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    ANDREW SMALL

    Quantum could solve AI energy drain, says tech founder

    Quantum computers could curb the vast energy demands of artificial intelligence data centres with their ability to run complex calculations, one of the tech's pioneers told AFP. Australian startup Diraq is conducting the first field test worldwide putting a small quantum computer based on a silicon chip in a commercial data centre in Sydney. Diraq's computer installed in Equinix's Sydney data centre has eight quantum bits, or qubits, on a silicon chip.

    Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse of Ueno Bank, affecting nearly half of Paraguay's population. Vice President Pedro Alliana has assumed presidency amidst public outcry for accountability. Regulators seized Ueno Bank, locking depositors out of their accounts and triggering a political crisis. Lawmakers allege Pena abused his political influence regarding Ueno's operations and regulatory oversight.

    Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation

    In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.

    Musk's $445 million midterm bet goes awry. Is his political influence at risk?

    Elon Musk's $445 million spending spree on Republican candidates yielded limited results in the US midterms, with most of those he backed losing. As Democrats gain control, Musk faces potential congressional investigations, calls for campaign finance reforms and greater scrutiny of his companies, government contracts and political influence.

    Bank of England raises rates for first time since 2023, says more may come

    British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow for new Prime Minister Andy Burnham who has sought to ease of cost of living pressures.

    Is Sabrina Pasterski the next Einstein? Meet the physicist who built her own aircraft at 12 and is exploring Einstein’s biggest unanswered questions about gravity

    Sabrina Pasterski's journey from building an aircraft as a teenager to studying Einstein's biggest unanswered questions has drawn attention to her work in physics. The MIT graduate now researches quantum gravity, black holes and space-time at Canada's Perimeter Institute. She also leads an $8 million research initiative exploring how gravity and quantum mechanics could fit together.

    The Economic Times
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