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Kabosu, the dog that inspired the dogecoin meme, has died – CBC.ca

The famous Japanese rescue dog that helped make a form of cryptocurrency famous, has died.

The dog, named Kabosu, was 18.

Kabusus owner, Atsuko Sato, announced the news in a blog post on May 24.

Kabosu was a Japanese shiba inu dog who rose to fame in 2013.

The dogs face became a meme associated with a cryptocurrency called dogecoin.

Millions of images of the dog were shared on social media at the time.

Eventually, Kabosus smiling face became the image on the digital coin.

Kabosu and her owner, Atsuko Sato, got to visit a statue of Kabosu in a park in Sakura, Japan, in March. (Image credit: Philip Fong/AFP/Getty Images)

Dogecoin, which is pronounced dOHJ coin, is a form of virtual money called cryptocurrency, which only exists online.

A couple of engineers invented dogecoin in 2013 by mashing together the most popular form of cryptocurrency, called bitcoin, and a meme of Kabosu.

It jumped in value in 2020 after billionaire Elon Musk began tweeting about it.

Musk owns companies like Tesla, SpaceX and X (formerly Twitter).

The influential billionaire has repeatedly promoted the coin.

Have more questions? Want to tell us how we're doing? Use the send us feedback link below.

With files from Reuters

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Bringing clarity to cryptocurrency – Washington Times

OPINION:

As the FTX collapse demonstrated in 2022, issuing and trading digital assetsincluding cryptocurrenciesneed clear rules of the road.

The regulatory gaps in the digital asset market must be filled by legislation, not by independent agencies ruling by enforcement. If Congress does not take action, Securities and Exchange Commission (SEC) Chairman Gary Gensler will continue to exercise broad authority over all digital assets.

Thats why we collaborated with House Financial Services Committee Chairman Rep. Patrick McHenry (R-NC) and House Agriculture Committee Chairman G.T. Thompson (R-PA) to craft our Financial Innovation and Technology for the 21st Century Act (FIT21), which crafts a fit for purpose regulatory framework for digital assets that protects consumers and investors while keeping innovation in the United States.

This type of committee collaboration is unprecedented and may be the most substantial piece of digital asset legislation in Congresss history. FIT21 directs the SEC and Commodity Futures Trading Commission (CFTC), along with the bank supervisors, on how to classify cryptocurrencies and other digital assets as securities or commodities.

Since our two committees passed FIT21 last summer, this bill has incorporated our members bipartisan priorities. We believe it fully responds to the Financial Stability Oversight Council (FSOC) and the Presidents Executive Order on Ensuring Responsible Development of Digital Assets.

Digital asset regulation is making further bipartisan strides in Congress. This past week, both the House and Senate sent the SEC and White House a clear, bipartisan message to nullify their SAB 121 rule, which is detrimental to consumer protection and yet another example of SEC Chair Genslers reckless rule-by-enforcement approach to cryptocurrency. Democrats in the House and Senate voted to roll back SAB 121, signaling that protecting consumers and preserving innovation in America are priorities for lawmakers on both sides of the aisle.

The FIT for the 21st Century Act is a pragmatic legislative solution that ensures both crypto-native and traditional finance companies can sensibly innovate in this market while establishing consumer protections that are currently clearly inadequate.

As Chairmen of the Digital Asset Subcommittees, we remain committed to passing our landmark legislation into law. This week, our historic bill heads to the House Floor, where it must pass to ensure America continues fostering innovation and remains a global tech and finance hub.

French Hill represents Arkansass Second Congressional District and Dusty Johnson represents the state of South Dakota at-large in the U.S. House of Representatives.

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Cryptocurrency: Top 3 Memecoins Predicted to Explode in June – Watcher Guru

After a significant rally yesterday, the cryptocurrency market seems to be cooling off once again. Bitcoin (BTC) has fallen to the $69,000 mark, while the global market cap has dropped to $2.72 trillion. The rally was fuelled by positive movements in the spot Ethereum (ETH) ETF (Exchange Traded Fund) debate. The SEC (Securities and Exchange Commission) asked exchanges interested in the ETF to update their 19b-4 filings. However, the move did not mean an outright approval, leading to a market correction.

Despite the slight correction, we may witness a few assets explode over the next few weeks.

Pepe (PEPE):

Pepe is among the best-performing crypto assets over the last year. The frog-themed memecoin hit an all-time high of $0.00001441 on Thursday, May 23, 2024. However, analysts anticipate the memecoin to continue its bullish trajectory for the next few weeks at least.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In June 2024

According to CoinCodex, PEPE could surge to $0.00004858 on June 20, 2024. Reaching $0.00004858 from current levels would translate to a growth of about 242.3%.

Changelly also predicts that PEPE will continue its rally in June. The platform anticipates the cryptocurrency to hit a new all-time high of $0.00003749 on June 18, 2024.

dogwifhat (WIF):

WIF is another cryptocurrency that has displayed stellar growth over the last few months. The Solana-based memecoin reached an all-time high of $4.83 on Mar. 31, 2024. However, CoinCodex predicts WIF to surpass the $10 mark next month. The platform anticipates WIF to hit $10.03 on June 19, 2024. Reaching $10.03 from current levels would translate to a growth of about 235.45%.

Shiba Inu (SHIB):

Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The dog-themed crypto witnessed a massive price spike in March, following BTCs climb to a new all-time high. However, SHIBs price has struggled to gain momentum over the last few weeks.

Also Read: Shiba Inu: Top 3 Things That Can Take SHIB To $0.001

According to CoinCodex, SHIB could surge to a new all-time high of $0.00008625 on June 20, 2024. Reaching $0.00008625 from current levels would translate to a growth of about 239.1%.

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Kabosu, the Face of Cryptocurrency Dogecoin, Dies at 18, Owner Says – Asharq Al-awsat – English

The Saudi Data and Artificial Intelligence Authority (SDAIA) announced on Tuesday that its ALLaM model, which generates Arabic text, was included in IBMs leading watsonx platform.

The announcement was made at the IBM Think event underway in Boston.

This selection is testament to ALLaMs advanced technical capabilities.

During its experimental phase, the model underwent rigorous testing against international standards for generative AI to ensure its readiness to compete with other models on watsonx, a platform widely used by developers around the globe.

Currently available in a trial version, ALLaMs inclusion in watsonx allows for further professional evaluation. The testing will be instrumental in accelerating the release of the model's full capabilities and establishing it as a highly competitive force in the field of Arabic language generation.

The inclusion also aligns with Saudi Arabia's, specifically with SDAIA's, broader mission to promote the Arabic language on regional and global scale. The efforts focus on preserving the integrity of the language while promoting its use by enriching Arabic content in various fields, including technical, cultural, literary, scientific, and other humanities-based domains.

Ultimately, this initiative aims to leverage AI technologies and digital applications to foster cultural diversity and benefit all humanity, regardless of language, nationality, or educational background.

These efforts contribute to the goals outlined in Saudi Vision 2030, driven by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister of the Kingdom of Saudi Arabia, and Chairman of the Board of Directors of SDAIA, to make the Kingdom a global leader in advanced technologies, including those associated with AI.

ALLaM is the first Saudi-developed AI system designed to answer user questions on different knowledge domains in Arabic.

The groundbreaking model leverages cutting-edge AI technology. Trained on a massive Arabic language dataset, one of the world's largest, and supplemented by English content, ALLaM ensures comprehensive responses.

Users can submit inquiries in text or audio format, and ALLaM will answer in the chosen format, drawing from the most trusted sources in the Kingdom and the Arab world.

The ALLaM model is the product of the SDAIA-IBM partnership. This collaboration is a significant milestone on the road to advancing Arabic language applications within generative AI, said Regional Vice President of IBM Saudi Arabia Ayman Al-Rashed.

"This cooperation unlocks the potential of Arabic language models for both public and private sectors, aligning with the cultural needs of the region," he added.

Al-Rashed further highlighted the broader impact of this project, stressing: "Companies can leverage these models to develop innovative services."

This latest development strengthens Saudi Arabia's position as a leader in AI technology tailored to the specific needs of the regional market, he went on to say.

Artificial intelligence experts, technicians, innovators, company presidents, and policymakers formed part of the IBM Think event.

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The 2025 Millionaire’s Club: 3 Quantum Computing Stocks to Buy Now – InvestorPlace

The current rage is about artificial intelligence, but the advancement of the AI field relies on a few key elements including quantum computing

Source: Faces Portrait / Shutterstock.com

If youre on the hunt for quantum computing stocks to buy, youre in the right place. For the past several years, artificial intelligence (AI) has taken the front stage. Notjust in the techfield,but also in the stock market.AI advancement has been tremendous, allowingbusinesses, bothlarge and small,to automate some of their processes.Some of the largest companies have ramped uptheirinvesting in AI teams and divisions, amounting to billions of dollars in additional capital justto keep up with others in the field.

However,there is a newcomer to the field that is independent of AI but will complement it in the future, which is quantum computing. But what is it exactly?Quantum computing uses specialized algorithms and hardware while using quantum mechanics to solve complex problems that typical computerswill takeeithertoo long to solveorcannot solve entirely.Although the world of quantum computing and AI is incredibly complex, we have simplified investing in the field by narrowing it down to 3 companiesthat areat the forefront of the industry, while still being diversified.

Source: Piotr Swat / Shutterstock.com

Nvidia (NASDAQ:NVDA) is an American-based and international leader in the designing and manufacturing of graphics processing units. Although the companys main focus currently is on the AI market, it also has a division that focuses on the quantum computing industry. The stock currently trades at about $924, with a price target of $1,100. This new price target is almost $200 more than the current trading price of a stock, signifying a significant upside potential for Nvidia.

The company accelerates quantum computing centers around the world with its proprietary CUDA-Q platform. The platform also ties quantum computing into AI, allowing the system to solve new and countless problems much faster than before.

The stock currently trades at 36.53x forward earnings. This is about 20% lower in comparison to the stocks own five-year average forward price to earnings (P/E) ratio of 46.14x. Thus, considering what the stock usually trades for, it might be relatively undervalued and at a great point to scoop up some shares.

The company that goes hand in hand with the internet is Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The American company first started as a search engine in the late 90s with its main goal of creating the perfect search engine. Fast forward 25 years and you now have a multi-trillion-dollar international company with departments in tech, consumer electronics, data, AI, e-commerce and quantum computing. The companys stock currently trades at about $177 but is on track to rise to an average of $195, with a high of $225 in the next 12 months.

In recent years, it has set out to build the best quantum computing for otherwise impossible problems with the introduction of XPRIZE Quantum Applications and Quantum AI. The program is designed to advance the field of algorithms relating to quantum computing with real-world applications.

As such, the company is in a quickly growing phase, and EPS is forecast to soar from $5.80 last year to over $7.84 by 2025. This makes it a great pick for any investor.

Intel (NYSE:INTC) has specialized in semiconductors since its founding in Mountain View, California in 1968. The company is the worlds largest manufacturer of semiconductors and CPUs and has been since its founding. Intels stock is at about $32 and the average price target is $39.63, with a low of $17 and a high of $68. This would mean an upside potential of almost 24%, on average.

The company has invested heavily in quantum computing in the past several years and is currently putting its expertise to good use, creating hot silicon spin qubits. Qubits are essentially small computing devices that perform differently than typical transistors while also operating at high temperatures.

The company is working diligently on applying the qubits into quantum computing chips that can be used to advance countless fields, while also working with AI systems. All this work is not for nothing. The company is translating this into earnings growth with EPS expected to rise from $1.01 at the end of this year to $1.80 by the end of 2025. As such, this stock should be on any investors watch list.

On the date of publication, Ian Hartana and Vayun Chugh did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Chandler Capital is the work of Ian Hartana and Vayun Chugh. Ian Hartana and Vayun Chugh are both self-taught investors whose work has been featured in Seeking Alpha. Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare.

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3 Quantum Computing Stocks to Buy Be Millionaire-Makers: May – InvestorPlace

Source: Bartlomiej K. Wroblewski / Shutterstock.com

Dont miss out on this exceptional chance to invest in quantum computing stocks to buy that could be millionaire makers while their valuations remain low. These innovative tech companies are developing cutting-edge quantum computing systems with the potential to generate massive returns for investors who get in early.

The quantum computing stocks featured below are poised to commercialize their technology across multiple industries. Quantum computing promises to transform various sectors of our world, from financial services to medical research. Also, it may enable groundbreaking advances and discoveries that arent possible with traditional classical computing.

The three quantum computing stocks to buy outlined in this article represent the best opportunities investors have to compound their wealth to seven figures. Weve only just started to see the potential of this industry and understand the implications of this new tech.

So, here are three quantum computing stocks for investors who want to earn a potential seven-figure sum.

Source: zakiahza / Shutterstock.com

Hewlett Packard Enterprise (NYSE:HPE) focuses on IT and quantum computing through its Intelligent Edge segment. The company has demonstrated significant achievements in quantum computing research.

HPEs Intelligent Edge segment provides solutions that bring computation closer to the data source. Integrating quantum computing capabilities with Intelligent Edge technologies can offer unique advantages, such as real-time data processing and enhanced decision-making capabilities at the networks edge.

Most recently, the Intelligent Edge segment reported revenue of $902 million, an increase of 9% year-over-year. This segment continues to grow, driven by strong demand for edge computing solutions. The company also achieved an EPS of $0.48, which surpassed the consensus estimate of $0.45. This compares to an EPS of $0.63 in the same quarter of the previous year.

HPE is a well-known brand akin to a more modern version of IBM (NYSE:IBM). It could be a good pick for those who like to stay with the blue-chip options while also having the potential to mint new millionaires.

IonQ (NYSE:IONQ) is a leader in developing trapped-ion quantum computers and making significant strides in the field. The company collaborates with major cloud platforms.

IonQs primary technology involves trapped-ion quantum computers, which utilize ions trapped in electromagnetic fields as qubits. This technology is known for its high-fidelity operations and stability.

Recently, IonQ achieved a milestone of 35 algorithmic qubits with its IonQ Forte system, a year ahead of schedule. This achievement allows the system to handle more sophisticated and more extensive quantum circuits. IonQs growth and technological advancements have been recognized in various industry lists, such as Fast Companys 2023 Next Big Things in Tech List and Deloittes 2023 Technology Fast 500 List.

With a market cap of just 1.79 billion, it remains a small-cap quantum computing stock that could hold significant upside potential for investors. Its developments so far have been promising, and it could prove to be a company that will make early investors rich.

Pure-play quantum computing company Rigetti Computing (NASDAQ:RGTI) is known for its vertically integrated approach. This includes designing and manufacturing quantum processors.

Rigetti has achieved a significant milestone with its 128-qubit chip, which promises to advance quantum computing capabilities and enable new applications. This development is a key part of Rigettis roadmap to scale up quantum systems and improve performance metrics.

Also, in Q1 2024, Rigetti reported a 99.3% median 2-qubit gate fidelity on its 9-qubit Ankaa-class processor. This high level of fidelity is crucial for reliable quantum computations and positions Rigetti well against competitors.

The market cap of RGTI is a fraction of IONQs at just under 200 million at the time of writing. Its progress is similarly impressive, so it could hold significant upside and potentially mint a new generation of millionaires with a large enough investment.

On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.

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Amazon taps Finland’s IQM for its first EU quantum computing service – TNW

IQM Garnet, a 20-qubit quantum processing unit (QPU) is now available via Amazon Web Services (AWS) the first quantum computer accessible via AWS cloud in the European Union.

Finnish quantum hardware startup IQM is based outside of Helsinki, Finland. AWS previously has collaborations in place with IonQ, Oxford Quantum Circuits, QuEra, and Rigetti for its quantum cloud service known as Braket, but this will be the first AWS quantum processor hosted within the EU.

This also means that it is the first time Amazons quantum services will be accessible to end users in its AWS Europe (Stockholm) Region. It is also the first time IQMs quantum computers will be available in an on-demand structure via the cloud, and with AWS pay-as-you-go pricing.

We are very honoured to be part of the Amazon network and work together with a global tech company, Jan Goetz, co-CEO and co-founder at IQM told TNW. For IQM, this is a great opportunity to scale our offering globally and collaborate with leading end-users around the world.

Goetz further added that the joint offering was a great step forward for cloud quantum computing, and would enable cloud users to test novel types of algorithms and use-cases to develop their business.

As most of our readers will probably know, todays noisy and error-prone quantum computers cannot really do all that much yet. However, the technology is currently advancing incredibly fast. Learning to work with it will not happen overnight.

As such a whole business model has sprung up around getting organisations and corporations quantum-ready, so that they wont be caught off guard when quantum utility arrives. Todays smaller qubit systems are also training grounds for software developers, many of whom are working on solving the issue of error correction. In the context of cloud, IQM Garnet is mostly used by quantum algorithm engineers to develop IP around quantum compilers, algorithms, and error correction schemes, Max Haeberlein, Head of Cloud at IQM told TNW. IQM Garnet offers a highly homogenous layout and has cutting-edge fidelities, allowing users to effectively expand algorithms to the full size of the chip.

At the same time, Haeberlein said, the company offers IQM Garnet at affordable rates, which is especially important for the growing quantum algorithm startup scene.

IQM, founded in 2018, is Europes leading quantum hardware developer in superconducting qubits. In the beginning of next year the company plans to add a high-fidelity IQM Radiance 54-qubit quantum computer to its portfolio.

This, according to Haeberlein, will enable users to extend quantum algorithms beyond the point where they can still be classically emulated by supercomputers. In 2026, we release IQM Radiance with 150 qubits, where we will see the first commercial algorithm applications of scale in the domain of finance, automotive, life sciences, and chemicals, he adds.

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The power of Quantum Computing – The Cryptonomist

One of the exponential technologies that is not yet getting its fair share of love from the general public and media is Quantum computing. In the past few years, I had the privilege of spending time discussing it with people from CERN and the Fermi Lab, but my conversation with Scott Crowder, Vice President IBM Quantum Adoption and Business Development, had the right mix of theory and real-life examples, which will make anyone understand the potential of this field of research and its business applications. AI will keep its hype for a good while, as we see from its pervasive presence in every corner of the internet. Quantum can be the next big thing. This is our dialogue.

Who are you and what do you do for a living?

My name is Scott Crowder, and I run IBMs Quantum efforts to boost its adoption, together with our partners and industry clients. Our goal is to build a useful Quantum computing infrastructure and to help the world make a Quantum-safe transition, in the next ten years or so. I am an engineer by training and had worked on semi-conductors in the past, before taking on the role of CTO for IBM Systems. With Quantum, its the first time where we have a use first attitude, where we try things with partners, we teach and learn with our clients, before we scale-up projects. Its interesting and its fun.

What are the three killer use cases for Quantum, for what we know now?

Firstly, simulating nature, like materials science new materials, or chemistry, for example better battery chemistry, to mention something that is very hot right now. We do physics simulations or try to understand how complex proteins would behave. These are operations that entail higher computing power than what we could do with todays computers.

Secondly, we try to find patterns out of complex data. For example, a classification of a piece of data as fraud or not. If there is some structure in the data before us, Quantum computing is much better than classical computers to give meaning to it and even pick up things like false positives. This is extremely useful, if we want to make sense of the world.

Lastly, I would say, portfolio optimization, finding efficiencies, and distribution optimization. There are direct and huge applications here, for multiple industries. Think of the mobility or logistics markets, for example. This third use case is slightly farther out from us, in terms of time to market, when compared to the first two.

Where are we really, when it comes to Quantum adoption in the real world?

To simplify it: Quantum is better at doing what it does best, namely simulations. For sure, to do it at scale, larger systems are needed. So, we are looking at 2030 and beyond. What we are doing now is, lets say, algorithmic explorations. We work with a mix of partners: heavy industry conglomerates, banking, pharma, transportation, and startups. And, obviously, universities and research institutions.

Big Tech is also into Quantum, even though the talk of the town is AI. Intel, Microsoft, Google, AWS: all have investments and programs in Quantum, with different approaches to it.

What is the future business model of Quantum? How are you going to sell it?

Its hard to say right now. We must make some assumptions. Its probably going to continue to be, in the medium term, a cloud service, where partners have access to the Quantum capabilities we have built, via API calls, and they can interact with our experts, who help with the prototyping and the training. Basically, its going to be the same as a standard cloud business model. There will be ad hoc projects for sure, where the stakes are high, and we can unlock tremendous economic value. In a way, the approach is more like how we weave CPUs and GPUs into a compute fabric, and not via a single application per se, like a Chat GPT for Quantum.

What would you say is the number one risk associated with Quantum?

Cybersecurity is for sure the number one risk. Future, more powerful Quantum computers will crack at some point the current asymmetric cryptography, which protects public and private information, for example (mobile data, payments, medical records, etc). The math for that already exists. There are Quantum-safe cryptography solutions, but a full ecosystem of security providers and coding will need to change, to account for the Quantum shift, and to make sure we have a Quantum safe era.

Where can we find you and learn more about Quantum?

A simple search for anything related to IBM Quantum will do. I am also active on social media, like LinkedIn. IBM writes a lot of articles on Quantum. We need to talk about it publicly, and have people understand this is real, and it has great potential to bring tremendous value to society and business, across all industries. You may think this is science fiction, as its going to hit us in our next decade, but it is a new way of approaching complex problems. It could help other applications and use cases, as well, like AI, and this is why its the right moment to talk Quantum.

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Aramco signs agreement with Pasqal to deploy first quantum computer in the Kingdom of Saudi Arabia – Aramco

Aramco, one of the worlds leading integrated energy and chemicals companies, has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom of Saudi Arabia.

The agreement will see Pasqal install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.

Ahmad Al-Khowaiter, Aramco EVP of Technology & Innovation, said: Aramco is delighted to partner with Pasqal to bring cutting-edge, high-performance quantum computing capabilities to the Kingdom. In a rapidly evolving digital landscape, we believe it is crucial to seize opportunities presented by new, impactful technologies and we aim to pioneer the use of quantum computing in the energy sector. Our agreement with Pasqal allows us to harness the expertise of a leading player in this field, as we continue to build state-of-the-art solutions into our business. It is also further evidence of our contribution to the growth of the digital economy in Saudi Arabia.

Georges-Olivier Reymond, Pasqal CEO & Co-founder, said: The era of quantum computing is here. No longer confined to theory, it's transitioning to real-world applications, empowering organisations to solve previously intractable problems at scale. Since launching Pasqal in 2019, we have directed our efforts towards concrete quantum computing algorithms immediately applicable to customer use cases. Through this agreement, we'll be at the forefront of accelerating commercial adoption of this transformative technology in Saudi Arabia. This isn't just any quantum computer; it will be the most powerful tool deployed for industrial usages, unlocking a new era of innovation for businesses and society.

The quantum computer will initially use an approach called analog mode. Within the following year, the system will be upgraded to a more advanced hybrid analog-digital mode, which is more powerful and able to solve even more complex problems.

Pasqal and Aramco intend to leverage the quantum computer to identify new use cases, and have an ambitious vision to establish a powerhouse for quantum research within Saudi Arabia. This would involve leading academic institutions with the aim of fostering breakthroughs in quantum algorithm development a crucial step for unlocking the true potential of quantum computing.

The agreement also accelerates Pasqal's activity in Saudi Arabia, having established an office in the Kingdom in 2023, and follows the signing of a Memorandum of Understanding between the companies in 2022 to collaborate on quantum computing capabilities and applications in the energy sector. In 2023, Aramco's Wa'ed Ventures also participated in Pasqal's Series B fundraising round.

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ISC 2024 A Few Quantum Gems and Slides from a Packed QC Agenda – HPCwire

If you were looking for quantum computing content, ISC 2024 was a good place to be last week there were around 20 quantum computing related sessions. QC even earned a slide in Kathy Yelicks opening keynote Beyond Exascale. Many of the quantum sessions (and, of course, others) were video-recorded and ISC has now made them freely accessble.

Not all were recorded. For example what sounded like a tantalizing BOF panel Toward Hardware Agnostic Standards in Hybrid HPC/Quantum Computing featuring Bill Gropp (NCSA, University of Illinois), Philippe Deniel (Commissariat Energie Atomique (CEA)), Mitsuhisa Sato (RIKEN), Travis Humble (ORNL), Venkatesh Kannan (Irelands High Performance Centre), and Kristel Michielsen (Julich Supercomputing Center). Was sorry to miss that.

Regardless, theres a wealth of material online and its worth looking through the ISC 2024 inventory for subjects, speakers, and companies of interest (registration may be required). Compiled below are a few QC soundbites from ISC.

Yelick, vice chancellor for research at the University of California, covered a lot of ground in her keynote examining the tension and opportunities emerging from the clash of traditional FP64 HPC and mixed-precision AI and how the commercial supply line of advanced chips is changing. Quantum computing earned a much smaller slice.

I really just have this one slide about quantum. Theres been some really exciting progress if you have been following this and things like error correction over the last year with really, significant improvements in terms of the ability to build error corrected quantum systems. On the other hand, I would say we dont yet have an integrated circuit kind of transistor model yet, right. Weve got a bunch of transistors, [i.e.] weve got a whole bunch of different kinds of qubits that you can build, [and] theres still some debate [over them].

In fact, the latest one of the latest big error correction results was actually not for the superconducting qubits, which is what a lot of the early startups were in, but for the AMO (atomic, molecular, optical) physics. So this is really looking at the fact that were not yet at a place where we can rely on this for the next generation of computing, which is not to say that we should be ignoring it. Im really interested to see how [quantum computing evolves and] also thinking about how much classical computing were going to need with quantum because thats also going to be a big challenge with quantum. [Its] very exciting, but its not replacing also general purpose kind of computing that we do for science and engineering.

Not sure if thats a glass half-full or half-empty perspective. Actually, many of the remaining sessions tackled the questions she posed, including the best way to implement hyrbid HPC-Quantum system, error correction and error mitigation, and the jostling among competing qubit types.

It was easy to sympathize (sort of) with speakers presenting at the Quantum Computing Status of Technologies session, moderated by Valeria Bartsch of Fraunhofer CFL. The speakers came from companies developing different qubit modalities and, naturally, at least a small portion of their brief talks touted their company technology.

She asked, Heres another [submitted question]. What is the most promising quantum computing technology that your company is not developing yourself? I love that one. And everybody has to answer it now. You can think for a few seconds.

Very broadly speaking neutral atom, trapped ion, and superconducting are perhaps the most advanced qubit modalities currently and each speaker presented a bit of background on their companies technology and progress. Trapped ions boast long coherence times but somewhat slower swicthing speeds. Superconducting qubits are fast, and perhaps easier to scale, but error prone. Neutral atoms also have long coherence times but have so far been mostly used for analog computing though efforts are moving quickly to implement gate-based computing. To Hayes point, Marjorana (topology) qubits would be inherently resistant to error.

Not officially part of the ISC program, Hyperion delivered its mid-year HPC market update online just before the conference. The full HPCwire coverage is here and Hyperion said it planned to put its recorded presentation and slides available on its website. Chief Quantum Analyst Bob Sorensen provided a brief QC snapshot during the update predicting the WW QC market will surpass $1 billion in 2025.

Sorensen noted, So this is a quick chart (above) that just shows the combination of the last four estimates that we made, you can see starting in 2019, all the way up to this 2023 estimate that reaches that $1.5 billion in 2026 I talked about earlier. Now my concern here is always its dangerous to project out too far. So we do tend to limit the forecast to these kinds of short ranges, simply because a nascent sector like quantum, which has so much potential, but at the same time has some significant technical hurdles to overcome [which] means that there can be an inflection point most likely though in the upward direction.

He also pointed out that a new use case, a new breakthrough in modality or algorithms, any kind of significant driver that brings more interest in and performance to quantum kick can significantly change the trajectory here on the upside.

Sorensen said, Just to give you a sense of how these vendors that we spoke to looked at algorithms, we see the big three are still the big three in mod-sim, optimization, and AI with with some interest in cybersecurity aspects, post quantum encryption kinds of research and such as well as Monte Carlo processes taking advantage of quantum stability to generate random number generator, provable random numbers to support the Monte Carlo processing.

Interesting here is that were seeing a lot more other (17%). This is the first time weve seen that. We think it is [not so much] about new algorithms, but perhaps hybrid mod-sim optimized or machine learning that feeds into the optimization process. So we think were seeing more hybrid applications emerging as people take a look at the algorithms and decide what solves the use case that they have in hand, he said.

Satoshi Matsuoka, director of RIKEN Center for Computational Science, provided a quick overview of Fugaku plans for incorporating quantum computing as well as touching on the status of the ABCI-Q project. He, of course, has been instrumental with both systems. Both efforts emphasize creating a hybrid HPC-AI-Quantum infrastructure.

The ABCI-Q infrastructure (slide below) will be a variety of quantum-inspired and actual quantum hardware. Fujitsu will supply the former systems. Currently, quantum computers based on neutral atoms, superconducting qubits, and photonics are planned. Matsuoka noted this is well-funded a few $100 million with much of the work done geared toward industry.

Rollout of the integrated quantum-HPC hybrid infrastructure at Fugaku is aimed at the 2024/25 timeframe. Its also an ambitious effort.

About the Fugaku effort, Matsuoka said, [This] project is funded by a different ministry, in which we have several real quantum computers, IBMs Heron (superconducting QPU), a Quantinuum (trapped ion qubits), and quantum simulators. So real quantum computers and simulators to be coupled with Fugaku.

The objective of the project [is to] come up with a comprehensive software stack, such that when the real quantum computers that are more useful come online, then we can move the entire infrastructure along with any of those with quantum computers along with their successors to be deployed to solve real problems. This will be one of the largest hybrid supercomputers.

The aggressive quantum-HPC integration sounds a lot like what going on in Europe. (See HPCwire coverage, Europes Race towards Quantum-HPC Integration and Quantum Advantage)

The topic of benchmarking also came up during Q&A at one session. A single metric such as the Top500 is generally not preferred. But what then, even now during the so-called NISQ (noisy intermediate-scale quantum) computing era?

One questioner said, Lets say interesting algorithms and problems. Is there anything like, and Im not talking about a top 500 list for quantum computers, like an algorithm where we can compare systems? For example, Shors algorithm. So who did it and what is the best performance or the largest numbers you were able to factorize?

Hayes (Quantinuum) said, So we havent attempted to run Shors algorithm, and interesting implementations of Shors algorithm are going to require fault tolerance to factor a number that a classical computer cant. But you know, that doesnt mean it cant be a nice benchmark to see which company can factor the largest one. I did show some data on the quantum Fourier transform. Thats a primitive in Shors algorithm. I would say that thatd be a great candidate for benchmarking the progress and fault tolerance.

More interesting benchmarks for the NISC era are things like quantum volume, and theres some other ones that can be standardized, and you can make fair comparisons. So we try to do that. You know, theyre not widely or universally adopted, but there are organizations out there trying to standardize them. Its difficult getting everybody marching in the same direction.

Corcoles (IBM) added, I think benchmarking in quantum has an entire community around it, and they have been working on it for more than a decade. I read your question as focusing on application-oriented benchmarks versus system-oriented benchmarks. There are layers of subtlety there as well. If we think about Shors algorithm, for example, there were recent works last year suggesting theres more than one way to run Shors. Depending on the architecture, you might choose one or another way.

An architecture that is faster might choose to run many circuits in parallel that can capture Shors algorithm and then do a couple of processing or architecture that that might might take more time they just want to run one single circuit with high probability measure the right action. You could compare run times, but theres probably going to be differences that add to the uncertainty of what what technology you will use, meaning that there might be a regime of factoring, where you might want to choose one aspect or another, but then your particular physical implement, he said.

Macri (QuEra) said, My point is were not yet at the point where we can really [compare systems]. You know we dont want to compete directly with our technologies. I would say that especially in for what concerns applications we need to adopt a collaborative approach. So for example, there are certain areas where these benchmarks that you mentioned are not really applicable. One of them is a quantum simulation and we have seen really a lot of fantastic results from our technology, as well as from ion traps and superconducting qubits.

It doesnt really make sense really to compare the basic features of the technologies so that, you know, we can a priori, identify what is the specific application the result that you want to achieve. I would say lets focus on advancing the technology we see. We already know that there are certain types of devices that outperform others for specific applications. And then we will, we will decide these perhaps at a later stage. But I agreed for for very complex tasks, such as quantum Fourier transform, or perhaps the Shors algorithm, but I think, to be honest, its still too preliminary [for effective system comparisons].

As noted this was a break-out year for quantum at ISC which has long had quantum sessions but not as many. Europes aggressive funding, procurements, and HPC-quantum integration efforts make it clear it does not intend to be left behind in the quantum computing land rush, with, hopefully, a gold rush to follow.

Stay tuned.

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ISC 2024 A Few Quantum Gems and Slides from a Packed QC Agenda - HPCwire

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