MIT researchers use quantum computing to observe entanglement – MIT News

  1. MIT researchers use quantum computing to observe entanglement  MIT News
  2. A 'Wormhole' Built on a Quantum Computer Teleported Information as Predicted  ScienceAlert
  3. Google's quantum computer suggests that wormholes are real  Big Think
  4. Physicists observe wormhole dynamics using a quantum computer  Caltech
  5. Physicists Create the Smallest, Crummiest Wormhole You Can Imagine  The New York Times
  6. View Full Coverage on Google News

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MIT researchers use quantum computing to observe entanglement - MIT News

US mulling bans to stunt Chinas quantum computing

Last November, IBM launched its 127-qubit Eagle, surpassing Chinas 113-qubit Jiuzhang to become the worlds fastest quantum computer. Now, China risks falling further behind in the quantum computing race as the United States reportedly weighs new export controls on the game-changing technology.

The new ban, if implemented, would target quantum computing, artificial intelligence software and other emerging technologies that could have security implications vis-a-vis China. The ban would mark a next salvo on the Biden administrations October 7 move to block high-end chips and advanced chip-making equipment exports to China.

Bloomberg reported that US industry experts are now weighing in on the potential parameters of the restrictions, which are still preliminary, and that US allies are being consulted. Analysts say any such ban would further antagonize China, which strongly protested the October 7 bans, and could put the two rivals on a dangerous collision course.

Chinese media commentators say the US aims to strengthen efforts to slow Chinas development in emerging technologies, where the two strategic rivals are racing to lead the way. The commentators suspect the US will not only aim to block China from obtaining key quantum computing parts and software but also force other countries to uphold the bans.

The US is making no secret of how it views the emerging and sensitive technology.

US National Security Advisor Jake Sullivan said ina speech last monthon technology, competitiveness and national security that computing-related technologies, including microelectronics, quantum information systems and artificial intelligence as among developments set to play an outsized importance over the coming decade. He also noted the importance of export controls to maintain as large of a lead as possible over rivals.

Currently, Alphabets Google, Intel, Microsoft and IBM are all investing heavily in quantum computing projects. Other major players in the sector include US-based IonQ and Japans Fujitsu Ltd.

Quantum computers mark, well, a quantum leap over the speed and power of current supercomputers.

That means they will likely be able to crack and bypass the encryption technologies used to secure current computer communications. More broadly, the technology is expected to unleash waves of new innovation that will revolutionize industry, communications and, crucially, defense.

On September 15, US President Joe Biden signed an executive order urging the US Treasury DepartmentsCommittee on Foreign Investment into the US (CFIUS) to ensure more robust consideration of evolving national security risks.

What may otherwise appear to be an economic transaction undertaken for commercial purposes may actually present an unacceptable risk to US national security when conducted with foreign adversaries or countries of special concern, according to the Executive Order.

It said the committee should consider the transactions effect on US supply chain resilience and national security across the microelectronics, AI, biotechnology and quantum computing sectors.

The Biden administration is now working on an outbound investment review mechanism that would scrutinize money heading to certain Chinese technologies, and new quantum computing and artificial intelligence controls could be included, according to an anonymous source quoted by Bloomberg.

Biden has said the new curbs unveiled by the US Commerce Departments Bureau of Industry and Security (BIS) on October 7 have already successfully blocked Chinas access to key US chip technologies. Thecurbshave also limited how US citizens and residents are allowed to work and collaborate with Chinese tech firms.

Secrss.com, a Shanghai-based research institute, noted in several articles this year that quantum computing can be applied in computing, communication, navigation, power and military defense industries. It said quantum computing had the potential to change the results of future wars.

One article said quantum computers can be used to initiate cyber warfare by decoding passwords and bypassing encryption used on current digital computers. It said quantum computing technologies can also be used to navigate drones and submarines.

Another article, citing a report in the European Physical Journal, said a quantum radar would be launched one day and used in space war.

China is making strong progress in the field in the current open trading environment. The 66-qubit Zuchongzhi 2, for instance, is reportedly 10 million times faster than Googles 55-qubit Sycamore.

In December 2020, a University of Science and Technology of China research team led by scientist Pan Jianwei launched Jiuzhang, a light-based or photonics quantum computer that can work at room temperature. It is said to be 10 billion times faster than Googles Sycamore.

In May 2021, Pan and his team launched Zuchongzhi 2, a superconducting quantum computer that needs to work at a temperature close to absolute zero. Jiuzhang and Zuchongzhi 2s details were published last November by the Physical Review Letters, a scientific journal of the American Physical Society.

Soon thereafter, IBMs Eagle surpassed Zuchongzhi 2 to become the worlds fastest superconducting quantum machine, underscoring the two sides budding rivalry in the filed.

Read: New US chip ban takes tech war to dire next level

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US mulling bans to stunt Chinas quantum computing

Quantum computing use cases–what you need to know | McKinsey

Accelerating advances in quantum computingare serving as powerful reminders that the technology is rapidly advancing toward commercial viability. In just the past few months, for example, a research center in Japan announced a breakthrough in entangling qubits (the basic unit of information in quantum, akin to bits in conventional computers) that could improve error correction in quantum systems and potentially make large-scale quantum computers possible. And one company in Australia has developed software that has shown in experiments to improve the performance of any quantum-computing hardware.

As breakthroughs accelerate, investment dollars are pouring in, and quantum-computing start-ups are proliferating. Major technology companies continue to develop their quantum capabilities as well: companies such as Alibaba, Amazon, IBM, Google, and Microsoft have already launched commercial quantum-computing cloud services.

Of course, all this activity does not necessarily translate into commercial results. While quantum computing promises to help businesses solve problems that are beyond the reach and speed of conventional high-performance computers, use cases are largely experimental and hypothetical at this early stage. Indeed, experts are still debating the most foundational topics for the field (for more on these open questions, see sidebar, Debates in quantum computing).

Still, the activity suggests that chief information officers and other leaders who have been keeping an eye out for quantum-computing news can no longer be mere bystanders. Leaders should start to formulate their quantum-computing strategies, especially in industries, such as pharmaceuticals, that may reap the early benefits of commercial quantum computing. Change may come as early as 2030, as several companies predict they will launch usable quantum systems by that time.

To help leaders start planning, we conducted extensive research and interviewed 47 experts around the globe about quantum hardware, software, and applications; the emerging quantum-computing ecosystem; possible business use cases; and the most important drivers of the quantum-computing market. In the report Quantum computing: An emerging ecosystem and industry use cases, we discuss the evolution of the quantum-computing industry and dive into the technologys possible commercial uses in pharmaceuticals, chemicals, automotive, and financefields that may derive significant value from quantum computing in the near term. We then outline a path forward and how industry decision makers can start their efforts in quantum computing.

An ecosystem that can sustain a quantum-computing industry has begun to unfold. Our research indicates that the value at stake for quantum-computing players is nearly $80 billion (not to be confused with the value that quantum-computing use cases could generate).

Because quantum computing is still a young field, the majority of funding for basic research in the area still comes from public sources (Exhibit 1).

Exhibit 1

However, private funding is increasing rapidly. In 2021 alone, announced investments in quantum-computing start-ups have surpassed $1.7 billion, more than double the amount raised in 2020 (Exhibit 2). We expect private funding to continue increasing significantly as quantum-computing commercialization gains traction.

Exhibit 2

Hardware is a significant bottleneck in the ecosystem. The challenge is both technical and structural. First, there is the matter of scaling the number of qubits in a quantum computer while achieving a sufficient level of qubit quality. Hardware also has a high barrier to entry because it requires a rare combination of capital, experience in experimental and theoretical quantum physics, and deep knowledgeespecially domain knowledge of the relevant options for implementation.

Multiple quantum-computing hardware platforms are under development. The most important milestone will be the achievement of fully error-corrected, fault-tolerant quantum computing, without which a quantum computer cannot provide exact, mathematically accurate results (Exhibit 3).

Exhibit 3

Experts disagree on whether quantum computers can create significant business value before they are fully fault tolerant. However, many say that imperfect fault tolerance does not necessarily make quantum-computing systems unusable.

When might we reach fault tolerance? Most hardware players are hesitant to reveal their development road maps, but a few have publicly shared their plans. Five manufacturers have announced plans to have fault-tolerant quantum-computing hardware by 2030. If this timeline holds, the industry will likely establish a clear quantum advantage for many use cases by then.

The number of software-focused start-ups is increasing faster than any other segment of the quantum-computing value chain. In software, industry participants currently offer customized services and aim to develop turnkey services when the industry is more mature. As quantum-computing software continues to develop, organizations will be able to upgrade their software tools and eventually use fully quantum tools. In the meantime, quantum computing requires a new programming paradigmand software stack. To build communities of developers around their offerings, the larger industry participants often provide their software-development kits free of charge.

In the end, cloud-based quantum-computing services may become the most valuable part of the ecosystem and can create outsize rewards to those who control them. Most providers of cloud-computing services now offer access to quantum computers on their platforms, which allows potential users to experiment with the technology. Since personal or mobile quantum computing is unlikely this decade, the cloud may be the main way for early users to experience the technology until the larger ecosystem matures.

Most known use cases fit into four archetypes: quantum simulation, quantum linear algebra for AI and machine learning, quantum optimization and search, and quantum factorization. We describe these fully in the report, as well as outline questions leaders should consider as they evaluate potential use cases.

We focus on potential use cases in a few industries that research suggests could reap the greatest short-term benefits from the technology: pharmaceuticals, chemicals, automotive, and finance. Collectively (and conservatively), the value at stake for these industries could be between roughly $300 billion and $700 billion (Exhibit 4).

Exhibit 4

Quantum computing has the potential to revolutionize the research and development of molecular structures in the biopharmaceuticals industry as well as provide value in production and further down the value chain. In R&D, for example, new drugs take an average of $2 billion and more than ten years to reach the market after discovery. Quantum computing could make R&D dramatically faster and more targeted and precise by making target identification, drug design, and toxicity testing less dependent on trial and error and therefore more efficient. A faster R&D timeline could get products to the right patients more quickly and more efficientlyin short, it would improve more patients quality of life. Production, logistics, and supply chain could also benefit from quantum computing. While it is difficult to estimate how much revenue or patient impact such advances could create, in a $1.5 trillion industry with average margins in earnings before interest and taxes (EBIT) of 16 percent (by our calculations), even a 1 to 5 percent revenue increase would result in $15 billion to $75 billion of additional revenues and $2 billion to $12 billion in EBIT.

Quantum computing can improve R&D, production, and supply-chain optimization in chemicals. Consider that quantum computing can be used in production to improve catalyst designs. New and improved catalysts, for example, could enable energy savings on existing production processesa single catalyst can produce up to 15 percent in efficiency gainsand innovative catalysts may enable the replacement of petrochemicals by more sustainable feedstock or the breakdown of carbon for CO2 usage. In the context of the chemicals industry, which spends $800 billion on production every year (half of which relies on catalysis), a realistic 5 to 10 percent efficiency gain would mean a gain of $20 billion to $40 billion in value.

The automotive industry can benefit from quantum computing in its R&D, product design, supply-chain management, production, and mobility and traffic management. The technology could, for example, be applied to decrease manufacturing processrelated costs and shorten cycle times by optimizing elements such as path planning in complex multirobot processes (the path a robot follows to complete a task) including welding, gluing, and painting. Even a 2 to 5 percent productivity gainin the context of an industry that spends $500 billion per year on manufacturing costswould create $10 billion to $25 billion of value per year.

Finally, quantum-computing use cases in finance are a bit further in the future, and the advantages of possible short-term uses are speculative. However, we believe that the most promising use cases of quantum computing in finance are in portfolio and risk management. For example, efficiently quantum-optimized loan portfolios that focus on collateral could allow lenders to improve their offerings, possibly lowering interest rates and freeing up capital. It is earlyand complicatedto estimate the value potential of quantum computingenhanced collateral management, but as of 2021, the global lending market stands at $6.9 trillion, which suggests significant potential impact from quantum optimization.

In the meantime, business leaders in every sector should prepare for the maturation of quantum computing.

Until about 2030, we believe that quantum-computing use cases will have a hybrid operating model that is a cross between quantum and conventional high-performance computing. For example, conventional high-performance computers may benefit from quantum-inspired algorithms.

Beyond 2030, intense ongoing research by private companies and public institutions will remain vital to improve quantum hardware and enable moreand more complexuse cases. Six key factorsfunding, accessibility, standardization, industry consortia, talent, and digital infrastructurewill determine the technologys path to commercialization.

Leaders outside the quantum-computing industry can take five concrete steps to prepare for the maturation of quantum computing:

Leaders in every industry have an uncommon opportunity to stay alert to a generation-defining technology. Strategic insights and soaring business value could be the prize.

Excerpt from:
Quantum computing use cases--what you need to know | McKinsey

7 Best Quantum Computing Stocks to Buy in 2022 | InvestorPlace

Quantum computing offers the potential to harness big data, make intricate predictions and use artificial intelligence (AI) to revolutionize business operations. Many industries such as automotive, agriculture, finance, healthcare, energy, logistics and space will be affected from the growth in this technology. As a result, Wall Street has been paying significant attention to quantum computing stocks.

Once considered science fiction, quantum computing has made significant progress in recent years to solve complex problems at lightning speed. This advanced technology uses the power of quantum mechanics to represent complex problems. These computers can take seconds to calculate equations that normally take days for machines that use a binary framework.

International Data Corporation forecasts that the global market for quantum computing should grow from about $412 million in 2020 to more than $8.5 billion in 2027. This increase would mean a compound annual growth rate (CAGR) of an eye-popping 50% between now and 2027. Given such metrics, its understandable why investors are thrilled about the future of quantum computing stocks.

While it is currently in its early days, Wall Street has already warmed up to long-term prospects of this technology. Besides several pure-play quantum computing stocks going public in 2021, well-known tech names are pouring significant research dollars to invest in this advanced segment.

With that information, here are the seven best quantum computing stocks to buy in 2022:

52-week range: $142.25 $191.95

Dividend yield: 1.7%

Semiconductor group Analog Devices manufactures integrated circuits that process analog and digital signals. ADIs chips are used in data converters, high-performance amplifiers and microwave-integrated circuits.

Analog Devices issuedQ4 2021 metricson Nov. 23. Revenue increased 53% year-over-year (YOY) to $2.34 billion. Adjusted earnings soared from $1.44 per share to $1.73 per share. The company generated a free cash flow of $810 million. Cash and equivalents ended the period at $1.98 billion.

Factory automation has fueled demand for sensors and machine connectivity, which increasingly rely on Analogs chips. In addition, the automotive industry has also become a key growth driver due to the rising use of advanced electronics in electric vehicles (EVs).

In late August, the chipmaker completed theacquisition of Maxim Integrated. The billion transaction should increase ADIs market share in automotive and 5G chipmaking.

ADI currently trades just under $160, up 7% over the past 12 months. Shares are trading at 21.5 times forward earnings and 8.9 times trailing sales. The 12-month median price forecast for Analog Devices stock stands at $210.

52-Week Range:$42.96 $57.15

Expense Ratio:0.40% per year

QTUM is an exchange-traded fund (ETF) that focuses on the next generation of computing. It offers exposure to names leading the way in quantum computing, machine learning and cloud computing. The fund tracks the BlueStar Quantum Computing and Machine Learning Index.

QTUM, which started trading in September 2018, has 71 holdings. The top 10 holdings account for less than 20% of net assets of $161.5 million. Put another way, fund managers are not taking major bets on any company.

Among the leading holdings on the roster are the security and aerospace company Lockheed Martin(NYSE:LMT), French telecommunications operator Orange(NYSE:ORAN) and IBM.

For most retail investors, QTUM could potentially be a safe and diversified place to start investing in quantum computing. As portfolio companies come from a wide range of technology segments, wide swings in the price of one stock will not affect the ETF significantly.

The fund has gained 8.7% over the past year and saw an all-time high in November 2021. However, the recent selloff in tech stocks led to a 10.7% decline year-to-date (YTD). Interested readers could regard this decline as a good entry point into QTUM.

52-week range: $113.17 $146.12

Dividend Yield: 4.8%

Technology giant International Business Machines (IBM) needs little introduction. The legacy tech name offers integrated solutions and services, including infrastructure, software, information technology (IT) and hardware.

IBM announcedQ4 2021 financials on Jan. 24. The company generated revenues of $16.7 billion, up 6.5% YOY. Net income stood at $2.33 billion, or $2.57 per diluted share, up from $1.36 billion, or $1.51 per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $6.65 billion.

After the announcement, CEO Arvind Krishna said, We increased revenue in the fourth quarter with hybrid cloud adoption driving growth insoftware and consulting.

The company launched its Quantum System One quantum computer in 2019. Around 150 research groups and partner companies currently use IBMs quantum computing services. These names come from financial services businesses, automakers and energy suppliers.

In June 2021, IBMunveiledEuropes most powerful quantum computer in Germany. Moreover, the tech giant recentlyannounced a deal with Raytheon Technologies(NYSE:RTX) to provide quantum computing and AI services for the aerospace, defense and intelligence industries.

IBM currently changes hands around $137, up 20% over the past 12 months. Shares are trading at 13.5 times forward earnings and 2.2 times trailing sales. The 12-month median price forecast for IBM stock is $144.50. Interested readers could consider buying IBM shares around these levels.

52-week range: $7.07 $35.90

IonQ is one of the first publicly traded pure-play quantum computing stocks. It went public via a merger with the special purpose acquisition company (SPAC) dMY Technology Group III in late 2021.

The quantum name released Q3 2021 results on Nov. 15. Its net loss was $14.8 million, or 12 cents loss per diluted share, compared to a net loss of $3.6 million a year ago. Cash and equivalents ended the quarter at $587 million. Wall Street was pleased that at the time, YTD contract bookings came in at $15.1 million.

IonQ is currently developing a network of quantum computers accessible from various cloud services. The technology uses ionized atoms that allow IonQs machines to perform complex calculations with fewer errors than any other quantum computer available.

The start-up has the financial backing of prominent investors, including Bill Gates and the Japanese telecommunications companySoftbank Group(OTCMKTS:SFTBF). In addition, IonQ has been developing strategic partnerships with Microsoft, Amazons (NASDAQ:AMZN) Amazon Web Services and Alphabets(NASDAQ:GOOG, NASDAQ:GOOGL) GoogleCloud.

While IonQ is taking steps to become a commercialization-stage name, it is still a speculative investment. With its potential for explosive growth, it could be an attractive quantum computing stock for investors looking to take a risk.

IONQ stock hovers around $12. The recent selloff in tech stocks has led to a 26.7% decline YTD. Yet, the 12-month median price forecast for IONQ stock stands at $23.

52-week range: $224.26 $349.67

Dividend Yield: 0.8%

Microsoft is one the largest and most prominent technology firms worldwide. It offers software products and services, including Azure cloud service, the Office 365 productivity suite and the customer relationship management (CRM) platform Dynamics 365.

Meanwhile, the Microsoft Quantum is the worlds first full-stack, open cloud quantum computing ecosystem that allows developers to create quantum applications and run them on multiple platforms. The software giant provides quantum computing services via the cloud on Azure.

Management announced robust Q2 FY22 metricson Jan. 25. Revenue increased 20% YOY to $51.7 billion. Net income surged 21% YOY to $18.8 billion, or $2.48 per diluted share, compared to $15.5 billion, or $2.03 per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $20.6 billion.

On Jan. 18, Microsoft announced plans to acquire Activision Blizzard(NASDAQ:ATVI), a leading player in game and interactive entertainment development. It will be an all-cash transaction valued at $68.7 billion. Wall Street expects this deal to provide tailwinds for Microsofts gaming business and building blocks for the metaverse.

MSFT stock currently trades just under $310, up 27% over the past 12 months. Shares support a valuation of 32.6 times forward earnings and 12.3 times trailing sales. And the 12-month median price forecast for Microsoft stock stands at $370.

52-week range: $115.67 $346.47

Dividend Yield: 0.06%

Santa Clara, California-based Nvidia has become an important name in advanced semiconductor design and software for next-generation computing development. InvestorPlace readers likely know the chipmaker is a market leader in the gaming and data center markets.

Nvidia announced impressive Q3 FY 2022 numbers on Nov. 17. Revenue soared 50% YOY to a record $7.1 billion, fueled by record sales in the gaming and data center businesses. Net income increased 62% YOY to $2.97 billion, or $1.17 per diluted share. Cash and equivalents ended the period at $1.29 billion.

The chipmaker provides the necessary processing power that drives the development of quantum computing. Additionally, Nvidia recently released cuQuantum, a software development kit designed for building quantum computing workflows. It has partnered with Google, IBM and other quantum computing players that rely on cuQuantum to accelerate their quantum computing work.

Given its growing addressable market in cloud computing, gaming, AI, and more recently the metaverse, NVDA stock deserves your attention. Share are changing hands around $245, up nearly 80% over the past year. However, despite an 18% decline YTD, shares are trading at 46.5 times forward earnings and 25 times trailing sales.

Finally, the 12-month median price forecast for Nvidia stock is $350. As the company gets ready to report earnings soon, investors should expect increased choppiness in price.

52-week range: $9.62 $12.75

Our final stock is Supernova Partners Acquisition II, a SPAC. It is merging with Rigetti Computing, a start-up focused on quantum computer development. As a result of the merger, Rigetti Computing was valued at about $1.5 billion and received $458 million in gross cash proceeds.

Rigetti designs quantum chips and then integrates those chips with a controlling architecture. It also develops software used to build algorithms for these chips.

Rigetti recently announced business highlightsfor the nine months ended Oct. 31, 2021. Revenue came in at $6.9 million. Net operating loss declined 3% YOY to $26.2 million.

We believe the time for quantum computing has arrived, said founder and CEO Chad Rigetti. Customer demand is increasing as Rigetti quantum computers begin to address high-impact computational problems.

The start-up launched the worlds first scalable multi-chip quantum processor in June 2021. This processor boasts a proprietary modular architecture. Now Wall Street expects the company to move toward commercialization.

Rigetti collaborates with government entities and technology to advance its quantum processors. For instance, it boasts strategic partnerships with the National Aeronautics and Space Administration (NASA) and the U.S. Department of Energy. It also works with data analytics firm Palantir Technologies (NYSE:PLTR) and electronics manufacturer Keysight Technologies(NYSE:KEYS).

SNII stock is currently shy of $10, down about 4% YTD. As investors interest in quantum computing names grow, shares are likely to become hot.

On the date of publication, Tezcan Gecgil holds both long and short positions in NVDA stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

TezcanGecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation.

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7 Best Quantum Computing Stocks to Buy in 2022 | InvestorPlace

Cancer to Be Treated as Easily as Common Cold When Humans Crack Quantum Computing – Business Wire

DUBAI, United Arab of Emirates--(BUSINESS WIRE)--Breakthroughs in quantum computing will enable humans to cure diseases like cancer, Alzheimers, and Parkinsons as easily as we treat the common cold.

That was one of the major insights to emerge from the Dubai Future Forum, with renowned theoretical physicist Dr. Michio Kaku telling the worlds largest gathering of futurists that humanity should brace itself for major transformations in healthcare.

The forum concluded with a call for governments to institutionalize foresight and engrain it within decision making.

Taking place in Dubai, UAE at the Museum of the Future, Amy Webb, CEO of Future Today Institute, criticized nations for being too pre-occupied with the present and too focused on creating white papers, reports and policy recommendations instead of action.

Nowism is a virus. Corporations and governments are infected, she said.

One panel session heard how humans could be ready to test life on the Moon in just 15 years and be ready for life on Mars in another decade. Sharing his predictions for the future, Dr. Kaku also said there is a very good chance humans will pick up a signal from another intelligent life form this century.

Dr. Jamie Metzl, Founder and Chair, OneShared.World, urged people to eat more lab-grown meat to combat global warming and food insecurity.

If we are treating them like a means to an end of our nutrition, wouldnt it be better instead of growing the animal, to grow the meat? he said.

Among the 70 speakers participating in sessions were several UAE ministers. HE Mohammad Al Gergawi, UAE Minister of Cabinet Affairs, Vice Chairman, Board of Trustees and Managing Director of the Dubai Future Foundation, said ministers around the world should think of themselves as designers of the future. Our stakeholders are 7.98 billion people around the world, he noted.

Dubais approach to foresight was lauded by delegates, including HE Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, who said: What makes our city and nation successful is not natural resources, but a unique ability to embrace all ideas and individuals.

More than 30 sessions covered topics including immortality, AI sentience, climate change, terraforming, genome sequencing, legislation, and the energy transition.

*Source: AETOSWire

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Cancer to Be Treated as Easily as Common Cold When Humans Crack Quantum Computing - Business Wire

The world, and todays employees, need quantum computing more than ever – VentureBeat

Did you miss a session from MetaBeat 2022? Head over to the on-demand library for all of our featured sessions here.

Quantum computing can soon address many of the worlds toughest, most urgent problems.

Thats why the semiconductor legislation Congress just passed is part of a $280 billion package that will, among other things, direct federal research dollars toward quantum computing.

Quantum computing will soon be able to:

The economy and the environment are clearly two top federal government agenda items.Congress in July was poised to pass the most ambitious climate bill in U.S. history. The New York Times said that the bill would pump hundreds of billions of dollars into low-carbon energy technologies like wind turbines, solar panels and electric vehicles and would put the United States on track to slash its greenhouse gas emissions to roughly 40% below 2005 levels by 2030. This could help to further advance and accelerate the adoption of quantum computing.

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Because quantum technology can solve many previously unsolvable problems, a long list of the worlds leading businesses including BMW and Volkswagen, FedEx, Mastercard and Wells Fargo, and Merck and Roche are making significant quantum investments. These businesses understand that transformation via quantum computing, which is quickly advancing with breakthrough technologies, is coming soon. They want to be ready when that happens.

Its wise for businesses to invest in quantum computing because the risk is low and the payoff is going to be huge. As BCG notes: No one can afford to sit on the sidelines as this transformative technology accelerates toward several critical milestones.

The reality is that quantum computing is coming, and its likely not going to be a standalone technology. It will be tied to the rest of the IT infrastructure supercomputers, CPUs and GPUs.

This is why companies like Hewlett Packard Enterprise are thinking about how to integrate quantum computing into the fabric of the IT infrastructure. Its also why Terra Quantum AG is building hybrid data centers that combine the power of quantum and classical computing.

Amid these changes, employees should start now to get prepared. There is going to be a tidal wave of need for both quantum Ph.D.s and for other talent such as skilled quantum software developers to contribute to quantum efforts.

Earning a doctorate in a field relevant to quantum computing requires a multi-year commitment. But obtaining valuable quantum computing skills doesnt require a developer to go back to college, take out a student loan or spend years studying.

With modern tools that abstract the complexity of quantum software and circuit creation, developers no longer require Ph.D.-level knowledge to contribute to the quantum revolution, enabling a more diverse workforce to help businesses achieve quantum advantage. Just look at the winners in the coding competition that my company staged. Some of these winners were recent high school graduates, and they delivered highly innovative solutions.

Leading the software stack, quantum algorithm design platforms allow developers to design sophisticated quantum circuits that could not be created otherwise. Rather than defining tedious low-level gate connections, this approach uses high-level functional models and automatically searches millions of circuit configurations to find an implementation that fits resource considerations, designer-supplied constraints and the target hardware platform. New tools like Nvidias QODA also empower developers by making quantum programming similar to how classical programming is done.

Developers will want to familiarize themselves with quantum computing, whichwill be an integral arrow in their metaphorical quiver of engineering skills. People who add quantum skills to their classical programming and data center skills will position themselves to make more money and be more appealing to employers in the long term.

Many companies and countries are experimenting with and adopting quantum computing. They understand that quantum computing is evolving rapidly and is the way of the future.

Whether you are a business leader or a developer, its important to understand that quantum computing is moving forward. The train is leaving the station will you be on board?

Erik Garcell is technical marketing manager at Classiq.

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The world, and todays employees, need quantum computing more than ever - VentureBeat

Podcast with John Prisco, President and CEO of Safe Quantum – Quantum Computing Report

John Prisco, President and CEO of Safe Quantum, a quantum security consulting firm is interviewed by Yuval Boger. John and Yuval talk about the maturity of PQC, QKD, quantum networks, and their timing overlap, national and international testbeds for quantum security, successful case studies and more.

Yuval Boger: Hello John, and thanks for joining me today.

John Prisco: Hello, how are you?

Yuval: Im doing well. Who are you and what do you do?

John: Well, Im John Prisco, and I am the president of Safe Quantum and I consult in the areas of quantum key distribution and quantum internet.

Yuval: There have been a lot of buzzwords floating around: post-quantum cryptography, quantum key distribution, and the quantum internet. Could you make some sense for me in these?

John: Yes, I think were in a very early stage in a number of areas that would be based on quantum. Obviously, quantum computers are just at the beginning of development, and they dont have very many qubits yet, but eventually, they will. And when they do, then well have something to worry about with having our encryption schemes broken that we depend on today. However, the work thats being done at NIST to develop post-quantum cryptographic algorithms will become quantum resistant. The hope is that these mathematically based algorithms will prevent quantum computers or at least slow them down in terms of being able to decrypt secret information.

On the other side of the equation is quantum key distribution, which doesnt depend on arithmetic or mathematical rigor. It is relying on quantum mechanics and physics principles. Its a very interesting technique, it uses keys that are made of individual photons of light, and because of the various quantum mechanical properties, youre not really able to even observe these keys without changing their state. Once the state has changed, the key no longer works, it no longer unlocks the secret information and therefore provides the protection that one would want when transmitting very secure and sensitive information.

Yuval: If Im an enterprise and I hear about post-quantum cryptography as an interim step, and then quantum key distribution is something that could be a little bit better and maybe about the quantum internet is the best thing, is it feasible for me to jump right to the best thing?

John: Well, unfortunately, its not at the moment, and thats because theres a lot of work to be done, actually, in all three areas. Jumping ahead to the quantum internet is probably a misnomer. We should probably first talk about a quantum network, which is not as far-reaching as the internet. And there are a number of test beds around the world that are today working in this area. And at this point, these systems are relying on creating quantum repeaters and using quantum memory. But at this point of development, the repeaters are repeating one photon of information. So when you consider gigabit per second type transmission rates, theres a long way to go before we could have a complete quantum internet.

But there are many advances going forward throughout the world on quantum networking. And one in particular that I follow closely because its right here in the United States, is a company called Qunnect. And what I find interesting about them is that theyre attempting to build quantum network, the basis for quantum internet, using room temperature apparatus. Which is terrific because when you try to commercialize something, its very difficult to commercialize a product that has a dilution refrigerator, which is a room full of refrigeration equipment to get superconducting properties out of quantum setup in milli-Kelvins of temperatures. When you have high vacuums, and very low temperatures, you have a long way to commercialization, so I like following companies that are trying to do things at room temperature because I think we get there sooner with that kind of approach.

Yuval: If we start from post-quantum cryptography, I understand that NIST has announced for finalists or candidates for standards, but some of them have already been cracked. How is that process going, and what do you anticipate will happen with it?

John: Well, its a long-term process. It started six years ago, and I think it started with something like 88 algorithms that were presented. NIST has been diligently working on looking at the veracity of each one of these algorithms, and theyd come up with four finalists. In addition to the four, there were others in the finalist category, and one of them was hacked a couple of months ago, I think in March. And then, more recently, another had been broken. But thats all part of the process working. It is open to the public so that people will try to, in some way, bypass the protections that the algorithm offers.

And when you look at an arithmetic approach, which is all of post-quantum cryptography, you have to understand that these algorithms will have a shelf life, just like the RSA algorithms are coming to the end of their useful shelf life. Well, post quantum cryptography may have a 30-plus year shelf life, but eventually, it will be cracked by something. So its very important to understand that that approach is a quantum-resistant approach. Im probably more in line with the QKD basing its protections on laws of physics, but I think you need both of them. I think its important to have a defense in-depth strategy, and I think its important to have two totally different approaches so that if one fails, its not likely the other will have the same failure mechanism and therefore, youd have more survivability.

But I do think post-quantum cryptography is going to require crypto agility just for the reasons we mentioned, you may be heading down the road with a finalist candidate algorithm, and then something happens where a mathematician comes up with an algorithm that defeats that approach. Well, you have to be able to turn on a dime and adopt one of the other algorithms that are in their golf bag, so to speak.

Yuval: I think quantum key distribution uses a side channel to transfer decryption or encryption keys to both parties outside the main channel. And I believe that a previous company that you were involved with did QKD as a service. If I understand QKD, what does as a service mean in that context?

John: Well, it means that you are providing a transmission pathway for a customer to secure data in motion. And that could be between two of the customer premises locations. It could be from a customer to the cloud. And when you say as a service, it means that you secure the fiber rights of way between points A and point B. You install the hardware, which is producing the keys and sharing the keys. And its a complete service, if there is maintenance required, you provide that as well.

And one of the most important things about this approach is that you can separate the encryption key from the data. Today we make it awfully easy for people to harvest information and the key thats used to encrypt that information. And even though they may not be able to break that key today, they can simply and inexpensively store the data and the key. And then in the future, when they have the means to break that key, like with a more powerful quantum computer then we currently have, now suddenly all that secure, sensitive information is subject to being read in plain text.

There are an awful lot of things to consider. The time it takes to convert from a classical encryption approach to a quantum encryption approach is measured in decades. The last time there was a conversion like this, it took over 20 years for companies to completely convert to the RSA algorithms. Its probably going to take more like 20 to 30 years this time around because we have so much more data that were storing and transmitting. What was happening in the seventies is much, much smaller than whats happening in the 2020s. This is not going to be an overnight plug-and-play kind of project, its going to take a long time. And you have to constantly be watching to see, are nefarious actors able to crack the new algorithms, and will our sensitive information soon be read by enemies?

Yuval: So its not a three-stage rocket where first you have PQC and then you move to the second stage with key distribution and then maybe to a quantum network, these are overlapping stages, if I understand correctly?

John: They are, and I think you know, have QKD today, which is probably the best approach to preventing harvesting attacks, because its available today, and it will give you the quantum mechanical security that boasts. PQC is probably two years away from being standardized for the first few algorithms. And then of course that conversion to PQC, which is an enormous task, will probably take at least 20 years.

But the quantum internet is going to require a fair amount of development. Today what we do is we entangle photons and then we try to swap that entanglement in a quantum repeater or quantum memory. And as I mentioned before, each photon is transmitted individually, and it has one bit of information, a one or a zero, could be polarization, could be phase whatever, but one and a zero. Now youre talking about having billions and billions of photons in order to complete a simple telecommunications transaction. And the hardware and infrastructure has to be put in place for this. But fortunately, we do have test beds springing up all around the world, and breakthroughs are being made on a fairly monthly basis. So well get there, but it will probably be on the order of 20 to 25 years before any substantial networks for substantial distances with substantial data rates will be prevalent.

Yuval: Youve probably consulted with a lot of companies and looked at many others, are there any examples that you could give of someone that you felt was doing a good job in preparing for this next type of risk?

John: Yes, in fact, Ive had the pleasure of working with a number of companies, JPMorgan Chase, for one. And what I really think they did right is that they hired quantum experts, their quantum business is run by a fellow named Marco Pistoia, came out of IBM and hes a friend of mine, and I always tell him that hes a quantum rockstar, and he is. We did a project when I was consulting for Toshiba that was based on securing a blockchain application. I think if you generalize this to companies and what they might do, I think its important to have people who understand what quantum is, what quantum science information technology is all about.

And then you have to start doing some proof of concept tests. Ive done a number of QKD proof of concepts. One of my first ones was, again, working with Toshiba and we did a Verizon 5G network security. This is all public, there have been press releases on both the companies Ive just mentioned. But thats really what you have to do, you have to get started, you have to make an investment. And theres an equal investment to understanding the PQC algorithms. And the first thing you have to do is take an inventory of your data, what data? Whats the shelf life of the data? Whats the sensitivity of the data? And you have to work from the most sensitive and longest shelf life to the least sensitive and the shortest shelf life. But just knowing that is going to take a long time in a large corporation. So getting started now is important.

The federal government is a totally different situation because the information is always very sensitive. And when you look at some of the executive orders that came out last month about when government agencies should be converted to quantum encryption, they were talking about 2032 to 2035. Now, what worries me about that is the harvesting attacks, thats going to be 10 to 13 years of people sniffing cables. Even the submariner cables crossing the ocean have been tapped. Its very difficult to know when youre tapping an optical fiber because you just simply bend it, and the light leaks out of the core and then you detect that light. The thing is that with conventional classical telecommunications, when you detect that light, you also get all the information thats being sent over that fiber. So you can imagine an optical fiber carrying tremendous amounts of data and all of it being recorded inexpensively and kept somewhere. And then eventually, when you can break that encryption, now all of these very sensitive bits of data are revealed.

I dont think we have as much time as people think that, Well, we can do this over 20 years, 25 years. Sure, it may take that long, but I think you have to take measures before that, especially if your information is a long shelf life and is extremely sensitive. And QKD actually is the only thing that can really protect you at the moment.

Yuval: You mentioned governments and security is obviously not just a corporate issue but also a national issue. Which countries, in your opinion, are ahead in quantum security? And which countries are perhaps behind?

John: Well, I think that the United States has caught up with China. We do some things better than they do. They do other things better than we do. But in terms of quantum computing, I think the US leads. I actually think that some of the QKD implementations in China lead the US. But theres a lot going on in Europe as well. Theres British Telecom thats now doing a metro scale network using Toshiba QKD and thats a very large project and very interesting in terms of seeing a large telecommunications company make that bet. The Netherlands is, and the group at Delft is doing a wonderful job on quantum networking, and theyre just a lot of things going on like Barcelona, Germany, theyre all doing a lot in the field of quantum networking,.

But this is going to be a public-private partnership in the United States, just like the moon launch was in the sixties. And thats the way to really win this race. And people, a few years ago, started to have that Sputnik moment where they said, Wow, look at Chinas just invested 10 billion in quantum. We better do something about that. And I think we have, and I think in fact that the NSF has been funding universities and a lot of basic research as well as the venture community funding startup companies. I think that combination is a winning combination. It won once before during the sixties and the Space Race, and I think itll win again.

Yuval: As we get close to the end of our conversation today, you mentioned a couple of test beds in Europe, I think in the US, I think theres a big one in Chicago. Are there others that people could get involved with or should pay attention to?

John: Well, theres Chicago Quantum Exchange, thats the one that you are referencing. And of course, that has Department of Energy laboratories working along with very fine universities and terrific researchers. Recently, NIST announced that theyre going to build a DCQ Network, a quantum network that will initially deploy quantum networking on the NIST campus, but then will bring to bear several other agencies like NASA, NSA, CIA. That will be an interesting one to watch. And there is all sorts of rumors about a network coming into Boston and another one coming into New York, and probably another on the West Coast. But none of that has really been publicly announced yet, so well see which ones of those occur. But I think its really important that we have these partnerships, test beds, that have universities involved and that have venture capital involved and government involved. Government is looking for the private sector to come with ideas. Many of these companies have been working on networking for a couple of years, three years, and they can bring to bear a lot of experience.

Yuval: Excellent, John, how can people get in touch with you to learn more about your work?

John: Well, you can go to my website, which is SafeQuantum.com, and all my information is there. I am leading the use cases TAC (technical advisory committee) at QEDC. And if youre a company that wants to join QEDC, I would recommend it. Theres a tremendous amount of knowledge within the group and its a very good place to learn. You can also look at me in Forbes Technology Council. I try to publish one paper a month there. Thats how you can find me. And LinkedIn.

Yuval: Thats perfect. Well, thank you so much for joining me today.

John: Well, thank you.

Yuval Boger is a quantum computing executive. Known as the Superposition Guy as well as the original Qubit Guy, he most recently served as Chief Marketing Officer for Classiq. He can be reached on LinkedIn or at this email.

October 12, 2022

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Podcast with John Prisco, President and CEO of Safe Quantum - Quantum Computing Report