Category Archives: Quantum Computing
China’s Quantum Satellite Program Designed to Transmit Unhackable Information – Tom’s Hardware
Achieving higher-orbit quantum communications remains an objective for all institutional and private players with enough expertise and funding to consider it. And while quantum computing and the capability to communicate in unbreakable, unsnoopable channels is of interest to most entities, only China has manifested a low-orbit satellite Micius that enables two-way research and quantum information traffic between space and the surface. This was back in 2016 the US doesnt have a publicly-known, operational Quantum Key Distribution satellite system, and Europes is only expected to launch next year.
Not one to rest on its laurels, China is nonetheless aiming to take QKD (Quantum Key Distribution) communication to new heights, and is plotting out the ways to break its current, 310-mile (~500 km) geostationary orbit limit towards an impressive 6,200 mile (10,000 km) radius.
"Low-orbit quantum key satellite networking and medium- and high-orbit quantum science experiment platforms are the main development directions in the future," said Wang Jianyu, dean of the Hangzhou Advanced Research Institute of the Chinese Academy of Sciences (CAS). While timelines werent given for medium or high-orbit QKD, work is underway in understanding what problems need to be solved to get there.
Of course, satellites sitting at higher orbits could cover larger portions of the surface and additional ground stations, enabling a wider and more resilient quantum network coverage. But distance isnt exactly helpful in increasing the survival of information-carrying qubits, and high-orbit satellites will require improved on-board micro-vibration suppression technology so spacecraft can send precise optical or laser signals. Fortunately, photons within the 1550nm band (used in our day-to-day fiber optics communications) can be leveraged for this, facilitating a number of implementation and adaptation steps.
Current satellite-based quantum communications leverages the entanglement susceptibility of photons individual light particles that can be quantized towards using them as information carriers. Much like the binary system of information, a single photon can be polarized in one way or another in being able to discern more than one state, they can be encoded into information.
Due to this ability to encode useful information within photons, QKD leverages the property of entanglement to make it so that two separate photons become a qubit pair a single system, where to describe one of them requires describing the other. Because theyre light-based, photonic qubits showcase a higher resilience to outside interference, placing them as the prime candidates towards ferrying sensitive information across long distances and specifically between the Earth, its atmosphere, and space.
At this stage, the information (the entangled photon) reaching its destination or not becomes dependent on the absence of interference that could lead to a collapse of its entangled state. This collapse would also lead to the loss of all in-transit information.
What light-speed quantum key distribution and quantum-key-encrypted communications will lead to is to a future where certain communications streams will become unhackable but, up to a point, blockadeable (up to a point) by savvy-enough opponents. This has implications in the design of quantum communications systems for higher reliability and redundancy, as interrupted communications can have just as dire consequences as it being unencrypted.
Micius was recently used to successfully distribute quantum keys between the cities of Delingha and Nashan (756 miles apart) and, in 2018, between the Austrian city of Braz and the Chinese city of Xinglong an intercontinental quantum key distribution separated by some 4,700 miles (7,600 kilometres). Meanwhile, Europes own QKD system as orchestrated by the European Space Agency (ESA) expects to see the first European QKD satellite Eagle-1 in space from 2024.
Its clear that China is looking to capitalize on the years of experience it has low-orbit QKD system, and plans to increase its resiliency and redundancy. Considering the limited throughput of current QKD systems, however, itll likely be decades before these applications become pervasive and even more before theyre used for communications in non-critical systems.
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China's Quantum Satellite Program Designed to Transmit Unhackable Information - Tom's Hardware
7 Quantum Computing Stocks That AI Will Send Soaring – InvestorPlace
Quantum computing stocks represent an industry that has been around for a while. The field leverages quantum mechanics at subatomic scales and is being applied to boost computing speeds.
Quantum computing has, in the past few years, begun to get more and more attention. The sector really heated up during the pandemic pre-quantitative tightening. It cooled as rates increased and riskier lending became more expensive.
As we approach peak interest rates and an end nears, investors will begin to look at quantum computing stocks again. AI is a big part of the logic behind doing so. It will supercharge development in the field and could lead to breakthroughs. Thus, its a good idea to invest early in anticipation of the reemergence of quantum computing stocks.
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Investors would be wise to consider Defiance Quantum ETF (NYSEARCA:QTUM) for a balanced, low-risk introduction to quantum computing stocks. Its largest holding is the second firm discussed in this article, IonQ, at 2.27%.
QTUM shares offer lower operating costs, ease of trading, transparency, and tax efficiency when compared to individual stocks. Defiance Quantum ETF tracks the BlueStar Quantum Computing and Machine Learning Index. Given its AI/ML exposure, it should be no surprise then that QTUM shares have appreciated quickly this year. Theyve returned 14.97% year-to-date and more than 21% over the last year.
Youll pay 0.4% in net expense ratio to have your investment managed by a portfolio manager. 1% is the net expense ratio considered too high generally speaking, so QTUM shares are not expensive.
QTUM shares have ranged as high as $53 over the last 52 weeks and as AI has cooled theyve fallen back to $44 at present. That is a good entry point for inexpensive exposure to the confluence of AI and quantum computing.
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IonQ (NYSE:IONQ) is your best bet for maximum exposure to the growth of the quantum computing sector. The company does all quantum computing development and IPOd earlier this year through a special purpose acquisition company (SPAC).
To be clear, IonQ is in many ways, the opposite of QTUM, immediately above. Start-ups, SPACs, and emerging technology all under one roof equates to higher risk overall.
IonQ is heavily invested in cloud computing. The firm is partnered with the 3 major cloud firms. The confluence of quantum computing, AI, and cloud promises to produce real growth moving forward that can make investors a lot of money.
IonQs most powerful computer, called Aria, is being leveraged toward Amazons AWS services and its leading cloud. That makes it a strong bet overall given AWS dominance.
IonQ isnt making much money right now and is going to continue to invest heavily and incur large expenses for the near future, but if it pays off, itll pay off big.
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IBM (NYSE:IBM) stock has floundered over the last decade. Its a legacy technology firm that has lost its way and is trying to regain its former glory. IBMs strategy to do so includes a focus on AI, cloud, and a segment dedicated to quantum computing.
Those bets are paying off. The company has leveraged its Watson AI and focused on creating a suite of generative AI tools. Early booking data suggests that IBMs strategy is working and an annual run rate of $1 billion is expected after the firm bested expectations.
IBM has a dedicated quantum computing business unit, IBM Quantum. More than 200 firms and research organizations are using IBM Quantum to develop enterprise solutions in the field. IBM is aligned with the defense sector as it relates to quantum computing and AI. Other defense adjacent firms including Palantir (NYSE:PLTR) have soared this year as AI begins to take root in the national security realm.
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FormFactor (NASDAQ:FORM) is a semiconductor firm that also makes cooling equipment used in quantum computing.
The stock benefits from trends that are just catching on and with chip demand likely to grow alongside AIs continued growth, FormFactor will grow. The company sells test equipment. Thus, its a picks-and-shovels play.
Outside of chip testing equipment, FormFactor also sells cryogenic systems. The so-called probe stations are chambers that are cooled to extremely low temperatures and used for testing chips for defects. Those same chambers have utility in quantum computing which also requires powerful chips.
FormFactor clearly benefits from secular trends. The long-term potential of the chip sector is high. Expectations of continued growth due to AI, machine learning, and quantum computing give FormFactor powerful catalysts overall.
Its cooling and testing equipment has every chance to be sold at higher volumes in the near future and its shares will ebb and flow with the chip sector.
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Name a technology, and Microsoft (NASDAQ:MSFT) probably has some interest and exposure thereto.
Microsoft has laboratories and world-class researchers in any number of fields doing varied research. Quantum computing is part of that.
Hardware, software, specialized cooling equipment, and more are being developed by the company. If Microsoft decides that quantum computing is the next big thing, expect it to move first as it did with OpenAI and ChatGPT. Its an industry shaper so the fact that it is developing quantum computers is a signal worth watching.
Investing in Microsoft is not a strong investment in quantum computing per se. Quantum computing revenues are a very minor part of its business. Choose MSFT shares for the dozen other strengths it possesses but keep in mind that quantum computing is a part of it.
Azure is a major cloud provider. AI is being integrated there as fast as possible. Quantum computing promises to accelerate AI and could realistically compound the rapid shifts were already experiencing. That makes MSFT a strong bet and it offers much less risk than upstart firms in the space.
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Intel (NASDAQ:INTC) used to be the biggest chip stock. It isnt any longer following many missteps. That leaves Intel, like IBM, searching for its former glory.
The companys strategy to turn itself around rests on several pillars. The firms Arizona chip factories are a big part of that strategy.
Intel is positioning itself to take advantage of shoring up its efforts in the semiconductor industry. Construction of those factories is the major driver of its turnaround.
Intel is also developing a quantum computing chip called Tunnel Falls. The company is working with its partners to test that chip as part of its overall turnaround effort. As with the other large tech firms here, Intel isnt yet moving heavily into quantum computing. It remains a future technology that is part of a longer-term vision.
AI is the current focus along with reshoring. In time though, quantum computing chips like Tunnel Falls will play a bigger part in Intels turnaround story.
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Honeywell (NASDAQ:HON) offers industrial software and is a stock thats commonly mentioned alongside megatrends like IoT and to a degree, AI.
The company recently reorganized into three business segments to take advantage of mega-trends. Itll now be automation, aviation, and energy transition that drive Honeywell overall.
The move is unlikely to change much of Honeywells dayto-day operations and it will continue to do much of the same things. Itll still be heavily focused on the IoT building automation opportunity. More and smarter chips will be required for that effort. In short, its the same industrial firm it was with a slightly revamped direction.
However, Honeywell is also a quantum computing firm which many people might not recognize. Honeywell built a quantum computing unit which was spun off, merged, and is now known as Quantinuum. Honeywell owns a 54% stake in that firm.
That means Honeywell is a lesser-known quantum computing firm with a vested interest in the continued development of the sector and a revenue-generating asset therein.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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7 Quantum Computing Stocks That AI Will Send Soaring - InvestorPlace
How quantum computing could transform the banking sector – FinTech Magazine
Quantum banking is, perhaps, one of the least championed trends within financial services today yet it still has the potential to have a significant impact on the financial system.
It revolves around quantum computing and blockchain to build a faster payments mechanism that is also cheaper to operate, because it removes the so-called middlemen who have often been needed in traditional peer-to-peer payments.
Suhail Bin Tarraf, Group Chief Operations Officer at First Abu Dhabi Bank, says: Computers today use bits to run operations, however a quantum computer uses qubits to perform multidimensional algorithms in real time. Just like classical bits, a quantum bit must have two separate states: one representing 0 and one representing 1.
However, a quantum bit can also exist in states of superposition, be subjected to incompatible measurements, and be intertwined with other quantum bits creating a multitude of unique combinations. The recent developments in harnessing these unique traits makes qubits much more powerful than classical bits.
Duke Munoz, Sales Representative at TechEniac, continues: In quantum computing, 0 and 1 can coexist, or even intertwine, leading to a multitude of calculations even with the same input.
This revolutionary technology has enabled a more secure, efficient, and counterfeit-resistant financial system, making it a promising development in the world of finance.
Indeed, so promising is it that MarketsandMarkets forecasts the global quantum computing market to reach US$1.77bn by 2026, up significantly from US$472m in 2021, recording a compound annual growth rate in excess of 30%. If adopted correctly, financial services could be one of the biggest proponents of quantum computing, benefitting from this value creation in the process.
One of the most considerable advantages that quantum banking provides over alternative methods of banking and moving money is the increased speed. Quantum computing can process data 10 million times faster even than supercomputers, highlighting the astounding capacity that this emerging technology possesses.
The authors of an IBM report into quantum banking explain the technical advantages that lurk beneath the hood: The solution space of a quantum computer is orders of magnitude larger than traditional computers even immensely powerful ones. Thats because doubling the power of a classical computer requires about double the number of transistors working on a problem. The power of a quantum computer can be approximately doubled each time only one qubit is added.
This system in turn provides powerful advantages to financial institutions and other players within the banking space and its not going unnoticed by the industry. A recent report published by Temenos surveyed 300 executives across retail, commercial and private banking around the world. Among other things, it found that 63% of executives thought new technologies including quantum computing would have the biggest impact on banks in the next five years, compared to just 34% for the next most popularly cited trend: changing customer behaviours.
This figure is a couple of percentage points lower than it was two years ago, suggesting a slight COVID-19 tempering of expectations, but significantly higher than it was in 2019 the last full year unaffected by the pandemic with just 42% of executives surveyed as part of Temenos 2019 research saying that these technologies would be the biggest driver of change.
Speaking at the time the research was released, Jonathan Birdwell, Global Head of Policy and Insights for Economist Impact, which conducted this survey on behalf of Temenos, claimed that banks were aware of the onus that these expectations placed upon them: New technology and customer demands are the top two trends expected to impact banking in the next five years. To maintain their direct connection with the consumer, banks are recognising that they must become true digital ecosystems.
Another significant use-case for quantum banking lies around risk, which continues to be an operational tug-of-war for banks of all sizes. Quantum computing can perform operations magnitudes quicker, meaning complex financial information such as the data that goes into assessing credit risk, for example can be analysed quickly and with more accuracy.
A study published earlier this year by Ernest & Young (EY) highlights the complex risk landscape that banks are operating in: it claims that CROs face an extraordinary volume and variety of risks, both traditional and emerging, which all seem to be growing in urgency. Yet their biggest challenge lies in understanding how these risks intersect with each other to create potential points of failure within their organisation, even when traditional risk management metrics look stable.
Cyber risk is the top risk priority for the next 12 months, according to CROs, the study says. But credit risk may soon become more of a focal point if economic conditions worsen. Clearly, then, this necessitates improved technology to help financial institutions manage the plethora of risks they face on a daily basis. Could quantum banking be a solution?
Authors of a report from UK Finance previously wrote: Quantum computing will have applications across financial services, transforming the way we approach investment, risk, AI and security and offering financial services firms that seize the opportunities an early advantage.
Financial services firms should be considering how they prepare for the quantum computing technology that looks certain to transform the market. Failing to do so risks others developing the ability to move faster in the short term and to attract the resources that will be essential for long-term success.
Suhail Bin Tarraf, Group Chief Operations Officer at First Abu Dhabi Bank, continues: Outside of risk management, quantum supercomputing will lead to a range of banking capabilities, such as analysing large areas of unstructured data to make financial predictions or simulate investment portfolios. It will lead to a greater understanding of financial markets and economic booms or busts as well as management of asset allocation.
Experts believe that the commercialised use of quantum computing is still about a decade away. Scalability, cost, maintenance, legacy technology, and regulatory scrutiny are a few of the challenges in store for banks. However, early movers are likely to have an advantage and the chance for gaining a competitive foothold will not be free for long.
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How quantum computing could transform the banking sector - FinTech Magazine
Tackling the challenges of quantum computing seriously – Shoosmiths
At the end of last week, the FT published a guest article on quantum computing.
For those unfamiliar with quantum computing, it is the technology that will be capable of harnessing the powers of quantum mechanics to solve problems which are too complex for classical computers (the computers of today).
Classical computing employs streams of electrical impulses to encode information: an electrical impulse may be only 1 or 0 (i.e. on or off) a classical 'bit. In quantum mechanics particles can exist in more than one state at a time. In binary terms, this means that a quantum bit (known as a "qubit") can be both 1 and 0 at the same time. If a computer can be built that harnesses this quantum mechanical phenomena, then it should be able to solve complex problems much faster than classical computers or problems too complex for classical computers to solve.
In 1994, Peter Shor (a mathematician) wrote an algorithm (known as Shor's Algorithm) that could crack the Rivest-Shamir-Adleman (RSA) algorithm. RSA is a suite of cryptographic algorithms that are used for systems security purposes it secures huge amounts of sensitive data from national security to personal data within a firms systems and as it is being sent externally. Shors Algorithm is not capable of running on classical computers: it requires quantum computing to be effective.
Quantum computing is not a pipe dream: there are myriad firms working on developing it; and there are firms which do produce hardware with limited quantum computing capability at the moment (which works alongside classical computers). It may be decade before quantum computing becomes a reality (and many more years before it is commoditised), however, when it does, it will change the way in which we all need to secure our data. The security of both previous and future communications/storage will be at risk (or non-existent). In 2020, the UKs National Cyber Security Centre published a white paper Preparing for Quantum-Safe Cryptography. In its conclusions, it stated that there is unlikely to be a single quantum-safe algorithm suitable for all applications. In 2021, the NCSC announced its first quantum-safe algorithm. In 2022, the U.S. Department of Commerces National Institute of Standards and Technology (NIST) announced its first four quantum-resistant cryptographic algorithms.
The Digital Regulation Cooperation Forum bringing together four leading regulators in the UK published its Quantum Technologies Insights Paper earlier this year (June 2023). The paper considers the potential of quantum computing and the issues that need to be considered now as in now to prepare the world for this next big chapter in computing technology.
There are a few things to note:
The author of the FT article ended with a limerick written by Shor himself. We will end with an idiom. In binary.
01101001 01101110 00100000 01110100 01101000 01100101 00100000 01110111 01101111 01110010 01100100 01110011 00100000 01101111 01100110 00100000 01010011 01100101 01110010 01100111 01100101 01100001 01101110 01110100 00100000 01000101 01110011 01110100 01100101 01110010 01101000 01100001 01110101 01110011 00111010 00100000 01100010 01100101 00100000 01100011 01100001 01110010 01100101 01100110 01110101 01101100 00100000 01101111 01110101 01110100 00100000 01110100 01101000 01100101 01110010 01100101 00101110
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Tackling the challenges of quantum computing seriously - Shoosmiths
Global Quantum Computing Market Projected to Reach $856.33 Million by 2023, with a CAGR of 40.07% – Yahoo Finance
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Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Global Quantum Computing Market (by Component, Application, Technology, End-user, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global quantum computing market is poised for remarkable growth, with a projected value of US$856.33 million by 2023, reflecting an impressive compound annual growth rate (CAGR) of 40.07% during the forecast period from 2022 to 2027.
Quantum computing, an emerging and innovative technology, leverages the laws of quantum mechanics to solve complex problems that are beyond the capabilities of classical computers. Quantum computers utilize "qubits" as fundamental units of quantum information, allowing for unprecedented computational power.
The adoption of quantum computing is being driven by the increasing demand for high-speed computing, the growing utilization of quantum mechanics in encryption, the expanding applications of quantum computing in drug discovery, and other factors.
Segment Coverage
By Component: The global quantum computing market is categorized into three primary segments by component: Hardware, Software, and Services. The hardware segment currently holds the largest share in the quantum computing market, while the services segment is anticipated to exhibit the highest CAGR. The growth in the services segment is attributed to the rising number of startups globally and substantial investments in research and development activities related to computing technology.
By Application: The market report segments the global quantum computing market into three application segments: Optimization, Machine Learning, and Material Simulation. The optimization segment holds the majority of the market share, with the machine learning segment expected to experience the fastest growth. Quantum computing plays a pivotal role in enhancing capacity, runtime, and learning efficiency, contributing to the rapid growth of machine learning applications.
By Technology: Further segmentation of the market is based on technology, including Quantum Annealing, Superconducting, Trapped Ion, Quantum Dot, and Others. The superconducting segment dominates the market due to its ability to facilitate faster quantum operations compared to other technologies.
By End-User: The global quantum computing market is divided into twelve end-user segments: Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life Sciences, Manufacturing, Oil, Gas, and Mining, and Others. The agriculture segment is poised to grow at the highest CAGR due to the adoption of data analytics and AI-backed crop intelligence solutions, which enhance farmers' decision-making processes and crop management practices.
Story continues
Geographic Coverage
The global quantum computing market is analyzed across five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America, including the US, Canada, and Mexico, currently dominates the market due to well-established technology development centers, increased research and development activity, and early adoption of advanced technologies.
The Asia Pacific region is expected to lead the global quantum computing market during the forecast period, driven by the rapid expansion of the banking and finance industry, continuous advancements in the information technology sector, and growing utilization of emerging technologies in industrial manufacturing.
Top Impacting Factors
Growth Drivers:
Rising Investments in Quantum Technology: Increased investments in quantum technology have propelled innovation and development in the quantum computing market.
Increase in Quantum Computing Start-ups: The emergence of quantum computing startups is fostering competition, innovation, and growth in the market.
Growing Number of Strategic Partnerships & Collaborations: Partnerships and collaborations between companies and research institutions are accelerating the advancement of quantum computing technologies.
Surging Demand for High Performance Computing (HPC): The demand for quantum computing integration into high-performance computing environments is driven by the need to accelerate data processing and analytics.
Challenges:
High Cost of Quantum Computing Solutions: Quantum computers require specialized components, operate at extremely low temperatures, and involve significant costs, which may limit their accessibility.
Stability and Error-correction Issues: Ensuring the stability and accuracy of quantum computing systems, including error correction, remains a technical challenge.
Trends:
Increasing Adoption of Cloud-Based Quantum Computing: Cloud-based quantum computing solutions are gaining popularity, making quantum computing more accessible to a broader range of users.
Integration of Quantum Computing with IoT (Internet of Things): The integration of quantum computing with IoT is enhancing the efficiency and security of existing systems.
Popularity of Quantum Mechanics in Cryptography Proteomics: Quantum mechanics is gaining prominence in cryptography and proteomics, further driving the adoption of quantum computing.
Technological Advancement in Quantum Computing: Ongoing advancements in quantum computing technology are leading to improved performance, scalability, and reliability.
The COVID-19 Impact
The COVID-19 pandemic underscored the importance of rapid data processing and analysis. Quantum computing technologies found applications in addressing pandemic-related challenges, and the demand for quantum solutions increased as organizations sought more efficient computational methods.
Analysis of Key Players
The global quantum computing market is characterized by a diverse range of players, including major tech companies, special-purpose acquisition companies (SPACs), and startups operating on a global scale. Key players in the market include:
Alphabet Inc. (Google Cloud Platform)
Microsoft Corp. (Microsoft Azure)
Amazon.Com, Inc. (Amazon Web Services, Inc.)
IBM
Intel Corporation
Alibaba Group (Alibaba Cloud)
Nvidia Corporation
Toshiba Corporation
Rigetti Computing
Quantum Computing Inc.
QC Ware Corp.
Ion Q
Zapata Computing
Xanadu Quantum Technologies Inc.
D-Wave Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/s783ia
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Global Quantum Computing Market Projected to Reach $856.33 Million by 2023, with a CAGR of 40.07% - Yahoo Finance
Quantum Brilliance Partners with STFC Hartree Centre to Make … – HPCwire
LONDON, Nov. 1, 2023 Quantum Brilliance, a leading developer of miniaturized, room-temperature quantum computing products and solutions, today announced a strategic collaboration with the UK-based Science and Technology Facilities Council (STFC)s Hartree Centre, one of Europes largest multidisciplinary scientific research organizations, to accelerate quantum computing toward wide application of room-temperature diamond quantum devices.
The new partners are working to integrate quantum accelerators with high-performance computing (HPC). Quantum computing is in an early stage referred to as the noisy intermediate-scale quantum (NISQ) era. The point at which quantum will outperform classical computing in most applications may be decades away. A hybrid approach, with classical working in parallel with quantum, is considered optimal in the interim.
Quantum Brilliances pioneering room-temperature quantum accelerators deliver parallel hybrid computing for practical industry challenges. Scalability issues currently limit the application of quantum computing to industryrelevant challenges, such as in chemistry, drug discovery and finance. The Hartree Centre will utilize the accelerators to improve classicalquantum algorithm scalability on NISQ devices.
We are pleased to work together with the STFC Hartree Centre on quantum parallelization strategies, said Quantum Brilliance Managing Director Mark Mattingley-Scott. Our shared goal of accelerating greater and increasingly practical use of the portable, diamond quantum devices available today and in development for the near future will enable governments, industries, enterprises and more to begin their quantum journeys now and scale with each subsequent innovation.
Shared ambitions within the partnership include providing practical proofs of concept of hybrid parallel algorithms, achieving new innovations and paving paths toward massively parallelized HPC centers.
We are looking forward to further enhancing, with Quantum Brilliance, room-temperature diamond quantum technology benefitting the economic growth and competitiveness of the UK, said Prof. Katherine Royse, Director of the STFC Hartree Centre, As we work together to create useful, meaningful impact on a tangible, human scale, we invite other organizations and individuals who share our commitment to join us in this endeavor.
The Hartree Centres core expertise in HPC, parallel computing and derisking emerging technologies for industrial use, along with Quantum Brilliances trailblazing Quantum Accelerator and Qristal Emulator software, can significantly improve the scalability of quantum-enhanced algorithms. The Advanced Computing and Emerging Technologies Team at The Hartree Centre will be at the forefront of carrying out this groundbreaking work, using the Qristal SDK to develop and test novel quantum algorithms for real-world applications specifically designed for quantum accelerators.
Quantum Brilliances quantum systems use synthetic diamonds to operate at room temperature in any environment. Unlike large mainframe quantum computers, Quantum Brilliances small-form devices do not require cryogenics, vacuum systems or precision laser arrays, consuming significantly less power. Potential use cases include massively parallelized clusters of accelerators for computational chemistry and embedded accelerators for edge computing applications such as robotics and autonomous vehicles.
Currently the size of a desktop PC, the company is working to further miniaturize its technology to the size of a semiconductor chip that can be used on any device, wherever classical computers exist today, unlocking practical quantum computing for everyone.
To learn more, visit http://www.quantumbrilliance.com.
About Quantum Brilliance
Founded in 2019, Quantum Brilliance is a venture-backed quantum products and solutions company developing diamond quantum computers supported by software and applications. Quantum Brilliances goal is to enable mass deployment of its quantum technology to propel industries to harness edge computing applications and next-generation supercomputers. Quantum Brilliance has global partnerships in the Americas, EMEA and Asia Pacific, working with governments, supercomputing centers, research organizations and industry.
About the STFC Hartree Centre
The Hartree Centre helps UK businesses and organizations of any size to explore and adopt innovative supercomputing, big data analytics and artificial intelligence (AI) technologies for enhanced productivity, smarter innovation and economic growth. Backed by significant UK Government funding and strategic industry partnerships, the Hartree Centre is home to some of the most advanced digital technologies and experts in the UK. As part of the Science and Technology Facilities Council and UK Research and Innovation, the Hartree Centre builds on a wealth of established scientific heritage and a network of international expertise, helping the UK to stay at the forefront of pioneering computational science and digital innovation.
Source: Quantum Brilliance
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Quantum Brilliance Partners with STFC Hartree Centre to Make ... - HPCwire
QuEra Wins Two Grants from DARPA as Part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) Program – Quantum Computing Report
QuEra Computing, a company that develops neutral-atom quantum computers, has received two grants from the Defense Advanced Research Projects Agency (DARPA) as part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) program.The program aims to explore novel quantum algorithms and applications that can be implemented on near-term quantum platforms.
The first grant is for a project on Quantum Reservoir Learning using Neutral Atoms and its Applications. This project will extend QuEras previous work on quantum machine learning, where they demonstrated how to classify handwritten digits using their neutral-atom hardware.The project will scale up the method and apply it to more realistic problems, such as image recognition and natural language processing.
The second grant is for a project on Error-Corrected Quantum Architectures Based on Transversal Logical Gates. This project will investigate how to improve the reliability and scalability of quantum computation using transversal logical gates, which are special operations that can correct errors without disturbing the quantum information.The project will analyze the performance of these gates on QuEras neutral-atom hardware and compare them to other error-correction schemes.
In addition, QuEra has five partners that have also received DARPA IMPAQT grants for their projects which will use QuEras neutral-atom hardware.These include the following partners and projects.
QuEras technology is based on large-scale arrays of neutral atoms, which are atoms that have no electric charge. QuEra uses rubidium atoms, which are trapped in a vacuum chamber by laser beams.The atoms can be manipulated by changing the intensity and frequency of the lasers, creating qubits that can store and process quantum information.
QuEras hardware has several advantages over other quantum platforms, such as superconducting circuits or trapped ions. For example, QuEra can create qubits with high coherence, which means they can preserve their quantum state for longer times.QuEra can also reconfigure the layout of the qubits using its field-programmable qubit array (FPQA) technology, which allows for more flexibility and efficiency in quantum computation.
QuEra currently offers access on the Amazon Braket cloud system to its Aquila-class machines, which have up to 256 qubits. The company is also working on scaling up its hardware to achieve higher numbers of qubits and higher performance.QuEras software package, Bloqade, helps users express and test their quantum problems on the hardware.
Additional information can be found in a press release posted on the QuEra website here.
October 31, 2023
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QuEra Wins Two Grants from DARPA as Part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) Program - Quantum Computing Report
Queensland researchers at forefront of quantum computer leap – ABC News
In the race to build better, cheaper and faster quantum computers, two Queensland researchers are leading the way.
They havemanaged to shrink a critical computing component from the size a match box down to a tenth of the width of a human hair the size needed for quantum computing.
Better still, componentsthat once cost thousands of dollars to buy can now be produced for a fraction of the cost and quantum computers will need millions of them.
"So we're in the midst of a second quantum revolution, where we're taking all the parts of quantum mechanics and turning them from lab curiosities into working technologies that let us do things we couldn't do up until now," said Professor Andrew White from the University of Queensland's (UQ) Centre for Engineer Quantum Systems.
"We're using all the features of quantum mechanics to enable new technologies."
The full explanation is a lot more complicated, but the two UQ researchers have now managed to launch Queensland's first Quantum Computing company that makes miniaturised components with real world applications.
The component is called a microwave circulator.
It is described as "a roundabout for microwave signals", where the signal comes in and is re-routed to another direction.
Pioneered at UQ,the microscopic versions are being commercialised by the researchers under the business name Analogue Quantum Circuits.
"Analogue Quantum Circuits (AQC) are using quantum phenomena to shrink a microwave circulator,"Professor White said.
"(AQC) will get millions [of circulators]onto a chip, and they'll cost cents to make."
The parts are commonplace in communications technology, but traditionally cost a small fortune each.
Each microscopic component is made inside a special freezer that cools to 100 times colder than outer space.
Associate Professor Arkady Fedorov, a co-founder of AQC,says the numbers they deal in are tiny.
"These calculations are extremely fragile, so they simply don't survive at room temperature," Associate Professor Federov said.
"And this is the reason why we don't see quantum effects in our everyday life.
"So to take advantage of that, we actually need to create conditions which are very, very special, and everything is extremely quiet."
The super cold environment is needed to eliminate all noise and tiny vibrations that could disturb the manufacture of such small devices.
Professor Tom Stace is the other co-founder of AQC and one of the researchers behind miniaturising the circulator.
He said Quantum computers needed to send and receive signals between quantum bits or qubits.
"We know that we need hundreds of thousands of qubits, or millions of qubits in order to make a scalable, useful quantum computer," Professor Stace said.
"There needs to be millions of circulators to help the qubits talk to each other.
"We're the first company that's working internationally to commercialise that scientific research in circulators into a thing that can be used in future quantum computers.
"That means that Queensland, if we invest now, can be a key player in that industry over not just the next decade, but long into the future."
Professor Halina Rubinsztein-Dunlop from the Centre said it wasexciting to see physics being turned into practical applications.
"It's one thing to be clever and do new physics and publish fabulous paper(s), and another thing to actually get a gizmo going that will bring advances into technology and society," Professor Rubinsztein-Dunlop said.
"We are creating industry, (a) new quantum industry for Australia and what it brings is a lot of jobs for society."
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Queensland researchers at forefront of quantum computer leap - ABC News
PASQAL and Universit de Sherbrooke Forge Partnership to … – HPCwire
SHERBROOKE, Qubec, Oct. 31, 2023 PASQAL, a global leader company in neutral atom quantum computing, is proud to announce its support to the Faculty of Engineering, Universit de Sherbrooke (UdeS), a leader in education and applied research in Canada, to open a Professor Position in Applied Quantum Computing. The creation of this Chair is part of PASQALs strategy to delivering real-world applications to the industry and quantum advantage in the short term.
PASQAL is setting up a facility to manufacture quantum processors at Espace Quantique 1 of DistriQ Quantum Innovation Zone in Sherbrooke, Canada. In this new flagship installation, PASQAL-Canada will produce hardware for the North American market to accelerate the adoption of neutral atom quantum computing in the region.
Within this framework, PASQAL is contributing with $500,000 CAD to a full-time non-tenure-track position at the Electrical and Computer Engineering Department of the Faculty of Engineering. This contribution is to be used as a match with Canadian federal and/or provincial granting agencies, such as Natural Sciences and Engineering Research Council of Canada Alliance program; and Regroupements sectoriels de recherche industrielle au Qubec.
The selected Chair holder will lead the development of neutral atom quantum software solutions for industry, by finding the most direct paths to deliver business value and quantum advantage.
About UdeS The Faculty of Engineering
The UdeS Faculty of Engineering is a leader in education and applied research. Recognized for its dynamism in collaborative research, it stands out particularly in terms of technology transfer and concrete impacts on society. It is also a faculty on a human scale, which favours rigorous and complete training of its students, particularly through the alternating study and internship program. In a friendly and highly collaborative environment, discovery and innovation are strongly encouraged. To foster its long-term growth, the Faculty of Engineering is particularly focused on interdisciplinary initiatives and emerging fields. The Faculty of Engineering has several research centers as well as the Interdisciplinary Institute for Technological Innovation (3IT), apart of the Integrated Innovation Chain along with the Institut quantique (IQ)and the Centre de collaboration MiQro Innovation (C2MI).
About PASQAL
PASQAL is a major player in the global race for quantum computing. The company is the leading manufacturer of neutral atom quantum computers and offers complete solutions for end-users. PASQALs products and services include quantum computers, cloud access and software solutions for the energy, mobility, healthcare, high-tech, aerospace and financial sectors. By leveraging the dual analog/digital nature of its quantum computers, PASQAL is propelling neutral-atom quantum technology with the aim of delivering a practical quantum advantage on early use cases within the next five years.
About the Electrical and Computer Engineering Department
The faculty members of the Electrical and Computer Engineering Department are active in the fields of classical and quantum embedded systems engineering, autonomous vehicles, robotics, embedded artificial intelligence, neuromorphic systems, instrumentation and digital communications. The Department has seven research chairs and offers masters and doctoral programs that allow students to work in infrastructures that bring together numerous cutting-edge research laboratories under the direction of internationally recognized researchers. The Departments facilities include clean rooms for microfabrication, development and characterization laboratories for integrated circuit packaging, smart antennas and software-defined radio, medical devices, instruments for particle physics, power electronics and electric vehicles, embedded systems and robotics, as well as a platform for the design, development and fabrication of printed electronic circuits, a 1MW solar infrastructure, and a space and immersive audio room. Of the Universitys six institutes, the Departments faculty members are notably involved at 3IT, IQ and the Research Center on Aging (CDRV).
Source: PASQAL
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PASQAL and Universit de Sherbrooke Forge Partnership to ... - HPCwire
Why Denmark is at the forefront of the quantum tech revolution – Tech.eu
Few would argue that 2023 has been the year of AI. But it's not the only deep tech worth your attention.
The ecosystem in quantum technology is rapidly evolving thanks to government investment and infrastructure, academic partnerships, university spinouts, and industry traction.
The race is on to scale quantum tech from conceptual to a solver of broader societal and economic impact.
Currently, the UK is the world's third largest quantum developing country, after the USA and China, attracting more startups and capital investment than any other European state.
But one investment company has its sights on a far smaller country with the potential to become a world leader in quantum technology Denmark.
Quantum Exponential is the UK's first venture capital firm specialising in quantum technology, and recently opened its first European office in Copenhagen.
And according to Stuart Woods, CSO of Quantum Exponential, Denmark is the place to watch for the next explosion of quantum innovation and it goes way beyond the supercomputers that captivate many journalists.
I spoke to Woods to learn more about why the company has its sights set on Denmark and about what this all means regarding the commercialisation of quantum computing and Europe's wider quantum strategy in Europe.
But first let's take a look at what's interesting about Denmark.
To date, 17 countries have invested in national quantum technology research and development programs, with an estimated spending of over $30 billion.
Denmark announced the second part of its National Quantum Strategy last month, focusing on the commercialisation, security and international collaboration in the field of quantum technology.
Besides this framework on paper, the country has the necessary, and proven, trinity that interconnected relationship between academia, government, and enterprise/industry with real commercial use cases that turn the technology into something tangible.
According to Woods:
"The quantum field in Denmark is experiencing momentum, and we are excited to be at its epicentre.
Recent global dynamics and our deepened understanding of quantum technology make Copenhagen an ideal location for nurturing the next generation of quantum technology."
The government has allocated 161 million from 2024-2027 to strengthen Denmark's quantum ecosystem. It doesn't look all that impressive compared to the investments of the UK government, especially considering some of the big raises in the commercial that we've seen recently. Still, it's pretty good for a three-year project in a far smaller country.
Last year, the Niels Bohr Institute in Copenhagen also became the home of a new NATO Center for Quantum Technologies. The Center offers an accelerator site and incubator where companies can mature their technology and bring it to market, as well as test centres for developing components in quantum sensors, quantum encryption devices and quantum computers.
The new centre is also part of NATO's Defence Innovation Accelerator for the North Atlantic (DIANA), developing dual-use (civilian and defence) deep tech, which helps solve challenging defence and security problems.
Further, 2022 saw research from the Niels Bohr Institute of the University of Copenhagen receive a grant of $200 million from the Novo Nordisk Foundation to build a full-scale generally applicable quantum computer before the end of 2034. The project will run for 12 years in collaboration with research groups from leading universities and industries, including from the United States, the Netherlands, Canada and Denmark.
Part of the project includes a fabrication unit, "The Quantum Foundry P/S" to develop, engineer and build the parts needed for one of the world's first fully functional, fault-tolerant and generally applicable quantum computers a huge boost for innovation in hardware engineering.
Additionally, Denmark is home to strong multidisciplinary sectors such as photonics, material science, nanotechnology, and computer science, which complement quantum research.
Quantum Exponential is one of two 100 percent quantum investment funds in the world the other is Quantonation in France.
Since its launch in 2021, it has invested in seven quantum companies.
According to Woods, broadly, a third of investments has been in quantum computing, a third in quantum sensing, and the final third in network and encryption:
"While the media focuses on large quantum computers, we believe very strongly that quantum sensing will be much larger than quantum computing over the next two to three years, to the point where the word quantum will be dropped and it will become known simply as sensing."
Quantum sensing leverages quantum states for precision measurement.
Applications include timing, , navigation, subsurface mapping, and below-cell-level medical imaging, enabling less invasive diagnostics.
These individual quantum states have further enhanced sensitivity, which with the right infrastructure, can be leveraged for new medical understanding , advanced clock systems for mega data centres, and positioning technologies (e.g., for autonomous drones) to the detection of valuable raw materials deposits.
I was curious about Quantum Exponential's investment thesis.Woods explained:
"We focus on businesses a lot of what we see might well be a product line that might not be a business.
So we try to focus on the innovative elements of the investment side and think about how this particular element or technology will be a company and not just a product line of something bigger."
He cites examples in the company's current portfolio such as Oxford Quantum Circuits and Universal Quantum.
Woods expects in the next year to see more quantum spin outs, as well as relocations and consolidations.
Over the last few years in Europe, there have been only a few.
Quantinuum acquired Cambridge Quantum Computing (UK) for an undisclosed amount in 2021.
January 2022 saw a merger between Pasqal, a developer of neutral atom-based quantum technology, and Qu&Co, a quantum algorithm and software developer.
Then, Danish company QDevil was acquired by Israeli company Quantum Machines in March 2022 for an undisclosed amount.
"So I think we'll have more spinouts, but also have more positive and constructive consolidations." "
He describes the quantum ecosystem as "patient" capital, but notes,
"However, at the same time, we are seeing other business models that are developing quite quickly.
We're seeing quantum computers now moving into data centres being put alongside cloud computing servers, simply because there is now a need and a business model, independent of the qubit count, actually to run and have access to that as a service.
We're looking at a cliff face. And we don't know how fast it's changing, but I think in the next year, we'll be surprised at just how fast things have changed and how far the industry has moved."
Sparrow Quantum is focused on advancing light-matter interfaces for quantum technologies.The company is widely recognised as a leader in single-photon sources, demonstrating the world's highest light-matter coupling efficiency.
In May this year, the company raised 4.1 million to expand its team and increase its products and services.
Hafnium Labs supports chemicals, energy, and pharma companies by addressing a significant challenge in chemistry: swiftly obtaining dependable physical properties.
The company has developed a system for combining state-of-the-art predictive methods, such as quantum chemistry and AI, with experimental physical property data.
Called Q-propsit selects and qualifies all available data and applies quantum chemistry and molecular simulation fully automated, intelligent and transparently.
Use cases include drug discovery, process design, and troubleshooting production issues faster and creating truly predictive digital twins.
Molecular Quantum Solutions develops computational tools to accelerate research & development efforts by the pharma, biotech and chemical industry. Its tools use super- and quantum-computers with computational models and algorithms to calculate the properties of materials and chemicals quickly and efficiently.
Users can, for example, screen for new materials for batteries, green solvents, new drugs and biodegradable plastics instead of conducting costly experiments in the laboratory.
The company raised 600,000 in Pre-Seed funding in July this year.
NKT Photonics supplies high-performance fibre lasers and photonic crystal fibres such as supercontinuum white light lasers, low-noise fibre lasers, ultrafast lasers, and a wide range of speciality fibres.
They are used in quantum and nanotech, medical and life sciences, industrial applications, and aerospace and defence. In quantum tech, the hardware is used in quantum computing, sensing, and metrology.
Kvantify is a quantum and high-performance computing technology firm selling SaaS solutions based on cloud-native, quantum and high-performance computing, enabling businesses to access computer power without significant in-house investments. It helps clients find alternatives for all sorts of challenges in life sciences, financial services, logistics, and other functional areas.
For example, it has built solutions in pharmaceuticals and life sciences with built-in scaling capabilities and an HPC backend fully prepared to leverage quantum computing once the technology matures.
Since its founding in 2022, it has raised 2.5 million in funding and recently expanded its reach to the UK, where the team will work on using physical simulations and machine learning in drug discovery.
Original post:
Why Denmark is at the forefront of the quantum tech revolution - Tech.eu