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Microsoft's new Majorana 1 quantum computing chipKey Takeaways
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Microsoft on Wednesday announced its first quantum computing chip, Majorana 1.
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The company said the chip currently uses eight "qubits," or quantum bits, with the potential to scale to 1 million qubits.
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A 1 million-qubit quantum computer could be more powerful than every computer on the planet combined, Microsoft said.
Microsoft (MSFT) on Wednesday announced its first quantum computing chip, Majorana 1, and said it could significantly reduce the time needed to reach quantum computing at a larger scale.
The Majorana 1 chip contains eight "qubits," or quantum bits, with the potential to scale to 1 million qubits, which the tech giant said would create a computer more powerful than every existing binary computer in the world working together.
Rivals like Alphabet's (GOOGL) Google and some other tech companies are also working on their own designs for quantum computing chips. However, some chipmakers, like Nvidia (NVDA) CEO Jensen Huang, have previously cautioned it could still be years before there are "very useful quantum computers."
Google debuted its own chip, called Willow, in December, the second in the company's six stated milestones in its quantum computing roadmap.
Shares of Microsoft rose just over 1% to close at $414.77 Wednesday. They've gained about 3% over the past 12 months.
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