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Global stocks mostly fall ahead of ECB, US inflation dataDonald Trump is returning to the world stage. So is his trolling
CHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Read this article for free: Already have an account? To continue reading, please subscribe: * CHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Read unlimited articles for free today: Already have an account? CHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Mahomes threw two touchdown passes to Noah Gray for the second straight week as the Kansas City Chiefs held off the Carolina Panthers 30-27 on Sunday. A week after losing at Buffalo, the two-time defending Super Bowl champion Chiefs (10-1) maintained their position atop the AFC. Mahomes completed a 35-yard touchdown strike to Gray on the game’s opening possession and found him again for an 11-yard TD in the second quarter. Gray has four touchdown catches in the last two weeks — twice as many as nine-time Pro Bowler Travis Kelce has all season — and has become a weapon in the passing game for the Chiefs, who lost top wide receiver Rashee Rice to a season-ending knee injury in Week 4. Kelce was still a factor Sunday with a team-high six catches for 62 yards, although the four-time All-Pro looked dejected after dropping one easy pass. Kelce has 62 receptions for 507 yards this season, while Gray has 26 catches for 249 yards. But Gray’s development is a good sign for the Chiefs — and he’s on the same page with Mahomes. On his second TD, Gray said Mahomes “gave me the answer to the test there” before the play. “He told me what coverage it was pre-snap,” said Gray, who had four receptions for 66 yards. “That’s just the blessing you have of playing with a quarterback like that. Offensive line did a great job blocking that up and the receivers did a great job running their routes to pop me open. Really just a group effort right there on that touchdown.” Gray said that’s nothing new. “Pat’s preparation, his leadership is just something that I’m fortunate enough to play alongside,” Gray said. “I love it. It gets me motivated every time we go out there for a long drive. Having a leader like that, that prepares every single week in-and out, knows defenses, knows the game plans. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “I’m just fortunate enough to play alongside a guy like that.” Mahomes completed 27 of 37 passes for 269 yards and three TDs, and he knew what to do on the second TD to Gray. “It’s not just me, it’s the quarterback coaches and the players, we go through certain checks you get to versus certain coverages,” Mahomes said. “I was able to see by the way they lined up they were getting into their cover-zero look. I alerted the guys to make sure they saw what I saw and I gave the check at the line of scrimmage.” ___ AP NFL: https://apnews.com/hub/nfl Advertisement Advertisement
Agora, Inc. Reports Third Quarter 2024 Financial ResultsDoctored images have been around for decades. The term "Photoshopped" is part of everyday language. But in recent years, it has seemingly been replaced by a new word: deepfake. It's almost everywhere online, but you likely won't find it in your dictionary at home. What exactly is a deepfake, and how does the technology work? RELATED STORY | Scripps News Reports: Sex, Lies, and Deepfakes A deepfake is an image or video that has been generated by artificial intelligence to look real. Most deepfakes use a type of AI called a "diffusion model." In a nutshell, a diffusion model creates content by stripping away noise. "With diffusion models, they found a very clever way of taking an image and then constructing that procedure to go from here to there," said Lucas Hansen said. He and Siddharth Hiregowdara are cofounders of CivAI, a nonprofit educating the public on the potential — and dangers — of AI. How diffusion models work It can get complicated, so imagine the AI – or diffusion model – as a detective trying to catch a suspect. Like a detective, it relies on its experience and training. It recalls a previous case -– a sneaky cat on the run. Every day it added more and more disguises. On Monday, no disguise. Tuesday, it put on a little wig. Wednesday, it added some jewelry. By Sunday, it's unrecognizable and wearing a cheeseburger mask. The detective learned these changes can tell you what it wore and on what day. AI diffusion models do something similar with noise, learning what something looks like at each step. "The job of the diffusion model is to remove noise," Hiregowdara said. "You would give the model this picture, and then it will give you a slightly de-noised version of this picture." RELATED STORY | Scripps News got deepfaked to see how AI could impact elections When it's time to solve the case and generate a suspect, we give it a clue: the prompts we give when we create an AI-generated image. "We have been given the hint that this is supposed to look like a cat. So what catlike things can we see in here? Okay, we see this curve, maybe that's an ear," Hiregowdara said. The "detective" works backward, recalling its training. It sees a noisy image. Thanks to the clue, it is looking for a suspect — a cat. It subtracts disguises (noise) until it finds the new suspect. Case closed. Now imagine the "detective" living and solving crimes for years and years. It learns and studies everything — landscapes, objects, animals, people, anything at all. So when it needs to generate a suspect or an image, it remembers its training and creates an image. Deepfakes and faceswaps Many deepfake images and videos employ some type of face swapping technology. You've probably experienced this kind of technology already — faceswapping filters like on Snapchat, Instagram or Tiktok use technology similar to diffusion models, recognizing faces and replacing things in real time. "It will find the face in the image and then cut that out kind of, then take the face and convert it to its internal representation," Hansen said. The results are refined then repeated frame by frame. The future and becoming our own detectives As deepfakes become more and more realistic and tougher to detect, understanding how the technology works at a basic level can help us prepare for any dangers or misuse. Deepfakes have already been used to spread election disinformation, create fake explicit images of a teenager, even frame a principal with AI-created racist audio. "All the netizens on social media also have a role to play," Siwei Lyu said. Lyu is a SUNY Empire Innovation Professor at the University of Buffalo's Department of Computer Science and Engineering, and the director of the Media Forensics Lab. His team has created a tool to help spot deepfakes called "DeepFake-o-meter." "We do not know how to handle, how to deal, with these kinds of problems. It's very new. And also requires technical knowledge to understand some of the subtleties there," Lyu said. "The media, the government, can play a very active role to improve user awareness and education. Especially for vulnerable groups like seniors, the kids, who will start to understand the social media world and start to become exposed to AI technologies. They can easily fall for AI magic or start using AI without knowing the limits." RELATED STORY | AI voice cloning: How programs are learning to pick up on pitch and tone Both Lyu and CivAI believe in exposure and education to help combat any potential misuse of deepfake technology. "Our overall goal is that we think AI is going t impact pretty much everyone in a lot of different ways," Hansen said. "And we think that everyone should be aware of the ways that it's going to change them because it's going to impact everyone." "More than just general education — just knowing the facts and having heard what's going to happen," he added. "We want to give people a really intuitive experience of what's going on." Hansen goes on to explain CivAI's role in educating the public. "We try and make all of our demonstrations personalized as much as possible. What we're working on is making it so people can see it themselves. So they know it's real, and they feel that it's real," Hansen said. "And they can have a deep gut level feel for tthe impact that it's going to have." "A big part of the solution is essentially just going to be education and sort of cultural changes," he added. "A lot of this synthetic content is sort of like a new virus that is attacking society right now, and people need to become immune to it in some ways. They need to be more suspicious about what's real and what's not, and I think that will help a lot as well."
sakkmesterke uniQure N.V. ( NASDAQ: QURE ) is a Netherlands-based company that develops and manufactures gene therapies for rare diseases. AMT-130 is a gene therapy aimed at slowing the progression of Huntington's disease [HD]. AMT-130 “consists of an AAV5 Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This article is intended to provide informational content and should not be viewed as an exhaustive analysis of the featured company. It should not be interpreted as personalized investment advice with regard to "Buy/Sell/Hold/Short/Long" recommendations. The predictions and opinions presented are based on the author's analysis and reflect a probabilistic approach, not absolute certainty. Efforts have been made to ensure the information's accuracy, but inadvertent errors may occur. Readers are advised to independently verify the information and conduct their own research. Investing in stocks involves inherent volatility, risk, and speculative elements. Before making any investment decisions, it is crucial for readers to conduct thorough research and assess their financial circumstances. The author is not liable for any financial losses incurred as a result of using or relying on the content of this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.NoneHow deepfake technology works
MONTREAL — Second Cup Canada is cutting ties with a franchisee operating at Montreal’s Jewish General Hospital who was allegedly filmed making hateful and antisemitic comments during a protest in the city last week. Second Cup Canada announced Saturday it was cutting ties with a franchisee for “making hateful remarks and gestures,” and adding in a statement the actions breach the franchise agreement as well as inclusion and community values held by the chain. Peter Mammas, CEO of Montreal-based Foodtastic, which owns Second Cup Canada, said in an interview on Sunday that he was at the movies when his phone started pinging non-stop. He saw the videos and the company’s operations staff spoke to employees that knew the woman, and they confirmed it was indeed the franchisee. Video shot during a pro-Palestinian demonstration outside of Concordia University’s downtown Montreal campus Thursday shows a woman walking around, masked, saying the “final solution is coming your way” — wording used to describe a Nazi plan to eliminate Jews in Europe during the Second World War. Another video also shows what appears to be the same woman, unmasked, making a Nazi salute while walking away. “We’re all for free speech and respectful conversations, but this wasn’t that,” Mammas said. “This was hate speech, and it was something that we thought could incite violence and we’re completely against that, so we sat down with our team and decided to revoke the franchise agreement.” Attempts to reach the franchisee were unsuccessful on Sunday. “Second Cup has zero tolerance for hate speech,” the coffee chain said in a statement on X. “In co-ordination with the hospital, we’ve shut down the franchisee’s café and are terminating their franchise agreement.” Mammas said lawyers for the franchisee and Second Cup were expected to meet on Monday. The regional health agency serving West-Central Montreal, which includes the Jewish General Hospital, said it was made aware of the video “containing antisemitic and hateful messaging.” The video is related to a franchisee of Second Cup, one of the private tenants operating within the (Jewish General), Carl Thériault, a spokesman, said in a statement on Sunday. “We fully support Second Cup’s decision to take swift and decisive action in this matter by shutting down the franchisee’s cafés and terminating their lease agreement.” The hospital has two locations operated by the same franchisee and both were shuttered on Saturday by the owners of the chain. The health agency “is committed to fostering a culture of inclusion and stands firmly against antisemitism and any other form of discrimination or hate speech,” Thériault said. “We have franchisees who are Muslim, we have franchisees who are Jewish, we have franchisees that are Greek, French, we have employees from all different nations,” Mammas said. “So we definitely have no issue with that and we don’t take any political side, but ... hate speech ... you know we can’t accept that.” This report by The Canadian Press was first published Nov. 24, 2024. Sidhartha Banerjee, The Canadian Presslive Updated 1m ago Playoff hopes on the line? Army and Notre Dame will face off tonight in Yankee Stadium in a huge game in the College Football Playoff chase. Kickoff: 7 p.m. Where to watch: NBC. Streaming: Try Fubo for free. Latest odds: Notre Dame, -15.5 . Subscribe to The Athletic on an exclusive offer here . Watch today’s game on Fubo and find the best ticket deals on StubHub . How the Irish stayed on schedule SOUTH BEND, Ind. — Twelve thoughts on Notre Dame’s 35-14 win over Virginia, which keeps the Irish on schedule for a one-loss season and a spot in the College Football Playoff. Continue reading here. GO FURTHER Final thoughts on Notre Dame’s win vs Virginia: Irish stay on track for CFP, hat tip to Jack Kiser
NoneHamas' Al-Qassam 'Bombards' IDF's Re'im Military Base With Rajum Missiles | Massive Gaza Escalation Recommended Playlist Houthis' Palestine-2 Ballistic Missile Slams Into IDF's Nahal Sorek Base In Tel Aviv | Watch Hezbollah 'Hits' Third Israeli Military Base; 'Number Of Soldiers Killed, Wounded' | Watch Ballistic Missile Fired At IDF Nevatim Airbase; Yemen Fighters Claim Big Attack, Israel Responds Hezbollah Releases Footage Of Fadi-6 Missile Attack On Oldest Israeli Airbase Near Tel Aviv Ashkelon & Jaffa Under Houthi Attack: Drones From Yemen Cross Into Israeli Airspace IDF Soldier Killed In Hezbollah Attack; Lebanese Group Claims Strike On IDF Intel Base Near Tel Aviv Israeli Naval & Military Bases 'Bombed'; Air Defenses 'Breached' | Hezbollah Boasts Of 'Direct Hit' Iraqi Aircraft Bombards 'Strategic' Israeli Targets In Southern Eilat; IDF Confirms Launch, Says... Big Hamas Attack On IDF Platoon 'Hiding' In Beit Lahia | Gaza War Latest Hezbollah 'Bombs' Israeli Defence Ministry In Tel Aviv; 2 IDF Bases 'Accurately Hit' | Watch Top Viral Videos Shocking! Lawyer rams Mercedes car into Kachori shop in Delhi, Six injured In a shocking incident, six people were injured after a lawyer rammed his speeding Mercedes car into a Kachori shop in the national capital. The incident took place at Fateh Kachori in Civil Lines area. The police have taken the lawyer into custody and seized his car. The lawyer has been identified as Parag Maini who is a resident of Noida’s Sector 79. The police have registered a case against the lawyer under Section 279 (rash driving) and 337 (causing hurt by endangering life). Telangana cop punched, dragged by villagers, video goes viral On Cam: Crane drags car with senior citizens sitting inside, case registered | video goes viral Instagram influencer shot dead by husband in Rajasthan's Phalodi CCTV: Thieves arrive in car, decamp with jewellery in MP's Damoh Goons hurl abuses at toll plaza employee in MP's Chhatarpur Two goons hurled abuses at a toll plaza employee in Madhya Pradesh’s Chhatarpur. One of the assailants is reportedly the brother of an MLA. The incident was filmed by an employee of ol plaza which has gone viral on social media. The goons were upset after they had to wait in the queue. Viral: Cobra blocks road in MP's Chhatarpur district Nigeria: Lion kills zookeeper at Obafemi Awolowo University CCTV: Biker crushed to death by speeding bus in Madhya Pradesh's Ujjain district Four women steal tray full of earrings from a jewellery shop in MP's Raisen Shirtless British man punches air steward after destroying aircraft toilet, arrested A shirtless British man punched an air steward after destroying the aircraft toilet. The man was arrested. The man went berserk soon after the flight took off . He went up to smash the plane’s toilet. The incident took place on February 7 when the flight took off from Bangkok to London. A video of the incident went viral on social media. On cam: Several injured after swarm of bees attacks guests during wedding ceremony in MP's Guna On cam: Man hurls abuses at government school teacher in MP's Chhatarpur district On cam: Man thrashes youth with stick in MP's Ujjain Doctor loses cool, misbehaves with home guard in MP's Chhatarpur On cam: Goons thrash Dalit youth in MP's Betul A Dalit youth was thrashed in Madhya Pradesh’s Betul. The man was brutally thrashed and forced to squat while holding his ears. A video of the incident has gone viral on social media. Congress leader Jitu Patwari highlighted the plight of the Dalit man. The police have launched a probe into the matter. On cam: Govt employee consumes alcohol at work place in MP's Singrauli On cam: Goons thrash liquor shop employee in MP's Gwalior CCTV: Man thrashed, abducted in Madhya Pradesh's Betul district Fight breaks out between CHC employee and patient in UP's Barabanki Short Videos BJP Orchestrated Attack On Kejriwal During ‘Padyatra’ Campaign: Delhi CM Atishi Your Autistic Child Can Also Make A Difference Your Autistic Child Can Also Make A Difference Kejriwal Questions RSS Over BJP’s 'Dirty' Tactics Against Opposition | Watch Atishi's 1st Statement After Being Picked As Delhi CM; 'Kejriwal Made Biggest Sacrifice' Kejriwal To Give Up CM Residence; AAP's Sanjay Singh Issues Big Warning... Haryana Polls: Vinesh Phogat & Bajrang Punia Join Congress; Sakshi Malik next? Putin's Big Pledge For Russian Speakers In Ukraine; 'Will Fight For...' Ukraine’s Kursk Incursion Has Failed To Achieve Objectives, Declares Putin Putin Says Russia Will Support Kamala Harris In U.S. Elections Related Articles Fears for Gaza hospitals as fuel, other aid run low Will Justin Trudeau arrest Benjamin Netanyahu after ICC warrant? ICC issues arrest warrants for Netanyahu, Gallant & Hamas member 'There is no equivalence': Joe Biden calls ICC warrant for Israeli PM Netanyahu 'outrageous' Netanyahu ICC arrest warrant: What are the charges against him? Where can he be arrested? ‘Anti-semitic’: Netanyahu responds to ICC arrest warrant for alleged Gaza war crimes 'War crimes': ICC issues arrest warrants for Netanyahu, Gallant; Israeli PM rejects ruling with 'disgust' Netanyahu offers $5million for each hostage freed in GazaAP Trending SummaryBrief at 9:28 a.m. EST
NoneAnti-NATO protesters gathered again in Montreal on Saturday to demand Canada withdraw from the alliance, a day after a demonstration organized by different groups resulted in arrests, burned cars and shattered windows. Politicians in the prime minister's cabinet, opposition parties as well as Quebec leaders have called the violence during Friday's anti-NATO demonstration acts of antisemitism, but protesters deny the claim, saying they demonstrated against the "complicity" of NATO member countries in a war that has killed thousands of Palestinians. Police spokesperson Veronique Dubuc said three people were arrested following a demonstration that began late afternoon Friday.She said police arrested a 22-year-old woman for obstructing police work and assaulting a police officer, as well as two men, 22 and 28, both for obstructing police work. All three were released and will appear in court at a later date. Police said that during the march, smoke bombs were deployed, metal barriers were thrown into the street and windows of businesses and at the convention centre where NATO delegates have been meeting were smashed. Friday's protest was organized by the groups Divest for Palestine and the Convergence of Anti-Capitalist Struggles. Benoit Allard, a member of Divest for Palestine, said he and several other protesters were injured by police and at least four protesters had to go to hospital. He said the purpose of the protest was to demonstrate against what he called NATO's "complicity with Israel's military while it's conducting its genocide in Gaza, war crimes in Lebanon, Syria" and that "it's enforcing illegal occupation of Palestinian territories." On Saturday afternoon Prime Minister Justin Trudeau called Friday's scenes "appalling." "Acts of antisemitism, intimidation, and violence must be condemned wherever we see them," he said on X. "There must be consequences, and rioters held accountable." Conservative Leader Pierre Poilievre on X accused the prime minister of being "too busy to condemn a violent Hamas takeover of our streets." He then followed up with a lengthy statement saying Trudeau has transformed Canada into "a playground for foreign interference." Speaking to reporters at the Halifax International Security Forum on Saturday morning, Foreign Affairs Minister Melanie Joly and Defence Minister Bill Blair said the actions of the protesters were unacceptable. "What we saw was not peaceful protest. What we saw was actually violence, hate and antisemitism, and this has no place on our streets," Joly said. "Those behaviours are unacceptable and we can condemn them, and in particular the hatred and antisemitism that was on display, in the strongest possible terms," said Blair. Quebec Premier Francois Legault also described the scenes as antisemitic. "Burning cars and smashing windows is not about sending a message, it's about causing chaos. Such acts have no place in a peaceful society like Quebec," he wrote. However, Allard rejected accusations of antisemitism. He said the protests were against the actions of the state of Israel and not Jewish people, adding that earlier this week the International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. On Thursday, the court said in a news release that there were reasonable grounds to believe Netanyahu committed "the war crime of starvation as a method of warfare; and the crimes against humanity of murder, persecution, and other inhumane acts." About 80 people attended Saturday's anti-NATO protest in downtown Montreal organized by Le Mouvement Quebecois pour la Paix, holding signs that read "Canada out of NATO" and chanting "solidarity with Palestine." Several in attendance held Communist Party of Canada flags while others held Palestinian flags. Jad Kabbanji, president of Le Mouvement Quebecois pour la Paix, said Canada should refuse to meet NATO military spending targets. He also said that despite calling itself a defensive alliance, NATO has destabilized multiple regions across the globe and created military conflicts, notably in the Middle East and eastern Europe. Kabbanji said Israel's military campaign in Gaza would not be possible without the arms provided by NATO members like the United States, and that a policy of increasingly accepting countries that were formerly part of the Soviet Union "pushed Russia to invade Ukraine." Greg Beaune, the groups vice-president, said the group condemns Russia's invasion of Ukraine but added NATO has helped provoke conflict in the region. Group member Rana El Gharbie said she does not support violent protest but added that Canadians are becoming increasingly frustrated by Canada's support for Israel and "lack of action" in protecting Palestinians. Delegates from NATO member states and partner countries are in Montreal this weekend to discuss issues including support for Ukraine, climate change and the future of the alliance. With files from Sammy Hudes in Toronto. This report by The Canadian Press was first published Nov. 23, 2024.
Quarterly net revenues were RMB539.4 million (US$76.9 million) 1 Quarterly lidar shipments were 134,208 units SHANGHAI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended September 30, 2024. Operational Highlights Management Remarks “We are thrilled to share that our business continues to thrive and advance on a strong growth path,” said Yifan “David” Li, Hesai’s Co-Founder and CEO. “This quarter, we have made significant strides in the ADAS market, securing new design wins, partnerships, and development programs with key players, including a Top 3 OEM in Japan, SAIC Volkswagen, Leapmotor, and a premium EV brand backed by a leading Chinese automotive group. We also have reached a key milestone in our global expansion by successfully delivering B-sample units for our worldwide shipping programs with a leading global automotive OEM. OEMs at home and abroad have widely recognized lidar's essential safety features as a critical component in their holistic safety systems, similar to an ‘active’ seat belt or airbag. Furthermore, lidar’s versatility, with applications in emerging areas such as industrial robotics, smart factories and logistics, continues to garner attention. Our latest flagship product, OT128, a 360° mechanical, automotive-grade long-range lidar, is designed for scalable deployment in robotaxi and industrial applications. We are actively exploring new use cases and engaging with customers across both ADAS and AM sectors, leveraging our full lineup of versatile lidars. “I am also delighted to announce that Andrew Fan has joined us as our Chief Financial Officer. Andrew brings a wealth of experience in financial strategy and corporate finance, as well as an impressive track record of driving growth and operational efficiency in dynamic industries. His insights and leadership will be invaluable as we navigate the evolving landscape and continue to strengthen our position in the global lidar industry,” Dr. Li continued. “Andrew's strategic vision aligns seamlessly with our goals, and I believe his commitment to innovation and financial rigor will help us unlock new levels of success. I am confident that with his expertise and dedication, we are well-positioned for another exciting chapter of growth and accomplishment.” Mr. Andrew Fan, Hesai’s CFO, added, “Our strong third quarter financial performance was highlighted by robust operational execution across all key metrics. Quarterly shipment volume reached 134,208 units, marking our second consecutive quarter of nearly 50% sequential growth and propelling net revenues to RMB539.4 million (US$76.9 million), surpassing the upper range of our guidance. We maintained a robust blended gross margin of 47.7%, driven by effective cost management and our flywheel approach to cost and scale optimization. The margin was further bolstered by NRE revenues from our L4 lidar, which is being prepared for potential large-scale deployment by a leading global robotaxi player in the coming years. Our strong commitment to operational efficiency and financial discipline has also enabled us to consistently reduce our GAAP net loss for four consecutive quarters. Looking ahead, we’re expecting a record-breaking fourth quarter, with lidar shipments projected to reach 200,000 units—an astounding volume nearly matching our total shipments in 2023. Based on our current estimates, fourth quarter net revenues are expected to soar to nearly US$100 million, delivering an estimated net profit of US$20 million and a positive operating cash flow. Additionally, we anticipate achieving full-year profitability on a non-GAAP basis for 2024, positioning us to become the first automotive lidar company worldwide to achieve this remarkable milestone. This anticipated explosive growth underscores our robust momentum as we drive toward a landmark fiscal year finish!” Financial Highlights for the Third Quarter of 2024 (in RMB millions, except for per ordinary share data and percentage) Business Outlook For the fourth quarter of 2024, the Company expects net revenues to approach US$100 million (RMB702 million). The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions and customer demand, which are all subject to change. Conference Call The Company’s management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call. Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://investor.hesaitech.com . A replay of the conference call will be accessible approximately an hour after the conclusion of the call until December 3, 2024, by dialing the following telephone numbers: About Hesai Hesai is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. The Company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023. Use of Non-GAAP Financial Measures To supplement Hesai's consolidated financial results presented in accordance with GAAP, Hesai uses the following measures defined as non-GAAP financial measures by the SEC: loss from operation excluding share-based compensation expenses, net loss excluding share-based compensation expenses, net loss attributable to ordinary shareholders excluding share-based compensation, and per ordinary share net loss attributable to ordinary shareholders excluding share-based compensation. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this release. Hesai believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. Hesai believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Hesai's historical performance and liquidity. Hesai believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that they exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP financial measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.0176 to US$1.00, the exchange rate on September 30, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; expected changes in the Company’s revenues, costs or expenditures; the trends in, expected growth and the market size of the ADAS, autonomous mobility and robotics industries; the market for and adoption of lidar and related technology; the Company’s ability to produce high-quality products with wide market acceptance; the success of the Company’s customers in developing and commercializing products using its solutions, and the market acceptance of those products; the Company’s ability to introduce new products that meet its customers’ requirement; the Company’s expectations regarding the effectiveness of its marketing initiatives and the relationship with its third-party partners; competition in the Company’s industry; the Company’s ability to recruit and retain qualified personnel; relevant government policies and regulations relating to the Company’s industry; the Company’s ability to protect its systems and infrastructures from cyber-attacks; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China: Hesai Group Yuanting “YT” Shi, Investor Relations Director Email: ir@hesaitech.com Piacente Financial Communications Jenny Cai Tel: +86 (10) 6508-0677 Email: hesai@tpg-ir.com In the United States: Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: hesai@tpg-ir.com Source: Hesai Group _______________________________________ 1 All translations from RMB to USD for the third quarter of 2024 were made at the exchange rate of RMB7.0176 to US$1.00, the exchange rate on September 30, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. 2 See “Use of Non-GAAP Financial Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” included in this release for further details.Here's what to know about the new funding deal that countries agreed to at UN climate talksGlobal stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval. After winning numerous records in the weeks since the November 5 US presidential election, US stocks fell for the second straight day as analysts pointed to profit-taking. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.
eBay Inc. (NASDAQ:EBAY) Shares Sold by Commerce Bank
Roblox chief product officer Manuel Bronstein sells $2.35 million in stockComcast, the parent company of NBC and its affiliated properties, recently announced plans to spin off its cable television networks, including CNBC and MSNBC, into a new company. Following this news, Elon Musk, owner of X, shared a meme online fueling speculation he might purchase MSNBC if it becomes available. A video of Rachel Maddow, one of MSNBC’s leading personalities, went viral on social media , appearing to show her reaction to Musk’s memes about buying MSNBC. The clip appears to show Maddow on air during a breaking news segment with a banner on screen reading: “BREAKING NEWS ELON MUSK POSTS DANGEROUS MEME.” Maddow becomes visibly upset, then requests a graphic to be displayed and the screen cuts to an explicit meme about Musk's buying MSNBC. The video has been viewed hundreds of thousands of times. Google Trends data shows a spike in searches for terms including “Elon Musk meme,” “Rachel Maddow crying,” and “Rachel Maddow Elon Musk.” People in the comments on the video expressed surprise that Maddow would act like that on air. THE QUESTION Is the video of an emotional Rachel Maddow during a news segment about speculation that Elon Musk could MSNBC real? THE SOURCES Video of Maddow’s show on June 19, 2018 MSNBC network spokesperson VERIFY analysis of the video Rachel Maddow social media post from June 19, 2018 Review of recent episodes from “The Rachel Maddow Show” InVid and RevEye , video and photo forensics tools THE ANSWER No, the video is not real. It was created using a real video of Maddow from 2018 and was edited to include fake onscreen graphics and a meme about Musk. WHAT WE FOUND The viral video appearing to show Maddow upset on air in response to social media posts depicting the potential sale of MSNBC to Elon Musk is fake. It was created using a real clip from “The Rachel Maddow Show’s” June 19, 2018 episode that was then edited to include graphics and images to make it appear like she is reacting to a story about Musk. An MSNBC network spokesperson told VERIFY the video “has been manipulated and is fake.” Using InVid, a video forensics tool, VERIFY analyzed the video and conducted a reverse image search, which led us to clips of Maddow’s original 2018 news segment about immigration policy. When comparing the edited video with the original clip from 2018, it was clear Maddow was making the same gestures, wearing the same outfit and the background is identical. A thumbnail promoting MSNBC’s live coverage from the southern border also appears in the bottom corner of both versions. In the original segment, Maddow got emotional while reading an Associated Press report about children separated at the southern border and placed in “tender age” shelters. After her show aired, Maddow apologized on social media for becoming emotional during the broadcast. There have been no verified reports that Musk is considering purchasing MSNBC or that the network would be sold as part of Comcast’s restructuring. Other posts from Musk included retweets of articles from satirical websites. None of Maddow’s recent broadcasts contain this fake news segment. Related Articles No evidence that Elon Musk’s Starlink technology was used to interfere with the election No, the Department of Government Efficiency is not a new government agency No, Taylor Swift didn’t cancel the Eras Tour in red states The VERIFY team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our daily newsletter , text alerts and our YouTube channel . You can also follow us on Snapchat , Instagram , Facebook and TikTok . Learn More » Follow Us YouTube Snapchat Instagram Facebook TikTok Want something VERIFIED? Text: 202-410-8808
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