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97% of CEOs plan AI integration, but only 1.7% feel fully prepared. New research highlights what's getting in the way of progress – and how CEOs plan to shift ambition into action. News summary: While 4 out of 5 CEOs recognize AI's potential, many worry gaps in their understanding will impact strategic decisions, risking missed opportunities and falling behind competitors. Over 70% fear losing ground due to gaps in IT knowledge or network infrastructure, with more than half already seeing competitive losses from underinvestment in technology. CEOs plan to stay ahead by investing in their people, modernizing infrastructure, and strengthening cybersecurity, with 96% relying on trusted partners to future-proof their network for AI. AMSTERDAM, Feb. 10, 2025 /PRNewswire/ -- CISCO LIVE -- A new study from Cisco, the worldwide leader in networking and security, reveals a paradox among CEOs While 4 in 5 recognize AI's potential benefits and almost all plan to integrate AI into their operations, many fear gaps in their knowledge will hinder decisions in the boardroom (74%) and stifle growth (58%) – risking missed opportunities and falling behind competitors. Yet, CEOs are not standing still. With support from their IT leaders and trusted partners, they plan to empower their people, modernize infrastructure, and strengthen cybersecurity to sharpen their competitive edge in an AI-driven future. CEO Barriers Cisco's Chief Product Officer, Jeetu Patel, underscores the urgency to act: "In a dynamic landscape where competition is fierce, speed decides the winners. Leaders who act decisively today to build resilient, future-proofed networks will be the AI-forward leaders driving real value for their business. Eventually there will be only two kinds of companies: those that are AI companies, and those that are irrelevant." CEOs fear the mounting costs of inactionCisco's research shows more than 70% of CEOs are concerned about losing ground to competitors and missing out on opportunities because of IT and infrastructure gaps – fears that are already translating into real losses. Over half of CEOs (53%) worry that a lack of investment in technology is costing them competitive advantage, while two-thirds are concerned about the opportunity costs of not investing more in technology. The costs of inaction aren't hypothetical scenarios. If they don't invest in technology now, CEOs expect higher operating costs, lower profits, reduced productivity, and declining market share. The bold act while others fall behindFor the leaders who confront their fears, the rewards will transcend simply "keeping up." CEOs are turning to AI for its transformative potential: driving efficiency (69%), spurring innovation (68%), and outpacing competitors (54%). But fulfilling that ambition requires CEOs to break down the barriers holding them back from realizing AI's potential: skills shortages, infrastructure gaps, and security risks (Figure 1). While CEOs focus on the bigger picture, their CIOs and CTOs are often grappling with operational hurdles including the lack of compelling business use cases – a challenge CEOs rank lower (Figure 1). This tension perhaps reflects AI's exploratory phase, where the 82% of CEOs who recognize AI's potential benefits must support bold experimentation in the short term to uncover value in the long term. Oliver Tuszik, President of Cisco EMEA, highlights the opportunity: "Whole businesses will be revolutionized if they can unlock AI's potential to innovate faster, simplify their operations, and withstand digital disruptions. But no one can do it alone. That's why 96% of CEOs are leaning on trusted partners to make the leap." The CEO's Blueprint: People, infrastructure, and cybersecurityCisco's research reveals CEOs' plan to turn fear into progress – investing in knowledge and skills, upgrading infrastructure, and enhancing security to prepare for the demands of AI (Figure 2). Delivering on this blueprint will require decisive technology leadership both within the organisation and through trusted partnerships. CEOs are increasingly looking to their CTOs and CIOs, with nearly 80% recognising their vital role in guiding business and investment decisions. More and more, technology leaders are business leaders who see modern networks and technology not just as tools, but as enablers of growth, resilience, and innovation. CEOs know they can't deliver on their blueprint without expert support: 96% are turning to trusted partnerships to future-proof their network for AI. With bold technology leadership inside and beyond their organizations, the CEOs have the expertise to navigate uncertainties and translate AI's potential into tangible outcomes. Cisco continues to help organizations overcome complexity and create opportunity in the AI eraSkills shortages, implementation challenges, AI-ready infrastructure, and cybersecurity are top concerns for IT teams and leaders across industries. Cisco's upcoming announcements aim to address these challenges: closing gaps between security and networking for AI data centres, empowering Service Providers with new revenue-generating tools, and equipping the next generation of AI-forward professionals with enhanced certifications. Download highlights from Cisco's CEO research hereThe CEO study, conducted by Opinion Matters (24 Dec 2024–2 Jan 2025), surveyed 2,503 CEOs from companies with 250+ employees worldwide. A companion study with 8,065 senior networking leaders will follow in the coming months, exploring the strategic and operational needs of AI-era networking and security. Additional resources: Cisco's 2025 AI Briefing: CEO Edition – essential insight on CEO fears, ambitions, and action on AI and secure networks Press release: Cisco Unveils AI Defense to Secure the AI Transformation of Enterprises Blog: Protecting AI so AI can improve the world, safely About Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company. CEO Blueprint
COMMERCE, Mich., Feb. 6, 2025 /PRNewswire/ -- Nuspire, a leading managed security services provider (MSSP) and a PDI Technologies company, today released its Q4 and Full Year 2024 Cyber Threat Report, providing a comprehensive analysis of the evolving cyber threat landscape. The latest report reveals a significant increase in ransomware extortion publications, a shift in ransomware group dominance, and a continued rise in exploit attempts. Clop Ransomware Surges as Top Threat Actor According to the report, ransomware extortion publications rose by 46% compared to Q3, with Clop ransomware emerging as the most active group, surpassing RansomHub. Clop, known for its double-extortion tactics, leveraged multiple zero-day vulnerabilities throughout Q4, significantly impacting the Professional & Technical Services industry, which remained the most targeted sector. "The sharp increase in ransomware extortions in Q4 2024, particularly from Clop, signals an alarming escalation in cybercriminal operations," said Justin Heard, Director of Security Operations at Nuspire. "Threat actors continue to evolve their tactics, making it critical for organizations to enhance their proactive threat detection capabilities and incident response strategies, and we will continue to watch this in 2025." Key Findings from Nuspire's Q4 2024 Cyber Threat Report Ransomware Trends 2,247 ransomware extortion publications were reported, a 46% increase from Q3 2024. Clop overtook RansomHub as the most active ransomware group, while Akira, Funksec, and Bashe entered the top five. Finance & Insurance emerged as the third-most targeted industry, rising from fifth place in Q3 2024. Exploit Activity Exploit attempts increased by 72% compared to Q3 2024, with 29,180,763 exploit events detected. Hikvision camera vulnerabilities (CVE-2021-36260) and Bash vulnerabilities (CVE-2014-6271) saw significant increases in exploitation attempts (56% and 77%, respectively). Firewall and VPN technologies remain top targets, as cybercriminals seek to bypass perimeter defenses. Dark Web Trends Dark web marketplace listings decreased by 32% from Q3 2024, with 1,316,660 raw log listings and 590,762 credit card listings available for sale. Lumma Stealer, a persistent malware-as-a-service (MaaS) infostealer, continued to thrive, harvesting sensitive data for resale on illicit marketplaces. "Cybercriminals are refining their attack strategies, targeting critical infrastructure and high-value data sources," said Josh Smith, Principal Threat Intelligence Analyst at Nuspire. "Organizations must remain vigilant, employing a combination of AI-driven threat intelligence, robust patch management, and employee security training to mitigate these evolving risks." Mitigation and Security Recommendations To help businesses combat the latest cyber threats, Nuspire recommends: Enhancing endpoint detection and response (EDR) solutions to swiftly detect and contain ransomware attacks. Implementing dark web monitoring to identify compromised credentials and data before they are weaponized. Applying timely system patches to protect against newly discovered exploits, particularly in remote access technologies. Strengthening cybersecurity awareness training to reduce the risk of phishing-based ransomware infections. Access the complete report online at Nuspire's Q4 and Full Year 2024 Cyber Threat Report. About PDI Security and Network SolutionsWith over 25 years of expertise, PDI Security and Network Solutions (formerly known as Nuspire) is redefining cybersecurity and network management through intelligent unification and unparalleled protection. The company delivers fully managed security and network services, including managed detection and response (MDR), endpoint detection and response (EDR), Firewall as a Service, 5G as a Service, and Wi-Fi as a Service. The technology-agnostic platform seamlessly integrates human expertise, advanced AI, and innovative technologies, providing holistic visibility across security and network infrastructure. Staffed by highly trained security experts, PDI 24/7 SOCs help organizations stay ahead of emerging threats while optimizing their technology investments. Learn more about PDI Security and Network Solutions. For more information, contact: claire.spahr@pditechnologies.com
Highlights (fourth-quarter 2024 versus fourth-quarter 2023, unless otherwise noted): Reported revenues of $4.9 billion, up 10 percent; organic revenues* up 10 percent GAAP operating margin up 110 bps; adjusted operating margin* up 70 bps Adjusted EBITDA margin* of 18.3 percent, up 110 bps GAAP continuing EPS of $2.67; adjusted continuing EPS* of $2.61, up 20 percent Organic bookings up 2 percent, led by Americas Commercial HVAC, up high single-digits Highlights (full-year 2024 versus full-year 2023, unless otherwise noted): Reported revenues of $19.8 billion, up 12 percent; organic revenues up 12 percent GAAP operating margin up 120 bps; adjusted operating margin up 130 bps Adjusted EBITDA margin of 19.4 percent, up 140 bps GAAP continuing EPS of $11.35; adjusted continuing EPS of $11.22, up 24 percent Strong free cash flow conversion* of 109 percent Bookings of $20.3 billion, up 11 percent, led by Americas Commercial HVAC, up 14 percent $6.75 billion backlog, well positioned for growth in 2025 *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations. SWORDS, Ireland, Feb. 6, 2025 /PRNewswire/ -- Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $2.67 for the fourth quarter of 2024. Adjusted continuing EPS was $2.61, up 20 percent. Fourth-Quarter 2024 Results Financial Comparisons - Fourth-Quarter Continuing Operations $, millions except EPS Q4 2023 Q4 2023 Y-O-YChange Organic Y-O-Y Change Bookings $4,659 $4,534 3 % 2 % Net Revenues $4,874 $4,424 10 % 10 % GAAP Operating Income $808 $688 17 % GAAP Operating Margin 16.6 % 15.5 % 110 bps Adjusted Operating Income* $794 $688 15 % Adjusted Operating Margin* 16.3 % 15.6 % 70 bps Adjusted EBITDA* $894 $761 17 % Adjusted EBITDA Margin* 18.3 % 17.2 % 110 bps GAAP Continuing EPS $2.67 $2.23 20 % Adjusted Continuing EPS $2.61 $2.17 20 % Pre-Tax Non-GAAP Adjustments, net** $(13.2) $0.7 $(13.9) **For details see table 2 and 3 of the news release. "I'm proud of our talented team for delivering another year of standout financial performance in 2024," said Dave Regnery, chair and CEO, Trane Technologies. "We achieved record financial results with strong organic revenue growth of 12%, powerful free cash flow conversion of 109% and adjusted earnings per share growth of 24% – our fourth consecutive year of earnings per share growth of 20% or more. Since launching Trane Technologies in 2020, we have delivered a compound annual revenue growth rate of 12%, realized free cash flow conversion of 108% of adjusted net earnings, expanded EBITDA margins by 400 basis points and deployed approximately $12 billion of capital. With our focused sustainability strategy, proven business operating system, and relentless investment in future growth and innovation, we expect continued strong performance in 2025 and are well positioned to deliver differentiated shareholder returns over the long term." Highlights from the Fourth Quarter of 2024 (all comparisons against fourth-quarter 2023 unless otherwise noted): Delivered strong revenue, operating income, EBITDA and EPS growth. Strong bookings of $4.7 billion, up 3 percent; organic bookings were up 2 percent. Enterprise reported revenues and organic revenues were both up 10 percent. GAAP operating margin was up 110 basis points, adjusted operating margin was up 70 basis points and adjusted EBITDA margin was up 110 basis points. Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment. Fourth-Quarter Business Review (all comparisons against fourth-quarter 2023 unless otherwise noted) Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, energy services and solutions, residential heating and cooling; and transport refrigeration systems and solutions. $, millions Q4 2024 Q4 2023 Y-O-Y Change Organic Y-O-Y Change Bookings $3,676.5 $3,625.2 1 % 1 % Net Revenues $3,802.5 $3,390.3 12 % 11 % GAAP Operating Income $685.0 $566.8 21 % GAAP Operating Margin 18.0 % 16.7 % 130 bps Adjusted Operating Income $669.3 $562.6 19 % Adjusted Operating Margin 17.6 % 16.6 % 100 bps Adjusted EBITDA $741.4 $613.5 21 % Adjusted EBITDA Margin 19.5 % 18.1 % 140 bps Bookings of $3.7 billion, up 1 percent. Strong Commercial HVAC bookings, up high single-digits. Reported revenues were up 12 percent, including approximately 1 percentage point related to acquisitions. Organic revenues were up 11 percent. GAAP operating margin was up 130 basis points, adjusted operating margin was up 100 basis points and adjusted EBITDA margin was up 140 basis points. Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment. Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. $, millions Q4 2024 Q4 2023 Y-O-Y Change Organic Y-O-Y Change Bookings $614.8 $570.2 8 % 9 % Net Revenues $690.3 $654.6 5 % 7 % GAAP Operating Income $119.8 $111.7 7 % GAAP Operating Margin 17.4 % 17.1 % 30 bps Adjusted Operating Income $119.1 $111.7 7 % Adjusted Operating Margin 17.3 % 17.1 % 20 bps Adjusted EBITDA $130.4 $122.4 7 % Adjusted EBITDA Margin 18.9 % 18.7 % 20 bps Strong bookings up 8 percent; organic bookings up 9 percent. Reported revenues were up 5 percent including approximately 2 percentage points of negative foreign exchange impact. Organic revenues were up 7 percent. GAAP operating margin was up 30 basis points, adjusted operating margin was up 20 basis points and adjusted EBITDA margin was up 20 basis points. Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment. Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. $, millions Q4 2024 Q4 2023 Y-O-Y Change Organic Y-O-Y Change Bookings $367.8 $339.1 8 % 8 % Net Revenues $381.2 $379.2 1 % 1 % GAAP Operating Income $94.3 $85.7 10 % GAAP Operating Margin 24.7 % 22.6 % 210 bps Adjusted Operating Income $96.1 $84.9 13 % Adjusted Operating Margin 25.2 % 22.4 % 280 bps Adjusted EBITDA $100.9 $89.7 12 % Adjusted EBITDA Margin 26.5 % 23.7 % 280 bps Reported and organic bookings both up 8 percent. Reported and organic revenues were both up 1 percent. GAAP operating margin was up 210 basis points, adjusted operating margin was up 280 basis points and adjusted EBITDA margin was up 280 basis points. Positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment. Full-Year 2024 Results (all comparisons against full-year 2023 unless otherwise noted) Financial Comparisons - Full-year Continuing Operations $, millions except EPS 2024 2023 Y-O-Y Change Organic Y-O-Y Change Bookings $20,286 $18,281 11 % 11 % Net Revenues $19,838 $17,678 12 % 12 % GAAP Operating Income $3,500 $2,894 21 % GAAP Operating Margin 17.6 % 16.4 % 120 bps Adjusted Operating Income $3,487 $2,888 21 % Adjusted Operating Margin 17.6 % 16.3 % 130 bps Adjusted EBITDA $3,846 $3,184 21 % Adjusted EBITDA Margin 19.4 % 18.0 % 140 bps GAAP Continuing EPS $11.35 $8.89 28 % Adjusted Continuing EPS $11.22 $9.04 24 % Strong bookings of $20.3 billion, up 11 percent. Reported and organic revenues were both up 12 percent. GAAP operating margin was up 120 basis points, adjusted operating margin was up 130 basis points and adjusted EBITDA margin was up 140 basis points. Strong volume, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment. Balance Sheet and Cash Flow $, millions 2024 2023 Y-O-Y Change Cash From Continuing Operating Activities Y-T-D $3,178 $2,427 $751 Free Cash Flow Y-T-D* $2,789 $2,151 $638 Working Capital/Revenue* 0.8 % 3.0 % 220 bps decrease Cash Balance 31 December $1,590 $1,095 $495 Debt Balance 31 December $4,770 $4,780 ($10) Full-year 2024 cash flow from continuing operating activities was $3.2 billion. Full-year 2024 free cash flow was $2.8 billion, 109 percent of adjusted net earnings. For full-year 2024, the Company deployed or committed $2.5 billion including approximately $760 million for dividends, approximately $470 million for M&A and $1.3 billion for share repurchases. The Company expects to continue to pay a competitive and growing dividend and to deploy 100 percent of excess cash to shareholders over time. Full-Year 2025 Guidance The Company expects full-year 2025 reported revenue growth of approximately 6.5 percent to 7.5 percent; organic revenue growth of approximately 7 percent to 8 percent versus full-year 2024. The Company expects GAAP and adjusted continuing EPS for full-year 2025 of $12.70 to $12.90. Additional information regarding the Company's 2025 guidance is included in the Company's earnings presentation found at www.tranetechnologies.com in the Investor Relations section. This news release includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, anticipated capital commitments for M&A activity, and our capital allocation strategy; our available liquidity; our anticipated revenue growth, and the performance of the markets in which we operate. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, global economic conditions, including recessions and economic downturns, inflation, volatility in interest rates and foreign exchange; trade protection measures such as import or export restrictions, tariffs, or quotas; changing energy prices; worldwide geopolitical conflict; financial institution disruptions; climate change and our sustainability strategies and goals; future health care emergencies on our business, our suppliers and our customers; commodity shortages; price increases; government regulation; restructurings activity and cost savings associated with such activity; secular trends toward decarbonization, energy efficiency and internal air quality, the outcome of any litigation, including the risks and uncertainties associated with the Chapter 11 proceedings for our deconsolidated subsidiaries Aldrich Pump LLC and Murray Boiler LLC; cybersecurity risks; and tax audits and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events and how they may affect the Company. We assume no obligation to update these forward-looking statements. This news release also includes non-GAAP financial information, which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non-GAAP financial information and reconciliation to GAAP are attached to this news release. All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, adjusted EBITDA and per share amounts are attributed to Trane Technologies' ordinary shareholders. Trane Technologies (NYSE:TT) is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more information, visit tranetechnologies.com. # # # 2/6/2025 (See Accompanying Tables) Table 1: Condensed Consolidated Income Statement Tables 2 - 7: Reconciliation of GAAP to Non-GAAP Table 8: Condensed Consolidated Balance Sheets Table 9: Condensed Consolidated Statement of Cash Flows Table 10: Balance Sheet Metrics and Free Cash Flow
Global Partners and Distributors Recognized for Outstanding Contributions to CybersecuritySINGAPORE - Media OutReach Newswire - 6 February 2025 - SonicWall proudly honored its exceptional partners and distributors at the annual SonicWall Partner Awards, celebrating their unwavering commitment to safeguarding customers in a dynamic and increasingly complex threat landscape. This prestigious award acknowledges partner organizations worldwide that have demonstrated remarkable dedication to delivering innovative cybersecurity solutions. "While partners have been key to SonicWall's success for over 30 years, our dramatic transformation over the last two years is directly attributable to SonicWall stepping it up and taking a relentless focus on our valued partners, said SonicWall CEO and President Bob VanKirk. "That's meant listening to and acting upon their key needs and feedback, which has in turn shaped our roadmaps (organic and inorganic), the delivery of technical support (reduced wait times with immediate access to higher tiers of support), how we charge for our products and services, sales resource alignment, and much, much more. Many of our partners posted record years in 2024, and we couldn't be more pleased about that. These awards are a small token of thanks and recognition of the strategic value SonicWall's partners have and will continue to play in shaping and driving SonicWall's business." "The 2025 SonicWall Partner Awards celebrate the outstanding dedication and innovation of our partners who continually raise the bar in cybersecurity excellence. This year's winners have demonstrated exceptional commitment to protecting businesses against the ever-evolving threat landscape, leveraging SonicWall's solutions to deliver proactive, strategic security. Their success is a testament to the power of strong partnerships in driving growth, resilience, and trust in today's digital world," said SonicWall Vice President of Sales, APJ Debasish Mukherjee. Partners were nominated across various categories in each region, showcasing their outstanding performance throughout the previous year. From a large pool of nominees, SonicWall selected one partner per region in each category, highlighting their consistent excellence and exceptional service. Based on a matrix of criteria including but not limited highest revenue, partner count, highest growth, etc. SonicWall is excited to announce the following winners for the Asia, Pacific & Japan: Distributor of the Year - ANZ DICKER DATA AUSTRALIA Partner of the Year - ANZ VIRTUAL GRAFFITI AUSTRALIA Enterprise Partner of the Year - ANZ DYNATEK SOLUTIONS PTY LTD Newcomer of the Year - ANZ COM-X PTY LTD Partner Sales Hero of the Year - ANZ MARK WHITTINGTON - OZDOC SOLUTIONS PARTNERSHIP Distributor of the Year - ASEAN MEC NETWORKS CORPORATION Partner of the Year - ASEAN PENTECH SOLUTION SDN BHD Enterprise Partner of the Year - ASEAN ACCENT MICRO TECHNOLOGIES, INC. Managed Security Partner of the Year - ASEAN PT MAXINDO MITRA SOLUSI Newcomer of the Year - ASEAN ST ENGINEERING UNMANNED AND INTEGRATED SYSTEMS PTE LTD Partner Sales Hero of the Year - ASEAN SIVA ANNADURAI - XCESS NETWORKS MALAYSIA SDN BHD Distributor of the Year - GCR DATA WORLD COMPUTER & COMMUNICATIONS LTD Partner of the Year - GCR NANJING YINQIANG INFORMATION TECHNOLOGY CO., LTD Enterprise Partner of the Year - GCR IT CHECK SOLUTIONS, INC Newcomer of the Year - GCR SHIH CHIANG LTD Partner Sales Hero of the Year - GCR CARY WU - SHENZHEN SECUUNION INFO-TECH Distributor of the Year - INDIA & SAARC INFLOW TECHNOLOGIES PVT. LTD Partner of the Year - INDIA & SAARC eCAPS Partner of the Year - INDIA & SAARC UNITED CONSTRUCTION COMPANY LIMITED Enterprise Partner of the Year - INDIA & SAARC SAFEZONE SECURE SOLUTIONS PRIVATE LIMITED Newcomer of the Year - INDIA & SAARC VS SQUARE INFO SOLUTIONS Partner Sales Hero of the Year - - INDIA & SAARC PARAMALINGAM S - SAFEZONE SECURE SOLUTIONS Distributor of the Year - JAPAN MARUBENI INFORMATION SYSTEMS CO.,LTD. Partner of the Year - JAPAN NIHON ICS CO.,LTD. Newcomer of the Year - JAPAN KOKUSAI JOHO NET Partner Sales Hero of the Year - JAPAN KYOYA SAKAKIBARA - NEC FIELDING, LTD. Partner Technical Hero of the Year - JAPAN TOMOYUKI TOKIAN - TANAKA ELECTRIC INDUSTRIES CO., LTD. Distributor of the Year - KOREA SECUWIDE CORP. Partner of the Year - KOREA KICHANG INFOTECH INC. Newcomer of the Year - KOREA GODUNBIZ Partner Sales Hero of the Year - KOREA YEON DONGHO - CORE IT.CO.,LTD To see all the winners, please visit: https://www.sonicwall.com/partnerawards. SonicWall takes great pride in recognizing the contributions of its partners and distributors each year, acknowledging their vital role in protecting customers from evolving cyber threats. For more information about the Partner Awards, please visit: https://www.sonicwall.com/partnerawards. Hashtag: #SonicWallThe issuer is solely responsible for the content of this announcement.About SonicWallSonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as the leading partner-first company. With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users. With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization—enterprise, government agencies and SMBs—around the world. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.
KUALA LUMPUR, Malaysia, Feb. 05, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), a leading innovator in AI-driven enterprise solutions, today announced the development of a next-generation AI aggregator platform. Designed to streamline AI integration, the platform will provide seamless access to major AI models, such as DeepSeek, OpenAI’s ChatGPT, Anthropic’s Claude, Google Gemini, Mistral AI, and other emerging AI technologies. According to research by Future Market Insights Inc., global AI platforms sales are projected to reach approximately US$150 billion by 2034, reflecting a compound annual growth rate (CAGR) of over 20% from 2024 to 2034. Meanwhile, the AI agents market is expected to grow to nearly US$50 billion by 2030, primarily driven by advancements in natural language processing. According to Markets and Markets, this sector is set to experience a remarkable CAGR of almost 50% between 2024 and 2030. The rising demand for AI solutions highlights businesses’ increasing reliance on AI models for decision-making, automation, and customers engagement. VCI Global’s AI aggregator will streamline multi-model integration, enhancing efficiency and performance. The platform will be deployed across Asia, Europe, and United States, catering to industries such as finance, healthcare, customer service, and e-commerce. AI Aggregator: The Future of Enterprise AI Integration The VCI Global AI aggregator platform offers: Multi-AI Access – Connect effortlessly to ChatGPT, DeepSeek, Anthropic’s Claude, Google Gemini, Mistral AI, and open-source alternatives through a single interface. Cost Optimization – Dynamically select the most efficient AI models based on pricing, response quality, and latency to optimize resource allocation. Customization and Automation – Route AI requests to the most suitable models for specific tasks, such as leveraging ChatGPT for natural language processing and DeepSeek for research-driven queries. Enterprise-Grade Security and Compliance – Ensure regulatory adherence with built-in data encryption, advanced privacy controls, and region-specific compliance for businesses in Europe, the United States, and Asia. Development Underway, Market Launch Targeted VCI Global’s development team is actively working on the platform, with a planned launch by the fourth quarter of 2025. The company is collaborating with AI developers, enterprises, and industry experts to ensure the platform delivers maximum value to corporations, developers, and technology providers. “Our AI aggregator platform will transform how enterprises interact with AI technologies by simplifying integration and enabling businesses to seamlessly leverage the most suitable AI models for their specific needs, while scaling their AI capabilities without being locked into a single provider,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co
Quantinuum Unveils Generative Quantum AI Framework that Harnesses Unique Quantum-Generated Data to Tackle Complex Problems Impossible for Classical Computing BROOMFIELD, Colo. and LONDON, Feb. 4, 2025 /PRNewswire/ -- Quantinuum today announced a groundbreaking Generative Quantum AI framework (Gen QAI) – leveraging unique quantum-generated data to enable commercial applications in areas ranging from the development of new medicines, precise predictive modeling of financial markets and real-time optimization of global logistics and supply chains. The potential of these three capabilities alone is immense, and this framework is set to unlock solutions to other complex problems that classical computing cannot address. Quantinuum's System Model H2, the world's highest performing commercially available quantum computer. For the first time, data generated by Quantinuum's powerful H2 quantum computer can be harnessed to train AI systems, significantly enhancing the fidelity of AI models, allowing them to tackle challenges previously deemed unsolvable. Through this achievement, Quantinuum is setting a new standard for AI training and problem-solving across various industries. "We are at one of those moments where the hypothetical is becoming real and the breakthroughs made possible by the precision of this quantum-generated data will create transformative commercial value across countless sectors. Gen QAI is a direct result of our full-stack capabilities and our leadership in hybrid classical-quantum computing, delivering an entirely new approach that stands to revolutionize AI," said Dr. Raj Hazra, President and CEO of Quantinuum. On February 4, Dr. Hazra will join an expert panel at the 2025 International Year of Quantum (IYQ) ceremony in Paris to share further insights into our groundbreaking Gen QAI development. "While some may suggest that a standalone quantum computer is still years away, the commercial opportunities from this breakthrough are here and now," said Dr. Thomas Ehmer from the Healthcare business sector of Merck KGaA, Darmstadt, Germany. "The generation of meaningful synthetic data, specifically when you do not have many training data, is nontrivial and we see it as a new era for AI unlocked by quantum technologies. The Helios system, launching later this year will hopefully enable AI to be used in unprecedented ways and unlocking transformative potential across industries." Gen QAI leverages the unique capabilities of quantum computing to explore data complexities far beyond what classical computing systems and GPUs can handle. Quantinuum is collaborating with industry partners on Generative AI projects that harness the power of quantum computing in sectors such as automotive, pharmaceuticals and materials science. In the coming months, Quantinuum will share results from ongoing collaborations, showcasing the groundbreaking potential of quantum-driven advancements in Generative AI. One notable collaboration is with the HPE Group in Italy, focusing on utilizing quantum computing in the automotive sector. Enzo Ferrari, Executive Vice President of HPE Group, stated, "At HPE, we have a long-standing tradition of employing cutting-edge technologies for our clients in the motorsport industry. We are thrilled about our collaboration with Quantinuum, leveraging quantum-generated data for applications such as battery development, aerodynamic optimization and fuel innovation." As quantum computing gains significance globally, Quantinuum anticipates that its upcoming Helios system will exponentially extend computational capabilities, operational by mid-2025 for applications in drug discovery and addressing climate challenges. In particular, the innovative Gen QAI capability will enhance and accelerate the use of Metallic Organic Frameworks for drug delivery, paving the way for more efficient and personalized treatment options, with details to be unveiled at the launch of Helios. This announcement also comes on the heels of Quantinuum's recently expanded partnership with SoftBank, underscoring the company's accelerating commercial momentum. About Quantinuum Quantinuum, the world's largest and leading integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum's technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. For more information, please visit the website at www.quantinuum.com
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