AINewsBreaks Archive

ThursdayNov 16, 2023 12:38 pm

AINewsBreaks – AI Transportation Acquisition Corp. (NASDAQ: AITRU) Closes IPO

AI Transportation Acquisition Corp. (NASDAQ: AITRU) recently announced the closing of its initial public offering of 6,000,000 units at $10.00 per unit. According to the announcement, each unit consists of one ordinary share and one right to receive one-eighth (1/8) of one ordinary share upon consummation of an initial business combination. The underwriter was granted a 45-day option to purchase up to an additional 900,000 units offered by the company to cover over-allotments, if any. The company’s units began trading on the Nasdaq Capital Market under the ticker symbol AITRU on Nov. 9, 2023. Once the securities comprising the units…

WednesdayNov 15, 2023 1:40 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Successful Quantum Error Mitigation Results in Advantage2(TM) Prototype

D-Wave (NYSE: QBTS) is a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers. The company has announced important research results that demonstrate successful Quantum Error Mitigation (“QEM”) in its Advantage2(TM) annealing quantum computing experimental prototype. According to the announcement, the techniques reduce errors in quantum simulations, producing results consistent with the quantum system maintaining its quantum state (“coherence”) for an order of magnitude longer time than an unmitigated system. D-Wave expects to leverage these techniques to drive performance advancements in the forthcoming Advantage2 system and future processors. “Errors represent the most significant…

TuesdayNov 14, 2023 3:03 pm

AINewsBreaks – IBN to Reach Investors Worldwide for ROTH MKM’s Upcoming New York Technology Conference

IBN (InvestorBrandNetwork), a leading corporate communications firm and content distributor, today announced that it will serve as media sponsor for ROTH MKM’s (“ROTH”) 12th Annual New York Technology Conference. The premier event is slated to take place at The Yale Club in New York City on Nov. 15, 2023. Set to bring together invited investors and c-suite executives from analyst-selected public technology companies, the conference will provide an exceptional platform for engaging in meaningful conversations and fostering enduring professional relationships. As the official media sponsor, IBN will deploy its comprehensive corporate communications solutions to enhance the conference’s visibility and expand…

TuesdayNov 14, 2023 12:33 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Applauds New Legislation Aimed to Expand U.S. Quantum Initiative

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services as well as the world’s first commercial supplier of quantum computers, has announced support for new Congressional legislation. According to the announcement, the company applauds National Quantum Initiative (“NQI”) legislation that includes all quantum computing systems and focuses on near-term application development. In addition, D-Wave CEO Dr. Alan Baratz met with members of Congress earlier this year, urging their support to reauthorize the NQI and ensure that the legislation is expanded to encompass all quantum-computing technologies, including annealing, gate model and quantum-hybrid. The new legislation is designed…

MondayNov 13, 2023 3:22 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Releases Q3 2023 Financial Results

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, is reporting its numbers for the third quarter of 2023. Highlights of the report included revenue of $2.6 million for the quarter, an increase of 50% sequentially from Q2 and an increase of 51% on a year over year basis. Commercial revenue increased by 62% year over year and constituted 70% of total revenue over the last four quarters, up from 50% over the prior four quarters. Q3 bookings totaled $2.9 million, up 53% on a year-to-year basis with Q3 representing the company’s sixth consecutive quarter of year…

FridayNov 10, 2023 2:52 pm

AINewsBreaks – IBN Announces Collaboration for Informa’s QuantMinds International Event

IBN (“InvestorBrandNetwork”), a pioneering corporate communications firm and content distributor, today announced that NetworkNewsWire (“NNW”) was selected by Informa PLC as the official newswire for QuantMinds International (“QMI”), the world’s preeminent quant finance conference. To be hosted at the iconic InterContinental O2 in London from Nov. 13-16, 2023, IBN will serve as the official corporate communications firm for the event. As the official newswire, NNW will employ traditional wire-grade dissemination and article syndication to generate greater interest across target markets. Simultaneously, as the corporate communications firm, IBN will harness its array of digital solutions to heighten recognition and expand the…

TuesdayNov 07, 2023 2:50 pm

AINewsBreaks – Pineapple Financial Inc. (NYSE American: PAPL) Secures $3.5M in IPO

Pineapple Financial (NYSE American: PAPL), Canada’s tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, recently announced the closing of its initial public offering of 875,000 common shares, each at a public offering price of $4.00. The aggregate gross proceeds to Pineapple Financial are $3.5 million, before deducting underwriting discounts and other offering expenses. The company’s common shares began trading on the NYSE American Exchange under the ticker symbol PAPL on Nov. 1, 2023. EF Hutton, a division of Benchmark Investments LLC, acted as the sole book-running manager, and Dominari Securities LLC acted as…

TuesdayNov 07, 2023 12:22 pm

AINewsBreaks – Turbo Energy S.A. (NASDAQ: TURB), Leroy Merlin Collaborate to Further Drive Adoption of Photovoltaic Energy in Spain

Turbo Energy (NASDAQ: TURB), a leader in photovoltaic energy storage, today announced a strategic alliance with French multinational retailer Leroy Merlin to include Turbo’s residential photovoltaic product, Sunbox, in Leroy Merlin’s range of products available in Spain. According to the announcement, the collaboration represents a significant milestone for Turbo Energy and is expected to solidify its position as a pioneer in the field of solar energy in Spain. Turbo Energy’s flagship product, Sunbox, is an innovative all-in-one A.I. solution that integrates all necessary electronics to harness solar energy and provide clean, sustainable and free electricity to homes and businesses. Leroy…

MondayNov 06, 2023 2:10 pm

AINewsBreaks – ‘VenHub NEXT Webinar’ to Showcase the Future of Retail

VenHub, a division of Autonomous Solutions, Inc., today announced its upcoming event, the “VenHub NEXT Webinar,” where it will unveil not just a new product but the future. The webinar is slated to start at 4 p.m. PST on Nov. 13, 2023, where attendees will witness a live demonstration and have an opportunity to see VenHub Smart Robots “Barb” and “Peter” prepare and deliver orders. Interested parties should visit the webinar link to register for the engaging event, which will provide an in-depth discussion followed by a question-and-answer session with VenHub’s CEO and COO to discuss VenHub Smart Store, the…

ThursdayOct 26, 2023 3:36 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS), QuantumBasel Announce Two-Year Agreement Extension to Fuel Quantum Commercial Adoption

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services as well as the world’s first commercial supplier of quantum computers, has extended its relationship with QuantumBasel. In addition, according to the announcement, D-Wave is planning to open a European office on the QuantumBasel campus to support the companies’ collaboration in fast tracking the commercialization of quantum computing in the region and facilitating increased development of near-term quantum applications for businesses, governments and researchers. QuantumBasel is Switzerland’s first quantum hub for commercial use embedded in the uptownBasel innovation campus, which serves as a global hub for Industry…

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