Latest news with #On-Demand
The Sun
9 hours ago
- Business
- The Sun
JPJ, APAD urged to monitor repeat traffic offenders closely
KUALA LUMPUR: The Road Transport Department (JPJ) and the Land Public Transport Agency (APAD) have been instructed to enhance monitoring of repeat traffic offenders, particularly involving transport companies and commercial drivers. Transport Minister Anthony Loke emphasized the need for proactive measures following complaints of delayed enforcement. Loke stated, 'I have instructed JPJ and APAD to be more aggressive in their monitoring, particularly of repeat offenders, including companies or even drivers with multiple violations. Proactive action needs to be taken, including audits.' He added that audits would be conducted at transport companies regardless of whether an incident had occurred. The minister addressed concerns over lorry drivers hiding traffic summonses, leading to unpaid fines. He clarified that summonses remain the responsibility of the permit holder or company, not just the driver. 'It is their internal affair, including how they deal with their drivers,' he said. The Transport Ministry recently listed 11 goods vehicle operators and 17 express bus companies with high numbers of unpaid summonses. Separately, Loke discussed the My50 unlimited travel pass, currently valid for Prasarana Malaysia Bhd's rail and bus services. Talks are ongoing with Express Rail Link Sdn Bhd (ERL) to introduce discounted monthly passes for KLIA Ekspres users. However, expanding the RM50 pass to all transport modes remains challenging. On parking issues at public transport stations, Loke encouraged the use of Rapid On-Demand (ROD) services to reduce congestion. 'The government cannot build park-and-ride facilities at every location. That's why we introduced ROD,' he said.
Yahoo
16-06-2025
- Business
- Yahoo
Ericsson, Google Cloud Launch AI-Powered 5G Core Network as-a-Service
Ericsson ERIC has unveiled Ericsson On-Demand, an innovative solution that delivers core network services through a true software-as-a-service (SaaS) model. Designed in collaboration with Google Cloud, this platform harnesses the power of Google Kubernetes Engine (GKE) and Google's AI infrastructure to offer communications service providers (CSPs) a fully managed, cloud-native solution. Ericsson On-Demand enables CSPs to rapidly deploy and scale their core networks, reduce operational expenses and gain the agility needed in today's dynamic telecom landscape. As CSPs face growing pressure to innovate at speed while navigating complex operations, Ericsson On-Demand marks a significant leap forward. The platform can launch a full core network within minutes, scale elastically based on demand and operate on a pay-as-you-use basis, eliminating the need for upfront capital investment or overprovisioning. With Ericsson managing the entire infrastructure, CSPs can focus on innovation and customer experience without being burdened by backend complexities. Ericsson price-consensus-chart | Ericsson Quote Key capabilities include ultra-fast provisioning, real-time elastic scaling, consumption-based transparent pricing and seamless integration of new features without service disruption. The solution is backed by Ericsson's 24/7 Site Reliability Engineering (SRE) teams, offering AI-powered lifecycle automation, proactive troubleshooting and built-in security measures such as geo-restricted deployments, identity and access management (IAM) policies and cloud-native sets Ericsson On-Demand apart is its blend of telecom-grade reliability with the flexibility of the public cloud. Built on the same engineering expertise that powers global mobile networks and deployed on Google Cloud's vast infrastructure—spanning 42 regions and more than 2 million miles of fiber—it ensures high availability, compliance and scalability. CSPs also gain the ability to grow gradually by layering new capabilities over existing systems without any downtime, adhering to evolving data sovereignty and regulatory standards. Ericsson On-Demand empowers CSPs to go from concept to execution faster than ever, whether rolling out fixed wireless access (FWA), launching wide-area enterprise services or entering new markets. Ericsson highlighted that Ericsson On-Demand is not just a product but a catalyst for ambition. Management stated that On-Demand strips away complexity, enabling it to lead confidently into new territories, outpace market shifts and realize opportunities that were once out of reach. Ericsson, carrying a Zacks Rank #2 (Buy), has gained 43% over the past year compared with the Zacks Wireless Equipment industry's growth of 35%. Image Source: Zacks Investment Research Some other top-ranked stocks from the wireless equipment space are Juniper Networks, Inc. JNPR, Clearfield, Inc. CLFD and Ubiquiti Inc. UI. JNPR and CLFD presently sport a Zacks Rank #1 (Strong Buy), whereas UI carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here. In the last reported quarter, JNPR delivered an earnings surprise of 4.88%. Juniper Networks' long-term earnings growth rate is 12.4%. Its shares have inched up 0.8% in the past year. Clearfield's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 90.52%. In the last reported quarter, CLFD delivered an earnings surprise of 147.37%. Its shares have increased 19% in the past six months. UI's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 61.29%. Its shares have surged 161.4% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ericsson (ERIC) : Free Stock Analysis Report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Clearfield, Inc. (CLFD) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gulf Today
15-04-2025
- Business
- Gulf Today
UAE AI start-up AIREV secures investment from Ireland firm
AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV's rapid growth trajectory as it scales one of the world's first AI operating systems - 'On-Demand'. The deal with Venturewave Capital, which is active across diverse asset classes in Europe, US, ASEAN and the Middle East, will enable On Demand to access new opportunities and specifically expand to new market territories from UAE and Ireland. With over 4 million AI-first users worldwide, and backed by Core 42, a G42 company, AIREV continues to refine its revolutionary agentic AI Operating System, On-Demand. Designed to power the post-Artificial General Intelligence/Artificial Super Intelligence economic shift, On-Demand allows users to build their own AI applications by combining the world's leading large language models with hundreds of agents and AI tools. The platform democratises advanced AI technology, simplifying the user experience, and empowering rapid innovation in generative AI products. AIREV already has commercial deployment agreements with computer systems and components supplier Panchea and AI systems and technology solutions provider AIdeology (an Nvidia Elite Partner), and is in commercial and R&D discussions with Fortune 500 semiconductor companies. Over 60,000 users have already adopted the new platform, which offers access to inference capabilities across leading models, including those from OpenAI, Google's Gemini, Meta's Llama, and Arabic language model Jais-developed by Inception, a G42 company. Over 300 specialised agents are available on its marketplace, and the site also seamlessly integrates with major ERP and CRM systems like Salesforce, SAP, and Microsoft Dynamics. On Demand is capable of running on all hardware systems, enabling hardware providers to monetise usage of their infrastructure by linking the computational activity of users to revenue generated. The signing of the funding agreement was witnessed by Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Niamh Smyth, Ireland's Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation. Niamh Smyth stated, 'Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation. AIREV's work in Artificial Intelligence - from education to healthcare - exemplifies technology's power to transcend markets.' Muhammad Khalid, AIREV's Founder and CEO, said, 'With On-Demand, companies can create the right AI for them - quickly, easily and affordably. Think of it as an App Store for AI, but with unseen levels of optimisation and personalisation.' AIREV is committed to global expansion from the UAE in partnership with Ireland. The excellent team is developing technologies that not only expand human potential but also address real-world challenges across sectors such as education, healthcare, and energy.
Mid East Info
15-04-2025
- Business
- Mid East Info
Fast-growing UAE AI start-up AIREV secures investment from Ireland's Venturewave Capital - Middle East Business News and Information
Irish venture private equity firm invests in AIREV as part of Series A raise AIREV's On-Demand is one of the world's first AI operating systems -On-Demand offers hardware providers opportunity to monetize infrastructure Abu Dhabi: AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV's rapid growth trajectory as it scales one of the world's first AI operating systems – 'On-Demand'. The deal with Venturewave Capital, which is active across diverse asset classes in Europe, US, ASEAN and the Middle East, will enable On Demand to access new opportunities and specifically expand to new market territories from UAE and Ireland. With over 4 million AI-first users worldwide, and backed by Core 42, a G42 company, AIREV continues to refine its revolutionary agentic AI Operating System, On-Demand. Designed to power the post-Artificial General Intelligence/Artificial Super Intelligence economic shift, On-Demand allows users to build their own AI applications by combining the world's leading large language models with hundreds of agents and AI tools. The platform democratizes advanced AI technology, simplifying the user experience, and empowering rapid innovation in generative AI products. AIREV already has commercial deployment agreements with computer systems and components supplier Panchea and AI systems and technology solutions provider AIdeology (an Nvidia Elite Partner), and is in commercial and R&D discussions with Fortune 500 semiconductor companies. Over 60,000 users have already adopted the new platform, which offers access to inference capabilities across leading models, including those from OpenAI, Google's Gemini, Meta's Llama, and Arabic language model Jais—developed by Inception, a G42 company. Over 300 specialized agents are available on its marketplace, and the site also seamlessly integrates with major ERP and CRM systems like Salesforce, SAP, and Microsoft Dynamics. On Demand is capable of running on all hardware systems, enabling hardware providers to monetize usage of their infrastructure by linking the computational activity of users to revenue generated. The signing of the funding agreement was witnessed by HE Dr Thani Al Zeyoudi, UAE Minister for Foreign Trade, and HE Niamh Smyth TD, Ireland's Minister for Trade Promotion, AI and Digital Transformation. Minister Niamh Smyth TD stated: 'Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation. AIREV's work in Artificial Intelligence – from education to healthcare – exemplifies technology's power to transcend markets.' Muhammad Khalid, AIREV's Founder and CEO, said: 'With On-Demand, companies can create the right AI for them – quickly, easily and affordably. Think of it as an App Store for AI, but with unseen levels of optimization and personalization. VentureWave Capital recognised that the platform can be transformative for businesses and that our team – young, dynamic, agile and nimble – possess the necessary expertise to develop a blockbuster product with the potential to disrupt the global AI ecosystem. Since we launched On-Demand, we have seen amazing early growth, and built an incredible community of global users. We look forward to working alongside VentureWave Capital and all our partners to expand the market for highly tailored, powerful AI solutions for developers and enterprises.' Alan Foy, Executive Chairman and Founder, Venturewave, added: 'VentureWave Capital is delighted to finalise this strategic investment in AIREV, a UAE-based AI company rapidly emerging as a global leader in transformative AI solutions. AIREV is committed to global expansion from the UAE in partnership with Ireland. The excellent team is developing technologies that not only expand human potential but also address real-world challenges across sectors such as education, healthcare, and energy.' As well as On-Demand, AIREV, which was formed in 2023 by Muhammed Khalid (CEO), Dr Youssef Youssef (COO) and Kayaan Unwalla (CSO), includes other next generation AI-driven businesses including viral edtech platform School Hack. About AIREV: AIREV, a next generation AI company headquartered in the UAE, has quickly risen as a leader in the global AI ecosystem. Backed by Core42, a G42 company, and now VentureWave Capital, AIREV is shaping the future of technology-driven economic growth through its Agentic AI Operating System, On-Demand. AIREV is part of Microsoft's startup program and the Nvidia Inception program, with On Demand built completely on Microsoft's Azure structure. About Venturewave Capital: Venturewave Capital is a venture private equity investment firm that focuses on entrepreneurial companies with high-impact potential. They seek to maximise financial potential by applying proven tools and methods to scale and grow. Venturewave Capital, a member of the Global Impact Investing Network (GIIN), is the first Irish signatory of the IFC Principles for Impact Investing:
Zawya
15-04-2025
- Business
- Zawya
UAE AI start-up AIREV secures investment from Ireland's Venturewave Capital
AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV's rapid growth trajectory as it scales one of the world's first AI operating systems – 'On-Demand'. The deal with Venturewave Capital, which is active across diverse asset classes in Europe, US, ASEAN and the Middle East, will enable On Demand to access new opportunities and specifically expand to new market territories from UAE and Ireland. With over 4 million AI-first users worldwide, and backed by Core 42, a G42 company, AIREV continues to refine its revolutionary agentic AI Operating System, On-Demand. Designed to power the post-Artificial General Intelligence/Artificial Super Intelligence economic shift, On-Demand allows users to build their own AI applications by combining the world's leading large language models with hundreds of agents and AI tools. The platform democratises advanced AI technology, simplifying the user experience, and empowering rapid innovation in generative AI products. AIREV already has commercial deployment agreements with computer systems and components supplier Panchea and AI systems and technology solutions provider AIdeology (an Nvidia Elite Partner), and is in commercial and R&D discussions with Fortune 500 semiconductor companies. Over 60,000 users have already adopted the new platform, which offers access to inference capabilities across leading models, including those from OpenAI, Google's Gemini, Meta's Llama, and Arabic language model Jais—developed by Inception, a G42 company. Over 300 specialised agents are available on its marketplace, and the site also seamlessly integrates with major ERP and CRM systems like Salesforce, SAP, and Microsoft Dynamics. On Demand is capable of running on all hardware systems, enabling hardware providers to monetise usage of their infrastructure by linking the computational activity of users to revenue generated. The signing of the funding agreement was witnessed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Niamh Smyth, Ireland's Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation. Niamh Smyth stated, "Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation. AIREV's work in Artificial Intelligence – from education to healthcare - exemplifies technology's power to transcend markets." Muhammad Khalid, AIREV's Founder and CEO, said, "With On-Demand, companies can create the right AI for them – quickly, easily and affordably. Think of it as an App Store for AI, but with unseen levels of optimisation and personalisation." AIREV is committed to global expansion from the UAE in partnership with Ireland. The excellent team is developing technologies that not only expand human potential but also address real-world challenges across sectors such as education, healthcare, and energy.
