Many fields of finance involve complex optimization problems under strict time constraints — problems where even marginal improvements could generate immense value for firms. Could quantum computing bring such improvements? Two recent IBM studies with major financial industry participants have explored potential use cases for quantum computing in finance.Continue Reading Quantum Computing: Quantum Applications in Finance
Nira Pandya
Nira Pandya is a member of the firm’s Technology and IP Transactions Practice Group based in Boston.
Nira advises clients on a broad range of complex commercial transactions and strategic collaborations involving technology, intellectual property, and data.
As part of the firm’s Digital Health Initiative, Nira advises pharmaceutical, medical device, healthcare, and technology companies on the intellectual property and commercial considerations in collaborations and other transactions at the intersection of life sciences and technology. Her experience spans AI-enabled drug discovery and other data and tech-driven collaborations. Nira also co-leads Covington’s quantum computing initiative.
Nira is focused on delivering practical, business-aligned legal guidance -- a key aspect of her approach developed during a secondment with a leading technology company. Earlier in her career, she advised startups and private/public companies on growth, funding, M&A, and other corporate matters, broadening her transactional perspective.
Watch: Nira provides insights on the Life Sciences Industry, as part of our Quantum Computing video series.
Quantum-as-a-Service: Practical Considerations for Drafting and Negotiating Agreements
Quantum computing is beginning to move from labs into commercial deployment, and one of the main ways companies will be able to access this technology is through Quantum-as-a-Service (QaaS) offerings. Instead of companies investing in costly quantum hardware on-site, the QaaS model would allow them to tap into quantum capabilities via remote access services, much like they would with Software-as-a-Service (SaaS) arrangements. But while the delivery model may be akin to the SaaS model, quantum technology is still in its early stages and has unique hardware and infrastructure related challenges, as further described in a recent Covington blog post. Continue Reading Quantum-as-a-Service: Practical Considerations for Drafting and Negotiating Agreements
Harnessing the complementary power of AI and Quantum Computing
Artificial Intelligence (“AI”) continues to command attention as today’s prominent technological asset, revolutionizing key markets and sectors. Simultaneously, discussions of another advanced technology known as quantum computing have gained traction. Because both technologies expand the universe of problems that can be tackled by computers, one might wonder, if we have AI, do we also need…
Continue Reading Harnessing the complementary power of AI and Quantum Computing
Quantum Computing and its Impact on the Life Science Industry
Quantum computing uses quantum mechanics principles to solve certain complex mathematical problems faster than classical computers. Whilst classical computers use binary “bits” to perform calculations, quantum computers use quantum bits (“qubits”). The value of a bit can only be zero or one, whereas a qubit can exist as zero, one, or a combination of both states (a phenomenon known as superposition) allowing quantum computers to solve certain problems exponentially faster than classical computers.
The potential applications of quantum computing are wide-ranging and industry-agnostic. For instance, they could be used to enhance the analysis of large, complex data sets, optimize supply-chain processes, and enhance artificial intelligence (“AI”) technologies and improve machine learning algorithms.
Given the potential applications, quantum computing could have a significant impact on companies in the life sciences sector, and more specifically could be used to improve:Continue Reading Quantum Computing and its Impact on the Life Science Industry
U.S. AI and IoT Legislative Update – Year-End 2021
As 2021 comes to a close, we will be sharing the key legislative and regulatory updates for artificial intelligence (“AI”), the Internet of Things (“IoT”), connected and automated vehicles (“CAVs”), and privacy this month. Lawmakers introduced a range of proposals to regulate AI, IoT, CAVs, and privacy as well as appropriate funds to study developments in these emerging spaces. In addition, from developing a consumer labeling program for IoT devices to requiring the manufacturers and operators of CAVs to report crashes, federal agencies have promulgated new rules and issued guidance to promote consumer awareness and safety. We are providing this year-end round up in four parts. In this post, we detail IoT updates in Congress, the states, and federal agencies.
Continue Reading U.S. AI and IoT Legislative Update – Year-End 2021
U.S. AI and IoT Legislative Update – Year-End 2021
As 2021 comes to a close, we will be sharing the key legislative and regulatory updates for artificial intelligence (“AI”), the Internet of Things (“IoT”), connected and automated vehicles (“CAVs”), and privacy this month. Lawmakers introduced a range of proposals to regulate AI, IoT, CAVs, and privacy as well as appropriate funds to study developments in these emerging spaces. In addition, from developing a consumer labeling program for IoT devices to requiring the manufacturers and operators of CAVs to report crashes, federal agencies have promulgated new rules and issued guidance to promote consumer awareness and safety. We are providing this year-end round up in four parts. In this post, we detail CAV updates in Congress and federal agencies.
Continue Reading U.S. AI and IoT Legislative Update – Year-End 2021
U.S. AI and IoT Legislative Update – Year-End 2021
As 2021 comes to a close, we will be sharing the key legislative and regulatory updates for artificial intelligence (“AI”), the Internet of Things (“IoT”), connected and automated vehicles (“CAVs”), and privacy this month. Lawmakers introduced a range of proposals to regulate AI, IoT, CAVs, and privacy as well as appropriate funds to study developments in these emerging spaces. In addition, from developing a consumer labeling program for IoT devices to requiring the manufacturers and operators of CAVs to report crashes, federal agencies have promulgated new rules and issued guidance to promote consumer awareness and safety. We are providing this year-end round up in four parts. In this post, we detail data privacy updates in Congress and federal agencies.
Continue Reading U.S. AI and IoT Legislative Update – Year-End 2021
U.S. AI and IoT Legislative Update – Year-End 2021
As 2021 comes to a close, we will be sharing the key legislative and regulatory updates for artificial intelligence (“AI”), the Internet of Things (“IoT”), connected and automated vehicles (“CAVs”), and privacy this month. Lawmakers introduced a range of proposals to regulate AI, IoT, CAVs, and privacy as well as appropriate funds to study developments in these emerging spaces. In addition, from developing a consumer labeling program for IoT devices to requiring the manufacturers and operators of CAVs to report crashes, federal agencies have promulgated new rules and issued guidance to promote consumer awareness and safety. We are providing this year-end round up in four parts. In this post, we detail AI updates in Congress, state legislatures, and federal agencies.
Continue Reading U.S. AI and IoT Legislative Update – Year-End 2021
NHTSA Amends Standing General Order on Automated Vehicle Crash Reporting

NHTSA recently issued a First Amended Standing General Order requiring electronic portal submission of crash incident data for automated and semi-autonomous vehicles. As of August 12, 2021, automated motor vehicle manufacturers, motor vehicle equipment manufacturers, and operators will be required to report and upload crash incident data within 24 hours to the NHTSA Incident Report…
Continue Reading NHTSA Amends Standing General Order on Automated Vehicle Crash Reporting
IoT Update: The Road Ahead for Connected and Automated Vehicle Developments in Washington

Connected and automated vehicle (“CAV”) developments in Washington are likely to pick up speed as 2021 rolls in. Indeed, a new presidential administration, new agency leadership, and a new Congress may drive new CAV regulation while also spurring innovation in an industry that many believe can enhance road safety, mobility, and accessibility. For instance, John Porcari, a Biden-Harris campaign advisor and former U.S. Deputy Secretary of Transportation under President Barack Obama, recently indicated that transportation agencies under President Biden would prioritize innovation and technological change and adopt a federal framework for autonomous vehicles.
Lawmakers and regulators, furthermore, will have the opportunity to build on some of the initiatives that picked up speed during the fall of 2020, such as the Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act (H.R. 8350) (“SELF DRIVE Act”), the National Highway Traffic Safety Administration’s (“NHTSA”) AV TEST tool, and NHTSA’s request for comment on its proposed framework for Automated Driving Systems (“ADS”) safety. Additionally, the Federal Communications Commission’s (“FCC”) adoption of rules to modernize the 5.9 GHz Band could spur the deployment of CAV technology, and the new administration may reinvigorate inter-agency efforts to examine consumer data privacy and security issues posed by CAVs, as well as CAV-related developments in infrastructure. This post looks down the road ahead for CAV developments in Washington.
Continue Reading IoT Update: The Road Ahead for Connected and Automated Vehicle Developments in Washington