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Shares of several quantum computing companies, including IonQ, Inc. IONQ , Quantum Computing Inc. QUBT and Rigetti Computing, Inc. RGTI , are trading higher Monday as excitement builds around the quantum computing sector. Here’s what you need to know. What To Know: IonQ shares are up by more than 25% at the time of writing. The company recently showcased its ion trap technology , which forms the foundation of IonQ's quantum computers. IonQ also discussed go-to-market partnerships and commercial momentum in the quantum space at Q2B24 last week. IonQ has also secured notable contracts, such as a $54.5 million deal with the U.S. Air Force Research Lab and partnerships with the South Korean government and Zapata Computing in recent months. This visibility potentially boosts investor confidence in the quantum sector as a whole, increasing interest across the industry. Quantum Computing shares are up by more than 60% on Monday. The company recently announced its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin. The collaboration supports advanced research into chip-scale acoustic and cross-domain microsystems using Quantum Computing’s scalable TFLN processes, highlighting the technology's potential in next-generation photonics, signal processing and quantum applications. Fulfillment of the purchase order is expected in the first quarter of 2025. Check This Out: Quantum Computing Innovation: IonQ’s Ion Trap On Display At NYSE Additionally, Rigetti Computing's stock is on the rise amid continued momentum in the quantum computing space. The rally across quantum names follows Google's recent announcement of a breakthrough quantum computing chip, "Willow," which achieves significant error reduction and performs computations exponentially faster than traditional supercomputers. Rigetti shares, which have surged over 600% in the past three months, have attracted short-seller attention. Citron Research recently criticized the company's valuation , calling it unsustainable and pointing to recent equity dilution. Despite valuation concerns, Rigetti shares hit new 52-week highs on Monday. Why It Matters: The broader momentum in the quantum sector reflects growing optimism around the industry's potential to address large-scale computational challenges. Companies like IonQ, Quantum Computing and Rigetti appear to be capitalizing on the surge in interest through advancements in quantum technology, partnerships and emerging applications in fields ranging from telecommunications to defense. As quantum technologies advance, the commercial and practical applications of quantum computing continue to expand, likely influencing both the future of computing and the broader tech landscape. Quantum Stocks Price Action: IonQ shares were up 25.4% at $42.41, Quantum Computing shares were up 65% at $11.06 and Rigetti shares were up 30.2% at $9.32 at the time of writing, according to Benzinga Pro. Photo: courtesy of IonQ. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ship strikes kill thousands of whales. A study of hot spots could map out solutions
Floundering Rangers try to end frustrations on visit to PanthersLOS ANGELES, Dec. 16, 2024 (GLOBE NEWSWIRE) -- AI Unlimited Group Inc. AIUG , a leader in AI-driven financial technology, highlights how its flagship Lever App is empowering student loan borrowers to navigate systemic issues reported by the Consumer Financial Protection Bureau (CFPB). The findings, outlined in the CFPB Supervisory Highlights Special Edition: Student Lending (Winter 2024), expose ongoing issues with student loan servicers failing to provide timely and accurate information to borrowers, creating unnecessary financial burdens. Read the full CFPB report here . The Lever App addresses these challenges by simplifying loan management and ensuring borrowers are matched to, and stay on track with, the most suitable repayment programs—while avoiding costly delays caused by servicer missteps. Tackling the Issues Reported by CFPB The CFPB report highlights critical concerns, including: Failure to provide accurate information about repayment plans, forgiveness programs, and annual recertification requirements. Mismanagement of income-driven repayment (IDR) enrollments, leading to missed opportunities for borrowers to reduce payments or avoid delinquencies. AIUG's Lever App ensures borrowers are no longer at the mercy of miscommunications and administrative failures by student loan servicers. The platform's advanced AI capabilities guide users through a seamless three-step process: Discover : Locate and manage existing student loans and servicers effortlessly. Match : Identify the best federal repayment programs tailored to individual financial needs, leveraging up-to-date eligibility criteria. Enroll : Automate enrollment into recommended programs and ensure compliance with annual recertification requirements to maintain favorable repayment terms. "The CFPB report reflects the reality that millions of borrowers are underserved by existing loan servicer systems. We see this same challenge across all segments of consumer financial services—from student loans to credit card issuers—where administrative delays and mismanagement cost borrowers time, money, and financial progress. Lever was designed to address these failures, empowering borrowers with clear, actionable tools to take control of their financial obligations," Trent McKendrick, CEO of AI Unlimited Group, commented. Staying Ahead of the Curve Lever also incorporates payment round-up features and credit score tracking , enabling borrowers to make incremental progress toward financial independence while staying compliant with loan program requirements. Bridging the Gap for Millions of Borrowers With over 43 million federal student loan borrowers in the United States, ongoing challenges with repayment plan management can lead to missed savings and growing balances. Lever eliminates guesswork, helping borrowers unlock savings opportunities, minimize interest accrual, and avoid administrative errors that cost time and money. About AI Unlimited Group Inc. AI Unlimited Group Inc. is an AI-driven technology incubator focused on creating high-impact solutions across financial services, investment, and travel. Lever is part of the company's fintech portfolio, offering AI-powered tools to simplify and enhance student loan repayment processes for millions of borrowers. For more information, visit www.aiug.ai . Media Contact: Dave Gentry, CEO RedChip Companies 1-800-REDCHIP (733-2447) 1-407-644-4256 aiug@redchip.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Trump's nominee for attorney general a longtime ally
Florida knocks No. 9 Ole Miss out of College Football Playoff contention, 24-17 in the SwampMALAGA, Spain (AP) — The last man to face — and beat — Rafael Nadal in professional tennis, 80th-ranked Botic van de Zandschulp , converted his 10th match point Friday to finally close out a 6-4, 6-7 (12), 6-3 victory over Daniel Altmaier and help the Netherlands reach its first Davis Cup final by sweeping Germany. Tallon Griekspoor, who is ranked 40th, sealed the 2-0 win for the Dutch in the best-of-three-match semifinal by hitting 25 aces and coming back to defeat Jan-Lennard Struff 6-7 (4), 7-5, 6-4. When it ended, appropriately, on an ace, Griekspoor shut his eyes, dropped to his knees and spread his arms wide. “We have been talking about this for two, three years,” Griekspoor said. “We believed in ourselves so much. We always felt like this was possible. To do it now feels unbelievable.” The other semifinal is Saturday, with No. 1-ranked Jannik Sinner and defending champion Italy taking on Australia . The championship will be decided Sunday. “We don’t have that top 5 player. We don’t that top 10 player. We don’t have that top 15 player,” Dutch captain Paul Harhuuis said. “But it’s a team effort. ... So proud of these guys.” In Friday's opener, van de Zandschulp was up a set and just a point away from leading 5-2 in the second when Altmaier began playing more aggressively and interacting more with the German fans, yelling and throwing uppercuts or raising his arms after key points. In the tiebreaker, Altmaier managed to save five match points before converting his own fourth set point to extend the contest. But van de Zandschulp — who upset four-time Grand Slam champion Carlos Alcaraz at the U.S. Open — quickly moved out front in the final set, even if he eventually needed five more match points in the last game before serving it out. “At some point, I didn’t know what to do any more on the match points,” van de Zandschulp said. “I had the toughest match of my life on Tuesday (against Nadal), so everything that comes next is maybe a little bit easier.” In the quarterfinals, van de Zandschulp outplayed Nadal for a 6-4, 6-4 result that marked the end of the 22-time Grand Slam champion’s career because the Netherlands went on to eliminate Spain 2-1. The 38-year-old Nadal announced last month that the Davis Cup would be his final event before retiring. Presumably because people purchased tickets ahead of time with plans to watch Nadal compete in the semifinals, there were hundreds of unoccupied blue or gray seats surrounding the indoor hard court at the Palacio de Deportes Jose Maria Martina Carpena in southern Spain on Friday. Now truly a neutral site, the place was not nearly as loud and rowdy as on Tuesday, although there were shouts of “Vamos, Rafa!” that drew laughter while van de Zandschulp played the 88th-ranked Altmaier. It took Griekspoor more than 75 minutes and nearly two full sets to figure out how to break No. 43 Struff and then did it twice in a row — to lead 6-5 in the second set, and then go up 1-0 in the third. That was plenty, because Griekspoor saved the only two break points he faced. The Netherlands hadn’t been to the semifinals since 2001. The Germans — whose best current player, two-time major finalist Alexander Zverev, is not on the team in Malaga — have won three Davis Cups, but not since 1993, when 1991 Wimbledon champion Michael Stich led them to the title. AP tennis: https://apnews.com/hub/tennis
