Microsoft and Google have made breakthroughs in quantum computing, a technology that could revolutionize drug discovery and other fields.

Amazon unveiled its first-ever quantum computing chip on Thursday following similar announcements from Microsoft and Google.

Google revealed Willow, its new quantum chip that could pave the way to a useful, large-scale quantum computer. As disruptive technologies appear at a breathtaking pace, it’s almost hard to imagine what’s next.

Only a little more than a month after Google announced its Willow quantum computing chip, Microsoft is revealing its own. The Majorana 1, Microsoft says, makes use of a topoconductor, which is material that allows for more reliability and scalability from the chip’s qubits.

This news about Google Cloud Key Management Service is part of the tech giant’s post-quantum computing strategy.

Despite a $100 million private placement and a NASA contract, QUBT's long-term viability is threatened by competition from Google and IBM. Read more here.

Google Cloud's Key Management Service now features quantum-safe digital signatures to strengthen data integrity and prepare for emerging quantum computing challenges

Microsoft claims a major breakthrough in quantum computing, Amazon is shutting down its Android app store, and Google is removing Gemini from the standard Google App in iOS. MP3 Please SUBSCRIBE

Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS).

That puts them in precarious positions, where they need to raise cash to continue their research. But a failure to show results jeopardizes their ability to raise cash. One disappointing development and they could find themselves closer to the end of their cash runways than expected.

Quantum computing remains a holy grail in the world of technology. But thanks to some important breakthroughs in the last several months, investors are