IBM is increasing the pressure on Google in the battle to commercialize quantum computing technology.
Quantum computers hold the promise of being able to solve difficult problems from fields such as chemistry and material science that are currently beyond the reach of the most powerful conventional supercomputers. They may also one day render current encryption techniques obsolete.
IBM said Friday it has created a prototype 50 qubit quantum computer. A machine this size is believed to be close to the threshold at which it could perform tasks beyond the reach of conventional supercomputers — a major milestone in computer science.
FIBM is in a race with Google, which says it plans to show a similarly-sized machine by the end of the year.
Boston aims to strike a balance as major development plans for Suffolk Downs move forward.Continue reading »
Save the Children Federation said it was the victim of a $1 million cyberscam last year.Continue reading »
Owners of smaller toy shops are devising clever ways to compete with Amazon and big box retailers, after the demise of Toys “R” Us and with the arrival of the holiday season.Continue reading »
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State officials are going back to the tax-credit well for Wayfair — the online seller of furniture and other home goods that is growing at a breakneck pace in Boston.Continue reading »
Timothy Springer invested $5 million in the startup’s early days. His windfall is one in a series of savvy investments.Continue reading »
Breaking into Boston won’t be easy for JPMorgan Chase. But it’s not going to be easy on Chase’s local competitors, either.Continue reading »
Steve Tusa, the JPMorgan analyst who has had a sell rating on General Electric for more than two years, upgraded the shares to neutral.Continue reading »
Maine’s lobster processing industry has been thriving in recent years. Since Shucks Maine Lobster opened in 2006, the lobster catch in Maine has nearly doubled, as has its value.Continue reading »