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Ambow Education Secures $1.3 Million International Licensing Deal for HybriU

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CUPERTINO, Calif., Oct. 7, 2024 /PRNewswire/ — Ambow Education Holding Ltd. (NYSE American: AMBO) (“Ambow” or the “Company”), an AI-driven educational technology company, today announced that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow’s mission to advance the future of education and empower educators and students globally.

“This partnership extends HybriU’s presence in the rapidly growing global digital education sector,” said Dr. Jin Huang, Ambow’s President, Chief Executive Officer, and acting Chief Financial Officer. “As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the only available 5-in-1 total solution. It seamlessly integrates AI—empowering five key domains: teaching, learning, connectivity, recording, and management—along with lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector. HybriU delivers a unified learning experience that transcends the boundaries of both online and offline education, bridges language and regional divides, and connects academia with industry.”

HybriU’s cutting-edge 3D solution includes 3D signal capture, recording, transformation, and remote display capabilities. It supports broadcasting life-sized 3D projections of professors in remote classrooms via a 3D LED wall, enabling a highly immersive learning experience. Learners can engage in their native language while interacting with the 3D content, making the platform accessible and effective across diverse linguistic and regional boundaries.

Based in Singapore, Inspiring Futures brings extensive experience in the education sector, with a strong focus on educational intelligence and network connectivity within Asian markets. The company is now looking to expand internationally, targeting regions with a growing demand for high-quality education and advanced technology integration. Through strategic partnerships and relationships with key stakeholders, Inspiring Futures aims to deliver innovative solutions while positioning itself as a trusted partner in the global education landscape.

About Ambow

Ambow Education Holding Ltd. is a U.S.-based, AI-driven educational technology company dedicated to empowering educational institutions, educators, and students through cutting-edge AI and connectivity solutions tailored specifically to the education sector. With our innovative HybriU technology and the operation of the prestigious New School of Architecture & Design in San Diego, California, Ambow is committed to delivering unmatched, personalized, and impactful career education services, alongside advanced AI-driven digital education technologies and solutions. For more information, visit Ambow’s corporate website at https://www.ambow.com.

Follow us on X: @Ambow_Education

Follow us on LinkedIn: Ambow-education-group

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:
Ambow Education Holding Ltd.
E-mail: ir@ambow.com
or
Piacente Financial Communications
Tel: +1 212 481 2050
E-mail: ambow@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/ambow-education-secures-1-3-million-international-licensing-deal-for-hybriu-302268561.html

SOURCE Ambow Education Holding Ltd.

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Ricky Power Joins Stoch Analytics as Chief Growth Officer

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Stoch Analytics Limited, a software company based in Ireland, today announced that Ricky Power has joined the company as its Chief Growth Officer. In his new role, Mr. Power will lead the company’s sales, marketing, and business development activities.

“Stoch Analytics has an amazing team and a fantastic set of products,” said Chris Stiefeling, CEO and cofounder of Stoch Analytics. “Ricky joins us at the perfect time in our journey and will help us to unlock the incredible potential of what we have built. Ricky knows the actuarial market exceedingly well and fully appreciates the value and cost savings that we can deliver to life insurers around the world.”

Stoch Analytics develops, sells, and supports high-performance stochastic modeling solutions for the life insurance industry. These solutions include the company’s flagship Atlas software suite used for pricing, valuation and projection of insurance asset and liability portfolios. Atlas is well known for running 100 to 200 times faster than many competing products and is licensed by some of the world’s largest insurance companies. The company acquired the Atlas software suite from Oliver Wyman in 2023.

Mr. Power formerly led AXIS actuarial software sales globally at Moody’s Analytics. His focus for over a decade has been helping life insurers to find the best solutions for their actuarial modelling, financial reporting and scenario generation needs.

“The Stoch Analytics team have a long and rich history providing best of breed actuarial solutions. They have continuously modernized as they developed so customers can benefit from continuous improvement in features and functionality while enjoying unrivalled raw compute power and calculation speed,” said Ricky Power, Chief Growth Officer of Stoch Analytics. “I am very excited to join the team to support our growing customer base.”

About Stoch Analytics Limited

At Stoch Analytics, we deliver industry-leading modeling solutions to help life insurers navigate the stochastic world. Our flagship Atlas actuarial modeling suite has been in production at top insurers around the globe for more than 20 years. Formerly part of Oliver Wyman, we opened a new chapter by establishing Stoch Analytics in 2023, enabling us to focus on providing software and services for actuarial and risk management applications. For more information, visit www.stochanalytics.com.

Media Contact:
inquiries@stochanalytics.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ricky-power-joins-stoch-analytics-as-chief-growth-officer-302268731.html

SOURCE Stoch Analytics Limited

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CobbleStone Software’s Highly-Anticipated User Conference Is Only Days Away

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The 2024 CobbleStone Software user conference is taking place next week in vibrant Las Vegas.

PRINCETON, N.J., Oct. 7, 2024 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – continues its tradition of hosting an immersive and educational conference event from October 16th to the 18th.

“Attendees will have a great time networking with like-minded individuals within the contract management space, and we look forward to hosting and educating about the vast benefits of efficient AI powered CLM solutions,” – Bradford Jones, VP of Sales and Marketing at CobbleStone

Attendees can expect a powerful conference packed with industry speakers, an exciting agenda, interactive workshops, and much more. Surrounded by contract management and procurement leaders, innovators, and experts, attendees will be exposed to great networking opportunities. With a high number of registrants, CobbleStone® is prepared to maintain its successful user conference track record by engaging with CobbleStone Contract Insight® users and prospective users next week.

While the conference will take place from Wednesday, October 16th to Friday, October 18th, prospective users have registered for a one-day-only complimentary contract management conference on Thursday, October 17th.

Some conference highlights will include:

Thought leadershipNetworking opportunitiesInteractive sessionsCLE sessionsExciting keynote speakerAnd much more

To view the full conference agenda, click here.

“We are very excited that attendees are days away from witnessing the immersive and thought-provoking conference. Attendees will have a great time networking with like-minded individuals within the contract management space, and we look forward to hosting and educating about the vast benefits of efficient AI powered CLM solutions,” says Bradford Jones, VP of Sales and Marketing at CobbleStone Software.

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:

LinkedInXFacebookYouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Simran Bains, CobbleStone Software, 866-330-0056, Marketing@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/ 

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View original content to download multimedia:https://www.prweb.com/releases/cobblestone-softwares-highly-anticipated-user-conference-is-only-days-away-302267547.html

SOURCE CobbleStone Software

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aelf and Gaia Hosted Hello [AI], Bringing Together AI and Blockchain Innovators at TOKEN2049 Week

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aelf’s AI-themed event kicked off Singapore’s TOKEN2049 week, paving the way for the future of AI-blockchain integration

SINGAPORE, Oct. 7, 2024 /PRNewswire/ — aelf, a leading AI-enhanced Layer 1 blockchain network, hosted Hello [AI] on 16 September 2024, with co-host Gaia. The event successfully kicked off Singapore’s TOKEN2049 week, attracting a capacity crowd of AI and blockchain enthusiasts, industry experts, and Web3 innovators at SKAI Loft, Swissôtel. Attendees included AI and blockchain enthusiasts, developers, industry experts, and Web3 leaders, looking to explore the fusion of AI and blockchain.

Supported by Google Cloud and Microsoft, and featuring partners such as Asia Blockchain Gaming Alliance (ABGA), NEAR, Plug and Play, Sapien, and SchellingAI, Hello [AI] underscored the growing synergy between AI and blockchain. The event provided a vibrant platform for discussion, thought leadership, and networking, signalling the critical role blockchain technologies will play in the future of digital innovation.

Advancing the AI-Blockchain Dialogue

At the heart of Hello [AI] was a focus on AI and blockchain integration. Brian Liang, COO of aelf, delivered the keynote, sharing aelf’s vision of an AI-enhanced blockchain ecosystem.

He emphasised the importance of community engagement in shaping this future and highlighted key developments from aelf’s Whitepaper v2. This includes aelf’s recent successful deployment of AI-powered audits for smart contracts and the integration of machine learning for smart contract optimisation. Liang also revealed upcoming developments, such as the rollout of aelf’s AI oracle and the use of natural language processing (NLP) to simplify smart contract creation.

Panel Discussion: AI-Powered Blockchain Application

A lively panel discussion moderated by Khaniff Lau, Business Development Director at aelf, featured key figures exploring the future of AI-enhanced blockchain applications. Panellists included Sydney Lai, Head of Developer Advocacy at Gaia; Steve Shirkey, Director of Azure AI for ANZ, ASEAN, and Korea at Microsoft; Chris May, Head of Global Sales at Sapien; and CC Chen, AI Blockchain Expert at Google Cloud.

The panel explored the potential of AI-powered blockchain applications, delving into real-world use cases and addressing challenges such as AI hallucinations. The panellists shared insights on improving the integration of AI in decentralised applications, enhancing interoperability between AI and blockchain systems, and overcoming technical barriers to adoption.

Fireside Chat: Can AI Become Truly Decentralised?

In a thought-provoking fireside chat moderated by Khaniff Lau, Emad Mostaque, Founder of Schelling AI, and Luki Song, Head of Ecosystem & Strategy at Chainbase, explored the potential for AI to not just exist within decentralised systems, but to actively function in a fully decentralized manner.

This discussion highlighted blockchain’s capacity to address key concerns around data ethics, trust in algorithms, and the infrastructure necessary to support decentralised AI, while offering insights into how decentralisation could reshape the AI landscape.

Interactive On-Chain Entertainment and Engagement

Beyond discussions, Hello [AI] offered on-chain, hands-on experiences. Attendees gamified their event participation by voting for music genres via TMRWDAO‘s Votigram bot on Telegram, weaving decentralisation into entertainment. Guests also collected Crypto Boxes, with rewards in the form of $ELF tokens, and $SGR tokens from Project Schrodinger, the world’s first AI-powered 404 NFT collection. These elements showcased blockchain’s ability to seamlessly integrate into real-world experiences and provide tangible rewards through decentralised technologies.

aelf’s Vision for a Decentralised, AI-Enhanced Future

Hello [AI] kickstarted this year’s TOKEN2049 and signified aelf’s pivotal role in advancing decentralised AI and blockchain technologies. The success of Hello [AI] sets the stage for aelf’s role as a pioneer in AI and blockchain convergence. “We are excited by the collective brilliance and shared vision within our community,” said Brian Liang. “As we continue to evolve, we invite more innovators to help us shape the future of Web3.” As aelf continues to lead the way in AI-blockchain integration, Hello [AI] underscored the network’s commitment to building a decentralised, AI-enhanced future for the global Web3 ecosystem.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com 

Telegram: https://t.me/aelfblockchain  

Discord: https://discord.gg/aelfblockchain

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and remains dedicated to advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/ 

About Gaia

Gaia is a pioneering decentralized AI platform dedicated to transforming knowledge into a dynamic, secure, and collaborative ecosystem. By bridging the gap between centralized AI solutions and open-source models, Gaia offers a unique network of living knowledge organisms that adapt and grow continuously. Our platform empowers knowledge holders to protect and monetize their intellectual property while enabling developers to build innovative, smarter applications on top of a secure, evolving foundation. With a commitment to privacy, adaptability, and collaboration, Gaia is redefining the future of AI, making knowledge a vibrant, protected, and accessible resource for all.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information. aelf reserves all rights not expressly granted in this press announcement.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aelf-and-gaia-hosted-hello-ai-bringing-together-ai-and-blockchain-innovators-at-token2049-week-302268834.html

SOURCE aelf

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