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- Chicago News , Science And Physics , Tech News , Uncategorized , World News
- December 19, 2024
- 115 views
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 News , Science And Physics , Tech News , Uncategorized , World News
- December 19, 2024
- 120 views
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,…
- Chicago News , LAW & ORDER , Medical News , Uncategorized , Washington Politics , World News
- December 19, 2024
- 168 views
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!
