Quantum News Briefs July 18: Quantum computing to reshape AI, NIST algorithms to save us from quantum crime, QCI’s Risk/Reward, and MORE
Quantum News Briefs opens today with a discussion of the advances promised from coalescence of quantum computing and AI followed by an interview discussing the future quantum threats that are being thwarted by NIST, STEMS & IBM. A Seeking Alpha essay on QCI’s risk/reward profile is next with even MORE coverage.
Quantum Computing Advances Hold Promise of Reshaping AI
Jans Aasman, Ph.D. psychologist, expert in Cognitive Science and CEO of Franz Inc.,wrote recently in Venture Beat that “The advance of quantum computing has the promise of reshaping artificial intelligence (AI) as it’s known and deployed today. This development is drastically expanding AI’s enterprise and commercial outreach, perhaps even getting closer to artificial general intelligence. And there is another promise of convergence of quantum computing, AI, and programming languages into a single computational environment.”
Aasman goes on to write, “Potential effects of this coalescence of capabilities are nothing short of formidable. Deep learning applications will run much faster. The problems they solve will reach a complexity defying that of traditional approaches to advanced machine learning. Statistical and symbolic AI will run in tandem, while verticals from energy production to finance reap the benefits.”
IBM, NIST & STEMS Plan to Save Us from the Coming Quantum Crime Spree
Tristan Green recently interviewed Scott Crowder, vice president of IBM Quantum, to get a feel for the significance of the NIST announcement for the first round of winners in its six-year-long competition to determine which algorithms will protect our data from the threat of quantum decryption.and to try and understand the scope of the problem. Three of the four winning entries were designed in tandem with IBM. The person who wrote the fourth has since been hired by Big Blue.
The global population faces two imminent risks: 1) Bad actors will eventually have access to technology that will allow extremely smart criminals to break our current world-wide encryption. 2) “Hackers” have been stealing encrypted data for decades and storing it for later use in what’s called a “store now, decrypt later” (SNDL) attack.
Green wrote that he went into the interview believing the real threat was that some evil genius might somehow gain access to a powerful futuristic quantum computer and use it to hack the world’s banks and trains and whatnot. And he wasn’t too far off except for the hardware part. Crowder explained that this is less a case of computer versus computer and more a case of solving the problem before the theoretical mathematics required to break the current encryption standard are no longer theoretical. NIST, IBM, and the STEM geniuses responsible for our new standards of protection are pioneering our vanguard defense against the coming quantumpocalypse. Read complete interview here on Neural.
Analyst Writing for Seeking Alpha Says “QCI Presents Attractive Risk/Reward Profile”
An analyst with the pseudonym Logical Insight has a lengthy assessment and recommendation for Quantum Computing, Inc. (QC) QUBIT in Seeking Alpha.
The author writes, “We believe QCI’s unique and nimble business model is meaningfully more derisked than its peers and presents a significantly more attractive risk/reward profile that investors should consider.
QCI’s flagship product is Qatalyst, a “quantum application accelerator” that is being applied in highly competitive markets such as retail, finance, supply chain, healthcare and more.
QCI has secured strategic partnerships with Amazon Web Services (AMZN), Splunk (SPLK), IPQ Analytics (pharma), Meraglim (risk analysis), and many other industry leaders.
The analyst believes QCI’s unique and nimble business model is meaningfully more derisked than its peers and presents a significantly more attractive risk/reward profile that investors should consider.
QCI is a rapidly emerging standout, thanks to its unique approach that has insulated it from much of the development risk and financing risk exhibited by most of its peers. In consideration of its derisked nature, recent successes, and substantially discounted valuation, we believe QCI has the greatest risk/reward ratio available in any publicly traded quantum computing company today.
Needless to say, QCI is an early-stage company, operating in an early-developing market. So all the usual risks are doubly amplified here, and a lot can go wrong.
NOTE: Quantum Tech Briefs has reported here the comments by the unnamed Logical Insight.
CERN Welcomes INFN and IIT as New Members of Its IBM Quantum Network Hub
Two European research institutes – INFN (Istituto Nazionale di Fisica Nucleare) and IIT (Italian Institute of Technology) – have recently signed an agreement to become the latest members of CERN’s hub in the IBM Quantum Network. The move will see both institutes working closely with CERN to help investigate the full potential of the nascent quantum computing technology, sharing access to IBM’s fleet of more than 20 quantum computers accessible on the cloud.
The announcement explains: The next generation of computing technology holds great promise for supporting scientific research. Quantum computers may offer the necessary tools to perform more complicated computing tasks than ever and search for more deeply hidden patterns, thus helping to produce technical breakthroughs and advance scientific understanding of the universe. Having members like INFN and IIT joining the hub will help CERN – through its Quantum Technology Initiative (QTI) – to drive investigations into how quantum technologies can support the LHC research community, as well as other scientific fields.
Israel Has Announced a $29 Million R&D Center for Quantum Computing
Israel is setting up the world’s first research and development center of its kind for quantum computing according to the NoCamels publication.It will provide industry and academia in Israel with access to a full stack quantum computer – capable of operating millions of times faster than ordinary computers – to run direct computations with a future option for cloud accessibility.
Total budget for the project is NIS100 million ($29 million), which will be covered by the Israel Innovation Authority over a three-year period. It said it had selected Quantum Machines, which creates hardware and software solution for the control and operation of quantum computers, to establish the center.
The center will focus on all layers of hardware and software on three different quantum processing technologies (superconducting qubits, cold ions and optic computer).
Dr. Ami Appelbaum, Chairman of the Israel Innovation Authority, said: “The center will provide services in response to technological needs that will enable Israeli industry and academia to access R&D infrastructure that will advance existing technological innovation in the industry by leaps and bounds.