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Urban Clouds

๐Ÿ‘‰ Issue #20 of QX Snapshots is out !




If you are interested in emerging technologies and you like what you read, consider subscribing to our newsletter on LinkedIn ! Every Friday we share key snapshot news on AI, Quantum Technologies, Industrial Metaverse and Enterprise Blockchain/DLT.


๐ŸŽ† [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] No Quantum Leap Yet But Breakthrough May Pave Way for Reliable Quantum Computers. Microsoft researchers claim to have made a significant advance towards developing reliable quantum computers, an area currently limited by high error rates. The team has devised a new way to represent a logical qubit.


โ–ถ [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] South Korea to Invest $2.33 Billion in Quantum by 2035.


๐Ÿค– [๐€๐ˆ] Rekaโ€™s custom AI models for the enterprise. Reka, a new venture from researchers from DeepMind, Google, Baidu, and Meta researchers, has launched with $58 million in funding, seeking to make large language models (LLMs) like GPT-4 more accessible and practical for specific use cases. The company's first product, Yasa, is a multimodal AI "assistant" trained to understand text, images, videos, and tabular data.


โ–ถ [๐€๐ˆ] Inflection AI Raises $1.3 Billion.


โ›“ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] EU Launch of European Digital Infrastructure Consortium. The European Union has launched the European Digital Infrastructure Consortium (EDIC) to drive blockchain policy and compete with similar initiatives in China. Initial integration will be with public apps dealing with wallets, digital identities, licenses, and supply chain tracking. Plans also include enabling private applications to build on the EU blockchain


โ–ถ [๐‚๐๐ƒ๐‚] Swiss central bank announces plans for wholesale CBDC pilot.


๐Ÿ’ป [๐Œ๐ž๐ญ๐š๐ฏ๐ž๐ซ๐ฌ๐ž] Shanghai Reveals Metaverse Masterplan. Shanghai, China's financial capital, aims to develop its culture and tourism metaverse projects into an industry generating an annual revenue of 50 billion yuan (US$6.9 billion) by 2025. Leveraging immersive technologies, the city plans to enhance its cultural and tourism offerings, with the ambition of becoming a global leader in digital innovation.


โ–ถ [๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ž๐œ๐ก] 'World First' by Beaming 4G LTE Signal from Space to Earth. AST SpaceMobile, a Texas-based company, has successfully transmitted a 4G LTE signal from space that was picked up by regular smartphones, marking a "world first. The company itโ€™s not the only one looking to send data down from space โ€” Lynk Global managed to send text messages via satellite in 2020, and Amazonโ€™s satellite-based internet Project Kuiper will send up to 83 satellites into low Earth orbit starting in 2024.


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