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HTX Participates as Sponsor in Blockchain Life 2024 Dubai, Driving Conversations on Cryptocurrency Adoption

HTX

HTX, a leading global cryptocurrency exchange, secured a prominent presence as a registration sponsor and a sapphire sponsor at Blockchain Life 2024 held in Dubai, United Arab Emirates from April 15 to 17. The decade-long exchange is committed to fostering innovation and development within the blockchain space. This strategic sponsorship not only allowed HTX to demonstrate its brand strength but also served as a platform to connect with a global audience of crypto enthusiasts and entrepreneurs, facilitating the widespread adoption of cryptocurrencies. HTX's professional and forward-thinking image resonated with attendees, garnering significant attention throughout the event. Additionally, HTX VIP Client Services Head Charmaine was invited to participate in theme-based panel discussions, where she engaged with industry experts to explore current trends, challenges, and prospects in the cryptocurrency market. On April 15, in a panel titled "Conductors in the World of Cryptocurrencies: What Top Exchanges Think about 2024?", Charmaine highlighted the burgeoning growth of DeFi, NFTs, metaverse, and AI over the past two years and the emergence of innovative technologies and projects, particularly within the early-stage AI sector. She also expressed that HTX, as a leading exchange, recognizes its responsibility to drive the development of these sectors. According to Charmaine, HTX outlined its plans to foster collaboration with developer communities, organize hackathons, and identify promising projects at an early stage. The exchange further pledged to support these premium projects through facilitated listings, expedited market entry, and strategic guidance for operational and market expansion – all aimed at propelling the Web3 ecosystem forward. Addressing security concerns, Charmaine emphasized HTX's commitment to user protection. The exchange leverages Merkle tree proof of reserves and third-party custody services such as Fireblocks to deliver a comprehensive security framework, ensuring a trusted trading environment. Additionally, a series of HTX-hosted events will take place in Dubai to connect with top ecosystem partners and projects in the industry, media friends, and the blockchain community. This includes “Core's Bitcoin Social Afterparty” hosted by Core Foundation and HTX Ventures, and an exclusive meetup with HTX’s key market makers in Dubai. Held on April 18, the highly anticipated HTX Dubai Whale Night will take place at an avant garde urban playground, Papa Dubai. Sponsored by DeepLink, a decentralized AI cloud gaming protocol, the theme of the event is "Innovators Unite, Pioneering the Frontier" and notable attendees include H.E. Justin Sun, a member of HTX Global Advisory Board, Edward, HTX Ventures Managing Partner, and Park JiHye, DeepLink CSO, who will each deliver a speech on the development of the cryptocurrency industry. Dubai, as a leading hub for global blockchain development, serves as a testament to HTX's global vision and confidence in the crypto market. HTX's active participation in Blockchain Life 2024 served as a springboard for extensive dialogues with policymakers, industry leaders, and global crypto communities, further solidifying its influence in the cryptocurrency space. Moving forward, HTX remains committed to proactive dialogue with the industry to explore innovations and collaborations on driving global adoption and application of cryptocurrencies and shape a more open and interconnected Web3 ecosystem. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 18, 2024 05:36 AM Eastern Daylight Time

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Bitcoin's 4th Halving Is Approaching! Vie for 30,000 USDT in HTX's Bitcoin Halving-Themed Trading Contest

HTX

The 4th Bitcoin halving event is expected to occur on April 20, after which mining rewards will be reduced from 6.25 BTC to 3.125 BTC per block. Currently, the crypto market is unstable, with Bitcoin price hovering around the $63,000 mark. To commemorate this momentous occasion, HTX is rolling out a Bitcoin Halving-Themed Trading Contest! Traders can compete for a share of the 30,000 USDT prize pool by engaging in spot, futures, or margin trading of BTC-related cryptocurrencies. As per HTX's official announcement, the event kicked off at 12:00 (UTC) on April 17. Traders can split a prize pool of 30,000 USDT by trading BTC, BCH, LTC, ETC, and CORE in spot, futures, or margin. The event, comprising a Spot & Margin Trading Contest and a Futures Trading Contest, is scheduled to last for eight days, starting from 12:00 (UTC) on April 17 until 12:00 (UTC) on April 25. Event 1: [Spot & Margin Trading Contest] Trade Designated Cryptos in Spot to Split 5,000 USDT Trading BTC, BCH, LTC, ETC, and CORE in spot and margin during the event period, participants are eligible to share the 5,000 USDT prize pool based on their spot and margin trading volumes. Moreover, users engaging in margin trading for BTC/USDT, BCH/USDT, LTC/USDT, ETC/USDT, and CORE/USDT will have their trading volume multiplied by 2 times for this event. Throughout the event, users who visit the event page on any given day will be automatically enrolled in the event, and their trading volume during the event period will be calculated. Failure to do so will disqualify users from receiving any rewards. Event 2: [Futures Trading Contest] Trade Futures on Designated Cryptos to Split 25,000 USDT During the event, participants trading USDT-M futures on designated cryptos (including futures copy trading) can share a prize pool of 25,000 USDT in Futures Trial Bonuses based on their cumulative futures trading volume rankings. Refer to the following table for details. The 1st place winner will secure a reward of 5,000 USDT in futures trial bonuses. Users need to click Register Now to participate in the Futures Trading Contest. The total prize pool of this event is set at 30,000 USDT. Rewards will be credited to winners' HTX accounts within 14 working days after the end of the event. While continuing to provide a secure and diverse trading experience, HTX is committed to offering new opportunities for wealth growth to users worldwide by following industry events closely. https://www.htx.com.ec/support/en-us/detail/64967651911076 About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 18, 2024 03:41 AM Eastern Daylight Time

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Rail Vision score major US order advancing railway safety using its AI technology

Rail Vision Ltd

Rail Vision CEO Shahar Hania joined Steve Darling from Proactive to share exciting news about the company securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company in North America. This order, previously announced, marks a significant milestone for Rail Vision as it expands into the North American market and sets a new standard for safety and efficiency in rail operations. The freight rail company, one of the largest in North America, will install and evaluate the system on its locomotive to test various safety scenarios. Hania explained that Rail Vision's Switch Yard System utilizes electro-optic sensors combined with AI, machine learning, and Advanced Driver Assistance System solutions to address limited vision issues, extending the range of sight and reducing downtime. By enhancing punctuality, efficiency, and safety, the system aims to revolutionize rail operations. This announcement comes shortly after Rail Vision received another order for its AI-driven Switch Yard System from Loram, a leading US-based provider of railway track maintenance equipment and services. The order from Loram serves as a pilot project to integrate Rail Vision's advanced technology into Loram's rail track maintenance operations. This collaboration underscores both companies' commitment to advancing railway safety and operational efficiency. If the pilot project proves successful, Rail Vision and Loram will explore opportunities to expand their collaboration, potentially integrating Rail Vision's innovative solutions into Loram's service offerings across the United States. This strategic partnership highlights the potential for Rail Vision's technology to make a significant impact on the railway industry's safety and efficiency standards. Watch the full interview for more insights into Rail Vision's recent developments and its vision for the future of rail transportation. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 17, 2024 02:34 PM Eastern Daylight Time

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ARway.ai announces prestigious George Mason University sign up for company platform

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience. In his discussion with Proactive, Gappelberg highlighted the significance of this partnership, noting GMU's substantial undergraduate enrollment of approximately 27,014 students and the expansive campus spanning 817 acres. The scheduled deployment of ARway is poised to commence in early summer, affording the university ample time to rigorously test the platform's capabilities and gauge its efficacy before potentially implementing a full campus rollout in 2025. The ambitious plans for 2024 include an expansion of the augmented reality tour, empowering students to seamlessly locate and navigate to various offices and buildings across the campus. By leveraging ARway's innovative technology, GMU aims to enhance the accessibility of campus resources and elevate the overall student experience to unprecedented levels. Moreover, GMU has already taken proactive steps to share its pioneering experiences with ARway, having submitted several conference proposals to disseminate findings on this groundbreaking technology. Additionally, dedicated time has been allocated for further research and development efforts over the summer, underscoring GMU's commitment to harnessing cutting-edge tools to enrich the educational journey of its students. The enthusiasm at GMU for exploring the interactive capabilities of ARway is palpable. Preliminary beta testing has instilled confidence in the platform's potential to foster engagement and promote self-efficacy, both of which are integral to the long-term success of the college experience. As GMU embarks on this transformative journey with ARway.ai, the possibilities for innovation and advancement in campus navigation and student engagement are boundless. Stay tuned for more updates as GMU pioneers the integration of augmented reality into its campus ecosystem, setting new standards for educational technology and student empowerment. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 17, 2024 12:52 PM Eastern Daylight Time

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Ride the Crypto Bull Run: Dive into HTX's Enhanced Flexible Products and Dual Investment with Expanded Offerings, Enjoying Up to 10% APY

HTX

Bitcoin has tested the $70,000 mark several times, fueling persistent FOMO sentiment in the market, while an array of new protocols and staking opportunities emerge. In the current crypto bull market, HTX Earn offers a variety of robust products to help investors achieve financial growth. With distinct advantages, these products offer a diverse range of offerings, high APYs, and low entry barriers. Users can choose products based on their financial situation as each of HTX Earn's products has its features. Quick and Easy Access to Simple Earn, with Products Offering up to 10% APY HTX Earn's Flexible products are continuously broadening their selection to include more popular cryptocurrencies, empowering users to capitalize on the appreciation of high-quality cryptos while earning returns. Additionally, these Flexible products offer exceptional flexibility, allowing users to deposit and withdraw funds at their convenience. According to HTX's official announcement, HTX Earn has recently introduced new Flexible products for PEPE, BOME, SLERF, DEGEN, and WIF, boasting up to 10% APY. To subscribe to these products, you can access them either through HTX's official website or app. Please follow the steps below. Website: Log in to HTX's official website > click "Earn" on the navigation bar > select "Flexible, Fixed" in the dropdown menu. App: Log in to your HTX App > tap "Earn" on the main page > select "Simple Earn". Compared to Traditional Offerings, HTX's Structured Products Provide Higher Annualized Earnings HTX Structured Products is an innovative financial instrument that includes assets linked to fixed income and derivatives to meet the personalized needs of investors with different risk preferences and return expectations. These products feature higher APYs and zero fees, catering to users with risk tolerance, professional investors, and institutions. This category encompasses two products: Dual Investment and Shark Fin. Dual Investment is a non-principal-protected structured product that consists of two cryptocurrencies. It empowers investors with the flexibility to select a target price and date, allowing them to capitalize on opportunities to purchase the specified cryptocurrency at a lower price or sell it at a higher value in the future. The Dual Investment product is non-principal protected and generates floating earnings. It allows you to gain returns by investing in one of the cryptos, such as BTC, ETH, AVAX, and SOL. At present, HTX Earn has updated its Dual Investment products, adding LTC, DOT, LINK, and MATIC offerings. This expansion broadens the range of choices available to users. Shark Fin is the flagship product of HTX Earn, and its pattern can be either bullish or bearish. What sets Shark Fin apart is its unique ability to enable investors to secure basic returns while potentially pursuing more profits based on market fluctuations. Additionally, these products are characterized by flexibility and short investment cycles without affecting fund liquidity. Users' returns from Shark Fin are determined by the accuracy of their predictions about future market trends. During the first quarter of 2024, 15 rounds of 7-day Shark Fin products were issued, amassing a total subscription amount of $1.5 billion, with the highest APY reaching 60%. Users can make subscriptions by navigating to "HTX Earn" > "Shark Fin" during the subscription period. As a world-leading digital asset trading platform, HTX has maintained a secure operation for eleven years. HTX Earn serves as a dependable instrument for the management of virtual assets, presenting a wide range of products that align with users' requirements. It guarantees the utmost security of assets, thanks to the exchange's robust risk management system. Furthermore, HTX Earn is purpose-built to deliver top-tier assets for daily passive income, coupled with a user-friendly interface that ensures a seamless and convenient wealth management experience. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 17, 2024 11:24 AM Eastern Daylight Time

META STUDIO Empowers Content Creators with Privacy and Ownership in a Decentralized Environment

Rev Up Marketers

META STUDIO, operating as a Decentralized Autonomous Organization (DAO), has empowered content creators to sell their content with complete privacy, and retain ownership, while actively participating in decision-making processes alongside their peers. META STUDIO offers a versatile platform catering to various digital content formats for content creators, streamers, coaches, or freelancers META STUDIO bolsters democratic governance, where creators, users, investors, and $METAS token holders collectively shape the platform's trajectory. Transparency remains paramount, with creators retaining 100% ownership of assets and income, and minimal platform costs distributed proportionally. From individual products and services to comprehensive packages and subscriptions encompassing text, video, live training, and more, META STUDIO provides a platform for creators to monetize their content. META STUDIO identified the pervasive challenges prevailing in the industry. These include unfair regulations, exorbitant commissions, and a concerning lack of privacy leading to numerous personal data breaches. META STUDIO's primary goal is to revolutionize the landscape of content creation within the blockchain space. Recognizing the exponential growth and potential of the creators' market, estimated at $250 billion in 2022 and projected to reach $500 billion by 2027 according to Goldman Sachs, META STUDIO aims to address the pressing issues faced by content creators. Mugur Frunzetti, the CEO of META STUDIO, about their plans stated “We are now over 65 in the app development and on the right track for a full launch this summer, more specifically in August 2024. For 2025 we plan to reach a turnover of over $ 5 billion, by attracting at least 20% of the content creators who also use a crypto wallet in daily payments. The community's response to our project is incredible, almost 99% of the creators we reached out to are waiting with excitement to use the METASTUDIO mobile app, a platform built for them, where they will take 100% of all decisions, from rules to finances. We also expect people who never tried selling content before to our project, this transformative journey towards a decentralized digital future.” META STUDIO democratizes content creation within a decentralized and engaging environment by bridging the gap between the Web2 and Web3 eras. While the immersive Metaverse experience remains on the horizon, META STUDIO prioritizes addressing immediate challenges using existing Web3 technology. For more information about Meta Studio, please contact them on Website | Telegram | Twitter | YouTube | LinkedIn | Reddit | TikTok | Discord | Instagram About META STUDIO: META STUDIO acts as a bridge between the Web2 and Web3 eras, making content creation more democratic in a decentralized and immersive setting. While the full immersive experience of the Metaverse is yet to come, META STUDIO focuses on solving immediate challenges using existing Web3 technology. Contact Details Meta Studio Mugur Cosmin Frunzetti - Founder welcome@metastudio.land Company Website https://www.metastudio.land

April 17, 2024 03:07 AM Eastern Daylight Time

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TRON DAO at Harvard Blockchain Conference and New TRON Builder Tour Stop

TRON DAO

Geneva, Switzerland, April 16, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain enthusiasts discussing the potential of blockchain technology and emerging projects within the web3 space. The TRON booth provided exclusive HackaTRON branded swags to participants who asked questions surrounding the TRON ecosystem. The booth also featured information about TRON DAO Ventures funding opportunities including TRON DAO’s official Bitcoin Layer-2 Roadmap, which continued to spark thoughtful conversations. Additionally, this conference marked a milestone in the TRON Builder Tour (TBT), showcasing TRON DAO 's dedication to fostering education and collaboration within the blockchain ecosystem. Each stop is crafted to inspire and educate participants, fostering the development of groundbreaking blockchain applications. TRON Builder Tour Harvard Stop Highlights This weekend's TRON Builder Tour event, co-hosted with the official Harvard Blockchain Club, featured a raffle of swag and gifts to attendees as well as an engaging platform for TRON DAO to connect with students and leading industry professionals from organizations like Pantera, A16z, Arbitrum, and Hedera. Seeing over 60 attendees in a fully booked event, key discussions focused on building communities and integrating Real-World Assets (RWAs) into the blockchain, with panels that captured attendees' interest, especially on topics like Bitcoin Ordinals and BRC-20s. Following the conference, the TRON Builder Tour hosted a special networking session, allowing participants to unwind and discuss blockchain innovations, highlighting TRON DAO's upcoming Bitcoin integration plans and its commitment to guiding students in their blockchain journeys. Past TBT Stops - MIT Stop: Engaged academics and students in discussions about the practical and potential applications of blockchain technology. - ETH Denver: Blended technical workshops with community-building activities, focusing on collaborative development. In tandem with these events, TRON DAO continues to push the envelope with HackaTRON Season 6, a competition that challenges innovators across multiple tracks to create solutions that harness the power of the TRON network. Featuring a prize pool of up to $650,000*, including $500,000 in TRX, the TRON network's native utility token, and $150,000 worth of energy support to subsidize transaction fees and improve the user experience of various dApps. This competition underscores TRON DAO's commitment to advancing blockchain technology and nurturing a global community of innovators and creators. Be sure to submit your project today on the official HackaTRON Season 6 DevPost Page. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here: https://trons6.devpost.com/rules Stay Up To Date Keep an eye out for more TRON Builder Tour stops and opportunities to engage with blockchain technology. Each event provides a unique chance to network, learn, and contribute to the evolving landscape of blockchain and decentralized applications. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

April 17, 2024 01:54 AM Eastern Daylight Time

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PathAI Partners with Google Cloud to Transform Drug Discovery and Precision Medicine Through AI-Powered Pathology

PathAI

PathAI, a global leader in AI-powered pathology, today announced a strategic partnership with Google Cloud at Bio-IT World Conference & Expo to help biopharma companies and anatomic pathology (AP) labs accelerate the adoption of AI and digital pathology. PathAI’s AISight 1 Intelligent Image Management System (IMS) is an AI-native IMS that seamlessly blends PathAI and third-party algorithms into a single laboratory workflow and image analysis platform, providing researchers and pathologists direct access to powerful biomarker quantification tools that have the potential to increase lab operational efficiency and aid in disease staging and scoring. PathAI will leverage Google Cloud’s infrastructure to bring AISight to more biopharma companies and AP labs worldwide, enabling faster deployments of novel AI models for a variety of clinical and research needs. "Bio-IT World is where pioneers convene to address the industry's most significant challenges, including how to leverage massive scale data from biological and clinical studies to accelerate the discovery and development of transformative new therapies for patients. PathAI partners across the drug development paradigm, firstly with biopharma by enabling the development of new insights and diagnostics and supporting global clinical trials through PathAI’s AISight Clinical Trials platform, trial-ready algorithms, and Good Laboratory Practice (GLP) and Good Clinical Practice (GCP) compliant laboratory; and also with AP labs ensuring scaled access to algorithms through AISight," said Dr. Andy Beck, CEO and co-founder of PathAI. "Our partnership with Google Cloud helps us transform our capabilities to accelerate adoption of these powerful tools and ultimately reshape how disease is understood and treated.” The partnership will involve the integration of PathAI’s AISight solution with Google Cloud's infrastructure and AI capabilities, providing: Accelerated adoption of precision medicine solutions: Google Cloud's infrastructure enables rapid scaling of AISight's digital pathology IMS and algorithmic capabilities globally, aiding digital pathology laboratory operations and researchers in processing petabytes worth of data for large-scale biomarker discovery and clinical studies, ultimately bringing advancements to patients more quickly. Customized solutions and tailored AI models: The latest Google Cloud AI tools within the AISight platform provide the ability to quickly develop customized solutions and deploy novel AI models tailored to specific research needs. "We understand the urgent need within the biopharmaceutical industry for secure, scalable solutions in AI-driven drug discovery, laboratory operations, and biomarker quantification,” said Ryan Terry, managing director, Healthcare and Life Sciences, Google Cloud. "We're incredibly excited to partner with PathAI to create a new wave of solutions that leverage precision medicine to help solve the industry’s most significant challenges." 1 AISight is For Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is dedicated to improving patient outcomes through its groundbreaking AI-powered pathology platform. Our solutions provide invaluable insights for biopharmaceutical companies, researchers, and laboratories, ultimately enabling precision pathology and the vision of more effective treatments. Learn more at www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

April 16, 2024 09:00 AM Eastern Daylight Time

Unicorn Hailo Closes $120 Million Funding Round, Debuts Powerful Hailo-10 AI Accelerator Bringing GenAI To Edge Devices

OurCrowd

By Matthew Kalman Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, announced the successful extension of its series C fundraising round with an additional investment of $120 million, bringing its valuation to more than $1 billion, Bloomberg reported. The successful close is “the latest sign of investor enthusiasm for startups that can help address a global chip shortage and fuel the development of generative AI,” Bloomberg reported. The company also announced the introduction of its innovative Hailo-10 high-performance generative AI (GenAI) accelerators that usher in an era where users can own and run GenAI applications locally – including on many edge devices – without registering to cloud-based GenAI services. “Hailo’s chips execute AI tasks with lower memory usage and power consumption than a typical processor, making them a strong candidate for compact, offline and battery-powered devices such as cars, smart cameras and robotics,” said TechCrunch. While the funding round has officially closed, investors can still participate in this raise for a limited period via an exclusive allocation available through OurCrowd, the online investment platform. “OurCrowd first invested in Hailo when it was valued at about $30 million. Now it’s a unicorn,” said Jon Medved, OurCrowd’s Founder and CEO. “We are excited and delighted to be able to offer investors the opportunity to participate in the development of impressive startups like this.” The current round brings Hailo’s total funding to more than $340 million. “The closing of our new funding round enables us to leverage all the exciting opportunities in our pipeline, while setting the stage for our long-term future growth,” said Orr Danon Hailo’s CEO and Co-Founder. “Together with the introduction of our Hailo-10 GenAI accelerator, it strategically positions us to bring classic and generative AI to edge devices in ways that will significantly expand the reach and impact of this remarkable new technology.” “We designed Hailo-10 to seamlessly integrate GenAI capabilities into users’ daily lives, freeing users from cloud network constraints. This empowers them to utilize chatbots, copilots, and other emerging content generation tools with unparalleled flexibility and immediacy, enhancing productivity and enriching lives,” Danon said. GenAI At The Edge The new Hailo-10 GenAI accelerator enables a whole spectrum of applications that maintain Hailo’s leadership in both performance-to-cost ratio and performance-to-power consumption ratio. Hailo-10 leverages the same comprehensive software suite used across the Hailo-8 AI accelerators and the Hailo-15 AI vision processors, enabling seamless integration of AI capabilities across multiple edge devices and platforms. Enabling GenAI at the edge ensures continuous access to GenAI services, regardless of network connectivity; obviates network latency concerns, which can otherwise impact GenAI performance; promotes privacy by keeping personal information anonymized and enhances sustainability by reducing reliance on the substantial processing power of cloud data centers. By unlocking the power of GenAI on edge devices, such as personal computers, smart vehicles and commercial robots, Hailo-10 allows users to completely own their GenAI experiences, making them an integral part of their daily routine. Hailo accomplishes this immersive GenAI experience through a Hailo-10 architecture that supports maximum GenAI performance with minimum required power. “As GenAI on the edge becomes immersive, the focus turns to handling large LLMs in the smallest possible power envelope — essentially less than five watts,” Danon said. Since its founding in Israel in 2017, Hailo has become a leading global supplier of intelligent AI chips that serves more than 300 customers around the world. The company has offices in the United States, Europe, Japan, South Korea, China and Taiwan. “Whether users employ GenAI to automate real-time translation or summarization services, generate software code, or images and videos from text prompts, Hailo-10 lets them do it directly on their PCs or other edge systems, without straining the CPU or draining the battery,” Danon said. Top Class Performance Hailo’s specialized AI processors enable data center-class performance on edge devices. Hailo’s processors are the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real-time, with minimal power consumption, size and cost. The processors are designed to fit into a multitude of smart machines and devices, impacting a variety of sectors including compute, automotive, security, industry 4.0, and retail. Early applications of Hailo-10 GenAI accelerators will be targeting PCs and automotive infotainment systems, empowering current and future CPUs that cannot by themselves power the chatbots, copilots, personal assistants and speech-operated operating systems that have become standard today. Hailo will begin shipping samples of the Hailo-10 GenAI accelerator in Q2 of 2024. Among popular GenAI platforms, Hailo-10 can run Llama2-7B with up to 10 tokens per second (TPS) at under 5W of power. In processing Stable Diffusion 2.1, a popular model that produces images from text prompts, Hailo-10 is rated at under 5 seconds per image in the same ultra-low power envelope. Hailo-10 is capable of up to 40 TOPS (tera operations per second), a new performance standard for edge AI accelerators. Hailo-10 is faster and more energy efficient than integrated neural processing unit (NPU) solutions and delivers at least 2X more performance at half the power of Intel’s Core Ultra NPU, according to recently published benchmarks. Hailo will be present at the Embedded World exhibition in Nuremberg, April 9-11, Booth 126, Hall 1, and at the ISC West exhibition in Las Vegas, April 10-12, Booth #31065. For more information about investing in Hailo via the OurCrowd platform, click HERE. Featured photo courtesy of OurCrowd. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

April 16, 2024 08:45 AM Eastern Daylight Time

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