Nexen Profits Improve Nearly 5% on Modest Sales Growth

Published: February 5, 2015

Nexen Tire Corp. posted 2014 sales of $1.68 billion, a modest 1.7% improve year-over-year.

The South Korean tiremaker said its operating earnings rose 18% in 2014, and its net income for the year improved by 4.7% to $123.6 million.

Nexen said revenue growth was limited by the slow replacement tire market in the U.S. and Europe, but its tire production increased by 7.1% to nearly 35 million units during 2014.

Nexen said it expects stable raw materials prices throughout 2015 based on oil price forecasts, which include a goal of $2.5 billion in sales for 2015.

Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

By Christian Hinton

Published: April 18, 2024

Anyline has received €2.64 million (approx. $2.86 million) administered through the Austrian research promotion agency – Österreichische Forschungsförderungsgesellschaft (FFG) – as a public grant over the last three years to fund research and development of Closed Loop Training (CLT) for artificial intelligence (AI) models that speed the time to accurately capture and digitize analog information.