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Amazon (AMZN) Web Services (AWS) has officially entered the quantum computing arena with the introduction of its new chip, named "Ocelot." This launch comes as fellow tech giants Microsoft (MSFT) and Google (GOOG, GOOGL) have already established their presence in the quantum computing space with their own chip offerings.
Yahoo Finance Tech Editor Dan Howley analyzes the purpose of Amazon's latest chip and examines the intensifying competition in quantum computing as major technology companies position themselves in this emerging field.
Amazon also unveiled its new generative AI-powered digital assistant, Alexa+, this week.
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This post was written by Angel Smith