Transcript
A (0:00)
Where can quantum computing be explored most effectively? Katie Pizzolato, Vice President, IBM Quantum Platform explains Personally, I'm most excited about the potential applications we don't know yet. It's very exciting to think about where we all sat at the dawn of classical computation and not to ever imagine where we are today. But we know that quantum computers are poised to accelerate time and cost efficiencies in really important fields like drug development, materials discovery, optimization, things that impact all industries foreign.
B (0:35)
Here's your morning TNB Tech minute for Monday, October 27th. I'm Zoe Culkin for the Wall Street Journal. We are exclusively reporting Mercur, a startup that's become a critical component in the ecosystem improving top AI models, is finalizing a new funding deal that would value the company at $10 billion, five times the value it had in February. That's according to people familiar with the matter. The jump in value is credited to Mercur's pivot to one of the most lucrative sectors in the AI boom, hiring thousands of workers to train the machines that could one day replace them. Swiss drugmaker Novartis is acquiring the San Diego based biotech Avidity biosciences in a $12 billion deal, further boosting its long term focus on treating neuromuscular disorders. Avidity is developing experimental drugs based on emerging technology to treat forms of muscular dystrophy, a multi billion dollar market. Under the deal, Avidity shareholders would receive $72 a share, a 46% premium to its Friday close. And Australia's consumer watchdog is suing Microsoft, alleging the US tech giant misled its 2.7 million customers by making it difficult for them to avoid paying for new AI services. The Australian Competition and Consumer Commission filed a case in federal court claiming Microsoft didn't clearly tell existing Microsoft 365 subscribers how to opt out of paying for CoPilot AI tools when their annual plans renewed. The ACCC is seeking fines and refunds for affected users. Microsoft said it's reviewing the allegations. That's your TNB Tech Minute. Join us again this afternoon for more.
C (2:15)
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