Microsoft (MSFT) on Wednesday announced its first 澳洲幸运5官方开奖结果体彩网:quantum computing chip, Majorana 1, and said it could significantly reduce the time needed to reach🅠 quantum computing 🅘at a larger scale.

The Majorana 1 chip contains eight "qubits," or quantum bits, with the potential to scale to 1 million qubits, which the tech giant said would create a computer more powerful than every existing binary computer in the world working together.

Rivals like Alphabet's (GOOGL) Google and some other tech companies are also working on their own designs for quantum computing chips. However, some chipmakers, like Nvidia (NVDA) CEO 澳洲ꦐ幸运5官方开奖结果体彩网:Jensen Huang, have previously cautioned it could still be years before there are "very useful quantum computers."ꩵ

Google 澳洲幸运5官方开奖结果体彩网:debuted its own chip, c🐈alled Willow, in December, the second in the company's six stated milestones in its quantum computing roadmap.

Shares of Microsoft rose just over 1% to close at $414.77 Wednesday. They've gained about 3% over the past 12 months.