Archive for the ‘Quantum Computing’ Category

Quantum computing onstage at the Tech.eu Summit: The Year of the … – Tech.eu

While advancements in the field of Artificial Intelligence have been grabbing headline after headline, the world of quantum computing has quietly (and not so quietly in some cases) been going about the business of making the stuff once thought to be science fiction that of science fact.

The sphere hasnt seen much in the way of private investments (much, not to say none at all), but governments are keen to see the potential through with China announcing plans to commit at least $15 billion to quantum computing, and perhaps a first, with $7.2 billion committed vs. $1.3 the European Union sees itself in a leadership position ahead of the US market.

And these advancements arent just about the pure science of the matter, but massive commercial potential as well with McKinsey recently pinpointing that quantum technology could account for nearly $1.3 trillion in value by 2035.

On May 24, 2023, at the Tech.eu Summit Ill be sitting down with three experts, Sabrina Maniscalco, co-founder and CEO at Algorithmiq, Dr. Jan Goetz, CEO and co-founder at IQM Quantum Computers, and Markus Pflitsch, co-founder and CEO at Terra Quantum to discuss what the future of quantum computing holds, particularly here in Europe, and how Europe can stay ahead of, if not beat other geopolitical players to the punch.

Granted, 20 minutes is nowhere close to enough time to cover a topic as historied, deep, and technical as quantum computing, Im hoping that these three panelists can provide enough information to determine what state our European qubits are in and remain stable long enough for us to measure them. Or not.

I've got my questions for these experts, what are yours? Hit me up on @sensorpunk and I'll do my best to work them into the show.

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The 3 Most Promising Quantum Computing Stocks to Buy in May 2023 – InvestorPlace

Quantum computing aims to reimagine the future of advanced calculations. As with any technology that has the potential to make science fiction into reality, investors are looking for the most promising quantum computing stocks to buy. Historically, computing power has grown at a predictable rate largely constrained by Moores Law. This is the observation that as the number of transistors on a semiconductor chip tends to double every two years, the cost of computing drops by half. This has long governed the pace of innovation in the computing industry.

However, were hitting the physical limit regarding the size of fabrication technologies. To deliver further exponential gains, a new computing technique will be needed. Enter quantum computing. According to a fact sheet on the technology from Microsoft (NASDAQ:MSFT), Quantum computers harness the unique behavior of quantum physics and apply it to computing.

The downturn in tech stocks over the past 18 months has included a downturn in quantum computing stock fortunes as well. However, things may be turning around as sentiment picks back up. As such, its a great time to look at these quantum computing stock winners for May 2023.

Source: Amin Van / Shutterstock.com

IonQ(NYSE:IONQ) is the most well-known independent quantum computing outfit out there today. The firm has been in business for many years, assembling an unmatched collection of patents, Nobel prize-winning scientists and R&D platform.

IonQ came public via a special purpose acquisition company and ran into several of the problems common to unproven tech companies in recent years. That included a brutal short seller report which took major shots at IonQs technology.

However, it appears that IONQ stock has passed through the worst of the storm, with shares more than doubling off their worst levels. The company has a large cash balance, giving it over 6 years worth of runway to keep growing its business before needing to raise more capital.

IonQ has minimal revenues today, and even its proponents admit the company is likely years away from achieving a major breakthrough in revenues and profitability. But the company has some of the brightest minds in the field and has a reasonable shot at being one of the ultimate winners in the quantum computing race.

Source: Shutterstock

The issue with IonQ and other pureplay quantum computing stock picks for May is that they are a high-risk venture. The technology is at an early stage and its hard to forecast the total addressable market with any clarity at this point.

For investors wanting more balanced risk and reward, it could make sense to put money into established companies that are taking steps in quantum computing.Honeywell (NYSE:HON) is one such leading example.

Honeywell is a well-known industrial company, but it has been a pioneer in quantum computing as well. Indeed, it has been active in the space for more than a decade, seeing it as a nice add-on to its industrial software businesses. Honeywells quantum computing division merged with Cambridge Quantum to form Quantinuum which claims its the worlds largest integrated quantum computing company. It aims to address fields such as chemicals, finance, aerospace, defense and pharmaceuticals among others.

Source: Koshiro K / Shutterstock.com

Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is another good choice for investors wanting diversified exposure to quantum computing. Admittedly, quantum computing is far from the only iron in the fire at Alphabet.

The company, best known for their search engine Google, has made futuristic investments in a wide variety of ground-breaking ideas. One of these is quantum computing, where in 2019 they announced that they had achieved quantum supremacy.

It will be a long road from achieving quantum calculations in a lab to real world applications. However, Alphabet is on the path to commercializing its efforts. This includes forming a standalone company for Alphabets quantum ventures, potentially setting the stage for another quantum computing stock opportunity in the future, generating more shareholder value for Alphabet stock owners.

On the date of publication, Ian Bezek 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.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.

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The 3 Most Promising Quantum Computing Stocks to Buy in May 2023 - InvestorPlace

Chinese Breakthroughs Bring Quantum Tools Closer to Practicality – Defense One

A tenfold leap in a key aspect of quantum communications is just one of several recent breakthroughs by Chinese research teams that have major implications for the future of computing and communications.

Quantum communications systems pass information using quantum bits: particles that exist in two states until they are observed. If an enemy observes these qubitsthat is, intercepts a messagethey lose this quality of superposition. The information they carry is lost and, as a bonus, the interception is easily detected. (Imagine dipping a cup into a stream of water; any attempt leaves traces.) But the intended recipients can interpret the information because they are being sent something called quantum keys. The inability to send enough of these keys has been a bottleneck in the pursuit of practical quantum communications.

Now a team of Chinese scientists at the University of Science and Technology of China has reported a breakthrough: a tenfold increase in the rate of stable quantum-key distribution. Led by the decorated USTC researcher Pan Jianwei and MIT-trained Xu Feihu, the team managed to push 115.8 megabytes of encrypted data per second over a 10-kilometer fiber-optic channel, shattering by over ten times the previous record of around 10 Mb/s. This breakthrough enables systems to handle vastly more data, larger files, and more users.

Another challenge for quantum systems, though, is that any increase in distance or bandwidth begins to introduce a large quantity of errors and decoherence. This is a result of the delicate superposition of the qubits, which frequently introduces unacceptable error rates and computational bottlenecking. Although these errors can be corrected by using extra qubits, this takes more computing power. It can even introduce more errors; the correcting qubits themselves are also delicate.

However, another Chinese team, led by Yu Dapeng of the Shenzhen Institute of Quantum Science and Engineering as well as researchers from Tsinghua and Fuzhou Universities, are also making progress on this problem. In March, the team announced a new system for real-time error correction in quantum systems. Their approach corrects for the added error potential of the extra qubits, improves the stability of information storage, and requires fewer resources, allowing quantum systems to realize a net-positive for resource intensity.

Beyond quantum communications

These breakthroughs come as a result of a broader push by Beijing for supremacy in quantum technologies and the many national security applications they promise even beyond the holy grail of communications that would reveal any attempted hack. Quantum computers able to solve complex calculations in milliseconds that would take a conventional computers trillions of years to solve would effortlessly crack most current encryption, push forward machine learning and AI to new levels, enable complex simulations and predictions, and drastically scientific R&D in fields ranging from chemistry to synthetic biology.

The PLA's interest in such areas and the quantum work at the University of Science and Technology of China dates as far back as 2012, when the university signed a strategic cooperation agreement with the PLAs National University of Defense Technology regarding quantum computing research. The signing ceremony was attended by both the aforementioned Pan Jianwei, and Major General Yang Xuejun. The University also has a cooperation agreement with AVIC, Chinas state-owned mega-conglomerate that produces platforms for the PLA Air Force, as well agreements with Yale, Cambridge, and other international organizations.

According to estimates from Global Quantum Intelligence, the Chinese government has likely spent at least $25 billion in the field. Much goes to quantum laboratories, according to a 2022 report from the RAND Corporation: $1.06 billion in 2017 and an additional $2.95 billion through 2022. The Chinese government has also funded private businesses. Pan Jianwei, team-lead for the quantum communications breakthrough, founded the quantum technology company QuantumCtek in 2009. In 2020, the company received funding from the state-owned China Telecom to establish quantum-encrypted communication lines in 15 Chinese provinces.

These investments are now paying off. In addition to the above gains, China has also led massive breakthroughs in supercooled and light-based quantum processors.

Dont panic

Still, concerns of a Chinese quantum supremacy should be softened by the realities and difficulties of this new space. For example, the NSA has noted five technical hurdles to applying quantum cryptography on the U.S. national security system. First, while quantum cryptography does prevent eavesdropping, there is no way of authenticating the sender of the secure information. Second, quantum communications require specialized equipment that cannot be integrated into existing infrastructure and cannot be upgraded or patched. Third, the trusted nature of the encrypted information means insider threats will become much more valuable to malicious actors. Fourth, tolerance for error is extremely low with the delicate qubits and quantum communications equipment. Five, this sensitivity makes denial-of-service attacks on quantum communications systems are much more effective than on traditional communications networks.

Perhaps most importantly, the NSA poured some cold water on quantum code-breaking. Although quantum computers will be able to crack most encryption, it will not be able to break all. Quantum-resistant algorithms can survive attempts by quantum computers to solve their codes, and are much cheaper to deploy to current systems than a complete redesign of security communications infrastructure. Their deployment is currently spearheaded by the National Institute of Standards and Technology, which announced the first group of winners of its quantum-resistant cryptographic competition last year.

Thus, although the new era of quantum computing, cryptography, and communications may bring some major changes, they are still a long way from being fully realized. Still, the spate of recent breakthroughs from Chinese scientists represent both major achievements and further signs that the road to the quantum age may well run through Beijing.

Thomas Corbett is a research analyst with BluePath Labs. His areas of focus include Chinese foreign relations, emerging technology, and Indo-Pacific security studies.

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Chinese Breakthroughs Bring Quantum Tools Closer to Practicality - Defense One

QunaSys Launches "Quantum Algorithm Grand Challenge": Join the … – PR Newswire

TOKYO, May 17, 2023 /PRNewswire/ -- QunaSys, a quantum computing software company, is excited to invite students, researchers, and anyone learning and researchingquantum computation and quantum chemistry worldwide to participate in the Quantum Algorithm Grand Challenge (QAGC).

The challenge began on May 3, 2023, and the final submission deadline is July 31, 2023. The top four individuals or teams will have the opportunity to present their algorithms at the workshop hosted by QunaSys during IEEE Quantum Week 2023, taking placein Seattle, USA from September 17 to 22, 2023.Additionally, the top three individuals or teams will receive cash prizes: USD 10,000 for the first place, USD 5,000 for the second place, and USD 3,000 for the third place.

Contest-based research has successfully driven industrialization in fields like machine learning and robotics. It involves benchmarking real problems and competing for improvements. QAGC provides a quantum algorithm platform that evaluates proposed algorithms based on the same criteria, inspiring researchers worldwide to enhance their algorithms through competition. The ultimate goal is to expedite the industrial implementation of quantum computing.

The challenge problem for QAGC is to calculate the ground energy of the modified Fermi-Hubbard model, which closely resembles molecular problems but with a known exact solution. Using this model enables benchmark beyond classically simulatable size. The evaluation will be based on accuracy, measured by the absolute difference between proposed results and the exact solution. The evaluation system will consist of 8 qubits, and the estimated running time should not exceed 1000 seconds.

QAGC presents a perfect opportunity for quantum computing enthusiasts to showcase their skills and creativity. By participating, you will have the chance to push the boundaries of NISQ algorithms and contribute to the advancement of quantum computing technology. Additionally, you will gain valuable insights from other researchers and developers worldwide while becoming part of the thriving quantum computing community.

Join the race today to take NISQ algorithms to the next level! Register for the Quantum Algorithm Grand Challenge now. To learn more about the challenge and how to participate, visit https://www.qagc.org/for further information.

ContactQAGC secretariat: [emailprotected]

SOURCE QunaSys Inc.

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QunaSys Launches "Quantum Algorithm Grand Challenge": Join the ... - PR Newswire

Team demonstrates quantum advantage on optimization problems with a 5,000-qubit programmable spin glass – Phys.org

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by Ingrid Fadelli , Phys.org

Over the past decades, researchers and companies worldwide have been trying to develop increasingly advanced quantum computers. The key objective of their efforts is to create systems that will outperform classical computers on specific tasks, which is also known as realizing "quantum advantage."

A research team at D-Wave Inc., a quantum computing company, recently created a new quantum computing system that outperforms classical computing systems on optimization problems. This system, introduced in a paper in Nature, is based on a programmable spin glass with 5,000 qubits (the quantum equivalents of bits in classical computing).

"This work validates the original hypothesis behind quantum annealing, coming full circle from some seminal experiments conducted in the 1990s," Andrew D. King, one of the researchers who carried out the study, told Phys.org.

"These original experiments took chunks of spin-glass alloy and subjected them to varying magnetic fields, and the observations suggested that if we made a programmable quantum spin glass, it could drive down to low-energy states of optimization problems faster than analogous classical algorithms. A Science paper published in 2014 tried to verify this on a D-Wave Two processor, but no speedup was found."

In their recent work, King and his colleagues realized quantum acceleration by boosting the connectivity and coherence of the D-Wave Advantage processor, a quantum computing system recently developed at D-Wave. They ultimately pushed this processor into a coherent annealing regime with no thermal effects, which was not achieved in previous works.

To attain this, the researchers programmed a 5,000-qubit spin glass system that they could then control. They then used this system to tackle different optimization problems. Artist's interpretation of a 3D optimization problem solved with a D-Wave Advantage processor. Credit: D-Wave.

"This is a 'full circle' moment, in the sense that we have verified and extended the hypothesis of the UChicago and NEC researchers; quantum annealing shows a scaling advantage over simulated thermal annealing," King said. "Ours is the largest programmable quantum simulation ever performed; reproducing it classically is way beyond the reach of known methods."

To realize coherent annealing rigorously and reliably, the team first developed a 2,000-qubit system and applied it to a simple 1D problem that can be precisely solved with classical computing methods. In their new study, on the other hand, they developed a system with over double the number of qubits and applied it to a problem that cannot be simulated using classical computing tools.

"For several reasons, D-Wave annealing-based quantum computers are the only quantum platform that can solve this kind of optimization problem," King said. "The first is size: we looked at scaling behavior from very small spin glasses (250 qubits) to very large (5,000+ qubits); 250 is pretty much the upper limit for other platforms. The second reason is programmability: we programmed qubit networks in a three-dimensional geometry, tuning each individual qubit-qubit interaction individually."

The researchers performed their experiments on an online production system, which means that they could run alongside their cloud customer activities. In this online platform and with their 5,000-qubit spin glass system, they finally demonstrated scaling advantage on optimization problems.

"We have a clear view of quantum effects and very clear evidence, both theoretical and experimental, that the quantum effects are conferring a computational scaling advantage over classical methods," King said. "We want to highlight the difference between this original definition of quantum advantage and the fact that it is sometimes used as a stand-in term for quantum supremacy, which we have not demonstrated. Gate-model quantum computers have not shown any capabilities approaching this for optimization, and I personally don't believe they ever will."

In light of their recent work, King and his colleagues believe that quantum annealing will always perform better than gate-model on optimization problems. This is why D-Wave is currently focusing on the development of both these platforms.

"For a long time, it was subject for debate whether or not coherent quantum dynamics were playing any role at all in quantum annealing," King said. "While this controversy has been rebuked by previous works, this new research is the clearest demonstration yet, by far."

The work by this team of researchers and the 5,000-qubit system they realized is a significant contribution to the field of quantum computing, which specifically highlights the potential of tackling optimization problems using quantum computing systems. Their recent paper focused on attaining quantum advantage over classical systems on optimization problems by precisely controlling the quantum dynamics of a large system. In their future works, however, King and his colleagues would also like to quantify how limited classical methods are and show that the capabilities of their system can reach beyond those of supercomputers.

"We can also see the effects of coherence in our processors very clearly," King added. "The Advantage2 processor, currently in development, promises significant improvements in that area, so we're really excited to see what we can do, not only in terms of improved optimization for customer applications, but also with more exotic experiments in coherent annealing."

More information: Andrew D. King et al, Quantum critical dynamics in a 5,000-qubit programmable spin glass, Nature (2023). DOI: 10.1038/s41586-023-05867-2

Journal information: Science , Nature

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Team demonstrates quantum advantage on optimization problems with a 5,000-qubit programmable spin glass - Phys.org