Microsoft announces major breakthrough in quantum computing technology

Microsoft has announced a major breakthrough in quantum computing with its new Majorana 1 chip, claiming it could lead to commercially viable quantum computers in just a few years. This news has positively affected stocks of other quantum firms. The new chip uses topological qubits, which are expected to be more stable and error-resistant than previous technologies. However, some experts remain skeptical due to Microsoft's past retraction of similar claims in 2018. The breakthrough could impact various industries, enhancing simulations for battery design and drug development, while also posing risks to cryptography. Additionally, increased investment in quantum startups may follow, reflecting a shift in venture capital interest.