# Quantum Computing "Arms" Race: A Comprehensive Report

## Executive Summary

The global quantum computing landscape represents a high-stakes technological competition between nations and corporations, with significant investments being made to achieve quantum supremacy.

This report examines the leading players, investment patterns, and key developments in the quantum computing field.

## Leading Countries in Quantum Computing Development

### China
China has emerged as a major force in quantum computing, investing approximately $11 billion between 2019-2021.

The country has achieved notable milestones, including the development of Jiuzhang 2, a quantum computer claimed to be one million times more powerful than Google's quantum machine.

This supercomputer can solve complex problems in milliseconds that would take traditional supercomputers 30 trillion years to complete.

### European Union
The EU has committed $5 billion to quantum computing development, demonstrating its recognition of the technology's strategic importance for future digital dominance.

### United States
The US has invested $

# Quantum Computing "Arms" Race: A Comprehensive Report

## Executive Summary

The global quantum computing landscape represents a high-stakes technological competition between nations and corporations, with significant investments being made to achieve quantum supremacy.

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Content: embedded news week: podcast, new GPU, quantum IP, smart building IoT - Embedded.com

embedded news week: podcast, new GPU, quantum IP, smart building IoT

A roundup of this week’s embedded news includes embedded edge with Nitin podcast featuring a brand new GPU, quantum computing developments and IoT for smart buildings, plus usual product news including automotive, tools and software.

In our latest embedded edge with Nitin podcast, we have highlighted a new GPU, developments in quantum computing, and IoT for smart buildings. In the show, Andrew Girdler of Imagination Technologies told us about the company’s new flagship GPU that brings desktop-quality ray tracing to mobile for the first time and is industry’s first Level 4 RTLS ray tracing architecture. He said, “It’s the most advanced ray tracing architecture out there today, giving you the ability to enable advanced ray trace gaming effects, in a low power budget in a mobile phone device.” Listen to the full interview on the podcast.

I also spoke to two companies looking to help democratize quantum computing with the work they are doing. First, Bob Coecke of Cambridge Quantum took us into the background to the company’s launch of the world’s first toolkit and library for quantum natural language processing, which allows sentences to be converted into a quantum circuit. Then I spoke to Pauls Wells of sureCore, who’s leading a seven-member consortium that has received a UK£6.5 million government innovation grant to jointly develop advanced cryogenic semiconductor IP; this is intended to dramatically accelerate the growth of the quantum computing industry by reducing the constrains associated with interconnects thus enabling efficient qubit/system scaling.

Finally, the podcast features an interview with Bruno Johnson of Cascoda, who talks about his company’s module recently certified for the OCF running over Thread network protocol – this is said to be a true internet protocol-based connectivity solution that is extremely low power that provides IP connectivity right down to the end node and with the Open Connectivity Foundation secure PKI X 509 grade security for end-to-end encryption. This gives smart building and building automation “banking grade security” for IoT devices.

We’ve been attending various events in person over recent weeks, and next week you can catch us at the CW International Conference. The agenda for this year’s event is somewhat topical, especially given that we also had the COP26 global UN climate chance conference this week. The CW conference will consider the value of the wireless network within digital and circular economies, exploring innovations and ideas that maximize wireless’ potential to improve the future, including the reduction of wireless’ environmental impact.

News & Products

SensiML Corporation, a developer of AI tools for building intelligent IoT endpoints, has teamed with onsemi to deliver a complete machine learning solution for autonomous sensor data processing and predictive modeling. The collaboration combines SensiML’s analytics toolkit development software with the RSL10 sensor development kit from onsemi to create a platform for edge sensing applications such as industrial process control and monitoring. The ability to support AI functions in a small memory footprint along with advanced sensing and Bluetooth Low Energy connectivity enables sophisticated smart sensing without the need for cloud analytics of highly dynamic raw sensor data.

Allegro MicroSystems has expanded its automotive lighting portfolio to include two new offerings for advanced driver assistance system (ADAS) applications. The A80803 is a switch-mode, constant-current controller for high-power LED automotive lighting applications that addresses many common pain points for headlight designers to help bring advanced functionality to mainstream vehicles. The A80804 is Allegro’s first four-channel linear driver for high-power LEDs. In addition to targeted applications such as DRL/position and stop/taillights, it gives lighting designers increased design flexibility for popular features such as sequential turn signals, animation effects, and theater-style transitions.

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Tata Elxsi and Green Hills Software are working together on a driver monitoring system (DMS) platform that combines advanced DMS software (V.O.E.O.S.Y.S – vehicle operator environment observation system) and AUTOSAR adaptive from Tata Elxsi integrated with the safe and secure INTEGRITY real-time operating system (RTOS) from Green Hills Software, optimized to run on the latest families of automotive-grade microprocessors. This flexible and standards-based DMS platform enables OEMs and Tier 1 suppliers to reduce the time, cost, and complexity of developing and deploying their DMS-compliant ADAS systems while meeting mandatory global safety and security requirements.

Infineon Technologies has joined the FiRa Consortium as a contributor member to support the expansion of the UWB ecosystem. The company’s VP digital security & identity, Bjoern Scharfen, said “UWB has a great potential to enhance Infineon’s offering in security, connectivity and computing. With this, the technology fully supports our vision of linking the real and digital world.” With the acquisition of Cypress in 2020, Infineon said it acquired significant expertise in connectivity (Wi-Fi, Bluetooth) as well as in microcontrollers.

Wireless Telecom Group said that SmartSky Networks has selected the CommAgility high-performance telecommunications systems software and tools for its next-generation air-to-ground (ATG) network. Deployed in SmartSky’s inflight connectivity, CommAgility is providing a full protocol stack and physical layer (PHY) for SmartSky’s aircraft base radio (ABR), which is the user equipment (UE) on board the aircraft. The ABR connects to a ground base station and provides broadband inflight connectivity for the operational needs of the aircraft, passengers, and crew. SmartSky’s patented beamforming and spectrum re-use technologies have been tested and proven, and the network is now rolling out across the USA for aviation operators and passengers.

MicroAI has announced MicroAI Launchpad, a quick start development and deployment tool that helps organizations simplify and accelerate the design, development, testing, and deployment of smart systems that run embedded MicroAI software on MCUs and microprocessors (MPUs) in edge and endpoint devices. Launchpad makes it simple to handle customers with SIMs around the world and manage and reconfigure device profiles. A single pane of glass gives access to customizable dashboards for account creation, authentication, mobile SIM or LoRaWAN connectivity activation, credit card billing for global SIM connectivity, and onboarding of MicroAI’s embedded software libraries. Its embedded software, AtomML, enables OEMs to deploy personalized, edge-native AI models, without needing to develop static edge-AI models first in a cloud or laptop and then port them to the embedded device.

IAR Systems said that its latest version of IAR Embedded Workbench for Arm adds support for the Arm Cortex-M55 processor. In addition, version 9.20 of the toolchain includes support for the latest MCUs from several semiconductor vendors. The toolchain delivers optimization capabilities to assist developers in getting the most out of the performance of the MCU and yet stay as energy efficient as possible. To ensure code quality, code analysis tools are completely integrated with IAR Embedded Workbench.

Teledyne Test Tools has launched the T3DSO3000, a new series of premium economy oscilloscopes, which feature four channel models with analog bandwidth options from 200 MHz to 1 GHz. Each model offers a maximum sample rate of 5 GSa/s, and a maximum memory depth of 250 Mpts in half channel mode. All models incorporate two 5 GSa/s ADCs and two 250 Mpts memory modules. The oscilloscopes employ a new generation of high-speed display technology for excellent signal clarity, fidelity and performance. The series comes with a minimum vertical input range of 500 μV/div, an innovative digital trigger system with high sensitivity, low jitter, and a waveform capture rate of 500,000 waveforms/sec (sequence mode).

Kontron has launched the 3.5-inch SBC-R39, a compact 3.5-inch single-board computer suitable for integration into (open source) embedded systems in entertainment, digital signage, facial recognition, smart retail, smart classroom, smart office and industrial applications. The 3.5-inch SBC-R39 is built on a Rockchip RK3399(K) processor with ARM big.LITTLE microarchitecture. This includes two processors embedded in a single, fully integrated silicon chip. The LITTLE cluster consists of a quad-core Cortex A53 processor, which is typically used to perform routine tasks at low power consumption. The large cluster is a dual-core Cortex-A72 processor, which handles compute-intensive high-performance tasks. This architecture enables the SBC-R39 to dynamically assign tasks to the respective processor according to the performance requirement.

People and Funding

Velodyne Lidar announced the appointment of Theodore “Ted” L. Tewksbury, Ph.D. as chief executive officer, who joins after serving as CEO of Eta Compute. Prior to Eta Compute, Tewksbury, a technology executive with over 30 years’ leadership experience across public and private companies, held several chief executive and board positions, including Entropic Communications and Integrated Device Technology. He is an accomplished engineer, with a Ph.D. in electrical engineering from MIT. He has held a variety of engineering and management positions in his career, including introducing over 180 innovative new product families during his time at Maxim Integrated Products.

Events

The CW International Conference (CWIC), one of the key annual events for the wireless industry in the U.K., is back both as a physical live event at IWM Duxford, Europe’s largest air museum, as well being available online. Taking place on 9th November 2021, this year’s theme considers the value of the wireless network within digital and circular economies, exploring innovations and ideas that maximise wireless’ potential to improve the future. Full agenda and details are here.

Nvidia GTC takes place online from 8-11 November 2021, which will include a live-streamed keynote by Jensen Huang, plus talks from AI research and industry leaders on deep learning, data science, high-performance computing, robotics, data center/networking and graphics. Speakers include Fei-Fei Li, professor of computer science, Stanford University, Lindsay Edwards, responsible for AI at in respiratory and immunology, AstraZeneca, and Kay Firth-Butterfield, head of AI and ML, World Economic Forum. Details here.

The 58th DAC (Design Automation Conference) is takes place both physically in San Francisco and virtually between 5-10 December 2021. Keynote speakers include Jeff Dean of Google Research and Google Health, Bill Dally of Nvidia, and Missy Cummings of Duke University. For the first, DAC attendees will also have access to SEMICON West and the RISC-V Summit. Details here.

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Content: California quantum computing firm joining Albany Nanotech

Developing the next generation of computer chips

ALBANY — A California quantum computing firm called Bleximo Corp. announced plans this week to set up satellite operations at the state's Albany Nanotech complex.

Quantum computing involves next-generation computer hardware, computer chips and software designed to significantly outperform today's fastest computers using new technologies.

At the core of the concept is what is known as a qubit, or quantum bit.

Today's computers store data and process information using traditional "bits" of information that have just two states — either on or off, symbolized by either a "1" or a "0," that are strung together to perform tasks. The information is processed using electrons flowing through a system of billions of transistors etched into computer chips.

Quantum computing seeks to use new materials to create new bits that can be more than just binary. They can be a "1" or a "0." And they can also be both at the same time, or something in between, essentially giving the computer a new language to store data and perform tasks. If perfected, quantum computers will become much faster and more powerful than even today's fastest supercomputers.

Bleximo is one of the companies trying to make breakthroughs in this emerging area of computing that large companies like IBM, GlobalFoundries and Intel are already working on.

In order to create the qubits of information, companies have been testing a variety of technologies, including the use of photons, or light, on chips that have superconducting properties, which require extremely low temperatures.

Bleximo is based in Berkeley but will set up an office at Albany Nanotech where it can work on system designs and prototyping as well as marketing, the company said. It will also set up a research program with NY CREATES, the state-run umbrella organization that oversees the Albany Nanotech complex and its tenants, which include IBM and others.

Alexei Marchenkov, CEO of Bleximo, said the Albany Nanotech complex will allow it to rapidly develop its superconducting photonic chip systems.

“NY CREATES’ technical capabilities as well as a track record of successfully supporting technology commercialization efforts, make it a unique hub for Bleximo’s aggressive development and commercialization schedule of its next-generation quantum computing systems," Marchenkov said.

David Anderson, president of NY CREATES, said Albany Nanotech's "world-class facilities" and partnerships will speed up that development.

"Quantum technologies are already enabling many of today’s most important innovations and advances in computing, semiconductors, microelectronics and numerous other industries."

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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.

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Content: Cloud-based Quantum Computing Market projected to reach USD 6,289.8 Million by 2030, growing at a CAGR of 35.5% during the forecast period of 2023-2030 - says MarketDigits in its latest study

The Global Cloud-based Quantum Computing Market was valued USD 750 Million in 2023 and projected to reach USD 6,289.8 Million by 2030, growing at a CAGR of 35.5% during the forecast period of 2023-2030

Richmond, Jan. 02, 2024 (GLOBE NEWSWIRE) -- According to a research report "Cloud-based Quantum Computing Market, by Offering (Service, Software), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits, Other Technologies, Others), Application (Encryption, Optimization, Sampling, Simulation), Industry Vertical (BFSI, Healthcare and Pharmaceuticals, Aerospace and Defense, Research and Academia, Manufacturing, Transportation and Logistics, Others), and Region - Global Forecast to 2030.

Global Cloud-based Quantum Computing Market Report Scope:

Report Details
Market size value in 2023 USD 750 Million
Market size value in 2030 USD 6,289.8 Million
CAGR (2023-2030) 35.5%
Forecast Period 2023–2030
Historic Data 2019
Forecast Units Value (USD Million/USD Billion)
Segments Covered Offering, Technology, Application, End User and Region
Geographies Covered North America, Europe, Asia Pacific, and RoW

  • Accenture

  • AWS (Amazon Web Services)
Sample of Companies Covered
  • Baidu

  • Cambridge Quantum Computing

  • D-Wave Quantum Inc.

Download the Sample - https://www.marketdigits.com/request/sample/1108

TOC Covers in Depth & Breath on Cloud-based Quantum Computing Market
170 - Market Data Tables
65 - List of Figures
225 – Pages

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.

Market Overview

Cloud-based quantum computing enables remote access to quantum processors and algorithms, revolutionizing computation for diverse applications via online platforms. The cloud-based quantum computing market is experiencing unprecedented growth as organizations seek to harness the immense computational power of quantum processors through convenient and scalable cloud services. This market evolution marks a paradigm shift in computing capabilities, with leading tech companies investing heavily in quantum research and development. Quantum computing leverages the principles of superposition and entanglement to perform complex calculations at speeds unattainable by classical computers. Cloud-based offerings democratize access to quantum resources, allowing businesses to explore and experiment without the need for extensive on-premises infrastructure. As a result, a diverse range of industries, including finance, healthcare, and logistics, are exploring quantum solutions for optimization, simulation, and machine learning applications. The market's trajectory is driven by a convergence of technological advancements, increased investments, and a growing ecosystem of quantum developers and users, positioning cloud-based quantum computing as a transformative force in the future of information processing.

Major Vendors In The Global Cloud-Based Quantum Computing Market:

  • Accenture
  • Amazon Web Services (AWS)
  • Baidu
  • Cambridge Quantum Computing
  • D-Wave Quantum Inc.
  • D-Wave Systems
  • Fujitsu
  • Google
  • Honeywell
  • Huawei Technologies Co.
  • IBM
  • 1QBIT
  • Microsoft
  • QC Ware
  • Riverlane
  • Rigetti Computing
  • T-Systems International GmbH
  • Zapata Computing

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Increasing demand for advanced computational capabilities

The escalating demand for advanced computational capabilities stands as a pivotal driver propelling the cloud-based quantum computing market into prominence. As traditional computing architectures face limitations in solving complex problems, organizations across various sectors are turning to quantum computing to address challenges that were once deemed insurmountable. Cloud-based quantum computing offers a scalable and accessible solution, allowing businesses to harness the extraordinary processing power of quantum processors without the need for significant on-premises infrastructure investments. This surge in demand is fueled by the recognition that quantum algorithms have the potential to outperform classical counterparts in areas such as optimization, cryptography, and machine learning. The advent of cloud-based services democratizes access to quantum resources, empowering a diverse range of industries to explore novel solutions and stay at the forefront of technological innovation in the pursuit of solving complex problems more efficiently and effectively.

Market Dynamics

Drivers:

  • Increasing demand for advanced computational capabilities
  • Growing demand for faster data operations, secure data transfer, and communications

Opportunities:

  • Recent advances in cloud-based quantum computing
  • Growing adoption of quantum computing solutions across several verticals

Recent advances in cloud-based quantum computing

Recent advances in cloud-based quantum computing present a significant opportunity for the quantum computing market, opening new frontiers in computation and problem-solving. The integration of cutting-edge technologies into cloud services has enhanced the accessibility and usability of quantum computing resources. Cloud providers are actively investing in infrastructure, algorithms, and developer tools, making quantum computing capabilities more user-friendly and scalable. This progress is fostering a conducive environment for experimentation and innovation, attracting a broader spectrum of users from diverse industries. As cloud-based quantum computing platforms evolve, they offer businesses the chance to explore and harness the potential of quantum algorithms without the need for substantial in-house expertise or infrastructure. This opportunity not only accelerates the adoption of quantum technologies but also democratizes access, empowering organizations to leverage the transformative power of quantum computing to solve complex problems and gain a competitive edge in the rapidly advancing digital landscape.

The market for Cloud-based Quantum Computing is dominated by North America.

North America stands as the dominant force in the Cloud-based Quantum Computing market, with the United States and Canada playing pivotal roles. The region's leadership is attributed to the robust presence of major quantum computing players, significant research and development initiatives, and a burgeoning tech ecosystem. In the United States, companies like IBM, Google, and Rigetti Computing have spearheaded quantum advancements, while Canada boasts prominent players like D-Wave. The strategic collaboration between academia, government, and industry in North America has positioned the region as a global hub for quantum computing innovation, solidifying its preeminence in driving the growth and development of cloud-based quantum computing solutions.

The research and academia Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on Industry Vertical the Cloud-based Quantum Computing Market is segmented into BFSI, Healthcare and Pharmaceuticals, Aerospace and Defense, Research and Academia, Manufacturing, Transportation and Logistics, Others. The research and academia segment is poised to maintain its dominance, holding the largest market size in the Cloud-based Quantum Computing sector throughout the forecast period. This prominence can be attributed to the active involvement of research institutions and academic entities in advancing quantum technologies. These stakeholders play a crucial role in driving innovation, developing quantum algorithms, and educating the workforce. Cloud-based platforms offer an accessible environment for researchers and students to experiment with quantum computing, fostering collaboration and knowledge exchange. As a result, the research and academia segment continues to lead, shaping the trajectory of Cloud-based Quantum Computing's market growth.

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Content: NewsCovering Colorado

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Colorado leads the world in quantum tech. Now its potential is growing.

"If we want to live in the Jetsons Age, we've got to get this right," says regional innovation officer with Elevate Quantum
Posted at 10:08 AM, Jul 09, 2024

BROOMFIELD, Colo. — In an unassuming brick building in northern Colorado’s City of Broomfield, a new technology is harnessing the power of the very smallest particles and waves to solve our biggest problems.

On small golden chips, tiny particles known as “quantum bits” or “qubits” are trapped above the surface. Lasers and voltages move those qubits around, powering the computer of the future.

What will it mean?

“Faster discovery,” said Dr. Jenni Strabley who works with Quantinuum, the world’s biggest integrated quantum computing company.

Colorado already leads the world when it comes to quantum technology. Now, new investments in the Mountain West’s quantum tech hub are expanding its potential to transform everything from our health to our national security.

"If we want to live in the Jetsons Age, we’ve got to get this right,” said Zachary Yerushalmi, chief executive and regional innovation officer for Elevate Quantum.

"The quantum community in Colorado has a gravity around it really unlike anywhere else on the planet," Yerushalmi said. "We have more organizations, more jobs, more Nobel Prizes than any other."

But to take these innovations to the next level, Yerushalmi said collaboration is key.

Local

Quantum computer technology growing in Colorado

Amy Wadas
5:26 AM, Oct 12, 2022

Elevate Quantum is the largest regional consortium of researchers and companies working together on quantum technology in the United States. And it’s set to keep growing. The Biden Administration recognized Elevate Quantum as a designated Tech Hub late last year, and the federal government will soon invest $40.5 million in funding through the Economic Development Administration.

On top of that, Colorado is investing $74 million in state support, including $44 million in refundable tax credits to help pay for a shared quantum research facility and $30 million to help smaller Colorado quantum companies access capital through a loan loss reserve.

Colorado Gov. Jared Polis expects these investments in quantum technology to create more than 10,000 jobs and $1 billion in economic impact statewide.

But what does quantum tech mean for the average person?

“Quantum has been shaping our lives for a while, on an everyday basis,” Yerushalmi said.

The atomic clock makes our internet connection and GPS systems possible.

With emerging quantum tech, “literally any scientific promise that people think of” is within reach, he said.

Quantum has the potential to help us cure diseases like cancer and Alzheimer’s, to create batteries that last an incredibly long time without needing to charge, to take artificial intelligence to the next level and even to upend our cybersecurity abilities.

"Us having these capabilities first is fundamental to national security,” Yerushalmi said.

“The job is to stay on top,” he said, by staying together.

“Looking at history, that's how it's been done. Whether it be the Manhattan Project, whether it be the Apollo Project. It was seen as, ‘Look, guys, we just got to make it happen.’ So that's what we're doing,” Yerushalmi said.

Quantinuum is one of the companies joining this collaboration.

“This is a difficult technology to develop,” said Quantinuum’s Dr. Strabley.

Quantum computers are expensive to fabricate and take skilled workers to operate, which is why the new investments will focus on making tech many researchers can share and training Coloradans who can fill these jobs.

Dr. Strabley said Quantinuum already shares its quantum computers’ capabilities by solving complex problems for clients.

You can think of scientific questions as a maze. A classic computer operates a lot like us — it will look at the maze and take one path, then another, trying out every possible path until it solves the problem. But a quantum computer is so powerful, it can basically solve the whole maze all at once.

As the technology advances, Dr. Strabley said it will become faster and less energy-intensive to solve problems, including ones a classic computer can’t handle at all.

She said almost all discoveries start with simulations or models. Since quantum computing will eventually be able to model things very quickly, new discoveries will come faster and faster.

“Maybe it's chemistry, maybe it's machine learning, maybe it's AI,” she said.

Dr. Brian Neyenhuis, another scientist at Quantinuum leading the team that operates their commercial quantum computers, said “day to day, there's a lot of things going on here in Colorado.”

In the control room, an array of screens help Dr. Neyenhuis and his team constantly monitor how their quantum computers are doing, so they can regulate everything from the temperature in the room to the lasers shining on the chips to manipulate the “qubits.”

For now, the computers fill a large room next door. The quantum chips are placed at the center of tables, surrounded by wires and hidden behind thick black curtains meant to protect scientists’ eyes from blinding laser beams. Someday, the technology might shrink down in size and grow in capability — a lot like the computers we now hold in the palm of our hands.

"I've been dreaming about this stuff since I took my first physics classes in college, to be able to just take an individual atom and manipulate it. It's such a clean system,” Dr. Neyenhuis said. “That's quite beautiful.”

Colorado leads the world in quantum tech. Now its potential is growing.

Reflecting On 30 Years Of Service

Bob Chastain has spent the last 3 decades of his career at the Cheyenne Mountain Zoo in Colorado Springs. He's quick to tell you a story about each animal, most of them orphans, and how they got here.

Bob Chastain: 30 years of change at the Cheyenne Mountain Zoo

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The Silent Quantum Threat To Web3 Cyber Resilience

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If you are worried about DeFi’s war with cyber-hackers and the cyber-marauders at the gates of Web3, take a deep breath. Quantum computing is coming and could render today’s digital cryptography used in DeFi and Web3 useless.

The emerging generation of quantum computers currently under development will have the potential to hack Web3, very quickly. The cybersecurity and financial consequences of this could be unprecedented. The solutions are not straightforward and forthcoming and require complex work and most importantly, community consensus.

The Next Generation Of Computing - Quantum

Quantum computing is the next generation of computing machines and techniques that are very different from current computers, known in the jargon as classical computers. Quantum computers are more powerful for certain calculations. This means that calculations that would take thousands of years on today’s supercomputers are accomplished instantly by quantum ones.

Amongst these calculations are very useful applications like simulating drugs and their effect in organisms over time avoiding lab tests, financial forecasting and better predicting market behaviors to better avoid crisis, and many innovations across business and society.

Nevertheless, the most attractive application to cyber-criminals and the most concerning to society, is the capacity of these computers to hack the current cryptography of the Internet, telecommunications, and blockchain networks, jeopardizing our Web3 identities, digital assets, and their stores of value.

What Makes Quantum Computers So Different And Powerful?

Today’s classical computers are binary because their basic units of information are bits which can be either in a 0 or 1 value. The equivalent in quantum computing is quantum bits, or qubits, a basic unit of information. Qubits leverage two phenomena from quantum physics: entanglement, and superposition, and are used to do parallel computing exponentially faster than a classical binary computer.

For calculations that can be modelled, 50 computations on a quantum computer could achieve a result that would require a staggeringly large number of computations, 1,125,899,906,842,624 on any of today’s computers and at a millennium’s pace (N2^N=2^50) for all of you math enthusiasts.

Web3 is an emerging concept that assembles different constituent technologies, protocols, and principles. One of these principles is the use of RDF, OWL, XLM and other languages and protocols to enable a machine-readable web suitable for AI, which was defined as the “Semantic Web” over two decades ago by Tim Berners-Lee, the Web’s founding father.

A big constituent of Web3 is the use of blockchain technology for decentralized and trusted peer-to-peer interactions and value exchanges. Digital wallets as personal, private, and portable key, data, and asset management tools are a key constituent to using the blockchain. Different combinations of these technologies, protocols, and principles are being used by a new generation of applications and platforms, which together are the main constituents to Web3.

Among the most popular use cases emerging in the world of Web3 commerce are cryptocurrencies, stablecoins, DeFi, DAO’s, and NFT’s. Soon we will be using different forms of tokenized money including central bank digital currencies (CBDCs), and we will be trading and investing in tokenized real-world assets like real estate, gold, and automobiles in real time – amongst all sorts of other things – everything that can be tokenized will be tokenized in Web3.

We will be able to own and present ourselves from our digital wallets with our “digital ID”, driver’s license, health records and certificates, and diplomas which will be verifiable against secure blockchain networks. Many Web3 applications use blockchain networks as an additional layer of the Internet protocol, something which Berners-Lee is less enthusiastic about.

Blockchain networks allow for cryptographic proofs of off-chain data and information, like real estate, to be immutably recorded and universally verifiable, making use cases compelling for government and business registries. Blockchain technology also allows for assets and value to be represented by on-chain tokens so they can be traded against each other or against any form or tokenized money eliminating any post-trade settlement and clearing process.

Blockchain Technology – The Weakest Link With Quantum Computing?

As appealing as it all sounds, blockchain networks are today possibly the most vulnerable technology to attacks by quantum computers. In 2016, the National Institute for Standards in Technology (NIST) and the National Security Agency (NSA) began to warn about the seriousness of the quantum threat.

NIST warns, “If large-scale quantum computers are ever built, they will be able to break many of the public-key cryptosystems currently in use.”

“A sufficiently large quantum computer, if built, would be capable of undermining all widely-deployed public key algorithms used for key establishment and digital signatures,” echoes the NSA.

Public-key cryptosystems and algorithms referred to by NIST and NSA are essentially the mechanisms that we use to encrypt our telecommunications over the phone or the Internet and to control our assets in blockchain networks.

In simple terms, when we send any communication over the Internet such as an email, a transaction from our wallet to a node, or a communication between nodes, we are encrypting the information with the recipient’s public key so the recipient can decrypt it with their private key. Similarly, when we send a transaction to a blockchain we sign it with our private key, so we can for instance, prove that we are the owner of certain amount of bitcoin we want to transfer.

Marcos Allende Lopez, CTO of LACNet, says, “What NIST and NSA warnings reflect is that quantum computers can discover any of those private keys from our public keys. Most prominent blockchain networks, such as Bitcoin or Ethereum, rely on an Elliptic Curve public-key algorithm. This algorithm, as well as others such as RSA and Discrete Logarithm frequently used to encrypt communications over the Internet, are already proven to be breakable by quantum computers.

Allende is a quantum physicist who leads the technical work in blockchain, Web3, and quantum technologies at the Inter-American Development Bank and has designed and piloted an implementation of a quantum-resistant blockchain. Addressing the delegates and the Necker Blockchain Summit this summer, Allende warned, “If quantum hacking has not happened already is only because quantum computers are not large enough yet.”

In 2013, Vitalik Buterin, the founder of Ethereum, pitched, “If you have bitcoins in an address you never use they are safe, otherwise, anyone can steal them.”

This happens when someone makes a transaction, and their public key is exposed to the entire network. However, in July at the Eth 2.0 conference, Butterin admitted that, not only is there not a plan or roadmap for Ethereum to become quantum-resistant, but that the solution is not even know yet and the problem is being postponed to solve more urgent matters such as scalability, interoperability, or costs until quantum computers are ready.

The New Quantum Digital Space Race

Since 2000, private and public entities have competed in a race to develop quantum computers that could scale. At present, IBM leads the race with 127 qubits, however, the number of qubits for breaking current cryptography and being relevant for other disruptive applications is estimated to be in the order of thousands, and at least between 1,000 and 3,000, or more.

Current implementations do not achieve “error correction”, meaning that errors are propagated without the control that is necessary to scale, however, many experts predict quantum computing at scale is just around the corner.

China has invested as much as $11 billion in quantum between 2019 and 2021 followed by $5 billion by the E.U. and $3 billion by the U.S. Every global superpower understands that this may be the next most valuable technology on the road to digital dominance.

The truth is that the quantum threat is in general not well understood in the Web3 world, and the solutions are very complex to implement. Replacing current cryptographic algorithms with one of the new quantum-resistant public-key algorithms that NIST has recently standardized in July 2022 would be almost impossible.

Alternatively, adding a quantum-resistant signature into every transaction might be more feasible but requires consensus, is technically difficult to implement, and could have very negative consequences such as reducing processing throughput, considerably.

“As difficult as it might seem, the time to act is now. By using blockchain technology we are already exposed to the hack today, crack tomorrow practice,” asserts Allende in an industry call to action.

Being realistic, are we really expecting those that achieve building large quantum computers to disclose their projects and users? A strategist might posit that cyber-criminals will silently use quantum computing to strategically hack communications and assets without being noticed as a quantum computer. It is not an enigma to find out cases when this has happened in the past.

As devotees of the Netflix series Game of Thrones know, “winter is coming.” When is the right time to start making Web3 quantum cyber-resilient if not now? An ounce of prevention is worth a pound of cure.

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This report examines the leading players, investment patterns, and key developments in the quantum computing field.

Title:

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

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

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

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

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

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

Underrated Quantum Computing Stock

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

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

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

IONQ Fundamentals

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

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

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

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

What Now

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

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

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

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

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

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

©2023 InvestorPlace Media, LLC

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Jefferies Initiates IBM With Buy Rating - Read Why

October 1, 2021 7:47 am
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  • Jefferies analyst Kyle McNealy initiated coverage of International Business Machines Corp (NYSE:IBM) with a Buy rating and $170 price target, implying a 22.5% upside.
  • McNealy notes that IBM is at "convergence of many favorable high-growth industry trends" in enterprise technology, with exposures to software, cloud services, security, data, and artificial intelligence.
  • McNealy says IBM's 2019 acquisition of Red Hat and planned year-end spin of Kyndryl are a "necessary push in the right direction."
  • He believes the Street underappreciates the company's growth prospects.
  • Price Action: IBM shares traded higher by 0.77% at $140 in the premarket session on the last check Friday.

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## Leading Countries in Quantum Computing Development

### China
China has emerged as a major force in quantum computing, investing approximately $11 billion between 2019-2021.

What countries and blocs are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

The country has achieved notable milestones, including the development of Jiuzhang 2, a quantum computer claimed to be one million times more powerful than Google's quantum machine.

Title:

Content: China unveils fastest quantum computer in history
Spread the love
China ’ s new quantum computer is a million times more powerful than Google ’ s machine.
It may be the fastest in the world.
Competition between Washington and Beijing in the field of quantum technologies is growing.
Physicists in China claim to have built a quantum computer whose speed and performance exceeds the American counterpart of Google.
The article is published by the peer-reviewed journals Physical Review Letters and Science Bulletin.
A supercomputer called Jiuzhang 2 can solve in one millisecond a task that the fastest conventional machine would take 30 trillion years to complete.
Also, scientists told about the Zuchongzhi 2 - this is an improved version of the previous machine, it was built three months ago.
Pan Jianwei, lead author of the new study, said that Zuchongzhi 2, a programmable superconducting quantum computer with 66 qubits, is 10 million times faster than Google ’ s 55-qubit Sycamore.
At the same time, the Jiuzhang 2 has fewer applications, but it can work at an incredible speed - 100 sextillion times faster than ordinary computers.
But while the characteristics of these new machines hint at a computational revolution, they won ’ t hit the market anytime soon.
So far, both computers can only work in a special environment and only for hyper-specific tasks.
And, even with extreme caution, they still make a lot of mistakes.
Chinese scientists said they plan to fix the situation in the next 4-5 years.

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

What seminal quantum computers/ processors have been developed?

This supercomputer can solve complex problems in milliseconds that would take traditional supercomputers 30 trillion years to complete.

What advantages do quantum computers have over conventional computers?

extremely complex calculations
extremely fast calculations

What advantages do quantum computers have over conventional computers?

extremely complex calculations
extremely fast calculations

### European Union
The EU has committed $5 billion to quantum computing development, demonstrating its recognition of the technology's strategic importance for future digital dominance.

What countries and blocs are leading in developing quantum computing?

### United States
The US has invested $

What countries and blocs are leading in developing quantum computing?