US science agencies set for budget boost in deal to avert government shutdown

National Science Foundation | February 14, 2019

NASA, the National Science Foundation and the Environmental Protection Agency are among the agencies whose funding would increase. With less than two days to go before the US government runs out of money, lawmakers in Congress are scrambling to pass a budget deal that would give small increases to NASA, the National Science Foundation (NSF), the Environmental Protection Agency (EPA) and many other science agencies. The Senate and the House of Representatives approved the legislation on 14 February clearing the way for President Donald Trump to sign it before the 15 February deadline to avert a government shutdown. The measure would fund government operations until 30 September 2019, the end of the current budget year.

Spotlight

The continuing rise in textbook prices has become a major issue in higher education: according to the U.S. Government Accountability Office (GAO), textbook prices have risen at an average rate of six percent per year between 2002 and 2012. This is an astonishing rate – considering consumer prices in general rose only two percent over the same time period – and is causing higher education faculty, administrators, and students to look for ways to make textbooks more affordable.

Spotlight

The continuing rise in textbook prices has become a major issue in higher education: according to the U.S. Government Accountability Office (GAO), textbook prices have risen at an average rate of six percent per year between 2002 and 2012. This is an astonishing rate – considering consumer prices in general rose only two percent over the same time period – and is causing higher education faculty, administrators, and students to look for ways to make textbooks more affordable.

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EMERGING TECHNOLOGY

Raytheon Technologies-Led U.S. Army TITAN Program Selects C3 AI to Deliver Next-Generation AI/ML Ops

C3.ai, Inc. | July 11, 2022

C3 AI (NYSE: AI), the Enterprise AI software company, announced Raytheon Technologies has selected the C3 AI Application Platform to deliver next-generation AI and machine learning (ML) capabilities for a ready-now solution for the U.S. Army’s Tactical Intelligence Targeting Access Node (TITAN) program. The Raytheon Technologies team, led by Raytheon Intelligence & Space, is in competition to design TITAN to serve as the Army’s underpinning solution to enable multi-domain operations.TITAN is a tactical ground station that finds and tracks threats to support long-range precision targeting, further advancing the Department of Defense’s strategy for Joint Force C2 (JADC2) capabilities necessary to support U.S. national security interests. The C3 AI Application Platform will provide AI/ML model operations (ML Ops) for best-of-breed third-party models across the TITAN enterprise, including both cloud and intermittently connected edge environments. “This work combines Raytheon Intelligence & Space’s expertise in aerospace and defense with C3 AI’s proven expertise in enterprise AI to support critical national security interests through next-generation technology, We look forward to working with Raytheon Technologies to deliver this new AI-powered, mission-ready solution of the future.” -Thomas M. Siebel, Chairman and CEO of C3 AI TITAN will ingest data from space and high-altitude, aerial, and terrestrial sensors to provide targetable data to defense systems. It will also provide multi-source intelligence support to targeting, and situational awareness and understanding for commanders. Leveraging capabilities that support pattern-of-life sensemaking and automated target recognition, the TITAN solution will also help operators make sense of the massive amounts of data and prosecute a target with the appropriate solution. Effort sponsored by the U.S. Government under Other Transaction number W15QKN-17-9-5555 between the Consortium Management Group, Inc., and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Government purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government. About C3.ai, Inc. C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Application Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally. Learn more at: www.c3.ai.

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GOVERNMENT FINANCE

Canvass AI Accelerates Expansion with Completion of US $14.23 Million Series A Funding

FedDev Ontario | August 10, 2022

Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million) repayable loan from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Series A extension will fuel the company's mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI. "The completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented Canvass AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals, This additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies." -Humera Malik, CEO of Canvass AI. As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations. "Our government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The Government of Canada is proud to support tech companies like Canvass AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions." -Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario. Canvass AI's laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by Canvass AI's strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives, commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures. Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use Canvass AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption. About Canvass AI: Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing. About FedDev Ontario: For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region.

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

Webb Fontaine Awarded Contract with Benin Government for Implementation of New Customs System in Replacement of ASYCUDA World

Webb Fontaine | July 28, 2022

Webb Fontaine, a leading provider of advanced and innovative trade and Customs services, has announced it's Customs Webb solution has been chosen by Benin as their new Customs system, in replacement of ASYCUDA World. The project strengthens Webb Fontaine's long-standing partnership with Benin Government, who has ambitions to expand and develop into one of the region's most technologically advanced trade environments. The project continues towards a fully integrated approach to trade, interconnecting all major trade platforms such as the Single Window, the Port Community System, the e-Tracking solution and now through Customs Webb the Customs System. As a central and critical part of the trade environment, it is crucial and urgent for Governments to operate modern and efficient Customs Systems. "Customs Webb, Webb Fontaine's Customs system, based on artificial intelligence, was chosen by Benin to continue the modernization of customs and optimize the trade environment. Webb Fontaine's ability to provide cutting-edge technology and digital solutions is a guarantee of success. With this new system, the objective of the public authorities to make Benin an exemplary platform in the simplification and transparency of Customs clearance procedures has taken a major step forward. All economic players are supported by Customs as part of a successful partnership with the entire industrial, commercial and logistics community." -Alain HINKATI, Director General of Customs, Benin We are honoured to have been selected by Benin Customs for such an important project. The longevity of our partnership is a true testament to Benin's commitment to trade digitalization. Customs Webb is a powerful system that uses AI technology to fully digitise the entire clearance process. To implement Customs Webb will be a huge step forward in their mission and the impacts of such will be felt by the entire trade community. Samy Zayani, Chief Commercial Officer Webb Fontaine For Webb Fontaine, a successful track record demonstrates its ability to use AI to facilitate trade, secure revenue and reduce clearance times and costly congestion while greatly improving trade governance. About Webb Fontaine- Webb Fontaine is an AI company re-shaping the future of trade through technology. Trusted  by governments globally, Webb Fontaine provides industry wide solutions to accelerate trade development and modernization. The company uses unique technology including Artificial Intelligence to enable countries to emerge as leaders in the future of trade.

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