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HANOI, VIETNAM – Media OutReach Newswire – 17 June 2026 – Vingroup ranked 26th in Fortune’s Southeast Asia 500 ranking, rising 11 places from 37th in 2025 and 19 places from 45th in 2024. The Group continues to be the highest-ranked private enterprise in Vietnam.Advancing in the ranking for two consecutive years underscores Vingroup’s scale, competitiveness, and sustainable growth momentum, while highlighting its increasingly prominent position among the region’s leading companies.

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This marks the third year that Fortune has published its Southeast Asia 500 ranking. The list ranks companies based on total revenue across seven countries in the region, including Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

According to Fortune, Vingroup ranked as the No. 1 private enterprise in Vietnam and No. 26 among the 500 largest companies in Southeast Asia. This year’s Southeast Asia 500 recognizes companies that are well positioned to capitalize on shifts in global supply chains and the rapid growth of strategic industries such as electric vehicles and artificial intelligence.

In addition to its scale of assets, Vingroup was highly recognized for its financial performance and operational efficiency. According to Fortune, in 2025, Vingroup recorded revenue of USD 12,760.6 million, representing year-on-year increases of 69.1% compared to the figures reflected in the 2025 ranking. Vingroup recorded net profit of USD 436.5 million and total assets of USD 42,536.4 million.

Vingroup is a diversified conglomerate operating across Industrials – Technology, Real Estate and Services, Infrastructure, Green Energy, Culture and Social Enterprises.

Within the Industrials – Technology pillar, VinFast reinforced its leading position in Vietnam’s automobile and electric two-wheeler markets while continuing its global expansion.

In 2025, VinFast delivered nearly 200,000 electric vehicles worldwide, up 102% year-on-year. The result exceeded the Company’s 2025 target and marked the highest annual delivery volume since its inception. In the first quarter of 2026, VinFast delivered 58,577 electric vehicles across all markets, representing a further 61% increase compared with the same period last year.

Within the Real Estate and Services pillar, Vinhomes maintained its market-leading position with 32 residential developments in operation, home to approximately 650,000 residents. In 2025, Vinhomes recorded contracted sales of VND 205.3 trillion, up 98% year-on-year, with more than 34,000 units delivered. Its unrecognized contracted sales backlog reached VND 186.4 trillion, providing a solid foundation for future growth. Consolidated net revenue totaled VND 153.3 trillion, up 49.8% from 2024, while net profit after tax reached VND 43.3 trillion, up 23.6% year-on-year and exceeding the Company’s annual target.

In 2026, Vinhomes launched a series of large-scale urban developments across Vietnam, including the 6,200-hectare Vinhomes Global Gate Ha Long in Quang Ninh Province, the 512-hectare Vinhomes Hai Van Bay in Da Nang, and the 1,080-hectare Vinhomes Saigon Park in Ho Chi Minh City. These developments are expected to reshape Vietnam’s urban landscape while contributing to the sustainable growth of the real estate market.

Meanwhile, Vinpearl continued to lead Vietnam’s hospitality, tourism and entertainment sector, operating 60 facilities across 20 provinces and cities. Its ecosystem includes more than 17,500 rooms across a network of five-star hotels and resorts; 15 VinWonders theme parks; six championship golf courses; and three international-standard convention centers and theaters under the VinPalace brand. The portfolio also features two semi-wildlife conservation parks and an equestrian academy. In addition, Vinpearl’s signature live-action performances in destinations such as Nha Trang and Phu Quoc attract millions of visitors each year.

Within the Infrastructure pillar, VinSpeed has commenced construction of Vietnam’s first two high-speed rail projects: the Ben Thanh – Can Gio line in Ho Chi Minh City and the Hanoi – Quang Ninh line. Launched in April 2026, the Hanoi – Quang Ninh route is the country’s first interregional high-speed railway project. Beyond creating a powerful growth engine for Northern Vietnam’s key economic region, the project represents an important step toward enhancing the nation’s long-term competitiveness.

Within the Green Energy pillar, VinEnergo announced its expansion plans across Asia and Europe, supported by a renewable energy project pipeline with a total capacity of 10 GW that has already secured development agreements. In Vietnam, the company has obtained investment registration certificates for four renewable energy projects.

Within the Social Enterprises pillar, VinUniversity became the youngest university in Vietnam to receive the FIBAA Quality Seal in March 2026. In healthcare, Vinmec inaugurated its 10th hospital, spanning over 31,000 sqm, with 114 inpatient beds and a designed capacity of 135,000 patient visits annually.

At the end of 2025, Vingroup launched its Culture pillar to preserve and promote Vietnamese cultural values and bring them to the world. In May 2026, the Group introduced V-Film, a film and television production and distribution company, with the goal of supporting the development of a professional, modern, and globally integrated Vietnamese film industry.

Looking ahead, Vingroup remains committed to accelerating its core business activities, leveraging the strengths of its diversified ecosystem, enhancing operational efficiency, and expanding its international presence. Through these efforts, the Group aims to achieve its 2026 targets while further strengthening its position as one of the region’s leading enterprises.
Hashtag: #Vingroup

The issuer is solely responsible for the content of this announcement.

A malware campaign on the JetBrains Marketplace has put developer credentials at risk after at least 15 AI-themed plugins were found quietly forwarding users’ large-language-model API keys to an attacker-controlled server while continuing to perform the coding tasks they advertised. The plugins, listed under seven vendor accounts, were presented as coding assistants, code reviewers, bug finders, unit-test generators and Git commit-message tools. They invoked services familiar to […]

Intersec Saudi Arabia has formed two advisory committees to steer the conference agenda for its 2026 edition, bringing senior security, aviation, infrastructure, fire-protection and emergency-management figures into the planning of the Future Security Summit and the Fire Protection & Technology Summit. The move places artificial intelligence, cyber-physical security, critical infrastructure resilience, predictive risk management and next-generation fire protection at the centre of the Riyadh event, scheduled for […]

Arabian Post Staff -Dubai Doha’s 12th Islamic Finance Conference opened on Tuesday with artificial intelligence moving from a technology sidebar to the centre of debate over Shariah-compliant banking, waqf, zakat and digital markets. The one-day gathering at Al Majlis Hall in the Sheraton Grand Doha was held under the patronage of Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister of Foreign Affairs, and carried […]

Pinterest has committed US$4 billion to Amazon Web Services through 2031, expanding a long-running cloud partnership as the visual discovery platform accelerates artificial intelligence tools for search and shopping. The agreement, announced on 4 June, is the largest infrastructure commitment in Pinterest’s history and places AWS custom silicon at the centre of the company’s next phase of product development. Pinterest plans to increase its use of AWS […]

Arabian Post Staff -Dubai Dubizzle Group has taken a strategic stake in Tern, a UAE rental rewards platform, in a move aimed at extending its property business beyond search listings into rent payments, loyalty benefits and landlord-facing digital services. The investment, made through Dubizzle Group Ventures, will place Tern inside Bayut and dubizzle on an exclusive basis, allowing tenants to pay rent by credit card while earning […]

Nvidia has raised $25 billion through its largest bond sale, drawing a wave of investor demand that underlines Wall Street’s confidence in long-term artificial intelligence spending despite rising questions over the cost of the global data-centre buildout. The Santa Clara-based chipmaker priced the investment-grade deal on June 15 after initially targeting at least $20 billion. Orders reached about $85 billion, allowing the company to expand the transaction […]

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SINGAPORE – Media OutReach Newswire – 17 June 2026 – As entrepreneurship continues to play an increasingly important role in economic growth and innovation, students considering entrepreneurial careers face important decisions about their educational pathways. Beyond acquiring academic qualifications, aspiring entrepreneurs require a combination of business knowledge, analytical capabilities, leadership skills and adaptability to navigate evolving market conditions.

Higher education institutions play a key role in supporting this development by providing students with opportunities to build both foundational knowledge and specialised expertise. Through collaborations with international university partners, SIM Global Education (SIM GE) offers a range of academic pathways across business, management, analytics, marketing and related disciplines that can support students with entrepreneurial aspirations.

Understanding the Educational Choices Available
The growing variety of higher education options presents both opportunities and challenges for students. While many may have an interest in entrepreneurship or business, determining the most suitable academic pathway is often less straightforward.

Entrepreneurship today extends beyond the traditional concept of starting a business. It can encompass leading innovation within established organisations, developing new products and services, scaling family-owned enterprises, creating social ventures, or participating in emerging start-up ecosystems. As a result, students are increasingly seeking educational pathways that align with their individual interests, strengths and long-term goals.

A well-informed educational choice can help students develop the competencies most relevant to their intended career direction, whether that involves business leadership, digital innovation, market expansion or social impact.

Building a Foundation Through Business Education
A business-related degree can provide aspiring entrepreneurs with a broad understanding of how organisations operate. Entrepreneurs need to understand markets, customers, finance, operations, competition and strategy. They also need to make decisions with limited resources and adapt quickly when business conditions change.

At SIM GE, business-related programmes allow students to explore fields such as analytics, strategy, marketing and management. These areas are relevant to students who want to develop a practical understanding of how businesses are built, managed and grown.

For students who are still exploring their future direction, a business pathway can provide flexibility. It can prepare them for employment, support future postgraduate or professional learning, and build a foundation that may later be applied to entrepreneurial ventures.

Management programmes for future leaders and founders
Entrepreneurship is often associated with ideas, innovation and opportunity. However, successful ventures also depend on effective management. Founders must lead people, manage resources, build processes, work with partners and make decisions that affect the long-term sustainability of the business.

Management-focused programmes are therefore especially relevant for students who want to understand how organisations are led and how teams work together. Such programmes can help learners develop perspectives on leadership, planning, decision-making and organisational effectiveness.

For future entrepreneurs, management knowledge is important because a strong idea must eventually be supported by the ability to execute. Whether students later start their own businesses or lead innovation within existing organisations, management capabilities can help them turn ambition into action.

The Growing Importance of Data and Analytics
As organisations become increasingly data-driven, analytical capabilities have become a valuable component of entrepreneurial decision-making. Entrepreneurs are expected to evaluate market opportunities, understand customer behaviour and assess business performance using data and technology.

Analytics-related programmes can help students develop these capabilities, enabling them to make more informed decisions and respond effectively to changing business conditions. Such skills are particularly relevant for those interested in digital business, e-commerce, technology ventures and business intelligence.

Marketing and international business for market-ready ventures
A strong business idea also needs a clear target market and a business strategy to back it up . Students who are interested in brand-building, customer engagement, communications or market expansion may benefit from marketing and international business-related pathways.

Marketing-focused learning can help students understand consumer behaviour, positioning, customer experience and value creation. International business exposure can help students think beyond a single market, especially in a region such as Southeast Asia where businesses often need to understand cross-border opportunities.

For future entrepreneurs, these perspectives can support the development of ventures that are customer-focused, market-aware and better prepared for regional or global growth.

Entrepreneurship and Social Impact
Entrepreneurship is increasingly being viewed through a broader lens that includes social and environmental outcomes. Alongside commercial objectives, many entrepreneurs are seeking to address societal challenges and contribute to sustainable development.

Initiatives such as the Dr Richard K M Eu – SIM Social Entrepreneurship Centre reflect the growing interest in social innovation and impact-driven enterprise. Exposure to these concepts can help students explore how entrepreneurial thinking can be applied to create sustainable solutions for communities and society.

Preparing for the Future
While there is no single educational pathway that guarantees entrepreneurial success, the most appropriate route depends on an individual’s interests, strengths and aspirations. However, regardless of specialisation, future entrepreneurs will require a combination of technical knowledge, critical thinking, adaptability, leadership and communication skills.

As Singapore continues to strengthen its position as a hub for enterprise, innovation and regional business activity, education remains an important foundation for entrepreneurial development. By providing access to diverse academic pathways and internationally recognised programmes, institutions such as SIM GE support students in making informed decisions and developing the capabilities needed to navigate an increasingly complex and dynamic business environment.

For many aspiring entrepreneurs, the journey begins not with the launch of a venture, but with the educational choices that help shape future opportunities.

References

  1. SIM GE University Partners – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge
  2. SIM Global Education – https://www.sim.edu.sg/degrees-diplomas/overview
  3. SIM GE Business Programmes – https://www.sim.edu.sg/degrees-diplomas/programmes/disciplines/business
  4. SIM GE Management Programmes – https://www.sim.edu.sg/degrees-diplomas/programmes/disciplines/business/management
  5. SIM GE Business Analytics Programmes – https://www.sim.edu.sg/degrees-diplomas/programmes/disciplines/business/business-analytics
  6. SIM Social Entrepreneurship Centre – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/ressec
  7. The Future of Job 2025 Report – https://www.weforum.org/publications/the-future-of-jobs-report-2025/digest/
  8. SkillsFuture Critical Core Skills – https://jobsandskills.skillsfuture.gov.sg/frameworks/critical-core-skills
  9. Singapore Ranks 4th Global Startup Ecosystem – https://www.enterprisesg.gov.sg/-/media/esg/files/media-centre/media-releases/2025/may/mr02125_singapore_ranks_as_4th_best_global_startup_ecosystem.pdf

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 17,000 full- and part-time students and adult learners, of which approximately 41% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit

Harnessing Innovative Technologies to Drive Cultural Mobility and Foster Global Exchange

HONG KONG SAR – Media OutReach Newswire – 16 June 2026 – The Hong Kong University of Science and Technology (HKUST), in collaboration with the Center for Metaverse and Computational Creativity at HKUST(Guangzhou), presents the SURREALITY Mixed Reality (MR) × Artificial Intelligence (AI) Digital Art Cross-City Exhibition. As part of HKUST’s 35th-anniversary celebrations, an exclusive media preview of the world’s first large-scale, cross-regional MR × AI digital art exhibition was held at the University’s Clear Water Bay campus.

Showcasing selected works by renowned international and Chinese Mainland digital artists, as well as faculty and students from both campuses, the exhibition integrates creativity with Virtual Reality (VR), MR, and AI technologies. It transforms the campus into a global hub for arts innovation and technological excellence.

The exhibition will open at HKUST(GZ) tomorrow and run through July 31, 2026, before returning to Hong Kong for public engagement. This exhibition exemplifies HKUST’s visionary commitment to driving cultural mobility and fostering international exchange through innovative technologies.

Prof. Nancy IP, President of HKUST, remarked, “This event signifies a major milestone for HKUST in its pursuit of integrating technology, humanities, and cross-regional innovation. The national 15th Five-Year Plan released this year explicitly supports Hong Kong in deepening its development as the East-meets-West centre for international cultural exchange. In 2024, the HKSAR Government also introduced the Blueprint for Arts and Culture and Creative Industries Development, outlining plans to develop diverse arts and culture industries with an international perspective, and to establish international platforms that foster East-meets-West arts and cultural exchanges. Local universities play a pivotal role in advancing these initiatives.”

“HKUST’s Strategic Plan 2031 identifies the integration of innovation and the humanities as a key direction for the University’s future development. In line with this vision, we established Hong Kong’s first Division of Arts and Machine Creativity, which is committed to creating an innovative platform that fosters the fusion of technology and art while nurturing a new generation of creative talent with strong interdisciplinary perspectives. Hosting initiatives such as SURREALITY and the HKUST AI Film Festival exemplifies this direction and is poised to develop into prominent international platforms that fosters arts and cultural exchanges between China and the rest of the world,” she added.

Prof. Lionel NI Ming-Shuan, President of HKUST(GZ), stated, “‘SURREALITY’ is not only the world’s first large-scale MR × AI art exhibition, but also a powerful showcase of the strengths of HKUST and HKUST(GZ) in interdisciplinary studies and computational creativity. As a flagship initiative under the ‘One HKUST, Complementary Campuses’ framework, the two campuses have welcomed artists and young creators from 23 countries and regions, redefining the boundaries of knowledge production and artistic expression through the seamless fusion of the virtual and the real. At a time when the nation is strategically advancing future industries and the Greater Bay Area is accelerating the development of new quality productive forces, the digital ‘Portal’ connecting Clear Water Bay and Nansha represents far more than a technological breakthrough—it embodies a forward-looking model of educational collaboration, where engineering converges with aesthetics, algorithms with poetry, and global vision with local engagement. At thirty-five years old, HKUST remains youthful and dynamic. Guided by this founding aspiration, HKUST(GZ) will continue to advance in step with HKUST, writing a new chapter of integrated innovation and talent development in the Greater Bay Area.”

SURREALITY showcases the integration of AI-generated artworks with the physical campus environment, creating an immersive experience through spatial computing and real-time rendering technologies. Across the two campuses, nearly 50 works by more than 70 digital artists from the United States, Germany, Russia, Australia, Bolivia, Singapore, Korea, the Chinese Mainland, and Hong Kong are featured. Presented in innovative and striking forms, these exceptional works from around the world highlight HKUST’s strong commitment to advancing interdisciplinary integration.

Today, 19 selected works premiered at the Clear Water Bay campus, where MR-enhanced creations transform the HKUST campus into an immersive, technology-driven art space. By wearing MR headsets, visitors can freely explore three exhibition areas: Living Currents, Future Fables, and Beyond Mind. Several projects created by HKUST(GZ) faculty and students stand out as highlights, with The Gate—built on a metaverse concept—emerging as the centerpiece of the exhibition. As the armillary sphere slowly turns and the portal comes into view, visitors can step inside and instantly traverse the virtual spaces of both campuses, experiencing a groundbreaking sense of cross‑campus, seamless connectivity that embodies the vision of “One HKUST, Complementary Campuses.” Another featured work, Kunpeng, symbolizes a spirit of boundless freedom. A giant fish leaps from the nearby Port Shelter in Sai Kung and transforms into a soaring roc that ascends powerfully into the sky. Its majestic presence delivers a striking visual spectacle. The piece The Twinworld Tree creates a dynamic living system formed by the World Tree and virtual life, symbolizing the interdependence of all things, like the tides.

The exhibition also features an MR recreation of a classic work—GFP Bunny, created by internationally acclaimed contemporary artist, Prof. Eduardo KAC, who is also Professor of Art and Technology Studies at the School of the Art Institute of Chicago. Since its debut, this piece has sparked global reflection on genetic modification, bioethics, and the boundaries of art. Mr. ZHANG Yishuai, a PhD student in the Thrust of Computational Media and Arts at HKUST(GZ) and a computational artist, presents Echoes of Earth 2.0, offering a forward-looking perspective on AI and interstellar civilizations. This work enriches the exhibition with a visionary reflection on humanity’s aspirations for the future.

Several VR digital art pieces are also on display, including Astra, created by Ms. Eliza MCNITT— Venice Immersive Grand Prize winner and renowned American writer and director—which offers visitors a unique journey of exploration into the universe. Mr. Benedict YU, a VR visual artist from Singapore, presents Mother’s Body Remembers, utilizing LiDAR to capture movements and combining VR with tactile interaction to rekindle visitors’ memories of family connections. The HKUST XRIM Lab‘s work, Unfolding Touch, enables a soft-robot-mediated handshake between the Clear Water Bay and Guangzhou campuses, integrating sensing and tactile replication to create a shared touch experience across distance. Other works include My Flower, which invites viewers to experience the daily challenges faced by people with Alzheimer’s disease. A short animation, The Cat Ghost, which narrates the relationship between ancient Chinese people and cats from the Western world, is also screened.

Prof. Pan HUI, Chair Professor of Emerging Interdisciplinary Areas at HKUST, Acting Head and Chair Professor of the Thrust of Computational Media and Arts, and Director of the Center for Metaverse and Computational Creativity at HKUST(GZ), introduced the core concept of “SURREALITY.” He explained that as technologies such as AI, spatial computing, and MR rapidly evolve, digital worlds are transcending screens into real spaces and becoming deeply integrated into people’s daily life. SURREALITY explores a new form of reality that may emerge in the future—a scenario where the virtual and the physical are no longer distinctly separate but collectively form the environments in which we perceive, interact, and live. Through artistic creation and immersive experiences, the exhibition offers audiences a glimpse into this transformative vision, prompting reflection on how technology is reshaping humanity’s understanding of reality.

The exhibited works come from numerous internationally renowned artists, showcasing the remarkable fusion of creative arts and digital technology. Several prominent participating artists also joined today’s event to introduce their works, fostering cross-regional cultural and arts exchanges. They include Prof. Benjamin SEIDE, media artist, VFX expert, and Associate Professor in the School of Art, Design and Media at Nanyang Technological University; Ms. Katerina SEMENKO, a Russian conceptual phygital artist and International Design Award recipient; and Dr. Adam NASH, an Australian digital virtual artist and Honorary Fellow of RMIT University.
Hashtag: #HKUST #HKUST(GZ)

The issuer is solely responsible for the content of this announcement.

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) () is a world-class university known for its innovative education, research excellence, and impactful knowledge transfer. With a holistic and interdisciplinary pedagogy approach, HKUST was ranked 6th in the QS Asia University Rankings 2026, 3rd in the Times Higher Education’s Young University Rankings 2024, and 19th globally and 1st in Hong Kong in the Times Higher Education’s Impact Rankings 2025. Eleven HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2026. In addition, in the Times Higher Education World University Rankings by Subject 2026, HKUST’s Computer Science discipline which encompasses areas such as artificial intelligence and machine learning, has been ranked No. 1 in Hong Kong for ten consecutive years. Our graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In terms of research and entrepreneurship, over 80% of our work was rated “internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of the Hong Kong’s University Grants Committee. As of May 2026, HKUST members have founded over 1,900 active start-ups, including 11 Unicorns and 22 exits (IPO or M&A).

Chainguard has launched Athena, a coalition backed by major financial, technology and security groups to repair open-source software flaws before attackers can use artificial intelligence to find and weaponise them. The initiative brings together BNY, Cisco, Cloudflare, Corridor, DepthFirst, Docker, JPMorganChase, Kyndryl, LTM and PwC, with Chainguard acting as the coordinating platform. Athena is already operational with more than two dozen participating organisations, having processed over 20,000 […]

Brussels has moved to assess the fallout from Washington’s order cutting foreign users off from Anthropic’s most powerful artificial intelligence models, turning a corporate shutdown into a test of allied trust in critical digital infrastructure. The European Commission is examining the practical consequences for users across the bloc after Anthropic disabled Fable 5 and Mythos 5, saying it had received a US export-control directive barring access by […]

Attackers are probing vulnerable Jenkins servers after disclosure of a high-severity deserialisation flaw that can let a low-privileged user impersonate others, reach sensitive controller files and, in some cases, execute code through the Script Console. The bug, tracked as CVE-2026-53435, affects Jenkins 2.567 and earlier and Jenkins LTS 2.555.2 and earlier. Fixed versions, Jenkins 2.568 and LTS 2.555.3, were issued on 10 June as part of a […]

Hyderabad-based Drogo Aerospace has delivered 41 JK 250e surveillance drones to the Indian Army, advancing a ₹72-crore order that places the defence technology firm among a growing group of domestic companies supplying unmanned systems for frontline military use.

The first batch was received by officials of the Army’s Southern Command in Nashik, Maharashtra. The delivery forms part of a 217-drone contract, with the company aiming to supply the remaining 176 units by August 2026. The schedule gives Drogo Aerospace a tight execution window at a time when demand for tactical drones is rising across reconnaissance, border monitoring and battlefield support roles.

The JK 250e drones have been developed and built by Drogo Aerospace for surveillance, reconnaissance and other military missions. The platform can fly for up to three hours on a single charge, giving field units extended aerial coverage without depending on conventional runway infrastructure. The drone’s role is centred on intelligence gathering and real-time observation, areas that have become central to ground operations as armies adapt to a battlefield shaped by low-cost aerial systems, loitering munitions and sensor-driven targeting.

Drogo Aerospace founder and chief executive Yeshwanth Bonthu said the delivery validates the company’s technology base, manufacturing capability and commitment to national security. The company is now working on indigenous loitering munitions, long-endurance UAVs, AI-powered aerial intelligence platforms, advanced surveillance systems and reconnaissance products aimed at future operational requirements.

The order also marks a transition point for the company, formerly known as Drogo Drones Pvt Ltd. Its rebranding as Drogo Aerospace reflects a broader move beyond conventional drone manufacturing into defence, aviation, unmanned systems, satellite-linked platforms and aerospace technologies. Headquartered in Madhapur, Hyderabad, the firm has positioned itself as a next-generation unmanned systems developer at a time when procurement policy is opening more space for private manufacturers and specialised start-ups.

The company is setting up a 100,000-square-foot drone manufacturing facility at Maheshwaram in Telangana’s Ranga Reddy district. The state government has allotted about 4.5 acres to the firm within the Electronics Manufacturing Cluster for the project. The facility is expected to generate around 500 additional jobs, adding to an existing workforce of about 300. The investment is designed to support scale production as defence orders move from prototypes and limited trials to larger supply commitments.

The delivery comes as the armed forces are accelerating induction of drones for tactical and operational roles. Planned domestic military drone orders may exceed $2 billion this year, with deliveries expected over 18 to 24 months. More than 600 drone and component companies now operate in the country, including over 100 focused on defence applications. The sector includes large industrial groups as well as specialist start-ups developing reconnaissance platforms, logistics drones, loitering munitions, precision-strike systems and critical components.

Battlefield developments over the past three years have sharpened the focus on unmanned systems. The war in Ukraine demonstrated how inexpensive drones can alter artillery targeting, logistics interdiction and frontline surveillance. Conflicts in West Asia have further highlighted the value of layered air defence, counter-drone technology and rapid intelligence cycles. Along the northern and western frontiers, persistent surveillance has become a core requirement for ground formations operating across difficult terrain and extended lines of control.

The Ministry of Defence has also widened support for smaller firms through innovation challenges and procurement pathways aimed at turning prototypes into deployable systems. Under the iDEX framework, hundreds of start-ups, MSMEs and individual innovators have entered the defence innovation ecosystem since 2018. Dozens of prototypes have received procurement clearance, and contracts worth thousands of crores have moved from concept development into acquisition. This has helped shorten the distance between battlefield requirements and production-ready technology.

For Drogo Aerospace, execution of the JK 250e order will test its ability to deliver at scale while maintaining quality and mission reliability. Military drone contracts require not only airframe performance but also secure communications, rugged field handling, dependable batteries, payload integration, training, maintenance support and spare availability. The Army’s experience with the first batch is likely to shape follow-on acceptance, deployment tempo and confidence in the remaining units due by August.

BingX has launched a stock-focused trading campaign with a prize pool of more than $1m, stepping up its attempt to draw crypto users into global equity-linked markets through a single multi-asset platform. The Stock Trading Carnival runs from 15 June to 4 July 2026 and is positioned as the third edition of the exchange’s Global Capital Gala series. The campaign allows eligible users to share rewards by […]

Arabian Post Staff -Dubai Donald Trump’s pledge that the Strait of Hormuz will be “completely opened” by Friday has left European partners pressing for details before committing naval assets to clear mines and escort commercial vessels through the world’s most sensitive energy chokepoint. The US president arrived at the Group of Seven summit in Évian-les-Bains saying a preliminary US-Iran accord had settled the immediate question of shipping […]

Dubai WoodShow 2026 will open on June 22 with smart manufacturing technologies at the centre of a wider industry shift towards automated, data-led and materials-efficient production. The 22nd edition of the trade exhibition will run until June 24 at Dubai World Trade Centre, occupying Halls 6, 7 and 8 for a business-to-business audience spanning timber suppliers, machinery makers, furniture producers, fit-out contractors, architects, interior designers and building […]

Rise vGPU + ModelHub Power China’s AI into the Heterogeneous Orchestration Era

HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – Frost & Sullivan, a globally renowned growth consulting firm, has released its “2026 AI Infrastructure Orchestration Platform White Paper”. The report recognizes Phancy Group’s Rise vGPU as a Tier 1 Leading Platform, the highest maturity tier in heterogeneous GPU orchestration. Phancy’s ModelHub also achieved the highest Overall Score in the enterprise-grade model management platform evaluation. This marks a significant endorsement of Phancy’s technological capability in heterogeneous AI infrastructure.

According to the white paper, as large model applications scale rapidly, China’s AI industry is facing structural challenges stemming from multi-chip coexistence. These include hardware heterogeneity, fragmented software stacks, persistently low GPU utilization (generally below 30%), and rising model adaptation complexity — all of which have become major bottlenecks for enterprise-scale AI deployment.

The report highlights a fundamental shift in AI infrastructure competitiveness – moving away from “single-chip performance” toward “cluster-scale system coordination.” At this critical juncture, Phancy has positioned itself as a leader in advanced orchestration through its full-stack AI infrastructure platform, offering a proven solution to heterogeneous compute challenges and helping drive China’s AI industry from “compute accumulation” into a new era of “compute orchestration.”

Phancy Rise vGPU: Tier 1 Leading Platform

In its assessment of mainstream AI infrastructure platforms, Frost & Sullivan defined Tier 1 criteria across three core dimensions: heterogeneous support, fine-grained control, and production-grade execution. Phancy Rise vGPU meets all three standards and has been recognized as a Tier 1 Leading Platform.

Rise vGPU transforms AI infrastructure from fragmented, low-efficiency device-level management to a unified software-defined control plane. Its key technology breakthroughs include:

  • Comprehensive Heterogeneous Management: Unified onboarding and management across more than 10 mainstream GPU/NPU vendors, including NVIDIA, Ascend, Cambricon, Hygon, and others.
  • Ultra-Fine Resource Partitioning: Industry-leading sub-GPU level compute and MB-level memory granularity slicing.
  • Significant Utilization Improvement: Through safe oversubscription and time/space multiplexing, GPU utilization is increased from industry averages below 30% to 70%-90%.
  • Intelligent Precision Scheduling: Multi-dimensional scheduling algorithms based on priority, topology, load, and resource awareness to achieve optimal compute allocation.
  • Production-Grade SLA Assurance: The Deterministic Execution Layer delivers committed and auditable SLA guarantees for critical inference workloads.
  • Full Lifecycle Operability: Comprehensive monitoring, metering, and cost allocation capabilities that turn GPU resources into truly operable digital assets.

Model Hub: Highest Overall Score in Model Management Platform Evaluation

Beyond compute orchestration, the report underscores the strategic importance of enterprise-grade model management platforms. As a powerful complement to Rise vGPU, Phancy ModelHub enables enterprises to build a complete full-stack AI infrastructure — from compute to models and from resource scheduling to business delivery.

The white paper notes that Phancy ModelHub delivers leading performance in key areas such as Model & Chip Compatibility, Execution Stability & Performance, and Model-GPU Coordination & Scheduling, achieving the highest Overall Score. Through its unified model management and execution platform, ModelHub creates a seamless closed-loop process covering model onboarding, deployment optimization, inference services, and version governance — significantly lowering the barrier to model deployment and accelerating AI innovation.

Dr. Dai Wenyuan, Founder & CEO of Phancy, said: “The Frost & Sullivan white paper accurately captures the inflection point in AI infrastructure development. The recognition of Rise vGPU as a Tier 1 Leading Platform and ModelHub’s top Overall Score provide important authoritative validation of Phancy’s technology strategy and product strength. As a full-stack AI cloud service platform, Phancy believes the next wave of competitiveness in the AI industry will come from systematic improvements in compute orchestration efficiency. We will continue to focus on heterogeneous compute unified scheduling and model ecosystem operations, working closely with customers and industry partners to advance China’s AI industry from ‘compute accumulation’ to a true ‘compute orchestration’ era.”

Hashtag: #PhancyGroup

The issuer is solely responsible for the content of this announcement.

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include Rise vGPU, ModelHub and SageAIOS, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”

Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

By Nitya Chakraborty Prime Minister Narendra Modi will be taking part in the outreach session of the 52nd meeting of G7 being held in Evans of France hosted by the French President Emanuel Macron. Already the main session started on Monday with the participation of the leaders of the seven nations. The main task of […]

The article Can PM Narendra Modi Redeem India’s Status As Defender Of Global South At G7 Meet In France? appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

SHANGHAI, CHINA – Media OutReach Newswire – 15 June 2026 – ACE ROBOTICS today announced that its open-source Kairos world model has achieved leading results across four global embodied-intelligence benchmarks: RoboTwin 2.0, LIBERO-Plus, WorldModelBench Robot and DreamGen. Kairos ranked first among evaluated world models and vision-language-action (VLA) systems on these benchmarks’ public leaderboards as of 12 June 2026, leading across the core capabilities of embodied intelligence, including complex robotic manipulation, scene-level generalization, physical-world modeling and zero-shot transfer. The project is openly available on GitHub, Hugging Face and ModelScope, giving researchers and developers a public reference point for the model, benchmark results and technical materials.

Tops Four Leading Benchmarks in World Generation & Prediction
Tops Four Leading Benchmarks in World Generation & Prediction

Embodied intelligence faces a fundamental challenge: generalization. A robot must operate reliably in environments it has never seen, adapting to new lighting, layouts, objects, embodiments and noisy real-world conditions. While VLA models have become a prevailing approach by directly mapping perception and language inputs to robot actions, ACE ROBOTICS believes world models offer a more scalable path by explicitly learning the underlying dynamics of the physical world and predicting how environments evolve. Kairos is designed to validate that approach.

Leading scene-level generalization on LIBERO-Plus

One of Kairos’ most significant results comes from LIBERO-Plus, a scene-level generalization benchmark proposed by the Shanghai Innovation Institute with Fudan University, Tongji University and the National University of Singapore. It evaluates robustness under seven real-world variables: camera angle, robot embodiment, language instruction, lighting, background, sensor noise and spatial layout.

Kairos achieved an overall score of 89.0, ranking first among all evaluated world models and VLA systems. It surpassed leading VLA models including ACoT-VLA (88.0), Pi 0.5 (85.7) and ProGAL-VLA (85.5), as well as the Being-H0.7 world model (84.8). It also showed strong environmental robustness, with near-ceiling performance on lighting (97.7), noise (96.8) and background (95.8), and ranked highly on camera angle and language instruction.

According to ACE ROBOTICS, this marks the first time a world-model approach has outperformed leading VLA systems on LIBERO-Plus for scene-level generalization, pointing to a path where robots adapt to homes, factories, retail spaces and other environments with far less environment-specific retraining.

A compact model with strong physical modeling efficiency

On WorldModelBench Robot, a physical-modeling benchmark proposed by researchers from UC Berkeley, UC San Diego, NVIDIA and MIT, Kairos-4B achieved an overall score of 9.30, ranking first on the benchmark. With only 4 billion parameters, it outperformed larger systems including 28-billion-parameter Lingbot, 16-billion-parameter Cosmos 3, 14-billion-parameter Abot-PhysWorld and 5-billion-parameter Wan 2.2, setting a new record for parameter efficiency in embodied world models.

Kairos matched the top instruction-following score (2.36) of the 16-billion-parameter Cosmos 3 with about one quarter of the parameters, a fourfold efficiency gain. It scored 4.96 on physics adherence, with perfect marks on Newtonian mechanics and gravity, and a perfect score on temporal quality, reflecting strong temporal consistency and visual continuity over long horizons.

A unified architecture, not a modular pipeline

ACE ROBOTICS attributes Kairos’ performance to its native unified “multi-modal understanding-generation-prediction” architecture. Unlike modular approaches that stitch together separate components for world understanding, generation and prediction, Kairos integrates these within a single backbone that shares one global world state, reducing the information loss and coordination latency between modules for more consistent physical modeling, stronger long-horizon prediction and more reliable action planning.

ACE ROBOTICS first introduced this architecture in December 2025, and the broader industry is now converging on a similar path: NVIDIA’s Cosmos 3.0, introduced in 2026, adopts a comparable single-system design that brings vision reasoning, world generation and action prediction into one architecture. Built on this foundation, Kairos-4B is, in ACE ROBOTICS’ description, the first embodied world model able to drive a physical robot directly on-device, closing the perception-to-action loop without intermediate translation latency.

Leading on synthetic data transfer and complex robot manipulation

Kairos also ranked first on DreamGen Bench, a benchmark led by NVIDIA with the University of Washington, UC Berkeley and UCLA that measures how well synthetic data generated by world models transfers to unseen objects, behaviors and environments, a key predictor of downstream robot-training value. Kairos ranked first on both average physics adherence (AVG_PA 0.538) and overall average score (AVG_Score 0.618), and led globally on new-behavior execution and new-environment adaptation.

On RoboTwin 2.0, a demanding dual-arm manipulation benchmark proposed by Shanghai Jiao Tong University and the University of Hong Kong with Shanghai AI Laboratory, Kairos scored 96.1% — a state-of-the-art result on the benchmark’s public leaderboard as of 12 June 2026. Across the benchmark’s 50 complex two-arm tasks it scored 96.9% in clean scenarios and 95.2% in randomized scenarios, ahead of VLA models such as G0.5 (93.2) and starVLA (88.3) and world models including AIM (93.1), Fast-WAM (91.8) and MotuBrain (96.0).

From benchmark leadership to commercial deployment

Together, these results validate Kairos’ technical direction across the core dimensions of embodied intelligence, from physical-rule understanding and zero-shot generalization to environmental robustness and fine-grained dual-arm manipulation, supporting ACE ROBOTICS’ aim to move robots beyond task imitation toward physical-world understanding, long-horizon reasoning and real-world execution.

The results come as ACE ROBOTICS accelerates commercialization. The company says it has raised several hundred million U.S. dollars across financing rounds in the first half of 2026, including a recent Angel+ round backed by investors such as Geely Capital, Dachen Caizhi, Shenzhen Capital Group and the Shanghai Sci-Tech Innovation Fund, with existing shareholder SenseTime’s Guoxiang Capital increasing its stake. The proceeds will support continued world-model research and integrated hardware-software solutions for sectors including smart retail, security and inspection, tourism and hospitality.

“Embodied intelligence is the next era of AI, and a world model is the key to unlocking it,” said Wang Xiaogang, Chairman of ACE ROBOTICS. “Our mission is to give every robot a capable brain.”

Kairos is openly available on GitHub, Hugging Face and ModelScope:
https://github.com/kairos-agi/kairos-sensenova
https://huggingface.co/kairos-agi
https://modelscope.cn/collections/kairos-team/kairos30

Hashtag: #ACEROBOTICS


The issuer is solely responsible for the content of this announcement.

About ACE ROBOTICS – Equipping robots with intelligent “brains” and engaging “souls”

ACE ROBOTICS is a pioneering robotics company dedicated to advancing the field of embodied intelligence. Through breakthrough technological innovations and deep insights into embodied intelligence scenarios, we aim to empower robots with the ability to autonomously understand and explore the physical world, thereby accelerating their commercial implementation.

The company pioneered the ACE R&D paradigm and built a vision-based “environmental data engine, real-world cognition, embodied interaction generalization” technology chain. Using full spatiotemporal and multi-perspective environmental capture as its engine, along with Kairos 3.0 – China’s first open-source and commercially applicable world model – plus the Embodied Foundation Model as its technical backbone, ACE ROBOTICS addresses core industry challenges such as data scarcity, common sense gaps, poor generalization, and limited versatility. Simultaneously, the company unveiled its flagship A1 Embodied Super Brain Module, accelerating the large-scale commercial deployment of embodied intelligence across diverse scenarios.

ACE ROBOTICS is both a technology pioneer and an ecosystem builder. Through strategic cooperation with top hardware manufacturers, cloud service providers, and vertical scenario partners, we have broken through the “model-hardware-scenario” industrial deadlock, providing standardized and customized solutions that are driving the development of China’s embodied intelligence industry.

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