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House of Consultation signs a memorandum of understanding with the Innovation Center for Artificial Intelligence

Bait Al Mashura Financial Consultancy, represented by its technical arm “BM Fintech” and the Center for Innovation in Artificial Intelligence (CEAI) of | BLiTZ ....

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Empowered by digital economy, Western China (Chongqing) Science City gains fresh growth steam in industrial development

/PRNewswire/ The 2022 Smart China Expo is held in southwest China s Chongqing from August 22 to 24. Western China (Chongqing) Science City brought 112. ....

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China Tech Digest: Xiaomi Acquires Deepmotion For US$77.37 Million; Baidu's Jidu Auto Cooperates With Hesai Technology – China Money Network

Xiaomi acquires self-driving startup Deepmotion for US$77.37 million Xiaomi Inc. announced that it will acquire Deepmotion Tech Limited, a self-driving . Artificial Intelligence, Baidu, Beijing, CloudWalk, Huawei, logistics, Plum, Redpoint, Sequoia, Sequoia Capital China, shenzhen, singapore, startup, Xiaomi ....

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Aerovironment Inc (AVAV) Q3 2021 Earnings Call Transcript

Aerovironment Inc (AVAV) Q3 2021 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Aerovironment Inc (NASDAQ: AVAV)
Chief Marketing Officer, Vice President Investor Relations
Good afternoon, ladies and gentlemen and welcome to AeroVironment s Third Quarter Fiscal Year 2021 Earnings Call. This is Steven Gitlin, Chief Marketing Officer and Vice President of Investor Relations for AeroVironment. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session after management s remarks. As a reminder, this conference call is being recorded for replay purposes.
Before we begin, please note that on this call certain information presented contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation any statement that may predict, forecast, ....

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AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M

AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M
Our Bureau
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AeroVironment said it acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG) for $30 million earlier this week.
Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.
The ISG team will merge with AeroVironment’s MacCready Works Advanced Solutions team. The ISG facility in Virginia will now operate as AeroVironment’s new Artificial Intelligence Innovation Center. The ISG team will collaborate with teams across AeroVironment to integrate cutting-edge technologies into the company’s growing offering and solution roadmap. For example, new artificial intelligence and perceptive autonomy capabilities from ISG will enable AeroVironment’s unmanned systems to ide ....

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