Archive for the ‘Quantum Computer’ Category

Quantum computing: How an expat Aussie-founded company convinced the government to invest $1b – The Australian Financial Review

Australias Chief Scientist Cathy Foley said the decision to invest $1 billion of taxpayer funds in PsiQuantum was made after assessments showed it was a country mile ahead in the global race to build a functioning quantum computer.

Dr Foley, who was the governments technical adviser on the investment, said that after initially fearing that PsiQuantums claims were dodgy back in 2022 the government had been convinced over a two-year assessment. This included an expression of interest process with other firms, that showed they were lagging their US-based rival.

View original post here:
Quantum computing: How an expat Aussie-founded company convinced the government to invest $1b - The Australian Financial Review

Tags:

Picking a winner in quantum is bold to say the least – The Australian Financial Review

Picking a winner and investing almost $1 billion of taxpayer money on something as iffy as building a quantum computer is a bold move.

As the federal government would have learnt when last year it bailed out its last quantum computer winner, Silicon Quantum Computing, nobody really knows whos even going to win the race to build a relatively modest commercially useful quantum computer, much less the vastly more powerful universal quantum computer everyone is hoping for.

View original post here:
Picking a winner in quantum is bold to say the least - The Australian Financial Review

Tags:

How Quantum Computers Could Illuminate the Full Range of Human Genetic Diversity – Singularity Hub

Genomics is revolutionizing medicine and science, but current approaches still struggle to capture the breadth of human genetic diversity. Pangenomes that incorporate many peoples DNA could be the answer, and a new project thinks quantum computers will be a key enabler.

When the Human Genome Project published its first reference genome in 2001, it was based on DNA from just a handful of humans. While less than one percent of our DNA varies from person to person, this can still leave important gaps and limit what we can learn from genomic analyses.

Thats why the concept of a pangenome has become increasingly popular. This refers to a collection of genomic sequences from many different people that have been merged to cover a much greater range of human genetic possibilities.

Assembling these pangenomes is tricky though, and their size and complexity make carrying out computational analyses on them daunting. Thats why the University of Cambridge, the Wellcome Sanger Institute, and the European Molecular Biology Laboratorys European Bioinformatics Institute have teamed up to see if quantum computers can help.

Weve only just scratched the surface of both quantum computing and pangenomics, David Holland of the Wellcome Sanger Institute said in a press release. So to bring these two worlds together is incredibly exciting. We dont know exactly whats coming, but we see great opportunities for major new advances.

Pangenomes could be crucial for discovering how different genetic variants impact human biology, or that of other species. The current reference genome is used as a guide to assemble genetic sequences, but due to the variability of human genomes there are often significant chunks of DNA that dont match up. A pangenome would capture a lot more of that diversity, making it easier to connect the dots and giving us a more complete view of possible human genomes.

Despite their power, pangenomes are difficult to work with. While the genome of a single person is just a linear sequence of genetic data, a pangenome is a complex network that tries to capture all the ways in which its constituent genomes do and dont overlap.

These so-called sequence graphs are challenging to construct and even more challenging to analyze. And it will require high levels of computational power and novel techniques to make use of the rich representation of human diversity contained within.

Thats where this new project sees quantum computers lending a hand. Relying on the quirks of quantum mechanics, they can tackle certain computational problems that are near impossible for classical computers.

While theres still considerable uncertainty about what kinds of calculations quantum computers will actually be able to run, many hope they will dramatically improve our ability to solve problems relating to complex systems with large numbers of variables. This new project is aimed at developing quantum algorithms that speed up both the production and analysis of pangenomes, though the researchers admit its early days.

Were starting from scratch because we dont even know yet how to represent a pangenome in a quantum computing environment, David Yuan from the European Bioinformatics Institute said in the press release. If you compare it to the first moon landings, this project is the equivalent of designing a rocket and training the astronauts.

The project has been awarded $3.5 million, which will be used to develop new algorithms and then test them on simulated quantum hardware using supercomputers. The researchers think the tools they develop could lead to significant breakthroughs in personalized medicine. They could also be applied to pangenomes of viruses and bacteria, improving our ability to track and manage disease outbreaks.

Given its exploratory nature and the difficulty of getting quantum computers to do anything practical, it could be some time before the project bears fruit. But if they succeed, the researchers could significantly expand our ability to make sense of the genes that shape our lives.

Image Credit:Gerd Altmann /Pixabay

Originally posted here:
How Quantum Computers Could Illuminate the Full Range of Human Genetic Diversity - Singularity Hub

Tags:

The mind-bending maths that could stop quantum hackers – The Hindu

The mind-bending maths that could stop quantum hackers  The Hindu

Read more:
The mind-bending maths that could stop quantum hackers - The Hindu

Tags:

PsiQuantum to Receive USD620M Investment from Australian Government – FinSMEs

PsiQuantum, a Palo Alto, CA-based provider of fault-tolerant quantum computing systems, is to receive $940M AUD ($620M USD) through a financial package, comprised of equity, grants, and loans from the Australian Commonwealth and Queensland Governments.

The company will build a utility-scale quantum computer at a strategically located site near Brisbane Airport in Brisbane, Australia. PsiQuantum is on an plan to have the site operational by the end of 2027. A fault-tolerant quantum computer will be able to solve commercially useful problems across industries built upon chemistry, math, and physics, thereby transforming critical industries including renewable energy, minerals and metals, healthcare and transportation.

Founded in 2015 and led by CEO Jeremy OBrien, PsiQuantum aims to build and deploy the worlds first useful, fault-tolerant quantum computing systems. Its photonic approach enables it to leverage high-volume semiconductor manufacturing and existing cryogenic infrastructure to rapidly scale its systems.

The company works with industry leaders from around the globe whose products and technologies are rooted in fundamental chemistry and science, such as the development of new drugs, more efficient renewable energy technologies including batteries and solar cells, and step-change improvements in processes to produce renewable energy sources such as green ammonia and green hydrogen.

Commenting on the news, Jeremy OBrien said: This platform will help solve todays impossible problems and will serve as tool to design the solutions we so desperately need to safeguard our future. Were thrilled to partner with the Australian and Queensland governments as our team at PsiQuantum takes a massive step forward in our mission to help deliver on the promise of quantum computing.

FinSMEs

30/04/2024

See more here:
PsiQuantum to Receive USD620M Investment from Australian Government - FinSMEs

Tags: