SES AI Corporation (SES)
SES AI Corporation (SES) is a technology company focusing on the development and deployment of artificial intelligence solutions. The company specializes in creating AI-driven products and services aimed at enhancing efficiency, automation, and data analytics across various industries. SES AI aims to leverage advanced machine learning and data processing techniques to deliver innovative solutions for its clients.
Company News
SES AI's stock jumped 77.7% this week after announcing the launch of Molecular Universe 1.0, an advanced AI software for battery material discovery. The company aims to generate recurring revenue through software subscriptions and expects significant revenue growth this year.
The WAVE Consortium held its first working group meeting, focused on advancing virtualization and interoperability in the satellite communication (SATCOM) industry. The group aims to establish open standards, enable virtualization and automation, and drive innovation in the SATCOM ecosystem.
SES AI Corp's Chief Science Officer, Gan Hong, sold 25,000 shares of Class A Common Stock for around $29,220 under a pre-arranged trading plan. The company has been making progress in electric vehicle and urban air mobility battery technologies, but is facing financial challenges with losses per share and a significant stock price decline.
Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) fell sharply during Monday’s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms. Ultragenyx Pharmaceutical shares dipped 9.4% to $42.46 on Monday. Here are...
Carrier Global, SES AI and Bel Fuse are part of the Zacks Industry Outlook article.