Latest news with #OneVision
News18
2 days ago
- Business
- News18
ATP Players To Get Record USD 18.3 Million Through Profit-Sharing Bonus
Last Updated: The profit-sharing plan, introduced in 2022, splits profits generated at ATP Masters 1000 events – above onsite base prize money – equally between players and tournaments. Men's tennis players will earn a record $18.3 million in profit-sharing bonuses from the 2024 season, the ATP announced on Thursday, as the tour intensified its efforts to create a more sustainable and financially aligned future for the sport. The bonus amount, a 177% increase from the previous season's payout, will be allocated to players based on their performance at the nine ATP 1000 tournaments, which are just below the four Grand Slams in prestige. 'This is exactly what profit sharing was designed to do: ensure that players and tournaments share equally in the sport's financial upside," ATP Chairman Andrea Gaudenzi said. 'The $18.3 million is a huge milestone. For us, it's proof that strengthening the premium product and aligning interests creates value. 'We're proud to be strengthening our partnership and building a stronger, more sustainable ATP Tour." The profit-sharing plan, introduced in 2022, divides profits generated at ATP Masters 1000 events – above onsite base prize money – equally between players and tournaments and is a cornerstone of the tour's OneVision strategic plan. The men's elite body added that it was on track to deliver more compensation records, including $28.5 million in Challenger Tour prize money and a $3 million ATP 500 bonus pool. The expansion of most Masters events to 96-player draws had boosted earning opportunities for players, increasing the number of those able to make a sustainable living from the sport, the ATP noted. There has been a 'wave of infrastructure investment" as venues in Madrid, Rome, Cincinnati, Shanghai, and Paris, among others, upgraded facilities to enhance the experience for players and spectators. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Star
2 days ago
- Business
- The Star
Tennis-ATP players handed record $18.3 million profit-sharing bonus
BENGALURU (Reuters) -Men's tennis players will pocket a record $18.3 million in profit-sharing bonuses from the 2024 season, the ATP said on Thursday, as the tour stepped up its efforts to forge a more sustainable and financially aligned future for the sport. The bonus amount, a 177% increase on the previous season's payout, will be distributed to players based on performance at the nine ATP 1000 tournaments, which rank just below the four Grand Slams in prestige. "This is exactly what profit sharing was designed to do: ensure that players and tournaments share equally in the sport's financial upside," ATP Chairman Andrea Gaudenzi said. "The $18.3 million is a huge milestone. For us, it's proof that strengthening the premium product and aligning interests creates value. "We're proud to be strengthening our partnership and building a stronger, more sustainable ATP Tour." The profit-sharing plan, introduced in 2022, splits profits generated at ATP Masters 1000 events – above onsite base prize money – equally between players and tournaments and is a cornerstone of the tour's OneVision strategic plan. Profit-sharing helped push ATP player compensation to a record $261 million for the 2024 season for a total of $378 million when combined with Grand Slam prize money. The men's elite body added that it was on track to deliver more compensation records, including $28.5 million in Challenger Tour prize money and a $3 million ATP 500 bonus pool. The expansion of most of the Masters events to 96-player draws had increased earning opportunities for players, widening the number of those able to make a sustainable living from the sport, the ATP added. It said there was a "wave of infrastructure investment" as Madrid, Rome, Cincinnati, Shanghai and Paris, among other venues, had upgraded facilities to enhance the experience for players and spectators. (Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Ken Ferris)
Straits Times
2 days ago
- Business
- Straits Times
ATP players handed record $18.3 million profit-sharing bonus
Sign up now: Get ST's newsletters delivered to your inbox BENGALURU - Men's tennis players will pocket a record $18.3 million in profit-sharing bonuses from the 2024 season, the ATP said on Thursday, as the tour stepped up its efforts to forge a more sustainable and financially aligned future for the sport. The bonus amount, a 177% increase on the previous season's payout, will be distributed to players based on performance at the nine ATP 1000 tournaments, which rank just below the four Grand Slams in prestige. "This is exactly what profit sharing was designed to do: ensure that players and tournaments share equally in the sport's financial upside," ATP Chairman Andrea Gaudenzi said. "The $18.3 million is a huge milestone. For us, it's proof that strengthening the premium product and aligning interests creates value. "We're proud to be strengthening our partnership and building a stronger, more sustainable ATP Tour." The profit-sharing plan, introduced in 2022, splits profits generated at ATP Masters 1000 events – above onsite base prize money – equally between players and tournaments and is a cornerstone of the tour's OneVision strategic plan. Profit-sharing helped push ATP player compensation to a record $261 million for the 2024 season for a total of $378 million when combined with Grand Slam prize money. Top stories Swipe. Select. Stay informed. Singapore Bukit Merah fire: Residents relocated as town council carries out restoration works Singapore askST: What to do in the event of a fire at home Singapore Jalan Bukit Merah fire: PMD battery could have started fatal blaze, says SCDF Singapore askST: What are the fire safety rules for PMDs? Asia AirAsia flight from KL to Incheon lands at wrong airport in South Korea Opinion Could telco consolidation spell the end of attractive mobile plans? Singapore Change in law proposed to pave the way for public-private sector data sharing Singapore From quiet introvert to self-confident student: How this vulnerable, shy teen gets help to develop and discover her strength The men's elite body added that it was on track to deliver more compensation records, including $28.5 million in Challenger Tour prize money and a $3 million ATP 500 bonus pool. The expansion of most of the Masters events to 96-player draws had increased earning opportunities for players, widening the number of those able to make a sustainable living from the sport, the ATP added. It said there was a "wave of infrastructure investment" as Madrid, Rome, Cincinnati, Shanghai and Paris, among other venues, had upgraded facilities to enhance the experience for players and spectators. REUTERS
Korea Herald
09-06-2025
- Business
- Korea Herald
Cognex Introduces OneVision: A Breakthrough Cloud Platform for AI-Powered Machine Vision
New Training Environment Delivers Scalable Automation and Solves Key Barriers to Industrial AI Adoption NATICK, Mass., June 10, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today announced the upcoming full launch of OneVision ™, a cloud-based platform that will transform how manufacturers build, train, and scale AI-powered vision manufacturers build, train, and scale AI-powered vision applications. "OneVision is the result of nearly a decade of industrial AI innovation at Cognex. By combining our advanced AI technology with excellent customer experience, we continue to unlock new possibilities for our customers," said Carl Gerst, Executive Vice President of Vision and ID Products at Cognex. "We're simplifying the entire application development process; helping our customers move faster, scale more efficiently, and maximize the value of their automation investments." Designed for the demands of global manufacturing, OneVision tackles the most common barriers to wide-scale deployment of AI-powered machine vision: With the OneVision software platform, Cognex expands its industry-leading portfolio of machine vision products, unlocking new applications, accelerating AI adoption, and allowing users to solve complex vision tasks faster, more reliably, and at scale. OneVision is currently available to select customers on the In-Sight® 3800 and 8900 vision systems and will be released on additional Cognex products in early 2026. and will be released on additional Cognex products in early 2026. About Cognex Corporation For over 40 years, Cognex has been making advanced machine vision easy, paving the way for manufacturing and distribution companies to get faster, smarter, and more efficient through automation. Innovative technology in our vision sensors and systems solves critical manufacturing and distribution challenges, providing unparalleled performance for industries from automotive to consumer electronics to packaged goods. Cognex makes these tools more capable and easier to deploy thanks to a longstanding focus on AI, helping factories and warehouses improve quality and maximize efficiency without needing highly technical expertise. We are headquartered near Boston, USA, with locations in over 30 countries and more than 30,000 customers worldwide. Learn more at
Yahoo
09-06-2025
- Business
- Yahoo
Cognex Introduces OneVision: A Breakthrough Cloud Platform for AI-Powered Machine Vision
New Training Environment Delivers Scalable Automation and Solves Key Barriers to Industrial AI Adoption NATICK, Mass., June 10, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today announced the upcoming full launch of OneVision™, a cloud-based platform that will transform how manufacturers build, train, and scale AI-powered vision manufacturers build, train, and scale AI-powered vision applications. "OneVision is the result of nearly a decade of industrial AI innovation at Cognex. By combining our advanced AI technology with excellent customer experience, we continue to unlock new possibilities for our customers," said Carl Gerst, Executive Vice President of Vision and ID Products at Cognex. "We're simplifying the entire application development process; helping our customers move faster, scale more efficiently, and maximize the value of their automation investments." Designed for the demands of global manufacturing, OneVision tackles the most common barriers to wide-scale deployment of AI-powered machine vision: Long development cycles and steep learning curves: An intuitive interface with guided workflows allows teams of all skill levels to shorten setup time from months to minutes. Expensive infrastructure investments: Cloud-based delivery eliminates the need for additional hardware, lowering upfront costs and maximizing ROI. Lack of integration and disconnected operations: A unified platform brings tools, data, and workflows together to streamline collaboration, leverage shared work, and accelerate deployment across devices, lines, and locations. Inconsistent performance across sites: Centralized development combined with local customization ensures standardization while providing flexibility for site-specific requirements. With the OneVision software platform, Cognex expands its industry-leading portfolio of machine vision products, unlocking new applications, accelerating AI adoption, and allowing users to solve complex vision tasks faster, more reliably, and at scale. OneVision is currently available to select customers on the In-Sight® 3800 and 8900 vision systems and will be released on additional Cognex products in early 2026. and will be released on additional Cognex products in early 2026. About Cognex Corporation For over 40 years, Cognex has been making advanced machine vision easy, paving the way for manufacturing and distribution companies to get faster, smarter, and more efficient through automation. Innovative technology in our vision sensors and systems solves critical manufacturing and distribution challenges, providing unparalleled performance for industries from automotive to consumer electronics to packaged goods. Cognex makes these tools more capable and easier to deploy thanks to a longstanding focus on AI, helping factories and warehouses improve quality and maximize efficiency without needing highly technical expertise. We are headquartered near Boston, USA, with locations in over 30 countries and more than 30,000 customers worldwide. Learn more at IR ContactGreer AvivHead of Investor RelationsCognex Corporationir@ Media ContactJeremy SaccoSenior Manager, Global Content MarketingCognex Corporationpr@ SOURCE Cognex Corporation Sign in to access your portfolio
