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The new hottest trade on Wall Street: Quantum computing stocks
Investors looking for the next big technology trend may want to keep an eye on quantum computing stocks. The group skyrocketed Tuesday after Google announced Willow , a chip it said “can reduce errors exponentially as we scale up using more qubits” and performed better than its 2019 predecessor. A qubit, or quantum bit, is […]
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Google releases the first of its Gemini 2.0 AI models
Jaque Silva | Nurphoto | Getty Images Google released the first version of its Gemini 2.0 family of artificial intelligence models on Wednesday. Gemini 2.0 Flash, as the model is called, is available in a chat version for users globally while an experimental multimodal version of the model, with text-to-speech and image generation features, is […]
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The limits of intelligence — Why AI advancement could be slowing down
Generative artificial intelligence has developed so quickly in the past two years that massive breakthroughs seemed more a question of when rather than if. But in recent weeks, Silicon Valley has become increasingly concerned that advancements are slowing. One early indication is the lack of progress between models released by the biggest players in […]
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GM halts funding of robotaxi development by Cruise
A in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images General Motors said Tuesday that it will no longer fund robotaxi development work by Cruise citing “capital allocation priorities,” and “the considerable time and resources that would be needed to scale the business, along with an increasingly […]
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Alphabet shares jump 5% after Google touts ‘breakthrough’ quantum chip
A person shows Google Quantum AI’s “Willow” chip, in this undated handout photo obtained by Reuters on December 6, 2024. Google | Via Reuters Alphabet shares rose 5% during trading on Tuesday, the day after the company hailed its latest quantum computing chip as a “breakthrough.” The Google parent company on Monday revealed “Willow,” a quantum computing […]
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Quantum computing stock rockets higher by 50% after Google breakthrough. Hedge fund manager is long
Shares of little-known Rigetti Computing surged Tuesday as excitement around quantum computing bubbled following a major announcement from Google. Rigetti last traded 50% higher to $6.76, on track for its second-biggest day on record. The stock soared more than 58% on Nov. 25, marking its best session ever. Google on late Monday said its new […]
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Oracle shares head for worst day of 2024 after earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database software vendor’s disappointing earnings […]
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Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more
Check out the companies making headlines in midday trading. Alphabet — The online search giant operator launched its latest quantum chip, called Willow. Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Quantum computing is considered as the next frontier for many tech companies. Oracle — Shares […]
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Google claims quantum computing milestone — but the tech can’t solve real-world problems yet
A woman bikes by a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today. Josh Edelson | AFP | Getty Images Google has unveiled a new chip that it says marks a major breakthrough in the field of […]
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Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024. Brandon Bell | Getty Images Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company’s “fraudulent misrepresentation” of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni […]
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