U.S. Senate Passes Innovation Act to Support U.S. Semiconductor Manufacturing Sector

The Israel Innovation Authority and the Israel Ministry of Defense (IMOD) recently announced a $62 million USD collaborative effort to establish a domestic quantum computing (QC) infrastructure. The two-pronged approach calls for the Israel Innovation Authority, part of Israel's Ministry of Economy charged with fostering domestic industrial R&D, to focus on developing QC algorithms, applications, and a related software stack to support both on-premises or cloud QC access models. For its part, the IMOD will stand up a national center to develop a complete quantum computer including a quantum processor expected to consist of 30-40 qubits, quantum control capabilities, and I/O interfacing hardware.

In an announcement made in December, 2021, Verusen, a startup specializing in leveraging AI resources to support global supply chains, detailed a recently formed partnership with Machine Compare, a supplier of one of the world's largest databases for machinery and leading B2B marketplace for buyers and sellers of industrial spare parts. The partnership is aimed at enhancing the customer experience, limiting risk, reducing waste, and helping companies conduct materials management and commerce in a new and efficient way. Verusen founder and CEO Paul Noble explains the partnership is targeted to resolve a painful and wasteful process and will ultimately allow manufacturers to realize a whole new level of sustainability. For his part, Machine Compare CEO Ben Findlay is looking for a reduction in downtime, stockouts, and costs. Furthermore, the burdens lifted by the Verusen AI capabilities are targeted to reduce the amount of manpower committed to time-consuming, reactive tasks, allowing for a more proactive and long-term management of goals.