Export Credit Agency of Kazakhstan Discusses Green Future of Export Financing

Export Credit Agency of Kazakhstan participated in the IfTI 2024 Global Symposium in Switzerland. This international event brought together experts to discuss the future of global trade in the context of climate change and digitalization.

Key topics included the transition to a green economy, achieving carbon neutrality, and digitalizing world trade. Participants explored how these factors are shaping the global economy.

During the symposium, Ayan Bektybayeva, Deputy Chairman of the Board of Export Credit Agency of Kazakhstan, spoke at a panel session on the future of export financing. She shared Kazakhstan’s experience in supporting exporters and discussed new initiatives aimed at achieving sustainable development goals.

“By contributing to emissions reduction and focusing on environmentally friendly projects, Kazakhstan is demonstrating its commitment to global sustainability goals,” said Bektybayeva. “Supporting exporters implementing innovative environmental solutions is an investment in our country’s future. By providing export financing for such projects, the Export Credit Agency of Kazakhstan helps businesses explore new markets, strengthen their competitiveness, and reduce financial risks.”

In 2023, Export Credit Agency of Kazakhstan joined the Net Zero Export Credit Agencies Alliance (NZECA) as an affiliated participant. The relevant document was signed at the COP28 World Climate Summit.

What Opportunities Regional Markets Can Offer to Kazakhstan’s Investors

Alina Aldambergen, Chairperson of KASE, emphasized the importance of creating conditions on foreign markets for domestic companies to issue bonds. She made this statement during a panel session at the 26th Annual General Meeting of the Asian-Pacific Central Securities Depositories Group (ACG).

The first panel discussion focused on “A New Era in Strengthening Securities Market Connectivity for economic growth”. According to the KASE head, the Kazakhstan stock exchange actively collaborates with exchanges both within the region and internationally.

“We are actively engaging with Central Asian countries and are a member of the regional association of exchanges. For instance, Uzbek companies are raising funds through our exchange. We also have connections with Middle Eastern and neighboring markets. Our country has significant economic ties with China, and representatives from the Hong Kong and Shenzhen exchanges are present at the conference” she said.

She noted that the high level of capitalization in the Kazakhstan bond market attracts both local and international investors.

“Nowadays many export-oriented companies in Kazakhstan are issuing Eurobonds and local bonds, meaning they are listed on both national and international markets. It is important for us to represent Kazakhstan on the global stage, promote investment in government securities, work together with the National Bank of Kazakhstan, stimulate trading on secondary markets, and collaborate closely with Clearstream and Euroclear, as well as all participants in our infrastructure” Alina Aldambergen added.

Bernard Ferran, Chief Commercial Officer at Euroclear, commented on the growth in Asia and how important Asia and Central Asia are for Euroclear overall. According to him, the region has begun to see significantly more intra-Asian flows, which will require the creation of new market connections. This, in turn, will facilitate access for foreign investors to these new frontier and emerging markets. He also noted that innovation and the implementation of new technologies will be at the forefront of how central securities depositories should conduct their business and ensure compliance with international standards.

The panel session also highlighted the importance of cooperation among regional securities market infrastructures regarding settlement issues, particularly in light of the shift to T+1 trading cycles by major global exchanges, including those in India, China, the USA, and others. This regime means that trade settlements occur on the next trading day. KASE is currently considering the possibility of such a transition by studying international practices.

The representative of Depository Trust & Clearing Corporation, Nellie Dagdag, discussed the lessons learned from implementing the T+1 system. In response to the moderator’s question about the challenges faced by non-U.S. companies during the T+1 transition, she noted that the shift to T+1 in the U.S. in May of this year initiated a new settlement cycle. Nothing extraordinary occurred; there was extensive preparation for the launch of the T+1 system. Apart from the loss of one day for foreign investors, there were no significant changes to the settlement scheme.

In general, she shared about several lessons of the introduction of T+1. The need for cooperation, including with the regulator, discussing all important issues with market participants, including investors is the priority. The speaker also emphasized the importance of regional coordination of efforts for the benefit of investors, issuers, financial companies and other stakeholders.

Olivier Gueris, Chief Operating Officer in AIFC, in his speech expressed the opinion that it is necessary to be flexible when switching to a new settlement system.                                                                                                “There are many different operating models, jurisdictions, some work under common law, etc. You need to be flexible and adapt to different models,” he said.

Speaking on the importance of international cooperation, the speaker provided practical examples of how to adapt to the functional limitations of some markets and utilize new business methods for the benefit of investors. At the same time, she highlighted examples from Hong Kong and Shanghai, where, for instance, members of one exchange can trade stocks listed on another exchange. Overall, cooperation with other exchanges opens up new opportunities for investors, concluded the expert.

From September 9-12, 2024, for the first time in history, Kazakhstan hosted the 26th Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG). The organizer was the Kazakhstan Central Securities Depository (KCSD).

Digital Transformation in Securities Markets: Advancing Services and Managing Risks Highlighted at 26th ACG Annual Meeting

Digital technologies are changing the concept of companies’ operations and interaction with clients. However, their use creates certain risks that financial market participants are already considering today. This opinion was reached during the panel session “Digital Transformation and Improving the Quality of Services in the Securities Market” at the 26th Annual General Meeting of the Asian-Pacific Central Securities Depositories Group (ACG).

Digitalization not only changes work of financial market participants, but also supports demand for financial services. In Indonesia, during the pandemic and active implementation of digital solutions, the number of investors has significantly increased, – Samsul Hidayat, President of PT. Kustodian Sentral Efek Indonesia, said during the event.

“During the pandemic, many investors registered on our exchange, their number reached 13.3 million in our central depository,” he added.

The Indonesian Stock Exchange index has doubled over the past 10 years and reached 7,700 points. Today, the Indonesian stock exchange records about 200 thousand transactions daily. Total number of issuers on the exchange amounts to 9037 companies.

Capitalization of the Indonesian stock market is estimated at $ 700 billion. At the same time, the Indonesian capital market is considered one of the most developed in Southeast Asia.

Taiwan Depository & Clearing Corporation (TDCC) also decided to improve customer service through digitalization. Julie Wang, Senior Vice President of Corporate Strategy and Public Affairs at TDCC, explained that the platform introduced new financial technologies in its activities back in 2009. 

TDCC also uses artificial intelligence, for instance, for translation, coding, encryption and other solutions. However, she noted, not every task is suitable for artificial intelligence. For example, highly confidential information should not be provided to AI. In addition, AI does not work very effectively with restricted data. But since TDCC works mainly with accurate data, AI can be used to predict and aggregate it. At the same time, Kazakhstan not only keeps up with global trends in technology, but even surpasses them, says Mikhail Novoselov, Executive Advisor at Freedom Finance.

“Our GovTech and RegTech technologies are not just the most advanced in the world, but exceed the highest standards. For example, we have a biometric database of all residents, and, in fact, you can open a bank account or board a plane simply by scanning your face and providing only your document number. All checks are carried out quickly and invisibly,” – said Mikhail Novoselov. He added that today it takes just a few minutes to open an account, although previously this operation took 15 minutes. But, he agrees, the use of digital technologies creates certain risks, whereby it is necessary to conduct many checks on the client, taking into account sanctions and other risks.

With the development of digital solutions, an important emphasis is also given to regulation. According to Jim Micklethwaite, Director and Head of Operations at Thomas Murray, regulation emphasizes that all organizations take into account all risks, conduct internal training, testing and report on all issues. He also noted that some unstable systems can be moved to the cloud to ensure their security.

“These technologies are inexpensive, and you get more benefits. Many countries have implemented regulations on securities and on key and personal data storage. Another trend is post-Covid. Working from home is becoming normal, although previously there was a wary attitude towards the issue, because people are accessing important systems from home. But now it is becoming the norm,” – Jim Micklethwaite added.

Reference:

ACG is an association of central securities depositories in the Asia-Pacific region, established in 1997. Its main objective is to cooperate across various sectors to improve efficiency in the clearing and settlement field.

Besa Gaming Company – Pioneering the Next Frontier in Crypto Gaming

Singapore, 13th September 2024, ZEX PR WIRE, Besa Gaming Company merges gaming and cryptocurrency into a powerful force, appealing to both gamers and investors. Founded by Gabe and a dedicated team, Besa is driven by innovation and a commitment to success, reflected in the name “BESA,” meaning “to keep the promise.”

Besa Gaming stands out by integrating profitable crypto elements into entertaining games, creating a unique experience for tech-savvy gamers and crypto enthusiasts. Titles like Gold Rush Racer and Crypto Crush push the boundaries of crypto integration, offering players fun and financial rewards. Their innovative in-game billboards generate additional revenue for OG NFT holders, showcasing Besa’s trendsetting approach.

Community involvement is key to Besa’s development, with products shaped by feedback. Successful token launches and a collaborative process have positioned Besa as a leader in the industry, capturing attention from influencers.

Despite challenges in the crypto space, Besa is committed to building a self-sustaining ecosystem. The company is expanding into new ventures, including a casino, crypto swap, exchange, and wallet, solidifying its role in the future of crypto gaming. For those seeking a revolutionary experience, Besa Gaming offers a unique opportunity.

Besa Gaming Socials: 

Website: https://www.besagaming.com
Telegram: https://t.me/GamingUmbrella
Facebook: https://bit.ly/besa-facebook
Twitter: https://bit.ly/besa-twitter
Discord: https://bit.ly/besa-discord

StorageChain LLC Announces Ambitious Plans to Develop Vector Storage for AI Solutions

California, US, 13th September 2024, ZEX PR WIRE, StorageChain LLC, a leader in decentralized storage networks, today announced its strategic initiative to expand into vector storage, positioning the company as the optimized storage solution for artificial intelligence (AI) applications. This move marks a significant milestone in StorageChain’s evolution and represents a substantial market opportunity in the rapidly growing AI sector.

StorageChain LLC has already established itself as one of the fastest-growing decentralized storage networks globally, providing secure, scalable, and efficient storage solutions to a diverse range of industries. The company’s decentralized approach has set it apart from traditional storage providers, offering unmatched reliability and cost-effectiveness by leveraging a distributed network of storage nodes.

With the rise of AI and machine learning, the demand for specialized storage solutions has grown exponentially. Vector storage, which is essential for managing and processing high-dimensional data, is becoming increasingly critical for AI applications. Recognizing this trend, StorageChain is committed to developing state-of-the-art vector storage solutions that will empower businesses and researchers to harness the full potential of AI.

“Expanding into vectorized storage is a natural progression for StorageChain,” said Chris Dominguez, CEO of StorageChain LLC. “Our decentralized network has already proven its capability to handle vast amounts of data securely and efficiently. Now, by integrating vector storage capabilities, we are not only broadening our service offerings but also tapping into a market that is poised for explosive growth. This is an exciting opportunity for us to redefine storage solutions in the AI landscape.”

StorageChain’s vector storage initiative will focus on optimizing storage and retrieval processes for large-scale AI models, ensuring that data is accessible in real-time and with minimal latency. The company’s cutting-edge technology and decentralized architecture make it uniquely positioned to address the challenges associated with AI data storage, such as scalability, security, and speed.

As part of its commitment to innovation, StorageChain will continue to invest in research and development to create storage solutions that are tailored to the needs of AI-driven enterprises. The company plans to work closely with AI researchers and industry leaders to ensure that its vector storage technology meets the highest standards of performance and reliability.

With this new venture, StorageChain LLC is set to become the go-to storage provider for AI applications, further solidifying its position as a leader in the decentralized storage space.

For more information about StorageChain LLC and its vector storage solutions, please visit us at www.storagechain.io or follow us on X (Twitter) at @storagechain.io

About StorageChain LLC:

StorageChain LLC is a leading provider of decentralized storage solutions, leveraging IPFS technology to deliver secure, scalable, and efficient storage solutions for businesses. With a commitment to innovation and accessibility, StorageChain is at the forefront of the DePIN marketplace, empowering enterprises to embrace the decentralized future.

Celebrate Peace Day with a Concert in Nashville

Nashville, Tennessee, 13th September 2024, ZEX PR WIRE, In honor of the International Day of Peace, Tennessee United for Human Rights is sponsoring a special Peace Day concert on Wednesday, September 18th at 7:00 pm, hosted in the community hall of the Church of Scientology, located at 1130 8th Avenue South, Nashville, TN 37203.

The concert will feature performances by celebrated singer/songwriter Isis Christopher and local band Mockingbird Canyon Road. Along with the musical performances, religious leaders from various faith traditions will deliver messages of peace and unity, reflecting this year’s theme, “Cultivating a Culture of Peace”, in line with the United Nations’ International Peace Day focus.

“This event will be a powerful expression of peace and unity through music and reflection, bringing together people of all faiths and backgrounds,” said Julie Brinker, spokesperson for Tennessee United for Human Rights. “We invite everyone to join us as we work toward building a more peaceful and harmonious community.”

Attendees are encouraged to register in advance at TNUHR.org. The event is free and open to the public. Doors will open at 6:30 pm, with seating available on a first-come, first-served basis.

For more information and to register, please visit tnuhr.org or contact info@tnuhrg.org.

About International Day of Peace:

The International Day of Peace, observed annually on September 21st, was established by the United Nations in 1981 as a day devoted to promoting peace and non-violence worldwide.

About Tennessee United for Human Rights:

Tennessee United for Human Rights (TNUHR) is dedicated to educating individuals and communities about their human rights and fostering respect for the dignity of all people. TNUHR sponsors events and programs that promote peace, equality, and justice across Tennessee.

TOURS OF DUTY TO HOST WREATH-LAYING CEREMONY AT ARLINGTON NATIONAL CEMETERY FOR NATIONAL POW/MIA RECOGNITION DAY

Members of Congress, Veterans, and Supporters Nationwide Join Together to Honor Over 81,000 POW/MIAs

Arlington, VA – September 20, 2024 – Tours of Duty, a nonprofit organization committed to the search and recovery of America’s Prisoners of War (POW) and Missing in Action (MIA) service members, will hold a powerful wreath-laying ceremony at Arlington National Cemetery on Friday, September 20, 2024, at 11:00 AM in observance of National POW/MIA Recognition Day.

This event, aimed at raising awareness for the more than 81,000 American heroes still missing from U.S. military conflicts, will be attended by Members of Congress, Senators, and their staff, showing a united front in honoring those who have yet to return home. Veterans, military families, and supporters from across the nation will also gather to pay their respects and recommit to the mission of recovery.

Additionally, a motorcycle procession led by riders from across the country will accompany the ceremony, demonstrating their dedication and support. These patriotic riders, many of whom are veterans themselves, will ride in solidarity to raise awareness for the estimated 38,000 recoverable POW/MIAs. The ride will symbolize the enduring spirit of the mission to bring all service members home.

The ceremony will be held at the Tomb of the Unknown Soldier, a hallowed symbol of America’s military sacrifice. Tours of Duty invites the public to attend, offering an opportunity for reflection and solidarity with the families who still await the return of their loved ones.

“By laying a wreath, we send a clear message: We have not forgotten those who have given everything for their country, and we will not rest until every hero is brought home,” said Amanda Rutledge, Founder and CEO of Tours of Duty. “We are deeply honored that members of Congress and supporters from all corners of the nation will be joining us in this momentous occasion.”

Tours of Duty is an emerging leader in the effort to recover missing U.S. service members, working with veterans, historians, forensic experts, and government agencies to bring long-awaited answers to the families of the fallen.

National POW/MIA Recognition Day, observed on the third Friday of September, is a time for Americans to reflect on the sacrifices made by military personnel and the ongoing efforts to recover those who are still missing.

Event Details:

· Date: Friday, September 20, 2024

· Time: 11:00 AM

· Location: Arlington National Cemetery, Tomb of the Unknown Soldier

· Event: Wreath-Laying Ceremony in Honor of National POW/MIA Recognition Day

· Special Participants: Members of Congress, Senators, and Their Staff

· Motorcycle Procession: Riders from across the country will arrive in support of the cause

For more information about the event or to learn how to support Tours of Duty’s mission to recover America’s POW/MIAs, please visit www.toursofduty.org or contact p.slough@toursofduty.org.

About Tours of Duty

Tours of Duty is a nonprofit organization dedicated to the search and recovery of America’s Prisoners of War and Missing in Action service members. Leveraging the skills of veterans, historians, and forensic specialists, Tours of Duty works tirelessly to ensure no hero is left behind and that the sacrifice of America’s military is honored and remembered.

 

Exploring new financial trends: Maximizing passive income profits through NFTCOLO cloud mining

With the rapid rise of cryptocurrency and the popularity of blockchain technology, more and more people are exploring new ways to achieve financial freedom and economic independence. Among them, cloud mining, as a new type of investment with low threshold and high returns, is gradually being recognized by investors. Cloud mining not only eliminates the tedious steps of purchasing, operating and maintaining traditional mining machines, but also allows participants to share mining pool resources through the Internet and easily earn huge profits. For those who want to earn passive income in the digital economy, NFTCOLO cloud mining is undoubtedly an excellent opportunity.   
 
You may be wondering, what is NFTCOLO cloud mining? Let’s get familiar with this revolutionary concept. Imagine mining cryptocurrencies like Bitcoin and Litecoin without having to buy equipment and manage your own mining hardware. NFTCOLO cloud mining lets you do just that! By leveraging computing power provided by remote data centers, you can participate in the exciting world of cryptocurrency mining without any technical knowledge or physical infrastructure.  

The advantages of NFTCOLO cloud mining are significant. First, it offers unparalleled convenience. Gone are the days of purchasing expensive mining equipment and struggling with complex algorithms. With NFTCOLO cloud mining, you can start accumulating wealth from the comfort of your home with just a few clicks of your mouse or through your phone. This streamlined approach not only saves you time, 

but also eliminates the hassle of constant maintenance and updates, allowing you to focus on what really matters: your financial success. 

In addition, cloud mining can be a good hedge against inflation and volatility in traditional financial markets. Cryptocurrencies have shown remarkable resilience and growth potential, making them a safe investment channel in uncertain times. By diversifying your portfolio through cloud mining, you can increase your financial stability and earn impressive returns even during economic crises.  

How to get started 
Just complete the following steps to start your cloud mining journey 

Register and create an account: Choose the legal and compliant cloud mining platform NFTCOLO.com. Registration is very simple. You only need to enter your username and email address and set a password to register as a cloud mining investor.  

NFTCOLO has many advantages:

Welcome bonus: Get $100 free mining experience after creating an account (free profit of $0.8 per day) 

Value-added services: high profit level, zero additional commission, high-quality management services 

Multiple options: Can generate more than 6 other currencies such as Bitcoin and Litecoin 

Safe and reliable: Enhanced security through McAfee® and Cloudflare® protection Highly flexible: You can increase or decrease the rented computing power at any time according to your needs and flexibly adjust your mining strategy Affiliate Program: This program allows you to earn 5% referral rewards 

Easy to manage: Users do not need to worry about the maintenance and management of the mining machine, just purchase the contract computing power to start investing income 

Professional support: Ensure 100% uptime and 24/7 response support to help you solve any problems at any time  

Choose a contract computing power package: Explore the contract computing power packages and choose the investment plan that best suits you. Whether it is short-term investment or long-term returns, NFTCOLO has corresponding plans to choose from. Each package has a different return on investment and a specific contract validity period.  

 Enjoy passive income: After purchasing the contract, the system automatically starts mining. You can log in to the platform at any time to check your income. The platform provides detailed profit reports and real-time tracking functions, allowing you to check the progress of each investment income at any time. 

 And there’s more! NFTCOLO cloud mining offers unparalleled transparency and security. Trusted cloud mining providers use cutting-edge cybersecurity measures to ensure your investment is safe. 

About NFTCOLO 

NFTCOLO is a legal and financially regulated cloud mining company headquartered in London, UK. Founded in 2021, the company has professional Bitcoin mining equipment in industrial facilities in Iceland, Norway, Kazakhstan and other places. NFTCOLO stands out in the cryptocurrency mining industry, providing financial services to more than 5 million users from all over the world, providing them with ways to earn cryptocurrency.  

Don’t miss this golden opportunity to take advantage of the ever-expanding world of cryptocurrency. NFTCOLO cloud mining puts you at the forefront of one of the most exciting financial revolutions of our time. Embrace the future of digital finance and watch your wealth grow exponentially!  

Are you ready to embark on this exciting journey to financial independence? Choose reputable cloud mining NFTCOLO, which offers comprehensive investment plans that meet your personal needs and goals. With their experience and cutting-edge technology, you will get this lucrative investment opportunity.  

Enjoy the fruits of cloud mining and financial management. Sign up now and start making money immediately. Embrace the future and realize your financial value with NFTCOLO cloud mining. 
To learn more, visit its official website at https://nftcolo.com 
 

Media Contact

Organization: NFT ARTWORK LTD

Contact Person: Betsy

Website: https://nftcolo.com

Email: Send Email

Address: 152 Coles Green Road, London, England, NW2 7HD

Country: United Kingdom

Release Id: 13092416943

The post Exploring new financial trends: Maximizing passive income profits through NFTCOLO cloud mining appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Exclusive: Mass Staff Exodus and Withdrawal Issues as BDSwiss Claims “Restructuring”

  • At least ten BDSwiss employees have confirmed that they have left the broker in the past few days, but according to an industry insider, the figure is much higher.
  • “After assessing its global operations, management has decided not to continue operating in certain regions,” BDSwiss stated.

BDSwiss logo on a building

Cyprus-headquartered BDSwiss has witnessed the departure of at least ten employees, including several top executives, in the past few days, Finance Magnates has learned. Additionally, dozens of traders on the platform have raised concerns about withdrawal issues.

BDSwiss Discontinuing Operations in “Certain” Regions

Meanwhile, BDSwiss has confirmed to Finance Magnates that they are restructuring their business and will discontinue operations in “certain geographical regions,” without specifying any jurisdiction.

“BDSwiss has made the decision to refocus and restructure its current business,” the broker wrote in a statement shared with Finance Magnates. “After assessing its global operations, management has decided not to continue operating in certain geographical regions. This decision has also impacted the staff at the headquarters.”

Interestingly, the broker secured a new license from the UAE’s Securities and Commodities Authority in the recent months.

Achilleas Achilleos; Source: LinkedIn

The departed employees from the Cyprus offices of the broker include Achilleas Achilleos, the Chief Marketing Officer at BDSwiss; Nicole Heinrich, the former Chief Sales Officer; Marios Morfakis, the ex-Global Head of Sales; Nita Georgiadou, the former Head of Account Opening; and Vanessa Joyce, the former Country Manager. At least one executive from BDSwiss’ Dubai office also left. Finance Magnates confirmed that at least ten people left the broker from its Cyprus and other offices.

There were also some departures among the remote teams of BDSwiss, which include Richard Jones, the broker’s Country Manager for Ghana, and two Market Analysts, Assumang Da-costa and Adnan Rehman, one based in Ghana and the other in Pakistan, according to their LinkedIn profiles.

Finance Magnates confirmed the exit of at least 9 employees, but a source informed the publication that the actual figure is much higher.

Departure of Top Executives

Achilleos was BDSwiss’ Chief Marketing Officer for the past couple of years. His other industry experience includes being the Marketing Executive of Skilling, another CFDs broker, and the Creative Director of ForexTime (FXTM). He also headed the marketing efforts of AGP Law Firm, Impact Tech, and a few other companies.

Nicole Heinrich; Source: LinkedIn

While Achilleos worked for BDSwiss for just over two years, Heinrich separated from the broker after more than eight years. She joined BDSwiss in mid-2016 as the German Account Manager and then climbed the corporate ladder to hold the position of Chief Sales Officer before her departure.

Georgiadou was another long-time BDSwiss employee who separated after almost six years. Morfakis also exited from BDSwiss’ Cyprus office and was the Global Head of Sales for about two years.

BDSwiss Is Facing Withdrawal Issues

Another interesting development is that the Trustpilot page of BDSwiss has received a wave of negative reviews in the last few days. All the complaints are about withdrawal issues traders were facing on the brokerage platform.

Out of the 36 reviews of BDSwiss on Trustpilot in the last 30 days, 31 were negative and related to withdrawal issues.

“It’s been more than a week that I’ve been waiting for a withdrawal. The only thing that support says is, ‘Sorry for the inconvenience, we are processing your withdrawal, we are having technical difficulties,’” one trader from Bolivia wrote on Trustpilot. “You are not a serious broker.”

Another trader from Nigeria wrote: “I think BDSwiss is about to fold up anytime soon because most of the affiliate managers that work with them no longer pick up their calls nor respond to messages.”

Screenshot of a recent BDSwiss review on Trustpilot

BDSwiss continued in its statement: “The industry has been facing challenges in recent months and only the most competitive brokers will survive. As part of its restructuring process, BDSwiss has experienced difficulties with delayed payments and withdrawals. However, all issues are being reviewed and will be resolved. We expect to share further positive news in the near future”.

Contact information:

Website: https://www.financemagnates.com/tag/bdswiss/

https://www.financemagnates.com/executives/moves/exclusive-mass-exodus-and-withdrawal-issues-as-bdswiss-claims-restructuring/



Hyratek and Qualcomm Announce Strategic Partnership to Revolutionize Global AI Infrastructure

Hyratek, a pioneering technology company in Vietnam specializing in infrastructure for artificial intelligence (AI) with its innovative Salala project – applying a sharing economy model to edge computing for AI – has announced a strategic partnership with Qualcomm, a global leader in technological innovation known for its breakthroughs in 4G, 5G, smartphones, and AI. This partnership aims to deliver cutting-edge edge computing infrastructure and hardware solutions to both domestic and international AI markets.

Hyratek and Qualcomm announced a strategic partnership to bring groundbreaking developments in AI infrastructure, generating substantial value for both Vietnam and the world.

Salala: Edge Computing for AI – The Key to a New Era

Hyratek is at the forefront of developing and expanding edge computing infrastructure for AI through its Salala project, which leverages user-contributed devices, such as smartphones, smart TVs, PCs, laptops, and electric vehicles, from around the globe. The collaboration between Hyratek and Qualcomm will focus on optimizing the performance of Qualcomm hardware on the edge devices used in the Salala project, developing and deploying advanced AI infrastructure solutions, including edge computing and specialized hardware. These efforts are designed to provide an efficient, cost-effective AI model training and execution platform for businesses worldwide.

Dr. Thieu Phuong Nam, General Director at Qualcomm Vietnam & Indochina, shared the expectation of the collaboration between Qualcomm and Hyratek.

In a rapidly evolving AI landscape, there is an increasing demand for robust and flexible computing infrastructure. Salala, Hyratek’s edge computing solution for AI, is emerging as an optimal approach that allows data processing close to the source, reducing latency and enhancing security. The partnership between Hyratek and Qualcomm will accelerate the decentralization of computing resources, providing numerous benefits for businesses, including reduced latency, increased security, and cost optimization. Salala’s Edge Computing infrastructure will be particularly advantageous for companies looking to leverage hardware for training and executing AI models.

Affordable AI Infrastructure Solutions for Global Enterprises

With Hyratek’s successful development of technology to harness the unused resources of over 8 billion edge devices worldwide through its Salala AI edge computing infrastructure, and with Qualcomm’s support, the two companies are committed to delivering cost-effective AI model training and execution solutions to businesses of all sizes. This initiative will enable companies to easily access and apply AI technology in their operations, enhancing productivity and competitiveness.

Nguyen Van Tuan, CEO of Hyratek, stated: “We believe this partnership will unlock new opportunities for businesses to adopt AI. With Qualcomm’s collaboration, Hyratek is committed to delivering the best AI infrastructure solutions, enabling enterprises to optimize performance and strengthen their competitive edge with affordable and highly secure options.”

Nguyen Van Tuan, CEO of Hyratek, shared that this partnership will enable businesses to adopt AI more effectively by providing solutions through Qualcomm’s collaboration with Hyratek.

A Qualcomm representative also expressed confidence in the partnership’s success: “We are impressed to see a Vietnamese tech company develop an edge computing project for the AI market like Salala of Hyratek. Qualcomm remains committed to driving the growth of AI technology. We are excited to partner with Hyratek, a partner with vision and capability, to build a strong and sustainable AI future together.”

A Shared Vision for Advancing AI and Community Impact

The strategic partnership between Hyratek and Qualcomm is not just a significant advancement in AI technology but also a testament to both companies’ commitment to applying technology for the community’s benefit, contributing to building a fairer and more prosperous society. Hyratek and Qualcomm are confident that this collaboration will bring groundbreaking developments in AI infrastructure, generating substantial value for both Vietnam and the world.

Social Links

Facebook: https://www.facebook.com/hyratek/

X: https://www.linkedin.com/company/hyratek/

Media contact

Brand: Hyratek

Contact: Media team

Email: info@hyratek.com

Website: https://hyratek.com/en

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

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