Latest news with #CAI
Cision Canada
4 days ago
- Business
- Cision Canada
CIBC wins The Digital Banker's Best Gen-AI Initiative award for second year in a row Français
In-house AI platform recognized for its ability to deliver scalable solutions TORONTO, Aug. 7, 2025 /CNW/ - CIBC announced today that its internal AI platform, CAI (CIBC AI), has been named the Best Gen-AI Initiative by The Digital Banker, recognizing the bank's innovative use of generative AI to enhance productivity while delivering best-in-class client experience. The Digital Banker assesses organizations on innovation, client experience, financial and market performance, and corporate strategy. The organization commended CAI for its ability to deliver scalable solutions and have a measurable impact on global banking. "CAI reflects our bank's commitment to staying at the forefront of technology," said Dave Gillespie, Executive Vice-President, Infrastructure, Architecture and Modernization, CIBC. "This recognition underscores CIBC's commitment to leveraging AI thoughtfully and effectively, enhancing our ability to meet client needs while supporting our teams in delivering on our client-focused strategy." Launched across the bank in May, CAI empowers team members to automate common tasks like summarizing documents, drafting emails, and compiling research. By integrating advanced tools such as automated content generation, customizable templates, and enhanced search functionalities into the platform, CAI is transforming the way team members work, saving an estimated 600,000 hours since its launch. Additionally, CAI is serving as a platform and engine for a variety of tailored CIBC specific AI solutions, enabling workflows and business solutions specifically customized for CIBC. The Digital Banker Awards recognize excellence in customer experience across the financial services landscape and strive to provide unbiased and objective benchmarks for the global industry, highlighting financial service providers that deliver a superior and consistent customer experience. This recognition marks the second consecutive year that CIBC has won the Best Gen-AI Initiative technology award from The Digital Banker. The bank was recognized in 2024 for its transformational work on its Knowledge Central Generative AI pilot. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at
Yahoo
31-07-2025
- Climate
- Yahoo
Rockfall prompts evacuation from popular hiking trails in Italian Dolomites
Hikers have been evacuated from the Italian Dolomites after multiple rockfalls, causing the immediate closure of popular routes and trails. The rockfalls occurred over the weekend on western and eastern sides of the Cima Falkner mountain. The entire summit was affected by 'morphogenetic phenomenon', or erosion and weathering, according to a statement by Trento council. Cima Falkner is undergoing permafrost degradation, which is the thawing of ground that has been frozen for a long period of time, causing rocks to tumble from the summit. An inspection by local authorities found that the mountain is subject to an ongoing landslide with the potential for the situation to worsen. Investigators found that the largest detachment happened during the night between Saturday 26 July and Sunday 27 July. On Wednesday 30 July, the local council said that small collapses were continuing on the summit of the mountain, which they described as 'opening like a flower.' Mountain routes 305, 315, 316 and 331 were closed while experts assessed their safety. The mayors of Tre Ville and Ville d'Anaunia also issued emergency ordinances on Monday to prohibit access to the trails starting from the Grostè Pass. Trails 315 and 316 have since reopened after authorities concluded continuing rockfalls would not directly affect these routes. These trails are the two most popular for walkers in the area. Route 316 leads to the Tuckett Refuge, which sits at the foot of the Castelletto Inferiore: one of the most famous peaks in the Brenta Dolomites. The Trento Fire Brigade are using drones to assess the erosion of the mountain, finding wide cracks on the rock surface. 'The fractures, previously filled with ice, are now partially empty, indicating a change in the morphology of Cima Falkner,' the council said. 'This evolution is also linked to the degradation of permafrost, an element that at high altitudes plays an important role as a 'glue' for the rock mass.' Italian scientists have warned that extreme heat, caused by the changing climate, is melting the vital frost. 'Mountains, by definition, are destined to collapse – they won't remain as we know them for ever. What's different now is that we're seeing a clear acceleration of these processes, driven by heat and extreme weather events intensified by the climate crisis,' Piero Carlesi, president of the scientific committee of the Italian Alpine Club (CAI), told La Repubblica. He added: 'Never before have we seen such an incredible increase in rockfall.' The council added that the total unstable mass on the summit could potentially be around 70,000 cubic metres, although the collapse of the entire slope is not expected. Around 36,000 cubic metres fell over the weekend. The rockfalls come after concerns over a surge in injuries and deaths in the Italian mountains, as the number of visitors surge in the region this year. So far in 2025, more than 80 hikers have died on the Italian Alps and Dolomites, Italian Alpine Rescue told The Telegraph, with many slipping or falling to their deaths on steep paths. Meanwhile, the walking trails have become so overcrowded that farmers have instigated visitor levies at some popular the daily Crossword
Irish Examiner
30-07-2025
- Climate
- Irish Examiner
Hundreds evacuated after series of rockfalls in Italy's Brenta Dolomites
Hundreds of hikers and tourists were evacuated and dozens of trails closed after a series of rockfalls on the slopes of Cima Falkner in the Brenta Dolomites in the north of Italy, as experts warned of a sharp rise in landslides in the area linked to thawing permafrost. In recent days, visitors reported hearing loud booms followed by rockfalls and thick clouds of dust rising from Monte Pelmo in the Val di Zoldo after rocky pinnacles broke away and crashed down into the valley below in the municipality of Selva di Cadore in Italy's Belluno province. Another collapse was recorded on Cima Falkner, where experts say the entire area is undergoing a process of erosion linked to rising temperatures and the wider climate emergency. No one was injured and the falling debris came to a stop higher up the mountain. 'Multiple rockfalls have occurred on both the western and eastern slopes of Cima Falkner in the Brenta Group,' read a statement by authorities in the region of Trentino-Alto Adige. 'As a result, all climbing routes and hiking trails directly affected by the area have been immediately closed. 'All hikers in the area have been evacuated. We urge everyone to pay maximum attention and strictly follow the ordinances to ensure their own safety.' Following reports of rockfalls, a technical inspection was conducted on Tuesday by the geological service with the support of a helicopter unit, which confirmed that 'the entire summit is affected by an ongoing geomorphological process, likely linked to permafrost degradation'. Rockfalls have always occurred in the Dolomites, but experts this year warned of a striking rise in the number of collapses, driven by extreme heat and weather events intensified by the climate crisis. 'Never before have we seen such an incredible increase in rockfalls,' Piero Carlesi, president of the scientific committee of the Italian Alpine Club (CAI), told la Repubblica. 'Landslides are on the rise, and the main cause is the climate crisis. There's no doubt about it.' He added: 'Mountains, by definition, are destined to collapse – they won't remain as we know them for ever. What's different now is that we're seeing a clear acceleration of these processes, driven by heat and extreme weather events intensified by the climate crisis.' Cold temperatures, causing water seeping into rock fractures to freeze, acted as a kind of glue, holding the rocks together. But now, Carlesi said, with rising temperatures, that glue was disappearing and fractured rock was increasingly breaking off and tumbling down gullies. 'It's happening more and more often,' he said. Last year, Italian scientists who took part in a campaign launched by the environmentalist group Legambiente said the Marmolada glacier — the largest and most symbolic in the Dolomites — could melt completely by 2040. Their report said Marmolada was losing between 7cm and 10cm of depth a day and that over the past five years, 70 hectares (173 acres) of its surface had disappeared. Since the beginning of scientific measurements in 1888, the Marmolada glacier has withdrawn by 1,200 metres in an 'irreversible coma'. In 2022, a collapse on the Marmolada mountain sent an avalanche of ice, snow and rock downslope and killed 11 people. Erosion and rockfalls are on the rise not only in the Dolomites but across the entire Alpine range, according to mountaineers and experts. In late June 2025, Mont Blanc experienced a record-breaking heatwave with temperatures remaining above zero for an extended period at high altitudes, including the summit. Bernard Vion, a 66-year-old mountain guide, has been walking and climbing in the French Alps around Pralognan-la-Vanoise since he was a child and accompanies visitors on climbs. He said rockfalls and other dangers caused by climate change had complicated work for him and his colleagues. 'We have never seen rock falls of such intensity and regularity before. The permafrost, which is like a kind of cement holding the rocks together, is melting, meaning they have no cohesion and they collapse,' he said. Vion opened his phone to show a message from another guide with pictures of a large rockfall near a mountain refuge at about 2,800 metres above Pralognan-la-Vanoise on Monday. 'He was really shocked. He said he never expected it to happen there,' Vion said. 'For several years now we have had to develop the ability to observe these phenomenon and spot the warning signs. In some cases we've had to totally modify our itineraries to reduce the risk to our clients. Even for us guides this is difficult and I worry about amateur climbers who don't have the same mountain culture.' He said 'of course' this was due to climate breakdown. 'You'd have to be blind not to see it. Anyone who doubts this should come to the mountains.' — The Guardian
Muscat Daily
16-07-2025
- Business
- Muscat Daily
Oman Airports, Changi Airports sign pact to boost revenues
By OUR CORRESPONDENT Muscat – Oman Airports signed an agreement with Singapore's Changi Airports International (CAI) on Wednesday to enhance commercial and aviation revenues across Oman's airports. The agreement marks the beginning of a strategic cooperation aimed at sharing expertise and developing key projects to improve the commercial and entertainment experience for travellers and visitors. CAI will offer solutions to boost non-aeronautical revenues through initiatives such as land leasing and development of themed activity zones for both residents and visitors. The agreement was signed by Ahmed bin Saeed al Amri, CEO of Oman Airports, and Eugene Gan, CEO of CAI. The signing ceremony was attended by H E Saeed bin Hamood al Mawali, Minister of Transport, Communications and Information Technology and Chairman of Oman Airports' Board of Directors. Amri said Oman Airports is pursuing strategies to improve operating revenues by reducing costs, introducing new commercial opportunities and enhancing airport performance. Gan stated that CAI will work closely with Oman Airports to design integrated business solutions aimed at boosting the sector's commercial output. He highlighted Oman's position between East and West, and the potential of its modern airports to support growth in both operational and non-operational revenue streams. Earlier this month, Oman Airports signed a memorandum of understanding with Malaysian firm WCT Berhad to explore development and investment opportunities around Muscat International Airport. The partnership includes designing a master plan for optimising land use in the airport's vicinity.
Yahoo
15-07-2025
- Business
- Yahoo
CAI Earns Top Score on 2025 Disability Index
Global services firm maintains highest score for fifth consecutive year ALLENTOWN, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- CAI, a global services firm, today announced it earned the top score of 100 on the 2025 Disability Index® with the distinction of 'Best Place to Work for Disability Inclusion' for the fifth consecutive year. The index is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Now trusted by over 70% of the Fortune 100 and nearly half of the Fortune 500, the tool helps companies determine data-driven actions that can achieve tangible business impact. "At CAI, our people are our greatest asset. We value and celebrate diverse perspectives, fostering an inclusive culture that drives innovation and excellence. We prioritize merit, performance, and experience, ensuring every team member is recognized and rewarded for their contributions,' said Tom Salvaggio, president and CEO at CAI. 'By providing accessible growth opportunities and focusing on strengths and achievements, we create a dynamic workplace where everyone can thrive and make a meaningful impact.' "As we release this year's Disability Index report, we celebrate the continued progress made by businesses around the world,' said Jill Houghton, president and CEO at Disability:IN. 'Today, hundreds of the world's leading companies are using this tool to benchmark and drive their disability inclusion efforts. Together, we are creating a global economy accelerated by disability inclusion." In 2026, the index will evolve into a universal benchmark, enabling companies around the world to measure and address opportunities, as well as progress, in workplace culture, recruitment, infrastructure and more. The updated name supports these goals by promoting broader recognition and applicability across disparate regions and industries. To learn more about CAI's culture, visit To learn more about CAI Neurodiverse Solutions, visit To browse open jobs at CAI, visit About CAI CAI is a global services firm with over 9,000 associates worldwide and a yearly revenue of $1.3 billion+. We have over 40 years of excellence in uniting talent and technology to power the possible for our clients, colleagues, and communities. As a privately held company, we have the freedom and focus to do what's right—whatever it takes. Our tailor-made solutions create lasting results across the public and commercial sectors, and we are trailblazers in bringing neurodiversity to the enterprise. Learn how CAI powers the possible at Disability:IN Disability:IN is the leading nonprofit resource for business disability inclusion worldwide. With the world's leading companies as partners, Disability:IN drives progress through initiatives, tools, and expertise that deliver long-term business impact. Are You IN? Contact:Madison OlerSr. PR & Communications in to access your portfolio
