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HQS and AQT Announce Strategic Partnership – HPCwire

KARLSRUHE, Germany, April 7, 2020 HQS Quantum Simulation and Alpine Quantum Technologies (AQT) are pleased to announce they have entered a global strategic partnership, combing HQSs experience in providing software to facilitate the upcoming revolution in computer-aided materials design with AQTs know-how on ion-trap quantum computing.

Predictive simulations are key to the development of materials, as well as their application in structural design. HQS develops software for material simulation and has released the free, easy to use platformSCCEfor the simulation of lattice models. SCCE is a cloud-based quantum computing platform for a wide range of users. Within this cooperation, AQT provides its quantum computers as a backend to SCCE.

Currently we solve strongly correlated lattice models using DMRG (Density Matrix Renormalization Group). However, no matter how optimized the method may be, classical computer are fundamentally limited, says Michael Marthaler CEO of HQS Quantum Simulations, While it will take a while for quantum computers to overtake existing methods, we intend to allow for the solution of small toy models on the AQT quantum computer.

AQT is a leading start-up in the race to build a quantum computer. A spin-off from Innsbruck University and the Austrian Academy of Sciences, AQT realizes quantum computers based on the individual manipulation of trapped charged atoms. The ion-trap platform has intrinsically low error rates and can be readily scaled up to larger systems.

AQT provides cloud-access to its quantum computer for a wide range of applications. Chemistry and materials are governed by the rules of quantum mechanics. The challenge is to merge chemistry understanding with quantum programming. says Thomas Monz, CEO of AQT, Combining the theory and software experience of HQS with the hardware and engineering expertise of AQT will significantly facilitate user- and application-driven progress in this field.

The second quantum revolution

There is no doubt that the quantum revolution is coming. Quantum technology is playing an increasingly critical role in every aspect of business. More and more companies recognize that they need to accelerate the development of digital solutions to ensure they remain on the competitive vanguard.

One of the greatest challenges in the development of quantum computers is considered the highly complex interaction of hardware and software. Two European Start-ups, each a pioneer in its field, HQS Quantum Simulations, one of the topEuropean Quantum Software Start-upsand AQT, one of the topQuantum Computing Hardware Providerscan provide the solution and will work together offering a broad range of innovative applications in various fields of industry and academia.

HQS algorithms are developed to work both on conventional state-of-the-art computers and on quantum computers. The collaboration allows customers direct access to quantum chemistry software solutions from HQS that can be immediately implemented on an AQT ion-trap quantum computer in Innsbruck, Austria, via Cirq. Customers will directly benefit from the performance advantage of quantum computers of their classical counterparts.

About Alpine Quantum Technologies (AQT)

AQT is a quantum computer startup located in Innsbruck, building on decades of experimental and theoretical expertise in the field of quantum information processing. The goal of AQT is to get quantum technologies out of a laboratory environment and turn these technologies into everyday products. The long-term goal is a quantum computer based on trapped ions that is installed in normal IT infrastructure and can be readily operated from any PC or laptop. AQT has received significant Austrian public investments to achieve these goals.

About HQS Quantum Simulations

HQS Quantum Simulations is developing quantum algorithms to predict molecular properties for performance materials, specialty chemicals and pharmaceutical companies. The HQS algorithms work both on conventional state-of-the-art computers and on quantum computers, allowing our clients to already tap into the potential of this new technology. We offer to increase the speed and efficiency of product development processes for our customers, widen the understanding of chemical and physical interactions which leads to better products and processes and faster development cycles.

Source: HQS Quantum Simulations

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Prysmian Group Selects IBM To Help Accelerate Digital Transformation With Adoption of IBM Cloud – PRNewswire

MILAN, April 9, 2020 /PRNewswire/ -- Prysmian Group (PRY: IM), a global leader in the energy and telecom cable systems industry and the largest manufacturer of cables in the world, has selected IBM Services (NYSE: IBM) to help expand and manage its global technological infrastructure. The three-year agreement engagement is designed to addresses Prysmian's need to better integrate their presence in 50 countries around the world. Managed by IBM Services, Prysmian will integrate its IT infrastructure with IBM Cloud and adopt a hybrid cloud strategy.

With the acquisition of American cable manufacturing company, General Cable, in 2018, Prysmian Group has made it a priority to fully integrate the information systems of the two companies, to support flexible, efficient and secure digitization of processes and products that drive the international growth of the business. As part of this effort, Prysmian Group will migrate its SAP workloads to IBM Cloud to leverage higher value technology, including AI, IoT and human augmentation. The agreement with IBM also includes services for the management of the global Prysmian IT environment. With the new infrastructure in place Prysmian Group anticipates high levels of service in terms of availability and reliability, as well as enterprise-grade security.

IBM will provide and manage a modern IT infrastructure with a global delivery model and service levels. Under the agreement, IBM Services will also manage the integration of the existing legacy IT infrastructures and move Prysmian Group's SAP S/4HANA, the company's ERP platform, onto SAP certified physical and virtual appliances on IBM Cloud to further support its digital business transformation.

"The important acquisition of General Cable required focus on the integration of processes and the digitalization of products. This represents our differentiation from our competitors", says Stefano Brandinali, CIO and Chief Digital Officer Prysmian Group. "To tackle this challenging task we have chosen IBM as our global technology provider to help drive ongoing transformation within the organization. IBM brings its industry experience to support the development of a modern IT infrastructure based on IBM Cloud.

"IBM is pleased to help facilitate the next step forward in support of Prysmian's business, which has always been committed to providing its customers with products and services with a high level of innovation", states Stefano Rebattoni, Vice President Enterprise Sales of IBM Italy. "The adoption of IBM Cloud will help support a solid digital transformation path towards continuous improvement of service quality and operational efficiency".

For this implementation, Prysmian will leverage the IBM Services data center and the IBM Cloud data center in Milan.The three-year contract will be managed by IBM Services, with also the responsibility for the disaster recovery services for the Group's IT infrastructure.

IBM and Prysmian Group signed this transaction in IBM's 2Q of 2019.

About Prysmian GroupPrysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of over 11 billion, about 29,000 employees in over 50 countries and 106 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors.For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.

About IBM CloudWith over$20Bin annual cloud revenue, IBM has built a leading enterprise hybrid cloud business. This includes a comprehensive range of as-a-service offerings, software, hardware and professional services that enable IBM to advise, move, build and manage cloud solutions across public, private and on-premises environments. Through its global network of more than 60 cloud data centers across 19 countries and 18 availability zones across 6 regions, IBM public cloud helps enterprises in all industries to meet security, resiliency, performance, and global deployment requirements. Built on an open source, multitenant environment, clients have secured access to an enterprise-grade IaaS and a leading PaaS that provides them with the latest developer capabilities and ready-to-go innovation engines. This includes more than 190 cloud-native APIs, such as AI, blockchain, IoT, serverless and quantum computing, and consistent function all the way to the edge. For more information, visithttps://www.ibm.com/cloud/public

For more information on IBM Cloud, visit http://www.ibm.com/cloud

Contacts

Lorenzo Caruso

Cristina Bifulco

Corporate and Business Communications Director

Investor Relations Director

Ph. 0039 02 6449.1

Ph. 0039 02 6449.1

[emailprotected]

[emailprotected]

Claudia Ruffini

Cross Communications, IBM Italia

+39 3356325093

[emailprotected]

SOURCE IBM

http://www.ibm.com

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DeepMinds AI models transition of glass from a liquid to a solid – VentureBeat

In a paper published in the journal Nature Physics, DeepMind researchers describe an AI system that can predict the movement of glass molecules as they transition between liquid and solid states. The techniques and trained models, which have been made available in open source, could be used to predict other qualities of interest in glass, DeepMind says.

Beyond glass, the researchers assert the work yields insights into general substance and biological transitions, and that it could lead to advances in industries like manufacturing and medicine. Machine learning is well placed to investigate the nature of fundamental problems in a range of fields, a DeepMind spokesperson told VentureBeat. We will apply some of the learnings and techniques proven and developed through modeling glassy dynamics to other central questions in science, with the aim of revealing new things about the world around us.

Glass is produced by cooling a mixture of high-temperature melted sand and minerals. It acts like a solid once cooled past its crystallization point, resisting tension from pulling or stretching. But the molecules structurally resemble that of an amorphous liquid at the microscopic level.

Solving glass physical mysteries motivated an annual conference by the Simons Foundation, which last year hosted a group of 92 researchers from the U.S., Europe, Japan, Brazil, and India in New York. In the three years since the inaugural meeting, theyve managed breakthroughs like supercooled liquid simulation algorithms, but theyve yet to develop a complete description of the glass transition and predictive theory of glass dynamics.

Thats because there are countless unknowns about the nature of the glass formation process, like whether it corresponds to a structural phase transition (akin to water freezing) and why viscosity during cooling increases by a factor of a trillion. Its well-understood that modeling the glass transition is a worthwhile pursuit the physics behind it underlie behavior modeling, drug delivery methods, materials science, and food processing. But the complexities involved make it a hard nut to crack.

Fortunately, there exist structural markers that help identify and classify phase transitions of matter, and glasses are relatively easy to simulate and input into particle-based models. As it happens, glasses can be modeled as particles interacting via a short-range repulsive potential, and this potential is relational (because only pairs of particles interact) and local (because only nearby particles interact with each other).

The DeepMind team leveraged this to train a graph neural network a type of AI model that directly operates on a graph, a non-linear data structure consisting of nodes (vertices) and edges (lines or arcs that connect any two nodes) to predict glassy dynamics. They first created an input graph where the nodes and edges represented particles and interactions between particles, respectively, such that a particle was connected to its neighboring particles within a certain radius. Two encoder models then embedded the labels (i.e., translated them to mathematical objects the AI system could understand). Next, the edge embeddings were iteratively updated, at first based on their previous embeddings and the embeddings of the two nodes to which they were connected.

After all of the graphs edges were updated in parallel using the same model, another model refreshed the nodes based on the sum of their neighboring edge embeddings and their previous embeddings. This process repeated several times to allow local information to propagate through the graph, after which a decoder model extracted mobilities measures of how much a particle typically moves for each particle from the final embeddings of the corresponding node.

The team validated their model by constructing several data sets corresponding to mobilities predictions on different time horizons for different temperatures. After applying graph networks to the simulated 3D glasses, they found that the system strongly outperformed both existing physics-inspired baselines and state-of-the-art AI models.

They say that network was extremely good on short times and remained well matched up to the relaxation time of the glass (which would be up to thousands of years for actual glass), achieving a 96% correlation with the ground truth for short times and a 64% correlation for relaxation time of the glass. In the latter case, thats an improvement of 40% compared with the previous state of the art.

In a separate experiment, to better understand the graph model, the team explored which factors were important to its success. They measured the sensitivity of the prediction for the central particle when another particle was modified, enabling them to judge how large of an area the network used to extract its prediction. This provided an estimate of the distance over which particles influenced each other in the system.

They report theres compelling evidence that growing spatial correlations are present upon approaching the glass transition, and that the network learned to extract them. These findings are consistent with a physical picture where a correlation length grows upon approaching the glass transition, wrote DeepMind in a blog post. The definition and study of correlation lengths is a cornerstone of the study of phase transition in physics.

DeepMind claims the insights gleaned could be useful in predicting the other qualities of glass; as alluded to earlier, the glass transition phenomenon manifests in more than window (silica) glasses. The related jamming transition can be found in ice cream (acolloidal suspension), piles of sand (granular materials), and cell migration during embryonic development, as well as social behaviors such as traffic jams.

Glasses are archetypal of these kinds of complex systems, which operate under constraints where the position of elements inhibits the motion of others. Its believed that a better understanding of them will have implications across many research areas. For instance, imagine a new type of stable yet dissolvable glass structure that could be used for drug delivery and building renewable polymers.

Graph networks may not only help us make better predictions for a range of systems, wrote DeepMind, but indicate what physical correlates are important for modeling them that machine learning systems might be able to eventually assist researchers in deriving fundamental physical theories, ultimately helping to augment, rather than replace, human understanding.

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AI and the coronavirus fight: How artificial intelligence is taking on COVID-19 – ZDNet

As the COVID-19 coronavirus outbreak continues to spread across the globe, companies and researchers are looking to use artificial intelligence as a way of addressing the challenges of the virus. Here are just some of the projects using AI to address the coronavirus outbreak.

Using AI to find drugs that target the virus

A number of research projects are using AI to identify drugs that were developed to fight other diseases but which could now be repurposed to take on coronavirus. By studying the molecular setup of existing drugs with AI, companies want to identify which ones might disrupt the way COVID-19 works.

BenevolentAI, a London-based drug-discovery company, began turning its attentions towards the coronavirus problem in late January. The company's AI-powered knowledge graph can digest large volumes of scientific literature and biomedical research to find links between the genetic and biological properties of diseases and the composition and action of drugs.

EE: How to implement AI and machine learning (ZDNet special report) | Download the report as a PDF (TechRepublic)

The company had previously been focused on chronic disease, rather than infections, but was able to retool the system to work on COVID-19 by feeding it the latest research on the virus. "Because of the amount of data that's being produced about COVID-19 and the capabilities we have in being able to machine-read large amounts of documents at scale, we were able to adapt [the knowledge graph] so to take into account the kinds of concepts that are more important in biology, as well as the latest information about COVID-19 itself," says Olly Oechsle, lead software engineer at BenevolentAI.

While a large body of biomedical research has built up around chronic diseases over decades, COVID-19 only has a few months' worth of studies attached to it. But researchers can use the information that they have to track down other viruses with similar elements, see how they function, and then work out which drugs could be used to inhibit the virus.

"The infection process of COVID-19 was identified relatively early on. It was found that the virus binds to a particular protein on the surface of cells called ACE2. And what we could with do with our knowledge graph is to look at the processes surrounding that ingestion of the virus and its replication, rather than anything specific in COVID-19 itself. That allows us to look back a lot more at the literature that concerns different coronaviruses, including SARS, etc. and all of the kinds of biology that goes on in that process of viruses being ingested in cells," Oechsle says.

The system suggested a number of compounds that could potentially have an effect on COVID-19 including, most promisingly, a drug called Baricitinib. The drug is already licensed to treat rheumatoid arthritis. As Baricitinib works to damp down the inflammatory processes that can cause the symptoms of rheumatoid arthritis, it can play a similar role in COVID-19, which can cause an acute inflammatory reaction that lands patients in ICU.

Shedding light on the structure of COVID-19

DeepMind, the AI arm of Google's parent company Alphabet, is using data on genomes to predict organisms' protein structure, potentially shedding light on which drugs could work against COVID-19.

DeepMind has released a deep-learning library calledAlphaFold, which uses neural networks to predict how the proteins that make up an organism curve or crinkle, based on their genome. Protein structures determine the shape of receptors in an organism's cells. Once you know what shape the receptor is, it becomes possible to work out which drugs could bind to them and disrupt vital processes within the cells: in the case of COVID-19, disrupting how it binds to human cells or slowing the rate it reproduces, for example.

Aftertraining up AlphaFold on large genomic datasets, which demonstrate the links between an organism's genome and how its proteins are shaped, DeepMind set AlphaFold to work on COVID-19's genome.

"We emphasise that these structure predictions have not been experimentally verified, but hope they may contribute to the scientific community's interrogation of how the virus functions, and serve as a hypothesis generation platform for future experimental work in developing therapeutics," DeepMind said. Or, to put it another way, DeepMind hasn't tested out AlphaFold's predictions outside of a computer, but it's putting the results out there in case researchers can use them to develop treatments for COVID-19.

Detecting the outbreak and spread of new diseases

Artificial-intelligence systems were thought to be among the first to detect that the coronavirus outbreak, back when it was still localised to the Chinese city of Wuhan, could become a full-on global pandemic.

It's thought that AI-driven HealthMap, which is affiliated with the Boston Children's Hospital,picked up the growing clusterof unexplained pneumonia cases shortly before human researchers, although it only ranked the outbreak's seriousness as 'medium'.

"We identified the earliest signs of the outbreak by mining in Chinese language and local news media -- WeChat, Weibo -- to highlight the fact that you could use these tools to basically uncover what's happening in a population," John Brownstein, professor of Harvard Medical School and chief innovation officer at Boston Children's Hospital, told the Stanford Institute for Human-Centered Artificial Intelligence's COVID-19 and AI virtual conference.

Human epidemiologists at ProMed, an infectious-disease-reporting group, published their own alert just half an hour after HealthMap, and Brownstein also acknowledged the importance of human virologists in studying the spread of the outbreak.

"What we quickly realised was that as much it's easy to scrape the web to create a really detailed line list of cases around the world, you need an army of people, it can't just be done through machine learning and webscraping," he said. HealthMap also drew on the expertise of researchers from universities across the world, using "official and unofficial sources" to feed into theline list.

The data generated by HealthMap has been made public, to be combed through by scientists and researchers looking for links between the disease and certain populations, as well as containment measures. The data has already been combined with data on human movements, gleaned from Baidu,to see how population mobility and control measuresaffected the spread of the virus in China.

HealthMap has continued to track the spread of coronavirus throughout the outbreak, visualising itsspread across the world by time and location.

Spotting signs of a COVID-19 infection in medical images

Canadian startup DarwinAI has developed a neural network that can screen X-rays for signs of COVID-19 infection. While using swabs from patients is the default for testing for coronavirus, analysing chest X-rays could offer an alternative to hospitals that don't have enough staff or testing kits to process all their patients quickly.

DarwinAI released COVID-Net as an open-source system, and "the response has just been overwhelming", says DarwinAI CEO Sheldon Fernandez. More datasets of X-rays were contributed to train the system, which has now learnt from over 17,000 images, while researchers from Indonesia, Turkey, India and other countries are all now working on COVID-19. "Once you put it out there, you have 100 eyes on it very quickly, and they'll very quickly give you some low-hanging fruit on ways to make it better," Fernandez said.

The company is now working on turning COVID-Net from a technical implementation to a system that can be used by healthcare workers. It's also now developing a neural network for risk-stratifying patients that have contracted COVID-19 as a way of separating those with the virus who might be better suited to recovering at home in self-isolation, and those who would be better coming into hospital.

Monitoring how the virus and lockdown is affecting mental health

Johannes Eichstaedt, assistant professor in Stanford University's department of psychology, has been examining Twitter posts to estimate how COVID-19, and the changes that it's brought to the way we live our lives, is affecting our mental health.

Using AI-driven text analysis, Eichstaedt queried over two million tweets hashtagged with COVID-related terms during February and March, and combined it with other datasets on relevant factors including the number of cases, deaths, demographics and more, to illuminate the virus' effects on mental health.

The analysis showed that much of the COVID-19-related chat in urban areas was centred on adapting to living with, and preventing the spread of, the infection. Rural areas discussed adapting far less, which the psychologist attributed to the relative prevalence of the disease in urban areas compared to rural, meaning those in the country have had less exposure to the disease and its consequences.

SEE:Coronavirus: Business and technology in a pandemic

There are also differences in how the young and old are discussing COVID-19. "In older counties across the US, there's talk about Trump and the economic impact, whereas in young counties, it's much more problem-focused coping; the one language cluster that stand out there is that in counties that are younger, people talk about washing their hands," Eichstaedt said.

"We really need to measure the wellbeing impact of COVID-19, and we very quickly need to think about scalable mental healthcare and now is the time to mobilise resources to make that happen," Eichstaedt told the Stanford virtual conference.

Forecasting how coronavirus cases and deaths will spread across cities and why

Google-owned machine-learning community Kaggle is setting a number of COVID-19-related challenges to its members, includingforecasting the number of cases and fatalities by cityas a way of identifying exactly why some places are hit worse than others.

"The goal here isn't to build another epidemiological model there are lots of good epidemiological models out there. Actually, the reason we have launched this challenge is to encourage our community to play with the data and try and pick apart the factors that are driving difference in transmission rates across cities," Kaggle's CEO Anthony Goldbloom told the Stanford conference.

Currently, the community is working on a dataset of infections in 163 countries from two months of this year to develop models and interrogate the data for factors that predict spread.

Most of the community's models have been producing feature-importance plots to show which elements may be contributing to the differences in cases and fatalities. So far, said Goldbloom, latitude and longitude are showing up as having a bearing on COVID-19 spread. The next generation of machine-learning-driven feature-importance plots will tease out the real reasons for geographical variances.

"It's not the country that is the reason that transmission rates are different in different countries; rather, it's the policies in that country, or it's the cultural norms around hugging and kissing, or it's the temperature. We expect that as people iterate on their models, they'll bring in more granular datasets and we'll start to see these variable-importance plots becoming much more interesting and starting to pick apart the most important factors driving differences in transmission rates across different cities. This is one to watch," Goldbloom added.

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Step away from the news and breathe – Waukon Standard

by Jill Fleming, MS, RD/LD

The newest strain of the Coronavirus has created a huge wave of panic amongst our community. Everyone is worried about loved ones getting sick. It may seem like negative thoughts are running through your head on endless repeat over the past few weeks. You might feel like youre spiraling out of control, going crazy or about to burn out under the weight of all this anxiety. This is not good, as excess anxiety or worrying can weaken your immune system.

The good news is that there are steps you can take right now to interrupt all those anxious thoughts and give yourself a time out from your worrying. So, step away from the news and (in your mind) set down your big bag of worries. Pick one of the following ways to reconnect with your body and get out of your head for a few minutes today.

Get up and get moving. Exercise is a natural and effective anti-anxiety treatment because it releases endorphins which relieve tension and stress, boost energy, and enhance your sense of well-being. Even more importantly, by really focusing on how your body feels as you move, you can interrupt the constant flow of worries running through your head. Pay attention to the sensation of your feet hitting the ground as you walk, run, or dance, for example, or the rhythm of your breathing or the feeling of the sun or wind on your skin.

Get outside. Nature is the antidote to stress. Step outside and take a few deep breaths. The fresh air, sunshine, birds and breeze will help you reconnect with your spiritual side. Have a few silent minutes in nature in the morning and evening. Just listen to the sounds and feel the air fill your lungs and touch your skin.

Do an online yoga or tai chi session. By focusing your mind on your movements and breathing, doing yoga or tai chi keeps your attention on the present moment, helping to clear your mind and lead to a relaxed state.

Meditate. Meditation works by switching your focus from worrying about the future or dwelling on the past to whats happening right now. By being fully engaged in the present moment, you can interrupt the endless loop of negative thoughts and worries. And you dont need to sit cross-legged, light candles, or chant. Simply find a quiet, comfortable place and choose one of the many free meditation videos online that can guide you through the meditation process.

Practice progressive muscle relaxation. This can help you break the endless loop of worrying by focusing your mind on your body instead of your thoughts. By alternately tensing and then releasing different muscle groups in your body, you release muscle tension in your body. And as your body relaxes, your mind will follow.

Try deep breathing. When you worry, you become anxious and breathe faster, often leading to further anxiety. But by practicing deep breathing exercises, you can calm your mind and quiet negative thoughts.

Yes, you do need to be aware of how to best protect yourself and your loved ones. Keep washing your hands, practice social distancing, eat healthy foods daily and follow the general recommendations for dealing with the Coronavirus. In addition, plan to get out of your head at least once each day to limit your anxiety, stress and worry.

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Companies are bracing for the toughest phase in business continuity: Karan Bajwa – Livemint

Karan Bajwa is settling into his new role as the managing director (MD) of Google Cloud in India after his appointment in March this year. An industry veteran, prior to this, Bajwa served as the MD of IBM, India and South Asia, before which he led Microsofts India operations. In a Mint interview, Bajwa shares his top priorities, growth of the cloud business, and the impact of covid-19, among others. Edited excerpts:

As you take over the new role, what are your top priorities?

As MD for Google Cloud in India, I am responsible for driving all revenue and go-to-market operations for our extensive solution portfolio that includes Google Cloud Platform and G Suite for Google Cloud in India. This includes managing our field sales, partner and customer engineering organisations in India, along with Google Clouds continued work with the local developer ecosystem and India-based Global System Integrators (GSIs). Given the challenges businesses are facing in India today with covid-19, modernising their technology infrastructure for business continuity is on the agenda for almost every enterprise CIO and CEO. My team and I are focused on helping Indian businesses of all sizes solve their most complex business with cloud technology so they can serve their staff and their own customers. This includes ensuring their teams can adapt to virtual work, that their business processes are scalable and resilient, and that the demands on their infrastructure are sustainable.

How has the impact of covid-19 been so far and what are you doing differently?

In addition to the serious implications on peoples health and healthcare services, the covid-19 pandemic is having a significant impact on businesses and the global economy. Companies have been hit hard and are bracing for what many are referring to as the toughest phase in business continuity. We are having daily conversations with businesses around how we can help them serve their staff and their customers in these challenging times. We have taken initiatives like making premium Google Meet features available to customers for free; helping governments build rapid response apps and virtual agents to ensure citizen preparedness; ensuring healthcare providers have the collaboration tools and infrastructure support that they need to provide enhanced healthcare services; and discussing how retailers can pursue omni-channel strategies and better predict product demand.

How has Google Clouds growth in India been and where does India stand?

We dont break down into regional numbers but as per Alphabets Q4 FY19 earnings call, Google Cloud has hit an annualised run rate over $10 billion, a 53% increase year-on-year. We are hiring aggressively in all major markets worldwide including India and are looking to triple the size of our customer-facing employees (sales, service, and support) globally over the next few years. We are also invested and committed to the Indian market. We launched our first GCP (Google Cloud Platform) region in Mumbai in 2017, and last month, we announced plans to launch a second GCP region in Delhi in 2021.

Which are the fastest growing verticals in terms of adoption of Google Cloud?

Both digital natives and incumbents across industries are choosing Google Cloud to run their critical workloads. Globally and in India, we are focused on six top industries: financial services, telecommunications, media & entertainment, retail, healthcare & life sciences, manufacturing & industrial, and public sector and are aligning our field sales organisation to them. This will allow us to have a deep understanding of the needs of each vertical, and partner with our customers to solve their most pressing business problems effectively.

How are you leveraging artificial intelligence (AI) and machine learning (ML) in Google Cloud?

AI is built into everything that Google does and it is a competitive differentiator for Google Cloud. One of the unique aspects of our Cloud AI group is that we are doing research and building products within the same organisation. This gives us an opportunity to tie our innovation and customer insights into the same feedback loop to build the best possible AI products. We also have the opportunity to work cross-functionally with research teams like Brain and DeepMind, as well as product teams across Google.

Many products within Google Cloud fit into established spaces that our customers already know. AI is still so nascent, and customers want to use it but need help understanding how. There are fewer than a million data scientists and just thousands of deep learning researchers in the world, but there are over 21 million developers. We want to empower that large developer base with products they can use to build AI into their technology stack, especially with an offering like AutoML.

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Chess duo still making moves – Nation News

Vanessa Greenidge (FILE)

Lockdown has not stopped Barbados young chess players from making moves.

Though the novel coronavirus has hindered competitions, Vanessa Greenidge and Kyle Sandiford are still seeing the way forward.

For double silver medallist Greenidge, it would have been the second year competing in the Under-16 division at the ninth CARIFTA Junior Chess Championships in Guyana from April 9 to 14.

That dream was put on hold when the event was postponed.

I would have been training hard since the last time so I was a bit disappointed because I would have gotten to play and to interact with other players. I missed out on the overall category prize. I got third in Under-14 but I missed out because I came fourth in Under-16, she told Weekend Sport. (RG)

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ASX sees value of securities held in CHESS decrease – Asset Servicing Times

The Australian Securities Exchange (ASX) has revealed that the value of securities held in CHESS was 13 percent lower than the previous corresponding period (pcp), while the number of dominant settlement messages was 81 percent higher than the pcp.

ASXs monthly activity report showed the value of securities held in Austraclear was 4 percent higher than March 2019, according to the ASX report.

Elsewhere, the report found that total capital raised stood at $4.2 billion, down 22 percent on the pcp.

For clearing and exchange-traded markets, ASX noted that participant margin balances held on balance sheet at month-end totalled $14.3 billion in March 2020, compared to $9.9 billion in March last year.

ASX also reported that in trading, equity options, in March this year, single stock options average daily contracts traded were up 10 percent and index options average daily contracts traded were up 44 percent on the pcp.

Meanwhile, for clearing, over-the-counter markets (OTC), the notional value of OTC interest rate derivative contracts centrally cleared was $1,300.1 billion, compared to $1,051.6 billion in the pcp.

Looking at trading, the average daily futures volume was up 6 percent and average daily options volume was down 49 percent on the pcp.

In the report, ASX said that total average daily futures and options on futures volumes were up 6 percent on the pcp.

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AI and cloud computing used to develop COVID-19 vaccine – Drug Target Review

A potential COVID-19 vaccine has been developed by researchers using AI and cloud computing to prevent the Spike protein from binding to the ACE2 receptor on human cells.

Australian researchers have developed and are testing a COVID-19 vaccine candidate to fight against the SARS-CoV-2 coronavirus.

Working with Oracle cloud technology and vaccine technology developed by Vaxine, the researchers from Flinders University analysed the COVID-19 virus and used this information to design the vaccine candidate.

The vaccine has progressed into animal testing in the US and once we confirm it is safe and effective will then be advanced into human trials, said Professor Nikolai Petrovsky at Flinders University and Research Directorat Vaxine.

As soon as the genomic sequence of COVID-19 became available in January, we immediately used this, combined with our previous experience in developing a SARS coronavirus vaccine, to characterise the key viral attachment molecule called the Spike (S) protein, Petrovsky said.

The researchers used computer models of the S protein and its human receptor, angiotensin converting enzyme 2 (ACE2), to identify how the virus was infecting human cells. They were then able to design a vaccine to block this process.

Computer simulated model of COVID-19 spike protein binding to the human ACE2 receptor through which it gains entry into cells lining the human lung. Vaxines COVID-19 vaccine is designed to mimic the portion of the S protein attaching to ACE2, with the aim of inducing human antibodies that will bind to the COVID-19 S protein thereby blocking it from binding to ACE2 and getting inside human cells, preventing infection [credit: Flinders University].

The team has exploited the very latest technologies, including artificial intelligence (AI), advanced manufacturing and cloud computing to accelerate vaccine design, shaving years off normal development timeframes, said Flinders University Associate Professor Dimitar Sajkov.

We achieved great results with Vaxines swine flu vaccine developed during the 2009 swine flu pandemic, where we commenced clinical trials of a vaccine within three months of discovery of the virus. We hope to achieve similar results with their COVID-19 vaccine candidate when it is ready for human testing, said Sajkov.

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ETFMG and Wedbush Collaborate on Pure-Play Global Cloud Computing ETF: IVES – Business Wire

SUMMIT, N.J.--(BUSINESS WIRE)--ETFMG, leading thematic ETF issuer, in collaboration with Wedbush Securities, leading financial services and investment banking firm, launches the Wedbush ETFMG Global Cloud Technology ETF (NYSE Arca: IVES)*, answering investor demand for direct access to a pure-play cloud technology product. IVES, named for prominent Wedbush technology analyst and visionary of the ETF, Dan Ives, is designed for direct access to the cloud infrastructure and cloud enabler companies, expected to be major beneficiaries in the estimated $1T in enterprise cloud spending over the next decade.1 The Fund gives global exposure to companies at the forefront of the next wave of cloud technology.

The IVES ETF is a pure-play on the global cloud theme, maintaining small to mid-cap infrastructure players by focusing on vendors and companies driving the backbone of cloud computing, poised to capture a major portion of cloud spending. These foundational components of the cloud industry are expected to represent an estimated 60 to 70 percent of cloud spending over the next four years.1 The constituents will include infrastructure equipment, SaaS software, connectivity, data back-up and storage services, and data center management for enterprise-based software applications, as well as those engaged in enterprise cloud services. IVES is also geographically diverse, giving U.S. investors a way to play the global cloud theme over the coming years inclusive of exposure to the key Asian market players.

Dan Ives, Managing Director and Equity Research Analyst at Wedbush Securities, is a world renowned software and technology analyst with 20+ years experience educating on cloud computing, cyber security, big data and the mobile landscape. The IVES ETF leverages Dans globally recognized ability to analyze both the public and private sector of cloud computing, decipher companies direction in tech and software development along with his deep understanding of trends in consumer and enterprise cloud landscape.

Bringing this next generation cloud ETF to market collaboratively with the team at Wedbush and ETFMG is an initiative I am extremely excited about, with cloud computing poised to see a major acceleration of enterprise spending over the next decade, says Dan Ives. Our vision behind the ETF stems from an investor demand for direct, true global exposure to the cloud enabler companies I have been covering for decades. In the next two years alone, we anticipate over a 65% increase in workloads managed in the cloud, now there is a way for investors to capture that.

The IVES fund is the fifth product launched by ETFMG in its disruptive technology investment theme and the first in-market collaboration between the two privately owned firms, ETFMG and Wedbush Securities.

We are extremely proud to bring this unique thematic ETF to market alongside Wedbush and cloud technology expert, Dan Ives, says Sam Masucci, Founder and CEO of ETFMG. IVES answers a void in the investible cloud universe, giving investors exposure to the companies that are the foundation of the entire cloud ecosystem. This ETF is the first product of the powerhouse collaboration between our two firms, and together we look forward to continuing to drive whats next in global investing.

*Effective April 7, 2020, the Funds name (previously the ETFMG Drone Economy Strategy ETF, NYSE Arca: IFLY) has changed to the Wedbush ETFMG Global Cloud Technology ETF (NYSE Arca: IVES). The Funds underlying index has been changed to the Dan Ives Global Cloud Technology Prime Index, which is provided by Prime Indexes. Information on the index can be found at http://www.primeindexes.com.

For more information on IVES, visit http://www.etfmg.com/IVES.

About ETFMG

ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors portfolios. For more information, please visit http://www.etfmg.com.

About Wedbush Securities

Since our founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services; Headquartered in Los Angeles, California with 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.

For more information visit http://www.wedbush.com.

Carefully consider the Funds investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Funds summary or statutory prospectuses, available on http://www.etfmg.com. Please read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. Cloud Technology Companies may have limited product lines, markets, financial resources or personnel. These companies typically face intense competition and potentially rapid product obsolescence. In addition, many Cloud Technology Companies store sensitive consumer information and could be the target of cybersecurity attacks and other types of theft, which could have a negative impact on these companies. As a result, Cloud Technology Companies may be adversely impacted by government regulations, and may be subject to additional regulatory oversight with regard to privacy concerns and cybersecurity risk. These companies are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. Cloud computing companies could be negatively impacted by disruptions in service caused by hardware or software failure, or by interruptions or delays in service by third-party data center hosting facilities and maintenance providers. Cloud Technology Companies, especially smaller companies, tend to be more volatile than companies that do not rely heavily on technology. Companies in the technology field, including companies in the computers, telecommunications and electronics industries, face intense competition, which may have an adverse effect on profit margins.

The Fund is distributed by ETFMG Financial LLC, which is not affiliated with Wedbush Securities or Prime Indexes. Sam Masucci is a registered representative of ETFMG Financial LLC.

Sources:

1. Estimates based on research from the Wedbush Securities company report on March 29, 2020: COVID-19 Playbook for Tech Investors; Stick With Cloud Themes in the Dark Storm: https://wedbush.bluematrix.com/docs/html/14c67aff-fd92-4f96-9700-78561e37de97.html

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ETFMG and Wedbush Collaborate on Pure-Play Global Cloud Computing ETF: IVES - Business Wire

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