computing

Amazon has become the third tech giant in as many months to announce a breakthrough in quantum computing - a technology that promises vast processing power but is beset by technical difficulties.

Harnessing sectors such as as AI, life sciences, robotics, clean tech, quantum computing, as well as the creative industries, will help to achieve this, the mayor added.

That’s because the arrival of quantum computing means that many of the encryption algorithms that underpin and secure our hyperconnected world will be trivially easy to crack.

An English teacher with no background in computing, Mr Ma co-founded Alibaba in his apartment more than two decades ago after convincing a group of friends to invest in his online marketplace.

Mr Ivanishvili made his money in 1990s Russia, in computing, metals and banking.