Collaboration and Technology - Chineka collaborates with DDN for almost 10 years to support large-scale systems like Leonardo and Galileo 100 [1][2] - DDN's platform enables Chineka to process 30% more data, crucial for civil protection scenarios like geological hazards [2] - DDN is synonymous with performance for AI workloads, handling massive data ingestion and processing [5] Project Outcomes and Impact - Projects improve human research in areas from weather prediction to artificial intelligence, nuclear fusion, and astrophysics [1] - Digitalization projects preserve Italian and European history by creating digital twins of historical sites [3] - Data simulation time reduced from 40 minutes to 5 minutes, significantly improving efficiency [4] - Leonardo supported research to find medicine against COVID-19, contributing to the development of a treatment [4] Future Strategy - Chineka is transitioning between High-Performance Computing (HPC) and Artificial Intelligence (AI) ecosystems [5] - Chineka's mandate is to support both HPC and AI ecosystems, requiring systems capable of managing petabyte and exabyte-level data [5] - DDN technology enables Chineka to manage petabyte-scale data now and exabyte-scale data in the future [5]

This is a new error correcting code. You say basically it cracks the code on science challenges of actually making quantum a reality. Absolutely.I mean, the the whole the whole thing here is that we cracked the code in actually building something that's realistic and planning for this with a full architecture, which gives us the roadmap to go year after year of new technologies to hit that milestone in 2029 with IBM Sterling. Can you take us from here in 2025 to 2029. What needs to be achieved.Because there ...

Group 1 - IBM plans to invest $150 billion over the next five years, with approximately $30 billion allocated to mainframe and quantum computing [1][3] - Despite investments, IBM has remained a slow-growth company, with Q1 revenue of $14.5 billion growing only 1% year over year [2][5] - The company has a significant debt burden of $63 billion against stockholders' equity of about $27 billion, which may limit its ability to take on more debt [8] Group 2 - The investment could be transformative, as IBM's capital expenditures were only $321 million in Q1 2025 and $1.1 billion in 2024 [3] - IBM's software segment grew revenue by 8%, but other segments experienced declines, indicating a need for overall business performance improvement [5] - The company holds about $17 billion in liquidity and expects to generate $13.5 billion in free cash flow in 2025, up from $12.7 billion in 2024 [6] Group 3 - More than $6.1 billion of free cash flow is allocated to fund dividends, which yield about 2.8%, significantly higher than the S&P 500's average [7] - The high P/E ratio of 41 may limit near-term growth unless there is significant improvement in business performance [5] - Investors are advised to hold IBM shares due to uncertainties surrounding funding for increased capital expenditures [9][10]

Group 1: Financial Performance - INVL Technology reported an audited net profit of EUR 8.09 million in 2024, a 56.5% increase from EUR 5.17 million in 2023 [1] - The company's equity and net asset value reached EUR 51.43 million at the end of December 2024, marking an 18.2% increase year-over-year [1] - The per share value of equity and NAV grew by 19% to EUR 4.2896 [1] Group 2: Portfolio Company Performance - The aggregated revenues of INVL Technology's portfolio companies amounted to EUR 66.23 million in 2024, a 5.8% increase from 2023 [4] - Gross profit for the portfolio companies increased by 9.7% to EUR 19.78 million, while aggregated EBITDA grew by 42.7% to EUR 5.13 million [4] - NRD Cyber Security's consolidated revenue increased by 37.6% to EUR 10.19 million, with gross profit rising by 12.7% to EUR 4.50 million [5] - NRD Companies reported consolidated revenue of EUR 9.97 million, a 9.3% decrease from 2023, but gross profit increased by 9.8% to EUR 4.83 million [6] - Novian's consolidated revenues reached EUR 38.90 million, a 2.4% increase, with gross profit growing by 14.4% to EUR 8.80 million [7] Group 3: Strategic Developments - INVL Technology is in the process of selling its portfolio of businesses, with Corum Group International serving as the M&A intermediary [3][2] - The company is managed by INVL Asset Management, which is the leading alternative asset manager in the Baltics [8] - INVL Technology is a closed-end investment company that must exit its investments by mid-July 2026 and distribute the proceeds to shareholders [8]