Category Archives: Quantum Computing

Recent incidents of electric vehicle (EV) catching fire has shocked the Indian ecosystem and hindered the broad adoption of these vehicles. Before March of this year, there has been a substantial rise in the demand for electric vehicles and rapid advances in innovation and technology. Improvements in the battery technology, through increased efficiency and range, have made the EVs more accessible to the mass public, as the sector is currently dominated by two-wheelers and three-wheelers in India. According to Mordor Intelligence, Indias electric vehicle market was valued at $1.4 trillion in 2021, and it is expected to reach $15.4 trillion by 2027, recording a CAGR of 47.09% over the forecast period (2022-2027). Since March, the challenge in EV has shifted from affordability, charging, and range anxiety to safety. Safety has been of prime importance and an EV catching fire has led to dire consequences and even fatal.

The question is, why is this happening?

A report by the Defence Research and Development Organisations (DRDO) Centre for Fire Explosive and Environment Safety points it to the EV batteries. The issues highlighted includes poor quality cells, lack of fuse, issues with thermal management, and battery management system (BMS).

The highlighted issues cause the batteries to experience Thermal Runaway problem, leading to the fires. This phenomenon occurs when an increase in temperature changes the conditions in a manner that causes further increase in temperature, often leading to a destructive result. The issue highlighted by the DRDO report are all potential causes of thermal runaway. Lets explain why.

Local atmospheric temperature directly affects the operating temperature of battery. For efficient performance, batterys operating temperature should be around 20-35 C. To keep the battery at this temperature, EVs need battery thermal management system (BTMS). Now, with rising temperatures in our cities, the BTMS are being challenged and possibly due to the poor thermal management system of EV batteries, thermal runaway is being caused.

Another cause for the thermal runaway, is possibly due to the rapid battery charging. With the evolution of battery technology, charging technology is also advancing. While the fast charging can greatly improve the convenience of EVs, it increases the risks related to batteries. Fast charging an EV can overheat the battery system, enough to melt the electrical wires and cause short circuits, leading to explosive consequences, as already seen by several charging-related incidents.

While hot weather conditions and inadequate thermal management systems of the battery can negatively impact performance and shorten life, they alone cannot cause thermal runaway. As mentioned by DRDO report, inefficient, or even absence of, fuse as a fail-safe mechanism is a missing component causing thermal runaway.

The causes of thermal runaway highlighted above could be due to either inefficient design or not enough testing by EV manufacturers. But the manufacturers cannot spend more time on increased testing due to time-to-market constraints.

Whats the solution?

As stated, design and testing phase are very important phases of any product manufacturing. Since the era of industry 4.0, all design and testing have moved digitally and carried out on large-scale powerful computers through what is called Engineering Simulations (referred to as Simulations hereafter). Simulations can be of various types some of which are thermal (studying the effect of heat and temperature on object), structural (studying effect of objects strength, stress, and failure), fluid (studying effect of flow in and around an object), and electrochemical (studying effect of chemistry on electricity). Thermal runaway is a complex engineering problem, entailing all the types of simulations mentioned above. With the right simulation tools, simulations allow to mimic every possible physical condition, rising temperature, fast charging, or fuse placement and find areas of problem. After identifying, it can also aid in testing different solutions and hence avoid thermal runaway all together.

The question then becomes why are we seeing the news at all?

Biggest issue EV manufactures have with performing numerous simulations is the duration of time. To run a series of simulations, it can take months to obtain results with minimal flaws and defects (high accuracy simulations). Manufacturers cannot afford this as it greatly hampers the time to market. Thus, companies opt for simulations that can provide solutions but with several minor flaws and defects (low accuracy simulations) to them, leading to large mishaps like EV explosions, system failures, and affecting human lives. In addition, if the companies do find some time to perform these simulations with minimum flaws and defects (high accuracy simulations), the cost that manufacturers incur is very high due to the need for supercomputers whether on-premises (setup and maintenance cost) or on cloud (due high duration time of the computing).

So the real issue is the computing technology bottleneck. This is where the next-generation computing technology of Quantum computers can step in and revolutionize the industries like EV and Battery Design. This new technology is much more powerful, enabling exponential abilities to these industries.

Prospect of Quantum-powered simulations

The power Quantum computers is showcased by its ability to perform the same simulations in much less time compared to classical supercomputers. Hence, this technology can significantly help EV manufacturers in their time to market.

Moreover, the ability to obtain high accuracy from simulations is vital in using them in the product development process. Since high accuracy simulations took lot of time before, making them prohibitive, quantum-powered simulations can now enable the manufacturers to perform accurate simulations at reasonable time, in hours instead of months. Added accuracy will not only help companies create more efficient designs and improve the reliability of their vehicles, but also help in saving something invaluable, i.e., Lives. In addition, the speedup from Quantum computations enables lower computing usages, decreasing the overall cost and making it affordable for EV manufacturers.

Whats next?

In the computing sphere, Quantum Computing is the revolutionizing system, changing our understanding of computations and shows tremendous potential as shown by various use cases. While the prospect of Quantum-powered simulations offers the advantage of Better, Faster, and Cheaper, the development is very challenging as the Quantum computers work in entirely different ways.

Good news is that companies are already developing & building Quantum-powered simulation software, which can solve problems of thermal runaway and optimization of BTMS. Quantum Computing is here and now!

Views expressed above are the author's own.

END OF ARTICLE

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Quantum computing can solve EVs safety woes - Times of India

The University of Ottawa is teaming up with a Toronto-based company to develop and commercialize high-powered quantum computing technology.

The university said this week its signed a memorandum of understanding with Xanadu, one of the worlds leading suppliers of quantum hardware and software, to create new courses aimed at training the next generation of quantum computing experts as well as develop algorithms to make high-speed quantum computers even more powerful.

The one-year agreement, which has the option of being renewed, is expected to take effect in September. Sylvain Charbonneau, the universitys vice-president of research and innovation, said it will make uOttawa a leader in discovering real-world applications for quantum computing.

This partnership will help elevate emerging quantum research by giving our students and researchers access to the cutting-edge technologies and expertise held at Xanadu, he said in a statement.

It has the potential to change lives as we train the next generation of quantum pioneers, and work with industry experts to develop and commercialize real-life applications.

Xanadu will provide an undisclosed amount of funding for the research program. The federal government which last year said it planned to invest $360 million in a national strategy to advance quantum research is also expected to help fund the project.

Combining uOttawa's deep knowledge in quantum photonics with Xanadu's industry-leading expertise in quantum hardware and software will pave the way for tackling today's most important scientific and engineering challenges, Josh Izaac, Xanadu's director of product, said in a statement.

Under the agreement, uOttawa researchers will use Xanadus hardware and software to test quantum computing technology in real-world settings and help find ways of commercializing it.

Charbonneau said Xanadu which was founded in Toronto in 2016 and now employs more than 130 people will also help the school create new quantum diploma and certificate programs that straddle the border between science and engineering.

Quantum computing uses the laws of quantum physics, tapping into the world of atoms and molecules to create computers that are many times faster and more powerful than traditional digital computers.

Charbonneau said the technology has a wide range of applications, including encrypting data to make it more difficult for hackers to crack and creating ultra-powerful sensors for industries such as health care and mining.

The veteran academic said recent market research suggests quantum computing will be an $86-billion industry by 2040.

Its going to be big, he told Techopia on Wednesday afternoon. If youre (the Department of National Defence) and you want to communicate securely between A and B, youre going to use quantum cryptography for sure.

Charbonneau said uOttawa currently has more than 70 faculty members involved in quantum research, from faculties as diverse as engineering, law and physics. About a dozen of them will be part of the universitys quantum research team, and they will be assisted by upwards of 100 graduate and PhD students.

The new deal with Xanadu promises to boost uOttawas growing expertise in the field of quantum research.

The agreement comes seven years after the launch of the Max Planck uOttawa Centre for Extreme and Quantum Photonics. The facility was created to provide a forum for researchers from the university and the Max Planck Society, a non-profit association of German research institutes, to work together on technology such as high-intensity lasers.

Charbonneau said quantum computing is getting closer to becoming mainstream, and uOttawa hopes to lead the pack when it comes to training developers and programmers.

Talent really is the new currency, and were capable of providing it to the ecosystem, he said.

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Quantum leap: uOttawa partners with TO firm in bid to commercialize high-powered computing technology - Ottawa Business Journal

QuantLR Ltd, an Israel-based Quantum Key Distribution (QKD) company, and MedOne, a leading Israeli data center service provider, have announced the successfuloperationofQuantLRs QKD system with MedOnes Data Centerinfrastructurebetween the cities ofTel Aviv andPetah Tikva.

Quantum Key Distribution (QKD) is the onlyproven technology that provides the ultimate level of security fordata in transit, includingsecurity against any attack or eavesdropping attempts by contemporary, future, classical or quantum-based computers. Another threat that is secured by QKD is a hack now- decrypt later attack where the attacker collects the data now and decrypt in a later stage. This puts a sense of urgency in the implementation of QKD.

This quantum-based technology isespeciallyimportant in a data center environment to secure the information to and from the data center, between data centers, and within the data center itself.

The announcement comes following the recent successful testthat was conducted between the MedOne Tel Aviv and MedOne Petah Tikva facilities, over a distance of more than 35km (21.7 miles). Earlier this year QuantLR managed to exchange keys over longer distances.

The test was led by Dr. Nitzan Livneh, QuantLRs CTO, and Eli Saig, MedOnes CTO.

A single fiber strand was used to carry the quantum information as well as C-band data channels, enabling quantum-safe communication for clients without dark fiber. The system created more than ten 256bit symmetric encryption keys per second, without any flaws.

A QKD solution at an affordable price is critical to solve a major upcoming problem: todays networksecurityrelies on public keycryptographythatishighly vulnerable to cracking. The vast majority of encryption keys in the commercial world are distributed via PKI, but new algorithms and advances in quantum computing will soon provide the capabilities to crack most PKI instances, including RSAand Diffie Hellman methods. This issue is well-known, and Quantum Key Distribution is widely considered the most secure solution for long-term data security, as conventional security solutions approach their end-of-life.

We are delighted to collaborate with a leading data center service provider such as MedOne. Data Centers are a very important use case for QKD and we see an increasing demand from leading players in this market, notesDr. Nitzan Livneh, CTO of QuantLR

Data security has become the most important aspect in a data center offering, and we are planning to be the first data center service provider worldwide that will offer a QKD solution to secure its clients data noted Ronnie Sadeh, CEO of MedOne.

AboutQuantLR:Headquartered in Israel, QuantLRaims to provide versatile cost-effective quantum cryptographic solutions based on quantum key distribution (QKD)technology to protect communicated data. This solution is proven to provide the ultimate level of security against any attack by contemporary, future, classical or quantum-based computers. QuantLRs solutions will be offered to the market as a component embedded within communication hardware vendor products, as well as stand-alone products.

About MedOne:MedOne leads Israels data center market, providing comprehensive hosting services to Israels largest organizations. With several underground data centers spanning over 16,000 square meters (172,000 square feet), MedOne provides hosting, backup and business continuity services with the highest SLA, resiliency and the best standard of security.

QuantLR Contact

Shlomi Cohen, shlomi[at]quantlr.com

Excerpt from:

QuantLR Partners With MedOne to Test and Validate a QKD Solution to Protect Against Quantum Computer Attacks - StartupHub.ai

A biomedical firm whose drug discovery platform is used by 16 of top 20 pharmaceutical companies. A quantum computing startup whose machine recently outperformed the worlds most powerful supercomputers. A genomics company whose cloud-based software enabled better data-sharing and analysis during the pandemic and earned plaudits from the World Economic Forum.

BenchSci, Xanadu Quantum Technologies and DNAstack are just three localtech companies that have helped solidify the University of Torontos reputation as Canadas top engine for research-based startups while contributing to a tech boom that has attracted talent and investment to the Toronto region.

The spotlight on Torontos tech scene will shine especially brightly this week as the city hosts Collision, North Americas fastest-growing tech conference. More than 35,000 attendees including startup founders, business leaders, investors, scientists, journalists and celebrities are expected to participate in the in-person gathering, which was held virtually for the past two years due to COVID-19. Thats up 40 per cent from the last time the event was held in-person in Toronto.

There is more than two years of pent-up energy for Collision, and we are seeing strong interest across the entire U of T community as well as international delegations that are keen to re-engage with our city and our university in person, says Jon French, director of U of T Entrepreneurship.

Our innovation ecosystem continues to enjoy incredible growth, and Collision is an excellent opportunity to shine a light on this momentum and the impact our entrepreneurial ecosystem is having globally.

Several U of T founders are scheduled to speak at the conference. They include Liran Belenzon, CEO of BenchSci, which Belenzon and three U of T alumni co-founded in 2015 with support from U of Ts Entrepreneurship Hatchery, Health Innovation Hub (H2i) and the Creative Destruction Lab at Rotman.

The topic of his presentation? The importance of culture in hyper-growth startups a subject Belenzon knows intimately. BenchSci raised $123 million in funding from a whos who of investors and expanded its team from 50 to 285 in the last three years (with plans to keep growing).

When you navigate a completely white space with no blueprint, and youre doing something that no one has ever done in the past, culture is crucial, says Belenzon, who earned an MBA from U of Ts Rotman School of Management.

He adds that BenchSci sought to nail down its culture early on by integrating it into every aspect of its operations a task that is now being bolstered by Jessica Neal, former chief of talent at Netflix who recently joined BenchScis advisory board.

The company even has a 55-page culture deck that lays out its values, rules of engagement and leadership manifesto. It includes innovative ideas such as paying a recent hire an extra months salary if they quit within the first three months a policy aimed at ensuring that employees who stay on feel that the job is right for them.

Culture is how we do things around here, says Belenzon. For us, success is not only what we accomplish but how we accomplish it how you do things, how you communicate, how you make decisions, how you treat each other and how you move forward together.

Liran Belenzon, CEO of BenchSci, plans to talk about importance of culture at hyper-growth startups like the one he co-founded in 2015 with three other U of T alumni(photo courtesy of BenchSci)

Belenzon will be joined at the conference by other founders with strong U of T links. Christian Weedbrook, CEO of Xanadu, will talk about emerging applications of quantum computing, while Nick Frosst, chief technology officer of AI language processing startup Cohere, will discuss how to take action in times of chaos and uncertainty. Toronto Mayor John Tory and celebrated author Margaret Atwood, both U of T alumni, are also scheduled to speak (see U of T's schedule at Collision 2022 here).

This years in-person conference will also feature a large U of T booth that will feature representatives of several campus-linked accelerators and entrepreneurship groups, including the Creative Destruction Lab, UTEST (U of T Early-Stage Technology) incubator, H2i and the Black Founders Network. Other U of T bodies that plan to have a presence at Collision include: U of Ts Innovations and Partnerships Office, Climate Positive Energy institutional strategic initiative (ISI) and the Faculty of Arts & Science.

U of T Entrepreneurship, meanwhile, plans to host presentations in the ONRamp co-working and event space, and will offer tours of the St. George campus in a bid to familiarize Collision attendees with U of Ts thriving entrepreneurship ecosystem, which has spawned over 600 companies, created more than 9,000 jobs and generated more than $2 billion in investment over the past decade.

The return of the Collision conference to Toronto as an in-person event comes at a time when U of T startups and their founders are garnering acclaim around the world.

In April, the Silicon Valley-based C100 network for Canadian tech entrepreneurs named the 20 startup founders admitted to its annual C100 Fellows program 40 per cent of whom are either U of T alumni or lead startups that graduated from the Creative Destruction Lab. They include several women: New College alumna Christina Cai, chief operations officer of AI health insurance tech firm Lydia.ai; U of T Scarborough alumna Kathleen Chan, CEO of fashion supply chain platform Calico; and Faculty of Law graduate Laura Zizzo, CEO of climate intelligence platform Manifest Climate.

And, last month, DNAstack, a startup that develops software and standards to help scientists and health leaders access and analyze genomics data, was named one of the World Economic Forums 100 Technology Pioneers of 2022 for its work in establishing federated data networks and powering insights in COVID-19 pandemic surveillance, neuroscience, rare disease and oncology.

Marc Fiume, DNAstacks co-founder and CEO, says he hopes to leverage the recognition to promote promotion of equitable data sharing through Viral AI, its federated network for genomic variant surveillance and infectious disease research.

Viral AI can help by setting up a real-time data sharing network so that as soon as a new variant of concern is identified, for example, we get alerted, said Fiume, who earned his bachelors, masters and doctoral degrees in computer science at U of T. So, what were doing with the World Economic Forum and other partners is finding a way to get this in the hands of as many countries as possible so that we can support them in setting up genomic surveillance infrastructure.

Were excited about the opportunity to bring made-in-Canada technology to the global stage, and to really have an active role in shaping the future of how genetics and precision medicine pan out for really important global issues.

The company is also a member of CanDETECT, a project that aims to use AI to develop precision oncology software. Other members include University Health Network (UHN) and Microsoft.

Fiume describes DNAstacks role in CanDETECT as the data integrator since it works to examine how genomics interfaces with other data and leverages AI to learn which individuals, on a genetic basis, would respond best to therapies.

So, its sort of the same approach were applying to COVID, but in the context of cancer, Fiume says.

Fiume says DNAstacks growing contributions on the national and international stage wouldnt have been possible without the resources, supports and expertise on offer at U of T and in Toronto more generally.

This is a very collaborative field, he says. If youre not working with a policy adviser, a cloud provider, a pharma company, an AI expert and a genome scientist, you dont have all the ingredients you need.

Thats whats been really great about Torontos ecosystem. A lot of other startups and collaborators are growing with us, and that network effect has been really powerful for us to forge. The network of the ecosystem around U of T and Toronto has been a real catalyst for our growth.

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Toronto hosts Collision tech conference amid growing global acclaim for U of T startups - University of Toronto

This week in Washington IP news and events, both the Senate and the House of Representatives hold hearings looking at various aspects of the Patent Trial and Appeal Board (PTAB), including its impact on small businesses as well as ways that predictability and fairness in PTAB proceedings can be restored by Congress. Elsewhere, the American Enterprise Institute explores the current state of the debate over a waiver of international IP rights for COVID-19 vaccines, and IPWatchdogs President and CEO Gene Quinn hosts a conversation with outgoing USPTO Commissioner of Patents Drew Hirshfeld and recently confirmed USPTO Director Kathi Vidal.

IPWatchdog

A Conversation With the Director

At 10:00 AM on Tuesday, online video webinar.

On Tuesday, the U.S. Patent and Trademark Offices Acting Deputy Director and Commissioner of Patents, Drew Hirshfeld, will officially leave public service after a 30-year career at the agency. That morning, Hirshfeld will engage is a discussion with IPWatchdogs Founder and CEO Gene Quinn, reflecting upon Hirshfelds career at the USPTO, and recently confirmed USPTO Director Kathi Vidal will join to discuss her priorities as head of the agency and what she plans to address in the coming months.

Information Technology & Innovation Foundation

Assessing the Competitiveness of North Americas States: The North American Subnational Innovation Competitiveness Index

At 11:00 AM on Tuesday, online video webinar.

This Tuesday, the Information Technology & Innovation Foundation will release a new report entitled North American Subnational Innovation Competitiveness Index ranking all of the 92 states contained within the North American continent. This report is expected to identify policies that are most effective at promoting technology innovation and economic growth so that peer states are able to develop their own strategies to encourage innovation. This event will feature a discussion with Eric Miller, President, Rideau Potomac Strategy Group; Carolina Agurto, Partner, Fundacin IDEA & C230 Consultores; Sean Randolph, Executive Director, Bay Area Economic Council; Aaron Wudrick, Director, Domestic Policy Program, Macdonald-Laurier Institute; Patrick Larkin, Deputy Director, Massachusetts Technology Collaborative, and Director, Innovation Institute, MassTech; Mark Schaan, Associate Assistant Deputy Minister, Innovation, Science and Economic Development Canada; and moderated by Stephen Ezell, Vice President, Global Innovation Policy, and Director, Center for Life Sciences Innovation, ITIF.

House Committee on Rules

Meeting Announcement for H.R. 7666, H.R. 5585, H.R. 4176, and the Senate Amendment to H.R. 3679

At 2:00 PM on Tuesday in H-313 The Capitol.

On Tuesday afternoon, the House Rules Committee will convene a meeting to discuss several proposed pieces of legislation currently working their way through the U.S. House of Representatives. Included among those bills is H.R. 5585, the Advanced Research Projects Agency-Health (ARPA-H) Act. If passed, this bill would establish ARPA-H as an innovation accelerator within the U.S. Department of Health and Human Services (HHS) to lead the U.S. federal governments research activities into immunotherapies for treating cancer and treatments for diseases like COVID-19 and Alzheimers disease.

American Enterprise Institute

Where Does the Debate Over Intellectual Property Protections for COVID-19 Vaccines Stand One Year Later?

At 2:30 PM on Tuesday in AEI Auditorium, 1789 Massachusetts Ave. NW, Washington, DC 20036.

A lot of debate has sprung up around efforts at the World Trade Organization (WTO) to craft and pass a waiver of international IP obligations under the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). Just last week, the WTO released a final version of a TRIPS waiver agreement for WTO member countries that has been criticized by those who think that the TRIPS waiver does not go far enough in waiving IP rights covering COVID-19 vaccines and treatments, while others have been critical throughout the negotiation process regarding the lack of evidence that patents pose any barrier to vaccine access. This event will feature a discussion on the proposed TRIPS waiver and its impacts on our worlds ability to handle new COVID-19 variants with a panel including Komal Kahla, Associate Director of Intellectual Property and Trade Policy, International Federation of Pharmaceutical Manufacturers & Associations; Patrick Kilbride, Senior Vice President, Global Innovation Policy Center, U.S. Chamber of Commerce; James Love, Director, Knowledge Ecology International; Zain Rivzi, Research Director, Public Citizen; and moderated by Michael Rosen, Adjunct Fellow, AEI.

Center for Strategic & International Studies

The Future of Quantum Powering the Innovation Ecosystem from the Private Sector

At 3:00 PM on Tuesday, online video webinar.

Unlike classical computing architectures, which process algorithms as binary code to execute programs, quantum computing is capable of completing incredibly complex calculations that are practically impossible for classical computers to perform. Quantum computing is expected to improve long-term weather forecasts, combat scenario management and many other difficult modeling projects that involve a large number of variables. This event will feature a discussion on the role of the private sector in developing quantum computing platforms with a panel including Robert Liscouski, President, CEO and Chairman, Quantum Computing, Inc.; Jay Gambetta, Fellow and Vice President, Quantum Computing, IBM; and moderated by James Andrew Lewis, Senior Vice President and Director, Strategic Technologies Program, CSIS.

U.S. Patent and Trademark Office

The Hand of History The Mind of the Inventor Session 3: Automobiles and Aviation

At 3:00 PM on Tuesday, online video webinar.

This webinar, the third in the USPTOs Hand of History Mind of the Inventor series that runs through June, focuses on the role of patents in the business success of aviator and entrepreneur Lucean Arthur Headen. Speakers at this event will include Jill D. Snider, Author, Lucean Arthur Headen: The Making of a Black Inventor and Entrepreneur; and Adam Bisno, Historian, USPTO.

House Subcommittee on Energy

Investigating the Nature of Matter, Energy, Space, and Time

At 10:00 AM on Wednesday in 2318 Rayburn House Office Building.

Dark energy, which has been theorized but not observed, makes up nearly 70 percent of the universes energy and plays an incredibly important role in its continued expansion. A better understanding of different forms of energy and matter would greatly improve the worlds knowledge of physics. Even with advances in technologies useful for detecting neutrinos, incredibly tiny particles that operate as a form of dark matter, the current state of scientific understanding of energy and matter is incredibly limited. The witness panel for this hearing will include Dr. Asmeret Berhe, Director of the Office of Science, U.S. Department of Energy; Dr. Brian Greene, Director of the Center for Theoretical Physics, Columbia University; Dr. Lia Merminga, Director, Fermi National Accelerator Laboratory; Jim Yeck, Associate Laboratory Director and Project Director for the Electron-Ion Collider, Brookhaven National Laboratory; and Michael Guastella, Executive Director, The Council on Radionuclides and Radiopharmaceuticals.

Hudson Institute

Beyond the Billions: Policies That Can Deliver on Congresss Broadband Goals

At 12:00 PM on Wednesday, online video webinar.

The Infrastructure Investment and Jobs Act, passed by Congress last November, sets aside $65 billion in federal funding for broadband infrastructure projects to reach the 14.5 million Americans who lack Internet access. At the same time, the United States is losing its dominance in technological fields like 5G wireless networking and large questions as to whether Congress broadband policy goals can be achieved even with that level of federal funding. This event will feature a discussion on federal programs for broadband with a panel including Brendan Carr, Commissioner, Federal Communications Commission; and Harold Furchtgott-Roth, Director, Center for the Economics of the Internet, Hudson Institute.

U.S. Patent and Trademark Office

Everything Design: A Regional Exploration of Design Patent Strategy

At 1:00 PM on Wednesday, online video webinar.

On Wednesday afternoon, the USPTOs Texas Regional Office will host the second episode of the agencys second annual Design Webinar Series, which focuses on the role that design patents have in protecting valuable IP in various industries. This episode will explore how design patents can maximize business value and tips for leveraging design patent rights in different industries.

Senate Subcommittee on Intellectual Property

The Patent Trial and Appeal Board: Examining Proposals to Address Predictability, Certainty, and Fairness

At 2:30 PM on Wednesday in 226 Dirksen Senate Office Building.

Since it was established by the America Invents Act (AIA) of 2011, the Patent Trial and Appeal Board (PTAB) has become an exceptionally important and controversial tribunal within the world of U.S. patent law. Just last week, Senate IP Subcommittee Chair Patrick Leahy (D-VT), along with Ranking Member Thom Tillis (R-NC) and Subcommittee Member John Cornyn (R-TX), introduced the PTAB Reform Act into the U.S. Senate. The bill would limit the PTABs ability to issue discretionary denials of AIA validity trials under the Fintiv framework, but it would also address certain petitioner abuses of the PTAB including serial petitions and implement a code of conduct for the PTABs administrative patent judges (APJs). The witness panel for this hearing has yet to be announced.

House Subcommittee on Cybersecurity, Infrastructure Protection, & Innovation

Securing the Future: Harnessing the Potential of Emerging Technologies While Mitigating Security Risks

At 2:30 PM on Wednesday in 310 Cannon House Office Building.

Several emerging areas of technology, including the Internet of Things (IoT) and artificial intelligence (AI), are expected to bring massive gains to the global economy thanks to large increases to productivity. However, many of these advances also bring with them a greater risk of cybersecurity attacks affecting a wider degree of IoT-connected appliances and vehicles, while some tech policy advocates have raised concerns about the tendency that AI platforms have to reinforce the biases of the programmer creating them. The witness panel for this hearing will include Dr. Andrew Lohn, Senior Fellow, Center for Security and Emerging Technologies, Georgetown University; Charles Robinson, Public Sector Quantum Computer Leader, IBM; Ron Green, Executive Vice President and Chief Security Officer, Mastercard; and Rob Strayer, Executive Vice President for Policy, Information Technology Innovation Council.

U.S. Patent and Trademark Office

Proud Innovation 2022, Part Two: From Enthusiasm to Entrepreneurship

At 3:00 PM on Wednesday, online video webinar.

This webinar is the second in the USPTOs Proud Innovation series, which highlights the accomplishments of LGBTQIA+ entrepreneurs and innovators who have successfully leveraged IP rights to scale up their business ideas. This episode will feature a discussion with a panel including Ana Maria Hernandez Marti, Founder and CEO, Equal Love; Jake Kenyon, Owner/Lead Dyer, Kenyarn, LLC; Robin Williams, Owner, Bowtie Behavior; and moderated by Phillip Bailey, Director of Strategic Initiatives, Wisconsin LGBT Chamber of Commerce.

House Select Committee on the Modernization of Congress

Congress & Technology: Modernizing the Innovation Cycle

At 9:00 AM on Thursday in 210 Cannon.

Governmental agencies and entities often face tremendous difficulties in ensuring that their critical information technology (IT) infrastructure has adopted even those IT platforms that have been commercially available for a decade or longer. At a March hearing of the House Select Committee on the Modernization of Congress, the House Chief Administrative Office (CAO) announced that it would be launching a new digital services office to meet IT needs across the entirety of operations within the U.S. House of Representatives. Last week, the Office of Management and Budget and the General Services Administration announced that $100 million in Technology Modernization Fund resources to improve online access to federal government and agency resources. The witness panel for this hearing will include Stephen Dwyer, Senior Advisor to House Majority Leader Steny Hoyer; Melissa Medina, Co-Founder, Appmy, LLC; and Reynold Schweickhardt, Senior Advisor, Lincoln Network.

House Subcommittee on Courts, Intellectual Property, and the Internet

The Patent Trial and Appeal Board After 10 Years: Impact on Innovation and Small Businesses

At 10:00 AM on Thursday in 2141 Rayburn.

Although it was originally sold as an alternative venue for challenging patent validity that would be less expensive for small companies dealing with abusive demands to license patent rights, the PTAB has become a playground for Big Tech and major corporations like Apple, Google and Samsung, who are the top petitioners for validity trials at the PTAB. On the other hand, many independent inventors and small business owners have seen their prospects smashed by PTAB validity trials, which are able to delay infringement actions in U.S. district court while invalidating patent claims at an incredible rate. The witness panel for this hearing has yet to be announced.

House Subcommittee on Commodity Exchanges, Energy, and Credit

The Future of Digital Asset Regulation

At 10:30 AM on Thursday in 1300 Longworth House Office Building.

Distributed ledger technologies have been evolving in recent years, creating not only new cryptocurrency alternatives to bitcoin but also the non-fungible token (NFT) market that has seen tremendous fluctuations in value. This March, the Biden Administration issued an executive order on the responsible development of digital assets that expressed concerns over the impact that such assets could have on global financial systems and unsophisticated investors alike. In early June, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the Responsible Financial Innovation Act (RFIA) into Congress, which would establish a regulatory framework for digital assets to better differentiate between digital commodities and digital securities and assign regulatory authority to the Commodity Futures Trading Commission (CFTC). The witness panel for this hearing has yet to be announced.

U.S. Patent and Trademark Office

PTAB Inventor Hour Webinar: Episode 9

At 12:00 PM on Thursday, online video webinar.

This webinar is the ninth episode in the USPTOs PTAB Inventor Hour series, which features case studies and practice tips for inventors who are facing the prospect of either an ex parte appeal of an examiner rejection or an America Invents Act (AIA) trial challenging the validity of issued patent claims. This episode features a conversation with Brian Fried, National Inventor Club, and will discuss topics including the contents of ex parte appeals briefs and a historical overview of physical patent models that were once required upon the filing of a U.S. patent application.

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This Week in Washington IP - IPWatchdog.com

New York, June 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Next Generation Computing Market Size, Share & Industry Trends Analysis Report By Type, By Component, By Offering, By Organization Size, By End User, By Regional Outlook and Forecast, 2022 2028" - https://www.reportlinker.com/p06283453/?utm_source=GNW Its also known as high-performance computing, and it employs quantum computing technologies. It processes data with quantum bits, rather than traditional computers. Furthermore, when compared to traditional computers, next-generation computing is more capable of doing complex computations, which is a primary driving force behind the markets expansion. Its also used in aerospace and defence, banking and financial services, healthcare and life science, energy and utilities, manufacturing, information technology and telecommunications, and other fields.

The next-generation computing industry is driven by several factors, including increased investments in next-generation computing technology, increased demand for high-performance computing, and increased demand for next-generation computing from scientific science and the capital industry. Over the forecast period, factors such as rising expenditures in artificial intelligence (AI), Industrial Internet of Things (IIoT), and engineering, which involve electronic design automation (EDA), are expected to boost the market.

Without the necessary tools and advanced technologies, meeting the escalating need for quick product development cycles (PLCs) and maintaining consistent quality becomes nearly impossible in real-time. Various sectors, such as automobile and medical robots, are using next-generation computing systems with computer-aided engineering programs for high-fidelity modelling simulation.

Machine learning (ML), Physical modelling, and optimization, in a variety of industrial applications, including financial modelling and life science simulation, are just a few examples of how next-generation computing may help solve complicated issues quickly. In addition, regulatory standards for energy consumption, sustainability, and safety, along with cost pressure, are at an all-time high around the world and are increasing rapidly, leading to increased complexity for development engineers.

COVID-19 Impact

The market for next-generation computing has grown in recent years; but, following the outbreak of the COVID-19 pandemic, the sector would see a minor fall in software sales in 2020. This is due to governments in the majority of countries putting the country on lockdown and shutting down cities to avoid the virus from spreading. Following the recuperation from the COVID-19 pandemic, the next-generation computer sector is expected to thrive in the future years. Moreover, several firms around Asia are implementing modern computer technologies to better their business processes and operational efficiency. Furthermore, several countries have implemented quantum computing apps and utilized quantum computing solutions for their health and life sciences operations, all without the virus spreading to the general population.

Market Growth Factors

High demand in science and healthcare sector

Advances in genetic, personalized medicine, the mass acceptance of health records (EHRs) and digital photography, as well as the growing multiplication of medical IoT and mobile devices have resulted in a massive growth of structured or unstructured healthcare-related data. The healthcare business has always been at the cutting edge of technology adoption for the past two decades, due to the rising need for data analysis. Furthermore, one of the primary elements that complemented the acceptance of powerful computational solutions in the industry was the necessity to hasten drug development and genomics-related research. The use of AI in the medical field to assist healthcare professionals with diagnoses has been a big enabler for the adoption of these technologies in industrial settings.

Innovations in next-generation computing technology

The rise of next-generation computing technologies such as high-performance processing and quantum technology, as well as continuous prospective advances noticed by major sectors, are driving market expansion. For example, industry behemoths like NASA, Lockheed Martin, Goldman Sachs Group, and other government agencies are investing in this technologys research and development. Another example, Google LLC teamed up with NASA and Oak Ridge National Laboratory in October 2019 to create the greatest quantum information service in the world. Sandia National Laboratories will also receive million from the US Department of Energys Innovative Scientific Computing Research Programs.

Market Restraining Factors

Lack of Utilization by SMEs

Many SMEs are unaware of the importance of Next-Generation Computing Market and lack the financial resources to put up such systems. Due to the high investment costs, many SMEs in underdeveloped countries are still hesitant to embrace Next-Generation Computing. Many of them are ignorant of the numerous benefits, such as improved performance and customized delivery. These businesses also lack the skills and know-how required to set up and maintain an Next-Generation Computing system. As a result, lack of awareness amongst SMEs hinders market expansion. Cloud computing, on the other hand, has the potential to increase adoption among SMEs by significantly lower prices.

Type Outlook

Based on Type, the market is segmented into High Performance Computing, Quantum Computing, Energy Efficiency Computing, Memory Based Computing, Approximate & Probabilistic Computing, Brain Type Computing, Optical Computing, Thermodynamic Computing, and Others. The high performance computing segment acquired the highest revenue share in the Next-Generation Computing Market in 2021. Parallel computational and Supercomputers techniques, processing algorithms, and systems are used in high-performance computing to address complicated computational problems. Next-Generation Computing uses a variety of approaches, such as computer modelling, simulation, and analysis, to solve complex computational problems and conduct research while allowing multiple users to access computing resources at the same time.

Component Outlook

Based on Component, the market is segmented into Hardware, Software, and Services. The software segment witnessed a substantial revenue share in the Next-Generation Computing Market in 2021. The implementation of this software improves customer satisfaction in several works for large such as IT & telecommunications, BFSI, and healthcare, maximizing the demand for existing customers while lowering operating costs. This supports the implementation of solutions that are required to properly manage the software.

Offering Outlook

Based on Offering, the market is segmented into On-premise and Cloud. The On-premise segment acquired the maximum revenue share in the Next-Generation Computing Market in 2021. The aspects that can be credited as governments continue to be interested in obtaining sensitive data defense and security and private details of citizens, businesses are worried about the protection of their administrative data. This is due to a variety of benefits provided by the on-premise implementation, including a strong level of data protection and safety. As a result, on-premise infrastructure is preferred over cloud-based technology. In the coming years, such factors are expected to boost the on-premise segments growth.

Organization size Outlook

Based on Organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The small & medium enterprises segment registered a substantial revenue share in the Next-Generation Computing Market in 2021. This is because SMEs are migrating their organizations to a digital platform and implementing next-generation computing solutions, permitting businesses to become more productive, intelligent, and efficient.

End User Outlook

Based on End User, the market is segmented into Government, BFSI & Telecom, Space & Defense, Energy & Power, Chemicals, Healthcare, Academia, and Others. The government segment garnered the highest revenue share in the Next-Generation Computing Market in 2021. The rise of the Next-generation computing is being fueled by governments investing in breakthrough technologies for military and defense, law enforcement, and the Securities and Exchange Commission to detect fraud risk and identify trade infractions. This is due to the government and defense agencies active adoption of cutting-edge IT systems to improve computing efficiency.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America garnered the largest revenue share in the Next-Generation Computing Market in 2021. To increase their regional coverage and reach, regional market sellers have formed new partnerships with other companies. For example, Graph core developed its partner programme to expand its ability to contact new customers and help them scale up using its intelligence processing unit (IPU) products. To increase its presence in the North American market, the company added many new partners to its partner network, including Applied Data Systems and Images ET Technologies, among others.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Next-Generation Computing Market. Companies such as IBM Corporation, Oracle Corporation and Intel Corporation are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Atos Group, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Amazon Web Services, Inc., Microsoft Corporation, Intel Corporation, Oracle Corporation, Google LLC, and Alibaba Group Holding Limited.

Recent strategies deployed in Next-Generation Computing Market

Partnerships, Collaborations and Agreements:

Feb-2022: Hewlett Packard Enterprise joined hands with Ayar Labs, the leader in chip-to-chip optical connectivity. Together, the companies aimed to escort a new era of data centre innovation by growing silicon photonics solutions based on optical I/O technology. Additionally, the modernization of these technologies would support future demands for high-performance computing and artificial intelligence solutions.

Feb-2022: Amazon Web Services came into a partnership with Kyndryl, the information technology infrastructure services provider. Together, the companies aimed to provide separate skills, expertise, and global resources to assist consumers in upgrading enterprises through Industry-based companies cloud services and solutions. Additionally, AWS would provide solutions for Kyndryls top industry consumers across the world, Kyndryl plans to build out its internal architecture in the cloud, using AWS as a prefered cloud supplier.

Jan-2022: Amazon signed a multi-year agreement with Stellantis, a leading global mobility and automaker supplier. Through this agreement, the companies aimed to transform the in-vehicle experience for millions of Stellantis consumers and modernize the mobility industrys transition to a defendable software explained future.

Jan-2022: Oracle Cloud Infrastructure came into a partnership with Syntax, a leading provider of multi-cloud and mission-critical application managed services. Through this partnership, the companies would allow on-premises Oracle E-Business offering consumers to roam or extend their solutions by taking benefits of OCIs low price, better performance, enhanced scalability, and a broad array of platform services.

Jan-2022: Microsoft joined hands with Qualcomm Technologies, an American multinational corporation. Together, the companies aimed to boost the adaptation of augmented reality in both the customers and business sector. Additionally, Qualcomm Technologies is working with Microsoft around various actions to propel the environment, developing custom AR chips to allow a new wave of power-efficient, lightweight AR glasses to provide immersive and rich experiences, and plans to combine software such as Microsoft Mesh and Snapdragon Spaces XR Developer Platform.

Nov-2021: Amazon Web Services formed a partnership with Nasdaq, an online global marketplace for buying and trading securities. Through this partnership, the companies aimed to build the next generation of cloud authorized architecture for the worlds capital markets, helping to boost innovation and enhance enterprise procedures.

Nov-2021: IBM formed a partnership with Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing platforms. Together, the companies aimed to integrate the advantages of IBM Open Data for companies for IBM Cloud Pak for Data and the AWS Cloud to provide energy consumers. Additionally, the solution would run on the AWS Cloud and streamline the capacity for consumers to run work tasks in the AWS cloud and on-premises. Moreover, the companies would collaborate on further advancement of future functionality to offer better flexibility and choice on where to run OSDU applications.

Nov-2021: Google Cloud joined hands with Genesys Telecommunications, a full-service contact centre solution. Together, the companies aimed to create new next-generation AI, data analytics and machine learning applications that would help enterprises provide stronger, more instinctive and active experiences.

Oct-2021: Cisco system extended its partnership with Tata Communications, an Indian telecommunications company. Together, the companies aimed to enhance companies with easy and simple to manage, deploy, and analyse IT infrastructure for providing anytime, anywhere access. Additionally, Cisco Meraki with Tata Communications environment to provide a leading offering of next-generation cloud-managed Wi-Fi services based on the advanced Wi-Fi 6 technology and SD-WAN services around multiple enterprises. Moreover, the integrated expertise assures smooth lifecycle management and advanced consumer experience to the companys stakeholders with greater efficiency, security, and agility.

Jul-2021: Google Cloud entered into a partnership with AT&T, an American multinational conglomerate holding company. Through this partnership, the companies aimed to provide transformative abilities that assist enterprises to propel real value and build industry-changing experiences in healthcare, retail, entertainment, manufacturing, and more, with the capabilities to use Android, Google Maps, augmented reality, Pixel, and virtual reality, and other solutions around Google for more enveloping consumer experiences.

Jun-2021: Google Quantum AI formed a partnership with Boehringer Ingelheim, a world-leading contract manufacturer of biopharmaceuticals. Together, the companies aimed to implement and research cutting-edge use cases for quantum computing in pharmaceutical research and development, particularly molecular dynamics simulations.

Mar-2021: Intel teamed up with IBM, an American multinational technology corporation. Through this collaboration, the companies aimed to boost semiconductor production innovation across the environment, improve the challenges of the U.S. semiconductor enterprise and support key U.S. government actions.

Product Launches and Product Expansions:

Apr-2022: IBM introduced IBM z16, the first integrated on-chip AI accelerator. The chip provides latency advanced assumptions designed to allow consumers to analyze real-time transactions at scale on crucial applications. Additionally, IBM z16 is developed to protect consumers from harvest now, and decrypt later attacks with the companys first quantum-secure system.

Feb-2022: Atos introduced the BullSequana XH3000, a new exascale-class supercomputer. The hybrid computing platform provides incomparable flexibility and performance to allow top researchers and scientists to advance research in sectors including weather forecasting and climate change, genomics, and new drug discovery. Additionally, BullSequana XH3000 are manufactured and designed in Europe at its factory in Angers, France, this is Atos most powerful and organized supercomputer and a crucial element in securing digital and economic jurisdiction.

Nov-2021: Oracle introduced Oracle Cloud Infrastructure AI services. The AI provides a compilation of services that make it accessible for developers to apply AI services to applications without demanding data science expertise.

Oct-2021: Intel introduced the 12th Gen Intel Core family, along with Intel Core i9-12900K. The new processor provides a new performance hybrid infrastructure that provides leaps in multi-threaded performance, allowing up to 2 times quick content creation compared to prior generation2.

Sep-2021: Oracle introduced Oracle Exadata X9M platforms, the industrys fastest and most affordable systems. The Exadata X9M portfolio provides Oracle Exadata Database Machine X9M and Exadata Cloud@Customer X9M, the only platform that runs Oracle Autonomous Database in consumer data centres.

May-2021: IBM introduced a 2-nanometer nanosheet technology semiconductor. This chip plays a crucial role in everything from computing to communication devices, to appliances, transportation structure, and crucial infrastructure.

May-2021: Google introduced Tensor Processing Units AI chips. The next-generation custom chip offers the fourth generation of chips which provides twice as fast as the last variant.

Mar-2021: Cisco introduced a new offering of networking systems. The suite offers three core elements such as full-stack visibility of network applications, expanded secure access service edge architecture, and new network-as-a-service solutions developed to provide modest IT and flexible accession for consumers looking for quick speed, scale, and agility. Additionally, the portfolio is designed to allow consumers to build the infrastructure for enterprise in the new world defined by the Covid-19 pandemic.

Acquisitions and Mergers:

Mar-2022: Google signed an agreement to acquire Mandiant, a publicly traded American cybersecurity firm. This acquisition of Mandiant would achieve Google Clouds existing strengths in security. Additionally, Google Cloud provide consumers with a robust set of services including advanced abilities such as BeyondCorp Enterprise for Zero Trust and VirusTotal for malevolent content and software susceptibility.

Feb-2022: Intel Corporation took over Tower Semiconductor, a leading foundry for analogue semiconductor solutions. This acquisition would advance Intels IDM 2.0 strategy as the enterprise further expands its production abilities, global footprint and technology offering to address extraordinary industry requirements.

Oct-2021: Atos took over DataSentics, a technology consultancy specialising in data science. Through this acquisition, Atos would improve its AI/ML and Computer Vision offering with new AI-intensive products and data science abilities and welcome highly-skilled professionals of approximately 100 AI/ML engineers and data scientists.

Nov-2020: IBM completed the acquisition of Instana, a leading enterprise application and observability performance monitoring platform. This acquisition aimed to help enterprises to better control the problems of advanced applications that span the hybrid cloud landscape.

Mar-2020: Microsoft completed the acquisition with Affirmed Networks, a cloud-native networking solutions for telecom operators. Under this acquisition, the company aimed to target wide cloud suppliers looking to get intensity into the telco enterprise.

Scope of the Study

Market Segments covered in the Report:

By Type

High Performance Computing

Quantum Computing

Energy Efficiency Computing

Memory Based Computing

Approximate & Probabilistic Computing

Brain Type Computing

Optical Computing

Thermodynamic Computing

Others

By Component

Hardware

Software

Services

By Offering

On-premise

Cloud

By Organization size

Large Enterprises

Small & Medium Enterprises

By End User

Government

BFSI & Telecom

Space & Defense

Energy & Power

Chemicals

Healthcare

Academia

Others

By Geography

North America

o US

o Canada

o Mexico

o Rest of North America

Europe

o Germany

o UK

o France

o Russia

o Spain

Excerpt from:

Global Next Generation Computing Market Size, Share & Industry Trends Analysis Report By Type, By Component, By Offering, By Organization Size, By...

The value of something is simply what others are willing to pay for it. Value stocks represent cash-generating assets that grow slowly over time, while growth stocks promise rapid growth into the future. Lately, the value of future growth has been falling. With interest rates rising, the value of a dollar today is becoming more valuable than a dollar promised tomorrow. When it comes to growth stocks, we can categorize them as follows:

The second bullet point represents companies we dont consider investable. In that category we would place the latest quantum computing company to go public, Rigetti Computing (RGTI), which is now publicly traded following their successful merger with a special purpose acquisition company (SPAC) called Supernova Partners Acquisition Company II.

The last time we looked at Rigetti was in a piece titled Rigetti Computing Stock: A Pure-Play on Quantum Computing in which we noted 2021 revenues coming in at $5.54 million. Its a start, but theyll need to clear $10 million per annum before we would consider revenues meaningful, and were told thats expected to happen this year with 2022 revenues estimated at $18 million. But theyre not off to a good start with Q1-2022 revenues of just $2.1 million, down from $2.36 million in the year prior. The company attributed the drop in revenues to contract timing, something that will continue to result in lumpy quarterly revenues as they expect to continue generating the majority of revenues from development contracts over at least the next several years.

To make revenues even more unpredictable, theres customer concentration risk 83% of Q1-2022 revenues came from three customers (Q1-2021 saw 81% of revenues from two customers).

Like Palantir, Rigetti derives a significant amount of revenue from contracts with U.S.and foreign governments and government agencies. Around 60% of 2021 revenues were from governments with the number reaching 76% in Q1-2022.

The SPAC Rigetti merged with charged a healthy 14.44% in fees, leaving the company with $225.6 million in proceeds, a disappointing number because they were expecting over twice that amount. As of Q1-2022, Rigetti was holding around $206 million cash with debt of $32 million. If theyre burning about $10 million per quarter, then their runway is a healthy five years. And with their timelines slipping, theyll need all the runway they can get.

The companys pessimism around achieving quantum greatness is pervasive throughout the latest 10-Q. Because of inflation, labor shortages, supply conditions, and what they perceived as a lackluster SPAC offering, the companys milestones have slipped. Rigetti now plans to introduce a 1,000+ qubit system in late 2025 and 4,000+ qubit system in or after 2027. We dont know how that impacts the glossy SPAC deck projections of $288 million in revenues by 2025, and the accompanying profitability, but you can be sure theyll be burning through lots of R&D cash to bring these systems to market.

And if history repeats itself, then dont hold your breath. From the horses mouth:

We have in the past failed to meet publicly announced milestones and may fail to meet projected technological milestones in the future. For example, in 2018, we announced that we planned to build and deploy a128-qubitsystem over the subsequent twelve months, but have not to date built a128-qubitsystem.

At least they admit their inability to execute. This weak vote of confidence from management, coupled with revenue concentration risk, a heavy reliance on government contracts, and a lack of meaningful revenues, means this is a quantum computing stock we wouldnt consider investing in at any price.

Many investors who come sniffing around for ways to invest in quantum computing assume theres a winner-takes-all scenario at the end of the rainbow. There are several things quantum computing investors need to consider:

The two pure-play quantum stocks right now IonQ and Rigetti dont have meaningful revenues that demonstrate sufficient traction. Regardless of which companies, if any, achieve quantum supremacy, it all comes down to building something customers are willing to pay for beyond just kicking the tires. We wouldnt buy any quantum computing stock, at any price, unless they manage to clear $10 million in non-related party revenues per year.

Quantum computing isnt an easy thesis for retail investors to access with just two publicly traded quantum computing stocks on offer IonQ and Rigetti. As for the former, they just announced revenue growth from related party transactions, something we warned subscribers about. Then theres D-Wave, a company that hasnt completed their SPAC yet, and which doesnt appear very promising even if they do. The next time we look at a quantum computing stock will be if theres a new entrant, or if any of these three quantum computing OGs manage to hit that magical $10 million per year revenue watermark.

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Rigetti Computing Stock: A Risky Bet on Quantum Computing

DURHAM Researchers at Duke University and the University of Maryland have used the frequency of measurements on a quantum computer to get a glimpse into the quantum phenomena of phase changes something analogous to water turning to steam.

By measuring the number of operations that can be implemented on a quantum computing system without triggering the collapse of its quantum state, the researchers gained insight into how other systems both natural and computational meet their tipping points between phases. The results also provide guidance for computer scientists working to implement quantum error correction that will eventually enable quantum computers to achieve their full potential.

The results appeared online June 3 in the journal Nature Physics.

When heating water to a boil, the movement of molecules evolves as the temperature changes until it hits a critical point when it starts to turn to steam. In a similar fashion, a quantum computing system can be increasingly manipulated in discrete time steps until its quantum state collapses into a single solution.

There are deep connections between phases of matter and quantum theory, which is whats so fascinating about it, saidCrystal Noel, assistant professor of electrical and computer engineering and physics at Duke. The quantum computing system is behaving in the same way as quantum systems found in nature like liquid changing to steam even though its digital.

Quantum breakthrough? Duke, IonQ invent means to accelerate key quantum techniques

The power of quantum computers lies within their qubits ability to be some combination of both a 1 and 0 at the same time, with an exponential growth of system complexity as more qubits are added. This allows them to tackle a problem with massive parallelism, like trying to fit a puzzles pieces together all at once rather than one at a time. The qubits, however, have to be able to maintain their quantum indecisiveness until a solution is reached.

One of the many challenges this presents is in error correction. Some of the qubits will inevitably lose a piece of information, and the system must be able to discover and fix these mistakes. But because quantum systems lose their quantumness when measured, keeping an eye out for errors is a tricky task. Even withextra qubits keeping an eye on things, the more a quantum algorithm is probed for errors, the more likely it is to fail.

Like water molecules on the verge of becoming steam, theres a threshold of measurements a quantum computer can withstand before it loses its quantum information, Noel said. And that number of measurements is an analogy for how many errors the computer can withstand and still function correctly.

In the new paper, Noel and her colleagues probe that transition threshold and the systems state on either side.

Duke Quantum Center officially opens, offering a look at computings future

Working closely withChristopher Monroe, the Gilhuly Family Presidential Distinguished Professor of Engineering and Physics at Duke,Marko Cetina, assistant professor of physics at Duke, and Michael Gullans and Alexey Gorshkov at the University of Maryland and the National Institute of Standards and Technology, the group co-designed software to run random quantum circuits tailored to their quantum systems abilities. The experiment was run on one of theDuke Quantum Centersion trap quantum computersone of the most powerful quantum computing systems in the world.

The number of qubits in the system, the fidelity of its operations and the level of system automation combined together at the same time is unique to this quantum computer system, Noel said. Other systems have been able to achieve each individually, but never all three at the same time in an academic system. Thats what allowed us to run these experiments.

By averaging over many random circuits, the team was able to see how the frequency of measurement affected the qubits. As predicted, a critical point emerged at which the system inevitably lost its coherence and quantum information, and by looking at how the system behaved on either side of that phase transition, researchers will be able to build better approaches to error-correction codes in the future.

The data also provides a unique look into how other phase changes occur in nature that researchers have never been able to see before.

This demonstration is a perfect example of what we do uniquely at the Duke Quantum Center, Monroe said. While our quantum computers are made of atoms that are under exquisite control with electromagnetic traps, lasers and optics, we can deploy these systems to do something altogether different, in this case probing the underlying quantum nature of phase transitions. This same quantum computer can also be applied to solving vexing models in fields ranging from chemical reactions, DNA sequencing, and astrophysics. This requires expertise not just in atomic physics, but in systems engineering, computer science and whatever field defines the application to be run.

Quantum computing momentum builds, especially at Duke, Honeywell

+++

Duke University, Pratt School of Engineering

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Quantum computing researchers at Duke observe 'tipping point' - WRAL TechWire

Many large tech companies have already invested heavily in quantum technologies, yet significant adoption of quantum computing has had its share of delays and false starts. However, with some recent announcements in the quantum sector, now seems to be the ideal time for organizations to take a closer look at quantum and consider how this approach could work for their business workloads. Organizations that have been historically focused on classical computing are now positioning quantum for the future.

In an ESG IT spending survey, 11% of respondents indicated their organizations were piloting quantum for a few applications, 17% indicated they are testing and 24% of respondents have begun research but are years away from production apps. Finally, 27% have expressed an interest in quantum computing but have not taken any action toward embracing it.

This slow growth in adoption is about to change -- and possibly quickly. As leading organizations explore new ways to produce faster results, accelerate buying cycles and improve performance, they have become more open to shifting away from purely classical solutions to accelerate adoption of quantum.

The industry is also discovering new methods and use cases that can be applied from classical to quantum computing platforms. Take, for example, the recent merger between Quantum Computing Inc. (QCI) and QPhoton, a quantum photonics company. Bill McGann, COO and CTO at QCI, discussed the merger.

Based on the information he shared, it seems that the combination of QCI and QPhoton capabilities can deliver a quantum computer that makes quantum systems more accessible for organizations, so they can see business results faster and more cost effectively. Another benefit of this merger is that the companies are broadening the user base to non-quantum experts, many of whom have been anxiously awaiting the opportunity to explore quantum-possible problems in areas like analytical optimization and drug discovery.

Using a full-stack approach, QCI and QPhoton together offer a unique opportunity to accelerate the delivery of practical quantum applications. This is the same process that drove value in classical computing. The merger of the two companies extends the QCI portfolio to help accelerate the accessibility of quantum computing for today's use cases, such as AI and optimization. This also enables quantum computing to operate at room temperatures, which is often a challenge with this type of computing.

When it comes to the finance use case, one way to understand how to pivot from classical to quantum computing is to think through how algorithms work.

For example, take a traditional investor model. With a financial algorithm, you must understand and look at predefined user parameters, such as investment goals, risk tolerances and diversity of funds. In this scenario, the investor wants to understand the user's investment preferences and risk tolerances. This data is "parameterized" -- meaning variables are created and passed on to the quantum computing model, which could use an artificial intelligence model employed by the quantum-compliant Monte Carlo algorithm or other techniques to process the investor's instructions, analyze the global asset-universe stochastic data and produce corresponding investor-inquiry output results.

Another emerging focus or concept coming out of the investor model is enabling users to autonomously process and analyze stochastic financial asset data. An interface -- proprietary or not -- could enable users to provide predefined input parameters representing their investment preferences and risk-tolerance levels, and then produce independent customized solutions for each user.

Depending on the type of user inquiry or request for analysis, a version of AI -- such as autonomous dispersion analytics or autonomous diversification and allocation machine learning -- could deploy to process the instructions and analyze asset stochastic data. This process would be very difficult to achieve in classical computing environments.

As IBM chief quantum exponent Robert Sutor explained in a blog post from last July, "Quantum computers will solve some problems that are completely impractical for classical computers." This indicates that organizations plan to adopt quantum into their existing environments.

"[QCI is committed to be the] democratizing force that empowers non-quantum experts to realize quantum value," said Robert Liscouski, CEO of QCI. The recent acquisition of QPhoton accelerates this ease-of-use approach.

Here are some thoughts to consider:

Although it is still early days for quantum computing, vendors in this area -- such as HPE, Dell and IBM -- are seeing some interesting use cases, and they are exploring them with partners and customers. If they can couple quantum computers with HPC systems, hey believe quantum computers can accelerate certain workloads. In this model, quantum computing can become an accelerator attached to a standard HPC system.

So, who in corporate IT is buying quantum solutions? According to quantum companies, data scientists in education, scientist labs and researchers are the primary users, while common buyers include airline businesses, financial institutions and academia. The conversations focus on the top five applications for initial quantum, which include but are not limited to the following targeted sectors: optimization, research, crypto, finance, materials science and healthcare.

Microsoft is making headway with Azure Quantum without a huge investment of hardware. These emulators also have a consortium of companies backing them. QCI, Honeywell, Toshiba, IonQ and iCloud are vendors that discussed their approach, using Azure to achieve their goals.

Google Quantum AI is mostly based on a simulator, but its progress has slowed down since its initial launch in 2019. The Sycamore computer shows potential but is still in its early stage. Amazon Web Services has a quantum computing center focused on R&D, testing and operating quantum processors to innovate and scale tech to support new, large-scale initiatives.

Quantum defines its growth by three horizons:

The promise of the quantum computer has been coming for a long time -- and the concept is now becoming a reality. The use of scaling of qubits in real-world environments is showing real potential.

According to Investopedia, "Quantum computing is an area of computing focused on developing computer technology based on the principles of quantum theory (which explains the behavior of energy and material on the atomic and subatomic levels)." When we look at today's computers, they are designed to encode information in bits that use values of 1 or 0, therefore restricting their ability to achieve this next level of processing. Quantum is a completely new way of computing that differs significantly from what we do today on traditional classical systems.

There are many companies trying to get in front of this "wave" because quantum processing is incredibly fast. Solving today's problems would be completed in a fraction of time. However, not all use cases work with quantum. The traditional systems coexist with quantum systems now and will continue to do so in the future.

ESG is a division of TechTarget.

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What's the current state of quantum computing? - TechTarget

A quantum computer in a vibration-free building. Quantum computing will ultimately speed up the computational power that drives many industries and could affect everything from drug discovery to how data is secured.

Oliver Berg | Picture Alliance | Getty Images

Quantum computing was already gathering pace in Japan and elsewhere in Asia when the University of Tokyo and IBM launched their new quantum computer last year.

The computer was the second such system built outside the United States by IBM the latest in a string of key moves in quantum research.

The university and IBM have led the Quantum Innovation Initiative Consortium alongside heavyweights of Japanese industry like Toyota and Sony all with a view to nailing the quantum question.

Quantum computing refers to the use of quantum mechanics to run calculations. Quantum computing can run multiple processes at once by using quantum bits, unlike binary bits which power traditional computing.

The new technology will ultimately speed up the computational power that drives many industries and could affect everything from drug discovery to how data is secured. Several countries are racing to get quantum computers fully operational.

Christopher Savoie, CEO of quantum computing firm Zapata, who spent much of his career in Japan, said technological development has been very U.S.-centric. But now, Asian nations don't want to be left behind on quantum computing, he added.

"Nation states like India, Japan and China are very much interested in not being the only folks without a capability there. They don't want to see the kind of hegemony that's arisen where the large cloud aggregators by and large are only US companies," Savoie said, referring to the likes of Amazon Web Services and Microsoft Azure.

China, for example, has committed a great deal of brainpower to the quantum race. Researchers have touted breakthroughs and debates are simmering over whether China has surpassed the U.S. on some fronts.

India, for its part, announced plans earlier this year to invest $1 billion in a five-year plan to develop a quantum computer in the country.

James Sanders, an analyst at S&P Global Market Intelligence, told CNBC that governments around the world have been taking more interest in quantum computing in recent years.

In March, Sanders published a report that found governments have pledged around $4.2 billion to support quantum research. Some notable examples include South Korea's $40 million investment in the field and Singapore's Ministry of Education's funding of a research center, The Center for Quantum Technologies.

All of these efforts have a long lens on the future. And for some, the benefits of quantum can seem nebulous.

According to Sanders, the benefits of quantum computing aren't going to be immediately evident for everyday consumers.

What is likely to happen is that quantum computers will wind up utilized in designing products that consumers eventually buy.

James Sanders

analyst, S&P Global Market Intelligence

"On a bad day, I'm talking people down from the idea of quantum cell phones. That's not realistic, that's not going to be a thing," he said.

"What is likely to happen is that quantum computers will wind up utilized in designing products that consumers eventually buy."

There are two major areas where quantum's breakthrough will be felt industry and defense.

A staff member of tech company Q.ant puts a chip for quantum computing in a test station in Stuttgart, Germany, on Sept. 14, 2021. It's expected that the power of quantum computing will be able to decrypt RSA encryption, one of the most common encryption methods for securing data.

Thomas Kienzle | Afp | Getty Images

"Areas where you have HPC [high-performance computing] are areas where we will be seeing quantum computers having an impact. It's things like material simulation, aerodynamic simulation, these kinds of things, very high, difficult computational problems, and then machine learning artificial intelligence," Savoie said.

In pharmaceuticals, traditional systems for calculating the behavior of drug molecules can be time-consuming. The speed of quantum computing could rapidly increase these processes around drug discovery and, ultimately, the timeline for drugs coming to market.

On the flip side, quantum could present security challenges. As computing power advances, so too does the risk to existing security methods.

"The longer-term [motivation] but the one that that everyone recognizes as an existential threat, both offensively and defensively, is the cryptography area. RSA will be eventually compromised by this," Savoie added.

RSA refers to one of the most common encryption methods for securing data, developed in 1977, that could be upended by quantum's speed. It is named after its inventors Ron Rivest, Adi Shamir and Leonard Adleman.

You're seeing a lot of interest from governments and communities that don't want to be the last people on the block to have that technology because [other nations] will be able to decrypt our messages.

Christopher Savoie

CEO of Zapata

"You're seeing a lot of interest from governments and communities that don't want to be the last people on the block to have that technology because [other nations] will be able to decrypt our messages," Savoie said.

Magda Lilia Chelly, chief information security officer at Singaporean cybersecurity firm Responsible Cyber, told CNBC that there needs to be a twin track of encryption and quantum research and development so that security isn't outpaced.

"Some experts believe that quantum computers will eventually be able to break all forms of encryption, while others believe that new and more sophisticated forms of encryption will be developed that cannot be broken by quantum computers," Chelly said.

A quantum processor on a prototype of a quantum computer. There needs to be a twin track of encryption and quantum research and development so that security isn't outpaced, said Magda Lilia Chelly, chief information security officer at Singaporean cybersecurity firm Responsible Cyber.

Julian Stratenschulte/dpa | Picture Alliance | Getty Images

"In particular, [researchers] have been looking at ways to use quantum computers to factor large numbers quickly. This is important because many of the modern encryption schemes used today rely on the fact that it is very difficult to factor large numbers," she added.

If successful, this would make it possible to break most current encryption schemes, making it possible to unlock messages that are encrypted.

Sanders said the development and eventual commercialization of quantum computing will not be a straight line.

Issues like the threat to encryption can garner attention from governments, but research and breakthroughs, as well as mainstream interest, can be "stop-start," he said.

Progress can also be affected by fluctuating interest of private investors as quantum computing won't deliver a quick return on investment.

"There are a lot of situations in this industry where you might have a lead for a week and then another company will come out with another type of the advancement and then everything will go quiet for a little bit."

Another looming challenge for quantum research is finding the right talent with specific skills for this research.

"Quantum scientists that can do quantum computing don't grow on trees," Savoie said, adding that cross-border collaboration is necessary in the face of competing government interests.

"Talent is global. People don't get to choose what country they're born in or what nationality they have."

See more here:

The race toward a new computing technology is heating up and Asia is jumping on the trend - CNBC