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Julich Research Center Inaugurates Europe's First 5,000+ Qubit Quantum Computer
An employee of Forschungszentrum Jülich stands next to the D-Wave Systems Advantage quantum computer (Lukas Schulze/Getty Images)
AI QUANTUM BLOCKCHAIN

The surprising pit stop on the road to AI quantum computing integration

Blockchain is the “first step” here, according to D-Wave Quantum CEO Dr. Alan Baratz.

Luke Kawa

D-Wave Quantum’s recent claim of “quantum supremacy” in identifying optimal sensors was noteworthy beyond the flashy headline and scientific results. Per the company, it would’ve required more than the world’s annual electricity consumption for a supercomputer to have solved the problem (oh, and nearly 1 million years).

When I do a 30,000-foot scan of the tech space, I see artificial intelligence (which requires so much compute and energy) and quantum computing (which is seemingly offering lots of compute with less energy required). It just makes you want to set them up on a blind date and look forward to attending their wedding a year later.

D-Wave Quantum CEO Dr. Alan Baratz is certainly excited by the prospect of getting more involved in AI. The company’s recent spike in bookings was fueled by the order of a quantum computer that’s going to be hooked up to a supercomputer in Germany “to explore new workflows in a few different areas, but especially AI,” Baratz said.

He added something that made our eyebrows go up, though, by saying that recent experiments between quantum computing and blockchain technology are a key pit stop on the path to greater integration of quantum computing and AI.

When we asked him why these seeming soulmates hadn’t already gotten hitched, he told us:

“Theres a first step along the way: blockchain. We also posted a paper on the archive last week where we showed how you could take the computation we did to demonstrate supremacy and use it to create a hashing function. Everybody knows that blockchain and cryptocurrency are based on hashing functions. And then we showed how you could use this quantum hashing function to actually build a blockchain...

Now, whats so important about quantum proof of work is a) its kind of by construction quantum-safe. But b) its much more energy efficient. This will consume far less energy to do the hashing and the mining than what happens today, for example, with bitcoin, which is a massive energy consumer. 

So were very excited about this because if magnetic materials arent approachable enough, blockchain and cryptocurrency should be, and the fact that were now talking about and demonstrating a quantum blockchain based on our quantum computers — thats pretty exciting. And thats the first step toward low energy computation.

Now we are also working on how to apply these technologies in AI and machine learning. And we started working on how to integrate our quantum systems with GPUs to do more energy efficient model training. Weve got some good early results, but on small datasets. Were just now starting to work on larger datasets and were going to move that forward, and especially once we get the Julich system integrated with the GPU system there, we should be able to push that ball even further.”


It’s true that one thing mining bitcoin and AI data centers have in common is that they require a boatload of energy, and if quantum can solve for the notoriously energy-sucking mining process, it’s not impossible to imagine it might do the same for AI training and inference, though they are different problems to solve.

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Saleah Blancaflor

US gas prices drop for the third week in a row to an average of $4.12

As we approach mid-June, the national average of US gas prices has been dropping for three weeks in a row, giving some relief to drivers traveling during a busy summer season. Since May 21, prices have fallen from $4.56 a gallon and are currently at $4.12 due to crude oil prices staying below $100 per barrel, according to the American Automobile Association.

US gas prices have a tendency to peak during this time of the year, and the uncertainty associated with the Strait of Hormuz has made them more volatile and unpredictable. While gas prices have remained around four-year highs, they’re still far from when they reached their highest, at $5 per gallon in June 2022.

GasBuddy’s Patrick De Haan posted on Wednesday that motorists today will be spending approximately $137 million less on gas than they did a month ago, but $385 million more than a year ago.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Prediction markets show traders currently pricing in an 81% chance that US gas prices will drop below $3.80 this year.

US gas prices have a tendency to peak during this time of the year, and the uncertainty associated with the Strait of Hormuz has made them more volatile and unpredictable. While gas prices have remained around four-year highs, they’re still far from when they reached their highest, at $5 per gallon in June 2022.

GasBuddy’s Patrick De Haan posted on Wednesday that motorists today will be spending approximately $137 million less on gas than they did a month ago, but $385 million more than a year ago.

Loading...
 

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Prediction markets show traders currently pricing in an 81% chance that US gas prices will drop below $3.80 this year.

markets

Intel soars on double rating upgrade from BofA on CPU growth

Intel shares are surging following a double rating upgrade from Bank of America, which flipped its stance on the company from bearish to bullish.

Bank of America raised its rating on Intel to “buy” from “underperform, boosting its 12-month price target to $135 a share from $96.

Shares of Intel rose 5.2% in recent trading, bringing the stock’s gains thus far in 2026 to more than 200%.

Analyst Vivek Arya noted higher confidence in INTC’s opportunity to help address industry constraints in leading edge wafers/packaging and its ability to capture a much larger agentic CPU market.

Bank of America heavily increased its estimate for the global server CPU total addressable market (TAM), predicting it will skyrocket to more than $170 billion by 2030. Analysts highlighted the rise of agentic AI as a critical tailwind that will require a massive volume of traditional x86 server chips.

Beyond standard chip architecture design, the report also shows confidence in Intel’s customized manufacturing services. BofA analysts now project that its server CPU revenue could top $40 billion by the end of the decade.

Momentum was built around Intel Foundry services as surging global AI demand continuously outpaces capacity. Just last week, Google reportedly placed an order with Intel to manufacture more than 3 million of its increasingly popular tensor processing unit chips in 2028. According to the report, Nvidia is also testing to see if Intel could manufacture its next-gen Feynman chips.

markets

Chinese EV makers sink to 52-week lows as regulators warn about price war

Several US-listed ADRs of major Chinese EV makers are trading at fresh lows, following reports of domestic sales continuing to stagnate and Chinese regulators warning the companies about their price war.

XPeng, BYD, and Li Auto each hit 52-week lows on Thursday morning.

According to CnEVPost, Chinese regulators summoned automakers suspected of taking part in “irrational” competition on Thursday, warning them to comply with price laws and regulations. China has struggled to crack down on a downward pricing trend among automakers jostling for market share for the better part of a year.

Earlier this week, BYD and Nio were added to the Pentagon’s “Chinese Military Companies” list. Both automakers refuted the designation and left legal action on the table. Nio appears to be seeing a modest stock price boost from the rollout of an update to its Onvo-branded L60 SUV.

According to CnEVPost, Chinese regulators summoned automakers suspected of taking part in “irrational” competition on Thursday, warning them to comply with price laws and regulations. China has struggled to crack down on a downward pricing trend among automakers jostling for market share for the better part of a year.

Earlier this week, BYD and Nio were added to the Pentagon’s “Chinese Military Companies” list. Both automakers refuted the designation and left legal action on the table. Nio appears to be seeing a modest stock price boost from the rollout of an update to its Onvo-branded L60 SUV.

markets

Marijuana company Trulieve begins trading on NYSE

Trulieve officially began trading on the New York Stock Exchange on Thursday, becoming the first American plant-touching cannabis company to do so.

Major exchanges have historically not allowed companies that grow or sell weed in the US to list. Instead, they have traded on low-liquidity over-the-counter exchanges or Canadian exchanges.

Trulieve, which went public in 2018 with a Canadian Securities Exchange listing, is now trading on the NYSE under the ticker TRLV.

Following recent regulatory changes, Trulieve successfully applied to list on the NYSE after it spun off its recreational cannabis business. Other companies have indicated that they are gearing up to do the same.

Trulieve, which went public in 2018 with a Canadian Securities Exchange listing, is now trading on the NYSE under the ticker TRLV.

Following recent regulatory changes, Trulieve successfully applied to list on the NYSE after it spun off its recreational cannabis business. Other companies have indicated that they are gearing up to do the same.

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