|Day's Range||24.28 - 24.28|
SpaceX could one day exceed the biggest legacy aerospace and defense stocks in market capitalization, according to a new Morgan Stanley report.
LAS VEGAS , Sept. 18, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) selected Jim Ullmann, the National Air Traffic Controllers Association's Director of Safety and Technology, as the 2019 Air Traffic ...
(Bloomberg) -- Amazon.com Inc.’s Alexa has mastered Hindi in just a few years.The voice assistant introduced to India in 2017 gets a major local makeover for one of the largest retail markets. From Wednesday, Amazon launches a version that now speaks Hindi and Hinglish -- a unique blend with English. It can also switch automatically between all three. The new, improved Alexa and Echo speakers hit the market in time for the Diwali shopping season.The voice assistant lets customers to ask for music, get Bollywood news, cricket updates and more in Hindi and Hinglish on its Echo and other voice-controlled smart speakers. It will respond in an unmistakably Indian accent to Hinglish questions such as “Alexa, Bollywood ke hottest gane sunao” and “Volume badhao” (to ask for the latest Bollywood hits and increase the volume, respectively). “Alexa, latest cricket score batao” yields the latest scores.Technology giants from Apple Inc. to Google are targeting this nation of 1.3 billion people by training virtual assistants in the heterogeneity of its languages and subcultures. Alphabet Inc. too has introduced a Hinglish-speaking Google Assistant, while Apple has hired native speakers to evolve and enrich Siri. In Amazon’s case, Alexa may prove key in a battle against Walmart Inc. in one of the world’s fastest-growing e-commerce arenas, a battle the Seattle online retailer has staked at least $5.5 billion on.Until now, Amazon’s virtual assistant had a limited vocabulary of names, places and popular songs in Hindi and a few others of the country’s roughly one dozen official languages.Read more: Amazon Teaches Alexa to Speak Hinglish. Apple’s Siri Is NextUnderstanding Hindi and Hinglish is critical for companies targeting first-time internet users in the countryside, who are coming online rapidly thanks to cheap devices and cut-rate wireless data. The Hindi internet user base will outgrow India’s English internet users by 2021, according to consultancy KPMG. But even Hindi has dozens of dialects and regional variations.“Hindi changes every 100 kilometers or so,” Rohit Prasad, Amazon’s head scientist of Alexa AI, said in an interview. Alexa can handle varied regional accents and dialects. “Alexa has an Indian personality.”Prasad, 43, grew up in Ranchi in India’s Hindi-speaking heartland, hailing from a family of engineers. Computers were still new then and as a teenager, he abandoned cricket games to run home and catch Star Trek episodes on the government-run TV channel. “It was in the realm of science-fiction then but I was endlessly fascinated by computers and humans communicating with each other.”He studied engineering in the same city before heading to the Illinois Institute of Technology, later working in speech recognition at Raytheon before joining Amazon in 2013. “Having grown up in diverse India, it was indelibly etched in my brain that Alexa has to work for everyone, and not just English speakers,” said Prasad, clad in a casual shirt and jeans and seated in a hotel conference room in New Delhi. “It’s a daunting task.”For instance, the virtual assistant was trained to differentiate between the oft-used Hindi word “achcha” or “okay,” which can sound close to its wake word. In many households, a single conversation can have Hindi and English words liberally interspersed. Alexa will be able to respond in either language without the user having to change settings. The AI will keep learning and improving with time, he said. Alexa in Hindi will also be available on Bose smart speakers, and soon in brands like Motorola and Sony.“It took me 20 years to get here,” Prasad said. “There’s a big deep learning wave right now and if I think of something new in conversational AI, I know I have a fighting chance of getting it right.”To contact the reporter on this story: Saritha Rai in Bangalore at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Raytheon Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Raytheon stock was downgraded at Sanford Bernstein a day after getting upgraded at J.P. Morgan. Blame it on “deal limbo.”
U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp surge in crude prices lifted beaten-down energy stocks and kept losses in check. Shares of Apache Corp, Marathon Oil Corp and Hess Corp jumped between 10% and 13% and were the leading gainers on the benchmark index. Anticipation of higher fuel costs drove down shares of airlines and cruise line operators with the S&P 1500 airlines shedding 2.20% while Carnival Corp fell 2.8%.
Raytheon stock was rising on Monday, following an upgrade from J.P. Morgan, which argues that the shares look cheap, especially considering the benefits of its coming combination with United Technologies.
DULLES, Va. , Sept. 16, 2019 /PRNewswire/ -- A Raytheon Company (NYSE: RTN) team recently conducted a rapid set up demonstration of a land-based expeditionary version of its Joint Precision Approach and ...
New, smaller weapon increases firepower and maneuverability TUCSON, Ariz. , Sept. 16, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is developing a new medium-range, air-launched weapon called the ...
Raytheon's (RTN) Common Sensor Payload is an electro-optical/infrared sensor system for the U.S. Army's MQ-1C Gray Eagle unmanned aircraft system.
J.P. Morgan, citing growing bullishness about Raytheon's pending merger with peer United Technologies, boosted its target price on the defense giant's stock to $230 from $225.
President Trump 'fast-tracked' the drone delivery industry, according to one executive, as Amazon, UPS and others enter the space.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of United Technologies Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Hypersonic weapons are at the top of the Army's weapons procurement agenda, Ryan McCarthy said during his Senate confirmation hearing to be the next Army secretary.
She is one of eight people who will be recognized by the Puget Sound Business Journal at the third annual Director of the Year Gala on Sept. 12.
After a bull market that's now the longest on record, you might think that nothing is cheap anymore. How one precisely defines "cheap" can vary from person to person. But for many, cheap stocks are simply those with solid fundamentals that have either been overlooked by the market or excessively knocked down by bad news.The one game you don't want to play is buying stocks just because they have fallen in price. While some may truly be great bargains, others fall for good reason. That reason can be anything from failing business models and weak management to overwhelming legal issues, changing tastes and obsolete technology.To separate the wheat from the chaff, we've asked a group of investment managers and market experts which stocks are in the "good bargain" category, which means they're down in price but still fundamentally sound and growing.Here are seven of their favorite cheap stocks to buy. Most of the names are familiar, which will provide an additional level of comfort. However, they all share a common thread of being down but far from out. SEE ALSO: 50 Top Stocks That Billionaires Love
Companies will deliver the new Mode 5 version for Korean military ABERDEEN, Md. , Sept. 10, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Hanwha Systems signed a technical cooperation agreement ...
Platform firings reduce soldier exposure REDSTONE ARSENAL, Ala. , Sept. 10, 2019 /PRNewswire/ -- The Javelin™ Joint Venture team, a partnership of Raytheon Company (NYSE: RTN) and Lockheed Martin (NYSE: ...
Boston Properties has acquired the 28-acre Waltham Woods office campus from Boston-based AEW Capital Management for a combined $106 million, according to Middlesex County deed records. Boston Properties (NYSE: BXP) acquired 880 and 890 Winter St.
The Navy has deployed a new stealth missile from Raytheon to the Pacific, where territorial disputes have escalated regional tensions.