News Archives - Page 10 of 18 - BillionDollarClub

ThursdayDec 21, 2023 2:46 pm

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Commences Production at Three US Uranium Mines

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers…

TuesdayDec 19, 2023 1:03 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Partners with VINCI Energies, QuantumBasel to Leverage Quantum Computing in HVAC Design Enhancement

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, is involved in an innovative initiative using quantum computing to improve efficiency in the design of heating, ventilation and air-conditioning (“HVAC”) systems for complex buildings. D-Wave Wantum is joined by VINCI Energies and uptownBasel/QuantumBasel in the partnership, which has already successfully transformed the complex HVAC network-generation problem into a constrained quadratic model (“CQM”), potentially efficiently solvable by D-Wave's quantum-classical hybrid solvers. According to the announcement, this first phase of the project marks “a clear step away from traditional computational methods to a more innovative, quantum-classical hybrid approach.”…

TuesdayDec 12, 2023 1:05 pm

BillionDollarBreaks – Lucid Group Inc. (NASDAQ: LCID) Announces Departure of CFO Sherry House

Lucid Group (NASDAQ: LCID) has announced that its Chief Financial Officer (“CFO”) Sherry House is resigning from her position, effective immediately, to pursue other opportunities. According to the announcement, House will be available in an advisory role through Dec. 31, 2023, to assist in the transition of her duties. Lucid’s current VP of Accounting and Principal Accounting Officer Gagan Dhingra will additionally serve as interim CFO and principal financial officer, effective immediately, while Lucid’s search for a replacement for House is underway. “I want to thank Sherry for her contributions to the company during her tenure,” said Lucid’s CEO and…

FridayDec 08, 2023 5:37 pm

BillionDollarBreaks — Lucid Group Inc. (NASDAQ: LCID), SiriusXM Canada Partner to Bring Audio Entertainment Offering to Canadian Lucid Owners

Lucid Group (NASDAQ: LCID) has announced a partnership with SiriusXM Canada to offer all new and existing Canadian Lucid owners a three-month trial subscription to SiriusXM's comprehensive audio entertainment. According to the announcement, SiriusXM is available in the LCID’s award-winning Lucid Air, the longest-range, fastest-charging electric car on the market. In addition, owners of the entire Lucid Air lineup will be offered access to SiriusXM through the trial subscription. Channels available through SiriusXM are expertly curated, free of ads and deliver a wide array of audio choices for listeners, covering every music genre across many decades. The platform also features…

WednesdayNov 15, 2023 1:42 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Successful Quantum Error Mitigation Results in Advantage2(TM) Prototype

D-Wave (NYSE: QBTS) is a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers. The company has announced important research results that demonstrate successful Quantum Error Mitigation (“QEM”) in its Advantage2(TM) annealing quantum computing experimental prototype. According to the announcement, the techniques reduce errors in quantum simulations, producing results consistent with the quantum system maintaining its quantum state (“coherence”) for an order of magnitude longer time than an unmitigated system. D-Wave expects to leverage these techniques to drive performance advancements in the forthcoming Advantage2 system and future processors. “Errors represent the most significant…

TuesdayNov 14, 2023 12:35 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Applauds New Legislation Aimed to Expand U.S. Quantum Initiative

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services as well as the world’s first commercial supplier of quantum computers, has announced support for new Congressional legislation. According to the announcement, the company applauds National Quantum Initiative (“NQI”) legislation that includes all quantum computing systems and focuses on near-term application development. In addition, D-Wave CEO Dr. Alan Baratz met with members of Congress earlier this year, urging their support to reauthorize the NQI and ensure that the legislation is expanded to encompass all quantum-computing technologies, including annealing, gate model and quantum-hybrid. The new legislation is designed…

MondayNov 13, 2023 3:24 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Releases Q3 2023 Financial Results

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, is reporting its numbers for the third quarter of 2023. Highlights of the report included revenue of $2.6 million for the quarter, an increase of 50% sequentially from Q2 and an increase of 51% on a year over year basis. Commercial revenue increased by 62% year over year and constituted 70% of total revenue over the last four quarters, up from 50% over the prior four quarters. Q3 bookings totaled $2.9 million, up 53% on a year-to-year basis with Q3 representing the company’s sixth consecutive quarter of year…

ThursdayOct 26, 2023 3:38 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS), QuantumBasel Announce Two-Year Agreement Extension to Fuel Quantum Commercial Adoption

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services as well as the world’s first commercial supplier of quantum computers, has extended its relationship with QuantumBasel. In addition, according to the announcement, D-Wave is planning to open a European office on the QuantumBasel campus to support the companies’ collaboration in fast tracking the commercialization of quantum computing in the region and facilitating increased development of near-term quantum applications for businesses, governments and researchers. QuantumBasel is Switzerland’s first quantum hub for commercial use embedded in the uptownBasel innovation campus, which serves as a global hub for Industry…

WednesdayOct 25, 2023 3:24 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Schedules Q3 2023 Earnings Call

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, has announced plans to report on its third-quarter financial results for the period ended Sept. 30, 2023. The company will issue its third quarter earnings press release before market opens on Nov. 9, 2023. In addition, D-Wave Quantum CEO Alan Baratz and CFO John Markovich will host a conference call on the same day; the call will begin at 8 a.m. ET. During the call, company officials will discuss D-Wave Quantum financial results as well as its business outlook. Those interested can access by call by dialing…

WednesdayOct 18, 2023 3:51 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Launches New Open-Source Demo Highlighting Quantum System’s Ability to Improve Cellphone Network Transmission

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 released a new open-source demonstration that highlights how the company’s Advantage(TM) annealing quantum computing system can be used to tackle wireless channel decoding. Available in the Leap(TM) real-time quantum cloud service from D-Wave, the demonstration is designed to identify solutions for increasing transmission capacity for wireless and cellular networks using coordinated multipoint decoding. According to the announcement, nearly 12 billion mobile connections exist worldwide, and the wireless industry requires innovative solutions to ensure high-quality levels of service…

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