News Archives - Page 9 of 19

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…

ThursdayJun 27, 2024 10:33 am

AINewsBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with Hugging Face and Scaleway to Launch AI Accelerator Program in Europe

Meta Platforms (NASDAQ: META), in a strategic move to bolster the artificial intelligence (“AI”) ecosystem in Europe, has partnered with Hugging Face and Scaleway to kickstart an AI Accelerator Program. This collaboration is designed to nurture European startups by providing them with the necessary support to innovate and grow within the rapidly evolving AI sector. META’s initiative is a clear indication of its commitment to driving technological advancements and supporting the startup community in Europe. META’s financial health and market valuation are crucial for understanding the company’s ability to invest in and support such initiatives. With a Price-to-Earnings (“PE”) ratio of…

MondayJun 24, 2024 8:30 am

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Featured in The Stock2Me Podcast

D-Wave (NYSE: QBTS) is a leader in quantum computing systems, software and services focused on delivering customer value via practical quantum applications for problems within logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection and financial modeling. The company was featured in the latest episode of The Stock2Me Podcast. Murray Thom, vice president of quantum technology evangelism at D-Wave, joined the podcast to discuss highlights of the company’s Qubits Conference, which took place in Boston and virtually on June 17 and 18, 2024. “Qubits is the premier quantum computing event of the year. We have thousands of people who are watching online and…

TuesdayJun 18, 2024 2:09 pm

AINewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Unveils New Hybrid Quantum Solver Designed to Simplify and Accelerate Successful Quantum Technology Adoption

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 unveiled a new hybrid quantum solver for addressing nonlinear problems. The new solver, which is capable of handling production-scale use casesup to two million variables with no linearization required, was launched at D-Wave’s global Qubits 2024 user conference. The company believes that the new solver has the potential to help customers solve complex optimization problems of increased scale, pushing past limits of previously available technologies. According to the announcement, the solver is part of D-Wave’s expanding set…

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…

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