On Friday, Shares of NVIDIA Corporation (NASDAQ:NVDA), added 0.98% and closed at $65.99 in the last trading session. The last trading range of the stock ranges between $65.60 and $66.60. NVIDIA and FANUC Corporation recently declared a partnershipto implement artificial intelligence on the FANUC Intelligent Edge Link and Drive (FIELD) system to increase robotics productivity and bring new capabilities to automated factories worldwide.
Adding AI to the FIELD system will give robots the ability to teach themselves to do tasks faster and more efficiently. By learning together, what used to take a single robot 8 hours can now be done by eight robots in an hour.
“The age of AI is here,” said Jen-Hsun Huang, founder and CEO of NVIDIA. “GPU deep learning ignited this new wave of computing where software learns and machines reason. One of the most exciting creations will be intelligent robots that can understand their environment and interact with people. NVIDIA is delighted to partner with FANUC, the world leader of industrial robotics, to realize a future where intelligent machines accelerate the advancement of humanity.”
Denbury Resources Inc. (NYSE:DNR), REMAIN FLAT and closed at $2.81 in the last trading session. The last trading range of the stock ranges between $2.78 and $2.91. The company’s Market capitalization is $11.12 Billion with the total Outstanding Shares of 398.33 Million. Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) recently declared that it has accomplished its fall 2016 semi-annual borrowing base redetermination under its revolving credit facility (“Facility”), and the syndicate of banks has reaffirmed the formerly existing borrowing base of $1.05 billion, the same amount committed by the banks to loan under the Facility. A total of $260 million of borrowings were outstanding under the Facility at September 30, 2016. There were no changes to the terms or conditions of the Facility, and the next regularly planned borrowing base redetermination is set to occur on or about May 1, 2017.
Denbury recently also declared that it will host a conference call to review and discuss third quarter 2016 financial and operating results, together with its financial and operating outlook for the remainder of 2016, on Thursday, November 3, 2016 at 10:00 A.M. (Central). The Company plans to issue its financial and operating results before the market opening on the same day. Individuals who would like to take part should dial the applicable dial-in number listed below ten minutes before the planned start time.
Exxon Mobil Corporation (NYSE:XOM), LOST -0.02% and closed at $86.54 in the last trading session. The last trading range of the stock ranges between $86.48 and $87.54. The company’s Market capitalization is $358.77 Billion with the total Outstanding Shares of 4.15 billion. During the 52-week trading session the minimum price at which share price traded, registered at $71.55 and reached to max level of $95.55. InterOil Corporation (NYSE: IOC, POMSox: IOC) recently declared that, after the close of business on October 7, 2016, the Supreme Court of Yukon approved the pending transaction (“the transaction”) with Exxon Mobil Corporation (XOM), counting finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016.
Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court’s decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.