Latest news with #SeriesA
Yahoo
19 minutes ago
- Business
- Yahoo
As Intel Spins Out Its AI Robotics Arm, How Should You Play INTC Stock Here?
Intel's (INTC) decision to spin out its AI robotics division, RealSense, marks another strategic move in the chipmaker's ongoing transformation under new CEO Lip-Bu Tan. The $50 million Series A funding round for RealSense, which includes participation from MediaTek Innovation Fund and Intel Capital, signals both the promise of the robotics industry and Intel's need to streamline operations while maintaining exposure to high-growth markets. The spinout suggests a calculated approach to asset optimization during a challenging period for Intel. The chip maker is targeting $17 billion in operating expenses for 2025 and $16 billion for 2026. So, divesting non-core assets while retaining minority stakes allows Intel to reduce operational complexity while preserving upside potential. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. RealSense, formerly Intel Perceptual Computing, has been developing 3D vision technology for over a decade and serves autonomous robot manufacturers, including Eyesynth and Unitree Robotics. Intel is under pressure to execute on its foundry strategy and regain a competitive positioning in core markets where it has lost market share to Nvidia (NVDA) and Advanced Micro Devices (AMD). Under Tan's leadership, the company has adopted a more focused approach, emphasizing customer service and manufacturing excellence. The robotics market opportunity is expanding at an exponential pace, with Morgan Stanley projecting the humanoid robotics market to reach $5 trillion by 2050. However, Intel's decision to spin out rather than fully divest RealSense suggests management believes the robotics opportunity may not align with the immediate priorities of fixing core CPU competitiveness and foundry execution. For investors, the spinout showcases disciplined capital allocation and a willingness to unlock value from non-core assets. Intel's ability to attract external investment in RealSense while maintaining a minority stake indicates strategic thinking about portfolio optimization. However, the broader context remains challenging. Intel continues to wrestle with manufacturing execution, as it faces supply constraints on Intel 7 while ramping 18A production. The company's data center market share erosion persists, despite some stabilization efforts with products like Granite Rapids. Competition from both traditional rivals and ARM-based alternatives intensifies across client and server segments. The path forward for Intel stock likely depends more on foundry execution and product competitiveness than robotics spinout proceeds. Tan's emphasis on organizational flattening, return-to-office mandates, and engineering talent retention suggests awareness of cultural issues hampering innovation. Yet meaningful product leadership recovery will take time, particularly in AI workloads where Intel trails significantly. Intel stock reported a net loss of $0.13 per share in 2024 and is forecast to end 2025 with earnings of $0.30 per share. Moreover, Wall Street estimates earnings to improve to $2.70 per share in 2028. If INTC stock trades at 15 times forward earnings, it will be priced at $40 in early 2028, indicating an upside potential of almost 90% from current levels. Out of the 38 analysts covering INTC stock, one recommends 'Strong Buy,' 32 recommend 'Hold,' and five recommend 'Strong Sell.' The average target price for Intel stock is $22.55, below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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


Morocco World
17 hours ago
- Business
- Morocco World
ORA Secures Historic $7.5M Series A to Expand Mobile Payments and Food Delivery
Marrakech – ORA, a Moroccan startup, born not in a Silicon Valley garage but in the vibrant chaos of Casablanca, just closed a record-breaking $7.5 million Series A funding round. Led by Azur Innovation Fund and a squad of local investors, the funding is more than a business milestone. It's a mood. A reminder that homegrown innovation doesn't need to beg for validation from abroad — it's already valid, valuable, and venture-ready. And who's behind it all? Omar Alami, the founder and CEO of ORA Technologies, a man who speaks about digital access the way Carrie Bradshaw speaks about love: with conviction, curiosity, and a strong Wi-Fi connection. 'This is more than funding,' he said. 'It's proof that Morocco is ready to back innovation made by and for its people.' ORA isn't just dabbling in tech — it's rewriting the rules of the game. With Kooul, its fast-growing food delivery app, and ORA Cash, a mobile wallet that's quickly becoming the go-to for e-commerce payments, the company has its manicured hands in the two things we all care about: what we eat, and how we pay for it. The plan now? Expand Kooul's delivery infrastructure, make ORA Cash a household name, and basically become the Beyoncé of Moroccan fintech — flawless and everywhere. But what's even sexier than a startup with a unicorn dream? One that stays grounded. ORA's mission — 'E-Morocco for Everyone' — isn't just a tagline. It's a declaration that innovation doesn't belong to the elite. It belongs to the delivery guy, the online shopper, the corner store, and the girl scrolling through Kooul at midnight in a kaftan and face mask. So, as Morocco's tech ecosystem takes its next bold step, I couldn't help but wonder: When did 'Made in Morocco' become the next big thing in digital? Maybe today. And maybe, with ORA leading the way, there's no turning back. Tags: Omar AlamiOra Technologies


India.com
a day ago
- Automotive
- India.com
Tesla launched in India! but Elon Musk wasn't founder of company, it was started by…, how worlds richest man became owner of Tesla?
Global EV giant Tesla officially made its entry in India on Tuesday with the launch of its first experience centre at the Maker Maxity Commercial Complex, in Bandra Kurla Complex experience centre was inaugurated by Maharashtra Chief Minister Devendra Fadnavis in the presence of other dignitaries. Tesla has made its India debut at a time when it is facing reduced sales in Europe and China. When the dream of Tesla was born, electric cars were still considered futuristic concepts. Today, however, Tesla has revolutionized the automobile industry with the help of energy, artificial intelligence, and even space technology. Tesla is now seen as one of the world's most innovative companies. Who Founded Tesla? The name 'Tesla' immediately brings the image of Elon Musk in everyone's mind. In fact, Musk is now almost a synonym with the brand. But surprisingly, he wasn't the founder of Tesla. He entered the company as an investor. Whenever the world talks about electric vehicles (EVs), Tesla comes in tops the list. But Elon Musk didn't start this company but two engineers did. Tesla began on July 1, 2003, when engineers Martin Eberhard and Marc Tarpenning co-founded Tesla Motors. Their goal was to create an electric car that wouldn't harm the environment the way petrol or diesel vehicles do. Being engineers, they were very much passionate about technology. At the time, their vision of EVs was considered highly impractical. But the duo stayed committed to their idea and named the company in honor of the great inventor Nikola Tesla, who discovered alternating current (AC). From the beginning, Tesla wanted to build emission-free, fast, and stylish electric vehicles. Musk's Entry In Tesla The story took a major turn in 2004 with the entry of Elon Musk. By then, Musk had already made a name for himself as the founder of SpaceX and PayPal. In Tesla's Series A funding round, Musk invested $6.5 million and became the Chairman. Gradually, Musk took over responsibilities related to product design, vision, and marketing. In 2008, when Tesla was on the brink of bankruptcy, Musk emerged as its savior by taking over as CEO. Though initially just an investor, Musk became Tesla's CEO and later even acquired the title of co-founder. Eberhard had filed a defamation lawsuit against Musk, but in 2009, the verdict went in Musk's favor. Tesla's First Car In 2008, Tesla launched its first car, the Roadster. It was a high-performance sports car that was fully electric. It could accelerate from 0 to 100 km/h in just 3.9 seconds and offered a 320 km range on a single charge. The Roadster broke the myth that electric cars had to be slow or boring as it was fast, and powerful. In fact, Musk even launched his own Roadster into space aboard a SpaceX rocket in 2018. That car is still orbiting the Earth today. Tesla's Journey Musk later created a strategy for Tesla called S3XY, which included the following models: Model S: A luxury sedan. Model 3: Launched in 2017 as Tesla's first 'affordable' car, opening the doors for middle-class consumers. Model X: Launched in 2015, a family SUV with falcon-wing doors and high-tech interiors. Model Y: A compact SUV.


India.com
a day ago
- Automotive
- India.com
How two engineers created Elon Musk's Tesla car that is making the world go crazy
How two engineers created Elon Musk's Tesla car that is making the world go crazy | Full story of Tesla BMW, Mercedes, Rolls-Royce, Porsche, Land Rover, Jaguar – these brands were something which masses used to connect with luxuious driving. Then came 2004 when the founder of companies like SpaceX and PayPal, Elon Musk, entered the car segment, thus giving birth to Tesla. And now, for Indians it has become a dream which everyone wishes to fulfill. Today, on July 15, Tesla's first showroom opened in Mumbai's BKC and with this the brand made its debut in India. It will also be interesting to see who will be Tesla's first customer in India. How this dream started? Whenever there is talk of electric vehicles (EVs) in the world, Tesla's name will be on top. But do you know this company was not started by Elon Musk but someone else? Yes. Tesla started on 1 July 2003 when two engineers Martin Eberhard and Marc Tarpenning laid the foundation of Tesla Motors. Both wanted to start the company with the aim of making an electric car that would not harm the environment like petrol and diesel cars. Since both were engineers, their craze for technology was also natural. When both of them dreamt of EV, it was considered very impractical. Both of them started the company and named it in honor of the great scientist Nikola Tesla who had discovered AC current. Initially, both of them had kept Tesla's vision as pollution free, fast and stylish EV. When did Musk enter? It was in 2004 when Elon Musk, who had already become famous at that time as the founder of companies like SpaceX and PayPal, entered. Musk invested $6.5 million in the Series A funding round and became the chairman of the company. Gradually, Musk took the responsibility of Tesla's product design, vision and marketing in his hands. In 2008, when Tesla was almost bankrupt, Musk became its savior through his investment. Tesla's first car was a Roadster In 2008, Tesla launched its first car – Roadster. It was a high-performance sports car, which was completely electric. This car could achieve a speed of 0 to 100 km/h in just 3.9 seconds. Ability to run up to 320 kilometers on a single charge. Roadster proved that electric cars can also be sexy, fast and powerful. Musk sent his Roadster into space in 2018 through a SpaceX rocket. Even today that car is orbiting the Earth.


Axios
2 days ago
- Business
- Axios
Zip raises $13.5 million for SME cybersecurity
Zip Security, a provider of cybersecurity solutions to small and midsized enterprises, tells Axios that it's raised $13.5 million in Series A funding. Why it matters: All companies face hacking risks, but often only the largest can afford dedicated cybersecurity staffers. At the same time, some are vendors to Fortune 500 companies and could be held accountable if information gets stolen. What they're saying: "A solar panel installer in Hawaii was hacked last year," says Josh Zweig, Zip Security's CEO. "It looked like they were emailing their suppliers and telling them to update their ACH information for accounts receivable." "Their head of security was also their head of engineering — of solar panels ... They eventually came to us, but only after they'd already had to shut down for a week." Zoom in: Ballistic Ventures led the new round, and was joined by Silver Buckshot, The Chainsmokers' Mantis VC and return investors like General Catalyst, Box Group and Human Ventures.