Transcript
A (0:00)
Where can quantum computing be explored most effectively? Katie Pizzolato, Vice President, IBM Quantum Platform.
B (0:06)
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.
A (0:32)
Here's your afternoon TNB Tech minute for Friday, October 31st. I'm Julie Chang for the Wall Street Journal. Inside Microsoft's earnings was a charge that caught analysts by surprise a $4.1 billion hit on its investment in OpenAI. The figure was up 490% from a year earlier and implies a more than $12 billion quarterly loss at OpenAI, which would mark one of the largest single quarter losses for a tech company in history. OpenAI CEO Sam Altman has told investors to expect years of heavy losses as the company invests to be a leader in AI. Meanwhile, the flurry of Silicon Valley companies trying to build AI data centers is spilling into debt markets. There's been a slew of public and private megadeals since last month, including an $18 billion public corporate bond sale from Oracle and a $27 billion private bond for Meta's Hyperion data center, according to bank of America Hyperscalers to spend 94% of operating cash flow to pay for their AI buildouts themselves and are therefore turning to debt investors to help offset some of that cost. And Charter Communications profits fell in the third quarter. The broadband communications company reported net income of $1.14 billion, down from $1.28 billion the year prior. Charter is facing more competition from fixed wireless and fiber connection services, which are cutting into its home Internet subscrib, though the company is seeing continued gains in its mobile business. In the third quarter, total Internet customers fell by 109,000, but total mobile lines increased by 493,000. Its TV business, meanwhile, is struggling as viewers opt for streaming platforms. Earlier this month, Charter said it would lay off 1200 employees, and that's a wrap on your TMBTech minutes. Check back Monday morning for another quick tech update.
C (2:31)
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