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Google’s quantum chip ‘Willow’ shatters records, compressing centuries of computing into minutes
Willow performs tasks in minutes that would otherwise take 10 septillion years, paving the way for scalable quantum computing. Photo: Google’s Willow announcement Key Takeaways Google's Willow quantum chip outperforms supercomputers solving tasks in 5 minutes vs. 10 septillion years. No real-world applications have been identified yet, but potential uses for Willow span medicine, energy, and AI, including drug discovery and fusion energy research. Google has unveiled its latest quantum chip, Willow, demonstrating unprecedented performance by solving tasks in minutes that would take classical supercomputers 10 septillion years. The chip, announced by Hartmut Neven, Founder and Lead of Google Quantum...
Ethereum ETFs Record Positive Inflows, Overtaking BTC Fund Flows: Could This Be a Turning Point?
Ethereum ETFs recorded a daily inflow of US$33.7 million, overtaking Bitcoin ETFs which saw US$18.3 million outflows. BlackRock’s ETHA fund outperformed its Bitcoin counterpart, indicating strong investor interest in Ethereum. Despite the positive fund flow, Ethereum’s price dropped by 3% on its ninth anniversary. Data from Farside shows that we may be at a turning point for the Ethereum exchange-traded funds (ETFs). The Ether funds have just managed to overtake the Bitcoin funds in total daily flows. While BTC funds saw combined outflows on 30 July of US$18.3 million (AU$28m), the Ethereum funds managed inflows of US$33.7 million (AU$51.57m). Related:...
Edward Snowden Highlights Political Pitfalls and Privacy Issues in BTC at Bitcoin 2024 Event
The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote at the Bitcoin 2024 conference, Edward Snowden highlighted the importance of political participation without succumbing to political tribalism. He argued that political figures and parties have their own interests, which may not align with those of the voters. “Cast a vote, but don’t join a...
