China has achieved quantum computing superiority in superconducting and photonic systems, developing prototypes like "Zuchongzhi II" and "Jiuchang II".

China leads in quantum computing, with its Zuchongzhi No. 2 being 10 million times faster than the fastest supercomputer.

China invested $15.3 billion in quantum technologies, with $2.35 billion in startup funding and 1,600 patents issued in 2022.

The University of Chicago and Tokyo are partnering on a quantum supercomputer aiming for 100,000 qubits, surpassing the current industry standard of around 430 qubits.

IBM has a 433-qubit machine, and a University of Chicago and Tokyo partnership is expected to yield breakthroughs in 2-3 years.

IBM leads in quantum systems, delivering a 1,000-qubit chip in 2023, while Intel applies transistor-based design, and IonQ is developing trapped ion quantum systems with 74 US patents.

Canada leads in quantum computing, investing $40 million in Xanadu Quantum Technologies to develop a photonic-based fault-tolerant quantum computer and over $1 billion in quantum research.

IQM Quantum Computers is supplying quantum processing units for Spain's first quantum computer, led by Qilimanjaro Quantum Tech.

Germany's Quantum Valley Lower Saxony project, funded with €2 billion, aims to build a quantum computer by 2025, attracting 400 researchers.

The US and China are investing $170 billion and at least $150 billion, respectively, in emerging technologies like AI and quantum computing.

India has approved a ₹6,003 crore National Quantum Mission to develop intermediate-scale quantum computers.

The UAE is investing in quantum computing, a market expected to reach $1 trillion by 2035, and the global quantum computing market is expected to reach $1.77 billion by 2026. [10].

Google, IBM, and Honeywell are investing heavily in research and development, including IBM's focus on quantum chip miniaturization and accuracy, and IBM plans to launch a 4,000-plus qubit machine by 2025. [5].

China has achieved quantum computing superiority in superconducting and photonic systems, developing prototypes like "Zuchongzhi II" and "Jiuchang II".

Title:

Content: People 's Network > > Education
China achieves "quantum computing superiority" in two physical systems
Xu Jing
October 27, 2021 08: 26 | Source: People's Daily - People's Daily
Small number
Original title: Quantum computing prototype "Zuchongzhi II" and "Jiuchang II" came out - China in two physical systems to achieve "quantum computing superiority"
Recently, the research team of China University of Science and Technology has made important progress in the quantum computing of superconducting quantum and light quantum systems, and successfully developed the "Zu Chongzhi II" and "Jiuchang II", making China the only country in the world to achieve the "quantum computing superiority" milestone in the two physical systems.
The research team composed of Pan Jianwei, Zhu Xiaobo and Peng Chengzhi, and the Shanghai Institute of Technical Physics of the Chinese Academy of Sciences, recently successfully built the 66-bit programmable superconducting quantum computing prototype "Zuchongzhi II", which solved the "quantum random line sampling" task more than 10 million times faster than the fastest supercomputer in the world.
The research team composed of Pan Jianwei, Lu Chaoyang, Liu Naile and other researchers, in cooperation with the Shanghai Institute of Microsystems and Information Technology of the Chinese Academy of Sciences and the National Parallel Computer Engineering Technology Research Center, recently successfully built 113 photon 144 mode of quantum computing prototype "Nine Chapter 2", solving Gaussian Bose sampling mathematical problems 10 times faster than the world's fastest supercomputer.
In 1981, Nobel Prize winner Richard Feynman proposed the idea of a quantum computer.
Quantum computing is thought to be a key technology for the next generation of the information revolution.
"'Quantum computing superiority' refers to a specific task, or a special track, that surpasses the current supercomputer," said Lu Chaoyang, a professor at the China University of Science and Technology.
The physical realization of large-scale quantum computers is one of the major challenges at the forefront of world science and technology.
Therefore, to achieve the physical realization of quantum computing, the international academic community takes a three-step road map.
Among them, the first milestone, is known academically as the “superiority of quantum computing. ”
At present, random line sampling based on superconducting bits and Bose sampling based on photons are two important schemes to demonstrate the superiority of quantum computing experimentally.
The latest achievements of these two programs are "Zuchongzhi II" and "Jiuchang II" respectively.
"In terms of volume, you can think of the two as a large special computing device that can be installed in a room," Lu said.
As for the difference between the two, Lu Chaoyang said, mainly the media is different, "superconducting quantum computing mainly depends on the medium is superconducting material, light quantum computing mainly depends on the medium is photon."
According to the existing theory, the speed of the quantum-random line sampling problem handled by "Zuchongzhi II" is 7 orders of magnitude faster than the fastest supercomputer at present, and this achievement is the first time that China has reached the "quantum computing superiority" milestone after the "nine chapters" of the optical quantum computing prototype in the superconducting quantum bit system.
According to the existing theory, Nine Chapters Two can process Gaussian Bose samples 10 times faster than the current fastest supercomputer 24 times faster.
This achievement has once again refreshed the international technical level of light quantum manipulation, and further provided experimental evidence of quantum computing acceleration.
According to reports, the successful demonstration of the superiority of quantum computing marks the second stage of the development of quantum computing research, and begins the exploration of quantum error correction and recent applications.
"At present, the development of quantum computing is still in a very early stage, it is difficult to predict how broad the application prospects in the end, but now, it can improve our computing capabilities, in many scientific research areas are very helpful, such as drug design, molecular simulation, code deciphering, etc." Lu Chaoyang said.
People 's Daily (October 27, 2021, 12 pages)
(Editor: Lin Yutong (intern), Wen Lu)
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What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

China's "Jiuzhang-2" quantum supremacy experiment

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

China leads in quantum computing, with its Zuchongzhi No. 2 being 10 million times faster than the fastest supercomputer.

Title:

Content: Recently, scholars from the Chinese Academy of Sciences announced the results of quantum computing research, announced that superconducting quantum computing and optical quantum computer Zuchongzhi No. 2 achieved a record computing performance, and German experts said that China has at least matched the Western level in this basic research field.
However, the current global quantum computer is still in the prototype stage, and the actual application is far from.
"German Voice" pointed out that Chinese scholars recently published a paper claiming that its newly developed 66 qubits (Qubits) programmable superconducting quantum computer Zuchunzhi No. 2, achieved record computing performance, 10 million times faster than the fastest supercomputer currently, and the computational complexity is 1 million times higher than Google's superconducting quantum computer prototype Sycamore.
In 2019, Google ’ s 54-qubit Suzuki became the world ’ s first quantum computer to achieve “quantum supremacy ” (Quantum Supremacy), significantly surpassing the performance of traditional supercomputers.
However, Suzuki can only handle some very abstract specific tasks, and there is still a lot of distance from the daily application scenarios.
According to the research and development team, the difficulty of handling the task is 2-3 orders higher than that of Suzuki.
Pan Jianwei, an academician of the Chinese Academy of Sciences who led this research, said that the next step will be to solve quantum error correction, so as to explore the use of quantum computing to solve some scientific problems of great application value.
The report said that Pan's team also launched the optical quantum computing prototype 9 Chapter 2, which has the computing power per millisecond equivalent to 300 billion years of traditional supercomputers.
However, for the time being, Chapter 2 can only deal with specific tasks and is not yet suitable for practical application.
German experts said that in the past, the Trump administration's sanctions against Chinese technology can only be temporary measures, and they must strengthen their competitiveness in the long run.
In recent years, China has achieved a global leading position in the field of quantum technology. In 2020, Pan Jianwei ’ s team and scholars from international scientific research institutions such as Oxford University achieved unrelenting quantum secret communication based on quantum entanglement between two ground stations separated by thousands of kilometers.
These scientists also used the Mozi quantum communication experiment satellite as a quantum entanglement source, for the first time to achieve the distribution of quantum keys between two places thousands of kilometers apart.
The latest research results of quantum computing have been rated by Kristel Michielsen, a professor of physics at Aachen University and an expert in quantum communication at the Ulrich Research Center for Supercomputing in Germany, as “at least up to the level of quantum computing in the West. ”
However, Pan stressed that his team ’ s Zuchong II has 66 qubits, so its performance is four times that of a 54 qubit Google Suspension.
Neither of the two prototypes used their maximum computing power when handling the experimental task.
Pan Jianwei pointed out that the current quantum computing prototype error rate is still too high, so it can not be put into the actual application scenario.
The stability of qubits remains a major challenge for researchers around the world.
Michelson said that first to try to make high-quality qubits and quantum logic gates, but to keep them stable, it can only last 30 to 95 milliseconds, and scientists are fighting for the moment to let quantum computers handle experimental tasks.
Source: China ’ s quantum computing technology “at least parity with the West ”
# Quantum Computing # Quantum Bit # Quantum Computer # Zu Chong No.2 # Prototype

What advantages do quantum computers have over conventional computers?

What countries and blocs are leading in developing quantum computing?

What have been the landmark achievements in quantum computing?

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

China invested $15.3 billion in quantum technologies, with $2.35 billion in startup funding and 1,600 patents issued in 2022.

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.
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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.

How much have countries and blocs invested in quantum computing?

What countries and blocs are leading in developing quantum computing?

The University of Chicago and Tokyo are partnering on a quantum supercomputer aiming for 100,000 qubits, surpassing the current industry standard of around 430 qubits.

Title:

Content: Univ. of Chicago joins University of Tokyo to create first quantum supercomputer

CHICAGO (CBS) -- Two universities, including one in Chicago, are joining forces to develop what would be the most powerful computer in the world.

It's a partnership that was recently announced at the G7 Summit and the expectations are pretty super. CBS 2's Andrew Ramos explains.

From climate change to complex chemical reactions, supercomputers have been on the forefront of addressing some of the world's most pressing problems.

Now, a new global partnership is aiming to create the first ever quantum supercomputer, which would usher in a new age of innovation.

The University of Chicago will join forces with the University of Tokyo to build what would be the world's most powerful computer as part of a 10 year, $150 million initiative funded by IBM and Google, recently announced at the G7 summit in Japan.

"The Chicago area is really becoming sort of a world leader in this area."

Fred Chong is a computer science professor at the University of Chicago, and he said this type of innovation will have a significant impact on lives everywhere.

"It's really going to be able to solve problems problems that we can't even approach today," Chong said. "Certain problems on a quantum scale like understanding materials of chemistry, but also UPS trucks like scheduling UPS trucks or flights on an airline."

Over the next decade, researchers at both universities will build this super computer powered by 100,000 qubits, which is the basic unit of information in computing.

Currently, the industry standard is roughly 430 qubits. The goal is to first reach 1,000 then 10,000 and ultimately 100,000 -- which will be a collaborative effort between both universities.

"Already IBM has a 433 qubit machine so we will be building upon their technology and googles technology to come up with ways of using these machines," Chong said.

This partnership is set to kick off in the next couple of weeks, where we could actually start seeing breakthroughs in as early as two to three years.

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What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

IBM has a 433-qubit machine, and a University of Chicago and Tokyo partnership is expected to yield breakthroughs in 2-3 years.

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?

IBM leads in quantum systems, delivering a 1,000-qubit chip in 2023, while Intel applies transistor-based design, and IonQ is developing trapped ion quantum systems with 74 US patents.

Title:

Content: 3 Quantum Computing Stocks That Could Grow Your Wealth

Advertisement

  • Quantum computing stocks offer growth potential in emerging technology.
  • IBM (IBM): Leader in quantum systems development, focusing on miniaturization and accuracy.
  • Intel (INTC): Applying transistor-based design to quantum computing with silicon spin qubits.
  • IonQ (IONQ): Developing trapped ion quantum systems with strong technological advantages.

Quantum computing stocks are working toward creating and selling quantum computers and other quantum products. These technologies are based on principles of quantum mechanics. This includes superposition and entanglement to perform operations that a classical processor cannot. These stocks provide a way to enter a field expected to transform many industries.

Thus, investing in quantum computing stocks is quite promising, considering the development of the industry. Some of the breakthroughs in quantum computing hardware include the creation of superconducting qubits and error correction software for larger quantum computers. There has been progress in increasing the qubit coherence times and combining classical and quantum computing to solve real-life problems.

Many of these quantum computing stocks trade at reasonable valuations. Now is a great time for investors to consider these options to grow their wealth. So here are three quantum computing stocks to consider.

IBM (IBM)

Source: shutterstock.com/LCV

IBM (NYSE:IBM) is one of the leading companies in the race toward quantum computing. It’s constantly pushing forward to create efficient quantum systems. The company’s delivery of the first 1,000-qubit quantum chip in 2023 proved incredible advancements are being made in this field.

What’s more, IBM’s approach has changed significantly since the company decided to focus on the miniaturization of quantum chips and their increased accuracy rather than increasing the number of qubits. While quantum computing still has a long way to go before it is practically usable, it has the potential to be used in fields such as cryptography, optimization, and simulation. This is where computing accuracy is paramount.

Thanks to its technical competence, cooperation with other industries, and conceptual approach to the development of quantum computing, IBM has the potential to lead the way forward.

Financially and technically, IBM pays a solid and growing dividend and has a low beta, making it a defensive pick in one’s portfolio.

Intel (INTC)

Intel (NASDAQ:INTC) has become one of the frontrunners in the race to build quantum computers through the application of transistor-based design and semiconductor manufacturing. Thus, by transferring the methods for creating and verifying conventional chips to silicon-based quantum computers, Intel has made a significant leap forward in its creation.

This is because the company is using silicon spin qubits, which are somewhat similar to the familiar semiconductor transistors. This allows the company to use its advanced CMOS fabrication facilities to place millions or even billions of these qubits on a single chip.

Intel’s progress in developing a 12-qubit silicon chip on a 300mm wafer with an impressive 95% yield rate proves its capacity to meet the stability standards of quantum computers. Also, Intel has perfected the cryogenic wafer probing technique. This allows it to test its quantum devices and make necessary adjustments faster.

INTC could be one of the top quantum computing stocks to consider to include an award-winning brand your portfolio.

IonQ (IONQ)

IonQ (NYSE:IONQ) is a leading developer of quantum computing systems using trapped ions. This approach could potentially enhance the reliability of its quantum computations.

IonQ has a strong technological advantage and owns 74 US-issued patents and 163 pending applications covering its quantum computing solutions. It is also engaged in the process of developing its quantum hardware for the commercial market, through which is available on the major cloud platforms and has signed several strategic partnerships,

One of the best things about IONQ is its financials are in good shape. This is more than what can be said for other companies that are exploring more experimental strategies.

As per its Q1 results, IonQ has high gross margins and increasing orders for quantum systems. The company expects to achieve net income before seeking more capital and thus prepare for long-term development. These factors make IONQ one of those quantum computing stocks to buy.

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

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

Article printed from InvestorPlace Media, https://investorplace.com/2024/07/3-quantum-computing-stocks-that-could-grow-your-wealth/.

©2024 InvestorPlace Media, LLC

What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

Canada leads in quantum computing, investing $40 million in Xanadu Quantum Technologies to develop a photonic-based fault-tolerant quantum computer and over $1 billion in quantum research.

Title:

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

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

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

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

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

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

Quotes

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

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

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

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

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

— Christian Weedbrook, Founder and CEO, Xanadu

Quick Facts

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

Associated Links

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

SOURCE Prime Minister's Office

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

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

IQM Quantum Computers is supplying quantum processing units for Spain's first quantum computer, led by Qilimanjaro Quantum Tech.

Title:

Content: IQM Quantum Computers to supply quantum processing units for Spain ’ s first quantum computer
• IQM is a member of the consortium led by Qilimanjaro Quantum Tech and GMV
IQM to deliver first quantum processing unit in Q2 2023
Quantum computer to be installed at Barcelona Supercomputing Center (BSC) and integrated into MareNostrum 5 supercomputer
IQM Quantum Computer opened (Photo: Business Wire)
BARCELONA, Spain -- (BUSINESS WIRE) -- IQM Quantum Computers (IQM), a leader in quantum computers in Europe, announced today that it has been selected to supply quantum processing units for the first Spanish quantum computer.
The computer will be installed at the Barcelona Supercomputing Center (BSC) and integrated into Spain ’ s extremely powerful MareNostrum 5 supercomputer.
IQM is a member of a consortium led by Spanish companies Qilimanjaro Quantum Tech and GMV, selected by Quantum Spain. Quantum Spain is an initiative promoted by the Ministry of Economic Affairs and Digital Transformation through the Secretary of State for Digitalization and Artificial Intelligence (SEDIA) in December 2022 to build the first quantum computer for public use in Southern Europe.
Dr. Jan Goetz, co-founder and CEO of IQM Quantum Computers, said: “This is a major announcement from IQM.
We have the right background and experience in developing quantum processors, computers, and national quantum ecosystems.
We look forward to working with Qilimanjaro Quantum Tech and are excited to be part of such a strong consortium and play an important role by providing quantum processing units for this prestigious project. ”
The integration of quantum computers into MareNostrum 5 enables solutions that complement the capabilities of existing supercomputers for use by research institutions, companies and public organizations, as well as the development of technology and industry in Spain and the creation of high-quality jobs, thereby significantly increasing the impact of research and innovation.
Victor Canivell, co-founder and CEO of Qilimanjaro, said: “We are delighted to be able to leverage the expertise of an excellent company like IQM to support the development of this innovative system, which will be based entirely on Spanish and European technologies.
We believe this will be a productive collaboration and we look forward to working with IQM to roll out the system. ”
Jani Heikkinen, Head of Business Development and Regional Manager, Spain, said: “This is yet another example of our European leadership and it demonstrates our commitment to working with public and private institutions to advance the Spanish quantum ecosystem.
We can also provide the necessary support for the project through our office in Madrid, "he said.
About IQM Quantum Computers
IQM is a pan-European leader in building quantum computers.
IQM provides internal quantum computers for supercomputing centers and research labs and provides full access to their hardware.
For industrial customers, IQM leverages its quantum advantage through a unique, application-specific joint design approach.
IQM is currently working with VTT to build Finland ’ s first commercial 54-qubit quantum computer.
In addition, a consortium led by IQM (Q-Exa) is building quantum computers in Germany that will be integrated into HPC supercomputers to create quantum accelerators for future scientific research.
IQM has offices in Singapore, Paris, Madrid, Munich and Espoo and employs more than 240 people.
For industrial IQMs, quantum advantages are provided through a unique, application-specific, co-design approach.
About Qilimanjaro
Qilimanjaro Quantum Tech is a high-tech startup that uses analog models, a different but complementary model of quantum computing, to bring practical applications of quantum computing to market in less time than digital quantum computers.
Qilimanjaro has created a coherent quantum retreater that runs real-world applications through our cloud, such as optimization tasks in areas such as logistics, finance and energy sectors, as well as quantum simulations of chemical and physical processes that are prevalent in the materials and pharmaceutical research industries.
Qilimanjaro aims to provide customers with faster, more accurate and sustainable solutions to computing problems.
Since its first year of operation, the company has signed a number of customer contracts and is a major contributor to the European Commission ’ s AVaQus H2020 coherent quantum annealing project.
Qilimanjaro is a spin-off of the Barcelona Supercomputer Centre (BSC), the University of Barcelona (UB) and the Spanish Institute of High Energy Physics (IFAE).
About GMV
GMV is a privately held technology conglomerate founded in 1984 that trades globally in the following industries: aerospace, aviation, defense and security, cybersecurity, intelligent transportation systems, automotive, healthcare, telecommunications and IT, serving government agencies and large corporations.
With more than 3,000 employees, the company currently has subsidiaries in Spain, the United States, Germany, France, Poland, Portugal, Romania, the United Kingdom, the Netherlands, Belgium, Malaysia and Colombia, with 2021 revenue approaching 260 million euros.
75% of its turnover comes from international projects on five continents.
The company adopts a growth strategy based on continuous innovation and invests 5% of its turnover in internal research and development. GMV has been certified by CMMI Level 5, the world ’ s most authoritative model for organizational process capability enhancement, and holds several international patents.
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original version, the original version is the only version with legal effect.
Contacts
IQM Media Contacts
Raghunath Koduvayur, Head of Marketing and Communications
Email: Raghunath @ meetiqm.com
Mobile: + 65 9353 0048
www.metiqm.com
Media Contacts
Alícia Labián Pagès, Corporate Operations Manager
Email: alicia.labian @ qilimanjaro.tech
Mobile: + 34 676 683 876
www.qilimanjaro.tech
For more information please contact:
marketing @ gmv.com
www.gmv.com
Contacts
IQM Media Contacts
Raghunath Koduvayur, Head of Marketing and Communications
Email: Raghunath @ meetiqm.com
Mobile: + 65 9353 0048
www.metiqm.com
Media Contacts
Alícia Labián Pagès, Corporate Operations Manager
Email: alicia.labian @ qilimanjaro.tech
Mobile: + 34 676 683 876
www.qilimanjaro.tech
For more information please contact:
marketing @ gmv.com
www.gmv.com

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

Germany's Quantum Valley Lower Saxony project, funded with €2 billion, aims to build a quantum computer by 2025, attracting 400 researchers.

Title:

Content: Artificial intelligence - a global race on quantum computing | Science and technology | Latest discoveries and studies from DW Arabia | DW | 04.09.2021
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Artificial Intelligence: A Global Race for Quantum Computing
Germany is in the midst of a frantic global race for artificial intelligence technologies through quantum computers.
The Quantum Valley Lower Saxony project will make this state a leading center for the development of quantum computing in Germany, attracting 400 researchers.
The possession of quantum computer technology has become one of the most important bets of the future for which the world powers are engaged in a feverish race to harness all the scientific and financial possibilities.
The technology is far more powerful than today ’ s best computers, employing the incredible physical properties of tiny particles.
Instead of the data storage unit (BIT) on which traditional computing operates with values of 0 and 1, the quantum scientist uses a unit (Qbits) that allows multiple values at the same time, theoretically enabling parallel calculations beyond anything known to man to date.
However, this technology is still at an experimental stage and in the future it is expected to solve complex computational problems that current computers cannot do, applying to multiple fields, including computation of tracks and more complex decoding, as well as countless application areas, such as drug development, to name a few.
In May 2021, German Chancellor Angela Merkel, who has completed a PhD in quantum chemistry, launched the first quantum computer built in Germany by the American company IBM, at a time when the world is in a race against time to take the lead in this promising technology.
The Q System One, built near Stuttgart in cooperation with the German research institute Fraunhofer, has been in service since the beginning of April, and is the first device of its kind for the American company outside the United States.
Lower Saxony is also seeking to be a leading platform for the development of this technology in Germany as part of the Quantum Valley Lower Saxony project, which attracts at least 400 researchers.
Watch the video 26: 00
Made in Germany - Innovation is the engine of success
Germany - Artificial Intelligence for Quantum Computing
The major world powers have entered a frantic race over the technologies of the future that will change the way of life of humanity in the world of tomorrow.
The German government has earmarked at least €2 billion this year for the development of quantum computers, which experts say are the main entry point for artificial intelligence technologies.
Germany aims to keep pace with global competition by developing a quantum computer over the next five years.
German Minister of Scientific Research Anja Karlyschek (May 2021) said: “Quantum technologies are one of the key technologies that will be crucial in the future.
"It will allow us to make our communications completely secure, make leaps in medical technology via highly sensitive sensors, or address previously unsolvable problems in logistics or materials research via quantum computing."
Lower Saxony aims to build Germany ’ s first quantum computer and put it into operation by the end of 2025.
Using a technique called the "ion trap", ions are charged atoms, as the basic unit of computation of a computer - the ion is a qubit.
With the help of electric fields, these ions are captured and controlled by radio waves and laser beams.
Lower Saxony - Leadership in Quantum Technology
The state of Lower Saxony (eastern Germany) is seeking to take the lead in the development of quantum computer technology in Germany, in cooperation with a number of universities and research institutions, attracting the expertise of at least 400 researchers under the project "Quantum Valley Lower Saxony".
The project is expected to receive funding of 1.5 billion euros over 10 years.
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Rare bipartisan deal in U.S. Congress on tech support
Between science fiction and hard science facts, quantum technology is one of the most important breakthroughs in modern technology.
The industry is increasingly relying on highly complex computing processes in the shortest possible time frame.
However, all current quantum computers are basically just experimental or prototype devices.
The number of qubits does not have to be the only measure, but the quality of the calculations is more important.
In the future, a complete system with special algorithms and software will have to be developed so that researchers can develop technology with enormous potential.
Computers are all at the same time.
The first (mechanical) computer appeared in 1941 before a number of inventions were developed that changed the face of computing and made computers the devices we know today in terms of efficiency, smallness and lightness compared to the first models.
Despite the tremendous development of computing technologies, they still face numerous dilemmas, including, but not limited to, the constant fear of hacking and intrusion of data confidentiality.
Quantum computers go beyond the binary logic of qubits being in the states of 0 and 1 at the same time, but also in the states in between.
This means that far fewer kibbutz are needed to perform calculations, which traditional computing devices cannot.
Another advantage of quantum technology is that these processes take place at close to the speed of light.
However, the generation of quantum "bits" still poses a number of dilemmas, using superconducting elements, such as ions, "trapped" atoms, photons and other similar processes.
The ions are stimulated by microwave radiation, which can be placed in multiple states, which can then be loaded with different information.
The particles are moving.
To be able to function, it must be "frozen", with extreme cooling close to absolute zero (-273.15 ° C) using complex techniques such as magnetic fields.
In addition, qubits are unstable and react to the slightest external stimulation, such as vibrations, magnetic and electrical fields, and other factors.
watch video 02: 01
European Commission seeks to limit market power of tech giants
From a quantum computer to a neural computer.
Traditional computer chips are almost beginning to exhaust their maximum capabilities because semiconductor performance is starting to reach its physical limits.
Because chips cannot be downsized indefinitely in order to increase their performance in as little space as possible, quantum computers and neural computers are being developed as technological alternatives in the future.
As explained above, a classical computer operates with 0 and 1 binary mode geometry (i.e., current flow or no current flow).
This is specified in the bit unit.
The physical structure in a computer consists of electronic components, such as capacitors or transistors in microchips.
The primary and fundamental property of a "bit" unit is that its value is precisely defined and does not change when measured, on the other hand, the value of a "bit" does not change immediately once the value of another "bit" changes, and in a classical computer only after a certain period of time in the range of milliseconds per second.
Coinciding with the interest in quantum computers, a new technological approach has emerged and concerns computers that do not rely on artificial intelligence but mimic the human brain and are called neural computing.
It has the privilege of extremely low energy consumption, computing speed and high capacity to store information in an analogy to the functioning of the human brain.
Artificial Intelligence: The Tool of Domination in Tomorrow ’ s World
An ambitious US project has invested $170 billion for scientific research and development in the field of precision technology, such as artificial intelligence and semiconductors.
China is engaged in an economic and technological war with Western powers and the United States in particular that exploded in the form of trade battles under former President Donald Trump, and is one of the rare issues adopted by Democratic President Joe Biden after his Republican predecessor.
It enjoys broad consensus in Congress for its strategic dimension.
It has become clear that whoever wins the race for future technologies such as artificial intelligence will be the world ’ s first economy.
The U.S. project provides for $52 billion over five years to encourage companies to manufacture chips and semiconductors in the United States.
Washington believes the Chinese rival is investing at least $150 billion to develop the technologies of the future.
Hassan Zinind

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

The US and China are investing $170 billion and at least $150 billion, respectively, in emerging technologies like AI and quantum computing.

What countries and blocs are leading in developing quantum computing?

What fields can quantum computers advance?

India has approved a ₹6,003 crore National Quantum Mission to develop intermediate-scale quantum computers.

Title:

Content: Satyam Priyadarshy

Rajesh Mehta

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

Bits to Qubits

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

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

Wide applications

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

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

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

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

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

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

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

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What are important areas in quantum research?

The UAE is investing in quantum computing, a market expected to reach $1 trillion by 2035, and the global quantum computing market is expected to reach $1.77 billion by 2026. [10].

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  1. Analysis
September 23, 2022

Is the finance sector quantum ready?

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It is an important year for quantum computing, according to GlobalData’s Technology, Media and Telecoms Predictions 2022. In addition to the high levels of hype generated around this disruptive technology, significant technical advances have seen companies starting to invest in exploring its potential benefits.

The global quantum computing market size is set to reach $1.77bn by 2026, up from $472m in 2021, at a compound annual growth rate of 30.2%, according to Markets and Markets. Pioneering adoption of quantum computing by financial services companies is expected to drive this growth.

Is the financial services industry prepared for quantum?

What does a quantum advantage over classical computing mean for financial services? Increasing the speed and volume of calculations and transactions by multiples represents the biggest change for a post-quantum financial services sector – and the key to identifying the potential benefits of specific use cases is exploration. Early iterations of quantum computing-as-a-service are under way with Big Tech companies Microsoft, Amazon, IBM and Google offering clients a cloud service for experimenting with quantum simulators (essentially classical computers mimicking quantum computers in the cloud to see what they can do).

This collaborative approach between businesses and tech companies addresses two problems in tandem: first, it allows businesses to familiarise themselves with the emerging technology despite quantum supremacy being some years away; second, it tackles the biggest business challenge, which is identifying the most effective use cases for financial services.

US tech giant IBM’s quantum accelerator programme was set up with exactly that in mind: to allow businesses themselves to find effective quantum computing use cases. Many of IBM’s financial services clients in the accelerator programme have initial concerns about the effect quantum computing will have on cryptography, according to Prakash Pattni, managing director for financial services – digital transformation at IBM.

“It took a few years for banks to work out where blockchain fits in with cryptography, for example, and we are now at a stage where blockchain is really taking off,” he says.

Pattni likens quantum computing as being at that same early stage of experimentation as blockchain was. Financial services companies are perhaps even more acutely aware of the potential impact of quantum computing on data security because the nature of banking regulation means data has to be stored and kept safe for many years, adds Pattni.

While cybersecurity remains a clear concern for clients, specific use cases are still being worked out. Again, experimentation is key, according to Pattni, who says: “I think we’ are still at that very early stage in terms of experimentation where quantum is concerned.” According to Gartner, 40% of large companies are planning to create initiatives around quantum computing by 2025, but even with accelerator programmes and research and development budgets, very specific use cases are still proving hard to identify.

Financial services, particularly those which work across multiple markets, stand to benefit greatly from efficiencies enabled by quantum computing given that it enables the modelling of multiple permutations of different scenarios or values to solve the most efficient outcomes in a fraction of the time it would take classical computing.

Pattni believes this could be particularly useful in the cross-border fraud detection space, saying: “Real-time payments mean the window to look at fraud needs to be in real time too.” As AI is increasingly integrated into banking systems, the interface between AI and quantum computing is also a testing ground. Pattni says risk calculation is an area that investment banks are looking at.

“It requires incredibly high levels of compute power to run multiple risk scenarios that regulators don’t like, so that is another area where quantum computing could be applied, but it is still really early days of experimenting with applications,” he adds.

Finance’s first movers in quantum computing adoption

EY’s 2022 Quantum Readiness survey, produced in collaboration with the UK’s National Quantum Computing Centre, found that 81% of senior UK executives expect quantum computing to play a significant role in their industry by 2030. Despite this, most companies are taking a ‘watch and see’ approach. However, there are those in the finance sector taking a pioneering approach by testing the technology and ramping up investment in a calculated bet that quantum computing will, in fact, live up to its hype.

US investment bank Goldman Sachs is actively researching how quantum computing can be applied to the pricing of complex derivatives. Computing a price within a complicated contract or statistical model can be an expensive process. Derivatives are so common in finance that even a small improvement in pricing them, or in calculating related quantities, could be very valuable, according to William Zeng, head of quantum research for Goldman Sachs, who made the claim in September 2022 for Microsoft Azure’s quantum blog.

In March 2022, Spain’s CaixaBank’s life insurance and pensions company, VidaCaixa, announced that it is using Canadian quantum computing company D-Wave’s cloud service to build a quantum computing application for its investment portfolio selection and allocation activities, as well as its portfolio hedging.

According to CaixaBank, this is the first time a financial services company has applied quantum computing in investment hedging in the insurance sector. What normally took the bank several hours of computing time was reduced to just minutes, representing up to a 90% decrease. This time reduction facilitates increased modelling complexity, which is better adapted to real-time markets, optimises invested capital while maintaining constant risk levels and improves the hedging decision-making process. The Spanish banking group is evaluating whether to use the application in other areas of its operations over the coming months.

In March 2022, HSBC announced it will join the IBM Quantum Accelerator programme to progress potential quantum use cases in pricing and portfolio optimisation to advance its net-zero goals and to mitigate risks, including identifying and addressing fraudulent activity. The collaboration will also include knowledge transfer through internal training programmes, as well as actively recruiting quantum computing research scientists to build a dedicated capability within its innovation team.

Elsewhere, Standard Chartered has embarked upon research into quantum computers as part of an academic partnership with the Universities Space Research Association. The partnership is already actively developing what is known as the Quantum Computing System for Financial Services, and the bank will use it to address the security challenges posed by a super-powerful quantum computer.

Post-quantum security a pressing matter

Both IBM and Google have road maps to create quantum computers capable of defeating current encryption by 2030, according to GlobalData. Despite the cybersecurity industry developing quantum-resistant encryption before that time, future quantum computers could decrypt data harvested today. As a result, GlobalData expects companies to implement quantum security solutions in 2022, particularly as cybersecurity has become front of mind for business leaders.

Over the past 12 months, interest in quantum security has grown considerably in the financial services sector, according to Duncan Jones, head of cybersecurity at quantum computing company Quantinuum. “This is partly driven by the stream of announcements from the US government highlighting the urgent need to combat the quantum threat alongside the business opportunities,” he says.

In addition, as more quantum-enabled business use cases emerge, so too do the cybersecurity concerns. Jones and his team at Quantinuum are working on ways to remedy this. Quantinuum’s partnership with cybersecurity software company PureVPN uses Quantinuum’s cyber platform, Quantum Origin, to create and deploy encryption keys generated using a verifiable quantum process, which are more secure than keys from unverified, classical computing processes.

Every technology advance creates a commensurate cybersecurity challenge and quantum-proofing financial services companies will continue to be a concern alongside the business growth opportunities, according to Jones. “Financial services companies are realising there is a new quantum baseline for security and are factoring this into their cyber planning,” he adds.

In July 2022, it became public knowledge that US investment bank JPMorgan Chase had hired assistant professor Dr Charles Lim – a world-renowned expert in next-generation, quantum-resistant communication networks at the National University of Singapore – to lead the bank’s quantum communications and cryptography. The move not only demonstrates how quantum computing has become a business concern but also highlighted a global race for talent in the field, serving as a warning to other financial services companies that they may want to ramp up their search for quantum computing talent. Historically, financial services has attracted the brightest and the best with attractive compensation, but the sector is now competing with commensurate employee offerings by Big Tech. A battleground for quantum computing talent is set to continue.

Credit rating financial services company Moody's Analytics announced in September 2022 that it is establishing the Moody's Analytics Quantum Computing Team, which is perhaps a sign that quantum computing has become part of the financial services establishment. Early adoption of this technology may seem like a choice in 2022, but it may prove vital in future-proofing financial services companies against the changes that it will bring to the sector. As with any emerging technology there are first movers and those that follow the trend – it is still too soon to tell which approach will reap the most benefits.

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Google, IBM, and Honeywell are investing heavily in research and development, including IBM's focus on quantum chip miniaturization and accuracy, and IBM plans to launch a 4,000-plus qubit machine by 2025. [5].

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IBM today updated its existing quantum computing roadmap, foreseeing a 4,000-plus qubit machine by 2025. Included in its plan is orchestration for more potent combinations of classical and quantum resources.

Such combinations, which comprise what may be called “quantum-centric supercomputing,” will place the new quantum crew more firmly in the world of high-performance computing, where technologists tackle some of humankind’s most pressing challenges.

IBM said it expects to deliver in 2023 software tooling that allows developers to run jobs that help them tap into both quantum and classical computing resources. IBM said it sees no letup in the steady advance of quantum scaling.

The company uses the term “Serverless Quantum” to describe an architecture that deploys infrastructure that assigns work to processors of either the classical or quantum variety.

“Serverless Quantum is part of getting the world ready for quantum-centric supercomputing,” according to Jerry Chow, IBM fellow and director of quantum infrastructure. He likened the effect to today’s elastic computing methods, “in the sense that you have computing resources on demand.”

Speaking with VentureBeat, Chow said the idea is that parts of problems can be handled by either classical CPUs, GPUs or non-classical QPUs, or quantum processing units. This is enabled by a common service layer that efficiently orchestrates, or arranges, workload assignments.

Better hardware and software methods for interchip communications is also important in this quantum quest, Chow indicated as he discussed future plans for quantum “circuit knitting.”

“That’s where you can take larger problems,” he said, “and find ways to break them down into small-order quantum circuits, and knit or take all the results and put them back together.”

The problems imagined are manifold, and some appear especially pressing.

Simulating nature with quantum systems, for example, is seen as a path to efficiencies that could drive substantial environmental, social and governance improvements.

Also, world governments are now seen in a race to succeed in quantum computing, as quantum systems could crack long standing cryptographic coding practices. Viewers suggest adversary governments are gathering encrypted data now, to process when quantum breakthroughs occur.

Sticking to their circuit knitting

IBM has indicated Serverless Quantum capabilities in its Qiskit Runtime software, including circuit knitting, will support distribution of parallelizable work in 2023. As well, improvements in error mitigation and suppression are expected to improve quality of quantum results, the company said. These are due for Qisket as part of the roadmap in 2024 and 2025.

The bird is the word when it comes to code names for IBM quantum processors. Last year, IBM released a 127-qubit Eagle processor to be followed this year by Osprey, a 433-qubit unit. An increasingly powerful flock of IBM qubit processors will follow. IBM’s roadmap anticipates: a 133-qubit Heron processor to appear in 2023; a 462-qubit Flamingo processor in 2024; and the 4,158-qubit Kookaburra device in 2025.

While Heron’s qubit count may look like a step back, it’s important to IBM’s overall plans to knit clusters of qubit processors together. That is vital to IBM’s assertions of continued scalability.

“What’s exciting about Heron is that it is defined in such a way that they’re going to be classically controllable [via] the same control hardware infrastructure. So what that means is effectively, we’re going to have quantum computing with classical communication and classical parallelization,” said Chow, who is expected to further detail IBM’s  quantum roadmap this week at the Inside Quantum Technology Conference 2022 in San Diego, Calif.

Quantum timelines

Timelines for quantum computing have been closely watched since qubits first emerged from the lab as part of physics experiments. A common joke holds that today, just as at the turn of the century, “quantum computing is five to ten years away.”

But IBM’s timelines for quantum computing have usually been realistic, according to Brian Hopkins, analyst, Forrester Research.

“IBM has the most detailed roadmap of any of the full stack quantum computing vendors I cover,” he told VentureBeat via email. “Furthermore, they are establishing credibility with the market by completing roadmap milestones per their plan.”

That gives Forrester’s Hopkins confidence in IBM’s 4,000-plus qubit projections, although he emphasizes that IBM is still refraining from any meaningful prediction on when its computers and software will be able to demonstrate advantage – in the form of a positive ROI — for any problem domain.

Hopkins goes on to say this is valuable, in that the company will have greater credibility when it does prove such an advantage.

“Even when we hit advantage for one problem area, it will still be many years before quantum computers are scalable and powerful enough to be applicable to the many areas where we see potential,” he said.

We love qubits – but….

Skepticism of quantum computing timelines is not likely to abate, but elements of IBM’s new timeline suggest the technology may be moving forward faster than some skeptics thought.

While “qubit counts” will get the headlines here and elsewhere, the technology advances that surround qubit research bear closer watching, as do hybrids that match classical and quantum computing to different parts of problems.

“We love qubits – but the exact number is not as important as [the fact] that we have defined the path for the technology to keep scaling,” said Chow.

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What are important areas in quantum research?

What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?