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Saudi Researchers Use Quantum Computing To Design More Efficient Airplanes

To build its quantum expertise, KAUST has partnered with Zapata Computing, a quantum software company based in Boston, Massachusetts.

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saudi researchers use quantum computing to design more efficient airplanes
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It’s estimated that air travel produces roughly two percent of all greenhouse gas emissions. That alone is a good enough reason to explore innovative designs and create more efficient airplanes, but there’s also the fact that airlines operate on very slim margins, so every bit of fuel they manage to save can go a long way in helping them make more profit.

While computers have been helping engineers and designers optimize the aerodynamic properties of airplanes for decades, researchers at King Abdullah University of Science and Technology (KAUST) are the first to explore the absolute cutting edge of what is currently possible in science and engineering by using quantum computing.

Unlike regular computers, which can, at the most fundamental level, represent only two states using transistors (0 = off, 1 = on), quantum computers can be in a 1 or 0 quantum state, or in a superposition of the 1 and 0 state, which essentially means that they can be on and off at the same time. This allows them to represent all possible system states simultaneously, massively speeding up certain specialized computations.

To build its quantum expertise, KAUST has partnered with Zapata Computing, a quantum software company based in Boston, Massachusetts. Zapata will provide its Orquestra toolset, which promises to greatly simplify the process of conducting research in quantum computing.

Also Read: Turkish Healthcare Startup Uses Nanotech To Destroy Tumors

“Quantum computing is still very novel, but it’s going to be a truly disruptive technology that will provide enormous cross-industry opportunities,” said Matteo Parsani, Assistant Professor of Applied Mathematics and Computational Science at KAUST. “Building a knowledge base of quantum expertise at KAUST in the interdisciplinary field of computational fluid dynamics can only be a good thing both for the university and for the Kingdom.”

The potential of quantum computing to accelerate progress the same way traditional computers have is truly immense, but the technology is still in its infancy, and it may take researchers some time to produce useful results. Hopefully, the team at KAUST will be able to design more efficient airplanes taking us further in a cleaner fashion.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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