Blockchain Press Releases

Icertis Brings Generative AI to Enterprise Contracting with Delivery of First Contract Intelligence Copilots

Published

1 year ago

July 31, 2023

icertis-brings-generative-ai-to-enterprise-contracting-with-delivery-of-first-contract-intelligence-copilots

Global leaders pioneer secure use of generative AI in contracting through Icertis ExploreAI Early Adopter Program

BELLEVUE, Wash., July 31, 2023 /PRNewswire/ — Icertis has delivered Icertis Contract Intelligence (ICI) Copilots, the first generative AI applications for enterprise contract management. Built on Icertis ExploreAI™ Service, ICI Interactive Insights Copilot and ICI Risk Assessment Copilot enable executives, legal teams, and business users alike to responsibly harness the transformational power of generative AI to turn their commercial agreements into interactive assets that achieve a step-change in contract efficiency and insights. Backed by the security and trust of Microsoft Azure, ICI Copilots leverage Azure OpenAI Service and Icertis proprietary AI models with the rich data from a company’s contracts, its enterprise systems, and the Icertis Data Lake to accelerate the pace of business, galvanize profits, and safeguard enterprises from risk.

Icertis customers include 30 percent of the Fortune 100 and global leaders such as Accenture, Best Buy, Humana, Johnson & Johnson, Mercedes-Benz, and Microsoft. Select customers engaged as early adopters of Icertis ExploreAI Service, catalyzing the launch of both ICI Copilots and a development roadmap of unmatched generative AI capabilities designed to address contracting challenges for the world’s largest enterprises.

“Contracts are a massive untapped opportunity for the application of large language models because they are universal across industries, geographies, and businesses of all sizes, and imperative to any and all commerce as we know it,” said Samir Bodas, Co-founder and CEO of Icertis. “Icertis has delivered the first generative AI Copilots in the market to lead the next era of transformation in enterprise contracting, balancing innovation with the trust and responsibility that comes with recognizing that regardless of industry – contracts are one of the most confidential and valuable assets in an enterprise.”

The first two ICI Copilots are:

ICI Interactive Insights Copilot
ICI Interactive Insights Copilot enables decision-makers to easily engage with contracts and rapidly uncover insights via pre-defined, hierarchical prompts as well as free-form prompts that highlight key provisions and identify related contract information. With role-based summaries created through a unique combination of secure data sources, including the company’s contract portfolio, integrated business systems, and the Icertis Data Lake, leaders are equipped to increase the speed and effectiveness of negotiations while instantly gaining answers to critical questions about the business.
ICI Risk Assessment Copilot
Risk Assessment Copilot automates and accelerates high-volume contract reviews by comparing contract attributes with a company’s standard playbook and practices, enabling enterprises to more effectively manage risk by ensuring required clauses and approved language are present in every agreement. In addition to providing a risk score, guided prompts allow legal teams to quickly identify and address missing or noncompliant attributes, while also eliminating time-consuming, error-prone processes by earmarking agreements that do not require further review.

“I am delighted for the BCG Legal Team to test Icertis ExploreAI Service and ICI Copilots as part of the Early Adopter program,” said Ulrike Schwarz-Runer, Global General Counsel at Boston Consulting Group. “We aim to unlock deep data-driven insights in our contracts through an agile approach. It’s exciting to see the early results and we’re eagerly looking forward to continuing the journey to unlock value for our clients, firm, and lawyers.”

Icertis has a rich history of AI innovation and was the first to embed AI in contract lifecycle management to enable true contract intelligence and unlock the potential of AI in contracting. ICI Interactive Insights and ICI Risk Assessment Copilots signal the next transformative milestone in the company’s AI innovation journey as the first generative AI applications to join the Icertis AI portfolio, which also includes Icertis AI Studio, Icertis NegotiateAI, Icertis DiscoverAI, and Icertis VisualizeAI.

About Icertis

With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today, the world’s most iconic brands and disruptive innovators trust Icertis to govern the rights and commitments in their ten million+ contracts worth more than $1 trillion in 40+ languages and 90+ countries.

Media Contact
Michelle Rodriguez
Senior Manager, Corporate Communications
[email protected]

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Blockchain Press Releases

Bybit Expands On-Chain Earn Offering with SUI Staking

Published

1 hour ago

December 10, 2024

CISION (PR Newswire)

bybit-expands-on-chain-earn-offering-with-sui-staking

DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the addition of SUI to its On-Chain Earn platform, providing users the ability to participate in blockchain security while earning staking rewards. To mark this launch, a 12,000 SUI bonus pool will be available to eligible participants staking SUI during the event period.

Event Details

Duration: From now until Jan. 3, 2025, 11:59 PM (UTC)
Bonus Pool: 12,000 SUI, distributed proportionally based on participants’ staking amounts.

Key Features of SUI Staking on Bybit

Higher APY Potential: On-chain staking offers competitive annual percentage yields.
Simplified Process: Bybit handles minor fees and distributes daily staking rewards directly to users.
Support for Blockchain Decentralization: Staking supports the decentralization and security of blockchain networks.
Flexibility: Participants can stake and redeem with ease, offering both convenience and accessibility.

Staking Mechanics and Reward Distribution

Users staking SUI on Bybit’s On-Chain Earn during the event must maintain a staking period of at least 24 hours to qualify for earnings and the bonus pool. Rewards will be credited to users’ Funding Accounts daily at 6:00 AM UTC, with no limits on the potential daily SUI earnings.

“We are excited to enhance our On-Chain Earn platform with the addition of SUI staking,” said Joan Han, Sales and Marketing Director of Bybit. “This staking initiative reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”

Bybit On-Chain Earn is an easy-to-use staking service that lets users earn rewards by staking crypto directly on the blockchain. Staking can be complicated, often requiring technical expertise and specialized hardware. Bybit On-Chain Earn simplifies this process by managing all the complexities — gas fees, node operations, and reward distribution — so users can stake popular PoS cryptocurrencies like ETH and SOL with just a few clicks.

Find out more: SUI-percharge with On-Chain Earn: Stake SUI to Earn up to 12,000 SUI

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit Launches On-Chain Earn: Up to 3% APR with $cmETH and Guaranteed ETH Rewards

Published

1 hour ago

December 10, 2024

CISION (PR Newswire)

bybit-launches-on-chain-earn:-up-to-3%-apr-with-$cmeth-and-guaranteed-eth-rewards

DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its cmETH On-Chain Earn Party, offering users the opportunity to earn up to 3% APR by pledging $cmETH during the event period from Dec. 2, 2024, 10:00 UTC, to Feb. 28, 2025, 23:59 UTC.

This innovative program is designed to simplify Ethereum staking, providing guaranteed bonus ETH yields, seamless daily payouts, and effortless one-click convenience. Bybit On-Chain Earn continues its commitment to delivering user-focused solutions that maximize rewards and reduce complexity for its community.

Why Choose $cmETH with Bybit?

Guaranteed Bonus Yield in ETH:
Bybit eliminates the challenge of managing multiple staking rewards by offering a guaranteed ETH bonus yield for $cmETH holders, simplifying the staking process.
Daily Payouts:
Enjoy daily ETH distributions directly credited to your Funding Account for effortless earnings access.
One-Click Convenience:
Bybit makes staking easy with a seamless process to mint $cmETH from ETH or restake $mETH to $cmETH with just one click.

“At Bybit, we are committed to empowering our community with innovative and user-friendly crypto solutions,” said Joan Han, Sales and Marketing Director of Bybit. “With On-Chain Earn, we’re providing an effortless and rewarding way for users to make the most of their holdings, reaffirming our dedication to simplifying the crypto experience while maximizing benefits.”

Bybit’s On-Chain Earn reflects its dedication to empowering users with simple, efficient, and rewarding cryptocurrency solutions. To learn more about eligibility, snapshot criteria, and additional details, visit the Bybit On-Chain Earn page.

#Bybit / #TheCryptoArk

About Bybit

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Blockchain Press Releases

Bybit Web3 Boosts its Supports to L1 Ecosystems at Taipei Blockchain Week 2024 with Co-hosted Solana and Sui Events

Published

5 hours ago

December 10, 2024

CISION (PR Newswire)

bybit-web3-boosts-its-supports-to-l1-ecosystems-at-taipei-blockchain-week-2024-with-co-hosted-solana-and-sui-events

DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, marks its 6th anniversary with a vibrant presence at Taipei Blockchain Week 2024. Dedicated to fostering Web3 innovation and ecosystem building, Bybit Web3 showcases its collaborative efforts and thought leadership across blockchain and Layer 1 communities.

Collaborative Highlights with Ecosystem Partners

1. Sui Ecosystem Deep Dive

Bybit Web3 will collaborate with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects to discuss the future of the Sui blockchain. A special livestream even t, hosted by Head of Spot and Web3, Emily Bao at Bybit, “Mass Adoption vs. Native Growth: What’s next for Sui,” will take place on December 13, 2024, at 8 AM UTC. Participants may also get to win from a prize pool of $1,000 in SUI during the interactive sessions.

2. Co-hosting Community Events
Bybit Web3 is actively involved in the wider conversation at Taipei Blockchain Week by co-hosting two exciting side events, with MK Chin, Marketing Lead, Bybit Web3:

Solana Ecosystem Taipei Greetings: This event, co-hosted by Solana Foundation, Solar, and Bybit Web3, supported by Orderly Network, Zetachain, ApePro and Sonic, will bring together multiple ecosystem players in the Solana ecosystem for a dynamic gathering.
Taiwan DeFi Flow: This event, co-hosted by Sui, Scallop and Bybit Web3, fosters networking among DeFi industry peers, aiming to spark partnerships and collaborations.

During the Taipei Blockchain Week, Angela Huang, Bybit’s VIP Relationship Manager, will also serve as the host for three days of insightful discussions, panels, including moderating two conversations on:

Bybit’s activities at Taipei Blockchain Week 2024 reflect its mission to champion decentralized technologies, bridge traditional finance and decentralized finance conversations, and amplify the voices of women in technology. Through innovation-driven collaborations, Bybit is accelerating pathways to mass adoption while nurturing vibrant Web3 communities.

#Bybit / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume with 50 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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