Technology

Introducing The Next Generation of Mill

Published

1 year ago

February 29, 2024

SAN BRUNO, Calif., Feb. 29, 2024 /PRNewswire/ — The next generation of Mill is here, and it promises to help you waste less while you sleep. In less than a year, Mill (the food waste-recycling system that turns household food scraps into dry grounds to feed farms or gardens) has helped people keep over one million pounds of food out of the landfill. The next generation of Mill is faster, smarter, and quieter than ever—and poised to take an even bigger swing at the 43 million tons of food Americans throw away each year.

The next generation of Mill is faster, smarter, and quieter than ever—helping you waste less while you sleep.

“The first generation of Mill is the best product I’ve worked on in my career. The next generation is even better. In less than a year, we’ve already helped people save one million pounds of food by turning kitchen scraps into food for farms and gardens. Mill fulfills the promise of what technology and innovation can and should do for society, making people’s lives easier while also making an impact on the planet,” said Matt Rogers, Cofounder and CEO at Mill.

Easy to Use, Convenient, and Super Fast

The next generation of Mill can process a pound of wet food scraps in 2.5 hours (faster than most dishwasher cycles). The vertical stainless steel augers quietly and efficiently dry and grind food scraps overnight into clean, dry grounds. The bin can process 40 pounds of wet food scraps before it needs to be emptied, which means you don’t need to think about it for weeks and weeks. With an innovative odor system, including 2 million square meters of coconut charcoal and a whisper-quiet hum of 41 decibels, you’ll smell and hear nothing.

Sleek Design Houses the Magic Inside

Built by former Apple and Nest engineers, Mill’s sleek, minimalist aesthetic is designed to blend into the background of any kitchen. Featuring a powder-coated steel enclosure and ergonomic handles that double as air vents, the pill-shaped design is both elevated and easy to use. The bespoke die-cast aluminum bucket with ceramic coating enables faster and more efficient drying times.

Advanced Artificial Intelligence Techniques for the Planet

The only food-recycling system that uses modern artificial intelligence techniques to get smarter and more efficient over time, Mill’s set-it-and-forget-it approach blends into the background of everyday life while having real impact on your kitchen and the planet. Smart run times are designed to be energy efficient based on how much food you put in, while the connected system receives regular over-the-air software updates (just like your phone!) to improve and get better over time. Mill uses integrated sensors and advanced artificial intelligence methods to determine the quickest runtime needed to transform food scraps into dry grounds, which means you can add food anytime, even mid-cycle.

Real Impact While You Sleep

Mill’s connected system is equipped with scales, sensors, and access to pathways that make it easy for people to turn leftovers into food for farms or gardens. Mill can accurately measure how much food is being processed across the fleet of connected kitchen bins, instead of relying on assumptions or self-reported surveys. Understanding individual impact helps encourage and reinforce behavior change, and is a core component of Mill’s vision for systems impact. Mill customers will be able to see how many pounds of food they’ve saved from the landfill with Mill’s connected app, and receive personalized impact reports with Mill pickups.

“One million pounds diverted from the landfill is a significant milestone not only for Mill, but for the waste industry overall, primarily because that number is real. With sensors and scales inside Mill and access to pathways that get food scraps back to farms, Mill isn’t relying on guesswork or assumptions to figure out how much food they’ve kept out of the landfill. They can accurately measure food waste at the household level, which is a challenge that has plagued public officials for decades. This kind of innovation and systems change is going to be key to ensuring the success of California’s landmark food waste law, SB 1383, and it’s exciting to see California companies rise to this challenge,” said Nick Lapis, Director of Advocacy at Californians Against Waste.

The next generation of Mill is available for purchase ($999) or rental (beginning at $29.99/month) starting today. Financing options starting at $20/month will be available in April.

About Mill Industries Inc. (“Mill”)

Mill makes it easy to prevent food waste at home with an innovative new food recycling system and pathways that keep food out of landfills. Food isn’t trash. Together, we can do better.

Mill was founded in 2020 by Matt Rogers and Harry Tannenbaum, who worked together at Nest, building the iconic Nest Learning Thermostat and other smart home products. The lessons they learned about encouraging new habits at home that are good for people and the planet were applied in creating Mill to change our perception of waste, starting in the kitchen.

Mill is a trademark of Mill Industries Inc.

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Technology

KT Corp. Files 2024 Annual Report on Form 20-F

Published

3 minutes ago

April 29, 2025

SEOUL, South Korea, April 29, 2025 /PRNewswire/ — KT Corporation (NYSE: KT), South Korea’s leading integrated telecommunications and platform service provider, announced that it has filed its Form 20-F Annual Report on April 29th, 2025 for the year ended December 31, 2024 with the Securities and Exchange Commission of the United States. The report can be accessed on KT’s English website at https://corp.kt.com/eng in the Investors section under Business Report as well as the SEC’s Edgar database at www.sec.gov.

About KT Corporation (KRX: 030200; NYSE:KT)

KT Corporation is the leading integrated telecommunications and platform service provider based in South Korea. Principal services include mobile, Broadband, IPTV, B2B communications, and fixed-line telephony. The Company has industry-leading market presence in Broadband, media services, and fixed-line telephony by maintaining No.1 market share positions. Also, the Company is the No.1 player in B2B communications and offers a wide range of other information technology and network services including data centers and cloud services. Additionally, the Company possesses a well-balanced portfolio of diverse subsidiaries focusing on media/content, financial services, real estate operations, and commerce industries.

Forward-Looking Statements

This communication contains “forward-looking statements” that are based on our current expectations, assumptions, estimates and projections about us and the industries in which we operate. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “should,” and similar expressions. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be incorrect. The uncertainties in this regard include, but are not limited to, those identified in the risk factors discussed above. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans and objectives or projected financial results referred to in any of the forward-looking statements. We do not undertake to release the results of any revisions of these forward-looking statements to reflect future events or circumstances.

IR department:
+82-70-4193-4036
ktir@kt.com

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SOURCE KT Corp.

Technology

The Social AI Platform CHAI Breaks User Records as Others Suffer Extreme Outage

Published

3 minutes ago

April 29, 2025

CHAI, the social AI platform, has reported record user engagement numbers following a weekend marked by significant service disruptions from a major competitor. As the AI conversation space continues to evolve rapidly, CHAI’s commitment to stability and user experience is resonating strongly with the market.

PALO ALTO, Calif., April 29, 2025 /PRNewswire/ — CHAI, the social AI platform, has reported record user engagement numbers following a weekend marked by significant service disruptions from a major competitor. As the AI conversation space continues to evolve rapidly, CHAI’s commitment to stability and user experience is resonating strongly with the market.

Market Dynamics and Service Reliability

This past weekend, April 26-27, the AI conversation platform market experienced notable volatility when users from a major competitor reported multiple service disruptions, including a substantial 8-hour outage on April 26th. These interruptions created significant frustration within the user community, with one complaint being: “The amount of times it has gone down for the past week is laughable.”

Meanwhile, CHAI witnessed an unprecedented increase in daily active users (DAU), reaching an all-time high as users sought more reliable alternatives in the conversational AI space.

Why Users Choose CHAI

CHAI’s success stems from its unique approach that balances technological advancement with operational excellence. Despite maintaining a lean organizational structure, the company has developed a scalable infrastructure that delivers consistent, uninterrupted experiences even during periods of rapid user growth.

“In today’s competitive landscape, we’ve focused on the delicate balance between service reliability and responsive feature development,” explains William Beauchamp, CHAI’s founder. “Our engineering philosophy emphasizes architecture that accommodates both stability and innovation—principles that appear to align with user expectations.”

Community-Driven Development

CHAI’s development philosophy centers on authentic user engagement. The company maintains an active presence on its Reddit community (r/ChaiApp), where team members regularly interact with users, collect feedback, and transparently communicate about upcoming features and improvements.

Users particularly noted CHAI’s responsiveness to community needs. “The level of engagement from their team is remarkable,” a user shared on Reddit. “Features that users have been requesting for months elsewhere seem to materialize within weeks at CHAI.”

Looking Forward

As CHAI continues to welcome new users, the company remains focused on its core mission: delivering engaging, reliable AI conversations while continuously refining their AI models. This commitment to excellence, combined with their community-first approach, positions CHAI for continued growth in the increasingly competitive conversational AI market.

For more information about CHAI’s innovative approach to AI conversation, visit their official website or join their thriving Reddit community at r/ChaiApp.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai

Technology

TE Connectivity announces pricing of €500 million 2.500% senior notes offering

Published

1 hour ago

April 29, 2025

GALWAY, Ireland, April 29, 2025 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) (“TE Connectivity”) today announced that Tyco Electronics Group S.A. (“TEGSA”), its indirect wholly-owned subsidiary, has priced an offering of €500 million aggregate principal amount of its 2.500% senior notes due 2028.

The offer is being made pursuant to an effective registration statement filed by TE Connectivity, TE Connectivity Switzerland Ltd. and TEGSA on October 1, 2024, which includes a prospectus, and a prospectus supplement dated April 29, 2025.

The €500 million senior notes due 2028 will be issued at a price of 99.610% and will have a stated interest rate of 2.500% per year, payable annually.

TE Connectivity intends to use the net proceeds of this offering, together with any net proceeds received from any concurrent USD notes offering, for general corporate purposes, including the repayment of debt incurred in connection with the acquisition of the Richards Manufacturing business.

Barclays Bank PLC, BNP PARIBAS, BofA Securities Europe SA, Citigroup Global Markets Limited, Deutsche Bank Aktiengesellschaft, Goldman Sachs & Co. LLC, J.P. Morgan Securities plc and Scotiabank (Ireland) Designated Activity Company are joint book-running managers for this offering, which is expected to close on May 6, 2025.

A copy of the base prospectus in the registration statement or the prospectus supplement for the offering can be obtained from the Securities and Exchange Commission’s website at www.sec.gov or by calling Barclays Bank PLC toll free at 1-888-603-5847, BNP PARIBAS toll free at 1-800-854-5674, BofA Securities Europe SA toll free at 1-800-294-1322, Citigroup Global Markets Limited toll free at 1-800-831-9146, Deutsche Bank Aktiengesellschaft toll free at 1-800-503-4611, Goldman Sachs & Co. LLC toll free at 1-866-471-2526, J.P. Morgan Securities plc at +44-20 7134-2468 (Non-US investors), J.P. Morgan Securities LLC collect at 1-212-834-4533 (US investors) or Scotiabank (Ireland) Designated Activity Company at +353 1790 2024.

This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

MiFID II and UK MiFIR – professionals/ECPs-only / No PRIIPs or UK PRIIPs KID – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the notes are not available to retail in EEA or the UK.

Neither this announcement, the offer or any other offer materials relating to the offer is being made, and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (as amended, the “FSMA”). Accordingly, this announcement, the offer and such documents and/or materials are not being distributed to, and must not be passed on to persons in the United Kingdom other than (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”); or (b) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (such persons together being “relevant persons”). This announcement and the offer are only available to relevant persons and the transactions contemplated herein will be available only to, or engaged in only with relevant persons, and must not be relied or acted upon by persons other than relevant persons.

About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS.

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements regarding the notes offering. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and impacts of offsetting hedges; natural disasters and political, economic and military instability in countries in which we operate, including the continuing military conflicts in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation, including the effects of Irish tax reform (if applicable). More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2024 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

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SOURCE TE Connectivity plc