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No, IBM’s Quantum laptop won’t ruin Bitcoin, but they should still be prepared for one that can. | killexams.com Real Questions and Pass4sure dumps

Contents Primer

anytime there’s an development in Quantum Computing, like Intel’s 49 qubit chip ultimately year’s 2018 CES reveal, or this years CES reveal with IBM’s 20 qubit business quantum laptop, blockchain news outlets are all the time there to assuage worries, with “No, [this] Quantum computer gained’t smash bitcoin”, regularly accompanied by means of the sentiment that the looming quantum computing chance is being blown correct out of percentage.

What they usually fail to word is that, as soon as again, quantum computing is passing metrics ahead of agenda. in the past quantum computing changed into relegated to something that would no longer attain a commercial utility until the mid to late-2020s. That is not to claim quantum computers have simplest ever outpaced expectations, but reasonably to contextualise the electricity of today’s quantum computer systems now not simply towards a static metric of being in a position to break ECDSA, but also a building curve.

while it is right that IBM’s commercial quantum laptop won't spoil Bitcoin, this is now not the attitude they need to have with the underlying cryptographic fundamentals of whatever that underpins billions of greenbacks worth of value (in precisely cryptocurrency on my own)— and with a bit of luck much greater in the future.

to put a visual metaphor to ready until it’s too late: A ballistic may additionally now not penetrate your fortress today, one will in the future, a concept secured by fresh trends, makes it prudent to reinforce sooner and be proactive, in place of reactive. Being reactive capability your fortress should be compromised, or in the case of blockchain, your deepest keys stolen, and what’s the element of fortifying then?

in this manner, the body of the dialog wants be proactive, as opposed to reactive. Decentralized networks, by using their very nature, are censorship resistant, and whereas that capability many spectacular things for conclusion-clients often, in terms of security it ability that it can also be very difficult/not possible to functionally undo transactions. for this reason, they can't afford to be reactive, they have to be proactive with the intention to meaningfully evade negative, irreversible protection effects.

IBM’s commercial Quantum computer

At CES, IBM introduced a commercialised edition of its 20 qubit desktop which may well be shipped out to associations and organizations seeking to delivery constructing on real quantum computer systems.

How effective is it?

in contrast to bits for your laptop that are binary and scale linearly, qubits scale exponentially, which capability that every qubit introduced to a system doubles its computational vigour. For a 20-qubit gadget, we’re 2²⁰. To provide some context, this is some thing that your usual powered computer can simulate completely smartly and is precisely what Microsoft does for its Quantum development package. The breakdown is:

  • 2²⁰ desktop: Commercially, we’re right here!
  • 2³⁰ computing device
  • 2⁴⁰ Cloud compute service (For Microsoft, here is Azure)
  • If it’s no longer so powerful yet, who is it for?

    IBM’s industrial quantum computing device is demonstration that they could produce a legit, upgrade-able business quantum computer. shoppers who buy a 20-qubit device today, could improve their techniques down the road, having already familiarised themselves with IBM’s commercial quantum laptop. this might attraction to researchers in selected, as having a QC on-hand would increase uptime for experiments, and support lessen system downtime.

    What does this suggest for blockchain

    As aptly penned through The Verge, here is a symbolic development to suggest that NISQ period quantum computers are here, commercialised, these days, and with Intel, IBM, Microsoft, Google, Intel, Lockheed Martin, Rigetti, and extra, all within the ring competing, it’s naturally now not simply within the lab.

    The blockchain community should settle for that quantum computers are right here, these days. whereas the timeline for when they can threaten blockchain safety is doubtful, no matter if that day will come is no longer a count of debate. no one desires to see a catastrophic adventure where massive swaths of the cryptocurrency ecosystem is wiped out, however that is unfortunately a chance if they don't act in a timely manner.

    When do they deserve to fret, anyway?

    This isn’t a straightforward thing to answer, but working off of their “what number of qubits” record from above they are able to extend on it and get a host to run Shor’s algorithm.

  • 2⁵⁰ general supercomputer: we've already passed this! currently, the greatest strong QC on this planet is 2⁷²
  • 2⁸⁰ Quantum Supremacy: Quantum computer systems are quicker than the quickest supercomputer with an artificial verify. A milestone Microsoft is expecting to move this year.
  • 2³⁰⁰⁰ Quantum computer systems can run Shor’s algorithm: Shor’s can wreck ECDSA 256 (what Bitcoin makes use of): They are looking to improve neatly earlier than this factor.
  • searching returned, they can take the building trajectory of the number of qubits a system has had over the last four years and attempt to extrapolate:

  • 2015: four-qubits
  • 2016: 9-qubits (IBM)
  • 2017: 17-qubits (Intel), 50-qubits (IBM)
  • 2018: 49-qubits (Intel), 72-qubits (Google)
  • This shows a 5.5x/1yr — 18x/4yr boost, or, assuming a similar trajectory, it could be between 2.2 and 5.three years until they hit 3000 qubits. despite the fact, there's more work to do than just stacking up qubits. there is the lingering subject of error-correction, which currently stands as a barrier to correct, correct calculations. there's also the challenge of scaling, which is being addressed in a few techniques, however has now not been solved.

    On the different aspect, Shor’s Algorithm is in basic terms the primary quantum algorithm to bring in an pastime in quantum computing. There proceed to be advances against breaking Elliptic Curve Cryptography on a variety of ranges through more recent, more productive algorithms that may run on their non error-corrected quantum computer systems.

    those are relatively huge variables, which is why you’ll see every little thing from 2 to 30 years earlier than ECDSA P-256 is broken. In many ways this latitude doesn’t rely, but there’s no doubt that they wish to have everything cozy neatly forward of it.

    The importance of coaching

    in case you’ve ever dealt with maintaining techniques relaxed in any means, it’s vital to sustain up to now. often, this capacity following average Vulnerabilities and Exposures (CVE) notices and other safety bulletins, and checking to peer the state of your hash features and cipher suites.

    here is the cadence safety and cryptography has had for lots of years seeing that the Ceasar cipher and continues to have to at the present time. Some would say it’s echoed within the cloth of nature itself between parasites and hosts.

    Proactive blockchain design for an adversarial future

    Proactive safety is a core cost for The QRL — anything they think should be of paramount value for any community that caries big cost.

    we're using XMSS as informed through pqcrypto to comfy their money owed and transactions. XMSS offers complete peace of mind from the emerging black swan of quantum computing, with reusable addresses, provable security and minimal safety assumptions.

    this is a proactive step towards Quantum Computing, but as the cadence goes, it’s crucial to be proactive towards new trends as well, some which may be more durable to foretell.

    We went to great lengths to also design a basis that allows for variable key heights and signature house to ensure compatibility with capabilities new cryptographic schemes that could be developed in the future. Their blockchain contains the opportunity to upgrade signature schemes (XMSS, SPHINCS, + future) and through an handle format update, assist diverse cryptographic hash capabilities (SHA2_256, SHAKE_128, SHAKE256 and so forth). which you can read greater about on their documentation web site.

    We hope that blogs like these support illuminate probably the most complicated relationship between blockchain and quantum computer systems. They understand that they ought to act as an educator during this space, and are happy to upward push to the occasion.


    27 online lessons to learn Blockchain and Cryptocurrency Programming | killexams.com Real Questions and Pass4sure dumps

    what is a blockchain? A blockchain is a decentralized, distributed and public digital ledger it truly is used to list transactions across many computer systems in order that the listing can't be altered retroactively without the alteration of all subsequent blocks and the collusion of the community.

    if you are like me, that definition doubtless did not assist you. and perhaps it's okay...

    but then again, the variety of blockchain jobs has multiplied over 600 percent considering the fact that late 2015. in accordance with indeed, 15 of the 18 most commonplace trade jobs outlined "cryptocurrency" in the job description. And Upwork (the freelancing platform) stories that blockchain engineering competencies are the 2nd most-demanded knowledge within the labor market. 

    So if that sounds enticing... where can you go to gain knowledge of greater about cryptocurrencies and blockchain?

    here's a list of lessons put together by way of BusinessStudent.com, a web supply for information on enterprise degrees and careers. 

  • Cryptoeconomics 101 -- (BlockGeeks) -- Introduces you to the foremost principles that supply blockchain its price. makes a speciality of core subject matters in cryptography and economics, and the way they work collectively to artistic techniques of incentives for blockchain. 
  • Blockchain one zero one Intro - Non Technical -- (BlockGeeks) -- here is an introductory route to blockchain know-how. it will reveal you ways transactions are stored in blockchain, how mining works by the use of consensus and the change between permissioned and permissionless blockchain. 
  • build a Decentralized Blockchain App -- (BlockGeeks) -- This introductory path will teach you the way to build a decentralized blockchain app with Ethereum. 
  • Bitcoin and Cryptocurrency technologies -- (Coursera) -- here's an introductory direction from Coursera that will teach you ways Bitcoin works, how relaxed Bitcoin is, and the way nameless Bitcoin users are. 
  • Blockchain software development for Microsoft .internet -- (BlockGeeks) -- This classification teaches the way to boost a decentralized application for blockchain on Microsoft home windows the usage of visible Studio or visual Studio Code. 
  • basic Solidity direction -- (BlockGeeks) -- This path will put together you to design, manage and assemble enduring methods of smart Contracts that have massive price. it'll demonstrate essential expertise and patterns that can be used to design and construct a signature device. 
  • The complete direction on understanding Blockchain know-how -- (Udemy) -- This Udemy route will deliver the student with an entire figuring out of how blockchain works, what the way forward for the technology is, and the way to have conversations with any person about blockchain know-how. 
  • Intro to Bitcoin -- (BlockGeeks) -- study the basics of how Bitcoin works, and the proof of work consensus algorithm that makes such decentralized transactions possible. find out about public and private keys, transactions, mining, hard foks and segwit. 
  • Intro to Ethereum -- (BlockGeeks) -- find out how to jot down contracts and construct Dapps using Ethereum and learn about Solidity and the way to build decentralized functions. 
  • Workshop - Tokens on the Blockchain -- (BlockGeeks) -- looks at the definition of tokens and understanding what they suggest as they relate to blockchain. specializes in tokens for the Ethereum blockchain and also looks at other token specifications equivalent to ERC20. 
  • How funds Stays sturdy -- (BlockGeeks) -- This webinar looks at how money works, and the way foreign money stays stable over lengthy intervals of time. It additionally reviews the law of give and demand and how it determines the quantity and value of goods and capabilities in economies. 
  • Workshop - wise Contracts a hundred and one -- (BlockGeeks) -- This webinar experiences wise contracts, how they work with the Ethereum blockchain from the architectural stage in addition to from a pragmatic standpoint. 
  • Workshop -- a way to Use ERC721 Tokens -- (BlockGeeks) -- This webinar examines the ERC721 token ordinary and an instance of implementation within the Open Zeppelin library. you will gain knowledge of what this class of token is and the way it differs from the ERC20. 
  • Workshop: Segwit -- (BlockGeeks) -- This program will walk you in the course of the segregated witness function of the bitcoin blockchain. 
  • Workshop -- mp;A software's sensible Contract -- (BlockGeeks) -- This webinar is a study of Q/A DAPP and the way it works with sensible contracts. 
  • IBM Blockchain groundwork for builders -- (Coursera) -- a few totally experienced IBM blockchain developers will lead the scholar through a few movies that exhibit excessive degree concepts, accessories and techniques on how to construct blockchain business networks. 
  • Blockchain in the power Sector -- (FutureLearn) -- This route experiences the disruptive percentages of blockchain know-how in the energy sector. students will learn how blockchain works and start to take note the price, heritage and geopolitical context and how it applies to the energy sector. 
  • become a Blockchain Developer with Ethereum and Solidity -- (Udemy) -- This webinar will introduce you to the simple philosophy at the back of blockchain; a way to enhance a disbursed software and installation it in creation; unit checking out and create a person interface. also, you are going to be taught the entire simple concepts of the Solidity wise contract language. 
  • Ethereum Developer Masterclass - build true World tasks -- (Udemy) -- This direction from Udemy will go during the Ethereum development ecosystem in wonderful detail. The scholar will create and launch their own initial coin offering on the Ethereum blockchain. 
  • Blockchain for company -- (EdX) -- An Introduction to Hyperledger technologies -- This route will introduce the power of allotted ledger applied sciences with a brief overview of Hyperledger and introductions to key frameworks. 
  • legislation and company of Bitcoin and Cryptocurrencies -- (NYU.edu) -- This course is offered by means of the NYU law school and Stern faculty of enterprise. It gives a top level view of the complicated criminal and business considerations surrounding the implementation of bitcoin and different cryptocurrencies within the marketplace. 
  • Innovation and Cryptoventures -- (Duke college) -- this is a brand new route from Duke school that helps students to have in mind disruptive technologies and to check the implications on how company will be carried out sooner or later. an awful lot path focus is on the community it is growing at the back of bitcoin and the many ventures that are capitalizing on it. 
  • Bitcoin Engineering -- (Stanford tuition) -- This lab path from Stanford school specializes in the way to build Bitcoin enabled purposes. you're going to learn the way to rewire web capabilities on the groundwork of Bitcoin. 
  • Blockchain for Technical Executives and Analysts -- (B9lab) -- This direction is geared to train technical decision makers and CTOs concerning the fundamentals of blockchain applied sciences. it'll introduce every that is needed to remember the know-how, smart contracts, and the technical and social frameworks that undergird the know-how. 
  • The most useful Bitcoin and Blockchain path -- (Udemy) -- here's an introductory course about blockchain, bitcoin and cryptocurrencies. you are going to have in mind the way to make cash via mining cryptocurrencies and the significance of cryptocurrencies in their fiscal future. 
  • study Bitcoin and Ethereum -- (OneMonth) -- here is one of the crucial desirable self-paced online cryptocurrency classes today. you're going to learn the way to get started with investing in Bitcoin, Ethereum and blockchain. you will learn the way to send and receive Bitcoin, in addition to the way to installation a Trezor for bloodless pockets safety. 
  • Cryptocurrencies, Blockchains and sensible Contracts -- (Stanford institution) -- This introductory course at Stanford tuition covers all simple features of cryptocurrencies, corresponding to distributed consensus, blockchains, smart contracts and purposes.
  • posted on: Jun 28, 2018


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    Global online payments firm PayPal has invested in startup Cambridge Blockchain, a firm that focuses on leveraging the tech in order to give users more control over their digital identities. The investment, whose amount is undisclosed, is part of an extension to a Series A funding round that had raised an initial $7 million in May 2018. The United States Securities and Exchange Commission (SEC) has stated that Cambridge Blockchain raised a total of $3.5 million in new equity since May 2018. Cambridge Blockchain has notably joined major players such as Microsoft, IBM, Mastercard, and Accenture to collaborate under the canopy of a non-profit organization dubbed the Decentralized Identity Foundation.

    SEC Staff Publish Framework for Determining If Digital Assets Are Investment Contracts

    Staff at the U.S. SEC have published a framework that will help market participants figure out if a digital asset is deemed to be an investment contract, and therefore a security. The framework is not a rule, regulation, or statement of the U.S. Commission, but is the work of two of the SEC’s commissioners: Bill Hinman, director of the SEC’s Division of Corporation Finance and Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation — also known as the “crypto czar.” The framework focuses on the economic reality of the transaction itself and “what character the instrument is given in commerce by the terms of the offer, the plan of distribution, and the economic inducements held out to the prospect.”

    View photos

    Coinbase Expands Into Cross-Border Payments

    Major U.S. crypto exchange and wallet Coinbase stated this week that it has expanded into cross-border payments. The entity’s development means that Coinbase customers can now transfer funds to any other user with a Coinbase account globally using both (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. Coinbase also made the news again this week when it announced that the insurance coverage for its hot wallet crypto holdings is covering a $255 million limit through a Lloyd’s of London-registered broker. According to Coinbase’s chief information security officer, the coverage focuses on protecting theft by hacking, a high risk consumer lost scenario.

    Pakistan’s Central Bank Aims to Issue Its Own Digital Currency by 2025

    The deputy governor of the State Bank of Pakistan (SBP), Jameel Ahmad, said this week that the institution plans to issue their own digital currency by 2025. A statement was made during a speech about the launch of Electronic Money Institutions, when Ahmad noted that the central bank is already working on their central bank digital currency (CBDC) as a way to financial inclusion and efficiency and combat corruption. According to Ahmad, the CBDC will only be deployed in 2030. As previously reported, Pakistan is in the process of implementing new cryptocurrency regulations in an effort to improve its track record fighting financial crime.

    Bloomberg: Bitcoin's Recent Renaissance Could Be Linked to Algorithmic Trading

    Bloomberg reported this week that the recent cryptocurrency market jump could be linked to algorithmic trading. The trading method uses automated software to detect trends and determine when trades should be made, and Bloomberg states that the industry has seen 17 new algo or quantitative funds launched since September. According to Bloomberg’s data, algo funds reported gains of between 3 and 10% per month during the past crypto winter, while crypto funds lost a total of around 72% during the same time.

    Story continues

    Winners and Losers

    View photos

    The crypto markets are still trading high at the end of the week, with Bitcoin at $5,158, Ethereum around $168 and Ripple at $0.36. Total market cap is around $180 billion.

    The top three altcoin gainers of the week are EZOOW, Cryptrust and Luna Coin. The top three altcoin losers of the week are Sharpe Platform Token, Guaranteed Ethurance Token and dietbitcoin.

    For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

    Most Memorable Quotations

    “In today’s economy, there is less and less time to build trust in the way it happened in the past. To fight cancer, to balance renewable energy, to trace the authenticity of goods, actors must be able to trust one another without meeting face-to-face. And how can they achieve this? Of course, with the help of blockchain.”

    Mariya Gabriel, European Commissioner for Digital Economy and Society

     

    “All indications that they have — whether it be fundamentals, technicals, the quantitative analysis they do — all suggest that they probably have at least started to put in the bottoming process.”

    Brian Kelly, founder and CEO of digital currency investment firm BKCM LLC

     

    “As soon as there is news about [CBDC issuance] the people in crypto get excited and say, see it’s becoming mainstream [...] but if you look carefully about what they want to do, if and when they’re going to do it, it’s not going to be blockchain, it’s not going to be crypto [...] it’s going to be on a single ledger, secured.”

    Nouriel Roubini, American economist and notorious crypto critic

     

    “Shorts are liquidated, there were short squeezes, more people jumped onto the hype, and a lot of news media always look for a trigger to cause big drops and big rises. I would say more than half the time they are just trying to match news to something that it did not necessarily need news to happen.”

    Tone Vays, Bitcoin analyst

     

    “We are poised to achieve ten thousand times their capacity.”

    Andreas Antonopoulos, crypto entrepreneur, speaking about extant payment systems such as Visa and MasterCard

     

    “Blockchain has the potential to virtually exclude loss, distortion, or forgery of vital log data in all aviation sectors where certificates are issued and controlled.”

    Dr. Olumuyiwa Benard Aliu, president of the United Nation’s specialized agency for aviation

    View photos

    Prediction of the Week

    Brian Kelly Says Next Target for Bitcoin is $6,000, With Crypto Markets Bottoming

    Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, has predicted that Bitcoin’s next target price is going to be $6,000. Speaking in an interview with CNBC, Kelly stated that $6,000 was a reasonable price point, his comments coming in the aftermath of this week’s price surge that saw Bitcoin’s price jump by over 15 percent to reach over $5,000 for the first time since November 2018. Kelly put forward the idea that the influx of institutional investors is one of the reasons behind the price upswing.

    FUD of the Week

    Ernst & Young Argues That Crypto Exchange QuadrigaCX Should Be Placed in Bankruptcy

    Big Four audit firm Ernst & Young (EY), which is working with now-defunct Canadian crypto exchange QuadrigaCX, said this week that the exchange should be placed in bankruptcy rather than being restructured. The exchange had been undergoing legal proceedings since it reportedly lost access to its cold wallet holdings after the unexpected death of its founder, Gerald Cotten, in December 2018. In EY’s new report, they propose that the ongoing restructuring process should be shifted to an alternative bankruptcy process. The benefits of shifting to proceedings under the BIA, the report argues, include the fact that bankruptcy “would allow for the potential sale of assets, including but not limited to Quadriga’s operating platform.”

    Research: Ethereum-Based Prediction Market Augur Currently Faces a Design Flaw Attack

    Ethereum-based (ETH) prediction market Augur currently has a design flaw attack, according to research made by crypto exchange Binance. The attack mentioned in the report involves a controversial market that bets on the price of ETH at the end of March, but has a discrepancy over the actual ending time of the contract versus the title. According to the research, this discrepancy could cause the contract to be deemed invalid, dividing the contributions to give back to users at one third of their value. Binance notes that this flaw could be taken advantage of by bad actors: an Augur executive has already said that the next Augur upgrade will work towards a solution.

    Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud

    Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). According to Canadian court documents, Vanbex founders Kevin Hobbs and Lisa Cheng were operating a shell company that developed no usable products, and had used the money in the ICO on property and cars for themselves. Vanbex’s founder Cheng told Cointelegraph in a statement that the firm “knows with certainty that false claims by a former contractor have created files with several government agencies” as part of her denial of the Canadian courts’ allegations.

    View photos

    Best Cointelegraph Features

    A Guilty Verdict, Impatient Creditors and a Resurrecting Movement: Mt. Gox Saga Continues

    The 2011 Mt. Gox hack remains the largest cryptocurrency hack of all time. In light of the recent guilty verdict for Mark Karpeles, the defunct exchange’s ex-CEO, Cointelegraph looks at how much has changed (and not changed) in the aftermath for those affected by Mt. Gox.

    ‘Free’ Money: How Students Mine Cryptocurrency in Their Dorm Rooms

    Cointelegraph examines the recently publicized phenomenon of college students reportedly mining cryptocurrencies in their rooms. Who pays for the bills? How much money can they actually earn? Cointelegraph answers those questions and more.

    Related Articles:

    Algo-trading is a threat grocery has to take seriously | killexams.com real questions and Pass4sure dumps

    Financial chart stock market algo trading

    A significant shift is occurring in the commodities world, with markets such as cocoa and coffee being targeted by short-term investors using computer-driven algorithmic trading to boost ROI.

    According to reports, this movement is threatening to divorce the coffee market from the fundamentals of supply and demand, resulting in volatile price fluctuations.

    Algo-trading has the potential to deliver particularly bad news for the coffee industry, as volatile intra-day trading would likely catch producers, roasters and retailers off guard with sudden price changes. Ultimately, this may lead to increased price volatility for the consumer.

    One way to mitigate the negative impact of algorithmic trading on the coffee industry is the adoption of a different business model that bypasses the international commodity markets.

    We have extensive first-hand experience of this through their own Union Direct Trade which, at its heart, is about developing close and long-lasting relationships with farmers in coffee growing communities. Union Direct Trade is about forging a direct link between the value of the crop and the price it commands.

    This alternative trading model not only stops the pervasive effects of algo-trading, but also helps farmers increase the yield and value of their crops. In return, UK consumers gain access to progressively better-quality coffee – a win-win!

    However, there are challenges that will need to be addressed. One key factor is the scalability of this trading model, especially outside the realm of speciality coffee. But with consumers more focused than ever on where their food and drink comes from, finding ways to scale these trading models will ultimately be inspired by consumer demand.

    Algo-trading is a fundamental change to the way commodities are traded and its impact is only set to grow as more traders get on board. It is in all of their interests to find ways to preserve and strengthen that crucial link between cost of production, quality and price. Union Direct Trade is about creating value throughout the supply chain.

    Violeta Stevens is MD of Union Hand-Roasted Coffee


    MIT-IBM Watson AI Lab Targets Algorithms, AI Physics | killexams.com real questions and Pass4sure dumps

    Investment continues to flow into artificial intelligence research, especially in key areas such as AI algorithms that promise to move the technology from specialized tasks to broader applications that leverage big data and exploit machine and “continuous” learning capabilities.

    With those and other goals in mind—including the societal implications of AI—IBM and the Massachusetts Institute of Technology announced an AI research partnership on Thursday (Sept. 7). Along with critical AI algorithms and related deep learning software, the 10-year, $240 million investment in the new MIT-IBM Watson AI Lab will focus on hardware development and applications such as health care and cyber-security.

    IBM and university researchers also will “explore the economic and ethical implications of AI on society,” the partners noted.

    The AI lab will be co-chaired by Anatha Chandrakasan, dean of MIT’s School of Engineering, and Dario Gil, vice president of AI at IBM Research. Along with algorithms, the partners will seek proposals from MIT researchers and company scientists on AI physics, applications and “advancing shared prosperity through AI.”

    MIT President L. Rafael Reif, left, and John Kelly III, IBM senior vice president, Cognitive Solutions and Research, shake hands at the conclusion of a signing ceremony establishing the new MIT–IBM Watson AI Lab. Photo credit: Jake Belcher

    The final category is a nod to growing concerns about the economic impact of AI on labor markets as more tasks are automated.

    The partners also stressed they would seek to take AI advances to the next level by encouraging MIT faculty and students to launch startups designed to commercialize technologies developed by the new lab.

    The AI lab builds on earlier collaboration between IBM and MIT in cognitive sciences designed to advance research in areas such as machine vision.

    IBM’s previous research efforts built around its Watson cognitive computing have so far achieved mixed results. According to a report by the web site statnews.com, a three-year effort to promote the technology for recommending cancer treatments has fallen short of expectations. A cancer specialist who has used it told the web site: “Watson for Oncology is in their toddler stage.”

    The report also noted that IBM researchers have yet to publish any scientific papers about clinical outcomes based on the technology. Nevertheless, IBM and MIT said they would continue pursuing “optimum treatment paths for specific patients” along with medical applications such as image analysis and securing private medical data.

    Separately, the company also is collaborating with MIT and Harvard University on AI and genomics.

    Hence, IBM’s new research partnership with MIT looks like an attempt to go back to the drawing board to focus research on fundamentals such as algorithm development and AI “physics.” The latter category would focus on materials, devices and architectures that would support future approaches to AI model training. Among the current techniques is broader use of neural processing units that are incorporated into chipsets to accelerate the execution of AI algorithms.

    IBM also said the partnership is intended to exploit the intersection between machine learning and quantum computing, including new quantum devices and using quantum machines as another way to accelerate machine-learning algorithms.

    “Today, it takes an enormous amount of time to train high-performing AI models to sufficient accuracy,” IBM’s Gil noted in a blog post. “For very large models, it can be upwards of weeks of compute time on GPU-enabled clusters.”

    Meanwhile, algorithm research will focus on moving beyond specialized tasks such as facial recognition and computer vision to address more complex problems. “Researchers will invent new algorithms that can not only leverage big data when available, but also learn from limited data to augment human intelligence,” the partners said.

    Acknowledging growing unease about the societal implications of AI technology, the partners also emphasized they would take a step back to consider the economic impact of AI technology. Among the issues addressed will be the creation of “AI systems that can detect and mitigate human biases,” Gil explained, along with “ensuring that AI systems [complement] worker skills that might be in short supply and exploring how productivity gains will be distributed across firms, workers and consumers.”



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