Latest news with #VPS
Yahoo
4 days ago
- Business
- Yahoo
Analysts revamp forecast for Nvidia-backed AI stock
Analysts revamp forecast for Nvidia-backed AI stock originally appeared on TheStreet. I have a virtual private server with several services running on it. It has replacements for Google Drive, Whatsapp, and Github (or Gitlab). Getting a sufficiently good internet connection that would allow me to use a real (on-premise) machine instead of a virtual one is very difficult where I live. I've been maintaining this server without any (serious) problems for a couple of years. However, in the past few months, the situation has changed, for the worse. Nothing brings me more joy than an occasional email from my VPS provider telling me that my server's CPU usage has been averaging at 98% for the last 2 hours. My server, which was almost invisible for a very long time, has become a target of scrapers and scanners.I am not alone in having this issue. Many prominent open-source projects had to protect themselves, too, and recently they started using "Anubis" for this. (Not the malware with the same name) Why the sudden change, you might ask? Well, an increasing number of companies think they will be the ones to create this 'incredible artificial intelligence.' So, they are scraping any website, regardless of whether its data is relevant and reliable. The more data they can collect, the better, seems to be the prevailing modus operandi. And once they're done collecting, throw everything into the blender and hope for the best. What if you are a little startup, with the aforementioned goals of writing incredible AI, and you've done the previous step of collecting the data, and now you just need that blender? Perhaps you have some investor money, but can't build that blender yourself. After all, Graphics cards used for AI training cost an arm and a leg. This is where CoreWeave () comes in. Just like the VPS providers that enable people like me who can't use real machines for their servers to use their servers instead, CoreWeave enables companies that can't afford AI servers to do their AI training on its GPU mega clusters. More AI Stocks: Wall Street veteran doubles down on Palantir Analysts double price target of new AI stock backed by Nvidia OpenAI teams up with legendary Apple exec Considering that the company's business model is 'renting' Nvidia () graphics cards, it is not surprising that the company has become Nvidia's largest holding, making up more than 78% of Nvidia's disclosed released its earnings report for Q1 2025 on May 14th. Here are the highlights: Revenue of $981.6 million, a 420% increase year-over-year. Net loss of $314.6 million, a 143% increase YoY. Adjusted EBITDA of $606.1 million, a 480% increase YoY. Guidance for the full year 2025 was: Revenue from $4.9 billion to $5.1 billion Capital expenditures of $20 billion to $23 billion Bank of America analysts, Brad Sills and Carly Liu, shared their opinions on the CoreWeave stock. "In our view, the AI infrastructure [capital expenditures] growth rate is peaking, though still very healthy (estimates are likely to move higher on a larger base), led by OpenAI. OpenAI's ChatGPT is the single largest consumer of AI workloads and is growing at a rapid pace. Therefore, we see solid sustained demand in CoreWeave's AI infrastructure market," said analysts In Q1, CoreWeave expanded its deal with OpenAI bringing the total contract value to $15.9 billion. The company also signed a new hyperscaler customer in Q1. It has also increased the average contract duration to four and a half years from four years since forecasted $21 billion of negative free cash flow for the company through calendar year 2027, driven by high capital expenditures. CoreWeave funds the majority of its capital expenditures with debt. The company managed to lower the interest rate in the recent debt raise of $2 billion to 9.3%, from 11% in calendar year 2024. "However, this remains a small % of the total incremental debt required from here, raising some questions, in our view," continued analysts. Sills and Liu noted that the stock is trading at twenty-five times its calendar year 2027 EBIT estimate, which is a premium to the peer group that is trading at sixteen times the estimate. They set the new price objective for CoreWeave, raising their target from $76 to $185, which is 29 times their calendar year 2027 EBIT estimate (vs. 16x previously), or 0.4 times adjusted for 69% growth. That said, they cut their rating on the stock after CoreWeave's recent rally, arguing there's less room for shares to head higher. "We believe much of the near-term upside has been priced in and downgrade our rating to neutral from buy," concluded revamp forecast for Nvidia-backed AI stock first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared.
Business Recorder
7 days ago
- Business
- Business Recorder
Budget 2025-26: Tax relief for salaried class, crackdown on non-filers
The Federal Board of Revenue (FBR) has announced sweeping changes to Pakistan's tax regime in Budget 2025-26, offering marginal relief to salaried individuals while tightening enforcement on property transactions, digital commerce, and tax evasion. The reforms, presented during a briefing with Business Recorder, signal the government's push to widen the tax net and boost documentation through stricter compliance measures. Salaried individuals will benefit from a reduction in the surcharge rate from 10% to 9%, along with nominal tax relief for those earning up to Rs. 3.2 million annually. Teachers and researchers will continue to enjoy a 25% tax rebate until 2025. However, pensioners will face new taxation rules, including a 5% flat tax on pension income exceeding Rs. 10 million for individuals below 70 years of age. Additionally, the tax exemption on withdrawals from Voluntary Pension Schemes (VPS) has been withdrawn. To support affordable housing, the budget introduces a tax credit for interest paid on low-cost housing loans, applicable to properties up to 2,500 sq. ft or flats up to 2,000 sq. ft. However, this credit can only be claimed once in a 15-year period. Commercial property owners will now see minimum rent calculated at 4% of the FBR-assigned value, while businesses will no longer be able to adjust losses against property income in the same year. Stricter rules will also apply to cash transactions, with 50% of expenses disallowed for payments exceeding Rs. 200,000 per invoice. The budget places a strong emphasis on regulating the digital economy. Foreign-operated online marketplaces will be subject to a 5% digital levy, while domestic digital transactions will face a final tax ranging from 0.25% to 2%. Non-NTN holders will be barred from purchasing vehicles, property, or mutual fund units, and online platforms must now submit seller data to tax authorities. To combat tax fraud, the FBR has introduced the concept of an 'abettor,' targeting those who facilitate fraudulent transactions. Enhanced enforcement measures include the authority to station officers at business premises, freeze bank accounts, and seal non-compliant properties. Sales tax provisions have been strengthened to curb fraud, with new penalties for unauthorized invoices and expanded definitions of tax fraud. The excise duty framework now allows for the immediate seizure of counterfeit goods, while service tax exemptions have been granted for transactions involving UN organizations and diplomatic missions. The budget extends timelines for tax assessments and appeals, simplifies filing procedures, and reduces the audit exemption period from four to three years for previously audited taxpayers. These reforms aim to streamline tax administration while improving transparency.
Business Recorder
14-06-2025
- Business
- Business Recorder
VPS Rules, 2005: SECP invites comments on proposed amendments
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper proposing amendments to the Voluntary Pension System (VPS) Rules, 2005, aimed at enhancing access and efficiency in Pakistan's pension framework. The key proposal is to allow Employer Pension Funds (EPFs) to serve multiple employers under a common fund structure. This change would enable pension fund managers to pool contributions from various employers, improving cost-efficiency through economies of scale and allowing Small and Medium-sized Enterprises (SMEs) to offer retirement benefits without setting up separate funds. Beyond previous amendments in VPS Rules, 2005 in February 2024, certain structural limitations continued to restrict the scalability and broader market adoption. The structure restricted each fund to a specific employer, limiting scalability and creating cost inefficiencies, particularly for smaller employers. Subsequently, the SECP initiated an impact analysis to assess the efficacy of the VPS Rules in addressing the evolving dynamics of retirement savings. Various areas of improvement have been resultantly identified to provide operational efficiency, broader pension coverage and to reduce entry barriers for employer participation. The proposed draft amendments aim to align the regulatory framework more closely with international best practices, eliminate interpretational ambiguities, and foster a stronger culture of retirement savings in Pakistan. The consultation paper is open for public comments for 15 days from the date of publication. Copyright Business Recorder, 2025
Newsweek
12-06-2025
- Automotive
- Newsweek
Eco-Friendly Installation to Keep Kias Safe From Future Violent Storms
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A hailstorm roared through Western Georgia in March 2023, damaging over 13,000 vehicles that sat out in the elements at Kia Georgia, the car company's manufacturing plant, causing millions of dollars in damage. Today, Kia Georgia produces some of the brand's most popular models, including the Telluride, Sorento, Sportage EV9 and EV6 SUVs. It has the capacity to make 350,000 vehicles annually. Following the storm, Kia Georgia went looking for a creative way to keep future storms from causing so much damage. Enter VPS, a company that makes solar-integrated parking canopies. Not only would the installation protect vehicles from future hail damage, but it would also create solar energy, making Kia's production facility greener in the process. Kia has the goal of mitigating the company's carbon emissions by 97 percent by 2045, based on 2019 levels. A close up view of Vehicle Protection Structures (VPS) solar array covered structure at Kia Georgia. A close up view of Vehicle Protection Structures (VPS) solar array covered structure at Kia Georgia. VPS "VPS hail protection systems are already considered the industry standard for weather protection of large areas of risk, and the integration of solar electricity generation helps manufacturers meet sustainability targets, reduce utility charges, and qualify for available tax credits. Kia Georgia not only believes in building sustainable products but also incorporating sustainable solutions that protect and promote efficiency and quality," Wade White, executive vice president of VPS, told Newsweek. The project and its 17,000 solar panels have the ability to integrate over 10 megawatts of solar-generated energy into Kia Georgia's power system. That will account for up to 30 percent of the power the plant uses over the course of a year. VPS has fabricated the entire project and is about 40 percent done with its installation. The project, which covers much of the northwest side of the West Point, Georgia, manufacturing facility, is scheduled to be completed by the end of 2025. Vehicle Protection Structures (VPS) solar array covered structure at Kia Georgia. Vehicle Protection Structures (VPS) solar array covered structure at Kia Georgia. VPS Kia Georgia isn't the only Hyundai Motor Group (HMG) manufacturing facility in the state. Hyundai Motor Group Metaplant America (HMGMA) opened in March, part of a $7.59 billion investment made in Bryan County, Georgia, by HMG. A joint venture 30-gigawatt-hour battery plant with LG Energy Solution (LGES) is located at the site. It joined the company's SK On battery plant in Commerce, Georgia, as a producer of batteries for HMG's electric vehicles. HMG's total investment in the state to date is $12.6 billion. HMGMA is the largest economic development project in the state of Georgia's history. Also in March, HMG announced that it would invest $21 billion in manufacturing vehicles in the U.S. Of that, $9 billion will be spent to increase the company's production capacity to 1.2 million vehicles annually across its three brands (Hyundai, Kia and Genesis). Hyundai Motor Manufacturing Alabama and Kia Georgia will receive improved production facilities.
Yahoo
06-06-2025
- Business
- Yahoo
IDEX Biometrics ASA: Final result of the Subsequent Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange notice from IDEX Biometrics ASA (the "Company") on 21 May 2025 regarding the commencement of the subscription period (the "Subscription Period") in the subsequent offering (the "Subsequent Offering") consisting of up to 600,000,000 new shares (the "Offer Shares") in the Company at a subscription price of NOK 0.01 per share ("Offer Price"). The Subscription Period commenced on 22 May 2025 and expired on 5 June 2025. By the end of the Subscription Period, the Subsequent Offering was 8x oversubscribed. Pursuant to the resolution by the Extraordinary General Meeting dated 11 April 2025, the Company's board of directors has today resolved to allocate and issue a total of 600,000,000 Offer Shares at the Offer Price in accordance with the allocation criteria set out in the prospectus dated 21 May 2025, raising gross proceeds of NOK 6 million. Investors that are allocated Offer Shares can access information on the number of Offer Shares allocated to them through VPS on or about 6 June 2025. The due date for payment of the Offer Shares is on 11 June 2025. Subject to duly and timely payment of the Offer Shares, the share capital increase pertaining to the Subsequent Offering is expected to be registered in the Norwegian Register of Business Enterprises ('NRBE') on or about 13 June 2025. Following registration of the share capital increase associated with the Subsequent Offering in the NRBE, the Company's share capital will be NOK 44,316,309.99 consisting of 4,431,630,999 shares, each having a par value of NOK 0.01. The Offer Shares will be delivered to the VPS accounts of the subscribers shortly thereafter, expected on or about 13 June 2025. A separate announcement will be made when the share capital increase has been registered. The Offer Shares will have equal rights and rank pari passu with the Company's other shares. Arctic Securities AS is acting as manager in connection with the Subsequent Offering (the "Manager"). Ræder Bing advokatfirma AS is acting as the Company's legal advisor. For further information, please contact: Kristian Flaten, CFO, Tel: +47 95092322 E-mail: ir@ IMPORTANT NOTICE This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The "Prospectus Regulation" means Regulation (EU) 2017/1129, as amended (together with any applicable implementing measures) in any Member State. This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond their control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation as implemented in any Member State. About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this notice: This notice was issued by Kristian Flaten, CFO, on 6 June 2025 at 17:20 CET on behalf of IDEX Biometrics ASA. The information is published in accordance with section 5-8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5-12 of the in to access your portfolio
