Kip framed large language models (LLMs) as both a top-of-funnel opportunity and a channel diversification effort. He said Angi has started working with “every LLM,” announced a deal with Amazon’s Alexa, submitted an app to “another major LLM,” and is discussing “two technical integrations” based on the same underlying technology. However, he noted Angi does not yet have anything “live” and characterized current LLM-related traffic as modest and difficult to parse.He added that Angi is seeing a “material sta ...

Angi (NasdaqGS:ANGI) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Russakoff - CFOJeffrey W. Kip - CEOConference Call ParticipantsBrad Erickson - Equity Research AnalystCory Carpenter - Equity Research AnalystDan Kurnos - Equity Research AnalystEric Sheridan - Equity Research AnalystMatt Condon - Equity Research AnalystSergio Segura - AnalystStephen Ju - Equity Research AnalystYoussef Squali - Equity Research AnalystOperatorWelcome to the Angie Inc. fourth quarter 2025 earni ...

Company Overview - ServiceNow (NOW) has experienced a significant downtrend due to a correction in the software landscape, primarily influenced by potential disruptions from large language models (LLMs) [1] Analyst Insights - The analysis focuses on the technology sector, particularly companies involved in AI infrastructure, cloud computing, and digital transformation [2] - The investment approach emphasizes understanding business fundamentals and future growth trajectories to identify companies with intrinsic values exceeding their current market values [2] Market Context - The software industry is currently facing challenges, with ServiceNow being impacted by broader market corrections related to technological advancements and disruptions [1]

Cerence Q1 February 4, 2026 Brian Krzanich, Chief Executive Officer Tony Rodriquez, Chief Financial Officer Forward-Looking Statements Statements in this presentation as well as oral statements made by Cerence management from time to time, regarding: Cerence's future performance, results and financial condition; expected growth, profitability and cash flow; outlook and momentum; transformation plans and cost efficiency initiatives; strategy; opportunities; business, industry and market trends; plans and exp ...

Core Viewpoint - The investment thesis emphasizes Tesla Inc. and Nvidia Corp. as the leading companies in the physical AI market, which is seen as a critical component of the fourth industrial revolution [1][2]. Tesla Inc. - Tesla's focus has shifted from vehicle delivery to high-margin software adoption, particularly through Full Self-Driving (FSD) technology, which is expected to increase adoption from 12% to 50% [4]. - A base case valuation of $600 and a bullish case of $800 are projected, driven by the margin story associated with FSD [4]. - The year 2025 is anticipated to be a significant transition year, leading into a "golden year" in 2026, influenced by advancements in FSD, autonomous Cybercabs, and robotics [5]. Nvidia Corp. - Nvidia is viewed as the foundational provider of hardware essential for autonomous systems and industrial robotics, positioning it as a leader in the AI infrastructure market [6]. - The company is considered to be four to five years ahead of competitors in the chip industry, making it a primary beneficiary of the current capital expenditure surge in the tech sector [6]. Energy Constraints - The primary constraint in the AI arms race is identified as energy shortages rather than capital or technology [7][8]. - There is a notable increase in data centers under construction, which is straining the energy grid, necessitating vertical integration strategies such as custom cooling and on-site energy generation to address the power crunch [7]. Price Action - As of 2026, Tesla shares have decreased by 4.91%, but have shown a 30.57% increase over the last six months and a 4.07% increase over the year [10]. - Nvidia shares have increased by 1.94% year-to-date, with a 7.39% rise in six months and a 54.44% increase over the year, indicating a stronger price trend compared to Tesla [10][11].

Core Insights - Google's Gemini is gaining significant traction in the AI landscape, with Apple selecting it to enhance Siri's capabilities [1] - The development of Gemini has been a long-term effort, leveraging Google's extensive resources and research capabilities [2][4] - The latest version, Gemini 3, is reportedly performing well on various benchmarks, indicating strong model quality [4] Development and Infrastructure - The company has focused on improving infrastructure to integrate AI capabilities into its products efficiently, with plans to roll out Gemini features across various services, including Gmail [5] - There is an ongoing debate about the path to achieving Artificial General Intelligence (AGI), with some believing that scaling existing models may suffice while others argue for the need for significant scientific breakthroughs [6][9] Market Dynamics - Concerns about an AI bubble exist, particularly regarding startups that secure substantial funding without proven products [10][11] - Despite some areas potentially being overvalued, there are numerous successful applications and use cases in the AI sector [11] Future Outlook - The likelihood of a major technological revolution that reduces the need for processing power is considered low, with current trends indicating that increased computational resources are necessary for training and deploying AI models [12][13] - The impact of AI on the job market is still uncertain, with expectations that new opportunities will arise, particularly for creators and professionals who adapt to new tools [14][15]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Post Hearing Information Pack, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Post Hearing Information Pack. Post Hearing Information Pack of Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 (the "Company") (A joi ...

Cerence FY Conference Summary Company Overview - **Company**: Cerence (NasdaqGS:CRNC) - **Industry**: Automotive technology, specifically focused on voice recognition and AI integration in vehicles - **Conference Date**: January 13, 2026 Key Points and Arguments Voice Technology Evolution - Transition from keyword-based voice commands to natural language processing enabled by large language models (LLMs) [1][2] - Current voice technology allows for multiple instructions in one sentence, enhancing user experience and safety [3][4] - Approximately 40% of cars are currently connected, with projections indicating 80%-95% connectivity by the end of the decade [5] Revenue Potential - Estimated annual revenue of $400-$500 per connected vehicle through various services [6] - 80% of car buyers express a desire for embedded AI in vehicles [7] - The company aims to enhance user experience through personalized infotainment and offline performance capabilities [8] Competitive Landscape - Cerence competes with Google by offering both embedded and cloud-based solutions, focusing on personalized experiences for OEMs [9][10] - The company is involved in various sectors beyond automotive, including wearables and smart TVs [11][16] Financial Performance - Q4 FY 2025 revenue was approximately $60 million with a gross margin of 73% [17] - Full fiscal year 2025 revenue reached $252 million, with an adjusted EBITDA of $48 million and free cash flow of $46 million [18] - Guidance for FY 2026 projects revenue between $300 million to $320 million, with expected adjusted EBITDA and free cash flow of around $60 million [19][20] Intellectual Property and Legal Matters - Cerence successfully negotiated a $49 million patent license with Samsung, avoiding court [21] - Ongoing IP disputes with Nuance and other companies, focusing on contract violations and potential infringements [24][25] Revenue Streams and Business Model - Revenue is generated from both embedded technology (paid upon vehicle production) and connected services (paid when the vehicle is sold) [27][30] - The connected services segment is the fastest-growing revenue stream, with double-digit growth reported [30] Market Outlook - Anticipated growth in connected vehicle technology from 30%-40% to over 90% by the end of the decade [39] - The company is focused on increasing the price per unit for new technology and expanding its software offerings [40][41] Customer Engagement and Personalization - Cerence aims to provide a human-like interaction experience in vehicles, utilizing facial recognition and personalized greetings [12][13] - The company is working on enhancing the user experience through unique features tailored to individual OEMs [10][12] Additional Important Information - The company has a significant backlog of contracts valued at approximately $1 billion over five years, providing visibility into future revenue [38] - Cerence is actively exploring monetization opportunities outside of automotive, including partnerships with companies like Sony and TCL [23][26] This summary encapsulates the core discussions and insights from the Cerence FY Conference, highlighting the company's strategic direction, financial performance, and market opportunities.

Core Insights - Cerence Inc. has announced a partnership with Geely Auto to implement Cerence xUI™, a hybrid AI platform aimed at enhancing the in-vehicle voice interaction experience for overseas users [1][2]. Group 1: Partnership Details - The collaboration leverages Geely Auto's AI technology and Cerence's expertise in hybrid AI to prioritize overseas user needs, enhancing driving safety and convenience [2]. - Geely Auto will utilize Cerence xUI to introduce advanced voice interaction features, including multi-intent recognition and natural language understanding, tailored to regional linguistic and cultural preferences [3]. Group 2: Product Features and Benefits - Cerence xUI enables a more natural and intuitive in-car assistant experience, transforming it from a reactive system to a proactive, context-aware companion [4]. - Key features of Cerence xUI include: - Natural, unconstrained dialogue allowing users to interact freely without unrecognized requests [6]. - Multi-intent functionality that allows the assistant to handle complex queries seamlessly [6]. - Support for multiple acoustic zones, providing personalized experiences for each passenger [6]. - Say What You See (SWYS) functionality for hands-free control of the user interface [6]. Group 3: Market Impact and Future Plans - The deployment of Cerence xUI in the Geely Galaxy M9 is set to begin in April 2026, showcasing the rapid market introduction of these AI solutions [4]. - Cerence's technology has been integrated into over 525 million vehicles, indicating a strong market presence and partnership with leading automakers [5].

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 (the "Company") (A joint stock company incorporated in the ...