Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

News Release

Can Borroe Finance Over Take Meme Coins With its Real Life Utility?

Blockchain Digest

Recently, Binance announced that it would remove Dogecoin ($DOGE) and Shiba Inu ($SHIB) liquid swap from its liquidity pool on October 27, 2023. On the other hand, one of the best cryptocurrency exchanges in Japan recently listed these meme coins on its platform. Let’s delve in to find out if BorroeFinance ($ROE ) can overtake these meme coins in Q4 2023, according to experts’ forecasts. >>BUY $ROE TOKENS NOW<< BorroeFinance: Providing Short-term Liquidity to Web3 Participants BorroeFinance ($ROE) is an AI-powered fundraising marketplace that allows web3 businesses to generate instant cash by selling their future digital earnings to supportive communities at discounted prices. Experts believe BorroeFinance ($ROE) will eventually outperform Dogecoin ($DOGE) and Shiba Inu ($SHIB) because the platform offers real-life utility to DeFi companies as opposed to meme coins fueled by community interest only. BorroeFinance ($ROE) is selling for $0.015 in its second presale stage. According to analysts, BorroeFinance ($ROE) will hit the mainstream crypto market in the next few weeks and trade for $0.040. As a result, early BorroeFinance investors will see a massive 167% surge in the value of their $ROE tokens. >>BUY $ROE TOKENS NOW<< Dogecoin ($DOGE) Goes Live on Japanese Exchange On October 16, 2023, BitTrade, a leading Japanese exchange for top crypto coins, listed Dogecoin ($DOGE) on its platform. According to experts, this move will create more Dogecoin investors in Asia’s trillion-dollar economy. In addition, BitTrade also listed Shiba Inu ($SHIB) on the same day to satisfy the market’s demand for meme coins. Despite this development, Dogecoin ($DOGE) recorded no significant price surge. On October 14, $DOGE traded at $0.05931. A week later, $DOGE surged 3.19% to trade at $0.06123. According to analysts, Dogecoin ($DOGE) may trade below $0.05800 in Q4 2023 due to Binance delisting Dogecoin’s liquidity pool. Binance Delists Shiba Inu Liquidity Pool Recently, Binance announced that it will delist 17 liquidity pools from its liquid swap program to ‘reduce slippage and provide users with better transaction prices.’ According to the announcement, the $SHIB/$BUSD pair and $DOGE/$BUSD pairs were among the 17 liquidity pools to be delisted on October 27. Thankfully, Shiba Inu ($SHIB) investors remained calm after this announcement, and there was no subsequent selling pressure. On October 14, $SHIB traded at $0.000007003. By October 21, Shiba Inu ($SHIB) traded at $0.000007105. Analysts believe Shiba Inu ($SHIB) will surge to $0.000007860 in Q4 2023 due to a recent whale accumulation of 22.3 billion Shiba Inu ($SHIB) tokens on October 19. Learn more about BorroeFinance ($ROE) here: Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter Contact Details Borroe Finance media@borroefinance.ai

October 26, 2023 02:31 PM Eastern Daylight Time

CWG Markets Wins Best Investment Education Broker at the 2023 Trading Influencers Awards in Cyprus

King Newswire

CWG Markets, a leading online trading platform, has been honoured with the prestigious "Best Investment Education Broker" award at the 2023 Trading Impact Awards held in Cyprus. This recognition underlines CWG Markets' commitment to providing outstanding investment education services to its clients and its dedication to empowering traders with the knowledge and tools they need to succeed in the financial markets. The Trading Impact Awards, held annually, are a highly esteemed event in the world of finance and trading. They acknowledge the contributions and achievements of exceptional organisations and individuals in the trading industry who have made a significant impact on the market and their clients. CWG Markets' win in the "Best Investment Education Broker" category is a testament to its unwavering dedication to provide top-notch educational resources and support to traders. Isaac Morales, Head of Strategy at CWG Markets, expressed his gratitude upon receiving the award, saying, "It is an honor to be recognized as the Best Investment Education Broker at the 2023 Trading Impact Awards. CWG Markets believes education is the cornerstone of successful trading. Their professionals are committed to provide all clients with the knowledge and skills they need to make informed investment decisions and achieve their financial goals." CWG Markets: A Beacon of Excellence in Investment Education CWG Markets has established itself as a pioneer in the industry by offering a wide range of educational resources. These resources include webinars, seminars, tutorials, and market analysis. Their team of experienced professionals and financial experts is dedicated to helping traders of all levels enhance their trading knowledge and improve their strategies. In addition to its educational initiatives, CWG Markets is known for its cutting-edge trading technology, competitive spreads and a wide range of trading instruments; including forex, commodities, indices and cryptocurrencies. The combination of robust educational support and advanced trading tools has made CWG Markets a preferred choice for traders worldwide. The 2023 Trading Impact Awards panel commended CWG Markets for its continuous efforts to elevate the trading experience for its clients through educational excellence and technological innovation. For more information about CWG Markets and its award-winning investment education services, please visit https://www.cwgmarkets.com. About CWG Markets: A Holistic Financial Services Provider CWG Markets Ltd (VU), authorised and regulated by the Vanuatu Financial Services Commission (VFSC), with registration no. 41694 is a licensed financial dealer authorised to deal in securities. The company's address is 1276, Govant Building, Kumul Highway, PORT VILA, VANUATU. CWG Markets Ltd is headquartered in London, United Kingdom. It is fully authorised and regulated by the Financial Conduct Authority (FCA) with the reference number FRN 785129. As a globally recognised financial services provider, CWG Markets specialises in offering diversified trading options for global traders. The product portfolio of CWG includes forex, stocks, precious metals, indices, futures, and a variety of financial derivatives. This allows this company to meet the diverse needs of traders across a variety of markets. Education: The Cornerstone of Successful Trading The recent recognition of CWG Markets as the "Best Investment Education Broker" at the 2023 Trading Impact Awards highlights the critical role that education plays in the world of trading. The mission of CWG Markets is to “build a culture of education that is central to successful trading ”.It is deeply ingrained in the company's philosophy, guiding its commitment to providing its clients with the skills and knowledge necessary to make informed investment decisions. The online trading industry is complex and dynamic, so traders need to continuously improve their skills and knowledge. Trading success is dependent on education, which CWG Markets has invested heavily in. CWG Markets offers a wide range of services for novices as well as experienced professionals looking to enhance their skills. Comprehensive Educational Resources CWG Markets' comprehensive educational resources include a variety of learning tools and formats designed to cater to different educational styles and levels of expertise. The following are some of these resources: Webinars: The webinars cover a wide range of topics, including the basics of trading as well as advanced trading methods. Seminars: They host in-person events that allow traders to engage with experts and peers, fostering a collaborative learning environment. Tutorials: Detailed step-by-step guides and video tutorials that simplify complex concepts. Market Analysis: The provision of regular market updates and analysis reports is designed to assist traders in staying informed about current market conditions and potential opportunities. CWG Markets' commitment to education does not stop with these resources alone; their educational offerings are continually updated and expanded to ensure traders have access to the most current and relevant information. Cutting-edge trading technology:The company's commitment to trading extends beyond education at CWG Markets. The cutting-edge trading technology enables traders to make informed decisions and execute trades efficiently with tools and features. This technology includes user-friendly trading platforms, market data in real-time, and charts. Diverse Trading Instruments:In addition to their educational programs and technology, CWG Markets offers a wide range of trading instruments. These include: Forex: Forex is a market in which currency pairs can be traded. Commodities: Trade in commodities such as precious metals, energy products, and agricultural goods. Indices: Trade on the performance of multiple companies with access to a wide range of global stock indices. Cryptocurrencies: Invest in cryptocurrency, including popular digital assets such as Bitcoin and Ethereum. Regulatory Compliance and Trust CWG Markets' commitment to providing a safe and secure trading environment is evident through its regulatory compliance. In addition to being licensed and regulated by the Vanuatu Financial Services Commission (VFSC) and the Financial Conduct Authority (FCA), the company is incorporated in the United Kingdom. Through these regulatory bodies, CWG Markets ensures that it operates according to industry standards and protects traders' interests. CWG Markets places great importance on maintaining the highest standards of integrity and security for its clients. Awards and Recognitions The "Best Investment Education Broker" award at the 2023 Trading Impact Awards is not the only accolade in CWG Markets' collection. The company has received numerous awards and recognitions for its commitment to excellence in the trading industry. In addition to their dedication to providing high-quality services to clients, these accolades indicate CWG’s dedication to excellence. CWG Markets’ are proud of their journey and commitment to empowering traders. They have received many awards, including the recently awarded "Best Investment Education Broker" title, which motivates them to keep on striving for excellence. CWG Markets is at the forefront of online trading due to its investment in cutting-edge technology, trading instruments, and educational resources. Contact Details CWG Markets Will +60 1-800-81-9380 complaint@cwgmarkets.com Company Website https://cwgmarkets.com/

October 26, 2023 02:25 PM Eastern Daylight Time

Image

Beaches Of Normandy Tours Introduces Groundbreaking WWII History Exploration Experience

King Newswire

In a Remarkable Shift, Severine Diaz and Beaches of Normandy Tours Lead the Way in Transforming Historical Tourism. By providing immersive, educational experiences, they are redefining the very essence of historical exploration."I always wanted to bring history to life for others”, says Severine. Her venture now contributes to the growing global tour operator market. Diaz's historical endeavor didn't just sprout overnight. It's the product of years of dedication, beginning with her studies at the University of Caen, where she majored in English language, history, and tourism. Her personal connection to the war era, through the experiences of her grandfathers, who were prisoners of war in Germany, added a deeper resonance to her historical pursuits. Severine's 20-year tenure at the Utah Beach Museum, where she rose to the position of General Manager, was a precursor to her entrepreneurial journey. Here, she met her husband, sharing a common vision of making history accessible and relatable. Their shared dream materialized in 2021 with the birth of Beaches of Normandy Tours amidst a changed global travel landscape due to the pandemic. The venture has a clear objective: to help individuals connect with history, especially Americans tracing their lineage or historical interests. As the pandemic shifted travel dynamics, the need for specialized, full-service tours emerged. Severine and her team recognized this and curated tours that offer a deep dive into history while ensuring a comfortable, secure experience for their visitors. Beaches of Normandy Tours is a means to celebrate and remember the men and women who shaped history. With a team of passionate peers, Severine Diaz has turned her childhood fascination into a venture that resonates with many across the globe, fostering a unique community of history enthusiasts. Severine, along with her team, crafts tours that are more than just a visit; they're a deep dive into the past. Her husband, Ed Diaz, shares "Seeing visitors connect with history, there's nothing quite like it." The global tour operator market is rising, projected to reach $446.9 billion by 2025. Specialized tours like those offered by Diaz's venture are a part of this upward trajectory, catering to the growing interest in meaningful travel experiences. Severine Diaz's venture is an invitation to walk through the pages of history, with each tour curated to offer a profound understanding and appreciation of the past. Through Beaches of Normandy Tours, Severine and her team are ensuring history continues to live on in the memories and experiences of every visitor. About Beaches of Normandy Tours: Beaches of Normandy Tours, founded by Severine Diaz, is more than a travel venture; it's a journey back in time. With a dedicated team, the tours offer a deep delve into history, enabling visitors to explore the significant events that transpired on the Normandy shores. Through meticulous curation and a passion for storytelling, Beaches of Normandy Tours is fostering a deeper appreciation for history and carving a niche in the burgeoning global tour operator market. Contact Details Severine Diaz Beaches of Normandy Tours +1 855-473-1999 info@beachesofnormandy.com Company Website https://www.beachesofnormandy.com/aboutus/

October 26, 2023 01:47 PM Eastern Daylight Time

Image

Justin Sun and TRON DAO Celebrated at Dubai's Prestigious 2023 Blockchain Life Awards

TRON DAO

Geneva, Switzerland / October 26, 2023 / - TRON, a leading name in the blockchain space, is proud to attend the Blockchain Life Awards 2023. The event, held on October 25th in Dubai, saw TRON’s founder, Justin Sun, being awarded the prestigious title of “Crypto Entrepreneur of the Year”, and the TRON network itself securing the coveted “Layer-1 Solution of the Year” award. TRON's Advancements in the Blockchain Sector Under the guidance of various contributors including Justin Sun, TRON has demonstrated steady progress in the blockchain industry. As a Layer-1 solution, TRON has held its own amidst formidable platforms while continuing to enhance their ecosystem. The TRON network has reached impressive metrics: a robust user base of over 190 million total user accounts, a total value locked (TVL) of more than $17.90 billion, over 6.61 billion transactions conducted, and nearly 1.8 million average daily active users in the past month. These milestones are a testament to the collective efforts of the TRON community and their commitment to enhancing decentralized solutions. The continued growth and recognition are not just achievements but also an inspiration to innovate and serve the broader crypto community. About the Blockchain Life Conference Dubai’s Blockchain Life Conference stands as a global confluence for crypto aficionados. Attracting over 7,000 delegates from 120 countries, the event has become a cornerstone for sharing ideas, knowledge, and the future of blockchain technology. With more than 80 industry luminaries sharing invaluable insights on upcoming market trends and global strategies, the conference facilitates a deep dive into the crypto world. Additionally, the event showcased an impressive expo with over 100 of the world’s leading blockchain and crypto companies. One of its major highlights was the Startup Pitch session, where innovative projects got a chance to present their ideas before an elite audience and the gathered attendees. Quick networking sessions and other formats were available to ensure attendees could maximize their experience. The day was wrapped up with a legendary afterparty at Sky 2.0, Dubai’s iconic club, creating an unforgettable experience for attendees. Sergei Khitrov, Founder of the Blockchain Life Forum in Dubai, commented “Justin Sun and TRON’s victories underscore its undoubted prowess and potential in the blockchain space. The awards serve as a testament to the network’s resilience, innovation, and promise.” The Blockchain Life Awards 2023 heralds a new era for Justin Sun and TRON, one of continued dominance, innovation, and service to the global crypto community. 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 October 2023, it has over 192.00 million total user accounts on the blockchain, more than 6.61 billion total transactions, and over $17.90 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 Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

October 26, 2023 01:15 PM Eastern Daylight Time

Image

OpenSense AI Transforms Content Creation with the Launch of Innovative NSFW Image Generator Powered by AI

Hotimage.AI

OpenSense AI has recently launched their platform hotimage.ai, which allows users to generate images with the help of AI, including NSFW (Not Safe For Work) images. This new development marks a significant milestone in the evolution of creative expression, offering users unparalleled customization options and a seamless interface for generating lifelike and immersive NSFW imagery. The newly introduced AI NSFW Image Generator hotimage.ai represents a significant leap forward in the world of digital content creation, empowering users to craft and customize content with unparalleled precision and sophistication. By harnessing the power of advanced deep learning algorithms, hotimage.ai seamlessly integrates user preferences, enabling the creation of high-fidelity, realistic, and visually striking imagery that caters to a diverse array of artistic and entertainment needs. The company is eager to delve into the potential of content creation using artificial intelligence and aims to offer an interactive and accessible platform that enables creators, artists, and digital enthusiasts to realize their creative ideas. In addition, they aspire to foster a community where users can anonymously create, share, and modify their own content, along with that of others. The NSFW AI Generator from OpenSense AI offers an extensive array of customization options, enabling users to select from a diverse range of body types, poses, and scenarios to create content tailored to their specific preferences and artistic visions. With a user-friendly interface and seamless navigation, the platform ensures a streamlined and intuitive experience, allowing users to effortlessly bring their creative ideas to fruition in a virtual environment that prioritizes both quality and user control. This innovative offering has garnered significant attention within the industry, positioning the company at the forefront of technological innovation and creative exploration. By fostering a culture of responsible and ethical content creation, hotimage.ai remains committed to implementing robust content moderation mechanisms, ensuring that the platform is used in a manner that upholds the highest standards of integrity, respect, and digital ethics. As the digital landscape continues to evolve, OpenSense AI is dedicated to spearheading the responsible integration of AI-driven technologies, fostering a culture of digital literacy, and promoting ethical standards within the realm of content creation. By prioritizing the well-being of online communities and advocating for responsible digital engagement, OpenSense AI aims to empower creators and users alike to harness the full potential of the NSFW Image Generator for artistic expression and creative innovation, thereby redefining the standards of excellence within the digital content creation sphere. About OpenSense AI: OpenSense AI is a leading technology company specializing in the development of innovative AI-driven solutions for the digital content creation industry. With a strong commitment to technological advancement and ethical innovation. Contact Details OPENSENSEAI TECHNOLOGY LIMITED Adam Scott +1 346-428-8364 support@hotimage.ai

October 26, 2023 10:00 AM Eastern Daylight Time

Image

Elizabeth Lukas Appointed CEO, Americas of AutogenAI

AutogenAI

AutogenAI, an enterprise-level artificial intelligence company, has announced the appointment of Elizabeth Lukas as CEO, Americas. This appointment marks an important milestone for AutogenAI’s expansion in the U.S. market, providing businesses with the power of generative artificial intelligence to streamline bid and proposal creation and increase win rates. Lukas brings decades of experience as an entrepreneurial leader with a proven track record of driving growth and success for some of the world's top companies. Prior to joining AutogenAI, Lukas was CEO, Americas at Decoded Ltd. where she launched the UK startup into the U.S. market and drove 30%+ YOY growth. In her current role, Lukas will be responsible for propelling growth and the adoption of generative AI in business. “We are living in a time of unprecedented technological advancement and generative artificial intelligence is at the forefront of this revolution,” said Lukas. “Businesses everywhere are recognizing the potential of AI to solve their most pressing growth challenges, and it is thrilling to be able to provide them with the solutions they need. We have already seen exceptional results in the UK and I’m excited to continue driving traction in the U.S.” AutogenAI has experienced rapid growth since its inception in 2022. In one year, the company drove 100x revenue, closed a $22.3M Series A from Blossom Capital, and was awarded the AI Grant – a prestigious accelerator for AI startups. With 100 global employees, and success in the UK and Australian markets, AutogenAI has supported international businesses to win over $50M of additional work. Companies implementing AutogenAI’s bespoke AI tool are reporting up to 85% cost savings and a 30% uplift in win rates. “Elizabeth arrives at an important time for AutogenAI and will be instrumental to the development and growth of a primary market,” said AutogenAI founder and CEO, Sean Williams. “Following a year of rapid growth and customer feedback, we found our unique AI tool can increase the productivity of bid teams by eightfold, allowing businesses to focus on more strategic aspects of bidding. The US is the biggest procurement market in the world and we want to help organizations here benefit from the efficiencies and increased win rates that our software delivers.” About AutogenAI AutogenAI is an enterprise-level artificial intelligence technology with cutting-edge natural language processing solutions that are focused on assisting in the process of procurement and bid writing. Its AI empowers people to improve the quality of bids, tenders, and proposals, while greatly increasing efficiency. The AutogenAI team includes specialists in procurement, bid writing and machine learning. Founded by serial entrepreneur, Sean Williams, who started his career as a bid writer, AutogenAI has become the fastest-growing generative artificial intelligence company in the UK and is now being deployed across three continents. For more information, visit https://autogenai.com. Contact Details Kite Hill PR Kite Hill PR for AutogenAI +1 973-722-7881 autogenai@kitehillpr.com

October 26, 2023 09:30 AM Eastern Daylight Time

How Elicio Therapeutics Is Taking A Different Approach To Treating Cancers Like Colon Cancer, Expected To Be The Leading Killer Cancer By 2030

Benzinga

By Jeremy Golden, Benzinga Founded in 2011, Elicio Therapeutics Inc. (NASDAQ: ELTX) strives to use precision vaccines, immunomodulators and cell-based therapies to assemble cancer-killing immune responses against both blood and solid tumors. Elicio’s proprietary Amphiphile or “AMP” platform differentiates the company through the development of cancer immunotherapies for patients with limited treatment options and often poor outcomes. As the foundation for the various vaccine candidates in the biotech company’s pipeline, the AMP platform will help Elicio combat cancer and other diseases. Groundbreaking Platform Therapeutic vaccines are designed to train the immune system to recognize and destroy cancer cells by targeting tumor-specific antigens. These molecules are present on the surface of cancer cells, allowing the immune response to differentiate them from healthy cells. Tumor biology is complex, and it is difficult to identify effective target antigens. This is, in part, because the tumor microenvironment suppresses immune activity. Differentiating itself from competitors, Elicio Therapeutics is attacking this challenge head-on by re-engineering the body’s immune response to defeat cancer with potent lymph node-targeted immunotherapies and vaccines. Elicio’s AMP platform combines expertise in materials science and immunology to develop novel immunotherapies, including cell therapy activators, immunomodulators, adjuvants and vaccines to treat many aggressive cancers. The platform was first developed in the lab of Darrell Irvine, Ph.D., whose work as a Howard Hughes Medical Institute investigator and professor at the Koch Institute for Integrative Cancer Research at MIT has put him at the forefront of the field. A clinical-stage biotechnology company, Elicio Therapeutics has developed multiple cancer vaccine candidates, including: ELI-002 for KRAS-driven cancers caused by a mutation of the KRAS gene; ELI-007 for cancers involving mutant BRAF gene; and ELI-008 for cancers involving p53 hotspot mutations. “Looking to the future, our focus is on developing ELI-002 as a treatment for mutant KRAS (mKRAS)-driven cancers,” Chief Executive Officer Robert Connelly said in June after a reverse merger with Angion Biomedica Corp. “We are conducting clinical studies evaluating the 2-peptide and 7-peptide formulations of ELI-002 and are encouraged by the interim data that will be presented at ASCO, supporting ELI-002’s potential clinical utility in patients with high relapse risk pancreatic and colorectal cancers.” Vaccinating Against Cancer The Pancreatic Cancer Action Network estimates that about 95% of pancreatic cancer patients have the KRAS mutation, an error in a protein in normal cells that has the potential to cause cancer. By specifically targeting the KRAS mutation, prominent in patients with pancreatic and colon cancer, Elicio Therapeutics’ lead asset, ELI-002, is more promising than others in the clinical trial phase. Though further studies are needed to confirm its efficacy, the shot could improve survival for colon cancer, expected to be the number one cause of cancer deaths for people between 20-49 years of age by 2030, and pancreatic cancer, which has just a 12% survival rate after five years. Unlike other experimental cancer vaccines in development, the shot won't have to be customized to each patient, making it more affordable and readily available. Preclinical trials have shown that Amphiphiles target and concentrate an array of different immunogens in the lymph nodes, resulting in tumor or pathogen-targeted immunity. In one trial, an Elicio Therapeutics vaccine was given to patients with pancreatic and colorectal cancers. The results were promising, with 77% of patients experiencing a reduction in biomarkers that show the persistence of tumors. 32% of patients completely cleared those biomarkers. Elicio Therapeutics seems to be leading the charge toward vaccination against cancer. By combining expertise in immunology and immunotherapy, Elicio is precisely targeting and fully engaging the lymph nodes, the site in our bodies where the immune response to cancer is orchestrated. 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

October 26, 2023 09:25 AM Eastern Daylight Time

How Lytus Technologies (NASDAQ: LYT) Is Expanding Its Footprint From India To The USA

Benzinga

By Meg Flippin, Benzinga The internet is booming in India and is poised for more growth as 5G rolls out across the world’s most populous nation. As of the start of this year, there were over 1.2 billion internet users in the country. By 2050, that’s projected to grow to more than 1.6 billion. That’s a big market opportunity to bring cutting-edge internet services to the masses, which is what Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT) is aiming to do. Lytus Technologies is a platform services company enriching the experience for users whether its streaming content, telemedicine or fintech services. The company reports that its ability to provide a cutting-edge platform regardless of the digital offering is what makes it so unique. The company operates telecasting, telemedicine and OTT platforms, leveraging its 5,000-kilometer network of installed fiber and broadband infrastructure to serve more than four million users in India and the USA. As one of the few Indian companies listed on the NASDAQ, Lytus potentially provides investors with a unique opportunity in the growing Internet market in India. Potentially Big Market Opportunity The opportunity for Lytus Technologies is large. India has the second largest pay-TV market in the world and the highest fintech adoption rate globally. The telehealth and telemedicine market in India is forecasted to reach $285.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 26.6% over 2022-2030. That strong demand is showing up in Lytus’s results. The company, which was founded in 2017, has achieved positive EBITDA and $20 million in revenue. The market opportunity seems similar to China where Alibaba Group Holding Ltd. (NASDAQ: BABA), the e-commerce giant, dominates by leveraging its vast platform. As a company operating a similar model to the commerce giant, Lytus hopes to emulate AliBaba’s success in India. Lytus' business model is potentially disruptive but easily repeatable and scalable across geographies. Its recent launch of Lytus Studios is an example of how the company is leveraging technology to give consumers and businesses advanced internet services. Lytus Studios is a content creation and technology services business bringing virtual reality, augmented reality, mixed reality and extended reality to the film, video, commercial, corporate and digital markets. Growing Demand For Fintech Services Lytus Technologies has also forayed into fintech. The company recently launched a payment gateway for consumers in India. The initial rollout is focused on a B2B model, but it plans to expand the payment service to individual users in the next 12 months. Recognizing the big market opportunity, the company is investing $50 million to grow its fintech business in India during the next five years. Like the other markets it enters, technology underpins all its offerings and sets it apart from its rivals. "Over the course of the next several months, Lytus intends to expand the scope of its fintech services to include AI-driven next-generation payment platforms, P2P lending, blockchain, insurtech, digital shareholder services, cross-border payments, among other services. Lytus also plans to offer its subscribers e-wallet and credit card services using AI-based technology for personalized financial insights. Users will be able to set spending goals based on their priorities, earn rewards and leverage the features to develop good financial habits and achieve their long-term goals," said Huzaefa Lokhandwala, CEO of Lytus Fintech. The fintech opportunity alone is large given India is one of the fastest-growing fintech markets in the world, expected to hit $2.1 trillion by 2030 growing at a CAGR of over 18%. Acquisition Makes It Happen Lytus’s expansion is helped by its acquisition of a 51% stake in Sri Sai Cable and Broadband Private Ltd., the regional Multi Service Operator (MSO) based in Telangana, India. The MSO has a subscriber base of more than one million, giving Lytus Technologies a bigger presence in the Indian market. With 5G rolling out in India, Lytus Technologies is only scratching the surface in terms of what internet services it can offer. With 5G it can reach more customers, deliver enhanced connectivity, support a multitude of devices, introduce new and immersive applications and ultimately provide a superior broadband experience. All of that almost ensures it gets more subscribers as it attempts to become the Alibaba of internet streaming. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 26, 2023 09:25 AM Eastern Daylight Time

Xiao-I, a pioneer of the AI chatbot, aims to become the "operating system of the AI era"

Xiao-i Corp

Xiao-I Corp's Berry Xia shares insights on the company's growth and ambitions in an interview with Proactive's Stephen Gunnion. Xiao-I, a pioneer in the AI chatbot industry, started in 2001 and launched its first chatbot for the MSN Microsoft application in 2004. By 2008, its active user base surpassed 100 million. The company refocused its strategy in 2011 towards a B2B market, developing tailored AI solutions for clients. Despite AI's advancement, Berry noted a lack of application in developed regions, prompting their globalization strategy in 2018, which began in Hong Kong, Taiwan, and Macau. Xiao-I listed on NASDAQ this year, and introduced its large language model, Hua Zang. The company saw a 106% surge in first-half net revenues, attributed to its shift from one-time software deliveries to a more sustainable cloud subscription model. Berry emphasized Xiao-i Corp's vision of becoming the "operating system of the AI era," highlighting the transition from rule-based AI to more advanced, human-like interfaces powered by large language models. Xiao-I is holding a live stream press conference about its latest progress of LLM on October 26, 2023. Interested parties can register here to participate: https://www.xiaoi.com/en/symbiosisPage/symbiosis Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

October 26, 2023 09:18 AM Eastern Daylight Time

Video

1 ... 181 182 183 184 185 ... 637