Latest news with #Ithaca
Business Wire
2 days ago
- Business
- Business Wire
TransAct Technologies Acquires Perpetual License to BOHA! Source Code
HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) ('TransAct' or the 'Company'), a global leader in software-driven technology and integrated printing solutions for large and emerging markets, has acquired a perpetual license to a copy of the source code for the BOHA! software that it licenses from Avery Dennison. Under the terms of the agreement, TransAct has obtained a perpetual and royalty free license to use, host, market, sublicense, distribute, copy, and modify the code as the Company sees fit for its business purposes. 'I believe this is a pivotal moment for TransAct that allows us the freedom to modify, extend and enhance the code as we see fit, without royalties or contractual constraints going forward,' said John Dillon, Chief Executive Officer of TransAct. 'Acquiring the source code provides us greater operational freedom, and we expect it will eventually enhance our financials, leading to greater value for TransAct stockholders and employees. I'm happy to have completed this transaction and believe this is a significant and transformative step forward for the Company.' The Company expects to launch its fully supported version of BOHA! in early 2027. Total consideration for the acquisition is $2.55 million, plus professional services fees of approximately $1.0 million for transition services to be provided by Avery Dennison. About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and integrated printing solutions for large and emerging markets including food service, casino and gaming, and POS automation. The Company's solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ®, AccuDate ®, EPICENTRAL ®, Epic Edge ® and Ithaca ® brands. TransAct has sold over 4.0 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit or call (203) 859-6800. ©2025 TRANSACT Technologies Incorporated. All rights reserved. TransAct ®, BOHA! ®, AccuDate ®, Epic Edge ®, EPICENTRAL ® and Ithaca ® are registered trademarks of TransAct Technologies Incorporated. Forward-Looking Statements Certain statements included in this press release include forward-looking statements within the meaning of the U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent current views about possible future events and are often identified by the use of forward-looking terminology, such as 'may,' 'will,' 'could,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'believe,' 'project,' 'plan,' 'predict,' 'design' or 'continue,' or the negative thereof, or other similar words. Forward-looking statements are subject to certain risks, uncertainties and assumptions. In the event that one or more of such risks or uncertainties materialize, or one or more underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. Important factors and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to, the following: the amount of expenditures in connection with the transition of the source code; divergence of engineering resources and management attention from other aspects of the Company's business to support the source code transition; the ability of Avery Dennison to deliver the source code on a timely basis, or at all, and to provide the transition services; the potential for defects in the source code; potential interruptions in the provision of the Company's products and services during or after the transition period, which may harm customers and damage the Company's reputation; and other risk factors identified and discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's periodic and other reports filed with the Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements, which speak only as of the date of this release. We undertake no obligation to publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except where we are expressly required to do so by applicable law.
Bloomberg
7 days ago
- Business
- Bloomberg
Cornell Alum Buys College President's House for $2.8 Million
A Cornell University alumnus bought the longtime home for the college's presidents after the Ivy League school put the property on the market amid budget constraints. A spokesperson for the university said a 'devoted Cornell alumnus' purchased the Tudor-style residence — known as Robin Hill — for $2.785 million. The home in Ithaca, New York, was vacant and Cornell did not have plans to use it in the near term, the spokesperson said in an emailed statement.
Business Insider
29-07-2025
- Business
- Business Insider
Google's (GOOGL) DeepMind Introduces AI Model for Ancient Roman Inscriptions
Researchers from tech giant Google's (GOOGL) DeepMind recently introduced Aeneas, an AI model that is designed to help historians understand and interpret ancient Roman inscriptions. These writings, which can be found on monuments, everyday objects, and even graffiti, are important for learning about Roman life, but are often incomplete or damaged. Traditionally, analyzing them required a lot of manual work. However, Aeneas solves this problem by finding similar texts, restoring missing pieces, and placing inscriptions in their historical context much faster than before. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The model was created by the University of Nottingham in partnership with the Universities of Warwick, Oxford, and the Athens University of Economics and Business. It builds on a previous tool called Ithaca, which focused on Greek inscriptions, but has been expanded to add Latin and uses a much larger database of over 176,000 examples. Interestingly, Aeneas can process both text and images, which allows it to figure out where an inscription came from and fill in gaps even when the missing length is unknown. This makes it especially useful for damaged artifacts. Notably, Aeneas has already proven to be useful in debates about famous inscriptions, such as the Res Gestae of Augustus. Instead of predicting one exact date, it provides a range of likely dates and explains the clues it used. In addition, tests with professional historians showed that the tool improved their accuracy and helped them spot connections they might not have noticed otherwise. As a result, Aeneas is being shared openly to support research and museum work, with plans to add other ancient languages and artifacts in the future. Is Google Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 27 Buys and nine Holds assigned in the past three months. Furthermore, the average GOOGL price target of $215.09 per share implies 12.5% upside potential.
Engadget
23-07-2025
- Science
- Engadget
Google DeepMind's Aeneas model can restore fragmented Latin text
At its best, AI is a tool, not an end result. It allows people to do their jobs better, rather than sending them or their colleagues to the breadline. In an example of "the good kind," Google DeepMind has created an AI model that restores and contextualizes ancient inscriptions. Aeneas (no, it's not pronounced like that ) is named after the hero in Roman mythology. Best of all, the tool is open-source and free to use. Ancient Romans left behind a plethora of inscriptions. But these texts are often fragmented, weathered or defaced. Rebuilding the missing pieces is a grueling task that requires contextual cues. An algorithm that can pore over a dataset of those cues can come in handy. Aeneas speeds up one of historians' most difficult tasks: identifying "parallels." In this setting, that means finding similar texts arranged by wording, syntax or region. DeepMind says the model reasons across thousands of Latin inscriptions. It can fetch parallels in seconds before passing the baton back to historians. DeepMind says it turns each text into a historical fingerprint of sorts. "Aeneas identifies deep connections that can help historians situate inscriptions within their broader historical context," the Google subsidiary wrote. One of Aeneas' most impressive tricks is restoring textual gaps of unknown length. (Think of it as filling out a crossword puzzle where you don't know how many letters are in each clue.) The tool is also multimodal, meaning it can analyze both textual and visual input. DeepMind says it's the first model that can use that multi-pronged method to figure out where a text came from. DeepMind says Aeneas is designed to be a collaborative ally within historians' existing workflows. It's best used to offer "interpretable suggestions" that serve as a starting point for researchers. "Aeneas' parallels completely changed my perception of the inscription," an unnamed historian who tested the model wrote. "It noticed details that made all the difference for restoring and chronologically attributing the text." Alongside the release of Aeneas for Latin text, DeepMind also upgraded Ithaca. (That's its model for Ancient Greek text.) Ithaca is now powered by Aeneas, receiving its contextual and restorative superpowers. Researchers can take Aeneas for a spin at DeepMind's "Predicting the Past" website. It also open-sourced the model's code and dataset.
Yahoo
23-07-2025
- Entertainment
- Yahoo
Scooter Braun's Response to Still-Angry Taylor Swift Fans on Catalog Purchase: 'They Made the Horrible Miscalculation That I Care'
Scooter Braun has a message for Swifties, who are still angry with him over the handling of Taylor Swift's master recordings from six years ago. The music executive and former music manager made a recent appearance on Danielle Robay's Question Everything podcast, where he opened up about the hate he still receives from Swift's fan base years after the original sale of her catalog to Braun's Ithaca Holdings when he acquired her old record label Big Machine Label Group in 2019. The following year, Ithaca sold Swift's masters to Shamrock Capital for a reported $300 million, which the singer infamously criticized, leading her to rerecord her albums. More from The Hollywood Reporter Justin Bieber's 'Swag': A Silver Lining for the No. 2 Chart Debut Why Rock Music Is Thriving in the Streaming Era Laysla De Oliveira to Star in 'Cowboy,' the Debut Feature From Midland's Cameron Duddy (Exclusive) 'You know, me even talking about this now, there's gonna be … They're gonna be yelling and screaming and this, that and the other,' Braun said. 'You can't say anything right, and it is what it is. My response to that is they made the horrible miscalculation that I care. You know, I don't know those people out there. And if I met them in person and they needed my help, as a stranger, I would help them. 'I think people forget that when you have a fan base that big and 10,000 people are yelling at you, it feels like the world is ending, but that's less than 1 percent of a fan base that big,' Braun continued. 'I think most people are dealing with their own problems. I think most people are dealing with their own insecurities the same way I am, the same way every artist and every human being is. And I think it's just a more productive use of your time to not get stuck in the craziness of celebrity fodder and focus more on being kind to people.' Elsewhere in the interview, Braun said he believes 'everybody in the end won,' despite the years-long feud. 'We did very well in that sale because we bought it at a really great price and the value of the masters went up,' Braun said when asked to further explain what he meant. 'When I sold it, she had announced she was gonna do rerecords. And if you understand music, the value went up for the masters because Spotify and streamers created a longer decay than buying just CDs. People would listen to them more, so there's a longer decay, but it's still decaying. But when she rerecorded, all ships rise in a world of streaming. So people were going on and they were A/B-ing them. They were listening in to see how much they sounded like [the originals]. 'So she did incredibly well and basically had the biggest moment of her career, reinvigorating her career with each one. It was brilliant on her part, but also each time she released one, you saw a spike in the original catalog,' he added. 'So, funny enough, everyone involved in the saga, from a business standpoint … One, she's the biggest she's ever been, the biggest artist of all time. We did really well with the asset. The people who bought the asset did really well because of those spikes. The only thing that I'm sad about is, that's a great example where all ships can rise and there doesn't need to be an enemy.' Robay notes in the episode's description on YouTube that the interview with Braun was filmed in April, before it was announced in May that Swift had bought back the rights to her first six albums in the deal with Shamrock Capital. 'This was a business deal to them, but I really felt like they saw it for what was to me: My memories and my sweat and my handwriting and my decades of dreams,' Swift said of the deal back in May. Best of The Hollywood Reporter From 'Party in the U.S.A.' to 'Born in the U.S.A.': 20 of America's Most Patriotic (and Un-Patriotic) Musical Offerings Most Anticipated Concert Tours of 2025: Beyoncé, Billie Eilish, Kendrick Lamar & SZA, Sabrina Carpenter and More Hollywood's Most Notable Deaths of 2025 Solve the daily Crossword
