News Archives - BillionDollarClub

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…

MondayMar 18, 2024 11:50 am

BillionDollarBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Schedules Q4, FY 2023 Earnings Call

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, plans to release its financial results for the fourth quarter and fiscal year 2023 for the period ended Dec. 31, 2023 before market open on March 28, 2024. In addition, the company has scheduled a conference call that same day to discuss the financial report along with the company outlook; the call is scheduled to begin at 8 a.m. ET. D-Wave CEO Dr. Alan Baratz and CFO John Markovich will host the call. Those wanting to access the…

ThursdayMar 14, 2024 1:50 pm

BillionDollarBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Executives to Participate in 36th Annual Roth Conference

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 CEO Dr. Alan Baratz and CFO John Markovich will present at the 36th Annual Roth Conference. The three-day event is scheduled for March 17–19, 2024, in Dana Point, California. According to the announcement, Dr. Baratz will also participate in a fireside chat scheduled for 1 p.m. PT on March 19. A replay of the fireside chat will be available following the presentation. To register for the fireside chat, visit https://ibn.fm/f5g7r To view the full press…

TuesdayMar 12, 2024 11:49 am

BillionDollarBreaks – ChatGPT Lists D-Wave Quantum Inc. (NYSE: QBTS) as One of Three Quantum Computing Stocks with 10x Potential

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, was one of three companies listed in a recent InvestorPlace article titled “ChatGPT Stock Predictions: 3 Quantum Computing Companies the AI Bot Thinks Have 10X Potential.” International Business Machines (NYSE: IBM) and Nvidia (NASDAQ: NVDA) were the other two companies mentioned. The article noted that the field of quantum computing may just be the next big thing, as it has the potential to solve complex problems that generally slow down classical computers. Examples of utilizing the technology include addressing challenges that involve processing vast quantities of…

WednesdayMar 06, 2024 1:19 pm

BillionDollarBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Unveils GTM Growth Strategy to Increase Adoption and Deployment of Quantum Technologies

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 a new go-to-market (“GTM”) growth strategy designed to accelerate adoption and deployment of commercial quantum technologies. According to the announcement, the strategy, which is focused on key verticals including logistics, manufacturing and government, extends D-Wave’s leadership position in commercial quantum computing and helps organizations solve their most computationally complex problems today. The company has also unveiled a logistics-focused campaign to support the new GTM effort. The campaign includes a new e-book titled “Moving Forward: How Quantum-Powered Logistics…

WednesdayFeb 28, 2024 2:20 pm

BillionDollarBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Announces New Starter Course for Quantum Computing Programmers

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, has unveiled a six-module quantum training course designed for beginner quantum programmers. Called “Foundations for Quantum Programming,” the self-paced, online course teaches essential mathematics and Python skills and prepares individuals to continue on to successfully take D-Wave’s flagship course, “Quantum Programming Core.” The course includes video presentations, quizzes and hands-on programming activities that will assist students in learning to identify optimization problem objectives and variables, represent problem objectives as mathematical expressions, convert constraints to penalty functions…

ThursdayFeb 22, 2024 3:04 pm

BillionDollarBreaks — Rivian Automotive Inc. (NASDAQ: RIVN) Stock Drops after Q4 Financial Report Misses Mark

Rivian Automotive (NASDAQ: RIVN) saw its stock reach a record low after the company released its Q4 results, which included a production and profit forecast that missed Wall Street expectations. According to the report, the company anticipates that vehicle production for 2024 will total an estimated 57,000 units, which is significantly lower than the 80,000 units projected. In addition, the company noted that in terms of full-year profitability, it estimates an adjusted EBITDA loss of $2.7 billion vs. the $2.59 billion expected, with capital expenditure outlays hitting $1.75 billion vs. the $2.37 billion forecast. Rivian also announced plans to lay…

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