Quantum computing investments on the rise

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Investments in quantum computing are expected to increase in the next 24 months, according to the survey results from IDC. The number of organizations allocating more than 17% of their annual IT budgets for this technology is expected to rise from 7% in 2021 to an estimated 19% in 2023. These investments will be driven by organizations seeking to achieve a competitive advantage by using quantum computing technology to improve and accelerate business processes with enhanced AI capabilities, better security, and optimized algorithms. Companies increasingly interested in quantum computing Recent survey findings indicate that, at the start of 2021, one fifth of companies interested in quantum computing technology reported current usage and two thirds expect to be experimenting with this technology in the next 18-24 months. This growth is due to...

Archer Materials Ltd shares rise after signing quantum computing agreement with IBM

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Archer is building a world-first qubit processor technology for quantum computing operation that could potentially operate at room temperature and integrate into modern electronics. ’s () () (FRA:38A) shares are trading about 5% higher intra-day after executing a new quantum computing agreement with International Business Machines Corporation (). As part of the new agreement between Archer and IBM, Archer retains membership to the global IBM Quantum Network and the associated IBM Quantum Startup Program. The new agreement also gives Archer the opportunity to progress the work initiated under its previous agreement with IBM. Access to the most advanced quantum computers Archer is one of the first Australian companies developing quantum computing technology to have joined the invitation-only, IBM Quantum Network. The company is building the...

Microsoft earnings rise as pandemic boosts cloud computing and Xbox sales

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Microsoft reported its Azure cloud computing services grew 50 per cent, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker’s investment on working and learning from home. The company’s shares rose 5 per cent in extended trading on Tuesday after gaining about 41 per cent in 2020 as Covid-19 shifted computing to areas where the software maker has bet big. It also saw a surprise recovery in sales on the LinkedIn professional social network and navigated a chip shortage that had threaten to hold back its Xbox business. The shift to work from home due to the Covid-19 pandemic has accelerated enterprises’ switch to cloud-based computing, benefiting Microsoft and...

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

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Microsoft Corp (MSFT.O) on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home.The company's shares rose 5% in extended trading after gaining about 41% in 2020 as COVID-19 shifted computing to areas where the software maker has bet big. It also saw a surprise recovery in sales on the LinkedIn professional social network and navigated a chip shortage that had threaten to hold back its Xbox business.The shift to work from home due to the COVID-19 pandemic has accelerated enterprises' switch to cloud-based computing, benefiting Microsoft and rivals such as Amazon.com Inc's (AMZN.O) cloud unit and Alphabet Inc's (GOOGL.O) Google Cloud. On a conference call with investors,...