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		<title>&#8216;Commercially useful&#8217; quantum computers in 5-7 years</title>
		<link>https://financenews.one/2026/06/19/commercially-useful-quantum-computers-in-5-7-years/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 20 Jun 2026 04:34:52 +0000</pubDate>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>The first &#8220;commercially useful&#8221; quantum computer will be available in the next five-to-seven years, Amazon&#8216;s top artificial intelligence executive told CNBC on Wednesday. Peter DeSantis, who is a few months into his role leading a new Amazon organization focused on AI models, chips and quantum computing, said the technology will then grow in a similar [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/06/108239543-1765344176896-gettyimages-1169387082-INDIA_AMAZON-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p>The first &#8220;commercially useful&#8221; quantum computer will be available in the next five-to-seven years, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1"><a rel="nofollow" href="https://www.cnbc.com/quotes/AMZN/">Amazon</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>&#8216;s top <a rel="nofollow" href="https://www.cnbc.com/ai-artificial-intelligence/">artificial intelligence</a> executive told CNBC on Wednesday.</p>
<p>Peter DeSantis, who is a few months into his role <a rel="nofollow" href="https://www.cnbc.com/2025/12/17/amazon-ai-chief-prasad-leaving-peter-desantis-agi-group.html">leading a new Amazon organization</a> focused on AI models, chips and quantum computing, said the technology will then grow in a similar way to the advancement of semiconductor capabilities.</p>
<p>&#8220;I actually do believe, over the next five-to-seven years, we&#8217;re going to start to see the first commercially useful small-scale quantum computers,&#8221; DeSantis told CNBC.</p>
<p>&#8220;From there, we&#8217;re going to see something that looks a lot like Moore&#8217;s Law, where they&#8217;re going to get bigger and bigger every year, and they&#8217;re going to be able to tackle more and more interesting problems,&#8221; he said.</p>
<p>Moore&#8217;s Law is the idea that the number of transistors on a computer chip doubles every two years, leading to more powerful semiconductors over time.</p>
<p>DeSantis&#8217; comments are the first timeline forecasts delivered by Amazon regarding useful quantum computing. </p>
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<p>Quantum computing proponents claim the technology will be able to solve problems that current computers can&#8217;t.</p>
<p>In classical computing, information is stored in bits. Each bit is either a one or zero. Quantum computing uses quantum bits or qubits which can be zero, one or something in between.</p>
<p>&#8220;One of the misnomers is a quantum computer is going to be a faster computer, that&#8217;s not it at all. A quantum computer is going to solve a very particular type of problem that isn&#8217;t solved well today with a classic computer, and it&#8217;s going to solve it much better,&#8221; DeSantis said.</p>
<p>Quantum computing is becoming an increasingly competitive field with tech giants including <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4"><a rel="nofollow" href="https://www.cnbc.com/quotes/MSFT/">Microsoft</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5"><a rel="nofollow" href="https://www.cnbc.com/quotes/GOOG/">Google</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6"><a rel="nofollow" href="https://www.cnbc.com/quotes/IBM/">IBM</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, as well as a slew of startups, developing the technology.</p>
<p>Last year, Amazon unveiled <a rel="nofollow" href="https://www.cnbc.com/2025/02/27/amazon-touts-its-first-quantum-computing-chip-a-week-after-microsofts-unveiling.html">Ocelot, its quantum computing chip</a> designed to tackle the problem of error correction, a <a rel="nofollow" href="https://www.cnbc.com/2025/05/09/amazon-is-going-after-google-and-microsoft-in-quantum-computing.html">key challenge in the realm of quantum</a>.</p>
<p>DeSantis&#8217; timeline is somewhere in the middle of various other timeline forecasts about useful quantum computing. In March last year, a Google quantum <a rel="nofollow" href="https://www.cnbc.com/2025/03/25/google-quantum-exec-says-tech-is-5-years-out-from-a-real-breakout-.html">executive told CNBC</a> the technology is only five years away from running practical applications that can&#8217;t be calculated on modern computers.</p>
<p>Microsoft believes it will have a commercially viable quantum machine by 2029. </p>
<p>On the other end of the spectrum, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10"><a rel="nofollow" href="https://www.cnbc.com/quotes/NVDA/">Nvidia</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> CEO <a rel="nofollow" href="https://www.cnbc.com/2025/01/08/quantum-stocks-like-rigetti-plunge-after-nvidias-huang-says-the-computers-are-15-to-30-years-away.html">Jensen Huang</a> rocked quantum stocks last year when he said 15 years would &#8220;probably be on the early side&#8221; for useful quantum computers. Huang <a rel="nofollow" href="https://www.cnbc.com/2025/03/20/nvidia-ceo-huang-says-was-wrong-about-timeline-for-quantum-computing.html">later walked back those comments</a>. </p>
<p>&#8220;The problems that I would think are going to be tackled first are the ones that are quantum-based problems, so things like chemistry, material science,&#8221; DeSantis said Wednesday.</p>
<p>&#8220;These are the problems where today we cannot run high enough fidelity simulations in a classic computer, and once we have a quantum computer, we&#8217;re going to find some real progress,&#8221; he said.</p>
<p><em>— CNBC&#8217;s Kif Leswing contributed to this article. </em></p>
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<br />Read More: <a href="https://www.cnbc.com/2026/06/17/amazon-quantum-computing-timeline.html">&#8216;Commercially useful&#8217; quantum computers in 5-7 years</a></p>
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		<title>Nearly 1,300 customers affected by Canada Computers data breach, company</title>
		<link>https://financenews.one/2026/02/09/nearly-1300-customers-affected-by-canada-computers-data-breach-company/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Mon, 09 Feb 2026 11:16:05 +0000</pubDate>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/02/1770635765_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/02/1770635765_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/02/1770635765_default-300x169.jpg 300w" sizes="(max-width: 620px) 100vw, 620px" /></div>Listen to this article Estimated 5 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Canada Computers &#038; Electronics continues to investigate a data breach affecting hundreds of people that has left customers frustrated over how [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2026/02/1770635765_default.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/02/1770635765_default.jpg 620w, https://financenews.one/wp-content/uploads/2026/02/1770635765_default-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div><p> <br />
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<p>Canada Computers &#038; Electronics continues to investigate a data breach affecting hundreds of people that has left customers frustrated over how the company handled the episode and communicated about it.</p>
<p>&#8220;This is something that shouldn&#8217;t have happened,&#8221; said Eric Pimentel, an IT professional who cancelled a credit card after being warned by the company that he&#8217;d potentially been affected — and was later told he was not.</p>
<p>Toronto&#8217;s Brad Seward likewise cancelled a card after getting a notification from Canada Computers, before he was advised that he had not been affected.</p>
<p>&#8220;It really sounds like this company is all over the place,&#8221; Seward said via email.</p>
<p>Canada Computers told CBC News on Tuesday that its &#8220;current investigation indicates this incident affected 1,284 customers.&#8221; </p>
<p>The Richmond Hill, Ont.,-headquartered retailer <a rel="nofollow" href="https://www.cbc.ca/news/business/canada-computers-data-breach-website-9.7067138" target="_blank">previously stated</a> that, on Jan. 22, it learned of a data breach incident involving &#8220;unauthorized access to the system supporting our retail website,&#8221; which left personal customer information — including credit card information — compromised.</p>
<p>Canada Computers says it took immediate steps to contain the breach. It also notified authorities and launched an investigation. Affected customers were alerted on Jan. 25.</p>
<p>The breach has been reported to the federal privacy watchdog as well as to police in York Region.</p>
<p>Pimentel and Seward are among a half-dozen customers who told CBC News they received notification from the company about the breach and were then subsequently told that was not correct.</p>
<p>The company confirms it sent messaging of this nature out and says it apologizes for the confusion.</p>
<p>&#8220;This was a miscommunication,&#8221; the company said Tuesday. &#8220;Canada Computers sent the original notice to both affected customers and to some who were not impacted. We followed up with [the latter] to confirm that their customer information was not affected.&#8221;</p>
<p>The company did not say how many people had received this follow-up messaging.</p>
<h2>Breach affected &#8216;guests&#8217; only, company says</h2>
<p>According to the company, the breach affected customers who checked out their purchases as &#8220;guests&#8221; on its website, and who also entered their personal information, between Dec. 29 and Jan. 22.</p>
<p>Pimentel said he did not check out as a guest. But the company&#8217;s explanation has not left him feeling more secure.</p>
<p>&#8220;I don&#8217;t feel confident at all,&#8221; he said, adding that he expects more transparency from a retailer as big as Canada Computers. The company operates more than 30 stores across four provinces, in addition to its retail website.</p>
<p>&#8220;It&#8217;s not a small mom-and-pop shop in some strip mall,&#8221; said Pimentel, who lives in Hamilton, Ont., within driving distance of two of the company&#8217;s stores.</p>
<p>Seward similarly said he did not check out as a guest when making his recent at&#8230;</p>
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<p><br />
<br />Read More: <a href="https://www.cbc.ca/news/business/canada-computers-data-breach-scope-9.7074605?cmp=rss">Nearly 1,300 customers affected by Canada Computers data breach, company</a></p>
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		<title>OpenAI launches standalone Codex app for Apple computers</title>
		<link>https://financenews.one/2026/02/02/openai-launches-standalone-codex-app-for-apple-computers/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Mon, 02 Feb 2026 18:18:12 +0000</pubDate>
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		<guid isPermaLink="false">https://financenews.one/2026/02/02/openai-launches-standalone-codex-app-for-apple-computers/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>Zoom In IconArrows pointing outwards OpenAI&#8217;s new Codex app. Courtesy of OpenAI OpenAI on Monday launched a standalone app for its artificial intelligence-powered coding assistant, Codex, which is temporarily available to all ChatGPT users with Apple computers. The new app has a simple interface and is designed to serve as a &#8220;command center&#8221; that makes [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/02/108260298-1770055713191-gettyimages-2255992809-boivin-notitle260116_npFWg-1536x864.jpeg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p>OpenAI&#8217;s new Codex app.</p>
<p>Courtesy of OpenAI</p>
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<p><a rel="nofollow" href="https://www.cnbc.com/2024/05/14/openai-cnbc-disruptor-50.html">OpenAI</a> on Monday launched a standalone app for its <a rel="nofollow" href="https://www.cnbc.com/ai-artificial-intelligence/">artificial intelligence</a>-powered coding assistant, Codex, which is temporarily available to all ChatGPT users with <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3"><a rel="nofollow" href="https://www.cnbc.com/quotes/AAPL/">Apple</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> computers. </p>
<p>The new app has a simple interface and is designed to serve as a &#8220;command center&#8221; that makes it easy for software developers to manage multiple AI agents at once, OpenAI said. An AI agent is a tool that can independently complete tasks, like writing code, on behalf of a user. </p>
<p>AI coding assistants have exploded in popularity over the last year, and OpenAI said more than 1 million developers have used Codex in the past month. The company initially launched Codex in April, and it made the product generally available in October. </p>
<p>The new Codex app is part of OpenAI&#8217;s ongoing effort to lure users and market share away from rivals like <a rel="nofollow" href="https://www.cnbc.com/2026/01/27/anthropic-fundraising-microsoft-nvidia.html">Anthropic</a> and <a rel="nofollow" href="https://www.cnbc.com/2025/11/13/cursor-ai-startup-funding-round-valuation.html">Cursor</a>, which have their own buzzy offerings for developers. </p>
<p>OpenAI CEO <a rel="nofollow" href="https://www.cnbc.com/2026/01/31/us-judge-signals-musks-xai-may-lose-lawsuit-accusing-altmans-openai-of-stealing-trade-secrets.html">Sam Altman</a> said the Codex app is &#8220;the most loved internal product we&#8217;ve ever had&#8221; during a briefing with reporters on Friday. </p>
<p>&#8220;It&#8217;s been totally an amazing thing for us to be using recently at OpenAI,&#8221; Altman said. &#8220;&#8216;I&#8217;ve been staying up late at night with excitement, building all sorts of things myself.&#8221;</p>
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<p>Within the Codex app, agents run in separate threads that are organized by project, and users can review the agents&#8217; changes within those threads, OpenAI said. The agents can run in parallel and developers can collaborate with them as they work on long-running tasks. </p>
<p>The Codex app also includes a library of &#8220;skills,&#8221; like image generation, that can help agents complete tasks beyond just generating code, the company said. </p>
<p>Typically, access to Codex is included with ChatGPT subscriptions, which means Plus, Pro, Business, Enterprise or Edu subscribers can use it and purchase additional credits as needed. </p>
<p>But with the launch of the app on Monday, OpenAI said it is also making Codex available to its free users and its low-cost Go subscription tier for a limited time. That means all ChatGPT users can use Codex across all its available interfaces, including the app for those with Apple computers.</p>
<p>To sweeten the deal for existing Codex users, OpenAI said it is temporarily doubling its rate limits across its paid plans. </p>
<p>&#8220;As fast as I can type in new ideas, that is the limit of what can get built,&#8221; Altman said. &#8220;It&#8217;s very cool to watch.</p>
<p><strong>WATCH:</strong> <a rel="nofollow" href="https://www.cnbc.com/video/2026/01/30/openai-considers-q4-ipo.html">OpenAI considers Q4 IPO</a></p>
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<br />Read More: <a href="https://www.cnbc.com/2026/02/02/openai-codex-app-apple-computers.html">OpenAI launches standalone Codex app for Apple computers</a></p>
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		<title>How Do We Protect Bitcoin From Quantum Computers? Not With A Joke</title>
		<link>https://financenews.one/2025/04/17/how-do-we-protect-bitcoin-from-quantum-computers-not-with-a-joke/</link>
					<comments>https://financenews.one/2025/04/17/how-do-we-protect-bitcoin-from-quantum-computers-not-with-a-joke/#respond</comments>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Fri, 18 Apr 2025 02:37:49 +0000</pubDate>
				<category><![CDATA[Crypto]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[computers]]></category>
		<category><![CDATA[joke]]></category>
		<category><![CDATA[protect]]></category>
		<category><![CDATA[Quantum]]></category>
		<guid isPermaLink="false">https://financenews.one/2025/04/17/how-do-we-protect-bitcoin-from-quantum-computers-not-with-a-joke/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="630" src="https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp.webp 1200w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-300x158.webp 300w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-1024x538.webp 1024w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-768x403.webp 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div>Recently, Project Eleven (a quantum computing research group) announced a 1 bitcoin reward for the first team able to complete a challenge to demonstrate breaking a ECC (elliptic curve cryptograph) key using Shor’s algorithm on a quantum computer.  The deadline for this challenge is April 5th, 2026, meaning in order to qualify for the prize [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="630" src="https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp.webp 1200w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-300x158.webp 300w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-1024x538.webp 1024w, https://financenews.one/wp-content/uploads/2025/04/How-Do-We-Protect-Bitcoin-From-Quantum-Computers_-Not-With-A-Joke.webp-768x403.webp 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></div><p> <br />
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<figure class="alignright size-large is-resized"><img loading="lazy" width="1024" height="1024" alt="Shinobi" style="width:279px;height:auto;" title="How Do We Protect Bitcoin From Quantum Computers? Not With A Joke 1" sizes="auto, (max-width: 1024px) 100vw, 1024px" srcset="https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-1024x1024.jpg 1024w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-300x300.jpg 300w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-150x150.jpg 150w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-768x768.jpg 768w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-1536x1536.jpg 1536w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-420x420.jpg 420w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-696x696.jpg 696w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-1068x1068.jpg 1068w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-1920x1920.jpg 1920w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-70x70.jpg 70w, https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi.jpg 2000w" src="https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-1b226b3/bitcoinmagazine.com/wp-content/uploads/2025/03/shinobi-1024x1024.jpg" class="wp-image-41226 nitro-lazy" decoding="async" nitro-lazy-empty="" id="NzExOjEyOTI=-1"/></figure>
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<p class="nitro-lazy">Recently, Project Eleven (a quantum computing research group) <a rel="nofollow" href="https://bitcoinmagazine.com/news/project-eleven-to-award-1-btc-to-tackle-bitcoins-quantum-vulnerability">announced a 1 bitcoin reward</a> for the first team able to complete a challenge to demonstrate breaking a ECC (elliptic curve cryptograph) key using Shor’s algorithm on a quantum computer. </p>
<p>The deadline for this challenge is April 5th, 2026, meaning in order to qualify for the prize a team must demonstrate breaking a key pair it must be done before that deadline. </p>
<p>This is frankly a completely absurd and meaningless prize for a number of reasons, the first of which is the deadline of just under a year from today. Even highly optimistic projections about the progress of quantum computing put the timeline of practically achieving such a goal at more like 5-10 years. Expecting a workable proof of concept demonstration that actually breaks a keypair in a single year is pretty laughable at face value, even if you do view quantum computing as a material threat in the short term. </p>
<p>Next is the factor of economic incentives. A single bitcoin is currently worth approximately $80,000. That is frankly not a lot of money in the grand scheme of things. Especially when it comes to the application of a cutting edge technology like quantum computing that can perform an entire class of computation exponentially faster than a classical computer. Imagine how much more valuable things could be done with a working quantum computer. </p>
<p>You could eavesdrop on internet connections regardless of TLS, breaking secure connections to banks, equity brokerages, private corporate networks not using post-quantum cryptography. You could break every private messenger application on the planet, you could decrypt any PGP encrypted message sent over email that you knew the public key for. You could break the entire DNS system’s certificate authority hierarchy, allowing you to impersonate any server in the world a user tries to connect to. </p>
<p>All of these things have immeasurable value beyond just a mere $84,000. Why on Earth would someone with a working quantum computer publicly reveal that fact to claim a single bitcoin when they could take advantage of all these other things they would be capable of doing?</p>
<p>Okay, let’s sweep all of those possibilities aside and pretend the entire world magically migrates to post-quantum cryptography aside from Bitcoin. It <em>still</em> makes no sense to try to publicly claim this prize if you have a functional quantum computer. </p>
<p>Let’s assume you have a barely performant enough quantum computer, that it takes a decent amount of time to crack a single key. How many bare public keys are there securing 50 BTC outputs from the first mining epoch? THOUSANDS of them. Why on Earth would you crack one, and then go tell everyone publicly to claim <em>a single bitcoin</em>? You would just try to crack as many of those early coinbase rewards as possible before people detected you. </p>
<p>Finally, the timetable on its own is just absurd. Quantum computers currently are not even capable of factoring prime&#8230;</p>
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<p><br />
<br />Read More: <a href="https://bitcoinmagazine.com/takes/how-do-we-protect-bitcoin-from-quantum-computers-not-with-a-joke">How Do We Protect Bitcoin From Quantum Computers? Not With A Joke</a></p>
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		<title>Trump administration to exclude smartphones and computers from latest</title>
		<link>https://financenews.one/2025/04/12/trump-administration-to-exclude-smartphones-and-computers-from-latest/</link>
					<comments>https://financenews.one/2025/04/12/trump-administration-to-exclude-smartphones-and-computers-from-latest/#respond</comments>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Sat, 12 Apr 2025 21:38:40 +0000</pubDate>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[administration]]></category>
		<category><![CDATA[computers]]></category>
		<category><![CDATA[Exclude]]></category>
		<category><![CDATA[latest]]></category>
		<category><![CDATA[Smartphones]]></category>
		<category><![CDATA[Trump]]></category>
		<guid isPermaLink="false">https://financenews.one/2025/04/12/trump-administration-to-exclude-smartphones-and-computers-from-latest/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file.jpg 620w, https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div>The Trump administration late Friday said it would exclude electronics like smartphones and laptops from &#8220;reciprocal&#8221; tariffs, a move that could help keep the prices down for popular consumer electronics that aren&#8217;t usually made in the U.S. The move would also benefit big tech companies like Apple and Samsung, and chip makers like Nvidia. U.S. Customs and [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="620" height="349" src="https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file.jpg 620w, https://financenews.one/wp-content/uploads/2025/04/shutterstock-medium-file-300x169.jpg 300w" sizes="auto, (max-width: 620px) 100vw, 620px" /></div><p> <br />
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<p>The Trump administration late Friday said it would exclude electronics like smartphones and laptops from &#8220;reciprocal&#8221; tariffs, a move that could help keep the prices down for popular consumer electronics that aren&#8217;t usually made in the U.S.</p>
<p>The move would also benefit big tech companies like Apple and Samsung, and chip makers like Nvidia.</p>
<p>U.S. Customs and Border Protection listed some 20 products that would qualify for the exemption. They include hard drives, memory chips, flat-panel monitors and solid-state storage devices, as well as machines used to make semiconductors.</p>
<p>That means they won&#8217;t be subject to the current 145 per cent tariffs levied on China, or the 10 per cent baseline tariffs elsewhere.</p>
<p>Trump previously said he would consider exempting some companies from tariffs.</p>
<p>The move takes off &#8220;a huge black cloud overhang for now over the tech sector and the pressure facing U.S. Big Tech,&#8221; said Wedbush analyst Dan Ives in a research note.</p>
<div><em><strong>WATCH | Trump announces 90-day tariff pause for everyone except China</strong></em>: <span><span class="mediaEmbed"></p>
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<p class="video-item-title">Trump announces 90-day tariff pause for everyone but China</p>
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<p><span class="media-caption">U.S. President Donald Trump announced a 90-day pause on his country-specific ‘Liberation Day’ tariffs — except for China, which now faces a tariff rate of 125 per cent. </span></span></span> </div>
<p>Trump&#8217;s latest tariffs have raised fears of a U.S. recession and drawn <a rel="nofollow" href="https://www.cbc.ca/news/world/tariffs-political-fallout-1.7502562" target="_blank">criticism from his fellow Republicans</a>, who do not want to lose control of the U.S. House of Representatives and Senate to Democrats in next year&#8217;s midterm elections.</p>
<p>Neither Apple nor Samsung responded to a request for comment early Saturday. Nvidia declined to comment.</p>
<p>The <a rel="nofollow" href="https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e55?wgt_ref=USDHSCBP_WIDGET_2" target="_blank">notice</a> did not provide an explanation for the Trump administration&#8217;s move, but White House spokesperson Karoline Leavitt said in a statement after the exclusions were made public that Trump had secured trillions of dollars in U.S. investments from companies including Apple and Nvidia.</p>
<p>In late February, Apple announced it will invest more than $500 billion US over the next four years in the United States, some of that going toward a new manufacturing facility in Texas. In March, Nvidia promised to spend &#8220;several hundred billion&#8221; dollars to make semiconductors and other electronics in the U.S. over the same period of time.</p>
<p>Trump ran for re-election last year largely on a promise to bring down prices, which, fuelled by inflation from the pandemic and Russia&#8217;s war in Ukraine, had tarnished the economic reputation of then-president Joe Biden and his Democratic allies.</p>
<p>But Trump also promised as a candidate to impose the tariffs that have become a central part of his economic agenda, and the U.S. president has dismissed the turbulence in financial markets and expected price increases arising from the levies as a disturbance that was a necessary part of realigning the global economy and world trading order with his vision.</p>
<p>Apple has manufactured most of its iPhones in China since the first model hit the market 18 years ago.</p>
<p>&#8220;The concept of making iPhones in the&#8230;</p>
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<br />Read More: <a href="https://www.cbc.ca/news/world/trump-electronics-retaliatory-tariffs-exemption-1.7508923?cmp=rss">Trump administration to exclude smartphones and computers from latest</a></p>
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