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Nintendo sold 2.7 million Switch consoles to date

USATODAY - Tech Top Stories

Since launching its new Switch video game system in March, Nintendo sold more than 2.7 million units of the game console, signaling a potential rebound for the company in at-home gaming. NEW YORK, NY - MARCH 3: The new Nintendo Switch game console is displayed at a pop-up Nintendo venue in Madison Square Park, March 3, 2017 in New York City. The Nintendo Switch console goes on sale today and retails for 300 dollars. The success of Switch pushed sales for the January-March quarter to $1.6 billion, up from $709 million the year before, Nintendo revealed in earnings results reported Thursday. Nintendo also trimmed losses for the quarter to $3.5 million from $215 million.


The Morning After: Thursday, April 27th 2017

Engadget

We also hear more on the next Call Of Duty title and Amazon's new fashion camera. Profits are up, and'Pokemon' is pretty much a license to print money. It's claimed an operating profit of $1.6 billion (178 billion yen) for the last quarter, which is almost a billion dollars more than the same quarter in 2016. It's the company's first financial results after its Switch console went on sale, and since March 3rd, it's sold 2.74 million units. The company believes sales will stay strong, forecasting 10 million more Switch consoles sold by this time next year.


Mellanox Technologies (MLNX) Q1 2017 Results - Earnings Call Transcript

#artificialintelligence

At this time, all participants have been placed in a listen-only mode. And the floor will be open for your questions following the presentation. As a reminder, this conference is being recorded. And now I would like to turn the conference over to Mellanox. Leading the call today will be Eyal Waldman, President and CEO of Mellanox Technologies; and Jacob Shulman, Chief Financial Officer. By now, you've seen our press release and associated financial information that we furnished to the SEC on Form 8-K this afternoon. If not, you may access them on our website at ir.mellanox.com. As a reminder, today's discussion includes predictions, expectations, estimates and other information, all of which we consider to be forward-looking statements. Throughout today's discussion, we present important factors relating to our business that may potentially affect these forward-looking statements. These forward-looking statements are also subject to risks and uncertainties that may cause actual results to differ materially from statements made today. As a result, we caution you against placing undue reliance on these forward-looking statements. And we encourage you to review our most recent SEC reports, including our 10-K and 10-Q, for a complete discussion of these factors and other risks that may affect our future results or the market price of our ordinary shares.


Here's what to pay attention to when Google reports Q1 results - Business Insider

#artificialintelligence

Google's parent company Alphabet reports its Q1 earnings Thursday afternoon after the market closes. The report comes as Alphabet's stock continues to break records, recently reaching all-time highs. Google, the core of Alphabet's business, has shown progress in the areas CEO Sundar Pichai has said he wants to focus on: YouTube, artificial intelligence, and consumer products. Here's what you need to know ahead of Alphabet's earnings. Revenue: $20.02 billion, which would be 21.6% year-over-year growth YouTube TV launched in a few US cities a few weeks ago.


Fiat Chrysler Profit up More Than a Third as Europe Improves

U.S. News

FILE - This Tuesday, May 6, 2014, file photo shows a sign outside Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. Fiat Chrysler and Google said Tuesday, April 25, 2017, for the first time will offer rides to the public in the self-driving automobiles they are building under an expanding partnership.


AIDoc Medical raises $7M to bring AI to medical imaging analysis

#artificialintelligence

We are probably still quite some way off from seeing Artificial Intelligence (AI) replace doctors, but there are already lots of proven use-cases where AI is being used to augment the medical profession. One proven area is in medical imaging where AI and computer vision is helping with medical scan and imaging analysis to help support radiologists and other clinicians. One startup operating in this space is AIdoc Medical. The company has built what co-founder and CEO Elad Walach describes as an AI that can spot visual abnormalities in medical scans. The technology is designed to fit into a radiologist's existing workflow to help make their job more efficient.


Schindler Holding's (SHLAF) CEO Thomas Oetterli on Q1 2017 Results - Earnings Call Transcript

#artificialintelligence

Welcome to the Schindler Conference Call on key figures for the First Quarter 2017. I'm here together with Erich Ammann, our CFO we will go into all financial details later during the call. As an introduction to the remark it is fair to say that we continued our successful plan of the last year as we kept our direction towards top-line growth and also higher profitability. Let's have a closer look on our highlights of the first quarter 2017 on slide two. We made further operational and strategic progress. First, we were able to confirm our growth path. Orders received increased by 5.9% in local currencies and also operating revenue rose by 3.8% in local currencies. Operating revenue was therefore within our guidance of 3% to 5% growth in 2017. Our investments into our geographic diversification mainly into our strategic markets were paying off. Second, we also continued to improve our profitability. The EBIT margin increased to 11.5% and even 11.7% before restructuring costs. Net profit stayed flat at CHF179 million due to some temporary booking losses on the ALSO exchangeable bond. Third, we made further progress in our strategic initiatives. We are on track with our globally harmonized modular product platforms, but it is still a long way to go to finalize this, and we were also able to successfully launch our new Internet of Elevator and Escalator Solutions, Schindler Ahead. Yesterday, we launched officially our new Schindler Ahead initiative and I would like to stay a little bit with that topic. As you can see on slide number 3, we will create significant customer benefits in the future. We increased the uptime of our equipment with predictive maintenance, we offer comprehensive insights about all type of information of the equipment for a better building, maintenance and management, and we generate convenience with superior customer service by interactive and personalized passenger experience. On slide four, you find the solution concept of our enhanced service offerings. There are four elements to be mentioned. First the Cube, The Cube enables machine intelligence, all relevant machine data are collected, filtered and transmitted to the cloud platform. The Cube is an intelligent device, not only a transmitter or a gateway, as we can run apps and stream multimedia content and handle emergency calls. The second topic is the cloud platform. The cloud platform creates real time insights.


AI Investments Surge

#artificialintelligence

Investors flocked to artificial intelligence startups during the first three months of 2017, with quarterly venture funding again topping $500 million, according to a venture capital tracking report. PricewaterhouseCoopers and CB Insights reported more than 1,100 deals during the first quarter, with venture investments totaling $13.9 billion. Those totals represent a "slight recovery" from the fourth quarter of last year, with total investment dollars rising 15 percent on a quarterly basis. The market trackers said the first quarter results show that "investment continues at a moderated pace" after venture funding in areas like big data began to slow last year. CB Insights' CEO Anand Sanwal noted that the previous year "was irrationally exuberant and the 2016 pullback was a reaction to that. However, 2016 was more of a soft landing than a wholesale popping of the venture bubble [that] pundits have been predicting since 2009."


Machine learning data management startup SafeGraph raises $16M - SiliconANGLE

#artificialintelligence

San Francisco-based machine learning data management startup SafeGraph Inc. has raised a $16 million funding round led by IDG Ventures USA but including more than 100 high-profile individual investors. Among the investors in the unusual Series A round are Peter Thiel, Adam D'Angelo, Romesh Wadhwani, Eric Cantor, KT zu Guttenberg, Prince Turki Al Saud, Jack Dangermond, Barry Sternlicht, Pete Briger, Naval Ravikant and Nicolas Berggruen. Founded in 2016, SafeGraph builds and maintain data sets that can be used to accelerate machine learning and artificial intelligence. The company aims to help answer questions by providing access to a large dataset that predicts the past to figure out what to do in future. Its first product, a geospatial data platform, is intended to empower urban planners, retailers, academic researchers, marketers and investors with access to an accurate record for understanding human movement.


Google, Apple, Facebook, and Intel Battle for AI Supremacy

#artificialintelligence

I am sure by now, you have heard the phrase that has been thrown around quite a lot by mostly, venture capitalists: "Artificial Intelligence (AI) is the new mobile." The reason why this phrase has been echoed in the tech industry is to emphasize that AI is not a short-lived fad, rather a revolution like mobile. More importantly, they seem to be right as in the last five years, giant tech companies have been pouring money into this technology. In fact, over 200 private companies using AI algorithms across different verticals have been acquired since 2012, with over 30 acquisitions taking place in Q1'17 alone. The acquisitions of AI startups are getting feisty, too.