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Nanonets Raises $29M from Accel to create Autonomous AI Agent for back office operations

Nanonets

Nanonets, a leading AI-based workflow automation platform, raised $29 million in a Series B funding round led by Accel. The funding round also saw participation from existing investors Elevation Capital, YCombinator and others. This takes the total funding raised till date to $42M. Over the last 2 years, Nanonets has seen extensive growth in their customer base, with over 34% of the Global Fortune 500 companies having used their AI-based workflow automation platform across Finance, Accounting, Operations and several other business use-cases. Their user base has grown 4x in the last 12 months. "The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms. Email, PDF contracts, whitepapers, etc. There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it” said Sarthak Jain, CEO and Co-Founder of Nanonets. A majority of Nanonets’ revenue comes from automating finance processes such as Accounts Payable, Reconciliation, etc. A typical invoice takes 15 minutes to process manually, with processes such as entering an invoice into the ERP, matching against the purchase order, GL-code lookup followed by approvals; Nanonets brings this down to under a minute. Nanonets’ primary innovation is their ability to guarantee Straight Through Processing (STP), the percentage of data processed without any manual intervention. Other Generative LLMs tend to struggle with STP due to data hallucinations, hindering the large-scale adoption of Autonomous Agents for end-to-end tasks. The Turing test has evolved from humans being unable to differentiate an AI in conversation to humans being unable to differentiate an AI in performing tasks. Nanonets' Autonomous agents excel at performing tasks end-to-end. Additionally, their models, unlike other LLMs, learn instantly from new information, eliminating the need for complex training. Processing millions of documents monthly, Nanonets delivers over 90% STP rate, leading to significant productivity and cost savings. Abhinav Chaturvedi, partner at Accel, said, “We are thrilled to partner with Nanonets in their mission to revolutionize back-office operations with AI. Sarthak and his team have been dedicated to getting to the bottom of customer pain-points, and have built a powerful solution that fully automates business processes end-to-end. Nanonets stood out to us due to its comprehensive platform and its capability for Straight Through Processing (STP)- these qualities set Nanonets apart in the field of automation and have already demonstrated their positive impact to customers." About Nanonets Nanonets is a leading provider of intelligent automation solutions, revolutionizing business processes across industries. With a no-code platform and learnable decision engines, Nanonets enables organizations to make faster decisions and achieve unprecedented efficiency. Founded by Sarthak Jain and Prathamesh Juvatkar in 2017, Nanonets is headquartered in San Francisco. Learn more at https://nanonets.com About Accel Accel is a global venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Investing in India for more than a decade, they have been the first, or among the earliest partners to many category-defining startups such as: Acko, Blackbuck, BrowserStack, Chargebee, CultFit, FalconX, Infra.Market, Moglix, Spinny, Swiggy, UrbanCompany, Zetwerk, and others. Accel helps ambitious entrepreneurs build innovative and durable businesses. More at https://www.accel.com/india-home Contact Details Nanonets Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://nanonets.com/

March 12, 2024 09:00 AM Eastern Daylight Time

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QuantaSing Group Posts Double-Digit Growth In Revenue, Registered Users In Fiscal Q2 Driven By Growing Demand For Its Senior Courses

QuantaSing

By Meg Flippin, Benzinga QuantaSing Group Ltd. (NASDAQ: QSG), the Chinese online learning service provider, posted double-digit revenue growth in Q2 of fiscal year 2024, buoyed by growing demand for the company’s courses aimed at seniors. For the three months ended December 31, 2023, QuantaSing reported revenue of RMB 980.5 million ($138.1 million), up 24.7% year-over-year. Net income in the quarter was RMB 107.6 million ($15.2 million). That compares to a net loss of RMB 41.4 million in the year-ago fiscal second quarter. The growth seen in the quarterly results was driven by a 44.6% increase in total registered users to 112.4 million from 77.8 million as of December 31, 2022. Paying learners increased 24.2% year-over-year to about 0.4 million. Looking out to the full fiscal year 2024, QuantaSing expects revenue to come in between RMB 900 million to RMB 930 million, representing a year-over-year increase of 11.5% to 15.2%. Capitalizing On The Aging China Population QuantaSing is one of the largest providers of online education for adults in China, focusing on both the learning and personal interest markets. Using cutting-edge technology including livestreaming and artificial intelligence, QuantaSing provides seniors with easy-to-understand, affordable and accessible online courses. It’s capitalizing on the aging population in China, which is growing at such rates the World Bank designated it a “super-aged society.” As of 2023 China had more than 297 million residents aged 60+, accounting for 21.1% of the total population. This group has money to spend and is on a quest to pursue hobbies and continuing education opportunities. It’s one of the reasons why the “silver economy” is valued at around RMB 7 trillion ($982 billion), and is forecast to surge to RMB30 trillion ($4.2 trillion) by 2035, according to China National Radio. “The evolving needs and desires of middle-aged and elderly people in China represent a significant opportunity for us,” Peng Li, Chairman and Chief Executive Officer of QuantaSing, said on a conference call to discuss second-quarter results with investors and analysts. “Last quarter, we saw a solid 24.7% increase in revenue, proving that our strategy to expand our course offerings is paying off. We are seizing the opportunity presented by growing demand for courses made for senior learners.” Livestreaming E-commerce And AI To boost its offering, QuantaSing has poured resources into several initiatives including integrating senior learning with livestreaming e-commerce and leveraging artificial intelligence to meet the strong demand it is seeing. Its livestreaming business, which it launched in June 2023, is initially focused on Chinese liquor. In its fiscal first quarter, QuantaSing’s live e-commerce business generated RMB 41.9 million in Gross Merchandise Value (GMV ). With a specialized team creating apps and AI tools, the company is looking for global opportunities and is adding staff to the team toward that end. QuantaSing plans to open AI offices in Hong Kong and Singapore shortly and is developing its own AI tools. QuantaSing isn’t the only learning platform company going after seniors in China. But it's trying to become the app older adults go to for all their learning. The idea is to become synonymous with senior learning in China similar to what Duolingo Inc. (NYSE: DUOL) did for learning a new language, Khan Academy has done for virtually educating students and Udemy Inc. (NASDAQ: UDMY) has done for business learning. That goal is being aided by the government in China, which recently introduced measures to strengthen the silver economy, such as urging enterprises to enhance their offerings for older adults including revamping apps and websites and creating standards for senior-friendly mobile devices. That will benefit QuantaSing as it should enhance the learning experience for its users from a hardware perspective, Li said during the earnings call. Streamlining Operations In addition to churning out new courses and offerings for seniors, the company is also overhauling how it recruits and retains new learners with an eye toward cutting costs. For instance, it recently upgraded its integrated business management process and now conducts pilot testing before rolling out new classes. It also now enables tutors to more easily manage tasks like one-click class reminders. Those efforts are paying off. The company said course completion rates and overall repurchases have increased. The repurchase rate for its standing mediation course, as one example, has increased to 32.8% in December 2023 from 18.4% in September. The goal is to streamline the operation system across all its courses. “As living standards improve, middle-aged and elderly people seek more than just health or longevity. They want experiences that will provide cultural and intellectual enrichment. Our diverse range of online courses includes many which are tailored to the interests of these demographics,” said QuantaSing’s CEO. “Our platform is dedicated to lifelong learning, and we have always emphasized user engagement and satisfaction. This means we are well equipped to fulfill user desire for intellectual stimulation and personal growth.” Featured photo by Alexander Schimmeck on Unsplash. QuantaSing is a leading online service provider in China dedicated to improving people’s quality of life and well-being by providing lifelong personal learning and development opportunities. The Company is the largest service provider in China’s online adult learning market and China’s adult personal interest learning market in terms of revenue, according to a report by Frost & Sullivan based on data from 2022. By leveraging its proprietary tools and technology, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners, empowering users to pursue personal development. Leveraging its extensive experience in individual online learning services and its robust technology infrastructure, the Company has expanded its services to corporate clients, and diversified its operations into its e-commerce business and its AI and technology business. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Leah Guo ir@quantasing.com Company Website https://ir.quantasing.com/

March 12, 2024 08:45 AM Eastern Daylight Time

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Knightscope (NASDAQ: KSCP) Is Making A Splash In The Robotic Industry With Revenue Increases Year Over Year

Benzinga

By Faith Ashmore, Benzinga Knightscope (NASDAQ: KSCP), a technology company ushering in the dawn of Autonomous Security Robots (ASRs), is entering 2024 after what it reports was a successful 2023; the company’s 10th year in business. Founded in 2013, Knightscope anticipated the growth of AI and robotics and got into the space early, setting the company on a path toward becoming a major player. Knightscope’s record has garnered attention across the nation. The company has consistently increased its revenue; in 2021 it reached $3.4 million, followed by $5.6 million in 2022, and the company believes the final amount for 2023 reached between $12-13 million in growth. Once confirmed, the company will have demonstrated consistent growth. One of the company’s most notable achievements in 2023 was its partnership with the NYPD, which placed its ASRs in the New York City subway system. However, Knightscope’s high-profile partnership with the NYPD is only part of the company’s success as interest grows in using ASRs to increase public safety. In 2023, Knightscope expanded into various industries including commercial real estate, universities, healthcare and casinos, among others. In the fall of 2023, a California community college invested over $1.5 billion in updating its facilities, including its safety and security measures. Knightscope was chosen as the vendor to replace the college's outdated emergency phone system with K1 Blue Light Towers. Now, the college has installed a total of 26 Towers and is adding six more to enhance its operations. Knightscope has also made strides in hospitality – they have secured contracts with hotels in Portland, Oregon, where their K5 Autonomous Security Robots will patrol the parking areas to ensure the safety of guests, employees and visitors. Last year saw more casinos partner with Knightscope; two casinos in Louisiana, located in Shreveport and Bossier City signed contracts to utilize Knightscope's K5 ASRs, making it the first ASR contract in the state. Those contracts added to ASRs already deployed in Nevada, Iowa, Illinois and California. The K5 ASR has been welcomed in the casino space as it greets guests with a friendly voice and provides an additional set of eyes and ears for the human security team. The company’s recent announcement of receiving its Authority to Operate (ATO) from the Federal Risk and Authorization Management Program (FedeRAMP), opens the door, the company believes, to billions in increase to its TAM (Total Addressable Market). The first deployment is planned with the U.S. Department of Veterans Affairs. While the company has a proven track record of signing new contracts and expanding its reach with new clients, it has also demonstrated that existing clients stay on board and extend their contracts, given that multiple clients of the company renewed their contracts in 2023, including a Fortune 500 company. The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 by 2030, with a CAGR of 15% from 2022-2030. Knightscope seems well-positioned to capitalize on this growth and continue to increase its consumer base. Click here to read more about the company’s future plans from CEO William Santana Li. Featured photo courtesy of Knightscope. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 12, 2024 08:30 AM Eastern Daylight Time

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XLF – Much More Than Just Money Center Banks

Select Sector SPDR

The Financial SPDR ETF (XLF) offers investors effective access to the largest U.S. financial companies. By tracking an index of S&P 500 financial stocks, XLF provides an opportunity for investors to diversify their portfolios and tap into the potential of the financial sector. XLF is weighted by market cap, meaning the larger the financial institution, the heavier the weighting. This structure ensures investors are gaining exposure to the most influential players in the sector. The ETF has proven to be a robust investment vehicle at the heart of the sector, offering a blend of large cap stability and the potential for growth. It's not just banks, XLF offer significant exposure to the credit card industry, capitals markets and insurance. Key holdings* include: Berkshire Hathaway (13.40%) JP Morgan Chase (9.68%) Visa A (8.11%) Mastercard A (7.07%) Bank of America (4.28%) Wells Fargo (3.63%) S&P Global (2.50%) Goldman Sachs (2.28%) American Express (2.27%) BlackRock (2.04%) These holdings represent a diverse cross-section of the financial sector, from banking and insurance to investment services. Each company brings its unique strengths and strategies to the table, providing investors with a balanced exposure to the sector. The Financial Select Sector SPDR Fund ( XLF ) is a passively managed ETF that's broadly diversified, offering investors access to a wide range of investment opportunities. Investors can unlock access to these holdings with XLF, making it easy for anyone interested in the financial sector to get started. With its diverse holdings and accessible structure, XLF offers investors the chance to participate in the sector's potential growth and evolution. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings & Weightings as of 2/29/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007354 EXP 4/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

March 12, 2024 05:00 AM Eastern Daylight Time

Comcast Texas Commits More Than $1M to Shrink Local Digital Divide in 2024

Comcast Texas

HOUSTON, TX (March 12, 2024) – Comcast Texas, the Houston area's largest internet service provider, will commit more than $1 million to shrink the local digital divide this year by supporting digital skills training programs, adding more Wi-Fi connected Lift Zones and providing grants to dozens of organizations that help thousands of people. The investment is part of Comcast’s Project UP – a comprehensive $1 billion initiative to advance digital opportunities across the nation and help build a future of unlimited possibilities. Digital Skills in the Workforce Over 90% of jobs available today require digital skills, yet nearly one-third of U.S. workers lack opportunities to build these skills. In 2024, Comcast Texas will continue to fund programs that teach the tech skills needed to land a job and stay competitive in the changing marketplace. Expanding WiFi-Connected Lift Zones and Programming Lift Zones are spaces in neighborhood community centers that provide free Internet access for students and families. In 2024, Comcast Texas will activate a number of new Lift Zones in the surrounding Houston area. There are 53 Lift Zones that serve southeast Texas students and families. In addition to new Lift Zones, additional programming will be added to locations that focus on skills and workforce development. Connectivity & Adoption Grants Connectivity programs give individuals, families and community partners the right tools and resources to take advantage of the Internet. Adoption programs teach the skills needed to increase competency and confidence in technology to use it proficiently. In 2024, Comcast Texas will provide hundreds of thousands of dollars in grants to fund connectivity and adoption programs. “This investment in our communities will literally change generations of southeast Texas families,” said Jose Espinel, Comcast Texas’ Regional Senior Vice President. “Everyone deserves a chance to participate in the digital economy. You can’t do that without the resources and skills to use the Internet. Our commitment will ensure that people from all backgrounds can connect to the moments that matter most.” Comcast Texas’ 2024 grant funding and other support to local organizations will be announced throughout the year. Additional support will be considered for local organizations that raise awareness about connectivity programs like Internet Essentials, a low-cost, high-speed Internet plan for qualifying households ($9.95/mo for up to 50 Mbps, or $29.95/mo for up to 100 Mbps). Internet Essentials also provides low-cost computers, free WiFi hotspots, and free internet training. About Comcast Corporation: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. About Project UP: Project UP is Comcast Corporation’s comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. Backed by a $1 billion commitment to reach tens of millions of people, Project UP encompasses the programs and community partnerships across Comcast, NBCUniversal, and Sky that connect people to the Internet, advance economic mobility, and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators. Contact Details Ilona Carson +1 346-624-2074 Ilona_Carson@comcast.com Company Website https://houston.comcast.com/

March 11, 2024 04:15 PM Central Daylight Time

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HTX Launches Open Beta Test for "Trade to Earn" Event, A New Chapter in Rewarding Users

HTX

HTX, the leading cryptocurrency exchange, today announced the launch of the open beta test for its "Trade to Earn" event, heralding a new page of user rewards and engagement. Open to all users, including platform traders, market makers, and API traders, this event aims to revolutionize the trading experience while offering substantial rewards to its community. During the test period from March 11 to March 14, participants stand to receive generous $HTX as rewards through spot trading of BTC/USDT. This event provides users with a unique opportunity for asset growth and contributes to the stable appreciation of $HTX. The actual $HTX amount participants can receive is calculated based on their trading fees paid, order types, and reward ratio. For detailed information, please refer to the official announcement on HTX. Highlights: ● Open to all users, with customized offerings for market makers to reap lucrative rewards. ● Participants receive $HTX with the amount exceeding their fee expenditure, enabling them to experience negative fee trading. ● No lock-up restrictions for $HTX earned from the event, withdrawable at any time. ● Every day, a substantial prize pool awaits. The introduction of the "Trade to Earn" open beta test underscores HTX's commitment to enhancing users' trading experience. Following the conclusion of the beta period, HTX will soon kick off the official event with an even more substantial prize pool daily. Additionally, all daily trading fees generated from the BTC/USDT pair will be fully utilized for $HTX buybacks to support stable appreciation. All $HTX acquired through buybacks will be entirely burned! HTX remains dedicated to providing secure, convenient trading services while driving innovation to propel the cryptocurrency industry forward. We look forward to collaborating with users worldwide to establish HTX as the people's exchange and explore the limitless potential of cryptocurrency. Official Announcement: https://www.htx.com.kg/support/en-us/detail/24963611354648 About HTX Exchange Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable the exchange to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 11, 2024 11:07 AM Eastern Daylight Time

Kaspa Partners with Lionsgate Network to Trace and Recover Lost Crypto Amid Bitcoin's Surge Towards All-Time High

Lionsgate Network

As Bitcoin surpasses its previous all-time high, the cryptocurrency community braces itself for new milestones. In the midst of this anticipation, Kaspa Blockchain, a leading digital asset management platform, has forged a groundbreaking partnership with Lionsgate Network, an Israeli blockchain agency, renowned for its expertise in complex intelligence services and recovering crypto currencies. This alliance is poised to revolutionize the landscape for Kaspa members who have been victimized by cryptographic attacks over the past septennial. Leveraging Lionsgate Network's unparalleled capabilities, Kaspa aims to recover the plundered digital assets of its members, offering them a beacon of hope in the face of adversity. " The timing of this partnership couldn't be more significant, " remarks Bezalel Eithan Raviv, CEO of Lionsgate Network. " As Bitcoin reaches its peak, cryptocurrency embezzlement and scams hit new highs showing a clear correlation, the need for robust security measures and recovery solutions becomes paramount. Kaspa's community makes it the ideal partner to embark on this journey” Through Lionsgate Network's sophisticated approach and Kaspa's commitment to safeguarding its members' investments, individuals who have fallen victim to crypto-related thefts will now have access to cutting-edge resources for asset recovery, while utilizing the KAS token, currently valued at $0.1581 with a staggering 1201.52% increase over the past year, to fund the recovery process and secure their future investment. "In the wake of Kaspa's rapid growth and the integration with Lionsgate Network, the cryptocurrency community can now enjoy a higher level of security and confidence," said N. R. Crowningshield, author of “The Book of Kaspa” and Kaspa spokesperson. "Blockchain analysis services are essential in an era where advanced recovery solutions for digital assets are in critical demand." In an era where the cryptocurrency market is characterized by unprecedented growth and innovation, the collaboration between Kaspa and Lionsgate Network exemplifies a shared commitment to resilience, security, and the protection of investors' interests. Kaspa and Lionsgate Network stand at the forefront, poised to redefine the narrative of security and trust in the digital asset ecosystem. About Lionsgate Network Lionsgate Network, an Israeli private blockchain intelligence agency, specializes in providing customized and intricate analysis and intelligence services for prominent individuals, corporations, and governments. Their intelligence operations resulted in freezing over $90 million in Hamas-affiliated crypto wallets and assisting the US in releasing crypto associated with organized crime, demonstrating their dedication to combating illicit finance and enhancing global security. About Kaspa Kaspa is the fastest and most scalable instant confirmation transaction Layer-1 built on proof-of-work. Using the GHOSTDAG (Greedy Heaviest Observed SubTree Directed Acyclic Graph) protocol, a scalable generalization of the Nakamoto Consensus, Kaspa circumvents the traditional security-scalability-decentralization tradeoff, enabling high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Contact Details Colin Landers colin@energentmedia.net Company Website https://lionsgate.network/

March 11, 2024 09:00 AM Eastern Daylight Time

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News Release

Four Stocks Set to Gain With The Rise of AI

SKYX, MBLY, SOUN, NVDA

Artificial intelligence (AI) continues its dominance in the markets, propelling tech stocks to unprecedented heights and captivating the attention of investors, media, and government alike. As we transition into 2024, the allure of AI remains unyielding, with companies steadfastly positioning themselves to harness the immense growth potential of this revolutionary technology. The surge of investments in generative AI and AI-related startups, totaling close to $50 billion, underscores the growing enthusiasm for AI and its myriad applications in modern society. From OpenAI's ChatGPT AI chatbot to GitHub's Copilot AI code generation software and Google's Gemini AI model, the world has witnessed remarkable advances in AI technology, reshaping industries and challenging traditional paradigms. Indeed, artificial intelligence, automation, and robotics are disrupting virtually every sector, compelling companies to embrace AI-driven solutions or risk obsolescence. Machine learning, large language models, smart applications, digital assistants, synthetic media software, and autonomous vehicles represent just a glimpse of the transformative power of AI. As we navigate the evolving landscape of AI, it's clear that companies with AI and automation at the core of their business strategies are poised to thrive in the age of digital disruption. Let’s check out four stocks poised to gain from the rise of AI. SKYX Platforms Corp. (NASDAQ: SKYX) is at the forefront of integrating advanced technology into everyday living spaces, aiming to make homes and buildings safer, smarter, and more efficient. With a robust portfolio of 77 U.S. and global patents and patent-pending applications, SKYX boasts a comprehensive suite of platform technologies designed to revolutionize the way we interact with our environments. The cornerstone of SKYX's innovation lies in its commitment to high-quality and user-friendly designs, spanning various domains from lighting to home décor. In September 2023, SKYX achieved a significant milestone with the issuance of five new utility patents in the U.S. and international markets, solidifying its position as a trailblazer in advanced and smart technologies. One of SKYX's most notable achievements is its initiative to standardize safety with the National Electrical Code (NEC), revolutionizing electrical installations and enhancing overall safety standards. Spearheaded by industry leaders Mark Earley and Eric Jacobson, SKYX's code team is dedicated to mitigating hazards and ensuring unparalleled safety across residential and commercial environments. Financially robust, SKYX boasts $23.7 million in cash, cash equivalents, restricted cash, and investments, providing a solid foundation for growth and innovation as of June 30, 2023. The renewal of a five-year global licensing master service agreement with GE Technology Development, Inc. further amplifies SKYX's reach and influence in the industry, enabling effective monetization of its technologies while safeguarding intellectual property rights. At CES 2024, SKYX unveiled its patented All-In-One Smart Platform, a groundbreaking solution designed to transform homes into smart living environments seamlessly. This comprehensive platform integrates scheduling, energy-saving modes, and emergency functionalities, offering unparalleled convenience and efficiency. In addition to its technological advancements, SKYX's commitment to safety and innovation extends to its proprietary patented platform technologies for smart home and electrical installations. Notably, SKYX’s Sky Plug-Smart technology revolutionizes electrical installations with its "plug and play" installation of weight-bearing electronics, significantly simplifying and enhancing safety standards. The inclusion of the Sky Ceiling Receptacle in the NEC Code Book marks a significant milestone, reinforcing SKYX's commitment to safety and innovation. The receptacle's unique design reduces potential exposure to wires and streamlines installation processes, setting a new standard for electrical installations. With endorsements from professional bodies like ANSI/NEMA and the American Institute of Architects, SKYX's proprietary technology is poised to become the new standard for home and building electrical installations. For investors seeking opportunities in AI and smart home technology, SKYX presents a compelling investment opportunity. Its disruptive technologies, strategic partnerships, and relentless pursuit of innovation position SKYX as a frontrunner in the smart living revolution, promising unparalleled safety, convenience, and efficiency for generations to come. Mobileye Global Inc. (NASDAQ: MBLY) is at the forefront of advanced driver assistance systems (ADAS) and autonomous driving solutions, positioning itself as a leader in the rapidly evolving automotive technology landscape. With its innovative Driver Assist and Cloud-Enhanced Driver Assist solutions, Mobileye sets the standard for safety and efficiency on the road. The company's SuperVision technology represents the pinnacle of ADAS, offering hands-off capabilities for lane changes, acceleration, deceleration, and point-to-point navigation in autonomous vehicles. Analyst Itay Michaeli of Citigroup projects a bullish outlook for Mobileye Global stock, with a potential triple to $72 per share. The company's profitability during the fourth quarter underscores its financial strength and ability to sustain growth amidst economic uncertainties. Mobileye's dominance in the ADAS market, controlling nearly 70% of global market share, makes it a compelling investment opportunity for AI enthusiasts. Its cutting-edge systems leverage cameras, sensors, and proprietary EyeQ computer vision chips to deliver assisted parking, single-lane cruising, and other semi-autonomous features to vehicles. The latest SuperVision release boasts impressive figures, with 4Q23 revenues reaching $637 million, representing a 13% year-over-year growth. Notably, Mobileye successfully diversified its revenue streams across a wide range of OEMs and geographic regions, signaling robust market penetration and demand for its technologies. While Mobileye's innovative solutions and strong financial performance position it for long-term success, potential economic headwinds pose challenges to achieving the $72 price target in 2024. Nevertheless, with its track record of technological innovation and market leadership, Mobileye Global Inc. remains a formidable player in shaping the future of autonomous driving and smart mobility. Investors keen on tapping into the burgeoning automotive technology sector may find Mobileye Global Inc. to be a compelling investment opportunity, offering exposure to the transformative potential of ADAS and autonomous driving technologies in the years ahead. SoundHound AI Inc (NASDAQ: SOUN) is a global leader in conversational intelligence, empowering businesses with innovative voice AI solutions that revolutionize customer interactions across various industries. With its proprietary technology, SoundHound delivers unparalleled speed and accuracy in multiple languages, catering to automotive, TV, IoT, and customer service sectors. Groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction redefine customer service standards, while SoundHound Chat AI integrates Generative AI to power millions of products and services worldwide. In its recent 8-K filing on February 29, 2024, SoundHound announced record-breaking Q4 revenue of $17.1 million, marking an impressive 80% increase year-over-year. Moreover, the company demonstrated a remarkable 80% improvement in adjusted EBITDA, showcasing its financial strength and operational prowess in the voice AI industry. Despite facing challenges reflected in net loss figures, SoundHound's strategic initiatives, including the integration of new generative AI capabilities and the acquisition of SYNQ3, position it as a dominant force in the market. The company's relentless investments in research and development, alongside robust sales and marketing efforts, underscore its commitment to innovation and market expansion. Looking ahead, SoundHound anticipates continued growth, projecting full-year 2024 revenue to range between $63 to $77 million, with a midpoint target of $70 million. With an ambitious 2025 outlook, SoundHound aims to exceed $100 million in revenue while achieving positive adjusted EBITDA, reflecting CEO Keyvan Mohajer's confidence in the company's trajectory. CFO Nitesh Sharan emphasizes SoundHound's strong finish to the year and readiness to meet surging customer demand for AI solutions. SoundHound AI Inc's commitment to innovation and delivering real commercial value positions it as a frontrunner in shaping the future of conversational intelligence. NVIDIA (NASDAQ: NVDA) stands as a trailblazer in accelerated computing, reshaping industries since its inception in 1993. The company's groundbreaking invention of the GPU in 1999 revolutionized PC gaming, redefined computer graphics, and ushered in the era of modern AI, fueling industrial digitalization across markets. In recent years, NVIDIA has emerged as the poster child for AI, experiencing a remarkable surge in its stock price, which has soared by 260% since last March. With an estimated 90% market share in AI chips, NVIDIA has cemented its position as a leader in the field. The increased demand for AI services has propelled the sales of NVIDIA's GPUs, essential for training AI models. As a result, the company has experienced substantial growth, with revenue soaring by 265% year over year to $22 billion in the fourth quarter of 2024. Operating income witnessed a staggering 983% jump, reaching nearly $14 billion, fueled by a remarkable 409% increase in data center revenue, reflecting a surge in AI GPU sales. NVIDIA's impressive performance speaks volumes about its dominance in the AI landscape and its ability to capitalize on the growing demand for GPU-accelerated computing. As the demand for AI services continues to rise across various industries, NVIDIA remains well-positioned to drive innovation and shape the future of accelerated computing. CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by SKYX Platforms Corp. to assist in the production and distribution of content related to SKYX. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://CapitalGainsReport.com

March 11, 2024 05:00 AM Eastern Daylight Time

A Call to Action: Revitalizing U.S. Maritime Security for Global Stability and Prosperity

MAR LLC

Rarely is there a day without international shipping in the news. From Yemen's Houthi militants attacking shipping in the Red Sea, maritime food blockades around Ukraine, rising hostilities in the South China Sea, drought reducing traffic through the Panama Canal by almost 50%, global shipping is receiving more attention than ever before. And yet barely four years after the COVID-19 pandemic, supply chain crunch, blockade of the Suez Canal by the containership Ever Given, the vulnerabilities of the maritime transportation system remain and more needs to be done to protect American interests. ZERO POINT FOUR sheds light on the industry in a way that has never been done before. Bold new solutions are called for and revealed from this cutting analysis after years of working on the front lines of the shipping crisis. If you want to get a strong understanding of why the U.S. remains vulnerable to supply chain risks and a shortage of military sealift support, then this book is required reading. After years of extensive research, The Maritime Accelerator for Resilience (MAR) released the findings of its landmark study in a book entitled ZERO POINT FOUR, spearheaded by Rear Admiral James Watson (USCG Ret.) and an esteemed panel of maritime, security, ocean and supply chain experts. This critical analysis delves into the challenges and strategic imperatives facing U.S. maritime security, emphasizing its indispensable role in global commerce, national defense, and international peacekeeping and offering near, medium and long term leadership opportunities to mitigate America’s vulnerabilities. In an era marked by complex global challenges, the U.S. maritime sector's decline to a mere 0.4% of the global oceangoing commercial fleet signifies not just a loss of commercial prominence but also a critical vulnerability in national security and global economic stability. ZERO POINT FOUR offers a stark examination of the consequences of diminished U.S. influence on the seas, from eroding economic competitiveness to heightened risks in global supply chains, energy dependence, and environmental sustainability. The book highlights five key principles around security—national, economic, energy and food, climate, and workforce-- and outlines a visionary framework for action, advocating for strategic investments in maritime infrastructure, technological innovation, and a revitalized maritime workforce. These initiatives aim to restore the U.S. as a global maritime leader, ensuring the safety, efficiency, and sustainability of international shipping lanes crucial for the flow of trade, energy, and resources worldwide. Furthermore, ZERO POINT FOUR calls for enhanced international maritime cooperation to tackle piracy, illegal fishing, and environmental hazards, reinforcing the U.S. commitment to upholding the rule of law on the high seas and fostering a climate of global peace and cooperation. The impetus for the book came from the author’s recognition of the US’s vulnerability in maritime security, and its impact on all aspects of American life. From the post-World War II period when 50% of all oceangoing commercial vessels were under the US flag to today’s 0.4%, an unsustainable shift of power and influence has occurred which needs to be remedied. In addition to Rear Admiral Watson, authors include maritime mavens Carleen Lyden Walker and Captain Anuj Chopra, technology and sustainability economist Nishan Degnarain, cyber security, physical security, and enterprise resilience veteran Rich Mason, and global supply chain specialist Jonothan Kempe. The Maritime Accelerator for Resilience urges all stakeholders — government officials, industry leaders, and the public — to unite behind these proposals. By doing so, the U.S. can secure a future where its maritime domain not only thrives but also serves as a cornerstone for global trade, environmental stewardship, and international peace. ZERO POINT FOUR is available for purchase on Amazon using this LINK. The Maritime Accelerator for Resilience (MAR LLC) is a U.S.-based maritime organization operating as a maritime policy accelerator and is dedicated to propelling the U.S. maritime industry into a new era of innovation, security, and global leadership. Collaborating with influential figures in shipping, ocean policy and innovation, MAR aims to advance policy, technology, and operational strategies that enhance maritime resilience and competitiveness. Our vision is to motivate the U.S. maritime industry to global competitiveness, navigating challenges and embracing opportunities in the next decade. For more details, visit: www.maritimeresilience.org Contact Details MAR LLC Carleen Lyden Walker +1 203-260-0480 carleen.lw@maritimeresilience.org

March 11, 2024 01:00 AM Eastern Daylight Time

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