Company Information - 74Software is an enterprise software group formed by the merger of Axway and SBS, specializing in mission-critical software for a data-driven world [3] - Axway has been a pioneer in enterprise integration solutions for 25 years, providing services to major brands and government agencies globally [3] - SBS focuses on empowering banks and financial institutions with a cloud-based architecture for various financial services [3] - The company serves over 11,000 clients, including more than 1,500 in the financial services sector [3] Voting Rights and Shares - As of December 31, 2025, the total number of shares is 29,746,194 [5] - The total number of exercisable voting rights is 40,824,746, while the theoretical voting rights amount to 41,288,507 [5]

行业关注点正在发生结构性转移：从"能不能做"转向"能否规模化落地"，从单点技术领先转向系 统能力构建。效率提升、基础设施选择、安全与商业回报，正在共同决定下一阶段的技术竞争格 局。 人工智能正推动 IT 职能从"维持运转"转向"效率与创新引擎"。KTLO 占比下降、Agentic Workflows 与 GenAI 加速渗透，标志着 IT 从成本中心向规模化价值交付平台转型。 生成式 AI 开始深入企业 IT 与运营核心，算力与硬件垄断出现松动迹象，量子科技从远期概念进 入国家级战略布局，而 5G 商业化也正式进入以变现能力为导向的"影响期"。 01 AI 驱动 IT 2025年 04 5G 价值兑现 5G 商业化进入"影响期"，行业焦点从网络覆盖转向变现能力。专网、MEC 与 API 等应用开始 释放回报，运营商竞争核心转为"用得好"而非"建得快"。 02 量子战略启航 人工智能：开启企业 IT 效率与创新的新篇章 为什么这项突破性技术使2025年成为"国际量子科学与技术年" 量子科技被正式纳入国家未来产业核心布局，后量子加密、量子计算与量子通信成为长期竞争 力关键。尽管通用量子计算尚未成熟，但安全与特定场 ...

Core Viewpoint - 74Software has transferred its liquidity contract from Kepler Cheuvreux to NATIXIS ODDO BHF SCA, effective January 2, 2026, to enhance liquidity and market surveillance for its shares on Euronext Paris [1][2]. Group 1: Contract Details - The new liquidity contract is established in compliance with AMF Decision No. 2021-01 and adheres to the AMAFI code of ethics [2]. - The contract aims to provide liquidity and market animation for 74Software shares, with resources allocated for its implementation [2]. - The contract can be suspended or terminated by either party with prior notice, allowing flexibility in management [2]. Group 2: Company Overview - 74Software is an enterprise software group formed by the merger of Axway and SBS, focusing on mission-critical software solutions [3]. - The company has over 11,000 clients, including more than 1,500 in the financial services sector, showcasing its extensive market reach [3]. - Axway has been a pioneer in enterprise integration solutions for 25 years, while SBS offers cloud-based architecture for financial institutions [3].

Seb Johnson ： 大家好，欢迎回到《Scaling Europe》节目。我是 Seb Johnson。我和 CJ Simon-Gabriel 一起在这里。CJ 是 Mirelo AI 的联合创始人 之一。 Mirelo AI 刚刚宣布了一个非常夸张的 4100 万美元种子轮 ，由 A16z 和 Index Ventures领投。 这是一笔很大的融资，而且由一些真正的顶级 VC 领投。我觉得特别有意思的是，你们是在欧洲做一个" 基础模型 "。所以对那些不了解的人，你能不能先快 速介绍一下 Mirelo AI ？ CJ： 谢谢你邀请我。 我们主要聚焦在为 视频内容和游戏 做"音频"。所以我们现在做的主要是 音乐和 音效 。 我们的想法其实很简单， 你把你的视频给我，我们告诉你"哪里该用什么声音"，并且把音频生成出来 。你可以生成音效，也可以加上音乐。 Seb Johnson： 你为什么决定做这个业务？ 过去一年，AI 视频生成在模型能力与产品形态上快速迭代，视频产出的边际成本持续下降，生成速度与可控性显著提升。今天不少 AI 创作者都经历过：画面 几分钟出片，真正让人头大的，是后面的音效、配乐、节奏、氛 ...

Postman's guide on solving the API problem: https://t.co/5HwGFY72oC ...

NEW YORK--(BUSINESS WIRE)--Perfect Corp., the leader in AI and AR solutions for beauty, fashion, and retail, will reveal a new era of AI agents and developer-first API innovation at CES 2026. These advancements showcase how intelligent AI agents and modular, scalable APIs are redefining personalization, product discovery, and visual experiences for the modern shopper. At CES 2026, Perfect Corp. will demonstrate how its AI Beauty Agent tools move beyond static try-on and analysis experiences to. ...

Zapier maintains 8000+ integrations that break as APIs change. We had thousands of backlog support tickets with dozens more arriving weekly. To keep up with the traffic, we started building AI tools to help ship integration fixes faster. We began by shadowing engineers fixing tickets and building tools we believed would expedite the fix process. Our first effort, an API playground hosting AI tools like diagnosis and test generation, failed to get engineering traffic because it pulled builders out of their w ...

Group 1 - Disney has entered a three-year licensing agreement with OpenAI, allowing the use of over 200 characters and environments from Disney, Marvel, Pixar, and Star Wars for generating social short videos on the Sora platform. Disney will invest $1 billion in OpenAI and will utilize OpenAI's API and ChatGPT for new product development [5] - Elon Musk's xAI has partnered with the Salvadoran government to launch the world's first national AI education program, aiming to implement personalized AI tutoring across public schools in El Salvador over the next two years [6] - Eight leaders in the AI industry, including NVIDIA's CEO Jensen Huang and OpenAI's CEO Sam Altman, were named as "Persons of the Year" by Time magazine, highlighting their influence on the future of AI [7] Group 2 - SoftBank is exploring potential acquisitions, including data center operator Switch, with discussions ongoing regarding a valuation of approximately $50 billion for Switch [8] - Apple lost an appeal in its long-standing dispute with Epic Games, with the court ruling that Apple violated a lower court's order by charging developers a 27% commission on transactions outside the App Store [10] - OpenAI launched its advanced AI model GPT-5.2, which is expected to enhance user experience in various applications, while Google shares fell over 2% following the announcement [11][13] - NVIDIA plans to host a private summit addressing power shortages affecting data centers, indicating the impact of energy constraints on AI development [14] - Tesla's U.S. sales dropped to a near four-year low in November, despite the introduction of cheaper versions of its popular electric vehicles, with total sales declining nearly 23% year-over-year [15]

Summary of SPS Commerce FY Conference Call Company Overview - **Company**: SPS Commerce (NasdaqGS:SPSC) - **Industry**: Supply Chain Software - **Core Offering**: Operates the world's largest retail network in the cloud, connecting retailers with merchandise suppliers for efficient information exchange regarding orders, items, inventory, and shipments [3][4][5] Key Points and Arguments Business Model and Customer Engagement - SPS Commerce partners with retailers to digitize connections with suppliers, providing a service that ensures 100% digital supply chain connections [3][5] - The company has a dedicated retail team primarily focused on the U.S. market, with plans to expand into Europe [6] Market Dynamics and Growth - The pandemic accelerated omnichannel initiatives among retailers, leading to increased IT investments and record customer counts during that period [14][15] - In 2024, customer counts stabilized, but there was a decline compared to the previous year, with a resurgence noted in 2025 [15][16] - The company is experiencing cost scrutiny from suppliers due to increased tariff costs, impacting supplier-side dynamics [16][17] Pricing Model and Customer Contracts - SPS Commerce offers flexible month-to-month contracts, which, while easy to buy, make customers susceptible to downsell during economic scrutiny [17][18] - The pricing model is based on the number of trading partner connections and supply chain documents sent, with a noted impact from lower volume trading connections [18] Growth Strategy - The growth algorithm focuses on Average Revenue Per User (ARPU) growth, leveraging existing customer relationships to expand trading partner connections [22][23] - A new network-led growth strategy aims to identify upsell opportunities within the existing customer base [24][25] M&A Activity - Recent acquisitions include SupplyPike and Carbon6, aimed at enhancing revenue recovery capabilities for suppliers facing chargebacks from retailers [29][30] - The acquisition of Traverse Systems allows SPS to offer scorecarding capabilities to retailers, enhancing discussions around supply chain performance [31][32] Total Addressable Market (TAM) - The refreshed TAM is estimated at $11 billion globally, with only 25% currently penetrated by SPS Commerce [34] - The majority of the unpenetrated market consists of undigitized connections, with some using DIY models from larger technology providers [34][35] Competitive Landscape - SPS Commerce faces competition primarily from DIY solutions for larger companies and smaller providers for niche markets [36][37] - The company wins most of the time due to its compelling technology and broad network, although price sensitivity remains a challenge in the small customer segment [36][37] Investor Insights - The long-term opportunity within the TAM and the scale of the SPS network are often underappreciated by investors [38] Additional Important Content - The company is well-positioned to adapt to shifts in global supply sources, although current market conditions are causing hesitation among customers regarding changes in supply chains [18][20][21] - The discussion around the impact of APIs versus EDI on the business indicates that SPS Commerce views API connections as an opportunity rather than a threat, as they can provide more complex and valuable integrations [10][12] This summary encapsulates the key insights from the SPS Commerce FY Conference Call, highlighting the company's strategic positioning, market dynamics, and growth opportunities within the supply chain software industry.

Group 1 - The total number of shares of 74Software is 29,746,194 [5] - The total number of exercisable voting rights is 40,809,354 [1] - The total number of theoretical voting rights is 41,290,909 [5] Group 2 - 74Software is an enterprise software group formed from the combination of Axway and SBS, focusing on mission-critical software for a data-driven world [3] - Axway has been a pioneer in enterprise integration solutions for 25 years, serving major brands and government agencies globally [3] - SBS provides a cloud-based architecture for banks and financial institutions, enabling various financial services to be deployed worldwide [3] - 74Software serves over 11,000 companies, including more than 1,500 financial service customers [3]