Latest news with #JohnOverton
Business Wire
06-05-2025
- Business
- Business Wire
CORRECTING and REPLACING Datavault AI and Kove Unveil Secure Data Monetization Solution at IBM Think 2025
BEAVERTON, Ore.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: DATAVAULT AI AND KOVE UNVEIL SECURE DATA MONETIZATION SOLUTION AT IBM THINK 2025 AI-Powered Productivity and Monetization Could Add $5.7 Billion to S&P 500 Net Income by 2025 Datavault AI Inc. (NASDAQ: DVLT), a leader in AI-driven data valuation and monetization, today announced a collaboration with Kove IO, Inc., a high-performance computing innovator, to launch a secure, tokenized data vending solution. The platform, integrating Kove:SDM™ software-defined memory with Datavault's Data Vault®, debuts at IBM Think 2025 in Boston, targeting enterprises eager to unlock revenue from underutilized data. Morgan Stanley estimates that AI-driven productivity and monetization strategies could add $5.7 billion to S&P 500 net income by 2025, with platforms like Datavault AI enabling companies to capitalize on this opportunity. The solution, showcased at IBM's Partner Plus Pavilion alongside Adobe, Salesforce, and AWS, offers finance, biotech, and defense leaders a way to transform data into a financial asset. 'Our collaboration with Kove bridges the gap between data and dollars,' said Nathaniel Bradley, CEO of Datavault AI. 'Enterprises have long struggled to monetize data while meeting strict compliance standards. Our platform, enhanced by Kove's memory technology, delivers real-time, encrypted data transactions without moving raw data—unlocking new revenue streams.' The solution leverages Datavault's AI stack: DataScore® for asset appraisal, DataValue® for real-time pricing, and Data Vault Bank® for tokenized transactions via the patented Information Data Exchange®, now enhanced with NYIAX-Nasdaq financial frameworks. Kove:SDM™, eliminates computing bottlenecks, ensuring secure, on-premises data vending. Compatible with Snowflake, and Databricks, the Datavault platform integrates seamlessly into existing infrastructure. 'With Kove:SDM™, Datavault gets exactly the memory it needs, on demand—large job or small—even when the requirements exceed what a physical server on‑site can do,' said John Overton, CEO of Kove. 'By achieving maximum performance, Datavault reduces their costs while providing real‑time flexibility—at a level that was unattainable before Kove:SDM™ software‑defined memory.' The platform supports smart contracts for encrypted data sales, reducing cyber risks by avoiding traditional warehousing. This efficiency positions enterprises to capture a share of the $700 billion data monetization market i, projected to grow significantly by 2030. Datavault AI's recently announced $40 million to $50 million 2026 revenue target underscore its momentum. As AI reshapes financial reporting and compliance, Datavault AI and Kove offer a blueprint for enterprises to turn data into a competitive edge. 'IBM Think 2025 is the perfect stage to showcase this transformation,' Bradley added. 'We're ready to help S&P 500 firms and beyond realize their data's full potential.' About Datavault AI Inc. Datavault AI (NASDAQ: DVLT) pioneers AI-driven data monetization in the Web 3.0 era. Its cloud-based platform, featuring DataScore®, DataValue®, and Data Vault Bank®, serves industries like fintech, healthcare, and entertainment. Headquartered in Beaverton, Ore., Datavault AI drives responsible AI innovation. Learn more at About Kove Founded in 2003, Kove has a long history of solving technology's most vexing problems, from launching high-speed back-ups for large databases to setting sustained storage speed records. Most recently, after years of development, testing and validation, Kove launched the world's first patented and mature software-defined memory solution — Kove:SDM™. Kove:SDM™ enables enterprises and their leaders to achieve more by maximizing the performance of their people and infrastructure. Kove's team of passionate software engineers and technologists understands the importance of access to high performance computing technology and has worked with clients across a variety of industry verticals from financial services and life sciences to energy and defense. Kove is committed to delivering the products and personalized service that enable every enterprise to reach their full potential. To learn more, visit For more information about IBM Think 2025 visit here. Forward Looking Statements Disclaimer This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as 'expect,' 'will,' 'anticipates,' 'estimates' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the senior notes issuance described above, and the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
Business Wire
05-05-2025
- Business
- Business Wire
Datavault AI and Kove Unveil Secure Data Monetization Solution at IBM Think 2025
BEAVERTON, Ore.--(BUSINESS WIRE)--Datavault AI Inc. (NASDAQ: DVLT), a leader in AI-driven data valuation and monetization, today announced a partnership with Kove, a high-performance computing innovator, to launch a secure, tokenized data vending solution. The platform, integrating Kove's SDM™ Memory Tower 39i with Datavault's Data Vault®, debuts at IBM Think 2025 in Boston, targeting enterprises eager to unlock revenue from underutilized data. Morgan Stanley estimates that AI-driven productivity and monetization strategies could add $5.7 billion to S&P 500 net income by 2025, with platforms like Datavault AI enabling companies to capitalize on this opportunity. The solution, showcased at IBM's Partner Plus Pavilion alongside Adobe, Salesforce, and AWS, offers finance, biotech, and defense leaders a compliant way to transform data into a financial asset. 'Our partnership with Kove bridges the gap between data and dollars,' said Nathaniel Bradley, CEO of Datavault AI. 'Enterprises have long struggled to monetize data while meeting strict compliance standards. Our platform, enhanced by Kove's memory technology, delivers real-time, encrypted data transactions without moving raw data—unlocking new revenue streams.' The solution leverages Datavault's AI stack: DataScore® for asset appraisal, DataValue® for real-time pricing, and Data Vault Bank® for tokenized transactions via the patented Information Data Exchange®, now enhanced with NYIAX-Nasdaq financial frameworks. Kove's SDM™ Memory Tower 39i eliminates computing bottlenecks, ensuring secure, on-premises data vending. Compatible with Microsoft Azure, Snowflake, and Databricks, the platform integrates seamlessly into existing infrastructure. 'With the Kove:SDM™ Memory Tower 39i, Datavault gets exactly the memory it needs, on demand—large job or small—even when the requirements exceed what a physical server on‑site can do,' said John Overton, CEO of Kove. 'By achieving maximum performance, Datavault reduces their costs while providing real‑time flexibility—at a level that was unattainable before Kove:SDM™ software‑defined memory.' The platform supports smart contracts for encrypted data sales, reducing cyber risks by avoiding traditional warehousing. This efficiency positions enterprises to capture a share of the $700 billion data monetization market i, projected to grow significantly by 2030. Datavault AI's recently announced $40 million to $50 million 2026 revenue target underscore its momentum. As AI reshapes financial reporting and compliance, Datavault AI and Kove offer a blueprint for enterprises to turn data into a competitive edge. 'IBM Think 2025 is the perfect stage to showcase this transformation,' Bradley added. 'We're ready to help S&P 500 firms and beyond realize their data's full potential.' A brief video about Datavault AI and a summary of today's announcement can be found here. About Datavault AI Inc. Datavault AI (NASDAQ: DVLT) pioneers AI-driven data monetization in the Web 3.0 era. Its cloud-based platform, featuring DataScore®, DataValue®, and Data Vault Bank®, serves industries like fintech, healthcare, and entertainment. Headquartered in Beaverton, Ore., Datavault AI drives responsible AI innovation. Learn more at About Kove Founded in 2003, Kove has a long history of solving technology's most vexing problems, from launching high-speed back-ups for large databases to setting sustained storage speed records. Most recently, after years of development, testing and validation, Kove launched the world's first patented and mature software-defined memory solution — Kove:SDM™. Kove:SDM™ enables enterprises and their leaders to achieve more by maximizing the performance of their people and infrastructure. Kove's team of passionate software engineers and technologists understands the importance of access to high performance computing technology and has worked with clients across a variety of industry verticals from financial services and life sciences to energy and defense. Kove is committed to delivering the products and personalized service that enable every enterprise to reach their full potential. To learn more, visit For more information about IBM Think 2025 visit here. Forward Looking Statements Disclaimer This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as 'expect,' 'will,' 'anticipates,' 'estimates' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the senior notes issuance described above, and the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
Yahoo
27-03-2025
- Automotive
- Yahoo
Meridian coughed up millions and waited years. It's finally getting this I-84 overpass
The Ada County Highway District's long-touted plans for an overpass extending Linder Road over Interstate-84 in Meridian are moving forward. On Monday, ACHD commenced construction on the first phase of the overpass, which has been a twinkle in the highway district's eye for at least 19 years, one City Council member in Meridian estimates. 'It's been a long road,' Council Member John Overton told the Idaho Statesman in a phone interview. Overton said he remembers the project on an ACHD work plan dating back almost two decades. With a boon from the city to the tune of $2.5 million, plus $4.3 million granted to the city by the Idaho Transportation Department and funneled toward the project, the overpass is finally in sight. When completed, the overpass will connect the two segments of Linder Road north and south over I-84 on a bridge that includes two lanes of traffic — plus bike and pedestrian lanes — in each direction. Plans for the overpass also include improvements on Linder from Franklin Road to Overland Road, including road widening and intersection improvements. The project, which is estimated to cost $28 million, will be completed in two phases, according to Reid Selmer, the ACHD project manager overseeing it. The first phase focuses on improvements to the Overland-and-Linder intersection south of the interstate. These include sidewalks, bulb-outs, bike ramps and a multi-use pathway, as well an additional traffic signal. Linder would then be extended from the intersection north to the interstate. 'With that, we're not actually doing or starting the overpass with this phase,' Selmer told the Statesman in a phone interview. 'This phase is basically prepping this southern portion of the whole Linder — Franklin to Overland — project, so that when Phase 2 begins, it'll be ready to receive the the bridge once it gets constructed.' Selmer said construction of the first phase is anticipated to be completed by September 2025 and to cost about $3.3 million. Phase 1 construction will be carried out by Idaho Materials and Construction, a Treasure Valley based company owned by Irish corporation CRH, Selmer said. Phase 2 — with a much higher price tag of roughly $24 million — would involve widening Linder from I-84 north to Franklin, plus constructing the overpass itself. Selmer said that as Phase 1 is being constructed, ACHD is working to gain the necessary right-of-ways for Phase 2. He anticipates Phase 2 construction to begin in summer 2026 and to take about a year. The Idaho Transportation Department will be in charge of maintaining the bridge once it's completed. 'ITD is gonna be involved, is gonna sign off, is gonna expect, so that when construction is done, they will say, 'OK, we will take this, we will own this,'' Selmer said. Meridian Mayor Robert Simison and other city officials are championing the overpass project — and they have good reason to. In his 2021 state of the city address, Simison described the overpass as the city's 'No. 1 road priority.' In April of that year, the City Council approved $2.5 million from the city's general fund to go toward the project's design. Selmer told the Statesman the project's design — which began in 2022 — was almost entirely funded by the city of Meridian through that initial contribution. City spokesperson Trevor Smith said by email that $1.6 million of that allocation has been spent so far. Then in 2023, the city was awarded $4.3 million through an ITD strategic initiatives grant, which it then transferred to ACHD for spending on the project as well, Smith said, bringing the city's total contribution to the overpass to $6.8 million. Selmer estimates the roughly $24 million cost of the second phase breaks down to about $16.5 million for Linder Road widening and improvements, plus about $7.5 million for the overpass itself. Selmer said the overpass cost is expected to be covered by ITD. 'We're still working with them to acquire those funds, but everything looks to be moving in a positive direction on that front, to acquire funding for the rest of this project, with both city of Meridian and ITD helping out,' Selmer said. The $28 million cost of construction, $2.5 million in design, plus roughly $6 million in Phase 2 right-of-ways, bring the project's total price tag to over $36 million. Meridian officials seem confident that the money is being well-spent. 'One of the things that I have heard so much from our community is more efforts to connect ourselves,' City Council President Luke Cavener told the Statesman in a phone interview. 'Both in terms of making sure that we've got adequate emergency responders and parks and retail in South Meridian, but also making it easier ... for North Meridian residents to get to the south side as well.' Cavener said that when the overpass is completed, residents in South Meridian and Kuna would have another option for traveling north besides Ten Mile and Meridian roads. 'That's moving traffic that would otherwise be on Ten Mile or Meridian Road onto Linder and make it easier for people to get to and from with less congestion, which I think we can all appreciate right now.' Overton, who served as a Meridian police officer and has made traffic and road safety a focus of his time on the City Council, said that the overpass would act as a 'pressure valve' and have 'regional' impacts. 'We're that center spoke on a wheel, and everybody from all the other cities drives through our city, in one way or another,' Overton said. 'The city that's going to get the most relief is going to be Kuna. Meridian residents to the south are going to get a lot of relief, and quite a few residents to the north are going to get relief.' Overton said he looks to the Locust Grove overpass, which provided similar relief when it opened in 2007. Traffic counts on the overpass were higher than people expected at the time, he recalled, easing congestion on nearby interchanges. 'I think we're going to see the same thing with Linder,' he said. Both council members acknowledged that the project has taken a while to get off the ground. 'This has been a project a long time in the making,' Cavener said. Cavener emphasized that the city and ACHD worked closely with residents near Linder Road in the design of the project. 'I know there are people that live over there that have been used to having a dead-end road on Linder as long as they've been alive, and we know that that change is going to have an impact,' Cavener said. 'I represent that area, and so I've heard from residents (who) are like, 'Luke, we get that you're excited about the Linder Road overpass, but I'm not. I like my quiet street, and I'm worried about what that traffic is going to do.'' Cavener said the city held neighborhood meetings, and ACHD, ITD and the city 'have taken a lot of that residential feedback into account.' For example, Cavener said the overpass design included a sound barrier on the east side of Linder as a result of feedback from neighbors. Selmer also noted that ACHD is trying to be 'proactive' in terms of preventing people from attempting to cut through residential neighborhoods near the project during construction. 'We're trying to accommodate them with things like speed bumps or temporary stop signs, or things like that, just to lessen that impact of cars thinking they could take a shortcut instead of following our detour routes,' Selmer said. During Phase 1 construction, ACHD anticipates the following impacts to the Linder Road and Overland Road intersection, according to its website (and quoted verbatim here): Lane Restrictions: Both roads may have a reduced number of travel lanes occasionally, but flaggers will be present. Intersection closures: The intersection may be temporarily closed at times to safely facilitate construction and/or utility work. Pedestrians and Bike Route Detours: Detours will be in place to keep pedestrians and bicyclists moving safely. Construction Activity: Expect general construction noise, including equipment backup alarms, dust and ground vibration. Business Access: Access to businesses will stay open, and the contractor will work with property and business owners to keep entrances clear or provide alternate accesses. In the second half of Phase 1, a small segment of Linder Road is expected to be closed south of Overland Road to Spanish Sun Way. Boise-area developer scraps 'economically unviable' apartments. Are they onto something? 'Somebody's gonna get hurt': Safety, school needs clash in this fast-growing Idaho city 800 acres. 2,000 homes. Perhaps a Costco. A giant Meridian development is moving ahead
