Latest news with #SuperQ
Business Insider
a day ago
- Business
- Business Insider
iShares S&P / TSX 60 Index ETF Stock (TSE:XIU) Makes Small Gains, Along With Wholesale Prices
Prices are going up in Canada again, or so says the latest word from Statistics Canada. Thankfully, though, the boost will be comparatively small, and some households may never be able to tell the difference between normal high prices and these slightly higher wholesale prices. The iShares S&P / TSX 60 Index fund (TSE:XIU) counted good enough as good enough, and posted a fractional gain in Monday morning's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wholesale prices—except for oilseed, petroleum, petroleum products, and assorted hydrocarbons—gained 0.1% in May. That brought the overall basket of materials involved to $84.2 billion. The gains were hardly universal; the same study noted that the personal goods and household goods sectors saw increases of 3.5%, which meant sales were on the rise. That gave some explanation for the small uptick in prices. Some parts gained more than others; the motor vehicle sector, for example, gained just 2.2%. Some sectors even managed to lose ground, though these were a bit less seen in typical Canadian household shopping. For instance, forestry, mining and industrial machinery, equipment and supplies dropped 3.9%. Farm, lawn and garden machinery and equipment, meanwhile, plummeted down 17.1%. A Quantum Computing Revolution But despite this unexpected shift in wholesale prices, Canada also delivered a noteworthy advance in quantum computing. SuperQ recently opened the first-ever quantum computing Super Hub location in Lethbridge, Alberta. Opened at the Tecconnect Innovation Centre therein, the Super Hub gives clients access to its Super platform. Super is similar to ChatGPT in nature, reports note, though also offers quantum computing services as well as '…high-performance computing capabilities.' SuperQ picked Lethbridge for the honor thanks to what SuperQ called '…a proven track record of pioneering AI, blockchain and IoT programs catering to industry needs.' The fact that Lethbridge was also '…a convergence point of Canada's Premiere Food Corridor and Western Gateway that comprise major manufacturing and supply chain activities…' did not hurt either. Is the iShares S&P / TSX 60 Index ETF a Good Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on TSE:XIU shares based on 52 Buys and nine Holds assigned in the past three months, as indicated by the graphic below. After a 18.27% rally in its share price over the past year, the average TSE:XIU price target of $44.18 per share implies 8.26% upside potential.
The Market Online
2 days ago
- Business
- The Market Online
The world's first quantum computing Super Hub opens in Alberta
SuperQ (CSE:QBTQ) officially opened the world's first quantum computing Super Hub at the Tecconnect Innovation Centre in Lethbridge, Alberta SuperQ is a global quantum and supercomputing company building tools for industry, research and education SuperQ stock last traded at C$0.82 SuperQ (CSE:QBTQ) officially opened the world's first quantum computing Super Hub at the Tecconnect Innovation Centre in Lethbridge, Alberta. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. The Super Hub provides businesses, governments and researchers with access to the company's Super platform – a natural-language-based platform similar to ChatGPT equipped with quantum, artificial intelligence (AI) and high-performance computing capabilities – as well as experts on hand, to guide the adoption of quantum data processing across industries. The company set up shop in Lethbridge driven by the city's role at the centre of Alberta's contributions to technological innovation, including 'a proven track record of pioneering AI, blockchain and IoT programs catering to industry needs,' according to Monday's news release, while serving as 'a convergence point of Canada's Premiere Food Corridor and Western Gateway that comprise major manufacturing and supply chain activities.' The initial response to the Super Hub has been encouraging, with ongoing participation from 'business executives, innovation leaders, economic developers and scientists' placing quantum computing in the service of real-world problem solving. SuperQ intends to build upon this momentum with a global network of Super Hubs, including locations in the United States, Europe, India and the United Arab Emirates, with approximately 20 locations planned over the next six-to-eight months, according to an article from My Lethbridge Now. Leadership insights 'Quantum and supercomputing isn't a future promise – it's delivering ROI today,' Muhammad Khan, SuperQ Quantum Computing's chair and chief executive officer, said in a statement. 'Our Super platform is the ChatGPT for this industry, empowering businesses to harness quantum advantage without needing specialized training. We are thrilled to partner with Economic Development Lethbridge to make quantum and supercomputing accessible to every business and individual in Alberta and beyond.' 'Alberta tech is booming. From Lethbridge and Medicine Hat to Grande Prairie and Fort McMurray. The Quantum Hub is especially relevant for industries with complex decision-making like agriculture, transportation, manufacturing, finance and post-secondary or STEM education, offering hands-on exposure to emerging technology,' commented Nate Glubish, Alberta's Minister of Technology and Innovation. 'Lethbridge is now home to the world's first Quantum Super Hub, giving local companies a competitive edge by unlocking powerful computing capabilities that were previously accessible only to large tech centers or research labs,' added Renae Barlow, vice president of entrepreneurship and innovation at Economic Development Lethbridge. About SuperQ Quantum Computing SuperQ is a global quantum and supercomputing company building tools for industry, research and education. SuperQ Quantum Computing stock (CSE:QBTQ) last traded at C$0.82. Join the discussion: Find out what everybody's saying about this quantum computing stock on the SuperQ Quantum Computing Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards.
Yahoo
22-06-2025
- Business
- Yahoo
Quantum Super Hub: Meet the ChatGPT of quantum computing unveiled in Canada
In a bold step toward making quantum computing accessible enough to solve everyday problems, the Canadian city of Lethbridge has launched a first-of-its-kind community-based Quantum Super Hub. This new facility is being hailed as the 'ChatGPT of quantum computing'. Similar to how ChatGPT made AI easy to use, the new hub brings the power of quantum computing and other high-powered tools like AI and GPUs within reach of local businesses, students, and researchers. "By anchoring Canada's first Super Hub at Tecconnect, we're giving local innovators the tools to solve global problems—from agri-tech to logistics—with computing power once thought to be years away," said Renae Barlow, vice president of Economic Development Lethbridge (EDL), a not-for-profit organization involved in the development of Quantum Super Hub,. The main highlight of the quantum super hub is that anyone can describe a problem in plain language, and the system automatically decides whether to solve it using quantum computing, AI, or traditional supercomputers. 'The whole value proposition for the super platform is that it leverages a combination of classical and quantum hardware. It uses Nvidia GPUs, it uses quantum parts, it uses gate-based quantum machines, it uses classical CPUs, and GPUs. It figures out how to best solve the problem using a combination of these architectures," said Muhammad Khan, CEO of SuperQ Quantum Computing, the company that developed the hub. The development is being seen as a major leap as quantum computers, while powerful, have traditionally been out of reach for most people and companies. This is because they require expensive lab setups, highly trained quantum scientists, and complex programming skills. What the Super Quantum Hub does differently is simplify the user experience while intelligently picking the right computing strategy—sometimes quantum, sometimes classical, often both. It's this combination that makes it powerful and accessible. On top of the tech, a formidable support system has been put in place to help users. According to the SuperQ team, local businesses can get help at every step—from identifying key problems to testing solutions and receiving training. Moreover, workshops, pilot programs, and various other opportunities from the University of Lethbridge and Lethbridge Polytechnic are being offered to make sure people, researchers, and businesses benefit from the hub. "There are going to be students coming from the University of Lethbridge and Lethbridge Polytechnic who are going to have the opportunity to immerse a little further in these technologies, and also, there's new initiatives propping up as we move forward. Even the access for researchers is a very exciting proposition with the hub being open now," Eyren Uggenti, who leads professional services at SuperQ, added. The implications of this new hub are huge. Until now, quantum computing has been a distant dream for most industries. With this new model, companies in fields like precision agriculture, agri-tech, logistics, manufacturing, and finance can actually use quantum-level power to solve problems that are too complex or time-consuming. For instance, they can model climate risk in real time, simulate complex supply chains, or optimize energy use in manufacturing processes. Additionally, quantum hardware remains expensive and specialized. This is why the new hybrid model, where quantum is used only when needed, proves important. It allows industries to start benefiting from quantum power today without waiting for the technology to fully mature. Looking ahead, if the Lethbridge Super Quantum Hub proves successful, SuperQ plans to expand, with the next hub expected to open in the United Arab Emirates. The hope is that this model will unlock access to quantum computing worldwide.
