Search results for "CB"
04:53

Daiwa: Chow Tai Fook's issuance of CB can drop financing costs, maintains "Buy" rating.

Golden Ten Data on June 18, Daiwa published a research report pointing out that Chow Tai Fook (01929. HK) announced the issuance of convertible bonds (CBs) to raise approximately HK$8.8 billion, with a share repurchase adjusted net equity dilution rate of 3.7% and a coupon rate as low as 0.375%, which is 100 to 200 basis points lower than the Group's existing financing costs, which can effectively reduce its financing costs. The management also mentioned that all the proceeds will be used for the development of the main jewellery business, and promised to maintain a dividend distribution policy of 70% to 80%. Daiwa believes that although Chow Tai Fook has strong free cash flow and does not need to issue bonds, seizing the low-interest long-term financing window this time will help promote its business transformation, and the conversion period is set at three years, and the share buyback and interest savings will drive earnings per share growth in the short term, so it maintains its "buy" rating.
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13:53

Mira Network has been selected for CB Insights' "2025 AI 100 list"

Odaily News AI infrastructure Mira Network announced its selection in CB Insights' "2025 AI 100 List" on the X platform. Mira primarily aims to provide developers with tools to help users build more reliable AI-driven applications through a Decentralization verification mechanism.
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13:53

Mira Network selected for CB Insights "2025 AI 100 List"

Odaily News AI infrastructure Mira Network announced on the X platform that it has been selected for the CB Insights "2025 AI 100 List." Mira primarily provides developers with tools to help users build more reliable AI-driven applications through a Decentralization verification mechanism.
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09:05

Data: In the second quarter, the total investment in the global AI field fell by 38%

Although the big model in the past 9 months has triggered a new round of AI boom in the world, many technology giants are racing to generate AI technology. However, in frontier technology fields with long cycles, such as the research and development of new AI drugs, it is difficult for companies to make quick profits in the short term. Coupled with poor performance in the secondary market, investment enthusiasm has gradually cooled down, and major technology companies have reduced pure AI technology research. CB Insights data shows that in the second quarter of this year, the total investment in the global AI field plummeted by 38% from the previous quarter. Qu Jiarun, vice president of Biotec, said that now is no longer the era of "burning" investors' money and then going public for five years. Comprehensive capabilities such as resources, technology, data algorithms, and commercial implementation are becoming important factors for the long-term development of AI companies. . "Now we have actually reached the first inflection point of Gartner's emerging technology development curve, and bottoming out requires the opportunities and capabilities of enterprises."
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12:52
According to a report from Titanium Media on September 5, although large models have sparked a new round of global AI boom in the past 9 months, many technology giants are racing to generate AI technology. However, in frontier technology fields with long cycles, such as the research and development of new AI drugs, it is difficult for companies to make quick profits in the short term. Coupled with poor performance in the secondary market, investment enthusiasm has gradually cooled down, and major technology companies have reduced pure AI technology research. CB Insights data shows that in the second quarter of this year, the total investment in the global AI field plummeted by 38% from the previous quarter. Qu Jiarun, vice president of Baitu Biotechnology, said that now is no longer the era of "burning" investors' money and then going public for 5 years. Comprehensive capabilities such as resources, technology, data algorithms, and business implementation are becoming important factors for the long-term development of AI companies. . "Now we have actually reached the first inflection point of Gartner's emerging technology development curve, and bottoming out requires the opportunities and capabilities of enterprises."
05:00
According to the "Kechuangban Daily" report on May 30, according to data from the American research institute CB Insights, there are currently 13 generative AI companies that have become unicorns (referring to start-up companies with a corporate valuation of more than US$1 billion), and by 2023 So far this year, 5 companies, including Cohere in Canada and Runway in the United States, have become unicorns. The average time spent by these 13 companies from starting a business to becoming a unicorn is 3.6 years, which is halved compared with the overall average time of 7 years. The revenue of these generative AI companies varies greatly, and most of them are not high, but the staff expansion speed is fast.
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