Category Archives: Quantum Computing
Art inspiring a quantum-ready vision at the Advanced Quantum … – EurekAlert
The latest experimental advances in quantum information science (QIS) and technology have opened new opportunities for fundamental scientific discovery and novel technology development. These breakthroughs have also broadened the fields need for an increasingly quantum-ready workforce capable of collaborating, innovating, and harnessing the potential of next-generation quantum devices and technologies. As the field of QIS and technology evolves, bringing together experts in computer science, physics, engineering, materials science, and many other fields, contemporary visual art has also recently taken inspiration from the interdisciplinarity of QIS and added humanities into the mix.
California-based contemporary visual artist Benjamin Arizmendi collaborated with the Advanced Quantum Testbed (AQT) at Lawrence Berkeley National Laboratory (Berkeley Lab). Arizmendi created a series of mixed-media abstract pieces on wood and metal using QIS theory, schematics, and formulas working jointly with AQTs team. AQT is a state-of-the-art research laboratory advancing quantum computing based on superconducting circuits, one of the leading technologies. In its fifth year of operations, AQT also operates an open-access experimental testbed for deep collaboration with external users from academia, National Laboratories, and industry. These interdisciplinary explorations with users at AQT inspired the novel work with Arizmendi.
Arizmendi began visits to AQT shortly after its launch in 2018 and has often conferred with AQT leadership and staff about the big open questions in quantum computing and physics, producing a series of mixed media paintings. AQTs research and development has directly inspired three mixed pieces:Subjective Superposition Lab 1,Evasive Conductivity, andIn Search of Symmetry. They portray the mathematical representation of complex fundamentals in QIS, such as superposition and entanglement, with stylized techniques and abstract designs. The paintings also include equations that describe the evolution and manipulation of quantum states for superconducting circuits. They are displayed in major computing research hubs Berkeley Labs Shyh Wang Hall, also known as the computational research and theory building for numerous groups, including AQT and AQTs lab at the University of California, Berkeley campus.
Arizmendi began visits to AQT shortly after its launch in 2018 and has often conferred with AQT leadership and staff about the big open questions in quantum computing and physics, producing a series of mixed media paintings. AQTs research and development has directly inspired three mixed pieces:Subjective Superposition Lab 1,Evasive Conductivity, andIn Search of Symmetry. They portray the mathematical representation of complex fundamentals in QIS, such as superposition and entanglement, with stylized techniques and abstract designs. The paintings also include equations that describe the evolution and manipulation of quantum states for superconducting circuits. They are displayed in major computing research hubs Berkeley Labs Shyh Wang Hall, also known as the computational research and theory building for numerous groups, including AQT and AQTs lab at the University of California, Berkeley campus.
Hailing from Mexico City and an artistic family, Arizmendi pursued studies in philosophy and law in the United States. Then, after working for 15 years as an attorney and financial advisor, Arizmendi pivoted to a career as a full-time artist living many years in vibrant cosmopolitan cities such as Los Angeles, Washington, DC, and Boston. Much like his background, his artistic inspiration develops from the convergence of philosophical inquiry, abstract expressionism, photography, and digital media.
Abstract art is a lot more free than traditional, representational art because we depart from objects and reality as we see it into a process of creativity and exploration, where art, much like scientific discovery, becomes a process of trial and error and coming up with new ideas, said Arizmendi.
Quantum computing and physics are of particular interest to Arizmendi. Theres a profound philosophical and mathematical inquiry into the reality of nature at the tiniest of scales unseen by the eye with theories about macrophenomena in the universe. And thanks to these laws of physics, quantum devices process information and operate fundamentally differently than classical computation.
Im very enamored by mathematics, schematics, and philosophy, so I combine pictorial elements that are a part of the scientists world, including qubits, with color and materials into creative compositions, explained Arizmendi.
The creative process for Arizmendi must be collaborative involving discussions about the types of questions researchers wrestle with, such as how to fabricate better qubits and pieces of quantum hardware or better understand the underlying theories.
The artistic collaboration with Arizmendi has opened new discussion channels at AQT and Berkeley Lab about creative ways to energize and broaden QIS research by displaying vivid, abstract art in the science labs. Inspiring curiosity in humanities among the research community and vice versa may support a growing workforce seeking alternative approaches to research, development, discovery, and applications in a growing field with many open questions.
The creative arts may also serve as a communications vehicle to break down barriers across cultural contexts and languages, reaching different communities that wouldnt have otherwise considered learning about QIS. The art at AQT shows how different communities can inspire and be inspired by QIS, making a quantum-ready vision mainstream.
Continue reading about Arizmendis work onWorld Quantum Day.
Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.
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Art inspiring a quantum-ready vision at the Advanced Quantum ... - EurekAlert
Googles Sycamore Quantum Processor May Have Just Settled … – The Debrief
Google reports that its Sycamore quantum processor has succeeded in making instant calculations that would require the fastest conventional computers currently in existence almost half a century to complete, according to a new paper by the companys quantum AI division.
Utilizing the phenomena associated with quantum states to perform their calculations, quantum computers can far exceed the performance of classical computers. In recent years, Google has made several advancements in this space, which included a controversial claim by the company in 2019 that it had achieved quantum supremacy by solving a problem using one of its quantum computers that the best normal computers could not achieve in a given period of time.
While several of the companys competitors challenged Googles assertion of having reached quantum supremacy, and others have sincemade similar claims, Google Quantum AI now reports its Sycamore quantum processor can run 70 qubits, meaning that it can perform calculations instantaneously that would take the fastest classical computer in existence around 47.2 years to complete.
According to a new paper by Google Quantum AI and its collaborators, the companys AI unit reports successful experiments involving Random Circuit Sampling (RCS), which the authors note has emerged as the most suitable candidate for a beyond-classical demonstration given that it optimizes quantum correlation for spreading at its greatest speeds.
Roughly defined, RCS describes randomly chosen gates within an efficient, specified quantum circuit, which is used to generate samples based on its output distribution. Using this process allowed the Google team to identify key phases during the tests that arise from the interactions between quantum dynamics phenomena and noise.
By also employing a quantum benchmarking protocol known as cross-entropy benchmarking, the Google Quantum AI team says they were able to observe phase boundaries which can define the computational complexity of noisy quantum evolution.
We conclude by presenting an RCS experiment with 70 qubits at 24 cycles, the team reports. We estimate the computational cost against improved classical methods and demonstrate that our experiment is beyond the capabilities of existing classical supercomputers.
While the recent experiments by Google Quantum AI represent a milestone in quantum computing, the team says more work is required.
Looking forward, despite the successes of RCS achieved so far, finding practical applications for near-term noisy quantum processors still remains as an outstanding challenge, the team reports in its paper.
Fundamentally, Googles breakthrough with Sycamore now brings it closer to settling the debate over whether the company has achieved quantum supremacy, according to Steve Brierley, chief executive of quantum company Riverlane.
While some competitors argue the company has merely demonstrated quantum advantage with its recent experiments, Brierley, speaking with The Telegraph, said the debate that has ensued since Googles 2019 achievement is now resolved.
The paper by Google Quantum AI and its collaborators, Phase transition in Random Circuit Sampling, appeared on the preprint Arxiv.org server and is currently awaiting peer review.
Micah Hanks is the Editor-in-Chief and Co-Founder of The Debrief. He can be reached by email atmicah@thedebrief.org. Follow his work atmicahhanks.comand on Twitter:@MicahHanks.
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Googles Sycamore Quantum Processor May Have Just Settled ... - The Debrief
HSBC moves to protect operations from quantum cyber threats – Finextra
HSBC is the first bank to join BT and Toshibas quantum-secured metro network connecting two UK sites using Quantum Key Distribution (QKD) to prepare its global operations against future cyber threats.
HSBC will trial the quantum secure transmission of test data over fibre-optic cables between its global HQ in Canary Wharf and a data centre in Berkshire, 62km away. QKD uses particles of light and the fundamental properties of quantum physics to deliver secret keys between parties. These keys can be used to encrypt and decrypt sensitive data and are safe from eavesdroppers or cyber-attacks by quantum computers.
The technology will be trialled in multiple scenarios, including financial transactions, secure video communications and one-time-pad encryption.
CEO of HSBC Bank Plc and HSBC Europe, Colin Bell says: Our customers, clients and employees expect us to have safe and secure operations and resilient cybersecurity, so we must stay ahead of the curve.
That is why we are already preparing our global operations for a quantum future. We are spearheading industry-leading trials, recruiting highly trained experts, and investing in strong, strategic partnerships to explore how we could deploy these technologies as they develop.
HSBC has been stepping up its efforts in quantum computing over the last year, forming a multi-year deal with IBM to investigate the technology and actively recruiting research scientists to build a dedicated capability within its innovation team.
In June, it also embarked on a long-term partnership with Quantinuum, the self-described worlds largest quantum computing company, with an initial focus on cybersecurity.
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HSBC moves to protect operations from quantum cyber threats - Finextra
AI Career Notes: July 2023 Edition – EnterpriseAI
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In this monthly feature, we bring you up to date on the latest career developments in the enterprise AI community promotions, new hires and accolades. Here's the place to read about the movers and shakers, your colleagues, your friends, and maybe yourself.
Chris Boehmler
Quantum Computing Inc. a nanophotonic-based quantum technology company, appointed Chris Boehmler as its chief financial officer. Boehmler brings to the company over 20 years of financial experience, including investment banking, planning & analysis, accounting operations, financial and SEC reporting, systems integrations and financial risks & controls.
Importantly, I officially welcome Chris Boehmler to the QCi officer ranks, said Robert Liscouski, CEO of Quantum Computing Inc. Over the past year, Chris has not only surpassed our high expectations for meticulous financial acumen, but he has also proven to be a tireless study of our technology, our products, and future applications. Chris impressive background and proven track record in financial leadership, combined with his deep understanding of our company and its technology, will be instrumental in guiding QCis financial growth and driving shareholder value within the rapidly emerging quantum computing landscape.
Andres Botero
Rubrik, the zero trust data security company, appointed Andres Botero as its chief marketing officer. Botero will be responsible for driving Rubriks go-to-market strategies and growth initiatives. He most recently served as the chief strategy and marketing officer at BlackLine.
Data security threatsespecially ransomwareare some of the toughest challenges for which executive teams and cybersecurity leaders must prepare. Rubrik is leading the charge in cybersecurity by creating new categories of solutions and building partnerships that secure data and provide customers the confidence of cyber resilience, said Botero. I am grateful for the opportunity to join this successful leadership team and to work with the company to accelerate our market strategies and growth.
Ido Bukspan
Pliops, a provider of data processors for cloud and enterprise data centers, appointed Ido Bukspan as its chief executive officer and board member. Bukspan most recently served as senior vice president of Chip Design at NVIDIA.
Im excited to join Pliops and continue to integrate the advanced technology it developed together with its founders, Uri, Moshe and Aryeh, and the company's leaders and employees, Bukspan said. Pliops is experiencing an excellent momentum for continued growth and expansion.
Fab Dolan
Appen Limited, a solution provider of data services for deep learning and generative artificial intelligence systems, appointed Fab Dolan as its chief marketing officer. Dolan joins Appen with over 15 years of experience building brands such as Android, Google, YouTube, and Cheerios.
Were at a moment of incredible transformation that will impact every aspect of society, and I can think of no more exciting place to be than Appen, a company that has been consistently powering this technological revolution for decades a company ready for the moment, Dolan said.
Thomas Fedorko and Doug Norton
Inspire Semiconductor Holdings Inc., a chip design company, promoted Doug Norton, formerly vice president of business development, to chief marketing officer. He is also president of the Society of HPC Professionals and a member of the RISC-V SIG-HPC and marketing committee.
In addition, InspireSemi promoted Thomas Fedorko, formerly vice president of operations, to chief operating officer. Fedorko will oversee InspireSemis day-to-day operational functions including maintaining key supply chain relationships, managing production scale-up, and new product introductions.
Rob Floyd, Rob Griebel, Neal Keene, Lisa O'Reilly, and Nicky Roberts
Gryphon.ai, a solutions provider of compliance and AI-powered conversation intelligence, appointed Rob Floyd as its vice president of sales. Floyd will be responsible for leading the companys solution architect, inside sales, and client executive teams.
Rob Griebel joined Gryphon.ai as its vice president of partnerships. As VP of partners and alliances, Griebel will be responsible for the development and execution of the partner and alliance strategy at Gryphon.ai.
Gryphon.ai appointed Neal Keene as its senior vice president of strategy. As SVP of strategy, Keene will support the development and execution of business strategy by aligning department goals, processes, and resource allocation.
Lisa O'Reilly joined Gryphon.ai as its vice president of customer success. As VP of customer success, OReilly will focus on improving satisfaction among Gryphon.ais customer base and partner network.
Nicky Roberts joined Gryphon.ai as its vice president of revenue operations. As VP of revenue operations, Roberts will deliver visibility across the entire revenue stream and improve efficiency across the revenue process to achieve revenue growth.
George Gehringer
Submer, an immersion cooling solutions provider, appointed George Gehringer as its vice president of sales. Gehringer brings to the company an extensive background in telecommunications sales, leadership, network systems, and engineering.
Hyperscalers are dominating data center growth with a market share of over 65%; it is no coincidence that their cooling requirements and the TCO associated with running them is a constant focus of their investments, said Gehringer. As a key player in the immersion cooling solution industry since 2015, Submer is uniquely poised to efficiently support their intense cooling and expansive space demands.
Kacy Hassack
Veeam Software appointed Kacy Hassack as its chief people and culture officer. Hassack career in human resources spans over two decades. Prior to joining Veeam, Hassack held leadership roles at organizations, including Indeed, Amazon Web Services, Hewlett Packard, and Dell.
Great businesses start with great people, said Hassack. Veeam has become #1 in data protection and ransomware recovery by delivering incredible customer-focused innovation. People are at the center of the companys success, and the Veeam culture reflects that. I am so excited to join Veeam and collaborate with teams across the company to develop strategies that emphasize the value of our employees and new approaches to enable our people to do their best work.
Mards Heimisdttir, Tracey Pewtner, and Elsabet rnadttir
atNorth, the Nordic colocation, high-performance computing, and artificial intelligence service provider, appointed Mards Heimisdttir as the companys director of strategy implementation. Mards will contribute to atNorth's significant growth plans by developing and managing strategic initiatives to drive business performance.
In addition, atNorth appointed Tracey Pewtner as its marketing director. With over 13 years of experience in the data center industry, Pewtner joins atNorth to increase market awareness and bolster its significant growth plans through a strong sustainability profile and intelligent creative content.
Lastly, atNorth appointed Elsabet rnadttir as the companys director of security and compliance. rnadttir previously worked as a security officer for Rapyd and Advania and also as a consultant for atNorth. rnadttir brings 10 years of experience to the company in the information and cyber security sectors.
Amber Huffman and Zaid Kahn
The Open Compute Project Foundation (OCP), a non-profit organization bringing hyperscale innovations to all, appointed Amber Huffman to its board of directors. Huffman is a Principal Engineer at Google responsible for leading industry engagement in the data center ecosystem.
In addition, OCP appointed Zaid Kahn to its board of directors. Zaid is a general manager at Microsoft and is responsible for cloud and AI advanced systems engineering. Zaid has been heavily involved in OCP since joining as a Board member in 2021.
Werner Knoblich
SUSE, a provider of enterprise-grade open source solutions, appointed Werner Knoblich as its chief revenue officer. Most recently, Knoblich was global CRO at SaaS provider Mambu, and prior to that, he led the Europe, Middle East and Africa business at Red Hat for 18 years.
I'm deeply passionate about open source and believe its the best way to operate, Knoblich said. In a meritocracy, the best idea wins. SUSE has been a leading open source champion for years and I am looking forward to helping our customers, partners and community.
Rom Kosla and Bethany Mayer
Hewlett Packard Enterprise (HPE) appointed Rom Kosla as its chief information officer. Kosla comes to HPE from Retail Business Services, having served as the companys executive vice president, IT, and chief information officer. Prior to Retail Business Services, Kosla was the senior vice president and CIO of Corporate and Enterprise Solutions at PepsiCo.
In addition, HPE appointed Bethany Mayer, former president and CEO of Ixia, to HPEs board of directors. She will also serve as a member of the boards technology committee. Before Hewlett-Packard Companys 2015 separation into Hewlett Packard Enterprise and HP Inc. and prior to joining Ixia in 2014, Mayer led the expansion of Hewlett-Packard Company's networking business as senior vice president and general manager.
Jay McGrath
Granica, a provider of an AI efficiency platform, appointed Jay McGrath as its senior vice president of revenue. McGrath will be responsible for leading the companys global go-to-market efforts across the sales, solutions engineering, and customer success functions and will build the companys revenue operations processes and toolset.
Data fuels organizational decision-making. With the recent trends in AI, enterprises will come to rely on these tools to make the most out of their data but were at an inflection point. AI models can only be useful if the data they rely on is accurate and secure, said McGrath. I joined Granica because its platform is designed to allow more data to be cost-effectively captured, stored and used to power enterprise AI implementations, thereby improving AI model performance and business outcomes. The team is hyper-dedicated to the mission, with a strong culture focused on teamwork and inclusion. Im excited to work with this amazing group to help our customers break down the barriers to AI innovation, dramatically lower their costs and increase data security.
Doug Merritt
Aviatrix, a solutions provider of secure cloud networking technology, appointed Doug Merritt as its chief executive officer and president. Merritt also joined the companys board of directors as chairman.
"In my due diligence, it became evident that Aviatrix is leading the creation of a massive new category and that Fortune 500 companies already view Aviatrix as their trusted partner for secure cloud networking," said Merritt. "I'm grateful to Steve for instituting a 'customer for life' mentality, backed by an incredible team, committed to driving innovation while putting customers first. I look forward to leading the next phase of what is emerging as an iconic enterprise infrastructure company."
Amr Nour-Eldin
LXT, a solutions provider of AI training data, appointed Amr Nour-Eldin as its vice president of technology. Nour-Eldin brings an extensive background in speech and audio processing as well as machine learning in the context of automatic speech recognition. Most recently, Nour-Eldin was a principal researcher in the global R&D division at Nuance (now part of Microsoft).
With the emergence of AI as a truly transformational technology, the LXT mission to power technologies of the future through innovative data generation in every language, culture, and modality is more important than ever, said Nour-Eldin. I am very excited to join such a talented team and look forward to shaping the landscape and future of AI data together.
David Reilly and Myrna Soto
Vectra AI, a solutions provider of security AI-driven cyber threat detection and response services for hybrid and multi-cloud enterprises, appointed David Reilly, former CIO and CTO of Bank of America to its board of directors. Reilly currently serves on the boards of Ally Financial, Data Dynamics, and NPower, a nonprofit organization.
Vectra AI also appointed Myrna Soto, founder and CEO of Apogee Executive Advisors, to its board of directors. Soto joined Vectra in 2022 as a key advisor to the leadership team and board of directors, where she has played an instrumental role in driving company strategy and supporting global accelerated growth plans.
Sendur Sellakumar
Dremio, the easy and open data lakehouse, appointed Sendur Sellakumar as its chief executive officer. Sellakumar joins Dremio with over two decades of leadership experience in enterprise software and data analytics. Prior to joining Dremio, Sellakumar served in a variety of software technology roles at Splunk and ServiceTitan.
I am honored and excited to join Dremio as its CEO, said Sellakumar. Dremio's innovative approach to enterprise analytics and its commitment to empowering organizations with fast, flexible, and reliable access to their data is truly impressive. I am looking forward to working closely with the talented Dremio team to further accelerate the company's growth and deliver exceptional value to our customers. We are committed to helping enterprise customers realize the value of their data in driving business outcomes.
Rachel Thornton
Fivetran appointed Rachel Thornton as the companys chief marketing officer. Thornton brings more than 25 years of B2B tech experience, having served in marketing and leadership roles at Amazon/AWS, Salesforce, Cisco Systems, and Microsoft.
I am proud to join a company that provides enterprises such tremendous ROI and is focused on a critical business need: automating the flow of data, said Thornton. Im looking forward to working with the talented Fivetran team as we focus on accelerating customer growth worldwide and solidifying Fivetran as the standard for data movement.
Frans van Houten
Absci, a generative AI drug creation company, appointed Frans van Houten to its board of directors. In addition to his role at Absci, van Houten serves on the board of directors of Novartis and acts as an advisor to private equity companies.
Absci stands at the forefront of AI-enabled drug creation, a field that is accelerating right before our eyes," said van Houten. What motivates me most about Absci's mission is the prospect of accelerating the development of breakthrough therapies, together with pharma and biotech companies, that can make a meaningful impact on patients' lives. I'm convinced that by fusing AI and bioscience, we can dramatically enhance the speed and efficiency of drug discovery, even leading to breakthroughs. I am deeply committed to this cause and eager to work with this talented team to push the boundaries of what is possible in drug creation.
Dan Zugelder
Dynatrace appointed Dan Zugelder as its chief revenue officer. Zugelder joined Dynatrace from VMware, where he held the role of senior vice president and general manager of the Americas region. Prior to VMware, he worked for 18 years at Dell EMC, where he held several key sales management positions, most recently serving as SVP of global accounts.
Im honored to be joining Dynatrace, said Zugelder. With the rapid evolution of the cloud and resultant explosion in data, end-to-end observability and application security have become mandatory. Dynatraces ability to provide precise, data-driven analytics and automation has proven to be key differentiator in the market. Building upon the strong go-to-market foundation that Steve and his team have in place, I am excited to play a key role in the next phase of growth for Dynatrace.
To read last month's edition of Career Notes,click here.
Do you know someone that should be included in next month's list? If so, send us an email at[emailprotected]. We look forward to hearing from you.
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AI Career Notes: July 2023 Edition - EnterpriseAI
Iran Unveils ‘Quantum’ Device That Anyone Can Buy for $589 on Amazon – VICE
Last week, Irans military unveiled what it called the first product of the quantum processing algorithm of the Imam Khomeini Naval University of Nowshahr. During a ceremony at the university, the Islamic Republics military revealed a bit of electronics sealed under glass. It appeared to be a common development board, available widely online for around $600.
According to multiple state-linked news agencies in Iran, the computer will help Iran detect disturbances on the surface of water using algorithms. Iranian Rear Admiral Habibollah Sayyari showed off the board during the ceremony and spoke of Irans recent breakthroughs in the world of quantum technology.
The touted quantum device appears to be a development board manufactured by a company called Diligent. The brand ZedBoard appears clearly in pictures. According to the companys website, the ZedBoard has everything the beginning developer needs to get started working in Android, Linux, and Windows. It does not appear to come with any of the advanced qubits that make up a quantum computer, and suggested uses include "video processing, reconfigurable computing, motor control, software acceleration," among others.
I'm sure this board can work perfectly for people with more advanced [Field Programmable Gate Arrays] experience, however, I am a beginner and I can say that this is also a good beginner-friendly board, said one review on Diligents website. Those interested in the board can buy one on Amazon for $589.
Quantum devices used for locating ships and navigating at sea are real. The U.K. Navy recently tested one such device, which uses ultracold atoms to act as a kind of accelerometer, at sea. It looks nothing like the device unveiled by Iran.
Image: Imperial College London
Its impossible to know if Iran has figured out how to use off-the-shelf dev boards to make quantum algorithms, but its not likely. True quantum devices are experimental pieces of equipment that don't typically resemble circuit boards of the kind you'd find in a home desktop, although researchers have reported being able to simulate some quantum processes on classical computers. Even if Iran is merely claiming that the device was manufactured with the help of quantum algorithms, they may not have been neededthe device is still a ZedBoard that anyone can buy, without any visible modifications.
This isnt the first time Iran has shown off tech with a less than credible pedigree. In 2020, the Iranian Army revealed a device it claimed could detect COVID and AIDS. It appeared to be similar to another device that was previously sold as a bomb detector.
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Iran Unveils 'Quantum' Device That Anyone Can Buy for $589 on Amazon - VICE
The 3 Most Promising Quantum Computing Stocks to Buy in June 2023 – InvestorPlace
Investors seeking to capitalize on the burgeoning quantum computing revolution are presented with promisingquantum computing stockswith high growth potential.
As quantum computing reaches a more commercially viable level in 2023, corporate decision-makers and CEOs increasingly recognize its transformative power. Moreover, with global private investment in quantum computing growing, the market is set for substantial expansion. Consequently, this article highlights the best quantum computing stocks to consider for investment.
According to Precedence Research, the global quantum computing marketwill reach approximately $125 billion by 2030. This translates into a compound annual growth rate (CAGR) of 36.89% from 2022 to 2030. However, I firmly believe that with the enthusiasm this area generates, it will easily surpass these estimates. Therefore, this exponential growth trajectory underpins the immense opportunities available for investors.
Below is a compilation of three promising quantum computing stocks that offer the potential for significant growth in the years ahead. When searching for new stocks to add to your portfolio, consider these options carefully.
Source: Poetra.RH / Shutterstock.com
Nvidia(NASDAQ:NVDA), a prominent player in the quantum computing market, holds a significant position as one of the primary providers of graphics processing units (GPUs), which are crucial for enhancing computing performance. Notably, Nvidia is expanding by venturing into the hardware domain with the introduction of DGX Quantum. This pioneering computing system amalgamates GPUs and quantum computing, marking a notable advancement in the field.
The DGX Quantum harnesses the immense potential of Nvidias Grace Hopper Superchip, empowering researchers to develop exceptionally powerful applications. This integration facilitates essential functionalities such as calibration, control, quantum error correction, and hybrid algorithms, as highlighted by the company.
Considering Nvidias pivotal role in the global semiconductor market and its burgeoning presence in quantum architecture, NVDA stock holds promise as a solid long-term investment opportunity for quantum computing investors, despite the reality that the potential realization of its benefits may take several years.
Source: Castleski / Shutterstock.com
Alphabet(NASDAQ:GOOG), the parent company of Google, has made significant strides in the quantum computing market. In 2018, the company unveiled Bristlecone, a quantum processor boasting an impressive 72 qubits, showcasing its commitment to advancing quantum technology. Furthermore, Alphabet has taken steps to establish its own private company dedicated to quantum computing and artificial intelligence.
In a remarkable breakthrough, Alphabet engineers recently announced a milestone achievement in the quantum computing industry. They revealed that their quantum processor has the potential to mitigate common errors associated with quantum computing by scaling up the number of qubits employed in computational processes.
On a separate note, Alphabet has been a top-performing company in the stock market for several years. And its shares are doing well in 2023, up more thank 40% year-to-date. This performance is especially impressive, considering the misstep earlier in the year the company suffered when launching its generative AI offering, Bard.
However, Alphabets Google Cloud Platform and YouTube services continue to occupy a huge chunk of their respective markets. In essence, Alphabet can afford to make mistakes regarding its AI ambitions. (On a side note, if you want to know more about AI and its associated stocks,check outthis article.)
Undoubtedly, Alphabet is constructing a robust foundation in the realm of quantum computing. With its proven track record, the stock is a promising long-term investment for those focusing on the quantum computing industry.
Source: josefkubes / Shutterstock.com
Investing inHoneywell(NASDAQ:HON) offers a key advantage: its diverse collection of businesses enables the company to grow earnings across different economic climates. At the same time, it offers a unique way of investing in quantum computing.
Quantinuum, an enterprise in the quantum computing domain jointly owned by Honeywell and Cambridge Quantum, has recently appointed Raj Hazra, a seasoned veteran with 30 years of supercomputing experience, as its new Chief Executive Officer (CEO).
This strategic move highlights the industrys recognition of the necessity for accomplished leaders and visionaries. They possess the expertise to propel quantum computing from a realm of scientific theory to a formidable force.
Under the guidance of Hazra, Quantinuum has established strong foundations in the quantum landscape. The company has focused intently on developing quantum computing products in critical sectors such as internet security, climate modeling, and pharmaceutical drug research. Emphasizing the enterprises capabilities, Hazra pointed to the presence of state-of-the-art engineering talent within Quantinuum, which boasts a talented workforce of 350 scientists.
With Hazra at the helm, Quantinuum is poised to leverage its expertise and resources to drive advancements in quantum computing. The companys focus on groundbreaking applications and the caliber of its scientific personnel bodes well for its potential to emerge as one of the most promising quantum computing stocks to consider for investment.
Are you done with this list? No worries! We have anexcellent article from Ian Cooperthat you can go through. He has conducted extensive research while profiling three promising quantum computing stocks. Happy investing!
On the publication date, Faizan Farooque did not hold (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.comPublishing Guidelines.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
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The 3 Most Promising Quantum Computing Stocks to Buy in June 2023 - InvestorPlace
Energy Efficiency in Computing: The Role of Quantum Computing – EnergyPortal.eu
Energy efficiency has become a critical aspect of modern computing, as the demand for computational power continues to grow exponentially. With the advent of big data, artificial intelligence, and the Internet of Things, the need for more efficient computing systems has never been greater. One of the most promising solutions to this challenge is the development of quantum computing, a revolutionary technology that has the potential to dramatically increase the energy efficiency of computing systems.
Quantum computing is based on the principles of quantum mechanics, a branch of physics that describes the behavior of matter and energy at the atomic and subatomic scale. Unlike classical computers, which use bits to represent information as either 0s or 1s, quantum computers use quantum bits, or qubits, which can represent both 0 and 1 simultaneously. This unique property allows quantum computers to perform complex calculations much more efficiently than classical computers, potentially reducing the energy consumption of computing tasks by orders of magnitude.
One of the primary reasons that quantum computing has the potential to be so much more energy-efficient than classical computing is the way in which it processes information. Classical computers rely on the movement of electrons through transistors to perform calculations, which generates heat and requires energy to cool the system. In contrast, quantum computers rely on the principles of quantum superposition and entanglement to perform calculations, which do not involve the movement of particles and therefore generate significantly less heat.
In addition to reducing the energy consumption of individual computing tasks, quantum computing also has the potential to improve the overall efficiency of computing systems by enabling more effective optimization algorithms. Classical optimization algorithms often rely on brute-force search techniques, which require a significant amount of computational power and energy. Quantum optimization algorithms, on the other hand, can take advantage of the unique properties of qubits to explore multiple solutions simultaneously, potentially reducing the amount of energy required to find the optimal solution.
The potential energy savings offered by quantum computing are particularly relevant in the context of data centers, which are responsible for a significant portion of global energy consumption. According to a study by the International Energy Agency, data centers accounted for approximately 1% of global electricity use in 2018, and this figure is expected to grow as the demand for computational power continues to increase. By improving the energy efficiency of computing tasks and enabling more effective optimization algorithms, quantum computing has the potential to significantly reduce the energy consumption of data centers and help mitigate the environmental impact of the digital revolution.
Despite the significant potential of quantum computing to improve energy efficiency in computing, there are still several challenges that must be overcome before this technology can be widely adopted. One of the primary challenges is the development of stable and scalable qubits, which are currently prone to errors due to their sensitivity to environmental factors. Additionally, the development of practical quantum algorithms and software is still in its infancy, and significant progress will be required before quantum computers can be used for a wide range of applications.
In conclusion, quantum computing represents a promising solution to the growing challenge of energy efficiency in computing. By harnessing the unique properties of quantum mechanics, this technology has the potential to dramatically reduce the energy consumption of computing tasks and improve the overall efficiency of computing systems. While there are still several challenges that must be overcome before quantum computing can be widely adopted, the potential benefits of this technology make it an important area of research and development for both industry and academia. As the demand for computational power continues to grow, the development of energy-efficient computing technologies such as quantum computing will become increasingly important in ensuring the sustainability of our digital future.
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Energy Efficiency in Computing: The Role of Quantum Computing - EnergyPortal.eu
5 Ways that Quantum Computing Benefits Development in Africa … – Borgen Project
TRAVERSE CITY, Michigan In recent years, educational institutions in South Africa have begun investing in quantum computing. Schools like the University of the Witwatersrand, Stellenbosch University and the University of KwaZulu-Natal have all developed an interest in exploring this exciting technology and its uses. But what is quantum computing? More importantly, what are the ways quantum computing benefits development in Africa?
Quantum computingutilizes superposition and entanglement, two basic elements of quantum mechanics, to process information at phenomenal speeds. With superposition, a particle can effectively be in two states at the same time, though it is only seen as one or the other when measured. Entanglement allows for a connection between two particles so that they react to any changes in state between them immediately. This makes quantum computing far faster and more accurate when measuring data and performing simulations than traditional computing technology.
Quantum computers will not replace current-day computers any time soon, but can be applied to several applications as a serious boon for anyone that uses them. Here are five notable ways quantum computing benefits development in Africa.
In countries like the Democratic Republic of Congo, where the average annual salary is as low as U.S. $490 a year,the cost of HIV drugs(average U.S. $75 a year) is restrictive for most people. Traditional methods of drug development and production keep costs high; however, quantum computing may change this. The processing power of quantum computers would allow for bettermodeling of the molecular structuresof specific viruses, which exponentially reduces the cost and time for drug development. While doctors exploring the use of quantum computing in medicine at IBM Research-Africa acknowledge that the development of new HIV drugs is years away, the potential for future relief is welcoming.
Another way quantum computing benefits development in Africa is byassisting infrastructure. Many countries throughout Africa suffer from poorly implemented services and systems, particularly roads and transportation. The Million Neighborhoods Map, launched in 2019, details informal settlements and impoverished sectors throughout many cities in Africa and beyond. Quantum computing, however, can help inoptimizing roadsto more efficiently reach those in need of them. In addition, quantum computing can make travel routes and service deliveries more reliable. An example of this is when 4,000 or more taxis with an optimization problem tested the capabilities of quantum computing, which delivered 5,000 solutions within seconds.
Setting up stable and working energy grid systems in Africa is often a tough and complex task. Many regions of the continent have little to no power, while what little systems there are struggle to keep up with demand. Transmission across power grids can also be a problem, with over 15% of a grids energy lost in the wires. With quantum computing, algorithms can be applied to local electrical grids that assist in reducing energy overloads.Simulations and modelingdone through computing can help build improved and efficient smart grid technologies, making energy grid construction easier and accessible for communities. These simulations can also assist in building wind turbines and improved transmission systems, demonstrating more ways quantum computing benefits development in Africa.
Finances and security are major worries for any person or country. The risk of fraud and other cyberattacks is present for anyone in Africa who has access to online banking. On the opposite end, many areas may not have access to a bank at all, making financial stability a challenge for some people. Improving these systemsand protecting valuable assets, however, is another way quantum computing benefits development in Africa. With the complex systems modeling that quantum computing is capable of, financial data can be used to improve fraud detection and find faults in ones banking situations. These systems can also open Africa to credit scoring, making credit offers widely available to others where banks are inaccessible. Meanwhile, banks can utilize post-quantum cryptography algorithms to make data transfers easier and safer, improving cybersecurity immensely.
With the dangers of climate change increasing, freak weather events pose a great danger to many parts of Africa. Drought in particular is a frequent worry for many sections of the continent, endangering local agriculture and threatening famine.Quantum computing can analyzeimmense amounts of weather data to better predict weather patterns and make large-scale weather events easier to respond to. This improved weather forecasting would be especially beneficial to African countries where such events can be devastating to a community and food security.
It will still be many years before quantum computing becomes widespread. Yet already, there are many possibilities by which quantum computing benefits development in Africa. Alongside others around the world, Africa can become a leading force in quantum technology for everyones betterment.
Kenneth BerendsPhoto: Flickr
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5 Ways that Quantum Computing Benefits Development in Africa ... - Borgen Project
Supercharge Your Growth Potential with Emergen Research’s … – The Bowman Extra
[Vancouver, Canada, 12-06-2023] Emergen Research, a leading provider of market research solutions, is thrilled to announce the release of its highly anticipated Quantum Computing for Enterprise market research report. This innovative offering aims to empower businesses across industries with valuable insights and data-driven strategies to drive growth and success.
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The global quantum computing for enterprise market is forecast to reach a market size of USD 3,907.4 Million by 2027, and register a steady revenue growth rate, according to latest analysis by Emergen Research. Growth of the global quantum computing for enterprise market in terms of revenue is expected to increase substantially over the forecast period due to increasing global demand for quantum computing simulation for drug discovery and to identify new chemical compounds. Rising need to accelerate the learning process of Artificial Intelligence (AI) is also a major factor expected to further boost global quantum computing for enterprise market growth during the forecast period. Rising adoption of quantum computing in the automotive industry is expected to further support growth in market size in future.
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How Quantum Computing Will Shape the Future of Finance – CityLife
Quantum Computings Impact on Financial Risk Management and Portfolio Optimization
Quantum computing, a technology that has long been the subject of science fiction and academic research, is now on the verge of becoming a reality. This revolutionary approach to computing harnesses the principles of quantum mechanics to perform calculations at speeds that are orders of magnitude faster than traditional computers. As a result, quantum computing has the potential to reshape the future of finance, particularly in the areas of financial risk management and portfolio optimization.
Financial risk management is a critical function in the world of finance, as it helps institutions identify, assess, and mitigate potential losses from market fluctuations, credit defaults, and other unforeseen events. Traditional risk management techniques rely on complex mathematical models and large-scale simulations to forecast potential losses and determine the optimal strategies for mitigating them. However, these methods can be computationally intensive and time-consuming, especially when dealing with large portfolios and high levels of uncertainty.
Quantum computing offers a potential solution to these challenges by enabling financial institutions to perform complex calculations and simulations much more quickly and efficiently than traditional computers. For example, quantum algorithms such as Grovers and Shors have been shown to significantly speed up the process of searching through large databases and factoring large numbers, respectively. These capabilities could be particularly useful in the context of financial risk management, as they would allow institutions to more quickly identify potential risks and develop strategies to mitigate them.
In addition to improving the speed and efficiency of risk management calculations, quantum computing could also lead to more accurate and robust models for predicting financial risks. This is because quantum computers can process and analyze vast amounts of data simultaneously, which could enable them to identify subtle patterns and correlations that might be missed by traditional computers. By incorporating these insights into their risk models, financial institutions could potentially develop more accurate forecasts of potential losses and better strategies for mitigating them.
Another area where quantum computing could have a significant impact is portfolio optimization, which involves selecting the optimal mix of assets to maximize returns while minimizing risk. Traditional portfolio optimization techniques, such as mean-variance optimization and the Black-Litterman model, rely on historical data and statistical assumptions to estimate the expected returns and risks of different assets. However, these methods can be limited by their reliance on historical data, which may not accurately reflect future market conditions, and their inability to account for complex, nonlinear relationships between assets.
Quantum computing could potentially address these limitations by enabling portfolio managers to process and analyze large amounts of data more quickly and efficiently than traditional computers. This could allow them to develop more accurate and dynamic models of asset returns and risks, which could in turn lead to more effective portfolio optimization strategies. Moreover, quantum computing could also enable portfolio managers to explore a wider range of potential investment strategies, as they would be able to evaluate the performance of these strategies more quickly and accurately than traditional computers.
In conclusion, quantum computing has the potential to significantly reshape the future of finance, particularly in the areas of financial risk management and portfolio optimization. By enabling financial institutions to perform complex calculations and simulations more quickly and efficiently than traditional computers, quantum computing could lead to more accurate and robust risk models, as well as more effective portfolio optimization strategies. However, it is important to note that the full potential of quantum computing in finance has yet to be realized, as the technology is still in its early stages of development. As quantum computers become more powerful and accessible, it will be fascinating to see how they transform the world of finance and unlock new opportunities for growth and innovation.
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How Quantum Computing Will Shape the Future of Finance - CityLife