Edge devices improve drilling efficiency for energy company

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Moving compute and storage resources to edge locations can reduce latency and bandwidth needs, improve performance and save money. At the same time, widespread edge computing deployments can introduce significant management challenges. Servers can be hard enough to maintain when they’re in an on-prem data center. What if they’re deployed in the middle of nowhere?Energy companies know all too well the challenges of remote computing.“When we drill a well, it’s always in the middle of nowhere,” says Dingzhou Cao, senior advisor for data science at independent shale producer Devon Energy, a Fortune 500 company based in Oklahoma City, Okla.Sending a massive stream of data back to a central location isn’t always feasible, but the company still wants to know what happens at its sites. “We always have a bad connection to the Internet,” he...

‘Passing of torch’ in quantum computing race as Toronto’s Xanadu raises $100-million from Bessemer, CIA, Jeff Skoll

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Christian Weedbrook, founder of the quantum technologies company, Xanadu, listens in as Varun Vaidya, left, discusses the working principle of one of the building blocks of quantum computers, at their office in Toronto on June 20, 2019. Tijana Martin/The Globe and Mail Toronto startup Xanadu Quantum Technologies Inc. has raised US$100-million led by U.S. venture capital giant Bessemer Venture Partners as competition intensifies to bring quantum computers to market. The financing, first reported by The Globe and Mail this month, is also backed by Canadian billionaire Jeff Skoll’s Capricorn Investment Group and U.S. investment giant Tiger Global and past investors Georgian, OMERS Ventures and U.S. venture capitalist Tim Draper. The funding values Xanadu at US$400-million post-transaction. Notably, BDC Capital and In-Q-Tel, the U.S. Central...

Heterogeneous Mobile Processing and Computing Market Latest Report: Top Company Profiles, CAGR, Production and Sales Estimations and Forecast 2027 – KSU

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The professional intelligence study on Global Heterogeneous Mobile Processing and Computing Market is a holistic assessment of numerous micro- and macro- economic elements modeling the market dynamics during the forecast period of 2021 to 2027. Through rigorous primary and secondary research approaches, the research analysts present a comprehensive snapshot of the current status of Global Heterogeneous Mobile Processing and Computing Market. Significant trends and developments in the Global Heterogeneous Mobile Processing and Computing Market have been evaluated in this report to analyze their influence on market scenario. The research report also presents meticulous evidence about various motivators and barriers in Heterogeneous Mobile Processing and Computing Market to evaluate their impact on demand dynamics during forecast period. Major...

Quantum computing company D-Wave Systems secures $40M in government funding

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Burnaby, B.C.-based D-Wave Systems is getting $40 million from the federal government to help advance its efforts in the development of quantum computing. The funding comes from Ottawa’s Strategic Innovation Fund to support a $120 million project to advance D-Wave’s hardware and software. François-Philippe Champagne, Minister of Innovation, Science and Industry, speaks with the media during a virtual briefing March 11. “Quantum will help us quickly solve problems that would have otherwise taken decades,” said François-Philippe Champagne, Minister of Innovation, Science and Industry, told reporters during a virtual press briefing for the announcement. In a separate release, he added that the funding will “will help place Canada at the forefront of quantum technology development, and will create new jobs and opportunities to help...

Duke Technology Powers First Pure-Play Quantum Computing Company to Wall Street

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Born from a 15-year-long collaboration between Duke University faculty members in engineering and physics, IonQ will become the first publicly traded company focused solely on quantum computing. The company on March 8 announced it had entered into a merger agreement with dMY Technology Group, Inc. III (NYSE: DMYI.U), a publicly traded special purpose acquisition company (“dMY III”). Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol “IONQ.” Pro forma implied market capitalization of the combined company is approximately $2 billion. The company, founded on a promising approach to quantum computing that uses trapped ions to store and manipulate data, has a licensing agreement to translate Duke innovations into IonQ technology. Its founders believe this translation will only accelerate with the newly...

Chinese Company Launches Origin Pilot (OS) for Quantum Computing

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Origin Quantum Computing Technology (Origin Tech), based in China, this week launched what’s being called China’s first home-grown operating system for quantum computers. The OS – Origin Pilot – has the potential to improve QC performance efficiency by several-fold according to the company. Origin Tech is closely aligned with the Key Laboratory of Quantum Information under the Chinese Academy of Sciences. Origin Tech co-founders Guang-can Guo and Guo-ping Guo are also director and deputy director, respectively, of the Key Laboratory. According the company profile (on its website), “[Origin Tech] is Chinese leading enterprise of Quantum Computing and has developed subsidiaries in Beijing, Shanghai, Chengdu and Shenzhen City. Taking the Key Laboratory of Quantum Information of the USTC and CAS as the technology base, Origin Quantum is...

Vertex Acquires Edge Computing Company Tellutax to Extend

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KING OF PRUSSIA, Pa., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, announced that it has acquired Tellutax, a Portland-based edge computing technology startup. Financial terms of the transaction were not disclosed. Tellutax designs edge-based technology utilizing a container architecture, which enables customers to deliver tax solutions seamlessly at the point of need with increased scalability and simplified management. “We believe Tellutax edge technology will extend our leadership in the enterprise market and accelerate our ecosystem expansion into next generation payment and IoT platforms,” said Vertex president and CEO David DeStefano. “This acquisition furthers our technology roadmap and hybrid cloud strategy, enabling us to...

Preparing Your Company for Quantum Computing

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PHOTO: Jose Antonio Gallego Vázquez Businesses continue to navigate uncharted territory as the unpredictability of 2020 lingers. A growing number of problems have emerged during the crisis which require a major breakthrough to resolve. New market dynamics are continuously demanding new responses, with technologies like artificial intelligence (AI), cognitive automation and machine learning rising to the challenge. This new world poses a challenge for how businesses can move into the future — a future that demands sustainability and resiliency driven by solutions to address global health, financial risk, climate change, supply chain logistics, drug research and development, the fight against terrorism and cybersecurity. All of this requires a different approach that can factor in multiple dimensions and stretch the limits of existing...