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Ryvid partners with Sosa Metalworks for a truly custom Electric Motorcycle

Ryvid, Inc

Ryvid – the California-based Electric Motorcycle manufacturer – partnered with custom bike builder Cristian Sosa at Sosa Metalworks in Las Vegas to create a stunning interpretation of the Ryvid Anthem Electric Motorcycle. Better known for his traditional metal fabrication, the Ryvid Anthem was Cristian’s first attempt at a battery-powered motorcycle and the results are stunning. And in addition to the striking bodywork, the Ryvid team was delighted to discover Cristian had retained the Anthem’s unique height adjustable seat, which allows a broad range of riders to comfortably fit the Anthem. Cristian established Sosa Metalworks in September 2012 with his brother, Roberto, focusing on custom metal fabrication. Creating one-off metal pieces for custom projects, Cristian has specialized in motorcycles, which led him to become the lead metal fabricator at Count’s Kustoms for Discovery Channel's Counting Cars series. Cristian’s collaboration with Ryvid kicked off at the One Motorcycle Show in 2023 where he encountered the Anthem and company founder Dong Tran. “I had the opportunity to speak to Dong and he explained some of the features. What really stood out to me was the steel frame design,” Cristian recalled. “I'd been interested in building an electric bike and knew I could do something cool around the frame, so the Anthem was a perfect fit.” BUILDING THE SOSA ANTHEM Whenever Cristian approaches a new project, he tries to imagine how a classic machine would look in the future. And this is what attracted him to the Anthem because it already had ultra-modern design. However, Cristian had to take a different approach because where he’d normally design around the motor and transmission, with the Anthem he had to focus on the folded steel frame and removable battery pack. “These elements dictated the use of sharper, straighter lines compared to the curved designs I often use,” Cristian explained. “Stepping outside my comfort zone was what made this challenge so much fun.” Whereas steel is favored for classic motorbikes, Cristian prefers aluminum for modern machines. Not only does it fit the theme better but it’s lighter, helping overall performance. “Aluminum is harder to work than steel because it requires welding on both sides, but it’s softer and easier to shape,” Cristian said. “I also really like how hand-polished aluminum looks; I try to avoid mirror-polishing anything because I feel it loses its soul.” “I did most of the work on the Ryvid project by hand but also incorporated my fast-cut CNC table into the design and build process, which is something I’ve never done before. Once every part was cut, I shaped them by hand on the power hammers,” Cristian continued. “Hammering requires a lot of time but it’s my favorite part of the process because I can get into my zone.” Thanks in part to the technology used, the entire build took about three weeks to complete, including the design process. “ It can be difficult to find a design direction, but once it was decided I then practically built the bike twice; first as a design buck, which allowed the templates to be created, and then replicated it in aluminum,” Cristian said. “Every now and then, I make something that comes out better than I imagined, and this is one of those times. I remember when we were assembling the bike and it caught me by surprise. I couldn’t believe how well it came together and how good it looked. It has a classic feel but the lines makes it seem very aggressive and slightly futuristic, which I wasn’t expecting.” One of the Ryvid Anthem’s standout features is its removable 4.3kWh battery with integrated charger used to power the 72V air-cooled, brushless DC motor. It also has a unique height adjustable seat, which can be positioned to suit the rider at the flick of a switch. Cristian was careful to integrate the technology, keeping the Anthem fully functional. The beautifully crafted Sosa seat unit flows from the central spine and, despite its appearance of solidity, can easily be raised and lowered with the Anthem’s electronic system. Similarly, the side panels can be removed to access the battery’s latch system, allowing it to be lowered and removed for remote charging, if required. RIDING “I’ve always loved motorcycles, which have always represented gas-powered engines to me. In fact, the powerplant often inspired my designs, but you don’t have that with an electric motorcycle. Instead, I learned from riding the Ryvid Anthem that you focus on the actual ride rather than the motor, which is something that’s really grown on me. It becomes a completely different ways of riding. And while I love getting on a bike that you have to kickstart and work for it, there’s something beautiful about jumping on a bike and just twisting the throttle,” Cristian explained. “Some days I feel like driving and some I days I want to walk: two completely different modes that get you to the same place and put you in a completely different mindset. I feel what makes an electric motorcycle attractive is the simplicity and efficiency. There are times when I prefer that. “The Anthem is also very light (313 lb), which really makes it fun to ride. And that was another reason I worked with aluminum to keep the weight as low as possible. “I’ve been riding the bike almost daily since we got back from the One Motorcycle Show and it’s so much fun,” Cristian revealed. LOOKING AHEAD After Cristian Sosa got involved in the Anthem project, Ryvid launched its second model at the 2024 One Motorcycle Show; the Outset. Based on the same frame, battery and motor as the Anthem, Outset is a scrambler-style machine with taller. multi-road tuned suspension, a narrower, longer dirt bike-style seat, wider handlebars, and more. Cristian is already looking forward to his next electric project: “Let’s make something happen with the new Outset!” he laughed. “And I want to thank the Ryvid crew for the ride; it’s been fun.” If somebody wanted to recreate the Sosa Anthem, they can contact Sosa Metalworks directly via sosametalworks.com. “I only build one bike at a time. It’s very rare for me to jump from project to project. I like to focus on one project until it’s completed. I normally work around the client’s budget, which allows me to gauge the amount of time I can spend on it. But I never cut corners. I’ve been doing this for more than 25 years and one of the advantages of my experience is the skills I’ve acquired allow me to do things faster, while the tools and machinery I’ve acquired speed up the process even more. These things allow me to spend more time on the design aspect and craftsmanship,” Cristian concluded. AVAILABLE TO ORDER The Ryvid Anthem Electric and Ryvid Outset Electric are available to order now from ryvid.com. The $6,495 Anthem is available for immediate delivery in a choice of six colors. Deliveries of the new $5,995 Outset will begin in the Summer in either Sector Red or Vapor Grey. Riders must have a motorcycle license in order to ride both the Anthem and Outset. The Anthem and Outset share a rigid steel backbone frame, instrument display, removable 4.3kWh battery with integrated charger, 72V air-cooled, brushless DC motor, controller, and sealed belt drive. Both machines are capable of 75mph+ top speed and will provide up to 70 miles range* on the Outset or 75 miles* on the Anthem. The battery can be charged quickly from both 110V and 220V supplies. Outset has an 33” seat height but its compliant suspension and narrow cushion means it will comfortably accommodate a range of riders. The Anthem seat is adjustable from 31-34” to accommodate an even wider range of riders. Weighing just 313 and 315 lb, respectively, the Anthem and Outset share featherweight architecture and a low center of gravity. With the major components positioned at axle level, both bikes exhibit extraordinary handling characteristics, making them extremely easy to change direction at high speed or maneuver at low speed. Another benefit of electric power is the Ryvid Reverse Drive. At the push of a button when stopped, the rider is able to move the motorcycle backwards at walking speed to extricate it from perhaps a tight parking position or awkward slope. *Range is currently estimated on the the Ryvid Outset until it's subjected to the same Urban Dynamometer Driving Schedule as the Anthem to establish recognized city and highway range figures, which are available at ryvid.com. Battery range may vary and can depend on conditions such as rider weight, speed, temperature, wind, tire pressure, terrain, incline, etc. EDITOR’S NOTE Additional high-resolution images of the Ryvid-Sosa Anthem are available at ryvid.com/pages/media-room A Ryvid-Sosa Anthem video is available to view and share here: youtu.be/XfpGlzpjS-A?si=utyJjOsFMlW9z4VT ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, the Ryvid mission is to create more sustainable and enjoyable personal mobility. The company name was derived by merging Rhythm and Avid; elements of motion and emotion that define the experience of using our products. Ryvid produces revolutionary, lightweight, affordable electric motorcycles with a significantly lower carbon footprint than its competitors. With the same innovation applied to all models, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in California. For further information, please visit ryvid.com The Ryvid Anthem is available for delivery now at $6,495. The new Ryvid Outset is available at $5,995, with deliveries beginning Summer 2024 Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/

June 19, 2024 06:05 AM Pacific Daylight Time

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

Maxim AI

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

June 18, 2024 09:00 AM Eastern Daylight Time

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

Prosperr.io

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

June 18, 2024 09:00 AM Eastern Daylight Time

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

ARway.ai

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

June 17, 2024 01:01 PM Eastern Daylight Time

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David Clark Company’s Newest Space Suit Takes Flight

David Clark Company

On June 5, 2024, NASA astronauts Butch Wilmore and Suni Williams wore David Clark Company’s newest space suit, the S1100 Salus, to orbit. Launched aboard Boeing’s Starliner spacecraft at 10:52am EDT, as part of Crew Flight Test, the two crewmembers wore their Salus suits throughout launch operations, beginning their journey to the International Space Station. They will wear the suits for docking and reentry operations, as they complete this certification flight of the vehicle and the suit. The S1100 Salus is the lightest weight space suit ever flown. It is extremely comfortable, minimal thermal burden, and does not require the complexity, mass, and bulk associate to liquid cooling. Its integral air-cooling features, including a diverter valve that allows for multiple operating modes, and a selectively permeable bladder layer, kept the crewmembers cool as they waited on the launch pad prior to launch from the Florida coast. Building upon David Clark’s storied history as a provider of space suits for Gemini, Apollo and Space Shuttle missions, the engineering and design team incorporated innovative features in the new suit design, such as touch-screen compatible gloves, a soft helmet, and lightweight conformal footwear – co-developed with Reebok. The extremely wide field of view, high mobility elbows and shoulders, and minimal bulk ensure crewmembers have maximum capability inside their spacecraft, for both nominal and contingency operations. With the successful completion of Crew Flight Test, this suit will serve as the qualified baseline design for Starliner. Additionally, the S1100 Salus is the new gold standard for launch and entry space suits, serving as a design reference for future David Clark suit designs. Contact Details Will Andersen +1 401-521-2700 wandersen@rdwgroup.com Company Website https://www.davidclarkcompany.com/

June 14, 2024 12:00 PM Eastern Daylight Time

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Combatting the Loneliness Epidemic: The Role of Muah AI in Providing Emotional Support

Muah AI

The loneliness epidemic in the United States is an escalating public health concern, with significant implications for both mental and physical health. As the nation grapples with increasing rates of social isolation, innovative solutions are emerging to address this pervasive issue. One such solution is the advent of AI chatbots, like Muah AI, which are proving to be powerful allies in the fight against loneliness. Recent studies highlight the severity of the loneliness epidemic. According to a 2020 survey by Cigna, over 60% of Americans reported feeling lonely, a notable increase from previous years. The COVID-19 pandemic exacerbated these feelings of isolation, underscoring the need for effective interventions. AI chatbots offer a promising avenue for providing the much-needed emotional support to those struggling with loneliness. AI chatbots, including Muah AI, leverage advanced machine learning algorithms to create personalized, interactive experiences for users. These virtual companions are designed to engage in meaningful conversations, offering a sense of companionship and understanding. Unlike traditional mental health interventions, AI chatbots are accessible 24/7, providing immediate support whenever needed. One of the key strengths of AI chatbots is their ability to offer a non-judgmental space for users to express their thoughts and feelings. This can be particularly beneficial for individuals who may be reluctant to seek help from human therapists due to stigma or fear of judgment. By providing a safe environment for open communication, AI chatbots can help users process their emotions and reduce feelings of loneliness. Research supports the effectiveness of AI chatbots in alleviating loneliness. A study published in the Journal of Medical Internet Research found that users of an AI chatbot reported significant reductions in feelings of loneliness and improvements in mental well-being. The study highlighted the potential of AI chatbots to serve as valuable tools in mental health care, particularly in addressing the emotional needs of socially isolated individuals. Muah AI, for example, exemplifies the potential of AI technology to create meaningful connections. Developed with input from USC Social Work Doctoral Researcher Diana Zhao, Muah AI utilizes adaptive learning to tailor its interactions based on user input. This level of personalization fosters a sense of connection and empathy, which are crucial in mitigating loneliness. Moreover, AI chatbots like Muah AI can play a preventative role by identifying signs of severe emotional distress and guiding users to appropriate resources. This proactive approach can help prevent the escalation of mental health issues and provide timely support to those in need. It's important to recognize that AI chatbots are not intended to replace human interactions but rather to complement them. In an increasingly digital world, these virtual companions can fill the gaps in human connection, providing support when traditional social networks are unavailable. By embracing AI chatbots, we can create a more inclusive and supportive environment for individuals struggling with loneliness. In conclusion, AI chatbots hold significant promise in addressing the loneliness epidemic in the United States. Through their ability to provide personalized, empathetic interactions, AI chatbots like Muah AI offer a valuable resource for emotional support. As we continue to navigate the challenges of social isolation, embracing innovative technologies like AI chatbots will be essential in fostering a more connected and compassionate society. Contact Details Muah AI Ashley Zhao love@muah.ai Company Website https://muah.ai

June 13, 2024 06:24 PM Eastern Daylight Time

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News Direct Digest of Content Published on AffiliateAvenue June 1 -12

News Direct

The following content was published on AffiliateAvenue from June 1 – 12: Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind? (Moneywise) Can You Guess How many Americans Successfully Retire with $1 Million Saved? The Percentage May Shock You. (Benzinga) The Best Bird Houses of 2024 (Amobeez) The Best Face Moisturizer with SPF of 2024 (Amobeez) The Best Lion's Mane Mushrooms of 2024 (Amobeez) 7 Best Plug-in Air Fresheners of 2024 (Amobeez) Best Hydration Mist Face Sprays of 2024 (Amobeez) Best Mini Blenders of 2024 (Amobeez) About Affiliate Avenue Affiliate Avenue is the newswire industry’s first and only affiliate marketing product that leverages the significant domain authority and traffic volume enjoyed by newsdirect.com to enable content marketing professionals and agencies to monetize content from in-demand market segments and categories. About News Direct News Direct is a technology-driven content distribution and amplification platform for PR, IR, corporate communications and marketing professionals. Our automated platform delivers a completely reimagined, modernized user experience for newswire users that has reshaped the industry landscape. Additionally, the company has expanded its offerings to include an array of technology-enhanced message amplification tools ranging from sponsored content to podcasting products, all from a single online destination. Contact Details News Direct Sales at News Direct +1 917-698-4131 sales@newsdirect.com Company Website http://www.newsdirect.com

June 13, 2024 01:45 PM Eastern Daylight Time

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Blockmate Ventures' Subsidiary Hivello announces partnerships to aid August Token Launch

Blockmate Ventures Inc

Blockmate Ventures CEO Justin Rosenberg joined Steve Darling from Proactive to announce the upcoming launch of a native token for Hivello's platform. This launch, set for August 30, 2024, will be supported by three new commercial partners and will provide essential utility within the Hivello DePIN platform. Rosenberg detailed the platform's development, highlighting the Hivello Windows app, which entered private beta in May. The app has already garnered significant interest, with over 20,000 users subscribing to the waitlist. The platform aims to simplify Web3 mining for novices, enabling them to utilize unused computing power to generate passive income. To ensure the successful promotion and launch of the token, Hivello has partnered with several renowned agencies. Luna PR, known for its expertise in Web3 and emerging technologies, will lead the promotional efforts. Technical growth will be supported by Winn.Solutions, while Forgd, an innovative agency, will contribute to the launch preparations. These strategic partnerships are poised to enhance the platform's reach and effectiveness as it approaches the highly anticipated token launch. With this strategic approach and strong support from leading agencies, Blockmate Ventures and Hivello Holdings are set to make a significant impact in the Web3 space, offering users a simplified and efficient way to engage in mining activities and generate passive income. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 13, 2024 12:28 PM Eastern Daylight Time

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Elon Musk Advocates For Argentinian Businesses

Benzinga

By Kyle Anthony, Benzinga When Elon Musk speaks, many people listen, and Argentina seems to be at the top of his mind these days. The Telsa (NASDAQ: TSLA) and SpaceX CEO and the president of Argentina, Javier Milei, have quickly become fast friends, with Musk endorsing the economic actions being pursued by the Argentinian government. Argentina, a nation that has been plagued with hyperinflation and indebtedness, wants to reinvigorate the economy under the Milei presidency, with capitalism and economic rejuvenation being the nation’s new goal. Advocating For Argentinian Enterprise President Milei’s belief in free market enterprise capitalism was a rallying point throughout his campaign and is arguably the cornerstone of his presidency. In his recent speech at the Milken Institute's Global Conference in Beverly Hills, President Milei expressed his belief that Argentina can play a greater role in the global economy, and he encouraged an audience of U.S. investors, business leaders and economists to take advantage of the diverse investment opportunities in the country. Lithium is an example of such an opportunity, as Argentina is the fastest-growing lithium-producing nation and is on track to become the world’s third-largest player by 2027. When President Milei and Elon Musk met for the first time at Tesla's headquarters in Austin, Texas, this year, they discussed investment opportunities for Tesla in lithium, a metal used for electric vehicle (EV) batteries. The encounter was "love at first sight," as described by Gerardo Werthein, Argentina's future ambassador to the U.S., who also attended the tour. "We're very committed not only to exporting raw materials but also to adding value," Werthein said, further adding that Musk "wants to help Argentina." Milei and Musk also reportedly agreed to hold "a large event soon in Argentina to promote the ideas of freedom," with Musk set as a keynote speaker. Musk was a vocal supporter of Milei's goal of deregulating Argentina's economy and ending the fiscal deficit. When Milei was elected president, Musk celebrated his victory with a congratulatory phone call. The Impact Of President Milei’s Macroeconomic Policies President Javier Milei has implemented austerity measures and deregulation in a bid to rejuvenate Argentina’s ailing economy. As Associated Press reported, Argentina’s inflation rate has been on a downward trajectory, though it remains one of the highest globally. From a currency perspective, President Milei has consistently advocated for the replacement of the Argentinian peso with the U.S. dollar. The extensive economic cutbacks by the new government have been well-received by the nation’s creditors and the market. This sentiment was reflected in the International Monetary Fund's (IMF) decision to release the latest tranche of loans under a bailout program. The IMF's approval, following its review of Argentina’s compliance record, ensures that the next $792 million payment will be available to the government in June this year. Gaucho Group Holdings Supports Strong Investment In Argentina The Argentinian business community has welcomed the vocal support of business leaders such as Elon Musk, as it brings newfound attention to the economy. Gaucho Group Holdings (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate and leather goods and accessories, appreciates the support Argentina is receiving from international business leaders and the actions being implemented by President Milei. As a company deeply committed to Argentina's luxury market, Gaucho Holdings offers a diversified avenue for participating in the growth of Argentine assets. The company's mission is to become the Louis Vuitton Moet Hennessy (LVMH) of South America, a global luxury goods and experiences company, and to position Buenos Aires among the popular luxury lifestyle cities. When consumers think about luxury items, qualities such as exclusivity, timelessness and desirability often come to mind, and said qualities appeal to business leaders and investors seeking assets that can appreciate in value over varying market cycles alike. As noted in the most recent Bain & Company and Altagamma’s 2024 spring luxury study, the personal luxury goods market reached a market value of €1.5 trillion globally in 2023, an 8 to 10% growth over 2022. Recently, Gaucho Holdings launched Gaucho Open Asset Lending (GOAL), a new mortgage lending division. GOAL is intended to serve as the company’s self-financing option for buyers of its unique luxury vineyard real estate project, Algodon Wine Estates in Argentina, and potentially beyond. The company estimates that the potential revenue from the sale of these vineyard lots could be approximately $80-$100 million, excluding any future appreciation. Gaucho Holdings envisions GOAL as a direct-to-consumer lender in the future, providing innovative mortgage and lending solutions to Argentinians who cannot access traditional financing options that are largely unavailable to the public. Riding The Wave With Argentina Business leaders and renowned international entities, like Elon Musk, are noticing the changes occurring within the Argentinian economy, with many perceiving them as necessary and positive steps for a fruitful economic future. Gaucho Group Holdings believes that the recent endorsements by global business leaders provide a substantial foundation for future investments in Argentina. The company says it will continue to focus on expanding its real estate portfolio in the region, leveraging the improving economic landscape to enhance shareholder value and enrich the local community. Featured photo by Angelica Reyes 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 13, 2024 08:35 AM Eastern Daylight Time

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