MondayApr 08, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Financial Results and Operational Updates for Q4 and Full Year Ending December 31, 2023

Bookings and revenue for the full year, as well as Q4 YOY, showed significant increases, with a number of operational and technical developments and market achievements Key additions to the leadership team include Lorenzo Martinelli as Chief Revenue Officer and Dr. Trevor Lanting as Chief Development Officer. Sec. Kirstjen Nielsen, former Secretary of Homeland Security, has joined the Board of Directors D-Wave's current commercial product offerings include Advantage(TM), its fifth-generation quantum computer, the Leap(TM) quantum cloud service, the Launch(TM) quantum computing onboarding service, the Ocean(TM) suite of open-source programming tools, and the Quantum QuickStart(TM) quantum programming training D-Wave Quantum (NYSE:…

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MondayApr 08, 2024 9:00 am

Tesla Reveals Q1 Saw Record Deployments of Its Energy Storage Products

Earlier this week, Tesla Inc. (NASDAQ: TSLA) announced a huge milestone in its energy-storage deployment. In its statement, the automotive and clean energy company revealed that during the first quarter of this year, 4053 MWh of energy-storage products had been deployed. This represents the highest deployment made by the company in a quarter to date. During the same period, the company produced more than 433,000 vehicles, with about 387,000 of them being delivered to clients. Tesla’s production figures include more than 412,000 Model Y and Model 3 vehicles, which are its highest-volume models. Deliveries of this duo made up 369,783…

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FridayApr 05, 2024 9:00 am

QuantumScape Corp. Starts Making Deliveries of Battery Prototypes

Recently, QuantumScape Corp. (NYSE: QS) announced that it had begun shipping its latest battery prototype in accordance with this year’s objectives. This marks an important step in the company’s journey toward the commercialization of its QSE-5 battery cell. The battery prototypes, Alpha-2 battery cells, represent an evolution from the A0 prototypes that were sent to consumers for automotive qualification at the end of 2022. One of its clients, PowerCo, confirmed that QuantumScape’s solid state cell significantly outdid the requirements in the A-sample test and completed more than 1,000 charging cycles. For an electric vehicle with a range of 500–600 kilometers…

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WednesdayApr 03, 2024 9:00 am

Fisker Future Shaky as NYSE Halts Trading of Shares

Last week, Fisker Inc. (NYSE: FSR) shares were halted on the NYSE after the stock exchange announced that the auto-manufacturer’s stock would be delisted because of low price levels. This comes after the company gave a warning in its latest earnings report that it may not have enough funds to survive 2024. According to a filing Fisker made with the United States Securities and Exchange Commission, delisting will require it to pay off debts due in 2025 and buy back bonds due in 2026. Earlier this month, the EV company had announced that it was in talks with a major…

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MondayApr 01, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Upcoming Fourth Quarter Financial Results and Conference Call

D-Wave will release its financial results for the fourth quarter and fiscal year 2023 before market open on Thursday, March 28, 2024 D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to address the company’s financial performance and strategic outlook CEO Alan Baratz and CFO John Markovich will participate in the conference call discussion D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced the scheduled release of its financial results for the fourth quarter and fiscal year 2023, which concluded on December 31, 2023. The release is set…

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MondayApr 01, 2024 9:00 am

Alibaba Cloud Announces Training Facility in Dubai

Earlier this week, Alibaba Group Holding Ltd. (NYSE: BABA) officially launched a training facility in Dubai. The training center, under the Alibaba Cloud umbrella, will operate as the digital technology and intelligence backbone of the multinational technology company,  which specializes in e-commerce, retail, internet and technology. Alibaba Cloud is situated in Dubai Internet City, an international technology ecosystem that is part of TECOM Group’s portfolio of businesses in Dubai. TECOM’s other projects include Dubai International Academic City, Dubai Media City, Dubai Production City, Dubai Design District (d3), Dubai Knowledge Park, Dubai Studio City, Dubai Industrial City and Dubai Science Park.…

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