KEY TAKEAWAYS Amazon on Thursday unveiled its first quantum computing chip, about a week after rival Microsoft announced its first chip devoted to the nascent technology.The new chip, called Ocelot, can cut the “costs of implementing quantum error correction by up to 90%,

Amazon Web Services' new Ocelot chip, developed by a team working at the California Institute of Technology, comprises two tiny squares of silicon stacked on top of each other

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Amazon started its quantum computing journey five years ago by setting up a quantum lab at the California Institute of Technology. The company has also launched a quantum-computing advisory program and a cloud-based service called Amazon Braket.

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Following Google and Microsoft’s quantum computing announcements, the tech giant says its new chip will lead to more reliable quantum computers.

Amazon has debuted Ocelot, its first quantum computing chip. Using scalable architecture, the chip is said to reduce error correction by up to 90% and accelerate the development of quantum computing applications.

Amazon has become the third tech giant in as many months to announce a breakthrough in quantum computing - a technology that promises vast processing power but is beset by technical difficulties.

Amazon Web Services on Thursday showed a quantum computing chip with new technology that it hopes will shave as much as five years off its effort to build a commercially

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) are two leaders in the lucrative cloud computing business. *Stock prices used were the afternoon prices of Feb. 23, 2025. The video was published on Feb.