Remark Holdings Seeks Immediate Cessation of Trading and Delisting from the Berlin-Bremen Stock Exchange

LAS VEGAS, July 31, 2018 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (AI) solutions and digital media properties, including Vegas.com, today announced that it has contacted the Berlin-Bremen Stock Exchange (“BBSE”) and has demanded an immediate halt to trading in Remark’s common stock, as well as an immediate delisting of the stock from the BBSE. Remark’s common stock was listed on the BBSE without the Company’s consent or authorization. Remark did not authorize or direct any BBSE broker to act as a market maker for the company’s common stock.

Remark is working with its attorneys to cause the immediate cessation of trading and delisting of its common stock from the BBSE and will explore all appropriate legal remedies available to the Company.

Remark_LogoLOGO

About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes.  The company’s easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas.  The company also owns and operates digital media properties that deliver relevant, dynamic content and ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company’s website at www.remarkholdings.com.

Company Contact:

Kai-Shing Tao
Remark Holdings, Inc.
stao@remarkholdings.com
702-701-9514

Investor Relations Contact:

Colton Krueger
The Plunkett Group, Inc.
Colton@ThePlunkettGroup.com
210-602-4078

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SOURCE Remark Holdings, Inc.

Touro University Worldwide MBA Program with Concentration in Artificial Intelligence Management

LOS ALAMITOS, Calif., July 31, 2018 /PRNewswire-PRWeb/ — Touro University Worldwide (TUW) has announced the addition of a new concentration in Artificial Intelligence Management to their Master of Business Administration.

This degree is designed to prepare students to fill an increasing demand for leaders in the arena of Artificial Intelligence, by teaching students the necessary skills, competencies and specific organizational and managerial implications of AI on the business strategy and management, the challenges of delivering AI technologies, and the steps executives need to take to develop a strategy for their company.

The Master of Business Administration (MBA) Program at TUW can be completed in one year as a full-time student. The Master of Business Administration (MBA) develops and teaches business concepts, and hones vision and skills of working professionals to become future leaders, managers and visionaries in a variety of organizational settings.

Speaking on what this degree means for the university and its students, TUW Chancellor and CEO Dr. Yoram Neumann said, “We’re excited to be able to offer this concentration to our students and are sure it is already positioned to be another way in which TUW can provide value to the community by preparing our graduates to tackle real-world challenges. There is a lot of opportunity available right now in Artificial Intelligence, and the careers available are not only well-paying, but well-rewarding. We’re proud to be able to offer that preparation through our Master of Business Administration degree with Concentration in Artificial Intelligence Management.

Enrollment for TUW’s Master of Business Administration, which is offered through the School of Business, is now open to interested, qualified students.

About Touro University Worldwide
Touro University Worldwide is a nonprofit institution of higher learning that offers a variety of online degree programs in business, psychology and health and human services at the bachelor’s, master’s, and doctoral levels. TUW serves a global community of students and alumni from all over the world, using a proprietary online learning platform. TUW is accredited by the WASC Senior College and University Commission and is part of the Touro College and University System, a system of Jewish-sponsored nonprofit higher and professional education institutions. To learn more, please visit http://www.tuw.edu/.

 

SOURCE Touro University Worldwide

Healthhope ego 2.0 System Realizes Holistic Upgrade – A New Era of AI+ Health and Medical Treatment

BEIJING, July 31, 2018 /PRNewswire/ — On July 24, Beijing Healthhope Technology Co., Ltd. (hereinafter referred to as “Healthhope”) held “Technology Guides Health – 2018 Healthhope Product Launch Conference”, which introduced the ego 2.0 system, three platforms and the cutting-edge-technology product – Laughing Intelligent Health Cup. In particular, the ego 2.0 system is the most important part of the launch. The ego system is an AI health and medical treatment intelligence network that has been developed by Healthhope independently. Based on AI core technology, special theories about health and medical treatment as well as supporting knowledge systems, it provides underlying support for Healthhope products, including platforms, systems, hardware, content and solutions.

The ego 2.0 system introduced at the conference extends to medical treatment fields on the basis of the 1.0 system, deepens into disease control, and realizes an enclosed loop that integrates seven parts, respectively “diagnosis guide, diagnosis inquiry, detection, diagnosis, treatment, execution and follow-up visit” and covers the entire three stages, respectively pre-consulting, mid-treatment and post-rehabilitation”. At present, there are 24 types of core technology, covering 80% of AI technology. For example, in terms of knowledge mapping domain, ego 2.0 systems have completed such key technology as relation extraction, data disambiguation and data integration, and realize construction of knowledge mapping in terms of health and disease. In addition, the health and medical treatment knowledge repository has expanded to 1 million, and the sports repository, which covers all sports forms and rehabilitation, has exceeded 2,400. On the basis of the combination of the ego 2.0 system and health and medical treatment scenarios, Healthhope also launched three platforms: an open health and medical treatment AI technology platform, Health AI; a health and medical treatment robot, Health RT; and health and medical treatment mixed reality, Health MR.

From the layer of application, the ego 2.0 system has multiple outstanding points.

First of all, in terms of diagnosis guide, the ego 2.0 system is able to provide an intelligent and precise diagnosis guide function based on the knowledge mapping established by the knowledge repository on the basis of disease, symptom, hospital, department and experts. In terms of diagnosis inquiry, depending on the mapping knowledge of Chinese and western disease symptoms, symptoms as explained by patient are translated into standard medical terms, as an effective tool to improve efficiency of diagnosis inquiry. In terms of detection, the system is able to provide gene detection and analysis, intestinal detection and analysis. In terms of diagnosis, based on a machine vision in-depth learning algorithm, the ego 2.0 system is able to realize face and tongue diagnosis, and provide Chinese and western medical treatment assistance. In terms of treatment, the ego 2.0 system is able to provide medicine use instructions and MR-aiding operation solutions. In terms of execution, the ego 2.0 system provides modules, including health records, prescription recognition, rehabilitation training, disease Q&A and psychological consulting. In terms of follow-up visit, a man-machine interactive follow-up visit is realized via NLP technology. The ego 2.0 system supports scale inquiry, symptom inquiry and so on.

Healthhope is devoted to technological innovation of artificial intelligence in the field of health and medical treatment, automation, natural language processing, mapping knowledge and other artificial intelligence technology, and offers diverse products and services based on health and medical treatment abilities. Healthhope once issued the ego 1.0 system pertinent to precise health management. The ego 1.0 system has completed an enclosed loop of health management by covering five parts – health assessment, health report, health solution, proposal execution and feedback. To the present, the application module in each procedure has been extensively embedded in intelligence scenarios. As an innovative product that successfully applies artificial intelligence in health management, the ego 1.0 system obtained “2017 Technological Innovation & Intelligence Product in Artificial Intelligence Domain”. The ego 2.0 system hopes to emulate its predecessor.

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SOURCE Healthhope

Labelbox Raises $3.9M in Seed Funding Led by Kleiner Perkins to Advance its Platform for Adapting and Training Artificial Intelligence in the Enterprise

SAN FRANCISCO, July 31, 2018 /PRNewswire/ — Labelbox, a data labeling platform for enterprises to easily train expert machine learning applications, today announced that it has raised $3.9 million in Seed financing, led by Kleiner Perkins with participation from First Round Capital and Google’s new AI fund, Gradient Ventures. The funding will be used to accelerate the development of its technology platform for building and maintaining in-house machine learning infrastructure, and to further expand Labelbox’s go-to-market strategy.

With Labelbox, founders Manu Sharma, Ysiad Ferreiras, Daniel Rasmuson, and Brian Rieger set out to create a visual workflow interface and system of record for the data labeling process, which is still largely carried about by humans and is costly in terms of time and dollars. The founders experienced firsthand the pain of trying to rely on developing and maintaining in-house tools that eased this process, and also the acceleration and benefits of having a really good one.

Labelbox’s interface provides users the ability to import new datasets, create and manage labeling tasks, and administer the way they are assigned to labelers. The product also includes quality control functionality and performance analytics. Labelbox’s performance analytics dashboard helps customers identify high and low performing labelers, and compare sources of labor against one another to choose the optimal provider.

“The continued adoption of artificial intelligence applications in the enterprise is driving increasing demand for the creation of large, labeled data sets necessary to train them,” said Ilya Fushman, General Partner at Kleiner Perkins. “The team at Labelbox is fundamentally transforming how data-rich businesses can maintain quality and consistency in-house and when the labeling process is critical.”

“It’s our mission to power the next generation of products and services for enterprises to rapidly build artificial intelligence, while allowing them to maintain full control of their data,” said Manu Sharma, co-founder and CEO of Labelbox. We are thrilled to partner with the teams at Kleiner Perkins, First Round, and Gradient to streamline the challenges of crafting and scaling a well-orchestrated labeling process.”

This includes automation of tasks where possible, sophisticated data versioning and metadata management, and feedback on the training process based on the output of the models a customer feeds its data into. Today, Labelbox is providing a more data-driven experience to its customers across the startup and enterprise ecosystem, including Conde Nast, Lytx and Genius Sports.

About Labelbox

Labelbox solves data annotation and management for enterprise with the most simple platform for organizations to create, manage, and use knowledge to rapidly build and deploy AI. Labelbox helps organizations accelerate their AI initiatives and focus on achieving their goals, instead of building in-house tools and infrastructure. Their customers include Condé Nast, Genius Sports, and Lytx.

Learn more, and explore the platform free, at labelbox.com.

About Kleiner Perkins

For five decades,  Kleiner Perkins has made history by partnering with some of the most ingenious and forward-thinking founders in technology and  life sciences. Through twenty venture funds and four growth funds we’ve invested $10 billion in hundreds of companies including pioneers such as Amazon, Genentech and Google. Today, Kleiner Perkins continues to help founders  and their bold ideas make history investing in companies like Desktop Metal, IronNet, Ring, Spotify, Slack, and UiPath.

For more information, visit www.kleinerperkins.com and follow us @kpcb.

 

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SOURCE Kleiner Perkins

Turing Reinvents the Smartphone with HubblePhone

HONG KONG, July 31, 2018 /PRNewswire/ — Turing today introduced HubblePhone™, a futuristic device with an advanced vision system and the perfect blending of four products – a revolutionary multi-screen smartphone, a 5G communication device, a professional grade camera with advanced image and HD video editing software, and a mobile gaming console – in a never-seen-before versatile handheld device. HubblePhone ushers in a new era of mobile computation to address the rise of artificial intelligence (A.I.), letting users control HubblePhone with their voice or via lip reading, which entirely reinvents how a smartphone will be utilized.

Foxconn + Turing

“The most natural way to control a device is with our voice. In noisy environment HubblePhone utilizes lip reading technology, revolutionizing how we interact with mobile devices,” said Syl Chao, CEO of Turing Space Industries. Turing has partnered with a number of leading smartphone manufacturers to develop, produce and deliver the HubblePhone from Turing.

HubblePhone is a Revolutionary Multi-Screen Smartphone
HubblePhone’s multi-dimensional screen and camera system allows users to make calls by simply saying a name or number with voice or by silently moving their lips. HubblePhone auto-syncs all of your vital information, including photos, contacts and emails from your current smartphone, PC, Mac or Cloud services via H-Sync™. In addition, Hubble M.I. automatically manages your most frequently used apps, calls, messages and securely stores vital information on the device’s secure storage.

HubblePhone includes an Artificial Reality (AfR) messaging application which allows users to send 3D animated messages projected into the recipient’s immediate physical surroundings. AfR Messenger allows 3D scanning of real world objects while Hubble M.I. transforms them into visually compelling, communication friendly 3D AfR stickers.

HubblePhone is a 5G NR Communication Device
HubblePhone features up to 50 percent faster data speed, compared to existing 4G networks thanks to 3GPP’s 5G NR standard. 5G NR allows HubblePhone users to download or stream 4K video content in a matter of seconds. Hubble Showis the world’s first mobile entertainment hub, which will host television shows and music videos that utilizes the HubblePhone’s Multi-screen API and 5G NR speed to deliver multi-dimensional entertainment programs displayed on one or more HubblePhone screens.

HubblePhone is a Professional Video and Photo Camera
HubblePhone features a micro-space-telescope camera with 15X optical zoom and a video editing software application that dwarfs any available on today’s smartphones. In addition, HubblePhone also hosts additional cameras across different screen surfaces to suit all types of mobile photography from professional quality portraits, action packed scenes to simple selfies.

HubblePhone is a Mobile Game Console
HubblePhone utilizes an emotional machine-intelligence chip to provide a next-gen mobile gaming experience. The added computation, multi-screens, and advanced camera features create a new dimension in mobile gaming by integrating AR, VR, MR, XR and AfR technologies into a cohesive experience.

Pricing & Availability
HubblePhone is targeting a Q1 2020 official worldwide release. It will be priced at $2,749 with availability in the US by June 2020, Europe by August 2020, China by September 2020, and the rest of the world by December 2020.

HubblePhone includes support for 5G NR, 4G LTE, 3G and GSM bands, powered by two of the SDM855 SoC and one SDX50 5G modem.

Learn More About HubblePhone
To learn more about HubblePhone, please visit Hubblephone.com

About Turing
Turing Space Industries (former Turing Robotic Industries) creates innovative hardware devices and software that harness the latest technology in machine intelligence, blockchain and advanced vision systems to meet the needs of consumers and organizations who will be depending on Turing to support their communication, business, entertainment and personal lives. Inspired by the work of pioneering computer scientist Alan Turing, Turing is reinventing the smartphone with cutting edge technologies. Turing Holdings is headquartered in Hong Kong, with its R&D divisions across North America, Europe and the APAC. To learn more, visit www.tsi.ai  

 

Home.Turing

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SOURCE Turing Space Industries

Quantiphi Enters into a Strategic Partnership with Dow Jones DNA

MARLBOROUGH, Mass., July 31, 2018 /PRNewswire-PRWeb/ — Quantiphi, Inc., a leading Artificial Intelligence and Machine Learning company, today announced that it has entered into a worldwide partnership with Dow Jones DNA (Data News and Analytics) platform.

Quantiphi will offer Machine learning capabilities to Dow Jones DNA customers to analyze complex, unstructured news data, and to further assess, track and gauge how real-world events can impact businesses.

“Quantiphi’s capabilities in Machine learning and natural language understanding are a strong fit for Dow Jones’ premium, machine-readable news data. Quantiphi has an enviable reputation for building solutions that enable clients to solve complex business problems using specialized datasets like Dow Jones DNA,” said Niranjan Thomas, General Manager, DNA Platform & Technology Partnerships, Dow Jones.

“This strategic partnership with Dow Jones DNA is a great opportunity for Quantiphi to reach a global customer base and showcase how next generation Artificial Intelligence technologies can unlock hidden value in news data, which has been unavailable using traditional methods” says Asif Hasan, co-founder of Quantiphi.

He further adds: “Quantiphi’s ML capabilities will provide Dow Jones DNA customers with the ability to perform signal analysis at scale, identify patterns and trends specific to business use-cases. The end result will be an intuitive, interactive, and visual platform for users.”

The strategic partnership between Dow Jones DNA and Quantiphi will extend into building advanced capabilities across a range of disciplines like life sciences, economic & social research and insurance, among other areas.

About Quantiphi
Quantiphi is a category defining Applied AI and Machine Learning software and services company focused on helping organizations translate the big promise of artificial intelligence and machine learning technologies into quantifiable business impact. It is founded on the belief that machine learning and artificial intelligence are transformative technologies that will create the next quantum gain in customer experience and unit economics of businesses. Quantiphi helps its clients find and capture hidden value from data through a unique blend of business acumen, machine learning, and intuitive information design.

 

SOURCE Quantiphi Inc

Pioneering Leaders in Adaptive and Personalized Learning Win $500,000 in New York University AI Competition

SAN FRANCISCO, July 31, 2018 /PRNewswire/ — New York University has announced Smart Sparrow as the winner of its first-ever Algorithm for Change competition, designed to surface new applications for artificial intelligence and machine learning in education. In partnership with ACTNext by ACT and Arizona State University, Smart Sparrow was awarded the top prize for Foundations of Science, a set of instructor-facing courseware tools that will leverage machine learning and artificial intelligence to support students struggling in college-level science courses.

NYU’s Center for Social Entrepreneurship solicited submissions for artificial intelligence (AI), machine learning (ML), and augmented reality (AR) solutions that help low income, underrepresented minority, and first-generation students get to and through college. Smart Sparrow was selected from a group 70 submissions, and then joined nine finalists to pitch their ideas before a panel of judges at New York University.

“We’re honored to have won the competition. Using Smart Sparrow’s learning design platform, instructors and designers have already seen great success improving student outcomes in science courses — for all students, but especially for low income, underrepresented minority, and first-generation students,” said Jacqui Hayes, Director of Studio Innovation at Smart Sparrow. “We believe that we can go further still, powering additional scaffolding and adaptivity through machine learning and artificial intelligence.”

Only 11% of low income, underrepresented minority, or first-generation students meet the ACT Benchmark in Science, putting them at risk of not succeeding in introductory college courses.  Foundations of Science will be a series of introductory science courseware products that focus on teaching science through interesting narratives and case studies, while providing the necessary scaffolding and support so underprepared students to get the remediation they need in the earliest possible phase of their postsecondary education. The products will incorporate machine learning and artificial intelligence to detect when students are struggling with foundation concepts or skills and recommend just-in-time interventions.

Leveraging over a decade of industry and edtech innovation, the Smart Sparrow Learning Design Studio teamed up with AI and ML experts from ACTNext by ACT, the learning innovation arm of the nonprofit organization known chiefly for its college readiness exam, and award-winning science educators from the Center through Education for Exploration at Arizona State University.

“Smart courses, which adapt in response to student behavior and provide instructors with valuable, real-time insights on skill gaps and engagement drop-offs, have an incredible potential to help more student graduate faster,” said Dr. Saad M. Khan, Director of AI and Machine Learning at ACTNext. “Foundations of Science is designed to leverage AI and machine learning to help more at-risk learners successfully complete their academic journeys.”

About Smart Sparrow
Smart Sparrow is a learning design platform for next-generation courseware. It allows any educator to create amazingly engaging and adaptive learning experiences and then continuously improve them using learner analytics. Students are better supported and more motivated to succeed. Smart Sparrow believes in designing tools that support great teaching and put faculty first to unlock the potential of adaptive learning. Learn more: www.smartsparrow.com

About ACTNext
ACT is a mission-driven, nonprofit organization dedicated to helping people achieve education and workplace success. Founded in 2016, ACTNext is a multidisciplinary innovation unit established by ACT CEO Martin Roorda and led by Senior Vice President Alina von Davier. The group comprises experts in fields ranging from psychometrics and learning sciences to software development, AI & Machine Learning, and data visualization. They operate at the forefront of Computational Psychometrics, a theory and data driven methodology blending the analytical tools of the new millennium with cutting edge work in psychometric research. This unique approach allows them to not only develop innovative solutions to challenging problems and change the very ways in which assessment is traditionally thought of. Together, ACTNext and ACT are working to provide learners with tools and experiences that are more than integrated, personalized, and adaptive; they’re working to make them transformational. Learn more: www.actnext.org

About ASU Center for Education Through Exploration
Arizona State University has developed a new model for the American Research University, creating an institution that is committed to access, excellence and impact. The ETX Center at ASU aim to change the practice of teaching and learning by articulating and advancing a new philosophy: teaching through exploration of the unknown rather than through mastery of what is known. We call this philosophy “Education Through eXploration” – or ETX.  To promote ETX, they develop and deploy digital learning products and platforms that are engaging, adaptive, and transdisciplinary, to educate-through-exploration effectively and at scale. Learn more: etx.asu.edu

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SOURCE Smart Sparrow

PlanSource Eclipse 2018 Blasts Off with a Mission to Simplify the Benefits Experience

HALF MOON BAY, Calif., July 31, 2018 /PRNewswire/ — PlanSource, a leading provider of cloud-based benefits administration technology, kicked off the first full day of Eclipse 2018 today, the company’s annual benefits and HR conference. Set at the Ritz-Carlton Half Moon Bay, Eclipse 2018 features dozens of information-rich sessions, speakers with vast industry expertise and evening events that embrace the breathtaking venue and coastal setting.

PlanSource, www.plansource.com (PRNewsfoto/PlanSource)

In his opening keynote address, PlanSource CEO Dayne Williams announced several new product enhancements and services designed to simplify how companies manage their benefits. Chief among these was the unveiling of a new HR user experience and a self-service renewal tool, which simplifies the annual renewal process and gives HR teams much more control over how they set up, configure and implement their employee benefits plans.

“The benefits industry is incredibly complex,” said Dayne Williams, speaking before a standing-room-only crowd of more than 350 attendees. “As leaders in the HR and benefits community, we have an obligation to provide clarity: to help HR teams work more efficiently and get the most out of technology, to simplify complicated processes and to educate employees so they can make better benefits choices for themselves and their families.”

Eclipse 2018 Highlights
Rob O’Neill, retired Navy SEAL team leader who served during some of the most challenging military operations of modern times, delivered the second keynote of the day. O’Neill shared what he learned during his more than 400 combat missions, and how those lessons can be applied in the workplace. He shared his views on the ingredients to a successful mission: the right people, preparedness, decision making under pressure, and, above all, a commitment to never quitting.

Rob O’Neill is joined at Eclipse by numerous speakers and industry experts, including Amanda Lannert, CEO of Jellyvision, Anne Burkett, national practice leader at USI, Janine Truitt, chief innovations officer at Talent Think Innovations, Laurie Ruettimann, founder of LFR LLC, Mark Rieder, SVP of HR technology at NFP, Mark Stelzner, founder of IA HR and Meredith Ryan-Reid, senior vice president of group benefits at MetLife.

“Running HR and benefits has become consistently more difficult, as employees are more tech savvy and expect their experience at work to match what they’ve grown used to as consumers,” said Mark Stelzner, who will present at the closing session of Eclipse. “HR teams don’t have a choice — it’s time to catch up, and Eclipse provides an excellent forum to come together and learn methods necessary to enable and extend the digitization of HR.”

Announcements made at Eclipse
PlanSource Product & Infrastructure Innovations

  • New HR Experience – the PlanSource benefits administration experience for HR Teams is being redesigned to streamline common tasks, consolidate information and create a modern workflow. The new experience will be rolled out in phases starting in December 2018 and running through 2019, giving users the opportunity to gradually become accustomed to the new design and provide feedback.
  • Self-Service Renewal – launching to select customers Q4 2018, this new tool builds on years of research and uses smart defaults, artificial intelligence and data-driven metrics from the PlanSource system to drastically simplify the annual renewal process for HR Teams.
  • Jellyvision – new integration with Jellyvision’s ALEX, a personalized, virtual decision support tool, guides employees through the PlanSource benefits shopping and enrollment process. Read more.
  • Developer Portal –a central hub for technical documentation and guidance for building new integrations and connecting to existing ones though PlanSource APIs and integrations.
  • New Contact Center System – award-winning technology implemented to deliver a seamless customer experience with employees via email, chat and phone.

Insurance Carrier Updates

  • MetLife Freedom Plan – a program for select brokers that provides unparalleled savings and freedom from administrative burdens for companies that use PlanSource benefits software and offer MetLife insurance products to their employees.
  • Aflac Ease – an end-to-end voluntary benefits solution that combines software and services from PlanSource with Aflac’s world-renowned insurance products.
  • Cigna Dental – dental insurance products from Cigna are now available through the PlanSource Advantage program, a strategic partnership program between PlanSource and select insurance carriers.
  • New PlanSource Advantage partners – several insurance carriers joined the partner program, including: Liberty Mutual, Mutual of Omaha and Voya

“Our goal with Eclipse is to create an experience that attendees can’t get at any other conference,” said Nancy Sansom, chief commercial officer of PlanSource. “We’ve focused on providing a unique mix of tailored, fast-paced content delivered by insightful speakers and ample networking opportunities at a spectacular venue. We want our attendees to come away feeling invigorated, informed and inspired with new ideas that will make a big impact on their business and those they serve.” 

For more information about Eclipse 2018, visit www.plansource.com/eclipse and follow the event on social media at #PSEclipse.

About PlanSource
PlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. Nearly 3.5 million consumers receive their benefits through the PlanSource platform, which provides flexible and intuitive software and services for benefits administration and human capital management. By combining industry-leading software and a full suite of professional services, PlanSource provides companies of all sizes with a complete solution for benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.

PlanSource is a registered trademark of PlanSource, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.

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SOURCE PlanSource

Quorum Software Recognized as a 2018 HFS Hot Vendor by Top Global Research Firm

According to HFS, ‘Quorum is a rather compelling case of a transformation that many service provers are trying to emulate’  

HOUSTON, July 31, 2018 /PRNewswire/ — Quorum Software, the leader in digital transformation for the oil and gas industry, today announced it has been named a Hot Vendor by the global research firm, HFS Research. The report, titled “The HFS Hot Vendors Q2 2018,” designated five vendors, including Quorum, for a period of one year from Q2 2018 – Q2 2019.

(PRNewsfoto/Quorum)

The group of vendors was selected based on HFS’ rigorous criteria which evaluates the distinctiveness of the vendors’ offerings, their ecosystem robustness, client impact, financial position, and the impact in their Digital OneOffice Framework.

“We’re thrilled to join the exclusive group of vendors that HFS has recognized in their latest Hot Vendor Report,” said Olivier Thierry, Quorum CMO. “In an industry that is seeking to redefine operating models, Quorum is focused on empowering oil and gas companies to solve problems and meet their long-term goals through digital transformation and the modern energy workplace.”

“Quorum has made a remarkable transformation over the last couple of years. A transition from services-focused to a software dominant company – a shift many service providers are aiming for; creating non-linear growth and on-demand As-a-Service delivery. This is particularly relevant in the oil and gas industry, known for its cyclical nature,” said Derek Erbé, Research VP, Supply Chain, Procurement and Energy at HFS Research. “What makes Quorum a Hot Vendor for HFS is its energy-industry focus and expertise, platform-based services that tackle tough industry problems, dedication to innovation, value propositions that fit different players in the North American energy landscape, and successful recent transformation.”

According to HFS: “Quorum is a rather compelling case of a transformation that many service providers are trying to emulate. … Quorum provides a good story of non-linear growth, implementing a new business model.”

The report concludes, “Quorum pivoted from being services dominant to being software dominant. It focuses on recurring, subscription-based revenue instead of consulting-based revenue. This is a pivot many services providers are looking to make in their quests for non-linear growth (i.e., revenue that is not related to FTEs), investing instead in platform plays. Quorum is not a startup by any measure, but its energy-industry focus, platform-based services that tackle tough industry problems, dedication to innovation, value propositions that fit different players in the North American energy landscape, and recent transformation make it a Hot Vendor for HFS.”

The HFS Hot Vendor designation will remain in place through the end of Q2 2019 (a period of one year).

Download a free copy of “The HFS Hot Vendors Q2 2018” here.

About Quorum Software
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all natural gas processed in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we’re helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.

About HFS Research 
HFS’ mission is to provide visionary insight into the major innovations impacting business operations: automation, artificial intelligence, blockchain, digital business models and smart analytics.

We focus on the future of operations across key industries. We influence the strategies of enterprise customers to develop operational backbones to stay competitive and partner with capable services providers, technology suppliers, and third-party advisors.

For media inquiries in the U.S., contact Edelman Houston at 713-377-6438, Genevieve.Shoemaker@edelman.com.

For media inquiries in Canada, contact Edelman Calgary at 403-471-1284, Kelsey.Marklund@edelman.com.

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SOURCE Quorum

Mobile Artificial Intelligence (AI) Market Worth $17.83 Billion by 2023

PUNE, India, July 31, 2018 /PRNewswire/ —

According to the new market research report “Mobile Artificial Intelligence (AI) Market by Application (Smartphones, Cameras, Drones, Automotive, AR/VR, Robotics, Smart Boards, and PCS), Technology Node (10nm, 20 to 28nm, 7nm and Others), and Geography – Global Forecast to 2023”, published by MarketsandMarkets™, the market is expected to reach USD 17.83 billion by 2023 from USD 5.11 billion in 2018, at a CAGR of 28.41% during the forecast period. The growth of the mobile AI market can be attributed to the increasing demand for AI-capable processors for use in mobile devices, rise in cognitive computing, and growing number of AI applications. Moreover, dedicated low-cost AI chips for camera and vision applications in mobile devices and rising demand for edge computing in IoT are creating huge growth opportunities for players in the market.

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Browse 46 market data Tables and 35 Figures spread through 119 Pages and in-depth TOC on Mobile Artificial Intelligence (AI) Market – Global Forecast to 2023

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Mobile AI market for smartphone applications to register largest shipment in 2018 

Increasing demand for real-time speech and voice recognition and analysis, along with technical advancements in smartphone image recognition, is driving the growth of the market for AI processors for smartphones. On-device AI uses dedicated AI chipsets that will become prominent in all flagship smartphones in the near future. It is expected that the use of dedicated AI chips in smartphones will increase substantially by 2023, and these chips will be available in most smartphones sold in the coming years. All these factors are contributing to the growth of the mobile AI market for smartphone applications.

Mobile AI market for 2028nm technology nodes to grow at highest rate during forecast period 

The market for drones, robotics, and surveillance cameras, in which vision processing units are used, is likely to grow at a significant rate in the near future. Processors such as VPU Jetson and S32V234 are built upon 20-28nm technology nodes. These processors are used in an array of applications, including ADAS, drones, robotics, security cameras, and AR/VR headsets. Increasing participation of various automotive and IT giants to develop autonomous cars is propelling the growth of the mobile AI market for autonomous driving.

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APAC to hold largest size of mobile AI market by 2023 

APAC is becoming the center of attraction for major investments as it holds significant business expansion opportunities. Various AI processor start-ups in China are raising funds to grow in the mobile AI market. For example, ThinkForce (China) raised around USD 68 million, and DeePhi (China) raised around USD 40 million. Along with this, increasing government spending to boost the AI network in China is expected to further contribute to market growth during the forecast period.

Major players in the mobile AI market are Huawei (China), Samsung Electronics (South Korea), Qualcomm (US), Intel (US), NVIDIA (US), Apple (US), IBM (US), Microsoft (US), MediaTek (Taiwan), and Google (US).

Know more about the Mobile Artificial Intelligence (AI) Market: 

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