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“We Must Act Now”: Sixteen Nobel Laureates Join Leading Economists and AI Researchers in Call to Prepare for AI’s Economic Transformation

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New statement warns that AI could drive an economic transformation larger than the Industrial Revolution — on a vastly shorter timeline — and urges economists, policymakers, and technology leaders to prepare.

STANFORD, Calif., July 13, 2026 /PRNewswire/ — Today, a group of leading economists and AI researchers, including sixteen Nobel Laureates, released “We Must Act Now: A Statement on AI’s Transformation of the Economy,” calling for urgent preparation for the economic impacts of radically more powerful AI.

The statement, organized by economists Erik Brynjolfsson, Ajay Agrawal, Anton Korinek, and Tom Cunningham, warns that increasingly capable AI systems could reshape the economy at unprecedented speed. While AI offers enormous opportunities to improve productivity and living standards, it also raises important questions for workers, firms, and public institutions.

The statement calls on economists, policymakers, and technology leaders to deepen research on AI’s economic impacts and to begin building the policies and institutions needed to ensure AI complements human capabilities and benefits society.

“AI capabilities are advancing far faster than our understanding of the economic implications. In that gap lie the greatest opportunities of our era. We must act now to guide AI to complement humans rather than simply imitate them — and to generate prosperity for the many, not just the few,” said Erik Brynjolfsson, the Jerry Yang and Akiko Yamazaki Professor at Stanford University and Director of the Stanford Digital Economy Lab.

“The scale, scope, and speed of the advances in AI, combined with a high level of uncertainty about the magnitude and timing of the impacts across many parts of the economy, call for an ‘all hands on deck’ approach to steering AI in beneficial directions,” said Michael Spence, Nobel Laureate and Professor Emeritus at New York University.

“I’m so happy to join other leading experts in calling for the urgent need to redirect AI so that its risks are minimized and it can work for the benefit of workers and society,” said Daron Acemoglu, Nobel Laureate and Institute Professor at MIT.

“Steam, electricity, and computers each gave societies decades to adapt; AI may give us only a few years. We cannot improvise our strategy and institutions in the middle of the transformation; waiting for certainty means arriving too late,” said Anton Korinek, Professor at the University of Virginia, currently on leave at Anthropic.

“Whether rapidly advancing AI broadly elevates global living standards or severely concentrates wealth is not predetermined; it depends on how we choose to re-architect our political and economic systems today. We cannot afford to wait for the full transformation to arrive and in the meantime rely on institutional scaffolding that was optimized for a pre-high-fidelity-prediction world,” said Ajay Agrawal, Professor at the University of Toronto’s Rotman School of Management.

“We are driving in the fog, and it is extraordinarily difficult to anticipate what will happen next. It’s the right time for a coordinated effort to bring clarity to a confusing situation.” said Tom Cunningham, Researcher at METR.

The statement has been signed by more than 200 economists and AI researchers from leading universities and AI research organizations around the world. The full statement and the current list of signatories are available at http://wemustactnow.ai/.

About the Stanford Digital Economy Lab

The Stanford Digital Economy Lab is an interdisciplinary research group that studies how digital technologies are transforming work, organizations, and the economy. The Lab’s insights help companies, policymakers, students, and professionals respond to the complexities and promise of technological change. The Lab is part of the Stanford Institute for Human-Centered AI (HAI) and is co-sponsored by the Stanford Institute for Economic Policy Research (SIEPR). Learn more at digitaleconomy.stanford.edu.

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SOURCE Stanford Digital Economy Lab

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QYOU Media Reports Q2 FY 2026

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27% YOY Revenue Growth Driven by Continued Focus on the Global Creator Economy Business

Live Shareholder Call To Take Place on Tuesday, September 1st at 1:30 PM EST

TORONTO, LOS ANGELES and MUMBAI, India, Aug. 31, 2026 /PRNewswire/ — QYOU Media Inc., (TSXV: QYOU) (OTCQB: QYOUF) a company operating in North America and India producing, marketing and distributing content created by social media stars and digital content creators, has reported financial results for the three months ended June 30th, 2026 (Q2 FY 2026).  All amounts are in Canadian dollars.

Record Q2 revenue: The company reported Q2 revenue of $7,270,657, an increase of $1,557,405 or 27% compared to the same period prior year.  This was driven by the continued strong growth of the influencer marketing business units in both North America and India.Adjusted EBITDA: The Adjusted EBITDA loss for the period ended June 30, 2026 was $952,476, compared to the Adjusted EBITDA of $405 in the same period prior year. The increase in the Adjusted EBITDA loss primarily reflects the combined impact of the company’s seasonal revenue patterns, which normally result in significant increases in revenue in the second half of the year, coupled with continued strategic investments intended to grow and drive forward the scale of the business.Strengthened cash position: Cash and cash equivalents increased to $3,557,467 as at June 30, 2026 from $871,689 as at June 30, 2025. Cash used in operating activities from continuing operations improved to $941,662 for the three months ended June 30, 2026, compared to $1,223,772 in the corresponding prior-year period.

QYOU Media CEO and Co-Founder Curt Marvis commented, “Q2 was another solid revenue quarter for QYOU delivering 27% YOY growth as we push forward in leveraging our increased strength in the global Creator Economy industry. We invested in Q2 into our technology and production infrastructure and we are clearly seeing the benefits of this in Q3 2026 and moving ahead into Q4.  We remain confident that our financial performance will improve significantly in the second half of 2026.”

Management will host a live conference call and live stream on Tuesday September 1st, 2026 at 1:30 PM Eastern Standard Time to discuss the Q2 results and plans for the business going forward in 2026.

LIVE SHAREHOLDER CALL:

Management will accept questions via the chat, and individuals wishing to ask a question during the call can do so at any time.

To watch or listen to the call please click here to access the livestream link.

To add this event to your calendar please click this link here.

An archive of the call will be available on the Company’s YouTube channel and website following the call.

About QYOU Media

Among the fastest growing creator driven media companies, QYOU Media operates in India and the United States producing, distributing and monetizing content created by social media influencers and digital content stars. Our influencer marketing business in India, Chtrbox, is an influencer and marketing platform and agency, connecting brands, products and social media influencers. QYOU USA powers social media marketing campaigns for major film studios, game publishers and leading consumer brands. The company is managed by industry veterans from Lionsgate, Disney and TikTok. Experience our work at www.qyoumedia.com and https://www.chtrbox.com 

*Note on Adjusted EBITDA:

To supplement our consolidated financial statements, which are prepared and presented in accordance with International Financial Reporting Standards (“IFRS”), we present certain results using “Adjusted EBITDA” which is a non-IFRS financial measure. We define “Adjusted EBITDA” as earnings before interest, taxes, depreciation and amortization as revenue minus operating expenses excluding non-cash and or non-recurring operating expenses of stock-based compensation, marketing credits, depreciation and amortization (interest and taxes are not included in the Company’s operating expenses).The presentation of non-IFRS financial measurement are not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of cash flows or liquidity.

Adjusted EBITDA is used as an internal measure to evaluate the performance of our operating segments. We believe that information about this non-IFRS financial measure assists investors by allowing them to evaluate changes in operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and other factors that affect reported results. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Furthermore, this measure may vary among companies; thus Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein may include, but are not limited to statements relating to the business, performance and future activities of QYOU. These forward-looking statements are based on QYOU’s current projections and expectations about future events and other factors management believes are appropriate. Although QYOU believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual results may differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond QYOU’s control. Additional risks and uncertainties regarding QYOU are described in its publicly-available disclosure documents, filed by QYOU on SEDAR+ (www.sedarplus.ca)  except as updated herein. The forward-looking statements contained in this news release represent QYOU’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. QYOU undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE QYOU Media Inc.

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Resideo To Participate at Upcoming Investor Conferences

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SCOTTSDALE, Ariz., Aug. 31, 2026 /PRNewswire/ — Resideo Technologies, Inc. (NYSE: REZI), a leading global developer and manufacturer of critical control and sensing solutions for residential end markets, today announced that it is scheduled to participate at the following investor events.

2026 Jefferies Global Industrials Conference in New York, NY on Thursday, September 10, 2026. Tom Surran, Resideo’s Chief Executive Officer, and Chris Lee, Global Head of Strategic Finance, will participate in a fireside chat starting at 10:10 AM ET.

Wells Fargo’s 9th Annual Consumer Conference in Dana Point, CA on Wednesday, September 23, 2026. Tom Surran, Resideo’s Chief Executive Officer, Shane Harrison, Resideo’s Chief Financial Officer, and Chris Lee, Global Head of Strategic Finance, will participate in meetings with investors.

The fireside chat will be webcast live and available for replay on the Investor Relations page of the Resideo website at investor.resideo.com and archived on the Investor Relations page for a period of 30 days.

About Resideo
Resideo is a global building technologies company that is a leading developer and manufacturer of critical control and sensing solutions for residential markets. The company serves professional installers and integrators across diverse product categories, such as heating, ventilation, and air conditioning controls, combustion, life safety, security, and water. Its comfort and protection solutions can be found in more than 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually. More information about Resideo and its trusted brands, including BRK, First Alert, and Honeywell Home, is available at www.resideo.com.

Contacts: 

Investors:

Media:

Christopher T. Lee

Kevin Hunt

Global Head of Strategic Finance 

Communications Director

investorrelations@resideo.com     

kevin.hunt@resideo.com

 

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SOURCE Resideo Technologies, Inc.

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AAR names Sanjay Sood Senior Vice President and Chief Digital & Technology Officer

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WOOD DALE, Ill., Aug. 31, 2026 /PRNewswire/ — AAR CORP. (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, announced that Sanjay Sood joined the Company as Senior Vice President and Chief Digital & Technology Officer, effective today.

Sood will oversee AAR’s technology organization, including enterprise systems, infrastructure, cybersecurity, data and analytics, and the Company’s efforts to further leverage AI and other technologies across its operations. He will report to John M. Holmes, Chairman, President and CEO.

Most recently, Sood served as Senior Vice President and Chief Technology Officer at CDW, a leading multi-brand provider of information technology solutions, where he modernized the company’s platforms, data architecture, and AI initiatives and managed the technical integration of multiple acquisitions. Prior to CDW, Sood held senior technology and product leadership positions at HERE Technologies, where he was responsible for global engineering organizations and building emerging products. Earlier in his career, he held leadership roles at YP, formerly AT&T Interactive, AllVoices, and BuzzLabs.

Sood earned a Ph.D. in Computer Science and a Bachelor of Science in Computer Science and Communication Studies from Northwestern University.

“Sanjay brings a unique combination of significant experience in large-scale information technology leadership, infrastructure modernization, and AI technology implementation,” said Holmes. “We are pleased to welcome Sanjay to the AAR team. His leadership will be critical as we continue executing our long-term strategy and strengthening the systems and data management that help our business operate effectively.”

“I look forward to helping connect information across the organization, build on the strong foundation already in place, and reinforce the operational discipline that has long defined AAR,” said Sood. “Advancing AAR’s vast data resources is key to driving further value and efficiency for customers.”

For more information on AAR, visit aarcorp.com.

About AAR
AAR is a leading global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through three primary operating segments: Parts Supply; Repair, Engineering, and Software; and Government Solutions. Additional information can be found at aarcorp.com.

This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management’s expectations about future conditions, including activities and benefits related to technology systems, data management, and artificial intelligence. Forward-looking statements may also be identified because they contain words such as ”anticipate,” ”believe,” ”continue,” ”could,” ”estimate,” ”expect,” ”intend,” ”likely,” ”may,” ”might,” ”plan,” ”potential,” ”predict,” ”project,” ”seek,” ”should,” ”target,” ”will,” ”would,” or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in AAR CORP.’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management’s control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com

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SOURCE AAR CORP.

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