🦄 Startups & VC 3d ago · Cristian Dina

NVIDIA didn’t invest in Xanadu, but it made its CEO a billionaire anyway

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NVIDIA didn’t invest in Xanadu, but it made its CEO a billionaire anyway
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Christian Weedbrook, the founder and CEO of Toronto-based Xanadu Quantum Technologies, became a billionaire this week without NVIDIA investing a single dollar in his company. His 46.4 million multiple-voting shares were worth approximately $1.5 billion as of midday Friday, after Xanadu’s stock surged nearly fivefold in six trading sessions. The catalyst was not anything Xanadu […]
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