We're still years away from seeing physical quantum computers storm the market with any scale and reliability, but don't give up on deep technology. The market for high-level quantum computer science — which applies quantum principles to manage complex calculations in fields such as finance and artificial intelligence — appears to be accelerating. In the latest development, a startup from San Sebastian, Spain called Multiverse Computing announced that it has raised €25 million (or $27 million) in an equity funding round led by Columbus Venture Partners. The funding, which values the startup at €100 million ($108 million), will be used…
Author: ricardofrancois
Rockets on the background of the Chinese flagAnton Boutros | moment | Getty ImagesChina is set to increase its defense spending by 7.2% to 1.67 trillion yuan in 2024, according to a budget report released by the Ministry of Finance on Tuesday, as part of the country's annual parliamentary meetings in Beijing.This year's military budget announcement comes against the backdrop of several People's Liberation Army generals, including the country's former Defense Minister Li Changfu, losing their posts amid President Xi Jinping's wide-ranging anti-corruption investigation last year.The expansion of China's military budget for 2024 follows a 7.2% increase last year, a…
There are new Dolphin cars from the Chinese automaker BYD at the port Image Alliance | Image Alliance | Getty ImagesShares of Chinese electric car makers listed in Hong Kong fell on Tuesday as fears of price wars in the sector grew.The electric car market in China, which is the largest and most crowded in the world, is witnessing fierce competition from local players as well as giant American companies such as Tesla To win as much market share as possible through promotions and price cuts.“While across-the-board price cuts will pressure profits and margins in the near term, this could…
The Target logo appears in its store on 42nd Street in Times Square in New York City.Deb Cohen Auerbach | UCG | Global Photo Collection | Getty ImagesGoal Holiday quarter results and forecasts for next year will be announced on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expect for the company's fourth quarter:Earnings per share: $2.41 expected Revenue: $31.83 billion expectedTarget, which sells a lot of discretionary merchandise like clothing and home goods, has reported declines in comparable sales for two straight quarters. The industry measure, also called same-store sales, excludes the impact of store…
This article is part of the FT Globetrotter's guide to VancouverLocals claim there's no such thing as winter in Victoria, the capital of British Columbia. Canadians who pick snow by the eyelashes in the rest of the country might agree, but winters on the southern tip of Vancouver Island are long, dreary and wet. Despite the dreary weather, there is winter golf. It's not particularly fun but diehards can still venture out onto the muddy trails. However, Vancouver Island's golf courses become great in the spring and summer. When I lived in the city, which is only a short seaplane…
It took less than half a minute. A silver Kia stopped in the front yard of a home in King City where a birthday party was being held. Three men then got out of the car and fired into the crowd. Eleven people were injured and four of them died. “It couldn't have been 20 seconds and it was all over,” Monterey County Police Chief James Hunt said. “It was meaningless.”Now, King City is offering a $20,000 reward for information leading to the arrest and conviction of the suspects who opened fire on the party.On Sunday, around 6 p.m., police…
The Los Angeles Federation of Teachers on Monday night rescinded its endorsement of school board candidate Khaled Al-Aleem following revelations that he had reposted or “liked” social media posts containing anti-Semitic, pro-gun or pornographic content.The union said in a statement that it “condemns all forms of persecution, including racism, sexism, anti-Semitism, anti-blackness, Islamophobia, xenophobia and homophobia.” ” Reached on Monday evening, Al-Aleem said he would have no immediate comment, but is expected to issue a statement on Tuesday. The decision was made by the 250-member House during an emergency meeting, and is a blow to Al-Aleem's campaign to represent District…
Stay informed with free updatesSimply sign up for the myFT AI Digest – delivered straight to your inbox.Microsoft has accused the New York Times of “doomsday futures” for predicting that ChatGPT could destroy the news industry, as it seeks to dismiss a lawsuit alleging that the creator of its artificial intelligence bot OpenAI is involved in copyright infringement.In a filing filed with a Manhattan court, Microsoft, which has pledged $13 billion to OpenAI, likened the New York media corporation to Hollywood studios that sought to halt the introduction of video consoles in the 1980s and rein in “groundbreaking new technology.”…
Tesla shares fell more than 7 percent on Monday after shipments from the electric car maker's China factory hit a 14-month low in February, amid turmoil over the Lunar New Year and a price war.Preliminary figures from the China Passenger Car Association on Monday showed that Tesla delivered 60,365 vehicles from its Shanghai factory last month, the lowest level since December 2022. That represents a 19 percent decline year-on-year and a 16 percent drop from 71,447 units in January. .Last week, Tesla rolled out a new round of incentives worth up to RMB 34,600 ($4,805) to entice Chinese consumers to…
BEIJING, CHINA – MARCH 4: Hosts pour tea for Chinese President Xi Jinping, center-left, and other leaders at the opening session of the Chinese People's Political Consultative Conference, or CPPCC, at the Great Hall of the People on March 4, 2024 in Beijing, China. China's annual political gathering known as the Two Sessions will bring together leaders and lawmakers to set the government's agenda for local economic and social development for the year. (Photo by Kevin Fryer/Getty Images)Kevin Fryer | Getty Images News | Getty ImagesAsia-Pacific markets fell as the “two-session” meeting began in China, with investors awaiting its economic…