tl;dr
Microsoft (NASDAQ:MSFT) and Quantinuum have made significant progress towards commercializing quantum computing by reducing error rates associated with qubits, as announced on Wednesday. According to Jason Zander, Microsoft's executive vice president for strategic missions and technologies, they ac...
Microsoft (NASDAQ:MSFT) and Quantinuum have made significant progress towards commercializing quantum computing by reducing error rates associated with qubits, as announced on Wednesday. According to Jason Zander, Microsoft's executive vice president for strategic missions and technologies, they achieved a milestone by running over 14,000 experiments without a single error, thanks to the application of Microsoft’s qubit-virtualization system and error diagnostics and correction to Quantinuum’s ion-trap hardware. Quantum computing, with the potential to process data at an unprecedented rate, has garnered substantial investment from major tech companies such as Google (GOOG) (GOOGL) and IBM (IBM). Qubits, the basic unit of quantum computing, are fragile and error-prone due to the need for precise control over the quantum states of single atoms. Zander emphasized that the combination of Microsoft’s error-correcting qubit-virtualization system with Quantinuum’s hardware represents a notable advancement, showcasing the largest gap reported to date between physical and logical error rates. Quantinuum, resulting from the merger of Cambridge Quantum and Honeywell Quantum Solutions, aims to launch a new H-Series quantum computer, Helios, in 2025, with the potential to unlock scientific and commercial advantages through reliable logical qubits. Microsoft and Quantinuum envisage that reliable quantum computing could offer solutions to pressing global challenges like climate change, energy, and food insecurity, in addition to transforming fields like chemistry, materials science, medicine, and advancing AI language models. The collaboration between Quantinuum and Microsoft Azure Quantum, focused on reducing errors and commercializing quantum computing, marks a significant step towards achieving their shared goal.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 313.15 billion
Current Price: $38.17
Change: 2.86
Change (%): 11.04%
52-Week High: $30.61
52-Week Low: $0.363
Shares Outstanding: 2.28 billion
Public Float: 460.92 million
Beta: 0.332
P/E Ratio: 0.176
More about Alphabet Inc Class C
Alphabet Inc Class C Summary Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $1.93 trillion
Dividend Yield: 0.56%
EPS: 26.87
PE Ratio: 24.34
Beta: 0.24
Revenue: $307.39 billion
Net Income: $162.2 billion
Profit Margin: 0.135
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc Class A
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Industry
Technology, Services-Computer Programming, Data Processing, etc.
Financial Highlights
Market Cap: $1,927,687,700,000
P/E Ratio: 26.69
Dividend Yield: None
Earnings Per Share: $5.79
52-Week High: $1,163.36
52-Week Low: $1,017.24
Volume: 307,393,987
Beta: 0.56
RSI: 0.135
More about International Business Machines
International Business Machines Corporation (IBM) is a multinational technology company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and later renamed IBM in 1924, the company operates in over 170 countries and is incorporated in New York. IBM's offerings include computer hardware, middleware, software, hosting, and consulting services across various fields such as mainframe computers and nanotechnology.
IBM holds the record for the most annual U.S. patents generated by a business for 28 consecutive years, as of 2020. Some notable inventions by IBM include the automated teller machine (ATM), floppy disk, hard disk drive, magnetic stripe card, relational database, SQL programming language, UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, represented by the System/360, was a dominant computing platform in the 1960s and 1970s.
Industry: Technology, Computer & Office Equipment
Market Cap: 173.15 billion
PE Ratio (TTM): 23.2
EPS (TTM): 6.63
Dividend Yield: 8.14%
52-Week High: 188.24
52-Week Low: 67.89
Shares Outstanding: 618.6 million
Public Float: 60 billion
Beta: 0.2
Rev. per Employee: 618.6 million
Gross Margin: 67.89%
Enterprise Value: 173.15 billion
Price: 188.24
Change: 0.2
Change %: 0.041%
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