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AI & Enterprise

Sundar Pichai says quantum computing is at the AI stage of 5 years ago as big tech rivalry heats up

Alphabet CEO Sundar Pichai compared quantum computing to the stage AI was at five years ago, TechRadar reported, citing a BBC interview late last year. Competition has intensified among big tech companies and university researchers, with Google working alongside IBM and Amazon. The industry is pursuing fully fault-tolerant quantum computers, with error correction seen as the key hurdle. Google said it first achieved below-threshold error correction in December 2024.

AI & Enterprise

Nvidia-backed U.S. AI firm Runway to set up European headquarters in London

U.S. AI company Runway will make London its European headquarters and invest more than $200 million in the UK artificial intelligence ecosystem by the end of 2028. CNBC reported that the company plans to expand its European business and research organisation from London. Runway recently raised $315 million in a Series E round that included General Atlantic, AMD Ventures and Nvidia, valuing it at $5.3 billion.

Games & Commerce

GameStop pursues $55.5 billion bid for eBay

Video game retailer GameStop has made a private $55.5 billion takeover offer for e-commerce company eBay, the BBC and other foreign media reported on May 4. GameStop offered $125 per eBay share, $20 above Friday’s New York close, and plans to pay in a mix of cash and stock. The BBC said GameStop secured a $20 billion debt financing commitment from TD Securities. CEO Ryan Cohen said he would appeal directly to shareholders if eBay’s board rejects the proposal.