Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update

LUXEMBOURG / ACCESSWIRE / May 30, 2024 / Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the third quarter of Fiscal Year 2024 ended March 31, 2024.

Moolec Science Logo
Moolec Science Logo

The main highlights of Moolec’s business update are as follows:

  • Piggy Sooy™ Product | Soybean Platform: Moolec’s patented soybean product received USDA-APHIS Regulatory Status Review approval in April 2024.
  • Safflower Platform: GLASO™ planting campaign progressing as expected. Two US Patents granted for production of chymosin in safflower seeds (SPC2) extended exclusive technology protection until 2041.
  • Financial highlight: Normalized revenues and other income (Ex-IAS 29) up ~$1.3M YoY given consolidation of soy-protein ingredient business. R&D, Admin and other expenses of $2.3M increased 68% YoY mainly due to non-cash items. Operational cash utilization this quarter of ~$2.6M includes ~$1.4M allocated to lower accounts payable.

"These past few months mark a significant milestone in Moolec’s journey, showcasing our relentless pursuit to deliver results. Our progress on Piggy Sooy™ with the USDA-APHIS regulatory RSR approval, in addition to the starting of our GLASO™ commercial production streams are pivotal achievements that underscore our unwavering commitment to nutritional and sustainable solutions. I am thrilled to witness just the beginning of the fruits of our labor and am grateful for the continued and unwavering dedication of our team," expressed Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

José López Lecube, Chief Financial Officer for the company, stated, "We are very pleased with our team’s consistent milestones delivery as we are addressing meaningful market opportunities. We remain confident in our disciplined approach to spending while preserving an adequate cash position and balance sheet to fund the business. I want to extend my congratulations to our team for the exceptional USDA-APHIS regulatory RSR approval, a major achievement for our long-term business plan execution."

For a full version of Moolec’s first quarter Fiscal Year 2024 Business Update, click here.

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar. To access the call, please use the following information:

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Forward-Looking Statements

This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header "Risk Factors" in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information

Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

Related Files

Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update – May 30, 2024

SOURCE: Moolec Science

.

View the original press release on newswire.com.

Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update

LUXEMBOURG / ACCESSWIRE / May 30, 2024 / Moolec Science SA (NASDAQ:MLEC) a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming technology, announced today its Business Update for the third quarter of Fiscal Year 2024 ended March 31, 2024.

Moolec Science Logo
Moolec Science Logo

The main highlights of Moolec’s business update are as follows:

  • Piggy Sooy™ Product | Soybean Platform: Moolec’s patented soybean product received USDA-APHIS Regulatory Status Review approval in April 2024.
  • Safflower Platform: GLASO™ planting campaign progressing as expected. Two US Patents granted for production of chymosin in safflower seeds (SPC2) extended exclusive technology protection until 2041.
  • Financial highlight: Normalized revenues and other income (Ex-IAS 29) up ~$1.3M YoY given consolidation of soy-protein ingredient business. R&D, Admin and other expenses of $2.3M increased 68% YoY mainly due to non-cash items. Operational cash utilization this quarter of ~$2.6M includes ~$1.4M allocated to lower accounts payable.

"These past few months mark a significant milestone in Moolec’s journey, showcasing our relentless pursuit to deliver results. Our progress on Piggy Sooy™ with the USDA-APHIS regulatory RSR approval, in addition to the starting of our GLASO™ commercial production streams are pivotal achievements that underscore our unwavering commitment to nutritional and sustainable solutions. I am thrilled to witness just the beginning of the fruits of our labor and am grateful for the continued and unwavering dedication of our team," expressed Gastón Paladini, Chief Executive Officer and Co-Founder of Moolec Science.

José López Lecube, Chief Financial Officer for the company, stated, "We are very pleased with our team’s consistent milestones delivery as we are addressing meaningful market opportunities. We remain confident in our disciplined approach to spending while preserving an adequate cash position and balance sheet to fund the business. I want to extend my congratulations to our team for the exceptional USDA-APHIS regulatory RSR approval, a major achievement for our long-term business plan execution."

For a full version of Moolec’s first quarter Fiscal Year 2024 Business Update, click here.

Management will host a Conference Call and question-and-answer session, which will be accompanied by a presentation available during the webinar. To access the call, please use the following information:

Please connect 5 minutes prior to the start time to register and join.

A recording of the call and the pdf version of the presentation will be available after the conclusion of the live event via Moolec’s Investor Relations website.

About Moolec Science SA

Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.

Forward-Looking Statements

This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header "Risk Factors" in the Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of Moolec’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information

Catalina Jones
Chief of Staff & Sustainability
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

Related Files

Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update – May 30, 2024

SOURCE: Moolec Science

.

View the original press release on newswire.com.

Simplify Green Claim Verification and Certification With the SGS Green Mark

The SGS Green Mark, with a market-leading seven environmental attributes, simplifies the process of verifying and certifying product green claims to build trust and minimize the risk of greenwashing.

GENEVA, SWITZERLAND / ACCESSWIRE / May 30, 2024 / Launching the SGS Green Mark to enable brands, manufacturers, suppliers and retailers to meet rising consumer demand for greener products and services, SGS, the world’s leading testing, inspection and certification company, continues to extend its portfolio of sustainability services.

SGS Green Mark
SGS Green Mark
SGS Green Mark – Recycled Content

Developed by SGS experts, the SGS Green Mark comprises seven single attribute claims, making it the most diverse environmental claim certification and verification scheme on the market.

As governments and regulators around the world look to scrutinize and tackle greenwashing, more and more companies are seeking third-party verification and certification of their environmental actions to demonstrate the validity of their materials and processes in the manufacturing and supply of a wide range of products from garments, fabrics, food service ware and plastic packaging to data cables, electronics and furniture.

Utilizing the SGS logo, which is recognized around the world, the SGS Green Mark demonstrates compliance with pre-defined standards relating to the following seven environmental attributes:

  • Hazardous substance assessed
  • Recycled content
  • PFAS-assessed
  • Biobased
  • PVC-free
  • Industrial compostable
  • Biodegradability­

Products are independently assessed in accordance with recognized standards and a technical review is conducted by an industry specialist to confirm the product claim is scientifically justified. Once compliance has been confirmed through rigorous assessment within SGS’s global network of laboratories, a product can display the fully traceable SGS Green Mark. This mark shows details of the environmental claim and assessment standard(s). It also displays a QR code to give consumers access to further information that verifies the claim’s authenticity.

Following the company’s piloting of the scheme, a range of companies from electronic and textile sectors have already gained the SGS Green Mark with consumers now benefiting from products displaying the SGS logo and QR code.

Charles Ly Wa Hoi, Executive Vice President, SGS said: "We anticipate that the SGS Green Mark, with its independent third-party assessment, will become a market-leading solution for environmentally responsible organizations around the world."

Customer testimonials:

Arch Textiles Manufacture Corp: "We are proud to have gained an SGS Green Mark for our innovative Magnif-ECO® recycled fiber. This signifies another step towards establishing a global reputation as a socially responsible company at the cutting edge of sustainable textile innovation."

Samsung Display: "The SGS Green Mark (Hazardous Substance Assessed) certification of all OLED products for laptops in 2023 is a great achievement in the development of our eco-friendly technology and will provide consumers with better choices."

Learn more: SGS Green Mark
Promo Video

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.

Contact Information

Kate Seiler
Global Marketing Director, Connectivity & Products, SGS
cp.media@sgs.com

SOURCE: SGS SA

.

View the original press release on newswire.com.

Mutual Benefit Group คว้ารางวัล Duck Creek Standard of Excellence Customer Award ในงาน Formation ’24

Mutual Benefit Group (MBG) คว้ารางวัล Standard of Excellence Customer Award จากการบูรณาการ SPLICE Software ด้วย Duck Creek OnDemand Claims

บอสตัน, May 30, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies ผู้ให้บริการโซลูชันอัจฉริยะที่กำหนดอนาคตของทรัพย์สินและอุบัติเหตุ (P&C) และการประกันภัยทั่วไป เลือก Mutual Benefit Group (MBG) ได้รับรางวัล Standard of Excellence Customer Award ประจำปี 2567 ที่ Formation ’24 ในแดลลัส

รางวัล Duck Creek Standard of Excellence Customer Awards ยกย่องลูกค้าที่ประสบความสำเร็จในระดับความเป็นเลิศสูงสุดผ่านการนำโซลูชันของ Duck Creek ไปใช้ และมีวิสัยทัศน์ในการพัฒนาธุรกิจของตน และขณะเดียวกันก็พลิกโฉมอนาคตของการประกันภัย

MBG ได้รับรางวัล Standard of Excellence Customer Award จากการบูรณาการโซลูชันการส่งข้อความของ SPLICE Software และโซลูชันการสำรวจ NPS ของ SPLICE ด้วย Duck Creek OnDemand Claims

MBG ต้องการปรับปรุงกระบวนการเคลมผู้ถือกรมธรรม์ให้เป็นส่วนตัวและเป็นไปในรูปแบบเชิงรุกมากขึ้น โดยแจ้งให้ผู้ถือกรมธรรม์ทราบในทุกจุดของกระบวนการ MBG ใช้ประโยชน์จากความร่วมมือระหว่าง Duck Creek และ SPLICE และการบูรณาการเพื่อยกระดับประสบการณ์การเรียกร้องค่าสินไหมทดแทน ซึ่งทำให้ MBG สามารถใช้โซลูชันการเคลมที่เป็นนวัตกรรมใหม่ได้ ในขณะเดียวกันก็รับประกันว่าลูกค้าจะได้รับข้อมูลที่ถูกต้องในเวลาที่เหมาะสม

MBG ได้รับการแนะนำให้รู้จักกับ SPLICE ที่งาน Duck Creek Technologies 2022 Formation Conference ในเมืองออร์แลนโด รัฐฟลอริดา SPLICE นำเสนอผลิตภัณฑ์การสื่อสารด้านประสบการณ์ลูกค้าแบบอัตโนมัติ กล่าวคือเป็นโซลูชันการส่งข้อความอัตโนมัติที่เป็นนวัตกรรมใหม่ เป้าหมายของโครงการนี้คือการสนับสนุนการเปลี่ยนแปลงทางดิจิทัลของ MBG โดยการนำโปรแกรมการสื่อสารเชิงกลยุทธ์นี้ไปใช้

ปัจจุบัน MBG ได้แจ้งเรื่องเกี่ยวกับการเคลมแก่ลูกค้าอย่างต่อเนื่องผ่านข้อความ โดยมีจุดสัมผัส (touchpoint) ที่แตกต่างกัน 13 จุดของการเคลม นอกจากนี้ แพลตฟอร์ม Duck Creek ยังได้รับการกำหนดค่าให้บันทึกไฟล์การเคลมโดยอัตโนมัติเมื่อมีการส่งการแจ้งเตือนของ SPLICE และบันทึกข้อผิดพลาดใด ๆ ที่อาจเกิดขึ้น

ความคล่องตัวและการสนับสนุนของทั้ง SPLICE และ Duck Creek ทำให้ MBG สามารถบูรณาการและทำให้ข้อความเป็นไปอย่างอัตโนมัติได้อย่างสมบูรณ์ ในขณะที่ยังคงความสามารถในการส่งข้อความด้วยตนเองได้เช่นกัน การมีโซลูชันข้อความที่สอดคล้องกับคุณสมบัติส่วนบุคคลและการบูรณาการที่พร้อมใช้งานแบบทันทีโดยยังคงความสามารถในการปรับแต่งได้อย่างง่ายดายเพื่อให้ทำงานกับข้อมูลและความต้องการของ MBG ได้ช่วยประหยัดเวลาสำหรับพนักงาน MBG และขณะเดียวกันก็รักษาทุกอย่างไว้ใน Duck Creek โดยไม่สูญเสียคุณค่าหลักของ MBG และช่วยปกป้องสถานะที่ดีทางเศรษฐกิจ ความมั่นคง และความสัมพันธ์ที่มีอยู่ของผู้ถือกรมธรรม์

“Mutual Benefit Group (MBG) เป็นบริษัทที่ให้ความสำคัญกับประสบการณ์ของผู้ถือกรมธรรม์อย่างแท้จริง” Jenna Ha รองประธานฝ่ายปฏิบัติการของ MBG กล่าว “MBG ทำงานร่วมกับ SPLICE เพื่อให้แน่ใจว่าผู้ถือกรมธรรม์จะได้รับข้อมูลที่ถูกต้องและทันเวลาอยู่เสมอ และได้ใช้แอปพลิเคชันและโปรแกรมการสำรวจ Thrive™ ของเราเพื่อปรับปรุงประสบการณ์ทั้งภายในและของผู้ถือกรมธรรม์อย่างต่อเนื่อง SPLICE รู้สึกตื่นเต้นที่จะได้ร่วมงานกับ MBG ต่อไปในโครงการริเริ่มด้านประสบการณ์ลูกค้าและพนักงาน”

Duck Creek เฉลิมฉลองความสำเร็จอันน่าทึ่งของ MBG ในอุตสาหกรรมประกันภัยด้านทรัพย์สินและอุบัติเหตุ (P&C)

เกี่ยวกับ Duck Creek Technologies

Duck Creek Technologies คือผู้ให้บริการโซลูชันอัจฉริยะที่กำหนดอนาคตของทรัพย์สินและอุบัติเหตุ (P&C) และอุตสาหกรรมประกันภัยทั่วไป เราเป็นแพลตฟอร์มที่ใช้สร้างระบบประกันภัยสมัยใหม่ ซึ่งช่วยให้อุตสาหกรรมใช้ประโยชน์จากพลังของระบบคลาวด์เพื่อการดำเนินการที่คล่องตัว ชาญฉลาด และเป็นมิตรต่อสิ่งแวดล้อม ความถูกต้อง วัตถุประสงค์ และความโปร่งใสเป็นหัวใจสำคัญของ Duck Creek และเราเชื่อว่าการประกันภัยควรมีให้สำหรับบุคคลและธุรกิจในเวลา ในสถานที่ และในเหตุผลที่พวกเขาต้องการมากที่สุด เราจำหน่ายโซลูชันชั้นนำของตลาดแบบแยกเดี่ยวหรือเป็นแบบทั้งชุด ผ่านทาง Duck Creek OnDemand กรุณาไปที่ www.duckcreek.com เพื่อเรียนรู้เพิ่มเติม ติดตาม Duck Creek บนช่องทางโซเชียลของเราเพื่อรับข้อมูลล่าสุดได้ผ่านทาง LinkedIn และ X

เกี่ยวกับ MBG

MBG มุ่งมั่นที่จะสร้างประสบการณ์การประกันภัยที่เป็นประโยชน์ต่อคุณ เราให้ความคุ้มครองประกันภัยสำหรับรถยนต์ บ้าน และธุรกิจมาตั้งแต่ปี 2451 เราทำงานอย่างจริงจังในแต่ละวันเพื่อช่วยสร้างและปกป้องสถานะที่ดีทางเศรษฐกิจของคุณและมอบความปลอดภัยให้กับคุณ เรามีชื่อเสียงในด้านความสัมพันธ์ที่แน่นแฟ้นกับผู้ถือกรมธรรม์และตัวแทน เนื่องจากมีพนักงานที่คอยตอบคำถาม เป็นมิตร และมีความรู้ของเรา และมีบริการเคลมที่ได้รับความพึงพอใจในระดับสูงอย่างต่อเนื่อง โดยมีความพึงพอใจถึง 97.5% โดยอิงจากการสำรวจผู้ถือกรมธรรม์ในปี 2565

ติดต่อด้านสื่อ:
Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 9145631

About 1,300 athletes, coaches attend 13th ASEAN Schools Games in Da Nang


The 13 ASEAN Schools Games (ASG), taking place in the central city of Da Nang from May 29 to June 9, attracts about 1,300 athletes and coaches from the sports delegations of 10 regional countries. Athletes compete in 107 events of swimming, athletics, badminton, basketball, pencak silat, and vovinam. The mascot of the Games is the red-shanked douc langur, a rare animal listed in Vietnam’s Red Book and classified by the International Union for Conservation of Nature as endangered. Through this mascot, the Da Nang ASG sends out a message of environmental protection, encouraging each student and the community at large to pay attention to important planetary issues. On this occasion, sports delegations will also witness the 12th Da Nang International Fireworks Festival which is slated to open on June 8 evening with the participation of eight fireworks teams – France, Italy, US, Germany, Finland, Poland, China, and Vietnam. The ASG was first held in 2009.

Source: Vietnam News Agency

Global coordination needed to build ‘safe, inclusive, accessible’ AI

GENEVA: Global coordination is a must to not only build “safe and inclusive” artificial intelligence (AI) but also to make it accessible for all, the United Nations (UN) secretary-general said on Thursday.

In a video message to the opening day of the AI for Good Global Summit in Geneva, Antonio Guterres said AI is changing the world and lives and it can “turbocharge” sustainable development goals (SDGs).

“AI could be a game-changer for the SDGs. But transforming its potential into reality requires AI that reduces bias, misinformation and security threats – instead of aggravating them,” he stressed.

It also requires assisting developing countries in harnessing AI for themselves, he said, adding that this would include connecting the unconnected, building capacity in computing power, data, and governance, and creating incentives for AI developers and deployers to share the benefits locally.

“We need global coordination to build safe and inclusive AI that is accessible to all,” he said.

Guterres recalled re
commendations of his advisory board on artificial intelligence, which include an international scientific panel on AI that will conduct independent risk and opportunity assessments, a “structured” dialogue connecting governance initiatives and harmonizing standards across borders and sectors, and the “big effort” on capacity building with funding to meet the scale of the challenge.

Noting that the Summit of the Future in late September will see agreement on a global digital compact – an opportunity to lay the foundations of global AI governance, he said: “I count on you to help build momentum around these ambitious solutions.”

“Together, we can harness AI to help achieve the sustainable development goals and leave no one behind,” he concluded.

One-third of humanity remains completely offline

Doreen Bogdan-Martin, secretary-general of the summit organizer International Telecommunication Union (ITU), addressed the gaps to bring all countries to the table, including developing and least developed countries.


In 2024, in the age of AI, in the age of unimaginable opportunities, one-third of humanity remains completely offline, excluded from the AI revolution without a voice,” Bogdan-Martin said in her opening speech. “What we in this room take for granted remains completely foreign to 2.6 billion people around the world.”

She stressed that this “digital divide” is no longer acceptable.

According to the ITU head, three pillars are needed to not only drive inclusion, inclusive growth, and innovation but also help to build a safer and more secure digital future for all.

Those pillars include risk and security management, infrastructure and resource and skill development, and lastly, international collaboration, Bogdan-Martin said.

“The risk of fragmenting the governance landscape is real,” she said, adding: “There are still pressing gaps that we must address and we need to bring everyone to the table, including developing and least developed countries.”

Two-day AI for Good Global Summit began in Geneva on Thursda
y with an aim to discuss how best to implement principled AI frameworks while ensuring that no country is left behind.

ITU said the summit is taking place with support from over 40 UN agencies and Switzerland, and the attendance of 300 experts.

Source: Philippines News agency