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Global mobile network data traffic projected to grow almost 200 percent between 2024 and the end of 2030 6.3 billion global 5G subscriptions forecast by the end of 2030 - of which 60 percent are expected to be 5G SA Report includes case studies from T-Mobile (U.S.A.), Elisa (Finland), and stc (KSA) STOCKHOLM, Nov. 26, 2024 /PRNewswire/ -- 5G Standalone (5G SA) and 5G Advanced are expected to be key focuses for communications service providers (CSPs) for the remainder of the decade as they deploy new capabilities to create offerings centered on value delivery rather than data volume. The analysis is included among a wealth of statistical network insights in the November 2024 edition of the Ericsson (NASDAQ: ERIC) Mobility Report, which extends the forecast period until the end of 2030. While the rate of mobile network traffic data growth is declining - estimated at 21 percent year-on year for 2024 - it is still expected to grow almost three-fold by the end of 2030 from present day numbers. The report highlights how early-mover service providers are already offering value delivery models based on differentiated connectivity - guaranteed uninterrupted high-end connectivity when you need it most - to create new monetization and growth opportunities. Related case studies from T-Mobile in the U.S. and Elisa in Finland are included. Fredrik Jejdling, Executive Vice President, Head of Business Area Networks, Ericsson, says: "Service differentiation and performance-based opportunities are crucial as our industry evolves. This is highlighted in the November 2024 Ericsson Mobility Report, which includes detailed analysis, statistical insights, and customer use cases. The shift towards high-performing programmable networks, enabled by openness and cloud, will empower service providers to offer and charge for services based on the value delivered, not merely data volume. This report offers valuable insights into what our industry can achieve and the steps necessary to get there." The report underlines the global potential for differentiated connectivity development by highlighting that, beyond China, 5G mid-band is currently only deployed at about 30 percent of sites globally. Of about 320 CSPs currently offering commercial 5G services, less than 20 percent are 5G SA. The densification of mid-band and 5G SA sites is seen as a key catalyst to capitalize on the full potential of 5G, including programmable and intelligent network capabilities. Almost 60 percent of the 6.3 billion global 5G subscriptions forecast by the end of 2030 are expected to be 5G Standalone (SA) subscriptions. On global mobile data traffic, 5G networks are expected to carry about 80 percent of total mobile data traffic by the end of 2030 - compared to 34 percent by the end of 2024. Fixed Wireless Access (FWA) continues to grow in popularity globally as the second largest 5G use case after enhanced Mobile Broadband (eMBB). In four out of six regions, more than 80 percent of CSPs now offer FWA. The number of FWA service providers offering speed-based tariff plans - with downlink and uplink data parameters similar to cable or fiber offerings - has increased from 30 percent to 43 percent in the last year alone. Western Europe has witnessed rapid growth in FWA speed-based offerings with 52 percent of CSPs in the region now doing so compared to 32 percent a year ago. Europe alone accounts for 73 percent of all 5G FWA launches globally in the past 12 months. Of the 350 million projected global FWA connections by the end of 2030, almost 80 percent are forecast to be over 5G. The report also addresses how AI, including Generative AI Applications - already integrated across smartphones, laptops, watches and FWA products - could impact uplink and downlink network traffic, driving potential mobile traffic growth beyond current baseline predictions. Other featured report statistics include the projection that global 5G subscriptions are expected to reach almost 2.3 billion by the end of 2024, amounting to 25 percent of all global mobile subscriptions. 5G subscription numbers are expected to overtake the global number of 4G subscriptions during 2027. The first 6G deployments are expected in 2030, building on and scaling the capabilities of 5G SA and 5G Advanced. The 40-page report includes three case study articles: T-Mobile takes network slicing from pilots to real-world scenarios (with T-Mobile in the U.S. About network slicing use cases.) Premium FWA services enabled in Finland with 5G SA (with Elisa in Finland. About Elisa's 5G SA FWA offering.) A multi-New Radio (NR) carrier strategy for best performance (with stc in the Kingdom of Saudi Arabia (KSA). Ericsson will host Ericsson Mobility Report online seminars at 09.00 (CET) and at 18.00 (CET) on Tuesday, December 3. To join please register via this link. Read the full November 2024 Ericsson Mobility Report via this link. Based on unique Ericsson and partner network insights, the Ericsson Mobility Report has been the key industry reference for network data, performance, statistics, and forecasts since its launch in 2011. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps://x.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson Newsroommedia.relations@ericsson.com (+46 10 719 69 92)investor.relations@ericsson.com (+46 10 719 00 00) ABOUT ERICSSON Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/ericsson-mobility-report--early-movers-pursue-performance-based-business-models,c4070965 The following files are available for download: https://mb.cision.com/Main/15448/4070965/3132125.pdf PDF Ericsson Mobility Report: early movers pursue performance-based business models https://news.cision.com/ericsson/i/ericsson-mobility-report-november-2024-cover-image,c3354798 Ericsson Mobility Report November 2024 cover image
Unveiled at EVOLVE24, the unified platform will reduce total cost of ownership and provide a single source of truth for all enterprise data SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced an integration with Snowflake, the AI Data Cloud company, to bring enterprises an open, unified hybrid data lakehouse, powered by Apache Iceberg. Now, enterprises can leverage the combination of Cloudera and Snowflake—two best-of-breed tools for ingestion, processing, and consumption of data—for a single source of truth across all data, analytics, and AI workloads. Data is a business’s most powerful asset. It drives informed decision-making, provides a competitive advantage, and reveals opportunities for innovation. A 2022 study revealed that 80% of businesses report higher revenue due to real-time data analytics, and 98% report an increase in positive customer sentiment due to leveraging data. However, to fully harness the power of data, businesses need a single, unified source of truth for storing, managing, and governing all enterprise data, regardless of where it resides. Cloudera has extended its Open Data Lakehouse interoperability to Snowflake, allowing joint customers seamless access to Cloudera’s Data Lakehouse via its Apache Iceberg REST Catalog. Customers benefit from an optimized data platform powered by Apache Iceberg, which enables them to ingest, prepare, and process their data with best-in-class tools. Also, Snowflake users can now query data stored on Cloudera’s Ozone, an on-premises AWS S3-compatible object storage solution, directly from Snowflake. Customers now have access to all major form factors from one cohesive collaboration, on-premise, and as a platform-as-a-service (PaaS) and software-as-a-service (SaaS). In addition to enabling greater interoperability between the two systems, Cloudera customers will experience the ease of Snowflake’s Business Intelligence engine. The Snowflake engine can access data from Cloudera’s Open Data Lakehouse without requiring data duplication or transfer, reducing complexity, streamlining operations, and maintaining data integrity. Moreover, this collaboration leads to a reduction in the total cost of ownership of the integrated stack for enterprises. The elimination of data and metadata silos, rationalization of data pipelines, and streamlining of operational efforts are key factors in this cost reduction. These improvements help deliver analytics and AI use cases at scale more efficiently, further enhancing the value proposition for businesses leveraging both Cloudera and Snowflake. This strategic integration not only optimizes analytic workflows but also provides a robust framework for enterprises to drive innovation and gain competitive advantages in their respective markets. Additional benefits of this integration include: Managed Iceberg Tables: Iceberg tables enhance data performance and reliability, allowing joint customers to unlock the full potential of their data through better organization, faster queries, and simplified data management, regardless of where the data is stored. Best-of-Breed Engines: Joint customers benefit from top-tier engines to ingest, prepare, and manage their data, enabling seamless management of both artificial intelligence (AI) and business intelligence workloads. Unified Security and Governance: This integration consolidates data security and governance across the entire data lifecycle. Joint customers can apply consistent security measures, track data origin and movement, and manage metadata within a single platform, on-premises or the cloud. “By extending our open data lakehouse capabilities through Apache Iceberg to Snowflake, we're enabling our customers to not only optimize their data workflows but also unlock new opportunities for innovation, efficiency, and growth,” said Abhas Ricky, Chief Strategy Officer of Cloudera. “This will help customers simplify their data architecture, minimize data pipelines, and reduce total cost of ownership of their data estate while reducing security risks. Together, Snowflake and Cloudera are bringing about the next era of data-driven decision-making for every modern organization.” "Apache Iceberg is a leading choice for customers who want open standards for data, and Cloudera has been an integral part of the Iceberg project," said Tarik Dwiek, Head of Technology Alliances at Snowflake. “Our partnership expands what's possible for customers who choose to standardize on Iceberg tables. We are excited to break down silos and deliver a unified hybrid data cloud experience with multi-function analytics to all of our customers." “Through this collaboration, customers gain access to a unified, robust data management platform that provides a single source of truth for all of their data, whether in the cloud or on-premises,” said Sanjeev Mohan, analyst at SanjMo. “This enables them to streamline and secure their data operations while efficiently analyzing and extracting insights across the entire data lifecycle – from ingestion to AI and analytics. It’s a strategic move from two industry giants to partner in a way that will deliver immediate value to businesses.” In addition, reaffirming our commitment to advancing Iceberg adoption, Cloudera is excited to announce the technical preview of Cloudera Lakehouse Optimizer. This new service autonomously optimizes your Iceberg tables, further reducing costs while significantly enhancing the performance of your Lakehouse. To learn more about this technical preview, click here. About ClouderaCloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world's largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future. To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners. ContactJess Hohn-Cabanacloudera@v2comms.com
BEIJING, Aug. 26, 2024 /PRNewswire/ -- Maoyan Entertainment ("Maoyan" or the "Company", 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the six months ended June 30, 2024. First Half 2024 Financial Highlights Revenue was RMB2,170.9 million, representing a year-over-year decrease of 1.2%, compared with RMB2,196.9 million in the first half year of 2023. Gross profit was RMB1,156.2 million, representing a year-over-year increase of 5.0%, compared with RMB1,101.2 million in the first half year of 2023. Profit was RMB284.8 million, representing a year-over-year decrease of 29.7%, compared with RMB405.2 million in the first half year of 2023. Adjusted EBITDA was RMB489.7 million, representing a year-over-year decrease of 16.2%, compared with RMB584.4 million in the first half year of 2023. Adjusted net profit[1] was RMB351.8 million, representing a year-over-year decrease of 22.8%, compared with RMB455.7 million in the first half year of 2023. [1] In the first half of 2024 and 2023, we defined adjusted net profit as net profit for the six months adjusted by adding back share-based compensation and amortization of intangible assets resulting from business combinations. BUSINESS REVIEW According to the data of Maoyan Pro (猫眼专业版), the Chinese Mainland's total box office (including service fees) in the first half of 2024 was RMB23.903 billion, representing a year-over-year decrease of 9.02%. Among the year's various promotional seasons, box office performance during some periods such as New Year's Day season, Spring Festival season and Qingming Festival season, exceeded that of the same periods last year. According to the National Performance Market Development Briefing for the First Half of 2024 (《2024年上半年全国演出市场发展简报》) released by the China Association of Performing Arts (中国演出行业协会), the box office revenue of commercial performances nationwide in the first half of 2024 was RMB19.016 billion, representing a year-over-year increase of 13.24%, and audience size increased by 27.10% year-over-year. During the Reporting Period, the number of released movies in which the Company was involved and their box office performance remained at the forefront of the industry. The Company also maintained its leading edge in terms of its distribution and promotion service capacities and market coverage. Project reserves were abundant, and the Company continued to optimize its revenue structure and record profits. Entertainment Content Services As a leading film promoter and distributor in China, we continued to actively participate in the distribution/production of domestic movies, providing a wide range of services for an increasing number of movies. During the Reporting Period, we participated in the distribution/production of 32 domestic movies, with the number of movies increasing compared to the corresponding period in the previous years. Among the top five domestic movies in terms of box office in the first half of the year, we were involved in the distribution/production of four. In the first half of 2024, we continued to iterate promotion and distribution products, enhance industry awareness, grasp market trends, and optimize our promotion and distribution strategies and organizational capabilities, thereby maintaining our competitive advantages and enhancing our capabilities in promotion and distribution. During the Reporting Period, we participated in the promotion and distribution of 31 domestic movies, and we acted as a lead distributor for 15 movies, exceeding our historical records in terms of quantity. Many of these movies achieved a top-tier box office performance during their respective release period. For example, Shining For One Thing (一闪一闪亮星星), Johnny Keep Walking! (年会不能停!) and The Goldfinger (金手指), for which we acted as a distributor and producer, ranked among the top three movies in terms of box office performance during the New Year's Day season. Pegasus 2 (飞驰人生2), for which we acted as a lead distributor/producer, performed well in terms of box office and reputation, ranking second in the box office in the Spring Festival season with a box office of RMB3.398 billion. Over the past four years, the movies in which we served as the lead distributor have consistently ranked among the top two in box office performance during the Spring Festival season. The Last Frenzy (末路狂花钱) and Be My Friend (我才不要和你做朋友呢), for which we acted as a lead distributor, became box office champions during the Labor Day season and the Dragon Boat Festival season, respectively. Based on our strong data analysis and iterative industry cognition capabilities, we continued to promote movie content development and production. We participated in the development of more than 20 movie projects, among which A Place Called Silence (默杀) began filming earlier this year and was already released in the summer season, quickly achieving a box office of more than RMB1.3 billion. Several other movies, such as Honey Money Phony ("骗骗"喜欢你), Life Party (人生会议), Endless Journey of Love (时间之子), Casual Revenge (即兴谋杀) and Running In The Rain (千金不换), are underway and progressing steadily. During the summer movie season, we distributed/produced a number of movies which were released successively, such as A Place Called Silence (默杀), Successor (抓娃娃), Decoded (解密), Go For Broke (重生) and White Snake: Afloat (白蛇：浮生), many of which performed well. Another series of movies for which we participated in distribution and production, including High Forces (危机航线), Give You A Candy (出入平安), Project P (P计划) and Honey Money Phony ("骗骗"喜欢你), are scheduled for successive release in the second half of this year. In addition, the Company has a large reserve of movie content across a wide range of types and themes. The movies in which we participated as a distributor/producer include SHE'S GOT NO NAME (酱园弄), To Gather Around (胜券在握), Dumpling Queen (水饺皇后) and Hot Pot Artist (火锅艺术家), will also be released in due course. Online Entertainment Ticketing Business Since 2024, the performance market has remained prosperous. We continued to increase our investment and develop live performance services, including online performance ticketing services, while deeply cultivating local entertainment sub-categories and innovative marketing. At the same time, we consistently improved our comprehensive service capabilities, enriched industry marketing scenarios, upgraded our on-site support and service capabilities for large-scale performances, and enhanced brand awareness and industry influence. During the Reporting Period, our business performance was highly effective. In terms of large-scale concerts, we provided services for more than 3,000 concerts, including a number of concerts featuring leading artists such as Jacky Cheung, Andy Lau and Jay Chou, and the GMV of concerts and music festivals increased by approximately 3 times year-over-year. At the local performance level, our local performance coverage rate exceeds 95%. We also supported cultural benefit activities held by various provincial and municipal governments, such as those in Shaanxi, Zhejiang, and Sichuan, which boosted local cultural tourism consumption. In overseas regions, in addition to providing support services for various performances in Hong Kong, we have also expanded businesses in new countries and regions such as Macao, and served many activities such as Time Concert-"Time Music". We also continued to actively explore cooperation scenarios in Southeast Asia, the Middle East, Latin America and other regions. At present, we have established in-depth cooperative relations with several super APPs, and will continue to strengthen these cooperations across performances and other businesses in the future. During the Reporting Period, we continued to actively provide quality movie ticketing services for the industry. Our online movie ticketing business remained stable and its competitiveness in the industry continued to rise. At the same time, we continued to strengthen in-depth cooperation with cinemas across all aspects of the industry chain, explore new business scenarios, improve platform service capabilities, enhance multi-platform collaboration effects, and jointly provide SaaS services for ticketing systems with partners, in order for us to deliver better services for customers, cinemas and industry. Concurrently, we continued to serve as the official ticketing platform for the 14th Beijing International Film Festival, marking our fourth consecutive year as a service provider for the Beijing International Film Festival. With our mature ticketing experience and technical capabilities, we provided full support for the film festival in terms of ticketing, special promotion and other aspects. We also provided service support for cultural benefit activities launched by various provincial and municipal governments, such as those in Beijing, Guangxi, Xi'an, and Hangzhou. Advertising Services and Others During the Reporting Period, we continued to integrate industry resources, expanded and extended scenarios for reaching audiences, and deeply embraced the diverse ecology and multiple scenarios we covered. For example, we successfully constructed an integrated, all-media matrix across movies, cultural tourism and business brands. We also created a live-streaming marketing model for box office periods, comprehensively upgrading the product marketing infrastructure and user experience on Douyin. Meanwhile, we initiated cooperation with Baidu's digital humans on film promotion projects to explore new ideas for the intelligent development of the film industry. To date, we have become one of the top film and television accounts on platforms such as Douyin, Weixin Channels and Xiaohongshu. The cumulative number of our new media fans exceeds 80 million, with average daily views surpassing 120 million. We continued to serve the industry with "technology + big data" solutions and consistently emphasized the integration of AI technology and the film and television industry. During the Reporting Period, we independently developed AI-related movie & TV creation software and remained committed to enhancing production capabilities through intelligent script analysis and intelligent character creation, etc., effectively improving the efficiency of the early script creation and communication process. At the same time, we also carried out multi-level cooperation across business and technologies with many AI companies in the industry, to jointly explore the application and iteration of AI technology in animation production, visual storytelling, promotion and distribution products and other fields. Our Maoyan Pro (猫眼专业版) continued to provide the industry with comprehensive, accurate and real-time data services and various refined data operation tools to promote the sharing of film data across the industry. During the Reporting Period, Maoyan Pro (猫眼专业版) further improved the industry's film data system and enhanced data visualization capabilities. For example, our film publicity campaign report launched during the Spring Festival visually depicts the event's progress by showcasing the data performance of distribution materials of films on mainstream promotional platforms. At the same time, Maoyan Pro (猫眼专业版) was officially launched on the PC side, helping industry partners to better formulate publicity strategies through basic data combination queries in more dimensions and scenarios, as well as user portrait exposure from multiple angles. During the Reporting Period, our Maoyan Research Institute (猫眼研究院) released a number of seasonal insight reports, integrating in-depth analysis on various topics, such as the "Top ten internet entertainment content trend of the year". Additionally, Maoyan Research Institute (猫眼研究院) provided early development and research services to a growing number of film and television companies in the industry and further enhanced its data analysis and industry integration capabilities, as well as commercialization opportunities, to continuously help industry partners conduct business in a more efficient way. OUTLOOK During the summer movie season, various types of movies with diverse themes were released successively and audience enthusiasm and market activity continued to improve. According to the data of Maoyan Pro, as of August 25, 2024, the box office for the summer movie season movies had surpassed RMB11.1 billion and the accumulated box office of 2024 had reached RMB32.8 billion. We will adhere to the core development strategy of "Technology + Pan-entertainment" by continuing to deepen our presence in the pan-entertainment industry while maintaining and improving our core competitiveness and profitability, remaining true to our original intention of being a dedicated "service provider" for the entire industry and working with the entire industry to create and promote high-quality movie content. In addition, we will capture the market's development trends and continuously enhance the market engagement and competitiveness of offline performance. Meanwhile, we will further explore the application of AI technology and overseas business prospects to identify new growth opportunities. Last but not least, we would like to express our sincere gratitude to all of our colleagues, shareholders, and industry partners for their trust and support. Let us forge ahead together and propel the high-quality development of the film industry and the establishment of China as a major cinematic player. About Maoyan Entertainment Maoyan Entertainment (1896.HK) is a leading technology-driven entertainment company providing diversified services and valuable industry insights in China's pan-entertainment industry. The Company's mission is to make it easy to create, deliver, and enjoy great entertainment. Based on its core development strategy of "Technology + Pan-Entertainment", the Company has grown from an online movie ticketing service provider into an innovative one-stop platform with comprehensive entertainment services. For more information, please visit https://ir.maoyan.com/. Investor Relations Contact Maoyan EntertainmentEmail: ir@maoyan.com Piacente Financial CommunicationsHelen WuEmail: maoyan@tpg-ir.com Tel: +86-10-6508-0677 Non-IFRS Financial Measures To supplement the consolidated results of the Company prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies. The Company's management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Company's core operations by excluding certain noncash items and certain impact of M&A transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Company's material associates based on available published financials of the relevant material associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises. Forward-Looking Statements This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.
Contextual Language Model (CLM) Leverages the WEKA Data Platform to Power More Secure, Accurate, and Efficient Use of Enterprise AI CAMPBELL, Calif., Aug. 8, 2024 /PRNewswire/ -- WekaIO (WEKA), the AI-native data platform company, today announced it is working with Contextual AI, the company building AI to change how the world works, to provide the data infrastructure underpinning its Contextual Language Models (CLMs). Contextual AI's CLMs are trained using RAG 2.0, a proprietary next-generation retrieval-augmented generation (RAG) approach developed by Contextual AI, now powered by the WEKA® Data Platform. CLMs power safe, accurate, and trustworthy AI applications for Fortune 500 enterprises on Contextual AI's platform. Developing the Next Generation of Enterprise AI ModelsFounded in 2023, Contextual AI delivers a turnkey platform for building enterprise AI applications powered by its state-of-the-art RAG 2.0 technology. Unlike traditional RAG pipelines, which stitch together a frozen model for embeddings, a vector database for retrieval, and a black box generation model, RAG 2.0 provides a single end-to-end integrated system, enabling higher accuracy, better compliance, less hallucination, and the ability to attribute answers back to source documents. Generative AI workloads have significant performance, data management, and computational power requirements that can make them time- and resource-intensive to train and serve. Contextual AI leverages large, diverse datasets to train its CLMs. While training, the company initially encountered performance bottlenecks and scale challenges that caused poor GPU utilization and delayed its AI model development times. Architecting a Data Management System to Maximize GPU Utilization Increasing GPU utilization is critical to ensure AI systems and workloads run at peak efficiency. The WEKA Data Platform's advanced AI-native architecture is purpose-built to accelerate every step of the AI pipeline, creating frictionless data pipelines that saturate GPUs with data to ensure they run more effectively so AI workloads run faster and more sustainably. Cloud and hardware-agnostic, WEKA's software solution is designed to be deployed anywhere, and its zero-copy, zero-tune architecture dynamically supports every AI workload profile—handling metadata operations across millions of small files during model training and massive write performance during model checkpoint operations—in a single data platform. Contextual AI deployed the WEKA Data Platform on Google Cloud to create a high-performance data infrastructure layer that manages all its datasets—100TBs in total—for AI model training. The WEKA platform delivered a significant leap in data performance that directly correlated to increasing developer productivity and accelerating model training times. In addition to fast data movement from storage to accelerator, the WEKA platform provided Contextual AI with seamless metadata handling, checkpointing, and data preprocessing capabilities that have eliminated performance bottlenecks in its training processes, improved GPU utilization and helped lower its cloud costs. "Training large-scale AI models in the cloud requires a modern data management solution that can deliver high GPU utilization and accelerate the wall clock time for model development," said Amanpreet Singh, CTO & co-founder of Contextual AI. "With the WEKA Data Platform, we now have the robust data pipelines needed to power next-gen GPUs and build state-of-the-art generative AI solutions at scale. It works like magic to turn fast, ephemeral storage into persistent, affordable data."Key Outcomes Achieved With the WEKA Data Platform: 3x Performance Improvements: Achieved a threefold increase in performance for key AI use cases thanks to a significant increase in GPU utilization. 4x Faster AI Model Checkpointing: Eliminated delays in model checkpoint completion to achieve a 4x improvement in checkpointing processes, dramatically improving developer productivity. 38% Cost Reduction: Associated cloud storage costs were reduced by 38 percent per terabyte. "Generative AI holds virtually unlimited potential to unlock insights and new value creation for enterprises, but many are still challenged with where to begin and how to move their AI projects forward," said Jonathan Martin, president at WEKA. "Contextual AI is innovating the future of enterprise AI by creating advanced generative AI solutions that help organizations tap AI's potential much, much faster. WEKA is proud to be helping Contextual AI overcome critical data management challenges to accelerate training of reliable, trustworthy AI models that will advance the AI revolution." To learn more about how Contextual AI works with WEKA to power its enterprise AI solutions, visit: https://www.weka.io/customers/contextual-ai/. About Contextual AI Contextual AI's mission is to change the way the world works through AI. Trusted by Fortune 500 companies, the Company automates complex tasks, allowing knowledge workers to focus on high-value activities. Co-founder and CEO Douwe Kiela, who pioneered the original industry-standard RAG technique, leads our team of top experts alongside Co-founder and CTO Amanpreet Singh. The team is advancing customizable generative AI applications with state of the art RAG 2.0 technology and end-to-end machine learning for enterprises across multiple use cases and sectors, including banking, semiconductors, media, and more. Headquartered in Mountain View, with offices in New York and London, Contextual AI employs over 30 people. Learn more at https://contextual.ai. About WEKA WEKA is architecting a new approach to the enterprise data stack built for the AI era. The WEKA® Data Platform sets the standard for AI infrastructure with a cloud and AI-native architecture that can be deployed anywhere, providing seamless data portability across on-premises, cloud, and edge environments. It transforms legacy data silos into dynamic data pipelines that accelerate GPUs, AI model training and inference, and other performance-intensive workloads, enabling them to work more efficiently, consume less energy, and reduce associated carbon emissions. WEKA helps the world's most innovative enterprises and research organizations overcome complex data challenges to reach discoveries, insights, and outcomes faster and more sustainably – including 12 of the Fortune 50. Visit www.weka.io to learn more, or connect with WEKA on LinkedIn, X, and Facebook. See why WEKA has been recognized as a Visionary for three consecutive years in the Gartner® Magic Quadrant™ for Distributed File Systems and Object Storage – get the report. WEKA and the WEKA logo are registered trademarks of WekaIO, Inc. Other trade names used herein may be trademarks of their respective owners.
5G enabling growing numbers of FWA service providers to offer speed-based tariff plans 5G subscriptions forecast close to 5.6 billion by the end of 2029 Mobile data traffic expected to grow by 20 percent annually through the end of 2029 STOCKHOLM, June 26, 2024 /PRNewswire/ -- Fixed Wireless Access (FWA) continues to grow in strength as a 5G use case for communications service providers (CSPs) globally with a sharp increase over the past year in the number of CSPs offering the service. The details, alongside Ericsson's latest mobile industry forecasts, regional breakdowns and customer case studies, feature in the June 2024 Ericsson (NASDAQ: ERIC) Mobility Report. Of the CSPs sampled for the Ericsson study (310 globally), 241 offered FWA services as of April 2024. Of these, 128 - about 53 percent - included a 5G FWA offering. This is a twelve-point increase on the corresponding period in 2023 - a growth of 29 percent. The speed, data handling and low latency capabilities of 5G FWA also increase the attractiveness of speed-based FWA tariff plans to CSPs - with downlink and uplink data parameters - similar to cable or fiber offerings. This has helped to drive an almost 50 percent growth in the number of service providers offering 5G FWA speed-based tariffs in the past year - with 40 percent of all FWA CSPs now doing so. FWA is currently second only to enhanced Mobile Broadband (eMBB) as a 5G use case. Fredrik Jejdling, Executive Vice President and Head of Networks, Ericsson, says: "The June 2024 Ericsson Mobility Report shows continued strong uptake of 5G subscriptions. Enhanced Mobile Broadband and Fixed Wireless Access are the leading use cases, with signs that 5G capabilities are influencing service providers' Fixed Wireless Access offerings. The report also highlights the need for increased deployment of 5G Standalone technology to fully realize the potential of 5G." About 300 CSPs globally now offer 5G services, of which about 50 have launched 5G Standalone (5G SA). On subscriptions, 5G continues to grow in all regions. About 160 million 5G subscriptions were added globally in the first three months of 2024 - bringing the total to more than 1.7 billion. Almost 600 million new subscriptions are expected in 2024 as a whole. Researchers estimate that 5G subscriptions will be close to 5.6 billion by the end of 2029 - with global 5G population coverage beyond mainland China set to double from 40 percent at the end of 2023 to 80 percent by the end of 2029. 5G is expected to account for about 60 percent of all mobile subscriptions by the end of 2029. Regionally, North America is forecast to have the highest penetration by the end of 2029, with 90 percent (or 430 million) of subscriptions expected to be 5G. In India, 5G subscriptions are expected to grow from 119 million at the end of 2023 (about ten percent of all mobile subscriptions in the country) to about 840 million (65 percent of all subscriptions) by the end of 2029. On user experience, statistics from a leading service provider reveal 97 percent of all user activities on 5G mid-band achieved a time-to-content of less than 1.5 seconds, compared to 67 percent on 5G low-band and 38 percent on 4G (all bands). 5G mid-band population coverage outside of mainland China has reached 35 percent. North America and India have made rapid deployments, topping 85 and 90 percent mid-band coverage respectively. Year-on-year mobile network data traffic has been adjusted downwards by Ericsson Mobility Report researchers compared to the November 2023 report. This is due to changes in the underlying data, such as lower numbers reported by regulators and service providers in populous markets for the second half of 2023. Mobile network data traffic grew 25 percent year-on-year between the end of March 2023 and the end of March 2024, driven primarily by subscriber migration to later generations and data-intense services, such as video. Mobile data traffic is forecast to grow with a compound annual growth rate of about 20 percent through the end of 2029. About a quarter of all mobile network data was handled by 5G by the end of 2023. This is forecast to grow to about 75 percent by the end of 2029. The 40-page June 2024 Ericsson Mobility report includes four case study articles: How the NorthStar 5G network inspires innovation (with Telia and AstaZero, Sweden. About autonomous vehicle connectivity.) Taking 5G connectivity underground (with Rogers, Canada. About 5G subway connectivity in Toronto.) Enhancing customer experiences with 5G (with Bharti Airtel, India. About Airtel's 5G strategic priorities and actions.) Building a high-performing programmable network (With AT&T, USA. About AT&T's programmable network ambitions) Ericsson will host an Ericsson Mobility Report webinar at 9.00 (CEST) and at 18.00 (CEST) on Wednesday, June 26. To join please register via this link. Read the full June 2024 Ericsson Mobility Report via this link. Based on unique Ericsson and partner network insights, the Ericsson Mobility Report has been the key industry reference for network data, performance, statistics, and forecasts since its launch in 2011. NOTES TO EDITORS:FOLLOW US: Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps://twitter.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson Newsroommedia.relations@ericsson.com (+46 10 719 69 92)investor.relations@ericsson.com (+46 10 719 00 00) ABOUT ERICSSON:Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/ericsson-mobility-report--5g-driving-change-in-service-providers--fwa-strategies,c4001729 The following files are available for download: https://mb.cision.com/Main/15448/4001729/2884504.pdf PDF Ericsson Mobility Report: 5G driving change in service providers’ FWA strategies https://news.cision.com/ericsson/i/emr-june-2024-image,c3311534 EMR June 2024 image
Providing ESG solutions that can help businesses build resilience HONG KONG, June 14, 2024 /PRNewswire/ -- Dun & Bradstreet (D&B), a global provider of business decisioning data and analytics, and HSBC today announce a collaboration aiming to help businesses in Hong Kong strengthen their resilience and build a competitive advantage through transparent and voluntary Environmental, Social and Governance (ESG) reporting. HSBC will introduce interested clients to D&B ESG Registered™ service that helps to showcase the commitment of a business to upholding global ESG standards. Eligible clients will also be able to enjoy a discounted service fee. Fostering ESG Competitiveness for Hong Kong businesses This initiative focuses on supporting smaller businesses by enabling them to identify the ESG issues that affect their business, understand the relevant frameworks and gather the data needed to report. Promoting the importance of ESG reporting among Hong Kong companies can help to build strong trust-based relationships within the business ecosystem – with customers, suppliers and investors too. On successful completion of an industry benchmarked ESG self-assessment, built around industry recognized sustainability standards such as SASB, GRI, the UN SDGs, and many others that are important for businesses when operating domestically or internationally, companies receive their own ESG rating, data performance and reference indicators, and the D&B ESG RegisteredTM badge helping them to share their ESG credentials. According to Dun & Bradstreet's Q1 2024 Global Business Optimism Insights, the importance of ESG factors in procurement is rapidly growing. This underscores the need for companies to deepen their knowledge, resources and understanding of ESG reporting and embed it into their businesses. Following an HSBC Sustainability Roundtable event on 18 April 2024, when D&B shared ESG insights with participants from the consumer goods manufacturing sector, various HSBC clients have enrolled for D&B ESG Registered™ programme. Mr. Andrew Wu, General Manager of Dun & Bradstreet China, expressed his enthusiasm for the partnership: "We are privileged to collaborate with a pre-eminent bank such as HSBC in Hong Kong to deliver ESG awareness and solutions for the local business community. This initiative will enable local businesses to understand and disclose their ESG performance in accordance with international standards, which is becoming increasingly critical for businesses to gain a competitive edge. This is particularly important when it comes to engaging with investors, financiers, clients and all stakeholders." Dun & Bradstreet's Data Cloud holds comprehensive information on more than 550 million total organizations, with ESG data on nearly 80 million global public and private businesses, including over 90,000 in Hong Kong. ESG Rankings are conveniently organized into 13 ESG themes and 31 topic-specific categories to help businesses understand risks and opportunities. These rankings are built around ESG data gathered from millions of globally trusted sources. This deep coverage and breakdown of ESG risks by category helps connect the dots between analytics and business performance. Leveraging Dun & Bradstreet's extensive Data Cloud, businesses will have their ESG data benchmarked against global peers, empowering them to make informed decisions and mitigate ESG risks effectively. Driving Sustainable Growth Through this collaboration, Dun & Bradstreet and HSBC hope to strengthen Hong Kong's businesses by ensuring they have access to solutions and support to navigate the evolving landscape of sustainable business practices and harness the power of data. Dun & Bradstreet was invited to participate in a HSBC event on 18 April 2024 to share valuable insights on how corporates can enhance their understanding and disclosure of ESG performance. About Dun & Bradstreet Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. We combine global data with local insights to help our clients to make smarter decisions. For more information on Dun & Bradstreet, please visit www.dnb.com.hk
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