Technology
TCL STUDIOS PRESENTS FILM SLATE FROM FIRST EVER TCL FILM MACHINE AI DEVELOPMENT PROGRAM
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2 weeks agoon
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Five Film Shorts to World Premiere at the TCL Chinese Theater on Nov 19
All Films will Launch on the TCLtv+ Streaming Service Beginning Dec 12
NEW YORK and LOS ANGELES, Nov. 12, 2024 /PRNewswire/ — TCL Studios, the new global production hub for TCL’s flagship streaming service, TCLtv+, today announced the development slate from its first-ever AI TV/FILM accelerator program, FILM MACHINE. The five films will debut at the TCL Chinese Theater on November 19. The theatrical debut of the films will be followed by their launch on TCLtv+ beginning December 12. TCLtv+ is the flagship streaming service offered by leading consumer electronics company, TCL. It is currently available on TCL Roku TV and all Roku devices, TCL Google TV, and TCL Fire TV, as well as through the app store. The films will be promoted and featured prominently on TCLtv+.
The TCL FILM MACHINE program was developed by Haohong Wang, General Manager of TCL Research America, Chris Regina, Chief Content Officer, TCL North America, and Daniel Smith, TCL Chief Creative Officer. In making the initial announcement, Wang said, “The ‘Film Machine’ program was designed to build new pathways for creatives to find success in the industry and help shape the future of storytelling.” He added, “We wanted to showcase AI as a catalyst for innovation and creative collaboration, and we are astonished at the creative heights achieved by these filmmakers.”
The TCL FILM MACHINE program is a key pillar of TCLArt, an important brand initiative of TCL to make art more accessible and inspiring worldwide. Standing for “The Creative Life”, the brand of TCL fosters creativity across its wide-ranging product portfolio, from TVs and smartphones to smart home devices. TCLArt serves as a platform to fulfill this commitment. By blending AI film technology via TCL product offerings, TCLArt aims further to inspire the artists of tomorrow in the film sector.
The five film shorts were helmed by industry creatives selected by TCL for the inaugural program. The five finalists, George Huang (Writer/Director), Paul Johansson (Actor/Writer/Director), Kellita Smith (Actress/Model/Comedian), Chen Tang (Actor), and Kurt Yaeger (Actor/Writer) were chosen based on their passion for learning, desire to implement AI into future Hollywood projects, their unique and creative perspectives, and their professional background. The TCL Studios teams supported each filmmaker using the most advanced AI tools and technology for storyboarding, animating, scoring, and editing. The pipeline program provided customized development, financial and production support to each creative, resulting in a truly unique bespoke slate of films.
The TCL leadership team executive produced each of the films and was supported by award filmmaker Dave Clark, an early pioneer in the use of AI in TV and Film. Clark was an invaluable asset to the TCL teams for his unique perspective and problem-solving skills. Clark will Keynote the TCL screening event.
Film Machine Film development slate:
FILM MACHINE PROJECT: THE AUDITION
Writer/Director George Huang leaned into comedy for his Film Machine film short. THE AUDITION features an actor performing the impossible to fit the director’s illogical vision for the role.
Credits:
Writer, Director, EP: George Huang
Cast: Roger Fan, Alexandra Barreto, Garrett Boudreaux
FILM MACHINE PROJECT: THE SLUG
Actor Chen Tang leaned into the Horror genre for his film Machine film short. THE SLUG explores the life of a woman suffering from debilitating disease who goes through a dynamic transformation as result of her home confinement.
Credits:
Writer, EP, Director: Chen Tang
Writer, EP: Rachel Greenhoe
FILM MACHINE PROJECT: PROJECT NEXUS
Actress/Model/Comedian Kellita Smith leaned into Sci-Fi for her animated film short. She drew from experiences in her community to offer the story of four misfit teens – each with a troubled past – discover they’ve unknowingly been part of an accident in prison that gave them superhuman gifts. Gifts that could ignite a revolution and change things…if they manage to escape with their own lives.
Credits:
Writer, EP, Director: Kellita Smith
Writer: Tony Bracy, Carlos Dixon, Eric Smith, Kellita Smith
Cast: Arianna Smith “CAPRI”; Carlos Dixon “CRUSH”; Christian Barron “TANG”;
Matthew Cecil “Sunny “D”; Eric Smith “JUDGE”; Tony Bracy “Officer”; Walter Franks “MENTOR”.
Narrator – Walter Franks
FILM MACHINE PROJECT: SUN DAY
Actor/Writer/Director Paul Johansson leaned into Sci-Fi for his film short. The story opens as a young girl wins a lottery that grants her the exclusive access to a rooftop view of the sun atop a giant building thousands of stories high. The event only happens once every 7 years on her planet, and she is locked in a room on the day of the event. Using the knowledge shared by her father, a maintenance worker, she must navigate the inner workings of the building to escape the room and race against the clock to the rooftop to see the sun.
Credits:
Writer, Director, EP: Paul Johansson
Cast: Rockie Frigerio, Paul Johansson
FILM MACHINE PROJECT: THE BEST DAY OF MY LIFE (WT)
Producer/Writer/Actor Kurt Yaeger crafted a docufiction mountaineering story that delves into a tragic, harrowing event—one that many would assume marks the end of a life, yet often proves to be a profound and uplifting beginning instead.
Credits:
Writer, Director, EP: Kurt Yaeger
Cast: Neil Hoover
Chris Regina added, “The TCL Film Machine program exemplifies TCLArt’s vision of blending cutting-edge technology with artistic expression to foster creativity on a global scale. This is a pivotal moment of realignment in the industry, and TCL is leading the way in demystifying the use of AI tools through our production initiatives. We were honored to welcome all the talented and intrepid visionaries to our TCL Studios. This group of creatives represents the very best of the entertainment industry and their experience and expertise will further strengthen our mission to enhance and advance content creation. We can’t wait for you to see this extraordinary slate of films.”
Daniel Smith said, “These last few months have seen an explosion of profound creativity with many challenges and obstacles, but imagination and determination helped drive us forward. We are so excited to show off these brilliant projects in this celebrated venue.”
Film Machine Bios:
About George Huang
George Huang began his Hollywood career working as an assistant for Paramount Pictures, Universal, Warner Brothers, Disney, and Columbia. He turned a decade of experience fetching coffee into his writing/directing debut, SWIMMING WITH SHARKS starring Kevin Spacey, Frank Whaley, Michelle Forbes, and Benicio del Toro. The 1995 low-budget independent film garnered awards from the Deauville Film Festival, Seattle International Film Festival, Independent Spirit Awards, and the New York Film Critics Circle. His next film is WEEKEND IN TAIPEI starring Luke Evans, Gwei Lun Mei and Sung Kang for EuropaCorp Pictures coming out November 8, 2024. George directed it and co-wrote it with Luc Besson. George is a professor at the UCLA School of Theater, Film and Television. George has worked on dozens of films and tv projects that include S.W.A.T., SPYKIDS, MACHETE, and LAW & ORDER: SVU. His wide range of experiences include Rock the Vote ads, Elijah Wood’s audition reel for LORD OF THE RINGS, and a Nike short film starring Kobe Bryant. He’s worked with acclaimed directors Robert Rodriguez, Luc Besson, and John Woo, as well as many first-time filmmakers and students.
About Chen Tang
Chen Tang began his acting journey while attending Emerson College in Boston with local and regional theater. He moved to New York to pursue a professional career in regional theater, television, and commercials, before finally landing in Los Angeles diving deep into film and television. He began to build a resume with roles in GREY’S ANATOMY, Amazon’s BOSCH, and ABC’s AGENTS OF S.H.I.E.L.D., among many others. Later, he starred as the supporting lead role of ‘Yao,’ a crude and tough, machismo-filled young soldier in Walt Disney Studio’s live action MULAN. Tang has been called by critics and audiences alike as being a “chameleon-like” actor on film and stage. He can most recently be seen reprising his series regular role in the Netflix/MAX series WARRIOR. From Bruce Lee Entertainment, Bruce’s daughter Shannon Lee, Justin Lin, director of the FAST AND FURIOUS franchise, and Jonathan Tropper, the series recently returned for a third season. In addition to acting, Chen has supported the Cambodian Children’s Fund, St. Jude Children’s Research Hospital, and the World Wildlife Fund for numerous years and lends his voice to the preservation of nature, wildlife, and the world’s oceans.
About Kellita Smith
Kellita Smith began her acting career in regional theater and has been working in the entertainment industry for over three decades, with credits spanning television and film. Her tv work includes featured and recurring roles on several iconic series including IN LIVING COLOR, NYPD BLUE, NASH BRIDGES, MARTIN, JAMIE FOX SHOW, and SISTER, SISTER, but Kellita may be best known for her role as Bernie Mac’s wife on FOX’s hit series THE BERNIE MAC SHOW. She received multiple nominations for the role of Wanda, which she played for over six years, and went on to perform in various Netflix and Syfy series and event specials. Kellita received another NAACP nomination for her work on the syndicated Byron Allen series THE FIRST FAMILY. In the film, Smith co-starred alongside Mo’Nique in HAIR SHOW, and later appeared in several films including CROSSING GUARD, HOUSE PARTY 3, FAIR GAME, KING’S RANSOM, ROLL BOUNCE and THREE CAN PLAY THAT GAME. She has been a writer/contributor to several magazines and has done voiceover work for public television’s WTTW. The award-winning actress received an NAACP Theatre Award for her role in the play FEELINGS and her various television roles garnered her multiple nominations throughout her career. She has several projects in development.
About Paul Johansson
Paul was nominated for Emmy Awards for writing and directing in the original Showtime movie THE INCREDIBLE MRS. RITCHIE starring Gena Rowlands. Paul and Gena won Emmys for their work.
Paul first directed the short film, CONVERSATIONS IN LIMBO, he then helmed several music videos and was asked by Nick Cassavetes to direct 2nd unit and all the flashback scenes in the film, YELLOW.
Paul directed 14 episodes of the series ONE TREE HILL, and several episodes of the Netflix hit series VAN HELSING, as well as ATLAS SHRUGGED: PART 1. As an actor, Paul co-starred in SOAPDISH before joining the casts of BEVERLY HILLS 90210, PARKER LEWIS CAN‘T LOSE, LONESOME DOVE: THE SERIES, HIGHLANDER: THE RAVEN, THE DISTRICT, MAD MEN, and starred in the hit ONE TREE HILL for nine years and 158 episodes. He has also guest starred on dozens of television series. His film credits include JOHN Q, ALPHA DOG, SHE’S SO LOVELY, THE NOTEBOOK, EDGE OF MADNESS, THE RIVER THIEF, BAD HOMBRES, CRYPTO, MUZZLE, DEAR ELEANOR, and GOD IS A BULLET. Currently, Paul has a large slate of projects in the works and is a founding member of 369 Film Finance Company which is actively financing multiple projects.
About Kurt Yaeger
Born in South San Francisco, Kurt Yaeger journeyed from professional athlete to dedicated hydrogeology researcher, pursuing a master’s degree, and investigating fluvial dynamics for dam removal projects with Berkeley Labs, until an accident altered his life’s trajectory. Kurt transitioned into the world of entertainment, where his career as a writer and actor flourished, and is now expanding to include producing and directing, Kurt is a proud member of the disabled community, fighting to make everyone understand the intrinsic value of a life well-lived with a disability. Through film and television, he strives to explore these themes with positivity and honesty. Kurt runs a production company, XA Endowment, that promotes positive portrayals of disability in films. XA is a film endowment that re-envisions how disabled talent is recognized and discovered. Kurt is a member of SAG/AFTRA (Performers with Disability Committee Member); Writers Guild of America (Writers with Disabilities Member), and Producers Guild Diversity Workshop Member
About Dave Clark
Dave Clark has pioneered the use of AI as a storytelling device in film, TV, and advertising. Regarded as one of the leading futurists, in the storytelling world, Clark is a writer/director passionate about telling stories from a dark, grounded, and human perspective in different genres. He has recently amassed millions of views for his groundbreaking viral AI directing work and is a sought-after voice for industry discussion about the use of AI tools to enhance development.
About TCLArt
TCLArt, launched by TCL in 2024, is a pioneering initiative that harnesses technology to make art more accessible and inspiring worldwide. By blending cutting-edge display innovations with artistic expression, TCLArt enhances art’s impact on society and fosters global creativity. Collaborating with renowned museums and showcasing at premier events, TCLArt embodies TCL’s mission to elevate everyday life through intelligent technology. Guided by TCL’s “Be Global, Be Caring, Be Tech” strategy, TCLArt transforms the world by fusing technology and boundless creativity.
About TCLtv+
TCLtv+ App is TCL’s dedicated ad supported streaming service that offers consumers in North America access to a wide array of entertainment, news, sports, and lifestyle programming. It provides viewers with a free and growing library of premium content from world-class content studios. In collaboration with creative partners who are also on the cutting edge of technology, TCL’s highly curated content offerings bring the next generation of TV viewing to audiences with a broader, more dynamic library of streaming channels. The expanding service now includes over 350 FAST Channels and – thousands of premium film and TV series. TCL is making significant advances using AI technology, as its TCL Studios continues to develop original content, further differentiating itself from other streamers and OEMs. TCLtv+ is currently available on TCL Roku TV and all Roku devices, TCL Google TV, and TCL Fire TV, and will soon be available on all TCL Connected TVs in the US and Canada. Visit the TCLtv+ website at TCLTVPLUS.com.
TCL Studios
TCL Studios is the new global production hub for TCL’s flagship streaming service, TCLtv+. It boasts a global team of animators, VFX experts and AI engineers, customizing the latest AI technology and empowering producers, writers, and actors to create premium television programs. The studio creates custom AI models and employs the latest technology including Stable Diffusion and others. The team hails from around the world pushing creative and enhanced storytelling by layering tech and high-quality design animation over traditional narrative.
Note: All unedited finalist bios are available on IMDb:
Follow TCLtv @tcltvplus X: @TCLtvplus Youtube: youtube.com/@TCLtvplus
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SOURCE TCLtv+
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5-Axis CNC Machining Centers Market to Grow by USD 792.5 Million (2024-2028), Driven by Self-Optimized Cutting, AI Transforming Market Landscape – Technavio
Published
30 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global 5-axis CNC machining centers market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis cnc machines. However, highly capital-intensive market poses a challenge.Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp..
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5-Axis Cnc Machining Centers Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 6.09%
Market growth 2024-2028
USD 792.5 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.64
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key countries
US, China, Germany, Japan, and France
Key companies profiled
DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.
Market Driver
Five-axis CNC machining centers are advanced manufacturing solutions that offer precision, adaptability, and efficiency for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B, enabling multi-sided machining of complex parts. Trends in this market include the medical industry’s demand for high-precision components, aerospace and defense’s need for lightweight structures, and hybrid manufacturing combining subtractive processes with additive technologies. CNC programming, toolpath optimization, and specialized training are essential for effective operation. Precision engineering sectors, such as aerospace, automotive, and medical, benefit from the ability to produce complex geometries with minimal setup times and cycle time. Real-time monitoring, smart instruments, and multifaceted tools ensure manufacturing efficiency and quality improvement. Vertical machining centers and horizontal machining centers cater to various industries, including petroleum, metal fabrication, commercial aviation, military systems, electric vehicles, and general machinery. Industrial robots further enhance manufacturing processes by automating material handling and labor safety. Five-axis technology’s adaptability and precision make it an indispensable part of modern manufacturing processes, driving innovation in various industries.
The 5-axis CNC machining centers market is experiencing increased demand due to the significance of reducing changeover times to enhance productivity. Changeover time, the interval between the completion of one workpiece and the setup of the next, significantly impacts productivity negatively. To mitigate this issue, manufacturers are focusing on trends such as parallel operation. During parallel operation, workpieces are prepared in separate working areas while the CNC machine executes an operation on another workpiece. This approach reduces idle time and ultimately boosts productivity, making 5-axis CNC machines an attractive investment for businesses.
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Market Challenges
The 5-axis CNC machining centers market is witnessing significant growth due to the increasing demand for advanced machining systems in various industries. Precision and adaptability are key factors driving this trend, as these systems enable the production of complex parts with high precision and efficiency. Industrial operations in sectors like aerospace, defense, medical, and automotive require intricate components with minimal setup times and optimal cycle times. Linear axes and rotating axes enable multi-sided machining, reducing the need for multiple setups and increasing manufacturing efficiency. The medical industry and high-precision components sector particularly benefit from this technology, as do industries producing complex geometries for applications in fields like aerospace and defense. Challenges in this market include the need for specialized training, toolpath optimization, and CNC programming. Hybrid manufacturing, combining subtractive processes with additive manufacturing, is a potential solution. Vertical and horizontal machining centers, industrial robots, and smart instruments are essential tools in this advanced manufacturing landscape. Safety, real-time monitoring, and cutting parameters are crucial considerations for labor safety and quality improvement. Changeover time, material handling, and manufacturing process optimization are also essential aspects of this dynamic market. The future of 5-axis CNC machining centers lies in advanced manufacturing solutions, incorporating the latest technology to meet the demands of diverse industries.The 5-axis CNC machining centers market is a significant investment for manufacturers, with raw materials accounting for approximately 48% of the overall manufacturing cost. Raw material prices, including iron, steel, aluminum, brass, and copper, significantly impact market profitability. Fluctuations in these prices necessitate frequent adjustments to pricing strategies, adding to operational expenses. Furthermore, workforce training and consultant hiring add to the financial burden. The need for continuous technological advancements also increases research and development costs, contributing to the market’s high manufacturing costs.
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Segment Overview
This 5-axis cnc machining centers market report extensively covers market segmentation by
End-user 1.1 Automotive1.2 Aerospace1.3 Metal fabrication1.4 OthersProduct 2.1 Vertical 5-axis CNC machining centers2.2 Horizontal 5-axis CNC machining centersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Automotive- The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding by launching new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Strict emission regulations and fuel efficiency standards are pushing automakers to adopt advanced manufacturing technologies, including 5-axis CNC machining centers. These systems enable cost-effective production of automotive parts and components with high precision. Despite the popularity of 3-axis machining, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China, will drive the growth of the 5-axis CNC machining centers market in the forecast period. The low gasoline prices are also fueling investment in the automotive sector, leading to higher adoption of these advanced manufacturing technologies.
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Research Analysis
The 5-axis CNC machining centers market represents the latest evolution in advanced machining systems, offering unparalleled precision and adaptability for industrial operations. These systems enable the production of complex parts with intricate geometries, reducing setup times and increasing efficiency. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication benefit greatly from these high-precision components. Hybrid manufacturing, combining 5-axis machining with other processes like additive manufacturing, further expands the capabilities of these systems. Vertical and horizontal machining centers are common types, each with their unique advantages. Cycle time and material handling are critical factors in optimizing manufacturing processes, while quality improvement and changeover time are essential for maintaining competitiveness. Computer Numerical Control (CNC) technology ensures precise tool movement, and the manufacturing process is streamlined through efficient setup and production processes.
Market Research Overview
The 5-axis CNC machining centers market encompasses advanced machining systems designed for manufacturing complex parts with high precision and adaptability. Industrial operations rely on these systems to produce intricate components with minimal setup times and increased manufacturing efficiency. 5-axis technology incorporates linear axes for X, Y, and Z movements, as well as rotating axes for B and C axes, enabling multisided machining and manufacturing of complex geometries. Industries such as medical, aerospace and defense, petroleum, and automotive benefit from the production of high precision components using these systems. Hybrid manufacturing, subtractive processes, and CNC programming are integral to the manufacturing process, requiring specialized training for operators. Real-time monitoring, toolpath optimization, and smart instruments enhance the production process, reducing cycle time and changeover time. Vertical and horizontal machining centers cater to various industries, including aerospace, defense, commercial aviation, electric vehicles, and general machinery. The integration of industrial robots and advanced manufacturing solutions further streamlines manufacturing processes, ensuring labor safety and quality improvement.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userAutomotiveAerospaceMetal FabricationOthersProductVertical 5-axis CNC Machining CentersHorizontal 5-axis CNC Machining CentersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Modal Signs Strategic Collaboration Agreement with AWS to Deliver Accelerated Generative AI Solutions
Published
30 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Modal, a serverless compute platform designed for AI workloads, today announced it signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help businesses — from startups to enterprises — develop and deploy artificial intelligence (AI) products faster through its purpose-built platform for graphics processing unit (GPU)-accelerated workloads.
Modal’s platform enables AI teams to quickly spin up GPU-enabled containers in as little as one second, facilitating rapid iteration and seamless autoscaling for production workloads. By leveraging the security, resiliency, and scalability of AWS, Modal has experienced rapid growth, attracting generative AI startups seeking flexible, powerful compute without the need for long-term commitments or extensive infrastructure management.
“We’re excited to deepen our collaboration with AWS, as their infrastructure empowers us to better serve the growing ecosystem of AI companies,” said Erik Bernhardsson, founder and CEO of Modal. “Together, we aim to accelerate the development and deployment of the next generation of AI applications by providing a seamless, scalable platform that works with the AWS services our customers already rely on.”
Modal’s platform abstracts away the complexities of GPU infrastructure management, allowing AI teams to focus on building innovative solutions. By combining Modal’s seamless developer experience with the breadth and depth of AWS services, customers can leverage the best of both worlds – a purpose-built platform for AI workloads backed by the proven scalability, performance, and security of AWS.
Mike Cohen, Head of AI & ML Engineering at Substack, a Modal customer, shared, “Our ML team loves Modal because it accelerates research and development, and deployment, while seamlessly integrating with our AWS-based infrastructure. This strategic collaboration will make it easier for us to build even more ambitious machine learning (ML) and AI features in the future.”
“At AWS, we’re committed to supporting innovative companies that drive technological advancement and address critical customer needs,” said Jon Jones, Vice President and Global Head of AWS Startups. “Modal’s traction in providing flexible, scalable, and immediate access to GPU resources for AI companies is impressive. We believe Modal’s offering has the potential to empower many leading AI companies to build and scale their solutions more effectively. We look forward to working closely with Modal to help them deliver positive outcomes for their customers.”
This collaboration underscores the value of Modal and AWS to provide flexibility and unlock greater business value for customers across industries. As part of this collaboration, Modal will enhance its enterprise offering, including listing in AWS Marketplace and investing in technical integrations like AWS PrivateLink, to better serve customers with specific security and privacy requirements. Modal will also showcase its container technology for AI at AWS re:Invent in December 2024.
For more information please visit: https://modal.com/
Media Contact: press@modal.com
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Technology
Defense IT Spending Market to Grow by USD 23.53 Billion (2024-2028), Driven by Autonomous Systems Development, Market Evolution Powered by AI – Technavio
Published
30 minutes agoon
November 25, 2024By
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global defense IT spending market size is estimated to grow by USD 23.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.49% during the forecast period. Development of autonomous systems is driving market growth, with a trend towards adoption of artificial intelligence (AI) and machine learning (ML). However, issues related to digital sovereignty poses a challenge.Key market players include Accenture Plc, Amazon.com Inc., BAE Systems Plc, CRON AI, Cubic Corp., CyAmast Pty Ltd., Dell Technologies Inc., General Dynamics Corp., Hewlett Packard Enterprise Co., Holo Light GmbH, International Business Machines Corp., Kratos Defense and Security Solutions Inc., Leidos Holdings Inc., ManTech International Corp., Microsoft Corp., Northrop Grumman Corp., Oracle Corp., Pennant International Group PLC, Science Applications International Corp. Inc., and Palantir Technologies Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Service, Software, and Hardware), Application (Cyber security, IT infrastructure, Logistic and asset management, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
Region Covered
North America, APAC, Europe, Middle East and Africa, and South America
Key companies profiled
Accenture Plc, Amazon.com Inc., BAE Systems Plc, CRON AI, Cubic Corp., CyAmast Pty Ltd., Dell Technologies Inc., General Dynamics Corp., Hewlett Packard Enterprise Co., Holo Light GmbH, International Business Machines Corp., Kratos Defense and Security Solutions Inc., Leidos Holdings Inc., ManTech International Corp., Microsoft Corp., Northrop Grumman Corp., Oracle Corp., Pennant International Group PLC, Science Applications International Corp. Inc., and Palantir Technologies Inc.
Key Market Trends Fueling Growth
Defense IT spending continues to grow as Defense Forces, Homeland Security, and Paramilitary Forces prioritize modernization. Key areas of focus include Cybersecurity to protect National defense data from Cyberattacks, Communication Systems for Secure communications, and Intelligence Technologies for data analysis. IT Infrastructure, Cloud Computing, and Software solutions are essential for Defense operations and Military Capabilities. Geopolitical Tensions fuel the demand for advanced IT Solutions such as 5G, Artificial Intelligence, and Autonomous Systems. Defense IT systems require Cutting edge technologies like Decision science platforms, Sensor systems, Actuators, and Control systems for Battlefield management in a Network centric environment. IT Spending on hardware, services, and IT technologies for Unmanned Systems, Smart weapons, and Virtual/Augmented Reality technology also increase. Government Policies and Defense Modernization initiatives drive investments in Healthcare IT, IoT analytics, and Military infrastructures. Overall, Defense IT spending remains a critical area of investment for enhancing Military capabilities and responding to evolving threats.
The global defense IT spending market is witnessing a significant increase in the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These innovations are gaining popularity among governments and defense organizations due to their potential to bolster military capabilities, streamline decision-making processes, and fortify national security. Autonomous systems, such as robotic systems, unmanned vehicles, and drones, are among the primary applications of AI and ML in the defense sector. These systems, which operate without human intervention, can carry out essential military tasks, including target detection, surveillance, reconnaissance, and combat operations. The integration of AI and ML in defense IT spending is a strategic investment for enhancing military readiness and effectiveness.
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Market Challenges
Defense IT spending continues to grow as Defense Forces, Homeland Security, and Paramilitary Forces invest in advanced IT solutions to enhance their capabilities. Challenges include securing cybersecurity for national defense data and secure communications. IT infrastructure, cloud computing, and data analytics are key areas of focus. Defense IT systems require the latest software, hardware, and services to support defense operations and military actions. Geopolitical tensions increase the need for modernization, with IT spending on intelligence technologies, 5G, artificial intelligence, and autonomous systems. Cyberattacks threaten defense IT infrastructure, making cybersecurity a top priority. IT technologies like sensors, VR/AR technology, and IoT analytics support battlefield management and decision-making in a network centric environment. Defense IT spending also covers healthcare, unmanned systems, and military infrastructures. Smart weapons, actuators, control systems, and flight simulators are essential for military readiness. Government policies and defense modernization initiatives drive IT investments in defense IT systems and IT technologies. Overall, defense IT spending is critical for maintaining military capabilities and staying ahead of the curve in the digital transformation.In the defense sector, the increasing use of digital technology, including augmented reality, necessitates prioritizing data privacy and protection from cyber threats. However, the involvement of cross-border data transfers in defense IT spending poses challenges due to the need for digital sovereignty. Dependency on foreign technology providers for IT systems and infrastructure can limit ownership and control over military capabilities, potentially jeopardizing digital sovereignty. Developing domestic defense IT capabilities is essential to maintain digital sovereignty, but it requires a significant investment of time and resources.
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Segment Overview
This defense it spending market report extensively covers market segmentation by
Type1.1 Service1.2 Software1.3 HardwareApplication 2.1 Cyber security2.2 IT infrastructure2.3 Logistic and asset management2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Service- The global defense IT spending market encompasses various service segments catering to defense organizations’ unique IT needs. These segments include Consulting Services, Systems Integration, Application Development and Maintenance, Managed Services, Cybersecurity Services, Training and Support Services, and Data Analytics Services. Military firms rely on Consulting Services for strategic advice on digital transformation, cybersecurity, data analytics, and technology adoption. Systems Integration ensures seamless communication and interoperability by integrating defense IT systems, tools, and software. Application Development and Maintenance create and manage specialized software applications for defense companies. Managed Services outsource IT tasks to vendors for cost savings and productivity gains. Cybersecurity Services protect critical infrastructure and private military data from cyber threats. Training and Support Services optimize IT system usage and performance. Data Analytics Services extract valuable insights from defense data for informed decision-making and operational efficiency improvements. These essential services enable defense organizations to adapt to technology landscapes, enhance capabilities, and drive the growth of the defense IT spending market.
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Research Analysis
The Defense IT Spending market is a critical sector that continues to evolve, driven by the increasing demand for advanced technologies to support Defense Forces, Civilian Forces, Homeland Security, and other government agencies. This market encompasses various domains, including Cybersecurity, Communication Systems, Intelligence Technologies, IT Infrastructure, Cloud Computing, Data Analytics, and more. Cutting-edge technologies such as Cybersecurity solutions, 5G networks, Artificial Intelligence (AI), Autonomous systems, and Internet of Things (IoT) analytics are increasingly being adopted to enhance security, improve communication, and optimize decision-making in a network centric environment. Additionally, Defense IT infrastructure supports the development of Smart weapons, Battlefield management systems, Decision science platforms, and Healthcare solutions. Communication Systems enable secure and reliable communication between forces, while Intelligence Technologies provide real-time data analysis and actionable insights. VR/AR technology, Flight simulators, and Sensors are also integral to the Defense IT Spending market, enabling advanced training and simulation capabilities. Overall, this market is undergoing a digital transformation, with a focus on integrating the latest technologies to enhance operational effectiveness and improve mission success.
Market Research Overview
The Defense IT Spending market is a critical sector that focuses on providing advanced IT solutions to Defense Forces, Homeland Security, and Paramilitary Forces worldwide. This market encompasses various IT sectors, including Cybersecurity, Communication Systems, Intelligence Technologies, IT Infrastructure, Cloud Computing, Data Analytics, and more. Defense IT systems are essential for military capabilities, ensuring secure communications, battlefield management, and decision-making in a network centric environment. The market is driven by Geopolitical Tensions, Defense Modernization, and Government Policies, leading to increased IT Spending on cutting-edge technologies such as 5G, Artificial Intelligence, Autonomous Systems, and Digital Transformation. Cybersecurity is a significant concern, with Defense Forces and National Defense Data at risk from cyberattacks. IT Solutions in this sector include Software, Hardware, and Services to protect against threats and ensure secure data transfer. Communication Systems, including sensors, actuators, and control systems, are crucial for military operations, while Unmanned Systems and VR/AR technology provide advanced training capabilities. Defense IT infrastructure also includes IT technologies for healthcare, military infrastructures, and IoT analytics for military actions. Smart weapons, sensors, and actuators are integral components of defense operations, while IT technologies such as flight simulators and battlefield management systems enable effective military decision-making. Overall, the Defense IT Spending market is a dynamic and evolving sector that continues to adapt to the changing needs of defense organizations worldwide.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeServiceSoftwareHardwareApplicationCyber SecurityIT InfrastructureLogistic And Asset ManagementOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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