Monday, February 8, 2021

IBM shutters female blockchain team

I posted in April 2018
I have criticized IBM for over-hyping the potential for quantum computing and related technologies, but what it is doing with the Bitcoin blockchain is even worse. reports:

In the male-dominated world of cryptocurrency, IBM is going against the grain. The company's 1,500 member blockchain team is led by Bridget van Kralingen, senior vice president of global industries, platforms and blockchain.

The IBM CEO was a women, and so was most of the blockchain management.

It was all a scam. Coindesk reports:

IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation.

Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fĂȘted technology by 90% this year, according to one of the sources.

“IBM is doing a major reorganization,” said a source at a startup that has been interviewing former IBM blockchain staffers. “There is not really going to be a blockchain team any longer. Most of the blockchain people at IBM have left.”

How long before another reorganization shuts down the quantum computing research?

Maybe not for a couple of more years. It is hyping its latest advance:

As much as quantum computers have improved, they’re far from taking the reins from conventional computers in some situations. IBM might have made them more practical, however. The tech pioneer has found a way to combine a new program execution environment, Qiskit, with a balance of “classical” and quantum computing to deliver a 100 times speedup for tasks that depend on iterative circuit execution. Computations that take months now will take mere hours, IBM said. ...

IBM expects to release Qiskit sometime in 2021. Its roadmap also has quantum systems handling a wider range of circuits, and thus a wider range of computing challenges, by 2022. New control systems and libraries in 2023 will help IBM reach its goal of running systems with 1,000 or more qubits, taking the company closer to a “quantum advantage” where the technology can handle at least some tasks more efficiently or cost-effectively than traditional hardware.

I don't understand this, but it appears that there is still no quantum advantage on any real problem, so what is the point?

The decline of IBM is sad. Amazon just reported $100B in sales for the quarter, with the computer server services boss being promoted to CEO. IBM once owned the market for computer server services, and now it is declining while the other players are growing rapidly.

1 comment:

  1. I've never understood how anyone can claim to be against sexism, and then hire people merely because of their gender... and then imply that sexist hiring practices are actually a good thing, long as the right intersectional theory victimhood box is checked.

    Skills and merit are now considered secondary to how pathetic one can appear on a list of grievances.

    This will not end well.