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Major Points
- On Thursday, Amazon introduced its inaugural quantum computing chip, merely a week following competitor Microsoft unveiling its own chip aimed at this burgeoning sector.
- The newly launched chip, referred to as Ocelot, has the potential to decrease the expenses related to quantum error correction by up to 90% in comparison to current approaches, according to Amazon’s cloud services division, Amazon Web Services (AWS).
- Despite recent progress, functional quantum computers remain several years away from actualization.
Amazon (AMZN) presented its first quantum computing chip on Thursday, soon after Microsoft (MSFT) disclosed its own chip focused on this innovative area.
The Ocelot chip can significantly lower the costs tied to quantum error correction by as much as 90% relative to existing methods, as indicated by AWS.
Quantum chips allow quantum computers to function at speeds that far surpass those of conventional computers while also greatly minimizing energy usage.
Even though there have been notable advancements lately, it will still require many years to realize practical quantum computing. NVIDIA (NVDA) CEO Jensen Huang mentioned earlier this month that it could take over 15 years for the world to develop genuinely practical quantum computers. In December, Alphabet (GOOGL), the parent company of Google, launched its quantum computing chip Willow, labeling it as the second significant milestone in its quantum strategy. Meanwhile, Microsoft asserts that its Majorana 1 chip could address substantial industrial-scale challenges within a few years instead of decades.
Amazon also recognized on Thursday that Ocelot remains in the prototype phase.
“We are merely at the beginning, and we believe there are numerous stages remaining to scale,” stated Oskar Painter, head of quantum hardware at AWS. “This is a highly intricate challenge.”
The stock value of Amazon stayed mostly stable on Thursday morning, having risen approximately 23% over the previous year. Thriving & Declining Real Estate Markets: An Examination of American House Values
