ServiceNow Inc. stock outperforms competitors on strong trading day
Bharat Jodo Yatra, Nyay Yatra Thwarted BJP-RSS Agenda Of Amending Constitution, Says Kharge At Cong Centenary SessionLAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!
Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Federal prosecutors seek records from company that deployed AI weapons scanner on NYC subwayManipulated and Betrayed: How Andhra Pradesh Used Citizen Data to Deny Aid and Control Votes
AP Sports SummaryBrief at 5:38 p.m. ESTSACRAMENTO, Calif. , Dec. 20, 2024 /PRNewswire/ -- This holiday season, help give the drivers in your life the gift of convenience and control with the Reviver RPLATE ® — the exclusive digital license plate of the Sacramento Kings. The innovative RPLATE is the world's first digital license plate, allowing drivers to monitor and customize their license plate through the ease of a mobile application. Whether it is a teenager's first ride, or the dream car your parents always wanted, the holidays are the perfect time to gift your loved ones with a new car. Reviver has the perfect companion gift for a new car — the RPLATE, a smart and sleek digital license plate. The RPLATE helps make owning and maintaining a car easier and more enjoyable by turning the license plate into a connected vehicle platform. Through the RPLATE, drivers can quickly renew and update their vehicle's registration via the secure Reviver app. The RPLATE also offers fun personalization features with its weatherproof display, such as light/dark mode and banner messages. "I created Reviver and the RPLATE because I observed that the license plate and vehicle registration ecosystem wasn't innovating to meet the needs of the modern world," said Reviver Founder and Chief Strategy Officer Neville Boston . "At Reviver, we want to reimagine the driving experience and what a license plate can do. We want to make life easier for drivers, businesses, and government." Today, more than 65,000 drivers own an RPLATE including Cedric the Entertainer, Marshall Faulk and DJ Skee. Sacramento Kings fans can learn more about Reviver and the innovative RPLATE at an upcoming home game at Golden 1 Center. ABOUT REVIVER ® Reviver ® is a technology company on a mission to modernize the driving experience. As developer of the world's first digital license plate platform, Reviver products transform the license plate into a connected vehicle platform, enabling consumers and commercial businesses to digitize vehicle registration renewals and experience a growing set of personalization, convenience, and safety features, all managed through a mobile or web app interface. Reviver's digital license plates are legal for sale in Arizona and California , along with Texas for commercial fleet vehicles. Ten additional states are in various stages of adoption. Founded in 2009, Reviver is headquartered in Northern California , and is the official patch partner of the Sacramento Kings and the official innovation partner of the Sacramento Kings and Golden 1 Center. To purchase an RPLATE click here . To learn more about the RPLATE, click here . View original content to download multimedia: https://www.prnewswire.com/news-releases/help-them-drive-like-a-sacramento-king-give-the-gift-of-a-reviver-rplate-302337650.html SOURCE ReviverAs the future of warfare pivots towards artificial intelligence, Ukraine is sitting on a valuable resource: millions of hours of footage from drones which can be used to train AI models to make decisions on the battlefield. or signup to continue reading AI has been deployed by both sides on the battlefield during Russia's invasion of Ukraine to identify targets, scanning images far quicker than a human can. Oleksandr Dmitriev, founder of OCHI, a non-profit Ukrainian digital system that centralises and analyses video feeds from over 15,000 drone crews working on the front lines, told Reuters his system had collected two million hours, or 228 years, of battlefield video from drones since 2022. That will provide vital data for AI to learn from. "This is food for the AI: If you want to teach an AI, you give it 2 million hours (of video), it will become something supernatural," he said. According to Dmitriev, the footage can be used to train AI models in combat tactics, spotting targets and assessing the effectiveness of weapons systems. "It is essentially experience which can be turned into mathematics," he said, adding that an AI program can study the trajectories and angles at which weapons are most effective. The system was originally made in 2022 to give military commanders an overview of their areas of the battlefield by showing them drone footage from all nearby crews side by side on one screen. After the system was rolled out, the team running it realised that video being sent back by drones could prove useful as a record of the war – so they began to store it. On average, Dmitriev said five or six terabytes of new data were added every day from the fighting. Dmitriev said he was talking with representatives from some of Ukraine's foreign allies that had expressed interest in his OCHI system, but declined to provide details. Samuel Bendett, adjunct senior fellow at the US-based Centre for a New American Security, said such a vast pool of data would be extremely valuable in teaching AI systems to identify what exactly they are seeing, and what steps they should take. "Humans can do this intuitively, but machines cannot, and they have to be trained on what is or isn't a road, or a natural obstacle, or an ambush," he said. Kateryna Bondar, a fellow at Wadhwani AI centre at the Centre for Strategic and International Studies, said the size of the data set and the image quality were important, as AI models learned to recognise targets based on shapes and colours. Bondar said that the dataset was valuable in the context of training to fight Russia. However, she said US officials and drone makers prefer a dataset that trains AI systems to operate in the Pacific against a potential Chinese adversary. "(They want) systems ready and able to fight against China because that's the main priority for the US right now, rather than getting a lot of footage of Ukrainian fields and forests." Ukraine also has another system, called Avengers, developed by its defence ministry, which centralises and collects video from drones and CCTV. The ministry declined to provide information about this system. However, it has previously said that Avengers spots 12,000 Russian pieces of equipment a week using AI identification tools. Thousands of drones are already using AI systems to fly themselves into targets without human piloting, and Ukraine is using AI technologies to help demine its territory. Ukrainian companies are developing drone swarms, where a computer system will be able to execute commands for an interlinked cloud of dozens of drones. Russia has also touted its use of battlefield AI, most notably for target recognition in Lancet strike drones, which have proved lethal against Ukrainian armoured vehicles. Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementThere is now the so-called "new age of warfare" especially with the use of advanced technologies from each side's top developments, with turning their case into advancements for their AI training. The valuable data Ukraine has collected with its ongoing war with Russia is now being utilized for more than military advancements, but also for its artificial intelligence developments. Many AI-powered technologies have been deployed by both sides in this transcontinental war between Ukraine and Russia, and this includes the likes of target identification software, image scanners, and more. According to the latest report from , Ukraine is now moving towards using the data they gathered from their war against Russia as a valuable source of information for their AI training feats. Ukraine is on the verge of training its AI models with millions of hours of footage from drones, for a better performance on the battlefield, set to soon bolster its defenses and capabilities against Russia. The non-profit Ukrainian organization called OCHI has worked on centralizing and analyzing video feeds from as many as 15,000 drone crews on Ukraine's frontlines, with Oleksandr Dmitriev revealing that they have over 2 million hours of footage since 2022. According to Dmitriev, this valuable trove of drone footage is "food for AI," and they believe that feeding these data to the artificial intelligence could help it improve significantly and more than enemy detection and other usual feats. Apart from giving drones the capabilities to target enemies and detect humans when flying around, artificial intelligence may power them to bring new combat tactics, better detection capabilities, and improvements to their weapon systems. Both Russia and Ukraine have been known for deploying AI-powered drones on the battlefield since their conflict started, and while Moscow first dominated the scene, Kyiv was able to catch up and effectively rival their enemies in space. Advanced technology has shined throughout the ongoing war between Ukraine and Russia as both sides are known for deploying their tech to fight against the other, and it features a massive step above what was previously observed. Russia is best known for its massive advancements on artificial intelligence which was apparent from its previous attacks, including the against their adversaries. That being said, Ukraine had received massive help from various companies hailing from different corners of the globe, offering advanced technologies to bolster the company's defenses and power against the invaders. One of the top companies to offer their tech for Ukraine was the controversial ClearView AI which used its facial recognition tech to help the country during the early moments of their conflict. Russia has been crafty with its massive advancements in its war against Ukraine, but with the help of many allies worldwide, Kyiv was able to retaliate using technology to give Moscow a run for its money. Now, Ukraine is taking advantage of the massive data it collected from the war, and these are dedicated to expanding more of their artificial intelligence, with the valuable data helping improve their models significantly.
‘YOU’RE PART OF THE PROBLEM’: Bill Maher blasts Neil deGrasse Tyson in trans debatePublished 4:38 pm Thursday, November 21, 2024 By Rocky Hulne From left, Savile Lord, Nick Novotny, Theresa Myers, Jason Sehon, Bonnie Reitz and Gretchen Boldt all celebrated the 30th annual fund raising kick-off for the downtown flowers. On display is a photograph taken by Tim Reitz during an Austin Art Works Festival. Rocky Hulne/sports@austindailyherald.com The downtown project already has Austin in the festive spirit for the holidays. Rocky Hulne/sports@austindailyherald.com It has now been three decades since the Flower Basket Program has made downtown Austin a beautiful place to visit in the summer, and it doesn’t look to be stopping anytime soon. Organizers of the program gathered downtown to celebrate the tradition and to kickoff its annual fundraiser. The program receives its funding from three sources — the City of Austin, donations from Hormel and donations from local people and businesses. Last year, there were over 110 local donors. The goal for this year is to raise $15,000. “ We want to say thank you to anyone who’s donated and If anybody’s looking for a Christmas present, you can donate flowers in someone’s honor,” organizer Bonnie Rietz said. Savile Lord of the SPAM Museum said that the Flower Project is always noticed by out of town visitors. Besides the summer flowers, the project also brightens downtown Austin with winter decorations and fall potted flowers as well. “As we bring in hundreds of thousands of visitors to Austin to celebrate the SPAM Museum and the SPAM brand, I cannot tell you the number of people who comment on how beautiful our downtown looks,” Lord said. “It makes it so warm, it makes it so inviting and it’s such a pleasure to look at every day.” Nick Novotny of IMPACT Austin said the project has helped keep the theme of Austin being a welcoming community. “We’re looking to make Austin a more welcoming place and having a really vibrant place with flowers in the summer, along with fall and winter displays make it very welcoming,” he said. You can donate to the flowers by writing a check to the city of Austin and sending it to city hall at 500 4th Ave NE. Be sure to write “flowers 2025” in the memo line. Donations via credit card may also be made over the phone by calling city hall at 437-9940.
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