Billion Dollar Club Archives - BillionDollarClub

ThursdayMay 29, 2025 11:15 am

D-Wave Quantum Inc. (NYSE: QBTS) CEO Highlights Revenue Increase, Commercial and Technical Momentum, in Fox Business Interview

D-Wave reported Q1 2025 revenue of $15 million, up 509% year over year. The revenue jump was driven by the sale of an Advantage(TM) quantum system to the Jülich Supercomputing Centre in Germany. CEO Dr. Alan Baratz says D-Wave’s recent quantum supremacy demonstration influenced the sale, while also catching the attention of the supercomputer community and national labs around the world. Dr. Baratz reiterated that annealing quantum computing is uniquely suited for real-world optimization tasks. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial…

ThursdayMay 29, 2025 9:00 am

Irish Court Rejects Tumblr, Reddit’s Challenge to Regulator’s Platforms Classification

In a major decision for digital safety in Ireland, the High Court has turned down legal challenges from Reddit and Tumblr. Both platforms had tried to stop the country’s media authority from labeling them as video-sharing platform services (VSPS). However, the court ruled that the regulator acted within the law and made the right call. Ireland’s media authority, Coimisiún na Meán, included Reddit and Tumblr in a list of platforms required to follow strict safety rules under the Online Safety and Media Regulation Act 2022. This law is part of the EU’s Audiovisual Media Services Directive (AVMSD). The rules aim…

TuesdayMay 27, 2025 9:00 am

Why Millions Are Turning Away from Online Dating Apps

Online dating apps used to be exciting. Just a few years ago, many people were meeting their partners through swipes, messages, and matches. But things are changing. Millions of users around the world are now turning away from these apps, and it's not hard to understand why. Dating Apps are Losing Users In countries like the UK, some of the biggest dating apps lost over a million users last year. People are deleting the apps, taking breaks, or just giving up completely. The reasons are clear: users are feeling bored, frustrated, and disappointed. Boredom and Bad Behavior Many people join…

FridayMay 23, 2025 9:00 am

AI Could Provide Redemption for Crypto and Take it to the Next Level

For years, crypto promised to change the world. It was supposed to make money systems fair, remove middlemen, and give power back to the people. But instead of keeping these promises, much of the crypto world got caught up in quick profits, hype, and meme coins. The dream of decentralization got lost. Now, there's a new hope, artificial intelligence (AI). And this time, it might just be the second chance crypto needs. When Bitcoin first launched, it was meant to give people more control over their money. Later, other cryptocurrencies and smart contracts aimed to shake up industries like banking…

ThursdayMay 22, 2025 9:00 am

Lawmakers in Nebraska Approve Bill Regulating Crypto Miners

Nebraska lawmakers have taken a firm stance on cryptocurrency mining by passing a new bill aimed at controlling the energy consumption of large-scale operations. The bill, LB 526, received unanimous support in the state legislature and now awaits action from Governor Jim Pillen. If he signs it, or takes no action within five legislative days (excluding Sundays), it will automatically become law, going into effect on October 1, 2025. The legislation zeroes in on commercial crypto mining operations that use a megawatt (MW) of electricity or more. This threshold is designed to leave small-scale or hobbyist miners untouched, focusing instead…

TuesdayMay 20, 2025 9:00 am

Stanchart Creates Private Equity Unit in the US to Strengthen Investment Banking

Standard Chartered, also known as Stanchart, is making big moves in the world of investment banking. The bank has set up a new team in the United States to focus on private equity firms, hedge funds, and other big financial investors. This is part of its plan to grow its investment banking business and earn more from financial clients. The new team will be based in New York, but it will also have offices in London and Dubai. At the start, the team will have around 25 bankers. Some of them will be hired from outside the company. Stanchart says…

FridayMay 16, 2025 9:00 am

German Authorities Confiscate Crypto Worth $38m from Exchange Linked to Bybit Hack

German authorities have confiscated around $38 million worth of cryptocurrency from an exchange known as eXch, a platform suspected of helping cybercriminals launder stolen funds. This includes money linked to the $1.4 billion Bybit hack that happened earlier this year. The bust was announced on May 9, 2025 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office. Alongside the crypto, investigators also seized more than 8 terabytes of server data, effectively shutting down the platform. eXch had been active since 2014, offering a “crypto swapping” service where users could exchange one coin for another—no identity checks, no…

ThursdayMay 15, 2025 11:15 am

D-Wave Quantum Inc. (NYSE: QBTS) Reports Record First Quarter Revenue, Gross Profit and Cash Position

The company posted record quarterly revenue of $15 million, up over 500% from Q1 2024. Gross profit surged to $13.9 million, driven by a high-margin Advantage™ quantum system sale. The company ended Q1 with $304.3 million in cash, its highest quarter-end balance in the company’s history. Customer count grew to 133, with 69 commercial users including 25 Forbes Global 2000 firms. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, reported a significant increase in revenue, gross profit, and cash reserves for the first quarter of fiscal 2025, enabled by the sale of a…

ThursdayMay 15, 2025 9:00 am

China Races Ahead in Revolutionizing Battery Technology

In the global race to develop better, faster, and more efficient batteries, China is quickly emerging as a clear leader. While many countries are still exploring new possibilities, China has already taken major steps in transforming battery technology, with real-world results to show for it. This progress matters more than ever. Battery technology is no longer just about powering smartphones and laptops. It now plays a central role in the shift toward electric vehicles, renewable energy storage, and even national power grids. As the demand for clean energy grows, whoever leads in battery innovation gains a significant advantage. One of…

TuesdayMay 13, 2025 9:00 am

Mazda Announces its EVs Will Use NACS Chargers in Japan

Mazda has officially announced that its future electric vehicles (EVs) in Japan will use the North American Charging Standard (NACS), which was developed by Tesla. Starting from 2027, new Mazda EVs sold in Japan will be built with NACS charging ports. This decision means Mazda customers in Japan will be able to use Tesla’s Supercharger stations. These stations are known for being fast, reliable, and widely available. Mazda also shared that drivers will still be able to use other types of chargers by using special adapters. The goal of this move is to give customers more convenient charging options. In…

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