February 16, 2025: Market Ready To Breakout Here?

Last week, though volatile, ended on a positive note. Dow Jones closed the week up 0.55%, S&P 500 gained 1.5%, and Nasdaq composite rose 2.6% — all three major indices are approaching all time highs. The Market has been range-bound since mid-December, a break above could signal a move to further upside from a technical point of view. Turo on Thursday withdrew its plans for an IPO. Elon Musk’s AI company, xAI, is said to be in talks to raise US$10 billion in a round that would value xAI at US$75 billion. Trump officials asked TSMC to weigh taking a stake in Intel’s chip factories. French President Emmanuel Macron said in an interview with France 2 TV Sunday that he expects companies and funds to invest US$100 billion in artificial intelligence projects in the county. Super Micro’s stock surged after outlining ambitious 2026 targets, assuring investors it will avoid delisting. Robinhood’s crypto business powered a revenue surge. Coinbase also reported strong revenue and profit growth. Airbnb’s stock rose 14% in after-hours trading after the company said Q4 rose 12%, exceeding its guidance. Alibaba’s stock closed 8.5% higher in Hong Kong Wednesday, following reports of the e-commerce giant’s partnership with Apple, which also continues to work with Baidu to power AI on iPhones in China. Apple and Meta, are both reportedly exploring humanoid robots. In Canada, Shopify indicated that its free cash flow margin could shrink to the mid-teens in Q1, down from 22% in Q4. Sophic Client American Aires launched the Aires Certified Spaces (ACS) standard for creating authorized EMF-friendly physical spaces, as part of strategic efforts to expand brand awareness and grow sales by leveraging more mass market exposure. Vancouver-based quantum startup Photonic published a paper detailing a new quantum error correction method. Major media companies sued Cohere for alleged copyright infringement.

Shopify (SHOP-NYSE, SHOP-TSX) projects shrinking margins.

E-commerce software giant Shopify warned on Tuesday that its free cash flow margin could shrink to the mid-teens in the first quarter, down from 22% in the fourth quarter. Executives attributed the outlook to marketing spending to drive growth, faster growth in the company’s payments business compared to its software business, as well as pricing changes including longer discounts for new software customers. Shares fell nearly 2% in morning trading. Shopify’s revenue in the fourth quarter, its biggest sales quarter due to the holiday season, rose 31% to US$2.8 billion. The company projected that revenue growth would slow to a percentage in the mid-twenties in the first quarter. In a bid for longer-term growth, Shopify has been trying to woo more large merchants to its platform, in part by offering individual products like its speedy Shop Pay checkout and in-store point-of-sale tech to big retailers. But executives haven’t yet detailed how revenue from bigger customers is contributing to the company’s overall growth. https://tinyurl.com/mr26f3tb

Sophic Client American Aires (WIFI-CSE, AAIRF-OTCQB) launches the Aires Certified Spaces (ACS) standard for creating authorized EMF-friendly physical spaces.

American Aires Inc., officially launched the Aires Certified SpacesTM (ACS) standard, a set of protocols for implementing EMF modulation solutions to create authorized EMF-friendly spaces. The ACS standard and the Company’s authorization of Aires Certified Spaces are examples of Aires’ strategic efforts to expand brand awareness and grow sales by leveraging more mass market exposure opportunities while targeting the untapped physical spaces market. The ACS standard also marks an important initial step toward Aires’ ongoing plan of capturing the commercial B2B and physical spaces market. This development represents a massive global opportunity for Aires to equip businesses and organizations of all types with EMF protection solutions, including prime candidates such as the $51.8-billion-dollar global workplace wellness market and the $438.2-billion-dollar global real estate wellness market, as well as mainstream venues and spaces including Stadiums & Arenas, Educational Institutions, Healthcare Spaces, Fitness Facilities & Gyms, Hotels & Resorts, Airbnbs & Vacation Rentals, Corporate Offices & Coworking Spaces, and Restaurants, Coffee Shops & Community Hubs. Aires is actively working with a number of potential B2B venues and commercial spaces toward the goal of announcing the first official adoption of the ACS standard shortly. https://t.co/wgRbbcFtIu

Photonic claims breakthrough in quantum computing error correction.

Vancouver-based quantum startup Photonic has published a paper detailing a new quantum error correction method that it says requires fewer quantum bits (qubits) than previous methods. The breakthrough comes in the form of a new family of Quantum Low-Density Parity Check (QLDPC) codes that Photonic is calling “Subsystem Hypergraph Product Simplex” codes (SHYPS). Photonic marks yet another Canadian quantum company announcing a technical stride. Just a few weeks ago, Toronto-based quantum computing company Xanadu claimed it had figured out how to network quantum computers together, another one of the key challenges facing the industry. Photonic raised $137 million (US$100 million) from a pool of investors that included strategic partner Microsoft in November 2023. https://tinyurl.com/yhdw4ufm

Major media companies sue Cohere for alleged copyright infringement.

A group of major North American media companies filed a lawsuit against Toronto-based generative artificial intelligence (AI) startup Cohere, alleging that it engaged in “massive, systematic copyright infringement and trademark infringement.” The consortium of publishers suing Cohere includes The Atlantic, Condé Nast, Forbes, The Guardian, Insider, the Los Angeles Times, Politico, the Toronto Star, and Vox, among others. In their complaint, filed in the Southern District of New York, the publishers accuse Cohere of unfairly using their content to train its AI models and displaying full or partial copies of articles. Last year, Cohere closed US$500 million in Series D financing at a US$5.5 billion valuation, making it one of Canada’s most valuable tech startups. The company counts a group that includes AMD, Export Development Canada, Fujitsu, Inovia Capital, Nvidia, Oracle, and Salesforce Ventures among its backers. https://tinyurl.com/yzwjbwp8

Turo scraps plans for an IPO.

Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as the Airbnb for cars — publicly filed in January 2022 for an initial public offering, but IPO conditions changed soon afterward. Its growth decelerated, too. Turo’s decision to end its IPO plans comes just one day after peer-to-peer car-sharing company Getaround shut down its U.S. operations. https://tinyurl.com/5fe677xf

OpenAI Board will reject Musk’s US$97 billion takeover bid, CEO says.

OpenAI CEO Sam Altman on Monday said the artificial intelligence developer’s board would reject an unsolicited takeover bid from a group of investors led by Elon Musk. Musk and the investors, including his AI developer xAI and some its backers such as Baron Capital Group, Valor Management and Vy Capital, offered US$97.4 billion to purchase the assets of OpenAI, according to Musk’s attorney, Marc Toberoff. It’s the entrepreneur’s latest effort to stop OpenAI from converting to a for-profit corporation that is no longer controlled by OpenAI’s nonprofit board. Altman told his staff that Musk’s effort was “embarrassing” and not in the best interest of OpenAI’s mission to develop artificial general intelligence to benefit humanity. The comment came after Altman personally rejected the bid in a post on X. Musk’s bid follows months of legal battles with OpenAI, which he claims defrauded him into making substantial donations to the nonprofit after cofounding it in 2015 with Altman and others. Musk now runs a competing AI developer. A U.S. district judge said during a hearing last week that she was leaning in favor of the ChatGPT maker in its initial defense against an injunction favored by Musk as a way to halt the for-profit conversion. Monday’s bid could be an effort to get the attention of state officials officials in California and Delaware who could potentially object to the conversion if the nonprofit doesn’t receive what’s known as fair compensation from the existing for-profit arm, which developed ChatGPT. https://tinyurl.com/dt2fsber

Elon Musk’s AI company, xAI, said to be in talks to raise US$10 billion.

Elon Musk’s AI company, xAI, is said to be in talks to raise US$10 billion in a round that would value xAI at US$75 billion. Bloomberg reported Friday that xAI is canvassing existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners for the round, which would bring xAI’s total raised to US$22.4 billion, according to Crunchbase. Bloomberg also noted that discussions are ongoing and that the terms of the fundraising round may change. The potential new injection of capital comes as xAI reportedly weighs buying more than US$5 billion worth of servers from Dell to support the development of its AI technologies, including its Grok models. Grok powers a growing number of features on Elon Musk’s X social network, including summaries of trending discussions. The next major version of Grok, Grok 3, is set to be released in the next several weeks, Musk said in a livestreamed appearance at a Dubai technology conference this week. https://tinyurl.com/mr2vtmy9

Trump officials ask TSMC to weigh taking a stake in Intel’s chip factories.

Taiwan Semiconductor Manufacturing Co., the world’s leading manufacturer of advanced chips for artificial intelligence, is considering whether to take a controlling stake in Intel’s chip manufacturing factories after Trump administration officials asked it to do so, according to a Bloomberg report. Intel’s factories are bleeding cash and the company has said it intended to spin out the business as an independent subsidiary. TSMC’s talks with Intel are in the early stages, and it’s unclear how the deal would be structured. It’s possible that U.S. chip companies could take equity stakes in the new venture so that the chip facilities would not be entirely owned by a foreign corporation. https://tinyurl.com/msb3tvap

Meta considers acquisition of Korean AI chip startup.

Meta Platforms is in talks to buy South Korean AI chip startup FuriosaAI, according to Forbes. If the talks progress, such an acquisition would give Meta more firepower in its efforts to develop custom chips. Founded in 2017, FuriosaAI is reportedly holding discussions with multiple companies about a possible acquisition. The startup’s CEO, June Paik, previously worked at Samsung and AMD. A deal with Meta could be finalized as soon as this month, Forbes reported. Meta declined to comment. FuriosaAI did not immediately respond to a request for comment. https://tinyurl.com/6wnauba8

France to announce more than US$100 billion in AI investments.

France President Emmanuel Macron said in an interview with France 2 TV Sunday that he expects companies and funds to invest US$100 billion in artificial intelligence projects in the county. That kind of investment could help ensure AI companies in the country remain competitive by expanding the number and capacity of data centers to train and run AI software. In the interview, Macron noted that MGX, the Abu Dhabi fund, had already committed between US$30 billion and US$50 billion to fund AI data centers in France. Brookfield Asset Management also released a joint statement with Macron, announcing a US$20 billion investment in data centers in France by 2030. MGX is involved in Stargate in the U.S., a partnership between OpenAI, SoftBank and Oracle to build AI data centers in the U.S. The comments by Macron came over the weekend ahead of the Paris AI summit, which began on Monday. https://tinyurl.com/2shfdfjh

SoftBank posts surprise loss of US$2.4 billion in third quarter as Vision Fund investments go into red.

SoftBank Group posted a surprise quarterly loss Wednesday as investments under its Vision Funds fell into red. The Japanese company’s revenue also missed analysts’ estimates. The broader Vision Fund segment — which factors in administrative costs, fluctuations in currency, among other things — reported a loss of 309.93 billion yen during the quarter. SoftBank reported a 2.1% quarter-on-quarter drop in its Vision Fund 1 public portfolio companies, primarily due to a decline in the share price of e-commerce company Coupang, while the value of its investments in private companies dropped 3.3%. Overall, the fair value of SoftBank’s Vision Fund 1 portfolio companies declined by 2.8% from the previous quarter-end. Vision Fund 2 fair value fell by 3.7% from the prior quarter-end. Decreases in the share prices of public companies such as EV-maker Ola Electric Mobility and warehouse automation firm AutoStore outweighed a jump in the stock of food delivery firm Swiggy following its November 2024 listing. It is now repositioning itself to take advantage of the artificial intelligence boom, where players such as Nvidia have benefited from meteoric demand for chips and data center GPUs. https://tinyurl.com/3fjsjf22

Super Micro stock surges after outlining ambitious 2026 targets, assuring investors it will avoid delisting.

Super Micro Computer stock climbed as much as 12% in premarket trading on Wednesday after the tech company announced a positive update on its plans to avoid being delisted by the Nasdaq and outlined an ambitious new revenue goal for 2026. On Tuesday, the company told investors it now expects to submit delayed filings to the SEC by the Nasdaq’s Feb. 25 deadline to avoid delisting. Super Micro is a rival to Dell, which makes computer servers using Nvidia’s latest Blackwell AI chips. After the bell on Tuesday, Super Micro reported preliminary second quarter earnings for its fiscal 2025 that missed Wall Street’s estimates. Super Micro’s business update comes after a turbulent year in which the company faced ongoing controversies in the wake of the Hindenburg report. The US Department of Justice reportedly launched a probe into Super Micro’s accounting practices. The firm’s delayed annual and quarterly SEC filings put it at risk of being delisted by the Nasdaq, and its accountant resigned. The Nasdaq recently granted Super Micro an extension to submit the filings by Feb. 25. The company has hired a new accountant, and the server maker said an independent review of its business found no evidence of misconduct. https://tinyurl.com/2hbj68f8

Robinhood’s crypto business powers revenue surge.

Robinhood reported fourth-quarter revenue of US$1.01 billion, more than double the same period a year earlier, driven by a surge in crypto trading. The trading app’s shares rose 12% in post-market trading. Robinhood said crypto revenue was US$358 million in the quarter, up over 700% from a year ago, far outpacing growth in stock and options trading revenue. The company reported net income of US$916 million, compared to US$30 million a year earlier. Crypto trading activity jumped following the election of crypto-friendly President Donald Trump in November, which drove bitcoin prices to a record high of over US$100,000. Robinhood’s result could bode well for Coinbase, the biggest crypto exchange, which will report earnings on Thursday. https://tinyurl.com/29h9w6nt

Coinbase revenue, profit surge after U.S. election rally.

Coinbase, the largest U.S. crypto exchange, reported US$2.3 billion in revenue for the fourth quarter, more than double from a year ago, driven by a market rally following the election of President Donald Trump in November. Net income surged to US$1.29 billion, up from US$273 million a year ago. Retail trading volume jumped to US$94 billion, up 176% from a quarter ago, but still lagging its peak of US$177 billion during the last bull market in the fourth quarter of 2021. Coinbase stock rose 3.7% in post-market trading. The company held US$9.3 billion in cash, cash equivalents and USDC stablecoins, up US$1.1 billion from a quarter ago. The strong balance sheet gives it financial flexibility to pursue M&A, share repurchases, debt buyback and other activities, said Anil Gupta, Coinbase’s head of investor relations. https://tinyurl.com/3hfdd477

Airbnb revenue, bookings accelerate.

Airbnb’s stock rose 14% in after-hours trading after the company said revenue for the fourth quarter rose 12% to US$2.5 billion, exceeding its revenue forecasts, and the fastest growth in three quarters. The short-term rental company said gross booking value, or the total value of customer sales, increased 13% to nearly US$18 billion boosted by higher average daily rates and more nights booked. The San Francisco company expects revenue to rise 4% to 6% in the first quarter, though it warned that foreign exchange rates would affect average daily rates. The company’s free cash flow decreased to US$458 million in the fourth quarter compared to the third quarter’s US$1.1 billion. https://tinyurl.com/56zd6kev

Lyft shares sink on tepid first quarter forecast.

Lyft’s stock dropped 11% in after-hours trading after the company forecast gross bookings for its ride-hailing and bike rental business will slow in the current quarter as winter weather and lower pricing weigh on sales. The San Francisco company said revenue for the fourth quarter rose 27% year over year to US$1.6 billion as rides to and from work surpassed a pre-pandemic high and the number of rides scheduled in advance rose to a record. Gross bookings, or how much in total riders spent on its app minus tips, rose 15% to US$4.3 billion in the three months ended in December, topping its forecasts. The company forecast bookings will rise 10% to 14% in the first quarter. The company generated free cash flow of US$140 million in the fourth quarter, lower than the US$248 million in cash from operating activities, excluding capital expenditures, that it reported in the third quarter but sharply higher than a year ago. CEO Dave Risher has been engaged in a turnaround of the company, which has lagged rival Uber in its share price and profits. “We’ve got more to do,” said Risher in a statement. “Our biggest competition is inertia.” The company’s board of directors authorized a repurchase of up to US$500 million in stock. Ahead of the report, Lyft shares had risen 16% in the past year, outpacing Uber’s 11% gain but short of the Nasdaq Composite’s 23% rise. https://tinyurl.com/4xhad9nu

Alibaba shares jump 8.5% in Hong Kong on Apple partnership.

Alibaba’s stock closed 8.5% higher in Hong Kong Wednesday, following The Information’s report on the e-commerce giant’s partnership with Apple. Apple has partnered with Alibaba to roll out its AI features for iPhone users in China, and the two companies have submitted the features they co-developed for approval by China’s cyberspace regulator, The Information reported Tuesday. Apple last year began rolling out AI features known as Apple Intelligence on devices such as the iPhone in the U.S. and other countries. But such features haven’t become available yet in China, where regulators require Apple to work with local companies in developing all AI models for devices sold in the country. Apple last year selected Baidu as its primary partner for AI features in China, but the collaboration ran into challenges, The Information reported in December. https://tinyurl.com/2tphju5h

Apple continues to work with Baidu on AI features for iPhone in China.

Apple continues to work with Baidu to develop artificial intelligence features for iPhone users in China even after onboarding new partner Alibaba Group, according to two people with direct knowledge of the matter. Specifically, Baidu has been developing an AI-powered search feature that can handle images and text and upgrades to the Chinese version of Siri voice assistant, the two people said. These features are part of a suite of functions known as Apple Intelligence, which has been rolled out to the U.S. and several other countries, but not yet to China, Apple’s biggest market outside the U.S. This is because Chinese regulations require Apple to partner with a local company to develop any AI applications for consumer use. The Information reported earlier this week that Alibaba had been working with Apple on AI features, after the partnership with Baidu met with challenges. Alibaba Chairman Joe Tsai confirmed the partnership on Thursday while speaking at a conference in Dubai. Apple’s cooperation with both Baidu and Alibaba shows how the iPhone maker is hedging its bets by entering into non-exclusive agreements with more than one AI partner in China, an area where Apple faced increasing competition from local smartphone brands such as Huawei and Vivo. Apple Intelligence relies on a mix of Apple’s own AI models and a partnership with OpenAI, whose ChatGPT software is being used to handle more of the iPhone’s complex tasks. Apple has said that it hopes to offer AI models from other companies such as Google in the future. https://tinyurl.com/5hxrshn4

Reddit’s stock drops 15% after the CEO said a Google algorithm tweak hurt traffic.

Reddit’s stock dropped more than 15% after hours on Wednesday after the company reported user growth below analyst expectations in its fourth-quarter earnings. The site averaged 101.7 million daily active unique users in the fourth quarter, a 39% year-over-year increase but below Wall Street analysts’ estimates of 103.8 million. User growth is a critical metric for Reddit because so much of its business relies on advertising. Before the company went public in March, Reddit said in a filing that it generates “substantially all of our revenue from advertising.” Reddit reported US$428 million in revenue for the fourth quarter, a 71% year-over-year increase from 2023. About 92% of that fourth-quarter revenue came from advertising. The rest came from Reddit’s “other revenue” segment, which includes content licensing deals. Steve Huffman, Reddit’s CEO, said on an earnings call that it’s become common for people to use search engines like Google to peruse Reddit. But Huffman said the site saw “volatility” in traffic in the fourth quarter after Google tweaked its search algorithm. Huffman said he was not worried about the traffic volatility and that it did not impact revenue. https://tinyurl.com/yvxsum9j

China’s BYD goes all-in on self-driving, with even its US$9,500 EV getting ‘high-level’ autonomous features.

BYD is battling Tesla for the title of the world’s largest EV company — and now the Chinese upstart is coming for Elon Musk’s self-driving crown. The electric vehicle giant unveiled a massive expansion of its intelligent driving system on Monday as it seeks to fight off brutal competition in the world’s most competitive car market with a new lineup of high-tech vehicles. BYD said it would include its “God’s Eye” self-driving tech, which enables features such as remote parking and autonomous overtaking, on its entire model lineup. The company’s shares on the Hong Kong Stock Exchange hit an all-time high after the announcement, rising 4% on Tuesday morning. https://tinyurl.com/5b6c9e7u

Lyft to start offering autonomous vehicle rides with Mobileye.

Lyft plans to launch robotaxis equipped with self-driving technology supplied by Intel’s Mobileye in Dallas next year, Lyft CEO David Risher said Monday in a post on X. Japanese auto and fleet financing company Marubeni will provide the cars. Riders will be able to request autonomous vehicle rides through the Lyft app. The move will help Lyft catch up with rival Uber, which plans to manage and dispatch Waymo cars in Austin and Atlanta through the Uber app starting early this year. Lyft said in November that it would offer rides in autonomous vehicles to customers in Atlanta this year. Texas has been a popular state for companies to test autonomous driving efforts. Tesla CEO Elon Musk said last month that Tesla robotaxis would be available in Austin this June. Lyft is expected to report financial results Tuesday. The company’s stock jumped 7% Monday after Risher made the Dallas robotaxis announcement. https://tinyurl.com/yu24ttwb

Apple is reportedly exploring humanoid robots.

Apple is exploring both humanoid and non-humanoid robotic form factors, according to a new scoop from longtime Apple analyst Ming-Chi Kuo. The intel comes on the heels of a research paper from the iPhone maker that explores human interactions with “non-anthropomorphic” robots — specifically a Pixar-style lamp. While Apple’s research paper highlights elements that could inform an eventual consumer robot, the work primarily shines a light on progress from a company still mired in the early research stages of a complex field. Kuo qualifies the work as “early proof-of-concept,” adding that the Apple Car project was effectively abandoned in a similarly early stage. Citing “current progress and typical development cycles,” Kuo projects 2028 as an optimistic timeline for mass production. What makes robots unique compared to other early-stage Apple projects — such as a rumored foldable iPhone — is the level of transparency from the notoriously tight-lipped Apple. https://tinyurl.com/c2nsh898

Meta is working on ‘humanoid’ robots, too.

Meta is planning to design the hardware and software for humanoid robots, according to a report from Bloomberg. Sources tell the outlet that a newly formed team within Meta’s Reality Labs division will start by working on “humanoid robot hardware” capable of completing household chores. Bloomberg notes that Meta has broader goals of making “the underlying AI, sensors and software for robots that will be manufactured and sold by a range of companies.” That means the company might not make a Meta-branded robot to start. It’s in discussions with robotics companies like Unitree Robotics and Figure AI about its plans, Bloomberg reports. Tesla already showed off humanoid robots of its own, while other tech giants have begun to dip into the robotics industry. Recent research conducted by Apple gave us a glimpse at a Pixar-style lamp that interacts with users through voice commands and gestures. Apple analyst Ming-Chi Kuo said that the company is exploring “both humanoid and non-humanoid robots for its future smart home ecosystem.” Nvidia also has big ambitions for the future of robotics. https://tinyurl.com/5n7vpn5u

Google, Apple restore TikTok to App Store.

Google and Apple have brought TikTok back to their app stores nearly a month after removing it following a congressional ban, according to a Google spokesperson and a review of the Apple app store. It was not immediately clear what prompted the change. Apple said it would restore TikTok to its app store on Thursday evening, following a letter from attorney general Pam Bondi, Bloomberg reported. An Apple spokesperson didn’t immediately respond to a request for comment. The TikTok law threatened to levy hefty fines on app stores and service providers that distributed TikTok. Upon taking office, President Donald Trump issued an executive order pausing the ban for 75 days and offering protection for tech companies providing the app. Cloud computing providers, including Oracle, resumed service after a brief outage, but TikTok remained out of the major mobile app stores until Thursday. https://tinyurl.com/mv4x2wrp

Apple resumes advertising on Elon Musk’s X after 15-month pause.

Apple has resumed advertising on Elon Musk’s X social network as of this week. Apple hasn’t addressed its decision-making process for resuming advertising on X. Apple CEO Tim Cook, however, has a close relationship with President Trump and attended the inauguration last month alongside Elon Musk. https://tinyurl.com/4cxufydu

Shein, Temu sales fell after Trump shut China trade ‘loophole’.

Temu and Shein’s U.S. sales dropped in the days following an executive order by President Donald Trump that briefly ended an import exemption used by both bargain sellers to avoid paying China tariffs, Bloomberg reported on Wednesday. Between Feb. 4 and Feb. 9, Shein’s daily sales dropped as much as 41% compared to the same day a week before, while Temu sales fell as much as 32%, according to credit card data analyzed by Bloomberg Second Measure. Trump’s abrupt move to end the duty-free import method, known as de minimis, sent direct-from-China retailers scrambling to figure out how to import goods using more traditional methods, which require more paperwork than de minimis shipments. The Trump order, which also slapped additional tariffs on goods from China, means direct-from-China sellers including Shein and Temu will also likely have to charge shoppers higher prices once the de minimis changes go into full effect. On Feb. 8, however, Trump announced that he would pause the closure de minimis until the U.S. could determine a system for processing imports and collecting the tariffs. https://tinyurl.com/5c6p5k4e

Arm is launching its own chip this year with Meta as a customer. 

Public semiconductor company Arm will start making its own chips this year after landing a high-profile enterprise customer. Arm, which is majorly owned by SoftBank, will start making its own chips now that Meta has signed on as a customer, according to the Financial Times. The chip is expected to be a CPU for servers in large data centers and can be customized for various customers. Arm will outsource its production. The first in-house Arm chip will be unveiled as early as this summer, the Financial Times also reported. This is a notable change in strategy for the semiconductor company, which usually licenses its chip blueprints to companies like Apple and Nvidia. Making its own chips will turn some of its existing customers into competitors. TechCrunch reached out to both Meta and Arm for comment and will update the story if we hear back. https://tinyurl.com/4zznp64s 

Sophic Client Plurilock (PLUR-TSXV, PLCKF-OTCQB) Code and Country Podcast Episode 5 – Sami Khoury – Government of Canada Senior Official for Cyber Security.

Join us on Code and Country as we delve into the high-stakes world of cybersecurity with one of Canada’s top experts, Sami Khoury. Currently serving as the Senior Official for Cyber Security for the Government of Canada, Sami has a storied career spanning over three decades at the forefront of national and international cyber defense. This episode offers a rare glimpse into the life of a cybersecurity leader who shapes the strategies defending against some of the most sophisticated digital threats facing countries today. Explore the evolving cybersecurity landscape through Sami’s expert lens, as he discusses how ransomware, artificial intelligence, and quantum computing are reshaping the future of national security. Learn about Canada’s response to global cyber threats, the strategic importance of international coalitions against ransomware, and the pivotal role of public-private partnerships in advancing cybersecurity measures. With insights into policy-making, incident response, and the development of resilient digital ecosystems, this conversation is a must-listen for anyone interested in the intersection of technology, security, and governance. Tune in to discover how Canada is leading the charge in the digital age, ensuring safety and stability in an increasingly interconnected world. https://tinyurl.com/yk6tzfhx

Sophic Client American Aires (WIFI-CSE, AAIRF-OTCQB) – How will Aires balance growth and profitability in 2025?

Check out this short video to hear a deeper dive on how the Aires leadership will be balancing growth and profitability in 2025. https://tinyurl.com/mwf2cv8y