Namibia Strives for Universal Internet Connectivity


Windhoek – In a significant push towards digital inclusion, Namibian Minister of Information and Communication Technology, Peya Mushelenga, highlighted the country’s current status of internet accessibility. This announcement was made in Windhoek on Thursday, commemorating the African Telecommunications/ICT Day.



According to Namibian Press Agency (NAMPA), only 56 per cent of Namibians currently have internet access. This figure underscores the need for concerted efforts to achieve full connectivity across the nation. The minister called for increased collaboration between local and international stakeholders and mobile operators to expand network tower installations, especially in remote regions.



Mushelenga pointed out that approximately 72 per cent of the African population lacks access to mobile internet, an issue impacting almost 200 million people in areas without mobile broadband network coverage. In response, the Namibian Government plans to allocate funds in the upcoming financial year to establish network towers in regions that are commercially challenging for mobile operators. The minister also noted that 90 per cent of the Namibian population is now covered by broadband infrastructure.

Oshikoto Regional Council Chairperson Advocates for Consumer Rights Awareness


Windhoek – Samuel Shivute, the chairperson of the Oshikoto regional council, is urging people to become more knowledgeable about their rights, especially in the context of managing debt and avoiding financial distress. During the Oshikoto regional consumer credit bill consultations held in Omuthiya on Thursday, Shivute emphasized the challenges faced by many who are burdened with expensive loans and insurance due to insufficient information about how these financial instruments operate.



According to Namibian Press Agency (NAMPA), a significant issue in Namibia is the lack of awareness among consumers about where to turn when their rights are infringed upon, leaving many feeling helpless. He stressed the importance of understanding consumer rights, highlighting the critical role consumers play in the business ecosystem. The consumer credit bill, as outlined by Shivute, is designed to educate people about making informed financial decisions with the right information at the right time.



Joanette Eises, a corporate communications practitioner at the Namibia Financial Institutions Supervisory Authority (NAMFISA), further explained the bill’s objectives. She stated that the bill seeks to foster fair, transparent, and responsible conduct in the consumer credit market. It aims to protect credit consumers by ensuring they are treated fairly and provided with complete and transparent information.



Eises elaborated that the bill encompasses all types of credit, including loans for education, small business development, or low-income housing. Key features of the bill include transparency, full disclosure of information, improved reporting of consumer credit information, and regulation and supervision of services provided by credit providers, credit bureaus, and debt collectors. The bill is also geared towards promoting high standards of business conduct and reducing financial crimes.



Additionally, Eises highlighted the rights the proposed bill would grant to consumers, such as the right to understand why credit is refused, to receive information in plain language, and to have confidential treatment of their information. Other rights include the opportunity to read and understand credit agreement terms, the right to refuse signing incomplete documents, and the prohibition against retention of personal documents and bank credentials.



NAMFISA is spearheading this initiative in collaboration with representatives from various entities, including the Ministry of Finance and Public Enterprises, the Bank of Namibia, the Ministry of Industrialisation and Trade, and the Financial Literacy Initiative, to address legislative challenges through the Consumer Credit Bill.

Windhoek Tackles Housing Challenge with Sufficient Land for Low-Cost Development


Windhoek – Moses Matyayi, the Chief Executive Officer of the City of Windhoek, has confirmed the availability of adequate land in Windhoek to support low-cost housing projects. This initiative is part of a broader effort to formalize informal settlements within the nation’s capital.



According to Namibian Press Agency (NAMPA), Matyayi’s statement came during a ceremony for the handover of 58 houses in the Greenwell Matongo informal settlement. The Informal Settlement Upgrading Project (ISUP), launched in August 2020, is a collaborative effort between the Windhoek municipality, the National Housing Enterprise (NHE), and the Ministry of Urban and Rural Development. This project has enabled numerous low-income earners to acquire formal housing.



Matyayi highlighted the adequacy of existing land resources to substantially address the needs of residents in informal settlements. He emphasized the integrated approach of the project, which begins with land servicing followed by construction of housing. The initiative receives financial support from the Government through the Ministry of Urban and Rural Development.



The NHE, serving as the implementation agency for the ISUP, has developed 652 houses under the project at a cost of N.dollars 124 million. Toska Sem, the chairperson of the housing enterprise, reported that the cost of building and processing each unit was below N.dollars 200,000. Sem reaffirmed the NHE’s commitment to providing quality, affordable housing for Namibians.



Further progress includes plans to launch a new project in Otjomuise, Windhoek, aiming to develop over 600 housing units at an estimated cost of N.dollars 150 million.

VAST Data Closes Series E Funding Round, Nearly Triples Valuation to $9.1 Billion

Global Momentum and Demand for VAST Data Establishes Company as the Market Leader for Deep Learning and AI Infrastructure

NO-HEADQUARTERS | NEW YORK, Dec. 06, 2023 (GLOBE NEWSWIRE) — VAST Data, the AI data platform company, announced today that it has secured $118 million in Series E funding, led by Fidelity Management & Research Company and accompanied by New Enterprise Associates (NEA), BOND Capital and Drive Capital.

The funding will advance VAST Data’s mission to deliver a new category of infrastructure that puts data at the center of how systems think, react, and discover. This breakthrough will empower organizations to effectively address their most pressing data challenges, enabling unprecedented advancements in technology, economics, social dynamics, and scientific research.

The VAST Data Platform unifies storage, database, and containerized compute engine services into a single, scalable software platform architected from the ground up to power AI and GPU-accelerated tools in modern data centers and clouds. The platform uniquely enables organizations to understand all data, both structured and unstructured as it exists in the natural world, to generate superior insights and unlock new value.

“A new AI data stack is required,” said Renen Hallak, CEO and Co-Founder of VAST Data. “To be truly impactful in this era of AI and deep learning, you not only want to have a lot of data, but also high quality data that is correctly organized and available at the right place, at the right time. The VAST Data Platform delivers AI infrastructure that opens the door to automated discovery that can solve some of humanity’s most complex challenges.”

“We believe that VAST Data is a pioneer in the AI GPU space,” said Scott Sandell, Chairman, CEO and CIO at NEA. “With deep learning at the center of the massive AI movement we are experiencing, interest and investment in VAST Data has escalated, and we are thrilled to partner with the VAST Data team as they drive influence and innovation in the global AI technology sector.”

The funding follows a pivotal 2023 calendar year, marked by:

  • Impressive Business Momentum: At the end of FY’Q3, VAST Data surpassed $1 billion in cumulative software bookings. The company achieved 3.3x year-over-year (YoY) growth and maintained positive cash flow for the last 12 quarters with a gross margin of nearly 90%.
  • Organizations Across All Industries Trust VAST Data: VAST Data has amassed a growing customer roster of global enterprises including Booking Holdings, Inc., U.S. Air Force, U.S. Department of Energy, Verizon, Boston Children’s Hospital, Pixar, and Zoom, among others, signaling strong market validation.
  • Reimagining AI Cloud Infrastructure: Through innovative customer partnerships with companies like CoreWeaveLambda and Core42 (formerly G42 Cloud), VAST Data is delivering the infrastructure that is purpose built for next-generation AI clouds.
  • Deepened Commitment to Partners: Since its founding, VAST Data has worked closely with partners to break down technology tradeoffs and barriers while improving the overall customer experience. In May 2023, VAST Data furthered this mission with the VAST Data Platform achieving NVIDIA DGX SuperPOD certification, making large scale AI deployments simpler, faster, more reliable and easier to manage. In April 2023, VAST Data entered into a strategic partnership with HPE, helping enterprise customers manage unstructured data with high performance at scale to deliver superior time to data insight.
  • Global Expansion: Now with more than 700 employees worldwide VAST Data is actively broadening its business footprint, penetrating new regions in Asia Pacific, the Middle East, and Europe.

Supporting Quotes

The VAST Data Platform’s capacity to process large quantities of data at unparalleled scale and speed signifies a transformative shift in industry operations, underscoring the pivotal role of deep learning AI in shaping future advancements. This sentiment was shared by customers and partners across the industry, including:

“Data is every company’s most valuable asset,” said Manuvir Das, vice president of Enterprise Computing at NVIDIA. “NVIDIA and Vast Data are collaborating to enable enterprises to harness their data using accelerated computing and cloud-based AI solutions to tackle their biggest challenges.”

“Some of the most data-intensive and computationally advanced customers on the planet trust CoreWeave, NVIDIA and VAST to deliver the most secure and scalable solutions on top of the industry’s fastest and most flexible AI infrastructure,” said Michael Intrator, CEO and co-founder of CoreWeave. “We’re honored to partner with VAST to provide purpose-built accelerated computing solutions that solve the complex AI and data challenges that enterprises face now and into the future.”

“Data is the only competitive advantage in AI and therefore infrastructure that can simplify and scale data access is crucial for any organization training AI models,” said Sanjeev Mohan, Principal, SanjMo. “With a modern data platform fine-tuned for the performance and scale AI requires, VAST Data is well-positioned to capture a massive opportunity.”

Additional Resources:

About VAST Data:
VAST Data is the data platform company built for the AI era. As the new standard for enterprise AI infrastructure, organizations trust the VAST Data Platform to serve their most data-intensive computing needs. VAST Data empowers enterprises to unlock the full potential of their data by providing AI infrastructure that is simple, scalable, and architected from the ground up to power deep learning and GPU-accelerated data centers and clouds. Launched in 2019, VAST Data is the fastest growing data infrastructure company in history. For more information, please visit https://vastdata.com and follow VAST Data on X (formerly Twitter) and LinkedIn.

Media Contact:

Austin Weedfall
VAST Data
[email protected]

GlobeNewswire Distribution ID 8990742

VAST Data Closes Series E Funding Round, Nearly Triples Valuation to $9.1 Billion

Global Momentum and Demand for VAST Data Establishes Company as the Market Leader for Deep Learning and AI Infrastructure

NO-HEADQUARTERS | NEW YORK, Dec. 06, 2023 (GLOBE NEWSWIRE) — VAST Data, the AI data platform company, announced today that it has secured $118 million in Series E funding, led by Fidelity Management & Research Company and accompanied by New Enterprise Associates (NEA), BOND Capital and Drive Capital.

The funding will advance VAST Data’s mission to deliver a new category of infrastructure that puts data at the center of how systems think, react, and discover. This breakthrough will empower organizations to effectively address their most pressing data challenges, enabling unprecedented advancements in technology, economics, social dynamics, and scientific research.

The VAST Data Platform unifies storage, database, and containerized compute engine services into a single, scalable software platform architected from the ground up to power AI and GPU-accelerated tools in modern data centers and clouds. The platform uniquely enables organizations to understand all data, both structured and unstructured as it exists in the natural world, to generate superior insights and unlock new value.

“A new AI data stack is required,” said Renen Hallak, CEO and Co-Founder of VAST Data. “To be truly impactful in this era of AI and deep learning, you not only want to have a lot of data, but also high quality data that is correctly organized and available at the right place, at the right time. The VAST Data Platform delivers AI infrastructure that opens the door to automated discovery that can solve some of humanity’s most complex challenges.”

“We believe that VAST Data is a pioneer in the AI GPU space,” said Scott Sandell, Chairman, CEO and CIO at NEA. “With deep learning at the center of the massive AI movement we are experiencing, interest and investment in VAST Data has escalated, and we are thrilled to partner with the VAST Data team as they drive influence and innovation in the global AI technology sector.”

The funding follows a pivotal 2023 calendar year, marked by:

  • Impressive Business Momentum: At the end of FY’Q3, VAST Data surpassed $1 billion in cumulative software bookings. The company achieved 3.3x year-over-year (YoY) growth and maintained positive cash flow for the last 12 quarters with a gross margin of nearly 90%.
  • Organizations Across All Industries Trust VAST Data: VAST Data has amassed a growing customer roster of global enterprises including Booking Holdings, Inc., U.S. Air Force, U.S. Department of Energy, Verizon, Boston Children’s Hospital, Pixar, and Zoom, among others, signaling strong market validation.
  • Reimagining AI Cloud Infrastructure: Through innovative customer partnerships with companies like CoreWeaveLambda and Core42 (formerly G42 Cloud), VAST Data is delivering the infrastructure that is purpose built for next-generation AI clouds.
  • Deepened Commitment to Partners: Since its founding, VAST Data has worked closely with partners to break down technology tradeoffs and barriers while improving the overall customer experience. In May 2023, VAST Data furthered this mission with the VAST Data Platform achieving NVIDIA DGX SuperPOD certification, making large scale AI deployments simpler, faster, more reliable and easier to manage. In April 2023, VAST Data entered into a strategic partnership with HPE, helping enterprise customers manage unstructured data with high performance at scale to deliver superior time to data insight.
  • Global Expansion: Now with more than 700 employees worldwide VAST Data is actively broadening its business footprint, penetrating new regions in Asia Pacific, the Middle East, and Europe.

Supporting Quotes

The VAST Data Platform’s capacity to process large quantities of data at unparalleled scale and speed signifies a transformative shift in industry operations, underscoring the pivotal role of deep learning AI in shaping future advancements. This sentiment was shared by customers and partners across the industry, including:

“Data is every company’s most valuable asset,” said Manuvir Das, vice president of Enterprise Computing at NVIDIA. “NVIDIA and Vast Data are collaborating to enable enterprises to harness their data using accelerated computing and cloud-based AI solutions to tackle their biggest challenges.”

“Some of the most data-intensive and computationally advanced customers on the planet trust CoreWeave, NVIDIA and VAST to deliver the most secure and scalable solutions on top of the industry’s fastest and most flexible AI infrastructure,” said Michael Intrator, CEO and co-founder of CoreWeave. “We’re honored to partner with VAST to provide purpose-built accelerated computing solutions that solve the complex AI and data challenges that enterprises face now and into the future.”

“Data is the only competitive advantage in AI and therefore infrastructure that can simplify and scale data access is crucial for any organization training AI models,” said Sanjeev Mohan, Principal, SanjMo. “With a modern data platform fine-tuned for the performance and scale AI requires, VAST Data is well-positioned to capture a massive opportunity.”

Additional Resources:

About VAST Data:
VAST Data is the data platform company built for the AI era. As the new standard for enterprise AI infrastructure, organizations trust the VAST Data Platform to serve their most data-intensive computing needs. VAST Data empowers enterprises to unlock the full potential of their data by providing AI infrastructure that is simple, scalable, and architected from the ground up to power deep learning and GPU-accelerated data centers and clouds. Launched in 2019, VAST Data is the fastest growing data infrastructure company in history. For more information, please visit https://vastdata.com and follow VAST Data on X (formerly Twitter) and LinkedIn.

Media Contact:

Austin Weedfall
VAST Data
[email protected]

GlobeNewswire Distribution ID 8990742

International science organizations sign agreement to provide hardware for the Deep Underground Neutrino Experiment

Ten international funding agencies will contribute to the construction of the gigantic particle detectors a mile underground for the Fermilab-hosted Deep Underground Neutrino Experiment.

Batavia, Illinois, Dec. 06, 2023 (GLOBE NEWSWIRE) — The Deep Underground Neutrino Experiment — also known as DUNE — is an international mega science experiment that will use enormous particle detectors to study the behavior of neutrinos, which might indicate why we live in a matter-dominated universe.

The DUNE collaboration, representing scientists from dozens of countries around the world, will contribute to the construction of detectors at two sites in the United States: one at the U.S. Department of Energy’s Fermi National Accelerator Laboratory, the host lab for DUNE, 40 miles west of Chicago, and the other at the Sanford Underground Research Laboratory (SURF) in Lead, South Dakota.

On Nov. 17, representatives of funding agencies from five countries signed a memorandum of understanding, affirming their commitment to contribute to the construction of components for DUNE. Director Lia Merminga signed on behalf of Fermilab.

“DUNE will help answer some of the biggest questions in the universe and has the potential to transform the field of neutrino physics. We are proud to host DUNE in the U.S. with major contributions from the project’s international partners who offer their unique expertise,” said Regina Rameika, DOE associate director for the Office of High Energy Physics. “Having the commitment from our international partners to contribute these vital components is an essential aspect of DUNE.”

With their signatures, University of Campinas (Unicamp), Brazil, Institut National de Physique Nucléaire et de Physique des Particules (IN2P3), France, Istituto Nazionale Di Fisica Nucleare (INFN), Italy, University of Bern, Switzerland, and the Science and Technology Facilities Council/United Kingdom Research and Innovation (STFC/UKRI), United Kingdom, committed to contributing hardware to the two DUNE Far Detectors in South Dakota.

The Canadian Foundation for Innovation John R. Evans Leaders Fund and the Ontario Research Fund in Canada in addition to CERN in Switzerland also signed the memorandum of understanding remotely and will contribute to the DUNE Near Detector in Batavia, Illinois.

Signatures from agencies in the Czech Republic and Spain have been coordinated and will be finalized in the future.

In the memorandum of understanding for Far Detector 1, the United Kingdom and CERN agreed to contribute to anode plane assemblies; Brazil, the Czech Republic, Italy and Spain will contribute to the photon detection system; CERN will contribute to the high-voltage system; Canada, CERN and the U.K. will contribute to the data acquisition system; and Spain will contribute to the calibration and cryogenics instrumentation.

In the memorandum of understanding for Far Detector 2, CERN and France agreed to contribute to top drift electronics; Brazil, the Czech Republic, France, Italy and Spain will contribute to the photon detection system; France and CERN will contribute to the high-voltage system; Canada, CERN and the U.K. will contribute to the data acquisition system; Spain will contribute to the calibration and cryogenics instrumentation; and CERN and France will contribute to the charge readout planes.

Scientists and engineers from more than 35 countries are partnering with Fermilab to design, build and analyze data from DUNE, which will be installed in the new Long-Baseline Neutrino Facility. Construction of LBNF has begun, and the excavation of the large caverns in Lead, South Dakota for the DUNE Far Detectors is more than 85% complete.

The DUNE collaboration comprises more than 1,400 scientists and engineers from over 200 research institutions. Notably, CERN’s commitment to LBNF and DUNE represents its first investment in infrastructure for a physics experiment outside of Europe. Several countries — France, India, Italy, Poland and the United Kingdom — also are making significant contributions to the Proton Improvement Plan II project, which includes the construction of the 215-meter-long superconducting particle accelerator at Fermilab that will power DUNE.

DUNE will be the world’s most comprehensive experiment to study neutrinos: tiny, lightweight particles that permeate the universe but rarely interact with anything. DUNE will seek to determine whether neutrinos could be the reason the universe is made of matter; look for neutrinos emitted from exploding stars to learn more about the formation of neutron stars and black holes; and watch for a rare subatomic phenomenon that could elucidate the unification of nature’s forces.

To pursue these science goals, DUNE will study neutrino oscillation, a phenomenon in which a neutrino’s property, called flavor, changes as it travels. DUNE will probe this oscillation by shooting a beam of neutrinos 1,300 kilometers straight through the earth, from Fermilab’s accelerator complex in Illinois, through the Near Detector to the Far Detectors located a mile underground at SURF in South Dakota.

The science of DUNE is a global endeavor, and the partnership with funding agencies, scientists and engineers from around the world makes it the first truly international mega science experiment to be hosted on U.S. soil. Additionally, hundreds of students from all corners of the earth will start their careers in science, engineering and computing on this project.

Fermi National Accelerator Laboratory is supported by the Office of Science of the U.S. Department of Energy. The Office of Science is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, please visit science.energy.gov.

Attachment

Tracy Marc
Fermilab
2242907803
[email protected]

GlobeNewswire Distribution ID 8990708