Researchers from Google’s AI Lab say a controversial quantum machine that it and NASA have been testing since […]
Management students may ask why the title of this post claims that quantum technology is good business. So let me try to explain, and then read on to the PandoDaily post by David Holmes. The bottom line is that some basic understanding of quantum mechanics is going to be a valuable management skill going forward. Why? Read on
Understanding the applications of quantum computing Speedy qubits lead the quantum evolution SUMMARY:Advances in quantum computing can have […]
In the late 1990’s, I participated in the creation of the “point-to-point tunneling protocol” (PPTP) with engineers at Microsoft and Cisco Systems, now an Internet Engineering Task Force (IETF) industry standard. PPTP is the technical means for creating the “virtual private networks” we use at UBC, by encrypting “open” Internet packets with IPSEC 128 bit code, buried in public packets. It was an ingenious solution enabling private Internet traffic that we assumed would last for a very long time. It was not to be, as we now know. Most disturbing, in the 1990’s the US Congress debated giving the government the key to all encryption, which was resoundingly defeated. Now, the NSA appears to have illegally circumvented this prohibition and cracked encryption anyway. But this discussion is not about the political, legal and moral issues, which are significant. In this post I am more interested in “so now what do we do?” There may be an answer on the horizon, and Canada is already a significant participant in the potential solution.
This is the best info-graphic I have seen on the historical evolution of venture capital, from the early days of Arthur Rock to the current trend of “platform” investors offering the “everything in a box” approach to entrepreneurial investment. The evolving venture capital models are overlayed onto a trend graph of the cost of startups contrasted with the number of startups. At first glance one might accept the now common refrain that traditional “venture capital is dead.” When I began my career in Silicon Valley, the typical entrepreneurial growth company needed $5 to $10 Million dollars to launch itself. Today, the argument is that a promising company can be started on $5000 or less, and competitors eager to serve this new market have mushroomed. But is this really the future?
Earlier this week, I was advised by a VC friend in Vancouver to expect another blockbuster announcement from D-Wave. And so it has happened. As if to stem any further skepticism and debate about D-Wave’s quantum computing technology, Google today announced that it has bought a D-Wave quantum computing system, in a partnership with NASA and Lockheed Martin Aerospace. This is the second major sale of a D-Wave system, and further evidence that this is not simple tire kicking by a group of ivory tower scientists.
This is a very Big Deal, which increases the likelihood that Big Data will be a very Big Deal.
While the Canadian economy is expected to languish in the doldrums for the foreseeable future, D-Wave, a Vancouver quantum computing company, with e@UBC funding, is making big waves (pun intended). Seemingly out of the blue we now have two Vancouver companies that may be showing Canada the way out of its “natural resource curse:” D-Wave and potentially also Hootsuite.