Press Release
Saudi Aramco's 2021 profit more than doubles on higher oil prices
Energy giant Saudi Aramco says its 2021 net profit soared by more than 120 percent due to higher crude oil prices, as global economic growth recovered from a pandemic induced downturn. The announcement came on Sunday hours after Yemen's Houthi rebels โ against whom Saudi Arabia leads a military coalition โ targeted several locations, including Aramco facilities, in cross-border armed drone attacks. Aramco, Saudi Arabia's cash cow, did not say if the attacks caused any damage. "Aramco's net income increased by 124 percent to $110bn in 2021, compared to $49bn in 2020," the company said in a statement. Aramco achieved a net income of $88.2bn in 2019 before the coronavirus pandemic hit global markets, resulting in huge losses for the oil and aviation sectors, among others.
GM to buy out SoftBank's stake in Cruise self-driving unit
General Motors is acquiring SoftBank's stake in Cruise and pouring even more money into the self-driving unit it purchased in 2016. The auto giant has announced that it's buying out SoftBank Vision Fund 1's equity ownership into the company that's worth $2.1 billion. In addition, it has committed to investing an extra $1.35 billion in Cruise to replace the funding SoftBank promised in February after the self-driving car company started offering robotaxi rides in San Francisco. The automaker didn't say why it's buying SoftBank's equity ownership, but GM chief executive Mary Barra said: "Our increased investment position not only simplifies Cruise's shareholder structure, but also provides GM and Cruise maximum flexibility to pursue the most value-accretive path to commercializing and unlocking the full potential of AV technology." SoftBank, meanwhile, has recently struggled with debt and the plummeting value of its properties.
Deepfake video of Zelenskyy could be 'tip of the iceberg' in info war, experts warn
Ukrainian President Volodymyr Zelenskyy speaks to members of the U.S. Congress from Kyiv in this image from video provided by the Ukrainian Presidential Press Office and posted on Facebook. Ukrainian President Volodymyr Zelenskyy speaks to members of the U.S. Congress from Kyiv in this image from video provided by the Ukrainian Presidential Press Office and posted on Facebook. A fake and heavily manipulated video depicting Ukrainian President Volodymyr Zelenskyy circulated on social media and was placed on a Ukrainian news website by hackers Wednesday before it was debunked and removed. The video, which shows a rendering of the Ukrainian president appearing to tell his soldiers to lay down their arms and surrender the fight against Russia, is a so-called deepfake that ran about a minute long. It is not yet clear who created the deepfake, but government officials in Ukraine have been warning for weeks about the possibility of Russia spreading manipulated videos as part of its information warfare.
Top 5 Robot Trends 2022
"Transformation for robotic automation is picking up speed across traditional and new industries," says Milton Guerry, President of the International Federation of Robotics. "More and more companies are realizing the numerous advantages robotics provides for their businesses." Segments that are relatively new to automation are rapidly adopting robots. Consumer behavior is driving companies to address demand for personalization of both products and delivery. The e-commerce revolution was driven by the pandemic and will continue to accelerate in 2022.
Run:ai Raises $75M in Series C Round to Accelerate AI Adoption Worldwide
Run:ai, the company simplifying AI infrastructure orchestration and management, today announced that it has raised $75M in Series C round led by Tiger Global Management and Insight Partners, who led the previous Series B round. The round includes the participation of additional existing investors, TLV Partners and S Capital VC, bringing the total funding raised to date to $118M. Run:ai has grown sharply, with a 9x increase in Annual Recurring Revenue in the last year, while the company's staff more than tripled over the same period. The company plans to use the investment to further grow its global teams and will also be considering strategic acquisitions as it develops and enhances the company's Atlas software platform. Omri Geller, Run:ai CEO and co-founder, said, "It may sound dramatic, but AI is really the next phase of humanity's development. When we founded Run:ai, our vision was to build the de-facto foundational layer for running any AI workload. Our growth has been phenomenal, and this investment is a vote of confidence in our path. Run:ai is enabling organizations to orchestrate all stages of their AI work at scale, so companies can begin their AI journey and innovate faster."
How AI Can Unlock the Full Potential of Clinical, Administrative Data
Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is a global leader of digital technology for secure information transport. The company leverages its technology heritage to provide secure solutions that transform simple digital documents into actionable information, including advanced healthcare standards HL7 and FHIR for secure data exchange. Consensus offers eFax Corporate, a leading global cloud faxing solution; Consensus Signal for automatic real-time healthcare communications; Consensus Clarity, a Natural Language Processing and Artificial Intelligence solution; Consensus Unite and Consensus Harmony interoperability solutions; and jSign for secure digital signatures built on blockchain.
Top 10 Robotech Companies That Are Set to Change Robotics
Can anyone deny the very fact that robots are taking over the world in ways that surpass our imagination levels. From defence to healthcare, every sector has relied on robotics in one form or the other. Irrespective of the objective achieved, one thing is for sure โ robotic inventions are changing the way we are leading our lives. Have a look at what are the top 10 robotech companies that are set to change robotics. The company boasts of a portfolio that includes various innovations for smart homes and various concepts in visualization, navigation, mobility, and artificial intelligence. Sastra robotics is an Indian robotech company that aims at delivering and creating robotics solutions to allow human-like automated functional testing of real equipment.
Think Tank Urges Healthcare Providers To Invest More In AI And Tech Post-pandemic - AI Summary
European network of health innovators, EIT Health has today launched an AI report from its Think Tank, outlining the need for a post-pandemic technological transformation to strengthen EU health systems over the next decade. The'Healthcare Workforce and Organisational Transformation with AI' report identifies key focus areas that need to be addressed at an EU and national level, during the COVID-19 pandemic, in order to maximise the potential of AI and technology in healthcare. EIT Health predicts that without major structural and transformational change, healthcare systems will become unsustainable, and the European vision of universal healthcare will be threatened. Furthermore, data from a joint EIT Health and McKinsey and Company report published last year indicated that AI automation could help alleviate workforce shortages, accelerate the research and developments of treatments, and help reduce the time spent on administrative tasks. Jan-Philipp Beck, CEO at EIT Health, said: "The outcomes of the AI Think Tank Report has given us clear and consistent messages on how to drive AI and technology forward within European healthcare systems. European network of health innovators, EIT Health has today launched an AI report from its Think Tank, outlining the need for a post-pandemic technological transformation to strengthen EU health systems over the next decade. The'Healthcare Workforce and Organisational Transformation with AI' report identifies key focus areas that need to be addressed at an EU and national level, during the COVID-19 pandemic, in order to maximise the potential of AI and technology in healthcare. EIT Health predicts that without major structural and transformational change, healthcare systems will become unsustainable, and the European vision of universal healthcare will be threatened. Furthermore, data from a joint EIT Health and McKinsey and Company report published last year indicated that AI automation could help alleviate workforce shortages, accelerate the research and developments of treatments, and help reduce the time spent on administrative tasks. Jan-Philipp Beck, CEO at EIT Health, said: "The outcomes of the AI Think Tank Report has given us clear and consistent messages on how to drive AI and technology forward within European healthcare systems.
Global Smart Hospitals Market to Reach $111.2 Billion by 2026
Edition: 7; Released: February 2022 Executive Pool: 18336 Companies: 46 - Players covered include AdhereTech Inc.; Capsule Technologies, Inc.; Cerner Corporation; GE Healthcare; Honeywell International Inc.; Koninklijke Philips N.V.; McKesson Corporation; Medtronic plc; SAP SE; Siemens AG; STANLEY Healthcare and Others. Coverage: All major geographies and key segments Segments: Component (Services, Hardware, Systems & Software); Application (Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance, Medical Connected Imaging) Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World. Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies.