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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. Here's your afternoon TNB Tech minute for Wednesday, November 12th. I'm Julie Chang for the Wall Street Journal. Toyota is doubling down on hybrid vehicles with a new $14 billion battery plant in North Carolina. The Japanese automaker also said it would invest up to $10 billion in U.S. manufacturing over the next five years. Toyota is betting that American consumers will buy increasing numbers of hybrids today, roughly half of the company's U.S. vehicle hybrids or EVs, about double the industry's overall share. The North Carolina plant will be Toyota's first battery production site outside Japan. The company says it'll reduce shipping distances and help avoid tariff risk. It said the plant can supply 600,000 hybrid vehicles a year in North America and is building capacity to supply 74,000 plug in hybrids and 45,000 EVs. Coinbase plans to leave Delaware and reincorporate in Texas. In a filing with the securities and Exchange Commission, the company said a group of shareholders voted to approve the move. The reincorporation was also unanimously approved and recommended by the company's board. Coinbase's chief legal officer said Texas legal framework is more predictable and more efficient than Delaware's. It's the latest company to move its legal home away from Delaware, claiming the state's legal environment is unfriendly to businesses. Others that have departed include Tesla, Dropbox and Roblox. Meanwhile, Texas recently adopted new legislation, including codifying its business judgment rule and establishing the Texas Business Court to make the state more attractive for corporations. And Synopsys will lay off about 10% of its workforce and close certain sites as part of a restructuring plan. The chip software design company said the move will allow it to invest in the business and drive efficiencies following its recent acquisition of simulation software company Ansys. The company anticipates most of the job cuts will be in the fiscal year 2026 and expects to substantially complete the restructuring by late 2027. And that's it for your TNB Tech minutes. We'll have another quick tech update in the morning. If you're waiting for your AI to turn into ROI and wondering how long you have to wait. Maybe you need to do more than wait. Any business can use AI. IBM helps you use AI to change how you do business. Let's create Smart to business IBM.
