Sabre88, LLC Breaks Into Top 15 Among ICIC and Fortune’s Inner City 100 Winners

 

Annual ranking showcases the fastest-growing urban businesses in America

For the third time in as many years The Initiative for a Competitive Inner City (ICIC) and Fortune have announced that Sabre88 has been selected for its prestigious 2016 Inner City 100 list. This recognition places Sabre88 in an exemplary lineage of nearly 900 fast-growing and innovative inner city businesses.

Sabre88 ranked 14 overall on the list of 100. Sabre88, which provides consulting services to the federal government, reported 2015 revenues of 2.7 million and a five-year growth rate of 731 percent from 2011-2015.  “We are delighted to earn a spot on the list of fastest growing inner city businesses.  It is a testament to the hard work and dedication of the Sabre88 team serving our government customers each day.”  stated CEO Robert Cottingham.

ICIC’s Inner City 100 is an annually compiled and released list featuring high-power, high-potential businesses from around the country with headquarters in inner cities. Each company is selected by ICIC with help from a national network of nominating partners who seek to identify, spotlight, and further enable the named companies’ innovative urban entrepreneurship. Ranked by revenue growth, the esteemed recipients go on to have their names published in Fortune.

The list can be viewed on the Fortune website here.

In addition to announcing the list, company CEOs were invited to gather for a full-day event featuring thought-provoking sessions, insightful leadership advice, and robust networking opportunities. Past winners have reported meeting future multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the accompanying colloquium.

The rankings for each company were announced at the Inner City 100 Conference and Awards Ceremony on Wednesday, September 14, 2016 at the Aloft Hotel in Boston, MA. Before the awards celebration, winners gathered for a full-day business symposium featuring management case studies from Harvard Business School professors and interactive sessions with top CEOs. Keynote speakers at this year’s event included Interim CEO of Staples Shira Goodman, Chairman and CEO of Pinnacle Group and Inner City 100 alumnus Nina Vaca, and Harvard Business School Professor and ICIC Founder and Chairman Michael E. Porter.  Other speakers included Corey Thomas, CEO of Rapid 7, Loren Feldman of Forbes, Lynda Applegate and Amy Edmondson from Harvard Business School,  John Stuart of PTC, Robert Wallace, CEO of Bithenergy, and Brook Colangelo of Houghton Mifflin Harcourt.

“We are extraordinarily proud of these pioneering entrepreneurs who lead the way in economic revitalization in America’s inner cities,” says Steve Grossman, CEO of ICIC, of the list of 100.

The Inner City 100 program recognizes and supports successful inner city business leaders, and celebrates their role in providing innovation and job creation in America’s cities. These companies strengthen local American economies, provide job opportunities for underrepresented communities, and drive forward economic and social development.

Boasting an average five-year growth rate of 458 percent between 2011 and 2015, the 2016 Inner City 100 winners represent a wide span of geography, hailing from 42 cities and 25 states. Collectively, the winners employed 7,324 people in 2015, and on average over a third of their employees live in the same neighborhood as the company.

Highlights of the 2016 Inner City 100 include:

  • Employ 7,324 workers total in 2015.
  • Created 4,696 new jobs in the last five years.
  • On average, 34% of employees live in same neighborhood as the company.
  • Average company age is 16 years.
  • Average 2015 revenue is $12.2 million.
  • 34% are women-owned.
  • 37% are minority-owned.
  • 6% of the winners are certified B-Corps.
  • 26 industries represented in the top 100.

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Company description:  Sabre88 is a global consulting firm applying capabilities in financial services, billing support, FOIA, IT Help Desk Support, Data Entry and Document Scanning to government and commercial clients. With more than twenty years of combined personnel experience offering strategic solutions, Sabre88 staff advance the firm’s mission to provide civilian and defense agencies of the government with the necessary tools to address emerging challenges. Sabre88 was formed in January of 2008, with a mission to serve both civilian and defense agencies of the federal government. The founder, Robert Cottingham, Jr., started the firm out of a government need for innovative small businesses which provide a 100% customer focused service.

Inner City 100 Methodology: The Initiative for a Competitive Inner City (ICIC) defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan statistical areas. Every year, ICIC identifies, ranks, and spotlights the 100 fastest-growing businesses located in America’s inner cities. In 2016, Companies were ranked by revenue growth over the five-year period between 2011 and 2015. This list was audited by the independent accounting firm Rucci, Bardaro, and Falzone, PC.

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections and the Goldman Sachs 10,000 Small Businesses programs. Learn more at www.icic.org or @icicorg.

 

FOR IMMEDIATE RELEASE

Contact:

Benjamin Bratton
973-321-4886
bbratton@sabre88.com

Matt Camp, ICIC
(617) 238-3014
mcamp@icic.org

Google’s plan for computer supremacy

 

The field of quantum computing is undergoing a rapid shake-up, and engineers at Google have quietly set out a plan to dominate

SOMEWHERE in California, Google is building a device that will usher in a new era for computing. It’s a quantum computer, the largest ever made, designed to prove once and for all that machines exploiting exotic physics can outperform the world’s top supercomputers.

The quantum computing revolution has been a long time coming. In the 1980s, theorists realised that a computer based on quantum mechanics had the potential to vastly outperform ordinary, or classical, computers at certain tasks. But building one was another matter. Only recently has a quantum computer that can beat a classical one gone from a lab curiosity to something that could actually happen. Google wants to create the first.

“They are definitely the world leaders now, there is no doubt about it,” says Simon Devitt at the RIKEN Center for Emergent Matter Science in Japan. “It’s Google’s to lose. If Google’s not the group that does it, then something has gone wrong.”

We have had a glimpse of Google’s intentions. Last month, its engineers quietly published a paper detailing their plans (arxiv.org/abs/1608.00263). Their goal, audaciously named quantum supremacy, is to build the first quantum computer capable of performing a task no classical computer can.

“It’s a blueprint for what they’re planning to do in the next couple of years,” says Scott Aaronson at the University of Texas at Austin, who has discussed the plans with the team.

So how will they do it? Quantum computers process data as quantum bits, or qubits. Unlike classical bits, these can store a mixture of both 0 and 1 at the same time, thanks to the principle of quantum superposition. It’s this potential that gives quantum computers the edge at certain problems, like factoring large numbers. But ordinary computers are also pretty good at such tasks. Showing quantum computers are better would require thousands of qubits, which is far beyond our current technical ability.

Instead, Google wants to claim the prize with just 50 qubits. That’s still an ambitious goal – publicly, they have only announced a 9-qubit computer – but one within reach.

“It’s Google’s to lose. If Google’s not the group that does it, then something has gone wrong”

To help it succeed, Google has brought the fight to quantum’s home turf. It is focusing on a problem that is fiendishly difficult for ordinary computers but that a quantum computer will do naturally: simulating the behavior of a random arrangement of quantum circuits.

Any small variation in the input into those quantum circuits can produce a massively different output, so it’s difficult for the classical computer to cheat with approximations to simplify the problem. “They’re doing a quantum version of chaos,” says Devitt. “The output is essentially random, so you have to compute everything.”

To push classical computing to the limit, Google turned to Edison, one of the most advanced supercomputers in the world, housed at the US National Energy Research Scientific Computing Center. Google had it simulate the behaviour of quantum circuits on increasingly larger grids of qubits, up to a 6 × 7 grid of 42 qubits.

This computation is difficult because as the grid size increases, the amount of memory needed to store everything balloons rapidly. A 6 × 4 grid needed just 268 megabytes, less than found in your average smartphone. The 6 × 7 grid demanded 70 terabytes, roughly 10,000 times that of a high-end PC.

Google stopped there because going to the next size up is currently impossible: a 48-qubit grid would require 2.252 petabytes of memory, almost double that of the top supercomputer in the world. If Google can solve the problem with a 50-qubit quantum computer, it will have beaten every other computer in existence.

Eyes on the prize

By setting out this clear test, Google hopes to avoid the problems that have plagued previous claims of quantum computers outperforming ordinary ones – including some made by Google.

Last year, the firm announced it had solved certain problems 100 million times faster than a classical computer by using a D-Wave quantum computer, a commercially available device with a controversial history. Experts immediately dismissed the results, saying they weren’t a fair comparison.

Google purchased its D-Wave computer in 2013 to figure out whether it could be used to improve search results and artificial intelligence. The following year, the firm hired John Martinis at the University of California, Santa Barbara, to design its own superconducting qubits. “His qubits are way higher quality,” says Aaronson.

It’s Martinis and colleagues who are now attempting to achieve quantum supremacy with 50 qubits, and many believe they will get there soon. “I think this is achievable within two or three years,” says Matthias Troyer at the Swiss Federal Institute of Technology in Zurich. “They’ve showed concrete steps on how they will do it.”

Martinis and colleagues have discussed a number of timelines for reaching this milestone, says Devitt. The earliest is by the end of this year, but that is unlikely. “I’m going to be optimistic and say maybe at the end of next year,” he says. “If they get it done even within the next five years, that will be a tremendous leap forward.”

The first successful quantum supremacy experiment won’t give us computers capable of solving any problem imaginable – based on current theory, those will need to be much larger machines. But having a working, small computer could drive innovation, or augment existing computers, making it the start of a new era.

Aaronson compares it to the first self-sustaining nuclear reaction, achieved by the Manhattan project in Chicago in 1942. “It might be a thing that causes people to say, if we want a full-scalable quantum computer, let’s talk numbers: how many billions of dollars?” he says.

Solving the challenges of building a 50-qubit device will prepare Google to construct something bigger. “It’s absolutely progress to building a fully scalable machine,” says Ian Walmsley at the University of Oxford.

For quantum computers to be truly useful in the long run, we will also need robust quantum error correction, a technique to mitigate the fragility of quantum states. Martinis and others are already working on this, but it will take longer than achieving quantum supremacy.

Still, achieving supremacy won’t be dismissed.

“Once a system hits quantum supremacy and is showing clear scale-up behaviour, it will be a flare in the sky to the private sector,” says Devitt. “It’s ready to move out of the labs.”

“The field is moving much faster than expected,” says Troyer. “It’s time to move quantum computing from science to engineering and really build devices.”

 

Editor’s note: Original Source ‘NewScientist’

This article appeared in print under the headline “Google plans quantum supremacy”


Jacob Aron. “Revealed: Google’s plan for quantum computer supremacy”

NewScientist. N.p., Web. 31 August. 2016.