Mediaboss Marketing

By Yuval Boger

When companies recognize that quantum computing has the potential to dramatically transform their business, they often seek to hire quantum information science PhDs to staff their quantum activities. The thought is that such PhDs are quantum experts and are equipped with knowledge and experience that can help accelerate a companys quantum program. But would hiring many such PhDs be a realistic approach? What might be good alternatives?

One challenge with hiring quantum PhDs is that there are not enough of them. McKinseys June 22 Quantum Technology Monitor reports that there were 851 active quantum computing job postings in Dec 21, yet annually only 290 quantum technology graduates are available to fill these positions without requiring significant training. The same report notes that only 12 universities in the US (and a total of 29 universities worldwide) offer a quantum technology masters degree, so its unlikely that the number of graduates will increase as quickly as the need for their services.

But thats not the only concern. Companies build quantum teams to explore quantum solutions to their specific challenges option pricing, chemical simulation, supply chain optimization, etc. How quickly would these quantum graduates pick up the intricacies of the business? Even if such a graduate became well-versed in high-end finance, for example, they might not have the personal relationships and interpersonal skills to navigate company politics and build organizational support for their efforts. They also often lack relationships with peers in the industry and thus might be limited in their ability to leverage lessons learned in other organizations.

An alternative could be up-skilling, providing quantum training to in-house scientists and engineers that already understand the business and are well-connected in the organization as well as in their respective industries. Quantum computing is a hot topic and, in my experience, many would be highly motivated to participate in quantum training. Many online (sometimes free) courses are available for both beginners and advanced users. Additionally, the emergence of higher-level libraries and abstraction layers makes it easier to create useful quantum software without mastering the fine details of how quantum computers are built or resorting to intricate low-level coding. Often, quantum computing efforts sometimes grow from the bottom up, not by executive edict, and motivated employees just need permission to spend more time learning and exploring. Last, up-skilling promotes employee retention and job satisfaction.

Another option is to plug the skills gap using consulting companies. Firms like BCG or Deloitte can perform two types of functions. The first educating executives, identifying promising use cases, and providing industry benchmarks can be very useful to accelerate a companys quantum program. The second actually writing quantum computing code, whether by generalist companies or those specializing in quantum computing can be a mixed blessing. They might provide trained, able consultants, but organizations sometimes worry about IP-sharing arrangements or the ability to develop their workforce when relying on outside parties.

Last, an emerging option is quantum API marketplaces. Just like Google provides an API for finding the best route between two points, quantum API marketplaces provide pay per use quantum algorithms for optimization, random number generation, and more. They potentially allow faster exploration of use cases without the burden of coding sophisticated algorithms.

Im not recommending shying away from hiring quantum PhDs but rather exploring an intelligent mix of these alternatives. Quantum computing is too important to ignore. Dont slow down the progress by exclusively relying on outside talent.

Yuval Boger is a quantum computing executive. Known as the original Qubit Guy, he most recently served as Chief Marketing Officer for Classiq.

September 1, 2022

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Is Hiring Quantum PhDs the Answer? - Quantum Computing Report

Westford, USA, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Quantum computers touted as next big thing in computing. Major reliance on quantum computers could mean we're soon entering a new era of artificial intelligence, ubiquitous sensors, and more efficient drug discovery. While quantum computers are still in the earliest stages of development, growing interest in their capabilities means that they are likely to become a central part of future computing systems. This has created a growing demand for quantum computing market and software, with providers already reporting strong demand from major customers.

The promise of quantum computing is that it can solve complex problems much faster than traditional computers. This is because quantum computers are able to exploit the properties of subatomic particles such as photons, which are able to ferry information around extremely fast. So far, quantum computing market has been witnessing a demand coming mainly for scientific and research purposes.

However, this is set to change soon as there is growing demand for quantum computers market for various applications such as artificial intelligence (AI), machine learning and data analytics. Artificial intelligence (AI) is one application that could benefit greatly from the speed and accuracy of quantum computing. AI relies on algorithms that are trained on large data sets and are able to learn and improve upon their skills with repeated use. However, classical computer databases can take hours or even days to train an AI algorithm.

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Only 4 Countries are Responsible for 86% of Total Funding Since 2001

Quantum computing market is heating up. Companies like Google and IBM are racing to develop the technology, which could one day lead to massive improvements in artificial intelligence and other areas of cybersecurity. As per SkyQuests analysis, $1.9 billion public funding was announced in the second half of the year 2021, which, in turn, took the total global funding to $31 billion from year 2001. It was also observed that most of the private and public funding is coming from the US only, which account for around 49% of the private fundings, which is followed by UK (17%), Canada (14%), and China (6%).

In 2021, the global quantum computing market witnessed an investment of around $3 billion, out of which $1.9 billion came in the second of the year. All this investment is coming from both private and public domain to feast on the upcoming opportunity of generating around $41 billion revenue by the year 2040 at a CAGR of more than 30%. The market is projected to experience a significant surge in the demand for quantum sensing and Quantum communication in the years to come. As a result, investors have started pouring money to take advantage of rapidly expanding field. For instance, in 2021 alone, $1.1 billion out of $3 billion were invested in these two technologies. To be precise, $400 million and $700 million respectively.

SkyQuest has done deep study on public and private investment coming into global quantum computing market. This will help the market participants in understanding who are the major investors, what is their area of interest, what makes them to invest in the technology, investors profile analysis, investment pockets, among others.

IonQ, Rigetti, and D-Wave are Emerging Players in Global Quantum Computing Market

As quantum computing market becomes more mainstream, companies like IonQ, Rigetti and D-Wave are quickly proving they are the top emerging players in the field. IonQ is has been working on developing ionic quantum computer technology for several years now. IonQs flagship product is the IonQ One, which is a single-core quantum computer that can process quantum information.

The IonQ One has already been deployed at a number of institutions around the global quantum computing market including NASA.

Rigetti is another company that has been making significant strides in the development of quantum computing technology. Rigettis flagship product is the Rigetti Quilter, which is a scalable two-qubit quantum computer. The Rigetti Quilter is currently undergoing Phase II testing at NASAs Ames Research Center. D-Wave has also been making significant progress in the development of quantum computing technology. D-Waves flagship product is the D-Wave Two, which is a five-qubit quantum computer. The D-Wave Two was recently deployed at Google physicists to help accelerate the discovery of new phenomena in physics.

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Regetti has secured a total funding of around $298 million through 11 rounds until 2022 in the global quantum computing market. As per our analysis, the company has secured its last funding through post IPO equity. Wherein, Bessemer Venture Partners and Franklin Templeton Investments are the major investor in the company.

As per SkyQuests findings, these three organizations have collectively generated revenue of around $32 million in 2021 with market cap of more than $3 billion. However, at the same time, they are facing heavy loss. For instance, in 2021, they faced collective loss of over $150 million. Our observation also noticed that billions of dollars are poured into building the quantum computers, but most of the market players are not earning much in revenue in terms of ROI.

SkyQuest has published a report on global quantum computing market and have tracked all the current developments, market revenue, companys growth plans and strategies, their ROI, SWOT analysis, and value chain analysis. Apart from this, the provides insights about market dynamics, competitive landscape, market share analysis, opportunities, trends, among others.

Machine Learning Generated Revenue of Over $189 Million in 2021

Today, machine learning is heavily used for training artificial intelligence systems using data. Quantum computing market can help to speed up the process of training these systems by vastly increasing the amount of data that can be processed. This potential advantage of quantum computing is the ability to perform Fast Fourier Transform (FFT) calculations millions of times faster than classical computers. This is important for tasks like image processing and machine learning, which rely on fast FFT algorithms for comparing data sets.

A huge potential of quantum computing market has led to the development of several machine learning applications that use quantum computers. Some of these applications include fraud detection, drug discovery, and speech recognition. As per SkyQuest, fraud detection and drug discovery market were valued at around $25.1 billion and $75 billion, respectively. This represents a huge revenue opportunity for quantum computing market.

This technology has been used for a variety of purposes, including predicting the stock market and automating tasks such as decision making and recommendations. In machine learning, generating revenue is a major challenge through traditional processing. Wherein, traditional computer processing can only handle a small amount of data at a time. This limits how much data can be used in machine learning projects, which in turn limits the accuracy of the predictions made by the ANNs.

Quantum computing solves this problem by allowing computers to perform multiple calculations at the same time. This makes it possible to process vast amounts of data and make accurate predictions. As a result, quantum computing has already begun to revolutionize machine learning market.

SkyQuest has prepared a report on global quantum computing market. The report has segmented the market by application and done in-depth analysis of each application in revenue generation, market forecast, factors responsible for growth, and top players by applications, among others. The report would help to understand the potential of global market by application and understand how other players performing and generating revenue in each segment.

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Top Development in Global Quantum Computing Market

Top Players in Global Quantum Computing Market

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Quantum Computing Market to Expand by 500% by 2028 | 86% of Investments in Quantum Computing Comes from 4 countries - GlobeNewswire

Fujitsu and Japans Riken research institution will team to deliver Japan-made quantum computing starting next April, according to an article on the Nikkei Asia news site.The story states that Fujitsus quantum system is expected to have 64 qubits, more than the 53 qubits in Googles 2019 machine and second to IBMs 127 qubits developed in 2021, Nikkei reported, adding that Fujitsu hopes to deliver a machine with more than 1,000 qubits in 2026.

Last April, Fujitsu and Riken built a base in Saitama, Japan for joint quantum computing development, the Nikkei story stated, with approximately 20 researchers on site. The system is expected to be used for financial forecasting, new materials and medical workloads.

Fujitsu will now use technology and know-how from Riken to become the first Japanese company to build quantum computers, the story said. Like Google and IBM, Fujitsu will adopt a method of computing with a superconductive circuit that is cooled to extremely low temperatures to eliminate electrical resistance.

In other quantum, Chinese AI company Baidu announced last week its first superconducting quantum computer that fully integrates hardware, software, and applications, according to the company.

Baidu also introduced the worlds first all-platform quantum hardware-software integration solution that provides access to various quantum chips via mobile app, PC, and cloud, the company said.

Located at Baidus Quantum Computing Hardware Lab in Beijing, Qian Shi is Baidus first industry-level superconducting quantum computer. Baidu said the system incorporates its hardware platform with Baidus home-grown software stack.

Qian Shi offers high-fidelity 10 quantum bits (qubits) of power, the company said. In addition, Baidu has recently completed the design of a 36-qubit superconducting quantum chip with couplers, which demonstrates promising simulation results across key metrics.

Baidu also highlighted development of Liang Xi, which the company said is the first all-platform quantum hardware-software integration that offers quantum services through private deployment, cloud services, and hardware access. Liang Xi plugs into Qian Shi and other third-party quantum computers, including a 10-qubit superconducting quantum device and a trapped ion quantum device developed by the Chinese Academy of Sciences. Users can visit these quantum computational resources via mobile app, PC, and cloud, Baidu said.

With Qian Shi and Liang Xi, users can create quantum algorithms and use quantum computing power without developing their own quantum hardware, control systems, or programming languages, said Dr. Runyao Duan, Director of the Institute for Quantum Computing at Baidu Research. Baidus innovations make it possible to access quantum computing anytime and anywhere, even via smartphone. Baidus platform is also instantly compatible with a wide range of quantum chips, meaning plug-and-play access is now a reality.

See more here:
Fujitsu, Riken Partner to Deliver Quantum Computing in Japan Next Year - High-Performance Computing News Analysis | insideHPC - insideHPC

COLUMBUS The following article was originally published in the Ohio Capital Journal and published onNews5Cleveland.comunder a content-sharing agreement.

With food prices skyrocketing, many factors have been blamed.

They include disrupted exports of grain, fertilizer, and fuel because of Russian President Vladimir Putins invasion of Ukraine. They also include supply-chain disruptions brought on by the coronavirus pandemic.

In addition, the agricultural and food processing sectors have been plagued by the same labor shortages that have hit other parts of the economy.

Amid deep worries that Ohios foodbanks will run out of supplies this winter, a top official last week said that the labor shortage among food workers is particularly acute and an irrational fear of immigrants isnt helping.

Another thing were lacking is labor, said the official, Ohio Association of Foodbanks Executive Director Lisa Hamler-Fugitt. Wed rather demonize the people who plant our food, grow our food, pick our food, and bring our food to our grocery stores. Those are our migrant workers who do the work that most Americans have clearly demonstrated they cant or wont do.

However, a survey released Tuesday indicates that Americans across the political spectrum support immigration reform if that means lowering food costs.

If additional labor is to be added to the agricultural workforce, that means more immigrants.

For example, the U.S. Department of Agriculture reported that in 2016, undocumented immigrants made up 50.1% of the nations farmworkers. Another 22% was authorized, meaning that immigrants of all types made up almost three quarters of the farm workforce.

A similar portion of Americans 77% said yes when asked whether they wanted Republicans and Democrats working together this year on reforms that could help lower food prices by ensuring a legal, reliable workforce for Americas farmers and ranchers.

In addition, 70% supported Republicans and Democrats working together this year on improving legal immigration options that could address labor shortages and reduce pressures at the border, said the survey, conducted by the Bullfinch Group on behalf of the National Immigration Forum and Americans for Prosperity.

The online survey was conducted from Aug. 5-8 with 1,208 adults, of whom 83% of whom were registered voters. The margin of error was plus or minus 2.82 percentage points.

Perhaps not surprisingly, when asked if they supported lowering food prices by ensuring a stable, legal workforce, respondents levels of agreement were overwhelming and fairly uniform across political lines. Seventy-nine percent of Democrats, 68% of independents and 74% of Republicans agreed.

Maybe more surprising is that the dynamic didnt change much when immigration and the border were added to the mix. Sixty-seven percent of Republicans said yes, as did 68% of independents and 79% of Democrats.

This latest poll confirms what the American people have been consistently saying for years: Lawmakers need to put partisan politics aside and fix our countrys broken immigration system, Jorge Lima, senior vice president of policy for Americans for Prosperity, said in a statement accompanying the poll. They can start now by ensuring that our farmers have a reliable workforce to draw from in order to meet labor demands. We urge lawmakers to bring relief to the American people today.

Dan Gordon, vice president of strategic communications for the National Immigration Forum, said its time to stop using immigration and the border as partisan footballs.

All Americans will benefit when Democrats and Republicans reach solutions that address the border, agriculture and legal-immigration processes that honor the contributions of immigrants already here, he said.

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Poll: People across the spectrum support immigration rules to keep food coming - News 5 Cleveland WEWS

San Antonio Express-News

Texas Gov. Greg Abbotts decision to bus migrants to New York City and Washington, D.C., has amplified the desperate need for comprehensive immigration reform. Since April, Abbott has bused more than 7,200 migrants from Texas to President Joe Bidens backyard. Since Aug. 5, hes bused more than 1,500 migrants to New York City.

Immigration is a federal issue, but it is an acute challenge for border states. And we cant help but notice that Abbotts busing program has had an interesting side effect. It has prompted comments from Mayors Eric Adams and Muriel Bowser, of New York City and Washington, D.C., that give voice to the pressures border communities face.

We need help, and were reaching out to the federal government to tell them that we need help, Adams said just after the first bus arrival.

So, in a narrow sense, props to Abbott for prompting Adams and Bowser to articulate the concerns of border communities, which bear the brunt of a broken immigration system. And if this, in turn, leads to comprehensive immigration reform, then it would be a master stroke. But our concern is this is more about scoring political points than bringing attention to the issue of immigration with appropriate moral urgency. Consider what Abbott said in a statement this month about busing:

Because of President Bidens continued refusal to acknowledge the crisis caused by his open border policies, the State of Texas has had to take unprecedented action to keep our communities safe he said. In addition to Washington, D.C., New York City is the ideal destination for these migrants, who can receive the abundance of city services and housing that Mayor Eric Adams has boasted about within the sanctuary city. .

Immigration is a federal issue, but for border communities its local, and the pressure is intense. The flow of migrants in the Del Rio sector has been off the charts.

In a recent Editorial Board meeting, Homeland Security Secretary Alejandro Mayorkas told us smuggling organizations are far more sophisticated than they were in the past. And he said this is a unique moment in terms of immigration flow.

What we are seeing is something very, very different than what preceded over the last x number of years, he said. Because its not simply, or merely, migration from the Northern Triangle countries of El Salvador, Guatemala and Honduras. We are seeing a tremendous increase in Venezuelans, Nicaraguans, Cubans, Brazilians, Peruvians.

Given shifting global immigration patterns and federal political gridlock, just what is a border governor to do? No wonder Mark P. Jones, a political science professor at Rice University, told us busing immigrants to Washington and New York is smart politics on Abbotts part because his GOP base overwhelmingly supports his immigration efforts. And, of course, he has brought broader attention to the issue.

On one level, what Abbott has offered migrants, if you remove the obvious politics, is a pretty good deal. They receive a free bus ride to Washington or New York, where asylum is granted more often than in Texas and organizations are better resourced to provide aid. Its the kind of offer that might inspire more migrants to come here, an irony Abbotts supporters should ponder.

But while busing might be smart politics, we wonder what Abbotts end game is , or whether there is a moral driving force. In our interview, Mayorkas said the governors actions on the border, when done in coordination with DHS, can be beneficial. But when the state acts unilaterally, it can wreak havoc.

In this case, the busing doesnt wreak havoc, but, Mayorkas said, The unilateral busing of migrants, irrespective of the capacity of particular locales to address the needs of those individuals, also can prove problematic.

Were concerned about how it turns migrants into political props; plays states against each other; and presents immigrants strictly in terms of cost while ignoring the economic benefits they bring.

As the buses flow to New York City and Washington, D.C., and mayors in those cities echo the words of mayors along the border, as migrants cross in the Del Rio sector, lets all take stock of what words and actions truly lead to the comprehensive reforms so long overdue and desperately needed.

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Other voices: If only busing migrants would spur comprehensive reform - Longview News-Journal