Artificial intelligence – Virtual Vers https://virtualvers.com Fri, 11 Oct 2024 12:37:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://virtualvers.com/wp-content/uploads/2024/06/android-chrome-512x512-1-150x150.png Artificial intelligence – Virtual Vers https://virtualvers.com 32 32 Pioneering AI technology from Bain & Company powering Athena Pathway’s bid for British victory in inaugural Women’s America’s Cup https://virtualvers.com/sports/pioneering-ai-boosts-athena-pathways-womens-americas-cup-bid/?utm_source=rss&utm_medium=rss&utm_campaign=pioneering-ai-boosts-athena-pathways-womens-americas-cup-bid Fri, 11 Oct 2024 12:37:15 +0000 https://virtualvers.com/?p=9049 Unique, cutting-edge AI simulation tools and technology deployed by Bain to optimise British competitors’ racing performance in the world’s premier global sailing competition

LONDON, Oct. 11, 2024 /PRNewswire/ — Pioneering AI advances developed by Bain & Company are being harnessed by Britain’s team of world-class women sailors in their bid to make sporting history by winning the inaugural Women’s America’s Cup in this weekend’s finals at the pinnacle of global sailing competition.

Bain is partnering with Athena Pathway and its sailing teams, Britain’s entrants in the Women’s and Youth America’s Cup races, to bring state-of-the-art AI technology to power their challenges for victory in the world’s oldest sporting trophy contest, with this year marking the first-ever women’s race in the competition. Watch the video here.

Athena Pathway was founded by the British sailing champions Hannah Mills OBE and Sir Ben Ainslie, the world most decorated Olympic sailors, to change the landscape of competitive high-performance sailing by bringing diversity and equal opportunities to the sport in the UK. Britain’s Athena Pathway teams in the Women’s and Youth America’s Cup include women sailors and youth sailing talent with a collective six Olympic medals and 22 sailing World Championship medals. They are competing against crews from the United States, Canada, France, Germany, Spain, Italy, the Netherlands, Switzerland, Sweden, Australia and New Zealand.

Bain & Company’s Advanced Analytics Group, the firm’s AI practice, and a team of expert Bain consultants have worked in close collaboration with Athena Pathway sailors, coaches and teams at its base in Barcelona and remotely, to develop and deploy unique AI-powered simulation tools and technology to enhance and optimise the performance of the Athena Pathway teams in their bid for America’s Cup wins.

The AI technology developed by Bain for Athena Pathway exploits detailed race performance data pulled from sensors fitted on the specialised, high-performance AC-40 yachts used in the America’s Cup racing – a new class of one-design foiling monohull yacht designed to ensure teams secure wins based entirely on the talent, technique and skills of competing crews.

Harnessing the data captured from race trials, practices and early phases of the America’s Cup competition, the unique AI technology from Bain enables sophisticated analysis by the Athena Pathway teams  supported and advised by Bain’s expert consultants, to maximise speed and optimise manoeuvres on the water, enhancing sailing efficiency in the high-speed racing and helping to achieve the best overall race performance. AI-powered simulations allow the Athena Pathway teams the test multiple “what if” race scenarios onshore during training, saving time versus testing these on the water, as well as adjusting real-time decision-making in simulated race conditions on the water.

Hannah Mills, Athena Pathway’s co-founder and Team Principal at the yacht’s helm in the women’s races, said: “Using AI to really help us learn and evolve and upskill very quickly has been a huge part of our training in preparation for the America’s Cup. Bain’s partnership with us has been integral to trying to achieve our goal of winning. When I look at what Bain has been doing with us, particularly on the ground, I’ve never had a partnership quite like it.”

The AI simulations, driven by Bain’s custom-built deep-learning AI model, unique to this project, acts as a ‘digital twin’ of Athena Pathway’s real-life AC40s yachts. This enables the crews to optimise so-called “velocity made good” (VMG), a key driver of race performance, for the yachts using interactive mapping enabling visualisation of both past, real sailing manoeuvres as well as simulated scenarios the teams want to test out. The AI models, pulling from around six million individual data observations captured by the sensors used, across more than 40 types of input variable, provide instantaneous feedback and real-time insights on specific scenarios of interest to the teams as they plan their race tactics and strategy.

Chris Draper, head coach for Athena Pathway, added: “Having the AI tools and being able to share that collaboratively has been enormous for us. It really has been a game-changing relationship. We’ve got sensors throughout the boats that give us direct feedback on how things are moving, the loads and strains, so you can identify exactly what is happening. We’re literally learning every day how to optimize performance and the AI tool is enabling us to do that, providing us with really, really interesting results. It thinks slightly outside of the box and it’s proving exceptionally useful for us.”

Discussing the partnership with Athena Pathway, Hugo Parkinson, Bain senior partner and leader of the firm’s Advanced Manufacturing practice in EMEA, said: “We are hugely excited to have partnered with Athena Pathway in this ground-breaking way. The unique AI tools we’ve been able to bring to their challenge in the America’s Cup is pioneering and is helping the teams solve some of their biggest challenges in the racing. It’s learned how to sail the boat and now it makes a series of AI-powered recommendations on how to sail it faster. Being able to bring this sort of advanced analytics to such an exciting environment is incredibly helpful in furthering the ambitions of Athena Pathway in this top-tier sport. For us at Bain, there’s also the tremendous benefit of what we’ve learned through this collaboration where we’ve been able to identify multiple real-world applications for this technology in all kinds of business use cases.”

In addition to backing Athena Pathway’s challenge for the America’s Cup with AI technology, Bain has also worked with the teams, and their coaches and leaders, to enhance their operations at their Barcelona base in multiple additional ways, with Bain support for optimising teamwork, help with upgrades to IT systems, onshore base efficiencies and planning, and improved documentation in the teams’ playbooks.

Juan Carlos Gay, Bain senior partner in the firm’s Energy & Natural Resources practice and global Head of the Capital Projects Acceleration team, who co-led Bain’s Athena Pathway collaboration with Hugo Parkinson, added: “Our partnership with Athena Pathway has been a tremendous opportunity to bring our technological and AI capabilities, and our deep business expertise in a wider range of ways, to this thrilling realm – competitive yacht racing – outside of the business world. Bain champions diversity in everything we do, which is core to our mission, so it’s been particularly inspiring for us and Athena Pathway to come together in support of the young and female talent competing in this inaugural Women’s America’s Cup race.”

Media contacts
To arrange an interview or for any questions, please contact:

Gary Duncan (London) — Email: gary.duncan@bain.com
Katie Ware (New York) — Email: katie.ware@bain.com
Ann Lee (Singapore) — Email: ann.lee@bain.com 

About Bain & Company

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry. 

SOURCE Bain & Company

https://prnmedia.prnewswire.com/news-releases/pioneering-ai-technology-from-bain–company-powering-athena-pathways-bid-for-british-victory-in-inaugural-womens-americas-cup-302273892.html

]]>
9049
VersaFeed Uses AI to Optimize Product Feeds, Boosting Engagement and Conversion Rates https://virtualvers.com/artificial-intelligence/versafeed-uses-ai-to-optimize-product-feeds/?utm_source=rss&utm_medium=rss&utm_campaign=versafeed-uses-ai-to-optimize-product-feeds Thu, 10 Oct 2024 21:09:21 +0000 https://virtualvers.com/?p=9029 SAN FRANCISCO, Oct. 10, 2024 /PRNewswire/ — VersaFeed has announced groundbreaking results from a year-long study demonstrating the power of artificial intelligence (AI) in optimizing product feeds for Google Merchant Center. By enhancing and generating product data, VersaFeed significantly increased engagement and conversion rates for over 100,000 products.

Meeting Google’s stringent data feed requirements has long been a challenge for merchants. VersaFeed sought to address this issue by leveraging proprietary AI tools and randomized A/B testing to both optimize existing data and generate missing attributes. Understanding that incomplete or poorly optimized data can negatively impact compliance and performance, VersaFeed embarked on a mission to explore how AI could fill gaps and enhance product data.

VersaFeed’s innovative approach utilized AI in two key areas with the following results:

Data Optimization: Enhanced existing [title] and [description] attributes to include relevant product details and keywords. VersaFeed concluded that this drove increased conversion rates of 9.3% for title optimizations and 5.5% for description optimizations.

Data Generation: Filled in missing or incomplete data such as [color], [size], [material], [pattern], and created new attributes including [product_highlight] and [product_detail]. Performance results here proved that filling in the gaps for missing data in [color], [size], [material] and [pattern] attributes led to more visibility and engagement with 3.7% more clicks. Results indicated a 2.3% lift in clicks from generating [product_highlight] and [product_detail] attributes.

The study conclusively demonstrated that AI can play a crucial role in improving product impressions, clicks, and conversion rates in Google Shopping. By both optimizing existing data and generating new attributes, VersaFeed’s AI-powered solutions offer a significant competitive edge.”We’re thrilled with the results of our study,” said John Kleven, CEO of VersaFeed. “Our AI capabilities enable merchants to meet Google’s requirements more effectively and drive better performance, fundamentally changing how product data feeds are managed.”

For more information, please visit https://versafeed.com/pr-ai or contact Allie Bates at 803-354-2706.

VersaFeed is a leader in data feed management solutions, empowering merchants with cutting-edge AI technology to optimize their online presence. With a focus on innovation and performance, VersaFeed provides tools to help businesses thrive in the competitive digital marketplace.

Media Contact: 
Allie Bates
Vice President, Operations
abates@versafeed.com
803-354-2706
https://www.versafeed.com/

SOURCE VersaFeed

https://prnmedia.prnewswire.com/news-releases/versafeed-uses-ai-to-optimize-product-feeds-boosting-engagement-and-conversion-rates-302273059.html

]]>
9029
Report: Retail Investors’ Views on Election and Artificial Intelligence https://virtualvers.com/artificial-intelligence/report-retail-investors-views-on-election-and-artificial-intelligence/?utm_source=rss&utm_medium=rss&utm_campaign=report-retail-investors-views-on-election-and-artificial-intelligence Thu, 10 Oct 2024 20:38:12 +0000 https://virtualvers.com/?p=9008 Report: Retail Investors’ Viewpoints on the Upcoming Election and Artificial Intelligence

A new report from Public highlights that retail investors remain split on their investing habits in an election year with rising enthusiasm for AI-driven investment research

NEW YORK, Oct. 10, 2024 /PRNewswire/ — Public, an investing platform that lets members invest in stocks, ETFs, crypto, options, and bonds with deep fundamental data and custom analysis powered by AI, surveyed 1,300+ retail investors to compile its annual investor report. The report’s key findings dive into investing in AI, using AI for research, and how retail investors are thinking about the upcoming election.

Key insights around using AI to conduct research 
Retail investors are beginning to use AI to conduct investment research, and many plan to adopt AI for investment research in the coming years.

  • 64% of investors believe that AI will be a standard tool for investors in the future.
  • 50% of investors are likely to use AI tools in the future to process financial information.
  • 38% of investors believe one of the benefits of using AI is that it’s quicker to process information compared to Google searches.

Key insights around investing in AI 
Despite NVIDIA becoming a household name for retail investors, investors aren’t as excited about other AI companies or technologies when investing in them.

  • 35% of investors state that new AI technology excites them.
  • 30% of investors have purchased a company’s stock because of its AI capabilities.
  • 52% of investors are bullish on AI companies’ stock performance.

Key insights around investing in an election year
Retail investors are split about the election and how it impacts their investing strategies. While most are continuing business as usual, some are adjusting their approach—either ramping up or scaling back their activity.

  • 63% of investors state that the election does not impact their investing strategy.
  • 12% of investors state they are investing more this year due to the election, and 12% say they are investing less due to the election.

Key insights around the economy

  • 45% of investors say that the Federal Reserve cutting interest rates does not impact their investing strategy.

Access and download the full report here.

About Public

Public is an investing platform that makes building a multi-asset portfolio fast, secure, and frictionless. Members can invest in stocks, options, bonds, crypto, and a high-yield cash account—all in one place. Members can also access real-time and historical fundamental data and custom analysis with Alpha, the AI for investors. At Public, we’re committed to creating a more transparent investing experience that is consistently aligned with our members’ best interests.

Disclosures

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member

FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see https://jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main 

Contact
Rachel Livingston
press@public.com

SOURCE Public

https://prnmedia.prnewswire.com/news-releases/report-retail-investors-viewpoints-on-the-upcoming-election-and-artificial-intelligence-302272533.html

]]>
9008
AI-Powered Green Solutions Drive Southeast Asia’s Sustainability Agenda https://virtualvers.com/artificial-intelligence/southeast-asia-adopts-ai-ml-to-meet-esg-goals-abi-research/?utm_source=rss&utm_medium=rss&utm_campaign=southeast-asia-adopts-ai-ml-to-meet-esg-goals-abi-research Thu, 10 Oct 2024 20:21:43 +0000 https://virtualvers.com/?p=8998 AI and ML solutions will drive sustainable growth in the region by improving operations efficiency and facilitating carbon emission monitoring and reporting

NEW YORK, Oct. 10, 2024 /PRNewswire/ — Amid mounting pressure from international organizations and governments to drive sustainable economic growth, global technology intelligence firm ABI Research finds that companies in Southeast Asia (SEA) are rising to the challenge by embracing Artificial Intelligence (AI) and Machine Learning (ML) solutions to meet their Environmental, Social, and Governance (ESG) goals and demonstrate their commitment to a sustainable future. Many SEA countries, such as Singapore, Malaysia, Thailand, Vietnam, the Philippines, and Indonesia, already require qualified companies to disclose ESG. Countries such as Singapore and Malaysia have further outlined clearly defined roadmaps to expand ESG reporting to more companies in the future.

“Across vertical industries, AI and ML solutions are being adopted to drive sustainable growth, from enhancing operational efficiency to accountability in tracking carbon emissions. These technologies power innovations such as AI-driven carbon management software and robotic systems. In SEA, the urgency to embrace these solutions is particularly high, as the region is becoming a key target for factory development and is viewed by companies as a major hub for future business expansion. Hence, adopting AI-enabled solutions is increasingly recognized as critical to ensuring sustainable growth in this rapidly growing region,” explains Rachel Kong, Research Analyst at ABI Research.

A recent survey by ABI Research revealed significant interest in AI-based solutions in Malaysia, with more than 50% of respondents from the manufacturing sector deeming AI as an essential component when evaluating new solutions. Robotic Process Automation (RPA) and Enterprise Resource Planning (ERP) software were ranked the top two most important investment areas to support productivity improvements and solution areas in which AI is expected to feature heavily. This trend is expected to be consistent throughout most of the SEA region as well.

Additionally, many innovative solutions are being introduced to support sustainable growth. For example, in the automation industry, Schneider Electric in SEA is developing new technologies for electrification, automation, and digitization by leveraging AI-driven analytics to optimize operations and increase efficiency. Leading innovators in the carbon management software space, such as Zuno Carbon, Evercomm, Unravel Carbon, and Jejakin, have also integrated AI-driven features in their solutions to streamline data collection and improve the overall efficiency of emissions accounting.

“With the tightening of local sustainability reporting regulations in the region, we anticipate more companies to invest in AI and ML technologies to accelerate their sustainable efforts across industries, such as manufacturing, agriculture, supply chain, and finance,” says Matthias Foo, Senior Analyst at ABI Research. “However, it is important to recognize that all enterprises are in different stages of their sustainability journey. Hence, each organization must carefully evaluate AI-based sustainability solutions to determine its overall impact on business operations.”

These findings are from ABI Research’s Leveraging AI and ML for Sustainable Growth in Southeast Asia report. This report is part of the company’s Southeast Asia Digital Transformation research service, which includes research, data, and ABI Insights.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com  

SOURCE ABI Research

https://prnmedia.prnewswire.com/news-releases/ai-powered-green-solutions-drive-southeast-asias-sustainability-agenda-302272411.html

]]>
8998
OpenText 2024 Survey: Supply Chain Attacks Surge, Ransoms Persist https://virtualvers.com/artificial-intelligence/opentext-cybersecuritys-2024-ransomware-survey/?utm_source=rss&utm_medium=rss&utm_campaign=opentext-cybersecuritys-2024-ransomware-survey Thu, 10 Oct 2024 20:17:38 +0000 https://virtualvers.com/?p=8996 OpenText Cybersecurity’s 2024 Ransomware Survey: Supply Chain Attacks Surge, Ransom Payments Persist

While companies improve defenses, almost half of respondents still suffer ransomware attacks and the resulting ransom payments only perpetuate the cycle of vulnerability 

WATERLOO, ON, Oct. 10, 2024 /PRNewswire/ — OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released its third annual 2024 Global Ransomware Survey, which reveals the current state of ransomware attacks, including ransom payments, the impact of software supply chain attacks and generative AI. The report found that supply chain attacks are widespread with 62% of respondents having been impacted by a ransomware attack originating from a software supply chain partner in the past year.

With well-funded cybercriminals increasingly targeting software supply chains and harnessing generative AI to increase phishing attempts, businesses face a persistent struggle to stay ahead of evolving ransomware threats and the rising cost of attacks. Verizon’s 2024 Data Breach Investigations Report shows that the median loss associated with the combination of ransomware and other extortion breaches has been $46,000, ranging between $3 and $1,141,467 for 95% of cases.

“SMBs and enterprises are stepping up their efforts against ransomware, from assessing software suppliers to implementing cloud solutions and boosting employee education. However, the increase in organizations paying the ransom only emboldens cybercriminals, fueling more relentless attacks,” said Muhi Majzoub, executive vice president and chief product officer, OpenText. “Businesses must proactively defend against sophisticated threats like supply chain vulnerabilities and AI-driven attacks, while ensuring resilience through data backups and response plans, to avoid empowering the very criminals seeking to exploit them.”

Key survey findings include:

  • Respondents are overwhelmingly concerned about supply chain attacks. Those who reported a ransomware attack this year were more likely to report that it came from their supply chain.
    • Forty percent of respondents have been impacted or don’t know by a ransomware attack originating from a software supply chain partner.
    • Of the respondents who experienced a ransomware attack in the past year, 62% have been impacted by a ransomware attack originating from a software supply chain partner and 90% are planning to increase collaboration with software suppliers to improve security practices in the next year.
    • A majority (91%) of respondents are concerned about ransomware attacks on a company’s downstream software supply chain, third-party and connected partners.
    • When asked if recent breaches by key industry vendors like Change Healthcare, Ascension and CDK Global that caused sector-specific outages and losses made them more concerned about being impacted by a supply chain attack, almost half (49%) are more concerned – enough to consider making vendor changes.
    • Almost three-quarters of respondents (74%), including those who have experienced a ransomware attack in the past year, have a formal process for assessing the cybersecurity practices of your software suppliers. A surprising 26% do not or don’t know.
  • Almost three-quarters of companies have experienced a ransomware attack this year, with more SMBs than large enterprises having experienced an attack.
    • Of the 48% of respondents who have experienced a ransomware attack, 73% have experienced a ransomware attack in the last year, only a quarter have not (25%) and 2% don’t know.
    • More SMBs vs. large enterprises have experienced a ransomware attack. Over three-quarters (76%) of SMBs reported experiencing a ransomware attack in the past year while 70% of large enterprises reported experiencing a ransomware attack in the past year.
    • Of those who experienced a ransomware attack in the past year, a little less than half (46%) paid the ransom. 31% of their ransom payments were between $1 million and $5 million. At the same time, almost all (97%) successfully restored their organization’s data. Only 3% did not.
  • Respondents experienced more phishing attacks due to the increased use of AI, especially among those who have experienced a ransomware attack.
    • More than half (55%) of respondents said their company is more at risk of suffering a ransomware attack because of the increased use of AI among threat actors.
    • Almost half (45%) of respondents have observed an increase in phishing attacks due to the increased use of AI. Of those who experienced a ransomware attack, 69% have observed an increase in phishing attacks due to the increased AI usage.
  • Organizations, including SMBs, continue to invest more in cloud security and security awareness and phishing training.
    • Cloud security is the cybersecurity area that respondents say their companies are investing in most (66%).
      • In 2024, 62% of SMB respondents are investing more in cloud security. In contrast, in 2023, 56% were investing more in cloud security. In 2022, only 39% of SMB respondents were using cloud security solutions.
    • A majority (91%) of respondents said their companies require employees to participate in security awareness or phishing training. Only 9% do not. In 2024, 66% conducted at least a quarterly training.
      • Compared to 2023 and 2022, organizations are requiring employees to participate in security awareness training more frequently. In 2023, only 39% conducted training once per quarter. In 2022, only 24% of SMBs conducted security awareness training once per quarter.

To learn more about the findings, view the infographic or visit our blog.

Survey Methodology
OpenText Cybersecurity polled 1,781 c-level executives, security professionals and security and technical directors from SMBs and enterprises in the United States, the United Kingdom, Australia, France, Germany and India from August 23 to September 10, 2024. Respondents represented multiple industries including technology, financial services, retail, manufacturing, healthcare, education and more.

About OpenText Cybersecurity
OpenText Cybersecurity provides comprehensive security solutions for companies and partners of all sizes. From prevention, detection and response to recovery, investigation and compliance, our unified/end-to-end platform helps customers build cyber resilience via a holistic security portfolio. Powered by actionable insights from our real-time and contextual threat intelligence, OpenText Cybersecurity customers benefit from high efficacy products, a compliant experience and simplified security to help manage business risk.

About OpenText 

OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology.  For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.

Connect with us:
OpenText CEO Mark Barrenechea’s blog

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company’s or our CEO’s blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication. 

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

OTEX-G 

SOURCE Open Text Corporation

https://prnmedia.prnewswire.com/news-releases/opentext-cybersecuritys-2024-ransomware-survey-supply-chain-attacks-surge-ransom-payments-persist-302272292.html

]]>
8996
Clario and PathAI Collaborate to Deliver Integrated Solution for GI Clinical Trials https://virtualvers.com/artificial-intelligence/clario-pathai-partner-to-deliver-gi-clinical-trial-solution/?utm_source=rss&utm_medium=rss&utm_campaign=clario-pathai-partner-to-deliver-gi-clinical-trial-solution Thu, 10 Oct 2024 19:59:56 +0000 https://virtualvers.com/?p=8979 Partnership combines revolutionary digital pathology and endoscopy solutions, enhancing drug development for IBD and other GI disorders

  • Strategic Partnership: Streamlined, single-vendor solution improves diagnostic accuracy, boosts efficiency, and enables reliable turnaround times in gastrointestinal (GI) clinical trials.
  • Advanced GI Solutions: Enhances trial efficiency with AI-powered solutions, including reading for ulcerative colitis (UC) from Clario and histopathology services from PathAI.
  • Integrated Workflow: Combines endoscopic and histopathology endpoints with simplified processes for CROs, sponsors, and investigational sites.

PHILADELPHIA, Oct. 10, 2024 /PRNewswire/ — Clario, a leading provider of endpoint data solutions to the clinical trials industry, is excited to announce a strategic partnership with PathAI, a leader in AI-powered digital pathology solutions aimed at improving diagnostic accuracy and efficiency. This collaboration offers a single-vendor solution for efficient anatomical pathology services and next-generation video endoscopy analysis.

This co-delivery model streamlines endoscopic and histopathology endpoints to improve efficiency in global GI studies. CROs and sponsors will benefit from an end-to-end process that covers training, logistics, tissue processing, slide digitization, image analysis, and data transfers all with the medical and scientific oversight of our experts. Sites will experience simplified workflows with improved training, reporting, and document management.

“At Clario we have long been at the forefront of supporting GI clinical trials, and we are excited to augment our strengths with PathAI’s capabilities in the area of discovery and patient care,” said Marcela Vieira, M.D., Clario’s Medical Director of Gastroenterology. “The combination of endoscopy and histopathology promises to unlock new avenues for clinical research, and we are proud to be in this leadership position with our partners at PathAI.”

Clario has extensive experience in GI trials, having supported over 130 studies through advanced imaging solutions like endoscopy, MRI, and ultrasound. Their scientists and technologies help reduce site burden and enhance trial efficiency with AI-supported reading for UC and HD-video endoscopy support.

PathAI bolsters the partnership with its expert GI pathologist network and cutting-edge anatomical pathology services while optimizing specimen handling and histological assessments. Their AI-powered tools enhance UC assessment, minimize variability in histological scoring, and expedite biomarker discovery.

“We’re thrilled to partner with Clario to provide a cutting-edge solution for IBD clinical trials,” said Matt Grow, Chief Business Officer & President of Biopharma at PathAI. “Our collaboration will offer an integrated approach in histology and endoscopy for assessing therapeutic efficacy, accelerating biomarker discovery and therapy development in IBD.”

About Clario

Clario is a leading provider of endpoint data solutions to the clinical trials industry, generating high-quality clinical evidence for our pharmaceutical, biotech, and medical device partners. We offer comprehensive evidence generation solutions that combine eCOA, cardiac solutions, medical imaging, precision motion, and respiratory endpoints.

For more than 50 years, Clario has delivered deep scientific expertise and broad endpoint technologies to help transform lives around the world. Our endpoint data solutions have supported over 26,000 clinical trials in more than 100 countries. Our global team of science, technology, and operational experts have supported over 60% of all FDA drug approvals since 2012.

For more information, visit Clario.com or follow on LinkedIn.

About PathAI

Headquartered in Boston, PathAI is the only AI-focused technology company providing comprehensive precision pathology solutions, from wet lab services to algorithm deployment for clinical trials and laboratory use. Rigorously trained and validated with over 15 million annotations, its AI-powered models optimize pathology sample analysis, improving efficiency and accuracy in interpretation while gauging therapeutic efficacy and accelerating drug development for complex diseases.

For more information, visit pathai.com 

Media Contact:
media@clario.com

SOURCE Clario

https://prnmedia.prnewswire.com/news-releases/clario-and-pathai-collaborate-to-deliver-integrated-solution-for-gi-clinical-trials-302271866.html

]]>
8979
Keeper Security Research Reveals AI is Driving a New Generation of Advanced Cyber Attacks https://virtualvers.com/artificial-intelligence/keeper-security-ai-fueling-a-new-wave-of-advanced-cyber-attacks/?utm_source=rss&utm_medium=rss&utm_campaign=keeper-security-ai-fueling-a-new-wave-of-advanced-cyber-attacks Thu, 10 Oct 2024 19:56:59 +0000 https://virtualvers.com/?p=8976 New data shows AI is making phishing and smishing attacks harder to detect, with 84% of IT leaders acknowledging the increased challenge

CHICAGO, Oct. 10, 2024 /PRNewswire/ — The rise and continued advancement of Artificial Intelligence (AI) is transforming cybersecurity, introducing new complexities in threat detection and response. New research from Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections, shows that while organizations are implementing AI-related policies, there is still a notable gap in overall preparedness.

Keeper’s survey highlights that 84% of IT and security leaders find AI-powered tools have made phishing and smishing attacks – already a critical threat – even more difficult to detect. In response, 81% of organizations have implemented AI usage policies for employees. Confidence in these policies is also high, with 77% of leaders stating they are either extremely or very familiar with best practices for AI security.

Despite these efforts, the gap between policy and preparedness persists. Keeper’s 2024 Top Data Threats report revealed that 51% of security leaders identify AI-powered attacks as the most serious threat facing their organizations, and 35% feel their organizations are least prepared to combat these attacks, compared to other types of cyber threats.

To tackle these emerging challenges, organizations are focusing on several key strategies:

  1. Data Encryption: This is the most widely adopted measure, with 51% of IT leaders incorporating it into their security strategies. Encryption helps protect sensitive information from unauthorized access, which is crucial in defending against AI-driven attacks.
  2. Employee Training and Awareness: Recognized as a high priority, 45% of organizations are focusing on enhancing their training programs to better prepare employees for the evolving threat landscape. Effective training can help employees recognize and respond to AI-powered phishing and smishing attempts.
  3. Advanced Threat Detection Systems: With 41% of organizations investing in these systems, there is a clear emphasis on improving the ability to detect and respond to sophisticated AI-driven threats. Advanced threat detection solutions can provide early warnings and mitigate potential damage from these attacks.

The emergence of AI-driven cyber attacks presents new challenges, but the fundamental cybersecurity practices – such as data encryption, employee training and advanced threat detection – remain essential. Organizations must ensure these foundational measures are consistently updated and adapted to meet emerging threats.

In addition to these fundamentals, adopting advanced security frameworks like zero trust and implementing Privileged Access Management (PAM) solutions like KeeperPAM can significantly improve resilience. Zero trust ensures that every user, device and application is continuously verified before accessing critical systems, minimizing the risk of unauthorized access and limiting the blast radius if an attack does occur. PAM helps secure an organization’s most sensitive accounts by controlling, monitoring and auditing privileged access, which is especially important in defending against sophisticated AI-driven attacks targeting high-level credentials.

Organizations should also stay proactive by regularly reviewing security policies, conducting routine audits and fostering a culture of cybersecurity awareness. While organizations are making progress, cybersecurity is an ever-evolving field that requires ongoing vigilance. Combining fundamental practices with modern approaches like zero trust and PAM will help organizations stay ahead of evolving AI-powered threats.

For additional information about these insights and key statistics, please see Keeper’s infographic.

About Keeper Security

Keeper Security is transforming cybersecurity for people and organizations globally. Keeper’s intuitive solutions are built with end-to-end encryption to protect every user, on every device, in every location. Our zero-trust privileged access management platform deploys in minutes and seamlessly integrates with any tech stack to prevent breaches, reduce help desk costs and ensure compliance. Trusted by millions of individuals and thousands of organizations, Keeper is the leader for password, passkey and secrets management, privileged access, secure remote access and encrypted messaging. Learn how our zero-trust and zero-knowledge solutions defend against cyber threats at KeeperSecurity.com.

Learn more: KeeperSecurity.com

CONTACT:
Katherine Benfield
ICR-Lumina for Keeper Security
KeeperSecurity@luminapr.com

SOURCE Keeper Security

https://prnmedia.prnewswire.com/news-releases/keeper-security-research-reveals-ai-is-driving-a-new-generation-of-advanced-cyber-attacks-302272346.html

]]>
8976
Zefr Expands AI Brand Suitability Tools for Better Meta Control https://virtualvers.com/artificial-intelligence/zefr-expands-ai-brand-suitability-tools-for-better-meta-control/?utm_source=rss&utm_medium=rss&utm_campaign=zefr-expands-ai-brand-suitability-tools-for-better-meta-control Thu, 10 Oct 2024 18:18:33 +0000 https://virtualvers.com/?p=8950 Zefr to Expand AI-Driven Brand Suitability Capabilities for Greater Control on Meta

Industry leading brand safety and suitability partner Zefr to expand end-to-end capabilities across Meta, enhances data processing speed

LOS ANGELES, Oct. 10, 2024 /PRNewswire/ — Zefr is excited to announce Meta’s expansion of third-party exclusion capabilities across Facebook and Instagram Feed and Reels, which will soon be in testing with an expected GA release of early 2025. Upon release, this enhancement empowers brands to leverage Zefr’s AI-driven exclusion technology, offering more refined control over ad placements across a broader range of content surfaces on Instagram and Facebook.

As Meta’s initial testing partner for brand suitability verification for Feed and Reels, Zefr played a critical role in laying the foundation for content-level blocklists. Early on, we identified the need for more flexible controls, enabling brands to go beyond broad content categories and fine-tune their ad placements.

Over the past year, Zefr has helped clients create custom publisher exclusion lists, unlocking new placements while ensuring brand suitability. These custom publisher exclusion lists have proven particularly valuable in avoiding misaligned content across various placements, including Facebook In-stream ads, ads on Facebook Reels, Instagram profile ads, and Audience Network.

Independent third-party exclusion lists, like those Zefr provides, allow advertisers to overlay brand-specific sensitivities on Meta’s native tools, ensuring campaigns remain aligned with their unique brand values and safety and suitability requirements.

Real-Time Transparency and Optimization

At Zefr, we prioritize transparency and optimization for our clients’ campaigns. Our solutions provide hourly updates, ensuring near real-time visibility into campaign performance. This is particularly important when addressing sensitive brand concerns such as breaking news and crisis response.

Partnering with Industry Leaders for Enhanced Brand Suitability

Zefr’s commitment to delivering brand safety and suitability has driven impactful results across Meta platforms. For example, Zefr partnered with a multinational pharmaceutical advertiser on Meta, implementing suitability optimizations via customized publisher blocklists. This collaboration resulted in a +6.7% increase in brand suitability, underscoring the effectiveness of Zefr’s AI-powered exclusion technology, in conjunction with Meta’s native platform controls, in protecting brands while also driving improved performance.

A Commitment to Brand Safety and Suitability

Zefr remains dedicated to helping advertisers navigate the evolving landscape of content adjacency on social platforms like Facebook and Instagram. By continuously expanding our partnership and innovating through expanded capabilities, we empower brands to achieve more control and precision over their advertising environments. As Meta rolls out further updates to its suitability controls, Zefr will continue to deliver best-in-class solutions that protect our clients’ brands across all placements.

For more information on Zefr’s brand safety and suitability solutions for Meta, contact your Zefr representative today, or visit Zefr.com/atrium. For press inquiries, please contact press@zefr.com.

Media Contact:
Hank Kim

hank@m8media.net

SOURCE Zefr

https://prnmedia.prnewswire.com/news-releases/zefr-to-expand-ai-driven-brand-suitability-capabilities-for-greater-control-on-meta-302272870.html

]]>
8950
FlexClip Boosts AI Tools, Enhances Image Processing for Creators https://virtualvers.com/artificial-intelligence/flexclip-boosts-ai-tools-enhances-image-processing-for-creators/?utm_source=rss&utm_medium=rss&utm_campaign=flexclip-boosts-ai-tools-enhances-image-processing-for-creators Thu, 10 Oct 2024 18:16:09 +0000 https://virtualvers.com/?p=8946 FlexClip Expands AI Offerings, Empowering Creators with Cutting-Edge Image Processing

HONG KONG, Oct. 10, 2024 /PRNewswire/ — FlexClip, PearlMountain Limited’s flagship video creation platform, has recently introduced a suite of new AI tools, including AI Photo Colorizer, AI Photo Restoration, AI Image Upscaler, AI Image Extender, and AI Face Swap. These new tools are crafted to provide users with innovative and user-friendly solutions for image editing.

At it’s core, FlexClip’s latest update offers powerful AI tools like AI Photo Colorizer, AI Photo Restoration, and AI Image Upscaler. These tools allow users to colorize black-and-white photos, repair damaged images, and enhance resolution. Ideal for restoring cherished memories or improving image quality for digital platforms, these features simplify image refinement for both personal and professional use.

Additionally, FlexClip’s AI Image Extender leverages AI technology to extend image backgrounds. It adjusts the aspect ratio or size of the original image without distortion, preserving detail while enhancing visual impact. Ideal for enlarging photographs, optimizing e-commerce product images, enhancing artistic creations, and improving social media images, this tool helps users create more appealing and professional works.

Moreover, the AI Face Swap tool automatically recognizes and replaces faces in photos, delivering natural and realistic results. This helps users with fun images, memes, role-playing content, and visual marketing, enhancing aesthetic appeal and playfulness while enabling various creative expressions.

“We are dedicated to providing users with more advanced tools to encourage their creativity. The newly launched AI functions transform traditional image editing, enabling users to easily achieve professional-level results,” says PearlMountain CEO and founder, Lin Xiao. “We believe this will greatly enhance the user experience and increase creative freedom.”

FlexClip consistently explores AI technology, providing users with a variety of practical tools and a powerful video editor that allows for flexibility and more possibilities in image and video creation.

For more information about FlexClip, please visit https://www.flexclip.com/

About FlexClip

FlexClip is an ai-powered online video maker developed by PearlMountain Limited, providing one-stop video services that help novice and professionals create tutorials, video trailers, explainer videos, presentations, and social media videos with ease.

To date, FlexClip is used and loved by millions of people around the globe.

SOURCE PearlMountain Limited

https://prnmedia.prnewswire.com/news-releases/flexclip-expands-ai-offerings-empowering-creators-with-cutting-edge-image-processing-302272834.html

]]>
8946
Raptive Launches AI ‘Raptive Intelligence’ for Genuine Ad Connections https://virtualvers.com/artificial-intelligence/raptive-launches-ai-intelligence/?utm_source=rss&utm_medium=rss&utm_campaign=raptive-launches-ai-intelligence Thu, 10 Oct 2024 16:26:01 +0000 https://virtualvers.com/?p=8897 Raptive Introduces AI-Powered “Raptive Intelligence” to Help Advertisers Make Authentic Audience Connections

Proprietary Mindset Targeting Across Raptive’s 5,200 Creator Sites Delivers Superior Engagement and Brand Performance.

NEW YORK, Oct. 9, 2024 /PRNewswire/ — Raptive, the creator media company, today announced the launch of Raptive Intelligence, a suite of groundbreaking data and targeting solutions for advertisers. Among its standout features is Mindset Targeting, an AI-powered tool that predicts emotional responses to deliver more relevant and attention-grabbing in-context ad targeting. This innovation drives smarter, higher-performing campaigns at scale across Raptive’s 5,200 premium sites and 191 million monthly visitors. Mindset Targeting taps into the authentic bond between creators and their audiences—a connection that, according to a Nielsen study, results in a more engaged consumer experience.

“Advertisers come to Raptive to reach consumers where they are most engaged and access the authentic connections creators have with their audiences. By combining AI with our expansive network of 5,200 creators, Raptive Intelligence makes advertisers’ investments work harder,” said Marla Newman, EVP of Sales at Raptive. “With Raptive Intelligence, brands can strategically place ads when consumers are most likely to respond, optimizing outcomes and achieving outstanding results.”

Advertisers can leverage Raptive Intelligence through three unique targeting strategies:

  • Mindset Targeting, powered by AI: Raptive creates meaningful and impactful segments beyond traditional demographics, tailoring ads and targeting to resonate with each specific mindset.
  • Contextual Targeting: Raptive’s rich data allows for precision contextual targeting across 38 content verticals
  • Audience Targeting: Based on audience behavior across Raptive’s 5,200 creator sites

Raptive delivers a unique combination of contextual depth and granularity with a deep consumer connection. Raptive Intelligence is powered by these capabilities, analyzing tens of millions of pieces of content across the company’s diverse creator network. This insight enables Raptive to uncover nuanced patterns in audience interests, values, and behaviors, offering a multi-dimensional understanding of consumer mindsets as they engage with content. Raptive Intelligence anticipates cultural shifts, predicts consumer trends, and identifies the content that will resonate most effectively with audiences at any moment.

In initial tests, Mindset Targeting exceeded benchmarks in driving brand consideration, brand favorability, and ad recall. A current campaign for the All-New Toyota Camry uses Mindset Targeting to identify and engage four distinct mindsets within Toyota’s custom target audience to boost website engagement and reinforce perceptions of Toyota Camry as a joy-inducing sedan that adapts to individual lifestyles and enhances the driving experience. By deploying customized strategies for four unique Camry mindsets, the campaign is currently pacing at twice the established action benchmarks. The campaign is also successfully increasing perceptions of Camry as a car that enhances users’ driving experiences and amplifies the mood. 

Raptive’s pioneering approach to user privacy and cookieless technologies ensures that Raptive Intelligence is supported by proven data and technology infrastructure. The company’s unparalleled ID graph ensures maximum scale for campaign performance, and their clean room and ID partnerships with the major solutions providers in the industry enable advertiser data to be linked with Raptive’s data, enhancing targeting and maximizing attribution. Raptive’s investments in Privacy Sandbox technology and other cookieless solutions will ensure that Raptive Intelligence delivers value far into the future.

About Raptive

Raptive is a new kind of media company built for content creators and is home to one of the internet’s largest and most diverse audiences. Raptive combines its position as the world’s largest ad management platform with a comprehensive suite of monetization, audience, and business solutions that enable creators to turn their passions and talents into thriving independent companies and enduring brands. This creator-first model has paid creators $2.5 billion and propelled Raptive to become a top 10 online media property globally and #1 in Food, Family, Home, and Lifestyle. Raptive is the premium partner to advertisers seeking authentic engagement with diverse and passionate audiences. To learn more about Raptive’s efforts to build a sustainable future for the internet, visit Raptive.com.

SOURCE Raptive

https://prnmedia.prnewswire.com/news-releases/raptive-introduces-ai-powered-raptive-intelligence-to-help-advertisers-make-authentic-audience-connections-302271162.html

]]>
8897