NetworkNewsBreaks

TuesdayFeb 18, 2025 9:30 am

NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Reports Q2 Fiscal 2025 Results, Highlights Key Project Developments

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) reported its fiscal second-quarter results, highlighting a substantial increase in independent power producer (IPP) revenue to $5.4 million from $0.1 million year over year. The company’s gross profit rose to $5.9 million, representing 29.2% of revenues, compared to $4.8 million or 18.4% in the prior year. Adjusted EBITDA reached $2.4 million, up from $0.3 million in 2024, while total assets surged 372% to $185.3 million following the Solar Flow-Through Funds Ltd. acquisition. Despite these gains, the company posted a net loss of $1.9 million, or $0.06 per basic share,…

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TuesdayFeb 18, 2025 8:50 am

NetworkNewsBreaks – Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) Remains Cautious Amid Market Rally

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) led by Warren Buffett, is maintaining a conservative investment approach despite the S&P 500's 25% return in 2024 and continued gains this year. The company was a net seller of stocks in the fourth quarter, unloading approximately $6 billion and divesting large portions of its Apple holdings. Buffett’s strategy reflects his long-term caution, similar to his response to the late 1990s internet bubble. Notably, Berkshire’s significant new purchase in Q4 was $1 billion in Constellation Brands, while major sales included $5 billion in Bank of America and $3 billion in Citigroup. Despite these sales,…

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TuesdayFeb 18, 2025 8:30 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Offers On-Premises Quantum Computing Systems for Research and Government Use

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that it is making its Advantage™ quantum computing systems available for purchase by research centers, academic institutions, and governments, enabling on-premises quantum experimentation and development. D-Wave expects the move, which is highlighted by Forschungszentrum Jülich’s recent acquisition of a D-Wave Advantage system, to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. The offering includes shipping, installation, calibration, ongoing maintenance, and assistance with local hybrid quantum solver setup. Additionally, D-Wave introduced the "Quantum Uplift" program, offering incentives for organizations dissatisfied with competitor quantum systems. To view the…

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TuesdayFeb 18, 2025 8:30 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Moves to Challenge Nvidia (NASDAQ: NVDA) With Potential AI Chip Acquisition

Meta Platforms (NASDAQ: META) is reportedly in discussions to acquire South Korean chip startup FuriosaAI, a move that could challenge Nvidia’s (NASDAQ:NVDA) dominance in AI hardware. FuriosaAI specializes in inference chips designed for artificial intelligence models, and this potential acquisition aligns with Meta’s strategy to enhance its in-house AI capabilities, reducing reliance on external suppliers like Nvidia. This development comes as Meta continues its impressive stock rally, with shares rising consistently over the past weeks. As of 7:12 AM ET on Feb. 18, Meta Platforms’ stock is trading at $736.67, reflecting an increase of $8.06 (1.11%) from the previous close.…

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FridayFeb 14, 2025 3:39 pm

NetworkNewsBreaks – Adageis Bringing AI Solutions to Identify High-Risk Patients, Address Care Gaps

Adageis is reshaping the healthcare landscape, offering solutions designed to streamline workflows and align incentives with quality care outcomes. “Central to this approach is the company’s ProActive Care Platform, a patented AI-powered system that provides actionable insights to healthcare providers. The platform equips Accountable Care Organizations (‘ACOs’), Clinically Integrated Networks (‘CINs’), and Independent Physician Associations (‘IPAs’) with the tools to deliver high-quality care while meeting the financial goals of value-based models,” reads a recent article. “At the heart of the platform lies the Patented Risk Engine (‘PRE’), an AI-driven tool that analyzes patient data to identify high-risk individuals and care gaps.…

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FridayFeb 14, 2025 3:31 pm

NetworkNewsBreaks – ParaZero Technologies Ltd. (NASDAQ: PRZO) Secures $3.1M in Registered Direct

ParaZero Technologies (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, has announced the closing of its registered direct offering with institutional investors for the purchase and sale of approximately $3.1 million of ordinary shares and pre-funded warrants at a price of $1.10 per ordinary share. The company secured approximately $3.1 million in aggregate gross proceeds from the offering, of which it intends to use the net, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Greenberg…

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FridayFeb 14, 2025 3:10 pm

NetworkNewsBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Leveraging Platform to ‘Make a Difference in Times of Need’

Thumzup (NASDAQ: TZUP), a company at the forefront of modernizing the social media branding and marketing industry, recently launched an initiative to assist small businesses impacted by the Los Angeles wildfires. “The initiative covers $10,000 in Thumzup credits and additional resources and technical support to ensure that the beneficiaries maximize its impact…For a long time, small businesses have served as the heart of Los Angeles,” reads a recent article discussing the move. “Many have shut down entirely, while others have been forced to relocate. These businesses feed thousands of families daily, and the devastation caused by the wildfires extends far…

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FridayFeb 14, 2025 1:33 pm

NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Eyes Continued Demand for Critical PGMs Across Multiple Sectors

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) made significant strides in 2024, particularly through its Waterberg Project in South Africa. This has been an important time for the company and other industry players, as platinum group metals (“PGMs”), which include platinum, palladium and rhodium, have experienced robust demand and growth. “These metals are critical for industries such as automotive, jewelry and electronics and for emerging green technologies such as hydrogen fuel cells,” reads a recent article that discusses the company’s positioning in the PGM mining and exploration sector. “As a large-scale PGM, copper and nickel mining initiative, the Waterberg…

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FridayFeb 14, 2025 12:48 pm

NetworkNewsBreaks – IBN’s CryptoNewsAudio Shines the Spotlight on dVIN Labs

IBN, a multifaceted communications organization, today announced the release of the latest CryptoNewsAudio production as part of its sustained effort to provide specialized content distribution via widespread syndication channels. David Garrett, co-founder of dVIN Labs, which is using tokenization to bring wine on-chain, joined the program to discuss the value proposition of dVIN Labs. “Wine is a really interesting asset class. The turnover is about $500 billion every year. To put that in perspective, if you added up the entire global film, television, music, video game, and publishing industries, all of those together are smaller than just the wine business.…

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FridayFeb 14, 2025 12:19 pm

NetworkNewsBreaks – Nvidia Corp. (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) Identified as Top AI Investment Opportunities

Nvidia Corp. (NASDAQ: NVDA), Meta Platforms Inc. (NASDAQ: META), and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) have been highlighted as leading investment opportunities in the artificial intelligence sector. Nvidia's GPUs are essential for AI development, making it a cornerstone in the tech industry with promising future prospects. Meta Platforms leverages its social media revenue to invest heavily in AI, aiming to advance its technology through Facebook and Instagram. Alphabet integrates its AI module, Gemini, into advertising, boosting relevance while also driving growth in cloud services. As of February 14, 2025, Nvidia's stock is trading at $136.09, reflecting an increase of…

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