Thanks for Your $1 Billion Job Offer, Mark Zuckerberg. I'm Gonna Pass.
When she said no, the Meta chief executive responded by launching a full-scale raid. In the following weeks he approached more than a dozen of Murati's roughly 50 employees to sound them out about jumping ship. His chief target: Andrew Tulloch, a leading researcher and co-founder at the startup.
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Yahoo
18 minutes ago
- Yahoo
Automotive Turbocharger Market to Reach US$38.15 Billion by 2033
Automotive turbocharger market is currently thriving on the dual demand for enhanced fuel efficiency and high performance. Driven by strict emissions regulations, OEMs are universally adopting advanced turbo systems, particularly in expanding hybrid and downsized gasoline engine applications. Chicago, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The global automotive turbocharger market was valued at US$ 16.72 billion in 2024 and is expected to reach US$ 38.15 billion by 2033, growing at a CAGR of 9.6% during the forecast period 2025–2033. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Industry titans are cementing their positions through high-value, long-term supply agreements. These deals highlight a clear trajectory towards hybrid applications and smaller, more efficient gasoline engines. BorgWarner has been particularly aggressive, securing a contract to supply wastegate turbochargers for a major OEM's 1.0-liter gasoline engines in Europe, with production set to begin in August 2027. Further demonstrating its hybrid focus, the company also won a high-performance turbocharger program for a 3.0-liter gasoline hybrid application in North America, with production commencing in September 2028. This momentum is sustained by extended contracts for midsized gasoline engines with a major North American OEM, ensuring production continues through 2028 and beyond. Download Sample Pages: The company's global reach is evident in a significant contract with a major East Asian OEM to supply turbochargers for their 1.6L engine for hybrid electric vehicle (HEV) SUVs. This deal builds upon a robust 18-year partnership with the customer. Production for this East Asian contract is scheduled to begin in 2027 at BorgWarner's Pyongtaek facility in Korea. These strategic victories solidify revenue streams and underscore the trust OEMs place in established players within the competitive automotive turbocharger market. Key Findings in Automotive Turbocharger Market Market Forecast (2033) US$ 38.15 billion CAGR 9.6% Largest Region (2024) Europe (37.8%) By Turbo Type Twin Turbo (26.70%) By Vehicle Type Passenger Vehicle (56.90%) By Propulsion Diesel (47.30%) By Distribution OEM (83.20%) By Propulsion Type Diesel (47.3%) By Distribution Channel OEM (83.26%) Top Drivers Stringent global emissions standards mandate more efficient engine technologies. Engine downsizing trend to improve fuel economy remains prevalent. Growing consumer demand for high-performance and high-torque vehicles. Top Trends Electrification of turbochargers (e-turbos) to eliminate turbo lag. Integration of turbocharging in advanced hybrid powertrain systems. Use of advanced, high-temperature resistant materials and new alloys. Top Challenges Increasing complexity and cost of advanced turbocharging systems. The long-term market threat from battery electric vehicle (BEV) adoption. Maintaining reliability and durability under higher thermal and pressure loads. Next-Generation Turbocharger Technology Redefines Performance and Efficiency Standards Innovation in automotive turbocharger market is delivering tangible performance gains across the board. Cummins Turbo Technologies (CTT) is set to launch its 8th generation Holset series 400 Variable Geometry Turbocharger (VGT) in 2024, a unit specifically designed for the demanding 10 to 15-liter heavy-duty truck market. In July 2024, Cummins also made its HE200WG turbocharger commercially available to meet stringent new emission standards. The consumer-facing performance segment is also seeing significant upgrades. The 2024 GM L5P engine features a new turbocharger with an 11 mm cage width on the turbine side, a notable increase from the previous 9.4 mm. This new L5P turbo has a 10-blade turbine, compared to the previous 11-blade design, suggesting higher flow capabilities. Further dimensional changes include a compressor wheel inducer that grew to 61.3 mm, a 0.2 mm increase, and a turbine exducer that grew by approximately 1.5 mm to 63.9 mm. These modifications contributed to a significant power boost for the 2024 GM L5P engine, which now produces 475 hp, up from 445 hp—an impressive improvement of 30 horsepower. Advanced Aerodynamics and New Product Lines Intensify Market Competition in the Automotive Turbocharger Market The quest for superior performance is pushing manufacturers to launch highly specialized product lines. Garrett Motion launched the G-XRace series of turbochargers in late 2024, aimed squarely at the high-performance and racing world. The specifications speak for themselves: the Garrett GXR 4567 model has 29% higher compressor air flow compared to the G45 1125 horsepower model. Not far behind, the Garrett GXR 4573 model features 11% higher flow compared to its G series equivalent. Meanwhile, Cummins' High Power Ratio-C (HPRC) technology, now integrated into its latest turbochargers, increases flow range capability by up to 25%. This breakthrough has been a game-changer for some customers, allowing them to uprate engines by as much as 25-40% without needing a more complex 2-stage architecture. This level of innovation highlights the dynamic nature of the automotive turbocharger market. A Booming Aftermarket Responds to a Diverse and Aging Vehicle Fleet The service and aftermarket segment is expanding rapidly with new components and remanufacturing options. In February 2024, BORG Automotive launched an impressive 28 new turbocharger models. These new units in the automotive turbocharger market cover over 1,226 unique vehicle applications across the European continent, including offerings for light commercial vehicles (LCVs). UK-based specialist Melett introduced new products in Q2 2024, including a complete turbocharger for the popular AUDI A4/A5/A6/Q5 2.0L models. Melett also released a bi-turbocharger assembly kit for MAZDA CX5/3/6 2.2D models in the same quarter. Recognizing the importance of supporting components, NRF launched a new range of turbo hoses in 2024, consisting of 282 references for passenger cars and LCVs. Every turbo hose kit from NRF is designated "Easy Fit," meaning it includes at least four hoses and the necessary clamps for a complete installation. Component specialists are also active; Prime Turbo added new models of CHRA (Center Housing Rotating Assembly) and turbo spare parts to its catalog in January 2024. Finally, two new HELLA actuators were added to Melett's range in Q2 2024 for Ford, Alfa Romeo, and Fiat models. Stringent Euro 7 Emission Standards Catalyze Advanced Turbocharger Demand The upcoming Euro 7 regulations are a primary catalyst propelling the automotive turbocharger market toward greater sophistication. The standard will apply to all new cars and vans sold from July 2025. It mandates significant reductions in pollutants. Under Euro 7, NOx emissions for diesel cars will be reduced to 60 mg/km, a substantial drop from the current Euro 6 limit of 80 mg/km. The proposed NOx limit for petrol cars under some of the more robust Euro 7 considerations is as low as 30 mg/km. For the first time, regulations will also target non-exhaust brake particle emissions, with a proposed initial limit of 7mg/km in 2025. A stricter brake particle limit of 3mg/km is being advocated for 2025, a target that available technology can already meet. Durability requirements are also being drastically increased. The compliance longevity requirement for cars under Euro 7 will be up to 10 years or 200,000 km, effectively double that of the previous Euro 6 standard. For buses and lorries, the largest vehicles are expected to meet the minimum standards for an incredible 875,000 km (544,000 miles). Finally, testing protocols will become more demanding, covering a broader range of conditions including cold starts at -10°C and extreme heatwave conditions up to 45°C. The Electrification Wave Reshapes Turbocharging for Hybrid Powertrains Electric and hybrid turbocharging technologies in the automotive turbocharger market are moving from concept to commercial reality, promising to revolutionize engine response and efficiency. Electric turbochargers, which use an electric motor to spin the turbo, provide instant boost and virtually eliminate turbo lag, which can traditionally last from milliseconds to over a second. Garrett Motion is at the forefront, developing a pioneering 3-in-1 E-Powertrain that combines a high-speed electric motor, inverter, and reducer into a single, compact unit. This integrated E-Powertrain is engineered to be up to 40% smaller and lighter than comparable industry systems. In a landmark achievement, IHI Corporation became the first in Japan to commercialize an electrically assisted turbocharger, which is now installed in super sports cars as of 2025. The ultra-high-speed motor in IHI's e-assist turbo, supplied by NHK Spring, achieves a maximum rotational speed several times higher than general automotive drive motors. This motor rotates at high speed the moment the accelerator is pressed, contributing to powerful acceleration without any perceptible lag. BorgWarner's July 2025 announcements of contracts for both a 3.0-liter gasoline hybrid in North America and a 1.0-liter hybrid in Europe signal this trend's mainstream adoption. Strong Financial Maneuvers Signal Confidence and Strategic Market Positioning Key players across the global automotive turbocharger market are demonstrating financial strength and strategic foresight through significant capital activities in 2024. Garrett Motion has been particularly active, repurchasing $65 million of its common stock in the second quarter of 2024 alone. This brought the company's total share repurchases in the first half of 2024 to an impressive $174 million. In a strategic debt restructuring, the company issued $800 million of senior unsecured notes in Q2 2024. This move is expected to generate annual cash interest savings of approximately $15 million for Garrett Motion, freeing up capital for further investment. The company's Q2 2024 report showed a commodity deflation impact that reduced sales by $30 million, yet it still recorded a healthy adjusted free cash flow of $62 million. In Q1 2024, Garrett Motion delivered a strong adjusted EBITDA of $151 million, with capital expenditures coming in at $32 million. These numbers are supported by a global team of approximately 9,000 people in 2024, which includes around 1,400 highly skilled engineers dedicated to advancing the automotive turbocharger market. Regional Manufacturing and Future Regulations Define Global Market Dynamics Global strategy requires local execution. Manufacturing footprints and upcoming regional regulations are critical factors. The draft regulation for China 7 emission standards is anticipated to be published by the end of 2024 or early 2025. These new standards will introduce stricter limits on NOx, PM, and CO compared to the current China 6 standards. Critically, China 7 is expected to mandate the use of gasoline particulate filters (GPFs), creating new opportunities. In response to contract wins, major players are leveraging their global manufacturing bases. BorgWarner will manufacture its new turbochargers for European contracts at its advanced facility in Rzeszów, Poland. For its significant new North American contracts, BorgWarner will utilize its manufacturing facility in Ramos, Mexico. This regionalized production strategy is essential for navigating the complex global automotive turbocharger market. Material Science and Manufacturing Innovations Unlock Next-Level Turbo Performance The future of turbocharging is being built with advanced materials and manufacturing processes. New turbocharger designs for 2025 are increasingly using high-performance materials like ceramics and lightweight alloys to improve durability and heat resistance under extreme operating conditions. Cummins' latest Series 850 turbo features a thin wall stainless steel compressor cover, which significantly reduces component weight compared to traditional cast iron designs. This innovation is especially critical for commercial applications. The company in the automotive turbocharger market is also improving its Series 850 Holset turbocharger in 2024 for high-horsepower, off-highway applications, with an updated design that increases altitude capacity and power density. Specialized applications also drive material choice; turbochargers for natural gas engines require highly heat-resistant materials for their turbine stages to prevent thermal fatigue. Furthermore, additive manufacturing (3D printing), specifically selective laser melting (SLM), is a key trend in 2024 for creating complex turbocharger components with less material waste and optimized geometries. Looking for Country-Level or Section-Wise Data? Customize This Report: Global Automotive Turbocharger Market Major Players: BorgWarner Inc. Bullseye Power Turbo Chargers Continental AG Cummins Inc. Garrett Motion Inc. HKS Co., Ltd Mitsubishi Heavy Industries Engine & Turbocharger IHI Corporation Magnum Performance Turbos Inc. Hitachi Astemo, Ltd. Precision Turbo and Engine Man Energy Solutions MAHLE GMBH Melett Ltd. Other Prominent Players Key Market Segmentation: By Turbo Type Single-Turbo Twin-Turbo Twin-Scroll Turbo Variable Geometry Turbo Variable Twin Scroll Turbo Wastegate Electric Turbo By Vehicle Type Passenger Commercial Sports Car By Propulsion Type Petrol Diesel CNG & LPG By Distribution Channel OEM Aftermarket By Region North America Europe Asia Pacific Middle East & Africa (MEA) South America Understand the Report in Depth – Schedule a Guided Walkthrough: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website:
Yahoo
18 minutes ago
- Yahoo
Bullish prices IPO at $37 per share, valuing crypto exchange above $5 billion ahead of market debut
Cryptocurrency exchange operator Bullish (BLSH) is set to go public Wednesday at a valuation north of $5 billion as the IPO market looks set to continue a strong summer. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, said Tuesday that it had priced its IPO at $37 per share, above the $32-$33 range the company had expected in its second shot at making a public market debut. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. This is the company's second range increase for its latest offering, with the previous $32-$33 per share estimate raised from an earlier range of $28-$31 per share. At 30 million shares offered, the IPO price will see Bullish raise $1.1 billion and value the fintech company at $5.41 billion. The company will be looking to ride the outsized success of recent go-publics like Figma (FIG) and Circle (CRCL) and serve as the latest sign the IPO window remains wide open after a few challenging years for investors. Through Wednesday, 2025 has so far seen 133 IPOs come to market worth more than $50 million, up more than 58% from the same time last year, according to IPO tracker and ETF operator Renaissance Capital. Ahead of its IPO, Bullish has already garnered major institutional interest, with asset management giant BlackRock and Cathie Wood's investment firm fund Ark Invest have expressed interest in purchasing up to $200 million worth of shares in the offering, according to securities filings. "We now intend to IPO because we believe that the digital assets industry is beginning its next leg of growth," said Bullish CEO Thomas Farley, previously COO and president of the NYSE Group, in a letter to investors about Bullish's offering. "I believe that the digital assets industry is at the inflection point of institutional adoption and Bullish is uniquely positioned at the center of this market. The compliant, institutional- focused market infrastructure model is time-tested and works, and Bullish is proud to be the one bringing this proven framework to the crypto landscape." Bullish's main business comes from its Bullish Exchange, a digital assets spot and derivative exchange geared toward institutional-sized clients. The operator processed an average $2.6 billion in daily volume through Q1, according to the company's prospectus. Bullish is also riding the coattails of this year's hot streak of fintech IPOs. When USDC stablecoin manager Circle Internet Group went public in June, its shares soared by 168% in their first day of trading. And while the price has come down, the stock is still up more than 130% since inception. Design software maker Figma popped even higher in its end-of-July offering, rocketing upward by more than 250% in its first day, though its price has now come back to earth, up a little more than 2% since inception. AI infrastructure provider CoreWeave (CRWV) is up more than 280% since its March debut, while digital assets and blockchain services firm Galaxy Digital (GLXY) is up more than 18% since its own May offering. Bullish is also riding a rally in major cryptocurrencies this year. Bitcoin (BTC-USD) is up more than 28% since the beginning of the year, and ETH (ETH-USD) is up more than 40%. Ripple's XRP (XRP-USD) is up more than 57%. The public offering comes as the latest sign that Wall Street's prediction for a lethargic IPO market in 2025 was off the money. Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
Daniel Crosby Previews Latest Book at Triad Partners' 2025 DBDL Retreat
Triad also unveils new office in Lawrence, Kansas, marking the latest step in its ongoing growth trajectory LAWRENCE, Kan., August 13, 2025--(BUSINESS WIRE)--Triad Partners ("Triad"), the financial services organization dedicated to helping advisors balance success, freedom and impact, recently hosted its Do Business. Do Life. Founders Retreat in Maui, Hawaii from August 3rd-7th at the Hyatt Regency Maui Resort and Spa. As the firm's most intimate, high touch experience, the retreat was crafted exclusively for over 70 founding members and their families who are committed to shaping the future of independent financial advice. Designed to elevate connection, inspiration, and growth, the annual retreat offers a space to realign with purpose and engage in meaningful dialogue in an idyllic setting. "We know many advisors have to make sacrifices to build a successful career, often at the expense of family time. When we created this experience, we asked ourselves: What if they didn't have to anymore? What if we could design an experience that helps them grow professionally while also bringing their families to create lifelong memories together?" said Brad Johnson, co-founder of Triad. "We're redefining what a true partnership can mean. This experience shows that success isn't just about the numbers. It's about finding purpose in your work and creating joy, growth, and freedom in both business and life." Building on the momentum of a packed 2024 experience, Triad hosted five days of thoughtfully designed programming, standout hospitality, and meaningful opportunities for personal and professional growth. The agenda centered on three core themes: mindset mastery for entrepreneurial performance, behavioral finance and the psychology of advising, and family integration in entrepreneurial life. These themes reflect Triad's values–blending purpose, freedom, and family to inspire lasting impact for stakeholders across the industry. One of the keynote experiences featured Daniel Crosby, Ph.D., Orion's Chief Behavioral Officer, bestselling author, and a leading voice in behavioral finance, who explored the psychology of wealth and decision making. As part of his session, Daniel also previewed his upcoming book, The Meaning Manifesto, and gave attendees an exclusive first look at several chapters. The session explored how to identify your vision of best and worst case scenarios and respond to them effectively; the power of personalization; and the importance of demonstrating deep understanding and care. The 2025 speaker and headliner lineup also featured key voices in leadership and entertainment, including: Jason Khalipa – CrossFit Games champion, founder of NCFIT, and host of the Jason Khalipa Podcast - presented a session on mindset, overcoming adversity, fitness and life integration, and creating a legacy. He also led high-energy fitness sessions and mindset workshops throughout the experience. DJ Hydan – Known around Kansas City for his performances with the Kansas City Royals and Sporting KC, DJ Hayden brought his signature sound throughout each day and evening activities. Switchfoot headlined Triad's private concert, with The Green, a band local to Hawaii, opening up the evening. In addition, Triad recently opened an additional new office in downtown Lawrence, Kansas. The space was designed to support a growing team, enhance cross-functional collaboration, and attract top talent from across the country. It also serves as a hub for monthly advisor trainings and enables the firm to dedicate more resources to member service, innovation, and strategic operations. With room to scale teams such as new business, operations, and marketing, Triad is well positioned to strengthen its platform and expand support for its rapidly growing advisor community. To learn more about how Triad Partners is reshaping the future for financial advisors, visit our website. About Triad Partners Triad Partners, founded in 2020, is a leading field marketing organization dedicated to transforming the way financial advisors approach their businesses by embracing a "Do Business. Do Life.™" mentality. Triad provides advisors with the resources, tools and support they need to achieve limitless growth and personal freedom, while focusing on aligning their lives with their values and aspirations—not just scaling a business. Through thoughtfully designed programs, financial advisors gain the knowledge and strategies to elevate their businesses, reclaim their time and prioritize what truly matters. By empowering its members to grow with purpose and balance, Triad Partners helps them build a future defined by freedom, happiness and the ability to thrive both professionally and personally. About Triad Wealth Partners Triad Wealth Partners is a financial services company empowering advisors to build businesses of significance through a robust platform offering investment management, financial planning, operations and compliance support and practice management solutions. It serves as a trusted partner within a passionate community of growth-minded professionals that provides an innovative platform that catapults advisor business growth and reinvigorates advisor-led teams while serving their clients at the highest level. To learn more, visit Triad Wealth Partners, LLC is an SEC Registered Investment Adviser. Triad Wealth Partners, LLC and Triad Partners, LLC are affiliated companies. View source version on Contacts MEDIA CONTACT:Triad@ Jason Lahitajason@ 973-460-7837 Justin Pirigyijustin@ 619-316-9195 Sign in to access your portfolio
