Latest news with #Inflection
Yahoo
19-05-2025
- Business
- Yahoo
AAC Clyde Space AB (ACCMF) Q1 2025 Earnings Call Highlights: Strategic Contracts and Challenges ...
Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AAC Clyde Space AB (ACCMF) maintained strong EBITDA this quarter, indicating progress towards profitability. The company secured a significant contract with the European Space Agency and the UK Space Agency to develop a new constellation of satellites, valued at 350 million, with half funded by the government. AAC Clyde Space AB (ACCMF) is launching its first satellite in the new data and services constellation, Viium, later this year, expanding its business beyond hardware. The company has a strong order backlog, providing 80% of the yearly revenue needed to achieve financial objectives. AAC Clyde Space AB (ACCMF) has a positive relationship with space agencies, facilitating innovative programs like Inflection, which is a public-private partnership. Net sales were maintained from last year, but the company hoped for growth, indicating potential challenges in achieving sales targets. Cash flow was negative this quarter, which is expected to vary significantly due to the nature of the business. The order backlog has reduced to a level where the company is not comfortable, indicating potential challenges in meeting future sales targets. The company faces external challenges such as new tariffs and market uncertainties, impacting its operations. There are concerns about the variation in sales due to the lumpy nature of the space business, with large contracts causing fluctuations. Warning! GuruFocus has detected 2 Warning Signs with ACCMF. Q: Could you provide an overview of AAC Clyde Space and what sets it apart from the competition? A: AAC Clyde Space aims to leverage space technology to improve life on Earth. The company delivers both hardware and data services, focusing on maritime tracking, forest management, and climate monitoring. They differentiate themselves by being agile and capable of quick delivery compared to larger competitors like Airbus and Lockheed Martin. Q: How does AAC Clyde Space view its financial results for the quarter, particularly regarding net sales and cash flow? A: The company maintained its net sales from the previous year, despite external challenges. While cash flow was negative, this is expected due to the nature of their business, which involves large procurements and variable cash flows. They emphasize judging their performance on an annual basis rather than quarterly. Q: What are the key strategic milestones for AAC Clyde Space in the coming year? A: The company is focused on launching the first satellite in their new data and services constellation, expanding their maritime services, and securing a significant contract for weather instruments. They are also working on a 350 million contract with the European and UK Space Agencies to develop a new satellite constellation. Q: Can you explain the company's relationship with space agencies and the significance of the Inflection project? A: AAC Clyde Space has a strong relationship with the UK and European Space Agencies, which has led to the Inflection project. This initiative is based on innovative technology for ship tracking and communications, with half of the funding coming from government sources. The project is seen as a unique capability for Europe. Q: What is the company's outlook for the rest of the year, and have there been any changes to their guidance? A: AAC Clyde Space maintains its guidance for double-digit growth in net sales, positive EBITDA, and operational cash flow. They have a strong pipeline and expect significant developments in the last quarter of the year, with ongoing investments in data and services to build their backlog. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
07-05-2025
- Business
- Yahoo
Operational Resilience: Nozomi Networks CEO Edgard Capdevielle & SVP of Finance George Todd, Live at RSAC 2025
Tech Edge hosted a fireside chat on April 30 at RSAC 2025 in San Francisco with Edgard Capdevielle, Chief Executive Officer, and George Todd, Senior Vice President of Finance at Nozomi Networks. The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed the importance of protecting critical infrastructure from cyber threats, the use of AI-powered analysis for effective incident response, among other topics. Watch the interview below: About Edgard Capdevielle Edgard brings an extensive background in successfully managing and expanding markets for both start-ups and established technology companies to his role as CEO. Previously he was Vice President of Product Management and Marketing for Imperva, where he led teams that made the company's web and data security products leaders in their space. Prior to that he was a key executive at storage companies Data Domain and EMC. Focused on developing Nozomi Networks' global business, Edgard's tremendous passion, energy, vision and drive-to-win is being brought to bear on guiding Nozomi Networks to its next stage of development. Edgard has a MBA from the University of California at Berkeley and a Bachelor's degree in Computer Science and Electrical Engineering from Vanderbilt University. About George Todd George brings more than 17 years of financial leadership to Nozomi Networks, having successfully guided the strategic growth of startup technology companies as well as large public companies. Before joining Nozomi Networks, he was Chief Accounting Officer at Inflection. At Inflection, George helped guide the company's go-to-market expansion and lead the company's successful exit in Q2 2022. Prior to Inflection, George held leadership roles at Esurance and PwC. During his time at Esurance, he scaled the finance team and led the integration with Esurance's parent company, Allstate. At PwC, George helped his large public company clients solve some of their most complex business and financial issues. George is a CPA and holds a bachelor's degree in accounting from Lehigh University. About Nozomi Networks Nozomi Networks protects the world's critical infrastructure from cyber threats. Our platform uniquely combines network and endpoint visibility, threat detection, and AI-powered analysis for faster, more effective incident response. Customers rely on us to minimize risk and complexity while maximizing operational resilience. Contact: Exec Edge Editor@
Bloomberg
20-03-2025
- Business
- Bloomberg
An AI Startup Couldn't Beat Microsoft. So It Joined Them
Reid Hoffman sat down with Mustafa Suleyman in the fall of 2023 to talk about the uncertain future of their startup, Inflection AI. From the moment they'd founded it 18 months earlier, there had seemed something can't-miss about Inflection. Hoffman was perhaps the best-connected person in Silicon Valley. Suleyman, who co-founded DeepMind and sold it to Google for $650 million in 2014, was a star in his own right, as was Inflection's other co-founder, Karén Simonyan, a top researcher in the field. Inflection's product, a chatbot named Pi, had quickly attracted millions of monthly users by communicating a sense of emotional intelligence. Inflection's founders defined success as expanding that user base into hundreds of millions, and ultimately billions, of people. Their oversize ambition, and that of their investors, was a company whose value might top $1 trillion. The startup founded in a garage or a friend's living room only to grow into tech's next Google or Facebook had always been the essence of Silicon Valley. Yet artificial intelligence called into question whether it was even possible for a startup like Inflection to follow that path, given generative AI's voracious demand for resources.
Associated Press
08-03-2025
- Business
- Associated Press
CORRECTING and REPLACING VIDEO Inflection Global Education Well-Being Platform Expands Support for Employees Navigating Relationship Challenges
SAN FRANCISCO & AUCKLAND, New Zealand--(BUSINESS WIRE)--Mar 7, 2025-- Please replace the video accompanying the release dated March 6, 2025, with the accompanying corrected video. This press release features multimedia. View the full release here: The release reads: INFLECTION GLOBAL EDUCATION WELL-BEING PLATFORM EXPANDS SUPPORT FOR EMPLOYEES NAVIGATING RELATIONSHIP CHALLENGES Inflection, the global leader in providing comprehensive expert-led educational resources for workplace well-being, is proud to announce the launch of DivorceIQ, a groundbreaking program designed to support employees navigating the complex and emotionally taxing journey of relationship challenges. 'It was crucial for us to provide the education and tools people need while navigating relationship turmoil—not just after a divorce decision has been made. That's why DivorceIQ includes a detailed relationship assessment to assist those who choose to repair their relationship, as well as support for those who decide to pursue separation,' says Jake Anderson-Bialis, Co-Founder of Inflection. 'Importantly, we recognize that not all relationships fit within the legal definition of marriage. DivorceIQ also highlights key considerations for individuals in long-term partnerships, domestic partnerships, and cohabiting relationships who face similar emotional and logistical challenges.' Navigating Relationship Challenges: Divorce's Impact on Well-being and Work Divorce is widely recognized as one of life's most stressful events, with significant consequences for an individual's mental health, professional performance, and workplace engagement. Dr. Emily Turner, a clinical psychologist and workplace well-being expert, explains, 'Relationship turmoil doesn't just affect individuals on a personal level—it often spills over into their professional lives, leading to reduced concentration, emotional fatigue, and burnout. Providing employees with the tools and support to navigate this difficult time can directly enhance their mental well-being and improve their workplace performance.' On-Demand Education—Support Anytime, Anywhere Recent research underscores the importance of workplace support during times of relationship stress. A U.S.-based study highlights that while divorce or separation can negatively impact work, for some employees, the experience can lead to positive outcomes, such as greater focus and increased energy. In these cases, individuals used work as an escape or a way to regain a sense of control and purpose. According to the study, 'The removal of the stressor of marriage or a challenging relationship seemed to restore a cycle of resource gain, with employees experiencing greater time, focus, and energy at work.' This highlights the need for tailored support, as the impact of divorce, separation, or relationship turmoil on work is highly individual. Employers who understand this nuance can help mitigate negative outcomes while fostering potential growth—demonstrating a commitment to company culture and employee experience by providing support in moments that matter most. Expanding Workplace Well-Being The launch of DivorceIQ comes at a critical time, with nearly 50% of marriages in the U.S. ending in divorce and 25% of people considering divorce in the past six months. Benefits and Total Rewards leaders can use this program to better support employees during the emotional and practical impact of relationship turmoil on their teams. DivorceIQ joins MenopauseIQ, FertilityIQ, and SensitivityIQ in Inflection's well-being education platform, offering on-demand, expert-led video resources for employees and managers. These resources empower individuals with reliable, accessible education to make informed decisions during life's most pivotal moments—decisions that can ultimately shape their future well-being, health outcomes, and workplace performance. To learn more about Inflection and its expanded suite of products, visit our website or contact us at [email protected]. Sources: BBC Worklife, McKinsey & Company, CDC, J. R. Edwards & Rothbard, 2000 Corporate Wellness Magazine, November 2023 (Editorial feature quoting Dr. Emily Turner, Clinical Psychologist and workplace well-being expert) SOURCE: Inflection Copyright Business Wire 2025. PUB: 03/07/2025 08:06 PM/DISC: 03/07/2025 08:06 PM
Yahoo
27-01-2025
- Business
- Yahoo
LinkedIn Founder Reid Hoffman sees bright AI future and hopes his tech peers are right about Trump
LinkedIn founder Reid Hoffman has been immersed in Silicon Valley since his August 1967 birth in Palo Alto, California, in the shadow of Stanford University, where he and fellow technology luminary Peter Thiel became friends as college students during the 1980s. They went on to start PayPal during the late 1990s while working alongside a coterie of other bright-eyed entrepreneurs who went on to even bigger things, just as Hoffman did. That group — dubbed the 'PayPal Mafia' — included Tesla CEO Elon Musk, Yelp CEO Jeremy Stoppelman, and YouTube co-founders Chad Hurley and Steve Chen. Now worth an estimated $2.6 billion, Hoffman has been at the forefront of the artificial intelligence craze while investing in trailblazing startups such as ChatGPT maker OpenAI and Inflection. Unlike other prominent technologists who are worried about AI destroying humanity, Hoffman has co-written a new book called 'Superagency' that makes an optimistic case for AI. He recently talked with The Associated Press. Q: Are humans creating something smarter than themselves with AI? A: You already have some version of superintelligence right now. Obviously, we will be increasing that superintelligence, so we need to be thinking about which ways it's going to be making great additions and which ways it's going to make things more challenging. Humans are generally bad at transitions, and that is part of the reason for writing books like 'Superagency,' to try to say there are some positive design principles, some positive outcomes that we should be trying to work our way toward. Q: Do you think there is a chance that these superintelligent AI agents eventually may seem omniscient? A: AI agents are pretty useful for coaching and advising. Like if you were to say, 'Hey, how should I approach this thorny problem?' An AI agent can be a pretty good advice-giving coach. And so you can imagine it being a useful tutor across a wide variety of subjects, including even spiritual or counseling or mental ones. And I think that could be positive for the evolution of humanity, having something talking to us that is infinitely patient and is trying to help us get to our better selves. So, yes, you could have a 'Consult the Oracle' situation with AI agents. Q: What's the risk of some people embracing AI as a bosom buddy and becoming more socially isolated? A: Some of that will happen for sure, the same way some people isolated themselves with TV or the internet. Part of this will be about the design focus. If you go to Inflection's AI agent, Pi, and say, 'Hey you're my best friend,' Pi, will say, 'No, I am your AI companion, let's talk about your friendships. Have you seen any of your friends recently or want to see them?' We want AI agents being softly and gently encouraging, to be tied into the human circumstance, which I think is what most people really want. Q: On the flip side, as these AI agents become more human-like, could that get people more in touch with their own humanity? A: Our humanity is expressed in how we incorporate technology in our lives, just as we are communicating through Zoom for this interview. I think that is part of our humanity. Q: Switching topics, are you worried about President Trump retaliating against you for being one of Kamala Harris' biggest supporters in Silicon Valley leading up to last year's election? 2024 obviously was a very intense year and what I am trying not to do is speculate too much about that because in 2025 I am going to really focus on how I build and fund really interesting AI companies and other areas that help build industries that make a difference. My obvious hope is that the incoming administration will turn to a positive agenda. I kind of feel at this point that speculation is not really helpful. We will see in a couple of months how it's all going to play out. Q: Were you surprised by how much support President Trump got from other technology billionaires like Elon Musk and Marc Andreessen? A: It wasn't surprising that the people who were very intensely pro-cryptocurrency were pro-Trump because the Biden administration was so negative on crypto. Also the fact that the Biden administration — unlike the Obama administration — was not putting in a lot of energy into saying, 'Hey we think that new technology and new technology companies of the future are really important.' And I think a bunch of the Biden administration staff was somewhat negative on large, tech companies. What did surprise me — and now I am very much hoping they are right — is that they thought the Trump administration would be very strongly and thoughtfully pro business across the arena. Let's see what happens with tariffs, let's hope that it doesn't play out in a particularly challenging way. A: Do you think your old PayPal colleagues Peter Thiel and Elon Musk are playing a form of political chess? The thing that is so important about Silicon Valley is the broadly held belief — even if it's manifested differently in Peter versus me or other people, — is that the creation of new technology companies is how progress is made. And I think it's an important mission for the country and the world as well as Silicon Valley. The degree to which they are playing chess around that, I don't know. But I think they are driven on that mission and part of what they are doing is trying to make sure that mission is fully realized in the Trump administration. Q: Do you agree with Trump's supporters in Silicon Valley that it's time to ease up on the rigorous regulation of tech that we had during President Biden's administration? A: I do. I hope there will be much more enablement of technology innovation. Q: Going back to your book, what do you say about AI pioneers like Nobel Prize winner Geoffrey Hinton who now see the technology as a threat to humanity? A: I tend to rate a lot of risks based on how does it compare to my risk to driving to the airport because every time you get in a car and drive to the airport, the highest risk of the journey is on the drive and not on the plane. If the risk is in the automobile-level of percentage, then I don't worry about it that much. And, if you say, 'Well this is much bigger, this could be an existential human risk.' Then I say, 'Well, yeah, that's part of the reason you put more energy into being protective in navigating and steering it.' Sign in to access your portfolio
