RenalytixAI Announces Launch of Global Offering and Application to List on the Nasdaq Global Market

NEW YORK, July 13, 2020 /PRNewswire/ — Renalytix AI plc (LSE: RENX), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and lower healthcare costs, today announced the commencement of an underwritten offering of 11,000,000 of its ordinary shares, which includes a registered public offering of ordinary shares in the form of American Depositary Shares (“ADSs“), each representing two ordinary shares, in the United States and a concurrent private placement of ordinary shares in Europe and other countries outside of the United States (together, the “Global Offering“). In addition, RenalytixAI intends to grant the underwriters a 30-day option to purchase additional ADSs in an aggregate amount of up to 15% of the total number of ADSs proposed to be sold in the Global Offering. Investors other than qualified investors under applicable law will not be eligible to participate in the ordinary share private placement. All ADSs and ordinary shares to be sold in the Global Offering will be sold by RenalytixAI.

RenalytixAI has applied to have its ADSs listed on the Nasdaq Global Market (“Nasdaq“) under the symbol “RNLX”. RenalytixAI’s ordinary shares are admitted to trading on the AIM market of London Stock Exchange plc (“AIM“) under the symbol “RENX”. Application will be made for the new ordinary shares to be issued at the closing of the Global Offering to be admitted to trading on AIM. The Company will maintain its AIM listing alongside the Nasdaq dual-listing.

J.P. Morgan and Stifel are acting as joint global coordinators and joint book-running managers for the Global Offering.

The Global Offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to and describing the terms of the Global Offering may be obtained from the offices of J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at +1 (866) 803-9204, or by e-mail at prospectus-eq_fi@jpmchase.com or from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at +1 (415) 364-2720 or by email at syndprospectus@stifel.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

For further information, please contact:

Renalytix AI plc 

www.renalytixai.com

James McCullough, CEO

Via Walbrook PR

Stifel (Nominated Adviser, Joint Global Coordinator and Joint Bookrunner)

Tel: 020 7710 7600

Alex Price / Nicholas Moore 

Walbrook PR Limited

Tel: 020 7933 8780 or renalytix@walbrookpr.com

Paul McManus / Lianne Cawthorne

Mob: 07980 541 893 / 07584 391 303

The person responsible for arranging the release of this announcement on behalf of the Company is James McCullough, CEO of Renalytix AI plc.

Forward-Looking Statements
Certain statements made in this press release are forward-looking statements including with respect to the Global Offering and the creation of a trading market for ADSs representing the Company’s ordinary shares in the United States. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including if the Company’s registration statement is not declared effective by the SEC, if Nasdaq fails to approve the Company’s ADS listing application or if there are adverse market or economic conditions. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this press release. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

For readers in the European Economic Area (“EEA”) and the United Kingdom
In any EEA member state and the United Kingdom, this communication is only addressed to and directed at qualified investors in that member state and the United Kingdom within the meaning of the Prospectus Regulation. The term “Prospectus Regulation” means Regulation (EU) 2017/1129.

For readers in the United Kingdom
There will be no offer of ADSs or ordinary shares to the public in the United Kingdom.

This communication, in so far as it constitutes an invitation or inducement to enter into investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 as amended (“FSMA”)) in connection with the securities which are the subject of the offering described in this press release or otherwise, is being directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments who fall within Article 19(5) (“Investment professionals”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) certain high value persons and entities who fall within Article 49(2)(a) to (d) (“High net worth companies, unincorporated associations etc.”) of the Order; or (iv) any other person to whom it may lawfully be communicated (all such persons in (i) to (iv) together being referred to as “relevant persons”). The ADSs or ordinary shares offered in the Global Offering are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such ADSs or ordinary shares will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This communication does not contain an offer or constitute any part of an offer to the public within the meaning of sections 85 and 102B of FSMA or otherwise.

This announcement contains inside information.

Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

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SOURCE RenalytixAI

New Report from Corinium and FICO Signals Increased Demand for Artificial Intelligence in the Age of COVID-19

SAN JOSE, Calif., July 13, 2020 /PRNewswire/ — Highlights:

  • FICO and Corinium today released a new report that has found the demand for AI, data, and digital tools has soared in the wake of the COVID-19 pandemic
  • The Building AI-Driven Enterprises in a Disrupted Environment report surveyed more than 100 c-level data and analytic executives and conducted in-depth interviews to understand how organizations are developing and deploying AI capabilities
  • 93 percent of respondents said that ethical considerations represented a barrier to AI adoption within their organizations

Today, FICO, a global analytics software firm, released  a new report from the market intelligence firm Corinium that found the demand for artificial intelligence (AI), data, and digital tools is soaring as the COVID-19 pandemic continues to put a strain on many enterprises.  

Conducted by Corinium and sponsored by FICO, the report – Building AI-Driven Enterprises in a Disrupted Environment – surveyed more than 100 c-level analytic and data executives and conducted in-depth interviews to understand how organizations are developing and deploying AI capabilities.  The study found that the uncertainties caused by the pandemic have forced many organizations to adopt a more committed, disciplined approach to becoming an AI-driven enterprise, with more than half (57 percent) of the chief data and analytics officers saying that COVID-19 has increased demand for AI, digital products and tools. 

Enterprises are seeking new AI-driven ways to mitigate risks and navigate through uncharted territories in the current economic environment. The report reveals the central role AI has in shaping the future as global markets work through and begin to recover from COVID-19; as well as how to mitigate future risk and disruption going forward.

Some key findings include:

Organizations Rally to Add AI Capacity
Most data-driven enterprises are now aggressively investing in their AI capabilities, in fact 63 percent of respondents have started scaling AI capacity within their organization. However, enterprise chief data and chief analytics officers are facing a wide range of challenges as they increasingly look to grow AI. 93 percent say ethical considerations represent a barrier to AI adoption. Other barriers identified include:

  • Building a team with the right skill set (66 percent)
  • Integrating new technology with legacy systems (62 percent)
  • Regulatory and compliance risks (60 percent)

Ethical and Responsible AI
More than 93 percent of respondents said that ethical considerations represented a barrier to AI adoption within their organizations. However, as pointed out in the report, “ensuring AI is used responsibly and ethically in business context is a huge, but critical task.”

Half of survey respondents said they have strong model governance and management rules in place to support ethical AI usage, making this the most common approach to tackling the challenge. However, more work is needed to ensure ethical AI usage as 67 percent of AI leaders don’t monitor their models to ensure their continued accuracy and ethical treatment.

“Being ethical is not being blind to what’s in the model,” said Dr. Scott Zoldi, chief analytics officer, FICO. “Organizations need to ensure that AI is designed robustly and is explainable, transparent, built ethically and governed by auditable, recorded development process that is referenced as data shifts over time.”

When asked which business areas are pushing for greater AI responsibility with an organization, data and analytics leader said:

  • Board of directors (60 percent)
  • Data, analytics and AI (53 percent)
  • Legal or compliance (52 percent)

AI Enables Post-COVID Competitive Advantage
From better customer experiences and reducing financial crime to automating business processes and improving risk management, respondents believe AI will help their organizations secure a competitive advantage.

A complete copy of the FICO sponsored report, Building AI-Driven Enterprises in a Disrupted Environment, can be downloaded here.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at http://www.fico.com.

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/.

For FICO news and media resources, visit www.fico.com/news.

FICO is a registered trademark of Fair Isaac Corporation in the United States and in other countries.

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SOURCE FICO

Verizon Powers Intuitive Customer Experiences with Google Cloud

SUNNYVALE, Calif. and NEW YORK, July 13, 2020 /PRNewswire/ — Verizon customers in search of support may soon find a more natural and streamlined digital experience, thanks to a new collaboration with Google Cloud. What they won’t see behind this experience is the conversational artificial intelligence (AI) that can help customer care agents respond to customer queries, as well as assist consumers directly.

With the Google Cloud Contact Center AI solution, Verizon continues to develop rich digital experiences and to offer customers the ability to drive the conversation. Tapping into enhanced natural language recognition technologies, coupled with faster processing and real-time access to customer insights and product information, Verizon helps customers quickly find the answers to their questions while enabling agents to better assist with customer requests.

The technology will help empower shorter call times, quicker resolutions, and improved outcomes for customer satisfaction, and it will allow Verizon to achieve those goals more quickly. Whether through voice call or chat, customers will not need to go through menu prompts or option trees; they simply say or type their request, and the natural-language recognition feature finds the best way to assist them. No stilted speech or robot-like commands.

For live agent requests, the Contact Center AI Agent Assist feature offers Verizon’s customer care agents a real-time digital assistant that fetches relevant articles within the knowledge base, and then recommends personalized responses to agents at each turn of the conversation, assisting the care agents in effectively answering customer questions and addressing any issues.

The machine learning (ML) model that powers the solution learns from millions of anonymized historical support logs about the type of questions customers ask and how they phrase their questions. It is constantly learning and evolving as new offers change or expand.

“Verizon’s commitment to innovation extends to all aspects of the customer experience,” said Shankar Arumugavelu, global CIO and SVP, Verizon. “These customer service enhancements, powered by the Verizon collaboration with Google Cloud, offer a faster and more personalized digital experience for our customers while empowering our customer support agents to provide a higher level of service.”

“We’re proud to work with Verizon to help enable its digital transformation strategy,” said Thomas Kurian, CEO of Google Cloud. “By helping Verizon reimagine the customer experience through our AI and ML expertise, we can create an experience that not only delights consumers, but also helps differentiate Verizon in the market.”

Useful links:
https://cloud.google.com/solutions/contact-center/

About Verizon Communications Inc.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. 

About Google Cloud
Google Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google’s cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems.

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SOURCE Google Cloud

Danel Capital Introduces New Stock Analytics Platform, Powered by AI and Big Data

BARCELONA, Spain, July 13, 2020 /PRNewswire-PRWeb/ — Danel Capital, an European pioneering company using Artificial Intelligence and Big Data technology to improve portfolio management, announces the immediate availability of its AI powered stock analytics platform, Danel AI Score App.

Danel AI Score App is a solution that brings a qualitative leap in the process of analysis and selection of securities. After more than four years of research and development, the application’s Machine Learning algorithms offer different predictive scores for all the stocks in the S&P 500 and the STOXX 600 indexes. Danel AI Score App’s analysis and ratings help to identify the best companies within an index.

The behavior of prices of equities in financial markets and the complexity of the interrelation of the different indicators that make up those prices, constitute an analytical challenge that is difficult to tackle for traditional stock analysis models. It is in this context where Danel Capital’s Artificial Intelligence models are able to identify patterns of behavior, processing all the information available in the market: fundamental, technical, market sentiment and alternative data.

Danel AI Score App provides a predictive global score for each company on the STOXX 600 and S&P 500 indexes. This score is the Smart Score, which takes daily into account all the available market data for that specific stock. Scores by indicator type (fundamental, technical and sentiment) are also shown separately.

“The value proposition of Danel AI Score App is that Artificial Intelligence’s unique analytical capabilities are perfectly applicable to traditional portfolio management,” said José Luis Álvarez, Board member and CIO at Danel Capital. “The many functionalities, the different levels of information provided, and the traceability of the results of our solution, avoiding the ‘black box’ effect, make it adaptable to different asset management styles and to different levels of maturity in the adoption of Machine Learning technology.”

“With Danel AI Score App, we fulfilled our company strategy of allowing asset managers to access the power of Artificial Intelligence in a simple and traceable way, from an easy-to-use application,” said Tomás Diago, Founder and CEO of Danel Capital.

More info about Danel AI Score App

Watch the Danel AI Score App video: https://youtu.be/8oBen0EZ2TM
Request a 30-day Free Trial Version: https://try.danelcapital.com/danel-ai-score-app-free-trial-us-pr/

About Danel Capital

Danel Capital is a pioneering European company that uses Artificial Intelligence and Big Data to improve asset management decision-making. Founded in 2016 by award-winning technological entrepreneur Tomás Diago, it has focused on technological research and development applied to equity investment management. Danel Capital advises investment funds and offers stock analytics solutions and services, which allow managers to improve the selection of stocks and the optimization of their portfolios.

 

SOURCE Danel Capital

Standard Chartered and Universities Space Research Association join forces on Quantum Computing

LONDON and MOUNTAIN VIEW, Calif., July 13, 2020 /PRNewswire/ — Standard Chartered Bank and Universities Space Research Association (USRA) have signed a Collaborative Research Agreement to partner on quantum computing research and developing quantum computing applications.

In finance, the most promising use cases with real-world applications include quantum machine learning models (generating synthetic data and data anonymisation) and discriminative models (building strong classifiers and predictors) with multiple potential uses such as credit scoring and generating trading signals. As quantum computing technology matures, clients should benefit from higher quality services such as faster execution, better risk management and the development of new financial products.

Kahina Van Dyke, Global Head of Digital Channels and Client Data Analytics at Standard Chartered, said: “Similar to other major technological advancements, quantum computing is set to bring widespread benefits as well as disrupt many existing business processes. This is why it’s important for companies to future-proof themselves by adopting this new technology from an early stage. The partnership with USRA gives us access to world-class academic researchers and provides us with a unique opportunity to explore a wide range of models and algorithms with the potential to establish quantum advantage for the real-world use cases.”

Bernie Seery, Senior VP of Technology at USRA noted that “This partnership with the private sector enables a diversity of research through a competitively selected portfolio of quantum computing research projects involving academic institutions and non-profits, growing an ecosystem for quantum artificial intelligence that has already involved over 150 researchers from more than 40 organizations that produced over 50 peer-reviewed publications over the last seven years.”

Alex Manson, Global Head of SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, stated: “The world is currently in the process of identifying commercial use cases where quantum computer capabilities will surpass classical computers. We have a conviction that some of these use cases will transform the way we manage risks in financial services, for example by simulating portfolios and exponentially speeding up the generation of market data. We will work with USRA to identify such use cases in financial services, with a view to implementing them within our bank, as well as potentially offering this service to other market participants over time.”

Mark Johnson, Vice President, Processor Design, Development and Quantum Products at D-Wave said: “Quantum computing research and development are poised to have a profound impact on the industries responsible for solving today’s most complex problems. That’s why researchers and businesses alike are looking to quantum computing today to start demonstrating tangible value. We’re proud to work with USRA and Standard Chartered Bank as they improve global access to quantum systems and undertake essential research and development.” 

At USRA’s Research Institute for Advanced Computer Science, Dr. Davide Venturelli, Associate Director for Quantum Computing, notes that quantum annealing is implementing a powerful approach to computing, featuring unique advantages with respect to other traditional and novel approaches, that should be studied, theoretically and experimentally, to advance the state of art of computing technologies for the benefit of nearly all disciplines.

Standard Chartered’s team, led by Dr. Alexei Kondratyev, Global Head of Data Science and Innovation, and USRA have collaborated in quantum computing research since 2017. An earlier success in investigating the quantum annealing approach to computational problems in portfolio optimisation use cases led to this strategic partnership, where USRA will continue to support fundamental academic research in quantum physics and artificial intelligence and Standard Chartered will focus on future commercial applications.

In 2012, USRA partnered with NASA to found the Quantum Artificial Intelligence Laboratory (QuAIL): the space agency’s hub to evaluate the near-term impact of quantum technologies. With QuAIL, the USRA team has investigated the physics, the engineering and the performance of multiple generations of quantum annealing processors built by D-Wave Systems, as well as participating in U.S. government research programs that looked into application of quantum annealing for combinatorial optimization, aviation, earth science and machine learning. NASA Ames Research Center is currently hosting a D-Wave 2000Q annealing system that will be made available for free for research by U.S. Universities, thanks to the support of this partnership.

Standard Chartered and USRA intend to develop this initial collaboration beyond quantum annealing to all unconventional computing systems that could provide an advantage to applications of interest, such as gate-model noisy-intermediate scale quantum (NISQ) processors and Coherent Ising machines.

For more information, contact:
Standard Chartered: Group Media Relations Contact: Shaun Gamble, shaun.gamble@sc.com 
    Tel: +44 2078855934

USRA: PR Contact: Suraiya Farukhi, sfarukhi@usra.edu
    Technical Contact: David Bell, Dbell@usra.edu

About USRA

Founded in 1969, under the auspices of the National Academy of Sciences at the request of the U.S. Government, the Universities Space Research Association (USRA) is a nonprofit corporation chartered to advance space-related science, technology and engineering.  USRA operates scientific institutes and facilities, and conducts other major research and educational programs, under Federal funding.  USRA engages the university community and employs in-house scientific leadership, innovative research and development, and project management expertise. RIACS is a USRA department for research in fundamental and applied information sciences, leading projects on quantum computing funded by NASA, DARPA, the US Airforce and NSF.

More info at: https://riacs.usra.edu/quantum/  and www.usra.edu.

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on TwitterLinkedIn and Facebook.

Universities Space Research Association Logo (PRNewsfoto/Universities Space Research Ass)

 

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SOURCE Universities Space Research Association

Roche, Summit Cancer Centers to collaborate on use of new digital healthcare tools to enable more personalized cancer care

INDIANAPOLIS, July 13, 2020 /PRNewswire/ — Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today the formation of a collaboration with Summit Cancer Centers to explore the use of clinical decision support tools and artificial intelligence-type approaches to the management of patient health information to bring a distinctly personalized approach to care for patients with cancer.

Spokane, Washington-based Summit is an independent, physician-run integrated cancer care network with cancer treatment and imaging services at multiple locations throughout eastern Washington and Idaho. The initial phase of the collaboration will be to implement Roche’s NAVIFY Tumor Board software to automatically pull relevant patient health data and other information from fragmented sources and compile a single, holistic patient dashboard to facilitate Summit’s multidisciplinary tumor board discussions.

The implementation of the cloud-based NAVIFY software will also include, for the first time, integration with the OncoEMR® electronic medical record system, which Summit employs across its network, to include comprehensive, longitudinal patient health information in the tumor board review.

“We are looking forward to working with one of the country’s most innovative cancer care centers in using data and digital technology to improve patient care,” said Ketan Paranjape, vice president of Diagnostic Information Solutions for Roche Diagnostics North America. “This collaboration will also give us further insight into how healthcare information can be used to advance personalized healthcare, a key area of focus for Roche.”

The ability to integrate NAVIFY Tumor Board with the OncoEMR system is of particular significance to Summit because the OncoEMR system includes patient health data generated by different medical systems (e.g., testing labs, radiology images, etc.) that are needed for the evaluation, management and treatment of Summit’s patients. The integration with the NAVIFY software allows Roche’s decision support software to provide a more comprehensive patient health profile and facilitate a more efficient and more informed discussion during the tumor board.

“This collaboration with Roche will help advance our mission to treat the whole person with cancer, rather than only the cancer itself,” said Arvind Chaudhry, MD, PhD, director of Summit Cancer Centers. “We believe every patient’s case should be presented to a tumor board, but it can be a challenge to organize the extensive amount of data. The innovative digital approaches we are exploring with Roche can compile and streamline the information to make tumor boards more efficient and more relevant for the participants.”

As part of the joint initiative, Summit will also be exploring the use of several clinical decision support applications that are part of the NAVIFY portfolio. The integrated apps can extend the functionality of the software by bringing the latest knowledge about relevant clinical guidelines, published studies and clinical trials to the oncology care team.

About NAVIFY Decision Support
The NAVIFY Decision Support portfolio helps healthcare professionals navigate the increasing complexity of medical practice by transforming large amounts of data into actionable insights—fundamentally changing clinical decision making across the care continuum. NAVIFY Tumor Board, a cloud-based software solution, streamlines and standardizes preparation, facilitation and documentation of treatment decisions by oncology care teams. The NAVIFY Decision Support portfolio is continuously evolving to include additional solutions that support more personalized, confident treatment decisions for the benefit of each individual patient.

About Roche
Roche is a global pioneer in pharmaceuticals and diagnostics focused on advancing science to improve people’s lives. The combined strengths of pharmaceuticals and diagnostics under one roof have made Roche the leader in personalized healthcare – a strategy that aims to fit the right treatment to each patient in the best way possible.

Roche is the world’s largest biotech company, with truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and diseases of the central nervous system. Roche is also the world leader in in vitro diagnostics and tissue-based cancer diagnostics, and a frontrunner in diabetes management.

Founded in 1896, Roche continues to search for better ways to prevent, diagnose and treat diseases and make a sustainable contribution to society. The company also aims to improve patient access to medical innovations by working with all relevant stakeholders. Thirty medicines developed by Roche are included in the World Health Organization Model Lists of Essential Medicines, among them life-saving antibiotics, antimalarials and cancer medicines. Moreover, for the tenth consecutive year, Roche has been recognized as the most sustainable company in the Pharmaceuticals Industry by the Dow Jones Sustainability Indices (DJSI).

The Roche Group, headquartered in Basel, Switzerland, is active in over 100 countries and in 2018 employed about 94,000 people worldwide. In 2018, Roche invested CHF 11 billion in R&D and posted sales of CHF 56.8 billion. Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan. For more information, please visit www.roche.com or diagnostics.roche.com.

All trademarks used or mentioned in this release are protected by law.

Roche Diagnostics US Media Relations 
Mike Weist
1 317 371 0035 // mike.weist@roche.com

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SOURCE Roche Diagnostics

Amesite Agrees to Provide its K-12 Remote Learning Platform through the Champlain Valley Educational Services Board of Cooperative Educational Services (CVES BOCES) to the Peru Central School District; Aims to Expand Offerings throughout New York State

PERU, N.Y., July 13, 2020 /PRNewswire/ — Amesite Inc., an artificial intelligence software company providing online learning ecosystems for business, higher education and K-12 announced today they have agreed to provide their platform through the Champlain Valley Educational Services Board of Cooperative Educational Services (CVES BOCES) to the Peru Central School District, to offer online learning courses for students in the district to use in the upcoming school year.

“It’s absolutely imperative that we offer courses that prepare our children for the future, which will require that we innovate in our curricula,” Peru Central School District Superintendent Dr. Thomas Palmer said. “We also want to use the best available technology to offer existing courses and to make them more engaging. We’ve heard from teachers, parents, and students that better tech was needed regardless of whether we are full or part-time distance learning in the next school year. We appreciate the clean design, ease of use and technical capabilities of the Amesite platform, and are pleased and committed to using it in our STEM and workforce programs, to support our teachers and students with the best technology available.”

“We are thrilled to be able to offer our products through the CVES BOCES to the Peru Central School District, and now, to any of the more than 600 public school districts in New York State. The cost-sharing provided by the State of New York puts teachers and students first and helps every district in the State advance their technology through streamlined, cooperative purchasing,” said Amesite Founder and CEO Dr. Ann Marie Sastry. “Parents, teachers and students are all understandably anxious about what learning will look like in September. We just went through a four-month experiment where every student transitioned to online learning at once, and it showed that schools need holistic solutions to deliver their curricula and to expand offerings. We are delighted that the mechanism is now in place for us to help any district in New York, starting with the very innovative team at Peru Central.”

With BOCES support, any school district in New York State can now utilize Amesite’s distance learning tools with a single purchase order.

Peru Central School District is part of the Champlain Valley Educational Services branch of BOCES, which provides career preparation, special education, instructional services, administrative support and professional development for educators, and is a valuable source of assistance to its 16 component school districts as they strive to keep pace with technical advancements and in stride with economic and social uncertainties and change.

School districts interested in Amesite’s solutions are encouraged to contact sales@amesite.com for more information about solutions available from Amesite. Amesite offers solutions ranging from single courses and programs, to whole-school or district solutions for online learning, that support in-class, blended or fully remote delivery with a single platform.

MEDIA CONTACT: Robert BusweilerBusweiler@sunshinesachs.com – 631.379.6454

 

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SOURCE Amesite Inc.

Aureus to upgrade e-Discovery solution for legal profession, powered by Microsoft Azure

DENVER, July 13, 2020 /PRNewswire/ — Aureus Tech Systems, a digital transformation company that provides accelerated intelligent cloud and edge solutions, brings major new capabilities to its Anvesa® eDiscovery platform for the legal profession.

Aureus has integrated its Anvesa® 3.0 solution with Microsoft Azure and Azure AI to leverage key artificial intelligence (AI) and machine learning capabilities to power new tools for legal professionals in their digital journey. The updated Anvesa® 3.0— set to launch July 15, 2020— now provides unsupervised machine learning and keyword extraction, features that vastly increase the speed with which law firms can review large documents and document troves.

Aureus’s heavy focus on research and development (R&D) makes it a pioneer in technological advancements. Aureus clients get leading technology and don’t have to absorb R&D costs and risks, because Aureus already has. The company focuses on knowledge mining, document classification, document labeling, and obtaining key insights from the information in the text of documents, all to decrease manual efforts. By using these capabilities, law workers no longer need to search within documents or read them one by one. Aureus takes unstructured data and processes it without the need for human intervention or additional staff using deep learning and neural networking.

While this technology can be used within any industry, one area Aureus is revolutionizing is the legal space through the company’s AI and cloud computing investments.

“When it comes to attorneys and paralegals finding answers and winning cases, time matters. It matters a lot. That’s why we’ve built a secure e-discovery platform that cuts through the clutter and delivers the right information to users fast,” said Shannon Reed, Vice President of Product Development for Aureus. “Our excellent customer service and advanced technologies enable users to eliminate hours and hours of work.”  

“We pride ourselves on always standing at the cutting edge of technology. We’ve made massive investments in data and AI, specifically around obtaining insights on huge volumes of unstructured data. Our intelligent cloud intellectual property and capability investments have allowed us to offer customers an elite e-discovery product without the elite cost,” explained Aureus CEO Sujata Bhattarai.

Using Azure AI services including Azure Machine Learning, Anvesa® delivers an elite experience, from processing through early case assessment to review and analysis. The platform offers robust visualizations and analytics, so users can easily see their information in a digestible, meaningful way at any stage. The solution allows users to see key insights faster than ever before and navigate the system seamlessly. Users can also ask questions via a chatbot powered by Azure Cognitive Services. Anvesa® is one of the only e-discovery platforms that delivers answers to users right away.

By using Anvesa® 3.0, law firms can now count on unsupervised machine learning, backed by Azure Cognitive Services, Azure Data Bricks, and Python algorithms, to perform initial data auto-classification on large collections of documents. Attorneys can save significant amounts of time by only focusing on topics of interest. Keyword extraction is also a big time-saver, allowing law workers to evaluate documents based on keywords, rather than reading full document texts.

“As the world goes through rapid digital transformation, we will see an exponential increase in the amount of unstructured data being produced, be it via unstructured communication like chat, IoT devices collecting huge amounts of data, or digital documents. A lot of insights will be hidden in this aggregation of raw data. The scalability of the Microsoft Azure cloud provides an effective way to collect and store the data—and Aureus’ R&D on knowledge mining can help attorneys and paralegals mine key insights from vast volumes of unstructured data without spending a lot of manual hours. We are building Anvesa® not just for today; we’re also keeping the future in mind,” said Abhishek Pakhira, COO of Aureus and member of Forbes Technology Council.

Because Anvesa® is built from the ground up using Microsoft Azure, it can fully integrate into an entire Microsoft 365 ecosystem, including information management, collection, preservation, and review processes. This means that the integration and mapping of two different systems won’t cause any of the inefficiencies or issues that are often inherent in eDiscovery platforms. Anvesa® offers a secure, 360-degree holistic approach to eDiscovery with the power of an army of attorneys in one platform.

“Anvesa® harnesses the power of Microsoft Azure AI solutions including Azure Cognitive Services and Azure Machine Learning to help users seamlessly find information critical to winning legal cases,” said Bharat Sandhu, Director, Product Marketing Azure AI, Microsoft. “As a result, Anvesa® offers customers efficient solutions to many of the eDiscovery issues the litigation space experiences today.”

About Aureus

Aureus helps companies transform their technology landscape into an intelligent cloud and edge landscape to drive both process efficiencies and business growth, all via their existing Microsoft 365 and Azure ecosystems as an integrated single-platform experience. Aureus’ clients include Allergan, Jamba Juice, Morrison Foerster, and Forbes Law Group.  

For more information about Aureus, go to www.aureustechsystems.com.

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SOURCE Aureus Tech Systems LLC

Human Horizons and Microsoft partner to create onboard AI assistant for HiPhi

SHANGHAI, July 13, 2020 /PRNewswire/ — At the World Artificial Intelligence Conference 2020 (WAIC 2020) held online this year, Human Horizons announces its strategic partnership with Microsoft to jointly develop an on-board AI assistant, the HiPhiGo, for HiPhi vehicles. Human Horizons is an innovative mobility company with HiPhi, a subsidiary brand, providing premium smart all-electric vehicles. Supporting the partnership, HiPhi and Microsoft are in discussion to establish a smart computing lab. This will be the latest addition to Human Horizons’ ‘3 Smart’ strategic blueprint (Smart Vehicle, Smart Road and Smart City) enhancing its next generation connected vehicles.

Human Horizons’ premium smart all-electric vehicle, HiPhi, set for large-scale production in 2021.

Combining different AI-driven applications to come together in a user-friendly manner is a challenge, which is where the partnership with Microsoft comes into play.

“Human Horizons has experience in design, engineering, intelligent systems and more, and has been at the forefront of innovation, with a comprehensive blueprint and successful practice in the integrated development of the vehicle, road and city ecosystem,” says Dr. Yongdong Wang, global senior Vice President of Microsoft (Asia) Internet Engineering.

“The strategic partnership with Microsoft will accelerate the development of our onboard digital AI assistant, HiPhiGo,” says Ding Lei, CEO and founder of Human Horizons and HiPhi. “HiPhi, as a future-oriented innovative mobility company, and Microsoft, with its unique technological expertise, are outstandingly well-matched. Together, we will play a key role in shaping the future of automotive-mobility.”

Dr. Yongdong Wang shared, “We are thrilled that HiPhi has chosen Microsoft. Human Horizons has profound experience in vehicle design, engineering, and vehicle intelligent systems. As Human Horizons and Microsoft join forces, we look forward to supporting the company with cutting edge AI technologies for the development of the vehicle, road and city ecosystem, and to reimagine the driving experience for people everywhere, together.”

Using the onboard AI assistant, HiPhi will significantly optimise the connections between its vehicles, cloud-based platform, and user-centric services within the “vehicle-road-city” ecosystem. Microsoft has extensive technical expertise in computer voice and vision, natural language processing, and search engine database. This includes Microsoft’s text to speech technology, based on deep neural networks, that is comparable to human speech. The application of such technologies will provide seamless and engaging human-machine interaction.

The HiPhiGo AI assistant will also allow HiPhi to leverage mobility services across its entire portfolio, providing new services and solutions such as in-car consumer experiences, telematics, and the ability to securely connect data between the car and its occupants.

AI is an inevitable process of the further development of new-generation information technology (IT), also a global-concerned direction of deep integration of IT and economic and social development.

In the future, the solutions developed through this partnership will be rolled out to other HiPhi products, building the foundation for all customer-centric services of the brand. HiPhi 1, the first product of the HiPhi brand, will reach small volume production by the end of 2020 and official deliveries in 2021.

HiPhi Logo

About the HiPhi Brand

HiPhi is a premium brand created by Human Horizons and enhanced by its users. HiPHi 1 is an EV with a lightweight hybrid- aluminum construction. It also embeds sustainability with the adoption of vegan leather and the use of recyclable materials to further increase the sustainable nature of Human Horizons’ EV products.

About Human Horizons

Human Horizons is established for R&D in innovative and leading intelligent mobility technologies as well as the industrialization of future-oriented smart vehicles. Furthermore, Human Horizons builds smart transportation technologies and contributes to the development of smart cities which will redefine human mobility.

www.human-horizons.com

 

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SOURCE Human Horizons

First Half 2020 Learning Technology Investment Surged to $11.6 Billion

MONROE, Wash., July 13, 2020 /PRNewswire-PRWeb/ — “The investment activity in the first half of 2020 could be an anomaly considering that huge unprecedented funding that went to just a few edtechs,” comments Sam S. Adkins, Chief Researcher at Metaari (formerly Ambient Insight). “A breathtaking $1 billion went to China’s Yuanfudao in March 2020. This is the first time in the industry’s history that a company has reached the $1 billion threshold. In June 2020, an equally impressive $750 million went to China’s Zuoyebang who claims to be the largest online education provider in the world with over 800 million users and 50 million daily active users (DAU).”

In the first half of 2020, 26 companies garnered over $100 million in funding and 438 obtained over a million dollars in investment. In the full year of 2019, 44 companies obtained $100 million or more in investment and 679 obtained one million dollars or more.

“Investment patterns are inherently unpredictable,” says Adkins. “The patterns produce a quantitative ‘rear-view mirror’ perspective, but they are not reliable leading indicators. Investments have spiked every year since 2015 reaching an unprecedented $18.6 billion in 2019. To put this in perspective, investments in 2018 and 2019 combined far outstripped the total investments made to all edtech companies combined for the entire twenty-year period between 1998 and 2017.”

In the last four years, investors have aggressively shifted their interest away from companies selling legacy products like eLearning to next-generation companies developing Cognitive Learning, AI-based Learning, Mixed Reality Learning (AR-based Learning and VR-based Learning), Mobile Learning, Location-based Learning (Location Intelligence), Collaboration-based Learning (live tutoring and live online classes), Game-based Learning, and even Educational Bots (both physical and virtual).

“An astonishing $4.44 billion was invested in 138 Collaboration-based Learning companies across the planet in the first half of 2020,” says Adkins. “But again this was skewed by the $1.75 billion that went to Yuanfudao and Zuoyebang, combined. Yet, in the first half of 2020, an impressive $2.96 billion went to 112 AI-based Learning companies. Just over $1.14 billion went to 38 Mixed Reality (AR and VR) Learning companies in the first half. In sharp contrast, a mere $92.5 million went to just five eLearning companies in the first half of 2020. Clearly, investors now prefer advanced learning technologies over legacy eLearning.”

China could overtake the US again in terms of total investments,” adds Adkins. “$3.90 billion was invested in 77 Chinese edtech companies in the first half of 2020, again being skewed by the massive investments made to Yuanfudao and Zuoyebang. In the US, $3.67 billion went to 113 learning technology companies in the first half. $1.41 billion went to 96 companies in India in the first half with 21% ($290 million in two rounds) of that going to the Indian online education juggernaut BYJU’S. $2.62 billion went to 229 other edtech companies across the globe. Investment in edtech was strong in the UK in the first half. Over $635.8 million was invested in 81 UK edtechs in the first half.”

Investment patterns can expose “customer-facing” trends if funding shifts to companies that serve specific buying segments. By the end of the first half of 2020, $6.03 billion had been invested in corporate-facing learning technology companies and $5.04 billion was invested in consumer-facing edtechs. In stark contrast, “only” $213.3 million was invested in companies serving the higher education and tertiary segments, although $815.8 million went to companies serving the PreK-12 segments across the globe. This is relatively impressive considering that PreK-12 companies garnered a total of $855.3 million for the entire year of 2019.

“The AR headset developer Magic Leap pivoted way from the consumer segment in late 2019 after burning through billions in funding and experiencing dismal headset sales,” reports Adkins. “Magic aggressively entered the global corporate training market by partnering with dozens of best-of-breed field force performance support providers and remote expert assistance developers operating mostly in the industrial sectors. Magic is also reselling many of these solutions becoming a bona fide training provider. Magic obtained $350 million in new funding in May 2020 indicating investor confidence in Magic’s move to corporate training.”

About Metaari
Metaari (formerly Ambient Insight) is an ethics-based quantitative market research firm that identifies revenue opportunities for advanced learning technology suppliers. We track the learning technology markets in 126 countries. We have the most complete view of the international learning technology market in the industry. Metaari focusses solely on advanced learning technology research on products that utilize psychometrics, neuroscience, location intelligence, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.

 

SOURCE Metaari