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Robotics Innovator Createc to Provide Custom Sensor Integrations for Boston Dynamics Spot



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Createc, a pioneering UK robotics and computer vision company that provides solutions to the civil nuclear, defence, rail, marine, and security sectors from its bases in Cumbria and Oxford in the UK, will serve as a  technical integrator and commercial reseller of Massachusetts-based  Boston Dynamics, a world leader in mobile robots. 

Matt Mellor, CEO of Createc which is the holder of two Queen’s Awards for  Innovation and International Trade, said: “We are very positive about the future for robotics for nuclear decommissioning and collaborating with a company like Boston Dynamics is in line with that vision.

“The opportunity for robots like Spot to do more and to take more people  out of hazardous environments is a very good thing for society.

“Over time we are going to have a lot more robots, and we will have  improved collaboration between human and machine.”

The relationship between the companies came about after Createc had  been introduced to the capabilities of Boston Dynamics robots while  working on research and development projects.

Matt said: “Legged Robots are being increasingly adopted in a range of industrial settings for inspection and intervention; industrial environments are built for people, so robots with legs and arms that mimic the capabilities of people are a great fit.

“We have been using quadruped robotics in our work with Oxford  University’s Robotics Institute for survey and inspections in hazardous environments and looking into ways of removing the need to put human  operators into those situations. As part of that work we have seen what Spot is capable of.”

Createc, formed more than ten years ago, has an impressive track record of commercialisation of its innovative technology, including its pioneering N-Visage® technology which was used in the clean-up following the  Fukushima Daiichi accident in Japan. The company has since gone on to enjoy global success with a range of innovations.

Createc is widely recognised for its success in innovation and problem solving in computer imaging as well as robotics, pioneering some of the latest technology which is being deployed around the world to provide accurate, and readily available, information, such as for the nuclear industry.

Createc applies its thinking and technologies to any problem to find a  solution and takes a flexible approach to applying them – so they can be adapted for a range of industries and a range of situations.

Matt said: “My motivation comes from bringing something completely new to life which results in the world being a better place.

“We look at the way we can do something, not where we can do it. Seeing all the pieces come together and creating this thing which creates  an economic benefit and also has a positive impact on the world is really satisfying.”

Matt sees the relationship with Boston Dynamics as providing Createc with a highly mobile solution through its Spot robot, and he anticipates  Createc can help Boston Dynamics build new application capabilities and commercial opportunities.

Createc has been working with Boston Dynamics’ Spot – a four-legged  agile robot with advanced mobility and perception to navigate stairs, gravel,  and rough terrain while collecting 2D and 3D information with on board sensors, automating some common data collection and inspection tasks.  The company has been using Spot primarily in nuclear decommissioning applications so far but expects to expand to other industrial uses in the  future. .

Matt said: “If you are trying to do things in industrial environments, then robots like  Spot give you a big advantage as they can move around obstacles on the floor, or step over obstacles just like a human would, and in a way which  wheeled vehicles are not able to. It recognises terrain and is able to adjust its movements accordingly.

“Boston Dynamics is developing new levels of autonomy and we see  advantages in collaborating to build new inspection tools and systems  that enable tasks in hazardous environments to be carried out more  safely, more efficiently and more cost effectively.”

Employing almost 30 people in a diverse, agile team of technical experts  from fields such as Computer Vision, Robotics, Nuclear Measurement and  Optics, Createc can efficiently build prototype systems and develop them  into full products.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Visa and Mastercard Face Setback as Judge Indicates Likely Rejection of $30 Billion Deal




Visa Inc. and Mastercard Inc. are facing a potential setback as a federal judge in Brooklyn indicated she is likely to reject their $30 billion settlement with retailers.

The deal, aimed at capping credit-card swipe fees, has been a focal point of contention between the card giants and merchants for years.

Judge Margo Brodie of the U.S. District Court for the Eastern District of New York expressed skepticism about the settlement during a hearing on Thursday.

According to court records, Judge Brodie suggested she might not approve the agreement, stating she would issue a written decision in the coming days.

Retailers have long campaigned to reduce their share of the costs associated with accepting card payments, known as interchange fees.

These fees, which are partially passed on to banks that issue the cards, including major institutions like JPMorgan Chase & Co. and Citigroup Inc., have been a burden for many merchants.

Announced in March and pending court approval, the settlement was designed to allow merchants to charge consumers extra for transactions involving Visa or Mastercard credit cards.

The agreement also aimed to introduce pricing tactics to steer consumers towards lower-cost cards.

“The court’s comments strongly suggest that she won’t accept the settlement,” noted Justin Teresi, an analyst with Bloomberg Intelligence. “While Judge Brodie doesn’t seem convinced that larger retailers should be allowed to opt out from the settlement, provisions like changes to digital wallet acceptance rules and some state bans on surcharges likely present real adequacy issues.”

Both Visa and Mastercard expressed disappointment over the developments. A Mastercard representative stated, “We believe the settlement presented a fair resolution of this long-standing dispute, most notably by giving business owners more flexibility in how they manage their card acceptance activities. We will pursue our options to ensure a proper resolution of this matter.”

Visa’s spokesperson echoed this sentiment, emphasizing that “continued engagement between industry and the merchants is the best way forward.”

Swipe fees have become a substantial financial issue for retailers, totaling more than $160 billion last year, according to the Merchants Payments Coalition. Reactions to the settlement were mixed when it was announced, with some retail coalitions pledging a thorough review and others quickly opposing it.

The Retail Industry Leaders Association, representing large merchants such as Target Corp. and Home Depot Inc., described the settlement as a “mere drop in the bucket” and urged careful review to assess if it adequately addresses the harm inflicted on retailers.

Doug Kantor, general counsel for the National Association of Convenience Stores, praised the judge’s remarks, stating, “We’re gratified to see that the court recognized how bad this settlement was.”

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Norwegian Watchdog Slams Meta for Cumbersome Opt-Out Process in AI Training Plans



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Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a new legal challenge in Norway over its plans to utilize user images and posts to train artificial intelligence (AI) models.

The Norwegian Consumer Council has lodged a complaint, criticizing Meta’s cumbersome and deceptive opt-out process, which it argues breaches stringent EU data protection regulations.

The Council’s statement on Thursday highlighted that Meta’s method for allowing users to opt out of data collection for AI training is overly complicated and intentionally confusing.

“The process to opt-out breaches strict EU data protection rules and has been made deliberately cumbersome by using deceptive design patterns and vague wording,” the Council said.

This isn’t Meta’s first run-in with European regulators regarding data privacy. The tech giant has previously faced multiple complaints for allegedly failing to obtain proper consent from users before collecting their data to target advertisements.

Also, the European Union’s top court has warned Meta about safeguarding public information on users’ sexual orientation from being used for personalized advertising.

“We are urging the Data Protection Authority to assess the legality of Meta’s practices and to ensure that the company is operating in compliance with the law,” stated Inger Lise Blyverket, head of the Norwegian Consumer Council.

The complaint was prepared by the European Center for Digital Rights and will be submitted to the Norwegian Data Protection Authority, as well as other European data protection authorities.

Due to Meta’s EU base in Dublin, the Irish Data Protection Commission will serve as the lead authority in this matter.

The outcome of this complaint could have significant implications for how Meta, and other tech companies, handle user data within the EU.

Meta’s use of user data for training AI has raised significant privacy concerns. Critics argue that without clear and straightforward consent mechanisms, users are often unaware of how their data is being used.

This latest complaint underscores the ongoing tension between big tech companies and European regulators striving to enforce robust privacy standards.

The Norwegian Consumer Council’s action reflects a growing impatience with tech giants’ data practices, emphasizing the need for transparency and user control.

As AI technologies continue to advance, ensuring ethical and lawful data usage remains a critical challenge for both companies and regulators.

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Ethio Telecom Sale to Foreign Bidders Halted; Local Investors to Get Priority




Ethiopia has decided to halt the sale of its state-owned telecommunications operator, Ethio Telecom, to foreign investors.

Instead, the government will prioritize domestic retail investors before listing the company on the nation’s upcoming securities exchange.

Originally, the Ethiopian government planned to sell 45% of Ethio Telecom to foreign investors. This approach was abandoned in November after Orange SA, a major contender, withdrew from the bidding process.

Emirates Telecommunications Group Co. was also rumored to have considered a bid but did not proceed.

“There were bidders, but each one of them has left the process at one point,” said Abdurehman Eid, CEO of Ethiopian Investment Holdings, which is overseeing the sale along with the finance ministry. “At the end, we felt it’s probably better to halt the process.”

Eid explained that foreign interest did not meet Ethiopia’s expectations. “The priority now is to expedite the sale of 10% to retail investors, who are showing a huge appetite,” he noted during an interview at a sovereign wealth fund conference in Mauritius.

The focus on foreign investors will resume after Ethio Telecom is listed on the Ethiopian Securities Exchange (ESX), set to commence operations in October.

Ethio Telecom, the largest telecommunications operator in Africa’s second most-populous country, had a monopoly for decades. By January, the company boasted 74.6 million subscribers and recorded a profit of 11 billion birr ($191.6 million) for the first half of the fiscal year.

The shift in strategy underscores Ethiopia’s intention to leverage domestic investment capacity. The decision to prioritize local investors aligns with broader economic goals, aiming to stimulate local participation in major economic sectors.

This move is part of a larger plan to list five other state-owned companies on the ESX. According to Eid, proceeds from these divestitures will be utilized to reduce public debt.

Over the years, enterprises controlled by the government have accumulated substantial debt, leading to financial struggles.

The Liability Asset Management Corp., established three years ago, currently manages close to 780 billion birr in debt.

By redirecting the sale of Ethio Telecom shares to local investors, Ethiopia is fostering a more inclusive investment environment and setting a precedent for future listings.

The new strategy is expected to enhance domestic capital markets and provide more opportunities for Ethiopian citizens to invest in the country’s economic future.

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