Turkey’s stock exchange suspended trading for five days and canceled all trades executed on Wednesday, following a selloff that erased billions of dollars from the value of its main equities gauge after two devastating earthquakes.
Yahoo Finance Live anchor Dave Briggs breaks down legal arguments for potential FTX lawsuits.
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Researchers from the University of Sussex and Universal Quantum have demonstrated for the first time that quantum bits (qubits) can directly transfer between quantum computer microchips and demonstrated this with record-breaking speed and accuracy. This breakthrough resolves a major challenge in building quantum computers large and powerful enough to tackle complex problems that are of critical importance to society.
Today, quantum computers operate on the 100-qubit scale. Experts anticipate millions of qubits are required to solve important problems that are out of reach of today’s most powerful supercomputers. There is a global quantum race to develop quantum computers that can help in many important societal challenges from drug discovery to making fertilizer production more energy efficient and solving important problems in nearly every industry, ranging from aeronautics to the financial sector.
In the research paper, published today in Nature Communications, the scientists demonstrate how they have used a new and powerful technique, which they dub “UQ Connect,” to use electric field links to enable qubits to move from one quantum computing microchip module to another with unprecedented speed and precision. This allows chips to slot together like a jigsaw puzzle to make a more powerful quantum computer.
For artificial intelligence, 2022 was a year of breakthroughs. Image generation models such as DALL-E, MidJourney and StableDiffusion came in early in the year, garnering much attention, and ChatGPT went viral near the end.
Riding on the euphoria generated by these technological developments, about $49 billion in venture capital was invested in AI in 2022 — 40% more than a year earlier, per CB Insights.
Yet, there has been little conversation about how AI will play a growing role in real estate, a more than $50 trillion asset class, and one of the key drivers of the global economy. We believe this represents a significant opportunity for real estate tech entrepreneurs.
Dubai’s crypto regulator plans to quadruple its headcount over the next few months to handle hundreds of license applications after drawing up new rules to attract industry players to the Middle Eastern financial hub.
Yahoo Finance Live anchors Brian Sozzi, Brad Smith, and Julie Hyman discuss news that Dell will cut over 6,000 jobs amid the ongoing wave of layoffs in the tech industry.
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The results highlight some potential strengths and weaknesses of ChatGPT.
Some of the world’s biggest academic journal publishers have banned or curbed their authors from using the advanced chatbot, ChatGPT. Because the bot uses information from the internet to produce highly readable answers to questions, the publishers are worried that inaccurate or plagiarised work could enter the pages of academic literature.
Several researchers have already listed the chatbot as a co-author in academic studies, and some publishers have moved to ban this practice.
Continue reading “Study claims ChatGPT not a threat but potential electronic assistant” »
Mentions of the “metaverse” were relatively few and far between in Meta’s quarterly earnings call this week — we counted a mere seven mentions compared to 23 for “AI” — but the company’s investment into its vision of a VR-connected social future remains colossal.
Starting in 2021, Meta began breaking out its Reality Labs VR and AR division into its own segment for financial reporting purposes. That makes it possible to see just how much Meta is pouring into those areas, and the numbers are staggering.
Meta reported $13.7 billion in operating losses for Reality Labs for 2022, more than the already jaw-dropping $10.2 billion it sunk into the division in 2021. Reality Labs brought in $2.16 billion last year in revenue, a drop from $2.27 billion in 2021.
A jury found Elon Musk not liable for costing investors when he issued a series of tweets saying he had “secured” funding to take the electric car maker private.
The Friday verdict, issued by a nine-person Northern California jury, represents a legal victory for the 51-year-old billionaire, who has seen the value of his Tesla holdings decline some 44% over the past year.
During the trial, Musk personally took the witness stand to defend the tweets, testifying he believed he had a handshake agreement in 2018 with Saudi Arabia’s Public Investment Fund to convert Tesla, which is a publicly traded company, into a private one. It was the Saudis, he said, who subsequently reneged on the deal.
Dr. Ben Goertzel.
SingularityNET
The Coming Consciousness Explosion.
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