Here's your afternoon TNB Tech Minute for Tuesday, October 7th. I'm Julie Chang for the Wall Street Journal.

Tesla has debuted a cheaper, stripped-down version of its best-selling SUV. The standard Model Y costs just under $40,000,

but the new lower price doesn't quite cover the recently expired $7,500 electric vehicle tax

credit. The new vehicle lacks features like vegan leather seats and a screen in the back seat.

It also has fewer audio speakers than other versions of the Model Y, no AM FM radio, and a different roof. The Nobel Prize in Physics has been

awarded to a trio of professors in the U.S. for their work in quantum mechanics. John Clark,

Michelle H. DeVore, and John M. Martini's will share the 2025 prize. The winning trio's work allowed other researchers

to create quantum bits or qubits, which aided companies like Google and IBM to build some of

today's most powerful quantum computers. Here's Olegson, chair of the Nobel Committee for Physics during

the announcement ceremony today. There's no advanced technology used today that does not rely on quantum mechanics and quantum physics.

Examples are easy to find in the room, mobile phones, computers, cameras, and the fiber optic cables that connect our world.

Quantum computers promised to be faster than traditional computers

and could aid in finding more efficient options for supply chains or discovering new drugs.

And Dell has lifted its long-term financial targets on surging demand for artificial intelligence.

The computer and software maker said

today it now expects annual revenue to rise between 7% and 9% over the long term. That's up from

a previous target of 3 to 4%. Dell has positioned itself as a supplier of servers and

infrastructure used to train and run AI models.

And that's your T&B Tech Minute. We'll have another QuickTech Update in the morning.