China is a significant player in quantum computing, having delivered its first practical quantum computer, the 24-qubit Wuyan system, to a customer, making it the third country after Canada and the United States to achieve this milestone.

The Chinese government has invested at least $15.3 billion in public funds for quantum research, highlighting its commitment to advancing in this field.

The United States remains a leader in quantum computing, with major companies like IBM, Google, and Microsoft heavily investing in research and development.

IBM is focusing on quantum error correction and aims to develop a 100,000 qubit quantum computer.

Microsoft is working on its quantum ecosystem and development kit, Q#, to facilitate quantum computing research and applications.

Europe is also making strides, with countries like the UK, Germany, and France investing in quantum computing research and development.

The European Union is preparing to take a leadership role in the quantum computing ecosystem.

Australia has been active in quantum research since the 1990s, with companies like Silicon Quantum Computing and Diraq focusing on silicon-based quantum computing.

The country is also exploring photonic and trapped ion quantum computing technologies.

India is investing in quantum computing through its National Quantum Mission, aiming to develop intermediate-scale quantum computers and secure quantum communications.

Overall, the quantum computing market is expected to grow significantly, with a forecasted market size of USD 234.06 billion by 2032, driven by investments from governments, academic institutions, and private companies.

The field faces challenges such as high hardware costs and a shortage of skilled experts, but ongoing research and development efforts are expected to overcome these obstacles.

China is a significant player in quantum computing, having delivered its first practical quantum computer, the 24-qubit Wuyan system, to a customer, making it the third country after Canada and the United States to achieve this milestone.

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Content: Computing

INTERNATIONAL NEWS

China Delivers Its First Practical Quantum Computer System to a Customer

China’s Science Ministry on Monday announced that the country’s first practical quantum computer was delivered to a user, which the agency didn’t identify, a year ago.

The 24-qubit Wuyan system based on superconducting technology was built by Origin Quantum Computing Technology, a company founded in 2017 by two of the country’s leading quantum physicists, Guo Guoping and Guo Guangcan. A qubit in the quantum world performs functions akin to bits in the digital world.

With the on-premises installation of the Wuyan system, China became the third country, after Canada and the United States, to deliver a complete quantum computer system to a customer.

Some skeptics questioned the timing of the announcement.

“Quantum technology has a high priority for national security in China. If this were something very important, I doubt it would be disclosed like this in a transparent way by Chinese authorities,” explained Weifeng Zhong, a senior research fellow at the Mercatus Center of George Mason University in Fairfax, Va.

“The fact that it was delayed for a year suggests that they realize now that it’s not important to national security, so they’re trying to use it to build China’s image as a technology leader at a time when they’re trying to open up their economy to the rest of the world,” Zhong told TechNewsWorld.

Important Step

However, Hodan Omaar, a senior AI policy analyst at the Center for Data Innovation, a think tank studying the intersection of data, technology, and public policy, in Washington, D.C., maintained the announcement shows that China has made an important step in its quantum development.

“Overcoming technical challenges on the path toward large-scale quantum computers will depend on the ability to scale the number of qubits in quantum systems, much like modern classical computers have depended on the growth in the number of transistors in superconducting chips,” Omaar told TechNewsWorld.

“Investing in near-term quantum computing applications helps bolster the development of longer-term use cases of the technology, thereby helping to improve competitiveness,” she added.

Skip Sanzeri, co-founder and COO of QuSecure, a maker of quantum-safe security solutions in San Mateo, Calif., called the announcement “formidable” because China is stating that they have a fully functional quantum computer, albeit the qubit count is low.

“Nonetheless, error correction and noise reduction are two significant factors in ensuring that a quantum computer can process data and provide applications that we can rely on,” Sanzeri told TechNewsWorld. “By announcing that they have been able to get to this level shows that China is making progress towards larger quantum computers.”

Bucking a Trend

The Wuyan system appears to be on par with other systems in the market, noted Heather West, a senior research analyst at IDC’, an international market research company.

“The fact that they sold a 24 qubit system to someone isn’t that different from what we’re seeing elsewhere around the world,” West told TechNewsWorld.

Delivering a standalone system like the Wuyan is actually bucking the current trend in the market.

“Most quantum computers that people are accessing today are accessed through the cloud,” explained Doug Finke, an analyst with Global Quantum Intelligence, an international market intelligence firm.

“This Wuyan computer is being delivered to a customer in an on-premise situation,” Finke told TechNewsWorld. “On-premise has a lot of disadvantages. You have to worry about maintenance. You have to worry about spare parts. You have to worry about calibration.”

“In addition,” he continued, “quantum computing innovation is so fast that they become obsolete in about two years. So few people want an on-premise quantum computer. They’re much more comfortable with the cloud.”

Superconducting Challenges

The Wuyan system is built using superconducting chip technology, one of the earliest technologies for quantum computers. Since its introduction, other technologies have been explored. They include photonics, trapped ions, and neutral atoms.

“At the moment, no one knows which technology will be the winner or if there’ll be a combination of technologies that will combine for efficacious quantum applications,” Sanzeri said.

“Superconducting is very difficult,” he explained. “It requires near zero Kelvin refrigeration.”

“The electrons used in superconducting quantum computers are very hard to manage due to very short coherence times,” he continued. “That’s why they must be cooled to such a low temperature.”

Other methods are managing longer coherence times and a faster path to the desired goal of 1,000 error-corrected qubits, he added.

“The million-dollar question is what technology will win the race to the fault-tolerant quantum computer,” West said. “There might not be one winner. There might not be one system that comes out on top. It might be that certain kinds of systems are better than others at solving certain kinds of problems.”

Long View

Omaar countered that superconducting chips have a number of advantages over competing technologies.

“First, superconducting qubits are solid-state electrical circuits that are easier to control because they are manipulated using microwaves,” she said. “Scientists can therefore use easily accessible commercial microwave devices and equipment in superconducting quantum computing applications.”

“Second,” she continued, “because preparing superconducting circuits is based on the existing method for fabricating semiconductor chips, the development of high-quality devices can leverage advanced chip-making technologies, which is good for manufacturing and scalability.”

Despite developments like China’s Wuyan system, the arrival of a quantum computer that can tackle problems beyond the capacity of silicon computers appears to be years away.

“What quantum computers are going to be best for is solving complex, intractable problems beyond the scope of classical compute technology,” West said. “Those problems are years away from a quantum computer solving.”

“To get to that, we need at least a million qubits,” she continued. “That’s going to take a lot of work in scaling and stabilizing the qubits. Qubits are very sensitive to outside noise. As a result, the error rates are high in the technology we have.”

Despite the exuberance exhibited by many, we’re still in the early days of quantum computing, added Richard Stiennon, founder and chief research analyst at IT-Harvest, a cybersecurity industry analyst firm in Birmingham, Mich.

“There are many physical constraints on quantum computing that require precision in length of pathways — we are talking microns — and resistance to forces — footsteps can interfere with it. Supercooled chips just add to the complexity,” Stiennon told TechNewsWorld.

“I put it in the same realm as developing usable nuclear fusion as an energy source,” he said. “Hundreds of billions of dollars and decades to show a glimmer of progress.”

John P. Mello Jr. has been an ECT News Network reporter since 2003. His areas of focus include cybersecurity, IT issues, privacy, e-commerce, social media, artificial intelligence, big data and consumer electronics. He has written and edited for numerous publications, including the Boston Business Journal, the Boston Phoenix, Megapixel.Net and Government Security News. Email John.

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Content: Chandeliers, ‘qubits’ and Schrödinger’s cat: Inside the bizarre world of quantum computing

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Chandeliers, ‘qubits’ and Schrödinger’s cat: Inside the bizarre world of quantum computing

In the quantum realm, the laws of physics are different. Now its mind-bending tech could soon transform our lives. How does it work?

It was 2009, and a group of scientists had crowded around a tiny monitor in a Sydney physics laboratory. The team, led by electrical engineer Andrea Morello, held their collective breath and peered at a single flat line on the screen. Then, in the blink of an eye, the line changed: it was a series of blips, like a heartbeat. They’d hit paydirt. “When you see that symbol, you’re in the game,” recalls physicist Charles Tahan.

Welcome to the quantum world, a subatomic realm – yes, smaller than an atom – where the laws of physics are, well, different. The experiment made Morello and his team the first in the world to show that a quantum computer could be made using not diamonds, not the superconductor niobium, but everyday silicon. “To show you could do that, 100 different things had to go right,” says Tahan.

Quantum computing is one of the key technologies defining this century. Its proponents say it will do for computers what the car did to the horse and buggy. It will upend encryption and molecular biology. In theory, it could even possibly find cures for cancer. Australia is among the world leaders in a quantum computing gold rush, with Prime Minister Anthony Albanese saying his government is “serious about building a strong quantum ecosystem” and investing nearly a billion dollars.

Yet despite eye-watering outlays worldwide, quantum computing is still in its infancy, part of a mind-bending world that physicists are only beginning to fully grasp. What is it? And how will it make a difference to our lives?

How does a quantum computer work (and why did Alice in Wonderland have the jump on it?)

It’s often remarked that it looks like a beautiful chandelier, or a wedding cake. And IBM’s quantum computer, one of the world’s largest, is certainly an intriguing object, an intricate dome of golden wires and graceful tubes suspended from a ceiling.

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The part we can see, though, is really just the control and support system for a microchip (currently a version called Condor) buried deep inside. The glittering exoskeleton is there to keep its tiny heart as cold as possible – a hundred times colder than the coldest depths of space – and to feed information in and out, the process that makes it a “computer” and not just a science experiment.

The chip itself is smaller than a postage stamp, with several layers of circuitry and metal sandwiched in a tiny square, cooled to improve conductivity and to eliminate “noise”, the bugbear of many such devices. But even what we see here is not where the action happens. For that, we have to go deeper still, down into the chip and well beyond what’s visible through even the most powerful microscope, beyond the layers of individual atoms, into the atoms themselves.

‘The truth is the universe doesn’t run by the rules that we see every day – gravity, you bounce a ball and it falls. It runs on these other rules: quantum mechanics.’

In the subatomic realm of electrons, protons and photons, things happen very differently. Indeed, these tiny particles have no use for Newton’s laws of physics, nor even many of Einstein’s. “The truth,” says Tahan, “is the universe doesn’t run by the rules that we see every day – gravity, you bounce a ball and it falls. It runs on these other rules: quantum mechanics.”

Why these particles behave as they do in the quantum realm is a difficult concept to get your head around. Even Einstein resisted aspects of it, famously arguing that “God does not play dice with the Universe”. It was a misstep. “Because he didn’t believe in the completeness of quantum mechanics,” says Morello, “he lost a lot of productive years because he didn’t understand how it is possible that this thing is true.”

Many leading physicists investigated the concept from the early 1900s, including some familiar from popular culture today, notably Einstein and Neils Bohr (portrayed in Oppenheimer), Werner Heisenberg (whose name Walter White stole for his drug-chemist alter ego in Breaking Bad) and Viennese physicist Erwin Schrödinger, of the famous cat experiment (explained below).

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Lewis Carroll, meanwhile, may have had the jump on quantum physics with his ideas in the Alice books, as James Renner observed in The Wall Street Journal in 2015. “We speak of going down the wormhole into a mysterious world that defies Newtonian physics, where once Alice went down the rabbit hole into a mysterious world that had much the same effect. Now we speak of quantum particles being in two places at once or even Schrödinger’s cat being alive and dead at the same time, long after the Cheshire Cat’s grin was magically displaced from its body.”

The quantum realm has only truly begun to reveal itself to us relatively recently. In 1964, the Irish-born physicist John Bell published one of the most important theorems, which, according to Professor Andrew Whitaker in Physics World, “opened up the possibility of experimental philosophy, the study of what are normally thought of as philosophical issues in experiments. Not only do these experiments probe the deepest and most profound aspects of quantum theory, they also provide information on the fundamental nature of the universe.”

At the time, Bell’s theorem could not be tested in a lab. That would come in the late 1960s and early 1970s when experimentalists such as John Clauser began to show that the weirdness Bell had described on paper actually occurred in the real world. Which, at the time, was considered quite rude. One eminent physicist “was highly offended by my impertinent effort and told me that it was tantamount to professing a disbelief in quantum physics,” Clauser later recalled.

He and other apostates continued their work because he found some of the predictions “sufficiently bizarre that I could not accept them without seeing experimental proof”. Working with leftover lab equipment – “physics department scrap” – he went on to provide experimental evidence that refuted even Einstein’s theories. “I was very sad to see that my own experiment had proven Einstein wrong,” he said. Clauser would go on to win the 2022 Nobel Prize for Physics alongside Alain Aspect and Anton Zeilinger for their groundbreaking experiments with so-called “entangled” particles.

Quantum physicists still despair at the difficulties of explaining their weird world to outsiders. “Many writers fall back on boilerplate that makes physicists howl in agony,” wrote computer scientist Scott Aaronson in The New York Times in 2019. Unfortunately, says Gerard Milburn, a quantum physicist from the University of Queensland, “The quantum world lies beyond the reach of natural language.”

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But we’ll give it a go. Chiefly, particles in the quantum realm aren’t tied down to being in one place or state in the way bigger things are in the outside world, such as cats, which tend to be in one place at once. They obey different rules entirely. The first way to understand this oddness harks back to high-school science and how light can behave as both a particle and a wave. Photons – bursts of light – can act like ball bearings, with position and momentum. Yet light also behaves like a wave washing over a beach in a way that a ball bearing can’t. That’s a quantum physics party trick.

What is Schrödinger’s cat?

The most famous primer for quantum mechanics is the paradox of Schrödinger’s cat, a mind experiment devised by Schrödinger in 1935. A hypothetical cat goes into a box with a vial of poison gas, which has a 50-50 chance of killing it. You close the box and can’t see inside. So, without opening the box, you can’t know whether the poison has killed the cat or not. Therefore, posited Schrödinger, puss is neither dead nor alive but both – until you open the box.

In quantum mechanics, this state is called “superposition”. It’s impossible to describe properly without a background in higher-level mathematics, which we lack, but it generally means not knowing whether, say, an electron is over here, or over there, or – cat-like – in both places at the same time. Another way of looking at it is to visualise a coin spinning on its side. Until it stops and lands on one side or another, it’s not heads or tails but both.

At least, kind of.

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“Every explanation we give in lay terms is in some way wrong,” says Stephen Bartlett, a theoretical quantum physicist and director of the University of Sydney Nano Institute. “People often say a quantum superposition is in the value zero and the value one at the same time. That’s sort of right, and sort of not right.” Says Morello: “This is where language is failing us, right? If you’re trying to say that in plain English, it sounds really weird. But if you actually think about, you know, the mathematics of it, and the actual physical embodiment of that, it actually makes perfect sense.” Suffice to say, a real cat cannot find itself in “superposition”: this is a state that can exist only in the subatomic world.

How is this useful (and what’s a qubit)?

In a conventional computer, information is encoded as voltages that pass around the system thanks to millions of tiny transistors – essentially, gates or switches that turn on and off. A quantum computer is similar except that instead of using transistors as switches it uses subatomic particles, such as electrons or photons, that can have many more states than simply on or off, according to their position, momentum, spin direction and polarisation. Once harnessed – and there are many ways of doing that – these particles-as-switches are called “qubits”, a play on the word “bit”, the smallest unit of data that a computer can process and store.

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Information can be encoded on qubits in various ways: for his computers, Morello uses silicon and strong magnetic fields like those found in MRI machines. “The stuff that I build in my lab is actually a small silicon chip the size of a fingernail,” he says, “but the whole infrastructure around it is quite fancy. It’s a very powerful refrigerator that cools down the chip to [just] above absolute zero.

Critically, qubits can relate to other qubits in a state called “entanglement”. This enables quantum computers to perform multiple calculations simultaneously – which is their superpower. Schrödinger described entanglement as “the characteristic trait of quantum mechanics, the one that enforces its entire departure from classical lines of thought”. Sceptical Einstein called entanglement “spooky action at a distance”. Gerard Milburn says entanglement is great for building a computer “because if you want to have all these switches, having them strongly correlated is exactly what you want. And if you can control those correlations, you can do computation.”

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It’s these characteristics that have scientists and engineers excited. Not because quantum computers will necessarily take over from the conventional miracles we so rely on today but because they can do some particular things that transistor-based machines either struggle with or fail at completely. Today’s supercomputer might try to simulate molecular behaviour with “brute force”, says IBM’s quantum department. “But as it moves past the simplest, most straightforward molecules available, the supercomputer stalls. Quantum algorithms take a new approach to these sorts of complex problems, creating multidimensional computational spaces.”

‘Calculations that are completely impossible … would rapidly become possible on a quantum computer.’

This might include modelling how a drug might affect a virus, how new materials in aeroplanes might react to stress, or the exact process necessary to create a perfect chemical reaction.

“Calculations that are completely impossible – not just on present-day conventional computers but any conceivable future conventional computer – would rapidly become possible on a quantum computer,” says Andrew Doherty, professor of physics at Sydney University. “These are things where the application of that computer would be transformative to people’s lives without every home, you know, having a laptop quantum computer.”

Whether quantum computing will also revolutionise artificial intelligence is less certain. AI works by drawing from a huge amount of data, which is not something that naturally fits on a quantum computer, says Morello. “The problem with quantum computers in general and, in particular, with applications to AI is that loading data into them and reading data out of them is slow and cumbersome and prone to errors. It’s a bottleneck.”

Why is it so hard to build quantum machines?

Creating the qubits is hard, whatever material you start with. Interfacing with them via tiny wires like the golden lattice in IBM’s machines is hard. Getting accurate information from them is hard: “noise”, in the form of vibration or spurious electromagnetic signals, makes them behave badly and give poor results – “decoherence”, in physics speak.

Much of Andrew Doherty’s team’s work these days is in figuring out how to reduce this noise to acceptable levels and compensating for the errors that noise produces. “Compared to our conventional computers, quantum technology [computers] are very noisy devices,” he says. “They go wrong one time in 1000 as opposed to one time in an astronomically huge number of uses of [normal computers].”

Teams around the world are working on multiple approaches both to building the machines and compensating for their eccentricities, from labs in Australia to the tech giants Google, Microsoft and IBM – its Quantum Lab relies on superconducting qubits made from aluminium and niobiumand the Chinese government.

Some versions, such as IBM’s and Morello’s, chill the atoms to keep them as stable as possible. In contrast, the Australian company Quantum Brilliance is working with synthetic diamonds because they work at room temperature. “Unlike other materials,” says co-founder Marcus Doherty (no relation to Andrew), “diamond’s incredible hardness means that even at room temperature, there isn’t enough thermal energy in the environment to create vibrations that destroy the quantum properties of qubits.”

‘People are working really hard to try to find different mathematical problems that they think maybe quantum computers can’t crack.’

Another key moment in the quantum timeline came in 1994 when US mathematician Peter Shor showed that a quantum computer could crack encryption standards safeguarding everything from national intelligence systems to bank accounts. “He devised an algorithm, in theory, that he would need to run on a quantum computer,” says Bartlett. “And if you could build a quantum computer of sufficient size, then yeah, all information security falls apart.” Cybersecurity experts call that scenario Q-Day. “At the moment, people are working really hard to try to find different mathematical problems that they think maybe quantum computers can’t crack,” says Bartlett.

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In 2001, IBM made a seven-qubit device controlled through radio frequency pulses to demonstrate Shor’s Theorem. IBM’s prototype wasn’t given a huge task, managing to calculate that three times five was … wait for it ... 15. Yet this was considered a great success, even if it had shades of the famous supercomputer Deep Thought from Douglas Adams’ Hitchhiker’s Guide to the Galaxy, which ponders the question of “life, the universe and everything” for thousands of years before giving the answer: 42.(Adams also dreamed up the Infinite Improbability Drive for a spaceship called the Heart of Gold, which used quantum theory to allow it to cross through every point in the universe simultaneously, allowing interstellar travel without all that “tedious mucking about in hyperspace”.)

Then, in 2019, Google claimed its 54-qubit Sycamore processor had performed a calculation in 200 seconds that would have taken the world’s most powerful supercomputer 10,000 years – a breakthrough some breathlessly likened to the Wright brothers’ first flight in 1903. Others were more sceptical, saying it would be many more years before quantum computers would have enough qubits – and be stable enough – to do anything actually useful. IBM said it could simulate Google’s experiment in two-and-a-half days on a “normal” computer, albeit if it had access to the Oak Ridge Summit supercomputer, a beast occupying an area the size of two basketball courts. IBM’s shimmering Eagle, meanwhile, had just 127 qubits; its successors, Osprey and now Condor, have pushed the bar to over 1000 and it plans for 1386 qubits in its Kookaburra in 2025.

Yet most of these devices are still basically proofs of concept, says Morello, the first step to manufacturing and miniaturising, as we saw with today’s transistor-based computers, which started out as rooms full of valves and cables. In the post-World War II era, says Andrew Doherty, “computers took up office floors of buildings in Manhattan and people put paper cards into them to program them. Out came numbers that even my childhood pocket calculator could have calculated right.” Many hundreds of billions of dollars have gone into developing computer technology, in packaging it for convenience and getting the components to work reliably, he says. “That whole engineering thing has got to grow up around these quantum technologies.”

Already, Marcus Doherty’s Quantum Brilliance has installed a quantum computer at the Pawsey Supercomputing Centre in Perth and is about to export computers, at this stage for customers to experiment with quantum computing and work out how to make it useful. In the future, finding commercial applications for a quantum computer will require tailoring it, at least initially, says UNSW’s Maja Cassidy, a former quantum researcher for Microsoft. “People have to go in and understand a company’s problem, how they’re using classical computing and … work out what section might be enhanced by the quantum computer.”

Who is leading the quantum race?

China is the only other nation giving the United States a run for its money. Its leader, Xi Jinping, put accelerating quantum technology in his 2021 five-year plan. McKinsey & Company estimates China has spent at least $15.3 billion in public funds on quantum research. That partly came to fruition in April with the Chinese Academy of Science’s unveiling of a 504-qubit chip, still half the size of IBM’s biggest.

For its part, Australia got a head start with quantum research in the 1990s. Today, two major spinoffs from UNSW research are pursuing silicon-based quantum computing: Silicon Quantum Computing (SQC), led by Professor Michelle Simmons, and Diraq, led by Professor Andrew Dzurak. SQC’s approach involves embedding phosphorus atoms within a wafer of silicon. Dzurak’s approach involves trapping electrons on silicon transistors. Both have the advantage of silicon chips already being ubiquitous. “Today, in our phones and our laptops, the silicon chips that are in those have upwards of a billion transistors on them,” says Dzurak. “The benefit of the technology that we’ve developed is that we are also able to get millions, and ultimately billions, of quantum bits onto a single silicon chip.”

‘Computers as we know them today are an absolutely mind-blowing achievement. So any technology that has the ambition of being an alternative or being better than that has a phenomenally high bar to clear.’

Other leading players in Australia include Q-CTRL, which is working on controlling and enhancing quantum hardware; quantum security company QuintessenceLabs; and Doherty’s Quantum Brilliance, which used its synthetic diamonds in the world-first integration of a two-qubit quantum device into a supercomputer at room temperature in 2022.

Meanwhile, out of the University of Queensland came early gains in “photonic” quantum computing, which harnesses particles of light – photons – as qubits. In April, the federal and Queensland governments jointly set aside $940 million in share purchases, grants and loans for PsiQuantum, a Silicon Valley company whose founders include Australian professors Jeremy O’Brien and Terry Rudolph. Unlike ions or electrons, photons are not charged, Bartlett says, so are not sent haywire by electromagnetic forces – but they are hard to manipulate and measure.

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Another approach involves “trapped ion” quantum computing, pursued by US company IonQ: physicists take an atom, flick off an electron so it is positively charged, then suspend the resulting ion within an electromagnetic field and manipulate the ion with lasers. But Bartlett says this approach will be hard to scale, given the technology to suspend millions of ion qubits doesn’t yet exist.

In April, the federal government also announced $18 million for the University of Sydney to establish Quantum Australia, a research consortium between several universities headed by Bartlett. “It used to be a small research community,” he says. “You absolutely needed to speak the common language of everyone else, which were the rules of physics. Now we are really seeing quite a bit of specialisation.”

Even if quantum computers develop practical uses, they will likely live in vast, super-cooled server farms where land and power are cheap. We’ll communicate with them through our everyday devices, much as we download and upload data from cloud servers, Netflix, TikTok, DropBox, whatever, today. The real challenge for quantum computing, says Morello, is that the alternative is “really, really good”. “Computers as we know them today are an absolutely mind-blowing achievement. So any technology that has the ambition of being an alternative or being better than that has a phenomenally high bar to clear.”

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How much have countries and blocs invested in quantum computing?

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The United States remains a leader in quantum computing, with major companies like IBM, Google, and Microsoft heavily investing in research and development.

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Content: Quantum Computing Market was valued at nearly USD 234.06 billion by 2032

Prudour Private Limited

Updated · Mar 06, 2023

Quantum Computing Market Overview

Published Via 11Press: Quantum computing is a rapidly developing market that is revolutionizing how we approach computing and data processing. By employing principles of quantum mechanics to perform computations, quantum computers are capable of solving problems that classical computers may find impossible or impracticable to resolve.

The global quantum computing market size is forecast to reach USD 234.06 billion by 2032 from USD 10.13 billion in 2022, rising at a compound annual growth rate (CAGR) of 36.89% during the forecast period.

At present, the quantum computing market is dominated by a few major players such as IBM, Google, Microsoft, and Honeywell. These firms are investing heavily in quantum computing research and development as well as creating quantum computing hardware and software systems.

The quantum computing market is expected to have a profound effect on industries such as healthcare, finance, logistics, and energy. Some key applications of quantum computing include drug discovery, supply chain optimization, financial modeling, and climate modeling.

Though the quantum computing market is promising, it still faces several obstacles such as high costs of hardware, a shortage of skilled experts in this area, and technical difficulties when building large-scale quantum computers. With ongoing research and development efforts, however, these problems should be overcome within the coming years, leading to even greater growth and innovation in this space.

Key Takeaways

  • The global quantum computing market size was valued at USD 234.06 billion in 2022 and is expected to grow at a CAGR of around 36.89% from 2022 to 2032.
  • Quantum computing is capable of solving problems that would be intractable or impossible for classical computers to solve.
  • The quantum computing market is dominated by a few major players, including IBM, Google, Microsoft and Honeywell.
  • The quantum computing market is expected to have a profound effect on numerous industries, such as healthcare, finance, logistics and energy.
  • Quantum computing has many important applications such as drug discovery, supply chain optimization, financial modeling and climate modeling.
  • The quantum computing market remains plagued by several obstacles, such as the high cost of quantum computing hardware, lack of qualified quantum computing experts and technical difficulties in building and running large-scale quantum computing systems.
  • Research and development are expected to overcome these obstacles within the next couple of years, propelling even greater growth and innovation in the quantum computing market.

Request For Sample Report: https://market.us/report/quantum-computing-market/request-sample/

Regional Snapshot

  • North America: North America is currently the leading market for quantum computing, with the United States playing a major role. Major companies such as IBM, Google, and Microsoft are driving this growth through their presence and investment in research and development activities related to quantum computing. This region boasts numerous key players such as IBM, Google, and Microsoft which are driving demand within this region.
  • Europe: Europe is an increasingly important market for quantum computing, with countries such as the UK, Germany, and France investing heavily in research and development. Through partnerships between quantum computing companies and other technology firms as well as the growing adoption of quantum computing across various industries, this region’s market is experiencing rapid expansion.
  • Asia Pacific: The quantum computing market in Asia Pacific is expected to experience significant growth over the coming years due to increased investments in research and development by countries like China, Japan, and South Korea. Furthermore, there have been an increasing number of collaborations between companies using quantum computing with academic institutions as well as its increasing adoption across industries like healthcare and finance – all contributing factors for market expansion within this region.
  • The Rest of the World: Countries such as Brazil, South Africa, and the UAE are expected to experience significant growth in the quantum computing market over the coming years due to increased investments in research and development efforts as well as the growing adoption of quantum computing across various industries. These factors are fueling this region’s meteoric rise in this region.

Drivers

  • Quantum Computing Gaining Adoption in Various Industries: Quantum computing is seeing an uptick in popularity across a range of industries, such as healthcare, finance, logistics, and energy – as companies seek to use their power to solve complex problems and gain an edge in competition.
  • Investments in Quantum Computing Research and Development: Governments, academic institutions, and private companies have made substantial investments in quantum computing research and development, spurring innovation and progress within the field.
  • Growing Number of Partnerships and Collaborations: There has been an uptick in partnerships and collaborations between quantum computing companies and other technology firms, as well as academic institutions and research organizations. This trend is propelling the development of new quantum computing hardware and software systems, as well as its adoption across various industries.
  • Increasing Access to Cloud-Based Quantum Computing Services: The growing availability of cloud-based quantum computing services is making it simpler for companies and researchers to utilize this cutting-edge technology, spurring adoption and innovation within the field.

Restraints

  • Limited Access to Qualified Quantum Computing Experts: Unfortunately, there is currently a shortage of highly experienced quantum computing specialists, making it challenging for companies to construct and sustain quantum computing systems.
  • Technical Challenges in Building and Maintaining Large-Scale Quantum Computing Systems: The development of large-scale quantum computing systems is still in its early stages, so there are numerous technical obstacles that must be overcome, such as noise reduction, error correction, and scalability.
  • Limited Quantum Computing Applications: Although the list of potential applications for quantum computing is growing, the number of practical ones that have been developed and implemented remains limited. This can make it challenging for companies to justify investing in quantum computing technology.
  • Regulatory Challenges: Quantum computing technology may face regulatory restrictions, particularly around data privacy and security. This could create additional obstacles to the adoption and investment in the technology.

Opportunities

  • Growing Number of Partnerships and Collaborations: The growing number of partnerships and collaborations among quantum computing companies, other technology firms, academic institutions, and research organizations is creating opportunities for the development of new quantum computing hardware and software systems as well as its adoption across various industries.
  • Advancements in Quantum Computing Hardware and Software: With the rapid progress being made in the development of quantum computing hardware and software, new opportunities will present themselves for applying this technology across various industries and fields.
  • The growing availability of cloud-based quantum computing services: Cloud-based quantum computing services are making it simpler for companies and researchers to access and utilize quantum computing technology, spurring adoption and innovation within the field.
  • Growth of Quantum Computing as a Service: As more companies and researchers embrace the potential of quantum computing, cloud-based quantum computing services are creating exciting new business opportunities for those offering these solutions.
  • Potential for Breakthroughs in Areas such as Drug Discovery, Finance, and Energy: Quantum computing holds the potential to unravel complex issues in fields like drug discovery, finance, and energy – leading to major breakthroughs and advances. This presents companies with unique opportunities for those who can develop and implement quantum computing solutions in these sectors.

Challenges

  • Technical Challenges in Constructing and Running Large Quantum Computing Systems: As quantum computing systems continue to emerge, numerous technical obstacles must be overcome such as noise reduction, error correction, and scalability. These issues make it challenging for companies to construct and run these massive quantum computers efficiently.
  • Limited Access to Qualified Quantum Computing Experts: There is currently a shortage of highly experienced quantum computing professionals, making it difficult for companies to construct and maintain quantum computing systems. This shortage could potentially restrict the growth of this industry in the coming years.
  • Quantum computing Applications: While quantum computing has many potential uses, the number of practical applications that have been created and implemented remains limited. This could make investing in quantum computing technology and research on practical applications an attractive prospect.

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Recent Developments

  • Google Claims Quantum Supremacy: In 2019, Google claimed to have achieved quantum supremacy by performing a calculation on its quantum computer that even the most powerful supercomputers would take thousands of years to complete. This was seen as an important milestone in the advancement of quantum computing technology.
  • IBM Launches Quantum Computing Program for Students: In 2020, IBM unveiled a quantum computing program specifically tailored towards students that provides them with access to IBM’s resources and tools, as well as a platform for learning and collaboration.
  • Honeywell Achieves Quantum Computer Record Performance: On March 20, 2021, Honeywell revealed its creation of a quantum computer with an astonishing quantum volume of 512. This feat marked an amazing advancement in quantum computing technology and demonstrated how rapidly progress has been made since then.
  • Amazon Web Services Announces Quantum Computing Service: On June 2021, Amazon Web Services (AWS) announced the launch of its own quantum computing service called Amazon Bracket. This offering gives customers access to various vendors’ hardware as well as tools and resources for developing and testing quantum algorithms.

Key Market Segments

Type

  • Hardware
  • Software
  • Services

Application

  • Defense
  • Healthcare & pharmaceuticals
  • Chemicals
  • Banking & Finance
  • Energy & power

Key Market Players

  • D-Wave Systems
  • Google
  • IBM
  • Intel
  • Microsoft
  • 1QB Information Technologies
  • Anyon Systems
  • Cambridge Quantum Computing
  • ID Quantique
  • IonQ
  • QbitLogic
  • QC Ware
  • Quantum Circuits
  • Qubitekk
  • QxBranch
  • Rigetti Computing

Nature Insights

  • Progress is being made in the development of quantum computing hardware: Despite the challenges facing large-scale quantum computing systems, progress is being made on quantum computing hardware. This includes creating quantum processors with increasingly more qubits and creating new materials suitable for use in quantum computers.
  • Quantum computing software is still in its early stages: While progress is being made with quantum computing hardware, software development for quantum computation remains at a standstill. This presents an immense challenge to the industry as developing efficient quantum algorithms is essential to realizing its full potential.
  • Collaboration is essential to the advancement of quantum computing: Collaboration between companies, academic institutions, and research organizations is essential for progress in this industry. This includes joint efforts to develop new hardware and software systems as well as collaborations that promote quantum computing across various industries.

Report Scope

Report Attribute Details
The market size value in 2022 USD 10.13 Bn
Revenue forecast by 2032 USD 234.6 Bn
Growth Rate CAGR Of 36.89%
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of the World
Historical Years 2017-2022
Base Year 2022
Estimated Year 2023
Short-Term Projection Year 2028
Long-Term Projected Year 2032

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FAQ.

What is quantum computing?

Quantum computing is a type of processing data using quantum mechanics. It relies on principles such as superposition, entanglement, and interference which enable quantum computers to perform calculations that would be impossible with classical computers.

What are some potential applications of quantum computing?

Quantum computing holds great promise for revolutionizing industries such as drug discovery, finance, energy, and logistics. Potential uses include creating new drugs and materials, optimizing supply chains and logistics networks, and even improving weather forecasting models with greater precision.

What are some of the challenges facing the quantum computing market?

The quantum computing market faces numerous obstacles, such as technical difficulties in building and running large-scale quantum computers, high costs associated with quantum computing hardware, a scarcity of highly qualified quantum experts, and an absence of practical applications developed and deployed.

Who are some of the major players in the quantum computing market?

Major companies operating within this space include IBM, Google, Microsoft, Honeywell, Intel, and Rigetti Computing. These firms are actively developing and commercializing quantum computing hardware and software systems.

What is the outlook for the quantum computing market?

Overall, analysts anticipate a bright future for quantum computing, with continued investment and innovation anticipated in the coming years. Though still in its early stages of development, its potential advantages are immense - leading to rapid industry growth over the coming years.

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What countries and blocs are leading in developing quantum computing?

IBM is focusing on quantum error correction and aims to develop a 100,000 qubit quantum computer.

Title:

Content: Quantum computers, first proposed by Richard Feynman in the 1980s, have seen rapid growth in recent years, offering potential solutions to problems that modern computers cannot handle. Shor’s Algorithm, in particular, has gained significant attention for its ability to break encryption paradigms. This has created opportunities for investors in the quantum computing industry.

Quantum computing is still a niche market, making it an ideal time to invest. Small investments now could lead to significant gains in the future. While standardization in the industry is limited, this lack of consensus presents a chance for knowledgeable investors to identify the most promising systems. Investing in the system that becomes the standard for future quantum computers could be highly profitable.

Among the emerging quantum computing stocks, three notable options are D-Wave Systems, International Business Machines (IBM), and IonQ.

D-Wave Systems specializes in quantum annealing, allowing quantum computers to solve optimization problems that classical computers struggle with. While their current quantum computers have limitations, their work on solving optimization problems is promising for future applications. D-Wave Systems has shown potential for growth despite being a speculative stock.

IBM, one of the largest players in quantum computing, is focusing on quantum error correction, a critical challenge in the field. Their roadmap aims to develop a 100,000 qubit quantum computer, enabling the practical use of algorithms like Shor’s. IBM’s stability as a company makes it a safer investment compared to its competitors.

IonQ, on the other hand, stands out for its use of trapped ion qubits, which are more stable than other types. Their modular design allows for scalability, and the company is expanding its global reach. Demonstrating significant revenue growth and partnerships in their Q1 2023 earnings report, IonQ shows potential for success.

Investing in quantum computing stocks presents an opportunity for significant returns, considering the industry’s potential for future growth and the unique challenges it faces. While D-Wave Systems, IBM, and IonQ are promising options, it is essential to carefully monitor the progress and financials of each company before making investment decisions.

What are important areas in quantum research?

What companies are leading in developing quantum computing?

Microsoft is working on its quantum ecosystem and development kit, Q#, to facilitate quantum computing research and applications.

Title:

Content: IONQ

3 Quantum Computing Stocks You’ll Regret Not Buying Soon: November 2023

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Quantum computing stocks are picking up steam. This development is amid some recent scientific breakthroughs in the technology. Quantum computing is set to revolutionize our understanding of the world and transform industries from finance to healthcare.

The good news is that quantum computing stocks trade at relative bargains compared to their long-term potential. Furthermore, some marquee names in the tech industry pursue quantum research as an overlay to their existing operations.

So, if you don’t want to miss out, here are three quantum computing stocks to buy in November.

IonQ (IONQ)

Source: Amin Van / Shutterstock.com

IonQ (NYSE:IONQ) is noted as an early-stage quantum computing company with a significant market cap, making it a pure play in the quantum computing space.

If you are considering investing in quantum computing stocks, IONQ presents a compelling opportunity. The company has a strong engineering team and strategic partnerships with tech giants like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). This partnership is essential, as it’s believed to be a key driver of its expanding computing power and user adoption.

In addition to this partnership, IonQ reported a robust third quarter, with revenue reaching $6.1 million, surpassing expectations and marking a 122% year-over-year growth. Bookings soared to $26.3 million for the quarter and $58.4 million year-to-date, contributing to a milestone of $100 million in cumulative bookings since 2021.

Microsoft (MSFT)

Source: Asif Islam / Shutterstock.com

Microsoft (NASDAQ:MSFT) is one of those quantum computing stocks to consider if an investor also wants to own a highly diversified and successful tech company.

MSFT stock is working on its own quantum ecosystem and development kit for programmers called Q#. It provides a virtual environment for techies to experiment with a quantum system for commercial and research purposes before its system goes live.

As I outlined in a previous article, MSFT’s foray into quantum computing has been described by some analysts as a high-risk, high-reward endeavor. Instead of using established approaches, it is pursuing a more theoretical path that requires significantly more time and resources in research and development than its competitors, such as IonQ. It hopes that this investment will pay off in a faster time to market and a more stable system once production-ready.

Quantum Computing (QUBT)

Source: Bartlomiej K. Wroblewski / Shutterstock.com

Quantum Computing (NASDAQ:QUBT) also presents compelling reasons for investors to add it to their portfolios.

QUBT reported a lesser-than-expected loss of 9 cents per share in its latest quarterly earnings, outperforming analyst projections and improving significantly from last year’s 22 cents per share. Despite sales falling below expectations, the company saw a year-over-year sales increase of 33.97%.

By some valuation metrics, QUBT is presently undervalued and worth considering. For example, its negative Enterprise Value/EBITDA ratio may imply the company has solid fundamentals or is currently undervalued by the market, offering a potential upside for investors.

QUBT also trades substantially below its book or asset value, with a price-to-book value of less than one, another sign of potential undervaluation.

Amid losing around 51% of its value year-to-date, now might be a good time to pick up shares of QUBT while they are still cheap.

On the date of publication, Matthew Farley did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.

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The post 3 Quantum Computing Stocks You’ll Regret Not Buying Soon: November 2023 appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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What are important areas in quantum research?

What companies are leading in developing quantum computing?

Europe is also making strides, with countries like the UK, Germany, and France investing in quantum computing research and development.

What countries and blocs are leading in developing quantum computing?

The European Union is preparing to take a leadership role in the quantum computing ecosystem.

Title:

Content: Satyam Priyadarshy

Rajesh Mehta

Governments, venture capitalists, and private companies have invested billions of dollars in quantum computing in the last 10 years. Recently, at the Puzzle X conference held in Barcelona, it was evident that Europe is preparing to take on the leadership role to push the boundaries of quantum computing ecosystem. So, what is quantum computing?

Bits to Qubits

In simple words, quantum computing combines the fields of quantum mechanics and computer science. It moves us beyond Bits to Qubits. In traditional computer science, the information is stored and manipulated using bits that have two discrete states, 0 and 1, while in the quantum computing world, Qubits can represent both states at the same time, thus allowing for a high degree of parallelism, enabling by phenomena of “interference, superposition, and entanglement.”

Such parallelism allows quantum computers to tackle computational challenges that become a limiting factor for traditional computers.

Wide applications

Many companies in the quantum computing field are engaged in solving complex problems that could significantly impact the fields of drug development, material design, energy transition, finance, security, and defense.

All nations must address various aspects of the quantum computing ecosystem sooner than later due to China’s quantum computing activities.

The National Quantum Mission (NQM) was approved by Prime Minister Narendra Modi, on April 19, 2023.

With a budget of ₹6,003 crore over eight years, it aims to create, develop, and nurture the quantum technology ecosystem in the country.

The goal of the mission is to develop intermediate-scale quantum computers with 50-1,000 physical qubits in various platforms like superconducting and photonic technology. Satellite-based secure quantum communications between ground stations over a range of 2,000 km within India, long-distance secure quantum communications with other countries, inter-city quantum key distribution over 2,000 km, as well as multi-node quantum networks with quantum memories, are among the other deliverables. The technology is expected to break ground in communications, cryptography, intelligence, fossil fuel exploration, space research, and drug design.

As we step into 2024, an increased set of activities to solve complex challenges will be addressed by combining the tools of Artificial Intelligence and Quantum computing.

Priyadarshy is a pioneer in the fields of Quantum Mechanics, Data Science, Big Data and Emerging Technologies; Mehta is an International Consultant in the field of Market Entry, Innovation and Public Policy

COMMENT NOW

What countries and blocs are leading in developing quantum computing?

Australia has been active in quantum research since the 1990s, with companies like Silicon Quantum Computing and Diraq focusing on silicon-based quantum computing.

What are important areas in quantum research?

The country is also exploring photonic and trapped ion quantum computing technologies.

What are important areas in quantum research?

India is investing in quantum computing through its National Quantum Mission, aiming to develop intermediate-scale quantum computers and secure quantum communications.

What are important areas in quantum research?

What fields can quantum computers advance?

Overall, the quantum computing market is expected to grow significantly, with a forecasted market size of USD 234.06 billion by 2032, driven by investments from governments, academic institutions, and private companies.

The field faces challenges such as high hardware costs and a shortage of skilled experts, but ongoing research and development efforts are expected to overcome these obstacles.


The Elgin Marbles, a collection of ancient Greek sculptures, were removed from the Parthenon in Athens by Lord Elgin in the early 19th century and are currently housed in the British Museum.

Their presence in the UK has been a subject of controversy, with Greece consistently demanding their return, arguing that they were stolen and are integral to Greek cultural heritage.

The UK maintains that the marbles were legally acquired under the laws of the time.

The Greek Prime Minister, Kyriakos Mitsotakis, has offered to loan Greek treasures to the British Museum in exchange for the return of the marbles.

George Osborne, the chair of the British Museum, has expressed interest in a cultural exchange that would allow the marbles to spend time in both Athens and London.

However, UK Prime Minister Rishi Sunak has ruled out changing the law that prevents the British Museum from permanently returning the marbles.

The issue remains unresolved, but there is ongoing dialogue and pressure from international bodies like UNESCO, which has urged the UK to reconsider its stance.

The British Museum has expressed a willingness to explore collaborative ventures with Greece, though it insists on maintaining the marbles as part of its collection.

The Elgin Marbles, a collection of ancient Greek sculptures, were removed from the Parthenon in Athens by Lord Elgin in the early 19th century and are currently housed in the British Museum.

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Content: Beyond Politics
Check out all the latest trending news and stories from across the globe and the Internet! Lifestyle, cultural stories, social media hits, latest science and technology news, photos, videos, and much more!

Looted Ancient Relics Return to Greek Soil After Lengthy Legal Tussle

© AFP 2023 / LOUISA GOULIAMAKIThis photograph taken in Athens on February 8, 2022 shows a rainbow appearing over the Ancient Acropolis.
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Greece's recent recovery of ancient artefacts comes against the protracted legal ownership tug-of-war between the UK’s British Museum and the Greek government regarding the fate of the "Elgin Marbles" - Parthenon carvings, which were removed from the Acropolis over 200 years ago.
A batch of ancient artefacts spanning historical periods from the Neolithic to Byzantine era are being repatriated to Greece after a 17-year-long legal battle, Greek Culture Minister Lina Mendoni announced on Friday.
The 351 antiquities in question include a white stone Neolithic-era statuette dating to the 4th millennium BC, an Early Cycladic figurine from between 3200 and 2700 BC, a bronze statue of Alexander the Great from the second half of the 2nd century AD.
Without going into any specific details, Mendoni hailed the joint efforts by Culture Ministry officials, the legal department of the Ministry of Foreign Affairs, the country’s judiciary, and archaeologists to wrest the vast collection from the company of a UK antiquities dealer - Robin Symes Limited - which is undergoing liquidation at the moment.
Symes is said to have put together the collection with the help of a sweeping network of illegal traders.
The current repatriation comes after back in 2006 an investigation was launched into the company owned by the now-disgraced British antiquities' dealer. Acting in close cooperation, Italian and Swiss police in 2016 recovered archaeological artefacts, from Symes’ possession, found to have been stolen from Italy. Symes, once a famous London dealer in artefacts, was suspected of being in cahoots at the time with Italian tomb raiders. There has not been any clarification from Mendoni whether the batch of items coming home to Greece now is somehow linked to that discovery at the Geneva Freeport warehouse complex.
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Removal of Greek Parthenon Marbles Likened to Stripping Salisbury of Stonehenge by UK's Stephen Fry
Greece has been on a crusade to return looted artefacts across the globe. The most high-profile artworks in this case are the Parthenon Sculptures. Originally part of the temple of the Parthenon at the Acropolis in Athens, they were removed by British diplomat Lord Elgin during the Turkish occupation in 1802. They were brought to Britain and are now on display in the British Museum in London. The UK has long argued that Elgin was given permission to take them by local Ottoman rulers. Greece has consistently demanded the return of the sculptures on display in the British Museum, claiming they are "the product of theft." The campaign to return the artworks continue. Meanwhile, at a reunification ceremony in Athens, three fragments of the Parthenon were brought to the Greek capital and its Acropolis Museum from the Vatican.
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Vatican Returns Three Fragments of Parthenon to Greece
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Their presence in the UK has been a subject of controversy, with Greece consistently demanding their return, arguing that they were stolen and are integral to Greek cultural heritage.

Title:

Content: ‘They were stolen’ Greek PM demands return of the Elgin Marbles ‘Don’t belong to British’

GREEK Prime Minister Kyriakos Mitsotakis joined Good Morning Britain on Tuesday morning to demand the return of the Elgin Marbles ahead of meeting with British Prime Minister Boris Johnson.

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Richard Madeley announces break from Good Morning Britain

Joining Good Morning Britain presenters Susanna Reid and Ed Balls, Kyriakos Mitsotakis spoke on a variety of topics surrounding the actions of Greek policies. When probed by Balls about the Elgin Marbles and how the Prime Minister should be thinking differently about them, Mitsotakis stated they were stolen from their origins, and they didn’t belong in British museums.

Greek PM demands for the Elgin Statues to be returned after saying they were stolen (Image: ITV/GETTY)

Balls introduced the topic and asked the PM: “Our Prime Minister likes his holidays so I’m thinking a Greek trip next year when you meet him.

“He also likes Greek history, I’m sure you’ll be discussing the Elgin marbles is there a chance in persuaded this classicist Prime Minister here in Britain to start thinking in a different way about the Elgin Marbles?”

Mitsotakis explained: “Well he should, he’s a lover of classical sculptures,” however Balls interrupted and asked him why they were here.

“They’re here because they were stolen by Lord Elgin!” Mitsotakis exclaimed to which Balls retaliated: “That’s debated, stolen or legal?”

“But at the end of the day this is not a legal argument, and I don’t like to talk about the return of the marbles.”

More to follow…

The UK maintains that the marbles were legally acquired under the laws of the time.

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Content: Skip to main content Skip to navigation

Greek prime minister tries to broker deal for return of Parthenon marbles

Kyriakos Mitsotakis offers to loan Greek treasures to British Museum if ‘stolen’ sculptures are returned to Acropolis

The Greek prime minister has demanded that the 2,500-year-old Parthenon marbles, which he accuses Britain of stealing, be returned to Greece, and even offered to loan some of his country’s treasures to the British Museum in an attempt to broker a deal.

Kyriakos Mitsotakis told the Daily Telegraph that the sculptures, also known as the Elgin marbles, belong in the Acropolis Museum in Athens.

However, Boris Johnson has previously ruled out returning them on the grounds that they were acquired legally.

Mitsotakis said: “Our position is very clear. The marbles were stolen in the 19th century; they belong in the Acropolis Museum and we need to discuss this issue in earnest.

“I am sure that if there was a willingness on the part of the government to move we could find an arrangement with the British Museum in terms of us sending abroad cultural treasures on loan, which have never left the country.”

The marbles were removed from the Acropolis more than 200 years ago by Lord Elgin in circumstances that have spurred one of the world’s most famous cultural rows and have long been the subject of dispute.

Mitsotakis said he would raise the issue with Johnson when the two meet next week for talks that could shape future relations between the two countries.

“Refusing to discuss the topic seems to me, given the context of everything that has been happening in terms of the return of cultural treasures, to be rather an anachronistic approach,” he added.

“It would be a fantastic statement by what Boris calls Global Britain if they were to move on this and look at it through a completely different lens.”

But Johnson dismissed the appeal for their return to Greece earlier this year, telling the Greek newspaper Ta Nea: “I understand the strong feelings of the Greek people – and indeed prime minister Mitsotakis – on the issue.

“But the UK government has a firm, longstanding position on the sculptures, which is that they were legally acquired by Lord Elgin under the appropriate laws of the time and have been legally owned by the British Museum’s trustees since their acquisition.”

Greece has long called for the reunification of the sculptures, displayed in museums across Europe but mostly in London, and says it is integral to understanding the artworks in the context of the Acropolis.

The Greek Prime Minister, Kyriakos Mitsotakis, has offered to loan Greek treasures to the British Museum in exchange for the return of the marbles.

George Osborne, the chair of the British Museum, has expressed interest in a cultural exchange that would allow the marbles to spend time in both Athens and London.

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Content: You are here
Home > News > Parthenon marbles are to remain in the British Museum

Parthenon marbles are to remain in the British Museum

The museum might yet arrange for the sculptures to be loaned. But Sunak stated that there are no plans to change the statute, which specifies that the museum can only dispose of pieces in its collection under certain circumstances.

British Prime Minister Rishi Sunak has ruled out amending a regulation that prevents the British Museum from permanently returning the Parthenon marbles to Greece.

Sunak confirmed that they have no intention of altering the existing regulations, which limit the museum’s ability to sell or dispose of pieces in its collection except under specific circumstances.

Sunak is unlikely to break with the stances of his two predecessors, who were both against any kind of loan of the marbles to Greece.

“The UK has cared for the Elgin Marbles for generations. Our galleries and museums are funded by taxpayers because they are a huge asset to this country,” Sunak told reporters on his plane as he flew to the United States on monday

“We share their treasures with the world, and the world comes to the UK to see them. The collection of the British Museum is protected by law, and we have no plans to change it.”

Since its independence in 1832, Greece has repeatedly demanded the return of the statues known as the Elgin Marbles, which were stolen from the Parthenon temple in Athens by British ambassador Lord Elgin in the early nineteenth century, while Greece was under Ottoman domination.

George Osborne, a former finance minister and the chair of the British Museum, has been collaborating with Greece to develop a new agreement that would enable the Parthenon sculptures to be displayed in both Athens and London. The Parthenon Project, which has received support from politicians across various parties in the UK, announced on Sunday that a long-term cultural partnership agreement could potentially facilitate the return of the British Museum’s Parthenon collection to Greece.

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However, UK Prime Minister Rishi Sunak has ruled out changing the law that prevents the British Museum from permanently returning the marbles.

The issue remains unresolved, but there is ongoing dialogue and pressure from international bodies like UNESCO, which has urged the UK to reconsider its stance.

Title:

Content: Pressure grows on other restitution cases ahead of first Benin bronze return - Museums Association

Pressure grows on other restitution cases ahead of first Benin bronze return

Several breakthroughs this year have put long-running disputes under the microscope
Geraldine Kendall Adams
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Later this month the University of Cambridge will become the first institution in the UK to officially repatriate a Benin bronze to Nigeria.

Delegates from the country's Benin City, where the sculptures were looted by British forces in the punitive expedition of 1897, will be present for a handover ceremony at Jesus College on 27 October, where they will receive a bronze cockerel that was acquired by the university in 1905.

The milestone is the latest in a year of significant breakthroughs in the dispute over the sculptures; in March, the Ethnological Museum in Berlin's Humboldt Forum announced that it would enter talks with Nigeria to fully repatriate its Benin bronze holdings, and shortly after the University of Aberdeen said it would unconditionally return a Benin sculpture from its collections.

With the issue of restitution under the spotlight like never before, pressure has grown on UK institutions to resolve other long-running disputes over objects acquired in the colonial era.

Last month, a Unesco committee issued a resolution urging the UK Government to revisit its stance on the Parthenon Marbles, which have been the subject of a longstanding repatriation claim by the Greek government. Unesco's International Committee for Promoting the Return of Cultural Property criticised the conditions in which the sculptures are held at the British Museum.

Following the committee session, Greece’s culture minister Lina Mendoni said: “Together with the recommendation that was issued – referring to the poor conditions of exposure that the sculptures are kept in at the British Museum – Greece also achieved a decision from the Intergovernmental Committee that pertains specifically to the return of the Parthenon sculptures.”

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She added: “The committee urgently calls on the United Kingdom to review its position and enter into a discussion with Greece, recognising that the issue is of an intergovernmental nature – in contrast to claims from the British side that it is a matter for the British Museum – and mainly that Greece has a valid and legal claim to demand the return of the sculptures to their place of birth.”

Museums Journal understands that the resolution was met with anger at the Department for Digital, Culture, Media and Sport (DCMS), where relations with Unesco have been strained by the international heritage body's decision earlier this year to strip Liverpool’s waterfront of world heritage status, as well as its criticism of the planned Stonehenge tunnel.

A statement from the DCMS said: “We disagree with the committee’s decision adopted in the closing minutes of the session and are raising issues relating to fact and procedure with Unesco. Our position is clear – the Parthenon Sculptures were acquired legally in accordance with the law at the time. The British Museum operates independently of the government and free from political interference. All decisions relating to collections are taken by the museum's trustees.”

British Museum trustees have also made clear that they believe Unesco involvement “isn't the best way forward”. A statement from the institution said: “The British Museum has a long history of collaboration with Unesco and admires and supports its work. The trustees of the British Museum have a legal and moral responsibility to preserve and maintain all the collections in their care and to make them accessible to world audiences.

“The trustees want to strengthen existing good relations with colleagues and institutions in Greece, and to explore collaborative ventures directly between institutions, not on a government-to-government basis. This is why we believe that working in partnership across the world represents the best way forward. Museums holding Greek works, whether in Greece, the UK or elsewhere in the world, are naturally united to show the importance of the legacy of ancient Greece. The British Museum is committed to playing its full part in sharing the value of that legacy.”

Campaigners have also called on the British Museum to return a collection of sacred altar tablets – which have never been displayed or studied due to their sanctity – to the Ethiopian Orthodox Church. The items were taken during the British military assault on Maqdala in 1868.

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A letter to British Museum trustees this month, signed by high-profile figures including writer Lemn Sissay and former archbishop of Canterbury George Carey, said: “We believe that today the British Museum has a unique opportunity to build a lasting and meaningful bridge of friendship between Britain and Ethiopia by handing the tabots back to the Ethiopian Orthodox Church.”

The museum’s longstanding position is that the British Museum Act of 1963 legally prevents it from restituting objects, but a new legal opinion, which was sought by campaigners, claims that the tabots could be lawfully returned under a provision in the act allowing for the disposal of objects “unfit to be retained” that can be disposed “without detriment to the interests of students”.

The British Museum is also facing questions about its Benin bronze holdings. A group of contemporary Nigerian artists made headlines worldwide last month when they offered to exchange the historic sculptures for their own works.

“We never stopped making the bronzes even after those ones were stolen,” Osarobo Zeickner-Okoro, a founding member of the Ahiamwen Guild, told Reuters news agency at the time. “I think we make them even better now.”

The British Museum says it is engaged in “sustained and open dialogues” with Nigeria concerning the Benin collections. It is part of the Benin Dialogue Group assisting with the development of the new Edo Museum of West African Art in Benin City, and is also involved in an archaeology project in the city. The British Museum has committed to long-term loans but has not changed its stance on restitution.

Regarding its Maqdala collections, the institution says: “Discussions with Ethiopian partners concerning the Maqdala collections are continuing and the museum is actively invested in these.”

Some heritage professionals have hit back at simplistic media coverage of the issue. In a letter to the Guardian this week, Mike Pitts, editor of British Archaeology magazine, wrote: “The futures of museum collections and public statues are often portrayed by lobbyists and media as a fight between retainers and disposers. The real work is happening behind the scenes: people building new communities on the back of new engagements and research.”

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The British Museum has expressed a willingness to explore collaborative ventures with Greece, though it insists on maintaining the marbles as part of its collection.