Connect with us

International

First European exascale supercomputer coming to Jülich

The computer, which will bear the name JUPITER (short for “Joint Undertaking Pioneer for Innovative and Transformative Exascale Research”), will be…

Published

on

The computer, which will bear the name JUPITER (short for “Joint Undertaking Pioneer for Innovative and Transformative Exascale Research”), will be installed as of 2023 in a specially designed building on the campus of Forschungszentrum Jülich. It is intended that the system will be operated by the Jülich Supercomputing Centre (JSC), whose supercomputers JUWELS and JURECA currently rank among the most powerful in the world. JSC had participated in the application procedure for a high-end supercomputer as a member of the Gauss Centre for Supercomputing (GCS), an association of the three national supercomputing centres JSC in Jülich, High-Performance Computing Center Stuttgart (HLRS), and Leibniz Computing Centre (LRZ) in Garching. The competition was organized by the European supercomputing initiative EuroHPC JU, which was formed by the European Union together with European countries and private companies.

Credit: Forschungszentrum Jülich / Sascha Kreklau

The computer, which will bear the name JUPITER (short for “Joint Undertaking Pioneer for Innovative and Transformative Exascale Research”), will be installed as of 2023 in a specially designed building on the campus of Forschungszentrum Jülich. It is intended that the system will be operated by the Jülich Supercomputing Centre (JSC), whose supercomputers JUWELS and JURECA currently rank among the most powerful in the world. JSC had participated in the application procedure for a high-end supercomputer as a member of the Gauss Centre for Supercomputing (GCS), an association of the three national supercomputing centres JSC in Jülich, High-Performance Computing Center Stuttgart (HLRS), and Leibniz Computing Centre (LRZ) in Garching. The competition was organized by the European supercomputing initiative EuroHPC JU, which was formed by the European Union together with European countries and private companies.

The final decision on the location of Europe’s first exascale computer was taken yesterday by EuroHPC in Kajaani, Finland, during the inauguration of Europe’s first-ever pre-exascale computer. LUMI, the fastest supercomputer in Europe since the beginning of June, is ranked third on the current TOP500 list of the world’s most powerful supercomputers. For the first time, an exascale computer has officially been at the top of this list since May: the US supercomputer Frontier.

JUPITER is now set to become the first European supercomputer to make the leap into the exascale class. In terms of computing power, it will be more powerful than 5 million modern laptops or PCs. Just like Jülich’s current supercomputer JUWELS, JUPITER will be based on a dynamic, modular supercomputing architecture, which Forschungszentrum Jülich developed together with European and international partners in the EU’s DEEP research projects.

In a modular supercomputer, various computing modules are coupled together. This enables program parts of complex simulations to be distributed over several modules, ensuring that the various hardware properties can be optimally utilized in each case. Its modular construction also means that the system is well prepared for integrating future technologies such as quantum computing or neuromorphic modules, which emulate the neural structure of a biological brain.

In its basic configuration, JUPITER will have an enormously powerful booster module with highly efficient GPU-based computation accelerators. Massively parallel applications are accelerated by this booster in a similar way to a turbocharger, for example to calculate high-resolution climate models, develop new materials, simulate complex cell processes and energy systems, advance basic research, or train next-generation, computationally intensive machine-learning algorithms.

One major challenge is the energy that is required for such large computing power. The average power is anticipated to be up to 15 megawatts. JUPITER has been designed as a “green” supercomputer and will be powered by green electricity. The envisaged warm water cooling system should help to ensure that JUPITER achieves the highest efficiency values. At the same time, the cooling technology opens up the possibility of intelligently using the waste heat that is produced. For example, just like its predecessor system JUWELS, JUPITER is set to be connected to the new low-temperature network on the Forschungszentrum Jülich campus. Further potential applications for the waste heat from JUPITER are currently being investigated by Forschungszentrum Jülich.

Comments

Hendrik Wüst, Minister President of the State of North Rhine-Westphalia:
Forschungszentrum Jülich has once again won out with its outstanding modular supercomputing architecture: Europe’s first exascale supercomputer is coming to North Rhine-Westphalia. This is a mark of recognition for the scientific community and the overall excellence of our state. As a location, it offers comprehensive possibilities for a massive increase in system performance, right up to the integration of quantum modules in an exascale computer. The technologies that are currently being developed will shape future applications in all areas related to the simulation of highly complex systems and enable us to make even more reliable statements in crucially important fields such as climate and brain research, traffic management, and the development of evacuation scenarios for large events. This cutting-edge research in the field of supercomputing gives us every opportunity to solve the major challenges of our time. As the federal state government, we are happy to support this pioneering development.

Bettina Stark-Watzinger, Federal Minister of Education and Research:
I’m delighted that Europe’s first exascale supercomputer is coming to Germany. It will be operated in Jülich and its computing power will be equivalent to that of more than 5 million modern laptops. As the “ministry of opportunities”, we are providing 500 million euros in funding, together with the EU and the state of North Rhine-Westphalia, for this supercomputer. This is a massive investment in Germany’s research infrastructure, through which we are seeking to expand our technological sovereignty. The supercomputer will help to solve complex scientific questions and enable the analysis of huge data volumes. This helps us, for instance, with the issues of climate change, tackling the pandemic, and developing artificial intelligence. Over the next few years, we will also be launching two additional exascale supercomputers in Munich and Stuttgart in cooperation with the federal states of Bavaria and Baden-Württemberg.

Isabel Pfeiffer-Poensgen, Minister of Culture and Science of the German State of North Rhine-Westphalia:
The decision to build Europe’s first exascale computer in Jülich continues Forschungszentrum Jülich’s long-standing success in the field of supercomputing. With its supercomputers JUWELS and JURECA, Forschungszentrum Jülich today ranks among the most innovative supercomputing centres in the world. As the home of Europe’s first exascale computer, Jülich will continue to build on its leading international position. One thing is clear: modern science is now inconceivable without supercomputers. In both basic and application-oriented research, the importance of computational simulation techniques is set to further increase over the next few years. With the potential integration of quantum technologies, the exascale computer will also form a bridge to quantum computing – a major technology of the future. Forschungszentrum Jülich also plays a leading national and international role as a member of the “EIN Quantum NRW” network together with other strong partners from the university and research scene in the state of North Rhine-Westphalia (NRW).

Prof. Dr.-Ing. Wolfgang Marquardt, Chair of the Board of Directors of Forschungszentrum Jülich:
In taking the leap towards exascale computing, we are working with strong partners to retain our digital sovereignty in Germany and Europe, as well as doing our share to ensure that Germany remains a strong and progressive technological hub. JUPITER will take the scientific computing infrastructure in North Rhine-Westphalia, Germany and Europe to a new level. As part of the Helmholtz Association, Forschungszentrum Jülich will thus receive a new large-scale facility that will benefit a large user community and that was only made possible through a pan-European commitment as well as considerable support from the German Federal Government and the state of North Rhine-Westphalia for its procurement, operation, and scientific use.

Prof. Dr. Astrid Lambrecht, Member of the Board of Directors of Forschungszentrum Jülich:
Achieving the level of exascale is the next big step in the field of high-performance computing. The decision to make Jülich the home of Europe’s exascale supercomputer will help Forschungszentrum Jülich to build on its reputation as an outstanding location for supercomputing and an internationally recognized centre of development for pioneering technologies. Our aim is to offer the most powerful infrastructure in Europe that combines neuromorphic computing, supercomputing, and quantum computing, ensuring that various user groups from science and industry can learn and grow together while also benefiting from each other.

Prof. Dr. Dr. Thomas Lippert, Head of the Jülich Supercomputing Centre at Forschungszentrum Jülich:
The EuroHPC decision enables us to take this significant step towards exascale in cooperation with research and industry, scientific users and funding agencies. Immense challenges exist at various levels – both technical and financial. However, it is important to realise that we are talking about a machine from which the whole of society will benefit. From traffic optimization, autonomous driving, and environmental monitoring right up to digital twins: all these challenges are extremely calculation-intensive and are reliant on new technologies, many of which we can tap into with the modular exascale system.


Read More

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Stocks

Best Penny Stocks To Buy: 4 Short Squeeze Stocks To Watch Now

Penny stocks to buy: Here’s what short interest traders think
The post Best Penny Stocks To Buy: 4 Short Squeeze Stocks To Watch Now appeared first on…

Published

on

Penny Stocks To Buy: What To Look For

This article will discuss a handful of penny stocks to buy according to those looking for short squeeze stocks. If you’ve seen our other articles about cheap stocks with high short interest, you know that there are a lot of risks that go along with potential rewards. A quick yield means everything to traders looking to catch a short squeeze. The moves up can be legendary, but the moves lower can bring crushing blows to anyway caught on the wrong side of the trade.

The last few weeks have shown the market exactly how massive short squeezes can grow. AMTD Digital (NYSE:HKD) was the fuse that sparked the snowball effect for these trading trends. This week that continued with the latest penny stock to squeeze: Intelligent Living (NASDAQ:ILAG).

In most cases, there is very little news, if any, to act as a fundamental catalyst. With the majority of short-interest stocks, technical aspects of trading take precedence. Case in point, ILAG stock exploded 260% within about a day’s worth of time and the company didn’t release a shred of news or a single corporate filing. But it does have a tiny float and bullish momentum heading into the Monday session, which set the stage for the latest move.

Penny Stocks To Buy With High Short Interest

Does this mean all penny stocks with high short interest are destined for massive breakouts? No, and there’s usually a reason for high short interest. It usually doesn’t coincide with companies doing record revenues or experiencing ongoing growth.

Short interest grows based on traders betting the stock will fail. They’ll short it by borrowing shares from a broker, selling them, then repurchasing them later when prices are lower to return the borrow.

How To Find Short Squeeze Stocks

When a short squeeze triggers, prices move in the opposite direction, forcing shorts to cover their positions early and either break even or take a loss. This short covering, paired with high levels of retail buying, triggers a more significant move in the stock.

Let’s look at a handful of penny stocks with higher short interest. Data we’ve found using resources like TrueTradingGroup.com’s Unusual Options & Short Data Tool.

  1. Karyopharm Therapeutics Inc. (NASDAQ:KPTI)
  2. Helbiz Inc. (NASDAQ:HLBZ)
  3. Purple Innovation Inc. (NASDAQ:PRPL)
  4. Ostin Technology Group (NASDAQ:OST)

1. Karyopharm Therapeutics Inc. (NASDAQ: KPTI)

KPTI Stock Price as of this Article: $4.85

What Does Karyopharm Therapeutics Do?

The commercial stage pharmaceutical company develops cancer therapies, including multiple myeloma, endometrial cancer, myelodysplastic syndromes and myelofibrosis. Its lead SINE compound and XPOVIO platform is approved in the US in three oncology indications. Last quarter, the company achieved net product revenue 44% higher than Q2 2021 at $29 million. It also received full marketing authorization by the European Commission Expanding Indication for NEXPOVIO (trade name in Europe) for adults with multiple myeloma.

[Read More] Best Penny Stocks To Buy In August According To Insiders, 1 Bet Over $2 Million

A sales and earnings beat has helped build back some optimism that was lost over the last few months. It was also enough to raise the eyebrows of HC Wainwright analysts, who reiterated a Buy on KPTI stock and paired it with an $18 target.

KPTI Stock: A Short Squeeze Stock To Watch?

According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on KPTI stock is 25.11%.

2. Helbiz Inc. (NASDAQ: HLBZ)

HLBZ Stock Price as of this Article: $1.31

What Does Helbiz Do?

Another one of the names on this list of penny stocks is Helbiz Inc. The company specializes in “micro-mobility,” which is a fancy word for things like eScooters, eBikes, and eMopeds. Its fleet management technology uses artificial intelligence and environmental mapping to sustainably scale and manage its assets.

A recent partnership with Logan City Council in Australia will see Helbiz operate up to 400 eScooters and 400 eBikes later this month. “This latest partnership marks a significant step towards bringing safe, sustainable transportation alternatives to Australia. This announcement follows the plan to introduce 500 e-bikes in Sydney and 100 e-scooters in Alloggio resorts later this year,” said Mitchell Price, Helbiz Australia Managing Director.

HLBZ Stock: A Short Squeeze Stock To Watch?

According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on HLBZ stock is 32.64%.

3. Purple Innovation Inc. (NASDAQ: PRPL)

PRPL Stock Price as of this Article: $4.22

What Does Purple Innovation Do?

Purple Innovation is a slower and steadier mover compared to other names on this list of penny stocks. Shares have climbed from lows of $2.90 to highs of $4.40 over the last few weeks as PRPL stock attempts to reclaim some of this year’s losses.

[Read More] Best Penny Stocks To Buy? 3 To Watch After MEGL Stock Hits 5798%

You may have seen Purple advertised on social media for its “no pressure mattress” technology. The company offers “comfort solutions” ranging from mattresses and pillows to bedding and frames. This week investors are likely waiting to see if Purple can turn things around. The next round of earnings comes on August 9th, and guidance will probably be on the menu. Last quarter, Purple management cut its guidance.

Chief Executive Officer Rob DeMartini explained, “We remain in the early stages of creating the framework for strong operational execution. While we are making progress and believe we will see sequential improvements, including second-half profitability during this year, evolving economic and post-pandemic headwinds such as a shift in consumer buying behavior from online to in-stores and away from home related categories toward experiences and travel, has caused us to adopt a more conservative view on the remainder of 2022.”

PRPL Stock: A Short Squeeze Stock To Watch?

According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on PRPL stock is 25.24%.

4. Ostin Technology Group (NASDAQ:OST)

OST Stock Price as of this Article: $3.12

What Does Ostin Technology Do?

Ostin Technology supplies display modules and polarizers in China. It recently secured a $2.6 million deal for a purchase order of LCD/TP display modules expected for use in iGame G-ONE Plus gaming PCs.

CEO Tao Ling said in a July update, “We believe our products are able to power the iGame G-ONE Plus AIO gaming PC and provide an unrivaled gaming experience for gamers. We are dedicated to meet our customers’ evolving needs and have focused on establishing and maintaining long term relationships with our customers, in an effort to ensure our sustained development and improved profitability.”

OST Stock: A Short Squeeze Stock To Watch?

Other than the short float percentage, the borrow fee rate is something that traders look at. This is a fee that a broker charges for borrowing shares. Typically, the higher the fee, the more difficult it is to borrow the stock. According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current borrow fee rate on OST stock is 56.71%.

Penny Stocks To Buy For Beginners

If you’re brand new to trading penny stocks in 2022, here are a few good articles to check out and some extra info on the best way to learn how to day trade, swing trade, or invest for the long-term:

If you’re interested in learning more about penny stocks, the stock market, and how to trade, check out True Trading Group, the fastest growing & highest-rated online premium educational platform available today. True Trading Group offers a 7-day Trial of its platform for $3 (non-autorenewing, nonrecurring): To Learn More Click Here.

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

The post Best Penny Stocks To Buy: 4 Short Squeeze Stocks To Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Economics

US Shale Defy Calls To Boost Output As They Funnel Profits To Shareholders

US Shale Defy Calls To Boost Output As They Funnel Profits To Shareholders

US shale is still acting with restraint in terms of production…

Published

on

US Shale Defy Calls To Boost Output As They Funnel Profits To Shareholders

US shale is still acting with restraint in terms of production growth despite President Biden's calls to increase supplies to squash energy prices that were driven up due to soaring demand, decarbonization efforts, lack of refinery capacity, limited spare capacity, and, of course, geopolitical uncertainty surrounding Russia's invasion of Ukraine. 

ConocoPhillips, Pioneer Natural Resources, and Devon Energy recorded soaring profits in the second quarter, though many of these top shale oil and gas producers were reluctant to boost capital spending to increase output despite elevated prices for crude, according to Financial Times

Executives of these companies are under pressure from Wall Street to return record profits in the form of dividends and share buybacks to investors rather than increasing capital expenditures to boost production. It comes after years of burning cash and issuing equity to survive the multiple boom-bust cycles that paralyzed the shale industry. 

Then there was the chaos of slumping crude oil demand in the virus pandemic lockdowns, and WTI plunged below $0 per barrel for the first time. US shale drillers have rearranged their priorities from exceptional growth rates to stable rates that attempt to prevent another dark winter. The capital that would typically be deployed for drilling is being rerouted to shareholders:

"Unless we have shareholders that come in and say, look, we absolutely — we do not like these big dividends. We do not like your share repurchase program. We want you to go back to a growth model," Rick Muncrief, chief executive of Devon Energy, a top shale producer, told investors. "Until we see that, I see no reason to change our strategy." 

Other shale executives reiterated Muncrief's message as they all remain defiant to the Biden administration's request to increase production. In response, Biden and other western politicians have slammed shale companies' decision not to increase output. 

According to the Energy Information Administration, US crude production is around 12.1 million barrels a day. Production levels remain 800,000b/d from the pre-coronavirus pandemic highs. 

Occidental Petroleum is another shale company concentrating on debt repayments and cleaning up its balance sheet than expanding production. 

"We don't feel the need to grow production," said the company's chief executive Vicki Hollub. "We feel like one of the best values right now is an investment in our own stock." Warren Buffett's Berkshire Hathaway has bought a 20% stake in the company, helping equity value to double over the past year. 

"This year has marked a reversal in the shale industry's fortunes after hefty losses during the pandemic, although fears of a recession have once again cast a cloud over its prospects," FT said. 

Shale also has another problem: its inability to raise production due to bottlenecks in the industry. 

Last month, Halliburton Co.'s CEO Jeff Miller warned oilfield equipment market is so tight that oil explorers are limited to the amount of production they can bring online. 

Miller said oil companies don't have enough fracking equipment for newly leased wells this year. He said diesel-powered and electric equipment are in short supply, "making it almost impossible to add incremental capacity this year." 

similar message was conveyed by Exxon Mobil, whose CEO said that global oil markets might remain tight for another three to five years primarily because of a lack of investment since the pandemic began.

"Availability of frac fleets is one of main bottlenecks impeding oil and natural as production growth for the next 18 months," Robert Drummond, chief executive officer of fracking firm NexTier Oilfield Solutions, recently told Reuters

... this bottleneck is due to several years of divestment and decarbonization -- making the days of shale roaring back to life over for now.   

So shale execs funnel profits back to shareholders instead of boosting production -- and even if they were to increase output, there are severe bottlenecks in the equipment space that inhibits bringing on new rigs. 

Making matters worse for the Biden administration, OPEC+ only increased production last week by a measly 100k barrel per day in output for September - considerably less than the 300-400k increase expected by many. This means OPEC+ has limited spare capacity, so crude prices should stay elevated overall. 

Tyler Durden Mon, 08/08/2022 - 12:15

Read More

Continue Reading

Spread & Containment

New COVID variants could emerge from animals or from people with chronic infections – but it’s not cause for panic

Animal reservoirs and people who experience chronic COVID infections could potentially see the emergence of new variants. But these variants aren’t necessarily…

Published

on

peterschreiber.media/Shutterstock

As the COVID pandemic rolls on, we’re becoming all too familiar with the continued emergence of new variants. Some can thwart immunity from vaccines and prior infections, increasing their capacity to disrupt our everyday lives. But where do new variants actually come from?

Variants develop through changes in the genetic code of the virus. This happens most commonly through mutations, essentially copy errors in the virus’ genetic information. Variants of concern are variants that have been identified to have a significant impact on transmissibility, severity of disease or immunity, likely to change the epidemiological situation of the pandemic.

Each time we’re infected with SARS-CoV-2 (the virus that causes COVID), our bodies produce a large number of virus particles with a range of genetic differences to the original infecting virus and to each other. Many of these mutations will have no effect on the virus.

Occasionally, however, mutations will occur that give the virus an advantage. For example, delta was more transmissible than earlier variants because of a mutation in its spike protein (a protein on the surface of SARS-CoV-2) allowing the virus to infect our cells more easily.

Even though we know a lot about how mutation occurs, it’s incredibly difficult to pinpoint where specific variants came from. But recent studies have investigated potential sources of new SARS-CoV-2 variants, including people who experience chronic COVID infections and animals.

Chronic infections

A chronic infection is where a person is actively infected with SARS-CoV-2 for a long period of time. This is different to long COVID, where symptoms persist well after the patient has recovered from the initial infection.

Chronic cases are rare and, to date, all documented cases have been in people with severely suppressed immune systems. These might be people undergoing treatment for cancer or following an organ transplant, for example.

Several studies have shown that the rate of mutation in these patients is higher than in those who are infected for a shorter time. Immunocompromised patients have a reduced immune response to infection and are often undergoing a range of treatments, both factors which are thought to allow a broader variety of mutations to develop. This is compounded by the longer period of time for which they may be infected.


Read more: Coronaviruses – a brief history


While new COVID variants do appear more likely to form in patients with chronic infections, the good news is they don’t seem to pose a significant threat.

In a recent study that looked at 27 chronically infected patients, there was no clear pattern of mutations. And when comparing mutations identified in the chronic patients with existing variants of concern, the chronic infections often lacked key mutations repeatedly identified in the variants of concern.

The researchers suggest the the majority of variants arising from chronically infected patients enhance virus replication, but are not characterised by improved transmission. This means they’re good at replicating in an infected person, but not as good at spreading from person to person.

The study demonstrated that there was no evidence of onward transmission from the patients with chronic infections to other people, which would be essential for a new variant to take hold and become a variant of concern. Although the authors note this may be due to human behaviour, rather than virus evolution, as immunosuppressed patients are likely to be confined to their homes.

That said, most variants of concern possess mutations that enhance transmission rather than replication, so it seems unlikely that these patients are significant sources of variants of concern.

Animal reservoirs

SARS-CoV-2 is likely to have been originally transmitted to humans via an animal market in China, and throughout the pandemic, we’ve learned that the virus can infect a variety of animals.

So another suggestion is that animals could be the source of new SARS-CoV-2 variants. The idea is they contract the virus from humans, which then mutates during infection in the animal host, before spreading back to humans.

A mink in the wild.
Could animals be a breeding ground for new COVID variants? An inspiration/Shutterstock

A species jump (or “zoonosis”) can only occur when multiple factors align. These include virological factors (for example, mutations that allow infection of human cells) and environmental factors (for example, close contact with infected animals). Zoonosis is not common, but is becoming more regular due to climate change and deforestation, which put more animals in contact with humans.

One study analysed the genetic code of omicron and showed high levels of similarity in the spike protein with that of mouse coronaviruses. The authors suggest the omicron variant may have occurred as a result of a human-to-mouse infection, mutation in the infected mouse, followed by transmission back to humans.

But often, when a virus infects a new host, such as a human, it’s unable to be transmitted further to other humans. The virus has to quickly adapt to allow it to thrive in the new host and go on to infect others. Indeed, where animal-to-human transmission of COVID occurred on Dutch mink farms, while we did see the virus mutate, there was no evidence of further transmission from the farm workers into the wider community.

Similarly, we’ve observed many instances of people infected with bird flu through prolonged close contact with birds. But there have been very few events of further transmission to other humans.

So although new variants may form in animals occasionally, it seems unlikely that they’re being re-transmitted back to humans and spreading.


Read more: Human catches COVID from a cat – here's why this new evidence is not cause for panic


While we can know geographically where new SARS-CoV-2 variants were first detected, it’s almost certain we’ll never know exactly where they come from. But as virus evolution is based on a combination of chance events such as mutation and human behaviour, it’s most likely that variants of concern are formed in a wide range of infected patients across the world.

With so many people being infected at once, many living in dense cities and travelling across the globe, the chances of viral evolution and onward spread of new mutants are increased. If large numbers of infections continue globally, more variants will continue to arise.

Grace C Roberts works at the University of Leeds and receives funding from the MRC.

Read More

Continue Reading

Trending