Author: bharatkashyap6969
Volkswagen brings AI chatbot ChatGPT into its cars, SUVs
[ad_1] Las Vegas, Jan 9 (IANS) German automaker Volkswagen (ETR:) has announced to bring AI chatbot ChatGPT into its cars, integrated into its IDA voice assistant.The voice assistant, enabled by Cerence Chat Pro, is activated by saying “Hello IDA” or pressing the button on the steering wheel. IDA automatically prioritises whether a vehicle function should be executed, a destination searched or the temperature adjusted. If the request cannot be answered by the Volkswagen system, it is forwarded anonymously to AI and the familiar Volkswagen voice responds. ChatGPT does not gain access to any vehicle data and questions and answers are ... Read more
Jefferies Financial reports earnings miss, revenue decline in tough economic year
[ad_1] NEW YORK – Jefferies Financial Group Inc. has reported a significant decrease in its earnings and revenue, highlighting the challenges faced in the current economic climate. The investment bank’s earnings per share (EPS) dropped to $0.29, down from $0.57 the previous year, falling short of analyst expectations. The company’s quarterly revenue also declined, reaching $1.2 billion, which is a 16.8% decrease from the same period last year and below the anticipated $1.236 billion. The firm’s Investment Banking division generated $577 million, while its Capital Markets segment contributed $481 million in net revenues. Despite these figures and the broader economic ... Read more
Bread Financial upsizes senior notes offering to $300 million
[ad_1] COLUMBUS, Ohio – Bread Financial Holdings, Inc. (NYSE: BFH), a financial services company, has upsized its offering of senior notes, increasing the total amount from the initially announced $200 million to $300 million. The 9.75% senior notes due 2029, which are an addition to a previous issuance, will be sold at 101% of their principal value. The closing of this transaction is anticipated to occur on January 19, 2023, subject to customary closing conditions. The additional funds from the offering are intended to be used by Bread Financial to redeem $400 million of the company’s outstanding 7.000% Senior Notes ... Read more
Greenbrier restructures operations, CFO to step down in March
[ad_1] LAKE OSWEGO, Ore. – The Greenbrier (NYSE:) Companies, Inc. (NYSE: GBX), an international supplier of equipment and services to the freight transportation markets, announced a reorganization of its business operations to align with its “Better Together” strategy. The company also disclosed the upcoming departure of its Chief Financial Officer and the completion of its Chief Legal Officer succession plan. Greenbrier’s new operational framework divides its activities into two geographic segments: The Americas and Europe. Brian Comstock, with over four decades of experience in the railway industry, has been appointed as Executive Vice President & President, The Americas. William Glenn, ... Read more
Fino Payments Bank applies to become Small Finance Bank
[ad_1] MUMBAI – The Reserve Bank of India (RBI) has recently confirmed that it has received an application from Fino Payments Bank (BO:) to transition into a Small Finance Bank (SFB), a move that aligns with RBI’s “on tap” Licensing Guidelines issued on December 05, 2019. Fino Payments Bank, having met the revised minimum capital necessity of Rs 200 crore (1Rs=$0.012), is poised to enhance its banking infrastructure. CEO Rishi Gupta highlighted the bank’s readiness, stating that the capital threshold has been achieved. The financial results for the quarter ending September FY24 underscore the bank’s robust financial health, showcasing a ... Read more
Morgan Stanley stock sees uptrend amid high trading volume
[ad_1] NEW YORK – Morgan Stanley (NYSE:) shares have experienced a notable uptrend, as the Wall Street giant’s stock reached a weekly high last Friday and saw a slight increase in the following trading session. The firm’s stock price ascended by 0.29% to $93.51, with trading volume reflecting significant investor interest. Despite trading below its annual peak by 8.31%, the financial services company has shown resilience, gaining over one-fourth in value from its yearly low. The market’s confidence in Morgan Stanley is evident from the Overweight consensus rating provided by analysts, signaling a positive outlook for the stock. The recent ... Read more
Jefferies and Accolade set to report quarterly results after market close
[ad_1] NEW YORK – Investors are preparing for the latest financial disclosures from two notable companies, Jefferies Financial Group Inc. and Accolade, Inc., as they are expected to release their quarterly earnings reports after the market closes today. Jefferies Financial Group Inc. (NYSE:JEF), a diversified financial services company, is anticipated to report a fourth-quarter earnings per share (EPS) of $0.34. This figure represents a year-over-year decline, signaling a potential drop in profitability compared to the same quarter in the previous year. Meanwhile, Accolade, Inc. (NASDAQ:ACCD), which provides personalized health and benefits solutions, is set to release its fiscal third-quarter results. ... Read more
EV makers choose Nvidia for AI
[ad_1] American tech company, Nvidia (NASDAQ:) announced Monday that Chinese electric automaker, Li Auto (NASDAQ:) has chosen the NVIDIA DRIVE Thor centralized car computer to power its next-generation fleets. NVIDIA also revealed the NVIDIA DRIVE Orin platform will be utilized by EV manufacturers GWM (Great Wall Motor), ZEEKR, and Xiaomi for their advanced intelligent automated-driving systems. “The AI car computer of choice for today’s intelligent fleets is NVIDIA DRIVE Orin, with automakers increasingly looking to the advanced capabilities and AI performance of its successor, NVIDIA DRIVE Thor, for their future vehicle roadmaps.” Said Nvidia VP of automotive, Xinzhou Wu. DRIVE ... Read more
Maximus to report quarterly financial results in February
[ad_1] TYSONS, Va. – Maximus (NYSE: NYSE:), a global provider of government services, announced it will release its financial results for the quarter ended December 31, 2023, after the market closes on February 7. A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time (4:00 a.m. GMT) the following day, February 8. Interested parties, including shareholders, can participate in the conference call by dialing 877.407.8289 for domestic access or +1.201.689.8341 for international access. Additionally, the public can listen to the call via webcast. For those unable to join the live event, a recording will be available ... Read more
U.S. consumers’ inflation outlook hits two-year low, Fed rate cuts anticipated
[ad_1] NEW YORK – The New York Federal Reserve has released new data indicating a significant shift in U.S. consumers’ inflation expectations, which have fallen to their lowest point in two years. Today, the Fed reported that the one-year inflation forecast has dropped to 3%, a level not seen since January 2021. This marks a considerable decline from the peak observed in mid-2022. The Fed’s report also showed a decrease in the longer-term outlook, with expectations for three-year and five-year inflation also trending downwards. Consumers are predicting slower price increases in key areas such as food and rent. However, they ... Read more