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First IBM Quantum Data Center in Europe Opens; Will Include IBM’s Most Performant Quantum Systems

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Expansion of IBM’s utility-scale fleet of quantum computers in Ehningen, Germany is marked with ribbon-cutting by German Chancellor Olaf Scholz and industry leaders.
New IBM quantum data center in Europe will soon include IBM Quantum Heron-based system with reduced error rates, 16 times better performance and a 25-fold increase in speed over 2022 IBM Quantum systems.
European-based enterprises and research institutions including Crédit Mutuel, Bosch, E.ON, Volkswagen Group, and Ikerbasque are accessing IBM global quantum fleet in quest to advance quantum algorithm discovery. 
EHNINGEN, Germany, Oct. 1, 2024 /PRNewswire/ — Alongside German Chancellor Olaf Scholz, senior European government officials and European-based global enterprises, IBM (NYSE: IBM) today unveiled the first IBM Quantum Data Center located outside of the United States. It is the company’s second quantum data center in the world and marks a significant expansion of its fleet of advanced, utility-scale quantum systems available to global users via the cloud.

Now online in Ehningen, Germany, Europe’s first IBM Quantum Data Center includes two new utility-scale, IBM Quantum Eagle-based systems, and will soon feature a new IBM Quantum Heron-based system. These systems are capable of performing computations beyond the brute-force simulation capabilities of classical computers.
First introduced late last year, IBM Heron is the company’s most performant quantum chip yet, and advances the company’s mission of bringing useful quantum computing to the world by enabling users to increase the complexity of algorithms they are exploring on real quantum hardware.
When the IBM Heron-based system is made available at the IBM Quantum Data Center in Europe, it will be the third IBM Heron installed across IBM’s fleet of quantum systems that can be accessed by the company’s global quantum network of more than 250 enterprises, universities, research institutions, and organizations. IBM Heron offers up to a 16-fold increase in performance and 25-fold increase in speed over previous IBM quantum computers as they were measured two years ago.
When it is deployed alongside the now-available utility-scale systems installed in the new IBM Quantum Data Center, the IBM Heron-based system will expand the more than a dozen quantum computers IBM currently offers through the cloud – the largest fleet of its kind in the world.
The opening of the new quantum data center was celebrated at a ribbon-cutting event attended by senior government officials, including German Chancellor Olaf Scholz and Dr. Nicole Hoffmeister-Kraut, Minister for Economic Affairs, Labour, and Tourism, State of Baden-Württemberg. IBM CEO and Chairman Arvind Krishna gave remarks alongside Chancellor Scholz, and the Chancellor also spoke at length with IBM leaders including Dario Gil, IBM Senior Vice President and Director of Research; Ana Paula Assis, General Manager of IBM EMEA; Jay Gambetta, Vice President of IBM Quantum; and IBM Quantum’s German-based team about the importance of quantum computing’s adoption and growth in the region.
Additionally, the landmark moment was attended by several senior leaders of European-based global enterprises, including Crédit Mutuel, Bosch, E.ON, Volkswagen Group, and others, as well as research institutions such as Ikerbasque in Spain and Fraunhofer-Gesellschaft. These organizations are among the more than 80 European-based organizations within the IBM Quantum Network, many of which have the opportunity to access the systems within the IBM Quantum Data Center in Europe to search for the algorithms and applications of quantum computing that could solve some of the most complex challenges across their industries.
“The opening of the IBM Quantum Data Center in Ehningen is good news for Germany. It will serve as a location for innovation and business growth, and is an expression of investors’ confidence in the German market. IBM enriches the German quantum computing landscape with this new data center. The German government is providing targeted support for the development of quantum technologies. It is thereby driving forward the development of competencies and capacities in quantum computing in order to promote a robust ecosystem around the development of quantum computers,” said Olaf Scholz, Chancellor of the Federal Republic of Germany.
“The opening of our first IBM Quantum Data Center in Europe marks a pivotal moment for the region’s technological development, demonstrates our commitment to Europe, and underscores the key role of collaboration with industry, academia and policymakers for a pan-European quantum ecosystem. This state-of-the-art facility will foster innovation around quantum computing, creating new opportunities for talent attraction and ensuring that Europe remains at the forefront of global technological advancements,” said Ana Paula Assis, General Manager and Chairman of IBM Europe, Middle East and Africa.
“Our collaboration with IBM for the ‘scaling’ phase of quantum computing is progressing according to plan. We are working to develop concrete applications that improve the experience of our customer and members, and create value for the Group’s businesses,” said Frantz Rublé, President of Euro-Information and Deputy Chief Executive Officer of Crédit Mutuel Alliance Fédérale. “The availability of this quantum data center on European soil addresses our constraints in terms of processing proximity and Crédit Mutuel’s approach to regulatory compliance. And it also means we can look forward to the next stages of the quantum project with confidence at Crédit Mutuel, CIC and then at Targobank.”
“We believe that enabling our scientists and engineers to tackle demanding problems in materials sciences, high-energy physics, and biosciences through quantum computing, and providing state-of-the-art quantum computing access will be key to make disruptive progress in all those disciplines,” said Javier Aizpurua, Ikerbasque professor, Donostia International Physics Center (DIPC) and director of BasQ. “A combined use of quantum computing, AI, and data science, if generalized, will give rise to a scenario of new possibilities not only in fundamental research but also in industrial innovation.”
“Bosch aims to drive innovation in the field of material simulation using quantum computing. In partnership with IBM Quantum, our team is creating scalable algorithms that aim to revolutionize product development. This includes the creation of new materials for sustainable, carbon-free mobility and the reduction of rare earth elements,” said Dr. Thomas Kropf, President of Corporate Sector Research and Advance Engineering, Robert Bosch GmbH. “The European IBM Quantum Data Center allows us to run quantum calculations in close proximity, supporting Bosch’s approach to compliance with European data protection regulations. This accelerates our research and development efforts and bolsters the European quantum ecosystem, paving the way for advancements in mobility, healthcare, and sustainable technologies.”
“E.ON is investigating quantum computing to tackle energy transition challenges, including large-scale optimization, complex scenario modeling, and quantum machine learning. IBM’s first European Quantum Data Center’s location is also helpful for EU/German public funding opportunities, which may be available for local access to quantum computational resources and on-site expertise. This milestone underscores Europe’s and Germany’s leadership in quantum computing and marks a significant advancement in propelling enterprises into the quantum era,” said Chris d’Arcy, Managing Director, E.ON Digital Technology GmbH and Chief Data and AI Officer.
“Quantum computing can be the next big thing to solve problems in material science, traffic optimization, or deep learning, that may change the world. IBM’s Quantum Data Center in Europe provides access to their unique quantum infrastructure and thus, represents an indispensable another piece of the bridge between quantum computers and industrial application at scale. We are proud to be part of that journey to utilize quantum computing for the transformation into future sustainable and smart mobility,” said Dr. Nikolai Ardey, Executive Director, Volkswagen Group Innovation.
“Algorithmiq is pioneering the integration of quantum computing, artificial intelligence (AI), and network science to solve the world’s most complex problems in chemistry, healthcare and life sciences. To accomplish this, we need algorithms and scale. This is why we’ve partnered with IBM on both counts: our groundbreaking error mitigation algorithm, TEM, available through the Qiskit Functions Catalog, is proven to be optimal in extending the scale and accuracy of quantum simulations. And now, with more IBM quantum systems available in Europe, we’re excited to further strengthen our ties in Europe and partner with an even larger ecosystem of industries, organizations, developers, and scientists to demonstrate TEM’s utility — and progress toward quantum advantage,” said Sabrina Maniscalco, CEO of Algorithmiq.
IBM recently published evidence that Qiskit is the world’s leading and most performant quantum software. Together with access to IBM’s advanced quantum hardware, IBM’s ecosystem of users across Europe and globally can access tools and systems that can help them to more easily advance the discovery of algorithms that could open the doorway to useful quantum computing and reach quantum advantage: the point at which a quantum computer can solve a practical problem better than any classical method.
The IBM Quantum Data Center in Europe can be accessed through the IBM Quantum Platform, continuing IBM’s mission to enable the development of quantum computing use cases and to support clients as they press forward with algorithm discovery in the era of quantum utility, and towards quantum advantage.
About IBM
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s commitment to trust, transparency, responsibility, inclusivity and service. For more information, visit www.ibm.com.
Media Contact: Erin [email protected] 
 
 
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Nomination Committee for the ASSA ABLOY 2025 Annual General Meeting

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October 11, 2024

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STOCKHOLM, Oct. 11, 2024 /PRNewswire/ — The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:

– Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
– Mikael Ekdahl, Melker Schörling AB
– Marianne Nilsson, Swedbank Robur Fonder
– Yvonne Sörberg, Handelsbanken Fonder
– Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee.
The Annual General Meeting will be held on 23 April 2025, in Stockholm, Sweden.
Shareholders who wish to submit proposals to the Nomination Committee should send an email to [email protected].
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/nomination-committee-for-the-assa-abloy-2025-annual-general-meeting,c4050379
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https://mb.cision.com/Main/7333/4050379/3050532.pdf
Press release (PDF)
 

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AI in Social Media Market worth $10.33 billion by 2029- Exclusive Report by MarketsandMarkets™

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October 11, 2024

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DELRAY BEACH, Fla., Oct. 11, 2024 /PRNewswire/ — The AI in Social Media Market is projected to grow from USD 2.20 billion in 2024 to USD 10.33 billion by 2029, at a compound annual growth rate (CAGR) of 36.2% during the forecast period, according to a new report by MarketsandMarkets™. The market is expected to grow due to the rise in the need for more personalized user experiences, optimized advertising, and automated customer service.

Browse in-depth TOC on “AI in Social Media Market”
315 – Tables 63 – Figures320 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019-2029
Base year considered
2023
Forecast period
2024-2029
Forecast units
USD (billion)
Segments Covered
Product type, Use case, End user, and Region
Geographics covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
Major vendors in the global AI in Social Media Market are Google (US), Meta (US), IBM (US), Sprout Social (US), Sprinklr (US), AWS (US), LivePerson (US), HubSpot (US), Microsoft (US), Adobe (US), Baidu (China), OpenAI (US), Hootsuite (US), Qualtrics (US), Brandwatch (UK), Converseon (US), Meltwater (US), Quid (US), Digimind (France), CreatorIQ (US), Aspire.io (US), Lately.AI (US), SocialPilot (US), Copy.ai (US), Flick (UK), Dash Hudson (US), Jasper (US), Upfluence (US), Ocoya (Lithuania), Upgrow (US), StoryChief (Belgium), Genius.AI (UAE), ContentStudio (US), Emplifi (US), Lumen5 (US), Buffer (US), Narrato (India), Mentionlytics (UK), Kapwing (US), Predis.AI (India), Pictory (US), Midjourney (US), and Synthesia (UK).
The major factors driving the market growth of AI in Social Media Market include the introduction of AI-powered deepfake detection in social media to identify and flag altered content. Social platforms are increasingly relying on advanced AI algorithms to detect and flag manipulated videos, images, and audio, addressing growing concerns about misinformation, fraud, and digital deception. Growth in Gen AI-based content creation tools enables brands to create captivating and unique content. These tools empower brands to effortlessly create captivating, unique content at scale, allowing personalized engagement with audiences. The rising demand for highly personalized content and recommendations tailored to user preferences and behavior are shaping the social media market. This personalization boosts user satisfaction, fosters stronger engagement, and increases time spent on platforms, benefiting users and advertisers. Improved collaboration between influencers and brands is boosting the effectiveness of influencer marketing campaigns with AI. AI tools help brands and influencers to better understand the audiences by analyzing data like preferences, behaviors, and trends. This helps both brands and influencers grow their reach and engagement which makes influencer marketing campaigns successful.
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Advent of Gen AI-based content creation tools enables brands to create captivating and unique content.
The rise of gen AI-based content creation tools has transformed social media by empowering brands to create unique content. These tools are powered by advanced language models, enable automated text generation, images, and videos that cover target audiences, and maintain a dynamic presence on platforms. The utilization of gen AI across sectors such as entertainment, healthcare, and marketing agencies is transforming content creation and customer engagement. Gen AI also simplifies content production workflow, reducing time and cost related to traditional content creation methods.  Global tech giants are investing heavily in AI technologies to improve user experience, enhance advertising effectiveness, and gain competitive advantages in the AI in social media market.
By Product type, the influencer marketing segment registers for the fastest growing market during the forecast period.
By automating and optimizing influencer marketing, AI social media tools enable brands to make data-driven decisions, reach relevant audiences, and ensure their campaigns are more effective and cost-efficient. AI-based social media tools in influencer marketing assist brands in detecting fraudulent influencers, which can improve the ROI, increase sales, and improve the brand’s reputation. For instance, AI content tools like Lumen5, Canva, Jasper, and Midjourney are major tools for improving influencer marketing strategies by crafting high-quality content.
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By region, Asia Pacific to register the highest CAGR market during the forecast period.
 Asia Pacific is a rapidly growing region for AI in social media, compelled by high mobile and internet penetration rates and a young, tech-savvy population. Countries like China, India, Japan, and South Korea are leading the adoption, with social media platforms being central to the region’s social media ecosystem. With the vast amount of content generated in diverse languages, AI in social media is used for content moderation, language translation, and understanding user-generated content, specifically across China and India.
Top Key Companies in AI in Social Media Market:
Some major players in the AI in Social Media Market include Google (US), Meta (US), IBM (US), Sprout Social (US), Sprinklr (US), AWS (US), LivePerson (US), HubSpot (US), Microsoft (US), Adobe (US), Baidu (China), OpenAI (US), Hootsuite (US), Qualtrics (US), Brandwatch (UK), Converseon (US), Meltwater (US), Quid (US), Digimind (France), CreatorIQ (US), Aspire.io (US), Lately.AI (US), SocialPilot (US), Copy.ai (US), Flick (UK), Dash Hudson (US), Jasper (US), Upfluence (US), Ocoya (Lithuania), Upgrow (US), StoryChief (Belgium), Genius.AI (UAE), ContentStudio (US), Emplifi (US), Lumen5 (US), Buffer (US), Narrato (India), Mentionlytics (UK), Kapwing (US), Predis.AI (India), Pictory (US), Midjourney (US), and Synthesia (UK).
Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting
Related Reports:
AI as a Service Market – Global Forecast to 2029
AI Governance Market- Global Forecast to 2029
AI Image Generator Market- Global Forecast to 2030
Natural Language Understanding Market- Global Forecast to 2029
Large Language Model Market- Global Forecast to 2030
Get access to the latest updates on AI in Social Media Companies and AI in Social Media Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
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NTT DATA signs agreement to acquire Aoop and will become a leader in ServiceNow solutions in Latin America

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14 hours ago

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October 11, 2024

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BIELEFELD, Germany and SÃO PAULO, Oct. 11, 2024 /PRNewswire/ — NTT DATA Business Solutions AG, a global unit of NTT DATA, announces that the agreement for the acquisition of Aoop, a leading ServiceNow implementation company in Brazil, has been signed. The terms of the acquisition have been finalized between the companies and will be completed following approval from the Administrative Council for Economic Defense (CADE). Founded in 2017, Aoop supports customers across various industries and is a specialist in the acceleration of automated digital strategies. With Aoop, NTT DATA will expand its operations in the Latin American ServiceNow solutions market, complementing a recent acquisition in the UK focused on strengthening this offering in Europe and the United States.

“With the acquisition of Aoop, we significantly increase our competitive strength in Brazil by offering both SAP and ServiceNow solutions, positioning us alongside market leaders,” says Norbert Rotter, CEO, NTT DATA Business Solutions. “This move will not only secure us a leading position in the fast-growing ServiceNow ecosystem but will also integrates a company with a strong market presence and solid financials to NTT DATA. It will be a significant step in driving our strategic objectives, strengthening our partnership with ServiceNow and our commitment to establishing a Center of Excellence in the region.”
Ricardo Fachin, Managing Director of NTT DATA Business Solutions Brazil adds: “The acquisition of Aoop will solidify our leading position in the Brazilian market. It will enhance synergies with our other Latin American and U.S. operations, accelerating our regional growth. As part of ServiceNow’s global strategy, Brazil will become a significant shoring center for the group. Aoop’s comprehensive portfolio, covering all ServiceNow verticals, will benefit all NTT DATA customers.”
With a strategy focused on driving the future of organizations and providing full lifecycle services, Aoop has completed around 2,500 digital transformation projects and has over 300 professionals certified on ServiceNow solutions. This expertise has led the company to become a ServiceNow Elite Partner in record time. The continuous commitment to excellence and the delivery of innovative solutions have established Aoop as a market reference, integrating intelligent efficiency throughout the entire production chain.
“Aoop leads the ServiceNow market in Brazil. Our integration with NTT DATA Business Solutions will allow us to further expand our solution offerings to existing customers, access new opportunities for joint solutions with SAP customers and accelerate our international expansion,” says Luiz Cesar Baptistella, CEO and founder of Aoop.
The acquisition of Aoop will add 120 customers to the portfolio of NTT DATA Business Solutions, which has been operating in Brazil for 25 years. Aoop will become a subsidiary of NTT DATA Business Solutions – Servicos de Tecnologia Ltda. in Brazil and will operate as an independent company after the acquisition, using the brand name “Aoop, an NTT DATA Company”.
For more information visit nttdata-solutions.com.
About NTT DATA Business Solutions
NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 15,300 dedicated employees in over 30 countries work passionately every day to make it happen.
NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.
Press Contact NTT DATA Business Solutions
Local
Global
Sofia Baldessar
Sales Operation Director
NTT DATA Business Solutions –
Servicos de Tecnologia Ltda.
1440 Visconde de Nacar Street –
13th floor Curitiba, Paraná, Brazil
T: +55 41 988658826
Email: [email protected]
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld, Germany
T: +49 521 9 14 48 108
Email: [email protected]

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