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Dr. Jordan B. Peterson And ‘Exodus’ Panel Discuss ‘An Eye For An … – The Daily Wire

Dr. Jordan B. Peterson and his panel of seven renowned scholars explore the purpose and importance of Gods laws, the meaning and limits of an eye for an eye, and what saying no really means in the newest episode of Exodus, streaming now on DailyWire+.

Peterson and company continue through their study and discussion of Exodus, the second book of the Bible and Torah, with this episode focusing on chapters 21 through 24. In the episode, they explore the significance of Gods laws in those chapters and how they establish moral order.

The panel discusses Exodus 21:23-24, which reads, And if any mischief follow, then thou shalt give life for life, eye for eye, tooth for tooth, hand for hand, foot for foot. Dennis Prager, co-founder of PragerU, says that these verses are a massive statement in history, and he brings the topic of the nature of human evil to the conversation.

I think it depends, to some degree, on the canniness of the interlocutor, Peterson said of human evil. I would say that if youre going to entice someone malevolent back onto the path of proper being, you have to be as canny in your good as they are in their evil. Thats an echo of the notion that you should be as wise as a serpent, as harmless as a dove.

I dont know what the limit to that is, because Ive seen people in extreme situations walk the path so precisely that they could entice even someone hell-bent on malevolence out of that insistence, Peterson continued.

Another topic Peterson and his panel discussed centered around the philosophy of punishment, what saying no means, and the consequences of doing something you were told not to, contributing to a broader conversation on moral order.

No in the final analysis means if you do that, something you do not like will certainly happen to you, Peterson said. If that isnt the promise behind your words when you say no, theres no promise there at all.

In the episode, Peterson is joined by social critic Os Guinness, Cambridge assistant professor James Orr, president of Ralston College Stephen Blackwood, president of Hillsdale College Larry Arnn, Christian thinker Jonathan Pageau, Dennis Prager, and Douglas Hedley, professor of philosophy of religion at Cambridge University. Select future episodes will include Daily Wire co-founder Ben Shapiro.

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This is the third of eight new episodes in the series, which will be released weekly, exploring the importance of Exodus according to theological and literary scholars and showing why the book remains significant thousands of years after being written.

For a deep dive into the Ten Commandments, you can watch previous episodes here. Additionally, Petersons documentary Logos & Literacy which explores the Museum of the Bible and the Bibles impact on society is available exclusively on DailyWire+.

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Social Media Bewildered Upon Discovering Old Clip Of Jordan Peterson Tearing Up While Describing Live Music – Know Your Meme

Jordan Peterson is known for being moved to tears by what some perceive as generally mundane human experiences, but this week, yet another clip of the psychologist nearly weeping has entered the "Jordan Peterson Crying" canon.

Yesterday, Twitter user @docnoir_ posted a remixed clip from 2022 of Peterson waxing poetic on the Joe Rogan Experience podcast about the time he saw a local band in Nashville play a cover of "Ghost Riders in the Sky." Praising the group's guitar player, Peterson says he's "dancing on the edge of chaos and order."

"Everyone is so taken by that, it lifts the mode of the normality of their existence," Peterson said, appearing to repress a sob. "They see this joy just transfuse them because they got an intimation of genuine meaning."

Luckily, multiple videos of the performance Peterson described exist, both on Mikhaila Peterson's Instagram and on YouTube.

While much of social media found Peterson's intense emotional response to a decent Nashville bar band humorously over-the-top, even some of his harshest critics conceded they were happy the guy had a regular human experience.

While not every band would celebrate the endorsement of a figure as divisive as Peterson, Kelley's Heroes, the band who moved Peterson to tears, seems to have taken it in stride. The act thanked Peterson for the shoutout on its Instagram page.

To this day, many commenters on their social media account say they discovered the band through Peterson's endorsement, along with jokes about how they play on the edge of chaos and order.

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Jordan Peterson Interviews Presidential Candidate Vivek Ramaswamy – The Daily Wire

The Jordan B. Peterson PodcastMar 20, 2023

Dr. Jordan B. Peterson and Vivek Ramaswamy discuss ESG investing, the culture wars, the upcoming US presidential election, and Viveks recently announced candidacy.

Vivek is an American business leader and New York Times bestselling author of Woke, Inc.: Inside Corporate Americas Social Justice Scam, along with his second book, Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence.

Born and raised in Cincinnati, Ohio, he often recounts the sage advice from his father: If youre going to stand out, then you might as well be outstanding. This set the course for his life: a nationally ranked tennis player, and the valedictorian of his high school, St. Xavier. He went on to graduate summa cum laude in Biology from Harvard and received his J.D. from Yale Law School while working at a hedge fund, then started a biotech company, Roivant Sciences, where he oversaw the development of five drugs that went on to become FDA-approved.

In 2022, he founded Strive, an Ohio-based asset management firm that directly competes with asset managers like BlackRock, State Street, Vanguard, and others, who use the money of everyday citizens to advance environmental and social agendas that many citizens and capital owners disagree with.

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Quantum light manipulation a step closer, with potential in medical imaging and quantum computing – Cosmos

For the first time, scientists have been able to identify and manipulate photons particles of light which are interacting with each other.

The breakthrough has implications for quantum technologies including advances in medical imaging and quantum computing.

Photons can also be thought of as packets of light energy, or quanta of light. Over a century ago, physicists coming to grips with the weird world of quantum mechanics discovered wave-particle duality. Photons, electrons and other subatomic particles behaved not as either particles or waves, but exhibited characteristics of both forms.

Einstein first proposed in 1916 (published in 1917) that you could get atoms to emit photons by exciting the electrons in the atoms with energy. This type of photon scattering is seen every day now in lasers (LASER = Light Amplification by Stimulated Emission of Radiation) with large numbers of photons.

But this new research shows stimulated emission for single photons.

Now, scientists at the University of Sydney and Switzerlands University of Basel teamed up to observe stimulated emission for single photons for the first time.

The physicists were able to directly measure the time delay between one photon and a pair of photons scattering of a single quantum dot.

A quantum dot is a type of artificial atom produced using a nanometre-sized crystal structure. Quantum dots can convert light of one wavelength into another wavelength photon.

This opens the door to the manipulation of what we can call quantum light, says the University of Sydneys DrSahand Mahmoodian. This fundamental science opens the pathway for advances in quantum-enhanced measurement techniques and photonic quantum computing.

Understanding the nature of light not only captures the imagination, but underpins much of modern technology including mobile phones, global communications networks, computers, GPS and modern medical imaging.

Further advances in our knowledge of how light works promises to underpin new technological innovations.

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Light has already shown promise, through optical fibres, as a replacement for electrical networks for near distortion-free and ultra-fast transfer of information.

Its when we want light to interact that things get a little messy.

For example, interferometers are now common measuring tools that work by merging two or more light sources to create an interference pattern. Interferometers are used in medical imaging and in some of the most advanced experiments in the world such as LIGO at Caltech which was the first to detect gravitational waves in 2015.

Interferometers are limited in their sensitivity by quantum effects which make it difficult to tell the many photons in the device apart.

The device we built induced such strong interactions between photons that we were able to observe the difference between one photon interacting with it compared to two, says Dr Natasha Tomm from the University of Basel. We observed that one photon was delayed by a longer time compared to two photons. With this really strong photon-photon interaction, the two photons become entangled in the form of what is called a two-photon bound state.

Such quantum light devices, as opposed to interferometers which until now have used classical laser light, promise to have far higher resolution and sensitivity.

The researchers say this will be useful in fields such as medical imaging, and further research will be aimed at manipulating quantum light to produce fault-tolerant quantum computers.

This experiment is beautiful, not only because it validates a fundamental effect stimulated emission at its ultimate limit, but it also represents a huge technological step towards advanced applications, Tomm explains.

We can apply the same principles to develop more-efficient devices that give us photon bound states. This is very promising for applications in a wide range of areas: from biology to advanced manufacturing and quantum information processing.

The research is published in Nature Physics.

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T-Systems to Offer Quantum Computing Expertise and Access to … – IBM Newsroom

T-Systems offerings range from one-day introductory sessions to business-case proofs-of-concept over several months

As part of the IBM Quantum Network, T-Systems to provide customers with cloud access to IBM quantum computers

Mar 23, 2023

T-Systems will now have the ability to provide its customers with cloud access to IBMs quantum systems, including multiple quantum computers powered by the 127-qubit IBM Eagle processor. Quantum computing aims to enable calculations that are beyond the means of even the worlds most advanced classical supercomputers. This announcement sees the Deutsche Telekom IT subsidiary embark on the path to providing access to this technology, as well as insights on how it can be applicable to its customers businesses. In addition, T-Systems will offer dedicated quantum know-how and training.

Customers will have access to T-Systems quantum services tailored to their needs, in a set of different customizable packages. These range from one-day introductory sessions, through to business case proofs-of-concept over several months. The use of IBM Quantum computational resources over the cloud including Qiskit Runtime, which allows for the optimization and efficient execution of workloads on quantum systems at scale together with T-Systems services, will lower the barrier to quantum computing. This will allow T-Systems to develop and test customers use-cases and prepare them for a future with quantum computing. T-Systems aims to host its own quantum infrastructure in the future, assisted by IBM.

Accelerating progress towards tomorrows solutions

Quantum computing is a rapidly emerging technology that harnesses the laws of quantum mechanics to solve problems that todays most powerful supercomputers cannot practically solve.

By integrating quantum computing into their portfolio, T-Systems aims to further leverage their leadership position in advisory, cloud services and digital solutions beyond the local markets in key focus industries. The ultimate goal is to provide clients with a seamless experience, incorporated into their cloud landscape, as they look to uncover the potential of quantum computing for their businesses.

Quantum computing will be central to tomorrows IT landscape. We are combining quantum and classical computing in a seamless and scalable customer experience. states Adel Al-Saleh, Deutsche Telekom board member and Chief Executive of T-Systems. Taking these first decisive steps will lower the access barrier to quantum computing. IBM has an established track record in quantum computing leadership. The company offers the worlds largest fleet of quantum computers, accessible over the cloud. Al-Saleh continues: In IBM, we have a trusted partner to deliver this future technology. It is a perfect match for our industry focus and expertise.

Organizations around the world are beginning to explore how quantum computing will impact their industry and business. By partnering with T-Systems as a cloud provider, we will be able to offer access to quantum technology to an even broader ecosystem. Our team at IBM is excited to support T-Systems and their customers exploration of, and aspirations for quantum applications for their business operations, says Scott Crowder, Vice President, IBM Quantum Adoption and Business Development.

Deutsche Telekom AG

Corporate Communications

Tel.: +49 228 181 49494

E-Mail: media@telekom.de

IBM Contact

Marie-Ann Maushart

IBM DACH communications

MAUSHART@de.ibm.com

Chris Nay

IBM Research communications

cnay@us.ibm.com

Further information for the media at:

http://www.telekom.com/media

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About Deutsche Telekom: https://www.telekom.com/companyprofile

About T-Systems: https://www.t-systems.com/de/en/about-t-systems/company

About IBM

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transforIBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit https://www.ibm.com/quantum

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Deutsche Telekom to offer IBM quantum computing in the cloud – Capacity Media

The unit will offer one-day introductory sessions and business-case proofs-of-concept that last several months, it said today.

TSystems CEO Adel Al-Saleh (pictured) said: Quantum computing will be central to tomorrows IT landscape. We are combining quantum and classical computing in a seamless and scalable customer experience.

The company will offer its customers with cloud access to IBMs quantum systems, including multiple quantum computers powered by the 127-qubit IBM Eagle processor.

Deutsche Telekom said this announcement sees its IT subsidiary embark on the path to providing access to this technology, as well as insights on how it can be applicable to its customers businesses. In addition, T-Systems will offer dedicated quantum know-how and training.

Taking these first decisive steps will lower the access barrier to quantum computing, said Al-Saleh.

The company said customers will have access to TSystems quantum services in a set of different customizable packages.

TSystems will develop and test customers use-cases via cloud access to IBMs quantum systems, but said it aims to host its own quantum infrastructure in the future, assisted by IBM. Al-Saleh said: In IBM, we have a trusted partner to deliver this future technology. It is a perfect match for our industry focus and expertise.

Scott Crowder, VP of IBMs quantum adoption and business development, said: By partnering with TSystems as a cloud provider, we will be able to offer access to quantum technology to an even broader ecosystem.

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Fujitsu and Osaka University Develop New Quantum Computing … – HPCwire

TOKYO and OSAKA, Japan, March 23, 2023 Fujitsu and Osaka Universitys Center for Quantum Information and Quantum Biology (QIQB) today revealed the development of a new, highly efficient analog rotation quantum computing architecture, representing a significant milestone toward the realization of practical quantum computing.

The new architecture reduces the number of physical qubits required for quantum error correction a prerequisite for the realization of fault-tolerant quantum computing by 90% from 1 million to 10,000 qubits. This breakthrough will allow research to embark on the construction of a quantum computer with 10,000 physical qubits and 64 logical qubits, which corresponds to computing performance of approximately 100,000 times that of the peak performance of conventional high performance computers.

Moving forward, Fujitsu and Osaka University will further refine this new architecture to lead the development of quantum computers in the early FTQC era, with the aim of applying quantum computing applications to a wide range of practical societal issues including material development and finance.

Error Correction for Fault-tolerant Computing: Making Practical Quantum a Reality

Gate-based quantum computers are expected to revolutionize research in a wide range of fields including quantum chemistry and complex financial systems, as they will offer significantly higher calculation performance than current classical computers. Logical qubits, which consist of multiple physical qubits, play a major key role in quantum error correction technology, and ultimately the realization of practical quantum computers that can provide fault-tolerant results.

Within conventional quantum computing architectures, calculations are performed using a combination of four error-corrected universal quantum gates (CNOT, H, S, and T gate). Within these architectures, especially quantum error correction for T-gates requires a large number of physical qubits, and rotation of the state vector in the quantum calculation requires repeated logical T-gate operations for approximately fifty times on average. Thus, the realization of a genuine fault-tolerant quantum computer is estimated to require more than one million physical qubits in total.

For this reason, quantum computers in the early FTQC era using conventional architecture for quantum error correction can only conduct calculations on a very limited scale below that of classical computers, as they work with a maximum of about 10,000 physical qubits, a number far below that required for genuine, fault-tolerant quantum computing.

To address these issues, Fujitsu and Osaka University developed a new, highly efficient analog rotation quantum computing architecture that is able to significantly reduce the number of physical qubits required for quantum error correction, and enable even quantum computers with 10,000 physical qubits to perform better than current classical computers, accelerating progress toward the realization of genuine, fault-tolerant quantum computing.

Fujitsu and Osaka University have been promoting joint R&D in quantum error correction technology including new quantum computation architectures for the early FTQC era at the Fujitsu Quantum Computing Joint Research Division, a collaborative research effort of the QIQB, established on October 1, 2021 at the campus of Osaka University as part of Fujitsus Fujitsu Small Research Laboratory program.

About the Newly Developed Quantum Computing Architecture

By redefining the universal quantum gate set, Fujitsu and Osaka University succeeded in implementing a phase rotating gate a world first which enables highly efficient phase rotation, a process which previously required a high number of physical qubits and quantum gate operations.

In contrast to conventional architectures that required repeated logical T-gate operations using a large number of physical qubits, gate operation within the new architecture is performed by phase rotating directly to any specified angle.

In this way, the two parties succeeded in reducing the number of qubits required for quantum error correction to around 10% of existing technologies, and the number of gate operations required for arbitrary rotation to approx. 5% of conventional architectures. In addition, Fujitsu and Osaka University suppressed quantum error probability in physical qubits to about 13%, thus achieving highly accurate calculations.

The newly developed computing architecture lays the foundation for the construction of a quantum computer with 10,000 physical qubits and 64 logical qubits, which corresponds to computing performance of approximately 100,000 times that of the peak performance of conventional high performance computers.

About Fujitsu

Fujitsus purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Fujitsus range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share.

About Osaka University

Osaka University was founded in 1931 as one of the seven imperial universities of Japan and is now one of Japans leading comprehensive universities with a broad disciplinary spectrum. This strength is coupled with a singular drive for innovation that extends throughout the scientific process, from fundamental research to the creation of applied technology with positive economic impacts. Its commitment to innovation has been recognized in Japan and around the world, being named Japans most innovative university in 2015 (Reuters 2015 Top 100) and one of the most innovative institutions in the world in 2017 (Innovative Universities and the Nature Index Innovation 2017). Now, Osaka University is leveraging its role as a Designated National University Corporation selected by the Ministry of Education, Culture, Sports, Science and Technology to contribute to innovation for human welfare, sustainable development of society, and social transformation.

Source: Fujitsu

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Quantum computing and seagliders mark the week’s defense … – Washington Technology

At the start of March, the venture capital arms of two blue chip defense hardware companies revealed a pair of investments in startup technology companies as part of the constant search for "what's next."

Roughly two weeks on from that, the venture organizations of Lockheed Martin and Raytheon Technologies have a new pair of investments in emerging firms to talk about.

Here are their latest finds announced Wednesday.

Lockheed Martin Ventures

For this team of the world's largest defense company, identifying creations of promise in power and propulsion is a top priority as they look to bring those technologies into the military environment.

REGENT, a maker of electric-powered sea vehicles, represents the newest investment of Lockheed Martin Ventures and follows on from the backing of electric motor manufacturer H3X Technologies announced at the beginning of March. Terms of the investment in REGENTwhich stands forRegional Electric Ground Effect Nautical Transportwere not disclosed.

As REGENT and Lockheed see things: The Defense Department wants to incorporate high-speed, low-cost, low-signature, runway-independent mobility into maritime vehicles. REGENT designs its seagliders to travel at airplane-like speeds for up to 180 miles between destinations on all-electric, zero-emission power.

The company was founded in late 2020 and touts having secured $7.9 billion in orders since then from major airlines and leading ferry operators. REGENT plans to use Lockheed's investment for adapting the seagliders for use in defense missions such as logistics resupply, cargo transport, and search and rescue.

We believe that REGENT seagliders can bring tailored solutions to the future battlespace," Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a release. This investment reflects our commitment to innovating technologies that have the potential to transform the way we adapt to our customers needs and support mission success."

"We see defense strategy evolving toward an island-hopping force featuring agile, affordable, and distributed craft, REGENT's co-founder and chief executive Billy Thalheimer added. This investment is a strong signal that seagliders can fill this immediate need in the high-priority missions faced by our Department of Defense."

RTX Ventures

This division of Raytheon Technologies is one of several investors that are committing capital to Strangeworks, a five-year-old company focused on making quantum computing a reality.

Strangeworks fetched $24 million in a Series A funding led by Hitachi's venture capital arm, with RTX Ventures and IBM lined up as new investors. Lightspeed Venture Partners, Great Point Ventures and Ecliptic Capital made follow-on investments into a company they helped stand up with initial seed money.

The idea behind quantum is to increase computing power by encoding information through chains of entangled subatomic particles.

Traditional computers encode information through bits that are represented as either a 1 or 0. But quantum bits, or qubits, work to superimpose that bit value to be both a 1 and 0 at the same time and thus generating more computing power.

Strangeworks secured this funding round for its five-year plan to further develop the quantum computing capability and incorporate artificial intelligence into those new products.

"We believe Strangeworks' platform and their ability to make quantum and high-performance computing more accessible can support a wide range of applications in the aerospace, defense, and commercial sectors," Dan Ateya, president and managing director of RTX Ventures, said in a release.

"Raising the Series A from these exceptional investors in this challenging economic climate sends a clear message to the market on where enterprise companies are placing their bets in the race to create quantum value," Strangeworks' founder and CEO William Hurley added.

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Mikhail Lukin named University Professor Harvard Gazette – Harvard Gazette

Mikhail Lukin, a pioneer and leader in quantum science and quantum computing, has been named a University Professor, Harvards highest honor for faculty.

Beginning July 1, Lukin will hold the University Professorship established by Joshua Friedman 76, M.B.A. 80, J.D. 82, and Beth Friedman in 2017. The chair supports a tenured faculty member who has shown both extraordinary academic accomplishment and leadership within the University community.

A pioneer in applying quantum optics for quantum computing purposes, Professor Lukin is central to the Universitys ambitions in quantum science and engineering, Harvard President Larry Bacow said. As co-director of both the Harvard-MIT Center for Ultracold Atoms and the Harvard Quantum Initiative in Science and Engineering, he produces work that is not only elegant and beautiful, but also enormously promising in its capacity to create innovations that are likely to change many of our lives. It is a pleasure to welcome one of the best quantum information scientists in the world into the ranks of the University Professor.

Lukins work in quantum science and engineering aims to use quantum superposition and quantum entanglement the fundamental phenomena governing the interactions between photons, atoms, molecules, and electrons to create new devices and applications, including quantum computers.

Classical computers, such as smartphones and laptops, depend on binary bits of data denoted as 1s and 0s. Quantum computers use quantum bits, or qubits. Due to quantum superposition, which is the ability of something at the quantum level to be in multiple states at one time, qubits can be 1s, 0s, or both simultaneously. Because of qubits properties, quantum computers can solve highly complex computations in a few hundred minutes that would take a classical computer more than 10,000 years.

A pioneer in applying quantum optics for quantum computing purposes, Professor Lukin is central to the Universitys ambitions in quantum science and engineering.

Larry Bacow, Harvard president

According to Lukin, quantum computing has a potential to transform science and society, and the current era is akin to the early days of transistors and conventional computers, with many exciting opportunities that cut across physics, chemistry, biology, engineering, and computer science.

Quantum is a unique field, truly interdisciplinary, originating from physics, chemistry, and mathematics, with implications to philosophy, and more recently connections to engineering, computer science, business, global security, and public policy. At Harvard we have a truly extraordinary community that includes an exceptional group of students, postdocs, and faculty that closely collaborate across many departments and Schools, making it a very special place to do this work, said Lukin, who is currently the George Vasmer Leverett Professor of Physics. This groups collaborative efforts have already transformed the cutting-edge frontier in this field, and with this professorship, I hope to be able to help elevate this work even further by bringing together scientists and engineers to explore new scientific directions, make new discoveries, and realize applications that address the biggest challenges facing the world.

Lukin grew up in Russia at the end of the Cold War. He has said that those formative years were an unusual time that was extremely challenging, but he was fortunate to be taught by dedicated individuals who piqued his interest in physics and solving scientific problems while he earned his masters degree from the Moscow Institute of Physics and Technology.

When he arrived in the early 1990s at Texas A&M University in College Station, where he received his doctorate, and later when he came to Harvards Institute for Theoretical Atomic and Molecular Physics as a postdoc, Lukin said that he was very lucky to work with a remarkable group of mentors and peers who took him seriously as a researcher, but also helped him to mature and develop both as a scientist and a member of his community.

Inspired by the influence of his mentors, Lukin has advised or sponsored more than 150 graduate students and postdoctoral fellows. He has also published more than 450 papers and has received several of the top awards in his field, including the I.I. Rabi Prize of American Physical Society (2009), the Willis E. Lamb Award for Quantum Optics and Laser Science (2017), the Charles Hard Townes Award of the Optical Society of America (2021), and the Norman F. Ramsey Prize of American Physical Society (2022).

The first University Professorships were created in 1935 as a means to recognize individuals of distinction working on the frontiers of knowledge, and in such a way as to cross the conventional boundaries of the specialties. With the addition of Lukin, 25 Harvard faculty members across the University currently hold this honor.

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D-Wave hello to another quantum pioneer warned over possible delisting – The Register

D-Wave Quantum Inc is being warned by the New York Stock Exchange that it no longer complies with the regulations that govern listed businesses because its share price has been sitting under $1 for 30 trading days.

The Notice of Non-Compliance specifically Section 802.01C of the Exchange's Listed Company Manual hit the business's desk on March 15, the quantum company confirmed late yesterday.

This does not mean common stock in D-Wave Quantum will be delisted immediately. The business said it had told the NYSE that it "intends to cure the stock price deficiency and to return to compliance."

In a statement it adds that it has six months following the NYSE notice to "regain compliance" but its stock will need to be priced at higher than at least $1 for a 30-day trading period.

If D-Wave Quantum decides the actions it needs to take require shareholder approval, it'll need to tell the NYSE.

"The company intends to consider available alternatives, including but not limited to a reverse stock split, that are subject to shareholder approval," D-Wave says.

Founded in 1999, D-Wave has built itself around a type of quantum computer called a quantum annealing system but more recently started to develop its own quantum gate tech. It has developed five generations of systems so far. Customers include VM, Lockheed Martin and Accenture.

Revenue for the nine months ended 30 September 2022 was $4.8 million, up 24 percent year-on-year, and it recorded a net loss of $37.9 million versus a net loss of $17.7 million, not helped by surging operating expenses.

D-Wave was listed on the NYSE last year after merging with DPCM Capital, a special purpose acquisition company, and is the second such business trying to build a quantum computer to fall foul of stock market regulations.

Startup Rigetti confirmed in February that it was facing a delisting from the Nasdaq because its share price had fallen below the $1 mark, meaning it too was out of compliance with the rules. Rigetti revealed at the time it was also chopping one in four staff to cut costs and had revised its roadmap. The company will also has until July 24 to get back in compliance. Its stock price was $0.64 yesterday, up from $0.53 on Wednesday last week.

Industry experts believe development of a full-blown quantum computer is still way off in the distance.

"Quantum is a peak hype segment and is likely to remain so for the foreseeable future," Gartner VP analyst for Quantum Technologies, AI Infrastructures, and Supercomputing Chirag Dekate told us in February.

"The quantum segment is also highly fragmented with an estimated 600+ startups and some established companies currently operating in the space. This level of market activity is unusual and unsustainable for a market segment that currently does not deliver business value," he added.

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