Billion Dollar Autonomous Technology Sector Poised for Significant Revenue and Growth Opportunities
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CTV News
18 minutes ago
- CTV News
Google's Pixel 10 phones raises the ante on artificial intelligence
Google on Wednesday unveiled a new line-up of Pixel smartphones injected with another dose of artificial intelligence that's designed to do everything from fetch vital information stored on the devices to help improve photos as they're being taken. The AI expansion on the four Pixel 10 models amplifies Google's efforts to broaden the use of a technology that is already starting to reshape society. At the same time, Google is taking a swipe at Apple's Achilles' heel on the iPhone. ADVERTISEMENT Apple so far has only been able to introduce a few basic AI features on the iPhone while failing to deliver on last year's promise to deliver a more conversational and versatile version of its often-blundering virtual assistant Siri. Without mentioning the iPhone by name, Google has already been mocking Apple's missteps in online ads promoting the four new Pixel models as smartphones loaded with AI technology that consumers won't have to wait for more than a year to arrive. Google, in contrast, has been steadily increasing the amount of AI that it began to implant on its Pixels since 2023, with this year's models taking it to another level. Taking advantage of a more advanced processor, Google is introducing a new AI feature on the Pixel 10 phones called 'Magic Cue' that's designed to serve as a digital mind reader that automatically fetches information stored on the devices and displays the data at the time it's needed. For instance, if a Pixel 10 user is calling up an airline, Magic Cue is supposed to instantaneously recognize the phone number and display the flight information if it's in Gmail or a Google Calendar. The Pixel 10 phones will also come with a preview feature of a new AI tool called 'Camera Coach' that will automatically suggest the best framing and lighting angle as the lens is being aimed at a subject. Camera Coach will also recommend the best lens mode to use for an optimal picture. The premium models — Pixel 10 Pro and Pixel 10 Pro XL — will also include a 'Super Res' option that deploys a grab bag of software and AI tricks to zoom up to 100 times the resolution to capture the details of objects located miles away from the camera. The AI wizardry could happen without users even realizing it's happening, making it even more difficult to know whether an image captured in a photo reflects how things really looked at the time a picture was taken or was modified by technology. Google is also offering a free one-year subscription to its AI Pro plan to anyone who buys the more expensive Pixel 10 Pro or Pixel 10 Pro XL models in hopes of hooking more people on the Gemini toolkit it has assembled to compete against OpenAI's ChatGPT. The prices on all four Pixel 10 models will remain unchanged from last year's Pixel 9 generation, with the basic starting at US$800 and the Pro selling for $1,000, the Pro XL at $1,200 and a foldable version at $1,800. All the Pixel 10s expect the foldable model will be in stores on August 28. The Pixel 10 Pro Fold will be available starting October 9. Although the Pixel smartphone remains a Lilliputian next to the Gulliverian stature of the iPhone and Samsung's Galaxy models, Google's ongoing advances in AI while holding the line on its marquee devices raise the competitive stakes. 'In the age of AI, it is a true laboratory of innovation,' Forrester Research analyst Thomas Husson said of the Pixel. Apple, in particular, will be facing more pressure than usual when it introduces the next-generation iPhone next month. Although the company has already said the smarter Siri won't be ready until next year at the earliest, Apple will still be expected to show some progress in AI to demonstrate the iPhone is adapting to technology's AI evolution rather than tilting toward gradual obsolescence. Clinging to a once-successful formula eventually sank the BlackBerry and its physical keyboard when the iPhone and its touch screen came along nearly 20 years ago. Apple's pricing of the next iPhone will also be under the spotlight, given that the devices are made in China and India — two of the prime targets in President Donald Trump's trade war. But Apple appeared to gain a reprieve from Trump's most onerous threats earlier this month by adding another $100 billion on top of an earlier $500 billion investment pledge to the U.S. The tariff relief may enable Apple to minimize or even avoid price increases for the iPhone, just as Google has done with the Pixel 10 models. Michael Liedtke, The Associated Press
Globe and Mail
18 minutes ago
- Globe and Mail
Steel Dynamics to Acquire Remaining Stake in New Process Steel
Steel Dynamics, Inc. STLD has agreed to acquire the remaining 55% equity interest in New Process Steel, L.P. It has entered into a definitive agreement with New Process Steel for the transaction, which is subject to customary closing conditions and receipt of regulatory approvals. New Process Steel is a prominent metal and supply-chain solutions company, headquartered in Houston, TX, with an employee base of approximately 1,275 individuals. It has a long-standing relationship as a significant customer of Steel Dynamics and is currently the latter's single largest flat roll steel customer. New Process Steel's high-quality standards, along with a strong customer base, will benefit Steel Dynamics gain more exposure in value-added manufacturing solutions, while also focusing on its legacy flat rolled steel solutions. The strategic move will result in Steel Dynamics acquiring two manufacturing locations in Mexico and four in the United States, two of which are located at its Butler and Columbus Flat Roll Steel units. STLD stock has gained 12.4% over the past year against the industry 's 14.7% decline. The company expects trade uncertainties and tax impacts to mitigate. It remains hopeful that the interest rate environment will improve, unfairly traded imports will decline and the manufacturing sector will keep growing in the United States. As such, scenarios will directly support pricing and demand. Outlook remains positive. U.S. International Trade Commission's preliminary determinations on coated flat rolled steel are also poised to improve its operating platforms, although final determinations are yet to come out. STLD's Zacks Rank & Key Picks STLD currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are CF Industries Holdings, Inc. CF, Nutrien Ltd. NTR and Carpenter Technology Corporation CRS. While CF and NTR currently sport a Zacks Rank #1 (Strong Buy) each, CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CF's current-year earnings is pegged at $7.65 per share, indicating a 13.5% year-over-year earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 25.29%. CF's shares have gained 7.3% in the past year. The Zacks Consensus Estimate for NTR's current-year earnings is pegged at $4.30 per share, implying a 23.92% year-over-year surge. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing the rest. Its shares have gained 24.2% in the past year. The Zacks Consensus Estimate for CRS' fiscal 2025 earnings is pegged at $9.36 per share, indicating a rise of 25.13% from year-ago levels. The company's earnings beat the consensus estimate in each of the trailing four quarters. Its shares have soared 69.1% in the past year. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Nutrien Ltd. (NTR): Free Stock Analysis Report
National Post
18 minutes ago
- National Post
Canada Post back to bargaining after union says delays caused by unrest at Air Canada
OTTAWA — Canada Post and the union representing postal workers are set to return to the bargaining table today. Article content Article content The Canadian Union of Postal Workers claimed labour unrest at Air Canada was pulling attention from the postal service's dispute, which has stretched on for more than a year and a half. Article content Article content A few weeks ago, unionized postal workers rejected the Crown corporation's latest offer that would have included wage hikes of around 13 per cent over four years and added part-timers to the workforce. Article content Article content Canada Post is seeking a formal response from the union on those proposals and has warned the postal service is bleeding millions of dollars in business daily tied to uncertainty around collective bargaining. Article content The union says it has prepared offers that meet members' demands and is upholding a ban on overtime work in the meantime. Article content
