Technology

Tuya Smart Leads Industry Innovation with Groundbreaking Generative AI Integration

Published

2 years ago

June 7, 2024

NEW YORK, June 7, 2024 /PRNewswire/ — On May 29, 2024, Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, hosted the 2024 TUYA Global Developer Summit in Futian, Shenzhen. The summit featured a collaboration with industry leaders through a series of themed forums. The main forum was structured into two sessions, the first focusing on “GenAI+IoT: Driving Smarter Spaces,” which emphasized the integration of emerging technologies like GenAI with smart devices to foster a low-carbon and intelligent living environment, thereby paving the way for a more sustainable future.

The forum attracted esteemed participants such as Zoltán Karászi, Managing Director of TAM Cert; Dr. Yaxiao Liu, CTO of AWS GCR; Kaixin Lin, Consultant for the Climate and Environment Programme at the United Nations Global Compact; Leo Chen, Co-Chairman and President of Tuya Smart; Eva Na, Vice President of Marketing and Strategic Cooperation and CMO of Tuya Smart; Mengrou Deng, Developer Platform Product Head; and Will Yu, Chief AI Scientist and Head of Tuya Smart’s AI Algorithm Research Center. Together, they delved into the innovative applications of GenAI and the practical implementations of sustainable development.

Alongside the rise of large language models and the accelerating singularity in AI development, various industries are undergoing a technological revolution. As a trailblazer in smart technology, Tuya Smart is actively integrating GenAI and achieving significant progress in intelligent device experiences and AI spatial scenarios. This progress is rapidly propelling advancements in device smartization, spatial smartization, and intelligent solutions, offering customers and users cutting-edge GenAI product value. During the main forum, Tuya Smart shared and elaborated on its latest technological advancements.

At the commencement of the summit, Leo Chen, Co-Chairman and President of Tuya Smart, delivered opening remarks. He stated, “The industrial revolution spurred by technological advancements is profoundly transforming the industry’s landscape and fostering novel business prospects. Generative AI’s catalytic effects are poised to unleash a plethora of innovative product experiences, application scenarios, and business models. As a pioneer and advocate of intelligent industry, Tuya is wholeheartedly embracing cutting-edge technologies, including generative AI, with a dedication to streamlining research and development processes for global developers, elevating product smartness, and fostering innovative AI applications across a diversity of industries. We remain committed to offering comprehensive intelligent solutions and robust platform support to global developers.”

In recognition of its remarkable achievements in data protection, Zoltán Karászi, the Managing Director of TAM Cert, granted TUYA GmbH the Europrivacy GDPR certification. This certification, as the sole data protection seal authorized for use across the European Union, is endorsed by the European Commission of Data Protection and aligns with the provisions of the General Data Protection Regulation. This attestation validates that, as outlined in Article 42 of the GDPR, TUYA GmbH’s certified data processing operations adhere to the necessary requirements in all EU nations. Notably, TUYA GmbH is the first enterprise globally to receive this certification since the inception of the Europrivacy GDPR certification scheme, which grants the only data protection seal that is valid across all EU countries.

Subsequently, in a thorough exploration of Tuya’s AI capabilities, Mengrou Deng delivered a captivating speech titled “AI-Led Exploration: A New Future”. In her speech, Deng, the Developer Platform Product Head, emphasized that “Tuya, an open and neutral cloud developer platform, remains steadfast in its commitment to providing innovative, low-threshold solutions, software applications, and intelligent products to developers worldwide. With the aid of GenAI technology, our cloud developer platform has undergone a significant upgrade, introducing developer AI agents, AppAI smart home models, AI consumer insights, and AI entity development platforms that can interact with smart devices. These advancements have not only bolstered our product capabilities but have also brought an unparalleled intelligent, convenient, and streamlined development experience to developers globally.”

Will Yu, Chief AI Scientist and Head of Tuya Smart’s AI Algorithm Research Center, presented his expert perspective on AI large language models in a speech titled “Cube Cloud & Space Model”. Yu stated, “The emergence of scene-specific smart models is a pivotal breakthrough for enterprises to integrate large language models and drive application innovation. Recognizing this trend, Tuya has unveiled its first AI large language model, Cube AI. By harnessing the power of this model, Tuya enables developers to create intelligent solutions such as energy-efficient buildings and enhanced life safety. Furthermore, leveraging Tuya’s Cube Cloud product matrix, we can help global developers to establish their own private smart management platforms that will enable them to efficiently address challenges such as unified management in enterprise layouts and mismatched project progress. This, in turn, will propel enterprises towards more flexible and tailored industry scenario applications.”

Dr. Yaxiao Liu, CTO of AWS GCR, spoke about the topic “AI Empowerment: Ushering in a New Era of IoT.” He stated, “In the current landscape, GenAI technology is advancing rapidly. For enterprises, GenAI not only reduces the cost of AI innovation but also significantly expands the boundaries of possibility. The seamless integration of GenAI and IoT technology promises to enhance customers’ intelligent experience and strengthen device network capabilities. It is clear that harnessing GenAI to drive application innovation will become a dominant trend in the future. AWS and Tuya will collaborate to empower enterprises in IoT industry for developing their own GenAI applications, thus accelerating their foray into the promising realm of intelligent IoT.”

As intelligent technologies like AI, IoT, and cloud computing continue to evolve, social productivity has experienced a significant improvement. While economic gains are crucial, societal benefits are equally as important. Especially under the commitments of the “dual carbon” target, enterprises must aspire towards long-term sustainable development, simultaneously embracing ESG principles and fostering a more intelligent, green, and user-friendly business environment.

Eva Na, Vice President of Marketing and Strategic Cooperation and CMO of Tuya Smart, outlined the roadmap for global sustainable development for developers worldwide, urging them to become active contributors to ESG practices. She emphasized, “The essence of ESG is the alignment and synchronization of social values and commercial values, which fosters a mutual enhancement of both in various aspects of enterprise operations. In order to enable developers globally to achieve sustainable development with minimal obstacles, Tuya remains committed to refining and advancing cutting-edge technologies and solutions like GenAI, ensuring intelligence is integrated into every scenario. Looking ahead, Tuya will adhere steadfastly to its founding principles, forge deep ties with all stakeholders in sustainable development, and collaborate to accelerate the creation of a greener, more user-friendly, and more intelligent world.”

Kaixin Lin, Consultant for the Climate and Environment Programme at the United Nations Global Compact, remarked, “The ten principles of the United Nations Global Compact span the domains of environment, human rights, labor, and anti-corruption. Over time, these principles have evolved into sustainable development and ESG standards across various sectors, encompassing net-zero initiatives and corporate objectives. As ESG concepts continue to gain traction after two decades of usage, we encourage more participants to harness the power of business for good, persist in executing innovative, inclusive, and green endeavors, and implement responsible business strategies.”

At the summit, Eva Na, Vice President of Marketing and Strategic Cooperation, and CMO of Tuya Smart, collaborated with key figures from various organizations, including Kaixin Lin, Consultant for the Climate and Environment Programme at the United Nations Global Compact, Qian Wang, Deputy Director of the New Energy and Low Carbon Development Research Center of China (Shenzhen) Comprehensive Development Research Institute, Zigao Zhao, Deputy Editor in Chief of Energy Magazine, Xudong Liu, General Manager of Ascendas One Hub GKC of Kaide Investment (China), Tiangang Qin, Director of Lenovo Group, Weiwei Xie, Vice President and General Manager of the New Energy Division of the Goneo Group, Martin Li, Ph.D, Deputy General Manager of ESS BU of Geely Viridi Energy Mobility Technology, and Dr. Yaxiao Liu, CTO of AWS GCR. Their joint efforts focused on addressing critical ESG (Environmental, Social, and Governance) issues. Through the Sustainable Joint Initiative Ceremony, these leaders demonstrated their commitment to green and low-carbon development, and pledged to actively work towards sustainable development and zero carbon emissions goals.

With the conclusion of the first half of the summit, Tuya highlighted its innovative capabilities and strategic vision in the GenAI (Generative Artificial Intelligence) field. Over the course of several presentations on various themes, Tuya showcased intelligent solutions and products that aim to guide the industry towards a smarter, more environmentally friendly and sustainable future. As the AI era advances, Tuya remains dedicated to exploring the boundless potential of intelligent technology alongside global developers.

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SOURCE Tuya Smart

Technology

Lovey announces £250m senior secured credit facility with Pollen Street Capital

Published

11 minutes ago

October 27, 2026

UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited):
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours.

Website: www.lovey.com

Pollen Street Press Office:
FGS Global
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com

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Technology

Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

Published

11 minutes ago

October 27, 2026

BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

Published

11 minutes ago

October 27, 2026

Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.”

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.”

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

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SOURCE IBS Software