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☆ Taser maker Axon raises full year revenue outlook
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The headquarters for Axon Enterprise Inc, formerly Taser International, is seen in Scottsdale, Aizona, U.S., May 17, 2017. REUTERS/Ricardo Arduengo Acquire Licensing RightsNov 7 (Reuters) - Taser maker Axon Enterprise (AXON.O) on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10. The company now expects full-year revenue of about $1.55 billion, compared with its previous forecast of $1.51 billion to $1.53 billion. Axon's international revenue jumped 52% in the third quarter on the back of increased presence in Europe following the acquisition of Brussels-based Sky-Hero in June. The company posted total quarterly revenue of $413.6 million, compared with estimates of $391.1 million in the quarter.

Persons: Ricardo Arduengo, Aishwarya Jain, Shounak Dasgupta Organizations: Enterprise Inc, REUTERS, Thomson Locations: Scottsdale, Aizona, U.S, North America, Europe, Australia, Brussels, Arizona

☆ At Taser maker Axon, ex-staff say loyalty meant being tased, tattooed
▼ + stars: | 2023-08-30 | by ( Scottsdale | ) www.reuters.com time to read: +34 min

Reuters also interviewed 63 current and former Axon employees, including nine former executives. No one with whom Reuters spoke was aware of deaths or lawsuits stemming from tasings of Axon staff. Axon has faced fewer lawsuits since 2009, the year it introduced a new Taser model with a lower charge. Screenshots from an Axon promotional video show CEO Rick Smith taking a Taser hit in 1993, the year he co-founded the business. And that’s off-putting.”Gorman, the former Axon lawyer, said he “vividly” remembers an executive asking him if he was going to be tased.

Persons: Ross Blank, Blank, Steve Tuttle, Shawn Gorman, ”, Jennifer Chatman, Rick Smith, Andrea James, ” James, Axon’s, tasings, ” Blank, Tuttle, Staff tasings, “, Valencia Gibson, Gibson, Reuters –, Axon’s “, Bro, Josh Isner, Isner, James, –, Ann Rosenthal, Rosenthal, ” Rosenthal, Sigma Chi, Smith, ” Smith, ” Michael Church, Hans Marrero, Marrero, ” Marrero, “ I’m, ’ ” Smith, “ It’s, ” Gibson, ” ‘, impressionable, squinting, Keara, Rylan, Mihir Shah, ” Shah, Mario Barth, “ Willing, It’s, Isaiah Fields, Wayne Guay, Lamar Cousins, Cousins, Kevin De Rosa Jr, De Rosa, ” Isner, Smith’s, De Rosa bellowed, They’re, ” Gorman, You’re, Jeffrey Dastin, Paresh Dave Art, John Emerson, Julie Marquis Organizations: Enterprise Inc, Reuters, Haas School of Business, University of California, Staff, Scottsdale, Yorker, U.S . Securities, Exchange Commission, . Occupational Safety, Health Administration, federal, Safety, Health, Labor, Sigma, Harvard, Sigma Chi, Boston Magazine, Harvard’s Sigma Chi, U.S . Marine Corps, YouTube, Employment, Los, Keara Berlin, ” Employees, Los Angeles Police Department, Wharton School, University of Pennsylvania, strapping, Culture Locations: Berkeley, Rome, United States, Arizona, U.S, Las Vegas, Los Angeles, “, Berlin, Sacramento, San Jose , California, tasings, Mandalay, Scottsdale, wasn’t

☆ OpenAI launches ChatGPT Enterprise for
▼ + stars: | 2023-08-28 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

OpenAI unveiled the new service, dubbed “ChatGPT Enterprise,” in a company blog post and said it will be available to business clients for purchase as of Monday. Before the launch of ChatGPT Enterprise, a number of prominent companies including JPMorgan Chase had implemented temporary restrictions on workplace use of ChatGPT. ChatGPT Enterprise, however, addresses one of the core issues that led to the workplace clampdowns: privacy and security concerns. OpenAI’s announcement blog post for ChatGPT Enterprise, meanwhile, states that it does “not train on your business data or conversations, and our models don’t learn from your usage.”OpenAI did not publicly disclose the pricing levels for ChatGPT Enterprise, instead asking potential business clients to contact its sales team. “We look forward to sharing an even more detailed roadmap with prospective customers and continuing to evolve ChatGPT Enterprise based on your feedback,” the company said.

Persons: OpenAI, JPMorgan Chase, “ We’re onboarding, ”, It’s Organizations: CNN, ChatGPT Enterprise, Companies, Fortune, ChatGPT, JPMorgan, Microsoft, Bing Locations: America, ChatGPT, OpenAI

☆ OpenAI launches ChatGPT Enterprise, the company's biggest announcement since ChatGPT's debut
▼ + stars: | 2023-08-28 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

OpenAI on Monday announced its biggest news since ChatGPT's debut: It's launching ChatGPT Enterprise, the AI chatbot's business tier, available starting Monday. ChatGPT Enterprise includes access to GPT-4 with no usage caps, performance that's up to two times faster than previous versions, and API credits. One key differentiator between ChatGPT Enterprise and the consumer-facing version: ChatGPT Enterprise will allow clients to input company data to train and customize ChatGPT for their own industries and use cases, although some of those features aren't yet available in Monday's debut. When asked how ChatGPT Enterprise compares with Bing Chat Enterprise, Microsoft's enterprise AI chatbot, an OpenAI representative told CNBC, "This is an OpenAI product independent of Microsoft. The biggest obstacle to ChatGPT Enterprise's development was figuring out how to prioritize features, Lightcap told CNBC.

Persons: OpenAI, Brad Lightcap, Lightcap, Estée Lauder Cos, Andreessen Horowitz, Brian Burke, ChatGPT, Bard chatbot, Bing, Claude 2, Sam Altman, — Organizations: Monday, ChatGPT, CNBC, ChatGPT Enterprise, Beta, Microsoft, Sequoia Capital, Gartner, Fortune, Google

The one unanimous conclusion they came to was that Beijing wants a greater state presence in these sectors. Kroeber says the crackdowns are about "defining what the state does, what the private sector does, and creating a more limited sandbox for the private sector to play in." That has left investors now picking the state over the private sector. The CCP's July Politburo meeting reinforced the message, with the top policymaking body pledging to put a floor under the property sector, help indebted local governments heal and boost consumer demand. Huang Yan, general manager of private fund manager Shanghai QiuYang Capital Co, said Beijing will crack down on any sector seen as increasing people's economic burden.

Persons: Aly, Jack, Arthur Kroeber, Kroeber, Zhang Kexing, Xi Jinping, Mao Zedong's, Thomas Masi, Masi, Xi, Nuno Fernandes, Fernandes, Huang Yan, Huang, Kumar Pandit, Pandit, Jason Xue, Ankur Banerjee, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Rights, Ant Group, CSI Medical Services, Beijing Tongrentang, HK, Poly, Beijing Gelei Asset Management, Communist Party's, Investors, Mao Zedong's Marxist, Boston, K Investment Management, Shanghai QiuYang, Somerset Capital, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONGKONG, Beijing, New York, London, Singapore

☆ Vietnam’s Tesla debuts with wrong kind of power
▼ + stars: | 2023-05-15 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

Vietnam’s richest man is taking his electric-vehicle company, VinFast, public at a punchy valuation through a merger with casino mogul Lawrence Ho’s special-purpose acquisition company. The tie-up with Black Spade Acquisition Co (BSAQ.N) means VinFast doesn’t have to wait for the market for initial public offerings to improve to make its debut. The SPAC deal values VinFast at 42 times its sales in 2022, a stunning seven times Tesla’s (TSLA.O) multiple and more than twice the multiple of Lucid (LCID.O). But despite the big eye-catching U.S. debut, existing investors will own 99% of the company after the deal. The merger values the Tesla challenger’s equity at $23 billion, not including the $169 million of Black Spade’s cash, and its enterprise including debt at about $27 billion.

[1/2] The U.S. Supreme Court building is seen in Washington, U.S., April 6, 2023. Two laws, the Federal Trade Commission Act and the Securities Exchange Act, funnel judicial review of adverse agency orders to federal appeals courts only after those orders become final. The Supreme Court's conservative justices have signaled wariness toward expansive federal regulatory power and the previously recognized duty of judges, under Supreme Court precedent, to give deference to that authority. Federal agencies have had their powers curtailed in recent Supreme Court rulings. Axon sued the FTC in 2020 in federal court in Arizona following an investigation by the agency into its 2018 acquisition of Vievu, a rival body-camera provider.

☆ Cramer's lightning round: I'm very concerned about Veru
▼ + stars: | 2023-01-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Veru Inc : "I'm very concerned about it." I think we're going to have to take a major league pass." Suburban Propane Partners LP : "[The] propane market is historically, let's say, too volatile and erratic for me." Loading chart...Axon Enterprise Inc : "It's a terrific law enforcement package that I think is really good for everybody. Loading chart...Nuscale Power Corp : "If you want small, nuclear modular reactors, I'm going to have to say, the Constellation Energy group.

☆ Cramer's lightning round: Northern Oil and Gas is not a buy
▼ + stars: | 2022-11-09 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Northern Oil & Gas Inc : "I'd rather see you in something that right now, works." That's way too high." Loading chart...Energy Transfer LP : "It's got a nice yield. I do like the pipeline companies very much. Loading chart...Tellurian Inc : "I believe that it is a call option on natural gas."

[1/3] A man rides a scooter past the front of the U.S. Supreme Court building in Washington, U.S. September 30, 2022. conservative Justice Samuel Alito asked Malcolm Stewart, a lawyer for the Department of Justice representing both commissions. The Supreme Court's conservative justices have signaled skepticism toward expansive regulatory power and the duty of judges, under Supreme Court precedent, to give deference to that authority. She told Stewart that of the three factors relevant to the case under a Supreme Court precedent, "two factors are pretty darn bad for you." Axon sued the FTC in 2020 in federal court in Arizona following an investigation by the agency into its 2018 acquisition of Vievu, a rival body-camera provider.

☆ Supreme Court Hears Challenges to FTC and SEC In-House Courts
▼ + stars: | 2022-11-07 | by ( Jan Wolfe | Dave Michaels | ) www.wsj.com time to read: 1 min

The Federal Trade Commission is one of the agencies that use administrative courts in which judges rule on the legality of mergers and make other decisions. WASHINGTON—The Supreme Court on Monday will hear arguments over the Federal Trade Commission’s authority, the latest case before the high court that seeks to rein in federal agency power. The justices will hold an oral argument in Axon Enterprise Inc. v. Federal Trade Commission, a lawsuit brought by the maker of Tasers and other police equipment against the antitrust enforcement agency.

[1/3] A man rides a scooter past the front of the U.S. Supreme Court building in Washington, U.S. September 30, 2022. The Supreme Court has a 6-3 conservative majority. Its conservative justices have signaled skepticism toward expansive regulatory power and the duty of judges, under Supreme Court precedent, to give deference to that authority. Axon sued the FTC in 2020 in federal court in Arizona following an investigation by the agency into its 2018 acquisition of Vievu, a rival body-camera provider. Cochran sued in 2019 to stop the enforcement action, like Axon contesting the SEC's in-house judges under Article II.

The Supreme Court in June announced it would hear the case in its new term, which begins on Monday. This showed the increasing willingness of its 6-3 conservative majority take on divisive issues as it steers the court on a rightward path. According to Irv Gornstein, executive director of Georgetown University Law Center's Supreme Court Institute, Kavanaugh now wields outsized influence over the speed and limits of the court's rightward shift. In its most recent term, there were 14 rulings decided on a 6-3 tally with the conservative justices on one side and the liberals on the other. The court appears likely to continue to take up cases particularly important to conservatives, Feldman said.

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