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How to Invest in Bitcoin ETFs – Yahoo Finance

Bitcoins

A Bitcoin exchange-traded fund (ETF) is a security that mimics the performance of the actual Bitcoin digital currency. The underlying asset in the case of a Bitcoin ETF is the digital Bitcoin currency. There are Bitcoin exchanges, which are just networks of computers, where Bitcoin and Bitcoin ETFs are traded. However, the Securities and Exchange Commission (SEC) has not approved a Bitcoin ETF for trading on U.S. exchanges. Consider working with a financial advisor before you decide to invest in cryptocurrencies.

How ETFs Work

An ETF is a basket of securities in which you can invest and diversify your portfolio. Lets say you would like exposure to the entire stock market. There are several market indexes that reflect the stock market. Perhaps the most well-known is the Standard and Poors 500 (S&P 500) market index. Very few investors would have the funds available to buy stock in all 500 companies. Instead, they can invest in an ETF that holds equity securities traded on the S&P 500. It tracks the price of the S&P 500. The ETF gives the investors exposure to the securities in the S&P 500 since that market index is the underlying asset.

ETFs are set up like mutual funds, although ETFs are usually cheaper. They have passive management and the management fees are lower. They are traded on the exchanges just like stock. More importantly, they give investors access to types of financial assets to which investors would usually not have access as well as some diversification.

How Bitcoin ETFs Work

Man touches a digital crytocurrency price board

Bitcoin ETFs work exactly the same as other ETFs, but Bitcoin is the underlying asset instead of stocks or bonds. Investing in a Bitcoin ETF gives you exposure to the Bitcoin market. By purchasing a Bitcoin ETF, you are indirectly investing in Bitcoin, but you hold a position in an investment portfolio without having to deal with the security and storage issues of holding the Bitcoin currency. If you invest in a Bitcoin ETF, your risk is lower but still very significant.

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Keep in mind that Bitcoin is subject to extreme price volatility. As a result, Bitcoin ETFs have more risk than many other ETFs because of the price volatility of the underlying asset.

The beauty of investing in a Bitcoin ETF instead of in the digital currency itself is that ETFs are investment vehicles that are subject to regulation, which makes them safer for private investors. Even though there is no Bitcoin ETF approved for trading on U.S. exchanges, speculators or investors can use the Canadian exchanges.

Recently, several Bitcoin EFTs have been approved in Canada. Bitcoin financial assets can also be traded on several exchanges in Europe. Some of those are exchange-traded notes. There is an over-the-counter Bitcoin Trust available for investors to invest in. Heres what you need to know about this type of security.

Pros and Cons of Bitcoin ETFs

There are several potential benefits of Bitcoin ETFs over Bitcoin digital currency:

Bitcoin ETFs are safer and easier for cryptocurrency investors to invest in. By contrast, buying Bitcoin currency raises the issues of security and storage.

Bitcoin is a new investment asset. Since it is not related to stocks or bonds or other traditional investment assets in any way, it does provide a degree of diversification to your portfolio although it also increases the risk. Bitcoin ETFs provide a little less risk.

If you invest in Bitcoin ETFs instead of the underlying digital currency, then you can trade through traditional exchanges. You wont have to deal with a cryptocurrency exchange.

If investors think the price of Bitcoin is going to go down, they can short-sell Bitcoin ETFs, but not Bitcoin currency outside an ETF.

While there are potential advantages to Bitcoin ETFs, there are several reasons to be cautious:

Bitcoin ETFs have management fees. The more shares you own of the ETF, the higher your management fees.

You cannot trade Bitcoin housed in an ETF for other cryptocurrencies.

ETFs may be inaccurate. Due primarily to price volatility, a Bitcoin ETF may not accurately track its market index.

Special Considerations for Investors

Woman checking her Bitcoin ETF

There are special considerations investors should make before investing in Bitcoin ETFs. The industry is rife with fraud. Unscrupulous individuals may try to sell you false Bitcoin. Keep in mind that your Bitcoin key is the same thing as your PIN for your debit or credit cards and that key is subject to theft. There are also computer glitches that might allow in hackers, malware or computer viruses. The cryptocurrency market has almost no uniform rules and regulations.

As Bitcoin ETFs are developed in various countries, governmental regulations that are imposed could devalue any cryptocurrency, including Bitcoin. The lack of regulation could cause a lack of liquidity in the market as well as a question about the legitimacy of Bitcoin and all cryptocurrencies.

The Bottom Line

Bitcoin ETFs are more convenient ways to invest in the currency than the underlying Bitcoin digital version. The SEC is being cautious before it approves Bitcoin ETFs for the U.S. due to the inherent riskiness of this new type of currency. Due to the lack of regulation in the cryptocurrency market and its Wild West reputation, the SEC fears manipulation and is concerned that one rogue investor could move the market.

Tips on Investing

Bitcoin and all cryptocurrencies are risky and not meant for beginning investors. If you think you might want to invest in Bitcoin EFTs, it would be best to talk with a financial advisor. Finding one doesnt have to be hard. If you use SmartAssets financial advisor matching tool, you can find a financial advisor to your liking. If youre ready, get started now.

It may be inevitable that Bitcoin ETFs come to U.S. exchanges. If you are interested in buying shares in an ETF, even if it is not a U.S. EFT, use SmartAssets asset allocation calculator to get an idea of how it would fit in your portfolio.

Photo credit: iStock.com/Nature, iStock.com/Funtap, iStock.com/DisobeyArt

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Quantum computing: This new 100-qubit processor is built with atoms cooled down near to absolute zero – ZDNet

The company's 100-qubit gate-based quantum computer, code-named Hilbert, is launching later this year after final tuning and optimization work.

By cooling atoms down to near absolute zero and then controlling them with lasers, a company has successfully created a 100-qubit quantum processor that compares to the systems developed by leading quantum players to date.

ColdQuanta, a US-based company that specializes in the manipulation of cold atoms, unveiled the new quantum processor unit, which will form the basis of the company's 100-qubit gate-based quantum computer, code-named Hilbert, launching later this year after final tuning and optimization work.

There are various different approaches to quantum computing, and among those that have risen to prominence in the last few years featuresuperconducting systems,trapped ions,photonic quantum computersand evensilicon spin qubits.

SEE: Building the bionic brain (free PDF) (TechRepublic)

Cold atoms, on the other hand, haven't made waves in the quantum ecosystem so far. ColdQuanta's 100-qubit quantum processor, however, could seemingly compete against the industry's highest standards: for example, IBM's current quantum system, Hummingbird, supports 65 qubits.

And in the next three years, ColdQuanta is hoping to create a system surpassing 1,000 qubits. This again aligns with IBM's roadmap for quantum hardware,which should see the company releasing a 1,121-qubit quantum computer in 2023.

"We hear a lot about superconducting and trapped ions and in some respects cold atom is the new kid on the block, but we believe it has great promise in terms of scalability," Paul Lipman, president of quantum computing at ColdQuanta, tells ZDNet.

ColdQuanta's approach consists of treating atoms like qubits, and bringing them down to extremely cold temperatures, where their quantum properties can be manipulated with great precision. This is because, in such an isolated environment, atoms are protected from environmental noise and can retain their quantum properties for much longer.

Cooling down particles to exert better control over them is not new to the quantum world: Google and IBM's superconducting processors also require placing qubits in huge dilution refrigerators, where temperatures are brought down to zero kelvin (-273.15C).

But ColdQuanta's cold atoms approach goes one step further. Atoms are cooled down to the microkelvin level that is, a thousand times colder than in the superconducting method.

Rather than using large refrigerators, however, ColdQuanta traps the atoms with lasers to cool them down, before using a combination of lasers and microwave pulses to arrange them into the gates that make up a quantum circuit.

"Because we cool them down with lasers rather than dilution refrigerators, we don't have the same scaling challenges in terms of building enormous fridges that can hold large numbers of qubits," says Lipman. "We cool them down to microkelvin, but we do that in a device that can fit in your hand at room temperature."

What's more: atoms are ten-thousand times smaller than superconducting qubits, according to Lipman, meaning that many cold atom qubits can be packed closely together on a much smaller space. What would require square-meters worth of space for a superconducting quantum processor can sit on a cold atom system the size of a nail, according to the company.

"Cold atoms have this intrinsic scalability that is very attractive," argues Lipman.

Cold atoms' ability to scale rapidly is one of ColdQuanta's key selling points, but there remain some engineering challenges that, for now, still limit Hilbert's size. The company's scientists are looking at how the use of lasers changes when the qubit count increases by orders of magnitude, for instance, and testbeds are already underway in the lab to determine the best path forward.

The fundamental principles of the approach, however, are tested and proven, says Lipman, and cold atoms already perform similarly to leading-edge quantum processors. Not only on qubit count: the company's data also shows thatthe system is comparable to IBM and Google's quantum computerswhen it comes to connectivity, which refers to the number of qubits that can interact with one another, and coherence, which is the duration of time that quantum properties can be maintained.

On fidelity, however, the processor lags slightly behind the devices developed by competitors, meaning that the accuracy of ColdQuanta's system isn't as high. But part of the optimization work going on now, says Lipman, is dedicated to boosting Hilbert's performance on fidelity.

Lipman is confident that these promising results will set ColdQuanta apart in an ecosystem that is growing at pace. New milestones are announced by quantum companies large and small at a rapid pace, and the number of approaches to quantum computing is multiplying fast, each with their own benefits and challenges making it increasingly difficult to distinguish hype from reality.

"It's too early to tell which modality will win the race," admits Lipman. "If you roll the clock forward two or three years, there might even be modalities that we don't even have publicly available information on today, but may come to the forefront."

"We'll learn more once the computer is released, but our focus now is to work with potential customers to deliver tangible near-term value."

ColdQuanta has not publicly announced any customers yet, but the company is working particularly on optimization problems, which could find applications in logistics, material science and telecommunications.

The firm also has a long-standing partnership with the Defense Advanced Research Projects Agency (DARPA), which awarded ColdQuanta a total $7.4 million to develop a scalable cold-atom-based quantum computer for defense applications such as resource allocation, logistics, and image recognition.

Hilbert is expected to launch later this year and will be available over ColdQuanta's private cloud. The company is also in talks with Amazon, Microsoft and Google to eventually make the quantum computer accessible over AWS, Azure and Google Cloud.

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This quantum computer with a 3D chip is heading into the cloud – ZDNet

Ilana Wisby is the CEO of Oxford Quantum Computing, a spin-out from the University of Oxford in the UK.

A startup in the UK is now offering cloud-based access to its own superconducting quantum computer but with a twist that it hopes could one day help it compete against the processors developed by quantum giants such as IBM and Google.

Oxford Quantum Circuits (OQC), a startup that spun out of the University of Oxford, is approaching superconducting quantum computing slightly differently. Leading superconducting quantum systems are typically built in a two-dimensional plane, with each qubit acting like a unit cell that requires intricate wiring for controls and measurements. Increasing the number of qubits means increasing the amount of wiring and on a 2D plane, this comes with a higher risk of creating environmental noise that can damage the quality of the system.

Instead, OQC's researchers use a three-dimensional architecture that moves the control and measurement wiring out of plane. With key componentry off-chip, says OQC, the superconducting quantum processor is a more flexible and engineerable system.

SEE: Building the bionic brain (free PDF) (TechRepublic)

Dubbed the "Coaxmon," this new design approach ultimately has the potential to make it is easier to scale up the number of qubits on the processor without losing coherence, the company said.

"The Coaxmon was designed from principle to meet some of the underlying scaling challenges with superconducting technologies," Ilana Wisby, the CEO of OQC, tells ZDNet. "We've taken all of that wiring which is a really big element to reducing the power of what we can do with a processor off the chip, meaning that the Coaxmon is inherently a lot more scalable."

According to Wisby, the 3D architecture means that it is possible to increase the qubit count on the processor without resorting to complex fabrication steps for extra wiring, and without running the risk of reducing the system's coherence.

Despite the promising pitch, the quantum computer that OQC has just brought online, called Sophia, is only four qubits strong. In comparison, IBM's current quantum processor can support 65 qubits, and the company is working towards launching a 127-qubit system by the end of the year.

Even then, IBM's quantum computer won't be bringing any significant business value for users: quantum technologies are not expected to start showing any real-world usefulness until they are capable of supporting at least 1,000 qubits. In that light, OQC's new quantum computer still seems to have some way to go before it can compete against the services offered by some of the largest corporations dominating the quantum ecosystem.

But Wisby explains that this is just the start. As a University of Oxford spinout, she says, OQC has until recently mostly developed in the context of university labs, where cost efficiency was key and minds were focused on proving the fundamentals of the technology.

In the last year, however, OQC built and opened its own quantum lab, a facility fitted with all of the cryogenic equipment, cleanrooms, power and data supplies, ducted fume cupboards and other exotic quantum essentials that are necessary to building up a quantum system.

Sophia's low qubit count is, therefore, a business problem rather than a technology one, argues Wisby. "But setting up our own independent commercial lab has marked a moment of independence for the company," she says.

"It's only really now that we've changed our company goals to proving the business model, which obviously has more focus on scaling the full system."

The long-term goal, she assures, is to build a universal, fault-tolerant quantum computer an objective that aligns with that of the largest tech giants currently developing quantum technologies.

Of course, there remain many obstacles to scaling. While increasing the number of qubits in the processor is a challenge in itself, it is also key to ensure that the overall system's support infrastructure and architecture can grow in parallel. OQC, therefore, has secured partnerships with companies like Oxford Instruments to start thinking about the future iterations of Sophia.

For now, OQC is focusing on attracting customers to its brand-new cloud service, which it has just launched to provide customers with access to Sophia via a private cloud.

OQC has now invited businesses to join the company's beta list, to test how they could experiment with new quantum approaches. With only four qubits, however, the scope of potential applications will remain very limited.

Among those already signed up, fellow UK-based quantum computing company Cambridge Quantum is already planning to test Sophia with its IronBridge platform a cybersecurity service that leverages the unpredictability of quantum computers to generate un-hackable cryptographic keys.

Wisby also points to a long-standing partnership with software company Riverlane, which has already been using OQC's quantum computer to run a chemical simulation algorithm names alpha-VQE.

Riverlane and OQC have also been working together todevelop a quantum operating system, Deltaflow.OS,which would allow the same quantum software to run on different types of quantum computing hardware.

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French researchers on the verge of quantum computing milestone – RFI English

Issued on: 05/07/2021 - 15:05

Researchers at theFrench Alternative Energies and Atomic Energy Commission(CEA) in Grenoble are confident of reaching a key milestone at the end of this year in their quest to build a quantum computer.

Maud Vinet and Silvano De Franceschi from the CEA along with Tristan Meunier of CNRSare leading a multidisciplinary teamof around 50 scientists and engineers to build a silicon based quantum machine, the first critical step of which would be to operate a network of two qubits in the coming months.

How quantum computing works

Qubits are the units of information in quantum computing. They are the quantum equivalent of bits. Unlike classical computing where bits can exist as either 0 or 1, in quantum systems they possess both values at the same time. This property is called superposition.

The other key quantum property is called entanglement. It refers to the almost instantaneous effect two qubits have on each other even at a distance after having been initially coupled. Entanglement and superposition give quantum computers their phenomenal calculating power.

But keeping qubits entangled is a big challenge. It is subject to interference from the environment. Any disturbances, whether thermal, electrical or mechanical, can cause errors, De Franceschi says.

One way to limit the errors caused by these factors is to operate the qubits in a deep freeze mode.

When qubits are cooled down to sufficiently low temperature, typically below a few degrees Kelvin, they are no longer susceptible to undesirable thermal excitations and their coherence can be preserved, Vinet says.

Though the system to cool qubits uses the similar principle as that of a household refrigerator, it is much bigger and way more complex.

The CEA has several cryostats that use helium to achieve a temperature between 15 millikelvin to 1 Kelvin.

That corresponds to 272 degrees below waters freezing point. Besides the above-mentioned cryostats, the CEA also boasts of a cryogenic prober that can carry out automatic measurements of 300 mm silicon wafers below 2 Kelvin or minus 271 degree Celsius. There are only two such machines in the world.

The French approach

There are four major approaches to fabricate the qubits: photons, trapped ions, superconductors and semiconductors like silicon.

Vinet and De Franceschi have adopted the last approach which involves the use of the magnetic moment of an electron in silicon to create the two different states of the qubit. They have chosen silicon even though it seems to be lagging behind the others in terms of the number of interacting qubits in a network.

The other three approaches seem to have made more progress. But we are sticking with silicon. Thats because building workable quantum computers is not a short term race. It doesnt matter where you stand today. What matters more is the growth potential for the future, De Franceschi told RFI.

According to Vinet, in order to build a practical quantum computer, scalability will be the key. In this regard, theres no better candidate than silicon, which is central to the semiconductor industry. With silicon we can fabricate millions or even billions of qubits that can be assembled in a relatively compact system. Its also convenient for control electronics.

Moreover, according to De Franceschi, when it comes to performance, the silicon qubits are on par with the other platforms in terms of fidelity and speed of operations. De Franceschi contends that some of the other approaches may be appropriate but they may not be equally suitable when it comes to effective, massive and easy manufacturing.

You need to consider how good you can scale up and handle the controlling of qubits once the processor size grows. There are other problems such as possible interference when you are manipulating qubits. The successful approach will be the one that copes the best with all these issues, he says.

Researchers at CEA have a unique advantage as both the physics and the engineering requirements necessary to build a quantum computer are available under the same roof.

While De Franceschi and his team are engaged in perfecting the fabrication and interactions between qubits, Vinet and his group are working in parallel to make qubits truly scalable and to build the other components of a quantum computer.

What we are trying to do here is build a full stack quantum computer. We are developing the quantum chip, control electronics, implementation of the quantum algorithm as well as an interface that translates the algorithm into electrical signals, Vinet says.

Quantum appeal

Quantum computers have elicited huge interest from not just research labs but also IT giants, start ups and governments. In January 2021, French President Emmanuel Macron announced a 1.8 billion euro Quantum Plan initiative for supporting research and development of quantum technologies.

The enormous appeal of quantum computing lies in its promise to easily outperform even the worlds most powerful supercomputers on certain types of calculations.

They are expected to solve complex problems such as protein simulations, calculating air flow on aircraft, finding new materials such as possibly room temperature superconductors, Vinet says, adding researchers still dont know how powerful these machines will turn out to be.

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Quantum Computing Software Market worth $0.43 billion by 2026 – Exclusive Report by MarketsandMarkets – PRNewswire

CHICAGO, July 9, 2021 /PRNewswire/ -- According to the new market research report "Quantum Computing Software Marketby Component (Software, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Application (Optimization, Simulation), Vertical (BFSI, Government), and Region - Global Forecast to 2026", published by MarketsandMarkets, the Quantum Computing Software Market size is projected to grow from USD 0.11 billion in 2021 to 0.43 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period.

The major factors driving the growth of the Quantum Computing Software Market include the growing adoption of quantum computing software in the BFSI vertical, government support for the development and deployment of the technology, and the increasing number of strategic alliances for research and development.

Browse in-depth TOC on"Quantum Computing Software Market"373 Tables47 Figures305 Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179309719

Based on Component, the service segmentto grow at a higher CAGR during the forecast period

Among the component segment, the services segment is leading the Quantum Computing Software Market in 2021. The growth of the services segment can be attributed to the increasing investments by start-ups in research and development related to quantum computing technology. Quantum computing software and services are used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various industries.

Based on application, the optimization segment is expected tohold the highest market size during the forecast period

The optimization segment is expected to lead the global Quantum Computing Software Market in terms of market share. Optimization problems exist across all industries and business functions. Some of these problems take too long to be solved optimally with traditional computers, where the usage of quantum computing technology is expected to be an optimum solution. Several optimization problems require a global minimal point solution. By using quantum annealing, the optimization problems can be solved earlier as compared to supercomputers.

Based on vertical, the BFSI segment is expected tohold the highest market size during the forecast period

Banks and financial institutions, such as hedge fundraisers, are the key adopters of quantum computing systems and services as they help them minimize risks and maximize gains from dynamic portfolios of investments. Potential use cases of quantum computing in the banking and financial industry include portfolio analysis, fraud detection, optimization, and asset valuation, along with cybersecurity system quantum-proofing and high-frequency trading.

Request Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=179309719

North America to hold the highest market size during the forecast period

North America is one of the most prominent regions in the Quantum Computing Software Market. The growth of the Quantum Computing Software Market in North America can be attributed to the fact that the region is home to the leading players of the market; quantum computing solutions and services are also witnessing increased adoption in the aerospace & defence, chemical, and BFSI industries of the region.

Major Quantum Computing Software vendors include IBM Corporation (US), Microsoft Corporation (US), Amazon Web Services, Inc. (US), D-Wave Systems Inc (Canada), Rigetti Computing (US), Google LLC (US), Honeywell International Inc. (US), QC Ware (US), 1QBit (US), Huawei Technologies Co., Ltd. (China), Accenture plc (Ireland), Cambridge Quantum Computing (England), Fujitsu Limited (Japan), Riverlane (UK), Zapata Computing (US), Quantum Circuits, Inc. (US), Quantica Computacao (India), XANADU Quantum Technologies (Canada), VeriQloud (France), Quantastica (Finland), AVANETIX (Germany), Kuano (England), Rahko (UK), Ketita Labs (Estonia), and Aliro Quantum (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2019 to 2021, which helped companies innovate their offerings and broaden their customer base.

Browse Adjacent Markets:Software and ServicesMarket ResearchReports & Consulting

Browse Related Reports:

Quantum Cryptography Market by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/quantum-cryptography-market-45857130.html

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Aashish MehraMarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:[emailprotected]Research Insight:https://www.marketsandmarkets.com/ResearchInsight/qauantum-computing-software-market.aspVisit Our Web Site:https://www.marketsandmarkets.comContent Source: https://www.marketsandmarkets.com/PressReleases/qauantum-computing-software.asp

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IBM partners with UK on $ 300 million quantum computing research initiative – Illinoisnewstoday.com

Where does your company stand on the AI recruitment curve?Take us AI survey To find out.

This week, the UK government and IBM hope to make new discoveries and develop sustainable technologies in areas from life sciences to manufacturing, 210 million ($ 297.5 million) for five years. Announced a collaboration between IBMs artificial intelligence (AI) and quantum computing.

The program employs 60 scientists, invites internships and students to work at the Hartree Center in Daresbury, Cheshire, with the support of IBM Research and the Science and Technology Facilities Council (STFC) in the United Kingdom. The newly established Hartree National Center for Digital Innovation (HNCDI) applies AI, high performance computing (HPC), data analysis, quantum computing, and cloud technology to areas such as material development and environmental sustainability. Promote research in. IBM Said in a statement..

Artificial intelligence and quantum computing have the potential to revolutionize everything from the way we travel to the way we shop. Thats exactly what I want the UK to lead, said the UK. Said Amanda Soloway, Minister of Science.

The Hartree Center was opened in 2012 by the UK Research and Innovation STFC as an HPC, data analysis, and AI research facility. It is housed in Sci-Tech Daresburys lab for research in accelerator science, biomedical, physics, chemistry, materials, engineering, computational science and more.

The program is part of IBMs Discovery Accelerator initiative to accelerate discovery and innovation based on the convergence of advanced technologies at research centers such as HNCDI, the company said. This will be IBMs first European Discovery Accelerator Research Center.

As part of the HNCDI program, STFC Hartree Center participates in more than 150 global organizations, from Fortune 500 companies to start-ups, with access to the IBM Hybrid Cloud. IBM quantum network.. The Quantum Network is an assembly of premium quantum computers and development tools by computing giants. IBM also provides access to commercial and experimental AI products and tools to work in areas such as Material Design, Scaling and Automation, Supply Chain Logistics, and Reliable AI Applications, the company said.

IBM has been busy dealing with Discovery Accelerator and its partners this year.The company invested $ 200 million last month 10-year joint project At the Grainger Institute of Technology at the University of Illinois at Urbana-Champaign (UIUC). Similar to HNCDI in the UK, the IBM-Illinois Discovery Accelerator Institute, planned at UIUC, will build a new research facility and hire faculty and technicians.

Earlier this year, IBM announced a 10-year quantum computing collaboration with the Cleveland Clinic, laying the computational foundation for a global center for future Cleveland Clinic pathogen research and human health. The project will set up the first US-based on-premises private sector. IBM Quantum System One, The company said. Over the next few years, IBM also plans to install one of the first next-generation 1,000 qubit quantum systems on another Cleveland client site.

At the time of the announcement of the Cleveland Clinic, IBM Chair and CEO Arvind Krishna said the pandemic urged the challenge of leveraging quantum computing, AI and other cutting-edge technologies to solve the most pressing problems in medicine. Said that he was added.

The COVID-19 pandemic has created one of the greatest races in the history of scientific discovery, which demands unprecedented agility and speed, Krishna said. Said in a statement..

At the same time, science is undergoing unique changes. High-performance computing, hybrid cloud, data, AI, and quantum computing are being used in new ways to break the long-standing bottleneck in scientific discovery. A new collaboration with Cleveland Clinic combines world-renowned expertise in healthcare and life sciences with IBMs next-generation technology to make scientific discoveries faster and expand their reach than ever before. I will, says Krishna.

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African Education Minister Has Big Hi-Tech Dreams And Makes Music Videos Too : Goats and Soda – NPR

Sierra Leone's minister of education and chief innovation officer David Moinina Sengeh is a man of many talents. He's using mobile phone technology to improve daily life, he invented a way to make a prosthetic limb with a computer-assisted technique and he's a singer and rapper and a clothing designer, too. Jason Beaubien/NPR hide caption

Sierra Leone's minister of education and chief innovation officer David Moinina Sengeh is a man of many talents. He's using mobile phone technology to improve daily life, he invented a way to make a prosthetic limb with a computer-assisted technique and he's a singer and rapper and a clothing designer, too.

David Moinina Sengeh is not your typical education minister. The 34-year-old with a Ph.D. from MIT not only oversees the public schools in Sierra Leone, he's also the nation's chief innovation officer. And that's in addition to being a recording artist, a clothing designer and an inventor. A Ted Talk he gave about his innovative, computer-assisted technique to make personalized prosthetic limbs has garnered almost a million views.

Now Sengeh is on a mission to digitize government on a continent notorious for paper-laden bureaucracy and in a country where only a quarter of the population has access to electricity.

His efforts have been met with a fair amount of skepticism.

"In Sierra Leone and in many poor countries, the largest part of resistance that I got was, 'We are hungry and you tell us innovation,' " he says of early criticism of his drive to bring a digital revolution to Sierra Leone. "We don't have water, and you tell us, technology. There is no power. And you want us to think about science."

Sengeh talks in a calm, patient tone. He hears his critics but then insists that yes, he does wants to talk about the possibility of a Sierra Leonean space program.

"Someday we will send people to space," he says. "That's not where we are now. But we're looking at how we can use space technology or AI [artificial intelligence] or the mobile solutions to solve our immediate problems."

In his office at the Ministry of Basic and Secondary Education, Sengeh wears a black collarless shirt he designed himself. A gold embroidered strip stretches down his breastbone. His dreadlocks are tied behind his back.

"It took a long time for people to understand that actually, yes, you need science, technology and innovation to make sure you can eat better food and get more food and increase your yields," he says.

"And yes, you need better technology to make sure that you have water. And yes, you need better science and innovation to make sure you have better access to justice."

He says the key is to bring in digital solutions that solve the problems faced by Sierra Leoneans.

Sengeh pushed to make key info from the government website like the national calendar so people know when offices are closed for holidays available on a standard cell phone. Then it's accessible even to people who don't own a smart phone. And he's lobbied for digitizing what have been cumbersome public services.

"There's no reason why people need to come to Freetown to apply for a passport or to access for government services," he says. If technology can be leveraged to make government more effective, "we should use it," he says. "That's the vision."

For students his department launched a free dictionary available by text message. The word search works even on old-school cell phones in a country where the majority of people don't have smart phones.

Even though most of his 11,000 schools lack electricity, he's issuing tablets to administrators to track grades, teacher absenteeism and budgets. Sengeh argues that if the staff can figure out how to charge their cellphones every day, they'll manage to charge the tablets. "They'll figure it out with the solar solutions or mini-grids in their communities," he says. And a single tablet is just the beginning. He adds, "We also have a plan to have all of our schools be connected [to the internet]."

These innovative programs are being rolled out all across the country. Koidu in the east of the country is 5 hours away from Freetown if you have a good car or a 4X4. It's a full day's journey by bus.

At a COVID vaccination site, health-care workers, police officers and support staff from the local hospital are getting their injections. They each get a blue cardboard COVID vaccination card to track which vaccine they got and when. Francis Lebbie, one of the vaccinators, fills out the card and an accompanying immunization form.

Lebbie notes each vaccination by hand in a thick paper ledger that looks like a large hotel guest registration book. Then he also enters each immunization into an app on an Android tablet.

"We use this [tablet] to tally the information, collect the information and send the information to national on a daily basis," Lebbie says.

At the end of the day, the data uploads over the cell phone network so officials at the ministry of health in the capital can tally how many people were vaccinated and how many doses of which vaccine were used. And more important for the individuals who got vaccinated: They get an official text message notifying them when they're fully vaccinated. COVID test results can also be sent out via text, saving people from having to travel potentially long distances back to a health clinic to get results.

These are the kinds of changes Sengeh is advocating as Sierra Leone's first Chief Innovation Officer.

But he's not just an innovator. He's a musician who connects with young people, and that's key to his appeal. Sierra Leone is a young nation. The median age is just under 20 years old.

The Minister of Education regularly raps and sings on tracks for local artists.

Perfoming with several other well-known Sierra Leonean musicians, he has a new album out called Love Notes to Salone. "Salone" is what Sierra Leoneans informally and affectionately call their country. He says he makes music in part because it brings him closer to youth. "And I invite young people to make music videos with me because I want them to imagine this will be our own future," he says. "And I want all the younger siblings to look up to them and see their work and think, wow, that's cool."

Moinina David Sengeh via YouTube

Sengeh grew up in Sierra Leone amid his country's brutal civil war. He later went to Harvard and eventually got a Ph.D. from MIT. He sees educating young Sierra Leoneans as the key to transforming Sierra Leone. Over the next decade, he wants his country to move from being one of the poorest countries in the world to a middle-income nation.

"That's not going to happen by taking small steps," he says. "In a world where there's cryptocurrency and quantum computing we can't be thinking classically anymore. We have to think quantum. We have to think outside the box."

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African Education Minister Has Big Hi-Tech Dreams And Makes Music Videos Too : Goats and Soda - NPR

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Why industry supports the government’s $110 billion bet on technology R&D – Federal News Network

Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drives daily audio interviews onApple PodcastsorPodcastOne.

The technology industry is rooting for a bill the Senate passed earlier this year. The U.S. Innovation and Competition Act authorizes $110 billion over five years to fund research in artificial intelligence, semiconductors, quantum computing and related technologies. For why at least one sector likes this bill, Federal Drive with Tom Temin turned to the president and CEO of the Information Technology Industry (ITI) Council Jason Oxman.

Tom Temin: Jason, good to have you back.

Jason Oxman:Thanks, Tom. Its good to be with you.

Tom Temin: And this bill, of course, sets up regional technology centers lots of money and grants. What is industrys general take on what it will do?

Jason Oxman:Well, this is an enormously important bill, were strongly supportive of this legislation, glad it moved through the Senate, hope it moves through the House quickly and to the presidents desk. Its really critical for expanding Americas technology leadership. It has, as you mentioned, a lot of investment and focus on technology leadership, on economic competitiveness, U.S. innovation including funding for development of technology centers, research, high tech jobs theres really a lot in it thats going to be important for the U.S. economy and important for our technology leadership around the world.

Tom Temin: Yeah, and of course, this is aimed at least all the accounts Ive read in the summary of it at China. And I guess, maybe industrys view, it kind of gives industry the backup that maybe Chinese industrial counterparts have from their government?

Jason Oxman:Yeah, thats a really important point. And nowhere is this more evident than in the semiconductor provisions in this bill, theres funding in here $52 billion for something called the CHIPS Act for America. The CHIPS Act is focused on investing in manufacturing capability here in the U.S. for semiconductors. Weve all heard about the shortage of semiconductors across all industries around the world. And as the semiconductor industry looks to increase manufacturing capability, we think its enormously important that we do that here in the United States. China provides enormous subsidies for companies to invest in semiconductor manufacturing there. We think its more important that it happened here. Its important for manufacturing, its important for job creation, its important for national security. And this legislation has the funding in it. We need it to become law in order for that to become realized, but we think thats enormously important to have happen.

Tom Temin: Yes, because short term, the world is relying on Taiwan semiconductor manufacturing. And just as China came in and kind of smashed Hong Kong, it seems like Taiwan is probably next in their sights. So theres a short-term worry, because of that, correct?

Jason Oxman:Well, the long-term interest of the U.S. is to have companies like Taiwan Semiconductor Manufacturing Corporation (TSMC) build manufacturing capability in the U.S. Its a great company, Intel is a great company. There are other great manufacturers of semiconductors that do so in the U.S. like Texas Instruments. We love AMD all these companies are terrific and we want them to continue to grow their supply. But we want them to do it in the U.S. We dont want them to build their next generation of plants elsewhere. We dont want it built in China, we want it built in the U.S. So the CHIPS Act has that funding in it to help semiconductors be built here in the U.S. And we think thats what we should be doing.

Tom Temin: And I guess maybe the larger question then is, what are the policies that gave rise to the exodus of chip manufacturing from the United States in the first place? I mean, wed still refer constantly to Silicon Valley, which used to be Silicon Valley. Now its Software Valley, and Lord knows what else but the [Facilitating American-Built Semiconductors] have closed up and moved elsewhere. Maybe theres something in our policies that could foster industry to stay here in the first place?

Jason Oxman:Well, its an enormously important question. And it is the driving force behind this legislation, the U.S. Innovation and Competition Act is designed to replace those national policies that we used to have to encourage manufacturing in the U.S. with a new generation of policies that invest in national security and global economic competitiveness. So youre absolutely right. Just a couple of decades ago, in the 90s, well over 25% of the worlds semiconductors were manufactured here in the U.S. Today, that number is closer to 11%. So we really have lost in almost an entire generation of manufacturing capability. So the policy change that needs to happen is reverting back to policies that support manufacturing here in the U.S., support job creation, support research and development. And thats exactly what this legislation does. And were hoping to reverse the trend that weve seen in the last couple decades of the manufacturing of semiconductors moving outside of the U.S. Lets bring it back to the U.S.

Tom Temin: Were speaking with Jason Oxman, president and CEO of the Information Technology Industry Council. Because you wonder if someone proposed a million-square-foot FAB somewhere in California, or in Washington state or even Texas for that matter how long such a thing would be tied up with environmental reviews and regulatory red tape, that is both federal, state and local.

Jason Oxman:And this partnership among all levels of government, with the federal government leading the way, is enormously important to addressing those kind of concerns. What weve in recent years is really industrial policy from other areas of the world China leading the way such that it becomes much more expensive to build a semiconductor manufacturing facility in the U.S. than outside of the U.S. for all of those reasons you mentioned, ranging from the time it takes to get the permitting to actual funding from government, to help secure the investing to tax credits that helped make it more economically viable to build those facilities. So other countries are doing this around the world. Hence, the reason that semiconductor manufacturing has moved outside of the U.S. If we can get the U.S. Innovation and Competition Act, and the CHIPS Act funding moved forward, signed into law by the president, we have a real opportunity to re-engage with the R&D, the tech talent and the manufacturing capability here in the U.S. Its going to have enormous economic benefits, its going to have enormous national security benefits we really need to get it done.

Tom Temin: And when you look at chip manufacturing, in some ways, its the final step in a long chain of suppliers Air Products, companies like that construction, all sorts of high tech semiconductor manufacturing equipment. And then of course, a semiconductor chip is the expression of millions and millions of lines of code etched into hardware. So theres all this software development. It seems like these could really be great economic engines.

Jason Oxman:No question. The semiconductor industry really is the backbone. Its the building block for everything. There is not a device on the market today that doesnt have semiconductors inside it, ranging from the phones that were talking on right now across the world, to artificial intelligence to supercomputers to cars and vacuum cleaners and everything in between. So no question these are the backbones they are the essential building block for every device thats manufactured. So we have an opportunity to increase the manufacturing capability. We really have the opportunity to build every industry thats built on top of semiconductors. So it has enormous spillover benefits for economic competitiveness.

Tom Temin: And the bill deals with more than simply semiconductors. Theres quantum computing, theres artificial intelligence, a whole string of things that would seem to create an ecosystem that seems to be ebbing at the moment in the country.

Jason Oxman:Its all of those things, its funding for all of those areas that you just mentioned. Its also a really important focus in this legislation, on training and trade and economic and manufacturing jobs, high-skilled jobs in the U.S. We need more high-skilled jobs and we need more high skilled workers. And retraining, reskilling is enormously important. But also STEM education to get people into these high-skilled jobs is important. So theres a lot of programs in the US innovation and Competition Act that would advance that as well. It really is an omnibus bill that looks at the global economic competitiveness of the United States, and takes concrete steps in a number of different areas, to build out capabilities that will help grow the U.S. economy and help the U.S. compete internationally.

Tom Temin: And do you ever think that perhaps this could also help some of the economically underprivileged, if you will, areas of the country that drive through large swaths of Appalachia, through the Rust Belt, Youngstown, Ohio; and parts of Indiana and states like that, where you see vast former factories, or gigantic sites that are nothing but you know, rubble at this point. It seems like theres a great opportunity for training people and building facilities where you already have open land that used to be a factory of long ago.

Jason Oxman:And the technology industry really has taken a lead in doing that. Companies like Intuit is one I think of that is invested in technology jobs in West Virginia in the middle of Appalachia and is creating hundreds of new jobs and retraining and reskilling people. And thats why the workforce components of the U.S. Innovation and Competition Act are so important because we do have an opportunity to transform areas of the country that have maybe seen their heyday with different types of manufacturing transform into high tech manufacturing. But it really is about the skilling of workers and also the STEM training and making sure that we make our STEM training start early enough and makes it attractive to people in areas that may not have had STEM training, starting in middle school, starting in elementary school, working through high school into associate degrees, making sure we dont view the four-year college degree as the only potential path to getting a good high-paying job. These are all provisions that are in the U.S. innovation and Competition Act and one of the reasons that the tech industry, which needs these workers, and has these jobs available, is so supportive of the legislation.

Tom Temin: And what is ITI doing to make sure this advances in the House at this point?

Jason Oxman:Well, we have worked hard to get it through the Senate and we were very pleased to see it passed the Senate with overwhelming bipartisan support. Now we need to move to the House. ITI and the tech industry that we represent, all 80 of our member companies that are global technology and innovation powerhouses are telling the story of how the U.S. Innovation and Competition Act will advance the U.S. economy, will help create great jobs and help move forward our economic competitiveness. Were telling that story in the House. Were there every day and meeting with folks and helping them understand the importance of this legislation, and were doing everything we can to move it forward.

Tom Temin: Jason Oxman is president and CEO of the Information Technology Industry Council. Thanks so much for joining me.

Jason Oxman: Thank you.

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Why industry supports the government's $110 billion bet on technology R&D - Federal News Network

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These remote-friendly jobs in cryptocurrency pay over $100,000 – CNBC

Cryptocurrency is gaining popularity among young investors who are turning to the digital payment method in an effort to build wealth outside of traditional finance systems.

The industry is growing, with companies like Coinbase, the largest American cryptocurrency exchange platform, now at an estimated 56 million verified users and over 1,700 employees. Coinbase became the first cryptocurrency company to list its shares on the American stock exchange in April.

And despite a tight labor market, in part driven by the pandemic, blockchain topped LinkedIn's most in-demand hard skills for 2020.

Recent job listings compiled by FlexJobs, a site for individuals interested in remote flexible work, found that companies hiring in cryptocurrency are looking for a wide set of skills with some specialized knowledge or experience in technical areas like software, technical content, development, data analytics or product development.

Combined with salary data from PayScale, a compensation platform, FlexJobs put together a list of cryptocurrency jobs currently listed on their site.

Here are some of the current job openings in the field across a variety of skill sets and positions that pay over $100,000

Some less technical requirements are common in high-level positions with large-scale teams: team management, organizational development, cross-functional relationship building, communication skills and problem-solving abilities, says FlexJobscareer development manager and coach Brie Reynolds.

"We've seen a wide range of positions in the cryptocurrency industry offering remote jobs," Reynolds tells CNBC Make It. "Those positions can range from global compensationand benefits manager, to a customer support analyst to influencer marketing positions."

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These remote-friendly jobs in cryptocurrency pay over $100,000 - CNBC

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Cryptocurrency Prices Today on July 9: Bitcoin, ether trade in the red – Moneycontrol.com

Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin

July 09, 2021 / 08:07 AM IST

Most cryptocurrencieswere trading in the red, with bitcoin down 2 percent, early on July 9. The global cryptocurrency market is currently $1.35 trillion, a decline of 4.84 percent over the past 24 hours.

Bitcoin, the world's largest cryptocurrency by market capitalisation, is trading at over $32,700. The price of ether is down 9 percent, trading at over $2,000.

Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin.

"We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...", Jesse Dorogusker, head of hardware at Square said in a series of tweets.

The news comes amidUS Senator Elizabeth Warren raised concerns abouttherisks posed to consumers and financial markets by the cryptocurrency market.

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Cryptocurrency Prices Today on July 9: Bitcoin, ether trade in the red - Moneycontrol.com

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