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Category: economics

State of the art in fault-tolerant quantum computing

This report reviews the construction and potential use of FTQC (Fault Tolerant Quantum Computing) computers to reliably perform complex calculations by overcoming the problems posed by the errors and noise inherent in quantum systems.

After recalling the reality of the quantum advantage and its needs, the report describes the use of error-correcting codes in the design of FTQCi computers. It then reports on the progress of the five most advanced physical technologies in the world for building such computers and the obstacles they will have to face in order to achieve the transition to scale necessary for the execution of useful applications. Finally, it discusses the technical and economic environment for quantum computers, how their performance can be compared and evaluated, and their future coexistence with other computing technologies (3D silicon, AI) or with supercomputers.

SOSV bets plasma will change everything from semiconductors to spacecraft

It sees so much potential that it plans on investing in more than 25 plasma-related startups over the next five years. It is also opening a new Hax lab space in partnership with the New Jersey Economic Development Authority and the U.S. Department of Energy’s Princeton Plasma Physics Laboratory.

Nuclear fusion is an obvious place to seed plasma startups. The potential power source works by compressing fuel until it turns into a dense plasma, so dense that atoms begin fusing, releasing energy in the process.

“There’s so much here. The best ideas have yet to come to unlock a lot of potential in the fusion space,” Duncan Turner, general partner at SOSV, told TechCrunch.

A high-tech park is being built in Killeen

The establishment of a new business park in Killeen is underway.

Wolf Technology Park is set to inhabit 94-acres of real estate located on Texas Highway 195 in south Killeen.

“Wolf Technology Park is a cornerstone of our strategy to attract next-generation employers to Killeen,” Tyler Robert, vice president of the Killeen Economic Development Corporation, said. “With infrastructure investments already in place and sites ready for development, the park is well-positioned to support advanced manufacturing, federal services, health and life sciences, research and development, cybersecurity and semiconductor-related industries.”

Sepsis criteria and kidney function: eliminating sex, age and economic status biases

In this Perspective article, the authors argue that current criteria for sepsis in adults and children fail to adequately consider one of the most common sepsis-related organ dysfunctions, acute kidney injury, which has important implications for diagnosis and patient outcomes.

OpenAI CEO Sam Altman warns of an AI ‘fraud crisis’

OpenAI CEO Sam Altman says the world may be on the precipice of a “fraud crisis” because of how artificial intelligence could enable bad actors to impersonate other people.

“A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else — you say a challenge phrase, and they just do it,” Altman said. “That is a crazy thing to still be doing… AI has fully defeated most of the ways that people authenticate currently, other than passwords.”

The comments were part of his wide-ranging interview about the economic and societal impacts of AI at the Federal Reserve on Tuesday. He also told the audience, which included, representatives of large US financial institutions, about the role he expects AI to play in the economy.

Pacific Northwest tech pioneers team up in quantum realms and on the space frontier

BELLEVUE, Wash. — Quantum physics and outer space may seem as different as two tech frontiers can be, but the challenges facing Pacific Northwest ventures that are aiming to make their fortune on those frontiers are surprisingly similar.

Amid the current turbulence on the national political scene, it’s getting harder to capture the attention — and gain the support — of the federal government, which has historically been the leading funder of research and development. And that means it’s more important than ever for researchers, industry leaders and local officials to join forces.

“Think of it as a triad,” said Jason Yager, executive director of the Montana Photonics and Quantum Alliance, which is one of the beneficiaries of a $41 million Tech Hub grant awarded by the federal government a year ago. “If all of these pieces are working together, then where they meet is socio-economic growth, and then you’re ready to bring in the additional funding to launch that.”

Evaluating AI and machine learning models in cheminformatics: benchmarking techniques and case studies

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Tesla Autonomy Is AI’s Crowning Jewel; Diner Goes World Wide; Japan Trade Deal Announced

Questions to inspire discussion.

⚡ Q: What advantages does XAI’s proprietary cluster offer? A: XAI’s proprietary clusters, designed specifically for training, are uncatchable by competitors as they can’t be bought with money, creating an unbreachable moat in AI development.

Tesla’s Autonomy and Robotaxis.

🚗 Q: When is Tesla expected to launch unsupervised FSD? A: Tesla is expected to launch unsupervised FSD in the third quarter after polishing and testing, with version 14 potentially being unsupervised even if not allowed for public use.

🤖 Q: What is the significance of Tesla’s upcoming robotaxi launch? A: Tesla’s robotaxi launch is anticipated to be a historic moment, demonstrating that the complexity of autonomous driving technology has been overcome, allowing for leverage and scaling.

💰 Q: How might Tesla monetize its Autonomy feature? A: Tesla may charge monthly fees of $50-$100 for unsupervised use, including insurance, on top of personal insurance costs.

Continue reading “Tesla Autonomy Is AI’s Crowning Jewel; Diner Goes World Wide; Japan Trade Deal Announced” | >

The AI arms race with China demands scale. The West must think bigger

Size matters. Economists have long known that; economies of scale are among the building blocks of their science. In the digital era, it quickly became apparent that value was directly proportional to the size of the network (the number of users linked by a particular technology or system).

The race to create scale is critical amid the sizzling geopolitical competition over leadership in new technologies. It has assumed even greater urgency in Western capitals in the wake of China’s success in that race. They’ve had to reconceptualize scale to overcome the advantages China has a result of the size of its economy and its population. It’s a work in progress and the results are mixed, at best.

For those who’ve forgotten their introductory economics, economies of scale are cost advantages created by expanding operations. As companies build more products, they become more efficient, reducing cost per unit. This allows them to produce even more of that product, reinforcing their competitive advantage and keep the virtuous circle turning.