Nvidia CEO says quantum computing is at an inflection point
Quantum computing
technology is at an inflection point,
Nvidia CEO Jensen Huang
reiterated on Wednesday at the
VivaTech conference
in Paris.
Quantum calculations
could crack problems that currently would demand years of processing from Nvidia's most advanced
AI systems
.
Quantum computing will solve "some interesting problems" in the coming years, Huang added.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Elegant New Scooters For Seniors In 2024: The Prices May Surprise You
Mobility Scooter | Search Ads
Learn More
Undo
The CEO made similar comments in March at Nvidia's annual software developer conference when he spoke about the potential of quantum computing, walking back comments he made in January when he said useful quantum computers were 20 years away.
In March, Huang also announced a new quantum computing research lab in Boston, set to collaborate with Harvard and MIT scientists.
Live Events
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
Chime IPO raises $864 million in long-awaited Nasdaq debut, cuts valuation nearly in half—here's what it means for fintech's big revival
Chime IPO debut raises $864 million, shares pop as fintech market warms up- After years of anticipation, the Chime IPO has finally made its debut on the Nasdaq, raising $864 million and grabbing strong investor attention. The digital banking startup priced its shares at $27, slightly above its marketed range of $24 to $26, signaling rising optimism in the fintech IPO market. Chime is now trading under the ticker symbol CHYM, and early indications suggest a strong opening around $42 per share, representing a 56% jump from its IPO price. This listing not only marks a major milestone for Chime but also signals a possible revival of tech listings in 2025. The IPO values the company at about $11.6 billion fully diluted, a steep drop from its $25 billion private valuation in 2021, but still a major win in today's cautious IPO landscape. Why did Chime slash its valuation from $25 billion to $11.6 billion? During the peak of the pandemic tech boom, Chime was one of the most valuable fintech startups in the U.S., boasting a $25 billion valuation in 2021. But the market has changed drastically. Rising interest rates, investor focus on profitability, and tighter financial conditions have all led to a valuation reset for many tech companies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Insane Cards Now Charging 0% Intro APR Until Nearly 2027 CompareCredit Undo Despite the markdown, Chime's fundamentals appear strong. According to Reuters, the offering still attracted robust demand. The company's 2024 revenue grew by over 30%, and it even posted a rare profit in Q1 2025. Though it closed 2024 with a net loss of $25 million, Chime has shown that it's moving toward a more sustainable, profitable future—a factor that likely helped draw in big investors. What is Chime's business model and how does it make money? Chime is a neobank, meaning it offers banking services online without physical branches. As of March 31, 2025, it had around 8.6 million active users, many of whom are everyday Americans looking for simple, low-cost banking solutions. Its standout features include: Live Events MyPay for early access to direct deposits SpotMe, which allows limited overdraft coverage No-fee checking and savings accounts Chime's primary source of income is interchange fees—a small percentage earned from each debit card transaction. Every swipe adds up, and with millions of users making daily purchases, this model generates substantial recurring revenue. This approach aligns well with cost-conscious consumers, particularly low-to-middle income users, who prefer fee-free and flexible banking. How has Chime performed financially in recent quarters? Chime's financials show signs of consistent growth. In 2024, the company's total revenue increased by more than 30%. While it posted a $25 million net loss for the year, its Q1 2025 profit stood out and was widely noted in media coverage, including Barron's. This kind of performance is rare for fintechs and indicates that Chime is transitioning from growth-at-all-costs to measured, sustainable expansion. This shift in strategy is critical, especially at a time when investors are rewarding companies with clearer paths to profitability. Chime seems to be aligning well with this expectation. Who are Chime's major backers and IPO underwriters? The Chime IPO attracted some of the biggest names in the financial world. Its major backers include DST Global, General Atlantic, and ICONIQ Capital—firms known for backing successful tech unicorns. The IPO was managed by leading investment banks such as Morgan Stanley, Goldman Sachs, and JPMorgan Chase. Their involvement adds further credibility and investor confidence to Chime's debut. According to Bloomberg, this lineup of high-profile backers and underwriters reflects the significant interest in Chime, despite the broader market's caution toward tech stocks. What does the Chime IPO mean for the broader fintech market? The successful Chime IPO could spark momentum for other fintech unicorns like Klarna, Gemini, Medline, and Cerebras Systems, which are all eyeing the public market. In recent months, we've seen a few fintechs like Circle and eToro make progress toward IPOs. If Chime's stock continues to perform well, it could reopen the door for many more tech listings in 2025. Analysts view Chime as a potential bellwether for fintech IPOs. Its strong debut may help rebuild investor confidence in startups that have stable user growth, revenue streams, and profitability in sight. Still, there are macroeconomic risks to watch—such as shifts in trade policy, inflation trends, and interest rate moves—that could impact IPO valuations going forward, as reported by Is this a turning point for fintech IPOs? Chime's IPO debut is more than a big raise—it's a signal that the market may be ready to welcome fintechs back after a long pause. While the drop in valuation compared to 2021 is notable, it reflects a broader market correction. What matters now is that Chime is showing financial discipline, solid revenue growth, and a growing base of loyal users. FAQs: Q1: What was Chime IPO price and valuation in 2025? Chime IPO priced at $27 per share, valuing it at $11.6 billion. Q2: How does Chime make money as a neobank? Chime earns mainly from interchange fees on debit card transactions.
Time of India
41 minutes ago
- Time of India
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps has raised Rs 416.20 crore from anchor investors, marking a strong start ahead of its initial public offering (IPO) which opens for public subscription on Friday. The company informed the exchanges that it allotted 67,78,533 equity shares at Rs 614 per share to anchor investors on Thursday. The anchor book saw participation from a mix of global and domestic institutional investors. Notable names include Societe Generale, BNP Paribas , Smallcap World Fund Inc, ICICI Prudential , Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Amundi Funds, 360 One, Motilal Oswal Mutual Fund, Bandhan Small Cap Fund, Edelweiss Mutual Fund, Troo Capital, Nuvama Mutual Fund, Sundaram Mutual Fund, Edelweiss Life Insurance, and Mahindra Manulife. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Of the total anchor allotment, 29.62 lakh equity shares — around 43.7% of the anchor book — were allocated to 11 domestic mutual funds across 15 schemes, reflecting healthy domestic interest. Oswal Pumps' IPO, scheduled to run from June 13 to June 17, comprises a fresh issue of shares worth Rs 890 crore and an offer for sale of 81 lakh equity shares by promoter Vivek Gupta. At the upper end of the price band — Rs 584 to Rs 614 per share — the issue size is expected to fetch Rs 1,387.34 crore. Investors can place bids in lots of 24 equity shares and in multiples thereafter. The IPO is being made via the book-building process with up to 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. Live Events IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management are the book-running lead managers to the issue, while MUFG Intime India is the registrar.
Time of India
an hour ago
- Time of India
iOS update sparks outrage: iPhone users call new interface a total eyesore and Apple's worst look yet
iOS users apparently don't seem to be happy about Apple's newest iOS 26 update since its release at WWDC 2025. People are complaining that the new "Liquid Glass" design is too flashy and difficult to read, which is meant to modernize the user experience. Many long-time Apple fans believe this is the worst look the company has ever had. Why has the latest iOS update sparked outrage? Users have criticized Apple's iOS 26 update, which has a see-through "Liquid Glass" design, saying it's hard to read and distracting. The makeover, which was shown off at WWDC, affects all Apple devices. Apple called it "gorgeous," but a lot of people online said it was their worst update since iOS 7. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Money Should You Have Before Hiring a Financial Advisor? SmartAsset Learn More Undo People are furious about the "eyesore" iOS update, calling it the "ugliest thing Apple has ever done since iOS 7,' as quoted in a report by The NY Post. ALSO READ: It's official! Dua Lipa confirms engagement to Callum Turner- she is 'Levitating' over her ring and wedding dress ideas Live Events Apple unveiled the facelift, known as Liquid Glass, along with other features at its Worldwide Developer Conference on Monday. According to Wired, this is the tech giant's first interface redesign in ten years. The redesign makes menus, pop-ups, app icons, and other elements appear translucent like frosted glass, giving the impression that background colors are refracted through them. It is currently available to developers, with a public beta scheduled for next month, as per a report. The entire line of Apple products, including iPads, Smartwatches, and Apple TVs, will adopt the new design. According to Apple's website, "the new material, Liquid Glass, is translucent and behaves like glass in the real world." "It intelligently adjusts its color to light and dark environments based on the content around it." What's wrong with liquid glass? The greater transparency, though, did not exactly excite users. One dissatisfied Apple fan wrote, "Steve Jobs would never have approved this," while another raged, " Liquid Glass Design is the ugliest thing @Apple has ever done!" A third person complained, "Apple's new glassy UI (user interface) design literally hurts my eyes to look at." "The alerts are visually repulsive. The worst thing Apple has done since iOS 7 will be this OS update. Not a joke." "Apple has done it again; they have managed to make their UI worse than last year," complained one critic. Even designers have doubts about the Liquid Glass that is expected. "Some of it is difficult to read," Allan Yu, a product designer working on the Output workplace messaging app, told Wired. "Mostly because they made it too transparent." Can this update still be fixed? The design was somewhat distracting and challenging to read, according to Josh Puckett, cofounder of Iteration, a company that assists startups with their designs. However, he remained hopeful that they would eventually make the design more readable. FAQs Why are iPhone users upset with iOS 26? Many people find the new translucent "Liquid Glass" design challenging to read and visually overwhelming. Which devices will receive the new design? The update will be available for all iPhones, iPads, Apple Watches, and Apple TVs.
