Category Archives: Quantum Computing

Comrehensive Report : Quantum Computing Market Global Analysis By Latest Trends, Share, Development And Growth By Regions To 2028 – Sound On Sound…

A Recent Research on Global Quantum Computing Market Provides A Professional, Well-designed Insights and In-depth, Comprehensive Analysis that can help you to make better business decisions for business growth.

Global Quantum Computing Market Definitive Research 2019-2028 represents a comprehensive presumption of the market and encloses authenticated figures, imperative future estimations, and facts of the market. Analysis of Quantum Computing market and its upcoming growth prospects is been mentioned with maximum precision. [To Know More Download FREE Sample PDF Here Now]This survey includes an elaborative summary of this market which also includes snapshots that offer the depth of information of various other segmentations. Through the qualitative and quantitative study of key factors that are responsible for boosting or hampering the market growth and the promising opportunities in this market have been provided. primary and assistive technologies for research is been done in detail which helps the players have a strong understanding of the complete market for the forecast period 2019 to 2028.

Well-known Prominent Players in the market are International Business Machines (IBM) Corporation, Google Inc, Microsoft Corporation, Qxbranch LLC, Cambridge Quantum Computing Ltd, 1QB Information Technologies Inc, QC Ware Corp., Magiq Technologies Inc, D-Wave Systems Inc, Rigetti Computing. The company profiles provided in the study include company synopsis, implemented business tactics, and major developments.

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Compressive outline of Quantum Computing Market depending on key factors and segmentations such as component, application, end-use industry, and region is elaborated. Estimated revenue and volume growth of this market over the mentioned upcoming years is also explained in detail. The former and current state of shares of the major key regions (North America, Europe, Asia-Pacific, Latin America, The Middle East, and Africa) are mentioned such that the idea of the best investment global regions can be drawn out.

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Comrehensive Report : Quantum Computing Market Global Analysis By Latest Trends, Share, Development And Growth By Regions To 2028 - Sound On Sound...

Anyscale, from the creators of the Ray distributed computing project, launches with $20.6M led by A16Z – TechCrunch

Open source has become a critical building block of modern software, and today a new startup is coming out of stealth to capitalise on one of the newer frontiers in open source: using it to build and manage distributed application environments, an approach being used increasingly to handle large computing projects, such as those involving artificial intelligence or scientific or other complex calculations.

Anyscale, a startup founded by the same team that built the Project Ray open source distributed programming framework out of UC Berkeley Robert Nishihara, Philipp Moritz, and Ion Stoica, and Berkeley professor Michael I. Jordan has raised $20.6 million in a Series A round of funding led by Andreessen Horowitz, with participation also from NEA, Intel Capital, Ant Financial, Amplify Partners, 11.2 Capital, and The House Fund.

The company plans to use the money to build out its first commercial products details of which are still being kept under wraps but will more generally include the ability to easily scale out a computing project from one laptop to a cluster of machines; and a group of libraries and applications to manage projects. These are expected to launch next year.

Right now we are focused on making Ray a standard fo building applications, said Stoica in an interview. The company will build tools and a runtime platform for Ray. So, if you want to run a Ray application securely and with high performance then you will use our product.

The funding is partly strategic: Intel is one of the big companies that has been using Ray for its own computing projects, alongside Amazon, Microsoft and Ant Financial.

Intel IT has been leveraging Ray to scale Python workloads with minimal code modifications, said Moty Fania, Principal Engineer and Chief Technology Officer for Intel ITs Enterprise and Platform Group, in a statement. With the implementation into Intels manufacturing and testing processes, we have found that Ray helps increase the speed and scale of our hyperparameter selection techniques and auto modeling processes used for creating personalized chip tests. For us, this has resulted in reduced costs, additional capacity and improved quality.

With a impressive user list like this for the free-to-use Ray, you might ask yourself, what is the purpose of Anyscale? As Stoica and Nishihara explained, the idea will be to create simpler and easier ways to implement Ray, to make it usable whether youre one of the Amazons of the world, or a more modest, and possibly less tech-centric operation.

We see that this will be valuable mostly for companies who do not have engineering experts, Stoica said.

The problem that Anyscale is solving is a central one to the future of large-scale, involved computing projects: there are an increasing array of problems that are being tackled with computing solutions, but as the complexity of the work involved increases, there is a limit to how much work a single machine (even a big one) can handle. (Indeed, Anyscale cites IDC figures estimating that the amount of data created and copied annually will reach 175 zettabytes by 2025.)

While one day there may be quantum-computing machines that can run efficiently and at scale to address these kinds of tasks, today this isnt a realistic option, and so distributed computing has emerged as a solution.

Ray was devised as a standard to use to implement distributed computing environments, but on its own its too technical for the uninitiated to use.

Imagine youre a biologist, added Nishihara. You can write a simple program and run it at a large scale, but to do that successfully you need not only to be a biology expert but a computing expert. Thats just way too high a barrier.

The people behind Anyscale (and Ray) have a long and very credible list of other work behind them already that speaks to the opportunities that are being spotted here. Stoica, for example, was also the co-founder of Databricks, Conviva and one of the original developers of Apach Spark.

I worked on Databricks with Ion and thats how it started, Andreessen Horowitz co-founder Ben Horowitz said in an interview. He added that the firm has been a regular investor into projects coming out of UC Berkeley. Ray and more specifically Anyscale is notable for its relevance to todays computing needs.

With Ray it was a very attractive project because of the open source metrics but also because of the issue it addresses, he said.

Weve been grappling with Moores Law being over, but more interestingly, its inadequate for things like artificial intelligence applications, where increasing computing power is needed that outstrips what any single machine can do. You have to be able to deal with distributed computing ,but the problem for everyone but Google is that distributed computing is hard, so we have been looking for a solution.

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Anyscale, from the creators of the Ray distributed computing project, launches with $20.6M led by A16Z - TechCrunch

What WON’T Happen in 2020: 5G Wearables, Quantum Computing, and Self-Driving Trucks to Name a Few – Business Wire

OYSTER BAY, N.Y.--(BUSINESS WIRE)--As 2019 winds down, predictions abound on the technology advancements and innovations expected in the year ahead. However, there are several anticipated advancements, including 5G wearables, quantum computing, and self-driving trucks, that will NOT happen in the first year of the new decade, states global tech market advisory firm, ABI Research.

In its new whitepaper, 54 Technology Trends to Watch in 2020, ABI Researchs analysts have identified 35 trends that will shape the technology market and 19 others that, although attracting huge amounts of speculation and commentary, look less likely to move the needle over the next twelve months. After a tumultuous 2019 that was beset by many challenges, both integral to technology markets and derived from global market dynamics, 2020 looks set to be equally challenging, says Stuart Carlaw, Chief Research Officer at ABI Research. Knowing what wont happen in technology in the next year is important for end users, implementors, and vendors to properly place their investments or focus their strategies.

What wont happen in 2020?

5G Wearables: While smartphones will dominate the 5G market in 2020, 5G wearables wont arrive in 2020, or anytime soon, says Stephanie Tomsett, 5G Devices, Smartphones & Wearables analyst at ABI Research. To bring 5G to wearables, specific 5G chipsets will need to be designed and components will need to be reconfigured to fit in the small form factor. That wont begin to happen until 2024, at the earliest.

Quantum Computing: Despite claims from Google in achieving quantum supremacy, the tech industry is still far away from the democratization of quantum computing technology, says Lian Jye Su, AI & Machine Learning Principal Analyst at ABI Research. Quantum computing is definitely not even remotely close to the large-scale commercial deployment stage.

Self-Driving Trucks: Despite numerous headlines declaring the arrival of driverless, self-driving, or robot vehicles, very little, if any, driver-free commercial usage is underway beyond closed-course operations in the United States, says Susan Beardslee, Freight Transportation & Logistics Principal Analyst at ABI Research.

A Consolidated IoT Platform Market: For many years, there have been predictions that the IoT platform supplier market will begin to consolidate, and it just wont happen, says Dan Shey, Vice President of Enabling Platforms at ABI Research. The simple reason is that there are more than 100 companies that offer device-to-cloud IoT platform services and for every one that is acquired, there are always new ones that come to market.

Edge Will Not Overtake Cloud: The accelerated growth of the edge technology and intelligent device paradigm created one of the largest industry misconceptions: edge technology will cannibalize cloud technology, says Kateryna Dubrova, M2M, IoT & IoE Analyst at ABI Research. In fact, in the future, we will see a rapid development of edge-cloud-fog continuum, where technology will complement each other, rather than cross-cannibalize.

8K TVs: Announcements of 8K Television (TV) sets by major vendors earlier in 2019 attracted much attention and raised many of questions within the industry, says Khin Sandi Lynn, Video & Cloud Services Analyst at ABI Research. The fact is, 8K content is not available and the price of 8K TV sets are exorbitant. The transition from high definition (HD) to 4K will continue in 2020 with very limited 8K shipments less than 1 million worldwide.

For more trends that wont happen in 2020, and the 35 trends that will, download the 54 Technology Trends to Watch in 2020 whitepaper.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Researchs global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

For more information about ABI Researchs services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit http://www.abiresearch.com.

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What WON'T Happen in 2020: 5G Wearables, Quantum Computing, and Self-Driving Trucks to Name a Few - Business Wire

Quantum computing leaps ahead in 2019 with new power and speed – CNET

A close-up view of the IBM Q quantum computer. The processor is in the silver-colored cylinder.

Quantum computers are getting a lot more real. No, you won't be playing Call of Duty on one anytime soon. But Google, Amazon, Microsoft, Rigetti Computing and IBM all made important advances in 2019 that could help bring computers governed by the weird laws of atomic-scale physics into your life in other ways.

Google's declaration of quantum supremacywas the most headline-grabbing moment in the field. The achievement -- more limited than the grand term might suggest -- demonstrated that quantum computers could someday tackle computing problems beyond the reach of conventional "classical" computers.

Proving quantum computing progress is crucial. We're still several breakthroughs away from realizing the full vision of quantum computing. Qubits, the tiny stores of data that quantum computers use, need to be improved. So do the finicky control systems used to program and read quantum computer results. Still, today's results help justify tomorrow's research funding to sustain the technology when the flashes of hype inevitably fizzle.

Now playing: Watch this: Quantum computing is the new super supercomputer

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Quantum computers will live in data centers, not on your desk, when they're commercialized. They'll still be able to improve many aspects of your life, though. Money in your retirement account might grow a little faster and your packages might be delivered a little sooner as quantum computers find new ways to optimize businesses. Your electric-car battery might be a little lighter and new drugs might help you live a little longer after quantum computers unlock new molecular-level designs. Traffic may be a little lighter from better simulations.

But Google's quantum supremacy step was just one of many needed to fulfill quantum computing's promise.

"We're going to get there in cycles. We're going to have a lot of dark ages in which nothing happens for a long time," said Forrester analyst Patrick Carroll. "One day that new thing will really change the world."

Among the developments in 2019:

Classical computers, which include everything from today's smartwatches to supercomputers that occupy entire buildings, store data as bits that represent either a 1 or a 0. Quantum computers use a different approach called qubits that can represent a combination of 1 and 0 through an idea called superposition.

Ford and Microsoft adapted a quantum computing traffic simulation to run on a classical computer. The result: a traffic routing algorithm that could cut Seattle traffic congestion by 73%.

The states of multiple qubits can be linked, letting quantum computers explore lots of possible solutions to a problem at once. With each new qubit added, a quantum computer can explore double the number of possible solutions, an exponential increase not possible with classical machines.

Quantum computers, however, are finicky. It's hard to get qubits to remain stable long enough to return useful results. The act of communicating with qubits can perturb them. Engineers hope to add error correction techniques so quantum computers can tackle a much broader range of problems.

Plenty of people are quantum computing skeptics. Even some fans of the technology acknowledge we're years away from high-powered quantum computers. But already, quantum computing is a real business. Samsung, Daimler, Honda, JP Morgan Chase and Barclays are all quantum computing customers. Spending on quantum computers should reach hundreds of millions of dollars in the 2020s, and tens of billions in the 2030s, according to forecasts by Deloitte, a consultancy. China, Europe, the United States and Japan have sunk billions of dollars into investment plans. Ford and Microsoft say traffic simulation technology for quantum computers, adapted to run on classical machines, already is showing utility.

Right now quantum computers are used mostly in research. But applications with mainstream results are likely coming. The power of quantum computers is expected to allow for the creation of new materials, chemical processes and medicines by giving insight into the physics of molecules. Quantum computers will also help for greater optimization of financial investments, delivery routes and flights by crunching the numbers in situations with a large number of possible courses of action.

They'll also be used for cracking today's encryption, an idea spy agencies love, even if you might be concerned about losing your privacy or some snoop getting your password. New cryptography adapted for a quantum computing future is already underway.

Another promising application is artificial intelligence, though that may be years in the future.

"Eventually we'll be able to reinvent machine learning," Forrester's Carroll said. But it'll take years of steady work in quantum computing beyond the progress of 2019. "The transformative benefits are real and big, but they are still more sci-fi and theory than they are reality."

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Quantum computing leaps ahead in 2019 with new power and speed - CNET

Quantum Computers Are the Ultimate Paper Tiger – The National Interest Online

Google announced this fall to much fanfare that it had demonstrated quantum supremacy that is, it performed a specific quantum computation far faster than the best classical computers could achieve. IBM promptly critiqued the claim, saying that its own classical supercomputer could perform the computation at nearly the same speed with far greater fidelity and, therefore, the Google announcement should be taken with a large dose of skepticism.

This wasnt the first time someone cast doubt on quantum computing. Last year, Michel Dyakonov, a theoretical physicist at the University of Montpellier in France, offered a slew of technical reasons why practical quantum supercomputers will never be built in an article in IEEE Spectrum, the flagship journal of electrical and computer engineering.

So how can you make sense of what is going on?

As someone who has worked on quantum computing for many years, I believe that due to the inevitability of random errors in the hardware, useful quantum computers are unlikely to ever be built.

Whats a quantum computer?

To understand why, you need to understand how quantum computers work since theyre fundamentally different from classical computers.

A classical computer uses 0s and 1s to store data. These numbers could be voltages on different points in a circuit. But a quantum computer works on quantum bits, also known as qubits. You can picture them as waves that are associated with amplitude and phase.

Qubits have special properties: They can exist in superposition, where they are both 0 and 1 at the same time, and they may be entangled so they share physical properties even though they may be separated by large distances. Its a behavior that does not exist in the world of classical physics. The superposition vanishes when the experimenter interacts with the quantum state.

Due to superposition, a quantum computer with 100 qubits can represent 2100 solutions simultaneously. For certain problems, this exponential parallelism can be harnessed to create a tremendous speed advantage. Some code-breaking problems could be solved exponentially faster on a quantum machine, for example.

There is another, narrower approach to quantum computing called quantum annealing, where qubits are used to speed up optimization problems. D-Wave Systems, based in Canada, has built optimization systems that use qubits for this purpose, but critics also claim that these systems are no better than classical computers.

Regardless, companies and countries are investing massive amounts of money in quantum computing. China has developed a new quantum research facility worth US$10 billion, while the European Union has developed a 1 billion ($1.1 billion) quantum master plan. The United States National Quantum Initiative Act provides $1.2 billion to promote quantum information science over a five-year period.

Breaking encryption algorithms is a powerful motivating factor for many countries if they could do it successfully, it would give them an enormous intelligence advantage. But these investments are also promoting fundamental research in physics.

Many companies are pushing to build quantum computers, including Intel and Microsoft in addition to Google and IBM. These companies are trying to build hardware that replicates the circuit model of classical computers. However, current experimental systems have less than 100 qubits. To achieve useful computational performance, you probably need machines with hundreds of thousands of qubits.

Noise and error correction

The mathematics that underpin quantum algorithms is well established, but there are daunting engineering challenges that remain.

For computers to function properly, they must correct all small random errors. In a quantum computer, such errors arise from the non-ideal circuit elements and the interaction of the qubits with the environment around them. For these reasons the qubits can lose coherency in a fraction of a second and, therefore, the computation must be completed in even less time. If random errors which are inevitable in any physical system are not corrected, the computers results will be worthless.

In classical computers, small noise is corrected by taking advantage of a concept known as thresholding. It works like the rounding of numbers. Thus, in the transmission of integers where it is known that the error is less than 0.5, if what is received is 3.45, the received value can be corrected to 3.

Further errors can be corrected by introducing redundancy. Thus if 0 and 1 are transmitted as 000 and 111, then at most one bit-error during transmission can be corrected easily: A received 001 would be a interpreted as 0, and a received 101 would be interpreted as 1.

Quantum error correction codes are a generalization of the classical ones, but there are crucial differences. For one, the unknown qubits cannot be copied to incorporate redundancy as an error correction technique. Furthermore, errors present within the incoming data before the error-correction coding is introduced cannot be corrected.

Quantum cryptography

While the problem of noise is a serious challenge in the implementation of quantum computers, it isnt so in quantum cryptography, where people are dealing with single qubits, for single qubits can remain isolated from the environment for significant amount of time. Using quantum cryptography, two users can exchange the very large numbers known as keys, which secure data, without anyone able to break the key exchange system. Such key exchange could help secure communications between satellites and naval ships. But the actual encryption algorithm used after the key is exchanged remains classical, and therefore the encryption is theoretically no stronger than classical methods.

Quantum cryptography is being commercially used in a limited sense for high-value banking transactions. But because the two parties must be authenticated using classical protocols, and since a chain is only as strong as its weakest link, its not that different from existing systems. Banks are still using a classical-based authentication process, which itself could be used to exchange keys without loss of overall security.

Quantum cryptography technology must shift its focus to quantum transmission of information if its going to become significantly more secure than existing cryptography techniques.

Commercial-scale quantum computing challenges

While quantum cryptography holds some promise if the problems of quantum transmission can be solved, I doubt the same holds true for generalized quantum computing. Error-correction, which is fundamental to a multi-purpose computer, is such a significant challenge in quantum computers that I dont believe theyll ever be built at a commercial scale.

[ Youre smart and curious about the world. So are The Conversations authors and editors. You can get our highlights each weekend. ]

Subhash Kak, Regents Professor of Electrical and Computer Engineering, Oklahoma State University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Image: Reuters

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Quantum Computers Are the Ultimate Paper Tiger - The National Interest Online

Quantum computing could be the next big security breakthrough – ITProPortal

The majority of cybersecurity professionals believe quantum computing will develop faster than other security technologies, but for them thats cause for concern.

According to a new report by the Neustar International Security Council (NISC), almost three quarters (74 per cent) are keeping a close eye on the tech, while 21 per cent are doing experiments of their own. To tackle the potential coming crisis, a third (35 per cent) are already developing a quantum strategy, while just 16 per cent arent yet thinking about it.

The vast majority believe quantum computing could become a problem for encryption within five years. Just seven per cent believe quantum supremacy will never happen.

At the same time, almost all CISOs, CSO, CTOs and other security directors are feeling excitement over the potential positive changes quantum computing may bring.

At the moment, we rely on encryption, which is possible to crack in theory, but impossible to crack in practice, precisely because it would take so long to do so, over timescales of trillions or even quadrillions of years, said Rodney Joffe, Chairman of NISC and Security CTO at Neustar.

Without the protective shield of encryption, a quantum computer in the hands of a malicious actor could launch a cyberattack unlike anything weve ever seen.

According to Joffe, the cybersecurity community is already hard at work, researching quantum-proof cryptography.

IT experts of every stripe will need to work to rebuild the algorithms, strategies, and systems that form our approach to cybersecurity, Joffe concluded.

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Quantum computing could be the next big security breakthrough - ITProPortal

D-Wave partners with NEC to build hybrid HPC and quantum apps – TechCrunch

D-Wave Systems announced a partnership with Japanese industrial giant NEC today to build what they call hybrid apps and services that work on a combination of NEC high-performance computers and D-Waves quantum systems.

The two companies also announced that NEC will be investing $10 million in D-Wave, which has raised $204 million prior to this, according to Crunchbase data.

D-Waves chief product officer and EVP of R&D, Alan Baratz, whom the company announced this week will be taking over as CEO effective January 1st, says the company has been able to do a lot of business in Japan, and the size of this deal could help push the technology further. Our collaboration with global pioneer NEC is a major milestone in the pursuit of fully commercial quantum applications, he said in a statement.

The company says it is one of the earliest deals between a quantum vendor and a multinational IT company with the size and scale of NEC. The deal involves three key elements. First of all, NEC and D-Wave will come together to develop hybrid services that combine NECs supercomputers and other classical systems with D-Waves quantum technology. The hope is that by combining the classical and quantum systems, they can create better performance for lower cost than you could get if you tried to do similar computing on a strictly classical system.

The two companies will also work together with NEC customers to build applications that will take advantage of this hybrid approach. Also, NEC will be an authorized reseller of D-Wave cloud services.

For NEC, which claims to have demonstrated the worlds first quantum bit device way back in 1999, it is about finding ways to keep advancing commercial quantum computing. Quantum computing development is critical for the future of every industry tasked with solving todays most complex problems. Hybrid applications and greater access to quantum systems is what will allow us to achieve truly commercial-grade quantum solutions, Motoo Nishihara, executive vice president and CTO at NEC Corporation, said in a statement.

This deal should help move the companies toward that goal.

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D-Wave partners with NEC to build hybrid HPC and quantum apps - TechCrunch

Security leaders fear that quantum computing developments will outpace security technologies – Continuity Central

DetailsPublished: Wednesday, 11 December 2019 07:59

More than half (54 percent) of cyber security professionals have expressed concerns that quantum computing will outpace the development of security technologies, according to new research from the Neustar International Security Council (NISC). Keeping a watchful eye on developments, 74 percent of organizations said that they are paying close attention to the technologys evolution, with 21 percent already experimenting with their own quantum computing strategies.

A further 35 percent of experts claimed to be in the process of developing a quantum strategy, while just 16 percent said they were not yet thinking about it. This shift in focus comes as the vast majority (73 percent) of cyber security professionals expect advances in quantum computing to overcome legacy technologies, such as encryption, within the next five years. Almost all respondents (93 percent) believe the next-generation computers will overwhelm existing security technology, with just 7 percent under the impression that true quantum supremacy will never happen.

Despite expressing concerns that other technologies will be overshadowed, an overwhelming number (87 percent) of CISOs, CSOs, CTOs and security directors are excited about the potential positive impact of quantum computing. The remaining 13 percent were more cautious and under the impression that the technology would create more harm than good.

At the moment, we rely on encryption, which is possible to crack in theory, but impossible to crack in practice, precisely because it would take so long to do so, over timescales of trillions or even quadrillions of years, said Rodney Joffe, Chairman of NISC and Security CTO at Neustar. Without the protective shield of encryption, a quantum computer in the hands of a malicious actor could launch a cyber attack unlike anything weve ever seen.

For both todays major attacks, and also the small-scale, targeted threats that we are seeing more frequently, it is vital that IT professionals begin responding to quantum immediately. The security community has already launched a research effort into quantum-proof cryptography, but information professionals at every organization holding sensitive data should have quantum on their radar. Quantum computing's ability to solve our great scientific and technological challenges will also be its ability to disrupt everything we know about computer security. Ultimately, IT experts of every stripe will need to work to rebuild the algorithms, strategies, and systems that form our approach to cyber security, added Joffe.

http://www.nisc.neustar

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Security leaders fear that quantum computing developments will outpace security technologies - Continuity Central

Recent Research: Quantum Computing Market with Future Prospects, Key Players SWOT Analysis and Forecast To 2029 – Sound On Sound Fest

A Recent Report published by MarketResearch.biz, with the title Global Quantum Computing Market Comprehensive Research and Forecast 2020-2029, provides detailed information on the market in a confident manner. Presentation of historical and projected revenue details in the report provides an in-depth understanding of the potentials in the globalQuantum Computing Marketcurrently and over the next 10 years. Estimated, projected and historical trends, restraints, drivers, opportunities, and threats are also explained in detail in the report. In addition, the report offers detailed and insightful profiles of the top players in the global market: International Business Machines (IBM) Corporation, Google Inc, Microsoft Corporation, Qxbranch LLC, Cambridge Quantum Computing Ltd, 1QB Information Technologies Inc, QC Ware Corp., Magiq Technologies Inc, D-Wave Systems Inc, Rigetti Computing

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Based on Segmentation, each type is studied as Sales, Quantum Computing Market Share (%), Revenue (Million USD), Price, Gross Margin and more similar information.

Segmentation on the basis of component:

HardwareSoftwareServicesSegmentation on the basis of application:

SimulationOptimizationSamplingSegmentation on the basis of end-use industry:

DefenseHealthcare & pharmaceuticalsChemicalsBanking & financeEnergy & power

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Recent Research: Quantum Computing Market with Future Prospects, Key Players SWOT Analysis and Forecast To 2029 - Sound On Sound Fest

D-Wave Announces Promotion of Dr. Alan Baratz to CEO – HPCwire

BURNABY, British Columbia, Dec. 10, 2019 D-Wave Systems Inc., the leader in quantum computing systems, software, and services, today announced that Dr. Alan Baratz will assume the role of chief executive officer (CEO), effective January 1, 2020. Baratz joined D-Wave in 2017 and currently serves as the chief product officer and executive vice president of research and development for D-Wave. He takes over from the retiring CEO, Vern Brownell.

Baratzs promotion to CEO follows the launch ofLeap, D-Waves quantum cloud service, in October 2018, and comes in advance of the mid-2020 launch of the companys next-generation quantum system,Advantage.

Baratz has driven the development, delivery, and support of all of D-Waves products, technologies, and applications in recent years. He has over 25 years of experience in product development and bringing new products to market at leading technology companies and software startups. As the first president of JavaSoft at Sun Microsystems, Baratz oversaw the growth and adoption of the Java platform from its infancy to a robust platform supporting mission-critical applications in nearly 80 percent of Fortune 1000 companies. He has also held executive positions at Symphony, Avaya, Cisco, and IBM. He served as CEO and president of Versata, Zaplet, and NeoPath Networks, and as a managing director at Warburg Pincus LLC. Baratz holds a doctorate in computer science from the Massachusetts Institute of Technology.

I joined D-Wave to bring quantum computing technology to the enterprise. Now more than ever, I am convinced that making practical quantum computing available to forward-thinking businesses and emerging quantum developers through the cloud is central to jumpstarting the broad development of in-production quantum applications, said Baratz, chief product officer and head of research and development. As I assume the CEO role, Ill focus on expanding the early beachheads for quantum computing that exist in manufacturing, mobility, new materials creation, and financial services into real value for our customers. I am honored to take over the leadership of the company and work together with the D-Wave team as we begin to deliver real business results with our quantum computers.

The company also announced that CEO Vern Brownell has decided to retire at the end of the year in order to spend more time at his home in Boston with his family. Baratz will become CEO at that time. During Brownells tenure, D-Wave developed four generations of commercial quantum computers, raised over $170 million in venture funding, and secured its first customers, including Lockheed Martin, Google and NASA, and Los Alamos National Laboratory. Brownell will continue to serve as an advisor to the board.

There are very few moments in your life when you have the opportunity to build an entirely new market. My 10 years at D-Wave have been rich with breakthroughs, like selling the first commercial quantum computer. I am humbled to have been a part of building the quantum ecosystem, said Brownell, retiring D-Wave CEO. Alan has shown tremendous leadership in our technology and product development efforts, and I am working with him to transition leadership of the entire business. This is an exciting time for quantum computing and an exciting time for D-Wave. I cant imagine a better leader than Alan at the helm for the next phase of bringing practical quantum computing to enterprises around the world.

With cloud access and the development of more than 200 early applications, quantum computing is experiencing explosive growth. We are excited to recognize Alans work in bringing Leap to market and building the next-generation Advantage system. And as D-Wave expands their Quantum-as-a-Service offerings, Alans expertise with growing developer communities and delivering SaaS solutions to enterprises will be critical for D-Waves success in the market, said Paul Lee, D-Wave board chair. I want to thank Vern for his 10 years of contributions to D-Wave. He was central in our ability to be the first to commercialize quantum computers and has made important contributions not only to D-Wave, but also in building the quantum ecosystem.

About D-Wave Systems Inc.

D-Wave is the leader in the development and delivery of quantum computing systems, software, and services and is the worlds first commercial supplier of quantum computers. Our mission is to unlock the power of quantum computing for the world. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, cybersecurity, fault detection, and financial modeling. D-Waves systems are being used by some of the worlds most advanced organizations, including Volkswagen, DENSO, Lockheed Martin, USRA, USC, Los Alamos National Laboratory, and Oak Ridge National Laboratory. With headquarters near Vancouver, Canada, D-Waves US operations are based in Palo Alto, CA and Bellevue, WA. D-Wave has a blue-chip investor base including PSP Investments, Goldman Sachs, BDC Capital, DFJ, In-Q-Tel, BDC Capital, PenderFund Capital, 180 Degree Capital Corp., and Kensington Capital Partners Limited. For more information, visit:www.dwavesys.com.

Source: D-Wave Systems Inc.

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D-Wave Announces Promotion of Dr. Alan Baratz to CEO - HPCwire