Latest news with #ArtificialIntelligence-powered
Yahoo
22-05-2025
- Business
- Yahoo
Why Warby Parker Inc. (WRBY) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where Warby Parker Inc. (WRBY) stands against other stocks that skyrocketed today. Ten companies boasted whopping gains on Tuesday despite a wider market pessimism, as a flurry of corporate developments, including impressive earnings and bullish outlooks, sparked buying appetite. In contrast, Wall Street's main indices all finished in the red territory. The Dow Jones was down by 0.27 percent, the S&P 500 dropped 0.39 percent, and the tech-heavy Nasdaq declined 0.38 percent. In this article, we named the 10 best-performing stocks during the trading session and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. Warby Parker Inc. saw its share prices surge by 15.63 percent on Tuesday to close at $20.34 apiece as investor sentiment was buoyed by news that it secured a $75-million investment from technology giant Google, in line with plans to jointly develop Artificial Intelligence-powered glasses. In a statement, Warby Parker Inc. (WRBY) said that Google committed to investing the said amount in the company at its option, subject to reaching certain collaboration milestones. Additionally, it secured another $75 million to fund expenses needed for product development and commercialization. Upon completion, Warby Parker Inc. (WRBY) said they intend to officially launch the smart glasses to the market after this year. 'We believe multimodal AI is perfectly suited for glasses, enabling real-time context and intelligence to augment a wearer's surroundings as they move through the world. We couldn't be more excited to be partnering with Google to bring together the best of AI and the best of eyewear,' said Warby Parker Inc. (WRBY) co-founder and co-CEO Dave Gilboa. Overall, WRBY ranks 10th on our list of today's best-performing stocks. While we acknowledge the potential of WRBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRBY and that has 100x upside potential, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
21-05-2025
- Business
- Yahoo
Why Warby Parker Inc. (WRBY) Skyrocketed Today
We recently published a list of . In this article, we are going to take a look at where Warby Parker Inc. (WRBY) stands against other stocks that skyrocketed today. Ten companies boasted whopping gains on Tuesday despite a wider market pessimism, as a flurry of corporate developments, including impressive earnings and bullish outlooks, sparked buying appetite. In contrast, Wall Street's main indices all finished in the red territory. The Dow Jones was down by 0.27 percent, the S&P 500 dropped 0.39 percent, and the tech-heavy Nasdaq declined 0.38 percent. In this article, we named the 10 best-performing stocks during the trading session and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. Warby Parker Inc. saw its share prices surge by 15.63 percent on Tuesday to close at $20.34 apiece as investor sentiment was buoyed by news that it secured a $75-million investment from technology giant Google, in line with plans to jointly develop Artificial Intelligence-powered glasses. In a statement, Warby Parker Inc. (WRBY) said that Google committed to investing the said amount in the company at its option, subject to reaching certain collaboration milestones. Additionally, it secured another $75 million to fund expenses needed for product development and commercialization. Upon completion, Warby Parker Inc. (WRBY) said they intend to officially launch the smart glasses to the market after this year. 'We believe multimodal AI is perfectly suited for glasses, enabling real-time context and intelligence to augment a wearer's surroundings as they move through the world. We couldn't be more excited to be partnering with Google to bring together the best of AI and the best of eyewear,' said Warby Parker Inc. (WRBY) co-founder and co-CEO Dave Gilboa. Overall, WRBY ranks 10th on our list of today's best-performing stocks. While we acknowledge the potential of WRBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRBY and that has 100x upside potential, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Express Tribune
14-02-2025
- Express Tribune
Power of AI brings Urdu books to life
KARACHI: Engineers at NED University of Engineering and Technology claim to have developed an Artificial Intelligence-powered application that brings Urdu books to life. The app can convert printed Urdu text from images or fonts into editable digital files. The text is then transformed into speech, creating an audiobook from any Urdu text. "The beta version of the app is expected to be released within the next three months," the project lead, Associate Professor Dr Majida Kazmi, told The Express Tribune. The app is capable of adjusting font sizes ranging from 8 to 40, while also offering 135 different script styles, she said, adding that the app will allow users to quickly translate websites from various languages, including English, into Urdu, making content more accessible. The project has been supported by the Anjuman Tarqi Urdu. Despite Urdu being the 10th most spoken language in the world, its digital footprint has been limited, Dr Kazmi said. The project aims to address this gap by making Urdu texts - whether from books, articles, or other sources - machine-readable. One of the project's features is its ability to convert Urdu text to speech, providing a synthetic voice with clear and accurate pronunciation. This ensures that users can listen to the content with an authentic Urdu accent. The technology has even been tested with older newspapers, proving its versatility in handling diverse types of written Urdu.
