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GE Vernova Hosts Exclusive Sneak Peek of New Advanced Research Center Facilities in Niskayuna, NY
CAMBRIDGE, Massachusetts, Nov. 18 -- G.E. Vernova, an energy company, posted the following news release:* * *
GE Vernova hosts exclusive sneak peek of new Advanced Research Center facilities in Niskayuna, NY
* GE Vernova's Advanced Research Center in Niskayuna, NY, is critical to the company's efforts to advance energy innovation and help meet the country's growing energy needs
* GE Vernova has invested in expanding the GE Vernova Advanced Research Center, including facilities and headcount
* The Capital Region is well-positioned to become a hub for energy innovation, with GE Vernova's Advanced ... Show Full Article CAMBRIDGE, Massachusetts, Nov. 18 -- G.E. Vernova, an energy company, posted the following news release: * * * GE Vernova hosts exclusive sneak peek of new Advanced Research Center facilities in Niskayuna, NY * GE Vernova's Advanced Research Center in Niskayuna, NY, is critical to the company's efforts to advance energy innovation and help meet the country's growing energy needs * GE Vernova has invested in expanding the GE Vernova Advanced Research Center, including facilities and headcount * The Capital Region is well-positioned to become a hub for energy innovation, with GE Vernova's AdvancedResearch Center leading the way in developing cutting-edge technologies
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NISKAYUNA, NY (November 17, 2025) - GE Vernova (NYSE: GEV) hosted an exclusive sneak peek of its Advanced Research Center located on Balltown Rd. in Niskayuna, NY, on November 17th, 2025.
This special event offered an opportunity for attendees to experience facilities that will house advanced research and technology intended to support the future of energy. Set for a grand opening in 2026, attendees of the sneak peek were among the first outside GE Vernova to tour these exciting facilities and witness demos of some of the promising research technologies that will be housed there.
Accelerated with an investment of more than $105 million from GE Vernova and the State of New York, the GE Vernova Advanced Research Center is a key part of GE Vernova's innovation strategy, and the expansion of these facilities is an important milestone in the company's plan to create a dedicated energy technology research campus. This expanded footprint will enable the creation of new, high-tech laboratory spaces and create 75 new research positions in New York.
The construction and expansion of this center will further enable GE Vernova to bring leading talent and organizations to the Capital Region of New York State to collaborate on energy technologies with the potential for broad impact. The GE Vernova Advanced Research Center is focused on developing transformative technologies across the energy landscape, and showcased three distinct research and development technologies during this event which will be embedded at the site:
*Carbon capture technology: An experimental Direct Air Capture (DAC) system already installed in Niskayuna designed to capture up to 10 tons of carbon dioxide from the air every year.
* Wind turbine manufacturing technology for quality: Advanced robotics and artificial intelligence technologies improve the manufacturing process for wind turbine blades.
* AI for the Grid: Zonal autonomous grid control, an AI-powered technology that enables timely optimization and control of the power grid to support efficient, resilient, and renewable energy integration by autonomously managing energy distribution and improving grid forecasting.
The company's Advanced Research Center is a hub for innovation, where leaders from industry, government, and academia come together to develop and deploy new technologies designed to shape the future of energy. The Advanced Research Center also collaborates with, invests in, and develops new startups and spin-out companies through its diverse technology portfolio. With these expanded and enhanced laboratories and meeting spaces, GE Vernova is positioned to host leaders and innovators from around the world, placing it at the center of a global network of innovation and collaboration in the Capital Region.
"We are thrilled to be expanding our Advanced Research Center in Niskayuna, and we believe that this investment will have a significant impact on the local economy and the global energy landscape," said David Vernooy, Vice President of Advanced Research at GE Vernova. "By bringing together the best and brightest minds from around the world, we are creating a unique innovation ecosystem that will drive the development of new technologies and solutions that can change the world. With these world-class laboratory and workspaces, we're positioned to attract strong talent and drive energy technology innovation."
The newly expanded and renovated space spans approximately 50,000 square feet of lab and workspace, along with approximately 56,000 square feet of experiential patio space for outdoor work and social activity, providing a unique and collaborative environment for researchers and industry partners to engage on the future of energy technology. This dynamic environment makes it an ideal destination for professionals looking to work on important technologies and make an impact on the future of energy.
Advanced Research teams plan to fully occupy and utilize the space by April of 2026, with a planned Grand Opening ceremony in summer of 2026.
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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.
GE Vernova's Advanced Research business is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova's businesses across a broad range of technical disciplines to accelerate the energy transition.
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Forward-Looking Statements
This document contains forward-looking statements - that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova's expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "estimate," "forecast," "target," "preliminary," or "range." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company's business operations, financial results and financial position and on the global supply chain and world economy.
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Original text here: https://www.gevernova.com/news/press-releases/ge-vernova-hosts-exclusive-sneak-peek-new-advanced-research-center-facilities-niskayuna
[Category: BizEnergy]
Dell Technologies Powers TACC's New Supercomputer Horizon
ROUND ROCK, Texas, Nov. 18 -- Dell Technologies, a company that says it provides technology and services portfolio for the data era, issued the following news:* * *
Dell Technologies Powers TACC's New Supercomputer Horizon
Story Highlights
* Texas Advanced Computing Center (TACC) is working with Dell Technologies to launch Horizon, the nation's largest academic supercomputer
* This NSF-funded, Dell-powered high-performance compute (HPC) cluster will tackle major challenges, including advancing open science - making research and data accessible to all--and driving breakthroughs in health, ... Show Full Article ROUND ROCK, Texas, Nov. 18 -- Dell Technologies, a company that says it provides technology and services portfolio for the data era, issued the following news: * * * Dell Technologies Powers TACC's New Supercomputer Horizon Story Highlights * Texas Advanced Computing Center (TACC) is working with Dell Technologies to launch Horizon, the nation's largest academic supercomputer * This NSF-funded, Dell-powered high-performance compute (HPC) cluster will tackle major challenges, including advancing open science - making research and data accessible to all--and driving breakthroughs in health,climate and energy
* Dell PowerEdge servers with NVIDIA accelerated computing will serve as Horizon's HPC engine to help researchers drive scientific discovery
* Horizon delivers 300 petaflops--10x faster than TACC's Frontera, the current No. 1 academic supercomputer in the U.S.
Horizon, the nation's largest academic supercomputer, will use Dell solutions to accelerate progress for research, discovery and open science
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Dell Technologies (NYSE: DELL) is working with The University of Texas at Austin's TACC and NVIDIA to build Horizon, the largest academic supercomputer in the U.S. Horizon will serve as a platform for open science and scientific research, advancing progress and discovery for the next generation of researchers in areas like national security, healthcare and climate science.
Why it matters
Built on the Dell AI Factory with NVIDIA, Horizon will give researchers unprecedented HPC and AI capabilities to tackle complex problems - from climate change to medical advances to fundamental physics. The supercomputer will provide the performance and reliability researchers need to push the boundaries of discovery across disciplines.
Building a foundation for discovery with Dell Technologies and NVIDIA
At the core of Horizon are Dell Integrated Rack Scalable Systems (IRSS) featuring direct-liquid cooled Dell PowerEdge servers featuring the NVIDIA Grace Blackwell platform and NVIDAI Vera CPUs with 1 million CPU cores and 4,000 NVIDIA GPUs interconnected with high-performance NVIDIA Quantum-X800 InfiniBand networking. Dell IRSS is designed for the most intensive AI workloads, maximizing space and efficiency to meet TACC's high-density compute needs. This infrastructure will give thousands of researchers faster, more regular access to advanced computing, helping them find answers and deliver results sooner.
This high-performance system will feature 300 petaflops - a 10x improvement in simulation speed compared to TACC's Frontera system, currently the No.1 academic supercomputer in the U.S.
Once operational in 2026, Horizon will help scientists tackle problems that were previously out of reach and drive research that strengthens U.S. leadership in science, AI and innovation.
Perspectives
Arun Narayanan, senior vice president, Compute and Networking, Dell Technologies: "Our long-standing collaboration with TACC reflects Dell Technologies' commitment to advancing research and innovation. Dell and TACC have been fueling discovery for decades including supercomputers Stampede and Frontera. Horizon, TACC's next-gen HPC cluster powered by Dell AI Infrastructure, will give researchers the tools they need to tackle some of the world's most complex challenges."
Dan Stanzione, Executive Director of TACC and Associate Vice President for Research at UT: "Our collaboration with Dell and NVIDIA gives Horizon groundbreaking capabilities particularly in the use of AI for scientific innovation. Horizon represents the largest investment the National Science Foundation has made in computing infrastructure, so we expect even more ground-breaking achievements. It's a game-changer for science."
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Dell (NYSE: DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the AI era.
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Original text here: https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2025~11~dell-technologies-powers-taccs-new-supercomputer-horizon.htm#/filter-on/Country:en-us
[Category: BizComputer Technology]
BUZZ High Performance Computing Taps Dell Technologies to Advance Sovereign AI in Canada
ROUND ROCK, Texas, Nov. 18 -- Dell Technologies, a company that says it provides technology and services portfolio for the data era, issued the following news:* * *
BUZZ High Performance Computing Taps Dell Technologies to Advance Sovereign AI in Canada
Story Highlights
* BUZZ HPC selects Dell Technologies to deliver liquid-cooled AI infrastructure to power sovereign AI in Canada, providing secure, high-performance compute for Canadian innovators and local organizations
* The Dell-powered cluster will help BUZZ HPC operate in compliance with Canadian government and cybersecurity regulations, ... Show Full Article ROUND ROCK, Texas, Nov. 18 -- Dell Technologies, a company that says it provides technology and services portfolio for the data era, issued the following news: * * * BUZZ High Performance Computing Taps Dell Technologies to Advance Sovereign AI in Canada Story Highlights * BUZZ HPC selects Dell Technologies to deliver liquid-cooled AI infrastructure to power sovereign AI in Canada, providing secure, high-performance compute for Canadian innovators and local organizations * The Dell-powered cluster will help BUZZ HPC operate in compliance with Canadian government and cybersecurity regulations,positioning Canada at the forefront of AI innovation and supporting national
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TORONTO - November 17, 2025 -- BUZZ HPC, a subsidiary of HIVE Digital Technologies Ltd., has selected Dell Technologies as a strategic collaborator in advancing sovereign AI in Canada. The company will use liquid-cooled Dell PowerEdge XE9860L servers, delivered through Dell Integrated Rack Scalable Systems, to provide platform for innovators to build the next generation of AI within a framework that prioritizes data sovereignty and security.
Why it matters
Access to advanced, locally controlled compute resources is increasingly viewed as a critical facet for AI innovation and economic progress for national governments. AI innovation and economic progress are at the heart of the Canadian government's Canadian Sovereign AI Compute Strategy, which positions domestic compute capacity as a strategic national asset.
BUZZ HPC is one of Canada's largest sovereign AI cloud and data center providers. It recently announced work with Bell Canada, the country's largest telecommunications provider, to deliver Bell AI Fabric, one of Canada's largest sovereign AI ecosystems.
BUZZ HPC's collaboration with Dell will expand on that commitment, providing a powerful AI platform, operated in Canada to help ensure compliance with Canadian data residency and cybersecurity regulations, for AI development and application that will benefit the entire country.
Technical Innovation: Powering Canadian AI with advanced infrastructure
BUZZ HPC will receive liquid-cooled, fully-integrated Dell IR5000 racks featuring Dell PowerEdge XE9860L servers, supported by Dell's AI professional services to optimize BUZZ HPC's data center design.
Purpose-built for AI workloads and industry-leading GPU density, this system powered by Dell infrastructure will help enable BUZZ HPC to deliver a robust foundation for sovereign AI innovation in Canada/1. This platform will also help ensure that Canadian data stays within national borders, fueling homegrown breakthroughs in AI.
Liquid-cooled Dell IR5000 racks support BUZZ HPC's commitments to efficiency
BUZZ HPC's deployment of fully integrated Dell IR5000 racks aligns with the company's efforts to improve data center operations and reduce operating costs. The Dell PowerEdge XE980L servers within the Dell IR5000 racks leverage direct liquid cooling, which can improve energy efficiency
Perspectives
"Through agreement with Dell Technologies, we're deepening our commitment to sovereign AI innovation that empowers enterprises, researchers, and communities across Canada and beyond," said Craig Tavares, president and chief operating officer, BUZZ HPC. "Our collaboration with Dell delivers secure, scalable and reliable computing--accelerating practical AI deployment and fueling economic growth. This strategic infrastructure supports both the Canadian workforce and the broader digital economy, helping local organizations remain globally competitive in an increasingly AI-driven world."
"AI is unlocking new frontiers of progress, and trusted sovereign AI infrastructure is at the heart of this transformation," said Pam Pelletier, Canada country manager, Dell Technologies. "Working with BUZZ HPC, we're delivering a robust platform that's engineered for the real-world needs of Canadian organizations--enabling them to innovate with confidence, achieve new levels of efficiency and move the country forward in the digital era."
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Dell Technologies (NYSE: DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the AI era.
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1/ Based on July 2025 internal analysis. Assumes a rack with 9x PowerEdge XE9680L liquid cooled nodes & 8x B200 GPUs per server compared to a rack with 2x 10U air-cooled B200 nodes & 8x GPUs per server. Actual results may vary.
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Original text here: https://www.dell.com/en-us/dt/corporate/newsroom/announcements/detailpage.press-releases~usa~2025~11~buzz-hpc-taps-dell-technologies-to-advance-sovereign-ai-in-canada.htm#/filter-on/Country:en-us
[Category: BizComputer Technology]
Alphabet Issues Commentary: We're Expanding Access to Gemini in Google Vids
MOUNTAIN VIEW, California, Nov. 18 -- Alphabet Inc. a provider of internet services (Google), issued the following commentary on Nov. 17, 2025:* * *
We're expanding access to Gemini in Google Vids.
By Stephanie Ng, Engineering Product Manager, Workspace
Starting today, we're expanding access to a select number of powerful Gemini features in Google Vids -- previously only available to paying users -- to anyone who has a Gmail account.
With these features, you can use Gemini to turn your ideas into polished videos faster than ever and bring your story to life. Use AI-generated voiceovers, instantly ... Show Full Article MOUNTAIN VIEW, California, Nov. 18 -- Alphabet Inc. a provider of internet services (Google), issued the following commentary on Nov. 17, 2025: * * * We're expanding access to Gemini in Google Vids. By Stephanie Ng, Engineering Product Manager, Workspace Starting today, we're expanding access to a select number of powerful Gemini features in Google Vids -- previously only available to paying users -- to anyone who has a Gmail account. With these features, you can use Gemini to turn your ideas into polished videos faster than ever and bring your story to life. Use AI-generated voiceovers, instantlyclean up recordings with transcript trimming to remove silences and filler words, or give your visuals some pop with built-in AI image editing.
From vacation highlight reels to creative birthday cards to promotional shorts for your side hustle, Gemini in Vids helps you create videos for just about anything.
Check out our instructional series on YouTube to get started using Vids today.
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Original text here: https://blog.google/products/workspace/google-vids-expands-ai-access/
Alphabet Issues Commentary: AI in Education - From Accessing Information to Achieving Understanding
MOUNTAIN VIEW, California, Nov. 18 -- Alphabet Inc. a provider of internet services (Google), issued the following commentary on Nov. 17, 2025:* * *
AI in education: From accessing information to achieving understanding
Read Ben Gomes' remarks from our Google AI for Learning Forum in London.
Editor's note: Last week we brought together educators, students, academics, researchers, technologists and more at our Google AI for Learning Forum in London in partnership with Google DeepMind. Below are opening remarks from Ben Gomes, Google's Chief Technologist for Learning and Sustainability. These ... Show Full Article MOUNTAIN VIEW, California, Nov. 18 -- Alphabet Inc. a provider of internet services (Google), issued the following commentary on Nov. 17, 2025: * * * AI in education: From accessing information to achieving understanding Read Ben Gomes' remarks from our Google AI for Learning Forum in London. Editor's note: Last week we brought together educators, students, academics, researchers, technologists and more at our Google AI for Learning Forum in London in partnership with Google DeepMind. Below are opening remarks from Ben Gomes, Google's Chief Technologist for Learning and Sustainability. Thesehave been lightly edited for clarity.
By Ben Gomes, Chief Technologist, Learning & Sustainability
My name is Ben Gomes. I lead our learning and sustainability at work at Google. I've been at Google a long time - 26 years - and for much of that time I worked on Search, which was meant to be the ultimate answer agent. But today, I have more questions than answers. That's what makes today's conversation one of the most important of our time -- about how AI will affect learning. To get it right, we need to make sure we ask the right questions and take the time to get the right answers. I'll offer a brief view of how we view the landscape of learning across AI.
How learning and technology interact today
First of all, what do we mean by learning? I think learning is the key instinct that sets us apart as a species. As human beings, the fundamental thing we can do is learn from other people. And that allows people to transmit a capability from one person to another and expand the space of human capabilities.
For decades as a society, we've been working on translating that instinct to learn into formal educational systems, and there's been a lot of progress. Today, over 90% of primary school-age children are actually enrolled in primary school, which is really amazing from even a few decades ago. But the progress that we're seeing is uneven. And it's fragile.
We are still seeing learning loss from the pandemic. We saw, for the first time on record, global drops in scores from PISA. These are not small problems. They're deep human problems. We're also seeing problems on the side of the teachers. There's projected to be a global shortage of 44 million teachers by 2030. Teachers are happy with the work they're doing but a lot of them have burnt out. So we have many challenges to address. And at the same time AI has entered the scene and given machines the ability to manipulate language.
What's special about language is that it's a fundamental tool that's used in learning. With AI there's a possibility of expanding this, the scope of what we can do in learning. But I want to be clear: the fundamental reason we learn is not because of technology. It's because of human beings. That human connection is at the core of learning. That's why we don't want to replace that central connection of learning. We want to enhance it. That is our North Star.
So, what role does technology then play in the space of learning? Over the decades, the internet and technologies, like Search, actually improved access to information. They removed barriers. But with AI, you can actually change how people interact with information. AI has two great powers that are relevant in the space of learning. One of them is this deep kind of interaction that goes far beyond just getting information. The other is the ability to transform information from one format to another. And we can see the application of these two powers through the lens of the student and the lens of the teacher.
How AI can help students learn
From the perspective of the student, AI can provide the ability to have a deeply personalized learning experience. Imagine a student who's curious, but struggling with a concept or a complex idea. Because of the power of AI to transform content, the student can now get that content in a way in which they can relate to it, and this can make them feel capable of learning anything. They can stay in that zone of proximal development where they are challenged, but not overwhelmed. The models can even help with motivation. They're incredibly good at finding ways to connect one idea to another. They can translate what's on a textbook page -- a dry idea -- into something that's meaningful to the student, and actually motivate them to learn the concept.
With AI, I can take content and turn it into other immersive formats like podcasts and videos and mind maps. And in doing so, break down long-standing barriers in education for people with learning disabilities and provide access that they have never had before. So, for the first time, we have a tool that can help make anything learnable by anyone.
How AI can help educators focus on what matters most
For educators, AI can be a powerful teaching assistant. It can help overburdened educators who are burning out do a lot of the administrative work: to create lesson plans, to help with their instruction and to create activities for their students. This doesn't replace the work that they're doing -- the fundamental connection that they're building -- but it aims to free up their time and give them that time to spend with the student. The time to inspire. The time to motivate and create that joy. The time to foster curiosity. And the time to spark a lifelong love of learning.
While AI can help with the learning process, the inspiration still comes from the connection with a person. Almost everybody here has had some experience with a teacher that transformed them. For me, it was my mother, a chemistry teacher, who changed my life and instilled within me a real curiosity to learn and to understand.
So the thing that inspires people is not a book. It's that connection to the person that inspires that love of learning. And when you get teachers who do that together with technology that really works to bring the student along, I think you have magic. And I think we have the potential for many more people around the world to experience a kind of magic that all of us, probably, at some point did. This is the promise.
How we're tackling the challenges of AI and education
But to realize it, we also have to be clear-eyed about the challenges and the complexities. And they are significant. Technology and technologists have made big promises before. But we can learn from those previous cycles. We have learned that technology itself cannot solve these deep-rooted challenges. It has to be designed with clear pedagogical principles and in partnership with the teachers and students it's trying to serve. This is critical because AI itself is introducing new and urgent challenges.
The first challenge AI introduces is safety. It's a top priority for us to make sure that what we're exposing young learners to is safe for them. We do this through adversarial testing, but also in collaboration with people like you to monitor what's happening in real life so that we can address new challenges that emerge.
Secondly, accuracy. These models have gotten vastly better the last few years in accuracy, but there's still a ways to go, and we continue to work to make these models ever more accurate so that they can gently guide a student from a misconception to the correct understanding and not to another hallucination. The question I hear the most in this context is: what about critical thinking? Will students offload their thinking to the machine? And while I think that's possible, I think we also have the ability to actually help the student in this way.
We know that learning is about productive struggle. That does not mean maximal struggle. If you think about learning as it happens across the world, a lot of the struggle that happens is an unproductive struggle. It's because the content is at the wrong level. It's because it's in the modality that doesn't resonate for the student. It's about topics they don't relate to. AI can help eliminate that unproductive struggle so that the student and the teacher can focus on the most important part of the learning process, which is getting those critical thinking skills that really are at the heart of learning.
And finally, and most importantly, we want universal participation. We have to ensure that these tools are available to everybody around the world. We have to ensure that they don't widen the existing gaps in education. A major challenge might be the 5% problem: the risk that only the most privileged, the richest, the best, most motivated students will benefit from AI and others will get left even further behind. We cannot allow this creation of a new digital divide. This means making models universally accessible around the world and in lots of languages that students are using. But it also means that teachers around the world must get trained on the best practices for learning and using AI themselves.
How we're approaching AI for learning
So, what is our approach? Our approach is guided by two principles. First, our work is grounded in learning science, because we understand that more technology, bigger models, is not going to be the solution in itself. Our AI models like Gemini are being developed specifically grounded in pedagogical principles. Principles like managing cognitive load, encouraging active learning, and stimulating curiosity. And this program, which we call LearnLM, is infused throughout our models.
The second principle is that the promise of AI can only be achieved by active partnership. Partnership with people like you to enable us to develop these technologies in a way that is most useful and resonant for people around the world.
And finally, we have to make sure that these AI tools are actually achieving the outcomes that we want them to achieve. We are committed to a research and evidence-based approach to learn, to iterate, and to be transparent about what's working and what's not.
As we look ahead, we know that the technology will continue to evolve really rapidly. The biggest challenges will come not just in how we learn, but also in what we have to learn for a future that's being reshaped by AI. In the near term, we need to figure out how AI can be effectively adopted to enhance education. But in the longer term, we need to understand how AI can transform education to serve this changing world that's being shaped by AI. That's the goal of the conversation we'd like to have with all of you today.
Today is about dialogue. It's an invitation to share foresight. To challenge assumptions, including ours. And to begin to chart this unpredictable terrain together, as scientists, as educators, as technologists, as students. We want to learn from each other today. Together, we can shape and steer this technology to be aligned with the highest human goals. For learning and education, the greatest potential of AI is helping everyone reach theirs.
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Original text here: https://blog.google/outreach-initiatives/education/ben-gomes-speech-transcript/#learning-technology
Milliman to Build First ETFs to Meet the Rising Cost of Healthcare, Addressing A Top U.S. Financial Risk and Trillion Dollar Market
SEATTLE, Washington, Nov. 18 -- Milliman, an actuarial and consulting firm, presented the following news release on Nov. 17, 2025:* * *
Milliman to Build First ETFs to Meet the Rising Cost of Healthcare, Addressing A Top U.S. Financial Risk and Trillion Dollar Market
* Strategies designed to guard against healthcare cost inflation, a leading financial concern1 for Americans, businesses, and governments
* Milliman's data on healthcare cost trends and decades of industry expertise serving insurers and providers to inform first-of-their-kind ETFs
* Leading actuarial consultant to marry practice ... Show Full Article SEATTLE, Washington, Nov. 18 -- Milliman, an actuarial and consulting firm, presented the following news release on Nov. 17, 2025: * * * Milliman to Build First ETFs to Meet the Rising Cost of Healthcare, Addressing A Top U.S. Financial Risk and Trillion Dollar Market * Strategies designed to guard against healthcare cost inflation, a leading financial concern1 for Americans, businesses, and governments * Milliman's data on healthcare cost trends and decades of industry expertise serving insurers and providers to inform first-of-their-kind ETFs * Leading actuarial consultant to marry practiceinsights with managed risk investing to build ETFs that seek to safeguard and grow financial well-being in currently unaddressed areas
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Milliman, Inc., a premier global consulting and actuarial firm, today announced plans by Milliman Financial Risk Management (FRM), a global leader in financial risk management to the retirement savings industry advising on $229 billion, to list two active exchange-traded funds to meet the rising cost of U.S. healthcare. Filed with the SEC, the Milliman Healthcare Inflation Guard ETF (MHIG) and the Milliman Healthcare Inflation Plus ETF (MHIP) will be the first members of a distinct lineup of ETFs aimed at solving some of the most prominent but unaddressed financial risks that challenge both workers and retirees, as well as companies, institutions and governments.
Intending to list in Q1 2026, the ETFs are:
* The Milliman Healthcare Inflation Guard ETF (MHIG) will seek to meet the healthcare costs for an average individual utilizing an employer-provided health plan in the United States over time, while
* The Milliman Healthcare Inflation Plus ETF (MHIP) will aim to exceed U.S. healthcare cost inflation over time.
"With Milliman ETFs, we're drawing on nearly 80 years of actuarial expertise to address financial risks that are impacting society at every socioeconomic level. The rising cost of healthcare is such a complex, foundational issue--and it is one that our clients and most all Americans have been grappling with. Healthcare inflation is a great place for us to start carefully crafting ETF solutions, and they fit squarely with Milliman's mission to protect the health and financial well-being of people everywhere," said Bret Linton, Milliman's Chair.
"Following multiple years of healthcare cost inflation well above the rate of goods in the broader economy, health insurance premiums are set to rise the most in 15 years2 . Managing and planning for cost increases, also known as the healthcare trend, has been central to our work, but clients have lacked a formulaic way to invest this multi-hundred-billion-dollar pool of capital that aims for an investment return equal to healthcare inflation. The data-driven investment solutions we intend to offer will provide a new tool for all stakeholders in the industry--and individuals--to manage this risk and potentially realign incentives," said Hans Leida - Principal & Consulting Actuary.
Milliman is the world's preeminent healthcare consultancy. Employing nearly 600 credentialed health actuaries as well as clinicians, seasoned technologists, and other professionals, the firm specializes in helping the full spectrum of health sector stakeholders--payers, providers, life sciences companies, health benefits providers, and regulators--understand and mitigate risk. With more than 1,000 clients subscribing to its healthcare analytics, the firm's capabilities, insight and visibility into healthcare trends are unmatched.
Additionally, Milliman publishes the most precise and up-to-date measure for healthcare costs and inflation forecasting in America, the Milliman Health Trend Guidelines(TM) (HTG). The HTGs are a series of indices providing data on the cost, utilization, and unit costs of healthcare services. The information used to calculate the indices is provided by leading health insurance plans and data firms, covering approximately 60 million insured covered individuals in the U.S., representing about 40% of the total commercially enrolled private market. The HTGs provide insurers, healthcare providers, and employers monthly information on healthcare expenditures and utilization. Milliman's Healthcare Inflation ETFs will be patterned on the Health Trend Guidelines(TM).
What are Milliman Healthcare Inflation ETFs and how do they work? Milliman Healthcare Inflation ETFs will use an actively managed mix of Health sector and related equities, bonds (U.S. Treasuries, TIPS, and corporate bonds) and alternatives, including commodities and liquid alts strategies, in seeking to generate returns (before Fund fees and expenses) that generally correlate with the healthcare cost changes for an average individual utilizing an employer-provided health plan in the United States.
The multi-asset portfolios will use a quantitative model based on Milliman FRM's extensive research and analysis on the assets' interrelationships and interactions with the path of healthcare inflation. The model aims to dynamically manage volatility to minimize portfolio losses during drawdowns in the underlying assets, which could prevent the ETFs from corresponding with inflation over time.
"Today marks an exciting day for Milliman, our clients in the health ecosystem, and their end clients: the American people. With the Healthcare Inflation ETFs, we have developed a set of initial investment strategies guided by our unique data and analytics to address a risk that insurers, hospital systems, provider groups, and individuals all share: the rising cost of healthcare. We feel these first-of-their-kind ETFs could be a core holding for health insurers and providers in their capital base, as well as for individuals within their Health Savings Accounts (HSA) or retirement portfolios," said Adam Schenck, Principal & Managing Director, Fund Services, Milliman FRM.
Individuals or their financial advisors could allocate to Milliman Healthcare Inflation ETFs in their tax-advantaged Health Savings Account (HSA), 401(k) and/or individual retirement accounts (IRAs). Currently, there is an estimated $150 billion in HSAs3 , $13 trillion in defined contribution plans, and $18 trillion in IRAs4 .
Milliman's 2025 Retiree Health Cost Index5 estimates that the average 65-year-old couple retiring in 2025 will spend approximately $588,000 for medical costs in their retirement, assuming enrollment in Medicare; however, this excludes costs for long-term care, dental or over-thecounter medications. According to the 2025 Milliman Medical Index (MMI)6, the cost of healthcare for a hypothetical family of four in a typical employer-sponsored health plan is now $35,119, up from $12,214 in 2005 at the launch of the MMI. This near tripling in cost represents a 6.1% average annual increase from 2005-2025. Healthcare is the 4th largest consumer expenditure, behind only housing, transportation and food, according to Labor Department data, and total healthcare related spending constitutes 17.6% of U.S. GDP, according to Centers for Medicare and Medicaid Services 7 .
The initial prospectus for the Milliman Healthcare Inflation Guard ETF (MHIG) and the Milliman Healthcare Inflation Plus ETF (MHIP) can be found on SEC Edgar here: sec.gov/Archives/edgar/data/2096904/000199937125017934/mhig-n1a_111325.htm
"More broadly, the Milliman ETFs lineup will join our consultancy's wide-ranging expertise and proprietary data with FRM's quantitative investment capabilities to create strategies that address underrepresented risks faced by both individuals and institutional investors. Until now, savers, companies and governments have used more traditional investments and portfolio approaches that have not necessarily matched the specific risk profiles of the corresponding financial challenges. We look forward to listing the Milliman Healthcare Inflation ETFs and sharing more purpose-built solutions aimed at protecting investors' financial well-being soon," added Schenck.
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ABOUT MILLIMAN
Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges--from extreme weather and market volatility to financial insecurity and rising health costs--so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.
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ABOUT MILLIMAN FINANCIAL RISK MANAGEMENT LLC
Milliman Financial Risk Management LLC FRM is a global leader in financial risk management to the retirement industry, providing investment advisory, hedging, and consulting services on approximately $229.2 billion in global assets as of September 30th, 2025. With a specialty in options-based defined outcome funds, including buffer strategies, Milliman FRM is one of the largest and fastest-growing subadvisors of ETFs. For more information about Milliman FRM, visit https://frm.milliman.com/en/.
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Disclaimers:
The recipient should not construe any of the material contained herein as investment, hedging, trading, legal, regulatory, tax, accounting or other advice. The recipient should not act on any information in this document without consulting its investment, hedging, trading, legal, regulatory, tax, accounting and other advisors. Information herein has been obtained from sources we believe to be reliable but neither Milliman Financial Risk Management LLC ("Milliman FRM") nor its parents, subsidiaries or affiliates warrant its completeness or accuracy. No responsibility can be accepted for errors of facts obtained from third parties.
The information, products, or services described or referenced herein are intended to be for informational purposes only. This material is not intended to be a recommendation, offer, solicitation or advertisement to buy or sell any securities, securities related product or service, or investment strategy, nor is it intended to be to be relied upon as a forecast, research or investment advice.
The products or services described or referenced herein may not be suitable or appropriate for the recipient. Many of the products and services described or referenced herein involve significant risks, and the recipient should not make any decision or enter into any transaction unless the recipient has fully understood all such risks and has independently determined that such decisions or transactions are appropriate for the recipient. Investment involves risks. Any discussion of risks contained herein with respect to any product or service should not be considered to be a disclosure of all risks or a complete discussion of the risks involved.
Milliman FRM is an SEC registered investment advisor (SEC#:801-73056) since 2012. You can find Milliman FRM's ADV filings at https://adviserinfo.sec.gov/firm/summary/159377.
Milliman Health Trend Guidelines (TM) - a series of indices providing data on the cost, utilization, and unit cost of healthcare services - both in total and broken down separately for professional services, inpatient and outpatient services, as well as prescription pharmaceuticals. Data used to calculate the indices is provided by leading commercial health insurance plans and data firms that cover approximately 60 million insured individuals. Data is lagged on a trailing 3-month basis and then combined with up-to-date economic data that is correlated with the costs of healthcare noted above and used to forecast expected claims data for these services in the future. It is important to note that the indices created through the Milliman Health Trend Guidelines are not standard market indices. They do not measure the price or total return performance of securities, but rather serve as a guideline as to expected changes in the general cost of healthcare. These expected changes inform the investment process for the Milliman Health Trend Managed Accounts.
Investment Products Offered:
Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed
The fund has filed a registration statement with the Securities and Exchange Commission, but it is not yet effective. An investment in the fund cannot be made, nor money accepted, until the registration statement is effective. An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A preliminary prospectus which contains this and other information about the fund may be obtained by [calling (312) 726 0677 or visiting [sec.gov/Archives/edgar/data/2096904/000199937125017934/mhig-n1a_111325.htm]. The information in the preliminary prospectus is not complete and may be changed. The final prospectus should be read carefully before investing, and when available may be obtained from the same source. This communication is not an offer to sell fund shares and is not soliciting an offer to buy fund shares in any state where the offer or sale is not permitted.
Investing involves risk. Principal loss is possible. Factors such as extensive government regulation, restrictions on government reimbursement for medical expenses, rising costs of medical products, services and facilities, pricing pressure, an increased emphasis on outpatient services, a limited number of products, industry innovation, costs associated with obtaining and protecting patents, product liability and other claims, changes in technologies and other market developments can adversely affect companies in the healthcare sector and, therefore, the Fund's returns. The Fund may be adversely affected by imperfections, errors or limitations in the construction or implementation of the Quantitative Model and/or Milliman's ability to monitor and timely adjust the metrics or update the data or features underlying the Quantitative Model. Investing in the securities of small and medium capitalization companies generally involves greater risk than investing in larger, more established companies.
The use of derivatives, including swaps, options and futures, involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may expose the Fund to losses in excess of its initial investment. Derivatives may be difficult to value, difficult for the Fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. Utilizing derivatives may result in losses to the Fund, and investing in derivatives may reduce the Fund's returns and increase the Fund's price volatility.
The Fund may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the Fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
The Milliman Healthcare Inflation Guard ETF (MHIG) and the Milliman Healthcare Inflation Plus ETF (MHIP) will be distributed by Foreside Fund Services, LLC.
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Original text here: https://media.milliman.com/v1/media/edge/images/millimaninc5660-milliman6442-prod27d5-0001/media/Milliman/PDFs/Press-releases/2025/11-17-25_Milliman-ETFs-Filing-Announcement_Press-Release.pdf
[Category: BizConsulting]
Gartner Survey Finds 65% of CMOs Say Advances in AI Will Dramatically Change Their Role in the Next Two Years
STAMFORD, Connecticut, Nov. 18 (TNSrep) -- Gartner, an information technology research and advisory company, issued the following news release:* * *
Gartner Survey Finds 65% of CMOs Say Advances in AI Will Dramatically Change Their Role in the Next Two Years
Overview
* Sixty-five percent of CMOs believe advances in AI will dramatically transform their role within the next two years
* Eighty-two percent of business leaders say their company's identity will need to significantly change to keep pace with the impact of AI on markets
* Only 5% of marketing leaders who use GenAI solely as a tool ... Show Full Article STAMFORD, Connecticut, Nov. 18 (TNSrep) -- Gartner, an information technology research and advisory company, issued the following news release: * * * Gartner Survey Finds 65% of CMOs Say Advances in AI Will Dramatically Change Their Role in the Next Two Years Overview * Sixty-five percent of CMOs believe advances in AI will dramatically transform their role within the next two years * Eighty-two percent of business leaders say their company's identity will need to significantly change to keep pace with the impact of AI on markets * Only 5% of marketing leaders who use GenAI solely as a toolreport significant gains on business outcomes
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Sixty-five percent of CMOs believe advances in AI will dramatically transform their role within the next two years, according to a survey by Gartner, Inc., a business and technology insights company.
The survey was conducted online from August through October 2025 among 402 senior marketing leaders. In addition, a Gartner survey of 426 business leaders, conducted in September and October 2025, revealed 82% of leaders say their company's identity will need to significantly change to keep pace with the impact of AI on markets.
"The CMO role is undergoing a once-in-a-generation transformation. CMOs must prioritize becoming future-forward marketing leaders," said Sharon Cantor Ceurvorst, VP, Research, in the Gartner Marketing Practice. "AI, market disruption, and cross-functional demands are expanding the CMOs remit, but not their resources. To stay relevant, CMOs must stop prioritizing execution and instead lead through strategic insight."
"CMOs face heightened responsibility for end-to-end customer experience and commercial outcomes, often without additional resources," said Ewan McIntyre, VP Analyst and the Chief of Research for the Gartner Marketing Practice. "This demands a renewed focus on building hybrid human-AI teams and cultivating future-ready leadership capabilities. Leaders should emphasize human reasoning, adaptability, and the ability to architect meaningful customer experiences, ensuring their teams are equipped to meet expanded executive expectations and drive business growth in an AI-driven landscape.
"Success in this new era requires CMOs to set clear strategic direction, adapt to AI-driven customer journeys, and focus on creating authentic, differentiated value. The CMO role is evolving from influencer to designer of business impact."
Unlocking AI's Full Business Value Remains Elusive
While AI is revolutionizing personalization, content creation, and data-driven insights, many organizations struggle to realize its full potential. A Gartner survey of 413 marketing technology leaders, conducted in June through August 2025, revealed only 5% of marketing leaders who are not piloting AI agents report significant gains on business outcomes. Furthermore, for those further along the AI journey, agent capabilities aren't yet delivering the promised business performance.
"To address this, CMOs must move beyond basic AI adoption and instead reengineer strategies, processes, and talent models--building AI-powered organizations that seamlessly integrate human creativity with machine intelligence," said McIntyre. "Marketing teams should proactively reimagine their brand positioning and experiences to stay relevant as leaders anticipate significant evolution in company identity."
The Customer Attention Crisis Intensifies
GenAI is disrupting channels, while agentic buying promises to reshape purchase decision-making in ways that reduce human attention and engagement. Marketers must adopt a zero-based mentality for channel strategy, ensuring every touchpoint is intentional, relevant, and distinctive to stand out in an increasingly crowded marketplace.
"Marketers must understand and plan for dual customer journeys: those of GenAI tools and AI agents on the one hand, and those of humans evaluating their output on the other," said Cantor Ceurvorst. "Human touchpoints will continue to become more scarce, so it matters to get each one right--creating an emotional connection to your brand that influences not just one decision, but many choices over time."
Gartner clients can read more in the report, Leadership Vision for 2026: Chief Marketing Officer (https://www.gartner.com/document-reader/document/7148730), as well as find further information in the associated client webinar, The Gartner 2026 Leadership Vision for CMOs (https://www.gartner.com/en/webinar/774275/1754688-the-gartner-2026-leadership-vision-for-cmos).
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About Gartner AI Use Case Insights
Gartner AI Use Case Insights is an interactive tool that helps technology and business leaders efficiently discover, evaluate, and prioritize AI use cases to potentially pursue. Clients can search over 500 use cases (applications of AI in specific industries) and over 380 case studies (real world examples) based on industry, business function, and Gartner's assessment of potential business value. Clients can access the interactive tool at https://tools.gartner.com/use-case-insights.
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About Gartner for Marketing Leaders
Gartner for Marketers provides the objective, expert advice, and proven tools that CMOs and other marketing leaders need to seize the right opportunities with clarity and confidence, and to stay ahead of the trends that matter. With in-depth research and analysis, Gartner for Marketers helps you focus on the opportunities with the greatest potential to deliver results. More information on Gartner for Marketers is available online at www.gartner.com/marketing. Follow news and updates from the Gartner Marketing practice on X and LinkedIn using #GartnerMKTG. Members of the media can find additional information and insights in the Gartner Marketing Newsroom.
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Original text here: https://www.gartner.com/en/newsroom/press-releases/2024-11-17-gartner-survey-finds-65-percent-of-cmos-say-advances-in-ai-will-dramatically-change-their-role-in-the-next-two-years
[Category: BizConsulting]