
Milestone Revolutionizes Urban Infrastructure and Traffic Systems in Europe With NVIDIA and Project Hafnia, Starting With Genoa
Milestone is one of the early adopters of the newly announced NVIDIA Omniverse Blueprint for Smart City AI, a reference framework for optimizing city operations with digital twins and AI agents. Milestone is also expanding its data platform with NVIDIA Cosmos to generate synthetic video data from real world inputs. Leveraging both real and synthetic data, Milestone will build and train vision language models (VLMs) responsibly. European cloud provider Nebius will provide the required GPU compute to train the models.
AI opens up new horizons for smarter, more efficient cities with Project Hafnia's data platform - from intelligent traffic and transportation management to better safety and security for people and property.
VLMs learn to map the relationships between text data and visual data such as images or videos, allowing these AI-models to generate summaries and insights from visual inputs. Milestone Systems is working with NVIDIA to empower European cities like Genoa to build and fine-tune computer vision and AI applications on a foundation of fully compliant and ethically sourced data. The project is rooted in regulatory integrity, data diversity, and AI relevance, aligning with the EU's legal frameworks, including GDPR and the AI Act. This ensures both transparency and fairness in the development of AI technologies.
'I'm proud that with Project Hafnia we are introducing the world's first platform to meet the EU's regulatory standards, powered by NVIDIA technology. With Nebius as our European cloud provider, we can now enable compliant, high-quality video data for training vision AI models — fully anchored in Europe. This marks an important step forward in supporting the EU's commitment to transparency, fairness, and regulatory oversight in AI and technology — the foundation for responsible AI innovation,' says Thomas Jensen, CEO of Milestone.
Milestone's Project Hafnia provides the missing link for developing video-centric AI innovation with a fully compliant and ethically sourced data library for fine tuning classical video analytics models and VLMs.
The VLM's accuracy and performance optimizations are tuned for running on NVIDIA GPUs and in NVIDIA AI Blueprint for video search and summarization (VSS).
First service offering trained on transportation data from Genoa
Project Hafnia now offers a fully European Visual Language Model for transportation management. The VLM is powered by NVIDIA and trained on a large volume of responsibly sourced and compliant transportation data from Genoa, Italy.
"AI is achieving extraordinary results, unthinkable until recently, and the research in the area is in constant development. We enthusiastically joined forces with Project Hafnia to allow developers to access fundamental video data for training new Vision AI models. This data-driven approach is a key principle in the Three-Year Plan for Information Technology, aiming to promote digital transformation in Italy and particularly within the Italian Public Administration,' says Andrea Sinisi, Information Systems Officer, City of Genoa.
While the focus of these collaborations is initially on video data, the framework is designed to scale across multiple domains and modalities, enabling future expansion and adaptation improving the value of the data. Both the compliant dataset and the fine-tuned VLM will be made available to the cities using Project Hafnia through a controlled access license model, facilitating Europe's AI ambitions without compromising ethical standards.
Nebius to serve as European cloud solution
NVIDIA cloud provider, Nebius, will serve as the EU-based cloud solution for Project Hafnia's collaboration with Genoa. Choosing Nebius as a sovereign cloud provider ensures full compliance with European data protection regulations, supports digital sovereignty objectives and guarantees that sensitive public-sector data remains securely within EU jurisdiction.
'Project Hafnia is exactly the kind of real-world, AI-at-scale challenge Nebius was built for,' says Roman Chernin, Chief Business Officer of Nebius. 'Supporting AI development today requires infrastructure engineered for high-throughput, high-resilience workloads, with precise control over where data lives and how it's handled. From our EU-based data centers to our deep integration with NVIDIA's AI stack, we've built a platform that meets the highest standards for performance, privacy and transparency.'
ABOUT PROJECT HAFNIA
When training an AI model, high-quality data is essential. Just like a person learns by absorbing knowledge, AI models require vast amounts of structured data to develop reliable insights. But where does this data come from?
Enter Project Hafnia.
Project Hafnia acts as the trusted librarian of AI video data, carefully curating, tagging, and delivering ethically sourced, regulation-ready video data for AI model training. By leveraging Project Hafnia, AI learns from high-quality, verified video data, ensuring not only precision and compliance but also the protection of citizen privacy.
The vast network of end-customers, distributors and tech-partners enables Milestone to organize the world's Video Data Eco-system with Project Hafnia and drive AI development even further.
With Project Hafnia, companies can confidently build and deploy AI models without compromising on compliance or quality.
About Milestone Systems
Milestone Systems is a world leader in data-driven video technology used in industries as diverse as manufacturing, airports, law enforcement, retail, and traffic management. We provide a clear picture of how to create a safer, better and more prosperous world. Our XProtect video management software, BriefCam AI-powered analytics, and Arcules cloud VSaaS help our customers learn from the past, understand the present, and predict the future. Founded in 1998 and headquartered in Copenhagen, Milestone employs more than 1,500 people worldwide and has been an independent company in the Canon Group since2014. For more information visit: www.milestonesys.com. For news and other press releases, visit our Newsroom.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Forbes
43 minutes ago
- Forbes
Live From ETHCC Robinhood Launches Tokenized OpenAI Access
Robinhood is making significant headlines live from ETHcc in France (Photo by Spencer Platt/Getty ... More Images) At the Ethereum Community Conference (ETHCC) in Cannes this week, I've been keynoting, speaking on panels, networking, and diving deep into topics like decentralized AI and next-gen blockchains. One announcement that truly stood out was Robinhood's bold leap forward. They're evolving from a retail brokerage into a next-gen financial super app—with blockchain at the core. Tokenized OpenAI shares? That's the kind of real-world utility that actually moves the needle. From tokenizing over 200 U.S. stocks and ETFs to building its own Layer 2 blockchain, Robinhood is positioning itself at the convergence of traditional finance and decentralized finance. The implications could be transformative, not only for the company but for the future of digital assets globally. Robinhood: From Trading App to Tokenization Platform Vlad Tenev, Robinhood's CEO, unveiled the launch of tokenized stocks for private companies like SpaceX and OpenAI—offered exclusively to eligible customers in the European Union. These digital assets are initially issued on Arbitrum, a layer-2 Ethereum scaling solution known for speed and low fees. Over time, Robinhood plans to migrate its offerings to a proprietary blockchain, currently in development. Vlad Tenev, the CEO of Robinhood, announcing the launch of tokenized stocks for private companies ... More like SpaceX and OpenAI, available to European Union customers. This announcement wasn't just a headline moment—it marked the beginning of a broader integration between traditional finance and decentralized finance (DeFi). Robinhood's move into tokenization is designed to provide 24/5 access to over 200 U.S. stocks and ETFs with no commissions, no added spreads, dividend support, and crypto wallet compatibility. In addition, Robinhood shared that tokenized shares of select privately held companies—most notably OpenAI and SpaceX—will be made available to eligible EU customers later this summer, expanding access to high-profile, previously inaccessible private equity. The timing is no accident. Robinhood recently secured new licenses in Europe, and unveiling this initiative at ETHCC underscores its ambitions to expand globally and deepen its footprint in the blockchain space. The regulatory contrast between regions is sharp. While U.S. customers are now gaining access to crypto staking (starting with Ethereum and Solana), European users are unlocking access to tokenized public and private equities. It's a bold move that positions the EU as the first major market to experience tokenized real-world assets at scale, through a consumer-facing platform. For OpenAI specifically, this is a major milestone. It's the first time equity exposure to the company is being offered in tokenized form to retail users—making an elite investment opportunity available to a broader population that would typically be shut out of private tech deals. The news triggered a powerful market response: Robinhood's shares surged to a fresh all‑time high, climbing 11–13% on the day, reflecting investor confidence in this strategic pivot and the market's enthusiasm for bringing high-value assets onchain. Robinhood and Republic: A Tale of Two Tokenization Models This move mirrors a similar announcement from Republic earlier in the week, yet the mechanics differ substantially. Republic issues equity‑backed Digital Asset Receipts (DARTs), representing true on‑chain ownership of shares held in trusts or SPVs. This approach is pure 'on-chain equity'—combining legal rights with digital portability. The difference in tokenization of stocks between Robinhood and Republic By contrast, Robinhood's offering appears to be more like synthetic exposure or broker‑held tokens. They grant economic participation—such as dividend gains and tradability—without conferring legal shareholder status. In short, Republic's approach is 'on‑chain equity,' while Robinhood's may be closer to 'on‑chain access.' Different infrastructural models, same goal: unlocking elite investment opportunities via blockchain. Robinhood Is Building Out a Broader Crypto Ecosystem Tokenized equities are just the beginning. Robinhood has layered in multiple crypto and blockchain features across its platforms. Following its completion of the Bitstamp acquisition, EU users will soon gain access to perpetual futures with up to 3x leverage—a tool typically favored by advanced traders. These derivatives are slated to launch later this summer. In the US, Robinhood has introduced crypto staking for Ethereum and Solana, aligning with regulatory guidance clarifying staking doesn't qualify as a security. Eligible users in approved states can now earn yield directly within Robinhood's platform. Additional user incentives include a 1–2% bonus on transferred crypto deposits, upcoming cashback-to-crypto conversion via the Robinhood Gold credit card, and advanced tax‑lot selection tools—giving retail traders greater control over capital gains and reporting. Why This Is a Turning Point For Robinhood And The Industry Robinhood is achieving what few other platforms can: operationalizing tokenized equity for the masses within a regulated, mobile‑first environment. Major financial players like BlackRock and Goldman Sachs explore similar blockchain models behind the scenes, but Robinhood is delivering real‑world asset tokenization directly to mainstream retail users. Industry estimates suggest tokenized assets could reach $13.55 trillion by 2030. With licenses secured and a product roadmap underway, Robinhood is racing against competitors like Coinbase, Kraken, and Republic to define how riders experience tokenized finance. Bankless co‑founder David Hoffman commented that Robinhood—armed with regulatory approval and pre‑IPO access—is well‑positioned to leapfrog crypto‑native platforms in this race. Robinhood Is Navigating the Financial Super App Future Robinhood's long-term vision extends well beyond tokenized stocks. The company is stacking in features like an AI‑driven investing assistant (Cortex), smart order routing across liquidity pools, advanced mobile charting, and eventually a full-fledged Ethereum-compatible Layer‑2 optimized for real‑world asset tokenization. This next-gen blockchain infrastructure is designed for 24/7 trading, cross-chain asset bridging, and self‑custody—redefining retail access in the age of TradFi meets DeFi. Robinhood's ETHCC 2025 announcements mark a pivotal moment in digital finance, not just product innovation. By bringing tokenized private equity like OpenAI into its mobile app, layering in staking and perpetual futures, and building blockchain infrastructure, Robinhood is staking a claim as a frontrunner in the financial super app space. As tokenized investing becomes a tangible reality for millions, the lines between centralized brokerages and decentralized protocols are blurring—setting a high bar for the next generation of financial platforms. Did you enjoy this story about Robinhood and Tokenization? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.


New York Post
an hour ago
- New York Post
Trump's racking up wins — and rewriting the book on diplomacy
The least diplomatic president in US history is scoring diplomatic victories. Over the last couple of days, Donald Trump has gotten NATO to agree to a defense spending target of 5%, and backed Canada off imposing a digital-services tax on American tech firms. He's done this while being loathed by many of his foreign interlocutors. In fact, Trump has executed a near-complete inversion of the typical diplomatic formula. He's not nice. He's not conflict-averse. He's not euphemistic. And yet he's gotten results. The NATO commitment, in particular, is potentially historic, and could materially strengthen the position of the Western alliance for the long term. Trump is violating the usual rules of persuasion. Abraham Lincoln famously said: 'It is an old and true maxim that 'a drop of honey catches more flies than a gallon of gall.' ' Trump doesn't hesitate to pour on the gall, often in ALL CAPS on Truth Social. The leading 19th-century French diplomat Talleyrand said, 'A diplomat who says 'yes' means 'maybe,' a diplomat who says 'maybe' means 'no,' and a diplomat who says 'no' is no diplomat.' Trump says 'go to hell' as the start of the negotiation. He persuades by pressuring. He coaxes by threatening. He de-escalates by escalating. He wins friends and influences people by convincing them he thinks they're freeloaders and losers. A lot of this is a function of his personality and his experience as a Gotham real-estate developer with a nose for power dynamics, a knack for showmanship and a willingness to court risk. It's hard to see how his style of international politics will be replicable by a more traditional political figure. But undergirding his approach is a key strategic insight into the gap between US military and economic might and that of its allies, and how this meant there was a vast unexploited potential for the United States to throw its weight around. When the US president is talking about pulling the plug on NATO, or cutting off trade talks with Canada — as Trump did in response to the proposed digital services tax — it's going to get everyone's attention. The bull standing outside the door of the china shop is a powerful incentive to get along with the bull. The United States has jawboned European countries about their defense spending over the years, but always in a 'we are all friends here' fashion. Defense Secretary Robert Gates issued warnings, cast in terms of how the United States might one day lose its patience. The Biden team didn't have it in them to force the issue. One expert told The New Yorker of her effort to convince Biden officials to get tougher on Germany over its low level of spending. They demurred. 'We don't want to overpressure them,' the expert recalled them saying. 'They should do it on their own time.' Get opinions and commentary from our columnists Subscribe to our daily Post Opinion newsletter! Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters What Trump has shown is that 'over-pressuring' can sometimes be the right amount of pressuring. Amazingly, prior to the NATO summit on spending, the secretary-general of NATO sounded like a Republican senator trying to keep on Trump's good side in a text message to the president: 'Europe is going to pay in a BIG way, as they should, and it will be your win.' There's, no doubt, a limit to Trump's way of doing business. It's true that Machiavelli said it's better to be feared than loved, but he also warned against being hated. Operating this way will build up resentment of the United States over time. And Trump so far has gotten his most notable results using his leverage against dependent friends and allies, not China or Russia. Still, there's no denying his unconventional effectiveness. The late political scientist Joseph Nye contrasted so-called soft power with hard power. 'This soft power — getting others to want the outcomes that you want — co-opts people rather than coerces them,' he wrote. Trump wields soft power with an edge, co-opting through an element of coercion. Twitter: @RichLowry

Los Angeles Times
an hour ago
- Los Angeles Times
Wall Street split as Tesla and tech drop and other stocks climb
A mixed day of trading left the U.S. stock market split on Tuesday as Wall Street's momentum slowed after setting record highs in each of the last two days. The S&P 500 dipped 0.1% for its first loss in four days. The Dow Jones Industrial Average rose 400 points, or 0.9%, and the Nasdaq composite fell 0.8%. Tesla tugged on the market as the relationship between its CEO, Elon Musk, and President Donald Trump soured even further. Once allies, the two have clashed recently, and Trump suggested there's potentially 'BIG MONEY TO BE SAVED' by scrutinizing subsidies, contracts or other government spending going to Musk's companies. Tesla fell 5.3% and was one of the heaviest weights on the S&P 500. It has lost just over a quarter of its value so far this year, 25.5%, in large part because of Musk's and Trump's feud. Drops for several darlings of the artificial-intelligence frenzy also weighed on the market. Nvidia's decline of 3% was the heaviest weight on the S&P 500. But more stocks within the index rose than fell, led by several casino companies. They rallied following a report showing better-than-expected growth in overall gaming revenue in Macao, China's casino hub. Las Vegas Sands gained 8.9%, Wynn Resorts climbed 8.8% and MGM Resorts International rose 7.3%. Automakers outside of Tesla were also strong, with General Motors up 5.7% and Ford Motor up 4.6%. All told, the S&P 500 slipped 6.94 points to 6,198.01. The Dow Jones Industrial Average rose 400.17 to 44,494.94, and the Nasdaq composite fell 166.84 to 20,202.89. The overall U.S. stock market has made a stunning recovery from its springtime sell-off of roughly 20%. But challenges still lie ahead for Wall Street, with one of the largest being the continued threat of Trump's tariffs. Many of Trump's stiff proposed taxes on imports are currently on pause, and they're scheduled to kick into effect in about a week. Depending on how big they are, they could hurt the economy and worsen inflation. Washington is also making progress on proposed cuts to tax rates and other measures that could send the U.S. government's debt spiraling higher, which could raise inflation. That in turn could mean higher interest rates, which would hurt prices for bonds, stocks and other investments. Despite such challenges, strategists at Barclays say they see signals of euphoria among some investors. The strategists say a measure that tries to show how much 'excess optimism' is in the market is not far from the peaks seen during the 'meme stock' craze that sent GameStop to market-bending heights or to the dot-com bubble at the turn of the millennium. Other signals include demand for what are known as 'blank-check companies,' which are essentially piles of cash that hunt for privately held companies to buy. When too much optimism is in the market, it can inflate stock prices to too-high levels in what's called a 'bubble.' Of course, 'market bubbles are infamously difficult to predict and can endure far longer than anticipated before correcting,' according to the Barclays strategists led by Stefano Pascale and Anshul Gupta. In the bond market, Treasury yields swiveled following some mixed reports on the U.S. economy. One said U.S. employers were advertising more job openings at the end of May than the month before and than economists expected. That could be an encouraging signal for a job market that had been appearing to settle into a low-hire, low-fire state. Separate reports on U.S. manufacturing were more mixed. One from the Institute for Supply Management said U.S. manufacturing activity shrank again in June, though not by as much as the month before. 'Customers do not want to make commitments in the wake of massive tariff uncertainty,' one survey respondent in the fabricated metal products industry said. A separate report from S&P Global suggested manufacturing production returned to growth in June after three months of declines. The yield on the 10-year Treasury held at 4.24%, where it was late Monday, after bouncing from a modest loss to a modest gain earlier in the day. The two-year Treasury yield, which more closely tracks expectations for what the Federal Reserve will do with its main interest rate, rose more sharply to 3.77% from 3.72%. Better-than-expected data on the economy could push the Fed to stay on pause with interest rates, after it halted its cuts to rates at the start of this year. Fed Chair Jerome Powell said again on Tuesday that he wants to wait for more evidence about how Trump's tariffs will affect the economy and inflation before resuming cuts to interest rates. That's despite Trump's angry insistences lately that Powell and the Fed act more quickly to give the economy a boost through lower rates. Choe writes for the Associated Press.