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Bitcoin Miner Bitdeer (NASDAQ: BTDR) Inks Key Partnership, Advances Chip Development, Explores AI Datacenter Expansion

Benzinga

By Gerelyn Terzo, Benzinga Bitcoin investors showed their resilience when the flagship cryptocurrency got caught up in recent broader market volatility that sent the BTC price below $60,000. Investors rotated out of Big Tech recently amid economic and market uncertainty, but they may still have their eye on the AI and data center prize, which could bode well for Bitcoin miners and other companies operating in this arena. Institutional investors reportedly bought the Bitcoin dip as $245 million in inflows moved into spot Bitcoin ETFs during the summer doldrums. While Bitcoin ETFs only recently made their debut, many investors seem to have proven their willingness to endure market swings. One company strategically positioning itself in the Bitcoin space is Bitdeer Technologies Group (NASDAQ: BTDR), which continues to advance its roadmap in 2024. Bitdeer has published its production and operations update for July, during which time it hit several key milestones. Among the highlights was the fact that Bitdeer mined 181 Bitcoins compared with 179 in June. Additionally, the company reports that it solidified a key engagement with Tier 3 and 4 data center consultant TLM Group, inched closer to the monetization of its power portfolio and proved to be on pace for the deployment of its Bitcoin self-mining ASIC chips. Investors looking to gain exposure to Bitcoin but not prepared to directly buy into the asset class may want to investigate Bitdeer’s stock, which they can learn more about here. Bitdeer’s Computational Power On The Rise In July, Bitdeer’s total hashrate – a reflection of the computational power a network possesses to mine BTC – under management was 21.2, up from 20.6 in the same month in 2023. The company is targeting the expansion of its hash rate by 3.4EH/s by year-end, growth that will be fueled by the manufacturing of its SEALMINER A1 rigs. In July, mass production of Bitdeer’s new mining chip, dubbed SEAL01, the powerhouse for the SEALMINER A1 mining rig series, remained on track while the company implemented air cooling and hydro cooling capabilities. Bitdeer is preparing for mass production of its second-generation chip, SEAL02, by year-end 2024. Meanwhile, R&D activities on its third-generation chip, dubbed SEAL03, are also underway. High-Performance Computing And AI Bitdeer’s AI cloud services are powered by technology from AI leader Nvidia (NASDAQ: NVDA), the systems for which attained 100% utilization in July. The company has plans to expand its AI cloud footprint to seize opportunities as they present themselves while remaining disciplined on capital expenditures. With TLM Group on board, which is out front for high-performance computing (HPC) and AI datacenter engineering and construction, the company can harness the consultant’s expertise to evaluate the suitability of its current sites while collaborating with them on a broader datacenter strategy. Bitdeer says this partnership may involve co-locations, joint ventures and other ways to monetize the high-demand HPC and AI segments. Bitdeer’s Global Datacenter Expansion Datacenters make up the key infrastructure where AI magic takes place, and Bitdeer oversees several facilities strategically located around the world, including Rockdale, Texas, Tydal, Norway, Massillon, Ohio and Jigmeling, Bhutan, the construction of which progressed in July. In July, the Phase 1 and Phase 2o expansions of Bitdeer’s Norway datacenter remained on pact to deliver 40 MW in Q4 2024 and 135 MW by mid-2025. In Bhutan, Bitdeer is targeting the completion of a 500MW substation by Q1 2025. An upgrade of the Texas mining datacenter to hydro cooling is underway and should be complete by year-end 2024. In Ohio, Bitdeer said the 221MW project is proceeding as expected in the design and long lead time equipment procurement stage. Bitdeer plans to deploy 3.4 EH/s of first-generation Bitdeer SEALMINERs into its Texas and Norwegian sites in Q4 2024, catapulting its total proprietary hashrate to 11.8 EH/s. Bitdeer’s Year-End Push With roots in Bitcoin mining that date back to 2013, Bitdeer has been among early movers in this market, including ASIC technology, which is used by the toughest mining rigs on the planet. As the company gears up for the final stretch of 2024, Bitdeer has no plans of slowing down and will participate in several events. Among them is Rosenblatt’s virtual tech summit, which will be held in August and will focus on “The Age of AI.” In September, Bitdeer will be featured at H.C. Wainwright’s global investment conference in New York before heading to Miami for the Canto Crypto conference in November, which will similarly focus on AI infrastructure. Investors considering becoming part of the Bitdeer growth story cite the company’s participation in the Bitcoin ASIC chip mining, AI/HPC and data center story. With a consensus analyst rating of “ buy,” Bitdeer shareholders may be in good company. Featured photo by satheeshsankaran on Pixabay. 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

August 21, 2024 08:35 AM Eastern Daylight Time

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Airship AI (NASDAQ: AISP) Marks Six Months On The NASDAQ: Russell 2000 Inclusion, Company Projects Triple-Digit Growth For 2024

Benzinga

By James Blacker, Benzinga Redmond, Washington-based artificial intelligence company Airship AI (NASDAQ: AISP) seems to have quickly made its mark in the AI-driven surveillance technology space since its bourse debut six months ago. Specializing in synthesizing vast amounts of data from surveillance cameras and sensors, the company uses AI to provide real-time actionable insights for its customers across a range of sectors, including law enforcement, defense, logistics and retail. In a recent interview with Benzinga, Airship AI President Paul Allen shared the latest updates from the company. Public Offering And Q2 Results Airship AI was founded in 2006 but only debuted on the NASDAQ in December 2023 through a special purpose acquisition company (SPAC). As Allen explained, the company’s decision to go public via a SPAC rather than an IPO was driven by a need for financial transparency, particularly in securing large government contracts. Having the backing of Wall Street gives Airship AI a competitive edge against large established defense contractors, as it reassures potential clients that the company has the financial stability to deliver on large-scale projects. The decision to go public appears to be paying off, with Airship AI’s latest financial report showing its growth over the second quarter. The company reported net revenues of $6.4 million, a gross profit of $4.5 million, a gross margin of 70% and a positive operating income. Allen noted that it has made significant progress toward its target of achieving triple-digit year-over-year revenue growth and being cash flow positive. Russell 2000 Inclusion: A Key Milestone Airship AI announced in July that it has been added to the Russell 2000 index, a benchmark for small-cap companies in the U.S. This achievement is a testament to its growth potential and a signal of confidence in the company’s future, with Allen pointing to its project pipeline and current opportunities as reasons for this confidence. While its shareholder base comprises mostly retail investors at present, the company’s inclusion in the Russell 2000 is expected to widen its exposure to institutional investors, which could open avenues for more significant investment. Harnessing AI For Real-World Impact The transformative potential of AI has been one of the main stories of the market recently, and Airship AI is using this technology to address some of the biggest challenges in safety and security. Applying advanced AI techniques to video data management, the company focuses on computer vision, object edge detection and real-time data analysis to enable its clients to make fast decisions in high-stakes situations. For example, Airship AI’s technology can be used to track a suspect’s movements, track packages on conveyor belts, or monitor public areas for unusual activity. Airship AI’s platform could even predict potential problems before they occur, offering its clients an invaluable level of foresight. Recent Contracts Airship AI has already attracted several high-profile clients, including awards from commercial and government entities. Most recently, the company announced on 25 June that it has been awarded a contract extension within the Department of Justice, which uses Airship AI’s Acropolis Enterprise Sensor Management video and data management platform to investigate and counter threats to national security. Also in June, the company announced a six-figure contract with a separate DOJ agency for its Acropolis platform. In the same month, Airship AI announced another six-figure contract with a Fortune 100 company in the transportation and e-commerce sector. The company will use the Acropolis platform to support operational and physical security requirements. Looking Ahead Allen highlighted Airship AI’s recent participation in the NASDAQ closing bell ceremony in May as a symbolic moment for the company, serving as a celebration of its first few months as a public company, and of the hard work and dedication it took to bring the company to this point. The company sees a big demand for its technology, with a market that is projected to grow to over $40 billion by 2030. With its recent financial performance exhibiting growth and its robust pipeline of projects, Airship AI seems well-positioned to capitalize on the growing demand for AI-driven surveillance and data management solutions. To find out more about Airship AI, visit its website. Read More Airship AI Makes Its Debut On The Nasdaq After Completing Merger With BYTE Acquisition Corp. Airship AI Awarded Contract With DOJ Agency, Marking Second Big Government Contract Win Since December IPO Featured photo by PhotoMIX Company on Pexels. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 21, 2024 08:15 AM Eastern Daylight Time

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SMCE (OTC:SMCE) Announces Launch of Chaintrade, its AI-Powered Platform Revolutionizing Data Intelligence in Capital Markets.

SMC Entertainment, Inc.

August 20, 2024, Boca Raton, FL – SMCE, a pioneer in financial technology, proudly announces the launch of Chaintrade.ai, an advanced AI-powered platform designed to revolutionize data intelligence for the capital markets. With a suite of vertically focused AI applications, Chaintrade.ai is set to transform how investors, analysts, and financial institutions access, analyze, and leverage market data, driving smarter decisions and fostering innovation across the industry. From Acquisition to Commercial Deployment in 60 Days. Chaintrade, which was formed as a Joint Venture between RedMatter Capital & Plato AI was acquired by SMCE in a streamlined commitment to launch the application within 60 Days of the acquisition announcement. “I am extremely excited and proud of our team's commitment in releasing a world class application with impact and purpose” stated SMCE’s CEO, Erik Blum. “This commercial release represents a significant milestone in the company's execution strategy and invite the entire Investment and Trader community to test ride the application. Based on the modularity of the application’s framework, we will be announcing the launch of several other plug in applications to drive greater user value and adoption. Empowering the Capital Markets with AI-Driven Insights At the heart of Chaintrade is a commitment to harnessing the power of artificial intelligence to deliver unparalleled insights into the capital markets. The platform integrates cutting-edge machine learning algorithms and data analytics tools to provide real-time, actionable intelligence across a wide range of assets, including equities, commodities, ETFs, bonds, and indices. By leveraging AI, Chaintrade empowers users to stay ahead of market trends, optimize their trading strategies, and make informed decisions with unprecedented accuracy. Vertically Focused Applications for Targeted Intelligence Chaintrade.ai stands out by offering a unique array of vertically focused AI applications. These applications are tailored to meet the specific needs of different market segments, ensuring that users receive the most relevant and precise data for their area of focus. Whether analyzing global equities, exploring the nuances of commodity markets, or diving into the dynamics of ETFs, Chaintrade.ai provides specialized tools that enhance understanding and drive strategic success. Key Features of Chaintrade Innovation is deeply embedded in Chaintrade’s ecosystem and corporate culture. The launch of Chaintrade.ai represents the culmination of years of research and development, with a clear focus on pushing the boundaries of what AI can achieve in the financial sector. The platform is built on a foundation of continuous learning, where AI models are constantly refined and improved, adapting to the ever-changing dynamics of global markets. Real-Time Data Analysis Access to real-time market data, enabling users to monitor trends, identify opportunities, and respond to market movements as they happen. Advanced AI Algorithms Proprietary AI models designed to process vast amounts of data, delivering predictive insights and trend analysis with exceptional accuracy. Customizable Dashboards: User-friendly dashboards that allow users to personalize their research experience, focusing on the data and insights most relevant to their needs. Multi-Asset Coverage Comprehensive analysis across a wide range of asset classes, providing a holistic view of market conditions. Secure and Compliant Chaintrade.ai adheres to the highest standards of data security and regulatory compliance, ensuring that users' data is protected and their activities are aligned with industry regulations. A Vision for the Future of Financial Intelligence Chaintrade’s vision is to lead the financial industry into a new era of AI-driven intelligence. By making sophisticated data analytics accessible and actionable, Chaintrade.ai aims to democratize financial insights, enabling both retail and institutional investors to compete on a level playing field. The platform is designed to scale, with plans to continuously expand its capabilities and integrate with emerging technologies such as blockchain and decentralized finance (DeFi). Chaintrade invites investors, financial professionals, and institutions to experience the future of capital markets intelligence. By embracing AI and innovation, Chaintrade is not just enhancing data intelligence—it’s revolutionizing it About Chaintrade Chaintrade is a leading fintech company dedicated to transforming the financial industry through innovation and technology. By leveraging AI and advanced data analytics, Chaintrade delivers cutting-edge solutions that empower users to make smarter, more informed decisions. With a commitment to excellence and a focus on the future, Chaintrade is redefining the landscape of capital markets intelligence. Chaintrae is a wholly owned subsidiary of SMC Entertainment Inc. (OTC: SMCE). About SMCE SMC Entertainment Inc. (OTC:SMCE) is a publicly traded holding company that acquires and helps drive the commercialization of Innovation at the intersection of both Fintech and AI. SMCE focuses on investing in both artificial intelligence and machine learning to drive commercial adoption of products and services in its portfolio. Press Release Contact Erik Blum / CEO SMC Entertainment Inc. https://fyntechnical.com/ (360)820-5973) Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details SMC Entertainment Inc. +1 360-820-5973

August 20, 2024 03:00 PM Eastern Daylight Time

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Rezolve Debuts On Nasdaq And Looks To Level Up E-commerce With AI-Powered Sales Engine

Benzinga

By Gerelyn Terzo, Benzinga E-commerce has been around for decades, with early movers Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) still making their mark on the industry today. Over the years, the e-commerce landscape has ballooned, with the U.S. boasting nearly 14 million e-commerce platforms as of 2023. Predictions see the industry capturing 41% of global retail sales by 2027, compared with 18% in 2017, according to the Boston Consulting Group. However, in order for that growth to become a reality, the industry must integrate greater efficiencies, especially in this age of generative artificial intelligence (AI) that has spread like wildfire, owing to the rise of ChatGPT. But over the last decade or so, the e-commerce industry has struggled to change with the times. As a result, e-commerce sites are finding would-be customers abandoning their online carts more often than not. In a blow to online retailers, roughly 70% of shoppers who go through the e-commerce process wind up dropping out of the checkout flow before completing the purchase. Rezolve AI – Investor Presentation July 2024 from Rezolve on Vimeo. While this may be due to a change of heart, or finding the product cheaper elsewhere, it often comes down to the customer suddenly questioning an important product feature like power outlet compatibility, the answer to which they simply couldn’t find online. Rather than risk having to return the item later, they leave the site and the sale is lost. Generative AI, which powers chatbots like ChatGPT, has the potential to deliver the change that is needed to modernize the e-commerce industry and close more sales. However, as retailers grapple with AI development, they are often left paralyzed due to the massive amounts of investment in technology and talent that is required to bring their systems up to speed. Fortunately, UK-based Rezolve AI (NASDAQ: RZLV) has emerged to service small and mid-size merchants, large e-commerce platforms, and large retailers and Payment Service Providers with AI-powered software-as-a-service (SaaS) solutions that can streamline the purchasing journey and address a costly problem that has plagued e-commerce for years. The company’s financial model is designed to generate attractive software revenue and margins from business customers with a monthly fixed SaaS fee structured around three tiers and based on their respective search volumes. Resolve intends to hit the ground running by scaling into the large geographic markets of North America and Europe, growth markets such as the Middle East, including a Memorandum-of-Understanding with the Kingdom of Saudi Arabia for an AI-Center of Excellence, as well as established and new industries organically and through distributors and partnerships. Today, the company has agreements with Adobe, ACI Worldwide, Handlerbund, and others. Led by e-commerce and SaaS-veteran Dan Wagner, Rezolve AI has been around since 2016 and began trading on the Nasdaq on Aug. 11, 2024. E-commerce Challenges To further understand the disconnect between consumers and online retailers, it helps to envisage the traditional way of shopping. Upon visiting a men’s clothing store in search of a blue suit, a middle-aged customer explains their desire to the salesperson, including details on preferences like suit material, color, size, button placement, etc. In response, the sales representative brings back several options most closely fitting those criteria. However, when reintroducing this scenario to the e-commerce world, the results are much broader. Upon entering “blue men’s suit” into the search bar, the shopper is bombarded with infinite possibilities, some of which involve low-waisted pants that are popular with the Gen Z crowd. By attempting to drill down the results by filtering, they run the risk of omitting certain features that would be useful had the shopper known they existed. On the other end of the spectrum, let’s say an online shopper is in the market for a new mobile device. However, without knowing a megabyte from a gigabyte or a plasma screen from an OLED display, this customer may often be confused. Search results are presented by highlighting these very features, and without knowledge of them, chances are the customer won’t be able to make an informed decision. As a result, the online shopper could end up spending hours researching the differences between the latest iPhone and Samsung devices just to learn what Rezolve’s Brain chatbot could have told them conversationally and much shorter time spent. Rezolve’s Proprietary AI-Powered Brain Chatbot Rezolve’s proprietary AI solution, dubbed Brain Commerce, is designed to improve the e-commerce experience. The software solution has been programmed with foundational models involving search, technology, taxonomies and data that can recognize and respond to everyday questions, like, ‘Which device do you recommend, the iPhone 14 or Samsung Galaxy S24?’ in real time. Brain’s automated response recommends a product with supporting reasons for each choice. As a result, customers receive engagement similar to what they would find in a live setting. That’s because Brain knows almost everything about the products, as it has already consumed all of the information in the user manuals as well as customer reviews. “Brain Commerce is the best salesman for digital channels and it’s a real step up on what we have today,” stated Rezolve’s Wagner, adding that it solves real problems for merchants and e-tailers, like people dropping out of a retailer’s checkout flow. But that is not where the Brain solution ends. Brain Checkout, which is similarly powered by AI, supports fast and immediate checkout capabilities with a tap, making it convenient and seamless for customers to finish what they started. Brain Checkout also boasts watermark technology that can be embedded into images or audio, paving the way for customers to interact with ads that capture their attention from a mobile device, then enabling them to add grocery products to their cart or schedule a test drive for a BMW. Rezolve AI Looks To Capitalize On Transition To AI 2.0 Generative AI-related stocks have had the winds in their sales this year; a momentum that is expected to continue. The AI 2.0 theme focuses on adopters. Industries such as customer service, health care, finance and logistics are poised for significant transformation through AI. As a result, now is an advantageous time for merchants and companies associated with this proprietary technology to join the action and build their competitive advantage. That is precisely what Rezolve is pursuing under the leadership of Wagner, who has a history of bringing companies to both the Nasdaq and London Stock Exchange. Rezolve’s public listing on the Nasdaq was the result of a business combination with Armada Acquisition Corp ( NASDAQ: AACI), a special purpose acquisition company. Rezolve AI trades on the Nasdaq market under the ticker symbol RZLV. Featured photo by Mohamed_hassan on Pixabay 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

August 19, 2024 09:00 AM Eastern Daylight Time

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Investors Could Increase Exposure To Small- and Micro-Caps Over The Next Year: Research Published By New Horizon Aircraft (NASDAQ: HOVR)

Benzinga

By James Blacker, Benzinga With interest rate cuts expected soon and other market conditions potentially set to improve, savvy investors are turning their attention to small-cap and micro-cap stocks, a new study suggests. According to the research, which was commissioned by advanced aerospace engineering company New Horizon Aircraft (NASDAQ: HOVR), both institutional and retail investors might significantly boost their allocation to these market segments over the next 12 months. Visit New Horizon Aircraft’s website to learn more about its approach to innovating and how it is building its position as a key player in the advanced air mobility market. Growing Appeal Of Small- And Micro-Cap Stocks The study, carried out by PureProfile, surveyed fund managers in the United States, Canada, Europe, the Middle East and Asia with a collective $82.4 billion in assets under management. A notable 76% of the respondents said they anticipate that institutional investors will increase their exposure to small- and micro-caps over the next six to 12 months. Of this number, 34% think the allocations will increase by 25% or more. Furthermore, retail investors are also expected to allocate more to micro- and small-caps, with 83% of the study’s respondents saying this will be the case. Around half said retail investors will boost their investments by more than 25%, while 12% think retail investors could increase their exposure by as much as 50%. The study also found there to be a perception among some fund managers that current exposure to small- and micro-cap stocks is underweight. Approximately one-third of respondents described institutional investor exposure to these segments as underweight, while 59% expressed this sentiment regarding retail investors. However, the research also found that 27% of respondents consider institutional investor exposure to these stocks as overweight, while 30% think the same for retail investors. According to Horizon Aircraft CEO Brandon Robinson, this shift in investment strategy could be driven by the potential for higher growth rates in small-cap companies compared to their larger counterparts. “As the economy rebounds, small and micro-cap companies are likely to have higher growth potential than large-cap companies. This is due to their agility in capitalizing on new technologies alongside investors looking for significantly higher growth potential over the magnificent seven and other ultra-large cap stocks that are showing signs of being overbought,” Robinson notes. Lessons From The Dot-Com Bubble The late-1990s/early 2000s period provides an interesting parallel to today’s market environment, showcasing how small-cap stocks can rebound strongly after a period of underperformance. During the dot-com bubble, large-cap stocks, particularly those tied to the internet boom, significantly outpaced small caps. These tech giants, much like Nvidia (NASDAQ: NVDA) today, saw their valuations skyrocket, creating a significant valuation gap between large and small-cap stocks. However, in the years after the dot-com bubble burst, small caps began to outperform large caps as the market recovered. Those who invested in stocks in the S&P 500’s Information Technology index in 2000 lost 29% cumulatively over the next five years. In contrast, those who continued to invest in small-cap value gained 89%, based on the Russell 2000 Value Index from the start of 2001 through 2005. Today, the valuation gap between small and large caps is the widest it has been since the dot-com era. In terms of forward price-to-earnings, small caps are currently trading at 14 times earnings, while large caps are trading at 20 times. This disparity suggests that small caps could potentially be once again poised for a period of outperformance. Horizon Aircraft: A Small-Cap Stock In The Advanced Air Mobility Space One small-cap stock that could benefit from this reallocation of investments is HOVR. New Horizon Aircraft is promising to shake up the advanced air mobility industry with its hybrid electric Vertical Takeoff and Landing (eVTOL) aircraft, called the Cavorite X7. With a projected useful load of 1,500 lbs, an anticipated maximum speed of 250 miles per hour and a range of 500 miles, the Cavorite X7 is designed for a wide range of applications ranging from medical evacuation to critical supply delivery, disaster relief, special military missions and regional air mobility. For those looking to stay ahead of the curve, keeping an eye on New Horizon Aircraft and similar small-cap innovators could be a smart move. Read more about New Horizon Aircraft: On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by Sergei Tokmakov on Pixabay. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 19, 2024 08:35 AM Eastern Daylight Time

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AI Generates Massive Amounts Of Data And This Company’s Tech Helps Transmit It

Benzinga

By Johnny Rice, Benzinga Dr. Michael Lebby, chairperson and CEO of Lightwave Logic, Inc. (NASDAQ: LWLG), was recently a guest on Benzinga’s All-Access. Lightwave Logic develops proprietary engineered electro-optic (EO) polymers. The company’s high-activity, high-stability organic polymers allow it to create next-generation photonic EO devices, which convert data from electrical signals into optical signals – critical to the functioning of the Internet. This means that with the company’s technology, more data gets sent faster using less power than the current standard. Lebby spoke about the increasing demand for faster data transmission required by AI and how his company’s tech is uniquely positioned to provide a solution. Watch the full interview here: Featured photo by Joshua Sortino 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 16, 2024 08:30 AM Eastern Daylight Time

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Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO

Benzinga

By James Blacker, Benzinga Autonomous vehicles have captured the imagination of consumers in recent years. With billions of dollars invested into making driverless cars a reality, companies like Tesla (NASDAQ: TSLA) have taken the lead in pushing this technology forward. What many don’t know, however, is that the aviation industry is also on the brink of an autonomous revolution, with the market for autonomous aircraft projected to be worth some $22.71 billion by 2030. One company using its aviation expertise to take on this challenge is Horizon Aircraft (NASDAQ: HOVR). The company, led by CEO Brandon Robinson, is seeking to shake up the future of air travel with its groundbreaking hybrid electric vertical takeoff and landing (eVTOL) aircraft, the Cavorite X7. In a recent interview with Benzinga, Robinson, a former CF-18 fighter pilot, spoke about the use of autonomous technology in aviation, whether there will still be a role for human pilots and the company’s strategy for leading this transformation. Autonomous Flight Tech And The Need For Pilots As Robinson points out, commercial aircraft are already somewhat autonomous, with most commercial airliners able to fly and land autonomously. Despite this, most commercial aircraft still require not one but two pilots present in the cockpit. "The air environment is very complicated and unforgiving. There are many unforeseen circumstances that often arrive, and it has been historically important to have a human in control of the aircraft in order to properly analyze the myriad of possibilities and choose an action that prioritizes safety," he explained. However, while we might not be getting rid of pilots just yet, the industry could be on a path to pilotless flight within a decade. Robinson notes that “many commercial aircraft are largely completely autonomous now, with several able to fly the majority of the route, land and stop on the runway without any human pilot intervention. It is logical to assume that eventually, the system may evolve to have human pilots trained only in a remote monitoring role." Horizon Aircraft’s Medium-Term Outlook While the technology for fully autonomous flight is still developing, Horizon Aircraft is focusing on piloted aircraft for the foreseeable future, recognizing that customer comfort and trust are paramount. However, the company is already preparing for a future where autonomous air travel could become the norm. Its current eVTOL prototype, the Cavorite X7, is equipped with advanced sensors and fly-by-wire systems that set the stage for a potentially smooth transition to autonomy when the time is right. Long-Term Future: Autonomous Air Taxis In the long term, Robinson sees an exciting future for autonomous flight where pilotless air taxis are as routine as taking an Uber (NYSE: UBER). Aside from the futuristic aesthetic, the potential benefits of urban air travel are massive – by taking advantage of the “third dimension” of the sky, air taxis can bypass ground traffic, stack at different altitudes and reduce congestion. This ability to keep aircraft separated improves safety and efficiency when compared to driving on roads. Cavorite X7 Latest Developments Horizon Aircraft’s Cavorite X7 is an eVTOL, which means it can take off and land vertically – just like a helicopter. The company reports that what makes this eVTOL unique is its ability to reconfigure its wings en route to fly like a traditional aircraft, using Horizon’s patented HOVR Wing technology. This wing reconfiguration allows it to fly twice as fast as a helicopter and more efficiently. It also uses a hybrid-electric main power system, which allows it to recharge its battery array in flight and after landing. The Cavorite X7 has already proven to perform well in hover and in slow forward flight. The company’s current flight-testing program is focused on flying at higher speeds and reaching “transition speed,” at which point the wings can reconfigure. Earlier this year, Horizon announced a number of promising technical updates on the development of its prototype, including the validation of its patent-pending yaw control system, as well as the start of production and testing of its full-scale core vertical lifting fan technology. With progress on the technology gaining momentum, Robinson is confident that Horizon can soon make its vision a reality. “For the past few years there have been many groups questioning the reports calling for explosive growth across the industry. We’re now seeing technology and advanced air mobility companies mature to the point that this optimism can be justified,” said the CEO. Watch the complete interview with Benzinga here: https://www.youtube.com/live/rnLgQdMaAPM?t=10351s Read more about New Horizon Aircraft: On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by Kim Hunter from Pixabay. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 15, 2024 08:45 AM Eastern Daylight Time

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PathAI Announces Launch of AI-based Measurement of Metabolic Dysfunction-Associated Steatohepatitis ("AIM-MASH") on the AISight Image Management System

PathAI

PathAI, a global leader in artificial intelligence (AI) and digital pathology solutions, is proud to announce the launch of its AIM-MASH 1 product on the AISight Ⓡ 1 Image Management System (IMS). This product provides advanced AI-based measurement (AIM) to support the analysis of MASH Clinical Research Network (CRN) Metabolic Dysfunction-Associated Steatotic Liver Disease (MASLD) Activity Score (MAS) component grades and fibrosis staging. The launch of AIM-MASH on AISight aims to increase the reproducibility and scalability of pathologists' assessments and management of MASH cases, which are projected to reach 27 million in the US alone by 2030 2. PathAI's AIM-MASH AI-based measurement tools have been utilized in over 20 presentations and publications, demonstrating their effectiveness in assisting pathologists with MASH CRN scoring in clinical trials; bringing them to the AISight IMS enables a seamless connection between trial and laboratory settings. These tools have been rigorously evaluated via a comprehensive multi-site analytical validation study using diverse datasets from four different trials 3. They have proven to be reliable and effective in helping pathologists make MASH assessments with: Highly Sensitive and Specific Review: AIM-MASH's model overlays have been validated by multiple pathologists for their high specificity and sensitivity in guiding reviews of MASH biopsies and accurately highlight key areas such as artifact, steatosis, hepatocellular ballooning, lobular inflammation, and fibrosis 3. Repeatable and Reproducible Assessments: AIM-MASH algorithm outputs have shown higher repeatability and reproducibility compared to intra- and inter-pathologist agreement for manual reads, confirming its precision in measuring the CRN scoring system components in liver biopsies from MASH patients 3. Increased Scoring Confidence: Validation studies have shown that AIM-MASH algorithm outputs are comparable to pathologist assessments, providing accurate first reads equivalent to those of expert pathologists to aid pathologists in their final assessment. 3 Global Collaboration: The AISight digital IMS allows expert GI Liver pathologists to review cases regardless of their location. This eliminates the need for time-consuming and costly shipping of glass slides and provides opportunities to utilize the MASH experts. The practical application of AI in MASH assessments was highlighted in a recent case study conducted by PathAI Diagnostics (now Ameripath, at its Memphis, TN-based laboratory) 4. This study demonstrated the synergy between traditional pathology and AI, showcasing how AI-assisted pathology can enable more precise evaluation of histologic features relevant to MASH, including steatosis, lobular inflammation, and fibrosis. "We are thrilled to introduce AIM-MASH on the AISight IMS platform," said Andy Beck, MD, PhD, CEO of PathAI. "This product is a game-changer for drug development, as it supports pathologists in making high-quality, reproducible MASH assessments. With AIM-MASH on AISight, pathologists can increase their confidence in pathology reads and decision-making, as if they have the world's expert liver pathologists assisting with every slide, helping with simplifying the complex task of scoring and evaluation." Dr. Arun J Sanyal, Professor and Interim-Chief of the Division of Gastroenterology, Hepatology, and Nutrition at Virginia Commonwealth University and co-investigator of the AIM-MASH analytical and clinical validation study, adds: "The data supports the use of AIM-MASH by pathologists in clinical trials as a method to resolve the accuracy and precision gaps in MASH assessment while guiding pathologists in an efficient evaluation to result in a standardized and reproducible score." The addition of AIM-MASH broadens the set of tools available through AISight to assist pathologists in making reproducible and efficient assessments of MASH. This announcement addresses a crucial gap in pathology labs — the lack of a standardized system that ensures consistent, accurate, and reproducible assessments, particularly for challenging conditions like MASH. With AIM-MASH on AISight IMS, PathAI aims to provide digital and AI tools to assist pathologists in making precise and reproducible assessments at scale, along with workflow optimization features, empowering pathology labs worldwide. References: 1: AIM-MASH and AISight are for Research Use Only. Not for use in diagnostic procedures. 2: Estes C, Razavi H, Loomba R, Younossi Z, Sanyal AJ. Modeling the epidemic of nonalcoholic fatty liver disease demonstrates an exponential increase in burden of disease. Hepatology. 2018 Jan;67(1):123-133. https://doi.org/10.1002/hep.29466. Epub 2017 Dec 1. PMID: 28802062; PMCID: PMC5767767. 3: Pulaski, Hanna, et al. “Analytical and Clinical Validation of AIM-NASH: A Digital Pathology Tool for Artificial Intelligence-Based Measurement of Nonalcoholic Steatohepatitis Histology.” MedRxiv (Cold Spring Harbor Laboratory), 29 May 2024, https://doi.org/10.1101/2024.05.29.24308109. Accessed 22 July 2024. 4: Kinsey, S., Reed, M., Parsell, T. “Practical Clinical Application of Artificial Intelligence in Metabolic Dysfunction Associated Steatohepatitis (MASH) – A Case Study Highlighting the Synergy between Traditional Pathology and AI.” PathAI, 2024. About PathAI PathAI is a leading provider of integrated AI and digital pathology solutions, dedicated to transforming diagnostic accuracy and operational efficiency in pathology labs worldwide. Through innovative technologies and strategic partnerships, PathAI aims to enhance patient outcomes and drive the future of medical diagnostics. Contact Details SVM Public Relations and Marketing Communications +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

August 13, 2024 09:00 AM Eastern Daylight Time

iLearningEngines – Hear From The Chief Architect Of This Applied AI Platform

Benzinga

By Johnny Rice, Benzinga Sanjeev Menon, Chief Architect - AI/ML for iLearningEngines (NASDAQ: AILE), was recently a guest on Benzinga’s All-Access. iLearningEngines is an Applied AI platform for learning & work automation. It reports being one of the fastest-growing technology companies in North America. AI can help revolutionize learning in big and small organizations, and iLearningEngines is proving that. The company has grown with a nearly 50% CAGR over the last 5 years. It says it has done this by consistently delivering a product customers are satisfied with, leading to a retention rate that well exceeds the industry standard. As Chief Architect, Mr. Menon shared his deep insights into how his company’s AI functions and what makes it unique. Learn more here: Featured photo by Christopher Gower 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:55 AM Eastern Daylight Time

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