AINewsBreaks Archive

WednesdaySep 18, 2024 11:35 am

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Scores Legal Victory Amid Stock Fluctuations

Meta (NASDAQ: META), the parent company of Facebook, recently made headlines with a significant legal victory. The company was accused of not being upfront with its shareholders about the potential negative impacts of Apple’s privacy changes on its advertising revenue. These changes could make platforms like Facebook and Instagram less attractive to advertisers, posing a risk to Meta’s main source of income. However, the dismissal of this lawsuit underscores the complex landscape tech companies navigate, balancing user privacy with advertising needs. The legal win comes at a time when META’s stock performance is under close scrutiny. Currently, the stock is…

FridaySep 13, 2024 10:41 am

AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Announces Participation at the Unite 2024 Conference

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, is announcing that it will participate in Unity’s upcoming Unite 2024 Conference. Scheduled for September 18-20, 2024, in Barcelona, Spain, the event is expected to bring together game developers, artists and others from the Unity community. To view the full press release, visit https://ibn.fm/nU9hz About Gaxos.ai Inc. Gaxos.ai isn’t just developing applications; it’s redefining the human-AI relationship. The company’s offerings span health and wellness as well as gaming. Gaxos.ai is committed to addressing health, longevity, and entertainment, through AI solutions. For more information about the company, visit www.gaxos.ai.…

WednesdayAug 21, 2024 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS), NTT DOCOMO Report on Quantum Optimization Pilot Program Resulting in 15% Improved Mobile Network Performance

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, has partnered with NTT DOCOMO Inc., Japan’s largest mobile phone operator, to work on a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. According to the announcement, the project showed a reduction in network signal congestion across base stations, with potential for more efficient signal transmission and equipment cost savings. For the collaboration, DOCOMO used D-Wave’s annealing quantum computing solutions to reduce congestion at base stations by decreasing paging signals during peak calling times…

TuesdayAug 20, 2024 3:49 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Quantum AI Product Roadmap Enhancements Highlighted in Syndicated Broadcast

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, is featured in a NetworkNewsAudio (“NNA”) broadcast. NNA broadcasts are designed to provide additional visibility, recognition and brand awareness to the investment community. According to the broadcast, D-Wave is focused on strengthening the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML). The company is working to accomplish this by extending its product development roadmap with enhancements to its Leap™ quantum cloud service. Three key areas are included in D-Wave’s product development roadmap extensions:…

FridayAug 09, 2024 1:57 pm

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Faces Antitrust Scrutiny Amid Market Dominance

Alphabet (NASDAQ: GOOGL, GOOG), the parent company of Google, is currently facing a challenging period, with antitrust scrutiny at the forefront of its concerns. Despite the complexities surrounding the antitrust ruling, experts from Barron’s suggest that Google’s market dominance is unlikely to be significantly impacted by the label of being a monopolist. However, it’s important to note that other risks loom large, potentially threatening the tech giant’s position. The recent performance of Alphabet Inc.’s stock reflects the company’s current challenges and investor sentiment. With a closing price of $159.89, down $2.15 or -1.32%, the market is reacting to the ongoing developments. The stock’s movement…

WednesdayJul 31, 2024 3:39 pm

AINewsBreaks – LeddarTech(R) Holdings Inc. (NASDAQ: LDTC) to Showcase the Next Level in Advanced Driver-Assistance Systems via Road Trip

LeddarTech(R) Holdings (NASDAQ: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, announced that it will be unveiling the high-performance LeddarNavigator to automotive OEMs and Tier 1s during its tour across Europe. Antonio Polo, Sr. Vice-President of Product and Business Development at LeddarTech, stated, “The introduction of our European LeddarNavigator is a tremendous step forward for LeddarTech in the European market as it enables us to truly demonstrate the performance of our software in real time to the automotive market as we have done in North America.” To view the full press release, visit: https://ibn.fm/IXD0L…

WednesdayJul 31, 2024 2:02 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Date for Release of Q2 2024 Financial Results

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, will release its financial results for the second quarter of 2024 on Aug. 8, 2024, before the market opens. The financial report will cover the three and six month periods ended June 30, 2024. In addition, the company has scheduled a conference call on that same day. The call will begin at 8 a.m. ET. During the call, CEO Dr. Alan Baratz and CFO John Markovich will discuss the results and business outlook. Those wishing to access the call can dial 1-800-717-1738 (domestic) or 1-646-307-1865…

ThursdayJul 25, 2024 2:05 pm

AINewsBreaks – Serve Robotics Inc. (NASDAQ: SERV) Closes on $15M Private Placement

Serve Robotics (NASDAQ: SERV), a leading autonomous sidewalk delivery company, recently announced the closing of a private placement with a single institutional investor. The transaction included the purchase and sale of pre-funded warrants to purchase 2,500,000 shares of the company’s common stock at a purchase price of $6.00 per unit along with warrants to purchase up to an aggregate of 2,500,000 shares of common stock at an exercise price of $6.00 per unit. The offering closed on July 24, 2024, raising approximately $15.0 million in gross proceeds before deductions. Aegis Capital Corp. acted as the exclusive placement agent for the…

MondayJul 22, 2024 1:20 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Expands Business Model in India with Meta Verified

Meta Platforms (NASDAQ: META), a leading tech giant known for its social media platforms such as Facebook, Instagram, and WhatsApp, is taking significant steps to expand its business model. By introducing Meta Verified for businesses in India, the company aims to enhance the social commerce ecosystem, providing tools like a verified badge, enhanced account support, and protection against impersonation. This initiative is particularly timely, as social media plays an increasingly pivotal role in retail, especially among younger consumers who frequently discover and purchase products through these platforms. The decision to broaden its business subscription program to include Indian users underscores…

ThursdayJul 18, 2024 10:24 am

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Q2 Earnings Preview: A Focus on Profit Margins and AI Integration

As Alphabet (NASDAQ: GOOGL, GOOG) approaches its second-quarter earnings release on July 23, the focus intensifies on its profit margins amid expectations of decelerating revenue growth. Alphabet, a global leader in digital advertising and cloud computing, has witnessed a 47% surge in its stock over the past year, fueled by the growing interest in generative artificial intelligence (“AI”) and its dominance in the advertising sector. Despite these gains, Alphabet’s shares are trading at a forward price-to-earnings (“P/E”) multiple of 23.6x, slightly below their five-year average, suggesting a potential undervaluation considering the promising growth avenues in advertising and AI in cloud computing. Analysts anticipate a 27% increase…

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