July 10, 2023

Ambiq Propels Remote Healthcare Monitoring Sector Growth with New Ultra-Low Power Processors

The Apollo4 Lite and Apollo4 Blue Lite System-on-Chips (SoCs) Help Enhance Devices’ Functionalities and Battery Life to Accelerate the Adoption of Remote Monitoring

Apollo4 Lite and Apollo4 Blue Lite: Anyone, Anytime, Anywhere

Ambiq introduces Apollo4 Lite and Apollo4 Blue Lite

News Highlights:

The new Apollo4 Lite and Blue Lite SoCs offer feature-rich capability, optimized memory, powerful graphics performance, and secureSPOT^® for robust security in a lightweight solution
Ideal for digital health applications, such as digital stethoscopes, patient monitoring, and continuous glucose and blood pressure monitoring
The Apollo4 Blue Lite offers secure Bluetooth^® Low Energy connectivity for communication to handheld devices, host equipment, and the Cloud

AUSTIN, Texas, July 10, 2023 (GLOBE NEWSWIRE) — Ambiq^®, a technology leader in ultra-low power semiconductor products and solutions, introduces the Apollo4 Lite and Apollo4 Blue Lite SoC to its expanding portfolio of SoCs for IoT endpoint devices, especially the remote monitoring products of the healthcare sector. This announcement follows Ambiq’s release of its Heart Kit, an optimized open-source AI model utilizing multi-head neural networks (MH-NNs) to enable a variety of real-time heart-monitoring applications.

The Apollo4 Lite and Blue Lite product line is the latest generation system processor solutions built upon Ambiq’s proprietary Subthreshold Power-Optimized Technology (SPOT^®) platform, enabling new features while reducing devices’ overall system power consumption to extend their battery life. Both SoCs are embedded with an ultra-low power Cortex-M4 core that can operate at up to 192 MHz with turboSPOT, an audio subsystem, GPU, and ample MRAM and SRAM. They are also conveniently pin-compatible with Ambiq’s Apollo4 Plus and Blue Plus¹, providing developers with optimum flexibility for innovation.

“Today’s patients are more empowered to monitor and advocate for their own health, and healthcare providers require more data analytics to prescribe holistic treatment,” said David Priscak, VP of Technical Solutions at Ambiq. “With bold graphics and long battery life, state-of-the-art health tracking is now more affordable and accessible thanks to these new additions to our Apollo4 SoC family.”

Apollo4 Lite / Blue Lite Chart

“The global remote patient market in terms of revenue was estimated to be worth $53.6 billion in 2022 and is poised to reach $175.2 billion by 2027, growing at a CAGR of 26.7% from 2022 to 2027,” said Ms. Anu Dhiman – Lead Healthcare Analyst – MarketsandMarkets Research Pvt. Ltd. “The predominant factors influencing the growth of the market include the benefits of remote patient monitoring to reduce the burden on medical resources, the monitoring benefits of telehealth and remote patient monitoring services, advancements in telecommunications, as increasing geriatric population, and the growing need to expand healthcare access.”

The Apollo4 Lite and the Apollo4 Blue Lite are designed for extended battery life, advanced security, and powerful graphics in small form factors, which are critical for the continued adoption of these devices. Both are now in mass production, targeting digital health products, smartwatches, fitness bands, animal trackers, voice-activated remotes, industrial maintenance, and smart home IoT devices. For more product information, visit www.ambiq.com/apollo4-lite and www.ambiq.com/apollo4-blue-lite.

¹ – Apollo4 Lite is pin-compatible with Apollo4 Plus (AMAP42KP-KBR); Apollo4 Blue Lite is pin-compatible with Apollo4 Blue Plus (AMA4B2KP-KXR.)

About Ambiq

Ambiq’s mission is to develop the lowest-power semiconductor solutions to enable intelligent devices everywhere by developing the lowest-power semiconductor solutions to drive a more energy-efficient, sustainable, and data-driven world. Ambiq has helped leading manufacturers worldwide develop products that last weeks on a single charge (rather than days) while delivering a maximum feature set in compact industrial designs. Ambiq’s goal is to take Artificial Intelligence (AI) where it has never gone before in mobile and portable devices, using Ambiq’s advanced ultra-low power system on chip (SoC) solutions. Ambiq has shipped more than 200 million units as of March 2023. For more information, visit www.ambiq.com.

Contact

Charlene Wan
VP of Branding, Marketing, and Investor Relations
cwan@ambiq.com
+1.512.879.2850

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/620a2f10-acfe-4d54-b9c3-0983c58c06f6

https://www.globenewswire.com/NewsRoom/AttachmentNg/fd179ebf-2f60-4195-8fca-b88c7b7a852c

GlobeNewswire Distribution ID 8870834

July 10, 2023July 10, 2023

British AI Firm, Quantexa, Commits to Over £200M in AI Research and Development Investment by 2027

AI in Context

How Quantexa Augments and Automates Decision Intelligence with AI

Quantexa CEO outlines vision for investment in support of UK Government’s plan to make UK an AI Hub, which includes:

£125M in new global investments aimed at accelerating enterprise and government agency’s ability to use trusted AI-enabled Decision Intelligence solutions
£85M in dedicated UK investment will create over 170 new jobs in London AI Innovation Centre team
Preview of Generative AI assistant shows how world-leading institutions will unlock the full potential of data to investigate risk and identify opportunity

LONDON and NEW YORK, July 09, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it will invest an additional £125M in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations. By 2027, Quantexa’s total global investment in AI will reach more than £200M.

The investment marks Quantexa’s continued advancements in AI with the preview of its Generative AI technology, Q Assist. Quantexa also furthered its commitment to advancing the company’s existing AI Stack to enable its growing global ecosystem of clients and partners to unlock new industry-specific use cases for financial services, insurance, telecommunications, healthcare, and in the public sector. Quantexa’s Decision Intelligence platform and suite of solutions for data management, customer intelligence, KYC, risk, fraud, and financial crime have been deployed in over 70 countries.

Analysis from University of Washington suggests this investment will boost the global AI industry by £600M as the multiplier effect is realised.

AI in Context: How Quantexa Augments and Automates Decision Intelligence with AI

Preview of Generative AI Assistant Breaks New Ground
Built on Quantexa’s Decision Intelligence Platform, the technology preview of Q Assist, a generative AI assistant, demonstrates the potential of using LLM’s to create an intuitive and conversational interface bringing new efficiencies for analysts working with data to identify risks as part of investigations. For organisations, the potential benefit is significant – as the AI assistant allows all analyst staff to become as effective as the most experienced investigators.

Q Assist is LLM agnostic and will allow clients to use their own proprietary, open source, or commercially available models including ChatGPT^TM, a leading LLM from OpenAI. Quantexa’s market-leading entity resolution, graph analytics, and scoring capabilities become turbo-charged when they can be queried with natural language questions and prompts in Quantexa’s Decision Intelligence Platform.

Today, in a video showcase, Quantexa demonstrated one of what could become many potential use cases for Q Assist. The financial crime investigation scenario was chosen to show the potential in using natural language to query vast amounts of structured and unstructured data at scale, allowing even junior analysts to understand the complex data behind graph analytics and alerts. The preview also showed the ability to automate the generation of Suspicious Activity Reports (SARs) and investigative summaries – possible in close to 100 languages – driving further efficiency in what is typically a manually intensive process and allowing more time to be redirected to strategic activities.

AI Throughout Quantexa’s Decision Intelligence Platform Delivers Business Value
Enterprises and government agencies are using Quantexa’s Decision Intelligence to become more effective and efficient at organising siloed, messy data to obtain 360-degree views of customers and suppliers to identify fraud, qualify eligibility for services, stop dangerous goods at borders, or optimise supply chains.

Quantexa is using three core principles to responsibly build out its AI Stack:

Context-Based Learning: Just as humans require full context to make informed decisions, so does AI. Without context, even the smartest machine learning or deep learning algorithms lack accuracy to be deployed reliably. For example, it’s impossible for a person or AI model to know if a single bank transaction in isolation is money laundering. Quantexa builds true context by using data to create single views of people, organisations, places, and other entities and assembles them visually to show complex interactions between entities. This context is what enables a person or AI to make an accurate decision.
Composite AI: Quantexa’s Composite AI Stack aggregates the outputs of many different techniques, including machine learning, natural language processing and deep learning. Combining these with input from subject matter experts, organisations can continually use analytics to improve decisioning to protect, optimise, and grow. Quantexa uses exclusive access to huge volumes of structured and unstructured industry data to train its AI and provides out-of-the-box open models, giving clients the ability to modify or create their own.
Explainability and Trust: In the highly regulated environments that organisations work in, it is crucial that decisions are transparent and explainable with no suggestion of bias. Quantexa’s technology and governance uses context-based techniques and composite AI to drive adoption of explainable outcomes without privacy concerns. Quantexa publicly maintains its AI ethics and safety guidelines here.

Rishi Sunak, Prime Minister of the United Kingdom, said:
“We want to ensure the UK remains the best place in the world to build, test, and use safe AI technology. Quantexa’s new £85M London AI Innovation Centre will help cement this reality. It will create over 170 jobs, harness the extraordinary potential of AI as we grow our economy, and lead the way on responsible AI development around the world.”

Chloe Smith, Technology Secretary, said:
“The Government is serious about AI, which is why we’ve invested £2.5B in AI infrastructure and skills since 2014 and this year set out our plan for AI regulation to drive innovation and build trust. Quantexa’s investment is a huge vote of confidence in those plans and will unlock new opportunities for growth and job creation, enabling us to continue to pave the way as a global leader in the development of AI.”

Vishal Marria, CEO and Founder, Quantexa, said:
“While many companies are talking about AI and machine learning, we have been investing in it since our inception. We are investing our time, money, and resources into the biggest technological breakthrough for generations as it will transform how organizations make decisions. We’re proud to invest in London-based innovation but the impact will be felt by the global economy and will start a ripple effect that will unlock decision intelligence capabilities for our clients and their respective industries.”

Dr Oren Etzioni, Professor at the University of Washington’s Computer Science and founding CEO of the Allen Institute for AI, said: “An investment of 100 AI jobs will drive economic growth not just in London but around the world. The places most likely to benefit are AI innovation hubs like New York City, Seattle, and San Francisco. Based on my research into the impact of AI on employment and economic growth, the long-term monetary benefits of this announcement will increase significantly because of the multiplier effect from job creation and innovation. An initial investment of £200M is likely to benefit the wider AI industry by £600M globally within three years.”

To learn more about how your organisation can benefit from Quantexa’s AI investment, innovation, and ethical practices, please visit here.

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organisations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Ireland, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afbbd220-e3ee-4c36-b53e-3f10d3634414

GlobeNewswire Distribution ID 1000829195

July 10, 2023

Industrial sector performs well in Q1 of 2023, contributes to economic growth

The industrial sector has performed well during the first quarter of 2023, driving economic development and accounting for a quarter of Gross Domestic Product (GDP) growth, said chairman of Jordan and Amman Chambers of Industry, Fathi Jaghbir. According to quarterly estimates released by the Department of Statistics, the industrial sector is the largest contributor to GDP with a rate of more than 21.2 percent, achieving a continuation in the growth chain at a rate of 3.3 percent compared to the same period last year, said Jaghbir in a statement on Monday. “The main reason for the remarkable performance achieved by the industrial sector is attributed to the growth of the three main industrial sectors; the manufacturing sector was among the sectors that contributed the highest to the growth of the national economy at a rate of 19.9 percent, with a growth rate of 3.4 percent, followed by the manufacturing sector and the mining and quarrying industries, which grew by 3.5 percent, while the water and electricity sector grew by 2.8 percent,” he added. “This growth resulted from the remarkable results achieved by the industrial sector, which undoubtedly reflect the sector’s strength and durability, ability to advance the national economy, and effective contribution to economic development. Industrial exports increased by more than 9.3 percent in the first quarter of this year compared to the same period last year, to reach more than JD1.9 billion, accounting for more than 97 percent of total national exports, as a result of high regional and global demand for national commodities,” he pointed out. He noted that this growth coincided with the World Bank’s predictions of continued high economic growth rates during the current year and the next two years, especially since there are a number of opportunities that can be exploited within a number of sectors, which will contribute to advancing the national economy in line with national trends to achieve self-sufficiency as part of royal directives and recommendations for supporting promising economic sectors, such as the agricultural and food sectors. In light of the efforts being made to realize the goals of the vision of economic modernization and the royal instructions, he said that these results suggest that the upcoming period will give momentum to the launch of national capabilities at the local and foreign levels. Jaghbir stressed the need to work on implementing all the proposals, programs and priorities presented by the Chamber to mitigate the challenges facing the industrial sector and improve its performance to levels that will be reflected in the competitiveness of national industries in the local and global markets alike.

Source: Jordan News Agency

July 10, 2023

Jordan, Mexico discuss cooperation

The Jordanian-Mexican Parliamentary Friendship Association met with Mexican Ambassador in Amman Roberto Rodriguez Hernandez on Monday for talks on bilateral relations in economic, political, cultural, and tourism fields, as well as regional developments. During the discussion, Head of the Association MP Haitham Ziyadin stressed the importance of the Hashemite Custodianship over the Islamic and Christian holy sites in Jerusalem, and highlighted His Majesty King Abdullah’s support of the Palestinian cause. Ziyadin said Jordan has been impacted by the political conditions in the region, pacing a strain on the country’s resources, infrastructure, and health and education services. He called for increasing the trade volume, promoting investment and leveraging the positive relations between Jordan and Mexico. He pointed to Jordan’s attractive investment environment due to its geographical location and security and stability, that can be capitalized on. Hernandez described Jordan as a gateway to the Middle East, noting the Kingdom’s safety and stability and stressing the need to promote Mexico as a bridge for trade between Jordan and the Americas. On the Palestinian issue, the ambassador stated that Mexico advocates for peaceful coexistence under the two-state solution and commended the Hashemite Custodianship over the holy sites in Jerusalem. He also called for increasing cooperation between the two countries in the fields of tourism and education, and called for introducing Arabic courses in Mexican universities and Spanish courses in Jordan.

Source: Jordan News Agency

July 10, 2023

Jordan, Oman talk parliamentary ties

The Jordanian-Omani Parliamentary Committee met with Chargé d’Affaires of the Omani Embassy in Amman Faisal Alhosni on Monday to discuss boosting parliamentary relations between the two countries. “The relationship between Jordan and Oman has been positively impacted by the efforts of His Majesty King Abdullah II and Sultan Haitham bin Tariq Al Said, and is constantly growing and flourishing, reflecting the aspirations of both nations,” said dead of the Committee MP Ramzi Ajarmeh. He expressed a strong will to enhance parliamentary relations, share knowledge and skills and collaborate for the mutual benefit of the two countries and peoples. Ajarmeh commended Oman’s unwavering support for the Palestinian cause and its commitment to the Hashemite Custodianship over Islamic and Christian holy sites in Jerusalem. Alhosni emphasized the strong relationship between the two countries and a common desire to enhance cooperation in multiple areas, highlighting the importance of forging closer parliamentary ties and the need to boost bilateral trade.

Source: Jordan News Agency

July 10, 2023

Two notaries sworn in before Undersecretary of Abu Dhabi Judicial Department

ABU DHABI, 10th July, 2023 (WAM) — Two new government notaries were sworn in before Yousef Saeed Alabri, Undersecretary of Abu Dhabi Judicial Department (ADJD), prior to assuming their duties as notaries in their respective government agencies, in accordance with the mandate and powers conferred upon them under the laws and legislation in force in the Emirate of Abu Dhabi. Yousef Alabri said that supporting national cadres, qualifying them and providing them with the necessary knowledge to obtain the licences allowing them to practice as notaries public in government agencies, is in line with the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of Abu Dhabi Judicial Department, to develop a pioneering governmental system that offers an attractive business environment, thereby strengthening the Emirate of Abu Dhabi’s competitive position and global leadership. This expansion in the licensing of government and private notaries offers multiple channels for customers to complete their legal transactions easily and conveniently, he added. This expansion is in line with the ADJD’s 2021-2023 Strategic Plan, which focuses on digital transformation and is aimed at providing a distinguished experience in the legal and judicial sector that is in line with the developments and high growth rates in the various sectors. Alabri also emphasised the interest that the Judicial Department takes in preparing specialised training programmes to qualify candidates for the practice of the profession of a notary with the aim of providing them with the necessary knowledge, skills, attitudes, and abilities, and ensuring that they are ready to practise the profession of notary in general, whether within the Judicial Department or in other government bodies in accordance with the licences granted to a certain number of their employees or through the law firms authorised to practise as notaries, so as to empower them to safeguard rights and apply the law when notarising documents. The Abu Dhabi Judicial Department, he said, continues to provide professional guidance and counselling schemes, direct technical support, and ongoing training and development programmes, to ensure the effectiveness of service providers, after successfully completing the training programmes delivered by the Abu Dhabi Judicial Academy (ADJA), and testing their knowledge of all legal aspects related to notarial duties.

Source: Emirates News Agency (WAM)