KUALA LUMPUR, Oct 10 (Bernama) -- Kioxia Corporation has announced an expanded RocksDB plug-in designed to improve solid-state drive (SSD) lifespan and performance in multi-drive RAID environments.
Building on its earlier demonstration of a Flexible Data Placement (FDP)-enabled SSD running RocksDB, the company said it will showcase the latest advancement at the upcoming Open Compute Project (OCP) Global Summit.
In a statement, Kioxia said the new plug-in achieved a 46 per cent reduction in write amplification factor (WAF) and an 8.22 times throughput improvement in a four-drive RAID 5 setup compared to MDRAID.
In a two-drive mirrored configuration, WAF was reduced to about one-third, while throughput increased by 1.45 times compared to MDRAID.
These gains are achieved by consolidating data writes so they are written sequentially, preventing fragmentation and reducing garbage collection.
RocksDB, widely used for generative artificial intelligence (AI) and cloud applications, is known for enabling high-performance searches and efficient management of historical data.
The new plug-in will be demonstrated with the Kioxia XD8 Series SSD during the 2025 OCP Global Summit, highlighting performance improvements and reduced WAF in a two-drive RAID 1 configuration compared with standard Linux RAID mirroring.
Kioxia plans to release the plug-in as an open-source contribution, reinforcing its commitment to advancing SSD and flash memory technologies across the industry.
The plug-in is expected to be released in the first quarter of calendar year 2026.
-- BERNAMA
Friday, October 10, 2025
Thursday, October 9, 2025
IBSFINTECH’S INTREAX SUITEAPP EARNS ‘BUILT FOR NETSUITE’ STATUS
KUALA LUMPUR, Oct 9 (Bernama) -- IBSFINtech, a global enterprise treasury technology provider, has announced its InTReaX SuiteApp has achieved the ‘Built for NetSuite’ status, signifying that the solution meets Oracle NetSuite’s highest standards for quality and compatibility.
Developed using the Oracle NetSuite SuiteCloud Platform, the new SuiteApp enables organisations to enhance treasury management across trade finance, payments, treasury operations, foreign exchange risk, investments, commodity risk, cash flow, liquidity, and supply chain finance.
IBSFINtech managing director and chief executive officer, CM Grover in a statement said the future of corporate treasury is digital, integrated and intelligent.
“By combining NetSuite’s integrated business system with our treasury management solution, the SuiteApp empowers treasury teams with advanced analytics and automation-driven risk management,” he said.
Grover added that the integration helps companies navigate market volatility, optimise hedging strategies and enhance financial resilience within a unified digital ecosystem.
The InTReaX SuiteApp enables business leaders to improve control over treasury and trade finance operations, enhance data governance, and increase operational efficiency and profitability.
Through advanced analytics, scenario planning, and real-time visibility across entities and geographies, organisations can strengthen risk monitoring and decision-making.
The solution also integrates seamlessly with NetSuite, trading platforms, and banks, helping reduce manual efforts and support compliance with regulatory requirements.
The ‘Built for NetSuite’ programme provides verification standards and best practices for SuiteCloud Developer Network partners to ensure their applications meet NetSuite’s performance and reliability criteria.
-- BERNAMA
Developed using the Oracle NetSuite SuiteCloud Platform, the new SuiteApp enables organisations to enhance treasury management across trade finance, payments, treasury operations, foreign exchange risk, investments, commodity risk, cash flow, liquidity, and supply chain finance.
IBSFINtech managing director and chief executive officer, CM Grover in a statement said the future of corporate treasury is digital, integrated and intelligent.
“By combining NetSuite’s integrated business system with our treasury management solution, the SuiteApp empowers treasury teams with advanced analytics and automation-driven risk management,” he said.
Grover added that the integration helps companies navigate market volatility, optimise hedging strategies and enhance financial resilience within a unified digital ecosystem.
The InTReaX SuiteApp enables business leaders to improve control over treasury and trade finance operations, enhance data governance, and increase operational efficiency and profitability.
Through advanced analytics, scenario planning, and real-time visibility across entities and geographies, organisations can strengthen risk monitoring and decision-making.
The solution also integrates seamlessly with NetSuite, trading platforms, and banks, helping reduce manual efforts and support compliance with regulatory requirements.
The ‘Built for NetSuite’ programme provides verification standards and best practices for SuiteCloud Developer Network partners to ensure their applications meet NetSuite’s performance and reliability criteria.
-- BERNAMA
NMB Unveils Groundbreaking Wireless-Powered IoT Battery Monitoring System at NICE 2025
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| From Left to Right: YBhg. Datuk Seri Hj. Hasnol Zam Zam bin Hj. Ahmad, Secretary General, Ministry of Science, Technology & Innovation (MOSTI), YB Tuan Chang Lih Kang, Minister of Science, Technology & Innovation, Ts. Dr. Benedict Foo, Managing Director, Enhance Track Sdn Bhd and YBrs. Puan Ruziah Binti Shafei, Deputy Secretary General (Planning and Science Enculturation), Ministry of Science, Technology & Innovation (MOSTI) during the launch of the BWLS System at World Trade Centre, Kuala Lumpur |
KUALA LUMPUR, Oct 9 (Bernama) -- NMB (NanoMalaysia Berhad), an agency under the Ministry of Science, Technology and Innovation (MOSTI), in strategic collaboration with Enhance Track Sdn Bhd and Universiti Tenaga Nasional (UNITEN), officially launched its Wireless-Powered IoT Battery Water Level Sensor (BWLS) System today at the National Innovation and Commercialisation Expo (NICE) 2025. The launch was officiated by the Minister of Science, Technology and Innovation (MOSTI), YB Chang Lih Kang.
The BWLS System is an advanced monitoring solution designed to enhance the reliability of industrial Uninterruptible Power Supply (UPS) systems. Developed for use with nickel-cadmium batteries, the system enables real-time monitoring of electrolyte levels and operating conditions, eliminating the need for manual inspections. This innovation is particularly valuable for high-risk, remote environments such as oil and gas platforms, where efficient battery maintenance is critical to operational safety.
The Minister of Science, Technology and Innovation (MOSTI), YB Chang Lih Kang, said: "The launch of the BWLS System reflects Malaysia’s commitment to advancing homegrown innovations that strengthen industrial safety, sustainability, and competitiveness. This technology also supports our national agenda for high-tech industrialisation, digitalisation, and greener operations.”
Powered by Malaysian Energy Transmission Technology (METT), the system wirelessly transmits energy via a 919 MHz RF signal to sensor units embedded with graphene-based antenna reflectors, boosting energy transfer efficiency by 15 to 20 per cent. These auto-calibrating sensors adapt to changing environmental and battery conditions, ensuring accurate readings. Sensor data is then transmitted via LoRa or Wi-Fi to a centralised monitoring dashboard that provides real-time visibility of battery levels, temperature, and fault alerts.
NMB’s Chief Executive Officer, Dr Rezal Khairi Ahmad, said: "Today, we introduce a locally developed, market-ready solution that offers industrial operators a smarter, safer, and more cost-effective approach to battery monitoring and predictive maintenance. This innovation represents a leap in operational efficiency and safety, with strong commercialisation potential across the energy, oil and gas, and broader industrial sectors.”
Enhance Track's Managing Director, Ts. Dr Benedict Foo mentioned that: "The newly developed battery water level sensor aligns with ongoing digitalisation programs and efforts in the oil and gas as well as power utility sectors. This innovative solution supports the move towards Condition-Based Maintenance (CBM), enabling real-time monitoring and predictive maintenance of critical battery systems. By leveraging advanced wireless-powered IoT technology, the sensor helps operators avoid unexpected equipment failures, optimise maintenance schedules, and enhance operational safety and efficiency in challenging industrial environments."
In offshore and onshore oil and gas facilities, UPS systems play a vital role in maintaining emergency lighting, alarms, communication devices, and critical equipment during unexpected power outages. These systems rely on nickel-cadmium batteries that require constant monitoring of electrolyte levels to prevent malfunctions, overheating, or thermal runaway. However, due to their placement in hazardous or inaccessible areas, manual inspections can be both dangerous and resource-intensive. The BWLS System addresses these challenges by enabling wireless, real-time monitoring of battery electrolyte levels and cell conditions without the need for manual and physical checks or time-based battery replacements.
Designed with a modular architecture, the BWLS System is highly scalable, making it adaptable for battery banks of various sizes and configurations. Unlike conventional monitoring devices, it is completely battery-free, eliminating the need for long-term maintenance on the battery water level sensor itself. Its non-intrusive installation process does not interfere with battery integrity, ensuring seamless deployment even in sensitive or high-risk environments, such as offshore platforms, where UPS batteries power critical assets, including firewater pumps, lighting, and communication networks. Sensors feature LED indicators for quick fault identification, external alarm contacts for system integration, and a simple daisy-chain installation process with pre-cut cables for fast deployment.
The solution has already been field-tested at TNB Research’s substation in Kajang, proving its robustness in real-world conditions. By reducing the need for manual inspections, it lowers maintenance costs, minimises manpower exposure to hazardous environments, and prevents failures that could otherwise lead to costly downtime or fire hazards. This blend of technological advancement, environmental responsibility, and economic value positions the BWLS System as a breakthrough innovation with strong global market potential.
NICE 2025 was held from 6–9 October 2025 at the World Trade Centre, Kuala Lumpur.
SOURCE: NanoMalaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Raja Riznal Raja Abidin MCIM MIPR
Senior Vice President
Group Corporate Affairs
Tel: +603 2770 2380 / +6016 660 4606
Fax: +603 4050 3827
--BERNAMA
Monday, October 6, 2025
Datavault AI Updates 4th Quarter, 2025 Outlook
- Company Incorporates Four Innovative Independent Data Exchanges with Expected Q4-25 Revenue Contribution
- Exchanges Expected to be Bolstered by Foundational Patents in the Tokenomics Economy
- Begins Enforcement Initiative with Top Tier Banks Led by Leading IP Firm
BEAVERTON, Ore., Oct 7 (Bernama-GLOBE NEWSWIRE) -- Datavault AI Inc. (NASDAQ: DVLT), a pioneer in AI-driven tokenization and data monetization, today updated its 4th quarter of 2025 outlook and 2026 revenue guidance. Highlights of the Company’s Q4-25 outlook includes:
- Incorporating four innovative independent data exchanges
- Enhancing its patent portfolio, now exceeding 70 patents/filings, focused on creating the tokenomics industry
- Updating its revenue guidance for 2026 to reflect full funding of operational and capital expenditures
- Planning to add prominent, high-ranking U.S. business executives and industry leaders to the Datavault AI board of directors and board of advisors
Incorporation of Four Innovative Independent Data Exchanges
Datavault AI is proud to announce its incorporation of four Delaware corporations for it to launch the following revolutionary independent data exchanges: International Elements Exchange Inc., International NIL Exchange Inc., Information Data Exchange Inc., and American Political Exchange Inc. These pioneering marketplaces are set to transform asset tokenization across key sectors, empowering businesses, investors, and organizations to unlock new value streams in rapidly growing markets.
- International Elements Exchange Inc. – Real World Assets: Dedicated to tokenizing and exchanging real-world assets like unmined gold, copper, other minerals, and carbon credits. It serves mining companies, resource investors, sustainability organizations, and institutional traders. Analysts project the global tokenized real world asset market to reach over $16 trillion by 2030.
- International NIL Exchange Inc. – Sports and Entertainment: Enables athletes, entertainers, and rightsholders to monetize name, image, and likeness (NIL) via secure digital tokens. It caters to professional sports leagues, collegiate athletes, agencies, and fans. Top research firms expect the U.S. NIL market to surpass $1.14 billion in 2025.
- Information Data Exchange Inc. – Monetizing Corporate Data: Provides a platform for businesses to securely monetize corporate data assets in sectors such as finance, healthcare, retail, and technology. Analysts forecast the worldwide data monetization market to exceed $7 billion by 2027.
- American Political Exchange Inc. – Political Donations: Leverages blockchain for transparent, Federal Election Commission (FEC)-compliant political contributions -- serving campaigns, donors, advocacy groups, and oversight bodies. Experts calculate the U.S. political donation market surpassed $14 billion in the 2020 election cycle.
Each exchange will undergo independent regulatory review managed by Houlihan Lokey, with NYIAX providing its electronic trading technology and joint intellectual property assets co-owned with Nasdaq. Following recent guidance via the Clarity and Genius Acts in the US House of Representatives, management anticipates launching the International Elements Exchange and International NIL Exchange ahead of schedule, before year-end 2025. Progress in utilization of stablecoins and crypto-currencies for cross-border settlements is creating a far more user-friendly marketplace for banks and institutions – which the Company expects will soon migrate to consumers.
Strengthened Patent Portfolio and IP Defense Strategy
Datavault AI's foundational patent portfolio, now exceeding 70 patents and numerous trade secrets, underpins these exchanges and establishes leadership in the tokenomics industry. Key innovations, include but are not limited to, secure asset tokenization methods (Patent No. US10,123,456), smart contract protocols for NIL agreements (Patent No. US10,234,567), data valuation algorithms (Patent No. US10,345,678), and blockchain-based political contribution systems (Patent No. US10,456,789). These patents enable tamper-proof provenance, automated compliance, transparent valuation, and auditable transactions.
The Company’s patent defense strategy focuses on top-tier banks that launched or plan to launch token exchanges which Datavault AI believes infringe upon its IP and/or will require licensing its technologies. To support this strategy, the Company has retained a premier intellectual property law firm to protect its IP -- and pursue opportunities to license this growing IP wherever practical. Due to the rapidly evolving marketplace at many levels, Datavault AI has authorized IP enforcement action and, with funding in place, will also consider third-party financiers investing for an interest in such litigation which the Company expects will commence in the fourth quarter of 2025.
Further, Datavault AI technical advantages stem from Datavalue®, DataScore®, and Data Vault Bank™ AI engines, which have been developed in partnership with IBM with whom the Company is a Platinum Partner. These AI agents are anticipated to be sold to Fortune 100 companies (such as top-tier banks or institutions) operating token exchanges or participating as buyers/sellers, enhancing data scoring, data valuation, and secure banking in tokenized ecosystems.
Progress Report on Q3-25 Objectives and High-Performance Computing Strategy
Datavault AI is accelerating its growth based, in part, on these Q3-25 progress milestones:
- Marketplaces: The four exchanges have been incorporated, with regulatory reviews underway.
- High-performance computing and AI: Secured a $150 million seed investment of bitcoin, valued at day of signing, to develop supercomputing capability, including IBM software license. Site selection and development plans are nearing finalization, enabling quantum simulation for 3D digital twins in education, science, industry, and government.
- Acquisitions: Postponed a key 2025 acquisition due to AI investment priorities and dilution concerns. Management expects to close this transaction in Q4 2025 on cash terms to accelerate integration.
Updated Revenue Guidance for 4Q 2025 and FY 2026
Now, fully funded through Scilex’s strategic $150 million investment, and with distinguished U.S. business executives and leaders planned to join the Company’s board of directors and board of advisors in this fourth quarter, Datavault expects it will meet or exceed its 2025 2nd half guidance of $12 to $15 million.
It is optimistic it will reach a 2026 revenue range exceeding its previous $40 to $50 million revenue target. Revenue drivers include the industry’s rapid move to tokenization, licensing opportunities from Datavault AI’s IP, ADIO® licensing deals, and the impact of its Platinum Partner status with IBM.
This guidance assumes regulatory approvals as noted above, leveraging the Company's quantum Web 3.0 strategy, non-dilutive value-added acquisitions, and cross-industries value-driving partnerships to increase growth in asset tokenization, data monetization, and transparent exchanges. The Company will further update its 2026 revenue guidance in calendar year 2026 as it gains further visibility.
For more information, visit www.dvlt.ai
About Datavault AI Inc.
Datavault AI Inc. (NASDAQ: DVLT) is a leader in AI-driven blockchain solutions, focusing on data monetization, asset tokenization, and secure digital marketplaces.
Datavault AI™ is at the forefront of AI-driven data experiences, valuation, and monetization. The company’s cloud-based platform delivers comprehensive solutions with a collaborative emphasis across its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features Wisam®, ADIO®, and Sumerian® patented technologies, along with industry-leading foundational spatial and multichannel wireless HD sound transmission technologies, including IP for audio timing, synchronization, and multi-channel interference cancellation. The Data Science Division harnesses high-performance computing to offer solutions for experiential data perception, valuation, and secure monetization. Datavault AI's cloud-based platform serves diverse industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange® (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely linking physical real-world objects to immutable metadata, promoting responsible AI with integrity. Datavault AI’s technology suite is fully customizable, featuring AI and Machine Learning (ML) automation, third-party integrations, detailed analytics, marketing automation, and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more at www.dvlt.ai.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "continues" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, future acquisition strategy and timelines, licensing and data exchange initiatives, and planned changes to the advisory boards and board of directors, patent initiatives, patent infringement and patent defense strategies as well as the successful implementation of the patented technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: our ability to successfully utilize all intellectual property that has been issued and granted Notices of Allowance; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various patents mentioned in this press release; receipt of regulatory approve for data exchanges and other risks with respect to the implementation of such exchanges; our current liquidity position and the need to obtain additional financing to support ongoing operations and or our ability to monetize the bitcoin that we have acquired and closing the final tranche of bitcoin investment; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement our technologies into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
SOURCE: Datavault AI Inc.
Media Inquiries
marketing@dvlt.ai
Investor Contact
800.491.9665
datavaultinvestors@allianceadvisors.com
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Thursday, October 2, 2025
HBKU Conference Sparks Urgent Global Dialogue On Inclusive AI Ethics Frameworks
KUALA LUMPUR, Sept 30 (Bernama) -- Hamad Bin Khalifa University (HBKU)’s conference on artificial intelligence (AI) ethics has concluded with a call for a unified and culturally inclusive framework for AI.
Held in Qatar, the two-day event titled “AI Ethics: The Convergence of Technology and Diverse Moral Traditions” brought together international academics, policymakers, industry experts and ethicists, among others, according to a statement.
The conference underscored the importance of aligning AI with diverse moral traditions through collaborative solutions, while also fostering new cross-sector partnerships to shape the future of AI innovation.
Six thematic areas were discussed, namely healthcare, urban design, security, education, finance and the future of the workplace, with participants stressing the need to embed ethical considerations in AI adoption across all sectors.
Among the debates, the use of AI in armed conflict drew strong attention, with panellists examining the legal, ethical and policy implications of decision-support systems under International Humanitarian Law.
Discussions also addressed AI’s impact on human values in areas such as doctor-patient relationships, underscoring the challenges of safeguarding trust, autonomy and human dignity in the digital age.
The conference concluded with recommendations for developing a global AI framework that reflects cultural and moral diversity beyond Western perspectives.
It further called for the integration of AI technologies across key sectors to prepare future generations, and for international policy alignment to maximise benefits while mitigating risks.
The conference reaffirmed the role of educational institutions as knowledge hubs and conveners of dialogue, contributing to research-backed solutions to global challenges.
By convening stakeholders from diverse traditions and disciplines, HBKU aims to ensure that the conversation on AI ethics is not only advanced but also inclusive, reflecting the shared values of all societies.
-- BERNAMA
Tuesday, September 30, 2025
KiddeFenwal To Showcase Cutting-Edge Fire Suppression Solutions At Global Data Centre Events
KUALA LUMPUR, Sept 29 (Bernama) -- KiddeFenwal, the global leader in the fire suppression and safety controls industry, is set to showcase its latest, most innovative solutions to numerous prestigious events for data centre professionals worldwide.
The company will exhibit at major data centre conferences, including DCD Connect LATAM in Cancún, Mexico (Sept 30 to Oct 1), Data Center World Asia in Singapore (Oct 8 to 9), and Data Center World Madrid (Oct 29 to 30). These events focus on technological advances, sustainability, and tailored solutions for data centre operations.
KiddeFenwal will showcase clean agent systems that have demonstrated the ability to significantly enhance fire detection and suppression for data centres while mitigating the potential for serious damage to extremely expensive and difficult-to-replace artificial intelligence (AI) infrastructure by high-volume large-droplet water systems.
“Clean agent fire suppression systems represent the future for fire protection for data centres, which are seeing elevated risk as their energy loads increase with AI demand.
“We are proud to offer the most cutting-edge clean agent systems available—solutions that are being championed by a growing number of data centre professionals,” said KiddeFenwal Chief Executive Officer, Rekha Agrawal in a statement.
In addition to data centre events, KiddeFenwal will also attend a number of conferences for fire industry professionals, including Intersec Saudi Arabia in Riyadh (Sept 29 to Oct 1) and Fire Expo LATAM in MedellÃn, Colombia (Oct 1 to 2).
-- BERNAMA
Saturday, September 27, 2025
AI TAKES THE WHEEL: 96 PCT ENTERPRISES NOW EMBEDDING AI INTO CORE OPERATIONS
KUALA LUMPUR, Sept 26 (Bernama) -- Cloudera’s new global report, The Evolution of AI: The State of Enterprise AI and Data Architecture, reveals that 96 per cent of information technology (IT) leaders have integrated artificial intelligence (AI) into their core business processes, up from 88 per cent just a year ago.
This indicates that AI has gone from experimentation to full integration in core processes and workflows, with a striking 70 per cent of organisations reporting significant success from AI initiatives, with only one per cent yet to benefit.
Drawing insights from over 1,500 IT leaders worldwide, the 2025 report examines how AI adoption has accelerated, enterprise data architectures have evolved and new challenges have emerged around securely scaling AI in 2025.
Building on Cloudera’s 2024 study, the report highlights how priorities, obstacles, and goals have shifted in just one year, offering a snapshot of the rapidly changing enterprise AI landscape, exposing that the future will be driven by AI, and AI is fuelled by all data anywhere the data resides.
Cloudera Chief Technology Officer, Sergio Gago in a statement that AI has shifted from a strategic priority to an urgent mandate, adding that innovations like private AI and GPU-powered generative AI behind firewalls are key to this shift.
“But many enterprises are still stuck at the proof-of-concept stage. Cloudera’s mission is to bring AI to all data wherever it resides, with full governance and trust,” he said.
Companies are embracing multiple forms of AI to drive those outcomes, with 60 per cent of enterprises using generative AI, 53 per cent leveraging deep learning, and 50 per cent utilising predictive models. Confidence in diversifying AI is also rising, with 67 per cent of leaders feeling better equipped, especially with emerging AI agents.
Hybrid data architecture is now the standard. Companies are blending cloud and on-premise systems to enhance security (62 per cent), data management (55 per cent), and analytics (54 per cent). Still, challenges persist as data integration and accessibility remain major hurdles, with only nine per cent saying all their data is AI-ready.
The survey debuted at EVOLVE25 NYC, Cloudera’s flagship event series showcasing innovations at the intersection of AI and data.
-- BERNAMA
This indicates that AI has gone from experimentation to full integration in core processes and workflows, with a striking 70 per cent of organisations reporting significant success from AI initiatives, with only one per cent yet to benefit.
Drawing insights from over 1,500 IT leaders worldwide, the 2025 report examines how AI adoption has accelerated, enterprise data architectures have evolved and new challenges have emerged around securely scaling AI in 2025.
Building on Cloudera’s 2024 study, the report highlights how priorities, obstacles, and goals have shifted in just one year, offering a snapshot of the rapidly changing enterprise AI landscape, exposing that the future will be driven by AI, and AI is fuelled by all data anywhere the data resides.
Cloudera Chief Technology Officer, Sergio Gago in a statement that AI has shifted from a strategic priority to an urgent mandate, adding that innovations like private AI and GPU-powered generative AI behind firewalls are key to this shift.
“But many enterprises are still stuck at the proof-of-concept stage. Cloudera’s mission is to bring AI to all data wherever it resides, with full governance and trust,” he said.
Companies are embracing multiple forms of AI to drive those outcomes, with 60 per cent of enterprises using generative AI, 53 per cent leveraging deep learning, and 50 per cent utilising predictive models. Confidence in diversifying AI is also rising, with 67 per cent of leaders feeling better equipped, especially with emerging AI agents.
Hybrid data architecture is now the standard. Companies are blending cloud and on-premise systems to enhance security (62 per cent), data management (55 per cent), and analytics (54 per cent). Still, challenges persist as data integration and accessibility remain major hurdles, with only nine per cent saying all their data is AI-ready.
The survey debuted at EVOLVE25 NYC, Cloudera’s flagship event series showcasing innovations at the intersection of AI and data.
-- BERNAMA
Friday, September 26, 2025
ASANA UNVEILS AI TEAMMATES TO SUPERCHARGE HUMAN-AI COLLABORATION AT WORK
KUALA LUMPUR, Sept 26 (Bernama) -- Asana, a work management platform for human and artificial intelligence (AI) collaboration, has launched AI Teammates, collaborative agents that understand the context of all work across an organisation and how that work gets done.
These AI agents are not just chatbots with tasks; they are integrated collaborators that learn, adapt, and operate within the broader context of how your business runs.
This comes as research shows 70 per cent of autonomous agents fail at basic tasks, not due to a lack of AI power, but a lack of context.
Asana in a statement said it is fixing that by embedding AI Teammates directly into its Work Graph, giving them memory, structure, and visibility across teams.
“Everyone is building autonomous agents, but autonomy is the wrong goal. Agents can only collaborate effectively with humans if they have access to the company’s operational framework or ‘blueprint’ of who is doing what by when, how, and why.
“Importantly, our approach also gives humans control over how agents access data and consume resources,” said Asana chief executive officer, Dan Rogers.
AI Teammates extend Asana’s existing AI capabilities, which include AI Studio, a no-code builder for AI-powered workflows that handle repeatable, routine tasks at high volume.
What sets AI Teammates apart is their deep understanding of team goals, workflows, and organisational structure, which allows them to operate with full context. They offer transparency through clear, traceable actions and give administrators control over data access, usage, and costs.
Already, these agents are making an impact across departments, from managing campaigns in marketing to streamlining information technology (IT) support, assisting product teams with bug tracking, and coordinating complex launches in operations.
AI Teammates are now available in beta, with general availability expected in the first quarter of fiscal year 2027.
-- BERNAMA
These AI agents are not just chatbots with tasks; they are integrated collaborators that learn, adapt, and operate within the broader context of how your business runs.
This comes as research shows 70 per cent of autonomous agents fail at basic tasks, not due to a lack of AI power, but a lack of context.
Asana in a statement said it is fixing that by embedding AI Teammates directly into its Work Graph, giving them memory, structure, and visibility across teams.
“Everyone is building autonomous agents, but autonomy is the wrong goal. Agents can only collaborate effectively with humans if they have access to the company’s operational framework or ‘blueprint’ of who is doing what by when, how, and why.
“Importantly, our approach also gives humans control over how agents access data and consume resources,” said Asana chief executive officer, Dan Rogers.
AI Teammates extend Asana’s existing AI capabilities, which include AI Studio, a no-code builder for AI-powered workflows that handle repeatable, routine tasks at high volume.
What sets AI Teammates apart is their deep understanding of team goals, workflows, and organisational structure, which allows them to operate with full context. They offer transparency through clear, traceable actions and give administrators control over data access, usage, and costs.
Already, these agents are making an impact across departments, from managing campaigns in marketing to streamlining information technology (IT) support, assisting product teams with bug tracking, and coordinating complex launches in operations.
AI Teammates are now available in beta, with general availability expected in the first quarter of fiscal year 2027.
-- BERNAMA
CLOUDERA EXPANDS AI ECOSYSTEM WITH STRATEGIC NEW PARTNERS
KUALA LUMPUR, Sept 26 (Bernama) -- Cloudera announced the expansion of its Enterprise AI Ecosystem with four new strategic partnerships designed to deliver complete, production-ready artificial intelligence (AI) solutions for enterprises worldwide.
This initiative brings together industry leaders to offer a complete suite of solutions that address enterprises’ most pressing AI needs, end-to-end, according to Cloudera in a statement.
As organisations rapidly evolve in their AI maturity, from retrieval-augmented generation (RAG) and copilots to predictive engines, AI-driven automation, and intelligent agents, Cloudera is helping them move beyond experimentation to embed AI into core business operations.
Its AI-powered lakehouse provides a unified foundation for scalable, governed, and secure AI deployment across structured and unstructured data.
“The Enterprise AI Ecosystem has become a cornerstone of our strategy to help large enterprises navigate the complexities of AI adoption.
“Our newest partners bring specialised capabilities that directly address the biggest challenges our customers face today,” said Cloudera Chief Strategy Officer, Abhas Ricky.
Cloudera’s four newly announced partners bring complementary strengths to its expanding Enterprise AI Ecosystem. ServiceNow brings powerful workflow automation to the table, integrating its platform with Cloudera’s data foundation to enable seamless, real-time access to enterprise data without duplication.
Meanwhile, Fundamental offers a predictive AI engine tailored for structured enterprise data without the need for manual tuning, while Pulse provides advanced document processing to convert unstructured content into large language model (LLM)-ready data. Rounding out the lineup, Galileo.ai introduces robust AI observability tools that monitor model performance, detect drift, and ensure reliability at scale.
These partnerships add to Cloudera’s growing AI ecosystem, which already includes NVIDIA, Amazon Web Services (AWS), Pinecone, Google Cloud, Anthropic, Snowflake, and CrewAI.
-- BERNAMA
This initiative brings together industry leaders to offer a complete suite of solutions that address enterprises’ most pressing AI needs, end-to-end, according to Cloudera in a statement.
As organisations rapidly evolve in their AI maturity, from retrieval-augmented generation (RAG) and copilots to predictive engines, AI-driven automation, and intelligent agents, Cloudera is helping them move beyond experimentation to embed AI into core business operations.
Its AI-powered lakehouse provides a unified foundation for scalable, governed, and secure AI deployment across structured and unstructured data.
“The Enterprise AI Ecosystem has become a cornerstone of our strategy to help large enterprises navigate the complexities of AI adoption.
“Our newest partners bring specialised capabilities that directly address the biggest challenges our customers face today,” said Cloudera Chief Strategy Officer, Abhas Ricky.
Cloudera’s four newly announced partners bring complementary strengths to its expanding Enterprise AI Ecosystem. ServiceNow brings powerful workflow automation to the table, integrating its platform with Cloudera’s data foundation to enable seamless, real-time access to enterprise data without duplication.
Meanwhile, Fundamental offers a predictive AI engine tailored for structured enterprise data without the need for manual tuning, while Pulse provides advanced document processing to convert unstructured content into large language model (LLM)-ready data. Rounding out the lineup, Galileo.ai introduces robust AI observability tools that monitor model performance, detect drift, and ensure reliability at scale.
These partnerships add to Cloudera’s growing AI ecosystem, which already includes NVIDIA, Amazon Web Services (AWS), Pinecone, Google Cloud, Anthropic, Snowflake, and CrewAI.
-- BERNAMA
CLOUDERA, DELL LAUNCH PRIVATE AI PLATFORM TO UNLOCK ENTERPRISE DATA
KUALA LUMPUR, Sept 26 (Bernama) -- Cloudera, the only company bringing artificial intelligence (AI) to data anywhere, announced the integration of Dell ObjectScale with its platform, unveiling a robust private AI solution built for scale, governance, and predictable economics.
Announced at Cloudera EVOLVE25, this collaboration provides joint customers with a fully validated and integrated data platform, allowing them to run all of Cloudera's compute engines directly against Dell ObjectScale storage.
“Bringing Dell ObjectScale together with Cloudera enables organisations to industrialise AI use cases using secure data, deploy them efficiently, and create smart agents, all with predictable economics and without hidden fees.
“Cloudera is uniquely positioned to unify governed enterprise data with AI services on modern storage, creating the only Private AI platform that combines governance, performance, and clear economics at an industrial scale,” said Cloudera chief strategy officer, Abhas Ricky.
Meanwhile, Dell Technologies senior vice president, ISG Product Management, Travis Vigil said the collaboration reflected its shared commitment to giving customers more flexibility in managing and scaling their data.
“With Dell ObjectScale now integrated with Cloudera, we are helping customers bring storage and AI closer together to empower smarter, faster decision-making that drives business growth,” added Vigil.
Cloudera in a statement said it has collaborated with Dell Technologies to allow joint customers to store all their data–structured and unstructured–in one place and access it quickly and securely.
In addition, the collaboration allows Cloudera users to leverage Dell ObjectScale as an S3-compatible object store for AL workloads with Cloudera AI Workbench, Inference Service and Agent Studio.
The combination of Dell Technologies's leadership in AI infrastructure with Cloudera's secure data platform and AI tools creates a complete private AI system, offering significant business value.
-- BERNAMA
Announced at Cloudera EVOLVE25, this collaboration provides joint customers with a fully validated and integrated data platform, allowing them to run all of Cloudera's compute engines directly against Dell ObjectScale storage.
“Bringing Dell ObjectScale together with Cloudera enables organisations to industrialise AI use cases using secure data, deploy them efficiently, and create smart agents, all with predictable economics and without hidden fees.
“Cloudera is uniquely positioned to unify governed enterprise data with AI services on modern storage, creating the only Private AI platform that combines governance, performance, and clear economics at an industrial scale,” said Cloudera chief strategy officer, Abhas Ricky.
Meanwhile, Dell Technologies senior vice president, ISG Product Management, Travis Vigil said the collaboration reflected its shared commitment to giving customers more flexibility in managing and scaling their data.
“With Dell ObjectScale now integrated with Cloudera, we are helping customers bring storage and AI closer together to empower smarter, faster decision-making that drives business growth,” added Vigil.
Cloudera in a statement said it has collaborated with Dell Technologies to allow joint customers to store all their data–structured and unstructured–in one place and access it quickly and securely.
In addition, the collaboration allows Cloudera users to leverage Dell ObjectScale as an S3-compatible object store for AL workloads with Cloudera AI Workbench, Inference Service and Agent Studio.
The combination of Dell Technologies's leadership in AI infrastructure with Cloudera's secure data platform and AI tools creates a complete private AI system, offering significant business value.
-- BERNAMA
CLOUDERA SUPERCHARGES DATA LAKEHOUSE WITH ICEBERG UPGRADES FOR AI ANYWHERE
KUALA LUMPUR, Sept 26 (Bernama) -- Cloudera has announced updates to its platform, specifically Cloudera Iceberg REST Catalog and Cloudera Lakehouse Optimizer, to strengthen its commitment to delivering the best open data lakehouse powered by Iceberg.
Cloudera Chief Product Officer, Leo Brunnick said the company pioneered the Big Data industry and remained a leading platform provider who continues to invest in making the Apache Iceberg open table format enterprise-ready.
“With today’s news, we continue to deliver on the promise of flexibility, scalability, and uncompromised insights when and where you need them the most. That commitment is why the world’s largest organisations rely on Cloudera to bring AI to their data, wherever it lives,” added Brunnick in a statement.
With these updates, Iceberg REST Catalog provides the open interoperability needed to share data seamlessly, while Lakehouse Optimizer will help to ensure data is always optimised and cost-effective for all engines accessing the data, all under Cloudera’s unified governance and security.
Cloudera is the first and only provider to integrate the Iceberg REST Catalog across a full-lifecycle data and AI platform, enabling secure, zero-copy data sharing and unified governance across any cloud or data centre.
The company’s new offering solves these challenges by integrating the Iceberg REST Catalog into its platform, allowing third-party engines to access Cloudera-managed data directly and ensuring consistent policy enforcement and metadata intelligence in public clouds, data centres, and the edge.
Meanwhile, the Cloudera Lakehouse Optimizer will deliver automated optimisations and table maintenance for Apache Iceberg within Cloudera's lakehouse, offering advanced, intelligent optimisations that go beyond basic table maintenance, including tasks like rewriting manifest and position delete files.
By intelligently optimising tables, it eliminates the need for manual data management tasks and operational costs, allowing customers to focus on extracting insights from their data.
-- BERNAMA
Cloudera Chief Product Officer, Leo Brunnick said the company pioneered the Big Data industry and remained a leading platform provider who continues to invest in making the Apache Iceberg open table format enterprise-ready.
“With today’s news, we continue to deliver on the promise of flexibility, scalability, and uncompromised insights when and where you need them the most. That commitment is why the world’s largest organisations rely on Cloudera to bring AI to their data, wherever it lives,” added Brunnick in a statement.
With these updates, Iceberg REST Catalog provides the open interoperability needed to share data seamlessly, while Lakehouse Optimizer will help to ensure data is always optimised and cost-effective for all engines accessing the data, all under Cloudera’s unified governance and security.
Cloudera is the first and only provider to integrate the Iceberg REST Catalog across a full-lifecycle data and AI platform, enabling secure, zero-copy data sharing and unified governance across any cloud or data centre.
The company’s new offering solves these challenges by integrating the Iceberg REST Catalog into its platform, allowing third-party engines to access Cloudera-managed data directly and ensuring consistent policy enforcement and metadata intelligence in public clouds, data centres, and the edge.
Meanwhile, the Cloudera Lakehouse Optimizer will deliver automated optimisations and table maintenance for Apache Iceberg within Cloudera's lakehouse, offering advanced, intelligent optimisations that go beyond basic table maintenance, including tasks like rewriting manifest and position delete files.
By intelligently optimising tables, it eliminates the need for manual data management tasks and operational costs, allowing customers to focus on extracting insights from their data.
-- BERNAMA
Thursday, September 25, 2025
BRAZILIAN LEGAL PRODIGY RAISES US$35 MLN TO TACKLE COUNTRY’S LITIGATION CRISIS WITH AI
KUALA LUMPUR, Sept 25 (Bernama) -- Brazil’s legal system is overwhelmed by volume, burdened by close to 80 million active lawsuits—a figure eight times higher than in the United States, especially in labour-related claims costing companies billions annually.
In response to this crisis, Brazil’s youngest-ever practising lawyer, Mateus Costa-Ribeiro, has launched Enter, an artificial intelligence (AI)-powered litigation management platform that just raised US$35 million in Series A funding at a US$350 million valuation, marking the largest AI-focused investment in Latin America to date. (US$1=RM4.21)
Enter's round was co-led by Founders Fund and Sequoia Capital, signalling growing global investor confidence in Latin America’s enterprise AI potential.
Costa-Ribeiro, co-founded Enter after graduating from Harvard Law, passing the New York Bar at 20, and leaving a full scholarship at Stanford’s MBA programme. Alongside him are co-founders Michael Mac-Vicar, former Chief Technology Officer of Wildlife Studios, and Henrique Vaz, a Harvard peer and ex-Chief Marketing Officer at Wildlife.
“We have built a platform that already delivers direct cost savings for the largest enterprises in Latin America. Solving this in Brazil, the most complex legal ecosystem in the world, proves that our technology can scale globally,” said Costa-Ribeiro in a statement.
Enter’s AI agents support lawyers across the full lifecycle of a lawsuit, such as fraud detection, settlement recommendations, drafting defences, and interpreting rulings. Human lawyers then review and refine the AI’s output, hence producing faster and stronger results.
In 2025 alone, Enter expects to process more than 250,000 new cases, a figure that, to put it in perspective, is almost double the number of civil lawsuits filed each year in Japan.
Companies that rely on its platform earned higher win rates in court and millions of dollars in savings, with some of the clients including Brazil’s largest banks, such as Itaú and Santander, retail giants like Mercado Livre and global technology leaders like Nubank and Airbnb.
Enter is now expanding into complex labour disputes and developing predictive AI to recommend the most effective evidence, precedents and arguments, redefining how AI shapes legal strategy.
-- BERNAMA
In response to this crisis, Brazil’s youngest-ever practising lawyer, Mateus Costa-Ribeiro, has launched Enter, an artificial intelligence (AI)-powered litigation management platform that just raised US$35 million in Series A funding at a US$350 million valuation, marking the largest AI-focused investment in Latin America to date. (US$1=RM4.21)
Enter's round was co-led by Founders Fund and Sequoia Capital, signalling growing global investor confidence in Latin America’s enterprise AI potential.
Costa-Ribeiro, co-founded Enter after graduating from Harvard Law, passing the New York Bar at 20, and leaving a full scholarship at Stanford’s MBA programme. Alongside him are co-founders Michael Mac-Vicar, former Chief Technology Officer of Wildlife Studios, and Henrique Vaz, a Harvard peer and ex-Chief Marketing Officer at Wildlife.
“We have built a platform that already delivers direct cost savings for the largest enterprises in Latin America. Solving this in Brazil, the most complex legal ecosystem in the world, proves that our technology can scale globally,” said Costa-Ribeiro in a statement.
Enter’s AI agents support lawyers across the full lifecycle of a lawsuit, such as fraud detection, settlement recommendations, drafting defences, and interpreting rulings. Human lawyers then review and refine the AI’s output, hence producing faster and stronger results.
In 2025 alone, Enter expects to process more than 250,000 new cases, a figure that, to put it in perspective, is almost double the number of civil lawsuits filed each year in Japan.
Companies that rely on its platform earned higher win rates in court and millions of dollars in savings, with some of the clients including Brazil’s largest banks, such as Itaú and Santander, retail giants like Mercado Livre and global technology leaders like Nubank and Airbnb.
Enter is now expanding into complex labour disputes and developing predictive AI to recommend the most effective evidence, precedents and arguments, redefining how AI shapes legal strategy.
-- BERNAMA
Wednesday, September 24, 2025
Axi Select Celebrates Two Years with $400M+ in Trader Funding and Breakthrough Success Stories
SYDNEY, Sept 24 (Bernama-GLOBE NEWSWIRE) -- Axi Select, the pioneering trader development and funding program from global online trading broker Axi, is celebrating its second anniversary with a major milestone — surpassing $400 million in allocated trader funding and cementing its position as the industry’s most innovative prop-style broker-backed program.
Since launching in 2023, Axi Select has expanded to support thousands of traders worldwide across multiple regions. Its unique performance-based model has already seen more than five traders reach the ProM stage, each managing $1 million in funding, while its community of over 40,000 traders continue to progress through the program’s milestones.
Milestones at Two Years$400M+ in funding allocated to traders worldwide
Over $10M+ profit payouts
Five traders reaching the ProM $1M funding stage
A growing community of over 40,000 traders
Edge score performance analytics introduced, giving traders objective feedback on risk, consistency, and discipline
MT5 integration, expanding market access and trading tools
A New Standard for Trader Development
Axi Select has distinguished itself by removing the barriers and costs associated with traditional proprietary trading firms. There are no entry fees, rigid elimination challenges, or artificial timelines. Instead, traders grow through the program by demonstrating consistency, discipline, and skill in live markets.
“Over the past two years, we’ve built something truly different with Axi Select,” said Greg Rubin, Head of Axi Select. “Our focus is on giving traders a fair and transparent path to scale their careers. Seeing five traders already reach $1 million in funding is proof that with the right tools and support, incredible things are possible.”
Looking Ahead
In its third year, Axi Select plans to expand its trader support ecosystem through:Advanced performance analytics tools, building on the success of Edge score
Enhanced education and mentorship, helping traders build sustainable long-term careers
Ongoing platform innovation, delivering seamless integration across MT5 and Axi’s global infrastructure“At Axi Select, we’re not just funding trades — we’re helping traders grow into professionals,” Rubin added. “The last two years have laid a strong foundation, and we’re excited to see how far our traders can go in year three and beyond.”
About Axi
Axi is a global online FX and CFD trading company, trusted by thousands of customers in over 100 countries. Axi offers trading across multiple asset classes including Forex, Shares, Gold, Oil, and Commodities.
For more information about Axi Select, visit: https://www.axi.com/int/funded-trader-program
Media enquiries: mediaenquiries@axi.com
The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Since launching in 2023, Axi Select has expanded to support thousands of traders worldwide across multiple regions. Its unique performance-based model has already seen more than five traders reach the ProM stage, each managing $1 million in funding, while its community of over 40,000 traders continue to progress through the program’s milestones.
Milestones at Two Years$400M+ in funding allocated to traders worldwide
Over $10M+ profit payouts
Five traders reaching the ProM $1M funding stage
A growing community of over 40,000 traders
Edge score performance analytics introduced, giving traders objective feedback on risk, consistency, and discipline
MT5 integration, expanding market access and trading tools
A New Standard for Trader Development
Axi Select has distinguished itself by removing the barriers and costs associated with traditional proprietary trading firms. There are no entry fees, rigid elimination challenges, or artificial timelines. Instead, traders grow through the program by demonstrating consistency, discipline, and skill in live markets.
“Over the past two years, we’ve built something truly different with Axi Select,” said Greg Rubin, Head of Axi Select. “Our focus is on giving traders a fair and transparent path to scale their careers. Seeing five traders already reach $1 million in funding is proof that with the right tools and support, incredible things are possible.”
Looking Ahead
In its third year, Axi Select plans to expand its trader support ecosystem through:Advanced performance analytics tools, building on the success of Edge score
Enhanced education and mentorship, helping traders build sustainable long-term careers
Ongoing platform innovation, delivering seamless integration across MT5 and Axi’s global infrastructure“At Axi Select, we’re not just funding trades — we’re helping traders grow into professionals,” Rubin added. “The last two years have laid a strong foundation, and we’re excited to see how far our traders can go in year three and beyond.”
About Axi
Axi is a global online FX and CFD trading company, trusted by thousands of customers in over 100 countries. Axi offers trading across multiple asset classes including Forex, Shares, Gold, Oil, and Commodities.
For more information about Axi Select, visit: https://www.axi.com/int/funded-trader-program
Media enquiries: mediaenquiries@axi.com
The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Axi Select Celebrates Two Years with $400M+ in Trader Funding and Breakthrough Success Stories
SYDNEY, Sept 24 (Bernama-GLOBE NEWSWIRE) -- Axi Select, the pioneering trader development and funding program from global online trading broker Axi, is celebrating its second anniversary with a major milestone — surpassing $400 million in allocated trader funding and cementing its position as the industry’s most innovative prop-style broker-backed program.
Since launching in 2023, Axi Select has expanded to support thousands of traders worldwide across multiple regions. Its unique performance-based model has already seen more than five traders reach the ProM stage, each managing $1 million in funding, while its community of over 40,000 traders continue to progress through the program’s milestones.
Milestones at Two Years$400M+ in funding allocated to traders worldwide
Over $10M+ profit payouts
Five traders reaching the ProM $1M funding stage
A growing community of over 40,000 traders
Edge score performance analytics introduced, giving traders objective feedback on risk, consistency, and discipline
MT5 integration, expanding market access and trading tools
A New Standard for Trader Development
Axi Select has distinguished itself by removing the barriers and costs associated with traditional proprietary trading firms. There are no entry fees, rigid elimination challenges, or artificial timelines. Instead, traders grow through the program by demonstrating consistency, discipline, and skill in live markets.
“Over the past two years, we’ve built something truly different with Axi Select,” said Greg Rubin, Head of Axi Select. “Our focus is on giving traders a fair and transparent path to scale their careers. Seeing five traders already reach $1 million in funding is proof that with the right tools and support, incredible things are possible.”
Looking Ahead
In its third year, Axi Select plans to expand its trader support ecosystem through:Advanced performance analytics tools, building on the success of Edge score
Enhanced education and mentorship, helping traders build sustainable long-term careers
Ongoing platform innovation, delivering seamless integration across MT5 and Axi’s global infrastructure“At Axi Select, we’re not just funding trades — we’re helping traders grow into professionals,” Rubin added. “The last two years have laid a strong foundation, and we’re excited to see how far our traders can go in year three and beyond.”
About Axi
Axi is a global online FX and CFD trading company, trusted by thousands of customers in over 100 countries. Axi offers trading across multiple asset classes including Forex, Shares, Gold, Oil, and Commodities.
For more information about Axi Select, visit: https://www.axi.com/int/funded-trader-program
Media enquiries: mediaenquiries@axi.com
The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Since launching in 2023, Axi Select has expanded to support thousands of traders worldwide across multiple regions. Its unique performance-based model has already seen more than five traders reach the ProM stage, each managing $1 million in funding, while its community of over 40,000 traders continue to progress through the program’s milestones.
Milestones at Two Years$400M+ in funding allocated to traders worldwide
Over $10M+ profit payouts
Five traders reaching the ProM $1M funding stage
A growing community of over 40,000 traders
Edge score performance analytics introduced, giving traders objective feedback on risk, consistency, and discipline
MT5 integration, expanding market access and trading tools
A New Standard for Trader Development
Axi Select has distinguished itself by removing the barriers and costs associated with traditional proprietary trading firms. There are no entry fees, rigid elimination challenges, or artificial timelines. Instead, traders grow through the program by demonstrating consistency, discipline, and skill in live markets.
“Over the past two years, we’ve built something truly different with Axi Select,” said Greg Rubin, Head of Axi Select. “Our focus is on giving traders a fair and transparent path to scale their careers. Seeing five traders already reach $1 million in funding is proof that with the right tools and support, incredible things are possible.”
Looking Ahead
In its third year, Axi Select plans to expand its trader support ecosystem through:Advanced performance analytics tools, building on the success of Edge score
Enhanced education and mentorship, helping traders build sustainable long-term careers
Ongoing platform innovation, delivering seamless integration across MT5 and Axi’s global infrastructure“At Axi Select, we’re not just funding trades — we’re helping traders grow into professionals,” Rubin added. “The last two years have laid a strong foundation, and we’re excited to see how far our traders can go in year three and beyond.”
About Axi
Axi is a global online FX and CFD trading company, trusted by thousands of customers in over 100 countries. Axi offers trading across multiple asset classes including Forex, Shares, Gold, Oil, and Commodities.
For more information about Axi Select, visit: https://www.axi.com/int/funded-trader-program
Media enquiries: mediaenquiries@axi.com
The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Tuesday, September 23, 2025
World Nears Quarter Million Crypto Millionaires in Historic Wealth Boom
LONDON, Sept 23 (Bernama-GLOBE NEWSWIRE) -- The ranks of crypto millionaires have surged to an unprecedented 241,700 individuals worldwide, according to the newly released Crypto Wealth Report 2025 by international residence and citizenship advisory specialists Henley & Partners. That’s a remarkable 40% increase in just 12 months, fueled by a dramatic surge in Bitcoin millionaires — up 70% year-on-year to 145,100 holders — and a booming total market valuation of USD 3.3 trillion as of June 2025, a 45% jump from a year previously.
At the apex of the crypto wealth pyramid, the number of ultra-wealthy individuals is rising sharply: 450 centi-millionaires now control crypto portfolios worth USD 100 million or more, up 38% since last year, while the number of crypto billionaires has climbed to 36, an increase of 29%. This significant growth coincides with a watershed year for institutional adoption, highlighted by the first-ever cryptocurrencies launched by a sitting US President and First Lady.
Dominic Volek, Head of Private Clients at Henley & Partners, says the surge of crypto-wealth is forcing governments and wealth managers to confront a new reality. “Traditional finance assumes money has a home address — but cryptocurrency doesn’t. Geography is now optional. With just 12 memorized words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike.”
Wealth Without Borders
The shift towards Bitcoin as collateral rather than a speculative asset marks a critical evolution as Philipp A. Baumann, Founder of Z22 Technologies, points out in the report. “Bitcoin is becoming the foundation of a parallel financial system, where [it] is not merely an investment for speculation on fiat price appreciation, but the base currency for accumulating wealth.”
The philosophical implications of this shift are profound, according to Samson Mow, CEO of JAN3, illustrating the tension between traditional and digital money systems: “Over any long-time horizon, fiat currency has one destiny: infinity. Bitcoin, on the contrary, has the opposite: 21 million.” This fixed supply versus infinite expansion represents what Mow calls “the defining paradox of our age”, as governments grapple with a form of wealth that exists outside traditional monetary control.
The convergence of crypto wealth and global mobility is accelerating. Catherine Chen, Head of VIP & Institutional at Binance, observes that “this new, mobility-driven class of investors is increasingly turning to citizenship by investment programs as a strategic route to geographic and financial flexibility.”
Townsend Lansing, Head of Product at CoinShares, confirms the broader momentum: “Driven by favorable regulatory winds, institutional adoption has not only arrived — it is surging.” Dr. Guneet Kaur, senior editor at CCN.com agrees, adding that “CBDCs, digital forms of a nation’s legal tender, are being explored by over 100 economies, with 49 countries in the pilot stage as of July 2025. They promise cheaper and faster state-backed payments.”
Crypto-Friendly Jurisdictions
The Henley Crypto Adoption Index, a proprietary tool updated annually, benchmarks the world’s most crypto-friendly countries with investment migration programs. Drawing on more than 750 data points, it offers digital asset investors a clear overview of how these different jurisdictions with residence and citizenship by investment pathways are regulating and adopting cryptocurrency and blockchain.
The index evaluates 29 investment migration programs across six key parameters — Public Adoption, Infrastructure Adoption, Innovation and Technology, Regulatory Environment, Economic Factors, and Tax-Friendliness — enabling investors to identify jurisdictions that best match their priorities.
Singapore leads with exceptional scores across Infrastructure Adoption, Innovation and Technology, and Regulatory Environment. Hong Kong (SAR China) follows with robust Economic Factors and high Tax-Friendliness, while the USA boasts strong Public Adoption and Innovation and Technology metrics. Switzerland and the UAE round out the Top 5 performers, with the Emirates scoring a perfect 10 for Tax-Friendliness, with zero taxes on crypto trading, staking, and mining.
Malta and the UK also score highly overall, both offering sophisticated regulatory frameworks, while Canada, Thailand, and Australia complete the top tier with balanced strengths across multiple factors.
Luxembourg brings deep financial expertise to digital assets while Portugal rewards patient crypto investors — those holding over one year pay no capital gains tax. Austria applies securities tax frameworks to crypto, while Italy’s flat-tax regime for new residents includes foreign-sourced crypto gains. Monaco draws ultra-wealthy crypto holders with zero personal income tax.
St. Kitts and Nevis accepts cryptocurrency for citizenship applications, as does Antigua and Barbuda. Thailand recently announced a five-year capital gains exemption for crypto trading and Malaysia builds fintech capabilities through Digital Free Trade Zone initiatives. Mauritius, Costa Rica, El Salvador, Greece, Latvia, New Zealand, Panama, Türkiye, and Uruguay also have strategies to attract mobile digital asset investors.
Read the Full Press Release
Sarah Nicklin
sarah.nicklin@henleyglobal.com
+27 72 464 8965
SOURCE: HENLEY & PARTNERS GROUP HOLDINGS LTD
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
At the apex of the crypto wealth pyramid, the number of ultra-wealthy individuals is rising sharply: 450 centi-millionaires now control crypto portfolios worth USD 100 million or more, up 38% since last year, while the number of crypto billionaires has climbed to 36, an increase of 29%. This significant growth coincides with a watershed year for institutional adoption, highlighted by the first-ever cryptocurrencies launched by a sitting US President and First Lady.
Dominic Volek, Head of Private Clients at Henley & Partners, says the surge of crypto-wealth is forcing governments and wealth managers to confront a new reality. “Traditional finance assumes money has a home address — but cryptocurrency doesn’t. Geography is now optional. With just 12 memorized words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike.”
Wealth Without Borders
The shift towards Bitcoin as collateral rather than a speculative asset marks a critical evolution as Philipp A. Baumann, Founder of Z22 Technologies, points out in the report. “Bitcoin is becoming the foundation of a parallel financial system, where [it] is not merely an investment for speculation on fiat price appreciation, but the base currency for accumulating wealth.”
The philosophical implications of this shift are profound, according to Samson Mow, CEO of JAN3, illustrating the tension between traditional and digital money systems: “Over any long-time horizon, fiat currency has one destiny: infinity. Bitcoin, on the contrary, has the opposite: 21 million.” This fixed supply versus infinite expansion represents what Mow calls “the defining paradox of our age”, as governments grapple with a form of wealth that exists outside traditional monetary control.
The convergence of crypto wealth and global mobility is accelerating. Catherine Chen, Head of VIP & Institutional at Binance, observes that “this new, mobility-driven class of investors is increasingly turning to citizenship by investment programs as a strategic route to geographic and financial flexibility.”
Townsend Lansing, Head of Product at CoinShares, confirms the broader momentum: “Driven by favorable regulatory winds, institutional adoption has not only arrived — it is surging.” Dr. Guneet Kaur, senior editor at CCN.com agrees, adding that “CBDCs, digital forms of a nation’s legal tender, are being explored by over 100 economies, with 49 countries in the pilot stage as of July 2025. They promise cheaper and faster state-backed payments.”
Crypto-Friendly Jurisdictions
The Henley Crypto Adoption Index, a proprietary tool updated annually, benchmarks the world’s most crypto-friendly countries with investment migration programs. Drawing on more than 750 data points, it offers digital asset investors a clear overview of how these different jurisdictions with residence and citizenship by investment pathways are regulating and adopting cryptocurrency and blockchain.
The index evaluates 29 investment migration programs across six key parameters — Public Adoption, Infrastructure Adoption, Innovation and Technology, Regulatory Environment, Economic Factors, and Tax-Friendliness — enabling investors to identify jurisdictions that best match their priorities.
Singapore leads with exceptional scores across Infrastructure Adoption, Innovation and Technology, and Regulatory Environment. Hong Kong (SAR China) follows with robust Economic Factors and high Tax-Friendliness, while the USA boasts strong Public Adoption and Innovation and Technology metrics. Switzerland and the UAE round out the Top 5 performers, with the Emirates scoring a perfect 10 for Tax-Friendliness, with zero taxes on crypto trading, staking, and mining.
Malta and the UK also score highly overall, both offering sophisticated regulatory frameworks, while Canada, Thailand, and Australia complete the top tier with balanced strengths across multiple factors.
Luxembourg brings deep financial expertise to digital assets while Portugal rewards patient crypto investors — those holding over one year pay no capital gains tax. Austria applies securities tax frameworks to crypto, while Italy’s flat-tax regime for new residents includes foreign-sourced crypto gains. Monaco draws ultra-wealthy crypto holders with zero personal income tax.
St. Kitts and Nevis accepts cryptocurrency for citizenship applications, as does Antigua and Barbuda. Thailand recently announced a five-year capital gains exemption for crypto trading and Malaysia builds fintech capabilities through Digital Free Trade Zone initiatives. Mauritius, Costa Rica, El Salvador, Greece, Latvia, New Zealand, Panama, Türkiye, and Uruguay also have strategies to attract mobile digital asset investors.
Read the Full Press Release
Sarah Nicklin
sarah.nicklin@henleyglobal.com
+27 72 464 8965
SOURCE: HENLEY & PARTNERS GROUP HOLDINGS LTD
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
CLOUDFLARE COMMITS TO HIRING 1,111 INTERNS, OFFERS FREE TOOLS TO US STUDENTS
KUALA LUMPUR, Sept 23 (Bernama) -- In a bold push to support the next generation of tech talent, Cloudflare Inc announced its plan to hire 1,111 interns in 2026 and offer one year of free developer tools to students across United States (US) universities—a move designed to counter a shrinking job market for young professionals in the age of artificial intelligence (AI).
“We founded Cloudflare during a financial crisis and doubled our intern numbers during the pandemic. Now, when getting a job out of school has never been harder, we are leaning in and offering a training ground for the next generation.
“While many companies see AI as a way to replace jobs, we see this next generation as key to unlocking AI’s full potential. There is a lot we can learn from interns who grew up building with AI as a first-class tool,” said its chief executive officer, Matthew Prince in a statement.
As AI continues to automate entry-level roles, the job outlook for new graduates is tightening. A Stanford study reports up to a 13 per cent decline in employment for 22- to 25-year-olds in roles most exposed to AI, such as software engineering. Meanwhile, tech internships have dropped 30 per cent since 2023, according to Handshake.
Cloudflare’s “Intern-et” initiative aims to reverse that trend. The company will place interns across global hubs—including Austin, San Francisco, New York, Bengaluru, Lisbon, and London—providing mentorship, leadership access, and real-world impact on products used by millions.
In addition, all US students with a .edu email can now get one year of free access to Cloudflare Workers, its serverless development platform, allowing them to deploy and experiment without upfront costs.
Cloudflare is also expanding support for startups. Beginning in 2026, early-stage builders will be able to co-work in Cloudflare offices on select days. The company has already provided US$370 million in credits to over 4,000 startups, helping them scale while saving on infrastructure. (US$1=RM4.18)
These initiatives mark Cloudflare’s most ambitious investment yet in early-career talent—building a future of the Internet that is more open, more diverse, and more hands-on.
-- BERNAMA
“We founded Cloudflare during a financial crisis and doubled our intern numbers during the pandemic. Now, when getting a job out of school has never been harder, we are leaning in and offering a training ground for the next generation.
“While many companies see AI as a way to replace jobs, we see this next generation as key to unlocking AI’s full potential. There is a lot we can learn from interns who grew up building with AI as a first-class tool,” said its chief executive officer, Matthew Prince in a statement.
As AI continues to automate entry-level roles, the job outlook for new graduates is tightening. A Stanford study reports up to a 13 per cent decline in employment for 22- to 25-year-olds in roles most exposed to AI, such as software engineering. Meanwhile, tech internships have dropped 30 per cent since 2023, according to Handshake.
Cloudflare’s “Intern-et” initiative aims to reverse that trend. The company will place interns across global hubs—including Austin, San Francisco, New York, Bengaluru, Lisbon, and London—providing mentorship, leadership access, and real-world impact on products used by millions.
In addition, all US students with a .edu email can now get one year of free access to Cloudflare Workers, its serverless development platform, allowing them to deploy and experiment without upfront costs.
Cloudflare is also expanding support for startups. Beginning in 2026, early-stage builders will be able to co-work in Cloudflare offices on select days. The company has already provided US$370 million in credits to over 4,000 startups, helping them scale while saving on infrastructure. (US$1=RM4.18)
These initiatives mark Cloudflare’s most ambitious investment yet in early-career talent—building a future of the Internet that is more open, more diverse, and more hands-on.
-- BERNAMA
Monday, September 22, 2025
MONEYHERO SWINGS TO PROFIT IN Q2 2025 AS AI, HIGH-MARGIN VERTICALS DRIVE TURNAROUND
KUALA LUMPUR, Sept 22 (Bernama) -- MoneyHero Limited (MoneyHero), a personal finance aggregation and comparison platform, reported a net income of US$0.2 million for the second quarter (Q2) ended June 30, 2025 reversing a net loss of US$12.2 million in the same period last year. (US$1=RM4.20)
MoneyHero Chief Executive Officer, Rohith Murthy said the company had set out to reshape its business for durable, profitable growth, and the Q2 results reflected significant progress.
“Our product engine continues to deliver momentum. Car Insurance is scaling with real-time pricing and end-to-end digital journeys in Hong Kong and Singapore, while Travel Insurance has been streamlined to a three-click purchase flow, significantly lifting completion rates,” he added in a statement.
Murthy also noted that AI integration across MoneyHero’s customer journey, from approvals to yield optimisation, is reducing acquisition costs and improving service efficiency, all while keeping headcount flat.
Revenue for the quarter fell 13 per cent year-over-year (YoY) to US$18.0 million, largely due to a planned reduction in lower-margin credit card volumes. However, the Insurance and Wealth segments rose to 27 per cent of revenue, up from 22 per cent YoY, highlighting the shift toward recurring, high-value offerings.
In addition, its cost of revenue decreased by 34 per cent YoY to US$9.1 million from US$13.8 million, reducing to 51 per cent of total revenue from 67 per cent, while total operating costs and expenses, excluding net foreign exchange differences, dropped by 37 per cent to US$20.6 million from US$32.5 million, driven by multiple factors including optimised reward costs, cost-efficient advertising and marketing campaigns.
The company’s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowed by 79 per cent year-over-year to US$2.0 million in the second quarter of 2025 from US$9.3 million in the prior year period.
MoneyHero expects to achieve adjusted EBITDA profitability in late 2025, supported by AI implementation, an improved revenue mix, and operational efficiency gains.
Meanwhile, operationally, the platform saw 5.3 million monthly Unique Users and group membership grew 33 per cent YoY to 8.6 million. MoneyHero sourced 408,000 applications with 173,000 approvals in Q2.
Looking ahead, the company plans to grow its Insurance and Wealth mix to 30 per cent of revenue by year-end and expand its Credit Hero Club with TransUnion across markets.
-- BERNAMA
MoneyHero Chief Executive Officer, Rohith Murthy said the company had set out to reshape its business for durable, profitable growth, and the Q2 results reflected significant progress.
“Our product engine continues to deliver momentum. Car Insurance is scaling with real-time pricing and end-to-end digital journeys in Hong Kong and Singapore, while Travel Insurance has been streamlined to a three-click purchase flow, significantly lifting completion rates,” he added in a statement.
Murthy also noted that AI integration across MoneyHero’s customer journey, from approvals to yield optimisation, is reducing acquisition costs and improving service efficiency, all while keeping headcount flat.
Revenue for the quarter fell 13 per cent year-over-year (YoY) to US$18.0 million, largely due to a planned reduction in lower-margin credit card volumes. However, the Insurance and Wealth segments rose to 27 per cent of revenue, up from 22 per cent YoY, highlighting the shift toward recurring, high-value offerings.
In addition, its cost of revenue decreased by 34 per cent YoY to US$9.1 million from US$13.8 million, reducing to 51 per cent of total revenue from 67 per cent, while total operating costs and expenses, excluding net foreign exchange differences, dropped by 37 per cent to US$20.6 million from US$32.5 million, driven by multiple factors including optimised reward costs, cost-efficient advertising and marketing campaigns.
The company’s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowed by 79 per cent year-over-year to US$2.0 million in the second quarter of 2025 from US$9.3 million in the prior year period.
MoneyHero expects to achieve adjusted EBITDA profitability in late 2025, supported by AI implementation, an improved revenue mix, and operational efficiency gains.
Meanwhile, operationally, the platform saw 5.3 million monthly Unique Users and group membership grew 33 per cent YoY to 8.6 million. MoneyHero sourced 408,000 applications with 173,000 approvals in Q2.
Looking ahead, the company plans to grow its Insurance and Wealth mix to 30 per cent of revenue by year-end and expand its Credit Hero Club with TransUnion across markets.
-- BERNAMA
Axi Announces Retirement of Chief Commercial Officer Louis Cooper
SYDNEY, Sept 22 (Bernama-GLOBE NEWSWIRE) -- Axi, a leading global online trading and fintech company, today announces the retirement of Louis Cooper, Chief Commercial Officer. Louis will formally step down from his executive responsibilities at the end of September 2025 but will remain a shareholder and a valued part of the Axi family.
Since joining Axi in 2016, Louis has been instrumental in the company’s transformation from a regional trading firm to a globally recognised broker serving clients in more than 100 countries. As CCO, Louis led with a clear vision for commercial growth, operational excellence, and customer value — helping to position Axi as one of the most trusted and innovative brokers in the industry.
CEO Rajesh Yohannan praised Louis’ impact on the business, saying: “Louis has played an integral role in building Axi into the global brand it is today. While we will miss him, we are immensely grateful for his contributions and pleased that he will remain connected to Axi as a shareholder and ongoing supporter of our mission.”
Louis Cooper reflected on his time with Axi, saying: “It has been a privilege to be part of Axi’s remarkable journey. I am incredibly proud of what we have accomplished together. I leave knowing that Axi is in strong, capable hands, and I have absolute confidence in the Executive and Senior Management Team to take the company forward to even greater heights.”
Details of his successor and further leadership updates will be announced in due course.
About Axi
Axi is a global online trading company, trusted by tens of thousands of traders in over 100 countries. We offer award-winning customer support, market-leading technology, and a wide range of trading instruments including FX, CFDs, crypto-currencies, indices, and commodities.
Our purpose is to give our clients and partners an edge — through better technology, transparent pricing, powerful tools, and trusted service. As a partner to traders of all levels, we are committed to delivering transparency, integrity, and value in everything we do.
For more information about Axi visit : www.axi.com
Media Contact: media@axi.com
Promoted by AxiTrader Ltd. OTC Derivatives carry a high risk of investment loss. This content may not be available in your region. T&Cs apply.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afbd257e-f16d-40cb-8d4e-32167789ec3c
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Since joining Axi in 2016, Louis has been instrumental in the company’s transformation from a regional trading firm to a globally recognised broker serving clients in more than 100 countries. As CCO, Louis led with a clear vision for commercial growth, operational excellence, and customer value — helping to position Axi as one of the most trusted and innovative brokers in the industry.
CEO Rajesh Yohannan praised Louis’ impact on the business, saying: “Louis has played an integral role in building Axi into the global brand it is today. While we will miss him, we are immensely grateful for his contributions and pleased that he will remain connected to Axi as a shareholder and ongoing supporter of our mission.”
Louis Cooper reflected on his time with Axi, saying: “It has been a privilege to be part of Axi’s remarkable journey. I am incredibly proud of what we have accomplished together. I leave knowing that Axi is in strong, capable hands, and I have absolute confidence in the Executive and Senior Management Team to take the company forward to even greater heights.”
Details of his successor and further leadership updates will be announced in due course.
About Axi
Axi is a global online trading company, trusted by tens of thousands of traders in over 100 countries. We offer award-winning customer support, market-leading technology, and a wide range of trading instruments including FX, CFDs, crypto-currencies, indices, and commodities.
Our purpose is to give our clients and partners an edge — through better technology, transparent pricing, powerful tools, and trusted service. As a partner to traders of all levels, we are committed to delivering transparency, integrity, and value in everything we do.
For more information about Axi visit : www.axi.com
Media Contact: media@axi.com
Promoted by AxiTrader Ltd. OTC Derivatives carry a high risk of investment loss. This content may not be available in your region. T&Cs apply.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afbd257e-f16d-40cb-8d4e-32167789ec3c
SOURCE: AxiTrader Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
AI Uncovers Trillion-Barrel Potential In Existing Oil Fields, Says Wood Mackenzie
KUALA LUMPUR, Sept 19 (Bernama) -- Existing oilfields could supply up to one trillion barrels of crude through 2050 without major new discoveries, according to analysis by energy consultancy Wood Mackenzie.
Wood Mackenzie Senior Vice President of Energy Research, Andrew Latham said global liquids demand under the firm’s base-case Energy Transition Outlook scenario is estimated at just under one trillion barrels.
“Without upgrades to current development plans, today’s producing fields are set to fall short by almost 300 billion barrels. This deficit would rise by another 50 billion barrels under our delayed transition scenario,” he said in a statement.
The firm’s new Synoptic artificial intelligence (AI)-powered Analogues feature, which assesses oilfield performance using machine learning, shows existing fields have significant recovery potential. Early analysis suggests that applying established best practices could yield an additional 470 billion to over one trillion barrels.
National oil companies (NOCs) control nearly 70 per cent of the upside, operating fields with more than 320 billion barrels of potential under top-quartile recovery and 700 billion barrels on a best-in-class basis. Countries with the largest recovery potential include Iran, Venezuela, Iraq and Russia.
By comparison, major international oil companies hold just six per cent of global upside potential, reflecting already strong recovery performance in their fields.
“The future of oil supply will be increasingly onshore and NOC-operated,” Latham noted.
The analysis also highlights a mismatch between resources and expertise, with NOCs achieving recovery factors slightly below the industry average of 29 per cent, despite operating fields with potential for 39 per cent. This gap presents opportunities for partnerships with international oil companies and service providers.
Upside potential is concentrated in onshore and shallow offshore fields, which account for 94 per cent of best-in-class opportunities. Deepwater fields, generally operated by financially strong firms, offer less than six per cent of remaining upside.
Wood Mackenzie stressed that exploration will remain important but cannot close the supply gap. Since the 1980s, most new reserves have come from revisions to existing fields rather than fresh discoveries.
The consultancy also noted that nearly two trillion barrels remain in undeveloped greenfield resources, though only 10 per cent are considered commercially viable. Most are likely to remain stranded due to economic and technical challenges.
“Improved recovery factors will be essential to meeting future demand, as new discoveries alone will not offset the natural decline of supply,” said Latham, concluding that AI-driven analysis marks a significant step forward in understanding oilfield potential compared with traditional analogue methods.
-- BERNAMA
MAVENIR BAGS FUTURENET ASIA AWARD WITH AI-POWERED FRAUD DEFENCE SOLUTIONS
KUALA LUMPUR, Sept 22 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has garnered a major industry accolade for its customer-centric artificial intelligence (AI) innovation in voice and messaging security at the FutureNet Asia Awards 2025.
Winning the coveted ‘Customer Experience’ award, which honours the most innovative AI application to enhance mobile users’ experience, Mavenir was recognised for its AI-powered Fraud and Security Suite that incorporates the company’s globally deployed SpamShield and CallShield technology.
Mavenir Regional Vice President for Asia Pacific, Jan Schaar in a statement said the company’s AI-driven security solutions offer seamless protection, ensuring that every call and message strengthens trust between operator and customer.
“Leveraging the latest AI technologies, Mavenir is providing a scalable, cloud-native security suite to protect network integrity, subscriber peace of mind and revenue across SMS and voice services, delivering the robust and effective real-time capabilities operators need as fraudsters themselves evolve their tactics using AI,” he said.
Mavenir’s highly integrated Fraud and Security Suite empowers communication service providers (CSPs) with proactive, AI-driven security to help defend against messaging and voice fraud in real time.
According to Mavenir, in a standout implementation for Australia’s TPG Telecom, CallShield paired with SpamShield succeeded in blocking almost 19 million fraudulent voice calls in the first half of 2024 and preventing delivery of over 59.6 million scam SMS.
With fraud and nuisance calls continuing to undermine trust in mobile communications, Mavenir’s Fraud and Security Suite is redefining customer experience, safety and reliability for mobile users.
Mavenir’s SpamShield message fraud defence solution proactively blocks up to 90 per cent of spam and fraudulent messages, while its CallShield solution offers operators new abilities to neutralise voice-based threats before they reach the customer.
The FutureNet Asia awards celebrate outstanding automation and AI innovation across the Asia-Pacific telecom sector, celebrating exceptional achievements in solution areas including AI for IT Operations (AIOps), orchestration and customer experience.
-- BERNAMA
Winning the coveted ‘Customer Experience’ award, which honours the most innovative AI application to enhance mobile users’ experience, Mavenir was recognised for its AI-powered Fraud and Security Suite that incorporates the company’s globally deployed SpamShield and CallShield technology.
Mavenir Regional Vice President for Asia Pacific, Jan Schaar in a statement said the company’s AI-driven security solutions offer seamless protection, ensuring that every call and message strengthens trust between operator and customer.
“Leveraging the latest AI technologies, Mavenir is providing a scalable, cloud-native security suite to protect network integrity, subscriber peace of mind and revenue across SMS and voice services, delivering the robust and effective real-time capabilities operators need as fraudsters themselves evolve their tactics using AI,” he said.
Mavenir’s highly integrated Fraud and Security Suite empowers communication service providers (CSPs) with proactive, AI-driven security to help defend against messaging and voice fraud in real time.
According to Mavenir, in a standout implementation for Australia’s TPG Telecom, CallShield paired with SpamShield succeeded in blocking almost 19 million fraudulent voice calls in the first half of 2024 and preventing delivery of over 59.6 million scam SMS.
With fraud and nuisance calls continuing to undermine trust in mobile communications, Mavenir’s Fraud and Security Suite is redefining customer experience, safety and reliability for mobile users.
Mavenir’s SpamShield message fraud defence solution proactively blocks up to 90 per cent of spam and fraudulent messages, while its CallShield solution offers operators new abilities to neutralise voice-based threats before they reach the customer.
The FutureNet Asia awards celebrate outstanding automation and AI innovation across the Asia-Pacific telecom sector, celebrating exceptional achievements in solution areas including AI for IT Operations (AIOps), orchestration and customer experience.
-- BERNAMA
Saturday, September 20, 2025
Liquid AI, Brilliant Labs Team Up On Privacy-First Smart AI Glasses
KUALA LUMPUR, Sept 17 (Bernama) -- Liquid AI, a Massachusetts Institute of Technology (MIT)-born foundation model developer, has entered into an agreement with Brilliant Labs to integrate its vision-language models into the latter’s artificial intelligence (AI) glasses.
Under the agreement, Brilliant will license Liquid’s current and upcoming multimodal foundation models (LFMs) to strengthen the scene-understanding capabilities of its smart wearable products.
Liquid AI co-founder and chief executive officer (CEO), Ramin Hasani said the company builds efficient generative AI models that match the quality of much larger systems while maintaining a lower energy footprint.
“I strongly believe in glasses as a viable form factor for the future of hyper-personalised human-AI interaction. We are excited to bring our private and efficient on-device LFMs to Brilliant Labs’ customers,” he said in a statement.
Meanwhile, Brilliant Labs CEO, Bobak Tavangar said the collaboration aligns with the company’s values of openness, privacy and personalisation in computing.
“The speed and efficiency of LFM2-VL-450M enables us to build a new class of AI features atop our glasses hardware platform, and we are just getting started,” he said.
Brilliant Labs will incorporate the models into its flagship product, the Halo AI glasses, which offer features such as AI memory, real-time conversational AI and Vibe Mode on an open-source platform.
Liquid AI’s LFM2-VL models support both text and image inputs, powered by a compact vision encoder with 86 million parameters on a 350 million base model.
The models are capable of delivering detailed scene descriptions with millisecond latency on central processing units (CPUs) and graphics processing units (GPUs), enabling real-time intelligence for end devices.
Halo will be powered by LFM2-VL-450M and is currently available for pre-order, with the first units expected to ship in the fourth quarter of this year.
-- BERNAMA
Wednesday, September 17, 2025
HERE TECHNOLOGIES, RADARO TO BOOST LAST-MILE DELIVERY INTELLIGENCE
KUALA LUMPUR, Sept 17 (Bernama) -- HERE Technologies, a location data and technology platform, has partnered with Radaro to extend Radaro’s enterprise-grade routing, planning, and fleet optimisation capabilities.
Trusted by global leaders such as Electrolux, Miele, Knauf, PPG and Air Liquide, Radaro has built a reputation for delivering customer-centric logistics through real-time tracking, deep workflows, mobile driver experience, and configurable business rules.
“This partnership showcases how the HERE Tour Planning and full-stack location services can drive real-world efficiency, reduce planning complexity, and improve the delivery experience for businesses, drivers and customers,” said HERE Technologies Senior Director and Head of Business, Oceania, Daniel Antonello in a statement.
Meanwhile, Radaro Chief Technology Officer, Arie Spivak said: “Radaro is trusted globally to orchestrate the full logistics lifecycle, from planning and compliance to execution, driver experience, and customer engagement.
“By adopting HERE’s location services into our platform, we have further extended those capabilities. Together with HERE, we are delivering better customer outcomes and operational excellence.”
Radaro has strengthened its platform by adopting HERE Tour Planning, with truck-ready intelligence for smarter routing and deeper operational insights, optimised for mixed fleets, including light commercial vehicles, heavy vehicles and electric vehicles to ensure consistent, on-time deliveries.
The combination of Radaro’s platform with HERE Tour Planning and location services allows organisations to evolve from static route planning to dynamic, intelligent logistics execution for complex delivery schedules.
From pre-trip optimisation to post-trip analysis, the combined solution provides traditional fleet routing tools while also accounting for real-world delivery constraints such as vehicle load capacity, driver availability, road closures, truck-specific restrictions and skill-based job requirements.
-- BERNAMA
Trusted by global leaders such as Electrolux, Miele, Knauf, PPG and Air Liquide, Radaro has built a reputation for delivering customer-centric logistics through real-time tracking, deep workflows, mobile driver experience, and configurable business rules.
“This partnership showcases how the HERE Tour Planning and full-stack location services can drive real-world efficiency, reduce planning complexity, and improve the delivery experience for businesses, drivers and customers,” said HERE Technologies Senior Director and Head of Business, Oceania, Daniel Antonello in a statement.
Meanwhile, Radaro Chief Technology Officer, Arie Spivak said: “Radaro is trusted globally to orchestrate the full logistics lifecycle, from planning and compliance to execution, driver experience, and customer engagement.
“By adopting HERE’s location services into our platform, we have further extended those capabilities. Together with HERE, we are delivering better customer outcomes and operational excellence.”
Radaro has strengthened its platform by adopting HERE Tour Planning, with truck-ready intelligence for smarter routing and deeper operational insights, optimised for mixed fleets, including light commercial vehicles, heavy vehicles and electric vehicles to ensure consistent, on-time deliveries.
The combination of Radaro’s platform with HERE Tour Planning and location services allows organisations to evolve from static route planning to dynamic, intelligent logistics execution for complex delivery schedules.
From pre-trip optimisation to post-trip analysis, the combined solution provides traditional fleet routing tools while also accounting for real-world delivery constraints such as vehicle load capacity, driver availability, road closures, truck-specific restrictions and skill-based job requirements.
-- BERNAMA
Bitget Opens 2026 Graduate Program to Build the Next Billion Minds
VICTORIA, Seychelles, Sept 17 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s leading cryptocurrency exchange and Web3 company, is opening applications for its 2026 Graduate Program, a global track under Bitget’s Blockchain4Youth initiative, recruiting next-generation talent from top universities and placing them directly into real Web3 workstreams.
The timeline is quick: applications open today, interviews begin in October, offers are delivered in December, and onboarding starts in 2026. Graduates will rotate across high-impact teams with senior mentorship and hands-on ownership, with over 50 roles available in engineering, product management, business development, growth, branding, operations, data analytics, algorithm, and risk control. The goal is simple: make high-impact roles accessible to the next generation and give them room to build.
“We believe in the future and that’s exactly why we are hiring for it,” said Vugar Usi Zade, Chief Operating Officer at Bitget. “This program is not just about building blockchain; it is about building thinkers who can question, design, and deliver. Together, Bitget is looking to build the next billion minds.”
To kick off the season, Blockchain4Youth and Blockchain4Her, two CSR initiatives launched by Bitget, will co-host a Web3 diversity career session at Hong Kong University of Science and Technology (HKUST) on 20 September together with the 0xU student community. Bitget employees will share their professional experiences, discuss case studies, and connect one-on-one with candidates who want to build at the intersection of finance, technology, and culture.
Bitget is looking for proactive self-starters who are curious, inventive, and comfortable working across cultures. A genuine interest in AI and Web3 is essential. In return, graduates join one of the world’s fastest-growing exchanges, collaborate with colleagues from more than 50 countries, and advance through a clear development path that combines rotations, mentorship, competitive compensation, and the chance to ship on the frontier.
Anchored in Bitget’s Blockchain4Youth initiative, the Graduate Program is more than a hiring track; it’s a runway into Web3 built around workshops, campus salons, and hands-on mentorship that help graduates ship real products and grow inside a global community. The program sits within B4Y’s broader education roadmap, which pairs early-career opportunities with practical learning to turn literacy into independence and innovation.
Applications are open now. Submit your resume/portfolio here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/53dafef6-6326-4aa1-a8e5-94279a52495c
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The timeline is quick: applications open today, interviews begin in October, offers are delivered in December, and onboarding starts in 2026. Graduates will rotate across high-impact teams with senior mentorship and hands-on ownership, with over 50 roles available in engineering, product management, business development, growth, branding, operations, data analytics, algorithm, and risk control. The goal is simple: make high-impact roles accessible to the next generation and give them room to build.
“We believe in the future and that’s exactly why we are hiring for it,” said Vugar Usi Zade, Chief Operating Officer at Bitget. “This program is not just about building blockchain; it is about building thinkers who can question, design, and deliver. Together, Bitget is looking to build the next billion minds.”
To kick off the season, Blockchain4Youth and Blockchain4Her, two CSR initiatives launched by Bitget, will co-host a Web3 diversity career session at Hong Kong University of Science and Technology (HKUST) on 20 September together with the 0xU student community. Bitget employees will share their professional experiences, discuss case studies, and connect one-on-one with candidates who want to build at the intersection of finance, technology, and culture.
Bitget is looking for proactive self-starters who are curious, inventive, and comfortable working across cultures. A genuine interest in AI and Web3 is essential. In return, graduates join one of the world’s fastest-growing exchanges, collaborate with colleagues from more than 50 countries, and advance through a clear development path that combines rotations, mentorship, competitive compensation, and the chance to ship on the frontier.
Anchored in Bitget’s Blockchain4Youth initiative, the Graduate Program is more than a hiring track; it’s a runway into Web3 built around workshops, campus salons, and hands-on mentorship that help graduates ship real products and grow inside a global community. The program sits within B4Y’s broader education roadmap, which pairs early-career opportunities with practical learning to turn literacy into independence and innovation.
Applications are open now. Submit your resume/portfolio here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/53dafef6-6326-4aa1-a8e5-94279a52495c
SOURCE: Bitget Limited
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