EAS

Cyngn Reports 2023 Fourth Quarter and Year-End Financial Results

Retrieved on: 
Wednesday, March 6, 2024

Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.

Key Points: 
  • Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.
  • Total costs and expenses in the fourth quarter were $5.4 million, down from $6.0 million in the fourth quarter of 2022.
  • Net loss for the fourth quarter was $(5.4) million compared to $(5.5) million in the corresponding quarter of 2022.
  • Fourth quarter 2023 net loss per share was $(0.12), based on basic and diluted weighted average shares outstanding of approximately 46.0 million in the quarter.

Customer Renews Contract as Cyngn's Autonomous Vehicles Yield 4x Efficiency Gain

Retrieved on: 
Thursday, February 22, 2024

Over several months of operation, Cyngn's self-driving vehicles enhanced operational speed, fostered organizational precision, and delivered substantial cost savings.

Key Points: 
  • Over several months of operation, Cyngn's self-driving vehicles enhanced operational speed, fostered organizational precision, and delivered substantial cost savings.
  • The DriveMod Stockchasers have produced 4x efficiency gain, and the introduction of EAS even enabled a former forklift operator's promotion.
  • Teams working directly with the autonomous robots revised their workflows to better align with the vehicles' predictable schedules.
  • This simple change made a big difference, reducing variability, boosting overall efficiency, and making it easier to train new employees.

From the Tax Law Offices of David W. Klasing - Federal Courts now Using Intended Tax Loss, rather than "Actual" Tax loss in Sentencing Tax Crimes

Retrieved on: 
Friday, February 9, 2024

In the case of United States v. Upshur, the Third Circuit held that intended tax loss will be used in sentencing calculations for tax crimes instead of actual tax loss.

Key Points: 
  • In the case of United States v. Upshur, the Third Circuit held that intended tax loss will be used in sentencing calculations for tax crimes instead of actual tax loss.
  • The intended loss is the loss that would have occurred if the defendant had successfully evaded their tax obligations.
  • Intended tax loss refers to the financial loss the government would have sustained if a defendant's tax crimes were successfully completed.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

Cyngn Releases Hands-Off Automatic Unhitching Capabilities for Industrial Autonomous Vehicles

Retrieved on: 
Wednesday, February 7, 2024

MENLO PARK, Calif., Feb. 7, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), has announced the release of its Auto-unhitch capability, a hands-off solution for our industrial autonomous vehicles to drop off cargo.

Key Points: 
  • MENLO PARK, Calif., Feb. 7, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), has announced the release of its Auto-unhitch capability, a hands-off solution for our industrial autonomous vehicles to drop off cargo.
  • Embedded within Enterprise Autonomy Suite (EAS), Cyngn's fleet management and analytics software, Auto-unhitch seamlessly integrates with customers' existing workflows.
  • Seamless Integration: Allows operators to incorporate automatic unhitching into existing workflows, which can be programmed before the shift begins.
  • This flexibility ensures that Cyngn's technology aligns seamlessly with the evolving needs of customers, providing a customizable end-to-end autonomous industrial vehicle solution.

Alibaba Cloud Unveils Serverless Solution to Harness Gen-AI Capabilities for Enterprises

Retrieved on: 
Monday, February 5, 2024

In March 2024, the serverless version is scheduled to expand its capabilities to support the deployment of prominent open-source LLMs and models from Alibaba's AI model community, ModelScope.

Key Points: 
  • In March 2024, the serverless version is scheduled to expand its capabilities to support the deployment of prominent open-source LLMs and models from Alibaba's AI model community, ModelScope.
  • "Alibaba Cloud continues to remain at the forefront of AI and cloud technology innovation.
  • To foster enhanced creativity among designers, Alibaba Cloud has introduced PAI-Artlab, a comprehensive platform for model training and image generation.
  • These new models are based on the open-source Tongyi Qianwen LLMs, namely the Qwen-7B and Qwen-14B, developed by Alibaba Cloud.

Alibaba Cloud Unveils Serverless Solution to Harness Gen-AI Capabilities for Enterprises

Retrieved on: 
Monday, February 5, 2024

SINGAPORE - Media OutReach Newswire - 30 January 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled a serverless version of its Platform for AI (PAI)-Elastic Algorithm Service (EAS), designed to offer a cost-efficient solution for model deployment and inference to individuals and enterprises.

Key Points: 
  • SINGAPORE - Media OutReach Newswire - 30 January 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled a serverless version of its Platform for AI (PAI)-Elastic Algorithm Service (EAS), designed to offer a cost-efficient solution for model deployment and inference to individuals and enterprises.
  • "Alibaba Cloud continues to remain at the forefront of AI and cloud technology innovation.
  • To foster enhanced creativity among designers, Alibaba Cloud has introduced PAI-Artlab, a comprehensive platform for model training and image generation.
  • These new models are based on the open-source Tongyi Qianwen LLMs, namely the Qwen-7B and Qwen-14B, developed by Alibaba Cloud.

CONTROLTEK Elevates Boston Hubbard to Segment Development Manager for RFID Solutions

Retrieved on: 
Wednesday, January 31, 2024

BRIDGEWATER, N.J., Jan. 31, 2024 /PRNewswire/ -- CONTROLTEK , a global leader specializing in retail asset protection, RFID inventory and asset tracking solutions, and tamper-evident packaging, proudly announces the promotion of Boston Hubbard to the role of Segment Development Manager for RFID Solutions.

Key Points: 
  • BRIDGEWATER, N.J., Jan. 31, 2024 /PRNewswire/ -- CONTROLTEK , a global leader specializing in retail asset protection, RFID inventory and asset tracking solutions, and tamper-evident packaging, proudly announces the promotion of Boston Hubbard to the role of Segment Development Manager for RFID Solutions.
  • David Brothers , Senior Director of Global Sales at CONTROLTEK, states, "Boston has played a crucial role in driving, maintaining, and providing solutions for our retail partners in his previous role.
  • In his previous role as a Strategic Account Manager, Boston Hubbard drove and maintained solutions, along with providing technical expertise around RFID and EAS technology to CONTROLTEK's National Enterprise Accounts.
  • In his new role as Segment Development Manager for RFID Solutions, Boston will focus specifically on leading the RFID sector of the business.

Cyngn Increases Commercialization of AI-Powered Autonomous Vehicle Solutions in 2023

Retrieved on: 
Tuesday, January 23, 2024

Added two new vehicle types: Partnership with BYD to develop autonomous DriveMod Forklifts and partnership with Motrec , to launch autonomous DriveMod Tuggers.

Key Points: 
  • Added two new vehicle types: Partnership with BYD to develop autonomous DriveMod Forklifts and partnership with Motrec , to launch autonomous DriveMod Tuggers.
  • The Cyngn team has delivered exciting results this year as we continue to capitalize on the growing demand for autonomous industrial vehicles.
  • Key 2023 Milestones and Achievements:
    Valuable deployment: Cyngn started 2023 with a valuable deployment at US Continental , a California-based chemicals manufacturer.
  • Proprietary technology: Cyngn secured several U.S. patents in 2023 for the Company's autonomous vehicle and driving solutions, bringing the total number to 19.

From the Tax Law Offices of David W. Klasing - Georgia Tax Return Preparer Headed to Prison After Cheating on His Own Taxes

Retrieved on: 
Thursday, January 18, 2024

A tax preparer from Statesboro, Georgia, ran a national return preparation business franchise from 1999 to 2021.

Key Points: 
  • A tax preparer from Statesboro, Georgia, ran a national return preparation business franchise from 1999 to 2021.
  • Regardless of your business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you.
  • Contact the Law Offices of David W. Klasing today to discuss your business with one of our professionals.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

OnePlus Collaborates with Qualcomm to Integrated Multiple Industry-leading Features on the Next-gen Flagship OnePlus 12

Retrieved on: 
Tuesday, January 16, 2024

"We are thrilled to continue utilizing the latest Qualcomm Technologies chipset on our new flagship OnePlus 12," said Kinder Liu, President and COO of OnePlus.

Key Points: 
  • "We are thrilled to continue utilizing the latest Qualcomm Technologies chipset on our new flagship OnePlus 12," said Kinder Liu, President and COO of OnePlus.
  • In addition, OnePlus 12 is the first Snapdragon 8 Gen 3 device to be approved as Snapdragon Spaces Ready.
  • The OnePlus 12 is powered by Qualcomm Technologies' latest Snapdragon 8 Gen 3 Mobile Platform.
  • Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.