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Penn loses $100 million donation after its president’s bungled congressional hearing

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Asset manager Ross Stevens is withdrawing a donation to the University of Pennsylvania worth roughly $100 million.

Stevens’ decision comes after the presidents of Harvard, Penn, and MIT appeared before Congress this week to testify about antisemitism on campus. They came under fire after they evaded questions on whether calling for the genocide of Jews would violate their institutions’ codes of conduct.

In response to those questions, Penn President Elizabeth Magill said: “If the speech turns into conduct, it can be harassment.”

The school’s board of trustees held an emergency meeting Thursday as criticism mounted against her testimony, CNN reported.

In 2017, Stevens, the founder and CEO of Stone Ridge Asset Management, donated limited partnership units in his fund to Penn in order for the school to establish a center for innovation in finance. The donation is now worth about $100 million, according to a letter from Stevens’ lawyers to Penn.

“Mr. Stevens and Stone Ridge are appalled by the University’s stance on antisemitism on campus,” reads the letter, which Insider obtained a copy of. “Its permissive approach to hate speech calling for violence against Jews and laissez faire attitude toward harassment and discrimination against Jewish students would violate any policies of rules that prohibit harassment and discrimination based on religion, including those of Stone Ridge.”

The withdrawal of the donation marks an escalation of the backlash elite universities are facing following growing instances of antisemitism on campus. A number of wealthy donors had previously halted giving to colleges due to university reactions to the October 7 attacks on Israel, the war in Gaza, and antisemitism on campuses.

Stevens wrote a letter Thursday to Stone Ridge Asset Management staff explaining his decision.

“I have clear grounds to rescind Penn’s $100 million of Stone Ridge shares due to the conduct of President Magill,” he wrote, according to a copy of the letter reviewed by BI. “Absent a change in leadership and values at Penn in the very near future, I plan to rescind Penn’s Stone Ridge shares to prevent any further reputational and other damage to Stone Ridge as a result of our relationship with Penn and Liz Magill. I love Penn and it is important to me, but our firm’s principles are more important.”

As the uproar mounted against Magill and Penn this week, Magill released a video explaining her testimony.

“In that moment, I was focused on our university’s longstanding policies aligned with the US Constitution, which say that speech alone is not punishable,” Magill said in the video. “I was not focused on, but I should have been, the irrefutable fact that a call for genocide of Jewish people is a call for some of the most terrible violence human beings can perpetrate. It’s evil — plain and simple.”

Read the original article on Business Insider

Bills’ Sean McDermott used 9/11 terrorists to illustrate how team could come together in 2021

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Buffalo Bills head coach Sean McDermott came under fire Thursday when a lengthy series about his coaching tactics and style caught the eyes of the NFL world.

One specific 2021 team meeting appeared in Tyler Dunne’s Go Long Substack. McDermott used a head-scratching analogy during training camp. He was reportedly trying to illustrate how the team could come together following a season in which they had lost in the AFC Championship.

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Damien Harris, #22, head coach Sean McDermott and Josh Allen, #17 of the Buffalo Bills, stand for the national anthem before the game against the New York Giants at Highmark Stadium on October 15, 2023, in Orchard Park, New York. (Lauren Leigh Bacho/Getty Images)

Dunne, citing several sources, relayed what was said in the training camp meeting.

“He told the entire team they needed to come together,” Dunne wrote of McDermott. “But then, sources on-hand say, he used a strange model: the terrorists on September 11, 2001. He cited the hijackers as a group of people who were all able to get on the same page to orchestrate attacks to perfection. 

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“One by one, McDermott started asking specific players in the room questions. ‘What tactics do you think they used to come together?’ A young player tried to methodically answer. ‘What do you think their biggest obstacle was?’ A veteran answered, ‘TSA,’ which mercifully lightened the mood.”

An unnamed player spoke to Dunne about the meeting.

Sean McDermott looks on

Sean McDermott, head coach of the Buffalo Bills, looks on from the sideline prior to an NFL football game against the Denver Broncos at Highmark Stadium on November 13, 2023, in Orchard Park, New York. (Perry Knotts/Getty Images)

“I don’t know why he’s that awkward, but his social skills are lacking,” the player said. “Maybe he’s just wound-up thinking about ball. You’ve got to talk to the team every day. That’s one where maybe he heard it on a podcast. Next episode! That’s not the one to lead with. He was trying to bring the team together. It was a horrible, horrible reference. He missed the mark.”

McDermott, who is preparing the team for a Sunday evening matchup against the Kansas City Chiefs, was asked about the meeting on Thursday afternoon.

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“My intent in the meeting that day was to discuss the importance of communication and being on the same page with the team,” he said, via ESPN. “I regretted mentioning 9/11 in my message that day, and I immediately apologized to the team.

Sean McDermott stares

Buffalo Bills head coach Sean McDermott looks on from the sideline prior to an NFL football game against the Tampa Bay Buccaneers at Highmark Stadium on October 26, 2023, in Orchard Park, New York. (Cooper Neill/Getty Images)

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“Not only was 9/11 a horrific event in our country’s history, but a day that I lost a good family friend.”

Bills’ Jordan Phillips rips Jason Kelce after Eagles player accused him of dirty tactics

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Buffalo Bills defensive lineman Jordan Phillips didn’t mince words when he fired back at Philadelphia Eagles center Jason Kelce over the assertion he should be fined for his hit on guard Cam Jurgens when the two teams played last month.

Phillips even took a dig at Kelce’s “New Heights” podcast, which he hosts with his brother, Kansas City Chiefs tight end Travis Kelce, when he spoke to WROC-TV on Wednesday.

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Jason Kelce of the Philadelphia Eagles speaks with Travis Kelce of the Kansas City Chiefs after Super Bowl LVII at State Farm Stadium on Feb. 12, 2023, in Glendale, Arizona. (Cooper Neill/Getty Images)

“He is a well-respected guy around the league for whatever reason,” Phillips said. “Now he suddenly has a voice because he is on his brother’s podcast and what not, so he thinks he can use it. But the way he uses his voice, it doesn’t make any sense.”

Kelce, during a radio interview, suggested that Phillips attempted to injure Jurgens. Kelce pointed to one sequence while Philadelphia was running the “tush push” and accused Phillips of “purposely” trying to hurt Jurgens and called for Phillips to be fined.

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Jordan Phillips walks off

Buffalo Bills defensive tackle Jordan Phillips leaves the field at halftime during the Eagles game on Nov. 26, 2023, at Lincoln Financial Field in Philadelphia. (Kyle Ross/Icon Sportswire via Getty Images)

“When you look at the ‘tush push,’ he dives at somebody’s knees every play and tries to roll them up,” the Bills player explained. “For him to speak on somebody being dirty, I don’t think he has any right or any means to call for a fine when he does a whole bunch of stuff. I think it’s crazy for him to even mention that.

“I’m 335 pounds. How am I going to stop regardless? How do I know that the ball wasn’t going? After I saw the ball move, I put my eyes on him and I’m going to go.”

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Phillips has 1.5 sacks and 13 tackles in 12 games for the Bills this season.

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Jordan Phillips waves

Jordan Phillips of the Buffalo Bills before the Tampa Bay Buccaneers game at Highmark Stadium on Oct. 26, 2023, in Orchard Park, New York. (Timothy T Ludwig/Getty Images)

Buffalo fell to Philadelphia 37-34 in overtime. Buffalo is looking to bounce back with a win Sunday afternoon against the Kansas City Chiefs. They’re coming off a bye week and are 6-6 this season.

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Harvard scientists claim breakthrough, ‘advent of early error-corrected quantum computation’

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When industry insiders talk about a future where quantum computers are capable of solving problems that classical, binary computers can’t, they’re referring to something called “quantum advantage.”

In order to achieve this advantage, quantum computers need to be stable enough to scale in size and capability. By-and-large, quantum computing experts believe the largest impediment to scalability in quantum computing systems is noise.

Related: Moody’s launches quantum-as-a-service platform for finance

The Harvard team’s research paper, titled “Logical quantum processor based on reconfigurable atom arrays,” describes a method by which quantum computing processes can be run with error-resistance and the ability to overcome noise.

Per the paper:

“These results herald the advent of early error-corrected quantum computation and chart a path toward large-scale logical processors.”

Noisy qubits

Insiders refer to the current state of quantum computing as the Noisy Intermediate-Scale Quantum (NISQ) era. This era is defined by quantum computers with less than 1,000 qubits (the quantum version of a computer bit) that are, by-and-large, “noisy.”

Noisy qubits are a problem because, in this case, it means they’re prone to faults and errors.

The Harvard team is claiming to have reached “early error-corrected quantum computations” that overcome noise at world-first scales. Judging by their paper, they haven’t reached full error-correction yet, however. At least not as most experts would likely view it.

Errors and measurements

Quantum computing is difficult because, unlike a classical computer bit, qubits basically lose their information when they’re measured. And the only way to know whether a given physical qubit has experienced an error in calculation is to measure it. Th

Full error-correction would entail the development of a quantum system capable of identifying and correcting errors as they pop up during the computational process. So far, these techniques have proven very hard to scale.

What the Harvard team’s processor does, rather than correct errors during calculations, is add a post-processing error-detection phase wherein erroneous results are identified and rejected.

This, according to the research, provides an entirely new and, perhaps, accelerated pathway for scaling quantum computers beyond the NISQ era and into the realm of quantum avantage.

While the work is promising, a DARPA press release indicated that at least an order of magnitude greater than the 48 logical qubits used in the team’s experiments will be needed to “solve any big problems envisioned for quantum computers.”

The researchers claim the techniques they’ve developed should be scalable to quantum systems with over 10,000 qubits.