BillionDollarBreaks Archive - Page 7 of 19

TuesdayMay 28, 2024 3:40 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Join Russell 3000 Index in July

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, announced that it will be joining the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual Reconstitution, according to a preliminary list of additions posted on Friday, May 24, 2024. The move will be effective at the open of U.S. equity markets on July 1, 2024. According to the announcement, the annual Russell U.S. Indexes Reconstitution captures the 4000 largest U.S. stocks as of April 30, 2024. Membership in the index remains…

WednesdayMay 22, 2024 2:09 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) CEO Urges Leaders to Plan for AI and Quantum Future

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, today announced that Dr. Alan Baratz, CEO of D-Wave, has published a new guest column as part of the Forbes Technology Council that calls upon business leaders to immediately prioritize the exploration of quantum computing as they continue to accelerate their artificial intelligence (AI) adoption. In his column, Dr. Baratz explains that as AI continues to advance, it also consumes significant amounts of energy, and quantum computing could be used to identify and develop more powerful and sustainable AI models. “With sustainability now an added…

TuesdayMay 21, 2024 10:50 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Participation in Upcoming Reuters 2024 Supply Chain USA Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, will present at this month’s Reuters Supply Chain USA 2024 conference, which is slated for May 22–23, 2024, in Atlanta. During the conference, D-Wave VP of quantum technology evangelism Murray Thom will speak about quantum computing’s role in addressing optimization challenges facing the supply chain and how this emerging technology can help organizations maintain adaptability in the face of persistent disruption. “Quantum computing holds the key to solving some of the most intricate optimization challenges faced by supply chain executives,” said D-Wave chief revenue officer Lorenzo…

WednesdayMay 15, 2024 2:27 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Q1 2024 Results, Renews Agreement with the University of Southern California to Advance Annealing Quantum Computing Research and Adoption

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, has announced financial results for its first fiscal quarter ended March 31, 2024. Q1 revenues were up more than 50% year over year and Q1 gross profit surged 294% year over year. “We believe D-Wave’s first quarter revenue and bookings reflect growing customer demand for quantum and hybrid quantum solutions that can drive measurable impact today,” said Dr. Alan Baratz, CEO of D-Wave. “Coupled with the significant technical milestones we’ve achieved with the Advantage2™ prototype, we believe our progress leading the commercialization of quantum is…

WednesdayMay 08, 2024 2:54 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Participation in Upcoming Needham Technology, Media and Consumer Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, will be participating in this month’s 19th Annual Needham Technology, Media and Consumer Conference. The three-day conference is scheduled for May 14–16, 2024. D-Wave CEO Dr. Alan Baratz is slated to participate in a fireside chat that begins at 1:30 p.m. ET on May 16. During the discussion, Dr. Baratz will provide an overview of the company’s latest advancements and its strategic direction, as well as the measurable outcomes that quantum computing is delivering for businesses today. An archived version of the webcast will be made available on…

MondayApr 22, 2024 11:17 am

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters SID Agreement for Base Resources Transformational Acquisition

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REEs”) and vanadium has executed a definitive scheme implementation deed (“SID”) with Base Resources Limited. According to the agreement, Energy Fuels has agreed to acquire 100% of the issued shares of Base Resources in consideration for 0.0260 Energy Fuels common shares and A$0.065 in cash; the transaction will be payable by way of a special dividend by Base Resources to its shareholders for each Base Resources ordinary share held. The transaction has a total equity value of an estimated A$375 million. Highlights of the agreement include that…

WednesdayApr 17, 2024 2:59 pm

BillionDollarBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces Enhanced Features of 2024 Lucid Air Grand Touring Model

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, has released details about its 2024 Lucid Air Grand Touring. This year’s model features enhancements designed to help people drive farther and charge faster in a broader range of environments and conditions. Enhanced features include an EPA-estimated range of 516 miles, the longest range of any EV in the U.S. market today; more efficiency and more sustainable performance, thanks to the vehicle’s proprietary motor design, battery cell chemistry and thermal characteristics; and an estimated 15%–30% faster…

MondayMar 25, 2024 2:17 pm

BillionDollarBreaks — The Register Interviews D-Wave Quantum Inc. (NYSE: QBTS), Highlights Quantum Computing’s Potential Impact on AI

The Register, a British technology news website with millions of unique visitors per month, recently published an article about OpenAI’s recent interest in quantum. To gain insight, The Register interviewed Murray Thom, D-Wave's VP of Quantum Technology Evangelism, and Trevor Lanting, D-Wave's Chief Development Officer. Lanting explained, "As you're training [an AI] model, the number of parameters that go into the model really drives the cost and the complexity of training the model.” He further elaborated that developers are currently getting around this by choosing which features they think are going to be important for training a particular model. Lanting…

MondayMar 25, 2024 12:49 pm

BillionDollarBreaks – Lucid Group Inc. (NASDAQ: LCID) Receives $1B Investment from Major Stockholder

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle and selected to Car and Driver's 10-Best list for 2024, has received an additional investment from its majority stockholder. The company has entered into an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund ("PIF"), to purchase $1 billion of newly created series of convertible preferred stock via private placement; the purchase is subject to customary agreements. Lucid anticipates using the funds from the private placement for general corporate purposes. “We are extremely pleased…

ThursdayMar 21, 2024 2:08 pm

BillionDollarBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Bolsters Executive Team with Addition of Chief Revenue Officer and Chief Development Officer

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, has expanded its executive team as the company positions itself in a growing market. The company has appointed cloud entrepreneur and IT industry veteran Lorenzo Martinelli as its first chief revenue officer and Dr. Trevor Lanting as its chief development officer. According to the announcement, the new appointments will “supercharge” D-Wave’s go-to-market (“GTM”) growth strategy as well as product innovation. In his new position, Martinelli will oversee sales, marketing, professional services, and customer success as well as spearhead…

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