Latest news with #MaxMa
Yahoo
12-05-2025
- Business
- Yahoo
7thonline Launches an AI-powered Merchandise Planning Tool That Auto-populates Winning Strategies
The firm 7thonline, a leader in multichannel, AI-based merchandise planning and inventory management solutions for retail, has launched CoPlanner, which the company describes as 'a groundbreaking tool that auto-populates merchandise plans by analyzing historical data to identify what has worked best in the past.' Retailers can think of it as an AI-powered merchandising partner that uses conversational AI. More from WWD 25 Years After the Dot-com Boom: How the Internet Transformed Fashion Retail Forever A Swedish Brand Opens in London's Soho for Menswear Minimalists Celebrity-favorite Jewelry Designer Tries to Thwart Robbery in New York City Store: 'It Was Like a Scene From a Movie' 'Leveraging large language models, CoPlanner streamlines the planning process, enabling planners to make adjustments using natural-language queries and visualize the impact of their changes in real-time,' the company said, adding that the technology elevates merchandise planning while 'granting quick access to actionable insights and stimulating results of various scenarios.' The company said the system is designed to 'continuously refine recommendations, freeing retailers to focus on strategic decision-making rather than manual processes on Excel.' Max Ma, chief executive officer of 7thonline, said his company's goal with the launch 'is to make merchandise planning more intelligent, data-driven and automated. CoPlanner helps retailers start smarter by building on what already works, and then evolving those plans as conditions change.' Ma said automatically, 'Planning gets more precise and better over time as the system learns which planner-made adjustments are most accurately reflected in real-time data.' The platform culls and integrates data from various sources, including past sales, turnover, markdowns, seasonality and even regional product demand, to auto-generate a smart, performance-driven merchandise plan. 'Using conversational AI, 7thonline's CoPlanner identifies winning patterns through contextual generative AI and applies trending insights at scale across categories,' the company said in a statement. The value proposition for retailers includes saving hours of manual planning work so they can make sense of the data they collect. The platform also allows for continuous refinements and adjustments as new data is fed into the system. The technology is also designed for a multichannel retail environment. 'CoPlanner fits seamlessly into existing 7thonline platforms, empowering retail brands to enhance decision-making and manage planning, assortments, and allocation proactively across all channels,' the company said. 'Whether for a single category or a multibrand portfolio, the tool gives planning teams the clarity and control to act fast and profitably.' Best of WWD Retailers Leverage First Insight for ESG Alignment What Steph Curry's Sneaker NFTs Can Teach Fashion Year in Review: Brands, Retailers Go Hyper-digital in a Challenging Landscape 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
Business Journals
21-04-2025
- Automotive
- Business Journals
Faraday Future anticipates 'short-term' impact from tariffs
THE REMAINDER OF The Los Angeles EV maker is navigating the choppy waters of international trade policy, seeing both challenges and opportunities in recent tariff changes. Faraday Future Intelligent Electric Inc. said over the weekend the Trump administration's tariff policy, which currently includes 145% tariffs on Chinese imports, could have a "short-term" impact on the electric vehicle maker's strategy. In the mid- to long-term, however, the company (Nasdaq: FFAI) is eyeing these developments as a "strategic opportunity." Faraday's reliance on Chinese original equipment manufacturers could present financial headwinds in the wake of the Trump administration's rising tariff proposals with China, and the company said in a Sunday statement that sourcing Chinese parts for its vehicles, which are assembled in the U.S., 'may bring short-term impact to the company's FX strategy,' referring to the new, less expensive Faraday car line that the company hopes to begin producing by the end of the year. However, Faraday said that its FX line is "committed to progressively shifting to U.S.-based suppliers" and believes "this initiative will also encourage global automotive supply chain enterprises to establish manufacturing operations in the U.S." The comments came after Faraday X CEO Max Ma participated in a business roundtable discussion at the White House last week that included tariffs and manufacturing, among other topics. "The company is actively engaging with the U.S. government and has submitted constructive proposals regarding automotive policy, particularly involving U.S.–China cooperation in the EV sector," Faraday said. Why Faraday Future aims to change its name The Gardena, California-based EV maker additionally said that it aims to change its name to Faraday Future AI Electric Vehicle Inc. to better reflect its growing emphasis on using artificial intelligence in its products. Last month, Faraday changed its symbol on the Nasdaq Stock Exchange from 'FFEI' to 'FFAI' to reflect that AI emphasis. Faraday scheduled an annual shareholders meeting for May 28 when stockholders will vote on whether to change the name of the company. Faraday also said that after filing a Form D with the Securities and Exchange Commission on April 16, the company's stock fell below $1 per share, and rumors began circulating that it would initiate another reverse stock split. 'We resolutely oppose a reverse stock split and are fully committed to maintaining our Nasdaq listing,' the company said in a statement last week. Shares closed Monday at 87 cents, below the Nasdaq's minimum $1 per share requirement. In the past few years, Faraday has enacted several reverse stock splits to keep its shares trading above $1, but company officials said that there will be no reverse stock split proposal at the May 28 shareholder meeting. Sign up for Business First's free daily newsletter to receive the latest business news impacting Los Angeles. Reach Ben Miller at bwmiller@
Yahoo
17-03-2025
- Automotive
- Yahoo
Faraday Future Establishes the World's First AI Hybrid Extended-Range Electric Powertrain System Company - Future AIHER - and Hosts Its First FF Open AI Day
The AI-focused event, held at the Company's Los Angeles headquarters, consisted of AI experts, panel guests, potential future AI talents and FF employees, and showcased the Company's current and future AI strategy developments. The new 'Future AIHER' subsidiary is dedicated to the commercialization and development of both AI extended range and AI hybrid extended-range electric powertrain systems and solutions for both FF and potential future FX models and to other automotive OEMs, as well as air, ground, and ocean applications, such as electric vertical takeoff and landing (EVTOL) aircraft, commercial trucking, and electric boating industries. FF and FX could offer up to three different powertrain systems: battery electric, range extended, and a super AI hybrid extended-range system designed specifically for U.S. consumers. LOS ANGELES, March 17, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it held its first Open AI Day covering FF and FX's AI strategy, products, and technology, and also announced the establishment of Future AIHER, the world's first AI hybrid extended-range electric powertrain system company, focusing on designing and developing two key products: a super AI hybrid extended-range system (AIHER) and a super AI extended-range system, along with comprehensive powertrain solutions to support them. An AIHER system would be a fusion of hybrids and range extenders, primarily range-extended with hybrid drive playing a secondary role. This newly formed subsidiary of FF is dedicated to the commercialization and development of AI-driven range extender systems for Extended Range Electric Vehicles (EREVs). The Open AI Day event, held at FF's Los Angeles headquarters, included Company presentations on topics related to AI, product and technology and background information on Future AIHER, led by YT Jia, Founder and Chief Product and User Ecosystem Officer of FF, and Max Ma, Global CEO of FX. Matthias Aydt, Global CEO of FF, planned to attend but was unable to do so due to unforeseen circumstances. Presentations, as well as panel discussions on AI and future key technologies and industry challenges in autonomous driving, were also held with attendees including with potential future AI candidates. A short video of the Open AI Day can be viewed here: FF and FX's overall AI strategy The Company's AI strategy is focused on full-vehicle AI integration. FF is building an end-to-end AI product ecosystem driven by in-house R&D and open integration, user-specific customization, extreme performance, open-source co-creation, and open-platform collaboration. It aims to develop an AI Agent with human-like intelligence, elevating the relationship between humans and vehicles, and driving the next evolution of the AIEV industry. FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, looking to set new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and potential partners. Comprehensive AI Strategy to Deliver Multi-Dimensional Value FF's AI strategy aims to introduce new revenue streams, such as in-car subscriptions and AI-driven value-added services. This could also enhance user loyalty and recognition. For users, FF and FX products could act as "intelligent partners," with product design centered on natural interaction methods, including voice and gesture controls. These features would deliver intuitive, seamless interactions that continuously improve through learning, offering personalized AI experiences. Through its "AI-First" approach and co-creation ecosystem, FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, setting new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and its partners. Next Steps for FF's and FX's AI Development and Planning The Company's AI product development plan consists of four phases: 1. AI foundation – Integrating large AI models and basic voice assistant features; 2. Advanced multimodal AI – Enhancing human-vehicle interaction and deepening integration into driving ; 3. AIOS Platform & API – Building AI automotive operating system (AIOS) and opening APIs to encourage co-creation; and 4. Continuous Upgrades – Improving FF's models and expanding commercial applications across industries. FF plans to accelerate the launch of three core AI-powered products and deploy them in potential future FX mass-production models: 1. Designing and developing a Super AIHER system; 2. AI Cabin Agent; and 3. End-to-end open-source large model AI driving. Powertrain innovations will be one of the Company's key priorities. Why FF is developing its Super AI Hybrid Extended-Range System Plug-in hybrid powertrains have known unaddressed issues: delayed power delivery and weak performance, limited intelligence capabilities, limited capability for intelligent technology integration; limited potential for building intelligent technology architecture; and high overall cost and low value for money. That's why FF is planning to design a revolutionary Super AIHER system. This system could solve the inherent flows of both current ranger extenders and plug-in hybrids and push their advantages to the extreme. FF aims to lead the transformation of powertrain technology. Future AIHER is positioning itself to lead commercialization and innovation through a two-phase strategic plan. In the short term, it would focus on integrating existing third-party range extender technology into the Faraday X (FX) concept vehicles, which could enable a faster market entry. In the long term, Future AIHER would aim to design and develop its own AI-driven range extender solutions, leveraging advanced technology to enhance efficiency and potentially expand commercialization opportunities to other mobility OEMs including the electric vertical takeoff and landing (EVTOL) industry. "Our first ever Open AI Day was a tremendous success and based on the enthusiastic feedback we received from attendees on both the AI topics and future powertrain strategy we plan to pursue, we are very excited for what the future holds here at FF," said Jia. "AI will reshape the use of automobiles. When we defined the FF 91, AI was nowhere near the capabilities of today, but we were envisioning a growing technology which let the car learn how the individual user prefers to use all functionality of the vehicle by itself. The way people move is a core use case for AI applications, and its future is being completely restructured." ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "committed to," "will," "aims to," and "future," variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the development and commercialization of EREVs, and integrating existing third-party range extender technology into the Faraday X concept vehicles, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price.. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the "Risk Factors" section of the Company's first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Sign in to access your portfolio
Associated Press
17-03-2025
- Automotive
- Associated Press
Faraday Future Establishes the World's First AI Hybrid Extended-Range Electric Powertrain System Company - Future AIHER - and Hosts Its First FF Open AI Day
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced that it held its first Open AI Day covering FF and FX's AI strategy, products, and technology, and also announced the establishment of Future AIHER, the world's first AI hybrid extended-range electric powertrain system company, focusing on designing and developing two key products: a super AI hybrid extended-range system (AIHER) and a super AI extended-range system, along with comprehensive powertrain solutions to support them. An AIHER system would be a fusion of hybrids and range extenders, primarily range-extended with hybrid drive playing a secondary role. This newly formed subsidiary of FF is dedicated to the commercialization and development of AI-driven range extender systems for Extended Range Electric Vehicles (EREVs). This press release features multimedia. View the full release here: Faraday Future Establishes the World's First AI Hybrid Extended-Range Electric Powertrain System Company - Future AIHER - and Hosts Its First FF Open AI Day (Photo: Business Wire) The Open AI Day event, held at FF's Los Angeles headquarters, included Company presentations on topics related to AI, product and technology and background information on Future AIHER, led by YT Jia, Founder and Chief Product and User Ecosystem Officer of FF, and Max Ma, Global CEO of FX. Matthias Aydt, Global CEO of FF, planned to attend but was unable to do so due to unforeseen circumstances. Presentations, as well as panel discussions on AI and future key technologies and industry challenges in autonomous driving, were also held with attendees including with potential future AI candidates. A short video of the Open AI Day can be viewed here: FF and FX's overall AI strategy The Company's AI strategy is focused on full-vehicle AI integration. FF is building an end-to-end AI product ecosystem driven by in-house R&D and open integration, user-specific customization, extreme performance, open-source co-creation, and open-platform collaboration. It aims to develop an AI Agent with human-like intelligence, elevating the relationship between humans and vehicles, and driving the next evolution of the AIEV industry. FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, looking to set new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and potential partners. Comprehensive AI Strategy to Deliver Multi-Dimensional Value FF's AI strategy aims to introduce new revenue streams, such as in-car subscriptions and AI-driven value-added services. This could also enhance user loyalty and recognition. For users, FF and FX products could act as 'intelligent partners,' with product design centered on natural interaction methods, including voice and gesture controls. These features would deliver intuitive, seamless interactions that continuously improve through learning, offering personalized AI experiences. Through its 'AI-First' approach and co-creation ecosystem, FF is driving the evolution of cars from traditional vehicles to intelligent mobile devices, setting new benchmarks for future smart vehicles. By fostering collaboration with global developers and AI experts, FF aims to propel industry-wide innovation, benefiting the sector and its partners. Next Steps for FF's and FX's AI Development and Planning The Company's AI product development plan consists of four phases: 1. AI foundation – Integrating large AI models and basic voice assistant features; 2. Advanced multimodal AI – Enhancing human-vehicle interaction and deepening integration into driving ; 3. AIOS Platform & API – Building AI automotive operating system (AIOS) and opening APIs to encourage co-creation; and 4. Continuous Upgrades – Improving FF's models and expanding commercial applications across industries. FF plans to accelerate the launch of three core AI-powered products and deploy them in potential future FX mass-production models: 1. Designing and developing a Super AIHER system; 2. AI Cabin Agent; and 3. End-to-end open-source large model AI driving. Powertrain innovations will be one of the Company's key priorities. Why FF is developing its Super AI Hybrid Extended-Range System Plug-in hybrid powertrains have known unaddressed issues: delayed power delivery and weak performance, limited intelligence capabilities, limited capability for intelligent technology integration; limited potential for building intelligent technology architecture; and high overall cost and low value for money. That's why FF is planning to design a revolutionary Super AIHER system. This system could solve the inherent flows of both current ranger extenders and plug-in hybrids and push their advantages to the extreme. FF aims to lead the transformation of powertrain technology. Future AIHER is positioning itself to lead commercialization and innovation through a two-phase strategic plan. In the short term, it would focus on integrating existing third-party range extender technology into the Faraday X (FX) concept vehicles, which could enable a faster market entry. In the long term, Future AIHER would aim to design and develop its own AI-driven range extender solutions, leveraging advanced technology to enhance efficiency and potentially expand commercialization opportunities to other mobility OEMs including the electric vertical takeoff and landing (EVTOL) industry. 'Our first ever Open AI Day was a tremendous success and based on the enthusiastic feedback we received from attendees on both the AI topics and future powertrain strategy we plan to pursue, we are very excited for what the future holds here at FF,' said Jia. 'AI will reshape the use of automobiles. When we defined the FF 91, AI was nowhere near the capabilities of today, but we were envisioning a growing technology which let the car learn how the individual user prefers to use all functionality of the vehicle by itself. The way people move is a core use case for AI applications, and its future is being completely restructured.' ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'committed to,' 'will,' 'aims to,' and 'future,' variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the development and commercialization of EREVs, and integrating existing third-party range extender technology into the Faraday X concept vehicles, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price.. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the 'Risk Factors' section of the Company's first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. SOURCE: Faraday Future Intelligent Electric Inc. PUB: 03/17/2025 01:30 AM/DISC: 03/17/2025 01:30 AM
