Latest news with #IBM
India Gazette
5 hours ago
- Business
- India Gazette
Union Minister G Kishan Reddy reaffirms Centre's full support for Mineral and Coal sector growth in North East
Guwahati (Assam) [India], June 28 (ANI): Union Minister for Coal and Mines G Kishan Reddy reaffirmed the Government's full support to the mineral- and coal-rich North Eastern states at the 2nd North-East Mining Ministers' Conclave in Guwahati. Addressing the gathering on Day 2 of the event, the Minister underlined the Centre's commitment to strengthening mining infrastructure, fast-track project approvals, and promoting sustainable mining practices in the region. He stated that the development of the North East is central to the vision of Viksit Bharat 2047, with the eight states--Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim--rightfully celebrated as Ashta Lakshmi. The Union Minister highlighted that enhanced Centre-State coordination is key to generating employment, attracting investment, and driving inclusive economic growth through mineral and coal sector development. During the conclave, representatives from all eight North-Eastern states presented their roadmaps for advancing the mining and coal sectors. Ministers from Meghalaya, Assam, Arunachal Pradesh, and Sikkim, along with the Advisor to the Chief Minister of Nagaland, outlined state-specific strategies, achievements, and plans. They shared progress in block auctions, exploration of critical minerals, revival of coal mines, development of minor minerals, and adoption of sustainable mining models. The discussions reflected a shared commitment to balancing environmental safeguards with economic growth. States also called for greater central assistance to overcome regional challenges and realise their full resource potential. Addressing the conclave, Sanjay Lohiya, Additional Secretary, Ministry of Mines, emphasised the need to significantly scale up exploration efforts across the country. He urged the Geological Survey of India (GSI), Mineral Exploration Corporation Limited (MECL), and State Governments to work in close coordination and adopt modern, targeted, and time-bound exploration practices, especially for critical and strategic minerals. He added that the Government has provided unprecedented policy and budgetary support to boost exploration activities, and now is the time to translate that momentum into action on the ground. On the sidelines of the conclave, Union Minister G Kishan Reddy inaugurated the new regional office of the Indian Bureau of Mines (IBM) in Guwahati. The inauguration was held in the presence of Assam Minister for Mines, Kaushik Rai; Additionally, V L Kantha Rao, Secretary (Ministry of Mines), Sanjay Lohiya, Additional Secretary (Ministry of Mines) with Piyush Sharma, Controller General, IBM, and senior officials from the Central and State Governments. The new IBM office is expected to play a crucial role in strengthening regulatory oversight, technical support, and facilitation services for the mining sector in the North East. The two-day conclave served as a vital platform for aligning regional mining strategies with the national agenda of sustainable development, energy security, and economic transformation under the vision of Prime Minister Narendra Modi. (ANI)
Mint
6 hours ago
- Business
- Mint
IBM deploys first quantum computer outside the US. Why it matters.
Earlier this week, International Business Machines said that it had deployed an IBM Quantum System Two at a research center in Japan, marking the first time such a device had left the U.S. It was a momentous occasion for the company, which has tweaked its business strategy numerous times since its founding in 1911. This doggedness has helped IBM grow into a quantum heavyweight, culminating in the development of the Heron processor, its best-performing quantum chip to date. 'IBM has been remarkably consistent in hitting its road map goals for building a fully functioning fault-tolerant quantum computer by 2029, and this is another step," Mark Horvath, an analyst at research firm Gartner, told Barron's. Quantum computers use subatomic particles like photons and electrons to transmit information. To date, no company has been able to create a fault-tolerant quantum machine, or one that can perform accurate computations even in the presence of errors. IBM's coming Starling system is designed to catch and correct these mistakes as they occur. Horvath pushed back on IBM's assertion that the Heron chip powering the IBM Quantum System Two was 'the most performant quantum processor in the world." There's no objective way to test such claims, Horvath said. However, the processor has improved circuit depth as well as better error rates than previous generations. The IBM System Two will be installed in the RIKEN Center for Computational Science alongside Fugaku, a classical supercomputer, in what's commonly referred to as hybrid model. This approach will allow researchers to advance research on fundamental chemistry problems and other algorithms, IBM said. The company is moving toward a model that blends high performance computing (HPC) with quantum computing, 'which is generally the way utility quantum computing is going," Horvath said. As quantum has an advantage over classical devices on certain problems like optimization or graph coloring, the technologies can work together to solve problems. 'The classical HPC system will work on most of the problem, farming out parts of the work to the quantum computer where it has a chance at a better-than-classical answer, then combining that back with the ongoing HPC system," Horvath explained. 'This is the current way quantum computers are used in most cases." Quantum computers don't consistently show an advantage over classical devices, Horvath conceded. However, 'very compelling developments in noise reduction and error correction" over the past five years have helped machines return accurate results more consistently. The analyst believes these improvements will bring quantum computers into a more widespread use over the next few years. He likened the progression to artificial intelligence, which 'moved very rapidly from a niche technology into a dependable technology in a similar amount of time." Like other companies, IBM's goal is to build increasingly bigger and more precise machines with the hopes this will lead to wide-scale deployment of the technology. Speaking to Barron's earlier this month, Jay Gambetta, vice president of IBM Quantum, laid out the company's vision for quantum dominance. 'We've always focused on what we need to learn to be able to scale," Gambetta said. 'Our secret weapon is that we make a new device every 17 days. You focus on how you can increase the rate at which you can learn, and you get very disciplined at that." IBM hopes to pioneer a fault-tolerant device before the end of the decade. Gambetta is sure the company can meet its target. 'We always had a plan. I finally feel like we have an execution," the scientist said. 'I'm excited to bring this quantum computer into the world.
Mint
6 hours ago
- Business
- Mint
BM deploys first quantum computer outside the US. Why it matters.
Earlier this week, International Business Machines said that it had deployed an IBM Quantum System Two at a research center in Japan, marking the first time such a device had left the U.S. It was a momentous occasion for the company, which has tweaked its business strategy numerous times since its founding in 1911. This doggedness has helped IBM grow into a quantum heavyweight, culminating in the development of the Heron processor, its best-performing quantum chip to date. 'IBM has been remarkably consistent in hitting its road map goals for building a fully functioning fault-tolerant quantum computer by 2029, and this is another step," Mark Horvath, an analyst at research firm Gartner, told Barron's. Quantum computers use subatomic particles like photons and electrons to transmit information. To date, no company has been able to create a fault-tolerant quantum machine, or one that can perform accurate computations even in the presence of errors. IBM's coming Starling system is designed to catch and correct these mistakes as they occur. Horvath pushed back on IBM's assertion that the Heron chip powering the IBM Quantum System Two was 'the most performant quantum processor in the world." There's no objective way to test such claims, Horvath said. However, the processor has improved circuit depth as well as better error rates than previous generations. The IBM System Two will be installed in the RIKEN Center for Computational Science alongside Fugaku, a classical supercomputer, in what's commonly referred to as hybrid model. This approach will allow researchers to advance research on fundamental chemistry problems and other algorithms, IBM said. The company is moving toward a model that blends high performance computing (HPC) with quantum computing, 'which is generally the way utility quantum computing is going," Horvath said. As quantum has an advantage over classical devices on certain problems like optimization or graph coloring, the technologies can work together to solve problems. 'The classical HPC system will work on most of the problem, farming out parts of the work to the quantum computer where it has a chance at a better-than-classical answer, then combining that back with the ongoing HPC system," Horvath explained. 'This is the current way quantum computers are used in most cases." Quantum computers don't consistently show an advantage over classical devices, Horvath conceded. However, 'very compelling developments in noise reduction and error correction" over the past five years have helped machines return accurate results more consistently. The analyst believes these improvements will bring quantum computers into a more widespread use over the next few years. He likened the progression to artificial intelligence, which 'moved very rapidly from a niche technology into a dependable technology in a similar amount of time." Like other companies, IBM's goal is to build increasingly bigger and more precise machines with the hopes this will lead to wide-scale deployment of the technology. Speaking to Barron's earlier this month, Jay Gambetta, vice president of IBM Quantum, laid out the company's vision for quantum dominance. 'We've always focused on what we need to learn to be able to scale," Gambetta said. 'Our secret weapon is that we make a new device every 17 days. You focus on how you can increase the rate at which you can learn, and you get very disciplined at that." IBM hopes to pioneer a fault-tolerant device before the end of the decade. Gambetta is sure the company can meet its target. 'We always had a plan. I finally feel like we have an execution," the scientist said. 'I'm excited to bring this quantum computer into the world.
Yahoo
6 hours ago
- Business
- Yahoo
Down 48%, Should You Buy the Dip on Rigetti Computing?
Rigetti Computing's stock is down 48% from its peak after a massive run-up in 2024. Competition is fierce, with giants like Google, IBM, and Nvidia in the mix. The company continues to raise cash by selling more shares, leading to significant shareholder dilution. 10 stocks we like better than Rigetti Computing › Quantum computing specialist Rigetti Computing (NASDAQ: RGTI) soared sky-high at the end of 2024, but gave back a lot of those gains in the first half of 2025. On June 25, the stock is trading 48% below January's peak prices. Will Rigetti's stock get a second wind someday soon, or could the price chart continue its retreat? Let's find out. Rigetti is no spring chicken. The company was founded in 2013 and delivered its first quantum computing services in the cloud four years later. Its systems rely on superconducting materials cooled nearly to absolute zero. It's a proven approach, but also a costly one with specialized materials managed by massive super-cooling machinery. Nobody expects quantum computers to take over every data-crunching task, even in the long run. Rigetti proposes a hybrid approach where digital computers continue to be the workhorses of everyday computing needs, but with the option to tap into quantum computers for certain workloads. So the company develops solutions across this stack of technologies, from quantum chips and systems to the old-school software that assigns quantum jobs and reads the results. Rigetti's management sees a huge long-term market in this integrated system philosophy. Last summer, management said that "practical quantum computing is poised to happen in the next few years and have significant commercial potential." A significant breakthrough in quantum computing error correction arrived five months later. Rigetti's stock soared from roughly $1 to more than $21 per share in five weeks, as investors saw a quick route to commercial applications. But the huge gains didn't last. Jensen Huang, the CEO of semiconductor giant (and quantum-to-digital software developer) Nvidia (NASDAQ: NVDA) said that practical quantum systems could be 20 years away. Huang tried to backtrack from that statement, but the market-moving effects held firm anyway. At this point, Wall Street seems to have settled on a compromise between Rigetti's quick plans and Nvidia's long-term view. Despite losing approximately half of its peak gains, Rigetti's stock is still up tenfold over the last year. Unfortunately, Rigetti runs an expensive business model with minimal sales and deep financial losses. The company reported $10.8 million of revenue in 2024, down from $12 million in 2023. Net losses nearly tripled in the same time span, from $75 million to $201 million. The soaring stock price played a large part in the loss calculations, as the fair value of Rigetti's stock-based financial instruments soared. That's a taxable expense. And of course, Rigetti spent $50 million on research and development plus $24 million on selling, general, and administrative expenses -- again, based on $10 million in full-year sales. Furthermore, Rigetti isn't the only name in the quantum computing game. The game-changing error correction that sparked last year's boom? That was an achievement from Google Quantum AI, a group in the Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) tech empire. Rigetti lists Google, IBM (NYSE: IBM), and the Chinese government as direct rivals using similar superconducting techniques. And you already know that Nvidia competes with Rigetti's digital-to-quantum control and reporting software. This small and cash-burning company faces challenges from some of the largest, richest, and most innovative companies in the world. Rigetti keeps the lights on by selling more stock, sometimes on the open market and sometimes in direct offerings to private investors. It's an effective cash-raising strategy, but Rigetti's existing investors see massive dilution along the way. The share count is up by 61.7% over the last year: Rigetti's stock returns took some damage from dilution, but the chart above still shows a 52-week return of more than 1,100%. Cry me a river, right? That's great as long as the stock is soaring, but Rigetti's share price often shows big drops between the sudden jumps. Go back to June 2024 and look at the two-year chart at that point. You'll see a very different story: The stock sales continued while share prices dropped 76% lower. I expect Rigetti to continue raising cash on the open market, no matter where the chart is going next. Based on the company's unprofitable operations, lofty valuation, and well-heeled rivals, investors are probably looking at another lengthy downturn. Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anders Bylund has positions in Alphabet, International Business Machines, and Nvidia. The Motley Fool has positions in and recommends Alphabet, International Business Machines, and Nvidia. The Motley Fool has a disclosure policy. Down 48%, Should You Buy the Dip on Rigetti Computing? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hans India
8 hours ago
- Business
- Hans India
Centre to strengthen mining infrastructure in North East states: Kishan Reddy
Guwahati: Union Minister for Coal and Mines G. Kishan Reddy reaffirmed the Central Government's full support to the mineral and coal-rich North Eastern states at a Mining Ministers' Conclave held here on Saturday. Addressing the gathering on the second day of the event, the Minister highlighted the Centre's commitment to strengthening mining infrastructure, fast-track project approvals, and promoting sustainable mining practices in the region. He stated that the development of the North East is central to the vision of Viksit Bharat 2047, with the eight states—Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim—rightfully celebrated as Ashta Lakshmi. Reddy said that enhanced Centre-State coordination is key to generating employment, attracting investment, and driving inclusive economic growth through mineral and coal sector development. During the conclave, representatives from all eight northeastern states presented their roadmaps for advancing the mining and coal sectors. Ministers from Meghalaya, Assam, Arunachal Pradesh, and Sikkim, along with the Advisor to the Chief Minister of Nagaland, outlined state-specific strategies, achievements, and future plans. They shared progress in block auctions, exploration of critical minerals, revival of coal mines, development of minor minerals, and adoption of sustainable mining models. The discussions reflected a shared commitment to balancing environmental safeguards with economic growth. States also called for greater central assistance to overcome regional challenges and realise their full resource potential. Addressing the conclave, Sanjay Lohiya, Additional Secretary, Ministry of Mines, emphasised the need to significantly scale up exploration efforts across the country. He urged the Geological Survey of India (GSI), Mineral Exploration Corporation Limited (MECL), and State Governments to work in close coordination and adopt modern, targeted, and time-bound exploration practices, especially for critical and strategic minerals. He added that the Government of India has provided unprecedented policy and budgetary support to boost exploration activities, and now is the time to translate that momentum into action on the ground. On the sidelines of the conclave, Reddy inaugurated the new regional office of the Indian Bureau of Mines (IBM) in Guwahati. The inauguration was held in the presence of Assam Minister for Mines Kaushik Rai and senior officials. The new IBM office is expected to play a crucial role in strengthening regulatory oversight, technical support, and facilitation services for the mining sector in the North East. The two-day conclave served as a vital platform for aligning regional mining strategies with the national agenda of sustainable development, energy security, and economic transformation.
