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FinServ Foundation Welcomes Two Distinguished Leaders to its Board of Directors

FinServ Foundation

FinServ Foundation, a 501(c)(3) nonprofit dedicated to fostering talent in the financial services sector, is delighted to announce the appointment of two esteemed professionals to its board of directors: Bonnie M. Treichel, JD, and Dr. David Rhoiney. FinServ Foundation specializes in providing coaching, mentorship, and scholarships to empower individuals entering the financial services field. With a focus on industry retention of young professionals through education and professional growth, the foundation actively collaborates with more than 30 colleges and universities, impacting the lives of more than 500 FinServ Fellows. FinServ also covers trips to conferences for these students, sending more than 200 students to conferences in the past year. This initiative broadens their exposure to industry trends while fostering connections that are integral to their future success. "FinServ Foundation is thrilled to welcome Bonnie and David to our esteemed board,” said Jamie Hopkins, President at FinServ Foundation. “Their combined expertise and passion for empowering people align seamlessly with our mission to nurture the next generation of leaders in financial services. Dr. Rhoiney has been part of FinServ since day one and has given so much, him stepping into a board role just furthers his commitment. Bonnie is someone who I admire in this profession almost as much as anyone. She is one of the brightest minds in our space and I look forward to her partnership.” Bonnie Treichel is the Founder and Chief Solutions Officer of Endeavor Retirement, a consulting firm dedicated to solving problems for plan sponsors, advisors and service providers in the retirement plan industry. Her experience as an ERISA attorney and advisor helps her bring governance solutions for day-to-day issues that are an inevitable part of running a successful retirement plan. Ms. Treichel is also a Partner at Endeavor Law, a firm dedicated to supporting the ecosystem of financial services with their retirement plan-related decisions, documentation, compliance, regulation and litigation. She is a thought leader on retirement plan governance issues and has been quoted in The Wall Street Journal, InvestmentNews, 401(k) Specialist, Ignites, PlanAdviser, NAPA Net Daily, and Journal of Pension Benefits. Ms. Treichel is an active member of the American Retirement Association and has served in various leadership roles as well as the Lifetime Income Committee of the Tax Division of the American Bar Association. She was awarded InvestmentNews 40 Under 40 in 2023, the ABA’s On the Rise - Top 40 Young Lawyers Award in 2022. “I am very excited to join the FinServ Foundation board,” Ms. Treichel said. “FinServ’s focus on mentoring the next generation financial advice professionals will boost these mentees at the beginning of their careers and equip them to help an immense number of clients to achieve their financial goals decades into the future.” Dr. David Rhoiney is a United States Naval Academy graduate, former two-sport NCAA Division I athlete, applied mathematician, cryptologist, cybersecurity specialist, and robotic general surgeon -- all before the age of 35. Dr. Rhoiney brings an invaluable perspective to the FinServ Advisory Board. Raised in poverty and homelessness as a child, he has achieved professional success. David uses his life experience and talents to help others navigate the complexities of life and achieve their dreams. His life’s mission is to leave a lasting legacy that helps decrease the wealth gap and ease the barriers to a successful life that exist in the United States. “While I am proud of my success, I know firsthand why so many children born into poverty live in poverty as adults,” Dr. Rhoiney said. “We routinely credit financial success to hard work, but the truth is that millions of people struggling to support themselves and their families with low wage jobs are working very hard. I see the FinServ Foundation as an important way to diversify the ranks of financial professionals in the United States, including overlooked but talented young people who might not even know this path to success exists.” The addition of Ms. Treichel and Dr. Rhoiney to the board reflects FinServ Foundation's commitment to ensuring a mission-driven and impactful leadership team. Together, they will play a pivotal role in guiding the foundation towards even greater success. They join current advisory board members and leadership team, consisting of Anna N'Jie-Konte, Danny Harvey, Kellan Brown, Brian Money, Michaela Jungbluth, Dr. Craig Lemoine, JaQ Campbell, Dr. Preston Cherry, Kate Healy, Michael Lane, and Jamie Hopkins. For more information about FinServ Foundation and its programs, please visit www.FinServFoundation.org About FinServ Foundation FinServ Foundation is a 501(c)(3) nonprofit organization dedicated to empowering individuals to excel in the financial services sector. Through coaching, mentorships, and scholarships, the foundation actively supports aspiring professionals and fosters a community committed to excellence. With partnerships across 30 colleges and universities, FinServ Foundation continues to make a lasting impact on the future leaders of the financial services industry. Visit www.finservfoundation.org or email president@finservfoundation.org for more information. Contact Details For FinServ Foundation president@finservfoundation.org Company Website https://finservfoundation.org/

July 10, 2024 10:00 AM Eastern Daylight Time

Calibre Mining (OTC: CXBMF) Uses Artificial Intelligence To Push Gold Mining Operations Forward

Benzinga

By Jeremy Golden, Benzinga The artificial intelligence (AI) market, valued at more than $184 billion this year, is among the most groundbreaking tech segments of this generation. Search traffic volume for the keyword “AI” tripled over a one-year period from 2022 to 2023, with more than 30 million searches occurring during March 2023. This demonstrates the heightened appetite for artificial intelligence solutions. The AI market is projected to reach $407 billion by 2027. Amid that growth, it is becoming prominent in several industries, from finance to retail and marketing. Like those fields, the mining industry is on the cusp of being redefined by AI. Advanced technologies now have the capabilities to streamline operations, enhance safety, and unlock unprecedented efficiencies. As enthusiasm for AI reaches new heights, a gold mining company with global projects has already been capitalizing on this generational trend. A Growing Operation Calibre Mining Corp. (OTC: CXBMF) is a gold mining and exploration company whose focus lies in sustainable operation performance and a disciplined approach to growth. The gold producer says its strong pipeline of development and exploration opportunities across the U.S., Canada and Nicaragua includes three producing mines that delivered 28% year-over-year production growth in 2023. The company’s Nicaraguan operations include full ownership of four gold projects, two of which are gold processing plants. With that diversity, Calibre believes it has the assets to become a mid-tier gold producer in the coming years. The company’s operational success in Nicaragua and its newly acquired Valentine Gold project in Canada has positioned it to build on the production growth it has showcased since 2019. Moving forward, Calibre Mining’s leaders expect to significantly surpass 2023’s groundbreaking revenue mark of $561.7 million. This will be fueled by an additional 200 koz of gold per year once Valentine is in production. Calibre Mining has nearly $150 million in cash and strong cash flow from its current operating mines to go with it. With plans in motion to continue expansion on multiple project fronts, the company stands to gain substantially from a new partnership with an AI and machine learning company. AI In Mineral Exploration: Unlocking Previously Unseen Mineral Potential, A New Era Of Mineral Discoveries In the gold mining industry, AI can help companies refine their approach to exploration and resource assessment. Using common geological work, AI algorithms can quickly and efficiently analyze and interpret broad datasets to pinpoint potential gold-bearing areas with shocking accuracy and speed. This expedites the exploration phase by creating something akin to a living, breathing exploration model which evolves as it is fed more data and uncovers areas of potential mineralization which may have been missed due to the sheer size of the dataset. In addition to this, AI has the potential to help minimize the environmental impact of mineral exploration by focusing activities on precise locations. Given the vast exploration potential of its newest asset, Calibre Mining has tapped an artificial intelligence group to leverage the power of advanced machine learning models to analyze and identify potential mineral targets around the Valentine Lake Gold mine in Newfoundland. An AI lens has never been applied to the Valentine Lake database in the past. A first pass by VRIFY has not only validated the company’s high priority targets, but already uncovered a number of high-conviction targets which have never been previously tested. Through the use of Calibre’s extensive proprietary database, VRIFY AI has created a detailed 3D model of potential mineral targets using sophisticated machine learning classifiers. Incorporating probabilistic values allows them to assess the accuracy and efficacy of these models. Calibre Mining says this innovative approach will enhance the precision of mineral targeting, provide valuable insight into new areas of potential mineralization and enable exploration teams to instantly access and apply machine learning at Valentine Lake. This should result in more intentional and potentially accurate drilling of mineral targets while prioritizing exploration spots and discovering previously unidentified mineral prospects. The AI tool has vast potential to pave the way for unbiased geological targeting and subjective data interpretation, accelerating exploration and improving the accuracy of mineral system identification for Calibre Mining. What’s Next? It’s already been an exciting 12 months for the Canadian-listed company, which outperformed last year’s projections by producing more than 283,000 ounces of gold in 2023. Calibre Mining recently took another step forward by acquiring Marathon Gold and its 100% interest in the Valentine Project – a 5 million-plus-ounce resource with significant exploration potential – in January. Since then, the company has completed 73% of the construction and 98% of the engineering on the fully-funded gold mine. The Valentine Project is housed in the central region of Newfoundland and Labrador, a top mining jurisdiction that is primed to become the largest gold mine on the Atlantic Ocean side of Canada. The acquisition will help Calibre Mining become a mid-tier gold producer, with annual production expected to reach about 500 koz by 2026, as estimated by the multiple analysts covering the company. Industry experts believe Valentine is an attractive project that adds significant production, exploration growth and jurisdictional diversification to the company. With first gold expected in Q2 2025, analysts estimate the asset will contribute an additional 195 koz of gold production, bringing Calibre's consolidated 2025 production to about 496 koz – a 78% increase from 2023. Overall, investors at Stifel and TD Cowen, among other companies, are bullish about Calibre Mining, whose repositioned jurisdictional profile should bring its asset mix to about 55% Nicaragua, 38% Canada and 8% U.S. by 2026, according to Stifel’s estimates. The two firms anticipate a respective 22% and 46% potential upside to its target price, based partially on management’s proven track record of execution and strong cash flow. From the company’s investor presentation; upon graduating from junior producer to mid-tier 400-500koz a year producer, Calibre is poised for a potential re-rate. Analysts at both firms have issued buy ratings for Calibre Mining, in part because investors place a premium on miners with lower or diversified political risk, particularly in the current global environment. As Calibre increases its scale, the company’s attractive valuation and growth prospects could help it narrow the valuation gap with its mid-tier peers as it increases its investor profile. With an impressive collection of assets, Calibre Mining is on the brink of a breakthrough. Artificial intelligence has the potential to further these developments. Featured photo by Shane McLendon on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. 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

July 10, 2024 09:15 AM Eastern Daylight Time

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Erectile Function Vs Erectile Dysfunction: How MangoRx’s (NASDAQ: MGRX) Product Sets Itself Apart and Caters to a Large Market (Pun Intended)

Benzinga

By Meg Flippin, Benzinga Ever since the pandemic, telemedicine has been taking off, and for good reason. It's easy, convenient and increases access for people around the globe. It can also be game-changing for men dealing with what they may consider embarrassing medical conditions like erectile dysfunction. After all, being seen online by a physician enables them to avoid any in-person awkward conversations. Not to mention it can be a lot cheaper and more accessible. And let's not forget the countless men who may not have a problem getting an erection but who want to enhance their performance and enjoy a prolonged and enhanced experience with their partner. They, too, can benefit from such products but often don’t obtain a prescription because they are embarrassed – such products are no longer only for erectile dysfunction but also for improved erectile function. Despite the benefits, it's only recently that men-focused healthcare companies have begun popping up online. They are changing the landscape, making it easy for men to seek help for conditions that aren’t life-threatening but can be life-altering, like ED or to simply keep it up for longer. Mangoceuticals, Inc. (NASDAQ: MGRX), which goes by MangoRx, is among them. It is taking the shame out of getting help and getting hard with its telemedicine platform and ED drugs, and is committed to a more accepting and educational approach to men’s health. Patients don’t have to come into an office to get a prescription. Everything is done online and in minutes. Fast delivery means customers are up and performing in no time. No Shame With MangoRx MangoRx is changing the narrative on ED with its fun and humorous brand voice meant to encourage and empower men to get the help they need. MangoRx uses cheeky humor and quite frankly straightforward language to market towards millions of men to, as they put it, simply have better sex. Taking the shame and awkwardness about common problem, the company is focused on developing, marketing and selling a variety of men’s health and wellness products in the area of ED, hair growth, weight loss and hormone replacement therapies. It leverages a telemedicine platform to discreetly treat its growing base of patients–it's a big market opportunity for MangoRx, especially for the treatment of ED. ED is a widespread and global problem that is rapidly growing, even among young adults. By the end of 2025 there are forecast to be about 322 million cases of ED. As a result, the market for ED drugs and treatments is projected to grow from $3 billion today to over $7 billion by 2032, representing a CAGR of 9% during the forecast period. Many cases of this treatable condition go undiagnosed, however, because of embarrassment. MangoRx’s opportunity isn’t only limited to men suffering from ED. The company’s product can also be used as a performance enhancer. With billions of men sexually active around the globe, the performance enhancement market is also a big one for the company. Drugs like Cialis and Viagra are household names, but there are others on the market that claim to offer benefits over the incumbent. MangoRx says it’s in that category. Its ED pill, Mango, is fast-acting, and the company says very effective. Mango hits the bloodstream in as little as ten minutes and lasts for up to four hours. That gives it a leg up over Viagra, which takes up to 60 minutes to work, and Cialis, which takes about 30 minutes. Treatments start at $12.50 a tablet, making it an affordable option compared to some of its rivals which include Hims & Hers (NYSE: HIMS), Maximus Tribe and Nu Image. Whether you are using it to perform or to enhance the experience, there is no pre-gaming or wining and dining with Mango. Ten minutes after taking the pill, you are ready to go for hours to come. Viagra And Cialis With A Twist Mango is created using a formula of the same active ingredients in Cialis (Tadalafil) and Viagra (Sildenafil). But instead of using just either of the two substances that have been proven to increase blood flow to the penis alone, Mango adds Oxytocin, the so-called love hormone that helps stimulate feelings of intimacy and L-Arginine, an amino acid that opens blood vessels and helps increase blood flow, to the mix. All four of the substances are FDA-approved and have been on the market for years. The result: a fast-acting pill that lasts for hours. Spontaneity is in with Mango. Developing a fast-acting ED pill that’s wallet-sized and tastes good is an achievement in itself, but MangoRx makes it easy to obtain the drugs, which is another game changer. Mango requires a prescription, but obtaining it is easy on MangoRx’s telemedicine platform. After completing an online telehealth visit, one of its network of medical providers will review and approve a prescription. MangoRx will ship it in a discreet box to maintain privacy. It's as simple as that, which appeals to its growing customer base. Sales in MangoRx’s first quarter rose 108%. Whether men need help with ED or want to enhance their sexual experiences, MangoRx makes it easy. The telemedicine platform is quick, easy and discreet. The pills are fast-acting, effective and affordable. With all that to offer, MangoRx seems to be on the way up – like its growing base of clients. Featured photo by Becca Tapert on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. 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

July 10, 2024 09:15 AM Eastern Daylight Time

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PRIVATE EQUITY VETERAN DANIEL HALL JOINS CLUB UNDERDOG AS MANAGING PARTNER

Club Underdog

Club Underdog, a subsidiary of North Sixth Group, today announced private equity industry veteran Daniel Hall has joined as Managing Partner. Prior to joining Club Underdog, Mr. Hall enjoyed a successful career in finance and legal services, including a decade-long stint as Partner at global private equity firm Ares Management. Most recently, Mr. Hall co-founded Pacific & Plains, an independent alternative credit investment firm. He previously served as General Counsel, Secretary and Chief Legal Officer of Ares Dynamic Credit Allocation Fund (NYSE: ARDC), a publicly traded credit fund. Mr. Hall began his career as an Associate and Senior Associate at law firms Norton Rose Fulbright and Clifford Chance. “Sports is one of the fastest-growing asset classes, and beyond the financial component, brings a sense of purpose, meaning and community that is important to me at this stage of my career,” said Daniel Hall. “I had the opportunity to invest in Club Underdog’s assets and get a first-hand experience of what was being built behind the scenes and it was inspiring and compelling both from a financial and social standpoint. As I became more acquainted with the vision and the capabilities of the leadership team, I was motivated to get involved as a Managing Partner.” Other partners in the ownership group include visionary entrepreneur and North Sixth Group CEO Morgan Harris and media and sports founder and executive Matt Rizzetta. “Welcoming Daniel as a Managing Partner is an important step forward in the vision and evolution of our Club Underdog portfolio,” said Morgan Harris, CEO of North Sixth Group, parent company of Club Underdog. “Having someone of Daniel’s pedigree and financial services acumen combined with our operating track record and skillset in the sports, media and marketing verticals, is a unique combination that few other multi-asset sports ownership groups can claim.” Under its Club Underdog subsidiary, North Sixth Group has a successful track record achieving sporting and business results for professional soccer clubs and franchises with rich tradition in strategic locations with high upside potential. Club Underdog is a multi-asset sports ownership entity wholly owned and operated by North Sixth Group, a New York and Los Angeles-based family office operating company. Within its portfolio, Club Underdog owns historic European football clubs Campobasso FC and Dagenham & Redbridge FC; American professional men’s and women’s franchise Brooklyn Football Club; and fast-growing football apparel company Diaza. For more information, visit www.n6clubunderdog.com. ABOUT CLUB UNDERDOG POWERED BY N6 Club Underdog is a multi-club sports entity wholly owned and operated by North Sixth Group, a New York and Los Angeles-based family office operating company. Under its ownership are historic sports clubs and assets including Campobasso FC, Dagenham & Redbridge FC, and Brooklyn FC. North Sixth Group became one of the first foreign ownership groups in history to achieve back-to-back promotions with Italian side Campobasso FC, bringing the club from the fifth tier to Serie C in just two years. In 2023, the group also made history as the first ownership group to bring an expansion football franchise to the Borough of Brooklyn. Kicking off in USL Super League and USL Championship in 2024 and 2025 respectively, Brooklyn FC is one of the only sports franchises in the United States to include a professional men’s and women’s team under the same platform. Contact Details N6 Group Zak Hawke +1 717-756-7536 ClubUnderdog@northsixthgroup.com Company Website https://n6clubunderdog.com/

July 10, 2024 09:00 AM Eastern Daylight Time

The Rising Demand for Whiskey: How Investors Can Capitalize on The Trend

Benzinga

Benzinga is excited to announce its upcoming webinar, "The Rising Demand for Whiskey: How Investors Can Capitalize on The Trend," scheduled for Thursday, July 11th, at 11:00 AM EST. This webinar will introduce you to the world of whiskey investing. Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth. Join us to hear from the industry experts and learn about how you can invest in whiskey and profit from this growing industry. Details: Title: The Rising Demand for Whiskey: How Investors Can Capitalize on The Trend Date: Thursday, July 11, 2024 Time: 11:00 AM EST Description: “The Rising Demand for Whiskey: How Investors Can Capitalize on The Trend” webinar will introduce you to the world of whiskey investing. Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth. Join us to hear from the industry experts and learn about how you can invest in whiskey and profit from this growing industry. Speakers: Anthony Zhang - CEO & Co-Founder at Vinovest Vincent Flint-Hill - Sales & Purchasing at The Single Cask This is a free virtual event. Don't miss this opportunity to gain valuable insights into whiskey investing— Register Here! For further details and registration, please visit the event registration page. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 events@benzinga.com Company Website http://www.benzinga.com

July 10, 2024 09:00 AM Eastern Daylight Time

Functional Medicine Network Strengthens Leadership with Appointment of Visionary Chief Financial Officer

Forum Health

Forum Health, LLC, the first nationwide network of integrative and functional medicine providers, is pleased to announce the appointment of Sean Whelan as its new chief financial officer. With a distinguished career spanning over three decades, including nearly two decades in healthcare services, Sean brings a proven track record and results-driven leadership to Forum Health. Learn more about Forum Health. Phil Hagerman, Forum Health CEO: "Mr. Whelan is an experienced financial executive with expertise in driving growth and leading transformation. His deep understanding of healthcare economics and commitment to financial stewardship will undoubtedly pilot Forum Health to the next phase of profitable growth.” As CFO, Whelan will lead strategic financial initiatives to enhance operational efficiency, mitigate risks, and foster expansion in a dynamic healthcare environment. Additionally, he will implement robust financial planning, foster stakeholder relationships, and guide investments in innovation and compliance, to ensure Forum Health remains competitive and resilient while delivering superior patient care. Sean Whelan, Forum Health CFO: "I am honored to join such a talented, forward-thinking leadership team at Forum Health that is at the forefront of redefining healthcare. Together, we will continue to push the boundaries of what is possible and deliver exceptional outcomes for our patients, clinics and many stakeholders." Whelan's accomplished background includes CFO roles at InfuSystem Holdings (NYSE MKT: INFU), Diplomat Pharmacy (NYSE: DPLO), and Smile America Partners, and both CEO and CFO roles at Encore Rehabilitation Services. At Diplomat, he led the company’s successful 2014 Initial Public Offering, and helped grow the business from $200 million to $4.5 billion during his tenure. He has held key leadership roles in closely held, private equity backed, and public companies. Sean also presently serves on the Board of Directors of Zomedica (NYSE MKT: ZOM) and the University of Michigan’s Ross School of Business Alumni Board of Governors. For more information about Forum Health and its services, please visit www.forumhealth.com. About Forum Health, LLC Forum Health, LLC is a nationwide provider of personalized healthcare steeped in the powerful principles of functional and integrative medicine. Our providers take a root-cause approach to care exploring lifestyle, environment, and genetics to help each patient achieve their ultimate health goals. Members have access to advanced medical treatments and technology, with care plans informed by data analytics and collaborative relationships. For more, visit www.forumhealth.com. Contact Details Forum Health Britt Wittelsberger +1 410-852-0738 bwittelsberger@forumhealth.com Company Website https://forumhealth.com

July 10, 2024 08:50 AM Eastern Daylight Time

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Could AI Threaten The Grid? Companies Like BEN Are Bringing Efficient AI Technology To The Forefront

Benzinga

By Meg Flippin, Benzinga Artificial intelligence is changing the world, but it’s coming at a heavy cost. Training and using AI models requires power – lots of power, which is taking an increasing toll on the national infrastructure, the cost of operations and the environment. Just one request on ChatGPT requires almost ten times more electricity than a Google search, and the AI service has a daily power consumption roughly equal to 180,000 U.S. households. Furthermore, a single ChatGPT conversation uses almost 17 ounces of water – a little more than a standard bottle of drinking water… and that’s just one AI model in a single AI service. We’ve all seen the AI market expanding at unprecedented rates, with companies vying for a piece of the exploding market. To support this tidal wave of technology, data centers are being built as fast as possible, requiring enormous amounts of specialized processors, massive security infrastructures and lots of electricity. Over the next decade, electricity demand from these types of data centers is projected to double and by 2040, 14% of global emissions will come from the Information and Communications Technology (ICT) industry, driven by these infrastructures. Over the next 15 years, Amazon.com Inc. ( NASDAQ: AMZN) alone is expected to spend more than $150 billion building new data centers to support its own AI efforts. The U.S. power grid simply won’t be able to handle the increased load without significant investment – Goldman Sachs pegs the required investment at $50+ billion. This comes at a time when the nation is already committed to significant investments to upgrade the grid ( $22 billion since 2021 ) to support the growing demands arising from national initiatives to transition away from natural gas appliances, EV market expansion, crypto mining operations, domestic manufacturing and the increasing need to safeguard against disruptions caused from extreme weather events or heightening risk of cyberattacks. Solutions To Big Problems Can Be Surprisingly Small We've faced similar challenges before; in 2023, we transitioned from incandescent light bulbs to energy-efficient alternatives at the federal level to alleviate power demands on our national infrastructure. Although no individual light bulb posed a substantial problem, the sheer volume made a significant impact. Similarly, AI applications are now emerging, showcasing a wide range of uses and potentially being limited only by their efficiency at scale. The current state of AI mimics the introduction of electricity as it’s posed to enable major new industries and drive economies. Today AI relies heavily on Graphics Processing Units (GPUs), which are specialized processors originally designed to accelerate graphics rendering. The parallel structure of GPUs is also ideal for traditional AI model training of applications and is used broadly in the Artificial Intelligence of Things (AIoT), which raises efficiency concerns at scale. AI companies are effectively over-deploying the most advanced, energy-intensive processors to fulfill some of their simplest application needs. While a one-size-fits-all approach can work in early AI applications, it simply can’t be the sustainable standard for all AI implementations. The inability to adapt the security, scalability and efficiency of AI solutions to specific applications is not unlike driving a tractor trailer to pick up your groceries. While it will certainly do the job it’s not optimized for most tasks as it is tremendously inefficient as well as expensive. It’s this mismatch between application needs that leads to a huge array of unintended consequences. The growing demand for AI is undeniable, but when AI relies on GPUs, the resultant applications overburden our already fragile infrastructure. AI companies need to look for alternative ways to bring application needs into alignment to deviate away from this path that could threaten our infrastructure. Companies like Brand Engagement Network Inc. or BEN (NASDAQ: BNAI), realize this and have optimized their solutions to deliver the power and performance of AI while doing it in a way that can be scalable and supportable. BEN’s ELM – A Solution To The Power Problem So how does BEN do it? Through its Efficient Language Models (ELMs): a combination of sectioning and optimization of language models for specialized tasking. This patent-pending technology concentrates on efficiency and application specialization, which contrasts with more traditional LLMs like those used by OpenAI’s ChatGPT that attempt to generalize everything into an indiscriminate model for generative purposes. Although this may seem like a small distinction, the computational and processing power required in each approach differs significantly. When traditional LLMs utilize all-inclusive models, it means their solutions are not defined. They task their AI solution to address all needs of all challenges or applications. Not only does this increase the likelihood of generated errors but it also demands massive parallel processing and, when operating with the motive of timely responses, necessitates the use of GPUs. BEN’s ELM, on the other hand, focuses on defined application needs and allows a secure, small footprint, and concentrated solution. This means that solutions targeted with the ELM can run with the limited resources of CPUs, which are more readily available, significantly lower cost, and use less processing power. Dependencies on CPUs provide many more deployment options, including SaaS, Private Cloud, Mobile, and On Prem solutions where industries such as Healthcare and Financial Services have struggled to minimize the potential risk of data breaches and leakages. Typically, CPUs are significantly cheaper to deploy & operate, already established in the market, and most importantly, available in large quantities. This is not the case with GPUs, which are in the midst of an availability issue that has even forced Elon Musk to get creative with the procurement of these processing units for his various companies. ELM + RAFT: Powerful Yet Efficient Combination BEN’s ELM also augments RAFT (Retrieval Augmented Fine-Tuning) systems to ensure its applications are reliable, predictable and efficient. A significant challenge posed by AI is the risk of ‘hallucinations’ where AI gives misleading or outright false answers as a result of the AI being built on unknown data sources and designed to generate a response no matter what. Hallucinations are a lot like the wasted heat energy from incandescent lights. They still demand the same power to generate the response but are an unintended consequence of traditional LLM technology. Some estimations indicate that hallucinations can occur as often as 27% of the time. BEN’s ELM draws from carefully selected and validated data sets, meaning false information cannot be presented or retrieved unless explicitly intended. "More than generative AI, we like to call it retrieval AI," said Paul Chang, BEN’s Co-CEO, in a recent interview. BEN’s use of much smaller data parameters than larger models like ChatGPT enables it to offer AI that is scalable and can be tailored to specific use cases at a lower cost and with less energy demands and waste. BEN’s CPU-friendly and hallucination-averse approach has not been lost on its growing customer base, which is drawn to BEN because of its innovative and purposeful AI, optimized for efficiency, scalability and security. From healthcare to financial services, BEN customers choose BEN for a multitude of reasons. AI has the potential to change the world for the better, but it has to be done in a way that is conducive to our infrastructure and our environment. With growing demands on the grid, companies like BEN are bringing powerful and impactful AI to the masses – all the while ensuring it can be supported in the long term. Featured photo by Zosia Szopka on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. 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

July 10, 2024 08:45 AM Eastern Daylight Time

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Bitdeer (NASDAQ: BTDR) Announces Strategic Ohio Land Deal, Expands Power Capacity To 2.5 GW Amid AI And HPC Push

Benzinga

By Gerelyn Terzo, Benzinga Energy is critical to the Bitcoin mining process. Without it, Bitcoin miners wouldn’t be able to access the massive amounts of computing power required to secure the blockchain. The Bitcoin community also relies on miners to bring new Bitcoin into supply and maintain proper liquidity in the market. While the Bitcoin price has retreated from its record high of $70,000, the bulls could regain control at any moment. Some, like Standard Chartered, are even forecasting that the price of Bitcoin could hit an all-time high in August. For miners to optimize their profits, they need to find cheap, scalable power sites. On cue, Bitcoin mining leader Bitdeer Technologies (NASDAQ: BTDR) has enhanced its competitive position with a new 570-MW power agreement in the U.S. Midwest for the energy-intensive process of Bitcoin mining. Through a new partnership with Ohio’s Monroe County Port Authority (MCPA), Bitdeer is bolstering its power access in the Buckeye State and potential to grow its computing power for either Bitcoin mining or high-performance computing. Bitdeer has signed a 30-year lease agreement for a Bitcoin mining facility strategically located in Clarington, Ohio, giving the company access to a power facility that was previously used for aluminum production. The facility is situated in a relatively cooler climate – one that is conducive to Bitcoin mining and helps to maximize efficiency for computing.. As a result of the expansion, Bitdeer will harness up to 570 MW of additional power capacity, bolstering its total infrastructure development pipeline to 2.5 GW globally. As lessor of the property for the next three decades, Bitdeer will benefit from existing power infrastructure, including utility switchyards and transmission lines, which can accommodate Bitdeer’s hyperscale computing load. Of the additional 570 MW of power capacity, Bitdeer expects the first 266 MW to be available in Q3 2025, with the balance of the power under review to be officially integrated into the regional transmission planning process. The site could also support broader partnerships amid soaring demand for electricity access for generative artificial intelligence (AI) and machine learning applications. Bitdeer’s platform is used for Bitcoin mining, high-performance computing (HPC) and AI, allowing users to process data speedily and effectively. The company, which is run by Jihan Wu, an early-mover in ASIC development, recently unveiled SEAL01, Bitdeer’s first chip that amplifies Bitcoin mining efficiency. “The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our growth ambitions in Bitcoin mining and HPC and AI," said Linghui Kong, Bitdeer’s Chief Business Officer. Monroe County’s Economic Development Committee expressed its excitement to have Bitdeer join its community. Additionally, Taylor Stepp, Ernst & Young’s Investment, Credits and Incentives Manager, cheered the development, noting that a great deal of hard work made the partnership possible. For its part, Monroe County has been capitalizing on opportunity zones for the past several years in an effort to lure high-tech data centers to the area. Meanwhile, the state of Ohio has made strides on the green energy front, including a partnership between the University of Dayton and utility AES Ohio for an innovative waste-to-heat renewable power project. Bitdeer operates six Bitcoin mining facilities globally across 895 MW of electricity capacity as of Q1 2024. Bitdeer’s stock gained on the announcement of the partnership on June 28. Wall Street Analysts Bullish On Bitdeer Stock Amid Near-Term Catalysts As a blockchain stock, Bitdeer has captured the attention of Wall Street analysts of late as the company continues to make progress on its strategic, innovation-driven roadmap. Most recently, Roth MKM analyst Darren Aftahi reissued his “buy” rating on Bitdeer stock with a $14 price target, compared to the stock’s current price of about $12. Other sell-side analysts have also shared their bullish thoughts on the stock, including Benchmark, BTIG Research and HC Wainwright, all of which have similarly set “buy” ratings on BTDR shares over the past few months. The company, as mentioned previously, also recently unveiled SEAL01, its first chip that amplifies Bitcoin mining efficiency. Cantor Fitzgerald lifted its rating on the stock to an “outperform” in June, citing the company’s diversified business model and the potential of its commercial Bitcoin mining rig division, which is in addition to its proprietary Bitcoin mining operations. As mentioned earlier, market prognosticators predict the price of Bitcoin will reach yet another fresh all-time high this year, owing to historical trends and strengthening demand, according to a CCData report. In response, miners are chomping at the bit to expand access to electricity. Bitdeer’s pioneering industry position could allow the company to support the Bitcoin mining industry in the next wave of price growth and technical innovation in the blockchain space with its in-house chip development and massive power pipeline. Featured photo by geralt on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. 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

July 10, 2024 08:45 AM Eastern Daylight Time

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Green Lantern Solar Sells Community Solar Projects in Maine to Madison Energy Infrastructure

Green Lantern Solar

Green Lantern Solar, an innovative and trusted renewable energy developer, has closed on the sale of two fully permitted community solar projects in Maine to Madison Energy Infrastructure. Both projects, each with a capacity of 975 kilowatts (kW) AC, are under construction and expected to be completed in 2024. The Mechanic Falls solar project is 1504.2 kW DC located on 7.748 acres in Mechanic Falls, Maine and is expected to produce 1,845,653 kilowatt hours (kWh) annually. The Roosevelt Trail solar project in Windham, Maine, features a system size of 1684.8 kW DC located on 11.24 acres. This project is anticipated to generate 1,930,780 kWh annually. “We are thrilled to close on the sales of these two fully developed and permitted solar projects to our partner Madison Energy Infrastructure, which we hope are the first of many,” said Scott Buckley, President of Green Lantern Solar. “Our goal is to meticulously prepare the best solar projects in optimum locations to ensure that communities and businesses across our footprint can benefit from the clean energy economy. By leveraging local outreach, our deep real estate, engineering and construction expertise and significant transactional efficiencies cultivated over our 15 years in business, Green Lantern Solar’s projects meet the highest standard for acquisition by long-term owner-operators.” These acquisitions underscore Green Lantern Solar’s commitment to accelerating the adoption of renewable energy solutions and advancing sustainability efforts in Maine and beyond. “I’ve long admired Green Lantern Solar’s approach to project development,” said Richard Walsh, CEO at Madison Energy Infrastructure. “Their meticulous site selection and focus on community engagement mirror our own values, and this partnership on these Maine projects is a perfect example. We’re proud to collaborate together to deliver on the promise of clean energy.” The completion of this transaction marks a significant milestone for Green Lantern Solar and Madison Energy Infrastructure, as they collaborate to deliver on the promise of a green energy future. About Green Lantern Solar Since 2011 Green Lantern Solar has advanced the development, construction and operation of more than 125 community solar projects and commercial solar solutions for municipal, education, healthcare and government entities. Green Lantern works with landowners to revitalize and re-develop low-value sites such as brownfields, landfills, quarries/pits/extraction sites and other challenging real estate. For more information, visit www.greenlanternsolar.com on LinkedIn and @GrnLntrnSolar on X (Twitter). About Madison Energy Infrastructure Madison Energy Infrastructure is a leading clean energy partner committed to delivering sustainable results with certainty, speed, and trust. Our robust portfolio—comprised of over half a gigawatt of clean energy infrastructure assets across more than 25 states—is bolstered by the strength of our globally renowned investors and capital partners. We offer a comprehensive suite of services from project development and engineering to construction, financing, and long-term asset management. What sets us apart is our team's commitment to addressing complex challenges and making the transition to clean energy simple, efficient, and profitable. With a proven track record of successfully executing hundreds of projects, we are unwaveringly focused on exceeding expectations and achieving meaningful results for our partners and customers. Learn more at www.madisonei.com. Contact Details Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates Company Website https://www.greenlanternsolar.com/

July 10, 2024 08:42 AM Eastern Daylight Time

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