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Capital Group secures FSRA licence in Abu Dhabi as it expands in the Middle East

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ABU DHABI, UAE, Oct. 7, 2026 /PRNewswire/ — Capital Group, one of the world’s largest and most experienced active investment managers with US$3.6 trillion of assets under management, announced today that it has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates, enabling the firm to operate as a regulated investment manager. The approval authorises Capital Group to conduct trading, investment management and distribution activities within ADGM.

The regulatory milestone marks the next phase of Capital Group’s long-term commitment to the region, following its May 2026 announcement of plans to establish its first Middle East office in Abu Dhabi. The firm has since relocated associates from North America, Europe and Asia, bringing investment, operational and client-facing expertise closer to clients and opportunities in the region. Its local presence is expected to grow over time, in line with business and client needs.

Benno Klingenberg-Timm, Head of Abu Dhabi Office & Head of Institutional for Europe and Asia, Capital Group, said: “Establishing a regulated presence in Abu Dhabi brings us closer to our clients and to the investment opportunities across the Middle East, a region where we have been active for many years. From day one, we will have a meaningful presence, with on-the-ground investment, operational and client-facing capabilities. Much like the opening of our Singapore office in 1989, we’re bringing together the full breadth of Capital Group’s expertise in Abu Dhabi, reflecting our confidence in the region’s long-term growth.”

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said: “We are pleased to welcome Capital Group, a global investment manager, as it establishes a presence in Abu Dhabi. Its decision reflects the strength of Abu Dhabi’s financial ecosystem and ADGM’s growing position as a leading international financial centre for global institutions seeking long-term opportunities across the region.”

Mike Gitlin, President and CEO of Capital Group, said: “The Middle East is strategically important to Capital Group and our clients. Securing our regulatory licence in Abu Dhabi reflects our long-term commitment to the region and our conviction in its continued development as a leading international financial centre. We look forward to deepening our relationships with clients and partners.”

View original content:https://www.prnewswire.co.uk/news-releases/capital-group-secures-fsra-licence-in-abu-dhabi-as-it-expands-in-the-middle-east-302900995.html

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WEKA Federal Achieves Awardable Status in Tradewinds Solutions Marketplace

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U.S. Department of War acquisition teams can now rapidly procure and deploy WEKA NeuralMesh software and solutions to get more AI output per GPU and per watt.

CAMPBELL, Calif., Oct. 7, 2026 /PRNewswire/ — WEKA, the AI data and memory infrastructure company, today announced that WEKA Federal, its wholly-owned subsidiary, has been named an “Awardable” vendor in the Tradewinds Solutions Marketplace, recognized among a competitive field of applicants whose solutions demonstrated innovation, scalability, and potential impact on Department of War (DoW) missions. With this designation, WEKA® NeuralMesh™ software and solutions are now available for rapid procurement and deployment by DoW mission owners who need to accelerate artificial intelligence deployments in production without expanding their data center footprint or energy envelope.

The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the DoW’s most significant challenges in AI/ML, data, and analytics. This enables DoW program offices to avoid repeat technical evaluations and shortens the path from validated requirement to fielded capability. Tradewinds is housed in the DoW’s Chief Digital Artificial Intelligence Office (CDAO).

“Every AI system the DoW fields is competing for the same megawatts, the same rack space, and the same accelerators. WEKA NeuralMesh makes each of those go further by turning data from a bottleneck into a force multiplier,” said Brian Froeling, board member of WEKA Federal and chief revenue officer of WEKA. “The CDAO’s Awardable designation means there’s no procurement marathon ahead for DoW mission owners. Now they can award NeuralMesh directly and put it to work, fast.”

One Data Layer, Wherever the Mission Runs
NeuralMesh was architected for the AI era, not retrofitted for it. Backed by more than 170 patents, it runs on standard hardware and in major public clouds, serving POSIX, S3, NFS, SMB, and GPUDirect Storage from a single namespace that scales to exabytes. With NeuralMesh, DoW program owners can:

Run a unified data layer that supports AI training, inference, and analytics across accredited data centers, cloud regions, and air-gapped environments.Move applications between environments without requiring rewrites or separate infrastructure stacks.Serve training data, checkpoints, and inference workloads through a native S3 object store that shares the same NVMe blocks and namespace as file data; no separate tier, no gateway, no duplicate copies to secure and manage.Reduce infrastructure footprint by up to 8x and power draw by up to 6x versus scale-out NAS architectures at AI-factory scale, returning rack space, cooling headroom, and megawatts to the mission.Reduce model training time by up to 20x, compressing the path from data to deployed capability.Accelerate inference and agentic workloads with NeuralMesh and Augmented Memory GridTM, serving up to 10x more concurrent users per GPU while lowering cost per token.

Established in 2020, WEKA Federal operates as an independent subsidiary supporting U.S. federal, defense, and public sector missions, delivering solutions across accredited data centers, cloud, tactical edge, and air-gapped environments. U.S. federal government agencies, national laboratories, research institutions, and contractors rely on NeuralMesh to run production AI, machine learning, and accelerated compute workloads.

Watch the WEKA Federal Solution Video
WEKA Federal’s solution video, “The Data Path is the Mission,” is available only to government customers on the Tradewinds Solutions Marketplace and demonstrates how WEKA Federal’s awardable NeuralMesh software and hardware solutions deliver mission-speed data for training, inference, and the tactical edge. Visit www.tradewindai.com to get started.

To learn more about NeuralMesh, visit: https://www.weka.io/product/neuralmesh.

About the Tradewinds Solutions Marketplace
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of War’s (DoW’s) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the DoW’s Chief Digital Artificial Intelligence Office.

About WEKA
WEKA is the AI data and memory infrastructure company transforming the economics of agentic AI. The WEKA® NeuralMesh™ platform unifies high-performance data storage with extended GPU memory, giving enterprises, AI cloud providers, and AI builders a single foundation for training, inference, and agentic workloads. With Augmented Memory Grid™, NeuralMesh extends GPU memory capacity by 1000x, accelerates time to first token by up to 20x, and delivers 10x more concurrent users from the same GPU footprint, proven in production benchmarks. Trusted by 30% of the Fortune 50, WEKA enables organizations to scale AI faster, optimize GPU utilization, and reduce the cost of every token served. Learn more at www.weka.io or connect with us on LinkedIn and X.

WEKA and the WEKA logo are registered trademarks, and WEKA NeuralMesh and Augmented Memory Grid are trademarks of WekaIO, Inc. Other trademarks mentioned herein are the property of their respective owners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/weka-federal-achieves-awardable-status-in-tradewinds-solutions-marketplace-302900465.html

SOURCE WekaIO

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BioRadar Names David Relman and Kevin Esvelt Co-Chairs of Scientific Advisory Board

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Dr. David Relman of Stanford and Dr. Kevin Esvelt of MIT — two of the most respected voices in U.S. biosecurity — will co-chair BioRadar’s Scientific Advisory Board and help lead the science behind its “biological weather service” early-warning platform

BOSTON, Oct. 7, 2026 /PRNewswire-PRWeb/ — BioRadar PBC, a biological intelligence company building an early-warning platform designed to detect biological threats that conventional surveillance miss, today announced that Dr. David Relman of Stanford University and Dr. Kevin Esvelt of MIT will serve as Co-Chairs of the company’s Scientific Advisory Board. As Co-Chairs, they will guide BioRadar’s scientific direction, advise the founding team, and help recruit additional members of the Scientific Advisory Board as the company builds its biological early-warning platform.

“BioRadar succeeds only if the intelligence we provide is rigorous enough that public-health and national-security leaders can trust it and act on it. That is fundamentally a science problem, and there are no two people better suited to help us solve it than David and Kevin.”

“Having the two best scientists on this topic, David and Kevin, will help us build an extraordinary tool that will make biointelligence a reality for our nation and the world,” said Dr. Ashish Jha, Former White House COVID-19 Response Coordinator and Co-Founder of BioRadar.

Leading Voices in Biosecurity

Relman and Esvelt are leading figures in biosecurity, infectious disease and biological risk whose work has helped shape both the science and policy surrounding biological threats.

Relman is the Thomas C. and Joan M. Merigan Professor in Medicine and Professor of Microbiology & Immunology at Stanford University and Chief of Infectious Diseases at the VA Palo Alto Health Care System. He was a founding member of the National Science Advisory Board for Biosecurity and most recently served as Senior Advisor in the White House Office of Pandemic Preparedness and Response Policy.

Esvelt is an Associate Professor at the MIT Media Lab and director of the Sculpting Evolution group. He pioneered the development of CRISPR-based gene drives and has become a leading researcher on catastrophic biological risk, early-warning systems, and technologies designed to strengthen society’s ability to prevent and respond to biological threats.

Built Around Scientific Rigor

For BioRadar, scientific rigor means more than detecting a signal – it means knowing whether that signal can be trusted.

“BioRadar will ultimately succeed only if the biological intelligence we produce is rigorous enough that public-health and national-security leaders can trust it and act on it,” said Jha. “Doing it well is ultimately a science problem — and there’s no one better suited to solving it than David and Kevin.”

“A signal by itself isn’t intelligence,” said Dr. Nikki Romanik, former Deputy Director of the White House Office of Pandemic Preparedness and Response Policy (OPPR), and Co-Founder of BioRadar. “Understanding whether it is meaningful, how confident we should be in it, and whether it warrants attention requires extraordinary scientific precision. Drs. Relman and Esvelt will help us bring that capability to the platform.”

“This team understands both sides of this problem: the science required to identify emerging biological threats and the realities facing decision-makers who have to respond to them,” said Relman. “BioRadar is taking seriously the challenge of producing biological intelligence that is scientifically rigorous, timely, and useful. I’m honored to help guide that effort and build the Scientific Advisory Board around it.”

“We are starting to see real progress on the detection side of this problem,” said Esvelt. “The harder part —the part that determines whether we can protect people — is translating that data into something decision-makers can trust and act on. That’s the gap BioRadar is built to close, and it’s why I am excited to help build the science behind it.”

BioRadar is building a biological weather service: a system that integrates environmental, clinical, behavioral and other data to identify emerging biological threats and give decision-makers earlier situational awareness. The platform is currently live in a pilot program, and the company plans to share additional updates as the platform develops.

About BioRadar

Powered by AI, BioRadar is a biological intelligence company building an early-warning platform designed to identify biological activity and threats that targeted surveillance may miss. The platform combines broad biological sensing with clinical, syndromic, behavioral, public-health and other signals to establish location-specific baselines, identify meaningful changes and provide decision-makers with context around what deserves attention. BioRadar was founded by Ashish Jha, former White House Covid-19 Response Coordinator, and Nikki Romanik, former Deputy Director of the White House Office of Pandemic Preparedness and Response Policy. More information is available at www.bioradar.com.

Media contact: pr@bioradarusa.com

Media Contact

J. Wonacott, BioRadar PBC, 1 3102708186, pr@bioradarusa.com, www.bioradar.com 

View original content:https://www.prweb.com/releases/bioradar-names-david-relman-and-kevin-esvelt-co-chairs-of-scientific-advisory-board-302898278.html

SOURCE BioRadar PBC

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True Balance Premieres ‘Har Life Ka Balance’ Docuseries on JioHotstar

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Three-part series follows six real customers using credit to navigate business, education and personal milestones

GURUGRAM, India, Oct. 7, 2026 /PRNewswire/ — True Balance, an AI-powered digital lending platform, has launched Har Life Ka Balance, a three-part docuseries streaming on JioHotstar. The series follows six True Balance customers from different walks of life, highlighting how access to timely credit has supported their journeys across business, education and personal milestones.

Filmed across customers’ homes, businesses and workplaces, the series captures their experiences in their own words — from managing short-term cash flows and building businesses to funding education and meeting important personal milestones. The stories include a woman scaling her beauty and grooming business, an events entrepreneur navigating periods of lower demand, and a bank branch manager who turned to a digital lender when he needed credit himself.

The customers featured in the series include self-employed individuals, small business owners and first-time borrowers, reflecting the diverse financial needs of the segments served by True Balance. As of 30 September 2026, True Balance had disbursed 19.3 million cumulative loans. 

The six customers featured in Har Life Ka Balance are:

Gayatri, who is scaling her beauty and grooming business while planning her weddingKewal, who runs an events business and manages periods of lower demandRupesh, an insurance professional funding his son’s educationVikas, who runs a general store that supports his familySimran, who has built a social-media enterprise after marriageVishwas, a bank branch manager who turned to a digital lender when he needed credit himself

Together, the stories offer a view of financial inclusion through everyday experiences — women building independent incomes, small business owners managing uneven cash flows, and parents investing in their children’s future.

Charlie Lee, Founder & CEO, True Balance, said: “India has made remarkable progress in bringing people into the formal financial system. The next step is enabling access to credit for those determined to pursue their ambitions, and we are proud to contribute to that next chapter. Our six customers featured in Har Life Ka Balance are building businesses, supporting families and planning for their futures while navigating everyday challenges. Their stories reflect the aspirations of millions of Indians. Through this series, we aim to bring ‘Finance for All’ to life through the lens of our customers and the journeys they are undertaking to move their lives forward.” 

Har Life Ka Balance is streaming now on JioHotstar.

Series link: https://jiohotstar.com/1271713412?utm_source=share 

Promo link: https://www.hotstar.com/in/clips/har-life-ka-balance-promo/1271713455/watch 

About True Balance India Pvt. Ltd. 

True Balance is an AI-powered financial services platform operated by True Balance India Private Limited (formerly known as Balancehero India Private Limited). A unified hub for all financial needs, the True Balance platform provides a comprehensive suite of digital financial solutions focusing on democratizing credit for the underserved and underbanked populations across India.

Operating at the intersection of global technology standards and deep local market insights, the company utilizes advanced AI-backed proprietary credit-scoring to deliver seamless and responsible finance. This technology-first approach allows True Balance to effectively bridge the credit gap for the ‘Next Billion’ users seeking secure and dependable financial access.

The company operates under a robust regulatory framework, holding a Prepaid Payment Instrument (PPI) license and facilitating credit through its RBI-licensed subsidiary NBFC, True Credits Private Limited. Backed by marquee global institutions including SoftBank, Naver, and Line, True Balance operates an extensive pan-India network with deep penetration across every district in the country. Headquartered in Gurugram, the company is a key contributor to the Digital India and Viksit Bharat visions, serving as a trusted financial partner in the nation’s journey toward financial empowerment.

 

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