Industrial AI firm plans to use Genius for Smarter Manufacturing at Global 2000 CustomersVANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSD) ("VERSES'' or the "Company”), a cognitive computing company specializing in next-generation agentic software systems has signed Algo8 as a Genius enterprise customer. Algo8 also plans to become a certified Genius reseller. Algo8 is an industrial AI company serving asset-heavy Fortune 500 and Global 2000 customers su ...

New Training Environment Delivers Scalable Automation and Solves Key Barriers to Industrial AI AdoptionNATICK, Mass., June 9, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today announced the upcoming full launch of OneVision™, a cloud-based platform that will transform how manufacturers build, train, and scale AI-powered vision applications.how manufacturers build, train, and scale AI-powered vision applications. The OneVision softwar ...

NVIDIA (NVDA) Q1 2026 Earnings Call May 28, 2025 05:00 PM ET Company Participants Toshiya Hari - VP of Investor Relations & Strategic FinanceColette Kress - EVP & CFOJensen Huang - Founder, President and CEOJoseph Moore - Managing DirectorVivek Arya - Managing DirectorCJ Muse - Senior Managing DirectorBen Reitzes - Managing Director – Head of Technology ResearchTimothy Arcuri - Managing DirectorJake Wilhelm - Vice President Operator Good afternoon. My name is Sarah, and I will be your conference operator to ...

Core Viewpoint - The company is accelerating its strategic transformation towards becoming an industrial AI company, enhancing its global presence, and entering the humanoid robot market [1][4]. Financial Performance - In the previous year, the company achieved a revenue of 9.139 billion yuan, a year-on-year increase of approximately 6%, and a net profit attributable to shareholders of 1.117 billion yuan, up 1.38% year-on-year [1]. - Excluding the impact of GDR foreign exchange gains and losses, the net profit attributable to shareholders was 1.092 billion yuan, representing a year-on-year growth of 9.60% [1]. Strategic Initiatives - The year 2025 is identified as a critical period for the company's strategic shift, with increased R&D investment in AI technology leading to short-term performance pressure but positioning the company for future growth [1]. - The company has launched innovative products such as the UCS universal control system and the TPT temporal industrial model, aimed at enhancing AI applications in process industries [2]. Product Innovations - The UCS system reduces cabinet room space by 90%, shortens construction time by 50%, and increases communication speed by over 100 times, representing a revolutionary innovation in control systems [2]. - The TPT model achieves a self-control rate of over 95%, reduces nitrogen oxide emissions by 5%, and decreases coal consumption by over 3.1%, providing significant economic benefits to clients [2]. Market Outlook - According to Omdia, the AI software market is expected to experience explosive growth, reaching a scale of 218 billion USD by 2029, driven by the integration of industrial AI models and agents [3]. - The company is actively promoting the development and application of TPT and robotics, anticipating these technologies will drive new growth [3]. Humanoid Robotics - The company has invested in the Zhejiang Humanoid Robot Innovation Center, which has launched two generations of humanoid robots and is moving towards mass production [4]. - The company has introduced the "Plantbot" solution, integrating AI and robotics to enhance perception, decision-making, and execution capabilities [4]. Global Expansion - In 2024, the company's overseas revenue reached 749 million yuan, a year-on-year increase of 118.27%, accounting for 8.25% of total revenue [5]. - The company has established 21 subsidiaries and 5 new 5S stores in various regions, enhancing the global influence of the SUPCON brand [5]. Strategic Partnerships - The company has formed deep collaborations with international clients such as Saudi Aramco and Petronas in various fields including control systems and industrial software [6]. - The company is pursuing acquisitions and partnerships to support its strategic transformation towards industrial AI and robotics [6].

Core Viewpoint - Aeva Technologies (AEVA) has significantly outperformed its peers in the lidar sector, with a stock price increase of 431% over the past year, driven by strategic wins, industrial expansion, and growing customer confidence [1][5][17] Company Performance - AEVA's market capitalization is approximately $1 billion, with a multibillion-dollar pipeline indicating substantial upside potential [5] - The latest quarterly revenue reached $3.4 million, exceeding Zacks Consensus Estimate by over $1 million, reflecting a year-over-year growth of 60% [5] - Management projects full-year revenue growth of 80-100% in 2025, excluding new strategic collaborations [5] Strategic Partnerships - AEVA has formed a significant partnership with a Fortune 500 technology company, which will invest up to $50 million, including $32.5 million in equity and $17.5 million for product development [6] - This partner will also act as AEVA's Tier 2 manufacturing partner for its global top 10 passenger OEM program, indicating strong confidence in AEVA's FMCW lidar platform [6] Automotive Sector Wins - AEVA is engaged in a development program with a top-10 global passenger vehicle OEM, which could lead to a large-scale production contract by late 2025 [7] - A letter of intent has been secured for a next-generation platform that may cover multiple vehicle models, potentially matching or exceeding the $1 billion Daimler Truck program [7] Industrial Market Expansion - AEVA is expanding into the industrial automation market, valued at over $4 billion, with its Eve 1 sensor already attracting customers like SICK AG and LMI Technologies [9] - The company has booked over 1,000 units with initial shipments underway, which diversifies revenue sources and reduces dependence on automotive production [9] Manufacturing Capacity and Liquidity - AEVA aims to reach an annual manufacturing capacity of 100,000 units by the end of 2025, supported by strategic partnerships [11] - The company ended Q1 2025 with $206 million in available funding, providing flexibility for growth while managing current operating cash use of $26 million per quarter [11] Competitive Landscape - AEVA's competitors, Ouster and MicroVision, have struggled to match AEVA's growth trajectory, with Ouster focusing on industrial AI applications and MicroVision facing commercialization challenges [12][13] - AEVA's FMCW lidar technology offers real-time velocity measurement and scalable design, distinguishing it from competitors [14] Financial Outlook - AEVA's earnings per share (EPS) is expected to grow by 21.7% in 2025 and 12.2% in 2026, indicating positive financial momentum [15] Conclusion - AEVA is positioned for long-term growth with strategic automotive contracts, expansion into industrial markets, and improving financials, making it a compelling investment opportunity [17]

IFS selects TomTom’s location technology to enhance planning and scheduling solutions IFS selects TomTom’s location technology to enhance planning and scheduling solutions AMSTERDAM, Netherlands, May 15, 2025 (GLOBE NEWSWIRE) -- TomTom (TOM2), the location technology specialist, today announced that it has been selected by IFS, the leading provider of enterprise cloud and Industrial AI software, to enhance their Planning and Scheduling Optimization (PSO) platform, delivering precise route calculations a ...