While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year.Retailread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
Intel on Tuesday said it's delivering a chip for quantum computing — an approach that's vastly different from the one PCs, phones and other devices have used for decades — to a European research group. The move demonstrates progress on the chipmaker's part in an area that could be pivotal to its future.
While classical computing encodes information in bits represented by ones and zeroes, quantum computing works with quantum bits, or qubits, which can be ones and zeroes at the same time. That quality, researchers believe, could make quantum computing perform certain tasks much faster than current computers can, like drug discovery and materials science research. But today's quantum chips often require very cold temperatures and only work for short bursts of time.
Intel has previously produced quantum chips for testing, but the new quarter-sized 17-qubit superconducting test chip is the first one the company is discussing publicly since announcing its $50 million partnership with QuTech — a research institute that involves the Netherlands' Delft University of Technology and Dutch Organisation for Applied Research — two years ago. One reason is the new system includes special packaging that can make the chips for longer stretches of time.
"The design improves reliability and thermal performance, as well as reducing radio frequency interference," Jim Held, the director of emerging technologies research at Intel Labs, told CNBC in an interview.
It makes sense that Intel is opening up now about the state of its quantum program, given that in recent months Google, IBM and Microsoft have all shown off their quantum chips. (IBM's latest chip also has 17 qubits. Having that number means QuTech will be able to run certain error correction protocols on the chip, Held said.) Meanwhile, privately held companies including Canada's D-Wave Systems and the Bay Area's Rigetti Quantum Computing are also active in the field.
As one of the world's biggest chipmakers, Intel is surely keen to ensure that its future is bright. Founded in 1968, Intel has long kept buyers coming back for more powerful chips in accordance with Moore's Law, the concept from cofounder Gordon Moore that says the number of transistors on a chip will double roughly every two years. While Intel executives say Moore's Law is doing fine, last year the MIT Technology Review declared that it was dead, and earlier this year Nvidia CEO Jensen Huang said the same thing.
What is clear is Intel believes the world should use different terms to talk about advancements in silicon. And that stance comes as the company has been building up a portfolio of chips designed for artificial intelligence, a domain where Nvidia has seen gains. For instance, Intel Labs recently developed "a first-of-its-kind self-learning neuromorphic chip."
But that doesn't mean today's chips will become obsolete anytime soon.
Quantum computing "is not going to replace today's computer," Held said. "It's going to augment them. It doesn't do all the things today's computers do well and will continue to do well."