- Google released renderings for its massive downtown San Jose campus, which will face final approval in spring 2021.
- The company’s mixed-use campus, which is in coordination with the city of San Jose, is a departure from prior campuses as more than half of it will be open to the public in some form.
- The campus includes childcare centers, performative arts centers and ecological viewing stations.
Google has released a first look at its next massive campus — and it looks nothing like those before it.
The company released renderings and sketches of guidelines for its mixed-use, 80-acre campus in downtown San Jose, which will house 25,000 employees. More than half of the “Downtown West” 80-acre project — which is being built in coordination with the city of San Jose — will be allocated for residential and public space and include features like childcare centers, outdoor moving screenings and ecological viewing stations.
“Thousands of conversations helped us hone in to what we really want in a site, which was much less the corporate campus and the financial district and much more a resilient neighborhood,” said Alexa Arena, Google’s district lead for San Jose in a video. “Downtown West is designed to be a true part of the city — the opposite of a traditional corporate campus,” lead urban designer Laura Crescimano said in a statement.
It comes a year after the company filed its initial campus framework, which kicked off formal studies and community feedback discussions. Last month, Google launched renderings for its new town-like tech campus in Mountain View, Calif., which aims to convert 40 acres of Mountain View land into a mixed-use campus open to local residents.
Silicon Valley tech companies like Facebook and Google have begun departing
Last May, I had a discussion with Peter Chapman, CEO of IonQ, a start-up quantum computing company. Before coming to IonQ, Chapman worked for Amazon, where he was responsible for all the technical complexities of Amazon Prime. IonQ had accomplished a lot in the twelve months that Chapman had been at the helm, so I was looking forward to talking to him.
My biggest surprise during that discussion was that IonQ was simultaneously working on its next three generations of its trapped-ion quantum computers – 5th, 6th, and 7th generations.
In a recent follow-up with Chapman, including Chris Monroe, IonQ’s Co-founder and Chief Scientist, we discussed IonQ’s release of its 5th generation quantum hardware. Keep in mind that the 6th and 7th generations are still in development. Chapman said that each generation would be smaller and more powerful than its predecessor when released. Although he didn’t mention it, I wouldn’t be surprised if Chapman’s team hasn’t already begun work on IonQ’s 8th generation processor.
Features of IonQ’s new 5th generation quantum computer
A qubit is the fundamental unit of information in a quantum computer. A classical computer bit can only be a one or zero. A qubit can also exist as a one or zero, but when in a quantum state, it can be a superposition of both values. IonQIon says its ‘s newest quantum hardware has 32 ion qubits in its latest release, almost tripling the 11 qubits in its previous quantum computer.
Robert Niffenegger, a Ph.D. and a member of the Trapped Ion and Photonics group at MIT Lincoln Laboratory, said he wasn’t surprised at the large jump in the number of qubits. ”Honestly, I think a lot of people were just holding their breath until they [IonQ] announced. They’ve published papers on
Stocks rose sharply, especially stocks that are highly levered to economic growth. Employment data was exceptionally strong and growth stocks were also in favor again.
The S&P 500 rose 1.4%, with the tech-heavy Nasdaq up 1.5%, but all sectors were contributing to gains on all indices. The 10-Year Treasury yield shot up to 0.70% from 0.65%. Inflation expectations have been rising incrementally of late, as the real yield on the 10-Year is above negative 0.9%, compared to below -1% earlier this year.
The ADP jobs report smoked expectations, with a September reading of 749,000 jobs added against economists estimates of 600,000. Even with questions lingering over whether the House’s proposed $2.2 trillion stimulus bill will be passed, consumer confidence was strong in September and businesses were adding employees, keeping the V-shaped economic and earnings recovery alive.
All large cap cyclical sectors were up meaningfully, with oil, banking, manufacturing and consumer discretionary all up between 0.5% and 1.7% by noon.
Jobless claims earlier this year looked bleak and consumer confidence readings in August were bleak, painting a mixed picture on the speed of the recovery, but the magnitude of the jobs beat, coupled with a fiscal stimulus bill moving along, was encouraging to investors.
In tech, semiconductors lagged, but still rose. The iShares PHLX Semiconductor ETF (SOXX) – Get Report rose 0.88%. Micron (MU) – Get Report wiped the floor clean on quarterly revenue earnings, but its current quarter revenue guidance of $5.2 billion was light compared to analysts’ hopes for $5.27 billion.
Earnings per share was guided at 47 cents against estimates of 66 cents. Analyst not that Huawei revenue — 10% of Micron’s total — and slowing enterprise spend in cyclical customers like energy and hospitality ones are weighing on the near-term outlook. Still, management