IBM has introduced its Power11 processor family, the first significant refresh of the company’s Power line since 2020. The new chips will underpin four servers that begin shipping on 25 July and will also be offered as virtual machines in IBM Cloud.

Targeted at data-centre customers in sectors such as finance, manufacturing and healthcare, Power11 is pitched as a simpler way to deploy artificial-intelligence inference. IBM says the silicon delivers up to 55 percent higher per-core performance than Power9 while consuming less energy than rival x86 offerings from Intel and AMD.

Read more

Britain’s pipeline of early-career jobs has sharply contracted as companies step up their use of generative artificial-intelligence tools. Data from recruitment site Adzuna show vacancies aimed at graduates, interns and other entry-level workers have fallen 31.9 % between ChatGPT’s November 2022 debut and May 2025. The Times, citing the same figures, said the slide accelerated this year, leaving the number of openings almost a third below pre-AI levels.

Read more

Recent advancements in quantum computing have been announced by major industry players IBM, Microsoft, and Oxford Quantum Circuits, highlighting breakthroughs in quantum error correction and qubit efficiency. IBM revealed a new quantum error-correction scheme and a roadmap toward building the first large-scale, fault-tolerant quantum computer. Microsoft introduced a family of novel four-dimensional codes that reduce quantum error rates by a factor of 1,000, significantly lowering the number of qubits required and bringing fault-tolerant quantum computing closer to practical realization. Oxford Quantum Circuits reported a new error-detection method that further reduces qubit requirements, with claims of a one-in-6.7-million qubit leap that could redefine quantum computing.

Industry leaders emphasize the transformative potential of quantum technology, with Jeremy O’Brien, CEO of PsiQuantum, calling it the most profoundly world-changing technology discovered by humans. Meanwhile, the European Union is pursuing an ambitious quantum strategy, shifting toward private funding to accelerate innovation and compete with the United States and China in the quantum technology race. The EU aims to leverage excellent science and private investment to drive economic impact and maintain competitiveness in this emerging field.

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the Amaravati Quantum Valley Workshop 2025 in Vijayawada, announcing the launch of the Quantum Valley initiative. He stated that a Quantum Computing Centre will begin operations in Amaravati by January 1, 2026, marking the start of the Quantum Valley. The initiative aims to establish Andhra Pradesh as a global innovation hub and the brain capital of the global quantum ambition. IT Minister Nara Lokesh emphasized the focus on building both technology and human capital, projecting that the Amaravati Quantum Valley will create over 100,000 high-skilled jobs and foster more than 50 unicorn startups in the coming years. IBM India and South Asia Managing Director Sandip Patel announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh, supporting the state's vision to become South Asia's first Quantum Valley with top-tier research infrastructure.

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the Amaravati Quantum Valley Workshop 2025 in Vijayawada, announcing the launch of the Quantum Valley initiative. He stated that a Quantum Computing Centre will begin operations in Amaravati by January 1, 2026, marking the start of this ambitious project. The initiative aims to develop a comprehensive quantum computing ecosystem and position Andhra Pradesh as a global innovation hub.

IT Minister Nara Lokesh emphasized the state's vision to transform Amaravati into South Asia's first Quantum Valley, projecting the creation of over 100,000 high-skilled jobs and more than 50 unicorn startups in the coming years. IBM India and South Asia Managing Director Sandip Patel announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh, supporting the state's quantum ambitions. The Amaravati Quantum Valley is expected to become a center for top-tier research infrastructure and innovation, contributing to Andhra Pradesh's goal of becoming the brain capital of global quantum technology.

Andhra Pradesh Chief Minister N. Chandrababu Naidu has unveiled ambitious plans to transform the state into a global hub for tourism and quantum technology. At the GFST Tourism Conclave in Vijayawada, Naidu highlighted the state's target of attracting ₹2 lakh crore in tourism investments and announced that tourism projects have been granted industrial status to boost development. He also inaugurated caravan-converted hotel rooms at the Tourism Corridor and called on Yoga Guru Ramdev to expand Patanjali’s operations in the state to enhance tourism on the global stage.

Subsequently, at the Amaravati Quantum Valley Workshop, Naidu announced the launch of a Quantum Computing Centre in Amaravati, set to begin operations by January 1, 2026. This initiative marks the start of the Amaravati Quantum Valley, envisioned as South Asia’s first quantum technology ecosystem. IT Minister Nara Lokesh emphasized the goal of building human capital and making Andhra Pradesh the brain capital of global quantum ambition, projecting the creation of over 100,000 high-skilled jobs and more than 50 unicorn startups in the coming years. IBM India & South Asia Managing Director Sandip Patel endorsed the vision and announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh. These efforts reflect the state government’s focus on leveraging technology and innovation to drive economic growth and position Andhra Pradesh as a leader in both tourism and advanced technology sectors.

Microsoft has announced a breakthrough in quantum computing error correction through the development of novel four-dimensional quantum error-correction codes. These codes reduce quantum error rates by a factor of 1,000, significantly advancing the pursuit of fault-tolerant, utility-scale quantum computers. The new approach requires far fewer qubits, improving the reliability of logical qubits from the first to the last quantum gate. Microsoft is also seeing increased interest in on-premise quantum computing applications.

Concurrently, IBM revealed its own quantum error-correction scheme and roadmap toward building the first large-scale fault-tolerant quantum computer. Additional advancements include Oxford Quantum Circuits' new error-detection method that reduces qubit requirements and research on optimal error correction algorithms. Despite these advances, challenges remain, such as energetic particles from space causing correlated failures in superconducting qubit arrays, which threaten fault tolerance. Quantum computing remains a step away from practical realization, with current processors like Quantinuum's H1 and H2 being used to generate magic states necessary for fault tolerance. Industry leaders, including Microsoft CEO Satya Nadella, emphasize that integrating quantum computing with AI will drive the next wave of scientific breakthroughs. Moreover, quantum computers are projected to consume significantly less power than classical supercomputers while solving problems much faster.

IBM on 20 June said it has “cracked the code to quantum error correction” and laid out a roadmap for what it describes as the world’s first large-scale, fault-tolerant quantum computer. The company did not give a firm delivery date, but positioned the machine as the next step after its current 1,121-qubit Condor processor, promising error-corrected logical qubits that can run practical workloads.

The announcement came hours after Microsoft detailed a separate advance, claiming that new four-dimensional geometric codes reduce quantum error rates by a factor of 1,000 and yield logical qubits that are “almost perfect.” Microsoft says the technique will be deployed across its Azure Quantum service through partnerships with hardware makers including Quantinuum and IonQ.

Read more

IBM has announced an ambitious roadmap to develop the world’s first large-scale, fault-tolerant quantum computer, named IBM Quantum Starling, by 2029. This system is expected to operate without errors, marking a major advancement in quantum computing technology. IBM claims this quantum computer will be approximately 20,000 times more powerful than current models. The initiative relies on innovations in both quantum hardware and software and aims to achieve a level of reliability that many experts previously considered unattainable within this timeframe. This development positions IBM as a leading contender in the quantum computing race, with the potential to revolutionize computational power and applications. Meanwhile, other companies like Quantum Brilliance are pursuing alternative quantum processing units using diamond-based technology targeting AI and sensing tasks, but IBM’s large-scale fault-tolerant system remains a significant milestone in the field.

IBM's stock reached an all-time high on June 10, 2025, surpassing a market capitalization of $250 billion for the first time in the company's history. The stock has gained more than 23% year-to-date and is up 62% over the past year. This surge is attributed to IBM's strategic acquisitions that have transitioned the company from its legacy in computer mainframes to a focus on high-growth software sectors. IBM is also recognized as a leader in quantum computing and artificial intelligence, with its Watson platform highlighted as a key player in the AI race. Market observers note the stock's rapid ascent, describing its recent price movement as parabolic, an uncommon characterization for the traditionally stable blue-chip company.

Yutori has introduced “Scouts”, a suite of always-on AI agents that continuously monitor the web for information specified by users. The system, now rolling out via wait-list, is marketed as a real-time alternative to conventional alert services and is designed to act as an autonomous digital coworker that can surface niche updates and actionable insights.

The debut underscores the rapid mainstreaming of so-called agentic AI. Research firm Contrary Research estimates that autonomous agents already make 15 % of daily work decisions inside large enterprises. Looking ahead, industry projections indicate that about 33 % of enterprise software will embed such capabilities by 2028, while roughly 77,000 organisations—including FedEx, EY and Goldman Sachs—have deployed agents to automate tasks ranging from logistics optimisation to compliance checks.

Read more

Bexorg, a biotech startup based near Yale Medical School in New Haven, Connecticut, is pioneering the development of human brain chips by reviving clinically dead human brains that remain active at the cellular level. These brains are maintained alive through complex machinery, enabling the company to test drugs more effectively and potentially transform early-stage neuroscience drug development. This innovative approach has drawn attention for its potential to revolutionize neuroscience and drug discovery. Concurrently, IBM announced plans to develop personalized brain chips utilizing quantum computing and artificial intelligence, signaling broader industry interest in advanced brain-computer technologies.

IBM has acquired Seek AI, a data analysis startup, and launched an AI accelerator in New York City aimed at fostering innovation and supporting AI startups. The new initiative, branded under watsonx AI Labs, is designed to serve AI builders, startups, and enterprises by providing resources and expertise to accelerate AI development. Concurrently, AMD has acquired Brium, a company specializing in compiler technology and AI expertise, to enhance its open AI software ecosystem. This move positions AMD to challenge Nvidia's dominance in AI hardware by integrating Brium’s technology into its offerings. Additionally, IBM has embedded quantum safety features into a specialized AI mainframe, reflecting its focus on advancing AI security and performance.

IBM has acquired Seek AI, a New York-based data analysis startup founded in 2021 by CEO Sarah Nagy, for an undisclosed sum. Seek AI specializes in natural language interfaces for enterprise data, enabling users to ask questions using natural language, which are then automatically translated into database queries for advanced analysis and summarization. The company raised approximately $10 million from investors prior to the acquisition.

Read more

Quantum computing is advancing rapidly, with startups and established companies pursuing new architectures that could impact high-performance computing, cybersecurity, and scientific research. Canadian startup Nord Quantique has announced plans to develop a utility-scale quantum computer with more than 1,000 logical qubits by 2031, utilizing multimode encoding to reduce the number of physical qubits needed for error correction. The company claims its machines will occupy only 20 square meters, be highly energy-efficient, and solve cryptographic problems such as RSA-830 in one hour using just 120 kWh of energy.

Read more

New York City has emerged as the second-most valuable tech hub globally, experiencing rapid growth in its technology sector over the past decade. According to Julie Samuels, President and CEO of Tech:NYC, the city has seen a 64% increase in tech employment between 2014 and 2024, growing nearly four times faster than the private-sector average. This expansion is reflected in the rise of tens of thousands of tech startups and over 1,000 tech events occurring during New York Tech Week, which highlights innovation across fintech, AI, biotech, and media industries. Key industry players such as IBM and AWS are actively participating in panels and discussions focused on venture capital investment in quantum computing and AI, open-source AI trends, and the application of AI in healthcare and bio sectors. The momentum positions New York as the leading tech hub outside the San Francisco Bay Area, with a strong community of founders and startups driving continued innovation. Additionally, related events like the Axios AI+ Summit and TechCrunch Sessions: AI are drawing attention to enterprise AI and strategies for emerging companies to compete with established industry giants.

IBM CEO Arvind Krishna is spearheading a strategic turnaround for the company by making bold investments in artificial intelligence (AI) and quantum computing. This approach aims to restore IBM to its former prominence in the technology sector. Industry observers and Wall Street have responded positively to these initiatives, viewing them as promising steps toward revitalizing the company. IBM has also integrated quantum safety features into its specialized AI mainframe, reflecting its commitment to advancing cutting-edge technologies. The company’s renewed focus on AI and quantum computing underscores its ambition to compete effectively in the evolving tech landscape.

Scientists and experts in artificial intelligence suggest that humanity may achieve the technological singularity, marked by the arrival of Artificial General Intelligence (AGI), within the next six months. This projection is supported by recent studies highlighting the accelerating pace of AI development. Quantum computing is identified as a critical factor in this advancement, with its capacity to efficiently train neural networks potentially enabling machine intelligence to surpass human intelligence. IBM's investments in quantum technology are noted as a significant contributor to this progress, with expectations that quantum breakthroughs could materialize in the coming years.

Business Insider has announced a renewed push for staff to incorporate artificial intelligence (AI) into its journalism. This comes less than a year after the company quietly apologized to staff for distributing a recommended reading list, known as 'Beacon Books,' that included several books that did not exist and may have been generated by AI.

In May 2024, a senior editor at Business Insider circulated the 'Beacon Books' list intended to inform reporting. While many of the recommended titles were legitimate, some, such as 'Simply Target: A CEO’s Lessons in a Turbulent Time,' 'Jensen Huang: the Founder of Nvidia,' and 'Mark Zuckerberg Autobiography: The Man Behind the Code,' could not be found in any public listings and appeared to be AI-generated or fabricated. A Business Insider spokesperson declined to comment on the incident.

Business Insider recently laid off 21% of its staff and replaced around 200 human resources positions with AI-driven agents. The company is not alone in this trend: IBM has replaced approximately 8,000 jobs, mostly in human resources, with its AskHR AI platform, and Microsoft has announced 6,000 layoffs, citing a focus on innovation and increased use of AI.

IBM has laid off approximately 8,000 employees, with the majority of job cuts concentrated in its Human Resources (HR) department. The company attributes these layoffs to the extensive adoption of artificial intelligence (AI) technologies, which have automated many routine tasks such as data processing and employee queries. This move is part of IBM's strategic modernization efforts under CEO Arvind Krishna. Concurrently, a broader trend is emerging across the technology sector, where AI is reducing demand for entry-level positions.

According to research by venture capital firm SignalFire, hiring of recent college graduates by Big Tech companies dropped by 25% in 2024 compared to 2023, while startups saw an 11% decline. More broadly, entry-level hiring in tech has decreased by over 50% since 2019. The decline in entry-level roles is linked to AI's growing capability to perform tasks traditionally assigned to junior employees, including coding and financial analysis. This shift is prompting companies to prefer hiring mid-level professionals who can collaborate with AI tools rather than training new graduates. Industry experts warn this trend may create challenges for young job seekers who need experience to enter the workforce. The impact of AI-driven automation is extending beyond tech to various sectors in Corporate America, affecting knowledge workers from entry-level to management positions.

IBM has introduced its Power11 processor family, the first significant refresh of the company’s Power line since 2020. The new chips will underpin four servers that begin shipping on 25 July and will also be offered as virtual machines in IBM Cloud.

Targeted at data-centre customers in sectors such as finance, manufacturing and healthcare, Power11 is pitched as a simpler way to deploy artificial-intelligence inference. IBM says the silicon delivers up to 55 percent higher per-core performance than Power9 while consuming less energy than rival x86 offerings from Intel and AMD.

Read more

Britain’s pipeline of early-career jobs has sharply contracted as companies step up their use of generative artificial-intelligence tools. Data from recruitment site Adzuna show vacancies aimed at graduates, interns and other entry-level workers have fallen 31.9 % between ChatGPT’s November 2022 debut and May 2025. The Times, citing the same figures, said the slide accelerated this year, leaving the number of openings almost a third below pre-AI levels.

Read more

Recent advancements in quantum computing have been announced by major industry players IBM, Microsoft, and Oxford Quantum Circuits, highlighting breakthroughs in quantum error correction and qubit efficiency. IBM revealed a new quantum error-correction scheme and a roadmap toward building the first large-scale, fault-tolerant quantum computer. Microsoft introduced a family of novel four-dimensional codes that reduce quantum error rates by a factor of 1,000, significantly lowering the number of qubits required and bringing fault-tolerant quantum computing closer to practical realization. Oxford Quantum Circuits reported a new error-detection method that further reduces qubit requirements, with claims of a one-in-6.7-million qubit leap that could redefine quantum computing.

Industry leaders emphasize the transformative potential of quantum technology, with Jeremy O’Brien, CEO of PsiQuantum, calling it the most profoundly world-changing technology discovered by humans. Meanwhile, the European Union is pursuing an ambitious quantum strategy, shifting toward private funding to accelerate innovation and compete with the United States and China in the quantum technology race. The EU aims to leverage excellent science and private investment to drive economic impact and maintain competitiveness in this emerging field.

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the Amaravati Quantum Valley Workshop 2025 in Vijayawada, announcing the launch of the Quantum Valley initiative. He stated that a Quantum Computing Centre will begin operations in Amaravati by January 1, 2026, marking the start of the Quantum Valley. The initiative aims to establish Andhra Pradesh as a global innovation hub and the brain capital of the global quantum ambition. IT Minister Nara Lokesh emphasized the focus on building both technology and human capital, projecting that the Amaravati Quantum Valley will create over 100,000 high-skilled jobs and foster more than 50 unicorn startups in the coming years. IBM India and South Asia Managing Director Sandip Patel announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh, supporting the state's vision to become South Asia's first Quantum Valley with top-tier research infrastructure.

Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the Amaravati Quantum Valley Workshop 2025 in Vijayawada, announcing the launch of the Quantum Valley initiative. He stated that a Quantum Computing Centre will begin operations in Amaravati by January 1, 2026, marking the start of this ambitious project. The initiative aims to develop a comprehensive quantum computing ecosystem and position Andhra Pradesh as a global innovation hub.

IT Minister Nara Lokesh emphasized the state's vision to transform Amaravati into South Asia's first Quantum Valley, projecting the creation of over 100,000 high-skilled jobs and more than 50 unicorn startups in the coming years. IBM India and South Asia Managing Director Sandip Patel announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh, supporting the state's quantum ambitions. The Amaravati Quantum Valley is expected to become a center for top-tier research infrastructure and innovation, contributing to Andhra Pradesh's goal of becoming the brain capital of global quantum technology.

Andhra Pradesh Chief Minister N. Chandrababu Naidu has unveiled ambitious plans to transform the state into a global hub for tourism and quantum technology. At the GFST Tourism Conclave in Vijayawada, Naidu highlighted the state's target of attracting ₹2 lakh crore in tourism investments and announced that tourism projects have been granted industrial status to boost development. He also inaugurated caravan-converted hotel rooms at the Tourism Corridor and called on Yoga Guru Ramdev to expand Patanjali’s operations in the state to enhance tourism on the global stage.

Subsequently, at the Amaravati Quantum Valley Workshop, Naidu announced the launch of a Quantum Computing Centre in Amaravati, set to begin operations by January 1, 2026. This initiative marks the start of the Amaravati Quantum Valley, envisioned as South Asia’s first quantum technology ecosystem. IT Minister Nara Lokesh emphasized the goal of building human capital and making Andhra Pradesh the brain capital of global quantum ambition, projecting the creation of over 100,000 high-skilled jobs and more than 50 unicorn startups in the coming years. IBM India & South Asia Managing Director Sandip Patel endorsed the vision and announced a partnership to bring the IBM Quantum System Two to Andhra Pradesh. These efforts reflect the state government’s focus on leveraging technology and innovation to drive economic growth and position Andhra Pradesh as a leader in both tourism and advanced technology sectors.

Microsoft has announced a breakthrough in quantum computing error correction through the development of novel four-dimensional quantum error-correction codes. These codes reduce quantum error rates by a factor of 1,000, significantly advancing the pursuit of fault-tolerant, utility-scale quantum computers. The new approach requires far fewer qubits, improving the reliability of logical qubits from the first to the last quantum gate. Microsoft is also seeing increased interest in on-premise quantum computing applications.

Concurrently, IBM revealed its own quantum error-correction scheme and roadmap toward building the first large-scale fault-tolerant quantum computer. Additional advancements include Oxford Quantum Circuits' new error-detection method that reduces qubit requirements and research on optimal error correction algorithms. Despite these advances, challenges remain, such as energetic particles from space causing correlated failures in superconducting qubit arrays, which threaten fault tolerance. Quantum computing remains a step away from practical realization, with current processors like Quantinuum's H1 and H2 being used to generate magic states necessary for fault tolerance. Industry leaders, including Microsoft CEO Satya Nadella, emphasize that integrating quantum computing with AI will drive the next wave of scientific breakthroughs. Moreover, quantum computers are projected to consume significantly less power than classical supercomputers while solving problems much faster.

IBM on 20 June said it has “cracked the code to quantum error correction” and laid out a roadmap for what it describes as the world’s first large-scale, fault-tolerant quantum computer. The company did not give a firm delivery date, but positioned the machine as the next step after its current 1,121-qubit Condor processor, promising error-corrected logical qubits that can run practical workloads.

The announcement came hours after Microsoft detailed a separate advance, claiming that new four-dimensional geometric codes reduce quantum error rates by a factor of 1,000 and yield logical qubits that are “almost perfect.” Microsoft says the technique will be deployed across its Azure Quantum service through partnerships with hardware makers including Quantinuum and IonQ.

Read more

IBM has announced an ambitious roadmap to develop the world’s first large-scale, fault-tolerant quantum computer, named IBM Quantum Starling, by 2029. This system is expected to operate without errors, marking a major advancement in quantum computing technology. IBM claims this quantum computer will be approximately 20,000 times more powerful than current models. The initiative relies on innovations in both quantum hardware and software and aims to achieve a level of reliability that many experts previously considered unattainable within this timeframe. This development positions IBM as a leading contender in the quantum computing race, with the potential to revolutionize computational power and applications. Meanwhile, other companies like Quantum Brilliance are pursuing alternative quantum processing units using diamond-based technology targeting AI and sensing tasks, but IBM’s large-scale fault-tolerant system remains a significant milestone in the field.

IBM's stock reached an all-time high on June 10, 2025, surpassing a market capitalization of $250 billion for the first time in the company's history. The stock has gained more than 23% year-to-date and is up 62% over the past year. This surge is attributed to IBM's strategic acquisitions that have transitioned the company from its legacy in computer mainframes to a focus on high-growth software sectors. IBM is also recognized as a leader in quantum computing and artificial intelligence, with its Watson platform highlighted as a key player in the AI race. Market observers note the stock's rapid ascent, describing its recent price movement as parabolic, an uncommon characterization for the traditionally stable blue-chip company.

Yutori has introduced “Scouts”, a suite of always-on AI agents that continuously monitor the web for information specified by users. The system, now rolling out via wait-list, is marketed as a real-time alternative to conventional alert services and is designed to act as an autonomous digital coworker that can surface niche updates and actionable insights.

The debut underscores the rapid mainstreaming of so-called agentic AI. Research firm Contrary Research estimates that autonomous agents already make 15 % of daily work decisions inside large enterprises. Looking ahead, industry projections indicate that about 33 % of enterprise software will embed such capabilities by 2028, while roughly 77,000 organisations—including FedEx, EY and Goldman Sachs—have deployed agents to automate tasks ranging from logistics optimisation to compliance checks.

Read more

Bexorg, a biotech startup based near Yale Medical School in New Haven, Connecticut, is pioneering the development of human brain chips by reviving clinically dead human brains that remain active at the cellular level. These brains are maintained alive through complex machinery, enabling the company to test drugs more effectively and potentially transform early-stage neuroscience drug development. This innovative approach has drawn attention for its potential to revolutionize neuroscience and drug discovery. Concurrently, IBM announced plans to develop personalized brain chips utilizing quantum computing and artificial intelligence, signaling broader industry interest in advanced brain-computer technologies.

IBM has acquired Seek AI, a data analysis startup, and launched an AI accelerator in New York City aimed at fostering innovation and supporting AI startups. The new initiative, branded under watsonx AI Labs, is designed to serve AI builders, startups, and enterprises by providing resources and expertise to accelerate AI development. Concurrently, AMD has acquired Brium, a company specializing in compiler technology and AI expertise, to enhance its open AI software ecosystem. This move positions AMD to challenge Nvidia's dominance in AI hardware by integrating Brium’s technology into its offerings. Additionally, IBM has embedded quantum safety features into a specialized AI mainframe, reflecting its focus on advancing AI security and performance.

IBM has acquired Seek AI, a New York-based data analysis startup founded in 2021 by CEO Sarah Nagy, for an undisclosed sum. Seek AI specializes in natural language interfaces for enterprise data, enabling users to ask questions using natural language, which are then automatically translated into database queries for advanced analysis and summarization. The company raised approximately $10 million from investors prior to the acquisition.

Read more

Quantum computing is advancing rapidly, with startups and established companies pursuing new architectures that could impact high-performance computing, cybersecurity, and scientific research. Canadian startup Nord Quantique has announced plans to develop a utility-scale quantum computer with more than 1,000 logical qubits by 2031, utilizing multimode encoding to reduce the number of physical qubits needed for error correction. The company claims its machines will occupy only 20 square meters, be highly energy-efficient, and solve cryptographic problems such as RSA-830 in one hour using just 120 kWh of energy.

Read more

New York City has emerged as the second-most valuable tech hub globally, experiencing rapid growth in its technology sector over the past decade. According to Julie Samuels, President and CEO of Tech:NYC, the city has seen a 64% increase in tech employment between 2014 and 2024, growing nearly four times faster than the private-sector average. This expansion is reflected in the rise of tens of thousands of tech startups and over 1,000 tech events occurring during New York Tech Week, which highlights innovation across fintech, AI, biotech, and media industries. Key industry players such as IBM and AWS are actively participating in panels and discussions focused on venture capital investment in quantum computing and AI, open-source AI trends, and the application of AI in healthcare and bio sectors. The momentum positions New York as the leading tech hub outside the San Francisco Bay Area, with a strong community of founders and startups driving continued innovation. Additionally, related events like the Axios AI+ Summit and TechCrunch Sessions: AI are drawing attention to enterprise AI and strategies for emerging companies to compete with established industry giants.

IBM CEO Arvind Krishna is spearheading a strategic turnaround for the company by making bold investments in artificial intelligence (AI) and quantum computing. This approach aims to restore IBM to its former prominence in the technology sector. Industry observers and Wall Street have responded positively to these initiatives, viewing them as promising steps toward revitalizing the company. IBM has also integrated quantum safety features into its specialized AI mainframe, reflecting its commitment to advancing cutting-edge technologies. The company’s renewed focus on AI and quantum computing underscores its ambition to compete effectively in the evolving tech landscape.

Scientists and experts in artificial intelligence suggest that humanity may achieve the technological singularity, marked by the arrival of Artificial General Intelligence (AGI), within the next six months. This projection is supported by recent studies highlighting the accelerating pace of AI development. Quantum computing is identified as a critical factor in this advancement, with its capacity to efficiently train neural networks potentially enabling machine intelligence to surpass human intelligence. IBM's investments in quantum technology are noted as a significant contributor to this progress, with expectations that quantum breakthroughs could materialize in the coming years.

Business Insider has announced a renewed push for staff to incorporate artificial intelligence (AI) into its journalism. This comes less than a year after the company quietly apologized to staff for distributing a recommended reading list, known as 'Beacon Books,' that included several books that did not exist and may have been generated by AI.

In May 2024, a senior editor at Business Insider circulated the 'Beacon Books' list intended to inform reporting. While many of the recommended titles were legitimate, some, such as 'Simply Target: A CEO’s Lessons in a Turbulent Time,' 'Jensen Huang: the Founder of Nvidia,' and 'Mark Zuckerberg Autobiography: The Man Behind the Code,' could not be found in any public listings and appeared to be AI-generated or fabricated. A Business Insider spokesperson declined to comment on the incident.

Business Insider recently laid off 21% of its staff and replaced around 200 human resources positions with AI-driven agents. The company is not alone in this trend: IBM has replaced approximately 8,000 jobs, mostly in human resources, with its AskHR AI platform, and Microsoft has announced 6,000 layoffs, citing a focus on innovation and increased use of AI.

IBM has laid off approximately 8,000 employees, with the majority of job cuts concentrated in its Human Resources (HR) department. The company attributes these layoffs to the extensive adoption of artificial intelligence (AI) technologies, which have automated many routine tasks such as data processing and employee queries. This move is part of IBM's strategic modernization efforts under CEO Arvind Krishna. Concurrently, a broader trend is emerging across the technology sector, where AI is reducing demand for entry-level positions.

According to research by venture capital firm SignalFire, hiring of recent college graduates by Big Tech companies dropped by 25% in 2024 compared to 2023, while startups saw an 11% decline. More broadly, entry-level hiring in tech has decreased by over 50% since 2019. The decline in entry-level roles is linked to AI's growing capability to perform tasks traditionally assigned to junior employees, including coding and financial analysis. This shift is prompting companies to prefer hiring mid-level professionals who can collaborate with AI tools rather than training new graduates. Industry experts warn this trend may create challenges for young job seekers who need experience to enter the workforce. The impact of AI-driven automation is extending beyond tech to various sectors in Corporate America, affecting knowledge workers from entry-level to management positions.