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FII Convenes Dialogues on Global Growth and Sustainable Innovation

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RIYADH, Saudi Arabia, Oct. 31, 2024 /PRNewswire/ — On the second day of the 8th Future Investment Initiative (FII) in Riyadh, leaders from around the world gathered to discuss the transformative potential of emerging technologies and investment strategies in redefining the future.  A Special Address was delivered by H.E. Minh Chính Phạm, Prime Minister, Socialist Republic of Vietnam.

Richard Attias, CEO of the FII Institute, summarised the day’s ambitions, stating, “At FII8, we are witnessing a new era where innovation and capital converge not just to shape industries but to create a sustainable and inclusive future for all. Today’s discussions highlighted the journey toward a world of boundless possibilities and infinite opportunities.”

Standout moments from Day Two of FII8

Board of Changemakers on Technology & Innovation: Leaders from industries including Marcelo Claure, Founder & CEO, Claure Group; Group Vice Chairman, SHEIN;  Alex Clavel, Co-CEO, SoftBank Vision Funds; Hani Enaya, CIO, Sanabil Investments; Antonio J. Gracias, Founder, CEO & CIO, Valor Equity Partners; Vineet Mittal, Chairman, Avaada Group; Dan Schulman, Vice Chairman & Managing Partner, Valor Capital Group; Robert Smith, Founder, Chairman & CEO, Vista Equity Partners; and Julie Sweet, Chair & CEO, Accenture explored how AI could create up to $10.3 trillion in economic value by 2038. This session urged companies to develop AI responsibly to ensure equitable benefits across society.Ocean Central Announcement: Her Royal Highness Ambassador Reema Bandar Al-Saud, the Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced the launch of Ocean Central, a digital platform developed by Wave and powered by FII Institute which collates data, and provides a clear and evolving view of ocean health, an urgently needed resource in efforts to regenerate our oceans.
HRH Ambassador Reema Bandar Al-Saud founded Wave as an initiative to champion ocean regeneration within a human generation, an ambitious but achievable aspiration, utilizing science-backed methodologies.
Wave has developed Ocean Central as a collaborative digital platform to unify once-disparate scientific ocean data by fostering collaboration, empowering decision-makers, and tracking collective progress toward ocean regeneration. Ocean Central combines accessibly displayed data with data-driven stories, relevant video content, news, and other ocean regeneration content to broaden users’ perspectives, shine light on the challenges ahead, celebrate successes, and foster a deeper appreciation for our planet’s ocean and our work to save it. To learn more, visit www.oceancentral.org AI and Geopolitics of Technology with Dr. Eric Schmidt, Former CEO & Chairman, Google, KBE: Dr. Eric Schmidt delivered a discussion on the geopolitical impact of AI, exploring how advancements in cybersecurity and digital infrastructure are reshaping international relations. His address emphasized the importance of cooperation in data governance and digital trade to navigate a world of increasing technological competition.The Global Future of Work Compass
The FII Institute unveiled its latest research, the Global Future of Work Compass, based on responses from over 1,300 people and 200 companies in the MENA region. The report indicates that 50% of respondents find advanced technology disruptive, and 46% believe youth tech training is insufficient, underscoring the need for proactive education reform and upskilling. Read the Full Report Here.Support for the Symphony of Hope Gala
The FII Institute contributed $100,000 to the Symphony of Hope Gala, advocating for individuals affected by celiac disease globally. This support aligns with the FII Institute’s commitment to inclusive health initiatives and creating awareness for pressing health concerns.’Clash of the Titans’ Debates
In a lively debate session titled “Clash of the Titans,” thought leaders exchanged views on three critical issues: the future of currency, the role of AI in truth, and the influence of technology companies in global power. This dynamic format allowed for fresh insights into these epoch-defining challenges. The Rise of Global Megaregions
Speakers from leading global institutions explored the concept of megaregions—large, interconnected economic zones—as new centers of opportunity. They discussed the role of capital in supporting these economic hubs through innovative solutions and infrastructure investments.Future of Resources: Achieving Clean Industries
Panellists debated the feasibility of clean industries amid rising demand for critical minerals in renewable technologies. Leaders from SABIC, Sigma Lithium, Vale, Ivanhoe Mines and Ma’aden addressed the challenge of responsibly managing resources to support sustainable growth.Building A Future-Ready Workforce
The potential for AI to redefine the future of work was a central theme, with discussions on adapting education and training to meet evolving demands. Industry experts highlighted how AI could contribute $13 trillion to the global economy by 2030, transforming job roles and creating new growth opportunities.
With a commitment to “Investing Today, Shaping Tomorrow,” the FII Conference continues to pave the way for meaningful investments that drive progress, innovation, and sustainability worldwide. With over 45 sessions held on topics such as green technology and digital transformation in emerging markets, FII8 serves as a platform for exploring innovative solutions to global challenges. The insights shared here are critical to shaping future investment landscapes, empowering leaders, and fostering impactful partnerships.Announcements: Today, FII8 witnessed the announcement of 11 new financial announcements all investing in impactful solutions for humanity. Alongside these announcements, 6 strategic partnerships were established, underscoring a commitment to driving positive change across diverse sectors including technology, quality of life, innovation, and sustainability. 

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation focused on creating positive impacts on humanity. Through its investment arm, FII Institute transforms ideas into solutions across four areas: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.

Photo: https://mma.prnewswire.com/media/2545503/FII_DAY_TWO.jpg

 

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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