Category Archives: Quantum Computing

CHICAGO, July 9, 2021 /PRNewswire/ -- According to the new market research report "Quantum Computing Software Marketby Component (Software, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Application (Optimization, Simulation), Vertical (BFSI, Government), and Region - Global Forecast to 2026", published by MarketsandMarkets, the Quantum Computing Software Market size is projected to grow from USD 0.11 billion in 2021 to 0.43 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period.

The major factors driving the growth of the Quantum Computing Software Market include the growing adoption of quantum computing software in the BFSI vertical, government support for the development and deployment of the technology, and the increasing number of strategic alliances for research and development.

Browse in-depth TOC on"Quantum Computing Software Market"373 Tables47 Figures305 Pages

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Based on Component, the service segmentto grow at a higher CAGR during the forecast period

Among the component segment, the services segment is leading the Quantum Computing Software Market in 2021. The growth of the services segment can be attributed to the increasing investments by start-ups in research and development related to quantum computing technology. Quantum computing software and services are used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various industries.

Based on application, the optimization segment is expected tohold the highest market size during the forecast period

The optimization segment is expected to lead the global Quantum Computing Software Market in terms of market share. Optimization problems exist across all industries and business functions. Some of these problems take too long to be solved optimally with traditional computers, where the usage of quantum computing technology is expected to be an optimum solution. Several optimization problems require a global minimal point solution. By using quantum annealing, the optimization problems can be solved earlier as compared to supercomputers.

Based on vertical, the BFSI segment is expected tohold the highest market size during the forecast period

Banks and financial institutions, such as hedge fundraisers, are the key adopters of quantum computing systems and services as they help them minimize risks and maximize gains from dynamic portfolios of investments. Potential use cases of quantum computing in the banking and financial industry include portfolio analysis, fraud detection, optimization, and asset valuation, along with cybersecurity system quantum-proofing and high-frequency trading.

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North America to hold the highest market size during the forecast period

North America is one of the most prominent regions in the Quantum Computing Software Market. The growth of the Quantum Computing Software Market in North America can be attributed to the fact that the region is home to the leading players of the market; quantum computing solutions and services are also witnessing increased adoption in the aerospace & defence, chemical, and BFSI industries of the region.

Major Quantum Computing Software vendors include IBM Corporation (US), Microsoft Corporation (US), Amazon Web Services, Inc. (US), D-Wave Systems Inc (Canada), Rigetti Computing (US), Google LLC (US), Honeywell International Inc. (US), QC Ware (US), 1QBit (US), Huawei Technologies Co., Ltd. (China), Accenture plc (Ireland), Cambridge Quantum Computing (England), Fujitsu Limited (Japan), Riverlane (UK), Zapata Computing (US), Quantum Circuits, Inc. (US), Quantica Computacao (India), XANADU Quantum Technologies (Canada), VeriQloud (France), Quantastica (Finland), AVANETIX (Germany), Kuano (England), Rahko (UK), Ketita Labs (Estonia), and Aliro Quantum (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2019 to 2021, which helped companies innovate their offerings and broaden their customer base.

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Quantum Cryptography Market by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025

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Quantum Computing Software Market worth $0.43 billion by 2026 - Exclusive Report by MarketsandMarkets - PRNewswire

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This week, the UK government and IBM hope to make new discoveries and develop sustainable technologies in areas from life sciences to manufacturing, 210 million ($ 297.5 million) for five years. Announced a collaboration between IBMs artificial intelligence (AI) and quantum computing.

The program employs 60 scientists, invites internships and students to work at the Hartree Center in Daresbury, Cheshire, with the support of IBM Research and the Science and Technology Facilities Council (STFC) in the United Kingdom. The newly established Hartree National Center for Digital Innovation (HNCDI) applies AI, high performance computing (HPC), data analysis, quantum computing, and cloud technology to areas such as material development and environmental sustainability. Promote research in. IBM Said in a statement..

Artificial intelligence and quantum computing have the potential to revolutionize everything from the way we travel to the way we shop. Thats exactly what I want the UK to lead, said the UK. Said Amanda Soloway, Minister of Science.

The Hartree Center was opened in 2012 by the UK Research and Innovation STFC as an HPC, data analysis, and AI research facility. It is housed in Sci-Tech Daresburys lab for research in accelerator science, biomedical, physics, chemistry, materials, engineering, computational science and more.

The program is part of IBMs Discovery Accelerator initiative to accelerate discovery and innovation based on the convergence of advanced technologies at research centers such as HNCDI, the company said. This will be IBMs first European Discovery Accelerator Research Center.

As part of the HNCDI program, STFC Hartree Center participates in more than 150 global organizations, from Fortune 500 companies to start-ups, with access to the IBM Hybrid Cloud. IBM quantum network.. The Quantum Network is an assembly of premium quantum computers and development tools by computing giants. IBM also provides access to commercial and experimental AI products and tools to work in areas such as Material Design, Scaling and Automation, Supply Chain Logistics, and Reliable AI Applications, the company said.

IBM has been busy dealing with Discovery Accelerator and its partners this year.The company invested $ 200 million last month 10-year joint project At the Grainger Institute of Technology at the University of Illinois at Urbana-Champaign (UIUC). Similar to HNCDI in the UK, the IBM-Illinois Discovery Accelerator Institute, planned at UIUC, will build a new research facility and hire faculty and technicians.

Earlier this year, IBM announced a 10-year quantum computing collaboration with the Cleveland Clinic, laying the computational foundation for a global center for future Cleveland Clinic pathogen research and human health. The project will set up the first US-based on-premises private sector. IBM Quantum System One, The company said. Over the next few years, IBM also plans to install one of the first next-generation 1,000 qubit quantum systems on another Cleveland client site.

At the time of the announcement of the Cleveland Clinic, IBM Chair and CEO Arvind Krishna said the pandemic urged the challenge of leveraging quantum computing, AI and other cutting-edge technologies to solve the most pressing problems in medicine. Said that he was added.

The COVID-19 pandemic has created one of the greatest races in the history of scientific discovery, which demands unprecedented agility and speed, Krishna said. Said in a statement..

At the same time, science is undergoing unique changes. High-performance computing, hybrid cloud, data, AI, and quantum computing are being used in new ways to break the long-standing bottleneck in scientific discovery. A new collaboration with Cleveland Clinic combines world-renowned expertise in healthcare and life sciences with IBMs next-generation technology to make scientific discoveries faster and expand their reach than ever before. I will, says Krishna.

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IBM partners with UK on $ 300 million quantum computing research initiative - Illinoisnewstoday.com

WATERLOO, ON and SCOTTSDALE, Ariz., July 8, 2021 /PRNewswire/ --Ambature, Inc., a privately held company that designs superconducting quantum materials and devices, today announced test results using a new form of high-temperature superconducting material (a-axis YBCO) to generate a trilayer Josephson Junction (JJ) device. This type of a-axis YBCO superconducting material, when designed into JJ devices, enables simpler foundry fabrication, quantum device design, and high-performance analog and digital circuit solutions.

"These test results demonstrate that our proprietary technology of a-axis YBCO material is not only extremely high-quality, it can be designed into JJ devices," said Ron Kelly, Ambature CEO. "This allows us to accelerate our plans to scale this technology in stand-alone JJ applications or in volume with traditional silicon foundries. The results also affirm our strategy of protecting this technology with an extremely strong patent portfolio that gives us freedom of manufacturing and flexibility in our business model."

The test results follow success in generating very high-quality a-axis YBCO material. The use of a-axis architecture YBCO, as opposed to the common approach of using conventional c-axis architecture with other materials, allows easier fabrication of JJ devices in large scale foundries.

Ambature's JJ technology enables an extremely fast and energy-efficient computer processor and one of the best sensors in the entire electromagnetic spectrum. Its core JJ technology addresses two basic problems: parasitic heat and short-lived quantum coherence. Parasitic heat is caused by electrical resistance in devices such as computers, cell phone base stations, data centers and batteries. It is the major barrier to advances in semiconductor power, speed, efficiency, density and reliability. Short-lived quantum coherence is a barrier to advances in a number of applications exploiting quantum effectsmost notably quantum computers. The semiconductor industry needs new materials, architectures, and circuit designs to address these problems. Today, Ambature's low-resistance materials and patented JJ architecture make these solutions achievable.

The opportunities to impact a number of industry verticals with this technology are far reaching; JJ's have been shown to be a perfect vehicle for high-performance and energy-efficient products, and Ambature's test results demonstrate a huge step forward for the industry. The potential for increased performance in applications include high-performance and quantum computing, autonomous vehicles, telecommunications, data centers, medical diagnostics and AI. These applications have multiple use cases for both commercial and military markets.

About Ambature

Based in Waterloo, Ontario and Scottsdale, Arizona, Ambature, Inc. designs superconducting quantum materials and devices to power an innovative and sustainable future. Ambature owns and offers for license over 200 patents, with over 3700 unique patent claims, worldwide. For more information visit https://ambature.com/.

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Breakthrough Test Results using New Superconductor Material Announced by Ambature - PRNewswire

Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drives daily audio interviews onApple PodcastsorPodcastOne.

The technology industry is rooting for a bill the Senate passed earlier this year. The U.S. Innovation and Competition Act authorizes $110 billion over five years to fund research in artificial intelligence, semiconductors, quantum computing and related technologies. For why at least one sector likes this bill, Federal Drive with Tom Temin turned to the president and CEO of the Information Technology Industry (ITI) Council Jason Oxman.

Tom Temin: Jason, good to have you back.

Jason Oxman:Thanks, Tom. Its good to be with you.

Tom Temin: And this bill, of course, sets up regional technology centers lots of money and grants. What is industrys general take on what it will do?

Jason Oxman:Well, this is an enormously important bill, were strongly supportive of this legislation, glad it moved through the Senate, hope it moves through the House quickly and to the presidents desk. Its really critical for expanding Americas technology leadership. It has, as you mentioned, a lot of investment and focus on technology leadership, on economic competitiveness, U.S. innovation including funding for development of technology centers, research, high tech jobs theres really a lot in it thats going to be important for the U.S. economy and important for our technology leadership around the world.

Tom Temin: Yeah, and of course, this is aimed at least all the accounts Ive read in the summary of it at China. And I guess, maybe industrys view, it kind of gives industry the backup that maybe Chinese industrial counterparts have from their government?

Jason Oxman:Yeah, thats a really important point. And nowhere is this more evident than in the semiconductor provisions in this bill, theres funding in here $52 billion for something called the CHIPS Act for America. The CHIPS Act is focused on investing in manufacturing capability here in the U.S. for semiconductors. Weve all heard about the shortage of semiconductors across all industries around the world. And as the semiconductor industry looks to increase manufacturing capability, we think its enormously important that we do that here in the United States. China provides enormous subsidies for companies to invest in semiconductor manufacturing there. We think its more important that it happened here. Its important for manufacturing, its important for job creation, its important for national security. And this legislation has the funding in it. We need it to become law in order for that to become realized, but we think thats enormously important to have happen.

Tom Temin: Yes, because short term, the world is relying on Taiwan semiconductor manufacturing. And just as China came in and kind of smashed Hong Kong, it seems like Taiwan is probably next in their sights. So theres a short-term worry, because of that, correct?

Jason Oxman:Well, the long-term interest of the U.S. is to have companies like Taiwan Semiconductor Manufacturing Corporation (TSMC) build manufacturing capability in the U.S. Its a great company, Intel is a great company. There are other great manufacturers of semiconductors that do so in the U.S. like Texas Instruments. We love AMD all these companies are terrific and we want them to continue to grow their supply. But we want them to do it in the U.S. We dont want them to build their next generation of plants elsewhere. We dont want it built in China, we want it built in the U.S. So the CHIPS Act has that funding in it to help semiconductors be built here in the U.S. And we think thats what we should be doing.

Tom Temin: And I guess maybe the larger question then is, what are the policies that gave rise to the exodus of chip manufacturing from the United States in the first place? I mean, wed still refer constantly to Silicon Valley, which used to be Silicon Valley. Now its Software Valley, and Lord knows what else but the [Facilitating American-Built Semiconductors] have closed up and moved elsewhere. Maybe theres something in our policies that could foster industry to stay here in the first place?

Jason Oxman:Well, its an enormously important question. And it is the driving force behind this legislation, the U.S. Innovation and Competition Act is designed to replace those national policies that we used to have to encourage manufacturing in the U.S. with a new generation of policies that invest in national security and global economic competitiveness. So youre absolutely right. Just a couple of decades ago, in the 90s, well over 25% of the worlds semiconductors were manufactured here in the U.S. Today, that number is closer to 11%. So we really have lost in almost an entire generation of manufacturing capability. So the policy change that needs to happen is reverting back to policies that support manufacturing here in the U.S., support job creation, support research and development. And thats exactly what this legislation does. And were hoping to reverse the trend that weve seen in the last couple decades of the manufacturing of semiconductors moving outside of the U.S. Lets bring it back to the U.S.

Tom Temin: Were speaking with Jason Oxman, president and CEO of the Information Technology Industry Council. Because you wonder if someone proposed a million-square-foot FAB somewhere in California, or in Washington state or even Texas for that matter how long such a thing would be tied up with environmental reviews and regulatory red tape, that is both federal, state and local.

Jason Oxman:And this partnership among all levels of government, with the federal government leading the way, is enormously important to addressing those kind of concerns. What weve in recent years is really industrial policy from other areas of the world China leading the way such that it becomes much more expensive to build a semiconductor manufacturing facility in the U.S. than outside of the U.S. for all of those reasons you mentioned, ranging from the time it takes to get the permitting to actual funding from government, to help secure the investing to tax credits that helped make it more economically viable to build those facilities. So other countries are doing this around the world. Hence, the reason that semiconductor manufacturing has moved outside of the U.S. If we can get the U.S. Innovation and Competition Act, and the CHIPS Act funding moved forward, signed into law by the president, we have a real opportunity to re-engage with the R&D, the tech talent and the manufacturing capability here in the U.S. Its going to have enormous economic benefits, its going to have enormous national security benefits we really need to get it done.

Tom Temin: And when you look at chip manufacturing, in some ways, its the final step in a long chain of suppliers Air Products, companies like that construction, all sorts of high tech semiconductor manufacturing equipment. And then of course, a semiconductor chip is the expression of millions and millions of lines of code etched into hardware. So theres all this software development. It seems like these could really be great economic engines.

Jason Oxman:No question. The semiconductor industry really is the backbone. Its the building block for everything. There is not a device on the market today that doesnt have semiconductors inside it, ranging from the phones that were talking on right now across the world, to artificial intelligence to supercomputers to cars and vacuum cleaners and everything in between. So no question these are the backbones they are the essential building block for every device thats manufactured. So we have an opportunity to increase the manufacturing capability. We really have the opportunity to build every industry thats built on top of semiconductors. So it has enormous spillover benefits for economic competitiveness.

Tom Temin: And the bill deals with more than simply semiconductors. Theres quantum computing, theres artificial intelligence, a whole string of things that would seem to create an ecosystem that seems to be ebbing at the moment in the country.

Jason Oxman:Its all of those things, its funding for all of those areas that you just mentioned. Its also a really important focus in this legislation, on training and trade and economic and manufacturing jobs, high-skilled jobs in the U.S. We need more high-skilled jobs and we need more high skilled workers. And retraining, reskilling is enormously important. But also STEM education to get people into these high-skilled jobs is important. So theres a lot of programs in the US innovation and Competition Act that would advance that as well. It really is an omnibus bill that looks at the global economic competitiveness of the United States, and takes concrete steps in a number of different areas, to build out capabilities that will help grow the U.S. economy and help the U.S. compete internationally.

Tom Temin: And do you ever think that perhaps this could also help some of the economically underprivileged, if you will, areas of the country that drive through large swaths of Appalachia, through the Rust Belt, Youngstown, Ohio; and parts of Indiana and states like that, where you see vast former factories, or gigantic sites that are nothing but you know, rubble at this point. It seems like theres a great opportunity for training people and building facilities where you already have open land that used to be a factory of long ago.

Jason Oxman:And the technology industry really has taken a lead in doing that. Companies like Intuit is one I think of that is invested in technology jobs in West Virginia in the middle of Appalachia and is creating hundreds of new jobs and retraining and reskilling people. And thats why the workforce components of the U.S. Innovation and Competition Act are so important because we do have an opportunity to transform areas of the country that have maybe seen their heyday with different types of manufacturing transform into high tech manufacturing. But it really is about the skilling of workers and also the STEM training and making sure that we make our STEM training start early enough and makes it attractive to people in areas that may not have had STEM training, starting in middle school, starting in elementary school, working through high school into associate degrees, making sure we dont view the four-year college degree as the only potential path to getting a good high-paying job. These are all provisions that are in the U.S. innovation and Competition Act and one of the reasons that the tech industry, which needs these workers, and has these jobs available, is so supportive of the legislation.

Tom Temin: And what is ITI doing to make sure this advances in the House at this point?

Jason Oxman:Well, we have worked hard to get it through the Senate and we were very pleased to see it passed the Senate with overwhelming bipartisan support. Now we need to move to the House. ITI and the tech industry that we represent, all 80 of our member companies that are global technology and innovation powerhouses are telling the story of how the U.S. Innovation and Competition Act will advance the U.S. economy, will help create great jobs and help move forward our economic competitiveness. Were telling that story in the House. Were there every day and meeting with folks and helping them understand the importance of this legislation, and were doing everything we can to move it forward.

Tom Temin: Jason Oxman is president and CEO of the Information Technology Industry Council. Thanks so much for joining me.

Jason Oxman: Thank you.

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Why industry supports the government's $110 billion bet on technology R&D - Federal News Network

6 July 2021

Quantum Blockchain Technologies Plc(QBT or the Company)

QBT To Use D-Waves Quantum Technologies In Cryptography Algorithms

Quantum Blockchain Technologies Plc (AIM: QBT), the UK Quantum Computing Cryptography and Artificial Intelligence research and development (R&D) and investment company, listed on the London Stock Exchanges AIM market, announces it will use the Leap quantum cloud service from D-Wave Systems Inc., the leader in quantum computing systems, software and services, to develop cryptography algorithms for crypto currency mining.

QBT will now be able to access D-Waves quantum-classical hybrid solvers, which leverage both quantum solutions and best-in-class classical algorithms to run large-scale business-critical problems. With real-time access to quantum computers via the cloud, QBT aims to transform classic computing cryptography algorithms, such as the one used for Bitcoin mining, in quantum computations, or quantum-classic hybrid computations.

QBTs quantum computing team is working on the Leap platform with the goal to exploit the speed of quantum computations, which can be, under the appropriate conditions, several order of magnitudes faster than a classic computer.

D-Waves new quantum computer, Advantage, includes more than 5,000 qubits and 15-way qubit connectivity. More qubits and richer connectivity provide programmers and businesses access to a larger, denser, and more powerful graph for building commercial quantum applications.

The hybrid solver services in the Leap platform combine the power of Advantage with classical resources, enabling businesses and developers to build, run and solve complex, large-scale business-critical problems with up to 1 million variables.

QBT has already created a team, which has started working on the conversion of optimised cryptographic algorithms, in order to make them suitable to run on D-Waves quantum system and quantum hybrid solvers.

Francesco Gardin, CEO and Executive Chairman of QBT, commented, QBT is delighted to work with the D-Wave team, which we believe will provide us with an alternative approach to the computation of cryptographic algorithms. We have selected what we believe is a major international consolidated player in the quantum computing market and we look forward to working with them during the first phase of the project. In particular, we are excited to have the benefit of utilising D-Waves Advantage quantum processor, with more than 5,000 qubits where we intend to develop our optimised cryptographic algorithms.

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Alan Baratz, CEO of D-Wave Systems Inc., commented, Bringing quantum computing to the world requires a robust ecosystem of developers and researchers, as well as forward-thinking businesses that are committed to building practical and applied quantum computing applications. QBT is a leader in developing new and disruptive approaches to blockchain technology an important innovation with the power to change the world.

For more information on D-Wave, please go to: https://www.dwavesys.com/quantum-computing

-ends-

For further information please contact:

Quantum Blockchain Technologies PlcFrancesco Gardin, CEO and Executive Chairman

+39 335 296573

SP Angel Corporate Finance(Nominated Adviser & Broker)Jeff Keating

+44 (0)20 3470 0470

Leander (Financial PR)Christian Taylor-Wilkinson

+44 (0) 7795 168 157

About Quantum Blockchain Technologies (AIM: QBT)

Quantums R&D focus is on Cryptography and AI using Quantum Computing, bringing together the most advanced classic computing technology, along with quantum computing and AI deep learning, to develop, among other things, a new and disruptive approach to blockchain technology, which includes cryptocurrencies mining and other advanced blockchain applications.

The Company has set up a team of international experts in the above sectors, as well as a computing infrastructure to support the development of the most advanced innovative solution based on the front-line IT technologies.

For further information, please visit, http://www.quantumblockchaintechnologies.co.uk

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Quantum Blockchain Technologies Plc - Working with D-Wave Systems - Yahoo Finance UK

Rigetti launched the multi-chip device with the objective of reaching 80 qubits later this year, up from the current 31 qubits supported by the company's Aspen processor.

Finding out how to pack as many high-quality qubits as possible on a single quantum processor is a challenge that still keeps most researchers scratching their heads but now quantum start-up Rigetti Computing has come up with a radically new approach to the problem.

Instead of focusing on increasing the size of a single quantum processor,Rigetti has linked up various smaller chips together to create, instead, a modular processor that still has a higher overall qubit count.

Describing the technology as the world's "first multi-chip quantum processor", the company launched the device with the objective of reaching 80 qubits later this year, up from the current 31 qubits supported by its Aspen processor.

By that time, the new quantum system will be available for Rigetti customers to use over the firm's Quantum Cloud Services platform.

"We've developed a fundamentally new approach to scaling quantum computers," said Chad Rigetti, the founder of Rigetti Computing. "Our proprietary innovations in chip design and manufacturing have unlocked what we believe is the fastest path to building the systems needed to run practical applications and error correction."

Like IBM and Google, Rigetti's quantum systems are based on superconducting qubits, which are mounted in arrays on a processor where they are coupled and controlled thanks to microwave pulses. Qubits are also connected to a resonator and associated wiring, which enables the system to encode, manipulate and read out quantum information.

Qubits come with special quantum properties that are expected to lend quantum computers unprecedented computational power. But for that to happen, processors will need to pack a significant number of qubits far more than they currently do.

For quantum computers to start generating very early value, experts anticipate that at least 1,000 qubits will be necessary; and a million qubits is often cited as the threshold for most useful applications. In contrast, the most powerful quantum processors currently support less than 100 qubits.

Scaling up the number of qubits sitting on a single processor, however, is difficult. This is mostly due to the fragility of qubits, which need to be kept in ultra-protected environments that are colder than outer space to ensure that they remain in their quantum state. More qubits on a chip, therefore, inevitably mean more potential for failure and lower manufacturing yields.

Instead, Rigetti proposes to connect several identical processors, such as those that the company is already capable of reliably manufacturing, into a large-scale quantum processor.

"This modular approach exponentially reduces manufacturing complexity and allows for accelerated, predictable scaling," said the company.

According to Rigetti, this will also enable future systems to scale in multiplicative ways, as individual chips increase their number of qubits, and new technologies enable more of these chips to be connected into larger processors.

With scale being a top priority for virtually every organization in the quantum ecosystem, Rigetti's new launch could well give the start-up a competitive advantage, even in an industry crowded with tech giants the likes of Google, IBM, Microsoft and Amazon.

IBM recently unveiled a roadmap for its quantum hardware thataims to built a 1,121-qubit device for release in 2023.

And smaller players are now emerging, often with the goal of exploring alternatives to superconducting qubits that might enable quantum computers to grow faster. UK start-up Quantum Motion, for instance,recently published the result of an experiment with qubits on silicon chips.

"There is a race to get from the tens of qubits that devices have today, to the thousands of qubits that future systems will require to solve real-world problems," said Amir Safavi-Naeini, assistant professor of applied physics at Stanford University. "Rigetti's modular approach demonstrates a very promising way of approaching these scales."

As demonstrated by Rigetti's latest announcement, new approaches, methods and technologies are constantly developing in the quantum ecosystem. It is unlikely that one clear way forward will stand out anytime soon.

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Quantum computing: This new approach could be the fastest path to real applications - ZDNet

Along Washington University in St. LouisJune 30, 2021

Jung-Tsung Shen, an associate professor of electrical systems engineering, has developed a deterministic and fidelity 2-bit quantum logic gate that utilizes a new form of light. This new logic gate is orders of magnitude more efficient than current technology. Credit: Jung-Tsung Shen

Until now, efficient 2-bit quantum logic gates have been out of reach.

A study at the McKelby Institute of Technology at Washington University in St. Louis found a missing part of the photon computing puzzle.

Jung-Tsung Shen, an associate professor at the Department of Electrical Systems Engineering, Preston M. Green, has developed a deterministic and fidelity 2-bit quantum logic gate that utilizes a new form of light. This new logic gate is orders of magnitude more efficient than current technology.

In the ideal case, fidelity can be as high as 97%, says Shen.

His study was published in the journal in May 2021 Physical Review A..

The potential of quantum computers is linked to the anomalous properties of superposition (the ability of a quantum system to contain many different properties or states at the same time) and entanglement (two particles that function in a non-classical correlation). I am. Manners despite being physically separated from each other.

When a voltage determines the value of a bit (1 or 0) in a classical computer, researchers often use individual electrons as qubits, which are quantum equivalents. Electrons have several properties that make them suitable for tasks. Electrons are easily manipulated and interact with each other by electric or magnetic fields. Interactions are useful when you need to entangle two bits. In other words, it reveals the wilderness of quantum mechanics.

But the tendency for them to interact is also a problem. Everything from stray magnetic fields to power lines affects electrons, which can make it difficult to truly control them.

However, for the past two decades, some scientists have tried to use photons as qubits instead of electrons. If computers have a real impact, we should consider using light to create a platform, says Shen.

The opposite problem can occur because photons are uncharged. Photons do not interact with the environment like electrons, but they do not. It was also difficult to design and create ad hoc (effective) photon interactions. Or so the traditional way of thinking went.

In less than a decade, scientists working on this issue seemed to have done so by measuring two photons when they exited, without having to get entangled when entering the logic gate. I found that I behaved in. A unique feature of measurement is another wild manifestation of quantum mechanics.

Quantum mechanics isnt difficult, but its full of surprises, Shen said.

The discovery of the measurements was groundbreaking, but not at all. This is because for every 1,000,000 photons, only one pair was intertwined. Researchers have been more successful since then, but Shen says, its still not enough for computers. Computers need to perform millions to billions of operations per second.

With the discovery of a new class of quantum photonic states, photonic dimers intertwined in both space and frequency, Shen was able to construct 2-bit quantum logic gates with such efficiency. His predictions of their existence were experimentally tested in 2013, and since then he has found this new form of use of light.

When a single photon enters a logic gate, nothing special happens it goes in and out. But if you have two photons, It was then that we predicted that they could create a new state, the photonic dimer. We found that this new state was important.

A fidelity 2-bit logic gate designed by Jung-Tsung Shen. Credit: Jung-Tsung Shen

Mathematically, there are many ways to design logic gates for 2-bit operations. These different designs are called equivalents. The specific logic gate designed by Shen and his research group is the control phase gate (or control Z gate). The main function of the control phase gate is to be in the negative state of two photons containing the two photons that come out.

On a classic circuit, there is no minus sign, Shen said. But in quantum computing, the minus sign exists and turns out to be important.

Quantum mechanics is not difficult, but it is full of surprises.

Jung Tsun Sheng

When two independent photons (representing two photon bits) enter the logic gate, the logic gate design allows the two photons to form a photonic dimer, Shen said. .. The new quantum photonic state has proved to be very important because it allows the output state to have the correct sign, which is essential for optical logical operations.

Shen has worked with the University of Michigan to test his design as a solid-state logic gate that can operate under moderate conditions. So far, he says, the results look positive.

Shen says this result is confusing to most people, but apparent as a day known to those in the know.

Its like a puzzle, he said. It can be complicated to do, but once you do it, a glance at it will tell you its right.

Reference: May 21, 2021, Two-photon control phase gate realized by photonic dimer by Zihao Chen, Yao Zhou, Jung-Tsung Shen, Pei-Cheng Ku, Duncan Steel Physical Review A..DOI: 10.1103 / PhysRevA.103.052610

This study is supported by the National Science Foundation and is numbered by ECCS. 1608049 and 1838996. This was also supported by the 2018 NSF Quantum Leap (RAISE) Awards.

The McKelby Institute of Technology at Washington University in St. Louis promotes independent research and education with an emphasis on scientific excellence, innovation, and borderless collaboration. McKelvey Engineering has top-ranked research and graduate programs across departments, especially in biomedical engineering, environmental engineering and computing, and has one of the countrys most selective undergraduate programs. With 140 full-time faculty members, 1,387 undergraduate students, 1,448 graduate students, and 21,000 alumni, we are working to solve some of the biggest challenges in society. Students become leaders and prepare to innovate throughout their careers. To catalyze economic development in the St. Louis region and beyond.

Missing Piece Discovered in the Puzzle of Optical Quantum Computing Source link Missing Piece Discovered in the Puzzle of Optical Quantum Computing

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Missing Piece Discovered in the Puzzle of Optical Quantum Computing - Californianewstimes.com

By Hilary Schmidt, International Banker

The proliferation of new technologies over the last decade or so has unleashed previously unimaginable insight into what the future may hold for businesses, customers and society as a whole. Digitally oriented companies, in particular, are already proving to be the ones adding value in our current global landscape. But as we move forward in the digital era, which technologies are the ones most likely to outperform? According to more than a few analysts, DARQ is the answer.

DARQ is an acronym for four specific technologies:

These technologies are being credited with massive game-changing potentialinitially by Accenture but now by a growing chorus of thought-leadersas they continue to transform many of the worlds most important industries and businesses as well as drive major shifts in customer experiences, business models and labour-input capabilities. Accenture stated in 2019 that DARQ technologies would drive the post-digital wave and enable innovation in such core aspects of business that they would become foundational for whatever comes after that. According to the consulting firm, 89 percent of businesses are already experimenting with one or more DARQ technologies and are expecting them to be key differentiators going forward.

Indeed, each DARQ technology is already having a hugely disruptive influence on a number of key industries. AI is having a visible impact on business models through such increasingly important applications as chatbots, search engines and a multitude of machine-learning (ML) use cases that are transforming the decision-making process. DLT is already making the need for third-party intermediaries redundant across a growing number of transactional business relationships. Immersive XR is transforming how we interact with the world around us and showing us what advancements are possible through experiencing virtual environments. And quantum computing, the least explored tech of the four, is strongly anticipated to dramatically expand computing power such that we will be able to solve many of the most challenging computational problems. Individually, each of these four technologies represents opportunities for businesses to differentiate their products and services. Collectively, they will open unimagined new pathways into the future, Accenture predicted.

Accenture likens DARQ to another set of four technologies that have also converged over a brief period of timesocial, mobile, analytics and cloud (SMAC)and have helped businesses to acquire deeper insights into their partners and consumers. Today, companies are looking at DARQ technologies as the next differentiator combination. As they mature and converge, Accenture expects they will allow businesses to build intelligent and highly customised experiences that help shape their customers, business partners and employees lives.

Healthcare provides an ideal example in this regard. According to the Accenture 2019 report Digital Health Technology Vision, virtually every health executive surveyed (94 percent of 221 respondents) believed emerging technologies accelerated the pace of innovation over the previous three years. That said, it would seem that healthcare employees were waiting for their organisations to catch up, with more than three-quarters (77 percent) of the reports respondents stating that their employees were more digitally mature than their organisations. As such, the report suggested that DARQ will be instrumental in initiating the required step-change for healthcare companies, with more than two-thirds (68 percent) of executives believing the four technologies will have a transformational or extensive impact on their organisations between 2019 and 2022. All four DARQ technologies are, or will be, powerful on their own, Accenture asserted, and they will act as complementary technologies by pushing each other forward such that even before they have reached full maturity, healthcare enterprises will be able to appreciate the value on the horizon.

DLTs will soon become integral to payments and identity management within the healthcare industry, with blockchains presence in insurance qualifications, patient identification and credentials verification growing all the time. AI is already underpinning much of the recent improvement being realised on the clinical and operational sides of healthcare; indeed, 41 percent of respondents in the Accenture report said AI would have the biggest effect on their organisational processes over the next three years. AI has perhaps the greatest number of emerging use cases in healthcare, the reports researchers noted. The constellation of artificial intelligence technologies is already having tremendous impact on labor, a substantial line item in healthcare. AI is used in contact centers, for payment activities, medical chart reviews, and it can help patients take part in self-service. XR, meanwhile, has already proven hugely transformational for the industry, with 38 percent of the healthcare organizations polled acknowledging that they had already deployed XR across at least one business unit. And although practical quantum-technology applications remain rare at this early stage, health systems will soon be using it to crunch complex data sets, such as DNA data, to enable more personalized medicine and interactions, Accenture predicted.

The DARQ technology market generated a revenue of $640 million in 2019, according to the DARQ Technology Market Forecast (2021 2026) report from market-research consultancy IndustryARC. And between 2020 and 2025, the research projected a compound annual growth rate (CAGR) of 16.5 percent. Artificial intelligence, a part of DARQ technology, has the highest market growth due to its wider applications adoption, the report explained. AI Technology is associated with human intelligence with similar characteristics such as language comprehension, reasoning, learning, problem-solving, and so on. Moreover, technological advancements lead to wider application of DARQ, thereby boosting the market growth.

Collectively, moreover, DARQ technologies will power the innovations and opportunities uniquely associated with the coming post-digital era, according to a paper from the International Journal of Engineering Research & Technology. As the business landscape transitions into a combination of digital natives and businesses well into their digital transformations, DARQ is the key that will open unimagined new pathways into the future, the papers authors from the Indian Institute of Information Technology and Management stated.

And as was the case with SMAC, when a set of powerful technologies converge, they can induce significant transformation. But as was the case with SMAC, there is a risk of waiting too long to capitalise on this transformational power. Accenture noted that many businesses ignored SMAC until they were forced to continuously play catch-up with digital-first businesses. Whether lowering the cost of care, improving labor productivity or enabling better experiences for consumers and partners, regardless of training or intent, DARQ potential runs deep. To take advantage of the transformational new capabilities that DARQ technologies will offer, payers and providers must explore the possibilities now, Accentures Digital Health Technology Vision advised. To avoid this mistake, Accenture explained that companies must begin exploring new capabilities as they arise, experimenting with combinatorial effects and using their digital foundations to launch meaningful and effective pilots. Leaders will be the ones best prepared to capitalize on the value of DARQ technologies as they progressively reach maturity. At this stage, every advantage counts.

As such, it seems that those businesses that are keen to be at the forefront of innovation going forward should look at the success of SMAC technologies and endeavour to replicate their impacts as much as possible. In practice, this is likely to mean engaging in various test projects, such as pilot programmes, launching start-ups and accelerators, and making strategic acquisitions. By exploring what DARQ can offerboth as individual technologies and as combinations of some or all fourbusinesses over the next decade and beyond can position themselves as pioneers in an increasingly competitive environment.

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Does a DARQ Future Await the World? - International Banker

Crdit Agricole CIB with European tech Pasqal and Multiverse Computing announced a partnership to design and implement new approaches running on classical and quantum computers to outperform state of the art algorithms for capital markets and risk management.

International companies and institutions have started investing heavily in quantum technologies. Europe launched the Quantum Flagship Plan in October 2018, and France recently announced a 1.8 billion investment plan.

Quantum computing is likely to profoundly impact multiple industries in the coming years, including finance. Finance has been making substantial use of algorithms requiring advanced mathematics and statistics so far; it is the turn of quantum physics to help solve quantitative financial problems. In addition, quantum theory and technology, assembled in Quantum Computing, start demonstrating promising applications in capital markets and risk management.

Crdit Agricole CIB has teamed up with two quantum technology companies to apply quantum computing to real-world finance applications. French company Pasqal is developing a quantum computer based on neutral atoms arrays, currently being trialled to build industrial quantum computers. Spanish company Multiverse Computing specialises in quantum algorithms which can run both on quantum and classical computers.

Georges-Olivier Reymond, CEO of Pasqal, said: I strongly believe in that partnership to foster the usage of quantum computing for Finance. To our knowledge, it is the first-ever in which all the stakeholders, software developer, hardware provider and end-user are working together on a problem. All the teams are very excited, and this development will be the cornerstone of future industrial applications for neutral atom quantum computers.

Enrique Lizaso, CEO of Multiverse Computing, said: We are thrilled with the opportunity of working together with Credit Agricole CIB and Pasqal in this ambitious project, that will put into production the most advanced tools currently only used in large non-financial institutions in US and China. This is a landmark project in Finance in the world.

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Crdit Agricole CIB partners with Pasqal and Multiverse Computing - IBS Intelligence

NEW YORK, June 28, 2021 /PRNewswire/ -- Zinnov, a global management and strategy consulting firm, announced that Prasamit Kalita, an expert in Digital Transformation, with more than 15 years of experience in the Banking & Financial Services and Insurance sector, has joined the firm's Digital Practice as an Emerging Tech leader. Prasamit is based out of New York and will be advising clients on their modern tech strategy, with a special focus on BFSI companies.

Adoption of emerging technologies such as Cloud, Quantum Computing, 5G, Cybersecurity, NLP, Blockchain, Big Data, etc., across nearly every vertical has increased in recent years as companies begin to understand the strategic business value of this emerging technology stack. To unsheathe true value, enterprises are channelizing investments to fully leverage Cloud, investing in 5G, as well as modern technologies such as Quantum Computing and Qubits. The decision on how much to invest, how to prioritize investments, leveraging technology and building relevant capabilities to create a defensible moat, are still aspects that enterprises are grappling with.

"As enterprises strengthen their positioning and ride the wave of disruptions, they are increasingly leveraging modern technologies such as Cloud, AI, IoT, Big Data, Security, etc., to truly become autonomous. This has further been catalyzed by COVID shining a spotlight on the criticality of future-proofing businesses to withstand external shocks to become truly antifragile. Prasamit's experience in the emerging tech space will be a critical asset as we empower our enterprise customers in their own technology evolution. We're thrilled to have him on the team." Praveen Bhadada, Managing Partner, Zinnov

"We are excited to have Prasamit join our expanding Digital Practice in the US. His exemplary track record in orchestrating Digital Transformation initiatives across Operations, Business Effectiveness, Intelligence, Corporate Risk Management, Legal, Compliance, and Governance disciplines, coupled with his expertise in partnering with business leaders, defining corporate strategy, building intelligence networks, and standardizing risk appetite strategy, will be key assets in helping our enterprise customers achieve their long-term scaling goals." Sean Bouani, Partner, Zinnov

Prasamit's expansive experience spans across verticals at global financial giant, Deutsche Bank; financial technology and media conglomerate, Thomson Reuters; global consulting firm, EY; and his latest stint as a sociopreneur at TPI. He has worked with CXOs and digital transformation leaders to implement various applications in his stint at Deutsche Bank and Thomson Reuters. Prasamit has collaborated and led both technical and business teams to design end-to-end digital solutions, delivering high value ROI to all stakeholders involved.

"I'm delighted to be joining Zinnov, given their rich insights, knowledge, and experience in the Emerging Tech space. Zinnov's remarkable reputation for being a customer-centric consulting firm that prides itself on delivering deep insights focused on business and technology ROI for its clients, was one of the biggest draws for me to join the company. I hope to continue that tradition as I work closely with Fortune 500 and enterprise customers to accelerate and optimize their portfolios in the emerging tech space to deliver long-term value in the United States." Prasamit Kalita, Principal, Zinnov

For an interview with Prasamit Kalita, please drop a note to [emailprotected].

About Zinnov

Founded in 2002, Zinnov is a global management consulting firm, with a presence across 4 continents. Zinnov has successfully delivered high value business transformation to 250+ Fortune 500 enterprises enabling them to accelerate their Digital Transformation outcomes by leveraging technologies such as Hyper Intelligent Automation (HIA), AI/ML, Cloud, IoT, etc.

Media ContactNitika GoelChief Marketing Officer Zinnov[emailprotected]

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Digital Transformation Expert Prasamit Kalita joins Zinnov in the firm's Digital Practice - PRNewswire