ibm is the most unloved exponential player

https://developer.ibm.com/dwblog/2017/quantum-computing-16-qubit-processor/

IBM announced today it has successfully built and tested its most powerful universal quantum computing processors.

The first upgraded processor will be available for use by developers, researchers, and programmers to explore quantum computing using a real quantum processor at no cost via the IBM Cloud.

The second is a new prototype of a commercial processor, which will be the core for the first IBM Q early-access commercial systems.

Launched in March 2017, IBM Q is an industry-first initiative to build commercially available universal quantum computing systems for business and science applications. IBM Q systems and services will be delivered via the IBM Cloud platform.

IBM first opened public access to its quantum processors one year ago, to serve as an enablement tool for scientific research, a resource for university classrooms, and a catalyst of enthusiasm for the field. To date users have run more than 300,000 quantum experiments on the IBM Cloud.

Bacteriophages… more crispr possibilities

https://www.nature.com/news/modified-viruses-deliver-death-to-antibiotic-resistant-bacteria-1.22173

Genetically modified viruses that cause bacteria to kill themselves could be the next step in combating antibiotic-resistant infections.

Several companies have engineered such viruses, called bacteriophages, to use the CRISPR gene-editing system to kill specific bacteria, according to a presentation at the CRISPR 2017 conference in Big Sky, Montana, last week. These companies could begin clinical trials of therapies as soon as next year.

Cameras with neurons…

https://www.scientificamerican.com/article/quick-thinking-ai-camera-mimics-the-human-brain/

Researchers in Europe are developing a camera that will literally have a mind of its own, with brainlike algorithms that process images and light sensors that mimic the human retina. Its makers hope it will prove that artificial intelligence—which today requires large, sophisticated computers—can soon be packed into small consumer electronics. But as much as an AI camera would make a nifty smartphone feature, the technology’s biggest impact may actually be speeding up the way self-driving cars and autonomous flying drones sense and react to their surroundings.

Getting all of the components of a memristor neural network onto a single microchip would be a big step, says Yoeri van de Burgt, an assistant professor of microsystems at Eindhoven University of Technology in the Netherlands, whose research includes building artificial synapses. “Since it is performing the computation locally, it will be more secure and can be dedicated for specific tasks like cameras in drones and self-driving cars,” adds van de Burgt, who was not involved in the ULPEC project.
Assuming the researchers can pull it off, such a chip would be useful well beyond smart cameras because it would be able to perform a variety of complicated computations itself, rather than off-loading that work to a supercomputer via the cloud. In this way, Posch says, the camera is an important step toward determining whether the underlying memristors and other technology will work, and how they might be integrated into future consumer devices. The camera, with its innovative sensors and memristor neural network, could demonstrate that AI can be built into a device in order to make it both smart and more energy efficient.

massively speeding up automated driving…

https://mcity.umich.edu/new-way-test-self-driving-cars-cut-99-9-validation-costs/

In essence, the new accelerated evaluation process breaks down difficult real-world driving situations into components that can be tested or simulated repeatedly, exposing automated vehicles to a condensed set of the most challenging driving situations. In this way, just 1,000 miles of testing can yield the equivalent of 300,000 to 100 million miles of real-world driving.

While 100 million miles may sound like overkill, it’s not nearly enough for researchers to get enough data to certify the safety of a driverless vehicle. That’s because the difficult scenarios they need to zero in on are rare. A crash that results in a fatality occurs only once in every 100 million miles of driving.

Yet for consumers to accept driverless vehicles, the researchers say tests will need to prove with 80 percent confidence that they’re 90 percent safer than human drivers. To get to that confidence level, test vehicles would need to be driven in simulated or real-world settings for 11 billion miles. But it would take nearly a decade of round-the-clock testing to reach just 2 million miles in typical urban conditions.

Beyond that, fully automated, driverless vehicles will require a very different type of validation than the dummies on crash sleds used for today’s cars. Even the questions researchers have to ask are more complicated. Instead of, “What happens in a crash?” they’ll need to measure how well they can prevent one from happening.

“Test methods for traditionally driven cars are something like having a doctor take a patient’s blood pressure or heart rate, while testing for automated vehicles is more like giving someone an IQ test,” said Ding Zhao, assistant research scientist in the U-M Department of Mechanical Engineering and co-author of the new white paper, along with Peng.

To develop their accelerated approach, the U-M researchers analyzed data from 25.2 million miles of real-world driving collected by two U-M Transportation Research Institute projects—Safety Pilot Model Deployment and Integrated Vehicle-Based Safety Systems. Together they involved nearly 3,000 vehicles and volunteers over the course of two years.

From that data, the researchers:

Identified events that could contain “meaningful interactions” between an automated vehicle and one driven by a human, and created a simulation that replaced all the uneventful miles with these meaningful interactions.

Programmed their simulation to consider human drivers the major threat to automated vehicles and placed human drivers randomly throughout.

Conducted mathematical tests to assess the risk and probability of certain outcomes, including crashes, injuries, and near-misses.

Interpreted the accelerated test results, using a technique called “importance sampling” to learn how the automated vehicle would perform, statistically, in everyday driving situations.

The accelerated evaluation process can be performed for different potentially dangerous maneuvers. Researchers evaluated the two most common situations they’d expect to result in serious crashes: an automated car following a human driver and a human driver merging in front of an automated car. The accuracy of the evaluation was determined by conducting and comparing accelerated and real-world simulations. More research is needed involving additional driving situations.

The paper is titled “From the Lab to the Street: Solving the Challenge of Accelerating Automated Vehicle Testing.”

hyperloop is getting serious…

https://techcrunch.com/2017/06/20/htt-signs-on-south-korea-to-build-a-full-scale-hyperloop-system/

The South Korean Hyperloop project will be called the HyperTube Express, and it’s backed by the Korean Department of Technological Innovation and infrastructure. The schools involved are the Korea Institute of Civil Engineering and Building Technology (KICT) as well as Hanyang University, which is South Korea’s leading engineering research school.

Back in January, reports suggested that South Korea was working on a Hyperloop-like high-speed rail network for the country, spearheaded by the Korea Railroad Research Institute. Said project was said to be called the Hyper Tube Express at the time, but the involvement of Hyperloop Transportation Technologies, which is a multi-year partner owing to the licensing deal, wasn’t previously announced.

The flaw at the core of the EU

http://bilbo.economicoutlook.net/blog/?p=36270

Periodically, the European Commission puts out a new report or paper on how it is going to fix the unfixable mess that the Eurozone continues to wallow in. I say unfixable because all of the proposed reforms refuse to confront the original problem, which, at inception, the monetary union builders considered to be a desirable design feature – a lack of a federal fiscal capacity

The conclusion that anyone who understands these matters would reach is that the differences between the European nations are so great that such a shift towards a true federation is highly unlikely despite the fact that the EMU could function effectively if the capacity was developed.

The other conclusion is that by failing to solve the inherent design problem either by introducing a full federal fiscal capacity or disbanding the monetary union, the European Commission is setting the Eurozone up for the next crisis.

While there is some growth now, after nearly a decade of malaise, the residual damage from the crisis remains. The private sector still has elevated levels of debt, the banking system is far from recovered (particularly in Italy), the property market is still depressed, governments have elevated levels of foreign-currency debt (euros), and the labour market remains depressed.

What that means is that when the next economic downturn comes – and economic cycles repeat – the crisis will be magnified and the mechanisms set in place as emergency measures to deal with the GFC will fail immediately.

It is only a matter of time.

That is enough for today!

 

arguing with fed…

http://bruegel.org/2017/06/the-feds-problem-with-inflation/

Larry Summers offers 5 reasons why he thinks the Fed may be making a mistake. First, the Fed is not credible with the markets at this point. Its dots plots predict four rate increases over the next 18 months compared with the market’s expectation of less than two. The markets do not share the Fed’s view that inflation acceleration is a major risk; indeed they do not believe the Fed will attain its 2 percent inflation target for a long time to come. Second, the Fed proclaims that it has a symmetric commitment to its 2 percent inflation target. After a full decade of sub-target inflation, policy should be set with a view to modestly raise target inflation during a boom with the expectation that inflation will decline during the next recession. A higher inflation target would entail easier policy than is now envisioned. Third, preemptive attacks on inflation, such as preemptive attacks on countries, depend on the ability to judge threats accurately. The truth is we have little ability to judge when inflation will accelerate in a major way. The Phillips curve is at most barely present in data for the past 25 years. Fourth, there is good reason to believe that a given level of rates is much less expansionary than it used to be given the structural forces operating to raise saving propensities and reduce investment propensities. Fifth, the Fed to abandon its connection to price stability, it simply needs to assert that its objective is to assure that inflation averages 2 percent over long periods of time. Then it needs to acknowledge that although inflation is persistent, it is very difficult to forecast and signal that it will focus on inflation and inflation expectations data rather than measures of output and employment in forecasting inflation. With these principles internalized, the Fed would lower its interest-rate forecasts to those of the market and be more credible. It would allow inflation to get closer to target and give employment and output more room to run.

the greatest race in the world (AI)

https://www.equities.com/news/chip-stocks-and-the-race-for-artificial-intelligence

Artificial intelligence is coming, and it will change everything. The application of AI requires three basic components. First, deep learning and artificial neural networks require data for the learning process by which they train themselves to generate algorithms: so in a world of AI inflection, access to data — public, private, or proprietary — will become a key economic variable for company performance. Companies with data and the capacity to generate it, as well as companies with the political savvy to make use of externally generated public and private data, will benefit. The second necessary component is hardware. Today’s chip leaders will likely not be tomorrow’s. The key is the arrival of neuromorphic chips which discard the legacy chip architecture in favor of new architectures intrinsically suited for deep learning application — neuromorphic chips. Look not just for manufacturers, but for those companies that can harness network effects to win dominance in the adoption of their chips and their programming ecosystem. The final component is the training systems; look for companies able to implement fast and cheap training systems at scale.

Morph into an Augmented Human Worker with DAQRI’s Intel-powered Smart Helmet

 

https://hackernoon.com/morph-into-an-augmented-human-worker-with-daqris-intel-powered-smart-helmet-d4449920d2

AI and technology taking over human jobs?
Not quite. Put on DAQRI’s Smart Helmet and you will see why. It allows you to be an ‘Augmented Human’ worker. Targeting businesses rather than consumers, the wearable seeks to help boost employees’ productivity at work, by helping companies improve their workflows as well as troubleshooting on the factory floor or at construction sites — making for a great return on investment.
DAQRI’s Smart Helmet comes with a hard hat with safety goggles attached and is powered by Intel’s M7 chip and RealSense camera sensors.
Putting on the helmet, for so many human-tech capabilities it provides, I was surprised by how light and snug it was.

Chinese robot delivery…

https://qz.com/1009155/chinas-second-largest-ecommerce-company-jd-jd-just-used-a-robot-to-deliver-packages/

Jingdong, or JD.com, China’s second-biggest e-commerce company after Alibaba, sent robots to deliver items for the first time yesterday (June 18), on the last day of a two-week-long shopping bonanza that recorded sales of around $17.6 billion, according to a spokesman with the company.
Designed by JD, the white, four-wheeled droid can carry five packages at once and travel 20 km (12.4 miles) if fully charged. It can climb up a 25-degree incline (link in Chinese), and find the shortest route from warehouse to destination. Once it reaches its destination, the robot sends a text message to notify the recipient of the delivery. Users can accept the delivery through face-recognition technology or by using a code, according to China’s state broadcaster CCTV.