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%,

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly two decades of research in the field.

Microsoft has made progress with topological qubits, but they’re still far from a full-scale quantum computer.

Microsoft has unveiled its Majorana 1 quantum computing chip, boasting significant advancements. CEO Satya Nadella sees a path for meaningful quantum applications in the coming years. The company is well-positioned to leverage its capabilities to expand its quantum computing efforts.