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Category: finance – Page 103

Harvard-MIT Quantum Computing Breakthrough – “We Are Entering a Completely New Part of the Quantum World”

Team develops simulator with 256 qubits, largest of its kind ever created.

A team of physicists from the Harvard-MIT Center for Ultracold Atoms and other universities has developed a special type of quantum computer known as a programmable quantum simulator capable of operating with 256 quantum bits, or “qubits.”

The system marks a major step toward building large-scale quantum machines that could be used to shed light on a host of complex quantum processes and eventually help bring about real-world breakthroughs in material science, communication technologies, finance, and many other fields, overcoming research hurdles that are beyond the capabilities of even the fastest supercomputers today. Qubits are the fundamental building blocks on which quantum computers run and the source of their massive processing power.

Team develops quantum simulator with 256 qubits, largest of its kind ever created

A team of physicists from the Harvard-MIT Center for Ultracold Atoms and other universities has developed a special type of quantum computer known as a programmable quantum simulator capable of operating with 256 quantum bits, or “qubits.”

The system marks a major step toward building large-scale quantum machines that could be used to shed light on a host of complex quantum processes and eventually help bring about real-world breakthroughs in , , finance, and many other fields, overcoming research hurdles that are beyond the capabilities of even the fastest supercomputers today. Qubits are the fundamental building blocks on which quantum computers run and the source of their massive processing power.

“This moves the field into a new domain where no one has ever been to thus far,” said Mikhail Lukin, the George Vasmer Leverett Professor of Physics, co-director of the Harvard Quantum Initiative, and one of the senior authors of the study published today in the journal Nature. “We are entering a completely new part of the quantum world.”

Billionaire bitcoin investor Tim Draper: 1 question he always asks before investing—and why he sometimes gets ‘3 hours of sleep’

“I’m at [email protected],” he tells CNBC Make It. He gives it out to everyone because he likes helping people and it keeps him on top of his game.

“I end up learning things that I never imagined I’d want to know,” Draper says.

Draper is a legend in the world of venture capital. Since the mid-1980s, he has built a fortune making early investments in companies like Hotmail, Skype, Baidu, Tesla and SpaceX.

‘Oddball’ Malware Blocks Access to Pirated Software

Rather than steal credentials or hold data for ransom, a recent campaign observed by Sophos prevents people from visiting sites that offer illegal downloads.

The objective of most malware is some kind of gain — financial or otherwise — for the attackers who use it. However, researchers recently observed a unique malware with a single intent: Blocking the infected computers from visiting websites dedicated to software piracy.

The malware (which SophosLabs principal researcher Andrew Brandt called “one of the strangest cases I’ve seen in a while”) works by modifying the HOSTS file on the infected system, in a “a crude but effective method to prevent a computer from being able to reach a web address,” he wrote in a report published Thursday.

General Fusion to build its Fusion Demonstration Plant in the UK, at the UKAEA Culham Campus

## GENERAL FUSION (VANCOUVER) • JUN 16, 2021.

# General Fusion to build its Fusion Demonstration Plant in the UK, at the UKAEA Culham Campus.

*Unlike conventional nuclear power, which involves fission or splitting atoms, the emerging fusion technology promises clean energy where the only emission would be helium, and importantly, no radioactive waste.*

New partnership between General Fusion and UKAEA is a landmark collaboration in the development of fusion, a technology for the world’s low-carbon future.

VANCOUVER, Canada and LONDON, United Kingdom (17th June 2021 BST): The UK Atomic Energy Authority (UKAEA) and General Fusion have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus. General Fusion will enter into a long-term lease with UKAEA following construction of a new facility at Culham to host the FDP. The FDP will demonstrate General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, paving the way for the company’s subsequent commercial pilot plant. General Fusion will benefit from the cluster of fusion supply chain activities in the UK, centered on UKAEA’s globally recognized expertise and presence in the field.

Amanda Solloway, Science Minister for UK Government said: “This new plant by General Fusion is a huge boost for our plans to develop a fusion industry in the UK, and I’m thrilled that Culham will be home to such a cutting-edge and potentially transformative project. Fusion energy has great potential as a source of limitless, low-carbon energy, and today’s announcement is a clear vote of confidence in the region and the UK’s status as a global science superpower.”

The Fusion Demonstration Plant at Culham is the culmination of more than a decade of advances in General Fusion’s technology, and represents a major milestone on the company’s path to commercialization. The Fusion Demonstration Plant will verify that General Fusion’s MTF technology can create fusion conditions in a practical and cost-effective manner at power plant relevant scales, as well as refine the economics of fusion energy production, leading to the subsequent design of a commercial fusion pilot plant. Construction is anticipated to begin in 2022, with operations beginning approximately three years later.

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South African brothers disappear with $3.6B in bitcoin in alleged heist

Two brothers in South Africa have disappeared along with $3.6 billion worth of bitcoin that was housed on their cryptocurrency investment platform, according to a Cape Town law firm hired by investors to investigate the alleged heist.

The law firm, Hanekom Attorneys, said it has reported the incident to the Hawks, an elite unit of South Africa’s national police force. Hanekom has also reported the matter to South African financial regulators and crypto exchanges around the world.

The brothers, Ameer and Raees Cajee, set up their crypto investment service, Africrypt, in 2019.

Best practices for IT teams to prevent ransomware attacks

Putting IT security practices in place will enable organizations to prevent ransomware attacks and help IT teams combat security challenges.

According to Check Point research, the number of organizations affected by ransomware has been growing at 9% monthly since the start of the year. From WannaCry, Petya, and SamSam to Ryuk, these ransomware attacks have caused huge financial and reputation losses for both public and private sector organizations – the recent attacks on Colonial Pipeline are just the latest example.

Organizations are in a tight spot to prevent these cyberattacks and safeguard what they have built over the years. While IT teams are already battling the challenges of securing remote endpoints in the changing work sphere, the rise in cyberattacks has added additional responsibilities on their shoulders.

Ex-Im Bank finances SpaceX launch deal

The Export-Import Bank of the U.S. has arranged financing for the SpaceX launch of a Hispasat satellite, the first space deal it has done in six years.

WASHINGTON — The Export-Import Bank of the United States has arranged financing for the SpaceX launch of a Hispasat satellite, the first space deal the bank has done in six years.

Ex-Im announced June 21 that it approved $80.7 million in financing for a Falcon 9 launch of a Hispasat satellite, Amazonas Nexus, as well as launch and initial in-orbit insurance. The bank said the financing will be in the form of either a direct loan or a loan guarantee.

The Spanish operator announced in early 2020 it ordered Amazonas Nexus from Thales Alenia Space. The 4500-kilogram satellite will replace Amazonas-2 at 61 degrees west in geostationary orbit. At the time of the contract announcement, Hispasat said it expected to launch the satellite in the second half of 2022. Bpifrance, France’s export credit agency, is financing the construction of the satellite.

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