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🔹Google says its new quantum chip indicates that multiple universes exist
On Monday, Google unveiled Willow, its latest quantum computing chip, boasting impressive speed and reliability. However, the tech industry's attention was particularly drawn to a bold claim made by Hartmut Neven, founder of Google Quantum AI, suggesting that Willow's extraordinary performance implies the existence of parallel universes, supporting the notion of a multiverse.
Neven highlighted that Willow could perform computations in under five minutes that would take traditional supercomputers 10 septillion years, a figure that vastly exceeds known timescales in physics. While some welcomed this idea as plausible, skeptics noted that the performance metrics were based on benchmarks created by Google itself, raising questions about the validity of these claims.
Quantum computers operate using qubits, which can represent multiple states simultaneously, allowing them to solve complex problems beyond the reach of classical computers. However, the challenge remains that as more qubits are used, the likelihood of errors increases. Google's goal with Willow was to minimize these errors, which Neven asserts has been achieved.
🔹Google says its new quantum chip indicates that multiple universes exist
On Monday, Google unveiled Willow, its latest quantum computing chip, boasting impressive speed and reliability. However, the tech industry's attention was particularly drawn to a bold claim made by Hartmut Neven, founder of Google Quantum AI, suggesting that Willow's extraordinary performance implies the existence of parallel universes, supporting the notion of a multiverse.
Neven highlighted that Willow could perform computations in under five minutes that would take traditional supercomputers 10 septillion years, a figure that vastly exceeds known timescales in physics. While some welcomed this idea as plausible, skeptics noted that the performance metrics were based on benchmarks created by Google itself, raising questions about the validity of these claims.
Quantum computers operate using qubits, which can represent multiple states simultaneously, allowing them to solve complex problems beyond the reach of classical computers. However, the challenge remains that as more qubits are used, the likelihood of errors increases. Google's goal with Willow was to minimize these errors, which Neven asserts has been achieved.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
