AINewsBreaks Archive - Page 12 of 23

WednesdayOct 02, 2024 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS), Japan Tobacco Inc. Announce Planned Partnership to Leverage Quantum Computing, AI in Drug Discovery

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the pharmaceutical division of Japan Tobacco Inc. (“JT”) announced plans to partner on a joint proof-of-concept project to explore the use of quantum computing technology and artificial intelligence (“AI”) to accelerate the speed and quality of the drug discovery process, i.e., “Quantum AI-driven Drug Discovery.” The project aims to pioneer a new process for discovering ‘first-in-class’ pharmaceutical small compounds. Upon completion of the proof-of-concept project, JT’s pharmaceutical division intends to further advance the developed Quantum AI-driven Drug Discovery analysis systems and eventually apply the…

WednesdaySep 25, 2024 12:10 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Acquires Threads.com Domain

Meta (NASDAQ: META) has recently made headlines with its acquisition of the Threads.com domain name. This move is a clear indication of Meta’s ambition to further expand its digital presence. The acquisition, as reported by TechCrunch, suggests that Meta is possibly exploring new ventures or services that could be launched under the Threads.com domain. This strategic step aligns with the company’s history of innovation and expansion beyond its original social media platform. The acquisition comes at a time when META’s stock performance on the NASDAQ has been noteworthy. The stock price of Meta has reached $569.4, experiencing an increase of $6.07…

TuesdaySep 24, 2024 1:21 pm

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Partners with Volkswagen to Integrate AI Assistant in Vehicles

Alphabet (NASDAQ: GOOGL, GOOG), through its subsidiary Google, has embarked on an innovative partnership with Volkswagen to integrate an artificial intelligence (“AI”) assistant into Volkswagen vehicles. This collaboration is a strategic move by Google to penetrate deeper into the automotive industry, leveraging its advanced AI and cloud computing technologies. The AI assistant is designed to enhance the driving experience by providing vehicle-related information and assistance through a user-friendly smartphone app. This initiative is part of Google’s broader ambition to expand its footprint in the enterprise AI application sector, showcasing its commitment to leveraging technology to solve real-world problems. The technical…

MondaySep 23, 2024 10:09 am

AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Enters into $3.24M Definitive Agreement

Gaxos.ai Inc. (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, has entered into a definitive agreement for the exercise of certain existing warrants. The agreement outlines the purchase of 1,256,734 shares of certain of its common stock at a reduced exercise price of $2.58 per share. According to the announcement, the offering is expected to close today, subject to closing conditions. The company plans to use funds from the offering, which is anticipated to total an estimated $3.24 million before standard deductions and fees, for working capital and other general corporate purposes. H.C. Wainwright & Co. is…

MondaySep 23, 2024 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Announces Partnership with Staque to Accelerate Commercial Adoption of Quantum in the Middle East

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, has announced its partnership with Staque, a leading consulting and development practice with a focus on artificial intelligence (“AI”), blockchain and quantum computing. According to the announcement, the two companies will work to“foster collaboration and usage of quantum computing solutions for optimization and AI applications.” The companies aim to accelerate the commercial adoption of annealing quantum computing across the Middle East. “We believe organizations must embrace today’s advanced technologies such as quantum computing and AI in…

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…

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