Billion Dollar Club Archives - Page 29 of 40

WednesdayMay 08, 2024 9:00 am

Nio Inc. April Deliveries Double, Push Shares Up 20%

Nio Inc. (NYSE: NIO), a pioneer in the premium small-electric-car market, recently saw its shares jump by 20%. A significant increase in vehicle deliveries in April was the catalyst, with shares listed on the Hong Kong market reaching 44.20 Hong Kong dollars. This represents a 23% rise and is its highest level in more than six weeks. The increase also bolstered the Hang Seng index, which rose 2% by midday trading. In its statement, Nio revealed that it delivered 15,620 cars last month. This represents a more than 134% year-on-year increase. Nio added that the deliveries comprised of 6,803 and…

MondayMay 06, 2024 9:00 am

Quantum Computing Could Make Genomic Analysis Hyper-Fast

Leading experts in the fields of genomics and quantum computing have teamed up to create new methods and algorithms for processing biological data using next-generation computing. For many genome experts, mapping out the human genome is a dream that has been out of reach since the genome was first identified. Analyzing and fully mapping the genome and accounting for diversity could superboost the understanding of DNA and lead to the development of personalized medicines. Humanity's limited technological capabilities in the face of something as complex as mapping out the entire human genome has kept us from achieving this lofty dream…

FridayMay 03, 2024 9:00 am

Lucid Air Earns Third Consecutive Award as Best Luxury EV

The Lucid Air has won the U.S. News & World Report’s Best Luxury Electric Car award for the third consecutive time. Launched in 2021, Lucid Motors (NASDAQ: LCID)’s Lucid Air is a four-door luxury sedan designed to compete with premium cars such as the Porsche Taycan and Tesla Model S as well as electric offerings from BMW, Mercedes-Benz and BMW. The Lucid Air was a hit with critics as soon as it hit the market and soon attracted the title of best luxury electric car against competitors such as Tesla and Porsche. With the luxury electric car snagging the title…

ThursdayMay 02, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Fast-Anneal Feature Availability in Leap(TM) Quantum Cloud Service

Fast anneal is expected to impact various quantum computing applications, from advanced scientific research in quantum simulation to AI and solving real-world problems across wide spectrum of industries It expands upon D-Wave’s groundbreaking optimization achievements, utilizing the comprehensive coherent annealing quantum computing provided by D-Wave’s Advantage(TM) systems and the cutting-edge Advantage2(TM) prototype The introduction of the fast-anneal feature is poised to attract both commercial and academic researchers aiming to develop top-tier applications, broaden benchmarking investigations, and correlate heightened coherence with enhanced performance D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial…

WednesdayMay 01, 2024 9:00 am

Alibaba’s DingTalk Unveils Upgraded AI Assistant

Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary and workplace communication platform DingTalk has unveiled a new artificial intelligence (AI) agent marketplace and an upgraded AI assistant. The new ecosystem has more than 200 agents sourced from a myriad of third-party developers while the upgraded DingTalk AI assistant is now capable of processing up to 500 pages of text as well as videos and images at a time. DingTalk is one of the latest technology companies to incorporate artificial intelligence-powered technology into its operations in recent years. With AI being among the largest trends of the decade so far, every company…

MondayApr 29, 2024 9:00 am

Earth Day Bonanza: Rivian Unveils ICE Vehicle Trade-In Deals of Up to $5,000

In celebration of the recent Earth Day, American electric vehicle manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) is using a novel and unique tactic to encourage consumers to buy its electric cars. The Irvine, California-based automaker recently launched a unique trade-in price cut that would offer buyers up to $5,000 reduction if they traded in select fossil fuel-powered cars for new Rivian R1Ss or R1Ts. This unique discount will allow interested buyers to receive thousands of dollars off their Rivian electric truck purchase when they trade in a gas vehicle, introducing an entirely new means of stimulating electric vehicle purchases to…

FridayApr 26, 2024 9:00 am

Soap Mishap Causes Tesla to Recall Thousands of Cybertrucks

Tesla Inc. (NASDAQ: TSLA) is calling back its Cybertrucks after issues with faulty pedal pads that could cause accelerator pedals to get stuck were noted. Specifically, it was reported that when drivers pressed their feet down on the accelerators, the pads could come off and become trapped in the interior trim, which increased the risk of a collision by leaving the accelerator stuck. This issue is said to have emerged on production lines with soap, as reported by the auto manufacturer to the National Highway Transportation Safety Administration. In the report, Tesla revealed that some changes saw the introduction of…

WednesdayApr 24, 2024 9:00 am

Vontobel Ups its Holdings QuantumScape Corp.

Recently released reports show that Vontobel Holding Limited increased its holdings in QuantumScape Corp by more than 9%. QuantumScape Corp (NYSE: QS) is a company focused on the development of solid-state lithium metal batteries for electric vehicles, among other applications. Following its recent acquisition, the global investment management company now owns a total of 206,147 shares in the California-based company. At the end of the latest reporting period, Vontobel’s holdings in QuantumScape were worth more than $1.4 million. This isn’t the first company to alter its holdings of QuantumScape either. During the fourth quarter, Clear Street Markets LLC bought a…

MondayApr 22, 2024 9:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Dates for Qubits 2024 Quantum Computing Conference in Boston

D-Wave’s Qubits 2024 annual quantum computing conference will take place in Boston, Massachusetts, on June 17 and 18, 2024 The two-day event will explore the transformative potential of D-Wave's quantum technologies as they tackle complex computational challenges across supply chain logistics, manufacturing, government, and the life sciences sectors Participants will learn about D-Wave customers’ powerful quantum-hybrid applications, the company’s latest quantum technology innovations, and updates on the company’s latest groundbreaking scientific research D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, recently announced that its Qubits 2024…

MondayApr 22, 2024 9:00 am

Coinbase CEO Shares Updates on Company’s AI Integrations

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong has announced that the American crypto exchange's design team has begun exploring the use of artificial intelligence (AI) in its activities. The cryptocurrency boss's announcement indicates that Coinbase is getting comfortable with leveraging AI in its operations despite its initial warnings about the emerging technology. According to Armstrong, the crypto exchange's design team is using AI for a myriad of reasons, including the testing of a certain AI design generator. For instance, Armstrong explained on social media platform X, using a simple text prompt to generate a Figma mockup that can act…

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Category: Billion Dollar Club