Author: Lily Evans
Many bankers have been relocating to the UAE recently, and bank technologists are following suit: Bank of America's global head of technology for its central risk book is leaving in June for Abu Dhabi.Click here to sign up for our technology newsletter 🔧Rahul Munke will join Abu Dhabi Investment Authority (ADIA) as part of the Q Group quantitative team. Sovereign wealth funds have tracked a number of senior bankers over the past year, including a Deutsche Bank quant and a Goldman Sachs MD.Mr. Mandke has been with Bank of America for six years, including four as a director, but has…
David Eben put it well: “Volatility is not a risk we care about.” Our focus is to avoid permanent loss of capital. '' It's only natural to consider a company's balance sheet when you consider how risky it is, because debt is often involved when a business collapses. Like many other companies Tetra Tech Co., Ltd. (NASDAQ:TTEK) uses debt. But should shareholders be worried about the use of debt? Why does debt pose a risk? Generally, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow.…
The news about the tech industry has been pretty somber lately as the industry faces a recession. But not all tech sectors are the same, or facing the same challenges. The situation is a little brighter in Texas, where the tech industry accounts for nearly 5% of the state's GDP and more than 9% of jobs, according to a new report from the Dallas Federal Reserve. Luis Torres, senior business economist at the Dallas Fed, said the Texas economy has gone far beyond the old stereotypes of oil, cotton and cattle. “Texas' high-tech sector growth and job growth are growing…
Duck Creek TechnologiesThe pinnacle of global insurance and technology innovators converge in Dallas, TexasBOSTON, May 22, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies, an intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is launching Formation '24. The event will be held at the Omni Dallas Hotel in Dallas, Texas.This year's theme, “Simplifying Together,” focuses on working with customers and partners to simplify the complexities of insurance. Formation '24 is an unparalleled event experience featuring rich content, extensive industry networking opportunities, and memorable activities.Simplify together with Formation '24Formation '24 will feature Duck Creek leaders providing…
French car giant Peugeot told CNBC that it is partnering with German startup Vay to test the use of “teledriving” technology. Unlike autonomous cars, which can drive themselves without a human operating the vehicle, remote-driven cars are driven remotely by a human operator. Peugeot is considering equipping its E-3008 electric SUV and some electric vans with this technology. PARIS, France — French auto giant Peugeot told CNBC this week that it is partnering with German mobility startup Vay to integrate so-called “teledriving” technology, an alternative to self-driving cars, into its vehicles. The agreement will see the companies evaluate the use…
When Vamsi Krishna Ginna began her graduate studies in computer science at the University of Maryland, Baltimore County (UMBC), she was looking for an internship that would provide hands-on experience in software development. He previously worked in product maintenance for several companies in Hyderabad, India, but wanted to move into something more creative. He learned a lot in his classes at UMBC, but he needed work experience. That's where the Maryland Technology Internship Program (MTIP) came in handy. The program, launched by the university in 2018, provides funding for Maryland technology companies to hire interns from the state's universities. Now,…
Devan Cambridge's time with the Texas Tech basketball team was anything but ordinary.The 6-foot-8 forward started the Red Raiders' first eight games of the 2023-24 season, using his athleticism and speed to become a key component of the small-ball look. Then, in a non-conference home game against Omaha on Dec. 6, Cambridge suffered what ultimately became a season-ending knee injury, the first significant injury of his playing career.Cambridge told the Avalanche Journal in February that he intended to return to the Red Raiders for his sixth year of college basketball. He played three years at Auburn and one year at…
key insightsDoes Made Tech Group Plc's (LON:MTEC) May share price reflect the company's true value? Today we will predict future cash flows and discount them to their current value. Estimate the intrinsic value of a stock. The analysis uses a discounted cash flow (DCF) model. Such a model may seem incomprehensible to a layman, but it is fairly easy to understand.We generally think of a company's value as the present value of all the cash it will generate in the future. However, DCF is just one metric among many, and it is not without its flaws. If you still have…
Sarah WuBEIJING/SHANGHAI (Reuters) – Shares in Chinese electric car maker Xpeng soared on Wednesday after it reported rising revenue from research and development services provided to Volkswagen and upbeat comments about the company's goal of improving autonomous driving technology.Xpeng deepened its partnership with VW in April to co-develop EV architecture, largely due to first-quarter service revenue nearly doubling year-on-year to 1 billion yuan ($138 million). He said this was thanks to these research and development services.This helped Xpeng's gross margin rise to 12.9%, compared with 1.7% in the same period last year and 6.2% in the fourth quarter.Xiaopeng also emphasized…
Written by Sarah WuBEIJING/SHANGHAI (Reuters) – Shares in Chinese electric car maker Xiaopeng Automobile rose on Wednesday following optimistic comments about rising revenue from research and development services it provides to Volkswagen and targets to improve self-driving technology. It soared more than 10%.Xpeng deepened its partnership with VW in April to jointly develop EV architectures, and said these research and development services were mainly behind its first-quarter service revenue nearly doubling to 1 billion yuan ($138 million) from the same period last year.As a result, Xpeng's gross profit margin increased to 12.9% from 1.7% in the same period last year…