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Fort Collins, Colorado, Sept. 21, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Quantum Computing Market Size, Growth, Share, Statistics Report, By Component (Hardware, Software, Services), By Deployment (Cloud, On-Premise), By Application (ML, Biomedical Solution, Financial Services), By End-use (BFSI, IT&Telecom, Healthcare, Energy), By Region, and Segment Forecasts, 2023-2032."

According to DataHorizzon Research, The quantum computing market size was valued at USD 0.7 Billion in 2022 and is expected to reach USD 16.3 Billion by 2032 at a CAGR of 36.5%. The report comprehensively analyzes the global market scenarios with key takeaways. The report also highlights the present and future trends in the industry, followed by actionable market insights.

Quantum computing can be used for establishing secure connections in space. The space communication is vulnerable to hacking, interceptions, and access to critical information. With the help of quantum computing, it adds more secure layers to prevent any intrusion. This kind of quantum computing approach is specially designed for optimizing different programs. For instance, NASAs JPL (Jet Propulsion Laboratory) uses quantum annealing to optimize spacecraft, and secure layers to store critical information, and trajectories with lesser travel time.

One of the most significant applications of quantum computing in the field of space science is data analysis. Space science generates vast amounts of data, including images, spectra, and other measurements. Thus, quantum computing is preferably used in space communications. Additionally, quantum computing can be used to simulate and analyze the behavior of large molecules and chemical compounds much more quickly than traditional computers. This accelerated discovery process could result in the rapid development of new drugs over traditional methods.

The increase in investments by various government players and private equities is helping the market's overall development. Increasing the number of strategic collaborations among the companies is helping the market grow. In addition, implementing quantum computers in banking institutions is accelerating the demand. Moreover, mergers and acquisitions have boosted the market dynamics.

Quantum computing has wide applications in the field of simulations that improve the movements of complicated systems like satellite constellations and interplanetary space aircraft. Its use in militaries includes complex simulations, cryptography, and secure communication lines. Recently, NASA has launched QuAIL, a collaboration between NASA, Google & Universities Space Research Association, which was established to develop quantum algorithms and software for different space missions and scientific searches.

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Report Snapshot:

Segmentation Overview:

Theglobal quantum computing market has been segmented into component, application, end-use, and region. Hardware is a leading component in the market segment due to tremendous technical compatibility demand. Based on deployment, on-premise is fast-growing due to its high relevance in drug and chemical research. On-premise deployment expedites the bandwidth and digital resources for drug and chemical research.

North America is the leading region for quantum computing due to significant investments in technologies such as IoT, quantum computing, and big data. Space research and the emergence of UAVs (unmanned aerial vehicles) are some of the recent fields where quantum computing is widely used. Asia Pacific is the fast-growing market for quantum computing owing to the emerging needs in cybersecurity, machine learning algorithms for blockchain, and drug chemical research.

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Quantum Computing Market Report Highlights:

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Quantum Computing Market Report Segmentation:

Quantum Computing Market, By Component (2023-2032)

Quantum Computing Market, By Deployment (2023-2032)

Quantum Computing Market, By Application (2023-2032)

Quantum Computing Market, By End Use (2023-2032)

Quantum Computing Market, By Region (2023-2032)

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Originally posted here:
Quantum Computing Market Size to Reach USD 16.3 Billion by ... - GlobeNewswire

TORONTO and DAEJEON, South Korea, Sept. 19, 2023 Xanadu, a world leader in photonic quantum computing, and the Korea Institute of Science and Technology Information (KISTI), a leading national research institute, have partnered to create South Koreas first quantum-classical hybrid computing infrastructure for providing the regional scientific community with new research capabilities.

The quantum-classical hybrid circuit software development kit (SDK) developed through this partnership will establish the backend infrastructure to KISTIs cloud service for connecting various classical and quantum hardware platforms. Xanadus open-source software library, PennyLane, and its high-performance quantum simulator, Lightning, will be employed as foundational tools for developing this SDK, empowering South Korean researchers with seamless access to hybrid computing resources and performing state-of-the-art research.

Since 1962, KISTI has played a pivotal role in bolstering South Koreas global leadership in science and technology innovation. Over the past decade, KISTI has been actively involved in a wide range of quantum projects. These include research in computational designs of quantum logic devices, as well as extending the scope of quantum circuit simulations with parallel computing in large classical computing environments. Combining Xanadus and KISTIs quantum expertise unlocks the potential to leverage the power of both classical and quantum computing technologies.

Were excited to partner with KISTI to develop South Koreas first hybrid quantum-classical infrastructure, said Christian Weedbrook, Xanadu founder and Chief Executive Officer. PennyLanes ability to run on all major quantum hardware makes it an excellent framework to base development on, and we look forward to seeing the projects that come of this.

Our mission is to build a better future with science and technology infrastructure and data, said Dr. Kim Jaesoo, President of KISTI. We are thrilled to expand our research capabilities and bring this new technology to South Korea by partnering with Xanadu.

About Xanadu

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the worlds leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development.

About the Korea Institute of Science and Technology Information

KISTI is a Korean national research institute that leads high performance computing (HPC) R&D activities in South Korea. Founded in 1962, KISTI has been participating in the national flagship project launched to develop a 50-qubit full-stack quantum computer, with a major role in the development of a parallelized quantum circuit simulator and a cloud service framework for quantum computing.

Source: Xanadu

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Xanadu and KISTI Partner to Create South Korea's 1st Quantum ... - HPCwire

Simultaneously, while Raimondo acknowledged that the United States does not want to decouple from China, she held firm that the United States would not be compromising or negotiating on matters of national security. Period. Accordingly, the visit offers useful insight into U.S. policy at a critical time for the Chinese-U.S. relationship. While additional trade controls are likely in coming months, the visit demonstrates the possibility of continued dialog between both nations, informed by relevant industry stakeholders.

A Focus on Exports to ChinaThe past several years have seen significant restrictions placed on trade between the United States and China. In October 2022, the U.S. Department of Commerces Bureau of Industry (BIS) issued restrictions on exports of certain advanced computing chips to China and Russia. The BIS cited concerns about foreign adversaries use of computer chips, such as for military modernization efforts. (See Pillsburys initial analysis of these rules.)

Reports indicate that the BIS is considering amendments to its regulations which could include additional limitations, such as restrictions on cloud computing services that provide a China-located user with access to advanced chips. These reports also suggest that further revisions could be made to the technical control parameters of what is considered an advanced computing integrated circuit.

Investment Regulation In August 2023, the Biden Administration issued a long-awaited Executive Order (EO) on outbound investment, which lays the groundwork for forthcoming regulations to require notifications or, in some cases, outright prohibit U.S. companies from making certain investments in countries of concern, including China. The EO identifies semiconductors, quantum computing and artificial intelligence (AI) as the primary areas of focus. (See Pillsburys initial analysis of the Executive Order.) Comments on the Department of Treasurys notice of proposed rulemaking carrying out the EO are due September 28.

Congress has also focused on outbound investment regulation. Included in the National Defense Authorization Act (NDAA), as passed out of the Senate, is the Outbound Investment Transparency Act (OITA), which would require companies exporting advanced semiconductors (among other covered sector technologies) to notify the Treasury Department 14 days prior to making investments in countries of concern. During Senator Caseys statements on the floor of the Senate supporting the OITA, he commented that outbound investment harms U.S. strategic interests when it facilitates technology transfer and that these investments can undermine the long-term competitiveness of American firms. Independent of the NDAAs passage, it appears likely that Congress will implement some form of outbound investment restriction or monitoring, though questions remain whether any legislation will go beyond what is already called for in the Administrations EO.

Separately, in January 2023, the U.S. House of Representatives voted to create the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party, commonly referred to simply as the Select Committee on the CCP. Over the summer, the Select Committee has launched a number of investigations into U.S. investments and business relations in China. Prior to Raimondos trip to China, the Committee wrote to Raimondo, urging her to declare that compromising on U.S. export controls with China is non-negotiablean action Raimondo did take. The Committee has made clear that they believe it is paramount to keep advanced semiconductors out of Chinas reach.

Given the increasing complexities to engage with trade in China, some U.S. companies have publicly expressed distress regarding the difficulty of operating in both jurisdictions. As noted by Raimondo on her trip to China, American firms still have a desire to do business in China and access the Chinese market.

Comments and Criticism of Limiting Semiconductor ExportsCompanies working with semiconductors at home and abroad should be mindful of the changing market landscape caused by evolving policies.

As outlined in the August 2023 EO, the prohibition on U.S. companies to sell semiconductors to countries of concern will limit Chinas ability to develop AI products in the short term. Companies that export chips to China have made clear that in response to export controls, China will dedicate massive resources to accelerate companies specializing in the development of graphics processing units (GPUs). American companies have also raised concerns about the long-term impacts of overly broad restrictions on exports to China, which can cause China to develop its own capabilities, impact visibility on technology developments in China, and result in displacing U.S. technology worldwide.

Chinas Ministry of Commerce, in reaction to the announcement of the 2022 export block, noted that the restrictions on advanced computer chips to China would hinder international scientific and technological exchanges and economic cooperation, and have an impact on the stability of global industrial and supply chains and the recovery of the world economy. To support the manufacturing strategies of domestic semiconductor companies, the China Integrated Circuit Industry Investment Fund, known as the Big Fund, is set to launch a $40 billion investment fund, backed by the Chinese government. This would be the largest fund to datetwo prior funding rounds were released in 2014 and 2019. The goal of the fund is to make China self-sufficient. While it will take time to raise the investments and see results from the Big Funds initiative, it is indicative of the governments dedication to build up its domestic capacity in light of international restrictions.

Engagement OpportunitiesCompanies that may be impacted by future outbound investment regulations should submit comments and feedback to the Department of Treasury before the September 28 deadline. In addition, some companies may seek the opportunity to meet with members of Congress to help educate on chip supply chain issues as it relates to AI. Senator Schumer (D-NY), who announced the SAFE AI Innovation Framework in June, is hosting the AI Insight Forum this fall. On September 13, Schumer held a closed-door meeting with high-profile tech leaders to discuss potential AI regulation. The meeting was attended by 60 senators who, according to Schumer, all agreed that the government must play a role in regulating AI. Several bills and frameworks have already been proposed or discussed on the Hill, and we expect more to be introduced as the Senators glean more information during forum meetings. Companies may want to reach out to those attending the meeting, as well as coordinate with Senate staff to be involved in future AI Insight Forums.

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Recent Updates on Foreign Investment Restrictions and Export ... - Pillsbury Winthrop Shaw Pittman

Japanese operator SoftBank and the University of Tokyo have entered into a joint research collaboration to explore the business applications of quantum computing. The collaboration includes SoftBanks membership in the Quantum Innovation Initiative Consortium (QII Consortium), which is operatedthe University of Tokyo. The goal of the collaboration is to strengthen industry-academia collaboration, accelerate research and development, and verify use cases using the IBM Quantum System One, a quantum computer with a 127-qubit processor.

In addition to exploring the potential of quantum computing, SoftBank and the University of Tokyo plan to link the system with mobile communication technologies such as 5G, IoT, and future 6G systems. This integration aims to contribute to the social implementation of quantum computers, furthering their practical application in society.

The QII Consortium was established to build an ecosystem of quantum computing technologies and promote relevant research and development activities. SoftBank is currently conducting use case validations in fields like quantum chemistry, quantum machine learning, and optimization.

Both SoftBank and the University of Tokyo have expressed their commitment to advancing quantum research in Japan. By exclusively using a quantum computer with a 127-qubit processor installed in Japan, the University of Tokyo aims to lead in application development in the era of quantum computing.

SoftBank sees its membership in the QII Consortium as an opportunity to contribute to quantum research and pursue the practical use of quantum computing. The company envisions equipping its next-generation social infrastructure with quantum computers to accelerate the digitalization of society.

This collaboration follows SoftBanks previous joint research agreement with Keio University in the field of quantum computers. The initial focus of the research is on quantum chemistry, specifically the analysis of molecules and nuclei using Noisy Intermediate-Scale Quantum (NISQ) computers.

Overall, the collaboration between SoftBank and the University of Tokyo demonstrates their commitment to advancing quantum computing technology and exploring its potential for business utilization. The integration of mobile communication technologies further highlights the goal of implementing quantum computers for societal benefit.

Sources: SoftBank collaborates with University of Tokyo for quantum computing research SoftBank, University of Tokyo partner on quantum computing research

Link:
SoftBank and the University of Tokyo Collaborate on Quantum ... - OPP.Today

Bitcoin advocate Nic Carter has come out to reiterate his support for the theory that the United States National Security Agency (NSA) had something to do with the creation of Bitcoin (BTC).

On Sept. 15, Iris Energy co-founder Daniel Roberts seemingly revived the decade-old theory on X after posting screenshots of a 1996 paper titled How to Make a Mint: The Cryptography of Anonymous Electronic Cash.

The paper is one of the first known discussions of a Bitcoin-like system, which proposes usingpublic-key cryptography to allow users to make anonymous payments without revealing their identity.

The footer notes show the research paper was prepared by NSA employees. Sources included cryptography expert Tatsuaki Okamoto, who co-invented the OkamotoUchiyama public key cryptosystem in 1998.

On Sept. 21, Carter,a partner at Castle Island Ventures, doubled down his support for the notion, stating, I actually do believe this, before adding:

Carter has actually held the theory for several years, proposingback in2020: If Bitcoin was written by NSA cryptographers as a monetary bioweapon, if you will, and the code escaped those sensitive confines... does that make it a virus... that escaped from a lab?

In 2021, he stated,The only decent thing the NSA ever did from the world was let bitcoin leak from the lab.

However, he went on to say that this doesnt imply that the United States government secretly controls all the Bitcoin, another theory that often piggybacks on the Bitcoin/NSA conspiracy theory, which suggests the NSA created a backdoor to the Bitcoin code.

Theres a ton of other circumstantial evidence which supports this [theory], he added.

Meanwhile, some users drew attention to one of the cryptography academics, Tatsuaki Okamoto, listed in the 1996 paper, suggesting the name sounds very similar to Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

The name could have been used as inspiration for Satoshi. Thats not really a critical part of the theory, though, Carter said.

Related: This is how Satoshi Nakamoto envisioned crypto working

Meanwhile, Matthew Pines, director of intelligence at cybersecurity firm Krebs Stamos,believesit was most likely a cross-fertilization of NSA crypto nerds and cypherpunk nerds, adding:

Former Goldman Sachs executive Raoul Pal has previously shared his own theory. In an interview with Impact Theory earlier this year, he said:

In August, Cointelegraph did a deep dive into the conspiracy theory and interviewed former NSA cryptanalyst Jeff Man, who said that, while it was feasible that the NSA could have created Bitcoin as a means to gather intelligence about its enemies, it is highly doubtful.

However, Man concluded that even if they did, it is likely well never find out the real story behind the worlds most popular digital asset until it doesnt matter anymore.

Magazine: Big Questions: Did the NSA create Bitcoin?

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Nic Carter doubles down on theory Bitcoin was invented by NSA - Cointelegraph