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IBM Launches $100 Million Partnership with Global Universities to Develop Novel Technologies Towards a 100,000-Qubit Quantum-Centric Supercomputer

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Landmark 10-year partnerships with the University of Tokyo and the University of Chicago to develop a new paradigm of high-performance computing

IBM Quantum milestones to lay foundation for integration of large-scale classical and quantum systems

Collaborations will develop detailed blueprint to pioneer quantum-centric supercomputing

HIROSHIMA, Japan, May 21, 2023 /PRNewswire/ — At the G7 Summit in Japan, IBM (NYSE: IBM) announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits.

Quantum-centric supercomputing is an entirely new, and as of now, unrealized, era of high-performance computing. A 100,000-qubit system would serve as a foundation to address some of the world’s most pressing problems that even the most advanced supercomputers of today may never be able to solve.

For example, such a powerful quantum system could unlock entirely new understandings of chemical reactions and the dynamics of molecular processes. In turn, this could enable researchers to help study climate change through modeling better methods to capture carbon; discover materials to build batteries for electric vehicles and energy grids towards the goal of being cleaner and more sustainable; and uncover more effective and energy-efficient fertilizers.

To usher in this powerful new paradigm, a global collaboration and an activation of talent and resources across industries and research institutions is being initiated. By partnering with the University of Chicago, the University of Tokyo, and IBM’s broader global ecosystem, IBM will work over the next decade to advance the underlying technologies for this system, as well as to design and build the necessary components at scale. 

Moving forward, IBM intends to expand these partnerships to include Argonne National Laboratory and Fermilab National Accelerator Laboratory, both of which are members of the Chicago Quantum Exchange and home to two respective Department of Energy quantum hubs. Importantly, the two laboratories offer capabilities and expertise that can facilitate delivering the technologies envisaged in the race to build a quantum-centric supercomputer.

“Over the past several years, IBM has been at the forefront of introducing quantum technology to the world,” said Arvind Krishna, Chairman and CEO, IBM. “We have achieved significant progress along our roadmap and mission to globally establish useful quantum technology, so much so that we can now, with our partners, truly begin to explore and develop a new class of supercomputing anchored by quantum.”

“Achieving breakthroughs at scale in quantum technology requires deeply rooted and productive collaboration around the world and across a broad range of industry, academic, and government partners,” said Paul Alivisatos, President of the University of Chicago. “Quantum information science and technology is at a crossroad where foundational discovery and technical innovation will combine to create real breakthroughs. The University of Chicago is thrilled to partner in this endeavor.”

“We expect our partnership will lead to scientific breakthroughs, acceleration of the adoption of quantum computing for the coming era, and active engagement into the critical societal challenges of humanity. We also aim to contribute to the realization of a better future society by nurturing diverse talents,” said Dr. Teruo Fujii, the President of the University of Tokyo.

Building the Blocks of Quantum-Centric Supercomputing

The plans for this quantum-centric supercomputer are expected to involve innovations at all levels of the computing stack, and encompass the convergence of the fields of quantum computing and quantum communication, as well as the seamless integration of quantum and classical workflows via the hybrid cloud.

Because such a computer has never been made before, the first step will be to lay out a blueprint. The design will have to integrate classical computers and quantum computers – a challenging task to date – as well as break new ground in quantum communication and computing technology.

The foundation of this system will include milestones IBM has already outlined on its Quantum Development Roadmap. This includes the ability to scale and connect growing numbers of quantum processors through quantum interconnects, as well as technology to mitigate errors to fully harness noisy yet powerful quantum processors.

By the end of 2023, IBM intends to debut three cornerstones of its necessary architecture for quantum-centric supercomputers. One is the new 133-qubit ‘IBM Heron’ processor. This processor is a complete redesign of IBM’s previous generations of quantum processors, with a new two-qubit gate to allow higher performance. It will also be compatible with future extensions to enable modular connected processors to grow the size of the computer.

The second is the introduction of IBM Quantum System Two. The new flagship system is designed to be modular and flexible to introduce elements of scaling in its underlying components, including classical control electronics and high-density cryogenic wiring infrastructure. This system is targeted to be online by the end of 2023.

The third is the introduction of middleware for quantum, a set of tools to run workloads on both classical and quantum processors. This includes tools for decomposing, parallel execution, and reconstructing workloads to enable efficient solutions at scale.

Over the next decade, IBM plans to work with university partners and its worldwide quantum ecosystem to evolve how its quantum processors can be connected via quantum interconnects. This work will aim to enable high-efficiency, high-fidelity inter-processor quantum operations and a reliable, flexible, and affordable system component infrastructure to allow scaling to 100,000 qubits.

IBM’s collaboration with the University of Chicago will build upon the Chicago area’s strengths in quantum research. The University of Chicago seeded the region’s quantum ecosystem more than a decade ago with the decision to make quantum technology a focus of what is now the Pritzker School of Molecular Engineering. Chicago has arguably become one of the leading global hubs for research in quantum technology and home to one of the largest quantum networks in the country. Scientists from the University of Chicago-headquartered Chicago Quantum Exchange, which includes Argonne National Laboratory and Fermilab National Accelerator Laboratory, four universities, more than 40 industry partners, and researchers at other world-class academic institutions in the region will continue to expand the understanding and utilization of quantum technology. 

In conjunction with IBM, researchers at the University of Tokyo have been pushing forward on topics such as the detailed analysis of noise deep inside quantum processors, the development of efficient computation for quantum artificial intelligence, and quantum chemistry simulation with classical-quantum hybrid computations.

For more about the path to a 100,000-qubit quantum-centric supercomputer, read the IBM Research blog.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

MEDIA CONTACTS

Steven Tomasco 
IBM Communications
stomasc@us.ibm.com

Erin Angelini 
IBM Communications
edlehr@us.ibm.com

 

 

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Veralto Announces Increase in Quarterly Dividend

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WALTHAM, Mass., Dec. 19, 2024 /PRNewswire/ — Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced today that its board of directors has approved a 22% increase to its quarterly cash dividend, and accordingly approved a quarterly cash dividend of $0.11 per share of its common stock, payable on January 31, 2025 to holders of record as of the close of business on December 31, 2024.

About Veralto

With annual sales of $5 billion, Veralto is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. Our industry-leading companies with globally recognized brands are building on a long-established legacy of innovation and customer trust to create a safer, cleaner, more vibrant future. Headquartered in Waltham, Massachusetts, our global team of 16,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World’s Most Vital Resources™.

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SOURCE Veralto

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Astrana Health, Inc. to Participate in Upcoming Investor Conference

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ALHAMBRA, Calif., Dec. 19, 2024 /PRNewswire/ — Astrana Health, Inc. (“Astrana,” and together with its subsidiaries and affiliated entities, the “Company”) (NASDAQ: ASTH), a leading provider-centric, technology-powered healthcare company enabling providers to deliver accessible, high-quality, and high-value care to all, today announced that leadership is participating in the J.P. Morgan 2025 Healthcare Conference, being held in San Francisco, on Tuesday, January 14, 2024, including a presentation at 10:30am PT from President and CEO of Astrana Health, Brandon Sim. The webcast link and related presentation materials will be available in the “IR Calendar” section of the Company’s website: https://ir.astranahealth.com/news-events/ir-calendar.

About Astrana Health, Inc.

Astrana is a leading provider-centric, technology-powered healthcare company enabling providers to deliver accessible, high-quality, and high-value care to all. Leveraging its proprietary end-to-end technology solutions, Astrana operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements, thus empowering them to deliver high quality care to patients in a cost-effective manner.

Headquartered in Alhambra, California, Astrana serves over 12,000 providers and over 1.1 million Americans in value-based care arrangements. Its subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), accountable care organizations (ACOs), and care delivery entities across primary, multi-specialty, and ancillary care. For more information, please visit www.astranahealth.com.

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations
(626) 943-6491
Asher Dewhurst, ICR Healthcare
investors@astranahealth.com

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New Investments to Help Yukoners Reduce Energy Costs and Stay Warm

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WHITEHORSE, YT, Dec. 19, 2024 /CNW/ – Yukon residents know how to live with Arctic outdoor temperatures, but indoors they need good heating systems to live comfortably and affordably in extreme weather.

Today, Member of Parliament Brendan Hanley,  on behalf of the Honourable Jonathan Wilkinson and the Honourable Steven Guilbeault, announced a federal investment of $1.4 million from the Oil to Heat Pump Affordability program (OHPA) and approximately $287,000 from Canada’s Low Carbon Economy Fund (LCEF) to support climate action in the Yukon and help low-to-median-income homeowners reduce their energy costs. He was joined by John Streicker, Yukon Minister for Energy, Mines and Resources, who announced an additional $700,000 in territorial funding toward this initiative.

As part of the Oil to Heat Pump Affordability program, low- and median-income Yukon homeowners could receive a rebate of up to $24,000 plus an upfront payment of $250 to add high-efficiency heat pumps in homes currently heated with oil. Low- to median-income Yukon residents who own homes heated with other energy types such as propane, wood or electric baseboards could also be eligible for cold-climate heat pump rebates funded by the Yukon Government and the LCEF.

The federal government also has OHPA program co-delivery arrangements in place with British Columbia, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Active discussions are underway with other provinces and territories to deliver new, strengthened OHPA co-delivery agreements to make heat pumps even more affordable for Canadians across the country. In jurisdictions without co-delivery arrangements, oil-heated households can continue to apply to the national program to receive up to $10,000 in federal OHPA funding for switching to electric heat pumps.

Together, we can take steps to reduce energy usage and bills, help Canadians maintain safe and comfortable indoor temperatures, reduce their carbon emissions and help to protect our homes from the increasingly harmful effects of climate change — all while creating good-paying, sustainable jobs.

Quotes

“Making the switch to more energy-efficient heating systems can help Canadians save thousands on their energy bills, reduce their energy use and decrease their carbon footprint. That’s why we are strengthening the Oil to Heat Pump Affordability program and ensuring that families in the Yukon are supported in making the switch from heating oil to an efficient heat pump.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Yukoners face some of the coldest temperatures in Canada and need reliable, affordable heating systems to stay warm. This is now truer than ever as climate change is making our weather increasingly unpredictable. Heat pumps are an efficient way to heat homes while reducing emissions, protecting the environment and helping Canadians save on their utility bills. That’s why we are investing in programs like this that support the transition and get us closer to our emission reduction goals.”

The Honourable Steven Guilbeault
Minister of Environment and Climate Change

“Transitioning to energy-efficient heating systems offers Canadians and Yukoners the opportunity to save money on more-efficient home energy systems. The Oil to Heat Pump Affordability program will ensure that families in the Yukon receive the necessary support to switch from heating oil to efficient heat pumps, which will benefit local installers and businesses while also helping ease northern Canada’s pathway to home heating that is less expensive and more environmentally friendly.”

Brendan Hanley
Member of Parliament for Yukon

“Our government believes that we can save money and our planet at the same time. Through Our Clean Future, our government committed to helping Yukoners transition from fossil fuels to smart electric heating systems like heat pumps. I’m pleased that these new investments will help make life more affordable for Yukoners while reducing our territory’s greenhouse gas emissions.”

The Honourable John Streicker
Yukon Minister of Energy, Mines and Resources

Quick facts

The Oil to Heat Pump Affordability program was first introduced in November 2022 as a $250-million investment in a new stream within the Canada Greener Homes Initiative. On February 22, 2023, the program was opened to pre-registration and was fully launched in late March 2023, with the first grants being issued shortly thereafter.Introduced in October 2023, the federal government announced working with provinces and territories on co-delivery agreements including:A strengthened OHPA program that will partner with provinces and territories to increase federal funding eligible homeowners can receive for installing a heat pump from up to $10,000 to up to $15,000, where up to $5,000 matches supplementary provincial and territorial contributions via co-delivery arrangements.An upfront payment of $250 for eligible applicants through the Canada Heat Pump Bonus.The Low Carbon Economy Fund supports provincial and territorial initiatives to reduce greenhouse gas emissions. This can include support for households to switch from oil or natural gas to heat pumps and increase energy efficiency in their homes.Heat pumps are one of the best ways for homeowners to save money on energy bills and fight climate change. They are also two to three times more efficient than other electric home heating sources. This results in greater savings for homeowners and reduced energy intake for utilities and grids.Every year, on average, a household participating in the Oil to Heat Pump Affordability program saves $1,337 on energy costs and achieves 2.78 tonnes in greenhouse gas reductions.The Oil to Heat Pump Affordability program has received approximately 287,000 applications to date nationally.Under Budget 2024, the Government of Canada is taking numerous steps to make life more affordable for Canadians while addressing climate change. This includes the Canada Greener Homes Affordability Program, which will support the direct installation of energy efficiency retrofits for Canadian households with low to median incomes.

Related Information

Yukon: Rebates on Your Home Heating SystemOil to Heat Pump Affordability programLow Carbon Economy FundCanada Greener Homes InitiativeCanada Greener Homes Affordability ProgramCanada Green Buildings StrategyElectric Heat Pumps

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