CBASOX Exchange Boosts User Trust with Over 15% Excess Reserve Ratio

CBASOX Exchange, a globally renowned cryptocurrency trading platform, has recently announced a significant milestone in its commitment to user asset security. The security reserve fund  the platform now maintains an excess reserve ratio exceeding 15%, a development that not only underscores the dedication of CBASOX to safeguarding user assets but also substantially enhances global user trust in the CBASOX trading platform.

As a leader in advanced security technologies and innovative financial products, CBASOX has always prioritized the security of user assets as a cornerstone of its development. By establishing an excess security reserve fund, CBASOX ensures that user assets are fully protected under any circumstances.

Excess reserves mean that in addition to holding 100% of the digital assets stored by users, CBASOX maintains an additional 15% of funds or equivalent value in cryptocurrency. This reserve is designed to mitigate potential financial risks and unforeseen emergencies, thereby enhancing the stability and security of the entire trading platform. This strategy places CBASOX at the forefront of the industry, offering users a more secure and reliable trading environment.

Hart Montgomery, a member of the CBASOX team, stated, “We understand that in the realm of cryptocurrency, user trust in exchanges is invaluable. By establishing an excess security reserve fund, CBASOX aims to demonstrate the steadfast commitment of the platform to security and transparency to users worldwide. It also reflects our deep care for users and our dedication to setting higher safety standards within the industry.”

To further enhance transparency, CBASOX plans to utilize Merkle tree technology and conduct regular external audits to verify the authenticity and sufficiency of its excess reserves. This initiative sets a new benchmark for security and trust within the cryptocurrency exchange industry.

Hart also mentioned that CBASOX will continue to invest in the development and application of security technologies while exploring more innovative financial products and services. The goal is to provide global users with a richer and more secure trading experience. CBASOX believes that through continuous effort and innovation, it can significantly contribute to the healthy development of the cryptocurrency market and the security of user assets.

About CBASOX Exchange

Headquartered in the United States, CBASOX Exchange is a globally leading cryptocurrency trading platform offering a wide range of services, including cryptocurrency trading, mining pool services, blockchain investment consulting, project incubation, crypto asset issuance, and blockchain research. With cutting-edge technology and stringent security measures, CBASOX is dedicated to providing global users with a secure, efficient, and convenient cryptocurrency trading experience.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: CBASOX DIGITAL TRADE LIMITED
Contact Person: Kim Min-su
Email: Send Email
Country: United States
Website: https://www.cbasox.org

Universal Plant Services Revolutionizes Online Presence with the Launching of New Website Design

With its modern, user-centric interface, the newly redesigned website has been meticulously crafted with your needs in mind. It’s not just about us; it’s about you. This design allows visitors to navigate through detailed information about UPS’s service offerings effortlessly.

Deer Park, TX – Universal Plant Services (UPS), a leading provider of industrial plant services, maintenance, and turnarounds, is excited to announce the launch of its newly redesigned website. The site is designed to enhance user experience and showcase the company’s extensive range of services and industry expertise. Highlight access to the new site here. 

The newly redesigned website, with its modern, user-centric interface, has been meticulously crafted with your needs in mind. It’s not just about us; it’s about you. This design allows visitors to navigate through detailed information about UPS’s service offerings effortlessly. The site includes dedicated sections on maintenance, turnarounds, specialty services, and more, ensuring users can quickly find the information they need. 

“Our new website is a testament to our unwavering commitment to delivering exceptional service and support to our clients,” emphasized Laurie Shults, Marketing Manager of Universal Plant Services. “We have made it easier for our clients and partners to understand the full scope of what we offer, from routine maintenance to complex turnarounds, all backed by our experienced team and state-of-the-art technology. We are here to support your success,” he added. 

In addition to detailed service descriptions, the website also features case studies, client testimonials, and a blog that provides insights into industry trends and best practices. This content is designed to help visitors understand how UPS can address their unique challenges and improve their operational efficiency. 

Universal Plant Services offers a comprehensive range of services, including: 

  • Manufacturing and Technologies: Cutting-edge solutions for industrial manufacturing and technology needs. 

  • Rotating Equipment and Turbomachinery: Maintenance and servicing of rotating equipment and turbomachinery to ensure optimal performance. 

  • Engines and Reciprocating Compressors: Specialized services for engines and reciprocating compressors. 

  • Mechanical and Heat Exchangers: Expertise in mechanical systems and heat exchanger maintenance. 

  • Piping and Specialty Welding: High-quality piping and welding services for industrial applications. 

A few other services include Field Machining and Technical Bolting, Instrument and Electrical, Repair and Fabrication Shop Services, Tank Solutions, Valve Solutions, and Engineered Solutions. 

The launch of the new website is part of UPS’s broader strategy to enhance its digital presence and provide more value to its clients. By offering a wealth of information and resources online, UPS aims to support clients in making informed decisions about their industrial plant service needs. 

About Universal Plant Services 

Universal Plant Services (UPS) stands out as a provider of industrial plant services, maintenance, and turnarounds. Emphasizing safety, quality, and reliability, UPS offers solutions to help clients enhance their operations and reach their objectives. Whether it’s upkeep or intricate turnarounds, UPS’s skilled team and advanced technology ensure top-notch service and assistance. Based in Deer Park, Texas, UPS caters to clients from a variety of sectors, such as oil and gas petrochemicals, power generation, and more. They are equipped to process everything you look for and ensure receive the quality of service you deserve. 

For more information, visit universalplant.com

Contact Us:  

UPS HEADQUARTERS 

4460 Highway 225 Deer Park, Texas 77536 

Office: 281-694-6000 Fax: 281-680-4501

Media Contact
Company Name: Universal Plant Services
Contact Person: Laurie Shults
Email: Send Email
Phone: 281-479-6000
Address:806 Seaco Court
City: Deer Park
State: TX
Country: United States
Website: https://universalplant.com/

 

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FlipHTML5’s Curated List of Free AI Video Generators

“FlipHTML5 lists several free AI video generators.”
FlipHTML5, a leading digital publishing platform, announced the launch of its guide to free AI video generators. These tools’ features range from face swap to TTS technology, catering to different needs.

With a steadfast dedication to creating user-friendly experiences, FlipHTML5 reviews several free AI video generators and even creates a detailed tutorial about how to create an AI-based video. These tools leverage sophisticated AI technology to swiftly transform text into engaging videos, setting a new standard for efficiency and ease of use in the world of digital animation.

One of the key features of these free AI video generators is the ability to swap faces from portrait photos onto AI avatars within videos. This means users can easily update or alter the characters in their videos, making the content more relatable and tailored to their specific needs. This way, users can save on the cost of purchasing expensive equipment.

“Among these AI video generators, Mango AI stands out as a particularly notable option. With Mango AI, users begin by selecting a polished video template that sets a professional tone. Next, they input their text and tailor the content to their preferences, utilizing a range of features such as AI avatars, AI voices, whiteboards, and more to add depth and personality to the video. Finally, with a few clicks, the video is generated and ready for sharing on social media platforms or downloading for offline presentations,” says Winston Zhang, CEO of FlipHTML5.

Most free AI video generators elevate AI-generated videos with diverse human-like AI avatars that imitate humane expressions. Mango AI, for example, offers more than 150 avatars to choose from, including cartoon-style avatars, to create more authentic and engaging videos. The platform boasts an impressive library of over 120 languages for AI voices, ensuring that each avatar can be given a distinct voice.

Whether for product reviews, testimonials, training videos, or explainer videos, talking head videos are one of the most suitable solutions. Users can simply type their video script and intro and outro content into the platform. It is time to choose an AI avatar based on their content. Creating a talking head video is not as difficult as imagined.

For more information about the free AI video generator, please visit FlipHTML5.

About FlipHTML5

FlipHTML5 is a leading digital publishing platform that empowers users to create, publish, and share interactive digital content. With its powerful features and intuitive interfaces, both professionals and amateurs have the ability to create digital publications easily.

Media Contact
Company Name: FlipHTML5 Software Co., Ltd.
Contact Person: Nini
Email: Send Email
Phone: 86 020-61972665
Address:Room 1003, 10/F, Tower 1, Lippo Centre, 89 Queensway, Admiralty
City: HongKong
Country: China
Website: https://fliphtml5.com/

 

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Get Immersed in Gaming Excellence with the INNOCN 34G1R 34-Inch Curved Ultrawide Monitor This Prime Day

Shenzhen, China – July 13, 2024 – Elevate your gaming experience with the INNOCN 34G1R 34-inch Curved Ultrawide Monitor, available at an exclusive Prime Day price of $279.99, down from $399.99, saving you $120. This limited-time offer is valid from July 16-17, 2024.

Immerse Yourself in Gaming Excellence: Featuring immersive WQHD 1440p resolution on a ultrawide QHD (3440 x 1440, 21:9 aspect ratio) curved screen, the INNOCN 34G1R delivers crystal-clear visuals and enhanced field of view. Dive into detailed graphics that bring games to life.

Enhanced Comfort and Convenience: Enjoy ergonomic comfort with tilt, swivel, and height-adjustable features. The innovative stand includes a built-in 15W charger pad, letting you charge devices while gaming, enhancing both functionality and convenience.

Versatile Connectivity for Any Setup: Connect seamlessly with USB Type C with 90W power delivery, DP, HDMI, USB-B, USB-A, and a 3.5mm Audio Jack. Whether you’re using a desktop, laptop, Mac, phone, tablet, or gaming console like Switch, PS5/4/3, or XBOX Series, this monitor integrates effortlessly.

Immersive Audio and Visual Enhancements: Experience clear 2.1 channel stereo sound and integrated atmosphere lighting for a visually appealing setup. Enhance your gaming sessions with enhanced audio and ambient features.

Boost Productivity with Advanced Features: Enhance productivity with Picture-in-Picture (PIP) and Picture-by-Picture (PBP) split screen technology. Perfect for multitasking, from data analysis to creative tasks, ensuring efficient workflow.

Reliable Quality and Support: Backed by a 1-year warranty and 30-day no-hassle return policy, the INNOCN 34G1R monitor ensures peace of mind with every purchase. For more details and to seize this Prime Day offer, visit INNOCN’s Amazon Store.

Transform your gaming setup with the INNOCN 34G1R Curved Ultrawide Monitor and enjoy unparalleled performance and immersion this Prime Day.

Product Link: https://www.amazon.com/dp/B0CDPK3YY2

About INNOCN

Founded in 2014, INNOCN’s mission is to create elite monitors that deliver the best viewing experience. Leveraging extensive expertise in product design and visual display, INNOCN continually advances the monitor market with cutting-edge technology and innovation. For more information, visit https://www.innocn.com.

Media Contact:

Manufacturer’s Name: Shenzhen Century Joint Innovation Technology Company Limited (INNOCN)

Manufacturer’s Official Website: https://www.innocn.com

Manufacturer’s Email Address: marketing@innocn.com

Media Contact
Company Name: Shenzhen Century Joint Innovation Technology Company Limited
Contact Person: Media Relations
Email: Send Email
Country: China
Website: https://www.innocn.com

Enhancing Office Productivity with INNOCN 27C1U-D and 24D1F Monitors

Shenzhen, China – July 13, 2024 – In the fast-paced world of modern offices, having efficient and reliable equipment is essential for maximizing productivity. INNOCN, a leading brand in monitor technology, offers two exceptional options tailored for office works – the INNOCN 24D1F- 24Inch 1920 x 1080p 100Hz IPS PC Monitor and the INNOCN 27C1U-D -27 Inch 4K Monitor Computer.

The INNOCN 27 Inch 4K Monitor Computer(27C1U-D) is available at an exceptional Amazon Prime Day price of $219.99, reduced from its regular $349.99, resulting in substantial savings of $130. To make this deal even more enticing, customers can apply an additional 5% discount using code 27C1UD4KM, exclusively valid on the Amazon Prime Day from July 16 to July 17. This monitor flaunts a stunning 3840 x 2160 resolution, HDR400 support, and a wide color spectrum of over 1.07 billion colors, ensuring unparalleled clarity and color accuracy for tasks demanding precision and detail.

For those seeking a balance of performance and affordability, the INNOCN 24Inch PC Monitor(24D1F) is offered with a 5% discount during the Amazon Prime Day using the code 24D1FUSBC. This monitor features Full HD resolution, an IPS panel for vivid colors and wide viewing angles, and versatile connectivity options including USB Type C, HDMI, and DisplayPort. Its slim design and VESA mount compatibility enhance workspace flexibility, making it an ideal choice for everyday office tasks.

About INNOCN

INNOCN is dedicated to advancing display technology with a focus on innovation, quality, and user satisfaction. Trusted by professionals worldwide, INNOCN monitors are designed to meet the diverse needs of modern work and entertainment environments.

Product Link:

24D1F: https://www.amazon.com/dp/B0CYSJTXGM

27C1U-D: https://www.amazon.com/dp/B0B6PCXZ79

Media Contact:

Manufacturer’s Name: Shenzhen Century Joint Innovation Technology Company Limited (INNOCN)

Manufacturer’s Official Website: https://www.innocn.com

Manufacturer’s Email Address: marketing@innocn.com

Media Contact
Company Name: Shenzhen Century Joint Innovation Technology Company Limited
Contact Person: Media Relations
Email: Send Email
Country: China
Website: https://www.innocn.com

A Fusion of Originality, Flair, & Riveting Improvisation – Heather Ward Releases Debut Solo Jazz Album “Honeysweet”

A Fusion of Originality, Flair, & Riveting Improvisation - Heather Ward Releases Debut Solo Jazz Album "Honeysweet"
Celebrated Canadian jazz vocalist Heather Ward debuts her solo album “Honeysweet,” showcasing a rich blend of original tracks and fresh jazz arrangements

Produced collaboratively by Heather and Dave Houghton, and recorded under the expert mixing of Ben Lange at Lange Recording Studios, Heather Ward’s new release: “Honeysweet” features a collection of Seattle’s finest musicians.

The ensemble includes John Hansen on piano, Martin Budde on guitar, Moe Weisner on bass, Luca Cartner on drums, with Kate Olson on sax and flute, and Carey Rayburne on trumpet. Heather’s children, Shaina Ward Siegel and Aidan Ward-Richter, also contribute significantly; Shaina on bass and Aidan providing piano, drums, and arrangements, highlighting the album’s deep personal connections.

The album comprises a thoughtful mix of jazz standards, an original title track, and innovative jazz interpretations of songs from other favorite genres—a stylistic hallmark Heather has developed over her extensive career. Critics have lauded Heather’s “smokey, sultry alto” and her “tremendous vocal performance,” with the album described as swinging hard and captivating listeners with its “accomplished musicianship” and “ease and grace.”

This project serves not only as a demonstration of Heather’s vocal and artistic prowess but also as a launchpad for her anticipated increase in live performances and engagement within the jazz community. Now that her children have grown and she has transitioned away from her 9-5 commitments, Heather is fully dedicating herself to her music career. “Honeysweet” represents this new focus, with its blend of deeply personal reflections and broad musical explorations.

Listeners can purchase “Honeysweet” on Heather’s website and all major music platforms. Fans and new listeners are also invited to the album release party, encouraged to book voice lessons, and reach out for interviews and reviews. Heather continues to teach private voice lessons and remains an active member of NATS, enriching her students’ lives with her vast experience and passion for jazz.

Join Heather Ward as she delves deeper into the jazz genre, crafting a legacy that celebrates authenticity, passion, and the transformative power of music. Heather’s journey is a testament to the enduring power of following one’s passion and the beautiful complexity of life captured through the art of jazz!

For more information, visit https://www.heatherwardstudios.com

ABOUT

Heather Ward, a seasoned jazz vocalist originally from Canada and now based in Seattle, introduces her debut solo album, “Honeysweet.” Released on May 27, 2024, this album signifies a major milestone in Heather’s career, marking her full transition from a diverse musical and theatrical performer and educator to focusing solely on her passion for jazz.

As Heather embraces this exciting new chapter, her journey from art school and gallery performances to studying Jazz Performance at Capilano University, and her accolades like performing in Vancouver’s International Jazz Festival, all converge in this album. Heather plans to keep the momentum going with already another set of tracks ready for a potential second album and more live performances planned.

LINKS

Facebook: https://www.facebook.com/quirkyjazz

YouTube: https://youtu.be/Hf8UkWOuft4?si=SJHqjxNFGii2Ppil

Spotify: https://open.spotify.com/artist/5HIMEIXIinvDq4SayktZAr

SoundCloud: https://www.soundcloud.com/heatherwardstudios

Reverbnation: https://www.reverbnation.com/heatherward

All About Jazz: https://www.allaboutjazz.com/musicians/heather-ward

TikTok: https://www.tiktok.com/@heatherwardstudios

Media Contact
Company Name: Heather Ward Studios LLC
Contact Person: Heather Ward
Email: Send Email
Phone: 800-983-1362
City: Seattle
State: Washington
Country: United States
Website: https://open.spotify.com/embed/track/5VzZSJm1Uty8QNRoPIdb8y

Schneider Electric: This multibagger stock turned ₹1 lakh into over ₹4 lakh in just a year

Schneider Electric Infrastructure has shown remarkable growth with shares climbing 327% in a year, positioning it as a standout performer in Indian equity markets. The company stands to benefit significantly from the Revamped Distribution System Scheme, holding immense potential for future growth.

Schneider Electric Infrastructure has consistently delivered remarkable gains over the last four years.

Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has emerged as a significant wealth generator for investors over the past year. With its shares climbing from ₹175 apiece a year ago to the current level of ₹747, investors have enjoyed an impressive return of 327%.

For instance, an investment of ₹one lakh in the stock a year ago would now be valued at ₹4.3 lakh, showcasing remarkable growth. This performance has positioned Schneider Electric Infrastructure as a standout performer in the Indian equity markets.

The stock has consistently delivered remarkable gains over the last four years. In 2024 alone, the stock has surged by 83% in less than four months, continuing its winning streak for the fifth consecutive year.

It recorded impressive returns of 149% in the previous year and 56% in the year before that, while offering gains of 25% and 27.5% in CY21 and CY20, respectively. Notably, from its 2019 low price of ₹60.60, the stock is currently trading at a remarkable 1140% higher level.

Schneider Electric is an India-based power distribution company that manufactures, designs, builds, and services advanced products and systems for electricity distribution, such as distribution transformers, medium voltage switchgear, protection relays, and electricity distribution and automation equipment.

Positive outlook but valuations stretched

The company stands to benefit significantly from the Revamped Distribution System Scheme (RDSS), initiated by the Indian government as part of power distribution sector reforms.

This scheme comprises two major components: financial support for prepaid smart metering & system metering and the upgradation of Distribution Infrastructure, along with training & capacity building and other enabling & supporting activities.

With expectations of driving a US$37 billion capital expenditure (capex) in distribution system expansion and strengthening over the next five years, the RDSS holds immense potential. Currently, projects worth US$14 billion have been sanctioned under the scheme.

SEIL is projected to play a pivotal role in over 50% of the total capex outlay, positioning the company to capitalise significantly on the scheme’s implementation, said global brokerage firm Goldman Sachs in its latest report titled “Transition to drive a multi-decade rise in transmission capex.”

With the proposed implementation of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) 2026 onwards, which intends to impose tariffs on carbon emissions on goods entering the EU, the brokerage believes that the criticality of energy efficiency improvement will increase significantly, given that it is among the lowest hanging fruits for carbon abatement.

It expects the company to benefit given its energy management expertise, as it offers equipment and services that help in tracking and reducing energy usage in processes.

The Bureau of Energy Efficiency, Ministry of Power, has pegged India’s total energy efficiency market size at USD 9 billion, of which only 5% has been tapped yet, it noted.

Despite the positive aspects, the brokerage initiated a ‘Sell’ rating on the stock, setting a 12-month target price of ₹470 apiece. The rationale behind this decision is the perceived expensive valuations.

According to the brokerage, the current valuations appear inflated for a business that is predominantly commoditised and offers limited value addition.

About Schneider Electric

Schneider Electric purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

Media Contact
Company Name: ABC Private Limited
Contact Person: Media Relations
Email: Send Email
Country: India
Website: https://www.se.com/in/en/

 

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Schneider Electric sets up one of its largest employee campuses in Bengaluru

Schneider Electric has invested Rs 200 crore to set up one of its largest employee campuses in Bengaluru. “This new campus reaffirms Schneider Electric’s commitment to be an employer of choice by providing world class infrastructure for employees to collaborate, develop, and deliver industry leading solutions for customers. It also reinforces the company’s pledge to ‘Make in India for India and for the world’, showcasing ongoing investments in manufacturing, innovation, people, R&D, and skill building,” it said.

Schneider Electric, a global leader in energy management and automation, on Thursday inaugurated one of its largest employee campuses globally, at Bagmane Solarium City here. In a statement, the company said this state-of-the-art campus covers an area of 630,000 square feet and features a Global Innovation Hub, Training centre, R&D centre, Skill centre and Digital Hub with a capacity to accommodate over 8,000 professionals.

Schneider Electric has invested Rs 200 crore to set up one of its largest employee campuses in Bengaluru. “This new campus reaffirms Schneider Electric’s commitment to be an employer of choice by providing world class infrastructure for employees to collaborate, develop, and deliver industry leading solutions for customers. It also reinforces the company’s pledge to ‘Make in India for India and for the world’, showcasing ongoing investments in manufacturing, innovation, people, R&D, and skill building,” it said.

“I am delighted to open one of our largest employee campuses worldwide in India. This new investment underscores our dedication to accelerating our contribution to India’s rapid growth. We strongly believe in its potential as a springboard for innovative ideas benefitting local customers, while making a global impact,” Peter Herweck, Chief Executive Officer, Schneider Electric, said.

According to the company, the Bagmane Campus Training Centre will feature interactive demonstrations, workshops, and expert-led sessions, ensuring that our employees, partners, and customers, gain practical knowledge and expertise in the latest technologies and solutions.

It will harness internal expertise to foster a learning culture, offering an advanced learning environment equipped with latest technologies and infrastructure. “The Schneider Electric Bagmane Bengaluru Campus is designed to prioritise sustainability with off-site green power, energy-efficient chiller systems, and 100 per cent greywater reuse via a sewage treatment plant.

The campus has already applied for LEED Gold certification, demonstrating Schneider Electric’s commitment to international sustainability standards. “Further, the Schneider Electric interior fit-out works are also striving for LEED – Platinum certification, reflecting the company’s ongoing pursuit of excellence in sustainable building practices,” the statement said.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

Media Contact
Company Name: ABC Private Limited
Contact Person: Media Relations
Email: Send Email
Country: India
Website: https://www.se.com/in/en/

 

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Schneider Electric powers Delhi’s mega wastewater plant

Schneider Electric is supporting the Namami Gange initiative through the automation of India’s largest single stage wastewater treatment plant in Delhi. The plant is being constructed by SUEZ under the Delhi Jal Board Yamuna Action Plan, with Schneider Electric as the primary energy management and automation solution provider. The plant has a capacity to treat 564 million liters of sewage per day, aimed at meeting the needs of approximately 30 million residents of the national capital. The facility is set to enhance water quality and reduce pollution in the Yamuna River, producing around 50 per cent of its energy needs through biogas.

“Recognizing the critical importance of sustainable water management in India amidst rising water demands, Schneider Electric remains dedicated towards delivering innovative digital solutions for water and wastewater management,” said Deepak Sharma, Zone President- Greater India and MD & CEO, Schneider Electric India. “Our partnership with SUEZ and Delhi Jal Board to automate India’s largest Single Stage Wastewater Treatment Plant underscores our commitment to nation-building and sustainable water management.”

Arvind Kakru, Vice President- Industrial Automation, Greater India Zone, Schneider Electric, emphasized the importance of automation. “We at Schneider Electric are focused on propelling sustainability in India through accelerated use of digital technologies and sustainable solutions. It is a privilege for us to be a part of the Namami Gange project by automating the country’s largest wastewater treatment plant,” he said.

The plant is equipped with Schneider Electric’s IoT-enabled EcoStruxure platform, providing a secure and efficient approach to wastewater treatment. This includes the EcoStruxure Process Expert Automation platform, Altivar Process Drives, Altivar Soft Starters, Micom relays, transformers, and MV & LV solutions. Through collaboration with SUEZ, Schneider Electric has integrated electrical and automation solutions within the plant to enhance operational efficiency and reliability. SUEZ leads the project with advanced technologies adapted to local conditions, meeting health standards, and protecting water resources and biodiversity. The project also allows the reuse of wastewater where appropriate.

About Schneider Electric

Schneider Electric purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

Media Contact
Company Name: ABC Private Limited
Contact Person: Media Relations
Email: Send Email
Country: India
Website: https://www.se.com/in/en/

 

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Closure Ceremony of WAIC 2024: Ushering in a New Chapter for AI for Good, Painting a New Blueprint for the Future of AI

This is a grand event for artificial intelligence, a collective step towards a better future.

On July 6, the three-day 2024 World AI Conference&High-Level Meeting on Global AI Governance (WAIC 2024) concluded. With the theme “Governing AI for Good and for All,” a total of 107 forums were held to discuss the mathematical limits of scaling laws, explored how AI empowers scientific research and industrial development.

The closing marks the beginning of a new journey as the exploration of AI has no end.

Promoting “AI for Good” Through Global Consensus

During the three-day event, 1,300 global leaders from over 50 countries and regions gathered together, including  nine recipients of the Turing Award, Fields Medal, and Nobel Prize, as well as 88 top academicians from around the world. Like stars converging, the seeds of inspiration they planted are sure to take root and grow in the near future, becoming a powerful force driving technological advancement and civilizational progress.

Unlike previous years, this year’s conference brought the governance of AI to an unprecedented level.

The rapid development of AI technology has brought tremendous benefits to economic and social development, but it has also introduced numerous risks and challenges, such as deepfakes, privacy protection, and intellectual property disputes. Promoting the development and safety of artificial intelligence, as well as addressing global governance and ethical issues, are major unavoidable topics that urgently require consensus through dialogue and cooperation.

Xue Lan, a senior professor at Tsinghua University and Dean of Schwarzman College, stated that the

the World Artificial Intelligence Conference,themed  “Governing AI for Good and for All,” captures the latest developments in AI development and governance. From the perspective of global AI governance, issues and challenges are primarily concentrated in areas such as geopolitics, technological pathways, the coordination of governance and technological progress, mechanism construction, and supervision and enforcement. Therefore, it is essential to strengthen collaborative governance, expand multi-level and multi-channel bilateral and multilateral exchanges and dialogues, and promote international cooperation in the field of AI for major scientific endeavors to address common global challenges. “We need to push for the AI governance system to become an international public good, rather than a small, exclusive club.”

Indeed, AI governance is not a challenge that any single country can face alone. Amandeep Singh Gill, the UN Secretary-General’s Envoy on Technology, stated at the conference’s opening that AI is extremely important, and relying solely on market forces, dispersed national efforts, and multilateral forces carries too much risk. If we want to fully reap the benefits of AI and achieve sustainable development goals, international cooperation is essential.

Echoing this theme, during this year’s conference, ministerial-level officials from over 30 countries and leaders of relevant international organizations held a significant international dialogue specifically focused on AI governance. The participants exchanged in-depth views on issues related to AI development, safety, and governance, expressing their willingness to actively engage in exchanges and cooperation. They aim to collaboratively build an open, fair, and effective governance mechanism to jointly promote the healthy, safe, and orderly development of AI.

Many international experts have expressed their views on global AI governance. Gaël Varoquaux, research director at French Institute for Research in Computer Science and Automation (Inria) stated, “We believe there needs to be international global governance because both the internet and AI can easily cross borders.” Sassine Ghazi, president and chief executive officer of Synopsys, emphasized that global collaboration can enable people around the world to benefit from the significant advancements brought by AI while ensuring that innovation is practiced responsibly.

The participating experts also stated that global AI governance cannot be separated from the support of cutting-edge technologies. Regarding AI safety governance, Turing Award winner Chi-Chih Yao believes that AI safety governance should not be a patchwork, addressing one issue at a time as it arises. Instead, it is necessary to explore beneficial general artificial intelligence that aligns AI with human interests. During the design phase, mathematical principles should be incorporated to ensure that all decisions made by robots are human-centered. Robots must communicate with humans to understand their needs. The goal is to design mathematically absolutely safe general artificial intelligence, where humans do not interact directly with large models but only with provably safe “white boxes.”

Zhou Bowen, Director and Chief Scientist of the Shanghai Artificial Intelligence Laboratory, proposed the exploration of the “AI-45° Law.”  He acknowledged that AI development is currently imbalanced, with AI model safety lagging far behind performance. This imbalance is due to significant differences in talent density, commercial drive, and computing power investment between safety and performance. In the long term, AI should generally develop along a 45° balance between safety and performance. There can be short-term fluctuations, but it should not remain significantly below or above 45° for extended periods, as this would hinder technological and industrial application development. There are many technical paths to achieve the 45° balance law in AI, and the Shanghai Artificial Intelligence Laboratory is exploring a path centered on causality, referred to as the “causal ladder” of trustworthy AGI.

Accelerating“AI Empowerment” through Frontier Exploration

Development and safety are the two wings of AI. Based on safety and governance, exploring the forefront of AI and promoting better empowerment for industrial development is also a key topic of this year’s conference.

AI is the wisdom engine of scientific exploration and the catalyst driving industrial development. In early 2023, a cover article in Nature presented a pessimistic view of the current state of research paper development, stating that “scientific progress is slowing down.”

However, it is comforting that AI is reshaping a new paradigm of scientific discovery. As experts discussed in the forums, large models compress world knowledge internally, and the uncertain generative properties may help humanity break through knowledge silos across different disciplinary domains to achieve innovative exploration. For instance, astronomy, as a discipline with massive data, represents one of the best scenarios for AI application and driving scientific discovery. Artificial intelligence, with its extraordinary data processing capabilities, unveils the mysteries of the universe’s depths.

AI for Science is also driving a new paradigm shift in scientific research. Scaling laws have transformed AI, but relying solely on compressing and summarizing massive amounts of data is not enough to achieve general artificial intelligence. Qi Yuan, Director of the Shanghai Institute of Science Intelligence, pointed out that, much like AlphaGo’s victory over Lee Sedol, humanity has seen the potential for machines to surpass human cognition. However, more importantly, AI should strive to have self-learning and innovative capabilities, akin to AlphaZero. “The ultimate manifestation of AI for Science is to create an ‘AI Einstein’ that can understand complex worlds and discover unknown laws.”

From exploring frontier technology to empowering industrial development, AI is penetrating various industries at an unprecedented pace. It deeply integrates into the entire production and operation process, reducing production costs, enhancing production efficiency, boosting core competitiveness, fostering new business models, and reshaping traditional industries.

Experts indicate that in the era of intelligence, AI extensively empowers human beings, tools, resources, and technological factors of production. The “surge” in the generalization ability of large models accelerates knowledge discovery, expands human capability boundaries, and continues to upgrade industrial digitization and intelligence, thereby driving transformation in production paradigms.

Industry professionals deeply feel that AI is a crucial engine for new-quality productivity, serving as the “productivity of productivity.” AI is optimizing workflows for video creation, becoming a new engine for innovation-driven advancements. The millisecond-level code generation speed of AI continuously enhances developers’ coding efficiency. AI-driven autonomous driving is becoming a reality, transforming the future of transportation. The application scenarios of large models in industry are becoming increasingly diverse, penetrating into research and development, design, manufacturing, and operation management, ushering in a new era of intelligent manufacturing. From question-and-answer tools to assistive tools, and now intelligent agents, large models are evolving from general scenarios to industry-specific applications, demonstrating increasingly significant productivity improvements.

Embodied intelligence based on humanoid robots is currently one of the frontier interdisciplinary hotspots in academia and industry. It represents an important developmental direction towards general artificial intelligence.

Building an “AI Ecosystem” Through Continuous Efforts

The gathering of elite scholars and industry leaders from around the world made the conference shine brightly.

The accompanying exhibitions allowed attendees to directly experience the charm of AI. Over 500 well-known companies showcased over 1,500 exhibits, with more than 50 new products debuting, marking historical highs. Nearly a hundred large models were prominently displayed, alongside 18 humanoid robots forming a matrix, and the release of China’s first open-source full-scale general humanoid robot. These innovations brought about by AI are truly eye-opening.

Talent is the primary resource for AI development. Focused on building a talent ecosystem, the SAIL Award (Superior AI Leader Award), the WAICYOP Award(World Artificial Intelligence Conference Youth Outstanding Paper Award), WAIC Yunfan Award, the Fourth Best Practices of Applied Algorithms, the Youth AI Innovation Competition, and the Puyuan Large Model Challenge have become integral parts of the World Artificial Intelligence Conference. “Three Awards ,Three Competitions” not only represent authoritative recognition of outstanding achievements in the field of AI but also harness powerful momentum to drive global advancements in AI technology. They empower more young people to break new ground in the journey of AI.

The World Artificial Intelligence Conference serves as a window to observe global AI development and is also a microcosm of building the AI ecosystem. Governments, enterprises, universities, research institutions, and capital collaborate to construct a favorable ecosystem characterized by resource sharing, complementary advantages, and collaborative innovation. This ecosystem synergy promotes rapid technological iteration and industrial upgrading, attracting global attention to the field of AI.

Although WAIC 2024 has concluded, it marks the beginning of a new journey. Next year, the 2025 World Artificial Intelligence Conference will be held as scheduled, bringing together friends from around the world to explore the boundless possibilities of AI together.

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