2020 Innovations in Cell Rejuvenation, COVID-19 Diagnostic Kits & Vaccines, Biobased Plastics, Renewable Energy, and Quantum Computing -…

DUBLIN--(BUSINESS WIRE)--The "2020 Innovations in Cell Rejuvenation, COVID-19 Diagnostic Kits and Vaccines, Biobased Plastics, Renewable Energy, and Quantum Computing" report has been added to ResearchAndMarkets.com's offering.

This edition of the Inside R&D Technology Opportunity Engine (TOE) features trends and innovations based on the development of lead vaccines and diagnostic test kits to combat the COVID-19 pandemic outbreak. The TOE also provides intelligence on the use of novel innovations that help in developing numerous antibodies for the COVID-19 virus. The TOE also features innovations in developing anti-aging cells and the use of artificial intelligence and digital platforms for pandemic contact tracking.

The TOE additionally provides insights on using modular thermal energy storage devices and combined heat and power solutions to enhance the positive impact on the environment. Furthermore, the TOE covers enhancing capabilities of robots, efficient hydrogen production, and the use of composites in marine, oil & gas industries. It also focuses on innovations related to the use of carbon-silicon composites, biodegradable insulation material, and cellulose-based polyamides.

Key Topics Covered

For more information about this report visit https://www.researchandmarkets.com/r/v1gekk

View post:
2020 Innovations in Cell Rejuvenation, COVID-19 Diagnostic Kits & Vaccines, Biobased Plastics, Renewable Energy, and Quantum Computing -...

QUANTUM COMPUTING INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations, (form 10-Q) – marketscreener.com

This quarterly report on Form 10-Q and other reports filed Quantum Computing,Inc. (the "Company" "we", "our", and "us") from time to time with the U.S.Securities and Exchange Commission (the "SEC") contain or may containforward-looking statements and information that are based upon beliefs of, andinformation currently available to, the Company's management as well asestimates and assumptions made by Company's management. Readers are cautionednot to place undue reliance on these forward-looking statements, which are onlypredictions and speak only as of the date hereof. When used in the filings, thewords "anticipate," "believe," "estimate," "expect," "future," "intend," "plan,"or the negative of these terms and similar expressions as they relate to theCompany or the Company's management identify forward-looking statements. Suchstatements reflect the current view of the Company with respect to future eventsand are subject to risks, uncertainties, assumptions, and other factors,including the risks contained in the "Risk Factors" section of the Company'sAnnual Report on Form 10-K for the fiscal year ended December 31, 2019, relatingto the Company's industry, the Company's operations and results of operations,and any businesses that the Company may acquire. Should one or more of theserisks or uncertainties materialize, or should the underlying assumptions proveincorrect, actual results may differ significantly from those anticipated,believed, estimated, expected, intended, or planned.Although the Company believes that the expectations reflected in theforward-looking statements are reasonable, the Company cannot guarantee futureresults, levels of activity, performance, or achievements. Except as required byapplicable law, including the securities laws of the United States, the Companydoes not intend to update any of the forward-looking statements to conform thesestatements to actual results.Our financial statements are prepared in accordance with accounting principlesgenerally accepted in the United States ("GAAP"). These accounting principlesrequire us to make certain estimates, judgments and assumptions. We believe thatthe estimates, judgments and assumptions upon which we rely are reasonable basedupon information available to us at the time that these estimates, judgments andassumptions are made. These estimates, judgments and assumptions can affect thereported amounts of assets and liabilities as of the date of the financialstatements as well as the reported amounts of revenues and expenses during theperiods presented. Our financial statements would be affected to the extentthere are material differences between these estimates and actual results. Inmany cases, the accounting treatment of a particular transaction is specificallydictated by GAAP and does not require management's judgment in its application.There are also areas in which management's judgment in selecting any availablealternative would not produce a materially different result. The followingdiscussion should be read in conjunction with our financial statements and notesthereto appearing elsewhere in this report.OverviewAt the present time, we are a development stage company with limitedoperations. The Company is currently developing "quantum ready" softwareapplications and solutions for companies that want to leverage the promise ofquantum computing. We believe the quantum computer holds the potential todisrupt several global industries. Independent of when quantum computingdelivers compelling performance advantage over classical computing, the softwaretools and applications to accelerate real-world problems must be developed todeliver quantum computing's full promise. We specialize in quantumcomputer-ready software application, analytics, and tools, with a mission todeliver differentiated performance using non-quantum processors in thenear-term.We are leveraging our collective expertise in finance, computing, mathematicsand physics to develop a suite of quantum software applications that may enableglobal industries to utilize quantum computers, quantum annealers and digitalsimulators to improve their processes, profitability, and security. We primarilyfocus on the quadratic unconstrained binary optimization (QUBO) formulation,which is equivalent to the Ising model implemented by hardware annealers, bothnon-quantum from Fujitsu and others and quantum from D-Wave Systems, and alsomappable to gate-model quantum processors. We are building a software stack thatmaps and optimizes problems in the QUBO form and then solves them powerfully oncloud-based processors. Our software is designed to be capable of running onboth classical computers and on annealers such as D-Wave's quantum processor. Weare also building applications and analytics that deliver the power of oursoftware stack to high-value discrete optimization problems posed by financial,bio/pharma, and cybersecurity analysts. The advantages our software delivers canbe faster time-to-solution to the same results, more-optimal solutions, ormultiple solutions. 2

Products and Products in Development

The Company is currently working on software products to address, communitydetection (analysis for pharmaceutical applications and epidemiology),optimization of job shop scheduling, logistics, and dynamic route optimizationfor transportation systems. The Company is continuing to seek out difficultproblems for which our technology may provide improvement over existingsolutions.

We are continuing to develop software to address two classes of financialoptimization problems: Asset allocation and Yield Curve Trades. For assetallocation, our target clients are the asset allocation departments of largefunds, who we envision using our application to improve their allocation ofcapital into various asset classes.

Three Months Ended March 31, 2020 vs. March 31, 2019

Liquidity and Capital Resources

The following table summarizes total current assets, liabilities and workingcapital at March 31, 2020, compared to December 31, 2019:

Off Balance Sheet Arrangements

Critical Accounting Policies and Estimates

We have identified the accounting policies below as critical to our businessoperations and the understanding of our results of operations.

Lease expense for operating leases consists of the lease payments plus anyinitial direct costs, primarily brokerage commissions, and is recognized on astraight-line basis over the lease term.

The Company's policy is to present bank balances under cash and cashequivalents, which at times, may exceed federally insured limits. The Companyhas not experienced any losses in such accounts.

Net loss per share is based on the weighted average number of common shares andcommon shares equivalents outstanding during the period.

Edgar Online, source Glimpses

The rest is here:
QUANTUM COMPUTING INC. Management's Discussion and Analysis of Financial Condition and Results of Operations, (form 10-Q) - marketscreener.com

Outgoing innovation commissioner says British Columbia needs to create innovation hubs – BetaKit

British Columbias innovation commissioner has released his final report on how the provincial government can help BC tech, and support innovation across all of the provinces sectors.

Alan Winter, who is the provinces first innovation commissioner, completed his two-year term with the Government of British Columbia on February 4. This report is his final one to Michelle Mungall, minister of jobs, economic development, and competitiveness, on his observations on the innovation sector in the province. Winter made five recommendations to the government.

Winter acknowledged that BCs federal funding has not been leveraged in a significant way.

My recommendations are focused on helping to grow BC companies and are intended to be affordable, actionable in the short term, and reflect the advice I have heard repeatedly, Winter said.

The first recommendation is to fund the establishment and operation of innovation precincts across the province. He refers to precincts as physical places, predominantly centrally located within a community that help foster cross-sectoral innovation and organically grow talent and commercial development. Winter used MaRS Discovery District in Toronto as an example of an innovation precinct.

While there is currently no precinct on the scale of MaRS here, there could be, Winter said in his report, adding that an innovation precinct could be established at St. Pauls hospital campus which would be focused on health research and development.

Notably, Winter acknowledged that BCs federal funding, from sources such as the federal Strategic Investment Fund, has not been leveraged in a significant way, and that the province has made limited investments in innovation precincts.

RELATED: British Columbias 2020 budget lacks new spending for tech and innovation

Last year, the BC Tech Association was unable to secure provincial or federal funding to enable the Cube, an augmented reality and virtual reality community hub, to remain open.

Other leading members of BCs tech sector have also expressed concern over the lack of innovation hubs in the province. One entrepreneur and CEO BetaKit spoke with on background expressed frustration with the provinces lack of support for local hubs, accelerators, and incubators.

Weve been forced to be entrepreneurial, the person told BetaKit. Weve never had a lot of government support. I think there are going to be some serious problems down the road if people dont address it.

As government support has dwindled for some local innovation hubs, the province has touted the influx of large tech companies to BC, such as Shopify and Amazon opening large offices in the city.

Winters second recommendation is to support the development of emerging technology clusters, which would differ from precincts as they would be geographically connected groups working together in a particular field.

Winter also recommended the province support the development of emerging technology clusters.

Winter highlighted that BC could develop clusters in quantum computing, artificial intelligence, genomics, or augmented and virtual reality. The province is already establishing partnerships within some of these verticals, such as a proposed innovation corridor between Surrey and Vancouver focused on quantum computing.

Vancouver is among the ecosystems to watch for artificial intelligence development, according to last years Startup Genome report. BC is also home to startups like D-Wave and 1QBit, focused on advancing quantum computing research, and startups like Form and Archiact, which are bringing AR and VR products to market.

The province of BC should work with the federal government to catalyze, align, and co-fund key provincial cluster priority areas which would leverage dollars available from several sources such as the federal Strategic Investment Fund, Winter said.

Winters third recommendation is to use the CleanBC Plan as an economic driver. The plan, announced in 2018, is aimed at reducing climate pollution, while creating jobs and economic opportunities. Last year, Startup Genome listed Vancouver as an ecosystem to watch for cleantech, referencing companies like Terramera and Carbon Engineering as companies that have experienced notable growth.

The provinces CleanBC plan sets out a good climate vision and brand but the opportunity exists to use the strategy to drive further economic growth in BC, Winter said, recommending the provincial government incentivize companies to seek out BC solutions when working to meet its climate targets and regulations.

Winters fourth recommendation is to encourage the creation of and protect intellectual property (IP). Winter noted that some of the provinces main challenges in this area include IP leakage, a poor incentive structure, the cost of patents, and relatively low levels of business investment in research and development.

RELATED: SFU gets $17 million from BC government to establish quantum research institute

The outgoing innovation commissioner recommended the government provide matching funding to BC-based small and medium enterprises to assist them in seeking patent protection. He said this, along with tax incentives for income related to the sale of patented products, could encourage companies to increase IP activity within the province.

Winters final recommendation is to invest in leadership talent development strategies. He said although BC has a highly skilled and talented workforce, the province lacks experienced leaders who can scale and grow companies.

As a result, BC firms are at higher risk of acquisition by larger companies based in other jurisdictions, he said. Government should [develop] mentorship and leadership skills across the province, incorporating them as a key component of precincts, and as a means to supporting local companies growth.

Image source BC Tech Association.

See original here:
Outgoing innovation commissioner says British Columbia needs to create innovation hubs - BetaKit

U.S. Officials: Beware Of China And Others Trying To Steal COVID-19 Research – NPR

A pharmacist gives Jennifer Haller a shot in the first-stage safety clinical trial of a potential vaccine for COVID-19 on March 16 at the Kaiser Permanente Washington Health Research Institute in Seattle. U.S. officials say they are already seeing efforts by foreign actors to steal information from U.S. firms working on a vaccine and treatments for the virus. Ted S. Warren/AP hide caption

A pharmacist gives Jennifer Haller a shot in the first-stage safety clinical trial of a potential vaccine for COVID-19 on March 16 at the Kaiser Permanente Washington Health Research Institute in Seattle. U.S. officials say they are already seeing efforts by foreign actors to steal information from U.S. firms working on a vaccine and treatments for the virus.

As researchers around the globe race to develop a coronavirus vaccine, U.S. authorities are warning American firms to exercise extreme caution in safeguarding their research against China and others with a track record of stealing cutting-edge medical technology.

"We are imploring all those research facilities and hospitals and pharmaceutical companies that are doing really great research to do everything in their power to protect it," Bill Evanina, the director of the National Counterintelligence and Security Center, said in an interview with NPR.

"We don't want that company or the research hospital to be the one a year from now, two years from now, identified as having it all stolen before they finished it," said Evanina, whose center falls under the director of national intelligence.

The U.S. Department of Homeland Security and Britain's National Cyber Security Center recently issued a statement saying hackers are "actively targeting organisations ... that include healthcare bodies, pharmaceutical companies, academia, medical research organisations, and local government."

The statement did not name China or any other country. Reuters reported that hackers linked to Iran tried to break into email accounts at the U.S. drugmaker Gilead Sciences, which has a potentially promising drug to treat the COVID-19 virus. Iran denied the report.

China's record

Meanwhile, Evanina says China, far more than any other country, has been aggressively stealing valuable medical technology for years. Information on a possible vaccine would be a huge prize.

"We have full expectation that China will do everything in their power to obtain any viable research that we are conducting here in the U.S.," Evanina said. "That will be in line with their capabilities and intent the last decade plus, and we are expecting them to continue to do so."

A number of drug makers, research labs and government health bodies have announced efforts to seek a vaccine or treatment for COVID-19. That's made them a target, FBI Deputy Assistant Director Tonya Ugoretz said recently.

"We certainly have seen reconnaissance activity, and some intrusions, into some of those institutions," she said. "It kind of makes them a mark for other nation-states that are interested in gleaning details about what exactly they're doing and maybe even stealing proprietary information."

China has long denied involvement in corporate espionage and has called for international cooperation to accelerate progress on COVID-19 vaccines and therapies. Beijing points to its sharing of the coronavirus' gene sequence as evidence of its sincerity. Meanwhile, Chinese labs say they are racing ahead to find a homegrown vaccine.

President Trump and his administration have frequently criticized China for its handling of the coronavirus. Trump and Secretary of State Mike Pompeo have said the virus may have escaped from a lab in the central city of Wuhan. But they have not provided evidence, and this has led to skepticism about some administration claims regarding what has happened inside China in recent months.

'Made in China 2025'

However, the U.S. national security community has shared a broad consensus for years about what they say is a sustained Chinese government effort to acquire, lawfully or not, a wide range of intellectual property, including medical research.

U.S. officials often point to China's President Xi Jinping and his "Made in China 2025" plan, which calls for the country to be a world leader in the most important technologies of the 21st century artificial intelligence, renewable energy, quantum computing, driverless cars and wide range of medical technologies.

In the past couple years, the Justice Department has filed charges in multiple cases involving Chinese nationals or people suspected of working for China to steal medical technology, often involving cancer research.

U.S. officials describe these efforts as taking several different forms.

One is widespread and persistent hacking attempts directed at tech companies or research labs working on technology China has identified as important.

A second method is sending students or researchers to work in the U.S., often for extended periods. In a case last year, the Justice Department filed charges against a Chinese couple that worked for 10 years at an Ohio lab that researches pediatric diseases, including childhood cancers. U.S. authorities accuse the couple of stealing research at the Ohio lab for use in a company the husband-and-wife team had established back in China.

U.S. officials say a third path is China's Thousand Talents Program. China identifies promising research, often at a U.S. university, then offers funding through its Thousand Talents Program with the expectation it will get access to the research as well. U.S. academics are required to tell the U.S. government if they receive such foreign funding.

Security briefings

To combat the theft of U.S. technology, Evanina works with law enforcement and other government partners to brief company CEOs, university presidents and other leaders of organizations that are being targeted.

This began several years ago, and includes senior leaders in the medical community. Sometimes they are called to Washington for a briefing where the organizations may also hear from Sen. Richard Burr, the North Carolina Republican who heads the Senate Intelligence Committee, and Sen. Mark Warner of Virginia, the ranking Democrat.

"We provide (the organizations) a one-day classified briefing. We make sure they understand the complexity of the threat. We've done that for multiple sectors that include hospitals, medical centers and research institutions and the pharmaceutical community as well," said Evanina.

Greg Myre is an NPR national security correspondent. Follow him @gregmyre1.

View original post here:
U.S. Officials: Beware Of China And Others Trying To Steal COVID-19 Research - NPR

Archer to work alongside IBM in progressing quantum computing – ZDNet

Archer CEO Dr Mohammad Choucair and quantum technology manager Dr. Martin Fuechsle

Archer Materials has announced a new agreement with IBM which it hopes will advance quantum computing and progress work towards solutions for the greater adoption of the technology.

Joining the IBM Q Network, Archer will gain access to IBM's quantum computing expertise and resources, seeing the Sydney-based company use IBM's open-source software framework, Qiskit.

See also: Australia's ambitious plan to win the quantum race

Archer is the first Australian company that develops a quantum computing processor and hardware to join the IBM Q Network. The IBM Q Network provides access to the company's experts, developer tools, and cloud-based quantum systems through IBM Q Cloud.

"We are the first Australian company building a quantum chip to join into the global IBM Q Network as an ecosystem partner, a group of the very best organisations at the forefront of quantum computing." Archer CEO Dr Mohammad Choucair said.

"Ultimately, we want Australian businesses and consumers to be one of the first beneficiaries of this exciting technology, and now that we are collaborating with IBM, it greatly increases our chances of success".

Archer is advancing the commercial readiness of its12CQ qubit processor chip technology towards a minimum viable product.

"We look forward to working with IBM and members of the network to address the most fundamental challenges to the wide-scale adoption of quantum computing, using our potentially complementary technologies as starting points," Choucair added.

In November, Archer said it was continuing to inch towards its goal of creating a room temperature quantum computer, announcing at the time it had assembled a three qubit array.

The company said it has placed three isolated qubits on a silicon wafer with metallic control electrodes being used for measurement. Archer has previously told ZDNet it conducts measurements by doing magnetic fields sweeps at microwave frequencies.

"The arrangement of the qubits was repeatable and reproducible, thereby allowing Archer to quickly build and test working prototypes of quantum information processing devices incorporating a number of qubits; individual qubits; or a combination of both, which is necessary to meet Archer's aim of building a chip for a practical quantum computer," the company said.

In August, the company said it hadassembled its first room-temperature quantum bit.

Archer is building chip prototypes at the Research and Prototype Foundry out of the University of Sydney's AU$150 million Sydney Nanoscience Hub.

2020s are the decade of commercial quantum computing, says IBM

IBM spent a great deal of time showing off its quantum-computing achievements at CES, but the technology is still in its very early stages.

What is quantum computing? Understanding the how, why and when of quantum computers

There are working machines today that perform some small part of what a full quantum computer may eventually do. But what are the real-world applications for quantum computing?

Quantum computing has arrived, but we still don't really know what to do with it

Even for a technology that makes a virtue of uncertainty, where quantum goes next is something of a mystery.

Quantum computing: Myths v. Realities (TechRepublic)

Futurist Isaac Arthur explains why quantum computing is a lot more complicated than classical computing.

See the original post here:
Archer to work alongside IBM in progressing quantum computing - ZDNet

Quantum Computing Market New Technology Innovations, Advancements and Global Development Analysis 2020 to 2025 – Cole of Duty

The reportQuantum Computing Marketprovides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Quantum Computing.

Make an Inquiry about this report:

https://www.marketinsightsreports.com/reports/06211315651/global-quantum-computing-market-size-status-and-forecast-2019-2025/inquiry?source=coleofduty&Mode=48

Quantum computing is to develop advanced computer technology based on quantum mechanics and quantum theory. Quantum computers have been used for quantum computing that follows the concept of quantum physics. Quantum computing differs from classical computing in terms of speed, bits and data. Classical computing using two bits simply referred to as 0 and 1, while the use of quantum computing all the states in between 0 and 1, which helps in better results and higher speeds. Quantum computing has been used mostly in research to compare different solutions and find an optimal solution to a complex problem and has been used in sectors such as chemicals, utilities, defense, health and medicine and a variety of other sectors. quantum computing is used for applications such as cryptography, machine learning, algorithms, quantum simulation, quantum parallelism and others on the basis of the qubit technologies like super do qubits, qubit-qubit ion is trapped and semiconductors.

Top Companies in the Global Quantum Computing Market: D-Wave Systems, 1QB Information Technologies, QxBranch LLC, QC Ware Corp, Research at Google-Google

Segmentation on the basis of Types:

SimulationOptimizationSampling

Segmentation on the basis of Applications:

DefenseBanking & FinanceEnergy & PowerChemicalsHealthcare & Pharmaceuticals

Inquire for Discount:

https://www.marketinsightsreports.com/reports/06211315651/global-quantum-computing-market-size-status-and-forecast-2019-2025/discount?source=coleofduty&Mode=48

Influence of the Quantum Computing Market report:

-Comprehensive assessment of all opportunities and risk in the Quantum Computing Market.

-Quantum Computing Market recent innovations and major events.

-Detailed study of business strategies for growth of the Quantum Computing Market-leading players.

-Conclusive study about the growth plot of Quantum Computing Market for forthcoming years.

-In-depth understanding of Quantum Computing Market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Quantum Computing Market.

Types of SWOT analysis market research that are offered in Quantum Computing Market Research are as follows:

SWOT ANALYSIS BUSINESS REPORTS:

Our Quantum Computing market report provides an overview of the market strategic situation by amassing an independent and unbiased assessment of internal strengths and weaknesses in contrast to an in-depth analysis of external threats and opportunities.

FINANCE SWOT INVESTIGATION:

Our Quantum Computing market report analyzes both-outer and inside value related components that are affecting your organization. Inner angles incorporate provider installment terms, liquidity bottlenecks and income swings; though the outer elements incorporate loan fee changes, Quantum Computing market unpredictability just as securities exchange dangers and so forth.

SWOT ANALYSIS INDUSTRY REPORTS:

Our Quantum Computing market report includes a thorough examination of strength, weakness, opportunities, and threats of an industry. It includes Quantum Computing industry-specific trends, key drivers, constraints, entry limitations, management, competition, etc.

TECHNOLOGY SWOT ANALYSIS REPORTS:

This Quantum Computing market report contains an analysis of internal technological elements like the IT infrastructure, convenient technology, technological specialists and exterior characteristics such as trends, consumer achievement as well as new technological developments.

SWOT ANALYSIS MARKETING REPORT:

This includes evaluation of internal marketing factors marketing professionals, branch locations and marketing funds, and examination of external elements like an opponent, economic conditions and changes in brand/ demand recognition, etc.

Request for PDF Brochure:

https://www.marketinsightsreports.com/reports/06211315651/global-quantum-computing-market-size-status-and-forecast-2019-2025?source=coleofduty&Mode=48

In conclusion, Quantum Computing market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Quantum Computing Industry business competitors. Our expert research analysts team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

We Also Offer Customization on report based on specific client Requirement:

Free country Level analysis for any 5 countries of your choice.

Free Competitive analysis of any 5 key market players.

Free 40 analyst hours to cover any other data point.

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

[emailprotected] | [emailprotected]

Visit link:
Quantum Computing Market New Technology Innovations, Advancements and Global Development Analysis 2020 to 2025 - Cole of Duty

QUANTUM COMPUTING INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance…

Item 1.01 Entry into a Material Definitive Agreement.

On May 6, 2020, Quantum Computing Inc. (the "Company") executed an unsecuredpromissory note (the "Note") with BB&T/Truist Bank N.A. to evidence a loan tothe Company in the amount of $218,371 (the "Loan") under the Paycheck ProtectionProgram (the "PPP") established under the Coronavirus Aid, Relief, and EconomicSecurity Act (the "CARES Act"), administered by the U.S. Small BusinessAdministration (the "SBA").

In accordance with the requirements of the CARES Act, the Company expects to usethe proceeds from the Loan exclusively for qualified expenses under the PPP,including payroll costs, mortgage interest, rent and utility costs. Interestwill accrue on the outstanding balance of the Note at a rate of 1.00% per annum.The Company expects to apply for forgiveness of up to the entire amount of theNote. Notwithstanding the Company's eligibility to apply for forgiveness, noassurance can be given that the Company will obtain forgiveness of all or anyportion of the amounts due under the Note. The amount of forgiveness under theNote is calculated in accordance with the requirements of the PPP, including theprovisions of Section 1106 of the CARES Act, subject to limitations and ongoingrule-making by the SBA and the maintenance of employee and compensation levels.

Subject to any forgiveness granted under the PPP, the Note is scheduled tomature two years from the date of first disbursement under the Note. The Notemay be prepaid at any time prior to maturity with no prepayment penalties. TheNote provides for customary events of default, including, among others, thoserelating to failure to make payments, bankruptcy, and significant changes inownership. The occurrence of an event of default may result in the requiredimmediate repayment of all amounts outstanding and/or filing suit and obtainingjudgment against the Company. The Company's obligations under the Note are notsecured by any collateral or personal guarantees.

Item 2.03 Creation of Direct Financial Obligation or an Obligation under an

The discussion of the Loan set forth in Item 1.01 of this Current Report on Form8-K is incorporated in this Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

Edgar Online, source Glimpses

Link:
QUANTUM COMPUTING INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance...

Physicists Criticize Stephen Wolfram’s ‘Theory of Everything’ – Scientific American

Stephen Wolfram blames himself for not changing the face of physics sooner.

I do fault myself for not having done this 20 years ago, the physicist turned software entrepreneur says. To be fair, I also fault some people in the physics community for trying to prevent it happening 20 years ago. They were successful. Back in 2002, after years of labor, Wolfram self-published A New Kind of Science, a 1,200-page magnum opus detailing the general idea that nature runs on ultrasimple computational rules. The book was an instant best seller and received glowing reviews: the New York Times called it a first-class intellectual thrill. But Wolframs arguments found few converts among scientists. Their work carried on, and he went back to running his software company Wolfram Research. And that is where things remaineduntil last month, when, accompanied by breathless press coverage (and a 448-page preprint paper), Wolfram announced a possible path to the fundamental theory of physics based on his unconventional ideas. Once again, physicists are unconvincedin no small part, they say, because existing theories do a better job than his model.

At its heart, Wolframs new approach is a computational picture of the cosmosone where the fundamental rules that the universe obeys resemble lines of computer code. This code acts on a graph, a network of points with connections between them, that grows and changes as the digital logic of the code clicks forward, one step at a time. According to Wolfram, this graph is the fundamental stuff of the universe. From the humble beginning of a small graph and a short set of rules, fabulously complex structures can rapidly appear. Even when the underlying rules for a system are extremely simple, the behavior of the system as a whole can be essentially arbitrarily rich and complex, he wrote in a blog post summarizing the idea. And this got me thinking: Could the universe work this way? Wolfram and his collaborator Jonathan Gorard, a physics Ph.D. candidate at the University of Cambridge and a consultant at Wolfram Research, found that this kind of model could reproduce some of the aspects of quantum theory and Einsteins general theory of relativity, the two fundamental pillars of modern physics.

But Wolframs models ability to incorporate currently accepted physics is not necessarily that impressive. Its this sort of infinitely flexible philosophy where, regardless of what anyone said was true about physics, they could then assert, Oh, yeah, you could graft something like that onto our model, says Scott Aaronson, a quantum computer scientist at the University of Texas at Austin.

When asked about such criticisms, Gorard agreesto a point. Were just kind of fitting things, he says. But we're only doing that so we can actually go and do a systematized search for specific rules that fit those of our universe.

Wolfram and Gorard have not yet found any computational rules meeting those requirements, however. And without those rules, they cannot make any definite, concrete new predictions that could be experimentally tested. Indeed, according to critics, Wolframs model has yet to even reproduce the most basic quantitative predictions of conventional physics. The experimental predictions of [quantum physics and general relativity] have been confirmed to many decimal placesin some cases, to a precision of one part in [10 billion], says Daniel Harlow, a physicist at the Massachusetts Institute of Technology. So far I see no indication that this could be done using the simple kinds of [computational rules] advocated by Wolfram. The successes he claims are, at best, qualitative. Further, even that qualitative success is limited: There are crucial features of modern physics missing from the model. And the parts of physics that it can qualitatively reproduce are mostly there because Wolfram and his colleagues put them in to begin with. This arrangement is akin to announcing, If we suppose that a rabbit was coming out of the hat, then remarkably, this rabbit would be coming out of the hat, Aaronson says. And then [going] on and on about how remarkable it is.

Unsurprisingly, Wolfram disagrees. He claims that his model has replicated most of fundamental physics already. From an extremely simple model, were able to reproduce special relativity, general relativity and the core results of quantum mechanics, he says, which, of course, are what have led to so many precise quantitative predictions of physics over the past century.

Even Wolframs critics acknowledge he is right about at least one thing: it is genuinely interesting that simple computational rules can lead to such complex phenomena. But, they hasten to add, that is hardly an original discovery. The idea goes back long before Wolfram, Harlow says. He cites the work of computing pioneers Alan Turing in the 1930s and John von Neumann in the 1950s, as well as that of mathematician John Conway in the early 1970s. (Conway, a professor at Princeton University, died of COVID-19 last month.) To the contrary, Wolfram insists that he was the first to discover that virtually boundless complexity could arise from simple rules in the 1980s. John von Neumann, he absolutely didnt see this, Wolfram says. John Conway, same thing.

Born in London in 1959, Wolfram was a child prodigy who studied at Eton College and the University of Oxford before earning a Ph.D. in theoretical physics at the California Institute of Technology in 1979at the age of 20. After his Ph.D., Caltech promptly hired Wolfram to work alongside his mentors, including physicist Richard Feynman. I dont know of any others in this field that have the wide range of understanding of Dr. Wolfram, Feynman wrote in a letter recommending him for the first ever round of MacArthur genius grants in 1981. He seems to have worked on everything and has some original or careful judgement on any topic. Wolfram won the grantat age 21, making him among the youngest ever to receive the awardand became a faculty member at Caltech and then a long-term member at the Institute for Advanced Study in Princeton, N.J. While at the latter, he became interested in simple computational systems and then moved to the University of Illinois in 1986 to start a research center to study the emergence of complex phenomena. In 1987 he founded Wolfram Research, and shortly after he left academia altogether. The software companys flagship product, Mathematica, is a powerful and impressive piece of mathematics software that has sold millions of copies and is today nearly ubiquitous in physics and mathematics departments worldwide.

Then, in the 1990s, Wolfram decided to go back to scientific researchbut without the support and input provided by a traditional research environment. By his own account, he sequestered himself for about a decade, putting together what would eventually become A New Kind of Science with the assistance of a small army of his employees.

Upon the release of the book, the media was ensorcelled by the romantic image of the heroic outsider returning from the wilderness to single-handedly change all of science. Wired dubbed Wolfram the man who cracked the code to everything on its cover. Wolfram has earned some bragging rights, the New York Times proclaimed. No one has contributed more seminally to this new way of thinking about the world. Yet then, as now, researchers largely ignored and derided his work. Theres a tradition of scientists approaching senility to come up with grand, improbable theories, the late physicist Freeman Dyson told Newsweek back in 2002. Wolfram is unusual in that hes doing this in his 40s.

Wolframs story is exactly the sort that many people want to hear, because it matches the familiar beats of dramatic tales from science history that they already know: the lone genius (usually white and male), laboring in obscurity and rejected by the establishment, emerges from isolation, triumphantly grasping a piece of the Truth. But that is rarelyif everhow scientific discovery actually unfolds. There are examples from the history of science that superficially fit this image: Think of Albert Einstein toiling away on relativity as an obscure Swiss patent clerk at the turn of the 20th century. Or, for a more recent example, consider mathematician Andrew Wiles working in his attic for years to prove Fermats last theorem before finally announcing his success in 1995. But portraying those discoveries as the work of a solo genius, romantic as it is, belies the real working process of science. Science is a group effort. Einstein was in close contact with researchers of his day, and Wiless work followed a path laid out by other mathematicians just a few years before he got started. Both of them were active, regular participants in the wider scientific community. And even so, they remain exceptions to the rule. Most major scientific breakthroughs are far more collaborativequantum physics, for example, was developed slowly over a quarter-century by dozens of physicists around the world.

I think the popular notion that physicists are all in search of the eureka moment in which they will discover the theory of everything is an unfortunate one, says Katie Mack, a cosmologist at North Carolina State University. We do want to find better, more complete theories. But the way we go about that is to test and refine our models, look for inconsistencies and incrementally work our way toward better, more complete models.

Most scientists would readily tell you that their discipline isand always has beena collaborative, communal process. Nobody can revolutionize a scientific field without first getting the critical appraisal and eventual validation of their peers. Today this requirement is performed through peer reviewa process Wolframs critics say he has circumvented with his announcement. Certainly theres no reason that Wolfram and his colleagues should be able to bypass formal peer review, Mack says. And they definitely have a much better chance of getting useful feedback from the physics community if they publish their results in a format we actually have the tools to deal with.

Mack is not alone in her concerns. Its hard to expect physicists to comb through hundreds of pages of a new theory out of the blue, with no buildup in the form of papers, seminars and conference presentations, says Sean Carroll, a physicist at Caltech. Personally, I feel it would be more effective to write short papers addressing specific problems with this kind of approach rather than proclaiming a breakthrough without much vetting.

So why did Wolfram announce his ideas this way? Why not go the traditional route? I don't really believe in anonymous peer review, he says. I think its corrupt. Its all a giant story of somewhat corrupt gaming, I would say. I think its sort of inevitable that happens with these very large systems. Its a pity.

So what are Wolframs goals? He says he wants the attention and feedback of the physics community. But his unconventional approachsoliciting public comments on an exceedingly long paperalmost ensures it shall remain obscure. Wolfram says he wants physicists respect. The ones consulted for this story said gaining it would require him to recognize and engage with the prior work of others in the scientific community.

And when provided with some of the responses from other physicists regarding his work, Wolfram is singularly unenthused. Im disappointed by the naivete of the questions that youre communicating, he grumbles. I deserve better.

Read the rest here:
Physicists Criticize Stephen Wolfram's 'Theory of Everything' - Scientific American

The pandemic and national security go hand-in-hand for Nebraska’s Ben Sasse – KETV Omaha

What Ben Sasse sees out of China from his seat on the Senate Intelligence Committee scares him, and he's convinced Americans aren't taking the threat seriously."China is the biggest long-term threat," the Nebraska Republican said during a KETV NewsWatch 7 interview from Capitol Hill. "There isn't enough urgency or agreement about that problem."Over the past few years, the Chinese government has flexed its growing military and economic might with countries across the Pacific Ocean. It's made substantial investments in 5G technology, and one of its biggest tech manufacturers, Huawei, supplies those networks around the globe.Hauwei has drawn scrutiny from U.S. national security experts for its ties to the Chinese government.Sasse explained 5G technology allows more advanced uses for artificial intelligence, and ultimately quantum computing.Once deployed, effective quantum algorithms can enable machine learning. In the hands of an adversary, the development could allow computers to break codes with little effort, revealing U.S. intelligence assets."The Chinese communist party cannot beat us in the long-term tech race, and right now they are closing on us really fast," Sasse said.In the video above, watch Sen. Ben Sasse, R-Neb., question President Trump's nominee for Director of National Intelligence on Chinese government initiatives during a Senate hearing May 5.The national security implications also play out in pandemics, Sasse said, citing years of drills at the Pentagon."Most of those exercises said a pandemic would be the biggest problem," he said.The pandemic finally arrived in the form of COVID-19, and the U.S. government was left scrambling to contain it.Sasse says it's time to get serious about investing in health preparedness. The self-described "small government guy" wants more serious federal investment in vaccine accelerator programs and a "Shark Tank" for therapeutics."We need to have more red team, blue team, green team exercises inside the public health space, the vaccine development space," Sasse said.While public health experts try to contain the virus, it has already wrecked havoc across the world's biggest economy.As coronavirus closures crippled the U.S., Congress spent more than $3 trillion to rescue American businesses and the American people. More than 33 million Americans lost their jobs since the pandemic began."The average small business has about 16 days of cash on hand, and this thing has been going on for a couple of months," Sasse said. "So there's a lot more that needs to be done."The American people would seem to agree.Three quarters of Americans in swing states want sustained, direct payments during the coronavirus pandemic, according to a poll published Wednesday by CNBC. But before he signs off on more relief, Sasse wants to see what's working and what's not."Congress and the executive branch have spent way too much of the next generation's money without knowing whether it's going to be effective," he said. "So we need to start evaluating what we've already started to do before people start advocating to spread more money out of helicopters."Sasse also wants to see COVID-19 legal shields for health care workers and small businesses.He told KETV NewsWatch 7 he's open to spending money on data-driven job re-training programs that can get Nebraskans back to work.While those efforts are short-term efforts to rescue the economy, Sasse said the U.S. can't afford to forget the long-term challenges.Investing in robust efforts to shore up global health preparedness are critical, he said. Especially when he considers the China threat."They want to dominate the globe from a national security standpoint," said Sasse. "And viruses are one of many tools they might consider using."

What Ben Sasse sees out of China from his seat on the Senate Intelligence Committee scares him, and he's convinced Americans aren't taking the threat seriously.

"China is the biggest long-term threat," the Nebraska Republican said during a KETV NewsWatch 7 interview from Capitol Hill. "There isn't enough urgency or agreement about that problem."

Over the past few years, the Chinese government has flexed its growing military and economic might with countries across the Pacific Ocean. It's made substantial investments in 5G technology, and one of its biggest tech manufacturers, Huawei, supplies those networks around the globe.

Hauwei has drawn scrutiny from U.S. national security experts for its ties to the Chinese government.

Sasse explained 5G technology allows more advanced uses for artificial intelligence, and ultimately quantum computing.

Once deployed, effective quantum algorithms can enable machine learning. In the hands of an adversary, the development could allow computers to break codes with little effort, revealing U.S. intelligence assets.

"The Chinese communist party cannot beat us in the long-term tech race, and right now they are closing on us really fast," Sasse said.

In the video above, watch Sen. Ben Sasse, R-Neb., question President Trump's nominee for Director of National Intelligence on Chinese government initiatives during a Senate hearing May 5.

The national security implications also play out in pandemics, Sasse said, citing years of drills at the Pentagon.

"Most of those exercises said a pandemic would be the biggest problem," he said.

The pandemic finally arrived in the form of COVID-19, and the U.S. government was left scrambling to contain it.

Sasse says it's time to get serious about investing in health preparedness. The self-described "small government guy" wants more serious federal investment in vaccine accelerator programs and a "Shark Tank" for therapeutics.

"We need to have more red team, blue team, green team exercises inside the public health space, the vaccine development space," Sasse said.

While public health experts try to contain the virus, it has already wrecked havoc across the world's biggest economy.

As coronavirus closures crippled the U.S., Congress spent more than $3 trillion to rescue American businesses and the American people. More than 33 million Americans lost their jobs since the pandemic began.

"The average small business has about 16 days of cash on hand, and this thing has been going on for a couple of months," Sasse said. "So there's a lot more that needs to be done."

The American people would seem to agree.

Three quarters of Americans in swing states want sustained, direct payments during the coronavirus pandemic, according to a poll published Wednesday by CNBC.

But before he signs off on more relief, Sasse wants to see what's working and what's not.

"Congress and the executive branch have spent way too much of the next generation's money without knowing whether it's going to be effective," he said. "So we need to start evaluating what we've already started to do before people start advocating to spread more money out of helicopters."

Sasse also wants to see COVID-19 legal shields for health care workers and small businesses.

He told KETV NewsWatch 7 he's open to spending money on data-driven job re-training programs that can get Nebraskans back to work.

While those efforts are short-term efforts to rescue the economy, Sasse said the U.S. can't afford to forget the long-term challenges.

Investing in robust efforts to shore up global health preparedness are critical, he said. Especially when he considers the China threat.

"They want to dominate the globe from a national security standpoint," said Sasse. "And viruses are one of many tools they might consider using."

Excerpt from:
The pandemic and national security go hand-in-hand for Nebraska's Ben Sasse - KETV Omaha

A Discovery That Long Eluded Physicists: Superconductivity to the Edge – SciTechDaily

Researchers at Princeton have discovered superconducting currents traveling along the outer edges of a superconductor with topological properties, suggesting a route to topological superconductivity that could be useful in future quantum computers. The superconductivity is represented by the black center of the diagram indicating no resistance to the current flow. The jagged pattern indicates the oscillation of the superconductivity which varies with the strength of an applied magnetic field. Credit: Stephan Kim, Princeton University

Princeton researchers detect a supercurrent a current flowing without energy loss at the edge of a superconductor with a topological twist.

A discovery that long eluded physicists has been detected in a laboratory at Princeton. A team of physicists detected superconducting currents the flow of electrons without wasting energy along the exterior edge of a superconducting material. The finding was published May 1 in the journal Science.

The superconductor that the researchers studied is also a topological semi-metal, a material that comes with its own unusual electronic properties. The finding suggests ways to unlock a new era of topological superconductivity that could have value for quantum computing.

To our knowledge, this is the first observation of an edge supercurrent in any superconductor, said Nai Phuan Ong, Princetons Eugene Higgins Professor of Physics and the senior author on the study.

Our motivating question was, what happens when the interior of the material is not an insulator but a superconductor? Ong said. What novel features arise when superconductivity occurs in a topological material?

Although conventional superconductors already enjoy widespread usage in magnetic resonance imaging (MRI) and long-distance transmission lines, new types of superconductivity could unleash the ability to move beyond the limitations of our familiar technologies.

Researchers at Princeton and elsewhere have been exploring the connections between superconductivity and topological insulators materials whose non-conformist electronic behaviors were the subject of the 2016 Nobel Prize in Physics for F. Duncan Haldane, Princetons Sherman Fairchild University Professor of Physics.

Topological insulators are crystals that have an insulating interior and a conducting surface, like a brownie wrapped in tin foil. In conducting materials, electrons can hop from atom to atom, allowing electric current to flow. Insulators are materials in which the electrons are stuck and cannot move. Yet curiously, topological insulators allow the movement of electrons on their surface but not in their interior.

To explore superconductivity in topological materials, the researchers turned to a crystalline material called molybdenum ditelluride, which has topological properties and is also a superconductor once the temperature dips below a frigid 100 milliKelvin, which is -459 degrees Fahrenheit.

Most of the experiments done so far have involved trying to inject superconductivity into topological materials by putting the one material in close proximity to the other, said Stephan Kim, a graduate student in electrical engineering, who conducted many of the experiments. What is different about our measurement is we did not inject superconductivity and yet we were able to show the signatures of edge states.

The team first grew crystals in the laboratory and then cooled them down to a temperature where superconductivity occurs. They then applied a weak magnetic field while measuring the current flow through the crystal. They observed that a quantity called the critical current displays oscillations, which appear as a saw-tooth pattern, as the magnetic field is increased.

Both the height of the oscillations and the frequency of the oscillations fit with predictions of how these fluctuations arise from the quantum behavior of electrons confined to the edges of the materials.

When we finished the data analysis for the first sample, I looked at my computer screen and could not believe my eyes, the oscillations we observed were just so beautiful and yet so mysterious, said Wudi Wang, who as first author led the study and earned his Ph.D. in physics from Princeton in 2019. Its like a puzzle that started to reveal itself and is waiting to be solved. Later, as we collected more data from different samples, I was surprisedat how perfectly the data fit together.

Researchers have long known that superconductivity arises when electrons, which normally move about randomly, bind into twos to form Cooper pairs, which in a sense dance to the same beat. A rough analogy is a billion couples executing the same tightly scripted dance choreography, Ong said.

The script the electrons are following is called the superconductors wave function, which may be regarded roughly as a ribbon stretched along the length of the superconducting wire, Ong said. A slight twist of the wave function compels all Cooper pairs in a long wire to move with the same velocity as a superfluid in other words acting like a single collection rather than like individual particles that flows without producing heating.

If there are no twists along the ribbon, Ong said, the Cooper pairs are stationary and no current flows. If the researchers expose the superconductor to a weak magnetic field, this adds an additional contribution to the twisting that the researchers call the magnetic flux, which, for very small particles such as electrons, follows the rules of quantum mechanics.

The researchers anticipated that these two contributors to the number of twists, the superfluid velocity and the magnetic flux, work together to maintain the number of twists as an exact integer, a whole number such as 2, 3 or 4 rather than a 3.2 or a 3.7. They predicted that as the magnetic flux increases smoothly, the superfluid velocity would increase in a saw-tooth pattern as the superfluid velocity adjusts to cancel the extra .2 or add .3 to get an exact number of twists.

The team measured the superfluid current as they varied the magnetic flux and found that indeed the saw-tooth pattern was visible.

In molybdenum ditelluride and other so-called Weyl semimetals, this Cooper-pairing of electrons in the bulk appears to induce a similar pairing on the edges.

The researchers noted that the reason why the edge supercurrent remains independent of the bulk supercurrent is currently not well understood. Ong compared the electrons moving collectively, also called condensates, to puddles of liquid.

From classical expectations, one would expect two fluid puddles that are in direct contact to merge into one, Ong said. Yet the experiment shows that the edge condensates remain distinct from that in the bulk of the crystal.

The research team speculates that the mechanism that keeps the two condensates from mixing is the topological protection inherited from the protected edge states in molybdenum ditelluride. The group hopes to apply the same experimental technique to search for edge supercurrents in other unconventional superconductors.

There are probably scores of them out there, Ong said.

Reference: Evidence for an edge supercurrent in the Weyl superconductor MoTe2 by Wudi Wang, Stephan Kim, Minhao Liu, F. A. Cevallos, Robert. J. Cava and Nai Phuan Ong, 1 May 2020, Science.DOI: 10.1126/science.aaw9270

Funding: The research was supported by the U.S. Army Research Office (W911NF-16-1-0116). The dilution refrigerator experiments were supported by the U.S. Department of Energy (DE- SC0017863). N.P.O. and R.J.C. acknowledge support from the Gordon and Betty Moore Foundations Emergent Phenomena in Quantum Systems Initiative through grants GBMF4539 (N.P.O.) and GBMF-4412 (R.J.C.). The growth and characterization of crystals were performed by F.A.C. and R.J.C., with support from the National Science Foundation (NSF MRSEC grant DMR 1420541).

View original post here:
A Discovery That Long Eluded Physicists: Superconductivity to the Edge - SciTechDaily