Rosh Haayin, Israel, July 26, 2022 (GLOBE NEWSWIRE) -- RoboGroup T.E.K Ltd. (ROBO (TLV);(ROBOF)) today announced a distribution of $0.0144625 per share of common stock, payable on July 28, 2022, to U.S. shareholders of record at the close of business on February 22, 2022. The distribution was previously announced on February 15, 2022, on Form CB via EDGAR. Important Information RoboGroup T.E.K. Ltd., headquartered in Israel, Rosh Haayin, is engaged in developing, manufacturing and marketing technology training and education products. It offers its products under two business units – industrial training and STEM education. The Company was incorporated in 1982 as a private company

The soaring investor interest in artificial intelligence has propelled a rally in U.S. stock markets, but it has also fueled concerns about a potential AI-bubble burst akin to the dotcom-bubble eruption of the late 1990s. The excitement over AI in recent weeks has sent the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to new highs after gaining more than 50% from an October 2022 low. Meanwhile, the Nasdaq Composite Index, which is tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has soared more than 70% since the end of 2022, Reuters reported. Nvidia and a handful of other giant tech stocks are driving the current market, much in the same way that the “Four Horsemen” C

In a recent report, it was suggested that NVIDIA Corp (NASDAQ:NVDA) has one customer that contributes to a significant portion of its revenue, with Microsoft Corp (NASDAQ:MSFT) being the likely candidate. What Happened: A UBS note speculated that Microsoft might be Nvidia’s largest indirect customer, responsible for 19% of the chipmaker’s revenue in fiscal 2024, reported CNBC. The report highlighted that Nvidia’s revenue is heavily reliant on a few major customers, with Microsoft possibly being the most significant. This revelation comes at a time when Nvidia’s sales are soaring, largely due to the demand for its advanced processors for artificial intelligence technology. Despite th

Artificial intelligence companies have captivated the markets as the proliferation of AI looks to be a major disruptor in several industries. Investors have poured funds into AI exchange-traded funds (ETFs) to diversify their portfolios. The largest AI ETFs are the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) and the ROBO Global Robotics And Automation Index ETF (ASX: ROBO). A question to ask is: Have they beaten the overall market? BOTZ ETF: According to data compiled from etf.com, the BOTZ ETF is the largest AI ETF with $2.76 billion in assets under management. BOTZ has appreciated by 10.63% in year-

Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc (NASDAQ:META) have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments. According to a JPMorgan research report, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:ANET), Coherent Corp (COHR), Dell Technologies Inc (NYSE:DELL) and Lumentum Holdings Inc (NASDAQ:LI). The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:FLEX) and Jabil Inc. (NYSE:JBL). Also Read: ‘Meta Actually Has Major Profit Margins Unlike Tesla’: Redditor Reacts To Stock Drop Fol

U.S. Representative Earl Blumenauer, known for his involvement in health policy, has raised concerns regarding the FDA’s oversight of Elon Musk’s Neuralink.  The lawmaker questioned why the FDA did not inspect the brain implant company before allowing it to conduct human trials. Blumenauer’s inquiry stems from a report by Reuters revealing FDA inspectors’ findings of record-keeping and quality control issues at Neuralink’s facilities.  These findings occurred shortly after the startup obtained clearance to test its brain implants in humans. The concerns were related to animal experiments conducted by the company. Related: First Neuralink Patient Makes ‘Full Recovery’ And Moves Mo

In a recent report, FDA inspectors uncovered deficiencies in record-keeping and quality controls for animal experiments at Elon Musk’s Neuralink.  This revelation comes less than a month after Neuralink announced clearance to proceed with human testing for its brain implants.  Jerry Chapman, a senior quality expert with Redica Systems, a data analytics company specializing in FDA compliance reports, expressed concern, stating that the identified problems indicate a “lack of attention to detail” at Neuralink.  The FDA inspectors flagged issues such as missing calibration records for instruments used in studies and Neuralink’s experiments on hundreds of animals, including monkeys.

The world of robotics is undergoing a seismic transformation, penetrating diverse sectors and revolutionizing industries at an unprecedented pace. Fueled by significant advancements in artificial intelligence (AI) and machine learning, the once-futuristic realm of robots is swiftly becoming a reality. The global robotics technology market size is expected to grow at a CAGR of 14.7% from 2023 to 2032, according to a Precedence Research forecast. The market is set to reach a $283.19 billion in 10 years. AI Plays A Pivotal Role AI’s evolution plays a pivotal role in enhancing robots’ capabilities, allowing them to tackle increasingly intricate tasks. EY strategists note that AI breakth

U.S. Secretary of the Treasury Janet Yellen, who is also the Financial Stability Oversight Council (FSOC) Chair, called AI an "emerging threat" to financial stability. Yellen sees a need to curb the technology's potential market risks. The increasing reliance on this emerging technology is considered a “vulnerability” and Yellen believes existing regulations should be used to curb the potential market risks that financial markets might become exposed to eventually. Related: Artificial Intelligence Pegged As Financial Risk By US Regulators AI Driving Stocks Higher Meanwhile, artificial intelligence (AI) became a household name. It has been driving many technology stocks this year

The potential pause of government services on Oct. 1 casts a shadow on various sectors — not least of which are education and research institutions. Universities, colleges, and other educational entities face disrupted operations. Halted federal funding will stall initiatives, impact students, and hurt research projects. Universities And Colleges: A government shutdown hurts universities and colleges, particularly those reliant on federal funds. Daily operations and long-term projects face disruptions, especially in areas like financial aid, research grants, and federally funded educational programs. The Department of Education could see more than 90% of its staff furloughed accordi

There's no doubt that artificial intelligence is earning a spot in the list of groundbreaking technological revolutions, quickly reaching a podium shared by achievements like the internet and the steam engine. While it's still hard to tell the meat from the hype, a new report is making clear that investors are responding positively to companies embracing AI in their plans, or at least to those raising the AI flag. This could mean that while AI technology is likely to impact the future in many ways, investors could still be responding to new developments with hyped expectations. AI Pays Off For Public Companies: A new report by investment platform Wall Street Zen reveals how companie