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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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du Considers Adding Crypto & Investment Tools To New Service

The company plans to bridge gaps in one of the financial market’s most underserved demographics, according to its CEO.

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du considers adding crypto and investment tools to new service

The Emirates Integrated Telecommunications Company, better known as Dubai-based du, is contemplating incorporating cryptocurrency and investment tools into its recently launched financial technology platform, according to CEO Nicolas Levi.

According to Levi, the potential enhancements would enable improved portfolio management for investors. The new tools and features would be realized through future partnerships while continuing to adhere to strict UAE regulations.

“Cryptocurrencies are being used as an investment. Will we have an investment product one day potentially? I’m not saying no to that. Will we use crypto for our own transactions? There are some plans with the [UAE] central bank to work on that,” Levi said in a recent interview.

The UAE Central Bank does not currently recognize cryptocurrencies as legal tender. However, the regulator began implementing its own form of digital currency back in March 2023, known as Digital Dirham. Additionally, the UAE Central Bank’s endorsement of legitimate crypto enterprises for banking services underscores the Emirates’ commitment to addressing real-world financial needs.

Also Read: Lebanese Newspaper Builds AI President To Beat Political Crisis

du Pay, the company’s inaugural venture into the FinTech sector, had a soft launch earlier this month after UAE Central Bank authorization. Offering an array of financial services like domestic and international transfers, bill payments, recharges, and salary receipts through a unique IBAN, du Pay marks a significant strategic move by the telecom firm into the digital finance space.

The rising trend of mobile-based financial services in the UAE, including digital wallets and online payments, mirrors global trends. Statista projects the digital payments market to balloon to $16.7 trillion by 2028, at a CAGR exceeding 9.5% from 2024’s estimated $11.53 trillion.

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