December 10, 2024

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by techgolly.com.

Latest December 10, 2024

Google Unveils Willow Quantum Chip, Claims Major Breakthrough

Key Points Google introduced Willow, which performed a five-minute task that would take 10 septillion years for supercomputers. With 105 qubits, Willow is too small for industry-relevant applications. The chip’s reliance on extreme cooling may hinder scalability. Google aims to combine practical applications with surpassing classical algorithms. Experts agree that Willow marks progress, but real-world...

US Finalizes $6.1 Billion Subsidy for Micron Technology Under CHIPS Act

Key Points Micron Technology secured $6.1 billion for domestic semiconductor facilities. Intel received $7.86 billion, and TSMC and Samsung were granted $6.6 billion and $6.4 billion, respectively. Texas Instruments and GlobalFoundries received $1.6 billion and $1.5 billion. Polar Semiconductor was awarded $123 million for capacity expansion. The CHIPS Act underscores U.S. efforts to reduce reliance...

Oracle Misses Q2 Estimates Despite Strong AI-Driven Cloud Growth, Stock Price Dropped Significantly

Key Points Oracle reported Q2 earnings per share of $1.47 on $14.06B revenue, missing Wall Street estimates. Pre-market trading shows a sharp 8.63% drop, indicating potential investor concerns or significant market news. Total cloud revenue rose 24%, with OCI achieving 52% growth year-over-year. The remaining performance obligations increased by 49% to $97B. Q3 revenue is...