
Environmental Group Limited (EGL) Receives a Buy from Wilsons
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wilson covers the Consumer Cyclical sector, focusing on stocks such as Tourism Holdings Limited, Flight Centre Travel Group Limited, and WEB Travel Group. According to TipRanks, Wilson has an average return of -23.5% and a 12.31% success rate on recommended stocks.
In addition to Wilsons, Environmental Group Limited also received a Buy from TR | OpenAI – 4o's Grey Smoggart in a report issued on August 2. However, on July 24, TR | OpenAI – 4o reiterated a Hold rating on Environmental Group Limited (ASX: EGL).
Based on Environmental Group Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$54.23 million and a net profit of A$1.44 million. In comparison, last year the company earned a revenue of A$46.71 million and had a net profit of A$2.08 million

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
an hour ago
- Business Insider
OpenAI Hits 700 Million Users, $300 Billion Valuation as $8 Billion Cash Burn Is Projected
OpenAI is set to hit a major user milestone, reaching 700 million weekly active users. That is up 40% from 500 million at the end of March and about four times the number from the same period last year. The company says it now handles about 2.5 billion prompts each day from around 330 million individual users. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The growth comes alongside a large funding boost. OpenAI recently completed an $8.3 billion funding round at a $300 billion valuation, months ahead of schedule. The round was led by Dragoneer Investment Group, which invested $2.8 billion. Other new investors include Blackstone, TPG, and T. Rowe Price, while Andreessen Horowitz and Sequoia Capital returned. This raise is part of OpenAI's plan to secure $40 billion in 2025. The company raised $2.5 billion in March. OpenAI's annualized revenue is about $13 billion and could reach $20 billion by the end of the year if current trends hold. The funding is expected to support product development and expand its reach into more business and consumer markets. Growth Is Evident, But Costs and Competition Mount Feature updates are also playing a role in the growth. The ChatGPT Projects tool has been expanded with more research features, voice mode, and a memory system that can recall past conversations inside projects. These changes are making it easier for users to manage longer and more complex work inside the platform. OpenAI now counts more than 5 million paying business subscribers, up from 3 million in June. However, the company faces financial and competitive challenges as it expects to burn about $8 billion in cash by the end of 2025. Current projections suggest it will not reach cash-flow breakeven before 2029. Also, competition from Google DeepMind (GOOG), Meta (META), and Microsoft (MSFT) -backed AI projects is also increasing. Moreover, China-based companies are also threatening American companies' AI dominance, such as Alibaba's (BABA) Qwen 3, and DeepSeek's R1 model. In short, OpenAI's combination of rapid user growth, higher revenue, and heavy investment is impressive and even formidable. Still, retail investors will be watching to see if the company can sustain this pace while managing costs and defending its position in a fast-growing market. Using TipRanks' Comparison Tool, we've compared some of the notable companies that employ ChatGPT similar to OpenAI's ChatGPT.


Business Wire
an hour ago
- Business Wire
BrainChip Launches Akida Cloud for Instant Access to Latest Akida Neuromorphic Technology
LAGUNA HILLS, Calif.--(BUSINESS WIRE)--BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world's first commercial producer of ultra-low power, fully digital, event-based neuromorphic AI, today announced launch of the BrainChip Developer Akida Cloud, a new cloud-based access point to multiple generations and configurations of the company's Akida™ neuromorphic technology. The initial Developer Cloud release will feature the latest version of Akida's 2 nd generation technology, Akida 2. 'Our developer cloud provides instant access to the latest Akida technology, as we deliver our Akida products on our roadmap to customers quickly and easily,' said Jonathan Tapson, chief development officer at BrainChip. 'We're reducing the time and effort to utilize Akida, so developers can program and execute their network models for immediate results so they can accelerate product development. We've shortened the time between our innovations and our customers' ability to seamlessly and cost-effectively access Akida.' One of the key innovations of this approach is that developers can stream their real-time data to Akida Cloud, perform inferencing, and stream the results back locally. This is demonstrated in a featured use case, eye-tracking, with immediate results used to measure accuracy and allow iteration of the training of the model to improve the results over a range of actual operating conditions. Hélder Rodríguez López, Embedded Software Research Engineer at Arquimea Research, said, 'The Akida Cloud's ability to provide us advanced access to the latest features of Akida and easily test our neuromorphic model innovations remotely is a real advantage for progressing our advanced model development programs.' BrainChip Developer Akida Cloud key benefits include: Rapid prototyping: Developers can access and leverage Akida's latest features without needing physical hardware. Developer-first access: Engineers can start development in parallel with hardware deployment. Extensibility: As new versions and configurations of Akida are released, BrainChip can make them available via the cloud. Partner benefits: Partners can demo working models and prototypes for customers so they can work in parallel before gaining access to Akida boards or chips. Flexible business model: Includes limited free access and usage-based pricing with credit toward eventual hardware purchases. BrainChip also sells an Akida FPGA Developer Platform if a customer wants an on-premises solution. Engineered for ultra-efficient, low-power AI, the second-generation Akida 2 is now available in the cloud, delivering a four times performance and efficiency gain over Akida 1. Developers can now build more sophisticated models on Akida 2 with greater accuracy thanks to new architectural support for 8-bit quantization. New models supported on Akida 2 include state-space based Temporal Event-Based Neural Nets (TENNs), which enhance the ability to process raw temporal data from video, audio, and sensors. This combination simplifies the development pipeline, reduces model size, and accelerates the deployment of advanced AI in edge applications across multiple sectors. About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY) BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company's first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition and processing data with unmatched efficiency, precision, and energy economy. BrainChip's Temporal Event-based Neural Networks (TENNs) build on State-Space Models (SSMs) with time-sensitive, event-driven frameworks that are ideal for real-time streaming applications. These innovations make low-power Edge AI deployable across industries such as aerospace, autonomous vehicles, robotics, industrial IoT, consumer devices, and wearables. BrainChip is advancing the future of intelligent computing, bringing AI closer to the sensor and closer to real-time. Explore more at


Miami Herald
4 hours ago
- Miami Herald
Stock Market Today: Algorithms Are Not Efficient
I began my career not in journalism but on the New York Stock Exchange. Technically, I wasn't on the floor, but I worked 16 stories above it, trading through a network of brokers who were on the floor. I was there in trading activity, if not in body. It probably shows in my writing. Back in those days some 1,300 traders plus support staff made up the crowds where stocks were traded and prices were discovered. It was a loud and active place, where price efficiency ruled. Today, the NYSE floor is an empty place. Market makers still work there, but price discovery happens largely through computers. This is what the floor looks like today: Jason Meshnick In today's Market Recon piece over on TheStreet Pro, Stephen "Sarge" Guilfoyle discusses the trading action from Friday and Monday, and tells us that both Friday and Monday were overshoots from where the market should have traded. He says: "On Monday, U.S. equity markets absolutely roared back from a harsh selloff on Friday. On Friday, the algorithms that run price discovery in 2025 sold stocks en masse because of a recessionary looking labor report that was really three consecutive recessionary-looking labor reports at once. On Monday, those same algorithms bought the market hand over fist because now the Fed will likely have to cut short-term interest rates in six weeks." He goes on to say that this game of "Chutes and Ladders" is occurring because we've removed humans from the art of price discovery and replaced them with algorithms. While the market is much cheaper to run (spreads are down), markets are less efficient. In other words, day-to-day volatility might be lower, but reaction to news is much harsher. I couldn't agree more. Sarge also tells us that Wall Street strategists have turned bearish. They see a lethal combination of softening economic data and sky-high valuations. Perhaps "lethal" is a strong word. More accurately, they see a dip on the horizon that they feel will be worth buying. But the reason why I'm quoting Sarge so much today is that he more succinctly than anybody has listed the four reasons that valuations are high and deserve to be. Lower taxesLess regulationExpected lower interest ratesIncreased productivity (on a per-employee basis) driven by artificial intelligence. It all comes down to potential corporate growth and reduced expenses. Demand for workers probably will drop, however, which could be a net negative for economic growth. How is the stock market looking this morning? Slightly up. S&P 500 futures are higher by 0.12%, while Nasdaq futures are up 0.27%. ThinkOrSwim It's still earnings season and several major companies have reported this morning. TipRanks After market close, we await reports from AMD, Super Micro Computer, and others, including EV makers Rivian and Lucid. TipRanks Check back throughout the day! The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.