Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In 5G Technology news this week…
Alphawave IP Acquires Optical DSP Chip Developer Banias Labs, Advancing its Optical DSP Products for Data Centers . Alphawave IP Group plc , a global leader in high-speed connectivity for the world’s technology infrastructure announced the acquisition of Banias Labs, an Israel-based optical Digital Signal Processing (“DSP”) chip developer for data centers for approximately US$240 million. The acquisition strengthens Alphawave’s roadmap of optical DSP silicon products for data centers, a core high growth market for Alphawave.
Alongside the acquisition of Banias Labs, Alphawave has negotiated a non-binding, multi-year purchasing framework with a leading North American hyperscaler that proposes a multi-year roadmap for Alphawave to develop and sell a portfolio of optical products and DSPs, including coherent DSP technology from Banias Labs, with sales potentially ramping to over US$300 million.
Napatech Collaborates with Advantech to Showcase 5G UPF Offload Solution at Network X . Napatech™, the leading provider of programmable Smart Network Interface Cards (SmartNICs) used for Data Processing Unit (DPU) and Infrastructure Processing Unit (IPU) services in telecom, cloud, enterprise, cybersecurity and financial applications worldwide, will collaborate with Advantech to showcase its SmartNIC-based offload solution for 5G User Plane Function (UPF) at Network X in Amsterdam from October 18th through 20th, in Advantech’s booth.
In Cloud Computing news this week…
Leading in Cloud Native, Huawei Cloud Unleashes Digital with 10 New Services. HUAWEI CONNECT 2022, themed “Unleash Digital”, kicks off in Dubai . Industry leaders, experts, partners, and guests from the Middle East and Africa gather to share their thoughts on technological innovation, ecosystem collaboration, and digital transformation. Ken Hu, Rotating Chairman of Huawei, delivered a keynote speech under the conference theme and called for enterprises to “embrace cloud for leapfrog development” for digital transformation. Joy Huang, President of Huawei Cloud Computing Strategy & Industry Development, delivered a speech “Unleash Digital with Everything as a Service”.
Mr. Huang said that greener infrastructure, continuous innovation, and shared experience are the paths to digital transformation.
AWS Announces General Availability of Amazon EC2 Trn1 Instances Powered by AWS-Designed Trainium Chips. Amazon Web Services, Inc, an Amazon.com, Inc. company announced the general availability of Amazon Elastic Compute Cloud (Amazon EC2) Trn1 instances powered by AWS-designed Trainium chips. Trn1 instances are purpose built for high-performance training of machine learning models in the cloud while offering up to 50% cost-to-train savings over comparable GPU-based instances.
Trn1 instances provide the fastest time to train popular machine learning models on AWS, enabling customers to reduce training times, rapidly iterate on models to improve accuracy, and increase productivity for workloads like natural language processing, speech and image recognition, semantic search, recommendation engines, fraud detection, and forecasting. There are no minimum commitments or upfront fees to use Trn1 instances, and customers pay only for the amount of compute used.
In Computer Science news this week…
BigBear.ai Names Former IBM Executive Mandy Long as Chief Executive Officer. BigBear.ai, a leader in AI-powered analytics and cyber engineering solutions, announced that the Board of Directors has appointed former IBM executive Amanda “Mandy” Long as Chief Executive Officer and member of the Board of Directors, effective October 12, 2022. Dr. Reggie Brothers will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor and Operating Partner at AE Industrial Partners.
Advanced Robotic Inspections Strengthen Critical Infrastructure Across European Market. Gecko Robotics, a in using advanced robotics and enterprise software to help ensure the availability, reliability and sustainability of critical infrastructure, announced a three-year collaboration with Siemens Energy’s European Field Service organization to market and perform advanced ultrasonic robotic inspections services across Europe.
These advanced robotic inspections are poised to strengthen critical infrastructure and transform how installed equipment is inspected and maintained. Together, the two companies will develop new technologies and services to better serve customers across several industries, including pulp & paper, power generation (conventional and renewable) and oil & gas.
In FinTech news this week….
i2c Named “Best in Class” Credit-Card-as-a-Service Provider by Aite- i2c Inc., a leading provider of digital payment and banking technology, announced that it has been named “Best in Class” provider in the Credit-Card-as-a-Service (CCaaS) category by Aite-Novarica Group, a global advisory firm providing mission-critical insights in the financial services industry.
The report, Aite Matrix: Credit Cards as a Service – Providers That Democratize Credit Card Issuance, examines CCaaS market trends, key features and available solutions across legacy providers and newer entrants, and names i2c “Best in Class” based on Aite-Novarica’s comprehensive evaluation, rating frameworks and industry experts.
Azentio Software Wins ‘Best Industry Cloud ERP Provider’ Award at the ICT Leadership Awards 2022 Azentio Software is delighted and proud to announce that it has been chosen as the winner of the ‘Best Industry Cloud ERP Provider’ award at the prestigious ICT Leadership Awards 2022, for its next-generation industry cloud enterprise resource planning solution – Azentio ONEERP.
The award was formally presented to Azentio at a ceremony held at the Conrad Hotel in Dubai, UAE on Tuesday, October 11th. The aim of the award programme, organised by CXO Insight Middle East, is to spotlight organisations that are making smart business decisions with emerging technologies and fueling the growth of the ICT sector in the region.
In HealthTech news this week…
Haleon and Microsoft use AI to enhance health product accessibility for people who are blind or partially sighted Haleon, a global leader in consumer health, and Microsoft Corp. announced a new collaboration to make everyday health more accessible for people who are blind, have low vision or have difficulty reading product labels due to low literacy. Together, the companies are expanding functionality in the Microsoft Seeing AI app to provide consumers with more detailed labelling information for over 1,500 Haleon products across the U.S. and U.K. Seeing AI is a free mobile app designed to help people who have trouble seeing by narrating the world around them.
With today’s launch on World Sight Day, people will hear packaging information through Seeing AI by scanning the barcode of Haleon products. This will provide an audio read-out of important information, such as product name, ingredients and usage instructions. Through Seeing AI’s enhanced functionality, Haleon will help empower people to care for their own health independently by listening to label information narrated through the Seeing AI application.
Ciox Health creates platform for providers to offer patients immediate access to their medical records As the industry leader in compliant exchange of medical data, Ciox, a Datavant company, partners with health systems to efficiently deliver patient-requested electronic health information (EHI) – a core requirement of the 21st Century Cures Act. On October 6, 2022, the definition of EHI under the Cures Act expanded to include all EHI that is, or would be, in a designated record set (DRS). This broader definition increases the complexity of fulfilling requests for patient records.
To help healthcare providers comply with the 21st Century Cures Act by providing patients with easier, faster access to their medical records, Ciox has expanded Patient Request, an application that enables patients to request their records from anywhere, anytime. Patient Request now includes digital retrieval of patient medical records via application programming interfaces (API) to EMR systems. APIs enable a fully digital experience for patients – request intake, record retrieval, and record delivery are all digitized – dramatically reducing turnaround times and offering patients an improved and fully remote experience.
In Information and Communications news this week…
OpenText Teams with NetScaler to Deliver Advanced Web Application Protection SecurityScorecard, the global leader in cybersecurity ratings, announced a strategic distribution partnership with Wordtext Systems, Inc. (WSI), one of the Philippines’ largest and leading IT distributors, to transform how organizations in the region navigate cyber risk.
The partnership gives organizations in the region access to SecurityScorecard’s proprietary ratings system. Using easy-to-understand A-F graded scorecards, the company and its team of industry experts provide organizations with deep analysis of cyber threat intelligence and comprehensive monitoring and assessment tools to manage third-party risk, ensure compliance reporting is accurate, and help foster more informed decisions.
Megaport and Zenlayer Announce Strategic Partnership to Extend Their Joint Global Reach to 50+ Countries Scheduled for release in the fourth quarter of 2022, the VICUNA ecosystem offers users VINA FitNet, which uses modern technology to allow online buyers to try a product on their virtual selves before buying it and earn by any action related to perfume/fashion industry.
The VR with smell further enhances the shopping experience. The platform features buyers, sellers, and reviewers who will have the opportunity to earn through their participation in multiple activities happening on the VICUNA FitNet.
