Latest news with #QuantumStarling
The Hindu
6 days ago
- Business
- The Hindu
Amaravati to host India's first Quantum Computing Valley
The first Quantum Computing Valley of India will be launched in Amaravati by January 2026, marking a major milestone in the country's quantum technology journey, Secretary, Information Technology, Electronics and Communications (ITE &C) Katamneni Bhaskar has said. Speaking at a workshop on Amaravati Quantum Valley on Wednesday, he said not only Andhra Pradesh, but also educational institutions, healthcare providers, pharma companies, agri-tech, and med-tech industries across the country will be able to utilise the services of the Quantum Valley. The Amaravati Quantum Valley Tech Park would provide scope for lakhs of professionals to work, contributing to research, innovation, and industrial growth, he said. 'States, government bodies, and institutions from across the country will have access to its infrastructure and services. Our goal is to ensure that quantum technology benefits all of human society,' Mr. Bhaskar said. Refuting the apprehensions that quantum computing would eliminate jobs, he said, 'This technology is not a replacement for humans. Traditional computers will continue to play their role. Quantum computing is meant to solve problems and conduct research that are otherwise impossible or time-consuming with classical systems.' 'The project is expected to create vast employment opportunities and encourage startups. To equip youth with the necessary skills, the government is collaborating with the Ratan Tata Innovation Hub, offering training and upskilling programmes,' he said. The Amaravati Quantum Valley Centre will operate in alignment with the goals of the National Quantum Mission, aiming to increase productivity and create wealth through advanced technologies. Member of the National Quantum Mission (NQM) and advisor to TCS, Anil Prabhakar, said major global companies such as IBM and Google were already engaged in research on quantum computers in the country. Quantum computing technology was being applied in fields such as pharmaceutical research, EV battery development, bin packing, cargo delivery, route optimisation and image classification, he said. On the security front, he said, the Central government was implementing the 'QNu Project' (Quantum Secure Communication Network) to ensure the safety of computing networks and password security using quantum technology. Director, IBM Research India Amit Singhee said quantum computing is becoming crucial in logistics, space, pharmaceuticals, education, healthcare, financial services and cyber security. 'By 2029, the IBM will deliver Quantum Starling, a large-scale, fault-tolerant quantum computer. In line with this, IBM has entered into an agreement to establish logical qubit quantum computers in Amaravati,' he said. Principal Director and Research Lead at LTIMindtree A. Vijay Rao said use of quantum AI and related technologies were being explored for monitoring of financial transactions, sequential number generation, logistics management, supply chain optimisation, manufacturing, healthcare, and robotics. Speaking about the growing relevance of quantum computing in risk analysis, climate change modelling, cryptographic optimisation and more, he said LTIMindtree was joining hands with IBM and TCS as a key partner in the Amaravati Quantum Valley Centre to build solutions, develop talent and drive innovation. Secretary to the Chief Minister, P. S. Pradyumna was also present.
Yahoo
18-06-2025
- Business
- Yahoo
IBM, Zuckerberg's Meta AI team, McDonald's: Trending Tickers
IBM (IBM) announced that it's building a new quantum supercomputer. IBM's Quantum Starling is set to launch in 2029. Meta (META) CEO Mark Zuckerberg is reportedly personally staffing a new artificial intelligence (AI) team at Meta, according to reports from Bloomberg. Redburn Atlantic analysts cut down their McDonald's (MCD) price target to $260 from $319 and downgraded the stock to Sell from Buy. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. It's now time for some of today's trending tickers. We are watching IBM, Meta, and McDonald's. First up, IBM says it's building the world's first large-scale fault-tolerant quantum computer. It'll be housed in the company's New York data center and have 20,000 times the computational power of today's quantum computers. The computer, which is called Starling, is set to launch by 2029. Next up here, Meta, creating a new AI team. According to reports from Bloomberg, CEO Mark Zuckerberg is assembling a team of experts to achieve artificial general intelligence. That's referred to internally as a super intelligence group. Zuckerberg reportedly aims to hire around 50 people for the new team, including a new head of AI research, almost all of whom he is recruiting personally. And finally, McDonald's getting a double downgrade at Redburn Atlantic, cut to sell from buy. Analysts also lowering the price target to 260 from 319, citing the threat from weight loss drugs. This was the third downgrade for McDonald's in the past several days, following cuts from Loop Capital and Morgan Stanley as well. You can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
QBTS Soars Over 1,300% Despite IBM and GOOGL's Quantum Milestones
D-Wave Quantum Inc. QBTS has emerged as one of the most compelling stories in the high-tech investment landscape, driven by a massive surge of 1,343.6% over the past year, far outpacing the industry and benchmarks. This growth underscores growing investor confidence in the company's quantum annealing technology. While giants like International Business Machines IBM and Alphabet GOOGL dominate headlines with their gate-based quantum systems, D-Wave has introduced a commercially focused path through quantum annealing, solving complex optimization problems in minutes. This alternative approach of D-Wave is rapidly expanding into commercial use cases in logistics, finance and manufacturing, where it delivers tangible business outcomes today. Image Source: Zacks Investment Research D-Wave stands out as a long-term investment by solving real-world problems today, unlike its rivals, which are focused on future gate-model systems. Its annealing-based Advantage2 prototype has already demonstrated quantum advantage, completing tasks in minutes that would take classical supercomputers millennia. With its Leap cloud platform and active deployments at companies like Ford Otosan and NTT DOCOMO, D-Wave is generating real commercial value. As demand for optimization and AI accelerates, its proven technology and enterprise traction give it strong staying power in the quantum space. IBM: On June 10, 2025, IBM revealed its plan for Quantum Starling, its first fault-tolerant quantum computer, set to be launched by 2029. Designed to run 20,000× more operations than current systems, Starling will use around 200 logical qubits with advanced error correction and real-time oversight. This marks a major step from theory to practical, large-scale quantum computing. Alphabet: In December 2024, Google unveiled Willow, a 105-qubit processor that marked a major step forward in quantum error correction. Tests showed that adding more qubits significantly reduced error rates, achieving a key milestone known as 'below-threshold' scaling. Willow also completed a complex task in under five minutes that would take classical supercomputers trillions of years. Google expects real-world quantum applications within five years in areas like drug discovery, battery design and energy. The Zacks Consensus Estimate for D-Wave's 2025 earnings implies a 72% improvement year over year. Image Source: Zacks Investment Research D-Wave Quantum currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
12-06-2025
- Business
- CNBC
Why Oracle can rally another 70%, according to investor Victoria Greene
Oracle shares may be rallying on its latest earnings beat, but it still has much higher to go, according to Victoria Greene, chief investment officer at G Squared Private Wealth. The cloud computing company was one of three names Greene discussed on CNBC's " Power Lunch " Thursday – two made her buy list, while one is a hold. Oracle Shares of Oracle rallied 13% on Thursday after the company's fourth-quarter earnings and revenue topped analysts expectations . Although the stock is already up 20% year to date, Greene thinks it isn't too late for investors to get in on the action. "The train is leaving the station, but you've got to jump on the stock," she said. "I see this as a $300 stock in the next 12 months." That would mean a 50% rally ahead, as of Thursday's close. During the earnings conference call after the bell Wednesday, CEO Safra Catz said Oracle's cloud infrastructure revenue should jump by more than 70% in the 2026 fiscal year. "That 70% growth they've had, they're going to blow it out of the water with the continued A.I. investment, especially with Stargate," Greene said. "Everybody's investing in this and it's being built on Oracle." The stock hit a 52-week high on Thursday. IBM IBM has been a favorite of Greene's for some time, and she still loves the stock. She believes it can push "significantly" higher the next two to three years. "This company completely reimagined itself through acquisitions," she said. IBM completed its $6.4 billion acquisition of HashiCorp , a multi-cloud infrastructure automation company, in February. In 2023, it bought software company Apptio . On Tuesday, IBM announced its plan to develop a large-scale, fault-tolerant quantum computer, Quantum Starling. "They have great strategic partners," Greene said. "They even talk about their patient zero for using AI and they're saving $3 billion — 20% to 30% of their code is now being built on their AI." "This stock is touching everything you want to touch right now," she added. Shares of IBM hit a 52-week high on Thursday and are up about 28% year to date. Datadog Greene is staying on the sidelines with Datadog , which popped nearly 3% on Thursday after an upgrade to outperform at Wolfe Research. She said she'd like to see the cloud computing stock trade above its 200-day moving average, which is around $123. "It's got headwinds on margins, controlling costs [and] on competition," Greene said. "It's got a fantastic, definite product that is being utilized, but at the same point, they're kind of stalling out on their cross selling. You haven't seen a massive increase in the number of companies that are increasing their number of modules," she added. Shares are down 14% year to date.
Yahoo
11-06-2025
- Business
- Yahoo
IBM Reveals Quantum Chip, Eyes 2029 Starling Supercomputer Launch
International Business Machines Corporation (NYSE:IBM) is one of the best Dow stocks to invest in. On June 10, the company revealed that it's working on a large-scale, fault-tolerant quantum computer named Quantum Starling as part of its broader quantum roadmap. A key component of this effort is the upcoming IBM Quantum Nighthawk processor, which is expected to launch later this year, according to a company blog post. Like several other tech giants and well-funded startups, International Business Machines Corporation (NYSE:IBM) is racing to advance quantum computing. The core challenge they all face lies in qubit reliability—while qubits can perform rapid calculations, they tend to generate significant errors. Researchers often dedicate some qubits to correcting these errors, but that leaves fewer available for practical computation. International Business Machines Corporation (NYSE:IBM) shifted its strategy in 2019, and now claims it has developed a new algorithm that could dramatically reduce the number of qubits required for error correction. Jay Gambetta, International Business Machines Corporation (NYSE:IBM) vice president of quantum initiatives, explained that, unlike the company's earlier approach, where theory dictated chip design, the current strategy focuses on building chips that are feasible first and then designing the error-correction method around them. This more pragmatic path has given IBM the confidence to roll out a series of increasingly advanced systems through 2027, paving the way for much larger quantum machines. IBM has surged by over 25.6% since the start of 2025. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
