CES

DEEPX at MWC 2024: Advances Ultra-Low-Power On-Device AI Chip for Commercializing Generative AI

Retrieved on: 
Thursday, February 8, 2024

BARCELONA, Spain, Feb. 8, 2024 /PRNewswire/ -- DEEPX (CEO Lokwon, Kim), a frontrunner in AI chip technology, defines the critical technology for commercializing generative AI as the 'Federated Operation of LLM' and is advancing in its technology development.

Key Points: 
  • BARCELONA, Spain, Feb. 8, 2024 /PRNewswire/ -- DEEPX (CEO Lokwon, Kim), a frontrunner in AI chip technology, defines the critical technology for commercializing generative AI as the 'Federated Operation of LLM' and is advancing in its technology development.
  • Currently, DEEPX is forging alliances with domestic and European telecommunications companies and global data center corporations, pushing for compatibility and optimization across network and cloud systems.
  • DEEPX's technological journey also includes the development of groundbreaking technology that enables the federated operation of server-scale AI and on-device large AI models.
  • DEEPX's visionary CEO, Lokwon Kim, stated, "DEEPX has gained international recognition for possessing global leading-edge core technology in power and cost efficiency for AI operation.

Beatbot AquaSense Series, the World's First 5-in-1 Robotic Pool Cleaner Captures 50% of High-End Market Demand in January

Retrieved on: 
Wednesday, February 7, 2024

RICHMOND, Texas, Feb. 7, 2024 /PRNewswire/ -- Beatbot, the tech innovator behind Aquasense Pro, a revolutionary pool robot featuring many groundbreaking industry-firsts, has received over 1000 pre-orders within just 30 days of unveiling the product at CES last month. 

Key Points: 
  • Since announcing the launch of the Aquasense Pro in January, Beatbot has successfully sold 1000 pre-sale units, solidifying its position as a market leader by capturing significant market demand of high-end robotic pool cleaners (priced over $1000), with 50% of online orders favoring Beatbot over its competitors.
  • To commemorate this success, Beatbot is extending a $300 discount for AquaSense and $400 discount for AquaSense Pro.
  • Beatbot AquaSense Pro addresses these concerns by introducing industry-first features:
    Intelligent Pool Cleaning with AI: Beatbot AquaSense Pro is the inaugural robotic pool cleaner employing true decision-making AI.
  • Fully Cordless and Highly Convenient: Beatbot AquaSense Pro eliminates the constraints of traditional pool cleaning devices by going cordless.

FM Capital Names Jake Sigal & Massimo Baldini Technology Operating Partners

Retrieved on: 
Wednesday, February 7, 2024

DETROIT, Feb. 07, 2024 (GLOBE NEWSWIRE) -- FM Capital , a venture capital company focused on early-to-mid stage companies in automotive and transportation technology has named auto tech pioneers Jake Sigal and Massimo Baldini as Technology Operating Partners.

Key Points: 
  • DETROIT, Feb. 07, 2024 (GLOBE NEWSWIRE) -- FM Capital , a venture capital company focused on early-to-mid stage companies in automotive and transportation technology has named auto tech pioneers Jake Sigal and Massimo Baldini as Technology Operating Partners.
  • The pair will not only provide a range of advisory and due diligence services for FM Capital and its portfolio companies, but have also invested in FM Capital’s Fund IV.
  • FM Capital has operating experience across OEM distribution, dealer tech and mobility services as well as a base of strategic limited partners.
  • “Jake and Massimo offer existing portfolio companies and prospects access to their hard-won insights from funding, scaling and delivering solutions in the automotive space,” said Chase Fraser, FM Capital Managing Partner.

Silicon Labs Reports Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, February 7, 2024

AUSTIN, Texas, Feb. 7, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the fourth quarter, which ended December 30, 2023.

Key Points: 
  • AUSTIN, Texas, Feb. 7, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the fourth quarter, which ended December 30, 2023.
  • "Though the market environment remains volatile, with inventory corrections continuing across our end markets, we delivered top and bottom-line results ahead of expectations," said Matt Johnson, President and Chief Executive Officer at Silicon Labs.
  • Silicon Labs continues to lead in contributing to Matter development and mass market adoption.
  • An audio webcast will be available on Silicon Labs' website ( www.silabs.com ) under Investor Relations .

ECB Consumer Expectations Survey results – December 2023

Retrieved on: 
Wednesday, February 7, 2024

Retail payments are undergoing profound changes that are reshaping the European payments landscape.

Key Points: 
  • Retail payments are undergoing profound changes that are reshaping the European payments landscape.
  • The retail payments ecosystem and consumers’ attitudes and preferences are evolving and influencing one another.

Stingray Reports Third Quarter Results for Fiscal 2024

Retrieved on: 
Tuesday, February 6, 2024

Reporting on third quarter results for fiscal 2024, Stingray's President, co-founder and CEO Eric Boyko stated:

Key Points: 
  • Reporting on third quarter results for fiscal 2024, Stingray's President, co-founder and CEO Eric Boyko stated:
    “Stingray delivered exceptional third-quarter results, surpassing the $100-million revenue mark for the first time in the company’s history while generating adjusted EBITDA of $38.6 million and adjusted free cash flow of $32.7 million.
  • The response from the vast U.S. market has been remarkable with overall Stingray sales growing 39.7% south of the border in the third quarter.
  • Given sustained, robust financial results, we are confident Stingray will continue to generate strong revenue growth in fiscal 2025 with a similar margin profile,” Mr. Boyko concluded.
  • The dividend will be payable on or around March 15, 2024 to shareholders on record as of February 29, 2024.

The Global Home Energy Management System Market Surges, the Market to Worth $9.41 Billion by 2029, More than $5 Billion Opportunities in the Next 6 Years - Arizton

Retrieved on: 
Tuesday, February 6, 2024

Thus, the increasing demand for smart home appliances is expected to increase the demand for home energy management systems.

Key Points: 
  • Thus, the increasing demand for smart home appliances is expected to increase the demand for home energy management systems.
  • However, the rise in new constructions in the residential sectors is underpinning the growth of the home energy management system market in Europe.
  • Precise estimation of market size: Accurate assessments of the home energy management system market size and its contribution and focusing on key market segments.
  • Competitive landscape analysis: A thorough examination of the market's competitive landscape is presented, including detailed information about companies operating in the home energy management system market.

TÜV Rheinland Announces Strategic Supplier Relationship with Pantone® for Top-of-the-Line Color Approval Program

Retrieved on: 
Tuesday, February 6, 2024

Under this collaboration, Pantone has designated TÜV Rheinland as its first laboratory partner to perform Pantone Validated measurements in Asia.

Key Points: 
  • Under this collaboration, Pantone has designated TÜV Rheinland as its first laboratory partner to perform Pantone Validated measurements in Asia.
  • The collaboration aims to provide customers located in this region with increased efficiency related to the testing program.
  • Pantone's relationship with TÜV Rheinland as a local source of color evaluations opens doors for Asian manufacturers to showcase the color performance of their products in the US and potentially the EU market," remarked Frank Holzmann, Global Vice President of Electrical at TÜV Rheinland.
  • The relationship was officially announced during the CES show, where leading display supplier TCL announced making use of TÜV Rheinland to support achieving Pantone Validated recognition for two high-end displays.

Wearable Devices Introduces New Revolutionary "Spatial Depth" Control in Latest Air Mouse Innovation

Retrieved on: 
Tuesday, February 6, 2024

YOKNEAM ILLIT, ISRAEL, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced the launch of a new revolutionary Air-Touch functionality which allows users to use the Company’s Mudra Band for depth navigation, adding an extra dimension to user interactions.

Key Points: 
  • Adding depth to navigation enhances user interactions by allowing more intuitive control.
  • This is particularly useful in spatial computing applications, where perception is important in rich 3-dimensional environments.
  • It provides a more immersive experience, enabling users to interact with 3-dimensional elements in digital space, making tasks more natural and efficient.
  • This breakthrough technology opens a myriad of possibilities for a more immersive and intuitive user experience.

Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter 2024 Guidance

Retrieved on: 
Tuesday, February 6, 2024

TAINAN, Taiwan, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the fourth quarter and full year 2023 ended December 31, 2023.

Key Points: 
  • This decline was predominantly driven by the prevailing weak macroeconomic conditions amidst the traditional peak seasonality in the fourth quarter.
  • Meanwhile, Himax’s industry leading, cutting-edge automotive LTDI product started mass production for Geely Auto’s NEVs in the third quarter of 2023.
  • For tablet, Q4 sales grew high teens sequentially, exceeding guidance, driven by successful new product launches by customers during the quarter.
  • Fourth quarter revenues from its non-driver business also exceeded guidance with revenue of $31.0 million but declined 8.2% from a quarter ago.