Category Archives: Quantum Computing
Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023 – Benzinga
April 27, 2023 4:05 PM | 2 min read
BERKELEY, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter2023 results on Thursday, May 11, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.
Key details regarding the call are as follows:
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Call Date: Thursday May 11, 2023Call Time: 5:00 p.m. ET / 2:00 p.m. PT Webcast Link: https://edge.media-server.com/mmc/p/tuef4569 Live Call Participant Link: https://register.vevent.com/register/BIdb44624a57824563b38c0a1afe3736a1
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Webcast InstructionsYou can listen to a live audio webcast of the conference call by visiting the "Webcast Link" above or the "Events & Presentations" section of the Company's Investor Relations website at https://investors.rigetti.com/. A replay of the conference call will be available at the same locations following the conclusion of the call for one year.
Live Call Participant InstructionsTo participate in the live call, you must register using the "Live Call Participant Link" above. Once registered, you will receive dial-in numbers and a unique PIN number. When you dial in, you will input your PIN and be routed into the call. If you register and forget your PIN, or lose the registration confirmation email, simply re-register to receive a new PIN.
About RigettiRigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company's proprietary quantum-classical infrastructure provides high performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at http://www.rigetti.com.
ContactRigetti Computing Media Contact:press@rigetti.com
Rigetti Computing Investor Relations Contact:IR@Rigetti.com
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Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023 - Benzinga
Solving computationally complex problems with probabilistic computing – Tech Xplore
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Flowchart and schematic of a probabilistic (p-bit) stochastic nanomagnet network for scalable, energy-efficient computing of combinatorial optimization problems: a giant spin Hall effect (GSHE) layer converts input voltage into a spin current (top left); a free circular nanomagnet with low thermal barrier serves as the free layer (top right). Credit: Zhu, Xie, and Bermel, doi 10.1117/1.JPE.13.028501.
According to computational complexity theory, mathematical problems have different levels of difficulty in the context of their solvability. While a classical computer can solve some problems (P) in polynomial timei.e., the time required for solving P is a polynomial function of the input sizeit often fails to solve NP problems that scale exponentially with the problem size and thus cannot be solved in polynomial time. Classical computers based on semiconductor devices are, therefore, inadequate for solving sufficiently large NP problems.
In this regard, quantum computers are considered promising as they can perform a large number of operations in parallel. This, in turn, speeds up the NP problem-solving process. However, many physical implementations are highly sensitive to thermal fluctuations. As a result, quantum computers often demand stringent experimental conditions such extremely low temperatures for their implementation, making their fabrication complicated and expensive.
Fortunately, there is a lesser-known and as-yet underexplored alternative to quantum computing, known as probabilistic computing. Probabilistic computing utilizes what are called "stochastic nanodevices," whose operations rely on thermal fluctuations, to solve NP problems efficiently. Unlike in the case of quantum computers, thermal fluctuations facilitate problem solving in probabilistic computing. As a result, probabilistic computing is, in fact, easier to implement in real life.
Shedding much-needed light on this potential alternative, a group of researchers have now demonstrated the capabilities of probabilistic computing by simulating stochastic nanodevice networks to solve specific NP problems. The study, led by Professor Peter Bermel from Purdue University, is published in the Journal of Photonics for Energy (JPE).
The researchers used the "Ising model," a canonical model for simulating a wide variety of physical as well as mathematical problems. Originally devised to model the interactions of magnetic dipole moments of atomic spins, its energy operator, namely the "Hamiltonian," can also represent NP problems. Essentially, solving an NP problem amounts to solving the corresponding Ising Hamiltonian. Probabilistic computing devices made of networks of optical parametric oscillators (OPOs) and stochastic circular nanomagnets with low thermal barriers have been used to solve such problems.
The researchers implemented one such nanomagnet network using existing fabrication methods. They then used it to solve the Ising Hamiltonians of four NP-complete problems (problems with no efficient solution algorithm) from number theory associated with combinatorial optimization. These included number partitioning, exact cover, binary integer linear programming, and integer linear programming.
The simulation results of the first three problems with 3, 3, and 6 probabilistic bits (p-bits) strongly agreed with the theoretical solution (Boltzmann law) of the Ising model. The researchers observed a similar agreement between modeling and theory in the simulations of five different exact cover problems with 3, 6, 9, 12, and 15 p-bits. This indicated the potential for scaling up probabilistic computing frameworks.
According to Bermel, "in probabilistic computing, efficient scaling with problem size is the key to make it a robust, relevant alternative to classical computing techniques. Both modeling and experiments will be needed to confirm which approaches are most promising."
While the simulation results reported show robust results for all p-bits (from 3 to 15), the researchers suggest that parallel algorithms could help further scale up the simulation capability. In cases where parallelism is not feasible, transitioning from nanomagnet to OPO networks could facilitate efficient problem solving. The system can be mapped on an OPO network and easily implemented with current fabrication techniques, such as the CMOS technology. This, in turn, can lead to the development of stochastic nanomagnets with low energy barriers for probabilistic computing.
JPE Editor-in-Chief Sean Shaheen of University Colorado Boulder remarks, "Developing unconventional forms of computing hardware is becoming increasingly important as AI and scientific/enterprise computing accelerate in scale, at a pace that brings significantif not urgentconcerns about their energy consumption and carbon footprint."
"This work by Zhu, Xi, and Bermel provides a practical pathway to a hardware platform that solves an important class of NP-complete problems. By creatively harnessing networks of nonlinear optical devices to carry out Ising computing, the work demonstrates a scalable, energy-efficient approach that has the potential to vastly outperform conventional hardware in solving computationally complex problems."
More information: Jie Zhu et al, Numerical simulation of probabilistic computing to NP-complete number theory problems, Journal of Photonics for Energy (2023). DOI: 10.1117/1.JPE.13.028501
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Solving computationally complex problems with probabilistic computing - Tech Xplore
India embraces the technology Kranti – The Sunday Guardian Live – The Sunday Guardian
In Hindi, the word for revolution is Kranti. This kranti for India has a larger meaning. KRANTI is Knowledge, Research, and New Technology in India.
The worlds largest free market democracy has become the strongest adopter and creator of emerging technologies. More than a billion Indian citizens and consumers are getting direct benefits as they leapfrog over several legacy challenges.Since 2014, the fourth industrial revolution has swept the country where a billion plus people are getting last mile delivery of products and services both from the government and an entrepreneurial private sector. This scale of last mile delivery using tech platforms has no precedent in the history of democracy in the world. Technologies like AI, blockchain, drones, IoT and 3D manufacturing are changing Indias economic landscape.A few statistics here would help. Food delivery apps have crossed 2 million food deliveries in a day. Indias digital payments infrastructure United Payments Interface (UPI) crossed 8.7 billion transactions in March. UPI allows various money-financial transaction applications and is important for those who have not been part of the formal banking system. Over $4.5 billion of welfare support has been given to 160 million citizens with transparency. Despite the odds, over 115 tech based unicorn companies have a combined valuation of over $350 billion.All this has been made possible by a technological revolution which has taken root in India. In Hindi, the word for revolution is Kranti. It has been associated mainly with Indias fight against British occupation, but now it reflects the deep and widening spread of the Fourth Industrial Revolution. This kranti for India has a larger meaning. KRANTI is Knowledge, Research, and New Technology in India. Indian industry is now being incentivized to invest in research and knowledge.In recent years, India has begun to innovate and technologize to solve the unique challenges of the country. The fourth industrial revolution democratized access to many emerging technologies. Indian innovators seized this opportunity to create solutions which could help domestic businesses to improve their products and services rapidly. Artificial intelligence, internet of things, drones, virtual and augmented reality and automation brought efficiency and transparency to businesses. The charge of the digital brigade has allowed India to claim success as a tech creator. The number of tech patents in India have seen a steady rise. Industry body Nasscom says that Indian companies have filed 1,38,000 tech patents in India and over 9,500 patents in the US during 2015-2021. More than 60% of these patents were filed by Indian companies and start-ups, while 17% of the tech patents were filed by individual inventors/academia research outfits. These patented technologies have been deployed in various sectors such as finance, health and logistics. Reports suggest that India already has 127 patents for 6G technology which will underpin Web 3 and metaverse technologies.Much of the rise has been made possible by public private collaboration and the Jandhan Aadhar and Mobile trinity model created by the Narendra Modi government. New models have allowed last mile delivery of products and services. While the private sector has innovated for consumers and government backed projects brought welfare schemes and financial inclusion for citizens. A Niti Aayog report says that digital platform based gig economy will give livelihood to 23.5 million workers by 2029-30 from just 7.7 million today.Cutting edge technologies are getting attention too. The government has approved the setting up of a National Quantum Mission with a funding of over $730 million. India joins the league of countries which are investing in emerging technologies which will shape business and innovation. Quantum technologies include applications like computing, communication, simulation and sensing. These can be used in sectors like materials science, energy, drug discovery and defence.While quantum computing has been around for decades, the last few months have seen tremendous interest from investors and government. Quantum computing uses principles of physics where sub-atomic Qubits can store and process information in a way that traditional computers cant. The scale and speed of quantum computing is far ahead of what even a supercomputer can achieve. Some tasks that a classical computer may take a week to complete can be done in just one second with quantum computing.
AGRICULTUREIndia has brought emerging technologies to the farm sector. A recent report by World Economic Forums (WEF) Centre for Fourth Industrial Revolution captures this trend. Using Technology to Improve a Billion Livelihoods report that the use of drones in agriculture can create a $100 billion GDP boost and help millions get better livelihoods. Drones are poised to be an effective tool to support farmers reduce their operating costs and efforts, while at the same time optimizing their input use. There are multiple uses for drones, including surveying, seeding, spraying, pollination, etc. that are at different stages of technology and business model maturity, the report says.There are several areas where drones are making their presence felt. These include seed propagation; pesticide spraying; yield prediction; land records; insurance assessment; and crop monitoring.Several policies of the government are now promoting the manufacture and use of drones not just in agri but other sectors. A mission on agri mechanization will support the use of drones, while the Drone Shakti programme will promote drone-as-a-service across the country. The PLI and export promotion incentives are expected to bring $50 million of investment in the drone production.
METAVERSEIn India companies like Tech Mahindra and Infosys have launched industrial metaverse solutions for domestic and global businesses. Tech Mahindra is geared up to harness the power of Metaverse to bring imagination to life and offer futuristic experiences now. Network of the future, 5G, will form the backbone to provide enhanced experience to customers in the metaverse universe, the company says.With the roll-out of 5G in India, metaverse applications will be accelerated across the industrial spectrum. High speed connectivity and low latency is critical for any real-time application and usage. Companies using metaverse-based solutions will also have to change their internal business and manufacturing processes. If many of the design and quality check issues are avoided with digital design, many physical steps may become redundant.
BHASHINIIndias efforts on bringing the digital revolution to languages is being recognized and lauded. The Bhashini project led by the Ministry of Electronics and IT aims to build a National Public Digital Platform for languages to develop services and products for citizens by leveraging the power of artificial intelligence and other emerging technologies. As millions of Indians join the digital mainstream, they will need information and services in their own languages. Companies that want to deliver their products and services to Indias growing consuming class understand the need to use local languages. The Bhashini project is bringing together industry, academia and innovators to create an open repository. Translation applications will be created between several languages. From Tamil to Assamese. Or from Punjabi to Kannada.Institutions and individuals can contribute in the four pillars of language understanding: Suno (to listen); Bolo (to speak); Likho (to write); and Dekho (to read). Since Bhashini is a public project, everyone can contribute but no one company can have a monopoly to use or license. The open source framework will help it grow with crowd contributions
DIGI YATRA, DIGILOCKER, DIGI EVERYTHINGMore than 160 million citizens of India have now signed up and loaded important documents and certificates on the Digilocker platform. Seeking, saving and managing important documents of identity, tax and assets in a digital format has freed citizens from the tyranny of paper files. Launched by the Ministry of Electronics and Technology in 2016, the Digilocker platform had a slow start. Till 2020 the number of registered users on the platform were about 38 million. The number of users more than doubled in just one year to over 91 million by 2021. These users have stored and saved over 5.5 billion documents on the platform.In another first, several airports in India are now accepting face recognition based DigiYatra app for flight passengers. Users can link their identity cards saved on Digilocker to the Digiyatra app.The Digital India mission has become all pervasive and is spawning solutions for 1.4 billion people. Cutting edge technologies to low tech solutions applied is scale is bringing efficiency, transparency and affordability in the services they need. This is the new Kranti of India.
*Pranjal Sharma is the author of India Automated and Kranti Nation.
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India embraces the technology Kranti - The Sunday Guardian Live - The Sunday Guardian
ParticleX and HKUST Co-Invest in Quantum Computing Startup QUANTier – Yahoo Finance
HONG KONG, April 26, 2023 /PRNewswire/ --ParticleX, a leading venture capital company for startups, is thrilled to announce its partnership with the Hong Kong University of Science and Technology (HKUST) Entrepreneurship Fund ("E-Fund") to co-invest in QUANTier, an innovative quantum computing startup. Quantum computing has the power to transform industries such as education, cryptography, drug discovery, materials science, and financial modeling by performing calculations at exponentially faster speeds than traditional computers. This joint investment supports the Financial Secretary's initiatives outlined in the 2023-24 budget speech to enhance Hong Kong's innovation and technology ecosystem.
QUANTier, a HKUST spin-off, specializes in building Quantum Processing Units using atoms and designs to provide cloud computing services that enhance users' quantum computing experiences. Their unique technology uses laser light to control the movement of atoms, allowing for a room-temperature infrastructure for quantum computers. QUANTier is dedicated to delivering high-quality qubits with long coherence times, making quantum computing more practical and accessible than ever before. Their innovative approach to developing quantum processing units with atoms has the potential to revolutionize the industry. They target universities and medium-sized businesses that prioritize quality qubits over speed, making their initial focus on education a natural fit.
Mingles Tsoi, CXO of ParticleX, stated, "The HKSAR Government recently announced a $3 billion investment in basic research for frontier technology fields such as artificial intelligence and quantum technology in its 2023-24 Budget. ParticleX's investment in QUANTier demonstrates our commitment to building a strong digital future. We believe quantum computing will be instrumental in shaping the future of technology, and we are excited to be at the forefront of this revolution. We are confident that with our support, QUANTier will continue to make significant strides in the field of quantum computing, and we eagerly anticipate the impact their technology will have on the world."
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"We are proud to see QUANTier, a HKUST spin-off, receive the support of ParticleX and our HKUST Entrepreneurship Fund. This collaboration highlights the importance of academia and early-stage investors working together to drive the disruptive innovation from the breakthroughs in quantum computing research. We firmly believe QUANTier's innovative approach has the potential to reshape the landscape of quantum computing in the years to come." Dr. Shin Cheul Kim, PhD, Associate Vice-President for Research and Development (Knowledge Transfer), Hong Kong University of Science and Technology.
Dr. Elnur Hajiyev, co-founder and CTO of QUANTier said, "We're thrilled to have the support of ParticleX and HKUST Entrepreneurship Fund, as their investment will accelerate our development. We look forward to sharing our first-generation neutral atom quantum computing system with the community. "
About ParticleX
ParticleX (https://particlex.com) is a venture capital company that invests in early-stage technology startups, focusing on companies with robust business models and large Total Addressable Markets (TAM). Offering a suite of comprehensive services, ParticleX provides funding, technology breakthroughs, strategic reinvention, and business matchmaking to support startups on their path to success.
About HKUST Entrepreneurship Fund
Aligning with HKUST's Knowledge Transfer Mission and with a view to strengthening the promotion of entrepreneurship spirit among HKUST stakeholders leading to social and economic impact, the HKUST Entrepreneurship Fund ("E-Fund") (https://e-fund.hkust.edu.hk/), with an initial fund size of HK$50M committed by HKUST, is established for the benefit of promising HKUST technology start-up companies.
About QUANTier
QUANTier (https://particlex.com/portfolio/quantier/) is a quantum computing startup that develops Quantum Processing Units using atoms. As a spin-off from the Hong Kong University of Science and Technology (HKUST), QUANTier is on a mission to revolutionize quantum computing, making it more accessible and practical for various industries.
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ParticleX and HKUST Co-Invest in Quantum Computing Startup QUANTier - Yahoo Finance
You can cross ‘Quantum computers to smash crypto’ off your list of existential fears for 30 years – The Register
RSA Conference Adi Shamir, the cryptographer whose surname is the "S" in "RSA", thinks folks need to stop worrying about quantum computing breaking encryption algorithms.
Speaking on the annual cryptographers' panel at the RSA Conference in San Francisco this week, he opined that in the 1990s he saw three big issues appear on the security industry's radar: AI, cryptography, and quantum computing. Two out of three had delivered, he said, and quantum computing has yet to show promise and won't for decades to come.
99 percent of encrypted messages are junk, he opined. Requests for lunch meetings or banal chat; waste of time to decrypt, and there's so much of it.
The idea that such missives would be a top cracking priority isn't realistic, he reminded the audience. And while important messages might be decoded decades on, the signal-to-noise ratio is going to make throwing a quantum machine at the job a poor way to find real secrets.
He wasn't alone in his skepticism. British mathematician Cliff Cocks, who developed public-key cryptography years before session host Dr Whitfield Diffie and his colleagues came up with the same idea, was somewhat cutting about stories that the Chinese have developed quantum systems to crack current encryption systems.
The Chinese system may work well on very small data sets, he opined, but there's "no evidence whatsoever" that it would work on a larger scale. That said, Anne Dames, IBM zSystems Distinguished Engineer and Cryptographic Technology Architect, argued China's efforts are as good a reason as any to update your public-private keys just to be on the safe side. The longer and more secure the keys the better she opined. There's no harm in using quantum-resistant algorithms, either, we note.
The RSA cryptographer's panel in San Francisco today
"Quantum computers, even if they don't exist today, will do in the next 30-40 years, so we will need to switch keys," she advised, saying the current concerns over quantum cryptography reminded her a lot of blockchain hype.
That said, all the encryption in the world isn't going to help you defend against insider threats. It's been ten years since an IT contractor called Edward Snowden managed to walk off with the NSA's crown jewels, and the latest Pentagon leak is alleged to have involved a guy showing off classified information on Discord to impress friends. This showed the systems we use are still critically weak, Diffie argued.
Shamir argued Snowden was a short-term and long-term disaster for the NSA, and diminished America's influence by exposing directly long-suspected practices - such as the presence of backdoors in commercial products - for which no evidence had previously been available. Quantum computers breaking encryption could deliver similar revelations, Shamir opined, but it's a way off doing so.
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You can cross 'Quantum computers to smash crypto' off your list of existential fears for 30 years - The Register
Tech executives unconvinced by Metaverse, blockchain and quantum computing – The Irish Times
Irish tech executives are reluctant to commit company resources to emerging technologies like the Metaverse, blockchain, 3D printing and quantum computing despite a huge wave of public and business interest in recent years, a new survey from EY suggests. However, the accountancy giants Technology Leaders Outlook report for 2023 indicates that a large majority of Irish businesses are looking to maintain ramp up their IT staffing levels to deliver on their digital transformation agendas.
Based on a survey of 150 chief technical officers (CTOs) at a number of Irish companies across a range of industries, from financial services to the public sector and construction, the report highlights the priority that companies place on technological growth.
Some 44 per cent of survey respondents said they are planning or executing a digital transformation or change programme with almost half saying that they expect their companys IT spending to increase over the next two years.
Meanwhile, an overwhelming 93 per cent of CTOs said they plan to increase or maintain current IT staffing levels as they implement their tech overhauls. But the shortage of talent in the sector is also a top concern for executives with almost a third (32 per cent) naming staffing as the biggest challenge to growth over the next two years, followed fears of a global recession (27 per cent).
Irish organisations recognise the need to migrate their core systems to more modern, cloud-based IT architectures but they also know this transition will not be easy, said Ronan Walsh, consulting partner and head of technology consulting at EY Ireland. While not without risk, it is ultimately a high reward journey that requires buy-in from the very top of the organisation.
When it comes to investing in new technologies, however, executives say they are focused on delivering long term and immediate value and are slow to devote resources to what some see as nascent technologies, EY said.
Respondents said the technologies most likely to deliver immediate value are process automation (46 per cent), data analytics (39 per cent) and the Internet of Things and 5G (38 per cent). Just 1 per cent said the Metaverse and quantum computing are likely to deliver in the short term while only 3 per cent were convinced by blockchain, suggesting that widespread adoption is still some way off.
We are already seeing some of the main proponents of the metaverse pulling back on investments in the new virtual realm and the paucity of use cases for the majority of businesses will probably see it remain a fringe technology for some time to come, said Colin Reilly, EY Ireland partner and chief technology consulting investment officer. That is not to say that it will not deliver value to organisations at some point in the future, but for the moment at least, that point seems a long way off.
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Tech executives unconvinced by Metaverse, blockchain and quantum computing - The Irish Times
RSA Cryptographers’ Panel Talks Quantum Computing and AI – BankInfoSecurity.com
Encryption & Key Management , Events , RSA Conference
Prepare now for the coming of quantum computing and its potential ability to crack current cryptographic systems, warned panelists of an annual cryptographer panel at the RSA Conference.Despite their status today as expensive science projects, superfast computers that use atom-level states of uncertainty are likely a matter of time, leading to worries that today's encryption standards are destined for obsolescence.
While hype is high around quantum computing, Cryptographers Panel Radia Perlman, a fellow at Dell EMC who's an expert in network routing protocols and network security, said there's a clear imperative for "the good guys" to research the risk posed by quantum computers because "the bad guys" will be doing the same. If that happens, she said, "we're all going to have to replace our current public key algorithms."
See Also: Live Webinar | Education Cybersecurity Best Practices: Devices, Ransomware, Budgets and Resources
At least some organizations should organize for the potential eventuality that quantum computers will break current cryptographic systems. Longtime panelist Adi Shamir - the S in the RSA cryptosystem and who's a professor of computer science Israel's Weizmann Institute - said the big danger is that a quantum computer able to crack today's encryption could well get developed in 30 years, and that "the NSA or other bad guys are going to record everything that everyone says today then wait until quantum computers become available and then break the cryptography."
For anyone who needs to keep a set of data secure for more than 30 years, his advice is simple: Don't rely on public key cryptography.
Shamir added that "99.99% - and maybe a few additional nines - of what's being encrypted today and signed do not require a 50-year secure life," given that most emails are about banal matters - think plans for lunch. Even sensitive information, such as an organization's product development efforts, might become public knowledge in 12 months.
Whether quantum computers will ever be able to crack today's cryptosystems remains unclear. Perhaps simply making existing cryptosystem key sizes larger will be a suitable defense, said panelist Anne Dames, a distinguished engineer at IBM who's leading its effort to develop quantum-safe cryptography.
The U.S. National Institute of Standards and Technology last year picked four algorithms designed to resist decryption attacks mounted by a quantum computer, as part of its effort to set a post-quantum cryptographic standard. Panelists noted NIST has signaled that it might expand the shortlist, in part because all four use a similar mathematical approach, which isn't ideal.
Among the hot topics at RSA Conference 2023, arguably the hottest is the impact of AI and machine learning, driven by chatbots such as ChatGPT. "What they seem to be pretty good at is human engineering," said Whitfield Diffie, who with Martin Hellman pioneered public-key cryptography in the early 1970s said.
Shamir said until last year, he thought AI might have some use cases purely on the defensive side of cybersecurity, and very few offensive use cases.
"I've completely changed my mind as a result of last year's developments, including ChatGPT, etc.," he said. "I now believe that the ability of ChatGPT to produce perfect English, to interact with people, is going to be misused on a massive scale" and to "have a major impact on social engineering."
If ChatGPT is ascending the hype scale, blockchain's star seems to be falling.
"Blockchain has been having a bad year," Diffie said, perhaps due only in part to revelations such as how collapsed cryptocurrency exchange FTX was being run (see: 3rd FTX Official Pleads Guilty to Criminal Charges).
"Well, there's cryptocurrencies and there's blockchain," Perlman said.
She said her longstanding advice to project teams interested in applying blockchain remains the same: evaluate different strategies for accomplishing your goal, "and if that is blockchain, which is unlikely," then select that, she said, to laughter from the audience.
An engineer once told her their manager was demanding blockchain be used. In such a case, her advice was to "look at all the alternatives, choose the best one, build that then tell your manager you built it with blockchain; they'll never know the difference."
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RSA Cryptographers' Panel Talks Quantum Computing and AI - BankInfoSecurity.com
ParticleX and HKUST Co-Invest in Quantum Computing Startup … – PR Newswire
HONG KONG, April 26, 2023 /PRNewswire/ --ParticleX, a leading venture capital company for startups, is thrilled to announce its partnership with the Hong Kong University of Science and Technology (HKUST) Entrepreneurship Fund ("E-Fund") to co-invest in QUANTier, an innovative quantum computing startup. Quantum computing has the power to transform industries such as education, cryptography, drug discovery, materials science, and financial modeling by performing calculations at exponentially faster speeds than traditional computers. This joint investment supports the Financial Secretary's initiatives outlined in the 2023-24 budget speech to enhance Hong Kong's innovation and technology ecosystem.
QUANTier, a HKUST spin-off, specializes in building Quantum Processing Units using atoms and designs to provide cloud computing services that enhance users' quantum computing experiences. Their unique technology uses laser light to control the movement of atoms, allowing for a room-temperature infrastructure for quantum computers. QUANTier is dedicated to delivering high-quality qubits with long coherence times, making quantum computing more practical and accessible than ever before. Their innovative approach to developing quantum processing units with atoms has the potential to revolutionize the industry. They target universities and medium-sized businesses that prioritize quality qubits over speed, making their initial focus on education a natural fit.
Mingles Tsoi, CXO of ParticleX, stated, "The HKSAR Government recently announced a $3 billion investment in basic research for frontier technology fields such as artificial intelligence and quantum technology in its 2023-24 Budget. ParticleX's investment in QUANTier demonstrates our commitment to building a strong digital future. We believe quantum computing will be instrumental in shaping the future of technology, and we are excited to be at the forefront of this revolution. We are confident that with our support, QUANTier will continue to make significant strides in the field of quantum computing, and we eagerly anticipate the impact their technology will have on the world."
"We are proud to see QUANTier, a HKUST spin-off, receive the support of ParticleX and our HKUST Entrepreneurship Fund. This collaboration highlights the importance of academia and early-stage investors working together to drive the disruptive innovation from the breakthroughs in quantum computing research. We firmly believe QUANTier's innovative approach has the potential to reshape the landscape of quantum computing in the years to come." Dr. Shin Cheul Kim, PhD, Associate Vice-President for Research and Development (Knowledge Transfer), Hong Kong University of Science and Technology.
Dr. Elnur Hajiyev, co-founder and CTO of QUANTier said, "We're thrilled to have the support of ParticleX and HKUST Entrepreneurship Fund, as their investment will accelerate our development. We look forward to sharing our first-generation neutral atom quantum computing system with the community. "
About ParticleX
ParticleX (https://particlex.com) is a venture capital company that invests in early-stage technology startups, focusing on companies with robust business models and large Total Addressable Markets (TAM). Offering a suite of comprehensive services, ParticleX provides funding, technology breakthroughs, strategic reinvention, and business matchmaking to support startups on their path to success.
About HKUST Entrepreneurship Fund
Aligning with HKUST's Knowledge Transfer Mission and with a view to strengthening the promotion of entrepreneurship spirit among HKUST stakeholders leading to social and economic impact, the HKUST Entrepreneurship Fund ("E-Fund") (https://e-fund.hkust.edu.hk/), with an initial fund size of HK$50M committed by HKUST, is established for the benefit of promising HKUST technology start-up companies.
About QUANTier
QUANTier (https://particlex.com/portfolio/quantier/) is a quantum computing startup that develops Quantum Processing Units using atoms. As a spin-off from the Hong Kong University of Science and Technology (HKUST), QUANTier is on a mission to revolutionize quantum computing, making it more accessible and practical for various industries.
SOURCE ParticleX
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ParticleX and HKUST Co-Invest in Quantum Computing Startup ... - PR Newswire
Exploring the Potential of Quantum Computing in the Trading Landscape – The Tech Outlook
Quantum computing is an emerging field that has the potential to transform many industries, and the trading landscape is no exception. Quantum computing involves harnessing the power of quantum mechanics to process and manipulate vast amounts of data in ways that are not possible with classical computing systems. The potential benefits of quantum computing in the trading landscape are significant, ranging from more accurate predictions of market trends to improved risk management. In this article, we will explore the potential of quantum computing in the trading landscape.
The rise of online trading has made it easier than ever for individual traders to participate in the global financial markets. With this increased accessibility comes a wealth of data that must be processed and analyzed to make informed trading decisions. The US Dollar index, otherwise known as the DXY, is a crucial tool for traders looking to make predictions about the direction of the market as it allows people to track the value of the US dollar against a basket of other currencies.
As the volume of data and the complexity of trading algorithms continue to grow, quantum computing is emerging as a powerful tool for processing this information and gaining a competitive edge in the trading landscape. By leveraging the power of quantum computing, traders can make more informed decisions, potentially leading to greater profits and reduced risk.
One of the key advantages of quantum computing is its capacity to handle massive volumes of data in real time.. For traders, this means that they can analyze market trends and make informed decisions more quickly than ever before. With the help of quantum computers, traders can usemarket news, financial statements, and social media sentiment, to identify patterns and predict market trends with greater accuracy.
Moreover, quantum computing has the potential to improve risk management in the trading landscape. Through the data provided, quantum computers can identify potential risks and help traders to manage their portfolios more effectively. With the help of quantum computing, traders can make more informed decisions about which investmentsto pursue and which to avoid, thereby minimizing their exposure to risk.
At present, however, quantum computing is still in its infancy, and there are significant technical and practical challenges that need to be addressed before it can be widely adopted in the trading landscape. One of the main challenges is the development of quantum algorithms that can effectively process financial data. At present, most quantum algorithms are designed for scientific and engineering applications, and adapting them for financial data is a complex task that requires significant research and development.
Another challenge is the need for specialized hardware to run quantum algorithms. Unlike classical computing systems, which can run on off-the-shelf hardware, quantum computing requires specialized equipment that is currently only available in a few research labs around the world. The development of more powerful and affordable quantum hardware is crucial for the widespread adoption of quantum computing in the trading landscape.
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Exploring the Potential of Quantum Computing in the Trading Landscape - The Tech Outlook
QuProtect Wins Next-Gen Quantum Computing Global InfoSec … – HPCwire
SAN FRANCISCO, April 25, 2023 QuSecure, Inc., a leader in post-quantum cybersecurity (PQC), today announced that its industry-leading PQC solution QuProtecthas won the coveted Global InfoSec Award from Cyber Defense Magazine (CDM), the industrys leading electronic information security magazine, as announced at the RSA Conference 2023. QuProtect was named the best solution in the Next-Gen Quantum Computing awards category.
This is Cyber Defense Magazines tenth year of honoring InfoSec innovators from around the Globe. The judges were CISSP, FMDHS, and CEH certified security professionals who voted based on their independent review of the company submission and materials on the website. CDM has a flexible philosophy to find more innovative players with new and unique technologies, vs. only larger enterprises.
It is extremely rewarding to be recognized at the RSA Conference by this esteemed panel of security judges as the leading solution in next-generation quantum computing, said Skip Sanzeri, QuSecure co-Founder and COO. Our QuProtect solution enables organizations to protect their communications and secure private information as the world accelerates toward a quantum future, due to the looming threat of quantum computings ability to break the public key encryption we currently use. QuProtects post-quantum technologies are differentiated in the industry and uniquely provide secure, interoperable cybersecurity to protect networks from todays classical threats and future quantum threats.
QuSecures QuProtect software enables organizations to leverage quantum-resilient technology to prevent todays cyberattacks, while future-proofing networks and preparing for quantum cyberthreats. It provides quantum-resilient cryptography, anytime, anywhere and on any device. QuProtect software uses an end-to-end quantum-security-as-a-service architecture that addresses the digital ecosystems most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, crypto agility, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The end-to-end approach is designed to protect the entire information lifecycle as data is communicated, used and stored.
QuSecure embodies three major features we judges look for to become winners: Understanding tomorrows threats today, providing a cost-effective solution, and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach, said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
The QuProtect solution is the industrys most advanced quantum safe solution providing quantum-resilience for todays critical communications, including network, cloud, IoT, edge devices, and satellite communications. Using QuProtect, organizations can implement PQC across all devices on the network with minimal disruption to existing systems, protecting against current classical and future quantum attacks which could irreparably disrupt industries and infrastructures across government and commercial sectors; at the same time solving todays complex compliance challenges, such as bring-your-own-device (BYOD) and work-from-home policies.
About Cyber Defense Magazine
Cyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. It is managed and published by and for ethical, honest, passionate information security professionals. Its mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. It delivers electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that Infosec knowledge is power.
About QuSecure
QuSecure is a leader in post-quantum cybersecurity with a mission to protect enterprise and government data from quantum and classical cybersecurity threats. Its quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The companys QuProtect solution is the industrys first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters, and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley. For more information visit http://www.qusecure.com.
Source: QuSecure
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QuProtect Wins Next-Gen Quantum Computing Global InfoSec ... - HPCwire