Category Archives: Quantum Computing

Green plants depend on a three billion year old technology. But viewed through the lens of human ... [+] technology, photosynthesis is a failure only about 1% efficient. Why on earth is it green?

If humans designed plants, theyd be black, and they would completely transform our world.

Green plants depend on a three billion year old technology. Everyone you have ever met, and everything you have ever eaten, exists because of oxygenic photosynthesis. But viewed through the lens of human technology, photosynthesis is a failure only about 1% efficient. Why on earth is it green? Most of the energy in sunlight is in that part of the spectrum. Why do plants reflect and waste those photons?

The Purple Earth Hypothesis suggests that plants are green because of a three-million-year-old evolutionary battle royale between retinal (a light-sensitive chemical that is allowing you to read this sentence) and chlorophyll. Ancient Haloarchaea organisms used retinal to harvest the green-yellow energy-rich region of the solar spectrum. That strategy was a roaring success. They dominated the oceans, turning them purple. Cyanobacteria evolved chlorophyll and managed to survive on the scraps of red and blue photons that fell from Haloarchaeas table, until the toxic oxygen that the Cyanobacteria produced slaughtered the Haloarchaea and other anaerobic life. Thus, the Cyanobacteria terraformed the oxygen-rich world that allows us to exist.

Our lives depend on a two-and-a-half-billion-year-old grudge match that just happened to work out in our favor. If we continue terraforming our world by deriving 80% of our energy from fossil fuels, we are headed the way of Haloarchaea.

We hardly understand most natural technologies, like photosynthesis, that support our modern lives. We cannot simulate photosynthesis on a classical computer. We dont really understand how it works, nor can we create an artificial version that is anywhere near as good at turning sunlight into the most efficient form of energy storage chemical bonds.

The fact is that humans exist at the grace of a suboptimal three-billion-year-old hack. And we've created an environment where all of it, including ourselves, is threatened. Photosynthesis is but one example of many natural technologies that are beyond value, something that we must learn lessons from, and then move beyond if we are going to survive.

The good news is that this is within our grasp. Were finally building machines that actually use the quantum nature of the physical universe. Were on the cusp of deploying quantum computers to tackle the very mechanism of capturing light and turning it into useful energy. Photosynthesizing plants do this with the help of a complex enzyme called RuBisCO. But RuBisCO evolved very early on in a carbon-rich atmosphere, and now that plants exist on an oxygen-rich earth an environment that supports animals like us the chemical pathway that RuBisCO kicks off is actually relatively wasteful.

A quantum computer could help us design new catalysts or enzymes, a simpler protein that could be orders of magnitude simpler than RuBisCO and more efficient in taking the energy of a photon and putting it into a chemical bond. Perhaps quantum computing will lead to an RNA-based, self-replicating molecule that we could carpet on ponds to sequester carbon dioxide directly out of the air and produce protein and carbohydrates for food carbon nanotubes, even. Perhaps we could set it to work to create ammonia directly from sunlight and air producing green fertilizer or a versatile and entirely new fuel to store and transport renewable energy liquid sunshine.

It's not as impossible as it sounds. Making this quantum leap is not so different from any other leap that humans have made, like the one we made over a century ago into the air. When it came to creating aircraft, we didn't copy birds. Birds are infinitely more complex than a 787, birds have feathers, metabolism, beaks etc. Yet 787s fly and have significantly more overhead luggage space. Artificial photosynthesis could be immeasurably simpler than its natural counterpart, and much more efficient once it shrugs off the technical debt of its evolution.

This may sound far-fetched, but the reality of building a better photosynthesizing catalyst with the help of quantum computers is closer than most believe. Step one is to develop tooling and algorithmic approaches. We need to know what problems we want answered, and we need to cast them in a form that can have quantum advantage, that makes them uniquely facile for quantum computers to tackle. These steps are already well-underway in academia, but increasingly in industry and at quantum-focused software startups.

At least one company has been quietly developing the underlying technology to create a large-scale practical quantum computer. By leveraging the trillions of dollars that have been previously invested in semiconductors and telecommunications technologies they are approaching their goal. In my estimation, theyre only a handful of years away from having a useful, fault tolerant quantum computer capable of designing the catalysts required to make various forms of artificial photosynthesis a reality.

Many Fortune 50 companies are already making investments in quantum algorithms and applications, and several are collaborating with the emerging hardware makers on applications across pharma, materials, chemistry and finance. If you want to dip your toe in the quantum pond, and get a sense of what it is like to develop algorithms and run software on a quantum computer, I might suggest an approachable 300-plus page primer on how to kick-start a new computing revolution.

Progressing from the current published state-of-the-art with ~100 physical qubit machines to truly powerful machines with millions or billions of physical qubits will be like moving from a doghouse to a cathedral. There are any number of ways you can take a pile of wood and a bunch of nails and bang together a shed for Snoopy, but to build Notre-Dame de Paris you need more sophisticated engineering and architectureflying buttresses and vaulted ceilings, etc. While it seems we only have a few doghouses at the moment, quantum cathedrals and skyscrapers are much closer than most people realize.

But I do think it is a human imperative, that if we are going to spend money on technology, quantum computing is the singular place to put it. Facing climate change and other great challenges without it is somewhere between perilous and catastrophic.

We need to put aside our caveman tools of digging and burning. By embracing new tools that allow us to understand and orchestrate the beautiful quantum strangeness of nature, we can live equitably on this planet without relying on rapacious and disastrous consumption of resources. We can produce all the stuff we need to be fed and comfortable and wealthy, without making this place a dump. And with the tools to understand and re-imagine natures technology, we just might make it happen.

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What Does Nature Think Of Human Technology? - Forbes

Gillian Tan(Bloomberg) --IonQ is in advanced talks to merge with blank-check company DMY Technology Group Inc. III, according to people with knowledge of the matter, creating one of the first public quantum-computing firms.

The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks, said one of the people, who asked not to be identified because the matter is private. Silver Lake, MSD Partners, Bill Gatess Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a so-called strategic private investment in public equity, or PIPE.

Related: Data Center Provider Cyxtera to Go Public Via $3.4B Starboard SPAC Deal

Shares of the SPAC surged 15% at 10:24 a.m. in New York.

DMY Technology is discussing raising additional equity from institutional investors, and new equity from strategic and institutional investors is set to total around $300 million, one of the people said. Existing IonQ investors are expected to roll their equity into the transaction, according to one of the people.

Related: Quantum Teleportation Makes Progress, But Toward What?

As with any deal that hasnt been finalized, its possible terms change or talks fall apart. Representatives for IonQ and DMY declined to comment, as did spokesmen for Silver Lake and MSD Partners. Representatives of Hyundai and Breakthrough Energy Ventures didnt immediately respond to requests for comment.

The SPAC, led by Chairman Harry You and Chief Executive Officer Niccolo De Masi, raised $300 million in November and said at the time it would pursue a target in consumer technology.

College Park, Maryland-based IonQ was founded in 2015 by Chris Monroe and Jungsang Kim and is led by CEO Peter Chapman. Its investors include AmazonWebServices, Samsung Catalyst Fund, GV (formerly known as Google Ventures), NEA, Lockheed Martin Corp., Airbus Ventures and Robert Bosch Venture Capital GmbH. IonQ in October unveiled what it describes as the worlds most powerful quantum computer.

Quantum has long been touted as the next frontier in technology. Such computers would be capable of simulating and understanding phenomena in the natural world instantly and providing the basis for systems that are unhackable. Intel Corp. and Microsoft Corp., among other companies, are also working to advance quantum computing. The technology also has potential implications for producing new materials or creating new drugs.

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Quantum Computing Startup IonQ in Talks to Go Public Through Merger with DMY SPAC - Data Center Knowledge

LEESBURG, Va., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTCQB: QUBT) (QCI), a leader in bridging the power of classical and quantum computing, has appointed finance and capital markets industry leader, Robert B. Fagenson, to serve on the companys board of directors and as chair of its audit committee.

Following his appointment, QCIs board now has five directors with three serving independently. The appointment advances the company toward satisfying the requirements of its application to list its shares on the Nasdaq Capital Market.

Fagenson brings to QCI over 50 years of executive leadership experience, with a deep understanding of public company governance gained from having served most of his career in senior positions at the New York Stock Exchange (NYSE) and as head of other leading capital market organizations.

Since 2014, Fagenson has held various executive positions including chairman, executive vice chairman and CEO, and is presently the non-executive vice chairman of National Holdings Corporation (NASDAQ: NHLD), a leading full-service investment banking and asset management firm with subsidiaries that include National Securities Corporation, founded in 1947.

Fagenson is also the chairman, president and CEO of Fagenson & Co., which for 50 years has been engaged in institutional brokerage, investment banking and money management.

Fagenson spent the early part of his career at the NYSE, where he was the managing partner of one of the largest specialist firms operating on the trading floor. As a member of the NYSE, he served as a floor governor. He was elected to the NYSE board of directors in 1993 and eventually served as vice chairman for several years.

The QCI team is fortunate to have Robert, a corporate leader of tremendous stature and experience, join the board of directors at this pivotal moment in the companys growth, stated QCI chairman, president and CEO, Robert Liscouski. His extraordinary executive and governance experience brings us invaluable knowledge, insights and relationships in the worlds of business, finance and the capital markets.

As our new board member and audit committee chair, he will help guide our financial and operational development as we focus on scaling our business and pursuing the many growth opportunities ahead in the rapidly evolving quantum space.

As an early investor in the company, I have come to admire QCIs exceptional leadership and technical teams, and appreciate the tremendous shareholder value they have created with their groundbreaking software for quantum computing, said Fagenson. Im excited to now become a greater part of its journey toward growth and success, and especially as businesses, including many in the capital markets, are now increasingly looking to quantum computing to solve many of their most challenging operational problems.

Fagenson is also on the boards of several non-profit organizations, including Sports & Arts in Schools Foundation, Federal Law Enforcement Officers Association Foundation, National Organization of Investment Professionals, and the Conservation Committee of MOMA.

He received his B.S. degree in Transportation Sciences and Finance from Syracuse University, and serves on the alumni boards of the universitys Whitman School of Business and SU Athletics.

As the first and still only public pure-play quantum computing software company, QCI has introduced the first commercially available software that delivers superior performance by bridging the respective strengths of classical and quantum computing.

QCI recently announced the commercial availability of its proprietary Qatalyst, a first of its kind quantum application accelerator. Qatalyst eliminates the expensive and complex programming of new quantum workflows and allows businesses to reap the performance benefits of quantum techniques without the need to master quantum programming. To learn more about how Qatalyst can deliver results for your business, go to quantumcomputinginc.com.

About Quantum Computing Inc.Quantum Computing Inc. (QCI) is focused on accelerating the value of quantum computing for real-world business solutions. The company has developed the first software to bridge the power of classical and quantum computing, hiding complexity and empowering subject matter experts (SMEs) to solve complex computational problems. QCIs expert team in finance, computing, security, mathematics and physics with years of experience with complex technologies, from leading edge supercomputing innovations, to massively parallel programming and cyber security that protects nations. For more information about QCI, visit http://www.quantumcomputinginc.com.

Important Cautions Regarding Forward-Looking StatementsThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing (Company), and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," aim to, or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in the Companys Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Companys filings with the SEC.

Qatalyst is a trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company Contact:Robert Liscouski, CEOQuantum Computing, Inc.+1 (703) 436-2161info@quantumcomputinginc.com

Investor Relations Contact:Ron Both or Grant StudeCMA Investor Relations+1 (949) 432-7566Email Contact

Media Relations Contact:Seth MenackerFusion Public Relations+1 (201) 638-7561qci@fusionpr.com

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Quantum Computing Inc. Appoints Robert B. Fagenson, National Holdings Vice Chairman and Former NYSE Floor Governor and Vice Chairman, to its Board of...

The Colorado Economic Development Commission normally doesnt throw its weight behind unproven startups, but it did so on Thursday, approving $2.9 million in state job growth incentive tax credits to try and land a manufacturing plant that will produce hardware for quantum computers.

Given the broad applications and catalytic benefits that this companys technology could bring, retaining this company would help position Colorado as an industry leader in next-generation and quantum computing, Michelle Hadwiger, the deputy director of the Colorado Office of Economic Development & International Trade, told commissioners.

Project Quantum, the codename for the Denver-based startup, is looking to create up to 726 new full-time jobs in the state. Most of the positions would staff a new facility making components for quantum computers, an emerging technology expected to increase computing power and speed exponentially and transform the global economy as well as society as a whole.

The jobs would carry an average annual wage of $103,329, below the wages other technology employers seeking incentives from the state have provided, but above the average annual wage of any Colorado county. Hadwiger said the company is also considering Illinois, Ohio and New York for the new plant and headquarters.

Quantum computing is going to be as important to the next 30 years of technology as the internet was to the past 30 years, said the companys CEO, who only provided his first name Corban.

He added that he loves Colorado and doesnt want to see it surpassed by states like Washington, New York and Illinois in the transformative field.

If we are smart about it, and that means doing something above and beyond, we can win this race. It will require careful coordination at the state and local levels. We need to do something more and different, he said.

The EDC also approved $2.55 million in job growth incentive tax credits and $295,000 in Location Neutral Employment Incentives for Nextworld, a growing cloud-based enterprise software company based in Greenwood Village. The funds are linked to the creation of 306 additional jobs, including 59 located in more remote parts of the state.

But in a rare case of dissent, Nextworlds CEO Kylee McVaney asked the commission to go against staff recommendations and provide a larger incentive package.

McVaney, daughter of legendary Denver tech entrepreneur Ed McVaney, said the companys lease is about to expire in Greenwood Village and most employees would prefer to continue working remotely. The company could save substantial money by not renewing its lease and relocating its headquarters to Florida, which doesnt have an income tax.

We could go sign a seven-year lease and stay in Colorado or we can try this new grand experiment and save $11 million, she said.

Hadwiger insisted that the award, which averages out to $9,500 per job created, was in line with the amount offered to other technology firms since the Colorado legislature tightened the amount the office could provide companies.

But McVaney said the historical average award per employee was closer to $18,000 and the median is $16,000 and that Colorado was not competitive with Florida given that states more favorable tax structure.

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Colorado makes a bid for quantum computing hardware plant that would bring more than 700 jobs - The Denver Post

IBM announced that bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. IBM Quantum is an industry-first initiative to build universal quantum systems for business and science applications.

By joining the IBM Quantum Network as an Industry Partner, bp will have access to IBMs quantum expertise and software and cloud-based access to the most advanced quantum computers available via the cloud. This includes access to a premium 65-qubit quantum computer, the largest universal quantum system available to industry today, and an important milestone on the IBM Quantum roadmap to a 1,000-plus qubit system (IBM Quantum Condor), targeted for the end of 2023.

ExxonMobil and Daimler are also IBM Quantum Network Industry Partners.

bp will work with IBM to explore using quantum computing to solve business and engineering challenges and explore the potential applications for driving efficiencies and reducing carbon emissions.

bps ambition is to become a net zero company by 2050 or sooner and help the world get to net zero. Next-generation computing capabilities such as quantum computing will assist in solving the science and engineering challenges we will face, enabling us to reimagine energy and design new lower carbon products.

Morag Watson, senior vice president, digital science and engineering for bp

Quantum computing has the potential to be applied in areas such as: modeling the chemistry and build-up of various types of clay in hydrocarbon wellsa crucial factor in efficient hydrocarbon production; analyzing and managing the fluid dynamics of wind farms; optimizing autonomous robotic facility inspection; and helping create opportunities not yet imagined to deliver the clean energy the world wants and needs.

In 2020, bp announced its net zero ambition and its new strategy. By the end of this decade, it aims to have developed around 50 gigawatts of net renewable-generating capacity (a 20-fold increase), increased annual low carbon investment 10-fold to around $5 billion and cut its oil and gas production by 40%.

Joining the IBM Quantum Network will enhance bps ability to leverage quantum advances and applications as they emerge and then influence on how those breakthroughs can be applied to its industry and the energy transition.

bp joins a rapidly growing number of clients working with IBM to explore quantum computing to help accelerate the discovery of solutions to some of todays biggest challenges. The energy industry is ripe with opportunities to see value from the use of quantum computing through the discovery of new materials designed to improve the generation, transfer, and storage of energy.

Dario Gil, Senior Vice President and Director of IBM Research

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bp joins the IBM Quantum Network to advance use of quantum computing in energy - Green Car Congress

Pacific Northwest National Laboratory computer scientist Sriram Krishnamoorthy. (PNNL Photo)

Imagine a future where new therapeutic drugs are designed far faster and at a fraction of the cost they are today, enabled by the rapidly developing field of quantum computing.

The transformation on healthcare and personalized medicine would be tremendous, yet these are hardly the only fields this novel form of computing could revolutionize. From cryptography to supply-chain optimization to advances in solid-state physics, the coming era of quantum computers could bring about enormous changes, assuming its potential can be fully realized.

Yet many hurdles still need to be overcome before all of this can happen. This one of the reasons the Pacific Northwest National Laboratory and Microsoft have teamed up to advance this nascent field.

The developer of the Q# programming language, Microsoft Quantum recently announced the creation of an intermediate bridge that will allow Q# and other languages to be used to send instructions to different quantum hardware platforms. This includes the simulations being performed on PNNLs own powerful supercomputers, which are used to test the quantum algorithms that could one day run on those platforms. While scalable quantum computing is still years away, these simulations make it possible to design and test many of the approaches that will eventually be used.

We have extensive experience in terms of parallel programming for supercomputers, said PNNL computer scientist Sriram Krishnamoorthy. The question was, how do you use these classical supercomputers to understand how a quantum algorithm and quantum architectures would behave while we build these systems?

Thats an important question given that classical and quantum computing are so extremely different from each other. Quantum computing isnt Classical Computing 2.0. A quantum computer is no more an improved version of a classical computer than a lightbulb is a better version of a candle. While you might use one to simulate the other, that simulation will never be perfect because theyre such fundamentally different technologies.

Classical computing is based on bits, pieces of information that are either off or on to represent a zero or one. But a quantum bit, or qubit, can represent a zero or a one or any proportion of those two values at the same time. This makes it possible to perform computations in a very different way.

However, a qubit can only do this so long as it remains in a special state known as superposition. This, along with other features of quantum behavior such as entanglement, could potentially allow quantum computing to answer all kinds of complex problems, many of which are exponential in nature. These are exactly the kind of problems that classical computers cant readily solve if they can solve them at all.

For instance, much of the worlds electronic privacy is based on encryption methods that rely on prime numbers. While its easy to multiply two prime numbers, its extremely difficult to reverse the process by factoring the product of two primes. In some cases, a classical computer could run for 10,000 years and still not find the solution. A quantum computer, on the other hand, might be capable of performing the work in seconds.

That doesnt mean quantum computing will replace all tasks performed by classical computers. This includes programming the quantum computers themselves, which the very nature of quantum behaviors can make highly challenging. For instance, just the act of observing a qubit can make it decohere, causing it to lose its superposition and entangled states.

Such challenges drive some of the work being done by Microsoft Azures Quantum group. Expecting that both classical and quantum computing resources will be needed for large-scale quantum applications, Microsoft Quantum has developed a bridge they call QIR, which stands for quantum intermediate representation. The motivation behind QIR is to create a common interface at a point in the programming stack that avoids interfering with the qubits. Doing this makes the interface both language- and platform-agnostic, which allows different software and hardware to be used together.

To advance the field of quantum computing, we need to think beyond just how to build a particular end-to-end system, said Bettina Heim, senior software engineering manager with Microsoft Quantum, during a recent presentation. We need to think about how to grow a global ecosystem that facilitates developing and experimenting with different approaches.

Because these are still very early days think of where classical computing was 75 years ago many fundamental components still need to be developed and refined in this ecosystem, including quantum gates, algorithms and error correction. This is where PNNLs quantum simulator, DM-SIM comes in. By designing and testing different approaches and configurations of these elements, they can discover better ways of achieving their goals.

As Krishnamoorthy explains: What we currently lack and what we are trying to build with this simulation infrastructure is a turnkey solution that could allow, say a compiler writer or a noise model developer or a systems architect, to try different approaches in putting qubits together and ask the question: If they do this, what happens?

Of course, there will be many challenges and disappointments along the way, such as an upcoming retraction of a 2018 paper in the journal, Nature. The original study, partly funded by Microsoft, declared evidence of a theoretical particle called a Majorana fermion, which could have been a major quantum breakthrough. However, errors since found in the data contradict that claim.

But progress continues, and once reasonably robust and scalable quantum computers are available, all kinds of potential uses could become possible. Supply chain and logistics optimization might be ideal applications, generating new levels of efficiency and energy savings for business. Since quantum computing should also be able to perform very fast searches on unsorted data, applications that focus on financial data, climate data analysis and genomics are likely uses, as well.

Thats only the beginning. Quantum computers could be used to accurately simulate physical processes from chemistry and solid-state physics, ushering in a new era for these fields. Advances in material science could become possible because well be better able to simulate and identify molecular properties much faster and more accurately than we ever could before. Simulating proteins using quantum computers could lead to new knowledge about biology that would revolutionize healthcare.

In the future, quantum cryptography may also become common, due to its potential for truly secure encrypted storage and communications. Thats because its impossible to precisely copy quantum data without violating the laws of physics. Such encryption will be even more important once quantum computers are commonplace because their unique capabilities will also allow them to swiftly crack traditional methods of encryption as mentioned earlier, rendering many currently robust methods insecure and obsolete.

As with many new technologies, it can be challenging to envisage all of the potential uses and problems quantum computing might bring about, which is one reason why business and industry need to become involved in its development early on. Adopting an interdisciplinary approach could yield all kinds of new ideas and applications and hopefully help to build what is ultimately a trusted and ethical technology.

How do you all work together to make it happen? asks Krishnamoorthy. I think for at least the next couple of decades, for chemistry problems, for nuclear theory, etc., well need this hypothetical machine that everyone designs and programs for at the same time, and simulations are going to be crucial to that.

The future of quantum computing will bring enormous changes and challenges to our world. From how we secure our most critical data to unlocking the secrets of our genetic code, its technology that holds the keys to applications, fields and industries weve yet to even imagine.

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How researchers are mapping the future of quantum computing, using the tech of today - GeekWire

During Engineers Week, the Defense Department is highlighting its efforts to develop a diverse and well-educated future engineering workforce and to increase understanding of and interest in engineering and technology.

Quantum science is important for the Defense Department because of the revolutionary technologies that it will bring to warfighters, the principal director for quantum science in the office of the undersecretary of defense for research and engineering said in an interview recently.

Among the technologies in development are advances in quantum computing and networks that are many times more effective at encrypting or decrypting today's communications, Paul Lopata said.

DOD scientists and civilian partners are working with the National Institute of Standards and Technology to develop new cryptographic standards that ensure information stays private, he added.

Quantum sensors are another exciting future possibility that could be used for such things as missile and aircraft tracking, as well as more advanced gyros and accelerometers, he said.

"We're just starting to understand the possibilities," he said.

An application where quantum science is used today is in powering the atomic clocks used by GPS satellites, which must be precisely synchronized. Lopata said that's important because military systems such as aircraft and missiles need to have a great deal of precision, navigation and timing.

Lopata likened quantum science to the military's first use of electricity in the 1800s, which was used to power telegraphs the first information technology of its kind that greatly improved long distance command, control and communications.

Of course, the U.S. isn't the only nation pursuing quantum science for military use, he said. So-called great power competitors Russia and China are, as well.

Fortunately, so are our allies and partners, he said, meaning that these nations can and are collaborating on some of these quantum science projects.

In the U.S., the department is leveraging academia and the private sector to advance quantum science, Lopata said. DOD's efforts are concentrated in each of the service's research laboratories and engineering departments, as well as organizations that include the Defense Advanced Research Projects Agency.

There's a wide range of basic scientists, applied scientists and engineers looking to understand how the department can take advantage of quantum science and apply it to current and new systems, he said.

"DOD is a top tier place to be a quantum scientist because of the broad possibilities for research, the opportunity to pioneer new technologies, and the ability to serve our country," he said.

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Quantum Science to Deliver Cutting-Edge Technology to Warfighters, Official Says - Department of Defense

PUNE, India, Feb. 24, 2021 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Cryogen Free Dilution Refrigerators Marketby Types (Base Temperature Less Than 10 mK, Base Temperature Between 10 - 20 mK, Base Temperature between 21 - 80 mK, and Base Temperature Above 80 mK), Applications (Nano Research, Quantum Computing, Low Temperature Detection, and Others) and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027", the market was valued at USD 112.1 Million in 2019 and is anticipated to expand at a CAGR of 9.1% between 2020 and 2027. On the basis of volume, global cryogen free dilution refrigerators market is anticipated to expand at a CAGR of 8.1% during the forecast period. Rise in the investment in R&D for developing quantum computing applications and quantum computer is expected to increases the demand for cryogen free dilution refrigerators.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Download PDF Sample here:https://growthmarketreports.com/request-sample/207

This report also includes a complete analysis of industry players that cover their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.

Highlights on the segments of the Cryogen Free Dilution Refrigerators Market

The global cryogen free dilution refrigerators market is segmented into types, applications, and regions.

On the basis of types,the market has been divided into base temperature less than 10 mK, base temperature between 10 - 20 mK, base temperature between 21 - 80 mK, and base temperature above 80 mK.

In terms of applications,the global cryogen free dilution refrigerators market has classified as nano research, quantum computing, low temperature detection, and others.

By region,cryogen free dilution refrigerators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). The European region is further categorized into Germany, France, U.K., Spain, Russia, and Rest of Europe, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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Cryogen free dilution refrigerators have become one of the integral and dominant components in the technological world owing to their effectiveness in cooling technical parts for relevant research fields. In the last few years, the use of cryogen free dilution refrigerators has been useful in various scientific quantum computers around the world, as it helps detect the behaviour and nature of energy and matter at the quantum level. Cryogen free dilution refrigerators use Helium-4 and Helium-3 isotopes in the place of liquid helium and liquid nitrogen for continuous & excessive cooling.

Key Takeaways from the Study:

Read 187 Pages Research Report with Detailed ToC on"Global Cryogen Free Dilution Refrigerators Market by Types (Base Temperature Less Than 10 mK, Base Temperature Between 10 - 20 mK, Base Temperature between 21 - 80 mK, and Base Temperature Above 80 mK), Applications (Nano Research, Quantum Computing, Low Temperature Detection, and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)"

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Global Cryogen Free Dilution Refrigerators Market Expected to Reach USD 211.4 Million by 2027 With A CAGR Of 9.1% | Growth Market Reports - PRNewswire

DUBLIN, Feb. 16, 2021 /PRNewswire/ -- The "Global Quantum Computing Market with COVID-19 Impact Analysis by Offering (Systems, Services), Deployment (On Premises, Cloud-based), Application, Technology, End-use Industry and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Quantum Computing Market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%.

The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include rising investments by governments of different countries to carry out research and development activities related to quantum computing technology.

Several companies are focusing on the adoption of QCaaS post-COVID-19. This, in turn, is expected to contribute to the growth of the quantum computing market. However, stability and error correction issues is expected to restrain the growth of the market.

Services segment is attributed to hold the largest share of the Quantum Computing market

The growth of services segment can be attributed to the increasing number of startups across the world that are investing in research and development activities related to quantum computing technology. This technology is used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various end-use industries.

Cloud-based deployment to witness the highest growth in Quantum Computing market in coming years

With the development of highly powerful systems, the demand for cloud-based deployment of quantum computing systems and services is expected to increase. This, in turn, is expected to result in a significant revenue source for service providers, with users paying for access to noisy intermediate-scale quantum (NISQ) systems that can solve real-world problems. The limited lifespan of rapidly advancing quantum computing systems also favors cloud service providers. The flexibility of access offered to users is another factor fueling the adoption of cloud-based deployment of quantum computing systems and services. For the foreseeable future, quantum computers are expected not to be portable. Cloud can provide users with access to different devices and simulators from their laptops.

Optimization accounted for a major share of the overall Quantum Computing market

Optimization is the largest application for quantum computing and accounted for a major share of the overall Quantum Computing market. Companies such as D-Wave Systems, Cambridge Quantum Computing, QC Ware, and 1QB Information Technologies are developing quantum computing systems for optimization applications. Networked Quantum Information Technologies Hub (NQIT) is expanding to incorporate optimization solutions for resolving problems faced by the practical applications of quantum computing technology.

Trapped ions segment to witness highest CAGR of Quantum Computing market during the forecast period

The trapped ions segment of the market is projected to grow at the highest CAGR during the forecast period as quantum computing systems based on trapped ions offer more stability and better connectivity than quantum computing systems based on other technologies. IonQ, Alpine Quantum Technologies, and Honeywell are a few companies that use trapped ions technology in their quantum computing systems.

Banking and finance is attributed to hold major share of Quantum Computing market during the forecast period

In the banking and finance end-use industry, quantum computing is used for risk modeling and trading applications. It is also used to detect the market instabilities by identifying stock market risks and optimize the trading trajectories, portfolios, and asset pricing and hedging. As the financial sector is difficult to understand; the quantum computing approach is expected to help users understand the complexities of the banking and finance end-use industry. Moreover, it can help traders by suggesting them solutions to overcome financial challenges.

APAC to witness highest growth of Quantum Computing market during the forecast period

APAC region is a leading hub for several industries, including healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics, including smartphones, laptops, and gaming consoles, in APAC. There is a requirement to resolve complications in optimization, simulation, and machine learning applications across these industries. The large-scale development witnessed by emerging economies of APAC and the increased use of advanced technologies in the manufacturing sector are contributing to the development of large and medium enterprises in the region. This, in turn, is fueling the demand for quantum computing services and systems in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Opportunities in Quantum Computing Market4.2 Market, by Offering4.3 Market, by Deployment4.4 Market in APAC, by Application and Country4.5 Market, by Technology4.6 Quantum Computing Market, by End-use Industry4.7 Market, by Region

5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Early Adoption of Quantum Computing in Banking and Finance Industry5.2.1.2 Rise in Investments in Quantum Computing Technology5.2.1.3 Surge in Number of Strategic Partnerships and Collaborations to Carry Out Advancements in Quantum Computing Technology5.2.2 Restraints5.2.2.1 Stability and Error Correction Issues5.2.3 Opportunities5.2.3.1 Technological Advancements in Quantum Computing5.2.3.2 Surge in Adoption of Quantum Computing Technology for Drug Discovery5.2.4 Challenges5.2.4.1 Dearth of Highly Skilled Professionals5.2.4.2 Physical Challenges Related to Use of Quantum Computers5.3 Value Chain Analysis5.4 Ecosystem5.5 Porter's Five Forces Analysis5.6 Pricing Analysis5.7 Impact of COVID-19 on Quantum Computing Market5.7.1 Pre-COVID-195.7.2 Post-COVID-195.8 Trade Analysis5.9 Tariff and Regulatory Standards5.9.1 Regulatory Standards5.9.1.1 P1913 - Software-Defined Quantum Communication5.9.1.2 P7130 - Standard for Quantum Technologies Definitions5.9.1.3 P7131 - Standard for Quantum Computing Performance Metrics and Benchmarking5.10 Technology Analysis5.11 Patent Analysis5.12 Case Studies

6 Quantum Computing Market, by Offering6.1 Introduction6.2 Systems6.2.1 Deployment of on Premises Quantum Computers at Sites of Clients6.3 Services6.3.1 Quantum Computing as a Service (QCaaS)6.3.1.1 Risen Number of Companies Offering QCaaS Owing to Increasing Demand for Cloud-Based Systems and Services6.3.2 Consulting Services6.3.2.1 Consulting Services Provide Customized Roadmaps to Clients to Help Them in Adoption of Quantum Computing Technology

7 Quantum Computing Market, by Deployment7.1 Introduction7.2 on Premises7.2.1 Deployment of on Premises Quantum Computers by Organizations to Ensure Data Security7.3 Cloud-based7.3.1 High Costs and Deep Complexity of Quantum Computing Systems and Services Drive Enterprises Toward Cloud Deployments

8 Quantum Computing Market, by Application8.1 Introduction8.2 Optimization8.2.1 Optimization Using Quantum Computing Technology Resolves Problems in Real-World Settings8.3 Machine Learning8.3.1 Risen Use of Machine Learning in Various End-use Industries8.4 Simulation8.4.1 Simulation Helps Scientists Gain Improved Understanding of Molecule and Sub-Molecule Level Interactions8.5 Others

9 Quantum Computing Market, by Technology9.1 Introduction9.2 Superconducting Qubits9.2.1 Existence of Superconducting Qubits in Series of Quantized Energy States9.3 Trapped Ions9.3.1 Surged Use of Trapped Ions Technology in Quantum Computers9.4 Quantum Annealing9.4.1 Risen Use of Quantum Annealing Technology for Solving Optimization Problems in Enterprises9.5 Others (Topological and Photonic)

10 Quantum Computing Market, by End-use Industry10.1 Introduction10.2 Space and Defense10.2.1 Risen Use of Quantum Computing in Space and Defense Industry to Perform Multiple Operations Simultaneously10.3 Banking and Finance10.3.1 Simulation Offers Assistance for Investment Risk Analysis and Decision-Making Process in Banking and Finance Industry10.4 Healthcare and Pharmaceuticals10.4.1 Surged Demand for Robust and Agile Computing Technology for Drug Simulation in Efficient and Timely Manner10.5 Energy and Power10.5.1 Increased Requirement to Develop New Energy Sources and Optimize Energy Delivery Process10.6 Chemicals10.6.1 Establishment of North America and Europe as Lucrative Markets for Chemicals10.7 Transportation and Logistics10.7.1 Surged Use of Quantum-Inspired Approaches to Optimize Traffic Flow10.8 Government10.8.1 Increased Number of Opportunities to Use Quantum Computing to Solve Practical Problems of Climate Change, Traffic Management, Etc.10.9 Academia10.9.1 Risen Number of Integrated Fundamental Quantum Information Science Research Activities to Fuel Market Growth

11 Geographic Analysis11.1 Introduction11.2 North America11.3 Europe11.4 APAC11.5 RoW

12 Competitive Landscape12.1 Introduction12.2 Revenue Analysis of Top Players12.3 Market Share Analysis, 201912.4 Ranking Analysis of Key Players in Market12.5 Company Evaluation Quadrant12.5.1 Quantum Computing Market12.5.1.1 Star12.5.1.2 Emerging Leader12.5.1.3 Pervasive12.5.1.4 Participant12.5.2 Startup/SME Evaluation Matrix12.5.2.1 Progressive Company12.5.2.2 Responsive Company12.5.2.3 Dynamic Company12.5.2.4 Starting Block12.6 Competitive Scenario12.7 Competitive Situations and Trends12.7.1 Other Strategies

13 Company Profiles13.1 Key Players13.1.1 International Business Machines (IBM)13.1.2 D-Wave Systems13.1.3 Microsoft13.1.4 Amazon13.1.5 Rigetti Computing13.1.6 Google13.1.7 Intel13.1.8 Toshiba13.1.9 Honeywell International13.1.10 QC Ware13.1.11 1QB Information Technologies13.1.12 Cambridge Quantum Computing13.20 Other Companies13.2.1 Huawei Technologies13.2.2 Bosch13.2.3 NEC13.2.4 Hewlett Packard Enterprise (HP)13.2.5 Nippon Telegraph and Telephone Corporation (NTT)13.2.6 Hitachi13.2.7 Northrop Grumman13.2.8 Accenture13.2.9 Fujitsu13.2.10 Quantica Computacao13.2.11 Zapata Computing13.2.12 Xanadu13.2.13 IonQ13.2.14 Riverlane13.2.15 Quantum Circuits13.2.16 EvolutionQ13.2.17 ABDProf13.2.18 Anyon Systems

14 Appendix14.1 Discussion Guide14.2 Knowledge Store: The Subscription Portal14.3 Available Customizations

For more information about this report visit https://www.researchandmarkets.com/r/8pglda

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The Worldwide Quantum Computing Industry is Expected to Reach $1.7 Billion by 2026 - PRNewswire

DUBLIN--(BUSINESS WIRE)--The "Global Quantum Computing Market with COVID-19 Impact Analysis by Offering (Systems, Services), Deployment (On Premises, Cloud-based), Application, Technology, End-use Industry and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Quantum Computing Market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%.

The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include rising investments by governments of different countries to carry out research and development activities related to quantum computing technology.

Services segment is attributed to hold the largest share of the Quantum Computing market

The growth of services segment can be attributed to the increasing number of startups across the world that are investing in research and development activities related to quantum computing technology. This technology is used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various end-use industries.

Cloud-based deployment to witness the highest growth in Quantum Computing market in coming years

With the development of highly powerful systems, the demand for cloud-based deployment of quantum computing systems and services is expected to increase. This, in turn, is expected to result in a significant revenue source for service providers, with users paying for access to noisy intermediate-scale quantum (NISQ) systems that can solve real-world problems. The limited lifespan of rapidly advancing quantum computing systems also favors cloud service providers. The flexibility of access offered to users is another factor fueling the adoption of cloud-based deployment of quantum computing systems and services. For the foreseeable future, quantum computers are expected not to be portable. Cloud can provide users with access to different devices and simulators from their laptops.

Optimization accounted for a major share of the overall Quantum Computing market

Optimization is the largest application for quantum computing and accounted for a major share of the overall Quantum Computing market. Companies such as D-Wave Systems, Cambridge Quantum Computing, QC Ware, and 1QB Information Technologies are developing quantum computing systems for optimization applications. Networked Quantum Information Technologies Hub (NQIT) is expanding to incorporate optimization solutions for resolving problems faced by the practical applications of quantum computing technology.

Trapped ions segment to witness highest CAGR of Quantum Computing market during the forecast period

The trapped ions segment of the market is projected to grow at the highest CAGR during the forecast period as quantum computing systems based on trapped ions offer more stability and better connectivity than quantum computing systems based on other technologies. IonQ, Alpine Quantum Technologies, and Honeywell are a few companies that use trapped ions technology in their quantum computing systems.

APAC to witness highest growth of Quantum Computing market during the forecast period

APAC region is a leading hub for several industries, including healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics, including smartphones, laptops, and gaming consoles, in APAC. There is a requirement to resolve complications in optimization, simulation, and machine learning applications across these industries. The large-scale development witnessed by emerging economies of APAC and the increased use of advanced technologies in the manufacturing sector are contributing to the development of large and medium enterprises in the region. This, in turn, is fueling the demand for quantum computing services and systems in APAC.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/7447h3

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Quantum Computing Market with COVID-19 Impact Analysis by Offering, Deployment, Application, Technology, End-use Industry and Region - Global Forecast...