Connect with us

Technology

Tuya Partners with Industry Pioneers to Forge an AI Ecosystem at the 2024 Tuya Global Developer Summit in the Middle East

Published

on

NEW YORK, Oct. 21, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, together with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group successfully held the 2024 Tuya Global Developer Summit in Dubai, UAE. Marking its debut in the Middle East, the summit facilitated collaboration with global industry thought leaders to impart visionary insights and practical expertise to developers, empowering them to harness boundless business opportunities within the AI era.

Themed “AI in All Sustainable Spaces,” the summit committed to leverage Tuya’s cutting-edge AI capabilities and beyond to drive the smart transformation of Dubai and the broader Middle East region with global developers, thereby expediting the creation of a more sustainable and intelligent urban environment.

Wenjin Mao, Commercial Representative, Office of Zhejiang Province in UAE (Middle-East), presented the opening speech. He commented, “In recent years, the ‘Belt and Road’ initiative has strengthened the economic and trade ties, as well as investment cooperation, between the Middle East and Zhejiang. The Tuya Global Developer Summit is setting up an even wider stage for businesses in the Middle East and worldwide, which is poised to drive tech innovation and industrial progress in the region, providing significant economic and social benefits. We eagerly anticipate more Middle Eastern enterprises using this summit as a networking hub and the annual Global Digital Trade Expo in Hangzhou every September as a formal gateway, to grasp the opportunities of our era and chart a new course in smart technology together.”

AI Powers the Future, Steering Industry Evolution

AI has emerged as a pivotal competitive edge for enterprises in their growth trajectory. Recent studies indicate a substantial surge in AI adoption by businesses worldwide over the past five years. By 2026, it is projected that a staggering 80% of global enterprises will integrate AI technology into their operations.

Alex Yang, Co-Founder, COO and CFO of Tuya Smart, delivered a keynote speech at the summit titled “AI for a Sustainable Future.” He emphasized, “Currently, AI has been extensively integrated into a multitude of smart devices. The collective operation of these devices has the potential to drastically reduce energy consumption in buildings. For instance, our AI-enhanced Tuya HEMS system has been shown to help households cut their electricity expenses by over 35%. The interconnection of numerous smart spaces and devices contributes to the development of smart cities. To advance this process globally, we have established an AI Agent development platform. This platform enables developers to craft unique AI products and solutions, enriching everyday smart living experiences.”

Eric Wan, General Manager of Middle East, Turkey & Africa, Alibaba Cloud Intelligence, spoke on the topic “Empowering Developers with Alibaba Cloud’s Capability and Ecosystem.” Wan noted, “To help developers further enhance their competitiveness, Alibaba Cloud has reduced cloud costs and utilized our cloud computing infrastructure and platform to assist developers in learning and practicing various emerging technologies, such as AI. As Alibaba Cloud continues to expand our business, we have developed a diverse range of ecosystems encompassing products, industries, regions, and education, which can provide a variety of services to numerous SMEs and help them generate more revenue. Tuya’s technological capabilities in cloud computing and AI are well-recognized and can help enhance the capability of our platform. We look forward to collaborating with more innovative companies like Tuya to jointly promote technological advancement and business innovation across the industry.”

Following the speech, Alibaba Cloud and Tuya co-hosted a launch ceremony, announcing their collaboration plan on the global rollout of Tuya IoT platform on Alibaba Cloud global marketplace. By seamlessly integrating Tuya’s IoT platform with Alibaba Cloud’s cloud infrastructure, the global partnership aims to provide developers with access to tools and resources to innovate in IoT, AI, and smart home technologies, thereby creating an open and collaborative ecosystem worldwide.

Junhao Zheng, Senior Cloud Development Engineer of Tuya Smart, spoke on “The Innovation Engine of the AI+IoT Ecosystem.” Zheng explained, “AI and IoT are intrinsically linked; IoT provides a wealth of data for AI, while AI offers IoT sophisticated decision-making support to navigate complex, dynamic environments. Consequently, Tuya has merged these technologies to construct a cutting-edge cloud developer platform. This platform not only accelerates the development of smart products by developers but also equips smart devices with rich generative AI capabilities through our AI Agent development platform, effectively fueling product innovation and empowering developers to capitalize on market opportunities.”

Dr. Kushnazarov Farruh, Senior Data Scientist at Alibaba Cloud, delivered a speech on “Reshaping Alibaba Cloud for the Generative AI Era” Dr. Farruh commented, “We are proactive in fostering open-source ecosystems, particularly in avant-garde fields like large language models and AI development, continuously contributing our expertise. With the advent of generative AI, we’ve augmented features such as information privacy and multilingual support to large language model applications, catering to the diverse demands of enterprises. In the future, we aim to collaborate with companies like Tuya to create more practical AI large model tools, setting the pace for new industry trends.”

Rain Xing, Product Solution Architect Director at Ant Digital Technologies, spoke on “Riding the Digital Wave: How Super Apps and AI are Transforming Industries for the Future” Xing stated, “Our mPaaS mini-app platform is a comprehensive, end-to-end solution for mobile development, testing, operation, and maintenance, enabling customers to operate within their apps and cultivate an open business ecosystem. With AI enhancements, the mPaaS platform has gained the ability to autonomously generate mini-apps, AI-assisted development, AI digital avatars, and AI chatbots, significantly boosting work efficiency and service levels. We look forward to welcoming companies with robust AI capabilities, such as Tuya, to join us in exploring the boundless potential of AI technology, leading the industrial transformation of tomorrow.”

AI-Enhanced Transformation: Redefining Smart Living Spaces

The summit featured a roundtable discussion themed “AI in Smart Living Spaces”, where Tuya engaged with industry trailblazers to delve into the cutting-edge trends and innovative applications of AI within residential environments. This session offered global developers profound industry insights and strategic guidance for future development, equipping them to seize market opportunities.

Dr. Nourhan N. Moussa, Director of Digital Transformation at MLG, commented, “At MLG, our mission is to forge sustainable and smart transportation and logistics solutions. Through extensive exploration in smart transportation, we’ve developed a suite of solutions that significantly aid cities in achieving intelligent management. Tuya’s proficiency in AI technology in this domain is notable. We look forward to enhancing our collaboration with Tuya to drive innovation and practical applications in the realm of smart transportation.”

Vivian Chen, CEO of Gallery Five Group, stated, “Our vision is to transform every aspect of the urban landscape into a vibrant artform and to be a catalyst for the evolution of urban living. To realize this, we champion innovative design and the sustainable development of urban spaces, blending art, technology, and environmental considerations. This approach not only enhances the city’s aesthetic but also elevates the quality of life and happiness of its inhabitants. In the future, we aim to partner with Tuya to integrate cutting-edge technologies like AI into urban development, jointly exploring the vast potential of smart cities.”

Propelling Smart Energy Management Forward: AI Unveils New Ventures

Following the momentum, Tuya convened its second roundtable, centered on the theme “AI in Energy Management”, where experts engaged in comprehensive discussions on AI, energy, and sustainability, guiding global developers in uncovering business potential.

Harvey Zhang, Director of Energy Solution at Tuya Smart, said, “AI is a pivotal force in driving the low-carbon transition of the energy sector. Tuya has enhanced its energy management platform. Utilizing AI models that predict power generation and consumption, this platform offers developers optimal energy scheduling recommendations for lighting storage and charging, effectively facilitating energy savings for households. Moreover, this solution enables precise energy management through the installation of intelligent devices such as water, electricity, and gas meters, and automates energy consumption management via sensor scene linkage, thereby assisting enterprises in reducing their energy expenses.”

Watson Chai, Vice President and Board of Director at CNLIGHT, said, “In pursuit of the dual carbon goal, new industrial opportunities have arisen. We steadfastly embrace sustainable development by integrating smart lighting solutions with energy management technologies. With Tuya’s support, our solutions maximize electricity savings for customers. As AI rapidly evolves, we are committed to incorporating it into our offerings, providing users with an enhanced, eco-friendly lighting experience.”

Khaled Farekh, CEO of FASTNET, shared, “As a leader in smart home and building solutions in Saudi Arabia, FASTNET is dedicated to building automation and low current systems. To promote greener development for families and businesses, we are integrating AI into our energy management systems, enhancing the energy-saving capabilities of our solutions. The summit showcased Tuya’s excellence in energy technology, and we look forward to collaborating with Tuya to accelerate global sustainable development.”

The 2024 Tuya Global Developer Summit (Middle East) highlighted Tuya’s advanced AI technology and its strategic commitment to the global smart market. Moving forward, Tuya will continue to partner with developers worldwide to pioneer AI-driven products and solutions in energy management and smart homes, paving the way for a more intelligent, efficient, and sustainable lifestyle for all.

 

View original content:https://www.prnewswire.co.uk/news-releases/tuya-partners-with-industry-pioneers-to-forge-an-ai-ecosystem-at-the-2024-tuya-global-developer-summit-in-the-middle-east-302281478.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Cainiao Expands Delivery Capacity and Global Express Shipping Services for Seamless 11.11 Global Shopping Festival

Published

on

By

Enhanced worldwide services offer Cainiao customers a close-to-local shopping experience during peak seasons.The newly launched discounted shipping service now reaches 36 countries, providing small to medium-sized businesses with 15-30% reduced logistics costs.Specialized freight solutions for items requiring special handling now extend to 53 countries and an upgraded oversized item shipping service addressing bulky goods needs now available in 11 countries, including Europe, the Americas, and Australia.

HANGZHOU, China, Oct. 21, 2024 /PRNewswire/ — Cainiao Group, the global leader in e-commerce logistics, has bolstered its global network resilience and delivery capacity ahead of the 11.11 Global Shopping Festival, ensuring customers worldwide enjoy a seamless, close-to-local shopping experience.

With more than 40 overseas warehouses and cross-border sorting centers currently in the stocking phase, Cainiao, in collaboration with AliExpress, is ramping up operations. To manage anticipated order volumes, the company is temporarily increasing its warehouse workforce and expanding its in-warehouse processing capabilities by utilizing millions of square meters of Choice Warehouses, first-mile distribution centers, and Just-in-Time (JIT) warehouses. Logistics teams across Europe, the Americas, and Asia are accelerating stocking efforts and establishing additional global supply centers and dedicated fleets to ensure timely restocking and transport.

To enhance air freight capabilities, Cainiao has secured premium shipping resources targeted at key markets a month in advance, enabling flexible cargo solutions that facilitate smooth deliveries during peak promotional periods.

In addition to enhanced logistics network, Cainiao is upgrading its industry solutions to support AliExpress merchants in expanding their product offerings. A newly launched discounted shipping service now covers 36 countries, allowing small to medium-sized businesses to benefit from a 15-30% reduction in logistics costs, with over 50% savings on long-distance routes such as those to Mexico.

Cainiao’s specialized freight solutions cater to items requiring special handling and are now available in 53 countries, utilizing a mix of air, rail, and truck transport to expedite international shipping. The upgraded oversized item shipping service addresses the needs for bulky goods, covering 11 countries including Europe, the Americas, Australia, and South Korea, with real-time logistics tracking available on the AliExpress app.

As the largest logistics provider emerging from a global e-commerce ecosystem, Cainiao leverages in-depth e-commerce insights and years of experience in handling significant volume spikes during major shopping events. With the expansion of local delivery networks in key markets—such as Hong Kong, Spain, France—Cainiao empowers global merchants and brands to save costs and enhance delivery efficiency, helping them stay competitive in the global marketplace.

About Cainiao Group

Founded in 2013, Cainiao is a global leader in e-commerce logistics. Drawing on our deep e-commence insights, purposely built technology and a proven commitment to sustainability, we provide a comprehensive range of logistics services—including national and international express delivery, global supply chain management, logistics technology solutions and logistics asset management. 

With a long-term mission to achieve nationwide delivery within 24 hours and worldwide delivery in 72 hours, our global logistics network now spans over 200 countries and regions, positioning us among the largest logistics networks globally by geographical reach.

As the world’s No.1 cross-border express service provider by parcel volume, we support over 100,000 merchants and brands. Our nationwide delivery services are also rapidly expanding in key markets, including China, Spain and France.

For more information about Cainiao, please visit cainiao.com.

View original content:https://www.prnewswire.co.uk/news-releases/cainiao-expands-delivery-capacity-and-global-express-shipping-services-for-seamless-11-11-global-shopping-festival-302281587.html

Continue Reading

Technology

Hundreds of Indonesian In-House Counsel Discuss Business Dynamics in Light of New Administration

Published

on

By

NUSA DUA, Indonesia, Oct. 21, 2024 /PRNewswire/ — Hukumonline, in partnership with the Indonesian Corporate Counsel Association (ICCA), is hosting the Indonesian In-House Counsel Summit & Awards 2024 to celebrate the achievements and innovations of corporate legal leaders and teams in adopting technology, promoting sustainability, and practicing good corporate governance.

“The theme ‘Acceleration of Business 2025’ for the Indonesian In-House Counsel Summit and Awards 2024 reflects the challenges that in-house counsel will face in the coming year, with the presence of a new government and rapid developments in technology, particularly artificial intelligence (AI),” said Hukumonline Chief Executive Officer Arkka Dhiratara during the 2024 In-House Counsel Summit & Awards series at The Westin Resort Nusa Dua, Bali.

Arkka pointed out that in-house counsel and corporate legal advisors are facing new business concepts that call for immediate adaptation. The two-day event, on October 17-18, 2024, explored key issues, including the future of law amidst disruption and digitalization and environmental, social, and governance (ESG) factors as drivers of future business success.

The Indonesian In-House Counsel Awards 2024 features two award categories: Indonesia’s Most Innovative In-House Counsel Team 2024 and Indonesia’s Most Respected In-House Counsel Leader 2024. Each of these categories is further divided into 24 industry sectors. Additionally, there are two main award categories: In-House Counsel Leader of the Year 2024 and In-House Counsel Team of the Year 2024.

Every award highlights the contributions of corporate legal teams in their performance and innovation, particularly through technology adoption, involvement in environmental and social sustainability, and adherence to good corporate governance.

The Indonesian In-House Counsel Awards 2024 employs both quantitative and qualitative assessment methods for participants and candidates. For the quantitative aspect, evaluations are derived from self-assessment documents submitted by candidates, along with supporting data collected from surveys conducted in July-August 2024.

Meanwhile, the jury board evaluates the qualitative aspects for the categories of Indonesian In-House Counsel Leader of the Year 2024 and Indonesian In-House Counsel Team of the Year 2024.

The jury board for the Indonesian In-House Counsel Awards 2024 consists of Prof. Dr. Todung Mulya Lubis, S.H., LL.M., a member of the Advisory Council of KADIN Indonesia and a senior attorney; Dahliana Hasan, S.H., M.Tax., Ph.D., the Dean of the Faculty of Law at Gadjah Mada University; and Dr. Aria Suyudi, S.H., LL.M., Special Staff Member of the Chief Justice of the Republic of Indonesia and a member of the Supreme Court of the Republic of Indonesia’s Judicial Reform Team.

“We, the jury board, hope that this awards ceremony can catalyze to encourage professionals in the legal field, particularly the in-house counsel community, to strive for excellence by continually maintaining and even enhancing their technical skills, professionalism, and, equally importantly, ethics,” said Aria Suyudi on behalf of the judging panel.

This year marks the fourth year for Hukumonline to recognize in-house counsel for their outstanding leadership, integrity, dedication, and innovation for both their companies and the corporate legal profession. Meanwhile, the number of participants this year has increased to over 300 legal practitioners, compared to 200 in 2023. Furthermore, the number of participants or respondents in the Indonesian In-House Counsel Awards has risen by 45 percent, from 98 companies in 2023 to 128 companies in 2024.

About Hukumonline

Founded in 2000 by several prominent legal practitioners and lawyers in Indonesia, Hukumonline aims to be a one-stop solution for Indonesian legal practitioners and functions as a technology-based regulatory platform (reg-tech) that democratizes access to law and empowers legal professionals through the provision of legal knowledge in various forms. Our database includes collections of classified regulations and court decisions, comprehensive legal analyses and reports, as well as easily understandable articles on legal issues.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hundreds-of-indonesian-in-house-counsel-discuss-business-dynamics-in-light-of-new-administration-302281589.html

SOURCE Hukumonline

Continue Reading

Technology

Base Molecular Resonance™ Technologies Receives $1.8 Billion U.S. IP Licensing Valuation in its Security Business Sector

Published

on

By

Report Cites Projections of an Additional $3.5 Billion Upon Global Expansion

STUART, Fla., Oct. 21, 2024 /PRNewswire/ — Base Molecular Resonance™ Technologies (BMRT) announces a $1.8 billion valuation for its IP licensing in the U.S. security market, issued by IP Capital Group (ipCG), a renowned IP firm founded by John Cronin, the former top patent holder at IBM and creator of the IBM “patent factory.” ipCG is an intellectual property (IP) and innovation consulting firm, incorporated in 1998. ipCG has delivered over 2000 successful innovation and IP engagements, including to over 20% of the Fortune 500, across a wide range of industries. ipCG has built a legacy of deep expertise in intellectual property valuation, making it a leader in valuing high-impact technologies.

ipCG estimates the U.S.-only licensing potential of the BMRT patent portfolio in the security vertical to be $1.8B.

ipCG was commissioned to conduct an independent analysis of BMRT’s patent portfolio to assess its licensing potential in the security sector—a market BMRT will soon enter through its wholly-owned subsidiary, BMRT Security Inc. The report delivers a comprehensive evaluation of BMRT’s 17 patent assets, highlighting their considerable potential for generating substantial licensing revenue.

According to the report, “ipCG estimates the U.S.-only licensing potential of the BMRT patent portfolio in the security vertical to be $1.8B.” This valuation underscores the strategic value and market impact BMRT’s technology is expected to bring to the security industry.

BMRT is poised to enter five key component markets: Public Safety & Law Enforcement, Border Security, Shipping & Logistics Security, Public Infrastructure Security, and Corporate & Executive Protection. The report from IP Capital Group describes its analysis as “intentionally conservative,” noting that the valuation focuses solely on the U.S. market despite the considerable global potential for BMRT’s technology.

According to the report, “The international licensing potential of the BMRT patent portfolio in the security vertical is estimated at an additional $3.5B,” bringing the total potential IP licensing valuation to $5.3 billion worldwide. BMRT has already begun to deploy its international patent strategy. Additionally, it’s important to note that licensing represents only one facet of BMRT Security Inc.’s comprehensive business strategy.

Lee Duke, BMRT’s Co-Founder & President, remarked, “Over the past two decades, we have relentlessly pushed the boundaries of quantum physics, resulting in a patented, one-of-a-kind technology designed to prevent school shootings, detect concealed threats, and ultimately transform how we protect our communities. This is not just about advancing technology; it’s about saving lives and making the world a safer place for future generations. This technology represents a pivotal step forward, one where our commitment to safety is no longer just an aspiration but a reality.”

In a recent third-party landmark validation study, announced July 11, 2024, BMR™ technology proved to be 100% accurate, with no false positives or false negatives, in blind and double-blind tests detecting gunpowder, illegal drugs, nuclear elements, and cancer through a non-intrusive, instantaneous scan using its groundbreaking, patented molecular resonance technology. The rigorous study was conducted by the Center for Applied Innovation (CAI) at York St. John University in York, England. As part of the redacted study results, specific tests demonstrated BMR™ technology’s ability to detect certain explosive elements from hundreds of miles away using precise triangulated confirmation.

In an additional release on September 25, 2024, it was announced that the company’s patented technology can detect explosive elements and firearms, like loaded AR-15 rifles, from hundreds of feet away—even through buildings and solid barriers.

“This is just the beginning of what this remarkable technology can achieve,” said Robert Bo” Short, BMRT Co-Founder & CEO. The possibilities are limitless; from revolutionizing cancer detection in healthcare to dramatically enhancing national security. Our technology has the potential to transform entire industries, whether in precious metal detection, food safety, oil and gas exploration, air quality monitoring, agriculture, and beyond. While we believe BMRT could grow to become one of the world’s largest companies, it’s our technology’s capacity to save millions of lives and alleviate untold pain and suffering that fuels our relentless drive. At its core, this is about creating a safer, healthier, and more sustainable future for all.”

BMRT will soon announce the launch of its wholly-owned subsidiary, BMRT Security Inc., along with an initial $15 million seed round to drive growth and accelerate the deployment of its transformative security solutions. BMRT is actively building strategic partnerships and engaging with potential investors who share their vision of transforming the security landscape. Duke adds, “Together, we aim to ensure that this technology reaches its full potential, safeguarding lives and enhancing safety on a global scale.”

About Base Molecular Resonance™ Technologies (BMRT)
BMRT has discovered a new area of Quantum Physics that utilizes resonant frequencies to detect particle interactions at subatomic levels. This technology, called Base Molecular Resonance™ (BMR™), can detect any compound or biological substance, including every element on the periodic table, and up to 200 cancers and other diseases. With over 20 years of prototyping and testing proving its unmatched detection capabilities, BMR™ has the potential to save millions of lives by pinpointing weapons, explosives, and other physical threats both up close and at great distances, and detecting cancers and other diseases long before they present clinical symptoms. The non-invasive, harmless, and instant scan has broad implications in cancer diagnostics, public safety, law enforcement, security, and military services.

For more information about BMRT and its groundbreaking technology, visit www.BMRT.io

Contact: 
Bryan Adams
info@BMRT.io
800.522.4718 Ext. 1

View original content to download multimedia:https://www.prnewswire.com/news-releases/base-molecular-resonance-technologies–receives-1-8-billion-us-ip-licensing-valuation-in-its-security-business-sector-302279862.html

SOURCE Base Molecular Resonance Technologies, LLC

Continue Reading

Trending