News Archives - Page 5 of 20 - BillionDollarClub

MondayDec 16, 2024 10:42 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Completes $175M Equity Offering, Strengthening Financial Position

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, announced the successful completion of $175 million in gross proceeds from its $100 million and $75 million "at-the-market" equity offering programs. The $75 million program, initiated on December 9, closed at an average price of $4.8149 per share, with D-Wave stock trading at a Volume Weighted Average Price of $4.6625 over the same period. The company expects to conclude the fiscal 2024 fourth quarter with at least $160 million in cash. The funds will be used to…

MondayDec 09, 2024 7:30 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Highlights Commercial Success of Annealing Quantum Computing on Fox Business

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing, announced that CEO Dr. Alan Baratz recently appeared on Fox Business' Making Money with Charles Payne, discussing the state of the quantum industry and D-Wave's advancements in the space. Dr. Baratz emphasized that D-Wave operates the world’s largest quantum computers, which are being used now to support business applications. The company’s annealing quantum computing technology excels in solving complex optimization problems, such as workforce scheduling, logistics routing, and resource allocation. D-Wave views annealing as a key driver for the commercial adoption of quantum computing. To view the full press release,…

WednesdayDec 04, 2024 10:15 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Appoints Sharon Holt to Board of Directors

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 appointed Sharon Holt to its board of directors. Joining recent board additions John DiLullo and Rohit Ghai, Holt brings extensive experience in semiconductors, embedded technologies, and intellectual property via executive roles held at Rambus Inc., Agilent Technologies, and HP. Currently a principal at Fraser Stuart Ventures, she also serves on the board of Infinera Corp. Holt expressed enthusiasm for supporting D-Wave’s role in advancing quantum computing for real-world applications, while board chair Steve West highlighted…

FridayNov 15, 2024 10:56 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Reports Q3 Progress with New Partnerships, Technical Milestones, and Continued Exploration of Quantum AI Solutions

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) shared its Q3 2024 business results, highlighting continued advancements in commercial quantum computing. Key developments include NTT DOCOMO, Japan’s largest mobile phone operator, planning to deploy a D-Wave-powered network optimization solution, a collaboration with Japan Tobacco on drug discovery leveraging quantum with artificial intelligence (AI), and D-Wave’s designation as “awardable” on the US Department of Defense’s Tradewinds marketplace. From a technology perspective, the company also completed calibration and benchmarking on a 4,400-qubit Advantage2™ processor, which is showing significant performance gains over the current Advantage™ system, the world’s largest quantum computer. D-Wave also introduced industry-leading…

FridayNov 08, 2024 11:42 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Showcases Quantum Computing Innovations at University of Southern California’s Quantum Technologies Forum

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) recently participated in the Quantum Technologies Forum hosted by the University of Southern California (USC), presenting the latest advancements in its annealing quantum computing technology. D-Wave’s participation in the event highlights the company’s ongoing partnership with USC, which was the first organization to host a D-Wave Advantage™ quantum system in the United States in 2022. Through D-Wave’s Leap™ quantum cloud service, USC’s Viterbi School of Engineering has leveraged this 5,000+ qubit system—the largest of its kind—for pioneering research in areas such as protein binding classification and quantum coherence. The forum, which convened experts across…

MondayNov 04, 2024 12:04 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Report Q3 Financial Results and Host Investor Call

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leading quantum computing company, will release its financial results for the third quarter of fiscal year 2024 ended September 30, 2024 on November 14, prior to market opening. Following the release, D-Wave will hold a conference call at 8 a.m. ET, featuring CEO Dr. Alan Baratz and CFO John Markovich, to discuss the financial results and provide insights into the company’s business outlook. Investors can join the call through the dial-in numbers provided via the press release. To view the full press release, visit https://ibn.fm/2oxyv About D-Wave Quantum Inc. D-Wave is a leader in…

ThursdayOct 31, 2024 12:12 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Strengthens Board with Key Appointments

D-Wave Quantum (NYSE: QBTS) (“D-Wave”) has appointed technology leaders John DiLullo, CEO of Deepwatch, and Rohit Ghai, CEO of RSA, to its board of directors as the company executes an aggressive go-to-market strategy designed to drive the rapid adoption of its annealing quantum computing solutions across global businesses, research institutions and government agencies. DiLullo and Ghai bring extensive expertise in accelerating growth and profitability, commercial technology adoption, and digital transformation. Their additions are strategically timed as D-Wave looks to leverage growth opportunities in fields like AI, logistics, and material science, underscoring its leadership in quantum computing. To view the full…

MondayOct 14, 2024 12:46 pm

BillionDollarBreaks – Lucid Group Inc. (NASDAQ: LCID) Partners with Four Seasons to Provide Guests with Unique, Ecofriendly Driving Options

Lucid Group (NASDAQ: LCID), maker of the world's most-advanced electric vehicles, is teaming up with Four Seasons hotels and resorts to offer complimentary cars for guest use at select locations. The collaboration begins this month and underscores the commitment both companies have for environmental stewardship as well as providing guests with flexible, unique, ecofriendly experiences during their stays. Guests can either reserve a Lucid vehicle for a complimentary driving experience or enjoy a chauffeured Lucid house car, based on availability. In addition, Lucid is providing electric vehicle chargers, which are compatible with other electric vehicle types and will be…

FridayOct 11, 2024 10:14 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Participate in the 2024 INFORMS Annual Meeting in Seattle

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, today announced that it will participate in the 2024 INFORMS Annual Meeting scheduled for October 20-23, 2024, in Seattle, Washington. Murray Thom, D-Wave’s VP of quantum technology evangelism, will speak at the event’s Technology Showcase on October 21, highlighting how the company’s annealing quantum technology is tackling complex optimization problems for customers today. Catherine Potts, D-Wave staff technical advisor, will lead a pre-meeting exhibitor workshop on the fundamentals of quantum computing, demonstrating use case examples and real-world live applications, on October 19. In addition, D-Wave…

MondayOct 07, 2024 1:14 pm

BillionDollarBreaks – Lucid Group Inc. (NASDAQ: LCID) Provides Q3 Production and Delivery Numbers, Schedules Release of Q3 2024 Financial Results

Lucid Group (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced that it produced 1,805 vehicles and delivered 2,781 vehicles during the quarter ended September 30, 2024. According to the announcement, 8% of the vehicle deliveries were subject to operating lease accounting. The company also announced that it will host a conference call to discuss its Q3 2024 financial results subsequent to the issuance of an earnings press release. The call is scheduled for Thursday, November 7, 2024, at 2:30 p.m. PT / 5:30 p.m. ET. The link to the live webcast will be available on the…

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