KEY TAKEAWAYS Amazon on Thursday unveiled its first quantum computing chip, about a week after rival Microsoft announced its first chip devoted to the nascent technology.The new chip, called Ocelot, can cut the “costs of implementing quantum error correction by up to 90%,

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

AWS has launchd Ocelot, its first quantum computing chip, bringing it into line with its big cloud rivals Microsoft and Google.