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AI-Powered Construction Data Platform, PinPoint Analytics, Secures $3.2MM Investment Led by HG Ventures

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2 years ago

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AI startup poised to transform $200B+ construction industry

MANALAPAN, N.J., Sept. 16, 2024 /PRNewswire-PRWeb/ — PinPoint Analytics, a startup that harnesses the power of artificial intelligence (AI) to streamline the road construction industry’s bidding and estimating process, has secured $3.2MM in seed funding. The funding round was led by HG Ventures, the corporate venture arm of The Heritage Group, and Compose VC participated.

Contractors can save hundreds of hours on the typical estimating process and still deliver a bid that has the lowest overall cost while optimizing margin.

Contractors in the $200B+ construction industry have long struggled to access and leverage the massive amount of valuable data buried in historical project bids and elsewhere in ways that would enable them to prepare more accurate competitive bids for infrastructure and building projects. PinPoint Analytics solves this challenge by using historical bid results and advanced algorithms to analyze millions of data points, enabling users to optimize their cost estimates.

Better Data for a Better Bid Process

The PinPoint Analytics platform analyzes and makes recommendations based on variables including materials, labor, equipment, supply chain logistics, and competitor analysis, automatically adjusting for seasonality, geography, and market conditions.

Contractors can save hundreds of hours on the typical estimating process and still deliver a bid that has the lowest overall cost while optimizing margin. Meanwhile, government agencies and their engineering partners using the platform can efficiently put together project budgets with accurate real-time trend analysis, cutting down on inaccurate estimates and costly delays and re-bids.

PinPoint Analytics was co-founded by CEO Jim Carr, a seasoned entrepreneur with multiple successful startup exits. Carr has two decades of startup and professional experience in data and analytics and is complemented both by his team of experts in the heavy construction industry as well as that of The Heritage Group. Long time advisor, Mark Zuradai, is moving into a full-time role as Chief Operating Officer, leveraging his vast entrepreneurial experience in product, tech, artificial intelligence, and sales and marketing.

“Until now, construction companies’ estimating teams have had to make do with a labor-intensive process that relies on human judgment to fill in the gaps in the available data,” said Carr. “Our platform leverages all the recent advances in AI and machine learning to remove the guesswork, saving a massive amount of time, producing higher quality estimates in a matter of minutes.”

HG Ventures Managing Director, Kip Frey, will take a seat on the PinPoint Analytics board. “We are always seeking investments with the potential to transform the industries in which The Heritage Group operates, and PinPoint Analytics is a great example of that,” said Frey. “We have long understood that the use of machine learning is critical to the future success of the construction industry, but existing software solutions only provide a partial picture. PinPoint’s advanced algorithms change the game, and we see huge advantages for the whole sector.”

About PinPoint Analytics

PinPoint Analytics is a pioneering artificial intelligence-driven platform that revolutionizes construction data management and analysis. By leveraging advanced machine learning algorithms, PinPoint analyzes vast quantities of data, enabling general contractors in the public construction sector to achieve remarkable success. Through PinPoint, contractors gain a competitive edge, securing more bids, optimizing profit margins, and significantly reducing the time typically required for complex manual estimates. Additionally, PinPoint empowers municipalities to establish accurate budgets for their projects, minimizing financial risks and avoiding the need for costly re-bidding procedures.

About HG Ventures

HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Indiana, USA. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future. The firm leverages the world-class expertise of The Heritage Group operating companies and research group to offer a unique value proposition to its portfolio company partners.

Media Contact

Jon Meakin, Coldharbour Communications, PinPoint Analytics, 1 (917) 624-3227, jon@coldharbourcomms.com, https://www.pinpointanalytics.ai/ 

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SOURCE PinPoint Analytics

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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47 minutes ago

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July 25, 2026

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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3 hours ago

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July 25, 2026

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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3 hours ago

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July 25, 2026

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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