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Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

The Guardian

Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector. The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reported a profit for the first time since its launch, taking in $191m. Shares were up nearly 3% in after-hours trading, as investors were heartened by Alphabet's announcement of a $70bn stock buyback. In a statement accompanying the report, the company's chief executive, Sundar Pichai, acknowledged the growing momentum of its cloud services and Alphabet is continuing to invest in search capabilities, including in the use of artificial intelligence. "We introduced important product updates anchored in deep computer science and AI," he said.


Perficient to Showcase Cash Flow Automation Expertise at OneStream Splash

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Perficient, the leading global digital consultancy transforming the world's largest enterprises and biggest brands, announced it will demonstrate its corporate performance management (CPM) and cash flow automation expertise at OneStream Splash taking place from April 17-20 at the Gaylord National Harbor Resort & Convention Center in Washington, D.C. "Digital transformation is pushing the boundaries of what's possible with finance, and Perficient's OneStream expertise can accelerate that digital change" Businesses using disparate systems for their financial close, planning, and reporting processes need to adopt automated and integrated systems or risk falling behind. Perficient helps businesses transform and modernize their CPM processes in the cloud by leveraging the power of the OneStream platform. Building a cash flow model in OneStream consolidates these processes in a single application, allowing businesses to become forward-looking and data-driven while increasing profitability and efficiency. "Digital transformation is pushing the boundaries of what's possible with finance, and Perficient's OneStream expertise can accelerate that digital change," said Joe Klewicki, general manager of CPM, Perficient. "Our approach to finance modernization combines strategy, data, technology, and design to deliver actionable insights that drive businesses forward. We are excited to return to Splash and demonstrate where we have implemented the OneStream platform."


TESSCO Enters Into Definitive Merger Agreement

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TESSCO, announced that the Company has entered into a definitive merger agreement with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation, a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (GetWireless), a value-added distributor of cellular solutions that connect the Internet of Things (IoT). Under the terms of the merger agreement, all outstanding shares of Company common stock will be acquired for $9.00 in cash, resulting in a Company enterprise value of approximately $161.4 million. The merger, which has been unanimously approved by Tessco's board of directors, reflects a premium of approximately 91% to the closing price of the last trading day prior to the date of this announcement and a premium of approximately 97% to Tessco's 30-day volume-weighted average stock price as of April 11, 2023. The merger is expected to close in the third calendar quarter of 2023, subject to the approval of Tessco's shareholders and the satisfaction of customary closing conditions. Following the closing of the transaction, Tessco will maintain its facilities in Hunt Valley and Timonium, Maryland and in Reno, Nevada, as well as broaden its facility footprint, product offering, and value-added capabilities by partnering with Alliance and GetWireless to create a leading value-added telecommunications distributor in North America. AceChatThe World's First Video Based AI Study Bot for STEM "This deal is a win for Tessco shareholders and our customers," said Sandip Mukerjee, Tessco's President and Chief Executive Officer.


Top 5 Pure Play AI Stocks – WStNN.com WallStreetNewsNetwork Stockerblog WSNN

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You've seen it on TV, you've read about it on news websites. Artificial Intelligence, commonly referred to as AI, is now the hottest industry. Stocks that are involved in this industry are taking off. I originally wrote about a form of artificial intelligence back in October of 2021 in an article called The Future of Artificial Intelligence: Can You Invest In It Now? So you may be wondering what companies are the purest plays.


Wetrade Group Inc. Announces Entry of Securities Purchase Agreements

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WeTrade Group a global diversified "software as a service" ("SaaS") technology service provider committed to providing technical support and digital transformation tools for enterprises across multiple industries, announced that it has entered into those certain securities purchase agreements with certain accredited investors for the sale and issuance of a new series of senior secured convertible notes in the original principal amount of $18,333,333.33 The net proceeds, after original issue discount will total $16.5 million. The transaction has not been closed as of the date hereof. Provided no Event of Default (as defined in the Notes) has occurred, the Notes will accrue interest at an interest rate of 5% per annum, and the Company will be required to pay installment amounts, or at its option redeem such amounts under the Notes each month commencing on the last trading day of the calendar month in which the control account trigger date occurs, and thereafter, the last trading day of each calendar month until the maturity date of eighteen months from issuance, at which time all outstanding amounts remaining, if any, will be due and payable in full. At the Company's option, each redemption payment can be made in cash or stock at a discount to the then-current closing bid price at the time of the redemption.


Social Future Raised $6M to Build AI-Driven Virtual Social Platform

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HONG KONG--(BUSINESS WIRE)--Social Future, an AI-driven social metaverse company, is excited to announce that it has successfully raised $6 million in funding. Founded by technologists, artists, and game builders, SocialFuture is backed by top crypto investors including SNZ, Everest Venture Group, Folius Ventures, Y2Z Ventures, Mask Network, Tess Ventures, Stratified Capital, Mindfulness Capital and strategic funds backed by public companies. Social Future is also a member of OMA3 (Open Metaverse Alliance), and partners with well-known metaverse companies such as Animoca Brands, Decentraland, and Metajuice. Social Future aims to create the future of social experience with phygital interaction, immersive content, and self-sovereign communities. Social Future's product, MAY ("Meet Another You"), enables immersive social experiences via personalized avatars.


Huge Win: CVNA Stock Prediction Making 99.46% Return On Investment

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The Carvana Co. (CVNA) stock has emerged as a beacon of prosperity in the volatile world of equities, especially in the e-commerce domain. The impressive success of our AI-based stock forecast on Dec 28th, 2022, touting CVNA as a strong buy, reaped a tremendous 99.46% profit for our discerning subscribers. The timely forecast echoed the sustained positive sentiment surrounding the stock that was punctuated by a series of recommendations across diverse time frames. CVNA has been a strong performer since its inception on the public market in 2017, driven by its innovative business model and formidable financials. Headquartered in Phoenix, Arizona, CVNA operates in over 150 markets across the United States, providing customers with the ability to purchase cars online, including delivery to their doorstep or a Carvana vending machine.


Levi's AI partnership: diversity or greenwashing?

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The famous clothing brand Levi Strauss & Co. has announced a partnership with digital fashion studio Lalaland.ai. As a result of the partnership, the brand will benefit from artificial intelligence-generated models.


SEE. OPEN. BUY.

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EZEEBUY Experiences is an AI as a Service (AIaaS) cloud computing platform hosting innovative retail shopping services powered by artificial intelligence and predictive analytics for actionable retail shopping insights to accelerate high revenue growth made frictionless, enabling brick-and-mortar retailers worldwide to significantly increase revenue and maximize profits and cash flow by promoting innovative retail shopping experiences made frictionless with the innovative EZEEBUY shopping app. Innovative retail shopping experiences made frictionless inspire shoppers inside retail stores to buy more products impulsively and more often by simply taking pictures of desired products and then pressing the AI-optimized BUY NOW button in the innovative EZEEBUY shopping app for immediate purchases without the frustration of waiting in long checkout lanes to pay for their products. Licensed lending partners provide payment options through EZEEBUY Experiences LLC. Your rate will be 0–30% APR based on credit and is subject to an eligibility check. Options depend on your purchase amount, and down payment may be required.


Sensore And Gold Road Restructure YEV Joint-Venture - Investing News Australia

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SensOre Ltd (ASX:S3N) is pleased to announce that SensOre and Gold Road (ASX: GOR) have reached agreement to restructure arrangements surrounding the Yilgarn Exploration Ventures (YEV) portfolio. SensOre has agreed to acquire Gold Road Resources' 40% minority interest in YEV for 800,000 SensOre shares. Yilgarn Exploration Ventures holds a portfolio of prospective gold assets in the Eastern Goldfields of Western Australia. SensOre aims to become the top performing minerals targeting company in the world through the deployment of AI and machine learning (ML) technologies, specifically its Discriminant Predictive Targeting (DPT) workflow. SensOre collects all available geological information in a terrane and places it in a multidimensional hypercube or data cube.