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To find the best grass, it makes sense to follow the fattest cows.

In terms of investment opportunities, tracking the big money can usually point investors in the right direction.

And in this case, Amazon is the fattest cow in the industry. In the past five years, Jeff Bezos and his executives have been pouring enormous amounts of capital into a brand-new, industry-changing field.

Its been a long road bringing this technology to market, and Amazon is far from the only player on the field. But with nearly unlimited resources and access to an elite talent pool, Amazon has a real shot at bringing its new hardware to full-scale commercialization.

But if quantum dominance is the companys goal, its engineers are going to have to solve the same problem as everyone else: error correction.

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Information is a fascinatingly complex concept in and of itself.

According to the legendary Rolf Landauer, one of the fathers of modern physics, information is a purely physical phenomenon. Every piece of information must be represented by some kind of tangible symbol.

Because of this principle, ancient Egyptian hieroglyphics actually have a lot in common with the data stored on your computer. Both are nothing more than symbols that represent meaning using physical space.

The Egyptians stored data using carvings in stone, while computers use billions of tiny 0s and 1s called bits. But the overall concept is strikingly similar.

Ancient carvings and conventional computers are both highly resistant to errors. When you save a picture or carve a picture of a buffalo into a cave wall, the information stays exactly where it is. Its very unlikely that after drawing your buffalo, it suddenly changes shape into a dog.

Unfortunately, this is exactly the problem that is holding back quantum computing.

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These incredibly powerful machines have an irritating tendency to make random mistakes while crunching numbers. Without a robust process to prevent quantum qubits from wantonly changing themselves, quantum computing is dead in the water.

But even though this new technology is completely different from conventional computing, the information is still stored through physical means. Mr. Landauer was right yet again.

With that in mind, the best way to solve a physical problem is with a physical solution.

The current gold standard in error correction is very similar to a quality-control process that can be found in any manufacturing facility across the globe just at a much, much smaller scale.

This complex process involves a sort of checks and balances system that identifies misflipped qubits, evaluates their position compared with the rest of the system, and then re-flips the erroneous portions accordingly.

All of this happens within the tiniest fraction of a second, but it allows the entire system to proceed without catastrophic failure. The concept is still in the theoretical stages, but quantum computing has a notoriously short lab-to-market pipeline.

Neither Amazon nor IBM nor the small-cap company weve been following can move forward until error correction is solved so I expect to see this protocol baked into whichever quantum machine hits the market first.

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For individual investors like us, Amazon claiming the top spot is bad news.

Sure, we could all pony up and buy shares of the company it wouldn't exactly be a bad investment. But at the scale Amazon operates, becoming the worlds quantum computing leader would have less effect on the companys share price.

Companies with a smaller market cap, fewer employees, and greater passion for this mind-blowing field are what we look for. In this case, the news could easily quadruple the companys value.

Luckily for us, Amazons massive size doesn't mean squat. Plenty of world-changing breakthroughs have been achieved by small, underfunded teams working in less than ideal conditions.

Weve narrowed down a few key players currently giving Amazon a run for its money. If you're serious about investing in this sector, avoid companies like IBM and Amazon like the plague.

Try reading into companies like these before you start throwing your money at blue chip stocks. Trust me, the payoff could be vastly greater than anything Amazon could ever hope to return.

To your wealth,

Luke SweeneyContributor, Energy and Capital

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Lukes technical know-how combined with an insatiable scientific curiosity has helped uncover some of our most promising leads in the tech sector. He has a knack for breaking down complicated scientific concepts into an easy-to-digest format, while still keeping a sharp focus on the core information. His role at Angel is simple: transform piles of obscure data into profitable investment leads. When following our recommendations, rest assured that a truly exhaustive amount of research goes on behind the scenes..

Originally posted here:
Amazon Is Seizing This New Industry by Force - Energy & Capital

Changes to ANZSCO should help the IT sector. Photo: Shutterstock

Australias IT industry has the chance to better target visa policies and industry development activities by using the updated official Australian Bureau of Statistics (ABS) skills list to ensure official skills classifications reflect contemporary technologies.

The overhaul of the Australian and New Zealand Standard Classification of Occupations (ANZSCO) a classification system for modelling the local job market that was last fully updated in 2013 comes nearly a year after a Parliamentary committee recommended that the system be replaced with an alternative that is more flexible to adapt to emerging labour market needs.

Given that ANZSCO is used to formulate visa policy for skilled migrants in specific industries, that review highlighted the challenges presented by overbroad skills classifications that didnt allow visas to be properly targeted.

In a time where the IT industry is crying out for skills related to important new technologies such as cloud computing, blockchain, cyber security, quantum computing, and more, the ICT industrys myriad job roles are still grouped into just a few categories.

These include Business and Systems Analysts, and Programmers (ANZSCO Group 261); Database and Systems Administrators, and ICT Security Specialists (262); ICT Network and Support Professionals (263); and ICT and Telecommunications Technicians (313).

Those old descriptors, which were created in a time where technologies like cloud computing and smartphones were in their infancy, only vaguely align with many of todays most in-demand subject areas which include emerging technologies like cloud architectures and mobile app development.

Failure to focus skills development efforts has left companies largely filling roles with a limited pool of contractors demanding ever-increasing salaries for ever harder-to-find skills.

That situation recently drove Department of Industry, Science, Energy and Resources (DISER) secretary David Fredericks to declare Australias ICT sector fundamentally a contractor-based industry that relies on that talent pool to deal with a wave of work that is coming through the grants process.

ANZSCO for the better

Ensuring that official skills lists reflect the current job market and industry requirements may be important for funding and industry development, but the ICT industrys rapid pace has made it a moving target for government instruments like ANZSCO and the Skilled Occupation List (SOL), which regularly run up to a decade behind industry practice.

Despite recognising in August 2018 that a review of the classification is desirable, the ABS put its ANZSCO overhaul on the back burner to focus its resources on the 2021 Australian Census.

Early last year, the ABS began exploring options for a phased approach to updating ANZSCO after announcing that it had necessary support and resourcing to explore new ways of classifying jobs in cyber security, agriculture, forestry, fisheries, and naval shipbuilding.

This dovetailed with work already being undertaken by ACS, which in mid-2020 revised its approach to classifying cyber security jobs so that applications for skilled migration visas could be properly assessed against cyber security-specific criteria.

It is also canvassing opinions about a new way of maintaining ANZSCO trialled over the past year that would eschew infrequent major updates for more regular, staged reviews of industry capabilities conducted with relevant industry bodies.

In November, the ABS released a partial, Australia-only update of ANZSCO that reflected the fruits of this approach, introducing changes in several areas including priority emerging occupations and new codes for cyber security specialisations that were previously lumped under one ANZSCO code (262112).

The updated ANZSCO now lists the likes of Cyber Security Engineer (261315), Devops Engineer (261316), Penetration Tester (261317), Cyber Governance Risk and Compliance Specialist (262114), Cyber Security Advice and Assessment Specialist (262115), Cyber Security Analyst (262116), and more allowing recruiters, migration specialists and others to better address the cyber security skills gap by offering visas for those specific roles.

That update represents the first incremental step of a larger program of work, the ABS said at the time and with the release of the first major data sets from the 2021 Census finally behind it, the organisation is now diving into the full ANZSCO overhaul.

In 2021, the ABS trialled a new, targeted approach to updating ANZSCO, ANZSCO Review director Chris Hinchcliffe said, noting that the ABS is now accepting submissions about the new approach and will be taking a similar approach to reclassifying construction-industry roles.

The ABS continues to develop the new approach to maintaining ANZSCO to reflect the contemporary labour market and better meet stakeholders needs, Hinchcliffe said. Feedback will determine a set of proposed changes [and] assist with planning future updates to ANZSCO.

Continue reading here:
ANZSCO update to help IT sector - ACS

Eric Holder is standing trial for the murder of Nipsey Hussle, and on Wednesday, prosecutors began to reveal terrifying details about the tragic incident.

According to TMZ, Deputy District Attorney John McKinney addressed the jury Wednesday, detailing Holders alleged actions following Nipseys death. McKinney alleged that after Eric gunned Nipsey down in the parking lot of his Marathon clothing store, he walked over to the rapper and kicked him in the head.

Holder allegedly addressed Nipsey saying, Youre through, and Nipsey responded with, You got me, before the gunman fled the scene.

Eric Holder was arrested and charged with murder, attempted murder and possession of a firearm by a felon in connection to the murder of Nipsey Hussle. He was indicted by a grand jury in December, and DA McKinney argued that Holder intentionally killed Hussle due to a prior dispute.

Grand jury transcripts indicate that Holder approached Hussle for a brief conversation in the Crenshaw parking lot moment before Eric Holder loaded a gun and, subsequently shot Nipsey multiple times.

Apparently the conversation had something to do with Mr. Asghedom telling Mr. Holder that word on the street was that Mr. Holder was snitching. The conversation wasnt particularly belligerent, and it lasted about four minutes.

Holder was initially being represented by Chris Darden, famously known for working the OJ Simpson trial, but he withdrew from the case alleging his family was receiving death threats. Eric Holder is now being represented by a public defender, who plans to argue that he is being overcharged.

Read more here:
Eric Holder Trial Reveals Gruesome Details About Nipsey Hussle's Passing

Former Attorney General Eric Holder warned on Monday that the United States is "slipping into" a "political apartheid system" because conservatives have greater influence than their numbers would suggest.

During an interview with Washington Post Live, Holder said he was concerned that gerrymandering allows politicians to pick their voters instead of voters making the choice.

"We are in danger of slipping into what I would call a political apartheid system, where a minority of the people in this country will have disproportionate amounts of power," Holders said, "and be able to put in place things that are not supported by the majority."

The former attorney general pointed to the expected loss of abortion rights as one example.

"The minority [of voters] will be represented by the majority that was put on the Supreme Court by two presidents who did not win the majority of the vote because of our Electoral College," Holder explained. "[Conservative justices] will have the ability to foist on the nation a policy with regards to reproductive rights that is not supported by the people of this country."

"A whole range of things where the American people are essentially together," he added. "And yet, we don't see our laws, our regulations, our policies reflected of what in a lot of places is consensus on the part of the American people."

The infamous apartheid policy of South Africa was used to give the country's white minority power over its non-white majority. The policy was denounced by countries around the world and was eventually overturned in the 1990s.

Watch the video below or at this link.

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Eric Holder warns of 'apartheid system' in US as conservative 'minority ...

The man on trial for the murder of rapper Nipsey Hussle was absent from court Tuesday after he suffered a beating in jail, a report said.

Eric Holder, 32, was attacked by two inmates after he was transported back to the facility after he left court around 4 p.m. on Monday, his public defender, Aaron Jansen, told Rolling Stone.

Jansen said Holder, who required medical treatment for his injuries, was cut to the back to his head with a razor.

His face is swollen and his eye is swollen, Jansen told the magazine.

Los Angeles County Superior Court Judge H. Clay Jack told jurors Tuesday the days session was canceled due to unforeseen circumstances, and asked them to return Wednesday unless they hear otherwise.

Defense attorney Aaron Jansen told the magazine outside of the courtroom that the delay was medical related, but was not due to COVID-19.

Its not clear exactly where the accused killer was attacked. Holder has been ordered to be kept separately from other inmates when hes being transported, Rolling Stone reported.

Holders murder trial began earlier this month, over three years after he allegedly gunned down Hussle whose real name is Ermias Joseph Asghedom outside of his Los Angeles clothing shop, The Marathon, in May 2019.

He allegedly walked up to Hussle, 33, while he was speaking to a group of men and opened fire with an automatic handgun, hitting him 11 times and injuring two other people. Video shows Holder kicking Hussles head while he was on the ground bleeding.

Jansen admitted in his opening remarks that his client did shoot Hussle, 33, but denied that it was premeditated.

This is a case of heat of passion, Jansen told jurors. Hussle, he said, made an accusation against Mr. Holder that he was a snitch.

Both men grew up in the same neighborhood and were affiliated with the same street gang the Rollin 60s Neighborhood Crips in South Los Angeles.

Ten minutes before the shooting, Hussle and Holder had a short conversation in which the rapper warned him of a rumor circulating that he had been cooperating with law enforcement and giving up names, Hussles close friend Herman Douglas testified.

Holder didnt seem upset when Hussle told him about his concerns, he said.

Holders former gal pal Bryannita Nicholson testified last week that she had driven Holder to a restaurant in the same shopping complex as Hussles store.

Nicholson said she heard Holder say to Hussle in a loud voice, Did you say I snitched, before walking away from the rapper and two other men. After Hussle and Holder talked, Holder got back in the car and asked Nicholson to drive around the block twice.

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After passing the store a second time, he began loading his gun inside the car, she said. He told her to park in an alleyway, took two bites of chili cheese fries and walked in the store.

Moments later Nicholson said she heard gunshots and debated fleeing but was worried that Holder was hurt. He got back in the car and yelled at her to drive away from the alley and saw him put two guns in a bag.

Nicholson, who was intimate with Holder but had only known him for a month, said she didnt realize Holder mightve been involved with the shooting until after he spent the night and saw news reports of Hussles death.

Holder faces the possibility of life in prison if convicted.

When court resumes, Holders defense is expected to call two witnesses to the stand and take less than a day before closing arguments, Rolling Stone reported.

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Eric Holder, man accused of murdering Nipsey Hussle, beat up in jail: report - New York Post