Day: March 13, 2024

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Autobrains’ Liquid AI Enables True Automotive Intelligence

Autobrains, an automotive AI powerhouse, is unveiling its new groundbreaking AI technology, Liquid AI, which effectively tackles the three major challenges in today’s automotive AI landscape – covering edge cases, achieving a viable cost point, and bridging the gap between perception and decision.

TEL AVIV, ISRAEL and MUNICH, GERMANY / ACCESSWIRE / March 13, 2024 / Autobrains, a leader in automotive AI headquartered in Tel Aviv, introduces its latest breakthrough: Liquid AI. Liquid AI represents a paradigm shift in autonomous driving and Advanced Driver Assistance Systems (ADAS), addressing challenges that even the best automotive companies struggle to overcome. It combines Autobrains’ signature-based self-learning approach with a modular and adaptive architecture of specialized, scenario-based end-to-end skills. "While current technologies perform well in handling average conventional driving tasks, they fall short when faced with unexpected real-world driving scenarios that demand greater precision. By using or implementing our Liquid AI, automotive companies can close their AI gaps," adds Autobrains’ Founder and CEO, Igal Raichelgauz.

The Challenges Faced by Conventional AI Systems:

  • Edge Cases: The infinite variety of unexpected driving scenarios presents conventional AIs with practically unsolvable tasks. Today’s manually trained black-box systems cannot cover edge cases. Attempts to address this by feeding the systems more labeled images result in a loss of trackability and controllability.
  • Cost: Addressing real-world driving problems by expanding existing systems with more data, labeling, layers, and computational resources leads to escalating costs and power consumption, resulting in diminishing returns. Achieving a substantial improvement in system accuracy by a factor of 10 requires 10,000 times more computational resources.
  • Perception-Decision Disconnect: The missing interplay between perception and decision functions hinders effective and precise decision-making. For the AI to make optimal driving choices, it requires specific information. However, when details are missing or overly complex, precision is compromised, leading to incorrect reactions.

Liquid AI – Human Brain-Inspired:

Autobrains draws inspiration from the human brain, which consists of specialized areas akin to task-specific narrow end-to-end AIs. Just as our brain adapts its architecture based on context – such as light/weather conditions, surroundings, and relevant road users – Liquid AI follows the same approach. Here’s how it works:

  • Network of Specialized Narrow AIs: Liquid AI comprises hundreds of thousands of specialized narrow AIs, each designed for specific tasks, making reactions very precise and tailored to the relevant driving scenario. This specialized AI approach enables scalability, ranging from a few tens to hundreds of AIs for ADAS systems, scaling up to thousands for higher levels of automated driving, all the way to hundreds of thousands of AIs for full self-driving.
  • Adaptive Architecture: Unlike fixed systems, Liquid AI’s architecture adapts dynamically to the driving context, activating only relevant modules as necessary. This significantly reduces power consumption and compute requirements, not only resulting in cost savings for the System on Chip (SoC) hardware.
  • Efficiency and Precision: By mimicking the brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and safety.

The Future of Automotive Intelligence:

Autobrains’ Liquid AI bridges the gap between conventional AI limitations and the promise of truly intelligent autonomous systems. By mimicking the human brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and more explainability and controllability.

About Autobrains

Autobrains is a leading AI company in the automotive industry. Autobrains invented and developed a paradigm-shifting AI technology: Liquid AI – backed by 250+ patents addressing autonomous driving challenges. Implementing this unique AI technology for ADAS applications disrupts the market with its unprecedented perception capabilities, low compute requirements, and agnosicity to sensors and SoCs. The company is backed by strategic investors including Temasek, Knorr-Bremse AG, BMW i Ventures, Toyota Ventures, VinFast, Continental AG, and Autel.

Learn more: https://autobrains.ai.

Contact: sales@autobrains.ai

Contact Information

Sophia Eichler
Director of Marketing
media@autobrains.ai
+49 015167066494

SOURCE: Autobrains

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Photonis’ Ion Detection Technology Enables NASA’s Key Research of Aurora Phenomenon

Photonis Channeltron® Electron Multipliers Soar Into the Alaskan Aurora on NASA’s DISSIPATION Mission

STURBRIDGE, MA / ACCESSWIRE / March 13, 2024 / Photonis, a leading brand of Exosens, has supplied U.S. government agency NASA with Channeltron® (Channel Electron Multipliers) to be used to aid in the detection of particles present within the atmospheric phenomenon known as the Aurora Borealis.

On Nov. 8, NASA’s Goddard Flight Center’s DISSIPATION mission took flight aboard a suborbital, two-stage sounding rocket launched from the Poker Flats Research Range in Fairbanks, Alaska. The launch occurred shortly after midnight and was timed perfectly with the peak of the aurora that morning, which lasted less than half an hour. Ascending into the auroras, the mission aimed to gather crucial data that will shed light on the intricate process of energy dissipation from high-altitude solar winds into the atmosphere. This knowledge holds significant implications for enhancing our understanding of aurora formation and improving space weather predictions.

The DISSIPATION sub-payload features NASA’s MoSAIC (Modular Spectrometer for Atmosphere and Ionization Characterization) instrument equipped with Photonis Channeltron® Channel Electron Multipliers. These specialized detectors play a crucial role in MoSAIC, enabling precise measurements of neutral and ion winds’ composition, density, temperature, and velocity in the upper atmosphere.

"We are excited and honored to contribute our advanced Channeltron™ Ion Detection Technology to NASA’s DISSIPATION Mission. This collaboration marks another milestone in our commitment to make advanced cutting-edge technology available for the scientific community to explore and understand the mysteries of our universe. We look forward to seeing how our technology aids in unraveling the complexities of the Aurora Borealis and solar winds to improve space weather predictions," said Ulrich Laupper, President and Executive General Manager of the Exosens Ultimate Detection Business Unit.

While it will take scientists a while to analyze all the data, the early results are that the mission was a complete success.

ABOUT PHOTONIS:

Photonis, a leading product brand of Exosens, is a high-tech company with more than 85 years of experience in the innovation, development, manufacture, and sale of high-end electro-optical technologies used in the detection and amplification of ions, electrons, and photons. Photonis offers its customers photo-detection and low-light conditions imaging solutions for extremely demanding environments such as Defense & Security, Nuclear Safety, Life Science, and Industrial & Non-Destructive testing. Photonis is internationally recognized as a leading brand and a major innovator in its fields with production and R&D sites in Europe and North America.

For more information: exosens.com.

Contact Information

Sales Manager
science@exosens.com
5083474000

SOURCE: Photonis Scientific, Inc.

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Moolec Science Presents Second Quarter Fiscal Year 2024 Business Update

LUXEMBOURG / ACCESSWIRE / March 13, 2024 / Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the second quarter of Fiscal Year 2024 ended December 31, 2023.

Moolec Logo
Moolec Logo
Moolec Science Logo

The main highlights of Moolec’s business update are as follows:

  • SOOY1 | Piggy Sooy™ Platform: Third generation (T3) soybean seed propagation has started, and fourth generation (T4) seeds are expected to be harvested in April 2024. A molecular analysis reveals that the current T3 soybean population contains a stable number of porcine myoglobin gene copies consistent with a population that is not segregating.
  • PEEA1: Scientific team confirms the presence of bovine myoglobin gene in pea seeds and the gene’s stable inheritance across plant generations.
  • YEEA1: Moolec´s prototyping platform includes a novel yeast strain that is being developed as a dietary supplement and food ingredient, and Moolec has begun the first of several pre-submission consultations with US-FDA.
  • Product Marketing: The next generation of textured plant-protein prototypes produced at Moolec’s industrial and commercial R&D center were presented to the public in Gulfood 2024.
  • Financial highlight: Capital Raise of ~$30M with $10M in cash and ~$20M in kind contributions materialized in October 2023 with strategic investors through a convertible note followed by an additional ~$1M raised with farmers in December 2023. Revenues and other income (Ex-IAS 29) of ~$1.7M slightly down QoQ. R&D, Admin and other Expenses in line with historical track record of cost efficiency. Operational cash utilization of ~$4M includes ~$2.7M allocated to lower accounts payable.

"This quarter has been a testament to the dedication and hard work of our team. We have made steady progress in our research and development efforts as well as product development. I am incredibly proud of our team’s delivery and execution. Thank you to the Moolers, and to our partners for their continued support," stated Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

"Our financial position reflects our commitment on multiple fronts. The strategic partnerships we have formed, most recently with farmers, will be instrumental not only in our funding health, but also contribute to support Moolec’s product growth and commercialization in the near future," declared José López Lecube, Chief Financial Officer for the company. He then continued by saying: "As we move forward, we remain focused on maintaining a healthy financial position and are confident in our ability to navigate the next stages of our growth."

Conference Call

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar.

To access the call, please use the following information:

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal-based food, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverages the agronomic efficiency of broadly used target crops, like soybean and safflower. Recently, it acquired plant-based ingredient capabilities to consolidate Molecular Farming Technology. Moolec has a growing international patent portfolio (26, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America.

Forward-Looking Statements

This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header "Risk Factors" in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information

Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

Michael Bowen
ICR, LLC
moolecir@icrinc.com

Related Files

Moolec Science – Business Update Q2FY2024_Final

SOURCE: Moolec Science

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Indiscriminate shelling kills mothers, children in Myanmar

An artillery attack in northern Myanmar killed five civilians, residents told Radio Free Asia on Wednesday. The victims included two women in their 30s and three children in Kachin state’s Bhamo township.

Conflict in the area has already killed three civilians and damaged houses across the Chinese border since the Kachin Independence Army took 14 junta camps last Thursday. Flights at an airport nearby were grounded for the foreseeable future after short-range missiles damaged the runway. 

Following the group’s six-day attack last week, the Kachin Independence Army told RFA it plans to reopen the nearby Myitkyina-Bhamo road, not having had control of the camps alongside it since 2011. 

The shelling on Tuesday originated from the junta’s Bhamo-city based No. 21 Operation Command Headquarters, but landed in Kan Ni village. All five victims died immediately, said one Kan Ni local.

“The mother, Myint Maw, and her two children, as well as another unnamed mother and her child died,” he told RFA on Wednesday, asking to remain anonymous for fear of reprisals. “The three children were five to ten years old, one girl and two boys.”

The dead will be cremated at Kan Ni village cemetery on Wednesday, residents said.

Junta troops have been firing shells at several small villages like Kan Ni, despite there being no fighting in the area, locals said.

RFA phoned Kachin state junta spokesperson Moe Min Thein to learn more about the shelling, but he did not respond by the time of publication.

Junta troops and the Kachin Independence Army, alongside allied resistance groups, have clashed over Kachin state’s lucrative jade mining industry. 

Civilians have accused the junta’s army of torching houses, killing civilians and conducting raids on villages throughout the state. 

Translated by RFA Burmese. Edited by Kiana Duncan and Mike Firn.

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Vietnam holds political prisoner in solitary confinement for 18 months

Vietnam’s Nam Ha Prison has been holding political prisoner Nguyen Duc Hung in a solitary cell for 18 months, his family told Radio Free Asia this week.

The law says the disciplinary period for violating a prison’s rules is only 10 days.

The 33-year-old campaigned against the Formosa Plastics Group steel factory, which polluted the water supply by discharging waste in 2016.

He was arrested in 2022 on charges of “conducting anti-state propaganda” and was sentenced to five years and six months in prison in a trial without a lawyer.

Hung was sent to serve his sentence at Nam Ha Prison in the province of the same name and only allowed limited family visits.

Last August, his father Nguyen Sen was refused a prison visit and told Hung was being disciplined for receiving noodles from a fellow political prisoner.

After RFA’s Vietnamese service wrote about the incident in December, Hung’s father was allowed to visit.

Last month, Sen returned to the prison, and discovered that his son was still being held in solitary confinement as punishment for the 2022 incident.  

He said his son was weak and pale due to being confined in his cell for a long time. Hung also suffers from stomach problems and headaches due to a childhood accident, he said.

Hung is shortsighted but the prison won’t allow him to use his metal-framed spectacles. Although the family sent plastic-framed glasses, the prison said they didn’t receive them, making it difficult for Hung to see.

Hung told his father that the family could only visit him once every two months in accordance with regulations for disciplined prisoners. 

Even though Sen registered his phone number with prison authorities he never received a call from his son even though regulations allow inmates to call their family for 10 minutes a month.

Hung told his family to help him hire two lawyers, but he did not specify what they were for, only saying he would present evidence to them when at the prison. It is unclear whether Hung will be able to meet with a lawyer because, according to regulations, only relatives can meet with prisoners.

RFA’s calls to Nam Ha Prison went unanswered.

According to Article 43 of the Law on Execution of Criminal Judgments (2015), prisoners who violate detention facility rules can be reprimanded, warned or detained in a disciplinary cell for up to 10 days. While held in solitary, prisoners are not allowed to meet their relatives.

“Vietnam’s rights-abusing practices include trying to censor, or failing that, arrest and imprison anyone who dares criticize the government, and that’s precisely what the authorities are doing to Nguyen Duc Hung,” Human Rights Watch Deputy Asia Director Phil Robertson told RFA.

“But it is unusually cruel for them to hold him in virtually indefinite solitary confinement.

“The government should recognize that Nguyen Duc Hung did nothing wrong in the first place because exercising freedom of expression should not be considered a crime, and they should release him immediately and unconditionally,” he said.

Nguyen Viet Dung, who was held in solitary confinement for more than two years at Nam Ha Prison and has now fled the country, said that each individual disciplinary sentence has a duration of three months, however, the prison can consecutively apply disciplinary sentences to a prisoner.

Translated by RFA Vietnamese. Edited by Mike Firn and Taejun Kang. 

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(LEAD) On-year job additions rise over 300,000 for 2nd month in Feb.


South Korea added more than 300,000 jobs for the second consecutive month in February led by solid job growth in the manufacturing sector amid rising exports, data showed Wednesday.

The number of employed people came to 28.04 million last month, up 329,000 from a year earlier, according to the data compiled by Statistics Korea.

It is the second month in a row that the number of new jobs has exceeded 300,000. In January, 380,000 jobs were added after three months of job additions below 300,000.

February’s job growth was led by more positions for senior citizens.

Jobs for those aged 60 and older rose by 297,000 on-year.

Those in their 50s and 30s had 84,000 and 71,000 more jobs, respectively.

But the number of jobs for those aged 15-29 dropped by 61,000, extending the losing streak to the 16th month. The reduction in jobs for youth was in line with the dwindling population of the age group, according to the agency.

People in their 40s also saw 62,000 fewer positions last month.

By sector, the manufactu
ring sector gained 38,000 more jobs in February, the third monthly rise, on the back of rising exports.

Exports, a key growth engine, advanced for the fifth consecutive month in February on solid demand for semiconductors.

The public administration, defense and social welfare segment created 98,000 new positions, as the government hired more workers in the field in the run-up to the April 10 general elections.

The information and communications sector saw an increase of 80,000 jobs, and the science and technology service field also created 78,000 new positions.

But the restaurants and accommodation sector shed 2,000 jobs in February after losing 8,000 jobs the previous month amid weak private consumption.

The employment rate of people aged 15-64 increased 0.7 percentage point on-year to 68.7 percent last month, the highest for any February since the agency began compiling related data in 1989.

The total employment rate among people aged 15 and older also reached the highest level for any February of 61.
6 percent by going up 0.5 percentage point on-year.

The jobless rate inched up 0.1 percentage point to 3.2 percent, and the number of people who remained unemployed and sought a job rose 25,000 to 915,000 in February, the data showed.

“The job market is expected to remain stable on the economic recovery,” the finance ministry said in a release. “But the weak construction sector could affect the overall job market, and the government will closely monitor such risk factors and strive to create quality jobs.”

Source: Yonhap News Agency