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Beamr presents accelerated video Al workflows at NVIDIA
GTC
3/19/2024 6:00am
Herzliya Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced it will present accelerated video AI workflows at NVIDIA GTC. GTC is a global AI conference for developers and business minds shaping the future of artificial intelligence (AI) and accelerated computing. At GTC, Beamr will highlight its plans for integrating AI workflows into Beamr Cloud - Beamr’s recently launched video software-as-a-service (SaaS) solution powered by NVIDIA technology - allowing easy and wide access to advanced video processing.
AI startups or even seasoned AI firms face challenges training massive video AI models. This is because of the complexity of the size and resolution of large video files. Beamr’s vision is to lower the barrier of entry to the highest level of video AI capabilities. Beamr plans to offer AI and machine learning players a variety of solutions that may enable them to overcome critical pain points, such as slow training and inferencing speed, large numbers of GPUs required to complete a task, data storage, networking bottlenecks and high associated costs.
Beamr plans to focus its research and development efforts on providing AI and generative AI players access to video AI workflows, tailored to their needs, through Beamr Cloud. Recently, Beamr released a technical paper showing that machine learning workflows benefit from the ability to create a compressed file that looks exactly the same as the original one. Video files that were downsized by 40% on average had streamlined machine learning processes and allowed significant savings in storage and overall costs without any negative effect on training and inference results.
Beamr’s video optimization tech - integrated with NVIDIA’s 8th-generation GPU encoder (NVENC), available on NVIDIA T4 Tensor Core and NVIDIA RTX GPUs, and NVIDIA L4 Tensor Core, L40 and L40S GPUs - aims to accelerate video AI workflows and enhance video pre-training, training and inference capabilities in AI pipelines. NVENC SDK 12.1 added an API that allows external control and enables users to tightly integrate hardware encoders for AVC and HEVC video formats. In addition, it supports AOMedia Video 1 (AV1), an efficient emerging video format.
Last month, Beamr launched Beamr Cloud, enabling high-quality, high-scale video processing at attractive pricing. Beamr Cloud, operating on Amazon’s AWS and powered by NVIDIA technology, targets the expanding markets of AI, user-generated content, autonomous cars, online video editing, podcast platforms and more. Beamr Cloud is powered by NVIDIA technologies like NVIDIA CUDA, NVIDIA DeepStream SDK, and NVENC, and supports reductions in video training, inferencing, and extract, transform and load (ETL) times, while delivering cost savings in bandwidth and storage.
Image: Beamr Cloud - High-Quality, High-Scale Video Processing at Attractive Pricing
Faster Extract, Transform and Load (ETL) with Beamr Optimized Video
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content adaptive video solutions. Backed by 53 granted patents, and winner of the 2021 Technology and Engineering Emmy® award and the 2021 Seagate Lyve Innovator of the Year award, Beamr's perceptual optimization technology enables up to a 50% reduction in bitrate with guaranteed quality. www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
investorrelations@beamr.com
Has much changed? Seems not.
Looking for more than my starting position.
https://schrts.co/tcCbbWGv
Door 4 - scalping. Nothing of solid interest, watching GLD.
Confirmed - https://schrts.co/fubvvXxQ
In play now whith partial positions and more to come.
End of day volume - https://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=2&i=p26193407631&a=300936201&r=1367322077062
Rally is in play and the likely traps will be sprung in time.
Forgot about this problem. Confirmations did not happen today for SPY, NDX & DOW. Did not go long and not holding. List of stocks priming is large.
GlobalFoundries Hopes to Turn Profitable Amid the Chip Shortage
After years of losses, the newly public company shifted its focus to the low end of the market.
By Ian King
November 4, 2021, 5:00 AM CDT
The GlobalFoundries chipmaking plant in upstate New York. PHOTOGRAPHER: ADAM GLANZMAN/BLOOMBERG When Apple Inc. reported its most recent quarterly earnings, it said that revenue was $6 billion less than it could have been because it couldn’t get all the chips it needed and that the current quarter would be even worse. In doing so, it was revealing not only that the global semiconductor shortage was affecting one of the world’s most valuable companies, but also how it did so.
Apple’s devices famously use cutting-edge chips that the company designs for its own needs. Those weren’t the problem, according to Chief Executive Officer Tim Cook—it was the simpler chips that carry out mundane functions such as managing power and data. “On legacy nodes, we compete with many different companies for supply, and it’s difficult to forecast when those things will balance,” he told investors on Oct. 28.
The semiconductor industry is forever focused on making even more impossibly advanced chips, but the global chip shortage is most acute when it comes to chips made through processes that haven’t been cutting-edge for years. As a result, chipmakers who can’t compete with the most sophisticated players in the industry have been sharing in the boom in orders over the last 18 months.
This is good news for GlobalFoundries, the New York-based chipmaker owned almost entirely by the investment arm of the government of Abu Dhabi. GlobalFoundries, or GloFo as it’s sometimes called, raised $2.6 billion when it went public the day before Cook’s comments, quietly completing the third-largest initial public offering on a U.S. exchange this year, according to data compiled by Bloomberg. By Nov. 2 its share price had jumped more than 20%.
The company plans to spend $6 billion bolstering production, a small fraction of the commitments from top high-end chip producers TSMC and Samsung Electronics. GloFo, which was founded in 2009 as a spinoff of Advanced Micro Devices Inc.’s manufacturing operations, spent years bleeding cash in an attempt to achieve the scale required to compete with the top tier of chipmakers. In 2018 it gave up on making the most sophisticated chips and switched its focus to easier-to-manufacture parts.
CaulfieldPHOTOGRAPHER: COURTESY GLOBALFOUNDRIES
Semiconductor production is costly and time-consuming to set up, and GlobalFoundries kept losing money for years as it reshaped itself. But after a $301 million loss on revenue of about $3 billion in the first half of this year, it has more than $2 billion of commitments from customers to help it expand production, according to Chief Executive Officer Tom Caulfield. He says the growing need for chips in so many areas will translate into a period of sustained expansion for the industry. “We’re sitting at a half-trillion-dollar semiconductor market, and it took us 50 years to get here,” Caulfield says. “Consensus is we’re doubling in the next 10 years. What’s different this time is we’re going to have to go 10 times faster.”
Still, the chip market lurches in ways that are brutally difficult to time correctly. Periodic supply crunches inspire chipmakers to pour money into increased capacity, only to create a glut when customers pull back, leaving them with no way to recover their investment.
At this confused moment in the global economy, there are signs that Caulfield’s optimism may be misplaced. Chipmaker Texas Instruments Inc., a bellwether for the industry because of its tremendous reach, recently revealed a forecast that suggested the surge in electronic components is already beginning to slow.
GlobalFoundries Fab 8 and company headquarters in Malta, N.Y.COURTESY: GLOBALFOUNDRIES
GlobalFoundries is in an interesting position related to the other shifting dynamic in the semiconductor world: geopolitics. Its main plant is in upstate New York, near Albany, an attribute that Caulfield, a veteran of IBM’s chip operation, has tried to play to his advantage as he lobbies for subsidies from the U.S. government.
The Biden administration is worried about the lack of control that the U.S. has over the supply chain. But even after its U.S. IPO, GloFo is controlled by Mubadala Investment Co., which owns 80% of the company and whose main investment goal is to diversify Abu Dhabi’s economy away from oil. All this could muddy up the politics for a semiconductor company trying to navigate an industry that’s shifting in mysterious ways. Now it has to add to its list of tasks the art of pleasing public market investors.
BOTTOM LINE - Demand for less-sophisticated semiconductors has spiked as the pandemic persists, which is good news for a company no longer chasing the industry leaders
https://www.bloomberg.com/news/articles/2021-11-04/globalfoundries-gfs-hopes-to-turn-profit-amid-chip-shortage
Pentagon Swoops In to Buy Last-of-Kind Chips for B-2, Destroyer
By Anthony Capaccio
November 8, 2021, 1:00 AM CST
Orders flow to GlobalFoundaries as it sells a key factory Initial $885 million in orders approved in stopgap bill
The Pentagon plans to place as much as $2 billion in rush orders by early March for customized semiconductors used in weapons like the B-2 bomber before the production line for them is shut down.
GlobalFoundries Inc. has sold the factory in Fishkill, New York, that produces the specialized chips used in GPS-dependent systems, and the new owner won’t be making them.
The Defense Department is confronting its looming supply crunch amid a global shortage of the chips used in consumer items from mobile phones to autonomous vehicles, markets where GlobalFoundries is expanding its production. The Pentagon’s move “addresses a diminishing manufacturing capacity,” said Jessica Maxwell, a spokeswoman for the department’s acquisition office
Under a stopgap spending bill passed by Congress, an initial $885 million in orders would be placed by Dec. 15 with U.S. contractors dependent on the components so that they can contract a substantial share of the total with GlobalFoundries. That gives the company “enough time to process the requests and manufacture the parts before the production line shuts down,” Maxwell said via email.
A sign of the issue’s urgency: The $885 million was the only Pentagon-related exception that the White House budget office asked Congress to approve in its stopgap spending measure, which generally freezes spending at fiscal 2021 levels.
The remainder of the $2 billion in orders would need to be placed by March 3, in advance of the expected completion of the factory’s sale next December, according to a defense official who spoke on condition of anonymity. Chips take about three months to go from discs of silicon to finished products.
Destroyers, Bombs
Systems that use the semiconductors include the B-2 stealth bomber, the Army and Marine Corps Joint Tactical Light Vehicle, the Army’s wheeled Stryker vehicle, the Navy’s Arleigh Burke-class destroyer and the Air Force’s new Small Diameter Bomb II, according to the Air Force, which is overseeing the chip purchases.
GlobalFoundries’s $430 million sale of its specialized fabrication, or “Fab 10,” facility to On Semiconductor Corp. is driving these “end-of-life” orders, the company said in a statement. “For certain programs and technologies, we are meeting the DoD’s needs by manufacturing large volumes of chips sufficient for the lifetime of the program.”
“In other instances, we are partnering with the DoD to extend the lifecycle of certain technologies manufactured at Fab 10 by transitioning the manufacturing of their chips to other GF Fabs,” the company said.
Read More: GlobalFoundries Hopes to Turn Profitable Amid the Chip Shortage
The April 2019 announcement of the Fishkill facility transaction called for On Semiconductor to take full control of the facility -- originally built by International Business Machines Corp. -- and its workforce by about December 2022, subject to regulatory review.
The Air Force said in a statement that the “bulk buy” of the military’s specialized GPS code-compliant “Application Specific Integrated Circuits” is intended to cover multiple years “for use in various cards, receivers, and/or platforms based on service requirements.” The components are built to defense standards for specialized weight and power requirements.
In February, the Defense Department signed a new strategic agreement with GlobalFoundries to supply semiconductors starting in 2023 manufactured at another facility in Malta, New York -- the home state of Senate Majority Leader Chuck Schumer who has been advocating for a robust and secure base of U.S. semiconductor suppliers. But that facility won’t produce the chips made at Fishkill.
GlobalFoundries operates manufacturing facilities in the U.S., Europe, and Asia, and it says as many as 250 companies are customers. The company is based in Santa Clara, California, but Mubadala Investment Co., the investment arm of the government of Abu Dhabi, owns 80% of the company.
— With assistance by Ian King
https://www.bloomberg.com/news/articles/2021-11-08/pentagon-swoops-in-to-buy-last-of-kind-chips-for-b-2-destroyer?srnd=technology-vp&sref=TBDibEcD
The sound of silence. I hope everything is okay with you.
Manipulation is unreal. I have been in ant out with small scalps. Waiting for the dust to settle for reloading. Thank you JPMorgan!
Possible pre earnings movement start - https://schrts.co/yyqmTgDW
Deep oversold condition IMO - https://schrts.co/QBVSpXqw
Look at the custodian - http://about.ag/SLV/WhosWho.htm
Need to see signals turning up and do not anticipate soon. Daily bias is down - https://schrts.co/NeZJTpNV
Fade into close - https://schrts.co/FJDCGJur
$VIX trend is up - https://schrts.co/rTQuyabK
This isn’t my chart and looks bullish.
https://stockcharts.com/c-sc/sc?s=$SPX&p=60&b=2&g=0&i=p79149161908&a=109653890&r=748
EDIT: I have to agree and think next week will be a strong week. These rinse wash repeats are interesting.
https://schrts.co/KAXDiDiZ
https://schrts.co/fWTFUXMV
Need to get back inside the BB to know direction - https://schrts.co/yYRnVcGy
The daily chart shows weakness - https://schrts.co/snSESVHz
Retesting the 20 - https://schrts.co/tMbSPwZp
Comparing this to GBTC???
https://www.zerohedge.com/markets/bitcoin-opportunity-uranium
A Bitcoin-Like Opportunity In Uranium?
Submitted by Adventures in Capitalism
Last summer, I recognized an odd phenomenon. An obscure entity named Grayscale Bitcoin Trust (GBTC – USA) was slowly cornering the free float in Bitcoin. This was a result of the trust structure where any capital that went in, was converted into Bitcoin, but there was no mechanism in place to ever sell coins and redeem that capital. As a result, GBTC became a growing repository of Bitcoin. At first, it bought a few hundred coins a day, then a thousand, then a few thousand. As the trading volume increased, the inflows also increased. As the inflows increased, the daily bitcoin purchases increased, eventually driving the Bitcoin price higher. As the price went higher, new investors were drawn to GBTC and the inflows accelerated—spinning the flywheel faster. It was so obvious that this would lead to higher prices, that I called it “My Favorite Ponzi Scheme…” Over time, much as I had predicted, these inflows drove the price of Bitcoin and ultimately GBTC dramatically higher. Early this year, I had a well-timed exit for a quick multi-bagger and my capital went onto greener pastures in depressed energy assets.
I bring this all up, as I see a similar phenomenon in uranium—a much smaller and less liquid market, potentially creating a more dramatic effect should inflows accelerate. Long-time readers of this site will remember that I have a sweet spot for Uranium. I wrote about it back in 2019 but sold out during the first quarter of 2020 as the global equity markets collapsed and better opportunities presented themselves. At the time, the thesis, while directionally accurate, didn’t pan out as the supply deficit was insufficient to overcome above-ground stockpiles, capping price discovery.
In the year and change since I sold out, the overall supply deficit has continued to increase, while above-ground stockpiles have continued to be consumed. While uranium aficionados like to fixate on calculating the current deficit to the nearest decimal, for the sake of this post, let’s use some VERY broad numbers. The world is producing roughly 125 million pounds from primary mining, 25 million pounds from secondary sources and consuming roughly 180 million pounds, for an overall deficit of 30 million pounds a year. This deficit will only increase in future years, as additional reactors come online. If you want to quibble with my numbers, quibble away. I know I’m off by a few million pounds, but so is everyone else. No one really knows the true numbers—which is what makes commodity markets so fascinating in the first place. All that matters is that there is a deficit, it’s a big percentage of total production, new mines are not coming online at current prices and existing mines have had years of under-investment—hence production should continue to trail off without new investment.
How large are the above-ground stockpiles? No one knows. All we know is that they’re drawing down rapidly and outside of government entities, most of the stockpiles are spoken for by utilities, which are using their uranium to fabricate finished products for their reactors. However, a new class of investors has entered the market and they’ve completely upended the equilibrium.
Remember, GBTC?? I remember it quite fondly. What if I told you there’s another entity doing the same thing in uranium, but it is cornering the free float at a rate that makes the boys at GBTC look like amateurs? What if the free float is organically shrinking due to the supply deficit? What will happen as institutional investors jam themselves into a far smaller market? Fukit, who cares? Someone intends to conduct this science experiment; consequences be damned. Importantly, this entity is using an At The Market offering (ATM). Hence, it immediately produces free trading shares; increasing trading volume far more rapidly than GBTC with its 6-month hold—making acquisition by institutional investors possible and driving adoption. Basically, it’s GBTC 2.0—issue shares to buy product. Every day. Relentlessly. Except, against a smaller and shrinking asset class.
Remember, no one ever needs a bitcoin. Everyone who is long Bitcoin is a potential seller and on the way up, they’ll all eventually sell. Uranium is different—almost everyone who owns uranium today, owns it because they intend to consume it in their reactors—these owners are all incremental buyers going forward. In a market with a deficit, they’re all implicitly short uranium. With an entity buying up the free float, they’re going to get squeezed. We all know how squeezes work, but I don’t know of any similar scenario where the squeeze was as aggressive or blatant. The utilities are blissfully unaware, they’re eventually going to panic and pay any price for uranium as a reactor that runs out of uranium is just an expensive paperweight.
Sprott Physical Uranium Trust commonly known as SPUT (SRUUF– Canada), is the entity that has upended the uranium market. Since launching its ATM 13 days ago, it has acquired 2.7 million pounds of uranium. This is an average daily rate in excess of 200,000 pounds or roughly a third of global production on an annual basis. If GBTC is the roadmap to follow, as the price of uranium begins to appreciate, the inflows into the trust should accelerate. Interestingly, there are plenty of other entities also purchasing physical uranium, uranium that utilities were counting on for their future needs. The squeeze is on.
As expected, the utilities are blissfully unaware. Surprised?? I’m not. Utilities are quasi-governmental agencies, managed by the types of fukwits who’d work at your local DMV, except they enjoy stock options. The fact that they’ve ignored the coming squeeze shouldn’t be surprising. Inevitably, they’ll demand rate increases to buy back this uranium–it’s not their money anyway. This is your bid at some point in the future.
Commodities are determined by supply and demand. Uranium is a small market at roughly $6.3 billion in annual consumption (180 million pounds at $35/lb). SPUT has raised approximately $85 million in the 13 days since the ATM went live. It’s hoovering up supply and is already struggling to procure pounds, as shown by their increasing cash balance—cash that they’re legally forced to spend. Something is going to give here, and I suspect it’s the price of uranium.
In any case, when I saw the rate at which SPUT was issuing shares, I legged into a rather large pile of SPUT. I’m also long a few producers along with some juniors for extra kick. (Please don’t ask me which—if I wanted to name them, I would have). Uranium just broke out to 5-year highs. New highs bring in publicity, which often brings in new buyers and the cycle repeats. I like buying new highs from a big base—especially with SPUT out there playing Pac-Man. I pulled back my exposure all summer as I was awaiting something interesting. I don’t think I’ll see anything better than uranium for a while. Let’s just say that I’m suddenly back to being VERY fully invested.
3-5-10 averages must line up
Following XLB - https://schrts.co/WnWVbYqr
Sorry if I got you upset with my comments and styles are different.
Averages and a sequence of triggers 3day cross 5 day average...3day cross 10 day average...simple...triggers...
PRICE is the one and only indicator...it sets the other indicators in motion...especially when CCI and Stochastics are both oversold or overbought.
When these 2 indicators are both oversold or overbought= There is a sequence of triggers... price moves above the 3 day average and if sentiment has changed while the 2 indicators. Simple game of chess I'm looking 4-5 moves ahead...if those trigger are not happening I step aside or learn patience...
Looking for next pick list, which one would dismiss or look further….
https://schrts.co/XdVPABzh
or
https://schrts.co/zvcMGiIg
Looks to be recovery on 30 min - https://schrts.co/guJmxCyA
Need follow thru on daily chart. Plenty of stocks to start looking at.
Trend broke 3-5EMA 10SMA - https://schrts.co/xIgCKeWj watching 20 closely
Continued watch SPX VIX AMD AAPL
I've been in loss avoidance for the last couple weeks. I'm out by end of each week, until I see something that changes.
Thanks for running a great board!
We all are still learning. Try this link for more details
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142139565
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142158865
This person passed awhile ago, so where he references a chart they are actually still available if you copy the message and past into a word document. Charts become available.
Let me know if this is helpful.
Watching for trend to confirm with 3 & 5 EMA cross and then 10 SMA cross. The ofther signals should fall in line.
https://schrts.co/PaWHJICU
10 minute chart is garbage
https://schrts.co/sGNgZghk
Following the dollar - https://schrts.co/zcAjrtgn
Interesting chart showing where new normal remains uncharted. Not ready to call top yet.
https://schrts.co/nQajZyWP
NDX - TNA sentiment https://schrts.co/SVeVZPjv
Watching NVDA - NDX sentiment https://schrts.co/nUCxMShV