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IRCAI and AWS Expand the Compute for Climate Fellowship Program and Opens Applications for 2025

The program funds proof of concepts for new ideas leveraging advanced cloud computing, including generative AI, to solve some of the biggest challenges in the fight against climate change

LJUBLJANA, Slovenia, March 4, 2025 /PRNewswire/ — The International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, and Amazon Web Services, Inc. (AWS) today announced that applications are now open for the 2025 Compute for Climate Fellowship, a global program that fully funds research and development (R&D) projects from startups using advanced cloud computing and artificial intelligence (AI) to develop new solutions designed to help fight climate change. This year, the program is expanding to select 20 startups from around the world to get their proof-of-concepts built for free—up from eight in 2024 and four in 2023—with mentorship of AWS and IRCAI’s experts. 

IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025
IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025

“It wasn’t simple, but we managed to supercharge the startups with both resources and knowledge, and now we are taking it even further,” said Davor Orlic, Chief Operating Officer of IRCAI. “By expanding the Compute for Climate Fellowship, we are not only increasing the number of selected startups but also broadening the scope of climate solutions they can tackle, and the applicability of AI in the climate space. Innovation happens when bold ideas meet the right support, and we are committed to providing that foundation to drive real environmental impact.”

“With the effects of the climate crisis intensifying, it is imperative that we support the development of a broad set of approaches to bring new climate solutions to life—that’s why we are expanding the scope of the Compute for Climate Fellowship to accept a larger number of startups,” said Lisbeth Kaufman, Head of Climate Tech Startups Business Development at AWS. “From fusion energy, to smarter grids, to generative AI models to discover climate resilient plants, and deep-sea drones to map the ocean, we’ve seen how advanced cloud computing and AI can unlock new possibilities for a more sustainable future. We are doubling down in 2025, and providing more visionary founders the resources and mentorship they need to turn bold ideas into lasting impact.”

Applications for the 2025 Compute for Climate Fellowship will be open starting today until April 6, 2025. Climate tech startups, entrepreneurs, and researchers from around the world are welcome to submit ideas that leverage advanced computing technologies to address climate change mitigation or adaptation. In addition to the eight focus areas the fellowship has covered in the past—clean energy, low carbon transportation, sustainable agriculture and food, circular economy (industry and manufacturing), sustainable buildings, greenhouse gas management, carbon removal, and environment and climate risk (water, pollution, and biodiversity)—this year, the program is also expanding the scope of proposals to cover a new key area: Indigenous solutions to the climate crisis. 

Indigenous communities are disproportionately affected by climate change. At the same time, they often have holistic understanding of ecosystems and ancestral knowledge of harmonious practices of coexistence with nature and biodiversity, which makes the uniquely positioned to create innovative solutions to climate issues. The fellowship recognizes indigenous people as leaders in addressing the climate crisis and will support innovators in these communities in its 2025 cohort. 

Startups selected to participate in the Compute for Climate Fellowship, will receive funding, technical resources, mentorship, and access to both AWS technologies and IRCAI’s research capabilities in order to build their proof of concepts (POCs). This time, AWS will offer up to $4 million in AWS credits to support the build of selected POCs through the Compute for Climate Fellowship. The selection process will prioritize projects that can be completed in 2–3 months, think big, and offer potential for significant environmental benefits, scalability and alignment with the United Nations Sustainable Development Goals.

Lasting Impact Around the Globe

Among the 12 tech-forward startups that have participated in the Compute for Climate Fellowship since its launch in 2023 is RealtaFusion, startups incubated at the University of Wisconsin-Madison, which has built a fusion energy device that achieved a world record-breaking plasma generation last year—an incredible milestone in harnessing nuclear fusion as a new source of clean energy. “The Compute for Climate Fellowship has helped us accelerate the development of a first-of-its-kind plasma stability simulation, which had never been done in the cloud before the program,” said Kieran Furlong, CEO and Co-founder of Realta Fusion. “Only a handful of supercomputers in the world are able to handle these simulations, and the ones available to us had a long waitlist. The fellowship significantly accelerated our research and development.”

Based out of France, the startup Cosma is using underwater micro-drones and AI to deliver scalable, cost-effective environmental surveys for sustainable ocean management, providing high-resolution data for offshore energy and environmental consulting projects. “In addition to interacting with talented AI innovators from across the globe, the Compute for Climate Fellowship provided us with the cloud resources and expertise we needed to develop our first Rare Benthic Species detection algorithm. This proved a game changer in marine biology as it opened the door to quantitative inventory and repeatable monitoring of seabed biocenosis”, said Frédéric Mittaine, CEO and Counder of Cosma.

Startups that apply but are not selected to join the program will have access to up to $5,000 in AWS credits through the AWS Activate program, as well as free workshops and training on how to use AWS advanced computing services to build their solutions. They will also be invited to join the IRCAI Industrial Club.

Applications can be submitted here.

DXC and ServiceNow to Drive AI-powered Innovation for the Insurance Industry

 ServiceNow and DXC expand their strategic partnership to combine DXC’s industry-leading software and expertise with ServiceNow’s AI-enabled platform

ASHBURN, Va. and SANTA CLARA, Calif., March 4, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced new offerings with ServiceNow (NYSE: NOW), the AI platform for business transformation, to modernize the insurance industry. As an Elite partner, DXC is combining its industry-leading solutions and ServiceNow’s AI capabilities and workflows to introduce DXC Assure BPM (Business Process Management) powered by ServiceNow.

DXC Technology Company and ServiceNow
DXC Technology Company and ServiceNow

Today’s insurers are pressured to accelerate growth and innovation, streamline operations, and provide faster, more reliable services to policyholders, but are often constrained by processes and workflows that are complex and highly manual. According to HFS Research, 45% of insurers are already investing in technology-driven alignment of their front, middle, and back offices.

DXC and ServiceNow are uniquely positioned to help insurers drive innovation for greater operational efficiency.  Combining DXC’s insurance expertise and scale with ServiceNow’s single platform and data model, DXC Assure BPM powered by ServiceNow integrates AI, data and workflows to reduce process debt, enhance operational efficiency, and improve customer satisfaction. The solution applies across the entire policy lifecycle and is expected to help reduce up to 40% of operational costs typically spent on manual processing.

“We are committed to delivering exceptional value to our customers and accelerating business outcomes. Our expanded partnership with ServiceNow will combine our deep insurance expertise with ServiceNow’s advanced AI workflow technology to drive speed, agility and operational transformation for insurers,” said Ray August, President of Insurance Software and Business Process Services at DXC. “Together, we are shaping the future of the insurance industry.”

“Unifying ServiceNow’s AI and workflows with DXC’s deep insurance industry insight has the power to change insurance processes in ways never possible before,” said Erica Volini, executive vice president, worldwide industries, partners, and go-to-market at ServiceNow. “Together we’re helping accelerate transformation across carriers – bringing greater agility and speed to each and every process.”

Available today, Assure BPM powered by ServiceNow is an end-to-end insurance solution designed to support the full policy lifecycle, including policy administration, billing and payment, new business and underwriting, and claims management.  Key highlights include:  

  • Purpose-built, preconfigured workflows based on DXC’s 40+ years of insurance experience and ServiceNow’s AI and workflow technology. 
  • Fully integrated with DXC Assure Platform for advanced security, seamless integrations to many DXC insurance applications and enhanced data hub.
  • AI-driven, self-service portal for policyholders that delivers a personalized customer experience with faster, more accurate responses to questions. 
  • Enhanced AI capabilities to automate back-office policy administration and free up resources to focus on innovation and customer service.

For more information on the DXC Assure BPM powered by ServiceNow, visit www.dxc.com/lifeandwealth  

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.

Media Contacts: DXC Technology: Ashley Houk, Media Relations, Ashley.houktemple@dxc.com; Roger Sachs, Investor Relations, Roger.sachs@dxc.com; ServiceNow: Caroline Parkinson, Press@servicenow.com 

IRCAI and AWS Expand the Compute for Climate Fellowship Program and Opens Applications for 2025

The program funds proof of concepts for new ideas leveraging advanced cloud computing, including generative AI, to solve some of the biggest challenges in the fight against climate change

LJUBLJANA, Slovenia, March 4, 2025 /PRNewswire/ — The International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, and Amazon Web Services, Inc. (AWS) today announced that applications are now open for the 2025 Compute for Climate Fellowship, a global program that fully funds research and development (R&D) projects from startups using advanced cloud computing and artificial intelligence (AI) to develop new solutions designed to help fight climate change. This year, the program is expanding to select 20 startups from around the world to get their proof-of-concepts built for free—up from eight in 2024 and four in 2023—with mentorship of AWS and IRCAI’s experts. 

IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025
IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025

“It wasn’t simple, but we managed to supercharge the startups with both resources and knowledge, and now we are taking it even further,” said Davor Orlic, Chief Operating Officer of IRCAI. “By expanding the Compute for Climate Fellowship, we are not only increasing the number of selected startups but also broadening the scope of climate solutions they can tackle, and the applicability of AI in the climate space. Innovation happens when bold ideas meet the right support, and we are committed to providing that foundation to drive real environmental impact.”

“With the effects of the climate crisis intensifying, it is imperative that we support the development of a broad set of approaches to bring new climate solutions to life—that’s why we are expanding the scope of the Compute for Climate Fellowship to accept a larger number of startups,” said Lisbeth Kaufman, Head of Climate Tech Startups Business Development at AWS. “From fusion energy, to smarter grids, to generative AI models to discover climate resilient plants, and deep-sea drones to map the ocean, we’ve seen how advanced cloud computing and AI can unlock new possibilities for a more sustainable future. We are doubling down in 2025, and providing more visionary founders the resources and mentorship they need to turn bold ideas into lasting impact.”

Applications for the 2025 Compute for Climate Fellowship will be open starting today until April 6, 2025. Climate tech startups, entrepreneurs, and researchers from around the world are welcome to submit ideas that leverage advanced computing technologies to address climate change mitigation or adaptation. In addition to the eight focus areas the fellowship has covered in the past—clean energy, low carbon transportation, sustainable agriculture and food, circular economy (industry and manufacturing), sustainable buildings, greenhouse gas management, carbon removal, and environment and climate risk (water, pollution, and biodiversity)—this year, the program is also expanding the scope of proposals to cover a new key area: Indigenous solutions to the climate crisis. 

Indigenous communities are disproportionately affected by climate change. At the same time, they often have holistic understanding of ecosystems and ancestral knowledge of harmonious practices of coexistence with nature and biodiversity, which makes the uniquely positioned to create innovative solutions to climate issues. The fellowship recognizes indigenous people as leaders in addressing the climate crisis and will support innovators in these communities in its 2025 cohort. 

Startups selected to participate in the Compute for Climate Fellowship, will receive funding, technical resources, mentorship, and access to both AWS technologies and IRCAI’s research capabilities in order to build their proof of concepts (POCs). This time, AWS will offer up to $4 million in AWS credits to support the build of selected POCs through the Compute for Climate Fellowship. The selection process will prioritize projects that can be completed in 2–3 months, think big, and offer potential for significant environmental benefits, scalability and alignment with the United Nations Sustainable Development Goals.

Lasting Impact Around the Globe

Among the 12 tech-forward startups that have participated in the Compute for Climate Fellowship since its launch in 2023 is RealtaFusion, startups incubated at the University of Wisconsin-Madison, which has built a fusion energy device that achieved a world record-breaking plasma generation last year—an incredible milestone in harnessing nuclear fusion as a new source of clean energy. “The Compute for Climate Fellowship has helped us accelerate the development of a first-of-its-kind plasma stability simulation, which had never been done in the cloud before the program,” said Kieran Furlong, CEO and Co-founder of Realta Fusion. “Only a handful of supercomputers in the world are able to handle these simulations, and the ones available to us had a long waitlist. The fellowship significantly accelerated our research and development.”

Based out of France, the startup Cosma is using underwater micro-drones and AI to deliver scalable, cost-effective environmental surveys for sustainable ocean management, providing high-resolution data for offshore energy and environmental consulting projects. “In addition to interacting with talented AI innovators from across the globe, the Compute for Climate Fellowship provided us with the cloud resources and expertise we needed to develop our first Rare Benthic Species detection algorithm. This proved a game changer in marine biology as it opened the door to quantitative inventory and repeatable monitoring of seabed biocenosis”, said Frédéric Mittaine, CEO and Counder of Cosma.

Startups that apply but are not selected to join the program will have access to up to $5,000 in AWS credits through the AWS Activate program, as well as free workshops and training on how to use AWS advanced computing services to build their solutions. They will also be invited to join the IRCAI Industrial Club.

Applications can be submitted here.

Photo: https://laotiantimes.com/wp-content/uploads/2025/03/ircai_aws-1.jpg

 

Ascenda Appoints Industry Trailblazer Jan Wilken as Chief Product Officer

Former JPMorgan Chase and American Express executive brings over two decades of product and commercial leadership to loyalty-as-a-service company

NEW YORK, March 4, 2025 /PRNewswire/ — Ascenda, the industry leader in loyalty-as-a-service, today announced the appointment of Jan Wilken as Chief Product Officer. In this role, Wilken will lead the company’s loyalty ecosystem strategy to expand its customer engagement solutions and rewards propositions to drive growth for financial institutions and merchants worldwide.

“Jan brings to Ascenda a powerful combination of industry expertise, strategic vision and an unparalleled track record of building highly successful loyalty and customer engagement propositions. Through Jan’s leadership, we will accelerate our ability to deliver the best-in-market customer engagement solutions that maximize loyalty ROI for our clients and partners.” said Kyle Armstrong, CEO of Ascenda.

Prior to joining Ascenda, Wilken was a Managing Director at JPMorgan Chase, including roles as Head of Card Strategy and Product Owner for the Credit Journey and MyHome programs. He also held leadership positions at American Express across loyalty and co-brand partnerships, where he launched the first loyalty coalition in the U.S.

“Across the loyalty ecosystem, pressures are mounting from consumers and stakeholders alike for greater relevance, personalization and proven ROI. At Ascenda, we’re in a unique position to tap into this moment and redefine how financial institutions and merchants engage with their customers because of our holistic approach to driving results with innovative loyalty solutions,” said Wilken. “Our modern technology stack and exciting rewards content – which is being leveraged by some of the largest financial brands in the world – is designed to deliver delightful customer experiences that drive greater customer acquisition, share of wallet, and retention.”

About Ascenda
Ascenda delivers loyalty as a service for financial institutions and merchants globally, unlocking superior ROI across customer acquisition, engagement, and retention. With over a decade of proven results, an unrivaled roster of top-tier global clients, and enterprise-grade technology, Ascenda is trusted by leading brands to deliver growth outcomes, eliminate complexity, and create extraordinary customer experiences.

Huawei: Towards AI ON for New Growth in the AI Era

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — During the MWC Barcelona 2025, Bob Chen, President of Huawei Optical Business Product Line, proposed the evolution of optical networks towards AI Optical Network (AI ON) in the AI era. This transformation aims to provide 5A-quality connectivity, laying a robust foundation for AI growth and prosperity.

Bob Chen, President of Huawei Optical Business Product Line, proposing the "5A" criteria for next-generation optical networks
Bob Chen, President of Huawei Optical Business Product Line, proposing the “5A” criteria for next-generation optical networks

The AI era is defined by three key characteristics: AI application is everywhere, AI computing power is everywhere, and AI native is everywhere. These trends demand networks that can sense service types, deliver differentiated connectivity, and ensure optimal service experiences. Additionally, networks must provide deterministic connectivity to support flexible and efficient computing power scheduling, while also integrating AI capabilities to enhance both service quality and network efficiency.

Bob Chen emphasized that since the release of the target network for the AI era in 2024, Huawei has collaborated with global customers to drive continuous innovation. The next-generation evolution of optical networks, termed AI ON, is now clearer and is characterized by the following features:

  • Awareness: In the past, optical networks did not sense service types. Future optical networks need to accurately identify service types based on traffic patterns and flow directions, ensuring that bandwidth, latency, and reliability requirements are met. This enables networks to better understand and adapt to service needs.
  • Always On Demand: Unlike the past, where networks offered undifferentiated connectivity, future optical networks need to provide real-time, differentiated connectivity tailored to specific service demands. For instance, a gaming user can be offered a three-hour 1 Gbps bandwidth package.
  • Assurance: In the past, many factors such as network congestion, fault, and service increase may degrade the connectivity quality. In the future, optical networks need to guarantee high-quality connectivity regardless of network changes or service fluctuations, ensuring deterministic latency and zero packet loss for all services.
  • Autonomous O&M: In the past, network O&M was reactively performed after a fault occurred. Moving beyond the traditional mode of reactive maintenance, future networks need to proactively identify and mitigate potential risks before they impact users, achieving self-healing and optimization.
  • AI Native: Full-stack AI-native capabilities need to be embedded across network terminals, devices, and management systems, accelerating network intelligence. For example, AI computing power in ONTs/FTTRs will identify application types and enhance device performance using small models on terminals.

In closing, Bob Chen remarked that the AI represents a transformative shift in human society, offering unprecedented opportunities for the ICT industry. Just as 5A signifies the highest service quality in industries like hospitality and tourism, premium connectivity will be essential to seize these opportunities. Huawei is committed to collaborating with the industry to advance optical networks towards AI ON, deliver 5A-quality connectivity, and drive new growth in the AI era.

Milo Surpasses $65 Million in Crypto Mortgage Volume

Milo continues to lead in crypto financing, reinforcing real-world utility for digital assets.

MIAMI, March 4, 2025 /PRNewswire/ — Milo, a financial technology company and pioneer in crypto mortgage lending, has surpassed $65 million in total loan volume, highlighting the increasing demand for alternative financing. To date, Milo has originated over $250 million in mortgages across its various loan products, underscoring its expertise and the growing market interest in its innovative lending solutions.

“Our mission is to bridge digital assets with real estate and build long term wealth,” said Josip Rupena, CEO and founder of Milo. “For many of our clients, fiat liquidity alone isn’t sufficient to qualify for a mortgage. We’re proud to redefine mortgage eligibility by allowing their Bitcoin wealth to count. As Bitcoin demand continues to rise, our solution becomes even more essential, enabling our clients to keep their Bitcoin forever and finally buy a home.”

Milo offers up to 100% financing on home purchases, with loan amounts up to $5 million, eliminating the need for a cash down payment. By pledging digital assets as collateral, clients can invest in real estate while maintaining exposure to crypto appreciation. Milo safeguards client assets through industry-leading custodians Coinbase and BitGo while operating under strict regulatory oversight as a Soc2-compliant licensed lender.

Miami Mayor Francis Suarez, the first mayor to receive his salary in Bitcoin and secure a crypto mortgage, praised Milo’s innovation: “Milo’s crypto mortgage let me buy property without selling my Bitcoin. This is the future of finance, and it’s happening in Miami.”

Milo’s impact extends beyond home financing. Clients have built an additional $50 million in Bitcoin wealth by avoiding forced liquidations for down payments. The company has also returned over $30 million in Bitcoin to clients who have paid down or repaid their loans. Notably, Milo has never issued a margin call, even during extreme market volatility, underscoring its commitment to financial stability and responsible lending.

Expanding Crypto Lending Solutions

In addition to its crypto mortgage offerings, Milo recently introduced a crypto loan designed for digital asset holders seeking liquidity beyond mortgages. Soft-launched in Q4 2024 to its existing customer base, this product allows clients to borrow against their crypto holdings without selling, maintaining long-term investment potential. This expansion aligns with Milo’s vision of helping clients unlock financial flexibility while retaining ownership of their digital assets.

Looking ahead, Milo is preparing to introduce additional lending solutions that cater to the evolving needs of digital asset investors. As the crypto market matures, Milo remains committed to pioneering innovative financial products that integrate digital assets into everyday financial decisions.

About Milo

Milo is a financial technology company reimagining access to financial solutions for digital asset holders. Leveraging proprietary technology and deep industry expertise, Milo created the first crypto mortgage and has originated millions in loans, providing real-world utility for crypto investors. Milo’s investors include M13, QED Investors, Metaprop, 10X Capital.

For more information, visit www.milo.io.

Media inquiries, info@pitchpublicrelations.com or press@milo.io.

Comviva Launches Next Gen MobiLytix Rewards to Deliver AI-led SaaS Loyalty Platform

–  Powered by AWS’ secure and scalable cloud infrastructure, the end-to-end solution enables CSPs, Retail, and BFSI to drive reward-based promotions and loyalty programs
–  Delivers personalized reward recommendations and tailored communications based on individual customer behaviors that drive customer engagement.

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of MobiLytix™ Rewards 5.0, a unified AI-driven SaaS Loyalty Platform, which accelerates the application of AI for loyalty and enables seamless execution of loyalty programs with gamification and personalization across digital channels. MobiLytix™ Rewards is an end-to-end solution for CSPs, Retail and BFSI to deliver reward-based promotions and loyalty programs to consumers, enterprises, and employees.

The new-age SaaS loyalty platform offers a dynamic, data-driven approach with seamless integration across web, mobile, and in-store channels, building lasting customer relationships. The platform serves as a powerful tool for fostering customer retention and driving revenue growth. Built on AWS’ secure and flexible cloud infrastructure, the platform will ensure data security and privacy, providing transparency and trust in the loyalty program’s transactions and customer interactions.

The MobiLytix™ Rewards platform enables tailored programs offering real time points, instant rewards, dynamic tier configuration, multiple wallets, gamification, robust dashboards, flexible reporting, and rewards across many categories. This is an industry agnostic platform that caters to simple and complex use cases across the customer lifecycle; acquisition, engagement, retention and brand advocacy.

Amit Sanyal, EVP & COO, Martech Solutions at Comviva, said, “We are proud to unveil our Next Gen MobiLytix Rewards, a game-changing solution that leverages advanced AI capabilities to transform the loyalty landscape. This launch underscores our commitment to providing clients with state-of-the-art tools that drive customer engagement and create meaningful, personalized experiences. By integrating AWS cloud infrastructure, MobiLytix Rewards 5.0 ensures a robust and scalable platform for fostering deep customer relationships globally.”

Commenting on the success of its loyalty program, Michael Wright, CEO of Gourmet Food Stores, Egypt, said, “We introduced a strategically designed, dynamic tiered loyalty program powered by Comviva’s MobiLytix Rewards and hosted on AWS Cloud, delivering exceptional results. By offering hyper-personalized experiences and enhanced value, the program has strengthened customer engagement, elevated brand perception, and driven significant revenue growth.”

Comviva was recently named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report. Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization and contextualized customer experiences.

The MobiLytix™ Rewards platform currently serves over 120 million end customers, with a vast global rewards catalog spanning over 10 million items. The platform is deployed across 15 countries and issues more than 8 billion reward points weekly, marking its global impact and reach.

 

Xinhua Silk Road: Over 40,000 purchasers projected to attend 33rd East China Fair in Shanghai

BEIJING, March 4, 2025 /PRNewswire/ — More than 40,000 domestic and foreign purchasers are projected to attend the 33rd East China Fair (ECF), which is being held in east China’s Shanghai from March 1 to 4.

The fair is jointly organized by the commerce authorities from cities and provinces in east China, including Shanghai, Nanjing and Ningbo as well as the provinces of Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi and Shandong. Since its inception in 1991, it has become an important barometer of China’s foreign trade.

Covering 115,000 square meters, this year’s fair features over 5,100 booths across six themed sections of garments, textiles, home products, gifts, cross-border e-commerce, and overseas products.

About 3,000 export enterprises from the nine eastern cities and provinces are participating in the fair, aiming to seize new opportunities in foreign trade.

Shanghai Silk Group Co., Ltd. has once again brought its women’s clothing brand LILY to the ECF this year. Calvin Chen, director of LILY brand’s international business, noted that many of the clothes showcased at the fair would become available in stores in Southeast Asia and other regions as early as the end of March.

Many attending foreign trade enterprises exhibit innovative products and items tailored to niche market demands.

For instance, Jiangxi Daishing POF Co., Ltd. has presented its “luminescent” fabrics, which are woven from plastic optic fibers and yarns. Products made from this material, such as baseball caps and pet clothing, will emit light in the dark, thus enhancing safety during nighttime.

He Jian, who is in charge of the company’s business, said that the company developed around 20 to 30 new clients in the 32nd ECF and received inquiries from dozens of customers shortly after the 33rd ECF kicked off.

Innovation in trade has made China’s exports more resilient, said Ji Shengjun, president of the Shanghai Chamber of Commerce for Import and Export. He added that the proportion of high-tech-intensive industry exports in the total is on the rise.

Original link: https://en.imsilkroad.com/p/344658.html