Breaking #AI #Stock News: FatBrain (OTCQB: $LZGI) Acquires
Confidential Computing Platform ZeroTrust to Protect Data Privacy and
Accelerate Innovation for Millions of Growth Businesses; @Fatbrainai #artificialintelligence
NEW
YORK, NY, October 19, 2022, (Investorideas.com Newswire) LZG International, Inc. (FatBrain AI)
(OTCQB: LZGI), the leader in
powerful and easy-to-use artificial intelligence (AI) solutions for star
enterprises of tomorrow, has acquired the confidential computing and privacy
intellectual property (IP) plus software assets of Zero2A PTE LTD ("ZeroTrust
Platform"), a software company based in Singapore.
Read
this news, featuring LZGI in full at https://www.investorideas.com/CO/LZGI/news/2022/10191Acquires-ZeroTrust.asp
ZeroTrust
Platform secures privacy-enabled data collaboration for all enterprises,
including in the energy, mobile, logistics, healthcare, finance, insurance,
pharma, food security and supply chain segments. The Platform allows businesses
to cooperate in learning across sensitive or regulated first-party and
third-party data to unlock the hidden, multi-level insights available only from
the emergent data network. ZeroTrust simplifies and accelerates hierarchical
data-led innovation, while bolstering compliance, including GDPR, CCPA, HIPAA,
data provenance and data residence regimes. Moreover, the Platform orchestrates
Confidential Computing technologies now natively available in most hardware, making
it easy to deploy secure, private, collaborative environments built on public
and private cloud infrastructure.
Startup
and midsize enterprises (sometimes called SMEs) can benefit from the Platform's
data privacy guarantees that today are only available to enterprises with large
tech teams. With a FatBrain subscription, SMEs can now share their
"small" business data to harness AI solutions for comprehensive
insights with no privacy risks.
"All
companies need cloud economics to accelerate innovation, but many get stuck
trusting their data to others," said Peter B. Ritz, co-founder and CEO of
FatBrain. "ZeroTrust Platform is a critical enabler for many and small to
beat large and heavy," he added, paraphrasing U.S. Naval College Prof.
John Arquilla on modern warfare in Bitskrieg: The New Challenge of
Cyberwarfare, Polity Books (2021). "The Platform guarantees trust and
fosters cooperative innovation to join the Peer Intelligence network, to harness
opportunities while minimizing risks. It's Kaggle meets WAZE."
"We're
simplifying and scaling innovation," said Soubir Acharya, Chief Architect
at FatBrain and CTO-emeritus at cloud mobility pioneers Kubisys and SyncSort.
"Our F500 clients experienced the security and performance of Confidential
Computing on IBM mainframes, each within their enterprise silos. With ZeroTrust
Platform orchestrating modern cloud hardware, millions of enterprises across
millions of apps can take advantage of our Peer Intelligence AI Solutions as a
core part of their subscription."
This
release does not constitute an offer to sell or a solicitation of offers to buy
any securities of any entity. This release contains certain forward-looking
statements based on our current expectations, forecasts and assumptions that
involve risks and uncertainties. Forward-looking statements in this release are
based on information available to us as of the date hereof. Our actual results
may differ materially from those stated or implied in such forward-looking
statements, due to risks and uncertainties associated with our business, which
include the risk factors disclosed in our Form 10-K filed with the Securities
and Exchange Commission on September 13, 2022. Forward-looking statements include
statements regarding our expectations, beliefs, intentions, or strategies
regarding the future and can be identified by forward-looking words such as
"anticipate," "believe," "could,"
"estimate," "expect," "intend," "may,"
"should," and "would" or similar words. All forecasts
provided by management in this release are based on information available at
this time and management expects that internal projections and expectations may
change over time. In addition, the forecasts are based entirely on management's
best estimate of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and existing
customers about our products and services. We assume no obligation to update
the information included in this press release, whether as a result of new
information, future events or otherwise.
About FatBrain AI (LZG International,
Inc.):
FatBrain
AI (LZG International, Inc.; OTCQB:LZGI) provides powerful and easy-to-use AI
solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow,
innovate, and drive the majority of the global economy. FatBrain's AI 2.0
technologies and advanced data services transform continuous learning,
narrative reasoning, cloud and blockchain technologies into auditable,
explainable and easy to integrate AI solutions. FatBrain's subscription model
allows all companies to deploy its advanced AI solutions quickly and easily,
securely utilizing them on premises behind their firewalls or via cloud.
For
more information, please visit: https://www.fatbrain.ai
About Zero2AI PTE LTD:
Zero2AI
PTE LTD is a software company based in Singapore, focused on developing
applications which harness open-source AI models, packages, and solutions
across many business and consumer markets.
For
more information, please visit: http://zero2ai.sg
Media Inquiries:
Dennis
Carey
SOURCE:
LZG International, Inc.
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