Archive for the ‘Quantum Computing’ Category

India and Australia pump $12.7 million into AI, quantum computing and robotics renewing their cyber and crit – Business Insider India

Maybe the next time can have hologram of your excellency, here in Australia You have always been a pioneer in the area of technology for India, and today is another good example of that, Australian Prime Minister Scott Morrison told Indias Prime Minister Narendra Modi during the virtual summit interaction.

The new four-year agreement includes a corpus of $12.7 million to fund research and development for Indian and Australian businesses and researchers that will help both countries improve their cyber resilience.

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She explained that the cyber and critical technology partnership ties into the countries' endeavour to create a cyber-resilient Indo-Pacific region that is open, free and rules-based.

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The two countries also plan on exploring the possibility of launching the Indian RuPay Card in Australia.

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India and Australia pump $12.7 million into AI, quantum computing and robotics renewing their cyber and crit - Business Insider India

QCI Achieves Best-in-Class Performance with its Mukai Quantum-Ready Application Platform – Quantaneo, the Quantum Computing Source

These performance benefits eliminate one of the greatest obstacles to the development and adoption of quantum-ready applications, since up until now they have been slower than traditional methods running classically. The results show that Mukai provides better results than currently used software to solve complex optimization problems faced by nearly every major company and government agency worldwide.

While future quantum computers are expected to deliver even greater performance benefits, Mukai delivers today the best-known quality of results, time-to-solution, and diversity of solutions in a commercially available service. This superior capability enables business and government organizations to become quantum-ready today and realize immediate benefits from improved performance.

Optimization problems can occur in logistics routing, where timely delivery, reduced fuel consumption, and driver safety all come into play. Optimization solutions can significantly mitigate the impact to revenue or business operations posed by events such as flooding or power outages. Companies can leverage the robust and diverse solutions offered by Mukai to minimize disruptive high-impact events in real-time.

Optimization can also be achieved in R&D contexts like drug design, where better predicted protein folding can speed the design process, increase the efficacy of drugs, and guide the search for patient cohorts who might benefit. Optimization of business processes generated by solvers like Mukai can result in savings of hundreds of billions of dollars annually.

The technical study used MITs MQlib, a well-established combinatorial optimization benchmark, to compare QCI qbsolv performance with those of a variety of solvers. QCI qbsolv delivered better quality or energy of results for most problems (27 of 45) and often ran more than four times faster than the best MQlib solver (21 of 45 problems).

In terms of diversity of resultsfinding, for example, logistics routes that are quite different from each otherQCI qbsolv often found dozens of binary results that were different in more than 350 different positions (i.e., route segments). Known also to researchers as Hamming distance, diversity of results is another important advantage expected of quantum computing.

The paper, QCI Qbsolv Delivers Strong Classical Performance for Quantum-Ready Formulation, describes the full results and discusses their impact, and is available at arxiv.org/abs/2005.11294

These results demonstrate that Mukai-powered applications can exploit quantum computing concepts to solve real-world problems effectively using classical computers, noted QCI CTO, Mike Booth. More importantly, the quality, speed, and diversity of solutions offered by Mukai means government and corporate organizations can use Mukai to adopt quantum-ready approaches today without sacrificing performance. Mukai is also hardware-agnostic, enabling adopters to exploit whichever hardware delivers the quantum advantage. Were confident that leading companies can leverage Mukai today to achieve a competitive advantage.

To be sure, we are very early in the quantum computing and software era, continued Booth. Just as the vectorizing compilers for Crays processors improved radically over time, we are planning to introduce further performance improvements to Mukai over the coming months. Some of these advancements will benefit application performance using classical computers as well as hybrid quantum-classical scenarios, but all will be essential to delivering the quantum advantage. We expect Mukai to play an integral role in the quantum computing landscape by enabling organizations to tap into quantum-inspired insights today to better answer their high-value problems.

The Mukai software execution platform for quantum computers enables users and application developers to solve complex discrete constrained-optimization problems that are at the heart of some of the most difficult computing challenges in industry, government and academia. This includes, for example, scheduling technicians, parts and tools for aircraft engine repair, or designing proteins for coronavirus vaccines and therapies.

QCI recently announced version 1.1 of Mukai, which introduced higher performance and greater ease-of-use for subject-matter experts who develop quantum-ready applications and need superior performance today. Local software connects users to the Mukai cloud service for solving extremely complex optimization problems. It enables developers to create and execute quantum-ready applications on classical computers today that are ready to run on the quantum computers of tomorrow when these systems achieve performance superiority.

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QCI Achieves Best-in-Class Performance with its Mukai Quantum-Ready Application Platform - Quantaneo, the Quantum Computing Source

Riverlane and Astex form quantum chemistry alliance – Business Weekly

Quantum computing software specialist Riverlane is collaborating with Cambridge neighbour and world-leading fragment-based drug discovery company Astex to demonstrate the future potential of quantum chemistry.

Riverlane builds ground-breaking software to unleash the power of quantum computers. Chemistry is a key application in which quantum computing can be of significant value, as high-level quantum chemistry calculations can be solved far faster than using classical methods.

World leaders in drug discovery and development, Astex Pharmaceuticals apply innovative solutions to treat cancer and diseases of the central nervous system.

The two companies are combining their expertise in quantum computing software and quantum chemistry applications to speed up drug development and move us closer to quantum advantage.

As part of the collaboration, Astex is funding a post-doctoral research scientist at Riverlane. They will apply very high levels of quantum theory to study the properties of covalent drugs, in which protein function is blocked by the formation of a specific chemical bond.

So far in this field of research, only empirical methods and relatively low levels of quantum theory have been applied. Riverlane will provide access to specialised quantum software to enable simulations of the target drug-protein complexes.

Dave Plant, Principal Research Scientist at Riverlane, said: This collaboration will produce newly enhanced quantum chemical calculations to drive efficiencies in the drug discovery process. It will hopefully lead to the next generation of quantum inspired pharmaceutical products.

Chris Murray, SVP of Discovery Technology at Astex added: "We are excited about the prospect of exploring quantum computing in drug discovery applications.

It offers the opportunity to deliver much more accurate calculations of the energetics associated with the interaction of drugs with biological molecules, leading to potential improvements in drug discovery productivity.

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Spain’s CaixaBank Teams With IBM Services to Accelerate Cloud Transformation and Innovation in the Financial Services – AiThority

Red Hat OpenShift and AI engaged to help the bank to roll out new digital offerings delivering enhanced customer experiences

CaixaBank, a leading financial institution inSpainandPortugal, serving more than 15.5 million customers, has announced an agreement with IBM Servicesto help accelerate its hybrid cloud journey and continue their work to increase the banks capability to develop innovative, digital-first solutions to enhance client experiences.

CaixaBank will leverage IBM Cloud Pak for Applications running on Red Hat OpenShift to manage workloads and applications across its overall cloud infrastructure. The bank also agreed to continue to work with IBM in their joint innovation center to apply advanced technologies like AI, and additionally explore quantum computing and blockchain solutions. The companies will continue to seek to co-create new solutions for the banking industry with a goal to help quickly process a large number of transactions in an open, secure and scalable environment while delivering improved customer experiences.

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With a key focus on technological innovation for the industry, CaixaBank isSpainsleading digital financial services provider, serving more than 6.5 million digital clients. CaixaBank is also one of the pioneering banks in the application of artificial intelligence for financial services, developing one of the first virtual banking assistants created inEurope. Built with IBM Watson, the AI-based virtual assistant manages more than 1.5 million client conversations each month, handling a spectrum of tasks such as helping bank employees quickly obtain relevant detailed information about new client offerings and quickly assisting mobile customers via chat with day-to-day queries. This approach frees up employee time to focus on serving customers.

IBM has been a strategic technology provider for CaixaBank since 2011. Along with renewing their existing relationship, the recent agreements are also focused on accelerating innovation and digital transformation, while also strengthening the longtime collaboration between IBM and the bank, chaired byJordi Gualand CEOGonzalo Gortzar.

Our company, the leader in digital customers inSpain, has renewed our relationship with IBM to allow us to continue innovating and transforming the way we interact with our customers, said Gonzalo Gortzar, CaixaBanks CEO. By strengthening and expanding the collaboration with a company that is a global model in innovation for the finance industry, we will accelerate, even further, our digital capabilities to continue developing innovative projects and services.

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IBM is bringing its deep financial services industry experience to help generate long term value to CaixaBank and its clients. By leveraging IBM Cloud Pak for Applications, CaixaBank can modernize and create applications with increased agility and security while addressing compliance requirements within a hybrid cloud environment.

We are pleased to be on this digital transformation journey with CaixaBank, an innovation leader in the banking industry, said Juan Zufiria, Senior Vice President, Global Technology Services. With this collaboration, we are laying the foundation to build a model, not just for CaixaBank and its millions of customers, but also for the future of the industry. The open cloud environment can allow the bank to accelerate its innovation and offer a more agile way to bring new digital services to its customers with added flexibility and security.

The IBM Cloud Pak for Applicationssolution is designed to help reduce risk and improve operational resiliency with an estimated processing power and data storage capability of 105,000 terabytes, a capacity equal to 200 times the volume of a digital library with all the books listed in the world in all languages.

Researchers at the CaixaBank-IBM innovation center have previously been exploring technologies for the future of financial services and the recent agreement expands to include with blockchain and quantum computing. Recently, CaixaBank developed a prototype of a machine learning algorithm based on quantum computing to analyze customers based on credit risk.

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Spain's CaixaBank Teams With IBM Services to Accelerate Cloud Transformation and Innovation in the Financial Services - AiThority

Why your website may be packed with malware – TechHQ

Earlier this year, White House officials announced plans to increase federal funding for the research and development of AI and quantum computing.

The proposed budget of US$4.8 trillion is set to help the nation advance in these emerging technologies, and ultimately, strengthen national security with the integration of AI and quantum computing into the cyber realm.

That declaration of war spoke the scale of the cyberthreat problem today, and its one that has continued to gather pace amid the pandemic.

The hike has led both Interpol and Europol to release a report underlining the rise of pandemic-themed social engineering attacks and the increased exploitation of teleworking vulnerabilities.

Despite stringent lockdown measures being lifted, the number of cyberattacks shows little sign of dropping.

Sitelock, a global cybersecurity and protection firm, has revealed that sites face up to 94 attacks per day. This is an increase of 52% from last year.

The figure is based on an analysis of more than 7 million websites, with the firm aiming to gain more insights into the cyberthreat landscape. The report enables businesses to better understand the invisible threats that their companies are up against.

Joining TechHQ in an interview, Logan Kipp, Director at SiteLock shared insights on the current cyberthreat landscape, going in-depth with the kinds of pandemic-induced cybercrimes that are on the rise and suggestions SMEs can follow to defend their digital sites.

When asked about the surge in web-based attacks, Kipp explained, a dramatic increase in attacks in the last year is that resources, such as powerful web servers, have grown increasingly accessible to the public.

Reduced cost in operations and solutions that require less technical skills to operate means that there are more web environments than ever before, making a green field of opportunity for adversaries.

With an ever-expanding web environment, Sitelock estimates that nearly 12.8 million sites are infected with malware worldwide thats about one out of every 100 sites.

Approximately nine out of ten of these infected sites are still not blacklisted by search engines, with users unknowingly clicking on them.

Search engines are only capable of scanning websites externally for malware, which at times is not enough to reveal symptoms of being compromised malware is increasingly intelligent and adept in disguise. It can be made to present itself as inactive to avoid detection.

Kipp added, Search engines will also often err on the side of caution when blacklisting websites to avoid reporting errors that could potentially cause business disruption.

Malware infiltrating or embedded in a system can remain hidden until real damage is done and the consequences visible, leading to mass monetary and productivity losses.

Sitelocks report also listed top cyberthreats that were commonly found in infected sites, among those most prevalent were backdoor (65%), filehacker threats (48%), and malicious eval request (22%).

Backdoor cyberthreats remain a popular approach for cybercriminals to gain administrative access to a targeted system. Kipp elaborated that backdoors are frequently left by attackers as a foothold after successfully breaching a website. The most common variations of backdoors can also be found readily available on the regular internet and dark web.

A subgroup of backdoor, filehacker threats aim to propagate malware throughout a websites hosting environment. Kipp added that file hackers focuses on modifying existing files or deploying brand new malware files. Another form of attack includes creating thousands of spam files on the server through a simple PHP upload script. In the end, file hackers are capable of modifying or injecting code into existing files on a website as well.

Malicious eval requests are then used to inject or run malicious code. Kipp elaborated that cybercriminals use this to unpack or decode other malicious software efficiently, often in a single line of code allowing an adversary to remotely execute arbitrary code on a breached site.

Since this type of malware is more lightweight than other backdoor types, it can easily go unnoticed by the naked eye because of their minimalist approach.

Recognizing the various modus operandi of malware threats, it is essential for businesses to not only be aware of these emerging cyberattacks but also translate insights into actionable plans.

Kipp shared with TechHQ some of the best cybersecurity practices SMEs can follow to strengthen their cybersecurity systems and empower their workforce amid a rise in pandemic-induced cyberthreats.

It begins with training and educating employees with fundamental cybersecurity best practices such as spotting phishing emails to utilizing two-factor authentication (2FA) along with a strong password.

By ensuring employees are taking all the necessary steps internally to protect themselves can go a long way, especially at a time where remote working is enforced. Kipp added, businesses can take a step further by establishing a standard operating procedure, or SOP, on how documents should be handled and how potential vulnerabilities should be reported when working remotely.

Besides that, SMEs can consider utilizing a virtual private network (VPN) as it protects data by encryption. In other words, sensitive data such as SSNs, passwords, and credit card numbers are transmitted securely across shared or public networks.

Even so, Kipp emphasized that SMEs should stay vigilant and careful when sharing data, such as inputting customer information into an online form or sending an email containing sensitive data.

Kipp noted, By being careful with sensitive information, businesses can limit the risk for catastrophic data leaks if they fall victim to a hack or breach.

Alongside employing these best cybersecurity practices, businesses should adopt a more proactive mindset when in face of cyberthreats.

Kipp explained SMEs should be routinely scanning their websites for malware and vulnerabilities. By being proactive with their cybersecurity hygiene, organizations can help to ensure that their customers and their data remain safe and secure.

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Why your website may be packed with malware - TechHQ