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Hearing Notice – Application to Terminate Membership in the matter of Gravitas Securities Inc.

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TORONTO, July 29, 2024 /CNW/ – An application brought by Enforcement Staff of the Canadian Investment Regulatory Organization (CIRO) for an order expelling Gravitas Securities Inc. (Gravitas) from CIRO and terminating its rights and privileges of membership pursuant to the Investment Dealer and Partially Consolidated Rules has been scheduled before a hearing panel.

Gravitas’ membership in CIRO was suspended by a protective order made on June 8, 2023.

Gravitas has consented to the order sought in the application.

The application will be heard in writing on August 7, 2024 at 10:00 a.m. (Eastern Time).

The decision of the hearing panel will be made available at www.ciro.ca.

Gravitas Securities Inc. – Notice of Application for Protective Order

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO’s website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

SOURCE Canadian Investment Regulatory Organization (CIRO)

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Global Times: 75 years on, China emerges from a follower en route to becoming a major global tech powerhouse

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BEIJING, Sept. 30, 2024 /PRNewswire/ — A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China’s Hubei Province, starts her day by waking up and sitting before a made-in-China “magical mirror” or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time.

After breakfast, she hails a Robotaxis from Apollo Go, Baidu’s autonomous ride-hailing platform, gets in the taxi and immediately opens a Huawei laptop embedded with AI assistant, to prepare for her work. Her work schedule and a brief PowerPoint for her upcoming meetings are in place by the time she arrives at the office. So she immediately holds several quick meetings with her colleagues, with meeting minutes automatically generated by AI chatbot Kimi, developed by Chinese start-up Moonshot AI.

In the afternoon, Wang heads to a foreign company to discuss a potential partnership with the firm’s foreign CEO, during which iFlytek’s AI-powered translator provides real-time translation and makes the communication very efficient. She also tours the company’s intelligent factory and is wooed by a number of Chinese-made humanoid “quality inspector” robots patrolling the plant.

The widespread use of AI is also penetrating Wang’s leisure time as she plays the market-hit Chinese video game Black Myth: Wukong at night before going to bed. The blockbuster game has been applauded for the groundbreaking application of AI to enhance the behaviors of non-player characters (NPCs).

The daily routine of Wang, who is at the forefront of interacting with AI technology, epitomizes how the fast-lane development of AI technology, among other homegrown technological innovations, has been notably transforming every aspect of an ordinary Chinese and how the country has been marching forward toward tech modernization with robust steps. It also represents one of the startling breakthroughs in China’s drive toward sci-tech self-reliance – a progress made in a very short period of time.

October 1 marks the 75th anniversary of the founding of PRC. Back to 75 years ago, China was a nascent player in technological endeavors, with scientific and technological foundation close to naught. However, in the past 75 years, China has made a huge leap forward in the technological field, emerging from a laggard, a follower to a pioneering force en route to becoming a major global technological powerhouse.

Industry insiders said that the steady emergence of scientific and technological innovation achievements is largely attributed to the innovation-driven development strategy advocated by the country’s leadership, its capacity to devise a systematic, holistic and coordinated approach and the national innovation system that rallies top-down efforts toward a common goal.

China’s steady steps made in technological modernization in the past years also offer a vivid manifestation of the connotation of Chinese modernization, which – according to industry insiders – is a unique path that practices the concept of open, fair, just and non-discriminatory cooperation in sci-tech, while presenting a viable alternative of technological cooperation for developing countries, particularly those in the Global South.

Profound transformation

“On the technological front, China has been catching up at an extremely rapid pace, moving from being a follower to be on par with global leaders step by step. This shift in recent years has been particularly evident with the rise of China-developed large AI models, which has helped foster a unique economic development model that is driven by new quality productive forces,” Zhou Hongyi, founder and chairman of 360 Security Technology, told the Global Times.

Maya Majueran, director of Belt & Road Initiative Sri Lanka, said that the key to China’s technological climb-up lies in the CPC leadership’s innovation-driven development strategy. “It concentrates the nation’s innovation resources around strategic priorities and focuses on fostering a culture that spurs science and technological innovation,” he said.

China’s sci-tech modernization and innovation has played a vital and pillar role in pursuing Chinese modernization and high-quality development.

China’s technological roadmap is a path of independent innovation with Chinese characteristics. China is spearheading an open course for global cooperation and building bridges for tech know-how transfer, analysts noted.

China’s technological modernization encapsulates the longing of developing countries to build a new global order, under which the benefits of technological advancement should be shared equally, analysts said.

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SOURCE Global Times

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Fujitsu launches “Takane” – A large language model for enterprises offering the highest Japanese language proficiency in the world

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With collaboration from Cohere, Fujitsu promotes the utilization of generative AI by achieving advanced customization in a secure private environment

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Fujitsu launches Takane, a Japanese-language large language model (LLM) designed for secure enterprise useIntegrated into Fujitsu’s AI service Fujitsu Kozuchi and offered through the all-in-one operation platform Fujitsu Data Intelligence PaaS (DI PaaS)Specialized and tailored for industry-specific use and trained for the Japanese language (world-class score on the JGLUE benchmark) to address the challenges of using LLMs in sensitive industries that require a high degree of accuracy and reliability

TOKYO, Sept. 30, 2024 /PRNewswire/ — Fujitsu today announced the launch of Takane, a large language model (LLM) designed for enterprise use in secure private environments. Developed in collaboration with Cohere Inc., (1) Takane represents a significant leap forward in generative AI capabilities, offering world-class Japanese language capabilities.

Fujitsu will integrate this new LLM into its generative AI services on Fujitsu Kozuchi and offer it through Fujitsu Data Intelligence PaaS (DI PaaS), an all-in-one operation platform that is part of Fujitsu Uvance, Fujitsu’s portfolio of solutions addressing cross-industry societal challenges. Takane will be available globally starting September 30, 2024.

Takane, which has achieved world-leading results on the Japanese General Language Understanding Evaluation (JGLUE) benchmark (2), is designed for enterprise use in a secure private environment. Fujitsu will offer Takane alongside its generative AI framework for enterprises which comprises knowledge graph extended RAG technology for referencing large-scale text and monitoring technology for generative AI that ensures output is compliant with laws, regulations, and corporate rules. With this comprehensive approach, Fujitsu aims to create an LLM that supports customers’ business transformation.

With the launch of Takane, Fujitsu elevates its generative AI offerings on Fujitsu Kozuchi with a high-precision LLM tailored for secure private environments. This strategic move aligns with Fujitsu’s vision for seamlessly integrating generative AI into business operations.

Takane will also be provided under an initiative to deliver total support for customers’ generative AI journeys by combining the LLM with its Uvance Wayfinders consulting service and broader Fujitsu Uvance offerings. With this comprehensive approach, Fujitsu aims to empower customers to unlock new value and address societal issues by enhancing productivity, creativity, and innovation in their business operations.

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SOURCE Fujitsu Limited

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Hettich India Achieves Remarkable Success at Asia Pacific HRM Awards and Global HR Excellence Awards

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MUMBAI, India, Sept. 30, 2024 /PRNewswire/ — Hettich India proudly announces its success at the Asia Pacific HRM Awards and Top 10 Global HR Excellence Awards, receiving three prestigious honors.

Mr. Amit Prasad, Chief Human Resources Officer at Hettich India, earned the “Exemplary Leader Award” and a Top 10 Global HR Excellence Award for his outstanding leadership. Additionally, Hettich India won the “Best Workplace Practices Award” for its exceptional HR initiatives, underscoring its commitment to fostering a positive work environment that promotes growth and innovation.

“Exemplary Leader Award” and “Top 10 Global HR Excellence Award” for Mr. Amit Prasad

As a leader, Mr. Amit Prasad has been recognized for his strategic vision, expertise, and dedication to creating an empowering work culture. Reflecting on the awards, Mr. Prasad said, “I am truly honored to receive these recognitions. This acknowledgment reflects the collective effort and the vibrant culture we have built at Hettich India. This recognition motivates us towards further excellence in HR practices.”

The jury recognized Mr. Prasad’s contributions in driving positive change and impact on the industry.

“Best Workplace Practices Award” for Hettich India

This is a recognition of Hettich India’s commitment to fostering a supportive and innovative workplace. Initiatives such as the ‘Akademie’ program in collaboration with Symbiosis Institute, aim to equip employees with essential skills for future challenges. The “My Daughter My Pride” initiative supports the education of Hettich employees’ daughters, showcasing the company’s focus on diversity and inclusion.

Mr. Andre Eckholt, Managing Director of Hettich India, stated, “These awards reflect our dedication to creating an inclusive workplace where our people can thrive. This recognition reinforces our commitment to a positive workplace culture.”

The awards show was attended by industry leaders and HR professionals from the Asia-Pacific region. These awards affirm Hettich India’s belief that investing in people drives organizational growth and success.

About Hettich

Founded in 1888, Hettich is a premium international manufacturer of furniture fittings and hardware, renowned for its innovative solutions and commitment to excellence. Headquartered in Kirchlengern, Germany, the company operates globally, delivering cutting-edge products that enhance both residential and commercial environments.

Contact Details:
Samina Zaidi,
+91 8655706940, 
samina.zaidi@hettich.com

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