Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Amazon unveils quantum chip, aiming to shave years off development time
    Finance

    Amazon unveils quantum chip, aiming to shave years off development time

    Amazon unveils quantum chip, aiming to shave years off development time

    Published by Global Banking and Finance Review

    Posted on February 27, 2025

    Featured image for article about Finance

    By Stephen Nellis

    (Reuters) - Amazon Web Services on Thursday showed a quantum computing chip with new technology that it hopes will shave as much as five years off its effort to build a commercially useful quantum computer.

    The chip, named Ocelot, is a prototype that has only a tiny fraction of the computing power needed to create a useful machine. But like its tech rivals, AWS, which is Amazon.com's cloud computing unit, believes it has finally hit on a technology that can be scaled up into a working machine, though it has not yet set a date for when it will reach that point.

    The AWS announcement, which coincides with the publication of a peer-reviewed paper in the scientific journal Nature, comes as quantum computing is sweeping through the technology world, with Alphabet's Google, Microsoft and startup PsiQuantum all announcing advances in recent months.

    Quantum computers hold the promise of carrying out computations that would take conventional computers millions of years and could help scientists develop new materials such as batteries and new drugs. But a fundamental building block of quantum computers called a qubit is fast but finicky and prone to errors.

    Scientists established in the 1990s that some of a quantum computer's qubits could be dedicated to correcting those errors, and the years since then have been spent searching for ways to construct physical qubits so that enough "logical" qubits are left over to do useful computing work.

    The standard industry thinking has been that a chip will need about a million physical qubits to yield a useful number of logical qubits.

    But AWS said it had built a prototype chip that uses only nine physical qubits to yield one working logical qubit, thanks to the use of what is known as a "cat" qubit, so named for physicist Erwin Schrodinger's famous thought experiment to illustrate principles of quantum mechanics in which an unlucky cat in a box is both dead and alive at the same time.

    Oskar Painter, AWS director of quantum hardware, said the AWS approach could one day yield useful computers with only 100,000 qubits rather than a million.

    "It should allow us to provide between five and 10 times lower numbers of physical qubits to implement the error correction in a fully scaled machine. So that's the real benefit," Painter told Reuters.

    Painter said that the current chip was constructed using standard techniques borrowed from the chip industry and a material called tantalum, but that AWS and partners hope to customize those techniques further.

    "That's where I think there's going to be a huge amount of innovation and that will be the thing that could really reel in timelines for development. If we make improvements at the materials and processing level, this will make the underlying technology just much simpler," Painter said.

    (Reporting by Stephen Nellis in San Francisco; Editing by Stephen Coates)

    Related Posts
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    EU Council backs digital euro with both online and offline functionality
    EU Council backs digital euro with both online and offline functionality
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    Euro zone consumer confidence falls to -14.6 in December
    Euro zone consumer confidence falls to -14.6 in December
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    Germany removes dividend ban for Uniper, paving way for IPO
    Germany removes dividend ban for Uniper, paving way for IPO
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    ECB's Escriva expects monetary policy to remain steady
    ECB's Escriva expects monetary policy to remain steady
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Russian central bank governor Nabiullina speaks after rate cut
    Russian central bank governor Nabiullina speaks after rate cut
    Strategy and bitcoin-buying firms face wider exclusion from stock indexes
    Strategy and bitcoin-buying firms face wider exclusion from stock indexes

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    German court jails man for drugging, raping wife, posting assaults online

    German court jails man for drugging, raping wife, posting assaults online

    UniCredit issues its first tokenised structured note

    UniCredit issues its first tokenised structured note

    UK competition watchdog to probe AB Foods' Hovis purchase

    UK competition watchdog to probe AB Foods' Hovis purchase

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Analysis-Spanish consumer credit hits near 18-year high on economic boom

    Analysis-Spanish consumer credit hits near 18-year high on economic boom

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    View All Finance Posts
    Previous Finance PostMeta fixes error that flooded Instagram Reels with violent videos
    Next Finance PostRolls-Royce, LSEG boost FTSE 100 to a one-week high