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Instructure and OpenAI Announce Global Partnership to Embed AI Learning Experiences within Canvas

First-of-its-kind integration transforms education by embedding OpenAI’s technology directly within the Canvas learning environment, empowering educators and amplifying student potential

SALT LAKE CITY and SAN FRANCISCO, July 24, 2025 /PRNewswire/ — Instructure, the world’s leading edtech ecosystem and maker of Canvas Learning Management System (LMS) and OpenAI, the artificial intelligence research organization, today announced a global partnership that introduces a new integration that enables teachers to create Large Language Model (LLM) workflows directly in the LMS.

This groundbreaking collaboration represents a transformative step forward in education technology and will begin with, but is not limited to, an effort between Instructure and OpenAI to enhance the Canvas experience by embedding OpenAI’s next-generation AI technology into the platform.

IgniteAI announced earlier today, establishes Instructure’s future-ready, open ecosystem with agentic support as the AI landscape continues to evolve. This partnership with OpenAI exemplifies this bold vision for AI in education. Instructure’s strategic approach to AI emphasizes the enhancement of connections within an educational ecosystem comprising over 1,100 edtech partners and leading LLM providers.

“We’re committed to delivering next-generation LMS technologies designed with an open ecosystem that empowers educators and learners to adapt and thrive in a rapidly changing world,” said Steve Daly, CEO of Instructure. “This collaboration with OpenAI showcases our ambitious vision: creating a future-ready ecosystem that fosters meaningful learning and achievement at every stage of education. This is a significant step forward for the education community as we continuously amplify the learning experience and improve student outcomes.”

This initial Canvas-native functionality brings OpenAI’s technology into the classroom with educational integrity and privacy at the core of the experience:

Educator-guided, outcome-aligned AI – This integration enables educators to design learning activities that fully leverage the capabilities of OpenAI’s technology, fostering deeper engagement and more enriching educational outcomes. Educators maintain complete control over the interactions, ensuring they align with learning objectives.

Student agency meets teacher visibility – Through the integration, learners benefit from dynamic and personalized educational conversations within the Canvas LMS. Educators also gain insight into students’ assignment interactions with AI in Canvas. The learner information remains private to the Canvas user and is not shared with OpenAI.

Evidence-based learning, seamlessly integrated – As students interact with AI in Canvas, key learning evidence is captured and returned to the Gradebook — bridging AI-driven exploration with standards-aligned assessment.

Enhancing high-value educational experiences – By automating routine and low-value tasks, this integration creates space for educators and students to focus on more meaningful educational activities. Students experience personalized, adaptable learning journeys while educators gain valuable insights from learning artifacts directly captured within Canvas, reinforcing their ability to nurture higher-order skills.

“Now is the time to ensure AI benefits students, educators, and institutions, and partnerships like this are critical to making that happen,” said Leah Belsky, general manager and VP of education at OpenAI. “With Instructure’s global reach with OpenAI’s advanced AI models, we’ll give educators a tool to deliver richer, more personalized, and more connected learning experiences for students, and also help them reclaim time for the human side of teaching.”

Leading education toward the future
The global announcement by Instructure and OpenAI signals a strategic shift towards edtech and AI companies working side by side to shape the future of education and respond to the rapid pace of technological change, focusing on where education is headed. AI benefits learners most when their engagement reflects strong practices; industry partnerships can further strengthen this.

“We are harnessing powerful technology not simply because it’s innovative but because it fundamentally changes, and accelerates, the learning experience,” said Daly. “Our partnership with OpenAI clearly illustrates our commitment to delivering tools that allow educators and learners to thrive amid constant change.”

LLM-enabled assignment
The first tool Instructure is launching is a new type of assignment called the LLM-Enabled Assignment, designed to let educators create a custom GPT-like experience within Canvas. Teachers can define how AI interacts with students, set specific learning goals and objectives and determine what evidence of learning it should track. They can do this using natural language prompts or by leveraging an assistant within the assignment creation flow to guide them through the process.

“This new type of assignment allows students to have rich, casual and interactive conversations in a ChatGPT-like environment they already know they love,”  said Shiren Vijiasingam, chief product officer at Instructure. “In that process, they create visible learning evidence that teachers can confidently use, as it’s mapped to the learning objectives, rubrics and skills defined by the teacher.”

Through this tool, when students submit their assignments, teachers gain a high-level view of overall progress, key learning indicators and potential gaps, each supported by clear evidence. They can then dive into specific indicators to see exactly where and how a student demonstrated the required understanding in the conversation.

“What’s powerful about this tool is that it enables educators to assess the student’s learning process — not just the final outcome,” said Vijiasingam. “This is only the first in a set of tools we will develop with OpenAI over the coming quarters. This feature provides a meaningful way to teach students how to use these tools responsibly and effectively, all within a high-quality pedagogical framework that encourages critical thinking and supports higher-order skills.”

About OpenAI
OpenAI is an AI research and deployment company with a mission to ensure that artificial general intelligence benefits all of humanity.

About Instructure
Instructure powers the delivery of education globally and reimagines the technologies that turn teaching and learning into opportunities. Today, the Instructure ecosystem of products connects the dots for educators and institutions by improving educational experiences at every age, every stage and every transitional moment—across K-12, higher education and the workforce. We encourage you to discover more at www.instructure.com/ko.

Contact
Brian Watkins
Corporate Communications
Instructure

(801) 658-7525
brian.watkins@instructure.com
July 23, 2025

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Xinhua Silk Road: Datong rises as premier global tourism destination with 240-hour visa-free transit policy

BEIJING, July 24, 2025 /PRNewswire/ — Datong, located in north China’s Shanxi Province, is fast becoming a premier cultural destination for international travelers. In the first half of 2025, its tourism sector experienced robust growth after the city was included among the designated areas under China’s expanded 240-hour visa-free transit policy.

This photo shows the Yungang Grottoes in Datong City in north China's Shanxi Province.
This photo shows the Yungang Grottoes in Datong City in north China’s Shanxi Province.

According to the China•Datong Tourism Development Index Report for the first half of 2025 released by Xinhua Index Research Institute, the city’s tourism development index reached a monthly average of 1,469.15 points, marking a 9.6 percent year-on-year increase.

To further enhance accessibility, a direct flight from Datong to Moscow was launched on July 6, making it easier for international visitors to explore this historic city.

A trip to Datong offers a deep dive into the richness of Chinese cultural heritage, the magnificence of artistic expression, and the profound integration of diverse ethnic groups.

As one of the key cultural settings in Chinese video game “Black Myth: Wukong”, Datong has drawn attention for its rich artistic heritage. The city features six prominent historic sites, including the Yungang Grottoes, the Hanging Temple, and the Huayan Temple. These landmarks reflect centuries of ethnic integration and artistic excellence.

Datong is also a culinary hub. Famous for its knife-cut noodles, the city offers a wide array of local dishes such as mixed hotpot, juicy flower-shaped steamed dumplings, and braised mutton, earning it growing recognition as an international food capital.

To ensure a seamless experience for international visitors, Datong has enhanced its multilingual services. Scenic spots offer smart audio guides, English signage, and online ticketing in foreign languages. Foreign currency payment systems and multilingual staff are now widely available, making Datong a friendly and accessible destination for global travelers.

Original link: https://en.imsilkroad.com/p/346756.html

Mitrade Launches Apple Pay & Google Pay as Gen Z Australian Traders Swarm Volatile US Markets

MELBOURNE, Australia, July 24, 2025 /PRNewswire/ — Award-winning CFD trading platform, Mitrade, has launched Apple Pay and Google Pay support for Australian users. This comes as a seismic shift reshapes the country’s investment landscape, with Gen Z traders increasing engagement in high-risk US market speculation driven by geopolitical volatility, demanding payment experiences attuned to a fast-paced lifestyle.

According to The Australian, traders aged 18 to 40 are shifting from the ASX to American markets, drawn by geopolitical volatility that makes short-term CFD trading increasingly attractive to risk-tolerant traders. This demographic shift is reinforced by Gen Z’s expectations for instant, mobile-first experiences—including how they fund and manage trades. Industry data from Finance Magnates shows that 56.6% of trading is now conducted on mobile devices, highlighting the growing preference for mobile trading platforms among younger investors.

“Engaging with markets is one way younger Australians are starting to build economic literacy and awareness of global events,” said Elven Jong, CEO of Mitrade Australia. “But for those newer to trading, barriers like funding delays, declined payments, and outdated systems can make funding trades feel inaccessible. By integrating Apple Pay and Google Pay, we’re supporting a more inclusive and mobile-first trading experience — one that aligns with the habits of this generation and makes it easier to participate safely, confidently, and on their own terms.”

Biometric authentication and tokenisation are key safeguards as mobile-first investors seek secure ways to trade. With card-not-present fraud rising, Apple Pay and Google Pay — which only work with platforms meeting strict security standards — add extra layers of protection to Mitrade’s trading experience. These shifts are reshaping how risk is managed in an increasingly connected world.

About Mitrade
Mitrade is an award-winning CFD trading platform founded in Melbourne, trusted by 5M+ traders worldwide. It operates under top-tier financial regulators—Australia’s ASIC (AFSL398528), Cyprus’ CySEC (CIF438/23), the Cayman Islands’ CIMA (SIB1612446), and Mauritius’s FSC (GB20025791)—delivering a secure, seamless, and intuitive trading experience.

Powered by AI, Mitrade provides CFDs on indices, forex, commodities, ETFs, and shares. With microsecond execution, razor-thin spreads, robust risk management, and multi-device compatibility, it is redefining the future of fintech for every type of trader.

Trading involves risk. This article is for informational purposes only and does not constitute financial advice, an offer, or a solicitation. 

Visit https://www.mitrade.com for more information.

CONTACT: Rachel Weiss
rachel.weiss@mitrade.com 

Instructure Launches IgniteAI to Simplify and Seamlessly Transform AI Integration in Education

Powered by AWS, IgniteAI sets the stage for a future-ready, open ecosystem with agentic support as the AI landscape continues to expand

SALT LAKE CITY, July 24, 2025 /PRNewswire/ — Instructure, the world’s leading edtech ecosystem and maker of Canvas Learning Management System (LMS), today announced the launch of IgniteAI,Instructure’s next big leap in secure, in-context AI for education.

Powered by AWS Bedrock, IgniteAI simplifies and streamlines the use of AI directly within Canvas and Mastery, enhancing efficiency and driving educational success. This advanced AI solution also seamlessly connects with hundreds of trusted partner tools, saving time and allowing educators to maintain confident control over the learning experience.

Amid explosive growth in AI technologies, educators and administrators face significant challenges in navigating the role of AI in education and effectively implementing a variety of tools. IgniteAI addresses these pain points by delivering confidence, simplicity and substantial educational value, enabling educators and learners to leverage AI intuitively and safely.

“Over the past year, we’ve listened as customers opened up about the real challenges and complexities they face in trying to deploy AI effectively,” said Shiren Vijiasingam, chief product officer at Instructure. “By embedding AI transparently into the familiar Canvas environment and ensuring full interoperability with both our native AI functionality and that of our partners, IgniteAI brings powerful, vetted AI solutions directly into the daily workflows of educators and learners. Our technology removes barriers and protects data, allowing educators to confidently dedicate more of their time to providing an exceptional learning experience.”

Educators can use IgniteAI directly within Canvas or Mastery to conduct tasks such as creating quizzes, generating rubrics, summarizing discussions, aligning content to outcomes and more. IgniteAgent enables conversation-based completion of even the most complex workflows within Instructure products, and can orchestrate other partner AI right within the agent chat. Leveraging the Model Context Protocol (MCP) standard, trusted partners can easily integrate their agents and workflows to work seamlessly with IgniteAgent. Educators will be able to generate solutions to even the most complex educational problems seamlessly across Instructure and partner products right within the Instructure learning ecosystem, with a single prompt.

To date, many AI learning solutions are isolated point solutions confined to serving a single function within their product, adding to the noise and cognitive overload for educators. Instructure’s strategic approach to AI focuses on extending the Learning Tools Interoperability (LTI) framework and facilitating connections across the educational ecosystem of over 1,100+ edtech partners and leading large language models (LLMs) via the established MCP standards. Existing partnerships with Anthropic and OpenAI are enabling novel use cases in education.

This results in greater interoperability, allowing AI to operate seamlessly across systems while keeping educators and learners within their institution’s Instructure experience — the hub of all teaching and learning. Institutions can combine native Instructure IgniteAI features with other AI tools they know and love to confidently and securely achieve educational success. With this deliberate approach to AI, Instructure is well-positioned as AI evolves beyond generic content creation into more autonomous support that can help users complete previously time-consuming tasks, also known as “agentic AI.”

IgniteAI emphasizes three core tenets:

  • Confidence: Clear, transparent insights detailing data use, privacy compliance and model specifics, reinforcing institutional control, intellectual property and data protection compliance (COPPA, FERPA, GDPR).
  • Adoption: Seamless integration with Canvas and Mastery means educators and learners encounter AI as a natural part of their routine, eliminating the need to learn new tools or ways of working and preventing fragmented user experiences.
  • Value: Targeted solutions address specific time-intensive tasks such as grading, content creation, student management, system setup, equitable learning individualization and intuitive analytics, driving direct benefits to students and educators.

“As testers of IgniteAI, we’ve been incredibly impressed with its potential to transform the learning experience,” said Robert Romano, IT associate director at Florida International University (FIU). “Our staff, who are keen to embrace AI, particularly appreciated features like the translation capabilities, which offer a powerful way to make education accessible for our entire student body. What truly sets Instructure apart as a partner is the opportunity to collaborate directly with their research and development team to help shape the future of the product. At FIU, we pride ourselves on a culture of testing and innovation, and we’re excited to be part of the journey in shaping a tool that will undoubtedly empower educators and students alike.”

Instructure customers will begin to see the IgniteAI icon in Canvas and Mastery immediately where AI is already integrated into the product experience. Additional features are launching on an opt-in basis in line with our approach to co-creating with our customers and preserving their agency in enabling AI capabilities and include support for automating content creation and remediation, streamlining grading and feedback, and building educator and learner AI skills with novel AI assignments.

Additional Instructure product enhancements

In addition, Instructure announced several significant updates to its product suite. Canvas, the central platform for learning, offers more intuitive and personalized experiences, featuring redesigned dashboards and modules that enhance usability and provide a cohesive mobile app experience across platforms. To support differentiated learning at scale, Canvas has introduced differentiation tags that enable personalized instruction and enhanced management and discovery of LTI tools through the new Canvas Apps experience.

Innovations in assessment include specialized STEM items, enhanced proctoring capabilities in New Quizzes and new student portfolios that showcase diverse learning progress.

Accessibility remains a top priority, with Canvas LMS, Canvas Studio, Canvas Catalog and Impact going above the minimum standard by achieving WCAG 2.2 AA compliance as part of a recent Voluntary Product Accessibility Test (VPAT). This is part of ongoing efforts to achieve high accessibility standards across all Instructure products, ensuring equitable access to content.

Furthermore, Mastery by Instructure now offers streamlined assessment management, AI-powered item alignment and generation, assessment experiences in Spanish and deeper actionable insights through enhanced analytics dashboards designed to facilitate quick, data-driven instructional decisions.

There are 18 new solutions launched as part of these enhancements, 10 of them leveraging AI to remove friction and drive learning success.

About Instructure
Instructure powers the delivery of education globally and reimagines the technologies that turn teaching and learning into opportunities. Today, the Instructure ecosystem of products connects the dots for educators and institutions by improving educational experiences at every age, every stage and every transitional moment—across K-12, higher education and the workforce. We encourage you to discover more at www.instructure.com/en-au.

Contact
Brian Watkins
Corporate Communications
Instructure

(801) 658-7525
brian.watkins@instructure.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/07/instructure_logo.jpg 

Scaling Self-Care Can Be a Game-Changer in Global Fight Against Non-Communicable Diseases

  • Ahead of the upcoming UN General Assembly to set a new vision for non-communicable diseases, the Global Self-Care Federation is calling for self-care strategies to be integrated into health plans
  • Non-communicable diseases account for 76% of global deaths, and their impact continues to rise[1]
  • Current self-care activities are generating substantial global monetary savings ($119 billion per year) as well as healthcare workforce savings – with huge potential to unlock further savings[2]

GENEVA, July 24, 2025 /PRNewswire/ — On International Self-Care Day, and as world leaders prepare for a landmark United Nations General Assembly meeting on non-communicable diseases (NCDs) this September, the Global Self-Care Federation (GSCF) is calling for an urgent paradigm shift: integrate self-care strategies into national health systems to stem the rising tide of preventable illness and death.

NCDs – including cardiovascular disease, cancer, chronic respiratory disease, diabetes, and mental health conditions – account for 76% of global deaths, and this number continues to rise. These conditions place a growing burden on individuals, families, and health systems worldwide, underscoring the urgent need for scalable, person-centered solutions like self-care that support prevention, early management, and long-term wellbeing.

In response to the escalating global burden of NCDs, Heads of States and Government will meet at the United Nations General Assembly NCD meeting in September to establish a new vision for the prevention and control of these conditions.

Amid rising healthcare costs and increasingly stretched health systems, self-care stands out as a powerful and proven solution. On this International Self-Care Day, the GSCF – the global voice of the self-care life sciences industry – highlights the role of non-prescription medicines, self-care health products, and self-management tools in supporting the diagnosis, prevention, and treatment of a wide range of conditions through evidence-based, person-centered care. Self-care is a low-cost, high-impact approach that empowers individuals to prevent, manage, and control NCDs through sustainable, everyday actions. Realizing its full potential requires supportive government policies that promote health literacy, enable access to quality self-care products, and encourage healthy choices across populations.

Evidence-based self-care involves making healthy lifestyle choices and avoiding unhealthy habits, making responsible use of prescription and non-prescription medicines, recognizing symptoms, managing one’s own treatments of self-treatable conditions, and self-monitoring health conditions more closely. The GSCF is therefore calling for supportive policy frameworks—such as improved health literacy, better access to self-care tools, and environments that enable and encourage healthier choices for all.

Recent work by the GSCF found that self-care practices are already producing over $119 billion in global savings annually, freeing up to 1.8 billion physician hours. Scaling up these interventions could unlock over $230 billion in economic benefits in low- and middle-income countries by 2030, while significantly relieving pressure on healthcare workers.[3]

“Self-care is not a luxury – it’s a public health imperative,” said Greg Perry, Director General of GSCF. “When people have access to effective self-care products – such as fluoridated toothpaste, smoking cessation aids, skincare treatments, allergy relief, and cough and cold remedies – they’re empowered to manage their health proactively, relieve symptoms early, and reduce the burden on health systems. These everyday solutions already support millions in maintaining wellness and preventing more serious illness. As the UN Meeting on NCDs approaches, it’s essential to recognize self-care as a vital foundation of resilient, sustainable healthcare.”

Tamara Rogers, Chair of the GSCF, added: “Self-care is a proven, scalable, and people-centered solution that enables individuals and communities to take control of their health every day. We’re encouraged that self-care is increasingly being recognised as an essential health component, but there is more to be done to embed this into systems worldwide. Integrating self-care into national strategies is paramount to reduce healthcare burdens, close access gaps, and build sustainable systems.”

As part of its Self-care is healthcare movement, the GCSF is outlining four recommendations for countries to scale self-care practices to address NCDs, support health ageing and ensure integration of self-care into the healthcare delivery continuum:[1]

  • Formally integrate self-care into national health plans and strategies
  • Mobilize the entire multidisciplinary care team in service of self-care
  • Leverage digital health technologies to increase access to self-care products and services
  • Promote self-care as a key piece of healthy ageing

On International Self-Care Day, the Federation invites global partners, health leaders, and citizens to rally behind the #SelfCareIs campaign to elevate awareness and accelerate action. To find out more and get involved, please visit https://self-care-is-healthcare.org/.

Notes

The Global Self-Care Federation (GSCF) represents associations and manufacturers in the self-care industry, promoting sustainable and better global health outcomes for all. For more information, visit: www.selfcarefederation.org.

International Self-Care Day is held annually on 24th July (7/24), to highlight that the benefits of self-care are experienced 24 hours a day, seven days a week. International Self-Care Day raises awareness of the value of self-care and the benefit that effective self-care can bring to both individuals and healthcare systems.

[1] GSCF. Self-Care Readiness Index 2025. https://www.selfcarefederation.org/resources/self-care-readiness-index-2025.

[2] GSCF. Economic and Social Value of Self-Care. https://www.selfcarefederation.org/ecosoc-report.

[3] GSCF. Policy Paper: How self-care contributes to the risk-reduction, prevention & management of NCDs. https://www.selfcarefederation.org/resources/how-self-care-contributes-risk-reduction-prevention-management-ncds.

SK hynix Announces 2Q25 Financial Results

  • Reports revenues of 22.232 trillion won, operating profit of 9.2129 trillion won, net profit of 6.9962 trillion won
  • Both revenues, operating profit at all-time highs following brisk sales of AI memory
  • Company to provide best-in-class AI products timely for customer satisfaction, market expansion

SEOUL, South Korea, July 24, 2025 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has recorded 22.232 trillion won in revenues, 9.2129 trillion won in operating profit(with an operating margin of 41%), and 6.9962 trillion won in net profit(with a net margin of 31%) in the second quarter.

Both revenues and operating profits stood at all-time highs, beating the previous best results in the fourth quarter of last year.

The company said that an aggressive investment by global big tech companies into AI led to a steady increase in demand for AI memory. Shipments of both DRAM and NAND flash were higher than expected, helping the company log the best quarterly results.

SK hynix expanded sales of 12-high HBM3E in the DRAM space, while registering a growth in sales of NAND for all applications. With the industry-leading competitiveness in AI memory and profitability-first management discipline, the company has maintained a positive earnings trend.

With the latest financial results, the company’s cash and cash equivalents increased to 17 trillion won at the end of June, up by 2.7 trillion won a quarter earlier. Its debt ratio and net debt ratio stood at 25% and 6%, respectively, as net debt fell by 4.1 trillion won, compared with the previous quarter.

In the second quarter, the inventory level was kept steady as customers increased both memory orders and production of their finished products. Demand for memory is expected to continue to grow as customers plan to launch new products in the second half.

Particularly, SK hynix foresees that increasing competition among big tech companies to enhance inference of AI models would lead to higher demand for high-performance and high-capacity memory products. Ongoing investments by nations to build sovereign AI* would also help generate long-term demand for memory, it said.

* Sovereign AI: a nation’s ability to build an independent AI system with its own infrastructure, data, talent and business network

The company expects the solid performance of its products and mass-production capabilities to help double HBM, compared with a year earlier, to generate stable earnings. It will also ensure timely provision of HBM4 in accordance with customers’ requests to remain competitive.

SK hynix will start provision of an LPDDR-based module for servers within this year, and prepare for GDDR7 products for AI GPUs with an expanded capacity of 24Gb from 16Gb in a bid to enhance its leadership in the AI memory market with product diversification.

For the NAND business, the company will maintain a prudent stance for investments considering demand conditions and profitability-first discipline, while continuing with product developments in preparation for improvements in market conditions. Particularly, it will expand sales of QLC-based high-capacity eSSD and build 321-high NAND-based product portfolio to enhance its market leadership.

Song Hyun Jong, President and Head of Corporate Center, said that SK hynix will carry out part of the planned investments preemptively this year for smooth provision of major products with visible demand for next year including HBM. “We are on track to meet our goal as a Full Stack AI Memory Provider satisfying customers and leading market expansion through timely launch of products with best-in-class quality and performance required by the AI ecosystem.”

  • 2Q25 Financial Results (K-IFRS)

*Unit: Billion KRW

2Q25

QoQ

YoY

1Q25

Change

2Q24

Change

Revenues

22,232

17,639.1

26 %

16,423.3

35 %

Operating Profit

9,212.9

7,440.5

24 %

5,468.5

68 %

Operating Margin

41 %

42 %

-1%p

33 %

8%p

Net Income

6,996.2

8,108.2

-14 %

4,120

70 %

  • Financial information of the earnings is based on K-IFRS
  • Please note that the financial results discussed herein are preliminary and speak only as of July 24, 2025. Readers should not assume that this information remains operative at a later time.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

A New Chapter of Bold Leadership and Unstoppable Growth

LEHI, Utah, July 24, 2025 /PRNewswire/ — Amare Global, The Mental Wellness Company™, is pleased to announce a powerful new chapter; effective immediately, David Chung, Owner and Chairman of Amare Global, will assume the role of Chief Executive Officer. With an unmatched passion for Amare’s mission and a relentless drive to see every brand partner succeed, Chung is stepping into this role to lead Brand Partners into the most exciting and expansive era in Amare history.

“We are grateful for Asma Ishaq’s leadership and wish her continued success,” said Chung of Amare’s former CEO.

Amare Global’s mission is to lead the global mental wellness movement under Chung’s visionary leadership. Chung relays, “Amare is shifting into high gear. This is a moment of alignment, acceleration, and absolute belief in our purpose, our people, and our potential. Brand Partners, now is your time. This shift will create greater stability as we invest deeper, dream bigger, and execute bolder than ever before. This is more than a leadership transition—it’s a leadership elevation.”

A serial entrepreneur, Chung has an extensive track record of building brands, developing cutting-edge innovation, and leading high-performance teams. Chung will focus on expanding innovation, driving global growth, and deepening Amare’s impact as an industry leader.

About Amare Global
Amare Global® is recognized as a category leader in the mental wellness movement, offering innovative solutions informed by the powerful relationship of the gut microbiome and the gut-brain axis (GBX). Dedicated to quality and backed by award-winning US patented formulations, Amare Global is committed to delivering transformative solutions that foster love—Amare means “to love” in Latin.

Cboe Plans to Cease Japanese Equities Operations

  • Cboe will maintain presence in Japan for its Global Derivatives and Cboe Data Vantage businesses

CHICAGO and TOKYO, July 24, 2025 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its decision to wind down its Japanese equities business, including the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. Cboe expects to suspend operations for these businesses on August 29, 2025 and formally close the businesses subject to consultation with regulators.

The decision to close this business reflects Cboe’s disciplined strategy to steward resources towards opportunities that deliver the best potential returns for shareholders and was taken in the context of evolving business conditions, which challenged the financial sustainability of maintaining operations of Cboe’s equities business in the country.

“While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community by leveraging the strengths of our global derivatives and data capabilities,” said Craig Donohue, CEO at Cboe Global Markets. “As Japanese market participants continue to seek greater access to international markets, Cboe is well-positioned to meet that demand with our high-quality market data and suite of tradable derivatives products. We thank our partners, customers and stakeholders in Japan for their engagement and look forward to delivering value in new ways.”

The company anticipates that the wind down of the Cboe Japan equities operations will have an immaterial impact on Cboe’s organic total net revenue growth and adjusted operating expense guidance in 2025. The company estimates that adjusted expense savings will be in the range of $2 million to $4 million in 2025, with savings expected to be in the $10 million to $12 million range on a normalized annual basis. Cboe will provide more details during its forthcoming second-quarter 2025 earnings call on August 1, 2025. A conference call with remarks by the company’s senior management will begin at 7:30 a.m. CT (8:30 a.m. ET). A live audio webcast for the conference call and the presentation that will be referenced during the call will be available on the Investor Relations section of Cboe’s website at ir.cboe.com under Events.

About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Media Contacts

Analyst Contact

Angela Tu

Tim Cave

Kenneth Hill, CFA 

+1-917-985-1496

+44 (0) 7593-506-719

+1-773-758-7898 

atu@cboe.com 

tcave@cboe.com

khill@cboe.com 

Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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