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SilicaDrive Launches Matilly AI Studio for Controlled User Testing

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Singapore-based AI company introduces an integrated platform for AI chat, image generation and video generation, marking the first customer-facing milestone in its broader technology and infrastructure roadmap

SINGAPORE, July 28, 2026 /PRNewswire/ — SilicaDrive Pte. Ltd., an independent Singapore-headquartered artificial intelligence technology and infrastructure company, today announced the controlled test launch of Matilly AI Studio, its multimodal generative AI platform.

Matilly AI Studio brings together conversational AI, image generation and video generation within a unified digital environment. Selected users have been provided with usage credits and invited to test the platform across professional, business and creative applications.

Feedback collected during the testing phase will be used to improve output quality, platform performance, response speed, system stability and the overall user experience ahead of wider commercial availability.

Commenting on the launch, Vishaal Nandam, Founder of SilicaDrive Pte. Ltd., said, “The launch of Matilly AI Studio is an important first milestone for SilicaDrive. We have opened the platform to selected users so that it can be evaluated through real-world interactions across AI chat, image generation and video generation.”

He added, “The initial response has been encouraging. This testing phase will help us strengthen the platform, expand its capabilities and prepare Matilly for broader adoption by individual, professional and enterprise users.”

Building a Full-Stack AI Platform

Matilly AI Studio represents the customer-facing technology layer of SilicaDrive’s broader strategy to build an integrated artificial intelligence ecosystem encompassing AI software, cloud services, high-performance computing infrastructure and AI-ready data centres.

SilicaDrive is being organised around two complementary operating verticals:

An AI technology vertical focused on AI platforms, cloud services, software, APIs, SaaS products, research and development, and enterprise AI solutions.An AI infrastructure vertical focused on GPU and server infrastructure, hardware ownership and financing, infrastructure engineering, colocation, computing capacity and equipment lifecycle management.

SilicaDrive Pte. Ltd., as the group’s Singapore holding company, will oversee intellectual property, brand strategy, technology direction, fundraising, capital allocation and corporate governance.

Subject to completion of the proposed corporate structure and applicable regulatory requirements, dedicated operating companies in Singapore and India will undertake technology development, customer operations, engineering, high-performance computing deployment and data-centre infrastructure development.

“Matilly is the first visible layer of a much larger technology and infrastructure platform,” said Vishaal Nandam. “Our long-term objective is to connect advanced AI applications with the computing capacity and infrastructure required to operate them securely, reliably and at scale.”

Future AI Infrastructure Roadmap

SilicaDrive’s proposed infrastructure roadmap includes the phased development of high-density, AI-ready data-centre capacity in India, supported by international connectivity, cloud interconnection and operational resilience through Singapore and Southeast Asia.

The planned infrastructure platform is intended to support multiple service models, including:

Usage-based AI computing;Dedicated and bare-metal computing infrastructure;Enterprise AI deployment;Customer-owned and SilicaDrive-owned compute capacity;Managed infrastructure and remote operations;Colocation and interconnection services; andRegional replication and disaster-recovery solutions.

Infrastructure expansion will be modular and demand-led, with capacity deployment aligned with customer commitments, utilisation, power availability, technical readiness and funding milestones.

The group’s longer-term vision includes a broader national AI-infrastructure platform combining owned computing capacity, high-density racks, liquid-ready data-centre environments, carrier-neutral connectivity and regional resilience. These plans remain preliminary and subject to technical, commercial, financial and regulatory validation.

Testing and Wider Availability

During the present testing phase, SilicaDrive will evaluate:

Accuracy and relevance of AI-generated responses;Quality of generated images and videos;Platform speed and stability;User-interface simplicity;Performance under different workloads;Enterprise and professional use cases; andUser recommendations for new features and improvements.

Model availability, credit limits, features and platform functionality may continue to be refined during the testing programme.

Wider user access, enterprise onboarding, commercial plans, API availability and additional platform capabilities will be announced following completion of the initial testing and validation phase.

Invited users can access Matilly AI Studio at: https://studio.matilly.com/studio

About Matilly AI Studio

Matilly AI Studio is a multimodal generative artificial intelligence platform that integrates AI chat, image generation and video generation within a unified environment. It is presently available to selected users as part of a controlled testing programme.

About SilicaDrive Pte. Ltd.

SilicaDrive Pte. Ltd. is an independent Singapore-headquartered AI technology and infrastructure company founded by Vishaal Nandam.

The company is developing an integrated artificial intelligence ecosystem encompassing generative AI platforms, software, cloud services, APIs, enterprise solutions, high-performance computing infrastructure and AI-ready data centres.

SilicaDrive is an independent company with its own identity, capital structure and governance, promoted and funded in Singapore by the Nandam family in their personal capacity.

 

 

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China’s Long March: The Journey Goes On

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MACAO, Oct. 21, 2026 /PRNewswire/ — This is a report from Xinhua News Agency:

There is a chapter of history every Chinese child learns in school.

There is a poem that generations of Chinese people have learned by heart.

There is a song millions can sing from its very first notes.

In stories, in verses, in melodies, they all point to the same chapter of history: the Long March.

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SOURCE Xinhua News Agency

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Target Makes it Easier for Guests to Discover Stylish Holiday Gifts They Can’t Wait to Give

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Target is offering more than 8,000 new gifts, with more than half exclusive to the retailerMost new holiday items at Target are $20 or less, including thousands $5 and underNew AI-powered shopping experiences, daily deals and early Black Friday savings simplify gifting

MINNEAPOLIS, Oct 21, 2026 /PRNewswire/ — Target Corporation (NYSE: TGT) is putting gifting at the heart of the holidays, bringing guests more than 8,000 new stylish gifts they can’t wait to give. More than half of the new assortment is available only at Target, with thousands of gifts priced at $5 and under. New AI-powered shopping experiences, fresh ways to discover gifts and deals throughout the season will make it easier for guests to find something special for everyone on the list.

“This holiday season, guests will see and feel the changes we’ve been making across Target, bringing together the style, design and value they expect from us with an experience that makes shopping easier and more inspiring,” said Michael Fiddelke, chief executive officer, Target. “We know guests turn to Target for gifting, gathering and everything in between, and our team is ready to help busy families discover more joy in those moments throughout the season.”

Stylish gifts at an incredible value
As consumers continue to look for affordable ways to give gifts that feel special, Target is leaning into one of the season’s biggest trends: luxe-for-less gifting. This year’s assortment includes 100% cashmere (excluding functional trim) starting at $25, pajamas for all from $10, festive decor from $5, faux fur throws at $30, top toys from LEGO, Barbie and Nintendo, new and exclusive gifts from prestige, emerging and global beauty brands at Target Beauty Studio, nostalgic sweet treats and host gifts from Favorite Day and exclusive finds for sports and wellness fans, making it easy for guests to find gifts that feel elevated at every price point.

“Guests tell us they want to give gifts that are thoughtful and personal, while feeling good about what they’re spending,” said Cara Sylvester, executive vice president and chief merchandising officer, Target. “That’s why we’ve brought together the brands they love, exciting trends and unexpected finds they won’t see anywhere else — all at prices that make it easier to get that ‘I can’t wait to give this’ gift.”

More ways to discover the perfect gift
New this season, Ask Target, an AI-powered shopping assistant available in beta on Target.com and the Target app, helps guests find inspiration, narrow their choices and shop with confidence and ease. Additional AI-powered features and a digital holiday kids catalog offer more ways to discover gifts for everyone on the list.

Target’s new Academy of Giftology holiday marketing campaign, launching in November, will tackle familiar gifting dilemmas with playful inspiration to help guests gift it their all and find gifts they’ll be excited to give.

More ways to save, from the first gift to the last
Beginning Nov. 1, guests can shop a new Deal of the Day every day through Dec. 24, with a first-ever one-day preview of upcoming offers to help them plan ahead. Early Black Friday deals run Nov. 5–7, followed by new limited-time offers every weekend throughout the holiday season.

The joy of gift giving
Through Target’s partnership with St. Jude Children’s Research Hospital, guests can give a gift that helps give back with the Gigglescape St. Jude bear, with a donation tied to each purchase while supplies last.

About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.

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SOURCE Target Corporation

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illumend CEO: Building a COI Tracker with AI Is Easy. Verifying Insurance Compliance Is Not.

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Kristen Nunery warns that homegrown Certificate of Insurance tracking tools can create a false sense of security when businesses mistake collecting insurance documents for verifying coverage and compliance

INDIANAPOLIS, Oct. 21, 2026 /PRNewswire/ — As general-purpose artificial intelligence (AI) makes it easier for businesses to build their own software, Kristen Nunery, founder and CEO of illumend, is warning construction and property management companies against a costly misconception: that building a Certificate of Insurance (COI) tracking system is the same as verifying that contractors and other third parties have the insurance coverage their contracts require.

In her new article, “You Can Build a COI Tracker with AI. That Doesn’t Mean You Should,” Nunery explains that general-purpose AI tools such as ChatGPT can help businesses create applications that collect certificates, track expiration dates, and automate reminders. But those capabilities address only part of the insurance compliance process. Determining whether coverage satisfies contractual requirements involves interpreting insurance documents, reviewing endorsements, identifying exclusions and resolving discrepancies that basic tracking software may overlook.

“AI has democratized the ability to build software. It hasn’t democratized the expertise to make the right insurance decision,” said Nunery, who has spent 16 years in insurance compliance. “If you don’t have a compliance process today, you’re not automating a process. You’re automating your best guess.”

Why a COI Tracker Is Not an Insurance Compliance Verification System

According to Nunery, the critical distinction is between tracking the existence and expiration of insurance documents and verifying whether the underlying coverage meets contractual obligations.

A homegrown COI tracker may confirm that a certificate is current, record policy limits, and flag missing documents. But a current certificate does not necessarily mean a contractor is adequately insured or compliant with an agreement’s terms.

For example, a subcontractor may submit a certificate showing sufficient general liability limits and additional insured status. Yet the underlying endorsement may be a CG 20 10 covering ongoing operations only, while the contract also requires completed-operations coverage under a CG 20 37 or equivalent endorsement. A basic tracker could mark the subcontractor as compliant despite the missing coverage.

“The tracker didn’t misread anything,” Nunery said. “It never had the contract requirement, the endorsement language, or the connection between the two.”

Other potential gaps include incorrectly named insured entities, missing endorsements, inadequate completed-operations coverage, and policy provisions that fail to satisfy contractual insurance requirements. Identifying these issues requires evaluating insurance evidence in context, not simply extracting data from a certificate.

Why Insurance Compliance Verification Requires Specialized Technology

Nunery argues that businesses seeking to move beyond basic COI tracking need technology designed specifically for insurance compliance verification, with insurance expertise embedded in how the system evaluates coverage.

Unlike homegrown tracking tools, specialized compliance platforms such as illumend compare insurance documents against established contractual requirements, examine supporting endorsements, identify coverage gaps, and explain findings that require attention.

This approach powers Lumie, illumend’s specialized AI-powered insurance compliance expert. Lumie reviews certificates and endorsements against established requirements, flags potential deficiencies and provides supporting evidence for its determinations, while allowing compliance professionals to review and resolve exceptions.

“AI should do more than flag a problem. It should show you what it found, which requirement it evaluated, and the evidence behind its assessment,” Nunery said. “Lumie applies insurance expertise at scale and creates a clear record of its findings, so teams can act on routine determinations efficiently and focus their attention on exceptions that need a closer look.”

Nunery’s perspective draws on her experience building myCOI, whose technology has reviewed more than 45 million insurance documents and identified more than 2 million coverage gaps before they became claims, according to company figures.

Build a COI Tracker or Buy a Compliance Platform? The Questions Businesses Should Ask

For organizations considering building their own COI software, Nunery recommends first determining whether they need a document-tracking application or a comprehensive insurance compliance verification system.

Basic tracking needs may be addressed with spreadsheets, conventional software, or applications built with general-purpose AI. But verifying compliance requires substantially more: translating contractual insurance requirements into rules, reviewing endorsements and policy evidence, identifying exceptions, documenting decisions, and maintaining an auditable compliance process.

Businesses must also consider who will keep insurance requirements current, validate the system’s determinations, investigate discrepancies, and maintain the records needed to support compliance decisions during claims or audits.

“Building the software happens once,” Nunery said. “Running a compliance system means keeping requirements, evidence, follow-ups, decisions and the audit trail current, every day it’s in use.”

To read Nunery’s full article, visit https://www.illumend.ai/evaluation-buying/build-vs-buy-coi-tracking-software-ai

About illumend
Founded in 2025, illumend™ is the AI-powered platform redefining how businesses manage third-party insurance compliance and risk. Backed by myCOI, the leader in third-party insurance compliance management with more than 16 years of expertise, illumend reimagines compliance by guiding every step of the process—from document review and expiration tracking to risk flagging, communication, and resolution—within one intuitive system. Built on myCOI’s institutional foundation—having processed more than 45 million documents, managed over 1.2 million agreements, cleared more than 750,000 third-party partners, and identified more than two million coverage gaps before claims—illumend brings this depth of compliance intelligence into an AI-native platform. At its core is Lumie, illumend’s conversational AI guide that reads complex insurance documents, flags issues in real time, and explains them in language anyone can act on. To learn more, visit https://www.illumend.ai.

Media contact:
Michael Tebo
Gabriel Marketing Group (for illumend)
Phone: 571-835-8775
Email: michaelt@gabrielmarketing.com

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SOURCE illumend

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