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Market Daily Report: Bursa Malaysia Closes Higher On Strong Buying Of Blue Chips

KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session.  Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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Amazon Unveils First Quantum Computing Chip, Ocelot, to Tackle Error Correction Challenges

Amazon Joins the Quantum Computing Race

  • Amazon Web Services (AWS) has introduced its first-ever quantum computing chip, Ocelot, marking a significant step in quantum error correction.
  • The chip aims to cut quantum computing error-reduction costs by up to 90%, according to the tech giant.

Race for Quantum Dominance Heats Up

  • Amazon’s announcement follows Microsoft's recent claim of a quantum breakthrough and Google's unveiling of its Willow quantum chip in December.
  • The competition among tech giants underscores the push to solve one of quantum computing's biggest hurdles—error correction.

How Ocelot Works

  • Ocelot is a prototype, not a full-scale quantum system, designed to test error correction techniques.
  • Quantum computers use qubits, which are highly sensitive to environmental noise, causing computational errors.
  • Amazon's approach to quantum error correction will be key to scaling quantum systems for real-world applications.

Potential and Skepticism

  • Experts remain cautious, noting that quantum computing is still years—if not a decade—away from commercial viability.
  • Heather West, an analyst at IDC, says Amazon’s Ocelot chip is an advancement, not a breakthrough, as similar approaches exist.
  • AWS continues to invest in quantum infrastructure, including its cloud-based Amazon Braket service and an advisory program to prepare businesses for the technology.

Quantum Future: What’s Next?

  • Amazon is expected to refine Ocelot over the next few years, with further updates anticipated as the company advances its quantum research.
  • CEO Andy Jassy’s push into quantum computing aligns with AWS’s long-term goal of making cloud-based quantum solutions accessible to enterprises.
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