Category Archives: Technology

What GAO Found

New vehicles are increasingly equipped with driver assistance technologies designed to prevent or mitigate crashes (crash avoidance technologies) and support the driving task (driver support systems). According to interviewed stakeholders and research GAO reviewed, when drivers have a realistic understanding of their vehicles' driver assistance technologies, they are more likely to use them as intended. There is some evidence, however, that consumers do not always have an accurate understanding of technologies' capabilities and limitations. One study found that between 27 and 79 percent of consumers surveyed had misperceptions about the limitations of different crash avoidance technologies in their vehicles. In addition, misuse is a safety concern particular to partial driving automation systems, a type of driver support system, which can take over some of the driving tasks in a vehicle but still requires the full attention of the driver.

Vehicle Dashboard Displays Driver Assistance Technology Activation

Within the Department of Transportation, the National Highway Traffic Safety Administration (NHTSA) provides consumers with information on crash avoidance technologies through its New Car Assessment Program (NCAP), additional information on its website, and other means. NHTSA uses checkmarks to indicate whether vehicles come equipped with the four crash avoidance technologies that it recommends and that meet NHTSA's performance criteria. In 2022, NHTSA published a draft roadmap with plans to upgrade NCAP, including recommending four more crash avoidance technologies and developing a rating system for them. These upgrades would provide more comprehensive and comparative information to consumers. However, NHTSA has not finalized its roadmap and has missed time frames even though work on these upgrades started years ago. Developing realistic time frames and publicly communicating its progress could help NHTSA provide consumers with more meaningful information. Aside from NCAP, NHTSA provides consumers with a description on partial driving automation systems, but there is little information about their intended use and operational limitations. Providing this information could assist consumers in developing a more accurate understanding of these systems.

According to NHTSA, almost 42,800 people died in vehicle crashes in 2022. New vehicles are increasingly equipped with driver assistance technologies that could help reduce crashes and fatalities. NHTSA administers NCAP to educate consumers about vehicle safety, including driver assistance technologies, and to assist in consumers' purchasing decisions.

The Consolidated Appropriations Act, 2022, included a provision for GAO to review consumer education about driver assistance technologies. Among the issues this report examines are (1) consumers' use and understanding of driver assistance technologies; and (2) the extent to which NHTSA contributes to consumers' understanding and using the technologies as intended.

GAO reviewed NHTSA's relevant rulemaking documents, website, and studies; analyzed a nongeneralizable sample of NHTSA consumer complaint data; and interviewed NHTSA and other relevant agency officials and a range of industry stakeholders, including automakers and safety organizations. GAO assessed NHTSA's efforts against key project schedule management practices.

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Driver Assistance Technologies: NHTSA Should Take Action to Enhance Consumer Understanding of Capabilities and ... - Government Accountability Office

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 13%.

The company's shares are down 1.3% from a week ago.

We should say that we've discovered 2 warning signs for Suzhou Anjie Technology that you should be aware of before investing here.

Find out whether Suzhou Anjie Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Suzhou Anjie Technology Full Year 2023 Earnings: Misses Expectations - Simply Wall St

Investment analysts at StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC Get Free Report) in a report released on Sunday. The firm set a hold rating on the investment management companys stock.

Shares of SVVC opened at $0.26 on Friday. Firsthand Technology Value Fund has a 12-month low of $0.17 and a 12-month high of $1.02. The business has a 50-day simple moving average of $0.25 and a two-hundred day simple moving average of $0.29. The stock has a market cap of $1.79 million, a PE ratio of -0.05 and a beta of 1.43.

An institutional investor recently bought a new position in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. bought a new stake in shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,797 shares of the investment management companys stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned approximately 0.33% of Firsthand Technology Value Fund at the end of the most recent reporting period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

Receive News & Ratings for Firsthand Technology Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firsthand Technology Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.

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Firsthand Technology Value Fund (NASDAQ:SVVC) Research Coverage Started at StockNews.com - Defense World

Clegg, a former British deputy prime minister, argued that policing AI was akin to building a plane already in flight inherently risky and difficult work. Harris trumpeted Washingtons efforts to address the dangers of AI through voluntary business agreements as the worlds gold standard. Ursula von der Leyen, the European Commission president, who was also in attendance, urged others to follow Brussels new, legally binding rulebook to crack down on the tech.

The debate represented a snapshot of a bigger truth. For the past year, a political fight has been raging around the world, mostly in the shadows, over how and whether to control AI. This new digital Great Game is a long way from over. Whoever wins will cement their dominance over Western rules for an era-defining technology. Once these rules are set, they will be almost impossible to rewrite.

For those watching the conversation firsthand, the haggling in the British rain was akin to 19th-century European powers carving up the world.

It felt like an alternate reality, said Amba Kak, head of the AI Now Institute, a nonprofit organization, who participated in the discussions. At the end of the meeting, 29 countries, including China, European Union members, and the United States, signed a voluntary agreement to reduce risks that have climbed the political agenda thanks to the arrival of OpenAIs ChatGPT.

In the year ahead, the cut-throat battle to control the technology will create winners and losers. By the end of 2024, policymakers expect many new AI standards to have been finalized.

For this article, POLITICO spoke to more than three dozen politicians, policymakers, tech executives and others, many of whom were granted anonymity to discuss sensitive matters, to understand the dynamics at play as the world grapples with this new disruptive technology.

Excerpt from:

Inside the shadowy global battle to tame the world's most dangerous technology - POLITICO Europe

By Mohammed Soliman

Just as Halford Mackinder, in his seminal workThe Geographical Pivot of History, argued that control over the Eurasian heartland held the key to global mastery, the world stands at the precipice of another pivotal shiftone driven not by geography, but by the relentless force of exponential technological innovation. This is the age of the Technological Pivot of History, where the balance of power hinges not only on landmasses but also on the ability to harness and wield the ever-evolving arsenal of technological advancements.

The pace of innovation today is nothing short of breathtaking.Moores Law,what was once a simple observation, has morphed into a self-actualizing prophecy, with processing power doubling roughly every two years. This exponential growth isnt confined to silicon valleysits reshaping every facet of human lives, from the microscopic to the macroscopic. Transistors, the building blocks of chips, are now routinely crammed into spaces smaller than the width of a human hair. This miniaturization, driven by Moores Law, has fueled the rise of smartphones that outperformed desktop computers just a decade ago and unleashed the potential for even more powerful AI applications like autonomous vehicles and real-time medical diagnostics. Generative AI, a subfield focused on creating new content, is already producing stunning results. Tools like DALL-E 2 can generate photorealistic images from mere text descriptions, whileGPT-3andGoogle Bardcan write convincing human-quality prose poems and even code. As these models grow more sophisticated, their parameters, the variables that define their behavior, become increasingly complex, opening a vast universe of creative and exponential possibilities.

Robotics and automation are transforming industries, from manufacturing to agriculture. Automated assembly lines are churning out goods with unprecedented efficiency, while robots are tending crops and managing livestock with precision. These advancements are not only boosting productivity but also create new opportunities for human-robot collaborationLooking at an example thats even more impressive, consider the revolutionary field of DNA testing. Once relegated to expensive research labs, genetic analysis is now accessible to the masses. Companies like23andMeandAncestryDNAoffer affordable kits that unlock previously unknown family history and even predict predisposition to certain diseases. This democratization of genetic information is leading to breakthroughs in personalized medicine andunderstandingof human health.

The impact of these technological advancements extends far beyond technical improvements, fundamentally altering the power dynamics on the global stage. Just as empires of the past rose and fell based on their mastery of geography and resources, so too will future power dynamics be determined by technological prowess. The landscape of national strength is shifting. Territorial size, resource wealth, and even military might no longer guarantee supremacy. Instead, the ability to foster innovation, attract talent, and adapt will determine who thrives in this rapidly changing landscape. In recent decades, theexponentialgrowth of technology has redefined state sovereignty and hegemony. New geopolitical lines will continue to be drawn around technology and the flow of information, whereby historically, they were formed geopolitically and by way of traditional military superiority. Thus, technology is central to the balance of power. In recent years, its become clear that the United States and China are locked in a tech-fueled great power competition, with implications spanning from cyber warfare to intellectual property, from data to AI, and from undersea cables to low-orbit satellites.

The intensifying competition in the cyber and technology domain, often referred to as the US-China tech Cold War, is prompting major and regional powers to develop their own cyber and technology doctrines. From the chokepoint of Dutchchipmakingto the ambitious AI programs ofSaudi Arabiaand theUnited Arab Emirates, a new wave of rising powers is disrupting the global technology landscape. East Asian shipyards, led by Japan and Korea, now churn out the giants that traverse the worlds oceans, while India and Vietnam witness an industrial revolution. In the skies, Turkey has carved a niche as adrone superpower, with its Bayraktar TB2s becoming a sought-after commodity. These nations are not just catching up, theyre pushing boundaries, shaping the future of technology, and challenging established leaders in a race for innovation that promises to reshape the world. Their technology doctrines reflect the growing recognition that technological prowess can be a significant power multiplier in the current multipolar and volatile world.

The United States, a long-time trailblazer in technology innovation, now faces greater scrutiny from other nations observing the impact of its tech capabilities on its past geopolitical standing. Case in point: US technology played a vital role in the recent Russia-Ukraine conflict, supporting Ukrainian efforts to counter the Russian invasion. Unsurprisingly, China is pouring billions into AI research and development, aiming to achieve dominance in a technology poised to revolutionize every aspect of human life. Consider the United States, its Silicon Valley churning out disruptive technologies, but grappling with internal divisions and anxieties about the pace of change. The race for technological supremacy is on, and its outcome will define the new hierarchies of power.

Unlike the zero-sum battles for geographical control, the Technological Pivot offers the potential for shared gains amidst inequalities. However, the digital divide threatens to leave entire populations behind in the exponential age. Ethical considerations loom large. Questions of privacy, security, and the very nature of humanity in the age of machines demand urgent attention. Navigating this Pivot demands a paradigm shift in thinking about international cooperation on standards and regulations to ensure responsible and ethical use of technologies, as the use of technologies poses existential questions about our place in a world increasingly shaped by machines.

The Technological Pivot of History is a transformative era where the balance of power is no longer solely dictated by geography but by the ability to harness exponential technological innovation. As the world witnesses the escalating US-China tech Cold War, it becomes evident that the race for technological supremacy is shaping the future hierarchies of power. The digital divide will be widened in the exponential age and threatens to leave entire nation-states on the sidelines of this Technological Pivot of History.

The views expressed in this article are those of the author alone and do not necessarily reflect the position of the Foreign Policy Research Institute, a non-partisan organization that seeks to publish well-argued, policy-oriented articles on American foreign policy and national security priorities.

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The Technological Pivot Of History: Power In The Age Of Exponential Innovation Analysis - Eurasia Review

Peggy Sauer was one of the "Damsels in Design" at GM hired to work on car interiors. She's shown here with her design for the backseat of a 1958 Oldsmobile. GM Heritage Center/Pegasus Books hide caption

Believe it or not, there was once a prototype of a minivan that included a small washer and dryer that way, moms could do the laundry while the kids were at soccer. That vehicle, explains journalist Nancy Nichols, was never produced, but it's an eye-opening window into the long relationship between car manufacturers and their female consumers.

Nichols has written a new book on the history of women and car culture. In Women Behind the Wheel: An Unexpected and Personal History of the Car she explains how cars became a gendered technology.

Cars have always been major characters in Nichols' life. Her father who lost his brother to an auto accident as a child became a car salesman, mostly selling used cars. Her brother drove race cars on weekends. Decades later, Nichols' father was in a car crash that resulted in a traumatic brain injury that changed his life.

"The car, for men, has always been about adventure, about power, about strength, about a performance of their own masculinity. ..." Nichols says. "The car for women was about making sure that you could take care of your domestic duties what you needed to get done for your job as a mother or your job as a housewife."

On how the invention of the electric starter made cars accessible to women

A 1916 ad for the Baker Electric. The Collections of Henry Ford/Pegasus Books hide caption

A 1916 ad for the Baker Electric.

The early cars were hand-cranked, and that was part of why they were very difficult for women to drive. They were very hard to start. Also, they didn't have power steering. They didn't have power brakes. There were some models in which it was very difficult for women to even reach the pedals. ...

It wasn't until 1910 when a man named Charles Kettering developed an electric starter for the car, and this was a real game changer for women because it allowed women to start the car without a great deal of personal strength, and it greatly expanded their ability to use the car when there weren't men around.

In the first instance, the ladies car was an electric car. It was meant for women who were largely very wealthy. For example, Clara Ford drove a Detroit Electric. She did not drive a Ford. That's because in the early days, these combustion engines were thought too difficult for women to start and drive, and also too dangerous. There was also some concern that the combustion engine would create unwanted sexual excitement for women. They vibrated ... so they were not allowed to have them. Wealthy women, by and large, had the electric. They were kind of like golf carts today. They drove them around their estate. They drove them to their friends, for social engagements.

On car coats and automobile fashion in the 1910s

The car coat was designed to help women get in and out of the car. ... I went to the New York Public Library, and I found from Saks Fifth Avenue, a catalog, it was about 200 pages long, and it was all about helping women adapt to this new car culture, which was really very new. So early cars were open. They didn't have roofs. Women got dirty. They were cold. Women were sold ermine blankets. They wore goggles that evolved as the car became more enclosed.

And so women ... were advised by the Ladies Home Journal, for example, to wear gloves, to have a hat with a short veil, because the act of driving a car is performative, and it's always been expected that women dress a certain way and look a certain way. So, for example, Ford had coats that were made to match, used the same material in the interior of the car to create matching handbags, matching coats. So it was a very coordinated thing.

A post-World War II Ford ad shows all the ways the car helps a woman in her family duties even as they extend beyond the home. The Collections of Henry Ford/Pegasus Books hide caption

On how car manufacturers coached salesmen on how to sell cars to women

For example, certain salesmen were told to go to the home, find out what the woman's favorite color was, then bring a car that was in that shade to the home a very decked out car that she might feel attracted to. ...

The interior of the car was thought to be particularly a female space, a place for domestic arts. So this is a place where women were involved in picking the fabric of the seats or the floor mats, the interior colors. So the slogan or kind of the watchword from that time would have been, "He picks the engine. She picks the paint job."

On the minivan's reinvention from hippie car to mom car

The hippies use the van as a kind of roving space for romance. So they would have on their vans, "if it's a rockin', don't come a knockin'." Because these were intimate spaces that were designed for intimacy. They had specific mood lighting. They had wine racks, they had shag rugs. ....

Fast forward a little bit to my generation, I'm a Boomer. I have always worked. I had a young son when I was working, so I use my minivan. I drove a Honda Odyssey, and I used it to meet my dual responsibilities as a mother and as a professional woman, and I'm about 65 years old. ... My generation was the biggest waves of women who are trying to meet these dual responsibilities. So we would have on our suit and our little high heels and our cute little bow ties, and we would also be in the grocery store, and we would be dragging kids through the grocery store in those outfits, and we would be taking them to soccer.

You have to give the American automobile industry so much credit: They were on every single demographic trend. They fully understood what women wanted and needed. ... They weren't doing it out of generosity, but they did a great job.

Author Nancy Nichols

You have to give the American automobile industry so much credit: They were on every single demographic trend. They fully understood what women wanted and needed, and they were out to make it work for women, in very capitalist ways. They weren't doing it out of generosity, but they did a great job. And the minivan was really created in order to help women make that transition from home to work to getting the kids to soccer. ...

I think when most of us were fantasizing about what it meant to be a woman, we weren't thinking, "Oh, we're going to be raising our child at 45 miles an hour." But we spent a lot of time in those minivans.

On how Subaru became seen as a car for lesbians

Around 1994, a set of executives at Subaru were having focus groups in western Massachusetts, and what they realized [was] ... the people who were buying their cars fell into two categories: One was what we would call kind of an essential worker now. They were nurses. They were EMTs. They had to get out in all weather. There was no chance that they could skip work if the weather was bad. And the other group tended to be lesbians. And they found this very interesting, and they pursued it. And what they realized is that lesbians were very fond of their car.

So they started speaking and trying to encourage more lesbians to buy their car, by a kind of coded set of advertisements. So in the advertisement, the license plate, for example, would say, "get out and stay out." Which was coded language. It could mean get out into nature and stay out in nature, but it could also mean, you know, come out of the closet and stay out of the closet. Or the license plate would say "P-Town" and Provincetown in Massachusetts has always been a very welcoming place for the gay community. So they started and became the first company to actually get out front and market to the gay community.

On "male" crash dummies as an industry standard

The original crash dummy was a six-foot man with a hat on. And came from dummies that were created to test for pilots to eject out of their planes. So those crash dummies were modified and began to be used in the manufacturing of automobiles. So there's two ways in which these dummies are used. And one is the federal government has their standards, their crash standards, and they have their dummies. And those dummies historically have been made for men, and they don't take into account smaller women.

To their great credit, automobile manufacturers now test their vehicles using many different kinds of dummies, but the actual ratings they get come from these dummies that are used by the federal government. And there has been a push by women legislators to try to get that changed. And there's been some movement, but it's still quite concerning. And as a result of that, women are more likely to be injured in a crash because their musculature is different.

On where women fit into the car technology of the future

We're at this really important point in the life of the automobile where we're going to have autonomous vehicles, we're having electric vehicles, we have women legislators who are arguing for better, more inclusive kinds of safety dummies. So I want women to be aware of all these aspects of the car. The car as a domestic space, the car is a place where you can really be injured. And I want them to just kind of take ownership of this. We are active consumers in the automobile world.

Lauren Krenzel and Susan Nyakundi produced and edited this interview for broadcast. Molly Seavy-Nesper and Beth Novey adapted it for the web.

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'Women Behind the Wheel' explores the intersection of gender, culture and cars - NPR

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 7.0% from a week ago.

We should say that we've discovered 3 warning signs for Shanghai Weihong Electronic Technology that you should be aware of before investing here.

Find out whether Shanghai Weihong Electronic Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Shanghai Weihong Electronic Technology Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags - Simply Wall St

Key Insights

Does the March share price for Powertech Technology Inc. (TWSE:6239) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not, it's not too difficult to follow, as you'll see from our example!

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

View our latest analysis for Powertech Technology

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = NT$70b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 0.8%. We discount the terminal cash flows to today's value at a cost of equity of 8.8%.

Terminal Value (TV)= FCF2033 (1 + g) (r g) = NT$11b (1 + 0.8%) (8.8% 0.8%) = NT$142b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= NT$142b ( 1 + 8.8%)10= NT$61b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is NT$131b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of NT$201, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Powertech Technology as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.8%, which is based on a levered beta of 1.458. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Powertech Technology, we've put together three important elements you should consider:

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the TWSE every day. If you want to find the calculation for other stocks just search here.

Find out whether Powertech Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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A Look At The Fair Value Of Powertech Technology Inc. (TWSE:6239) - Simply Wall St

After what has been described as a spate of lawlessness on the subways of New York City this year, Mayor Eric Adams saidtodaythat artificial intelligence will be drafted to help cut down on the number of violent crimes.

Adams reportedly has spent some time looking around the world for the perfect AI system to detect guns, which will translate to a 90-day pilot program soon. This year has seen shootings and other acts of gun violence and general madness that are reminiscent of times past when the city was renowned as a leader in violent crime.

The increase in acts of violence has been quite dramatic, leading to the city deploying hundreds of National Guards. Many New Yorkers have said they dont feel safe, some writing in the comments section of a New York Times article that the reported crimes are only the tip of the iceberg. The feeling among many is something needs to be done to make the subway safer,

Adams, who accepts there is a problem, is known to be a fan of technology, which might have inspired him to take this latest step toward AI. Would I prefer us not having to walk through this to come on our system? he said. Youre darn right I do. But we have to live life the way it is and work to make it what it ought to be.

The company he chose is Evolv Technologies Inc., a Massachusetts-based weapons detection firm that has been deploying its systems in schools and venues across the U.S. for quite some time now. Not only is the presence of such systems quite dystopian and depressing for some Americans, but Evolv has taken flak in the past for its technology either not working or giving false positives. Still, the company claims its software detects around 400 guns a day across the U.S.

At an investor conference in 2022, Evolvs Chief Executive Peter George was asked if his companys technology would have saved lives in the Uvalde school shooting. The answer is when somebody goes through our system, and they have a concealed weapon or an open carry weapon, were gonna find it, period, he replied. We wont miss it. The Federal Trade Commission has since begun aprobeinto such claims.

The company says its machines might look like metal detectors, but it has explained that the AI scanners use safe, ultra-low frequency, electromagnetic fields, and advanced sensors to detect concealed weapons. The software detects signatures for what Evolv says are all the guns, all the bombs, and all the large tactical knives in the world.

There are plenty of critics of such surveillance, but Adams here is in a tight spot. The pilot will run in accordance with the Public Oversight of Surveillance Technology Act, which asks that the New York City Police Department publish the impact of surveillance technologies.

THANK YOU

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New York City will introduce controversial AI gun detection technology amid subway crime crisis - SiliconANGLE News

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 9.0% from a week ago.

Before you take the next step you should know about the 1 warning sign for Weaver Network Technology that we have uncovered.

Find out whether Weaver Network Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Weaver Network Technology Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag - Simply Wall St