IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois’s Quantum Future

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IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois’s Quantum Future

Nov 8, 2026 by Sai Krishna 0 Comments

Hosted by the University of Chicago, IBM Quantum System Two is now operational at Hyde Park Labs and will be a prominent fixture of Illinois Quantum and Microelectronics Park (IQMP) upon the site’s completion.

IBM’s first quantum computer in Illinois extends the company’s industry and academic partnerships across the state, enabling the Illinois ecosystem and beyond to scale quantum algorithms and applications.

CHICAGO, Nov. 6, 2026 /PRNewswire/ — IBM (NYSE: IBM), the University of Chicago, the State of Illinois, and Illinois Quantum and Microelectronics Park (IQMP) today unveiled an IBM Quantum System Two in Chicago, IBM’s first quantum computer in Illinois and the company’s most advanced system available. Initially located at Hyde Park Labs and hosted by the University of Chicago, the system is fueled by IBM Quantum Nighthawk, the most powerful quantum chip IBM has ever built.

Photo of first IBM Quantum System Two in Illinois, now online and located at the University of Chicago’s Hyde Park Labs. (Credit: IBM)

Today, organizations across Illinois are already working with IBM to explore how quantum computing can scale to computationally difficult challenges. The new system aims to catalyze the state’s robust ecosystem of scientists, universities, national laboratories, startups, and enterprises, many of whom are collaborating with IBM in Chicago within IQMP’s National Quantum Algorithm Center (NQAC) to develop the next generation of algorithms and applications. As the anchor system of NQAC, which was established in 2024 by Illinois Governor JB Pritzker with IBM as a leading member, the new quantum computer will ultimately be moved to IQMP, a first-of-its-kind campus in Chicago currently being built to develop and scale quantum technology and microelectronics innovation.

“IBM is proud to deploy our first quantum computer of IQMP — an IBM Quantum System Two. Today, it can deliver scientifically useful results to organizations across the state of Illinois and beyond,” said Arvind Krishna, Chairman and CEO, IBM. “As IBM’s first quantum computer in Illinois, the system’s deployment marks a milestone for Illinois’ quantum community and builds on IBM’s partnerships across the state as we expand quantum research across academia and industries.”

“I want the next generation of breakthroughs to happen in Illinois and the jobs and opportunity that come with them to benefit the people of Illinois,” said Governor JB Pritzker. “With the unveiling of IBM’s Quantum System Two in Hyde Park, we are giving researchers and businesses the tool to turn big ideas into real-world solutions. With our growing partnership with IBM, we are building an industry that will give Illinoisans more career opportunities and build a future right here at home.”

“The presence of IBM’s first quantum computer in Illinois, the company’s most advanced system available, is a testament to what’s possible when partners across government, industry and academia work together toward a shared vision,” said Harley Johnson, CEO of the IQMP. “Today reflects the unique strength of Illinois’ quantum ecosystem. We’re thrilled to see IBM Quantum System Two at Hyde Park Labs while the Park is under construction, and we’re more energized than ever to welcome it to the IQMP, where it will anchor the National Quantum Algorithm Center and further establish Illinois as the global destination for quantum innovation.”

“The deployment of IBM’s Quantum System Two represents the culmination of a years-long partnership that brought together academia, government, and private industry to usher in a new generation of discovery. I am delighted that this machine is being unveiled here in Hyde Park, where our neighbors and community will have a view into the future,” said University of Chicago President Paul Alivisatos.

“IBM Quantum System Two brings another critical capability to Illinois’ growing quantum ecosystem and showcases the collaboration that makes our state such a draw,” said Illinois Economic Development Corporation President and CEO Christy George. “For companies developing quantum technologies and applications, access to advanced computing systems, leading researchers, and industry partners in one place is a powerful advantage. This investment strengthens Illinois’ position as a destination for companies looking to innovate, grow, and help shape the future of quantum computing.”

This new IBM Quantum System Two advances IBM’s mission to bring useful quantum computing to the world and extends the company’s commitment to advancing Illinois as a global epicenter for quantum innovation.

Since NQAC’s founding, IBM has helped grow the center into a hub within Chicago where industry leaders work side-by-side with IBM researchers to build quantum applications that can scale alongside technical progress in the field. This includes NQAC Grand Challenge participants Deloitte and AbbVie, who are working with IBM and Northwestern University to build quantum molecular simulation approaches for researchers engaging in drug discovery.

Other Grand Challenges participants working with IBM include EPRI and the University of Illinois Urbana-Champaign (U. of I.) to explore how quantum optimization algorithms could lead to more efficient power grids.

Additionally, research institutions and national labs such as Fermilab are working with IBM in Illinois to accelerate high-energy physics research with quantum and advance technologies for distributed quantum computing. 

IBM is also teaming with leading universities such as the University of Chicago and U. of I. to push technological progress in quantum computing. For example, IBM and the University of Chicago recently demonstrated quantum advantage over leading classical methods using an approach with guaranteed correctness.

Now, IBM’s quantum computing technology is being brought physically into Chicago. Through NQAC, the new quantum computer will empower Illinois’ quantum community to develop new algorithms and applications that will translate to real-world impact. And it will serve as a catalyst for developing Illinois’ current and future quantum workforce. Earlier this year, IBM announced it would establish the FutureNow Chicago center at the IQMP in partnership with City Colleges of Chicago, to bring 750 jobs to the region across AI, cybersecurity, data science, quantum computing and other technologies. 

With the arrival of IBM Quantum System Two, Chicago and the State of Illinois will be cemented as a leading destination for quantum innovation, industrialization, and workforce development.

Supporting Quotes

“IBM’s continued partnership and the unveiling of IBM Quantum System Two mark an exciting moment for the industry and our state’s quantum ecosystem,” said Brad Henderson, CEO of P33. “Deepening collaboration between industry, our universities, national labs, and state government is what sets us apart and further cements Illinois as a global leader in quantum technology.”

“We are proud to contribute the University of Illinois Urbana-Champaign’s expertise and decades of leadership in supercomputing alongside our higher education and corporate partners,” said Illinois Chancellor Charles L. Isbell, Jr. “As a public-serving university, Illinois’ mission is to advance education, research, and economic opportunity across the state, and we’re excited to engage in work that translates the brilliance of Illinois faculty into tangible, real-world impact that affirms the state of Illinois and Chicago as the epicenter of the next generation of technological progress.”

“This is a significant milestone in advancing Illinois’ quantum economy and turning our state’s world-class research capabilities into real-world economic opportunity,” said Illinois Department of Commerce and Economic Opportunity Director Kristin Richards. “Through the State’s leadership and strategic investments in quantum, we are building an ecosystem for long-term industry growth, new business investment, and high-quality jobs.”

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. Thousands of governments 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 legendary commitment to trust, transparency, responsibility, inclusivity and service. 

For more information, visit https://research.ibm.com. 

Media contacts: 

Brittany Forgione

IBM

Brittany.forgione@ibm.com

Erin Angelini

IBM

Edlehr@us.ibm.com

Pictured in front of IBM Quantum System Two, L-R: John Atkinson, Chairman, Illinois Economic Development Corporation; Dr. Stacia Edwards, Chief Workforce Officer, Illinois Department of Commerce and Economic Opportunity; Harley Johnson, CEO, Illinois Quantum and Microelectronics Park (IQMP); Jay Gambetta, Director of Research and IBM Fellow; JB Pritzker, Governor of Illinois; Paul Alivisatos, President, University of Chicago; Nadya Mason, Vice President for Research, University of Chicago; Charles L. Isbell, Jr., Chancellor, University of Illinois Urbana-Champaign; Brad Henderson, CEO, P33. (Credit: Jason Smith)

IBM Corporation logo.

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IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois's Quantum Future

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Property Tax Assessments: Understanding Valuation, Tax Liability and the Impact on Real Estate Owners

Nov 8, 2026 by Neel Achary 0 Comments

Property tax assessments play a crucial role in determining how much homeowners, landlords and commercial property owners pay to local governments. As real estate markets evolve and property values fluctuate, accurate assessments have become increasingly important for both property owners and municipal authorities.

Property ownership is often considered a long-term investment, offering financial security, rental income and potential capital appreciation. However, owning real estate also comes with recurring financial responsibilities, one of the most significant being property tax. At the centre of this obligation is the property tax assessment, a process through which local authorities determine the taxable value of a property and calculate the amount of tax payable.

For homeowners, investors and commercial property developers, understanding property tax assessments is essential for managing ownership costs, evaluating investment returns and avoiding unnecessary financial burdens.

What Are Property Tax Assessments?

A property tax assessment is the process of determining the value of a property for taxation purposes. Local government authorities or designated assessment agencies evaluate residential, commercial, industrial and vacant properties to establish their assessed value.

This valuation generally considers factors such as the property’s location, land area, construction quality, building age, property type, available infrastructure and prevailing market conditions.

The assessed value is subsequently used to calculate property tax according to the applicable tax rates established by the local government.

It is important to understand that assessed value and market value are not necessarily identical. Market value represents the estimated price a property could command in an open-market transaction, while assessed value is the figure used by authorities for taxation.

Depending on local regulations, the assessment may be based on market value, rental value, capital value, annual value or another prescribed valuation methodology.

How Is Property Value Assessed?

Property assessment methods vary across countries, states and municipalities. However, most authorities rely on a combination of valuation techniques to establish a property’s taxable value.

1. Market Value Approach

Under this approach, authorities estimate a property’s value by examining recent sales of comparable properties in the same locality. Factors such as location, property size, building condition and neighbourhood development influence the valuation.

This method is particularly relevant in areas with active real estate markets and sufficient transaction data.

2. Rental Value Approach

Some municipalities calculate property taxes using the estimated annual rental value of a property. The assessment considers the rent that the property could reasonably generate under prevailing market conditions.

This approach is commonly associated with municipal taxation systems that use annual rental or rateable value.

3. Capital Value Approach

The capital value method determines the taxable value based on the estimated capital worth of the property, including the land and building.

Authorities may consider location, land prices, construction costs, property usage and other relevant valuation factors.

4. Unit Area-Based Assessment

Under this system, property tax is calculated using a prescribed rate per unit of built-up or carpet area, depending on the applicable municipal rules.

The rate may differ according to location, property category, building usage, construction type and occupancy status.

Key Factors That Influence Property Tax Assessments

Several factors can influence the assessed value and the resulting tax liability.

  • Location: Properties in developed commercial centres, premium residential neighbourhoods and well-connected urban areas may attract higher assessments.

  • Land and Building Size: Larger plots and buildings generally have higher taxable values, depending on the assessment methodology.

  • Property Type: Residential, commercial, industrial and institutional properties may be subject to different assessment rates.

  • Construction Quality: Building materials, design, structural condition and available facilities can influence valuation.

  • Age of the Property: Older buildings may receive different valuation treatment depending on depreciation provisions and local rules.

  • Infrastructure Development: Roads, public transport, drainage, water supply and other civic amenities can influence property values.

  • Property Usage: Self-occupied, rented, vacant and commercially operated properties may be assessed differently under local regulations.

These variables highlight why property owners should regularly review their municipal assessment records.

Property Tax Calculation: Understanding the Process

Although the calculation differs across jurisdictions, the general principle involves applying the prescribed tax rate to the taxable or assessed value of a property.

For example, consider a residential property with an assessed taxable value of ₹50 lakh and an illustrative annual property tax rate of 0.5%.

The annual property tax would be:

₹50,00,000 × 0.5% = ₹25,000.

Illustrative calculation only. Actual property tax rates, exemptions, valuation methods and additional charges depend on the applicable municipal regulations.

In some municipalities, the final amount may also include additional levies, service charges, rebates or penalties for delayed payments.

For property investors, understanding this calculation is important because property taxes directly affect rental yields, annual operating expenses and overall investment profitability.

Why Property Tax Assessments Matter to Real Estate Investors

Property taxes are not simply a statutory payment. They are an important component of real estate financial planning.

For investors purchasing residential apartments, commercial buildings, office spaces or industrial properties, the annual tax obligation can significantly influence the economics of an investment.

A property with attractive rental potential may deliver lower net returns if its tax liability and maintenance expenses are considerably higher than anticipated.

Investors should therefore examine property tax records before completing a purchase. Reviewing previous tax payments, outstanding dues, assessment details and applicable municipal rates can help identify potential financial risks.

For commercial property owners, accurate assessment is particularly important because property taxes form part of the recurring operational expenses that influence rental pricing and business occupancy costs.

Property Tax Assessments in India

In India, property taxation is primarily administered by urban local bodies, municipal corporations and municipalities. The assessment framework varies from one state and municipal jurisdiction to another.

Cities such as Bhubaneswar, Mumbai, Delhi, Bengaluru, Hyderabad and Chennai follow their respective municipal systems for property valuation and taxation.

In Odisha, urban local bodies administer property tax under the applicable state municipal framework and rules. Property owners should refer to their respective municipal authority for the latest assessment methodology, applicable rates, payment procedures and available concessions.

Digital governance initiatives have also made property tax administration more accessible. Several municipal authorities provide online facilities for property registration, assessment verification, tax calculations and payment.

The increasing adoption of digital property records and online payment systems is helping improve administrative efficiency, transparency and revenue collection.

How Property Owners Can Challenge an Incorrect Assessment

Property owners should not automatically accept an assessment if they believe the taxable value or property details are incorrect.

Errors may occur due to inaccurate measurements, incorrect property classification, outdated construction information, duplicate records or the application of an inappropriate valuation category.

Owners can generally take the following steps:

  1. Obtain and review the latest property tax assessment notice.

  2. Verify the recorded plot area, built-up area and property classification.

  3. Compare the assessment with relevant property documents and applicable municipal valuation guidelines.

  4. Identify any incorrect details or inconsistencies.

  5. Submit an objection or reassessment application to the relevant municipal authority within the prescribed period.

  6. Provide supporting documents, including ownership records, approved building plans and other relevant evidence.

  7. Follow up on the application and retain the revised assessment order.

The availability of appeals, reassessment procedures and deadlines depends on the applicable municipal legislation.

Seeking assistance from a qualified property valuer, tax consultant or legal professional may be beneficial when the assessment involves substantial financial implications.

The Role of Technology in Modern Property Assessments

Technology is transforming how governments assess properties and collect municipal taxes.

Geographic Information Systems (GIS), satellite imagery, digital mapping, artificial intelligence and data analytics are increasingly being used to improve property identification and valuation.

GIS-based property mapping enables municipal authorities to identify buildings, measure land parcels and maintain updated property databases. Satellite imagery and aerial surveys can help detect unauthorised construction or changes in building areas.

Artificial intelligence and automated valuation models can also analyse property characteristics and market data to support more consistent valuation decisions.

For property owners, these developments could mean faster assessment processes, improved transparency and fewer administrative delays.

However, technology-driven assessments must be supported by accurate data, appropriate valuation standards and accessible grievance-redressal mechanisms.

Common Mistakes Property Owners Should Avoid

Property tax management requires regular attention. Some common mistakes can result in financial penalties or unnecessary tax expenses.

  • Ignoring property tax notices and assessment updates.

  • Failing to register newly constructed or modified buildings.

  • Not checking whether property details are accurately recorded.

  • Overlooking applicable exemptions, rebates or concessions.

  • Delaying tax payments and accumulating penalties.

  • Assuming that the assessed value will automatically reflect current market conditions.

  • Failing to clear outstanding property tax dues before selling a property.

Maintaining updated ownership documents, building approvals, assessment records and payment receipts can help property owners avoid these complications.

The Future of Property Tax Assessments

As cities expand and real estate markets become more complex, property tax assessments will remain an important part of urban financial management.

Municipal authorities require consistent property tax revenue to fund essential services, including road maintenance, street lighting, drainage, sanitation, water infrastructure and public facilities.

At the same time, property owners expect fair assessments, transparent calculations and efficient grievance-redressal systems.

The future of property taxation is likely to involve greater use of digital property databases, GIS-based mapping, automated valuation systems and integrated municipal platforms.

For real estate investors, these changes will make property tax due diligence increasingly important. Understanding how a property is assessed, identifying potential tax liabilities and monitoring changes in municipal regulations will become essential elements of responsible property ownership.

Conclusion

Property tax assessments are an essential link between real estate ownership and urban development. They determine the tax obligations of property owners while providing local governments with an important source of revenue for public infrastructure and civic services.

For homeowners, understanding the assessment process helps prevent incorrect taxation and manage household expenses. For landlords, developers and commercial property investors, it supports better financial planning and more accurate investment calculations.

As technology modernises municipal administration, property tax assessments are expected to become more data-driven and transparent. Nevertheless, the responsibility of reviewing assessment records, understanding applicable regulations and ensuring timely tax payments will continue to rest with property owners.

Ultimately, informed property ownership begins with understanding not just the value of an asset, but also the financial obligations associated with maintaining it.

News

IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois’s Quantum Future

Nov 7, 2026 by Sai Krishna 0 Comments

Hosted by the University of Chicago, IBM Quantum System Two is now operational at Hyde Park Labs and will be a prominent fixture of Illinois Quantum and Microelectronics Park (IQMP) upon the site’s completion.

IBM’s first quantum computer in Illinois extends the company’s industry and academic partnerships across the state, enabling the Illinois ecosystem and beyond to scale quantum algorithms and applications.

CHICAGO, Nov. 6, 2026 /PRNewswire/ — IBM (NYSE: IBM), the University of Chicago, the State of Illinois, and Illinois Quantum and Microelectronics Park (IQMP) today unveiled an IBM Quantum System Two in Chicago, IBM’s first quantum computer in Illinois and the company’s most advanced system available. Initially located at Hyde Park Labs and hosted by the University of Chicago, the system is fueled by IBM Quantum Nighthawk, the most powerful quantum chip IBM has ever built.

Photo of first IBM Quantum System Two in Illinois, now online and located at the University of Chicago’s Hyde Park Labs. (Credit: IBM)

Today, organizations across Illinois are already working with IBM to explore how quantum computing can scale to computationally difficult challenges. The new system aims to catalyze the state’s robust ecosystem of scientists, universities, national laboratories, startups, and enterprises, many of whom are collaborating with IBM in Chicago within IQMP’s National Quantum Algorithm Center (NQAC) to develop the next generation of algorithms and applications. As the anchor system of NQAC, which was established in 2024 by Illinois Governor JB Pritzker with IBM as a leading member, the new quantum computer will ultimately be moved to IQMP, a first-of-its-kind campus in Chicago currently being built to develop and scale quantum technology and microelectronics innovation.

“IBM is proud to deploy our first quantum computer of IQMP — an IBM Quantum System Two. Today, it can deliver scientifically useful results to organizations across the state of Illinois and beyond,” said Arvind Krishna, Chairman and CEO, IBM. “As IBM’s first quantum computer in Illinois, the system’s deployment marks a milestone for Illinois’ quantum community and builds on IBM’s partnerships across the state as we expand quantum research across academia and industries.”

“I want the next generation of breakthroughs to happen in Illinois and the jobs and opportunity that come with them to benefit the people of Illinois,” said Governor JB Pritzker. “With the unveiling of IBM’s Quantum System Two in Hyde Park, we are giving researchers and businesses the tool to turn big ideas into real-world solutions. With our growing partnership with IBM, we are building an industry that will give Illinoisans more career opportunities and build a future right here at home.”

“The presence of IBM’s first quantum computer in Illinois, the company’s most advanced system available, is a testament to what’s possible when partners across government, industry and academia work together toward a shared vision,” said Harley Johnson, CEO of the IQMP. “Today reflects the unique strength of Illinois’ quantum ecosystem. We’re thrilled to see IBM Quantum System Two at Hyde Park Labs while the Park is under construction, and we’re more energized than ever to welcome it to the IQMP, where it will anchor the National Quantum Algorithm Center and further establish Illinois as the global destination for quantum innovation.”

“The deployment of IBM’s Quantum System Two represents the culmination of a years-long partnership that brought together academia, government, and private industry to usher in a new generation of discovery. I am delighted that this machine is being unveiled here in Hyde Park, where our neighbors and community will have a view into the future,” said University of Chicago President Paul Alivisatos.

“IBM Quantum System Two brings another critical capability to Illinois’ growing quantum ecosystem and showcases the collaboration that makes our state such a draw,” said Illinois Economic Development Corporation President and CEO Christy George. “For companies developing quantum technologies and applications, access to advanced computing systems, leading researchers, and industry partners in one place is a powerful advantage. This investment strengthens Illinois’ position as a destination for companies looking to innovate, grow, and help shape the future of quantum computing.”

This new IBM Quantum System Two advances IBM’s mission to bring useful quantum computing to the world and extends the company’s commitment to advancing Illinois as a global epicenter for quantum innovation.

Since NQAC’s founding, IBM has helped grow the center into a hub within Chicago where industry leaders work side-by-side with IBM researchers to build quantum applications that can scale alongside technical progress in the field. This includes NQAC Grand Challenge participants Deloitte and AbbVie, who are working with IBM and Northwestern University to build quantum molecular simulation approaches for researchers engaging in drug discovery.

Other Grand Challenges participants working with IBM include EPRI and the University of Illinois Urbana-Champaign (U. of I.) to explore how quantum optimization algorithms could lead to more efficient power grids.

Additionally, research institutions and national labs such as Fermilab are working with IBM in Illinois to accelerate high-energy physics research with quantum and advance technologies for distributed quantum computing. 

IBM is also teaming with leading universities such as the University of Chicago and U. of I. to push technological progress in quantum computing. For example, IBM and the University of Chicago recently demonstrated quantum advantage over leading classical methods using an approach with guaranteed correctness.

Now, IBM’s quantum computing technology is being brought physically into Chicago. Through NQAC, the new quantum computer will empower Illinois’ quantum community to develop new algorithms and applications that will translate to real-world impact. And it will serve as a catalyst for developing Illinois’ current and future quantum workforce. Earlier this year, IBM announced it would establish the FutureNow Chicago center at the IQMP in partnership with City Colleges of Chicago, to bring 750 jobs to the region across AI, cybersecurity, data science, quantum computing and other technologies. 

With the arrival of IBM Quantum System Two, Chicago and the State of Illinois will be cemented as a leading destination for quantum innovation, industrialization, and workforce development.

Supporting Quotes

“IBM’s continued partnership and the unveiling of IBM Quantum System Two mark an exciting moment for the industry and our state’s quantum ecosystem,” said Brad Henderson, CEO of P33. “Deepening collaboration between industry, our universities, national labs, and state government is what sets us apart and further cements Illinois as a global leader in quantum technology.”

“We are proud to contribute the University of Illinois Urbana-Champaign’s expertise and decades of leadership in supercomputing alongside our higher education and corporate partners,” said Illinois Chancellor Charles L. Isbell, Jr. “As a public-serving university, Illinois’ mission is to advance education, research, and economic opportunity across the state, and we’re excited to engage in work that translates the brilliance of Illinois faculty into tangible, real-world impact that affirms the state of Illinois and Chicago as the epicenter of the next generation of technological progress.”

“This is a significant milestone in advancing Illinois’ quantum economy and turning our state’s world-class research capabilities into real-world economic opportunity,” said Illinois Department of Commerce and Economic Opportunity Director Kristin Richards. “Through the State’s leadership and strategic investments in quantum, we are building an ecosystem for long-term industry growth, new business investment, and high-quality jobs.”

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. Thousands of governments 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 legendary commitment to trust, transparency, responsibility, inclusivity and service. 

For more information, visit https://research.ibm.com. 

Media contacts: 

Brittany Forgione

IBM

Brittany.forgione@ibm.com

Erin Angelini

IBM

Edlehr@us.ibm.com

Pictured in front of IBM Quantum System Two, L-R: John Atkinson, Chairman, Illinois Economic Development Corporation; Dr. Stacia Edwards, Chief Workforce Officer, Illinois Department of Commerce and Economic Opportunity; Harley Johnson, CEO, Illinois Quantum and Microelectronics Park (IQMP); Jay Gambetta, Director of Research and IBM Fellow; JB Pritzker, Governor of Illinois; Paul Alivisatos, President, University of Chicago; Nadya Mason, Vice President for Research, University of Chicago; Charles L. Isbell, Jr., Chancellor, University of Illinois Urbana-Champaign; Brad Henderson, CEO, P33. (Credit: Jason Smith)

IBM Corporation logo.

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IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois's Quantum Future

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Odisha Government to Lay Foundation Stones for 627 Godabarish Mishra Model Primary Schools in Third Phase

Nov 7, 2026 by Neel Achary 0 Comments

Bhubaneswar,      Nov 7   (UDN):   The strong foundation of primary education will pave the way for a self-reliant and prosperous Odisha. Our government is firmly committed to ensuring quality education reaches every corner of the state while providing rural talent with appropriate platforms and opportunities to showcase their potential.

As another significant step towards achieving this vision, I will lay the foundation stones for 627 new model primary schools simultaneously under the third phase of the ‘Godabarish Mishra Adarsha Prathamika Vidyalaya’ Scheme at Keonjhar today. The initiative aims to strengthen primary education infrastructure, improve the quality of education and create better learning opportunities for children across Odisha.

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IIHM and Andhra Pradesh Join Hands to Build Hospitality Skills and Promote the State’s Culinary Heritage

Nov 7, 2026 by Sai Krishna 0 Comments

A three-year strategic partnership signed at the 31st CII Partnership Summit will connect hospitality education with Andhra Pradesh’s culinary traditions, tourism priorities and sustainable destination development.

KOLKATA, India, Nov. 7, 2026 /PRNewswire/ — What makes a destination memorable? It is often more than its landscapes or monuments. It is the food, the flavours, the traditions and the warmth of the people who welcome visitors. Recognising the importance of these experiences to tourism, the International Institute of Hotel Management (IIHM), part of the Indismart Group, has entered into a three-year Strategic Partnership Memorandum of Understanding with the Government of Andhra Pradesh, through the Andhra Pradesh Tourism Authority.

IIHM signs MoU with Govt of Andhra Pradesh, seen in the image (from left to right) are: Mr. Earnest Immanuel, Director, IIHM, Hyderabad, Dr Ravindra Sannareddy, Founder & Managing Director, Sri City Pvt Limited, Sri Shamsher Singh Rawat, IAS, Special Chief Secretary, Youth Advancement, Tourism & Culture, Govt of Andhra Pradesh, Sri Chiranjeev Choudhary, IFS, Senior Indian Forest Sevice Officer, Sri Sagili Shan Mohan, IAS, Chief Executive Officer, Andhra Pradesh Economic Development Board (APEDB)

The agreement was signed on 26 October 2026 in Tirupati during the 31st CII Partnership Summit 2026. It establishes a framework for collaboration across four key areas: hospitality education and skills development, promotion of Andhra Pradesh’s culinary heritage, destination development and sustainable tourism, and stronger industry–academia linkages.

A central focus of the partnership is to bring professional hospitality training closer to the needs of the industry. Proposed programmes will cover food production, culinary arts, bakery and patisserie, food and beverage service, front office, housekeeping, hotel operations and tourism operations. Specialised training will also address food safety, hygiene, kitchen management, menu planning, costing, sustainable food production and waste minimisation.

The collaboration will combine practical training, workshops and certification-oriented programmes with opportunities for industry exposure. Internships, educational visits, culinary competitions, placement linkages and entrepreneurship opportunities may also be explored, subject to mutually agreed arrangements between the parties.

An important dimension of the MoU is the promotion of Andhra Pradesh’s distinctive culinary heritage. Through chef masterclasses, culinary demonstrations, regional cuisine workshops and train-the-trainer programmes, the collaboration will seek to bring greater attention to indigenous ingredients, traditional cooking practices and regional food cultures. Culinary tourism will be another area of focus, recognising food as an important expression of a destination’s identity.

The partnership will also explore sustainable hospitality practices, responsible tourism, local sourcing and farm-to-fork concepts, alongside the application of emerging technologies, including Artificial Intelligence (AI), in hospitality education and tourism operations. IIHM will contribute its faculty, chefs and industry experts, along with its experience in technology-enabled learning, sustainability and food-waste reduction.

The agreement provides for collaboration across Andhra Pradesh, with priority destinations to be identified jointly by IIHM and the state government. A joint coordination committee, comprising designated nodal officers, will oversee implementation through quarterly or mutually agreed review meetings and an annual assessment of activities and outcomes. The first three months will focus on developing a joint action plan, followed by pilot training programmes, workshops and stakeholder mapping during months three to six. Expansion across identified destinations is envisaged between months six and twelve.

Speaking on the partnership, Dr Suborno Bose, Founder & Chairman of the Indismart Group and IIHM Worldwide said:

“Hospitality education must be connected to the places and communities it serves. Andhra Pradesh has a remarkable culinary identity, with traditions, ingredients and food practices that deserve to be preserved and shared with the world. Through this partnership, we want to bring education, professional skills and industry knowledge together, while recognising that the true strength of tourism lies in its people, its culture and the experiences it creates. Preparing the next generation of hospitality professionals must go hand in hand with preserving the heritage that makes every destination unique.”

The signing was attended by Sri Shamsher Singh Rawat, IAS, Special Chief Secretary, Youth Advancement, Tourism & Culture, Government of Andhra Pradesh; Sri Sagili Shan Mohan, IAS, Chief Executive Officer, Andhra Pradesh Economic Development Board; Sri Chiranjeev Choudhary, IFS, Senior Indian Forest Service Officer; and Sri Ravindra Sannareddy, Founder & Managing Director, Sri City Pvt Limited.

The MoU is initially valid for three years from the date of signing. Each party will bear the costs of the activities it undertakes under the agreement.

For IIHM, the partnership is an opportunity to bring its hospitality education expertise into closer engagement with the culinary traditions and tourism priorities of Andhra Pradesh. It also recognises an important principle: the future of hospitality depends not only on how well professionals are trained, but also on how deeply they understand the culture, communities and heritage of the destinations they represent.

Website: www.iihm.ac.in

IIHM Logo

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IIHM and Andhra Pradesh Join Hands to Build Hospitality Skills and Promote the State's Culinary Heritage

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ICFAI Business School Begins Admissions for IBSAT 2026; First Registration Deadline Set for December 1

Nov 7, 2026 by Sai Krishna 0 Comments

HYDERABAD, India, Nov. 7, 2026 /PRNewswire/ — ICFAI Business School (IBS) has opened applications for the ICFAI Business School Aptitude Test (IBSAT 2026), the entrance exam for its two-year, full-time MBA and PGPM programs across nine campuses nationwide. Candidates can apply for admission to IBS campuses in Ahmedabad, Bengaluru, Dehradun, Gurugram, Hyderabad, Jaipur, Kolkata, Mumbai and Pune.

IBSAT Exam

The registration deadline for the initial exam phase is December 1, 2026, with testing scheduled to begin on December 5 and 6.

To accommodate applicants, IBS is offering a multi-stage exam format held across four weekend cycles throughout December. The remote-proctored exam allows candidates to take the test from home during two daily time slots: 11:00 AM to 1:00 PM and 3:00 PM to 5:00 PM. Results for each weekend cycle will be published on the following Monday.

IBS is also continuing its Rs10 crore merit scholarship scheme for the upcoming academic year. A Rs 2 lakh scholarship will be awarded to 500 top-performing candidates based on their scores in IBSAT or other recognized national entrance exams.

The IBSAT 2026 is a 140-minute, remote online test consisting of 140 multiple-choice questions across four sections: Quantitative Aptitude, Verbal Ability, Reading Comprehension, and Data Interpretation. There is no negative marking. In addition to IBSAT, IBS accepts scores from CAT, XAT, NMAT by GMAC, and GMAT, and a single application form covers all nine campuses. Since the test is remote-proctored, candidates can take it from home without traveling to a test center.

Shortlisted applicants will proceed to the final selection process in February 2027, which features micro-presentations and personal interviews. Candidates can read experiences shared by previous applicants from the 2026 selection process here.

For over 30 years, IBS institutions have consistently delivered a placement rate of more than 90%, enabling alumni to secure strong roles in the corporate world. Today, the network includes nearly 79,000 alumni, with 40% holding senior management positions and 10% working in international roles. Explore the 2026 placement success stories here.

Online registration is open at ibsat.org. Physical application forms are also available at IBS Information Offices.

ICFAI Business School (IBS) Logo

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ICFAI Business School Begins Admissions for IBSAT 2026; First Registration Deadline Set for December 1

Health

The Festival of Lights Is a Reminder to Care for Your Eyes

Nov 7, 2026 by Neel Achary 0 Comments

The Festival of Lights Is a Reminder to Care for Your Eyes

 

By Prof. Dr. Mahipal Singh Sachdev, Chairman and Managing Director, Centre for Sight Group of Hospitals, New Delhi

Diwali is a time for celebration, family gatherings and festivities. While people take care to prepare their homes and surroundings for the occasion, eye health often receives little attention. Good vision plays an important role in our everyday lives, yet many people overlook changes in their eyesight or postpone routine eye examinations when they have no obvious symptoms.

One common misconception is that an eye examination is necessary only when vision becomes blurred or the eyes feel uncomfortable. However, some eye conditions can develop gradually without noticeable symptoms in their early stages. Conditions such as glaucoma and diabetic retinopathy may affect vision before a person realises that something is wrong. Regular eye examinations can help identify such problems early and allow timely treatment.

Diwali celebrations can also bring specific challenges for eye health. Exposure to smoke and dust can aggravate dry eyes and allergies, causing redness, itching and watering. Festive makeup and contact lenses may also cause irritation if used incorrectly or without proper hygiene. Taking sensible precautions, avoiding rubbing the eyes and seeking medical advice when symptoms persist can help prevent minor discomfort from becoming a bigger concern.

Everyday habits also play an important role in maintaining healthy eyes. Spending long hours looking at mobile phones, computers and television screens can contribute to eye strain and dryness. Taking regular breaks, blinking frequently and keeping screens at a comfortable distance can help ease discomfort. Adequate sleep is equally important, particularly during the festive season, when late nights and busy schedules can disrupt normal routines.

Eye hygiene deserves attention throughout the year. Touching the eyes with unwashed hands, sharing eye makeup or using expired cosmetic products can increase the risk of irritation or infection. Makeup should be removed before sleeping, and contact lens users should follow the recommended cleaning and wearing instructions. Eye drops should not be used indiscriminately, particularly when the cause of irritation is unclear.

It is also important not to ignore persistent redness, pain, unusual watering or changes in vision. People sometimes turn to home remedies or delay consulting a specialist, hoping the symptoms will resolve on their own. While some irritation may be temporary, sudden vision loss, significant eye pain or an eye injury requires prompt medical attention.

For people living with diabetes, high blood pressure or an existing eye condition, regular follow-up is particularly important. Diabetes, for example, can damage the blood vessels in the retina, sometimes without causing noticeable symptoms in the early stages. Following the recommended eye examination schedule and managing underlying health conditions can help reduce the risk of vision-related complications.

As we celebrate Diwali, the festival of lights, it is worth remembering that healthy eyes help us appreciate the world around us in all its colours and brightness. Just as we light up our homes for the occasion, we should also make eye care a priority through regular eye examinations, good hygiene and timely medical advice. After all, protecting our vision helps us continue to enjoy the sights that make life brighter, long after the festive lights have faded.

News

WALOVI X-Hero Debuts at Inaugural Fortune Southeast Asia 500 Summit, Vietnam Emerges as a Growth Engine for Southeast Asia

Nov 7, 2026 by Sai Krishna 0 Comments

GUANGZHOU, China, Nov. 7, 2026 /PRNewswire/ — The inaugural Fortune Southeast Asia 500 Summit was held in Ho Chi Minh City, Vietnam, on November 3. The summit brought together regional business leaders and multinational executives. During the event, WALOVI unveiled its X-Hero energy electrolyte drink, alongside the inauguration of Guangzhou Pharmaceutical Holdings Limited (GPHL)’s Vietnam representative office.

WALOVI X-Hero Debuts at Inaugural Fortune Southeast Asia 500 Summit, Vietnam Emerges as a Growth Engine for Southeast Asia

Featuring natural plant-based ingredients, such as ginseng and coffee beans, WALOVI X-Hero combines these botanicals with electrolytes to support energy and electrolyte replenishment. It responds to young consumers’ growing demand for natural ingredients and convenient replenishment.

Ye Jizeng, the Vice President of WALOVI Beverages Group Co., Ltd., said the global beverage industry is undergoing a fundamental shift, with natural plant-based beverages moving from a niche option toward mainstream consumption. In response, WALOVI is pursuing two major transitions: evolving from a single-product company into a full-category business, and from a domestic brand into a global one.

WALOVI has been expanding its presence across Southeast Asia. In Malaysia, it partnered with Baosteel Can Making Malaysia in May 2025 to advance localized production. In Singapore, its international headquarters was launched in August 2026 to coordinate regional strategy and global resources. In Indonesia, WALOVI held its global investment promotion conference in Jakarta this year, unveiled its classic and international can ranges, and signed agreements with local distributors.

Vietnam is a key example of localized development. Following the debut of the WALOVI Vietnam Can in May 2026, X-Hero was unveiled at the Fortune Southeast Asia 500 Summit in November. The country’s hot climate, spicy cuisine and familiarity with herbal ingredients create favorable conditions for functional beverages. Since accelerating its development in Vietnam in 2021, WALOVI has achieved rapid growth, making Vietnam its largest and fastest-growing market in Southeast Asia.

WALOVI sees Southeast Asia as a diverse region of countries with different languages and stages of development, where no single approach can fit every market.

As the global beverage industry evolves, WALOVI will continue to connect diverse markets through product innovation and open collaboration, to bring its natural plant-based beverages to a wider international audience.

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WALOVI X-Hero Debuts at Inaugural Fortune Southeast Asia 500 Summit, Vietnam Emerges as a Growth Engine for Southeast Asia

News

Suniel Shetty Takes on Strategic Leadership Role at NKN Media

Nov 7, 2026 by Neel Achary 0 Comments

In a landmark move that signals an evolving era of global media and entertainment convergence, NKN Media announced a major breakthrough with the coming on board of Bollywood legend and an exemplary entrepreneur, Mr. Suniel Shetty as a distinguished Mentor. 

This would be a strategic leadership role for Mr. Shetty who brings both his decades long business acumen as well as the star power to the dedicated initiatives undertaken by NKN Media. Announcing this as a major step forward, Mr. Abdul Majid Khan, CEO & Group MD, NKN Media said: 

“Under his mentorship, we are so looking forward to building businesses that are meaningful, full of purpose and those that create an impact for the larger good. He brings with him immense business know-how that we look forward to imbibing from. We look forward to contributing positively to the UAE’s growing economy and be part of the burgeoning entrepreneurship ecosystem here.” 

Suniel Shetty Takes on Strategic Leadership Role at NKN Media

 

Sunil Shetty, whose decades of influence in entertainment, fitness, and lifestyle branding have made him a household name and a respected entrepreneur, will bring his visionary approach to NKN Media’s strategic board. His involvement is expected to dramatically amplify the company’s niche IP events, attract top-tier global partnerships, and inject high level of creative energy into NKN’s portfolio. 

NKN Media over the past few years has taken aggressive steps towards its strategic vision of positioning with a purpose for its clients and patrons. Localization techniques combined with equal emphasis on all media streams puts its outreach efforts on a global level for all their projects. By delivering consistently on clients’ goals, its retention strategy has helped create a meaningful impact for all their stakeholders and that is the ambition that they wish to carry on. 

By venturing into key partnerships with leading mainstream media houses like India Today Group, Times Network, NDTV, Republic TV etc., the idea is to leverage on the skills, experience and the know-how of its team for building meaningful and continuous momentum through quality IP events. NKN Media’s International Property Expo which started from Dubai has already covered London, Singapore and New Delhi in the past one year. And with its latest initiative, Falcons of Majlis, Middle East’s first initiative acknowledging the start-ups from the region for their next stage of expansion, it is only reinforcing its commitment of building a sustainable eco-system for early-stage start-ups.

News

Administrative Reshuffle: Biswajit Chandra Barman Given Additional Charge as Nabarangpur CDO

Nov 7, 2026 by Neel Achary 0 Comments

Nabarangpur:  Nov 7   (UDN):   Nabarangpur Additional District Magistrate (ADM) Shri Biswajit Chandra Barman today assumed additional charge as the Chief Development Officer (CDO) and Executive Officer of the Nabarangpur Zilla Parishad.

Following the transfer of Shri Biranchi Narayan Darban, the responsibility of the key administrative post has been entrusted to Shri Barman.

Shri Barman is widely known as a dedicated and responsible administrator who has demonstrated his commitment to public service and administrative responsibilities on several occasions. His appointment to the additional charge is expected to ensure continuity in the district’s developmental and administrative activities.