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Kognic Honored as Sensor Perception Solution of the Year by The Tech.AD USA Awards 2023

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Helps enterprises assemble efficient ground-truth data pipelines to manage sensor-fusion datasets

DEARBORN, Mich., Dec. 8, 2023 /PRNewswire-PRWeb/ — Kognic, industry leader in dataset management for safety-critical AI, today announced that it has been selected as a winner of The Tech.AD USA Award 2023 as the leading Sensor Perception solution of the year.

“Kognic is helping to pioneer new ways of thinking and working to create safer, more reliable approaches to embodied AI applications such as autonomous driving,” said Oscar Petersson, Co-Founder and CFO.

Kognic provides a dataset management platform that helps enterprises assemble efficient ground-truth data pipelines for sensor-fusion datasets. The Kognic Platform accelerates Machine Learning (ML) for performance-critical, embodied Artificial Intelligence (AI) applications such as autonomous driving and robotics. Founded in 2018 by engineering physicists with extensive experience in the field of Deep Learning, Kognic’s platform has become a core toolset in the fields of Advanced Driving Assistance Systems and Autonomous Driving, and is currently being used by technology leaders such as Qualcomm, Bosch, Continental and Zenseact, which provide ADAS / AD systems that power vehicles for global OEMs such as BMW, Ford and Volvo Cars.

“A paradigm shift in product value requires a paradigm shift in development tools and processes, and that is exactly what we are seeking to provide for the automotive industry with the Kognic platform,” said Daniel Langkilde, CEO and Co-Founder at Kognic. “We believe that the future of ML-based automotive product development hinges on managing evolving datasets, and we look forward to collaborating with leading customers seeking to deploy trusted and high-performing perception systems.”

The Tech.AD USA Award exclusively honors extraordinary projects in the automotive industry and celebrates exceptional solutions and innovations. An expert jury evaluates nominees on the basis of five criteria: innovation, simplicity, achievement, maturity, and cost effectiveness. Taking place on the first event day of Tech.AD USA 2023 in Dearborn, MI, the award ceremony brings the nominees the recognition they deserve with the largest community of autonomous driving decision-makers in North America.

The Kognic Platform is built upon an industry-leading annotation engine which enables multi-sensor fusion – merging data from sensors such as radar, LiDAR and camera. With intuitive interfaces for visualizing complex sequences, Kognic’s solution speeds AI product teams’ efforts to explore, shape and explain their datasets. The fine-tuning capabilities of the solution provide significant efficiencies that are essential to gaining leverage on improving model performance for perception.

Kognic’s Prediction Gap Lens, a key component of the solution, helps teams discover critical anomalies by comparing annotations to predictions by allowing identification of discrepancies between annotations and predictions, thus enabling teams to enhance model performance. Teams can filter and select objects that require further inspection and correction, allowing annotations to be iteratively optimized for review and fine-tuning with ease. Ensuring your dataset is refined and accurate is the best method for faster development cycles that carry a high bar for performance and safety.

“Many key players in the automotive industry are in the process of transforming themselves from traditional manufacturing entities to software-driven technology innovators, and are now recognizing the importance of data as a key element of product value,” said Oscar Petersson, Co-Founder and CFO. “But putting data at the center of their operations can be a challenge – both for their teams and for their technology suppliers. Kognic is helping to pioneer new ways of thinking and working to create safer, more reliable approaches to embodied AI applications such as autonomous driving.”

For more information about Kognic, please visit https://www.kognic.com/.

About Kognic

Founded in 2018 by pioneering engineering physicists working in the field of Deep Learning, Kognic is taking on the most challenging area in Machine Learning: the quest to help machines reliably make sense of a messy, chaotic, and unstructured world. Kognic’s dataset management platform is a critical solution in industries such as Automotive, Robotics, Manufacturing and Fulfillment to deliver trusted, high-performance AI applications. Kognic is headquartered in Sweden with teams in Germany, Eastern Europe, the USA and Japan serving global enterprise customers. For more information, please visit https://www.kognic.com/.

Media Contact

Steven Spieczny, Kognic, 1 (415) 260-6094, steven.spieczny@kognic.com, https://www.kognic.com/

Rebecca West, Helium Communications, 1 (415) 260-6094, rebecca@heliumcommunications.net, https://www.heliumcommunications.net/

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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