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Industry

Academics spar over Microsoft Majorana 2 quantum chip claims

Academics have raised questions over core technology behind Microsoft’s Majorana 2 quantum chip. University of St Andrews physicist Henry Legg said Microsoft has not proven the existence of topological qubits, arguing that tuning procedures, code errors and missing data undermine the company’s claims. Microsoft rejected the criticism, saying it stands by its results and roadmap and that its work has undergone independent verification through a DARPA benchmarking initiative.

Finance

NH Investment & Securities unveils AI virtual person for investment information videos

NH Investment & Securities has introduced investment information video content using artificial intelligence, aiming to improve investor access by converting text-based information into video. The company unveiled its AI-based video content, N2, SIGNAL, featuring an AI-created virtual person, Seo A-in, who explains investment information in an easy-to-understand way. The content is produced from investment reports issued by its research center and will be provided twice a month via its MTS, official YouTube channel and branches.

Crypto

Barstool Sports founder says bitcoin could go to zero, challenges critics

Bitcoin fell below $60,000 on June 24, chilling sentiment across the crypto market as Barstool Sports founder Dave Portnoy aired a bearish view. Portnoy said bitcoin appeared to be heading toward zero and demanded explanations from investors who have argued it will rise to $1 million. Markets slid with bitcoin down 4.2 percent intraday. Liquidations totaled $869.39 million, mostly from long positions. Analysts cited ETF outflows and weak demand.