NewsRoom Articles - Page 22 of 37

WednesdayJul 24, 2024 9:00 am

Why Tesla Could Be Losing Dominance in Europe, US Markets

For years now, Tesla Inc. (NASDAQ: TSLA) has been synonymous with electric vehicle (EV) innovation and market dominance. However, this is about to change. The company’s dominance is being challenged in various countries across Europe and the United States even after a stellar performance last year. A recent report from JATO Dynamics revealed how the American multinational automotive company is experiencing declining sales and market share amid growing competition. The data showed that in the first half of 2024, Tesla sales dropped by 8% and 13% in the U.S. and Europe, respectively. Usually, a decrease in sales doesn't mean a…

MondayJul 22, 2024 9:00 am

Quantum Computing Set to Collapse Time Needed During Drug Development

The rapid advancements in quantum computing are revolutionizing the drug-development process by reducing the time it takes to bring new treatments into the market from years to weeks. According to POLARISqb CTO and cofounder, Bill Shipman, company officials extract actionable time in decreasing delivery costs and time. Currently, drug discovery and development take at least 12 years, but with quantum computing, this period will be shortened to mere weeks. What's so fascinating about quantum computing is its ability to simulate complex molecular modeling and simulation with unprecedented accuracy. Molecular modeling and simulations play a critical role in elucidating the interactions…

MondayJul 22, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Adds Second Annealing Quantum Computer in the U.S. and Unveils New Hybrid Quantum Solver

D-Wave introduced its new hybrid quantum solver designed to tackle previously intractable workforce, manufacturing, and logistics optimization problems at its Qubits 2024 conference The new hybrid solver is expected to have a positive impact on a variety of business processes, particularly in workforce, manufacturing, and logistics optimization D-Wave is also deploying a second U.S.-based Advantage(TM) quantum computer at Davidson Technologies’ global headquarters, accessible to D-Wave customers in select countries via D-Wave’s Leap(TM) quantum cloud service D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, continues to make strides in the development and deployment of quantum computing…

FridayJul 19, 2024 9:00 am

Rivian’s Deal with VW Could Mask Underlying EV Market Issues

Rivian Automotive Inc. (NASDAQ: RIVN) entered into a deal with Volkswagen (VW), a move that has sparked a lot of chatter in the electric vehicle market. The $5 billion deal, after an initial $1 billion investment, aims to codevelop software platforms for both companies' electric vehicles, providing Rivian with much-needed financial support and leveraging VW's extensive manufacturing capabilities and global reach. On the other hand, VW, one of the largest automotive giants, will receive access to cutting-edge software expertise. In an interview with CNBC, Cyrus Mewawalla, head of thematic intelligence at GlobalData, shared that Volkswagen has fallen behind in two…

ThursdayJul 18, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Reveals Findings of Hyperion Research Quantum Optimization ROI Study and Announces Nomination for Technology Impact Awards

Majority of surveyed businesses actively engaged in quantum computing anticipate significant returns on investment (“ROI”) from their quantum optimization efforts Survey also highlights a significant increase in quantum adoption, with 21% of respondents either currently employing or planning to integrate quantum technology into production within the next 12 to 18 months D-Wave has been named a finalist in the GameChanger Ambition category of the upcoming Technology Impact Awards (“TIAs”) by the BC Tech Association 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 the findings…

WednesdayJul 17, 2024 9:00 am

Lucid’s Q2 Sales Set New Record, But Company Still Risks Going Under

Lucid Motors (NASDAQ: LCID), a U.S.-based automotive and technology company, has reached an important milestone in the electric-vehicle (EV) industry. The company delivered a record 2,394 Air sedans in the second quarter of 2024, a 22% increase from the first quarter, setting a significant benchmark. The surge in vehicle sales is attributed to two things: First, the company's strategic decision to reduce the prices of its models earlier this year, with the base model Lucid Air now starting at $69,900, down from around $100,000 at launch. Second, the Lucid Air Sapphire, the company's flagship model, has garnered widespread acclaim for…

MondayJul 15, 2024 9:00 am

Coinbase Staff Imposter Accesses User’s Wallet, Steals $1.7M

Imagine the shock of waking up and realizing $1.7 million has vanished from your crypto account. Well, this is what happened to a Coinbase user this past week. According to reports, scammers posing as Coinbase staff accessed the user's wallet and made away with the funds. But how did this happen? This is a question that has bothered people worldwide. Edge & Node cofounder Tegan Kline, a friend of the user who was scammed, reported that a scammer claiming to be from Coinbase Global Inc. (NASDAQ: COIN) tricked the victim into revealing their seed phrase. Immediately after the call, they…

FridayJul 12, 2024 9:00 am

Alibaba Cloud Touts Huge Response to AI Offerings

The scene at the World Artificial Intelligence Conference (WAIC) in Shanghai this past week was phenomenal. Alibaba Cloud, which has been making waves in the tech industry with its cutting-edge artificial intelligence (“AI”) offerings, announced jaw-dropping statistics about those offerings. The leading cloud-computing company has attracted much attention and praise for its innovative AI options. This reaction is far from insignificant; it highlights the transformative power of AI and Alibaba Cloud's crucial role in this field. With the rapidly growing demand for AI solutions across various industries worldwide, Alibaba Group Holding Ltd. (NYSE: BABA) is taking significant steps with its…

WednesdayJul 10, 2024 9:00 am

Nikola Stock Rises 8%, Analysts Modify Company Rating

Last week was a fantastic week for Nikola Corporation (NASDAQ: NKLA), with its stock rising by 8 % on Wednesday. The electric truck maker is experiencing this significant rise after a series of analyst ratings and modified price targets, indicating that analysts are taking a fresh look at the company. Nikola, whose mission is focused on a zero-emissions world, had its stock climb to as high as $8.97, up from its previous close of $8.04 before finally settling at $8.68. This rise in stock value occurred in the wake of several key progressions within the company. One of these developments…

MondayJul 08, 2024 9:00 am

Riot Platforms Withdraws Interest in Taking Over Bitfarms

In a surprising turn of events, Riot Platforms, Inc. (NASDAQ: RIOT), a digital mining and digital infrastructure company, has withdrawn its proposed takeover offer of $950 million for rival Bitfarms. Apparently, this move wasn’t completely out of the blue. It came just after the rival cryptocurrency mining company rejected Riot's offer without any dialogue and adopted defensive measures against the unwanted acquisition. This defensive tactic is aimed at making it extremely difficult for Riot Platforms to acquire Bitfarms completely by diluting the value of its shares. Riot Platforms had to step down from the takeover, but not entirely. This major…

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