Israel's Quantum Machines partners with Alice & Bob in Paris quantum lab
Alice & Bob is building the $50 million lab and Quantum Machines, whose hardware and software platform aims to accelerate the realization of practical quantum computers, will equip the lab along with Bluefors, a maker of cryogenic measurement systems in quantum technology.
The new lab will enable Alice & Bob's next-generation quantum chip series - Lithium, Beryllium and Graphene. This development hub will be funded by the company's recent $103 million private funding round.
Alice & Bob was founded in 2020 and specialises in the field of quantum computing. Quantum Machines said in February it had raised $170 million in mid-stage funding.
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Times
11 minutes ago
- Times
How the French have clung on to their August holiday shutdown
With Parisians out of town and the streets abandoned to tourists, François Bayrou is cutting a lonely figure this week on the first floor of the near-empty Hôtel de Matignon, the Left Bank residence of the prime minister. Bayrou, 74, said he is making a point: France's economic woes, driven by soaring state debt, are too grave for him to leave his desk and join the great August exodus. He says it is time for the French to realise they must work harder. In the midst of la torpeur estivale, the period of high summer shutdown that involves 40 per cent of businesses being closed, Bayrou's gesture has prompted mockery. Faithful to tradition, Emmanuel and Brigitte Macron are resting at Fort de Brégançon, the presidential retreat on the Mediterranean. Around the coasts and inland, ministers are at their secondary residences, deep into what they invariably call 'vacances studieuses' [studious holidays], preparing for 'la rentrée', the great return to work, later in the month. Bayrou, who is also mayor of the town of Pau, has pleaded with the French to wake up to the debt-driven disaster that he says will befall the country within weeks if they fail to heed his call for belt-tightening and longer working hours. He is trying to get their attention with a series of YouTube videos, but his odd mid-holiday homilies, in which he wears a white shirt and dark tie in his book-lined Paris office, have fallen on deaf ears. On beaches, campsites and booming 'green holiday' villages, his claim that 'never has France found itself in such a great crisis and such political difficulty' is coming over as an affront to the holidaymaker's primary duty: 'se ressourcer' [recharging the batteries]. Among changes, Bayrou said he aims to scrap two bank holidays. 'Who is going to listen to that old boomer banging on?' was a typical comment in a village store in the sun-scorched Cévennes hills this week. Recharging has been at the heart of the French devotion to the summer break since the creation of two weeks of paid leave for all workers in 1936. The great getaway reached a peak in the late 20th century after the congés payés, or paid holidays, were expanded to five weeks in 1982, and the ritual has persisted. Efforts by businesses and governments to persuade people to stagger breaks and reduce their summer vacation have had some impact. The average summer holiday is down to two weeks and nearly 40 per cent are now juilletistes (July people) compared with 60 per cent aoûtiens, those who prefer August. This week, Assumption Day on August 15 marks the peak of the annual slowdown, with more than 55 per cent of the population away from home. Nearly 70 per cent are staying in France, which is understandable given that the country's enviable attractions make it the world's biggest destination for foreign tourists. The Germans, British and other northern neighbours enjoy about the same annual leave but take shorter summer breaks and more often abroad. The Italians, Spanish and other southern Europeans share France's summer heat exodus but not the extent of its switch-off. The shutdown affects smaller factories, shops and services except businesses serving tourists. These are in Paris and other visitor haunts, mainly on the coasts and the south. • A local's guide to the perfect summer day in Marseille From Paris through to the provinces, streets are quiet, and 'annual closure' signs are displayed in the windows of bakeries, cafés and shops. Traffic is light and state services such as post offices and job centres are near empty. Experts argue that the slowdown damages the economy given the higher summer output of neighbouring countries, but others claim that the tradition of long summer holidays boosts productivity because of the benefits to mental and physical health. Recent laws, such as the 2017 'right to disconnect' from work communications, are part of this thinking. With a rapid rise in workers suffering from burnout, some experts are worrying whether the French, who already spend less time at work than other Europeans, need to take more holiday, not less. 'Three weeks of holiday are not always enough to recharge the batteries,' said a headline in Le Point news magazine. The prime minister said this week that he is losing patience with his compatriots' notion of the work-life balance. Talking of his call for public suggestions on which bank holidays to scrap, he told Le Figaro newspaper: 'I laugh when people propose August 15 — in other words, the only one when everyone is already on holiday.'
The Independent
3 hours ago
- The Independent
Swarm of jellyfish shuts down nuclear power station
A nuclear power station in Gravelines, northern France, temporarily shut down after a large swarm of jellyfish infiltrated its cooling system. Four reactors automatically shut off on Sunday, with the entire plant remaining offline by Tuesday morning due to the jellyfish and planned maintenance. Energy group EDF confirmed the incident did not compromise the safety of the facilities, staff, or the environment, as the jellyfish were found in a non-nuclear part of the site. The plant is expected to gradually come back online throughout the week, with the first reactor restarting on Tuesday. Scientists warn that such incidents may become more frequent due to rising global temperatures, which lead to warmer waters and increased jellyfish breeding, as well as the introduction of invasive species.
Telegraph
3 hours ago
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A reliance on capricious foreign investors has left Britain on a knife edge
As the Chancellor, Rachel Reeves, will only too painfully be aware, the UK Government pays more for long-term money than almost any other advanced economy. More than the US, where Donald Trump is giving a whole new meaning to the term 'fiscal profligacy'; significantly more than France and Italy, both of which have higher debt burdens than the UK and arguably bigger fiscal challenges; and almost unbelievably, bigger even than one-time economic basket case Greece. With her 'non-negotiable' fiscal rules, Reeves claims to be restoring stability to the public finances. But it is far from evident in the nation's debt-servicing costs, which are expected to reach a jaw-dropping £111.2bn this financial year, and have become a major part of the UK's wider fiscal problem. Why are we paying more than others? Growing credit risk is one obvious explanation – investors are simply not convinced by Reeves's promise of fiscal discipline. The Chancellor raised spending by £70bn in her first Budget last October, but only half of that was met by increased taxes. The rest came from higher borrowing. What's since become clear, moreover, is that she is going to have to tax and borrow even more to honour the Government's growing list of spending commitments. Already markets are suffering from acute indigestion, and fear the worst from the next Budget in a couple of months time. The other part of the explanation is higher and more persistent inflation than elsewhere. These higher inflationary expectations are reflected in elevated interest rates and therefore debt-servicing costs. Britain has a bigger proportion in its overall sovereign debt profile of index-linked gilts than any other advanced economy. The higher the inflation rate, the greater the cost.
