Investing.com -- Virtuix Inc. (NASDAQ: VTIX), the maker of full-body virtual reality systems, believes its AI-driven virtual terrain technology could unlock significant opportunities in the defense sector, CEO and founder Jan Goetgeluk told Investing.com in an exclusive interview.
The Austin-based company, known for its “Omni” omni-directional treadmills, allows users to walk and run naturally inside virtual worlds. Its products are in use across consumer, enterprise,... (continue reading...)
Investing.com -- Americans became less concerned about inflation and more optimistic about job prospects in January, according to a report released Monday by the Federal Reserve Bank of New York.
The bank's Survey of Consumer Expectations revealed that one-year inflation expectations dropped to 3.1% in January from 3.4% in December. Three-year and five-year inflation expectations remained steady at 3%.
The labor market outlook improved as respondents reported a lower... (continue reading...)
Investing.com -- An emerging technology model known as Services-as-Software is set to reshape the global services industry over the next several years, according to Bernstein analyst Richard Nguyen.
In a note to clients on Monday, the analyst described it as “an emerging trend that will profoundly transform the business model of services providers, and reshape the competitive landscape, over the next 3-to-5 years.”
Nguyen explained that the model involves delivering... (continue reading...)
Investing.com --Jefferies said Steve Madden may face a tougher growth path as pressure builds in its wholesale business, which accounts for about 70% of revenue, while resistance from retail partners to price increases weighs on near-term performance.
The brokerage said retailers are pushing back on double-digit price hikes, which could make it harder for the company to drive its next phase of growth. It warned that the pressure in wholesale could persist over multiple... (continue reading...)
Investing.com -- Databricks announced Monday it has crossed a $5.4 billion revenue run-rate with over 65% year-over-year growth in its fourth quarter.
The Data and AI company is completing investments exceeding $7 billion, which includes approximately $5 billion in equity financing at a $134 billion valuation and about $2 billion in additional debt capacity.
The new funding will accelerate development of Lakebase, the company's serverless Postgres database built for AI... (continue reading...)
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