AINewsBreaks Archive - Page 15 of 24

MondayJun 17, 2024 2:33 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Halts AI Assistant Launch in Europe Amid Privacy Concerns

Meta Platforms (NASDAQ: META), a leading technology company known for its social media platforms like Facebook and Instagram, has recently made headlines with its decision to halt the launch of its AI assistant in Europe. This move comes amid concerns over the European Union’s stringent privacy regulations, which Meta fears would compromise the user experience. The company’s clash with the Irish Data Protection Commission (“DPC”) over the use of public content for training its large language models (“LLMs”) underscores the challenges tech companies face in navigating privacy laws in different jurisdictions. The decision not to launch the AI assistant in…

TuesdayMay 28, 2024 3:40 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Join Russell 3000 Index in July

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, announced that it will be joining the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual Reconstitution, according to a preliminary list of additions posted on Friday, May 24, 2024. The move will be effective at the open of U.S. equity markets on July 1, 2024. According to the announcement, the annual Russell U.S. Indexes Reconstitution captures the 4000 largest U.S. stocks as of April 30, 2024. Membership in the index remains…

WednesdayMay 22, 2024 2:10 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) CEO Urges Leaders to Plan for AI and Quantum Future

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, today announced that Dr. Alan Baratz, CEO of D-Wave, has published a new guest column as part of the Forbes Technology Council that calls upon business leaders to immediately prioritize the exploration of quantum computing as they continue to accelerate their artificial intelligence (AI) adoption. In his column, Dr. Baratz explains that as AI continues to advance, it also consumes significant amounts of energy, and quantum computing could be used to identify and develop more powerful and sustainable AI models. “With sustainability now an added…

FridayApr 26, 2024 1:50 pm

AINewsBreaks – Cyngn Inc. (NASDAQ: CYN) Closes on $5M in Public Offering

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, recently announced the closing of its public offering. The offering was made on a firm commitment basis with gross proceeds of $5.0 million, before deductions. According to the announcement, the offering consisted of 50,000,000 shares of common stock and pre-funded warrants, with each sold at a purchase price of $0.10 per share (or $0.09999 per pre-funded warrant after reducing $0.00001 attributable to the exercise price of the pre-funded warrants). In addition, Cyngn granted Aegis Capital Corp., the sole bookrunner for the offering, a 45-day option to…

MondayMar 25, 2024 2:25 pm

AINewsBreaks — The Register Interviews D-Wave Quantum Inc. (NYSE: QBTS), Highlights Quantum Computing’s Potential Impact on AI

The Register, a British technology news website with millions of unique visitors per month, recently published an article about OpenAI’s recent interest in quantum. To gain insight, The Register interviewed Murray Thom, D-Wave's VP of Quantum Technology Evangelism, and Trevor Lanting, D-Wave's Chief Development Officer. Lanting explained, "As you're training [an AI] model, the number of parameters that go into the model really drives the cost and the complexity of training the model.” He further elaborated that developers are currently getting around this by choosing which features they think are going to be important for training a particular model. Lanting…

TuesdayMar 19, 2024 11:46 am

AINewsBreaks – SUIC Worldwide Holdings Ltd. (OTC: SUIC) Announces I.Hart Group Will Host Upcoming Event, Receives Role Model Status

SUIC Worldwide Holdings Ltd. (OTC: SUIC), a publicly traded technology company, announced that the Taiwan government has acknowledged its I.Hart Group as an exclusive catering group to host top franchise groups from 18 countries; the I.Hart Group has also been awarded the Role Model status, which reflects its excellence and innovation to global clients and partners. The company noted that the distinction will “advance I.Hart Group's joint ventures that will bring together world-class business leaders” and further its initiatives in the U.S. and in global markets. During the upcoming event, I.Hart will be presenting its award-winning central kitchen, restaurant and…

MondayMar 18, 2024 11:46 am

AINewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Schedules Q4, FY 2023 Earnings Call

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, plans to release its financial results for the fourth quarter and fiscal year 2023 for the period ended Dec. 31, 2023 before market open on March 28, 2024. In addition, the company has scheduled a conference call that same day to discuss the financial report along with the company outlook; the call is scheduled to begin at 8 a.m. ET. D-Wave CEO Dr. Alan Baratz and CFO John Markovich will host the call. Those wanting to access the…

SaturdayMar 16, 2024 8:30 am

AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Closes on $3.5M Private Placement

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, announced that it has closed its previously announced private placement. The private placement comprised the purchase and sale of an aggregate of 628,367 shares of common stock (or pre-funded warrant in lieu thereof), series A warrants to purchase up to 628,367 shares of common stock and short-term series B warrants to purchase up to 628,367 shares of common stock at a price of $5.57 per unit (or per pre-funded warrant in lieu thereof) and accompanying warrants priced at-the-market under Nasdaq rules. The series A warrants and short-term series…

ThursdayMar 14, 2024 1:47 pm

AINewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Executives to Participate in 36th Annual Roth Conference

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, announced that CEO Dr. Alan Baratz and CFO John Markovich will present at the 36th Annual Roth Conference. The three-day event is scheduled for March 17–19, 2024, in Dana Point, California. According to the announcement, Dr. Baratz will also participate in a fireside chat scheduled for 1 p.m. PT on March 19. A replay of the fireside chat will be available following the presentation. To register for the fireside chat, visit https://ibn.fm/f5g7r To view the full press…

ThursdayMar 14, 2024 8:30 am

AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Announces $3.5M Private Placement

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, has entered into definitive agreements for a private placement priced at-the-market under Nasdaq rules. The private placement includes the purchase and sale of an aggregate of 628,367 shares of common stock (or pre-funded warrant in lieu thereof), series A warrants to purchase up to 628,367 shares of common stock and short-term series B warrants to purchase up to 628,367 shares of common stock at a price of $5.57 per unit (or per pre-funded warrant in lieu thereof) and accompanying warrants. The series A warrants and short-term series B…

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