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A Place In The Sun made me want to move abroad – but when I got there it made me want to cryHow Booz Allen thrives on tech disruptionThe explosive growth of the artificial intelligence (AI) market has minted a lot of millionaires. For example, a modest $3,000 investment in the AI chipmaker Nvidia just 10 years ago would be worth nearly $1.5 million today. But with a market cap of $3.6 trillion, it could be tough for Nvidia to replicate those millionaire-making gains over the next decade. Therefore, investors looking for those kinds of life-changing returns should seek out smaller companies that have more room to grow. I believe these three companies -- Symbotic (NASDAQ: SYM) , Serve Robotics (NASDAQ: SERV) , and Lemonade (NYSE: LMND) -- might just make the cut. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » 1. Symbotic Symbotic produces fully autonomous robots for processing pallets in warehouses. It claims a $50 million investment in just one of its modules (which includes its robots and software) can generate $250 million in lifetime savings over 25 years. Its top customer is Walmart , which tasked the company with automating all of its U.S. regional distribution centers over the next decade. That deal accounted for 88% of Symbotic's revenue in fiscal 2023 (which ended last September). Walmart is also one of Symbotic's leading investors. Symbotic is overwhelmingly dependent on Walmart, but it's been gaining additional major customers like Target , Albertsons , and C&S Wholesale. It's also providing more robots to GreenBox, a new warehouse-as-a-service joint venture it launched with its big backer SoftBank last year. Symbotic's revenue jumped 55% in fiscal 2024, and analysts expect its top line to keep growing at a compound annual growth rate (CAGR) of 32% over the next two years as it continues to fulfill its long-term deal with Walmart and lock in new customers. Analysts also expect it to turn profitable on a generally accepted accounting principles ( GAAP ) basis in 2025. With an enterprise value of $3.1 billion, Symbotic's stock still looks cheap at 1.3 times this year's sales. It faces some near-term macro and competitive headwinds in the warehouse automation space, but it might just become a millionaire-maker stock over the next few years. 2. Serve Robotics Serve Robotics develops autonomous sidewalk delivery robots. It was originally created as a unit of Postmates, which was acquired by Uber Technologies in 2020. Uber spun off Serve in 2021, but it still uses its robots to fulfill some of Uber Eats' orders in Los Angeles. Serve still generates all of its revenue from Uber, and it only operated 59 active robots across the Los Angeles area in the third quarter of 2024. But in 2025, it plans to deploy up to 2,000 robots for Uber Eats across the L.A. and Dallas-Fort Worth metro areas. For 2024, analysts expect Serve to generate less than $2 million in revenue as it racks up a net loss of $34 million. But in 2025, they expect its revenue to jump to $13 million as it narrows its net loss to $31 million. In 2026, they see its revenue more than quadrupling to nearly $60 million as it narrows its net loss to $25 million. We should take those estimates with a grain of salt, but Serve's business could start gaining momentum as more businesses use its robots to make short-range deliveries. That growth could help it attract more customers to reduce its dependence on Uber. With an enterprise value of $379 million, Serve doesn't seem terribly expensive at 6 times its 2026 sales. It remains a highly speculative stock, but it could still have plenty of upside potential and counts Nvidia as one of its top investors. 3. Lemonade Lemonade is an online insurance company that simplifies the onboarding and claims process with its AI-powered chatbots. That simple digital-first approach made it popular with younger and first-time insurance buyers, and more than 70% of its customers were under the age of 35 at the time of its initial public offering in 2020. It initially only offered renters and homeowners insurance, but it now offers term life, pet health, and auto insurance policies. It ended its latest quarter with 2.31 million customers, compared to just over 1 million customers at the end of 2020. For 2024, Lemonade expects its in-force premiums to rise 26%, its gross earned premiums to grow 22%-23%, and its total revenue to increase 21%-22%. It also sees its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improving from negative $173 million in 2023 to negative $151 million-$155 million in 2024. Lemonade hasn't proven its business model is sustainable yet, but it's growing much faster than its larger competitors. With an enterprise value of $2.9 billion, it trades at just 4 times next year's sales -- so it might generate millionaire-maker gains if it scales up its business, narrows its losses, and widens its moat. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $380,291 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,278 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $484,003 !* Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon. See 3 “Double Down” stocks » *Stock Advisor returns as of November 18, 2024 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lemonade, Nvidia, Serve Robotics, Target, Uber Technologies, and Walmart. The Motley Fool has a disclosure policy . 3 Millionaire-Maker Artificial Intelligence (AI) Stocks was originally published by The Motley Fool
The world stands at the dawn of a “third nuclear age” in which Britain is threatened by multiple dilemmas, the head of the armed forces has warned. But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”Cleveland-Cliffs (NYSE:CLF) & DeFi Technologies (OTC:DEFTF) Financial Analysis
Driving Transformation in FinTech: The Visionary Contributions of Satheesh Reddy Gopireddy 12-04-2024 09:28 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: 2Newswire Image: https://www.getnews.info/wp-content/uploads/2024/12/1733240175.jpg Satheesh Reddy Gopireddy In an era where financial institutions are increasingly reliant on technology to streamline operations, enhance security, and reduce costs, few individuals have had as profound an impact on the FinTech landscape as Satheesh Reddy Gopireddy Satheesh Reddy Gopireddy has carved out a distinguished career at the intersection of automation, cloud security, and advanced DevSecOps with more than 23 published research papers and a track record of innovative projects. His contributions have fundamentally reshaped how financial institutions approach efficiency and security. The heart of Satheesh's work is the application of AI-driven automation to DevOps pipelines - the game-changer that helped financial services streamline processes and unlock huge cost savings. This involved automating repetitive tasks, hence eliminating operational workforce dependencies and thereby making the speed and accuracy of financial operations more agile and effective, with a dollar saving of millions for the sector. These efficiencies have enabled FinTech companies to allocate more resources to strategic activities, enhancing productivity and service delivery in general. One of the notable successes of Satheesh is the development of Zero Trust Architecture (ZTA) and proactive threat detection systems which have bolstered the cybersecurity architecture of financial institutions. As threats become increasingly sophisticated, proactive, AI-based threat detection by Satheesh has played a vital role in protecting sensitive financial information from emerging threats. By adopting ZTA, organizations now operate within environments where trust is never assumed, thereby reducing the prospect of insider threats and strengthening financial ecosystems' resilience. Creating a Secure and Scalable Future Satheesh's work is not so much about cutting costs or enhancing security but more of building a secure scalable future . His key philosophy includes ensuring security be built in-not bolted on. Consequently, through his developments related to compliance-as-code (CaC) solutions, such cumbersome and intricate approaches applied across different jurisdictions towards operational business models could be made even much smoother. This approach, therefore, not only ensures that financial institutions are complying with the latest regulatory frameworks but allows them to scale their operations in the most efficient manner, adapting to new jurisdictions and regulatory demands without compromising security. Furthermore, his innovation in privacy-aware federated learning has transformed data privacy practices in the FinTech sector. This way, Satheesh has ensured that data processing happens without exposing sensitive customer data to anyone, thereby overcoming crucial challenges in meeting global privacy standards, such as GDPR, while maintaining the integrity of financial operations. Changing the Financial World Satheesh Reddy Gopireddy's contributions to the FinTech sector are wide-ranging and impactful. His work has not only improved the efficiency of financial operations but has also empowered financial institutions to enhance their security posture. Through his innovations, Satheesh has delivered a roadmap for financial organizations to achieve operational excellence, strengthen cybersecurity, and ensure regulatory compliance, all while cutting costs and optimizing workforce management. One of his most important contributions is the integration of AI-driven automation in the DevOps lifecycle. It has allowed financial services to automate the time-consuming manual tasks, simplify complex workflows, and minimize human error. These improvements have led to a decrease in operational costs, causing a ripple effect of efficiency across the entire sector. In addition to this, his emphasize on real-time threat detection systems has helped the financial institutions keep up with cyber-actors where data is always safe and secure despite the change in the landscape of threat. These are solutions that have directly brought tangible impacts on the bottom line for a number of financial organizations, saving millions just in automation. Reducing dependencies on human resources for doing ordinary tasks has not only ensured some cost savings in labor costs but also improved organizational agility, enabling institutions to adapt faster to market demands and challenges. A Strategic Asset to the United States Beyond the technology domain, Satheesh Reddy Gopireddy's expertise serves as a strategic asset to the United States, particularly in the context of the nation's leadership in the global FinTech and cybersecurity landscape. As financial systems grow more complex and interdependent, the need for secure, scalable, and efficient technology solutions has never been greater. Satheesh's work is directly contributing to the economic growth of the FinTech sector and national security of the United States. His solutions have helped organizations face the dynamic challenges of cybersecurity, decrease financial frauds, and protect critical infrastructure. Automation and cloud security innovations will be vital for the United States to stay competitive in this increasingly digital and interconnected world. Moreover, his focus on ethical innovation resonates with the overall commitment of the nation to developing secure, transparent, and inclusive technologies. Satheesh, by promoting responsible innovation, ensures that the fruits of technological progress are not only reaped by the financial sector but also by society at large, thereby making the economic ecosystem more resilient and sustainable. Inspiring the Next Generation of Technologists Satheesh Reddy Gopireddy's journey is a powerful reminder of how technological innovation, when combined with strategic vision, can lead to transformative change. His work has laid the groundwork for a future in which FinTech is faster, cheaper, and much more secure and compliant with global standards. His unwavering commitment to automation, cloud security, and ethical technology adoption has inspired countless technologists, researchers, and industry leaders to think creatively about the future of finance. The next generation of technologists can continue to build on Satheesh's legacy by embracing these innovations and driving positive change across industries and reshaping the way financial services operate on a global scale. Satheesh's impact is a testament to the power of innovation in transforming industries. His work continues to inspire others to explore new possibilities at the intersection of technology and business, with an eye toward creating sustainable, ethical, and secure solutions for the future. Media Contact Contact Person: Satheesh Reddy Gopireddy Email: Send Email [ http://www.universalpressrelease.com/?pr=driving-transformation-in-fintech-the-visionary-contributions-of-satheesh-reddy-gopireddy ] Country: United States Website: https://www.linkedin.com/in/satish-reddy9/ This release was published on openPR.Republican senators expressed confidence in Army veteran Pete Hegseth’s confirmation as the incoming Trump administration’s defense secretary after meeting with him on Thursday. Hegseth, along with Vice President-Elect Sen. JD Vance (R-OH), met with Republican Sens. John Barrasso (R-WY), Marsha Blackburn (R-TN), Markwayne Mullin (R-OK), Bill Hagerty (R-TN), Eric Schmitt (R-MO), and Roger Wicker (R-MS). Cabinet Chaos as Gaetz Bows Out; Guest Nick Gilbertson Senators indicated that 2017 allegations of a sexual assault — that ended in no charges and that Hegseth has said stemmed from a consensual sexual encounter — would not derail his confirmation. In a statement, Barrasso, who will soon be the No. 2 Republican in the Senate, said: Pete Hegseth is a strong nominee to lead the Department of Defense. We had an excellent discussion about the need for America’s military to remain the best in the world. That means taking care of our service members, equipping them with the latest technology, and focusing on making our military the most lethal force on the planet. Pete pledged that the Pentagon will focus on strength and hard power – not the current administration’s woke political agenda. National security nominations have a history of quick confirmations in the Senate. I look forward to Pete’s hearing and a vote on the floor in January. He also posted on X: I enjoyed visiting with @PeteHegseth this morning. Pete is a strong nominee to lead the @DeptofDefense. We had an excellent discussion about the need for America’s military to remain the best in the world. I look forward to Pete’s hearing and a vote in the Senate in January. Blackburn tweeted: I just met with Vice President-Elect Vance and Secretary of Defense Nominee Pete Hegseth. Pete is a warrior, an advocate for veterans, and a well qualified nominee. He will put our enemies on notice and make our military great again. Mullin re-posted an interview he did with reporters where he told them: He’s perfect. He’s a decorated combat veteran. He’s got two bronze stars, 20 years of service. He retired as a major, and he’s a civilian. ... I think he is perfect for the position. He added, “I don’t think he has any weaknesses. I think he is very talented, and there’s a reason why President Trump trusts him. I think as he goes through this process you’re going to hear more and more about the actual what took place, and you guys will find out the guy’s a solid, solid individual. He’s the right man for the job.” Mullin also posted: As I’ve said, I trust President Trump’s judgement on picking the best cabinet nominees to serve in his administration, and @SenateGOP will process these nominees quickly. Earlier today, I visited with decorated combat vet @PeteHegseth, and look forward to getting him confirmed. Hagerty posted: Today I had an outstanding meeting with Pete Hegseth, a decorated combat veteran who put his own life on the line for America. (1/3) Pete knows that the Defense Secretary’s job is to empower the men and women of our military to carry out their patriotic duty, not consign them to serve as political pawns in a broken Washington. (2/3) A great choice by @realDonaldTrump to change Washington, and I look forward to supporting his confirmation. (3/3) According to The Hill , Sen. Rick Scott (R-FL) said he had no concerns about Hegseth and thought he would “do a great job.” Sen. Josh Hawley (R-MO) said the sexual assault allegations need “to go through the confirmation process, and let Pete — and these other folks — let them answer this stuff, you know, give them their day.” He added that Hegseth “denies it, he says there’s been no wrongdoing. But let’s hear from him.” Follow Breitbart News’s Kristina Wong on ”X” , Truth Social , or on Facebook .
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