Judges on the main stage in GISEC Global in Dubai. The event was held in partnership with the Cyber Security Council (UAE) together with the respectful H.E. Dr. Mohamed Al Kuwaiti (Head of Cyber Security UAE Govt). Only after an hour, (when the allotted time and the time extensions were over) a professional hacker from Tunisia completed the mission. "In comparison, our machine managed to solve the challenge in under 7 minutes," says Amir enthusiastically. ‘Terminator’ Comes to Life "Today, competitors in our cyber championships can use our machine to practice before the competition starts. In the near future, we will hold cyber competitions where not only machines compete against human hackers, but against other machines." Amir notes that there is room for concern, as there is no doubt that the machines will beat the humans. He says that the only way to control the situation is with a game changer like the quantum computer, which could definitely be a crucial instrument in defense and thwarting cyberattacks. "The quantum computer already exists in terms of feasibility, and one can travel to Singapore for a demonstration (if you get invited to see this wonder). One of the problems today putting the computer to use in the industry is the tremendous amount of energy required to cool the system to -273° Celsius (the absolute zero -273.15° C). "The solution to the extreme temperature requirements might be found in the ability to use the space platform, where the required temperature can occur naturally." "I have a great suggestion for Elon Musk” says Amir. “The space infrastructure he is building might very well be better suited for cooling quantum computers rather than for space tourism." https://www.cytaka.com/ CyTaka is lead by Doron Amir (Israeli Cyber entrepreneur) promoting a global activity in the world for building bridges between various nations, with an emphasis on encouraging high-tech education and employment in a wide range of sectors globally.Together with simulations of cyber cases and defense, we give the opportunity for programmers and cyber experts to prove information security skills no matter where they come from or where they were born. Contact Details LAPIDOT Srategy & Communications LTD MERAV LAPIDOT +972 54-288-8808 merav@goldfinger-lapidot.com Company Website https://www.cytaka.com/

May 30, 2023 12:10 PM Eastern Daylight Time

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