Key points • Intel will acquire the Israeli company Classiq, which develops software for building applications for quantum computers, in a deal estimated at about $2.3 billion • This is the largest deal in the quantum computing sector to date, nearly twice the previous record • According to Classiq's CEO, the leadership of Intel's quantum computing activity will be based in Israel • Classiq employs roughly 140 people, twice the size of Intel's current quantum team …
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Curated from Gadgety. Classified as Business & Technology by AI, which sometimes makes mistakes.
A wave of retro models is sweeping the European car industry, as manufacturers hope that an appeal to nostalgic feelings will halt the drift toward Chinese brands. We don't mind, because along the way we get to enjoy a lovely design trend that, incidentally, also has a successful motor base.
As the AI boom stresses the existing power grid, all sorts of new opportunities for grid modernization are also emerging as a result, industry insiders say.
The deal, expected to close sometime next year, is to help bring AI agents to work alongside humans to underwrite, analyze, and price decisions.
