News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

AI In Orthopedic Surgery: How Leveraging AI Could Improve Surgical Outcomes

Benzinga

By Meg Flippin, Benzinga Artificial intelligence isn’t reserved only for chatbots and autonomous vehicles; it's also increasingly important in various other fields, like orthopedics, particularly for knee and hip replacement surgeries. Of the nearly 800,000 total knee replacement surgeries performed annually in the U.S., 88% are still performed manually – putting patients at risk from potential human errors and potentially longer recovery times. Then there are the implants. Many implants used today are “one-size-fits-none,” which don’t fit all patients perfectly. Today's major problems in joint replacement include mechanical loosening, bone loss, dislocation, ease of revision and fracture. About 100,000 hip and knee replacements fail every year, and 36% of patients regret their procedure altogether. How AI Is Transforming Surgery AI is helping address these challenges, speeding up surgeries and potentially improving patient outcomes. By analyzing patient data – including patient records and medical images – AI can assist surgeons in providing patients with precise and accurate diagnoses, identifying patterns or abnormalities that would be difficult to spot with the human eye. In the planning stage, in the future AI could help give surgeons valuable insights regarding where to place the implants and how to better predict surgical outcomes. Artificial intelligence can also help surgeons in the operating room with robots leveraging AI-powered preoperative planning that provides real-time guidance to efficiently cut bone for precise and accurate implant placement. Let’s not forget the recovery stage – even there, AI could prove useful in the future to potentially help surgeons develop customized treatments by analyzing the range of motion, muscle strength and gait of the patient. Monogram’s Mission Monogram Orthopedics Inc. (NASDAQ: MGRM) will be using AI (machine learning) and robotics to deliver the next generation of patient care and improve implants to improve fit and capital efficiency. The Austin, Texas-based medical device company is at the cutting edge, betting that customizing implants to the unique needs of patients will go a long way in improving outcomes for the countless people who need hip and knee replacements each year – with machine learning algorithms that could identify the critical anatomical landmarks to help inform the implant design. These technologies are not yet commercial or FDA-cleared. “Our mission is to make orthopedics personal. The current standard of care is highly impersonal,” says Monogram CEO Benjamin Sexson. “In crude terms, patients are permanently and irreversibly amputating arthritic bone to have it replaced with an off-the-shelf generic implant that, in non-clinical terms, gets ‘hammered’ into place. Simplistically our goal is to replace joints with implants that are designed for a more personalized fit and placed with advanced robotics. We are working to mitigate the risks of arthroplasty with technology that drives personalization.” Monogram is aiming to revolutionize orthopedics with the launch of its robotic technology mBôs, which links 3D printing and robotics with advanced pre-operative imaging. The robots aim to help surgeons plan where to place the implant to achieve target laxity values under stress. Accompanying the robot are “best fit” implants that the company believes could improve the personalization of what is available today. Better Outcomes With AI The idea is to get to a point where surgeons use 3D-printed implants that are designed based on the patient’s unique characteristics. The custom implants could reduce the need to carry excess inventory and would be press-fit (they wouldn’t need cement to hold them in place). Monogram’s robots are designed to precisely cut the bone to help surgeons place the custom implants on the patient. With more of the patient's bone preserved, this could result in a more bone-sparing design. Using the Monogram software platform and product solution architecture powered by AI and machine learning, the vision is for surgeons to be able to design optimized implants that they anticipate could improve stability and physiological loading. The company is researching the potential benefits of its designs and has not conducted clinical trials. Quick-build 3D printing could also enable maximum logistical and clinical efficiency, enabling clinical representatives to process patient image data using industry-leading machine learning algorithms and automated processes, says Monogram. This could reduce case processing time, lowering the cost of surgery. “Bone is a composite. It consists of compact bone at the periphery, spongy bone and bone marrow. Our implants are designed to maximize contact with the inner cortical wall (inner surface of the compacted bone at the periphery) to improve initial stability,” says Sexson. “The primary purpose of the machine learning algorithms is to segment bone (inner and outer cortex) from the CT scans as well as to identify the critical anatomical landmarks that inform the implant design algorithms.” Monogram is leaning heavily into AI. With Monogram’s technology, surgeons could get efficient case planning, fast registration and efficient cutting. Monogram has indicated it will be largely complete with its verification and validation in the first half of 2024, with a planned 510(k) application submission for FDA clearance in the second half of 2024. Technological advancements like AI are transforming healthcare, particularly when it comes to joint replacement surgeries, and for good reason. Today’s approaches are antiquated, generic, and can be ineffective ( 20% of patients aren’t satisfied with their knee replacement ). Monogram hopes it can change that, leveraging technology to personalize what has been a non-personalized procedure to date. Featured photo courtesy of Monogram Orthopedics. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 03, 2024 08:35 AM Eastern Daylight Time

Image
Article thumbnail News Release

5thScape to list its first game “MMA Cage Conquest” on Meta Store: Ultimate Virtual MMA Experience

Spark Metro PR

Mixed Martial Arts fans and enthusiasts, your virtual fighting dreams have arrived! 5th Scape delivers a transformative experience with "MMA Cage Conquest," stepping far beyond traditional fighting games into true sensory immersion. Step into the iconic MMA cage, feel the roar of the crowd and become the champion you always envisioned. The 5thScape Project is an ambitious venture that aims to create a comprehensive Virtual Reality ecosystem. In this VR ecosystem many developers, gamers and experts from various industries can collaborate. This is a VR gaming studio startup in which they focus on developing games, movies, animations etc. Apart from this, they are also planning to launch a special VR headset and a VR Chair which is an ergonomically perfect chair for long gaming sessions. Now, coming back to the game, - "MMA Cage Conquest" redefines virtual combat. Its skill-based system demands true martial arts strategy along with honed reflexes. Learn and master strikes like a real-life wrestling professional. It includes (not limited to) powerful grappling throws and the intricacies of ground control to secure your victories. Feel the impact of every blow, the thrill of a perfectly executed submission, and the tension of a match fought on the razor's edge. Training lies at the heart of "MMA Cage Conquest." This journey transcends button-mashing and enters the realm of personal development. Start as an eager underdog, mastering the fundamentals through rigorous simulations. Refine your striking, defense, and ground game, tracking your progression and building unshakeable confidence. With each session, you don't just play the game – you live the fight. MMA Cage Conquest is all set to make gaming experiences more vigorous and a powerhouse for the senses. Feel the rush in your bones as you climb the leaderboards, and establish yourself as the ultimate MMA cage conqueror. Ready to unleash your inner champion? " MMA Cage Conquest " will be available on the Meta platform. Submitted for listing on May 2, 2024, the developers await approval from Meta. Visit 5thscape.com for trailers, release updates, and the latest news on your journey to become the undisputed MMA Cage Conqueror. Contact Details 5th Scape 5thScape Team +1 302-597-6768 Team@5thscape.com Company Website https://5thscape.com

May 03, 2024 06:51 AM Eastern Daylight Time

Video Image
Article thumbnail News Release

ARway.ai Strikes Two Major Deals with ImmersLabs and Riyad Bank for Immersive AR Experiences

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil two significant partnerships with ImmersLabs and Riyad Bank, marking a significant leap forward in immersive augmented reality (AR) experiences. The collaboration with ImmersLabs entails ARway.ai joining as an ARway Developer to pilot AR maps across three floors of a prestigious museum located in the heart of Washington, D.C. This innovative installation aims to revolutionize navigation within the museum, offering visitors an immersive journey enriched with educational content about the museum's exhibits and architectural updates. Through AR technology, visitors can interact directly with various elements of the exhibits, enhancing their overall museum experience. Additionally, ARway.ai has partnered with Riyad Bank to prototype a cutting-edge navigation experience at their new corporate campus complex in Riyadh, Saudi Arabia. This initiative is designed to deploy across all buildings within the property, providing employees with seamless navigation from parking lots to offices and other facilities within the campus. By leveraging AR technology, Riyad Bank aims to enhance employee productivity and streamline movement within their corporate environment. These partnerships underscore ARway.ai's commitment to leveraging advanced AR solutions to transform navigation experiences across diverse environments, from cultural institutions to corporate campuses. By harnessing the power of AR technology, ARway.ai is pioneering new standards in immersive navigation and user engagement, empowering organizations to unlock the full potential of spatial computing for enhanced experiences and operational efficiency. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 02, 2024 02:12 PM Eastern Daylight Time

Video
Article thumbnail News Release

Nextech3D.ai Achieves 80% Gross Profit Milestone, Propelled by AI and Strategic Shift to Hyderabad

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company has reached a significant milestone by achieving an 80% gross profit in Q2, 2024. This remarkable accomplishment marks a 166% increase from the 30% gross profit reported in 2023, showcasing the company's strong growth trajectory. Evan Gappelberg, CEO of Nextech3D.ai, attributes this milestone to the company's strategic investment in AI and its pivot to Hyderabad, India, in Q3, 2023. He expressed confidence in the company's ability to achieve profitability in 2024 by scaling revenue with impressive 80% profit margins while concurrently reducing operating expenses. This reduction in expenses is attributed to the continued investment in the company's patented AI technology, which enhances efficiency and productivity across operations. The strategic shift to Hyderabad, India, aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a sharp focus on profitability and fiscal responsibility for its valued shareholders. This move underscores the company's dedication to maximizing shareholder value while capitalizing on emerging market opportunities in the eCommerce and technology sectors. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 02, 2024 02:10 PM Eastern Daylight Time

Video
Article thumbnail News Release

Toggle3D.ai Welcomes Hareesh Achi as New CEO, Transitioning from Evan Gappelberg

Toggle3D.ai Inc

Toggle3D.ai Chief Executive Officer Hareesh Achi and Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce Toggle3D.ai's latest move involves appointing Hareesh Achi as the new Chief Executive Officer, succeeding Evan Gappelberg, who remains the CEO of parent company NextTech3D.ai. Achi, with a rich background at tech giants like Microsoft and Meta, brings a wealth of experience in large-scale operations, a crucial asset for Toggle3D's ambitions in 3D technologies and AI. Gappelberg expressed confidence in Achi's ability to steer growth and innovation at Toggle3D, citing his deep understanding of the company's operations and technological framework. Achi, in turn, reiterated his dedication to leveraging his expertise to elevate Toggle3D's offerings in the 3D space. He recognized the vast potential for expansion and innovation across industries such as e-commerce and manufacturing. Under Achi's leadership, Toggle3D aims to harness its advanced AI capabilities and user-friendly technologies to secure a prominent position in the market. Gappelberg emphasized the strategic timing of this leadership transition, aimed at enhancing shareholder value during a pivotal growth phase for Toggle3D. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

May 02, 2024 02:02 PM Eastern Daylight Time

Video
Article thumbnail News Release

AI Sports Odds Intelligence Firm Bettormetrics Finds US Sportsbooks Leave Billions in Handle on the Table Due to Poor Suspension Strategies

Bettormetrics

Bettormetrics, an innovative company providing competitive sports odds intelligence and insight to the sports betting industry, reported today through its latest data analysis, that the leading US sportsbooks are potentially losing tens of millions of dollars in revenue due to length of suspension times during live sport contests. According to the findings, FanDuel led the top three sportsbooks in potential revenue lost, leaving an estimated $1.45 billion in handle on the table with an average suspension rate of 15.8% (84.2% uptime) per fixture. DraftKings, although best in class, leaves a potential $249 million in handle with an industry leading suspension rate of 4.8% (95.2% uptime) The analysis was done leveraging NBA betting data for the 2023-2024 season. “While suspension is an inevitable occurrence in sports betting as traders necessarily evaluate the risks surrounding new situations within games, some sportsbooks are more systematically cautious than others. It’s this situational nuance that leads to more sportsbooks looking at risk instead of the potential rewards around improving its average uptime” said Robert Urwin, CEO and co-founder of Bettormetrics. “In looking at our NBA data of the top three US sportsbooks, it’s clear to see the suspension strategies and the risk management perspectives of each book’s trading desks. While FanDuel is potentially losing out on the most revenue, based on its incredible volume, with a few optimizations it can dramatically increase its margins and create distance between itself and DraftKings as the definitive leader in US sportsbook operations.” Suspension is when a sportsbook periodically shuts down betting lines in a sporting event to readjust the odds based on activity within the event (a basket, touchdown, goal, penalty, key injury, etc.). Each sportsbook handles suspension differently and for different periods of time. Depending on the length of time the odds are suspended, sportsbooks are losing the opportunity to accept new bets and can potentially lose active users to other sportsbooks, should odds be shut down for extended periods of time. “Every operator is looking for ways to grow their margins, increase wagering and reduce customer attrition. While many sportsbooks externalize their focus on the cost of user acquisition, suspension can help a sportsbook find new revenue from within by becoming more efficient than their competitors,” said Sabin Brooks, Commercial Director of Bettormetrics. “In the US, market share is gained in very slim percentage points. By understanding and addressing these crucial trading efficiencies, sportsbooks can gain potentially billions in lost revenue. A poor suspension strategy is very bad business for customers and shareholders alike.” Suspension is just one element of overall sportsbook performance. Bettormetrics monitors and analyzes thousands of live in-play sports betting events traded every single week. Observed performance and competitive analysis by Bettormetrics has already helped traders and analysts discover and ameliorate deficiencies that directly impact sportsbook revenues and profitability. About Bettormetrics Bettormetrics is an innovative company providing competitive sports odds intelligence and insight to the sports betting industry. Bettormetrics’s Trading Analytics Platform is a SAAS product supporting sportsbook trading desks with cutting edge insight and analysis on the entire event life cycle, helping sportsbooks, data suppliers and B2B platforms gain an edge on competitors and ensure no profits are left on the table. For more information, please email info@bettormetrics.com or visit Bettormetrics.com. Contact Details Digital Sport by Hot Paper Lantern Bailey Irelan birelan@hotpaperlantern.com Square In The Air Ben Cleminson ben@squareintheair.com Company Website https://bettormetrics.com/

May 02, 2024 12:50 PM Eastern Daylight Time

Image
Article thumbnail News Release

Tokens.com Expands into AI and Robotics with Acquisition of Simulacra Corporation

Tokens.com

Tokens.com CEO Andrew Kiguel joined Steve Darling from Proactive to unveil the company's strategic pivot towards AI and robotics, marking a significant step to position itself as a pioneer in technological innovation. Tokens.com recently completed the acquisition of Simulacra Corporation, a leading specialist in AI for companionship and ultra-realistic humanoid robots. These cutting-edge technologies are not only designed for interactive companionship but also find applications across entertainment, healthcare, and education sectors. Kiguel emphasized the transformative potential of humanoid robots in various domains, including classrooms for interactive teaching experiences and healthcare settings for providing companionship and assistance to patients. Tokens.com has already demonstrated the practical utility of its technologies through successful projects with prominent entities like the US military and Johns Hopkins Hospital. Moreover, Tokens.com is exploring novel governance applications by considering the integration of AI-enabled robots as advisors on its board. This strategic move underscores the company's commitment to leveraging AI to enhance decision-making processes while ensuring impartiality and efficiency. With over $20 million in revenue, Tokens.com has solidified its position as a leader in the field of humanoid robotics, distinguishing itself from competitors such as Boston Dynamics and Tesla. The acquisition of Simulacra Corporation marks a significant milestone in Tokens.com's journey towards innovation and technological advancement. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 02, 2024 12:03 PM Eastern Daylight Time

Video
Article thumbnail News Release

Flash Wins California Energy Commission $5.8M Grant for EV Charger ‘Innovation Lab’ in Oakland

Flash Parking

The California Energy Commission (CEC) and Flash, a pioneer in parking + charging solutions, today announced Flash secured a $5.8 million grant from CEC for a large-scale electric vehicle (EV) charger demonstration project in Oakland, California. The first-of-its-kind project will deploy at least 446 low-cost Level 2 EV chargers over a two-year period in convenient, high-density, high-visibility installations in a 1.5-mile area around downtown Oakland. With $24 million in funding from California’s Clean Transportation Program, the CEC grant to Flash and other awardees aims to demonstrate replicable and scalable business and technology models to deploy Level 2 charging infrastructure and improve public awareness of and confidence in Level 2 charging access. The project will also include installation of two Battery Energy Storage Systems that will help safeguard EV charger affordability during periods of peak energy demand. “Bay Area residents’ early commitment to the EV transition uniquely positions this community to serve as an ‘Innovation Lab’ for electrification projects in California and nationwide,” said Matt McCaffree, Vice President of Utility Market Development for Flash. “This collaboration with CEC will not only show what’s possible in high-density smart cities like Oakland but also keep the charging gap for early adopters from becoming a confidence gap for the next wave.” Bay Area EV adoption continues to outpace the national average by a factor of three. By installing reliable, affordable, and convenient public chargers, Flash and the CEC aim to close the charging gap and encourage further EV adoption—particularly among downtown residents, for whom dependable public charging is a prerequisite for ownership in lieu of at-home chargers. The success of the project would establish quality public charging as a standard among the practical, convenient, and environmentally-friendly “smart cities” of the future. “For residents living in downtown areas where at-home charging isn't an option, reliable and convenient public charging is key for continued EV adoption,” said CEC’s Lead Commissioner for Transportation Patty Monahan. “The CEC is looking forward to Flash's deployment of hundreds of Level 2 chargers throughout downtown Oakland to be a model of successful public charging.” The project will also generate invaluable data regarding battery capacities, operating costs, replicable price points, and emergency procedures, as well as insights toward stimulating demand and increasing return on investment. This information can then be used to expand and improve upon the Oakland deployment and inform electrification efforts throughout California and beyond. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Flash Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

May 02, 2024 08:30 AM Pacific Daylight Time

Image
Article thumbnail News Release

ToolsGroup Named Leader in Seven G2 Categories for Spring 2024

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce that it has been recognized as a Leader in seven separate G2 Spring 2024 reports. This achievement underscores ToolsGroup’s commitment to excellence and innovation in the supply chain industry. “We feel honored that so many of our customers have publicly shared their experience with ToolsGroup’s solutions,” said Kevin Young, CMO and Chief Growth Officer at ToolsGroup. “Our customers’ success is our success. At a time when disruptions and uncertainties have become the norm, it is truly gratifying that our AI-driven supply chain solutions are helping brands around the world maximize their service levels while minimizing inventory and working capital investments, regardless of the complexity of their supply chain or the amount of uncertainty.” Across all report categories, just 10% of all listed vendors made it to the G2 Spring reports, and less than 4% of products and services earn Leader recognition. Based on a wealth of direct customer reviews, ToolsGroup earned recognition as a Leader in the following reports: · Grid® Report for Supply Chain Planning | Spring 2024 · Europe Regional Grid® Report for Supply Chain Planning | Spring 2024 · EMEA Regional Grid® Report for Supply Chain Planning | Spring 2024 · Momentum Grid® Leader for Demand Planning | Spring 2024 · Grid® Report for Demand Planning | Spring 2024 · Europe Regional Grid® Report for Demand Planning | Spring 2024 · EMEA Regional Grid® Report for Demand Planning | Spring 2024 To qualify for inclusion in the Supply Chain Planning category, a product must provide planning tools for demand, inventory, replenishment and ordering, facilitate delivery schedules and load planning, and customize plans based on individual business priorities. Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation and leveraging predictive analysis. Additional Resources: Learn more about ToolsGroup’s industry recognition from customers and analysts HERE. See ToolsGroup’s G2 reviews HERE. Find out why customers are rating ToolsGroup so highly at the Gartner Supply Chain Symposium in Orlando, FL May 6-8. Experience the latest AI-based solutions at Booth #817 in the Planning Village. Book a meeting with our experts today! About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs.. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

May 02, 2024 10:00 AM Eastern Daylight Time

Image
12345 ... 572