Daily Archives: January 5, 2021

Twitter debates with Elon Musk, death threats after testifying before Congress: These experts in viruses are – MassLive.com

Posted: January 5, 2021 at 2:35 pm

Dr. Ashish Jha started 2020 thousands of miles from home, taking a sabbatical in Europe from his academic post at Harvard. Then the coronavirus pandemic arrived in the U.S.

Jha, an expert on pandemic preparedness, returned to Massachusetts, and his blunt talk on the unfolding disaster was soon hard to miss on national news and social media.

Jha estimates his office fielded more than 100 media requests a day at its peak. He went from a few hundred Twitter followers pre-pandemic to more than 130,000 by December.

For me, the purpose of doing this was to fill a void and make sure people received credible scientific information, said Jha, who recently became dean of Brown Universitys School of Public Health in Providence, Rhode Island. I thought it would go for a week or two, but the demand never really let up.

In another time, experts like Jha would have enjoyed the quiet esteem, respect and relative obscurity afforded by academia. But for better or worse, the coronavirus pandemic thrust virologists, epidemiologists and other normally low-profile scientists into the pop culture crucible.

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and a leading member of President Donald Trumps coronavirus task force, has been the unquestionable rock star among them. But a cadre of other scientists also rose to prominence this year. Many developed loyal social media followings and became regulars on the cable news circuit.

For Dr. Angela Rasmussen, a Seattle-based virologist affiliated with Georgetown University in Washington, her newfound notoriety hit home in July when she got into a Twitter debate with billionaire Elon Musk.

Rasmussen, who was then at Columbia University, criticized the Tesla CEOs tweets questioning data on the spread of the virus. Musk, to her surprise, chimed in, challenging her to produce evidence supporting her arguments.

Rasmussen tweeted back a series of graphs and other scientific data, which Musk dismissed as cherry-picked. Twitter users following along slammed Musk for attempting to mansplain the pandemic to a virologist.

Rasmussen, who has seen her Twitter followers explode from around 300 pre-pandemic to more than 180,000, said shed like to avoid unnecessary Twitter beefs, which also included testy exchanges with Dilbert comic strip creator Scott Adams and his fans over the pandemic in recent months.

But as the pandemic has worn on, she has become frustrated with the persistent misinformation from influential leaders and celebrities like Musk and Adams, and her strongly worded tweets show it.

Its exhausting, Rasmussen said. The same arguments keep coming back. Its like battling a hydra. Every time you cut one head off, another one grows back in place.

Laurel Bristow, an infectious disease researcher at Emory University in Atlanta, suggests its an indictment of academia that misinformation and conspiracy theories thrive and that parts of American society remain deeply skeptical of true scientific work.

Experts in these fields have ignored the importance of communication and bringing information to people in a way that is understandable and relatable for so long, Bristow said. You have to put a face to something for people to be able to trust it.

Bristow, 32, whose Instagram username is kinggutterbaby, has gained more than 300,000 followers posting videos answering peoples questions and concerns about COVID-19.

She credits her online popularity to her unfussy approach. She shoots her short videos speaking directly at the camera while sitting in her kitchen.

It also helps, Bristow said, that her Instagram feed is filled with pictures of her posing with cuddly animals, riding motorcycles and other things from her daily life.

Having people see me as a whole person helps remind them scientists are people with families too, and that the best interest of people is really at the heart of what were doing, she said.

Dr. Akiko Iwasaki, an immunobiology professor at Yale University in New Haven, Connecticut, said she has sought interviews with conservative media outlets as a way to combat fear and misinformation, especially with the nationwide vaccine rollout underway.

Theres such a divide in society. Id really like to reach the other side and make a difference, said Iwasaki, who was already a notable advocate of women in science and tech fields before the pandemic but has seen her Twitter following swell to more than 90,000 this year.

Like other female scientists, she said that she has encountered frequent misogyny and mansplaining, but that it has only made her more determined to continue speaking up.

I have this platform, and Im going to use it, said Iwasaki. My priority is to get out the correct information, not respond to toxic comments.

Jha, meanwhile, admitted he wasnt prepared for the level of racial animus his pandemic commentary has generated a complaint shared by other scientists of color.

A native of India who has lived in the U.S. since the 1980s, he said much of it is of the go back to your country variety that he simply shrugs off.

But a gut check moment came in November, when Jha began receiving death threats after testifying before Congress and strongly rejecting assertions made by Trump and others that the anti-malaria drug hydroxychloroquine could also protect people against COVID-19.

Jha said the threats were concerning enough that he notified local police, who sent patrols past his familys Boston-area home as a precaution.

Now, as 2021 dawns, he said he is looking forward to being less in the public glare.

When President-elect Joe Biden takes office, Jha said, he expects federal government authorities will take their rightful role as the public face of the nations pandemic response, after being diminished and undermined at critical times this year.

Thats who the American public needs to be hearing from more, he said, referring to the Centers for Disease Control and Prevention and experts like Fauci at other federal agencies. Im a poor substitute for whats needed.

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Fauci’s Theater Prediction; Elon Musk, Film Producer; WandaVision – MovieMaker Magazine

Posted: at 2:35 pm

In todays Movie News Rundown: The Tanya Roberts situation; Dr. Fauci tells us when we can maybe go see a movie; that time Elon Musk produced a very funny satire; are you beginning to feel like youve already seen WandaVision?

Tanya Roberts Lives: Rumors of the Beastmaster and AView to a Kill actress death have been greatlyexaggerated. Her rep Mike Pingel told Variety that although her partner, Lance OBrien, originally thought she had died, the hospital called Monday morning to report she was still alive, Variety writes. However, Pingel said that Roberts remains in the ICU in dire condition. I love you, Variety, but maaaaaaybe you should take this article down?

Faucis Theater Prediction: In a talk with California Gov. Gavin Newsom, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, predicts that theaters and other shuttered businesses could reopen by early fall, if we all, you know, get it together. Hisanswer begins around the 22-minute mark below. A summary and brief transcription follows the video.

Summary: Fauci starts by says the U.S. first needs to speed up the process of vaccinating those who are most in need.Lets say at April, it will be what I call open season. Namely, anybody who wants to get vaccinated can get vaccinated. If we then diligently vaccinate people in April, May, June, July, that we will gradually and noticeably get a degree of protection approaching herd immunity. He clarified that no one knows what will constitute herd immunity yet, but estimated it will be somewhere between 70 and 85 percent of the population. If that happens, he said, we can expect some strong semblance of normality by early fall. Schools, theaters, sports events, restaurants. I believe if we do it correctly, we will be there by the early fall.

Elon Musk, Movie Producer: Last night,watching the terrific 2005 satire Thank You For Smoking, the missus and I noticed that one of the films producers is Elon Musk! And another is Peter Thiel. At that point, both were perhaps best known for making scads of money on PayPal.Say what you will about those guys in 2005 they produced a great movie. The only thing I dont love about the movie is when the reporter (Katie Holmes) who gets inappropriately involved with someone shes covering (Aaron Eckhart) because honestly, that doesnt happen in real life.

WandaVision: Heres a new TV ad for WandaVision, a new TV show made to look like old TV shows. Do you feel like youve seen this already, because of the long buildup and many teasers and trailers and whatever? Me too. But a prediction (and I have no inside information here): All the flashback-through-TV-history stuff weve seen previewed will happen very quickly in the first episode and then the show will get into some cool drama about whereWanda (Elizabeth Olsen) and Vision (Paul Bettany) actually are.

R.I.P. Marjo Bernay: Deadline has a good obituary for Bernay, who once led three Los Angeles-based IATSE locals and served on the board of another. She died Sunday at 79. Marjo also served on the California Film Commission, the Los Angeles Film Development Committee and the Los Angeles County Film Commission, and served as a trustee of the Motion Picture Industry Pension and Health Plans.

Comment of the Day: In response to our list of What Film Festivals Want, Ned Cordery writes: OK, we hear the festivals now for the festivals to hear this film maker. Tell us how many entries you receive and how many are screened for the previous year. Tell us how many entries are requested by the festival to be screened, bypassing the entry process. Detail your screening selection process. Thanks Rob. These are things we get into in our annual list of FilmFestivals Worth the Entry Fee, but well keep digging for moredetail.

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#4 Elon Musk: This Time Autopilot Is Going To WORK! – Walter Bradley Center for Natural and Artificial Intelligence

Posted: at 2:35 pm

Our nerds here at the Walter Bradley Center have been discussing the top twelve AI hypes of the year. Our director Robert J. Marks, Eric Holloway and Jonathan Bartlett talk about overyhyped AI ideas (from a year in which we saw major advances, along with inevitable hypes). From AI Dirty Dozen 2020 Part III, heres #4: Elon Musks fully self-driving software is finally going to work:

Tesla CEO Elon Musk said Tuesday that the test version of the companys Autopilot system will be released in a month or so. While he didnt describe its capabilities, Musk said that once its out, youll see what its like. Its amazing. Its clearly going to work.

Well then, what happened to Musks robotaxi fleet that was supposed to take over the roads in 2020 while their owners slept? Is there a point at which we can talk about that?

Oh, maybe not.

Our story begins at 01:12. Heres a partial transcript. Show Notes and Additional Resources follow, along with a link to the complete transcript.

Robert J. Marks: Number four of the hype list is Elon Musk claiming self-driving cars will be here next year, again. This is clearly hype, isnt it, Jonathan? Tell us whats going on.

Jonathan Bartlett: Bob, have you ever seen the movie Groundhog Day with Bill Murray?

Robert J. Marks: Yes, I have. He wakes up to the same environment every day again and again and again. Yes.

Jonathan Bartlett: Yes. And so this is what we have. Elon Musk has been claiming that hes going to have self-driving cars next year since 2016. Now, I have to say, part of me loves Elon Musk and part of me cant stand the guy. And I appreciate his humor. I appreciate the fact that he is more approachable than a lot of the other tech billionaires. But theres also this huckster-ish salesmanship that just really drives me the wrong way. And so hes actually been selling self-driving cars since 2016. People are literally paying him thousands of dollars for this feature that doesnt exist. And he says, Oh yeah, itll be here next year. Next year, I promise.

And he says that your car will actually be worth more. Most people when they buy a car and they drive it off the lot, its worth less as soon as you drive it off the lot. And he says, Oh, our cars are going to be worth more because youre going to be able to make money with them by simply sending when you go to sleep, you can send them out to earn money for you by being a robo taxi, so you dont have to be there. And he makes claims like this, and he makes them every year. And its not surprising that hes making them right now because last year, he did it right before a $2 billion capital raise for his company. And now, hes doing it right before a $5 billion, thats billion with a B, a $5 billion capital raise.

And so he keeps on. In 2016, he said that youre going to be able to summon your car from across the United States. And it would be able to come and get you on its own, finding charging stations on the way. And it wouldnt even need a driver. And he said the only thing that could stop that was if we didnt get regulatory approval. Anyway, he keeps on saying that its going to be next year, next year, next year. Hes saying it again. And anyway, I just wish the media would stop falling for it.

Eric Holloway: Isnt his company supposedly now worth more than Apple?

Jonathan Bartlett: Oh yeah. So, basically, hes got this company so Tesla Motors, its a tiny percentage of the car market, but its basically worth more than the rest of it combined in terms of the value of the stock.

Eric Holloway: Yeah. Who said you cant make money with science fiction?

Note: The actual advances in autonomous vehicles are Level 4 (Waymos level), not Level 5 (Musks level), as Jonathan Bartlett has pointed out. The vehicle drives on supervised roads in controlled environments.

Well, heres the rest of the countdown to date. Read them and think:

5 AI hype: AI could go psychotic due to lack of sleep Well, thats what we can hear from Scientific American, if we believe all we read. It seems to be an effort to make AI seem more human than it really is.

6 in our Top 12 AI hypes A Conversation bot is cool If you really lower your standards. A system that supposedly generates conversationbut have you noticed what is says? Bartlett: you could also ask Who was President in 1600, and it would give you an answer, not recognizing that the United States didnt exist in 1600.

7 AI Can Create Great New Video Games All by Itself! In our 2020 Dirty Dozen AI myths: Its actually just remixing previous games. Eric Holloway describes it as like a bad dream of PACMan. Well, see if it is fun.

8 in our AI Hype Countdown: AI is better than doctors! Sick of paying for health care insurance? Guess what? AI is better ! Or maybe, wait Only 2 of the 81 studies favoring AI used randomized trials. Non-randomized trials mean that researchers might choose data that make their algorithm work.

9: Erica the Robot stars in a film. But really, does she? This is just going to be a fancier Muppets movie, Eric Holloway predicts, with a bit more electronics. Often, making the robot sound like a real person is just an underpaid engineer in the back, running the algorithm a couple of times on new data sets. Also: Jonathan Bartlett wrote in to comment Erica, robot film star, is pretty typical modern-day puppeteering fun, for sure, but not a big breaththrough.

10: Big AI claims fail to work outside lab. A recent article in Scientific American makes clear that grand claims are often not followed up with great achievements. This problem in artificial intelligence research goes back to the 1950s and is based on refusal to grapple with built-in fundamental limits.

11: A lot of AI is as transparent as your fridge A great deal of high tech today is owned by corporations. Lack of transparency means that people trained in computer science are often not in a position to evaluate what the technology is and isnt doing.

12! AI is going to solve all our problems soon! While the AI industry is making real progress, so, inevitably, is hype. For example, machines that work in the lab often flunk real settings.

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These Are the Cities Techies Are Really Moving To, According to New LinkedIn Data – Inc.

Posted: at 2:35 pm

It's not just Elon Musk who is moving to Texas, according to the media. Stories abound of techies, newly liberated from tiny, overpriced coastal apartments by remote work, fleeing to warmer, cheaper cities. If you believe the tech press and your social media feeds, about half of San Francisco is joining Musk in Texas.

But as lovely as Austin may be, is this story that hip, low-tax, high-temperature cities are going to be the big beneficiaries of a post-pandemic migration from traditional tech hubs actually true?

Not according to the Big Technology newsletter from tech reporter Alex Kantrowitz. A few weeks back, Kantrowitz announced he had gotten his hands on some exclusive LinkedIn data that shows the standard media narrative about where techies are heading just isn't correct.

Sorry, Austin

The numbers in question are what LinkedIn calls "inflow/outflow"data, which takeaccount of not just how many techies are moving into a citybut also how many are moving out. Is a particular area experiencing a net gain or loss of talent? This numberwill tell you. And Kantrowitz claims that if you compare this stat in 2020 withpast years, the big winners in the usual media narratives actually aren't.

"Austin, for its part, is not experiencing a pandemic-induced tech worker surge. Last year, Austin was gaining 2.06 tech workers for every one that left; now it's down to 1.84, a drop of 10.78 percent. Though Austin is still gaining tech workers this year, the notion that 2020 was a watershed year for tech workers moving there is a myth,"he writes.

Miami, another much buzzed about destination, is only gaining 3 percent more tech workers this year compared with last.

So who is actually winning the war to attract those fleeing the big cities because of the pandemic? Kantrowitz's newsletter offers all the details, but the short answer is a bunch of cities you probably haven't heard much about, including:

The larger lesson

Kantrowitz's newsletter is worth a read if you're looking for a deep dive into the data and its implications, but the biggest takeaway is probably also the simplest: Take media trend stories with a grain of salt. Predictions made in the midst of crises are notoriously unreliable, and as Kantrowitz and other data-focused commentators have pointed out, when it comes to real estate trendsreality is usually more complex than popular narratives.

Will the pandemic end up changing how we work and therefore the calculus of where we live? Almost certainly. But that doesn't mean the results will be as simple as an instant mass migration from San Francisco to Austin (or any other particular city). It will be a while yet before we see how this all shakes out, but wherever people land it's likely to be more surprising than the headlines you're currently reading.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Stocks fall as trading starts for year of great expectations – Long Island Business News

Posted: at 2:35 pm

U.S. stocks are falling Monday, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world.

The S&P 500 was 1.7% lower in afternoon trading after earlier dropping as much as 2.5%. The Dow Jones Industrial Average also fell from its record set last week and was down 512 points, or 1.7%, at 30,094. The Nasdaq composite was 1.7% lower, as of 1:39 p.m. Eastern time.

Coronavirus cases keep climbing at frightening rates around the world, threatening to bring more lockdown orders that would punish the economy. The worsening numbers also raise the possibility that Wall Street has been overly optimistic about the big economic recovery it sees coming because of COVID-19 vaccines. Tuesdays upcoming runoff elections to determine which party controls the Senate may also be contributing to the volatility.

Elsewhere in the world, stocks fell in Japan as officials there mull a state of emergency due to surging virus cases. But optimism was more prevalent in other markets, with most European and Asian stock indexes higher. Treasury yields were holding relatively steady after giving up a healthy gain in the morning.

The United Kingdom has been hit particularly hard by a new variant of the coronavirus that appears to be more contagious. On Monday, the United Kingdom became the first nation to start using the COVID-19 vaccine developed by Oxford University and drugmaker AstraZeneca.

In the United States, regulators have already approved two other vaccines. China last week gave the greenlight for its first domestically developed vaccine. Others are also being tested.

The hope in markets had been that vaccines will allow daily life around the world to slowly return to normal. Thats helped spark a recent recovery for stocks of travel-related businesses, smaller companies and other industries left behind for much of the pandemic.

Even though infection rates and hospitalizations are at frightening levels, many investors have been betting that ultralow interest rates provided by the Federal Reserve and financial support for the economy recently approved by Congress can help tide the economy over until vaccinations become more widespread.

Governments might throw less stimulus at their economies than last year, but policy is still at a very loose setting, which supports stock prices and lending, said Kerry Craig of JP Morgan Asset Management in a report.

Investors should look through the bumpier start to the new economic cycle and focus on the improved earnings outlook, Craig said.

Of course, many risks remain for the market, even beyond the threat of economic lockdowns coming in the near term because of the raging pandemic. Prices have climbed enough that critics say stocks may be too expensive, particularly if the big rebound in corporate profits that investors expect to occur later this year doesnt materialize.

Politics is also still a wild card. If Democrats sweep the two runoff races in Georgia, that could lead to higher corporate tax rates, tighter regulations and other changes from Washington that would hinder corporate profits. Democrats already control the House, and President-elect Joe Biden is a Democrat.

But even in a Democratic sweep, markets see some causes for upside, including the potential for more stimulus for the economy. Democrats have been lobbying for $2,000 payments to go to most individuals, for example.

More than 80% of stocks in the S&P 500 were falling Monday. On the losing end of the market were several Big Tech stocks. Apple fell 2.8%, Microsoft dropped 2.7% and Amazon lost 2.2%. Because theyre so massive in size, the movements of Big Tech stocks have much more sway over the S&P 500 than other companies. Those three were the biggest drags on the index.

Airlines, cruise operators, hotel chains and stocks of other companies hit particularly hard by the pandemic also had some of the markets sharpest losses.

Tesla rose 4.2% for one of the biggest gains in the S&P 500 after it said it delivered 499,500 vehicles last year. Thats a 36% jump on the year, though it fell short of CEO Elon Musks goal of 500,000, which was set before the pandemic hit.

In European stock markets, Frances CAC 40 gained 0.7%, and Germanys DAX returned 0.1%. The FTSE 100 in London rose 1.7%.

In Asia, Tokyos Nikkei 225 lost 0.7% after Prime Minister Yoshihide Suga said a state of emergency was under consideration for the Japanese capital and three surrounding prefectures due to surging virus caseloads.

Suga called on restaurants and bars to close by 8 p.m. and said it would be difficult to restart a travel promotion program that was suspended last month. He said the government would expedite approval of coronavirus vaccines and begin providing injections in February.

South Koreas Kospi rose 2.5%, Hong Kongs Hang Seng gained 0.9% and stocks in Shanghai climbed 0.9%.

In the bond market, the yield on the 10-year Treasury rose to 0.91% from 0.89% late Thursday. Earlier in the morning, it had climbed as high as 0.96% in a signal of rising expectations of economic growth and inflation. Markets were closed Friday for New Years Day.

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New Car Sales See Mixed Finish in December after Tumultuous Year – Car and Driver

Posted: at 2:35 pm

Automakers have emerged from 2020, a challenging and unprecedented year, and some did so on a high note. Eight months weren't enough for the industry to fully recover from the low point in the spring, but a strong, if somewhat unexpected, recovery began in the summer and continued through December, even as the COVID-19 pandemic has surged across the country.

The U.S. market is now estimated to see sales finish around 14.5 million, a much stronger result than the 13 million range that some analysts forecasted earlier this year. Overall, sales are estimated to be down 14.9 to 15.5 percent, bringing sales to the lowest levels since 2012. The decrease was lessened because retail sales were strong, although fleet sales slowed considerably.

Shutdowns earlier in 2020 were part of the reason sales were down, of course. "This year presented the economy and the auto market with incredible challenges. As we close the year, it is remarkable to see how well the industry performed," Cox Automotive's chief economist Jonathan Smoke said in a note. "Retail vehicle sales will end the year down less than 10 percent despite losing six weeks of the most important time of the year."

General Motors finished the year down 11.8 percent compared to last year after finishing the fourth quarter with a sales growth of 4.8 percent. Pickups, as has been the case for most of the year, were a bright spot for GM; Silverado pickups saw annual sales increase 3.2 percent and Sierra pickups by 8.9 percent. Retail sales for GM were down only 6 percent for the year.

Hyundai sales grew 2.3 percent in December as compared to last year thanks to its popularand recently expandedcrossover lineup, including the Kona, Santa Fe, and Venue. Annual sales for the Korean automaker saw a decrease of 9.7 percent from 2019, a drop which is largely attributable to reduced fleet vehicle sales, as retail sales for Hyundai increased by 1 percent this year.

Toyota saw a strong finish to the year as December sales were up 20.4 percent by volume (that drops to 7.5 percent on a daily selling rate) and by 9.4 percent over the fourth quarter. On a volume basis, Toyota trucks ands SUVs finished the month with 32.1 and 28.5 percent increases, respectively; those divisions have cushioned Toyota's sales decreases elsewhere. Annually, Toyota's total sales sales shrank 11.3 percent.

J.D. Power estimates that trucks and SUVs are set to make up 79.1 percent of new-vehicle retail sales, up from 75 percent a year ago. Strong truck and SUV sales have underscored many of the results seen throughout this year, a continuation of a trend seen in past years.

Mazda, largely thanks to the new CX-30 which went on sale late last year, saw sales grow by 0.2 percent and 18.2 percent in December as compared to last year. Although Mazdas most popular vehicle, the CX-5, had sales contract by 5.9 percent this past year, the automakers largest offering, the CX-9, had a sales increase of 2.2 percent.

Tesla, which only reports globalnot U.S.sales numbers, saw considerable growth in its total deliveries, which came in at just under 500,000CEO Elon Musks goal for the yearat 499,550, an increase of 35.9 percent. The Model 3, Tesla's most popular vehicle, appears to have seen further growth in sales, but Tesla combines Model 3 and Model Y sales numbers so it's difficult to attribute the growth to one vehicle or the other.

GM chief economist Elaine Buckberg said in a statement that the automaker expects the pandemic to continue to put pressure on the auto industry throughout the year, but for that to ease beginning in the spring. "Widening vaccination rates and warmer weather should enable consumers and businesses to return to a more normal range of activities, lifting the job market, consumer sentiment, and auto demand."

Although the better part of a year now separates the industry from the shutdowns in the spring, inventories haven't recovered, largely due to pent-up demand. That has translated to early 2021 still not being an optimal time to buy a car, since dealers aren't pressed to move outgoing model year vehicles off their lots.

"It's certainly not much of a buyer's market right now: Inventory is still in short supply in certain areas, and automakers and dealers aren't faced with the pressure to use big discounts to clear out their lots like they normally do at this time of year," Jessica Caldwell, Edmunds executive director of insights, said in a note.

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Quantum computing is so last-decade. Get ready to invest in the final frontier… teleportation – MarketWatch

Posted: at 2:33 pm

If 2020 had you wishing you could say Beam me up, Scotty, youre not alone. You may be one tiny step closer to getting your wish in a few decades or so.

Scientists from Fermilab, Caltech, NASAs Jet Propulsion Laboratory and the University of Calgary achieved long-distance quantum teleportation in mid-2020, they confirmed in an academic journal article published last month. Its another step toward realizing whats often called quantum computing, and also toward understanding physics on a different level than we do now, perhaps well enough to someday teleport humans. And while there is no ETF specifically for that yet, here are some broad guidelines for thinking about how to invest in very nascent technologies.

For starters, its good to understand the broad contours of the industry supporting the idea. A 2020 market research analysis estimates the quantum computing market will top $65 billion per year by 2030, while a 2019 BCG report makes the case for investing now, rather than waiting for things to take off. As MarketWatch reported in late 2019, quantum computing is expected to remake everything from pharmaceuticals to cybersecurity.

Right now, there are several blue-chip biggies involved in the quantum race. Scientists from AT&T were involved in the 2020 experiments, and big companies like Microsoft MSFT, +0.04%, Tencent TCEHY, +4.86%, and IBM IBM, +2.15% all have initiatives.

Its easy enough to find exchange-traded funds with big holdings of those giants likely easier than finding publicly-traded small companies on the bleeding edge of these technologies but its also important to remember how small a share of their revenues experimental ventures like these are.

There are still some good models for funds constructed around developing industries like this one, noted Todd Rosenbluth, head of mutual fund and ETF research at CFRA. One is the Procure Space ETF UFO, +1.29%, which sports the ticker UFO. UFO launched before Virgin Galactic SPCE, +3.12% went public, at a moment when it was hard to call it a true pure-play space fund. As MarketWatch noted at the time, UFO is composed of companies involved in existing space-related business lines: ground equipment manufacturing that uses satellite systems, rocket and satellite manufacturing and operation, satellite-based telecommunications and broadcasting, and so on.

The one ETF that might now be said to be closest to offering access to quantum technology takes a similar approach. The Defiance Quantum ETF QTUM, +1.79% has quantum in its name, but says it provides exposure to companies on the forefront of cloud computing, quantum computing, machine learning, and other transformative computing technologies.

Another consideration might be an ETF specializing in very early-stage technology. In December, MarketWatch profiled the Innovator Loup Frontier Technology ETF LOUP, +2.49%. Rosenbluth has also been watching the Direxion Moonshot Innovators ETF MOON, +1.17%.

Disruptive technology themes have gotten a boost from one of biggest success stories of 2020, he said in an interview. ARK Invests fund lineup took in billions of dollars and enjoyed triple-digit gains as their bets on technology had a moment.

The next-gen narrative seems to resonate with investors, and complex themes like these make a good case for investing in actively-managed funds that benefit from researchers expertise. That means that when it succeeds, Theres a snowball effect of investors coming to see the benefits of using ETFs for these kinds of themes, Rosenbluth said.

I think the future is bright for these types of ETFs, Rosenbluth told MarketWatch. Theres less white space in the ETF world than there was before, but its inevitable that there will be a teleportation-related ETF.

Read next: What will 2021 bring for ETFs?

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Major Quantum Computing Projects And Innovations Of 2020 – Analytics India Magazine

Posted: at 2:33 pm

Quantum computing has opened multiple doors of possibilities for quick and accurate computation for complex problems, something which traditional methods fail at doing. The pace of experimentation in quantum computing has very naturally increased in recent years. 2020 too saw its share of such breakthroughs, which lays the groundwork for future innovations. We list some of the significant quantum computing projects and experiments of 2020.

IT services company Atos devised Q-Score for measuring quantum performance. As per the company, this is the first universal quantum metric that applies to all programmable quantum processors. The company said that in comparison to qubits, the standard figure of merit for performance assessment, Q-Score provides explicit, reliable, objective, and comparable results when solving real-world optimisation problems.

The Q-Score is calculated against three parameters: application-driven, ease of use, and objectiveness and reliability.

Googles AI Quantum team performed the largest chemical simulation, to date, on a quantum computer. Explaining the experiment in a paper titled, Hartree-Fock on a superconducting qubit quantum computer, the team said it used variational quantum eigensolver (VQE) to simulate chemical mechanisms using quantum algorithms.

It was found that the calculations performed in this experiment were two times larger than the previous similar experiments and contained about ten times the number of quantum gate operations.

The University of Sydney developed an algorithm for characterising noise in large scale quantum computers. Noise is one of the major obstacles in building quantum computers. With this newly developed algorithm, they have tried to tame the noise by reducing interference and instability.

A new method was introduced to return an estimate of the effective noise with relative precision. The method could also detect all correlated errors, enabling the discovery of long-range two-qubit correlations in the 14 qubit device. In comparison, the previous methods would render infeasible for device size above 10 qubits.

The tool is highly scalable, and it has been tested successfully on the IBM Quantum Experience device. The team believes that with this, the efficiency of quantum computers in solving computing problems will be addressed.

Canadian quantum computing D-Wave Systems announced the general availability of its next-generation quantum computing platform. This platform offers new hardware, software, and tools for accelerating the delivery of quantum computing applications. The platform is now available in the Leap quantum cloud service and has additions such as Advantage quantum system with 5000 qubits and 15-way qubit connectivity.

It also has an expanded solver service that can perform calculations of up to one million variables. With these capabilities, the platform is expected to assist businesses that are running real-time quantum applications for the first time.

Physicists at MIT reported evidence of Majorana fermions on the surface of gold. Majorana fermions are particles that are theoretically their own antiparticle; it is the first time these have been observed on metal as common as gold. With this discovery, physicists believe that this could prove to be a breakthrough for stable and error-free qubits for quantum computing.

The future innovation in this direction would be based on the idea that combinations of Majorana fermions pairs can build qubit in such a way that if noise error affects one of them, the other would still remain unaffected, thereby preserving the integrity of the computations.

In December, Intel introduced Horse Ridge II. It is the second generation of its cryogenic control chip, considered a milestone towards developing scalable quantum computers. Based on its predecessor, Horse Ridge I, it supports a higher level of integration for the quantum systems control. It can read qubit states and control several gates simultaneously to entangle multiple qubits. One of its key features is the Qubit readout that provides the ability to read the current qubit state.

With this feature, Horse Ridge II allows for faster on-chip, low latency qubit state detection. Its multigate pulsing helps in controlling the potential of qubit gates. This ability allows for the scalability of quantum computers.

I am a journalist with a postgraduate degree in computer network engineering. When not reading or writing, one can find me doodling away to my hearts content.

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Quantum Computing Entwined with AI is Driving the Impossible to Possible – Analytics Insight

Posted: at 2:33 pm

Mergingquantum computing with artificial intelligence (AI)has been on the priority list for researchers and scientists. Even though quantum computing is still in the early phases of development, there have been many innovations and breakthrough. However, it is still unclear on whether the world will change for good or bad when AI is totally influenced by quantum computing.

Quantum computingis similar to traditional computing. It relies on bits, which are 0s and 1s to encode information. The data keeps growing despite limiting it. Moores law has observed that the number of transistors on integrated circuits wills double every two years, making way for tech giants to run the race of making the smallest chips. This has also induced tech companies to compete for the first launch of a viable quantum computer that would be exponentially more powerful than todays computers. The futuristic computer will process all the data we generate and solve increasingly complex problems.

Remarkably, the use ofquantum algorithms in artificial intelligencetechniques will boost machines learning abilities. This will lead to improvements in an unprecedented way. The main goal of the merger is to achieve a so-calledquantum advantage, where complex algorithms can be calculated significantly faster than with the best classical computer. The expected change will be a breakthrough in AI. Experts and business leaders predict thatquantum computings processing powercould begin to improve AI systems within about five years. However, combining AI and quantum is considered scary from an angle. The late researcher and scientist Stephen Hawking has said that the development of full AI could spell the end of the human race. Once humans develop AI, it will take off on its own and redesign itself at an ever-increasing rate. Humans, who are limited by slow biological evolution couldnt compete and would supersede.

Can solve complex problems quickly

One of the major expectations that people have fromquantum computingis to have increased computational skill. It is predicted that quantum computers will be able to complete calculations within seconds that would take thousands of years to calculate. Google claims that the company has a quantum computer that is 100 million times faster than any existing computer. This futuristic and quick way of calculating will solve all the data problems in minutes if not seconds. The key to availing the transition is by converting all the existing data into quantum language.

Enhance warfighter capabilities

Even though the improvement of quantum computing is in the initial stage, it is expected to enhance warfighter capabilities significantly in the future. It is predicted that quantum computing is likely to impact ISR (intelligence, surveillance and reconnaissance), solving logistic problems more quickly. While we know the types of problems and general application space, optimisation problems will be some of the first where we will see advantages.

Applications in the banking sector

Malpractice and constant forgeries are common in the banking and financial sector. Fortunately, the combination of AI with quantum computing might help improve and combat fraud detection. Models trained using a quantum computer will be capable of detecting patterns that are hard to spot using conventional equipment. Meanwhile, the acceleration of algorithms will yield great advantages in terms of the volume of information that the machines handle for this purpose.

Help integrate data from different datasets

Quantum computers are anticipated to be experts in merging different datasets. Although this seems quite impossible without human intervention in the initial phase, computers will eventually learn to integrate data in the future. Henceforth, if there are different raw data sources with unique schema attached to them and a research team wants to compare them, a computer would have to understand the relationship between the schemas before the data could be compared.

All is not good though

In some way, AI and quantum computing worry people with an equal amount of expectations it gives. Quantum computing technology will be very futuristic, but we cant assure you that it is human-friendly. It could be far better than humans suppressing people in their jobs. Quantum computing also poses athreat to security. The latest Thales Data Threat report says that 72% of surveyed security experts worldwide believe quantum computing will have a negative impact on data security within the next five years.

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The future is here for blockchain and IIoT – Electronic Products & Technology

Posted: at 2:33 pm

In recent years, blockchain technology has created quite a buzz about having the potential to disrupt entire industries. The industrial sector is certainly no exception, thanks to the many different potential applications for blockchain. If youre unfamiliar with this revolutionary new process, youre not alone. However, to maintain your businesses competitive edge, adapting to it may be essential, as it quickly moves from being a buzzword to an industry standard.

To understand why it is important, we should quickly explore the roots of blockchain. The concept is not that new. It has sprouted from a computer process known as a Merkel tree, named after Ralph Merkle, who patented this cryptographic process in 1979. His patent expired in 2002, and Merkle trees started the now-infamous process to become blockchain technology soon after.

You unknowingly interact with various types of Merkle trees daily. The entire internet utilizes them in one form or another. However, Merkle trees have glaring problems that the updated version (blockchain) can dramatically improve. This is especially true in the industrial sector, where information is often siloed, which can hinder a business efforts to streamline its processes.

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As the landscape of connectivity worldwide continues to grow, the Internet of Things (IoT) is growing exponentially. This is especially true in the industrial sector, as connectivity helps businesses streamline their procurement process and strengthen supply chains. Even though the IoT is still in its infancy, it has proven invaluable for industries.

However, as we enter into the Fourth Industrial Revolution with IoT, it has not been without significant new vulnerabilities and problems. To combat these vulnerabilities, blockchain utilizes a type of database that makes transactional information immutable, meaning the data cannot be changed once verified and committed to the ledger. Therefore, it can dramatically improve trust and security through a distributed and immutable ledger.

While blockchain is most often used for transactions, the information stored within it is limitless. Because of this, blockchain is poised to become the next stage of security for the IoT and IIoT precisely because of the ability to maintain siloing of certain critical information while also allowing connectivity in vital areas to streamline processes.

IIoT devices are highly vulnerable to attacks, primarily due to their subpar manufacturing standards, low processing power, and meager storage capabilities. In general, there are four types of attacks that IoT devices can fall victim to:

The threat of security breaches increases as IoT devices grow in popularity because conventional systems cannot handle the scale of complex information that IoT devices generate. However, blockchain can reduce damage from attacks or eliminate these threats.

The numerous benefits of blockchain often far outweigh the cost of implementation and integration. Blockchain attempts to eliminate the ability for hackers to exploit the traditional single point of entry for attacks. Each transaction is given cryptographic, unforgeable signatures, making the entire chain more robust and attack-resistant.

Summed up, blockchain can deliver coveted advantages in the area known as the Three Ds: Distribution, Data, and Delivery. Some enterprises may be hesitant to implement blockchain in their processes due to the misunderstanding of costs. However, the return on investment can be realized in the following ways:

Of course, even the best-laid plans often come with some drawbacks. While relatively inexpensive to implement, the overhead involved can cut into the overall benefits of the technology. Because blockchain is decentralized, each node (computer within the network) must maintain its copy of the ledger.

This can lead to high energy usage, as these nodes must stay online and available at all times to confirm transactions. For example, one Bitcoin transaction can consume as much energy as 90% of an average American homes energy consumption for an entire day. Many enterprises are working on innovative ways to incorporate renewable energy to offset the tremendous energy consumption.

Proposed solutions include moving away from the proof-of-work validation method and replacing it with the proof-of-stake or proof-of-authority method. Others, like Red Belly Blockchain, aim to reduce energy consumption while simultaneously improving the scalability and bottlenecking of transactions. Red Belly uses a process called verification sharding that can grow with the demand.

Another notable solution for the scalability problem is the use of state channels, which allow users to interact with one another off-chain to reduce the gridlock that can happen during high-traffic times. Fasttoken has revolutionized the use of state channels and open-sourced their code on GitHub. Many other enterprises are rushing to implement this solution, as well.

As global governments and corporations compete to achieve supremacy in quantum computing, it raises many questions about our current systems viability and even whether blockchain will be enough to keep IoT devices and information secure.

Current encryption methods, even blockchain, are breakable. However, to hack them, one must have access to a significant amount of computing power. Most hacks on robust cybersecurity systems involve a large number of people working for long periods.

What makes quantum computing so problematic is that it drastically reduces the time and resources needed to break encryption. A new type of quantum algorithmcalled Grovers algorithmcan turn a 128-bit key into the equivalent of a 64-bit key. Continuing along this line, a 64-bit key becomes a 32-bit key, and so on.

One defense against an attack by a quantum computer is to double the size of bit-keys. So, a 128-bit key will become a 256-bit key. But, as quantum computers become more robust, will doubling the keys be our only line of defense? As one article from American Scientist points out, the U.S. National Institute of Standards and Technology is already evaluating 69 potential new methods for what it calls post-quantum cryptography. The organization expects to have a draft standard by 2024.

IIoT has become an offshoot area of research due largely to the broad application possibilities of IoT in industry. As the world continues to embrace IoT and augment the physical world with the virtual world, vulnerabilities in these systems will consistently present new challenges. Using a proactive approach to introduce time-tested and innovative new technologies like blockchain will help address these vulnerabilities before they become much larger problems.

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