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

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 […]

This story continues at The Next Web

from https://thenextweb.com/news/nvidia-xanadu-quantum-computing-ceo-billionaire-stock-surge