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Nanonets Raises $29M from Accel to create Autonomous AI Agent for back office operations

Nanonets

Nanonets, a leading AI-based workflow automation platform, raised $29 million in a Series B funding round led by Accel. The funding round also saw participation from existing investors Elevation Capital, YCombinator and others. This takes the total funding raised till date to $42M. Over the last 2 years, Nanonets has seen extensive growth in their customer base, with over 34% of the Global Fortune 500 companies having used their AI-based workflow automation platform across Finance, Accounting, Operations and several other business use-cases. Their user base has grown 4x in the last 12 months. "The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms. Email, PDF contracts, whitepapers, etc. There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it” said Sarthak Jain, CEO and Co-Founder of Nanonets. A majority of Nanonets’ revenue comes from automating finance processes such as Accounts Payable, Reconciliation, etc. A typical invoice takes 15 minutes to process manually, with processes such as entering an invoice into the ERP, matching against the purchase order, GL-code lookup followed by approvals; Nanonets brings this down to under a minute. Nanonets’ primary innovation is their ability to guarantee Straight Through Processing (STP), the percentage of data processed without any manual intervention. Other Generative LLMs tend to struggle with STP due to data hallucinations, hindering the large-scale adoption of Autonomous Agents for end-to-end tasks. The Turing test has evolved from humans being unable to differentiate an AI in conversation to humans being unable to differentiate an AI in performing tasks. Nanonets' Autonomous agents excel at performing tasks end-to-end. Additionally, their models, unlike other LLMs, learn instantly from new information, eliminating the need for complex training. Processing millions of documents monthly, Nanonets delivers over 90% STP rate, leading to significant productivity and cost savings. Abhinav Chaturvedi, partner at Accel, said, “We are thrilled to partner with Nanonets in their mission to revolutionize back-office operations with AI. Sarthak and his team have been dedicated to getting to the bottom of customer pain-points, and have built a powerful solution that fully automates business processes end-to-end. Nanonets stood out to us due to its comprehensive platform and its capability for Straight Through Processing (STP)- these qualities set Nanonets apart in the field of automation and have already demonstrated their positive impact to customers." About Nanonets Nanonets is a leading provider of intelligent automation solutions, revolutionizing business processes across industries. With a no-code platform and learnable decision engines, Nanonets enables organizations to make faster decisions and achieve unprecedented efficiency. Founded by Sarthak Jain and Prathamesh Juvatkar in 2017, Nanonets is headquartered in San Francisco. Learn more at https://nanonets.com About Accel Accel is a global venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Investing in India for more than a decade, they have been the first, or among the earliest partners to many category-defining startups such as: Acko, Blackbuck, BrowserStack, Chargebee, CultFit, FalconX, Infra.Market, Moglix, Spinny, Swiggy, UrbanCompany, Zetwerk, and others. Accel helps ambitious entrepreneurs build innovative and durable businesses. More at https://www.accel.com/india-home Contact Details Nanonets Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://nanonets.com/

March 12, 2024 09:00 AM Eastern Daylight Time

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New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Benzinga

By Faith Ashmore, Benzinga The technology of Hollywood may finally be catching up to real life in another area. In the realm of electric vehicles (EVs), electric Vertical Take-Off and Landing (eVTOL) aircraft have gotten some attention from the press, the public and investors. From large international majors like Hyundai (OTCMKTS: HYMTF) to newer eVTOL companies like New Horizon Aircraft (NASDAQ: HOVR) (“Horizon Aircraft”), eVTOLs may be the way of the future. With population growth and urbanization on the rise, traffic congestion is becoming a pressing concern for citizens and city planners alike. A recent study conducted in the U.S., France, Germany and the U.K. reveals that road congestion results in up to $200 billion in lost productivity annually. Governments are also racing to transition away from gasoline-powered vehicles that contribute to global emissions and climate change. Advanced Air Mobility (AAM) offers a cost-effective, environmentally friendly and safer way to travel, presenting a disruptive alternative to traditional air travel and cargo systems. eVTOLs are among the solutions for the future. Horizon Aircraft is working on its prototype eVTOL, the Cavorite X7, which is designed for longer-range regional passenger, cargo and special missions. Their 50%-scale prototype has already successfully demonstrated hover flight and the company believes it may complete a successful transition flight before the end of Q1 of 2024. One of the key aspects that sets Horizon Aircraft apart from competitors like Joby Aviation (NYSE: JOBY) and Lilium NV (NASDAQ: LILM) is that it prides itself on the expertise of its team, comprised of professionals with extensive backgrounds in the aviation industry. Led by a highly skilled former fighter pilot, the company leverages collective knowledge gained from years of military and commercial aviation experience. The rest of the team at Horizon Aircraft consists of a group of engineers, pilots and business specialists who are committed to pushing the boundaries of regional transportation. The company is also vertically integrated; all of its composite manufacturing, 3D printed advanced carbon fiber thermoplastics, custom electronics, control systems and more are completed in-house. The company boasts that its product takes off and lands like a helicopter but has the capacity to fly almost twice as fast with lower operating costs. Unlike most of its competitors, Horizon’s Cavorite X7 uses a hybrid electric power system that should enable a top speed of 450 km/h, carrying 1,500 lbs of useful load for more than 800 km. A recent report by Morgan Stanley predicts that AAM will encompass a total addressable market of $1.5 trillion by 2040. “The intersection of many technologies, such as ultra-efficient batteries, autonomous systems, and advanced manufacturing processes are spawning a flurry of activity in this space," shared Adam Jonas, Head of Morgan Stanley's Global Auto and Shared Mobility research team. Horizon Aircraft also recently published a global study that showed an overwhelming majority (96%) of professional investors recognize the increasing global demand for improved transportation systems, coupled with the imperative to reduce the environmental footprint resulting from increased road congestion. The study’s findings included that investors also believe the advancements in technology that demonstrate the safety and feasibility of eVTOL aircraft will catalyze movement in the regulatory landscape and attract substantial investments to the sector within the next five years. Horizon Aircraft is looking to capitalize on these markets. Brandon Robinson, CEO of Horizon Aircraft, shared, "Private equity, venture capital and family office investors have been closely monitoring the Advanced Air Mobility sector for some time, but are now seeing an acceleration towards the launch of the first commercial eVTOL passenger routes. The sector has already attracted significant investment, and we anticipate that this will only increase as ongoing developments in technology provide new investment opportunities in this rapidly expanding market that has the potential to revolutionize transportation." Featured photo courtesy of Horizon Aircraft. 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

March 12, 2024 08:25 AM Eastern Daylight Time

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News Release

VSBLTY to Launch AI-Driven Retail Solutions Powered by Qualcomm

VSBLTY Groupe Technologies Corp.

Philadelphia, PA – TheNewswire - March 12, 2024 –VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS) ( “ VSBLTY ”), a leading AI software provider of security and retail analytics technology, is launching a retail solutions suite utilizing enhanced computer vision solutions that are powered by the Qualcomm® QRB5165 platform. “Using the QRB5165 platform and VSBLTY’s suite of computer vision software we are creating solutions that will soon answer many of retails’ common challenges,” according to VSBLTY Co-founder & CEO Jay Hutton. “Our development teams have been aligning to optimize our solutions for Qualcomm Technologies’ platform to enable customer analytics and personalized digital signage. This has expedited the validation of the QRB5165 platform within demanding edge use cases in retail.” “We are excited about the introduction of VSBLTY’s new retail solutions suite powered by the QRB5165 platform,” explained Art Miller, VP of Business Development & Global Head of Retail IoT, Qualcomm Technologies, Inc. “We believe that Qualcomm Technologies’ solutions for computer vision are particularly well-suited for small footprint environments, and utilizing VSBLTY’s retail solution suite can address legacy issues in retail including inventory management and visibility to sales trajectory.” VSBLTY also announces a change in the role of Executive Chairman of the Board from Luiz Barros to Amin Shahidi, who will take on the role on an interim basis. Luiz Barros will transition to the role of Strategic Advisor at VSBLTY and undertake a new full-time leadership position and partner with an external company. Amin, a five-year member of the BOD brings extensive retail and security experience particularly in strategic planning and M&A from his 35-year career including a leadership role with Johnson Controls and their retail focused sub Sensormatic and its 200+ portfolio of retail clients. Amin most recently managed the contract negotiations with the lender for Winkel Media and the subsequent reduction of operating costs to achieve a projected 40% reduction in monthly operating costs which immediately brings Winkel to profitability. Amin commented, “I have been watching the VSBLTY team make enormous progress in both the retail and security sectors of their business over the past five years and am happy to play a role, along with the leadership team, which I respect very much, to help drive the business to profitability in 2024”. Investor Relations Harbor Access Jonathan Paterson, 475-477-9401 Jonathan.Paterson@Harbor-Access.com Graham Farrell, +1-416-842-9003 Graham.Farrell@Harbor - Access.com CONTACT: Linda Rosanio, 609-472-0877 lrosanio@vsblty.net About VSBLTY ( http://vsblty.net/ ) Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) ( “ VSBLTY ”) is the world leader in Artificial Intelligence and real time interpretation of what a CCTV and other cameras see. By utilizing facial recognition, age and gender, VSBLTY’s proprietary technology can effectively enhance retail brand engagement and measurement through customized ads on in-store digital displays at point of purchase in real time. This technology has been proven to increase brand sales by over 25%. The firm is also recognized for its leadership role in the growing “Store as a Medium” movement that enables brands to reach customers with paid media ads when and where buying decisions are being made while producing a new revenue stream for retailers. Most recently, VSBLTY has been building object recognition software to identify products by SKU, at the point of checkout, to integrate this capability into their retail media network offering to large CPG brands in Latin America. Using its proprietary AI software, VSBLTY has also developed a range of security products that include not only facial recognition but weapon recognition utilizing modern surveillance cameras and legacy CCTV cameras. VSBLTY has the capability to create a proactive security system rather than a reactive security system, providing early warning of threats that can save lives. CONTACT: Linda Rosanio, 609-472-0877 lrosanio@vsblty.net Qualcomm is a trademark or registered trademark of Qualcomm incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

March 12, 2024 08:01 AM Eastern Daylight Time

News Release

Revolutionizing Memory Care: Sensay Unveils AI-Powered Digital Replicas for Dementia Support and Beyond

Sensay

Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of its innovative platform designed to create autonomous lifelike AI Digital Replicas on-chain, marking a significant leap towards digital immortality. Leveraging cutting-edge technology, Sensay offers limitless potential in the digital age, empowering users to retain ownership and monetize their digital twins. A Bold Step for Dementia Patients and Beyond Starting with a focus on dementia patients and their families, Sensay aims to provide immediate social impact by offering lifelike digital replicas for memory preservation and companionship. This groundbreaking approach addresses the urgent needs of over 55 million individuals worldwide affected by dementia, providing comfort and continuity for patients and their loved ones. Sensay has over 25,000 beta users on its platform with more joining every day. Endless Possibilities with Digital Twins Beyond dementia care, Sensay's technology opens up a world of possibilities across various sectors, including education, healthcare, entertainment, and personal development. From preserving personal stories for generations to personalized learning and expert consultancy on demand, the potential applications are limitless. The team aims to revolutionize digital interaction by introducing a digital copy that can engage with gamers around the world 24/7 as a non-playable character (NPC), share skills and expertise with clients in any language, or serve as the ultimate personal assistant. This digital counterpart is designed to handle tasks such as taking introductory calls, booking restaurants, organizing travel, job hunting, and matchmaking, enhancing efficiency and connectivity in various aspects of life. Empowerment Through Tokenization As part of its mission to democratize technology, Sensay introduces the $SNSY token, enabling users to participate in the platform's economy. Token holders will have access to exclusive rewards, early access to developments, and the ability to use tokens within the Sensay ecosystem. The $SNSY token itself will act as a token of exchange between the Sensay Data Marketplace, its decentralized storage, and the autonomous Digital Replicas, therefore enabling users and owners of these Replicas to retain ownership and monetisation of their data. The $SNSY token is on the Ethereum Network, audited by Hacken and Hashlock, with a LayerZero OFT (Omnichain Fungible Token) for ease of deployment to L2s like Arbitrum in the near future. Partnerships and Public Sale Announcement Sensay is proud to announce upcoming partnerships with leading organizations like HypersignID, Fetch AI, Banyan (Filecoin), AIOZ, LayerZero, Solv.Care, HeyGen, ElevenLabs, NowPayments, and SingularityNET. These collaborations will further enhance the platform's capabilities and reach. The public sale of $SNSY tokens is scheduled to start on 19th March, running approximately for three weeks unless sold out sooner. To date, the Sensay project has been bootstrapped by its founders, meaning no VCs, Pre or Private Sales to affect the public sale price. The public sale will be conducted in collaboration with Gempad, Enjinstarter, Poolz Finance and Fjord Foundry. This marks an exciting phase of Sensay's journey, inviting investors and users to be part of a future where digital and physical realities converge. Digital Replication in Safe Hands Dan Thomson, Founder and CEO of Sensay, is at the forefront of the Digital Immortality movement, blending his visionary insights on digital replication with over seven years of experience in Web3 technology. An accomplished author on the subject, Thomson's entrepreneurial journey includes the foundation of multiple startups, showcasing his unwavering commitment to leveraging technology for the greater good. Under his leadership, Sensay embarks on a mission to unlock the limitless potential of humanity globally, harnessing the power of AI and blockchain to create meaningful and lasting legacies. Dan Thomson shares, "At Sensay, we're not just creating technology; we're weaving the fabric of a new digital era where every individual has the power to leave an indelible mark on the world. Our platform is a testament to the boundless possibilities that emerge when we envision our digital futures with empathy, innovation, and a deep commitment to societal impact." Sensay bridges the gap between Web2 and Web3, using decentralized infrastructure to power the next generation of AI Digital Replicas, keeping the power and opportunities of this amazing technology firmly in users' hands. Whilst in Beta, Sensay remains free to use and create replicas. About Sensay Sensay is revolutionizing the way we think about digital identity and legacy in the digital era. By creating on-chain verified autonomous digital replicas, Sensay is not just creating a technological solution; it's crafting a new paradigm for personal presence and legacy in the digital age. For more information, visit https://snsy.ai and engage with us on https://twitter.com/asksensay, https://t.me/asksensay and https://discord.gg/Rwhxny8TbP Contact Sensay: - Website: https://snsy.ai - Email: info@sensay.io - Documentation: https://docs.snsy.ai - Brand And Media Kit: https://docs.snsy.ai/branding-and-media - Social Media: @asksensay Users can try talking to Dan Thomson’s Digital Replica Today: https://sensay.io/replicas/dan Users can join Sensay in embracing the future of digital identity and legacy. Contact Details Sensay Dan Thomson dan@sensay.io

March 11, 2024 03:36 PM Eastern Daylight Time

News Release

ABOUND Energy Welcomes Mike Simpson, Former Alberta Assistant Deputy Minister of Energy, to Board of Directors, Enhancing Expertise in Green Technologies, and Government Relations

Abound Energy Inc.

VANCOUVER, BC – TheNewswire - March 11, 2024 - ABOUND Energy Inc. (“ ABOUND ” or the “ Company ”) ( CSE:ABND) (OTC:ZAIRF) (FSE:0E9) proudly announces the appointment of Mr. Mike Simpson to its Board of Directors. With a distinguished career spanning over two decades, Mr. Simpson brings invaluable expertise and a deep understanding of government relations, energy policies, and green technologies to Abound Energy. In his recent role as Assistant Deputy Minister at Alberta’s Department of Energy, Mr. Simpson led pivotal initiatives aimed at advancing the province's energy landscape. Notably, he oversaw the assessment of various clean technology projects and provided guidance to companies navigating the intricate regulatory and granting processes. Additionally, Mr. Simpson explored innovative avenues for the potential integration of these technologies within Alberta's oil and gas sector, fostering synergies between traditional energy practices and emerging sustainable solutions. Prior to his tenure at the Department of Energy, Mr. Simpson served as the Chief Operations Officer at the Canadian Energy Centre (CEC), where he played a pivotal role in overseeing the organization's operations to support the global demand for responsibly produced energy. His adept negotiation skills, coupled with a keen understanding of complex energy landscapes, will be instrumental in navigating challenges and driving ABOUND towards its objectives of enabling global energy sustainability. Mr. Simpson’s knowledge will be indispensable to ABOUND in fostering collaboration between the energy sector and governmental bodies, facilitating investment opportunities, and ensuring alignment with sustainable energy practices. Combined with his extensive experience in public affairs, regulatory compliance, and stakeholder management; gained during his tenure at CNRL and Devon Energy Canada, Mr. Simpson brings a wealth of knowledge to ABOUND Energy's board. His record of accomplishments in forging strong community relationships and advocating for environmentally responsible practices will undoubtedly bolster A BOUND’s commitment to sustainability and innovation. "The ongoing escalation in global energy demand underscores the paramount importance of Abound Energy's dedication to addressing this critical need. Serving on ABOUND's Board is a privilege, and I am honored to contribute my energy expertise and government insight. I have complete confidence in both the versatility of the Zaeras TM technology and ABOUND’s steadfast resolve to advancing the integration and resilience of green energy on the grid." As ABOUND Energy embarks on its mission to transform the energy landscape, Mr. Simpson's appointment underscores the Company's dedication to fostering strategic partnerships, driving innovation, and advancing sustainable energy solutions. "We are delighted to welcome Mike Simpson to ABOUND Energy's Board of Directors," said Keith Morlock, COO of ABOUND Energy. "His wealth of knowledge in energy policies and integration of innovative technologies will be invaluable, as ABOUND expands its presence in the energy sector and spearheads sustainable initiatives within the energy production industry, garnering support from various government entities at every level." About ABOUND Energy Inc. ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology. Our patented Zaeras™ long-duration energy storage technology, leveraging zinc-air chemistry, guarantees the storage and on-demand delivery of electricity without the limitations or environmental risks associated with current market leaders. About ABOUND’s Zaeras™ Technology Zaeras™ is precision-engineered to meet future energy requirements, with a specific emphasis on simplifying long-duration energy storage. Harnessing the potential of its multi-patented Zaeras™ technology, ABOUND is poised to facilitate the seamless integration of green energy sources into the grid. This is achieved by minimizing curtailment, bridging the gap between supply and demand, and efficiently integrating green energy into the grid. ABOUND's strategic initiatives encompass opportunities for peak demand reduction, leveraging time-of-use arbitrage, participating in value stacking programs, and entering the distributed long-duration energy storage sector. These endeavors are aligned with our central objective of increasing the integration and resiliency of green energy, while stabilizing the grid. Distinguished by its inherent safety—free from fire or explosion hazards—Zaeras™ guarantees sustained capacity over an extensive lifecycle. Simultaneously, it showcases versatility by independently managing charge and discharge operations. Comparable to other Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size of the fuel tank; a cost-effective solution, from kWh to MWh. This is a welcome alternative to the fixed power-to-energy ratio constraints ingrained in traditional systems, such as Li-ion and Zinc Hybrid Batteries. To learn more about ABOUND’s technology, please visit: https://Abound.Energy For more information please contact: Email: Investors@Abound.Energy Ph: +1 (672) 887-9688 Notice Regarding Forward Looking Statements This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result o f new information, future events, or results or otherwise.

March 11, 2024 09:01 AM Eastern Daylight Time

News Release

Four Stocks Set to Gain With The Rise of AI

SKYX, MBLY, SOUN, NVDA

Artificial intelligence (AI) continues its dominance in the markets, propelling tech stocks to unprecedented heights and captivating the attention of investors, media, and government alike. As we transition into 2024, the allure of AI remains unyielding, with companies steadfastly positioning themselves to harness the immense growth potential of this revolutionary technology. The surge of investments in generative AI and AI-related startups, totaling close to $50 billion, underscores the growing enthusiasm for AI and its myriad applications in modern society. From OpenAI's ChatGPT AI chatbot to GitHub's Copilot AI code generation software and Google's Gemini AI model, the world has witnessed remarkable advances in AI technology, reshaping industries and challenging traditional paradigms. Indeed, artificial intelligence, automation, and robotics are disrupting virtually every sector, compelling companies to embrace AI-driven solutions or risk obsolescence. Machine learning, large language models, smart applications, digital assistants, synthetic media software, and autonomous vehicles represent just a glimpse of the transformative power of AI. As we navigate the evolving landscape of AI, it's clear that companies with AI and automation at the core of their business strategies are poised to thrive in the age of digital disruption. Let’s check out four stocks poised to gain from the rise of AI. SKYX Platforms Corp. (NASDAQ: SKYX) is at the forefront of integrating advanced technology into everyday living spaces, aiming to make homes and buildings safer, smarter, and more efficient. With a robust portfolio of 77 U.S. and global patents and patent-pending applications, SKYX boasts a comprehensive suite of platform technologies designed to revolutionize the way we interact with our environments. The cornerstone of SKYX's innovation lies in its commitment to high-quality and user-friendly designs, spanning various domains from lighting to home décor. In September 2023, SKYX achieved a significant milestone with the issuance of five new utility patents in the U.S. and international markets, solidifying its position as a trailblazer in advanced and smart technologies. One of SKYX's most notable achievements is its initiative to standardize safety with the National Electrical Code (NEC), revolutionizing electrical installations and enhancing overall safety standards. Spearheaded by industry leaders Mark Earley and Eric Jacobson, SKYX's code team is dedicated to mitigating hazards and ensuring unparalleled safety across residential and commercial environments. Financially robust, SKYX boasts $23.7 million in cash, cash equivalents, restricted cash, and investments, providing a solid foundation for growth and innovation as of June 30, 2023. The renewal of a five-year global licensing master service agreement with GE Technology Development, Inc. further amplifies SKYX's reach and influence in the industry, enabling effective monetization of its technologies while safeguarding intellectual property rights. At CES 2024, SKYX unveiled its patented All-In-One Smart Platform, a groundbreaking solution designed to transform homes into smart living environments seamlessly. This comprehensive platform integrates scheduling, energy-saving modes, and emergency functionalities, offering unparalleled convenience and efficiency. In addition to its technological advancements, SKYX's commitment to safety and innovation extends to its proprietary patented platform technologies for smart home and electrical installations. Notably, SKYX’s Sky Plug-Smart technology revolutionizes electrical installations with its "plug and play" installation of weight-bearing electronics, significantly simplifying and enhancing safety standards. The inclusion of the Sky Ceiling Receptacle in the NEC Code Book marks a significant milestone, reinforcing SKYX's commitment to safety and innovation. The receptacle's unique design reduces potential exposure to wires and streamlines installation processes, setting a new standard for electrical installations. With endorsements from professional bodies like ANSI/NEMA and the American Institute of Architects, SKYX's proprietary technology is poised to become the new standard for home and building electrical installations. For investors seeking opportunities in AI and smart home technology, SKYX presents a compelling investment opportunity. Its disruptive technologies, strategic partnerships, and relentless pursuit of innovation position SKYX as a frontrunner in the smart living revolution, promising unparalleled safety, convenience, and efficiency for generations to come. Mobileye Global Inc. (NASDAQ: MBLY) is at the forefront of advanced driver assistance systems (ADAS) and autonomous driving solutions, positioning itself as a leader in the rapidly evolving automotive technology landscape. With its innovative Driver Assist and Cloud-Enhanced Driver Assist solutions, Mobileye sets the standard for safety and efficiency on the road. The company's SuperVision technology represents the pinnacle of ADAS, offering hands-off capabilities for lane changes, acceleration, deceleration, and point-to-point navigation in autonomous vehicles. Analyst Itay Michaeli of Citigroup projects a bullish outlook for Mobileye Global stock, with a potential triple to $72 per share. The company's profitability during the fourth quarter underscores its financial strength and ability to sustain growth amidst economic uncertainties. Mobileye's dominance in the ADAS market, controlling nearly 70% of global market share, makes it a compelling investment opportunity for AI enthusiasts. Its cutting-edge systems leverage cameras, sensors, and proprietary EyeQ computer vision chips to deliver assisted parking, single-lane cruising, and other semi-autonomous features to vehicles. The latest SuperVision release boasts impressive figures, with 4Q23 revenues reaching $637 million, representing a 13% year-over-year growth. Notably, Mobileye successfully diversified its revenue streams across a wide range of OEMs and geographic regions, signaling robust market penetration and demand for its technologies. While Mobileye's innovative solutions and strong financial performance position it for long-term success, potential economic headwinds pose challenges to achieving the $72 price target in 2024. Nevertheless, with its track record of technological innovation and market leadership, Mobileye Global Inc. remains a formidable player in shaping the future of autonomous driving and smart mobility. Investors keen on tapping into the burgeoning automotive technology sector may find Mobileye Global Inc. to be a compelling investment opportunity, offering exposure to the transformative potential of ADAS and autonomous driving technologies in the years ahead. SoundHound AI Inc (NASDAQ: SOUN) is a global leader in conversational intelligence, empowering businesses with innovative voice AI solutions that revolutionize customer interactions across various industries. With its proprietary technology, SoundHound delivers unparalleled speed and accuracy in multiple languages, catering to automotive, TV, IoT, and customer service sectors. Groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction redefine customer service standards, while SoundHound Chat AI integrates Generative AI to power millions of products and services worldwide. In its recent 8-K filing on February 29, 2024, SoundHound announced record-breaking Q4 revenue of $17.1 million, marking an impressive 80% increase year-over-year. Moreover, the company demonstrated a remarkable 80% improvement in adjusted EBITDA, showcasing its financial strength and operational prowess in the voice AI industry. Despite facing challenges reflected in net loss figures, SoundHound's strategic initiatives, including the integration of new generative AI capabilities and the acquisition of SYNQ3, position it as a dominant force in the market. The company's relentless investments in research and development, alongside robust sales and marketing efforts, underscore its commitment to innovation and market expansion. Looking ahead, SoundHound anticipates continued growth, projecting full-year 2024 revenue to range between $63 to $77 million, with a midpoint target of $70 million. With an ambitious 2025 outlook, SoundHound aims to exceed $100 million in revenue while achieving positive adjusted EBITDA, reflecting CEO Keyvan Mohajer's confidence in the company's trajectory. CFO Nitesh Sharan emphasizes SoundHound's strong finish to the year and readiness to meet surging customer demand for AI solutions. SoundHound AI Inc's commitment to innovation and delivering real commercial value positions it as a frontrunner in shaping the future of conversational intelligence. NVIDIA (NASDAQ: NVDA) stands as a trailblazer in accelerated computing, reshaping industries since its inception in 1993. The company's groundbreaking invention of the GPU in 1999 revolutionized PC gaming, redefined computer graphics, and ushered in the era of modern AI, fueling industrial digitalization across markets. In recent years, NVIDIA has emerged as the poster child for AI, experiencing a remarkable surge in its stock price, which has soared by 260% since last March. With an estimated 90% market share in AI chips, NVIDIA has cemented its position as a leader in the field. The increased demand for AI services has propelled the sales of NVIDIA's GPUs, essential for training AI models. As a result, the company has experienced substantial growth, with revenue soaring by 265% year over year to $22 billion in the fourth quarter of 2024. Operating income witnessed a staggering 983% jump, reaching nearly $14 billion, fueled by a remarkable 409% increase in data center revenue, reflecting a surge in AI GPU sales. NVIDIA's impressive performance speaks volumes about its dominance in the AI landscape and its ability to capitalize on the growing demand for GPU-accelerated computing. As the demand for AI services continues to rise across various industries, NVIDIA remains well-positioned to drive innovation and shape the future of accelerated computing. CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by SKYX Platforms Corp. to assist in the production and distribution of content related to SKYX. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://CapitalGainsReport.com

March 11, 2024 05:00 AM Eastern Daylight Time

How AI Could Revolutionize the $25 Billion Property Management Industry

MarketJar

As artificial intelligence (AI) quickly transforms entire sectors, one $25 billion industry is lagging behind. In a world where you can do almost everything with the tap of a button on your phone —order food, call an Uber, make dinner reservations, preheat your oven and even buy a car—the property management industry is stuck in the past and still relying heavily on paper-based transactions, cheque payments, manual amenity bookings, home walk-throughs with clipboard checklists and more. The lack of innovation is not only inefficient, it can be very costly. It also doesn’t fit in with shifting industry dynamics. More and more people are opting to rent instead of buy property and a record number of rental homes and communities are being built across the nation to meet rising demand., Clearly, the need for a streamlined approach that connects the industry from construction to leasing to property management is essential. AI can tap into data on properties, communities, tenants, and markets to tailor tools for property management-specific tasks, like screening tenants, maintenance calendars, collecting rent payments, managing common areas and writing listings. The implementation of AI can also lead to new ways for property managers and developers to make money. According to McKinsey Global Institute, AI could create $110 billion to $180 billion in value for the industry. It could also help companies gain 10% or more in net operating income through more efficient operating models, tenant retention, stronger customer experience, smarter asset selection, and new revenue streams. The problem is, it’s not just about plugging in a technology solution and expecting miracles. Property management companies are quickly learning that applying AI effectively requires a careful approach. It's about aligning the technology closely with business goals to truly unlock its value. As AI development progresses, more tools are being developed that cater to the property management market. That’s where Tribe Property Technologies (TSXV:TRBE) (OTCQB:TRPTF) comes into play. Unlike other companies that offer piecemeal solutions, Tribe Property Technologies offers a full suite of tech-elevated property management solutions that cover everything from pre-construction to post-occupancy. One of these innovative solutions is an AI-powered reporting tool that provides property managers with enhanced reporting and benchmarking capabilities. Tribe simply needs to enter a building’s address and its historical maintenance documents, and its AI will generate a comprehensive report on the building’s past and present issues, insurance information, repair and maintenance expenses, and other details that can empower the condo boards, strata councils and community managers to better understand the operational and financial health of their building. The managers can then optimize forward-looking planning and work to reduce their property’s operational costs. Tribe Makes it Easy to Build, Manage, and Live in Residential Communities Tribe Property Technologies (TSXV:TRBE) (OTCQB:TRPTF) is offering one of the most comprehensive and innovative solutions to an industry in desperate need of change. Tribe offers a range of services and tools tailored to different stakeholders, including Stratas & HomeOwners Associations, (or HOAs), building developers, owners, landlords, and property managers. These tools include council voting tools, AI-powered building health reports, easy payment systems, and more, all aimed at improving efficiency and enhancing the overall living experience. This all-encompassing approach not only cuts customer acquisition costs and improves retention but also enables seamless integration of value-added products and services within the platform. By offering end-to-end solutions for all community living stakeholders, Tribe Property Technologies has established multiple revenue streams. With a focus on market penetration, Tribe has achieved rapid revenue growth and a leading market position, ranking #45 in Canada on the Deloitte Technology Fast 50™ after achieving 361% revenue growth between 2019 and 2022. Backed by an experienced, multi-disciplinary management team, Tribe has a proven aggressive M&A strategy, with plans to expand in the Canadian and US markets. In December, Tribe Property Technologies completed the acquisition of Meritus Group Management, a property management company specializing in tech-driven solutions for condominium and multi-family residential communities. The acquisition expands Tribe’s footprint in Ontario, adding over 5,000 additional homes under its management, and boosts its bottom line. Tribe now manages over 45,000 homes across Canada, with expansion plans into the United States. But that’s just one of the deals in the company’s robust pipeline. Tribe Property has completed 12 acquisitions to date to improve profitability, with efforts focused on workflow optimizations, back-end service consolidation and other cost reduction initiatives. The company plans to continue its M&A growth strategy, focusing on targets that expand its technology and introduce Tribe to new geographical markets. Tribe 's focus on profitability has led to a 34% year-over-year improvement in Adjusted EBITDA in the third quarter of 2023. The company remains dedicated to delivering value to its shareholders and is committed to achieving significant milestones that will solidify its financial stability and maximize shareholder value. Tribe Property Technologies (TSXV:TRBE) (OTCQB:TRPTF) is well-positioned to disrupt the property management industry with its innovative approach, experienced team, and aggressive growth strategy. For further information on Tribe Property 's innovative solutions and projects, please visit https://tribetech.com/ Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Tribe Property Technologies Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Tribe Property Technologies’s Digital Marketing Agency of Record (Native Ads Inc.). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Tribe Property Technologies’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Tribe Property Technologies’s industry; (b) market opportunity; (c) Tribe Property Technologies’s business plans and strategies; (d) services that Tribe Property Technologies intends to offer; (e) Tribe Property Technologies’s milestone projections and targets; (f) Tribe Property Technologies’s expectations regarding receipt of approval for regulatory applications; (g) Tribe Property Technologies’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Tribe Property Technologies’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Tribe Property Technologies’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Tribe Property Technologies’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Tribe Property Technologies’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Tribe Property Technologies to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Tribe Property Technologies’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Tribe Property Technologies’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Tribe Property Technologies’s business operations (e) Tribe Property Technologies may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Tribe Property Technologies undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Tribe Property Technologies nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Tribe Property Technologies nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Tribe Property Technologies or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Tribe Property Technologies or such entities and are not necessarily indicative of future performance of Tribe Property Technologies or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

March 08, 2024 08:30 AM Eastern Standard Time

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News Release

4 Top Stocks For The AI Revolution

SKYX, MBLY, SOUN, NVDA

This year will be a pivotal year for the future of AI, as researchers and enterprises seek to establish how this evolutionary leap in technology can be most practically integrated into our everyday lives. With the growing popularity of consumer generative AI programs like Google’s Bard and OpenAI’s ChatGPT, the generative AI market is poised to explode, growing to $1.3 trillion over the next 10 years from a market size of just $40 billion in 2022, according to a new report by Bloomberg Intelligence (BI). For investors looking for unconventional opportunities in AI with the potential for long-term growth, one company that stands out is SKYX Platforms Corp. (NASDAQ:SKYX). The company is on an ambitious mission to make homes and buildings smart, advanced, and safe as the new standard by leveraging its proprietary patented platform technologies for smart home and electrical installations, including its new game-changing all-in-one smart home platform technology. SKYX’s smart home game-changing technologies have won seven CES awards (Consumer Electronic Shoe) in the past 12 months. SKYX’s disruptive high-end all-in-one smart platform enables new and existing homes or buildings to become smart instantly, while significantly simplifying, saving time-cost and lives. This is possible for the first time in history thanks to the firm's patented technology called Sky Plug-Smart, which is designed for “plug and play” installation of weight-bearing electronics such as light fixtures, ceiling fans, and other electrical products. The plug fits into SKYX’s ceiling receptacle, called the SKYreceptacle, which provides a novel way for home and building owners to wire electrical outlets. While it is not Nvidia’s new AI chips, this is revolutionary, and its unique location on the ceiling will maximize the performance of AI chips among other smart home integrated products and software. Base on its safety aspects for first time in 120 years, the definition of the electrical receptacle was changed in the NEC Code Book to include the Sky Ceiling Receptacle, and this could perhaps be the most significant addition to the NEC Code in the past 40 years. To put that in better context, consider this: Safety is a major area of concern when it comes to electrical and smart home installation, and existing data shows that the wiring of light fixtures and ceiling fans results in millions of hazardous annual installations. In fact, research conducted from 2015 to 2019 by the National Fire Protection Association (NFPA) showed that lighting products accounted for 430 civilian deaths per year, not including shocks and electrocutions, fires, and ladder falls. The sky receptacle creates a new electrical ceiling safety standard that limits potential exposure to wires by cutting down on 80% of the time needed to touch wires during the first installation and completely eliminating the need to touch outlet electrical wires after the first installation. It also saves approximately 90% of the time on a ladder. ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturing Association), whose recent vote to approve Sky’s Ceiling Receptacle Specifications further reaffirms the product’s potential to become a major disruption to the electrical installation industry. Additionally, the American Institute of Architects (AIA) voted to include SKYX in their annual mandatory continuing education systems course for 94,000 architect members as part of annual license renewal training. With all these professional bodies giving SKYX a nod of approval, it’s easy to see why its proprietary technology could become the new standard for home and building electrical installation and also instrumental in helping the company make inroads in AI. The SkyPlug and Receptacle are the foundations that create a platform for all fixture types and integration possibilities. Think smoke and carbon monoxide detectors, premium smart speakers, color-changing room ambiance and night lights, emergency internet, house intercom features, and more. All these products can then be linked to the SkyHome application that works with both iPhones and Android phones to control features and specifications of connected devices, such as scheduling and eco/energy-saving mode. It also integrates with AI home assistants Siri, Alexa, Google Home, Samsung SmartThings, Cortana, and more. Parks Associates research shows that in the US, internet households now own an average of 16 connected devices, an increase from 13 connected devices in 2021, and SKYX is well positioned to benefit from this trend. With this massive opportunity spanning every room, recent figures put the TAM at $500 billion in the US alone. This explains why GE Technology Development, Inc. ("GE") recently signed a five-year renewal global licensing master service agreement to license certain SKYX advanced and smart technologies in the U.S. and worldwide. Mobileye Global Inc. (NASDAQ:MBLY) offers best-in-class technology for advanced driver-assistance systems (ADAS) and is like the Nvidia of the automotive industry. The company controls nearly 70% of the world's advanced driver assistance system (ADAS) market, making it attract considerable attention from AI investors. Its systems use cameras, sensors, and Mobileye's own EyeQ computer vision chips to add assisted parking, single-lane cruising, and other semi-autonomous features to cars. The newest "SuperVision" version of its system supports hands-free navigation capabilities and the future development of fully autonomous vehicles. Mobileye recently released the 4Q23 results with a number of interesting highlights. The results were mostly in line with prior guidance, as the top line grew 13% from the prior year to $637 million, which was at the high end of its preliminary revenue guidance, while total adjusted operating income came in at $247 million, or 38.8% margins, which was also at the high end of its preliminary guidance of $241 million–$247 million. Unsurprisingly, SuperVision volumes in 4Q23 came in at 38,000 units, up from 29,000 in 3Q23, but what perhaps stood out the most was that Mobileye managed to significantly diversify its revenues from predominantly Chinese and electric vehicle customers to a wide range of OEMs in terms of geography. SoundHound AI (NASDAQ:SOUN) initially targeted music recognition before leveraging its capabilities to expand into adjacent verticals. The company now believes that AI-driven customer service will be essential for every business in the future and that voice will be the primary means of interacting with devices. To better illustrate this opportunity, a recent report revealed that Klarna’s AI assistant was reportedly able to handle two-thirds of customer queries in its first month, the equivalent of 700 full-time agents, with preliminary estimates indicating that this could lead to a $40 million cost savings in 2024. Taking the recent popularity of voice assistants with conversational abilities into consideration, the company’s December acquisition of SYNQ3, a leading voice AI solutions provider in the restaurant industry, ties well with SoundHound’s long-term AI strategy and should further drive revenue growth. Major companies in the restaurant and automotive industries have already shown increasing interest in SoundHound's artificial intelligence (AI) powered voice technology. In fact, the company reported revenue growth of 80% year over year in Q4 23, an acceleration over the previous quarter's 19% growth rate, while it posted a gross margin of 77% in the period, up from 71% in the prior-year period. Despite the recent pullback in SoundHound’s stock, the company's share price is still up roughly 183% in 2024 following soaring demand for the company's AI voice solutions, in addition to the news that AI chip leader Nvidia made a small investment in the company. Nvidia (NASDAQ:NVDA) is the leading maker of chips that power one of the most important aspects in the field of AI, which is deep learning. To effectively do this, speed is crucial, and that's where Nvidia's chips come in. The company's graphics processing units (GPUs) are the fastest on the market by far, making them the preferred choice for the world's major technology companies that are building AI models. For example, earlier this month, Meta CEO Mark Zuckerberg told The Verge that Meta was building a huge stockpile of GPUs, with the company aiming to amass a total of 600,000 chips by the end of the year. Elon Musk said that Tesla would spend more than $500 million on Nvidia AI chips alone in 2024, and while that obviously looks like a large sum of money, it is only equivalent to a $10,000 H100 system from Nvidia. Thanks to this unbelievable GPU demand, Nvidia's growth has been phenomenal. The company grew its revenue by an incredible 265% in Q4 to $22.1 billion, with Data Center revenue soaring 409% to $18.4 billion. Late last month, Nvidia became the fifth publicly traded company to ever surpass $2 trillion in valuation, just nine months after it became the ninth to ever break $1 trillion. CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by SKYX Platforms Corp. to assist in the production and distribution of content related to SKYX. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com

March 08, 2024 05:00 AM Eastern Standard Time

Roughly Half of Nations That Invest in AI Develop Their Own Generative Models, Reveals the First Global GenAI Landscape

AIport

AIport, an online community dedicated to covering the latest international ML developments, has crafted the first volume of its Global Generative AI Landscape 2024. This initial edition examines notable GenAI players worldwide across several key categories. This is the first generative AI landscape analysis to emphasize regional attributes and encompass four times more nations than the average GenAI landscape available to the public. The research process involved examining all 62 countries invested in the AI market, as featured in the Global AI Index by Tortoise. In-house model developers were identified, filtered by the team of editors and data scientists, and subsequently cross-referenced with current GenAI landscapes from Sequoia Capital, Antler, Base10, and others, before being segmented into ten GenAI categories. As the final step, the data was divided into continental regions: North America, South America, Europe, Asia, Oceania, and Africa. The first volume of the global GenAI landscape from AIport aims to present a balanced view of international companies, encompassing not only Western firms, but also those from other regions. The landscape offers a comprehensive analysis, detailing which players are developing GenAI solutions, their locations, and the specific nature of their contributions. It contains a total of 128 generative models from 107 companies. As Avi Chawla, a data scientist and community manager at AIport, put it: “We noticed that many generative AI landscapes tend to focus either on the Silicon Valley giants or the tech powerhouses of Europe, covering no more than 10 countries on average. While this approach does serve its purpose, it can’t really offer a complete picture. To address this, we decided to dig deeper, and this is what we came up with after weeks of research. We believe Volume 1 of our Global Generative AI Landscape 2024 provides an objectively international outlook. And we’re also planning to delve into other aspects of GenAI more closely in the future.” The landscape and key highlights Of the 62 countries listed in the Global AI Index, only 35 develop their GenAI solutions in-house. Roughly 90% of them focus on one model type. Regional leaders by the number of active GenAI companies are North America – USA; South America – Argentina; Europe – UK and France; Asia – China and Israel; Oceania – Australia and New Zealand; Africa – South Africa. The average number of GenAI models per company is the highest in North America, being the only region to have at least one model from each of the 10 model categories. Approximately 10% of all companies covered in the study have implemented multimodality in their GenAI models, with a majority of these developers located in the US. This indicates that while multimodality represents an emerging trend, its adoption outside North America still remains in the nascent stages. A total of 11 companies worldwide have developed more than one type of GenAI model. Stability AI leads with five distinct GenAI model types (image, video, audio, 3D, and code), followed closely by OpenAI (chatbot, audio, video, and multimodal) and Google (text, image, audio, and multimodal) – both with four model types. Microsoft, Meta, Tencent, Baidu, and Yandex are among those companies that developed between two to three types of distinct GenAI models. 13 companies have developed multiple models within a single GenAI category. AssemblyAI has two speech-to-text models, MosaicML offers two iterations of its MPT for code generation, while IPOXCap has introduced two chatbots designed for business intelligence applications. About AIport AIport is an online community of AI writers, researchers, and data scientists that aims to provide a transnational perspective on AI. Recognizing that most ML-related publications primarily focus on the “big leagues” in the West, AIport seeks to be more inclusive by widening the angle and broadening the narrative. This approach ensures a more diverse and impartial representation, offering a well-rounded take to the global AI community. Contact Details NettResults LLC Nick Leighton +1 949-478-5880 nick.leighton@nettresultsllc.com Company Website https://aiport.substack.com/

March 07, 2024 10:22 AM Pacific Standard Time

air+djibouti

Nanonets Raises $29M from Accel to create Autonomous AI Agent for back office operations

New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

VSBLTY to Launch AI-Driven Retail Solutions Powered by Qualcomm

Revolutionizing Memory Care: Sensay Unveils AI-Powered Digital Replicas for Dementia Support and Beyond

ABOUND Energy Welcomes Mike Simpson, Former Alberta Assistant Deputy Minister of Energy, to Board of Directors, Enhancing Expertise in Green Technologies, and Government Relations

Four Stocks Set to Gain With The Rise of AI

How AI Could Revolutionize the $25 Billion Property Management Industry

4 Top Stocks For The AI Revolution

Roughly Half of Nations That Invest in AI Develop Their Own Generative Models, Reveals the First Global GenAI Landscape