|Bid||0.00 x 310000|
|Ask||0.00 x 300000|
|Day's Range||40.60 - 40.80|
|52 Week Range||28.92 - 42.20|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||31.75|
|Forward Dividend & Yield||0.48 (1.15%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||N/A|
D-Wave Systems announced a partnership with Japanese industrial giant NEC today to build what they call "hybrid apps and services" that work on a combination of NEC high-performance computers and D-Wave's quantum systems. D-Wave’s chief product officer and EVP of R&D, Alan Baratz, whom the company announced this week will be taking over as CEO effective January 1st, says the company has been able to do a lot of business in Japan, and the size of this deal could help push the technology further. First of all, NEC and D-Wave will come together to develop hybrid services that combine NEC’s supercomputers and other classical systems with D-Wave’s quantum technology.
SAN FRANCISCO/TOKYO (Reuters) - D-Wave Systems, a Canadian quantum computer firm backed by billionaire Jeff Bezos, Wall Street titan Goldman Sachs and others, said Japan's NEC Corp will invest in it as part of a fundraising round and will also help it develop software. Dan Cohrs, chief financial officer at D-Wave, told Reuters on Tuesday NEC has committed to investing $10 million in the fundraising round which could close in January. Bezos Expeditions, Amazon CEO Jeff Bezos' personal investment fund, In-Q-Tel, the Central Intelligence Agency's venture capital firm, Fidelity Investments, and Goldman are among D-Wave's investors.
In Japan, a flying car floated in the air for about a minute, within a caged demonstration zone in suburban Tokyo – the first of many to come in a country that is now determined to become a leader in the passenger flying car industry. In many ways, the flying car bears an uncanny resemblance to a drone rather than a car, courtesy its four overgrown drone-like propellers. In its first public demonstration, the flying car was directed to rise above the ground roughly about 10 feet, but without a passenger inside the cab.
About the size of an autorickshaw and equipped with four horizontal propellers, the drone-like prototype reached a height of 3 meters (10 feet) during the test in Chiba, east of Tokyo, on Monday. The flying car is designed to make deliveries on unmanned flights, NEC officials said. The Japanese government aims to start commercializing flying vehicles from around 2023, beginning with the transport of goods, and expanding to moving people closer to 2030.
With the increased pace of 5G deployments, networks are becoming more sophisticated and complex, requiring advanced wireless backhaul solutions that resolve 5G network challenges by enhancing network intelligence and simplifying network rollouts. The agreement calls for a development program, wherein the companies will leverage both parties' rich experience and unique capabilities in microwave and millimeter-wave communications, to develop advanced technologies which will further accelerate innovation and deliver premium cutting-edge solutions for 5G wireless backhaul.