Billion Dollar Club Archives - Page 4 of 28

ThursdayFeb 20, 2025 10:00 am

Chainalysis Predicts Surge in Crypto Scams Due to AI Use

The world of cryptocurrency continues to expand, but so do the risks. A report recently published by Chainalysis found that cryptocurrency scams took at least $9.9 billion in 2024, with projections suggesting that the final figure may reach $12.4 billion. This alarming rise in fraudulent activity is being driven in part by the increasing use of generative AI, which allows scammers to operate with greater sophistication and efficiency. AI has rapidly changed many industries, and unfortunately, scammers are taking advantage of its capabilities. With the help of generative AI, fraudsters can create convincing fake identities, automate deceptive conversations, and scale…

WednesdayFeb 19, 2025 10:00 am

Trump Admin Reveals it Doesn’t Plan to Execute $400m Contract for ‘Armored Teslas’

The Trump administration has announced that it will not be proceeding with a $400 million contract to purchase armored Tesla vehicles. The decision comes after widespread public attention and scrutiny regarding the proposed deal, which was initially revealed in a federal contract document for the fiscal year 2025. The contract, which was expected to be executed in September 2025, raised eyebrows due to Tesla CEO Elon Musk’s role in the government. Musk has been leading the Department of Government Efficiency, a unit tasked with reducing federal expenditures and addressing corruption. Critics expressed concerns about potential conflicts of interest as Musk…

FridayFeb 14, 2025 10:00 am

China’s Leapmotor Unveils $20K Smart EV in the Wake of BYD’s Price Cuts

China’s electric vehicle (EV) market is experiencing a major shift as Leapmotor, a rising EV manufacturer, launches its latest smart electric vehicle. The new model, the B10, offers advanced driving technology at a competitive price of under 150,000 yuan ($20,535). This announcement comes just a day after BYD, another leading Chinese EV maker, slashed the prices of its smart EVs, intensifying competition in the market. Analysts predict these moves could trigger a new wave of price cuts and technological advancements in the EV industry. On Tuesday, Leapmotor, which has partnered with global automaker Stellantis, unveiled its newest electric vehicle, the…

ThursdayFeb 13, 2025 10:00 am

Used EV Sales Surge in the UK as Drivers Seek Affordable Alternatives

The UK’s used electric vehicle (EV) market is experiencing unprecedented growth as more drivers seek cost-effective alternatives to petrol and diesel cars. Recent data from the Society of Motor Manufacturers and Traders (SMMT) reveals that 188,000 used EVs changed hands in 2024, marking a significant increase from the previous year and accounting for 2.5% of total used car sales. This surge reflects a growing shift in consumer preferences amid rising fuel costs and evolving automotive policies. The overall used car market in the UK remained robust in 2024, with total sales reaching 7.6 million vehicles—an increase from 7.2 million in…

TuesdayFeb 11, 2025 10:00 am

White House Cryptocurrency Czar Says Stablecoin Legalization is Top Priority

David Sacks, the newly appointed AI and cryptocurrency czar in the White House, has made it clear that regulating digital assets is a top priority for the U.S. government. His first focus? Stablecoins. Sacks and Republican lawmakers are pushing for legislation that will provide clear rules for these digital currencies, aiming to strengthen the U.S. dollar’s position in the global financial market. Stablecoins are a type of cryptocurrency designed to maintain a steady value by being tied to real-world assets, such as the U.S. dollar. Unlike other cryptocurrencies, which can be highly volatile, stablecoins offer more predictable value, making them…

MondayFeb 10, 2025 10:45 am

D-Wave Quantum Inc.’s (NYSE: QBTS) New Leap Quantum LaunchPad(TM) Program Aims to Accelerate the Adoption of Quantum Computing

D-Wave expects the program to drive increased adoption of quantum computing, enabling organizations to experience firsthand how the technology can improve business outcomes and drive scientific discoveries. Qualifying participants will get a 3-month free trial of D-Wave™ technology and support resources. Resources include access to D-Wave’s Advantage™ production-grade annealing quantum computers, D-Wave’s Leap™ real-time quantum cloud service, and technical expert guidance. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, recently announced the launch of the new Leap Quantum LaunchPad program. Designed to accelerate the deployment of quantum computing applications, the initiative offers access…

FridayFeb 07, 2025 10:45 am

D-Wave Quantum Inc. (NYSE: QBTS), Carahsoft Joining Forces to Expand Distribution of Quantum Computing Solutions to the Public Sector

Under the terms of the agreement, the two companies will co-market D-Wave’s comprehensive solutions to the public sector through Carahsoft’s reseller network. The partnership aims to support growing public sector interest in annealing quantum computing to address complex optimization problems. Available solutions will include real-time access to D-Wave’s Advantage™ quantum computing systems through D-Wave’s Leap™ quantum cloud service, as well as workforce training programs and specialized support. Quantum and hybrid quantum applications using D-Wave’s technology can address various priorities in sectors such as national defense, intelligence, emergency response and management, energy reliability and resilience, infrastructure optimization and more. D-Wave Quantum…

FridayFeb 07, 2025 10:00 am

E-Commerce to Experience 45% Growth in Europe Within 5 Years

The European e-commerce sector is set to experience remarkable growth, with industry analysts predicting a 45% increase in online sales between 2024 and 2029. According to a recent Forrester report, e-commerce revenue in Europe is expected to rise from €389 billion ($404.1bn) in 2024 to €565 billion ($587bn) by 2029, solidifying the digital marketplace as a dominant force in the retail industry. While e-commerce has been expanding for years, the latest projections indicate a compound annual growth rate (CAGR) of 7.8% from 2023 to 2029. This figure represents a slight decline from previous estimates, which had predicted an annual growth…

ThursdayFeb 06, 2025 10:00 am

What You Need to Know About Plans to Ban TikTok

TikTok has become one of the most popular social media platforms in the world, with millions of users scrolling through short videos daily. But there’s been a lot of talk about banning TikTok in some countries, especially in the U.S. If you’re wondering what’s going on and why, here’s what you need to know. The main reason behind the push to ban TikTok is national security concerns. TikTok is owned by ByteDance, a Chinese company, and some governments worry that the app could share user data with the Chinese government. While TikTok has repeatedly denied these claims, many officials believe…

TuesdayFeb 04, 2025 10:00 am

TikTok’s Troubles in the US Highlight the Classic Battle for Social Media Dominance

The ongoing drama surrounding TikTok in the United States is more than just a potential ban, it’s a glimpse into the power struggle shaping the future of social media. With tech giants, politicians, and investors all watching closely, the fate of TikTok highlights a much bigger issue: Who really controls the digital world? TikTok’s U.S. ban has been discussed for years, with concerns primarily tied to its Chinese ownership. Lawmakers claim the app poses a security risk because of its ties to China-based ByteDance. They fear that user data could be accessed by the Chinese government, a claim TikTok has…

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Category: Billion Dollar Club