Core Insights - MicroVision is transitioning from a hardware-first "Lidar 1.0" model to a value- and software-driven "Lidar 2.0" approach, focusing on customer value and scalable economics [3][4][7] Company Strategy - The company has built its strategy around four key areas: a diversified portfolio for multiple end markets, an open software approach, design-to-cost execution, and automotive-grade delivery with fiscal discipline [2] - MicroVision's acquisitions of Luminar and Scantinel have enhanced its lidar portfolio, enabling it to serve automotive, industrial, and security markets with a range of sensing solutions [1][7] Financial Performance - For Q4 2025, MicroVision reported revenue of $0.2 million, a decline from $1.7 million in Q4 2024, with full-year revenue at $1.2 million compared to $4.7 million in 2024 [6][12] - The company recorded $29.4 million in non-cash impairments in Q4, with additional consolidation charges expected [6][16] 2026 Outlook - Management projects revenue for 2026 to be between $10 million and $15 million, with positive margins anticipated [5][18] - Cash used in operations plus capital expenditures is expected to be $65 million to $70 million, reflecting a modest increase due to recent acquisitions [19] Product Development and Market Focus - MicroVision is focusing on expanding its product offerings, including short-range solid-state sensors (MOVIA S), long-range sensors (Iris and Halo), and software solutions (MOSAIK and Sentinel) [9][10] - The company is prioritizing security and defense applications, having completed proof-of-concept phases for drone and ground-based autonomy platforms [7][10] Operational Changes - Following the acquisitions, MicroVision is consolidating its operations from Redmond to Orlando, which will serve as its U.S.-based manufacturing site [11] - The company has added approximately 30 customer relationships through the Luminar acquisition, enhancing its cross-selling capabilities [10] Market Timing and Future Growth - Automotive revenue is expected to become more significant later in the decade, while industrial and security markets will help bridge near-term commercialization [21] - The MOVIA S sensor is anticipated to drive industrial growth starting in late 2026 [21]

Investor Presentation March 2026 www.avantecorp.ca TSXV:XX TSXV:XX DISCLAIMER This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward- looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", ...

Financial Data and Key Metrics Changes - For the full year 2025, Ziff Davis grew revenues by 3.5% and adjusted EBITDA increased slightly, generating almost $290 million in free cash flow [4][16] - In Q4 2025, revenues declined by 1.5% to $406.7 million, and adjusted EBITDA decreased by 5% to $163.2 million, with an adjusted EBITDA margin of 40.1% [15][16] - Fiscal year 2025 total revenue was $1,451.3 million, with adjusted EBITDA of $495.1 million and an adjusted diluted EPS of $6.63, reflecting a slight increase from the previous year [16][25] Business Line Data and Key Metrics Changes - The Tech and Shopping segment experienced an 18% decline in revenues, significantly impacting overall performance, while the other four segments grew over 6% [4][5] - The Health and Wellness segment achieved record revenue and adjusted EBITDA, growing year-over-year revenues by 8.6% [7][8] - Connectivity revenues increased by 11%, driven by strong growth in services like Speedtest and Downdetector [8][9] Market Data and Key Metrics Changes - The gaming and entertainment segment saw a revenue growth of 1.5% in Q4, consistent with its full-year growth rate [6] - The advertising and performance marketing revenue declined by 4.4% in Q4 2025, while subscription and licensing revenue increased by 4% [18][19] - The overall revenue decline associated with the exited games publishing business was approximately $14 million, impacting consolidated revenue growth by about 1% [20] Company Strategy and Development Direction - The company is focused on delivering profitable growth and strong free cash flow generation in 2026, with expectations of mid-single-digit revenue decline in the Tech and Shopping segment [11][23] - Ziff Davis plans to continue its active M&A strategy, seeking high-quality brands in high-value categories, leveraging its strong cash flow generation [22][47] - The company is also exploring opportunities in AI content licensing, emphasizing the need for proper compensation frameworks [12][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in the Tech and Shopping segment due to declining web search traffic affecting affiliate commerce revenues [5][32] - The outlook for 2026 includes expectations of low to mid-single-digit revenue growth in Gaming and Entertainment, Health and Wellness, and Cybersecurity and MarTech segments [11][12] - Management expressed confidence in overcoming current challenges in Tech and Shopping, anticipating improvements in the second half of 2026 [11][40] Other Important Information - The company repurchased approximately 4.8 million shares for nearly $174 million in fiscal year 2025, with an additional 740,000 shares repurchased since January 1, 2026 [21][22] - Ziff Davis closed seven acquisitions in 2025, investing a total of $68.7 million to support its M&A program [22][26] - The company has significant leverage capacity, with gross leverage at 1.8 times trailing 12 months adjusted EBITDA [20] Q&A Session Summary Question: AI search tailwinds in Tech and Shopping - Management noted that lost search traffic can be offset by other engagement sources, but high-intent consumer traffic is harder to replace, particularly in affiliate commerce [31][32] Question: Growth rate expectations for Tech and Shopping - Management believes Tech and Shopping should achieve mid-single-digit growth in the long term, despite current challenges [45][46] Question: M&A opportunities in the current market - Management sees unique opportunities in the digital media space due to compelling valuations and intends to focus on high-quality brands [47][48] Question: Trends in the advertising market - Management indicated that the advertising market is segmented, with Gaming & Entertainment and Health & Wellness showing stable growth, while Tech and Shopping faces challenges [50][51] Question: Impact of AI on Health & Wellness - Management expressed confidence that search dynamics are not a concern for Health & Wellness, as much of the inventory is not search-based [56][57]

Financial Data and Key Metrics Changes - For the full year 2025, Ziff Davis reported a revenue growth of 3.5% and adjusted EBITDA growth was slight, generating almost $290 million in free cash flow [4][16] - In Q4 2025, revenues declined by 1.5% to $406.7 million, and adjusted EBITDA decreased by 5% to $163.2 million, with an adjusted EBITDA margin of 40.1% [15][16] - Fiscal year 2025 total revenue increased to $1,451.3 million, with adjusted EBITDA rising to $495.1 million, resulting in an adjusted EBITDA margin of 34.1% [16][25] Business Line Data and Key Metrics Changes - The Tech and Shopping segment experienced an 18% revenue decline, significantly impacting overall performance, while the other four segments grew over 6% [4][5] - The Health and Wellness segment achieved record revenue and adjusted EBITDA, growing year-over-year revenues by 8.6% [7][8] - Connectivity revenues increased by 11%, driven by new customers and service adoption [8][9] Market Data and Key Metrics Changes - The CNET Group saw video and social views grow 100% in Q4 and over 80% for the full year 2025, reaching 1 billion views [5][6] - Direct-to-consumer revenues from the IGN Store and Humble Bundle reached almost $90 million in 2025, with significant growth in social engagement [7][8] Company Strategy and Development Direction - The company is focused on delivering profitable growth and strong free cash flow generation in 2026, with expectations of mid-single-digit revenue decline in Tech and Shopping for the first half of the year [11][23] - Ziff Davis plans to continue its active M&A strategy, seeking high-quality brands in high-value categories, leveraging its strong cash flow generation [22][47] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in the Tech and Shopping segment due to declining web search traffic affecting affiliate commerce revenues, but expressed confidence in offsetting these declines through alternative engagement sources [5][11] - The outlook for 2026 anticipates continued growth in Gaming and Entertainment, Health and Wellness, and Cybersecurity and MarTech segments, with double-digit growth expected in Connectivity [11][12] Other Important Information - The company repurchased approximately 4.8 million shares for nearly $174 million in fiscal year 2025, with an additional 740,000 shares repurchased in 2026 [21][22] - The exit from the game publishing business is expected to eliminate distractions and volatility in the Tech and Shopping segment [17][18] Q&A Session Summary Question: Can you expand on AI search tailwinds in Tech and Shopping? - Management noted that lost search traffic can be offset by other engagement sources, but high-intent traffic from search is harder to replace, particularly affecting affiliate commerce [29][31] Question: What is the expected growth rate for Tech and Shopping? - Management believes Tech and Shopping should achieve mid-single-digit growth in the long term, despite current challenges [45][46] Question: What are the trends in the ad market? - The ad market is segmented, with Gaming & Entertainment and Health & Wellness showing stable growth, while Tech and Shopping faces challenges primarily in affiliate commerce [50][51]

Financial Data and Key Metrics Changes - For the full year 2025, Ziff Davis reported a revenue growth of 3.5% and adjusted EBITDA growth was slight, generating nearly $290 million in free cash flow [4][15] - In Q4 2025, revenues declined by 1.5% to $406.7 million, and adjusted EBITDA decreased by 5% to $163.2 million, with an adjusted EBITDA margin of 40.1% [14][15] - Fiscal year 2025 total revenue increased to $1,451.3 million, with adjusted EBITDA rising to $495.1 million, resulting in an adjusted EBITDA margin of 34.1% [15][25] Business Line Data and Key Metrics Changes - The Tech and Shopping segment experienced an 18% revenue decline, significantly impacting overall performance, while other segments grew over 6% [4][5] - Gaming and Entertainment revenues grew by 1.5% in Q4, consistent with its full-year growth rate [5] - The Health and Wellness segment achieved record revenue and adjusted EBITDA, growing year-over-year revenues by 8.6% [6][7] - Connectivity revenues increased by 11%, driven by new customer acquisitions and service adoption [7][8] - Cybersecurity and MarTech revenues grew by 2.7%, primarily due to strong performance in the cybersecurity vertical [8][9] Market Data and Key Metrics Changes - The CNET Group saw video and social views grow by 100% in Q4 and over 80% for the full year 2025, reaching 1 billion views [5] - Direct-to-consumer revenues from Humble Bundle and IGN Store reached nearly $90 million in 2025 [6] Company Strategy and Development Direction - The company is focused on delivering profitable growth and strong free cash flow generation in 2026, with expectations of mid-single-digit revenue decline in Tech and Shopping for the first half of the year [10][23] - Ziff Davis plans to continue its active M&A strategy, having closed 7 acquisitions in 2025 and looking for high-quality brands in high-value categories [22][47] - The company is evaluating potential strategic opportunities to unlock shareholder value, which has led to the decision to defer issuing formal guidance [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in the Tech and Shopping segment due to declining web search traffic affecting affiliate commerce revenues, but expressed confidence in offsetting these declines through alternative engagement sources [5][31] - The outlook for 2026 includes expectations of low to mid-single-digit revenue growth in Gaming and Entertainment, Health and Wellness, and Cybersecurity and MarTech, with continued double-digit growth anticipated in Connectivity [10][11] - Management emphasized the importance of maintaining margins despite revenue challenges, with a focus on cost containment and strategic adjustments [41][42] Other Important Information - The company repurchased approximately 4.8 million shares in 2025, reducing the number of shares outstanding by more than 10% [20][25] - The board of directors increased the stock repurchase authorization by 10 million shares, valid until February 2036 [21] Q&A Session Summary Question: AI search tailwinds in Tech and Shopping - Management noted that lost search traffic can be offset by other engagement sources, but high-intent consumer traffic is harder to replace, particularly in the Tech and Shopping segment [31][32] Question: Growth rate expectations for Tech and Shopping - Management believes Tech and Shopping should achieve mid-single-digit growth in the long term, despite current challenges [45][46] Question: Trends in the ad market - The ad market is segmented, with Gaming & Entertainment and Health & Wellness showing stable growth, while Tech and Shopping faces challenges primarily in affiliate commerce [51][52] Question: Impact of AI on Health & Wellness - Management expressed confidence that search dynamics are not a concern for Health & Wellness, as much of the inventory is not search-based [56][57] Question: M&A opportunities in the current market - Management indicated that while some may hesitate to transact due to AI-related uncertainties, there are still opportunities for acquisitions, particularly for high-quality brands [59][60]

Financial Data and Key Metrics Changes - Q2 net sales increased by $8.4 million or 13% year-over-year, reaching $71.8 million [7][13] - Adjusted EBITDA rose nearly $4 million, with an adjusted EBITDA margin improvement of approximately 480 basis points to 10.4% [7][15] - Adjusted net income for the quarter was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share in the prior year [14] - Full-year guidance for consolidated net sales is now expected to be between $300 million and $310 million, with adjusted EBITDA between $36 million and $39 million [15][16] Business Line Data and Key Metrics Changes - The MasterCraft segment is experiencing momentum with new premium products and strong demand signals from boat shows [9][10] - The pontoon segment is focused on operational improvements and enhancing margin performance, with the luxury brand Balise launching the new Halo model [11][12] Market Data and Key Metrics Changes - Retail demand is expected to be down 5%-10%, but recent trends are tracking toward the better end of that range for the MasterCraft segment [8] - Early boat show results have shown strong engagement, particularly in several key cities [10] Company Strategy and Development Direction - The company announced a definitive agreement to combine with Marine Products Corporation, aiming to strengthen its marine platform through complementary brands and expanded dealer networks [6][18] - The combination is expected to unlock growth opportunities and enhance operational efficiencies, with a focus on maintaining brand identities and quality [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current momentum and the ability to navigate the dynamic market environment [19] - The company is committed to disciplined production management and capital allocation strategies focused on value creation [19][28] Other Important Information - The transaction with Marine Products Corporation is expected to close in Q2 2026, subject to regulatory approvals [26] - The combined company will maintain a strong balance sheet with no debt and significant liquidity post-transaction [27] Q&A Session Summary Question: Can you elaborate on the additional synergies from the transaction? - Management highlighted opportunities in innovation platforms, manufacturing best practices, and expanded distribution as key areas for synergies [31][34] Question: What is the current state of inventory management? - Management indicated that restocking is largely over, and both companies are in good shape regarding inventory levels [35][36] Question: How did the pricing for the transaction come about? - Management explained that the mix of cash and stock was appealing to Marine Products, allowing them to participate in the upside of the combined entity [39][41] Question: What are the expectations for shifts in Marine Products' model mix post-integration? - Management noted that there are plans to enhance the model mix and accelerate innovation, leveraging the strengths of both companies [49][50] Question: How will the combined dealer network expand distribution? - Management acknowledged that while there are opportunities for cross-synergy, it will be market-specific and will require careful planning [51][82] Question: What is the outlook for the Balise brand post-transaction? - Management confirmed that the Balise brand will continue to expand, with strong consumer interest and dealer feedback [84][86]

Financial Data and Key Metrics Changes - Q2 net sales increased by $8.4 million or 13% year-over-year, reaching $71.8 million [7][13] - Adjusted EBITDA rose by nearly $4 million, with an adjusted EBITDA margin improvement of approximately 480 basis points to 10.4% [7][15] - Adjusted net income for the quarter was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share in the prior year [14] - Full-year guidance for consolidated net sales is now expected to be between $300 million and $310 million, with adjusted EBITDA between $36 million and $39 million [15][16] Business Line Data and Key Metrics Changes - Within the MasterCraft segment, there is growing momentum with the introduction of new premium products, including the redesigned X24 and XStar, which are generating strong demand signals [9][10] - The pontoon segment is executing operational improvements and enhancing margin performance, with the luxury brand Balise launching the new Halo model [11][12] Market Data and Key Metrics Changes - Retail demand is expected to be down 5%-10%, but recent trends are tracking toward the better end of that range for the MasterCraft segment [8] - Early boat show results have been encouraging, with strong engagement reported at several key shows [10] Company Strategy and Development Direction - The company announced a definitive agreement to combine with Marine Products Corporation, aiming to strengthen its marine platform through complementary brands and an expanded dealer network [6][18] - The combination is expected to unlock growth opportunities and enhance product development and manufacturing capabilities [18][20] - The focus remains on maintaining brand identities while expanding the product lineup across various price points and boat lengths [20][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current momentum and the ability to navigate the dynamic market environment through disciplined inventory and production management [19] - The company is confident that the combination with Marine Products Corporation will create significant value and growth opportunities [18][28] Other Important Information - The transaction is expected to close in Q2 2026, subject to regulatory approvals and shareholder approval [26] - The combined company will maintain a strong balance sheet with no debt and significant liquidity post-transaction [27] Q&A Session Summary Question: Can you elaborate on the additional synergies from the transaction? - Management highlighted opportunities in innovation platforms, manufacturing best practices, and expanded distribution as key areas for synergies [31][34] Question: What is the current state of inventory management? - Management indicated that restocking is largely over, and both companies are in good shape regarding inventory levels [35][36] Question: How did the acquisition price compare to Marine Products' closing price? - Management explained that the mix of cash and stock was appealing to Marine Products, allowing them to participate in the upside of the combined entity [39][41] Question: What are the expectations for shifts in Marine Products' model mix post-integration? - Management noted that there are plans to enhance the model mix and accelerate innovation, leveraging the strengths of both companies [49][50] Question: How will the combined dealer network expand distribution? - Management acknowledged that while there are opportunities for cross-synergy, it will be market-specific and will require careful planning [51][82] Question: What is the outlook for the Balise brand post-acquisition? - Management confirmed that the Balise brand will continue to expand, with strong consumer interest and dealer feedback [84][86]

Financial Data and Key Metrics Changes - Q2 net sales increased by $8.4 million or 13.2% year-over-year, reaching $71.8 million, driven by favorable model mix, higher volumes, and pricing [6][11] - Adjusted EBITDA rose to $7.5 million from $3.5 million in the prior year, with an adjusted EBITDA margin improvement of 480 basis points to 10.4% [12][13] - Adjusted net income for the quarter was $4.7 million, or $0.29 per diluted share, compared to $1.7 million, or $0.10 per share in the prior year [12] Business Line Data and Key Metrics Changes - The MasterCraft segment showed strong momentum with new product introductions, including the redesigned X24 and XStar, generating strong demand signals [9] - The pontoon segment, particularly the luxury brand Balise, is executing operational improvements and enhancing margin performance [10] Market Data and Key Metrics Changes - Early boat show engagement has been encouraging, with strong attendance and interest noted in several key markets [9] - Retail demand is expected to be down 5%-10% for the year, but recent trends are tracking toward the better end of that range for the MasterCraft segment [7] Company Strategy and Development Direction - The company announced a definitive agreement to combine with Marine Products Corporation, aiming to strengthen its marine platform through complementary brands and expanded dealer networks [5][15] - The combination is expected to unlock growth opportunities and enhance product development and manufacturing capabilities [15][18] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the second half of the fiscal year, citing disciplined inventory management and a flexible operating model to adapt to varying demand scenarios [7][16] - The company is raising its full-year guidance for net sales, earnings, and adjusted earnings per share based on strong Q2 performance [13] Other Important Information - The proposed combination with Marine Products Corporation is expected to close in Q2 2026, subject to regulatory approvals [21] - The transaction will be funded with cash on hand, maintaining a debt-free status post-transaction [21][24] Q&A Session Summary Question: Can you elaborate on the additional synergies from the transaction? - Management highlighted opportunities in innovation platforms, manufacturing best practices, and expanded distribution as key areas for synergy beyond the identified $6 million in cost savings [27][29] Question: What is the current state of inventory management? - Management indicated that restocking is largely over, with both MasterCraft and Marine Products managing their inventories effectively [30][32] Question: How did the acquisition price compare to Marine Products' closing price? - Management explained that the mix of cash and stock was appealing to Marine Products, allowing their shareholders to participate in the upside of the combined entity [35][36] Question: What are the expectations for shifts in Marine Products' model mix post-integration? - Management noted that there are plans to enhance the model mix and accelerate innovation, leveraging the strengths of both companies [44][45] Question: How will the combined dealer network expand distribution? - Management acknowledged that while there are opportunities for cross-synergy, the approach will be market-specific, assessing each dealer's capacity to take on additional brands [46][78] Question: What is the outlook for the Balise brand post-acquisition? - Management confirmed that the Balise brand will continue to expand, with strong consumer interest and a new model launch planned [80][81]

Financial Data and Key Metrics Changes - In calendar year 2025, the company achieved record revenues of $20.6 billion, up 27% year-over-year, with gross margin at 49.9%, the highest since the Novellus merger in 2012 [15][16] - Operating margin reached a record 34.1%, with operating profit dollars increasing 41% year-over-year to $7 billion [16] - Diluted earnings per share were $4.89, up 49% year-over-year, and revenue for the December quarter was a record $5.34 billion, marking the 10th consecutive quarter of revenue growth [16][17] Business Line Data and Key Metrics Changes - Foundry accounted for 59% of systems revenue in the December quarter, up from 35% in December 2024, while memory represented 34% of systems revenue [17] - DRAM revenue reached a record, accounting for 23% of systems revenue, up from 16% in the September quarter [17] - The Customer Support Business Group generated approximately $2 billion in revenue for the December quarter, up 12% sequentially [19] Market Data and Key Metrics Changes - The company expects the wafer fabrication equipment (WFE) market to be around $135 billion in 2026, with growth constrained by clean room space shortages [7][8] - China accounted for 35% of revenue in December, down from 43% in the prior quarter, while Taiwan and Korea saw increases to 20% each [19] - The company anticipates robust growth in investments across all device segments, particularly in DRAM and leading-edge foundry logic [8] Company Strategy and Development Direction - The company aims to double its revenue and profit over the next five years, focusing on expanding market share at every technology node [5][6] - Investments in manufacturing and R&D are being made to increase operational velocity in response to strong customer demand [6][12] - The company is transforming its R&D capabilities to stay ahead of technology transitions, utilizing velocity labs and digital twinning capabilities [13] Management's Comments on Operating Environment and Future Outlook - Management noted that the AI transformation is driving industry spending higher, with WFE expected to be weighted towards the second half of 2026 [8][27] - The company is confident in its ability to outperform and deliver long-term value for customers and shareholders, despite clean room space constraints [27] - Management highlighted the importance of technology transitions and the strong demand for greater compute and storage capabilities [8][58] Other Important Information - The company repurchased approximately 39 million shares at an average price of $104 per share in 2025, returning 85% of free cash flow to shareholders [23] - Capital expenditures for the December quarter were $261 million, driven by investments in manufacturing capacity and R&D [25] - The company ended the December quarter with approximately 19,700 full-time employees, an increase of about 300 from the prior quarter [25] Q&A Session Summary Question: Constraints on WFE due to fab readiness - Management declined to provide a specific number on how much constraints are costing the industry, noting that plans are fluid and clean room space is a significant challenge [30][31] Question: Impact of customer mix on gross margin - Management confirmed that the customer mix will be less favorable in the March quarter, impacting gross margin [35] Question: Supply chain and manufacturing ramp in Malaysia - Management emphasized the importance of manufacturing capability and the ongoing ramp-up in Malaysia, with a focus on customer needs [39] Question: DRAM market and 4F squared adoption - Management indicated that full volume production of 4F squared is expected towards the end of the decade, with Acara positioned well for this transition [48][49] Question: NAND market dynamics and capacity additions - Management expects NAND to be a growth area in 2026, with upgrades happening before significant capacity additions [51][52] Question: Share gain expectations for 2026 - Management plans to increase share of WFE this year, driven by technology transitions and strong demand [56][58] Question: Transition from NAND upgrades to greenfield capacity - Management anticipates that significant greenfield capacity additions will likely occur in 2027 or 2028 due to clean room space constraints [81]

Core Insights - AMD's CEO Lisa Su emphasized that AI is the most significant technology of the past 50 years and presented a comprehensive industrial-grade platform rather than just chips [1][2] - The introduction of Helios, a rack-level platform designed for the Yotta-level AI era, signifies a shift in the industry towards integrated solutions for AI deployment [7][19] Group 1: AI Demand and Infrastructure - The global AI computing demand is projected to exceed 100 Zettaflops by 2025, with a bold prediction of a 100-fold increase in computing power over the next five years, reaching 10 Yottaflops [4][5] - AI applications are expected to explode, requiring robust infrastructure to support complex tasks such as video generation and multi-modal intelligence [6][21] - AMD's Helios architecture aims to provide a scalable, long-term online AI infrastructure rather than relying on individual powerful chips [7][18] Group 2: Helios Architecture - Helios is designed as a production-ready AI factory, integrating multiple components such as MI455X GPUs, Venice CPUs, and Pensando network chips into a cohesive system [11][12] - The architecture is modular and adheres to the Open Compute Project (OCP) standards, allowing for easy upgrades and replacements [13][14] - Helios features full liquid cooling and high bandwidth capabilities, with each rack supporting 31TB of memory and 2.9 Exaflops of computing power [15][17] Group 3: Industry Adoption and Use Cases - Leading AI companies like OpenAI and Luma are already deploying their core operations on AMD platforms, showcasing the practical applications of Helios [19][22] - The shift in AI deployment from cloud-based to local solutions is highlighted by AMD's Ryzen AI Max and Halo, which enable local execution of large models [36][37] - The healthcare sector is rapidly adopting AI, with companies like Absci and Illumina utilizing AMD technology for drug design and cancer screening [38][39] Group 4: Future Directions - AMD is positioning itself as the foundational infrastructure for AI, moving beyond chip sales to provide comprehensive solutions that support AI's integration into everyday life [44][45] - The focus is on creating a system that can support millions of intelligent agents simultaneously, emphasizing the need for cost-effective and stable solutions [45]