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Global Times: Digitization brings ancient treasures alive as China celebrates Cultural and Natural Heritage Day

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BEIJING, June 5, 2024 /PRNewswire/ — When the metaverse meets museums, visitors are able to travel to the past to build ancient buildings, travel with ferocious wild beasts like lions and white elephants in Chinese legends.

Digital displays of cultural relics have increasingly become an important way to bring cultural relics back to life. With advances in modern technology, digitization is no longer limited to simple screens that bring pictures of relics to visitors, but now includes high-tech means such as the metaverse, AI-generated content and interactive experiences that bring visitors into the world of cultural heritage.

Cultural relics impart the brilliance of China’s civilization, culture and legacy, bonding Chinese people together with the strong ethos they embody. They are a valuable legacy from our ancestors and protecting them will benefit future generations.

Various advanced means and efforts across the country have been made to protect, develop and utilize fine traditional Chinese culture, in a bid to increase cultural confidence and foster the country’s national spirit.

As China celebrates the Cultural and Natural Heritage Day on Saturday, Global Times reporters Xu Liuliu and Chen Xi talked with experts at a number of China’s museums, relic sites and more to explore how advanced digitization has benefited the country’s cultural relic preservation efforts and further development. 

In the West, it is one of the most well-known Chinese cultural heritages and sometimes seen as one of the Seven Wonders of the World. The legacy continues as it appears in various American TV series and movies from time to time, on the box of Chinese takeout as an icon of Chinese cultural element.

This is the Porcelain Pagoda of Nanjing, one of the wonders of the medieval world in the former Bao’en Temple, or Temple of Repaid Gratitude in ­Chinese. The pagoda was built in the 15th century on the southern bank of the Yangtze River.

Thousands of kilometers away, the Great Pagoda at Kew still stands in London, acting as a window on Chinese culture for millions of visitors in the UK. Sir William Chambers visited China twice and his great pagoda designs for the royal family were influenced by prints he had seen there of the famous Porcelain Pagoda of Nanjing.

However, the pagoda was mostly destroyed in the 19th century because of war. Fortunately, the underground palace beneath the temple escaped the misfortune and remains intact. An archaeological excavation in 2008 discovered Buddhist relics in the underground palace while a glass and steel tower based on the original pagoda was built and opened to public in 2015.

With the help of a digitization project, the original nine-story high tower covered with colorful glazed tiles can be seen again in high-definition videos, standing just as it did after it was built during the Ming Dynasty (1368-1644).

“Fast developing technology, including digitization, has opened many possibilities to help us protect our heritage site and bring cultural relics back to life,” Wang Wenxi, curator of the Nanjing Great Bao’en Temple Ruins Museum, told the Global Times.

As the pagoda had been destroyed, it was a challenge for the museum to stay relevant as the pagoda seemed to be nothing but a story from the past for people today.

“It is a tough and hard process and common issue faced by many heritage sites in China and even around the world,” said Wang, whose team has been exploring new ways to promote the site.

Besides the digital recreation of the Porcelain Pagoda, virtual technology has been introduced to generate a metaverse space at the Great Bao’en Temple Ruins Museum, through which visitors can enter a metaverse museum to explore a digitally restored pagoda.

“In the digital world, the restoration of the pagoda and interactive experiences will help visitors connect with their heritage and better feel the splendid culture of Nanjing,” noted Wang.

“It brings this historical and national treasure of China back to life.”

Walking into the Great Bao’en Temple Ruins Museum, visitors no longer need to search for information online. Instead, they can “talk” to “Dragon Girl,” an intelligent curator based on large language models, at any time and enjoy a “private” tour. Through an interactive AR program, they can also connect all the spots in the museum together.

What’s more, in Wang’s view, museums carry a message about recognizing China’s values of innovation and peace. The museum has worked with various universities on historical research, architecture, digitization and more.

From the colored glaze porcelain wares in the Ming Dynasty to the cultural exchanges centered around the Great Bao’en Temple, “We have much more to do and much is waiting for us to do.”     

Creative expressions

As European travelers like Johan Nieuhof visited the tower in the mid-1600s and made it known to the world, the museum hopes to have more projects that can continue this global connection and promote it as a cultural symbol of China.

The Digital Heritage Immersive Cultural Heritage Innovator Contest is part of this effort. According to Hu Lei, a deputy manager of the Digital Creativity Department at the museum, young people from 34 cities of 13 countries have participated in the contest, using immersive experiences and innovative digital technology to interpret and tell the stories of lost cultural heritage.

“It can arouse the public’s interest of heritage and present creative expressions from the perspective of young people,” said Hu.

The contest is also an exchange platform for technicians and content makers, as the technical team can pay more attention to content and learn to tell good stories, while the content team can learn more about cutting-edge technologies.

“It is a win-win solution for the protection, display and education of the cultural heritage,” said Wang.

The digital preservation of China’s ancient grottoes has become a subject of global interest, as Chinese digital conservation teams utilize cutting-edge technologies to restore the original splendor of these ancient caves and their murals with high precision. This allows people from around the world to transcend time and space and experience the vast beauty of grotto culture, including the ­well-known Yungang Grottoes in North China’s Shanxi Province and Dunhuang Mogao Caves in Northwest China’s Gansu Province.

Restoring a legacy

Sun Bo, a staff member from the Yungang Research Institute’s cultural heritage protection and monitoring center, told the Global Times that the current restoration and protection efforts at the Yungang Grottoes have evolved from technological conservation to digital conservation. The establishment of a digital laboratory at the Yungang Research Institute aims to collect data and use computers to select the materials and restoration methods that will cause the least damage to the grottoes.

“The restoration of the Yungang Grottoes cannot be stopped, but minimizing harm during the process is an art in itself. The digital laboratory can assist staff in choosing optimal methods, highlighting another significant role in cultural heritage digitization,” he said, adding that the ongoing ­digital information collection at the Yungang Grottoes will provide significant support for their long-term preservation.

During the data collection process, the team can identify subtle damage and potential risks to the grottoes and statues, which helps with timely restoration and mitigation. Subsequently, the collected high-precision data and information will be processed using digital technology, “recreating” the Yungang Grottoes in a database to provide robust data and visual support for grotto conservation, restoration and even reconstruction.

Media reported that the digitization of the Yungang Grottoes, which boasts more than 59,000 complex and exquisitely carved statues of varying sizes, has resulted in a massive volume of data that will require a considerable amount of time to digitally process.

“The ongoing digital efforts are building a solid foundation for the precise, permanent preservation, and sustainable use of information about the Yungang Grottoes,” Hang Kan, head of the research institute of the Yungang Grottoes, told the Global Times, adding that two-thirds of the digital information collection work for the grottoes has been completed.

The digitization of the Dunhuang Mogao Caves has also achieved commendable results.

In May 2016, the “Digital Dunhuang” resource library was officially launched. It shares high-definition images of mural and textual explanations of 30 caves around the world. Users from nearly 80 countries and regions use the platform, which has garnered more than 22 million visits, the Guangming Daily reported.

“Digitization has allowed cultural relics to leave museums and reach every corner of the world, stimulating people’s desire to see the actual artifacts on-site,” Su Bomin, chief of Dunhuang Research Institute, told the Global Times.

In April 2023, the “Digital Cave of Scriptures” created by the Dunhuang Research Institute was officially launched, attracting more than 14 million users within a week. With the release of the international version of the “Digital Cave of Scriptures,” overseas users can “travel through” the cave with a single click and appreciate the Chinese civilization represented by Dunhuang.

Currently, the Dunhuang Research Institute’s digital center has gathered 110 professional technicians from various disciplines, including computer science, photography, art design, video direction and animation, forming an interdisciplinary team of cultural heritage protection talents.

The Dunhuang Research Institute’s digital cultural heritage protection team also shared the successful experience of carrying out similar “digital Dunhuang” projects with other countries, including Myanmar, whose Thatbyinnyu Temple was under threat after a severe earthquake.

“The dissemination of Dunhuang culture can allow people from all over the world to understand that China, past to present, has emphasized ­multicultural exchanges and promoted the spirit of mutual learning,” Su said.

View original content:https://www.prnewswire.com/news-releases/global-times-digitization-brings-ancient-treasures-alive-as-china-celebrates-cultural-and-natural-heritage-day-302164304.html

SOURCE Global Times

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Cboe Clear U.S. Receives SEC Approval to Expand Clearing Capabilities

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SEC registration enables Cboe Clear U.S. to clear binary securities options alongside futures, positioning it to support innovation across the market

CHICAGO, Oct. 23, 2026 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced that Cboe Clear U.S., LLC (CCUS) has received temporary registration from the U.S. Securities and Exchange Commission (SEC) to operate as a Covered Clearing Agency.

The registration expands CCUS’s clearing capabilities beyond its existing authorities as a Commodity Futures Trading Commission (CFTC)-registered Derivatives Clearing Organization (DCO) to clear securities products in addition to futures and swaps products. Together with recent enhancements to its regulatory framework and product scope, the milestone positions CCUS to support innovation and emerging opportunities across a broad range of assets and markets.

CCUS will initially use its SEC registration to clear Cboe’s binary securities options tied to specified corporate key performance indicators (KPIs), which are planned to list on Cboe Options Exchange and be available on Robinhood in the fourth-quarter 2026. CCUS also recently received CFTC approval to clear margined futures broadly and continues to clear digital asset derivatives under its DCO designation.

“Clearing plays a critical role in bringing innovation to market,” said Dale Michaels, Head of Cboe Clear U.S. “These expanded capabilities position Cboe Clear U.S. to become an innovation lane to support new products and meet evolving customer needs, while maintaining the rigorous risk management standards that are fundamental to our business.”

These efforts complement Cboe’s longstanding partnership with The Options Clearing Corporation (OCC)® and Cboe’s continued commitment to supporting the established clearing infrastructure for traditional equity options.

The development builds on the growth of Cboe’s established European clearing business, where Cboe Clear Europe has become the leading pan-European equities central counterparty, while expanding into new services such as securities financing transaction clearing. Together, these advances demonstrate Cboe’s ability to extend its clearing capabilities across markets and asset classes.

To support its own future growth, CCUS has strengthened its infrastructure over the past year, including electing in June to become a Subpart C DCO. In doing so, CCUS is voluntarily adopting the enhanced standards the CFTC applies to systemically important DCOs for financial resources, risk management and operational resilience, aligning with those applied to leading global clearing organizations.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world’s first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world’s leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.

Cboe Media Contacts

 

Cboe Analyst Contact

 

Angela Tu

+1-646-856-8734

atu@cboe.com

Tim Cave

+44 (0) 7593-506-719

tcave@cboe.com

Kenneth Hill, CFA

+1-312-786-7559

khill@cboe.com

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Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC. 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 and new products and services 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 business and operational 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, wind downs, divestitures, 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, liquidity, market, investment, counterparty, 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; 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, 2025 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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SOURCE Cboe Global Markets, Inc.

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Hears Everything, Uploads Nothing: VoxNexus Launches Android’s First Low-Power On-Device Always-On Voice Artificial Intelligence (AI)

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VoxNexus’ new on-device ambient listening solution runs for 12 hours on 2.49% of a phone’s battery and never sends audio to the cloud

MADRID, Oct. 23, 2026 /PRNewswire/ — VoxNexus (www.VoxNexus.ai) released VoxEdge, an on-device voice stack that brings speech recognition, translation and speech synthesis to affordable Android devices, entirely offline. VoxEdge supports speech recognition in 36 languages, translation in 103 languages, and speech synthesis in 45 languages—all running with no connection, no data bundle, and no cloud token bills.

AI should work for everyone, not just for speakers of a handful of mainstream languages. Yet across much of Africa, voice AI has been held back by scarce training data and the lack of targeted fine-tuning. Everyday speech also includes code-switching and dialect variation, while cloud-based inference costs can make deployment at scale expensive. 

VoxNexus’s solutions run entirely on device, and every query is free once the model is installed on the device. Its speech recognition model has as few as 65 million parameters and achieves a lower word error rate than open-source models nearly ten times its size.

“Under-resource languages aren’t small languages. Hundreds of millions of people speak them. Until now, AI models just haven’t learned them yet,” said Charles Shi, CEO of VoxNexus.

VoxNexus also launched VoxSense, an on-device ambient listening solution that uses only 162 mAh for 12 hours of continuous listening, around 2.5% of a 6,500 mAh phone battery. By keeping all processing on device, VoxSense makes always-on listening practical without draining the battery and without sending any audio to the cloud. Developers and device makers can easily integrate it through a license and a simple SDK. Developers can request a free trial here: www.VoxNexus.ai.

VoxSense and VoxEdge were unveiled at the MediaTek Dimensity 9600 launch in Madrid on October 19.

Distributed by APO Group on behalf of VoxNexus AI. 

About VoxNexus:
VoxNexus builds AI that hears and speaks — for everyone, everywhere, all the time. Its audio intelligence runs entirely on-device, delivering low latency, built-in privacy, and zero token cost across any device with a chip. VoxNexus is headquartered in Singapore. Website: www.VoxNexus.ai. Contact: public@voxnexus.ai  

VoxNexus demonstrates live on-device speech recognition at the MediaTek Dimensity 9600 launch in Madrid on Oct. 19, 2026. Spanish and English conversations were transcribed in real time on the phone, with no cloud connection. (Photo: VoxNexus) 

Speaks Your Language, No Internet Needed: VoxNexus Brings On-Device Voice Artificial Intelligence (AI) in 100+ Languages to Affordable Android Devices

View original content:https://www.prnewswire.com/news-releases/hears-everything-uploads-nothing-voxnexus-launches-androids-first-low-power-on-device-always-on-voice-artificial-intelligence-ai-302918304.html

SOURCE VoxNexus AI

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team.blue extends €1.1 billion of its Term Loan B to 2032 in the largest software Euro term loan issuance in the last 12 months

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GHENT, Belgium, Oct. 23, 2026 /PRNewswire/ — team.blue, a leading pan-European provider of digital solutions for small and medium-sized businesses (SMBs) backed by Hg, CPP Investments and Sofina, today announces the successful pricing of an amendment and maturity extension for €1.1 billion of its existing €1.35 billion Term Loan B. The transaction priced on 22 October 2026, with the refinanced tranche extended from September 2029 to July 2032, reinforcing the Company’s prudent capital structure approach.

Strong demand from a broad group of institutional investors enabled team.blue to upsize the transaction twice in-market, taking the final deal size to €1.1 billion from a minimum initial launch size of €500 million, despite recent credit market volatility. Pro forma for the transaction, c.90% of team.blue’s term debt now matures in 2032.

The transaction comes at a time of significant momentum for team.blue, with continued double-digit revenue growth and strong cash generation supporting its deleveraging trajectory. Its products help Europe’s SMBs get online, get customers, get paid and stay compliant, and AI-enabled products are increasingly driving new customer growth. team.blue continues to innovate across its portfolio, from smarter tools within its brands to secure European cloud hosting built for customers’ growing AI workloads. Its category-leading SaaS brands are also integrating with leading AI assistants, bringing team.blue’s products to customers wherever they work.

Transaction highlights

The largest software Euro term loan issuance in the last 12 months€1.1 billion Term Loan B, borrowed by team.blue Finco S.à r.l., maturing July 2032Priced at E + 425bps with a 0% floor and an OID of 98.5Upsized twice from an initial €500 million, reflecting a heavily oversubscribed order bookCorporate and facility ratings of B3 (Moody’s) and B (S&P), both with stable outlooksBofA acted as Global Coordinator and Left Lead Physical Bookrunner, alongside Barclays. ABN AMRO, BNP Paribas, Citi, ING and J.P. Morgan acted as Bookrunners

Jonathan Thackray, Chief Financial Officer of team.blue, said:
“We set out to extend €500 million of our Term Loan B, and the depth of support from our institutional investor base allowed us to go much further. This reflects confidence in team.blue’s highly recurring, cash-generative model and our position as a leading digital partner for Europe’s SMBs. It gives us the flexibility to keep innovating and investing in the digital and AI-enabled tools our customers rely on.”

About team.blue
team.blue is the pan-European digital partner for small and medium businesses, serving more than 3.5 million customers in 24 countries. From web hosting, domains, email and cloud and AI infrastructure to e-commerce, engagement, payments and compliance tools, team.blue helps SMBs get online, get customers, get paid and stay compliant. Supported by more than 4,000 employees, team.blue’s vision is to make online business success simpler, with artificial intelligence at every step. 

View original content:https://www.prnewswire.co.uk/news-releases/teamblue-extends-1-1-billion-of-its-term-loan-b-to-2032-in-the-largest-software-euro-term-loan-issuance-in-the-last-12-months-302918306.html

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