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UST Launches ‘UST Retail GenAI platform’ – Transforming Retail Operations with Generative AI-Driven Solutions

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Designed for the retail sector, the UST Retail GenAI Platform empowers businesses with end-to-end operational enhancements, driving efficiency and growth.Purpose-built for retailers, the UST Retail GenAI Platform delivers comprehensive tools to optimize every facet of retail operations, from logistics to customer experience.

LONDON, Sept. 13, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has unveiled its ‘UST Retail GenAI platform’ at the London Innovation Lab. Steve Rempel, SVP & International CIO at Walgreens Boots Alliance, inaugurated this pioneering platform to transform retail operations through the power of Generative AI. Steve shared valuable insights on critical success factors to enable GenAI adoption, including the need to appreciate the trust cycle while planning various investments. Prior to the inauguration, UST’s CEO, Krishna Sudheendra, shared the focus with which UST is championing the adoption of Generative AI, including the in-house program to train 25,000 employees on GenAI.

AI has the potential to unlock between $400B and $660B in economic value for the retail industry, according to research. However, few companies have fully realized the potential of new technologies. Developed in-house by UST’s technology and industry sector experts, the platform combines established business models with key GenAI capabilities such as search, summarization, automation, and creation to revolutionize retail practices.

This state-of-the-art platform enables larger business teams to have an out-of-box experience for scenarios in the retail enterprise that would benefit from GenAI-led investments. The platform maps the alignment between GenAI and business capabilities, allowing for more effective decision-making. The UST Retail GenAI platform enables retailers to safely and swiftly pilot GenAI-driven solutions, test various scenarios and outcomes, accelerate innovation, and optimize operations. Retailers can conceptualize and plan their AI strategies with the help of scenario cards, which integrate the ‘Enterprise knowhow’ to address specific challenges.

“At UST, we’ve partnered with six of the world’s top ten retailers, transforming their businesses. While AI is already transforming retail operations, we still need to unlock its full potential. The UST Retail GenAI Platform offers a structured approach for exploring generative AI scenarios, marking a significant milestone in our mission to revolutionize retail operations through the power of generative AI. This is aligned to our focus on building platforms that can help scale the adoption of GenAI-led ways of working,” said Krishna Sudheendra, Chief Executive Officer, UST.

The benefits of investing in digital transformation and specifically AI were echoed in a recent survey commissioned by UST, where respondents cited building resilience to cope with future disruption the highest, increasing profitability, and improving sustainability as key outcomes of technological advancements within their business. UST AlphaAI consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.

Media Contacts, UST: 

Tinu Cherian Abraham
+1 (949) 415-9857
Merrick Laravea
+1 (949) 416-6212
Neha Misri
+44-7341787926
Roshini Das K
+91-7736795557
media.relations@ust.com

Media Contacts, India:

Adfactors PR
ust@adfactorspr.com

Media Contacts, U.S.:

S&C PR
+1-646.941.9139
media@scprgroup.com
Makovsky
ust@makovsky.com 

Media Contacts, U.K.:

FTI Consulting
UST@fticonsulting.com

 

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Unleashing the Future of Vision AI: Alif and Edge Impulse Upgrade Edge Deployments with Powerful Computer Vision and Full Support for Nvidia’s TAO Toolkit

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Alif Semiconductor hosts a demonstration at Electronica of an AI vision application created using transfer learning in the TAO toolkit, and deployed to an Ensemble MCU via the Edge Impulse platform

PLEASANTON, Calif., Nov. 11, 2024 /PRNewswire/ — Alif Semiconductor®, a leading global supplier of secure, connected, power efficient Artificial Intelligence and Machine Learning (AI/ML) microcontrollers (MCUs) and fusion processors, along with Edge AI development platform Edge Impulse, today announced a significant breakthrough in implementing AI vision processing on edge microcontrollers. This is achieved through the introduction of full support for Nvidia’s TAO model training toolkit on the Ensemble® and Balletto™ MCU families and the Edge Impulse platform.

The TAO toolkit has generated considerable enthusiasm among developers of edge AI devices due to its provision of extensive training datasets for common vision processing applications, and its support for transfer learning from pre-trained models. This innovation promises to substantially reduce the cost, time and effort which embedded device OEMs typically invest into model development for AI vision applications.

Until now, deploying TAO-trained models on low-power MCUs for edge applications has been untested and unproven. Now, with the complete integration of Nvidia TAO into its platform, Edge Impulse has established a streamlined process for deploying TAO models on the Alif Ensemble and Balletto families of MCUs and fusion processors. Fully integrated into the Edge Impulse platform, Alif’s products feature the Arm® Ethos™-U55, a neural processing unit (NPU) for which Nvidia has optimized the TAO toolkit.

Embedded developers seeking to implement AI vision applications, such as people counting, intruder detection, or robotics, can now utilize the TAO training toolkit and its dataset, confidently deploying either a pre-trained TAO model or a custom model developed through transfer learning via Edge Impulse on Alif Ensemble or Balletto MCUs.

Henrik Flodell, Senior Marketing Director at Alif Semiconductor, stated, “With Alif’s AI-optimized MCU ecosystem, high-end embedded vision processing is transitioning from large, expensive microprocessors to next-generation edge MCUs. The integration of the TAO toolkit by Edge Impulse has significantly streamlined the development and deployment of AI vision processing models on Alif MCUs.”

Adam Benzion, SVP Partnerships at Edge Impulse, added, “The TAO toolkit accelerates the generation of effective ML models, but it doesn’t address the deployment of these models on edge-optimized hardware. Together with Alif, we have solved this challenge by providing a fully integrated workflow from the TAO toolkit’s pre-trained models to deployment on Alif edge MCUs.”

Attendees can view the Alif/Edge Impulse demonstration of advanced AI vision processing on an Ensemble MCU at Electronica in the Alif Semiconductor booth B4.106 (Munich, Germany, 12-15 November 2024).

To learn more about the Ensemble and Balletto families of edge MCUs and fusion processors, please visit alifsemi.com. To learn more about the Edge Impulse development and deployment platform for AI at the edge, please visit edgeimpulse.com.

About Alif Semiconductor

Alif Semiconductor is the industry-leading supplier of next-generation secure AI/ML-enabled 32-bit microcontrollers. Since 2019, Alif’s expanding offering of microcontrollers and fusion processors has been revolutionizing the way developers can create broad, scalable, and connected AI-enabled embedded applications that are genuinely power efficient. Alif Semiconductor is the only choice for power efficient microcontrollers that can handle heavy AI and ML workloads for battery-operated IoT devices. For more information go to  https://alifsemi.com/.

Photo – https://mma.prnewswire.com/media/2552994/ALIF_Ensemble_Balletto.jpg

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ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

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TAIPEI, Nov. 11, 2024 /PRNewswire/ — ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), announces its unaudited consolidated net revenues for October 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

Oct

Sept

Oct

Sequential

YoY

(NT$ Million)

2024

2024

2023

Change

Change

Net Revenues

56,426

55,579

56,167

+1.5 %

+0.5 %

Oct

Sept

Oct

Sequential

YoY

(US$ Million)

2024

2024

2023

Change

Change

Net Revenues

1,766

1,739

1,746

+1.6 %

+1.2 %

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

Oct

Sept

Oct

Sequential

YoY

(NT$ Million)

2024

2024

2023

Change

Change

Net Revenues

29,320

29,172

28,340

+0.5 %

+3.5 %

Oct

Sept

Oct

Sequential

YoY

(US$ Million)

2024

2024

2023

Change

Change

Net Revenues

918

913

881

+0.6 %

+4.2 %

*This press release is intended to comply with Taiwan regulatory requirements.

Safe Harbor Notice:

This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2023 Annual Report on Form 20-F filed on April 3, 2024.

Investor Relations Contact:

ir@aseglobal.com

Tel: +886.2.6636.5678

https://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

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Reown and Mesh Announce Bitcoin Ownership Verification to Comply with European Travel Rule Guidelines

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The announcement comes during DevCon week in Bangkok and expands Mesh’s wallet ownership verification beyond EVM chains

BANGKOK, Nov. 11, 2024 /PRNewswire/ — Mesh, the modern connectivity layer for crypto that makes payments and deposits seamless, and Reown, the onchain UX platform, announced they are advancing their exclusive partnership by launching wallet ownership verification for UTXO-based assets, beginning with Bitcoin. This enhanced functionality will directly address the need to comply with the European Banking Authority’s (EBA) Travel Rule Guidelines, which will take effect on December 30, 2024.

Compliance with the Travel Rule can be a significant challenge for crypto businesses, as it requires secure data exchange between different providers. Meeting these requirements can be complex and costly, and can divert valuable time and capital from product development and innovation. Furthermore, non-compliance can lead to significant consequences for VASPs operating in the EU, including fines, suspension of licenses and possible legal action. Mesh and Reown’s enterprise-grade wallet ownership verification solution offers a much easier way for companies to confidently meet regulatory standards, while still delivering a streamlined and user-friendly experience.

This advance in compliance and enterprise usability was revealed at WalletCon in Bangkok. WalletCon is the annual gathering hosted by Reown and focused on innovations in onchain user experiences, where Arjun Mukherjee, Chief Technology Officer at Mesh, will deliver a keynote address exploring the integration’s impact on security and regulatory compliance.

“By partnering with Mesh, we’re further advancing the capabilities of wallet connectivity across the crypto ecosystem,” said Jess Houlgrave, CEO of Reown. “As the onchain industry moves forward and adoption increases, regulation will play a larger role in our industry. Organizations that are forward looking and adaptive are going to lead the way. Our partnership with Mesh and the solution we have created that allows some of the industry’s biggest players to remain compliant is an example of this.”

Mesh’s verification solution doesn’t only meet the stringent requirements of the EBA Travel Rule but also provides access to the full suite of enterprise-grade tools and integrations, which include seamless connectivity to Mesh’s extensive network of exchanges, wallets, and financial platforms for use cases such as secure payments, deposits, and global asset transfers. As the leading SOC2 Type II compliant platform, Mesh combines security with scalability, offering unparalleled solutions to navigate regulatory requirements without compromising on the user experience.

“Reown’s commitment to open connectivity aligns perfectly with our vision of creating a secure and open financial ecosystem,” said Bam Azizi, CEO and Co-Founder of Mesh. “We’re seeing tremendous market demand for wallet ownership verification solutions that comply with EBA Travel Rule guidelines, and their leadership in wallet interoperability will be invaluable as we continue to expand our capabilities and deliver even more powerful compliance-enabling features through Mesh.”

About Mesh
Founded in 2020, Mesh is a leader in creating a modern financial connectivity layer for digital assets, delivering a secure, enterprise-grade platform for seamless transfers, payments, and account aggregation. Supporting over 300 integrations with exchanges, wallets, and financial services, Mesh is pioneering an open, connected, and secure ecosystem for digital finance. For more information, visit www.meshconnect.com.

About Reown
Reown is the onchain UX platform. Reown products, AppKit and WalletKit — are designed for individuals and organizations building products onchain. At its core, it focuses on merging innovation with reliability and ease of use to enable all builders to provide web3-native features within their products and bring the vast opportunities and better future that the new internet brings to their communities.
Media contact: mesh@greenbrier.partners

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SOURCE Mesh

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