Core Viewpoint - Cisco has signed a Memorandum of Understanding (MoU) to join the Stargate UAE consortium as a preferred technology partner, aiming to develop AI infrastructure in Abu Dhabi, including a data center with a target capacity of 1 GW, starting with an initial 200 MW by 2026 [2][6]. Group 1: Partnership and Collaboration - Cisco will collaborate with major technology firms including G42, OpenAI, Oracle, NVIDIA, and SoftBank Group to enhance AI innovation and infrastructure development [2][4]. - The partnership aims to provide advanced networking, security, and observability solutions to support the deployment of next-generation AI compute clusters [4][6]. Group 2: Strategic Importance - The initiative is part of a broader strategy to foster AI development in the Middle East, leveraging Cisco's expertise in networking and security [5][6]. - Cisco's involvement aligns with recent regional initiatives announced by the company, emphasizing the importance of secure, AI-powered digital infrastructure [5][6]. Group 3: Leadership and Vision - Cisco's Chair and CEO, Chuck Robbins, highlighted the transformative potential of AI in turning data into actionable insights, reinforcing the company's commitment to innovation and infrastructure development [5][6]. - The signing ceremony was attended by key figures, including UAE President His Highness Sheikh Mohammed bin Zayed, indicating the project's significance at a national level [3][6].

Core Insights - Primech AI Pte. Ltd. has successfully deployed its autonomous bathroom cleaning robot, HYTRON, at a major shopping destination in Singapore, marking a significant step in the company's mission to innovate facility services through robotics and AI technology [1][5] - The HYTRON robot utilizes NVIDIA's Jetson Orin Super module, which enhances its real-time AI processing, energy efficiency, and decision-making capabilities, making it suitable for high-traffic public environments [2][3] - The deployment of HYTRON is aimed at improving cleanliness and hygiene standards in commercial spaces, showcasing the company's commitment to addressing challenges in facilities management with advanced technology [3][5] Company Overview - Primech AI is a leading robotics company focused on innovation in technology, aiming to revolutionize the robotics industry with impactful solutions [6] - Primech Holdings Limited, the parent company, provides technology-driven facility services across Singapore, including specialized cleaning solutions and general maintenance, emphasizing sustainability and operational efficiency [7]

Investment Rating - The report indicates a modest sales beat expectation of approximately $500 million for NVIDIA's April quarter, with flat expectations for the July quarter at around $44 billion, compared to the Street's $46 billion [1] Core Insights - The CEO of NVIDIA, Jensen Huang, asserts that AI will become essential for every company, highlighting ChatGPT as a rapidly growing product that has transformed information retrieval [2] - Huang notes that AI diffusion was initially misunderstood, and recent changes in U.S. government attitudes towards AI restrictions have influenced NVIDIA's operations, particularly in the Middle East [3] - AI investments are projected to positively impact countries' GDP in the long term, especially in nations with excess energy that can export AI factories [4] - China is recognized as a significant but singular market for AI, with expectations that its AI market will reach $50 billion in a few years [5] - NVIDIA has been developing Physical AI for a decade, viewing it as a high-volume shipping opportunity, with the self-driving business currently valued at $5 billion [6] - NVLink Fusion technology is in demand from NVIDIA's customers, with the company advancing to NVLink Gen 5, which offers substantial improvements in bandwidth and latency [7][8] - NVIDIA emphasizes that its success will not compromise its partners and is actively diversifying its supply chain [9] - The company anticipates maintaining over 80% market share in the ASIC sector due to its rapid advancements [9]

Market Overview - The main board led the gains with notable increases in stocks such as Shengshi Technology (+10.01%), Dahua Intelligent (+9.94%), and Wuhan Fanggu (+7.39%) [1] - The ChiNext board saw significant growth, particularly in Guangzhi Technology (+19.99%) and Huina Technology (+15.05%) [1] - The Sci-Tech Innovation board was also active, with Weide Information (+13.00%) and Fuchuang Precision (+8.08%) leading the way [1] Semiconductor Industry Developments - Yangzhou Kangying Semiconductor has officially opened with a total investment of 500 million, focusing on SSD and PSSD products [1] - Yangzhou Jinxin Micro's 6-inch chip factory is set to achieve mass production in May, with an expected annual output of 360,000 chips and additional sales revenue of 300 million [1] - Foxconn and HCL Group's joint chip factory project in India has received cabinet approval, with a total investment of approximately 435 million, focusing on display driver chips [1] - NVIDIA's CEO Jensen Huang indicated a strategic reassessment of the Chinese market due to U.S. government restrictions on the Hopper architecture H20 chip exports [1] Company Announcements - Lifan Holdings announced the completion of a share reduction by a major shareholder, reducing holdings by 922,432 shares, now holding 9,665,804 shares (10.48%) [2] - Guangge Technology reported a significant reduction in shares by a major shareholder, decreasing from 7.26% to 5.00% after selling 1,490,323 shares [2] - Sitwei announced a reduction in shares by Brizan Holdings, lowering its stake from 5.82% to 5.00% [2] - Hu塑科技 declared a cash dividend of 2.0 yuan per 10 shares, totaling 12 million, based on a total share capital of 60 million [2] Flash Memory Market Insights - International Flash spot prices have generally increased, with MLC chips seeing a rise of 1.89%, reaching an average price of 5.063 USD for MLC 64Gb 8GBx8 [3] - Applied Materials reported Q2 FY25 revenue of 7.1 billion, a 7% year-over-year increase, slightly below market expectations [3] - The telecom sector is increasingly focusing on data center interconnect technology, with an expected market value growth of 14.3% in 2025, surpassing 40 billion [3]

Financial Performance - Revenues grew to $17.4 million in Q1 2025, up approximately 190% sequentially and 150% year-over-year[6, 8, 23] - Gross margin reached a record 40% due to positive NRE contribution[6, 8] - Cash used in operations decreased to $20.7 million in Q1 2025, compared to $23.0 million in Q1 2024[8, 23, 24] - The company's cash position grew to $85.4 million[8, 23] NRE Payment Plan - The NRE payment plan expanded from approximately $80 million to approximately $95 million, with the majority of payments expected in 2025-2026[5, 8] - The company is targeting $20-50 million in new NRE bookings[20] Manufacturing and Partnerships - A partnership with Fabrinet was announced to launch mass production of the InnovizTwo platform[5] - Fabrinet will act as the manufacturing partner for the InnovizTwo product platform[10] Program Updates and Engagements - The company is accelerating the delivery of LiDARs to VW to support the expansion of autonomous shuttle operations with hundreds of ID Buzz AD vehicles ahead of fleet deployments[5, 14] - There is growing momentum in the relationship with NVIDIA and the Hyperion platform, with progress being made with a major OEM evaluating Hyperion[5, 16] Targets - The company is aiming for revenue between $50-60 million, more than double 2024 levels[20]

TEL AVIV, Israel, May 12, 2025 (GLOBE NEWSWIRE) -- Classiq today announced raising $110 million in Series C funding, the largest ever for a quantum software company. The round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane (Nasdaq: HLNE), Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and QBeat, as well as other new and existing investors. This investment brings Classiq's total funding to $173 million, positioning the company to ...

Group 1 - The core index, the China Securities Hong Kong and US Listed Global Smart Car Theme Index, reported a value of 5461.69 points, with a recent one-month increase of 8.39%, a three-month decrease of 10.04%, and a year-to-date decline of 9.83% [1] - The index comprises 50 listed companies involved in smart automotive sectors such as perception positioning, decision planning, control execution, smart cockpit, and vehicle networking, reflecting the overall performance of these companies in the Hong Kong and US markets [1] - The index is based on a starting point of 1000.0 points as of December 30, 2016 [1] Group 2 - The top ten holdings of the index include Li Auto-W (9.52%), NVIDIA Corp (9.44%), Xpeng Motors-W (8.84%), Tesla Motors Inc (8.59%), Marvell Technology Group Ltd (6.26%), Rivian Automotive Inc. (5.6%), Lucid Group Inc (3.64%), Aurora Innovation Inc. (3.61%), Baidu Group-SW (3.27%), and Analog Devices Inc (3.19%) [2] - The index's holdings are primarily listed on the Nasdaq Global Select Market (60.44%), followed by the Hong Kong Stock Exchange (29.66%), Nasdaq Capital Market (5.02%), and New York Stock Exchange (4.88%) [2] - In terms of industry distribution, passenger vehicles account for 23.02%, digital media for 3.27%, optical optoelectronics for 3.05%, and automotive parts and tires for 0.32% [2] Group 3 - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [3] - Weight factors are adjusted in accordance with the sample changes, and generally remain fixed until the next scheduled adjustment [3] - Special circumstances may lead to temporary adjustments, including the removal of samples that are delisted or undergo mergers, acquisitions, or splits [3]

Market Performance - The main board saw significant gains with Wuhan Fanggu rising by 10.04%, Aopu Optoelectronics by 10.01%, and Tianjian Technology by 10.00% [1] - The ChiNext board led with Kela Software increasing by 13.98%, Hanbang High-tech by 6.55%, and Shuo Beid by 5.97% [1] - The Sci-Tech Innovation board was also up, with Aerospace Nanhu gaining 11.11%, Holaiwo by 8.77%, and Guobo Electronics by 5.66% [1] Domestic News - Yangjie Technology has initiated a 1 billion yuan project for SiC automotive-grade power semiconductor module packaging, focusing on IGBT modules and SiC MOSFETs, aiming for import substitution and international competitiveness [1] - Rockchip announced the launch of the new AI vision chip RV1126B, which has passed mass production testing and will begin bulk supply this month, featuring a 4-core Arm Cortex-A53 CPU and a self-developed 3TOPS NPU [1] - TCL Huaxing is supplying Lenovo's Moto Razr 60 series with the latest generation of display materials, achieving a 13% reduction in power consumption compared to the previous generation [1] - Nanchip Technology has launched a vehicle-grade high-speed CAN/CAN FD transceiver SC25042Q, entering the CAN transceiver market with strong anti-electromagnetic interference capabilities [1] Company Announcements - Changguang Huaxin announced it has received government subsidies totaling 10.3997 million yuan, with 8.1775 million yuan related to revenue [2] - Hongsoft Technology is planning a share transfer of 8,023,408 shares, representing 2.00% of its total equity, by HomeRun Capital Management Limited [2] - Dahua Technology has signed a maximum guarantee contract with ICBC for 10 million yuan to provide joint liability guarantees for its subsidiary Zhejiang Huayi Technology [2] - Weston reported a reduction in shareholding by a major shareholder, with a decrease from 7.00% to 5.79% after selling 1,066,500 shares [2] Overseas News - Intel is in discussions with NVIDIA, Microsoft, and Google regarding its 18A process, which may serve as a strong alternative to TSMC's N2 process [3] - OpenAI has agreed to acquire the AI coding tool Windsurf for approximately 3 billion USD, which allows developers to navigate and modify code using AI [3] - Apple's silicon design team is developing new chips for future devices, including its first smart glasses and more powerful Macs [3] - Infineon has released a new generation of 750V silicon carbide MOSFETs for automotive and industrial applications, with a conduction resistance range of 7mΩ to 140mΩ [3]

Summary of Rigetti Computing Conference Call Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating superconducting quantum computers since 2017 through a cloud services platform and selling on-premise quantum computers since 2021 [2][8] - The company developed the first multichip processor in the industry and manufactures superconducting quantum processing units (QPUs) in-house at a dedicated facility [2] Core Industry Insights - Quantum computing is an emerging technology that fundamentally differs from classical computing by using qubits instead of bits, allowing for exponential computing capabilities and lower energy consumption [5][6] - Rigetti focuses on gate-based quantum computing, which is expected to dominate the industry, while acknowledging niche applications for other modalities like annealing [12][14] Technological Advantages - The advantages of superconducting technology include scalability and gate speed, with Rigetti's gate speeds comparable to current CPU and GPU technologies [16][17] - Recent advancements have improved two-qubit gate fidelity to 99.5%, with a target of reaching 99.8% to enable commercial applications [24][25] Roadmap and Future Goals - Rigetti aims to demonstrate a quantum computer with over 100 qubits and maintain high fidelity in 2024, with plans to increase qubit count and fidelity in subsequent years [27] - The company is pursuing a modular chiplet architecture to facilitate scaling, which has shown promising results in initial deployments [28][34] Quantum Networking and Error Correction - Rigetti believes in a hybrid computing model where quantum computers coexist with classical systems, rather than requiring a separate quantum network [41][42] - The company is collaborating with Riverlane to develop real-time error correction codes, which are critical for future quantum computing applications [46][51] Strategic Partnerships - Rigetti has formed a strategic partnership with Quanta Computer, which includes a $35 million investment and a commitment of $250 million over five years for non-quantum hardware development [82][86] - This partnership is aimed at enhancing Rigetti's manufacturing capabilities and reducing R&D costs as the business scales [85] Government Funding and Legislative Updates - The National Quantum Computing Act is pending reauthorization, which is crucial for long-term funding and support for quantum initiatives [90][92] - Rigetti has secured funding from DARPA and the Air Force Research Lab, indicating strong government interest in quantum technologies [93] Conclusion - Rigetti Computing is positioned at the forefront of quantum computing technology, focusing on scalability, fidelity, and strategic partnerships to drive future growth and commercialization [95]

Group 1 - Preferred Networks is recognized as a "true AI" company due to its reliance on deep learning, NLP, and generative models, along with its self-developed models and AI frameworks [1][3][4] - The company has a strong product versatility, offering solutions across various sectors including industrial automation, healthcare, and education, with over 435 global patents [5][6] - Despite its initial ambitions for international expansion, Preferred Networks has reverted to a domestic focus, raising concerns for other Japanese tech firms considering overseas ventures [2][10] Group 2 - Preferred Networks was founded in 2014 and developed the deep learning framework Chainer, which was once positioned alongside TensorFlow and PyTorch [3][11] - The company has shifted its strategy to collaborate with major Japanese corporations like Toyota and Nissan, focusing on customized AI systems rather than pursuing a broader international presence [13][18] - The company has established a new subsidiary, Preferred Elements, aimed at foundational technology development, indicating a potential shift towards a more open approach [14][16] Group 3 - PKSHA Technology, another prominent Japanese AI firm, has shown strong profitability with significant revenue growth, serving various industries including retail and finance [24][25][26] - Unlike Preferred Networks, PKSHA retains ambitions for international collaboration, partnering with companies like Microsoft and Tencent [26] - The early establishment of AI companies in Japan, such as PKSHA and Preferred Networks, was driven by a combination of engineering talent and industry demand for automation [28][30] Group 4 - The Japanese AI industry is characterized by a closed-loop system where startups primarily serve large domestic corporations, limiting their growth potential and innovation [44][45] - The government and large companies emphasize project-based AI solutions, which diminishes the drive for exploratory or innovative AI developments [44][45] - Cultural factors contribute to the lack of ambition for developing universal AI platforms, contrasting with the more aggressive approaches seen in other countries [30][43]