Latest news with #Artificial
Associated Press
2 days ago
- Business
- Associated Press
Cognyte to Announce First Quarter FYE26 Financial Results on June 11, 2025
HERZLIYA, Israel--(BUSINESS WIRE)--May 29, 2025-- Cognyte Software Ltd. (NASDAQ: CGNT), a global leader in software-driven technology for investigative analytics, today announced it will conduct a conference call on Wednesday, June 11, 2025, at 8:30am ET to review its first quarter fiscal 2026 financial results for the quarter ending April 30, 2025. An earnings press release will be issued prior to the conference call. A real-time webcast of the conference call with presentation slides will be available in the Investor Relations section of Cognyte's website. Those interested in participating in the question-and-answer session need to register here to receive the dial-in numbers and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). About Cognyte Cognyte is a leading software-driven technology company, focused on solutions for data processing and investigative analytics that allow customers to generate Actionable Intelligence for a Safer World™. Cognyte's solutions empower law enforcement, national security, national and military intelligence agencies, and other organizations to navigate an increasingly complex threat landscape. With offerings that leverage state-of-the-art technology, including Artificial Intelligence (AI), big data analytics and advanced machine learning, Cognyte helps customers make smarter, faster decisions with their data for the best possible outcomes. Hundreds of customers rely on Cognyte's investigative analytics solutions to uncover critical insights from past events and anticipate emerging threats. By harnessing AI-driven intelligence, Cognyte accelerates investigations with exceptional speed and accuracy while enabling customers to better investigate, anticipate, predict and mitigate risks with greater precision. Learn more at View source version on CONTACT: Investor Relations Contact Dean Ridlon Cognyte Software Ltd. [email protected] KEYWORD: ISRAEL MIDDLE EAST INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY APPS/APPLICATIONS ARTIFICIAL INTELLIGENCE SOFTWARE SOURCE: Cognyte Software Ltd. Copyright Business Wire 2025. PUB: 05/29/2025 08:00 AM/DISC: 05/29/2025 07:59 AM
Yahoo
3 days ago
- Business
- Yahoo
AI-Powered Quality Inspection Poised to Unlock Billions in Global Corporate Savings
SAN DIEGO, May 28, 2025 /PRNewswire/ -- Flexible Vision Inc today announced that Companies worldwide are on the cusp of realizing unprecedented financial benefits as Artificial Intelligence (AI) revolutionizes quality inspection processes. The integration of AI into manufacturing and other sectors is projected to save businesses substantial sums by drastically reducing errors, minimizing waste, and optimizing operational efficiency. Traditional quality control methods, often labor-intensive and prone to human error, contribute significantly to operational costs, with visual quality inspection alone accounting for over 60% of all quality control labor expenses in some cases. AI-driven visual inspection systems are transforming this landscape by automating defect detection with remarkable accuracy and speed. This automation directly translates into lower manufacturing costs through minimized waste, rework, and scrap associated with faulty products. The financial impact is already becoming evident. Companies adopting AI for predictive maintenance, a related application, have reported reductions in machine breakdowns by up to 50% and lower maintenance costs by 10-40%. Specific to quality, McKinsey reports that AI innovations can cut quality-related expenses by 10% to 20%. For instance, Bosch implemented AI in visual quality inspection across automotive component plants, achieving a 25% reduction in scrap rate and saving $1.2 million annually, while defect detection accuracy soared from 89% (manual) to 97.6% (AI-assisted). Similarly, Siemens realized a 20% drop in defects and millions in annual savings by using AI in its gas turbine production. "The adoption of AI in quality inspection is not just an upgrade but a fundamental shift, enabling companies to enhance competitiveness, deliver superior products, and achieve substantial, quantifiable financial returns," stated Aaron Silverberg from Flexible Vision Inc. The market reflects this transformative potential. The global AI in manufacturing market is projected to surge from $2.6 billion in 2022 to an estimated $20.8 billion by 2028, growing at a CAGR of 45.6%. The AI-based Visual Inspection Software market alone was valued at $624.29 million in 2023 and is projected to reach $1.96 billion by 2032. Furthermore, the broader AI Visual Inspection System market is expected to grow from $18.28 billion in 2024 to $52.38 billion by 2034. About Flexible VisionFlexible Vision is an AI machine vision software and hardware application that works together to automate visual inspections on the factory floor. For more information, visit Contact:Aaron Silverberg, PresidentFlexible Vision Inc(619) 287-7000 View original content to download multimedia: SOURCE Flexible Vision
Time of India
3 days ago
- Business
- Time of India
Microsoft, Yotta join hands to drive AI innovation in India
Microsoft and Yotta Data Services on Wednesday announced they have partnered to drive Artificial Intelligence (AI) adoption in India. Under this, Microsoft will bring its Azure AI services to Shakti Cloud, which is Yotta's AI cloud platform , to offer advanced capabilities to developers, startups, enterprises, and public sector organisations across India. The partnership enables Microsoft and Yotta — which is a sovereign cloud infrastructure and platform services provider — to engage with IndiaAI Mission participants, government agencies, IITs, startups, enterprises, and software development companies to drive AI innovation. The IndiaAI Mission, an initiative by the ministry of electronics and information technology (MeitY), aims to build a comprehensive ecosystem that fosters AI innovation in India , the release noted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Tarlac - Watch What Happens Happy in Shape Undo "The partnership brings the dual advantage of the advanced AI models, apps, agents, and AI development environment from Azure AI and; a sovereign, economical, globally benchmarked AI compute platform, enabling fast AI model training and real-time inferencing, from Yotta to critical sectors like agriculture, healthcare, education, finance, manufacturing, retail, and media," according to the release. Microsoft-Yotta partnership also helps support the IndiaAI Mission by enhancing local AI capabilities, fostering innovation, and strengthening AI infrastructure. Live Events Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "As of May 2025, IndiaAI Mission has received over 500 proposals for developing indigenous AI models. Together, Microsoft and Yotta will work closely with government entities, research institutions, IITs, and startups to foster homegrown innovation and accelerate the development of indigenous AI models aligned with India's Digital Public Infrastructure," the release added.
Kuwait Times
4 days ago
- Business
- Kuwait Times
AU hosts 6th annual Teaching and Learning Excellence Forum
KUWAIT: Officials pose for a photo at the sixth annual Teaching and Learning Excellence Forum. KUWAIT: The Teaching and Learning Center (TLC) at the Australian University (AU) held its sixth annual Teaching and Learning Excellence Forum, titled 'The Future of Higher Education in the Age of Artificial Intelligence', under the patronage of the Private Universities Council in Kuwait. The forum was attended by various distinguished guests from universities, schools, training centers, international and local companies' leaders as well as representatives of ministry of education in Kuwait. This year's forum aimed to explore the evolving role of artificial intelligence in higher education, and its theme reflected AU's commitment to exploring emerging technologies and their implications on the educational landscape in alignment with Kuwait Vision 2035 and global sustainable development goals. The insightful forum included a series of keynote speeches by distinguished members of academia and industry that tackled various aspects of artificial intelligence and its growing influence on the academic world. Speakers presented diverse perspectives, including how AI can redefine institutional priorities, unlock new possibilities in education, and offer innovative solutions to current challenges. Contributions also addressed AI's role in transforming the student learning experience and the responsibilities of educational institutions in adapting to technological change. The forum further included a panel discussion on the role of AI in shaping the future of higher education, along with a workshop on AI Applications. Commenting on the role of AI in education, keynote speaker Khalid Al-Zanki, Founder and CEO of ETLAQ Consulting firm, said: 'AI has changed a lot of sectors, including the educational sector. This is why today at the forum we are discussing about how the educational sector can benefit from AI. We are exploring how we can use practical applications of AI in the education and how we can get students to familiarize themselves with the technology and use it in a positive way that can change their future for the better.' Rola Ismail, Manager of the Teaching and Learning Center at AU, said: 'Education plays a pivotal role in the development of nations, but the question is will education be the education we knew and know currently. This forum aimed to discuss and contribute to shaping the future of higher education in the age of AI. Malcom X said: 'Education is the passport to the Future, for tomorrow belongs to those who prepare for it today.''
Time of India
4 days ago
- Business
- Time of India
US stock market today: S&P 500 nears record high, Nasdaq and Dow Jones jump big
Wall Street surged on Tuesday sending all three major U.S. stock indexes higher. S&P 500 is now within 5 per cent of its record closing high reached on February 19, having plunged as much as 18.9 per cent below that level in the wake of Donald Trump's erratic tariff announcements, which have whipsawed markets for much of the President's second term. According to preliminary data, the S&P 500 gained 118.93 points, or 2.05 per cent, to end at 5,921.75 points, while the Nasdaq Composite gained 460.64 points, or 2.46 per cent, to 19,197.85. The Dow Jones Industrial Average rose 738.18 points, or 1.77 per cent, to 42,341.25. All 11 major sectors of the S&P 500 were green. Airlines and megacap tech-related growth stocks were the clear outperformers. Semiconductors were also ahead of the pack, one day before chipmaker Nvidia is due to report its quarterly results. Year-on-year, the AI darling is expected to post a 43.5 per cent jump in earnings per share, on a 66.2 per cent revenue surge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artificial Intelligence and Machine Learning For Working Professionals. BITS Pilani WILP Apply Now Undo Temu-parent PDD Holdings dropped after reporting a 47 per cent fall in first-quarter profit and missed quarterly revenue estimates. Investor risk appetite was buoyed by U.S. President Donald Trump's latest tariff respite and an unexpected jump in consumer confidence. Strength in the AI-related "magnificent seven" group of momentum stocks putting the tech-laden Nasdaq out front. Live Events FAQs Q1. What are key indexes of US Stock Market ? A1. Key indexes of US Stock Market are -- S&P 500, Dow Jones, and Nasdaq. Q2. How has S&P 500 performed? A2. All 11 major sectors of the S&P 500 were green.
