In this week's TechNave Business Bytes for Week 1 of April 2024, Samsung Electronics received 75 awards at the iF Design Awards 2024, while LG Electronics reported strong financial performance for Q1 2024. Brother Malaysia donated RM20,000 to the National Cancer Society Malaysia (NCSM) and Schneider Electric discussed key data center trends for 2024, focusing on AI.
PRO-NET secured RM200 million in financing from CIMB and GrabFin Malaysia collaborated with Mitra Kembara Sdn Bhd to offer Umrah Financing for Muslim Grab driver-partners. Samsung Malaysia partnered with Semua House Kuala Lumpur to create a Galaxy AI experiential zone and Kaspersky highlighted the cybersecurity threat landscape in Southeast Asia for 2023, with Malaysia among the countries facing the most local threats.
The 18th Cohort Cyberview Living Lab Accelerator Programme selected seven local startups while LogRhythm unveiled LogRhythm Axon, a cloud-native SIEM platform designed to enhance security communication, streamline auditing, and improve operational efficiency. Do read on for more details.
Samsung Electronics Awarded 75 trophies across nine categories at iF Design Awards 2024
Samsung Electronics recently won 75 awards at the iF Design Awards 2024, including two Gold Awards for the Samsung OLED TV (S95C) and the packaging of the Galaxy Z Flip5 Maison Margiela Edition. The OLED TV (S95C) features an ultra-slim thickness of 11mm and Dolby Atmos for immersive audio-visual experiences while the Galaxy Z Flip5 Maison Margiela Edition packaging reflects the brand's unfinished style with a distinct stitching pattern and paper-based woven book cloth fabric.
Samsung also received awards for the Bespoke AI Laundry Combo™, Music Frame, Galaxy Z Flip5, Galaxy Z Fold5, Daily Board, Q-Symphony, and the Design Samsung Website. These products and services showcase Samsung's commitment to design innovation and enhancing user experiences. For more information, please visit their site.
LG releases preliminary earnings for Q1 2024
LG Electronics reported record-breaking first-quarter revenues of KRW 21.09 trillion, surpassing KRW 1 trillion in operating profit for the fifth consecutive year. The company's innovative business models, product strategy, and focus on premium market competitiveness contributed to this achievement.
LG aims to expedite the paradigm shift in home appliances through subscription services and incorporate Affectionate Intelligence into its devices. The vehicle component solutions business is experiencing growth with a secured backlog of orders and plans to bolster software capabilities. The home entertainment business is expanding with the launch of new OLED TVs and the development of the webOS platform business.
Brother Malaysia provides donation worth RM20000 to fund breast cancer screenings
Brother International Malaysia recently donated RM20,000 to the National Cancer Society Malaysia (NCSM) for breast screenings and the operating costs of NCSM's Children's Home of Hope. The donation will support breast screenings for 40 underprivileged women and cover bills and utilities at the children's home.
Schneider Electric on AI, Scarcity, Power, and Other Data Centre Trends for 2024
The year 2023 witnessed significant advancements in AI, with Malaysia aiming to become a regional AI hub and establishing its first AI faculty in a public research university. The government emphasized the need for digital innovation and talent in AI to ensure sustainable economic development.
AI is projected to be the leading driver of data center demand, with AI data centers posing challenges such as higher server densities. Schneider Electric predicts that AI will enable operators to better manage assets through AI-driven tools. Modularity and build-to-suit approaches are gaining traction due to scarcity and capacity issues, while alternative energy sources, liquid cooling, and quantum computing are emerging trends to watch.
PRO-NET obtains RM200 million in financing from CIMB to import and distribute smart electric vehicles in Malaysia and Thailand
PRO-NET, a subsidiary of Proton, secured RM200 million financing from CIMB for its green mobility initiative and importing smart #1 EVs to Malaysia and Thailand. PRO-NET is the exclusive importer and distributor of smart vehicles in these countries, offering a holistic electric mobility solution with 13 dealerships, aftersales services, and a user-friendly app.
The company aims to fulfill Proton's commitment to electric vehicles, leading the transition to New Energy Vehicles and developing the Automotive High Tech Valley in Tanjong Malim. This financing will enhance PRO-NET's digital ecosystem, supply chain, and network to meet the rising demand for EVs and support Malaysia's carbon neutrality goal.
GrabFin Malaysia and Mitra Kembara collaborated to introduce Umrah Financing for Muslim Grab Driver-partners
GrabFin Malaysia recently partnered with Mitra Kembara Sdn Bhd to provide Umrah Financing for Muslim Grab driver-partners, offering a customized 12D10N Umrah travel package from August to November 2024. The package includes accommodations, meals, economy flight tickets, a guidebook, and a Saudi sim card.
This partnership aims to support Grab driver-partners in fulfilling their religious aspirations without immediate financial burden, as part of Grab's commitment to democratize financing solutions and create a lasting impact on their community.
Samsung Malaysia collaborates with Semua House to create Galaxy AI experiential zone
Samsung Malaysia recently collaborated with Semua House Kuala Lumpur to merge art and technology, transforming the historic landmark with innovative arts and culture offerings. The partnership aims to redefine consumer experiences through the Galaxy S24 series powered by Galaxy AI.
Visitors can immerse themselves in the KA.IN fashion community space, featuring experiential stations like the Immersive Raya Dark Room, Balik Kampung Photo Booth, and Raya Photography Art Exhibition, all powered by Galaxy AI. By completing missions at these stations, visitors can redeem treats from Samsung Malaysia. Additionally, individuals can download the Try Galaxy app on any Android device to experience Galaxy AI and receive freebies.
Kaspersky: Local threats in Southeast Asia for 2023
In 2023, Southeast Asia faced nearly 43 million local threats targeting organizations, with Kaspersky business solutions blocking over 42 million local infections. While global threats increased, most SEA countries saw a slight decline in local threats detected, except for Singapore, which experienced a 67% year-over-year surge.
Vietnam, Indonesia, and Thailand had the highest number of local threats but Malaysia came in at number 4. Kaspersky recommends robust security solutions, firewalls, anti-rootkit functionality, and control over removable devices to protect against local attacks.
18th Cohort Cyberview Livin Lab Accelerator Programme selects 7 local start-ups
Recently, the Cyberview Living Lab Accelerator (CLLA) Programme has selected seven local start-ups for its 18th Cohort, focusing on smart living, green technology, digital solutions, and AI & robotics. The five-month program supports research and development, aiming for Product-Market-Fit and market demand alignment.
The start-ups are MengajiOnline, NexoPrima, MindnRobotics, SOLVNEX, SmartPeep, Bual Design, and BriqBloq. Start-ups receive incentives, workspace, business advisory, and mentoring to develop viable business models and gain market access.
LogRhythm Axon unveiled for Cloud-Native SIEM Platform
LogRhythm's 8th quarterly release enhances global security communication and collaboration by introducing seamless dashboard and search import/export to community repositories. Key features streamline auditing for compliance standards and enable greater efficiency with security analytics mapped to MITRE ATT&CK use cases.
LogRhythm Axon equips security professionals with advanced intelligence and analytics capabilities to stay ahead of threats and safeguard digital assets. New SIEM enhancements improve data management and operational efficiency, including access control based on entities and RBAC controls, simplified log source retirement, and an expanded library of supported log sources. Check out the site for more details.
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