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Another Big Australian Bank Suffers a File Processing Glitch

Commonwealth Bank of Australia says its problems are now fixed

1 min read
Another Big Australian Bank Suffers a File Processing Glitch

News reports out of Australia this morning are saying that Commonwealth Bank of Australia (CBA) suffered an overnight file processing glitch reminiscent of the overnight file processing glitch that caused havoc a few weeks ago at the National Australia Bank and which continues to irritate many NAB customers.

According to this article in the Sydney Morning Herald, approximately 5% of the bank's 11 million business and retail customers were affected by the problem. Some CBA customers found that they could not access ATMs, or found that their accounts registered a "zero balance." On-line banking for some business customers was also unavailable.

All the problems were fixed by noon Sydney time, the bank said.

CBA apologized for the problem and said that customers who may have incurred charges because of the glitch to contact the bank for reimbursement, reportedThe Australian.

In August, a security upgrade at CBA caused a day of banking chaos for its customers for which the bank also had to apologize for.

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An IBM Quantum Computer Will Soon Pass the 1,000-Qubit Mark

The Condor processor is just one quantum-computing advance slated for 2023

4 min read
This photo shows a woman working on a piece of apparatus that is suspended from the ceiling of the laboratory.

A researcher at IBM’s Thomas J. Watson Research Center examines some of the quantum hardware being constructed there.

Connie Zhou/IBM

IBM’s Condor, the world’s first universal quantum computer with more than 1,000 qubits, is set to debut in 2023. The year is also expected to see IBM launch Heron, the first of a new flock of modular quantum processors that the company says may help it produce quantum computers with more than 4,000 qubits by 2025.

This article is part of our special report Top Tech 2023.

While quantum computers can, in theory, quickly find answers to problems that classical computers would take eons to solve, today’s quantum hardware is still short on qubits, limiting its usefulness. Entanglement and other quantum states necessary for quantum computation are infamously fragile, being susceptible to heat and other disturbances, which makes scaling up the number of qubits a huge technical challenge.

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