Federal Ministry of Science, Technology and Innovation

Malaysia and China to collaborate on AI Research for Transborder Blockchain Applications

Retrieved on:

Thursday, June 15, 2023

Ministry of Science and Technology (China), Blockchain, Partnership, UM, Fourth Industrial Revolution, MOST, Federal Ministry of Science, Technology and Innovation, Innovation, Research, Ministry, Communication, Republic, Artificial intelligence, University of Malaya, Cryptocurrency, Drug, Medical device, Science, AI

The project entitled "Research on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications" was selected as part of the intergovernmental collaboration between Malaysia and the People's Republic of China in the field of Science, Technology and Innovation.

Key Points:

The project entitled "Research on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications" was selected as part of the intergovernmental collaboration between Malaysia and the People's Republic of China in the field of Science, Technology and Innovation.
"The incorporation of AI into our ongoing research work opens up a whole new realm of possibilities," Dr Azzuhri said.
"We expect that the synergistic combination of AI and blockchain technology will lead to breakthroughs that greatly enhance the efficiency and security of cross-border trade."
This collaboration between Zetrix, UM and CAICT marks yet another significant stride towards international cooperation in AI research.

Malaysia and China to collaborate on AI Research for Transborder Blockchain Applications

Retrieved on:

Thursday, June 15, 2023

The project entitled "Research on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications" was selected as part of the intergovernmental collaboration between Malaysia and the People's Republic of China in the field of Science, Technology and Innovation.

Key Points:

The project entitled "Research on Key Issues of Transborder Blockchain Infrastructure and Pilot Applications" was selected as part of the intergovernmental collaboration between Malaysia and the People's Republic of China in the field of Science, Technology and Innovation.
"The incorporation of AI into our ongoing research work opens up a whole new realm of possibilities," Dr Azzuhri said.
"We expect that the synergistic combination of AI and blockchain technology will lead to breakthroughs that greatly enhance the efficiency and security of cross-border trade."
This collaboration between Zetrix, UM and CAICT marks yet another significant stride towards international cooperation in AI research.

smartbax Announces Seed Financing of €1.2 Million to Develop Next-generation Antibiotics

Retrieved on:

Tuesday, May 23, 2023

smartbax , a biotech company developing next-generation antibiotics against multi-drug resistant bacteria, today announced the close of its seed financing round of €1.2 million from Boehringer Ingelheim Venture Fund (BIVF) and High-Tech Gründerfonds (HTGF), bringing smartbax’s total capital raised to €1.9 million.

Key Points:

smartbax , a biotech company developing next-generation antibiotics against multi-drug resistant bacteria, today announced the close of its seed financing round of €1.2 million from Boehringer Ingelheim Venture Fund (BIVF) and High-Tech Gründerfonds (HTGF), bringing smartbax’s total capital raised to €1.9 million.
In contrast to classical anti-bacterial approaches, smartbax's product candidates act via a unique, double-targeted mechanism of action.
smartbax was founded in 2021 by Dr. Robert Macsics, Marco Janezic, and Prof. Dr. Stephan Sieber and was supported by BIVF with a first pre-seed financing of €700,000.
“The novel mechanisms of action being developed by smartbax could open new pathways in the treatment of severe bacterial infections.

Ardagh Glass Packaging builds breakthrough 'NextGen Furnace' in Germany

Retrieved on:

Tuesday, May 23, 2023

Climate, Nextgen, AGP, Electricity, Ardagh Group, Multimedia, Carbon, Federal Ministry of Science, Technology and Innovation, KEI, Economics, AStA Wirtschafts- und Sozialstatistisches Archiv, Sustainability, Climate change mitigation, Glass, CO2, Recycling, Renewable energy

LUXEMBOURG, May 23, 2023 /PRNewswire/ -- Ardagh Glass GmbH, part of Ardagh Glass Packaging (AGP) - Europe, recently began construction on a groundbreaking hybrid furnace to enable a switch to renewable electricity at its glass production facility in Obernkirchen, Germany.

Key Points:

LUXEMBOURG, May 23, 2023 /PRNewswire/ -- Ardagh Glass GmbH, part of Ardagh Glass Packaging (AGP) - Europe, recently began construction on a groundbreaking hybrid furnace to enable a switch to renewable electricity at its glass production facility in Obernkirchen, Germany.
It will use high levels of recycled glass cullet to produce up to 350 tonnes of glass bottles per day, primarily in amber glass, with the capability of making other colours.
Annelene Ikemann, Sustainability Director at AGP - Europe, adds: "AGP is a leading supplier of sustainable, infinitely recyclable glass packaging.
Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for brand owners around the world.

Aerobotix and FerRobotics to exhibit new Active Taping Kit (ATK) tool at Automate 2023

Retrieved on:

Monday, May 15, 2023

Aerobotix and FerRobotics, two leading robotics companies based in the U.S. and Austria respectively, today announced they will exhibit their new Active Taping Kit (ATK) tool at Automate 2023 in Detroit, Michigan, from May 22-25.

Key Points:

Aerobotix and FerRobotics, two leading robotics companies based in the U.S. and Austria respectively, today announced they will exhibit their new Active Taping Kit (ATK) tool at Automate 2023 in Detroit, Michigan, from May 22-25.
View the full release here: https://www.businesswire.com/news/home/20230515005216/en/
The Active Taping Kit (ATK) is a revolutionary robotic tool for precision application of masking tape.
Aerobotix and FerRobotics will exhibit in Booth 3813 at Automate 2023.
To watch a video about the Active Taping Kit (ATK) tool, click here: https://www.youtube.com/watch?v=gM4216UHQas

AI against money laundering

Retrieved on:

Monday, May 8, 2023

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms. Consequently, investigating authorities are frequently overburdened because they must follow up on every suspicion. In the new research project MaLeFiz (Machine Learning for the Identification of Conspicuous Financial Transactions), researchers are now working on a solution that uses machine learning – an artificial intelligence technique – to improve the search for illegal money flows and make it more precise so that fewer false alarms are generated. In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry. Furthermore, the results of the AI are to be made traceable. Project partners are Deloitte GmbH, the Fraunhofer Institute for Secure Information Technology SIT, the Martin Luther University Halle-Wittenberg, the University of Leipzig as well as the Center for Technology and Society at TU Berlin. The MaLeFiz project is funded by the German Federal Ministry of Education and Research and will run for three years. Fraunhofer SIT is leading the project and is responsible for the development of the AI-based tool. For more information, visit www.sit.fraunhofer.de/en/malefiz.

Key Points:

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms.
In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry.
The analysis of financial transactions is an important component in the fight against money laundering.
For example, the decisions of an AI must be comprehensible: The AI should not be a "black box" and simply spit out a list of suspicious cases.

AI against money laundering

Retrieved on:

Monday, May 8, 2023

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms. Consequently, investigating authorities are frequently overburdened because they must follow up on every suspicion. In the new research project MaLeFiz (Machine Learning for the Identification of Conspicuous Financial Transactions), researchers are now working on a solution that uses machine learning – an artificial intelligence technique – to improve the search for illegal money flows and make it more precise so that fewer false alarms are generated. In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry. Furthermore, the results of the AI are to be made traceable. Project partners are Deloitte GmbH, the Fraunhofer Institute for Secure Information Technology SIT, the Martin Luther University Halle-Wittenberg, the University of Leipzig as well as the Center for Technology and Society at TU Berlin. The MaLeFiz project is funded by the German Federal Ministry of Education and Research and will run for three years. Fraunhofer SIT is leading the project and is responsible for the development of the AI-based tool. For more information, visit www.sit.fraunhofer.de/en/malefiz.

Key Points:

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms.
In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry.
The analysis of financial transactions is an important component in the fight against money laundering.
For example, the decisions of an AI must be comprehensible: The AI should not be a "black box" and simply spit out a list of suspicious cases.

Zuse Institute Berlin and FICO Collaborate to Push the Boundaries of Mathematical Optimization

Retrieved on:

Monday, April 17, 2023

At the 4th EURO Practitioners' Forum from 20 to 21 April in Berlin, organized by analytics software provider FICO in cooperation with the Zuse Institute Berlin, data scientists will get to the bottom of this question.

Key Points:

At the 4th EURO Practitioners' Forum from 20 to 21 April in Berlin, organized by analytics software provider FICO in cooperation with the Zuse Institute Berlin, data scientists will get to the bottom of this question.
These companies will showcase practical projects and describe how they utilized mathematical methods and optimization models to overcome complex challenges quickly and reliably.
FICO, a prominent optimization software developer, is a strategic partner of Zuse Institute Berlin (ZIB).
“The lively exchange between science and business is important so that the enormous potential of mathematical optimization can be used even better.

Advent Technologies' Chairman and CEO, Dr. Vasilis Gregoriou Elected as Chair of EU IPCEI Hy2Tech Group

Retrieved on:

Wednesday, March 29, 2023

View the full release here: https://www.businesswire.com/news/home/20230329005582/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230329005582/en/
Dr. Vasilis Gregoriou (Chairman and CEO, Advent Technologies) during the 1st General Assembly for Hy2Tech and Hy2Use in Berlin, Germany.
Richard Schauperl, Senior Project Manager, R&D Hydrogen and Fuel Cell at AVL GmbH, was also elected as the Deputy Chair of the Facilitation Group.
Advent’s Green HiPo is one of 41 projects ratified under IPCEI Hy2Tech, jointly prepared and notified by fifteen Member States.
Dr. Vasilis Gregoriou, Advent's Chairman and CEO, commented, "I am deeply honored to have been elected as the Chair of the Facilitation Group for IPCEI Hy2Tech, and I am grateful for the trust and support from my fellow industry leaders.

Western Alliance Bank Provides End of Week Update

Retrieved on:

Friday, March 17, 2023

Banking, Professional Services, Finance, Treasury, Technological innovation system, Signature Bank, Innovation, Sale, Federal Ministry of Science, Technology and Innovation, WAL, Environment, NYSE, Bank, Western Alliance Bancorporation, HOA

Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation (NYSE: WAL), today issued the following statement reaffirming its financial strength.

Key Points:

Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation (NYSE: WAL), today issued the following statement reaffirming its financial strength.
Western Alliance remains in a strong position, with immediately available liquidity of over $20 billion as of March 16, 2023.
Kenneth A. Vecchione, President and CEO of Western Alliance Bank, concluded, “We have a long history of financial stability and responsible, cautious risk management.
This has certainly been a challenging few days for our industry and we appreciate our deep relationships with customers across the bank who continue to choose Western Alliance as their trusted banking resource.”