Press Release
Lyft Aspired to Kill Car Ownership. Now It Aims to Profit From It
Lyft customers know it as the bright-pink app to tap when they need a car ride or to rent a bike or scooter. Today the company announced it wants to be the place to go to care for your own car. Lyft's app will offer a way to find and reserve parking in 16 cities, summon roadside assistance, and schedule vehicle maintenance. Adding those new services is a small step for an app but part of a much bigger shift in ride hailing. As Lyft and its larger competitor Uber search for a way to finally generate a profit, some visions they once espoused for the future have been tweaked, if not left on the side of the road.
TuSimple Co-Founder Takes Control of Self-Driving Trucking Company
TuSimple Holdings Inc. co-founder Mo Chen has taken control of the self-driving trucking company as federal authorities continue to investigate TuSimple's relationship with Mr. Chen's other startup, a Chinese hydrogen-trucking company. A TuSimple filing with the Securities and Exchange Commission on Wednesday shows that Mr. Chen has 59% of the voting power at the San Diego-based company, giving him control as of Nov. 9, a day before the company announced it had ousted its board of directors. Mr. Chen acquired the stake through stock purchases using his family trust and British Virgin Islands-based entities, according to the securities filing. TuSimple's newly appointed chief executive officer, Cheng Lu, said, "We have a strong sense of urgency to put our company back on track and regain trust from all stakeholders." A weekly digest of tech reviews, headlines, columns and your questions answered by WSJ's Personal Tech gurus.
Microblink joins 2022 Deloitte Technology Fast 500 List of Fastest-Growing Companies
Microblink, a global leader in AI-powered computer vision technology, has been listed as one of the fastest growing companies on the prestigious Deloitte's Technology Fast 500 list. Microblink's exponential growth rate of 284 percent is attributed to its enterprise-ready AI solutions and best-in-class user experience born of a culture of curiosity and a fearless team. Recognized for the third time, Microblink's technology leverages Artificial Intelligence and Machine Learning to generate solutions for its two business segments; Identity and Commerce. The identity product portfolio encompasses solutions for ID scanning, identity document verification and identity verification to improve the customer onboarding experience. For commerce businesses, they are developing solutions that create magical shopping experiences while using purchasing data to empower retailers and CPGs.
Totaligent Reaches Major Artificial Intelligence Milestone
BOCA RATON, Fla., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Totaligent, Inc. ("Totaligent" or "the Company") (OTCPK: TGNT) announces it has completed testing of its scalable Nvidia clusters and has started to build a super cluster, with 2.4 Terabytes of GPU ram and 18 Terabytes of system ram. Totaligent's new supercomputer will allow the Company's Artificial Intelligence to deliver nearly instantaneous data processing and modeling for its person-based digital marketing platform. "Having the power and speed to deliver near real-time results when building target audiences from billions of records for customers is critical to Totaligent's success and acceptance in the person-based digital marketing world. Now, when we append large datasets that used to take days to process, our AI completes the task in about a minute. The combination of data, speed, and a complete set of easy-to-use marketing tools, at an affordable price, will enable Totaligent to provide unparalleled results for its users upon the launch of its integrated digital platform," stated Ted DeFeudis, CEO.
MEETKAI WELCOMES KURA KURA BALI INTO THE METAVERSE
On November 14th 2022, MeetKai, the LA-based AI and metaverse company held an extraordinary meeting with Kura Kura Bali, within the 17th G20 Heads of State and Government Summit, taking place in Bali this year. In an agreement between MeetKai Inc. and the CEO of PT Bali Turtle Island Development, Aaron Tham, the tech startup agreed to establish an R&D product development center in Kura Kura Bali focusing on software development and data science, as well as metaverse, AI and VR services. As hinted in their August New York metaverse launch, where a hyper-realistic anamorphic animation of Bali boasted "A Better Metaverse is Coming" in the middle of Times Square, MeetKai intends to "bring an inclusive metaverse to life", where wonders of the real world become accessible to everyone, everywhere. This Monday, MeetKai Co-Founders, serial entrepreneur Weili Dai, and CEO James Kaplan, agreed to contribute e-learning technology and training to support education in Bali. The company intends to support UID Bali Campus with connection and capacity building, subject expert matter, and synergy for events taking place in Kura Kura Bali; and most importantly, to contribute to their training data scientist programme by assuring cloud platform capacity and other machine learning skills to develop and strengthen the human resources skills in data science.
Govt warned against overregulating technology
THE co-founder of a social-impact tech startup has warned the government against overregulating technology in the country. "A lot of us are worried about overregulation," Connected Women Chief Executive Officer Gina Romero said in an interview on "Business and Politics," a weekly program hosted by The Manila Times Chairman Dante "Klink" Ang 2nd, and aired on SMNI Saturday evening. "Because this is a booming opportunity for the country, overregulating will potentially cause it to contract. We do not want to lose our potential there." Romero, a 2022 TOWNS (The Outstanding Women in Nation's Service) Awardee in Women Empowerment through ICT, emphasized that "technology allows us to impact more people and create more scale."
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VANTIVA, headquartered in Paris, France and formerly known as Technicolor, is a global technology leader in designing, developing and supplying innovative products and solutions that connect consumers around the world to the content and services they love – whether at home, at work or in other smart spaces. VANTIVA has also earned a solid reputation for optimizing supply chain performance by leveraging its decades-long expertise in high-precision manufacturing, logistics, fulfilment and distribution. With operations throughout the Americas, Asia Pacific and EMEA, VANTIVA is recognized as a strategic partner by leading firms across various vertical industries, including network service providers, software companies and video game creators for over 25 years. Our relationships with the film and entertainment industry goes back over 100 years by providing end-to-end solutions for our clients. VANTIVA is committed to the highest standards of corporate social responsibility and sustainability across all aspects of their operations.
DATAMETREX ANNOUNCES CANCELLATION OF STOCK OPTIONSDatametrex
Toronto, Canada, November 11, 2022 – Datametrex AI Limited (the "Company" or "Datametrex'') (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) announces that the Company has cancelled an aggregate of 13,000,000 incentive stock options ("Options") issued pursuant to its stock option plan on January 25, 2022. The Options were granted to certain officers, directors, employees, and consultants of the Company, and had an exercise price of $0.19 and expiry date of January 25, 2024. The Options were voluntarily surrendered by the holders for no consideration. Datametrex AI Limited is a technology-focused company using artificial intelligence (AI) to create progressive solutions for the cyber security, telehealth, and electric vehicle (EV) verticals. Datametrex' mission is to provide tools that support companies in fulfilling their operational goals with predictive and preventive technologies.
X-PITCH 2022 Winners Announced in the Metaverse
KAOHSIUNG, Taiwan--(BUSINESS WIRE)--At the Grand Finale of X-PITCH 2022 held on November 10, fifteen finalists selected from more than 4,000 startups in 51 countries showcased their business in front of hundreds of guests in the Metaverse powered by Venu. 10 startups emerged as award winners and the top 3 startups will receive US$1 million investment in total. "As the X Games for Startups, we try something new and exciting every year. In past competitions, we've done it in high-speed elevators and self-driving cars. This year, the local semi-finals were played on the Kaohsiung Light Rail. In today's finals, we came to the Metaverse. This is an unprecedented experience for all of us."
Artificial Intelligence Technology Solutions (AITX) Fundraising Update
Detroit, Michigan, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the Company) (OTCPK:AITX), has announced that on October 28, 2022 it issued a $4 million note to its largest single investor thereby securing a loan that matures in 4 years, bears interest at 15% per annum, has an original issue discount of $500,000, provides cash proceeds to the Company of $3.5 million, and includes warrants to acquire additional preferred equity shares (the "Fundraise"). The net effect of the Fundraise does not materially affect the Company's common stock shareholders or common shareholders' equity percentage since Steve Reinharz, AITX Founder and CEO, has effectively reduced his stake by approximately 20% (from fully diluted ownership of 65% to 54%) to achieve the funding without any further dilution to common shareholders. Steve Reinharz commented, "My commitment has always been to make AITX along with its RAD subsidiaries the dominant player in the evolving #proptech industry, which we feel we helped write the book on. This funding is crucial to the Company and will allow us to continue to grow while adding potential value to all stakeholders." Reinharz continued, "Certainly, I don't love reducing my overall stake, but the way this deal issues preferred shares and doesn't affect common shareholders, is a significant demonstration of my commitment to the Company's mission and to our shareholders."