New York, USA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- A latest report published by Research Dive on the globalquantum computing market sheds light on the current outlook and future growth of the market. As per the report, the global quantum computing market is expected to garner $667.3 million by growing at a CAGR of 30.0% from 2020 to 2027. This report is drafted by market experts by evaluating all the important aspects of the market. It is a perfect source of information and statistics for new entrants, market players, shareholders, stakeholders, investors, etc.

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The report includes:

A summary of the market with its definition, advantages, and application areas. Detailed insights on market position, dynamics, statistics, growth rate, revenues, market shares, and future predictions. Key market segments, boomers, restraints, and investment opportunities. Present situation of the global as well as regional market from the viewpoint of companies, countries, and end industries. Information on leading companies, current market trends and developments, Porter Five Analysis, and top winning business strategies.

Factors Impacting the Market Growth:

As per the report, the growing cyber-attacks across the world is hugely contributing to the growth of the global quantum computing market. Moreover, the rising implementation of quantum computing technologies in agriculture for helping farmers to improve the efficiency and yield of crops is likely to unlock rewarding opportunities for the market growth. However, absence of highly experienced employees, having knowledge regarding quantum computing is likely to hinder the market growth.

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COVID-19 Impact Analysis:

The sudden outbreak of COVID-19 pandemic has made a significant impact on the global quantum computing market. During this crisis period, quantum computing technology can be used for medical research and other activities related to COVID-19 pandemic. Moreover, the technology can be beneficial for developing advanced drugs at an accelerated speed and for analyzing different types of interactions between biomolecules and fight infectious like viruses. In addition, businesses are greatly investing in the development of quantum computers for drug discovery amidst the crisis period. All these factors are expected to unlock novel investment opportunities for the market growth in the upcoming years.

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Segment Analysis:

The report segments the quantum computing market into offerings type, end user, and application.

By offerings type, the report further categorizes the market into: Consulting solutions Systems

Among these, the systems segment is expected to dominate the market by garnering a revenue of $313.3 million by 2027. This is mainly due to growing use of quantum computing in AI, radar making, machine learning technologies, and many others.

Based on application, the report further classifies the market into: Optimization Machine Learning Material Simulation

Among these, themachine learning segment is expected to observe accelerated growth and garner $236.9 million by 2027. This is mainly due to significant role of quantum computing in enhancing runtime, capacity, and learning efficiency. Moreover, quantum machine learning has the potential to speed-up various machine learning processes such as optimization, linear algebra, deep learning, and Kernel evaluation, which is likely to boost the market growth during the forecast period.

Regional Analysis:

The report explains the lookout of the global quantum computing market across several regions, including: Europe Asia Pacific LAMEA North America

Among these, the Asia-Pacific region is estimated to lead the market growth by growing at a striking growth rate of 31.60% during the forecast period. This is mainly because of the growing adoption of quantum computing technologies in numerous sectors including chemicals, healthcare, utilities & pharmaceuticals, and others in this region.

Market Players and Business Strategies:

The report offers a list of global key players in the quantum computing market and discloses some of their strategies and developments. The key players listed in the report are:

QC Ware, Corp. Cambridge Quantum Computing Limited D-Wave Systems Inc., International Business Machines Corporation Rigetti Computing 1QB Information Technologies River Lane Research StationQ Microsoft Anyon Google Inc.

These players are massively contributing to the growth of the market by performing activities such as mergers and acquisitions, novel developments, geographical expansions, and many more.

Our market experts have made use of several tools, methodologies, and research methods to get in-depth insights of the global quantum computing sector. Moreover, we strive to deliver a customized report to fulfill special requirements of our clients, on demand.Click Here to Get Absolute Top Companies Development Strategies Summary Report.

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Global Quantum Computing Market Predicted to Garner $667.3 Million by 2027, Growing at 30.0% CAGR from 2020 to 2027 - [193 pages] Informative Report...

Raise your hand if you ever wanted to get beamed onto the transport deck of the USS Enterprise. Maybe we havent reached the point of teleporting entire human beings yet (sorry Scotty), but what we have achieved is a huge breakthrough towards quantum internet.

Led by Caltech, a collaborative team from Fermilab, NASAs Jet Propulsion Lab, Harvard University, the University of Calgary and AT&T have now successfully teleported qubits (basic units of quantum info) across almost 14 miles of fiber optic cables with 90 percentprecision. This is because of quantum entanglement, the phenomenon in which quantum particles which are mysteriously entangled behave exactly the same even when far away from each other.

When quantum internet is finally a thing, it will make Wifi look obsolete and dial-up even more ancient than it already is. We achieved sustained, high-fidelity quantum teleportation utilizing time-bin (time-of-arrival_ qubits of light, at the telecommunication wavelength of 1.5 microns, over fiber optic cables, Panagiotis Spentzouris, Head of Quantum Science at the Fermilab Quantum Institute, told SYFY WIRE. This type of qubit is compatible with several devices that are required for the deployment of quantum networks.

What you might recognize is the fiber optic cables used in the experiment, since they are everywhere in telecommunication tech today. Lasers, electronics and optical equipment which were also used for the experiments at Caltech (CQNET) and Fermilab (FQNET) that could someday evolve into the next iteration of internet. Though this is equipment you probably also recognize, what it did for these experiments was enable them to go off without a glitch. Information traveled across the cables at warp speed with the help of semi-autonomous systems that monitored it while while managing control and synchronization of the entangled particles. The system could run for up to a week without human intervention.

So if entangled qubits are inextricably linked despite the distance between them, is there even a limit to how far information can travel? Hypothetically, they could go on forever. What limits exist in reality are not in the qubits but the effects of their surroundings. While one of the qubits containing information stays where it is, the other one has to zoom over to wherever it needs to transfer that information. It could run into obstacles on the way.

What limits the distance that information can be transmitted is loss and noise: either from the properties of the medium we use to send the information or the effects of the environment on the medium, or imperfections on the various operations we need to perform to realize the information transfer, Spentzouris, who coauthored a study recently published in PRX Qunatum, said.

To keep quantum internet running at high precision and over distances around what it was able to cover in this experiment, the quantum teleportation that powers it needs quantum memory and quantum repeaters. Quantum memory is basically the quantum version of the memory your computer and smartphone use now. Instead of storing memory as something like 100101011, it stores it in the form of qubits. To make it possible for entangled qubits to travel as far as possible, quantum repeaters make it easier for those qubits to traverse by splitting it into sections over which they are teleported.

With this system, Spentzouris and his team are planning to lay out the epic Illinois Express Quantum Network (IEQNET), which will use the same technologies that the CQNET and FQNET experiments so successfully pulled off. More tech will obviously needed to realize this sci-fi brainchild. It will combine quantum and non-quantum functions for its quantum nodes and controls. The only thing missing will be the repeaters, since they will need more development to operate over such an expanse. Spentzouris believes quantum computing itself reaches far beyond internet.

Fully distributed quantum computing includes applications include GPS, secure computation beyond anything that can be achieved now, all the way to enabling advances in designing new materials and medicine, as well basic science discoveries, he said. It will unleash the full power of quantum computing and have a profound impact on our lives.

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Beam me up: long-distance quantum teleportation has happened for the first time ever - SYFY WIRE

All cryptocurrencies are based on cryptography and require miners to solve extremely complex mathematical problems in order to secure the network. The idea behind quantum computing is that it will be able to crack Bitcoins algorithm much faster than the network.

The basic principle is that Bitcoins network has to be sufficiently fast in order for a quantum attacker to not have enough time to derive the private key of a specific public key before the network.

So far, it seems that quantum computers would take around 8 hours to derive a Bitcoin private key which, in theory, means the network is secure against them. It seems that the mark right now is around 10 minutes. If quantum computers can get close to this time, the Bitcoin network could be compromised.

Its also important to note that quantum computing not only poses a threat to Bitcoin and cryptocurrencies but to other platforms, even banks. Many platforms use encryption which would be broken if quantum computing becomes real, which means the implications of this technology go way beyond just cryptocurrencies.

Theoretically, cryptocurrencies have several ways to mitigate or completely stop quantum computing attacks in the future. For instance, a soft fork on the network of an asset could be enough to at least move some of the assets that are insecure.

Additionally, there are many algorithms that are theorized to be quantum-resistant. In fact, SHA-256 which is currently used should be resistant to these types of attacks. According to recent statistics, around 25% of Bitcoin in circulation remains vulnerable to quantum attacks. You should transfer your coins to a new p2pkh address to make sure they are safe.

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Bitcoin is quantum computing resistant regardless of rising fears among investors - FXStreet

Monday markedtwo years since the passage of the National Quantum Initiative, or NQI Actand in that time, federal agencies followed through on its early calls and helped lay the groundwork for new breakthroughs across the U.S. quantum realm.

Now, the sights of those helping implement the law are set on the future.

I would say in five years, something we'd love to see is ... a better idea of, What are the applications for a quantum computer thats buildable in the next fiveto 10 years, that would be beneficial to society? the Office of Science and Technology Policy Assistant Director for Quantum Information Science Dr. Charles Tahan told Nextgov in an interview Friday. He also serves as the director of the National Quantum Coordination Officea cooperation-pushing hub established by the legislation.

Tahan reflected on some foundational moves made over the last 24 months and offered a glimpse into his teams big-ticket priorities for 2021.

Quantum devices and technologies are among an ever-evolving field that hones in on phenomena at the atomic scale. Potential applications are coming to light, and are expected to radically reshape science, engineering, computing, networking, sensing, communication and more. They offer promises like unhackable internet or navigation support in places disconnected from GPS.

Federal agencies have a long history of exploring physical sciences and quantum-related pursuitsbut previous efforts were often siloed. Signed by President Donald Trump in 2018, the NQI Act sought to provide for a coordinated federal program to accelerate quantum research and development for the economic and national security of America. It assigned specific jobs for the National Institute of Standards and Technology, Energy Department and National Science Foundation, among others, and mandated new collaborations to boost the nations quantum workforce talent pipeline and strengthen societys grasp of this relatively fresh area of investment. The functions of the National Quantum Coordination Office, or NQCO, were also set forth in the bill, and it was officially instituted in early 2019. Since then, the group has helped connect an array of relevant stakeholders and facilitate new initiatives proposed by the law.

Now, everything that's been called out in the act has been establishedits started up, Tahan explained. He noted the three agencies with weighty responsibilities spent 2019 planning out their courses of action within their communities, and this year, subsequently launched weighty new efforts.

One of the latest was unveiled in August by the Energy Department, which awarded $625 million over five yearssubject to appropriationsto its Argonne, Brookhaven, Fermi, Oak Ridge and Lawrence Berkeley national laboratories to establish QIS Research Centers. In each, top thinkers will link up to push forward collaborative research spanning many disciplines. Academic and private-sector institutions also pledged to provide $340 million in contributions for the work.

These are about $25 million eachthat's a tremendous amount of students, and postdocs, and researchers, Tahan said. And those are spread out across the country, focusing on all different areas of quantum: computing, sensing and networking.

NSF this summer also revealed the formation of new Quantum Leap Challenge Institutes to tackle fundamental research hurdles in quantum information science and engineering over the next half-decade. The University of Colorado, University of Illinois-Urbana-Champaign, and University of California, Berkeley are set to head and house the first three institutes, though Tahan confirmed more could be launched next year. The initiative is backed by $75 million in federal fundingand while it will take advantage of existing infrastructures, non-governmental entities involved are also making their own investments and constructing new facilities.

That's the foundation, you know, Tahan said. The teams have been formed, the research plans have been writtenthat's a tremendous amount of workand now they're off actually working. So now, we start to reap the rewards because all the heavy lifting of getting people organized has been done.

Together with NSF, OSTP also helped set in motion the National Q-12 Education Partnership. It intends to connect public, private and academic sector quantum players and cohesively create and release learning materials to help U.S. educators produce new courses to engage students with quantum fields. The work is ultimately meant to spur K-12 students' interest in the emerging areas earlier into their education, and NSF will award nearly $1 million across QIS education efforts through the work.

And beyond the governments walls and those of academia, the NQI Act also presented new opportunities for industry. Meeting the laws requirements, NIST helped convene a consortium of cross-sector stakeholders to strategically confront existing quantum-related technology, standards and workforce gaps, and needs. This year, that groupthe Quantum Economic Development Consortium, or QED-Cbloomed in size, established a more formal membership structure and announced companies that make up its steering committee.

It took a year or more to get all these companies together and then write partnership agreements. So, that partnership agreement was completed towards the beginning of summer, and the steering committee signed it over the summer, and now there are I think 100 companies or so who have signed it, Tahan said. So, it's up and running. It's a real economic development consortiumthats a technical thingand that's a big deal. And how big it is, and how fast it's growing is really, really remarkable.

This fall also brought the launch of quantum.gov, a one-stop website streamlining federal work and policies. The quantum coordination office simultaneously released a comprehensive roadmap pinpointing crucial areas of needed research, deemed the Quantum Frontiers Report.

That assessment incorporates data collected from many workshops, and prior efforts OSTP held to promote the national initiative and establishes eight frontiers that contain core problems with fundamental questions confronting QIS today and must be addressed to push forward research and development breakthroughs in the space. They include expanding opportunities for quantum technologies to benefit society, characterizing and mitigating quantum errors, and more.

It tries to cut through the hype a little bit, Tahan explained. It's a field that requires deep technical expertise. So, it's easy to be led in the wrong direction if you don't have all the data. So we try to narrow it down into here are the important problems, here's what we really don't know, heres what we do know, and go this way, and that will, hopefully benefit the whole enterprise.

Quantum-focused strides have also been made by the U.S. on the international front. Tahan pointed to the first quantum cooperation agreement signed between America and Japan late last year, which laid out basic core values guiding their working together.

We've been using that as a model to engage with other countries. We've had high-level meetings with Australia, industry collaborations with the U.K., and we're engaging with other countries. So, that's progressing, Tahan said. Many countries are interested in quantum as you can guesstheres a lot of investments around the worldand many want to work with us on going faster together.

China had also made its own notable quantum investments (some predating the NQI Act), and touted new claims of quantum supremacy, following Google, on the global stage this year.

I wouldn't frame it as a competition ... We are still very much in the research phase here, and we'll see how those things pan out, Tahan said. I think we're taking the right steps, collectively. The U.S. ecosystem of companies, nonprofits and governments arebased on our strategy, both technical and policiesgoing in the right direction and making the right investments.

Vice President-elect Kamala Harris previously put forthlegislationto broadly advance quantum research, but at this point, the Biden administration hasnt publicly shared any intentions to prioritize government-steered ongoing or future quantum efforts.

[One of] the big things we're looking towards in the next year, is workforce development. We have a critical shortage or need for talent in this space. Its a very diverse set of skills. With these new centers, just do the math. How many students and postdocs are you going to need to fill up those, to do all that research? It's a very large number, Tahan said. And so we're working on something to create that pipeline.

In that light, the team will work to continue to develop NSFs ongoing, Q-12 partnership. Theyll also reflect on whats been built so far through the national initiative to identify any crucial needs that may have been looked over.

As you stand something up thats really big, you're always going to make some mistakes. What have you missed? Tahan noted.

And going forward, the group plans to hone deeper in on balancing the economic and security implications of the burgeoning fields.

As the technology gets more and more advanced, how do we be first to realize everything but also protect our investments? Tahan said. And getting that balance right is going to require careful policy thinking about how to update the way the United States does things.

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Two Years into the Government's National Quantum Initiative - Nextgov

Jiuzhang, a quantum computer prototype developed at the University of Science and Technology of China, represents such a giant leap forward in computing that just 200 seconds of its time dedicated to a specific task would equal 600 million years of computing time for today's current most powerful supercomputer.

On Dec 4, Science magazine announced a major breakthrough made by a team from USTC headed by renowned physicist Pan Jianwei. The team had jointly developed a 76-photon Jiuzhang, realizing an initial milestone on the path to full-scale quantum computing.

This quantum computational advantage, also known as "quantum supremacy", established China's leading position in the sphere of quantum computing research in the world.

USTC has produced a string of wonders: Sending Wukong, China-'s first dark matter particle explorer, and Mozi, the world's first quantum communication satellite, into space; and witnessing the National Synchrotron Radiation Laboratory sending off light from the Hefei Light Source.

During the past 50 years, USTC has made significant achievements in the fields of quantum physics, high-temperature superconductivity, thermonuclear fusion, artificial intelligence and nanomaterials.

Technology is the foundation of a country's prosperity, while innovation is the soul of national progress.

Since 1970, when USTC was relocated to Hefei, Anhui province, it has focused on research and innovation, targeting basic and strategic work in a bid to fulfill its oath to scale "the peak of sciences".

The large number of world-renowned innovative achievements shined glory on USTC, exhibiting its courage to innovate, daring to surpass its peers and unremitting pursuit of striving to be a top university in the world.

Although USTC was set up only 62 years ago, it established the country's first national laboratory and also the first national research center. It has obtained the largest number of achievements selected among China's Top 10 News for Scientific and Technological Progress each year since its founding.

Its reputation as an "important stronghold of innovation" has become stronger over the years.

While facing the frontiers of world science and technology, the main economic battlefield, the major needs of China and people's healthcare, USTC focuses on cultivating high-level scientific and technological innovation talents and teams, and shoulders national tasks.

It has used innovation to generate transformative technologies and develop strategic emerging industries, perfecting its ability to serve national strategic demand, and regional economic and social development.

Facing sci-tech frontiers

USTC has top disciplines covering mathematics, physics, chemistry, Earth and space sciences, biology and materials science. While based on basic research, USTC pays close attention to cutting-edge exploration, encouraging innovative achievements.

Serving major needs

In response to major national needs, USTC has led and participated in a number of significant scientific and technological projects that showcase the nation's strategic aims.

For example, sending the Mozi satellite and Wukong probe into space. Meanwhile, it also participated in the development of core components of Tiangong-2, China's first space lab, and Tianwen-1, the nation's first Mars exploration mission.

Main economic battlefield

In the face of economic and social development needs, USTC has balanced meeting national needs and boosting exploration in frontier spheres.

It has witnessed a series of innovative achievements in the fields of materials science, energy, environment, advanced manufacturing, AI, big data and security.

Safeguarding health

USTC's School of Life Sciences was founded in 1958 with emphasis on biophysics. In recent years, this flourished into many branches of biological sciences.

The new School of Life Sciences was established in Hefei in 1998. Based on its years of cultivation in the field of life sciences, the university has contributed much to China's medical science.

In 2020, the university developed the "USTC protocol" to treat COVID-19 patients, which has been introduced to more than 20 countries and regions.

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Scaling the heights of quantum computing to deliver real results - Chinadaily.com.cn - China Daily

Have you ever heard of Quantum Chess? If not, we are confident you are in for a real treat.

Read on to find out more about this interesting take on a very ancient strategy game. But brace yourself, things are about to get a little "spooky".

RELATED: WINNER OF THE WORLD'S FIRST QUANTUM CHESS TOURNAMENT ANNOUNCED

Quantum Chess is a variant of the classical strategy game. It incorporates the principles of quantum physics. For example, unlike traditional chess, the piecescan be placed into a superposition of two locations, meaning that a piece can occupy more than one square.

Unlike chesspieces in the conventional game where, for example, a pawn is always a pawn, aquantum chesspiece is a superposition of "states", with each state representing a different conventional piece.

Conventional chess is a very complex game, although it is possible for computer algorithmsto beat the world's greatest chess playersby accurately determining the moves necessary to win the game at any point.

The main rationale behind the creation of Quantum Chess is to introduce an element of unpredictability into the game, and thereby place the computer and the human on a more equal footing. The game can also help "level the playing field" somewhat between human players of widely different skills and experience with chess.

Its like youre playing in a multiverse but the different boards [in different universes] are connected to each other, said Caltech physicist Spiros Michalakis during aLivestreamof a recent Quantum Chess tournament. It makes 3D chess fromStar Treklook silly.

But don't let the term intimidate you. New players to the game don't need to be experts in quantum physics a basic understanding of chess is more important actually.

While it might sound like something of a gimmick, Quantum Chess is an interesting and entertaining spin on the classic game that many find enjoyable. Unless, of course, you cannot live without knowing for sure what and where each piece is at any given time.

If that is the case, you might find this one of the most frustrating games ever created!

Quantum Chess, as you have probably already worked out, is not like any game of classical chess you have ever played. But, it is important to note that there are also several variants of Quantum Chess.

The best known is probably the one created by Chris Cantwell when he was a graduate student at theUniversity of Southern California.This variant differs from other examples by the fact that it is more "truly quantum" than others.

My initial goal was to create a version of quantum chess that was truly quantum in nature, so you get to play with the phenomenon,Cantwell said in an interview with Gizmodoback in 2016.

I didnt want it to just be a game that taught people, quantum mechanics. The idea is that by playing the game, a player will slowly develop an intuitive sense of the rules governing the quantum realm. In fact, I feel like Ive come to more intuitively understand quantum phenomena myself, just by making the game, he added.

In Cantwell's version of Quantum Chess, this superposition of pieces is indicated by a ring that details the probability that the piece can actually be found in a given square. Not only that, but when moving a piece, each action can also be governed by probability.

You can think of the pieces of the game existing on multiple boards in which their numbers are also not fixed. The board you see is a kind of overview of all of these other boards and a single move acts on other boards at the same time.

Whenever a piece moves, many calculations are made behind the scenes to determine the actual outcome, which could be completely unexpected.

That being said, moves do follow the basic rules of traditional chess, including things like castling and en passant. However, there are a few important differences:

Pieces in this version of Quantum Chess can make a series of either "quantum moves" (except for pawns) or regular chess moves. In this sense, the pieces can occupy more than one square on the multiverse of boards simultaneously.

These moves also come in a variety of "flavors".

The first is a move called a "split move". This can be performed by all non-pawn pieces and allows a piece to actually occupy two different target squares that it could traditionally reach in normal chess.

But, this can only be done if the target square is unoccupied or is occupied by pieces of the same color and type. A white knight, for example, could use this kind of move to occupy the space of another white knight.

Such a move cannot; however, be used to capture an opponent's piece.

Another interesting move is called a "merge move". This can be performed by all pieces except pawns and, like a split move, can only be performed on an unoccupied square or one occupied by a piece of the same type and color.

Using our previous example of a white knight, this would mean that two white knights could merge together on the same square. Again, this move cannot be used to capture enemy pieces.

So how do you take pieces in Quantum Chess?

Well, when two pieces of different colors meet on the same square the game makes a series of measurements.These measurements are designed to answer a specific yes or no question.

For example, the game's mechanics will look at certain squares to determine if they are occupied or not.The outcome of this can be to cause a piece's "superposition" state to "collapse".

If the superposition state collapses, then the desired move will be performed. If not, the move is not made and the player's turn ends.

Capturing is also very different in a game of Quantum Chess. When a player attempts to do this, the game will make calculations for the square where the piece is situated and for its target square, as well as any other squares in its path, to answer the question, "is the attacking piece present and can it reach the target?".

If the answer is no, it is important to note that this doesn't necessarily mean the attacking piece is not present. Nor does it mean that its path is blocked.

Another interesting concept of Quantum Chess is called "exclusion". If a moving target is occupied and is in superposition by a piece that cannot be captured by the move, it is called an exclusion move.

Again, calculations are made for the target square and any squares in the path of an allowed move by a piece in superposition. This is done to answer the same question as capturing, with similar outcomes.

Castling is also very different in Quantum Chess. This move always involves two targets, and the same measurements are made for both targets. Castling cannot be used to capture, and will always be an exclusion move.

So, you might be wondering how you actually win a game of Quantum Chess?

Just like traditional chess, the aim of the game is to capture the opponent's king. However, unlike in traditional chess, the concept of checkmate does not exist.

To win, the enemy king must no longer actually exist on the board. As any piece, including the king, exist in a state of superposition, they can either be captured or not which further complicates the issue.

The game, therefore, continues until it is known, with certainty, that a particular player has no king left. For this reason, it is possible for both players to lose their king at the same time and the game would then be considered a draw.

Another important thing to note is that each player has a set amount of time for the game. For this reason, you can also win by running an opponent's time out.

How you play Quantum Chess depends on the variant of the game you are playing. We have already covered the rules of one variant above, and that game can be played throughQuantum Realm Games. But another version created byAlice Wismath at theSchool of Computing at Queen's University in Californiahas some slightly different rules.

You can try that game for yourself here.

In her version, each player has sixteen pieces. These pieces are in a quantum state of superposition of two types: a primary and a secondary type.

They are also in an unknown (quantum) type or a known (classical) type.When a piece is "touched" it collapses into its classical state and has an equal probability of becoming either a primary or secondary type. The king, however, is an exception, and is always in a classical state.

Each player has one king and its position is always known.

All other pieces are assigned the following primary piece types: left rook, left bishop, left knight, queen, right knight, right bishop, right rook, and pawns one through eight. Secondary piece types are then randomly assigned from this same list of piece types so that each type occurs exactly twice in the player's pieces.

Each piece is created at the start of each game and superpositions are not changed throughout the game. Pieces also start as they would in regular chess, on the first two rows, according to their primary piece type with all, except the king, in a state of superposition.

Once a quantum state piece is touched (i.e. chosen to move), it collapses into one of its two predetermined states, and this state is suddenly revealed to both players.

This can mean that a pawn in the front row can suddenly become a white knight once the piece has been "touched". You won't know until the piece's quantum state collapses.

Quantum Chess boards are the same as regular chess boards except that when a piece lands on a white square it remains in its classical state. When pieces land on black squares, however, they undergo a quantum transformation and regain, if lost, their quantum superposition.

This means that a previously "revealed" pawn can also suddenly transform into a queen if that was one of its predetermined primary or secondary types. A very interesting concept indeed.

To play the game, each player chooses a piece to move and must move it. If the quantum piece collapses into a piece type with no possible moves, then the player's move is over.

Pieces in classical states with no possible moves cannot be chosen. All pieces move as they would in classical chess with some of the following exceptions:

Pieces can also be captured as normal, and quantum pieces collapse from their superposition state and are removed from play.

If a player touches a quantum piece that collapses into a state that puts the opponent's king in check, their move is over. The opponent, however, is not required to get out of check in such circumstances.

Pawns that reach the opposite side of the board can be promoted to aqueen, bishop, rook, or knight, regardless of the number of pieces of that type already in the game. Also, if a piece in the quantum state on the far row is touched and revealed to be a pawn, it is promoted, but the promotion takes up the turn. The superimposed piece type is not affected.

To win the game, each player must capture the enemy's king, as a checkmate does not happen in Quantum Chess. For this reason, kings can actually move into a position that would normally be considered check.

Games are considered a draw if both opponents are left with only their king in play or 100 consecutive moves have been made with no captures or pawn movements by either player.

It was recently announced that the world's first Quantum Chess tournament had been won by Aleksander Kubica, a postdoctoral fellow at Canada's Perimeter Institute for Theoretical Physics and Institute for Quantum Computing. The tournament was held on the 9th of December 2020 at the Q2B 2020 conference.

The tournament games are timed, and Kubica managed to beat his opponent, Google's Doug Strain, by letting him run out of time. This currently makes Kubica officially the best Quantum Chess player in the world.

Not a bad way to see out one of the worst years in living memory.

And that, ladies and gentlemen, is a wrap.

If you like the sound of playing Quantum Chess, why not check out either of the versions we have discussed above in this article. Who knows, you might get proficient enough to challenge Kubica for the title in the not too distant future?

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What the Hell Is Quantum Chess? | IE - Interesting Engineering

The Boston giant is renting a special corner of Amazon's cloud to remake Monte Carlo and do hyper-quant investing like an AI Peter Lynch, with no experience as a golf caddy.

Brooke's Note: Passive indexing is done by computers that mostly make sure that theybet on nothing but the diversity implicit in any given index of securities. It's an approach where wisdom of knowing how little you know -- and executing it with mechanical precision -- mostly beats market timing done byyounger, smarter computers, never mind smarter, or dumber, people. The passive approach now attracts the most dollars because it is cheaper andbetter, or better because it's cheaper. But it's easy to see why smart people with smart computers wouldn't want to accept this new odd reality lying down, and Fidelity's people, it seems areamong them. The logic to its FCAT quantum project with Amazonis that a tipping point back to active managers beating passive onesis bound to come alongif computers keep getting smarter. Of course, active managers eventually outsmart each other, which blunts any advantages, so it's key to be first. Fidelity Investments is trying to do just that by playing the quantum revolution.

Fidelity Investments is exploring a path out of the drab world of passive investing backto the greener pastures of active management, using a technology that, until recently, was more science fiction than fact.

That path is being charted deep within the bowels of the Boston giant at its Center for Applied Technology (FCAT). It'son a never-ending mission to find "breakthrough achievements in research and tech,"according to its website.

And, it thinks it's found one in the latest advances in quantum computing.Itpromises to revitalize active management, where the fees are fat and the returns are -- hopefully -- fatter.

Fidelity's latest research project runs FCAT-developed quantum algorithms through Amazon's Braket, arecently launchedcloudservicethatruns on three super-computers, D-Wave, IonQand Rigetti.

Quantum computers areable to solve certaincomputational problems, infinitely faster than classical computers. They havefour major potential benefits for financial firms.

It speeds up market forecasting, cryptographyand data gathering,and makes it more precise, says Fidelity head of emerging technologyAdam Schouela.

It is a quest for the proverbial quantum leap.

"We're looking for those technologies that truly have that potential to displace technologies we're using today," he says."That's where quantum computing fits in."

In August, Fidelity completed a quantum computing proof-of-concept in conjunction with Amazon that promises faster and more accurate asset pricing, investment analytics, tradingand Monte Carlo analyses.

"Active investing is in Fidelitys DNA,"says Will Trout, director of wealth management at Pleasanton, Calif.-based consultancy, Javelin Strategy & Research, via email.

"Whether supported by the boffins or cutting-edge technology ... avenues where it's still possible to outperform and get paid ... will remain on the Fidelity road map," he explains.

FCATs latest project created a security not unlike an index ETF that tracked a synthesized index in close to real time with a lower rate of error than currently possible. By further crunchingthe data, it yieldednear real-time asset pricing, inclusive of options trades.

That said, Schouelais careful to temper expectations.

"I wouldn't necessarily call it a gamble but I wouldn't call it a 'will'... as in will potentially."

Fidelity is also one of the few firms withdeep enough pockets to pull off a project like this in such a nascent technology, says Lex Sokolin, global fintech co-head at New York City blockchain software company, ConsenSys, via email.

"With mutual fund AUM over [$3.5] trillion, Fidelity is able to partner and have a meaningful conversation with [firms like] Amazon ... these are big fixed-cost projects, and technology firms need to find a use case that works for millions." See:Fidelity Investments takes another leap into the future, enlisting Amazon to turn advisors into virtual reality avatars, but some say it's pie-in-the-sky.

Although quantum computing has potential long-term benefits for the financial industry, the field itself remains closer to the whiteboard than the shop floor.

Between 1977 and 1990, when Peter Lynch managed Fidelity's Magellan Fund, he averaged a 29.2% annual return, increasing assets from $18 million to$14 billion.

The legendary investor got recruited by a Fidelity exec who saw promise in his caddy -- an approach to capturing lucrative decision-making capabilities regarded by most HR departments as too hit-or-miss in 2020.

Indeed, many of FCATs own staff have yet to come to terms with quantum computing.

The firm uses a mix of workshops and virtual reality to get its employees thinking about the "mental shift" quantum-design requires.

"Quantum computing is in the very early stages of considering commercialization," Sokolin explains.

"This hardware is important, as are its uses, but I expect the discussion to stay in innovation labs for another few years. Much of what is happening today is finding the problems that fit the types of solutions that quantum computation can provide."

But a developmental leap is in the offing, similar to the shift from hexadecimal machine code to programming in English-like script, and Fidelity intends to capitalize, says Schouela.

"There are these layers of abstraction [that have] started to form for quantum computing [and] as soon as the technology is viable, we have the ability to leverage it to the benefit of Fidelity."

Typically, the now 20 year-old FCAT spends between three- to seven-years working on a project before it gets tucked into Fidelity or spun-off.

Fidelity's ability to succeed depends on its ability to make a portfolio of bets where failure or cold storageis an option.

"We shelve stuff all the time," Schouela says. " [and] sometimes the markets not ready for something yet it's an exploration."

'Incidental' pairing

The Fidelity-Amazon quantum partnership is also the fourth time the two firms have worked together since anearly attemptat joint distribution in 2006.

In May 2018, Fidelity developed a chatbot Cora built on AWS Sumerian, a VR design tool; and later Fidelity strengthened its VR partnership with Amazon as it pursued VR advice and training systems, the latter of which are now in use.

Then, in late 2019, Amazon chose Fidelity as its new 401(k) vendor. See:Fidelity wrests high-profile Amazon 401(k) business from Vanguard.

But the two firms continued partnering is merely "incidental", rather than strategic, says Schouela, who worked on Fidelity's VR projects.

"Its completely different folks [at Amazon this time] so it is a little bit more on the incidental side were [also] actively working with lots of different people in this space."

Fidelity's ownership of the algorithm-basedshort-selling asset manager Geode -- a 2003 Fidelity spin-off -- and its stake in ESG investment manager Ethic are examples of the firm's continued interest in active-management. See:Fidelity Investments inks deal with $180-million startup.

"Fidelity, led by [CEO] Abby Johnson in this context has unlimited thirst for advantage," saysSteve Gresham, managing principal of NYC consultancy, The Execution Project, via email.

Johnson has, for example, pushed the family firm toward crypto-currency.Fidelity Investments applies its proven Peter Jubber to its unproven bitcoin unit and its launch of Fidelity Digital Funds signals it's all in on blockchain currency

Yet Amazon will win downstream, says Sokolin.

"If it can help financial firms, whether Fidelity, hedge funds, or market makers more efficiently price financial instruments at scale [for] the entire market in real time, then it can become the de facto analytics engine for financial services."

"This would again mean that technology firms become more powerful relative to the existingfinancial ecosystem," he adds.

Amazon uses neutral language.

"Our goal for Braket is to be a catalyst,"says AWS vice president for technology, Bill Vass,in a release.

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Fidelity Investments leaps back to the future in an experiment to restore active management to its lofty perch, using technology that is still more...

In this year-end article, we look at the broad array of changes witnessed in 2020, transformative forces, and future trends for 2021 and beyond.

Some of the obvious developments for the year 2020 were offline or in-person meetings being replaced by virtual meetings, and travel and tourism being replaced by OTT and online binging. Office space was replaced by work from home.

Polluted air was replaced by cleaner air. Budget allocations for defence were reduced and budget allocations to stimulate the economy were increased. Going to schools and colleges was replaced by online classes or your teachers were replaced by teachers from anywhere. The swanky stores and fancy malls were replaced by online sales.

The most important change was that the GDP or the type of governance or the climate that a country had did not matter this is what I call a level playing field for the world.

All the above changes were across all countries, across all continents, across all levels of the society. It did not matter if you were developed or not, it did not matter if you had a medical infrastructure better than the others, it did not matter if you were in the tropics or not, it did not matter if you were rich or poor, and so on so forth.

The underlying impact of all of this will be short term and long term, is great or will be greater. For example, corporates are questioning the need to travel or to have office space in swanky zip codes. Parents are questioning the high school or college fees that they have to pay.

Governments are realising the importance of the impact of sporadic growth on the environment. They are questioning if chemical warfare is the future or not, especially when one country cant stay in isolation from the other.

The country that rules the tech space will rule the world, will be the future economic power.

Whilst all of the above developments were happening on the ground, there were huge enhancements in Artificial Intelligence, Machine Learning, Blockchain, facial recognition software, quantum computing, data storage, wearable devices and adoption of 5G.

All of this combined will pave the future of the world that we live in. Based upon the above context, this is what I feel the coming year or two will be for all of us, or for the world at large.

The misuse of advancement in science and tech has also always had the negative impact on our future, form minor misuses on audio and video content distortion to the hacking of websites and passwords, to targeted warfare, I fear that the use of AI and ML by countries into social media or other digital means of communication can change the mindset of the society, a country or a generation gradually without them even realising it.

The predictive behaviour online of an individual or a group of individuals can be further directed into a more regimented/chaotic society by implanting the algorithms that one wants to, whether a political party or a country or a group of countries.

So, while we have to be careful on the use of or influence of online behaviour, especially social media, we also need to be careful of the fact that the countries will not trust other countries.

Land records and legal documents will be more authentic and safer. Tokenisation of investment in shares or equity, in land and property, and other assets will also revolutionise the world. Tokenisation will democratise investments across all sectors of investments. And many such things will be much more secure and easy to transact.

But will this lead to a new currency, an e-currency for every country and a new world order which will cashless and corrupt free? Would the countries or individuals that lose because of all this, let that happen? Not in 2021 or 2022, but we shall soon know of this too.

While life becomes smaller and easier, our memories would fade, as we will be more dependent on devices, our abilities to be human will gradually diminish, more knowledge will be imparted to us than we need or can digest. The speed of growth of the human race will be enhanced multifold, meaning thereby what has changed in the last decades will take years to change. Good or bad is for all of us to see and live.

Furthermore, in my opinion, here are a few things that hopefully will not change or will make a strong comeback.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

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Rewind 2020: Business, politics, social and professional impact, and what lies ahead - YourStory