United States and China dominate global quantum computing.

Google and IBM are leading commercial quantum hardware players.

Chinese university built quantum computer 10 billion times faster than Google’s.

UAE investing heavily, aims first quantum computer by 2035.

Global quantum investment projected $16.4 billion by 2027.

EU will have first quantum‑accelerated computer by 2025.

UK startup Quantum Motion raised £42 million.

China launched ‘本源悟空’ superconducting quantum computer Jan 2024.

China announced $15.2 billion public investment in quantum computing.

US committed $1.8 billion, UK £2.5 million, EU $1.2 billion to quantum.

IBM announced 1,000‑plus qubit processor next year.

IBM developing 4,000‑qubit system expected 2025.

Google claimed quantum supremacy in 2019.

Honeywell achieved quantum volume 512 in March 2021.

D‑Wave quantum annealing used for supermarket logistics optimization.

D‑Wave built Europe’s first >5,000‑qubit quantum computer.

Key lessons: high hardware costs, expert shortages, noise reduction, error correction.

US leads quantum investment; China rapidly catching up.

Canada invests heavily; Xanadu receives $40 million federal support.

US White House establishes national advisory committee on quantum technologies.

United States and China dominate global quantum computing.

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.
Follow the economic statement via Google News
MENAFN24032024000110011019ID1108015991
Legal Disclaimer:
MENA Financial Services Network provides information "as is" without any representations or warranties...
This disclaims our responsibility for the privacy practices or content of the sites included in our network, including images and videos.
For any queries regarding the use and reuse of this source of information, please contact the provider of the above article.

Title:

Content: People 's Network > > Education
The Third Generation of Autonomous Superconducting Quantum Computers in China
April 28, 2024 08: 28 | Source: Science and Technology Daily
Small number
Original title: "Goku" generates great computing power
"In just three months, 'Benyuan Wukong' has attracted a total of 5.11 million remote visits from 117 countries around the world, and has completed about 169,000 global quantum computing tasks!" Guo Guoping, deputy director of the Key Laboratory of Quantum Information of the Chinese Academy of Sciences and professor of the Chinese University of Science and Technology, said excitedly in an interview with Science and Technology Daily.
On January 6, 2024, China's third-generation autonomous superconducting quantum computer "Origin Wukong" was launched and opened for free to global users for a limited time.
This is the first large-scale and long-term opening of China's quantum computing power to the world, marking China's formal entry into the "usable" era of quantum computing power, which also means that China's independent superconducting quantum computer manufacturing chain has been "chain".
Three generations of scientists.
The beginnings of quantum computers in China date back to 26 years ago.
"In 1998, I was organizing the Xiangshan Scientific Conference on 'Quantum Communication and Quantum Computing'.
Guo Guangcan, an academician of the Chinese Academy of Sciences and a professor at the University of Science and Technology of China, recalled to reporters that the conference was to be hosted by a "big person" in order to expand the influence of the conference.
This "big man" is "two bombs and one star" founder Qian Xuesen.
In the letter to Qian Xuesen, Guo Guangcan boldly suggested that "we should take out the spirit of" two bombs and one star "to engage in quantum information", and eagerly invited Qian Xuesen to chair the meeting.
Not long after, Guo Guangcan received a reply from Qian Xuesen.
Qian Xuesen highly agreed with his view that "China should mobilize national forces to overcome the technical problems of quantum information systems."
Although Qian Xuesen was unable to attend due to his physical condition, his support, such as the dawn of light, illuminated the future of quantum scientific research in China.
Since then, Guo Guangcan has applied for relevant research projects. In 2001, he received the first national major project grant in the field of quantum information in China.
In 2010, Guo Guoping, a student of Guo Guangcan, took over the baton and became the chief scientist of the major project of “solid-state quantum chip research ”. In 2013, Guo Guoping led the team to achieve 10 picosecond quantum logic gate operation on“ one electron ”, which increased the previous world record by nearly 100 times, laying a solid foundation for quantum computer research based on semiconductor materials.
In 2017, Guo Guoping led the establishment of the first domestic quantum computer industrialization enterprise - Benyuan Quantum Computing Technology (Hefei) Co., Ltd. (hereinafter referred to as "Benyuan Quantum").
Quantum computers are regarded as the super “industrial accelerator ” of the future because of their powerful computing power and wide application prospects. In 2023, Google conducted a comparative test and showed that quantum computers take less than 3 minutes to complete the same computing tasks, while the fastest supercomputers take about 50 years.
At the beginning of this year, Benyuan Quantum launched a quantum computer equipped with 72 autonomous superconducting quantum chips - "Benyuan Wukong".
The name "Wukong" means that it has the powerful computing power of "72 changes".
Every development starts from zero.
"Superconducting quantum computer industry chain has three key points, chip, hardware, software," Guo Guoping said.
In order to build China's own quantum computer, Benyuan Quantum built two laboratories for quantum chip manufacturing and packaging and quantum computer assembly testing, and completed the full-stack development of software and hardware from the chip to the whole machine.
The quantum chip needs to operate at extremely low temperatures of -273.15 ° C.
This requires that the cable connected to the quantum chip not only transmits the signal without distortion, but also insulates the heat.
"In order to solve this problem, we jointly developed a high-density microwave interconnect module suitable for extremely low temperature environment and realized the localization of the module," said Jia Zhilong, deputy director of Anhui Quantum Computing Engineering Research Center and member of the "Origin Wukong" development team. "This provides important support for the industrialization of superconducting quantum computers in China."
Quantum computer assembly test requires the whole machine assembly and testing of quantum chips, quantum measurement and control instruments, quantum operating systems, quantum software, etc. "Every research and development must start from zero, which means a huge challenge." Guo Guofeng said.
"Benyuan Wukong" hardware development team leader Kong Weicheng introduced, the new machine matching Benyuan third generation quantum computing measurement and control system "Benyuan Tianji", to achieve the first batch of automated testing of quantum chips in China, so that the overall operation efficiency of quantum computers increased by tens of times.
In addition to chips and hardware, "Benyuan Wukong" is also equipped with China's first quantum computer operating system - Benyuan Senan 3.0 version.
Dou Junhan, head of the operating system research and development team, told reporters that this system has realized the support for batch processing of quantum computing tasks for the first time in China, which can not only support ultra-collaborative computing, but also efficiently dispatch quantum computing resources and greatly improve the overall operation efficiency of quantum computers.
Moving from laboratory to manufacturing chain
On April 10, "Benyuan Wukong" successfully equipped the first PQC (post-quantum cipher) "anti-quantum attack shield" in China.
From computing power to "attack and defense", it marks that China's quantum computer manufacturing chain is more complete.
"To build a superconducting quantum computer, you need to start from the theoretical research in the laboratory and go through the whole process." Zhang Hui, general manager of Benyuan Quantum, introduced that Benyuan Quantum has also successively developed and manufactured the domestic quantum chip production equipment such as the first non-destructive probe instrument for quantum chip testing and the laser annealing instrument for quantum chip repair.
With the formation and improvement of the manufacturing chain of superconducting quantum computers integrating research and development, design, production and testing, Origin Quantum has become the only company in China with the overall delivery capability of superconducting quantum computers.
At present, "Origin Wukong" has cooperated with a number of national supercomputing centers and departments and units such as finance, communications, power, aviation and aerospace.
The active participation of these industries has provided a better scientific research soil for the manufacturing and application of quantum computers in China.
This year's government work report proposed to actively cultivate emerging industries and future industries, formulate future industrial development plans, open up new tracks such as quantum technology and life sciences, and create a number of future industrial pilot areas.
"We will accelerate the principle verification, technology transformation and application development of quantum computing, and make steady progress towards realizing the goal of large-scale programmable universal quantum computer."
(Editor: Li Yihuan, Li Fang)
Share it so more people can see it.
Back to top

Title:

Content: View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
  2. Quantum
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.

Content from our partners

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?

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU

Title:

Content: Egypt News
Former ICT Minister Dr. Mohamed Salem writes on "Trends in Digital Transformation 2024"
Thank you for reading the news about "Ministers Information" Dr. Mohamed Salem, former Minister of Communications, writes about "Trends of Digital Transformation 2024" and now with the details of the news
Cairo - Samia Sayed - written by Hind Mokhtar
Wednesday ، 17 July 2024 10: 15 AM
The Information and Decision Support Center at the Council of Ministers continues to recruit leading experts and specialists in various fields through its "By an Expert", a bi-monthly electronic publication that discusses one of the topics on the scene from all aspects to provide an integrated vision on this subject from the point of view of an expert. “Artificial where? ”
The center pointed out that in light of the rapid development of artificial intelligence technologies, increasing reliance on its applications in various fields and vital sectors such as information and communication technology, transport and health care systems, in addition to improving production efficiency in various industries, which will contribute to a revolution in business delivery and service delivery and improve the quality of human life.
By the end of 2024, digital transformation trends are expected to advance thanks to the increasing integration of AI systems, as companies and organizations attempt to develop these systems, avoid errors, address challenges by using AI systems in everyday life, and derive actionable insights that help make more accurate decisions and respond to threats proactively.
Based on this, this publication seeks to highlight the trends of digital transformation during 2024 by addressing the development of artificial intelligence applications during 2023 and clarifying the factors governing this field, as well as addressing the most prominent expectations of digital transformation during 2024 at various levels of productivity, technology, legislation and ethics.
Dr. Salem discussed the development of artificial intelligence applications in 2023 and explained the factors governing this field, which was the announcement of the application of "CHAT GPT" at the end of 2022 using the technology of "generative transformers", but is basically the beginning of a radical change in the uses of artificial intelligence and its applications because of the axis and basis of its work, which opens the way for the machine to surpass human intelligence.
- The unprecedented rate of development in this field as a result of the availability of the necessary infrastructure to achieve this, from telecommunications infrastructure through quantum computing technologies to the experts and human capabilities available to deal with the huge amounts of data needed by these applications.
- Provide the necessary funding, more than 95% of which is directed to the production of these applications (the remaining 5% at most are used to counter the negative effects of artificial intelligence).
The unprecedented competition is also between the tech giants Google and Microsoft ’ s wholly-backed OpenAI on the one hand and rival countries such as China and Russia on the other.
- The huge investment in this area at the level of governments and countries, especially here to mention China, which leads this area - although the Americans deny it at the time and admit it at the other time - it is enough to know that the Chinese central reserve of hard currency in December was 3.24 trillion dollars.
Finally, it is certain that the rate of use of artificial intelligence for military purposes has become unprecedented, but the development of this field in relation to military capabilities is always subject to secrecy because it concerns matters related to the national security of countries.
Based on the above, Dr. Mohamed Salem pointed through his article to the most prominent expectations of digital transformation during the current year 2024 at various levels, highlighting the current concerns of the development of artificial intelligence applications, making them out of human control, as follows:
Productively: As is currently the case with the use of Chat GPT and its advanced ability to produce written texts that achieve the desired goals, the next generation of generative artificial intelligence will become multimedia, these applications will be able to coordinate various inputs such as text, audio, melodies and visual signals, and also be able to write complex novels and even design musical symphonies and produce some films, which is revolutionary and opens the field for companies to promote Productivity, support innovation and stimulate creativity.
- Technologically: Quantum artificial intelligence will develop, artificial intelligence in general needs a huge computing capacity and there is no more capable of quantum computing to achieve this, which explains the current boom in the production of research in this area and also the silent and fierce competition between China with its research giant and American IT poles, such as IBM and Google AI in the development of quantum computing. AI capabilities are enormous, especially in areas that require solving complex problems that quantum computing can handle.
The unprecedented development of artificial intelligence is not only a major source of attraction for its users around the world, but it is now receiving great attention from policymakers and leaders around the world. By 2024, leading countries in this field have begun to propose and even start enacting AI legislation such as China, the European Union, the United States and India. “Unintended for artificial intelligence. ”
Ethically: The growing footprint of AI in our lives presents a myriad of ethical dilemmas; as AI mechanisms increasingly intervene and guide decisions in many areas that affect human life in indirect and sometimes direct ways, it is essential that development in this area has the maximum transparency and justice protected by global agreements and solid laws adhered to by all.
Dr. Mohamed Salem explained that the current era of artificial intelligence has changed all the pivotal technologies that preceded it in terms of its unprecedented development and penetration in daily life and the most dangerous of all is its negative effects that can threaten human existence, and as we live currently and watch the discussions and proposals that result from them. It is politically possible to agree to stop this progress, as it is likely that no one will abide by it in the face of fierce competition between countries.
You can follow the news of Egypt and the world from our website
Advertisements

Title:

Content: Investments in quantum computing startups reached $2.35 billion in 2022
Quantum technologies have great potential for both science and business, and attract large investments in different countries of the world, including Russia.
This is stated in the analytical report "Quantum Computing: Prospects for Business", which was prepared jointly with the Federal State Unitary Enterprise "VNIIA named after N.L. Dukhov" and the Institute of Artificial Intelligence AIRI.
“Increasing attention in the world is paid to supporting start-ups in the field of quantum technologies.
In 2022, venture investors around the world invested $2.35 billion in them.
Also last year, almost 1,600 patents were issued and published in all subfields of quantum computing: from physical implementations of quantum equipment and error correction to AI [artificial intelligence] and machine learning.
Video of the day
Leading countries, realizing the breakthrough potential of this direction, include quantum technologies in national programs and allocate increasing budgets for research.
The leader is China with $15.3 billion in government funding.
Development programs have the leading technological corporations of the world.
So, which has made a quantum processor for 433 qubits [qubit or quantum bit - the main unit of information in quantum processors and quantum computing], plans this year to increase the number of qubits to 1121, and intends to show a device for a thousand qubits after 2025.
The intention to develop a full stack of technologies for quantum computing announced and has already released to the market quantum chips on spin qubits.
In Russia, work on quantum computing is underway on four key physical platforms: superconducting qubits, photonic circuits, neutral atoms, and trapped ions.
The Russian Federation has also formed a pool of organizations, including companies, scientific institutions and universities that conduct research and development, study the applicability of quantum computing to practical tasks.
“Quantum computing can give the world an impetus to the development of new industries based on the processing of big data.
In addition, they can improve the performance and efficiency of artificial intelligence algorithms, the accuracy of models and simulations of complex systems (such as molecules of new drugs, chemical reactions or physical processes), as well as provide a new level of calculations in finance and logistics, new solutions to climate problems and cryptographic algorithms that will provide a higher level of security.
The authors of the report come to the conclusion that although no one in the world has been able to demonstrate practical quantum superiority, nevertheless, companies should plan today what will happen after its achievement.
Quantum computing is able to integrate seamlessly into data processing workflows, using adaptation tools for popular programming languages and interfaces.

Title:

Content: Betting on next generation semiconductors: EU releases annual strategic outlook report, four technologies impact the future
2021 / 9 / 26 18: 50: 13 Source: Core stuff Author: Gao Ge
Recently, the European Commission adopted its Strategic Foresight Report for 2021.
The 23-page report identifies four global trends, such as digital hyperconnectivity and technological transformation, that will shape the future of the EU.
The report also identifies 10 key policy strategies where the EU can seize the opportunity to achieve its global leadership and strategic autonomy.
Its ten key policy strategies are: “Ensuring sustainable and resilient health and food systems, ”“ Securing decarbonisation and affordable energy, ” “Strengthening capacity for data management, artificial intelligence and cutting-edge technologies, ”“ Securing and diversifying the supply of key raw materials, ” “Securing global forerunner in standard-setting, ”“ Building resilient and future-oriented economic and financial systems, ” and “Developing and retaining skills and talent that meet EU ambitions ”.“ Working with global partners to promote peace, security and prosperity for all, ” and “strengthening the resilience of institutions. ”
The EU Strategic Foresight Report 2021 is an important reference for the EU in formulating its strategic policy and has begun to implement its recommendations in areas such as quantum computing and space technology.
We will focus on compiling the European Union ’ s 2021 Strategic Foresight Report on semiconductors, quantum technologies, materials, digital skills training and the space industry, showing the opportunities and challenges facing the EU in these areas.
EU accounts for 20% of global technological innovation, AI and quantum technology lag behind China and the United States
The Strategic Foresight Report 2021 begins with a review of the EU ’ s overall results in knowledge and innovation.
The EU is a major global player in technology R & D, accounting for 20% of the world ’ s total R & D, publications and patents, but lags behind Australia, Canada, Japan, South Korea and the United States in indicators such as private investment research.
Since 2014, the EU has overtaken Australia, Canada, Brazil, India, Russia and South Africa, but lagged behind Japan, South Korea, the United States and China.
In terms of artificial intelligence, big data and robotics, the EU is similar in strength to Japan, but lags behind the United States and China.
In the field of quantum technology, the United States, Japan and China are leading the way.
According to the report, the EU is expected to have the first computer with quantum acceleration by 2025; if investment can keep up, the EU could become the leading group in quantum technology by 2030.
Distribution of 100 leading companies filing quantum computing patent applications in 2020
Other new technologies such as microelectronics, biodegradable new materials, flexible and printed electronics, and graphene have good prospects. Technologies such as clean hydrogen energy, low-carbon fuels, carbon capture / storage / use, next-generation sustainable batteries, bio-based technologies and materials, methane cracking, high-temperature superconductivity, cash geothermal and ocean energy, high-altitude wind power generation and nuclear fission have great potential in low-carbon environmental protection.
In addition, hyperconnectivity is driving technological transformation. With 30.4 billion connected devices globally in 2020, this number could grow to 200 billion by 2030.
However, new technologies and hyper-connectivity also present many challenges.
As automation increases, many jobs will disappear. In 2018, the European Union found that about 14% of workers ’ jobs were at risk of being replaced by automated equipment.
In the future, about 50% of jobs worldwide are likely to be automated, and new jobs created by automation will require new skills.
If these problems are not addressed, they may erode the basic social rights of the people and increase inequality and dependency within and between countries.
Digital transformation is likely to increase e-waste and increase the consumption of energy and scarce resources.
At the same time, driven by new technologies and online platforms, large-scale disinformation and information warfare will threaten national institutions and security.
Whether it is a State, an organized criminal group, or a business or an individual, it is possible to gain a competitive advantage by spreading disinformation.
This will threaten the EU's own democratic system, polarize people and put health, safety and the environment at risk.
To strengthen the value of non-EU manufacturers in the semiconductor industry chain
As the volume of data continues to rise and new technologies emerge, semiconductor demand is growing exponentially, and the EU needs to be more firmly committed to the opening up and production of the next generation of semiconductors.
The European Union currently has an advantage in semiconductor manufacturing equipment, and many important suppliers of semiconductor equipment are headquartered in EU countries.
However, European semiconductor manufacturers are at a disadvantage in the production of next-generation processors and advanced processes.
In addition, China, the United States and South Korea are investing heavily to increase domestic semiconductor production capacity.
Chipmakers in these regions have announced factories and expanded production.
If the EU needs to invest in next-generation processor and semiconductor capacity, it needs to strengthen the value that non-EU manufacturers create in European production, research and development, investment, and the entire supply chain.
Defense industry materials rely on non-EU countries, the sea floor and space will become new mines
According to the report ’ s authors, the supply of key raw materials is also key to the EU ’ s technological transformation.
Green technologies such as wind, solar and electric vehicle batteries will increase the consumption of resources such as cobalt, lithium, graphite, manganese and nickel over the next 20 years.
In addition to green technology, the market for small UAVs is expanding rapidly, and it is expected that by 2030, resources such as gallium, indium, scandium and titanium used in small UAVs will grow exponentially, while China provides more than 1 / 3 of the above resources.
The defence industry is heavily dependent on imports from non-EU countries.
In the case of aircraft, for example, nearly half of the materials come from non-EU countries, and there is a risk of increased demand for key materials and restrictions from major suppliers.
The report recommends that the EU reduce its strategic dependence on non-EU countries by diversifying supply and increasing the use of secondary materials.
In the case of limited supply potential for diversification of key materials, relevant industries should continue to carry out strategies such as improving material utilization efficiency, extending product life and recycling from a strategic perspective.
The EU can obtain resources from the seabed or from space in accordance with international principles.
Space contributes more than €46 billion to the EU, and advanced technology should be used more
The report lists space technology and artificial intelligence together as strategic means to deal with threats and predict future risks.
At the economic level, space contributes 46 billion to 54 billion euros to the European Union, and the global economic contribution of space and aviation is expected to reach 1 trillion euros in 2040.
The EU is currently leading in areas such as satellite services, but is dominated by the United States, China and Russia in areas such as spaceships and space missions, and a growing number of private companies from these countries are participating.
In the absence of launch missions for defense and national security, EU airlines are at a competitive disadvantage and have to rely more on the commercial space market.
The EU should enhance the strategic significance of its own space facilities and maximize the use of new technologies, such as advanced launchers, nanosatellites, robots, large constellations and secure communications based on quantum technologies, and Earth observation.
The EU should also be prepared for new space activities and use its industrial capabilities to promote the development of in-orbit services or space data centres.
The EU is competing for standards setters for emerging technologies
In terms of emerging technologies, the EU is a "pioneer" in competition for standard-setting.
Specifically, the EU ’ s focus on technologies includes artificial intelligence, blockchain, quantum technology, cybersecurity, data in health and space, digital currencies and chemicals, among others.
Other priority areas include green technologies such as hydrogen, energy storage, offshore wind and sustainable transport.
“Our trading partners have taken more decisive action in standard-setting, such as China, which is developing a new five-year plan to apply next-generation technologies to 140 countries in the Belt and Road Initiative, ” the report reads.“ The EU ’ s trade position is a key driver of regulation and standard-setting. ”
The EU is the largest participant in world trade and the largest trading partner of 74 countries, surpassing China (66) and the United States (31).
The report concludes that EU standards are critical to their impact on the global order and leadership on climate change, sustainability and consumer protection, personal data and the right to work.
The EU will further actively carry out regulatory cooperation to ensure that it plays a leading role in international norm-setting organizations such as the International Organization for Standardization (ISO).
Youth employment faces challenges in digital skills demand
With the development of emerging technologies, the employment of young people has become a major focus of the report.
The report said that the EU needs to help youth employment through targeted support programs, promoting the transition from education to employment, creating quality entry-level jobs and engaging youth in policy dialogue are key to young people entering the labor market.
But the EU still faces challenges in digital skills training and getting young women to study subjects such as S.T.E.A.M. (Science, Technology, Engineering, Arts and Mathematics).
The report predicts that by 2050, 54% of job market participants will have post-secondary education.
The EU should encourage more talent (at universities, research institutions or businesses) to stay in Europe and reduce the brain drain between member states and regions.
The EU should build data storage capacity to avoid being constrained by non-EU countries
The EU ’ s digital sovereignty will depend on its ability to store, extract and process data, as well as on its ability to gain people ’ s trust, security and protection of their fundamental rights.
The implementation of the digital economy is likely to have a positive impact on the EU ’ s economy and competitiveness, especially with technologies such as data technology, high-performance cloud and edge computing playing a more positive role.
EU companies and governments will increasingly adopt user and physical data for data analytics, IoT and artificial intelligence.
In order to facilitate the development and deployment of the next generation of disruptive cloud and edge technologies, the EU has introduced important investment targets and financing tools.
As data is increasingly adopted in industrial and commercial applications, the development and deployment of industrial IoT systems, 5G / 6G and edge computing applications are critical to achieving the goal of dual transitions.
In today ’ s big data and advanced analytics, the United States and China are leading the way.
These technologies help detect possible crises, detect diseases and monitor military activities remotely.
From the EU ’ s perspective, the development of these technologies requires respect for their fundamental rights and EU values, especially in cases where these technologies rely on large amounts of data containing individual privacy.
At present, a large amount of EU data is mainly stored and processed in the cloud by non-EU operators, which makes its large amount of data subject to third country jurisdictions, which may cause EU dependence and risk.
The report recommends that the EU should build capacity to store data and ensure that data access is open, secure and transparent, as well as the connectivity availability of large volumes of data.
The EU also needs to develop and deploy AI worthy of new arrivals, and work with partners around the world to promote the implementation of standards and values.
Maintain its leading edge in developing and deploying trusted human intelligence.
It should work with trusted partners around the world to promote standards and values.
Conclusion: Preemptively formulating emerging technology standards will help the development and standardization of the industry
The report not only presents the current challenges and opportunities facing the EU in a wide range of areas, but also presents a clear picture of global developments in semiconductors, quantum computing, aerospace and digitalization, as well as the EU ’ s views on current trends.
For China, the challenges and opportunities in many of these areas are also facing China.
Among them, the positive actions of the EU in various emerging technology standards will help the development and standardization of the local industry, which has a certain reference value.
Related articles
Key words: EU Semiconductor
Soft media 's website: IT home hot products - Value shopping guide, coupons most buy - rebate coupons iPhone home Win7 home Win10 home Win11 home
Soft media software: Magic cube swordfish browser (speed kernel) cloud calendar cool point desktop Win7 optimization master Win10 optimization master soft media mobile APP application

What seminal quantum computers/ processors have been developed?

What seminal quantum computers/ processors have been developed?

What seminal quantum computers/ processors have been developed?

What seminal quantum computers/ processors have been developed?

What seminal quantum computers/ processors have been developed?

What seminal quantum computers/ processors have been developed?

Google and IBM are leading commercial quantum hardware players.

Title:

Content: IBM’s Quantum Computing Moves Could Put Industrial Space in Demand

IBM's quantum computing advancements and industrial collaborations are set to boost demand for specialized industrial spaces, transforming sectors like materials science and supply chain logistics.

IBM’s aggressive expansion in quantum computing is set to significantly impact various industries, potentially increasing the demand for industrial space. The company has been at the forefront of quantum research and development, advancing both its hardware and software capabilities. IBM’s recent developments in their Qiskit software stack, which includes over 100 updates, are aimed at enhancing the performance and usability of quantum circuits. These advancements are crucial for the optimization and execution of quantum algorithms, making them more accessible and practical for industrial applications.

Key Partnerships and Industrial Applications

IBM has partnered with major industry players to explore practical applications of quantum computing. For instance, Bosch has joined forces with IBM to utilize quantum computing for materials science research. This collaboration aims to develop new materials for applications such as electromobility and renewable energy, areas where classical computers fall short. The potential to design materials with higher energy efficiency and reduced resource consumption could revolutionize these sectors.

Impact on Supply Chain and Logistics

Quantum computing is poised to transform supply chain management by enhancing modeling capabilities. The complexity of supply chain models, which involve numerous variables, can be better managed with quantum computing. This technology promises to optimize logistics, improve data sharing security, and facilitate digital twin simulations. IBM’s quantum advancements could thus lead to more efficient and resilient supply chains, further driving the demand for industrial space to house these advanced computing facilities.

The Future of Quantum Computing

IBM’s roadmap includes the development of a 4,000-qubit system by 2025, which underscores the company’s commitment to scaling quantum computing capabilities. This modular architecture will enable the integration of quantum and classical computing resources, opening new frontiers in high-performance computing. As these systems become operational, industries will increasingly require specialized facilities to host and manage these advanced quantum computers, driving a surge in demand for industrial real estate.

About the author

Vishal Jain

Vishal’s reviews provide a comprehensive look at the latest software and apps in the market. His hands-on approach and detailed analysis help readers make informed decisions about the tools they use daily.

Title:

Content: U.K. quantum computing startup Quantum Motion raises $50.5M

U.K. quantum computing company Quantum Motion has raised £42 million ($50.5 million) in an equity round of funding led by Bosch Ventures (RBVC), with participation from Porsche, the U.K. government's National Security Strategic Investment Fund (NSSIF), and a host of additional investors.

Quantum computing, for the uninitiated, builds on principles borrowed from quantum mechanics, with a focus on quantum bits (qubits) rather than atoms, promising to advance what's possible with computers by performing complex calculations in a fraction of the time. Use-cases may include accelerating new drug discoveries, or powering the vast amount of data processing required for AI applications.

"Quantum computers will think in totally different ways to computers today," Quantum Motion CEO James Palles-Dimmock explained to TechCrunch. "Problems that would take a supercomputer thousands of years to crack could be solved by a quantum computer in minutes. The earliest impact will be in areas related to materials science including energy materials, chemistry such as drug discovery, or optimization -- possibly stretching to logistics and transport."

Founded in 2017 by Professors John Morton and Simon Benjamin from UCL and Oxford University respectively, Quantum Motion is setting out to create "scalable quantum computers" through new quantum computing architectures that are compatible with established silicon processing.

As with normal computers, heat adversely impacts the qubits in quantum computing, meaning that quantum computers need to be kept very cold. Quantum Motion says it has designed integrated circuits that are capable of "generating, routing and processing signals at deep cryogenic temperatures," operating at just a few tenths of a degree above absolute zero.

"Our silicon-based quantum chips are typically a few millimetres across, and we expect that the cooling system required to operate the chip will have a form factor similar to a standard 19-inch server rack," Palles-Dimmock said. "Being able to show that our approach to quantum computing doesn't require data centres the size of football pitches, or vast CERN-type facilities, was one of the motivations behind our central London location."

Quantum Motion: working on dilution fridge Image Credits: Quantum Motion

Quantum leap

Quantum Motion's latest raise comes amidst a flurry of activity in the quantum computing space. In the past month alone we've seen French startup Pasqal raise €100 million, while Israel's Quantum Machines closed out its Series B round at $70 billion and Australia's Quantum Brilliance secured $18 million. Elsewhere over the past year, Finland's IQM, France's Alice&Bob, and U.K.-based Quantum Circuits have all raised sizeable chunks of VC cash.

Quantum Motion and its ilk are up against a host of competition in the big tech sphere too, including IBM which recently unveiled its 433 qubit Osprey quantum computer, while Google gained a new quantum computing sibling last year after Alphabet spun out Sandbox AQ as a standalone company, going on to raise $500 million in funding just last week. Elsewhere, other tech juggernauts such as Microsoft and Intel are also investing heavily in quantum.

So, what can Quantum Motion and its upstart brethren bring to the mix that the deep-pocketed behemoths can't?

"Compared to the big tech companies, our advantage is that we are agile, focused on a single goal and have a team that is comparable with the best in the world," Palles-Dimmock said. "We have a highly skilled team across multiple disciplines including IC (instrumentation and control) engineering, quantum theory, hardware and software, and deep relationships with world leading universities that helps us seek out that talent."

Quantum Motion CEO James Palles-Dimmock with co-founders Prof. John Morton (CTO), and Prof. Simon Benjamin (CSO) Image Credits: Quantum Motion

Quantum Motion had previously raised around $24 million in equity and grand funding, and with its fresh cash injection, the company said that it plans to accelerate its development of silicon quantum processors through forging "deeper ties" with manufacturers. Indeed, the startup's strategic investors including Bosch and Porsche provide some clue as to the impact that Quantum Motion is looking to have on industry -- quantum computing could transform battery technology as we know it, allowing scientists and researchers to simulate batteries to better understand what is going on at a molecular level to optimize materials and thus improve energy density.

But the true possibilities are effectively endless, and it's difficult to conceive just how transformative quantum computing will prove.

"Just like computing in the early 1960s, it was hard to predict just what amazing things computing would lead to, and yet it has revolutionised our society," Palles-Dimmock said. "It was only when computers got into the hands of people everywhere that we got really creative and pushed the boundaries of what computers can do. Quantum computing will be similar, we know that it will be transformative in areas like drug discovery, battery technology and more, but we won’t know just how transformative they’ll become until we get there."

It's worth noting that while quantum computing is advancing at breakneck speed, it's still in its relative infancy, and the fruits of all the current R&D labor we're seeing across the board may still be some years off.

"Many quantum computing companies exist today and they are all in R&D mode," Palles-Dimmock said. "Investors know it will take time. It may be the end of the decade before we have really impactful quantum computers. This raise enables us to strengthen our relationship with manufacturing partners and demonstrate prototypes that can scale to millions of qubits."

Quantum Motion's latest cash injection included contributions from Octopus Ventures, Oxford Sciences Enterprises, British Patient Capital, Inkef, Parkwalk Advisors, and IP Group.

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.

Grow your profit margin with Market.us Get this Report

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

Contact us

Contact Person: Mr. Lawrence John

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

Tel: +1 718 618 4351

Send Email: [email protected]

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.

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
Extended reading
US, Japan, and Australia air force combat "Against North 24" joint exercise begins in Guam in early February
US B-21 stealth bomber production and China's "big power competition" intensified
Ying / Tsai Ing-wen Visited the Results of the Quantum Computer Project, Hoping to Contribute to the World
Home Made Quantum Computer by Academia Sinica Tsai Ing-wen: Made in Taiwan is the pride of Taiwanese
Related News
The performance is not as expected … Musk named Tesla ’ s share in the Japanese market is too low 1 reason why it is difficult for him to achieve his wish.
Tesla CEO Elon Musk said last week that Tesla ’ s market share in Japan is too low, hoping to at least raise it to a level with other companies.
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.
Japan's Toyota to suspend shipments of 10 cars after diesel engine violations in certification test
Japan ’ s Toyota Motor announced today that it has decided to suspend shipments of 10 affected vehicles because the diesel engine produced by the group ’ s “Toyota Automatic Weaving ” violated the certification test process.
South Korean semiconductor technology leak brothers take over illegal export equipment to earn more than 80 million
A semiconductor cleaning equipment manufacturer in South Korea was prosecuted for illegally leaking related technology to the Chinese side, and one of the suspects even took over the company immediately after his brother was detained and prosecuted for the above reasons.
China 's latest rescue measures boost Asian shares to rise and fall
Asian stocks rose and fell today as the Chinese authorities' latest rescue measures boosted their gains.
International oil prices are rising again in the Middle East, and it is alleged that an attack by a rebel group backed by Iran killed three people.
Semiconductor technology leaks continue! South Korean investigators say technology is flowing to the mainland to reveal secret signals and other methods
South Korean media quoted intelligence agency investigators as saying that the illegal export of semiconductor technology criminals in addition to using code communication to avoid being tracked, their methods are changing day by day, using mergers and acquisitions.
Product recommendation
udn Forum

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

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

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

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

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

Chinese university built quantum computer 10 billion times faster than Google’s.

What advantages do quantum computers have over conventional computers?

What countries and blocs are leading in developing quantum computing?

UAE investing heavily, aims first quantum computer by 2035.

Global quantum investment projected $16.4 billion by 2027.

EU will have first quantum‑accelerated computer by 2025.

What countries and blocs are leading in developing quantum computing?

UK startup Quantum Motion raised £42 million.

What countries and blocs are leading in developing quantum computing?

China launched ‘本源悟空’ superconducting quantum computer Jan 2024.

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

What seminal quantum computers/ processors have been developed?

China announced $15.2 billion public investment in quantum computing.

What countries and blocs are leading in developing quantum computing?

US committed $1.8 billion, UK £2.5 million, EU $1.2 billion to quantum.

IBM announced 1,000‑plus qubit processor next year.

What are important areas in quantum research?

What companies are leading in developing quantum computing?

IBM developing 4,000‑qubit system expected 2025.

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?

Google claimed quantum supremacy in 2019.

What companies are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

Google's Sycamore quantum supremacy experiment

Honeywell achieved quantum volume 512 in March 2021.

D‑Wave quantum annealing used for supermarket logistics optimization.

Title:

Content: BETA
This is a BETA experience. You may opt-out by clicking here

More From Forbes

Edit Story

TOP 10 OMNI WISHES FOR 2022 WITH EXPONENTIAL IMPACT

I work pro bono daily across communities of more than 100,000 CEOs, investors, authorities/experts/scientists, and thought leaders. From insights gained in this work, I'm providing my top ten omni (multiple sector) wishes for 2022 that will have exponential impact.

Inline with the theme of this article and while writing this article, I'm experimenting with a new A.I. writing tool based upon OpenAI and GPT-3 from Sudowrite.

Exponential Change Driving Impact

The world is experiencing more exponential dramatic changes in the next ten years than in the past 10,000 years. Let me provide a picture of how fast these changes are coming where the rate of change isn't a sloped line but now a nearly vertical line going up.

I will use the metaphor of flowers growing and covering a pond. Imagine a new flower species taking root on a pond and doubling daily. One flower become two, then four, eight, sixteen, 32, 64, 128, 256, 512, 1024, ... This doubling you don't see initially however becomes apparent when the pond is 25% covered with flowers, the next day it's 50% and one day after, 100%. The flower representing positive change.

There's the alternative and possible concurrent scenario. Picture a growing invasive and disruptive weed that doubles in size daily. Before long, the weed totally covers the pond. The weed is winning over the flower and totally out of control. Expand, this to the world — the weed rewriting all aspects of our lives. The weed with limited natural checks and balances to its growth.

Which World Is Your Future?

This is what we are experiencing over the next ten years in the near vertical rate of change. We are in these last stages of these changes where we can shape this future into the flowers analogy. The confluence of environmental, social, biological, physical, digital-inspired, technological, quantum-infused, cosmological, creator culture; an endless list. All significantly transforming our lives. We are in the time where creativity, innovation, intuition, imagination, inspiration, purpose, meaning can be driving us.

What we are experiencing forms my top 10 omni wishes for 2022 that will have outsized impact on our lives.

Top Ten Omni Wishes

Wish 1: Generalizing, Contextually Improving Artificial Intelligence (AGI)

When I make a query to these new digital assistants (DAs), they will remember "me", the context of my series of questions and provide appropriate answers. The DAs can support, predict, and anticipate my actions in managing my schedule.

Currently with standard 2021 DAs, when I ask questions along a theme, I have to treat each question as self-standing so the digital assistant has sufficient information to answer the question. This isn't required when talking with your friends where your start with one question and continue on the theme without repeating elements of prior questions. Moreover, you can continue this conversation and the exchange of novel information over days and into years.

With new digital assistants, you will have more natural exchanges. An example, would be startups using OpenAI GPT-x or similar open source technology, the next generations of GPT-3 with an avatar embodiment. A virtual talking avatar, available on my phone, on stage in a hologram, in digital meetings, that displays emotions, responds and remembers my ongoing queries and can also free chat. There are startups already piloting in this space and you will see their integration in the metaverse. I'm currently testing one on my phone and PC which has these qualities.

Moreover, the new AI writing tool I'm testing, completed parts of this article providing usable text and interesting viewpoints which I edited. Can you tell where it's generating the text?

Wish 2: Metaverse Easily Accessible Improving Our Well-Being

A tight seamless integration between the physical and digital realities with tools and platforms where everyone can participate and adoption grows into the billions. Second Life (an early virtual world), multiplayer gaming platforms providing foundational glimpses of this next step but in its early stages.

To gain traction, this requires standards, interoperability, governance, and policies. Key parties can be the UN Agency, ITU; IEEE; ACM; SIGGRAPH; all working with industry and government bodies.

There is work in progress in 2022 to create the new evolution useable by all of an online interactive digital experience. This is the metaverse (or metaverses since initially there will be more than one). A 3D immersive and interactive world beyond the 2D internet. A world accessible on the myriad of digital devices present today and into the future—phones, glasses, AR/VR head-mounted devices, contact lenses, and non-invasive direct neural experiences. There are digital economies in the metaverse. This also provides a good opportunity for ensuring positive outcomes, well-being and better health.

Niantic (known for Pokémon Go) announcement in November 2021 already creates accessibility. “We’re building a future where the real world is overlaid with digital creations, entertainment and information, making it more magical, fun and informative,” said John Hanke, Niantic’s Founder and CEO. Niantic's Lightship Platform, enables developers to create within the real-world metaverse.

Others include Epic Games, Fortnite and their Unreal Engine. Unity's announcement of their planned acquisition of Weta Digital (employed in movies Avatar, Lord of the Rings, ...). Unity provides their cross-platform 2D and 3D engine for developers to create interactive virtual experiences. Roblox provides their online game and creation platform. Sandbox announced in November, a virtual mega yacht sold for more than $600,000; Decentraland and Axie Infinity selling plots of virtual real estate when added together, are in the millions.

The major tech companies, Apple, Alphabet, Samsung are well positioned. Meta (formally known as Facebook), announced their focus on the metaverse space.

Throughout the year, NVIDIA has expanded on their Omniverse with enterprises using their metaverse (example BMW) and the goal to have a digital earth. I recommend looking at their GTC conference keynotes.

The standout, including with standards, governance, interoperability, can be Microsoft due to their billions penetration across hundreds of products and services. A small sampling including: operating systems, hardware, mobile, gaming, communications, enterprise and consumer solutions, office products, cloud computing, quantum information technology, annual approximately $20B R&D, open source (GitHub), AI (OpenAI GPT-X), Azure AI, developer tools and IT infrastructure platforms.

Wish 3: Hybrid Quantum Technology, Super-Computers, Cloud Computing — Combining with 5G, IoT Sensors, with Localized Advanced AI Processors

With Quantum Technologies as its base, unbounded computational capabilities providing a much richer real time experience in whatever activity I'm doing. Moreover solving intractable problem in new materials science, logistics optimization, new batteries and energy systems with 10x better capabilities, to developments in understanding quantum-based nature-based phenomenon, new vaccines and therapeutics.

Quantum Information Science (QIS) is accelerating with pilots underway and niche commercialization already being worked on. An example is D-WAVE's implementation in supermarket stores for logistics optimization processing.

QIS encompasses quantum technology (quantum computing), communications, sensing, quantum safe computing / cryptography. QIS is realized in hybrid configurations working with supercomputers, providing availability via the cloud. QIS can solve and support certains kinds of problems so must work in conjunction with classical digital systems.

Ultimately, this will further integrate with other networks using 5G, sensors and localized advanced processors.

IBM's announcement in November of breaking the 100-qubit barrier then more than 1000 qubits by 2023, yields the possibilities of quantum advantage. This means solving practical problems faster than world's best supercomputers which are now exascale (billion billion floating point operations per second).

Quantum startups are going public as evidenced by IonQ earlier in the year. Many are raising substantial investment rounds.

For more information, there are two Forbes articles on Quantum Information Science: in Jan and July

There are also ten pro bono interviews on this topic, with the non-profit IEEE TEMS and in the non-profit ACM Learning Center:

-Mark Saffman: Experimental physicist; Researcher; Professor of Physics at the University of Wisconsin-Madison; Director of the Wisconsin Quantum Institute; Chief Scientist for Quantum Information at ColdQuanta, Inc; about atomic physics, quantum and nonlinear optics, and quantum information processing

-Travis Humble: Researcher; Scientist; Deputy Director at the Department of Energy's Quantum Science Center; Distinguished Scientist at Oak Ridge National Laboratory; Director of the lab's Quantum Computing Institute; about the development of new quantum technologies and infrastructure to impact scientific discovery through quantum computing

-Dr. Gopal Dixit: Researcher; Associate professor in IIT Bombay; Visiting scientist at MBI Berlin and MPI-PKS Dresden Germany; about years of novel research including using pristine graphene at room temperatures to encode and process quantum information

-Dr. Sebastian Weidt: Co-founder and CEO, Universal Quantum; Senior Lecturer in Quantum Technologies at the University of Sussex about quantum computing

-Michele Mosca: Co-founder, Institute for Quantum Computing, University of Waterloo; Founder of Quantum-Safe Canada and Quantum Industry Canada; Co-founder and CEO of the quantum-safe cybersecurity company, evolutionQ

-whurley (William Hurley): Innovator; Serial Entrepreneur; Founder & CEO Strangeworks, about Quantum Computing

-Scott Aaronson: David J. Bruton Centennial Professor of Computer Science at the University of Texas at Austin; recipient of ACM Prize in Computing; about theoretical computer science and quantum computing

-Dr. Stefan Woerner: IBM Quantum Applications Research & Software Lead

-Hausi Müller: Professor, Computer Science, University of Victoria; International expert in software engineering, software evolution, quantum computing, adaptive systems, Internet of Things (IoT), and intelligent cyber-physical systems; Top Researcher; Co-Chair of the IEEE Future Directions Quantum Initiative

-Alan Baratz (January 2022): CEO D-Wave Systems on Quantum Computing

Wish 4: Biotechnology For the Masses

Aritificially cell-based-grown food stuffs including meat replacements to the realization of the benefits of all.

An example is the non-profit Terasaki Institute for Biomedical Innovation (TIBI) with four research facilities and a main center at UCLA. From their website, “Conventional ways of meat production involving grass-fed livestock come at highly detrimental costs to the environment. Studies have shown that alternative meat sources, such as meat cultivated from animal cells, produce 92% less global warming, 93% less air pollution and use up to 95% less land and 78% less water than with conventional meat production methods. Not surprisingly, the potential advantages of alternative meat production have spurred much research and development in this area in recent years. Addressing the issues of scalability and costs for these methods, however, has remained a challenge, so scientists are continually striving to improve their methods and increase production efficiency. The results of the TIBI project will be published and presented to the research community for feedback and ideas for further improvement. It is the hope that the methodology will eventually be used on a large scale to produce a high-quality, cost-effective commercial product that can be used to cultivate any meat species.”

More wishes however as briefs...

Wish 5: Creativity Unleashed for Everyone

Your creativity realized through the proliferation of creator tools and platforms. These providing new sources of income and collaboration such as with NFTS and new economies.

Wish 6: Our Empathy Expanded

We are now pulled together with empathy, by the digital tools of our choosing, inspiring new ways of relating with each other.

Wish 7: Using Cognitive Technology for Creative Learning

A new generation of learning and understanding for children and adults with advanced cognitive skills resulting from a combination of advanced technology and a holistic approach to education.

Wish 8: Digital Businesses MORE Profitable and Sustainable

We have a new business model where we have a wide range of genuine free choices from all around the world.

Wish 9: Materials Sciences Makes the Impossible Possible

A revolution in materials sciences from graphene to new elements and novel configurations to totally new forms of computation and design. The coming of the super materials.

Wish 10: Space Mining and Space Tourism

We will have a new industry of unbounded opportunities which are already being realized with commercial space startups.

To place all wishes within context, I recommend this Forbes article which describes, how to best prepare for the digital reshaping from The GeoTech Decade.

Follow me on Twitter or LinkedInCheck out my website

What are important areas in quantum research?

What fields can quantum computers advance?

D‑Wave built Europe’s first >5,000‑qubit quantum computer.

Title:

Content: Europe ’ s first quantum computer with over 5,000 qubits is launched in Germany
2022 / 1 / 31 17: 24: 50 Source: ijiwei Author: JZ
According to surging news reports, recently, Europe's first quantum computer with more than 5,000 qubits was launched at the Forschungszentrum Jülich Research Center in Germany.
The center said it was an important milestone in the development of quantum computers in Europe.
Built by D-Wave, a Canadian supplier of quantum computing systems, the supercomputer is the company ’ s most computationally capable machine to date and is deployed outside of the company ’ s headquarters for the first time.
This quantum annealing computer is essentially the same idea as adiabatic quantum computing, and the machine is designed to deal with optimization and sampling problems.
The advantage of quantum annealing is that the stability of the system is much higher than that of the quantum gate.
With this super quantum computer and the establishment of the remote cloud-access D-Wave quantum system at the Leahy Research Center, the center is able to participate in the practical application of quantum computing at an early stage.
Quantum computers are expected to revolutionize drug development, cybersecurity, financial modeling, weather forecasting and many other fields, dealing with problems that classical computers cannot solve.
In order to realize the commercial application of quantum computing as soon as possible, the center established the JUNIQ quantum computing user infrastructure (JUNIQ) to provide friendly access to quantum computing systems for different user groups in Europe.
In the future, JUNIQ will provide facilities for German and other EU researchers and companies to use JUNIQ to help them use quantum computers, from experimental systems and machine prototypes to first-of-its-kind production systems, and develop algorithms and applications.
Related articles
Key word: quantum computer
Soft media 's website: IT home hot products - Value shopping guide, coupons most buy - rebate coupons iPhone home Win7 home Win10 home Win11 home
Soft media software: Magic cube swordfish browser (speed kernel) cloud calendar cool point desktop Win7 optimization master Win10 optimization master soft media mobile APP application

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Key lessons: high hardware costs, expert shortages, noise reduction, error correction.

What are the challenges in quantum computing research?

What are the challenges in quantum computing research?

US leads quantum investment; China rapidly catching up.

Title:

Content: Why These 3 Stocks Are the Worst Ways to Play Quantum Computing Right Now

Advertisement

  • Quantum computing stocks are intriguing, but traders should be wary of these three speculative bets.
  • Rigetti Computing (RGTI): The recent excitement will fade as a purported superconducting breakthrough failed to deliver.
  • Arqit Quantum (ARQQ): The firm’s quantum cybersecurity approach has failed to generate meaningful consumer traction.
  • D-Wave Quantum (QBTS): Quantum annealing is a less proven method for attempting quantum computing.
  • Unproven technologies and minimum revenues make these three stocks ones to pass.

Quantum computing stocks are having a moment. The industry’s leading pure play company, IonQ (NYSE:IONQ), up nearly 400% year to date (YTD), has plenty of positive chatter about their proprietary technology. However, traders should avoid these three other quantum stocks that don’t have the same apparent potential.

It’s important to realize that there are various ways to generate qubits and enable quantum computing. A pitfall is to value all these methods similarly. Yet, trapped ion approaches, used by IonQ and Honeywell (NYSE:HON), show the most promise. Others, such as superconducting and quantum annealing, are less proven to this point.

Avoid making any painful quantum computing mistakes and steer clear of these three riskier quantum picks.

Rigetti Computing (RGTI)

Source: Bartlomiej K. Wroblewski / Shutterstock.com

Rigetti Computing (NASDAQ:RGTI) is a small, pure play quantum computing firm focused on using superconducting technology to produce its qubits.

Researchers have noted that there are high error rates with superconducting transmon qubits. Efforts are under way to reduce the error rate in order to make superconducting a more competitive way of achieving quantum computing. For now, investors have gravitated to alternatives, such as trapped ion systems, used by rivals such as IonQ.

Rigetti enjoyed a brief moment in the sun this summer thanks to the superconducting media cycle. However, skeptics quickly debunked reports of a breakthrough in room temperature-based superconducting systems. This should put an end to the recent enthusiasm in RGTI stock.

At the end of the day, Rigetti is a tiny firm with minimal revenues attempting to popularize so-called second-tier quantum computing systems. All of that makes it a highly risky bet today.

Arqit Quantum (ARQQ)

Source: vs148 / Shutterstock

Quantum computing and quantum technologies have started to make their impacts known in other industries. For example, Arqit Quantum (NASDAQ:ARQQ), is attempting to commercialize quantum encryption to deliver next-generation cybersecurity solutions.

On paper, this seems like a promising venture. The CEO, David Williams, has given investors an optimistic vision of the company, declaring in 2021 that Arqit could be “Britain’s biggest ever tech scale-up”.

However, another statement he made at the time has now backfired.

“We

Perhaps quantum computing will be vital in developing future cybersecurity technologies. With little sign of it yet, Arqit is generating a disappointing $2.6 million of revenues through the first half of its latest fiscal year.

D-Wave Quantum (QBTS)

Source: T. Schneider / Shutterstock

D-Wave Quantum (NYSE:QBTS) is a Canadian technology company attempting to commercialize its quantum computing systems. It has a fifth-generation quantum computer and offers quantum computing services on-demand, in addition to its Ocean open-source python tools ecosystem.

D-Wave uses a quantum annealing approach which it sees as optimal for solving energy-minimization problems such as optimization and sampling.

It should be noted, however, that most quantum computing firms have chosen other approaches, rather than quantum annealing.

In fact, it has little evidence of widespread customer interest. D-Wave’s Q2 earnings release showed just $1.71 million of revenues, which fell short of already modest expectations. Also, the revenue growth rate of 25% year over year (YOY) is quite unimpressive for a firm with such a small starting base of operations.

Perhaps quantum annealing will eventually take off. However, D-Wave’s current $175 million market capitalization seems awfully steep given the minimal revenues and fairly unproven nature of the technology.

On the date of publication, Ian Bezek 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.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.

Article printed from InvestorPlace Media, https://investorplace.com/2023/09/why-these-3-stocks-are-the-worst-ways-to-play-quantum-computing-right-now/.

©2023 InvestorPlace Media, LLC

What countries and blocs are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

Canada invests heavily; Xanadu receives $40 million federal support.

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 countries and blocs are leading in developing quantum computing?

US White House establishes national advisory committee on quantum technologies.

Title:

Content: The White House plans to develop quantum technologies in the US, as well as strengthen cybersecurity to better protect next-generation computers, Reuters reported on May 4.
Joseph Biden
Digital Campaign Manager Doug Jones for Senate
It is noted that the US administration is particularly interested in quantum computers, which can work millions of times faster than modern technology.
US President Joe Biden intends to sign a decree according to which the national advisory committee dealing with the development of quantum technologies will be directly subordinate to the White House.
The committee will help provide immediate access to the latest information to the president and other key decision makers.
The White House is expected to announce the names of the committee members in the coming weeks.
Biden is also due to sign a national security memorandum outlining his administration ’ s plan to address the risks posed by potential quantum computer cyberattacks.

What countries and blocs are leading in developing quantum computing?