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Prestigious International Awards Program Recognizes Outstanding Educational Technology Products and Companies MOUNTAIN VIEW, Calif., July 20, 2023 /PRNewswire/ -- WuKong Education, a leading online education technology company with over 300,000 students worldwide, today announced that it has been selected as the winner of the "Language Learning Innovation of the Year" award in the 5th annual EdTech Breakthrough Awards program conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market. WuKong Education's technological empowerment through game-like interactive homework functions provides students with a fun and engaging way to reinforce their learning. WuKong's scientific teaching method is based on New Zealand's Inquiry-Based Learning methodology and the 5C Core Competence Model, aimed at providing quality education in a more efficient manner. WuKong Chinese formed and followed a Chinese curriculum framework with four core programs: Pre-K Chinese, International Chinese, Advanced Chinese and Basic Chinese, with specialized sessions covering Chinese pinyin, idioms and readings, allowing students from different age groups to learn Chinese in an efficient manner. The company's rigorous teacher selection process ensures excellence, with more than 4,000 certified teachers graduating from top universities such as Harvard and Peking University. In addition, over 76% of WuKong's teachers have at least a master's degree, and most teach bilingually. WuKong is also comprised of a multicultural and multinational team, with employees from 11 countries and regions worldwide. "WuKong Education demonstrates a commitment to quality education, technological innovation, and multiculturalism. Their rigorous teacher selection process along with their scientific teaching method and commitment to empowering students through technology make them our choice for the 'Language Learning Innovation of the Year' award," said James Johnson, managing director, EdTech Breakthrough. "Exposing students to languages results in improved empathy by the introduction of customs and values belonging to a different society. Language learning is not just a means to communicate but helps develop a disposition to explore different perspectives." The mission of the EdTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of educational technology categories, including Student Engagement, School Administration, Adaptive Learning, STEM Education, Remote Learning, Career Preparation and many more. This year's program attracted more than 2,400 nominations from over 16 different countries throughout the world. "Thank you to the EdTech Breakthrough Awards for recognizing the quality of our courses, innovative teaching methods, and accomplished teachers," said WuKong Education's founder and CEO, Vicky Wang. "We ground our courses in evidence-based, child-friendly approaches that instill an initiative for learning, spark interest in the subject matter, and establish a strong foundation for future academic performance. Following the tremendous success of our Chinese courses, we're excited to expand our offerings to provide English courses as well. With our proven technology and expert teachers, we look forward to supporting students across the globe with inquiry-based online education." WuKong Education serves over 300,000 users in 118 countries and regions, including the US, Canada, Australia, New Zealand, Singapore, and the United Kingdom. About EdTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the EdTech Breakthrough Awards program is devoted to honoring excellence in educational technology products, companies and people. The EdTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough educational technology in categories including e-learning, student engagement, school administration, career preparation, language learning, STEM and more. For more information, visit EdTechBreakthrough.com. About WuKong Education Headquartered in Silicon Valley, WuKong Education is the premier online education provider for students 3- to 18-years old. Since 2016, WuKong Education has been the first choice for families who want to provide their children with language and mathematics skills for future success in the 21st century. With more than 4,000 teachers around the globe and a dedicated curriculum team developing original courses for the platform, WuKong Education brings the best of online live classes and self-paced learning together in a single, interactive, engaging platform that is available anytime, anywhere. WuKong Education is dedicated to igniting children's passion for lifelong learning. WuKong Education teachers, high-quality courses, and concierge-level service make WuKong Education the right choice for more than 300,000 families in 118 countries and regions. WuKong Education: Unleash your inner genius. To learn more, visit wukongsch.com
SHENZHEN, China, July 20, 2023 /PRNewswire/ -- Tencent is deepening its collaboration with international card organizations including Visa, Discover Global Network (including Diners Club), JCB, and Mastercard in order to further improve overseas users' digital payment experience in China. The move coincides with the full resumption of travel and international business to China and major international events in the country. The latest development fully opens Weixin Pay's merchant network in China to international card organizations in gradual steps. In 2019, Weixin Pay began supporting overseas users in linking their international credit cards for use with various pilot services. The expanded merchant network includes categories such as dining, transportation, shopping, hotel accommodation and more. Users can enjoy multiple payment methods such as scanning QR codes, presenting payment codes, Weixin Mini Programs and in-app payments, enhancing users' payment experience both online and offline. After linking an international card, overseas users will be able to conveniently access over tens of millions of merchants, including small and medium-sized merchants. Transaction fees are waived for single transactions of less than or equal to 200 RMB to fulfill users' small-amount and high-frequency payment needs, subject to the details specified on the payment page. People entering the Chinese Mainland can use their passports, Mainland Travel Permit and Mainland Residence Permit for Hong Kong SAR, Macau SAR, and Taiwan residents, or Foreign Permanent Resident ID Card to set up their Weixin Pay, link an international credit card or debit card, and to start enjoying mobile payments across the country. Previously, Chinese regulators encouraged the refinement of mobile payment solutions for visitors to improve their payment experience. Domestic payment service providers are also encouraged to partner with overseas card issuers to provide mobile payment to overseas visitors in accordance with rules and regulations. With the upcoming international sporting events such as the FISU World University Games in Chengdu and the Asian Games in Hangzhou, the number of incoming overseas tourists continues to rise. Tencent strives to improve mobile payment experience and offer more convenience for overseas users, through initiatives such as supporting international cards on Weixin Pay and connecting overseas local wallets with the Mainland of China. For further media inquiries please contact gc@tencent.com Click here for assets on how to add and use international cards with Weixin Pay.
Strong large deal closures and robust deal pipeline position us well for future growth BENGALURU, India, July 20, 2023 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE:INFY), a global leader in next-generation digital services and consulting, delivered $4,617 million in Q1 revenues with year on year growth of 4.2% and sequential growth of 1.0% in constant currency. Large deal TCV for the quarter was at $2.3 billion, with net new of 56.1%. Operating margin for the quarter was stable at 20.8%. ROE improved 180 bps to 32.8%. Attrition declined further to 17.3%. FY24 revenue guidance revised to 1.0%-3.5% and operating margin guidance retained at 20%-22%. "We had a solid Q1 with a growth of 4.2% and large deals of $2.3 billion which helps us to set a strong foundation for future growth. Our generative AI capabilities are expanding well, with 80 active client projects. Topaz, our comprehensive AI offering, is resonating well with clients. We see this being transformative for clients and enhancing our overall service portfolio," said Salil Parekh, CEO and MD. "We have expanded the margin improvement program with a holistic set of actions for the short, medium and long-term, working on five key areas, supported by our leadership team," he added. 4.2% YoY1.0% QoQCC Revenue growth 20.8%Operating margin 12.4% YoY Increase in EPS (₹ terms) $2.3 bn Large deal TCV Guidance for FY24: Revenue growth of 1.0%-3.5% in constant currency Operating margin of 20%-22% 1. Key highlights: For the quarter ended June 30, 2023 - Revenues in CC terms grew by 4.2% YoY and by 1.0% QoQ- Reported revenues at $4,617 million, growth of 3.9% YoY - Operating margin at 20.8%, growth of 0.8% YoY and decline of 0.2% QoQ - Basic EPS at $0.17, growth of 6.6% YoY - FCF at $699 million, growth of 6.6% YoY; FCF conversion at 96.6% of net profit "Q1 operating margins were resilient in an uncertain macro environment on the back of our continued focus on cost optimization. Company's rigorous operational discipline including improved productivity measures and higher utilization helped margins for the quarter," said Nilanjan Roy, CFO. "Free Cash conversion was robust at 96.6% of net profits. Execution of strong capital allocation policy resulted in higher payouts to investors and improved ROE to 32.8%," he added. 2. Client wins & Testimonials Danske Bank recently signed a strategic collaboration with Infosys to accelerate the bank's digital transformation initiatives with speed and scale. Frans Woelders, Chief Operating Officer, Danske Bank, said, "Our Forward '28 strategy sets clear ambitions for Danske Bank to be a leading bank in a digital age. This is backed by significant investments in digitalisation and technology, including plans to further develop our customer-facing digital solutions, and modernising our technology infrastructure to enable even better customer experiences and drive operational efficiency. We have a strong starting point, and we want to further accelerate our digital and technology transformation. We have conducted a thorough process to find a partner that can help us achieve that. Infosys has the tools, experience, and expertise to support us in accelerating our transformation using cloud and AI technologies. Given Infosys' global presence and scale, this collaboration will also give us access to wider talent pools and capabilities." bp recently signed an MoU with Infosys to demonstrate their intent for Infosys to be bp's primary partner for end-to-end application services. Leigh-Ann Russell, EVP, Innovation & Engineering, bp, said, "We are delighted to further develop our relationship with Infosys to help accelerate our digital transformation and scale growth through tech-enabled operations. Together, we look forward to delivering innovative solutions that meet the evolving needs of our customers and drive growth for the future." Infosys and Aramco signed a Memorandum of Understanding (MoU) to bring new insights to HR data and analytics, scale the use of automation tools, and enhance employee experience through artificial intelligence (AI) technologies. Faisal A. Al-Hajji, SVP Human Resources, Aramco, said, "At Aramco, we are constantly looking to improve employee experience and make our company the best place to work. This collaboration will allow us to explore ways to further upgrade our focus on customer-centricity and transform our digital HR offerings." Infosys recently launched Infosys Topaz - an AI-first set of services, solutions and platforms using generative AI technologies. Hemanth Adapa, Product Owner, Predictive Analytics at British Telecom, said, "As part of our continuous efforts to deliver value for our clients, at British Telecom, we engaged with Infosys Topaz to offer AI-powered predictive analytics for various domains such as network performance, sustainability, and security. This has been recognized and appreciated by our clients who can now amplify their mission-critical services with never-before reliability." Infosys and Walmart Commerce Technologies collaborated to deliver scalable omni-channel solutions to retailers. Sunil Kumar, Vice President and General Manager of Walmart Commerce Technologies, said, "Infosys is a trusted partner to businesses that are navigating their digital transformation. We are excited to have Infosys help streamline implementation of the Store Assist app and to serve as a trusted system integration team for our customers." Infosys collaborated with vidaXL as their India IT Partner to set up their business technology support in a scalable and cost-effective way. Ted van Dongen, CIO, vidaXL, said, "vidaXL needed a partner to help them with their growth strategy, with a professional agile approach, and a very broad range technology expertise. In Infosys, vidaXL has found a partner that proved to be dedicated in delivering this by transitioning 8 agile development teams in less than 4 months. This collaboration establishes a mechanism to steer our corporation significantly on every aspect of the technology stack." Infosys extended its collaboration with LexisNexis to provide end-to-end information services across their range of content, enterprise, and product applications. Jeff Reihl, Executive Vice President & Chief Technology Officer, LexisNexis, said, "Our longstanding association with the highly experienced Infosys team has shown excellent results. We at LexisNexis aim to deliver the best content, enterprise, and product application services in the market and we firmly believe that by leveraging Infosys for its downstream, discretionary, and strategic programs, will be in our best interest and we are excited to further expand our relationship with Infosys." Infosys and ATP collaborated to launch a digital Carbon Tracker to enable ATP players to track and mitigate their carbon emissions from travel on Tour. Massimo Calvelli, Chief Executive Officer, ATP, said, "Tennis is on a mission to Net Zero and like many sports, our travel footprint is our biggest challenge. ATP's new Carbon Tracker makes it simple for players to join that journey, mitigating their impact today and inspiring greener choices tomorrow. This is a story of addressing difficult problems through innovation, and we would thank our partners Infosys for their collaboration and commitment to the project. The potential of this app is massive and we're just getting started." Keytrade Bank selected Infosys Finacle as the preferred partner for the modernization of its core banking system. Thierry Ternier, CEO, Keytrade Bank, said, "As the sponsor of the project, I am a strong believer in the program because it will strengthen the foundations of our company and make us future-proof to tackle the challenges of a fast-moving environment. Our ultimate goal is to create value and satisfaction for our customers and employees. I am convinced that this program will be a major enabler in reaching those strategic goals. We have chosen Infosys Finacle as our partner for the program because of their worldwide expertise, implementation plan, and price offering." Infosys Finacle helped successfully transform XacBank's technology landscape with Finacle Digital Banking Suite enabling a robust digital foundation for the bank to achieve its growth strategy. Tsevegjav Gumenjav, Chief Executive Officer, XacBank, said, "We are happy at the successful completion of this much-awaited digital transformation, drawing us closer to our vision to be the preferred universal bank in Mongolia. In this digital-first era, the Finacle platform provides us with the right platform to offer custom offerings for our customers in Mongolia across segments, serving their financial needs in a secure manner. We look forward to scaling new heights with world-class banking and contribute to the larger economic development of Mongolia." 3. Recognitions Infosys has been recognized in BrandZ's prestigious Top 100 Most Valuable Global Brands list, ranked at #66 Recognized as one of India's Best Employers Among Nation Builders 2023 by the Great Place to Work™ Institute Won PeopleFirst HR Award under two categories, 'Leading Practices in HR Risk Management' and 'Leading Practices in HR Business Partnership' Recognized as one of the 'Most Honored' companies, receiving multiple awards at the 2023 All-Asia Executive Team Rankings from Institutional Investor Won the 2023 Microsoft US Partner of the Year Award in the Dynamics 365 Services category Awarded the Nasscom ER&D Spotlight Award in the 'Concept to Engineering Leadership' category for the Market First Innovation – Digital transformation of B2B sales with Engineering configurator as a core Recognized as ServiceNow Telco Partner of the Year 2023 Recognized as HPE Global System Integrator of the Year 2023 and HPE System Integrator of the Year 2023 for Asia Pacific and Central Europe Infosys Finacle won the MEA Finance 'Best Composable Banking Technology Solution Provider' award at the MEA Finance Banking Technology Summit 2023 Infosys BPM won the SS&C Blue Prism Partner Excellence Awards 2023 across 3 categories: 'Client Business Impact – FSI (Global)', 'Client Business Impact – FSI (APAC)', and 'Client Business Impact – Telco (APAC)' Recognized as a leader in Low-Code Application Development Services PEAK Matrix® Assessment 2023 by Everest Recognized as a leader in Microsoft Dynamics 365 Services PEAK Matrix® Assessment 2023 by Everest Recognized as a leader in Application Automation Services PEAK Matrix® Assessment 2023 by Everest Recognized as a leader in 5G Engineering Services PEAK Matrix® Assessment 2023 by Everest Recognized as a leader in Wealth and Asset Management PEAK Matrix® Assessment 2023 by Everest Rated as a leader in Adobe Experience Cloud Services NEAT 2023 by NelsonHall Rated as a leader in SAP Cloud Migration Services NEAT 2023 by NelsonHall Rated as a leader in Quality Engineering NEAT 2023 by NelsonHall Positioned as a leader in HFS Horizons: ServiceNow Services, 2023 Positioned as a leader in HFS Horizons: Data modernization services, 2023 Positioned as a leader in IDC MarketScape: Worldwide Retail Commerce Platform Service Providers 2023 Vendor Assessment Positioned as a leader in IDC MarketScape Worldwide Artificial Intelligence Services 2023 Vendor Assessment Positioned as a leader in IDC MarketScape: Asia/Pacific Oracle Application Implementation Services 2023 Vendor Assessment Infosys recognized as a leader in Digital Engineering Services 2023 ISG Provider Lens™ study in US and Europe Infosys recognized as a leader in Microsoft Cloud Ecosystem 2023 ISG Provider Lens™ study in US, UK, Singapore and Malaysia, Australia and Germany Infosys rated as a leader in SAP Ecosystem ISG Provider Lens™ study in US, UK, Nordics, Germany and Brazil Infosys recognized as #1 Top IT Service Providers in the Nordics in Whitelane Research and PA Consulting Sourcing Study 2023 Infosys rated as a leader in Avasant's Multisourcing Service Integration 2022–2023 Radarview™ Infosys rated as a leader in Avasant's Financial Services Digital Services 2023–2024 Radarview™ Infosys rated as a leader in Avasant's Media and Entertainment Digital Services 2023–2024 Radarview™ About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions) June 30, 2023 March 31, 2023 ASSETS Current assets Cash and cash equivalents 1,501 1,481 Earmarked bank balance for dividend(3) 885 - Current investments 675 841 Trade receivables 3,191 3,094 Unbilled revenue 1,783 1,861 Other Current assets 1,408 1,349 Total current assets 9,443 8,626 Non-current assets Property, plant and equipment and Right-of-use assets 2,497 2,516 Goodwill and other Intangible assets 1,082 1,095 Non-current investments 1,462 1,530 Unbilled revenue 168 176 Other non-current assets 1,355 1,369 Total non-current assets 6,564 6,686 Total assets 16,007 15,312 LIABILITIES AND EQUITY Current liabilities Trade payables 458 470 Unearned revenue 894 872 Employee benefit obligations 310 292 Other current liabilities and provisions 4,005 3,135 Total current liabilities 5,667 4,769 Non-current liabilities Lease liabilities 812 859 Other non-current liabilities 407 460 Total non-current liabilities 1,219 1,319 Total liabilities 6,886 6,088 Total equity attributable to equity holders of the company 9,069 9,172 Non-controlling interests 52 52 Total equity 9,121 9,224 Total liabilities and equity 16,007 15,312 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (Dollars in millions except per equity share data) 3 months ended June 30, 2023 3 months ended June 30, 2022 Revenues 4,617 4,444 Cost of sales 3,211 3,144 Gross profit 1,406 1,300 Operating expenses: Selling and marketing expenses 217 193 Administrative expenses 228 219 Total operating expenses 445 412 Operating profit 961 888 Other income, net (4) 57 80 Profit before income taxes 1,018 968 Income tax expense 294 279 Net profit (before minority interest) 724 689 Net profit (after minority interest) 724 689 Basic EPS ($) 0.17 0.16 Diluted EPS ($) 0.17 0.16 NOTES: 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended June 30, 2023, which have been taken on record at the Board meeting held on July 20, 2023.2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.3. Represents bank balance earmarked for final dividend. Payment date for dividend was July 3, 2023. 4. Other income is net of Finance Cost. IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q1/documents/ifrs-inr-press-release.pdf Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q1/documents/fact-sheet.pdf
DHAKA, Bangladesh, July 20, 2023 /PRNewswire/ -- This is a report from Spellbound Leo Burnett: Over the last decade, Bangladesh has experienced rapid economic growth, propelling it to be among world's fastest-growing economies. Economic and political stability have been instrumental in driving country's path towards a promising future. Currently ranked 41st in global economy, Bangladesh aspires to reach 25th position by 2035. With vision of becoming an "Upper Middle-Income Country" in next decade and a "Developed Country" by 2041, Bangladesh aims to achieve a "Smart Bangladesh." To realize this vision, FBCCI organized Bangladesh Business Summit 2023 in collaboration with the Ministry of Foreign Affairs, Ministry of Commerce, and BIDA. The summit, held on March 11-13, 2023, aimed to showcase Bangladesh's economic strengths, market potential, and trade and investment opportunities. It brought together national and global business leaders, investors, policymakers, analysts, academia, and innovators, attracting 16 ministers, 345 CxOs, and 1300+ Business Leaders from 10 countries. During the Businesspersons' Conference to Build Smart Bangladesh on July 15, 2023, Prime Minister Sheikh Hasina, as the chief guest, launched the outcome report of Bangladesh Business Summit 2023 (https://bdbusinesssummit.com/outcome-report/). Top corporates, foreign investors, business leaders, and FBCCI's general body members also attended the event. She emphasized the successful achievement of "Digital Bangladesh" by 2021 and highlighted the commitment to build "Smart Bangladesh." This vision involves empowering citizens with digital skills and embracing the principles of the 4th Industrial Revolution across various sectors. Private sector investment has played pivotal role in Bangladesh's growth, contributing 21-23% of GDP. The country has witnessed sustained growth in sectors like agribusiness, RMG and ICT. Additionally, emerging sectors such as electronics and automobiles are driving Bangladesh's economy towards becoming trillion-dollar economy. By 2030, Bangladesh is expected to become 9th largest consumer market, further attracting increased investment. FDI has risen seven-fold since 2006, and domestic business entrepreneurs are actively exploring new ventures. FBCCI President Jashim Uddin highlighted Bangladesh's economic progress over past fifteen years during the conference. Business leaders discussed development activities and initiatives that have supported business growth. Both the government and business community pledged to foster smart business practices, supporting the realization of "Smart Bangladesh." Launching of Bangladesh Business Summit Outcome report underscores Bangladesh's commitment to building a "Smart Bangladesh." Nation's remarkable economic growth and collaboration between government and business stakeholders position Bangladesh to achieve its vision of becoming a Developed Country by 2041, harnessing the potential of technology and innovation.
DOVER, Del., July 20, 2023 /PRNewswire/ -- WithFeeling.AI is thrilled to announce the launch of its revolutionary Memory-to-Understanding Model. By pushing the boundaries of conventional AI capabilities, WithFeeling.AI aims to bring intrinsic human qualities like long-term memory, inference, and a deep understanding of individuality to AI, enabling nuanced interactions and fostering long-term emotional connections with people. WithFeeling.AI's Memory-to-Understanding Model is a matrix of models composed of LLMs ranging from several billion to tens of billions in parameter size. It redefines how AI remembers and understands individuals over time. The model captures the human-like memory of how people perceive each other and the world through a real-time evolving memory stream during conversations. The memory system categorizes inferences into different levels based on their potential for consolidation. Core information remains stable, while personal preferences show consistency within specific time frames. Feelings towards events are acknowledged as instantaneous and can change. Users can experience the Memory-to-Understanding Model in WithFeeling.AI's market-leading application, Paradot. Available in over 100 countries and supporting six languages, Paradot serves as an emotional companion and information gateway. Powered by WithFeeling.AI's proprietary LLMs, Paradot continuously evolves as an all-around AI. Since its February launch, Paradot has quickly become a prominent player in the AI social market. In the Paradot app, users can see a visible memory stream containing personalized random facts about their lives, including lunch choices, work schedules, and even favorite TV show quotes. By incorporating these contextualized memories, users experience a sense of deeper connection, trust, and sincerity with their AI Beings. "We envision a future where individuals, together with their AI Being, form a social unit that generates value surpassing the limits of individual capability within the social fabric. Central to this vision is the indispensable ability of AI to retain long-term memories and utilize inference, enabling a nuanced understanding of each individual," said Winnie Xiao, CEO of WithFeeling.AI. WithFeeling.AI is excited to announce that the API for the Memory-to-Understanding model is now open for developers and businesses. This incredible opportunity allows them to harness the unparalleled abilities of AI memory and understanding in innovative applications, products, and services. Furthermore, WithFeeling.AI reaffirms its commitment to advancing Human-AI interaction through collaboration with esteemed universities and research institutions. WithFeeling.AI is poised to lead the AI evolution with its Memory-to-Understanding Model as it infuses humanity into AI. About WithFeeling.AI WithFeeling.AI is dedicated to bringing humanity into artificial intelligence through the integration of affective computing, brain-inspired decision-making models, dynamic interpersonal computing, and natural language understanding. With its market-oriented application, Paradot, and groundbreaking memory-to-understanding model, WithFeeling.AI redefines the boundaries of AI and emotional connections. For media inquiries, please contact:Kenny MiaoWithFeeling.AIkennymiao@withfeeling.ai
RIYADH, Saudi Arabia, July 20, 2023 /PRNewswire/ -- The MSG Sphere, the world's largest spherical entertainment venue, lit up its spectacular LED screens for the first time at its Fourth of July celebration in 2023. It is reported that Unilumin Group partly participated in the creation of the control system of MSG Sphere. It is not the first time that Unilumin built spherical LED screens. In the Riyadh Season 2022, Unilumin independently created a spherical LED screen with 35-meter diameter, breaking the 2022 Guinness World Record. In this project, Unilumin has provided a complete integrated solution for the LED spherical screen, including project creative design, large-scale outdoor steel structure design, customized LED screen modules, spherical digital creative content, etc., The spherical screen is not only a stunning aesthetic artwork but also a functional scene that can host entertainments. The sphere exterior was illuminated every day and night with immersive digital contents, attracting tourists from all over the world. Furthermore, inside the spherical screens, it can be used as a venue for live music, sports, immersive experiences in cinema and performance, etc., which support thousands of jobs and deliver billions of pounds of economic benefit for Saudi Arabia. Now it has become the new commercial landmark for Saudi Arabia. Unilumin Spherical Screen for Riyadh Season 2022 Riyadh Season 2022, a project created with the participation of Unilumin In addition to the spherical screens, Unilumin provided a total of more than 10,000 square meters of LED ceiling screens, outdoor high-definition, creative digital contents and software control systems for the Riyadh Season 2022 project. Furthermore, in the Riyadh Season 2021 project, Unilumin also supplied nearly 7,000 square meters of LED high-definition outdoor displays and creative contents. Riyadh Season 2022, a project created with the participation of Unilumin According to Saudi Arabia's state news agency, relying on the immersive experiences created by LED Metasight technology, Riyadh Season has cumulatively attracted 30 million tourists from all over the world and created 335,000 jobs, which created unimaginable commercial and social value. As the representative of Chinese enterprises, Unilumin will continuously contribute China's technology and wisdom to the world.
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