This article outlines the key challenges and advancements in the automotive industry, particularly in relation to reducing CO2 emissions and adopting cleaner, more efficient technologies. Transportation accounts for nearly a quarter of global CO2 emissions, with road vehicles responsible for 75% of these emissions, according to the International Energy Agency (IEA). As demand for cleaner vehicles rises, innovations like electric vehicles (EVs), hybrid systems, and advanced driver-assistance systems (ADAS) are gaining traction but still face obstacles such as limited range, long charging times, and high costs. To overcome these hurdles, startups in the automotive sector are pushing forward with new…
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David M. Rothenstein, Senior Vice President and Chief Strategy Officer at Ciena Corp (NYSE:), has recently sold a portion of his holdings in the company. According to a recent SEC filing, Rothenstein sold 3,500 shares of common stock on November 15 at a price of $68.99 per share. This transaction amounted to a total value of $241,464. Following this sale, Rothenstein retains ownership of 196,497 shares, which include unvested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). The sale was conducted under a Rule 10b5-1 trading plan established on September 22, 2023, allowing for pre-scheduled stock transactions. Ciena Corp,…
The leading GPU maker continues to dominate the AI market. Source link
Former YouTube content executive Jamie Byrne is teaming up with independent filmmaker Dave Clark and Fullscreen CEO George Strompolos to launch Promise, a new studio that will allow artists to produce original series and films and explore other formats using generative AI. “We are investing in a new class of Gen AI talent who blend traditional filmmaking chops with cutting-edge technical expertise, setting a new standard for high-quality storytelling enabled by AI,” Strompolos, who serves as Promise’s CEO, said in a statement. “We believe this is a transformational moment in entertainment and a studio must be built from the ground…
Perhaps you know Milo Ventimiglia as one of TV’s most beloved dads, Jack Pearson, in the Emmy Award-winning series This is Us, or as the brooding heartthrob Jess Mariano in Gilmore Girls. You might also recognize him as hospice nurse Peter Petrelli in Heroes, the cunning con man Charlie Nicoletti in The Company You Keep, or Formula One driver Denny in the film The Art of Racing in the Rain. Beyond his many acclaimed acting roles, Milo Ventimiglia is, at heart, a passionate gearhead. “I’ve always been interested in beautiful machines that move fast,” he reveals. “When I was a…
Image source: Getty Images These FTSE 100 shares are on sale. Here’s why I think they’re worth serious consideration from savvy investors. Rio Tinto 2024’s been a tough year for mining companies. Despite supply-side worries, prices of key commodities have sunk due to continued economic weakness in China. Things have been especially difficult for major iron ore producers, too. Diversified miner Rio Tinto (LSE:RIO), for instance, recorded disappointing ore shipment forecasts again in the third quarter. At 84.5m tonnes, these missed estimates by around 800,000 tonnes. This weakness reflects troubles in China’s property market in particular. It means that Rio’s…
C3.ai (NYSE: AI) stock rushed out of the gate Tuesday morning, gaining 13.2% through 9:50 a.m. ET after announcing a “strategic alliance” with software powerhouse Microsoft. Highlighting each company’s respective strengths, artificial intelligence (AI) applications specialist C3.ai and artificial intelligence server farm operator Microsoft say they will work together “to enhance existing capabilities and introduce new innovations that help our mutual customers maximize delivery of high-value enterprise AI solutions with Azure.” Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » More specifically, Microsoft intends to integrate C3.ai’s enterprise AI application software…
PARIS–(BUSINESS WIRE)–Regulatory News: In accordance with Article L.233-8 II of the French Commercial Code (Code de Commerce) and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers (the French financial markets authority), Sopra Steria Group (Paris:SOP) hereby informs its shareholders that the number of shares and voting rights as at 31 October 2024 are: Total (EPA:) number of shares: 20,547,701Theoretical number of voting rights: 26,561,682Number of voting rights that can be exercised: 26,266,869Disclaimer This document is a free translation into English of the original French press release. It is not a binding document. In the event of…
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump, at Madison Square Garden, in New York City, U.S. October 27, 2024.Carlos Barria | ReutersWASHINGTON — President Donald Trump is expected to nominate a key transition adviser and billionaire financial services executive, Howard Lutnick, to lead the Commerce Department, according to two sources familiar with the process. The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition. It’s not clear yet what his selection for a cabinet post would mean for his role in the transition…
Putting money into gold could make a lot of sense this holiday season, experts say. Getty Images It’s been quite the year for gold. The price of the precious metal started 2024 at just over $2,000 an ounce, but gold prices quickly climbed higher — breaking records as the price surpassed $2,400, $2,500, $2,600, and then, in mid-October, $2,700 per ounce.The price has moderated a bit in the time since, falling back below $2,700 per ounce, but remains high overall. And there are plenty of reasons behind the recent run-up, with geopolitical tensions and high inflation driving consumers to safe-haven…