IBM and Google Invests $150 Million in Quantum Computing
IBM and Google invest $150 million in U.S.-Japan quantum computing research. Consumer debt balloons to a historic high. Elon Musk teases new Tesla models. Progress was made in the White House meeting on the debt limit. Plus, a Black Sea grain deal nears expiration and worldwide consequences.
IBM and Google Invest $150 Million in U.S.-Japan Quantum Computing Research. In an effort to maintain an advantage over China in the field of quantum computing, IBM ($IBM) and Google ($GOOG) contributed $150 million towards quantum-computing research* at the University of Chicago and the University of Tokyo. Quantum computing holds potential applications in areas such as cryptology and materials for weapons, including military use.
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Target's Earnings Affected as Shoppers Maintain Focus on Essential Products. Target reports flat comparable sales for the quarter ending April 29 compared to the same period the previous year, slightly lower than the previous quarter and falling below analysts' projections.* Shoppers' preference for basic items contributes to sales stagnation, indicating a deviation from analysts' expectations.
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