Latest news with #WOO
Int'l Business Times
14 hours ago
- Business
- Int'l Business Times
Founders of LayerZero, SEI, Selini Capital, and Plume back hyper-personalized AI crypto discovery engine
Chainwire Singapore, Singapore, June 9th, 2025, Chainwire TrueNorth, led by a former chief of hybrid CeFi/DeFi exchange WOO and AI experts, raises a strategic angel round to pioneer the agentic economy. The founders of LayerZero, SEI, Selini Capital, Virtuals, Plume, and Presto Labs have collectively backed an AI platform that uses autonomous agents and real-time data to uncover crypto opportunities. AI-focused firm TrueNorth, co-founded by former WOO COO Willy Chuang and ex-Temasek AI tech investor Alex Lee, has raised $1 million in funding to develop Crypto's first AI-powered engine. An engine symbiotic to the users' discovery journey from intent straight to the outcome. TrueNorth's agentic technology continuously scans across chains, socials, and macro and project data to surface timely, high-signal insights for every user personalized to their portfolio, trading style, and past behavior. 'We see true AI agents becoming the foundation for how people invest in crypto for the future,' said Willy Chuang and Alex Lee, co-founders of TrueNorth. 'The market is only getting more complex, and our goal is to cut through the noise with a hyper-personalized engine powered by a generative user interface (known as Gen UI) that adapts to each user's style and behavior in real-time. We're building a system where the agnetic flow and expert distilled reinforcement learning models work quietly in the background, driving the user's intent infinitely closer to the outcome. Willy Chuang, who previously led operations at the CeFi/DeFi exchange WOO, emphasized the real-world need for tools that reduce cognitive overload in fast-moving markets. "Having led crypto exchanges and worked closely with a broad range of traders and investors, I've seen how fragmented data and constant noise creates friction in decision-making,' said Chuang. 'TrueNorth is built to simplify this, delivering personalized insights that evolve with each user so they can move faster with more confidence.' For his part, Alex Lee, a PhD in AI, highlighted the platform's AI-driven approach and ongoing development phase. 'AI has reached a point where it can do more than just process data; it can understand context, adapt to users, and continuously improve decision-making,' said Lee. 'That's the foundation we're building on: agentic intelligence that works behind the scenes to surface what matters most. We're currently in closed beta, working closely with early users to refine a system that feels intuitive but is powered by serious intelligence.' TrueNorth's backers, Bryan Pellegrino of LayerZero, Jeff Feng of SEI, Jordi Alexander of Selini Capital, and Yongjin of Presto Labs, as well as Will Wang of Generative Ventures, share a strong belief in AI's transformative power in crypto trading. Their interests span key themes such as interoperability, data-driven AI models, algorithmic market strategies, and innovative infrastructure development. Together, these interests reflect not only a shared belief in AI's potential but also the same principles driving TrueNorth's mission to simplify and personalize decision-making in decentralized markets. TrueNorth, a platform under Singapore-registered Advent AI, is working closely with its first 500 early users, the Truthsayers, to refine agentic workflows for AI-native investing in closed beta. In the coming weeks, the team will unveil key details of its advanced architecture and agentic frameworks as it gears up for a public launch aimed at delivering smarter, hyper-personalized crypto discovery tools to a wider audience. To learn more about TrueNorth, users can visit Contact: media@ About TrueNorth TrueNorth is the crypto industry's first autonomous, AI-powered discovery engine, designed to be symbiotic with the user journey, bringing intent straight to an outcome. Combining on-chain, social, and macro data, TrueNorth uses advanced agentic infrastructure to deliver real-time, tailored insights that evolve with each user's investment journey. Founded by DeFi/CeFi and AI experts, TrueNorth aims to democratize decentralized finance by making complex crypto information accessible and actionable for investors at all levels. TrueNorth is part of Delphi Labs' dAGI accelerator, a protocol R&D lab focused on incubating and accelerating new Web3 primitives. Contact PR team media@ © Copyright Chainwire. All rights reserved.
Yahoo
4 days ago
- Business
- Yahoo
Multiply Group Lights up the World With the Launch of Multiply Media Group, Creating a Media Powerhouse Headquartered in the UAE
Multiply Media Group (MMG) combines BackLite Media, Viola Media and Media 247 to operate one of the UAE's largest and most premium outdoor portfolios with 3,000 units Newly consolidated media group will serve as a launchpad to capture regional and global opportunities in the media sector, including Saudi Arabia, the UK, Europe and the U.S. MMG to redefine the region's media landscape through innovation, scale and strategic partnerships MMG launched at World Out of Home Organization (WOO) Annual Congress in Mexico City ABU DHABI, United Arab Emirates, June 06, 2025--(BUSINESS WIRE)--Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company, today launches Multiply Media Group (MMG), uniting the three market-leading out-of-home (OOH) companies under its portfolio to create a new media powerhouse headquartered in the UAE. The combination of BackLite Media, Viola Media and Media 247 under Multiply Media Group represents a significant move that will shape the future of tech-enabled media in the UAE and beyond. Samia Bouazza, GCEO and Managing Director of Multiply Group, said: "The launch of Multiply Media Group represents the most significant media consolidations in the UAE. By bringing together market-leading media assets under a single AI & tech-driven group, we are reinforcing our commitment to long-term value creation and shareholder returns. MMG lays a strong foundation for our global ambitions and forward-looking investment strategy." MMG was launched at the World Out of Home Organization (WOO) Annual Congress in Mexico City, and simultaneously it lit up the world through a global takeover across key DOOH media, illuminating cities and screens worldwide with its bold presence. The move reflects the global expansion of Multiply Group, the $7.2 billion holding company, which is part of IHC, the most valuable holding company in the Middle East with a market cap of over $240 billion. The newly consolidated group will serve as a launchpad to capture regional and international opportunities arising in the media sector through MMG portfolio businesses. MMG will drive performance and innovation across the OOH media sector, reshaping the UAE's media landscape through scale, AI, and strategic partnerships. To achieve its mission, MMG will invest in high-potential media assets, catalyse growth with innovation and create synergies across its portfolio through strategic investments. Jawad Hassan, Head of Media and Communications Vertical at Multiply Group, said: "For several years, Multiply Group's ambitious growth strategy for the media sector has taken us from an integrated portfolio of three industry leaders to a media powerhouse with vast potential to redefine the entire regional media landscape in ways that will bring immediate impact and long-term value for clients. Through MMG, we stand ready to embrace the emerging trends in our industry, particularly the transformative role of AI, and we will continually look to invest in technologies that enable us to create dynamic and innovative campaigns." The scale of MMG includes 3,000 advertising units across the UAE, including 75+ premium assets on Dubai's Sheikh Zayed Road, which are backed by long-term partnership agreements with the Road and Transport Authority (RTA) (Mada Media) in Dubai and The Department of Municipalities & Transport (DMT) in Abu Dhabi. James Bicknell, CEO of Multiply Media Group, said: "Multiply Media Group launches as a transformative force in out of home media — a powerhouse that unites some of the region's most strategic media assets under one bold vision. With MMG, we are not simply scaling up — we are scaling intelligently. Our mandate is clear: deliver context at scale, and reach audiences where it truly matters, when it matters most. MMG is engineered to be agile, data-led, and deeply integrated, enabling our clients to engage audiences with greater relevance, responsiveness, and resonance than ever before. This is more than media — it's momentum." The launch of MMG follows a recent strategic agreement between Multiply Group's media vertical and Al Arabia, Arabian Contracting Services Company (Al Arabia) to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. Multiply Group, also announced a recent Memorandum of Understanding (MoU) with Saudi Media Company (SMC) – with these two strategic moves underscoring the global expansion potential of Multiply's portfolio brands. Multiply Group's other media holdings include Yieldmo, a contextual mobile ads platform, and Firefly, North America's leading digital Taxi-Top company. The group completed the acquisition of Viola Communications, a marketing and communications firm, in 2021. ABOUT MULTIPLY GROUP Multiply Group PJSC is an Abu Dhabi-based investment holding company that globally invests and operates in transformative, cash-generating businesses. Known for its trademark growth mindset, Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-, medium- and long-term: Multiply, the investments and operations in long-term strategic verticals, currently investing and operating in Mobility, Energy & Utilities, Media & Communications, Wellness & Beauty, and Retail & Apparel. Anchor investments provide long-term recurring income, through which bolt-on acquisitions are made. Multiply+, the Group further engages in opportunistic, sector-agnostic investments, via mainly minority stakes in private and public markets. For more information, visit ABOUT Multiply Media Group Multiply Media Group (MMG) is a media powerhouse committed to driving performance and innovation across the sector. Our ambition is limitless, but our approach is precise. We invest in high-potential media assets, catalyse growth through innovation, and create synergy across our portfolio through strategic investment and smart leadership. MMG includes BackLite Media, Viola Media, Media 247, and Purple Printing. Together, they form an integrated ecosystem built to deliver scale, precision, and sustained value. MMG provides the clarity required to lead meaningful transformation in the industry. Through targeted investment in technology, talent, and innovation, we develop future-ready products and services — anticipating client needs before they emerge. By aligning capabilities across the group, we multiply impact, accelerate innovation, and drive long-term growth. More impact. More innovation. Greater momentum. For more information, visit Source: AETOSWire View source version on Contacts Wassim El Jurdi Multiply Group+971561059595wassim@ Rawad Khattar Weber Shandwick+971563362131rkhattar@
Al Etihad
4 days ago
- Business
- Al Etihad
Multiply Group unites media assets under one brand with launch of Multiply Media Group
6 June 2025 14:37 ABU DHABI (ALETIHAD) Multiply Group, the Abu Dhabi-based investment holding company, has consolidated its media assets under a single unified brand — Multiply Media Group (MMG). The newly launched entity brings together BackLite Media, Viola Media, and Media 247 to form one of the UAE's largest and most premium out-of-home (OOH) media networks, with over 3,000 advertising units across the announcement was made at the World Out of Home Organization (WOO) Annual Congress in Mexico City, accompanied by a bold global digital media campaign that lit up cities and screens launch of MMG represents one of the most significant media consolidations in the UAE. It signals Multiply Group's broader strategy to redefine the media landscape through scale, innovation, and Bouazza, Group CEO and Managing Director of Multiply Group, described the move as a pivotal step: 'By bringing together market-leading media assets under a single AI and tech-driven group, we are reinforcing our commitment to long-term value creation and shareholder returns. MMG lays a strong foundation for our global ambitions and forward-looking investment strategy.'Out-of-home (OOH) media refers to advertising that reaches consumers outside of their homes. This includes formats such as billboards, transit ads, street furniture displays, and digital signage placed in high-traffic public spaces. As traditional media consumption continues to fragment, OOH has remained a resilient and evolving channel for advertisers to reach audiences where they work, commute, and socialise. With MMG, Multiply Group aims to capitalise on this high-impact medium by leveraging data, AI, and strategic network includes more than 75 premium assets along Dubai's Sheikh Zayed Road and benefits from long-term partnerships with major government entities such as Dubai's Road and Transport Authority (RTA) and Abu Dhabi's Department of Municipalities and Transport (DMT). These partnerships ensure MMG's access to high-visibility locations and institutional support as it scales across the Bicknell, CEO of Multiply Media Group, emphasised the transformative nature of the new venture. 'MMG is a powerhouse that unites some of the region's most strategic media assets under one bold vision. Our mandate is clear: deliver context at scale and reach audiences where it truly matters. MMG is engineered to be agile, data-led, and deeply integrated — enabling our clients to engage audiences with greater relevance and resonance than ever before.'MMG's formation also aligns with Multiply Group's recent strategic partnerships aimed at global expansion. These include a joint venture with Arabian Contracting Services Company (Al Arabia) to invest in international OOH markets, and a memorandum of understanding with Saudi Media Company (SMC). These moves highlight MMG's potential as a regional launchpad for cross-border media Hassan, Head of the Media and Communications Vertical at Multiply Group, noted the group's broader vision: 'Multiply Group's growth strategy has taken us from three integrated companies to a media powerhouse poised to redefine the regional landscape. Through MMG, we are embracing emerging trends such as the transformative role of AI and remain committed to investing in technologies that drive dynamic, innovative campaigns.'In addition to its core OOH portfolio, Multiply Group's media holdings include Yieldmo, a contextual mobile advertising platform, and Firefly, a leading digital taxi-top advertising firm in North America. With these assets, MMG is positioned to deliver holistic, multi-channel media solutions both regionally and internationally. Multiply Group is $7.2 billion investment holding company based in Abu Dhabi. It is part of International Holding Company, the most valuable holding company in the Middle East with a market cap of over $240 billion.
Associated Press
12-03-2025
- Business
- Associated Press
WOO X Introduces Demo Copy: Zero-cost Crypto Paper Trading
KINGSTOWN, St. Vincent and the Grenadines, March 12, 2025 (GLOBE NEWSWIRE) -- WOO X, a leading global crypto trading platform, has introduced Demo Copy, a crypto paper trading feature designed for traders looking to explore copy trading in a simulated environment. This new tool allows users to simulate following top traders, test strategies, and gain confidence before committing real funds. For many, copy trading is appealing but comes with hesitation—uncertainty about strategy performance and fear of losses. Demo Copy addresses these challenges by offering a simulated way to try copy trading, thereby helping traders make informed decisions before going live. With Demo Copy, users can: Simulate trades by copying lead traders without using real funds. Track performance through key metrics like ROI and PnL in an interactive dashboard. Compare strategies across different traders to identify the best performers. Counter-copy underperforming traders by taking the opposite position. Seamlessly transition to real copy trading with insights gained from Demo Copy. Ben Yorke, VP of Ecosystem at WOO, explains: 'Many traders hesitate to start copy trading due to concerns over financial loss. Demo Copy addresses these concerns by providing a simulated environment where users can test real strategies, without exposing themselves to the immediate risks associated with live trading. By making trading more accessible and lowering entry barriers, it encourages wider crypto adoption.' Beyond giving users a safe way to explore trading strategies, WOO X will analyze the impact of Demo Copy on real copy trading adoption, ensuring continuous improvements to the experience. Demo Copy builds upon WOO X's Social Trading features while reinforcing its commitment to innovation, fairness, and risk management. WOO X Social Trading is uniquely designed to empower traders with: CounterTrading – A feature that lets users strategically hedge against lead traders, offering more opportunities in varying market conditions. Fair Profit-Sharing Model – Ensuring users only share profits when they're truly in profit, bringing transparency and fairness to trades. Enhanced Risk Management – With tools like WOO Shield and isolated portfolios, users have greater control over their strategies. With this launch, WOO X continues to lead in user-centric trading innovations, giving traders smarter tools to succeed in the crypto markets. Try Demo Copy today on WOO X. About WOO X WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company's mission to maintain the trust of its growing community of traders. Disclaimer: The information contained in this article is provided for general informational purposes only and does not constitute investment, financial, or legal advice. Demo Copy is a simulated trading tool designed to allow users to evaluate copy trading strategies in a controlled, non-live environment. Simulated results and performance metrics, including but not limited to ROI and PnL, are for illustrative purposes only and may not accurately reflect actual trading outcomes when real funds are used. Trading in crypto markets involves significant risks, and past performance is not indicative of future results. You should conduct your own independent research and consult with qualified professional advisors before making any decisions relating to crypto transactions. WOO X disclaims any liability arising from the use of the information contained herein and reserves the right to modify or discontinue Demo Copy and related features at its sole discretion without prior notice.
ARN News Center
12-02-2025
- Business
- ARN News Center
$640 bn needed annually to meet oil demand growth, says OPEC
Haitham Al Ghais, Secretary-General of OPEC, said investment needs in the oil sector will remain substantial to meet the expected growth in oil demand, with cumulative investment requirements estimated at $17.4 trillion between 2024 and 2050, or approximately $640 billion annually. In statements to the Emirates News Agency (WAM) during the World Governments Summit (WGS) 2025, Al Ghais highlighted that the exploration and production sectors will absorb the largest share of investments in the oil sector, with total investment needs in these areas estimated at $14.2 trillion, or around $525 billion annually. Additionally, investment needs in refining, manufacturing, transportation, and storage are expected to reach approximately $1.9 trillion and $1.3 trillion, respectively, over the same period. He explained that OPEC's priorities include supporting and ensuring global oil market stability to secure reliable, cost-effective, and regular petroleum supplies for consumers, a steady income for producers, and a fair return on capital for investors in the petroleum industry. The Secretary-General emphasised OPEC's commitment to securing the future of energy across all types and sources to address energy poverty and promote prosperity for inclusive economic growth under the "all-peoples, all-fuels and all-technologies" approach. Al Ghais noted that these goals are essential for developing the economies of many countries, particularly developing nations that are the main drivers of oil demand. To achieve these objectives, investment in all types of energy, including the oil industry, must be encouraged. According to OPEC's World Oil Outlook (WOO) 2024, global oil demand is expected to exceed 120.1 million barrels per day by the end 2050, an increase of 18 million barrels per day from 2023. Due to population growth, urbanisation, and economic expansion, developing countries are expected to see oil demand growth of about 28 million barrels per day, while developed countries will experience a decline in demand by about 10 million barrels per day. Al Ghais pointed out that the global oil demand growth forecast for 2025 remains at 1.4 million barrels per day. Demand in OECD member countries is expected to grow by 0.1 million barrels per day, while non-OECD countries are expected to see a growth of 1.3 million barrels per day. Regarding OPEC's role in maintaining global oil market stability, Al Ghais said the organisation has long recognised the importance of dialogue between producers and consumers in all areas of energy. He added that key international issues related to energy, such as market stability, supply and demand security, economic prospects, and environmental concerns, directly impact the balance of global energy markets, particularly the oil and gas industry. Proactive dialogue is essential to align the views of all stakeholders.
