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Microsoft deploys new state of matter in its first quantum computing chip

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company spent nearly two decades of research in the field, but Microsoft claims that building Majorana 1 required that it create an entirely new state of matter, which it is referring to as a topological state. Microsoft's quantum chip employs eight topological qubits using indium arsenide, which is a semiconductor, and aluminum, which is a superconductor. "The difficulty of developi

After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said,

Italian media groups file criminal complaint over the WhatsApp hack on journalists

The fallout continues from the recent WhatsApp hacking campaign (by a still-unconfirmed entity) that targeted nearly 100 journalists and activists. Bloomberg reported on Wednesday that a collection of Italian media groups has filed a criminal complaint with the Rome Public Prosecutor's Office. They hope to discover who installed the zero-click spyware, which was made by the Israeli-founded Paragon Solutions. According to Bloomberg, the complaint describes the spyware as an "intolerable intrusio