Ally partners with Microsoft Azure to prepare quantum computing-ready workforce

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US fintech Ally Financial will collaborate with Microsoft on Azure Quantum solutions to develop quantum computing skills and explore how new algorithms and future quantum hardware could improve customer experience. With claims that the industry is reaching the limits of classical computing, quantum computing has become an attractive proposition. A quantum computer can perform calculations based on the probability of an object's state before it is measured - instead of just 1s or 0s and process more data compared to their traditional counterparts. Ally is collaborating with Microsoft as part of its Enterprise Acceleration Program (EAP) to resolve optimisation issues, as well as utilise available, rich data to support financial services professionals make better decisions, learn why a customer may contact a...

LG Electronics to Develop Quantum Computing Tech with Dutch Firm

LG Electronics to Develop Quantum Computing Tech with Dutch Firm
(image: Korea Bizwire) SEOUL, April 15 (Korea Bizwire) — LG Electronics Inc. said Thursday it has formed ties with Dutch quantum algorithm developer Qu & Co to conduct joint research on quantum computing technology in a move to boost competitiveness in future technologies. Under the research agreement, the two companies will develop quantum computing technology for multiphysic simulations over the next three years. Multiphysics refer to systems that involve simultaneously occurring multiple physical phenomena. Multiphysics simulations are used to analyze and verify such systems. LG said current computers are limited in analyzing complex systems, and expects the substantially faster quantum computing technology to process them and help resolve industrial problems that account for multiple physical phenomena. LG said it expects quantum...

IBM Stole IP For Cloud Computing Tech, Ex-Worker Says

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Law360 (March 24, 2021, 6:48 PM EDT) -- IBM stole trade secrets and intellectual property from one of its former employees after he secured multimillion-dollar contracts for IBM with financial institutions, before firing him and using his technology to drive its cloud computing business, according to a lawsuit filed this week in Manhattan federal court.Gerald Hayden, a veteran of the banking and finance industries who has worked for giants like Cisco, Blackberry and JPMorgan Chase and has technological experience, developed a business methodology called Awareness to Execution, or A2E, that lets clients integrate workflows across multiple departments and allows computing systems to make decisions based on real-time customer... Stay ahead of the curve In the legal profession, information is the key to success. You have to know...

IoT and Edge Computing Tech Make Smart Buildings Healthier for the Return of Office Workers

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NEW YORK, March 16, 2021 /PRNewswire/ -- Veea Inc., a pioneer in smart edge connectivity and computing, announced a collaboration with Innovatus Capital Partners and Wynd Technologies Inc. to offer an Air Quality Monitoring (AQM) Solution for commercial office buildings. The initial deployment is in operation at the Innovatus Highland Ridge office park in Nashville, TN managed by Lincoln Property Company, and demonstrates continued Innovatus commitment to improving the environmental quality of office workspaces. This is crucial in building the confidence that tenants and their staffs require to confidently return to pre-COVID utilization and occupancy levels. "We are focused on supporting operational and environmental wellness in the facilities we manage. Clean air and clean, secure technology are core ingredients of this initiative" said...

D-Wave receives $40 million from federal government for quantum computing tech

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Burnaby, BC-based D-Wave Systems has secured $40 million from the Government of Canada to support its quantum computing systems and software. The funding is set to be announced Thursday afternoon by the recently appointed Minister of Innovation, François-Philippe Champagne. The $40 million in government funding comes in the form of Strategic Innovation Fund (SIF) financing. It will support a $120 million project D-Wave is working on to develop quantum computer hardware and software systems. The goal behind the government capital and project is to ensure Canada “remains at the forefront of quantum technology development” and help D-Wave prove the advantage of quantum technology over classical computers. The project has also received assistance from the Sustainable Development Technologies Canada program and the Government of British Columbia,...

AI, IoT and quantum computing: CES 2021 tech trends | Digital

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CES may not have been able to host a physical event this year (the first time in its 50-year history), but that certainly didn't put a damper on the volume and quality of tech innovation on show. The pandemic has forced all of us to adopt technology in ways we never imagined before and at scale, yet despite the numerous challenges this presents to tech firms, the pace of innovation has not waned in the past year. From artificial intelligence to 5G to quantum computing, below I will summarise some of the key technology trends that emerged at CES 2021 and how they will shape the next decade, starting with those closest to becoming a reality. Artificial Intelligence of Things (AIoT) becomes all-pervasive We have seen the mass adoption of AI and IoT devices in our lives in the past decade. The coming decade will see the adoption of IoT devices...

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

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Microsoft Corp (MSFT.O) on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home.The company's shares rose 5% in extended trading after gaining about 41% in 2020 as COVID-19 shifted computing to areas where the software maker has bet big. It also saw a surprise recovery in sales on the LinkedIn professional social network and navigated a chip shortage that had threaten to hold back its Xbox business.The shift to work from home due to the COVID-19 pandemic has accelerated enterprises' switch to cloud-based computing, benefiting Microsoft and rivals such as Amazon.com Inc's (AMZN.O) cloud unit and Alphabet Inc's (GOOGL.O) Google Cloud. On a conference call with investors,...

Tech partnership to drive Finland’s quantum computing project

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Finland’s VTT Technical Research Centre has formed a strategic collaboration with tech startup IQM Group to build the country’s first quantum computer. The VTT-IQM co-innovation partnership aims to deliver a 50-qubit machine by 2024, drawing on international quantum technology expertise to augment Finland’s home-grown quantum capabilities. The partnership combines VTT’s expertise in supercomputing and networking systems with IQM’s capacity to deliver a hardware stack for a quantum computer while working with VTT to integrate critical technologies. The financing element of the project saw IQM launch a new series A funding round in November. The Helsinki-headquartered company raised €39m in new capital in the funding round, bringing to €71m the total amount raised by IQM for quantum computing-related research and development...

Edge Computing Is Leading The Next Great Tech Revolution

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MOUNTAIN VIEW, CA - JANUARY 19: A display featuring the Xerox Alto personal computer is seen at the ... [+] Computer History Museum on January 19, 2011 in Mountain View, California. After a two year, $19 million renovation, the Computer History Museum re-opened its doors with a new 25,000 square foot exhibit called Revolution: The First 2000 Years of Computing. The exhibit features over 1,000 artifacts and 100 multimedia stations that explores every major aspect of the history of computing, from the abacus to the smart phone, and every step in between. (Photo by Justin Sullivan/Getty Images) Getty Images Do you want in on the next great tech revolution? Well, it’s happening before our eyes. But it’s a shift so subtle, hardly anyone recognizes the profits at stake. As I’ll show you today, these subtle shifts in computing happen...