However, because food inflation was both sharp and sustained, these businesses found their customers willing to accept price increases–and, because inflation was widespread across the industry, those who acted swiftly experienced better performance. In fact, businesses that raised prices sooner rather than later found themselves in a more advantageous position than those who held back. Now that commodity prices have fallen and runaway inflation has started to subside, food, beverage, and agribusiness companies–even those that didn't raise prices–may have some breathing room on the horizon. The food industry is starting to see light at the end of the tunnel despite continued high labor costs and lingering pandemic-related operational disruptions. Food industry margins have been reinforced by a number of post-pandemic shifts that are adding flexibility to the value chain.

Reliance on multiple data points, from historic prices and trends to property ownership data, is nothing new. However, the data that we use to make our housing choices have become increasingly sophisticated. Quantarium's valuation models provide property valuations through a self-learning AI engine. Quantarium's advances in Computer Vision (CV) technology is allowing AVM to transcend historical constraints; understanding their journey and the impact of AI is critical to the future of real estate. Quantarium is a leading producer and purveyor of value-added data in residential real estate. Their data and analytics scientists and experts illustrated great innovation in their approach to building the industry's leading RE data lake, so it is a team-wide validation to receive this distinction.

TYSONS, Va.--(BUSINESS WIRE)--QOMPLX, a leader in cloud-native risk analytics, has entered into a definitive agreement to acquire RPC Tyche LLP ("Tyche"), a rapidly growing insurance software modeling and consulting firm based in London, Cambridge, Paris and Chicago. Tyche bolsters QOMPLX's insurance analytics offerings, and the combined business will offer more comprehensive insurance underwriting, pricing, risk modeling, capital modeling, and reserving functionality. It is an exceptional software business that combines innovative technology with actuarial expertise to help reduce the time and costs that insurers, reinsurers and intermediaries face in producing actionable data feeding today's commercial and regulatory decision-making. Tyche and QOMPLX's combined team are building the insurance data factory of the future with superior capabilities for data integration, transformation, analysis, and contextualization for corporations, employees, and consumers. Tyche's core modeling platform focuses on the complex challenges facing insurers: pricing risks, modeling and reserving capital, and improving efficiency.

Broadcom Limited AVGO recently announced the first-ever silicon-proven 7nm intellectual property (IP) targeting application-specific integrated circuit (ASIC) platform for deep learning and networking. Higher dollar content at the company's large North American smartphone customer's (Apple) next-gen platform (iPhone) is also a positive for the company. Robust industrial re-sales are also tailwinds. Notably, the company's recent acquisition of Brocade Communications Systems is expected to boost Broadcom's position in the storage area networking space. The latter has already turned down the recent takeover bid of $130-billion (includes $25 billion of net debt) on grounds of inadequacy as it is currently a leading player in the chipset market. However, the company is planning to raise the bid amount for Qualcomm, per Reuters.

In the twenty-first century, AI techniques have experienced a massive surge in interest following concurrent advances in computer power, large amounts of data, and theoretical understanding. Companies are focused on it, Google has rebuilt their software around it, and Mark Zuckerberg personally hires and pays AI engineers seven figure salaries right out of graduate school. AI is simply the hottest area in technology. But, what exactly is AI, and how can it impact your investments? These are the questions we will try to explore in this week's newsletter.

What is Jeff Bezos "Day 1" philosophy? "The outside world can push you into Day 2 if you won't or can't embrace powerful trends quickly. If you fight them, you're probably fighting the future. Embrace them and you have a tailwind"--Jeff Bezos A recent Security and Exchange Commission (SEC) filing, Amazon Exhibit 99.1 statement [1] is really quite interesting. Also known as the 2016 Letter to Shareholders, Jeff Bezos sketched out a philosophy that he calls "Day 1" and "Day 2". This idea came about in the very early days of Amazon. He occupied a building called "Day 1", named as a reminder that the company should always be in "Day 1" mode.