Google reveals quantum computing chip with ‘breakthrough’ achievements

Author

Noel Moldvai
December 12, 2024

TL;DR

  • Google reveals quantum computing chip with ‘breakthrough’ achievements

  • Amazon announces supercomputer, new server powered by homegrown AI chips

  • Microsoft will take an $800M hit over Cruise robotaxi shutdown

  • Nvidia-backed CoreWeave shakes up cloud market, plans 2025 IPO

  • Archer Aviation raises $430 million through equity offering, partners with Anduril

  • SpaceX valuation jumps to about $350 billion in insider deal

Google reveals quantum computing chip with ‘breakthrough’ achievements

Google's Willow quantum chip demonstrates exponential error correction and performs computations vastly surpassing supercomputers. Achieving a computation in five minutes that would take classical machines 10 septillion years, Willow validates scalable quantum computing. Built in a state-of-the-art facility, it represents a step toward practical applications, combining quality qubits and breakthrough system benchmarks.

Amazon announces supercomputer, new server powered by homegrown AI chips

Amazon's AWS announced "Ultracluster," an AI supercomputer using homegrown Trainium chips, and "Ultraserver," a new AI server, aiming to reduce AI costs and dependency on Nvidia GPUs. AWS collaborates with Anthropic on Project Rainier and partners with Apple. These innovations position AWS as a significant player in AI hardware.

Microsoft will take an $800M hit over Cruise robotaxi shutdown

Microsoft will incur an $800 million impairment charge after GM’s decision to shut down its Cruise robotaxi program. Cruise, previously valued at $30 billion, was absorbed into GM for driver assistance and autonomous vehicle development. Honda also ceased funding its robotaxi joint venture with GM in Japan.

Nvidia-backed CoreWeave shakes up cloud market, plans 2025 IPO

CoreWeave, backed by Nvidia, plans a 2025 IPO after its valuation soared to $23 billion. The AI-focused cloud startup competes with giants like AWS, offering cost-efficient Nvidia-powered services. CoreWeave expects $8 billion revenue in 2025 and is rapidly expanding AI infrastructure with 20 data centers.

Archer Aviation raises $430 million through equity offering, partners with Anduril

Archer Aviation raised $430 million to fund projects, including a hybrid aircraft developed with defense tech firm Anduril Industries targeting Pentagon programs. Backed by United Airlines, Stellantis, and others, Archer aims to accelerate aerospace technology development while addressing near-term financing needs amidst industry challenges.

SpaceX valuation jumps to about $350 billion in insider deal

SpaceX's valuation has surged to $350 billion after a $1.25 billion insider share sale. The $185 per-share price marks a significant increase from its prior valuation. CEO Elon Musk highlighted strong demand, boosting his net worth by $50 billion. SpaceX remains the most valuable private startup globally.

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Until next week!

Cheerio,
-Noel

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