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Rigetti Computing Partners with Riverlane, Astex Pharmaceuticals on Quantum Computing for Drug Discovery – HPCwire

LONDON and CAMBRIDGE, England, July 13, 2021 Rigetti UK announced today it will partner with Riverlane and Astex Pharmaceuticals to develop an integrated application for simulating molecular systems using Rigetti Quantum Cloud Services, paving the way for a commercial application that could transform drug discovery in pharmaceutical R&D.

Our consortium brings together a complete quantum supply chain from hardware to end-user allowing us to develop a tailor-made solution to address a problem of real value to the pharmaceutical sector, says Mandy Birch, SVP of Technology Partnerships at Rigetti. This project lays the groundwork for the commercial application of Rigetti Quantum Cloud Services in the pharmaceutical industry.

The average cost of discovering a new drug and bringing it to market has tripled since 2010, reaching almost $3bn in 2018. However, soaring R&D costs have not translated into shorter times to market or higher numbers of newly approved drugs.

We want to solve this problem by using quantum computers to speed up the process of drug discovery, says Chris Murray, SVP Discovery Technology at Astex. Quantum computers provide a fundamentally different approach that could enable pharmaceutical companies to identify, screen, and simulate new drugs rather than using expensive, trial-and-error approaches in the laboratory.

To design more efficient drugs and shorten the time to market, researchers rely on advanced computational methods to model molecular structures and the interactions with their targets. While classical computers are limited to modelling simple structures, quantum computers have the potential to model more complex systems that could drastically improve the drug discovery process. However, todays quantum computers remain too noisy for results to evolve past proof-of-concept studies.

Building on previous work with Astex, our collaboration aims to overcome this technological barrier and address a real business need for the pharmaceutical sector, says Riverlane CEO Steve Brierley. The project will leverage Riverlanes algorithm expertise and existing technology for high-speed, low-latency processing on quantum computers using Rigettis commercially available quantum systems. The team will also develop error mitigation software to help optimise the performance of the hardware architecture, which they expect to result in up to a threefold reduction in errors and runtime improvements of up to 40x. This is an important first step in improving the performance of quantum computers so that they can solve commercially relevant problems, Brierley adds.

Science Minister Amanda Solloway says, The UK has bold ambitions to be the worlds first quantum-ready economy, harnessing the transformative capabilities of the technology to tackle global challenges such as climate change and disease outbreak.

This government-backed partnership will explore how the power of quantum could help boost drug discovery, with the aim of shortening the time it takes potentially life-saving drugs to transfer from lab to market, all while cementing the UKs status as a science superpower.

The 18-month feasibility study is facilitated by a grant through the Quantum Challenge at UK Research and Innovation (UKRI). Rigetti UK has previously received funding from UKRI to develop the first commercially available quantum computer in the UK. Riverlane has also received funding from UKRI to develop an operating system that makes quantum software portable across qubit technologies.

About Rigetti UK

Rigetti UK Limited is a wholly owned subsidiary of Rigetti Computing, based in Berkeley, California. Rigetti builds superconducting quantum computing systems and delivers access to them over the cloud. These systems are optimized for integration with existing computing infrastructure and tailored to support the development of practical software and applications. Learn more at rigetti.com.

About Riverlane

Riverlane builds ground-breaking software to unleash the power of quantum computers. Backed by leading venture-capital funds and the University of Cambridge, it develops software that transforms quantum computers from experimental technology into commercial products. Learn more at riverlane.com.

About Astex

Astex is a leader in innovative drug discovery and development, committed to the fight against cancer and diseases of the central nervous system. Astex is developing a proprietary pipeline of novel therapies and has a number of partnered products being developed under collaborations with leading pharmaceutical companies. Astex is a wholly owned subsidiary of Otsuka Pharmaceutical Co. Ltd., based in Tokyo, Japan.

For more information about Astex Pharmaceuticals, please visit https://astx.comFor more information about Otsuka Pharmaceutical, please visit http://www.otsuka.co.jp/en/

Source: Rigetti UK

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Quantware Launches the World’s First Commercially Available Superconducting Quantum Processors, Accelerating the Advent of the Quantum Computer. -…

Delft, Netherlands -- July 15, 2021 -- Today Dutch startup QuantWare has launched the worlds first commercially available superconducting processor for quantum computers (QPU). This is the first time superconducting quantum processors have been available off the shelf, a development with the potential to significantly accelerate the quantum computing revolution.

Quantum technology promises to significantly expand the amount of data computers are able to process, which could have huge implications for fields such as A.I., medicine, business intelligence, and cybersecurity. But the quantum industry is still young and scaling is difficult. Companies building parts for quantum computers need qubits, the microscopic objects that make quantum computing possible, but it is often cost prohibitive for them to produce them themselves. QuantWares superconducting QPUs eliminate that barrier and may be instrumental in accelerating the development of the quantum computer market.

Superconducting is the leading and most mature approach to quantum processors - Google achieved quantum supremacy in 2019 using superconducting QPUs. While other QPUs are already available off the shelf, this is the first time a superconducting QPU has been easily available in productised form, leveling the playing field for quantum experimentation.

QuantWares proprietary product, Soprano, is a 5-qubit QPU. In an article published by Ars Technica, QuantWare shared that the fidelities of each qubit will be 99.9 percent, which should keep the error rate manageable. 5 qubits is sufficient for the immediate customer base QuantWare expects to attract, namely research institutions and university labs.

The race towards useful Quantum Computation is heating up, but still reserved to a small group of companies. By making QPUs more available, we will speed up the development of practical quantum-driven solutions to the worlds biggest problems. said QuantWare co-founder Dr. Alessandro Bruno.

Another way to achieve Quantum Advantage is by designing a chip specifically for a particular application. The startup wants to exploit this by making co-designed QPUs together with software companies to allow them to develop processors specialized in their algorithms.

QuantWare was founded in 2020 by quantum engineer Dr. Alessandro Bruno and Delft University of Technology (TU Delft) graduate MSc Matthijs Rijlaarsdam. They met while doing research at QuTech, a quantum technology research institute at TU Delft in the Netherlands. The company recently closed their pre-seed funding round, meaning the company has now raised 1.15M. They plan to quickly expand their team and upgrade their processors towards higher qubit numbers. One of their growth goals for the rest of the year is to expand fabrication capabilities and partnerships - QuantWare hopes to become a collaborative bridge between quantum companies worldwide. The company is already looking for new operational facilities, as they expect to outgrow their current building within months. QuantWares first two products, Crescendo and Soprano, are now available for pre-order.

Investors

About QuantWare

QuantWare builds super-conducting quantum processors and related hardware. The processors lie at the heart of quantum computers and are crucial for conducting research in this field. By providing processors, QuantWare is making quantum research accessible to researchers and startups. The company also develops technology that will increase the computational power of processors beyond current restrictions. QuantWares innovations are creating a new standard for quantum processors.

About UNIIQ

UNIIQ is a 22 million investment fund focused on the proof-of-concept phase, which helps entrepreneurs in West Holland bring their unique innovation to market faster. UNIIQ offers entrepreneurs the seed capital to achieve their plans and bridge the riskiest phase from concept to promising business. A consortium, including Erasmus MC, TU Delft, Leiden University and the regional development agency InnovationQuarter, created the fund. In 2021, Erasmus University Rotterdam also joined the fund. UNIIQ is made possible by the European Union, the Province of South Holland and the municipalities of Rotterdam, The Hague and Leiden. InnovationQuarter is responsible for the fund management.

About FORWARD.one

FORWARD.one is a VC fund focussed on investing in high-tech start-ups and scale-ups. With a team of financial professionals and technology entrepreneurs, FORWARD.one actively supports its portfolio companies to achieve their goals and ambitions. After successfully deploying the first fund in 11 promising start-ups, FORWARD.one has recently launched its second fund with a size of 100m. With this fund FORWARD.one will continue to invest in ambitious high-tech entrepreneurs and their companies.https://www.forward.one/

About Rabobank Startup & Scale-up Team

Start-ups and scale-ups are the innovators of the economy, contributing significantly to solving societal challenges, and are the main engine for economic growth and employment in the Netherlands. This target group therefore represents great commercial and strategic value for Rabobank. The Startup & Scale-up Team helps entrepreneurs who share this mission to grow sustainably by opening up their (international) network, by providing knowledge and funding.

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Quantum computing: this is how quantum programming works using the example of random walk – Market Research Telecast

Quantum computing: this is how quantum programming works using the example of random walk

The quantum mistake

Dont look after every coin toss

Conclusion

Read article in iX 13/2021

Developers are familiar with software development on classic computers. Intuitive programming languages, which are based on familiar thought and language patterns, enable even newbies to get started quickly and achieve initial success with small applications.

When programming a quantum computer, the situation is more complicated and significantly more abstract due to the underlying laws of quantum mechanics. The differences between programming on a classical and a quantum computer should be illustrated by an example.

Steffen is going on vacation. Immediately he was drawn to the beach promenade. At five oclock in the morning he stumbled out of a bar, heavily drunk, and couldnt remember which way his hotel was facing. But he has to get there as soon as possible if he wants to reserve a lounger in the first row by the hotel pool at 6:00 a.m. Steffen thinks about it: The hotel must be somewhere on this street. In a math lecture several years ago, the professor had said something about random walks and that the walker can reach any point on a line after any number of steps.

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The Future of Data Encryption: What You Need to Know Now – FedTech Magazine

Making Encryption Harder, Better, Faster and Stronger

In response, the industry is advancing encryption on several fronts. Some efforts are focused on increasing key sizes to protect against brute-force decryption. Other efforts are looking at new cryptographic algorithms. For example, the National Institute of Standards and Technology isevaluating a next-generation public key algorithm intended to be quantum safe.

The trouble is that most quantum-safe algorithms arent efficient in classical computer architectures. To address this problem, the industry is focused on developing accelerators to speed up algorithms on x86 platforms.

A third area of research ishomomorphic encryption, an amazing concept that allows users to perform calculations on encrypted data without first decrypting it. So, an analyst who needs to can query a database containing classified information without having to ask an analyst with higher clearance to access the data or request that the data be declassified.

A big advantage of homomorphic encryption is that it protects data in all its states at rest (stored on a hard drive), in motion (transmitted across a network) or in use (while in computer memory). Another boon is that its quantum safe, because its based on some of the same math as quantum computing.

A downside is that homomorphic encryption performs very poorly on traditional computers, because its not designed to work with them. The industry is collaborating to develop x86-style instructions to make these new cryptosystems operate at cloud speeds. Practical applications are still a few years away, but were confident well get there.

EXPLORE:How can agencies combat encrypted attacks on government traffic?

In the interim, a new encryption capability has emerged that organizations can take advantage of right now:confidential computing. Confidential computing safeguards data while its being acted upon in computer memory; for example, while a user is conducting analytics on a database.

Confidential computing works by having the CPU reserve a section of memory as a secure enclave, encrypting the memory in the enclave with a key unique to the CPU. Data and application code placed in the enclave can be decrypted only within that enclave, on that CPU. Even if attackers gained root access to the system, they wouldnt be able to read the data.

With the latest generation of computer processors, a two-CPU server can create a 1 terabyte enclave. That enables organizations to place an entire database or transaction server inside the enclave.

The functionality is now being extended with the ability to encrypt all of a computers memory with minimal impact on performance. Total memory encryption uses a platform-specific encryption key thats randomly derived each time the system is booted up. When the computer is turned off, the key goes away. So even if cybercriminals stole the CPU, they wouldnt be able to access the memory.

Confidential computing transforms the way organizations approach security in the cloud, because they no longer have to implicitly trust the cloud provider. Instead, they can protect their data while its in use, even though its being hosted by a third party.

One major cloud provider already offers a confidential computing service to the federal government, and more will surely follow. Agencies can now build enclave-based applications to protect data in use in a dedicated cloud that meets government security and compliance requirements.

The need for strong data encryption wont go away, and the encryption challenges will only increase as quantum computing emerges over the next several years. In the meantime, innovative new encryption capabilities are delivering tighter cybersecurity to agencies today, and the industry is investing in the next generation of cryptosystems to protect government information for the next 25 years.

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IBM shows the advantages of a quantum computer over traditional computers – Tech News Inc

Among the most promising applications of quantum computing, quantum machine learning is set to form waves. But how this could be achieved is still a bit of a mystery.

IBM researchers now claim to have mathematically proven it With a quantum approach, some machine learning problems can be solved faster than conventional computers.

Machine learning is a well-established branch of artificial intelligence, and it is already used in many industries to solve different problems. This involves training an algorithm with large data sets, in order to allow the model to identify different patterns and ultimately calculate the best answer when new information is provided.

With larger data sets, a machine learning algorithm can be improved to provide more accurate answers, but this comes at a computational cost that quickly reaches the limits of traditional hardware. Thats why researchers hope that one day they will be able to harness the enormous computing power of quantum techniques to take machine learning models to the next level.

One method in particular, called quantum nuclei, is the subject of many research articles. In this approach, a quantum computer intervenes only for part of the global algorithm, by expanding the so-called characteristic space, that is, the set of properties used to characterize the data submitted to the model, such as gender or age if the system is trained to recognize patterns in people.

To put it simply, using a quantum nucleus approach, a quantum computer can distinguish between a larger number of features and thus identify patterns even in a huge database, whereas a classical computer would not see just random noise.

IBM researchers set out to use this approach to solve a specific type of machine learning problem called classification. As the IBM team explains, the most common example of a classification problem is a computer that receives pictures of dogs and cats and needs to be trained with this data set. The ultimate goal is to allow it to automatically tag all future images it receives whether it is a dog or a cat, with the goal of creating accurate tags in the least amount of time.

Big Blue scientists developed a new classification task and found that a quantum algorithm using the quantum kernel method was able to find relevant features in the data for accurate labeling, while for classical computers, the data set looked like random noise.

The routine we are using is a general method that in principle can be applied to a wide range of problems, Kristan Temme, a researcher at IBM Quantum, told ZDNet. In our research paper, we formally demonstrated that a quantum kernel estimation routine can lead to learning algorithms that, for specific problems, go beyond classical machine learning approaches.

To demonstrate the advantage of the quantum method over the classical approach, the researchers created a classification problem for which data could be generated on a classical computer, and showed that no classical algorithm could do better than a stochastic response to answer the problem.

However, when they visualized the data in a quantum feature map, the quantum algorithm was able to predict the labels very accurately and quickly.

The research team concludes, This article can be considered an important step in the field of quantum machine learning, as it demonstrates a comprehensive acceleration of a quantum nucleus method implemented in a fault-tolerant manner with realistic assumptions.

Of course, the classification task developed by scientists at IBM is specifically designed to determine whether the quantum nucleus method is useful, and is still far from ready to apply to any kind of large-scale business problem.

According to Kristan Temme, this is mainly due to the limited size of IBMs current quantum computers, which so far can only support less than 100 qubits. There are far from the thousands, if not millions, of qubits that scientists believe are necessary to start creating value in the field of quantum technologies.

At this point, we cant cite a specific use case and say this will have a direct impact, the researcher adds. We have not yet realized the implementation of a large quantum machine learning algorithm. The size of this algorithm is of course directly related to the development of quantum matter.

IBMs latest experiment also applies to a specific type of classification problem in machine learning, and it does not mean that all machine learning problems will benefit from the use of quantum cores.

But the results open the door to further research in this area, to see if other machine learning problems could benefit from using this method.

So much work is still up for debate at the moment, and the IBM team has recognized that any new discovery in this area has many caveats. But until quantum hardware improves, researchers are committed to continuing to prove the value of quantum algorithms, even if from a mathematical point of view.

Source : ZDNet.com

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Machine Learning could solve biggest challenges in the world, AWS executive says – The Hindu

AWS executive Kanishka Agiwal, shared his thoughts on Machine Learning its applications, growing adoption in different sectors, function in the future, as well as AWS role in building and supporting the ML ecosystem.

Machine Learning (ML) is now powering a wide range of applications in organisations across various industries. ML is accelerating digital transformation and catalysing business processes, and Amazon Web Services (AWS) is one of the leading firms selling automatic ML methods and pre-trained models to businesses and developers. In an exclusive interview with The Hindu, Kanishka Agiwal, Head Service Lines, AISPL for AWS India & South Asia, shared his thoughts on ML its applications, growing adoption in different sectors, function in the future, as well as AWS role in building and supporting the ML ecosystem.

The following transcript has been edited for clarity and brevity.

Earlier, ML technology was limited to a few major tech companies and academic researchers. Things began to change when cloud computing entered the mainstream. Compute power and data became more available, and ML is now making an impact across every industry, be it finance, retail, fashion, real estate, and healthcare. It is moving from the periphery to now becoming a core part of every business and industry.

ML is already helping companies make better and faster decisions. When deployed with the right strategies, ML increases agility, streamlines processes, boosts revenue by creating new products and improving existing ones, and enables better, faster decision making. Theres no doubt ML and artificial intelligence (AI) can help companies achieve more.

As often happens in a crisis, companies tend to step back and think more strategically about their future operations. Weve seen healthcare organisations lean on technology and the cloud to get accurate, trusted information to patients and direct them to the appropriate level of care. Organisations of every size worldwide have been quick to apply their ML expertise in several areas, whether its scaling customer communications, understanding how COVID-19 spreads or speeding up research and treatment.

Several areas utilise ML including ML-enabled chatbots for contactless screening of COVID-19 symptoms and to answer queries. Using ML models to analyse large volumes of data to provide an early warning system for disease outbreaks and identify vulnerable populations. Making use of ML in medical imaging to recognise patterns and deriving contextual relationships between genes, diseases and drugs, and accelerating the discovery of drugs to help treat COVID-19.

I'm inspired and encouraged by the speed at which these organisations are applying ML to address COVID-19. At AWS, we have always believed in the potential of ML to help solve the biggest challenges in our world - and that promise is now coming to fruition as organisations respond to this crisis.

If you take some of the largest sectors such as agriculture, healthcare, citizen services, financial inclusion, youll notice ML at play. In agriculture, ML is playing a part in farm advisory, crop assaying, pest management, and traceability of crops.

Healthcare and life sciences organisations from the largest healthcare providers, payers, IT vendors, and niche ISVs across the globe are applying AWS ML services to improve patient outcomes and accelerate decision making. Some of the use cases we are seeing include using ML to accelerate the diagnosis of diseases, improve operational efficiency and delivery of care, population health analytics, and to aid scientific discovery. In India, Common Service Centres (CSC) are deploying ML to accelerate delivery of citizen services.

Increasingly, industrial customers across asset intensive industries such as manufacturing, energy, mining, and automotive are using ML to drive faster and better decisions to help improve operational efficiency, quality, and agility. ML services purpose-built for low latency requirements of industrial environments further remove barriers to industrial digital transformation.

Recently, we announced a collaboration with NITI Aayog to establish a Frontier Technologies Cloud Innovation Centre in India. This will bring together public sector stakeholders, startups, and academia to solve critical societal challenges.

Last year, Atal Innovation Mission, NITI Aayog, collaborated with NASSCOM to launch the ATL AI Step Up Module, with a focus on driving AI education among school students in India. Through AWS Educate, students will be able to gain hands-on practical experience on AWS ML services, including Amazon SageMaker.

In addition, the Indian Chamber of Food and Agriculture adopted AWS Educate to introduce certificate courses for agricultural engineering students. In March this year, we announced the AWS DeepRacer Womens League 2021 in India to help foster community learning, which aims to bring together women to gain hands on experience with ML.

To meet our customers where they are on their ML journey and help them achieve specific business outcomes, we provide the broadest set of ML and AI services for builders of all levels of expertise. AWS launched more than 250 new capabilities for ML and AI in 2020 alone.

We are building AI Services that allow developers to easily add intelligence to any application without needing ML skills. These services provide ready-made intelligence applications and workflows to personalise the customer experience, identify and triage anomalies in business metrics, image recognition, and automatically extract meaning from documents.

AWS has also launched end-to-end solutions, which dont require teams to stitch together multiple services themselves.

ML represents a unique opportunity for government and organisations to leverage public data for social good. From chatbots to supporting municipal services to contactless tracing of COVID-19, governments can harness ML to stay close to their citizens through deeper experiences. Organisations can better navigate and utilise data for more strategic and timely decisions if they are equipped with the appropriate technology capabilities. Leveraging ML can result in fewer errors and more timely decision making to enable organisations to execute initiatives with accuracy and speed.

Public safety can be improved over a range of possibilities, from ensuring safe roads, to preventing cyber-attacks and responding to natural disasters. ML will provide government organisations with the ability to improve safety across and beyond this spectrum. ML can dramatically streamline operational processes. As a result, it can save time, costs, and other resources so that organisations can focus on what is more important.

With ML, organisations can leverage data to develop and scale revolutionary ideas that result in cutting-edge research, far beyond human capabilities.

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IoT Machine Learning and Artificial Intelligence Services to Reach US$3.6 Billion in Revenue in 2026 – PRNewswire

LONDON, July 13, 2021 /PRNewswire/ -- The next wave of Internet of Things (IoT) analytics development willfully converge with the Big Data domain. Simultaneously, thevalue in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). According to global tech market advisory firm ABI Research, ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.

While COVID-19 impacted many industries, the IoT data analytics market has been less affected. In fact, many newly emerging cloud-native data-enabled analytics vendors have benefited from COVID-19. "Since industries are transitioning to "remote everything," out-of-the-box solutions for remote monitoring, asset management, asset visibility, and predictive maintenance are in high demand and exemplify market acceleration. Vendors, such as DataRobot, are now easing access to ML and AI tool sets through different deployment options at the edge, on-premises, and the cloud, and through consumption using Platform as a Service (PaaS), and Software as a Service (SaaS)," explains Kateryna Dubrova, Research Analyst at ABI Research. "All and all, the COVID-19 pandemic highlighted the importance of rapid deployment solutions, such as hardware agnostic SaaS."

Companies like AWS, C3, and Google also have been successful in promoting their products and analytics capabilities (tool sets and environment) by creating centralized repositories for COVID-19 data. Currently, these data lakes are public and are not monetized. However, it is expected that those companies will attempt to use the data lakes to create products for sale to the healthcare market in the future. From a technology perspective, the data lakes could be the first step for creating and testing data visibility, and streaming analytics services. COVID-19 has showcased the public cloud's healthcare industry ambitions expanding into pharmaceutical, biomedicine, and telemedicine.

Big data and data analytics might not have a remedy for the virus, but IoT-data enabled technologies proved essential to lessen public anxiety, to monitor patients, and prepare the infrastructure for new outbreaks. "AI and ML usage has accelerated during the pandemichowever, greenfield AI projects have seen a significant slowdown. The AI and ML in the IoT is at its early adoption stage, the lack of the development of data-enabled infrastructure prevented rapid adoption of the machine learning on operational level when COVID-19 accelerated," Dubrova concludes.

These findings are from ABI Research's IoT Data-Enabled Services: Value Chain, Companies to Watch, and Cloud Wars application analysis report. This report is part of the company'sM2M, IoT & IoEresearch service, which includes research, data, and analyst insights.Application Analysisreports present an in-depth analysis of key market trends and factors for a specific technology.

About ABI ResearchABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research1990

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit http://www.abiresearch.com.

Contact Info:

Global Deborah Petrara Tel: +1.516.624.2558 [emailprotected]

SOURCE ABI Research

http://www.abiresearch.com

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IoT Machine Learning and Artificial Intelligence Services to Reach US$3.6 Billion in Revenue in 2026 - PRNewswire

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Top Machine Learning Funding and Investments in Q2 2021 – Analytics Insight

From voice assistants to self-driving cars, artificial intelligence and machine learning are overtaking every aspect of the industrial sector. Machine learning algorithms are used to automate laborious tasks in businesses to discover patterns in existing data without being explicitly programmed.

The field is continuously evolving and high-value predictions are being used to make better decisions in real-time without human interventions. Under recent circumstances, investments in machine learning companies have drastically increased. Analytics Insight presents the top machine learning funding and investments in Q2 2021.

Amount Raised: US$15M

Transaction Type: Not Specified

Key Investor(s): Bloomberg, Patrick Collison, and others

Lambda provides deep learning services to top tech companies like Apple, Microsoft, MIT, and others. It is an AI infrastructure providing computation to accelerate human progress.

Amount Raised: US$2M

Transaction Type: Not specified

Key Investor(s): Madrona Venture Group and Jazz Venture Partners

The companys SaaS platform leverages machine learning to discover, analyze, and improve clients business processes without interfering with users or requiring system integrations. Their solutions measure the problems faced by the clients and execute step-by-step processes to solve the issues.

Amount Raised: US$67M

Transaction Type: Series D

Key Investor(s): Chrysalis Investments

The company uses deep learning algorithms to provide cybersecurity services. Deep Instincts on-device solution protects against zero-day threats and APT attacks with unparallel accuracy. By applying deep learning technology, enterprises can gain unmatched protection against cyber threats.

Amount Raised: US$56M

Transaction Type: Series B

Key Investor(s): Tiger Global, Sequoia Capital, and others

Physna is a geometric deep-learning and 3D search company that focuses on comparing and analyzing 3D models. The company powers innovation in manufacturing by bridging the gap between physical objects and digital codes.

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Machine Learning and the End of Search – Database Trends and Applications

Video produced by Steve Nathans-Kelly

Does the wider adoption of machine learning mean the end of search as we know it? Northern Light CEO David Seuss explained why he believes it does and how search must leverage smart taxonomies going forward during his presentation at Data Summit Connect 2021.

"We are approaching the era when users will no longer search for information in the traditional way. They will expect the machine to find what they need on its own and bring it to them. To do this, search must evolve to have an in-depth understanding of the search material and the ways of knowing in the user's domain so you can't just throw a generic search solution at a generic content set and have this work," Seuss said.

"The content has got to be about the topic. It's got to be the right content that will have the insights that you're looking for and the search technology from especially the taxonomy viewpoint needs to really be based on an in-depth understanding of the material and the ways of knowing," Seuss explained. To accomplish this, you have to take advantage of smart taxonomies that deeply tag the content with context-specific and meaning-loaded entities, use smart summarization of the important ideas in a document across documents and across sources, and use smart distribution of insightspowered by learning what each user cares about, andthen find the relevant material without being asked.

Instead of searching material, it would be more accurate to say the material finds you, said Seuss."The impact of these analytics and machine learning trends on the socialization and utilization of competitive intelligence in your company will be profound and they will change everything you're doing in your competitive intelligence knowledge management system."

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Machine Learning and the End of Search - Database Trends and Applications

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KTP Associate NLP & Machine Learning Research Scientist job with UNIVERSITY OF THE WEST OF SCOTLAND | 260243 – Times Higher Education (THE)

University of the West of Scotland in Partnership with Raven Controls Limited

School of Computing, Engineering and Physical SciencesKTP Associate NLP & Machine Learning Research ScientistCompany Based - GlasgowREQ001219Salary up to 34,500 per annum plus 5,000 personal development budgetFull-time: 35 Hours per weekFixed Term: 30 months with potential for permanent employment

University of the West of Scotland (UWS) and Raven Controls are offering an exciting opportunity to a post graduate in Computer Science/Software Engineering/Information Technology or with a relevant degree involving a significant amount of software development to support Raven Controls. You will assist in the development of Raven Controls revolutionary event management. This involves inventing novel methods for NLP, data mining and data analysis using Artificial Intelligence and Machine Learning. You will work as part of the team to enhance the software to be used in the distributed environments. Since we are pioneers in the field, you will help us discover and apply innovative approaches to our existing technology. You should possess excellent communication and interpersonal skills, as well as the ability to work independently and as part of a high-performance team, collaborating with colleagues and sharing expertise. You will be able to demonstrate a proven interest in machine learning and NLP along with a sound knowledge of the C/C++/Python programming language.

The successful candidate will be offered the opportunity to register free of charge for a Higher Degree (Masters or Ph.D.), receive training in Chartered Management Institute (level 5), work with senior company management to realise benefits to the business and apply their degree and lead their own project in a business environment.

Raven Controls Limited was founded based of the MD's ten years experience of working in the Police force in Emergencies and Counter-Terrorism Planning and from his other business ID Resilience - which was formed to test and exercise clients' crisis management plans in a safe and secure environment. Incorporated in May 2017, Raven Controls Limited have developed a digital platform (web-optimised version of their Raven App) to provide real-time situational awareness for all stakeholders involved in event and venue management (particularly for crisis and incident management).

This allows users to stay in control and continuously informed through Raven's issue management system with integrated emergency management principles at its heart.

Find out more by visiting: https://ravencontrols.com/

Given the strategic important of the project, Raven Controls management have indicated their intention to retain the associate post-KTP subject to performance.

About KTP:This position forms part of the Knowledge Transfer Partnership (KTP) funded by Innovate UK. Its essential you understand how KTP works with business and the University, and the vital role you will play if you successfully secure a KTP Associate position. Please visit: http://www.uws.ac.uk/ktp for more information or contact Stuart Mckay at stuart.mckay@uws.ac.uk.

The University of the West of Scotland is committed to supporting your personal development and providing an inclusive working environment. UWS has an Athena SWAN bronze award, is a disability confident employer and welcomes other under-represented groups, as such we particularly encourage applications to support our diversity agenda.

Further information is available by contacting;Professor Naeem Ramzan: naeem.ramzan@uws.ac.uk ; 0141 848 3648 orMr Ian Kerr, Raven Controls: ian@ravencontrols.co.uk

Further information, including details of how to apply are available at https://jobs.uws.ac.uk/

Closing Date: Sunday 15th August 2021Interview Date: Week commencing Monday 30th August 2021

UWS is committed to equality and diversity and welcomes applications from underrepresented groups.

UWS is a Disability Confident employer.

University of the West of Scotland is a registered Scottish charity, no. SC002520.

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KTP Associate NLP & Machine Learning Research Scientist job with UNIVERSITY OF THE WEST OF SCOTLAND | 260243 - Times Higher Education (THE)

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