News Archives - Page 11 of 21

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…

TuesdayJul 16, 2024 3:16 pm

AINewsBreaks – U.S. Government and Social Media Giants Tackle Synthetic Drug Distribution

The United States government’s recent memorandum with major social media companies, including Meta Platforms (NASDAQ: META), X and Snap (NYSE: SNAP), marks a significant step in the fight against the distribution of synthetic drugs online. Snap, known for its Snapchat application, is at the forefront of this initiative, showcasing its commitment to corporate responsibility. This collaboration aims to leverage the extensive reach and influence of these platforms to address a critical public health concern. Snap, alongside its peers Meta and X, plays a pivotal role in the digital ecosystem, with millions of users engaging on their platforms daily. The agreement to curb…

TuesdayJul 09, 2024 4:34 pm

AINewsBreaks – Panther Minerals Inc. (CSE: PURR) (OTC: GLIOF) Featured in Article Covering the Role of Nuclear Power in AI Datacenter Growth

Financial Gambits recently published an article that discusses the increasing energy demands of artificial intelligence (“AI”) workloads and the potential role of nuclear power in meeting these demands. Tech giants Alphabet (which owns Google), Amazon, and Microsoft have invested $40 billion in data centers from January to March (https://ibn.fm/BgGck) to handle AI workloads, highlighting the significant energy consumption of tools like ChatGPT. AI's energy needs are substantial, with a ChatGPT query consuming 10 times more energy than a Google search and having over 180 million users generating over 1.6 billion site visits monthly. As a result, data centers are projected…

MondayJul 01, 2024 1:53 pm

AINewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) Partners with BlackRock on Solar Energy Project in Taiwan

Alphabet Inc. (NASDAQ: GOOGL, GOOG), the parent company of Google, has recently made headlines with its strategic partnership with BlackRock to develop a significant solar capacity in Taiwan. This initiative underscores Google’s commitment to sustainability and its efforts to mitigate the environmental impact of its expanding artificial intelligence operations. By investing in New Green Power, a Taiwanese solar developer, Google aims to bolster large-scale solar projects, enhancing energy capacity while reducing carbon emissions. This move, however, is pending regulatory approval, indicating a crucial step before the project’s full realization. The collaboration with BlackRock and the focus on renewable energy come…

FridayJun 28, 2024 10:34 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Hosts British Columbia Government Officials at Its Quantum Engineering Center of Excellence

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 Jagrup Brar, British Columbia (“B.C.”) Minister of State for Trade and Member of Legislative Assembly (“MLA”) for Surrey-Fleetwood, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North, toured the company’s Burnaby-based Quantum Engineering Center of Excellence. According to the announcement, the visit was intended to help inform the B.C. government officials about D-Wave’s latest quantum computing product developments and efforts to spur quantum adoption around the world. In conjunction with…

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