Google's Quantum Chip Breakthrough Revealed

TECH
Google's Quantum Chip Breakthrough Revealed

Google’s new quantum chip, Willow, which tackles a decades-old challenge in quantum computing. Announced by Alphabet CEO Sundar Pichai, Willow earned a “wow” from Musk, who discussed potential future collaborations involving SpaceX’s Starship.

Willow stands out for its ability to perform tasks that would take classical computers longer than the universe’s age to complete. Google claims it overcomes a critical quantum error correction issue, scaling efficiency as more qubits—quantum computing units—are added. Hartmut Neven, head of Google Quantum AI, called it the most convincing prototype for a scalable logical qubit, capable of correcting errors in real-time.

One benchmark showcases Willow solving a problem in five minutes that would take classical computers 10 septillion years. Google envisions applications in medicine, energy-efficient technologies, and advanced materials.

Skepticism around quantum computing claims persists, but Google has released open-source software and a Coursera course to support researchers and developers in exploring this new frontier. For now, the excitement surrounding Willow suggests it could be a major step toward practical, large-scale quantum computing.

FINANCE
Bank of America Bullish on Tesla

Tesla’s stock continues to soar, fueled by a post-election rally and Bank of America (BofA) raising its price target from $350 to $400. Shares have climbed over 50% since Election Day, as investor confidence grows in Tesla’s long-term prospects. BofA analysts, led by John Murphy, visited Tesla’s Austin gigafactory and came away optimistic about its growth in 2025 and beyond, highlighting its core electric vehicle (EV) business, expanding product lineup, and plans for a robotaxi service.

Tesla’s valuation, trading at 125 times forward earnings, dwarfs traditional automakers and even EV peers like Li Auto and BYD. However, BofA sees potential for further upside if Tesla executes on its autonomous driving ambitions. Analysts noted significant improvements in Tesla’s self-driving software during test rides and pointed to growing adoption due to its subscription model.

The team also cited Tesla’s humanoid robot, Optimus, as a promising long-term investment opportunity, supported by potential equity raises.

FINANCE
Murdoch’s Succession Plan Rejected

Rupert Murdoch’s attempt to secure his eldest son Lachlan’s control over his media empire has been rejected as a “carefully crafted charade,” according to a U.S. court ruling. The plan aimed to rewrite the terms of an irrevocable trust, granting Lachlan sole control of the empire, which includes Fox News and The Wall Street Journal, while stripping his siblings of voting power. The court found that Murdoch and Lachlan acted in “bad faith” to cement Lachlan’s succession, calling the scheme an effort to make his leadership immutable.

The case unfolded in a Nevada courtroom, with Murdoch and his four children testifying. The ruling noted the plan was designed to protect Fox News' right-wing orientation, reflecting Rupert and Lachlan’s shared worldview. However, the probate commissioner declared the attempt a “raw deal” that would not stand. The decision is not final and awaits further judicial review, potentially leading to more legal battles.

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