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One Hundred China-Based Funds, a US$250 Billion Target: SWFI and Global FOF Association Bring China’s Capital to G20 Investment Week in Miami

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China Investment Corporation, the Hong Kong Monetary Authority and the Monetary Authority of Macao among the institutions SWFI is working to bring to the stage, weeks after the Washington summit put trade, investment and artificial intelligence at the centre of US–China relations

MIAMI, Oct. 22, 2026 /PRNewswire/ — The Sovereign Wealth Fund Institute (SWFI) and Global FOF Association, convener of the Davos Global Fund of Funds Summit, today announced that they will bring one hundred China-based funds to G20 Investment Week in Miami from December 11-15, 2026, in the same week as the G20 Leaders’ Summit at Trump National Doral, with a target of US$250 billion in investment commitments, partnerships and co-investments between the visiting institutions and American companies, funds and states.

Registration for American companies and funds is open now at www.i20summit.com. 

Under a memorandum of understanding, Global FOF Association becomes Non-Exclusive China Funds Outreach Partner, G20 Investment Week 2026. The delegation will be led by chairmen, presidents and chief investment officers of national and provincial government guidance funds, state-owned investment platforms, insurers and bank asset managers, and China’s leading private equity and venture capital houses.

SWFI is also working with China Investment Corporation, China’s largest sovereign wealth fund and one of the three largest in the world, with US$1.57 trillion in total assets, together with the Hong Kong Monetary Authority, whose Exchange Fund holds HK$4.4 trillion, and the Monetary Authority of Macao, which manages the territory’s MOP 700 billion fiscal reserve, to bring them to the stage on Sovereign Wealth Funds Day, December 13, alongside the leading sovereign funds of the G20 and its allied nations.

The announcement follows President Xi Jinping’s state visit to Washington, the first by a Chinese leader in eleven years, at which the two governments extended their trade truce into January, opened a Board of Trade to ease tariffs on US$30 billion of goods in each direction, and launched a formal dialogue on artificial intelligence. The two presidents are expected to meet again within months; the next G20 is in Miami.

“In Washington the two governments opened three channels: trade, investment and AI,” said Lakshmi Narayanan Ramanujam, Chairman of SWFI. “In Miami the people who deploy the money walk through them. China’s private funds hold a record US$3.3 trillion, its guidance funds carry a US$1.5 trillion mandate for the industries America is building, and its sovereign funds manage close to US$4 trillion. For five years American companies have had almost no access to that capital, and Chinese institutions almost no access to American partners. We are putting one hundred of those funds in one room with the American businesses, funds and states that want to work with them, in the week the leaders meet again, and we have set the target at US$250 billion because a number is a commitment and a slogan is not.”

US–China trade was US$495 billion in 2025 and Chinese-owned companies employ some 113,000 Americans, half of them in manufacturing. Yet Chinese direct investment now accounts for less than one per cent of foreign investment in the United States, and US private equity investment into China has fallen from US$140 billion in 2019 to under US$1 billion. G20 Investment Week is designed to reopen that channel through partnership, co-investment and joint ventures, with every participating institution screened by SWFI ahead of the event.

“Our members manage the capital behind China’s next generation of industry, and they are looking for long-term partners in the United States,” said Wang Peng, Executive Chairman of Global FOF Association. “G20 Investment Week is the one room this year where sovereign funds, pensions, American companies and Chinese institutions sit at the same table. We are bringing our members to it, and we expect them to arrive with mandates, not just business cards.”

The delegation will join Institutional Investors Day on December 12, Sovereign Wealth Funds Day on December 13 and Pension and Endowments Day on December 14, and will feature on a main-stage panel, “China’s Public and Institutional Capital: Global Partnership and Investment”. Dedicated China Funds sessions will match American companies seeking partners in China, and American funds seeking co-investment and limited-partner relationships, with the visiting institutions.

American companies and funds that register at www.i20summit.com before November 15 can request introductions to specific visiting institutions through SWFI’s matching desk ahead of the event. Seats at the China Funds sessions are limited and allocated in order of registration. Pass categories and prices are published on the site. Sovereign wealth funds, pension funds and endowments attend by invitation.

G20 Investment Week expects more than 1,000 institutional investors, over 50 sovereign wealth funds and 1,000 pension and endowment funds across the five days, with the objective of directing US$5 trillion of long-term capital into the United States.

Register at www.i20summit.com. 

The I20 Summit is an independent initiative of the Sovereign Wealth Fund Institute and is not affiliated with, endorsed by, sponsored by, or otherwise connected to the G20, the Group of Twenty, or the Government of the United States.

About the Sovereign Wealth Fund Institute

SWFI has served sovereign wealth funds, pension funds, central banks and other long-term public investors with research, data and convenings for nearly two decades. Chaired by Lakshmi Narayanan Ramanujam, with Michael Maduell as President and CEO, SWFI hosts G20 Investment Week and the I20 Summit in Miami from December 11-15, 2026. www.swfinstitute.org • www.i20summit.com 

About Global FOF Association

Global FOF Association is a Swiss association established in 2019 to promote the global fund-of-funds community. It convenes the Davos Global Fund of Funds Summit and publishes an annual list of investment institutions.

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SOURCE The Sovereign Wealth Fund Institute (SWFI)

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Karma Automotive Announces Eximius, the Bespoke Vehicle Program for Elite Clients Seeking Singular Expressions of Extreme Performance and Bold Craftsmanship

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The First Eximius Creation, “Eximius 1,” is a Menacing Four-Seater Built for the Track which Makes its World Premiere at the 2026 Concours at Wynn Las Vegas

LAS VEGAS, Oct. 31, 2026 /PRNewswire/ — Karma Automotive builds vehicles in the hundreds rather than the thousands, attracting a highly individualistic clientele seeking a unique statement. For those who wish to go further still, and explore new possibilities beyond the extensive options for personalization available through the Studio program, Karma has created the Eximius bespoke vehicle program. Eximius clients may modify the vehicle’s body, performance and powertrain, collaborating with Karma’s design and engineering teams to build a One-of-One statement which will never be repeated.

Karma Eximius clients may modify the vehicle’s body, performance and powertrain to build a One-of-One statement

The first vehicle from Karma Eximius debuts today at the 2026 Concours at Wynn Las Vegas. A menacing four-seater purpose-built for the track, “Eximius 1” is in ongoing development with its commissioning client, who is not revealed at this time. Upon delivery in 2027, “Eximius 1” will be fitted with an extreme-performance Plug-in Series Hybrid utilizing a 6.2 Liter V8 producing nearly 1200hp (550hp ICE, 645hp battery), delivering acceleration from 0-60mph in 2.7 seconds and a top speed in excess of 200mph (estimated). As these parameters would demand, “Eximius 1” will be equipped with carbon-ceramic brakes and two-piece slotted brake rotors, and Ohlins semi-active suspension.

“‘Eximius 1’ began as a conversation with an elite client who loves their Karma Revero, but wanted something more extreme and unexpected, which was music to our ears,” says Marques McCammon, President and Chief Executive, Karma Automotive. “The Eximius program effectively deletes the word ‘no’ from conversations about what’s possible,” he continues, “and as a four-seat track weapon packing what’ll be the most powerful Plug-in Series Hybrid powertrain and vehicle ever developed, ‘Eximius 1’ shatters expectations and further establishes Karma as a manufacturer of exotic, uniquely American vehicles.” 

Exterior Design
“Eximius 1” is an imposing vehicle to behold, exhibiting the muscularity and eyepopping strength of a superhero. Every panel – excluding the body surface outer – is constructed of pre-impregnated carbon fiber, and the vehicle is 50mm wider due to its wheel arch extensions. The front doors and hood have a unique technical fade from glossy, exposed regular carbon fiber to signature Borealis Blue paint.

The front carbon splitter sets an aggressive tone and is flanked by massive side air intakes incorporating Karma’s Target Acquisition Lighting, rotated 45º to create a distinctive ‘><‘ DRL graphic identity. On the hood, the dramatic arc of the Comet Line – which is inspired by Halley’s Comet is it streaks across the evening sky – widens from its apex towards the base of the windshield; vents above the front fenders release air pressure from the wheel housings and add further visual intrigue. Moving to the side of the vehicle, the front fenders aft of the wheels feature Karma’s signature “Backslash” bearing the number “5,” which is of particular significance to the commissioning client. 21″ Magnesium wheels with center-locks reduce rotating and unsprung mass, and are finished in satin black. Aft of the driver’s side front wheel, twin exhaust tips announce the fearsome new powertrain.

The full-width rear GT wing maximizes stability and downforce at high speeds, and continues the distinctive ‘><‘ DRL graphic identity established at the front of “Eximius 1.” The rear fascia also boasts large side air intakes which are connected by a dominant diffuser to manage underbody airflow.

Interior Design
An aura of intensity continues to the interior of “Eximius 1.” In concert with the exterior, blue-tinted carbon-fiber adorns the seats, flat-bottom steering wheel and doors; for aesthetics and weight-savings, all four doors are manufactured in exposed carbon fiber with one purposeful arm pad on each door. The seats, which are Recaro carbon fiber buckets up front, are trimmed with blue Alcantara and blue Italian leather with Moondust Alcantara upper sections, creating an articulated, form-fitted feel. To support high-speed driving and intense braking force, the accelerator, brake pedal and dead pedal are billet machined aluminum.

The instrument panel is reimagined in glossy carbon fiber and incorporates anodized billet aluminum HVAC vents. The carbon fiber center console is simplified to include the essentials only: the PRND gear selector, window switches, key fob holder, and Emergency kill switch. This console extends through to the rear compartment, to which the client’s custom-fitted carbon fiber racing helmet is held in place by a center-latched strap matching the blue seat belts.

About Karma Automotive
Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Plug-in Series Hybrid vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The Gyesera Grand Coupe, a Plug-in Series Hybrid four-seater, arrives at dealerships in December 2026; and the Amaris GT 2-Door Plug-in Series Hybrid arrives in Q4 2027. The Karma Kaveya Super Coupe, with over 1,000HP and butterfly-doors, will arrive in Q1 2028, to be followed by the Karma Ivara GT-UV: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:

Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com 

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SOURCE Karma Automotive

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ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

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BEIJING, Oct. 31, 2026 /PRNewswire/ — ModelBest and OpenBMB jointly announced the release and open-source availability of the MiniCPM-OCR series, a family of models for efficient document parsing and parsing-quality assessment. The launch includes two models: MiniCPM-OCR 1.0 (1.3B) and MiniCPM-OCR Jev (2B).

As the first OCR-focused model in the MiniCPM family, MiniCPM-OCR 1.0 brings top-tier parsing accuracy to a compact 1.3-billion-parameter architecture optimized for edge deployment, pushing forward the balance between efficiency and performance for open-source OCR models. Built for real-world conditions, it accurately parses scanned, photographed, curved, tilted and screen-captured documents without cumbersome image pre-correction, lowering the barrier to large-scale document digitization.

The model handles dense bilingual Chinese-English content, complex mathematical formulas, and multi-level or borderless tables, consistently performing at a leading level across a broad range of mainstream industry evaluations. Beyond full-page reconstruction, it supports key information extraction (KIE), pulling specified fields from invoices, IDs and financial statements according to business instructions.

Powered by DSpark decoding acceleration, MiniCPM-OCR 1.0 significantly increases end-to-end throughput while lowering per-page latency. For enterprises processing millions of pages—such as financial contract archives, academic libraries and government records—this means processing far more documents with the same hardware and time budget, at a substantially lower computing cost.

To address the long-standing need for page-by-page manual review, ModelBest and OpenBMB also introduced MiniCPM-OCR Jev, the first OCR result decision model that acts as an “AI quality inspector.” Rather than performing OCR itself, Jev compares the source image with OCR output and rapidly assigns confidence scores to text, LaTeX formulas and tables, detecting missing characters, errors and formatting misalignments. Despite its compact 2B-parameter size, Jev delivers judgment accuracy typically associated with far larger models.

Jev supports cross-model deployment and can be integrated into existing OCR workflows without replacing the underlying OCR engine. It can automatically identify reliable results for direct processing, flag potentially inaccurate outputs for human review and select the best result from multiple OCR systems. This enables enterprises to move from full manual inspection toward risk-based, automated quality control.

The MiniCPM-OCR series is available on GitHub, Hugging Face and ModelScope, and supports vLLM, SGLang, llama.cpp and Ollama, along with SDKs, APIs, Agent Skill plugins and open-source fine-tuning code. Day-0 hardware adaptation covers AMD, Arm, Houmo AI, Intel and NVIDIA. Through the FlagOS software stack, it also has Day-0 support for AI and edge chips from CIX Technology, Huawei Ascend, Hygon, Iluvatar CoreX, Kunlunxin, MetaX, Moore Threads, Sunrise, T-Head, TsingMicro, NVIDIA and Apple Mac (Arm).

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SOURCE ModelBest

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Wulcea Elevates Consumer Trust in Heated Apparel Through Multi-National Safety Certifications and Rigorous Technical Testing

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NEW YORK, Oct. 31, 2026 /PRNewswire/ — As smart heated clothing gains broader adoption, consumers are paying closer attention to the safety and reliability of the technology behind these products. Wulcea, a brand specializing in graphene-powered heated apparel, combines its flexible GrapheneNano™ heating technology with documented safety compliance and durability testing for its heating components and battery systems.

“Trust in smart heated apparel goes beyond warmth—it comes down to confidence in battery safety and heating element reliability,” said John C, Founder of Wulcea. “Our goal is to give users peace of mind through certified technical standards.”

Advanced Graphene Heating Elements Supported by Global Standards

At the core of Wulcea’s thermal architecture is its GrapheneNano™ heating technology. Engineered to eliminate garment stiffness, Wulcea integrates flexible graphene elements that deliver balanced warmth across key upper-body zones while preserving natural garment drape and full freedom of movement.

Wulcea supports its heating components with applicable compliance documentation for major markets. These include CE and FCC compliance documentation addressing relevant electrical and electromagnetic compatibility requirements, as well as PSE compliance for applicable products in Japan. RoHS compliance further addresses restrictions on specified hazardous substances in applicable electrical and electronic components.

Multi-Certified Battery System for Dependable Power

To power its heating elements, Wulcea pairs its heated apparel with rechargeable battery systems designed for convenient everyday use. Featuring a compact design and housed in dedicated interior pockets, the batteries provide portable power while maintaining a streamlined garment profile and comfortable fit.

Wulcea backs its battery options with comprehensive third-party accreditations. UL certification demonstrates that the battery system has been evaluated against recognized power bank safety requirements, covering key areas such as overcharge protection, short-circuit protection, and thermal safety. The battery systems are also supported by applicable CE and FCC compliance documentation, addressing relevant regulatory requirements for electrical and electromagnetic compatibility.

For daily handling and travel, RoHS compliance validates that the battery system meets stringent global standards for material safety. The battery models have also undergone applicable UN 38.3 testing, supporting compliance with international requirements for lithium battery transportation.

Real-World Durability and Practical Usability

Component compliance forms Wulcea’s foundation, but reliability is defined by real-world performance. Built for high-flex endurance, Wulcea’s flexible graphene heating elements are tested through 10,000 active flexing cycles to maintain steady thermal output through repeated bending and everyday body movement.

Everyday convenience is equally essential. Built for hassle-free care, Wulcea’s heating elements withstand 100 machine-wash cycles under standard care guidelines, maintaining internal conductivity and structural stability under repeated laundering.

Integrated NTC temperature sensors provide thermal monitoring and are designed to stop heating if temperatures exceed 131°F (55°C). Combined with runtime of up to 10 hours on the low setting and a discreet interior control button, these features support practical everyday use in cold-weather conditions.

Aligning Technical Standards with Everyday Warmth

By combining graphene-based heating technology with documented battery safety compliance and durability testing, Wulcea continues to focus on the technical foundations of dependable heated apparel. This approach reflects the brand’s emphasis on bringing together safety considerations, practical functionality, and everyday comfort for cold-weather use.

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SOURCE Wulcea

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