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8 Best Quantum Computing Stocks to Buy in 2023 – WTOP

Quantum computing is operating at a higher and more commercially viable level in 2023. More than 91% of global CEOs

Quantum computing is operating at a higher and more commercially viable level in 2023. More than 91% of global CEOs say theyre steering cash toward quantum computing, and 70% say theyre generating real-life use cases for the technology, according to the OpenOceanIQM-Lakestar State of Quantum 2022 report.

Corporate decision makers are starting to see what computer engineers have seen for years: Quantum computing can resolve issues in a few seconds that take the fastest supercomputers weeks to solve.

Our research confirms that we are on a one-way journey to enter the quantum era, says Ekaterina Almasque, general partner at OpenOcean, which coauthored the State of Quantum 2022 Report released in November.

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The findings are a clear sign that the broader market is starting to buy into the potential of quantum computing, recognizing its emerging commercial potential and backing it with significant investment, she says. The report showed that private investment in quantum computing grew 500% from 2017 to 2021 alone.

A recent report from Precedence Research pegged the global quantum computing market at more than $10 billion for 2022 and predicted that it would surpass $125 billion by 2030, expanding at a compound annual growth rate, or CAGR, of 37%.

So, which quantum computing stocks are doing the best job of harnessing themselves to the quantum computing revolution? These eight stocks are in acceleration mode:

Microsoft Corp. (MSFT)

Microsoft is at the leading edge of quantum computing innovation, with one of the industrys first full-stack, open-cloud quantum computing ecosystems, which enables data engineers to create quantum applications and run them on multiple systems.

In February, Microsoft rolled out its new Integrated Hybrid feature in Azure Quantum that enables quantum and classical (computing) to integrate seamlessly together in the cloud, a first for our industry and an important step forward on our path to quantum at scale, according to the companys website.

With quantum computing developments growing steadily, and its Azure cloud computing platform growing at a 27% clip in the last quarter, look for these efforts to start paying off in 2023.

The 34 Wall Street analysts who rated MSFT stock on TipRanks.com gave it a strong buy recommendation, on average, with a price target of $327.14 in mid-May. Thats 5.7% above its May 15 closing price of $309.46.

International Business Machines Corp. (IBM)

IBM is one of the few large quantum computing developers that owns its own computing chip and operating systems, both of which are tied to its Quantum System One quantum computer, introduced in 2019. IBM has made big strides commercially with its efforts, as 210 entities across a wide spectrum of industries, including Raytheon Technologies Corp. (RTX), Sony Group Corp. (SONY), Samsung Electronics Co. Ltd. and the U.S. government, are either currently using IBM quantum computing programs or are partnering with IBM to build more robust quantum computing systems.

IBM also routinely rates highly in business innovation rankings its rated third for technology innovation in Drucker Institutes latest Management Top 250 Report (Microsoft is first) providing investors with some reassurance that Big Blue knows what its doing on the quantum computing front.

IBM shares closed at $123.36 on May 15, and eight analysts on TipRanks give the stock an average price target of $147.38. Thats a 19.5% increase.

[READ: How This 25-Year-Old Makes $500k a Year With His Newsletter Business]

Nvidia Corp. (NVDA)

Nvidia plays a huge role in the quantum computing market, as its one of the main providers of graphics processing units, or GPUs, used to power faster computing performance. Now Nvidia is getting into the hardware end of the quantum computing market with its DGX Quantum, the first computing system to merge GPUs and quantum computing. The quantum computing architecture is powered by Nvidias Grace Hopper Superchip, thus allowing researchers to build extraordinarily powerful applications that combine quantum computing with state-of-the-art classical computing, enabling calibration, control, quantum error correction and hybrid algorithms, the company stated.

NVDA stock could be a solid long-term play for quantum computing investors, given its outsized role in the global semiconductor market and its emerging role in quantum architecture even if that role may not pay off for several years. NVDA traded at $289.53 per share on May 15, and 38 analysts on TipRanks rate the stock a consensus strong buy with a 12-month price target of $288.24.

Alphabet Inc. (GOOG, GOOGL)

Alphabet, the parent to web search engine giant Google, has already established a big footprint in the quantum computing market. In 2018, the company introduced Bristlecone, its 72-qubit quantum processor, and has since spun off its own quantum computing and artificial intelligence private company.

In February, Alphabet engineers announced a breakthrough development in the quantum computing market, reporting that its quantum processor could reduce quantum computing errors (which are fairly common in the sector) by boosting the number of qubits used in computing processes.

No doubt, Alphabet is building a solid quantum computing platform that should place it in the top five technology companies in the quantum sector going forward. The stock should be another long-term pillar for sector investors, especially given its well-earned reputation as a highly profitable company.

GOOG had a closing price of $116.96 on May 15, and all six analysts who offer an average price target of $126.17 on TipRanks rate the stock a buy.

Honeywell International Inc. (HON)

Quantinuum, the quantum computing enterprise owned by Honeywell Quantum Solutions and Cambridge Quantum, recently tapped 30-year supercomputing veteran Raj Hazra as its new chief executive officer. That move underlines the industrys need for top leaders and visionaries who know how to push quantum computing from the realm of scientific theory to a mainstream commercial computing juggernaut.

The experienced Hazra leads a company thats planted deep roots in the quantum space, particularly in developing quantum computing products in the internet security, climate modeling and pharmaceutical drug sectors. Commenting on Quantinuum, which includes 350 scientists on its payroll, Hazra cited the state of the art engineering talent already on board at the enterprise.

Investors looking for exposure to all that generational talent can access it via Honeywells stock, which closed at $194.31 on May 15. Twelve TipRanks analysts set an average price target of $223.91, which represents 15.2% potential upside.

[SEE: 7 Space Stocks and ETFs to Watch]

Amazon.com Inc. (AMZN)

Amazon is rapidly expanding its presence in the quantum computing sector, primarily through its AWS Center for Quantum Networking for developing quantum network solutions and its Amazon Quantum Solutions Lab. Last year, Amazon also rolled out Amazon Braket, a cloud-based managed quantum computing service that researches and develops new quantum computing technologies.

Amazon is yet another deep-pocketed player that can take its time developing new products knowing that its massive revenue base $514 billion in 2022 can buy the companys quantum engineers all the time they need to master the market.

AMZN stock traded at $111.20 per share as of May 15, and 36 Wall Street analysts set a consensus price target of $134.24 with a strong buy rating. Thats upside potential of 20.7%.

Intel Corp. (INTC)

Intel is already widely recognized as the largest semiconductor company in the world. Now its taking significant steps to position itself as one of the rising stars in the quantum computing market.

In March, Intel introduced its Quantum software development kit, or SDK, to aid technology engineers in their ongoing research into quantum algorithms and applications. The SDK is already in use as a tool for researching fluid dynamics performance issues in the hydrodynamics and aerodynamics markets. Thats a path Intel is determined to follow to entrench itself in the quantum computing market.

The Intel Quantum SDK helps programmers get ready for future large-scale commercial quantum computers, says Anne Matsuura, director of quantum applications and architecture at Intel Labs. It will not only help developers learn how to create quantum algorithms and applications in simulation, but it will also advance the industry by creating a community of developers that will accelerate the development of applications, so they are ready when Intels quantum hardware becomes available.

INTC stock closed at $29.80 on May 15, and the price target consensus of 27 analysts on TipRanks is $30.98.

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)

TSM has laid the groundwork for its quantum computing efforts with a five-year strategic partnership with Taiwans Ministry of Science and Technology. Thats the tentpole in TSMs plan to use its new cloud computing platform to develop quantum computing applications that will one day make it to the commercial marketplace.

Couple those efforts with TSMs standing as one of the top semiconductor companies in the world that generates 10% to 15% annual revenue growth rates, and its easy to see why Taiwan Semi could be a solid landing spot for new quantum computing investment dollars.

TSM stock closed at $85.66 per share on May 15. A small sample of Wall Street analysts on TipRanks rate the stock a strong buy and set a consensus price target of $118.67 for TSM shares, representing potential upside of 38.5%.

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8 Best Quantum Computing Stocks to Buy in 2023 originally appeared on usnews.com

Update 05/16/23: This story was previously published at an earlier date and has been updated with new information.

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8 Best Quantum Computing Stocks to Buy in 2023 - WTOP

The Full Cast of Netflix’s ‘Black Knight’ – We Got This Covered

via Netflix

The latest Korean drama to hit Netflix, Black Knight, is already garnering a lot of attention. The series paints a dystopian world where your everyday delivery driver is now a combat-trained runway model (quite literally in this case), and instead of bringing you your oranges, milk, and Reeses peanut butter cups, he is bringing you the oxygen you need to survive in this new hellscape. So who are the players in this series which asks the question: what if a DoorDash delivery was a little more like Mad Max?

Lets get a little more context first of all, shall we? The year is 2071, 40 years since a comet landed on Earth, turning South Korea into a desert and polluting the air to such an extent that it is almost impossible to survive outside. Only one percent of the population still lives, and they have been separated into factions, general, specific, and core. Of course, here we see the rich and wealthy getting their usual privileged treatment whilst the rest suffer in horrific conditions (no one is surprised by this anymore, right?).

In this dystopian world, we have those known as Black Knights, delivery men who brave the wastelands to bring the necessities for survival, including clean oxygen, to those who can afford them. They drive across the treacherous landscape, fighting off bandits and well-armed groups to make their deliveries, not something we would see most Uber drivers doing these days. One of the most legendary of the Black Knights is our protagonist, 5-8, a man who realizes he can no longer service the needs of only a few whilst the rest suffer.

So who plays 5-8, as well as all the other players in this bleak world? Lets take a look at the cast and where you may have seen them before.

Kim Woo-bin plays the exceedingly handsome and deadly 5-8. Kim started his career as a runway model in South Korea at the age of 20 and started appearing on runways at Seoul Fashion Week collections. This then started the transition to acting, taking classes and training before making his first appearance in 2011 in the mystery drama White Christmas.

He started to gain recognition in 2013, appearing in two hit series and a film, and received his first award, Best New Actor at the APAN Star Awards, a South Korean awards show celebrating excellence in television and movies. Kim worked steadily until he took a hiatus after being diagnosed with nasopharyngeal cancer. He made a triumphant return to the screen in 2022 with the show Our Blues and now the much-talked-about Black Knight.

His role as 5-8 has the internet a-flutter as many tune in to see what it would be like to get deliveries from a walking Calvin Klein model with kick-ass martial arts skills.

Kang Yoo-seok plays the role of the scrappy refugee boy, Yoon Sa-Wol. Sa-wol idolizes the couriers who brave the desert to deliver vital necessities and wants to follow in the footsteps of 5-8. Luckily for him, and to the tragedy of 5-8, a spot opens up and 5-8 decides to take Sa-wol under his wing to mentor him and prepare him for the Squid Game-like competition that is undertaken to find a new delivery driver.

Kang is a little newer on the block, with his first listed performance being the 2019 series Nal Nokyeojuo. He has appeared in a handful of series since then, but it looks like this will likely be his breakout role given all the attention the show has garnered so far.

In contrast to Yoo-seok, Song Seung-heon has been around for some time and is a firm fixture in Korean and Japanese television. The actor started out as a model in the 90s before transitioning across to acting (we may believe that having model good looks is a requirement for Korean actors at this rate) and has appeared in numerous well-loved series and films since.

The first role for which he gained recognition was the popular drama Autumn in My Heart, a romantic melodrama that was so influential it started a trend for stories of the same thing in Korean television. Many of the roles he takes on are often gruff, masculine, and aggressive, and that seems to be the case here as he acts as the classic evil, rich villain whose disdain for everyone makes him easy to hate.

Esom, otherwise known as Lee So-young, plays the character of Jeong Seol-ah, a capable military character and one of the only strong females in this series. She is an officer in the Defense Intelligence Command and is also close to the character of Sa-wol having saved his life and watching over him like an adoptive big sister. This is the setup we need to know that she is separate from the other scheming, uncaring, military and political types we meet throughout the show.

Esom first made a splash as the lead in the romantic 2014 film Scarlet Innocence, which earned her a slew of award nominations. She has since worked on a number of well-received Korean dramas including Taxi Driver, The Third Charm, and the film Samjin Company English Class.

Kim plays the sweet character of Grandpa, the lovable elderly character around all these young pretty things. He is a mechanic of great skill, able to fix almost anything, and also acts as Sa-wols guardian (this boy really does have a lot of people looking out for him).

Kim has been on the scene for some time and has appeared in a number of shows and films, and won a handful of awards, one of which was Best Supporting Actor in the incredibly popular film Train to Busan which gained global recognition.

Jin is a face you will see over and over again if you are a fan of Korean films and dramas. The versatile actress is everywhere and in Black Knight plays South Koreas President, Chae Jin-kyung. This is not the only K-drama that she has appeared in that has made a splash on Netflix in the last few years. She also appears in Extraordinary Attorney Woo as Tae Soo-mi, the sharp-minded, strong, and successful head of the most respected law firm in the country. Not such a shock then to see her in yet another high-powered role, as she radiates authority.

Jeung Seul-ah is the younger sister of Jeong Seol-ah (be careful not to get their names confused) and is played by actress Roh Yoon-seo. A little less composed than her older sister, she swoons a lot more of the character of 5-8 (a legitimate response). In a tough world where most of the characters are gruff and tough, her character brings softness.

Roh is very new to the game, having (once again) started off as a model in 2018 she starred in her debut role in Our Blues, the same series Kim Woo-bin appeared in once he returned to acting. Her next role was in the 2023 series Crash Course in Romance, and both roles saw her nominated and winning awards, including the Best New Actress Television award at the 59th Baeksang Arts Awards.

These are all the major players in the series which has taken the world by storm, appearing in Netflixs Top Ten charts in 83 countries. This show takes some of the tricks and story telling utilized by some of the most successful dramas out there and manages to bring them all together in one season, an extraordinary feat. It may occasionally feel a little overstuffed at times, but reviews so far have been great, so add this to your watchlist if you want to see very attractive people survive after an apocalyptic event.

You can watch Black Knight now on Netflix.

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The Full Cast of Netflix's 'Black Knight' - We Got This Covered

Thanet business news: CAMRA awards, Thanet Earth, Dirtee Feast … – The Isle of Thanet News

CAMRA second place pub The MagnetThanet CAMRA

The isle Branch of CAMRA (Campaign for Real Ale) recently completed award presentations to four pubs in Thanet.

The Thanet 2023 CAMRA Pub of the year was judged to be The Royston in Broadstairs, and runner-up was the Magnet also in Broadstairs. Highly commended were the Two Halves in Margate and the Hovelling Boat Inn in Ramsgate.

With some 50 real ale venues to choose from, including pubs, clubs and hotels, the process of judging the winners was undertaken by local members using a check-list of eight different judging categories each containing focused criteria.

Chairperson of the local branch, Martin Knight, said: Pubs can be but dont have to be picture postcard, unspoilt gems to be pub of the year.

Pubs of all sizes and locations such as those located in residential areas, town centre bars, micropubs or back street locals, where everyone is made to feel welcome, can be considered for this award.

Yesterday (May 16), Chris Butler, MD of Thanet Earth, attended the Farm to Fork Summit at No 10 Downing Street hosted by the Prime Minister, Rishi Sunak.

The focus of the summit was on how government and industry can work together to support a thriving UK food industry and included attendees from across the whole UK supply chain.

In a speech to the attendees the Prime Minster said, we need to change the way that our country works to support all of you.

Some positive points that came out of the summit were:

As part of the Governments drive for innovation, support for the construction of glasshouses will be included in their new and expanded Fruit and Vegetable Scheme.

Confirmation of a significant uplift in worker visas for the coming year, with the capacity for a further top up.

The inclusion of glasshouses in the Energy Bills Relief Scheme and a promise that the Government will investigate what more can be done to support the sector due to its unique needs.

Chris Butler said: I was encouraged by the discussions and in particular the additional support for the glasshouse growing sector, this support goes some way to ensuring that Thanet Earth can play a major part in the future food security of the UK.

Dirtee Feast street bites and gourmet burgers and dogs food venture will open at a new base in Ramsgate on Friday (May 19).

The business had a permanent residency at the Ravensgate Arms until its sudden closure earlier this month.

Boss Dean Adams, who has also taken over the Ramsgate seafront phone boxes for his doughnut and ice cream offerings, has now relocated and will launch at Churchills Tavern on the Paragon with new additions to the menu.

From June onwards Dean will be introducing a new Home Classic menu with a Dirtee Feast twist.

Bookings now open

Email dirteefeast@gmail.com, message the facebook page, or contact Churchills

Dirtee Feast is also available though online outlets such as Just Eat.

Thanet-based small businesses now have the chance use the services of a newly formed digital marketing agency specifically tailored towards helping small and medium-sized enterprises.

The new agency is headed up by experienced industry professionals who understand how digital marketing can help grow businesses. Their focus lies on digital marketing services that help grow businesses; this ranges from:

Jake Harris, founder of Top Click Marketing in Thanet, said: Our goal is to offer these services at competitive rates so (small businesses) can take advantage of our knowledge and expertise without breaking their budgets.

Top Click is offering services from creating engaging content to running campaigns on platforms such as Facebook and Instagram, copywriting and SEO help.

Jake said: Our firm believes every business should have access to high-quality digital marketing services regardless of size or budget.

To check out the Altitude website, go to https://topclickmarketing.co.uk.

Poppy Fields, an affordable housing development in Ramsgate, has been named Best Construction Project at the South East Construction Awards 2023.

The scheme, which is being built by WW Martin on behalf of Orbit Homes, will deliver 55 new affordable homes in Ramsgate.

The highly awards were held at Sandown Racecourse on 25 April and celebrate the regions most outstanding main contractors who have carried out exemplary projects, demonstrating the highest levels of innovation, quality, sustainability, health and safety, well-being, and training.

The Poppy Fields development will be completed later this year. It is a project which demonstrates best practice in design and construction and promotes innovative solutions to reduce carbon emissions as well reduce the cost of running the new homes for residents.

Mike Darling Director of WW Martin, said: We are immensely proud that Poppy Fields has been announced as the winner of the Best Construction Project. The award is testament to the work of everybody involved with the project, the strength of our partnership with Orbit Homes and our joint commitment to delivering high quality affordable new homes.

Brian Nearney, Regional Managing Director at Orbit Homes, added: This award is testament to the excellent work of our teams, and their continual dedication in delivering new homes that are well considered, for our customers to enjoy. The project also recently won a Green Plaque Award, demonstrating its exceptional commitment to sustainable design.

Judges praised the project as an excellent example of how construction and development projects can be used to create far-reaching benefits for the local economy. They made specific reference to the lasting social value the scheme will bring to the local community and the cohesive vision being delivered.

Poppy Fields offers a collection of three- and four-bedroom homes in Ramsgate. Homes are available to buy through shared ownership with prices starting from 140,000 for a 40% share. For further information, contact the Orbit Homes sales team on 01843 653 501.

Thanet Crane Hire has announced new developments for the business following last years 2m investment programme and relocation to a new depot in Headcorn.

A further 30,000 is earmarked for staff development in 2023, with the company continuing its policy of offering training and career options to people without previous industry experience. The TCH team includes crane operators, lift supervisors, HGV drivers, a mechanic and office staff.

The company is continually updating its fleet of modern mobile cranes. Recent additions include a Liebherr LTM 10140 2.1 with VarioBase, a Grove GMK 3060L and another Bocker AK 46/6000.

A brand-new Mercedes Arocs truck with a FASSI 36.5t crane has also recently joined the refreshed transport fleet.

Thanet Crane Hires transport services are available locally and nationwide, including the London Low Emissions Zone.

Jack Stickings, Operations Director said: 2023 is shaping up to be another busy year for TCH, in March our monthly turnover topped 400,000 for the first time. We are committed to investing back into the business and development and career progression for our excellent team. Our people have always been our strength. We have also recently opened a new satellite location near Herne Bay so we can better serve our North Kent customers.

Thanet Crane Hire has also announced its recent registration to the internationally recognised quality standard ISO 9001 with a UKAS accredited body.

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Thanet business news: CAMRA awards, Thanet Earth, Dirtee Feast ... - The Isle of Thanet News

Were in This Sort of Quantum Computer Race With China Joe Rogan Questions Why Governments Hide Advanced Tech From the Masses – EssentiallySports

Science and technology have always fascinated Joe Rogan. Rogan has hosted several guests from the science field on his podcast. The Joe Rogan Experience has a large repository of conversations on the subject with guests like Elon Musk and Brian Cox. The latest among such conversations was with Dr. Michio Kaku, Ph.D. Dr. Kaku is a theoretical physicist and host of a radio program called Science Fantastic.

Dr. Kaku has also recently written a book called Quantum Supremacy: How the Quantum Computer Revolution Will Change Everything. The pairs discussions were therefore pertaining to quantum computers and their potential to change the world.

via Getty

DALLAS, TEXAS JULY 29: Joe Rogan attends the UFC 277 ceremonial weigh-in at American Airlines Center on July 29, 2022 in Dallas, Texas. (Photo by Carmen Mandato/Getty Images)

This led Rogan to ask a typical Rogan-esque question- what if the government had these technologies and were hiding them?

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In episode #1980, Joe Rogan and Dr. Michio Kaku had a lengthy discussion about technology and quantum computers in particular. They discussed the technological race between countries like the United States and China. Toward the end of their chat, Rogan asked Kaku if he thought governments had already possessed this type of technology.

The 76-year-old told him an answer befitting a scientist. For Kaku, the proof was in the pudding. He had to see it to believe it. Then Rogan asked, Could you understand though how a government if they were in possession of something like that, would want to keep it a secret?

The BJJ black belt explained, Because the technology is so superior to anything that we have. Just like how were in this sort of quantum computer race with China and they have a different method than we do. What if they have a different method of back engineering these things?

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Kaku told Rogan that it was a conceivable theory but add there was no hard evidence to support any assumptions. He also analyzed other theories where people claim humans stole technology from aliens. The renowned physicist credited all such achievements to scientists who spent entire careers developing them.

What do you make of this conversation between Rogan and Kaku? Do you have any such theories regarding high-end technology?

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Were in This Sort of Quantum Computer Race With China Joe Rogan Questions Why Governments Hide Advanced Tech From the Masses - EssentiallySports

Insilico Medicine Successfully Explores the Advantages of Quantum … – PR Newswire

NEW YORK, May 17, 2023 /PRNewswire/ -- Insilico Medicine, a clinical stage generative artificial intelligence (AI)-driven drug discovery company, today announced that it groundbreakingly combines two rapidly developing technologies, quantum computing and generative AI to explore the lead candidate discovery in the drug development process and successfully demonstrated the potential advantages of quantum generative adversarial networks in generative chemistry.

The study published on May 13th in the American Chemical Society'sJournal of Chemical Information and Modeling, a leading journal in computational modeling, is led by Insilico Taiwan center and UAE center which focus on pioneering and constructing breakthrough methods and engines with rapidly developing technologies including generative AI and quantum computing to accelerate drug discovery and development, supported by the University of Toronto's Acceleration Consortium director Alan Aspuru-Guzik and Hon Hai (Foxconn) Research Institute.

"We are pleased to achieve the milestone in the collaboration with Insilico Medicine. Quantum computing can be used to solve complex computational problems. The application of quantum computing in drug discovery will potentially help reduce the time and lower the cost of research and development," said Min-Hsiu Hsieh, PhD, Director of the Quantum Computing Research Center of Hon Hai Technology Group (Foxconn)

Generative Adversarial Networks (GANs) are one of the most successful generative models in drug discovery and design which has shown remarkable results for generating data that mimics a data distribution in different tasks. The classic GAN model consists of a generator and a discriminator. The generator takes random noises as input and tries to imitate the data distribution, and the discriminator tries to distinguish between the fake and real samples. A GAN is trained until the discriminator cannot distinguish the generated data from the real data.

In this paper, researchers have explored the quantum advantage in small molecule drug discovery by substituting each part of MolGAN, an implicit GAN for small molecular graphs, with a variational quantum circuit (VQC) step by step including as the noise generator, generator with the patch method and quantum discriminator, and comparing its performance and with the classical counterpart.

The study not only demonstrates that the trained quantum GANs can generate training-set-like molecules by using the VQC as the noise generator, but the quantum generator outperforms the classical GAN in the drug properties of generated compounds and the goal-directed benchmark. In addition, the study shows the quantum discriminator of GAN with only tens of learnable parameters can generate valid molecules and it outperforms the classical counterpart with tens of thousands of parameters in terms of generated molecule properties and KL-divergence score.

"Quantum computing is recognized as the next technology breakthrough which will make great impact to all communities, and the pharmaceutical industry is believed to be among the first wave of industries benefiting from the advancement. The paper demonstrates Insilico's first footprint in quantum computing with AI in molecular generation underlining our vision in the field," said Jimmy Yen-Chu Lin, PhD, GM of Insilico Medicine Taiwan, and corresponding author of the paper.

The promising result will further support Insilico's UAE team to integrate the hybrid Quantum GAN model into Chemistry42, Insilico's proprietary small molecule generation engine to obtain more efficient and accurate results in AI-driven drug discovery and development process. As one of the pioneers to leverage GANs in de novo molecular design Insilico published the first paper in this field in 2016 and the company has delivered 11 preclinical candidates with the support of its end-to-end platform Pharma.AI based on generative AI models since 2021, three of which have entered clinical trials.

"To our knowledge, it is the first time in the industry to systematically replace every component of GAN with VCQ and successfully generate molecules. I believe this is also the first small step in our journey," said Alex Zhavoronkov, founder and CEO of Insilico Medicine. "We are committed to accelerate high-quality effective therapeutics to patients to extend healthy productive life for everyone on the planet with the support of cutting-edge technologies. Insilico's UAE center is currently working on a breakthrough experiment with a real quantum computer for chemistry and look forward to sharing Insilico's best practices with industry and academia."

About Insilico Medicine

Insilico Medicine, a clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company, connects biology, chemistry, and clinical trials analysis using next-generation AI systems. The company has developed AI platforms that utilize deep generative models, reinforcement learning, transformers, and other modern machine learning techniques to discover novel targets and to design novel molecular structures with desired properties. Insilico Medicine delivers breakthrough solutions to discover and develop innovative drugs for cancer, fibrosis, immunity, central nervous system (CNS), and aging-related diseases. For more information, visit http://www.insilico.com

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Insilico Medicine Successfully Explores the Advantages of Quantum ... - PR Newswire