Mentioned:
Quantum computing is one of the most exciting areas of the future. And now, it might be on the verge of one of the biggest breakthroughs yet.
What’s happening:
- Multiple publicly traded technology giants have recently debuted new quantum computing chips, which has fuelled wide spread speculation that quantum computing technology may be on the verge of major new breakthroughs
Why it matters:
- Quantum computing companies have recently been rapidly scaling up infrastructure as well as cutting new notable commercial deals, which has captured the excitement of both Silicon Valley and Wall Street
Who is making moves:
- Google (NASDAQ: GOOG) previously debuted their new Willow chip which achieved significant error reduction in highly complex computations, which drastically reduces the total time required to solve difficult problems
- Microsoft (NASDAQ: MSFT) just recently unveiled their new Majorana 1 chip which leverages a topological core architecture for more stable qubits, as well as being exponentially more scaleable for large scale quantum computing capabilities
- Amazon (NASDAQ: AMZN) also just debuted their first ever quantum computing chip known as Ocelot, which implements bosonic quantum error correction to reduce the cost of correcting errors in computations by approximately 90%
Going deeper:
- Publicly listed quantum computing companies in Canada have also been aggressively making new moves to scale up their technology as well, with Quantum eMotion (TSXV: QNC) just recently raising a new equity financing round and BTQ Technologies (CBOE: BTQ) applying to list on the Nasdaq
