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UBISOFT ENTERTAINMENT
UBISOFT STRENGTHENS STRATEGIC FOCUSON BIGGEST BRANDS AND LIVE SERVICES WITH A NEW SET OF MEASURES, CEMENTING LONG-TERM GROWTH AND VALUE CREATION PROSPECTS
2022-23 financial targets updated, introduction of targets for 2023-24
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Paris, January 11, 2023 Ubisoft strengthens strategic focus on biggest brands with a new set of measures, cementing long-term growth and value creation prospects. The Company updates today its 2022-23 financial targets and introduces 2023-24 targets.
Over the past 10 years, Ubisoft teams have organically created one of the deepest and most diversified portfolios of owned IPs in the industry. This has resulted in a significant transformation of the Group, the development of multiple major brands and much stronger recurring revenues thanks to highly successful Live Service games.
Despite these achievements, the Company is facing major challenges as the industry continues to shift towards mega-brands and long-lasting titles than can reach players across the globe, across platforms and business models. Our strategy over the past 4 years has been about building long-lasting live games and adapting our strongest franchises, mainly Assassins Creed, Far Cry, Tom Clancys Ghost Recon, Tom Clancys Rainbow Six and Tom Clancys The Division, to these converging trends to make them truly global brands. However, the games from this investment phase have yet to be released, while our recent launches have not performed as well as expected. Compounding this effect, in the context of worsening macroeconomic conditions, the trends over the Holiday season, in particular the last weeks of December and beginning of January, have been markedly and surprisingly slower than expected.
This overall context has triggered a full review of our revenue prospects leading to increased cautiousness over the coming years. Considering this, combined with the significant additional investments that resulted from lockdown and new working patterns that have had a profound impact on productions across the industry over the past 3 years, Ubisoft is announcing today a set of measures dedicated to strengthening its long-term growth and value-creation prospects:
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Ensure all our energy is focused on building our brands and live services into some of the most powerful within the industry. As a consequence, we have decided to cancel three unannounced projects, on top of the four already announced in July 2022.
Depreciate around 500m of capitalized R&D, concerning upcoming premium and Free-to-Play games and the newly cancelled titles. This notably reflects the increased cautiousness related to the current challenging videogame market and macroeconomic environment as well as the necessary increased focus on fewer titles.
As part of our increased strategic focus, adapt our organization to a more challenging market, with an expected net reduction of our non-variable costs base of more than 200m over the next 2 years. This will be achieved through targeted restructuring, divesting some non-core assets and usual natural attrition. Ubisoft will continue to look at hiring highly talented people for its biggest brands and live services.
Yves Guillemot, Co-Founder and Chief Executive Officer, said We are clearly disappointed by our recent performance. We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending. Despite excellent ratings and players reception as well as an ambitious marketing plan, we were surprised by Mario + Rabbids: Sparks of Hope underperformance in the final weeks of 2022 and early January. Just Dance 2023 underperformed as well. Therefore, with the approval of the Board of Directors, we are taking additional important strategic and operational decisions today. It is key to continue adapting our organization, to further strengthen our execution and to ensure we both deliver amazing games to players as well as great value creation.
The industrys long-term prospects remain promising, and I am convinced Ubisoft is well positioned to benefit from this momentum thanks to the strength of our teams, brands, production capacity, technology and balance-sheet. Our back-catalogue remains very healthy with notably robust activity on Rainbow Six Siege, great momentum for our Assassins Creed games, and generally solid performance from our live games. We expect our strategy to build long-lasting live games and transform our biggest brands into truly global phenomenon with multiple offerings across platforms and business models, to ultimately generate significant value creation, with strong topline and operating income growth over the coming years."
Updated Financial TargetsToday, Ubisoft is revising its Q3 2022-23 net bookings target, now expected at approximately 725m versus the prior target of approximately 830m. This reflects the more challenging environment mentioned previously, which notably resulted in the lower-than-expected performance of Mario + Rabbids: Sparks of Hope and Just Dance 2023.
Players will be able to discover the beauty of Skull and Bones in the upcoming beta phase. The additional time has already paid off and brought impressive improvements to its quality, which has been confirmed by recent playtests. We believe players will be positively surprised by its evolution. We have decided to postpone its release in order to have more time to showcase a much more polished and balanced experience and to build awareness. Skull and Bones will now be released early 2023-24.
All this considered, Ubisoft is revising its full year targets with net bookings expected to be down more than 10% year-on-year versus a prior expectation of up more than 10%. Non-IFRS operating income, reflecting lower net bookings, the postponement of Skull and Bones and the depreciation of capitalized R&D for around 500m, is now expected at -500m versus 400m previously.
Ubisoft is introducing today its 2023-24 non-IFRS operating income target at around 400m reflecting necessary prudence in the current challenging environment, while still expecting an overall strong topline growth thanks to a materially stronger line-up.
Ubisoft balance sheet is strong with around 1.5 billion in cash and cash equivalents after reimbursing the 500m bond expiring at the end of this month.
Frdric Duguet, Chief Financial Officer, said Our decisive reaction and our additional cost optimization measures should help us navigate the current challenging economic environment and ensure a leaner organization for the years to come. Leveraging the biggest pipeline of games in the Ubisofts history, 2023-24 will see the releases of Assassins Creed Mirage, Avatar: Frontiers of PandoraTM, Skull and BonesTM and other yet-to-be-announced premium games, including a large one, as well as promising Free-to-Play titles for some of our biggest brands.
Conference call
Ubisoft will hold a conference call today, Wednesday January 11, 2023, at 6:30 p.m. Paris time/12:30 p.m. New York time. The conference call can be accessed live and via replay by clicking on the following link:
https://edge.media-server.com/mmc/p/akataybp
Forthcoming publication
Ubisofts Q3 2022-23 sales will be reported on February 16, 2023, after market close.
Contacts
Investor RelationsJean-Benot RoquetteSVP Investor Relations+ 33 1 48 18 52 39Jean-benoit.roquette@ubisoft.com
Press Relations Fabien DarriguesDirector of Global CommunicationsFabien.Darrigues@ubisoft.com
Alexandre Enjalbert Senior Investor Relations Manager + 33 1 48 18 50 78
Alexandre.enjalbert@ubisoft.com
DisclaimerThis press release may contain estimated financial data, information on future projects and transactions and future financial results/performance. Such forward-looking data are provided for information purposes only. They are subject to market risks and uncertainties and may vary significantly compared with the actual results that will be published. The estimated financial data have been approved by the Supervisory Board on May 11, 2022, and have not been audited by the Statutory Auditors. (Additional information is provided in the most recent Ubisoft Registration Document filed on June 14, 2022 with the French Financial Markets Authority (lAutorit des Marchs Financiers)).
About UbisoftUbisoft is a creator of worlds, committed to enriching players lives with original and memorable entertainment experiences. Ubisofts global teams create and develop a deep and diverse portfolio of games, featuring brands such as Assassins Creed, Brawlhalla, For Honor, Far Cry, Tom Clancys Ghost Recon, Just Dance, Rabbids, Tom Clancys Rainbow Six, The Crew, Tom Clancys The Division, and Watch Dogs. Through Ubisoft Connect, players can enjoy an ecosystem of services to enhance their gaming experience, get rewards and connect with friends across platforms. With Ubisoft+, the subscription service, they can access a growing catalog of more than 100 Ubisoft games and DLC. For the 202122 fiscal year, Ubisoft generated net bookings of 2,129 million. To learn more, please visit: http://www.ubisoftgroup.com.
2023 Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are registered trademarks in the US and/or other countries.
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Love Island 2023: watch onlineSwipe to scroll horizontallyLove Island 2023: preview
Love Island 2023 starts on Monday January 16, so get cosy and prepare to indulge in the Winter Edition of the UK's biggest TV dating show. Season 9 will see a fresh batch of Islanders eat, sleep, crack on and repeat, in hopes of winning 50,000 but who will be 2023's Davide and Ekin-Su? Keep reading to find out how to watch a Love Island 2023 live stream from anywhere.
Season 9 the first of two series this year takes place in Cape Town, South Africa. The lovesick contestants will be treated to a brand new villa complete with a heart-shaped entrance and greeted by a brand new host, Maya Jama.
The Love Island 2023 lineup includes farmer and TikTok star Will Young (23), student and influencer Tanya Manhenga (22), science teacher Kai Fagan (24), celebrity make-up artist Lana Jenkins (25) and partially-sighted Essex finance guru Ron Hall (25), who lost his sight in one eye while playing football aged eight.
The Love Island 2023 finale is set for March 13 after eight long weeks of pulling for chats, laying it on thick, and making mad moves.
UK viewers can stream episodes of Love Island 2023 free on ITVX every day at 9pm GMT. Not going to be in the UK? You can use a VPN from abroad to watch Love Island 2023 on ITVX for free (opens in new tab) as if you were at home.
There are three simple steps to follow:
1: Get a VPN installed. There are plenty of options, but we'd point you in the direction of ExpressVPN. There's even an offer on right now where you can get an additional three months FREE on a 12-month package and save 49% (opens in new tab). Happily, ExpressVPN is also compatible with pretty much every device you can think of too.
2: Connect to an appropriate server. Select a server located back in your home country and you'll be in and away. And if there's any sniff of an issue, Express's handy 24/7 live chat customer support can come to your rescue.
3: Head over to the service you want. Here you can shop as normal and once you set your location, visit the service you're interested in and sign up as normal or log in, and start watching. And if you don't get along with it, you can always cancel without issue within 30 days and get a full refund. Easy!
It's bad news for Love Island fans in Canada: Season 9 has yet to find a home. However, don't forget that UK and Aussie nationals visiting Canada can use a VPN to watch for free, via their home streaming services (ITVX in the UK; 9Now in Australia).
Love Island 2023 starts on Monday January 16 in both the UK and Australia. US-based viewers will have to wait until Monday January 30 for proceedings to commence.
Maya Jama is the new host of Love Island. Following the announcement, Maya said: "I've always been such a massiveLove Islandfan and I'm so excited to be hosting one of the nations favourite shows! I can't wait to get into the villa to meet all of the Islanders."
Laura Whitmore, who was Caroline Flack's successor and hosted the last three seasons of the show, announced in August 2022 that she would be leaving Love Island.
Famed Scottish comedian and narrator Iain Stirling will once again provide the voiceover as more singletons date and dump potential suitors from Love Island 2023.
New episodes of Love Island 2023 air at 9pm GMT every night on ITV2 / ITVX in the UK.
Yes. Jamie Jewitt and Camilla Thurlow coupled up on Love Island season 3, got married in September 2021, and welcomed their second daughter in May 2022.
Hungry for the best possible TV setup at home? Be sure to take a look at our list of thebest gaming TVs(availableherefor UK readers).
For more streaming options, on the other hand, be sure to take a look at our guides to the latest HBO Max prices and deals, our new Peacock TV costs roundup, and the best Disney Plus deals.
For other ways to keep yourself busy, don't forget about the best board games, the best card games, and the top board games for adults.
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Love Island 2023: watch the Winter edition from anywhere - Gamesradar
Out of all the major sandbox games available in the market, Roblox is one that takes its update cycle most seriously. You cant even launch a game experience without installing the latest version in certain cases. While updating the game on other platforms may be simple, this may not be the case for users running Windows or macOS. Not every platform comes with an app store, where Roblox updates are merely a click away. Luckily, we have you covered in this aspect. In this guide, learn how to update Roblox on your Windows PC or Mac in the easiest way possible.
In the case of most Roblox experiences, you have no option but to keep the platform up to date to open them. But, there are also a bunch of other benefits of keeping Roblox updated, including:
If you use a macOS device to play Roblox, follow the steps below to easily update Roblox on a Mac:
1. First, launch a browser and go to Robloxs official website (visit here). Then, login into your Roblox profile. Unless you are already logged in, the website will automatically redirect you to its login/ signup page.
2. After logging in, open any Roblox experience page from the homepage.
3. Then, click the Play button to launch the Roblox experience.
4. The browser will seek your permission to launch Roblox on your system. Click the Allow button to proceed.
5. Finally, Roblox will open up and automatically update itself before launching your selected experience. This usually takes a few minutes. You can check our list of best Roblox shooting games while you wait for the latest version to install.
Unfortunately, trying to update Roblox often also means dealing with some of its various infamous errors. If you face issues while updating Roblox on Mac, here are a few easy fixes:
In case none of these hotfixes work for you, we also have a dedicated guide to resolve the Roblox not updating on Mac issue. You can use the linked guide to get your game up and running in no time.
There are two editions of Roblox available on Windows. Use the dedicated sections for either version to update the one you prefer.
The Roblox Player is the edition of Roblox you download as an executable (.exe) file and use as a standalone classic software. Follow these steps to update it on Windows:
1. First, launch any Windows browser and go to Robloxs official website (visit here). Then, log into your account.
2. Then, open any of the experiences pages from its homepage by clicking on it.
3. Next, use the Play button to open that experience.
4. Your browser will now try to launch Roblox. After that, click the Open Roblox button when prompted.
5. Finally, Roblox will automatically launch and update itself. All you have to do is wait for the update to finish.
Follow these steps to update the app edition of Roblox thats present on the Microsoft Store within Windows:
1. First, press the Windows key and search for Microsoft Store. Then, open the app.
2. Next, use the search bar at the top and look for Roblox.
3. Finally, click the Update button on Robloxs store page. It can take anywhere between a few seconds to a few minutes for the update to finish.
If you face issues while updating Roblox on Windows, you can use the following quick fixes to resolve them:
We also have a dedicated guide covering how to fix Roblox not updating on Windows. You can find detailed tutorials to utilize the above-mentioned fixes and more solutions with the linked guide.
With that, you are now ready to update and get back to playing Roblox on Windows and Mac with no issues. And once the update finishes updating, we suggest you try some of the best Roblox games with your friends. Though, some of you might face the Roblox error 267 while doing so just after an update. Fortunately, you need to use our linked guide to fix it. With that said, which is your favorite platform to play Roblox on? Tell us in the comments below!
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HostColor.com (HC), has reported to the technology media that it ends 2022 with 29 Virtual Data Centers used for delivering Cloud infrastructure services. As of December 2022, the company delivers Hosted Private Cloud and Public Cloud Server services based on VMware ESXi, Proxmox VE, and Linux Containers' virtualization technologies, and 10Gbps Dedicated Servers from the following data center locations:
Localization of the Cloud services & More Bandwidth At Lower Costs
HostColor announced in November 2022 its Cloud infrastructure service priorities for 2023 - "Localization of the Cloud services" and "Increased bandwidth rate at fixed monthly cost". The company has also said that one of its major business goals for 2023 is to help SMBs take control of their IT infrastructure in a cloud service market, characterized by increasing cloud lock-in, imposed by Big Tech and the major cloud providers.
SMBs To Take Control Of Their IT Infrastructure?
"There are two simultaneously developing trends in the Cloud service market - a growing pressure on the smaller and medium IT infrastructure providers by the leading hyperscalers (compute clouds), and a growing dependence of Users of cloud services from the same those big major clouds. The Users' dependence comes to a point of de-facto cloud lock-in," says HostColor.com founder and CEO Dimitar Avramov. He adds that the biggest cloud infrastructure providers impose complex contractual and pricing terms and procedures that make transitioning data and services to another vendor's platform difficult and very costly.
"As a result of the hyperscalers' policies the cloud service users are highly dependent (locked-in) on a single corporate cloud platform. When it comes to the structure of the services and billing, the business models of the major technology clouds feature a complete lack of transparency. All this results in significant loss of money for SMBs that vary from a couple of thousands to millions of dollars on annual basis, depending on the cloud services they use." explains HostColor's executive. He adds that his company is determined to raise users' awareness about the cloud lock-in and to help as many business owners as it can, to move out their IT infrastructures from the major hyperscalers to smaller and medium cloud service providers.
Cloud computing experts have been long ringing the bell that the vendor lock-in in the cloud is real.
David Linthicum says in an article published at InfoWorld on July 2, 2021, that "Cloud-native applications have built-in dependencies on their cloud hosts, such as databases, security, governance, ops tools, etc." and that "It's not rocket science to envision the day when a cloud-native application needs to move from one cloud to another. It won't be easy."
In a publication in CIO.com titled "10 dark secrets of the cloud", the author Peter Wayner, warns Cloud Users "You're locked in more than you think" and adds that "Even when your data or the services you create in the cloud are theoretically portable, simply moving all those bits from one company's cloud to another seems to take quite a bit of time." Mr. Wayner also says that Uses of the major hyper-scalers are "paying a premium - even if it's cheap" and that performance of the major clouds "isn't always as advertised".
Internal research conducted by HostColor.com between 2019 - 2022 examines the terms of services, pricing, and the Cloud IaaS models of the five biggest cloud infrastructure providers. The research shows that their cloud service terms and pricing models feature a high level of opacity. This results in significant loss of money for their users that vary from a couple of thousands to hundreds of thousands of dollars on annual basis, depending on the services they use.
About HostColor
HostColor.com ( https://www.hostcolor.com ) is a global IT infrastructure and Web Hosting service provider since 2000. The company has its own virtual data centers, a capacity for provisioning dedicated servers and colocation services in 50 data centers worldwide. Its subsidiary HCE ( https://www.hostcoloreurope.com ) operates Cloud infrastructure and delivers dedicated hosting services in 19 European counties.
Release ID: 478856
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HostColor.com Ends 2022 With 29 Locations For Delivery of Cloud ... - Benzinga
Web hosting refers to the practice of hosting a website on a server so that it can be accessed by users over the internet. There are several types of web hosting options available, including shared hosting, virtual private server (VPS) hosting, and dedicated server hosting.
Shared hosting is the most basic and affordable type of web hosting. It involves sharing a single physical server and its resources with multiple websites. This means that each website shares the same CPU, RAM, and disk space as other websites on the server. Shared hosting is suitable for small websites with low traffic and limited resources.
VPS hosting, on the other hand, provides a more isolated and secure environment for hosting a website. In VPS hosting, a single physical server is divided into multiple virtual servers, each with its own resources and operating system. This allows each website to have its own dedicated resources, making it more performant and scalable than shared hosting. VPS hosting is a good option for websites with moderate traffic and resource requirements.
Dedicated server hosting is the most powerful and expensive type of web hosting. In this type of hosting, a single website is hosted on a physical server that is dedicated solely to it. This means that the website has access to all of the servers resources and is not sharing them with any other websites. Dedicated server hosting is suitable for large websites with high traffic and resource demands.
Cloud hosting is a type of web hosting that involves hosting a website on a network of virtual servers, which are distributed across multiple physical servers. This allows for greater scalability and flexibility, as the resources of the virtual servers can be easily adjusted to meet the changing needs of the website.
One of the main advantages of cloud hosting is its scalability. With traditional web hosting, if a website experiences a sudden increase in traffic, it may run out of resources and become slow or unavailable. With cloud hosting, the website can easily scale up its resources to meet the increased demand. This is done by adding more virtual servers to the network or increasing the resources of existing virtual servers.
Another advantage of cloud hosting is its reliability. With traditional web hosting, if a physical server goes down, the websites hosted on it will also be unavailable. With cloud hosting, the virtual servers are distributed across multiple physical servers, so if one server goes down, the other servers can continue to serve the website, ensuring that it remains available.
Cloud hosting is also generally more flexible than traditional web hosting, as it allows for the creation of custom configurations and the use of multiple operating systems. It also often includes additional features such as load balancing, automated backups, and monitoring.
Overall, cloud hosting is a good option for websites that require high scalability, reliability, and flexibility. Its often used by large websites with high traffic and resource demands, such as e-commerce websites and enterprise applications. However, it can also be a good choice for smaller websites that want to take advantage of the scalability and reliability of the cloud. We also recommend reading cloud hosting as well as WordPress hosting on CaveLions.
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LAS VEGAS--(BUSINESS WIRE)--Tachyum ended 2022 with accomplishments including the worldwide debut of Prodigy, the worlds first universal processor for high-performance computing and more than a dozen commercialization partnerships, effectively moving the startup to a leadership position in semiconductors.
2022 marked the introduction of Tachyums Prodigy to the commercial market. Prodigy exceeded its performance targets and is significantly faster than any processors currently available in hyperscale, HPC and AI markets. With its higher performance and performance per-dollar and per-watt, Tachyums Prodigy processor will enable the worlds fastest AI supercomputer, currently in planning stages.
Tachyum signed 14 significant MOUs with prestigious universities, research institutes, and innovative companies like the Faculty of Information Technology at Czech Technical University in Prague, Kempelen Institute of Intelligent Technologies, M Computers, Picacity, LuxProvide S.A. (Meluxina supercomputer), Mat Logica, and Cologne Chip. Other agreements are in progress.
Technical Achievements
The launch of Prodigy followed the successful preproduction and Quality Assurance (QA) phases for hardware and software testing on FPGA emulation boards, and achievements in demonstrating Prodigys integration with major platforms to address multiple customer needs. These included FreeBSD, Security-Enhanced Linux (SELinux), KVM (Kernel-based Virtual Machine) hypervisor virtualization, and native Docker under the Go programming language (Golang).
Software ecosystem enhancements also included improvements to Prodigys Unified Extensible Firmware Interface (UEFI) specification-based BIOS (Basic Input Output System) replacement firmware, incorporating the latest versions of the QEMU emulator and GNU Compiler Collection (GCC). These improvements allow quick and seamless integration of data center technologies into Tachyum-based environments.
Tachyum completed the final piece of its core software stack with a Baseboard Management Controller (BMC) running on a Prodigy emulation system. This enables Tachyum to provide OEM/ODM and system integrators with complete software and firmware stack, and serves as a key component of the upcoming Tachyum Prodigy 4 socket reference design.
In its hardware accomplishments, Tachyum built its IEEE-compliant floating-point unit (FPU) from the ground upone of the most advanced in the world, with the highest clock speedsand progressed to running applications in Linux interactive mode on Prodigy FPGA hardware with SMP (Symmetric Multi-Processing) Linux and the FPU. This proved the stability of the system and allowed Tachyum to move forward with additional testing. It completed LINPACK benchmarks using Prodigys FPU on a FPGA. LINPACK measures a systems floating-point computing power by solving a dense system of linear equations to determine performance. It is a widely used benchmark for supercomputers.
The company published three technical white papers that unveiled never-before-disclosed architectural designs of the system-on-chip (SOC) and AI training techniques, revealing how Prodigy addresses trends in AI, enables deep learning workloads that are more environmentally responsible with lower energy consumption and reduced carbon emissions. One paper defined a groundbreaking high-performance, low-latency, low-cost, low-power, highly scalable exascale-flattened networking solution that provides a superior alternative to the more expensive, proprietary and limited scalability InfiniBand communications standard.
Around the world
Tachyum was a highlight of exhibits at Expo 2020 Dubai with the world premiere of the Prodigy Universal Processor for supercomputers, and presented Prodigy at LEAP22 in Riyadh, Saudi Arabia. Tachyum was named one of the Most Innovative AI Solutions Providers to watch by Enterprise World. Company executives were among the featured presenters at ISC High Performance 2022 and Supercomputing 2022 events.
Looking forward
With its Series C funding, expected to close in 2023, Tachyum will finance the volume production of Prodigy Universal Processor Chip and be positioned for sustained profitability, as well as increase headcount.
2023 will see the company move to tape-out, silicon samples, production, and shipments. After running LINPACK benchmarks using Prodigys FPU on a FPGA there are only four more steps to go before the final netlist of Prodigy: running UEFI and boot loaders loading Linux on the FPGA, completing vector-based LINPACK testing with I/O, followed by I/O with virtualization, RAS (Reliability, Availability and Serviceability).
Prodigy delivers unprecedented data center performance, power, and economics, reducing CAPEX and OPEX significantly. Because of its utility for both high-performance and line-of-business applications, Prodigy-powered data center servers can seamlessly and dynamically switch between workloads, eliminating the need for expensive dedicated AI hardware and dramatically increasing server utilization. Tachyum's Prodigy integrates 128 high-performance custom-designed 64-bit compute cores, to deliver up to 4x the performance of the highest-performing x86 processors for cloud workloads, up to 3x that of the highest performing GPU for HPC, and 6x for AI applications.
Follow Tachyum
https://twitter.com/tachyum https://www.linkedin.com/company/tachyum https://www.facebook.com/Tachyum/
About Tachyum
Tachyum is transforming AI, HPC, public and private cloud data center markets with its recently launched flagship product. Prodigy, the worlds first Universal Processor, unifies the functionality of a CPU, a GPU, and a TPU into a single processor that delivers industry-leading performance, cost, and power efficiency for both specialty and general-purpose computing. When Prodigy processors are provisioned in a hyperscale data center, they enable all AI, HPC, and general-purpose applications to run on one hardware infrastructure, saving companies billions of dollars per year. With data centers currently consuming over 4% of the planets electricity, predicted to be 10% by 2030, the ultra-low power Prodigy Universal Processor is critical to continue doubling worldwide data center capacity every four years. Tachyum, co-founded by Dr. Radoslav Danilak is building the worlds fastest AI supercomputer (128 AI exaflops) in the EU based on Prodigy processors. Tachyum has offices in the United States and Slovakia. For more information, visit https://www.tachyum.com/.
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Tachyum Celebrates 2022 and Announces 2023 Series C and ... - Business Wire
In 2017, three researchers from the National Research Institute for Agriculture, Food and the Environment (INRAE), Denis Bourguet, Benoit Facon and Thomas Guillemaud, founded Peer Community In (PCI), a peer-review-based service for recommending preprints (referring to the version of an article that a scientist submits to a review committee). The service greenlights articles and makes them and their reviews, data, codes and scripts available on an open-access basis. Out of this concept, PCI paved the way for researchers to regain control of their review and publishing system in an effort to increase transparency in the knowledge production chain.
The idea for the project emerged in 2016 following an examination of several failings in the science publishing system. Two major problems are the lack of open access for most publications, and the exorbitant publishing and subscription fees placed on institutions.
Even in France, where the movement for open science has been gaining momentum, half of publications are still protected by access rights. This means that they are not freely accessible to citizens, journalists, or any scientists affiliated with institutions that cannot afford to pay scientific journal subscriptions. These restrictions on the free circulation of scientific information are a hindrance to the sharing of scientific knowledge and ideas at large.
Moreover, the global turnover for the academic publishing industry in science, technology and medicine is estimated at US$10 billion for every 3 million articles published. This is a hefty sum, especially given that profit margins enjoyed by major publishing houses have averaged at 35-40% in recent years. Mindful of these costs and margins, the PCI founders wanted scientists and institutions to take back control of their own publishing. And so, in 2017, the Peer Community In initiative was born.
PCI sets up communities of scientists who publicly review and approve pre-prints in their respective fields, while applying the same methods as those used for conventional scientific journals. Under this peer-review system, editors (known as recommenders) carry out one or more review rounds before deciding whether to reject or approve the preprint submitted to the PCI. Unlike virtually all traditional journals, if an article is approved, the editor must write a recommendation outlining its content and merits.
This recommendation is then published along with all other elements involved in the editorial process (including reviews, editorial decisions, authors responses, etc.) on the site of the PCI responsible for organising the preprint review. This level of transparency is what makes PCI unique within the current academic publishing system.
Lastly, the authors upload the finalised, approved and recommended version of the article free of charge and on an open access basis to the preprint server or open archive.
PCI is making traditional journal publication obsolete. Due to its de facto peer-reviewed status, the finalised, recommended version of the preprint is already suitable for citation. In France, PCI-recommended preprints are recognised by several leading institutions, review committees and recruitment panels at the National Centre for Scientific Research (CNRS). At the Europe-wide level, the reviewed preprints are recognised by the European Commission and funding agencies such as the Bill and Melinda Gates Foundation and the Wellcome Trust.
PCI is also unique in its ability to separate peer review from publishing, given that approved and recommended preprints can still be submitted by authors for publication in scientific journals. Many journals even advertise themselves as PCI-friendly, meaning that when they receive submissions of PCI-recommended preprints, they take into account the reviews already completed by PCI in order to speed up their editorial decision-making.
This initiative was originally intended exclusively for PCIs to review and recommend preprints, but authors were sometimes frustrated to only see their recommended preprint on dedicated servers (despite being reviewed and recommended, preprints are still poorly indexed and not always recognised as genuine articles) or having to submit it for publication in a journal at the risk of being subjected to another round of review. However, since the creation of Peer Community Journal, scientists now have access to direct, unrestricted publishing of articles recommended by disciplinary PCIs.
Peer Community Journal is a diamond journal, meaning one that publishes articles with no fees charged to authors or readers. All content can be read free of charge without a pay-wall or other access restrictions. Designed as a general journal, Peer Community Journal currently comprises 16 sections (corresponding to the PCIs in operation) and is able to publish any preprint recommended by a disciplinary PCI.
Currently there are 16 disciplinary PCIs (including PCI Evolutionary Biology, PCI Ecology, PCI Neuroscience and PCI Registered Reports) and several more are on the way. Together, they boast 1,900 editors, 130 members in the editorial committees and more than 4,000 scientists-users overall. PCI and Peer Community Journal are recognised by 130 institutions worldwide, half of which (including the University of Perpignan Via Domitia) support the initiative financially. The number of French academics who are familiar with and/or who use PCI varies greatly between scientific communities. The percentage is very high among communities with a dedicated PCI (e.g., the ecology or evolutionary biology communities, with PCI Ecology and PCI Evol Biol, wherein an estimated half of scientists are now familiar with the system), but remains low among those without one.
To date, more than 600 articles have been reviewed through the system. Biology maintains a significant lead, but more and more fields are popping up, including archaeology and movement sciences. There is still plenty of scope for growth, in terms of greater investment from those familiar with the system and the creation of new PCIs by scientists from fields not yet represented by the current communities.
Other open-science initiatives have been set up across the globe, but none have quite managed to emulate the PCI model. Mostly limited to offers of peer-reviewed preprints (often directly or indirectly requiring a fee), these initiatives, such as Review Commons and PreReview, do not involve an editorial decision-making process and are therefore unable to effect change within the current publishing system.
While the PCI model is undeniably growing and now garners more than 10,000 unique visitors per month across all PCI websites, the creation of Peer Community Journal shows that the traditional academic publishing system is still intact. And it will doubtless endure into the near future, even though the preprint approval offered will hopefully become a sustainable model due to its cost-effectiveness and transparency across the board.
In the meantime, PCI and Peer Community Journal present a viable alternative for publishing diamond open access articles that are completely free of charge for authors and readers. In these changing times of unbridled, unjustifiable inflation placed on subscription and publishing prices, numerous institutions and universities are backing the rise of these diamond journals. PCI and Peer Community Journal embrace this dynamic by empowering all willing scientific communities to become agents of their own review and publishing process.
When science and society nurture each other, we reap the benefits of their mutual dialogue. Research can draw from citizens own contributions, improve their lives and even inform public decision-making. This is what we aim to show in the articles published in our series Science and Society, A New Dialogue, which is supported by the French Ministry of Higher Education and Research.
Denis Bourguet, Inrae; Etienne Rouzies, Universit de Perpignan, and Thomas Guillemaud, Inrae
This article is republished from The Conversation under a Creative Commons license. Read the original article.
Denis Bourguet is co-founder of Peer Community In and Peer Community Journal and president of the Peer Community In association.
Thomas Guillemaud is co-founder and works on the operation of Peer Community In and Peer Community Journal. Peer Community In has received over 100 funding from public bodies including the Ministry of Higher Education and Research, numerous universities and research organisations since 2016.
Etienne Rouzies does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
INRAE provides funding as a founding partner of The Conversation FR.
Universit de Perpignan provides funding as a member of The Conversation FR.
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Rita Walter (ne McLaughlin) passed away on Christmas.
On December 26, David McLaughlin, the brother of former As the World Turns star Rita Walter, reported that she had died a day earlier, on the anniversary of her exit from the soap in 1981 following an 11-year run as Carol Deming Hughes Stallings Andropoulos Frazier.
My sweet, loving sister Rita was called to Jesus on His birthday,read his message. She was a well-known actress as well as dedicated server of the Lord Jesus.
May you rest in peace, sis. I love you forever, he added. Youve taken my heart with you.
Walter, who has three children with her reverend husband, got her big break in the 1960s when she landed the uncredited role of Patty Dukes double on The Patty Duke Show. Six years later, the budding soap star made her daytime debut as Wendy Phillips on The Secret Storm.
But it was the role of As the World Turns plucky Carol that really put Walter on the map. Introduced to the Oakdale scene as a college student working for much-married Lisa, the heroine tied the knot with her boss son, Tom, only to have second husband Jay Stallings cheat on her with her exs subsequent wife, Natalie!
Thats Walter on the right, third row down.
Credit: CBS/Courtesy of the Everett Collection
Later, Carol, who seemed to attract calamities like flames do moths, wound up adopting Natalies daughter with Jay, who was killed in a construction accident from which he couldve been saved by colleague Steve Andropoulos, who, needless to say, became her next husband. Following their split Carol wouldnt put her daughters neck on the line so that Steve could conduct shady business with James Stenbeck art imitated life when she married a reverend and left town.
Since retiring from showbiz, Walter, 71 when she passed away, had been working as an optician. On this somber occasion, pay your respects to the other soap alumni weve lost in 2022 via the below photo gallery.
See more here:
Soap Star Dies: Rita McLaughlin Walter, Carol on As the World Turns - Soaps.com