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Search resuls for: "Intelligent Solutions"


5 mentions found


☆ How Deere is preparing for a fully autonomous farm by 2030
  + stars: | 2023-12-01 | by ( Kiley Lambert | ) www.cnbc.com   time to read: +6 min
Jahmy Hindman is senior vice president & chief technology officer of Deere & Company , a position he has held since July 2020. The best example of this is our See & Spray technology. Before AI, farmers had to spray the entire field to get rid of the weeds. AI will also help us reach our goal of creating a fully autonomous production cycle for corn and soybean farmers by 2030. An example of this is the ability to retrofit See & Spray technology onto a sprayer built in 2018.
Persons: Jahmy Hindman, Hindman, John Deere, we've, we'll, we're, It's, it's Organizations: Deere & Company, Solutions, CNBC, Summit, Technology, Big Tech, Hindman : Technology, Deere Locations: Hindman
☆ Exclusive: Advent explores sale of car insurance software vendor CCC
  + stars: | 2023-09-15 | by ( Milana Vinn | Thomson Reuters | Milana Vinn Reports On Technology | ) www.reuters.com   time to read: +1 min
CCC shares jumped on the news in afterhours trading in New York on Friday, rising 8.6% to $12.50. Founded in 1980, CCC provides software to 35,0000 companies involved in automotive claims and collision repair, including insurance firms, parts suppliers and car manufacturers. Advent, which acquired CCC from private equity firms TPG Inc (TPG.O) and Leonard Green & Partners in 2017, took CCC public through a merger with a blank-check company in 2021 at a $6.5 billion equity valuation. CCC shares have risen 32% year-to-date, more than the broader market but less than the S&P 500 software application index, which has risen 43%. CCC suffered from a drop in car insurance claims during the COVID-19 pandemic but has since seen business gradually recover.
Persons: Morgan Stanley, Leonard Green, Milana Vinn, Diane Craft Organizations: Intelligent Solutions Holdings Inc, Investment, TPG Inc, Leonard Green & Partners, CCC, Thomson Locations: New York
☆ These stocks could be the biggest winners and losers as oil prices rally again, history shows
  + stars: | 2023-09-06 | by ( Nick Wells Pia Singh | Nick Wells | Pia Singh | ) www.cnbc.com   time to read: +3 min
For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. Higher oil prices could add to inflationary pressure and feed central bankers' decisions on interest rates. Higher correlation between oil prices means good news for some companies, however. The 10 most positively correlated stocks to oil are energy names, which tend to rise when oil prices get a boost. Molson and Monster have slipped 5.6% and 2.2%, respectively, during the current quarter, while PepsiCo is off more than 5%.
Persons: Brent, WTI, Russell, Molson Coors Organizations: West Texas, CNBC, Oil, Diamondback Energy, Devon Energy, APA, Diamondback, Halliburton, Insurance, CCC Intelligent Solutions Holdings, . Beverage, Molson, Monster, PepsiCo, Bank of Canada, Manhattan Associates, Cadence Design Systems, chocolatier Hershey Locations: Saudi Arabia, Russia, Devon, American
☆ A Rivian owner was in a fender bender. The repair bill was $42,000.
  + stars: | 2023-07-14 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
A Rivian owner said repairs cost $42,000 for his R1T after a fender bender, according to The New York Times. But, after the electric car was taken to a repair shop that was certified to work with Rivian products the cost jumped to $42,000, the publication said. The repair cost over half the starting price of the vehicle. Last year, a study from CCC Intelligent Solutions found that on average EV repairs cost more than repairs for gas-powered cars. Another report from Mitchell that was cited by the Times found that last year EV repairs cost about $2,400 more than fixes for traditional combustion-engine vehicles.
Persons: Chris Apfelstadt, he'd, Noe Mejia, it's, Mitchell, Alexa St, John, Insider's Nora Naughton Organizations: The New York Times, Times, New York Times, Intelligent Solutions, Tesla Locations: Columbus , Ohio, North America, Ohio
☆ Goldman Sachs says this AI software stock is one of the few names 'where demand is stable'
  + stars: | 2022-11-07 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
An under-the-radar software name has managed to stand out among its peers – all because of its focus on auto insurance – and it still has room to grow. The software company also said the next quarter is expected to bring another beat on EBITDA and on-target revenue. Big Tech names including names including Microsoft and Meta both saw shares fall after reporting as both issued weak future outlooks . She specifically noted that auto insurance and car accidents do not become less apparent or needed during an economic downswing. To be sure, Borges said the company's future performance could be affected by inflation within auto insurance companies, increased competition or impacts from litigation.
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