Webull

Webull

Webull Corporation, often stylized as simply Webull, is a U.S.-based financial services holding company headquartered in St. Petersburg, Florida. It owns and operates the Webull electronic trading platform for self-directed retail investors. Depending on jurisdiction, the Webull platform offers trading in stocks, exchange-traded funds (ETFs), options, margin, bonds, cryptocurrency and futures, as well as market-data tools. Webull began operations in 2016 under Hunan Fumi Information Technology, a China-based financial technology company founded by Wang Anquan. It launched U.S. brokerage services through Webull Financial LLC in 2018 and expanded during the retail-trading boom of 2020 and 2021. In April 2025, Webull became a publicly traded company on the Nasdaq through a merger with special-purpose acquisition company SK Growth Opportunities Corporation. The company's U.S. brokerage revenue relies substantially on payment for order flow, with options trading accounting for the larger share of its order-flow rebates in 2025. Webull has faced regulatory actions related to options customer approvals, complaint handling, suspicious activity reporting, social-media marketing and customer disclosures. It has also faced scrutiny from U.S. lawmakers and state officials over its historical and operational ties to China and the handling of U.S. customer data. == History == === Founding === Webull was founded in 2016 under Hunan Fumi Information Technology, a China-based financial technology company, by Wang Anquan, a former employee of Alibaba Group and Xiaomi. Hunan Fumi Information Technology received backing from Xiaomi, Shunwei Capital, and other investors in China. Fumi Technology was a Hunan-based fintech start-up incubated by Xiaomi and raised about CNY200 million (approximately US$30 million) in a Series B financing round in 2018. On May 24, 2017, Webull Financial LLC was established as a Delaware limited liability company. It began offering brokerage services in the United States in May 2018. Wang hired Anthony Denier as CEO of the U.S. brokerage that year and the two mapped out their strategy on napkins at a Mexican restaurant in New York City. Webull Corporation was incorporated in the Cayman Islands in September 2019 as the group's holding company. === Retail trading boom === In May 2020, the company received SEC approval to launch a robo-advisor on its platform. By August 2020, the platform had over 11 million registered users, and in October 2020, it had 750,000 daily active users. Webull introduced options trading in 2020 and later added cryptocurrency trading through a separate digital-asset business. In November 2020, Webull began supporting cryptocurrency transactions. In December 2020, Webull launched trading services in Hong Kong. During the GameStop short squeeze in January 2021, Webull gained attention as some retail traders looked for alternatives to Robinhood. On January 27, 2021, Webull recorded its highest-ever number of active daily users, at 952,000, and the Webull app was downloaded across the Apple App and Google Play stores an estimated 100,000 times. That week, approximately 1.2 million people downloaded the Webull mobile app, which the company reported as a 1,548% week-over-week increase. On January 28, 2021, Webull was directed by its clearing house to temporarily halt buy orders for stocks affected by the GameStop short squeeze. In June 2021, Webull was reported to be considering a U.S. initial public offering that could raise up to $400 million. === Restructuring and expansion === Webull restructured its China-related corporate arrangements in 2022 and later stated that Hunan Fumi was no longer affiliated with the group. In 2022 and 2023, Webull expanded in several non-U.S. markets, including Singapore, Australia, South Africa, Japan, the United Kingdom and Indonesia. In June 2023, Webull moved cryptocurrency trading to a separate app called Webull Pay. By the end of 2023, Webull had 4.3 million funded accounts and US$8.2 billion in customer assets. In January 2024, Anthony Denier was promoted to group president of Webull Corporation. In November 2024, Webull launched overnight, or extended-hours, trading, expanding the trading window of U.S. stocks for users inside and outside the United States. === SPAC merger and Nasdaq listing === On February 28, 2024, Webull agreed to go public through a business combination with SK Growth Opportunities Corporation (NASDAQ: SKGR), a special-purpose acquisition company, in a deal that valued the company at approximately US$7.3 billion. The proposed valuation drew scrutiny because of Webull's limited financial disclosure at announcement, reliance on payment for order flow and small expected public float. SK Growth shareholders approved the business combination on March 30, 2025, and the transaction closed on April 10, 2025. Webull's Class A ordinary shares and warrants began trading on the Nasdaq on April 11, 2025 under the ticker symbols BULL and BULLW (incentive warrants traded under BULLZ until their redemption in June 2025). The merger brought Webull to the public market but generated little cash for the company: after shareholder redemptions, Webull disclosed net proceeds of US$430,066 from the transaction. After the listing, Webull's shares experienced extreme volatility, rising as much as 500% to US$79.56 on April 14, 2025, after closing at US$13.25 on the prior trading day. The initial post-listing surge increased the value of Webull holdings owned by earlier investors, including RIT Capital Partners, which had first invested in Webull in 2021. In April 2026, after Webull's shares had fallen about 70% over the previous year, the company authorized a US$100 million share repurchase program. == Business model and financials == Webull provides a self-directed electronic trading platform available through mobile, desktop and web applications. Depending on jurisdiction, the platform offers trading in stocks, exchange-traded funds, options, margin, futures, fixed income products, cryptocurrency, cash management features and market data tools. In the United States, Webull Financial LLC is a registered broker-dealer and member of FINRA and the Securities Investor Protection Corporation, while Webull operates in other markets through locally licensed brokerage subsidiaries. Webull operates a commission-free or low-cost brokerage model for self-directed retail investors. In the United States, a substantial part of its trading-related revenue comes from payment for order flow, while in some non-U.S. markets the company more commonly charges commissions directly to customers. The platform is aimed at more active retail investors, including users seeking options tools, extended-hours trading and real-time market data. For 2025, Webull reported total revenue of US$571.0 million, up from US$390.2 million in 2024. Equity and option order-flow rebates accounted for US$304.1 million, or 53.3% of revenue, making order-flow rebates the company's largest reported revenue category. Interest-related income accounted for US$154.3 million, handling charge income for US$87.3 million and other revenue for US$25.3 million. Options were the larger component of the company's order-flow rebates in 2025, generating US$210.0 million compared with US$94.2 million from equities. Webull also generates revenue from interest-related activities, including margin financing, customer bank deposits, stock lending and corporate bank deposits. The company has stated that its interest-related income is affected by interest rates, customer cash balances, margin balances and demand for stock lending. The company had approximately 20 million registered users worldwide as of February 2024. As of December 31, 2025, it reported 26.8 million registered users, 5.0 million funded accounts and US$24.6 billion in customer assets. As of March 2025, Webull operated in Hong Kong, Singapore, Australia, South Africa, Japan, the United Kingdom, the United States, Indonesia, Canada, Brazil, Thailand, Malaysia and Mexico. == Marketing and sponsorships == Webull has used paid digital advertising, referral incentives, free-stock promotions, affiliate marketing and sports sponsorships to acquire customers and promote its brand. In its 2025 annual filing, the company reported marketing and branding expenses of US$152.3 million in 2023, US$138.7 million in 2024 and US$135.9 million in 2025. Webull said most of its advertising and promotion costs were related to paid search and paid social advertising, and that it had reduced free-stock promotions while shifting toward deposit- and asset-transfer-based incentives. In September 2021, BSE Global, the parent company of the Brooklyn Nets and New York Liberty, entered into a global multi-year agreement with Webull. Under the agreement, Webull became an official sponsor and online brokerage partner of the teams, with branding that included a jersey patch on Brooklyn Nets uniforms. Spo

Overcast (app)

Overcast is a podcast app for iOS that was launched in 2014 by founder and operator Marco Arment. == Founder and operator == Arment was also the Chief Technology Officer of Tumblr and founder of Instapaper before founding Overcast, and he had created his own podcasts before launching the app. In March 2023, Arment told The Vergecast how he built and maintains Overcast by himself, and that he uses ad banners promoting podcasts to cover the costs of the free app. == Features and reception == In 2014, Overcast received positive reviews from MacWorld and iMore. In 2015, The Verge and The Sweet Setup each named it the best podcast app for iOS that year. In 2017, Discover Pods gave an endorsement citing the "smart speed" feature, which shortens quiet gaps in a podcast. In April 2019, Overcast introduced a feature that allowed users to share clips from podcasts to social media. In January 2020, Overcast was updated to allow users to skip the intros and outros of podcasts.

Timo Honkela

Timo Untamo Honkela (August 4, 1962 – May 9, 2020) was a computer scientist at the University of Helsinki, Aalto University School of Science and Aalto University School of Art, Design and Architecture. He holds a PhD from Helsinki University of Technology. From 2014 until 2018 he held a fixed-term professorship at the University of Helsinki. Before joining the University of Helsinki he worked as a non-tenured professor in two Schools of the Aalto University, The School of Art, Design and Architecture and the School of Science. He has presented his thoughts on his studies and work in the joint blog 375 Humanists. Timo Honkela conducted research on several areas related to knowledge engineering, cognitive modeling and natural language processing. Honkela was born in Kalajoki. From 1998 to 2000 he worked as a professor in the Aalto Media Lab. To the media Lab Honkela brought his expertise in Kohonen self-organising map (SOM) and worked closely with artist and designers around the topic. In 2001 Honkela collaborated with George Legrady to produce an interactive museum installation, Pockets Full of Memories to the Centre Georges Pompidou, National Museum of Modern Art in Paris. The concept, created by Legrady, provided for visitors a possibility to scan their own objects to a database and then organise them by Kohonen Self-Organizing Map algorithm. In 2017 Honkela published a book in Finnish. The book Rauhankone (English: Peace Machine) presents his idea of designing artificial intelligence and machine learning to serve humanity, in practice to help people to live in peace with each other. He died in Helsinki. == Publications == Timo Honkela, Wlodzislaw Duch, Mark Girolami and Samuel Kaski (editors): Artificial Neural Networks and Machine Learning, Springer, 2011. Jorma Laaksonen and Timo Honkela (editors): Advances in Self-Organizing Maps, Springer, 2011. Timo Honkela: Rauhankone. Gaudeamus, 2017.

Kunihiko Fukushima

Kunihiko Fukushima (Japanese: 福島 邦彦, born 16 March 1936) is a Japanese computer scientist, most noted for his work on artificial neural networks and deep learning. He is currently working part-time as a senior research scientist at the Fuzzy Logic Systems Institute in Fukuoka, Japan. == Notable scientific achievements == In 1980, Fukushima published the neocognitron, the original deep convolutional neural network (CNN) architecture. Fukushima proposed several supervised and unsupervised learning algorithms to train the parameters of a deep neocognitron such that it could learn internal representations of incoming data. Today, however, the CNN architecture is usually trained through backpropagation. This approach is now heavily used in computer vision. In 1969 Fukushima introduced the ReLU (Rectifier Linear Unit) activation function in the context of visual feature extraction in hierarchical neural networks, which he called "analog threshold element". (Though the ReLU was first used by Alston Householder in 1941 as a mathematical abstraction of biological neural networks.) As of 2017 it is the most popular activation function for deep neural networks. == Education and career == In 1958, Fukushima received his Bachelor of Engineering in electronics from Kyoto University. He became a senior research scientist at the NHK Science & Technology Research Laboratories. In 1989, he joined the faculty of Osaka University. In 1999, he joined the faculty of the University of Electro-Communications. In 2001, he joined the faculty of Tokyo University of Technology. From 2006 to 2010, he was a visiting professor at Kansai University. Fukushima acted as founding president of the Japanese Neural Network Society (JNNS). He also was a founding member on the board of governors of the International Neural Network Society (INNS), and president of the Asia-Pacific Neural Network Assembly (APNNA). He was one of the board of governors of the International Neural Network Society (INNS) in 1989-1990 and 1993-2005. == Awards == In 2020, Fukushima received the Bower Award and Prize for Achievement in Science. In 2022, Fukushima became a laureate of the Asian Scientist 100 by the Asian Scientist. He also received the IEICE Achievement Award and Excellent Paper Awards, the IEEE Neural Networks Pioneer Award, the APNNA Outstanding Achievement Award, the JNNS Excellent Paper Award and the INNS Helmholtz Award.

AI Customer-support Bots: Free vs Paid (2026)

Curious about the best AI customer-support bot? An AI customer-support bot is software that uses machine learning to help you get more done — it combines speed, accuracy, and an interface that just works. Hands-on testing shows real-world results vary, so a short free trial is the smartest way to decide. Whether you are a beginner or a pro, the right AI customer-support bot slots into your workflow and pays for itself fast. This guide breaks down the top picks, their pros and cons, and who each one is best for.

Non-separable wavelet

Non-separable wavelets are multi-dimensional wavelets that are not directly implemented as tensor products of wavelets on some lower-dimensional space. They have been studied since 1992. They offer a few important advantages. Notably, using non-separable filters leads to more parameters in design, and consequently better filters. The main difference, when compared to the one-dimensional wavelets, is that multi-dimensional sampling requires the use of lattices (e.g., the quincunx lattice). The wavelet filters themselves can be separable or non-separable regardless of the sampling lattice. Thus, in some cases, the non-separable wavelets can be implemented in a separable fashion. Unlike separable wavelet, the non-separable wavelets are capable of detecting structures that are not only horizontal, vertical or diagonal (show less anisotropy). == Examples == Red-black wavelets Contourlets Shearlets Directionlets Steerable pyramids Non-separable schemes for tensor-product wavelets

Büchi automaton

In computer science and automata theory, a deterministic Büchi automaton is a theoretical machine which either accepts or rejects infinite inputs. Such a machine has a set of states and a transition function, which determines which state the machine should move to from its current state when it reads the next input character. Some states are accepting states and one state is the start state. The machine accepts an input if and only if it will pass through an accepting state infinitely many times as it reads the input. A non-deterministic Büchi automaton, later referred to just as a Büchi automaton, has a transition function which may have multiple outputs, leading to many possible paths for the same input; it accepts an infinite input if and only if some possible path is accepting. Deterministic and non-deterministic Büchi automata generalize deterministic finite automata and nondeterministic finite automata to infinite inputs. Each are types of ω-automata. Büchi automata recognize the ω-regular languages, the infinite word version of regular languages. They are named after the Swiss mathematician Julius Richard Büchi, who invented them in 1962. Büchi automata are often used in model checking as an automata-theoretic version of a formula in linear temporal logic. == Formal definition == Formally, a deterministic Büchi automaton is a tuple A = ( Q , Σ , δ , q 0 , F ) {\textstyle A=(Q,\Sigma ,\delta ,q_{0},\mathbf {F} )} that consists of the following components: Q {\textstyle Q} is a finite set. The elements of Q {\textstyle Q} are called the states of A {\textstyle A} . Σ {\textstyle \Sigma } is a finite set called the alphabet of A {\textstyle A} . δ : Q × Σ → Q {\textstyle \delta \colon Q\times \Sigma \to Q} is a function, called the transition function of A {\textstyle A} . q 0 {\textstyle q_{0}} is an element of Q {\textstyle Q} , called the initial state of A {\textstyle A} . F ⊆ Q {\textstyle \mathbf {F} \subseteq Q} is the acceptance condition. A run i _ = i 0 i 1 i 2 ⋯ ∈ Σ ω {\displaystyle {\underline {i}}=i_{0}i_{1}i_{2}\cdots \in \Sigma ^{\omega }} is an infinite string of inputs of A {\displaystyle A} . By calling δ {\displaystyle \delta } recursively, we can extend it to a function δ ω : Σ ω → Q ω {\displaystyle \delta ^{\omega }:\Sigma ^{\omega }\to Q^{\omega }} . A state q ∈ Q {\displaystyle q\in Q} is said to occur infinitely often for a run i _ {\displaystyle {\underline {i}}} when the set { n ∈ N ∣ δ ω ( i _ ) n = q } {\displaystyle \{n\in \mathbb {N} \mid \delta ^{\omega }({\underline {i}})_{n}=q\}} is infinite. Let I n f ( i _ ) {\displaystyle \mathrm {Inf} ({\underline {i}})} be the set of states occurring infinitely often for i _ {\displaystyle {\underline {i}}} . The language of A {\displaystyle A} is then the set of runs of A {\displaystyle A} in which at least one of the infinitely-often occurring states is in F {\textstyle \mathbf {F} } ; in symbols: L ( A ) = { i _ ∈ Σ ω ∣ I n f ( i _ ) ∩ F ≠ ∅ } . {\displaystyle L(A)=\{{\underline {i}}\in \Sigma ^{\omega }\mid \mathrm {Inf} ({\underline {i}})\cap \mathbf {F} \neq \varnothing \}.} In a (non-deterministic) Büchi automaton, the transition function δ {\textstyle \delta } is replaced with a transition relation Δ {\textstyle \Delta } that returns a set of states, and the single initial state q 0 {\textstyle q_{0}} is replaced by a set I {\textstyle I} of initial states. Generally, the term Büchi automaton without qualifier refers to non-deterministic Büchi automata. For more comprehensive formalism see also ω-automaton. == Closure properties == The set of Büchi automata is closed under the following operations. Let A = ( Q A , Σ , Δ A , I A , F A ) {\displaystyle A=(Q_{A},\Sigma ,\Delta _{A},I_{A},{F}_{A})} and B = ( Q B , Σ , Δ B , I B , F B ) {\displaystyle B=(Q_{B},\Sigma ,\Delta _{B},I_{B},{F}_{B})} be Büchi automata and C = ( Q C , Σ , Δ C , I C , F C ) {\displaystyle C=(Q_{C},\Sigma ,\Delta _{C},I_{C},{F}_{C})} be a finite automaton. Union: There is a Büchi automaton that recognizes the language L ( A ) ∪ L ( B ) . {\displaystyle L(A)\cup L(B).} Proof: If we assume, w.l.o.g., Q A ∩ Q B {\displaystyle Q_{A}\cap Q_{B}} is empty then L ( A ) ∪ L ( B ) {\displaystyle L(A)\cup L(B)} is recognized by the Büchi automaton ( Q A ∪ Q B , Σ ∪ Σ , Δ A ∪ Δ B , I A ∪ I B , F A ∪ F B ) . {\displaystyle (Q_{A}\cup Q_{B},\Sigma \cup \Sigma ,\Delta _{A}\cup \Delta _{B},I_{A}\cup I_{B},{F}_{A}\cup {F}_{B}).} Intersection: There is a Büchi automaton that recognizes the language L ( A ) ∩ L ( B ) . {\displaystyle L(A)\cap L(B).} Proof: The Büchi automaton A ′ = ( Q ′ , Σ , Δ ′ , I ′ , F ′ ) {\displaystyle A'=(Q',\Sigma ,\Delta ',I',F')} recognizes L ( A ) ∩ L ( B ) , {\displaystyle L(A)\cap L(B),} where Q ′ = Q A × Q B × { 1 , 2 } {\displaystyle Q'=Q_{A}\times Q_{B}\times \{1,2\}} Δ ′ = Δ 1 ∪ Δ 2 {\displaystyle \Delta '=\Delta _{1}\cup \Delta _{2}} Δ 1 = { ( ( q A , q B , 1 ) , a , ( q A ′ , q B ′ , i ) ) | ( q A , a , q A ′ ) ∈ Δ A and ( q B , a , q B ′ ) ∈ Δ B and if q A ∈ F A then i = 2 else i = 1 } {\displaystyle \Delta _{1}=\{((q_{A},q_{B},1),a,(q'_{A},q'_{B},i))|(q_{A},a,q'_{A})\in \Delta _{A}{\text{ and }}(q_{B},a,q'_{B})\in \Delta _{B}{\text{ and if }}q_{A}\in F_{A}{\text{ then }}i=2{\text{ else }}i=1\}} Δ 2 = { ( ( q A , q B , 2 ) , a , ( q A ′ , q B ′ , i ) ) | ( q A , a , q A ′ ) ∈ Δ A and ( q B , a , q B ′ ) ∈ Δ B and if q B ∈ F B then i = 1 else i = 2 } {\displaystyle \Delta _{2}=\{((q_{A},q_{B},2),a,(q'_{A},q'_{B},i))|(q_{A},a,q'_{A})\in \Delta _{A}{\text{ and }}(q_{B},a,q'_{B})\in \Delta _{B}{\text{ and if }}q_{B}\in F_{B}{\text{ then }}i=1{\text{ else }}i=2\}} I ′ = I A × I B × { 1 } {\displaystyle I'=I_{A}\times I_{B}\times \{1\}} F ′ = { ( q A , q B , 2 ) | q B ∈ F B } {\displaystyle F'=\{(q_{A},q_{B},2)|q_{B}\in F_{B}\}} By construction, r ′ = ( q A 0 , q B 0 , i 0 ) , ( q A 1 , q B 1 , i 1 ) , … {\displaystyle r'=(q_{A}^{0},q_{B}^{0},i^{0}),(q_{A}^{1},q_{B}^{1},i^{1}),\dots } is a run of automaton A' on input word w {\textstyle w} if r A = q A 0 , q A 1 , … {\displaystyle r_{A}=q_{A}^{0},q_{A}^{1},\dots } is run of A {\textstyle A} on w {\textstyle w} and r B = q B 0 , q B 1 , … {\displaystyle r_{B}=q_{B}^{0},q_{B}^{1},\dots } is run of B {\textstyle B} on w {\textstyle w} . r A {\textstyle r_{A}} is accepting and r B {\textstyle r_{B}} is accepting if r ′ {\textstyle r'} is concatenation of an infinite series of finite segments of 1-states (states with third component 1) and 2-states (states with third component 2) alternatively. There is such a series of segments of r ′ {\textstyle r'} if r ′ {\textstyle r'} is accepted by A ′ {\textstyle A'} . Concatenation: There is a Büchi automaton that recognizes the language L ( C ) ⋅ L ( A ) . {\displaystyle L(C)\cdot L(A).} Proof: If we assume, w.l.o.g., Q C ∩ Q A {\displaystyle Q_{C}\cap Q_{A}} is empty then the Büchi automaton A ′ = ( Q C ∪ Q A , Σ , Δ ′ , I ′ , F A ) {\displaystyle A'=(Q_{C}\cup Q_{A},\Sigma ,\Delta ',I',F_{A})} recognizes L ( C ) ⋅ L ( A ) {\displaystyle L(C)\cdot L(A)} , where Δ ′ = Δ A ∪ Δ C ∪ { ( q , a , q ′ ) | q ′ ∈ I A and ∃ f ∈ F C . ( q , a , f ) ∈ Δ C } {\displaystyle \Delta '=\Delta _{A}\cup \Delta _{C}\cup \{(q,a,q')|q'\in I_{A}{\text{ and }}\exists f\in F_{C}.(q,a,f)\in \Delta _{C}\}} if I C ∩ F C is empty then I ′ = I C otherwise I ′ = I C ∪ I A {\displaystyle {\text{ if }}I_{C}\cap F_{C}{\text{ is empty then }}I'=I_{C}{\text{ otherwise }}I'=I_{C}\cup I_{A}} ω-closure: If L ( C ) {\displaystyle L(C)} does not contain the empty word then there is a Büchi automaton that recognizes the language L ( C ) ω . {\displaystyle L(C)^{\omega }.} Proof: The Büchi automaton that recognizes L ( C ) ω {\displaystyle L(C)^{\omega }} is constructed in two stages. First, we construct a finite automaton A ′ {\textstyle A'} such that A ′ {\textstyle A'} also recognizes L ( C ) {\displaystyle L(C)} but there are no incoming transitions to initial states of A ′ {\textstyle A'} . So, A ′ = ( Q C ∪ { q new } , Σ , Δ ′ , { q new } , F C ) , {\displaystyle A'=(Q_{C}\cup \{q_{\text{new}}\},\Sigma ,\Delta ',\{q_{\text{new}}\},F_{C}),} where Δ ′ = Δ C ∪ { ( q new , a , q ′ ) | ∃ q ∈ I C . ( q , a , q ′ ) ∈ Δ C } . {\displaystyle \Delta '=\Delta _{C}\cup \{(q_{\text{new}},a,q')|\exists q\in I_{C}.(q,a,q')\in \Delta _{C}\}.} Note that L ( C ) = L ( A ′ ) {\displaystyle L(C)=L(A')} because L ( C ) {\displaystyle L(C)} does not contain the empty string. Second, we will construct the Büchi automaton A ″ {\textstyle A''} that recognize L ( C ) ω {\displaystyle L(C)^{\omega }} by adding a loop back to the initial state of A ′ {\textstyle A'} . So, A ″ = ( Q C ∪ { q new } , Σ , Δ ″ , { q new } , { q new } ) {\displaystyle A''=(Q_{C}\cup \{q_{\text{new}}\},\Sigma ,\Delta '',\{q_{\text{new}}\},\{q_{\text{new}}\})} , where Δ ″ = Δ ′ ∪ { ( q , a , q new ) | ∃ q ′ ∈ F C . ( q , a , q ′ ) ∈ Δ ′ } . {\displaystyle \Delta ''=\Delta '\cup \{(q,a,q_{\text{new}})|\exists q'\in F_{C}.(q,a,q')\in \Delta '\}.} Complementation: