Elon Musk's Company Achieves Major Breakthrough
According to Neuralink, it has successfully implanted its brain-computer interface (BCI) in its eighth and ninth participants.
In addition, Neuralink revealed that both implants were done on the same day, which had never been done before.
"We successfully completed both P8 and P9 this weekend, our first time performing two surgeries in one day," Neuralink wrote. "Both participants are recovering well and in great spirits. We are looking forward to supporting them on their Neuralink journey."
Neuralink has already helped paraplegics in clinical trials, with the BCI chip enabling them to control a computer and robot arms with their thoughts. The hope is that one day the device will help those same people walk again.
But Musk also believes the implant will help those who are deaf or hard of hearing and others with dementia down the road.
"Neuralink will do life-changing good for ultimately millions, maybe billions, of people," Musk predicted. "Imagine your loved one being able to walk again or your parent with dementia being able to recognize their child again."
Completing two surgeries in one day is a big step for Neuralink, as now it'll be possible for the company to help more people in a shorter amount of time.
Whether or not Neuralink's device will be able to do what Musk says remains to be seen, but it's moving in the right direction.Elon Musk's Company Achieves Major Breakthrough first appeared on Men's Journal on Jul 21, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Sanmina Corp (SANM) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $2.04 billion, up 10.9% year over year. Non-GAAP Gross Margin: 9.1%, a 60 basis point improvement year over year. Non-GAAP Operating Margin: 5.7%, a 40 basis point improvement year over year. Non-GAAP Diluted EPS: $1.53, a 22.8% increase year over year. IMS Revenue: $1.65 billion, up 11.6% year over year. CPS Revenue: $422 million, up 8.8% year over year. CPS Non-GAAP Gross Margin: 14.7%, a 320 basis point improvement year over year. Cash and Cash Equivalents: $798 million. Free Cash Flow: $168 million for the quarter. Inventory Turns: Improved to 6.3 times from 5.1 times year over year. Non-GAAP Pretax ROIC: 24.8%, up from 21.1% year over year. Share Repurchase: 0.2 million shares for $13 million during the quarter. Fourth Quarter Revenue Outlook: $2.0 billion to $2.1 billion. Fourth Quarter Non-GAAP EPS Outlook: $1.52 to $1.62. Warning! GuruFocus has detected 4 Warning Sign with RMBS. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Sanmina Corp (NASDAQ:SANM) reported solid revenue of $2.04 billion for the third quarter, exceeding their outlook. Non-GAAP diluted earnings per share increased by 22.8% year over year, reaching $1.53. The company achieved a non-GAAP operating margin of 5.7%, at the high end of their outlook. Sanmina Corp (NASDAQ:SANM) generated strong cash flow from operations, totaling $201 million for the third quarter. The planned acquisition of ZT Systems is expected to add $5 billion to $6 billion of annual net revenue, potentially doubling Sanmina's revenue within three years. Negative Points Non-GAAP operating expenses were slightly above outlook, reflecting continued strategic investments. The automotive and transportation segment experienced some softness with slower demand. There are ongoing uncertainties related to tariffs and the geopolitical landscape, which could impact future performance. The acquisition of ZT Systems involves a significant investment in working capital, primarily inventory, which carries inherent risks. The company's guidance for the fourth quarter suggests a slowdown in year-over-year revenue growth compared to the third quarter. Q & A Highlights Q: Can you provide an update on the ZT Systems acquisition and its expected revenue impact? Is the business still experiencing declining revenues, and what are your plans to turn it around? A: Jure Sola, CEO: We remain excited about the ZT Systems acquisition, expecting it to add $5 billion to $6 billion in annual net revenue. The business is stable, and we see significant potential for growth. We are already engaging with critical customers and plan to enhance our sales force and technical support to capitalize on opportunities. The business is profitable, and we anticipate further growth post-acquisition. Q: Your Q3 showed strong growth, but Q4 guidance suggests a slowdown. Can you explain this and provide insights into fiscal 2026 expectations? A: Jure Sola, CEO: The business remains stable, and the Q4 guidance reflects a more predictable environment compared to last year's choppy conditions. We are optimistic about fiscal 2026, expecting to maintain or exceed the current growth rate, barring any unforeseen macroeconomic disruptions. Q: CPS margins improved significantly. Were there any one-time factors contributing to this? A: Jon Faust, CFO: The margin improvement was primarily due to business mix and ongoing investments. There were no one-time factors. We aim to maintain margins above 15% and continue to drive improvements across all divisions. Q: What are the risks associated with the inventory in the ZT Systems acquisition? A: Jon Faust, CFO: We have a $2 billion working capital target, primarily inventory, and have thoroughly evaluated it with AMD. While there are inherent risks, we are confident in the inventory's alignment with customer demand and forecasts. Q: With the expected revenue from the ZT acquisition, where do you see operating margins heading? A: Jure Sola, CEO: We anticipate operating margins to exceed 6%, with potential upside as we integrate ZT Systems and leverage our end-to-end solutions for data center and AI markets. We will provide more detailed guidance post-acquisition closure. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
9 minutes ago
- Yahoo
BetMGM raises 2025 forecast on strong iGaming, sports betting growth
(Reuters) -U.S. sports-betting service BetMGM, a joint venture between Entain and MGM Resorts, has raised its full-year 2025 revenue and core earnings forecast after posting a 35% rise in first-half revenue, helped by strong demand in online sports betting and its iGaming division. Growth in player volumes and engagement helped lift iGaming revenue by 28% in the first half, Entain said. Founded in 2018, BetMGM has been expanding its digital footprint to tap into the fast-growing U.S. e-betting market amid stiff competition. BetMGM now expects revenue of at least $2.7 billion and core earnings of at least $150 million in fiscal year 2025, Entain said. It had earlier forecast revenue of at least $2.6 billion, and earnings before interest, taxes, depreciation, and amortization of at least $100 million. Sign in to access your portfolio
Yahoo
9 minutes ago
- Yahoo
TFI International Inc (TFII) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...
Total Revenue Before Fuel Surcharge: $1.8 billion, down from $2 billion a year earlier. Operating Income: $170 million, representing a 9.5% margin. Adjusted Net Income: $112 million, compared to $146 million last year. Adjusted EPS: $1.34, down from $1.71. Net Cash from Operating Activities: $247 million, virtually flat with the prior year. Free Cash Flow: $182 million, up from $151 million in the second quarter of 2024. LTL Revenue Before Fuel Surcharge: $704 million, down 11% year over year. LTL Operating Income: $74 million, compared to $110 million in the prior year. LTL Operating Ratio: 89.5%, compared to 86.2% in the second quarter of 2024. Truckload Revenue Before Fuel Surcharge: $712 million, compared to $738 million a year earlier. Truckload Operating Income: $71 million, versus $81 million in the prior year. Truckload Operating Ratio: 90.1%, relative to 89% in the second quarter of 2024. Logistics Revenue Before Fuel Surcharge: $393 million, down from $442 million in the prior year. Logistics Operating Income: $38 million, compared to $51 million. Logistics Operating Margin: 9.6%, compared to 11.4% in the prior year second quarter. Funded Debt-to-EBITDA Ratio: 2.4 times. Share Repurchases: $85 million worth of shares repurchased during the quarter. Dividends Paid: $39 million, totaling $124 million of capital returned to shareholders. Third Quarter 2025 EPS Outlook: Expected range of $1.10 to $1.25. Net CapEx Expectation for Full Year: Approximately $200 million. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points TFI International Inc (NYSE:TFII) reported strong free cash flow of $182 million, significantly above the previous year's $151 million. The company maintained a strong balance sheet and further strengthened it through a private placement bond offering. TFI International Inc (NYSE:TFII) achieved a 9.5% operating margin, an improvement from the previous year's 2.5%. The company repurchased $85 million worth of shares and paid out $39 million in dividends, returning a total of $124 million to shareholders. TFI International Inc (NYSE:TFII) implemented technology tools like Optum to improve efficiencies and reduce costs, particularly in linehaul operations. Negative Points Total revenue before fuel surcharge decreased to $1.8 billion from $2 billion a year earlier. Adjusted net income fell to $112 million from $146 million in the previous year, with adjusted EPS dropping from $1.71 to $1.34. The LTL segment saw a decline in revenue and operating income, with an operating ratio increase from 86.2% to 89.5%. Truckload segment revenue and operating income also decreased, with tariff-related uncertainties affecting demand. Logistics segment revenue and operating income declined, with a decrease in operating margin from 11.4% to 9.6%. Q & A Highlights Q: Can you remind us what is the margin ceiling you can achieve with further internal actions before the cycle starts to help you out on the LTL side? A: Alain Bedard, CEO, explained that TFI is very cost-sensitive and has implemented tools like Optum for linehaul and P&D to reduce costs. They have reduced linehaul miles on the rail from over 30% to closer to 20% and aim to further decrease this. Improvements in claims and safety are also targeted, with new hires to enhance safety culture. AI is being explored to reduce labor intensity and costs. Q: Can you give us a little more color on the Q3 guidance, $1.10 to $1.25, and the margin assumptions there? A: David Saperstein, CFO, stated that the guidance is based on historical seasonality, with expected sequential declines in margins across divisions. The company aims to offset some of this with idiosyncratic opportunities. Q: Are you seeing any signs that the macro environment could start to improve in the front half of '26? A: Alain Bedard, CEO, expressed optimism that the new US budget could revive industrial investment, potentially ending the freight recession. However, concrete improvements have not yet been seen, and any recovery might be more evident in late '25 or early '26. Q: Can you talk about the sustainability of the free cash flow? A: Alain Bedard, CEO, emphasized TFI's strong cash generation, even in difficult macro conditions. The company aims to maintain this by focusing on asset-light models, particularly in the US, and expects free cash flow to potentially reach close to $1 billion in a normal environment. Q: Are there any plans for M&A in the LTL sector, given the improvements seen this quarter? A: Alain Bedard, CEO, stated that while M&A for LTL is not currently on the table, the company aims to prove control over TForce Freight first. If successful, they might consider larger transactions in 2026, but for now, they focus on buying back TFI shares. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
