Artificial intelligence (AI) has been a popular investing theme in recent quarters as the technology promises to help businesses gain in efficiency -- and even develop game-changing products and services.

Its Majorana 1 chip, made of a new material, can perform high-level computing tasks with greater speed and accuracy, Microsoft says.

Microsoft has announced a groundbreaking advancement in quantum computing with the introduction of its Majorana 1 chip. This innovative chip promises to bring the dream of quantum computing closer to reality in a matter of years rather than decades.