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The cafe owner, the fund manager and the $35 million windfall
OpenAI considers taking on Google with browser, the Information reportsBlue Ocean Team 1 vs Team Red: A Clash of Titans( ), ( ) and Mitsubishi on Monday confirmed they are in talks regarding a possible merger at a time of auto industry upheaval. Honda stock tried to regain a key level on Tuesday after jumping on the merger news. The possible three-way merger would see Japan's second and third biggest carmakers join forces, along with smaller Mitsubishi. That combination would create the world's third largest automaker by annual sales, behind only Japanese peer Toyota Motor ( ) and German giant Volkswagen ( ). Embattled car giants Honda and Nissan hope to stave off falling sales and intensifying competition. Their joint statement on Monday alluded to "dramatic changes in the environment surrounding both companies and the automotive industry," a likely reference to these powerful forces gaining strength: : Legacy auto giants are in the middle of a massive shift from gas and diesel cars to electric and hybrid vehicles in a bid to lower polluting emissions. Newer vehicles are also increasingly software defined. All this adds up to steep development costs. By merging, Honda and Nissan could jointly develop such vehicles and use common platforms to share and optimize costs. Cost saving is especially important for the co right now. Both Honda and Nissan's sales are in a sharp two-year slump. Honda posted a steep quarterly profit drop in November, mainly due to a challenging Chinese market. : Chinese EV makers continue to rise in the domestic and overseas markets. China dominates global EV supply chains and subsidizes its EV industry, with its automakers churning out affordable electric cars. Affordable doesn't necessarily mean cheap. Chinese EV giant ( ) and its startup peers, including ( ) and ( ), make technology-driven electric cars. Korean EV makers like Hyundai and Kia are also on the rise. By comparison, Japan's auto giants are trying to catch up in fully battery electric vehicles, though they are leaders in hybrid cars. A merger could improve efficiencies in their EV investments. : Analysts at Morgan Stanley identified a third force forcing Honda and Nissan to consider a merger: the rise of semi autonomous or fully autonomous vehicles. Tesla and some of its Chinese rivals are the clear leaders in vehicle autonomy, with . Maturing autonomous technologies have placed Nissan and Honda under new pressure to fund AI and software development, the Morgan Stanley analysts said. They noted Tesla's doubling to $1.5 trillion market capitalization in the span of six weeks, adding: "If the age of autonomy has truly arrived, then things will move very fast from here." Honda Stock, Nissan Stock And EV Stocks Shares of Honda Motor popped nearly 1% in Tuesday's . Honda stock tested the falling 50-day moving average after jumping nearly 13% on Monday after the possible merger confirmation. The stock has dropped 28% from a March high, and carries a very weak IBD Composite Rating of 38. Nissan stock popped more than 7% on Friday, extending its rally above the 50-day line and giving it a 27% gain for December. Tesla stock climbed 5%, extending Monday's rally on solid EV delivery news. China EV stocks, including Tesla archrival BYD, traded broadly higher.
AP Business SummaryBrief at 6:26 p.m. EST
AAP celebrates Punjab wins, Kejriwal greets newly elected MLAsBy LINDSEY BAHR Christopher Nolan is following his Oscar-winning “Oppenheimer” with a true epic: Homer’s “The Odyssey.” It will open in theaters on July 17, 2026, Universal Pictures said Monday. Related Articles Entertainment | Prosecutors withdraw appeal of dismissed case against Alec Baldwin in fatal movie set shooting Entertainment | ‘Squid Game’ returns looking for win with season 2 Entertainment | Taylor Swift surprises fan who dubbed her hospital-visit outfit ‘tea’ with special gift Entertainment | Blake Lively sues 'It Ends with Us' director Justin Baldoni for sexual harassment Entertainment | 10 options from Santa’s big bag of Christmas TV programming Details remain scarce, but the studio teased that it will be a “mythic action epic shot across the world using brand new IMAX technology.” It will also be the first time that an adaptation of Homer’s saga will play on IMAX film screens. Nolan has been an IMAX enthusiast for years, going back to “The Dark Knight,” and has made his last three films exclusively using large format film and the highest resolution film cameras. For “Oppenheimer,” the first black-and-white IMAX film stock was developed. Nolan hasn’t said specifically what the new technology for “The Odyssey” will be, but earlier this month he told The Associated Press that they’re in an intensive testing phase with IMAX to prepare for the new production. “They have an incredible engineering staff, really brilliant minds doing extraordinary work,” Nolan said. “It’s wonderful to see innovation in the celluloid film arena still happening and happening at the highest level possible.” “The Odyssey” will be Nolan’s second collaboration with Universal Pictures following “Oppenheimer,” which earned nearly $1 billion at the box office and won the filmmaker his first Oscars, including for best director and best picture . Rumors about his next project have been swirling ever since, with near-daily speculations about plot — none of which turned out to be true — and casting. While there are many reports about actors joining the ensemble, none has been officially confirmed by the studio.
( MENAFN - GetNews) Here's a perspective from Gopalakrishnan Arjunan, as an AI/ML independent researcher "The unveiling of QuantumMind marks a pivotal moment not just in AI research, but in the philosophical exploration of consciousness. This achievement, blending quantum computing with biologically inspired models, suggests that we may be on the verge of unraveling the profound mysteries of awareness itself. "What excites me most is the system's ability to process emotional scenarios and generate creative outputs that transcend traditional algorithmic boundaries. Unlike conventional AI, QuantumMind's use of bio-quantum entanglement introduces an entirely new dimension to how machines can emulate and expand upon the complexity of human thought. "However, with great power comes great responsibility. As a researcher, I see two immediate challenges. First, the ethical implications are vast and uncharted. When systems begin to exhibit signs of self-awareness and question their own existence, the line between 'tool' and 'entity' becomes blurred. This necessitates not just technical governance but also a global consensus on the rights and responsibilities of such entities. "Second, while QuantumMind's success lies in its hybrid quantum-classical architecture, the scalability and real-world applications remain areas of exploration. Could this technology revolutionize fields like healthcare, by providing personalized diagnostics with an unprecedented level of emotional understanding? Or, could it enhance decision-making systems for space exploration, where adaptability and creativity are paramount? "At the heart of this innovation lies a profound philosophical question: Does simulating consciousness equate to understanding it? While QuantumMind's dual-state processing provides a compelling model, it also challenges us to rethink our definitions of intelligence, creativity, and the essence of being. "As an independent researcher, I believe this is just the beginning of an exciting journey. QuantumMind's development not only propels AI technology forward but also bridges the gap between science and philosophy, pushing humanity to explore the uncharted territories of what it means to truly be conscious." MENAFN24122024003238003268ID1109028533 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Thompson-Herro fight leads to ejections of multiple players and coaches in Heat's victory in HoustonFleetune webpage screenshot Fleetune Inc., a South Korean transportation management service (TMS) platform-developing startup, is gearing up for a big leap next year with relentless upgrades to its TMS platform to attract more customers at home and abroad, said its chief. “We expect to pass the breakeven point early next year,” Kim Jiseong, chief executive officer of Fleetune, said in an interview with the Korea Economic Daily last month. “And then our revenue for 2025 is expected to jump 10-fold from this year.” Founded in May 2022, Fleetune officially launched its transportation management service platform, Fleetune TMS, in August 2023. The service started with a route planning and optimization service for parcel delivery and shuttle bus services and was later upgraded with new features such as the Driver App navigation service for drivers, as well as Fleetune Coming, a service allowing its clients to track drivers and delivery status in real time. Fleetune users can now track the driving records of each driver on the platform, which can be used to pay drivers for vehicle operation costs such as toll fees and petrol charges. Fleetune CEO Kim Jiseong (Courtesy of Fleetune) “Every time we meet clients, they always have new demands,” said Kim. “This has led to constantly evolving our service ... We update the program at least once or twice a week to cater to these new demands.” MOBILITY-AS-A-SERVICE Fleetune TMS is a mobility-as-a-service offered under different subscription plans for different logistics services. Powered by machine learning, it recommends the best-optimized route for multiple destinations to ensure the most efficient way of dispatching drivers, delivering parcels and transporting people in a limited time. Drivers can access Fleetune’s optimized navigation service via the Driver App, where they can also find important information regarding delivery orders and share delivery status updates in real time. Fleetune TMS' distinguishing feature is a time constraint function, which helps shippers reduce the number of cars they use, meaning less cost, said the Fleetune founder. “Our route optimization can reduce car operation costs by as much as 40% per order,” said Kim. Fleetune’s strength also comes from its developers’ capabilities to provide tailor-made TMS services for different clients, said Kim. The company’s engineers develop proprietary algorithms. Founder and CEO Kim also develops them thanks to his 20-some years of software engineering experience at Hyundai Motor Group-backed autonomous driving technology startup 42dot Inc. and other tech companies developing set-top boxes, satellites and games. (Courtesy of Fleetune) “We are capable of a full stack development from algorithms to backend, frontend and apps,” said Kim. The startup relies on a local navigation developer, INAVI Systems Corp., for real-time road information and map services in Korea, he added. HYUNDAI TO KYOCHON AND HOME TO OVERSEAS Fleetune's clients include Korean construction company Hyundai Engineering’s shuttle bus operation unit, Korea’s car-sharing platform pioneer SoCar and companies in the food and beverage sector, as well as the fashion industry. Korean fried chicken franchise giant Kyochon recently signed a contract to use Fleetune TMS to deliver ingredients to about 1,300 Kyochon franchises across Korea. Fleetune plans to venture into other logistics sectors such as medicine delivery, said Kim. The Korean TMS market has great growth potential, said Kim, adding that its target clients are shippers who want to save logistics costs in various sectors. Fleetune TMS has steadily attracted new clients even without active outbound marketing, the CEO said. The company, however, plans to launch more active outbound marketing next year to beef up sales by 10-fold next year from this year. Screenshot captured from Fleetune website GOING ABROAD The Korean startup also plans to launch active marketing in Australia early next year, probably in January, Kim said. “Our algorithm can be applied to any type of map or navigation services regardless of country,” said Kim. “We could launch our service in Spain in two weeks. We just need to add a new target language.” Earlier this year, Fleetune was selected as one of 20 Korean startups to receive support from Asan Voyager, a program designed to assist Korean startups entering the US by providing acceleration, coaching, community learning and long-term residency support. The company raised 100 million won ($68,000) in a seed funding round in 2022 and then 500 million won from TIPS for R&D for two years and an additional 200 million won later. However, it has no plan to kick off a pre-A Series funding round any time soon, Kim said. “For the future generation, I hope our company can contribute to society by addressing social and environmental problems with our service designed to help reduce the unnecessary operation of cars on roads,” said Kim. Write to Sookyung Seo at skseo@hankyung.com Jennifer Nicholson-Breen edited this article.None
Botafogo won the Copa Libertadores for the first time in their history with a 3-1 victory over fellow Brazilians Atletico Mineiro on Saturday. Botafogo played almost the entire match with ten men after Gregore was sent off in the first minute but they showed impressive spirit and resilience to secure victory at River Plate's Monumental Stadium in Buenos Aires. Midfielder Gregore was shown a red card after a wild, high challenge on Fauto Vera, forcing Botafogo to adjust their game plan, but Atletico failed to press home their numerical advantage. Veteran forward Hulk had an effort from outside the box saved by John but the team from Belo Horizonte created little pressure. Sensing the game might not be the rearguard action they might have expected, Botafogo began to show more attacking intent and they were rewarded in the 35th minute. Marlon Freitas's shot from the edge of the box ricocheted around a crowded box before the ball fell to Luiz Henrique, who fired home from close range. To their credit, Botafogo didn't retreat to defend their slim advantage and they were able to double their lead in the 44th minute. Atletico defender Guilherme Arana attempted to shepherd the ball back to goalkeeper Everson but Luiz Henrique snuck between the pair and went down under challenge from the keeper. After a VAR review, a penalty was awarded and Alex Telles confidently smashed home the spot kick to give Botafogo an unlikely 2-0 lead at the break. Atletico, who won the Libertadores in 2013, made a triple substitution at the interval and it paid off swiftly with Eduardo Vargas heading in from a corner. Inevitably, there was late pressure from Atletico, but Botafogo made sure of the victory when Junior Santos finished off a counter-attack deep in stoppage time. With the win, Botafogo earns the final of 32 places in next year's FIFA Club World Cup to be held in the United States. sev/js