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.The IBM CEO was a women, and so was most of the blockchain management.
CNBC.com 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.
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.How long before another reorganization shuts down the quantum computing research?
Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fêted 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.”
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. ...I don't understand this, but it appears that there is still no quantum advantage on any real problem, so what is the point?
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.
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.