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A team member at D-Wave Systems, based in Burnaby, B.C.,, works on the dilution refrigerator system that cools the processors in the companys quantum computer. (D-Wave Systems Photo / Larry Goldstein)

Burnaby, B.C.-based D-Wave Systems, the quantum computing company that counts Jeff Bezos among its investors and NASA among its customers, has struck a deal to go public with a $1.2 billion valuation.

The deal involves a combination with DPMC Capital, a publicly traded special-purpose acquisition company, or SPAC. Its expected to bring in $300 million in gross proceeds from DPMCs trust account, plus $40 million in gross proceeds from investors participating in a PIPE arrangement. (PIPE stands for private investment in public equity.)

Quantum computing takes advantage of phenomena at the quantum level, processing qubits that can represent multiple values simultaneously as opposed to the one-or-zero paradigm of classical computing. The approach is theoretically capable of solving some types of problems much faster than classical computers.

Founded in 1999, D-Wave has focused on a type of technology called quantum annealing, which uses quantum computing principles and hardware to tackle tasks relating to network optimization and probabilistic sampling.

Physicists have debated whether D-Waves Advantage system should be considered an honest-to-goodness quantum computer, but the company says that question has been settled by research that, among other things, turned up signatures of quantum entanglement. D-Wave is included among the quantum resources offered by Amazon and Microsoft, and it also has its own cloud-based platform, known as Leap.

The SPAC deal has already been cleared by the boards of directors for D-Wave and DPCM Capital. If the transaction proceeds as expected, with approval by DPCMs stockholders, it should close by midyear. The result would be a combined company called D-Wave Quantum Inc. that would remain headquartered in Burnaby a suburb of Vancouver, B.C. and trade on the New York Stock Exchange under the QBTS stock symbol.

Today marks an inflection point signaling that quantum computing has moved beyond just theory and government-funded research to deliver commercial quantum solutions for business, D-Wave CEO Alan Baratz said in a news release.

Among the investors involved in the PIPE transaction are PSP Investments, NEC Corp., Goldman Sachs, Yorkville Advisors and Aegis Group Partners. Other longtime D-Wave investors include Bezos Expeditions as well as In-Q-Tel, a venture capital fund backed by the CIA and other intelligence agencies.

In what was described as an innovative move, the SPAC deal sets aside a bonus pool of 5 million shares for DPCMs non-redeeming public stockholders.

D-Wave says it will use the fresh funding to accelerate its delivery of in-production quantum applications for its customers, and to build on a foundation of more than 200 U.S. patents. The company is aiming to widen its offerings beyond quantum annealing by developing more versatile gate-model quantum computers.

Emil Michael, DPMC Capitals CEO, said the total addressable market for quantum computing services could amount to more than $1 billion in the near term, and rise to $150 billion as applications mature.

While quantum computing is complex, its value and benefits are quite simple: finding solutions to problems that couldnt be previously solved, or solving problems faster with more optimal results, Michael said. D-Wave is at the forefront of developing this market, already delivering the significant benefits of quantum computing to major companies across the globe.

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Quantum computing venture backed by Jeff Bezos will leap into public trading with $1.2B valuation - GeekWire

Raised by Wolves

The Collective

Season 2 Episode 1

Editors Rating 4 stars ****

Photo: HBO

When we last traveled Kepler-22b with Mother (Amanda Collin), Father (Abubakar Salim), and their brood of problematically obtained children, it was the fall of 2020, which seems like a dozen lifetimes ago. Mother, a droid and necromancer reprogrammed to raise a new atheistic society of children, and Father, a service android tasked to protect their new colony, had completed their core task with little success and had plenty of Ridley Scotts trademark milk-seeping wounds to show for their efforts. Out of the six embryos they transported from a religious, war-ravaged Earth, only one survived, the others having died from eating toxic foods. And Mothers surprising pregnancy, which she idealized as being the love-child of her creator, Campion Sturges (Cosmo Jarvis), turned out to be a supercharged flying eel that was at one time native to Kepler-22b and brought back from extinction via a cosmic troll of epic proportions.

Mother and Fathers overall plan of a new atheist society free from the combative nature of being governed by a spiritual leader is in perfect opposition of the Mithraics, who worship the Roman god of supreme light, Sol. When the Mithraics made their way to Kepler-22b in season one, they were initially only interested in dipping into their resources, but when Mother abducted a number of their children, including Paul (Felix Jamieson), the son of faux Mithraics Marcus (Travis Fimmel) and Sue (Niamh Algar), atheist soldiers who went through a droid-conducted procedure to take on the appearances of Mithraics in order to gain entry to the ark fleeing Earth, the collective hope of a fresh start went up in flames. Going into season two, our own hope is that well learn more about the mysterious influence that is causing visual and auditory hallucinations in both the Mithraic and atheist camps and, most importantly, just how big Mothers baby has become, and who its gonna eat first.

With this new season, were given a new location, the tropical zone, where atheist colony 1 has set up camp surrounding a hijacked Mithraic ark. The atheists come across the zonked-out bodies of Mother, whose non-mother name is Lamia, and Father on opposite ends of the zone where they were flung from their crashed lander. The atheists have plenty of droids of their own, but haul these two into their ship anyway, primarily out of curiosity. They make an attempt to download their memories but while digging around in Mother to locate her processor, the atheist doing the digging blows up like a burnt marshmallow on the end of a campfire stick. Quick to bounce back, Mother is still not one to be fiddled around with. She surveys her new surroundings and sees that the atheists seem to be governed by a highly intelligent computerized force and asks to be taken to it. Standing before what looks like a dark smoky bong inside a lava lamp, Mother learns that the force governing the atheists is a quantum computer called The Trust made by Campion Sturges, which makes them siblings, in a sense. For as much as the atheists are repulsed by the Mithraic way of believing in what cannot be seen, the idea of them putting all their faith in a pushy machine seems pretty ironic. But the need to seek out a larger meaning to life, in one way or another, is almost impossible to avoid whether youre religious, an atheist, or even a droid.

Mother is having human-esque reactions to things now like love, desire, and shame. She lies to her son Campion, named after her creator, and the others about the fate of her baby, saying that it died immediately after being born. And she seems elated to be put to work by the new atheist colony as the caregiver for their youngest children. While watching over their classroom, she gives them eggs to color, and when one little boy starts coloring a bright green snake on his egg she tells him not to make it scary, clearly triggered by the idea of her slithering spawn out there somewhere wiggling its way towards their colony. Its not scary; its beautiful. All living things are beautiful, the child responds. Clearly hes never met this particular butthole-mouthed living thing.

The reunited family structure of Mother, Father, Campion, Paul, Hunter (Ethan Hazzard), Holly (Aasiya Shah), Vita (Ivy Wong), Tempest (Jordan Loughran), and Sue take pleasure in the pleasant air, bright sun, and fancy amenities of atheist colony 1, but we can already tell that they wont be able to enjoy it for very long. While theyre luxuriating in the working kitchen, cozy bedrooms, and congregational areas equipped with hologames called Necro Slayer!, Marcus, their one remaining Mithraic threat, is making his way toward them. After shooting down an atheist bomber, he hijacks it and has no trouble locating their new camp. The Trust spots him before he lands, and takes over control of the bomber, but a crash landing into acid water isnt even enough to slow him down. He uses a ray gun to anchor his ship and pull it close enough to land so he can jump out, and then rewards himself with cactus fruit. While navigating his way through the new zone, he comes in contact with a mother and her droid daughter who are fleeing the perimeter. Theyre wearing explosive vests set to detonate if they stray too far away, but Marcus uses a pin from the droids shoulder to pry them open. He learns that the mother is a Mithraic quantum gravity engineer named Decima (Kim Engelbrecht) who spent her lifes work making the ark that the atheists stole to get there, and was able to keep her droid daughter, Vrille (Morgan Santo), in exchange for working on the ark and keeping it in good running order. Marcus is quick to put all of this knowledge to use and makes plans to start a Mithraic congregation in the new tropical zone by converting the rest of the atheists one by one. So here, in one episode, we have the basis for enough conflict to easily fuel the season.

A disgruntled atheist leaves a message for Mother, Father, and the rest of the new colony in the form of a blazing sun symbol on the ground, right outside of their ark. Paul, who was recently quarantined for believing that Sol is speaking to him and leaving him little gifts here and there, will take a great deal away from this, to be sure. Toward the end of season one, Paul and Marcus, who he says Sol revealed to not be his real dad, were on the outs after Marcuss violent outbursts, but when he hears of Marcuss plans to start a new church, that might change. If Marcus is able to lure Paul away from the atheists, thatll set him against his friend Campion who, as far as I can see, is just out here trying to hatch eggs to make pets and mind his business, so well see what happens there.

Its not very realistic, is it? Mother when she sees the Necro Slayer! game.

This side of the planet seems less intent on killing our children. Father, ever the optimist.

Campion needs some conditioner.

I have a feeling that the Dungeons & Dragons relic that Paul found and the egg that Campion brought back to the colony are both going to end up being terrifying things.

Keep up with all the drama of your favorite shows!

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Raised by Wolves season 2, episode 1 recap: The Collective - Vulture

BOULDER, Colo., Jan. 31, 2022ColdQuanta, a global quantum ecosystem leader, today announced the completion of a milestone year in 2021, with significant momentum across all facets of the business including revenue, headcount, technical milestones, industry partnerships, leadership expansion and more.

2021 was a successful year for ColdQuanta with unprecedented growth across all aspects of our business, said Scott Faris, ColdQuanta CEO. Quantum technology has earned its moment in the spotlight and our ecosystem approach to the market is paying dividends. By doubling down on key business initiatives this coming year and significantly expanding the scope of our quantum solutions, we are bringing to market a differentiated position capable of rapidly delivering on the scalable quantum promise.

Noteworthy milestones over the last year include:

ColdQuanta is uniquely positioned to usher in the new era of quantum, said Dana Anderson, ColdQuantas founder and CTO. Unlike other modalities, our cold atom method does not rely on future scientific discoveries to predictably and cost-effectively scale. At the same time, our technology is highly adaptable to multiple applications that will be used to solve some of todays most pressing challenges across finance, healthcare, transportation and more.

About ColdQuanta

ColdQuanta is a quantum technology company with a diverse portfolio of more than 50 products and services. Its breakthrough technology enables the creation of a global ecosystem consisting of machines, devices and information platforms to help solve the worlds most challenging problems. Founded in 2007, ColdQuanta grew from decades of research in atomic physics and work at JILA with its IP exclusively licensed through the University of Colorado and University of Wisconsin. ColdQuantas scalable and versatile cold atom technology is leveraged by world-class organizations around the globe, and is currently deployed on the International Space Station in a joint effort with NASA. ColdQuanta is based in Boulder, CO with offices in Madison, WI and Oxford, UK. Find out how ColdQuanta is delivering on the scalable quantum promise atwww.coldquanta.com.

Source: ColdQuanta

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ColdQuanta Closes Year of Growth Achieving Over 140 Percent Bookings Increase - HPCwire

DUBLIN--(BUSINESS WIRE)--The "Quantum Cryptography - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Quantum Cryptography Market to Reach US$291.9 Million by the Year 2026

Growth in the global market is set to be driven by rising frequency of cyber-attacks, increasing focus on cyber-security and evolution of sophisticated wireless networks. Quantum cryptography is gaining attention due to increasing digitalization and the resulting surge in cyber-security risks and other threats such as data security and breach. Industries across different verticals are facing increasing frequency and sophistication of cyber-attacks due to proliferation of the Internet, connected devices and online services.

The market growth is favored by high reliance of organizations and customers on computer networks for transactions and communication, which is leading to the demand for advanced technology to safeguard sensitive data. While increasing cyber-security funding and high uptake of advanced security solutions are augmenting the market growth, increasing penetration of the IoT and cloud technologies is expected to create new growth avenues. In addition, the market growth is buoyed by increasing implementation of next-generation wireless network technologies.

Amid the COVID-19 crisis, the global market for Quantum Cryptography estimated at US$93.1 Million in the year 2020, is projected to reach a revised size of US$291.9 Million by 2026, growing at a CAGR of 20.8% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 18.3% CAGR to reach US$194.2 Million by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 24.7% CAGR for the next 7-year period. This segment currently accounts for a 35.6% share of the global Quantum Cryptography market. The pressing need to protect the network from various vulnerabilities is driving an increasing number of industries like BFSI, defense, government, healthcare, automotive and retail to embrace quantum cryptography solutions.

The U.S. Market is Estimated at $40.6 Million in 2021, While China is Forecast to Reach $40.6 Million by 2026

The Quantum Cryptography market in the U.S. is estimated at US$40.6 Million in the year 2021. The country currently accounts for a 37.5% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$40.6 Million in the year 2026 trailing a CAGR of 19.3% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.5% and 21.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR while Rest of European market (as defined in the study) will reach US$23 Million by the end of the analysis period.

North America is projected to dominate the global market and account for the leading revenue share due to an extensive customer base, increasing incident of cyber-attacks and rising investments in R&D. The proliferation of encryption-based applications in the region has resulted in dramatic surge in frequency of sophisticated cyber-attacks, requiring companies to secure networks and applications with implementation of quantum cryptography solutions.

The Asia-Pacific market is anticipated to witness increasing efforts by providers of quantum cryptography services and solutions to join hands with clients to boost overall sales and market presence.

Select Competitors (Total 97 Featured)

Key Topics Covered

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5q7ivl

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Quantum Cryptography Industry Report 2022: Rising Demand for Cloud Solutions, Rapid Digital Transformation as a Consequence of COVID-19 -...

Quantum computing is expected to revolutionize a broad swathe of industries. But as the technology edges closer to commercialization, what will the earliest use cases be?

Quantum computing is still a long way from going mainstream. The industry had some significant breakthroughs in 2021 though, not least IBMs unveiling of the first processor to cross the 100-qubit mark. But the technology is still experimental, and has yet to demonstrate its usefulness for solving real-world problems.

That milestone might not be so far off, though. Most quantum computing companies are aiming to produce fault-tolerant devices by 2030, which many see as the inflection point that will usher in the era of practical quantum computing.

Quantum computers will not be general-purpose machines, though. They will be able to solve some calculations that are completely intractable for current computers and dramatically speed up processing for others. But many of the things they excel at are niche problems, and they will not replace conventional computers for the vast majority of tasks.

That means the ability to benefit from this revolution will be highly uneven, which prompted analysts at McKinsey to investigate who the early winners could be in a new report. They identified the pharmaceutical, chemical, automotive, and financial industries as those with the most promising near-term use cases.

The authors take care to point out that making predictions about quantum computing is hard because many fundamental questions remain unanswered; for instance, the relative importance of the quantity and quality of qubits or whether there can be practical uses for early devices before they achieve fault tolerance.

Its also important to note that there are currently fewer than 100 quantum algorithms that exhibit a quantum speed-up, the extent of which can vary considerably. That means the first and foremost question for business leaders is whether a quantum solution even exists for their problem.

But for some industries the benefits look clearer than others. For drug makers, the technology holds the promise of streamlining the industrys long and incredibly expensive research and development process; the average drug takes 10 years and $2 billion to develop.

Quantum simulations could predict how proteins fold and tease out the properties of small molecules that could help produce new treatments. Once promising candidates have been found, quantum computers could also help optimize critical attributes like absorption and solubility.

Beyond research and development, quantum computers could also help companies optimize the clinical trials used to validate new drugs, for instance by helping identify and group participants or selecting trial sites.

Quantum simulation could also prove a powerful tool in the chemical industry, according to the report. Todays chemists use computer-aided design tools that rely on approximations of molecular behavior and properties, but enabling full quantum mechanical simulations of molecules will dramatically expand their capabilities.

This could cut out the many rounds of trial-and-error lab experiments normally required to develop new products, instead relying on simulations to do the heavy lifting, with limited lab-based validation to confirm the results.

Quantum computers could also help to optimize the formulations used in all kinds of productsfrom detergents to paintsby modeling the complex molecular-level processes that govern their action.

For both the pharmaceutical and chemical industries, its not just the design of new products that could be impacted. Quantum computers could also help improve their production processes by helping researchers better understand the reaction mechanisms used to create drugs and chemicals, design new catalysts, or fine-tune conditions to optimize yields.

In the automotive industry, the technology could significantly boost prototyping and testing capabilities. Better simulation of everything from aerodynamic properties to thermodynamic behavior will reduce the cost of prototyping and lead to better designs. It could even make virtual testing possible, reducing the number of test vehicles required.

As carmakers look for greener ways to fuel their vehicles, quantum simulations could also contribute to finding new materials and better designs for hydrogen fuel cells and batteries. But the biggest impact could be on the day-to-day logistics involved in running a major automotive company.

Supply chain disruptions cost the industry about $15 billion a year, but quantum computers could simulate and optimize the sprawling global networks companies rely on to significantly reduce these headaches. They could also help fine-tune assembly line schedules to reduce inefficiencies and even optimize the movements of multi-robot teams as they put cars together.

Quantum computings impact on the financial industry will take longer to be felt, according to the reports authors, but with the huge sums at stake its worth taking seriously. The technology could prove invaluable in modeling the behavior of large and complex portfolios to come up with better investment strategies. Similar approaches could also help optimize loan portfolios to reduce risk, which could allow lenders lower interest rates or free up capital.

How much of this comes to pass depends heavily on the future trajectory of quantum technology. Despite significant progress, there are still many unknowns, and plenty of scope for timelines to slip. Nonetheless, the potential of this new technology is starting to come into focus, and it seems that business leaders in those industries most susceptible to disruption would do well to start making plans.

Image Credit: Pete LinforthfromPixabay

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These Will Be the Earliest Use Cases for Quantum Computers - Singularity Hub