Latest news with #Clarion
Forbes
5 days ago
- Business
- Forbes
Cracking The Code: How AI Revolutionizes Software Development
As more organizations awaken to the power generative AI holds for building software, this guide can light the way. Few practices stand to benefit from today's generative AI boom more than software development. Prompting GenAI systems to create code reduces repetitive processes and accelerates production cycles, freeing developers to focus on new, higher value projects. The upside is likely a big reason why 78% of developers surveyed by Stack Overflow said they were using AI-assisted programming tools to save time on routine tasks. Excitement aside, developers face learning curves while using GenAI to create code. Fortunately, Dell and NVIDIA have created this eBook, which follows a day in the life of a software developer whose team is tasked with conceptualizing a proof-of-concept (PoC). When Sam, an early career programmer, arrives at the office Monday morning she opens Jira and learns that her IT leadership team has requested a PoC sketch for a mobile shopping application. Building such a PoC could take multiple workdays but Sam knows that with the help of the company's coding assistant, named Clarion, she can quickly produce a mockup while minimizing mistakes. With her plan in mind, Sam begins prompting Clarion: You're a software developer. Please write a sample function for a mobile shopping app. Choose the most optimal language, such as Java or Python, to build the app. Sam watches her screen as Clarion instantly produces credible code that would have taken her an hour or more to write and refine. Clarion elected to write the code in Java, a choice Sam approves of given its track record of success in mobile app development. Going the extra mile in case leadership wants broader functionality, Sam prompts Clarion to connect the script via an API call to the Shopify mobile shopping service. Again, Clarion produces the code in seconds. But how does Sam know if the code is clean enough to work? She could pore over it line by line but not today. Sam asks Clarion to test and validate the code: Pretend you're a quality assurance tester. Execute a quality assurance test for the mobile app shopping script above. Be sure to debug the script and validate the code. Explain your work. Clarion quickly produces a debugging script and executing code validation. Moreover, knowing that documentation is a critical proof point for PoCs—or really any software development enterprise—Sam asks Clarion to document the entire technical process. Clarion does so in seconds. Reflecting on the process, Sam realizes that streamlining such tasks reduces the cognitive workloads on developers while enhancing overall code quality. Although Sam is excited by the potential of Clarion to turbocharge productivity for her IT organization, she is also pragmatic. As impressive as the output is, it's just the start. Leadership will expect a storyboard, wireframe and user interface schematics to flesh out a minimum viable product. She and her team must also check Clarion's work, consistent with her organization's guidelines for ensuring a human remains in the loop throughout the development process. Regardless, Sam huddles with her developer team, they check the code in and present the PoC to leadership. They are impressed by all the team accomplished in such a short time. Sam's scenario presents a snapshot of the potential productivity impact of GenAI. And as coding assistants advance, they will likely create a flywheel leading to more breakthroughs in AI—and corresponding productivity boosts. In time, McKinsey expects GenAI will alter the software development lifecycle, improving product quality while freeing teams to spend more time on higher-value work, including innovation that improves the user experience for internal stakeholders or customers. Regardless of the path organizations choose to take using GenAI to augment software development, they will need trusted expertise to help pick use cases, as well as robust technology infrastructure on which to deploy them. Dell Technologies and NVIDIA can help your organization leverage AI to drive innovation and achieve your business goals. The Dell AI Factory with NVIDIA delivers capabilities to accelerate your AI-powered use cases, integrate your data and workflows and enable you to design your own AI journey for repeatable, scalable outcomes. From NVIDIA accelerated computing, software and networking technology to Dell servers, storage and professional services, the Dell AI Factory with NVIDIA helps organizations achieve the optimal outcomes from their AI use cases. As GenAI reshapes the software development landscape, is your organization ready to seize on this shift? Learn more about the Dell AI Factory with NVIDIA.
Yahoo
22-05-2025
- Business
- Yahoo
Blackstone Begins Sale of Clarion Events While the Market Recovers
Blackstone Inc. (NYSE:BX) has started the selling process of UK-based Clarion Events to gauge private equity interest after market disruption brought on by former US President Donald Trump's tariff policies, according to four sources with knowledge of the situation. After purchasing Clarion for £600 million in 2017, the private equity behemoth helped the company withstand the COVID-19 crisis. According to one source, the business might now sell for about £2 billion, or about 12x its EBITDA. A side view of a traditional bank branch, its polished glass entrance indicating a secure and reliable banking experience. Information memoranda were distributed this month, and CVC, KKR, PAI Partners, Ardian, and Hillhouse Investment expressed interest. Clarion's Global Sources trade fairs in China are the source of these inquiries. As events in China and Hong Kong improved, Clarion recently reported a revenue rise to £432.9 million for the 12 months ending January 2024, up from £257 million the year before. Following the volatility of the tariff, the prospective Clarion deal would rank among the biggest private equity deals. Blackstone Inc. (NYSE:BX) postponed the process in anticipation of stability after Trump's tariff announcement on April 2 caused the biggest dealmaking slump in 20 years. The company observed that Clarion has controlled expenses despite pressure and that its cash flows are above budget. Recent agreements like KKR's $3.1 billion OSTTRA sale and Prada's $1.38 billion Versace acquisition show that the sentiment has improved following the U.S.-China tariff truce. While we acknowledge the potential of BX to grow, 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 BX and that has 100x upside potential, check out our report about this READ NEXT: and .
Yahoo
22-05-2025
- Business
- Yahoo
Blackstone Begins Sale of Clarion Events While the Market Recovers
Blackstone Inc. (NYSE:BX) has started the selling process of UK-based Clarion Events to gauge private equity interest after market disruption brought on by former US President Donald Trump's tariff policies, according to four sources with knowledge of the situation. After purchasing Clarion for £600 million in 2017, the private equity behemoth helped the company withstand the COVID-19 crisis. According to one source, the business might now sell for about £2 billion, or about 12x its EBITDA. A side view of a traditional bank branch, its polished glass entrance indicating a secure and reliable banking experience. Information memoranda were distributed this month, and CVC, KKR, PAI Partners, Ardian, and Hillhouse Investment expressed interest. Clarion's Global Sources trade fairs in China are the source of these inquiries. As events in China and Hong Kong improved, Clarion recently reported a revenue rise to £432.9 million for the 12 months ending January 2024, up from £257 million the year before. Following the volatility of the tariff, the prospective Clarion deal would rank among the biggest private equity deals. Blackstone Inc. (NYSE:BX) postponed the process in anticipation of stability after Trump's tariff announcement on April 2 caused the biggest dealmaking slump in 20 years. The company observed that Clarion has controlled expenses despite pressure and that its cash flows are above budget. Recent agreements like KKR's $3.1 billion OSTTRA sale and Prada's $1.38 billion Versace acquisition show that the sentiment has improved following the U.S.-China tariff truce. While we acknowledge the potential of BX to grow, 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 BX and that has 100x upside potential, check out our report about this READ NEXT: and . Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Blackstone launches Clarion sale as markets stabilise, sources say
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Blackstone has kicked off the sale of Clarion Events, four people familiar with the matter said, in a test of demand for takeovers after weeks of market turmoil stymied dealmaking. Blackstone bought Clarion, which runs international trade shows in electronics, gaming, energy, security and defence, in 2017 for 600 million pounds ($802 million) and supported it through the COVID pandemic, when the events industry came to a sudden halt, hammering the company's revenue and earnings. The U.S.-based private equity fund distributed information memoranda earlier this month and has drawn interest from funds including CVC, KKR, PAI Partners and Ardian, the four people said, speaking on condition of anonymity. Asian private equity firm Hillhouse Investment is also interested in Clarion, which hosts trade shows in China via its Global Sources business, one of the people said. Clarion could fetch around 12 times earnings before interest, tax, depreciation and amortisation, that person said, potentially valuing the company around 2 billion pounds. Reuters reported last year that Blackstone had started exploring options for the business. Spokespeople for Blackstone, KKR, Hillhouse, CVC, PAI Partners and Ardian declined to comment. Clarion did not immediately return requests for comment. The business would be one of the biggest private equity assets to come to market after weeks of volatility triggered by U.S. President Donald Trump's tariff policies, which led to the biggest decline in dealmaking globally for 20 years. Blackstone has been waiting for clarity on the economic outlook and the impact of Trump's tariffs before launching the process, the people said. Clarion has been managing its cost base and cashflows and monitoring economic pressures, it said in a review of the first half of its 2024-2025 financial year, adding that cashflows were outperforming budget. There is no guarantee that a deal will emerge, the people said. Investor sentiment has picked up in recent weeks after the U.S. and China agreed to temporarily slash tariffs. Share benchmarks in Europe and the U.S. have recovered from their tumbles after Trump's April 2 tariff announcement. Prada's $1.38 billion purchase of smaller rival Versace from Capri Holdings, DoorDash's $3.6 billion offer for Deliveroo, and KKR's $3.1 billion deal for post-trade services business OSTTRA are among deals that have reached the finish line. Clarion, which organises the London International Horse Show among other events, saw revenue jump to 432.9 million pounds in the 12 months through January 2024 from 257 million pounds a year earlier, as the industry returned to normal in China and Hong Kong, according to its most recent results. ($1 = 0.7484 pounds) 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
20-05-2025
- Business
- Yahoo
Blackstone launches Clarion sale as markets stabilise, sources say
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Blackstone has kicked off the sale of Clarion Events, four people familiar with the matter said, in a test of demand for takeovers after weeks of market turmoil stymied dealmaking. Blackstone bought Clarion, which runs international trade shows in electronics, gaming, energy, security and defence, in 2017 for 600 million pounds ($802 million) and supported it through the COVID pandemic, when the events industry came to a sudden halt, hammering the company's revenue and earnings. The U.S.-based private equity fund distributed information memoranda earlier this month and has drawn interest from funds including CVC, KKR, PAI Partners and Ardian, the four people said, speaking on condition of anonymity. Asian private equity firm Hillhouse Investment is also interested in Clarion, which hosts trade shows in China via its Global Sources business, one of the people said. Clarion could fetch around 12 times earnings before interest, tax, depreciation and amortisation, that person said, potentially valuing the company around 2 billion pounds. Reuters reported last year that Blackstone had started exploring options for the business. Spokespeople for Blackstone, KKR, Hillhouse, CVC, PAI Partners and Ardian declined to comment. Clarion did not immediately return requests for comment. The business would be one of the biggest private equity assets to come to market after weeks of volatility triggered by U.S. President Donald Trump's tariff policies, which led to the biggest decline in dealmaking globally for 20 years. Blackstone has been waiting for clarity on the economic outlook and the impact of Trump's tariffs before launching the process, the people said. Clarion has been managing its cost base and cashflows and monitoring economic pressures, it said in a review of the first half of its 2024-2025 financial year, adding that cashflows were outperforming budget. There is no guarantee that a deal will emerge, the people said. Investor sentiment has picked up in recent weeks after the U.S. and China agreed to temporarily slash tariffs. Share benchmarks in Europe and the U.S. have recovered from their tumbles after Trump's April 2 tariff announcement. Prada's $1.38 billion purchase of smaller rival Versace from Capri Holdings, DoorDash's $3.6 billion offer for Deliveroo, and KKR's $3.1 billion deal for post-trade services business OSTTRA are among deals that have reached the finish line. Clarion, which organises the London International Horse Show among other events, saw revenue jump to 432.9 million pounds in the 12 months through January 2024 from 257 million pounds a year earlier, as the industry returned to normal in China and Hong Kong, according to its most recent results. ($1 = 0.7484 pounds) Sign in to access your portfolio
