Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field. Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either on or off while quantum computers employ quantum bits, or qubits, that can operate in both states simultaneously.Google and IBM have also developed quantum processors, as have smaller companies IonQ and Rigetti Computing. Microsoft’s quantum chip employs eight topological qubits using indium arsenide, which is a semiconductor,…
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The graphics sprang up across social media, some in the yellow and blue of Saudi Arabian team Al Nassr, others in the flamingo pink of MLS side Inter Miami. The source of engagement was hardly new: Messi vs Ronaldo, the forever war of global football.Except, this time, it was not about Cristiano and Lionel, the duopoly that defined a generation — instead, it was their sons: Cristiano Jr and Thiago.The eye-catching post on X came on Feb. 7, from an account that presented itself as “Skye Sports Premier League (fan).” The caption read: “Ronaldo Jr and Thiago Messi just scored…
The simmering feud between President Volodymyr Zelensky of Ukraine and President Trump escalated on Wednesday when Mr. Zelensky said the American leader had been “caught in a web of disinformation” from Russia and Mr. Trump mocked his counterpart as a “dictator without elections” who had done a terrible job as president.The pointed exchange came one day after officials from the United States and Russia opened talks to end the fighting in Ukraine that excluded the Ukrainian government. Hours after that meeting in Saudi Arabia, Mr. Trump suggested that Ukraine had started the war, a comment that brought a strong rebuttal…
Some major updates to the signature desserts at Wendy’s could make the stock much more enticing, according to Wolfe Research. In a Wednesday note, the investment firm reiterated shares of the fast-food giant at an outperform rating, citing expected additions to the Frosty lineup this spring that could draw new customers. Analyst Greg Badishkanian’s price target of $17 is about 13% above where shares closed on Tuesday. Wendy’s stock has slipped 19% over the past 12 months. WEN 1Y mountain WEN 1Y chart In mid-April, Wendy’s will unveil Frosty Swirl, a version of the frozen dessert with mixed-in flavors such…
Ursula Burns, the first Black woman CEO of a Fortune 500 company, says she climbed the career ladder with a simple strategy: relentlessly taking advantage of every opportunity thrown her way at work, no matter how inconvenient.”I don’t think there was a single thing I said no to in the first 15 years of my career at Xerox,” Burns, who led Xerox from 2009 to 2016, told WSJ. Magazine in an interview published last week. “The first time I was sent to Japan, I was only asked because most everyone else said no, and that trip and what I accomplished…
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty ImagesJetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday.”If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue’s president, Marty St. George, said at a Barclays industry conference.A federal judge in 2023 ruled the New York airline’s partnership in the Northeast with American Airlines was anticompetitive, while a different judge last year blocked JetBlue’s plan to acquire budget carrier Spirit Airlines, which filed for Chapter 11 bankruptcy protection last year.JetBlue…
Medical technology, AI technology is utilized by doctors for diagnosing increasing the accuracy of patient treatments. Medical research and development innovation technology to improve patient health.Pcess609 | Istock | Getty ImagesAI startup OpenEvidence is raising a fresh round of capital from Sequoia to scale its chatbot for doctors. The new $75 million cash injection, which has not been previously reported, values OpenEvidence at $1 billion, the two companies told CNBC. OpenEvidence, based in Cambridge, Massachusetts, was founded by Daniel Nadler. He previously built Kensho Technologies, a Wall Street-focused artificial intelligence firm that sold to Standard & Poor’s for $700 million in 2018. Nadler’s…
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024.Victor J. Blue | Bloomberg | Getty ImagesApple announced a new iPhone model on Wednesday that is priced lower than its main iPhone models, which usually come out in September.The new iPhone is called iPhone 16e, and it will retail for $599 when it goes on sale later this month.The new iPhone 16e doesn’t have a home button and fingerprint sensor, instead, it uses Apple’s FaceID scanner and…
Bill Ackman’s revised proposal to buy real estate developer Howard Hughes didn’t impress Wall Street analysts who believe the deal doesn’t create much value for current shareholders. The billionaire investor said Tuesday Pershing Square has submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90 each. In January, Ackman proposed forming a new subsidiary of Pershing to merge with Howard Hughes, offering current holders $85 a share. “While the $90/share value being placed on the shares is better than $85/share previously, the higher share price is not being offered to existing investors,” JPMorgan analyst Anthony Paolone…
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback on consumer spending. The stock slid more than 9% in morning trading Wednesday.Here’s how the company did:Earnings: $1.03 per share vs. 93 cents per share expected by LSEGRevenue: $852.2 million vs. $862.8 million expected by LSEGGross merchandise sales, or the total volume of goods sold on the platform, came in at $3.74 billion, a decline of 6.8% year…