Latest news with #AIInnovation
Technical.ly
3 days ago
- Business
- Technical.ly
Philly's FORT Robotics lands $19M to scale machine safety platform
Biotech has always been a regional strength, and there's news about wins in that sector, but the Philly ecosystem also saw strong performance that points to other sectors on the rise. Robotics is one: On the heels of last year's Ghost Robotics acquisition and the continuing success of Burro, this month brought an announcement that FORT Robotics added a major chunk to its Series B, upping its total raise to over $60 million. Meanwhile, Dispatch Bio emerged from stealth and announced it had raised $216 million over the last three years. Plus, tech workforce development program Hopeworks received a donation from Dell Technologies to launch AI hubs. Get all the details on the latest money moves below the hiring trends chart. FORT Robotics raises $18.9 million FORT Robotics, which makes wireless functional safety systems for autonomous machines, raised an additional $18.9 million for its Series B round. The Center City company previously raised $25 million for its Series B, in 2022. Since then, the company launched a new hardware system that offers distributed control over internet protocol and wireless networks and allows users to control fleets of machines. It's now expanding its reach to industries beyond agriculture, construction and warehousing, FORT's CEO Samuel Reeves told 'This next period will be all about extending and enhancing our existing platform,' Reeves said. 'Building more comprehensive safety solutions that can continue to displace traditional machine control systems.' The company now has 550 customers, he said, and this additional funding will help increase its operations to support them. Hopeworks partners with Dell to increase AI education Dell Technologies donated equipment to tech workforce development org Hopeworks to launch AI Innovation Hubs at both its Camden and Philly campuses. Hopeworks declined to share the dollar amount of the donation. The hubs include Dell Pro Max workstations, which allows users to run large language models and store large amounts of data, according to Hopeworks CEO Dan Rhoton. The workstations will be infused into all aspects of Hopeworks training, including as a mock interview tool, lessons on how to use AI for productivity and integrating it into its work experience programs. The plan is to open up these AI hubs to other workforce organizations in the city, allowing more people to become familiar with the technology, he said. Dell's support also allowed Hopeworks to start an AI navigators program, where program participants will go out into the community and teach about AI. 'In an AI-powered world, our young adults aren't limited by knowing the right people or going to the right school or knowing how to write an email the right way,' Rhoton said. 'AI can eliminate a lot of those equity gaps.' Dispatch Bio launches with $216B after three years in stealth Biotech company Dispatch Bio emerged from stealth at the end of July, announcing it had raised $216 million since being founded in 2022. The company is developing a treatment for solid tumors, an antigen called Flare that identifies solid tumor cells and directs the body's immune system to those cells. Dispatch announced it closed a second installment of its Series A funding round, raising another $100 million. The company's original Series A closed in 2023 and raised over $100 million, Sabah Oney, CEO of Dispatch, told 'The financing will support Dispatch's growth, further expand its platform capabilities, and advance its first therapeutic candidate into clinical studies through … initial data readout,' Oney said. While the company has a presence in both Philly and San Francisco, 75% of the company's employees and its research and development facility are based in the Philly area, he said. More Money Moves: Global biopharma company AbbVie will acquire cell therapy company Capstan Therapeutics for $2.1 billion. A Penn spinout, Capstan's headquarters is in San Diego, but its research operations are in Philly. Social services organization SEAMAAC was selected to receive a $500,000 grant by Asian Americans Advancing Justice to support digital skills, AI literacy and job readiness training. Exton-based business communications company White Label Communications acquired Grupo NGN, an AI communications platform. Penn Spinout Carisma Therapeutics entered a merger agreement with OrthoCellix. This deal comes shortly after the company laid off most of its staff earlier this year. Statewide digital equity nonprofit KINBER received an ARPA Digital Connectivity Technology Program grant from the PA Broadband Development Authority to distribute 200 laptops to community partners across the state.
Malay Mail
07-08-2025
- Business
- Malay Mail
NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025
NineSmart and Uniforce Launch Integrated Smart Property and Security Solutions at Build4Asia 2025 HONG KONG SAR - Media OutReach Newswire - 7 August 2025 - NineSmart, a leader in property technology, and Uniforce, top security and facility service provider, together announced their partnership at Build4Asia 2025 exhibition held in July. Jointly showcased NineSmart's Smart Property and Uniforce's advanced high-definition CCTV and Carpack System, the display combines NineSmart's AI innovation platform with Uniforce's security expertise, providing a comprehensive integrated solution for modern property Property is part of the NineSmart Go! platform, utilizing IoT and AI technologies, integrating key functions into a mobile app and a single cloud platform. Its modular and AI-driven design offers efficiency, sustainability and enhanced user experience, simplifying property management for residential, commercial, and clubhouse Platform: Integrates access control, facility booking, video intercom, elevator access and visitor registration into one platform, allowing administrators to easily manage permissions and monitor equipment Design: Uses AI to analyze access patterns, monitor IoT devices and automate tasks such as drafting announcements, enhancing operational Access: Provides contactless access to properties, supporting dynamic QR codes, NFC, Octopus and facial recognition, allowing remote unlocking and creating visitor QR code via a mobile Building Upgrades: Cloud technology enables real-time data sync and offline operations, supporting integration with existing property systems, enabling seamless upgrades for old Facility booking supports popular e-payment methods and provides real-time notifications and smart intercom to enhance user experience for residents or integrates with security management platforms, supporting high-precision applications that complement NineSmart's property management platform, providing more efficient security and parking management for various CCTV: Leverages Korean IP and analogue technologies with Sony CCD and DSP for 1080p clarity. Metal dome cameras ensure reliable all-weather monitoring, equipped with motion detection and remote live viewing for residential and commercial Carpark Management: Based on Jieshun Smart Terminal Operating Platform (JAVA-based), features 99% all-weather license plate recognition (LPR) for Hong Kong, China and Macau plates, with Octopus card-based entry/ exit for unmanned Parking Operations: Supports dual-lane traffic with built-in fill lights, centralized billing with receipt printing for hourly/ monthly users, parking space allocation analytics, and e-payment integration via Octopus or mobile and Flexible Customization: Enables remote operation, maintenance and upgrades with proactive fault notifications. Offers offline LPR, dual-machine collaborative algorithms for complex environments like curves, and secondary SDK for third-party integration, ensuring adaptability across property CEO Lucas Mo stated, "We are pleased to partner with the renowned Uniforce, integrating next-gen technology, high-quality equipment and industry intelligence to extend the application of Smart Property. Our display garnered widespread attention at Build4Asia 2025, reflecting market demand for such solutions."Uniforce General Manager Man Kwok added, "NineSmart injects new technologies and vitality into us. The seamless integration of both systems provides property management and developers with a one-stop, efficient and comprehensive solution that meets market demand, saves labor costs, optimizes security and operational processes in the long run."Hashtag: #NineSmart #Uniforce #PropertyTechnology #SmartProperty #CarparkSystem #CCTV The issuer is solely responsible for the content of this announcement. NineSmart Limited An incubatee of Cyberport Incubation Programme for Smart Living Start-ups, focusing on IoT solutions and software development, allowing different devices to be centrally managed through a single platform, revolutionizing property management in residential, commercial, and clubhouse environments. Visit for more information. Uniforce Security Systems Limited Established in 1989, utilizing advanced electronic equipment and computer-controlled products, leveraging professional knowledge and service to provide property protection, personal safety and security management. Uniforce departments include administration, security consulting, business, engineering, maintenance, technical development, a 24-hour central alarm monitoring station, system design, product support and customer service. Visit for more information.
Forbes
27-05-2025
- Business
- Forbes
Behind Trump's Tariffs: A Hidden Opportunity For Clean Tech?
Car Import Tariff and Economic Recession getty Within months of each other, both Donald Trump and Ursula von der Leyen began their second terms as President of the United States and President of the European Commission, respectively. As they embark on new political chapters, their economic divergence is casting a long shadow over the future of clean tech. Under President Trump's renewed leadership, the U.S. has pivoted away from climate action, turning back to oil and gas. Meanwhile, nearly every link in the international supply chain is now tangled in tariffs, prompting swift retaliatory measures from Canada and China. Once-stable trade relationships are now marked by uncertainty and geopolitical tension. Still, the outlook for technology development remains bright. The global economy is growing more diversified, perhaps because, and not despite, different regions pursuing divergent approaches to prosperity. The U.S. is doubling down on access to critical minerals and spearheading AI innovation; the EU remains a beacon of climate leadership; China continues its trajectory of unprecedented levels of renewable buildout and manufacturing capacities; and emerging economies across Africa and South America are asserting their place in the global value chain. Despite rising tensions, each region is vying for leadership in the technologies that will define the next economic and industrial era – hinting that behind the tariffs, there may lie a hidden opportunity for clean tech to scale, compete, and thrive. The U.S. trade conflict reflects a high-risk strategy to reshape economic terms in the region's favor. While criticizing clean tech, the Trump Administration has actively championed investment in Artificial Intelligence. Silicon Valley Bank recently reported that 40% of U.S. venture capital in 2024 was directed toward AI, up from just 10% in 2021, a trend expected to continue, with Trump attracting massive AI investments from all over the world. Often dismissed in climate circles, AI actually holds massive potential for climate mitigation through efficiency gains across sectors. In this sense, attracting AI infrastructure investment can be seen as climate action in disguise. Similarly, Trump's negotiation with President Zelenskyy, while controversial, led to the U.S.-Ukraine Minerals Deal, a strategic win in diversifying upstream supply chains for technology components currently dominated by China. Despite the optics, this too is a climate-relevant outcome. However, such wins exist within a broader context of economic fragility. Quarry with mineral resources and flag of Ukraine getty Originally designed to protect nascent industries, tariffs without complementary tools such as innovation funding, workforce development, and infrastructure investment often do more harm than good. So, while it is true that the U.S., similar to the EU, is too dependent on imports, the same can be said for exports. For example, in 2024, China supplied 70 percent of all lithium-ion batteries consumed in the U.S. On the flipside, major U.S. states like Texas, California, New York, Illinois, Indiana, Louisiana, and Michigan each export over $30 billion annually to Chinese, Canadian, and EU markets. These states are now on the frontlines of potential reciprocal tariffs. Still, Trump's tariff strategy, albeit blunt, does have a goal: to reignite domestic industries like steel and auto manufacturing. But without a long-term plan for sustainable growth, the policy risks turning inward at a moment when global cooperation is essential. The contrast with Biden's approach is stark. The Inflation Reduction Act (IRA) showcased how policy can attract investors and manufacturers while being coupled with targeted tariffs and support mechanisms like the CHIPS Act. Between Q3 2022 and Q1 2025, a total of 380 clean technology manufacturing facilities were announced, nearly half of which were operational as of March 31 2025. This represents a five-fold increase in investments in clean manufacturing, from $2.5 billion in Q3 2022 to $14 billion in Q1 2025. Yet, due to the Trump Administration's funding freeze, combined with its approach to tariffs, a total of $6.9 billion of investments were cancelled – the highest value of quarterly cancellations on record. What's more, the new budget bill which passed the House of Representatives, could effectively halt the US clean energy manufacturing boom. The irony here should not be overlooked. Of the $289 billion invested in the clean tech manufacturing facilities, 77% went to Republican led districts. Thus, they have become the biggest beneficiaries of clean energy investment. And since President Trump is well known for being a dealmaker, renewable energy – with its falling costs and growing strategic importance – may well turn out to be the best deal on offer. While U.S. policy undergoes significant overhaul, the EU has spent decades preparing for a sustainable economic transition. That preparation has sometimes been a challenge for industry, but it has also laid solid groundwork. Decarbonization targets are binding. Renewable energy deployment is accelerating. Emissions are priced through the ETS. And carbon leakage is being addressed via the Carbon Border Adjustment Mechanism (CBAM). Now, the EU is aligning trade and climate goals, using tools like carbon pricing to create a level playing field without isolating itself. For U.S.-based investors and innovators navigating political unpredictability at home, Europe increasingly stands out as a stable, rules-based market with long-term industrial clarity. Europe's deliberative policymaking offers something rare in today's climate: predictability. Combined with a cooperative stance toward China, the U.S., and emerging blocs like Mercosur and the African Union, the EU remains a pragmatic and reliable partner. At the same time, behind the smokescreen of U.S. tariffs and retaliatory measures lies an unexpected upside. In the race to reshape supply chains, secure resources, and dominate future-defining technologies, climate progress may emerge not despite geopolitical tensions, but because of them. If the moment is seized, today's fragmentation could catalyze a more resilient, decentralized clean tech economy. One built not on ideology, but on common interests, cooperation, and global interdependence.
Associated Press
05-04-2025
- Business
- Associated Press
NAB Show 2025 Opens Tomorrow - Set to Define the Future of Content and Entertainment
NAB Show 2025 kicks off on Saturday, April 5 with exhibits opening April 6, showcasing innovation that will define the content and entertainment landscape and shape the future of storytelling. From AI-driven tools to the creator economy, sports, cloud virtualization, and streaming/OTT, the show floor and conference program will highlight the technologies driving innovation across industries. As the world's largest gathering of media, technology, and entertainment professionals, NAB Show 2025 runs April 5 - 9 at the Las Vegas Convention Center and expects more than 60,000 registered attendees. 'The future of content and entertainment will take center stage at NAB Show 2025 – redefining how content is created, distributed, and consumed around the world,' said Karen Chupka, EVP of Global Connections and Events, NAB. 'This show has been successfully reimagined as a home for content creators of all types - from social media to television to the big screen and it delivers on that promise by showcasing cutting-edge innovation that will further evolve the art of storytelling across all mediums.' Show Floor and Exhibits The NAB Show exhibit floor will feature nearly 1,100 companies, including 125 first-time exhibitors. Notable brands include Adobe, AWS, AT&T Business, Blackmagic, Canon, Cisco, Dell Technologies, Fujifilm, Intel, Microsoft, Nikon, Quantum Corporation, Riedel, Sony, and Verizon Business. Emerging tech and startups will be front and center with new exhibit areas including: Startup Stage in Propel ME: In partnership with this area will showcase 22 early-stage startups, with 80% of the companies showing AI technologies. AI Innovation Pavilion: Featuring cutting-edge AI solutions, this premier destination is where industry leaders and decision-makers will connect, explore innovations, and network. Premiere Park: This dedicated area will feature first-time exhibitors spotlighting new technologies and services. Sports Business Hub: Featuring the latest tools and tech for audience engagement and monetizing the fan experience. Conference Program and Speakers NAB Show conference program will feature 550 sessions highlighting the latest trends in business, creativity, production, and technology. New session tracks include: Business of Entertainment: Produced in partnership with The Ankler, this two-day track will bring together Hollywood's top dealmakers and key thought leaders who are driving change and adopting future-focused strategies and solutions. Topics include media dealmaking, content bundles, new advertising models, the state of production, the intersection of Hollywood and the creator economy, and emerging consumer and audience trends. : This three-day event will explore the rapidly growing intersection of sports, media, and technology with key players including AWS, IMAX, NFL, and Microsoft. Thought leaders will explore opportunities to expand the fan experience and unlock new revenue streams. Over 1,000 industry leaders will speak across more than 20 stages, and feature trailblazers who are capitalizing on new ways audiences consume content including: Dhar Mann and Sean Atkins from Dhar Mann Studios – Dhar Mann was named Forbes' second top creator in 2024 with an estimated 24 million YouTube followers and 120 million across various platforms. Nick Khan, President & CEO and Paul 'Triple H' Levesque, Chief Content Officer, WWE – recently signed a 10-year, $5 billion deal to bring RAW to Netflix. Gotham Chopra – co-founder ROS (Religion of Sports). ROS is a full-service studio creating high-performance content including series like Simone Biles Rising; In the Arena: Serena Williams; and Kobe Bryant's Muse. Bobby Carter, host and producer of NPR's Tiny Desk Concerts Jody Gerson, Chairman and CEO of Universal Music Publishing Group Portia Archer, CEO, Women's Tennis Association Tracey Perlman, SVP Player Operations, NFL Jason McCourty, Super Bowl Champion, NFL Game Analyst, CBC Tracy Dyson, Astronaut, NASA Kevin Mayer and Tom Staggs, co-founders and co-CEOs, Candle Media Steven A. Smith, Television Host, ESPN Show Floor Experiences NAB Show 2025 will also showcase interactive, immersive experiences, including: Creator Lab: The ultimate destination for influencers, content creators, and digital storytellers looking to elevate their craft, grow their brands, and explore the latest tools shaping the creator economy. AWS Racing Simulator: Test your driving skills, generate real time data, and experience the latest immersive entertainment content. Building the Future of Content and Entertainment NAB Show 2025 is projected to continue its year-over-year attendance growth and exceed over 60,000 registrations with attendees from 160 countries including 44 organized delegations - gathering to become part of the global content and entertainment landscape, where deals are made, and partnerships are forged. The show is attracting the next generation of storytellers with 50% of registrants attending NAB Show 2025 for the first time. Each year nearly $17 billion in business is generated through the connections made at NAB Show. About NAB The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at About NAB Show NAB Show is the preeminent conference and exhibition driving the evolution of broadcast, media and entertainment, held April 5-9, 2025 (Exhibits April 6-9) in Las Vegas. Produced by the National Association of Broadcasters, NAB Show is the ultimate marketplace for next-generation technology inspiring superior audio and video experiences. From creation to consumption, across multiple platforms, NAB Show is where global visionaries convene to bring content to life in new and exciting ways. Learn more at SOURCE: National Association of Broadcasters Copyright Business Wire 2025. PUB: 04/04/2025 09:31 PM/DISC: 04/04/2025 09:32 PM
Zawya
05-02-2025
- Business
- Zawya
Redington takes center stage at AI Everything Global 2025
Dubai, United Arab Emirates – Redington, the leading technology aggregator and innovation powerhouse, is participating at Ai Everything Global 2025, the premier global event dedicated to artificial intelligence, scheduled for February 4th in Abu Dhabi and 5th to 6th in Dubai. Focused on synergizing the tech ecosystem, Redington will showcase its commitment to accelerating AI adoption, empowering businesses to harness the full potential of intelligent technologies and fostering a culture of continuous innovation. Redington MEA is at the forefront of connecting businesses with cutting-edge technologies that accelerate growth and foster innovation. Ai Everything Global 2025 provides the ideal platform for Redington to engage with industry leaders, showcase its portfolio of AI solutions, and explore the transformative potential of artificial intelligence in shaping the future. With a focus on collaboration, learning, and growth, Redington is set to demonstrate its commitment to creating a unified AI ecosystem and bridging gaps in AI adoption across industries. Viswanath Pallasena, CEO of Redington MEA, said, 'At Redington, we believe that AI will be the foundation of the future, and our mission is to help businesses harness its power effectively. Ai Everything Global provides a remarkable opportunity to showcase how we are accelerating intelligent solutions and driving innovation through our partnerships with global technology leaders. Together, we are shaping the future of AI adoption in the region and beyond.' Redington is participating at the event together with its key technology partners – AWS, Dell Technologies, Huawei, and its ISV partner Potential to demonstrate innovative AI solutions and their applications across various industries. Redington is leveraging the power of AI to enhance internal efficiencies as well as to significantly improve the interventions provided to its customers and partners. Redington has put the 'adoption of AI' high on its agenda and is being pursued at every level starting from the management to right up to the sales organization and even to specific functions like HR, Credit and Finance. Visitors to Redington's booth at the Dubai Exhibition Centre on 5th and 6th February will experience live demonstrations of cutting-edge AI solutions, connect with industry experts, and explore groundbreaking technologies designed to address real-world business challenges. Through AI Innovation Pods, attendees can gain insights into Redington's approach to AI adoption, including bridging gaps in AI implementation, enabling a unified AI ecosystem, and accelerating intelligent solutions for businesses. The Redington team will be available for in-depth discussions on tailored AI strategies. By participating in Ai Everything 2025, Redington aims to emphasize the importance of collaboration and its role in driving AI innovation, fostering growth, and redefining the future of technology. 'The rapid advancement of AI technologies has led all principles to focus on AI-driven outcomes for their end customers. From AI-ready endpoints to AI-infused infrastructure, and all the way to AI-driven software, AI has become the epicenter of all innovations. Redington plays a key role in synergizing the AI advancements of all the brands it caters to. Every possibility to enhance the customer and partner experience through new and unique adoption of AI is being looked at,' said Dharshana Kosgalage, Executive Vice President, Technology Solutions Group, Redington MEA. He added, 'Ai Everything Global is a one-of-a-kind platform that brings people together to spark meaningful discussions about the future of AI. By highlighting our innovative portfolio of leading global brands and collaborating closely with our partners, we're helping businesses access the tools and strategies they need to succeed in the rapidly changing AI landscape. We are also empowering our channel partners by providing them with resources, support, and insights to drive success, ensuring they can maximize the potential of AI in their own operations and offerings to customers." "AI is revolutionizing industries, driving efficiency, and unlocking unprecedented opportunities. At Redington, we are dedicated to making AI adoption seamless by connecting businesses with cutting-edge solutions that deliver real impact. By working closely with global hyperscalers, we empower enterprises to scale AI-driven innovation with agility and efficiency. AI Everything Global 2025 is the perfect stage to collaborate, explore innovations, and shape the future of AI-driven enterprises," said Nehal Sharma, Vice President, Cloud Solutions Group, Redington MEA. Redington MEA's participation underscores its unwavering commitment to redefining possibilities in AI and fostering innovation across the MEA region. As the company takes center stage at Ai Everything Global 2025, it invites businesses, innovators, and visionaries to join in shaping the future of AI-driven transformation. Visit Redington's booth in (H3, B25) at the Dubai Exhibition Centre to experience how AI-driven synergy and collaboration are shaping the future of technology, accelerating innovation, and transforming industries. About Redington Redington is a thriving technology solutions provider valued at over US$10 billion, with a network of 450+ international brands across 40 markets in the IT space. Redington was ranked 7th globally by renowned research firm Canalys based on 2023 revenues. It is projected to be one of the fastest-growing distributors in the world. Redington not only bridges the gap between innovation and adoption; it masterfully navigates and dissolves the complexities of technology friction—the multifaceted challenges that emerge as technology evolves and integrates into various markets. Addressing key market, technology, and knowledge frictions, Redington empowers businesses to thrive in complex and evolving landscapes. By transforming these frictions into opportunities, we drive profound technological impact and accessibility. Redington ensures seamless distribution across IT/ITeS, Telecom, Lifestyle, and Solar sectors in regions including India, South East Asia, the Middle East, Africa, and Turkey. Redington Media Contact: Janees Reghelini Senior Communications and Media Manager Redington MEA Email:
