- Baidu, Inc (NASDAQ:BIDU) revealed its superconducting quantum computer debut dubbed “Qianshi,” with a 10-quantum-bit (qubit) processor at Quantum Create 2022, a quantum developer conference in Beijing.
- Baidu also developed a 36-qubit quantum chip.
- Baidu touted Liang Xi as the first all-platform quantum hardware-software integration solution offering versatile quantum services through private deployment, cloud services, and hardware access.
- Liang Xi can plug into Qian Shi and other third-party quantum computers, including a 10-qubit superconducting quantum device and a trapped ion quantum device developed by the Chinese Academy of Sciences.
- BCG estimates quantum computing to create from $450 to $850 Billion of value in the next 15 to 30 years.
- Recently, Baidu won China’s first-ever permits to commercially offer fully driverless robotaxi services to the public on open roads in Chongqing and Wuhan.
- Price Action: BIDU shares traded higher by 3.89% at $144.30 in the premarket on the last check Thursday.
- Photo via Wikimedia Commons
Wells Fargo Maintains Overweight on Hanesbrands, Lowers Price Target to $13
Wells Fargo analyst Ike Boruchow maintains Hanesbrands (NYSE:HBI) with a Overweight and lowers the price target from $18 to $13.
