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Dozens of pro-Trump rallies retreat to internet, insist it’s not due to poor attendance – Mashable

A man wearing a T-shirt bearing the name of President Donald Trump, right, argues with a counterprotester after being hit by a flying plastic bottle of water near a "Free Speech" rally staged by conservative activists, in Boston.

Image: AP/REX/Shutterstock

For an organization with an estimated 280,000 members, ACT for America's website feels a bit desperate.

"We are the NRA of national security," the site declares, a comparison that, of course, would not be necessary for an organization that felt it could stand on its own reputation.

The group had been trying to organize 67 pro-Trump (and anti-Muslim) rallies across the United States on Sept. 9, but they've exchanged that plan for a day of internet raging, claiming that they are too concerned for the safety of their attendees to carry out the plan.

"ACT [American Congress for Truth] for America is deeply saddened that in todays divisive climate, citizens cannot peacefully express their opinion without risk of physical harm from terror groups domestic and international," the group wrote in a statement to Breitbart. "In recent weeks, extremist and radical organizations in the United States and abroad have overrun peaceful events in order to advance their own agendas, and in many cases, violence has been the result. Given the security issues of organizing public events, the responsible decision is to deny this opportunity to Neo-Nazis, Antifa, the KKK, and ISIS inspired individuals and groups."

ACT for America, according to the Southern Poverty Law Center, is "far and away the largest grassroots anti-Muslim group in America." It's a group in which "national security" is a euphemism for "anti-Islam." The group pushes unnecessary anti-Sharia legislation, has tried to block Syrian refugees from resettling in the United States, and its founder has said that any practicing Muslim cannot be a "loyal citizen of the United States." As you can tell from statement given to Breitbart, the group isn't above equating anti-fascist activists with ISIS and the KKK. The statement is reminiscent President Donald Trump, who condemned "violence on many sides" of an Aug. 12 neo-Nazi riot in Charlottesville, Virginia, during which a neo-Nazi allegedly killed a woman named Heather Heyer.

ACT says it's canceling for safety reasons, following the well-worn hate group tradition of proclaiming to be the Real Victims. But, as Gizmodo pointed out, it's unclear whether anyone was really going to attend to begin with

"The left organizes a march to D.C. and they show up in the tens of thousands," ACT founder Brigitte Gabriel says in the opening video on the site. "We need to act with the same passion and the same commitment."

Rousing, but evidently not that effective. A quick glance at Facebook pages for the planned rallies shows a range of 2-11 people who said they planned on going. The rally in Washington, D.C., had only three planned attendees and 10 "interested," which, if you know anything about how Facebook numbers translate to physical numbers, should tell you that the organizers would have been lucky if one guy shows up with his kid halfway through their mission to find a hot dog stand.

ACT says it will release more details about their planned internet activities at some point in the near future. When asked whether ACT called off the rallies because attendance was expected to be poor, David White, the group's communications director, wrote in an email that "attendance was not a factor in the decision."

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A Very Dumb Mistake Costs Cryptocurrency Investors Big Time – WIRED

The digital financial services developer Enigma prides itself on ultra-secure products. The company's Catalyst platform protects financial info with a cutting-edge combination of blockchain-inspired privacy technology and cryptography. So it comes as no small surprise that on Monday, scammers took over the company's website, mailing lists, and Slack accounts by exploiting some extremely basic security mistakes Enigma had made. The blunders also facilitated a scam that ultimately cost Enigma supporters almost $500,000.

Enigma has planned an Initial Coin Offering for September 11an unregulated cryptocurrency fund-raising campaign that startups use when they want to raise capital for their company without going through the process of working with an established financial institution or venture capital fund. (The SEC has promised to clamp down on these ICOs, but so far is in the exploratory phase.)

With the ICO in mind, scammers compromised official Enigma channels to create a sense of legitimacy and urgency. The plot proved easy to pull off. At least one of the passwords protecting the Enigma accounts, which included a Slack account with administrative privileges, had previously leaked, and reports indicate that the accounts weren't protected by two-factor authentication.

The hackers began defacing the company's main site and Slack accounts, and pushed a special "pre-sale" ahead of the ICO, directing money toward their own cryptocurrency wallet. They also went rogue on the company's mailing lists. Many users realized that the push was a scam, but the hustle did tempt some interested backers into sending 1,492 coins in the cryptocurrency Ethereum, which converts to almost $495,000.

Enigma said in a statement on Monday that its community fund-raiser, also called a crowd sale, was always set definitively for September 11, and emphasized that its secure servers had not been hacked. But a spokesperson confirmed that the scammers compromised account passwords using various methods. And in response to the incident, the company says it is adding strong, random passwords and two-factor authentication for each account, plus implementing robust password changing and better system compartmentalization. "Weve moved up a number of critical security steps and taken additional measures to protect the community going forward," says Tor Bair, Enigma's head of marketing and growth. "Were now very well aware of the potential threats and are taking no chances."

Though honest mistakes can happen at any growing organization, the Enigma community grappled with the implications of the incident on Monday, wondering how a specialized cryptography company could only now be realizing the need for stringent account hygiene. "This will go down in crypto history as one of the stupidest moments ever. We need a meme," one Reddit user wrote. Some Redditors even claimed that they used the breached credential repository Have I Been Pwned to determine that the Enigma accounts scammers accessed reused a previously exposed account password from CEO Guy Zyskind. But Zyskind told WIRED that none of the breached Enigma accounts relied on reused passwords.

While the Enigma team worked to restore secure Slack service, the community's discussion moved to secure messaging app Telegram. "No word on honoring those who were scammed b/c of y'all negligence and poor security? Speaks volumes," a user called Jay wrote in the open chatroom. Many users indicated support for Enigma, though, and seemed satisfied with the company's remediation efforts.

"Hacking accounts that do not have dual-factor authentication enabled and other best in class security measures is a trivial hack for most dedicated attackers," says Chris Pierson, the general counsel and chief security officer of the payment platform Viewpost. "To the public it looks as if the company has been hacked, and provides a significant amount of negative press about the companys security and privacy responsibilities."

Enigma said on Monday evening that it is working to mitigate the damage. We're actively investigating the scam attempt and the parties involved with multiple partners, including vigilant members of our community, other companies in our space, and exchanges, Bair says.

Since they are unregulated by the governmentfor now, anywayICOs have perks that make them appealing to cryptocurrency companies, but by their nature they are also less predictable than standard fund-raising avenues. In mid July, scammers stole roughly $7 million from supporters during the ICO of the cryptocurrency management platform CoinDash. A few days later, hackers stole $32 million in Ethereum (though much of it was later recovered) by exploiting a vulnerability in a crypto product called Parity Wallet.

"The news of the attack is certainly not surprising," says Eric Klonowski, a senior advanced threat research analyst at the internet security firm Webroot. "Investors were ready to part with their money at a moments notice, and the attacker was prepared to capitalize.... That said, recent core cryptocurrency heists are all a result of third-party vulnerabilities and their handling of investments, and not in the cryptography or implementation itself."

With the September 11 ICO still rapidly approaching, at least Enigma has some time to get its first-line security right.

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Another Free Data Backup Option Bites The Dust – Fortune

Code42, the company that offers CrashPlan data backup, is shuttering its consumer-focused service to focus exclusively on business customers.

No more home backup customers will be taken on after Aug. 22, the company said on Tuesday. Current subscribers will continue to get storage through October 22, 2018, at which point their service will end.

Savvy computer users know they should backup their work files online, not to mention their baby pictures and pet videos. The point is to have an alternative place to store digital data so that it is accessible if, say, a PC hard drive crashes.

Code42, BackBlaze, Carbonite, and other companies all offer such services. Most offer a free limited versions to attract customers plus paid-but-inexpensive unlimited versions.

For example, you may be able to store up to 10 megabytes of your Word files and music videos for free. But once you hit that ceiling, you have to move to a paid service that might cost $50 or $60 annually.

Related: Bye, Bye Bitcasa

Alas, many of these backup providers, including Code42, a 16-year-old company that raised more than $137 million in funding, have found that free or nearly free data backup and storage services do not make for a great business. Some companies find ways around it by claiming to handle an unlimited amount of data, but, in reality, limit the size of files users can upload. Or they don't handle video.

Related: Red-Faced Microsoft tries to Make Amends for Free Storage Snafu

But back to CrashPlan: According to a Code 42 blog announcing the news, current home users can move their digital files to a small business version of the product that costs $10 monthly per device. Or they can move to Carbonite, which Code42 has dubbed its "exclusive referral partner." Backblaze, which has made a name for itself with inexpensive unlimited data backup, is another option that some techies may favor.

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There is precedent here. Mozy, now part of Dell Technologies, ended its unlimited backup plan six years ago. Subsequently, several file storage and collaboration software startups including SugarSync ended their free consumer plans, pushing customers to paid versions.

Two years ago business software giant Microsoft (msft) eliminated a free version of its cloud storage. And in June Amazon (amzn) got in on the action, cutting its $60 annual unlimited storage service as well as its unlimited photo storage for Amazon Drive.

Unsurprisingly, the outcome is always the same: Users don't like the idea of footing the bill for something that they once used free.

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Apollo Cloud 2 Duo offers personal cloud storage with no monthly fees – Techaeris

With the number of photosand videos we take on our phones and the number of important documents we may have on our systems, backup storage is a necessity these days. Sure there are options like Dropbox, Google Drive, Amazon Drive, and more, but not everyone wants to store or share their files on a public service, or pay monthly fees.

Promise Technology has just announced a personal cloud storage device, the Apollo Cloud 2 Duo, which offers up to 8TB of storage for a safe, simple, and fast storage solution.

In launching our second-generation product, we designed the Apollo Cloud Duo with careful consideration and our consumers needs in mind, said Justin Cleveland, Promise Technologys Director of Biz Dev IoT. Aligning with our main goal to redesign storage and sharing, the Duo is easy to use and ensures content is always with the consumer whether they are at home or on-the-go.

Simple to set up, Apollo Cloud has a two-step setup process for backing up your files, photos, and videos. If you wish, you can quickly and securelyshare your storage space with up to 40 people. Each person with access can share their files with others through time-limited links accessible anywhere in the world. The device can also be set up in RAID0 (striped) for 8TB of storage space or RAID1 (mirrored) mode for 4TB of storage space with mirrored backup and supports hot swappable hard drives.

Some additional key features of the Apollo Cloud 2 Duo personal cloud storage device include:

Apollo Cloud 2 Duo is available starting on August 31st atwww.promise.comfor a one time fee of $449 USD andis compatible withiOS, MacOS, Android, and Windows.

What do you think about the Apollo Cloud 2 Duo? What are you currently using to backup and share your files? Let us know in the comments below or on Google+, Twitter, or Facebook.

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pCloud first cloud storage provider to offer lifetime plan – PRUnderground (press release)

What is pCloud?

pCloud is a personal cloud space where files and folders can be stored. It has a user-friendly interface that clearly shows where everything is located and what it does. The software is available for almost any devices and platforms iOS and Android devices, Mac, Windows, and Linux. By installing pCloud on the computer (through its desktop application pCloud Drive), the app creates a secure virtual drive which expands local storage space. Every change made in a pCloud account can be seen immediately on all other devices computer, phone or tablet. All devices are instantly synchronized and have direct file access to any update. And if thats not enough, pCloud offers a new, industry-first LIFETIME PLAN so everyone will have unlimited, secure storage space forever.

How is pCloud unique from other cloud storage services?

The main difference that pCloud does not take space on the computer. pCloud Drive acts as a virtual hard disk drive, which allows users to access and work with content in the cloud, without using any local space.

What is significant about the lifetime plan?

The introduction of the Lifetime plan is something that no other company in the cloud storage market has done before. It gives users the chance to invest in a secure storage solution and eliminate the risk of losing their files to external drives, which have an average lifespan of around 5 years.

External hard-drives are in imperfect solution as they cost hundreds of dollars and have a 20% chance of breaking down in the first year, not to mention the risk of being stolen. The cost of recovering information on an external hard drive is extremely high, and can often exceed $1,000.

Over a long period, the cost of other cloud storage services is exorbitant and prohibitive.How much does pCloud lifetime storage cost?With pCloud, there are no monthly or yearly payments. For one payment users get storage for a lifetime.

About pCloud

pCloud was launched just over 3 years ago and has grown into a community of more than 7 million users from around the world. Today, the service is among the top five players in the global cloud storage market. In 2015 the company received a round A series of investments amounting to $3 million for the expansion of the service in the international scene.pCloud has over 1.4 billion uploaded files and over eight PetaBytes of maintained information.

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What is quantum computer? – Definition from WhatIs.com

A quantum computer is a machine, as-yet hypothetical, that performs calculations based on the behavior of particles at the sub-atomic level. Such a computer will be, if it is ever developed, capable of executing far more millions of instructions per second (MIPS) than any previous computer. Such an exponential advance in processing capability would be due to the fact that the data units in a quantum computer, unlike those in a binary computer, can exist in more than one state at a time. In a sense, the machine "thinks" several "thoughts" simultaneously, each "thought" being independent of the others even though they all arise from the same set of particles.

Engineers have coined the term qubit (pronounced KYEW-bit) to denote the fundamental data unit in a quantum computer. A qubit is essentially a bit (binary digit) that can take on several, or many, values simultaneously. The theory behind this is as bizarre as the theory of quantum mechanics, in which individual particles appear to exist in multiple locations. One way to think of how a qubit can exist in multiple states is to imagine it as having two or more aspects or dimensions, each of which can be high (logic 1) or low (logic 0). Thus if a qubit has two aspects, it can have four simultaneous, independent states (00, 01, 10, and 11); if it has three aspects, there are eight possible states, binary 000 through 111, and so on.

Quantum computers might prove especially useful in the following applications:

The main difficulty that the research-and-development engineers have encountered is the fact that it is extremely difficult to get particles to behave in the proper way for a significant length of time. The slightest disturbance will cause the machine to cease working in quantum fashion and revert to "single-thought" mode like a conventional computer. Stray electromagnetic fields, physical movement, or a tiny electrical discharge can disrupt the process.

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What is quantum computer? - Definition from WhatIs.com

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Hype and cash are muddying public understanding of quantum computing – The Conversation AU

Its no surprise that quantum computing has become a media obsession. A functional and useful quantum computer would represent one of the centurys most profound technical achievements.

For researchers like me, the excitement is welcome, but some claims appearing in popular outlets can be baffling.

A recent infusion of cash and attention from the tech giants has woken the interest of analysts, who are now eager to proclaim a breakthrough moment in the development of this extraordinary technology.

Quantum computing is described as just around the corner, simply awaiting the engineering prowess and entrepreneurial spirit of the tech sector to realise its full potential.

Whats the truth? Are we really just a few years away from having quantum computers that can break all online security systems? Now that the technology giants are engaged, do we sit back and wait for them to deliver? Is it now all just engineering?

Quantum computers are machines that use the rules of quantum physics in other words, the physics of very small things to encode and process information in new ways.

They exploit the unusual physics we find on these tiny scales, physics that defies our daily experience, in order to solve problems that are exceptionally challenging for classical computers. Dont just think of quantum computers as faster versions of todays computers think of them as computers that function in a totally new way. The two are as different as an abacus and a PC.

They can (in principle) solve hard, high-impact questions in fields such as codebreaking, search, chemistry and physics.

Read More: Quantum computers could crack existing codes but create others much harder to break

Chief among these is factoring: finding the two prime numbers, divisible only by one and themselves, which when multiplied together reach a target number. For instance, the prime factors of 15 are 3 and 5.

As simple as it looks, when the number to be factored becomes large, say 1,000 digits long, the problem is effectively impossible for a classical computer. The fact that this problem is so hard for any conventional computer is how we secure most internet communications, such as through public-key encryption.

Some quantum computers are known to perform factoring exponentially faster than any classical supercomputer. But competing with a supercomputer will still require a pretty sizeable quantum computer.

Quantum computing began as a unique discipline in the late 1990s when the US government, aware of the newly discovered potential of these machines for codebreaking, began investing in university research

The field drew together teams from all over the world, including Australia, where we now have two Centres of Excellence in quantum technology (the author is part of of the Centre of Excellence for Engineered Quantum Systems).

But the academic focus is now shifting, in part, to industry.

IBM has long had a basic research program in the field. It was recently joined by Google, who invested in a University of California team, and Microsoft, which has partnered with academics globally, including the University of Sydney.

Seemingly smelling blood in the water, Silicon Valley venture capitalists also recently began investing in new startups working to build quantum computers.

The media has mistakenly seen the entry of commercial players as the genesis of recent technological acceleration, rather than a response to these advances.

So now we find a variety of competing claims about the state of the art in the field, where the field is going, and who will get to the end goal a large-scale quantum computer first.

Conventional computer microprocessors can have more than one billion fundamental logic elements, known as transistors. In quantum systems, the fundamental quantum logic units are known as qubits, and for now, they mostly number in the range of a dozen.

Such devices are exceptionally exciting to researchers and represent huge progress, but they are little more than toys from a practical perspective. They are not near whats required for factoring or any other application theyre too small and suffer too many errors, despite what the frantic headlines may promise.

For instance, its not even easy to answer the question of which system has the best qubits right now.

Consider the two dominant technologies. Teams using trapped ions have qubits that are resistant to errors, but relatively slow. Teams using superconducting qubits (including IBM and Google) have relatively error-prone qubits that are much faster, and may be easier to replicate in the near term.

Which is better? Theres no straightforward answer. A quantum computer with many qubits that suffer from lots of errors is not necessarily more useful than a very small machine with very stable qubits.

Because quantum computers can also take different forms (general purpose versus tailored to one application), we cant even reach agreement on which system currently has the greatest set of capabilities.

Similarly, theres now seemingly endless competition over simplified metrics such as the number of qubits. Five, 16, soon 49! The question of whether a quantum computer is useful is defined by much more than this.

Theres been a media focus lately on achieving quantum supremacy. This is the point where a quantum computer outperforms its best classical counterpart, and reaching this would absolutely mark an important conceptual advance in quantum computing.

But dont confuse quantum supremacy with utility.

Some quantum computer researchers are seeking to devise slightly arcane problems that might allow quantum supremacy to be reached with, say, 50-100 qubits numbers reachable within the next several years.

Achieving quantum supremacy does not mean either that those machines will be useful, or that the path to large-scale machines will become clear.

Moreover, we still need to figure out how to deal with errors. Classical computers rarely suffer hardware faults the blue screen of death generally comes from software bugs, rather than hardware failures. The likelihood of hardware failure is usually less than something like one in a billion-quadrillion, or 10-24 in scientific notation.

The best quantum computer hardware, on the other hand, typically achieves only about one in 10,000, or 10-4. Thats 20 orders of magnitude worse.

Were seeing a slow creep up in the number of qubits in the most advanced systems, and clever scientists are thinking about problems that might be usefully addressed with small quantum computers containing just a few hundred qubits.

But we still face many fundamental questions about how to build, operate or even validate the performance of the large-scale systems we sometimes hear are just around the corner.

Read More: Compute this: the quantum future is crystal clear

As an example, if we built a fully error-corrected quantum computer at the scale of the millions of qubits required for useful factoring, as far as we can tell, it would represent a totally new state of matter. Thats pretty fundamental.

At this stage, theres no clear path to the millions of error-corrected qubits we believe are required to build a useful factoring machine. Current global efforts (in which this author is a participant) are seeking to build just one error-corrected qubit to be delivered about five years from now.

At the end of the day, none of the teams mentioned above are likely to build a useful quantum computer in 2017 or 2018. But that shouldnt cause concern when there are so many exciting questions to answer along the way.

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Finns chill out quantum computers with qubit refrigerator to cut out errors – ZDNet

This one centimeter-sized silicon chip can help to cool down quantum bits.

Quantum computing is a revolutionary technology, but the obstacles to creating viable quantum computers remain significant.

Chipping away at the task is a team of Finnish researchers, who have found a way to cool down quantum bits, or qubits, using a quantum-circuit refrigerator.

"To my understanding, no one else has done a standalone component that can refrigerate a quantum system," Mikko Mttnen, quantum physicist and research team leader at Aalto University, tells ZDNet.

The significance of this development comes down to the fickle nature of qubits. Unlike in traditional computing, where electronic bits are set to a value of zero or one, qubits can simultaneously hold values of zero, one, or both. Consequently, they can carry out more computations in parallel and solve complex big-data problems much faster than today's systems.

But qubits are very sensitive to external perturbations and need to be well isolated, and that isolation can in turn cause them to heat up and result in calculation errors.

Furthermore, every qubit needs to be reset to its low-temperature ground state at the beginning of a computation. If qubits get too hot, they keep switching between different states.

This is where the cooling mechanism of the Finnish research team comes in. Their system works by tunneling single electrons through a 2nm-thick insulator.

By giving the electrons slightly less energy than that required for tunneling, they instead capture the missing energy from the nearby quantum device, which in turn loses energy and cools down.

This approach means most electrical quantum devices, including computers, could be initialised quickly and made more reliable.

So far, the system has been tested by postdoctoral researcher Kuan Yan Tan with qubit-like superconducting resonators, with the results published in scientific journal Nature Communications.

"In the experiments we did with the resonator, the temperature of the resonator we achieved was too high for quantum computer operations. So we have to show we can cool down to even lower temperatures," Mttnen explains.

In addition to this goal, the next steps for the team will be to test the system with actual quantum bits and make its on-off switch faster.

Mttnen estimates that viable practical applications could be possible in a few years' time, but says it is too early to speculate when these applications could turn into commercial products.

Mttnen's team is only one of the many companies and research organisations working on quantum computing, including tech giants Google, IBM and Microsoft. Despite all these efforts, Mttnen remains cautious when pressed about when the world will finally see the first commercial quantum computer.

"It's almost impossible at this stage to say when. But what I can say is it's more likely we will get there at some point than that we don't," Mttnen says.

US Energy Department lab bolsters quantum computing resources

Researchers at the Oak Ridge National Laboratory are getting cloud access to a D-Wave 2000Q system, allowing them to explore hybrid computing architectures.

Microsoft deepens University of Sydney quantum research partnership

Microsoft has beefed up its efforts to commercialise quantum computing, giving the university funding for new equipment, staff, and talent, as researchers delve deeper into the underlying technology.

Accenture, 1QBit partner for drug discovery through quantum computing

Accenture and quantum computing startup 1QBit have partnered with pharmaceutical giant Biogen to develop a quantum-enabled molecular comparison application for drug discovery.

IBM aims to commercialize quantum computing, launches API, SDK and sees Q systems in next few years

IBM put some more meat on its roadmap and plans to commercialize quantum computing for enterprises. For now, developers will get APIs and a software developer kit to play with qubits.

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Finns chill out quantum computers with qubit refrigerator to cut out errors - ZDNet

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UNSW joins with government and business to keep quantum computing technology in Australia – The Australian Financial Review

Governments, business and universities have joined forces to keep UNSW's world leading quantum computing technology in Australia, launching a new $83 million company which aims to produce a working prototype computer within five years.

The company, Silicon Quantum Computing Pty Ltd, will have a key goal of retaining IP in Australia and boosting new industries based around quantum computing and other quantum spin-offs.

Establishing the company has been a long-term goal of UNSW physics professor Michelle Simmons who leads the university's research and development in the race to build the world's first practical quantum computer.

Professor Simmons said she approached the federal government to urge public investment in quantum computing because of the many approaches she was getting from large multinationals and overseas venture capital for access to the discoveries her team had made.

Pick us off

"We had lots of different groupings come to us saying they would work with our research teams, but they would have got all the benefits," she said.

"Everything we did would have gone to them. People were trying to pick us off.

"Personally I just felt complete responsibility for just not dropping the ball, making sure that this great thing that we had was not just siphoned off for free."

Professor Simmons said it was an "eye-opener" for her that not only the IT industry was beating a path to her door, but companies from "across the board" illustrating her belief that quantum computing will have a revolutionary impact in many industries including finance, resource extraction, health, pharmaceuticals, logistics and data.

Quantum computers are expected to solve some types of problems millions of times faster than conventional computers.

The new company will hold the quantum computing related patents from the Centre of Excellence for Quantum Computation and Communication Technology, led by Professor Simmons, which also includes researchers from the University of Melbourne and other universities.

Its aim will be to ensure that the full range of industries developed from quantum computing including hardware, software, and big quantum server farms are developed in Australia.

Silicon Quantum Computing's chair, lawyer Stephen Menzies, said the company would not offer exclusive rights on its technology but would only offer licences for specific purposes for a limited time.

"Too much Australian research innovation is lost [overseas]," he said.

Mr Menzies said it was a commercial venture, and its shareholders the federal and NSW governments, Telstra, the Commonwealth Bank of Australia and UNSW would profit from the increasing value of the company's patents.

The company's $83 million capital comes from UNSW ($25 million), the federal government ($25 million), the Commonwealth Bank ($14 million), Telstra ($10 million) plus a new investment of $8.7 million from the NSW government the first to be made from its $26 million quantum computing fund announced last month.

It will fund a major expansion of the quantum computing research effort at UNSW. Up to 40 new staff will be hired including 25 researchers and 12 PhD students, and new equipment to speed the development of a 10 qubit prototype computer by 2022.

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Microsoft No Longer a PC Company with Deals Like Halliburton, Says Credit Suisse – Barron’s

Shares of Microsoft (MSFT) are up 88 cents, or 1.2%, at $73.03, after the company this morning announced a deal with oil and gas giant Halliburton(HAL), in which Microsofts Azure cloud computing service will host the latters iEnergy service for exploration and production.

In response, Credit Suisses Michael Nemeroffreiterates an Outperform ratting on Microsoft shares, writing that the company is moving away from its legacy tools and cyclical PC business."

Among details of the collaboration, Microsoft said it will "allow the companies to apply voice and image recognition, video processing and AR/Virtual Reality to create a digital representation of a physical asset using Microsofts HoloLens and Surface devices, after gathering data fromsensors placed on infrastructure.

Additionally, the companies will utilize digital representation for oil wells and pumps at the IoT edge using the Landmark Field Appliance and Azure Stack, said Microsoft.

Under a headline Not your fathers Microsoft anymore, Nemeroff writes that deals like this one arehelping to diversify Microsoft:

While the economics of this deal were not disclosed, we view these types of announcements and this one in particular, as a prime example of how MSFT is purposely steering its long-term corporate strategy away from its legacy tools and cyclical PC business, and towards the next generation of software technology that will foster incremental productivity gains to create wider competitive advantages for its early adopter customers, which we expect to become technology standards over time. Unlike many of the other cloud platforms that primarily offer commodity-like cloud hosting, Azures IOT edge, machine learning and augmented reality capabilities, bundled together, distinguish Microsoft by offering numerous high-level products and services within its Azure platform that truly enable digital transformations beyond simply exporting data workloads to the cloud, and is the reason why we remain quite bullish on MSFTs cloud strategy which seems to be gaining momentum (Credit Suisse Survey Suggests Inflection Point for Azure).

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Microsoft No Longer a PC Company with Deals Like Halliburton, Says Credit Suisse - Barron's

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