February 2025 - BillionDollarClub

FridayFeb 28, 2025 12:20 pm

Forschungszentrum Jülich Becomes First High-Performance Computing Center to Own a D-Wave Quantum Inc. (NYSE: QBTS) Advantage System

Forschungszentrum Jülich scientists have already leveraged D-Wave's technology for research on protein folding, electron interactions and quantum physics. The Advantage™ system features over 5,000 qubits and 15-way connectivity, advancing quantum optimization research. The quantum system will be linked to JUPITER, Europe’s first exascale supercomputer, potentially enabling novel computational applications. The system will be upgraded to D-Wave’s next-generation Advantage2™ quantum processor when available, which D-Wave expects will deliver doubled coherence time, higher qubit connectivity and 40% improvement in energy scaling. The collaboration is anticipated to take the use of quantum technology to a new level, according to Prof. Kristel Michielsen, head…

FridayFeb 28, 2025 10:00 am

Big Tech, Crypto Start Seeing Electoral Investment Gains as Trump Makes Friendly Decisions

The millions of dollars that Big Tech and cryptocurrency firms used to support Donald Trump’s re-election campaign are now yielding substantial returns. Ever since he took office, the government led by Trump has rolled out a series of tech-friendly directives, among them being deregulation, lawsuit dismissals, and policy rollbacks that benefit major industry players. The current administration has adopted a hands-off regulatory approach, reversing many policies that previously sought to hold tech giants accountable. Among the biggest beneficiaries of these moves are artificial intelligence (AI), cryptocurrency, and social media firms, many of which contributed significantly to Trump’s campaign. The shift…

ThursdayFeb 27, 2025 10:00 am

Goldman Sachs Leads as the Banking Industry Adopts AI

Artificial Intelligence is rapidly transforming the banking industry, and Goldman Sachs is one of the leading banks embracing this change. A recent report by Evident’s AI benchmarking platform shows that AI is no longer just an experiment in banking. Instead, it has become an essential tool for improving efficiency, security, and customer experience. Evident’s AI Use Case Tracker has identified 167 examples of AI being used in the world’s 50 largest banks. Some of the biggest names in banking, including Goldman Sachs, JPMorgan Chase, Commonwealth Bank, and ANZ, are investing heavily in AI. This shift marks a major turning point…

TuesdayFeb 25, 2025 10:00 am

Mercedes is Conducting Solid-State Battery Tests in its EVs

Mercedes is making progress in electric vehicle (EV) technology by testing solid-state batteries in select prototype vehicles. These advanced batteries, according to industry experts, could change the EV industry by offering longer driving ranges, faster charging, and better safety. Unlike traditional lithium-ion batteries, solid-state batteries use a solid electrolyte instead of a liquid one. This makes them safer, more efficient, and capable of holding more energy. To develop this technology, the German automaker has partnered with Factorial Energy, a company specializing in battery advancements. This collaboration aims to bring a revolutionary change in the EV market, setting new performance benchmarks.…

FridayFeb 21, 2025 10:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Qubits 2025 Conference to Showcase ‘Quantum Realized’ Across Scientific Achievements, Technical Advancements and Commercial Applications

D-Wave’s Qubits 2025 quantum computing user conference will be held in Scottsdale, Arizona, March 31 and April 1, as well as a virtual livestream of the first day’s talks. The event will feature presentations from D-Wave executives, customers and industry thought leaders, highlighting product and technical roadmap updates, scientific advancements, the intersection of quantum and AI, and more. Presentations will showcase how the company’s quantum technology is delivering tangible value today. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first supplier of production-grade quantum computers, announced that its Qubits 2025 quantum computing…

FridayFeb 21, 2025 10:00 am

Toyota Unveils its Next-Generation Fuel Cell System

Toyota Motor Corporation has taken another bold step toward a hydrogen-powered future with the launch of its third-generation fuel cell (3rd Gen FC) system. Designed with enhanced durability, efficiency, and cost-effectiveness, this next-generation system is set to revolutionize the commercial sector and accelerate the adoption of hydrogen fuel technology worldwide. Toyota’s 3rd Gen FC system is a significant advancement over its predecessors, offering durability comparable to diesel engines while requiring minimal maintenance. The system boasts a 20% improvement in fuel efficiency, enabling a longer cruising range, and incorporates manufacturing innovations that significantly reduce costs. These enhancements make hydrogen fuel cells…

ThursdayFeb 20, 2025 10:00 am

Chainalysis Predicts Surge in Crypto Scams Due to AI Use

The world of cryptocurrency continues to expand, but so do the risks. A report recently published by Chainalysis found that cryptocurrency scams took at least $9.9 billion in 2024, with projections suggesting that the final figure may reach $12.4 billion. This alarming rise in fraudulent activity is being driven in part by the increasing use of generative AI, which allows scammers to operate with greater sophistication and efficiency. AI has rapidly changed many industries, and unfortunately, scammers are taking advantage of its capabilities. With the help of generative AI, fraudsters can create convincing fake identities, automate deceptive conversations, and scale…

WednesdayFeb 19, 2025 10:00 am

Trump Admin Reveals it Doesn’t Plan to Execute $400m Contract for ‘Armored Teslas’

The Trump administration has announced that it will not be proceeding with a $400 million contract to purchase armored Tesla vehicles. The decision comes after widespread public attention and scrutiny regarding the proposed deal, which was initially revealed in a federal contract document for the fiscal year 2025. The contract, which was expected to be executed in September 2025, raised eyebrows due to Tesla CEO Elon Musk’s role in the government. Musk has been leading the Department of Government Efficiency, a unit tasked with reducing federal expenditures and addressing corruption. Critics expressed concerns about potential conflicts of interest as Musk…

FridayFeb 14, 2025 10:00 am

China’s Leapmotor Unveils $20K Smart EV in the Wake of BYD’s Price Cuts

China’s electric vehicle (EV) market is experiencing a major shift as Leapmotor, a rising EV manufacturer, launches its latest smart electric vehicle. The new model, the B10, offers advanced driving technology at a competitive price of under 150,000 yuan ($20,535). This announcement comes just a day after BYD, another leading Chinese EV maker, slashed the prices of its smart EVs, intensifying competition in the market. Analysts predict these moves could trigger a new wave of price cuts and technological advancements in the EV industry. On Tuesday, Leapmotor, which has partnered with global automaker Stellantis, unveiled its newest electric vehicle, the…

ThursdayFeb 13, 2025 10:00 am

Used EV Sales Surge in the UK as Drivers Seek Affordable Alternatives

The UK’s used electric vehicle (EV) market is experiencing unprecedented growth as more drivers seek cost-effective alternatives to petrol and diesel cars. Recent data from the Society of Motor Manufacturers and Traders (SMMT) reveals that 188,000 used EVs changed hands in 2024, marking a significant increase from the previous year and accounting for 2.5% of total used car sales. This surge reflects a growing shift in consumer preferences amid rising fuel costs and evolving automotive policies. The overall used car market in the UK remained robust in 2024, with total sales reaching 7.6 million vehicles—an increase from 7.2 million in…

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Month: February 2025