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Wednesday, May 18, 2022

#AIEye #Podcast 696: #Stocks discussed: (NYSE: $HPE) (NasdaqGM: $VERI) #artificialintelligence

#AIEye #Podcast 696: #Stocks discussed: (NYSE: $HPE) (NasdaqGM: $VERI) #artificialintelligence

HPE Building Factory for HPC and AI in Czech Republic, and Veritone Announces Navigate

Global #DeepLearning Market to Reach $80.76B by 2028

Vancouver, Kelowna, Delta, BC – May 18, 2022 – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/051822-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/05181HPE-VERI.asp

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:HPE) (NasdaqGM:VERI)

Hewlett Packard Enterprise Company (NYSE:HPE) has announced plans to build a factory in Kutná Hora, Czech Republic for next-generation high performance computing (HPC) and artificial intelligence (AI) systems to accelerate delivery to customers and strengthen the region’s supplier ecosystem. Justin Hotard, executive vice president and general manager, HPC & AI, at HPE, explained:

"When European organizations adopt next-generation supercomputing, they gain a powerful foundation to seize opportunities of exponential data growth to accelerate scientific discovery, strengthen digital sovereignty and unlock innovations to deliver greater economic value. HPE is committed to continue supporting Europe in this endeavor and our new HPC factory in Kutná Hora, Czech Republic, is another significant investment, among our other R&D initiatives, that we have made in Europe. We are now able to manufacture the industry’s leading supercomputing, HPC, and AI systems, while increasing supply chain viability and resiliency."

Veritone, Inc. (NasdaqGM:VERI) has announced Navigate, described as “a new application custom designed for Veritone One – the company’s full-service performance-based audio and influencer advertising agency. Navigate is built on aiWARE, Veritone’s hyper-expansive enterprise AI platform, leverages AI and machine learning, and “automates analysis and empowers transparency to the impact of influencer and media placement.” Veritone One’s Senior VP Conor Doyle said:

"We are excited to leverage Navigate for our customers at a time when share-of-voice depends as much on actionable insights combined with great campaign ideas. Navigate allows our agency strategists and planners to surface insights across all areas of the historically fragmented influencer buying cycle. This real-time aggregated intelligence from planning to execution and eventually optimization ensures we are hyper-servicing our brands in order to match them with the right influencer at the right time, which is a positive for our clients as well as the influencer community."

Global Deep Learning Market to Reach $80.76B by 2028

A report published by Zion Market Research finds that the global market for Deep Learning is projected to grow from around $11.54 billion USD in 2021 to $80.76 billion by 2028, registering a compound annual growth rate (CAGR) of 38.3 percent in the forecast period 2022-28. An excerpt from the report’s description outlines some key trends impacting the market’s growth in the forecast period:

Deep Learning is used across domains and has shown high demand in the recent past. The key drivers that have led to the growth of this market are improving computational power, decreasing hardware cost, and increasing adoption of cloud-based technology. These drivers add to the growth for speech recognition software, automotive vehicles and language translation services and receive comprehensive applications across the retail, healthcare, automotive, agricultural, security and manufacturing industries.

Sam Mowers, Investorideas.com

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Monday, May 16, 2022

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

SAN DIEGO, CA, May 16, 2022 (Investorideas.com Newswire)-- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today reported results for the first quarter ended March 31, 2022.

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/05161KULR-Q1-Results.asp

First Quarter 2022 and Recent Operational Highlights:

· Selected by a multinational technology conglomerate to supply proprietary carbon fiber solution for core component in the sensing of electrical nerve signals to control navigation through virtual environments. This foundational partnership marks KULR’s entry into the Metaverse, where the Company believes it has additional opportunities to support this growing industry.

· Secured a battery safety contract with NASA to test the Company’s lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs. KULR is processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (“DoD”), and others performing manned flighted missions.

· Awarded three additional contracts with DoD prime contractors to implement the Company’s carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.

· Appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering. Dr. Walker will work with the Company’s engineering team on its next generation high-performance computing (“HPC”) and hypersonic vehicle thermal management initiatives.

· Released a passive propagation resistant (“PPR”) solution in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety. The PPR solution meets the upcoming United States Coast Guard’s new safety requirements for the passenger vessel industry and provides additional battery safety options for the cargo, fishing, and cruise verticals. The Company’s solution prevents cell to cell thermal runaway propagation as well as heat, fire, and explosion from exiting the KULR-Tech Safe Case enclosure.

Subsequent Events

On May 13, 2022, KULR entered into separate transactions for both a note and a standby equity purchase agreement, allowing the Company to access up to $55 million in additional capital for procuring battery cell supplies as well as other key materials. The Company is securing inventory allocations in anticipation of ongoing demand from its key end markets. In total, KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (“MWh”) of energy capacity, enough to power approximately 40,000 homes using currently available domestic energy storage options. Within applications for the energy storage and e-mobility markets, the battery cell supplies would equate to a revenue opportunity of $250-$350 million. To further control supply chain and manufacturing costs and risks, the Company also intends to use these funds to bring much of its production capabilities to North America.

Additional details regarding the transactions can be found in the Company’s Form 8-K filing with the Securities and Exchange Commission.

Management Commentary

“In the first quarter we took demonstrable steps to support our current operations and future-proof our business in the face of ongoing supply chain challenges and mandated COVID-19 lockdowns in China,” said KULR CEO Michael Mo. “During the period we saw significant inventory buildup in China that delayed over $300,000 in revenues, which we expect to report in the coming quarter. In response to these challenges and potential roadblocks going forward, we’ve taken decisive action in solidifying our access to capital and procuring high-value and high-demand battery supplies. Over the coming year, we expect to procure battery cell supplies equaling up to 500 MWh of energy capacity to ensure we can continue to meet the outsized customer demand we are seeing. Longer term, we plan to consolidate many of our production activities to the U.S. as well.

“We are continuing to invest and focus on our core growth segments in energy storage, e-mobility and safe transportation of lithium-ion batteries with the full battery management lifecycle. As we further commercialize these areas, we will leverage our innovative R&D capabilities and products and also reference our partnerships in aerospace, defense, government and regulatory sectors.”

First Quarter 2022 Financial Results

Revenues: In the first quarter ended March 31, 2022, revenue decreased to $200,000 from $418,000 reported in the same year-ago period. The decrease in revenue was primarily due to decreased product revenue caused by mandated COVID-19 lockdowns in China, which impacted the Company’s ability to ship finished goods. Lockdown protocols were alleviated in early second quarter of 2022, allowing these products to ship and the Company booked revenue of $325,000 related to the affected sales in Q2 of 2022.

Cash: As of March 31, 2022, the Company had $10.1 million of cash compared to $6.2 million in the same year ago period.

Gross Margins: Gross margin was 39% in the quarter ended March 31, 2022, compared to 34% in the same year ago period.

Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $3.5 million in the first quarter of 2022 from $1.5 million in the same year-ago period. The increase in SG&A expenses was due to stock-based compensation issued to employees and consultants, labor costs, and general sales and marketing activities.

R&D expenses: R&D expenses in the first quarter of 2022 increased to $721,000 from $123,000 in the same period last year. The increase was due to increases in new engineering hires, investments in manufacturing automation, new product developments, and research in high-areal capacity battery electrodes and solid-state electrolyte.

Operating Loss: Loss from operations was $4.2 million for the first quarter of 2022, compared to $1.5 million from the same period last year. The increased operating loss was driven by higher SG&A and R&D costs combined with a year-over-year gross profit decrease of 46%, as a result of impacted product revenue caused by COVID-19 lockdowns in China.

Net Loss: Net loss for the first quarter of 2022 increased to $4.1 million, or a loss of $0.04 per share, compared to a net loss of $1.7 million, or a loss of $0.02 per share from the same period last year.

Conference Call

The Company has scheduled a conference call for Monday, May 16th, 2022, at 4:30 pm ET to discuss these results. Michael Mo, KULR’s CEO; Keith Cochran, President & COO, and Simon Westbrook, CFO, will provide a business update for the Company followed by a question-and-answer period.

To access the call:

Dial-In Number: 1-857-232-0157

Access Code: 422095

Please call the conference telephone number 10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.

The conference call will be available for replay here and via the Investor Relations section of KULR’s website.

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Media Relations:

Annika Harper

The Antenna Group

KULR@antennagroup.com

Investor Relations:

Tom Colton or Matt Glover

Gateway Investor Relations

Main: (949) 574-3860

KULR@gatewayir.com

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: KULR Technology Group, Inc. (NASDAQL KULR) is a paid news and social media company effective May 16 2022 more info https://www.investorideas.com/About/News/Clientspecifics.asp More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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#AIEye #Podcast 695: #Stocks discussed: (ASX:BRN) (TSX: $DTOL.TO) #artificialintelligence

#AIEye #Podcast 695: #Stocks discussed: (ASX:BRN) (TSX: $DTOL.TO) #artificialintelligence

BrainChip Partners with Edge Impulse, and D2L Expands Use of AI Tech

Global #AI in #Pharma to Reach $7.14B by 2029

Vancouver, Kelowna, Delta, BC – May 16, 2022 – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/051622-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/05161BRN-DTOL.asp

Hear the Ai Eye on Spotify

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (ASX:BRN) (TSX:DTOL)

BrainChip Holdings Ltd. (ASX:BRN) and Edge Impulse, a development platform for machine learning (ML) on edge devices, are partnering to deliver next-generation platforms to customers looking to develop products utilizing the companies' machine learning capabilities. Jerome Nadel, BrainChip’s CMO, said:

"Partnering with Edge Impulse creates a unique market solution that brings their powerful and easy to use AI/ML application design platform unparalleled performance with BrainChip's silicon proven on-chip learning and ultra-low power IP. We continue to look for partnerships that will advance opportunities to enable a wide array of edge AI capabilities, such as continuous learning and real-time inference. Edge Impulse is a perfect addition to our ecosystem of providers enabling next-generation technology to markets around the world."

Global learning technology company D2L Inc. (TSX:DTOL) has announced an expansion in its use of intelligent technology, including artificial intelligence, smart workflow design, and automation, to “help educators personalize learning.” John Baker, President and CEO of D2L, said:

“For more than a decade, D2L has been at the forefront of building intelligent tools within our products to make it easier to build engaging experiences and get the right feedback to learners when they need it the most. Personalizing learning is not easy, and our goal with intelligent tools is to help instructors save time, so they can focus on what really matters: improving outcomes for their learners.”

Global AI in Pharma to Reach $7.14B by 2029

A report published by Polaris Market Research finds that the global AI in Pharmaceutical market is projected to grow from $859.1 million USD in 2021 to $7.14 billion in 2029, registering a compound annual growth rate (CAGR) fo 31.2 percent in the forecast period 2022-29. The following excerpt from the report’s description outlines the ways in which AI is being leveraged in the market:

Drug discovery, smart manufacturing, automated control processes systems, the prediction of new treatments, and the production of novel peptides from natural foods raise awareness for the use of AI in pharma.

Furthermore, pharma companies present across the global market are using advanced machine learning algorithms and AI-powered tools to speed up the drug discovery process. These technologies are designed to detect complex patterns in vast datasets and may thus solve problems related to complex biological networks.

Sam Mowers, Investorideas.com

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For a list of artificial intelligence stocks on Investorideas.com visit here

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Wednesday, May 18, 2022

#AIEye #Podcast 696: #Stocks discussed: (NYSE: $HPE) (NasdaqGM: $VERI) #artificialintelligence

Monday, May 16, 2022

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

#AIEye #Podcast 695: #Stocks discussed: (ASX:BRN) (TSX: $DTOL.TO) #artificialintelligence