Generative AI will take off in 2024, area experts say
2024 will be the year of the new wave of artificial intelligence — generative AI — Tri-County experts in the field say. Most, if not all, AI companies and other businesses that use AI will be dialing into the cutting-edge technology more and more, the specialists say. They include those in the Central Coast region Read More →
MannKind inks royalty purchase agreement for up to $200M
Westlake Village-based MannKind Corporation saw shares climb 8% on Jan. 2 after the company announced entering into a royalty purchase agreement of up to $200 million. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, sold a 1% royalty in net sales of Tyvaso DPI to Sagard Healthcare on Dec. 27. Read More →
Limoneira pleased by FY2023 despite revenue dip
Despite a 2.5% dip in fiscal year 2023 revenues compared to fiscal year 2022, the CEO of Santa Paula-based Limoneira says he’s pleased with the agribusiness’s year-over-year performance. “We achieved our full-year avocado and revised lemon volume guidance despite harsh weather conditions and softer lemon pricing throughout most of the year,” Harold Edwards said during Read More →
Atara to cut workforce by 30%, will keep T.O. locations operational
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Limoneira CEO says company isn’t looking to move
Santa Paula-based Limoneira is unlikely to leave the area if it sells some or all of the company as part of its strategic review, CEO Harold Edwards told the Business Times. “I just don’t see it,” he said during a Dec. 11 interview. “This isn’t about us leaving. This is about us figuring out how Read More →
