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Pioneering AI technology from Bain & Company powering Athena Pathway’s bid for British victory in inaugural Women’s America’s Cup

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Unique, cutting-edge AI simulation tools and technology deployed by Bain to optimise British competitors’ racing performance in the world’s premier global sailing competition

LONDON, Oct. 11, 2024 /PRNewswire/ — Pioneering AI advances developed by Bain & Company are being harnessed by Britain’s team of world-class women sailors in their bid to make sporting history by winning the inaugural Women’s America’s Cup in this weekend’s finals at the pinnacle of global sailing competition.

Bain is partnering with Athena Pathway and its sailing teams, Britain’s entrants in the Women’s and Youth America’s Cup races, to bring state-of-the-art AI technology to power their challenges for victory in the world’s oldest sporting trophy contest, with this year marking the first-ever women’s race in the competition. Watch the video here.

Athena Pathway was founded by the British sailing champions Hannah Mills OBE and Sir Ben Ainslie, the world most decorated Olympic sailors, to change the landscape of competitive high-performance sailing by bringing diversity and equal opportunities to the sport in the UK. Britain’s Athena Pathway teams in the Women’s and Youth America’s Cup include women sailors and youth sailing talent with a collective six Olympic medals and 22 sailing World Championship medals. They are competing against crews from the United States, Canada, France, Germany, Spain, Italy, the Netherlands, Switzerland, Sweden, Australia and New Zealand.

Bain & Company’s Advanced Analytics Group, the firm’s AI practice, and a team of expert Bain consultants have worked in close collaboration with Athena Pathway sailors, coaches and teams at its base in Barcelona and remotely, to develop and deploy unique AI-powered simulation tools and technology to enhance and optimise the performance of the Athena Pathway teams in their bid for America’s Cup wins.

The AI technology developed by Bain for Athena Pathway exploits detailed race performance data pulled from sensors fitted on the specialised, high-performance AC-40 yachts used in the America’s Cup racing – a new class of one-design foiling monohull yacht designed to ensure teams secure wins based entirely on the talent, technique and skills of competing crews.

Harnessing the data captured from race trials, practices and early phases of the America’s Cup competition, the unique AI technology from Bain enables sophisticated analysis by the Athena Pathway teams  supported and advised by Bain’s expert consultants, to maximise speed and optimise manoeuvres on the water, enhancing sailing efficiency in the high-speed racing and helping to achieve the best overall race performance. AI-powered simulations allow the Athena Pathway teams the test multiple “what if” race scenarios onshore during training, saving time versus testing these on the water, as well as adjusting real-time decision-making in simulated race conditions on the water.

Hannah Mills, Athena Pathway’s co-founder and Team Principal at the yacht’s helm in the women’s races, said: “Using AI to really help us learn and evolve and upskill very quickly has been a huge part of our training in preparation for the America’s Cup. Bain’s partnership with us has been integral to trying to achieve our goal of winning. When I look at what Bain has been doing with us, particularly on the ground, I’ve never had a partnership quite like it.”

The AI simulations, driven by Bain’s custom-built deep-learning AI model, unique to this project, acts as a ‘digital twin’ of Athena Pathway’s real-life AC40s yachts. This enables the crews to optimise so-called “velocity made good” (VMG), a key driver of race performance, for the yachts using interactive mapping enabling visualisation of both past, real sailing manoeuvres as well as simulated scenarios the teams want to test out. The AI models, pulling from around six million individual data observations captured by the sensors used, across more than 40 types of input variable, provide instantaneous feedback and real-time insights on specific scenarios of interest to the teams as they plan their race tactics and strategy.

Chris Draper, head coach for Athena Pathway, added: “Having the AI tools and being able to share that collaboratively has been enormous for us. It really has been a game-changing relationship. We’ve got sensors throughout the boats that give us direct feedback on how things are moving, the loads and strains, so you can identify exactly what is happening. We’re literally learning every day how to optimize performance and the AI tool is enabling us to do that, providing us with really, really interesting results. It thinks slightly outside of the box and it’s proving exceptionally useful for us.”

Discussing the partnership with Athena Pathway, Hugo Parkinson, Bain senior partner and leader of the firm’s Advanced Manufacturing practice in EMEA, said: “We are hugely excited to have partnered with Athena Pathway in this ground-breaking way. The unique AI tools we’ve been able to bring to their challenge in the America’s Cup is pioneering and is helping the teams solve some of their biggest challenges in the racing. It’s learned how to sail the boat and now it makes a series of AI-powered recommendations on how to sail it faster. Being able to bring this sort of advanced analytics to such an exciting environment is incredibly helpful in furthering the ambitions of Athena Pathway in this top-tier sport. For us at Bain, there’s also the tremendous benefit of what we’ve learned through this collaboration where we’ve been able to identify multiple real-world applications for this technology in all kinds of business use cases.”

In addition to backing Athena Pathway’s challenge for the America’s Cup with AI technology, Bain has also worked with the teams, and their coaches and leaders, to enhance their operations at their Barcelona base in multiple additional ways, with Bain support for optimising teamwork, help with upgrades to IT systems, onshore base efficiencies and planning, and improved documentation in the teams’ playbooks.

Juan Carlos Gay, Bain senior partner in the firm’s Energy & Natural Resources practice and global Head of the Capital Projects Acceleration team, who co-led Bain’s Athena Pathway collaboration with Hugo Parkinson, added: “Our partnership with Athena Pathway has been a tremendous opportunity to bring our technological and AI capabilities, and our deep business expertise in a wider range of ways, to this thrilling realm – competitive yacht racing – outside of the business world. Bain champions diversity in everything we do, which is core to our mission, so it’s been particularly inspiring for us and Athena Pathway to come together in support of the young and female talent competing in this inaugural Women’s America’s Cup race.”

Media contacts
To arrange an interview or for any questions, please contact:

Gary Duncan (London) — Email: gary.duncan@bain.com
Katie Ware (New York) — Email: katie.ware@bain.com
Ann Lee (Singapore) — Email: ann.lee@bain.com 

About Bain & Company

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry. 

 

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Weekly Recap: 10 Technology Press Releases You Might Have Missed

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A roundup of the most newsworthy tech announcements from PR Newswire this week, including Free WiFi Hotspots Florida, Circadian TV Displays, and high-quality technology curriculum in the classroom.

NEW YORK, Oct. 11, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

Comcast Opens 261,000 Free Xfinity WiFi Hotspots Across Florida Ahead of Hurricane Milton’s Arrival 
“With this second storm impacting Florida so soon, we want to do all we can to help those affected by Milton stay connected. Whether it is video calling loved ones or receiving the latest safety information, being able to get online is critical,” said Jeff Buzzelli, Senior Vice President for Comcast’s Florida Region. “We hope opening these hotspots across the state will give Floridians one more tool to support them.”LG Display Introduces the World’s First Eyesafe® Circadian Displays 
LG Display’s entire lineup of OLED TV and monitor panels, from 27 to 97 inches, have become the world’s first displays to receive Eyesafe® Circadian Certification. This recognition highlights LG Display’s dedication to user well-being with displays that minimize blue light exposure and support quality sleep.Shakira Joins Forces with Code.org and Amazon to Expand Computer Science Education for Hispanic Youth 
Shakira has been a long-time advocate for advancing equity in education through Fundación Pies Descalzos, a non-profit organization she founded which is dedicated to addressing the educational needs of students in Colombia and across Latin America through sustainable infrastructure, teacher training, and curricular innovation.CompTIA Spark introduces free high-quality technology curriculum for middle grade classrooms
Responding to a critical gap in technology education, CompTIA Spark has launched free technology curriculum specifically for middle grade classrooms, grades 5-8. It aims to support teachers so that they can teach the critical skills students need to succeed in whatever path they choose. The nonprofit organization worked with educators across the country to develop the curriculum.U.S. Consumers Received Just Under 4.5 Billion Robocalls in September, According to YouMail Robocall Index
U.S. consumers received just under 4.5 billion robocalls in September, which was only a 0.6% increase from August, and a 5% increase over September 2023. September is the first month this year to show a year over year increase and, for the year so far, there have been 38.8 billion robocalls, down 8% from 2023.Hyundai and Waymo Enter Multi-Year, Strategic Partnership 
Hyundai Motor Company and Waymo announced they have entered a multi-year, strategic partnership. In the first phase of this partnership, the companies will integrate Waymo’s sixth-generation fully autonomous technology – the Waymo Driver – into Hyundai’s all-electric IONIQ 5 SUV, which will be added to the Waymo One fleet over time.The MSG Family of Companies and Verizon Expand Partnership, Naming Verizon the Official Mobile Wireless Partner Across the Companies’ Portfolio 
This first-of-its-kind integrated marketing partnership provides exposure for Verizon across the MSG Family of Companies’ portfolio of premier sports and entertainment assets, which includes New York’s Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, Beacon Theatre; The Chicago Theatre; Sphere in Las Vegas; the New York Knicks, New York Rangers and Westchester Knicks professional sports franchises; the Christmas Spectacular Starring the Radio City Rockettes; and MSG Networks.Instacart Launches New Gamified Capabilities Maximizing In-Store Rewards and Savings on Caper Carts 
These new offerings build on the AI-powered smart cart’s capabilities to make grocery shopping more delightful and personalized via its digital screen, allowing brands and retailers to engage with customers as they shop in-store. These capabilities are rolling out now to retailers like Schnucks and Wakefern Food Corp., in partnership with brands including General Mills and PepsiCo.With the launch of Valia Fashion, Lectra propels fashion brands and manufacturers into a new technological era
Valia Fashion connects, automates and streamlines each stage of apparel production, from order processing to fabric cutting, while optimizing the use of materials. It revolutionizes the fashion ecosystem by breaking down the barriers between the various industrialization and production processes to better meet the requirements of brands, manufacturers and subcontractors.The Future of Innovative Hearing Technology: Starkey Unveils Edge AI
Starkey, a leader in hearing technology, has once again set a new standard with the introduction of Edge AI, innovative hearing technology designed to take patient care to unparalleled heights. Building on the success of Genesis AI, which transformed the industry, Edge AI represents the next leap in intelligent hearing technology.

For more news like this, check out all of the latest technology-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

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Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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Bitget Launches Telegram App Centre, Featuring Over 600 TON Trending Mini-Apps

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VICTORIA, Seychelles, Oct. 11, 2024 /PRNewswire/ — Bitget, a leading cryptocurrency exchange and Web3 company, announces a significant feature launch, Telegram App Centre, curating over 600 Telegram mini-apps all in one place, making it the most comprehensive page on the market outside of Telegram. This feature enables users to discover and interact with the latest airdrop opportunities, trending communities, and play-to-earn games directly from within their Bitget accounts.

Bitget’s new Telegram Mini-App page offers a seamless user experience, allowing individuals to explore a wide array of applications while trading on the platform. This initiative offers faster access to innovative apps and streamlined participation in airdrops, providing users with unique opportunities to engage with emerging projects in the blockchain space shortening the search processes.

Telegram boasts nearly 1 billion global users, and the TON ecosystem is rapidly rising, supported by over $425 million in Total Value Locked (TVL) and hundreds of millions of daily active users. Bitget’s latest feature integration positions the platform as a vital entry point for those looking to explore the expanding ecosystem, bringing them closer to decentralized applications, bots, and tools that have the potential to reshape how users interact with the Web3 world.

Bitget’s Telegram Mini-App hub complements its broader support for the TON ecosystem, which includes priority listings of prominent tokens like DOGS, Hamster Kombat, and Notcoin, a $20 million TON Ecosystem Fund to promote early-stage blockchain projects and the $30 million investment into the TON blockchain. The integration of these apps provides users with seamless access to key developments and play-to-earn opportunities that drive mass adoption of blockchain technologies.

Gracy Chen, CEO of Bitget, expressed enthusiasm about the feature launch: “Our focus has always been on creating a seamless user experience by integrating the best blockchain innovations into our platform. The Telegram App Centre is a significant step towards providing users with access to the most promising apps and airdrop opportunities, facilitating them to fully capture first-hand information within the growing TON ecosystem.”

For more information about Bitget’s Telegram Mini-App page and to explore over 600 decentralized applications on TON, visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

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Innovation, eSports Thrills, AI Integration, Sustainability: Grand Opening of the October 2024 Global Sources Consumer Electronics and Electronic Components Shows

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HONG KONG, Oct. 11, 2024 /PRNewswire/ — The October 2024 Global Sources Hong Kong Shows officially open today. A premier online-to-offline (O2O) sourcing event, the first of three phases runs from October 11 to 14, comprising major international trade shows for consumer electronics and electronic components. This first show phase focuses on the themes of Innovation, eSports Thrills, AI Integration, and Sustainability, hosting over 2,000 high-quality suppliers across nearly 4,000 booths. The shows cover 26 major electronic product categories, including esports and gaming hardware peripherals, computer peripherals, automotive electronics, outdoor electronics, audio-visual and commercial electronics, electronic components, semi-finished batteries and power supply equipment, connectors and product application solutions, and upstream semiconductor products. With approximately 150,000 exhibits and over 10,000 new products, the shows offer international buyers a rich selection of sourcing options.

John Kao, Vice President of Hong Kong Shows & Overseas Shows at Global Sources, said, “Given the current booming global esports market, gaming peripherals, as the key to connecting players and gaming experiences, are seeing explosive growth in technological innovation and market demand. Against this, the first phase of the Global Sources Hong Kong Shows this October is highlighting gaming and esports peripherals, bringing new vitality and opportunities to the industry.” He also pointed out that the Global Sources Hong Kong Shows continue to promote digital transformation this year, introducing the new Show Genie 2.0 to the Global Sources mobile app and website to optimize show map functionality, product searches and online interaction, improving the buyer experience. The shows also continue to lead the way in green trade shows, promoting charity donations and sustainable sourcing and exhibition practices.

Immersive eSports Theme Hall Riding the Wave of Chinese AAA Video Game
With the global popularity of Game Science’s Black Myth: Wukong, the gaming hardware and peripherals market has gained unprecedented attention. The Gaming and eSports Hall (Hall 2) at Global Sources Consumer Electronics showcases the largest number of gaming and e-sports peripherals to date, bringing together top manufacturers with over 500 booths, offering buyers an extraordinary feast for sourcing esports products. The eSports Arena combines multiple esports elements to create an immersive experience space. Open esports themed rooms equipped with the latest hardware and peripherals include Beiou offering a virtual 7.1 surround-sound gaming headset with DIY sound customization and Morphling showcasing its upgraded L-50Pro Pro gaming chair. Buyers can experience top-tier hardware and play Black Myth: Wukong in these themed rooms. Additionally, representatives from renowned esports teams including Tianba eSport team (PUBG Mobile World Cup 2024 3rd place) and TJD eSport Team will be present, accepting challenges from buyers to take them on in games of Valorant and Teamfight Tactics. The eSports Arena allows buyers to fully enjoy the esports experience and gain a first-hand understanding of the attractions of specialized esports equipment, satisfying the one-stop sourcing needs of the gaming and esports buyer community. The eSports Arena also showcases the latest Black Myth: Wukong IP crossover console brought by world-renowned modding master Xing Kai and his FUXK studio.

Global Sources Innovation Awards
Global Sources will hold the Global Sources Innovation Awards ceremony during the first phase of the shows, inviting judges from industry associations, tech media, industry standards organizations and buyers to recognize leaders in electronics innovation. The awards aim to encourage enterprises to enhance their R&D and innovation capabilities, cultivate new advantages in foreign trade, expand their brand influence, and promote the rapid and healthy development of the electronics industry. The goal is to reflect current technological trends by selecting electronic products that excel in design, innovation, and quality.

Leading New eSports Trends: Event Spotlight  
Global Sources has prepared several exciting programs and activities for the Hong Kong Shows this October, including inviting professional cosplayers, who will interpret classic game characters with realistic costumes, assist in product displays, and perform exciting dance shows and cosplay parades, bringing a colorful esports atmosphere to the exhibition floor. The Crazy Gaming Zone, meanwhile, will be onsite to offer buyers fun experiences with racing games, 360° photo booths, Nintendo consoles, music boxing, and more.

The New Product Launch stage in Hall 7 is the venue for exhibitors to showcase a series of noteworthy new products. These products cover a range of applications across consumer electronics and electronic components, showcasing the latest industry technologies and reflecting future market trends. The Personal Transporter Test Drive area in Hall 11 has been redesigned and upgraded to simulate different scenarios from actual roads and featuring various slopes to allow buyers to fully experience the performance of different personal transportation devices under different conditions. Meanwhile, the Next-Gen Components Zone in Hall 9 brings together numerous semiconductor and chip solution providers, showcasing upstream supply chain products for next-generation consumer electronics.

International Pavilions Showcase Diversity, Innovation
The shows this October boast a highly international lineup of exhibitors, with Korean enterprises particularly standing out. Numerous Korean companies are showcasing cutting-edge products covering multiple consumer electronics sectors. The exhibits range widely, from precise thermistors and other core components to innovative car key connectors, advanced ADAS systems, and automotive black boxes, as well as high-end consumer electronic products like digital golf putter measurement devices, demonstrating Korean enterprises’ strong capabilities in technological innovation and product development. The diverse range of products not only enriches the pavilion’s content but also adds a bright touch to the overall international image of the event.

Onsite Summit Program
This year, the Global Sources Summit sessions during the first phase of the shows focus on the theme “New Era of eCommerce – The Rise of Gaming & Artificial Intelligence.” Professionals from various fields will be participating, including Gerald Solomon, founder of the North American Scholastic Esports Federation (NASEF), joining industry leaders such as wAwa, official commentator for League of Legends; Xu Xiaoxiang, CEO of Tianba eSports Club; Seven, founder of KZ eSports Club and Zhang Dayang, founder of Tianjin TJD eSports Club, to discuss cutting-edge esports trends. Topics will include the economic impact of esports and how esports team IPs empower gaming hardware and peripherals. The event will also feature seminars on “The Relationship Between Gaming and the Economy,” “Business Applications of Generative AI,” and “ESG Regulatory Compliance and Sustainable Development Strategies in the Electronics Industry,” aiming to explore how AI and hyperconnectivity are shaping new sourcing norms while addressing pressing environmental issues. 

Focus on Sustainable Growth and ESG Principles
As consumers become increasingly concerned about environmental protection and sustainable development, the demand for eco-friendly products continues to grow. As a leading international B2B trading platform and event organizer, Global Sources is committed to fulfilling its ESG responsibilities and sustainable development practices, integrating ESG concepts into all aspects of its operations. At the Global Sources Hong Kong Shows, Global Sources implements environmental protection and sustainable development measures in all aspects, from exhibition hall layout to event organization. The show pays particular attention to exhibitors who have obtained relevant green certifications, displaying ESG logos prominently at their booths to help buyers quickly identify them. This encourages suppliers to put environmental concepts into practice while helping eco-friendly suppliers gain more online and offline exposure and potential business opportunities.

About Global Sources
Global Sources is an internationally recognized B2B sourcing platform that has been driving global trade for over 50 years. The Company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through trade shows, digital platforms, magazines and events. Global Sources’ unique online-to-offline (O2O) services have successfully provided efficient and convenient commercial services to over 10 million registered international buyers and users.

This press release is distributed by Market Hubs Holdings Limited.

For Media Enquiry,

Market Hubs Holdings Limited

Lierence Li

Debbie So

+852 3998-4900

+852 3998-4900

lierence@markethubsgroup.com

debbie@markethubsgroup.com

 

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