News Archives - Page 3 of 12

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…

WednesdayMar 13, 2024 9:00 am

AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Secures Rights to Proprietary Technology to Accelerate Development of AI-Enabled Application for Proposed Offering

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, is announcing the acquisition of the rights to use certain AI-enabled technology from Ultiself, a top biohacking app. The acquisition aims to facilitate the development of the company’s tech for Gaxos Health. According to the announcement, the integration of Ultiself’s proprietary technology into Gaxos Health’s proposed product offering will enable improved customization and user experience. “By securing the rights to use this tech, we will be able to accelerate the development of our AI-enabled application for the Gaxos Health product offering,” said Vadim Mats, CEO of Gaxos.ai. “This…

TuesdayMar 12, 2024 11:45 am

AINewsBreaks – ChatGPT Lists D-Wave Quantum Inc. (NYSE: QBTS) as One of Three Quantum Computing Stocks with 10x Potential

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, was one of three companies listed in a recent InvestorPlace article titled “ChatGPT Stock Predictions: 3 Quantum Computing Companies the AI Bot Thinks Have 10X Potential.” International Business Machines (NYSE: IBM) and Nvidia (NASDAQ: NVDA) were the other two companies mentioned. The article noted that the field of quantum computing may just be the next big thing, as it has the potential to solve complex problems that generally slow down classical computers. Examples of utilizing the technology include addressing challenges that involve processing vast quantities of…

WednesdayMar 06, 2024 1:11 pm

AINewsBreaks — D-Wave Quantum Inc. (NYSE: QBTS) Unveils GTM Growth Strategy to Increase Adoption and Deployment of Quantum Technologies

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 a new go-to-market (“GTM”) growth strategy designed to accelerate adoption and deployment of commercial quantum technologies. According to the announcement, the strategy, which is focused on key verticals including logistics, manufacturing and government, extends D-Wave’s leadership position in commercial quantum computing and helps organizations solve their most computationally complex problems today. The company has also unveiled a logistics-focused campaign to support the new GTM effort. The campaign includes a new e-book titled “Moving Forward: How Quantum-Powered Logistics…

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