Honeywell’s quantum-computing business could be worth $20 billion
Wolfe Research analyst sees Quantinuum getting a similar valuation boost as IonQ, which has seen its stock price jump 225% this year Honeywell International Inc.’s quantum-computing business Quantinuum stands out as a bright spot in the potential breakup of the industrial conglomerate, an analyst said Tuesday. HON-2.69%focused on its vast aerospace unit in its announcement Monday that it may break itself up after pressure from $5 billion-stakeholder Elliott Management, the company also houses Quantinuum, which bills itself as the world’s largest integrated quantum company. Corporate Partners The Chicago Quantum Exchange partners with industry colleagues to accelerate progress in the field of quantum information. Corporate partners collaborate with CQE scientists and expand career opportunities for the next generation of quantum-ready scientists and engineers. Together, they advance technology that can change the world. The CQE works with each corporate partner to develop individually tailored engagements that fulfill scientific, educational, and industry needs. Engaging with Quantum Experts Corporate partners join a strong community of scientists and trainees that are at the forefront of quantum communication, computing, and sensing. Corporate partners and CQE members co-develop joint workshops, participate in seminars and the annual Chicago Quantum Summit, and engage in discussions that lead to collaborative science and engineering research. Training Future Quantum Scientists and Engineers Partners connect with CQE students and trainees, providing them with a deeper understanding of and connections to quantum research and employment opportunities outside of academic and national lab settings. Examples include a partnership with IBM for postdoctoral researchers to work closely…
Chicago Wants to Build the Silicon Valley of Quantum Computing
IBM and partners including the University of Chicago and the University of Illinois Urbana-Champaign will build the first ever national algorithm center for quantum computing in the city’s South Side, the company said in a statement on Thursday. The state will provide a $25 million grant that will help purchase equipment for the IBM project. The announcement comes five months after PsiQuantum Corp. said it would invest more than $1 billion to become the anchor tenant at Pritzker’s quantum campus. The billionaire governor, who has been trying to turn Illinois into a hub for new technologies, set aside $500 million for quantum as part of the budget passed earlier this year. “This is first of its kind for us,” Jay Gambetta, IBM vice president of quantum, said in an interview. “What made us choose Chicago is honestly the talent in computer scientists — you have so many computer scientists that graduate from the schools here, as well as applied mathematicians and physicists. And then you’ve also got many industries that are potential early adopters of quantum computing.” Quantum computers — which rely on “qubits” and can store data in multiple forms: ones, zeros, both, or something in between — are exponentially more powerful than their binary counterparts. Companies including IBM are trying to crack the technology, but skeptics have cast doubt over whether it will ever replace classical computers. The initial investment will be “in the tens of millions” and maybe reach the “low hundreds” in the next two years,…
Insurance company denies covering medication for condition that ‘could kill’ med student, she says
Malik JacksonUpdated: Dec 13, 2024 / 10:11 AM CST KANSAS CITY, Mo. (WDAF) — Blue Cross and Blue Shield of Kansas City denied coverage of a medicine that a Missouri woman says could save her life, leaving her with a monthly bill of over $8,000. “I was at risk for spontaneous internal bleeding that could kill me,” Kaitlyn Sy said. Sy, a University of Kansas medical student, said she’s fighting back just weeks after a near-death experience. She’s been forced to pause her medical studies while waiting for this medicine to be approved, compromising her already weak immune system. Sy conducted her interview with Nexstar’s WDAF over Zoom, unable to do it in person because of her condition. Sy has dreamed of becoming a doctor since middle school, “whether that be bringing hope and healing to fellow humans, intellectual stimulating work of diagnosing and treating diseases, being involved in medical research.”Luigi Mangione was reported missing 2 weeks before CEO slain: police But three years ago, doctors diagnosed her with an autoimmune disease that mistakenly attacks the platelets in her blood cells. When she bleeds, there’s nothing to clot those cells. Sy says that could cause life-threatening bleeding. For years, no treatment worked well for her. Just weeks ago, that scenario happened: Sy was forced to go to the ER to treat internal bleeding. Her hematologist had one more option, a pill called Promacta that could stabilize this issue. Things changed when Sy got to the pharmacy. “The pharmacy tech — her…
Chicago mayor boots public from rowdy city meeting as residents object to migrant ‘invasion’
While Johnson’s 2025 budget narrowly passed on Monday, it was only after the mayor ordered a temporary recess to allow police to clear residents from the hall to allow council members to vote. It took six weeks of debate for Johnson to secure the 26 votes necessary to pass the budget plan, with the opposition succeeding in removing a proposed $300 million property tax. The plan also adopts a $40 million short-term loan that allows the city to delay paying off its debt, a major point of criticism for many of the protesters. “You caused all this money to go to illegal immigrants,” one resident told Johnson during the public comment period. “Anything that you all pass is not genuine.” Another resident accused Johnson of failing to “protect the people of Chicago from invasion.” “He wants to pull a $40 million line of credit and put the city in even more debt,” another resident said. “It’s your fault, because you gave half of the money to illegals.” STUART VARNEY: THE ‘SANCTUARY MOVEMENT’ IS ON ITS LAST LEGS Johnson also faced criticism over hiring too many staffers and paying them too much. Chicago reporter William Kelly told Fox News that Johnson has enlisted more than 100 staffers and each of them has a six-figure salary. He also argued many of the positions appear frivolous. Read More At FOX News! Watch the latest video at foxnews.com
Congress to Vote on New Restrictions on China Investment
Congress is set to vote in the coming days on legislation restricting U.S. investments in China as part of a bill to fund government operations through mid-March, lawmakers said late on Tuesday. In October, the Treasury finalized rules effective Jan. 2 that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The bill expands on those restrictions and also includes other provisions aimed at concerns about China, including a requirement to study national security risks posed by Chinese-made consumer routers and modems. Read More At Newsmax!
Iran’s Nuclear Program Alarms World Powers: No ‘Civilian Justification’
The United Kingdom, France, and Germany on Tuesday called on Iran to “reverse its nuclear escalation,” claiming that there is no “credible civilian justification” for the amount of highly enriched uranium it is stockpiling, AFP reported. According to the International Atomic Energy Agency (IAEA), Tehran has already become the only non-nuclear state to have uranium enriched to 60%, just a short step from military-grade level. In a joint statement ahead of a U.N. Security Council meeting, the three countries warned that “Iran’s stockpile of High Enriched Uranium has … reached unprecedented levels, again without any credible civilian justification. It gives Iran the capability to rapidly produce sufficient fissile material for multiple nuclear weapons.” The trio added: “Iran has ramped up its installation of advanced centrifuges, which is yet another damaging step in Iran’s efforts to undermine the nuclear deal that they claim to support.” London, Paris, and Berlin on Dec. 6 informed the Security Council of their willingness to reimpose “snap back” sanctions on Iran over its illicit nuclear program. “Iran must de-escalate its nuclear program to create the political environment conducive to meaningful progress and a negotiated solution,” the U.N. ambassadors of the so-called E3 countries wrote in letter to the Security Council. “We reiterate our determination to use all diplomatic tools to prevent Iran from acquiring a nuclear weapon, including using snap back if necessary,” they added. The threat comes after IAEA head Rafael Grossi confirmed that Tehran has in recent weeks sharply increased its uranium enrichment. “Today,…
GOP Rift Opens Over Social Security Bill!
Senate Republicans argued behind closed doors over a proposed bill that would increase Social Security benefits for people who are eligible for non-Social Security government pensions, with some party members wanting to stop the measure because of its cost. “I think most of our members were alarmed that something so big” would have come to the Senate floor, an unidentified Republican senator told The Hill, adding that the lawmakers had held an “intense discussion.” Senate conservatives led by Sen. Rand Paul, R-Ky., are calling for Social Security reforms, including raising the retirement age, as a way to repeal policies reducing public-sector workers’ Social Security benefits. The House passed its bipartisan bill, the Social Security Fairness Act, by a vote of 327-75 earlier this month. The Senate version of the bill is expected to come up for a vote Wednesday. The Senate bill has 14 GOP co-sponsors, but Paul and other Republicans are arguing that it will speed up Social Security bankruptcy. The legislation is sponsored by Sens. Bill Cassidy, R-La., and Susan Collins, R-Maine, and if passed will repeal the 1983 Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) enacted in 1977, which allows public-sector workers to receive full Social Security benefits. WEP reduces Social Security benefits for workers getting pensions for employment not covered by Social Security and GPO reduces benefits for spouses, widows, and widowers of people who get government pensions. Read More Here at Newsmax!
Elon Predicts One Million Humans Will Be Augmented By Neuralink By 2030
Tech investor Apoorv Agrawal has described Neuralink as the “most important company of the decade.” The bold claim on X has sparked widespread attention, but it was Elon Musk’s repost that elevated the conversation to a new level: “Bit rate and patient number will increase hyperexponentially over the next 5+ years. My guess is combined I/O bit rate > 1Mbs and augmented humans >1M by 2030.” This statement is a vision for a future where the boundary between humans and machines dissolves at a scale that could redefine humanity itself. Are education systems ready for what’s coming and how might they need to adapt? The Promise of Neuralink Neuralink’s work in 2024 has already reshaped what we think is possible. The company moved its technology out of the lab and into the real world, successfully implanting its N1 device in human patients. For people with severe disabilities, this implant represents independence. By translating neural signals into digital commands, the N1 enables users to interact with computers and other devices using only their thoughts. Thanks to the N1, Neuralink’s first patient, Noland Arbaugh, can now use his computer, play video games, and connect with friends, all without physical movement. Using a Star Wars reference, he likened using the Neuralink to using the force on a cursor. The second participant is designing intricate 3D objects using CAD software through thought alone. These stories are inspiring, but they’re only the beginning. Neuralink’s technology is poised to augment human potential. Musk’s comments emphasize the potential of Neuralink in breathtaking terms. A…