Tag: operating

13
Oct
2020
Posted in software

BlackSwan Technologies Launches World’s First AI Operating System, Raises $28 Million in Funding to Pioneer Next Generation of Enterprise Software

Groundbreaking AI Software Highlighted by Gartner As “Bringing AI Closer to Human Learning and Intelligence”  

Company’s Stealth Mode Successes Include Tens of Millions in Revenue, Long-Term Contracts & Partnerships with the World’s Largest Consultancies & Fortune 500 Clients

BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated tens of millions of dollars in revenue through multi-year contracts with many leading businesses. The company has also established a groundbreaking partnership with Deloitte to provide leading global banks an AI-powered platform that is already proven to increase revenue and drive efficiencies.

BlackSwan Technologies was recently recognized in Gartner’s 2020 Hype Cycle for Emerging Technologies report as a pioneer in “bringing AI closer to human learning and intelligence.” The company’s signature Platform as a Service (PaaS), ELEMENT, accomplishes this by combining multiple AI technologies — including machine learning, natural language processing, deep learning, neural network and data operation facilities — into a single platform.

Unlike other enterprise AI offerings, ELEMENT does not require well-organized data sets, countless hours of data normalization or technical in-house expertise to implement. ELEMENT’s Low code/No code, cloud-agnostic system includes several advanced enterprise applications including for Risk Management, Compliance, Lead Generation, Personalization and Market Intelligence. The platform also allows users to build enterprise applications up to 60 times faster and at a fraction of the cost of market alternatives. ELEMENT is designed to continuously learn and evolve with the enterprise and has a completely customizable structure with a simple, drag-and-drop interface, democratizing the development and execution of large, industrial enterprise applications.

“We believe this represents a

08
Oct
2020
Posted in technology

‘Sports D3’ (D-Cubed Ventures OU) Digital Assets Exchange Secures Operating License in the EU

‘Sports D3’ (D-Cubed Ventures OU)

'Sports D3' (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)

TALLINN, Estonia, Oct. 08, 2020 (GLOBE NEWSWIRE) — ‘Sports D³’ (D-Cubed Ventures OU), a tokenization platform and digital assets exchange for the global sports industry, is pleased to announce that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia.

‘Sports D³’ provides professional sports teams with an innovative alternative to raising funds by facilitating crowd-formation of capital on its DLT-powered platform, where clubs are able to digitize, securitize and sell their assets to fan-investors in the form of Security Token Offerings (STO).

With the approval of a Virtual Currency Exchange and a Virtual Currency Wallet License, ‘Sports D³’ is now a fully regulated digital assets exchange, with the capability to deliver its solutions to sports clubs and their fans in 27 European jurisdictions. This milestone marks the next step in ‘Sports D³’ development and paves the way for securing the financial intermediary status and expanding into other continents.

Gene Swinton, Founder & CEO of ‘Sports D³’ said: “There are over 400 million football fans in Europe, who are not only among the most devoted fans in the world but who also happen to score higher in their ability to invest. We are delighted to be granted this license, as it will provide fan-investors with a simple, low-cost, fiat-to-crypto ON-ramp and enable their investment activities on the SD³ platform”.

“We will continue on our mission to democratize finances in the global sports industry, starting with the European football space. By providing professional football clubs in Europe with access to capital crowd-sourced from millions of fan-investors, SD³ heralds a new era for crowd-capital and its prominent role in the development of football,” concluded Mr. Swinton.

To learn more about the ‘Sports

07
Oct
2020
Posted in technology

Samsung Flags Near-60% Operating Profit Jump After Huawei Boost

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

James Kang, senior analyst at Euromonitor International Korea, said Samsung’s rollout of its latest premium handset devices — the Galaxy Note 20 and the Galaxy Z Fold 2 — in August, coupled with strong sales of mid-range phones, led the firm’s third-quarter performance.

A Washington ban on foreign companies providing Huawei with US-origin technology, that came into effect on September 15 — cutting off essential supplies of semiconductors and software needed for making smartphones and 5G equipment — also provided a boost.

Kang Min-soo, an analyst at Counterpoint Research, said US sanctions against Huawei were becoming “a big factor” affecting the global smartphone market.

“For Samsung, it will be a good opportunity to increase market share in Europe, where it has been competing with Huawei in various price bands,” he added.

The firm’s memory business also benefited from the feud after Huawei rushed to stock up on Samsung-made semiconductors before the US restrictions kicked in.

“Huawei has stocked about

07
Oct
2020
Posted in technology

Samsung Electronics Flags 58.1% Jump In Q3 Operating Profit

Samsung Electronics flagged a nearly 60 percent rise in third-quarter operating profits Thursday, largely driven by strong smartphone sales boosted by US sanctions against its rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to be 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction was in line with analyst forecasts.

Samsung was projected to post around 10.3 trillion won ($8.9 billion) in third-quarter operating profit, according to market researcher FnGuide.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

Analysts say the firm’s strong third-quarter performance was largely led by its mobile business, which enjoyed a boost from US sanctions on Huawei.

A Washington ban on foreign companies providing Huawei with US-origin technology came into effect on September 15, cutting off essential supplies of semiconductors and software needed for making smartphones and 5G equipment.

Samsung Electronics is crucial to South Korea's economic health Samsung Electronics is crucial to South Korea’s economic health Photo: AFP / Jung Yeon-je

Kang Min-soo, an analyst at Counterpoint Research, said US sanctions against Huawei were becoming “a big factor” affecting the global smartphone market.

“For Samsung, it will be a good opportunity to increase market share in Europe, where it has been competing with Huawei in various price bands,” he added.

Looking forward, analysts said falling chip prices could put a damper on Samsung’s performance in the final quarter of the year.

Samsung is the world’s biggest manufacturer of memory chips and led the DRAM market with 43.5-percent share

04
Oct
2020
Posted in technology

London transport regulator strips Ola’s operating licence over public safety failings

By Rebekah Mathew

(Reuters) – London’s public transport authority stripped Indian ride-hailing company Ola of its London operating licence, saying that the taxi app was not “fit and proper” to hold one, having put passenger safety at risk.

Bengaluru-based Ola entered the London taxi market in February this year. The market is dominated by rivals including Uber <UBER.N>, Freenow and Bolt, and traditional black cab drivers who previously blocked streets in protest at what they see as a threat to their livelihoods.

Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed <9984.T> operator, a new London private hire vehicle (PHV) operator’s licence as it “cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety.”

TfL’s decision came days after Uber won a legal bid to restore its London operating licence, which was taken away over safety concerns, after a judge ruled that the company was a fit and proper operator despite “historical failings”.

TfL said it had discovered a number of failures in Ola’s operations, including breaches of its licensing regime, which led to unlicensed drivers and vehicles undertaking more than 1,000 passenger trips on the platform’s behalf.

Ola was also accused of failing to notify Tfl of the breaches when they were first identified.

“Ola can continue to operate pending the outcome of any appeal process”, TfL said, adding that Ola had 21 days to appeal against TfL’s decision.

In an emailed statement, Ola said it was working with TfL during the review period and “have sought to provide assurances and address the issues raised in an open and transparent manner”.

“Ola will take the opportunity to appeal this decision”, the company said, adding it would continue to operate as normal.