Dr. Mark Jackson, a leading expert in quantum computing and Senior Quantum Evangelist at Quantinuum, recently shared his views on the imminent impact of quantum technology. With a PhD in superstring theory and cosmology, Jacksons extensive background positions him as a crucial voice in the quantum revolution. Here, he offered his vision for the future and the necessity of early investment in quantum computing.

The market potential for quantum computing isnt just in the billions; its believed that it will be in the trillions in the next one to two years, Jackson said. This staggering projection underscores the vast economic impact expected from quantum advancements.

Jackson stressed the importance of early adoption.

It takes time to write the software, to understand how this works, to understand how it affects your industry. Its not simply a matter of turning on a dime once you see the headlines about quantum being relevant, he said. The complexity and novelty of quantum computing demand a proactive approach to ensure organizations are ready to leverage its capabilities.

Explaining the fundamental difference between quantum and classical computers, Jackson noted: A normal computer is based on bits which are zero or one. A quantum computer is based on quantum bits, or qubits, which can be zero and one at the same time. This property enables quantum computers to consider multiple solutions simultaneously, vastly increasing computational power. You get this exponential scaling of possible solutions that a quantum computer would consider, he added.

Jackson called attention to some key applications where quantum computing excels.

One thing that quantum computers are very good at is chemistry, being able to do material science calculations, trying to simulate molecules and understand how theyll behave, he said. Personalized medicine is another promising field, as quantum computing could significantly reduce the time and cost required to develop new drugs. With a quantum computer, we think that we could speed this up and make it much more efficient, Jackson explained.

Cybersecurity is also a critical area of concern and opportunity. Jackson pointed out: Quantum computing is relevant to hacking or cybersecurity. Now that quantum is becoming pretty powerful, a lot of governments and communications companies are very concerned about this. Companies like Apple and Zoom have already started upgrading their cybersecurity measures to protect against potential quantum threats.

Despite its potential, Jackson acknowledged the current limitations of quantum technology.

Unfortunately, its very expensive to build a quantum computer right now, and so its only really very developed countries that are investing in this, he said. However, he remains optimistic about the future accessibility of quantum computing. The price of quantum computing is coming down, and a lot of people have access to it over the cloud.

Jackson dispelled the common misconception that quantum computing is still decades away.

By far the biggest misconception that I come across is that people think that quantum computing might be relevant in 20 years, he said. He stressed that significant breakthroughs have occurred in the past decade, rapidly advancing the field. Quantum has increased its performance by about a factor of ten every year, Jackson noted, while predicting that practical applications of quantum computing will emerge within the next two years.

Jackson urges organizations to begin investing in quantum technology now to stay ahead.

The organizations which will take most advantage of this are those who have already begun. It really is essential that if youre not already investing in quantum, you start developing expertise and investing in this now, he advised. The future of quantum computing promises to revolutionize various industries, and early preparation will be key to capitalizing on its transformative potential.

Featured image: Credit: PNNL

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Quantum Computing is Becoming More Accessible as Costs Drop & Cloud Access Expands Dr. Mark Jackson - The Quantum Insider

Scientists from Swinburne University of Technology in Australia and Jagiellonian University in Poland have proposed using time crystals as a core component of a quantum computer. In the preprint paper, the scientists propose using time crystals as a type of circuit to keep the quantum components within the computer from interfering with each other and causing errors. While more research is required in order to check the feasibility of the idea, it could have significant implications for the future of quantum technology.

The concept of a time crystal was first proposed around the mid-2010s. The idea is that, like a crystal has a repeated structure in space (with multiple faces and sides), a time crystal has a repeated structure in time. While difficult to understand, the time crystal can be likened to a perpetual motion machine, where atomic or particle arrangements repeatedly transform over repeated time segments in a never-ending train of particles.

While the time crystal began as a theoretical concept, it has now been constructed using high-powered lasers and ultracold atoms. The laser can produce discrete patterns of light in specific time intervals, causing the particles to be excited or change quantum states repeatedly.

Because of their discrete timing patterns, physicists believe that time crystals may be able to help isolate individual quantum bits or qubits that make up the processing units of a quantum computer.

Quantum computers utilize quantum mechanical phenomena, such as superposition and entanglement, to solve complex problems that a traditional or classical computer is unable to solve. Their power comes from their ability to transform and change the qubits inside them, which can be individual atoms, photon light particles, ions, or other particles. Companies like Google, IBM, and Quantinuum, along with many smaller start-ups, each use different atoms as qubits within their systems, showing the many types of quantum computers.

One of the challenges in creating a working quantum computer is the fragility of the qubits. Qubits can become susceptible to environmental or outside noise, causing them to change quantum states or become unentangled from other qubits in a process known as decoherence. The qubits within a quantum computer can also interfere with each other, which makes scaling up quantum computers from only a few qubits to a few hundred qubits a big challenge. Not only will more qubits interfere with each other, but they can add to the environmental noise that may affect the entire system.

While scientists and engineers are working to overcome these challenges, time crystals could be a potential avenue to explore as a solution to these issues.

In this new preprint paper, the scientists propose integrating time crystals into a quantum computer as a time-tronic circuit board. In this circuit board, the time crystals could regulate the timing of analysis and information moving through the qubits, isolating them from each other and mitigating some of the potential errors that could happen.

The elements of these devices can correspond to structures of dimensions higher than three and can be arbitrarily connected and reconfigured at any moment, the researchers write about the time-tronic circuit in their paper. They add that these circuit boards could be used for other quantum devices, with quantum computing being the most prominent application.

While experiments are needed to validate the researchers theory, the team simulated using a time crystal to control a group of ultracold potassium ions being directed by a laser pulse, showing that the time crystal could create a steady rhythm for the ions to move to.

Combining quantum computing and time crystals is not a new idea. Australian physicists simulated a time crystal using a quantum computer in 2022, creating one with 57 particles, the biggest time crystal thus far. Before this, Googles quantum computing team created a 20-qubit time crystal using Googles Sycamore quantum computer.

While quantum computers have previously been used to create time crystals, the future of quantum computing innovation may depend on time crystals being integrated into bigger quantum computers and other devices.

Kenna Hughes-Castleberry is the Science Communicator at JILA (a world-leading physics research institute) and a science writer at The Debrief. Follow and connect with her on X or contact her via email at kenna@thedebrief.org

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Time Crystals Could be the Circuit Boards of Future Quantum Computers - The Debrief

Key dates for prospective event hosts:

August 7: Deadline to sign up for event host informational sessions and Qiskit Fall Fest mailing list

August 15: Informational session

August 16: Informational session

August 22: Deadline for event host applications

August 27: Application decisions to be announced

September 3: Qiskit Fall Fest 2024 event lineup to be announced to the public

October-November: Qiskit Fall Fest events take place

Since 2021, the Qiskit Fall Fest has brought together quantum enthusiasts of all backgrounds and experience levels for a worldwide celebration of quantum technology, research, and collaboration. Spearheaded primarily by student leaders and taking place on university campuses all around the globe, Qiskit Fall Fest gives participants a unique opportunity to engage with the Qiskit community and even get hands-on experience with real quantum computers. Now, the event series is gearing up to return for its fourth annual installment, which will kick off in October.

Qiskit Fall Fest is a collection of quantum computing events that invites students, researchers and industry professionals around the world to participate in a wide array of quantum-themed activities, ranging from quantum challenges, hackathons, and coding competitions to workshops, social events, and more. With each Qiskit Fall Fest, we partner with a select group of university students and other volunteer hosts to help them plan and run the global roster of Fall Fest events. This year's event theme, World of Quantum, celebrates the international scope of the event series and the rapid growth of the global quantum community.

Last years Qiskit Fall Fest engaged over 4,000 participants with the help of 95 event hosts all working alongside IBM Quantum to grow their local quantum communities. We hope to see even more participants in 2024!

Were looking for volunteers located all around the world to host their very own events as part of the Qiskit Fall Fest lineup. Anyone who has a passion for quantum computing is eligible to host a Fall Fest event. (See the next section of this post for more details on host eligibility.)

Interested in joining the fun? Click this link to register for one of the Qiskit Fall Fest informational sessions well be holding this summer for prospective event hosts.

The informational sessions will take place on Thursday, August 15 and Friday, August 16, and will give prospective event hosts valuable insights into the requirements and time commitment involved with running a Qiskit Fall Fest event.

If youd like to participate in Qiskit Fall Fest but dont plan on hosting an event, you can also use the same registration link to sign up for the Qiskit Fall Fest mailing list, which will keep you up-to-date with all the latest details on this years events.

Please submit all registrations for the Qiskit Fall Fest informational sessions and/or mailing list by Wednesday, August 7.

After the informational sessions, prospective event hosts will submit applications detailing their background and expertise in quantum computing. Applications will be due the week after the information sessions, and decisions will be announced the week after that. Be sure to check the sidebar at the top of this page for all key dates.

The full roster of Qiskit Fall Fest 2024 events will be announced to the public in early September, and the events themselves will take place in October and November.

Most Qiskit Fall Fest events take place on university campuses and are led by university students though there are certainly some exceptions. Weve intentionally put students at the forefront of the Qiskit Fall Fest event series since its initial launch in 2021. Thats because we believe the student leaders of today will be the quantum industry leaders of tomorrow. With the Qiskit Fall Fest, we aim to give students an opportunity to put their leadership skills to the test and help grow the quantum community using resources and guidance from IBM.

At the same time, anyone can participate in and even host a Qiskit Fall Fest event. Dont have access to a university campus? No problem! In the past, weve had high school students, recent graduates, and even industry professionals host events that take place virtually and in other appropriate settings. Just be sure to register for the informational sessions by August 7 and submit your idea for an event by August 22. If its a fit, well work with you to bring it to life. (Please note: Only those who attend one of the informational sessions will receive access to the event host application.)

Click here to register for the mailing list and informational sessions.

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Register to host an event at Qiskit Fall Fest 2024! - IBM

The Novo Nordisk Foundation, under the leadership of Senior Vice President Lene B. Oddershede, is leading efforts to harness quantum computing for groundbreaking advances in life sciences and healthcare. In a recent interview, Oddershede shared her thoughts into the foundations ambitious quantum initiatives and their potential to transform medical research and drug discovery.

Oddershede talked about the foundations long-term commitment to quantum technology.

We understand we are in it for the long haul, she began. It does come tomorrow that we will have a quantum computer that is capable of solving real problems in the Life Sciences. We need to be patient, maybe for another ten years or so and thats actually totally fine. This approach aligns with the foundations experience in pharmaceutical development, where timelines often span decades.

The potential applications of quantum computing in life sciences are vast. Oddershede explained: I strongly believe that quantum computing is going to be such a powerful tool that it will help us get maybe even an AB initial understanding of how biomolecules work, maybe of how a cell works with the lipids with everything and that will give us an understanding of such fundamental and basic processes that will really impact a number of different areas.

Oddershede stressed the foundations long-term commitment to quantum technology.

One specific area where quantum computing could make a significant impact is in understanding complex enzymatic processes.

If you take nitrogenase, for example, its the enzyme that converts nitrogen into ammonia, a process essential for feeding the world. Industrially, this is done through the Haber process, which is extremely energy-consuming, said Oddershede, providing an example, potentially leading to more efficient and environmentally friendly ammonia production.

To advance quantum computing research, the Novo Nordisk Foundation has launched a major initiative. Oddershede revealed: The largest initiative we have supported to date is the NOA NIS Foundation quantum computing program, which we have funded with 200 million euros. The purpose of the program is to develop fault-tolerant quantum computing.

This program aims to achieve a trillion error-free operations, a significant milestone in quantum computing capabilities.

Recognizing the global nature of quantum research, Oddershede underlined the importance of international collaboration.

We need to collaborate with trusted partners, so we need to identify trusted partners and then we need to enter into a really deep collaboration with these partners, she said. The foundation has established partnerships with academic institutions worldwide and industry leaders like NVIDIA to foster innovation in quantum computing.

Looking to the future, Oddershede shared her vision for quantum computings impact.

My highest hope is actually that we will participate in and enable actually to accelerate the development of fault tolerant quantum computing for the benefit of all humankind and of the planet, she said.

She emphasized the importance of ensuring that quantum technology benefits society broadly, rather than being monopolized by a few large tech companies.

The Novo Nordisk Foundations initiatives promise to play a crucial role in unlocking its potential for life sciences and healthcare. With a focus on collaboration, long-term investment and societal benefit, the foundation is helping to pave the way for a future where quantum computing could revolutionize our understanding of biological processes and accelerate medical breakthroughs.

Continued here:
The Novo Nordisk Foundation Believes Quantum Computing Poised to Revolutionize Healthcare & Drug Discovery - The Quantum Insider

International Business Machines Corporation (IBM) is a notable name that has made significant breakthroughs in quantum computing over the years. For example, by using its 127-qubit Eagle quantum computer', IBM has been able to solve complex problems that long stumped the leading classical methods. Despite the challenges of noise and errors in quantum systems, IBM was able to generate accurate results by using an advanced error mitigation' technique that were verified by running the problem on a traditional supercomputer for lower levels of complexity.

In the time since its Eagle quantum computer was released, IBM has already developed a 433 qubit system known as Osprey' and is expected to soon launch a 1,121 qubit system known as Condor. Each of these successive generations greatly improves upon its predecessor while widening the gap between what is possible with a traditional supercomputer. IBM states that,

As quantum processors scale up, each additional qubit doubles the amount of space complexity the amount of memory space required to execute algorithms for a classical computer to reliably simulate quantum circuits.

While the potential abilities of a quantum computer cannot be replicated by more traditional approaches, IBM notes that it does not envision a future where only one exists. Rather, the company anticipates that both quantum and binary variants will continue to thrive in use cases geared specifically toward the strengths of each.

Looking forward, IBM has already announced its next major goal in anticipation of its current quantum chips outgrowing' the currently used infrastructure. This goal is known as IBM Quantum System Two'; a modular system that has the potential to support up to 16,632 qubits.

Market Cap: $116.85B

Price to Earnings Ratio (P/E): 65.7

Earnings Per Share (EPS): $1.97

At the time of writing, IBM boasted the above metrics and is listed as a Buy' among most major investment firms.

Intel is a pioneer in silicon transistors for traditional computing. Whether a desktop or laptop, the chances are good that, regardless of PC form factor, you have utilized a computer powered by an Intel chip.

As we make our way through 2023, Intel has forged a clear, yet divergent, strategy for the future that involves quantum computing. Drawing upon its existing expertise, Intel is leveraging its expertise in high-volume transistor manufacturing to develop silicon spin qubits. For example, Intel has developed what it calls the Horse Ridge II cryogenic quantum control chip' that is said to enhance integration, while its cryoprobers' allow for high-volume testing.

Working alongside other companies determined to develop commercialized quantum computers, Intel is also doing its part to help. Currently, Intel boasts the Tunnel Falls' spin qubit chip as its most advanced offering to date and is, making the chip available to the quantum research community to spur advancements in the field.

Market Cap: $138.89B

Price to Earnings Ratio (P/E): -157.14

Earnings Per Share (EPS): $-0.68

At the time of writing, Intel boasted the above metrics and is listed as a Buy' among most major investment firms.

Operating out of Santa Barbara is Quantum AI' an endeavor by Alphabet, which is the parent company of Google. The goal of Quantum AI is to, build scalable quantum computers that enable humankind to solve problems that would otherwise be impossible.

Beyond developing the hardware, like the Sycamore processor, for its own take on a quantum computer, Google's Quantum AI also makes available a suite of software designed to assist scientists in the development of quantum algorithms.

Market Cap: $1.54T

Price to Earnings Ratio (P/E): 22.74

Earnings Per Share (EPS): $4.49

At the time of writing, Alphabet boasted the above metrics and is listed as a Strong Buy' among most major investment firms.

The quantum computing division at Honeywell is a joint effort known as Quantinuum', which also involves Cambridge Quantum.

It is believed that Quantinuum continues to focus on increasing our understanding of trapped ion quantum computing'. This technology involves utilizing ions trapped in a vacuum, which are then manipulated using lasers, allowing for the ions to behave as qubits.

Like each of the companies listed above, Quantinuum is hoping that its design will allow for high precision, while simultaneously boasting error-correction capabilities each crucial if quantum computers are ever to become commercially viable.

Market Cap: $132.79B

Price to Earnings Ratio (P/E): 21.84

Earnings Per Share (EPS): $7.70

At the time of writing, Honeywell boasted the above metrics and is listed as a Strong Buy' among most major investment firms.

While it may not have the same name recognition as IBM, Intel, and Alphabet, IonQ has still managed to establish itself as a significant player in the field of quantum computing.

IonQ is known specifically for its research on trapped ion quantum computing'. As previously stated, this is a method that leverages qubits comprised of individual ions suspended and manipulated within a vacuum.

As it stands, IonQ has reportedly developed quantum computers on par with the most powerful across the globe. In fact, its most recent offering is set to become the first of its kind to be utilized in a commercial setting. IonQ boasts that,

Once quantum computers are powerful and stable enough, their unique computational power will solve world-changing problems that are beyond the capabilities of even the largest supercomputers.

The company indicates that it hopes to achieve this goal through what it believes is a better approach (trapped ions), than those taken by many of its competitors.

Market Cap: $1.92B

Price to Earnings Ratio (P/E): -27.56

Earnings Per Share (EPS): $-0.36

At the time of writing, IonQ boasted the above metrics and is listed as a Buy' among most major investment firms.

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5 Best Quantum Computing Companies (July 2024) - Securities.io

Source: Boykov / Shutterstock.com

Quantum computing could very well bring about a digital age greater than generative artificial intelligence (AI). For those unaware, quantum computing leverages quantum mechanics, the physics undergirding small particles, to solve problems that classical computers have a hard time getting through. Moreover, in classical computers, bits, which are the fundamental units of information, can only take the form of 0s and 1s, yet qubits can take either of those forms and can assume both states at the same time. Because classical computers are binary-based machines, they can struggle when performing extremely complex problem-solving, such as modeling the behavior of individual atoms or identifying subtleties in fraudulent financial transactions. Quantum computers are ideal for these problems. However, despite this technologys potential, there are quantum computing stocks to sell, as not all companies succeed long-term.

While start-ups firms leveraging innovative techniques to build scalable quantum computers for enterprises was a hot trade in 2023, the macroeconomic environment and a beleaguered economy has soured investor sentiment on start-up businesses in a novel field. Below are three quantum computing stocks to sell in July.

Source: Amin Van / Shutterstock.com

IonQ (NYSE:IONQ) has received a ton of attention from investors in the past twelve months. The firm develops and manufactures various quantum computing systems and has done so since 2015 with a firm commitment to innovation. To develop such advanced systems, IonQ leverages a trapped-ion system. The system traps ions from barium or ytterbium in an electromagnetic field that allows their ability to be harnessed for quantum computations. The Aria quantum system is IonQs latest quantum computer and boasts 25 qubits. While the quantum computing firm does manufacture and sell large quantum systems, the power of its existing computers is available on cloud services, including Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT) Azure and Alphabets (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud.

IonQ had a runup in its share price due to more innovative advances as well investor hype around artificial intelligence and fields loosely related to it, particularly quantum computing. However, investors desiring concrete results and real use-cases for quantum computers have begun to shun the stock. IONQ has plummeted 43.3% since the start of 2024, and investor fatigue around AI could see shares fall even further in the near and medium terms.

Source: Shutterstock

Rigetti Computing (NASDAQ:RGTI) is another pure-play quantum computing startup. In particular, Rigetti specializes in designing and building quantum processors. As a vertically integrated company, Rigetti both owns and operates a wafer fabrication facility called Fab-1 that produces quantum processors. While the company came into inception in 2013, it begun to sell quantum processing power via cloud environments as early as 2017. Moreover, Rigetti had begun selling physical quantum computers towards the end of 2023. The companys most impressive advancement has been the building of the Ankaa-2 system which boasts 84 qubits and has processing power that is available through various cloud services.

However, similar to IonQ, Rigettis stock rallied amidst all the noise about novel technologies like generative AI. In the middle of March, Rigettis share price had risen more than 112% for the year, but shares have fallen precipitously since then. Trading at just above $1/share, Rigetti is increasingly looking like a bad investment, despite all of its innovations. Investors are beginning to focus on earnings quality, and because Rigetti is still a cash-burning startup, it will probably face a tough time getting more love from the market.

Source: Bartlomiej K. Wroblewski / Shutterstock.com

Quantum Computing (QCi) (NASDAQ:QUBT) is, as the name suggests, a quantum computing firm and specializes in creating affordable quantum systems. The startups focus on photonics has allowed it to create the QCi core technology, which leverages light as well as lights quantum mechanical properties as a tool for various quantum applications. Outside of developing hardware, QCi has built a key software platform, Qatalyst, which the company says has focused on agnostic enterprise software for quantum computing systems.

Unfortunately, the quantum computing firms stock has absolutely tanked. Now trading around $0.50/share, QUBT has plummeted 60.7% over the past 12 months and more than 90% if we zoom out over the past 3 years. Again, were dealing with a startup that is barely generating any sales or earnings, which has definitely hurt its long-term prospects in the eyes of investors.

Because quantum computing applications only serve the needs of research institutes and a select few enterprises, its hard to say when Quantum Computings growth will pick up.

On the date of publication, Tyrik Torresdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.

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3 Quantum Computing Stocks to Sell in July Before They Crash & Burn - InvestorPlace

Memorandum of Understanding to drive local innovation and talent development Fujitsu Limited

Kawasaki and Sydney, July 4, 2024

Fujitsu today announced that Fujitsu Australia Limited and The Australian National University (ANU) in Canberra concluded a memorandum of understanding (MoU) to ensure that industry and government professionals, researchers, academics, and students in Australia will soon have access to a world-class quantum research facility. The agreement will see the two organizations partner to establish a center for quantum research, with ambitions to build an onsite quantum computer.

Aligning with Australias National Quantum Strategy to invest in, connect and grow Australias quantum research and industry to compete with the worlds best, the MoU sets out a long-term vision for how Fujitsu will partner with one of Australias leading tertiary educators to capitalize on the future opportunities and applications of quantum technologies for the benefit of local organizations and the global community.

Graeme Beardsell, EVP, Chief Executive Officer Oceania, at Fujitsu said: "At Fujitsu, we're innovating for the future of computing. Our investment in quantum research, coupled with strategic collaborations including with ANU, puts us at the forefront of the global race to develop the world's first fault-tolerant quantum computer. This is about more than just technology; it's about unlocking the next wave of innovation.

"Australia's commitment to quantum leadership is clear, and Fujitsu is playing our part. We're not just developing these technologies; we're sharing them, fostering collaboration, and believing that the next quantum breakthrough will come from a global, connected network of brilliant minds who are focused on developing technology for good."

As part of the collaboration, Fujitsu will provide ANU researchers and academics with access to Fujitsus quantum systems and simulators in Japan. To drive further innovation, Fujitsu, through collaboration with RIKEN, plans to release a 256-qubit quantum computer in March 2025 and a quantum computer with as many as 1000 qubits in fiscal year 2026 (1), cementing ANUs ongoing access to the latest in cutting-edge quantum technology.

Under the new collaboration, ANU will develop teaching and training modules based around access to Fujitsus quantum technologies to further inform the overall approach to research into quantum computing.

In addition to the exchange of knowledge, the endeavor will also aim to set up an on-site quantum computer at ANU to help local researchers, and government and industry professionals to develop expertise in quantum computers.

The on-site quantum computer will provide Australian professionals with access to local emerging technologies that will enable them to conduct advanced research in fields including cryptography, material science, and quantum simulations.

Professor Lachlan Blackhall, Deputy Vice-Chancellor (Research and Innovation) at The Australian National University said: This collaboration with Fujitsu complements and builds on the ANU mission to further higher education on emerging technologies including quantum computing and will help to foster the growth of a talented pool of quantum computing professionals in Australia.

ANU is excited to see this collaboration with Fujitsu, which promises to build on the Universitys strengths in quantum optical physics and quantum algorithms. More broadly, this dynamic collaboration and the work taking place as part of it will help grow the nations commitment to fundamental quantum physics, which is absolutely vital if we are to harness the incredible potential of research and apply it to real-world opportunities for the quantum world.

In addition to Fujitsus plans over the next two years to develop a 256-qubit and 1,000-qubit superconducting quantum computer with RIKEN, Fujitsu has developed quantum technologies and expertise including:

The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsus purpose to make the world more sustainable by building trust in society through innovation is a promise to contribute to the vision of a better future empowered by the SDGs.

Fujitsus purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: http://www.fujitsu.com.

The Australian National University (ANU) is unlike any other university in Australia. Founded in 1946, in a spirit of post-war optimism, our role was to help realise Australia's potential as the world recovered from a global crisis. That vision, to support the development of national unity and identity, improve our understanding of ourselves and our neighbours, and provide our nation with research capacity amongst the best in the world, and education in areas vital for our future, has been our mission ever since.

Fujitsu Limited Public and Investor Relations Division Inquiries

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

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Fujitsu and ANU to bring world-class quantum computing to Australia - Fujitsu

Why did Wasiq Bokhari, Chairperson at Pasqal, join the pioneering neutral atom quantum computing company?

In his own words in a recent interview: Three principal reasons: first, I am just very interested in the whole quantum computing space. It is an amazing threshold of capability that we are about to cross, and I just want to be part of this.

Bokharis enthusiasm for quantum computings transformative potential is palpable, but he also cites the caliber of Pasqals team as a driving factor.

Second, its the team, its the peoplebrilliant, motivated, really good people, he said. One of the things Ive learned is always work with exceptional people, so I want to be part of the team.

However, it is Pasqals unique approach that sets it apart in Bokharis eyes.

The third is the approach, and on the approach, there are two things I would like to point out, Bokhari went on. First is the neutral atom approach itself; it is very scalable and has a lot of built-in advantages that other approaches do not have. But the second is the overall engineering approach that the team has taken from the very beginning.

This engineering mindset is a cornerstone of Pasqals ethos, as Bokhari elaborated: It has never been about only demonstrating something in a lab but how can we build systems that can be deployed in the real world and can solve real-world problems today versus waiting for a long period of time? How can we engage with customers?

Bokhari sees quantum computing as a transformative force.

The advent of scalable quantum computing is a fundamentally disruptive and redefining moment for us, he said, before adding that Quantum computing, enabled by us, will become a pillar of all computation along with traditional high-performance computing and all sorts of generative or non-generative AI methods. It becomes a third pillar.

At the heart of Pasqals approach is a relentless pursuit of solving complex problems.

We are super mindful about solving the hard fundamental problems that give an edge to quantum computing; we dont shy away from the hard problems, we run towards them because thats the fundamental edge that you get through the use of quantum computing, said Bokhari.

Pasqals commitment to real-world impact is unwavering, as Bokhari affirmed: The second thing thats important to us is to build systems that are not one-offs but are scalable. This requires very good, in fact, excellent engineering discipline and thinking about scalability, thinking about repeatability, thinking about yields from the very upfront in terms of the design, from every component all the way up to the systems.

Engaging with customers and solving their critical challenges is paramount to Pasqals mission.

We should not shy away from engaging with customers and engaging with their real business-critical problems because only by getting in direct contact with what matters and what delivers value can we focus our energies on delivering something that is valuable, said Bokhari.

Under Bokharis leadership, Pasqal is forging a collaborative path with its customers: Today, we view this journey as a journey together with our customers. Its a collaborative journey. We would like our customers to challenge us with hard problems, with problems that matter to them.

With its groundbreaking neutral atom technology, exceptional team, and unwavering customer-centric approach, Pasqal is poised to shape the future of quantum computing under Bokharis visionary guidance.

Excerpt from:
Wasiq Bokhari Joins Pasqal to Revolutionize Quantum Computing with Neutral Atom Technology & Unmatched Team ... - The Quantum Insider

At the recent MCQST Colloquium held at the Max Planck Institute for Quantum Optics, Johannes Zeiher provided a compelling overview of the advances in quantum simulation and quantum computing with neutral-atom arrays. His presentation offered valuable insights into how these systems are poised to transform quantum technology.

Zeiher started by explaining the core motivation behind their work.

Our goal is to understand, control and create many-body systems using individually controllable neutral atoms, he stated. These neutral atoms, arranged using optical tweezers, serve as a powerful platform for studying quantum phenomena due to their high level of controllability and scalability.

One of the key advantages of neutral-atom arrays is their ability to simulate complex quantum systems.

We can use these systems to study strongly correlated systems, transport out of equilibrium dynamics, and phase transitions, Zeiher elaborted. This capability is vital for exploring fundamental aspects of quantum mechanics and for developing new technological applications.

Zeiher also stressed the importance of long-range interactions in these systems.

Long-range interactions introduce competing length scales, which can lead to rich and complex physical phenomena, he noted. By manipulating these interactions, researchers can simulate various phases of matter, such as the superfluid and Mott insulator phases, and even more exotic states like the Haldane insulator and density wave phases.

In terms of practical applications, Zeiher discussed the potential of neutral-atom arrays in quantum computing.

Neutral atoms offer a promising platform for quantum computing due to their scalability and the high fidelity of quantum gates, he said. Recent advancements have pushed the fidelity of two-qubit gates to over 99.5%, putting them on par with other leading quantum computing platforms.

One of the groundbreaking techniques Zeiher discussed is the use of Rydberg dressing. By coupling atoms off-resonantly to Rydberg states, researchers can induce long-range interactions while maintaining a high level of stability. He explained that Rydberg dressing allows them to significantly enhance the lifetime of these states, enabling complex quantum simulations and computations over extended periods.

Zeiher concluded his talk by drawing attention to the broader implications of their research.

The ability to control and manipulate neutral atoms with such precision opens up new frontiers in both quantum simulation and quantum computing, he remarked.

The insights from these systems do not just allow one to push understanding in the realm of quantum mechanics further. Still, they will also serve as a frontier toward innovative technologies that have the potential to be revolutionary in most fields, from materials science to cryptography.

Zeiher uncovered the revolutionizing potential that neutral-atom arrays bear in quantum technology in his talk at the MCQST Colloquium. Given developments in controlling long-range interactions and fidelity of quantum gates, these systems will be of great importance for the future of quantum computing and simulation.

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The Future of Quantum Computing with Neutral-Atom Arrays - The Quantum Insider

Just made public by his company, Sebastian Weidt, CEO of Universal Quantum, provided valuable insights into the future of quantum computing at the Web Summit in Lisbon in November 2023. While acknowledging the current hype surrounding the technology, Weidt underlined the long-term potential and challenges facing the industry.

Weidt explained quantum computing as a new form of doing computations that utilizes strange quantum effects to solve problems exponentially faster than traditional supercomputers. However, he cautioned that significant scaling is required before quantum computers can deliver on their promise.

We really need to scale these machines from where we are at the moment tens of qubits hundreds of qubits to millions of qubits, said Weidt. Thats a scary target that were aiming for here, but this is what ultimately must happen to unlock these applications.

Quantum error correction is, indeed, one of the fundamental problems with quantum computing. Weidt added that inherently, quantum systems were fragile and prone to errors. This is countered by developing error correction algorithms, which also need many physical qubits to create logical qubits of stability.

Regarding potential applications, Weidt expressed excitement about drug discovery: I think theres a lot of excitement for me personally as well around drug discovery. I think using these quantum computers to understand chemical reactions better, molecular structures better, which is at the heart of developing new drugs and currently is really hard using our currently available computing technology.

When asked about the timeline for practical quantum computers, Weidt was cautiously optimistic.

It would be nice to get some utility to something where you really feel a change because of quantum computing maybe a new drug was developed because of that, maybe we understand climate change better, maybe a new material, he answered. Theres a huge push to do that this decade, but I think this can definitely leak into the next decade as well.

Weidt also addressed concerns about quantum computers breaking current encryption systems. He urged businesses to prepare now: Please, please, please look at your encryption algorithms and check if they are quantum secure. Please make those changes now.

Looking to the future, Weidt sees a hybrid computing architecture where quantum and classical computers work together seamlessly. He punctuated that quantum computers wont replace classical systems but will complement them for specific problem-solving tasks.

As the quantum computing field continues to evolve, Weidts insights provide a balanced perspective on both the challenges and immense potential of this groundbreaking technology.

Featured image: Credit: Web Summit

Link:
Universal Quantum CEO Sebastian Weidt Discusses the Future & Challenges of Quantum Computing - The Quantum Insider

Kvantify, a leading quantum software start-up, has announced the successful closure of a 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

The seed round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapitals first investment outside the therapeutics space.

Hans Henrik Knudsen, CEO of Kvantify, commented: On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.

The investment will accelerate the development of Kvantifys innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.

With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients, said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

Were thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve todays seemingly impossible problems and serve as a crucial tool in designing the solutions of the future, added Carsten Salling, General Partner at Dreamcraft.

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

Kvantifys focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational eiciency, Kvantify is perfectly placed to bring tremendous value to commercial markets, said Marco Stutz, Partner at Redstone.

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Copenhagen-based Kvantify secures 10 million to unlock quantum computing for the life science sector - EU-Startups

End of drawer navigation content Skip to main content But significant barriers remain preventing the technologies from unlocking their full potential

Ravi Menon

Asset tokenisation, artificial intelligence (AI) and quantum computing are the three breakthrough technologies that have the best prospects for transforming finance, according to Ravi Menon, former managing director of the Monetary Authority of Singapore (MAS).

Menon told an audience at the Point Zero conference in Switzerland on July 3 that he believed harnessing fintech would have deeply impactful benefits, so long as substantial risks associated with new technology are mitigated. He also

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AI, quantum computing and tokenisation set to transform finance Menon - Central Banking

The round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees.

COPENHAGEN, Denmark, July 3, 2024 /PRNewswire/ --Kvantify, a leading quantum software start-up, has announced the successful closure of a EUR 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

The investment will accelerate the development of Kvantify's innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.

The seed round is notable not only for its substantial size but also for the strategic match of the new investors to Kvantify's mission. It is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapital's first investment outside the therapeutics space.

"With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients," said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

"We're thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve today's seemingly impossible problems and serve as a crucial tool in designing the solutions of the future." - Carsten Salling, General Partner at Dreamcraft

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

"Kvantify's focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational efficiency, Kvantify is perfectly placed to bring tremendous value to commercial markets." Marco Stutz, Partner at Redstone.

In light of their successful product launch for a groundbreaking drug discovery tool, Hans Henrik Knudsen, CEO of Kvantify, comments:

"On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market."

About Kvantify Kvantify is a pioneering quantum software company based in Denmark. The company leverages quantum and high-performance computing to create revolutionizing solutions for complex scientific and industrial challenges. Kvantify's mission is to make quantum computing technology widely accessible, and a valuable tool for businesses worldwide. For more information, please visit (www.kvantify.com).

Additional questions Klaus Eriksen, Communications Officer, Kvantify. Phone: (+45) 61 699 700. Email: [emailprotected]

Photo -https://mma.prnewswire.com/media/2452960/Kvantify_founders.jpg Logo -https://mma.prnewswire.com/media/2452959/Kvantify_Logo.jpg

SOURCE Kvantify ApS

Originally posted here:
Danish start-up Kvantify secures EUR 10 million seed round to unlock quantum computing potential, starting with life ... - PR Newswire

The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen tech hubs in Ohio, Montana, Nevada and Florida, among other locations.

The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.

The administration is trying to encourage moretechnological innovationacross the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.

The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country, Commerce SecretaryGina Raimondosaid in a call previewing the announcement. Were leaving so much potential on the table if we dont give them the resources to compete and win in the tech sectors that will define the 21st century global economy.

The money comes from the Commerce Departments Economic Development Administration. In October 2023, PresidentJoe Bidendesignated 31 tech hubs. Raimondo said the administration was pushing for more funding for the program so that all the designated tech hubs can get additional resources to compete.

The tech hubs receiving funding include:

$41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico

$41 million for the Headwaters Hub in Montana

$51 million for Heartland BioWorks in Indiana

$51 million for the iFAB Tech Hub in Illinois

$21 million for the Nevada Tech Hub

$40 million for the NY SMART I-Corridor Tech Hub in New York

$44 million for ReGen Valley Tech Hub in New Hampshire

$45 million for the SC Nexus for Advanced Resilient Energy in South Carolina and Georgia

$19 million for the South Florida ClimateReady Tech Hub

$51 million for the Sustainable Polymers Tech Hub in Ohio

$51 million for the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma

$51 million for the Wisconsin Biohealth Teach Hub.

See original here:
Biden administration is providing $504 million to 12 'tech hubs' - Fortune

At the Tech.eu Summit in London, Dr. Ken Urquhart, Global Vice-President of 5G/Edge/Satellite at Zscaler, and Steve Brierley, Founder and CEO of Riverlane, discussed the critical intersection of artificial intelligence (AI), cybersecurity and quantum computing. Moderated by Duygu Oktem Clark, Managing Partner at DO Venture Partners, the talk underlined both the challenges and opportunities these technologies present.

Urquhart opened the discussion by addressing the limitations of AI in cybersecurity.

AI, as we apply it today, involves algorithms that are interpretable and useful for cyber defense, he said. However, he pointed out that current AI technologies, such as neural networks and large language models, come with issues like statistical variability and hallucinations, where the AI makes things up that may not be true.

Urquhart explained that these statistical models could become less accurate over time, adding: You need to be thoughtful about how you apply AI because it can give less accurate answers if asked the same question twice in a row over a span of hours or days.

Brierley shared his thoughts into the advancements in quantum computing and its implications for cybersecurity. He noted that while todays quantum computers are extremely error-prone and capable of only about 100 to 1,000 operations before failure, significant progress is being made with quantum error correction.

Quantum error correction is a layer that sits on top of the physical qubits and corrects errors in real-time, Brierley explained.

This development is crucial for achieving cryptographically relevant quantum computing capabilities.

2023 and 2024 have been pivotal years as we crossed the threshold in various qubit modalities, making error correction viable, he said. Brierley projected that within the next two to three years, we could see quantum computers performing up to a million operations, surpassing what classical computers can simulate.

As AI and quantum computing advance, ethical and security challenges emerge. Urquhart stressed the importance of understanding AIs current limitations.

We are on a journey with artificial intelligence. It does not think; it is a collection of statistical outcomes, he stated. Urquhart warned against over-reliance on AI for critical decisions, as its current form can lead to significant errors.

Brierley added that quantum computing has the potential to revolutionize industries, particularly in simulating molecular dynamics and chemical interactions.

Quantum computers can replace time-consuming lab experiments with simulations, transforming industries like drug discovery and material science, he said.

Both experts agreed on the necessity of collaboration among academia, industry and government to harness these technologies responsibly. Brierley called attention to the importance of a coordinated effort, likening it to a Manhattan-scale project to build the worlds most powerful quantum computers. We need effective collaboration across sectors to ensure the technology benefits society, he said.

Urquhart echoed this sentiment, giving emphasis to the role of commercial entities in driving innovation and the governments role in providing a regulatory and funding environment.

The machinery is there; we just need the will to engage and make it run, he remarked.

Looking ahead, both Urquhart and Brierley stressed the urgency of preparing for the impact of quantum computing on cybersecurity.

Quantum computing will break most encryption at some point, Urquhart warned, urging businesses to act now to mitigate future risks.

Brierley concluded: Quantum computers are not just faster computers; they represent a massive step forward for specific problems, and their potential for both good and bad is immense.

The discussion underscored the transformative potential of AI and quantum computing while cautioning against complacency. As these technologies evolve, proactive collaboration and ethical considerations will be paramount in shaping a secure digital future.

Featured image: Credit: Tech.eu

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The Interplay of AI, Cybersecurity & Quantum Computing - The Quantum Insider

Insider Brief

In the latest episode of the Tech Podcast, Shai Phillips, president of a company that provides quantum technology executive search firm, shares his insights on the evolving landscape of the quantum computing industry. His firm, PSIRCH (pronounced search), is pioneering in its focus on senior management roles within the quantum sector.

PSIRCH stands out as the only dedicated division of an established executive search firm specializing exclusively in quantum technology. Founded in 2019 under the umbrella of Berkhemer Clayton Executive Search, a 30-year-old firm, PSIRCH leverages decades of experience serving Fortune 500 companies, private multinationals, universities, and nonprofits. We are the only operation of our kind anywhere in the world, Phillips explains.

Phillips grew up in London and studied at Cambridge University; his fascination with quantum mechanics was ignited by lectures from Stephen Hawking. Despite his non-technical academic background, his passion for quantum led him to spearhead PSIRCHs quantum division following significant advancements in commercialization, such as Googles Quantum Supremacy announcement.

I was extremely interested in quantum technology coming up, Phillips says. In 2019, when commercialization began to take off, I realized we needed to carve out a niche in executive search for this burgeoning field.

Phillips highlights a critical challenge in the quantum computing market: the pervasive skepticism and cynicism, even among industry insiders.

The biggest hurdle we face is skepticism. Theres a pervasive cynicism even among industry insiders, he notes. To combat this, Phillips writes a monthly column titled The Unexaggerated Magic of Quantum in The Quantum Insider. I aim to debunk the myth that quantum technologys promises are overhyped. There is a lot of promise to quantum computing, and we need to shift the narrative from skepticism to optimism.

The global quantum landscape is vibrant, with significant activity in the US, Germany, France, the UK, the Netherlands, and Scandinavia. Companies like Pasqal in France and PsiQuantum, with its multinational roots, illustrate the industrys global integration.

Quantum is inherently global. You cant do quantum on a domestic basis, Phillips said.

The Quantum Insiders intelligence platform tracks the number of quantum computing companies, providing valuable insights into the market. The platform tracks over 1,300 vendors across the supply chain and the number continues to grow.

Government funding, particularly from the US Department of Energy and Department of Defense, underscores the strategic importance of quantum technology. This funding is crucial to maintaining a competitive edge, especially against countries like China. The strategic importance of quantum technology cannot be overstated. Its about staying ahead, particularly in the face of competition from China.

Yet, the market is still maturing. We are early to the game, Phillips acknowledges. Most companies are building their quantum teams from the ground up, starting with junior engineers. Its a grassroots approach.

For technical positions, a PhD is typically required, along with considerations around security clearances due to national security implications.

For technical roles, a PhD is almost always necessary. There are also significant national security concerns, so many positions require top secret security clearances, Phillips said.

For executive roles, theres more flexibility, according to Phillips, who added: You can bring in talent from adjacent industries. For example, a CEO might come from a tech background rather than quantum specifically.

PSIRCH employs a comprehensive approach to recruitment.

We use everything from social media to direct outreach and networking. We leverage our extensive network within the quantum industry and go the extra mile to ensure a thorough and creative assessment process, Phillips said

A key focus for PSIRCH is promoting women in leadership. Our CEO, Betsy Berkhemer-Credaire, has been a prolific advocate for women on corporate boards, Phillips said. Theres a strong movement within the quantum industry called Women in Quantum, which we actively support. Were seeing positive trends, though theres always room for improvement.

Phillips offers a glimpse into the future of the quantum technology sector: The quantum technology sector is poised for incredible growth. The need for specialized talent at the senior management level will become increasingly critical. With firms like PSIRCH leading the charge, the future looks promising.

Excerpt from:
Bridging the Gap: Shai Phillips on the Quantum Technology Executive Search Landscape - The Quantum Insider