Lifeboat Foundation

An American debt collection agency suffered a data breach in late February, losing sensitive data belonging to almost two million people.

Earlier this week, Financial Business and Consumer Solutions (FBCS) sent a data breach notification letter to affected customers, explaining that unauthorized third parties accessed its systems on February 14, 2024, and remained there until being spotted, and ousted, on February 26.

Research published in Nature demonstrates high qubit control fidelity and uniformity in single-electron control.

SANTA CLARA, Calif., May 1, 2024 —(BUSINESS WIRE)—Today, Nature published an Intel research paper, “Probing single electrons across 300-mm spin qubit wafers,” demonstrating state-of-the-art uniformity, fidelity and measurement statistics of spin qubits. The industry-leading research opens the door for the mass production and continued scaling of silicon-based quantum processors, all of which are requirements for building a fault-tolerant quantum computer.

Quantum hardware researchers from Intel developed a 300-millimeter cryogenic probing process to collect high-volume data on the performance of spin qubit devices across whole wafers using complementary metal oxide semiconductor (CMOS) manufacturing techniques.

ARMONK, N.Y., April 30, 2024 — Today, IBM (NYSE: IBM) has announced an agreement with RIKEN, a Japanese national research laboratory, to deploy IBM’s next-generation quantum computer architecture and best-performing quantum processor at the RIKEN Center for Computational Science in Kobe, Japan. It will be the only instance of a quantum computer co-located with the supercomputer Fugaku.

This agreement was executed as part of RIKEN’s existing project, supported by funding from the New Energy and Industrial Technology Development Organization (NEDO), an organization under Japan’s Ministry of Economy, Trade and Industry (METI)’s “Development of Integrated Utilization Technology for Quantum and Supercomputers” as part of the “Project for Research and Development of Enhanced Infrastructures for Post 5G Information and Communications Systems.” RIKEN has dedicated use of an IBM Quantum System Two architecture for the purpose of implementation of its project. Under the project RIKEN and its co-PI SoftBank Corp., with its collaborators, University of Tokyo, and Osaka University, aim to demonstrate the advantages of such hybrid computational platforms for deployment as services in the future post-5G era, based on the vision of advancing science and business in Japan.

In addition to the project, IBM will work to develop the software stack dedicated to generating and executing integrated quantum-classical workflows in a heterogeneous quantum-HPC hybrid computing environment. These new capabilities will be geared towards delivering improvements in algorithm quality and execution times.

The platform’s ability to interface with a variety of data sources and observability tools makes it a versatile solution for businesses operating in diverse IT environments, whether on-premises, in the cloud, or in hybrid settings. By serving as an intelligence layer that rationalizes data from multiple observability and infrastructure sources, Flip AI simplifies the workload for IT operations teams and supports more efficient operational practices.

This innovative use of LLMs for operational efficiency in IT environments presents a significant advancement in observability, offering enterprises a powerful tool to enhance system reliability and performance while reducing the economic impact of downtime.

As LLMs continue to evolve, their integration into observability tools is transforming the landscape of infrastructure and workload observability. The immediate benefits of improved performance monitoring and security are just the beginning.

In line with that ambition, Samsung on Tuesday said it has begun mass-producing high-performance memory chips, like HBM3E 8H (8-layer) DRAM, as well as V9 NAND chips, typically used in enterprise servers, AI and cloud devices. The company said it also intends to produce HBM3E 12H (12-layer) chips in the second quarter of this year.

Samsung is the world’s largest memory chip maker and competes with Micron and SK Hynix, a Korean memory chip maker, in the market for HBM chips. Micron kicked off its mass production of 8-layer HBM3E semiconductors in February, and last month at Nvidia’s GTC 2024, SK Hynix said it had also started mass producing HBM3E chips.

As for its foundry business, Samsung said its development of 3-nanometer and 2-nanometer AI chips is “progressing smoothly.”

As summer approaches, electricity demand surges in the U.S., as homes and businesses crank up the air conditioning. To meet the rising need, many East Coast cities are banking on offshore wind projects the country is building in the Atlantic Ocean.

For electric grid operators, knowing how much wind power these offshore turbines can harvest is critical, but making accurate predictions can be difficult. A team of CU Boulder scientists and their collaborators are working to tackle the challenge.

In a paper published March 14 in Wind Energy Science, a team led by Dave Rosencrans, a doctoral student, and Julie K. Lundquist, a professor in the Department of Atmospheric and Ocean Sciences, estimates that offshore wind turbines in the Atlantic Ocean region, where the U.S. plans to build large wind farms, could take away wind from other turbines nearby, potentially reducing the farms’ power output by more than 30%.

AI agents are part of the industry’s broader effort to turn the excitement ChatGPT sparked into recurring revenue for a slew of companies that sell such technology.

As many businesses remain cautious about spending on conversational artificial intelligence, AI providers such as Microsoft, OpenAI and Google are racing to make the technology more of a must-have—by introducing new features that can handle complex tasks with little guidance from the customer.

Microsoft, for instance, is making software to automate multiple actions such as creating, sending and tracking a client invoice based on their order history or rewriting an application’s code in a different language and verifying that it works as intended, according to current employees. The new software, which OpenAI’s technology will power, would improve upon Microsoft’s current suite of Copilots, which summarize meetings or draft emails. Microsoft is planning to announce some of these capabilities at its annual Build developer conference next month, two of the employees said.

Continue reading “To Unlock AI Spending, Microsoft, OpenAI and Google Prep ‘Agents’” »

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis.

The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food delivery business is valued at Rs 98 per share. Goldman previously pegged Blinkit’s valuation at $2 billion in March 2023.

Blinkit’s valuation surge is driven by its strong growth potential in India’s fast-growing quick commerce market. Goldman Sachs forecasts Blinkit’s gross order value (GOV) to grow at a compound annual growth rate (CAGR) of 53% between the financial years 2024 and 2027, outpacing the overall online grocery market’s projected CAGR of 38% during the same period.

Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia, and South America before targeting richer countries that have more sophisticated security methods.

Hackers have adopted a “strategy” of infiltrating systems in the developing world before moving to higher-value targets such as in North America and Europe, according to a report published on Wednesday by cyber security firm Performanta.

“Adversaries are using developing countries as a platform where they can test their malicious programs before the more resourceful countries are targeted,” the company told Banking Risk and Regulation, a service from FT Specialist.