Technology

ChemAI: AI-Driven Digital Chemistry Pioneer announces Strategic Rebrand and Key Board Appointments

Published

4 hours ago

November 27, 2024

LEEDS, England, Nov. 27, 2024 /PRNewswire/ — Deepmatter, a leading innovator in digital chemistry, today unveils its rebrand to ChemAI, as part of a strategic growth plan to revolutionize the future of chemistry with artificial intelligence (AI). The rebrand reflects the company’s vision to empower scientists with advanced AI tools that redefine chemical discovery and manufacturing.

Over recent years, ChemAI has developed and commercialised a suite of AI-driven tools that enable chemists to dramatically improve the efficiency and cost-effectiveness of synthetic routes and formulations. These tools also uncover novel and innovative synthetic pathways. The AI is underpinned by access to proprietary data: a comprehensive and growing chemical database of over 23 million chemical reactions.

Already collaborating with leading pharmaceutical, biotech, and cosmetic firms, ChemAI’s rebranding underscores its mission to harness AI and data-driven innovation to transform the discovery, development, and production of chemical products.

In conjunction with its rebrand, ChemAI announces significant additions to its Board of Directors to support the company’s next growth phase:

Dave Norwood has been appointed Chairman. A seasoned leader in deep-tech and life sciences, Dave is the founder of IP Group PLC and Oxford Science Enterprises, which has driven over £1.5 billion in investments into Oxford since 2015. He also co-founded Oxford Nanopore, a global leader in DNA sequencing, among other notable UK tech companies.Tony de Fougerolles, PhD has joined as a Non-Executive Director, bringing over 25 years of experience in biotechnology R&D, most recently CEO of Evox Therapeutics. Tony previously served as CSO at Ablynx, where he contributed to the approval of caplacizumab, the first single-domain antibody drug, and advanced immunology and oncology pipelines. As founding CSO at Moderna, he pioneered the foundational mRNA science that underpins the entire sector including the approved mRNA vaccines. He also held leadership roles at Tolerx and Alnylam. Tony serves on the boards of Etherna, Chimeron Bio, Helfie AI and Lift Biosciences. He earned a PhD in Immunology from Harvard and a BSc from McGill.

Commenting on these developments, Dave Norwood, Chairman, said:

“The rebrand to ChemAI reflects our bold ambition to redefine the role of data and AI in chemistry. By combining a visionary approach with a strengthened leadership team, ChemAI is well-positioned to drive transformative change and unlock unprecedented opportunities in the chemical and pharmaceutical industries.”

Tony de Fougerolles, Non-Executive Director, added:

“I’m thrilled to join ChemAI at such an exciting juncture. The company’s AI-powered platform has immense potential to accelerate innovation and improve efficiencies across the chemical ecosystem. Our approach to AI won’t replace chemists entirely, but chemists using our tools will be immeasurably more productive and creative than those that don’t”

ChemAI’s rebrand and new Board appointments underscore its commitment to empowering researchers, manufacturers, and innovators with tools that enhance productivity, sustainability, and innovation. As ChemAI, the company remains steadfast in its mission to create a world where data and AI-driven chemistry fuel solutions for global challenges.

About ChemAI

ChemAI (formerly Deepmatter) is a UK-based privately-held technology company leading innovation in digital chemistry. Leveraging AI, machine learning, , ChemAI optimizes chemical research and manufacturing, driving breakthroughs across the chemical, pharmaceutical, and material science industries. Its proprietary platform combines proprietary chemical reaction data, large language model (LLM)-enabled data extraction tools, and domain-specific AI for route prediction, reaction optimization, and automation control.

For more information, visit chemai.io

Logo: https://mma.prnewswire.com/media/2568474/ChemAI_Logo.jpg

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SOURCE ChemAI Ltd

Technology

NASA, USAID Invite Media to Launch of New SERVIR Central America Hub

Published

2 minutes ago

November 27, 2024

HUNTSVILLE, Ala., Nov. 27, 2024 /PRNewswire/ — NASA and the U.S. Agency for International Development (USAID) invite media to the official launch celebration of the new SERVIR Central America regional hub, located in Costa Rica, on Tuesday, Dec. 3, at 11 a.m. EST. The event will be hosted by NASA SERVIR Program Manager Daniel Irwin, U.S. Ambassador to El Salvador William H. Duncan, and a representative from El Salvador’s Ministry of Environment and Natural Resources (MARN).

Central America is the latest addition to SERVIR’s global network, a NASA and USAID initiative that has been operating in Asia, Africa, and Latin America since 2005.

Implemented by the Tropical Agricultural Research and Higher Education Center (CATIE), SERVIR Central America will strengthen climate resilience, sustainable resource management, and biodiversity conservation through satellite data and geospatial technology. The SERVIR Central America hub will support evidence-based decision-making at local, national, and regional levels, strengthening the resilience of more than 40 million people in one of the world’s most climate-vulnerable regions.

The event will be in Spanish with English translation available.

For press access and location details, please RSVP to Belarminda Quijano at belarminda@bqcomunicaciones.com by Monday, Dec. 2. NASA’s media accreditation policy is online. The event will be livestreamed.

For more information on SERVIR, visit:

https://www.nasa.gov/servir/

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SOURCE NASA

Technology

NOVASPARKS FEEDHANDLERS NOW OPTIMIZED FOR TSE’S ARROWHEAD 4.0

Published

2 minutes ago

November 27, 2024

The Leading FPGA-powered market data company announces a successful migration to Arrowhead 4.0, demonstrating its strength with FPGA-powered feed handlers.

NEW YORK and LONDON and PARIS and TOKYO, Nov. 27, 2024 /PRNewswire/ — NovaSparks, the leading field programmable gate array (FPGA) market data company, today announced the successful introduction of its FPGA feed handlers to support the new Arrowhead 4.0 feed on Tokyo Stock Exchange’s (TSE), one of the most strategic and competitive markets in the Asia-Pacific (APAC) region. NovaSparks continues to enhance its coverage in APAC markets by reducing the latencies of its feed handlers on multiple APAC exchanges, and by developing market-specific features such as Itayose for TSE—a Japanese auction method used to set prices and facilitate the reopening of trading floors. This achievement underscores NovaSparks’ ability to support advanced market technology and its ongoing commitment to the APAC financial sector.

The Arrowhead 4.0 migration, a significant move by TSE, shifts from Market by Level (MBL) to Market by Order (MBO), providing traders with unparalleled market data granularity. Unlike MBL, where quotes are aggregated, MBO publishes each individual buy and sell order, offering traders a detailed view of market activity. This transition allows market participants to leverage deeper insights and execute more strategic trading decisions.

“Increasing the transparency and granularity of market data has been pivotal for enhancing trading strategies and market resilience,” said Luc Burgun, CEO of NovaSparks. “With the shift from Market by Level to Market by Order, traders now have a deeper view of individual orders, enabling optimized order placement and advanced algorithmic trading. Our FPGA solutions were instrumental in processing the surge in data volume seamlessly, reinforcing market stability and performance. This transition exemplifies our commitment to equipping financial institutions with the technology needed to stay competitive and compliant during high frequency trading.”

“Arrowhead 4.0 was a very important market data feed for our company, and using NovaSparks enabled us to significantly reduce the complexity of switching to the MBO format. We achieved our goal of not losing any packet while providing consistent auction prices since the first days of trading,” said one of NovaTick’s customers who successfully moved his brokerage trading infrastructure to TSE Arrowhead 4.0.

The Power of FPGA Technology

The MBO format significantly increases data volume—an estimated additional 3 000+ messages per second—and demands that feed handlers build comprehensive order books, a task not required under MBL. While software-based solutions may need up to three times more memory and double the computing power to process this influx, FPGA technology excels in handling such high data loads efficiently, maintaining high-performance with the speed and determinism that only FPGAs can bring.

About NovaSparks

NovaSparks is the leader in FPGA-based high performance and ultra-low latency trading solutions for financial markets. NovaTick™, its flagship Ticker Plant product, supports 75 feeds across the major Equities, Futures and Options trading venues in North America, Europe and Asia. It is packaged in scalable ‘easy-to-deploy’ appliances or in ‘tightly coupled’ PCIe cards. NovaSparks scalable and deterministic feed handlers deliver normalized market data, including order book building and multi-feed consolidation with sub microsecond processing latency, even during market peaks period. Deterministic performance is extended to the whole trading cycle, whether the trading algorithms are implemented in software or in hardware. NovaTick™ also includes advanced built-in functions to support and optimize the use of wireless infrastructures.

The company is headquartered in Paris (France), New York City (USA) and has offices in London (UK), Nantes (France), Athens (Greece) and Bangkok (Thailand).

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SOURCE NovaSparks

Technology

Netlight announces new rotation in CEO duo

Published

2 minutes ago

November 27, 2024

STOCKHOLM, Nov. 27, 2024 /PRNewswire/ — Netlight, a leading digital consulting firm, announces a rotation in the CEO duo. Felix Sprick will step out from his role to continue as a Partner amongst Partners while Anders Thall will be stepping into the position alongside the current co-CEO Katri Junna.

Netlight introduced its innovative CEO duo model in 2021, featuring two equal leaders sharing the role. This model challenges the traditional CEO structure, offering richer perspectives, a broader leadership skill set, greater international exposure and an equal sparring partner for those in the role.

The rotation principle is a fundamental feature of Netlight’s CEO duo model. Netlight’s Board of Directors, in collaboration with the Partner group, selects every few years a new co-CEO from Partner group maintaining alignment with Netlight’s vision and values to drive long-term success.

The newly appointed co-CEO Anders Thall is a Partner and consultant, based in Netlight’s office in Stockholm. Thall has a track record of strategic advisory and he has been working with defining and expanding Netlight’s service offering globally.

Alongside the rotation in the CEO duo, Netlight strengthens the executive group by appointing Djavad Hedayati, Partner based in Munich, to be part of the group. The executive group is responsible for Netlight’s global business operations and governance.

This will take effect from 1st of January 2025.

“I am excited and honored to step into the role of co-CEO. Netlight’s commitment to innovation, collaboration, and diversity aligns closely with my own values. I look forward to working alongside Katri Junna to build on the company’s success,” says Anders Thall, the new co-CEO.

“At Netlight, we thrive on continuous renewal, which allows us to adapt, innovate, and stay competitive in a changing world – and our co-CEO model is in line with that. I am thrilled to welcome Anders Thall to the role, I believe our strengths complement each other in serving Netlight going forward,” says Katri Junna the current co-CEO.

Erik Fröberg, Chairman of the Board, adds: “Netlight has successfully navigated a challenging market environment, and I want to extend my gratitude to Felix Sprick for his valuable contributions. We are pleased to welcome Anders Thall as the new co-CEO. We are confident that the combined leadership of Katri Junna and Anders Thall will enable Netlight to thrive and excel in the ever-evolving digital landscape. I am also very pleased that Djavad will be part of the executive group where he will assume increased responsibility.”

From the departing co-CEO Felix Sprick: “Serving as co-CEO of Netlight has been an incredible journey and an honour. I deeply believe in the strength of our rotation model, which enables leaders to step into and out of the role seamlessly and without prestige. This approach not only provides Anders Thall the opportunity to grow and thrive as he takes on the role, but also allows me to refocus on driving Netlight forward from a partner perspective.”

About Netlight

Netlight is an international digital consulting firm, helping leading companies to succeed in the digital landscape, from advice to implementation. Our service contains the collective intelligence of 2000 consultants offering a comprehensive range of digital services, from strategy to technology. We support industries that are facing new challenges and opportunities based on new technology, to make better business. Netlight has been awarded several times for profitable growth and management, as a top employer, and for our engagement in Diversity, Equity, and Inclusion. Located in Stockholm, Oslo, Helsinki, Copenhagen, Munich, Hamburg, Berlin, Frankfurt, Zurich, Cologne, Amsterdam and Toronto. Co-creating the future today, since 1999. www.netlight.com