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Gillian Tan(Bloomberg) --IonQ is in advanced talks to merge with blank-check company DMY Technology Group Inc. III, according to people with knowledge of the matter, creating one of the first public quantum-computing firms.

The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks, said one of the people, who asked not to be identified because the matter is private. Silver Lake, MSD Partners, Bill Gatess Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a so-called strategic private investment in public equity, or PIPE.

Related: Data Center Provider Cyxtera to Go Public Via $3.4B Starboard SPAC Deal

Shares of the SPAC surged 15% at 10:24 a.m. in New York.

DMY Technology is discussing raising additional equity from institutional investors, and new equity from strategic and institutional investors is set to total around $300 million, one of the people said. Existing IonQ investors are expected to roll their equity into the transaction, according to one of the people.

Related: Quantum Teleportation Makes Progress, But Toward What?

As with any deal that hasnt been finalized, its possible terms change or talks fall apart. Representatives for IonQ and DMY declined to comment, as did spokesmen for Silver Lake and MSD Partners. Representatives of Hyundai and Breakthrough Energy Ventures didnt immediately respond to requests for comment.

The SPAC, led by Chairman Harry You and Chief Executive Officer Niccolo De Masi, raised $300 million in November and said at the time it would pursue a target in consumer technology.

College Park, Maryland-based IonQ was founded in 2015 by Chris Monroe and Jungsang Kim and is led by CEO Peter Chapman. Its investors include AmazonWebServices, Samsung Catalyst Fund, GV (formerly known as Google Ventures), NEA, Lockheed Martin Corp., Airbus Ventures and Robert Bosch Venture Capital GmbH. IonQ in October unveiled what it describes as the worlds most powerful quantum computer.

Quantum has long been touted as the next frontier in technology. Such computers would be capable of simulating and understanding phenomena in the natural world instantly and providing the basis for systems that are unhackable. Intel Corp. and Microsoft Corp., among other companies, are also working to advance quantum computing. The technology also has potential implications for producing new materials or creating new drugs.

Excerpt from:
Quantum Computing Startup IonQ in Talks to Go Public Through Merger with DMY SPAC - Data Center Knowledge

IBM announced that bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. IBM Quantum is an industry-first initiative to build universal quantum systems for business and science applications.

By joining the IBM Quantum Network as an Industry Partner, bp will have access to IBMs quantum expertise and software and cloud-based access to the most advanced quantum computers available via the cloud. This includes access to a premium 65-qubit quantum computer, the largest universal quantum system available to industry today, and an important milestone on the IBM Quantum roadmap to a 1,000-plus qubit system (IBM Quantum Condor), targeted for the end of 2023.

ExxonMobil and Daimler are also IBM Quantum Network Industry Partners.

bp will work with IBM to explore using quantum computing to solve business and engineering challenges and explore the potential applications for driving efficiencies and reducing carbon emissions.

bps ambition is to become a net zero company by 2050 or sooner and help the world get to net zero. Next-generation computing capabilities such as quantum computing will assist in solving the science and engineering challenges we will face, enabling us to reimagine energy and design new lower carbon products.

Morag Watson, senior vice president, digital science and engineering for bp

Quantum computing has the potential to be applied in areas such as: modeling the chemistry and build-up of various types of clay in hydrocarbon wellsa crucial factor in efficient hydrocarbon production; analyzing and managing the fluid dynamics of wind farms; optimizing autonomous robotic facility inspection; and helping create opportunities not yet imagined to deliver the clean energy the world wants and needs.

In 2020, bp announced its net zero ambition and its new strategy. By the end of this decade, it aims to have developed around 50 gigawatts of net renewable-generating capacity (a 20-fold increase), increased annual low carbon investment 10-fold to around $5 billion and cut its oil and gas production by 40%.

Joining the IBM Quantum Network will enhance bps ability to leverage quantum advances and applications as they emerge and then influence on how those breakthroughs can be applied to its industry and the energy transition.

bp joins a rapidly growing number of clients working with IBM to explore quantum computing to help accelerate the discovery of solutions to some of todays biggest challenges. The energy industry is ripe with opportunities to see value from the use of quantum computing through the discovery of new materials designed to improve the generation, transfer, and storage of energy.

Dario Gil, Senior Vice President and Director of IBM Research

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bp joins the IBM Quantum Network to advance use of quantum computing in energy - Green Car Congress

The IBM-HBCU Quantum Center is a research network and a hands-on learning program.

The IBM-HBCU Quantum Center announced on Monday that it is adding 10 historically Black colleges and universities to the center's 13 founding institutions. The center was launched last fall with the goal of advancing quantum information science and expanding science and technology opportunities to a broader group of students.

Kayla Lee, PhD, growth product manager for community partnerships at IBM Quantum and Qiskit, said she anticipates that new career paths such as quantum developer will become more defined as the field continues to evolve over the next few years.

"I hope that the IBM-HBCU Quantum Center accomplishes two things: inspires people to consider careers in quantum computing and provides additional support for students and faculty as they explore various research topics in quantum computing," she said. "I hope that our students participating in the center are more than equipped to thrive in this emerging industry."

The new schools joining the center are:

This multiyear investment connects researchers and students across a network of HBCUs. The program provides schools with access to IBM quantum computers via the cloud, educational support for students learning to use the Qiskit open source software development framework, and funding for undergraduate and graduate research.

SEE:Quantum computing: A cheat sheet(TechRepublic)

One of the initiative's goals is to create a more diverse quantum-ready workforce from students across multiple disciplines including physics, chemistry, computer science and business.

Researchers from the HBCUs are also on center's board, including Howard University associate professor of physics Thomas Searles; Serena Eley, an assistant professor of physics at the Colorado School of Mines and head of the Eley Quantum Materials Group; and Anderson Sunda-Meya, an associate professor of physics at Xavier University of Louisiana.

Since opening last fall, the center has hosted a community hack-a-thon and contributed to a pre-print on arXiv that investigates the use of machine learning and quantum computing to better understand unknown quantum systems. arXiv is a free distribution service and an open-access archive for scholarly articles in the fields of physics, mathematics, computer science, quantitative biology, quantitative finance, statistics, electrical engineering and systems science, and economics.

IBM is measuring the impact of the center by tracking student engagement, talent and workforce development and research capacity. The center also plans to look for ways to support professors and students map out career plans that have a long-term impact on quantum computing.

SEE: To do in 2021: Get up to speed with quantum computing 101 (TechRepublic)

JPMorgan Chase also is building a pipeline of people with quantum computing experience. The banking company was one of the early customers for IBM's quantum computer and is planning a Quantum Computing Summer Associates program for 2021.

The quantum industry is supporting several initiatives to expand educational opportunities. The European Organization for Nuclear Research recently offered a series of free webinars about quantum computing. The course covers the basic concepts of the quantum circuit model, including qubits, gates, and measures, as well as quantum algorithms and protocols. Q-CTRL recently hired quantum physics professor Chris Ferrie as a quantum education adviser. Q-CTRL specializes in controls for quantum computing.

This is your go-to resource for XaaS, AWS, Microsoft Azure, Google Cloud Platform, cloud engineering jobs, and cloud security news and tips. Delivered Mondays

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IBM adds 10 historically Black colleges and universities to quantum computing center - TechRepublic

PUNE, India, Feb. 24, 2021 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Cryogen Free Dilution Refrigerators Marketby Types (Base Temperature Less Than 10 mK, Base Temperature Between 10 - 20 mK, Base Temperature between 21 - 80 mK, and Base Temperature Above 80 mK), Applications (Nano Research, Quantum Computing, Low Temperature Detection, and Others) and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027", the market was valued at USD 112.1 Million in 2019 and is anticipated to expand at a CAGR of 9.1% between 2020 and 2027. On the basis of volume, global cryogen free dilution refrigerators market is anticipated to expand at a CAGR of 8.1% during the forecast period. Rise in the investment in R&D for developing quantum computing applications and quantum computer is expected to increases the demand for cryogen free dilution refrigerators.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Download PDF Sample here:https://growthmarketreports.com/request-sample/207

This report also includes a complete analysis of industry players that cover their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.

Highlights on the segments of the Cryogen Free Dilution Refrigerators Market

The global cryogen free dilution refrigerators market is segmented into types, applications, and regions.

On the basis of types,the market has been divided into base temperature less than 10 mK, base temperature between 10 - 20 mK, base temperature between 21 - 80 mK, and base temperature above 80 mK.

In terms of applications,the global cryogen free dilution refrigerators market has classified as nano research, quantum computing, low temperature detection, and others.

By region,cryogen free dilution refrigerators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). The European region is further categorized into Germany, France, U.K., Spain, Russia, and Rest of Europe, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

To Buy the Complete Report: https://growthmarketreports.com/report/cryogen-free-dilution-refrigerators-market-global-industry-analysis

Cryogen free dilution refrigerators have become one of the integral and dominant components in the technological world owing to their effectiveness in cooling technical parts for relevant research fields. In the last few years, the use of cryogen free dilution refrigerators has been useful in various scientific quantum computers around the world, as it helps detect the behaviour and nature of energy and matter at the quantum level. Cryogen free dilution refrigerators use Helium-4 and Helium-3 isotopes in the place of liquid helium and liquid nitrogen for continuous & excessive cooling.

Key Takeaways from the Study:

Read 187 Pages Research Report with Detailed ToC on"Global Cryogen Free Dilution Refrigerators Market by Types (Base Temperature Less Than 10 mK, Base Temperature Between 10 - 20 mK, Base Temperature between 21 - 80 mK, and Base Temperature Above 80 mK), Applications (Nano Research, Quantum Computing, Low Temperature Detection, and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)"

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/207

Key Segments Covered

By Types

By Applications

By Region

Key Market Players Profiled in the Report

Target Audience:

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About Growth Market Reports:

Growth Market Reports provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

Contact:Alex Mathews1st Floor, Kalpavruksha Office No 1,GK Lane Number 3,Ingawale Nagar, Pimple Nilakh, Pune,Maharashtra 411027Phone: +1 909 545 6473Email: [emailprotected]Web: https://growthmarketreports.comRead our news: https://businessmirrornews.com

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Global Cryogen Free Dilution Refrigerators Market Expected to Reach USD 211.4 Million by 2027 With A CAGR Of 9.1% | Growth Market Reports - PRNewswire

Feb. 16, 2021 Researchers have found a way to use light and a single electron to communicate with a cloud of quantum bits and sense their behaviour, making it possible to detect a single quantum bit in a dense cloud.

The researchers, from the University of Cambridge, were able to inject a needle of highly fragile quantum information in a haystack of 100,000 nuclei. Using lasers to control an electron, the researchers could then use that electron to control the behaviour of the haystack, making it easier to find the needle. They were able to detect the needle with a precision of 1.9 parts per million: high enough to detect a single quantum bit in this large ensemble.

The technique makes it possible to send highly fragile quantum information optically to a nuclear system for storage, and to verify its imprint with minimal disturbance, an important step in the development of a quantum internet based on quantum light sources. Theresultsare reported in the journalNature Physics.

The first quantum computers which will harness the strange behaviour of subatomic particles to far outperform even the most powerful supercomputers are on the horizon. However, leveraging their full potential will require a way to network them: a quantum internet. Channels of light that transmit quantum information are promising candidates for a quantum internet, and currently there is no better quantum light source than the semiconductor quantum dot: tiny crystals that are essentially artificial atoms.

However, one thing stands in the way of quantum dots and a quantum internet: the ability to store quantum information temporarily at staging posts along the network.

The solution to this problem is to store the fragile quantum information by hiding it in the cloud of 100,000 atomic nuclei that each quantum dot contains, like a needle in a haystack, said Professor Mete Atatre from Cambridges Cavendish Laboratory, who led the research. But if we try to communicate with these nuclei like we communicate with bits, they tend to flip randomly, creating a noisy system.

The cloud of quantum bits contained in a quantum dot dont normally act in a collective state, making it a challenge to get information in or out of them. However, Atatre and his colleagues showed in2019that when cooled to ultra-low temperatures also using light, these nuclei can be made to do quantum dances in unison, significantly reducing the amount of noise in the system.

Now, they have shown another fundamental step towards storing and retrieving quantum information in the nuclei. By controlling the collective state of the 100,000 nuclei, they were able to detect the existence of the quantum information as a flipped quantum bit at an ultra-high precision of 1.9 parts per million: enough to see a single bit flip in the cloud of nuclei.

Technically this is extremely demanding, said Atatre, who is also a Fellow of St Johns College. We dont have a way of talking to the cloud and the cloud doesnt have a way of talking to us. But what we can talk to is an electron: we can communicate with it sort of like a dog that herds sheep.

Using the light from a laser, the researchers are able to communicate with an electron, which then communicates with the spins, or inherent angular momentum, of the nuclei.

By talking to the electron, the chaotic ensemble of spins starts to cool down and rally around the shepherding electron; out of this more ordered state, the electron can create spin waves in the nuclei.

If we imagine our cloud of spins as a herd of 100,000 sheep moving randomly, one sheep suddenly changing direction is hard to see, said Atatre. But if the entire herd is moving as a well-defined wave, then a single sheep changing direction becomes highly noticeable.

In other words, injecting a spin wave made of a single nuclear spin flip into the ensemble makes it easier to detect a single nuclear spin flip among 100,000 nuclear spins.

Using this technique, the researchers are able to send information to the quantum bit and listen in on what the spins are saying with minimal disturbance, down to the fundamental limit set by quantum mechanics.

Having harnessed this control and sensing capability over this large ensemble of nuclei, our next step will be to demonstrate the storage and retrieval of an arbitrary quantum bit from the nuclear spin register, said co-first author Daniel Jackson, a PhD student at the Cavendish Laboratory.

This step will complete a quantum memory connected to light a major building block on the road to realising the quantum internet, said co-first author Dorian Gangloff, a Research Fellow at St Johns College.

Besides its potential usage for a future quantum internet, the technique could also be useful in the development of solid-state quantum computing.

The research was supported in part by the European Research Council (ERC), the Engineering and Physical Sciences Research Council (EPSRC) and the Royal Society.

Source: University of Cambridge

Read more:
Light Used to Detect Quantum Info Stored in 100,000 Nuclear Quantum Bits - HPCwire