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In the electron's reference frame, the laser intensity appeared to be about 50% of the Schwinger limit, triggering nonlinear QED phenomena.

“This notion of QED, and essentially steering a contract, in my humble opinion, is the most serious threat to STRS’s solvency in the last 96 years.”

If successful, they could confirm QED once more.

"Any fintech with serious, long-term ambitions will likely have to find a way to become a bank," says Mike Packer, an investor at QED, a venture capital fund which has backed several lending fintechs.

It produced its first commercial MRI machine, QED 80, in 1980.