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U.S. GDP growth delays the long-predicted recessionagain – Fortune

Good morning.

The most predicted recession of modern times has been delayedagain.Yesterdays GDP report showed the economy grew at an annual rate of 1.1% in the first quarterslow, but still positive.And while economists continue to see a downturn on the horizon, Ive yet to encounter a single CEO who sees signs of it in his or her own numbers.

The GDP report also showed that inflation remains significantly above the Feds target.The PCE price index, excluding volatile food and energy prices, increased 4.9%.That suggests the Fed has more work to do to get inflation under controlwhich is why so many see a recession ahead.History offers little reason to believe that inflation can be brought down to the Feds 2% target without a recession.

And since it is Friday, some feedback. Several readers offered suggestions for a new phrase to describe the existential dread so many feel about the new wave of artificial intelligence.C.O. suggested we call it the Technolypse.J.D. called it Technodread.And G.K. harkened back to2001: A Space Odyssey, suggesting we call it Hal.Meanwhile, M.C. rejected the entire exercise.The worst thing to do would be to give it a new name or catchphrase.It infantilizes itmakes it seem less frightening Lets choose to be grownups and call it what it is:Terrifying.

More news below.And speaking of A.I., be sure to read Viv Walts deep dive into Klarna, the Swedish company that helped invent the buy-now-pay-later industry and rode it to become Europes most valuable startup.More recently, rising interest rates and the specter of recession have caused the company to lose 85% of its private market value.But its founder thinks a ChatGPT plug-in may be the route to salvation.

Alan Murray@alansmurrayalan.murray@fortune.com

$10 billion richer

Metas strong Q1 sales drove company shares up 14%, an increase that added $10 billion to Mark Zuckerbergs net worth. Zuckerberg now sits 12th on Bloombergs Billionaires Index with a fortune of $87.3 billion. Bloomberg

Crypto hero

Block CEO and Twitter co-founder Jack Dorsey is funding the legal defense of Bitcoin developers being sued by Craig Wright, who falsely claims to be Satoshi Nakamoto and argues the developers are obliged to help him recover lost Bitcoin. Dorseys defense fundset up to protect Bitcoin from a wide variety of legal perilshas made him a hero for an industry under siege. Fortune

Kicked out the Club

Social media app Clubhouse is cutting over half of its staff after its pandemic-era boom went bust. Laid-off employees will receive four months of severance and get to keep their company-issued laptops. Bloomberg

One venture capital firm is putting all of its cardsand $100Mon the middle of the country by Jessica Mathews

HR leaders are getting battered by crisesand its leading to burnout and higher turnover by Amber Burton

You cant trust A.I.: Former presidential candidate Andrew Yang warns of negative impact by Peter Vanham

Bill Gates got $2 billion richer after Microsoft mentioned A.I. more than 50 times on its earnings call by Eleanor Pringle

Commentary: Is it smart to be a stupid genius like Elon Musk? by Jeffrey Sonnenfeld

This edition of CEO Daily was edited by Jackson Fordyce.

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U.S. GDP growth delays the long-predicted recessionagain - Fortune

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Ethereum vs. Bitcoin: Which Cryptocurrency Is the Best Investment? – The Crypto Basic

Two of the most popular and well-known cryptocurrencies include Bitcoin and Ethereum. You may know a lot about each currency, but do you know what you should invest in?

These are both lucrative cryptocurrencies, but its important to know which one is more suitable for you.

Weve all heard of Bitcoin, as its one of the most popular cryptocurrencies around the world. Even people who dont know anything about crypto understand the value of Bitcoin.

Bitcoin is a digital currency that operates on a decentralized network known as the blockchain. It was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto.

Bitcoin has gained widespread attention over the years and is considered by many as a store of value and a means of payment.

Bitcoin news are constantly emerging, covering everything from price movements to regulatory developments. As more people and institutions adopt Bitcoin, its potential for disrupting traditional financial systems continues to grow.

Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts and decentralized applications (DApps). It was created in 2015 by Vitalik Buterin, and has since grown to become one of the most widely used blockchain platforms.

Ethereums native cryptocurrency is Ether (ETH), which is used to pay for transaction fees and to incentivize miners to maintain the network.

Ethereum news today covers a wide range of topics, including the latest price movements, new developments in the Ethereum ecosystem, and the launch of new DApps and decentralized finance (DeFi) protocols.

Experts say that Ethereum is predicted to replace Bitcoin. It was released in 2015, and its been growing increasingly popular over the years.

Ethereum is valued in ether tokens. It can help create smart contracts. Ethereum is even paramount for NFTs.

Now that you know what Bitcoin and Ethereum currencies are, lets discuss the common differences between them and how their value differs. The following factors will help you to determine which cryptocurrency is more suitable for you to invest in.

When comparing Ethereum vs. Bitcoin, both have their purposes that make this cryptocurrency of value to others. Bitcoin creates encrypted code that allows people to transfer money globally. Whereas, Ethereum is used for the payment of services and transaction fees.

Of course, one of the biggest differences between these two currencies is the price difference. Their value differs, as well as the fluctuation of their price.

As of April 2023, a bitcoin is valued at approximately $30,000, whereas the ether coin is traded for approximately $1,900.

Please note that these prices vary according to the market, but you can get a feel of how they differ in value.

Ethereum is a lot cheaper, which may be more convincing for investment because its lower risk. This means that if it does grow to its potential in the future, you can buy low now and sell for higher once its value appreciates.

One big difference of Ethereum vs. Bitcoin is the time it takes for you to add currency to the blockchain. It takes Bitcoin 10 minutes to add to the blockchain, whereas it is only around 1215 seconds for Ethereum.

Because Bitcoin is so popular, it is a lot more convenient to move around. Many establishments worldwide are more willing to accept Bitcoin as a payment option because of its credibility. Bitcoin can also be seen as less of a risk to invest in than Ethereum.

Due to Ethereum being a newer cryptocurrency on the market, its technology is more advanced than Bitcoin. You can see from its ability to add to the blockchain at a faster rate that its software is more technologically advanced.

The security of Ethereum is significantly better than that of Bitcoin, as transactions are secure and theres a reduced risk of entry for external threats.

After reading this article, you may still wonder to yourself which cryptocurrency you should invest in. Each of these cryptocurrencies has its benefits that may make it of more value to you. Its all about considering whether Bitcoin or Ethereum is more suitable or valuable to you.

Bitcoin may seem like the safer, more viable crypto to invest in, as its something everyone knows, accepts, and understands. However, there are some qualities of Ethereum that make it an underdog with lots of growth potential!

If you are really still undecided, and you dont know which crypto to choose, why not invest in both? These are both valuable cryptocurrencies that may end up being worth your while in the long run.

To learn more about cryptocurrency and the latest crypto exchange news in this industry, check out our other articles!

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Bitskwela’s Jiro Reyes on CoinGeek Backstage: Bitcoin is more than … – CoinGeek

Bitcoinis popularly known as a digital currency that could, at some point, be likened to stocks, with some even seeing it as a get rich quick scheme, a far cry from what it was originally intendedwhen Satoshi Nakamoto created it decades ago.

Bitskwela CEO Jiro Reyes admitted that what got him into Bitcoin in the first place was the money that he could potentially generate from selling, trading, and investing in digital currencies. But things changed when he started learning more about the space.

Bitcoin and everything else is not just about trading, not about investing, but everything underneath it solves different problems in our society today on a fundamental level, Reyes told CoinGeek Backstage.

Reyes eagerness to share his learnings with others, particularly the youth, led to the development of the edutech platformBitskwela, an idea that started as a passion project when he was an undergraduate student.

Bitskwela has been operating in the Philippines for about seven months since it was launched in May 2022, giving youths nationwide an opportunity to learn thebasics of Bitcoin and the technicalities surrounding it and other emerging technologies.

We also offer different other angles in the Web3 market, like marketing, social media, branding, designthings that people need to succeed in the space as a professional, Reyes said.

Bitskwela is also the platform behind the Bull or Bear program, a debate event that pushes youths to take on a different perspective on topics revolving around emerging technologies.

You wanna give people that sliced opinion on things to give them that space to create their own thoughts and knowledge on topics, Reyes pointed out.

The Bull or Bear event held in the province of La Union last March 17 was the third Web3 debate program of Bitskwela, with the first one held inTaguig Cityfollowed by the one inDavao City.

Reyes said his team is pushing to help onboard more youths as they can to support them in their Bitcoin journey, announcing another Bull or Bear debate set to be organized in the province of Cebu sometime in June. He added that while their focus for now is educating the Filipino youth, they are working toward expanding their program internationally.

Watch: Blockchain technology is more fun in the Philippines!

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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As UX jobs become vital for crypto companies, here’s how to get hired – AltFi

SponsoredCrypto

Ready to look for a new UX opportunity and transfer your skills and expertise in an emerging sector? Aoibhinn McBride from Jobbio shares her top tips.

While the jury is still out on Mark Zuckerbergs vision for the Metaverse, mass adoption of Web3 is looking far more likely with advances in blockchain technology spurring on the next phase of the internet.

Crypto exchanges have been in existence for over a decadeBitcoin was invented in 2008 by an unknown person or persons using the pseudonym Satoshi Nakamoto which means "clear thinking, quick witted" in Japanese.

Blockchain is now also increasingly underpinning other sectors such as healthcare, real estate, smart contracts and voting systems, but there continues to be a disconnect with user interface and user experience.

One thing standing in Web3s way is complicated crypto user interfaces that are not only difficult to navigate, but inaccessible for those who are unfamiliar with blockchain jargon.

This is despite the fact, the global blockchain market was valued at 5.79bn in 2022 and is set to grow 132.30bn by 2029, exhibiting a CAGR of 56.3 per cent.

The crypto and digital asset economy is still a massive knowledge void for most of the world outside of the small percentage who participate in it full time, says Casey Wilcox, chief technology officer at Hatchfi, a crypto integration platform that securely connects users' crypto accounts to any app, like they would a bank account.

Theres no denying that a majority of newcomers to crypto and Web3 are turned off by the bad UX, many options, and potentially malicious products, he stresses.

While theres many brilliant minds behind the scenes, really smart people dont always build the greatest onboarding flows, leaving many users to feel overwhelmed and lost.

Enter UX designers who can help crypto companies bridge this gap and shape the future of Web3 by putting convenience front and centre.

UX designers have been integral to the development of Web2Glassdoor listed UX designer as one of its top 50 jobs to have in 2022, and Google considers it so important, it will lower the rank of a website if it thinks users wont have a good experience.

And the need for UX designers shows no signs of slowing down as their skills can be adapted to fit the purpose of Web3, as Wilcox explains.

Good UX developers shouldnt have much trouble translating their skills and pivoting into the crypto space. Its ripe for strong developers. The tech/principles dont really change, he confirms. But youll see more importance placed on the community and first design.

The even better news for those working in different areas is that its also possible to pivot to a career in UX if you have a background in coding.

As developers are used to working in an agile environment and reacting to feedback, they can leverage their knowledge to creatively solve user experience problems like they would frameworks and development environments.

Wilcox's additional advice to those interested in shifting their focus towards crypto? Learn about the community you are building forare they traders, NFT collectors or long-term investorsand look to the UX community for input.

Build and design with input from your community but ensure design standards are met. Feedback is everything.

Ready to look for a new UX opportunity and transfer your skills and expertise in an emerging sector? The AltFi Job Board has hundreds of opportunities across UX for product managers and developers.

UK-headquartered fintech Zilch, the world's first commerce card, is hiring a UX Researcher to champion a research-based human-centric approach to its product. The role is an amazing opportunity to learn and grow your UX research craft through strategic and hands-on work.

If youre a developer looking for an avenue into this field, S&P Software Solutions is currently seeking an innovative Senior UX Architect to oversee the design and implementation of user experience strategies for its products and services.

Elsewhere, Citi is hiring an Enterprise Architecture UX Lead to design and oversee the execution of UX products through analysis, design and feedback.

Or if you want to work with a range of different organisations, Publicis Sapient is on the hunt for a UX Design/Strategy Lead to help organisations become more digitally-enabled. In this role, you will primarily work on its Salesforce Innovation Program to create new optimisation proposals and design detailed solutions.

For thousands of other opportunities in UX, browse the AltFi Job Board to find your perfect role

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Cloud-Based Quantum Computing Market worth $4,063 million by … – PR Newswire

CHICAGO, April 28, 2023 /PRNewswire/ --The global Cloud-Based Quantum Computing Market is projected to grow from an estimated USD 798 million in 2023 to USD 4,063 million by 2028, at a CAGR of 38.5% from 2023 to 2028 according to report by MarketsandMarkets.The growing adoption of quantum computing solutions across several verticals and the increasing accessibility of quantum computers by the cloud drive market growth.

Browse in-depth TOC on "Cloud-Based Quantum Computing Market"

250 - Tables40 - Figures300 - Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34990491

By vertical, research, and academia to account for the largest market size during the forecast period.

Quantum computing is a research area combing quantum physics and computer science. Researchers from academia and the quantum computing field are expected to work together in the coming years to speed up fundamental research. Additionally, several use cases of cloud-based quantum computing exist in research and academia. Teachers can use cloud-based quantum computing to help students better understand quantum mechanics and test quantum algorithms. Scientists and researchers can use cloud-based quantum resources to test quantum information theories and compare architectures. Various partnerships took place in the Cloud-Based Quantum Computing Market. In May 2021, IBM announced that it partnered with 11 top-tier academic institutions, including the IISc and IIT Kharagpur, to allow over-the-cloud access to its systems to accelerate advanced training and research in quantum computing.

By service, professional services to grow at a higher CAGR during the forecast period.

Professional services are typically offered on-demand or are project-based. They provide various services, including digital transformation, business strategy, management consulting, data architecture and visualization, UX/UI design, and more. An organization might choose professional services in consulting, cloud migration, deployment, and advanced troubleshooting. Consulting services are provided by consultants and industry experts that assist clients in recognizing new business values by implementing cloud-based quantum computing technology. They also offer customized roadmaps to help clients in adopting the solutions. For instance, IBM offers consulting services, along with quantum computers and QCaaS. 1QBit provides consulting services to customers to solve large-scale and complicated computational problems using complex algorithms and software development tools. These complex algorithms and software development tools use classical methods, quantum computers, and quantum annealing hardware.

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By region, North America accounts for the largest market size during the forecast period.

North America is one of the most advanced regions regarding security technology adoption and infrastructure. It is experiencing a rise in the use of technologies such as artificial intelligence(AI) and cloud-based applications. This region is a key market for cloud-based quantum computing software & services as it is home to several key players, such as IBM, Microsoft, Google, and AWS. Several standards and regulations also govern the Cloud-Based Quantum Computing Market in the North American region, specially in countries like US and Canada. The implementation of such privacy laws has prompted organizations to adopt cloud-based quantum computing solutions. Additionally, in recent years, the region witnessed several partnerships and initiatives between organizations and governments concerning cloud-based quantum computing offerings.

Key Players

The major vendors in cloud-based quantum computing include IBM (US), Microsoft (US), Google (US), AWS (US), Baidu (China), Rigetti Computing (US), Xanadu (Canada), Oxford Quantum Circuits (UK), IonQ (US), and Zapata Computing (US).

MarketsandMarkets segments the Cloud-Based Quantum Computing Market by offering, technology, application, verticals, and region. The report's scope covers detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the market's growth. A detailed analysis of key industry players was carried out to provide insights into their business overviews, solutions & services, key strategies, product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the Cloud-Based Quantum Computing Market.

Browse Adjacent Markets: Cloud ComputingMarket ResearchReports& Consulting

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About MarketsandMarkets

MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of$25 trillionof new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this$25 trillionopportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visitMarketsandMarkets or follow us onTwitter,LinkedInandFacebook.

Contact:Mr. Aashish MehraMarketsandMarkets INC630 Dundee RoadSuite 430Northbrook, IL60062USA: +1-888-600-6441Email:[emailprotected]Visit Our Website:https://www.marketsandmarkets.comResearch Insight:https://www.marketsandmarkets.com/ResearchInsight/cloud-based-quantum-computing-market.asp

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Meet the Aussie Startup That Wants to Be the Intel of Quantum Computing – Gizmodo Australia

Zachariah Kelly

Published 16 hours ago: April 28, 2023 at 12:11 pm

Quantum computers are likely to be one of the next big leaps in data processing, scaling extremely sophisticated and fast computers down into much smaller computational hardware however, most quantum systems are held back by large cooling systems that are necessary for the machines to operate. Thats where Quantum Brilliance comes in, billing itself as the Intel or Nvidia of quantum computing.

Weve written about Quantum Brilliance before, when the startup snagged $26 million in cash from a pool of funding, contributors of which included the Victorian government and Main Sequence (the venture capital spin-off of the CSIRO). What makes Quantum Brilliance so special is that the startup is compressing quantum computers, which are typically really big (almost room-sized) into modern PC-sized boxes, by using diamond-based devices instead of room-scale cooling systems.

And just recently, the startup achieved a breakthrough and world first the team managed to take a quantum computer outside of a lab environment, configure it to be robust enough to sit in the same room next to a supercomputer, and have the two systems share data and work in tandem towards solving a problem.

Heres why thats a big deal.

The key thing was running a first job where someone could access the supercomputer, and then the supercomputer goes: oh, this is something that has a quantum component. Im going to run stuff on the supercomputer, Im going to send that part of the job then to the quantum computer, get the result back, and then feed it back into subsequent supercomputing,' Quantum Brilliance CTO and co-founder Doctor Andrew Horsley told Gizmodo Australia.

Taking it out of the lab, and its not requiring extra infrastructure to run, you just plug it in and its working. Its not quite a quantum computer in your laptop, but its still a big demonstration for such an early stage of the tech that weve got it in whats really quite an unfriendly environment. A lot of noise fans, a lot of weird electromagnetic noise.

While quantum computers exploit what Horsley calls a physical phenomena that todays computers dont, that of quantum mechanics and the ability to harness quantum physics in processing data, he explained to me that quantum computers will not replace the computers of today entirely. Its more about replacing specific processes or enhancing them with faster, more powerful technology and thats what underlines this latest breakthrough.

We want to make quantum an everyday technology, Horsley said. Ultimately, you open up your laptop, and theres a Quantum Brilliance sticker on it, as well as whatever your CPU is.

Just for clarity, usually when you buy a new PC or laptop, itll come with a sticker (or stickers) somewhere on the casing, indicating your CPU or GPU. Its advertising, but in this context, its more important than that its Horsleys way of saying that your everyday computer may, one day, include a component that leverages quantum technology, because of this achievement.

What will that mean for the average user? Well, though we know quantum computers can offer much more computational power than modern computers, the reality is that we just dont know yet but we have a good idea.

So an example there is, at the moment, for a robot to understand human speech, its very hard. At the moment you can use big centralised computers, but to actually have it, to cram enough classical computers into a robot or a satellite, you actually dont have enough space to do that, Horsley said.

What quantum can do is give you enough computing density to cram it into the size, weight and power consumption budget of something at the edge. So, your laptop, a robot or a self-driving car, so that its actually smart enough to actually understand you and interface with you in a more natural way.

Horsleys analogy, coming back to the physical phenomena, is that its similar to when electricity was first harnessed and completely changed the world and how we did things in the 19th Century. The idea that quantum computing could make systems of all types smarter, faster and more powerful, even at the consumer level, is attractive, to say the least.

We wont know what the applications are right now. Its kind of like standing in the 1950s, imagining what youd do with a smartphone. But we can think about a few of these early ones, and its enough to get excited about, Horsley added.

Quantum Brilliances focus going forward is to keep compressing quantum technology and integrating it with modern computers, working with industry partners like the Pawsey Supercomputer Centre in Perth and Nvidia.

Horsley said the startup has a head start on making the tech smaller because of the earlier mentioned diamond-based cooling systems. Large helium-based or laser-assisted cooling systems arent necessary, allowing the tech to keep being scaled down which is a crucial point, because to make sure quantum computers function as optimally as possible, their environments need to be exceptionally controlled.

The startup is gearing up for a quantum future, where its everyday tech and this latest achievement is one of the first steps towards this vision.

This is showing that quantum computing can be made simple and robust enough that you can take it out of a lab and put it next to a supercomputer and have them naturally start talking to each other Its that first hello world moment that shows the progress that were making in understanding the software environment and developing robust hardware that we can start bringing quantum ultimately to consumers, Horsley said.

As written above, its still early days for quantum computing, but Im certainly warming to the idea of having a Quantum Inside sticker on the side of my PC.

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IonQ Announces Agreement with the United Arab Emirates Quantum Research Center – Technology Innovation Institute – Yahoo Finance

Contract to provide engineers, computer scientists, and physicists with direct access to IonQ Aria system for quantum algorithm experimentation

COLLEGE PARK, Md., April 26, 2023--(BUSINESS WIRE)--IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced a new agreement with Abu Dhabis Quantum Research Center - Technology Innovation Institute (QRC-TII) in the United Arab Emirates. The agreement will provide QRC-TII with access to IonQs industry-leading Aria quantum computer, enabling the testing and execution of quantum algorithms.

"We are pleased to provide the Technology Innovation Institute with access to what we believe is the worlds most powerful, commercially available quantum computer, as they look to develop quantum algorithms to tackle todays most complex problems," said Peter Chapman, CEO & President of IonQ. "Interest in quantum computing has grown throughout the region these last few years, and IonQ is proud to be recognized as a leading driver of quantum hardware innovation and accessibility."

In recent years, the UAE government has allocated millions of dollars to support the QRC-TII and advance the countrys burgeoning quantum computing industry. Consisting of a wide array of the worlds leading scientists, researchers, and engineers, the institute focuses its attention on creating better quantum algorithms on commercially available quantum systems. Todays announcement furthers QRC-TIIs efforts for developing, benchmarking, and optimizing novel quantum algorithms as well as quantum device characterization and quantum error mitigation techniques.

"Access to IonQ Aria will provide QRC-TII developers the opportunity to test and optimize novel quantum-enhanced algorithms for computational challenges. These complex problems range from heuristic variational quantum circuits for optimization problems, to prototype implementations of rigorous quantum algorithms for matrix arithmetics and quantum simulation," said Prof. Jos Ignacio Latorre, Chief Researcher, QRC-TII. "Additionally, users can more easily explore quantum device characterization and error mitigation techniques, potentially leading to more accurate algorithms."

Story continues

IonQs agreement with QRC-TII in the UAE is the latest in a string of international developments for IonQ in recent months. In January of this year, IonQ acquired Canadian-based startup Entangled Networks for its quantum networking expertise, opening its first office in Canada. The move closely followed the establishment of two international business entities in Germany and Israel last year, making IonQs world-class systems accessible to a range of European companies, states, and governments.

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ Aria is the latest in a line of cutting-edge commercial quantum systems, boasting industry-leading 25 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale.

IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Dr. Christopher Monroe and Dr. Jungsang Kim based on 25 years of pioneering research. To learn more, visit http://www.ionq.com.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward- looking words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQs quantum computing capabilities and plans; access to IonQs quantum computers; the ability to test and execute quantum algorithms on IonQs quantum computers; the opportunity to test and optimize novel quantum-enhanced algorithms for computational challenges on IonQs quantum computers; the ability to implement characterization and error correction techniques; the accuracy of quantum algorithms run on IonQs quantum computers; and the problems that can be solved by IonQs quantum computers. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: market adoption of quantum computing solutions and IonQs products, services and solutions; the ability of IonQ to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQs business; IonQs ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; and the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic and/or increased inflationary pressures. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of IonQs Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005872/en/

Contacts

IonQ Media contact: Tyler Ogoshipress@ionq.com

IonQ Investor Contact: investors@ionq.com

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Protecting Patient Data: Why Quantum Security is a Must in Health Care – Security Boulevard

When you visit the doctor or have a hospital stay, you and your patient data become elements in a vast, highly complex digital technology ecosystem. This is because you (as the patient) generate enormous volumes of data which is stored and analyzed across interconnected systems. The goal of all of this is improved health care outcomes, but the current health care digital landscape also represents a critical cyberattack surface. This is particularly true of medical devices and the internet-of-medical-things (IoMT). Security is serious matter in health care, and most organizations involved in health care technology are busy implementing countermeasures against prevailing cyberthreats. More work is needed, especially considering the looming quantum computing threat to data encryption. This article examines the quantum threat to health care data and technology and offers some ideas on how this serious risk can be mitigated.

Healthcare is a field that runs on digital technology. Healthcare organizations deploy millions of connected medical devices that store personal patient data and real-time biometric data. These devices allow doctors and patients to communicate faster, more efficiently and, in some cases, more inexpensively than is possible with past communication methods. For instance, a direct digital heartbeat transmission is far faster and cheaper than a fax machine. In addition, back-end systems handle medical records storage, billing and operations.

Every medical device, computer server, network and storage array is vulnerable to cyberattack. Today, this means anything from ransomware to zero-day attacksany threat vector that enables a malicious actor to interfere with health care processes or steal data. In the near future, this digital healthcare landscape will also be vulnerable to attacks from quantum computers.

Briefly, a quantum computer is a new generation of computing technology that utilizes sub-atomic particles and the principles of quantum mechanics to deliver exponentially faster computation capabilities than existing computers. There are many exciting potential uses for quantum computing, including in health care, such as protein folding. However, the technology is also expected to break todays unbreakable cryptographic keys that secure data and critical systems.

Security experts are worried, with good reason, that within a few years, todays current forms of cryptography will be rendered useless by the quantum threat. At that point, virtually all data and systems will be exposed to threats, including those systems that manage health care information. This would be catastrophic on multiple levels. The quantum crisis threatens patient health, the large and lucrative health care industry, society and even the United States national security.

If all cryptography protecting the security and privacy of medical technology becomes inoperable, then patient health is at risk. Attackers could disrupt hospital networks and delay patient care. They could cause pacemakers, defibrillators, insulin pumps and other critical health devices to stop working. This could cause people to get sick or even die. Indeed, this type of thing has already happened. For example, in 2019 a ransomware attack on a hospital resulted in the death of a newborn.

Health care is a multi-trillion-dollar industry. The quantum threat puts this enormous slice of the economy at risk. Even just one sector, the IoMT market, is rapidly accelerating, expected to go from a $14 billion valuation in 2017 to $158 billion this year.

Medical information is also valuable. Research suggests that it can be valued up to 50 times more than a stolen credit card on the black market. This is an attractive target for hackers.

Regarding legal liability and ethics, unsecured devices or device exploit comprise a violation of trust to patients. Device manufacturers have a fiduciary responsibility to protect patient data. Adding in regulatory penalties, such as HIPAA violations, the quantum threats potential costs appear to be astronomical.

Risks to individual patients are bad enough, but overall health care cyber risk exposure threatens the broader society. If health care systems, especially emergency services, are unavailable during a crisis, the public could be in danger. This is not as far-fetched a scenario as people might imagine. After all, ransomware attackers have targeted municipal government and law enforcement in tandem with hospitals. A quantum attack that devastates all such systems could destabilize the public order.

Health care information also figures into geopolitics and the world of intelligence. This may seem a bit cloak-and-dagger, but the reality is that adversarial nation-state intelligence services are stealing hundreds of millions of American health records. The 2015 Anthem breach is cited as an example. Its unclear exactly why they are doing this, but possible explanations include a desire to create a social map of the United States to identify spies. There is also a theory that the Chinese artificial intelligence (AI) industry is hacking American medical data to develop training data sets for medical AI software, which is considered a strategically important industry. The fascinating Wall Street Journal article What Does Beijing Want With Your Medical Records? explores this issue.

The government is taking a strong interest in cybersecurity for health care. U.S. federal agencies are expected to start mandating cybersecurity requirements through legislation such as the 2022 Protecting and Transforming Cyber Healthcare (PATCH) Act, which requires a software bill of materials (SBOM), as mandated by president Bidens May 2022 executive order. These measures also expect medical devices to have greater cryptographic agility.

The pending Healthcare Cybersecurity Act of 2022 is a further call-to-action from the government. The bill wants to make cybersecurity a primary goal of health care organizations and equipment manufacturers. This includes the critical step of protecting legacy devices incapable of withstanding todays cyberattacks. The bill is poised to impose financial constraints, with Medicare payment policies incorporating cyber expenses.

Quantum defense still needs to be added to the legislative agenda for health care, but it will almost certainly be included soon. The government is starting to mandate mitigations of the quantum threat in government systems. For example, the Cybersecurity and Infrastructure Security Agency (CISA) published guidance called Preparing for Post-Quantum Cryptography in 2022 in collaboration with NIST. Health care will likely follow.

It is important to start defending against the quantum threat now. Or, at a minimum, health care organizations can start preparing by assessing their cybersecurity to look for areas that will be vulnerable to a quantum attack. If health care companies want to follow the CISA/NIST guidance, they should start by inventorying their critical data and systems, including device operating systems. They ought to create an inventory of their cryptographic technologies and internal standards. This includes public key cryptography, which is most vulnerable to quantum attacks.

Health care organizations then need to move toward what is known as post-quantum cryptography, a new approach to cryptography that changes the way keys are generated, managed and used. Using advanced mathematical techniques, post-quantum cryptography methods can protect health care data from even quantum decryption processes.

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Quantum Cryptography Market worth $3.0 billion by 2028 – Exclusive Report by MarketsandMarkets – Yahoo Finance

CHICAGO, April 26, 2023 /PRNewswire/ --The global Quantum Cryptography Market size is estimated at USD 0.5 billion in 2023 and is projected to reach USD 3.0 billion by 2028, at a CAGR of 41.2% from 2023 to 2028, according to a new report by MarketsandMarkets. Factors such as increasing number of cyber threats and attacks; and digital transformation initiatives are positively driving the growth of Quantum Cryptography Market. However, lack of expertise and technical implementation challenges to hinder the market growth.

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Browse in-depth TOC on"Quantum Cryptography Market"204 - Tables34 - Figures223 - Pages

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By offering, Solution segment is expected to account for the largest share in 2023

Quantum computers threaten classical encryption methods and infrastructure security, entropy starvation allows for stealthy eavesdropping, and publicly exposed channels increase the risk for critical information exchanges. These solutions are vital in offering point-to-point security and storage networks for long-term data protection. In addition, the R&D platform is gaining traction among the scientific community, as the need for quantum-safe encryption is increasing to counter the threat of a quantum computer. The R&D platform comprises two stations, namely, the transmitter unit and the receiver unit. Each station consists of optical and electronic platforms, controlled by an external computer linked to the station through an Ethernet connector. With the R&D platform, users can experiment with different parameters and study various setups. It is well-documented in scientific publications and has been extensively tested and characterized. ID Quantique is a leading provider of R&D platforms for quantum cryptography.

By vertical, healthcare to account for highest CAGR in 2023

During COVID-19, healthcare facilities are more prone to becoming a target of cyberattacks. The healthcare sector has become the epicenter of this unexpected global pandemic. Increased investments by the government in the healthcare vertical to tackle COVID-19, and being prepared for future scenarios is expected to make the healthcare vertical adopt these solutions soon. Moreover, the use of quantum-safe encryption technology improves the proficiency of clinical and IT staff and provides real-time information access in case of emergencies. Additionally, the implementation of regulatory compliances, such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA), is increasing the adoption rate of quantum cryptography among healthcare organizations and clinical staff. These compliance regulations also help secure sensitive data, protect identities by providing digital signatures, secure network gateways, and encrypting databases. Due to the rising use of this technology and increasing awareness about regulatory compliance, the adoption trend for quantum cryptography is expected to grow among developing countries.

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By Region, North America to grow at the highest CAGR in 2023

In the United States, the National Quantum Initiative Act was passed in 2018, which aims to accelerate the development of quantum technology, including quantum cryptography. This has resulted in increased funding for quantum research and establishing research centers such as the Quantum Information Science and Engineering Network (QISE-NET). Private companies such as IBM, Microsoft, and Google are also investing in quantum technology research, developing quantum computers and quantum communication networks. The Perimeter Institute for Theoretical Physics and the Institute for Quantum Computing at the University of Waterloo are leading the way in quantum cryptography research in Canada. The Canadian government has also invested in quantum technology research, including quantum cryptography, through the Quantum Computing Strategy. Overall, the scope of quantum cryptography in North America is broad, with significant investments being made in research and development and the establishment of centers of excellence in the field.

Major players operating in the Quantum Cryptography Market are ID Quantique (Switzerland), QuintessenceLabs (Australia), Toshiba (Japan), QuantumCTek (China), Magiq Technologies (US), Crypta Labs (UK), Qasky (China), Qubitekk (US), ISARA (Canada), Nucrypt (US), Quantum Xchange (US), qutools (Germany), QNu Labs (India), Post Quantum (UK), IBM (US), HPE (US), NEC (Japan), Crypto Quantique (UK), Qrypt (US), KETS Quantum Security (UK), PQShield (UK), QuBalt (Germany), VeriQloud (France), SSH Communication Security (Finland), QuantLR (Israel), and QuSecure (US) are the key market players.

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Monist philosophy and quantum physics agree that all is One – Aeon

From all things One and from One all things, wrote the Greek philosopher Heraclitus some 2,500 years ago. He was describing monism, the ancient idea that all is one that, fundamentally, everything we see or experience is an aspect of one unified whole. Heraclitus wasnt the first, nor the last, to advocate the idea. The ancient Egyptians believed in an all-encompassing but elusive unity symbolised by the goddess Isis, often portrayed with a veil and worshipped as all that has been and is and shall be and the mother and father of all things.

This worldview also follows in straightforward fashion from the findings of quantum mechanics (QM), the uncanny physics of subatomic particles that departs from the classical physics of Isaac Newton and experience in the everyday world. QM, which holds that all matter and energy exist as interchangeable waves and particles, has delivered computers, smartphones, nuclear energy, laser scanners and arguably the best-confirmed theory in the entirety of science. We need the mathematics underlying QM to make sense of matter, space and time. Two processes of quantum physics lead directly to the notion of an interconnected universe and a monistic foundation to nature overall: entanglement, natures way of integrating parts into a whole, and the topic of the 2022 Nobel Prize in Physics; and decoherence, caused by the loss of quantum information, and the reason why we experience so little quantum weirdness in our daily lives.

Yet, despite the throughline in philosophy and physics, the majority of Western thinkers and scientists have long rejected the idea that reality is literally unified, or nature and the Universe a system of one. From judges in the Inquisition (1184-1834) to quantum physicists today, the thought that a single system underlies everything has been too odd to believe. In fact, though philosophers have been proposing monism for thousands of years, and QM is, after all, an experimental science, Western culture has regularly lashed out against the concept and punished those promoting the idea.

It wasnt always that way. In ancient times, the concept of monism held more weight in the popular mind. Philosophers in the school of Pythagoras (c570-490 BCE), renowned for his alleged discovery of the geometrical relation among the three sides of a right triangle, identified the number one as the centre of the Universe. Heraclitus contemporary Parmenides (c520-460 BCE) believed in reality as a timeless one, that is and that is not not to be. And Plato, arguably the most influential philosopher ever, is said to have taught monism as a secret doctrine at his academy, to be disseminated only orally. Indeed, monism later evolved into a trademark of his school, and Neoplatonists such as Plotinus (c205-270 CE) wrote about the one that is all things and beings generator. Around the same time, mystery cults popular in late antiquity advocated a hidden unity behind the many gods of the Greco-Roman polytheistic pantheon, and understood the different deities as representations of the various facets of a single, unified reality.

Later on, philosophical ideas derived from Platos monistic instincts competed with Christianity to become the dominant worldview of the Roman Empire. Christianity prevailed.

Even then, Christianity adopted Platonic ideas by identifying the monistic One with God. But Christianity drew also on dualistic philosophies such as Manichaeism, which advocated a world caught in an epic struggle between good and evil. This is how concepts such as God and devil, heaven and hell, or angels and demons received their prominent role among Christian beliefs. At the same time, the monistic influences were pushed into an otherworldly beyond. The Christian God was understood as different from the natural world that he governs from outside.

A student who claimed that God, the world, and nature, are but one thing was hanged for blasphemy

With the Christian Church rising to political power and the fall of the Roman Empire, much of antiquitys culture and philosophy got lost, and monism got suppressed as a heresy. If all is One, God gets conflated with the world, and medieval theology understood that as atheism or a devaluation of God.

When in 855 John Scotus Eriugena, a medieval philosopher at the court of the Frankish emperor Charles the Bald, described God as an indivisible unity holding together all things, he got condemned and his books forbidden. Sure, these monistic ideas inspired philosophers, but theologians saw them as an intrusion into the realm of religion. By the 13th century, a group of scholars in Paris had resorted to the stance that there exists a double truth: that what is right in natural philosophy may be wrong at the same time in theology, and vice versa.

These conflicts framed the relationship between religion and the developing sciences. After Nicolaus Copernicus advocated a heliocentric model of the planetary system in 1543, proposing that Earth and planets revolved around the Sun, instead of the Universe around Earth, his book was suspended by the Inquisition in 1616; for more than 200 years, it was allowed to be published only in editions that stressed it presented just a mathematical model but no statement about reality. That same year, Galileo Galilei was warned by the cardinal Robert Bellarmine, an inquisitor and one of the judges who had condemned Giordano Bruno to be burnt at the stake, to teach the heliocentric model not as truth but only as a hypothesis.

In 1600, Bruno, an early advocate of the Copernican model, was burned alive in Rome. Among his heresies was his monistic philosophy, affirming that the whole is one and that Nature is none other than God in things. In 1619, Lucilio Vanini, who had preached a religion of nature where a leaf of grass was proof of God, got his tongue cut out and was strangled at the stake, his body burned in Toulouse. And in 1697, Thomas Aikenhead, a student who claimed that God, the world, and nature, are but one thing, was hanged for blasphemy in Edinburgh.

Science in those early days often emerged as a sort of soft monism. Johannes Kepler, who discovered that Earth and the other planets revolve around the Sun in elliptical orbits, tried to understand nature in terms of harmonies and symmetries. Brunos influence and the ideas of monism directly inspired his efforts to develop a unified theory and find harmonic, beautiful patterns in the natural world.

The monist influence was even more apparent in the work of Newton, best known for his theory of gravity. One of Newtons most important accomplishments was the insight that gravity acts universally on all bodies on Earth and elsewhere in the Universe. He explicitly compared this feature with the idea of an all-encompassing divinity that he adopted from the Cambridge Platonist Ralph Cudworth. One and the same divinity [exercises] its powers in all bodies whatsoever, Newton wrote.

Michael Faraday, who proposed force fields were permeating the Universe, made significant steps toward the unification of electricity and magnetism a monistic point of view, indeed.

Albert Einstein, who gave us such concepts as the curved universe and space-time, believed that the separation of humans from the rest of the Universe was essentially an optical delusion of consciousness.

Monism has resurfaced again and again by inspiring humanitys greatest creations and creators across the arts. Mozarts opera The Magic Flute (1791) included a eulogy of Isis. Beethoven kept the quote I am all that is, that has been and will be, and no mortal has ever lifted my veil, attributed to Isis, in a frame on his desk. The Romantic poets from Goethe to Coleridge to Wordsworth describe the longing for a reconciliation of ego and the world within nature.

Despite all this, the hard line of the Church stuck: monism could influence science and inspire our greatest art, but the idea that it quite literally described nature was rejected by the overwhelming majority through the years. To the present day, we tend to believe that monism and nature, or monism and science, dont belong together; that the hypothesis of all is One simply isnt proper science at all.

If anything should convince us to change our mind, it is the experimental science of quantum mechanics and its underlying mathematics. One famous feature of QM is that there is no strict separation between particles and waves. What had been considered as a particle before, for example an electron, can sometimes behave as a wave, while waves (such as, for example, light) can absorb and emit energy in discrete portions, understood as particle-like quanta. In contrast to a particle though, a wave doesnt exist in a specific place. It stretches out over the surface of a pond or the expanse of the Universe; it is non-local, in physics lingo. A quantum object described as a wave exists in several places simultaneously until it gets measured. In that instant, the object seems to collapse into one of its potential locations.

This leads to the weirdest aspect of QM entanglement, a property of quantum systems made up of two or more particles. According to the quantum pioneer Erwin Schrdinger writing in 1935, entanglement is the characteristic trait of quantum mechanics, the one that enforces its entire departure from classical lines of thought.

Consider observing a wave pattern on your pond that you know results from two ripples combined, such as two stones dropped into the water. Just by looking at the water surface, you wont be able to tell what these individual ripples were to start. For instance, the pattern could have arisen from two stones causing two equal swells in the water, or from a small stone causing a third of the swell and a larger stone creating two-thirds.

Taking this logic at face value, nothing we see really exists; there are no particles or physicists or cats or dogs

The same is true for entangled quantum systems: you may know the complete system perfectly well but at the same time know nothing about its constituents until we pin them down by experiment, measuring them. In such an experiment, the very act of measurement would destroy the original whole.

It was Schrdinger who clearly summarised what entanglement means:

Entanglement is QMs way of integrating parts into a whole and, when you apply entanglement to the entire Universe, you end up with Heraclitus tenet From all things One. Taking this logic at face value, nothing we see around us really exists; there are no particles or physicists or cats or dogs. The only thing that truly exists is the Universe as a whole.

Yet, while this logic is easy to follow, the conclusion seems bizarre, and is far from a general consensus, even among physicists. In fact, it sparked a controversy that can be traced back to the early history of QM when, in 1927, Niels Bohr and Werner Heisenberg realised that one can never experience both the particle and wave aspects of a quantum object at the same time. Heisenbergs friend and collaborator Wolfgang Pauli tried to illustrate this finding by saying one could look at nature with two different eyes, seeing either particles or waves, but if the observer tried to open both eyes together, they would go astray. This seemed to suggest that reality is fundamentally unobservable, just like the veiled Egyptian goddess Isis. But physics is an experimental science. As a consequence, physicists arent easily convinced about the existence of a hidden quantum reality, even if it may unify the experiences of things such as particles or waves.

Bohr, Heisenberg and Pauli at least remained unconvinced. When they tried to make sense out of quantum mechanics, they came to the conclusion that what we see is real and that there is no underlying, more fundamental quantum reality hiding behind. According to this Copenhagen interpretation, QM doesnt describe a deeper reality but merely our incomplete knowledge of nature.

Schrdingers theoretical wave function, the mathematical expression that describes the different probabilities a quantum object has of being in a given state or location, wasnt accepted as a model of nature but understood as merely a tool to predict what our measurement devices would register. There is no quantum world, Bohr reportedly affirmed. For many years to come, this view became the orthodox interpretation about what QM meant.

From the time Schrdingers paper on entanglement was published in 1935, physicists could have adopted a monistic interpretation of QM, or at least have accepted it as a major contender for Bohrs instrumental interpretation that QM was merely a tool. Yet it appears as if Heisenberg and Bohr, as soon as they had discovered this strange, new quantum reality that was underlying our everyday world and unifying everything in the Universe, shied away from setting out to explore this uncharted territory. Instead, they decided to declare it nonexistent.

This reaction is even more baffling since physicists, of all people, werent completely unaware of the monistic implications of QM. For example, when in 1947 Bohr received the Order of the Elephant, Denmarks highest honour, he designed his own coat of arms that featured a yin and yang symbol, the pictorial representation of the monistic Taoist philosophy that seemingly opposite forces in nature are actually complementary pieces of a fundamental whole on a deeper level of understanding. In a similar spirit, Heisenberg titled his autobiography Der Teil und das Ganze (1969), or The Part and the Whole.

More concretely, the physicist David Bohm wrote in his popular textbook Quantum Theory (1951) that QM requires that we give up the idea that the world can correctly be analysed into distinct parts and replace it with the assumption that the entire universe is basically a single, indivisible unit. By the 1970s, Fritjof Capras bestseller The Tao of Physics (1975) was comparing quantum physics with East Asian spirituality. So why were the monistic implications of quantum physics not taken seriously? Why was quantum physics an apt mathematical model, but considered insufficient to describe the contours of nature itself?

There are many reasons why this didnt happen.

For one thing, despite the monistic inclinations of visionaries like Newton and Kepler, the notion that all is One usually isnt understood as a meaningful statement in science. This One isnt directly observable, and science is an experimental endeavour. But more than that, the Western mind was inclined to restrict science to problem-solving while reserving the absolute and final answers for religion. The mindset has been internalised to this day, even by people who arent necessarily religious themselves.

Whats more, it didnt really seem to matter what the quantum-mechanical wave function implied. The formulas and predictions of quantum physics worked perfectly well and could be applied successfully to the various emerging research fields in nuclear, particle and solid-state physics, irrespective of what one believed about its underlying reality. Moreover, for many years, no one truly understood what happened during a quantum measurement and how quantum mechanics was related to our everyday experience in a world made of large objects existing in definite shapes and places.

This situation changed only around 1970 when the physicist Heinz-Dieter Zeh in Germany discovered a process known as decoherence, which is important to virtually any branch of modern physics. Decoherence protects our daily-life experience from too much quantum weirdness. And it realises the last part of Heraclitus tenet: from all things One.

It is as if decoherence opens a zipper between parallel universes

Decoherence happens when a quantum object interacts with its environment for instance, when a particle like an electron, a human observer or measurement device, and the environment get entangled. If the quantum object is a particle existing in two different locations (possible if it takes the form of a wave) each of them is linked to a corresponding state of the measurement device recording the particle in the respective position.

While these possible realities are superposed in the entangled whole, they unravel from the perspective of the observer who doesnt know the exact state of the environment, which arguably is the entire rest of the Universe. It is as if you observe your garden through a partitioned window: nature looks divided into separate pieces, but this is an artefact of your perspective.

From the observers perspective immersed in their own reality (called the frog perspective by the cosmologist Max Tegmark) the measurement device might describe two realities based on mathematical probabilities in the wave function the particle could be located at position A with a measurement device observing this location, or the particle could be found at position B with another device recording this position.

Zehs discovery endorsed a controversial view of quantum mechanics, proposed by the physicist Hugh Everett, that became famous under the misleading label many-worlds interpretation. According to Everett, quantum measurements dont have only a single outcome. Instead, all outcomes allowed in quantum mechanics are realised, albeit in parallel realities. It is as if decoherence opens a zipper between parallel universes. On a more fundamental level though, Everetts interpretation doesnt describe many classical worlds but rather a single quantum universe, governed by a universal wave function. If a hypothetical observer could see the entire Universe from the outside with all its possibilities revealed, the cosmos would manifest as a single quantum object. That, metaphorically speaking, would be the bird perspective, Tegmark says.

As remarkable as Everetts and Zehs conclusions were, they werent appreciated by their physicist peers. Instead, for decades any deeper enquiry in the foundations of quantum mechanics was discouraged, and anyone who dared to question Bohrs orthodox interpretation encountered a toxic blend of hostility and dogmatic pragmatism. The attitude was fittingly summarised in 1989 by the physicist David Mermin as Shut up and calculate! The motto reflected the pressure on 20th-century students to adopt QM as a tool instead of wasting their time with metaphysical pondering or any effort to find its expression in reality.

John Clauser, one of the recipients of the 2022 Nobel Prize in Physics for his work on quantum entanglement, described how a very powerful stigma began to develop within the physics community towards anyone who sacrilegiously was critical of quantum theorys fundamentals. Lon Rosenfeld, a close collaborator of Bohrs, characterised Everett as undescribably [sic!] stupid and claimed he could not understand the simplest things in quantum mechanics. Around the same time, Zeh who discovered decoherence was informed by his advisor, a Nobel Prize winner, that any further activities on this subject would end [his] academic career! Zeh stressed the parallels between the Inquisitions conservative stance and the dogmatic antirealism of many physicists today:

Thus, even after decoherence had explained how our everyday experience can follow from a monistic quantum reality, the idea remained the outsider view of a small group of renegade physicists. And, in fact, for most of us, the notion of an all-encompassing One doesnt feel like proper science. It comes with a scent of New Age bullshit.

But why does this idea sound so bizarre to us? To understand this bias, we have to leave quantum mechanics for a moment and look back to how monism evolved in Europe over the past 800 years. It turns out, the controversy about how to interpret QM is part of the larger story the conflict about who was entitled to define the foundation of reality: religion, or science?

According to Everett and Zeh, the fundamental description of the Universe is a single entangled state, described by a universal wave function. Everything we experience in our daily lives emerges from this fundamental quantum reality.

If this is correct, it implies that the traditional approach of physics to understand things in terms of constituents doesnt work anymore. If physicists explain how everyday objects such as chairs, tables and books are made of atoms, atoms are composed of atomic nuclei and electrons, atomic nuclei contain protons and neutrons, and protons and neutrons consist of quarks, they ignore that these particles arent fundamental but just abstractions from the fundamental whole.

If there exists but a single thing in the Universe, then space doesnt make sense any more

Instead, the most fundamental description of the Universe has to start with the Universe itself, understood as an entangled quantum object. Indeed, the 2022 Nobel Prize in Physics was awarded for experiments that probe correlations between particles separated by large distances yet connected to each other based on entanglement.

This view also requires us to rethink our notion of space and time. If there exists but a single thing in the Universe, then space, often understood as the relative order of things, doesnt make sense any more. Nor is it easy to imagine this single object evolving in time. Accordingly, the Wheeler-DeWitt equation, describing the quantum mechanical wave function of the Universe and the starting point for much of Stephen Hawkings work on cosmology, describes a timeless universe.

Entanglement also plays a crucial role in the most advanced approaches to quantum computing and the search for a theory of quantum gravity, in which entanglement creates connections between distant regions of space-time. Just a few weeks before the new Nobel laureates were honoured in Stockholm in 2022, a different team of distinguished scientists had a paper published in Nature that described a process on Googles quantum computer that could be interpreted as some kind of wormhole, a tunnel connecting far-away regions in space. Although the wormhole realised in this recent experiment exists only in a two-dimensional toy universe, it hints at an intimate relationship between quantum entanglement and proximity in space, and thus could constitute a breakthrough for future research at the forefront of physics.

The 3,000-year-old concept of monism may actually help modern physicists in their struggle to find a theory of quantum gravity and make sense out of black holes, the Higgs boson, and the early Universe. Chances are high that we witness the beginning of a new era where science is informed by monism and the Universe is perceived as a unified whole.

This Essay was made possible through the support of a grant to Aeon+Psyche from the John Templeton Foundation. The opinions expressed in this publication are those of the author and do not necessarily reflect the views of the Foundation. Funders to Aeon+Psyche are not involved in editorial decision-making.

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Monist philosophy and quantum physics agree that all is One - Aeon

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