The leading companies in quantum computing development are primarily American, including IBM, Amazon, Intel, Google, and others.

The US and China are currently leading in quantum computing development, with the technology expected to have a significant impact on various industries.

Companies like Google and IBM are leading in quantum computing development, with notable achievements including the development of one of the largest quantum computers and a quantum computer 10 billion times faster than Google's.

Oxford Quantum Circuits is a leading company in quantum computing development, with plans to raise significant funds for research and development.

IonQ is a leading company in quantum computing development, offering cloud-based quantum computing on major cloud networks.

The US and China are currently leading in quantum computing development, with the sector expected to reach a global market value of $1 trillion by 2035.

Google, IBM, and the Chinese University of Science and Technology are leading in quantum computing development, with notable achievements including the development of one of the largest quantum computers and a quantum computer 10 billion times faster than Google's.

IonQ is a leading company in quantum computing development, offering cloud-based quantum computing on major cloud networks, and is poised for a transformative moment.

IonQ is a leading company in quantum computing development, with a focus on creating stable and scalable technology, making them a prime contender in the field.

IonQ is a leading company in quantum computing development, with rapid revenue growth and significant advancements in the field.

The UAE is a leading country in quantum computing development, investing heavily in the sector and aiming to build its first quantum computer.

"Multiple countries, including 13 countries plus the European Union, are leading in quantum computing development through significant investments in research initiatives."

The United States and China are currently leading in quantum computing development, leveraging its potential to transform various industries.

"The leading countries in quantum computing development include the United States (with companies like Google and IBM) and China (with institutions like the Chinese University of Science and Technology), which are investing heavily in the field and achieving significant successes."

The UK is a leading country in quantum computing development.

The UAE is investing heavily in quantum computing, aiming to enable innovation and a knowledge-based economy through the Quantum Research Center and UAE institutes and universities.

The US and China are leading countries in quantum computing, with the UAE also investing in the sector.

The UK is investing heavily in quantum computing, with a £2.5bn investment outlined in its National Quantum Strategy, and Japan is also investing through its venture capital fund, SBI Investment.

"Switzerland is investing heavily in quantum computing through its partnership with IonQ and the establishment of a European quantum data center."

China is a leading country in quantum computing, with the development of a 504-qubit quantum computer and plans to make its computing power available to users worldwide.

The UAE is investing in quantum computing and aims to build the first quantum computer in the country through the Quantum Research Center and UAE institutes and universities.

The US and China are currently leading in quantum computing development, with the UAE also making efforts to create an attractive investment environment for the technology.

Companies like Google and IBM, as well as the Chinese University of Science and Technology, are leading in quantum computing development, with significant advancements in building large-scale quantum computers.

The UK and Japan are leading in quantum computing development, with the UK government investing £2.5bn and Oxford Quantum Circuits raising £85m for research and development projects, led by SBI Investment, Japan’s foremost venture capital fund.

IonQ is a leading company in quantum computing development, with its technology showcasing 32 qubits and a modular design, making it a pioneer in the field.

Australia is investing heavily in quantum computing, with the government committing nearly a billion dollars to build a strong quantum ecosystem.

China is the country investing heavily in quantum computing.

Canada is investing heavily in quantum computing, with a $40 million federal investment to support the development of a photonic-based, fault-tolerant quantum computer by Xanadu Quantum Technologies Inc.

Canada is a leading country in investing in quantum computing, with investments of over $1 billion in the past 10 years and an additional $360 million through its National Quantum Strategy.

China is investing heavily in quantum computing, with an estimated $15.2bn in public investment.

The UAE is investing in quantum computing and aims to build the first quantum computer in the country, indicating their involvement in the development of this technology.

The US and China are currently leading in the development of quantum computing.

The UK is attempting to position itself as a leader in quantum computing technology.

China is at the forefront of quantum computing development with the creation of a 504-qubit quantum computer, making it the most productive in the country.

"China and Russia are leading in developing quantum computing, with China Telecom Quantum Group and Rosatom announcing projects to develop local quantum computers."

The US and China are currently leading in quantum computing research, dominating the sector and poised to take advantage of its potential to transform various industries.

China is currently leading in quantum computing research, with the Chinese University of Science and Technology developing a quantum computer significantly faster than Google's.

The UK is attempting to position itself as a leader in quantum computing research.

The UK appears to be a leading country in quantum computing research, with significant investments and a national strategy in place.

China is at the forefront of quantum computing research with the development of a 504-qubit chip, making it the most powerful in the country, and its computing power will be available to users worldwide via the cloud.

Quantum computing is expected to bring radical transformations to industries dependent on speed and processing power, such as aerospace, automotive, and medicine.

Quantum computing is expected to change various industries, including military, communications, and medicine, with major technology companies like Google and IBM leading the development efforts.

Quantum computing will change industries such as healthcare and agriculture by creating new opportunities.

Quantum computing will change industries such as financial services, healthcare, and those related to climate change.

"IonQ is a leading company in quantum computing, with stable qubits and potential applications in AI and decision-making, which may impact related industries."

"Google achieved quantum supremacy using its Sycamore quantum processor in 2019."

"Alphabet (GOOGL) demonstrated quantum supremacy with its processor in 2019, marking a significant breakthrough in quantum computing."

Google has demonstrated quantum supremacy using its Sycamore processor.

Google has demonstrated quantum supremacy with its processor, creating a machine with capabilities beyond classical machines.

Google is the company that demonstrated quantum supremacy with its processor, as it is one of the leading companies in the field of quantum computing and has made significant advancements.

Eternal Mind Inc's quantum computing data center is located in the United States, specifically in Limestone, Maine.

Eternal Mind Inc's quantum computing data center is located in Maine, USA.

Quantum computing faces challenges including the need for significant investment and the risk of wasted capital, but has the potential to solve pressing global challenges with the right development and operation.

"Quantum computing companies like IonQ face challenges due to high R&D expenses, but the field's future potential and investments from countries and companies drive its development."

"China is developing a 504-qubit quantum computer, which will be made available to users via the cloud, and its technical specifications are expected to compete with international advancements."

Finland's first operational quantum computer is a 5-qubit computer, developed by VTT Technical Research Centre of Finland and IQM.

The University of Science and Technology of China is a leading institution in the development of quantum computing technologies, having successfully constructed a 255-photon-based prototype quantum computer.

The University of Science and Technology of China is developing quantum computing technologies and has achieved a significant milestone by building the fastest quantum computer in the world.

Several American companies, including IBM, Amazon, and Google, are leading the development of quantum computers.

"Google, IBM, and China are at the forefront of quantum computer development, with each having achieved quantum supremacy using their respective quantum processors."

The leading organizations in quantum computer development are IBM, Google, Microsoft, Honeywell, Intel, and Rigetti Computing, which are actively developing and commercializing quantum computing hardware and software systems.

China is leading in state funding for quantum technologies, with an investment of $15.3 billion in 2022, surpassing Europe and the United States.

Canada is leading in state funding for quantum technologies, with investments of over $1 billion in the past 10 years and an additional $360 million through its National Quantum Strategy.

China is leading in state funding for quantum technologies, with an estimated $15.2bn public investment announced by the Chinese government.

The leading companies in quantum computing development are primarily American, including IBM, Amazon, Intel, Google, and others.

Title:

Content: Alert
It will not be all DPP Lai Ching-te talking about the premier and the head of the ministry: there are already candidates to think about.
Previous articlePrevious post: The 4th Stage of Cancer Planned Funeral: Don ’ t Want to See These People
Taiwan stocks rose 124 points, the band high transaction value but hit a new low this year...
Will Quantum Day come next year?
Quantum computing threatens global military security
1994 was a turning point in quantum computing. The algorithm of the American mathematician Shue showed that the problem solving ability of quantum computers exceeds that of traditional computers, and breaking decryption code is likely to be an important early application of quantum computers.
According to Reuters, the world may celebrate “Q-day ” as soon as next year, by which time the current encryption methods will be useless before quantum computers.
In view of this, the United States and China are stealing and harvesting each other ’ s data on a large scale to decipher and intercept messages in the quantum future.
According to the Boston Consulting Group (BCG) report in May last year predicted that enterprises will profit from quantum computing as soon as next year; by about 2035, quantum data may bring users as much as $850 billion (about NT $26.8 trillion) in benefits, quantum technology will mature in that year.
Quantum computers are expected to be able to crack cryptographic codes in minutes, rather than the thousands of years it would take for traditional computers today.
Industry experts claim that North America is the center of quantum computing.
American companies build quantum processors including IBM, Amazon, Intel, Google, Quantinum, IonQ, Microsoft, QCI and Rigetti Computing.
As of the previous year, the United States, the United Kingdom and Canada also had the largest number of startups in the industry, according to the McKinsey report.
As for China, Genyuan Quantum announced in January last year that it had delivered a fully homemade 24 qubit quantum computer to customers and expected to develop a 1024 qubit quantum computer next year. In November last year, Alibaba Group donated the quantum computing laboratory and related experimental equipment of its research institute, Damo Institute, to Zhejiang University.
Baidu also followed suit this month by donating a quantum computing lab and equipment to the Beijing Institute of Quantum Information Sciences, which is supported by the Chinese government.
Others include Guodun Quantum, Guoyi Quantum, Turing Quantum, and the Chinese Academy of Sciences, the country's top scientific and technological academic institution, each developing quantum computing technology.
However, under this 1 quantum trend, the major countries in the United States and China are preparing for the future, lest in the quantum future, far more powerful than the current fastest supercomputer, will be able to crack the password to protect almost all modern communications.
Tilo Kunz, vice president of QD5, a Canadian security company, said that according to the minutes of the meeting released by the US Defense Information Systems Agency, all countries have tried to steal data, that is, to carry out a "harvest now, decipher later" security attack.
The military will discover that its long history of planning and intelligence has caught the eye of the enemy, that corporate intelligence has been stolen, and that people ’ s health records will be revealed.
However, opinions differ on when the quantum day "big limit" will come.
Quantum computing is still in its early days, and only small quantum computers with limited processing power and error-prone capabilities have been built.
Some researchers estimate that Quantum Day may be approaching by the middle of the century.
No one knows who can get there first.
The United States and China are seen as leaders in the field, and many experts believe the United States still prevails.
Researchers believe that more important than breaking the decryption code, quantum computers use the mysterious properties of subatomic particles, which are expected to bring breakthroughs in science, weapons equipment and industry.
Beijing Information Security Quantum Computing Quantum Computer
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Will Quantum Day come next year?
Quantum computing threatens global military security
In 1994, the turning point of quantum computing, the American mathematician Shue's algorithm showed that the problem solving ability of quantum computers exceeds that of traditional computers, and breaking decryption code is likely to be a quantum computer.
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What countries and blocs are leading in developing quantum computing?

What seminal quantum computers/ processors have been developed?

IBM's 1,121 Quantum Condor
20-qubit "IBM Q System One"

The US and China are currently leading in quantum computing development, with the technology expected to have a significant impact on various industries.

Title:

Content: Monday, 25 March 2024 02: 58 GMT
UAE invests in ‘ quantum computing ’ to look to the future
(MENAFN- Al-Bayan)
The UAE is investing in the sector of quantum computing, which is expected to reach a global market value of $1 trillion in 2035, as one of the fastest expanding fields of technology in the world and because of its innovative applications capable of solving challenges in many sectors, because of its strength and speed in calculating physical phenomena, compared to traditional computers.
The UAE aims to invest in quantum computing to enable innovation and a knowledge and sustainable economy through the Quantum Research Center and UAE institutes and universities to explore the future of this vital sector. The Institute of Technology Innovation ’ s (TII) Quantitative Research Center is working to build the first quantum computer in the UAE, according to the Interregional Center for Strategic Analytics in Abu Dhabi.
The UAE has quickly realized the benefits of the quantum computing sector in all sectors and fields, especially in the economy and scientific research, as part of the country ’ s long-term strategies to keep pace with the global technological development represented by the fourth industrial revolution and artificial intelligence, which will change the face of the world in the coming years.
IDC expects global investments in quantum computing to reach $16.4 billion by the end of 2027, with a compound annual growth rate of 11.5%, which includes investments by the public and private sectors and R & D spending from technology, services and finance companies.
There is growing interest in quantum computing by global government agencies, with 14 of them (13 countries plus the European Union) announcing multi-year initiatives that will generate billions of dollars for quantum computing research.
The center said that the UAE is among the 50 projects working to create an attractive investment environment for investments in new and future sectors, including quantum computing technology.
According to Accenture Middle East, quantum computing technology is advancing rapidly, making it a promising technology sector.
The US and China dominate the quantum computing sector to take advantage of the features of the new technological revolution that has enabled scientists to study the basic particles of matter, whose applications have multiplied across different fields despite their relative novelty, promising radical transformations for any industry dependent on speed and processing power, including aerospace, automotive, medicine and others.
Quantum computing technologies have a huge market value, with quantum computing alone expected to reach a global market value of $1 trillion by 2035.
Quantum technology has played a role in many areas, including complex mathematical models, simulations, electronic devices, CT scanners and many others, as it has the potential to revolutionize the way humans communicate and process information at record speeds.
The most prominent areas of use of quantum computing can be found in many fields of military, communications and medicine, and can address economic crises and challenges quickly, and there is no doubt that quantum computing technology can change the map of national industries.
Major technology companies are leading efforts to develop quantum computing, with Google Research Lab and IBM, which built one of the largest quantum computers in the field, and the Chinese University of Science and Technology has developed a quantum computer that is 10 billion times faster than the computer developed by Google.
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Companies like Google and IBM are leading in quantum computing development, with notable achievements including the development of one of the largest quantum computers and a quantum computer 10 billion times faster than Google's.

What advantages do quantum computers have over conventional computers?

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Oxford Quantum Circuits is a leading company in quantum computing development, with plans to raise significant funds for research and development.

Title:

Content: While the UK considers where to channel investment, we need to ensure that quantum technology is at the forefront of those considerations.

Quantum will not only drive our economy, but will also help create new opportunities in different sectors, ranging from healthcare to agriculture.

At the Global Investment Summit (GIS) last month, Prime Minister Rishi Sunak announced a three-fold increase, up to £29.5bn, from the world’s leading investors in new UK projects and capital.

These funds will be channelled into “high-growth projects” in the UK, including quantum technology.

It is great to see quantum being recognised as a potential game changer in the future of the UK economy, and it is important that we continue this momentum.

Quantum’s economic and social value

Quantum provides an exciting opportunity for the economy because the technology has a wide range of possible applications.

The last decade has seen an 81% growth in the quantum sector and now contributes an estimated £1.7bn to the UK economy. Financial services, healthcare and climate change - all major sectors in the UK ecosystem - are just three of the areas that will be enhanced by quantum.

The ability to optimise complex financial portfolios in real-time or simulate molecular interactions with unprecedented accuracy could reshape sectors in their entirety. Molecular interaction simulation can assist the healthcare industry to an immense extent.

Possibilities include being able to improve the process of accurately modelling how new drugs will impact different types of conditions and diseases - leading to breakthroughs in serious and harder-to-treat illnesses.

This technology will also help us in the battle against climate change, specifically in its ability to predict weather more accurately. Current computational power for measuring CO2 does not always predict the correct climate outcome, as we saw with the MET office’s prediction for Storm Ciaran.

As quantum technology is introduced into these sectors, it will forecast weather more accurately than our current conventional methods, therefore enhancing the precision of new data.

However, in order to see these possibilities realised, quantum needs investment from the government; it needs further development and innovation to be able to reach its potential.

Nurturing this sector is crucial not only to cement the UK as a leader in this technology, but to enable us to develop the tools that can tackle pressing global issues, whether that is developing more solar farms or investing in nuclear energy.

Investment moves to boost growth

Earlier in 2023, the UK government published its 10-year vision, the National Quantum Strategy. This outlines £2.5bn of public and private investment into the rapidly growing quantum sector.

At the GIS, Oxford Quantum Circuits stated its intention to raise £85m for research and development projects, while SBI Investment - Japan’s foremost venture capital fund - is leading the raise. This raise will be the largest for Series B in quantum computing ever in the UK, supporting the need for investment to empower growth.

Quantum computers need to be developed and operated by the brightest minds in the field to solve the world’s most pressing challenges – from climate change to accelerated drug discovery.

It is crucial that we make investments that induce growth in all sectors, combating concerns about additional capital in quantum being 'snake oil'.

Investment in devices and systems which rely on quantum mechanics will provide capabilities that classical machines cannot; it is just a matter of time.

Facilitating long-term growth

While investment in quantum has not always led to growth, with several smaller enterprises struggling in the short term, it is important that we are supporting research and innovation in this sector in order to facilitate long-term growth.

Quantum technology has a unique power to solve problems that classical computers cannot manage.

When performing complex calculations, quantum is able to pinpoint a more precise answer among the billions of alternate possibilities.

Therefore, with the potential for groundbreaking advancements and transformative applications, quantum computing is set to drive innovation, reshape industries, and unlock new possibilities we can hardly fathom today, culminating in growth.

Graeme Malcolm OBE is the chief executive and founder of M Squared

What countries and blocs are leading in developing quantum computing?

IonQ is a leading company in quantum computing development, offering cloud-based quantum computing on major cloud networks.

Title:

Content: Bet on THIS Underrated Quantum Computing Stock for Long-Term Gains

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  • IonQ (IONQ) stands poised for a transformative moment, and early investors are positioned advantageously for this upcoming shift.
  • Quantum computing uses quantum mechanics for functions beyond classic computers’ capabilities.
  • The company exclusively offers cloud-based quantum computing on major cloud networks.

Proposed by Feynman in the 1980s, quantum computing has rapidly evolved, offering unique capabilities beyond classical computers. Shor’s Algorithm, for example, could break modern encryption, while other advancements offer unparalleled benefits.

Promising quantum computing stocks emerge as a niche industry poised for growth, making it an opportune investment. Riding the quantum wave through stocks, particularly in quantum computing, presents substantial potential gains.

IonQ (NYSE:IONQ), a quantum computing firm, showcases captivating technology. Their latest, Forte, boasts 32 qubits. IonQ aims to interconnect these for a modular, scalable design.

The company employs trapped ion qubits, which are exceptionally stable compared to other qubits. Long-term stability is vital for quantum computers’ utility, rendering IonQ a prime contender among potential stock investments.

Underrated Quantum Computing Stock

GeekWire highlighted IonQ’s leading quantum computer, Forte, and its upcoming Seattle-based successor. Quantum computing surpasses today’s AI, offering extraordinary potential.

Real-world quantum computing applications could be closer than expected, according to IonQ’s co-founder Chris Monroe.

IONQ stock rose this year due to its AI-related reputation. However, it’s more than AI hype; the company is a quantum computing pioneer. IonQ even creates human cognition models on quantum hardware, paving the path for improved decision-making imitating human thought.

IONQ Fundamentals

IonQ’s Q1 2023 earnings report shows rapid revenue growth year-over-year, from $2M in Q1 2022 to $4.3M in Q1 2023. However, R&D expenses outpaced these revenue gains, leading to a net loss which surged from $4.2M to $27.3M.

Despite substantial cash and investments, IonQ remains speculative but promising. Quantum computing’s future potential aligns with rapid growth and key technology, making IonQ a top contender in the quantum computing stocks to buy.

In Q2 earnings released on Aug. 10, revenue soared 111% year-over-year to $5.5 million.

New bookings reached $28 million, totaling $32.2 million in 2023. CEO Peter Chapman noted progress towards their revised $49-$56 million annual bookings goal and $100 million cumulative bookings target within IonQ’s first three commercial years (starting 2021).

What Now

IonQ’s global presence is evident in its partnership with QuantumBasel, Switzerland’s premier quantum computing hub. Forbes reports their joint venture entails establishing a European quantum data center and deploying two advanced IonQ quantum computers at QuantumBasel.

Beyond present AI, IonQ advances ultra-powerful quantum computing technology, an often overlooked opportunity for future-facing investors.

IONQ stock looks to be a speculative buy for investors looking for exposure to both the quantum computing sector as well as AI. While the company has a long road ahead, this is a stock that’s sufficiently small that it might generate massive returns over the long-haul for those looking to take the risk.

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

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

Article printed from InvestorPlace Media, https://investorplace.com/2023/08/bet-on-this-underrated-quantum-computing-stock-for-long-term-gains/.

©2023 InvestorPlace Media, LLC

What companies are leading in developing quantum computing?

The US and China are currently leading in quantum computing development, with the sector expected to reach a global market value of $1 trillion by 2035.

Google, IBM, and the Chinese University of Science and Technology are leading in quantum computing development, with notable achievements including the development of one of the largest quantum computers and a quantum computer 10 billion times faster than Google's.

What advantages do quantum computers have over conventional computers?

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

IonQ is a leading company in quantum computing development, offering cloud-based quantum computing on major cloud networks, and is poised for a transformative moment.

What companies are leading in developing quantum computing?

IonQ is a leading company in quantum computing development, with a focus on creating stable and scalable technology, making them a prime contender in the field.

What are important areas in quantum research?

What companies are leading in developing quantum computing?

IonQ is a leading company in quantum computing development, with rapid revenue growth and significant advancements in the field.

What companies are leading in developing quantum computing?

The UAE is a leading country in quantum computing development, investing heavily in the sector and aiming to build its first quantum computer.

"Multiple countries, including 13 countries plus the European Union, are leading in quantum computing development through significant investments in research initiatives."

What countries and blocs are leading in developing quantum computing?

The United States and China are currently leading in quantum computing development, leveraging its potential to transform various industries.

"The leading countries in quantum computing development include the United States (with companies like Google and IBM) and China (with institutions like the Chinese University of Science and Technology), which are investing heavily in the field and achieving significant successes."

What companies are leading in developing quantum computing?

The UK is a leading country in quantum computing development.

What countries and blocs are leading in developing quantum computing?

The UAE is investing heavily in quantum computing, aiming to enable innovation and a knowledge-based economy through the Quantum Research Center and UAE institutes and universities.

The US and China are leading countries in quantum computing, with the UAE also investing in the sector.

The UK is investing heavily in quantum computing, with a £2.5bn investment outlined in its National Quantum Strategy, and Japan is also investing through its venture capital fund, SBI Investment.

What countries and blocs are leading in developing quantum computing?

"Switzerland is investing heavily in quantum computing through its partnership with IonQ and the establishment of a European quantum data center."

What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

China is a leading country in quantum computing, with the development of a 504-qubit quantum computer and plans to make its computing power available to users worldwide.

Title:

Content: China gives users cloud access to 504 qubit quantum computer
Digital and Social Media
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Copy Link https: / / www.rt.com / xfrn
China Telecom Quantum Group and QuantumCTek will develop a quantum computer based on a new 504-qubit chip.
Qubits are the basic unit of information in quantum processors and quantum computing.
According to Xinhua, the quantum computer will become the most productive in China, and its computing power will be available via the cloud to a wide range of users around the world.
The superconducting chip, called Xiaohong, developed at the Chinese Academy of Sciences ’ Innovative Research Center for Quantum Information and Quantum Physics, will become the most powerful in China, capable of performing kilocopit measurements, the agency said.
The developer team from the Chinese Academy of Sciences said the chip's technical specifications will compete with international advanced developments in quantum computers.
China Telecom Quantum Group deputy general manager Fan Zhang said the chip will enable users in various fields to conduct research on problems and algorithms of practical importance and accelerate the implementation of quantum computing in practice.
He added that his company will develop on the basis of the new chip the local quantum computer and through its own cloud platform will provide foreign users with access to its computing power.
In November 2019, Rosatom announced the launch of a project to develop a local quantum computer.
The cost of the project is estimated at 24 billion rubles.
In order to realize the project, the National Quantum Laboratory was established in 2020, which included JV Kvant, the Russian Quantum Center and 19 leading universities in the country.
Source: TASS
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What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

The UAE is investing in quantum computing and aims to build the first quantum computer in the country through the Quantum Research Center and UAE institutes and universities.

The US and China are currently leading in quantum computing development, with the UAE also making efforts to create an attractive investment environment for the technology.

Companies like Google and IBM, as well as the Chinese University of Science and Technology, are leading in quantum computing development, with significant advancements in building large-scale quantum computers.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

IBM's world's first integrated quantum computing system, IBM Quantum System One

The UK and Japan are leading in quantum computing development, with the UK government investing £2.5bn and Oxford Quantum Circuits raising £85m for research and development projects, led by SBI Investment, Japan’s foremost venture capital fund.

What countries and blocs are leading in developing quantum computing?

IonQ is a leading company in quantum computing development, with its technology showcasing 32 qubits and a modular design, making it a pioneer in the field.

What are important areas in quantum research?

What companies are leading in developing quantum computing?

Australia is investing heavily in quantum computing, with the government committing nearly a billion dollars to build a strong quantum ecosystem.

Title:

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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China is the country investing heavily in quantum computing.

Title:

Content: US-China technology war threatens scientific progress
US-China technology war threatens scientific progress
The world is currently witnessing an escalating technological war between the United States and China, while Europe is also participating in it, but only timidly, as its efforts to maintain technological supremacy decline due to stagnation in this area.
As the major powers in that war seek to protect themselves from technological dependency, it could threaten the world ’ s progress and prosperity by fragmenting it into competing technological worlds.
Hiba Muhyi
German writer Wolfgang Hearn published a book in 2024 entitled “The Technological War between China and the United States and the European Position on Competition ”, in which he discusses the historical role of these major powers in supporting the march of technological progress, and the most important technological fields that are grappling with, especially quantum computing, artificial intelligence, biotechnology and others, as well as the dangers of this conflict and the feasibility of cooperation between powers in the technological field.
The book traces the knowledge and technological contributions of the United States, China and Europe, noting that Washington established modern global technological development when the Second Industrial Revolution began with the discovery of electricity and the Third Industrial Revolution with the introduction of computers.
This was followed by innovations such as the Internet and electronic chips.
According to a report published by the Future Institute for Advanced Studies and Research, this American success is due to the availability of elements of knowledge (universities and research bodies) and capital.
China contributed to historical technological development during the period (960 – 1279 AD) through the invention of paper, printing art, powder gunpowder and magnetic compass, followed by a rapid decline due to, inter alia, the Opium Wars, the end of the Empire, and civil wars, until China intensified efforts to achieve a slow recovery beginning in 1978, and then a strong rise during the last two decades.
Europe experienced the first industrial revolution a hundred years ago, as it pioneered natural sciences and medicine at the time, but there is now a marked decline in several technological areas when compared to Beijing and Washington, and this affected leading European industries, such as the automotive industry; where leading companies, such as Volkswagen, lag in the areas of autonomous and automated driving.
The book offers several technological areas in which conflicts between major powers arise, as follows:
Artificial Intelligence: Artificial intelligence applications aim to simulate the human mind in its patterns of thinking and processing of data, which makes the performance of complex tasks entrusted to it.
The United States provides support to companies involved in this field, resulting in the launch of ChatGT in 2022, which can be used to obtain high-quality and accurate answers on various topics.
China has banned the app and created its latest emulator, Ernie Bot, which was launched in 2023.
European efforts to invest in artificial intelligence appeared disappointing, with the German minister of research presenting a plan of action aimed at investing about 1.6 billion euros by 2025 in the field.
Semiconductors or electronic chips are used in various low-tech devices, from washing machines to missiles, a US invention that emerged in the 1950s, but two companies currently monopolize the field: Samsung in South Korea and TSMC in Taiwan, and Beijing, Washington and Europe cannot compete, at least in the near term.
Digital transformation: Digital transformation aims to embed technological technologies into business and social processes and interactions.
Washington and Beijing dominate this area, the first is the main founder of the four Internet giants Google, Apple, Facebook and Amazon, while the second contributed three rival giants, namely: Baidu, Alibaba and Tencent, while Europe is at the bottom of the list of leading companies such as: Zalando and Otto.
Quantum computing and quantum theory: The field of quantum computing is based on combining disciplines, such as computer science, physics and mathematics, using quantum theory to achieve sophisticated analytical processing of data that ordinary computers cannot process with the same speed and accuracy.
This contributes to breakthroughs in many fields, such as medicine, by making it possible to diagnose and treat diseases cheaply such as Alzheimer ’ s, epilepsy and Parkinson ’ s.
It also alters war strategies by creating a radar based on quantum technologies that can track and locate an adversary.
China tops the list of investors in this new technology.
According to U.S. consulting firm McKinsey, Chinese investment reached $15.3 billion in 2022.
It was followed by Europe with $7.2 billion and the United States with $3.7 billion.
• Energy generation: States are seeking to exploit technology to provide promising and safe ways to generate energy from it, nuclear fusion (the production of an artificial sun), which is based on the idea of merging two light atomic nuclei of hydrogen isotopes such as deuterium and tritium to produce one heavier atomic nucleus of a new element, helium, as happens on the surface of the sun.
This fusion is accompanied by the emission of four times the amount of energy produced by nuclear fission reactions.
However, there are obstacles to the actual implementation of this technology, such as the need to provide high temperatures of up to 100 million degrees Celsius to ensure that no long-term greenhouse gases or radioactive waste is produced.
Despite the difficulty of using fusion in power generation in the near future until 2050, countries are sparing no effort to develop this technology; China has developed several nuclear fusion reactors, the latest of which is the advanced experimental Tokamak designed to provide temperatures of up to 120 million degrees Celsius in 2022.
The United States is also interested in supporting related research and partnering with Japan this year to accelerate nuclear fusion development.
Europe is also making concrete efforts in this area through the joint European-Japanese project JT-60SA in 2022.
Biotechnology and medicine: applications of digital health care, genetic foods, and genetic scissors (Chris BR), which refers to a technique used to cut and modify DNA in a targeted way; genes can be inserted, removed, or disabled, whether in plants, animals, or humans; making its use ethically accountable, especially if applied to humans.
China uses it in agriculture to ensure the production of genetic foods and provide needed food for its people, while the United States approved the first treatment for sickle cell disease late last year, and the use of the technology in Europe faces strict legal rules according to the judgment of the European Court of Justice in 2018.
Space travel: The United States, China and Russia have paid special attention to space by sending missions and spaceflight to the Moon and Mars.
But competition between Washington and Beijing has now subsided as Moscow has been hit by financial crises.
The technological impulse of Washington and Beijing supports the economic impulse in this area: the need to mine space and reveal its resources that can be used, and for Europe it does not yet have an ambitious and practical policy to invade space.
Patents and people: The United States tops the list, with its universities, research centers and capital, while China filed nearly 3 million patents in 2023, of which only 10 percent were accepted.
Germany is a European power in the field of patents, but has been in decline recently, according to the German government ’ s report on the future strategy for research and innovation.
Because the human element is the most important link in the development of technology and the registration of patents, the major powers take several ways to prepare the human element, especially in the fields of mathematics, computer science, natural sciences and technology, but suffer a huge gap between supply and demand.
But China has two competitive advantages: huge numbers graduate each year from universities, and an active policy of sending students and scientists abroad to study and train and then calling them back when needed.
According to the book, the technological struggle between major powers cannot be confined to the former; there are other promising areas.
In the military field, combat drones and autonomous military robots can be built that make decisions on the battlefield autonomously without the need for human intervention.
At the urban level, smart cities can be created that rely on the Internet of Things to do their functions quickly and with a high degree of accuracy, such as facilitating traffic in those cities, rationalizing the energy used and environmental monitoring for any potential environmental risks.
Technology cooperation between China, the United States and Europe is crucial, especially in the circumstances of climate change, energy crises and migration, especially as the continuation of the technological war will lead to a global rise in prices, a decline in welfare rates and a decline in global total production by 7 percent, according to economists at the International Monetary Fund.
It is expected that the current technological war between Beijing and Washington will lead to technical fragmentation, as two different technological worlds, one American and the other Chinese, may arise, as has already happened with the Internet, resulting in increased costs for consumers and producers and a slowdown in the desired development to prevent the exchange of knowledge and technology between the two worlds.
While the writer understands the need for countries to protect their economies and technological progress from falling into the trap of dependence, the solution is to take an approach aimed at reducing those risks by diversifying relations with many international actors and forming alliances rather than cutting trade and technology ties, as happened between the United States and China in the trade war launched by former US President Donald Trump.
arabic

How much have countries and blocs invested in quantum computing?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

China's "Zu Chongzhi-2" quantum supremacy experiment

China's "Jiuzhang-2" quantum supremacy experiment

What seminal quantum computers/ processors have been developed?

China's 72-qubit Origin Wukong
China's 113-qubit Jiuzhang 2.0

Canada is investing heavily in quantum computing, with a $40 million federal investment to support the development of a photonic-based, fault-tolerant quantum computer by Xanadu Quantum Technologies Inc.

Title:

Content: There were 1,711 press releases posted in the last 24 hours and 342,181 in the last 365 days.

Supporting Canada's leadership in quantum computing to grow the economy and create jobs

TORONTO, Jan. 23, 2023 /CNW/ - Quantum technologies are at the leading edge of science and innovation. As Canadian researchers, workers and businesses continue to demonstrate leadership on the world stage in innovating and developing quantum technologies, we have the potential to transform how we work and live in Canada and around the world – in areas from fighting climate change to making advancements in health care. The Government of Canada will continue to support Canadian companies to help them keep growing and staying competitive, while driving economic growth and creating highly skilled and well-paying jobs for Canadians.

The Prime Minister, Justin Trudeau, today announced a new federal investment of $40 million to enable the Toronto-based Canadian quantum computing company Xanadu Quantum Technologies Inc. to build and commercialize the world's first photonic-based, fault-tolerant quantum computer. Once developed, this computer will have the potential to provide world leading capabilities to help solve complex data problems and could be used in a variety of sectors such as finance, transportation, environmental modelling, and health.

Supported through the government's Strategic Innovation Fund, this $177.8 million project is expected to create 530 new highly skilled positions in the high-tech and quantum computing fields.

Home to some of the world's largest quantum tech hubs, Canada is well positioned to become a global leader in the developing quantum sector, which will create new opportunities for Canadians and Canadian businesses. The Government of Canada will continue to invest in innovative companies to grow the economy and create highly skilled and well-paying jobs for Canadians.

Quotes

"Quantum technology is changing the world as we know it. With the potential to solve difficult problems in key areas such as health care, finance, and climate sciences, this sector expands the realm of possibility. Today's announcement is great news for Canadian workers and businesses. This investment will bring good jobs, spur economic growth, boost innovation, and solidify Canada as a world leader in quantum technology."

— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

"Quantum technologies will set the course of the future and thanks to companies like Xanadu, Canada is at the forefront ready to lead. With today's announcement, our government is strengthening Canada's position in quantum technology and helping to create more economic growth and good jobs for Canadians. We'll continue to build this sector through our National Quantum Strategy and support made-in-Canada technology so Canada remains a world leader for decades to come."

— The Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry

"The government's continued investment in quantum technologies has been invaluable to our success. We are proud to be a Canadian company and, with this investment, are excited to enter the next phase in our mission to build quantum computers that are useful and available to people everywhere."

— Christian Weedbrook, Founder and CEO, Xanadu

Quick Facts

  • Since the birth of quantum science more than 100 years ago, quantum technologies have been the source of many game-changing innovations such as semiconductors and the laser.
  • Quantum science is the study, manipulation, and control of systems at the atomic and subatomic level.
  • It is estimated that by 2045, the Canadian quantum industry will be a $139 billion industry, including all economic effects, and account for over 200,000 jobs, according to a study commissioned by the National Research Council in 2020.
  • Earlier this month, the Government of Canada launched its National Quantum Strategy, which invests an additional $360 million to help solidify Canada as a global leader in quantum technologies.
  • Over the past 10 years, the Government of Canada has invested more than $1 billion in quantum research and science.
  • Additionally, the government has invested in bringing new quantum technologies to the Canadian and global markets, including investments through Canada's regional development agencies, the Strategic Innovation Fund, and the National Research Council of Canada's Industrial Research Assistance Program.
  • Xanadu is a notable contributor to Canada's innovation ecosystem and has committed to continuing to support innovation, growth, and Canada's research and development sector.
  • Founded in 2016, Xanadu is a Toronto-based Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu has become one of the world's leading quantum hardware and software companies and leads the development of PennyLane, an open-source software library for quantum computing and application development.

Associated Links

This document is also available at https://pm.gc.ca

SOURCE Prime Minister's Office

View original content: http://www.newswire.ca/en/releases/archive/January2023/23/c3179.html

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Canada is a leading country in investing in quantum computing, with investments of over $1 billion in the past 10 years and an additional $360 million through its National Quantum Strategy.

What countries and blocs are leading in developing quantum computing?

China is investing heavily in quantum computing, with an estimated $15.2bn in public investment.

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  1. Hardware
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April 25, 2023

Investment in quantum technology hit a record $2.35bn last year

Billions of dollars have been invested in quantum technology since 2001 with the majority of that investment happening since 2020.

By Ryan Morrison

Quantum technology companies attracted more than $2.35bn in private investment last year, slightly breaking the record set in 2021. A new report by McKinsey suggests this investment could be well placed, as companies deploying quantum stand to gain $1.3trn in value by 2035. To unlock this potential companies have to focus on attracting top talent and scaling up the speed and accuracy of qubits. One expert says public and private sector organisations have a role to play in solving the talent problem.

The McKinsey report suggests four industries are likely to see the earliest impact – automotive, chemicals, financial services and life sciences. This is because these areas have high compute needs and complex problems where quantum advantage is likely to come earlier.

A significant amount of investment in quantum technology is going to start-ups that came into the industry in the past two years. According to McKinsey, 68% of the money put into quantum since 2001 has been invested in the last two years

As of last year, that investment is being spread over fewer new companies. In 2021, 41 quantum technology start-ups were founded, dropping to 19 in 2022 which, according to McKinsey suggests money is going to established start-ups rather than new companies, which could be tied to difficulties in attracting new talent.

The report suggests investors are looking for companies “ready to scale”, with four of the ten largest investment deals since 2001 closed in 2022. Some of these have been worth up to $500m and seven of the ten largest deals in 2022 were worth more than $100m.

Public sector investment is also growing rapidly with the US committing $1.8bn in 2022, the UK will spend £2.5bn over a decade and the EU has $1.2bn for quantum on the table. These are all dwarfed by the estimated $15.2bn public investment in quantum announced by the Chinese government.

Another reason for the redirection of investment towards more established companies could be tied to the slowdown in major scientific breakthroughs, the report authors speculated.

Many of the early-stage quantum technology companies are formed out of university projects and in 2022 the number of published papers on quantum technology declined by 61% between 2020 and 2021. There was another decline, of about 5% between 2022 and 2021. This, they wrote, could be due to challenges becoming harder to solve.

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Need for ‘fault -olerant’ quantum machines

The next stage in quantum computing requires both a ramp-up in qubit numbers and quality to create “fault-tolerant” processors capable of solving real-world problems more accurately and faster than classical computers. The problem is that while qubit numbers have been growing steadily, the quality hasn’t kept pace.

IBM has gone from a 20-qubit processor in 2019 to announcing a 1,000+ qubit machine due for release next year, but it also has a second track of processors with better quality qubits but far fewer actual qubits on each chip.

“In each of the five main approaches to quantum computers, difficult challenges remain,” the authors wrote. This is across all the main types of qubit being developed. For example, in photonics these devices still “leak” photons which results in computation failures and high error rates. In superconducting systems like those used by IBM and Google there are issues scaling up the control and cooling systems to handle potentially thousands of qubits.

These problems have to be solved to unlock the economic value the technology holds, the report authors declared. As economic value depends on speedup, which depends on algorithm complexity, execution time and problem size.

Achieving this scale-up will require top talent and while the talent gap is “significant”, McKinsey suggests it is narrowing in quantum technologies. “Our analysis shows that nearly two-thirds of open jobs in the industry could be filled with new masters’-level graduates in 2022.”

There are still shortages though, with OECD figures showing 717 active job postings last year and 450 master's-level graduates with degrees applicable to those vacancies. This was better than in 2021 when there were 851 job vacancies and just 290 graduates.

Talent isn't evenly spread. Based on density per million inhabitants the EU and UK are top destinations for graduates in quantum technology-relevant fields with 303 per million graduating in the EU in 2020 and 217 per million in the UK.

Ekaterina Almasque, general partner at VC fund OpenOcean, told Tech Monitor the quantum industry was “in its growth phase”, making it extremely challenging to find talent with the necessary skills across a range of technologies and services. “Most individuals working in the industry today were introduced to the concept of quantum computing at a relatively late stage," Almasque says. "While this will change naturally as the industry becomes more established, the private and public sector stakeholders of quantum computing must work together to improve this.”

She adds: “From a European perspective, many pioneering quantum computing businesses are pushing to become world leaders. For Europe to properly establish and maintain a lead in quantum computing, there must be a broad, strategic initiative for early education in quantum computing.”

  • Ryan Morrison writes a new weekly newsletter, Quantum Untangled, looking at the practical applications of quantum computing and interviewing leading figures from the industry. Sign up here.

Read more: How will the UK develop quantum computer regulation?

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What countries and blocs are leading in developing quantum computing?

The UAE is investing in quantum computing and aims to build the first quantum computer in the country, indicating their involvement in the development of this technology.

What are important areas in quantum research?

The US and China are currently leading in the development of quantum computing.

What seminal quantum computers/ processors have been developed?

China's 72-qubit Origin Wukong
China's 113-qubit Jiuzhang 2.0

The UK is attempting to position itself as a leader in quantum computing technology.

What countries and blocs are leading in developing quantum computing?

China is at the forefront of quantum computing development with the creation of a 504-qubit quantum computer, making it the most productive in the country.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

"China and Russia are leading in developing quantum computing, with China Telecom Quantum Group and Rosatom announcing projects to develop local quantum computers."

What are important areas in quantum research?

The US and China are currently leading in quantum computing research, dominating the sector and poised to take advantage of its potential to transform various industries.

China is currently leading in quantum computing research, with the Chinese University of Science and Technology developing a quantum computer significantly faster than Google's.

What countries and blocs are leading in developing quantum computing?

What seminal quantum computers/ processors have been developed?

China's 72-qubit Origin Wukong
China's 113-qubit Jiuzhang 2.0

The UK is attempting to position itself as a leader in quantum computing research.

What countries and blocs are leading in developing quantum computing?

The UK appears to be a leading country in quantum computing research, with significant investments and a national strategy in place.

What countries and blocs are leading in developing quantum computing?

China is at the forefront of quantum computing research with the development of a 504-qubit chip, making it the most powerful in the country, and its computing power will be available to users worldwide via the cloud.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Quantum computing is expected to bring radical transformations to industries dependent on speed and processing power, such as aerospace, automotive, and medicine.

What advantages do quantum computers have over conventional computers?

extremely complex calculations
extremely fast calculations

Quantum computing is expected to change various industries, including military, communications, and medicine, with major technology companies like Google and IBM leading the development efforts.

What countries and blocs are leading in developing quantum computing?

Quantum computing will change industries such as healthcare and agriculture by creating new opportunities.

Quantum computing will change industries such as financial services, healthcare, and those related to climate change.

What fields can quantum computers advance?

"IonQ is a leading company in quantum computing, with stable qubits and potential applications in AI and decision-making, which may impact related industries."

What are important areas in quantum research?

implementations of quantum processors
new types of qubits

What companies are leading in developing quantum computing?

What fields can quantum computers advance?

"Google achieved quantum supremacy using its Sycamore quantum processor in 2019."

Title:

Content: Google, IBM and China have already achieved quantum supremacy. Now they face another challenge: the correction of errors

Quantum supremacy is no longer at the center of the debate. It was at the end of 2019 because it came to light that the Google team led by John Martinis had managed to achieve it using its Sycamore quantum processor, and no one had done it until that moment. The noise that this news caused when it broke was justified.

But a year later, in December 2020, the group of Chinese researchers led by Jian-Wei Pan published an article in Science showing that I had also reached using its Zuchongzhi superconducting processor. And a year later, in November 2021, IBM followed suit and announced that it had reached this milestone using its 127-qubit Eagle quantum processor.

At this point no one doubts that quantum computers have come a long way. And, furthermore, they have done it in a real record time if we bear in mind that the first solid theoretical proposals arrived in the mid-1990s. And they are already capable of solving a few problems (very few still). in much less time than the most advanced supercomputers we currently have.

In fact, this is what quantum supremacy consists of: in solving in a short period of time, a few minutes or a few hours, a problem in which a classical supercomputer would spend many years. Even several centuries. Or millennia. Right now it is not too important whether these problems have practical applications or not. Whether or not they are relevant. We are still establishing the foundations of quantum computing, and the important thing is to face the challenges that are around the corner.

In search of higher quality qubits

One of the biggest challenges facing researchers involved in the development of quantum computing is delaying the onset of quantum decoherence. This phenomenon occurs when the necessary conditions for a system that is in an entangled quantum state to be maintained disappear.

Perhaps a slightly simpler way of describing it is to see it as a system that stops behaving as dictated by the rules of quantum mechanics when certain conditions are met, beginning to behave from that moment on as dictated by the rules of classical physics. . When does quantum decoherence appear? quantum effects disappear. And, therefore, also the advantages that they bring in the context of quantum computing.

The time it takes for quantum decoherence to appear is closely linked to the quality of the qubits

This phenomenon is very important because it helps us understand why many macroscopic physical systems do not exhibit quantum effects. Or, what is the same, why in our daily environment we cannot observe the counterintuitive effects of quantum mechanics. In any case, what is really relevant is that as the the quality of the qubits of a quantum processor, the longer it takes for quantum decoherence to appear. And, for this reason, we have more time available to carry out operations with it.

The two qubit fabrication technologies that are currently giving us the best results are superconducting qubits, which benefit greatly from recent advances in silicon lithography, and ion traps. However, some research groups also have other very promising technologies on the table that are worth pursuing, such as neutral atoms or the ions implanted in macromolecules.

IBM already has a 127-qubit superconducting quantum processor, and by the end of 2023 it plans to have Condor ready, a promising quantum chip with no less than 1,121 qubits.

We already brush the correction of errors with the tips of our fingers

The other big challenge facing quantum computing right now is error correction. Quantum computers make errors when carrying out some operations, and when this happens, the results they return to us are not correct, of course. The problem is that implementing a quantum error correction protocol it’s not trivial. And furthermore, if they abound, it is essentially impossible to correct them and simultaneously prevent the quantum processor’s efficiency from sinking.

Fortunately, we have good news. As we told you a few days ago, three independent research groups have managed to perfect superconducting qubits that have an accuracy greater than 99%. This simply means that they make mistakes very infrequently, and the good news is that when they are so infrequent it is easier to correct them. Much easier.

When the incidence of errors is less than 1%, it is much easier for quantum fault-correction protocols to carry out their task

In fact, these research groups ensure that when the incidence of errors is less than 1% quantum fault-correction protocols find it much easier to do their job. At the moment they are working with only one or two qubits, and these quantum processors are too simple to solve significant problems, but if they manage to scale this technology to many more qubits, quantum computers could leave behind one of the biggest challenges they currently face. .

As we have just seen, quantum computing is advancing at a breakneck pace. The entry of private companies in this sector you are greatly accelerating your progress, but before we get carried away with enthusiasm, it is important that we keep in mind that there are other challenges that are also crucial to solve.

Two of the most substantial are the need to control qubits more precisely, and also the importance of implementing new quantum algorithms that they are able to help us tackle the problems that we cannot solve with the most powerful classical supercomputers that we have today. Still, the future for quantum computing is hopeful. And, above all, very promising.

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What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

"Alphabet (GOOGL) demonstrated quantum supremacy with its processor in 2019, marking a significant breakthrough in quantum computing."

Title:

Content: Buy Alert: 3 Quantum Computing Stocks Nearing Super Attractive Entry Points

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  • These stellar quantum computing stock opportunities are poised to become massive investments over the long run.
  • IBM (IBM): Spearheading quantum computing advancements and providing a steady income stream with a 4.61% dividend yield, IBM showcases a unique mix of innovation and financial stability.
  • Defiance Quantum ETF (QTUM): Offering a diversified investment opportunity in its niche, QTUM opens the door to potential growth from industry leaders such as IonQ, Nvidia, and NXP Semiconductors.
  • Alphabet (GOOGL): Demonstrating “quantum supremacy” and posting a 40% stock gain amidst thriving advertising and cloud sectors, Alphabet investors have a lot to look forward to ahead.

In the fascinating landscape tech realm, quantum computing stock opportunities could prove to be incredibly lucrative over time. The notion of quantum computing, born over two decades ago, is now gaining solid traction on The Street. Moreover, the technology, rooted in the mysteries of quantum mechanics, aims to boost computing speeds significantly.

The advancements in quantum computing are impossible to ignore, with continuous improvements and decreasing development costs. Moreover, the sector’s convergence with cloud computing opens doors for broader accessibility among researchers and software developers.

Furthermore, as the digital economy and artificial intelligence sectors grow, global spending on cloud computing is expected to reach a whopping $1 trillion annually within the next decade. Quantum computing appears to be on the cusp of becoming a game-changer, and it might be the most opportune time to load up on affordable quantum computing stocks.

IBM (IBM)

Source: shutterstock.com/LCV

IBM (NYSE:IBM) has made considerable strides in fast-evolving quantum computing. Its pioneering advancements, accessible via cloud services, are critical to the broader cloud and cognitive software division.

IBM’s quantum computing efforts have been extraordinary, developing a unique strategy to combat quantum noise, a notable obstacle in quantum computing. By introducing and tracking the effects of additional noise, the approach could potentially bring quantum computers on par with their conventional counterparts in terms of usability.

Moreover, IBM has introduced a suite of quantum-related products. This includes Qiskit Runtime, efficient task-completion algorithms, and the yet-to-be-released Quantum-Safe, which aims to bolster users’ cybersecurity capabilities in sync with the expanding quantum technology industry.

Moreover, IBM’s attractive dividend yield of 4.61% adds another feather to its cap, providing a reliable long-term income stream supported by its powerful cash flows.

Defiance Quantum ETF (QTUM)

Source: Amin Van / Shutterstock.com

In the quantum computing realm, the Defiance Quantum ETF (NYSEARCA:QTUM) stands out as a fascinating bet for investors seeking a diversified approach to this high-potential sector. This ETF, equipped with a modest expense ratio of 0.40%, delivers exposure to some of the biggest players in quantum computing, diminishing the volatility seen with individual stocks in this emergent field.

The beauty of QTUM lies in its democratization of investment opportunities sidestepping the need for technical comprehension of quantum computing. Hence, QTUM effectively offers a gateway to potential growth spurred by a technology set for many industries. This makes it one of those quantum computing stock opportunities you can’t afford to miss.

Inside the QTUM’s basket, you’ll find leading quantum computing stocks, names such as IonQ (NYSE:IONQ) , Nvidia (NASDAQ:NVDA), and NXP Semiconductors (NASDAQ:NXPI), among others. These companies represent the frontiers of quantum innovation, making QTUM an enticing pick for those aiming to tap into the quantum leap.

Alphabet (GOOGL)

Source: IgorGolovniov / Shutterstock.com

Alphabet (NASDAQ:GOOGL) has effectively carved out its niche in the competitive landscape of quantum computing. Its journey began in 2006, with a breakthrough in 2019 when Alphabet demonstrated “quantum supremacy,” showcasing its quantum computer’s capacity to outperform a conventional computer.

Its quantum prodigy, Sycamore, leveraged 54 qubits to accomplish a calculation in a mere 200 seconds. However, despite concerns from the research community, Alphabet remains undeterred, persistently improving its hardware, software, and algorithms. Consequently, a next-gen Sycamore capable of computations could bog down a supercomputer for an astounding 47 years.

Moreover, in this turbulent year, Alphabet’s stock flourished with over a 40% gain, propelled by robust growth in its advertising and cloud spheres and breakthroughs in conversational AI. Indeed, Alphabet is a quantum player worth watching.

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

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

Article printed from InvestorPlace Media, https://investorplace.com/2023/08/buy-alert-3-quantum-computing-stocks-nearing-super-attractive-entry-points/.

©2023 InvestorPlace Media, LLC

What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

Google has demonstrated quantum supremacy using its Sycamore processor.

Title:

Content: The quantum leap: Quantum computing breakthroughs to watch

The classical computer has been the bedrock of computing for over 50 years. That’s going to change soon. quantum computing, which was once a concept limited to fringe scientific papers, is now becoming a mainstream topic.

We’re seeing significant breakthroughs in the headlines which are stoking the flames of conjecture. The truth is, that this technology will bring with it much more than hype and opportunities to breathe life into sci-fi creations. In this article, we’re going to dive into some of the milestones of quantum computing, future goals and, of course, the challenges that we still have to overcome.

The Quantum Paradigm

Classical computers began as room-sized machines. Computer scientists from the 1950s would be completely flummoxed to see the powerful gaming or AI training rigs of today. That said, computers process information using bits -- either a 0 or a 1. quantum computers break the mold by using quantum bits, or qubits. They’re built upon the principles of quantum mechanics, which allow us to conceptualize that a qubit can exist in a state of 0, 1, or both at the same time (this is known as superposition in quantum theory).

As a result of this state, quantum computers are able to measure vast quantities of possibilities at the same time and exponentially increase their computing power compared to classical machines.

Significant Milestones in Quantum Computing

As with everything groundbreaking, quantum computing has been the subject of much fanfare, which has caused tangible advancements to slip through the cracks. This includes:

The Rise of Quantum Supremacy

The idea of "quantum supremacy" once seemed rather farfetched. That was until Google demonstrated with its Sycamore processor exactly what quantum machines could do. Sycamore was given a calculation that would have taken a classical computer 10,000 years to complete. It completed it in 200 seconds. quantum supremacy is now a modern reality and not just a hypothesis.

Innovations in Quantum Error-Correction

The inherently fragile nature of qubits means they're prone to errors from even the smallest environmental interference. Over the years, researchers have been laser-focused on tackling this problem, giving rise to various quantum error-correction protocols. Among the most prominent are the "surface code" and "cat code" methods, which deploy specialized qubit arrangements and extra layers of computational checks to detect and correct errors in real time.

Development of Quantum Algorithms

Unsurprisingly, with the growth of quantum processors has come an increase in quantum algorithms being developed. Algorithms like Shor's (for integer factorization) and Grover's (for database searching) have proven quantum computing's superiority over classical methods.

quantum algorithms have more granular applications as well, especially for devs and larger organizations. They could drastically reduce the time it takes to render documents in a React PDF viewer, particularly those that are large or contain complex elements like high-resolution images or intricate designs. Imagine one day sending petabytes of multimedia files without delay.

In a fraction of a second, teams could edit, compare, and merge files, all on their native platform, without having to wait until all the documentation is ready for analysis or sending.

This is just a microcosm of how massive quality-of-life (QoL) improvements from quantum computing will actually be. Aside from document readers, artists will also be able to render entire films in a matter of seconds, as there will be no resolution too high to be processed instantly. The same goes for 4K video calls without lags, VR gaming, and so much more.

Quantum Potential

What makes quantum computers so powerful is their ability to solve the problems that have simply been out of reach for classical machines, This includes:

  • Cryptography: Certain mathematical problems (like factorizing large prime numbers) are difficult for modern classical computers. quantum computers, however, are able to solve these problems much faster due to their parallel processing capabilities. Modern digital security rests on the assumption that these problems prevent computers from solving them quickly, and so quantum computing will be incredibly disruptive to modern cryptography. "Revolutionary" won’t even begin to define it.
  • Drug Discovery and Material Science: Another difficult task for classical computers is simulating and understanding complex molecular structures. With quantum computing, molecular simulations will be turbo-charged and lead to important breakthroughs in medicine and material science at a blistering pace.
  • Optimization Challenges: Be it traffic management, financial modeling, or supply chain optimization, problems involving multiple variables and constraints could benefit immensely from quantum computing's prowess, resulting in more efficient and optimal solutions.
  • Machine Learning and Big Data: Data is the new oil. And companies everywhere are drilling. quantum computers can process and analyze vast datasets swiftly and can send machine learning models to the stratosphere. This will lead to more accurate predictions and insights.

Navigating Quantum Challenges

The dream of a large-scale, fault-tolerant quantum computer is still just a dream for now, due to certain technical hurdles.

The first is maintaining the quantum state of qubits over extended durations. The term for this is ‘quantum coherence’, and it is not an easy task. External disturbances such as cosmic rays or nearby electronic devices can disrupt its state and prevent long computations.

Of course, one must also ponder about scalability. Scaling from a few qubits to thousands or even millions which are needed for more complex tasks will need further innovations in quantum error correction (and system architecture for that matter).

For now, computer scientists have gotten around this by using extremely low temperatures to maintain qubit stability, but this is not something companies or organizations without vast resources can accomplish.

Another aspect to consider is the software ecosystem. quantum computers will need their own kind of software, along with unique programming languages and tools. This will take years and possibly decades of collaboration between physicists, computer scientists, and industry stakeholders before a barebones system is achieved. QApplications in Diverse Domains

quantum computing is going to massively change many sectors. That said, some stand to benefit sooner than the rest:

  • Financial Modeling: The financial sector is an obvious winner when it comes to having more computing power -- the sector is already using AI to its advantage. quantum algorithms will allow traders and analysts to evaluate vast numbers of scenarios extremely quickly, giving those companies with quantum machines an extraordinary advantage.
  • Climate Modeling: Predicting the Earth’s climate involves accounting for a ton of variables and how they interact with each other. quantum computers will allow more accurate climate models and better insights into climate change which will hopefully help us develop better strategies for mitigating it.
  • Logistics and Supply Chain: Efficient solutions to the traveling salesman problem -- a challenge that involves finding the shortest possible route through multiple cities -- could revolutionize logistics, saving time and reducing costs for businesses worldwide.

The Interplay Between Quantum and Classical Systems

While you may think that quantum computers will eventually replace classical computers, the truth is the future more likely has them together in a symbiotic relationship. This is because quantum machines will be used for tasks they’re better at, namely more advanced computational needs, while classical computers will be kept for more routine tasks and for user interfaces. An example of this already exists in cloud-based quantum computing platforms -- where users can send a certain task to a quantum machine and receive the result through their own classical machine.

Looking Towards the Quantum Future

The next decade promises a slew of breakthroughs. Today’s quantum computers are being compared to the classical computers of the 1950s, which is probably accurate considering they’re still in their nascent stage of development and haven’t even begun realizing their full potential.

quantum computing promises an increase in computation power for sure, but it offers much more than that. It promises a massive shift across many industries -- from healthcare to finance, energy and transportation. We live in exciting times as we stand on the precipice of a new era in technology, one that previously only belonged to the pages of science fiction.

Image credit: plotplot/Shutterstock

Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan, and DouYin (now TikTok).

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What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

Google has demonstrated quantum supremacy with its processor, creating a machine with capabilities beyond classical machines.

Title:

Content: Google develops a quantum computer that can instantly make calculations that would take the best rival supercomputers 47 YEARS

  • Google claimed to have achieved 'quantum supremacy' before its rivals in 2019
  • But at the time the huge claim was questioned by quantum rivals including IBM
  • Now a newer device is 'beyond capabilities of existing classical supercomputers'

Within the next couple of decades, experts think quantum computers will replace the 'classical' computers at our desks and revolutionise our lives.

By employing the odd effects of quantum physics, they'll be capable of speeding up machine learning, solving climate change and discovering new drugs, it's believed.

Now, Google claims it's hit a major milestone in the quest to build such a device, by achieving 'quantum supremacy' – solving problems that no classical machine can.

The tech giant says it has created a quantum computer capable of instantly making calculations that would take even the fastest computer in existence today 47 years to do.

If this sounds familiar, Google said it achieved quantum supremacy back in 2019, although at the time the claim was questioned by opponents.

Google claims it's achieved 'quantum supremacy' - using a quantum device to solve problems that no classical machine can. According to Google, the newest version of its Sycamore quantum processor runs 70 qubits, more than its earlier version of Sycamore that had 53 qubits (pictured)

READ MORE: Google 'achieved quantum supremacy' in 2019

Google announced its 2019 breakthrough in Nature

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Rival IBM pointed out that the task Google's Sycamore quantum computer was able to perform was not a particularly difficult one and could technically be done by a classical machine albeit more slowly.

Four years on, Google researchers claim to have created a more powerful machine with capabilities beyond classical machines – in other words, quantum supremacy.

It remains unclear how much the quantum computer cost to develop, although MailOnline has contacted Google for further information.

'Quantum computers hold the promise of executing tasks beyond the capability of classical computers,' the team say in their paper, published on the arXiv pre-print server, yet to be peer reviewed.

'We estimate the computational cost against improved classical methods and demonstrate that our experiment is beyond the capabilities of existing classical supercomputers.'

Quantum technology makes use of the spooky effects of quantum physics to vastly speed up information processing, which could lead to the most powerful computer on Earth.

Even the fastest computers that exist today – such as the Frontier supercomputer in Tennessee – don't match the potential of quantum computers.

These 'conventional' or 'classical' computers use the processing language of binary code, a language based on one of two states – zeroes or ones.

In the new paper, Google demonstrates quantum supremacy or quantum advantage. This graph compares performance of the 70-qubit quantum computer compared with the previous iteration (Sycamore-53) and the Chinese Zuchongzhi quantum computer

Even the fastest computers that exist today, such as the Frontier supercomputer in Tennessee (pictured), don't match the potential of quantum computers

READ MORE: 'Quantum apocalypse' could make data vulnerable

Quantum computing could break the encryptions that secure banking and medical details, experts say (file photo)

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But quantum mechanics allows a unit of quantum information – a quantum bit or 'qubit' – to be in a state of zero, one, or both states simultaneously.

According to Google, the newest version of its Sycamore quantum processor runs 70 qubits, more than its earlier version of Sycamore that had 53 qubits.

A quantum processor with 70 qubits means that it can store and process 70 quantum bits of information – impossible for a classical computer however fast or slow it's going.

To put this power increase in perspective, the team says Frontier would only take 6.18 seconds to match a calculation from Google's 53-qubit computer, but would take 47.2 years to match its latest one.

Google researchers say they now have the 'ultimate goal of demonstrating and verifying the beyond-classical performance for our 70-qubit device'.

IBM is yet to comment on Google's new work, but Steve Brierley, chief executive of Cambridge-based quantum company Riverlane, told the Telegraph that Google's new work is a 'major milestone'.

'The squabbling about whether we had reached, or indeed could reach, quantum supremacy is now resolved,' he said.

IBM's Q System One (pictured) is a quantum computer available to businesses and researchers. The IBM Q System One is a powerful quantum computer, but it is not yet powerful enough to achieve quantum supremacy

READ MORE: Sussex reveals blueprint for building quantum computer

The University of Sussex is leading the UK's charge to build a quantum computer

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However, Sebastian Weidt, from the University of Sussex's Ion Quantum Technology group, echoed much of the criticism from 2019 – that Google is yet to demonstrate solving a useful problem with quantum.

'This is a very nice demonstration of quantum advantage,' Weidt said.

'While a great achievement academically, the algorithm used does not really have real world practical applications though.

'We really must get to utility quantum computing – an era where quantum computers with many thousand qubits actually begin to deliver value to society in a way that classical computers never will be able to.'

Professor Winfried Hensinger, director of the Sussex Centre for Quantum Technologies, told MailOnline: 'Google solved a particular academic problem which is hard to compute on a conventional computer.

'Their most recent demonstration is yet another powerful demonstration that quantum computers are developing at steady pace.

'The next important step will be to build quantum computer which can correct for the inherent errors within their operation.'

The University of Sussex is leading the UK's charge to build a quantum computer, along with the likes of big tech firms including Google, IBM and Microsoft.

Ultimately, the aim is to build a 'commercial' quantum computer – one that could be purchased by members of the public.

As this is still a decade or two away at least, for now, firms are building 'experimental' quantum computers that are still in the research and development phase.

IBM has already created a quantum machine called Q System One, available for businesses and researchers to use.

After it was revealed in 2019, critics pointed out that it only had 20 qubits and was not powerful enough to achieve quantum supremacy.

Did Google really achieve quantum supremacy in 2019?

In 2019, Google said its 53-quibit quantum computer could perform a calculation in 200 seconds that would take classical computers 10,000 years.

Writing in the journal Nature, the team said they performed a fixed set of operations that entangles 53 qubits into a quantum state to solve a random number sampling task.

However, Google’s big rivals in quantum technology research including IBM took issue with Google's claim that it had achieved the so-called act of 'quantum supremacy' – solving problems that no classical machine can.

IBM, which is working on its own quantum computer design, argued that the random number generator task completed by Google's 'Sycamore' quantum computer is technically achievable on a classical computer – after 10,000 years of processing.

‘Because the original meaning of the term quantum supremacy, as proposed by John Preskill in 2012, was to describe the point where quantum computers can do things that classical computers can't, this threshold has not been met,' IBM researchers wrote in a blog post.

Professor Winfried Hensinger, director of the Sussex Centre for Quantum Technologies, told Laboratory News at the time: ‘The problem they [Google] picked is a completely utterly useless problem.

'The next step will be to solve useful problems.’

Google claims quantum computer breaththrough

What advantages do quantum computers have over conventional computers?

extremely complex calculations
extremely fast calculations

What are important areas in quantum research?

What companies are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

Google is the company that demonstrated quantum supremacy with its processor, as it is one of the leading companies in the field of quantum computing and has made significant advancements.

What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

Eternal Mind Inc's quantum computing data center is located in the United States, specifically in Limestone, Maine.

Title:

Content: AI Quantum Computing Data Center holds grand opening at Loring

Published: May. 17, 2023 at 12:27 PM EDT|Updated: 32 minutes ago

LIMESTONE, Maine (WAGM) -An AI Quantum Computing Company will now have a home at the former Loring Air Force Base. NewsSource 8 was at the grand opening of the new data center and has more on how the technology will fuel the future of AI Development.

“Everyone hears the news about CHATGPT and everything that goes along with that. This is kinda the next stepping stone. CHATGPT and all these AI systems, they need this particular hardware to run off of and we are doing it here in Maine,” says Avery Thomas the President and CEO of Eternal Mind Inc, a Kennebunk based AI Quantum Computing Company.

On Monday, they held a grand opening and tour of their new data center in the same building as a previous Air Force Data Center, which Thomas says came in handy.

“The cool thing about that is you can see all of the resources are still here, we’ve still got the existing cooling systems we’ve got the existing battery backups...This right here is actually a raised floor that is very unique for data centers. It’s usually used to run data and power through so it’s easier to access,” said Thomas.

Thomas adds that the computers going in this data center are not like the computer on your desk, but sophisticated computers that use physics instead of transistors.

“You could probably put 2 or 3 in this room but it’s not like a traditional computer. It’s not like what you see in this rack right here which is a traditional server. They’re actually computers which are on a racking system but they are suspended in the air,” Thomas explained.

There are many different uses for Quantum Computers, Thomas says, such as Financial Services like predicting the stock market, or Medical Providers to help predict what effects medications would have on humans.

“Quantum Computers are actually needed for AI, specifically companies like CHATGPT, Google and Microsoft. They need these large scale data centers and infrastructures to actually run their models,” said Thomas.

Thomas started this company as a way to help stay ahead of the technological curve and says this data center is one of the first of it’s kind in the US.

“So I’m not gonna say even just for the county, or the state of Maine or even the US. We’re one of the only places in the US thats working on a quantum computer startup. There are other companies on the west coast like Google, IBM and Microsoft that are building up large scale data centers but we are one of the first startups that are doing it here, in Limestone Maine, right now,” Thomas said.

Thomas says their first quantum computers should be installed and running in early June.

What countries and blocs are leading in developing quantum computing?

Eternal Mind Inc's quantum computing data center is located in Maine, USA.

What countries and blocs are leading in developing quantum computing?

Quantum computing faces challenges including the need for significant investment and the risk of wasted capital, but has the potential to solve pressing global challenges with the right development and operation.

What fields can quantum computers advance?

"Quantum computing companies like IonQ face challenges due to high R&D expenses, but the field's future potential and investments from countries and companies drive its development."

What companies are leading in developing quantum computing?

"China is developing a 504-qubit quantum computer, which will be made available to users via the cloud, and its technical specifications are expected to compete with international advancements."

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Finland's first operational quantum computer is a 5-qubit computer, developed by VTT Technical Research Centre of Finland and IQM.

Title:

Content: ISSN 2330-717X

Finland’s First 5-Qubit Quantum Computer Is Now Operational

By

VTT Technical Research Centre of Finland recently announced that the country’s first operational 5-qubit quantum computer is up and running. Together with the quantum computing hardware startup IQM, VTT has taken its first steps to enable the building of quantum computers that will be both scalable and easier to manufacture, allowing more companies to begin their quantum computing journey.

The incredible computing performance of quantum computers makes it possible to solve problems that are beyond the capabilities of modern high-performance computers. In the future, quantum computers will be used, for instance, to accurately model viruses and drugs or used to design materials that are challenging to design with today’s technology.

“The development of quantum computing will affect all industries. Our experience in building the quantum computer, and our know-how in developing quantum algorithms will help us develop quantum foresight to, for example, identify future trends and support companies in understanding how and when their business will be affected,” says Pekka Pursula, Research Manager at VTT. “The best way to do this will be for companies to work together with VTT, and actually use our new hardware.”

The now-unveiled 5-qubit quantum computer is located at Micronova, part of OtaNano, the national research infrastructure for micro and nanotechnology, jointly run by VTT and Aalto University.

The big challenge in quantum computing is scalability. Quantum physicists and engineers around the world are trying to figure out how to scale quantum computing hardware to include hundreds and thousands of qubits, scale up the production in an economically efficient way, and scale algorithms and use of quantum computing in real-life applications.

VTT has 30 years of expertise in quantum technology research and excellent facilities to work on hardware scaling. The scaling of the use requires VTT to work hand-in-hand with the companies to develop algorithms for specific applications.

“Today’s announcement marks an important milestone for IQM and for the European quantum initiatives. With the completion of this phase, IQM will become one of the very few quantum companies that can deliver an on-premises quantum computer to a customer. I congratulate our partners, VTT and also the entire IQM team who has managed to deliver this ambitious milestone during the pandemic. This is just the first phase of the delivery and because of our ability to upgrade the systems, we are looking forward to working with VTT on delivering the 20-qubit and the 50-qubit systems,” says Dr. Jan Goetz, CEO and co-founder of IQM

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What are important areas in quantum research?

What are the challenges in quantum computing research?

What countries and blocs are leading in developing quantum computing?

The University of Science and Technology of China is a leading institution in the development of quantum computing technologies, having successfully constructed a 255-photon-based prototype quantum computer.

Title:

Content: LINE

Text:AAAPrint
Sci-tech

China secures world-leading computational power with freshly unveiled quantum computer prototype

2023-10-12 08:59:07Global Times Editor : Li Yan ECNS App Download

Introductory illustration to the Jiuzhang 3.0 quantum computer prototype. (Photo/Courtesy of University of Science and Technology of China)

With the successful development of the Jiuzhang 3.0 quantum computer prototype, which makes use of 255 detected photons, China continues to hold a world-leading position in the field of quantum computer research and development, lead scientists for the program told the Global Times on Wednesday.

The research team, composed of renowned quantum physicists Pan Jianwei and Lu Chaoyang from the University of Science and Technology of China in collaboration with the Shanghai Institute of Microsystem and Information Technology under the Chinese Academy of Sciences and the National Parallel Computer Engineering Technology Research Center, announced the successful construction of a 255-photon-based prototype quantum computer named Jiuzhang 3.0 early Wednesday morning.

The quantum computing feat accomplished by the team of talents achieves a speed that is 10 quadrillion times faster in solving Gaussian boson sampling (GBS) problems compared with the world's fastest supercomputers.

According to a press release Pan's team provided to the Global Times on Wednesday, this achievement has once again "renewed the world record in the field of optical quantum information technology, solving the mathematical problem of Gaussian boson sampling 10 quadrillion times faster than the current fastest supercomputer in the world, taking an important step toward the development of quantum computers."

The study was published online in the journal Physical Review Letters early Wednesday morning.

Meanwhile, according to the publicly disclosed optimal algorithm, the speed of Jiuzhang 3.0 in processing Gaussian boson sampling is one million times faster than its predecessor, the 133-photon-based Jiuzhang 2.0. Jiuzhang 2.0 could calculate the most complex sample in 1 microsecond, while the current fastest supercomputer Frontier would take more than 20 billion years to do the same calculation, according to the press release.

Lu Chaoyang, a key member of the research team, explained that quantum computing is specially designed for solving highly complicated calculations while the simpler calculations are the job of regular computers. This is why the comparison was made between the Jiuzhang 3.0 and supercomputers.

Currently, the prototype is used for calculation of graph theory related problems and in the future it will also be used in the field of material design, Lu told the Global Times on Wednesday.

According to the scientist, developing quantum computers is one of the biggest challenges at the forefront of current world technology. During Jiuzhang's research and development, scalable quantum control technology has been developed, providing a technical foundation for the development of fault-tolerant universal quantum computers.

"This paves the way for universal quantum computers, which is estimated by the academic community to be achieved in 10-15 years, said Lu.

In 2021, the team led by Pan developed the 133-photon-based Jiuzhang 2.0 and a 66-qubit programmable superconducting quantum computing system named Zuchongzhi 2.1, making China the only country to achieve a quantum computational advantage in two mainstream technical routes - one via photonics quantum computing technology and the other via superconducting quantum computing technology.

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What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

The University of Science and Technology of China is developing quantum computing technologies and has achieved a significant milestone by building the fastest quantum computer in the world.

Title:

Content: In brief: The US Department of Commerce has banned dealings with 27 foreign entities based in China, Japan, Pakistan, and Singapore. Eight are developing quantum computing technologies, which the US has now recognized as a national security concern.

All eight entities developing quantum computing technologies were found to be pursuing potential military applications on behalf of the Chinese government. Three of them were found to be acquiring or attempting to acquire American technologies to assist them.

The Department of Commerce believes that quantum computing could support a number of military applications that China is interested in, including "counter-stealth and counter-submarine applications, and the ability to break encryption or develop unbreakable encryption."

One of the eight entities was the quantum computing branch of the University of Science and Technology of China, which claimed to have built the fastest quantum computer in the world earlier this year. It theorized that the computer was two to three times faster than America’s best.

Several of the entities have downplayed the bans. QuantumCTek is describing the situation as "manageable," according to Nikkei Asia. It said that because it owns the essential technologies and mostly relies on Chinese sources, it was never dependent on the US.

Of the 19 non-quantum computing entities that were also banned, three were Chinese-owned companies based in China, Japan, and Singapore selling American technology to Iran’s military and space programs and North Korean front companies.

The remaining 16 were blacklisted because they’ve contributed to Pakistan’s "unsafeguarded nuclear activities or ballistic missile program." Some are based in Pakistan, while others are Chinese. Curiously, one was a refrigeration and air conditioning company.

In addition to the banned entities list, the Department of Commerce also maintains a list of entities that have a military end-user (MEU) for their products. The Moscow Institute of Physics and Technology has been added to that list.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Several American companies, including IBM, Amazon, and Google, are leading the development of quantum computers.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

IBM's world's first integrated quantum computing system, IBM Quantum System One

What seminal quantum computers/ processors have been developed?

IBM's 1,121 Quantum Condor
IBM's 65-qubit Hummingbird
20-qubit "IBM Q System One"

"Google, IBM, and China are at the forefront of quantum computer development, with each having achieved quantum supremacy using their respective quantum processors."

What are important areas in quantum research?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

China's "Jiuzhang-2" quantum supremacy experiment

The leading organizations in quantum computer development are IBM, Google, Microsoft, Honeywell, Intel, and Rigetti Computing, which are actively developing and commercializing quantum computing hardware and software systems.

Title:

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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Market.us (Powered By Prudour Pvt. Ltd.)

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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.

Prudour Private Limited

The team behind market.us, marketresearch.biz, market.biz and more. Our purpose is to keep our customers ahead of the game with regard to the markets. They may fluctuate up or down, but we will help you to stay ahead of the curve in these market fluctuations. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine market players. They have faith in us to offer the data and information they require to make balanced and decisive marketing decisions.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

China is leading in state funding for quantum technologies, with an investment of $15.3 billion in 2022, surpassing Europe and the United States.

How much have countries and blocs invested in quantum computing?

What countries and blocs are leading in developing quantum computing?

Canada is leading in state funding for quantum technologies, with investments of over $1 billion in the past 10 years and an additional $360 million through its National Quantum Strategy.

What countries and blocs are leading in developing quantum computing?

China is leading in state funding for quantum technologies, with an estimated $15.2bn public investment announced by the Chinese government.

What countries and blocs are leading in developing quantum computing?