AI’s Growth Reveals a Hidden $4.63 Trillion Problem: Outdated and Unmanaged Enterprise Content

The cost of content debt is greater than the GDP of Japan, the fourth-largest economy in the world

NEW YORK, Aug. 11, 2026 /PRNewswire/ — New research from Storyblok, in collaboration with FT Longitude (part of The Financial Times), uncovers the true cost of content debt: content that is outdated, poorly structured, not optimized for search or AI discovery, and difficult to update and publish efficiently. According to a survey of organizations with at least $1 billion in annual global revenue, content debt is costing enterprises $4.63 trillion worldwide, based on spend devoted to fixing it and revenue at risk from it.

AI search made a bad problem even worse

Content debt has always been buried in Google searches, but companies ignored it because they didn’t feel the impact. Now that AI is using that outdated content in its answers, many brands are either being misrepresented or left out entirely.

The business impact of content debt is significant:

• $663.4 million – Average content debt per company in the survey
• 5.9% – Average annual revenue at risk from content debt
• $4.8 million – Average amount spent fixing content debt (34% of total content spend)
• 105.4 – Average hours spent each week maintaining existing content

Executives realize they have a content problem

After decades of letting brand inconsistencies spread online, executives understand that their bad content habits have to change now.

• 89% say improving the quality, structure, and governance of their content would deliver measurable business value for their organization
• 78% say their organization carries more digital content than it can realistically keep accurate, relevant, and up to date
• 69% say outdated or inconsistent content is making it harder for customers to find, trust, or act on their information
• 69% say the lack of visibility they have of their content is a compliance risk for their organization
• 67% say poor content quality or structure is weakening their visibility in search and AI-driven discovery

Content debt is a technical problem that can be solved

69% of executives agree that improving their content strategy is more of a technical challenge than a creative one, which suggests that teams are being held back by their CMS and tech stack, not their abilities. Those with the most content confidence are less likely to have their systems and workflows limit their responsiveness (38% vs. 59%), and more likely to exceed their financial targets (64% vs. 46%) than those with lower content confidence.

Dominik Angerer, CEO and Co-Founder of Storyblok, said: “For decades, publishing as much content as possible, hoping it ranks in search, and letting the content and platforms decay has been a business strategy. It felt good at the time, just like loading up a credit card with a bunch of impulsive purchases and not thinking about the true cost of the debt. But now AI has exposed the scope of the problem and it can’t be ignored anymore. The bill is past due.

“In the same way that consumers need to develop a plan to pay off debt, brands need a content debt recovery plan that helps them eliminate the content and tech debt that is a burden to their business. The fact that they’re already spending so much time and money maintaining content and it isn’t decreasing the overall effects of content debt in a meaningful way proves that what they’re doing isn’t working.

“The companies that audit all of their content, implement new ways of managing it, and measure the results will have confidence that their content is accurate, optimized, visible, and driving revenue in AI and every channel that’s important to them.”

The research findings are based on a survey of 550 senior leaders across the US, UK, Germany, Australia, and the Netherlands, conducted between May 16 and June 8, 2026. The respondents worked at organizations with at least $1 billion in annual global revenue, or in the local currency equivalent, and at least 1,000 employees globally. Their organizations operated in one of the following sectors: ecommerce, education, finance, manufacturing, retail, or technology.

Resources

• Download the research report produced in collaboration with FT Longitude – Content Debt: A $4.63 Trillion Business Liability: https://www.storyblok.com/lp/ft-longitude-content-debt-report
• Use this calculator to discover the total cost of your content debt: https://www.storyblok.com/lp/content-debt-calculator
• Download the Content Debt Recovery Plan to learn how to eliminate content debt and gain Content Confidence: https://www.storyblok.com/lp/content-debt-recovery-plan
• Register to attend JoyConf and learn more about Content Confidence: https://www.storyblok.com/joyconf
• Learn more about Storyblok: https://www.storyblok.com
• See case studies: https://www.storyblok.com/case-studies
• View Storyblok’s press kit: https://www.storyblok.com/press
• Follow Storyblok on LinkedIn: https://www.linkedin.com/company/storyblok

About Storyblok

Storyblok is a headless CMS that enables marketers and developers to create with joy and publish with confidence. It empowers you to deliver structured and consistent content everywhere: websites, apps, AI search, and beyond.

Legendary brands like Virgin Media O2, Oatly, and TomTom use Storyblok to make a bigger, faster market impact.

Press Contact

Brandon Watts 

Director of PR and Communications 

brandon.watts@storyblok.com

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IBM and Together AI Sign Multi-Year Agreement to Scale Open-Source AI Inference with NVIDIA AI Infrastructure on IBM Cloud

First large-scale inference cluster with Together AI on IBM Cloud using NVIDIA HGX B300 systems to help enterprises run AI workloads, designed for fast and efficient production

ARMONK, N.Y. and SAN FRANCISCO, Aug. 11, 2026 /PRNewswire/ — IBM (NYSE: IBM) announced a collaboration with Together AI to deliver IBM and NVIDIA AI infrastructure. Under a multi-year $240M agreement between IBM and Together AI, IBM is positioned to deploy a large cluster of NVIDIA HGX B300 systems on IBM Cloud with expected availability in Q1 2027. Together AI will use this cluster to provide open-source model inference. This deployment is the first dedicated, large-scale cluster built for inference on IBM Cloud using HGX B300 systems and NVIDIA Spectrum–X^TM Ethernet networking. According to NVIDIA, it is built to deliver 30x more AI factory output compared to prior generations.

This collaboration aims to enable Together AI to deliver better performance and token economics to enterprises as they look to efficiently scale their AI deployments. Together AI is built on the principle that open-source models are essential for the future of AI and developers should be able to build using open, modular stacks. The company recently raised an $800M Series C financing round at an $8.3B valuation to expand its AI Native Cloud and its platform spans capabilities across inference, training, fine tuning, and agentic workflows. The company reports that it has seen significant momentum for its inference product, now serving 400 trillion tokens monthly.         

Together AI selected IBM with NVIDIA because of their innovative product roadmaps and their ability to deliver GPU capacity at the pace required for rapid AI scaling and lowest token cost. Building on IBM’s expertise in delivering enterprise-grade cloud capabilities, this collaboration aims to help Together AI to continue its expansion into the enterprise space while making open-source AI more accessible to developers and enterprises around the world.

“Enterprises want the performance of the best frontier models without the closed-model price tag, and that only works if the infrastructure underneath is fast and reliable at scale,” said Vipul Ved Prakash, CEO at Together AI. “Working alongside IBM with NVIDIA gives us that foundation. This cluster lets us bring production-grade inference to more companies, faster, and it’s a big step in our push to make open-source AI the obvious choice for enterprises.”

IBM and NVIDIA Expand Collaboration to Power the Next Wave of AI Innovation

“Enterprises are in a race to adopt agentic AI at scale to drive real business outcomes,” said Alan Peacock, General Manager of IBM Cloud. “IBM and NVIDIA are delivering scalable, economical, enterprise-grade AI infrastructure that can help Together AI accelerate innovation for the next generation of AI infrastructure.”

“AI factories are becoming essential enterprise infrastructure—like electricity and telecommunications—turning compute and data into intelligence,” said Dion Harris, Senior Director, HPC and AI Infrastructure Solutions, NVIDIA. “With NVIDIA HGX B300 systems and NVIDIA Spectrum-X Ethernet networking on IBM Cloud, IBM and Together AI will deliver an accelerated computing platform to help enterprises deploy open-source AI with the performance, efficiency and scale required for real-time AI services.”

This work is the latest example of a larger collaboration between IBM and NVIDIA, who continue to work together to advance AI across infrastructure and software, to deliver performance and efficiency for enterprise and startup clients. A hybrid environment on IBM Cloud powered by NVIDIA GPUs connected with NVIDIA Spectrum-X Ethernet networking and Together AI’s inference platform gives organizations a reliable foundation to build, deploy and scale AI systems. Additionally, IBM and NVIDIA recently announced progress across GPU-native data analytics, unstructured data extraction, on-premises and cloud infrastructure, and consulting services. These advancements are designed to help organizations operationalize AI at scale. For more information about the IBM and NVIDIA collaboration, visit www.ibm.com/products/gpu-ai-accelerator/nvidia.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain a competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

About Together AI

Together AI is the AI Native Cloud, combining state-of-the-art open-source models, high-performance infrastructure, and frontier research in AI efficiency and scalability. Founded in 2022, Together AI powers over a million of developers and some of the world’s most demanding AI workloads, delivering production-scale inference, training, and reinforcement learning for the next generation of AI-native companies.

Media Contact

Kate Gazzillo 

kate.gazzillo@ibm.com

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Bracco Marks Major Global Milestone with U.S. FDA 510(k) Clearance and Health Canada Authorization for VueJect®, the First Dedicated Ultrasound Contrast Delivery System to Support Cardiology Imaging

VueJect^® strengthens Bracco’s integrated CEUS ecosystem by enabling more standardized, efficient contrast administration in cardiology imaging

MILAN, Aug. 11, 2026 /PRNewswire/ — Bracco Imaging today announced that VueJect^®, its first dedicated ultrasound contrast delivery system engineered to support cardiology imaging specifically, has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) and authorization from Health Canada. These regulatory milestones represent the first step in Bracco’s broader global commercialization strategy for VueJect, reinforcing the company’s long-term commitment to advancing contrast-enhanced ultrasound (CEUS). VueJect will initially be available in the United States and Canada, with additional regulatory submissions planned in other markets.

VueJect expands Bracco’s growing CEUS ecosystem by providing a dedicated contrast delivery solution designed to:

• Improve workflow efficiency through a streamlined contrast administration process
• Reduce operator variability leading to consistency during contrast administration
• Enable continuous administration of ultrasound contrast agents to support more consistent enhancement during cardiac imaging procedures.

“VueJect represents a significant strategic milestone for Bracco as we continue investing in innovations that advance contrast-enhanced ultrasound worldwide,” said Fulvio Renoldi Bracco, Vice Chairman and CEO, Bracco Imaging. “Beginning with regulatory approvals in the United States and Canada, VueJect further advances our integrated ultrasound portfolio and reflects our commitment to expanding access to innovative diagnostic solutions around the world.”

“VueJect is a defining addition to our CEUS ecosystem, adding a dedicated injector to our Ultrasound-Enhancing Agent portfolio that is able to administer Lumason/SonoVue in dilution in Echocardiography procedures,” said Luca Frazzoli, Global Head of Ultrasound, Bracco Imaging. “As we bring this technology to more markets, we expect it to change what sonographers and physicians come to expect from contrast administration, setting a new standard for consistency and confidence in everyday practice.”

“FDA clearance and Health Canada authorization mark an important milestone for clinicians across North America,” said Robert Mitchell, MBA, Director, Ultrasound Platform, Americas. “VueJect provides cardiac sonographers with a more standardized approach to contrast administration, helping deliver more consistent CEUS examinations, day in and day out.”

Following these regulatory milestones in the United States and Canada, Bracco is preparing for commercial launch while advancing plans for future regulatory submissions in additional global markets. VueJect marks the latest step in Bracco’s investment in contrast-enhanced ultrasound.

VueJect has received 510(k) clearance from the U.S. FDA and is licensed by Health Canada under Medical Device License No. 115637. For complete operating instructions, warnings, precautions, and other important safety information, refer to the instructions for use.

About Bracco

Bracco Group, founded in 1927, is a global leader in diagnostic imaging, committed to advancing healthcare and improving people’s lives by shaping the future of prevention and precision medicine.

The company operates in the healthcare sector across more than 100 countries with a workforce of over 4,000 employees and consolidated annual revenues of approximately €2 billion, 88% generated by international markets.

With a strong commitment to innovation – investing around 9% of its reference turnover in Research & Development – Bracco develops and provides a broad portfolio of pharmaceutical products for diagnostic imaging, including contrast agents for X-ray, Computed Tomography (CT), and Magnetic Resonance Imaging (MRI), as well as microbubbles for Contrast Enhanced Ultrasound (CEUS), and Molecular Imaging through radioactive tracers and novel PET imaging agents, alongside AI-based solutions. It is also a global market leader in advanced contrast management technologies for cardiovascular angiography and radiology imaging.

Discover more at www.bracco.com.

VUEJECT is a registered trademark of Bracco Imaging S.p.A.

Media Contact Global:

Alessandra Vulpiani

Bracco Imaging, Senior Marketing Communication Manager

Alessandra.Vulpiani@bracco.com

Media Contact Americas:

Monica Rentschler

Bracco Imaging, Assoc. Director, Marketing Communications, Americas

T +1 609.514.2382

BDIMediaContact@diag.bracco.com

CA-VJECT-2600001 8/26

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Green Cabbage Announces the Launch of the F&I (Finance & Insurance) Market Data Spend Cube

New Spend Cube Enables Global Companies to Negotiate Smarter Deals with F&I Suppliers

PITTSBURGH, Aug. 11, 2026 /PRNewswire/ — Green Cabbage, the leading procurement intelligence partner for 2,600+ organizations across North America, EMEA, APAC, and LATAM, today announced the launch of its F&I (Finance & Insurance) Market Data Spend Cube.

The F&I Spend Cube arms finance, procurement, and legal teams with independent market intelligence to identify spending patterns, eliminate overpayment, and unlock negotiation leverage across three critical spend categories: Market Data & Information Aggregators, Insurance & Financial Services Technology, and Financial Services Operations & Analytics.

“This is what speed and client value looks like,” says Eric Cunningham, CEO of Green Cabbage. “Our clients asked for this, and it went directly into product in weeks, not quarters. This is a massive opportunity for CFOs. Finance & Insurance is one of the largest, most opaque spend categories on their balance sheet, and most have zero visibility into whether they’re getting market rates. The F&I Market Data Spend Cube represents Green Cabbage moving at the pace our clients expect: fast, focused, and ready to help finance and procurement teams unlock real value and negotiate from a position of market strength.”

The F&I Market Data Spend Cube provides deep benchmarking across three strategic procurement categories:

Market Data & Information Aggregators

Capital markets data, industry research, macroeconomic intelligence, and alternative data platforms represent significant annual commitments for many organizations. The F&I Market Data Spend Cube benchmarks data license fees, identifies overlapping subscriptions across trading, research, and analytics functions, and evaluates supplier pricing against actual utilization.

Insurance & Financial Services Technology

Policy administration systems, wealth management platforms, mortgage origination tools, and trading order management systems are mission-critical and often poorly managed. The F&I Market Data Spend Cube evaluates platform licensing fees, identifies consolidation opportunities, compares total cost of ownership across competing solutions, and surfaces pricing gaps relative to transaction volume and user adoption.

Financial Services Operations & Analytics

Credit data, KYC/AML compliance platforms, actuarial and risk analytics, and collateral valuation services are essential operational tools. The F&I Market Data Spend Cube benchmarks operational data costs by volume and service tier, evaluates compliance platform fees against regulatory requirements, and identifies overlapping analytics platform subscriptions across business units.

According to Don Addington and Jim Florentine, key Executive Advisory Board members at Green Cabbage, “Our EAB represents some of the largest companies in the world, and all are seeing the same challenge: procurement and finance teams negotiating blind, renewing policy administration platforms because they don’t understand competitive alternatives, or overpaying for various data sources because they have no market reference point. This gives finance leaders the visibility and control they need to identify millions in hidden value, benchmark their actual F&I costs against peers, and drive meaningful bottom-line impact. The F&I Market Data Spend Cube closes that gap overnight.”

The F&I Market Data Spend Cube enables companies to:

• Benchmark capital markets and alternative data subscriptions against peer institutional spend and usage volume
• Identify and eliminate redundant platform licenses across finance, treasury, wealth management, and operations
• Evaluate technology platform costs on a total-cost-of-ownership basis, including implementation, integrations, and support
• Assess operational data and analytics platform contracts for scope creep and renegotiation opportunities
• Negotiate data redistribution rights, user seat terms, and enterprise license structures with concrete market leverage

About Green Cabbage

Green Cabbage, Inc. is the global leader in procurement intelligence, addressing AI, Technology, Third-Party Labor, Marketing, Travel & Expense, MRO, Employee Benefits, and Finance & Insurance spend through our Harvest Platform. Green Cabbage delivers real, tangible outcomes with market, commercial, and supplier intelligence in as little as 24 hours. Green Cabbage services 2600+ clients globally in enterprise, mid-market, private equity, and consulting firms on pricing strategy and licensing to negotiation, audit defense, legal advisory, training, and more.

For more information about Green Cabbage’s Finance & Insurance Spend Cube, contact Seth Benson at seth.benson@greencabbage.com or visit www.greencabbage.com.

Media Contact: Sheena Smith, Chief Marketing Officer, sheena.smith@greencabbage.com www.greencabbage.com

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Chandigarh University Students’ ‘Green Heart’ Wins NASSCOM’s Best Startup Award, Bags ₹5 Lakh Grant to Transform Farming with AI, Satellites & IoT

From Campus Innovation to AgriTech Breakthrough: Chandigarh University Students’ ‘Green Heart’ Wins NASSCOM’s Best Startup Award

CHANDIGARH, India, Aug. 11, 2026 /PRNewswire/ — A Chandigarh University student startup has secured the Best Startup Award, along with a Rs 5,00,000 grant for its Al-driven smart agriculture technology platform ‘GreenHeart’ at ‘Neovation 2026’ (ThingQbator), a prestigious innovation and startup incubation initiative organized by NASSCOM, the apex body representing India’s $250-billion technology sector.

Founded by three Chandigarh University students including Garvit Saluja (Founder), Aditya Bhandari and Prakhar Nautiyal (both Co-Founders), all final-year students of B Tech in Computer Science and Engineering (Artificial Intelligence and Machine Learning (AIML)), this tech-enabled platform ‘GreenHeart’ has been designed to improve farm productivity and sustainability using data-driven insights, reduce water, fertilizer, and pesticide usage and detect crop stress and diseases. Besides winning Neovation 2026, this Startup also represented Chandigarh University as a finalist in the Smart India Hackathon (SIH) 2025.

Besides using real-time sensors for environmental monitoring and data collection with IoT and 5G integration, this platform processes satellite data to provide personalized recommendations for crops, fertilizers, and pest detection. This platform features a user-friendly, multilingual interface to ensure it is usable for farmers across different regions.

“Our startup is a kind of research lab for AI and hardware research. We are currently working on multiple products including a soil analysis device to measure key soil parameters including NPK (Nitrogen, Phosphorus, Potassium) levels, soil fertility, electrical conductivity, and soil sensitivity for helping farmers make informed decisions to improve crop productivity. Our water quality monitoring device evaluates critical water parameters including heavy metal concentration, turbidity and Total Dissolved Solids (TDS). We have also designed an autonomous submarine system designed to operate in canals. It moves independently through the water and detects micro plastics present in the canal, helping monitor water pollution. We are among the first companies in India to develop such a system. Prototype of these products has been developed and successfully tested in real-world or field conditions,” Garvit Saluja said.

Green Heart Co-Founder, Aditya Bhandari said Green Heart is undertaking a pilot project to test its hardware products in agriculture fields. “Besides testing our products in multiple locations, at present we are working on a pilot project with 50 farmers in Ropar and Ludhiana to test Green Heart hardware devices. We collect the data from Sentinel-1 and Sentinel-2 satellites which are part of the Copernicus program (ESA) and provide free, open-access satellite data via APIs like Sentinel Hub or Google Earth Engine. From Sentinel-2 (optical imagery with 10-meter resolution), we compute vegetation indices such as Normalized Difference Vegetation Index (NDVI) to monitor crop health and vegetation density. Additionally, from Sentinel-1 (SAR radar), we obtain backscatter data that helps estimate surface soil moisture and works reliably even under cloud cover, which is critical for continuous monitoring in agricultural regions. This satellite data provides spatial, large-scale validation and continuous crop condition monitoring, which complements point-based sensor data and ultimately improves the overall accuracy of agricultural decision-making,” Aditya Bhandari said.

“After that, we use our own AI models to analyse this combined data and generate detailed reports for farmers, recommending which crops are best suited for their soil and environmental conditions. We also perform weather prediction and provide farmers with actionable recommendations with the help of multiple data sources, including satellite imagery, sensor data, and historical weather patterns. So, if a farmer is currently growing a certain crop, our system may suggest an alternative crop that is better suited to the field conditions. By following these recommendations, farmers can potentially increase their crop yield and profit margins by approximately 15 to 20%. Our startup 4 to 5% from that profit farmers make on their total investments in a field on the basis of our recommendations,” he added.

Prakhar Nautiyal, Co-Founder Green Heart, said, “We chose AgriTech as our major focus because agriculture plays a very significant role in India. More than 50% of India’s population is directly or indirectly dependent on agriculture, making it one of the most important sectors in the country. The AgriTech market in India, valued at around $450 million, is growing rapidly and offers huge opportunities for innovation.”

“As a student of Chandigarh University, we used to participate in hackathons which introduced us to the startup ecosystem. As we were competing with startups that were already generating revenue of around Rs 1.5 Crore, this inspired us to build a Startup of our own. Then we received support from a government-backed MeitY seed fund of Rs 7 lakh, which became the starting point of our startup journey. Since then, it has been around one year and we have been continuously developing in multiple sectors, including AgriTech and logistics. For this, we always got the encouragement from all our teachers and higher management of the university,” said Garvit Saluja.

Congratulating Garvit Saluja, Aditya Bhandari and Prakhar Nautiyal,  Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, “Chandigarh University’s promotes the culture of creating the jobs by nurturing entrepreneurship skills among students. The participation of these students in NEOVATION (ThingQbator), organized by NASSCOM, marked a significant milestone in their entrepreneurial journey. The achievement of securing the Best Startup Award, along with a Rs 5 lakh grant, highlights their innovation, execution capability, and startup potential. It’s even more satisfying that these students have founded Startup for developing Al-driven smart agriculture technology and contributing meaningfully to the innovation landscape at both national and global levels.”

“As a Research-Intensive University, Chandigarh University remains focused on research and innovation by fostering an entrepreneurial ecosystem which encourages its students for innovating new technologies and unlock boundless opportunities for growth. Ever since the inception of the Chandigarh University, CU students have created over 250 Start-Ups. Chandigarh University’s Technology Business Incubator (CU-TBI) is mobilising Rs 5 crore to catalyze growth in the startup ecosystem at CU,” Sandhu added.

Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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Octillion Power Systems Opens Third India Manufacturing Plant, Expanding EV Battery Capacity in Gujarat

New 13,000-square-meter facility built in under eight months adds more than 3 GWh of annual battery capacity, reinforcing India’s electric mobility supply chain across passenger, commercial truck/LCV, and bus segments

RICHMOND, Calif., Aug. 11, 2026 /PRNewswire/ — Octillion Power Systems (“Octillion”), a global Tier 1 supplier of electric vehicle (EV) battery systems, today announced the opening of its third manufacturing plant in India, located in Halol, Gujarat. The facility, spanning more than 13,000 square meters, was transformed from an empty structure into a fully operational battery manufacturing plant in less than eight months — further strengthening India’s EV supply chain and expanding Octillion’s global production footprint.

At full capacity, the Gujarat plant will produce more than 48,000 battery systems annually, contributing over 3 GWh of energy storage capacity each year. Combined with Octillion’s two existing India facilities, the company’s annual production in the country is expected to exceed 150,000 battery systems and approximately 9 GWh of battery capacity in India alone — supporting the passenger vehicle, trucks/LCVs, and bus segments that are driving India’s electrification push.

“India is one of the most important growth markets in the global transition to electric mobility, and this facility reflects our long-term commitment to building capacity where our customers need it most,” said Paul Beach, Global President of Octillion Power Systems. “Delivering a fully operational plant in under eight months is a testament to the discipline of our team and our ability to execute at speed without compromising the quality standards our customers depend on.”

India’s E-Mobility Market Is Accelerating Across Every Segment

The Halol facility comes online as India’s EV market enters a period of rapid, broad-based growth. According to JMK Research, India’s EV sales rose 43% year-over-year in the first half of 2026, reaching more than 1.54 million units and pushing overall EV penetration past 11%. Electric passenger cars led the surge, up 83% year-over-year in the same period, while electric buses climbed 42% on the strength of large-scale deployments under the government’s PM E-Bus Sewa and PM E-DRIVE programs — which allocated more than 4,200 e-buses in June 2026 alone, coinciding with the highest-ever monthly e-bus sales on record. Electric trucks, still an early-stage segment, posted the fastest relative growth of all, with cumulative sales up more than 300% year-over-year as logistics, e-commerce, and industrial fleets pursue decarbonization and total-cost-of-ownership gains.

That momentum is underpinned by ambitious national targets: India aims for EVs to account for 30% of private car sales, 70% of commercial vehicle sales, 40% of bus sales, and 80% of two- and three-wheeler sales by 2030, supported by programs such as PM E-DRIVE and the Advanced Chemistry Cell (ACC) Production-Linked Incentive scheme. For battery suppliers, that trajectory translates directly into sustained demand across every vehicle class Octillion serves in the country.

Building a More Resilient Battery Supply Chain in India

Manufacturing capacity is only part of the equation. India remains heavily dependent on imported lithium, cobalt, and nickel for battery production, and net localization for high-value components such as cells, motors, and controllers remains below 20% for many manufacturers, according to research from the International Institute for Sustainable Development. Closing that gap is now a national priority: the government’s National Critical Minerals Mission is funding domestic exploration and processing capacity, customs duties have been eliminated on 25 critical minerals, and a dedicated battery mineral processing policy is expected to be finalized in the coming months to build a complete local value chain for battery-grade materials.

Against that backdrop, Octillion’s approach to the Gujarat facility — and to its broader India footprint — is designed to go beyond assembly. The plant integrates the company’s standardized production process, extensive thermal modeling, and fully integrated battery management systems directly into the local supply base, reducing lead times, improving responsiveness to customers, and building the kind of redundant, in-country capacity that OEMs increasingly require as they de-risk their sourcing strategies.

“A resilient EV supply chain in India can’t just mean more square footage — it means depth: local sourcing, local quality control, and local engineering talent working side by side with our global standards,” said Nikhil Parchure, SVP at Octillion Power Systems. “That’s what we’ve built in Halol. As India moves toward its 2030 electrification targets across cars, trucks, and buses, our customers need a partner who can scale with them without exposing them to global supply chain volatility, and that is exactly the role we intend to play.”

Today, Octillion is the leading supplier of EV battery packs in India across passenger vehicles, buses, and commercial trucks. The addition of the Halol facility further expands the company’s ability to support the country’s growing transportation electrification efforts, while reinforcing the redundancy and scale required to serve a market moving toward mass adoption across every vehicle category.

Building for the Future

The rapid completion of the Gujarat facility demonstrates Octillion’s ability to execute large-scale manufacturing projects efficiently while maintaining the quality, safety, and operational standards required for advanced battery production. More importantly, the facility represents an investment in the future — supporting the continued growth of electric mobility, creating new opportunities across the EV value chain, and helping meet increasing demand for battery systems both in India and globally.

As demand for electrification continues to grow worldwide, Octillion remains focused on expanding manufacturing capacity, supporting customers closer to their markets, and delivering the advanced battery systems that power the global energy transition.

A video of the Gujarat facility’s transformation is available to view alongside this release.

About Octillion Power Systems, Inc.

Octillion, headquartered in Richmond, California, is a Tier 1 supplier of advanced high-density energy storage systems focused on the electrification of cross-sector electric mobility — spanning passenger vehicles, commercial trucks, transit buses, marine craft, and heavy industrial machinery. With 9 global manufacturing facilities, Octillion has delivered more than 2.7 million batteries to the global EV market, over 45 billion kilometers driven on its systems, and 24 GWh of annual production capacity in 2024. Octillion is a turnkey battery supplier for the transportation market, providing its customers with a bridge from design to mass-scale manufacturing. Octillion products undergo a robust design process, including extensive thermal modeling, fully integrated battery management systems, and a standardized production process that offers a customized-package solution. Learn more at www.octillion.us.

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ISPP and Cheistha Kochhar Foundation Celebrate Behavioural Innovation at the Inaugural Cheistha Kochhar Nudge Awards 2026

New Delhi, Aug 11: The Indian School of Public Policy, in partnership with the Cheistha Kochhar Foundation, hosted the inaugural Cheistha Kochhar Nudge Awards 2026. The event brought together policymakers, behavioural scientists, academics, social entrepreneurs, and public leaders to celebrate innovative applications of behavioural science that address real-world public policy and development challenges across India.

The Awards honour the life and legacy of Cheistha Kochhar, a dedicated public policy professional committed to using behavioural insights and evidence-based policymaking to drive change. Through this annual initiative, ISPP and the Cheistha Kochhar Foundation seek to recognise and encourage scalable, practical behavioural nudges, interventions rooted in psychology and economics, that simplify decision-making, improve citizen outcomes, and preserve individual choice.

The ceremony was graced by Dr. Ashok Lahiri, Hon’ble Vice Chairperson, NITI Aayog, as the Chief Guest, alongside Guests of Honour Gen. Dalbir Singh Suhag (Retd.), former Chief of the Army Staff and former High Commissioner of India to Seychelles, and Prof. Dr. Pulkit Khanna, Dean, Jindal Institute of Behavioural Sciences.

Reflecting on the role of behavioural science in policymaking, Dr. Ashok Lahiri said,

 “India’s next frontier in public policy is not merely designing better schemes, but designing schemes around how citizens actually behave. Nudges can help bridge this gap by subtly changing the way choices are presented without taking away individual freedom.” He highlighted the potential of behavioural audits, field experiments and digital public infrastructure to test, measure and rapidly scale interventions that work, making governance more citizen-centric, outcome-oriented and fiscally efficient.

Speaking about Cheistha’s legacy, Gen. Dalbir Singh Suhag Retd. remembered her as

“God’s child, a wonder child and an angel,” whose energy, warmth and intellect left an impression wherever she studied and worked. “What she achieved in just 33 years, most of us cannot achieve in a lifetime. She has left a legacy behind,” he said, adding that while Cheistha may not be physically present, “she is within our hearts.”

Emphasising the human dimension of behavioural science, Prof. Dr. Pulkit Khanna said,

 “Before you try to change behaviour, please try a little more to understand it.” She observed that a good nudge is “not necessarily the most clever one or the smartest one, but one that is grounded as much in empathy as in evidence.” Looking ahead, she said the future of behavioural science lies in bringing together “evidence, empathy, ethics and impact,” while remembering that “behind every data point there is a human being.”

The evening opened with welcome remarks by Luis Miranda, Chairperson and Co-Founder of ISPP, followed by a special address by Lt. Gen. Dr. S. P. Kochhar, Director General, Cellular Operators Association of India , reflecting on Cheistha’s life, values, and vision.

The Future of Nudging

A panel discussion titled “The Future of Nudging: Behavioural Economics and Public Impact in India”, moderated by Dr. Sujoy Chakravarty, Professor of Economics, JNU, featured Biju Dominic, Chief Evangelist, Fractal Analytics & Chairperson, FinalMile Consulting; Ruby Sinha, Founder, sheatwork.com & President, BRICS CCI Women’s Vertical; and Rama Shankar Pandey, CEO, Work With Dignity Foundation.

The panel explored the expanding role of behavioural architecture in modernising service delivery, citizen engagement, and administrative efficiency in India.

Celebrating the Award Winners

The Cheistha Kochhar Nudge Awards 2026 recognised three impactful initiatives, presenting each with a cash prize of ₹10 lakh to support their continued innovation:

• ThinkZone, represented by Binayak Acharya: PRAKASHAK: A government-embedded digital parental engagement programme in Odisha that delivers bite-sized, curriculum-aligned micro-learning activities to rural, low-income parents via WhatsApp, SMS, and automated calls to boost foundational literacy and numeracy.
• NammaKasa, represented by Jyothish V.M.: A frictionless, public civic-tech platform in Bengaluru that changes the default of civic reporting from private to public accountability, enabling citizens to report uncollected waste in under 30 seconds without downloading an app or creating an account.
• Project Mumbai, represented by Shishir Joshi: Plastic Recyclothon: A large-scale community recycling movement across Maharashtra that bridges the intent-to-action gap by establishing clear, scheduled plastic collection drives and turning recycled waste into public amenities such as park benches and bins.

Driving the Future of Policy

By spotlighting evidence-backed, citizen-centric innovations, the Cheistha Kochhar Nudge Awards aim to serve as a catalyst for mainstreaming behavioural science in governance, public policy, and social development across the nation, carrying forward Cheistha Kochhar’s legacy of thoughtful, evidence-based public service.

Cambrex Milan Celebrates 80th Anniversary with Construction of New $30 Million R&D Facility

EAST RUTHERFORD, N.J., Aug. 11, 2026 /PRNewswire/ — Cambrex, a leading global contract development and manufacturing organization (CDMO), today announced the start of construction on a new research and development (R&D) facility at its Milan, Italy site. This $30 million investment will add advanced analytical development and process R&D capabilities, alongside upgrades to multiple production plants, reinforcing Cambrex’s commitment to supporting the pharmaceutical industry’s most complex small molecule development.

The Milan R&D expansion is expected to be completed in the second half of 2027. To accommodate future growth and rising demand for CDMO services, Cambrex has also acquired additional land adjacent to the site, ensuring the capacity to expand and innovate for years to come.

The Cambrex Profarmico Milano site, which marks its 80th anniversary this year, has a distinguished legacy of supporting pharmaceutical development and manufacturing for its global client base. The Milan team recently gathered to celebrate this milestone, reflecting on eight decades of scientific achievement and dedication to advancing human health.

Claudio Russolo, Chief Operating Officer at Cambrex, commented: “Breaking ground on this new facility is a testament to the enduring legacy and expertise of our Milan team. For 80 years, this site has been a cornerstone of pharmaceutical manufacturing in Europe. With this expansion, we are investing not only in new technologies and capabilities, but in the future of our people and our partners.”

The investment builds on Cambrex’s legacy of scientific expertise and manufacturing excellence while positioning the company for its next chapter of growth. By expanding R&D capabilities in Milan, Cambrex is strengthening its ability to address the increasing complexity of today’s small molecule therapies.

About Cambrex

Cambrex is a leading global contract development and manufacturing organization (CDMO) that provides drug substance development and manufacturing across the entire drug lifecycle, as well as comprehensive analytical services.

With over 45 years of experience and a team of 2,000 experts servicing global clients from North America and Europe, Cambrex offers a range of specialized drug substance technologies and capabilities, including continuous flow, controlled substances, peptide synthesis, solid-state science, biocatalysis, material characterization, complex synthetics, and highly potent APIs.

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KuCoin Strengthens Operational Resilience with ISO 22301:2019 Certification

Internationally recognized business continuity certification reinforces KuCoin’s trust framework, advancing resilient infrastructure for trusted digital asset services.

PROVIDENCIALES, Turks and Caicos Islands, Aug. 11, 2026 /PRNewswire/ — As digital assets become increasingly integrated into the global financial system, operational resilience has become an essential foundation of trust. In a market that operates 24/7, users expect platforms not only to safeguard their assets, but also to remain available, reliable and responsive when facing unexpected disruptions.

Against this backdrop, KuCoin, a leading global cryptocurrency exchange, today announced that it has successfully achieved ISO 22301:2019 Business Continuity Management Systems (BCMS) certification, an internationally recognized standard for business continuity management. The certification marks another important milestone in KuCoin’s ongoing commitment to strengthening operational resilience, ensuring service continuity, and delivering trusted digital asset services to users worldwide.

ISO 22301 provides organizations with a structured framework to identify operational risks, establish effective business continuity plans, and strengthen their ability to recover critical services quickly during unexpected disruptions. Rather than focusing solely on preventing incidents, the standard emphasizes preparedness, resilience and continuous improvement, enabling organizations to maintain business-critical operations in the face of cyber incidents, infrastructure failures, third-party service disruptions and other unforeseen events.

For the digital asset industry, business continuity is particularly critical. Unlike traditional financial markets with defined trading hours, cryptocurrency markets never close, requiring platforms to support uninterrupted trading, payments and asset services across global time zones. At the same time, operational risks have become increasingly complex, extending beyond cybersecurity to include cloud service interruptions, node failures, third-party dependencies, payment infrastructure availability and cross-regional operational challenges.

Around the world, operational resilience is also becoming an increasingly important regulatory priority. Frameworks such as the European Union’s Markets in Crypto-Assets Regulation (MiCA) and Digital Operational Resilience Act (DORA), together with guidance from financial authorities including the Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA), continue to place greater emphasis on business continuity as a core capability for trusted financial services. Achieving ISO 22301 certification reflects KuCoin’s commitment to aligning with internationally recognized best practices while continuously strengthening the resilience of its global operations.

“Trust is built not only through security, but also through consistency and reliability,” said BC Wong, CEO of KuCoin. “As the digital asset industry continues to mature, operational resilience is becoming just as important as security. Achieving ISO 22301 certification marks another milestone in strengthening our ability to prepare for unexpected events, recover efficiently and continue delivering reliable digital asset services to users around the world. Guided by our philosophy of ‘Trust First. Trade Next.’, we will continue investing in the infrastructure that supports long-term trust.”

The certification further strengthens KuCoin’s comprehensive Trust Framework, reinforcing three critical pillars that underpin trusted digital asset services:

• ISO/IEC 27001:2022 — Information Security Management
• SOC 2 Type II — Operational Reliability
• ISO 22301:2019 — Business Continuity Management

Together, these internationally recognized standards reinforce KuCoin’s ability to protect information, strengthen service reliability and enhance operational resilience across its global platform. By continuously advancing its governance framework, KuCoin is building an always-on digital asset infrastructure designed to deliver reliable and resilient digital asset services for users worldwide.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

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