AINewsBreaks Archive - Page 21 of 34

FridayNov 22, 2024 11:45 am

AINewsBreaks – Supreme Court Decision on Meta Platforms Inc. (NASDAQ: META) Lawsuit

The U.S. Supreme Court has opted not to rule on a securities fraud lawsuit against Meta (NASDAQ: META). The lawsuit accuses Facebook, a subsidiary of Meta, of misleading investors about the misuse of user data on its platform. This decision leaves the case unresolved, as the court has chosen to sidestep the issue rather than allowing it to proceed. Meta’s stock price currently stands at $558.10, reflecting a decrease of approximately 0.89% or $4.99. This decline may be influenced by the ongoing legal uncertainties surrounding the company. During the trading day, META’s stock has fluctuated between a low of $556.49…

WednesdayNov 20, 2024 1:54 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Poised for Opportunity Amid Rising Demand for ‘AI Metals’

McEwen Mining (NYSE: MUX) (TSX: MUX) was featured in a recent article that discussed the evolution of artificial intelligence (“AI”), spotlighting Geoffrey Hinton’s (“the Godfather of AI”) award of the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind AI as we know it today. The piece describes early work and systems compared to modern capabilities, showcasing significant requirements for current AI systems in terms of hardware such as microchips. “Critical metals like copper, silver and gold have consequently seen rising demand to supply the rapidly growing AI…

TuesdayNov 19, 2024 10:57 am

AINewsBreaks – Quantum Computing Inc. (NASDAQ: QUBT) Announces $40M Registered Direct Offering

Quantum (NASDAQ: QUBT) ("QCi"), an innovative, integrated photonics and quantum optics technology company, recently announced its entry into a securities purchase agreement for the purchase and sale of 16,000,000 shares of common stock, each at a purchase price of $2.50, priced at-the-market under Nasdaq rules, pursuant to a registered direct offering. Of the expected gross proceeds to QCI of $40 million, the company intends to use the net for the repayment of debt, working capital and general corporate purposes. Titan Partners Group, a division of American Capital Partners is acting as the sole placement agent for the offering. To view…

WednesdayNov 13, 2024 3:31 pm

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – A Gem in the Mining Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned to benefit from increased investor interest in precious metals as well as growing demand for critical minerals. “McEwen Mining is a gold and silver producer with operations across the Americas, including Nevada, Canada, Mexico, and Argentina. In addition to its core business of precious metals, the company has significant exposure to copper through its 48% ownership of McEwen Copper, a subsidiary responsible for the advanced-stage Los Azules project in Argentina. Led by Rob McEwen, a seasoned mining veteran with a personal investment of $225 million, McEwen Mining is establishing itself as a…

FridayNov 08, 2024 12:15 pm

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Overcomes Legal Hurdle with Lawsuit Dismissal

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook, Instagram and WhatsApp. The company plays a significant role in the digital landscape, providing services that connect billions of users worldwide. Meta faces competition from other tech giants like Google, X and TikTok, which also offer platforms for user-generated content. The recent dismissal of a lawsuit against Meta concerning Section 230 is a notable legal victory for the company. Section 230 is a crucial law that protects tech companies from being held liable for user-generated content on their platforms. This legal shield allows Meta…

ThursdayNov 07, 2024 11:40 am

AINewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met. McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector. To view the full press release, visit https://ibn.fm/VglYM About McEwen Mining Inc.…

WednesdayNov 06, 2024 9:00 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Deemed “Awardable” by DoD’s Tradewinds Solutions Marketplace

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced it has achieved "Awardable" status in the US Department of Defense's (DoD) Tradewinds Solutions Marketplace, which showcases cutting-edge technologies for potential DoD adoption. This designation endorses D-Wave’s annealing quantum computing technology as a vetted solution for addressing complex challenges in logistics, manufacturing, scheduling, drug discovery, and sustainability. D-Wave collaborated with Clipper Defense to present use cases, including supply chain and transportation logistics optimization, highlighting the company’s potential to support DoD mission objectives. To view the full press release, visit https://ibn.fm/Az9Tf About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of…

TuesdayOct 29, 2024 12:00 pm

AINewsBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) Strategic Investment in Moniepoint

Alphabet (NASDAQ: GOOGL, GOOG), through Google, is investing $110 million in Moniepoint, a fintech company based in Nigeria. This investment is part of a broader strategy to improve digital payments and banking solutions across Africa. Moniepoint aims to leverage this funding to expand its services and enhance financial inclusion on the continent. The current stock price of Google is $168.03, showing a slight increase of 0.79% or $1.31. This reflects investor confidence in Google’s strategic investments, such as the one in Moniepoint. The stock has seen fluctuations today, with a low of $167.09 and a high of $168.39, indicating active…

ThursdayOct 17, 2024 2:12 pm

AINewsBreaks – Rezolve Ai (Nasdaq: RZLV) Accelerates Global Expansion with Strategic Partnerships and AI-Powered Retail Solutions

Rezolve Ai (Nasdaq: RZLV) a leader in AI-powered retail technology, is rapidly expanding its global business, engaging in over 100 prospect conversations and running pilots across North America and EMEA. The company’s AI-driven platforms, such as Brain Commerce powered by brainpowa LLM, are seeing strong demand from various industries, including retail, media, and travel. Rezolve’s strategic growth efforts are supported by its partner network in the GSA region and a new partnership with German consultancy Active Value, which will help drive adoption of its solutions among major brands like Ceconomy AG and Holtzbrinck Book Publishers. In addition, Rezolve has…

TuesdayOct 15, 2024 12:55 pm

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Partners with Kairos Power

Alphabet (NASDAQ: GOOGL, GOOG) is a global technology leader known for its search engine, advertising services and various technology products. Recently, through Google, it has taken a significant step by partnering with Kairos Power, a startup focused on nuclear energy innovation. This collaboration is part of Google’s strategy to invest in sustainable energy technologies, as highlighted by CNBC’s Pippa Stevens. The partnership with Kairos Power could influence the future of energy solutions, aligning with Google’s broader goals. Despite a slight increase of 0.35% in its stock price, reaching approximately $165.54, Google’s market capitalization remains strong at $2.05 trillion. This reflects…

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