Latest news with #Hexagon
Business Wire
2 days ago
- Business
- Business Wire
Hexagon and Management Controls Inc. Launch Integrated EcoSys™ + myTrack Integrated Solution to Transform STO and Capital Project Performance
HOUSTON--(BUSINESS WIRE)--Hexagon's Asset Lifecycle Intelligence division, a global leader in enterprise project performance solutions, and Management Controls Inc. (MCi), a global leader in contractor data and spend management solutions, today announced the official launch of the EcoSys + myTrack integrated solution. This collaboration delivers a powerful integration that enables real-time cost and progress visibility across shutdowns, turnarounds, and outages (STO), and capital-intensive projects. 'With this integration, project leaders don't have to wait 30, 60, or 90 days to discover issues –they can respond in real time with confidence. It's about moving from reporting to real-time action.' - Ken Naughton, President, MCi Share The new integrated solution combines Hexagon's EcoSys platform with MCi's myTrack platform, which automates the collection and validation of actual contractor labor, equipment, and material data from the field. The result is a seamless data pipeline that delivers trusted daily actuals with the velocity needed to act, not just analyze, empowering organizations to make decisions that change outcomes in real time, not after the fact. 'We're incredibly excited to partner with MCi,' said Corey Short, Vice President, Portfolio Strategy & Enablement, Project Planning and Execution. 'The launch of our integrated EcoSys + myTrack solution enhances how customers manage STOs and capital projects by providing actionable, real-time field visibility.' 'This is about accuracy, visibility, and velocity of data,' said Ken Naughton, President of MCi. 'With this integration, project leaders don't have to wait 30, 60, or 90 days to discover issues –they can respond in real time with confidence. It's about moving from reporting to real-time action.' Designed with implementation expertise from FTI Consulting, the turnkey integrated solution is already seeing strong traction among clients managing complex capital and turnaround portfolios. Key capabilities include: Daily actuals for labor, equipment, and materials SPI/CPI and burn rate metrics within hours of shift completion Real-time vendor performance tracking by crew, skill, or PO Full alignment across industry-leading scheduling, Enterprise Resource Planning (ERP) systems, myTrack, and EcoSys MCi and Hexagon announced the EcoSys + myTrack integrated solution last month at Hexagon LIVE Global 2025 in Las Vegas, where it drew significant interest from industry leaders in energy, chemicals, construction, and manufacturing. Live demonstrations highlighted how the integration empowers teams to proactively course correct, improve forecasting accuracy, and eliminate billing surprises with real-time visibility into contractor performance. About Hexagon Hexagon's Asset Lifecycle Intelligence division helps clients design, construct, and operate more profitable, safe, and sustainable industrial facilities. We empower customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity, and move the sustainability needle. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at and follow us @HexagonAB. About Management Controls Inc. (MCi) MCi empowers companies to maximize visibility, control, and productivity across their contractor workforce and spend. MCi's myTrack platform delivers automated contract compliance and a unified, real-time view of labor, equipment, and materials costs—enabling smarter, safer execution of maintenance, turnarounds, capital projects, and daily operations. With the addition of MCi's Insights-as-a-Service and managed services, organizations can tap into more than 35 years of expertise to drive even greater value from myTrack and unlock new opportunities to boost site performance and efficiency. myTrack is deployed across the globe at over 400+ industrial sites. About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year 2024. More information can be found at
Express Tribune
06-07-2025
- Automotive
- Express Tribune
Nvidia unveils AEON humanoid robot in bid to expand AI power
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, US March 18, 2025. PHOTO: REUTERS Listen to article Nvidia has unveiled its most audacious leap yet—into humanoid robotics. Speaking at the VivaTech conference in Paris last month, CEO Jensen Huang introduced AEON, a full-stack humanoid robot developed in partnership with Swedish engineering firm Hexagon. More than a showpiece, AEON is fully built and operational, positioning Nvidia to extend its dominance from artificial intelligence into the physical world. 'Robotics may become the largest industry in the world,' Huang told the audience in Paris, signalling Nvidia's next frontier. Huang, who once faced skepticism over Nvidia's aggressive AI roadmap, now presides over a company that has become synonymous with the technology. But AEON marks the beginning of what he calls a broader revolution—one that blends Nvidia's AI chips, sensors, simulation software, and robotics platforms into a single end-to-end ecosystem. The company's robotics and automotive division generated $1.7 billion in revenue last year. Analysts expect that figure to soar to over $7.5 billion by the early 2030s, with AEON possibly accelerating those estimates. Read More: Nvidia unveils personal AI supercomputer Project DIGITS at CES 2025 Wall Street is taking notice. Nvidia is now just $50 billion shy of surpassing Microsoft's all-time market valuation, a milestone that could be reached within days. The firm's stock has already climbed 19% this year, despite early headwinds from US chip export restrictions to China. 'Investors are no longer just betting on Nvidia's chips,' one analyst noted. 'They're buying into the future of automation.' Traditionally, Nvidia's strongest financial performance arrives in the fourth quarter—averaging 23% growth, according to Dow Jones data. With AEON's high-profile debut and growing industry buzz, that trend may continue, potentially propelling the company past the $4 trillion valuation mark. The next industrial revolution? As tech rivals such as Apple and Amazon experience plateauing growth, Nvidia is charting new territory. AEON isn't just a robot—it's a symbol of Nvidia's evolving mission: building machines that think, see, and work in the real world. With Huang at the helm, the company that once redefined graphics processing is now positioning itself to reshape the very fabric of work and industry.
Time of India
05-07-2025
- Automotive
- Time of India
$3.89 trillion Nvidia just set its sights on robots from silicon, CEO Jensen Huang says it's the future
Nvidia Nears $4 Trillion as CEO Jensen Huang Sets Sights on Humanoid Robots- Nvidia (NVDA) is no longer just the leader in artificial intelligence chips—now, it's going after something even bigger: humanoid robotics. This week, Nvidia's market cap reached a staggering $3.89 trillion, bringing it within striking distance of Microsoft's all-time peak valuation. But beyond the numbers, what's really catching attention is CEO Jensen Huang's bold new direction. Speaking at the VivaTech conference in Paris, Huang didn't just talk about the future—he unveiled it. He introduced AEON, a full-stack humanoid robot built in collaboration with Swedish firm Hexagon (HXGBY). This isn't a prototype or lab concept. AEON is real, built, and aimed at practical use across industries. Could robotics become Nvidia's next trillion-dollar industry? Just a few years ago, AI seemed like a moonshot. Today, Nvidia owns the space. Now, Huang believes robotics could be even bigger—'the largest industry in the world,' as he put it in Paris. And he's putting real resources behind that vision. In fiscal 2024, Nvidia's robotics and automotive division earned $1.7 billion. According to analyst estimates, that number could skyrocket to $7.55 billion by early 2030s. If AEON and similar platforms find commercial success, that forecast might even prove conservative. The pivot to robotics isn't just speculative—it's already in motion. With Nvidia's software, sensors, and chips powering the hardware, the company is building a complete robotics ecosystem, not just a single product. Live Events How close is Nvidia to overtaking Microsoft in market value? As of this week, Nvidia is only $50 billion behind Microsoft (MSFT), the current record-holder for public market valuation. With Nvidia's stock already up 19% this year, that gap could close at any time—possibly even within days. This rise comes despite earlier turbulence. U.S. restrictions on chip exports to China hit Nvidia's business temporarily, causing a short-term dip. But the rebound was swift, and the company now sits at the top of global markets. Investors are betting on more than just AI chips—they're buying into Nvidia's next chapter, which includes robotics, automotive tech, and full-stack AI platforms. Is seasonality about to boost Nvidia's stock even higher? History suggests Nvidia could be in for an even bigger rally. According to Dow Jones data, Nvidia stock tends to gain around 4% in Q3, but in Q4, the average gain jumps to 23%. That pattern, combined with growing excitement around robotics, could fuel a breakout toward the $4 trillion mark—or beyond. These trends give Nvidia a unique edge. While other tech giants like Apple and Amazon are maturing, Nvidia continues to open new growth frontiers, giving investors reasons to stay bullish. What makes AEON different from other robots? Unlike many robotics projects that remain stuck in development, AEON is already functional. Developed jointly with Hexagon, it's part of Nvidia's Project GR00T, an initiative aimed at building intelligent humanoid robots for real-world tasks. AEON runs on Nvidia's full-stack AI platform, combining powerful chips, vision sensors, simulation software, and robotics AI. This end-to-end integration gives AEON a significant edge—it's not just hardware or software, it's both, working together. Huang's plan isn't just to make robots that move. He wants them to see, think, learn, and work, potentially transforming industries from manufacturing to healthcare. Nvidia (NVDA) data table for today: Metric Value Stock Price $159.34 (+$2.05, +1.3%) Market Capitalization $3.89 trillion Intraday High / Low $160.95 / $156.60 YTD Stock Gain +19% Automotive & Robotics Quarterly Rev. $567 million (↑ 72% YoY) FY24 Robotics & Automotive Rev. $1.7 billion Projected 2030s Robotics Rev. $7.55 billion Is Nvidia's future more than just silicon? That's the real story here: Nvidia is evolving beyond chips. After scaling the summit of the AI industry, the company is now positioning itself to shape the next wave of intelligent technology. Other firms might focus solely on software or chips. Nvidia, under Huang's leadership, is building full ecosystems. That includes not just GPUs, but also AI models, simulation engines, and robotics frameworks. And it's not stopping there. With new partnerships, deep-pocketed R&D, and unmatched AI leadership, Nvidia may not just lead the robotics era—it could define it. Is Nvidia just getting started? It sure looks that way. With its market cap nearing $4 trillion, robotics revenues set to multiply, and CEO Jensen Huang driving bold innovation, Nvidia seems poised for another massive leap. The question now isn't whether Nvidia can catch Microsoft—it's what comes next after it does. If history is any guide, humanoid robots could be just the beginning. FAQs: Q1. What is Nvidia AEON humanoid robot? Nvidia AEON is a full-stack humanoid robot developed with Hexagon for real-world use. Q2. Is Nvidia entering the robotics industry? Yes, Nvidia is expanding beyond AI chips into robotics, led by CEO Jensen Huang.
Mint
05-07-2025
- Business
- Mint
Nvidia stock is on a tear. This ‘next big thing' can drive more gains.
Nvidia stock has been a gift that keeps on giving for investors in recent years—and robots are the sort of underrated attraction that could keep the rally going. The shares rose 1.3% Thursday, giving the company a market capitalization of $3.89 trillion—just short of the record $3.195 trillion market cap reached by Apple on Dec.26, 2024. The stock's rise will be on pause at least until Monday as U.S. markets are closed Friday for the Fourth of July holiday. CEO Jensen Huang has frequently touted robots as the next big thing, and last month the company unveiled a new humanoid bot called AEON, which it built in collaboration with Swedish industrial tech company Hexagon. It isn't just something for science fiction fans—shareholders should take a look at robots, too. Huang said at a conference in Paris last month that humanoid robotics would 'potentially be one of the largest industries ever." Analysts polled by FactSet are expecting annual revenue for Nvidia's automotive and robotics division, which also includes self-driving cars, to jump to $7.55 billion by the start of the 2030s, up from $1.70 billion last fiscal year. They'll likely start raising those forecasts if it starts looking like Huang's bullish prediction will come true. There were some signs earlier this year that the rally could peter out, with Huang warning about the U.S. government's 'deeply painful" curbs on semiconductor exports to China, but shares have rebounded since the market got over the worst of its tariff fears. They're now up 19% in 2025, which has helped Nvidia reclaim the title of the world's most valuable company and put it on the brink of a $4 trillion market capitalization. History suggests the stock will now take a breather: It rises just 4% on average over the third quarter, according to Dow Jones Market Data. The good news for shareholders is that the final three months of the year have tended to be Nvidia's best period, with it rising 23% on average. The stock is sitting pretty anyway, but a major breakthrough in robotics could make the outlook even better. Write to George Glover at
Fox News
05-07-2025
- Business
- Fox News
Job-killing robot learns at work, and it's coming to the factory floor
Across industries, companies are feeling the squeeze from labor shortages, rising costs and nonstop pressure to boost efficiency. Robots are quickly becoming real-life solutions, and their promise has never felt more relevant. With factories and warehouses scrambling to fill essential roles, the search for fresh ideas is heating up. That's where AEON comes in. Hexagon's new humanoid robot is built to step into these tough environments, handling repetitive and error-prone tasks so businesses can keep things running smoothly and safely. By bringing advanced robotics like AEON onto the factory floor, industries get a chance to not just fill workforce gaps, but also rethink how work gets done, raising the bar for productivity and workplace safety. AEON's impressive capabilities are powered by a robust technology stack. NVIDIA's robotics platform delivers the artificial intelligence and computing muscle needed for real-time decision-making and continuous learning. Microsoft Azure provides a secure, scalable cloud infrastructure for training AEON's AI and managing data. Maxon's advanced actuators give AEON its agile, human-like movement, enabling it to tackle a wide range of tasks across various environments. AEON stands out for its remarkable agility and dexterity. Leveraging Hexagon's expertise in precision measurement and advanced locomotion, the robot can move efficiently and perform tasks that require both speed and accuracy. Whether it's picking objects from a conveyor belt or conducting detailed inspections of industrial components, AEON approaches each job with exceptional finesse. Spatial awareness is another core strength. AEON uses a sophisticated combination of sensors and AI-driven mission control to understand its environment. By merging data from multiple sources, it navigates busy warehouses, avoids obstacles and captures detailed 3D scans to create digital twins of its surroundings. Versatility is at the heart of AEON's design. The robot can manipulate parts, tend machines, inspect assets and even generate digital twins by capturing reality in high detail. Its modular structure allows for new capabilities to be added as needed, making AEON a flexible addition for any industrial team. AEON's intelligence grows over time thanks to a self-learning loop. As it works, the robot collects detailed scans of real-world environments. These scans help build digital twins in NVIDIA Omniverse, which are then used to train and enhance future versions of AEON. This approach ensures that each generation of the robot becomes smarter and more capable, learning from both its own experiences and the environments it encounters. One of its most practical features is its ability to work continuously. Instead of pausing for lengthy recharging sessions, AEON uses a smart battery-swapping mechanism. This system keeps the robot operational around the clock, which is crucial in production environments where downtime can be costly. Hexagon is already collaborating with industry leaders such as Schaeffler and Pilatus to deploy AEON in real production settings. These pilot programs involve the robot performing tasks like machine tending, part inspection and reality capture. Early results are demonstrating the robot's adaptability and value in demanding industrial environments. Labor shortages continue to challenge industries worldwide, particularly in manufacturing and logistics. AEON says it offers a solution that fills workforce gaps while also improving safety, efficiency and sustainability. By taking on hazardous or monotonous jobs, AEON allows human workers to focus on higher-value activities, helping companies remain competitive in a rapidly evolving landscape. Dangerous or not, the end result will be human jobs replaced by AI worker robots. At the end of the day, this powerful job-killing AEON feels like a sign of where the future of work is headed. As more and more of these robots start showing up on factory floors and in warehouses, they could help businesses stay ahead in a fast-changing world. It'll be interesting to see if AEON can really make workplaces safer, more efficient and perhaps even open up new opportunities for people to focus on the creative and complex aspects of their jobs. Are you ready to share your workplace with a robot like AEON, or does the idea spark more curiosity or concern for the future of your industry? Let us know by writing to us at Sign up for my FREE CyberGuy ReportGet my best tech tips, urgent security alerts, and exclusive deals delivered straight to your inbox. Plus, you'll get instant access to my Ultimate Scam Survival Guide - free when you join my Copyright 2025 All rights reserved.
