BorgWarner (NYSE:BWA) FY Conference November 19, 2025 09:20 AM ET Company ParticipantsPat Nolan - Head of IRCraig Aaron - CFOConference Call ParticipantsDan Meir Levy - AnalystDan Meir LevyVery glad to have all of you here as we continue day one of the 16th annual Barclays Global Autos and Mobility conference. Very pleased to have with us here BorgWarner, a leading supplier in powertrain. We have with us Craig Aaron, CFO, and Pat Nolan, who leads the IR efforts. We are going to go through a list of fireside ...

Forbes Contributor Bernard Marr shares his projections for business trends in 2026. From AI automation to cybersecurity, here are the main areas to look toward next year.Read more: https://t.co/PUA1YnFyYz https://t.co/Bmofj7NAvn ...

hot take: millions are losing their jobs (real) to AI automation meanwhile CT debates if airdrop farmers are the problem? how disconnected are we from reality? ...

Core Insights - Figure has launched an AI-powered Debt Service Coverage Ratio (DSCR) loan platform, enhancing its blockchain-based capital marketplace to address the growing demand in housing finance [1][2] - The platform allows investors to qualify for loans based on property cash flow rather than personal income, streamlining the underwriting and funding process [2][4] Group 1: Platform Features and Benefits - The DSCR platform significantly reduces loan processing time, potentially cutting it by over 80%, allowing funding in as few as 5 days compared to the traditional 21 to 30 days [3][4] - Automation through AI and blockchain technology lowers origination costs by up to 80%, addressing rising industry costs that have increased by 35% to over $10,000 per loan [4][6] - The platform provides tools for brokers, lenders, and investors to capitalize on the growing demand for investment property financing, with DSCR-backed loans increasing from 22% to 50% of all non-QM mortgage-backed securitizations between 2019 and 2022 [5][9] Group 2: Market Context and Growth - The demand for investment property financing is rising as homeownership becomes less accessible, with over $2 billion in DSCR loans originated in January 2025 alone [5][9] - Figure's platform is positioned to meet the needs of both traditional financial institutions and individual investors, offering a competitive edge in the rapidly evolving real estate investment market [7][8] Group 3: Strategic Partnerships and Industry Impact - West Capital and Axen are among the first partners to integrate Figure's DSCR product, highlighting the collaborative approach to expanding market reach [1][9] - Figure's technology aims to reshape financial services by combining AI automation with blockchain transparency, providing a solution that the market has been anticipating [6][9]

Core Insights - Salesforce, Inc. reported strong performance in its AI and Data Cloud segments, with Annual Recurring Revenue (ARR) from these areas reaching $1.2 billion, reflecting a 120% increase year-over-year [1][9] - The Data Cloud business has grown to a $7 billion segment, with a 140% increase in customer base and a 326% rise in data usage during the second quarter [2][9] - The Agentforce AI platform has signed over 6,000 paid deals, with 60% of customers transitioning from pilot projects to full production [3][9] Data Cloud Performance - Data Cloud is now a $7 billion business, with customer growth of 140% year-over-year and data usage increasing by 326% in the second quarter [2][9] - More than half of Fortune 500 companies are utilizing Data Cloud, indicating strong market penetration [2] Agentforce Growth - Agentforce has signed more than 6,000 paid deals, with 40% of bookings coming from existing customers expanding their usage [3] - The introduction of a new pricing model, flex credits, is contributing to 80% of Agentforce bookings, which may enhance recurring revenue over time [3] Future Growth Potential - The combination of Data Cloud and Agentforce is foundational for the Agentic Enterprise, which leverages accurate data to enhance AI agent performance [4] - The Zacks Consensus Estimate predicts revenue growth of 8.8% and 9.1% for fiscal years 2026 and 2027, respectively [4] Competitive Landscape - Competitors like Microsoft and ServiceNow are also advancing AI automation in the enterprise sector, with Microsoft integrating AI features into its Dynamics 365 platform and ServiceNow deploying industry-specific AI tools [5][6] Valuation Metrics - Salesforce shares have decreased by 25.4% year-to-date, contrasting with a 22% growth in the Zacks Computer – Software industry [7] - The company trades at a forward price-to-earnings ratio of 20.48, significantly lower than the industry average of 33.89 [11] Earnings Estimates - The Zacks Consensus Estimate for Salesforce's earnings indicates a year-over-year increase of approximately 11.2% for fiscal 2026 and 11.7% for fiscal 2027, with upward revisions in estimates over the past 30 days [14]

Core Insights - ServiceTitan has announced a definitive agreement to acquire Conduit Tech, an HVAC design and sales platform utilizing LiDAR technology to enhance customer engagement and streamline building permit processes [1][5] - The acquisition aims to integrate Conduit's sales proposal tools with ServiceTitan's AI automation products, providing contractors with efficient measurement tools and improved customer experiences [1][2] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, offering tools for business management and customer experience enhancement [6] - Conduit Tech, founded in 2022, specializes in providing HVAC contractors with a LiDAR-powered platform for quick and profitable design, sales, and installation of high-efficiency HVAC systems [3][7] Technology and Efficiency - Conduit's platform allows HVAC technicians to create 3D models and perform load calculations on-site in minutes, significantly increasing operational efficiency [2][7] - The technology enables contractors to serve more clients daily, present optimal options, and enhance revenue potential without the need for additional staff [2][7] Strategic Goals - The acquisition is expected to modernize the HVAC industry by equipping contractors with advanced tools to build trust and drive revenue [4] - Both companies share a commitment to empowering contractors with technology that enhances service delivery and operational efficiency [4][6]

Proud to be a launch partner for @Google’s new Agentic Payments Protocol (AP2).The Sui Stack brings fast, programmable payments + privacy-first identity to power real agentic commerce.This is the future of AI automation.MystenLabs.sui (@Mysten_Labs):Sui is a launch partner for @Google’s new Agentic Payments Protocol (AP2) - a standard that lets AI agents transact on behalf of users.Originally developed by Mysten Labs, @SuiNetwork brings fast, programmable payments and privacy-first identity to power the fut ...

AI Impact on Job Market - Certain careers and skillsets are more likely to thrive in the AI era [1] - Synthesia CEO Victor Riparbelli discusses job resilience to AI automation [1] Media Coverage - TomMackenzieTV interviews Synthesia CEO about AI and careers [1]

Core Insights - Salesforce is leveraging its ADAM framework, which consists of Agents, Data, Apps, and Metadata, as the foundation for its AI strategy, emphasizing that all four components are essential for effective AI agent deployment in enterprises [1][5]. Group 1: ADAM Framework and AI Strategy - The ADAM framework includes the Agentforce platform for AI agents, Data Cloud for unified data, MuleSoft for system integration, and various Salesforce applications like Sales Cloud and Slack, with Metadata serving as the linking platform [2][10]. - The pending $8 billion acquisition of Informatica is expected to enhance Salesforce's master data management and ETL capabilities, creating a unified architecture for agentic AI [2][10]. - Examples of products utilizing the ADAM framework include Tableau Next, which connects to Data Cloud, and Slack, which serves as a conversational interface for accessing Salesforce applications and agents [3][10]. Group 2: Customer Adoption and Market Position - Companies like Finnair, PepsiCo, and Falabella are implementing the ADAM framework for customer service automation and multi-cloud projects, showcasing its effectiveness in real-world applications [4][10]. - Management believes that the success of the ADAM framework will depend on customer adoption rates, with potential for significant growth if execution is successful [5]. Group 3: Competitive Landscape - Competitors such as Microsoft and ServiceNow are also advancing AI automation in the enterprise sector, with Microsoft integrating AI features into Dynamics 365 and ServiceNow utilizing AI for IT service management and customer support [6][7]. Group 4: Financial Performance and Valuation - Salesforce shares have decreased by 30.7% year-to-date, contrasting with the 19.8% growth of the Zacks Computer – Software industry [8]. - The company trades at a forward price-to-earnings ratio of 19.33, which is significantly lower than the industry average of 35.32 [12]. - The Zacks Consensus Estimate indicates year-over-year revenue growth of 8.6% for fiscal 2026 and 9.2% for fiscal 2027, with earnings expected to increase by approximately 10.8% and 11.5% respectively [5][15].

Core Insights - Salesforce, Inc. is focusing on Agentforce, its AI agent platform, as a key growth driver, offering AI-powered software to automate business tasks and enhance productivity [1] Group 1: Agentforce Performance - Within two quarters of its launch, Agentforce has secured over 4,000 paid deals and achieved more than $100 million in annual recurring revenues, indicating strong early adoption and customer value recognition [2][9] - In the first quarter of fiscal 2026, nearly one-third of Agentforce bookings were from customers expanding their usage, showcasing the platform's integration into existing workflows [3][9] Group 2: Strategic Initiatives - To accelerate Agentforce adoption, Salesforce has introduced new usage-based pricing models, industry-specific templates, and enhanced the AgentExchange marketplace, while also hiring additional sales staff [4][9] - The platform utilizes real-time data from Salesforce's Data Cloud to automate work, improve decision-making, and reduce manual effort [3] Group 3: Financial Outlook - If executed successfully, Agentforce could significantly contribute to Salesforce's revenue growth and customer retention, with Zacks Consensus Estimates indicating year-over-year revenue growth of 8.6% for fiscal 2026 and 9.2% for fiscal 2027 [5] - Salesforce's shares have declined 22.8% year-to-date, contrasting with the Zacks Computer – Software industry's growth of 17.5% [8] - The forward price-to-earnings ratio for Salesforce is 21.7, notably lower than the industry average of 34.48, suggesting potential undervaluation [10] Group 4: Earnings Estimates - The Zacks Consensus Estimate for Salesforce's fiscal 2026 and 2027 earnings suggests year-over-year increases of approximately 10.8% and 11.5%, respectively, with upward revisions in estimates over the past 30 days [11]