Latest news with #commercialization
Bloomberg
a day ago
- Business
- Bloomberg
Shaolin Temple Should Take a Vow of Chastity, Not Poverty
As China's fiscal conditions worsen, a scandal at the Shaolin Temple has ignited a debate over who owns the monastic institution's cultural heritage and how to commercialize the world-famous brand. Authorities are investigating Shi Yongxin, the longtime abbot of the monastery at the foot of a mountain peak in central China's Henan province, on suspicions of embezzlement, maintaining 'improper relations' with women, and fathering at least one child. Companies linked to Shi, nicknamed the 'CEO monk,' were deregistered and his Buddhist credentials revoked by the Buddhist Association of China, the national governing body for Buddhist affairs.
Yahoo
4 days ago
- Business
- Yahoo
Archer, Joby Slide As eVTOL Enthusiasm Wanes
Shares of Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) are trading lower on Monday as enthusiasm around electric vertical takeoff and landing (eVTOL) stocks cools amid renewed investor scrutiny over commercialization timelines, legal risks, and valuation. Both stocks had recently reached new highs amid widespread optimism for eVTOL commercialization, but sentiment has shifted as traders begin locking in gains and reassessing emerging headwinds. Joby, a sector bellwether, surged in July on news of factory expansion, advancements in FAA certification, and piloted flights in Dubai. This momentum pushed the stock to a 52‑week high before a pullback. On Monday, shares are down over 3%, as investors pause to reassess near-term risks. Also Read: Joby Aviation Stock Soars 169% In 3 Months: What's Driving The Surge? That sentiment shift is also weighing on Archer, which was also down Monday. It extended a volatile stretch triggered by a Delaware Chancery Court decision to allow a shareholder lawsuit tied to its 2021 SPAC merger to proceed. Investors are also parsing uncertainty surrounding its partnership with Stellantis. While the automaker remains a manufacturing backer, its recent exit from an unrelated hydrogen fuel project stirred speculation over its long-term commitment to Archer's production plans. Despite Monday's drop, both Archer and Joby remain up year-to-date. Archer continues advancing FAA certification for its Midnight aircraft with backing from Stellantis and United Airlines. Joby is progressing toward a 2026 Dubai launch and expanding U.S. testing. FAA support for eVTOL integration remains a key long-term catalyst. ACHR & JOBY Price Action ACHR is down 2.10% to $10.98, pulling back from its July high near $13.90. JOBY is trading 3.59% lower at $17.45, after topping $18.50 earlier this month. While both stocks remain well above their 52-week lows, they face renewed pressure as investors rotate out of speculative growth plays amid valuation and execution concerns. Read Next:Photo by T. Schneider via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Archer, Joby Slide As eVTOL Enthusiasm Wanes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
6 days ago
- Automotive
- Yahoo
PONY AI Inc. Among the First to Receive Permit for Fully Driverless Commercial Robotaxi Services Shanghai's Pudong New Area
SHANGHAI, China, July 26, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that it has received a permit to provide fully driverless commercial Robotaxi services of Shanghai's Pudong New Area, issued at the World Artificial Intelligence Conference ('WAIC') 2025. This achievement demonstrates not only increasing regulatory trust and recognition in the Company's technology and safety standards, but also represents another major milestone in advancing Robotaxi commercialization in a top-tier urban market in China. is among the first companies to receive this approval, making it the only company with fully driverless commercial Robotaxi service permits in all four of China's tier-one cities—Beijing, Shanghai, Guangzhou, and Shenzhen. The Company will launch fully driverless ride-hailing services, starting in the core business district of Jinqiao and Huamu before expanding to other regions. This milestone demonstrates technological and operational readiness and solidifies its leadership in advancing autonomous mobility in China — further accelerating the integration of self-driving technology into Shanghai's urban ecosystem. With a population of over 5 million people across nearly 1,400 square kilometers, Pudong New Area is home to key financial institutions, multinational corporations, and high-tech innovation hubs, serving as a gateway to China's economy for the world. The newly opened area in Jinqiao and Huamu represents the strategic core area of Pudong New Area. In particular, Huamu is located less than 3 kilometers from Lujiazui, the heart of Shanghai's financial district and luxury retails. This close proximity enables to engage with premium users and unlock substantial commercial opportunities in the future. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in filings with the SEC. All information provided in this press release is as of the date of this press release, and does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: RelationsEmail: ir@ RelationsEmail: media@ Christensen AdvisoryEmail: pony@ 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
National Post
22-07-2025
- Business
- National Post
AXL teams with RSM Canada to build AI solutions for Canada's future
Article content TORONTO — AXL, a Canadian venture studio transforming world-class applied AI research into high-growth companies, and RSM Canada LLP ('RSM'), a leading global provider of assurance, tax and consulting services, have entered into a strategic collaboration. Together, the two organizations are driving innovation by challenging existing models and reimagining what's possible in professional services by integrating AI advancements with real-world business needs. Article content As part of the collaboration, RSM will serve as the exclusive provider of accounting, tax and consulting services to AXL, offering strategic guidance, compliance expertise, and growth planning support. Additionally, RSM will act as a preferred provider of these services to AXL's portfolio of startup companies. Article content RSM is also one of several leading Canadian organizations participating in AXL's AI Catalyst program, a corporate partnership initiative designed to validate and accelerate breakthrough ideas driven by real industry demand. The goal is to fast-track the commercialization of high-potential AI applications and ensure Canadian innovations are built into the country's economic future, rather than being exported before they scale. Article content 'Canada doesn't have an innovation gap, it has a commercialization gap,' says Dr. Daniel Wigdor, co-founder and CEO of AXL. 'With RSM, we're taking demand signals from the market and moving fast to turn that into scalable, enterprise-ready solutions. This is execution over hype. This is how Canada leads—not just in ideas, but in outcomes.' Article content Canada leads in AI academic research but struggles to retain its economic benefits, as much of its advancements are commercialized internationally. Article content Fewer than 20 per cent of mid-sized Canadian companies have begun adopting AI, according to the OECD, citing barriers such as limited technical talent, high costs and an uncertain return on investment. These findings are echoed in RSM's 2025 Middle Market AI Survey, which highlights similar challenges and underscores the need for practical, scalable AI solutions tailored to the middle market. Article content Meanwhile, nearly 75 per cent of AI patents from Canada's top institutes are acquired by international tech firms, with only 7 per cent remaining in the country. The United Nations also estimates that fewer than half of Canada's top AI innovations are ever patented, highlighting a critical disconnect between invention and impact. Article content By integrating real-time industry feedback, the AXL-RSM collaboration advances Canadian AI venture growth, commercialization and talent development, ensuring solutions scale domestically and drive lasting economic impact. Article content 'We're seeing incredible momentum around AI and the value it can unlock,' said Harry Blum, national managing partner at RSM Canada. 'With AXL as a strategic collaborator, we're accelerating innovation—helping businesses move beyond legacy models and positioning them to grow, compete and thrive in a future-ready economy, while embedding AI across our own solution sets.' Article content The relationship represents a direct commitment to Canada's AI ecosystem, powering homegrown innovation while reinforcing a shared commitment to helping Canadian businesses lead in the digital economy. RSM recently committed US$1 billion globally to AI, with a focus on helping middle market businesses adopt AI, especially those ready to innovate but lacking scale or resources. This initiative by RSM further aligns with AXL's vision of positioning Canada as a global leader in applied AI by bridging the gap between research and commercialization. Article content Together, AXL and RSM aim to unlock the next wave of AI-driven economic growth, bringing AI solutions that empower Canadian businesses and proving the benefit of AI not just in theory but in practice. Article content To learn more about how AXL is fuelling Canada's AI research-to-commercialization pipeline, visit their website at Article content About AXL Article content AXL is a Canadian venture studio transforming world-class research into high-growth companies that shape the future of applied AI. Led by seasoned tech entrepreneurs and applied AI experts, AXL's mission is to ensure Canada's top breakthroughs are built and scaled at home. By connecting academia with real market demand and full-stack venture creation, AXL helps Canada move from invention to impact, anchoring talent, intellectual property, and long-term economic value within the country. For more information, visit and connect with us on Article content About RSM Canada Article content RSM empowers middle market companies worldwide to take charge of change. The clients we serve are the engine of global commerce and economic growth. Our unique middle market perspective makes RSM the natural choice for growth-oriented, internationally active organizations seeking relevant insights and tailored, innovative solutions for a complex and changing world. With a global reach spanning more than 120 countries, we instill confidence in a world of change by bringing the full power of RSM to make a lasting impact on our clients, colleagues and communities. Article content RSM Canada LLP provides public accounting services and is the Canadian member firm of RSM International, a global network of independent assurance, tax and consulting firms. RSM Canada Consulting LP provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International. For more information visit like us on Facebook, follow us on X and/or connect with us on LinkedIn. Article content Article content Article content Article content Contacts Article content For media inquiries: Article content Article content Article content Article content
Yahoo
22-07-2025
- Business
- Yahoo
Global fusion energy investment surges to $2.64bn
Global fusion energy investment has seen a surge, with an influx of $2.64bn since July 2024 marking the largest annual increase since 2022, as reported by Reuters citing a report by Fusion Industry Association. The financial influx was noted across key regions such as the US, the European Union (EU), Japan, China and the UK. The Fusion Industry Association, based in Washington, US, reported that total funding for the 53 surveyed fusion companies now stands at close to $9.77bn - a five-fold increase since 2021. 2025's figures show a 178% jump from just over $900m raised in 2024. Companies within the sector emphasise the necessity for increased funding to transition fusion energy into a commercially viable industry. Significant challenges in achieving commercialisation involve reducing the energy requirements to initiate reactions, ensuring that these reactions can proceed in a continuous manner and developing efficient systems for energy transfer. FIA CEO Andrew Holland stated: 'The acceleration of capital, even when the global economy has tightened, is a signal of maturing investor confidence, technological progress and a rapidly coalescing supply chain.' Notably absent from these figures is public funding for state-led fusion projects, an area in which China is at the forefront globally. Investment has been drawn from conventional fossil fuel companies, including Chevron and Shell's venture arms, Siemens Energy and Nucor — the US's largest steel producer. This increase in financial backing coincides with rising power demands driven by AI applications and data centre growth. Google recently announced its agreement to purchase electricity from Commonwealth Fusion Systems' anticipated plant in Virginia that aims to begin operations by the early 2030s. Despite this positive trend in financing, securing additional funds remains challenging according to 83% of survey respondents. Fusion enterprises estimate they will need between $3m and $12.5bn more, with a median figure of $700m, to launch their first pilot plants successfully. The collective amount deemed necessary by industry players totals approximately $77bn — an eightfold leap compared to current investor commitments — and could be reduced through expected consolidation within the industry. "Global fusion energy investment surges to $2.64bn" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
