Latest news with #Appian
Daily Mail
a day ago
- General
- Daily Mail
Carthage by Eve Macdonald: The day Hannibal slayed 20,000
Carthage by Eve Macdonald (Ebury Press £22, 368pp) It's 146 BC. A woman stands on the heights of the mighty citadel of Carthage, North Africa, looking down upon the last, moments of this once proud city, capital of a vast Mediterranean empire. After three years of siege, the Roman legions have finally captured Carthage. The Roman historian Appian tell us that the woman on the walls – the wife of Hasdrubal, the last commander of Carthage – driven to a fury by the sight of her husband, kneeling in surrender, screamed out a curse: 'Upon this Hasdrubal, betrayer of his country and her temples, of me and his children, may the Gods of Carthage take vengeance' She then hurled her children down into the flames below, before hurling herself after. 'The ultimate statement of death over enslavement,' says Eve Macdonald. It could so easily have gone the other way – especially when the brilliant Carthaginian general Hannibal was in command - and Carthage would have been no kinder to Rome. Indeed they were notorious for their cruelty, even sacrificing their children to their sinister gods Tanit and Baal. Carthage was Phoenician in origin. The Phoenicians were sailors with canny mercantile expertise which made them fantastically wealthy. A people of such dynamism soon came to dominate much of the Mediterranean, and were almost fated to clash with a small but rapidly rising and ferociously martial little city in Central Italy, called Rome. The intermittent Punic Wars, as Rome called them, lasted over 100 years. They fought for 23 years over Sicily, which nearly bankrupted them both. And in 256BC they fought the colossal sea battle of Ecnomus, one of the largest sea battles by numbers ever fought. There were some 200,000 sailors and marines at sea that day. Rome won. But Carthage was far too powerful to be defeated in a single battle, and still to come was Hannibal, inset, Rome's most dangerous enemy. A soldier's general, he slept in his cloak on the hard ground along with his men. Macdonald gives a bravura re-telling of the whole story, the Alps, the elephants, and crossing the Rhone too. At last came the catastrophic Roman defeat at Cannae when at least 20,000 Romans were slaughtered in a day – more than the British lost at the first day on the Somme. Among the Roman dead lay the consul and a staggering 80 of the Senatorial class. 'The governing elite of Rome had been wiped out.' Rome was, by any rational standard, finished. Yet with very Roman doggedness they simply refused to recognise it. As the Roman poet Ennius put it, 'The victor is not victorious if the vanquished does not consider himself so.' They scraped together an army of older men and farmers' boys, fought back – and Hannibal never did manage to take Rome. After losing the support of his fellow Carthaginians, and facing arrest by the Romans, he fled east into exile and died in Asia Minor. In 146 BC, the Romans literally emptied out the city. They then razed the city to the ground where it still lies, on the edge of modern Tunis. Macdonald has done a fine job of resuscitating its 'heroic warriors, beautiful queens and intrepid explorers, the colonisers, villains and victims,' rescuing them from obscurity, from the flames, and the vengeance of Rome.
Yahoo
5 days ago
- Business
- Yahoo
Appian (APPN) Reports Q2: Everything You Need To Know Ahead Of Earnings
Low code software development platform provider Appian (Nasdaq: APPN) will be reporting earnings this Thursday before the bell. Here's what to expect. Appian beat analysts' revenue expectations by 2% last quarter, reporting revenues of $166.4 million, up 11.1% year on year. It was a mixed quarter for the company, with a solid beat of analysts' EBITDA estimates but EBITDA guidance for next quarter missing analysts' expectations significantly. Is Appian a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Appian's revenue to grow 9.2% year on year to $160 million, slowing from the 14.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Appian has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 1.9% on average. Looking at Appian's peers in the automation software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. ServiceNow delivered year-on-year revenue growth of 22.4%, beating analysts' expectations by 2.9%, and Microsoft reported revenues up 18.1%, topping estimates by 3.5%. ServiceNow traded up 4.3% following the results while Microsoft was also up 3.8%. Read our full analysis of ServiceNow's results here and Microsoft's results here. Debates around the economy's health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the automation software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Appian is down 11.9% during the same time and is heading into earnings with an average analyst price target of $35 (compared to the current share price of $27.50). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
21-07-2025
- Business
- Yahoo
Osisko Development Secures US$450 Million Financing Facility to Develop the Cariboo Gold Project
HIGHLIGHTS US$450 million project loan facility secured from new strategic partner Appian Capital Advisory to fund the development and construction of the Cariboo Gold Project in B.C., Canada US$100 million initial draw enables the Company to accelerate project pre-construction activities and materially de-risk the Project US$350 million in subsequent draws available on a final investment decision subject to certain customary project milestones and conditions precedent Strong endorsement and cornerstone financing commitment from a leading investment fund, exclusively dedicated to long-term value in the mining space Initial draw to support an infill drilling campaign, certain detailed engineering, procurement, underground development, operational readiness planning, and other early works activities Enhances financial flexibility with the planned repayment of its outstanding US$25 million term loan with National Bank, as it advances toward fully funding the construction of Cariboo MONTREAL, July 21, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has entered into a credit agreement with funds advised by Appian Capital Advisory Limited ("Appian") with respect to a senior secured project loan credit facility (the "Credit Facility") totaling US$450 million for the development and construction of its permitted, 100%-owned Cariboo Gold Project ("Cariboo" or the "Project"), located in central British Columbia ("B.C."), Canada. The Credit Facility provides strategic capital and enhanced financial flexibility as the Company advances Cariboo through the next phase of pre-construction and early works milestones toward construction readiness. It is structured in two tranches aligned with the Project's planned development timeline. An initial draw of US$100 million (the "Initial Draw") was completed and will be used to: (i) undertake a 13,000-meter infill drill campaign to further de-risk Project mine planning assumptions; (ii) fund pre-construction and construction activities for the development of Cariboo; (iii) repay the Company's existing outstanding US$25 million term loan with National Bank of Canada, maturing in October 2025; and (iv) support the Project's general working capital requirements. "We are delighted to welcome Appian as a new cornerstone investor, which is a significant endorsement of the Cariboo Gold Project and a major milestone in advancing it towards a construction decision," commented Sean Roosen, Chairman and CEO. "Having recently completed an updated feasibility study for the Project, the US$450 million facility represents a key financing commitment and allows us to maintain momentum towards a formal investment decision. The facility is structured to provide us with financial flexibility as we continue to push forward on pre-construction and construction activities and seek to fully fund the Project for construction. Appian is the leading investor in the mining space and has a successful track record of identifying and supporting the development of high-quality assets into production—we are encouraged by their confidence in our team and vision to develop the next major Canadian gold mine." Michael W. Scherb, Founder and CEO of Appian, commented, "The Cariboo Gold Project perfectly aligns with Appian's disciplined, technically driven investment strategy. It is situated in a stable jurisdiction, boasts a robust existing minerals base with clear upside potential, and is being led by an experienced management team. The project also holds permits that will enable near-term progress to production. This transaction showcases the strength of Appian's dedicated credit and royalties offering, including the added value that our market-leading technical team can provide project owners. We look forward to working constructively with the Osisko team to help advance the project." CREDIT FACILITY TERMS – US$450 MILLION Credit Limit: US$450 million senior secured credit facility, through the Company's wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("Barkerville"). Initial Draw: US$100 million drawn at closing (July 21, 2025). Subsequent Draws: US$350 million to be drawn in up to four subsequent tranches, will be available for a period of up to 36 months after the close of the Initial Draw subject to the satisfaction of certain project milestones and customary conditions (the "Subsequent Draws"), with each advance in the minimum amount of at least US$50 million. Term and Maturity: The Credit Facility matures on July 21, 2033 or 8.0 years from closing. If the Company does not elect to make any Subsequent Draws, the Credit Facility will mature on July 21, 2028 or 3.0 years from closing in respect of the Initial Draw. Interest Rate: Interest accrued on the Initial Draw will be payable quarterly in arrears equal to the 3-month Secured Overnight Financing Rate ("SOFR"), plus adjustment of 0.10% per annum, and plus a margin of 9.50% per annum (subject to a 2.00% SOFR floor). For the first 12 months following closing, the Company has the option to pay up to 100% of the accrued interest in cash or in kind ("PIK"). Any PIK amount will be added to the principal balance. Thereafter, and prior to any Subsequent Draws, up to 50% of the interest may be payable in kind at the Company's election. Any funds drawn in excess of the Initial Draw will cause the Credit Facility to step down to a 3-month SOFR, plus a margin of 0.10% per annum, and 7.50% per annum (subject to 2.00% SOFR floor). At such time and henceforth, all interest will be payable quarterly in arrears in cash. Use of Proceeds: The Credit Facility will be used to (i) repay outstanding debt under the existing National Bank of Canada credit facility, and (ii) fund pre-construction activities, development, construction, operation and working capital requirements of the Cariboo Gold Project and Barkerville. Prepayments: The credit agreement contains terms and conditions with respect to the Credit Facility customary for a transaction of this nature. Security: The obligations under the Credit Facility are guaranteed by the Company pursuant to a limited recourse guarantee and secured by a first-ranking security interest against all of the shares of Barkerville held by the Company. Additionally, the obligations are secured by a first-ranking security interest over all present and future assets and property of Barkerville. Fees: The Credit Facility bears customary upfront and standby fees for a facility of this nature. Warrants: In connection with the Credit Facility, Osisko Development will grant Appian 5,625,031 non-transferrable common share purchase warrants (the "Warrants"). Each Warrant entitles Appian to purchase one common share of the Company (each, a "Common Share") at an exercise price of CAD$4.43 per Common Share on or prior to July 21, 2028 (3.0 years from closing). The Company may, at its option, repurchase the Warrants from time to time at a price equal to their Black–Scholes valuation. The Warrants are subject to an applicable statutory hold period under Canadian securities laws. Representations, Warranties and Covenants: The credit agreement contains terms and conditions with respect to the Credit Facility customary for a transaction of this nature. The summary of the key terms of the Credit Facility above is qualified in its entirety by the full text of the credit agreement dated July 21, 2025 among Barkerville, Appian, TSX Trust Company as collateral agent, and Appian ODV (Jersey) Ltd, as administrative agent, a copy of which will be available on SEDAR+ ( under the Company's issuer profile. Advisors GenCap Mining Advisory is acting as project finance advisor to Osisko Development. Maxit Capital LP is acting as strategic advisor to the Company in connection with the Initial Draw. Bennett Jones LLP is acting as legal advisor to the Company. Torys LLP is acting as legal counsel to Appian. About Appian Capital Advisory Limited Appian Capital Advisory Limited is the investment advisor to long-term value-focused private capital funds that invest in companies in metals, mining, and adjacent industries. Appian is a leading investment advisor with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies in metals, mining, and adjacent industries to achieve their development targets, with a global operating portfolio overseeing approximately 5,000 employees. Appian has a global team of 88 investment professionals, combining financial and technical expertise, with presences in London, Abu Dhabi, New York, Dubai, Belo Horizonte, São Paulo, Beijing, Hong Kong, Toronto, Lima and Perth. For more information, please visit ABOUT OSISKO DEVELOPMENT CORP. Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted 100%-owned Cariboo Gold Project, located in central B.C., Canada. Its project pipeline is complemented by the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico—brownfield properties with significant exploration potential, extensive historical mining data, access to existing infrastructure and skilled labour. The Company's strategy is to develop attractive, long-life, socially and environmentally responsible mining assets, while minimizing exposure to development risk and growing mineral resources. For further information, visit our website at or contact: Sean Roosen Philip Rabenok Chairman and CEO Vice President, Investor Relations Email: sroosen@ Email: prabenok@ Tel: +1 (514) 940-0685 Tel: +1 (437) 423-3644 CAUTION REGARDING FORWARD LOOKING STATEMENTS Certain statements contained in this news release may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (together, "forward-looking statements"). These forward-looking statements, by their nature, require Osisko Development to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", "objective", "strategy", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications and limitations relating to advancement and development of the Project, the use of proceeds of the funds drawn down from the Credit Facility, the impact of the Credit Facility on the Company and its financial position and allocation, the contemplated work plan and activities at the Project and the timing, scope and results thereof and associated costs thereto, the ability and timing of the Company to reach commercial production (if at all), the ability of the Company to develop the next major Canadian gold mine at Cariboo, and the ability and timing of the Company to fulfill the conditions for subsequent advances under the Credit Facility and therefore draw the balance of the Credit Facility, the ability of the Company to raise or arrange the remaining funding required to complete the construction of Cariboo, the timing and ability of the Company to make a final investment decision, the final capital cost and timeline to build Cariboo, the ability of the Company to service and repay principal related to the Credit Facility whether from the operation of Cariboo or other sources of funds, the exploration potential at Tintic and San Antonio, the Company's ability to develop long life, socially and environmentally responsible mining assets, the Company's ability to grow mineral resources at any of its projects. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with fulfilling the conditions to a subsequent advance under the Credit Facility; the ability of the Company to comply with covenants under the Credit Facility; risks related to exploration and potential development, construction and operation of the Project; the accuracy of the estimated costs for the development activities at the Project and risks relating to cost overruns; the ability to seek additional funding (including project financing) for the Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; regulatory framework and presence of laws and regulations that may impose restrictions on mining; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; and other risk factors facing the Company as disclosed in the Company's most recent annual information form, financial statement and management's discussion and analysis as well as other public filings on SEDAR+ ( and SEC's EDGAR website ( under the Company's issuer profile. Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forbes
14-07-2025
- Business
- Forbes
Is Elon Musk Right On DOGE Or Does President Trump Need East Coast AI?
WASHINGTON, DC - JULY 01: Storm clouds hover over the U.S. Capitol shortly after the Senate passed ... More its version of the One, Big, Beautiful Bill Act on July 01, 2025 in Washington, DC. Republicans in the House of Representatives began their work on the legislation less than two hours after the Senate passed its version. (Photo by) Standing at a critical juncture with Artificial Intelligence, the U.S. Government needs a big reboot. Beyond the headlines regarding AI legislation, and the latest plot twists with DOGE (Department of Government Efficiency), fundamental questions remain: Can AI fix how government works and who will win the AI arms race? For many that I know and work with in Washington, the promise of this technology still feels more theoretical than a pragmatic path to tangible progress. The stakes are high and our leaders, from the president on down, need to learn to embrace the right AI or risk the consequences of being left behind, or worse, fall into the trap of misguided implementations in public service. When I discussed this with CEO's inside and outside the beltway, common themes emerge that can help governments and businesses work better together. Appian CEO Matt Calkins offers a blunt assessment. He has been working with the U.S. federal government for decades with software embedded within all 15 cabinet-level U.S. agencies and military branches. He explains that the government, by necessity, operates under a old mandate to "move cautiously and break nothing," making it a reluctant outlier in the AI gold rush exploding around the globe. This caution isn't the problem; the problem is the prevailing Silicon Valley AI model, inherently unsuited for Washington's containment demands. West Coast AI Vs. Contain Blast Radius Mandates The dominant AI narrative, shaped by Elon Musk and the other Silicon Valley tech giants is a "move fast and break things" ethos. This is juxtaposed to 'contain the blast radius' demands of most governments. Their Large Language Models (LLMs) and Generative AI (GenAI) thrive on vast, often undifferentiated data pools. While effective in commercial spheres, this approach to AI, which often involves a disregard for data privacy, is viewed as unsuitable for Washington. This clash was starkly revealed during the recent blowup of DOGE. Although Elon went in with an innovator's mindset, the initiative ultimately faltered by attacking the wrong thing, focusing on personnel cuts rather than systemic reform. Calkins laments, "We saw Elon the deleter and not Elon the builder." The emphasis on "deletion ran ahead of everything else—rather than building modern replacements—proved a critical misstep'. TOPSHOT - Billionaire Elon Musk, the head of the Department of Government Efficiency (DOGE), holds a ... More chainsaw reading "Long live freedom, damn it" as he shakes hands with Argentinian President Javier Milei at the annual Conservative Political Action Conference (CPAC) at the Gaylord National Resort & Convention Center at National Harbor in Oxon Hill, Maryland, on February 20, 2025. The chainsaw was a present to Elon Musk from Argentina's President Javier Milei. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) Many think, the fundamental flaw is treating government like a startup. But, in working with the U.S. NSF, DHS and others, I've seen the positive impacts of building entrepreneurial capabilities into large organizations and institutions. I lead a program called Dancing with Startups, developed in partnership with some of the world's largest corporations and governments, while I was teaching at Northwestern University's Kellogg School of Management. Though the efficiency and growth results can be very powerful, the program is most successful when a mothership organization trusts the new group enough to separate it from the bureaucratic command and control culture. "The federal government is harder to reform than Twitter," Calkins cautions. "Twitter wasn't necessary to anybody's life and if he literally blew it up, it's we do need the government. The government's there for safety and solidity. " This leaves many government leaders concerned that risking essential public services for rapid, unproven tech deployment could lead to misguided implementation. Compounding this, systemic issues cripple effective AI adoption. "Historically, the CIO has been a weak role: more ceremonial than operational," Calkins explains, battling short tenures and vendors who outlast leaders. Furthermore, a significant bias against intermediaries in contracting creates a tax on government that makes it slow and inefficient, preventing agile, value-delivering firms from reaching decision-makers directly.' The result? A pattern of ineffective AI choices in government today. East Coast AI Is Fit For Public Service Is there an intelligent path forward? The solution lies in what Calkins terms "East Coast AI"—an approach that aligns with Washington's immutable values and incremental, demonstrable value. "What Washington needs is East Coast AI, which prioritizes privacy and control and doesn't have to move data," Calkins asserts. This isn't about revolutionary, human-replacing intelligence; it's about boring AI – the kind that tackles the mundane, repetitive tasks that bog down government operations, utilizing tech. that streamline complex workflows. 'AI should be a worker not a helper', he explains, "nothing else justifies the immense investment. We should ask AI to do the highest-volume, most essential jobs – not novelties or one-off acts of creativity." Makes sense, boring AI should work hard at simple jobs, that help organizations serve their customers and save money. For vendors trying to help the government, the focus on efficiency instilled by initiatives like DOGE is a great opportunity and a relief. It allows more agile vendors to break through the stranglehold that larger firms have had on federal dollars. Calkins notes, 'Everyone cares about efficiency right now, and the US government could be more efficient than it is.' Indeed. A Path Forward For DOGE And Rebooters The ultra-compressed timeline approach witnessed with DOGE underscored the urgent need for agility. More emerging vendors are working with DOGE to help them reach their goals ahead of schedule. President Trump's cabinet members have their CXOs focused on cost saving efficiencies and identifying the highest-volume, most essential jobs ripe for AI. Technology exists to implement them safely and effectively, particularly with solutions designed for control and privacy. The first priority is demonstrating tangible value in contained, low-risk environments (blast radius) to build internal trust and momentum. Common sense, right? Not always, in government we still have a need for speed. Calkins advice to government leaders: "There's a few obvious areas where AI can add value, like communication interpretation of laws, [and] processing of incoming applications and bids. There are places where AI can make a big difference." These immediate opportunities represent quick wins for efficiency and accountability—low hanging fruit that taxpayers should be demanding. In a few years, if governments embrace this intelligent East Coast AI approach, we could see a fundamental transformation: hyper-efficient public services, data-driven policy-making, and empowered public servants focused on strategic initiatives. The goal isn't an AI-run government, but an AI-enabled government – more responsive, efficient…and hopefully trusted. Attack Surface Leaders Embrace Big Beautiful Reboot WASHINGTON, DC - JULY 03: U.S. Speaker of the House Mike Johnson (R-LA) presides over the vote for ... More H.R. 1, the One, Big, Beautiful Bill Act in the House of Representatives at the U.S. Capitol on July 03, 2025 in Washington, DC. The House passed the sweeping tax and spending bill after winning over fiscal hawks and moderate Republicans. The bill makes permanent President Donald Trump's 2017 tax cuts, increase spending on defense and immigration enforcement and temporarily cut taxes on tips, while at the same time cutting funding for Medicaid, food assistance for the poor, clean energy and raises the nation's debit limit by $5 trillion. (Photo by) The new era of AI is unfolding, whether everyone is ready or not, and the strategic imperative for government transformation is about making intelligent choices for pragmatic, privacy-centric AI. Like it or not government leaders must champion approaches that prioritize control, transparency, and incremental value over risky move fast and break things deployments. Heck, Musk himself, after navigating the challenges, reportedly planned to focus DOGE's future efforts on improving the federal bureaucracy's computer systems, a less-controversial goal than taking a chainsaw to the workforce. This shift aligns perfectly with the East Coast AI get it done philosophy. By embracing East Coast AI, Washington can finally begin its own Big Beautiful Reboot, transforming bureaucratic burdens into engines of public service, ensuring American competitiveness, and earning back the trust of the people it serves. "In most areas of technology, government lags," Calkins asserts. "This could be a major shift for the government to turn around and say, 'Now we actually want to be pioneers.'' As a Silicon Valley leader, I would love to see that. Many CEOs agree with this idea, like Vishal Chawla, CEO of cyber security firm BluOcean who added: 'In cybersecurity, we focus on the attack surface. In government that surface is "Public Trust". We've turned AI into a cyber nuke with no rules of engagement—while adversaries deploy LLMs to breach, impersonate, and disrupt, our leaders are still drafting policy memos. Trust isn't defended by flash—it's protected by guardrails, governance, and boring AI that just works. If we get that wrong, we're outmatched before the next briefing even begins.' I wonder, is AI writing the briefings? He went on to say 'If AI can fake your boss, file a contract, and reroute money—how do you defend that? You don't, unless your systems are built with resilience from day one. Washington doesn't need AI that thinks like a philosopher—it needs AI that stamps out fraud, clears bottlenecks, and locks down the digital plumbing of public service. That's East Coast AI: spine, security, control, privacy, resilience and zero tolerance for hallucinations.' Philosophical hallucinations, oh my. I've seen this firsthand, in my volunteer roles with our federal government, serving as an advisor on agency task forces across administrations—from Internet, telecom, and H1B policy to cyber, broadband, and TV standards. Beyond advising and lobbying, we often end up helping to solve problems with more entrepreneurial mindsets in the hope of modernizing simple processes that Washington often overcomplicates. Drazen Alcocer, CEO of Patriotly, a government services partnership group focused on what AI can do for those who've served, put it this way: "Streamlined isn't typically associated with government, but from my experience serving with the USMC, it does value efficiency. We have reached a point in our journey with AI where typical government and military programs are costing more by not adopting updated AI approaches. One key sector Patriotly has set its sights on is making the transition of our nation's military members and spouses into the private sector more efficient, by empowering them with innovative technology and tools to streamline their journey into the next chapter of their lives." Now that's an AI mission I can get behind. Like in Silicon Valley, the spoils will not just go to the fastest, but to those who can navigate this change strategically, and make the biggest and best government impacts, without succumbing to misguided AI implementations. The time to deliver is now—giddy up.
Yahoo
11-07-2025
- Business
- Yahoo
Appian, Udemy, DraftKings, Remitly, and CarMax Shares Plummet, What You Need To Know
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Automation Software company Appian (NASDAQ:APPN) fell 4.7%. Is now the time to buy Appian? Access our full analysis report here, it's free. Consumer Subscription company Udemy (NASDAQ:UDMY) fell 4.7%. Is now the time to buy Udemy? Access our full analysis report here, it's free. Gaming Solutions company DraftKings (NASDAQ:DKNG) fell 3.8%. Is now the time to buy DraftKings? Access our full analysis report here, it's free. Financial Technology company Remitly (NASDAQ:RELY) fell 5.2%. Is now the time to buy Remitly? Access our full analysis report here, it's free. Vehicle Retailer company CarMax (NYSE:KMX) fell 3.6%. Is now the time to buy CarMax? Access our full analysis report here, it's free. Remitly's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Remitly is down 22.5% since the beginning of the year, and at $17.36 per share, it is trading 36% below its 52-week high of $27.14 from February 2025. Investors who bought $1,000 worth of Remitly's shares at the IPO in September 2021 would now be looking at an investment worth $358.31. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
