Category Archives: Quantum Computing

Quantum computers, you might have heard, are magical uber-machines that will soon cure cancer and global warming by trying all possible answers in different parallel universes. For 15 years, on my blog and elsewhere, Ive railed against this cartoonish vision, trying to explain what I see as the subtler but ironically even more fascinating truth. I approach this as a public service and almost my moral duty as a quantum computing researcher. Alas, the work feels Sisyphean: The cringeworthy hype about quantum computers has only increased over the years, as corporations and governments have invested billions, and as the technology has progressed to programmable 50-qubit devices that (on certain contrived benchmarks) really can give the worlds biggest supercomputers a run for their money. And just as in cryptocurrency, machine learning and other trendy fields, with money have come hucksters.

In reflective moments, though, I get it. The reality is that even if you removed all the bad incentives and the greed, quantum computing would still be hard to explain briefly and honestly without math. As the quantum computing pioneer Richard Feynman once said about the quantum electrodynamics work that won him the Nobel Prize, if it were possible to describe it in a few sentences, it wouldnt have been worth a Nobel Prize.

Not that thats stopped people from trying. Ever since Peter Shor discovered in 1994 that a quantum computer could break most of the encryption that protects transactions on the internet, excitement about the technology has been driven by more than just intellectual curiosity. Indeed, developments in the field typically get covered as business or technology stories rather than as science ones.

That would be fine if a business or technology reporter could truthfully tell readers, Look, theres all this deep quantum stuff under the hood, but all you need to understand is the bottom line: Physicists are on the verge of building faster computers that will revolutionize everything.

The trouble is that quantum computers will not revolutionize everything.

Yes, they might someday solve a few specific problems in minutes that (we think) would take longer than the age of the universe on classical computers. But there are many other important problems for which most experts think quantum computers will help only modestly, if at all. Also, while Google and others recently made credible claims that they had achieved contrived quantum speedups, this was only for specific, esoteric benchmarks (ones that I helped develop). A quantum computer thats big and reliable enough to outperform classical computers at practical applications like breaking cryptographic codes and simulating chemistry is likely still a long way off.

But how could a programmable computer be faster for only some problems? Do we know which ones? And what does a big and reliable quantum computer even mean in this context? To answer these questions we have to get into the deep stuff.

Lets start with quantum mechanics. (What could be deeper?) The concept of superposition is infamously hard to render in everyday words. So, not surprisingly, many writers opt for an easy way out: They say that superposition means both at once, so that a quantum bit, or qubit, is just a bit that can be both 0 and 1 at the same time, while a classical bit can be only one or the other. They go on to say that a quantum computer would achieve its speed by using qubits to try all possible solutions in superposition that is, at the same time, or in parallel.

This is what Ive come to think of as the fundamental misstep of quantum computing popularization, the one that leads to all the rest. From here its just a short hop to quantum computers quickly solving something like the traveling salesperson problem by trying all possible answers at once something almost all experts believe they wont be able to do.

The thing is, for a computer to be useful, at some point you need to look at it and read an output. But if you look at an equal superposition of all possible answers, the rules of quantum mechanics say youll just see and read a random answer. And if thats all you wanted, you couldve picked one yourself.

What superposition really means is complex linear combination. Here, we mean complex not in the sense of complicated but in the sense of a real plus an imaginary number, while linear combination means we add together different multiples of states. So a qubit is a bit that has a complex number called an amplitude attached to the possibility that its 0, and a different amplitude attached to the possibility that its 1. These amplitudes are closely related to probabilities, in that the further some outcomes amplitude is from zero, the larger the chance of seeing that outcome; more precisely, the probability equals the distance squared.

But amplitudes are not probabilities. They follow different rules. For example, if some contributions to an amplitude are positive and others are negative, then the contributions can interfere destructively and cancel each other out, so that the amplitude is zero and the corresponding outcome is never observed; likewise, they can interfere constructively and increase the likelihood of a given outcome. The goal in devising an algorithm for a quantum computer is to choreograph a pattern of constructive and destructive interference so that for each wrong answer the contributions to its amplitude cancel each other out, whereas for the right answer the contributions reinforce each other. If, and only if, you can arrange that, youll see the right answer with a large probability when you look. The tricky part is to do this without knowing the answer in advance, and faster than you could do it with a classical computer.

Twenty-seven years ago, Shor showed how to do all this for the problem of factoring integers, which breaks the widely used cryptographic codes underlying much of online commerce. We now know how to do it for some other problems, too, but only by exploiting the special mathematical structures in those problems. Its not just a matter of trying all possible answers at once.

Compounding the difficulty is that, if you want to talk honestly about quantum computing, then you also need the conceptual vocabulary of theoretical computer science. Im often asked how many times faster a quantum computer will be than todays computers. A million times? A billion?

This question misses the point of quantum computers, which is to achieve better scaling behavior, or running time as a function of n, the number of bits of input data. This could mean taking a problem where the best classical algorithm needs a number of steps that grows exponentially with n, and solving it using a number of steps that grows only as n2. In such cases, for small n, solving the problem with a quantum computer will actually be slower and more expensive than solving it classically. Its only as n grows that the quantum speedup first appears and then eventually comes to dominate.

But how can we know that theres no classical shortcut a conventional algorithm that would have similar scaling behavior to the quantum algorithms? Though typically ignored in popular accounts, this question is central to quantum algorithms research, where often the difficulty is not so much proving that a quantum computer can do something quickly, but convincingly arguing that a classical computer cant. Alas, it turns out to be staggeringly hard to prove that problems are hard, as illustrated by the famous P versus NP problem (which asks, roughly, whether every problem with quickly checkable solutions can also be quickly solved). This is not just an academic issue, a matter of dotting is: Over the past few decades, conjectured quantum speedups have repeatedly gone away when classical algorithms were found with similar performance.

Note that, after explaining all this, I still havent said a word about the practical difficulty of building quantum computers. The problem, in a word, is decoherence, which means unwanted interaction between a quantum computer and its environment nearby electric fields, warm objects, and other things that can record information about the qubits. This can result in premature measurement of the qubits, which collapses them down to classical bits that are either definitely 0 or definitely 1. The only known solution to this problem is quantum error correction: a scheme, proposed in the mid-1990s, that cleverly encodes each qubit of the quantum computation into the collective state of dozens or even thousands of physical qubits. But researchers are only now starting to make such error correction work in the real world, and actually putting it to use will take much longer. When you read about the latest experiment with 50 or 60 physical qubits, its important to understand that the qubits arent error-corrected. Until they are, we dont expect to be able to scale beyond a few hundred qubits.

Once someone understands these concepts, Id say theyre ready to start reading or possibly even writing an article on the latest claimed advance in quantum computing. Theyll know which questions to ask in the constant struggle to distinguish reality from hype. Understanding this stuff really is possible after all, it isnt rocket science; its just quantum computing!

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Why Is Quantum Computing So Hard to Explain - Quanta Magazine

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Honeywell International and Cambridge Quantum Computing are merging their fledgling quantum-computing businesses into a stand-alone company, signaling that quantum computing is just about ready for prime time.

The deal, essentially, combines Honeywells (ticker: HON) quantum hardware expertise with privately held Cambridges software and algorithms. It is as if the two had formed the Apple (AAPL) of the quantum computing world, in that Apple makes hardware, operating systems, and software applications.

This is an inflection point company that will drive the future of quantum computing, said Tony Uttley, currently the president of Honeywells quantum business. He will be president of the new company.

Honeywell says quantum computing can be a trillion-dollar-a-year industry some day, just like smartphones, although for now, the smartphone market is some 2,000 times bigger. Moving now, at the point before the gap begins to close, could be a win.

We are at a [industry] phase where people are looking to hear more about practical quantum use cases and investors want to know if this is investible, said Daniel Newman, founder of Futurum, a research and advisory firm focused on digital innovation and market-disrupting technologies.

This deal will speed the process of investor education. The new business is targeting $1 billion in annual revenue in the next two to four years. Wed be disappointed if we were only at a billion in a few years, said Ilyas Khan, Cambridges CEO and founder. He will be CEO of the new company, which he said will decide whether to pursue an initial public offering by the end of the year.

A name for the business has yet to be chosen.

The new company plans to have commercial products as soon as late 2021. The initial offerings will be in web security, with products such as unhackable passwords. Down the road, there are commercial applications in chemicals and drug development.

In terms of sheer brainpower the new enterprise is impressive. It will have about 350 employees, including 200 scientists, 120 of them with doctorate degrees.

The company will start off with a cash injection of about $300 million from Honeywell. The industrial giant will own about 54% of the new company for contributing its cash and technology.

Honeywell stock isnt reacting to the news. Quantum computing is still too small to move the needle for a $160 billion conglomerate. Shares were down slightly in early Tuesday trading, similar to moves in the S&P 500 and Dow Jones Industrial Average.

Year to date, Honeywell stock has gained 7%.

Write to Al Root at allen.root@dowjones.com

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Honeywell Takes Quantum Leap. The Apple of Quantum Computing Is Here. - Barron's

Amidst the houses and the car parks sits GCHQ, the Government Communications Headquarters, in this aerial photo taken on October 10, 2005.

David Goddard | Getty Images

LONDON A little-known U.K. company called Arqit is quietly preparing businesses and governments for what it sees as the next big threat to their cyber defenses: quantum computers.

It's still an incredibly young field of research, however some in the tech industry including the likes of Google, Microsoft and IBM believe quantum computing will become a reality in the next decade. And that could be worrying news for organizations' cyber security.

David Williams, co-founder and chairman of Arqit, says quantum computers will be several millions of times faster than classical computers, and would be able to break into one of the most widely-used methods of cryptography.

"The legacy encryption that we all use to keep our secrets safe is called PKI," or public-key infrastructure, Williams told CNBC in an interview. "It was invented in the 70s."

"PKI was originally designed to secure the communications of two computers," Williams added. "It wasn't designed for a hyper-connected world where there are a billion devices all over the world communicating in a complex round of interactions."

Arqit, which is planning to go public via a merger with a blank-check company, counts the likes of BT, Sumitomo Corporation, the British government and the European Space Agency as customers. Some of its team previously worked for GCHQ, the U.K. intelligence agency. The firm only recently came out of "stealth mode" a temporary state of secretness and its stock market listing couldn't be more timely.

The past month has seen a spate of devastating ransomware attacks on organizations from Colonial Pipeline, the largest fuel pipeline in the U.S., to JBS, the world's largest meatpacker.

Microsoft and several U.S. government agencies, meanwhile, were among those affected by an attack on IT firm SolarWinds. President Joe Biden recently signed an executive order aimed at ramping up U.S. cyber defenses.

Quantum computing aims to apply the principles of quantum physics a body of science that seeks to describe the world at the level of atoms and subatomic particles to computers.

Whereas today's computers use ones and zeroes to store information, a quantum computer relies on quantum bits, or qubits, which can consist of a combination of ones and zeroes simultaneously, something that's known in the field as superposition. These qubits can also be linked together through a phenomenon called entanglement.

Put simply, it means quantum computers are far more powerful than today's machines and are able to solve complex calculations much faster.

Kasper Rasmussen, associate professor of computer science at the University of Oxford, told CNBC that quantum computers are designed to do "certain very specific operations much faster than classical computers."

That it is not to say they'll be able to solve every task. "This is not a case of: 'This is a quantum computer, so it just runs whatever application you put on there much faster.' That's not the idea," Rasmussen said.

This could be a problem for modern encryption standards, according to experts.

"When you and I use PKI encryption, we do halves of a difficult math problem: prime factorisation," Williams told CNBC. "You give me a number and I work out what are the prime numbers to work out the new number. A classic computer can't break that but a quantum computer will."

Williams believes his company has found the solution. Instead of relying on public-key cryptography, Arqit sends out symmetric encryption keys long, random numbers via satellites, something it calls "quantum key distribution." Virgin Orbit, which invested in Arqit as part of its SPAC deal, plans to launch the satellites from Cornwall, England, by 2023.

Some experts say it will take some time before quantum computers finally arrive in a way that could pose a threat to existing cyber defenses. Rasmussen doesn't expect them to exist in any meaningful way for at least another 10 years. But he's not complacent.

"If we accept the fact that quantum computers will exist in 10 years, anyone with the foresight to record important conversations now might be in a position to decrypt them when quantum computers come about," Rasmussen said.

"Public-key cryptography is literally everywhere in our digitized world, from your bank card, to the way you connect to the internet, to your car key, to IOT (internet of things) devices," Ali Kaafarani, CEO and founder of cybersecurity start-up PQShield, told CNBC.

The U.S. Commerce Department's National Institute of Standards and Technology is looking to update its standards on cryptography to include what's known as post-quantum cryptography, algorithms that could be secure against an attack from a quantum computer.

Kaafarani expects NIST will decide on new standards by the end of 2021. But, he warns: "For me, the challenge is not the quantum threat and how can we build encryption methods that are secure. We solved that."

"The challenge now is how businesses need to prepare for the transition to the new standards," Kaafarani said. "Lessons from the past prove that it's too slow and takes years and decades to switch from one algorithm to another."

Williams thinks firms need to be ready now, adding that forming post-quantum algorithms that take public-key cryptography and make it "even more complex" are not the solution. He alluded to a report from NIST which noted challenges with post-quantum cryptographic solutions.

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With cyberattacks on the rise, organizations are already bracing for devastating quantum hacks - CNBC

Elevate your enterprise data technology and strategy at Transform 2021.

The U.K. government and IBM this week announced a five-year 210 million ($297.5 million) artificial intelligence (AI) and quantum computing collaboration, in the hopes of making new discoveries and developing sustainable technologies in fields ranging from life sciences to manufacturing.

The program will hire 60 scientists, as well as bringing in interns and students to work under the auspices of IBM Research and the U.K.s Science and Technology Facilities Council (STFC) at the Hartree Centre in Daresbury, Cheshire. The newly formed Hartree National Centre for Digital Innovation (HNCDI) will apply AI, high performance computing (HPC) and data analytics, quantum computing, and cloud technologies to advance research in areas like materials development and environmental sustainability, 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. They are exactly the kind of fields I want the U.K. to be leading in, U.K. Science Minister Amanda Solloway said.

The Hartree Centre was opened in 2012 by UK Research and Innovations STFC as an HPC, data analytics, and AI research facility. Its housed within Sci-Tech Daresburys laboratory for research in accelerator science, biomedicine, physics, chemistry, materials, engineering, computational science, and more.

The program is part of IBMs Discovery Accelerator initiative to accelerate discovery and innovation based on a convergence of advanced technologies at research centers like HNCDI, the company said. This will be IBMs first Discovery Accelerator research center in Europe.

As part of the HNCDI program, the STFC Hartree Center is joining over 150 global organizations, ranging from Fortune 500 companies to startups, with an IBM Hybrid Cloud-accessible connection to the IBM Quantum Network. The Quantum Network is the computing giants assembly of premium quantum computers and development tools. IBM will also provide access to its commercial and experimental AI products and tools for work in areas like material design, scaling and automation, supply chain logistics, and trusted AI applications, the company said.

IBM has been busy inking Discovery Accelerator deals with partners this year. The company last month made a $200 million investment in a 10-year joint project with the Grainger College of Engineering at the University of Illinois Urbana-Champaign (UIUC). As with the HNCDI in the U.K., the planned IBM-Illinois Discovery Accelerator Institute at UIUC will build out new research facilities and hire faculty and technicians.

Earlier this year, IBM announced a 10-year quantum computing collaboration with the Cleveland Clinic to build the computational foundation of the future Cleveland Clinic Global Center for Pathogen Research & Human Health. That project will see the installation of the first U.S.-based on-premises, private sector IBM Quantum System One, the company said. In the coming years, IBM also plans to install one of its first next-generation 1,000+ qubit quantum systems at another Cleveland client site.

The pandemic added urgency to the task of harnessing quantum computing, AI, and other cutting-edge technologies to help solve medicines most pressing problems, IBM chair and CEO Arvind Krishna said in March at the time of the Cleveland Clinic announcement.

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

At the same time, science is experiencing a change of its own with high-performance computing, hybrid cloud, data, AI, and quantum computing being used in new ways to break through long-standing bottlenecks in scientific discovery. Our new collaboration with Cleveland Clinic will combine their world-renowned expertise in health care and life sciences with IBMs next-generation technologies to make scientific discovery faster and the scope of that discovery larger than ever, Krishna said.

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IBM partners with U.K. on $300M quantum computing research initiative - VentureBeat

Over the past six years, quantum science has noticeably shifted, from the domain of physicists concerned with learning about the universe on extremely small scales, to a source of new technologies we all might use for practical purposes. These technologies make use of quantum properties of single atoms or particles of light. They include sensors, communication networks, and computers.

Quantum technologies are expected to impact many aspects of our society, including health care, financial services, defence, weather modelling, and cyber security. Clearly, they promise exciting benefits. Yet the history of technology development shows we cannot simply assume new tools and systems will automatically be in the public interest.

We must look ahead to what a quantum society might entail and how the quantum design choices made today might impact how we live in the near future. The deployment of artificial intelligence and machine learning over the past few years provides a compelling example of why this is necessary.

Lets consider an example. Quantum computers are perhaps the best-known quantum technology, with companies like Google and IBM competing to achieve quantum computation. The advantage of quantum computers lies in their ability to tackle incredibly complex tasks that would take a normal computer millions of years. One such task is simulating molecules behaviour to improve predictions about the properties of prospective new drugs and accelerate their development.

One conundrum posed by quantum computing is the sheer expense of investing in the physical infrastructure of the technology. This means ownership will likely be concentrated among the wealthiest countries and corporations. In turn, this could worsen uneven power distribution enabled by technology.

Other considerations for this particular type of quantum technology include concerns about reduced online privacy.

How do we stop ourselves blundering into a quantum age without due forethought? How do we tackle the societal problems posed by quantum technologies, while nations and companies race to develop them?

Last year, CSIRO released a roadmap that included a call for quantum stakeholders to explore and address social risks. An example of how we might proceed with this has begun at the World Economic Forum (WEF). The WEF is convening experts from industry, policy-making, and research to promote safe and secure quantum technologies by establishing an agreed set of ethical principles for quantum computing.

Australia should draw on such initiatives to ensure the quantum technologies we develop work for the public good. We need to diversify the people involved in quantum technologies in terms of the types of expertise employed and the social contexts we work from so we dont reproduce and amplify existing problems or create new ones.

Read more: Scientists want to build trust in science and technology. The alternative is too risky to contemplate

While we work to shape the impacts of individual quantum technologies, we should also review the language used to describe this second quantum revolution.

The rationale most commonly used to advocate for the field narrowly imagines public benefit of quantum technologies in terms of economic gain and competition between nations and corporations. But framing this as a race to develop quantum technologies means prioritising urgency, commercial interests and national security at the expense of more civic-minded concerns.

Its still early enough to do something about the challenges posed by quantum technologies. Its also not all doom and gloom, with a variety of initiatives and national research and development policies setting out to tackle these problems before they are set in stone.

We need discussions involving a cross-section of society on the potential impacts of quantum technologies on society. This process should clarify societal expectations for the emerging quantum technology sector and inform any national quantum initiative in Australia.

Read more: Why are scientists so excited about a recently claimed quantum computing milestone?

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The 'second quantum revolution' is almost here. We need to make sure it benefits the many, not the few - The Conversation AU

Modern-day complex problems require power-packed technological solutions to revamp industrial growth. UK government is stepping into helping industries get maximum access to the latest technology and modernising by establishing an AI and quantum computing centre in Daresbury, Cheshire.

The government will invest 172m over five years through UK Research and Innovation (UKRI) with a further investment of 38m from computing giant IBM. The centre is now aimed at developing next-generation computers using AI and quantum computing technologies to help out the businesses future-ready.

The Centre will be operated through collaboration between IBM and the Science and Technology Facilities Council (STFC). The Hartree National Centre for Digital Innovation (HNCDI) programme will create 60 new job and exciting opportunities for students to witness complex problem solving through technology application.

Further, the centre will support AI & Quantum Computing application to tasks such as optimising complex logistics, power grid distribution, designing and manufacturing, traffic management, warehouse management and product innovation.

HNCDI will work with different sectors, including materials, life sciences, environment and manufacturing. It will also engage in collaboration with academic and industrial research communities, startups as well as small and medium-sized enterprises (SMEs).

Ms Solloway, the science minister said quantum computing and AI were not just far-fetched ideas, but real technologies that are already transforming our lives. Artificial intelligence and quantum computing have the potential to revolutionise everything from the way we travel to the way we shop. The building blocks of everyday products like your laptop or your phone are already products of quantum technology, harnessing the unique ways that light and matter behave at tiny atomic or subatomic levels.

Further, she added, This fantastic new partnership with IBM will not only help businesses get ready for the future of computing but create 60 jobs in the region boosting innovation and growing the economy as we build back better from the pandemic.

A spokesman for the Department for Business, Energy and Industrial Strategy said the centres aim was to make cutting-edge technologies like AI and quantum computing more accessible to businesses and public sector organisations.

As well as breaking down practical barriers to using new technologies, the team of experts will also provide training and support to make sure the UK is at the forefront of the next generation of computing, he added.

Prof Mark Thomson, STFCs executive chairman said that by allowing industry to access a ready-made community of digital experts and cutting-edge technology, it will provide momentum for new ideas and solutions.

This programme has the potential to transform the way UK industry engages with AI and digital technologies, to the benefit of not just research communities but all of society.

Senior VP and Director of IBM Research, Mr Dario Gil said that This partnership establishes our first Discovery Accelerator in Europe driven by our two UK-based IBM Research locations in Hursley and Daresbury as they contribute to our global mission of building discovery-driven communities around the world.

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UK govt and IBM together to build 210M AI & quantum computing centre in Daresbury - UKTN (UK Technology News

The global quantum computing industry is projected to surge from 2020 to 2027 due to the rise in the number of cyber-attacks across the world. Consulting solutions sub-segment is estimated to be the most profitable. The European market is estimated to be the most dominating during the forecasted period.

New York, USA, June 07, 2021 (GLOBE NEWSWIRE) -- According to a recent report studied by Research Dive, the global quantum computing market is speculated to exceed $667.3 million by the end of 2027, rising from a market size of $88.2 million in 2019, at a growth rate of 30.0% during 2020-2027 estimated timeframe. The report highlights the coronavirus mayhem impact on the market, major drivers, hindrances, and regional outlook of the market. The research methodology used in the report is a combination of both primary and secondary research methods.

Download FREE Sample Report of the Global Quantum Computing Market: https://www.researchdive.com/download-sample/8332

Covid-19 Outbreak Impact on the Global Market

The quantum computing market is anticipated to experience a positive impact globally during the coronavirus crises. The reason for market growth is that quantum technology offers augmented performance computing that can shift dynamics for quantum chemistry. Further, quantum technology provides exponential speed for amplified optimization and vital calculations. These facets are predicted to govern the market growth during the coronavirus emergency.

Check out How COVID-19 impacts the Global Quantum Computing Market. Click here to Connect with our Analyst to get more Market Insight: https://www.researchdive.com/connect-to-analyst/8332

Aspects Impacting the Market

The global quantum computing market is projected to witness progressive growth due to rise in the cyber-attack cases. Quantum technology assures security to software systems and applications and protects vital data of organizations from attacks such as ransomware, phishing, worms, and much more. Furthermore, key companies of the market are planning strategic frameworks by utilizing quantum personal computers for cyber-security. These aspects are anticipated to surge the market growth during the forecasted timeframe. However, a lack of awareness of quantum technology and unskilled employees is expected to hinder the market growth. On the other hand, the ability of quantum technology to aid farmers in augmenting the yield and efficiency of plants is projected to create promising opportunities for the market growth.

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Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Consulting Solutions Sub-Segment to be the Most Profitable

From the offerings type segment, the consulting solutions sub-segment is anticipated to reach newer heights during the timeframe. The sub-segment is expected to register a revenue of $354.0 million by the end of the 2027 timeframe. The sub-segment upsurge is due to the usage of quantum computing in applications such as drug discovery, formulation of chemicals, material science, and automotive. Apart from this, it is also used in the chemical industry, aerospace & defense, healthcare, and energy & power sectors. These wide-scale applications are speculated to bolster the growth of the sub-segment during the forecasted years.

Check out all Information and communication technology & media Industry Reports: https://www.researchdive.com/information-and-communication-technology-and-media

Machine Learning Sub-Segment to Gain Maximum Revenue

From the application segment, the machine learning sub-segment is projected to achieve maximum revenue during the forecasted timeframe. The sub-segment is anticipated to cross $236.9 million by the end of 2027, rising from a market share of $29.7 million in the year 2019. The ability of quantum learning to accelerate machine learning such as optimization, deep learning, Kernel evaluation, and linear algebra is expected to propel the sub-segment market growth during the analyzed timeframe.

Finance & Banking Sub-Segment to Witness Rapid Growth

From the end-user segment, the finance & banking sub-division is speculated to grow rapidly and register a revenue of $159.2 million by 2027. The sub-segment growth is due to the usage of quantum technology in banking for supporting the large-frequency trading aspect.

Regional Outlook

The European market was expected to hold a market size of $28.2 million in 2019 and is speculated to garner a revenue of $221.2 million by the end of 2027. The market growth is mainly attributed to the extensive use of quantum computing in fields such as chemicals, healthcare, pharmaceuticals, and utilities. Moreover, its usage in cryptography, novel drugs, defense, and cybersecurity is predicted to drive the global market during the estimated timeframe.

Major Key Players

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 leading players are planning varied strategies such as acquisitions of companies, product developments, tie-ups & collaborations for maximizing profits, research & development, and organizational development to gain an upper edge in the market worldwide. For example, in April 2021, Nvidia, a computer systems design services company, revealed cuQuantum SDK. This product is a developmental platform for revitalizing quantum circuits on GPU-accelerated systems.

The report consists of various facets of all the vital players that are operative in the market such as financial performance, product portfolio, present strategic moves, major developments and SWOT. Click Here to Get Absolute Top Companies Development Strategies Summary Report.

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Global Quantum Computing Market to Gain $667.3 Million and Surge at a CAGR of 30.0% from 2020-2027 Timeframe - Exclusive [193 pages] COVID-19 Impact...

Quantum computing are being used in computationally intensive applications such as artificial intelligence. Quantum machine learning (QML) is a combination of machine learning and quantum physics. Alphabet Inc. launched TensorFlow Quantum library in March 2020 for developing QML apps. Researchers at Pennsylvania State University are using QML for developing COVID-19 treatment. These applications will drive the quantum computing technologies market in future. From the healthcare perspective, quantum computing technologies can lead to dramatic acceleration in speed and performance both. Radiation therapy is the widely-used form of treatment for oncology. Radiation beams are used to destroy cancerous cells. Devising a radiation plan is to minimize damage to surrounding healthy tissue and body parts is a very complicated optimization problem with thousands of data. To arrive at the optimal radiation plan requires many simulations until an optimal solution is determined. The horizon of possibilities that can be considered between each simulation is much broader and large in nature. Such a factor is expected to boost the overall market growth.

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The detailed research study provides qualitative and quantitative analysis of quantum computing technologies market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Find the reason for the Rise of Global Quantum Computing Technologies Market Growth in Future will grow to at CAGR 15.89% from 2020 to 2027 The...

The quantum computing industry witnessed exponential growth over recent years. As a result, the threat of quantum attacks on our communications is rapidly approaching a point when quantum computers will be able to crack all the existing encryption that protects our data.

Bristol-based KETS Quantum Security is a quantum tech company passionate about solving real-world security issues by leveraging the advantages of quantum technologies.

Redefining the Future of Secure Communications, the company just bagged 3.1 million in funding to bring to market hardware to protect data from a new generation of cyberattacks that will use quantum computers. The round was co-led by Quantonation and Speedinvest, with participation from Mustard Seed MAZE.

The investment will be used to accelerate development, production, and delivery of first products. It will also allow KETS to expand key first trials of the technology in real-world applications and environments that are already in development. To deliver all of this, KETS will continue building a world-leading team passionate about the companys technology and values. Furthermore, KETS will continue to expand into the global marketplace beyond its first international office following its recent expansion into Paris.

In todays world, we dont go 30 seconds without touching digital technology of some kind, all of which is networked, none of which is quantum-safe, said Dr Chris Erven, CEO and co-founder of KETS Quantum Security. At KETS, weve made it our mission to protect the worlds most valuable resourceinformationfrom the threat of quantum computing. This investment will allow us to make quantum-safe communications solutions ubiquitous and easily integrated. Ultimately, KETS is building a world in which we can trust our digital connections as much as our personal ones.

Olivier Tonneau from Quantonation said, KETS is reaching a key point in its story, with products that will now be available to deploy, bringing clients the worlds first on-chip, quantum-secured solutions protecting against the future threat of quantum computers.

Rick Hao from Speedinvest said, KETS is developing technology with a vision to solve some of the global cybersecurity challenges faced by the largest organisations by combining the power of quantum encryption technologies with the scalability and practicality of integrated, chip-based quantum photonics. Bristol is leading the world on building quantum technology hardware, and Speedinvest is excited to be backing great deep tech entrepreneurs here.

Current cybersecurity is threatened by powerful hardware, sophisticated algorithms and the emergence of quantum computing. KETS on-chip Quantum Key Distribution offers a practical solution by optically distributing secure cryptographic keys. Secret random numbers are at the heart of cryptography. Inferior generators can render communications insecure.

Established in 2016 by Chris Erven, Caroline Clark, and Jake Kennard, KETS Quantum Security develops a unique chip-based solutions provide ultra-low size power and weight without compromising performance. It develops protection against quantum security threats, starting with chip-based, quantum-safe encryption development kits.

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Bristol startup scores 3.1M to control next-gen quantum hacks threatening the future of internet - UKTN (UK Technology News

TheScience and Technology FacilitiesCouncilhas announced a 210 million deal with IBM to acceleratediscovery and innovation with artificial intelligence and quantum computing.

Science Minister Amanda Solloway unveiledthefive-year partnershipwhich will see the launch oftheHartree National Centre for Digital Innovation in theNorth Westtosupport UK businesses and the public sector.

The aim is tobreak down practical barriers to innovation such as access to infrastructure or digital skills gaps within organisationsin sectors such asmaterials development, life sciences, environmental sustainability and manufacturing.

By advancing the pace at which businesses can take advantage of new digital technologies, the collaborationis expected toenhance productivity, create new skilled jobs and boost regional and national economic growth.

Based in Daresbury, an additional 60 new scientists, interns and students will join IBM Research and the Hartree Centre.

The research is part of IBMs global Discovery Accelerator initiative, which seeks to accelerate discovery and innovation based on a convergence of advanced technologies by establishing research centres, fostering and enabling collaborative communities, and advancing skills and economic growth in large-scale programs.

Artificial intelligence and quantum computing have the potential to revolutionise everything from the way we travel to the way we shop,saidSolloway.

They are exactly the kind of fields I want the UK to be leading in, and this new centre in theNorth Westis a big step towards that.

Thanks to this fantastic new partnership with IBM, British businesses will have access to the kind of infrastructure and expertise that will help them boost innovation and grow the economy.

The HNCDI programme will support several industry projects to accelerate the adoption of advanced digital technologies with UK companies of various sizes.

HNCDI will enable the UK to develop the skills, knowledge and technical capability required to adopt emerging digital technologies, seeding the UK with new ideas and innovative solutions, said Professor Mark Thomson, Executive Chair of STFC Hartree Centre.

The programme has transformative potential to generate long-term GVA for the economy by embedding AI solutions across the UK industry.

We are applying knowledge from the UKs strong fundamental research base to develop tools and techniques that address identified industry and public sector needs, improving economic and societal outcomes.

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STFC and IBM sign 210m AI and quantum computing deal - BusinessCloud